Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)511 ARMIJO ST NO A   Room/suite
City or town, state, and ZIP code
SANTA FE, NM87501
A Employer identification number

72-0520342
B Telephone number (see page 10 of the instructions)

(505) 986-0208
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$29,174,406J 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 2 2  
4 Dividends and interest from securities...... 793,053 793,053  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 394,550
b Gross sales price for all assets on line 6a 13,278,421
7 Capital gain net income (from Part IV, line 2)... 394,550
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)....... Click to see attachment 18,681 18,681  
12 Total. Add lines 1 through 11........ 1,206,286 1,206,286  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 204,704 102,352   102,352
14 Other employee salaries and wages...... 27,314 13,657   13,657
15 Pension plans, employee benefits....... 71,674 35,837   35,837
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 38,429 19,215   26,799
c Other professional fees (attach schedule).... Click to see attachment 6,342 3,171   3,604
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 40,045 20,952   10,683
19 Depreciation (attach schedule) and depletion... Click to see attachment 25,896 0  
20 Occupancy.............. 3,465 1,733   1,785
21 Travel, conferences, and meetings....... 25,701 12,851   12,851
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 234,062 155,661   68,530
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 677,632 365,429   276,098
25 Contributions, gifts, grants paid........ 1,912,124 1,912,124
26 Total expenses and disbursements. Add lines 24 and 25 2,589,756 365,429   2,188,222
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,383,470
b Net investment income (if negative, enter -0-) 840,857
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............... 500 500 500
2 Savings and temporary cash investments.......... 812,811 750,604 750,604
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) bullet24,538
Less: allowance for doubtful accounts bullet0 202,100 24,538 24,538
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 3,270 13,295 13,295
10a Investments—U.S. and state government obligations (attach schedule) 1,615,719 Click to see attachment1,498,562 1,498,562
b Investments—corporate stock (attach schedule)........ 24,129,379 Click to see attachment25,321,406 25,321,406
c Investments—corporate bonds (attach schedule)........ 921,794 Click to see attachment1,000,027 1,000,027
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 bullet945,521
Less: accumulated depreciation (attach schedule) bullet382,447 588,970 Click to see attachment563,074 563,074
15 Other assets (describe bullet) Click to see attachment2,400 Click to see attachment2,400 Click to see attachment2,400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,276,943 29,174,406 29,174,406
Liabilities 17 Accounts payable and accrued expenses.......... 25,744 20,841
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 attachment777 Click to see attachment719
23 Total liabilities (add lines 17 through 22).......... 26,521 21,560
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 28,250,422 29,152,846
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).................... 28,250,422 29,152,846
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 28,276,943 29,174,406
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 28,250,422
2 Enter amount from Part I, line 27a...................... 2 -1,383,470
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,285,894
4 Add lines 1, 2, and 3.......................... 4 29,152,846
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 29,152,846
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 MERRILL LYNCH P    
b MERRILL LYNCH P    
c MERRILL LYNCH P    
d MERRILL LYNCH P    
e CASH IN LIEU P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 4,248,146   3,506,597 741,549
b 2,118,740   2,462,258 -343,518
c 4,066,265   3,340,706 725,559
d 2,845,185   3,574,310 -729,125
e 85     85
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       741,549
b       -343,518
c       725,559
d       -729,125
e       85
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 2 394,550
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 1,811,902 24,644,807 0.073521
2008 2,268,282 31,085,484 0.072969
2007 2,943,689 38,891,529 0.075690
2006 2,608,790 37,492,330 0.069582
2005 2,718,801 37,144,014 0.073196
2 Total of line 1, column (d) ...................... 2 0.364958
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 0.072992
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 26,579,118
5 Multiply line 4 by line 3....................... 5 1,940,063
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,409
7 Add lines 5 and 6......................... 7 1,948,472
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,188,222
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 8,409
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 8,409
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 8,409
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 9,944
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,944
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 1,535
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,535 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)bulletNM, LA
    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 addressbulletWWW.FROSTFOUND.ORG
    14
    The books are in care ofbulletMARY AMELIA WHITED-HOWELL Telephone no.bullet (505) 986-0208
    Located atbullet511 ARMIJO ASANTA FENM ZIP+4bullet87501
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ANN ROGERS GERBER DIRECTOR
    0.50     		250 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    PHILIP B HOWELL EX VP/TREASURER/DIRECTOR
    40.00     		98,588 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    JOHN A LEVAN DIRECTOR
    0.50     		500 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    TAYLOR F MOORE SECRETARY/DIRECTOR
    0.50     		250 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    MARY AMELIA WHITED-HOWELL PRESIDENT/DIRECTOR
    40.00     		105,116 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    26,255,369
    b
    Average of monthly cash balances.......................
    1b
    728,507
    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
    26,983,876
    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
    26,983,876
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    404,758
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    26,579,118
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,328,956
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,328,956
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    8,409
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,409
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,320,547
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,320,547
    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
    1,320,547
    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
    2,188,222
    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
    2,188,222
    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
    8,409
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,179,813
    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 1,320,547
    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....... 964,842
    b From 2006....... 792,039
    c From 2007....... 1,068,697
    d From 2008....... 727,330
    e From 2009....... 590,818
    fTotal of lines 3a through e......... 4,143,726
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,188,222
    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..... 1,320,547
    e Remaining amount distributed out of corpus 867,675
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,011,401
    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) .............     		964,842
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		4,046,559
    10 Analysis of line 9:
    a Excess from 2006.... 792,039
    b Excess from 2007.... 1,068,697
    c Excess from 2008.... 727,330
    d Excess from 2009.... 590,818
    e Excess from 2010.... 867,675
    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:
    MARY AMELIA WHITED-HOWELL PRESIDENT
    511 ARMIJO STREET SUITE A
    SANTA FE,NM87501
    (505) 986-0208
    bThe form in which applications should be submitted and information and materials they should include:
    ONE PAGE SUMMARY INCLUDE NAME, ADDRESS, PHONE NUMBER, PROJECT OR EXECUTIVE DIRECTOR, AGE OF ORGANIZATION, DESCRIPTION OF NEED, DESCRIPTION OF OBJECTIVE OR GOAL, PROCEDURES USED FOR PLANNING & IMPLEMENTING.
    cAny submission deadlines:
    DECEMBER 1ST FOR MARCH BOARD MEETING JUNE 1ST FOR SEPTEMBER BOARD MEETING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADAPTIVE SKI PROGRAM
    1595 CAMINO LACANADA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 10,000
    ALLIANCE FOR THE EARTH
    PO BOX 8031
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 15,000
    AMERICAN CANCER SOCIETY
    10501 MONTGOMERY BLVDNESTE300
    ALBUQUERQUE,NM87111     		NONE 501(C)3 CAMP ENCHANTMENT PROGRAM 5,000
    ANIMAL PROTECTION OF NM
    PO BOX 11395
    ALBUQUERQUE,NM87192     		NONE 501(C)3 NEW MEXICO EQUINE PROTECTION PROGRAM 10,000
    ANIMAL WELFARE COALITION OF NE NM
    PO BOX 524
    LAS VEGAS,NM87701     		NONE 501(C)3 VEHICLE FOR ADOPTION/TRANSPORT PROGRAM 25,000
    ASSISTANCE DOGS OF THE WEST
    PO BOX 31027
    SANTA FE,NM87594     		NONE 501(C)3 STUDENT TRAINER PROGRAM 10,000
    BARD EARLY COLLEGE
    1433 EUTERPEST
    NEW ORLEANS,LA70130     		NONE 501(C)3 BARD EARLY COLLEGE IN NEW ORLEANS PROGRAM 12,000
    BOY'S HOPE GIRL'S HOPE
    PO BOX 4414
    BATON ROUGE,LA70821     		NONE 501(C)3 BOY'S HOPE GIRL'S HOPE PROGRAM 15,000
    BOY'S TOWN LOUISIANA
    700 FRENCHMEN STREET
    NEW ORLEANS,LA70116     		NONE 501(C)3 IN HOME FAMILY SERVICES PROJECT 15,000
    BREAK THROUGH NEW ORLEANS
    1903 JEFFERSON AVENUE
    NEW ORLEANS,LA70115     		NONE 501(C)3 STUDENTS TEACHING STUDENTS PROGRAM 7,000
    CG JUNG INSTITUTE
    106 CALLE PAULA
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 18,000
    CANONES EARLY CHILDHOOD CENTER
    PO BOX 55
    CANONES,NM87516     		NONE 501(C)3 PROJECT LITERACY OUTREACH 15,000
    CARNEGIE PUBLIC LIBRARY
    PO BOX 280
    CLARKSDALE,MS38614     		NONE 501(C)3 OPERATING 2,000
    CITY OF SANTA FE
    200 LINCOLN AVE PO BOX 909
    SANTA FE,NM87504     		NONE 501(C)3 CRIME PREVENTION UNIT PROGRAM 25,000
    COMMUNITY AGAINST VIOLENCE
    PO BOX 169
    TAOS,NM87571     		NONE 501(C)3 DOMESTIC VIOLENCE/SEXUAL ABUSE CHILD COUNSELING ART THERAPY PROGRAM 10,000
    COMMUNITY RENEWAL INTERNATIONAL
    PO BOX 4678
    SHREVEPORT,LA71134     		NONE 501(C)3 COMMUNITY RENEWAL INITIATIVES PROGRAM 25,000
    DESERT ACADEMY
    313 CAMINO ALIRE
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 32,000
    DOMESTIC VIOLENCE RESOURCE CENTER
    625 SILVER SW 185
    ALBUQUERQUE,NM87102     		NONE 501(C)3 CHILD WITNESS GROUP PROGRAM 15,000
    DRAGONFLY SUMMER SCHOLARSHIP PROGRAM
    935 ALTO STREET
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 10,000
    E J MARTINEZ ELEMENTARY SCHOOL
    401 W SAN MATEO ROAD
    SANTA FE,NM87505     		NONE 501(C)3 PHYSICAL EDUCATION PROGRAM 3,000
    EL CASTILLO RETIREMENT RESIDENCY
    250 EAST ALAMEDA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 2,000
    EL RANCHO DE LAS GOLONDRINAS
    334 LOS PINOS RD
    SANTA FE,NM87507     		NONE 501(C)3 OPERATING 1,000
    EMBUDO VALLEY TUTORING ASSOC
    PO BOX 358
    DIXON,NM87527     		NONE 501(C)3 FREE TURORING PROGRAM FOR CHILDREN OF THE EMBUDO VALLEY PROGRAM 6,000
    ENLACE COMMUNITARIO
    2425 ALAMO DR SE
    ALBUQUERQUE,NM87106     		NONE 501(C)3 CIVIL LEGAL ASSISTANCE TO SPANISH SPEAKING VICTIMS OF DOMESTIC VIOLENCE 20,000
    ESPANOLA ANIMAL SHELTER
    108 HAMM PARKWAY
    ESPANOLA,NM87532     		NONE 501(C)3 OPERATING 15,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    3018 OLD MINDER ROAD
    BOSSIER CITY,LA71112     		NONE 501(C)3 OPERATING 1,500
    FOOD FOR SANTA FE
    PO BOX 31086
    SANTA FE,NM87594     		NONE 501(C)3 FEEDING THE HUNGRY OF SANTA FE PROGRAM 10,000
    FORENSIC NURSE EXAMINERS
    PO BOX 44466
    SHREVEPORT,LA71134     		NONE 501(C)3 SAFE PROGRAM 15,000
    FRIENDS OF THE ABQ PUBLIC LIBRARY
    501 COPPER STREET
    ALBUQUERQUE,NM87102     		NONE 501(C)3 OPERATING 3,000
    GERARD'S HOUSE
    PO BOX 28693
    SANTA FE,NM87592     		NONE 501(C)3 GIRLS SUPPORT SERVICEES FOR FOSTER ADOPTIVE CHILDREN PROGRAM 15,000
    WAY MAKER MINISTRIES
    804 1ST AVE
    HARVEY,LA70058     		NONE 501(C)3 EACH ONE HELP ONE PROJECT 15,000
    IMPACT PERSONAL SAFETY
    PO BOX 8350
    SANTA FE,NM87504     		NONE 501(C)3 PREPARE:KEEPING OUR CHILDREN SAFE PROGRAM 6,000
    KINDRED SPIRITS
    3749 A STATE HIGHWAY 14
    SANTA FE,NM87508     		NONE 501(C)3 OPERATING 10,000
    KITCHEN ANGELS
    1222 SILER ROAD
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 20,000
    LA PLAZA DE ENCENTRO GATHERING PLACE
    714 4TH ST SW
    ALBUQUERQUE,NM87102     		NONE 501(C)3 LATINO FAMILY STRENGTHENING & LEADERSHIP DEV. CLASSES PROGRAM 10,000
    LAS CUMBRES LEARNING SERVICES
    PO BOX 1362
    ESPANOLA,NM87532     		NONE 501(C)3 COMMUNITY INFANT PROG/FOCUS ON FATHERS PROGRAM 15,000
    LITERACY VOLUNTEERS OF SANTA FE
    6401 RICHARDS AVE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 10,000
    LOUISIANA ASSOC OF NONPROFIT ORGS
    PO BOX 66558
    BATON ROUGE,LA70896     		NONE 501(C)3 COMMUNITY COACHES PROGRAM 20,000
    LSU FOUNDATION
    3838 WEST LAKESHORE DRIVE
    BATON ROUGE,LA70808     		NONE 501(C)3 POVERTY CTR. INITIATIVE PROGRAM 25,000
    LUTHERAN SOCIAL SERVICES OF SOUTH
    4430 BUNDY ROAD
    NEW ORLEANS,LA70127     		NONE 501(C)3 BEREAL PROJECT 15,000
    NEW MEXICO APPLESEED
    600 CENTRAL AVE SE
    ALBUQUERQUE,NM87100     		NONE 501(C)3 FULL STOMACHS - FULL MINDS PROJECT 15,000
    NEW MEXICO HISTORY MUSEUM
    PO BOX 2065
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 71,430
    NEW VISTAS EARLY CHILDHOOD PROGRAM
    1205 PARKWAY DR STE A
    SANTA FE,NM87507     		NONE 501(C)3 EARLY INTERVENTION PROGRAM 15,000
    NM CANCER CENTER
    4901 LANS AVE NE
    ALBUQUERQUE,NM87109     		NONE 501(C)3 PATIENT ASSISTANCE GRANT PROGRAM 3,000
    NM CHILD ADVOCACY NETWORKS
    707 BROADWAY NE 101
    ALBUQUERQUE,NM87102     		NONE 501(C)3 YOUTH POWER UP! NEW MEXICO PROJECT 28,000
    OPEN HANDS
    2976 RODEO PARK DRIVE EAST
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 21,000
    OUTSIDE IN
    PO BOX 5714
    SANTA FE,NM87502     		NONE 501(C)3 YOUTH WITH PROMISE PROJECT 22,000
    PARTNERS IN EDUCATION
    PO BOX 23374
    SANTA FE,NM87502     		NONE 501(C)3 ART WORKS PROGRAM 10,000
    PLANNED PARENTHOOD OF NM
    719 SAN MATEO NE
    ALBUQUERQUE,NM87108     		NONE 501(C)3 GENERAL OPERATIONAL SUPPORT PROGRAM 20,000
    PROVIDENCE HOUSE
    814 COLTON
    SHREVEPORT,LA71101     		NONE 501(C)3 OPERATING 25,000
    RAILYARD STEWARDS
    1600 LENA ST STEC
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 10,000
    RIO GRANDE SCHOOL
    715 CAMINO CABRA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 102,500
    SANTA FE COMMUNITY FOUNDATION
    PO BOX 1827
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 15,300
    SANTA FE GIRLS SCHOOL
    310 W ZIA ROAD
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 10,000
    SOLACE CRISIS TREATMENT CENTER
    6601 VALENTINE WAY
    SANTA FE,NM87507     		NONE 501(C)3 OPERATING 2,000
    SECOND HARVEST FOOD
    700 EDWARDS AVE
    NEW ORLEANS,LA70123     		NONE 501(C)3 GENERAL OPERATING SUPPORT PROGRAM 25,000
    SITE SANTA FE
    1606 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 VISUAL THINKING STRATEGIES PROGRAM 5,000
    SOUTHWEST CREATIONS COLLABORATIVE
    1308 4TH ST NW
    ALBUQUERQUE,NM87102     		NONE 501(C)3 BUENA FE EXPANSION PROJECT 15,000
    ST ELIZABETH SHELTER
    804 ALARID ST
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 105,000
    ST VINCENT HOSPITAL FOUNDATION
    455 ST MICHAELS DRIVE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 50,000
    SUSAN'S LEGACY
    6721 ACADEMY RD NE ST A
    ALBUQUERQUE,NM87109     		NONE 501(C)3 SURVIVING TO THRIVING EXPANDING PROGRAMS - WOMEN'S NEEDS 15,000
    THE FULLER CENTER FOR HOUSING OF NW LA
    PO BOX 3173
    SHREVEPORT,LA71133     		NONE 501(C)3 HOME OWNERSHIP CLOSING PROJECT & GREATER BLESSING PROJECT 30,000
    THE GLEN RETIREMENT SYSTEM
    403 EAST FLOURNAY LUCAS RD
    SHREVEPORT,LA71115     		NONE 501(C)3 OPERATING 6,000
    THE HOPI SCHOOL INC
    PO BOX 56
    HOTEVILLA,AZ860300056     		NONE 501(C)3 OPERATING 1,000
    THE HOSPICE CENTER
    1400 CHAMA STREET
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 1,000
    THE HOTCHKISS SCHOOL
    11 INTERLAKER SCHOOL
    LAKERVILLE,CT060390800     		NONE 501(C)3 OPERATING 500
    THE NHP FOUNDATION
    2080 N LODBELL AVE 3209
    BATON ROUGE,LA70806     		NONE 501(C)3 PATHWAY TO SELL SUFFICIENCY PROGRAM 15,000
    THE WILDLIFE CENTER
    PO BOX 246
    ESPANOLA,NM87532     		NONE 501(C)3 RIVER CLASSROOM PROGRAM 20,000
    THINK NEW MEXICO
    1227 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 2010 INITIATIVES PROGRAM 25,000
    TIBETAN ASSOC OF SANTA FE
    915 HICKOX STREET
    SANTA FE,NM87503     		NONE 501(C)3 HONOR GRANT 20,000
    TIERRA DEL SOL HOUSING CORP
    PO BOX 2626
    ANTHONY,NM88021     		NONE 501(C)3 ADULT EDUCATION TRAINING PROGRAM 15,000
    TRUST FOR PUBLIC LAND NM
    1600 LENA ST STE C
    SANTA FE,NM87505     		NONE 501(C)3 MULT-YR. GRANT-PARK PLAZA PROJECTS 50,000
    TULANE UNIV HOSPITAL & CLINIC
    1440 CANAL STREET SL29 STE 2310
    NEW ORLEANS,LA70112     		NONE 501(C)3 MULT-YR. GRANT 515,000
    VIETNAM PROJECT
    60 RAVENS RIDGE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 1,000
    VILLA TERESE CLINIC
    219 CATHEDRAL PLACE
    SANTA FE,NM87501     		NONE 501(C)3 HEALTHCARE/IMMUNIZATION FOR CHILDREN PROJECT 15,000
    VOLUNTEER OF AMERICA NORTH LOUISIANA
    360 JORDAN STREET
    SHREVEPORT,LA71101     		NONE 501(C)3 OPERATING 2,500
    VOLUNTEERS OF NORTH LOUISIANA
    360 JORDAN STREET
    SHREVEPORT,LA71101     		NONE 501(C)3 LIGHTHOUSE PROJECT 25,000
    WAREHOUSE 21
    1614 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 REEL FATHERS PROGRAM 10,000
    WOMEN'S HEALTH SERVICES
    901 WEST ALAMEDA STE 25
    SANTA FE,NM87501     		NONE 501(C)3 OUTREACH EDUCATION HLTH PROGRAM/VOICES OF GIRLS PROGRAM 41,000
    YALE ALUMNI FUND
    265 CHURCH STREET
    NEW HAVEN,CT065081890     		NONE 501(C)3 OPERATING 500
    VARIOUS
    511 ARMIJO ST
    SANTA FE,NM87504     		NONE 501(C)3 FUND RAISING EVENTS 19,894
    Total .................................bullet 3a 1,912,124
    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 2  
    4 Dividends and interest from securities....     14 793,053  
    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.....     14 18,681  
    8Gain or (loss) from sales of assets other than inventory     18 394,550  
    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 1,206,286 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,206,286
    (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.
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    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 38,429 19,215   26,799

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    TY 2010 DepreciationSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 1998-06-01 601,725 197,383 SL 39.000000000000 15,429 0    
    FURNITURE & FIXTURES 1998-06-01 14,425 14,425 SL 7.000000000000 0 0    
    BRUNO ADVERTISING - SIGN 2001-04-11 1,234 1,234 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2002-10-03 15,535 15,535 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2002-11-26 26,963 26,963 SL 7.000000000000 0 0    
    TWICE PREFERRED 2002-11-26 4,000 4,000 SL 7.000000000000 0 0    
    IRRIGATION 2002-09-09 2,441 2,441 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-02-04 9,842 9,725 SL 7.000000000000 117 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-02-11 2,282 2,255 SL 7.000000000000 27 0    
    LOE ALARM - PHONE SYSTEM 2003-02-21 3,450 3,369 SL 7.000000000000 81 0    
    DELL COMPUTERS 2003-02-25 2,667 2,667 SL 5.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-03-04 2,360 2,303 SL 7.000000000000 57 0    
    HART GALLERIES - RUG & FURNISHINGS 2003-03-06 4,950 4,831 SL 7.000000000000 119 0    
    DELL COMPUTERS 2003-03-21 904 904 SL 5.000000000000 0 0    
    DESK & CHAIR 2003-04-01 2,511 2,423 SL 7.000000000000 88 0    
    DELL COMPUTER 2003-05-20 1,542 1,542 SL 5.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-06-19 1,267 1,177 SL 7.000000000000 90 0    
    FRAMES - FRAME OF MIND 2003-06-25 13,182 12,240 SL 7.000000000000 942 0    
    COMPUTER & SERVER 2003-05-13 1,488 1,488 SL 5.000000000000 0 0    
    FURNITURE & FIXTURES 1998-06-01 15,800 15,800 SL 7.000000000000 0 0    
    COMPUTER 2004-03-17 1,716 1,716 SL 5.000000000000 0 0    
    COPIER 2004-03-11 2,048 2,048 SL 5.000000000000 0 0    
    OUTSIDE LIGHTS 2004-08-20 11,114 8,470 SL 7.000000000000 1,588 0    
    FRAMES - FRAME OF MIND 2005-02-14 2,792 1,961 SL 7.000000000000 399 0    
    FRAMES - FRAME OF MIND 2005-03-07 2,092 1,445 SL 7.000000000000 299 0    
    OFFICE FURNITURE 2005-05-11 5,065 3,378 SL 7.000000000000 724 0    
    ASIAN ADOBE-LAMPSHADE, PORCELAIN BOWLS 2005-05-31 912 596 SL 7.000000000000 130 0    
    BUILDING IMPROVEMENTS 2005-06-30 20,525 2,367 SL 39.000000000000 526 0    
    LAMPS 2005-11-18 1,259 734 SL 7.000000000000 180 0    
    BUILDING IMPROVEMENTS 2007-09-01 162,986 9,751 SL 39.000000000000 4,179 0    
    WATER SYSTEM 2008-07-02 6,444 1,380 SL 7.000000000000 921 0    

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,000,027 1,000,027

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 25,321,406 25,321,406

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    US Government Securities - End of Year Book Value:

    1,498,562
    US Government Securities - End of Year Fair Market Value:

    1,498,562
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 LandEtcSchedule2
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 601,725 212,812 388,913 0
    FURNITURE & FIXTURES 14,425 14,425   0
    BRUNO ADVERTISING - SIGN 1,234 1,234   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 15,535 15,535   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 26,963 26,963   0
    TWICE PREFERRED 4,000 4,000   0
    IRRIGATION 2,441 2,441   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 9,842 9,842   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2,282 2,282   0
    LOE ALARM - PHONE SYSTEM 3,450 3,450   0
    DELL COMPUTERS 2,667 2,667   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2,360 2,360   0
    HART GALLERIES - RUG & FURNISHINGS 4,950 4,950   0
    DELL COMPUTERS 904 904   0
    DESK & CHAIR 2,511 2,511   0
    DELL COMPUTER 1,542 1,542   0
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 1,267 1,267   0
    FRAMES - FRAME OF MIND 13,182 13,182   0
    COMPUTER & SERVER 1,488 1,488   0
    FURNITURE & FIXTURES 15,800 15,800   0
    COMPUTER 1,716 1,716   0
    COPIER 2,048 2,048   0
    OUTSIDE LIGHTS 11,114 10,058 1,056 0
    FRAMES - FRAME OF MIND 2,792 2,360 432 0
    FRAMES - FRAME OF MIND 2,092 1,744 348 0
    OFFICE FURNITURE 5,065 4,102 963 0
    ASIAN ADOBE-LAMPSHADE, PORCELAIN BOWLS 912 726 186 0
    BUILDING IMPROVEMENTS 20,525 2,893 17,632 0
    LAMPS 1,259 914 345 0
    BUILDING IMPROVEMENTS 162,986 13,930 149,056 0
    WATER SYSTEM 6,444 2,301 4,143 0


    TY 2010 OtherAssetsSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 2,400 2,400 2,400


    TY 2010 OtherExpensesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REPAIRS & MAINTENANCE 30,996 15,498   14,642
    BIENNIAL REPORT 42,694 0   34,195
    INSURANCE 8,150 4,075   4,075
    OFFICE EXPENSE 7,524 3,761   3,814
    POSTAGE/SHIPPING 2,136 1,068   789
    JANITORIAL 3,425 1,712   1,598
    COMPOUND FEES 3,578 1,789   1,789
    SECURITY 1,165 582   582
    DUES & SUBSCRIPTIONS 9,963 4,982   4,981
    TELEPHONE 4,473 2,236   2,065
    INVESTMENT FEES 119,958 119,958   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTY 14,542 14,542 14,542
    CLASS ACTION SETTLEMENT 4,139 4,139 4,139


    TY 2010 OtherIncreasesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Amount
    UNREALIZED GAIN (LOSS) 2,285,894


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 777 719


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER & OTHERS 5,149 2,574   2,511
    PENSION ADMIN 1,193 597   1,093


    TY 2010 TaxesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 17,771 8,885   8,885
    FEDERAL EXCISE TAX 8,409 0   0
    OTHER TAXES 1,798 0   1,798
    FOREIGN TAXES 12,067 12,067   0