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
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
FLORENCE EVANS BUSHEE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O HEMENWAY BARNES LLP 60 STATE   Room/suite
City or town, state, and ZIP code
BOSTON, MA02109
A Employer identification number

04-6035327
B Telephone number (see page 10 of the instructions)

(617) 557-9716
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$4,552,612J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 4,417 4,417  
4 Dividends and interest from securities...... 109,828 109,828  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,041
b Gross sales price for all assets on line 6a 800,930
7 Capital gain net income (from Part IV, line 2)... 1,041
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 115,286 115,286  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,000     11,000
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 3,200 1,600 0 1,600
c Other professional fees (attach schedule).... Click to see attachment 47,195 13,598   33,597
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,320 1,839   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 195 0 0 195
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 50     50
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,960 17,037 0 46,442
25 Contributions, gifts, grants paid........ 240,100 240,100
26 Total expenses and disbursements. Add lines 24 and 25 310,060 17,037 0 286,542
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -194,774
b Net investment income (if negative, enter -0-) 98,249
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
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............... 493 400 400
2 Savings and temporary cash investments.......... 61,800 143,500 143,500
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 435,029 Click to see attachment231,534 232,305
b Investments—corporate stock (attach schedule)........ 1,542,394 Click to see attachment1,614,282 2,857,241
c Investments—corporate bonds (attach schedule)........ 557,158 Click to see attachment617,194 636,678
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 708,157 Click to see attachment504,714 682,488
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,305,031 3,111,624 4,552,612
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 3,305,031 3,111,624
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).................... 3,305,031 3,111,624
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,305,031 3,111,624
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 3,305,031
2 Enter amount from Part I, line 27a..................... 2 -194,774
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,643
4 Add lines 1, 2, and 3.......................... 4 3,112,900
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,276
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,111,624
Form 990-PF (2011)
Form 990-PF (2011)
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 55000. AT&T WIRELESS SERVICES INC SR UNSUB NOTE DTD 04/16/2002 8.125%   2010-02-05 2011-12-28
b 1000. AMGEN INC   2006-02-24 2011-12-08
c 40000. CATERPILLAR FINANCIAL CORP POWER NOTES DTD 4/9/09 4.75% 04/15/2   2010-03-16 2011-04-15
d 4742.792 AMERICAN EUROPACIFIC GROWTH FUND F2     2011-02-09
e 485. AMERICAN EUROPACIFIC GROWTH FUND F2   2002-03-19 2011-05-12
100000. FEDERAL HOME LOAN MORTGAGE CORP MEDIUM TERM NOTE DTD 07/25/200   2008-01-07 2011-07-25
30000. FEDERAL HOME LN MTG CORP MTN CALL DTD 4/8/2004 4% 04/08/2011     2011-04-08
50000. FEDERAL HOME LOAN MORTGAGE CORP MEDIUM TERM NOTE DTD 11/15/2004   2007-05-23 2011-11-15
50000. FEDERAL HOME LOAN MORTGAGE CORP CALL DTD 7/14/09 3.4% 07/14/201   2010-09-16 2011-01-14
50000. FEDERAL HOME LOAN BANK CONS BD DTD 09/19   2009-11-10 2011-10-13
45000. KELLOGG COMPANY NT-B DTD 3/29/01 6.6% 04   2009-12-23 2011-04-01
50000. SOUTHERN CALIF GAS CO 1ST M BD DTD 12/15/03 4.375% 01/15/2011   2009-12-22 2011-01-15
50000. WAL MART STORES INC NOTE DTD 2/18/04 4.1   2010-05-06 2011-02-15
(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 56,448   56,155 293
b 58,429   74,880 -16,451
c 40,000   40,000  
d 200,004   190,086 9,918
e 21,049   13,357 7,692
100,000   100,000  
30,000   30,000  
50,000   50,000  
50,000   50,411 -411
50,000   50,000  
45,000   45,000  
50,000   50,000  
50,000   50,000  
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       293
b       -16,451
c        
d       9,918
e       7,692
       
       
       
      -411
       
       
       
       
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 1,041
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))
2010 291,276 4,732,838 0.061544
2009 280,832 4,419,676 0.063541
2008 324,326 5,341,622 0.060717
2007 245,631 6,046,316 0.040625
2006 254,016 5,465,817 0.046474
2 Total of line 1, column (d) ...................... 2 0.272901
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 0.05458
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,745,945
5 Multiply line 4 by line 3....................... 5 259,034
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 982
7 Add lines 5 and 6......................... 7 260,016
8 Enter qualifying distributions from Part XII, line 4.............. 8 286,542
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 (2011)
Form 990-PF (2011)
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 1 982
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............................ 3 982
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- ..... 5 982
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 4,120
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,120
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 3,138
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet984 Refunded Bullet 11 2,154
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (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 addressbullet  
    14
    The books are in care ofbulletR ROBERT WOODBURN JR
    % HEMENWAY & BARNES     Telephone no.bullet (617) 557-9716
    Located atbullet60 STATE STREETBOSTONMA ZIP+4bullet021091899
    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 2011, 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 (2011)
    Form 990-PF (2011)
    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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    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 2011 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 2011.)....................
    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 2011?
    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
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    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
    JUDITH A ROBERTSON PRESIDENT
    1     		5,500    
    65 ELM STREET
    FREEDOM,NH03836
    R ROBERT WOODBURN JR TREASURER
    1     		0    
    60 STATE STREET
    BOSTON,MA02109
    SHEILA CHRISTENSEN DIRECTOR
    1     		5,500    
    6 ORANGE ST UNIT 2
    NEWBURYPORT,MA01950
    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 (2011)
    Form 990-PF (2011)
    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
    4,668,768
    b
    Average of monthly cash balances.......................
    1b
    149,450
    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
    4,818,218
    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
    4,818,218
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    72,273
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,745,945
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    237,297
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    237,297
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    982
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    982
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    236,315
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,067
    5
    Add lines 3 and 4............................
    5
    238,382
    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
    238,382
    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
    286,542
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    286,542
    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
    982
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    285,560
    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 (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 238,382
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 16,076
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 0
    c From 2008....... 0
    d From 2009....... 0
    e From 2010....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 286,542
    a Applied to 2010, but not more than line 2a 16,076
    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 2011 distributable amount..... 238,382
    e Remaining amount distributed out of corpus 32,084
    5 Excess distributions carryover applied to 2011. 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 32,084
    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 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. 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 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		32,084
    10 Analysis of line 9:
    a Excess from 2007.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 0
    d Excess from 2010.... 0
    e Excess from 2011.... 32,084
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 2011, 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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).)
    NONE
    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.
    NONE
    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:
    R ROBERT WOODBURN JRFLORENCE BUSHE
    HB LLP 60 STATE STREET
    BOSTON,MA021091899
    (617) 557-9716
    bThe form in which applications should be submitted and information and materials they should include:
    PROPERLY FILLED OUT APPLICATION A COLLEGE TRANSCRIPT MUST BE PROVIDED
    cAny submission deadlines:
    MAY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NEWBURY MA AREA FOR UNDERGRADUATE STUDY AT ACCREDITED INSTITUTIONS
    Form 990-PF (2011)
    Form 990-PF (2011)
    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
    FIRST PARISH OF NEWBURY
    20 HIGH ROAD
    NEWBURY,MA01951     		NONE NONE GENERAL OPERATING EXPENSES 2,500
    HISTORICAL SOCIETY OF OLD NEWBURY
    NEWBURY
    98 HIGH STREET
    NEWBURYPORT,MA01950     		NONE NONE SUMMER INTERN PROGRAM 3,500
    KATRINA BOULAY
    51 KENDALL LN
    SALISBURY,MA01952     		NONE NONE SALEM STATE COLLEGE TUITION 3,000
    LUKE EARLS
    25 MILK ST
    NEWBURYPORT,MA01950     		NONE NONE AMERICAN UNIVERSITY TUITION 3,000
    ASHLEY MATTHEWS
    4 47TH ST
    NEWBURY,MA01951     		NONE NONE UNIV OF TAMPA TUITION 3,200
    ZACHARY CROSSMAN
    71 WESTERSFIELD ST
    ROWLEY,MA01969     		NONE NONE BRYANT UNIV TUITION 4,000
    ASHLEY FUCALORO
    38 FATHERLAND RD
    BYFIELD,MA01922     		NONE NONE SYRACUSE UNIVERSITY TUITION 2,000
    SARAH MURRAY
    33 GREENTREE LANE
    BYFIELD,MA01922     		NONE NONE ST ANSELM COLLEGE TUITION 3,000
    JESSICA NICKLESS
    28 LESLIE RD
    ROWLEY,MA01969     		NONE NONE UMASS TUITION 3,200
    JULIA PETRAS
    14 MAGNOLIA ST
    NEWBURYPORT,MA01950     		NONE NONE UNIV OF VERMONT TUITION 3,200
    KELLEN RYAN
    5 LINCOLN AVE
    SALISBURY,MA01952     		NONE NONE UNIV OF VERMONT TUITION 2,000
    LAURA STEIN
    12 DEL-LOGAN DR
    SALISBURY,MA01952     		NONE NONE UNIV OF VERMONT TUITION 2,000
    JEFFREY ARIAS
    14 BOSTON RD
    NEWBURY,MA01951     		NONE NONE GW UNIVERSITY TUITION 4,000
    TYLER FERRICK
    382 CENTRAL ST
    ROWLEY,MA01969     		NONE NONE UNITY COLLEGE TUITION 4,000
    KATELIN MURPHY
    377 WETHERSFIELD ST
    ROWLEY,MA01969     		NONE NONE UTICA COLLEGE TUITION 2,000
    MICHAEL ASTUCCIO
    13 BAKER RD
    SALISBURY,MA01952     		NONE NONE STONEHILL COLLGE TUITION 2,600
    NATALIE JONES
    127 ELM ST APT 2
    AMESBURY,MA01913     		NONE NONE MAINE COLLEGE OF ART TUITION 3,600
    EVAN WALLACE
    6 GARRISON RD
    NEWBURYPORT,MA01950     		NONE NONE BROWN UNIVERSITY TUITION 7,200
    MORGAN FOSTER
    46 COTTAGE RD
    NEWBURY,MA01951     		NONE NONE WHEATON COLLEGE TUITION 2,600
    TAYLOR WHITEHILL
    7 GARFIELD ST
    SALISBURY,MA01952     		NONE NONE EMMANUEL COLLEGE TUITION 5,200
    DERRICK PURVIS
    106 LOW ST
    NEWBURYPORT,MA01950     		NONE NONE LYNDON STATE COLLEGE TUITION 1,000
    HANNAH CHASE
    17 PARKER RIDGE WAY
    NEWBURYPORT,MA01950     		NONE NONE UMASS AMHERST TUITION 3,000
    ALLI BAYKO
    4 WARREN ST UNIT B
    NEWBURYPORT,MA01950     		NONE NONE BENTLEY UNIVERSITY TUITION 4,000
    EMMA SECTOR
    84 MAIN ST
    WEST NEWBURY,MA01985     		NONE NONE UNIV OF VERMONT TUITION 2,000
    MORRILL WHITTEMORE
    47 16TH TEE ST
    NEWBURY,MA01951     		NONE NONE UNH TUITION 2,000
    ELIZABETH METRANO
    13 ALLEN ST
    NEWBURYPORT,MA01950     		NONE NONE UMASS AMHERST TUITION 2,000
    JILL LARIVIERE
    19 HIGHFIELD RD
    NEWBURY,MA01951     		NONE NONE RINGLING COLLEGE OF ART AND DESIGN TUITION 2,600
    JOSEPH COLBY
    201 CENTRAL ST 9
    GEORGETOWN,MA01833     		NONE NONE ENDICOTT COLLEGE TUITION 4,600
    LEAH PARKS
    13 AUSTIN LANE
    BYFIELD,MA01922     		NONE NONE BOSTON UNIV TUITION 2,600
    CHELSEA HERSEY
    19 RUSSELL TERRACE
    NEWBURYPORT,MA01950     		NONE NONE SIMMONS COLLEGE TUITION 3,200
    VICTORIA DIDONATO
    111 FERRY RD
    SALISBURY,MA01952     		NONE NONE SALEM STATE COLLEGE TUITION 2,600
    KRISTINA GOURLEY
    17 CHESTNUT ST
    NEWBURYPORT,MA01950     		NONE NONE USD TUITION 2,600
    CONNOR SULLIVAN
    198 CRANE NECK ST
    WEST NEWBURY,MA01985     		NONE NONE UMASS AMHERST TUITION 1,000
    JOHN ZIEMLAK
    26 HAMMOND ST
    ROWLEY,MA01969     		NONE NONE CHAMPLAIN COLLEGE TUITION 3,000
    ELIZABETH KANE
    65 ELM ST
    SALISBURY,MA01952     		NONE NONE LYNCHBURG COLLEGE TUITION 2,000
    WESTON FORD
    234 WATER ST
    NEWBURYPORT,MA01950     		NONE NONE NORTHEASTERN UNIV TUITION 5,200
    BERT COMINS
    80 HIGH ST
    NEWBURY,MA01951     		NONE NONE ST JOSEPH'S COLLEGE TUITION 3,000
    BENJAMIN COLLINS
    79 COTTAGE RD
    NEWBURY,MA01951     		NONE NONE WORCESTER POLYTECH TUITION 1,600
    ZACHARY TAYLOR
    46 HANOVER ST
    NEWBURY,MA01951     		NONE NONE MERRIMACK COLLEGE TUITION 3,000
    AMANDA ATHERTON
    10 49TH ST
    NEWBURY,MA01951     		NONE NONE NORTHEASTERN UNIV TUITION 3,000
    MAXINE CROSSMAN
    71 WETHERSFIELD ST
    ROWLEY,MA01969     		NONE NONE LOYOLA UNIV TUITION 2,000
    MARGARET GEORGE
    8R ROLFES LANE
    NEWBURY,MA01951     		NONE NONE BRIDGEWATER STATE COLLEGE TUITION 2,000
    HANNAH MCCORMICK
    16 NORMAN AVE
    NEWBURYPORT,MA01950     		NONE NONE HOLY CROSS COLLEGE TUITION 1,000
    AMANDA MULKERN
    274 DODGE ROAD
    ROWLEY,MA01969     		NONE NONE CASTLETON STATE COLLEGE TUITION 3,000
    KYLE LEBLANC
    111A FERRY RD
    NEWBURYPORT,MA01950     		NONE NONE BOWDOIN COLLEGE TUITION 2,000
    ADAM ZWICK
    13 HOWARD ST
    NEWBURYPORT,MA01950     		NONE NONE UNITY COLLEGE TUITION 3,000
    AUSTIN LANHAM
    16 MOSELEY AVENUE
    NEWBURYPORT,MA01950     		NONE NONE UNIV OF VERMONT TUITION 2,600
    MALLORY SANDERS
    12 MARCH RD
    SALISBURY,MA01952     		NONE NONE FRAMINGHAM STATE COLLEGE TUITION 1,000
    CHERIZE SALDANHA
    342 HIGH ST APT 2
    NEWBURYPORT,MA01950     		NONE NONE RIVER COLLEGE TUITION 3,000
    RYAN KELL
    3 TURKEY HILL RD
    NEWBURYPORT,MA01950     		NONE NONE BOSTON UNIVERSITY TUITION 2,200
    OLIVIA MATTHEWS
    4 4TH STREET
    NEWBURY,MA01951     		NONE NONE SIMMONS COLLEGE TUITION 2,600
    PAIGE MOULTON
    58 GREEN ST
    NEWBURY,MA01951     		NONE NONE BOSTON UNIVERSITY TUITION 3,200
    LINDSAY COMINS
    80 HIGH RD
    NEWBURY,MA01951     		NONE NONE ECKERD COLLEGE TUITION 3,000
    JENNIFER NEWCOMBE
    252 DODGE RD
    ROWLEY,MA01969     		NONE NONE HOUGHTON COLLEGE TUITION 2,000
    COLLEEN LOUGHLIN
    94 HILLSIDE ST
    ROWLEY,MA01969     		NONE NONE TULANE UNIV TUITION 1,000
    CHRISTOPHER MURRAY
    33 GREENTREE LANE
    BYFIELD,MA01922     		NONE NONE MA MARITIME ACADEMY TUITION 3,000
    KRISTIN KELLEHER
    21 AUSTIN LANE
    BYFIELD,MA01922     		NONE NONE GW UNIVERSITY TUITION 2,600
    ALEX CONNOLLY
    24 WHETSONE ST
    WEST NEWBURY,MA01985     		NONE NONE FRANKLIN PIERCE COLLEGE TUITION 2,000
    MCKENZIE CARIFIO
    34 WHETSTONE ST
    WEST NEWBURY,MA01985     		NONE NONE ST JOSEPH'S COLLEGE TUITION 2,000
    BRITTANY ADAMS
    514 MAIN ST
    WEST NEWBURY,MA01985     		NONE NONE EMMANUEL COLLEGE TUITION 2,000
    BENJAMIN TAYLOR
    46 HANOVER ST
    NEWBURY,MA01951     		NONE NONE EMMANUEL COLLEGE TUITION 3,200
    CHLOE KEALEY
    9 DEL LOGAN DR
    SALISBURY,MA01952     		NONE NONE ST ANSELM TUITION 2,000
    GABRIELLE SERGI
    5 HENDERSON CIRCLE
    NEWBURYPORT,MA01950     		NONE NONE BATES COLLEGE TUITION 2,000
    DIANAH TSILIFONIS
    1 COURTNEY DR
    BYFIELD,MA01922     		NONE NONE ENDICOTT COLLEGE TUITION 3,600
    ANTHONY DUBE
    20 FINNEGAN WAY
    NEWBURYPORT,MA01950     		NONE NONE BOSTON COLLEGE TUITION 2,600
    CHRISTINE MADDEN
    6 NEWHALL LANE
    NEWBURYPORT,MA01950     		NONE NONE WESTFIELD STATE COLLEGE TUITION 1,600
    RYAN BARRY
    57 CHRISTOPHER RD
    ROWLEY,MA01969     		NONE NONE UMASS AMHERT TUITION 1,000
    ALISON EVANS
    6 WOODMAN WAY UNIT 415
    NEWBURYPORT,MA01950     		NONE NONE MASS COLLEGE OF ART TUITION 3,000
    SARAH GIBSON
    134 RABBIT RD
    SALISBURY,MA01952     		NONE NONE SUFFOLK UNIV TUITION 2,600
    MATTHEW CARROLL
    15 PHEASANT RUN DR
    NEWBURYPORT,MA01950     		NONE NONE BOSTON COLLEGE TUITION 1,000
    ALYSSA PATRICK
    291 WETHERSFIELD ST
    ROWLEY,MA01969     		NONE NONE PRATT INSTITUTE TUITION 2,200
    SAMANTHA BARIBEAULT
    43 STOREYBROOKE DR
    NEWBURYPORT,MA01950     		NONE NONE MCGILL UNIV TUITION 2,200
    ARIANA DENARDO
    14 JACKSON ST
    NEWBURYPORT,MA01950     		NONE NONE GORDON COLLEGE TUITION 5,600
    NICOLE RODGERS
    15 CHURCH ST
    BYFIELD,MA01922     		NONE NONE MARIST COLLEGE TUITION 500
    MOLLY FARGEORGE
    17 TYNG ST
    NEWBURYPORT,MA01950     		NONE NONE BOWDOIN COLLEGE 500
    SARA DIDONATO
    111 FERRY RD
    SALISBURY,MA01952     		NONE NONE SALEM STATE UNIV TUITION 1,000
    HENRY WALLACE LEANNA
    16 BUCK ST
    NEWBURYPORT,MA01950     		NONE NONE BROWN UNIV TUITION 2,000
    LINDSEY GOLDSTEIN
    6 CHIPPER LANE
    HAVERHILL,MA01832     		NONE NONE KEENE STATE COLLEGE TUITION 750
    JASMYN GUDAITIS
    10 BAYBERRY RD
    NEWBURYPORT,MA01950     		NONE NONE BOSTON UNIV TUITION 1,500
    JOSEPHINE KILTY
    34 ANNAPOLIS WAY
    NEWBURY,MA01951     		NONE NONE MCPH TUITION 750
    KRISTEN LEVESQUE
    36 JAK-LEN DR
    SALISBURY,MA01952     		NONE NONE FITCHBURG STATE COLLEGE TUITION 500
    KATELYN GILMAN
    681 HAVERHILL ST
    ROWLEY,MA01969     		NONE NONE MCPH TUITION 750
    OLIVIA GOURLEY
    17 CHESTNUT ST
    NEWBURYPORT,MA01950     		NONE NONE PRATT INSTITUTE TUITION 1,000
    BRIDGET CONNOLLY
    24 WHETSTONE ST
    WEST NEWBURY,MA01985     		NONE NONE UMASS LOWELL TUITION 2,000
    SARAH MOSLEY
    175 MAIN ST
    WEST NEWBURY,MA01985     		NONE NONE URI TUITION 1,500
    JARED WHITE
    79 SOUTH ST
    BYFIELD,MA01922     		NONE NONE UMASS DARTMOUTH TUITION 500
    ADAM JONES
    127 ELM STM APT 2
    AMESBURY,MA01913     		NONE NONE UMASS DARTMOUTH TUITION 1,000
    ZACHARY AUWERDA
    42 FENNO DR
    ROWLEY,MA01969     		NONE NONE GORDON COLLEGE TUITION 1,000
    ANDREW ROSS
    34 OAKLAND ST
    NEWBURYPORT,MA01950     		NONE NONE MINUTEMAN ADULT CAREER TRAINING TUITION 2,000
    HEATHER KOZLOWSKI
    45 SPENCER KNOWLES RD
    ROWLEY,MA01969     		NONE NONE NORTH SHORE COMM COLLEGE TUITION 750
    KRISTY LAPLANTE
    61 BAKER RD
    SALISBURY,MA01952     		NONE NONE HESSER COLLEGE TUITION 500
    ABIGAIL HOLDEN
    34 TOPPANS LN
    NEWBURYPORT,MA01950     		NONE NONE UNIV OF VERMONT TUITION 1,000
    EMILY FOSTER
    17 CUSHING ST
    SALISBURY,MA01952     		NONE NONE SALEM STATE COLLEGE TUITION 500
    HAYLEY BROWN
    19 PARKER ST
    NEWBURY,MA01951     		NONE NONE FRANKLIN PIERCE TUITION 750
    EMILY KAMINSKI
    68 BAKER RD
    SALISBURY,MA01952     		NONE NONE UNC WILMINGTON TUITION 1,000
    RACHEL KOVACH
    170 HAY ST
    NEWBURY,MA01951     		NONE NONE BRIDGEWATER STATE TUITION 750
    DANIELLE DEANGELIS
    7 NEWBURY RD
    ROWLEY,MA01969     		NONE NONE WESTIELD STATE COLLEGE TUITION 1,000
    CHRISTOPHER CLARK
    46 FATHERLAND DRIVE
    BYFIELD,MA01922     		NONE NONE WORCESTER POLYTECHNIC INSTITUTE TUITION 750
    ELIZABETH PARKS
    13 AUSTIN LANE
    BYFIELD,MA01922     		NONE NONE UMASS TUITION 500
    BIANCA COREY
    15 MOULTON STREET
    BYFIELD,MA01922     		NONE NONE UMASS TUITION 500
    JENNIE WALENTUK
    24 WARREN STREET
    NEWBURYPORT,MA01950     		NONE NONE SALEM STATE COLLEGE TUITION 1,000
    ERIC PETERSON
    76 MAIN STREET
    BYFIELD,MA01922     		NONE NONE TUFTS UNIVERSITY TUITION 500
    DYLAN WALLACE
    6 GARRISON RD
    NEWBURYPORT,MA01950     		NONE NONE CARLETON UNIVERSITY TUITION 2,000
    RACHAEL WEBSTER
    1 SUMMIT PLACE
    NEWBURYPORT,MA01950     		NONE NONE NORTHERN ESSEX COMM COLLEGE TUITION 1,500
    MARION DULLEA
    122 ELM STREET
    BYFIELD,MA01922     		NONE NONE UNIVERSITY OF ROCHESTER TUITION 500
    SARA AUWERDA
    42 FENNO DRIVE
    ROWLEY,MA01969     		NONE NONE SALEM STATE UNIVERSITY TUITION 1,000
    PETER MURPHY
    377 WETHERSFIELD STREET
    ROWLEY,MA01969     		NONE NONE RENSSELAER POLYTECHNIC INSTITUTE TUITION 1,000
    NOELLE BEDARD
    1 BARTON CT
    NEWBURYPORT,MA01950     		NONE NONE PLYMOUTH STATE UNIVERSITY TUITION 1,000
    RACHAEL ERAMO
    651 HAVERHILL STREET
    ROWLEY,MA01969     		NONE   BRIDGEWATER STATE UNIVERSITY TUITION 1,000
    MATTHEW BEEVERS
    21 GERRISH ROAD
    SALISBURY,MA01951     		NONE NONE UMASS LOWELL TUITION 1,000
    EMILY GOODWIN
    9 PLUMMERS LANE
    NEWBURY,MA01951     		NONE NONE ST. MICHAEL'S COLLEGE TUITION 1,000
    HADLEY CROSSMAN
    71 WETHERSFIELD STREET
    ROWLEY,MA01969     		NONE NONE QUINNIPIAC UNIVERSITY TUITION 1,000
    SHANNON DOW
    1 JOY ROAD
    SALISBURY,MA01952     		NONE NONE UMASS LOWELL TUITION 750
    MOLLY ABBOTT
    3 COOMBS CIRCLE
    NEWBURYPORT,MA01950     		NONE NONE ST. ANSELM COLLEGE TUITION 1,000
    ELIAS EARLS
    25 MILK STREET
    NEWBURYPORT,MA01950     		NONE NONE EMMANUEL COLLEGE TUITION 3,000
    Total .................................bullet 3a 240,100
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 4,417  
    4 Dividends and interest from securities....     14 109,828  
    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 1,041  
    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)..   115,286  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13115,286
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 3,200 1,600   1,600

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Name of Bond End of Year Book Value End of Year Fair Market Value
    60,000 ELECTRONIC 6/30/03 6% 63,924 63,604
    65,000 FHLMC DTD 3/29/05 5% 66,122 65,744
    40,000 FNMA DTD 9/29/97 6.46% 40,991 41,219
    40,000 FNMA DTD 2/12/08 4% 41,772 41,657
    25,000 FNMA DTD 4/15/08 4% 26,050 26,188
    150,000 HEWLETT-PACKARD 4% 155,159 154,268
    20,000 JPMORGAN CHASE 2.2% 20,172 20,189
    50,000 MICROSOLF 2.95% 51,446 53,114
    75,000 NORTHERN TR 6.5% 81,408 89,472
    50,000 VERIZON 3/27/09 6.35% 49,644 60,926
    25,000 WELLS FARGO 6.125% 20,506 20,297

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1300 AIR PRODUCTS & CHEMICALS 101,491 110,747
    5500 APPLIED MATERIALS 105,160 58,905
    4000 CISCO SYSTEMS 35,583 72,320
    3375 MICROSOFT 80,154 87,615
    2000 EMERSON ELECTRIC 28,952 93,180
    2700 EXXON MOBIL 15,595 228,852
    5550 GENERAL ELECTRIC 8,852 99,401
    3000 HEWLETT PACKARD 23,509 77,280
    6000 INTEL 111,581 145,500
    2250 JOHNSON & JOHNSON 6,775 147,555
    1150 AUTOMATIC DATA & PROCESS 46,610 62,112
    1000 PEPSICO 63,190 66,350
    1875 PROCTER & GAMBLE 6,145 125,081
    2025 STATE STREET 99,965 81,628
    3400 STRYKER 19,489 169,014
    2730 CHURCH & DWIGHT 87,427 124,925
    4400 SYSCO CORP 30,230 129,052
    2025 TARGET CORP 101,753 103,721
    1250 3M CO 12,368 102,163
    1700 WALMART STORES 88,797 101,592
    2000 INFOSYS TECHNOLOGIES 103,657 102,760
    2000 SCHLUMBERGER 24,852 136,620
    1700 ABBOTT LAB 93,920 95,591
    1300 QUALCOMM 50,882 71,110
    1200 US BANCORP 30,442 32,460
    2,875 XILINX INC 86,793 92,173
    950 TEVA PHARM INDS ADR 48,106 38,342
    2,800 TIME WARNER INC 102,004 101,192

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    US Government Securities - End of Year Book Value:

    231,534
    US Government Securities - End of Year Fair Market Value:

    232,305
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    16,115 EUROPACIFIC GROWTH AT COST 405,395 565,798
    1000 ISHARES TR US TIPS BD FD AT COST 99,319 116,690

    TY 2011 OtherDecreasesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Description Amount
    ACCRUED INTEREST C/O 1,270
    ROUNDING 6


    TY 2011 OtherExpensesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FORM PC FILING FEE 35 0   35
    ANNUAL REPORT FILING FEE 15 0   15


    TY 2011 OtherIncreasesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Description Amount
    REFUND FROM UNC FOR E KAMINSKI 1,067
    TRANSACTIONS POSTED AFTER PERIOD END 1
    TRANSACTIONS POSTED FOR PRIOR PERIOD 263
    TAX CODE ADJUSTMENTS 312
    REVERSAL FOR PRIOR PERIOD 1,000


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EAPD - LEGAL/TRUSTEE FEES 27,195 13,598   13,597
    EAPD - GRANT ADMINISTRATION 20,000     20,000


    TY 2011 TaxesSchedule
    Name:
    FLORENCE EVANS BUSHEE FOUNDATION INC
    EIN: 04-6035327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,839 1,839   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,361 0   0
    FEDERAL ESTIMATES - PRINCIPAL 4,120 0   0