Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
WF REILLY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)296 LUPINE WAY   Room/suite
City or town, state, and ZIP code
SHORT HILLS, NJ07078
A Employer identification number

13-4104179
B Telephone number (see page 10 of the instructions)

(973) 218-9492
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$438,284J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 42 42 42
4 Dividends and interest from securities...... 9,589 9,589 9,589
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 32,281
b Gross sales price for all assets on line 6a 214,391
7 Capital gain net income (from Part IV, line 2)...  
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........ 41,912 9,631 9,631
Operating and Administrative Expenses 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)....... Click to see attachment 7,560 5,550   2,010
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 852 191   661
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,839 10,148   691
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,251 15,889   3,362
25 Contributions, gifts, grants paid........ 29,250 29,250
26 Total expenses and disbursements. Add lines 24 and 25 48,501 15,889   32,612
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,589
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 9,631
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 32,116 19,801 19,801
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 367,245 Click to see attachment372,971 418,483
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 399,361 392,772 438,284
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 399,361 392,772
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 399,361 392,772
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 399,361 392,772
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)............... 1 399,361
2 Enter amount from Part I, line 27a..................... 2 -6,589
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 392,772
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 392,772
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 28,368 434,556 0.065280
2009 70,830 415,037 0.170659
2008 47,776 600,653 0.079540
2007 44,300 744,141 0.059532
2006 47,616 696,489 0.068366
2 Total of line 1, column (d) ...................... 2 0.443377
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 0.088675
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 863,340
5 Multiply line 4 by line 3....................... 5 76,557
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7 76,557
8 Enter qualifying distributions from Part XII, line 4.............. 8 32,612
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3  
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  
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,292
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 1,292
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,292
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet1,292 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNY
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNOT APPLICABLE
    14
    The books are in care ofbulletDIANE SIEGEL Telephone no.bullet (973) 218-9492
    Located atbullet296 LUPINE WAYSHORT HILLSNJ ZIP+4bullet07078
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JANE W MOUNTClick to see attachment DIRECTOR
    1.00     		0 0 0
    3853 POKAPAHU PLACE
    HONOLULU,HI96816
    ANTHONY REILLYClick to see attachment DIRECTOR
    1.00     		0 0 0
    92 WARREN STREET
    NEW YORK,NY10007
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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)
    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.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    433,723
    b
    Average of monthly cash balances.......................
    1b
    10,672
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    432,092
    d
    Total (add lines 1a, b, and c).........................
    1d
    876,487
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    876,487
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    13,147
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    863,340
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    43,167
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    43,167
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
     
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    43,167
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    43,167
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    43,167
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    32,612
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    32,612
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    32,612
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 43,167
    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....... 13,437
    b From 2007....... 8,421
    c From 2008....... 17,743
    d From 2009....... 50,078
    e From 2010....... 6,640
    fTotal of lines 3a through e......... 96,319
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 32,612
    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..... 32,612
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 10,555 10,555
    (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 85,764
    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) .............     		2,882
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		82,882
    10 Analysis of line 9:
    a Excess from 2007.... 8,421
    b Excess from 2008.... 17,743
    c Excess from 2009.... 50,078
    d Excess from 2010.... 6,640
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DIANE SIEGEL
    296 LUPINE WAY
    SHORT HILLS,NJ07078
    (973) 218-9492
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST INCLUDE SUFFICIENT INFORMATION TO DETERMINE APPROPRIATENESS OF REQUEST.
    cAny submission deadlines:
     
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HI NATURE CENTER
    2131 MAKAIKI HEIGHTS DR
    HONOLULU,HI96822     		NONE 501 (C) (3) EDUCATIONAL 1,400
    HI THEATRE CTR
    1132 BISHOP STREET
    HONOLULU,HI96813     		NONE 501 (C) (3) EDUCATIONAL 3,350
    SKOWHEGAN SCHOOL OF PAINTING &
    200 PARK AVENUE SOUTH
    NEW YORK,NY10003     		NONE 501 (C) (3) EDUCATIONAL 1,500
    THE CONTEMPORY MUSEUM
    2411 MAKIKI HEIGHTS DR
    HONOLULU,HI96822     		NONE 501 (C) (3) EDUCATIONAL 5,000
    FUQUA SCHOOL OF BUSINESS
    100 FUQUA DRIVE
    DURHAM,NC27708     		NONE 501 (C) (3) EDUCATIONAL 10,000
    WAIKIKI YACHT CLUB EDUCATIO FOUNDAT
    1599 ALA MOANA BLVD
    HONOLULU,HI96814     		NONE 501 (C) (3) EDUCATIONAL 1,000
    WOMEN'S FUND OF HAWAII
    1802 KEEAUMOKU ST
    HONOLULU,HI96822     		NONE 501 (C) (3) TO HELP EMPOWER WOMEN AND GIRLS 2,000
    PS 234 PTA
    292 GREENWICH STREET
    NEW YORK,NY10007     		NONE 501 (C) (3) EDUCATIONAL 5,000
    Total .................................bullet 3a 29,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments         42
    4 Dividends and interest from securities....     14 9,589  
    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         32,281
    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)..   9,589 32,323
    13Total. Add line 12, columns (b), (d), and (e)..................
    1341,912
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 4,275 4,275    
    TAX PREPARATION 2,010     2,010
    BOOKKEEPING 1,275 1,275    

    TY 2011 CompensationExplanation
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Person Name Explanation
    JANE W MOUNT  
    ANTHONY REILLY  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AMERICA MOVIL SAB DE CV 2011-02 PURCHASE 2011-06   1,514 1,678     -164  
    CARINVAL CORP PAIRED SHS 2011-02 PURCHASE 2011-05   1,465 1,773     -308  
    ENBRIDGE INC 2011-02 PURCHASE 2011-06   2,054 1,863     191  
    MARATHON PETROLEUM 2011-02 PURCHASE 2011-07   878 816     62  
    NOVARTIS ADR 2011-02 PURCHASE 2011-09   1,565 1,567     -2  
    NIKE INC CL B 2011-05 PURCHASE 2011-12   1,642 1,404     238  
    GENUINE PARTS CO 2011-02 PURCHASE 2011-09   1,167 1,178     -11  
    ARCHER DANIELS MIDLD 2010-09 PURCHASE 2011-05   12,553 12,301     252  
    AUTOMATIC DATA PROC 2010-01 PURCHASE 2011-05   371 319     52  
    AUTOMATIC DATA PROC 2010-11 PURCHASE 2011-07   1,100 912     188  
    COSTCO WHOLESALE 2010-04 PURCHASE 2011-02   1,861 1,497     364  
    CATERPILLER INC 2010-08 PURCHASE 2011-02   1,740 1,222     518  
    GENUINE PARTS 2010-09 PURCHASE 2011-09   4,776 4,060     716  
    MARATHON OIL CORP 2010-11 PURCHASE 2011-06   257 169     88  
    MARATHON OIL CORP 2010-11 PURCHASE 2011-06   1,328 879     449  
    MARATHON PETRO CORP 2010-11 PURCHASE 2011-07   6,143 4,012     2,131  
    NOVARTIS CORP 2010-10 PURCHASE 2011-09   1,173 1,213     -40  
    SAP AG 2010-08 PURCHASE 2011-05   3,093 2,145     948  
    SAP AG 2010-08 PURCHASE 2011-06   1,595 1,138     457  
    TARGET CORP 2010-09 PURCHASE 2011-05   3,760 4,068     -308  
    TARGET CORP 2010-09 PURCHASE 2011-05   4,863 5,261     -398  
    AFLAC INC 2010-02 PURCHASE 2011-06   10,674 11,183     -509  
    AMERICA MOVIL 2010-05 PURCHASE 2011-06   7,974 7,840     134  
    AMER EXPRESS CO 2010-06 PURCHASE 2011-07   1,559 1,216     343  
    AMERICAN WTR WKS 2009-12 PURCHASE 2011-05   1,483 1,127     356  
    CARNIVAL CORP 2010-01 PURCHASE 2011-05   9,950 8,678     1,272  
    COSTCO WHOLESALE CORP 2010-04 PURCHASE 2011-05   413 299     114  
    COVINDIEN 2009-11 PURCHASE 2011-06   1,987 1,678     309  
    DIGITAL RLTY 2009-11 PURCHASE 2011-06   256 195     61  
    DIGITAL RLTY 2009-11 PURCHASE 2011-12   2,511 1,853     658  
    ENBRIDGE INC 2008-06 PURCHASE 2011-06   6,967 4,963     2,004  
    ENBRIDGE INC 2008-06 PURCHASE 2011-06   4,910 3,499     1,411  
    GENUINE PARTS CO 2010-08 PURCHASE 2011-09   1,380 1,142     238  
    HONEYWELL INTL INC 2007-03 PURCHASE 2011-06   3,914 3,267     647  
    HONEYWELL INTL INC 2007-03 PURCHASE 2011-07   1,878 1,468     410  
    INTL BUSINESS MACHINES 2008-07 PURCHASE 2011-10   9,468 7,266     2,202  
    MCDONALDS CORP 2007-09 PURCHASE 2011-07   3,586 2,161     1,425  
    NOVARTIS ADR 2010-02 PURCHASE 2011-09   11,048 10,750     298  
    PEPSICO INC 2004-12 PURCHASE 2011-02   7,920 6,530     1,390  
    PEPSICO INC 2007-07 PURCHASE 2011-02   444 464     -20  
    PEPSICO INC 2009-09 PURCHASE 2011-02   4,562 4,190     372  
    PRAXAIR INC. 2010-03 PURCHASE 2011-10   6,662 4,938     1,724  
    ROYAL DUTCH SHEL 2009-09 PURCHASE 2011-02   13,947 11,582     2,365  
    SAP AG SHS 2010-08 PURCHASE 2011-12   16,854 13,310     3,544  
    UPS 2010-02 PURCHASE 2011-06   626 529     97  
    UNITED TECHS CORP 2006-08 PURCHASE 2011-07   2,018 1,376     642  
    ACE LIMITED 2009-10 PURCHASE 2011-06   4,593 3,784     809  
    WALGREEN CO 2009-02 PURCHASE 2011-02   3,444 2,173     1,271  
    WALGREEN CO 2009-02 PURCHASE 2011-06   1,969 1,192     777  
    WALGREEN CO 2009-02 PURCHASE 2011-09   9,043 6,862     2,181  
    WALGREEN CO 2010-04 PURCHASE 2011-09   5,796 5,946     -150  
    WISCONSIN ENERGY 2010-02 PURCHASE 2011-12   1,657 1,174     483  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACE LIMITED 42 SHRS 2,303 2,945
    ACE LIMITED 90 SHRS 4,706 6,311
    AIR PRODUCT & CHEM 95 SHRS 8,536 8,093
    AMERICAN WTR WKS CO INC 10,298 14,241
    AMER EXPRESS COMPANY 244 10,232 11,509
    AMER EXPRESS COMPANY 91 4,522 4,292
    ADP 161 SHS 7,339 8,696
    ADP 85 SHS 4,231 4,591
    CARDINAL HEALTH INC 270 8,407 10,965
    CARDINAL HEALTH INC 1112 5,263 4,548
    CATERPILLAR INC DEL 156 11,215 14,134
    COSTCO WHOLESALE CRP 228 13,648 18,997
    COVIDIEN PLC SHS 380 18,540 17,104
    CVS CARE MARK CORP 453 16,198 18,473
    DIGITAL RLTY TR IN 253 14,140 16,868
    DR PEPPER SNAPPLE GRP 425 17,150 16,779
    HONEYWELL INTL INC DEL 297 13,772 16,142
    INTL BUSINESS MACHINES CORP 87 10,040 15,998
    INTUIT INC 316 16,749 16,618
    MARATHON OIL CORP 14,202 16,128
    MCDONALDS CORP 7,768 15,150
    MICROSOFT CORP 23,307 21,729
    NIKE INC 7,184 8,384
    OCCIDENTIAL PETE 13,668 12,275
    PRICE T ROWE GRP INC 10,707 12,187
    SCHLU,BERGER LTD 8,978 10,178
    TIFFANY & CO NEW 11,523 10,240
    UPS 15,740 19,615
    UNITED TECHS CORP 13,524 14,399
    VACOM INC NEW 13,034 11,761
    VODAFONE GRP PLC SP 12,816 13,651
    WELLPOINT INC 12,682 12,654
    WISONSIN ENERGY 10,549 12,828
    MICROSOFT CORP    
    PEPSICO INC    
    UNITED TECHS CORP COM    
    GENUINE PARTS CO    
    NOVARTIS ADR    
    WISCONSIN ENERGY CORP    
    AMERICAN WTR WKS    
    IBM    
    GENUINE PARTS CO    
    TARGET CORP COM    
    HONEYWELL INTL INC DEL    
    PEPSICO INC    
    WISCONSIN ENERGY CORP    
    ACE LIMITED    
    IIBM    
    PRAXAIR INC    
    COVIDIEN PLC    
    TARGET CORP COM    
    ACE LIMITED    
    WALGREEN CO    
    PEPISCO INC    
    DIGITAL RLTY INC    
    AMERICAN MOVIL SAB    
    CARDINAL HEALTH INC    
    ENBRIDGE    
    ADP PROC    
    CARNIVAL CORP PAIRED    
    SCHLUMBERGER LTD    
    AMERICAN WTR WKS    
    UNITED TECHS CORP COM    
    MCDONALDS CORP COM    
    IBM    
    WALGREEN CO    
    PRICE T ROWE GROUP INC    
    NOVARTIS ADR    
    MARATHON OIL CORK    
    AFLAC INC    
    AMER EXPRESS COMPANY    
    ROYAL DUTCH SHEL PLC SPONS ADR B    
    COVIDIEN PLC    
    ARCHER DANIELS MIDLD    
    CATERPILLAR INC    
    HONEYWELL INTL INC DEL    
    COSTCO WHOLESALE CORP    
    UNTIED PARCEL SVC CL B    
    SAP AG SHS    
    MICROSOFT CORP    

    TY 2011 OtherExpensesSchedule
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    FEDERAL EXPRESS 68     68
    PIA ADVISORY FEE 10,148 10,148    
    1099S/ TAX RTN COPIES 23     23
    HAWAII NATURE CENTER 600     600


    TY 2011 TaxesSchedule
    Name:
    WF REILLY FOUNDATION INC
    EIN: 13-4104179
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CT CORP 365     365
    CT CORP 61     61
    ALM 125     125
    FOREIGN TAXES ON DIV 191 191    
    NYS DEPT OF LAW FORM 500 NY 110     110