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
R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
 

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

13-6745231
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$37,815,394
J 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 1,074 1,074  
4 Dividends and interest from securities...... 810,880 811,341  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,220,233
b Gross sales price for all assets on line 6a 18,408,134
7 Capital gain net income (from Part IV, line 2)... 2,242,119
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)....... 3,754 2,839  
12 Total. Add lines 1 through 11........ 3,035,941 3,057,373  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 232,997 174,748   58,249
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) 79,966 17,554   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 2 7,348   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 312,965 199,650   58,249
25 Contributions, gifts, grants paid........ 1,942,316 1,942,316
26 Total expenses and disbursements. Add lines 24 and 25 2,255,281 199,650   2,000,565
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 780,660
b Net investment income (if negative, enter -0-) 2,857,723
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............... 47,557 194,236 194,236
2 Savings and temporary cash investments.......... 1,709,429 1,052,272 1,052,272
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)........ 25,261,001 Click to see attachment28,585,196 28,497,217
c Investments—corporate bonds (attach schedule)........ 10,076,838 Click to see attachment8,048,147 7,970,053
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) Click to see attachment79,308 Click to see attachment79,308 Click to see attachment101,616
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,174,133 37,959,159 37,815,394
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......... 37,174,133 37,959,159
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).................... 37,174,133 37,959,159
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 37,174,133 37,959,159
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 37,174,133
2 Enter amount from Part I, line 27a..................... 2 780,660
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,408
4 Add lines 1, 2, and 3.......................... 4 37,959,201
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 42
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 37,959,159
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 TRACKINGI INDEX FD- ST CAP LOSS P    
c POWERSHARES DB COMMODITY TRACKINGI INDEX FD- LT CAP GAIN P    
d POWERSHARES DB COMMODITY TRACKINGI INDEX FD- SEC 1256 CAP GAIN 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 17,968,208   16,187,901 1,780,307
b       -4,052
c       19,452
d       6,486
e 439,926     439,926
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       1,780,307
b       -4,052
c       19,452
d       6,486
e       439,926
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 2,242,119
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 1,743,470 39,269,928 0.044397
2009 1,327,674 35,077,061 0.037850
2008 755,685 42,443,288 0.017805
2007      
2006      
2 Total of line 1, column (d) ...................... 2 0.100052
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 0.033351
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 40,899,638
5 Multiply line 4 by line 3....................... 5 1,364,044
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 28,577
7 Add lines 5 and 6......................... 7 1,392,621
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,000,565
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 28,577
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 28,577
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 28,577
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 56,030
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 56,030
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 27,453
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet27,453 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)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    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 (973) 285-2236
    Located atbullet225 SOUTH STREET FL 1MORRISTOWNNJ ZIP+4bullet07960
    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
    232,997 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
    39,366,345
    b
    Average of monthly cash balances.......................
    1b
    2,156,130
    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
    41,522,475
    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
    41,522,475
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    622,837
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,899,638
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,044,982
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,044,982
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    28,577
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    28,577
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,016,405
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,016,405
    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
    2,016,405
    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
    2,000,565
    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
    2,000,565
    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
    28,577
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,971,988
    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 2,016,405
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 1,942,316
    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$ 2,000,565
    a Applied to 2010, but not more than line 2a 1,942,316
    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..... 58,249
    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 ..........
    1,958,156
    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
    PRINCETON UNIVERSITY
    701 CARNEGIE CENTER STE 154
    PRINCETON,NJ08540
    NONE PUBLIC CHARITY PROGRAM SUPPORT 1,942,316
    Total .................................bullet 3a 1,942,316
    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 1,074  
    4 Dividends and interest from securities....     14 810,880  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16    
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     01 3,754  
    8Gain or (loss) from sales of assets other than inventory     18 2,220,233  
    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 3,035,941 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,035,941
    (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 InvestmentsCorpBondsSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK HIGH YIELD BOND - 220457.433 SHS 1,735,000 1,629,180
    JPM HIGH YIELD FD - SEL - 205340.095 SHS 1,567,194 1,564,692
    JPM SHORT DURATION BOND FD - SEL - 241584.466 SHS 2,556,075 2,645,350
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 29118.662 SHS 413,485 383,202
    JPM STR INC OPP FD - 35576.674 SHS 388,497 403,084
    JPM INTL CURRENCY INCOME FD 72782.493 SHS 794,057 788,234
    BARC 93% PPN CURRENCY BASKET 9/13/13 - 300000 SHS 297,479 281,550
    GS 95% PP CMIT BASKET 11/18/13 - 300000 SHS 296,360 274,761

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 315 SHS 14,192 17,712
    ALLERGAN INC - 110 SHS 9,233 9,651
    AMAZON COM INC - 190 SHS 31,521 32,889
    ANADARKO PETROLEUM CORP - 230 SHS 16,997 17,556
    APPLE INC. - 225 SHS 54,316 91,125
    AUTOZONE INC - 40 SHS 11,494 12,999
    BAKER HUGHES INC - 160 SHS 9,364 7,782
    CVS CAREMARK CORPORATION - 255 SHS 3,070 10,399
    CAMPBELL SOUP COMPANY - 375 SHS 13,157 12,465
    CAPITAL ONE FINANCIAL CORP - 296 SHS 13,442 12,518
    CARDINAL HEALTH INC - 485 SHS 17,802 19,696
    CELGENE CORPORATION - 255 SHS 12,959 17,238
    CISCO SYSTEMS INC - 1605 SHS 24,817 29,018
    CITRIX SYSTEMS INC - 110 SHS 6,353 6,679
    COCA-COLA CO - 210 SHS 14,230 14,694
    COLGATE PALMOLIVE CO - 152 SHS 12,298 14,043
    DARDEN RESTAURANTS INC - 150 SHS 6,359 6,837
    DELAWARE EMERGING MARKETS FUND - 52578.542 SHS 887,000 655,654
    E I DU PONT DE NEMOURS & CO - 726 SHS 31,405 33,236
    E M C CORP MASS - 500 SHS 11,726 10,770
    EMERSON ELECTRIC CO - 285 SHS 15,307 13,278
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 293 SHS 7,314 10,779
    GENERAL ELECTRIC CO - 840 SHS 13,663 15,044
    GENERAL MILLS INC - 375 SHS 12,964 15,154
    HOME DEPOT INC - 200 SHS 6,757 8,408
    HUMANA INC - 270 SHS 21,388 23,655
    JOHNSON & JOHNSON - 440 SHS 28,346 28,855
    JOHNSON CONTROLS INC - 1055 SHS 29,817 32,979
    LAM RESEARCH CORP - 110 SHS 4,826 4,072
    THE ESTEE LAUDER COMPANIES INC CL A - 90 SHS 9,130 10,109
    LENNAR CORP - 460 SHS 6,918 9,039
    LOWES COMPANIES INC - 1149 SHS 25,436 29,162
    MICROS SYSTEMS INC - 90 SHS 4,489 4,192
    MICROSOFT CORP - 2343 SHS 52,447 60,824
    NIKE INC B - 180 SHS 12,679 17,347
    NORFOLK SOUTHERN CORP - 555 SHS 28,160 40,437
    OCCIDENTAL PETROLEUM CORP - 456 SHS 35,040 42,727
    ORACLE CORP - 925 SHS 26,614 23,726
    PACCAR INC - 470 SHS 17,448 17,611
    PFIZER INC - 1788 SHS 28,766 38,692
    PIONEER NATURAL RESOURCES CO - 70 SHS 5,209 6,264
    PROCTER & GAMBLE CO - 540 SHS 31,647 36,023
    QUALCOMM INC - 495 SHS 21,280 27,077
    T ROWE PRICE INTERNATIONAL FUNDS INC NEW ASIA FUND - 44804.214 SHS 636,668 623,227
    SPDR S&P 500 ETF TRUST - 7111 SHS 731,068 892,431
    SCHLUMBERGER LTD - 494 SHS 41,023 33,745
    SOUTHWESTERN ENERGY CO - 134 SHS 5,287 4,280
    UNITED TECHNOLOGIES CORP - 520 SHS 37,340 38,007
    VERTEX PHARMACEUTICALS INC - 220 SHS 6,083 7,306
    WILLIAMS COMPANIES INC - 578 SHS 17,492 19,086
    XILINX CORP - 518 SHS 16,237 16,607
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 305 SHS 18,997 19,615
    WELLS FARGO & CO - 1605 SHS 36,271 44,234
    THORNBURG VALUE FUND FD CL I - 27479.903 SHS 951,594 821,374
    BANK OF AMERICA CORP - 1650 SHS 16,041 9,174
    GOLDMAN SACHS GROUP INC - 205 SHS 21,384 18,538
    DEVON ENERGY CORP - 95 SHS 6,300 5,890
    EOG RESOURCES INC - 95 SHS 6,429 9,358
    HONEYWELL INTL INC - 374 SHS 18,440 20,327
    DOMINION RESOURCES INC VA - 210 SHS 10,583 11,147
    TARGET CORP - 275 SHS 13,031 14,086
    UNITEDHEALTH GROUP INC - 340 SHS 15,348 17,231
    ISHARES S&P MIDCAP 400 INDEX FD - 8846 SHS 633,507 774,998
    VERIZON COMMUNICATIONS INC - 630 SHS 19,071 25,276
    GLOBAL PAYMENTS INC - 175 SHS 8,959 8,292
    US BANCORP DEL - 525 SHS 10,625 14,201
    DODGE & COX INTL STOCK - 51651.553 SHS 1,678,358 1,510,291
    YUM BRANDS INC - 500 SHS 20,879 29,505
    ARTISAN INTL VALUE FUND - INV - 46555.896 SHS 1,173,142 1,168,087
    CENTERPOINT ENERGY INC - 1029 SHS 18,324 20,673
    COMCAST CORP CL A - 600 SHS 12,901 14,226
    CARNIVAL CORPORATION - 425 SHS 14,952 13,872
    ASTON FDS TAMRO S CAP I - 39542.59 SHS 534,616 736,283
    JPM LARGE CAP GROWTH FD - SEL - 59743.954 SHS 1,260,000 1,282,105
    JPM US REAL ESTATE FD - SEL - 23985.385 SHS 285,186 388,323
    JPM MARKET EXPANSION INDEX FD - SEL - 130756.602 SHS 1,228,482 1,264,416
    JPM ASIA EQU FD - SEL - 22532.412 SHS 606,122 648,032
    MANAGERS AMG FDS-TIMESSQUARE MID CAP GROWTH FD - 90489.107 SHS 1,101,342 1,195,361
    VANGUARD MSCI EMERGING MARKETS ETF - 9961 SHS 427,341 380,610
    JPM US LRGE CAP CORE PLUS FD - SEL - 47337.137 SHS 874,317 934,435
    AT&T INC - 682 SHS 22,860 20,624
    CBS CORP CLASS B W/I - 717 SHS 19,462 19,459
    EDGEWOOD GROWTH FUND - 73018.663 SHS 841,175 852,858
    CAMERON INTL CORPORATION - 135 SHS 6,948 6,641
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 29941 SHS 640,336 803,616
    HARTFORD CAPITAL APPRECIATION FUND - 39828.597 SHS 1,192,273 1,147,462
    MANNING & NAPIER FUND INC WORLD OPPS SERIES FUND - 190719.469 SHS 1,757,775 1,264,470
    EATON VANCE MUT FDS TR GLOBAL MACRO - I - 122687.005 SHS 1,267,000 1,204,786
    INVESCO LTD - 665 SHS 13,425 13,360
    K2 OVERSEAS LONG SHORT FUND I, LTD. CLASS B - 900 SHS 900,000 850,296
    NETAPP INC - 140 SHS 4,990 5,078
    SPDR GOLD TRUST - 3800 SHS 351,671 577,562
    ACE LTD NEW - 235 SHS 13,318 16,478
    TYCO INTERNATIONAL LTD - 400 SHS 17,337 18,684
    TIME WARNER INC NEW - 1258 SHS 36,238 45,464
    MERCK AND CO INC - 1304 SHS 42,874 49,161
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 49322.492 SHS 795,464 844,894
    NEXTERA ENERGY INC - 220 SHS 12,628 13,394
    DB BREN SPX 1/6/12 - 400000 SHS 396,000 410,840
    DB BREN ASIA BASKET 01/06/12 - 400000 SHS 396,000 367,560
    DB BREN EAFE 2/1/12 - 400000 SHS 396,000 356,960
    DB CALLABLE REN SPX 2/1/12 - 400000 SHS 396,000 393,360
    CS BREN EAFE 2/29/12 - 400000 SHS 396,000 346,800
    DB REN SPX 2/29/12 - 400000 SHS 396,000 381,400
    COVIDIEN PLC NEW - 368 SHS 17,590 16,564
    GS BREN EAFE 4/10/12 - 400000 SHS 396,000 346,176
    JOHN HANCOCK II-EMG MKTS-I - 43279.851 SHS 511,135 392,115
    CITIGROUP INC NEW - 632 SHS 22,785 16,628
    HSBC BREN EAFE 05/31/12 - 450000 SHS 445,500 383,400
    BARC CONT BUFF EQ SPX 06/13/12- 650000 SHS 643,500 627,770
    MS CONT BUFF EQ SPX 8/15/12 - 650000 SHS 643,500 630,403
    HSBC CONT BUFF EQ SPX 09/19/12 - 450000 SHS 445,500 469,485
    BROADCOM CORP CL A - 170 SHS 5,651 4,991
    JUNIPER NETWORKS INC - 870 SHS 22,212 17,757
    EXXON MOBIL CORP - 540 SHS 35,123 45,770
    METLIFE INC - 700 SHS 26,698 21,826
    MONSANTO CO - 110 SHS 7,617 7,708
    KRAFT FOODS INC CLASS A - 689 SHS 23,792 25,741
    PRUDENTIAL FINANCIAL INC - 321 SHS 13,946 16,089
    CONOCOPHILLIPS - 389 SHS 22,012 28,346
    BIOGEN IDEC INC - 193 SHS 14,485 21,240
    BAIDU INC SPONS ADR - 65 SHS 6,481 7,571
    INTERCONTINENTAL EXCHANGE INC - 45 SHS 5,023 5,425
    TD AMERITRADE HOLDING CORPORATION - 456 SHS 8,232 7,136
    MASTERCARD INC - CLASS A - 30 SHS 5,417 11,185
    GENERAL MOTORS CO - 535 SHS 17,903 10,844
    HSBC BREN SPX 11/02/12 - 380000 SHS 376,200 387,296
    GS BREN EEM 11/05/12 - 400000 SHS 396,000 401,480

    TY 2011 OtherAssetsSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER ASSETS- REAL ESTATE IN MINNEAPOLIS, MN 79,300 79,300 101,616
    MINERAL PROPERTIES- MN 8 8 0


    TY 2011 OtherDecreasesSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Description Amount
    ADJUSTMENT - MUTUAL FUND TIMING DIFFERENCES 42


    TY 2011 OtherExpensesSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEE 2 2   0
    POWERSHARES DB COMMODITY TRACKING INDEX FD 0 7,346   0


    TY 2011 OtherIncomeSchedule2
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORIGINAL ISSUE DISCOUNT INCOME 2,839 2,839 2,839
    FEDERAL EXCISE TAX REFUND 915 0 915


    TY 2011 OtherIncreasesSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Description Amount
    ADJUSTMENT- RETURN OF CAPITAL 4,408


    TY 2011 TaxesSchedule
    Name:
    R H TAYLOR FOR PRINCETON UNIVERSITY P63143005
    EIN: 13-6745231
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 16,425 16,425   0
    REAL ESTATE TAX- MN 1,129 1,129   0
    FEDERAL EXCISE TAX- PRIOR YEAR 6,382 0   0
    ESTIMATED FEDERAL EXCISE TAX- CURRENT YEAR 56,030 0   0