Form990-PF
Click to see list of attachments

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 HARVEST FOUNDATION OF THE PIEDMONT
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5183   Room/suite
City or town, state, and ZIP code
MARTINSVILLE, VA24115
A Employer identification number

31-1496872
B Telephone number (see page 10 of the instructions)

(276) 632-3329
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$197,423,572J 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 14,608 14,608  
4 Dividends and interest from securities...... 4,459,845 4,459,845  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,689,064
b Gross sales price for all assets on line 6a 48,844,812
7 Capital gain net income (from Part IV, line 2)... 8,689,064
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 661,310 661,310 9,435
12 Total. Add lines 1 through 11........ 13,824,827 13,824,827 9,435
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 169,692 16,969   158,247
14 Other employee salaries and wages...... 392,872 17,148   378,912
15 Pension plans, employee benefits....... 76,719 4,798   71,921
16a Legal fees (attach schedule)......... Click to see attachment 17,289 1,729   14,255
b Accounting fees (attach schedule)....... Click to see attachment 10,365 5,183   4,135
c Other professional fees (attach schedule).... Click to see attachment 1,609,896 1,409,253   186,653
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 40,764 2,227   38,537
19 Depreciation (attach schedule) and depletion... Click to see attachment 41,332    
20 Occupancy.............. 26,900 2,690   24,210
21 Travel, conferences, and meetings....... 47,533 4,753   43,635
22 Printing and publications.......... 3,791 379   3,338
23 Other expenses (attach schedule)....... Click to see list of attachments 217,051 7,645   206,635
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,654,204 1,472,774   1,130,478
25 Contributions, gifts, grants paid........ -5,413,012 7,579,478
26 Total expenses and disbursements. Add lines 24 and 25 -2,758,808 1,472,774   8,709,956
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,583,635
b Net investment income (if negative, enter -0-) 12,352,053
c Adjusted net income (if negative, enter -0-)... 9,435
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............... 47,243 193,434 193,434
2 Savings and temporary cash investments.......... 24,314,396 777,844 777,844
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   15,812    
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) bullet340,000
Less: allowance for doubtful accounts bullet   340,000 Click to see attachment340,000 340,000
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 12,823 12,432 12,432
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 12,709,782 Click to see attachment15,605,089 15,605,089
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   184,103    
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 147,380,533 Click to see attachment180,350,521 180,350,521
14 Land, buildings, and equipment: basis bullet283,032
Less: accumulated depreciation (attach schedule) bullet170,228 129,208 Click to see attachment112,804 112,804
15 Other assets (describe bullet) Click to see attachment12,786 Click to see attachment31,448 Click to see attachment31,448
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 185,146,686 197,423,572 197,423,572
Liabilities 17 Accounts payable and accrued expenses.......... 116,671 122,404
18 Grants payable................... 20,623,433 7,630,943
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 attachment850,963 Click to see attachment770,317
23 Total liabilities (add lines 17 through 22).......... 21,591,067 8,523,664
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 163,555,619 188,899,908
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).................... 163,555,619 188,899,908
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 185,146,686 197,423,572
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)............... 1 163,555,619
2 Enter amount from Part I, line 27a...................... 2 16,583,635
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 8,956,008
4 Add lines 1, 2, and 3.......................... 4 189,095,262
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 195,354
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 188,899,908
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 8,689,064
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 8,658,294 164,751,432 0.05255
2008      
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.05255
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 0.05255
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 183,139,045
5 Multiply line 4 by line 3....................... 5 9,624,689
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 123,521
7 Add lines 5 and 6......................... 7 9,748,210
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,709,956
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 1 247,041
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............................ 3 247,041
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- ..... 5 247,041
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 228,199
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 100,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 328,199
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 81,158
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet81,158 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
Yes
 
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
 
No
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)bulletVA
    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.THEHARVESTFOUNDATION.ORG
    14
    The books are in care ofbulletALLYSON ROTHROCK Telephone no.bullet (276) 632-3329
    Located atbullet1 ELLSWORTH STREETMARTINSVILLEVA ZIP+4bullet24112
    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
    Yes
     
    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 bulletOC
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    MARTHA W MEDLEY BOARD MEMBER
    0.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    E LARRY RYDER Chairman
    0.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    EUGENE C MADONIA MD BOARD MEMEBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    AMY P LAMPE BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    CYNTHIA INGRAM EdD BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    W D PRINCE III MD Board Member
    2.00     		0    
    1 ELLSWORTH ST
    MARTINSVILLE,VA24112
    JAMES W MUEHLECK DDS BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    GRACIE R AGNEW Secretary
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    VIRGINIA W HAMLET BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    PAUL R EASON MD BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    LEANNA B BLEVINS PhD BOARD MEMBER
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    JAMES MCCLAIN II VICE CHAIRMAN
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    ALLYSON ROTHROCK President
    40.00     		149,744 19,948  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    W CHRISTOPHER BEELER Treasurer
    2.00     		0    
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    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
    CHRISTINA REEDClick to see attachment CONTROLLER
    40.00     		43,870 12,018  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    ELOISE WADEClick to see attachment EXECUTIVE ASSISTAN
    40.00     		47,250 12,537  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    NANCY J COXClick to see attachment PROGRAM OFFICER
    40.00     		83,850 12,167  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    JEFFERY W MANSOUR-BRUDERERClick to see attachment PROGRAM OFFICER
    40.00     		95,275 15,318  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    ANGELA LOGANClick to see attachment PROGRAM OFFICER
    40.00     		76,500 13,277  
    1 ELLSWORTH STREET
    MARTINSVILLE,VA24112
    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
    STATE STREET BANK AND TRUST COMPANY INVESTMENT CONSULTIN 54,367
    125 SUNNYNOLL COURT SUITE 200
    WINSTON SALEM,NC27106
    COLONIAL CONSULTING CORPORATION INVESTMENT CONSULTIN 152,211
    750 THIRD AVE
    NEW YORK,NY100172703
    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 SUPPORT OF K-12 EDUCATION INITIATIVES IN MARTINSVILLE AND HENRY COUNTY THROUGH TECHNICAL ASSISTENCE AND EVALUATION FOR THE GRANTS AWARDED TO HENRY COUNTY PUBLIC SCHOOLS, MARTINVILLE CITY SCHOOLS AND THE CARLISLE SCHOOL. 103,130
    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...........................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
    178,747,690
    b
    Average of monthly cash balances.......................
    1b
    7,180,274
    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
    185,927,964
    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
     
    3
    Subtract line 2 from line 1d..........................
    3
    185,927,964
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    2,788,919
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    183,139,045
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    9,156,952
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    9,156,952
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    247,041
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    247,041
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,909,911
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    8,909,911
    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
    8,909,911
    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
    8,709,956
    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
    8,709,956
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    8,709,956
    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 8,909,911
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 482,246
    fTotal of lines 3a through e......... 482,246
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 8,709,956
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 8,709,956
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010. 199,955 199,955
    (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 5 282,291
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		282,291
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 282,291
    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:
    HARVEST FOUNDATION OF THE PIEDMONT
    1 ELLSWORTH ST
    MARTINSVILLE,VA24112
    (276) 632-3329
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD FIRST FILL OUT A PROGRAM SUMMARY. THIS CAN BE SUBMITTED ON-LINE AT WWW.THEHARVESTFOUNDATION.ORG. AS APPROPRIATE, THE PROGRAM STAFF WILL INVITE APPLICANT ORGANIZATIONS TO SUBMIT A FULL PROPOSAL.
    cAny submission deadlines:
    NO SPECIFIC DEADLINES FOR DOCUMENT SUBMISSION.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATION MUST BE CLASSIFIED AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.ORGANIZATIONS WITH OTHER 501(C)(4) AND 501(C)(6) TAX STATUS MAY BE CONSIDERED AT THE DISCRETION OF THE FOUNDATION AND BASED ON THE CHARITABLE INTENT OF THE PROPOSAL.ORGANIZATION MUST BE LOCATED WITHIN, OR HAVE ITS PROGRAM FOCUSED WITHIN, MARTINSVILLE OR HENRY COUNTY VIRGINIA AND BE PROPOSING A PROGRAM WITHIN ONE OF THE FOUNDATION'S THREE FOCUS AREAS OF HEALTH, EDUCATION, AND COMMUNITY VITALITY.
    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
    new college foundation
    29 Jones St
    martinsville,VA24112     		N/A 501(c)(3) to provide funding for a summer internship program 27,000
    United Way of Henry Co and MartinsviLLE
    134 East Church Street Lower Level
    MARTINSVILLE,VA24114     		N/A 501(c)(3) to the HOPE Initiative for the development and implementation of a Financial Stability Council. 38,280
    Piedmont Virginia Dental Health Foundati
    407 Starling Avenue
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to partially fund the full-time dentist program of the Community Dental Clinic. 102,660
    New College Foundation
    29 Jones St
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to support existing, as well as proposed, academic programs offered by NCI. 769,554
    Martinsville-Henry Co Economic Develop
    134 East Church Street Suite 200
    Martinsville,VA24114     		N/A 501(c)(3) for the Phoenix Community Development Corporation - to fund pre-development work related to potential real estate projects in uptown 62,375
    Martinsville-HC Coalition for Health & W
    22 EAST CHURCH STREET
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to the Coalition for Health and Wellness for an operational bridge grant for program planning to determine future directions in response to the five-year Coalition evaluation and the Community Health Assessment. 583,000
    MARTINSVILLE CITY SCHOOLS
    746 Indian Trail
    MARTINSVILLE,VA24112     		N/A GOVT ENT for the K-12 Initiative Phase II aimed at increasing student Advanced standardized test scores, increasing AP student enrollment, and to provide professional development for teachers and administrators. 70,000
    HENRY COUNTY
    P O Box 7 3300 Kings Mountain RD
    COLLINSVILLE,VA24078     		N/A GOVT ENT to Henry County Public Schools for the K-12 Initiative Phase II aimed at increasing student Advanced scores on SOLs, increasing AP student enrollment, and to provide professional development for teachers and administrators. 255,000
    HENRY COUNTY
    P O Box 7 3300 Kings Mountain RD
    Collinsville,VA24078     		N/A GOVT ENT for the Commonwealth Crossing Business Centre Water and Sewer Infrastructure 430,000
    CITY OF MARTINSVILLE
    PO Box 1112 55 W Church Street
    MARTINSVILLE,VA24114     		N/A GOVT ENT to fund pre-development work related to potential real estate projects in uptown 299,404
    City of Martinsville
    PO Box 1112 55 W Church Street
    martinsville,VA24114     		N/A GOVT ENT for the Uptown Master Plan Implementation 327,479
    City of Martinsville
    PO Box 1112 55 W Church Street
    MARTINSVILLE,VA24114     		N/A GOVT ENT Continuation of operational support for Smith River Sports Complex over three years 342,203
    Carlisle School
    P O Box 5388
    MARTINSVILLE,VA24115     		N/A 501(c)(3) To continue its work related with the international Baccalaureate curriculum and the use of Differentiated Instruction 25,000
    United Way of HC and Martinsville
    134 East Church Street Lower Level
    MARTINSVILLE,VA24114     		N/A 501(c)(3) to support The Starting Place, a one-stop resource center for families, children, and child care providers located at Liberty Fair Mall 134,350
    City of Martinsville
    PO Box 1112 55 W Church Street
    MARTINSVILLE,VA24114     		N/A GOVT ENT for operational support of the Smith River Sports Complex. 206,167
    Southside Business Technology Center Inc
    22 E Church Street Suite 300
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to assist in services to local businesses for employment retention and creation in Martinsville & Henry County 125,000
    PIEDMONT COMMUNITY SERVICES
    24 CLAY STREET
    MARTINSVILLE,VA24112     		N/A 501(c)(3) REFUND OF GRANT MONIES NOT SPENT -3,637
    Piedmont Arts Association
    215 STARLING AVENUE
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to fund the development of an uptown theatrical venue and for program expansion 60,000
    MARC Workshop Inc
    PO BOX 3749 1005 JORDAN ST
    MARTINSVILLE,VA24115     		N/A 501(c)(3) to start-up a mobile employment program for disabled adults, creating competitive, minimum wage jobs for special education students graduating out of the public school system 75,242
    Virginia Museum of Natural History Found
    21 STARLING AVE
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to Establish a Children & Nature Network and environmental education laboratory at VMNH that will serve as a clearing house for environmental information/nature-based learning, use nature as a way to stimulate learning and develop opportunities. 63,773
    Martinsville-Henry Co Economic Develop
    134 East Church Street Suite 200
    MARTINSVILLE,VA24114     		N/A 501(c)(3) to the MHC Revitalization Initiative to implement a community development and revitalization initiative focused on Uptown and other key MHC sites through the establishment of a community development corporation (CDC). 180,615
    Spencer Penn School Preservation Org
    475 Spencer Penn Road P O Box 506
    SPENCER,VA24165     		N/A 501(c)(3) to fund the Spencer-Penn Outreach and Sustainability Project. This project will help establish Spencer-Penn as a regional host for high quality cultural programming serving all of Henry County and providing the organization with a continued stream of revenue. SPSPO will also enhance programming aimed at reaching out to senior citizens throughout western Henry 24,340
    HENRY COUNTY PUBLIC SCHOOLS
    PO BOX 728
    COLLINSVILLE,VA24078     		N/A 501(c)(3) The Piedmont Governor's School for Mathematics, Science & Technology to be used to participate in the FIRST Robotics competition 5,000
    New College Foundation
    29 Jones St
    MARTINSVILLE,VA24112     		N/A 501(c)(3) To match funds appropriated by the State of VA General Assembly to support existing, as well as proposed, academic programs offered by NCI 624,830
    Dan River Basin Association
    413 Church Street Suite 401
    EDEN,NC27288     		N/A 501(c)(3) to fund the Community Connections: Rivers & Trails Phase Two in Martinsville & Henry County 241,400
    County of Henry
    P O Box 7 3300 KINGS MOUNTAIN RD
    COLLINSVILLE,VA24078     		N/A 501(c)(3) Historic Henry County Courthouse Stabilization Project to match federal funds awarded to the Henry County Historical Society for the stabilization of the historic Henry County Courthouse. 46,534
    Community Foundation Of Western Virginia
    27 West Church Avenue
    ROANOKE,VA24011     		N/A 501(c)(3) to increase the capacity of the organization. 25,000
    Martinsville-Henry Co Economic Develop
    134 East Church Street Suite 200
    MARTINSVILLE,VA24114     		N/A 501(c)(3) a continuation of its previous awarded economic development grant. Additional funding from The Harvest Foundation is contingent upon Martinsville City, Henry County, and CPEG continuing their current commitment to the area's economic development in the future. 975,000
    Martinsville-HC Coalition for Health & W
    22 East Church Street
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to launch the Activate Martinsville/Henry County initiative to create a healthier, safer, and more active community. 155,399
    New College Foundation
    29 Jones St
    martinsville,VA24112     		N/A 501(c)(3) To match funds appropriated by the State of VA General Assembly to support existing, as well as proposed, academic programs offered by NCI 377,320
    Martinsville-HC Coalition for Health & W
    22 EAST CHURCH STREET
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to launch a new community-wide health and wellness initiative to health education and care for the uninsured in the Martinsville region. 931,190
    Total .................................bullet 3a 7,579,478
    bApproved for future payment
    United Way of Henry Co and MartinsviLLE
    134 East Church Street Lower Level
    MARTINSVILLE,VA24114     		N/A 501(c)(3) to the HOPE Initiative for the development and implementation of a Financial Stability Council. 141,566
    Rector & Visitors -The Univ Of VIRGINIA
    2400 Old Ivy Road
    Charlottesville,VA22904     		N/A 501(c)(3) to the Weldon Cooper Center for Public Service at the University of Virginia for Enhancing Arts, Culture, and Humanities and Improving Cooperation in Southern Virginia 150,000
    New College Foundation
    29 Jones St
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to support existing, as well as proposed, academic programs offered by NCI. 2,308,661
    Martinsville-Henry County Economic Devel
    134 East Church Street Suite 200
    Martinsville,VA24114     		N/A 501(c)(3) for the Phoenix Community Development Corporation - to fund pre-development work related to potential real estate projects in uptown 187,125
    Martinsville-HC Coalition for Health & W
    22 East Church Street
    MARTINSVILLE,VA24112     		N/A 501(c)(3) to the Coalition for Health and Wellness for an operational bridge grant for program planning to determine future directions in response to the five-year Coalition evaluation and the Community Health Assessment. 583,000
    MARTINSVILLE CITY SCHOOLS
    746 Indian Trail
    MARTINSVILLE,VA24112     		N/A GOVT ENT for the K-12 Initiative Phase II aimed at increasing student Advanced standardized test scores, increasing AP student enrollment, and to provide professional development for teachers and administrators. 350,000
    HENRY COUNTY
    P O Box 7 3300 Kings Mountain RD
    COLLINSVILLE,VA24078     		N/A GOVT ENT to Henry County Public Schools for the K-12 Initiative Phase II aimed at increasing student Advanced scores on SOLs, increasing AP student enrollment, and to provide professional development for teachers and administrators. 1,275,000
    HENRY COUNTY
    P O Box 7 3300 Kings Mountain RD
    COLLINSVILLE,VA24078     		N/A GOVT ENT for the Commonwealth Crossing Business Centre Water and Sewer Infrastructure 430,000
    City of Martinsville
    PO Box 1112 55 W Church Street
    MARTINSVILLE,VA24114     		N/A GOVT ENT for the Uptown Master Plan Implementation 327,479
    City of Martinsville
    PO Box 1112 55 W Church Street
    MARTINSVILLE,VA24114     		N/A GOVT ENT Continuation of operational support for Smith River Sports Complex over three years 523,692
    Carlisle School
    P O Box 5388
    MARTINSVILLE,VA24115     		N/A 501(c)(3) To continue its work related with the international Baccalaureate curriculum and the use of Differentiated Instruction 100,000
    Total ..................................bullet 3b 6,376,523
    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 14,608  
    4 Dividends and interest from securities....     14 4,459,845  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 8,689,064  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aORDINARY K-1 INCOME(LOSS)     14 651,875  
    bInterest on Prog Rel Inv.         9,435
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   13,815,392 9,435
    13Total. Add line 12, columns (b), (d), and (e)...................
    1313,824,827
    (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.)
    3e INTEREST INCOME ON A PROGRAM RELATED LOAN (INVESTMENT).
    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: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND BOOKKEEPING 10,365 5,183 0 4,135

    TY 2010 ContractorCompensationExpln
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Contractor Explanation
    STATE STREET BANK AND TRUST COMPANY INVESTMENT CONSULTING
    COLONIAL CONSULTING CORPORATION INVESTMENT CONSULTING

    TY 2010 EmployeeCompensationExpln
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Employee Explanation
    CHRISTINA REED  
    ELOISE WADE  
    NANCY J COX  
    JEFFERY W MANSOUR-BRUDERER  
    ANGELA LOGAN  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS 15,605,089 15,605,089

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 39,657,271 39,657,271
    INVESTMENT IN LIMITED PARTNERSHIP FMV 140,693,250 140,693,250

    TY 2010 LandEtcSchedule2
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 138,373 97,408 40,965 40,965
    Improvements 48,621 21,339 27,282 27,282
    Furniture and Fixtures 96,038 51,481 44,557 44,557


    TY 2010 LegalFeesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 17,289 1,729 0 14,255


    TY 2010 OtherAssetsSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST & DIVIDENDS RECEIVABLE 12,786 31,448 31,448


    TY 2010 OtherDecreasesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Amount
    FEDERAL EXCISE TAX -current and deferred 195,354


    TY 2010 OtherExpensesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 14,805     13,912
    SUPPLIES 5,968 597   4,905
    PUBLIC RELATIONS 15,259 1,526   14,255
    POSTAGE AND SHIPPING 1,624 162   1,372
    MISCELLANEOUS 2,755     2,850
    INSURANCE 22,793 2,231   20,182
    INFORMATION TECHNOLOGY 19,872 1,987   18,422
    EQUIPMENT RENTAL AND MAINTENANCE 10,754 1,076   9,990
    DUES & SUBSCRIPTIONS 19,403 66   19,435
    DIRECT CHARITABLE EXPENDITURES 103,130     100,624
    ADVERTISING 688     688


    TY 2010 OtherIncomeSchedule2
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY K-1 INCOME(LOSS) 651,875 651,875  
    Interest on Prog Rel Inv. 9,435 9,435 9,435


    TY 2010 OtherIncreasesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 8,416,008
    OTHER INCREASE 540,000


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value
    CURRENT FEDERAL INCOME TAXES 137,389 23,801
    DEFERRED TAX LIABILITY 713,574 746,516


    TY 2010 OtherNotesLoansRcvblShortSch2
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Name of 501(c)(3) Organization Balance Due
    MARTINSVILLE REDVLPMNT AND HOU
          		340,000


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROGRAM RELATED CONSULTING 166,170 0 0 163,650
    INVESTMENT ADVISORY SERVICES 1,399,577 1,399,577 0 0
    CONSULTING 29,249 2,226 0 15,553
    AUDITING FEES 14,900 7,450 0 7,450


    TY 2010 TaxesSchedule
    Name:
    THE HARVEST FOUNDATION OF THE PIEDMONT
    EIN: 31-1496872
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES AND LICENSES 2,626     2,626
    PAYROLL TAXES 38,138 2,227   35,911