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
PATHFINDER FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)179 HARVEY STREET   Room/suite
City or town, state, and ZIP code
CAMBRIDGE, MA02140
A Employer identification number

34-6536633
B Telephone number (see page 10 of the instructions)

(617) 868-1999
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$778,543J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 14,706 14,706 14,706
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -2,477
b Gross sales price for all assets on line 6a 177,836
7 Capital gain net income (from Part IV, line 2)...  
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........ 12,229 14,706 14,706
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 650      
c Other professional fees (attach schedule).... Click to see attachment 433 433    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,766 4,766    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,849 5,199   0
25 Contributions, gifts, grants paid........ 42,250 42,250
26 Total expenses and disbursements. Add lines 24 and 25 48,099 5,199   42,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -35,870
b Net investment income (if negative, enter -0-) 9,507
c Adjusted net income (if negative, enter -0-)... 14,706
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............... 6,419 19,854 19,854
2 Savings and temporary cash investments.......... 469,119 39,184 39,184
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)........ 162,350 Click to see attachment583,732 639,891
c Investments—corporate bonds (attach schedule)........   Click to see attachment21,610 21,513
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 112,015 Click to see attachment49,653 58,101
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) 749,903 714,033 778,543
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 749,903 714,033
30 Total net assets or fund balances (see page 17 of the
instructions).................... 749,903 714,033
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 749,903 714,033
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)............... 1 749,903
2 Enter amount from Part I, line 27a...................... 2 -35,870
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 714,033
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.. 6 714,033
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.)
1a
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
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
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  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 22,050 630,978 0.034946
2008 10,500 357,745 0.029351
2007 5,200 378,434 0.013741
2006 9,150 381,168 0.024005
2005 24,902 371,752 0.066986
2 Total of line 1, column (d) ...................... 2 0.169029
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 0.033806
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 723,604
5 Multiply line 4 by line 3....................... 5 24,462
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 95
7 Add lines 5 and 6......................... 7 24,557
8 Enter qualifying distributions from Part XII, line 4.............. 8 42,250
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 95
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 95
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 95
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 147
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 147
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 52
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet52 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)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
     
     
    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 ofbulletPAT GOUDVIS Telephone no.bullet (617) 868-1999
    Located atbullet179 HARVEY STCAMBRIDGEMA ZIP+4bullet02140
    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
    PAT GOUDVISClick to see attachment TRUSTEE
    3.00     		0 0 0
    179 HARVEY ST
    CAMBRIDGE,MA02138
    ANN GOUDVISClick to see attachment TRUSTEE
    1.00     		0 0 0
    210 LIPAN WAY
    BOULDER,CO80303
    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
     
    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
    719,559
    b
    Average of monthly cash balances.......................
    1b
    15,064
    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
    734,623
    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
    734,623
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    11,019
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    723,604
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    36,180
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    36,180
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    95
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    95
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    36,085
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    36,085
    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
    36,085
    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
    42,250
    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
    42,250
    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
    95
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    42,155
    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 36,085
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 19,139
    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.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 42,250
    a Applied to 2009, but not more than line 2a 19,139
    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..... 23,111
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		12,974
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    INST FOR PEACABLE COMM
    120 PULPIT HILL RD
    AMHERST,MA01002     		  PUBLIC GENERAL 1,000
    PROJECT BREAD
    145 BORDER ST
    EAST BOSTON,MA02128     		  PUBLIC GENERAL 250
    FIRST PARISH CHURCH
    3 CHURCH ST
    CAMBRIDGE,MA02138     		  PUBLIC GENERAL 2,150
    ECOLOGIC DEVELOPMENT FD
    25 MT AUBURN ST STE 203
    CAMBRIDGE,MA02138     		  PUBLIC GENERAL 7,500
    SAN CARLOS FOUNDATION
    1065 CRESTON RD
    BERKELEY,CA94708     		  PUBLIC GENERAL 12,500
    GROUNDSPARK
    2180 BRYANT ST 203
    SAN FRANCISCO,CA94110     		  PUBLIC GENERAL 500
    ASPEN CTR FOR ENVIRN STUD
    100 PUPPY SMITH ST
    ASPEN,CO81611     		  PUBLIC HALAM LAKE 500
    CAMBRIDGE FRIENDS SCHOOL
    5 CADBURY ROAD
    CAMBRIDGE,MA02140     		  PUBLIC GENERAL 2,500
    NEW ECONOMICS INSTITUTE
    140 JUG END ROAD
    GREAT BARRINGTON,MA01230     		  PUBLIC GENERAL 250
    RODMAN RIDE FOR KIDS
    10 LINCOLN ROAD
    FOXBORO,MA02035     		  PUBLIC BIRTHDAY WISHES 100
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVE
    BOSTON,MA02215     		  PUBLIC GENERAL 2,000
    FEXMARTIN-BARO FUND
    PO BOX 302122
    JAMAICA PLAIN,MA02131     		  PUBLIC GENERAL 1,000
    CENTER FOR INDPDT DOCUMEN
    680 SOUTH MAIN ST
    SHARON,MA02067     		  PUBLIC GENERAL 1,500
    OXFAM AMERICA
    226 CAUSEWAY ST
    BOSTON,MA02114     		  PUBLIC GENERAL 250
    RETHINKING SCHOOLS
    1001 EAST KEEFE AVE
    MILWAUKEE,WI53212     		  PUBLIC GENERAL 5,000
    CARLTON COLLEGE
    100 SOUTH COLLEGE ST
    NORTHFIELD,MN55057     		  PUBLIC GENERAL 4,000
    HAYMARKET PEOPLE'S FUND
    42 SEAVERNS AVE
    BOSTON,MA02130     		  PUBLIC GENERAL 250
    VERDE VALLEY SCHOOL
    3511 VERDE VALLEY SCHOOL
    SEDONA,AZ86351     		  PUBLIC GENERAL 500
    PALO ALTO FRIENDS MEETING
    957 COLORADO
    PALO ALTO,CA94303     		  PUBLIC GENERAL 500
    Total .................................bullet 3a 42,250
    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          
    4 Dividends and interest from securities....     14 14,706  
    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         -2,477
    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)..   14,706 -2,477
    13Total. Add line 12, columns (b), (d), and (e)...................
    1312,229
    (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:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 650      

    TY 2010 CompensationExplanation
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Person Name Explanation
    PAT GOUDVIS  
    ANN GOUDVIS  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    20/ADOBE SYS 2009-09 PURCHASE 2010-01   750 712     38  
    20/BT GROUP 2009-09 PURCHASE 2010-01   450 449     1  
    200/FIRST ENERGY 1998-12 PURCHASE 2010-01   9,192 6,232     2,960  
    100/FIRSTENERGY 1998-12 PURCHASE 2010-01   4,596 3,116     1,480  
    197/PFIZER 2009-10 PURCHASE 2010-01   3,660 3,450     210  
    394/PFIZER 2009-10 PURCHASE 2010-01   7,320 6,901     419  
    591/PFIZER 2009-10 PURCHASE 2010-01   10,981 10,351     630  
    1182/PFIZER 2009-10 PURCHASE 2010-01   21,961 20,703     1,258  
    50/KONINKLIJKE PHILIPS 2009-09 PURCHASE 2010-01   1,533 2,194     -661  
    15/APACHE CORP 2009-09 PURCHASE 2010-02   1,548 1,373     175  
    25/F5 NETWORKS 2010-01 PURCHASE 2010-02   1,360 1,321     39  
    135/HORACE MANN EDUCATORS 2010-01 PURCHASE 2010-02   1,847 1,827     20  
    30/JARDEN CORP 2010-01 PURCHASE 2010-02   919 955     -36  
    40/ROYAL BK CDA 2009-09 PURCHASE 2010-02   2,177 2,125     52  
    45/ROYAL BK CDA 2010-01 PURCHASE 2010-02   2,449 2,421     28  
    185/SCHWAB CHARLES CORP 2010-01 PURCHASE 2010-02   3,295 3,613     -318  
    60/SIMS METAL MGMT 2009-09 PURCHASE 2010-02   1,088 4,625     -3,537  
    70/STAPLES INC 2009-09 PURCHASE 2010-02   1,774 1,602     172  
    35/AFLAC 2010-01 PURCHASE 2010-02   1,713 1,715     -2  
    30/BEST BUY 2009-09 PURCHASE 2010-02   1,085 1,150     -65  
    25/CHIPOLTE 2010-01 PURCHASE 2010-02   2,590 2,250     340  
    30/LOWES 2009-09 PURCHASE 2010-02   693 636     57  
    5/LOWES 2010-01 PURCHASE 2010-02   116 114     2  
    30/NOVO-NORDISK 2009-09 PURCHASE 2010-02   2,166 1,931     235  
    25/TARGET 2009-09 PURCHASE 2010-02   1,269 1,188     81  
    235/DELL 2010-01 PURCHASE 2000-02   3,349 3,485     -136  
    20/ HP 2009-09 PURCHASE 2010-02   1,004 913     91  
    40/TOYOTA MOTOR 2010-01 PURCHASE 2010-02   2,931 3,342     -411  
    130/BERKLEY WR 2010-01 PURCHASE 2010-02   3,297 3,176     121  
    17/BP PLC 2009-09 PURCHASE 2010-05   854 920     -66  
    180/BP PLC 2010-01 PURCHASE 2010-05   9,046 10,690     -1,644  
    745/POWERSHARES ETF TR 2010-01 PURCHASE 2010-05   6,943 8,582     -1,639  
    100/ADVANCE AUTO PARTS 2010-01 PURCHASE 2010-05   4,646 3,986     660  
    135/EBAY INC 2010-01 PURCHASE 2010-05   3,071 3,190     -119  
    90/ECOLAB 2010-01 PURCHASE 2010-05   4,363 3,994     369  
    40/EMC CORP 2009-09 PURCHASE 2010-05   754 676     78  
    160/EMC CORP 2010-01 PURCHASE 2010-05   3,015 2,893     122  
    20/EMERSON ELEC 2009-09 PURCHASE 2010-05   978 1,494     -516  
    110/EMERSON ELEC 2010-01 PURCHASE 2010-05   5,379 4,765     614  
    85/F5 NETWORKS 2010-01 PURCHASE 2010-05   6,030 4,491     1,539  
    10/GOLDMAN SACHS 2009-09 PURCHASE 2010-05   1,428 1,767     -339  
    30/GOLDMAN SACHS 2010-01 PURCHASE 2010-05   4,285 5,232     -947  
    150/GLAXOSMITHKLINE 2010-01 PURCHASE 2010-05   5,147 6,247     -1,100  
    45/JARDEN 2010-01 PURCHASE 2010-05   1,312 1,432     -120  
    15/WILEY JOHN 2009-09 PURCHASE 2010-05   622 523     99  
    100/WILEY JOHN 2010-01 PURCHASE 2010-05   4,149 4,153     -4  
    100/POWERSHARES 2009-09 PURCHASE 2010-05   1,319 2,486     -1,167  
    55/POWERSHARES 2010-01 PURCHASE 2010-05   725 951     -226  
    85/PEPSICO 2010-01 PURCHASE 2010-05   5,700 5,262     438  
    60/SPECTRA ENERGY 2010-01 PURCHASE 2010-05   1,324 1,226     98  
    135/AT&T 2010-01 PURCHASE 2010-05   3,495 3,850     -355  
    75/TIMBERLAND 2010-02 PURCHASE 2010-05   1,690 1,360     330  
    10/TELEFONICA SA 2009-09 PURCHASE 2010-05   587 821     -234  
    60/TELEFONICA 2010-01 PURCHASE 2010-05   3,521 5,112     -1,591  
    NATIONAL GRID 2010-06 PURCHASE 2010-06   340 340        

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name of Bond End of Year Book Value End of Year Fair Market Value
    20000 ORACLE CORP BOND 21,610 21,513

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name of Stock End of Year Book Value End of Year Fair Market Value
    50 SHARES APPLE INC 10,353 16,128
    10 SHARES GOLDMAN SACHS    
    40 SHARES GRAINGER 3,299 5,524
    10 SHARES TELFONCIA SA    
    350 SHARES CISCO SYS 8,416 7,081
    100 SHARES POWERSHARES GLOBAL    
    360 SHARES STATOIL ASA 8,957 8,557
    90 SHARES 3M CO 6,398 7,767
    120 SHARES BECTON DICKINSON 8,998 10,142
    15 SHARES WILEY JOHN    
    17 SHARES BP PLC    
    20 SHARES ADOBE SYS    
    170 SHARES AVISTA CORP 3,541 3,828
    20 SHARES BT GROUP    
    20 SHARES EMERSON ELEC    
    230 SHARES GENERAL MILLS 7,840 8,186
    105 SHARES ILLINOIS TOOL 5,894 5,607
    130 SHARES MEDTRONIC 5,648 4,822
    80 SHARES NATIONAL GRID 4,301 3,550
    130 SHARES PROCTER & GAMBLE 7,814 8,363
    75 SHARES SMUCKER JM 4,459 4,924
    2364 SHARES PFIZER 41,914 41,394
    2364 SHARES PFIZER INC    
    60 SHARES AIR PRODS & CHEMS 3,593 5,457
    155 SHARES JOHNSON & JOHNSON 9,819 9,587
    30 SHARES BEST BUY    
    100 SHARES COLGATE PALMOLIVE 8,078 8,037
    80 SHARES IBM 10,097 11,741
    30 SHARES LOWES COS    
    30 SHARES NOVO-NORDISK    
    130 SHARES THOMAS & BETTS 4,545 6,279
    300 SHARES FIRSTENERGY CORP    
    160 SHARES CHUBB CORP 7,819 9,542
    104 SHARES APACHE CORP 10,717 12,400
    105 SHARES BAXTER INTL 5,990 5,315
    40 SHARES EMC CORP    
    270 SHARES JP MORGAN CHASE 11,582 11,453
    380 SHARES ORACLE CORP 9,226 11,894
    40 SHARES ROYAL BK CDA    
    115 SHARES TARGET CORP 5,593 6,915
    400 SHARES CMS ENERGY CORP 11,200 7,440
    424 SHARES ALCOA   6,526
    725 SHARES BANK OF AMERICA 11,639 9,672
    175 SHARES HEWLETT PACKARD 9,009 7,368
    50 SHARES KININKLIJKE PHILIPS    
    535 SHARES INTEL 11,307 11,251
    60 SHARES SIMS METAL    
    110 SHARES STAPLES 2,676 2,505
    5468.892 SHARES PARNASSUS FD 94,146 92,424
    70 SHARES ATWOOD OCEANICS 2,087 2,616
    200 SHARES NOBLE CORPORATION 8,634 7,154
    50 SHARES QEP RES INC 1,456 1,816
    425 SHARES SPECTRA ENERGY 8,687 10,621
    95 SHARES SUPERIOR ENERGY 2,422 3,324
    115 SHARES MINERALS TECHNOLOGIES 6,335 7,522
    145/OWENS ILL INC 4,439 4,452
    180 SEALED AIR CORP 3,779 4,581
    150/SONOCO PRODS CO 4,985 5,051
    165/EXPEDITORS INTL WASH 5,668 9,009
    50 SHARES GARDNER DEVER INC 2,111 3,441
    50 SHARES LINCOLN ELEC HLDGS 2,843 3,264
    350 SHARES POWERSHARES GLOBAL 6,052 4,886
    200 SHARES UNITED PARCEL SERVICE 13,307 14,516
    100 SHARES BEST BUY 4,410 3,429
    75 SHARES DECKERS OUTDOOR CORP 2,698 5,981
    85 SHARES HOME DEPOT 2,575 2,980
    75 SHARES JARDEN CORP 2,386 2,315
    100 SHARES JOHNSON CTLS 2,837 3,820
    145 SHARES LOWES COS 3,313 3,637
    175 SHARES MIDDLEBY CORP 8,297 14,774
    70 SHARES NORDSTROM 2,612 2,967
    80 SHARES PANERA BREAD 6,285 8,097
    80 SHARES STARBUCKS CORP 2,167 2,570
    130 SHARES TIMBERLAND CO 2,357 3,197
    120 SHARES TIME WARNER INC 3,480 3,860
    70 SHARES DIAMOND FOODS 2,729 3,723
    180 SHARES SYSCO CORP 5,040 5,292
    60 SHARES WHOLE FOODS 2,500 3,035
    365 SHARES ENDO PHARMACEUTICALS 7,458 13,034
    130 SHARES GLAXOSMITHKLINE 5,310 5,099
    245 SHARES HOLOGIC 3,748 4,611
    240 SHARES POWERSHARES ETF 4,030 5,254
    100 SHARES TEVA PHARMACEUTICAL 5,663 5,213
    60 SHARES WATERS CORP 3,613 4,663
    65 SHARES AFLAC 3,184 3,668
    100 SHARES AMERICAN EXPRESS 4,141 4,292
    160 SHARES BARCLAYS 3,069 2,643
    170 FIFTH THIRD BANCORP 2,402 2,496
    225 SHARES GENWORTH FINL 3,505 2,957
    100 SHARES HCC INS HLDS 2,815 2,894
    360 SHARES HORACE MANN EDUCATORS 5,270 6,494
    85 SHARES LINCOLN NATL 2,450 2,364
    255 SHARES PROGRESSIVE CORP 4,562 5,067
    255 SHARES WELLS FARGO & CO 7,106 7,902
    255 SHARES EMC CORP 4,610 5,839
    10 SHARES GOOGLE INC 5,677 5,940
    235 SHARES MICROSOFT CORP 7,236 6,559
    85 SHARES NETGEAR INC 2,145 2,863
    150 SHARES TEXAS INSTR 3,881 4,875
    45 SHARES ALLIANT CORP 1,574 1,655
    185 SHARES NV ENERGY 2,312 2,599
    55 SHARES ONEOK INC 2,628 3,051
    50 SHARES QUESTAR 704 871
    115 SHARES ATT 3,280 3,379

    TY 2010 InvestmentsOtherSchedule2
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DREYFUS GNMA FUND AT COST 49,653 58,101

    TY 2010 OtherProfessionalFeesSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 433 433    


    TY 2010 TaxesSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 129 129    
    FEDERAL EXCISE TAX 4,637 4,637