TY 2011 Form 990PF

- TIN:

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

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

Amended returnAddress changeName change

Name of foundation
TWIN TREES FOUNDATIONINC

Number and street (or P.O. box number if mail is not delivered to street address)5983 SE MOURNING DOVE WAY Room/suite

City or town, state, and ZIP code
HOBE SOUND, FL33455

A Employer identification number

91-2092293

B Telephone number (see page 10 of the instructions)

(772) 546-3548

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

$648,420J 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......	27,944		27,944
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		8,219
b	Gross sales price for all assets on line 6a 122,918
7	Capital gain net income (from Part IV, line 2)...			8,219
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........	36,163		36,163
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).......		2,475		2,475
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		665
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		3,288	2,898	390
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	6,428		2,898	2,865
25	Contributions, gifts, grants paid........	31,000			31,000
26	Total expenses and disbursements. Add lines 24 and 25	37,428		2,898	33,865
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,265
b	Net investment income (if negative, enter -0-)			33,265
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...............	8,166	9,429	9,429
	2	Savings and temporary cash investments..........
	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)	70,501	92,870	100,183
	b	Investments—corporate stock (attach schedule)........	71,625	56,070	57,469
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	414,511	405,708	481,102
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	778	237	237
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	565,581	564,314	648,420
	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	565,581	564,314
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	565,581	564,314
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	565,581	564,314

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	565,581
2	Enter amount from Part I, line 27a.....................	2	-1,265
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	564,316
5	Decreases not included in line 2 (itemize)	5	2
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	564,314

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	11 SH APPLIED MATERIALS INC	P	2010-01-06	2011-02-10
b	1000 UNITED STATES TREAS BOND 5.375%	P	2007-05-31	2011-01-31
c	5 SH WELLS FARGO & CO	P	2009-12-15	2011-02-09
d	2 SH RAYTHEON CO	P	2010-01-22	2011-02-11
e	4 SH DOVER CORP	P	2010-10-07	2011-02-17
	5 SH METLIFE INC	P	2010-06-14	2011-02-17
	5 SH AMER ELECTRIC POWER CO	P	2006-06-02	2011-02-17
	3 SH COMCAST CORP	P	2008-01-15	2011-02-17
	1 SH HESS CORP	P	2008-11-11	2011-02-17
	1 SH PEPSICO INC	P	2008-10-29	2011-02-17
	2 SH UNITEDHEALTH GROUP	P	2009-10-28	2011-02-17
	126.104 SH UBS GLOBAL ALLOC FD	P	2003-03-06	2011-03-21
	5 SH KELLOGG CO	P	2010-12-03	2011-03-30
	15 SH NATL SEMICONDUCTOR CORP	P	2010-12-21	2011-04-08
	2 SH BAKER HUGHES INC	P	2008-11-07	2011-05-04
	3 SH JOHNSON CONTROLS INC	P	2010-10-22	2011-05-12
	35 SH BOSTON SCIENTIFIC CORP	P	2010-03-26	2011-06-09
	9 SH MERCK & CO INC	P	2009-10-09	2011-06-24
	1 SH COVIDIEN PLC	P	2008-12-23	2011-08-08
	1 SH COVIDIEN PLC	P	2009-05-26	2011-08-09
	1000 UNITED STATES TREAS BOND 5.375%	P	2007-05-31	2011-08-31
	171.95 SH UBS GLOBAL ALLOC FD	P	2008-12-18	2011-10-07
	3 SH PEPSICO INC	P	2008-11-05	2011-02-17
	5 SH SOUTHWEST AIRLINES CO	P	2009-10-09	2011-10-27
	9 SH AMER ELECTRIC POWER CO	P	2006-06-06	2011-11-04
	1 SH AMGEN INC	P	2008-10-24	2011-11-17
	5 SH FIRSTENERGY CORP	P	2010-01-15	2011-10-26
	15 SH APPLIED MATERIALS INC	P	2010-01-06	2011-02-09
	9 SH APPLIED MATERIALS INC	P	2010-01-05	2011-02-10
	13 SH WELLS FARGO & CO	P	2009-12-15	2011-02-11
	5 SH EXXON MOBIL CORP	P	2010-08-24	2011-08-10
	7 SH MORGAN STANLEY	P	2011-02-09	2011-02-17
	1 SH AMGEN INC	P	2008-10-30	2011-02-17
	1 SH COVIDIEN PLC	P	2008-03-31	2011-02-17
	1 SH HESS CORP	P	2009-01-08	2011-02-17
	1 SH PEPSICO INC	P	2008-10-31	2011-02-17
	1 SH UNITED HEALTHGROUP	P	2010-01-05	2011-02-17
	11.227 SH UBS GLOBAL ALLOC FD	P	2003-12-31	2011-03-21
	1 SH RYDER SYSTEM INC	P	2008-11-05	2011-03-31
	7 SH NATL SEMICONDUCTOR CORP	P	2010-12-22	2011-04-08
	2 SH BAKER HUGHES INC	P	2008-11-10	2011-05-04
	2 SH JOHNSON CONTROLS INC	P	2010-10-26	2011-05-12
	10 SH LOWES COMPANIES INC	P	2010-01-05	2011-06-09
	2 SH MERCK & CO INC	P	2011-02-09	2011-06-27
	5 SH COVIDIEN PLC	P	2009-01-12	2011-08-08
	1 SH COVIDIEN PLC	P	2009-05-27	2011-08-09
	1000 US TSY NOTE 4.75%	P	2005-07-29	2011-08-31
	3 SH GOLDMAN SACHS GROUP INC	P	2010-12-07	2011-10-17
	3 SH PEPSICO INC	P	2008-11-06	2011-10-26
	5 SH FIRSTENERGY CORP	P	2009-09-01	2011-10-28
	1 SH AMER ELECTRIC POWER CO	P	2009-01-12	2011-11-04
	1 SH AMGEN INC	P	2008-10-27	2011-11-17
	2 SH MONSANTO CO	P	2009-05-28	2011-01-10
	1 SH AUTODESK INC	P	2009-10-09	2011-02-09
	1 SH AUTODESK INC	P	2009-10-08	2011-02-10
	4 SH AUTODESK INC	P	2009-10-08	2011-02-14
	4 SH EXXON MOBIL CORP	P	2010-09-16	2011-08-09
	10 SH NATL SEMICONDUCTOR CORP	P	2010-12-21	2011-02-17
	1 SH APPLE INC	P	2008-12-18	2011-02-17
	1 SH COVIDIEN PLC	P	2008-04-09	2011-02-17
	6 SH HEWLETT PACKARD CO	P	2009-06-22	2011-02-17
	1 SH PROCTER & GAMBLE CO	P	2009-07-09	2011-02-17
	8 SH WELLS FARGO & CO	P	2009-07-23	2011-02-17
	773 SH UBS GLOBAL ALLOC FD	P	2004-01-29	2011-03-21
	1 SH RYDER SYSTEM INC	P	2008-11-10	2011-03-31
	13 SH SEAGATE TECHNOLOGY OPLC	P	2010-07-21	2011-04-08
	1 SH BAKER HUGHES INC	P	2009-01-12	2011-05-04
	2 SH JOHNSON CONTROLS INC	P	2010-10-22	2011-05-16
	4 SH PROCTER & GAMBLE CO	P	2009-07-08	2011-06-09
	125 SH ISTAR FINANCIAL INC	P	2003-12-08	2011-06-27
	1 SH COVIDIEN PLC	P	2009-02-09	2011-08-08
	3 SH COVIDIEN PLC	P	2009-06-04	2011-08-09
	3000 US TSY NOTE 4.75%	P	2007-03-30	2011-08-31
	1 SH GOLDMAN SACHS GROUP INC	P	2011-06-09	2011-10-17
	1 SH PEPSICO INC	P	2008-11-07	2011-10-26
	5 SH SOUTHWEST AIRLINES CO	P	2009-10-09	2011-10-31
	5 SH SOUTHWEST AIRLINES CO	P	2009-10-12	2011-11-04
	1 SH AMGEN INC	P	2009-01-12	2011-11-17
	2 SH MONSANTO CO	P	2009-05-29	2011-01-10
	4 SH AUTODESK INC	P	2009-10-12	2011-02-09
	9 SH AUTODESK INC	P	2009-10-09	2011-02-10
	8 SH MARVELL TECHNOLOGY GROUP LTD	P	2009-06-30	2011-02-14
	10 SH EXXON MOBIL CORP	P	2010-10-06	2011-02-17
	7 SH SEAGATE TECHNOLOGY OLC	P	2010-07-21	2011-02-17
	1 SH APPLE INC	P	2009-01-12	2011-02-17
	1 SH COVIDIEN PLC	P	2008-04-11	2011-02-17
	1 SH ILLINOIS TOOL WORKS INC	P	2003-02-13	2011-02-17
	7 SH PROCTER & GAMBLE CO	P	2009-10-09	2011-02-17
	3 SH WELLS FARGO & CO	P	2009-12-15	2011-02-17
	121.142 SH LORD ABBETT SM CAP BLEND	P	2004-05-14	2011-03-21
	1 SH RYDER SYSTEM INC	P	2008-11-11	2011-03-31
	16 SH SEAGATE TECHNOLOGY PLC	P	2010-07-22	2011-04-08
	3 SH JOHNSON CONTROLS INC	P	2010-10-27	2011-05-05
	2 SH ALLERGAN INC	P	2009-01-12	2011-06-01
	1 SH PROCTER & GAMBLE CO	P	2009-07-10	2011-06-09
	4 SH BANK OF NY MELLON CORP	P	2003-11-18	2011-06-27
	1 SH COVIDIEN PLC	P	2009-05-14	2011-08-08
	5 SH BAXTER INTL INC	P	2011-02-11	2011-02-17
	5 SH EXXON MOBIL CORP	P	2010-08-24	2011-09-22
	1 SH GOLDMAN SACHS GROUP INC	P	2010-04-28	2011-10-17
	2 SH PEPSICO INC	P	2008-11-10	2011-10-26
	2000 US TSY NOTE 2.75%	P	2008-10-31	2011-10-31
	6 SH UNITEDHEALTH GROUP INC	P	2009-10-27	2011-11-04
	3 SH SOUTHWEST AIRLINES CO	P	2011-08-10	2011-11-18
	1 SH MONSANTO CO	P	2009-06-19	2011-01-10
	1 SH BROADCOMM CORP CL A	P	2009-02-05	2011-02-09
	15 SH MARVELL TECHNOLOGY GROUP LTD	P	2009-06-30	2011-02-10
	2 SH MARVELL TECHNOLOGY GROUP LTD	P	2009-07-08	2011-02-14
	1 SH EXXON MOBIL CORP	P	2010-10-06	2011-08-09
	13 SH SYMANTEC CORP	P	2010-10-06	2011-02-17
	6 SH AT&T INC	P	2008-08-08	2011-02-17
	1 SH COVIDIEN PLC	P	2008-04-14	2011-02-17
	5 SH ILLINOIS TOOL WORKS	P	2009-01-12	2011-02-17
	2 SH QUALCOMM INC	P	2009-10-28	2011-02-17
	8000 US TSY NOTE 4.875%	P	2010-03-31	2011-02-28
	21.259 SH LORD ABBETT SM CAP BLEND F	P	2004-11-23	2011-03-21
	2 SH RYDER SYSTEM INC	P	2009-01-12	2011-03-31
	3 SH KELLOGG CO	P	2010-11-29	2011-04-11
	2 SH JOHNSON CONTROLS INC	P	2010-10-29	2011-05-05
	3 SH ALLERGAN INC	P	2003-02-13	2011-06-08
	5 SH PROCTER & GAMBLE CO	P	2009-08-13	2011-06-09
	1 SH BANK OF NY MELLON CORP	P	2009-01-12	2011-06-27
	I SH COVIDIEN PLC	P	2009-05-15	2011-08-08
	1 SH NORFOLK STHN CORP	P	2011-02-22	2011-08-10
	5 SH EXXON MOBIL CORP	P	2010-08-26	2011-09-22
	2 SH GOLDMAN SACHS GROUP	P	2010-04-28	2011-10-18
	10 SH SOUTHWEST AIRLINES CO	P	2011-03-04	2011-10-27
	2000 US TSY NOTE 2.75%	P	2010-03-31	2011-10-31
	2 SH VISA INC	P	2010-08-24	2011-11-04
	2 SH SOUTHWEST AIRLINES CO	P	2011-08-26	2011-11-18
	1 SH FEDEX CORP	P	2005-06-02	2011-01-11
	5 SH BROADCOM CORP CL A	P	2009-02-06	2011-02-09
	1 SH PRINCIPAL FINANCIAL GROUP	P	2009-06-01	2011-02-10
	4 SH PRINCIPAL FINANCIAL GROUP INC	P	2008-12-18	2011-02-14
	5 SH GAMESTOP CORP	P	2010-10-26	2011-02-17
	4 SH UNITED HEALTH GROUP INC	P	2011-02-11	2011-02-17
	3 SH AVON PRODUCTS INC	P	2010-01-20	2011-02-17
	3 SH COVIDIEN PLC	P	2009-10-09	2011-02-17
	9 SH JPMORGAN CHASE & CO	P	2009-05-12	2011-02-17
	2 SH QUALCOMM INC	P	2009-10-29	2011-02-17
	6 SH DOVER CORP	P	2010-10-07	2011-03-04
	18.310 SH UBS GLOBAL ALLOC FD	P	2004-12-22	2011-03-21
	1 SH RYDER SYSTEM INC	P	2008-11-12	2011-04-01
	2 SH KELLOGG CO	P	2010-12-08	2011-04-11
	7 SH BAKER HUGHES INC	P	2008-11-06	2011-05-05
	2 SH ALLERGAN INC	P	2008-11-06	2011-06-08
	4 SH PROCTER & GAMBLE CO	P	2009-07-07	2011-06-10
	3 SH MERCK & CO INC	P	2009-08-13	2011-06-27
	1 SH COVIDIEN PLC	P	2009-06-03	2011-08-08
	5 SH AVON PRODUCTS INC	P	2009-05-27	2011-08-10
	6.692 SH UBS GLOBAL ALLOC FD	P	2005-12-21	2011-10-07
	218.83 SH FIRST EAGLE OVERSEAS FD CL	P	2004-02-11	2011-10-20
	5 SH FIRSTENERGY CORP	P	2009-08-28	2011-10-27
	7 SH SOUTHWEST AIRLINES CO	P	2011-08-29	2011-11-01
	5 SH SOUTHWEST AIRLINES CO	P	2011-08-08	2011-11-07
	3 SH SOUTHWEST AIRLINES CO	P	2011-08-26	2011-11-22
	1 SH FEDEX CORP	P	2008-06-10	2011-01-11
	9 SH BROADCOM CORP CL A	P	2009-02-10	2011-02-09
	1 SH PRINCIPAL FINANICAL GROUP	P	2009-12-04	2011-02-10
	1 SH PRINCIPLA FINANCIAL GROUP	P	2008-12-22	2011-02-14
	6 SH GENERAL MOTORS CO	P	2010-11-18	2011-02-17
	5 SH US BANCORP DEL	P	2010-10-27	2011-02-17
	4 SH BAKER HUGHES INC	P	2009-10-19	2011-02-17
	1 SH FEDEX CORP	P	2005-09-28	2011-02-17
	11 SH KROGER COMPANY	P	2009-10-12	2011-02-17
	8 SH SOUTHWEST AIRLINES CO	P	2009-10-09	2011-02-17
	4 SH DOVER CORP	P	2010-10-08	2011-03-04
	21.975 SH LORD ABBETT SM CAP BLEND F	P	2004-12-31	2011-03-21
	1 SH RYDER SYSTEM INC	P	2009-01-12	2011-04-01
	12 SH NATL SEMICONDUCTOR CORP	P	2010-12-20	2011-04-11
	3 SH BAKER HUGHES INC	P	2009-01-12	2011-05-05
	10 SH BOSTON SCIENTIFIC CORP	P	2010-03-26	2011-06-08
	1 SH PROCTER & GAMBLE CO	P	2009-07-10	2011-06-10
	5 SH MERCK & CO INC	P	2009-08-14	2011-06-27
	.4 SH CITIGROUP INC	P	2011-03-16	2011-05-10
	4 SH AVON PRODUCTS INC	P	2009-05-21	2011-08-11
	37.794 SH UBS GLOBAL ALLOC FD	P	2005-12-31	2011-10-07
	182 SH FIRST EAGLE OVERSEAS FD CL A	P	2004-05-14	2011-10-20
	1 SH PEPSICO INC	P	2008-10-23	2011-10-27
	3 SH SOUTHWEST AIRLINES INC	P	2009-10-09	2011-11-01
	7 SH AMER ELECTRIC POWER CO	P	2009-01-12	2011-11-07
	5 SH PHARMASSET INC	P	2011-11-21	2011-12-05
	1 SH FEDEX CORP	P	2008-06-11	2011-01-11
	1 SH GENL DYNAMICS CORP	P	2009-05-14	2011-02-09
	3 SH PRINCIPAL FINANICAL GROUP	P	2009-12-07	2011-02-10
	5 SH PRINCIPAL FINANCIAL GROUP	P	2009-01-12	2011-02-15
	5 SH GENZYME COPR	P	2010-06-08	2011-02-16
	1 SH US BANCORP DEL	P	2010-10-28	2011-02-17
	2 SH BANK OF NY MELLON CORP	P	2008-10-01	2011-02-17
	1 SH FEDEX CORP	P	2008-06-17	2011-02-17
	5 SH LOWES COMPANIES INC	P	2010-01-14	2011-02-17
	3 SH TIME WARNER INC	P	2009-10-21	2011-02-17
	15 SH AT&T INC	P	2003-02-13	2011-03-04
	45.783 SH UBS GLOBAL ALLOC FD	P	2004-12-31	2011-03-21
	3 SH RYDER SYSTEM INC	P	2009-02-09	2011-04-01
	2 SH KELLOGG CO	P	2010-11-29	2011-04-12
	3 SH JOHNSON CONTROLS INC	P	2010-10-25	2011-05-06
	10 SH BOSTON SCIENTIFIC CORP	P	2010-03-29	2011-06-08
	3 SH PROCTER & GAMBLE CO	P	2009-07-07	2011-06-13
	5 SH BANK OF NY MELLON CORP	P	2009-01-12	2011-06-28
	5 SH DOVER CORP	P	2010-10-06	2011-03-07
	6 SH AVON PRODUBTS INC	P	2009-05-26	2011-08-11
	80.025 SH UBS GLOBAL ALLOC FD	P	2006-12-21	2011-10-07
	100 SH RAMCO-GERSHENSON PROPERTIES	P	2004-10-27	2011-10-20
	1 SH PEPSICO INC	P	2008-10-24	2011-10-27
	3 SH SOUTHWEST AIRLINES CO	P	2009-10-09	2011-11-02
	5 SH SOUTHWEST AIRLINES CO	P	2011-08-26	2011-11-11
	5 SH PHARMASSET INC	P	2011-11-16	2011-12-23
	1 SH FEDEX CORP	P	2008-06-13	2011-01-11
	1 SH GENL DYNAMICS CORP	P	2009-05-20	2011-02-09
	5 SH RAYTHEON CO	P	2010-01-15	2011-02-10
	6 SH ADOBE SYSTEMS INC	P	2010-08-25	2011-02-17
	2 SH GOLDMAN SACHS GROUP INC	P	2010-12-07	2011-02-17
	3 SH US BANCORP DEL	P	2010-10-29	2011-02-17
	3 SH BANK OF NY MELLON CORP	P	2008-10-02	2011-02-17
	5 SH FIRSTENERGY CORP	P	2009-09-10	2011-02-17
	7 SH LOWES COMPANIES INC	P	2010-01-15	2011-02-17
	6 SH TIME WARNER INC	P	2009-10-22	2011-02-17
	8 SH AT&T INC	P	2008-08-07	2011-03-04
	6.935 SH LORD ABBETT SM CAP BLEND FD	P	2005-11-22	2011-03-21
	2 SH KELLOGG CO	P	2010-11-30	2011-04-04
	2 SH RYDER SYSTEM INC	P	2009-05-13	2011-04-12
	2 SH JOHNSON CONTROLS INC	P	2010-10-27	2011-05-06
	10 SH LOWES COMPANIES INC	P	2010-01-05	2011-06-08
	1 SH BANK OF NY MELLON CORP	P	2003-11-19	2011-06-23
	1000 US TSY NOTE 2.75%	P	2011-02-17	2011-06-30
	1 SH NORFOLK STHN CORP	P	2011-02-22	2011-08-09
	6 SH AVON PRODCITS INC	P	1952-05-10	2011-08-12
	57.135 SH UBS GLOBAL ALLOC FD	P	2006-12-31	2011-10-07
	4.748 SH FIRST EAGLE OVERSEAS FD	P	2004-12-09	2011-10-20
	1 SH PEPSICO INC	P	2008-10-27	2011-10-27
	2 SH SOUTHWEST AIRLINES CO	P	2009-10-12	2011-11-02
	1 SH AMGEN INC	P	2008-09-08	2011-11-15
	1 SH PEPSICO INC	P	2008-10-30	2011-02-17
	3 SH MONSANTO CO	P	2010-06-09	2011-01-20
	1 SH GENL DYNAMICS CORP	P	2009-06-18	2011-02-09
	11 SH APPLIED MATERIALS INC	P	2010-01-05	2011-02-11
	3 SH PRINCIPAL FINANCIAL GROUP	P	2009-01-12	2011-02-16
	3 SH JOHNSON CONTROLS INC	P	2010-11-02	2011-02-17
	3 SH VISA CL A	P	2011-02-11	2011-02-17
	3 SH BANK OF NY MELLON CORP	P	2008-10-03	2011-02-17
	1 SH GENL DYNAMICS CORP	P	2009-05-12	2011-02-17
	1 SH MEDTRONIC INC	P	2008-10-24	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-10	2011-02-17
	3 SH AT&T INC	P	2008-08-11	2011-03-04
	50.576 SH UBS GLOBAL ALLOC FD	P	2005-12-21	2011-03-21
	3 SH KELLOGG CO	P	2010-12-08	2011-04-04
	3 SH RYDER SYSTEM INC	P	2009-05-13	2011-04-12
	2 SH JOHNSON CONTROLS INC	P	2010-10-25	2011-05-09
	23 SH LOWES COMPANIES INC	P	2010-01-06	2011-06-08
	4 SH BANK OF NY MELLON CORP	P	2008-09-30	2011-06-23
	4 SH BANK OF NY MELLON CORP	P	2003-02-13	2011-06-30
	4 SH NORFOLK STHN CORP	P	2011-03-01	2011-08-09
	3 SH NORFOLK STHN CORP	P	2011-02-22	2011-08-26
	92.186 SH UBS GLOBAL ALLOC FD	P	2007-12-19	2011-10-07
	11.078 SH FIRST EAGLE OVERSEAS FD	P	2004-12-31	2011-10-20
	1 SH PEPSICO INC	P	2008-10-28	2011-10-27
	2 SH AMER ELECTRIC POWER CO	P	2006-06-01	2011-11-03
	1 SH AMGEN INC	P	2008-10-28	2011-11-15
	86.37 SH UBS GLOBAL ALLOC FUND	P	2010-12-17	2011-10-07
	2 SH MONSANTO CO	P	2009-05-28	2011-01-20
	2 SH GENL DYNAMICS CORP	P	2009-06-22	2011-02-09
	5 SH AUTODESK INC	P	2009-10-08	2011-02-11
	5 SH ADOBE SYSTEMS INC	P	2010-08-24	2011-02-17
	4 SH JOHNSON CONTROLS INC	P	2010-12-07	2011-02-17
	4 SH AVON PRODUCTS INC	P	2011-02-17	2011-02-17
	2 SH CARNIVAL CORP	P	2005-05-13	2011-02-17
	1 SH GENL DYNAMICS CORP	P	2009-05-13	2011-02-17
	1 SH MEDTRONIC INC	P	2008-10-27	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-11	2011-02-17
	12 SH AT&T INC	P	2009-01-12	2011-03-04
	7.415 SH LORD ABBETT SM CAP BLEND FD	P	2005-12-31	2011-03-21
	1 SH RYDER SYSTEM INC	P	2009-02-05	2011-04-06
	3 SH RYDER SYSTEM INC	P	2009-05-14	2011-04-12
	3 SH JOHNSON CONTROLS INC	P	2010-10-26	2011-05-09
	2 SH LOWES COMPANIES INC	P	2010-01-15	2011-06-08
	1 SH BANK OF NY MELLON CORP	P	2003-11-18	2011-06-24
	2000 US TSY NOTE 2.75%	P	2008-06-30	2011-06-30
	1 SH NORFOLK STHN CORP	P	2011-03-01	2011-08-09
	5 SH NORFOLK STHN CORP	P	2011-02-23	2011-08-26
	32.559 SH UBS GLOBAL ALLOC FD	P	2007-12-19	2011-10-07
	44.377 SH FIRST EAGLE OVERSEAS FD	P	2005-12-15	2011-10-20
	3 SH PEPSICO INC	P	2009-01-12	2011-10-27
	3 SH AMER ELECTRIC POWER CO	P	2006-06-06	2011-11-03
	1 SH AMGEN INC	P	2008-10-29	2011-11-15
	1 SH MONSANTO CO	P	2010-06-09	2011-01-21
	10 SH MARVELL TECHNOLOGY GROUP LTD	P	2009-06-30	2011-02-09
	3 SH BROADCOM CORP CL A	P	2009-02-05	2011-02-11
	2 SH AMGEN INC	P	2010-11-24	2011-02-17
	3 SH KELLOGG CO	P	2010-12-06	2011-02-17
	3 SH AFLAC INC	P	2008-11-06	2011-02-17
	4 SH CARNIVAL CORP	P	2005-08-04	2011-02-17
	1 SH GENL DYNAMICS CORP	P	2009-05-15	2011-02-17
	1 SH MEDTRONIC INC	P	2008-10-28	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-15	2011-02-17
	34 SH CITIGROUP INC	P	2011-02-09	2011-02-17
	17.223 SH LORD ABBETT SM CAP BLEND F	P	2006-11-21	2011-03-21
	3 SH RYDER SYSTEM INC	P	2009-02-06	2011-04-06
	5 SH INTL GAME TECHNOLOGY	P	2011-02-09	2011-04-18
	1 SH COVIDIEN PLC	P	2009-02-05	2011-05-09
	1 SH PROCTER & GAMBLE CO	P	2009-07-08	2011-06-08
	4 SH BANK OF NY MELLON CORP	P	2003-11-19	2011-06-24
	2000 US TSY NOTE 2.75%	P	2010-03-31	2011-06-30
	3 SH NORFOLK STHN CORP	P	2011-03-07	2011-08-09
	2 SH VISA INC	P	2010-08-25	2011-08-26
	25.864 SH UBS GLOBAL ALLOC FD	P	2007-12-19	2011-10-07
	5 SH SOUTHWEST AIRLINES CO	P	2011-03-07	2011-10-21
	1 SH PEPSICO INC	P	2009-02-05	2011-10-27
	5 SH SOUTHWEST AIRLINES CO	P	2009-10-12	2011-11-03
	2 SH AMGEN INC	P	2009-01-12	2011-11-15
	2 SH ALLERGAN INC	P	2008-10-09	2011-01-24
	1 SH PRINCIPAL FINANCIAL GROUP INC	P	2008-03-18	2011-02-09
	10 SH MARVELL TECHNOLOGY GROUP LTD	P	2009-06-30	2011-02-11
	3 SH APOLLO GROUP INC	P	2010-06-08	2011-02-17
	2 SH KELLOGG CO	P	2010-12-10	2011-02-17
	1 SH AFLAC INC	P	2009-10-09	2011-02-17
	3 SH CARNIVAL CORP	P	2005-09-12	2011-02-17
	1 SH GENL DYNAMICS CORP	P	2009-05-18	2011-02-17
	6 SH MEDTRONIC INC	P	2009-01-12	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-16	2011-02-17
	1 SH DOVER CORP	P	2010-10-08	2011-03-07
	8.342 SH LORD ABBETT SM CAP BLEND FD	P	2006-11-21	2011-03-21
	1 SH RYDER SYSTEM INC	P	2009-05-12	2011-04-06
	5 SH INTL GAME TECHNOLOGY	P	2011-02-09	2011-04-20
	2 SH COVIDIEN PLC	P	2009-02-06	2011-05-09
	4 SH PROCTER & GAMBLE CO	P	2009-07-09	2011-06-08
	2 SH MERCK & CO INC	P	2009-08-13	2011-06-24
	1 SH AVON PRODUCTS INC	P	2009-05-26	2011-08-08
	2 SH COVIDIEN PLC	P	2008-12-23	2011-08-09
	1 SH KRAFT FOODS INC	P	2011-05-04	2011-08-30
	195.089 SH UBS GLOBAL ALLOC FD	P	2008-12-18	2011-10-07
	4 SH PEPSICO INC	P	2011-06-10	2011-10-26
	3 SH PEPSICO INC	P	2009-02-06	2011-10-27
	3 SH VISA INC	P	2010-08-24	2011-11-03
	3 SH SOUTHWEST AIRLINES CO	P	2011-08-10	2011-11-16
	5 SH FIRSTENERGY CORP	P	2009-09-08	2011-10-26
	4 SH PRINCIPAL FINANCIAL GROUP	P	2009-12-04	2011-02-09
	4 SH PRINCIPAL FINANCIAL GROUP	P	2008-12-22	2011-02-11
	3 SH BOEING COMPANY	P	2011-02-10	2011-02-17
	3 SH MERCK& CO INC	P	2011-02-09	2011-02-17
	3 SH ALLERGAN INC	P	2009-01-12	2011-02-17
	6 SH COMCAST CORP	P	2007-10-26	2011-02-17
	1 SH HESS CORP	P	2008-11-05	2011-02-17
	4 SH NOBLE CORP	P	2009-07-09	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-18	2011-02-17
	6 SH AT&T INC	P	2003-02-13	2011-03-07
	55.886 SH LORD ABBETT SM CAP BLEND F	P	2007-11-20	2011-03-21
	5 SH NATL SEMICONDUCTOR CORP	P	2010-12-17	2011-04-08
	3 SH JOHNSON CONTROLS INC	P	2010-10-29	2011-05-04
	1 SH COVIDIEN PLC	P	2009-02-09	2011-05-09
	5 SH PROCTER & GAMBLE CO	P	2009-08-14	2011-06-08
	9 SH MERCK & CO INC	P	2009-08-17	2011-06-24
	3 SH AVON PRODUCTS INC	P	2010-01-15	2011-08-08
	1 SH COVIDIEN PLC	P	2009-05-12	2011-08-09
	1 SH KRAFT FOODS INC	P	2011-05-06	2011-08-30
	133.161 SH UBS GLOBAL ALLOC FD	P	2008-12-18	2011-10-07
	5 SH SOUTHWEST AIRLINES CO	P	2011-03-07	2011-10-26
	4 SH PEPSICO INC	P	2009-05-12	2011-10-27
	2 SH VISA INC	P	2010-08-25	2011-11-03
	2 SH SOUTHWEST AIRLINES CO	P	2011-08-10	2011-11-16
	5000 US TSY NOTE 4.875%	P	2010-03-31	2011-01-31
	5 SH RAYTHEON CO	P	2010-01-20	2011-02-09
	1 SH PRINCIPAL FINANCIAL GROUP	P	2009-06-02	2011-02-11
	45 SH CITIGROUP INC	P	2011-02-11	2011-02-17
	6 SH MERCK & CO INC	P	2011-02-11	2011-02-17
	3 SH AMER ELECTRIC POWER CO	P	2006-06-01	2011-02-17
	5 SH COMCAST CORP	P	2007-10-29	2011-02-17
	1 SH HESS CORP	P	2008-11-10	2011-02-17
	4 SH NOBLE CORP	P	2009-07-14	2011-02-17
	1 SH ULTRA PETROLEUM CORP	P	2008-09-29	2011-02-17
	4 SH AT&T INC	P	2008-08-12	2011-02-17
	21.463 SH LORD ABBETT SM CAP BLEND F	P	2007-11-20	2011-03-21
	3 SH NATL SEMICONDUCTOR CORP	P	2010-12-20	2011-04-08
	2 SH JOHNSON CONTROLS INC	P	2010-11-02	2011-05-04
	4 SH GENZYME CORP	P	2010-06-08	2011-02-17
	4 SH ALLERGAN INC	P	2003-02-13	2011-06-09
	5 SH MERCK & CO INC	P	2009-10-08	2011-06-24
	1 SH AVON PRODUCTS INC	P	2010-01-15	2011-08-08
	1 SH COVIDIEN PLC	P	2009-05-13	2011-08-09
	5 SH KRAFT FOODS INC	P	2011-06-09	2011-08-30
	81.675 SH UBS GLOBAL ALLOC FD	P	2008-12-18	2011-10-07
	5 SH SOUTHWEST AIRLINES CO	P	2011-03-09	2011-10-26
	5 SH SOUTHWEST AIRLINES CO	P	2009-10-09	2011-10-27
	5 SH AMER ELECTRIC POWER CO	P	2006-05-31	2011-11-04
	1 SH AMGEN INC	P	2008-10-23	2011-11-17

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	175	157	18
b	1,137	1,043	94
c	166	130	36
d	102	107	-5
e	268	218	50
	238	207	31
	179	173	6
	76	53	23
	84	57	27
	64	56	8
	84	52	32
	1,265	1,232	33
	269	247	22
	361	207	154
	144	68	76
	118	102	16
	238	244	-6
	312	292	20
	45	36	9
	46	35	11
	1,327	1,043	284
	1,538	1,587	-49
	193	171	22
	44	48	-4
	357	308	49
	56	55	1
	224	231	-7
	238	214	24
	143	127	16
	435	337	98
	346	296	50
	214	210	4
	53	60	-7
	51	44	7
	84	57	27
	64	57	7
	42	31	11
	113	134	-21
	51	40	11
	169	97	72
	144	66	78
	78	69	9
	230	229	1
	69	66	3
	224	186	38
	46	34	12
	1,121	1,036	85
	289	491	-202
	186	165	21
	226	226
	40	33	7
	56	56
	142	158	-16
	42	24	18
	43	24	19
	170	95	75
	274	243	31
	158	138	20
	358	90	268
	51	46	5
	291	227	64
	64	52	12
	264	195	69
	7,757	10,016	-2,259
	51	39	12
	207	172	35
	72	33	39
	77	68	9
	261	209	52
	910	5,064	-4,154
	45	39	6
	137	107	30
	3,362	3,029	333
	96	134	-38
	62	56	6
	43	48	-5
	42	48	-6
	56	57	-1
	142	161	-19
	169	100	69
	383	218	165
	160	92	68
	834	636	198
	96	93	3
	358	88	270
	51	45	6
	55	28	27
	449	402	47
	99	78	21
	1,949	1,819	130
	51	37	14
	255	211	44
	119	105	14
	165	79	86
	65	52	13
	99	112	-13
	45	36	9
	263	257	6
	344	296	48
	96	156	-60
	124	109	15
	2,098	1,996	102
	273	157	116
	24	25	-1
	71	82	-11
	44	17	27
	294	172	122
	40	23	17
	68	64	4
	243	194	49
	171	185	-14
	51	45	6
	274	179	95
	118	83	35
	8,479	8,664	-185
	342	310	32
	101	73	28
	164	147	17
	79	70	9
	240	87	153
	326	261	65
	25	25
	45	36	9
	68	64	4
	344	295	49
	198	313	-115
	89	116	-27
	2,098	2,059	39
	185	141	44
	16	16
	93	91	2
	219	89	130
	33	23	10
	129	78	51
	101	97	4
	169	170	-1
	84	97	-13
	153	129	24
	430	318	112
	118	84	34
	393	327	66
	184	241	-57
	51	36	15
	109	98	11
	493	227	266
	160	77	83
	260	208	52
	104	92	12
	45	36	9
	105	132	-27
	60	90	-30
	4,747	4,366	381
	228	228
	60	60
	42	41	1
	23	25	-2
	93	90	3
	395	160	235
	33	24	9
	32	19	13
	219	211	8
	142	121	21
	280	188	92
	97	85	12
	253	251	2
	100	77	23
	262	217	45
	354	320	34
	51	36	15
	289	165	124
	211	98	113
	67	70	-3
	65	52	13
	173	154	19
	18	8	10
	83	98	-15
	338	507	-169
	3,948	3,483	465
	63	52	11
	26	29	-3
	278	228	50
	643	643
	93	88	5
	78	56	22
	98	71	27
	163	94	69
	377	238	139
	28	24	4
	62	65	-3
	97	85	12
	130	116	14
	112	88	24
	418	333	85
	459	603	-144
	153	101	52
	109	98	11
	120	104	16
	67	70	-3
	194	156	38
	122	126	-4
	320	270	50
	125	154	-29
	716	1,132	-416
	810	2,782	-1,972
	63	52	11
	25	29	-4
	41	41
	617	389	228
	93	86	7
	78	57	21
	257	270	-13
	210	165	45
	335	327	8
	85	73	12
	93	95	-2
	191	233	-42
	182	162	20
	225	177	48
	223	243	-20
	112	116	-4
	108	98	10
	101	51	50
	80	70	10
	227	229	-2
	25	28	-3
	1,039	1,040	-1
	67	64	3
	128	147	-19
	511	808	-297
	103	99	4
	63	53	10
	17	19	-2
	57	60	-3
	64	57	7
	209	150	59
	78	58	20
	176	155	21
	100	56	44
	126	106	20
	229	225	4
	93	95	-2
	77	55	22
	40	38	2
	47	54	-7
	85	95	-10
	508	679	-171
	162	147	15
	151	77	74
	80	69	11
	523	529	-6
	102	122	-20
	101	84	17
	267	260	7
	193	193
	825	1,256	-431
	240	231	9
	63	54	9
	80	69	11
	57	57
	773	846	-73
	139	159	-20
	156	115	41
	214	119	95
	175	139	36
	169	157	12
	112	129	-17
	92	99	-7
	77	55	22
	40	37	3
	47	55	-8
	334	309	25
	119	124	-5
	51	31	20
	151	78	73
	119	103	16
	45	46	-1
	25	28	-3
	2,078	1,955	123
	67	65	2
	321	317	4
	291	443	-152
	963	1,014	-51
	188	155	33
	120	103	17
	57	60	-3
	70	50	20
	200	115	85
	131	52	79
	106	108	-2
	159	148	11
	178	134	44
	184	206	-22
	77	55	22
	40	37	3
	47	57	-10
	167	165	2
	277	295	-18
	154	100	54
	79	89	-10
	55	39	16
	65	52	13
	100	113	-13
	2,078	2,060	18
	200	195	5
	170	142	28
	231	352	-121
	45	59	-14
	63	52	11
	43	48	-5
	114	113	1
	143	89	54
	32	51	-19
	197	115	82
	132	151	-19
	106	100	6
	59	45	14
	138	152	-14
	77	55	22
	241	194	47
	47	54	-7
	64	54	10
	134	143	-9
	51	27	24
	80	89	-9
	110	79	31
	259	210	49
	69	61	8
	22	26	-4
	91	71	20
	34	34
	1,745	1,403	342
	248	276	-28
	188	160	28
	280	212	68
	24	25	-1
	224	230	-6
	130	95	35
	130	78	52
	216	218	-2
	99	99
	227	118	109
	152	127	25
	84	59	25
	164	119	45
	47	55	-8
	168	133	35
	899	880	19
	120	69	51
	120	105	15
	55	39	16
	324	261	63
	312	279	33
	65	79	-14
	46	35	11
	34	34
	1,191	957	234
	43	59	-16
	251	197	54
	186	142	44
	16	16
	5,316	5,415	-99
	257	270	-13
	32	22	10
	221	219	2
	198	198
	107	103	4
	126	105	21
	84	62	22
	164	119	45
	47	53	-6
	114	127	-13
	345	338	7
	72	41	31
	80	70	10
	301	191	110
	321	116	205
	173	162	11
	22	32	-10
	46	35	11
	172	171	1
	731	587	144
	43	61	-18
	45	48	-3
	198	171	27
	56	55	1

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			18
b			94
c			36
d			-5
e			50
			31
			6
			23
			27
			8
			32
			33
			22
			154
			76
			16
			-6
			20
			9
			11
			284
			-49
			22
			-4
			49
			1
			-7
			24
			16
			98
			50
			4
			-7
			7
			27
			7
			11
			-21
			11
			72
			78
			9
			1
			3
			38
			12
			85
			-202
			21

			7

			-16
			18
			19
			75
			31
			20
			268
			5
			64
			12
			69
			-2,259
			12
			35
			39
			9
			52
			-4,154
			6
			30
			333
			-38
			6
			-5
			-6
			-1
			-19
			69
			165
			68
			198
			3
			270
			6
			27
			47
			21
			130
			14
			44
			14
			86
			13
			-13
			9
			6
			48
			-60
			15
			102
			116
			-1
			-11
			27
			122
			17
			4
			49
			-14
			6
			95
			35
			-185
			32
			28
			17
			9
			153
			65

			9
			4
			49
			-115
			-27
			39
			44

			2
			130
			10
			51
			4
			-1
			-13
			24
			112
			34
			66
			-57
			15
			11
			266
			83
			52
			12
			9
			-27
			-30
			381


			1
			-2
			3
			235
			9
			13
			8
			21
			92
			12
			2
			23
			45
			34
			15
			124
			113
			-3
			13
			19
			10
			-15
			-169
			465
			11
			-3
			50

			5
			22
			27
			69
			139
			4
			-3
			12
			14
			24
			85
			-144
			52
			11
			16
			-3
			38
			-4
			50
			-29
			-416
			-1,972
			11
			-4

			228
			7
			21
			-13
			45
			8
			12
			-2
			-42
			20
			48
			-20
			-4
			10
			50
			10
			-2
			-3
			-1
			3
			-19
			-297
			4
			10
			-2
			-3
			7
			59
			20
			21
			44
			20
			4
			-2
			22
			2
			-7
			-10
			-171
			15
			74
			11
			-6
			-20
			17
			7

			-431
			9
			9
			11

			-73
			-20
			41
			95
			36
			12
			-17
			-7
			22
			3
			-8
			25
			-5
			20
			73
			16
			-1
			-3
			123
			2
			4
			-152
			-51
			33
			17
			-3
			20
			85
			79
			-2
			11
			44
			-22
			22
			3
			-10
			2
			-18
			54
			-10
			16
			13
			-13
			18
			5
			28
			-121
			-14
			11
			-5
			1
			54
			-19
			82
			-19
			6
			14
			-14
			22
			47
			-7
			10
			-9
			24
			-9
			31
			49
			8
			-4
			20

			342
			-28
			28
			68
			-1
			-6
			35
			52
			-2

			109
			25
			25
			45
			-8
			35
			19
			51
			15
			16
			63
			33
			-14
			11

			234
			-16
			54
			44

			-99
			-13
			10
			2

			4
			21
			22
			45
			-6
			-13
			7
			31
			10
			110
			205
			11
			-10
			11
			1
			144
			-18
			-3
			27
			1

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	8,219
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	1,375

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	31,358	627,193	0.049997
2009	39,156	666,363	0.058761
2008	35,823	639,879	0.055984
2007	35,867	665,147	0.053923
2006	37,217	650,072	0.057251

2	Total of line 1, column (d) ......................	2	0.275916
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	0.055183
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	661,990
5	Multiply line 4 by line 3.......................	5	36,531
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	333
7	Add lines 5 and 6.........................	7	36,864
8	Enter qualifying distributions from Part XII, line 4..............	8	33,865
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	665
	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	665
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	665
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	778
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	1,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,778
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	1,113
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax1,113	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

DE, FL

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

J BRADFORD SCHWALM Telephone no. bullet

(772) 546-3548

Located at bullet

5983 SE MOURNING DOVE WAY5983 SE MOURNING DOVE WAYHOBE SOUNDFL ZIP+4 bullet

33455

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
JOANN F SCHWALM	TREASURER 1.00	0	0	0
5983 SE MOURNING DOVE WAY HOBE SOUND,FL33455	TREASURER 1.00	0	0	0
J BRADFORD SCHWALM	SEC/DIRECTOR 0.50	0	0	0
1121 W SCHUBERT AVE CHICAGO,IL60614	SEC/DIRECTOR 0.50	0	0	0
MATSON F SCHWALM	DIRECTOR 2.00	0	0	0
2620 N WAYNE AVE CHICAGO,IL60614	DIRECTOR 2.00	0	0	0
DUGAN H SCHWALM	DIRECTOR 0.50	0	0	0
2620 N WAYNE AVE CHICAGO,IL60614	DIRECTOR 0.50	0	0	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	N/A
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...................

650,088

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

21,475

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

508

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

672,071

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

672,071

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

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

10,081

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

661,990

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

33,100

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

33,100

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

665

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

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

665

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

32,435

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

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

32,435

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

32,435

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 ..........

33,865

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

33,865

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

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

33,865

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	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			32,435
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	5,519
b From 2007.......	3,636
c From 2008.......	4,445
d From 2009.......	6,226
e From 2010.......	526
fTotal of lines 3a through e.........		20,352
4Qualifying distributions for 2011 from Part
XII, line 4: $ 33,865
a Applied to 2010, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....			32,435
e Remaining amount distributed out of corpus		1,430
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		21,782
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 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		5,519
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		16,263
10 Analysis of line 9:
a Excess from 2007....	3,636
b Excess from 2008....	4,445
c Excess from 2009....	6,226
d Excess from 2010....	526
e Excess from 2011....	1,430

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
ANTIQUE BOAT MUSEUM 750 MARY STREET CLAYTON,NY13624	N/A	PUBLIC	GENERAL SUPPORT	7,500
ALEXANDRIA BAY HISTORICAL SOCIETY PO BOX 695 ALEXANDRIA BAY,NY13607	N/A	PUBLIC	GENERAL SUPPORT	1,500
LINCOLN PARK ZOO PO BOX 14903 CHICAGO,IL60614	N/A	501(C)(3)	GENERAL SUPPORT	2,500
CHICAGO CHILDREN'S CHARITIES 1235A N CLYBOURN AVE 163 CHICAGO,IL60610	N/A	PUBLIC	GENERAL SUPPORT	1,000
WATERSIDE SCHOOL 70 PACIFIC STREET STAMFORD,CT06902	N/A	PUBLIC	GENERAL SUPPORT	1,000
HOBE SOUND COMUNITY CHEST PO BOX 511 HOBE SOUND,FL334750511	N/A	PUBLIC	GENERAL SUPPORT	100
UNITED WAY OF MARTIN COUNTY 50 KINDRED STREET STUART,FL33455	N/A	PUBLIC	GENERAL SUPPORT	100
BOYS & GIRLS CLUB OF MARTIN COUNTY 11500 SE LARES AVE HOBE SOUND,FL33455	N/A	PUBLIC	GENERAL SUPPORT	100
GLOBAL PARTNERSHIP FOR AFGHANISTAN 1440 BROADWAY 10TH FLOOR NEW YORK,NY10018	N/A	PUBLIC	GENERAL SUPPORT	500
CHILDREN'S MEMORIAL FUND 2300 CHILDRENS MEMORIAL PLAZA BOX 4 CHICAGO,IL606143394	N/A	PUBLIC	GENERAL SUPPORT	1,000
ST CHRYSOSTOM'S DAY SCHOOL 1424 NORTH DEARBORN PKWY CHICAGO,IL60610	N/A	PUBLIC	GENERAL SUPPORT	500
GLEN VIEW CLUB SCHOLARSHIP FUND 100 GOLF ROAD GOLF,IL600290309	N/A	PUBLIC	GENERAL SUPPORT	500
SHEDD AQUARIUM 1200 S LAKESHORE DRIVE CHICAGO,IL60605	N/A	PUBLIC	GENERAL SUPPORT	250
CHURCH OF THE ST LAWRENCE 7 FULLER STREET ALEXANDRIA BAY,NY13607	N/A	PUBLIC	GENERAL SUPPORT	250
SAVE THE RIVER 409 RIVERSIDE DRIVE CLAYTON,NY13624	N/A	PUBLIC	GENERAL SUPPORT	500
THOUSAND ISLANDS LAND TRUST PO BOX 238 CLAYTON,NY13624	N/A	PUBLIC	GENERAL SUPPORT	250
SAMARITAN FOUNDATION 830 WASHINGTON STREET WATERTOWN,NY13601	N/A	PUBLIC	GENERAL SUPPORT	1,500
RIVER HOSPITAL FOUNDATION PO BOX 567 ALEXANDRIA BAY,NY13607	N/A	PUBLIC	GENERAL SUPPORT	250
KINNEY DRUG FOUNDATION 29 E MAIN STREET GOUVERNEUR,NY136420001	N/A	PUBLIC	GENERAL SUPPORT	1,000
DENSMORE CHURCH PO BOX 571 WELLESLEY ISLAND,NY13640	N/A	PUBLIC	GENERAL SUPPORT	250
UNIVERSITY OF CHICAGO BOOTH SCHOOL 5807 S WOODLAWN AVE CHICAGO,IL60637	N/A	PUBLIC	GENERAL SUPPORT	2,000
VANDERBILT UNIVERSITY SCHOOL OF ARTS AND SCIENCES 2301 VANDERBILT PLACE NASHVILLE,TN372357727	N/A	PUBLIC	GENERAL SUPPORT	1,000
CAMP MANITO-WISH PO BOX 246 BOULDER JUNCTION,WI54512	N/A	PUBLIC	GENERAL SUPPORT	200
HAMILTON COLLEGE 198 COLLEGE HILL ROAD CLINTON,NY13323	N/A	PUBLIC	GENERAL SUPPORT	2,000
PRENTICE WOMEN'S HOSPITAL NORTHWESTERN MEMORIAL HOSPITAL 250 E SUPERIOR CHICAGO,IL60611	N/A	PUBLIC	GENERAL SUPPORT	500
THOUSAND ISLANDS PERFORMING ARTS COUNCIL PO BOX 123 CLAYTON,NY13624	N/A	PUBLIC	GENERAL SUPPORT	250
WELLESLEY ISLAND FIRE DEPT POBOX 589 THOUSAND ISLAND PARK,NY13692	N/A	PUBLIC	GENERAL SUPPORT	1,000
VANDERBILT UNIVERSITY SCHOOL OF ENGINEERING 2301 VANDERBILT PLACE NASHVILLE,TN372350511	N/A	PUBLIC	GENERAL SUPPORT	1,000
AI DUPONT INSTITUTE 1600 ROCKLAND ROAD WILMINGTON,DE19803	N/A	PUBLIC	GENERAL SUPPORT	500
ANTIQUE BOAT MUSEUM 750 MARY STREET CLAYTON,NY13624	N/A	PUBLIC	GENERAL SUPPORT	2,000
Total ................................. 3a				31,000

bApproved for future payment
SAMARITAN FOUNDATION 830 WASHINGTON STREET WATERTOWN,NY13601	N/A	PUBLIC	GENERAL SUPPORT	6,000
Total ................................. 3b				6,000

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
4 Dividends and interest from securities....			14	27,944
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	187	8,032
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)..				28,131	8,032

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

1336,163

(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:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
17 SH BAKER HUGHES INC	982	827
100 SH RAMCO-GERSHENSON PROPERTIES M
112 SH WEINGARTEN REALTY INVESTORS	2,871	2,444
11 SH MONSANTO CO
125 SH ISTAR FINANCIAL INC
14 SH HESS CORP
16 SH ALLERGAN INC
16 SH FEDEX CORP
13 SH FEDEX CORP	954	1,086
12 SH AMGEN INC
30 SH NOBLE CORP	886	907
38 SH NOBLE CORP
19 SH BAKER HUGHES INC
23 SH ULTRA PETROLEUM CORP (CANADA)	880	681
24 SH ULTRA PETROLEUM CORP(CANADA)
25 SH FIRSTENERGY CORP
18 SH AFLAC INC
14 SH AFLAC INC	618	606
20 SH CELANESE CORP	760	885
17 SH PEABODY ENERGY CORP	747	563
18 SH QUALCOMM INC	815	985
17 SH QUALCOMM INC
23 SH RYDER SYSTEM INC
21 SH UNITEDHEALTH GROUP INC	629	1,064
25 SH UNITED HEALTH GROUP INC
33 SH AVON PRODUCTS
32 SH BANK OF NEW YORK MELON CORP
36 SH CARNIVAL CORP
27 SH CARNIVAL CORP	1,024	881
21 SH GENERAL DYNAMICS CORP
27 SH PEPSICO INC
31 SH HEWLETT PACKARD CO
29 SH ILLINOIS TOOLWORKS INC
18 SH BROADCOM CORP CL A
43 SH TIME WARNER INC	1,275	1,554
47 SH TIME WARNER INC
28 SH PRINCIPAL FINANCIAL GROUP INC
33 SH MERCK & CO NEW
35 SH AMERICAN ELECTRIC POWER
36 SH PROCTER & GAMBLE CO
24 SH AUTODESK INC
35 SH MEDTRONIC INC	1,200	1,339
44 SH MEDTRONIC INC
54 SH AT&T INC
30 SH COVIDIEN PLC
58 SH KROGER CO
41 SH JP MORGAN CHASE	1,446	1,363
43 SH JP MORGAN CHASE
45 SH MARVELL TECHNOLOGY GROUP LTD
62 SH WELLS FARGO & CO	1,565	1,709
74 SH WELLS FARGO & CO
41 SH SOUTHWEST AIRLINES
6 SH APPLE INC	742	2,430
8 SH APPLE INC
7 SH EOG RESOURCES INC	764	690
59 SH COMCAST CORP	1,007	1,399
68 SH COMCAST CORP
52 SH ADOBE SYSTEMS INC
41 SH ADOBE SYSTEMS INC	1,093	1,159
10 SH ALEXION PHARMACEUTICALS INC	338	715
31 SH AMYLIN PHARMACEUTICALS INC	478	353
15 SH AMYLIN PHARMACEUTICALS INC
39 SH ANNALY CAPITAL MANAGEMENT	729	622
9 SH APOLLO GROUP	452	485
12 SH APOLLO GROUP
46 SH APPLIED MATERIALS INC
14 SH BAXTER INTL INC
15 SH BAXTER INTL INC	675	742
4 SH BIO RAD LABORATORIES	428	384
21 SH BOEING COMPANY	1,489	1,540
18 SH BROADCOOM CORP CL A	718	528
55 SH BOSTON SCIENTIFIC CORP
66 SH CISCO SYSTEMS INC
79 SH CISCO SYSTEMS INC	1,730	1,428
46 SH CITIGROUP INC	1,978	1,210
186 SH CITIGROUP INC
3 SH CME GROUP INC	834	731
10 SH COACH INC	646	610
13 SH COLGATE PALMOLIVE CO	1,109	1,201
20 SH DOVER CORP
40 SH DOW CHEMICAL	1,124	1,150
14 SH ENSCO INTL LTD	770	657
18 SH EXXON MOBIL CORP	1,061	1,526
48 SH EXXON MOBIL CORP
25 SH GAMESTOP CORP
30 SH GAMESTOP CORP	591	724
39 SH GENERAL MOTORS CORP	1,293	791
30 SH GENERAL MOTORS CO
21 SH GENERAL DYNAMICS CORP	1,219	1,395
9 SH GENZYME CORP
15 SH GILEAD SCIENCES INC	551	614
8 SH GOLDMAN SACHS
30 SH HCA HOLDINGS INC	585	661
90 SH HERTZ GLOBAL HOLDINGS INC	1,366	1,055
17 SH HESS CORP	943	966
37 SH HEWLETT PACKARD CO	1,309	953
20 SH HOSPIRA INC	576	607
26 SH ILLINOIS TOOLWORKS INC	819	1,214
25 SH INTERNATIONAL GAME TECHNOLOGY
55 SH INTL GAME TECHNOLOGY	953	946
43 SH INVESCO LTD	779	864
23 SH JOHNSON & JOHNSON	1,505	1,508
34 SH JOHNSON CONTROLS INC
22 SH KELLOGG CO
10 SH KOHLS CORP	558	494
37 SH KRAFT FOODS INC	1,187	1,382
55 SH KROGER CORP	1,223	1,332
57 SH LOWES COMPANIES INC
20 SH METLIFE INC
22 SH METLIFE INC	922	686
58 SH METLIFE INC	1,358	878
10 SH MORGAN STANLEY
52 SH NATL SEMICONDUCTOR CORP
14 SH NEXTERA ENERGY INC	760	852
12 SH RAYTHEON CO
36 SH SEAGATE TECHNOLOGY PLC
55 SH SYMANTEC CORP	782	861
63 SH SYMANTEC CORP
9 SH TEVA PHARMACEUTICAL	403	363
34 SH US BANCORP DEL	803	920
43 SH US BANCORP DEL
7 SH VISA INC	517	711
11 SH VISA INC
10 SH ACORDA THERAPEUTICS INC	251	238

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
38949 SH CORPORATE PPTY ASSOCIATE	AT COST	326,207	405,070
750 SH CALAMOS CONV OP FD	AT COST	11,594	8,445
500 SH PIONEER HIGH INCOME TRUST	AT COST	7,149	8,665
443.207 FIRST EAGLE OVERSEAS FD CL A	AT COST	9,801	9,024
882.896 FIRST EAGLE OVERSEAS FD CL A	AT COST
225.047 FIRST EAGLE GLOBAL FD CL A	AT COST	10,249	10,154
270.898 FRANKLIN TEMPLETON GLOBL A	AT COST	3,505	3,362
770.548 INVESCO BALANCED RISK	AT COST	9,005	9,123
345.094 SH LORD ABBETT FUNDAMENTAL E	AT COST	4,629	4,179
121.142 LORD ABBET SMALL CAP BLEND	AT COST
206.801 LORD ABBETT ALPHA STRAT FD	AT COST
207.479 SH LORD ABBETT ALPHA STRAT F	AT COST	4,515	4,675
228.634 NUVEEN TRADEWINDS VALUE OPP	AT COST
253.421 NUVEEN TRADEWINDS VALUE OPP	AT COST	8,532	7,691
433.778 LORD ABBET FLOATING RATE	AT COST
455.514 LORD ABBETT FLOATING RATE FD	AT COST	4,243	4,104
853.668 LORD ABBET BOND FUND CLASS A	AT COST
866.362 LORD ABBETT BOND DEB FD CL A	AT COST	6,279	6,610
2025.500 UBS GLOBAL ALLOCATION CLASS	AT COST

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
INVESTMENT EXPENSES	2,898	2,898
ANNUAL DELAWARE CORPORATION F	25		25
REGISTERED AGENT FEE	365		365