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
CHARLES J LYNN TRUST UW R60707008
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O JPMORGAN CHASE BANKNAPOBOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

35-6009281
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$45,291,963J 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 611 611  
4 Dividends and interest from securities...... 720,801 721,036  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,799,903
b Gross sales price for all assets on line 6a 33,461,210
7 Capital gain net income (from Part IV, line 2)... 2,797,618
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,521,315 3,519,265  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 342,522 256,891   85,631
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 825 0   825
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 104,041 11,254   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7 4,333   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 447,395 272,478   86,456
25 Contributions, gifts, grants paid........ 2,224,951 2,224,951
26 Total expenses and disbursements. Add lines 24 and 25 2,672,346 272,478   2,311,407
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 848,969
b Net investment income (if negative, enter -0-) 3,246,787
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (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............... 135,726 187,774 187,774
2 Savings and temporary cash investments.......... 2,425,491 2,681,335 2,681,335
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 29,319,885 Click to see attachment34,210,603 33,992,622
c Investments—corporate bonds (attach schedule)........ 12,726,674 Click to see attachment8,377,142 8,430,232
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,607,776 45,456,854 45,291,963
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 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......... 44,607,776 45,456,854
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 44,607,776 45,456,854
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 44,607,776 45,456,854
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 44,607,776
2 Enter amount from Part I, line 27a..................... 2 848,969
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,488
4 Add lines 1, 2, and 3.......................... 4 45,458,233
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,379
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 45,456,854
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 PUBLICLY TRADED SECURITIES      
b POWERSHARES DB COMMODITY INDEX TRACKING FUND P    
c POWERSHARES DB COMMODITY INDEX TRACKING FUND P    
d POWERSHARES DB COMMODITY INDEX TRACKING FUND SEC 1256 P    
e CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 33,214,744   30,661,307 2,553,437
b       -2,518
c       1,092
d       -859
e 246,466     246,466
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       2,553,437
b       -2,518
c       1,092
d       -859
e       246,466
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 2,797,618
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 2,133,084 46,558,303 0.045815
2009 2,690,057 42,702,719 0.062995
2008 3,174,894 54,204,775 0.058572
2007 2,947,005 65,363,576 0.045086
2006 2,658,689 60,966,202 0.043609
2 Total of line 1, column (d) ...................... 2 0.256077
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 0.051215
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 47,965,355
5 Multiply line 4 by line 3....................... 5 2,456,546
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 32,468
7 Add lines 5 and 6......................... 7 2,489,014
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,311,407
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 64,936
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 64,936
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 64,936
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 84,508
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 84,508
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 19,572
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet19,572 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIN
    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 addressbulletN/A
    14
    The books are in care ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (317) 684-3153
    Located atbulletI EAST OHIO STREETINDIANAPOLISIN ZIP+4bullet46277
    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
     
     
    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
     
     
    .........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
    JPMORGAN CHASE BANK NA TRUSTEE
    2.00     		342,522 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    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..........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    47,597,199
    b
    Average of monthly cash balances.......................
    1b
    1,098,593
    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
    48,695,792
    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
    48,695,792
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    730,437
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    47,965,355
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,398,268
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,398,268
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    64,936
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    64,936
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,333,332
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,333,332
    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
    2,333,332
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,311,407
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,311,407
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,311,407
    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 2,333,332
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 2,224,951
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 2,311,407
    a Applied to 2010, but not more than line 2a 2,224,951
    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..... 86,456
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		2,246,876
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    HANOVER COLLEGE
    PO BOX 108
    HANOVER,IN47243     		NONE PUBLIC CHARITY PROGRAM SUPPORT 444,990
    INDIANAPOLIS RETIREMENT HOME
    615 N ALABAMA ST 119
    INDIANPOLIS,IN46204     		NONE PUBLIC CHARITY PROGRAM SUPPORT 222,495
    METHODIST HEALTH FOUNDATION
    1800 N CAPITAL AVE
    INDIANAPOLIS,IN46207     		NONE PUBLIC CHARITY PROGRAM SUPPORT 222,495
    PURDUE RESEARCH FOUNDATION
    3000 KENT AVENUE
    WEST LAFAYETTE,IN47906     		NONE PUBLIC CHARITY PROGRAM SUPPORT 667,486
    VISITING NURSE SERVICE FOUNDATION
    4701 N KEYSTONE AVE
    INDIANAPOLIS,IN46205     		NONE PUBLIC CHARITY PROGRAM SUPPORT 222,495
    WABASH COLLEGE
    PO BOX 352
    CRAWFORDSVILLE,IN47933     		NONE PUBLIC CHARITY PROGRAM SUPPORT 222,495
    YMCA OF GREATER INDIANAPOLIS
    615 N ALABAMA ST 408
    INDIANAPOLIS,IN46204     		NONE PUBLIC CHARITY PROGRAM SUPPORT 222,495
    Total .................................bullet 3a 2,224,951
    bApproved for future payment
    Total .................................bullet 3b 0
    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     14 611  
    4 Dividends and interest from securities....     14 720,801  
    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 2,799,903  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,521,315 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,521,315
    (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:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 825 0   825

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Name of Bond End of Year Book Value End of Year Fair Market Value
    EATON VANCE MUT FDS TR FLT RT CL I - 122295.099 SHS 1,064,310 1,077,420
    JPM HIGH YIELD FD - SEL FUND 3580 6.04% - 176669.536 SHS 1,354,857 1,346,222
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 22003.851 SHS 293,821 289,571
    JPM INTL CURRENCY INCOME FD 1.21% - 13078.511 SHS 142,687 141,640
    JPMORGAN TR I FLOAT RATE INC 4.24% 4.24% - 142390.698 SHS 1,368,375 1,371,222
    DB 95% PPN FX BSKT 2/1/13 LNKD MXN INR CNY & RUB VS USD 1.40XLEV- 375000 SHS 371,667 346,575
    BREVAN HOWARD EMERGING MARKETS LOCAL FIXED INCOME FUND, L.P. CL E - 1000000 1,000,000 979,330
    BARC 93% PPN BRIC BSKT 9/19/13 LNKD 3 CURR BSKTS 50% 35% & 15% WT- 375000 SH 371,563 352,688
    NORFOLK SOUTHERN CORP NOTES 7.70% MAY 15 2017 DTD 5/19/97 - 5000 SHS 5,582 6,417
    U S A BOND STRIPPED PRIN PMT ZERO CPN MAY 15 2017 DTD 05/16/87 - 65000 SHS 53,120 61,660
    U S A BONDS 7 1/4% MAY 15 2016 DTD 5/15/86 - 100000 SHS 118,747 128,242
    U S A BONDS 9% NOV 15 2018 DTD 11/15/88 - 50000 SHS 73,639 75,614
    ARROW ELECTRONICS INC 6 7/8% JUN 01 2018 DTD 06/03/1998 - 10000 SHS 10,816 11,295
    FHLMC GOLD PARTIC CTF 6% JAN 1 2029 DTD 1/1/99 POOL # C00702 - 11678.54 SHS 11,535 13,009
    FNMA GTD MTGE PASS THRU CTF 6% JAN 1 2029 DTD 1/1/99 POOL#481427- 3428.78 SH 3,410 3,822
    FNMA GTD REMIC PASS THRU CTF REMIC TRUST SER 1993-208 CL K 6 1/2% NOV 25 202 33,590 37,578
    SBC COMMUNICATIONS INC NOTES 5 7/8% AUG 15 2012 DTD 8/19/2002 - 5000 SHS 5,153 5,162
    MORGAN STANLEY DEAN WITTER CAPITAL I SER 2003-TOP9 CL A2 4.74%- 23582.27 SHS 22,805 24,078
    FHLMC REMIC 4 1/2% MAY 15 2018 DTD 5/1/2003 - 20978.72 SHS 19,700 22,315
    FANNIE MAE SER 2002-12 CL PG 6% MAR 25 2017 DTD 2/1/2002 - 18819.65 SHS 19,067 20,330
    DEUTSCHE TELEKOM INT FIN NOTES 5 1/4% JUL 22 2013 DTD 7/22/2003 - 5000 SHS 4,903 5,255
    MORGAN STANLEY NOTES 4 3/4% APR 1 2014 DTD 3/30/2004 - 20000 SHS 20,363 19,702
    CREDIT SUISSE FB USA INC NOTES 4 7/8% JAN 15 2015 DTD 12/15/2004 - 10000 SHS 10,500 10,448
    U S A NOTES 4% FEB 15 2015 DTD 2/15/2005 - 225000 SHS 243,448 249,892
    WELLS FARGO & COMPANY SUB NOTES 4.95% OCT 16 2013 DTD 10/16/2003 - 15000 SHS 14,968 15,744
    HSBC FINANCE CORPORATION NOTES 4 3/4% JUL 15 2013 DTD 7/21/2003 - 15000 SHS 14,671 15,317
    KIMBERLY-CLARK CORPORATION 4 7/8% AUG 15 2015 DTD 8/11/2005 - 5000 SHS 4,914 5,595
    CITIGROUP INC SENIOR NOTES 5.3% JAN 7 2016 DTD 12/8/2005 - 30000 SHS 29,666 31,107
    CISCO SYSTEMS NOTES 5 1/2% FEB 22 2016 DTD 2/22/2006 - 5000 SHS 4,875 5,819
    COMCAST CORP 6 1/2% JAN 15 2017 DTD 7/14/2006 - 5000 SHS 5,401 5,881
    FHLMC REMIC SER 2720 CL PC 5% DEC 15 2023 DTD 12/1/2003 - 43782.96 SHS 41,847 47,687
    BHP BILLITON FINANCE USA 5 1/4% DEC 15 2015 DTD 12/12/2005 - 5000 SHS 4,780 5,745
    OHIO POWER COMPANY 4.85% JAN 15 2014 DTD 7/11/2003 - 10000 SHS 9,782 10,617
    FANNIE MAE SER 2004-70 CL DN 4% DEC 25 2029 DTD 9/1/2004 - 8414.07 SHS 8,035 8,439
    FREDDIE MAC 6% SER 2363 CL PF SEP 15 2016 DTD 09/01/2001 - 4873.82 SHS 5,224 5,194
    FREDDIE MAC 6% SER 2425 CL OB MAR 15 2017 DTD 03/01/2002 - 9141.53 SHS 9,764 9,804
    FREDDIE MAC 6% SER-2344 CL QG AUG 15 2016 DTD 8/01/01 - 22129.5 SHS 22,458 23,549
    FREDDIE MAC GOLD PARTIC CTF 6.5% DEC 1 2012 POOL #0764 - 970.24 SHS 986 994
    FREDDIE MAC GOLD PARTIC CTF 4% AUG 1 2018 DTD 8/1/2003 POOL #E01424- 6570.59 6,576 6,938
    FANNIE MAE 5% OCT 1 2012 DTD 9/1/02 POOL NO 254506 - 922.08 SHS 950 931
    FANNIE MAE 5.50% JUL 1 2013 DTD 07/01/2003 POOL NO 254895 - 1424.83 SHS 1,482 1,507
    FREDDIE MAC SER-3047 CL OB 5.5% DEC 15 2033 DTD 10/1/2005 - 16971.72 SHS 17,165 17,773
    FANNIE MAE 4.50% SEP 1 2013 DTD 8/01/2003 POOL NO 254914 - 3933.72 SHS 4,000 4,146
    FANNIE MAE 5.50% OCT 01 2013 DTD 10/01/2003 POOL NO 255017 - 2456.26 SHS 2,543 2,657
    FNMA REMIC TRUST 5% SER 2003-55 CL CD JUN 25 2023 DTD 05/01/2003 - 0.01 SHS 0 0
    FNMA REMIC TRUST 5.5% SER 2004-53 CL NC JUL 25 2024 - 20366.58 SHS 19,966 21,728
    FANNIE MAE 5.50% SER 2005-68 CL PG AUG 25 2035 DTD 07/01/2005 - 28433.76 SHS 28,910 31,810
    FANNIE MAE 4% OCT 1 2018 DTD 10/1/2003 POOL NO 734741 - 2450.5 SHS 2,446 2,607
    FANNIE MAE 4% DEC 1 2018 DTD 4/01/2005 POOL NO 735522 - 13946.88 SHS 13,864 14,836
    FANNIE MAE 5% NOV 1 2018 DTD 10/1/2003 POOL NO 740462 - 10700.41 SHS 11,070 11,668
    FANNIE MAE 5.50% JAN 1 2034 DTD 1/01/2004 POOL NO 759424 - 8004.35 SHS 8,152 8,915
    SUNTRUST BANKS SR NOTES 6% SEP 11 2017 DTD 09/10/2007 - 10000 SHS 9,999 10,987
    GENERAL ELEC CAP CORP MED TERM NTS 5 5/8% SEP 15 2017- 25000 SHS 24,235 27,670
    DIAGEO CAPITAL PLC NOTES 5 3/4% OCT 23 2017 DTD 10/26/2007 - 10000 SHS 10,312 11,734
    CSX CORP NOTES 6 1/4% APR 01 2015 DTD 03/27/2008 - 5000 SHS 5,506 5,713
    ORACLE CORP 5 3/4% APR 15 2018 DTD 04/09/2008 - 10000 SHS 9,995 12,135
    JOHN DEERE CAPITAL CORP MED TERM NT 5.35% APR 3 2018- 10000 SHS 9,969 11,744
    ALLSTATE LF GLB FN TRST MED TERM NTS 5 3/8% APR 30 2013- 5000 SHS 4,934 5,280
    TRAVELERS COS INC SR NOTES 5.8% MAY 15 2018 DTD 05/13/2008 - 5000 SHS 5,025 5,877
    KEYCORP MEDIUM TERM NOTES 6 1/2% MAY 14 2013 DTD 05/14/2008 - 5000 SHS 5,497 5,290
    KRAFT FOODS INC NOTES 6 1/8% AUG 23 2018 DTD 05/22/2008 - 10000 SHS 11,549 11,799
    AMER EXPRESS CREDIT CO MED TERM NTS 5 7/8% MAY 2 2013- 5000 SHS 4,985 5,256
    RIO TINTO FIN USA LTD NOTES 6 1/2% JUL 15 2018 DTD 06/27/2008 - 5000 SHS 5,892 6,027
    FREDDIE MAC SER 2102 CL TU 6% DEC 15 2013 DTD 12/01/1998 - 2382.89 SHS 2,421 2,468
    FNMA SER 2002-73 CL AN 5% NOV 25 2017 DTD 10/01/2002 - 24841.59 SHS 24,438 26,537
    NATIONAL CITY CORP 4.9% JAN 15 2015 DTD 01/12/2005 - 5000 SHS 4,463 5,403
    NATIONAL RURAL UTIL CORP 10 3/8% NOV 01 2018 DTD 10/30/2008 - 10000 SHS 13,380 14,388
    SEMPRA ENERGY 9.8% FEB 15 2019 DTD 11/20/2008 - 5000 SHS 4,978 6,753
    AMERPRISE FINANCIAL INC 5.65% NOV 15 2015 DTD 11/23/2005 - 5000 SHS 5,733 5,648
    ACE INA HOLDINGS 5.8% MAR 15 2018 DTD 02/14/2008 - 10000 SHS 9,321 11,712
    TYCO INTERNATIONAL FINAN 8 1/2% JAN 15 2019 DTD 01/09/2009 - 5000 SHS 6,397 6,440
    AMGEN INC SR NOTES 5.7% FEB 01 2019 DTD 01/16/2009 - 5000 SHS 5,486 5,623
    CONOCOPHILLIPS NOTES 5 3/4% FEB 01 2019 DTD 02/03/2009 - 10000 SHS 10,222 12,050
    CME GROUP INC 5 3/4% FEB 15 2014 DTD 02/09/2009 - 5000 SHS 5,371 5,450
    NOVARTIS SECS INVEST LTD 5 1/8% FEB 10 2019 DTD 02/10/2009 - 5000 SHS 4,913 5,876
    CATERPILLAR FINACIAL SE MED TERM NT 7.15% FEB 15 2019- 5000 SHS 5,728 6,404
    WYETH 5.45% APR 01 2017 DTD 03/27/2007 - 10000 SHS 10,184 11,715
    EATON CORP 6.95% MAR 20 2019 DTD 3/16/2009 - 10000 SHS 10,683 12,750
    ATOMS ENERGY CORP 8 1/2% MAR 15 2019 DTD 03/26/2009 - 5000 SHS 4,991 6,607
    NUCOR CORP 5.85% JUN 01 2018 DTD 06/02/2008 - 5000 SHS 5,447 5,965
    HOSPIRA INC NOTES 6.4% MAY 15 2015 DTD 05/08/2009 - 5000 SHS 4,990 5,409
    HRPT PROPERTIES TRUST 5 3/4% FEB 15 2014 DTD 10/30/2003 - 10000 SHS 9,658 10,231
    BANK OF AMERICA CORP SR NOTES 7 5/8% JUN 01 2019 DTD 06/02/2009 - 20000 SHS 23,405 20,684
    TRAVELLERS COS INC SR NOTES 5.9% JUN 02 2019 DTD 06/02/2009 - 5000 SHS 4,978 5,949
    BURLINGTN NORTH SANTA FE 5 3/4% MAR 15 2018 DTD 03/14/2008 - 5000 SHS 5,374 5,842
    ERP OPERATING LP 5 3/4% JUN 15 2017 DTD 06/04/2007 - 5000 SHS 4,958 5,544
    JOHNSON CONTROLS INC SR NOTES 5 1/2% JAN 15 2016 DTD 01/17/2006 - 5000 SHS 5,039 5,595
    JEFFRIES GROUP INC 8 1/2% JUL 15 2019 DTD 06/30/2009 - 5000 SHS 5,490 5,075
    FNMA REMIC TR SER 2003-86 CL PX 4.5% FEB 25 2017- 15819.42 SHS 15,982 16,004
    ACCREDITED MTG LN TR 2002-1 MTG LN NT CL A-2 VAR RT- 19947.24 SHS 19,648 14,273
    FED HOME LN MTG CORP PRTN CTFS GRP #D9-6160 4.5%- 37142.53 SHS 36,650 40,146
    FED HOME LN MTG CORP PARTN CTFS GRP #E7-0609 6.0% - 3031.2 SHS 3,006 3,287
    FED HOME LN MTG CORP PRTN CTFS GRP #P1-0032 4.5%- 18771.56 SHS 18,504 19,670
    FED HOME LN MTG CORP PRTN CTFS GRP #E0-0556 7.0%- 2996.35 SHS 3,054 3,104
    FEDL HOME LN MTG CORP PRTN CTFS GRP #E0-1647 4.0%- 3986.62 SHS 3,971 4,207
    FED HOME LN MTG CORP PRTN CTFS GRP #C9-0261 6.5%- 11787.53 SHS 12,296 13,153
    FED HOME LN MTG CORP PRTN CTFS GRP #C9-0473 6.5%- 8163.97 SHS 8,516 9,110
    FED HOME LN MTG CORP PRTN CTFS GRP #C9-0600 6.0%- 21846.27 SHS 22,215 24,001
    FEDL NATL MTG ASSN GTD REMIC PASS THRU CTF REMIC TR 1993-082 CL-H 7%- 15414. 15,988 18,148
    FEDL NATL MTG ASSN GTD REMIC PASS THRU TR REMIC TR 1999-14 CL-MB 6.5%- 10323 10,478 11,745
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #251625 6.5%- 17453.23 SHS 18,249 19,428
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #254199 6.5%- 17594.54 SHS 18,353 19,586
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #254682 5%- 2022.24 SHS 2,049 2,167
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #420032 6%- 1661.56 SHS 1,640 1,794
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #426271 6.5%- 568.38 SHS 572 593
    FEDL NATL MTG ASSN GTD REMIC PASS THRU TR REMIC TR 2001-69 CL-OG 5.5%- 25714 25,904 27,508
    FEDL HOME LN MTG CORP MULTICL MTG PRTN CTFS GTD SER 2561 CL AE 5%- 9914.94 S 10,051 9,988
    FEDL NATL MTG ASSN GTD REMIC PASS TH CTF REMIC 2003-81 CL 81-LC 4.5%- 3000 28,425 32,270
    FEDL NATL MTG ASSN GTD REMIC PASS THRU TR REMIC 2005-37 CL KN 4.5%- 18782 18,019 19,729
    FEDL NATL MTG ASSN GTD REMIC PASS THRU TR REMIC TR 2005-40 CL AC 4.5%- 4037. 3,845 4,089
    FEDL HOME LN MTG CORP MULTICL MTG PRTN CTFS GTD SER 2744 CL 2744- 18304.57 S 17,944 19,271
    FEDL HOME LN MTG CORP MULTICL MTG PRTN CTFS GTD SER 2930 CL MD 5%- 19735.01 19,143 19,955
    FEDL HOME LN MTG CORP MULTICL MTG PRTN CTFS GTD SER 3377 CL VB 4.5%- 50000 S 45,719 53,477
    FEDL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #725017 5.5% -22609.71 SHS 23,069 25,182
    GNMA II GTD PASS THRU CTF ISSUER POOL #0002324 8.0%- 4358.24 SHS 4,485 5,216
    GNMA II GTD PASS THRU CTF MULT POOL #0002699 6.00%- 19741.81 SHS 19,362 22,451
    GNMA MTG PASS THRU CTF POOL NBR 481621 7.00% DUE 08/15/2029 - 2459.21 SHS 2,461 2,871
    GNMA GTD PASS THRU CTF POOL NBR 483634 6.00% DUE 09/15/2013 - 7606.95 SHS 7,611 8,312
    NATIONAL SEMICONDUCTOR CORP SR NT 2017 6.60% DUE 6/15/2017 - 10000 SHS 11,903 12,283
    BANK OF NEW YORK MELLON NOTES 4.6% JAN 15 2020 DTD 11/16/2009 - 5000 SHS 4,990 5,443
    U S A NOTES 3 3/8% NOV 15 2019 DTD 11/16/2009 - 85000 SHS 90,053 96,893
    FREDDIE MAC SER 3212 CL BK 5.5% SEP 15 2036 DTD 09/01/2006 - 42000 SHS 45,150 47,175
    WESTPAC BANKING CORP NOTES 4 7/8% NOV 19 2019 DTD 11/19/2009 - 7000 SHS 6,995 7,447
    BLACKROCK INC 5% DEC 10 2019 DTD 12/10/2009 - 5000 SHS 4,958 5,457
    BANK OF NOVA SCOTIA 3.4% JAN 22 2015 DTD 01/22/2010 - 8000 SHS 7,990 8,403
    CBS CORP 5 3/4% APR 15 2020 DTD 04/05/2010 - 4000 SHS 3,995 4,497
    CNA FINANCIAL CORP 5 7/8% AUG 15 2020 DTD 08/10/2010 - 3000 SHS 2,991 3,082
    AON CORP SR NOTES 3 1/2% SEP 30 2015 DTD 09/10/2010 - 2000 SHS 1,990 2,052
    TOTAL CAPITAL SA 2.3% MAR 15 2016 DTD 09/15/2010 - 5000 SHS 5,054 5,132
    U S A NOTES 2 5/8% NOV 15 2020 DTD 11/15/2010 - 50000 SHS 45,729 53,828
    BP CAPITAL MARKETS PLC 4.742% MAR 11 2021 DTD 03/11/2011 - 10000 SHS 10,000 11,327
    INTEL CORP 3.3% OCT 01 2021 DTD 09/19/2011 - 5000 SHS 5,157 5,267
    TEVA PHARMACEUT FIN BV 2.4% NOV 10 2016 DTD 11/10/2011 - 5000 SHS 5,006 5,085
    FHLMC SER 3575 CL EB 4% SEP 15 2024 DTD 09/01/2009 - 25000 SHS 26,703 27,005
    FHLMC SER 3662 CL PJ 5% APR 15 2040 DTD 04/01/2010 - 25000 SHS 28,047 28,128
    LEHMAN BR6S HLDGS INC NTS 7 7/8% AUG 15 2010 IN DEFAULT - 50000 SHS 54,844 12,813
    CAPITAL ONE FINANCIAL CO SUB NOTES 6.15% SEP 1 2016 DTD 8/29/2006 - 5000 SHS 5,169 5,203
    INTUIT INC 5 3/4% MAR 15 2017 DTD 3/12/2007 - 10000 SHS 11,342 11,218
    FANNIE MAE NOTES 5 3/8% JUN 12 2017 DTD 06/08/2007 - 35000 SHS 42,248 42,288
    HEWLETT-PACKARD CO NOTES 5 1/2% MAR 01 2018 DTD 03/03/2008 - 10000 SHS 9,992 11,115
    U S A NOTES 3.125% AUG 31 2013 DTD 09/02/2008 - 70000 SHS 73,071 73,336
    DOW CHEMICAL COMPANY 5.7% MAY 15 2018 DTD 05/06/2008 - 10000 SHS 11,039 11,141
    GOLDMAN SACHS GROUP INC SR NTS 7 1/2% FEB 15 2019- 15000 SHS 17,546 16,566
    ANADARKO PETROLEUM CORP NOTES 8.7% MAR 15 2019 DTD 03/05/2009 - 5000 SHS 4,945 6,384
    SIMON PROPERTY GRP LP SR NTS 10.35% APR 1 2019 - 5000 SHS 6,972 6,864
    AFLAC INC SR NOTES 8 1/2% MAY 15 2019 DTD 05/21/2009 - 5000 SHS 6,362 6,128
    VODAFONE GROUP PLC 4.15% JUN 10 2014 DTD 06/10/2009 - 5000 SHS 4,997 5,302
    BUNGE LIMITED FINANCE CO 8 1/2% JUN 15 2019 DTD 06/09/2009 - 10000 SHS 10,261 12,172
    U S A NOTES 3 5/8% AUG 15 2019 DTD 08/15/2009 - 45000 SHS 44,742 52,119
    U S A NOTES 1% OCT 31 2016 DTD 10/31/2011 - 100000 SHS 100,543 100,969
    LOWE'S COMPANIES INC 3.8% NOV 15 2021 DTD 11/23/2011 - 5000 SHS 5,050 5,250

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 595 SHS 29,416 33,457
    ALLERGAN INC - 210 SHS 17,604 18,425
    AMAZON COM INC - 360 SHS 49,666 62,316
    ANADARKO PETROLEUM CORP - 430 SHS 31,689 32,822
    APPLE INC. - 425 SHS 79,765 172,125
    AUTOZONE INC - 70 SHS 20,124 22,748
    BAKER HUGHES INC - 310 SHS 18,288 15,078
    CVS CAREMARK CORPORATION - 490 SHS 15,182 19,982
    CAMPBELL SOUP COMPANY - 725 SHS 25,845 24,099
    CAPITAL ONE FINANCIAL CORP - 560 SHS 25,379 23,682
    CARDINAL HEALTH INC - 925 SHS 28,717 37,564
    CELGENE CORPORATION - 525 SHS 28,127 35,490
    CISCO SYSTEMS INC - 3050 SHS 58,581 55,144
    CITRIX SYSTEMS INC - 215 SHS 12,419 13,055
    COCA-COLA CO - 400 SHS 27,182 27,988
    COLGATE PALMOLIVE CO - 280 SHS 22,795 25,869
    DARDEN RESTAURANTS INC - 290 SHS 12,289 13,218
    E I DU PONT DE NEMOURS & CO - 1372 SHS 53,261 62,810
    E M C CORP MASS - 1025 SHS 20,969 22,079
    EMERSON ELECTRIC CO - 536 SHS 28,893 24,972
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 556 SHS 20,078 20,455
    GENERAL ELECTRIC CO - 1580 SHS 25,700 28,298
    GENERAL MILLS INC - 675 SHS 20,189 27,277
    HOME DEPOT INC - 500 SHS 16,891 21,020
    HUMANA INC - 500 SHS 38,992 43,805
    JOHNSON & JOHNSON - 825 SHS 51,739 54,104
    JOHNSON CONTROLS INC - 2000 SHS 50,250 62,520
    LAM RESEARCH CORP - 200 SHS 8,774 7,404
    THE ESTEE LAUDER COMPANIES INC CL A - 170 SHS 17,237 19,094
    LENNAR CORP - 875 SHS 13,075 17,194
    LOWES COMPANIES INC - 2161 SHS 46,794 54,846
    MICROS SYSTEMS INC - 180 SHS 8,708 8,384
    MICROSOFT CORP - 4427 SHS 110,224 114,925
    NIKE INC B - 375 SHS 22,975 36,139
    NORFOLK SOUTHERN CORP - 1050 SHS 50,824 76,503
    OCCIDENTAL PETROLEUM CORP - 867 SHS 68,406 81,238
    ORACLE CORP - 1850 SHS 42,576 47,453
    PACCAR INC - 950 SHS 30,717 35,597
    PFIZER INC - 3360 SHS 52,600 72,710
    PIONEER NATURAL RESOURCES CO - 130 SHS 9,674 11,632
    PROCTER & GAMBLE CO - 1022 SHS 64,770 68,178
    QUALCOMM INC - 925 SHS 40,093 50,598
    T ROWE PRICE INTERNATIONAL FUNDS INC NEW ASIA FUND - 24106.206 SHS 324,931 335,317
    SCHLUMBERGER LTD - 930 SHS 77,747 63,528
    SOUTHWESTERN ENERGY CO - 252 SHS 9,944 8,049
    UNITED TECHNOLOGIES CORP - 998 SHS 59,449 72,944
    VERTEX PHARMACEUTICALS INC - 420 SHS 11,532 13,948
    WILLIAMS COMPANIES INC - 1089 SHS 32,885 35,959
    XILINX CORP - 992 SHS 31,087 31,804
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 575 SHS 30,878 36,978
    WELLS FARGO & CO - 3022 SHS 70,903 83,286
    THORNBURG VALUE FUND FD CL I - 9592.629 SHS 288,067 286,724
    JPM REALTY INCOME FD - INSTL FUND 1372 - 41492.495 SHS 379,656 423,638
    BANK OF AMERICA CORP - 3137 SHS 54,031 17,442
    GOLDMAN SACHS GROUP INC - 380 SHS 38,006 34,363
    DEVON ENERGY CORP - 180 SHS 12,347 11,160
    EOG RESOURCES INC - 180 SHS 18,435 17,732
    HONEYWELL INTERNATIONAL INC - 702 SHS 30,105 38,154
    DOMINION RESOURCES INC VA - 390 SHS 19,654 20,701
    TARGET CORP - 500 SHS 23,646 25,610
    UNITEDHEALTH GROUP INC - 640 SHS 26,528 32,435
    ISHARES S&P MIDCAP 400 INDEX FUND - 2900 SHS 198,773 254,069
    VERIZON COMMUNICATIONS INC - 1204 SHS 41,796 48,304
    GLOBAL PAYMENTS INC - 300 SHS 14,456 14,214
    US BANCORP DEL - 1000 SHS 22,460 27,050
    DODGE & COX INTERNATIONAL STOCK - 41034.599 SHS 1,390,339 1,199,852
    YUM BRANDS INC - 980 SHS 34,021 57,830
    ARTISAN INTL VALUE FUND - INV - 27122.07 SHS 717,645 680,493
    CENTERPOINT ENERGY INC - 1944 SHS 33,359 39,055
    COMCAST CORP CL A - 1125 SHS 20,438 26,674
    CARNIVAL CORPORATION - 800 SHS 28,194 26,112
    ASTON OPTIMUM MID CAP FUND I - 26184.955 SHS 869,602 784,763
    JPM MARKET EXPANSION INDEX FD - SEL FUND 3708 - 48114.119 SHS 311,298 465,264
    JPM INTL VALUE FD - SEL FUND 1296 - 9197.828 SHS 118,744 103,108
    JPM ASIA 3 FD - SEL FUND 1134 - 25734.703 SHS 879,140 740,130
    MANAGERS AMG FUNDS-TIMESSQUARE MID CAP GROWTH FUND - 78145.858 SHS 576,198 1,032,307
    JPM US LRGE CAP CORE PLUS FD - SEL FUND 1002 - 12785.906 SHS 258,823 252,394
    AT&T INC - 1303 SHS 43,307 39,403
    CBS CORP CLASS B W/I - 1362 SHS 36,929 36,965
    JPM TR I GROWTH ADVANTAGE FD - SEL FUND 1567 - 111781.626 SHS 1,035,288 971,382
    CAMERON INTERNATIONAL CORPORATION - 260 SHS 13,806 12,789
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 18108 SHS 493,124 486,019
    HARTFORD CAPITAL APPRECIATION FUND - 24219.314 SHS 719,756 697,758
    MANNING & NAPIER FUND INC WORLD OPPORTUNITIES SERIES FUND - 113076.179 SHS 1,015,486 749,695
    MANNING & NAPIER FUND INC 3 SERIES - 69594.306 SHS 1,290,771 1,210,245
    IVY LARGE CAP GROWTH FUND - I - 96662.117 SHS 1,297,004 1,312,672
    INVESCO LTD - 1265 SHS 24,612 25,414
    BLACKSTONE PARTNERS OFFSHORE FUND LTD. CLASS H2- 1362.89 SHS 1,500,000 1,552,591
    NETAPP INC - 270 SHS 9,623 9,793
    ACE LTD NEW - 450 SHS 23,860 31,554
    SPDR GOLD TRUST - 3762 SHS 374,101 571,786
    TYCO INTERNATIONAL LTD - 750 SHS 29,420 35,033
    TIME WARNER INC NEW - 2375 SHS 61,238 85,833
    OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD. CL G PRIME - 12138.567 SHS 1,500,000 1,561,855
    MERCK AND CO INC - 2456 SHS 84,067 92,591
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 55315.629 SHS 906,430 947,557
    NEXTERA ENERGY INC - 420 SHS 24,052 25,570
    STANDARD PACIFIC CAPITAL OFFSHORE FUND, LTD. CL A SER D - 4505.32 SHS 0 4,505
    BLACKSTONE REAL ESTATE CMBS OFFSHORE FUND LTD. - 500 SHS 500,000 494,813
    STANDARD PACIFIC CAPITAL OFFSHORE FUND, LTD CL A SER D - 9083.312 SHS 1,000,000 930,349
    SG CONT BUFF EQ SPX 6/15/12 75% CONTIN BARRIER - 8.5%CPN- 500000 SHS 493,750 522,850
    BARC CONT BUFF EQ SPX 7/13/12 75% CONTIN BARRIER - 4.5%CPN- 750000 SHS 740,625 761,325
    DB BREN EAFE 2/1/12 10%BUFFER-2XLEV-8.609%CAP- 500000 SHS 495,000 446,200
    MAVERICK FUND, LTD. CLASS C - 500 SHS 500,000 428,878
    CENTAURUS GLOBAL CATALYST FUND, LTD. CLASS A - 625 SHS 625,000 610,671
    CHILTON GLOBAL NATURAL RESOURCES INTERNATIONAL II (BVI) LTD. CL D - 50 SHS 500,000 394,903
    THIRD POINT OFFSHORE FUND, LTD. CLASS F - 6250 SHS 625,000 604,938
    MALTA MLC OFFSHORE, LTD - 500 SHS 500,000 457,810
    CS REN SPX 3/14/12 2XLEV-8.6%CAP-17.2%- 750000 SHS 742,500 723,525
    PERELLA WEINBERG PARTNERS XERION OFFSHORE LTD. CLASS B1X - 625 SHS 625,000 473,157
    GRACIE INTERNATIONAL CREDIT OPPORTUNITIES FUND, LTD CLASS B - 483.144 SHS 1,000,000 994,405
    COVIDIEN PLC NEW - 693 SHS 29,209 31,192
    SOUTHPAW CREDIT OPPORTUNITY FUND (FTE) LTD. CLASS C - 10000 SHS 1,000,000 970,120
    GS REN SPX 4/10/12 2XLEV-9.24%CAP- 750000 SHS 742,500 726,668
    JOHN HANCOCK II-EMG MKTS-I - 48165.243 SHS 492,597 436,377
    CITIGROUP INC NEW - 1200 SHS 45,054 31,572
    GS BREN EAFE 06/06/12 10%BUFFER-2 XLEV- 8.36%CAP - 500000 SHS 495,000 428,190
    PERRY INVESTORS OFFSHORE LTD. CLASS Q - 625 SHS 625,000 565,638
    BARC CONT BUFF EQ SPX 06/13/12 80% CONTIN BARRIER- 2.74%CPN- 750000 SHS 742,500 724,350
    GS GSCI BRENT CRUDE CPN NOTE 6/13/12 LNKD SPGCBRP INDEX 10%CPN- 500000 SHS 495,000 495,530
    PROVIDENCE VII PRIVATE INVESTORS, LP (OFFSHORE) CL A - 500000 SHS 0 0
    BARC BREN EAFE 8/29/12 10%BUFFER-2 XLEV- 10.25%CAP - 450000 SHS 445,500 429,615
    PAULSON ENHANCED LTD. CL C - 5000 SHS 500,000 429,650
    BROADCOM CORP CL A - 330 SHS 13,174 9,689
    JUNIPER NETWORKS INC - 1645 SHS 38,036 33,574
    EXXON MOBIL CORP - 1068 SHS 74,233 90,524
    METLIFE INC - 1335 SHS 49,554 41,625
    MONSANTO CO - 215 SHS 14,939 15,065
    KRAFT FOODS INC CLASS A - 1293 SHS 44,644 48,306
    PRUDENTIAL FINANCIAL INC - 604 SHS 24,351 30,272
    CONOCOPHILLIPS - 727 SHS 39,753 52,976
    BIOGEN IDEC INC - 363 SHS 22,572 39,948
    BAIDU INC SPONS ADR - 130 SHS 11,984 15,141
    INTERCONTINENTAL EXCHANGE INC - 85 SHS 9,487 10,247
    TD AMERITRADE HOLDING CORPORATION - 859 SHS 14,090 13,443
    MASTERCARD INC - CLASS A - 60 SHS 12,054 22,369
    GENERAL MOTORS CO - 1060 SHS 36,029 21,486
    DB CONT BUFF EQ SPX 10/24/12 80% CONTIN BARRIER- 9%CPN- 450000 SHS 445,500 481,995
    GS BREN EEM 11/07/12 10%BUFFER-2 XLEV- 12.5%CAP- 450000 SHS 445,500 448,538

    TY 2011 OtherDecreasesSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Description Amount
    ADJUSTMENT: MUTUAL FUND TIMING DIFFERENCE 1,379


    TY 2011 OtherExpensesSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 7 7   0
    POWERSHARES DB COMMODITY INDEX TRACKING FUND 0 4,078   0
    BREVAN HOWARD EMERGING MARKETS LOCAL FIXED INC FD 0 248   0


    TY 2011 OtherIncreasesSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Description Amount
    RETURN OF CAPITAL 1,486
    ROUNDING 2


    TY 2011 TaxesSchedule
    Name:
    CHARLES J LYNN TRUST UW R60707008
    EIN: 35-6009281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATE EXCISE TAX - CURRENT YEAR 84,508 0   0
    EXCISE TAX PAID - PRIOR YEAR 8,279 0   0
    FOREIGN TAXES WITHHELD 11,254 11,254   0