TY 2011 Form 990PF

- TIN:

Form990-PF
Click to see attachment

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
The Tommy and Beth Knapp Family
Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 10294 Room/suite

City or town, state, and ZIP code
Newport Beach, CA92658

A Employer identification number

20-0514525

B Telephone number (see page 10 of the instructions)

(562) 624-1848

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$517,285J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	16,449		16,449
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,594
b	Gross sales price for all assets on line 6a 885,827
7	Capital gain net income (from Part IV, line 2)...			1,594
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........	18,043		18,043
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,500	1,500
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		710	710
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		3,163	3,163
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,373		5,373	0
25	Contributions, gifts, grants paid........	43,610			43,610
26	Total expenses and disbursements. Add lines 24 and 25	48,983		5,373	43,610
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-30,940
b	Net investment income (if negative, enter -0-)			12,670
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	1,802	792	57,830
	2	Savings and temporary cash investments..........	36,484	61,768	4,587
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........	526,348	491,450	454,868
	c	Investments—corporate bonds (attach schedule)........	20,316
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	584,950	554,010	517,285
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	584,950	554,010
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	584,950	554,010
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	584,950	554,010

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	584,950
2	Enter amount from Part I, line 27a.....................	2	-30,940
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	554,010
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	554,010

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	25 WISDOM TREE EMERGING MARKET	P	2011-08-12	2011-09-02
b	109 WISDOM TREE EMERGING MARKET	P	2011-08-01	2011-09-02
c	3 WISDOM TREE EMERGING MARKET	P	2011-03-10	2011-09-02
d	10 WISDOM TREE EMERGING MARKET	P	2011-02-18	2011-09-02
e	188 WISDOM TREE EMERGING MARKET	P	2010-08-02	2011-09-01
	192 WISDOM TREE EMERGING MARKET	P	2010-08-02	2011-09-02
	25 WISDOM TREE EMERGING MARKET	P	2010-08-02	2011-04-21
	7 WISDOM TREE EMERGING MARKET	P	2010-08-02	2011-03-22
	2 WESTERN ASSET MORTGAGE DEFINED	P	2011-01-24	2011-03-22
	2 WESTERN ASSET MORTGAGE DEFINED	P	2011-01-24	2011-09-06
	1,757.00 VIRTUS FOREIGN OPPORTUNTIES	P	2011-09-01	2011-10-03
	3,739.01 VIRTUS EMERGING MARKETS	P	2011-09-01	2011-10-03
	465.537 VICTORY FOCUSED GROWTH FUND CL	P	2011-04-21	2011-09-01
	341.455 VICTORY FOCUSED GROWTH FUND CL	P	2011-01-14	2011-09-01
	69 VICTORY FOCUSED GROWTH FUND CL	P	2010-10-01	2011-02-18
	25.016 VICTORY FOCUSED GROWTH FUND CL	P	2010-10-01	2011-03-22
	16 VANGUARD SMALL-CAP	P	2011-02-09	2011-06-02
	4 VANGUARD SMALL-CAP	P	2011-02-09	2011-06-02
	17 VANGUARD SMALL-CAP	P	2011-02-09	2011-06-02
	17 VANGUARD SMALL-CAP	P	2011-02-09	2011-06-02
	162 VANGUARD SMALL-CAP	P	2010-10-01	2011-06-02
	11 VANGUARD SMALL-CAP	P	2010-10-01	2011-02-18
	4 VANGUARD SMALL-CAP	P	2010-10-01	2011-03-22
	8 VANGUARD MSCI EUROPEAN ETF	P	2010-08-02	2011-03-22
	3 VANGUARD MSCI EUROPEAN ETF	P	2010-08-02	2011-04-21
	460 VANGUARD MSCI EUROPEAN ETF	P	2010-08-02	2011-08-01
	48 VANGUARD MSCI EMERGING MKTS	P	2011-08-12	2011-09-01
	132 VANGUARD MSCI EMERGING MKTS	P	2011-08-01	2011-09-01
	5 VANGUARD MSCI EMERGING MKTS	P	2011-03-10	2011-09-01
	470 VANGUARD MSCI EMERGING MKTS	P	2010-08-02	2011-09-01
	9 VANGUARD MSCI EMERGING MKTS	P	2010-08-02	2011-03-22
	29 VANGUARD MSCI EMERGING MKTS	P	2010-08-02	2011-04-21
	18 VANGUARD MSCI EMERGING MKTS	P	2011-02-18	2011-09-01
	15 VANGUARD MID-CAP	P	2011-02-09	2011-06-02
	16 VANGUARD MID-CAP	P	2011-02-09	2011-06-02
	21 VANGUARD MID-CAP	P	2011-02-09	2011-06-02
	16 VANGUARD MID-CAP	P	2011-02-09	2011-06-02
	4 VANGUARD MID-CAP	P	2010-08-02	2011-03-22
	158 VANGUARD MID-CAP	P	2010-08-02	2011-06-02
	8 VANGUARD MID-CAP	P	2010-08-02	2011-02-18
	206 VANGUARD INTL EQUITY INDEX FD	P	2010-08-02	2011-01-14
	24 VANGUARD INTL EQUITY INDEX FD	P	2010-08-02	2011-02-18
	40.019 VANGUARD FIXED INCOME SECS	P	2011-02-18	2011-03-10
	1,104.26 VANGUARD FIXED INCOME SECS	P	2010-08-02	2011-03-10
	432.212 TEMPLETON GLOBAL TOTAL RETURN	P	2011-09-06	2011-10-03
	619.619 TEMPLETON GLOBAL TOTAL RETURN	P	2011-04-21	2011-10-03
	240.796 TEMPLETON GLOBAL TOTAL RETURN	P	2011-08-12	2011-10-03
	15.655 TEMPLETON FRONTIER MARKETS	P	2011-03-10	2011-08-01
	12.64 TEMPLETON FRONTIER MARKETS	P	2010-08-02	2011-03-22
	725.1 TEMPLETON FRONTIER MARKETS	P	2010-08-02	2011-08-01
	18.873 TEMPLETON FRONTIER MARKETS	P	2011-02-18	2011-08-01
	2 RYDEX SGI MANAGED FUTURES	P	2011-01-03	2011-02-18
	935.178 RYDEX SGI MANAGED FUTURES	P	2011-01-03	2011-08-01
	15.561 RYDEX SGI MANAGED FUTURES	P	2011-01-03	2011-03-22
	812.865 PUTNAM DIVERSIFIED INCOME	P	2011-09-06	2011-10-03
	22.513 PUTNAM DIVERSIFIED INCOME	P	2011-08-12	2011-10-03
	45.51 PUTNAM DIVERSIFIED INCOME	P	2011-02-18	2011-10-03
	1,470.76 PUTNAM DIVERSIFIED INCOME	P	2010-01-13	2011-10-03
	49.516 PUTNAM DIVERSIFIED INCOME	P	2009-12-28	2011-03-22
	1,421.52 PUTNAM DIVERSIFIED INCOME	P	2009-12-28	2011-10-03
	38.03 PUTNAM DIVERSIFIED INCOME	P	2010-05-06	2011-10-03
	1,151.79 PRINCIPAL PREFERRED SECURITIES	P	2011-09-06	2011-10-03
	18 PRINCIPAL PREFERRED SECURITIES	P	2011-02-11	2011-02-18
	1,203.08 PRINCIPAL PREFERRED SECURITIES	P	2011-02-11	2011-10-03
	20.018 PRINCIPAL PREFERRED SECURITIES	P	2011-02-11	2011-03-22
	1,016.00 PIMCO UNCONSTRAINED BOND FUND	P	2009-10-21	2011-02-11
	18.014 PIMCO UNCONSTRAINED BOND FUND	P	2009-10-21	2011-03-22
	37 PIMCO UNCONSTRAINED BOND FUND	P	2009-10-21	2011-09-06
	17 PIMCO UNCONSTRAINED BOND FUND	P	2009-10-21	2011-02-18
	38.245 PIMCO FDS - ALL ASSET ALL AUTH	P	2009-11-09	2011-03-22
	207.332 PIMCO ALL ASSET ALL AUTHORITY	P	2010-11-22	2011-09-06
	80.056 PIMCO ALL ASSET ALL AUTHORITY	P	2010-05-06	2011-09-06
	244.015 PIMCO ALL ASSET ALL AUTHORITY	P	2010-01-13	2011-09-06
	28 PIMCO ALL ASSET ALL AUTHORITY	P	2009-11-09	2011-04-21
	686.597 PIMCO ALL ASSET ALL AUTHORITY	P	2009-11-09	2011-09-06
	1,109.99 NEUBERGER BERMAN EQUITY INCOME	P	2011-04-21	2011-10-03
	44.828 NEUBERGER BERMAN EQUITY INCOME	P	2011-03-10	2011-03-22
	2,694.12 NEUBERGER BERMAN EQUITY INCOME	P	2011-03-10	2011-10-03
	12.089 METROPOLITAN WEST TOTAL	P	2011-02-11	2011-04-21
	1,157.50 METROPOLITAN WEST TOTAL	P	2010-08-02	2011-04-21
	18 METROPOLITAN WEST TOTAL	P	2010-08-02	2011-02-18
	490 METROPOLITAN WEST TOTAL	P	2010-08-02	2011-02-02
	19.461 METROPOLITAN WEST TOTAL	P	2010-08-02	2011-03-22
	1,490.49 MANAGERS AMG SYSTEMATIC MID	P	2011-07-15	2011-09-01
	1,540.87 MANAGERS AMG SYSTEMATIC MID	P	2011-06-22	2011-09-01
	43.942 LORD ABBETT SHORT DURATION	P	2010-05-06	2011-03-22
	787.725 LORD ABBETT EMERGING MARKETS	P	2011-09-06	2011-10-03
	145 LORD ABBETT EMERGING MARKETS	P	2011-02-18	2011-10-03
	2,499.85 LORD ABBETT EMERGING MARKETS	P	2010-09-13	2011-10-03
	35 LORD ABBETT EMERGING MARKETS	P	2010-09-13	2011-04-21
	44.591 LORD ABBETT EMERGING MARKETS	P	2010-09-13	2011-03-22
	16.55 LORD ABBETT CONVERTIBLE FD	P	2011-02-02	2011-03-22
	994.622 LORD ABBETT CONVERTIBLE FD	P	2011-02-02	2011-08-01
	30 LORD ABBETT CONVERTIBLE FD	P	2011-02-02	2011-02-18
	27.796 LOOMIS BOND FUND INST'L CLASS	P	2009-05-14	2011-03-22
	1,999.14 JPMORGAN STRATEGIC INCOME	P	2011-09-06	2011-10-03
	807 ISHARES TR DOW JONES SELECT	P	2011-09-01	2011-10-03
	99 ISHARES S&P 500 GROWTH INDEX	P	2011-04-21	2011-09-01
	26 ISHARES S&P 500 GROWTH INDEX	P	2010-10-01	2011-02-18
	7 ISHARES S&P 500 GROWTH INDEX	P	2010-10-01	2011-03-22
	348 ISHARES S&P 500 GROWTH INDEX	P	2010-10-01	2011-09-01
	6 ISHARES MSCI PACIFIC EX-JAPAN	P	2011-08-12	2011-09-01
	128 ISHARES MSCI PACIFIC EX-JAPAN	P	2011-08-01	2011-09-01
	5 ISHARES MSCI PACIFIC EX-JAPAN	P	2010-08-02	2011-02-18
	7 ISHARES MSCI PACIFIC EX-JAPAN	P	2010-08-02	2011-03-22
	258 ISHARES MSCI PACIFIC EX-JAPAN	P	2010-08-02	2011-04-21
	124 ISHARES MSCI PACIFIC EX-JAPAN	P	2010-08-02	2011-06-02
	1,159.00 ISHARES MSCI JAPAN INDEX FUND	P	2010-10-01	2011-01-14
	20 ISHARES MSCI EAFE SMALL CAP	P	2011-08-12	2011-09-01
	18 ISHARES MSCI EAFE SMALL CAP	P	2010-08-02	2011-02-18
	6 ISHARES MSCI EAFE SMALL CAP	P	2010-08-02	2011-03-22
	276 ISHARES MSCI EAFE SMALL CAP	P	2010-08-02	2011-09-01
	55 ISHARES MSCI CANADA INDEX	P	2010-08-02	2011-02-18
	363 ISHARES MSCI CANADA INDEX	P	2010-08-02	2011-04-21
	10 ISHARES MSCI CANADA INDEX	P	2010-08-02	2011-03-22
	185 ISHARES MSCI CANADA INDEX	P	2010-08-02	2011-06-02
	20,000.00 HAWAIIAN ELECT IND	P	2009-08-11	2011-08-15
	28 HATTERAS ALPHA HEDGED	P	2010-05-06	2011-02-18
	19.683 HATTERAS ALPHA HEDGED	P	2010-05-06	2011-03-22
	25 FORWARD TACTICAL GROWTH FUND	P	2010-05-06	2011-02-18
	12.027 FORWARD TACTICAL GROWTH FUND	P	2010-05-06	2011-03-22
	2.326 FORWARD TACTICAL GROWTH FUND	P	2010-08-02	2011-08-01
	14 FEDERATED STRATEGIC VALUE	P	2010-09-01	2011-02-18
	1,635.02 EATON VANCE GLOBAL MACRO	P	2010-11-22	2011-10-03
	30.897 EATON VANCE GLOBAL MACRO	P	2010-11-22	2011-03-22
	112 EATON VANCE GLOBAL MACRO	P	2010-11-22	2011-09-06
	48.715 EATON VANCE GLOBAL MACRO	P	2011-02-18	2011-10-03
	97 EATON VANCE COMMODITY STRATEGY	P	2011-07-15	2011-09-06
	2,547.93 EATON VANCE COMMODITY STRATEGY	P	2011-07-15	2011-10-03
	3.199 DWS RREEF REAL ESTATE SEC	P	2011-08-12	2011-09-01
	456.223 DWS RREEF REAL ESTATE SEC	P	2009-11-09	2011-09-01
	814.672 DWS RREEF REAL ESTATE SEC	P	2010-01-13	2011-09-01
	8.616 DWS RREEF REAL ESTATE SEC	P	2010-02-17	2011-09-01
	3 DWS RREEF ESTATE SECURITIES	P	2009-11-09	2011-03-10
	111 DWS RREEF ESTATE SECURITIES	P	2009-11-09	2011-02-18
	22.307 DWS RREEF ESTATE SECURITIES	P	2009-11-09	2011-03-22
	679.832 DWS FLOATING RATE PLUS FUND	P	2011-02-18	2011-08-12
	643 DWS FLOATING RATE PLUS FUND	P	2010-12-17	2011-08-12
	1,346.13 DWS FLOATING RATE PLUS FUND	P	2010-05-06	2011-08-12
	663 DWS FLOATING RATE PLUS FUND	P	2010-02-17	2011-03-10
	64.201 DWS FLOATING RATE PLUS FUND	P	2010-02-17	2011-03-22
	1,128.34 DWS FLOATING RATE PLUS FUND	P	2010-02-17	2011-08-12
	691 DWS ENHANCED COMMODITY	P	2010-08-02	2011-02-18
	266.09 DWS ENHANCED COMMODITY	P	2010-08-02	2011-03-10
	109.772 DWS ENHANCED COMMODITY	P	2010-08-02	2011-03-22
	78 DWS ENHANCED COMMODITY	P	2010-08-02	2011-04-21
	5,151.44 DWS ENHANCED COMMODITY	P	2010-08-02	2011-07-15
	1,306.60 DWS ENHANCED COMMODITY	P	2010-11-22	2011-07-15
	19.143 DOUBLELINE TOTAL RETURN FUND	P	2011-03-10	2011-03-22
	645.469 CALAMOS CONVERTIBLE FD CL I	P	2010-08-02	2011-02-02

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,405	1,354	51
b	6,126	6,535	-409
c	169	173	-4
d	562	584	-22
e	10,750	9,919	831
	10,790	10,130	660
	1,587	1,319	268
	406	369	37
	45	44	1
	41	44	-3
	36,089	40,868	-4,779
	30,286	35,034	-4,748
	6,629	7,416	-787
	4,862	5,306	-444
	1,106	926	180
	377	336	41
	1,234	1,214	20
	309	304	5
	1,312	1,290	22
	1,312	1,290	22
	12,498	10,302	2,196
	864	700	164
	303	254	49
	409	381	28
	163	143	20
	23,041	21,932	1,109
	2,103	2,038	65
	5,784	6,362	-578
	219	231	-12
	20,595	20,213	382
	419	387	32
	1,467	1,247	220
	789	844	-55
	1,205	1,176	29
	1,285	1,255	30
	1,687	1,647	40
	1,285	1,255	30
	312	257	55
	12,690	10,133	2,557
	644	513	131
	10,301	9,822	479
	1,259	1,144	115
	432	431	1
	11,926	11,937	-11
	5,312	5,783	-471
	7,615	8,464	-849
	2,959	3,205	-246
	249	245	4
	198	190	8
	11,536	10,891	645
	300	308	-8
	52	52
	23,688	24,090	-402
	410	401	9
	5,926	6,129	-203
	164	172	-8
	332	370	-38
	10,722	11,619	-897
	402	387	15
	10,363	11,102	-739
	277	305	-28
	10,758	11,276	-518
	182	181	1
	11,237	12,091	-854
	203	201	2
	11,339	11,247	92
	201	199	2
	410	410
	190	188	2
	410	411	-1
	2,256	2,299	-43
	871	855	16
	2,655	2,528	127
	309	301	8
	7,470	7,387	83
	11,255	12,776	-1,521
	502	501	1
	27,318	30,093	-2,775
	126	125	1
	12,107	12,142	-35
	187	189	-2
	5,086	5,140	-54
	203	204	-1
	15,412	17,826	-2,414
	15,933	18,013	-2,080
	202	202
	4,876	5,262	-386
	898	986	-88
	15,474	16,824	-1,350
	248	236	12
	307	300	7
	197	198	-1
	11,369	11,886	-517
	366	359	7
	403	310	93
	22,470	23,130	-660
	38,292	40,757	-2,465
	6,452	6,896	-444
	1,810	1,547	263
	468	416	52
	22,679	20,704	1,975
	266	255	11
	5,675	6,022	-347
	238	207	31
	320	290	30
	13,045	10,678	2,367
	5,950	5,132	818
	12,901	11,449	1,452
	775	769	6
	789	665	124
	255	222	33
	10,698	10,200	498
	1,828	1,499	329
	12,267	9,891	2,376
	331	272	59
	5,902	5,041	861
	20,000	20,000
	303	283	20
	210	199	11
	687	653	34
	320	314	6
	61	60	1
	63	58	5
	16,105	16,514	-409
	310	312	-2
	1,152	1,131	21
	480	493	-13
	1,091	1,105	-14
	24,588	29,021	-4,433
	59	57	2
	8,381	5,940	2,441
	14,966	11,438	3,528
	158	117	41
	55	39	16
	2,102	1,445	657
	412	290	122
	6,078	6,472	-394
	5,748	6,031	-283
	12,034	12,519	-485
	6,299	6,033	266
	609	584	25
	10,087	10,268	-181
	3,082	2,501	581
	1,205	963	242
	505	397	108
	380	282	98
	23,439	18,648	4,791
	5,945	5,148	797
	212	211	1
	12,277	11,373	904

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			51
b			-409
c			-4
d			-22
e			831
			660
			268
			37
			1
			-3
			-4,779
			-4,748
			-787
			-444
			180
			41
			20
			5
			22
			22
			2,196
			164
			49
			28
			20
			1,109
			65
			-578
			-12
			382
			32
			220
			-55
			29
			30
			40
			30
			55
			2,557
			131
			479
			115
			1
			-11
			-471
			-849
			-246
			4
			8
			645
			-8

			-402
			9
			-203
			-8
			-38
			-897
			15
			-739
			-28
			-518
			1
			-854
			2
			92
			2

			2
			-1
			-43
			16
			127
			8
			83
			-1,521
			1
			-2,775
			1
			-35
			-2
			-54
			-1
			-2,414
			-2,080

			-386
			-88
			-1,350
			12
			7
			-1
			-517
			7
			93
			-660
			-2,465
			-444
			263
			52
			1,975
			11
			-347
			31
			30
			2,367
			818
			1,452
			6
			124
			33
			498
			329
			2,376
			59
			861

			20
			11
			34
			6
			1
			5
			-409
			-2
			21
			-13
			-14
			-4,433
			2
			2,441
			3,528
			41
			16
			657
			122
			-394
			-283
			-485
			266
			25
			-181
			581
			242
			108
			98
			4,791
			797
			1
			904

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,594
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 . . . . . . . . . . . . .		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? Yes No

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	28,692	599,252	0.04788
2009	33,964	607,888	0.05587
2008	33,866	735,654	0.04604
2007	18,255	750,274	0.02433
2006	18,740	437,723	0.04281

2	Total of line 1, column (d) ......................	2	0.21693
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	0.04339
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	594,275
5	Multiply line 4 by line 3.......................	5	25,783
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	127
7	Add lines 5 and 6.........................	7	25,910
8	Enter qualifying distributions from Part XII, line 4..............	8	43,610
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	127
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	127
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	127
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	402
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	402
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	275
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax275	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Thomas Knapp Telephone no. bullet

(562) 624-1848

Located at bullet

PO Box 10294Newport BeachCA ZIP+4 bullet

92658

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
Wilson Knapp	Vice President 0.00	0
Po Box 10294 Newport Beach,CA92658	Vice President 0.00	0
Samantha Knapp	Vice President 0.00	0
PO Box 10294 Newport Beach,CA92658	Vice President 0.00	0
James P Knapp	Vice President 0.00	0
PO Box 10294 Newport Beach,CA92658	Vice President 0.00	0
Bethany M Knapp	Vice Pres/Direc 0.00	0
PO Box 10294 Newport Beach,CA92658	Vice Pres/Direc 0.00	0
Thomas W Knapp	Pres/Director 0.00	0
PO Box 10294 Newport Beach,CA92658	Pres/Director 0.00	0

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...................

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

541,700

Average of monthly cash balances.......................

61,625

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

603,325

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

603,325

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

9,050

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

594,275

Minimum investment return. Enter 5% of line 5..................

29,714

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

29,714

Tax on investment income for 2011 from Part VI, line 5......

127

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

127

Distributable amount before adjustments. Subtract line 2c from line 1............

29,587

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

29,587

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

29,587

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

43,610

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

43,610

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)............

127

Adjusted qualifying distributions. Subtract line 5 from line 4..............

43,483

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)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(a) Corpus	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			29,587
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......		27,931
b Total for prior years:20, 20, 20
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.........
4Qualifying distributions for 2011 from Part
XII, line 4: $ 43,610
a Applied to 2010, but not more than line 2a		27,931
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...	0
d Applied to 2011 distributable amount.....			15,679
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2011.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			13,908
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Surf Industry Manufacturers Assoc 8 Argonaut Suite 170 Aliso Viejo,CA92656	None	Public	Promote ecological and environmental organizations relating to the oceans.	3,000
Ocean Institute 24200 Dana Point Harbor Drive Dana Point,CA92629	None	Public	Support hands on marine science and environmental and ocean education.	1,000
University of Southern California 3551 Trousdale Pkwy Los Angeles,CA90089	None	Public	Support educational programs at USC	10,000
USC Athletics 3501 Watt Way Los Angeles,CA90089	None	Public	Support Athletics at USC	10,000
Lloyd Greif Ctr for Entr Studies 3670 Trousdayle Pkwy BRI Los Angeles,CA90089	None	Public	Help students acquire skills needed to be entrepreneurial	3,000
USC Neighborhood Outreach 850 Childs Way Suite 400 Los Angeles,CA90089	None	Public	Support quality of life in neighborhoods surrounding university park.	1,000
NTAF 150 N Radnor Chester Rd Ste F-120 Radnor,PA19087	None	Public	Support for people with challenges related to Transplant or catasstrophic injury	1,000
NTFE 5301 Beethoven Suite 200 Los Angeles,CA90066	None	Public	Entrepreneurial training for high school students	2,610
School Power 733 Saint Anns Drive Laguna Beach,CA92651	None	Public	Support public education in community	2,000
Challenged Athletes Inc 11199 Sorrento Valley Road Del Mar,CA92121	None	Public	Support athletes with physical disabilities	10,000
Total ................................. 3a				43,610

bApproved for future payment

Total ................................. 3b

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
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
4 Dividends and interest from securities....			14	16,449
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	1,594
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)..				18,043

13Total. Add line 12, columns (b), (d), and (e)..................

1318,043

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:	11000144
Software Version:	2011v1.2

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2011 AccountingFeesSchedule

Name:

The Tommy and Beth Knapp Family

Foundation Inc

EIN: 20-0514525

Software ID:11000144

Software Version:2011v1.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	1,500	1,500	0	0

- TIN:

TY 2011 OtherExpensesSchedule

Name:

The Tommy and Beth Knapp Family

Foundation Inc

EIN: 20-0514525

Software ID:11000144

Software Version:2011v1.2

Description	Revenue and Expenses per Books	Net Investment Income
rounding	-2	-2
Investment Management Fees	2,881	2,881
CT Renewal Fee	284	284

- TIN:

TY 2011 TaxesSchedule

Name:

The Tommy and Beth Knapp Family

Foundation Inc

EIN: 20-0514525

Software ID:11000144

Software Version:2011v1.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Taxes	710	710