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
BERNARD AND MARY ANN POWELL
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1368   Room/suite
City or town, state, and ZIP code
CLEARWATER, FL337561368
A Employer identification number

59-3575091
B Telephone number (see page 10 of the instructions)

(727) 488-9089
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$4,557,065J 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 315,377 315,377  
4 Dividends and interest from securities...... 20,000 20,000  
5a Gross rents.............. 12,146 12,146  
b Net rental income or (loss) -2,455
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 13,773
b Gross sales price for all assets on line 6a 1,805,779
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)....... Click to see attachment 333 333  
12 Total. Add lines 1 through 11........ 361,629 347,856  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000     36,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 7,895 664   7,231
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,028     4,028
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,783 3,783  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25,980 10,154   15,826
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,686 14,601   63,085
25 Contributions, gifts, grants paid........ 184,000 184,000
26 Total expenses and disbursements. Add lines 24 and 25 261,686 14,601   247,085
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 99,943
b Net investment income (if negative, enter -0-) 333,255
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 9,508 97,885 97,885
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)........   Click to see attachment4,708,435 4,429,180
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)........... 4,628,311 Click to see attachment200,000  
14 Land, buildings, and equipment: basis bullet104,024
Less: accumulated depreciation (attach schedule) bullet17,853 89,954 Click to see attachment86,171 30,000
15 Other assets (describe bullet) Click to see attachment200,000    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,927,773 5,092,491 4,557,065
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.................... 4,927,773 5,092,491
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).................... 4,927,773 5,092,491
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,927,773 5,092,491
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 4,927,773
2 Enter amount from Part I, line 27a..................... 2 99,943
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 64,775
4 Add lines 1, 2, and 3.......................... 4 5,092,491
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 5,092,491
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 280,205 4,678,146 0.059897
2009 239,003 4,227,174 0.056540
2008 260,000 4,320,808 0.060174
2007 243,494 4,655,027 0.052308
2006 212,934 4,265,663 0.049918
2 Total of line 1, column (d) ...................... 2 0.278837
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 0.055767
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,284,750
5 Multiply line 4 by line 3....................... 5 238,948
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,333
7 Add lines 5 and 6......................... 7 242,281
8 Enter qualifying distributions from Part XII, line 4.............. 8 247,085
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 3,333
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 3,333
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 3,333
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,730
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 2,730
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 19
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 622
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 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)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletM DENNIS MODRAK CPA Telephone no.bullet (941) 504-4510
    Located atbulletPO BOX 20488SARASOTAFL ZIP+4bullet34276
    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
    ELIZABETH ARCHANGELIClick to see attachment DIRECTOR
    10.00     		15,000 0 0
    275 MARSETT RD
    SHELBURNE,VT05482
    MATTHEW ARCHANGELIClick to see attachment DIRECTOR
    10.00     		15,000 0 0
    12102 CREOLE CT
    PARRISH,FL34219
    KATHLEEN STRONGClick to see attachment DIRECTOR
    5.00     		6,000 0 0
    101 PONCE DE LEON BLVD
    BELLAIRE,FL33756
    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
    4,250,000
    b
    Average of monthly cash balances.......................
    1b
    100,000
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,350,000
    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
    4,350,000
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    65,250
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,284,750
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    214,238
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    214,238
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,333
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,333
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    210,905
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    210,905
    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
    210,905
    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
    247,085
    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
    247,085
    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
    3,333
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    243,752
    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 7 210,905
    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.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 247,085
    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..... 210,905
    e Remaining amount distributed out of corpus 36,180
    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 36,180
    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) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		36,180
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011.... 36,180
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN CANCER SOCIETY
    4801 86TH AVENUE NORTH
    PINELLAS PARK,FL33782     		NONE 501(C)(3) UNRESTRICTED CHARITABLE CONTRIBUTION 8,000
    BOYSVILLE OF MICHIGAN IN
    8759 CLINTON-MACON ROAD
    CLINTON,MI49236     		NONE 501(C)(3) UNRESTRICTED CHARITABLE CONTRIBUTION 5,000
    VERMONT REFUGEE
    462 HEGMAN AVE
    COLCHESTER,VT05446     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 20,000
    SUNCOAST SEABIRDS
    18323 SUNSET BLVD
    REDINGTON SHORES,FL33708     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 10,000
    SENIOR FRIENDS
    18323 SUNSET BLVD
    REDINGTON SHORES,FL33708     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 10,000
    HOMELESS EMERGENCY PROJECT
    1120 N BETTY LAND
    CLEARWATER,FL33755     		NONE 501C3 UNRESTRICTED CHARITALBE CONTRIBUTION 5,000
    HOSPICE FOUNDATION
    300 E BAY DRIVE
    LARGO,FL33770     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 7,000
    CHI CHI RODRIGUES
    3030 N MCMULLEN BOOTH ROA
    CLEARWATER,FL33761     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 5,000
    THE HAVEN OF RCS
    1855 S HIGHLAND AVE
    CLEARWATER,FL33756     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 4,000
    THE SALVATION ARMY
    PO BOX 8070
    CLEARWATER,FL33758     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 12,000
    JUVENILE SERVICES
    1501N BELCHER ROAD
    CLEARWATER,FL33760     		NONE 501C3 UNRESTRICTED CHARITALE CONTRIBUTION 5,000
    UPARC
    1501 N BELCHER ROAD
    CLEARWATER,FL33765     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTIO 6,000
    GULF COAST ONCOLOGY
    1201 5TH AVE N
    ST PETERSBURG,FL33761     		NONE 501C3 UNRESTRICTED 5,000
    ISAIAH'S INN
    1197 GROVE ST
    CLEARWATER,FL33755     		NONE 501C3 UNRESTRICTED 5,000
    UNIVERSITY OF DETROIT MERCEY
    4001 WEST MCNICHOLS ROAD
    DETROIT,MI48219     		NONE 501C3 UNRESTRICTED 8,000
    UNIVERSITY OF DETROIT HIGH SCHOOL
    8400 S CAMBRIDGE AVE
    DETROIT,MI48221     		NONE 501C3 UNRESTRICTED 8,000
    COAST GUARD FOUNDATION
    1201 5TH AVE N
    ST PETERSBURG,FL33756     		NONE 501C3 UCC 3,000
    ST VINCENT DEPAUL
    9111 90TH AVENUE N
    LARGO,FL33777     		NONE 501C3 UCC 8,000
    WEDU
    1300 NORTH STREET
    TAMPA,FL33360     		NONE 501C3 UCC 5,000
    COVENANT HOUSE
    733 BREAKERS AVE
    FORT LAUDERDALE,FL33304     		NONE 501C3 UCC 5,000
    NEIGHBORLY CARE NETWORK
    12425 28TH STREET NORTH
    ST PETERSBURG,FL33716     		NONE 501C3 UCC 4,000
    ECKERD FAMILY YOUTH ALTERNATIVES
    100 N STARCREST DRIVE
    CLEARWATER,FL33758     		NONE 501C3 UCC 5,000
    CLEARWATER AQUARIUM
    249 WINWARD PASSAGE
    CLEARWATER,FL33767     		NONE 501C3 UCC 5,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVE
    MONTGOMERY,AL36117     		NONE 501C3 UCC 15,000
    ST MICHAELS
    1 WINOOKI PARK
    COLCHESTER,VT05401     		NONE 501C3 UCC 11,000
    Total .................................bullet 3a 184,000
    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         315,377
    4 Dividends and interest from securities....         20,000
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         -2,455
    6Net rental income or (loss) from personal property          
    7 Other investment income.....         333
    8Gain or (loss) from sales of assets other than inventory         13,773
    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)..     347,028
    13Total. Add line 12, columns (b), (d), and (e)..................
    13347,028
    (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 CompensationExplanation
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Person Name Explanation
    ELIZABETH ARCHANGELI  
    MATTHEW ARCHANGELI  
    KATHLEEN STRONG  

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    TY 2011 DepreciationSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CONDO-HARBOR SPRINGS, MI 2007-04-01 104,024 14,070 S/L 27.5000 3,783 3,783    

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    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ALLEGHENY LUDLUM CORP DEB 2010-10 PURCHASE 2011-06   27,619 25,734     1,885  
    ALTERNATIVE LOAN TRUST 2010-03 PURCHASE 2011-01   310 210     100  
    ALTERNATIVE LOAN TRUST 2010-03 PURCHASE 2011-02   278 188     90  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-01   663 573     90  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-02   448 387     61  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-03   807 697     110  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-04   594 513     81  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-05   718 620     98  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-06   621 536     85  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-07   545 471     74  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-08   286 247     39  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-09   290 251     39  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-10   417 360     57  
    BMW BK NORTH AMER UTAH 2010-07 PURCHASE 2011-03   75,000 75,004     -4  
    CHESAPEAKE ENERGY CORP SR NT 2010-08 PURCHASE 2011-04   38,144 35,643     2,501  
    CHICAGO ILL TAXABLE GO BDS 2010-12 PURCHASE 2011-08   29,244 25,776     3,468  
    CITIZENS FIRST BK INC BOWLING 2011-08 PURCHASE 2011-12   55,000 55,006     -6  
    COUNTRYWIDE ALT LOAN TRUST 2011-11 PURCHASE 2011-12   1 1        
    CWALT INC 2011-02 PURCHASE 2011-03   169 93     76  
    CWALT INC 2011-02 PURCHASE 2011-04   142 78     64  
    CWALT INC 2011-02 PURCHASE 2011-05   144 79     65  
    CWALT INC 2011-02 PURCHASE 2011-06   146 80     66  
    CWALT INC 2011-02 PURCHASE 2011-07   172 94     78  
    CWALT INC 2011-02 PURCHASE 2011-08   176 96     80  
    CWALT INC 2011-02 PURCHASE 2011-09   301 165     136  
    CWALT INC 2011-02 PURCHASE 2011-10   239 131     108  
    CWALT INC 2011-02 PURCHASE 2011-11   269 147     122  
    CWALT INC 2011-02 PURCHASE 2011-12   316 173     143  
    DALLAS-FORT WORTH TEX INTL 2010-12 PURCHASE 2011-08   25,000 24,894     106  
    FIRST UNION INSTL CAPITAL II SEC 2010-07 PURCHASE 2011-04   38,017 37,591     426  
    GE CAP FINL INC 2010-11 PURCHASE 2011-02   70,000 70,003     -3  
    HSBC BK USA N A MC LEAN VA 2010-01 PURCHASE 2011-01   49,494 49,800     -306  
    LOS ANGELES CNTY CALIF PUB WKS REV B 2010-11 PURCHASE 2011-09   33,069 30,873     2,196  
    MASSEY ENERGY CO SR NT 2010-07 PURCHASE 2011-07   25,430 25,159     271  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-02   279 158     121  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-03   361 204     157  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-04   190 107     83  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-05   290 164     126  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-06   168 95     73  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-07   148 84     64  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-08   289 163     126  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-09   219 123     96  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-10   187 105     82  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-11   123 69     54  
    MASTR ALTERNATIVE LOAN TRUST 2011-01 PURCHASE 2011-12   120 67     53  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-01   233 152     81  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-02   124 81     43  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-03   48 32     16  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-05   203 133     70  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-06   177 116     61  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-07   96 63     33  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-08   62 41     21  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-09   36 24     12  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-10   164 107     57  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2011-11   79 52     27  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-01   520 354     166  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-02   258 176     82  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-03   268 182     86  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-01   533 397     136  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-02   265 197     68  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-03   274 204     70  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-04   416 310     106  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-05   465 347     118  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-06   259 193     66  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-07   905 674     231  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-08   346 258     88  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-09   117 87     30  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-10   373 278     95  
    NOMURA ASSET ACCEP CORP 2010-12 PURCHASE 2011-11   62 46     16  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-04   477 358     119  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-05   534 400     134  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-06   297 223     74  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-07   1,037 777     260  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-08   397 297     100  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-09   134 101     33  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-10   428 321     107  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-11   71 53     18  
    NOMURA ASSET ACCEP CORP 2011-03 PURCHASE 2011-12   125 94     31  
    SANBERNARDINO CALIF CITY UNI COPS 2011-03 PURCHASE 2011-09   28,869 26,268     2,601  
    SOUTHERN COPPER CORP DEL NOTES 2011-06 PURCHASE 2011-09   26,494 25,131     1,363  
    STANDARD FED BK N A TROY MICH 2010-07 PURCHASE 2011-02   25,000 25,006     -6  
    TRANSOCEAN INC 2010-07 PURCHASE 2011-04   26,557 22,944     3,613  
    UNION CARBIDE CORP 2010-07 PURCHASE 2011-07   28,119 25,307     2,812  
    UNITED SEC BK FRESNO CALIF CD 2011-01 PURCHASE 2011-03   25,000 25,006     -6  
    VULCAN MATERIALS SR UNSECURED 2011-07 PURCHASE 2011-12   27,088 25,853     1,235  
    AES CORP SR NT 2009-12 PURCHASE 2011-07   26,807 26,115     692  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-03   278 188     90  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-04   395 267     128  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-05   227 154     73  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-06   279 189     90  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-07   264 178     86  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-08   145 98     47  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-09   221 149     72  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-10   125 85     40  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-11   263 178     85  
    ALTERNATIVE LOAN TRUST MTGPC 2010-03 PURCHASE 2011-12   269 182     87  
    ALTERNATIVE LOAN TRUST RESEC SERIES 2009-10 PURCHASE 2011-02   11 8     3  
    ALTERNATIVE LOAN TRUST RESEC SERIES 2009-10 PURCHASE 2011-03   131 97     34  
    ALTERNATIVE LOAN TRUST RESEC SERIES 2009-10 PURCHASE 2011-09   26 19     7  
    ALTERNATIVE LOAN TRUST RESEC SERIES 2009-10 PURCHASE 2011-11   130 96     34  
    ARROW ELECTRONICS INC 2009-10 PURCHASE 2011-05   27,775 25,754     2,021  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-11   199 172     27  
    BANK OF AMERICA MTG SEC 2010-11 PURCHASE 2011-12   164 141     23  
    BARCLAYS BK PLC 2010-06 PURCHASE 2011-06   30,000 30,000        
    BEAR STEARNS COS INC 2006-01 PURCHASE 2011-08   40,645 25,000     15,645  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-01   781 632     149  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-02   752 609     143  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-03   686 555     131  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-04   459 372     87  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-05   728 589     139  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-08   410 332     78  
    CHL MORTGAGE PASS-THROUGH TRUST 2009-07 PURCHASE 2011-12   380 307     73  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-01   160 131     29  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-02   122 100     22  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-03   129 106     23  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-04   143 117     26  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-05   220 180     40  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-06   149 122     27  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-07   91 75     16  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-08   103 84     19  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-09   96 79     17  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-10   85 70     15  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-11   38 31     7  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2011-12   234 192     42  
    CORTS AON CAP A 2004-11 PURCHASE 2011-02   25,625 26,959     -1,334  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-02   61 59     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-03   83 81     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-04   851 825     26  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-05   62 61     1  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-06   69 67     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-07   81 79     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-08   64 62     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-09   140 136     4  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-10   69 67     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-11   66 64     2  
    CWALT INC MTGPC 2009-09 PURCHASE 2011-12   64 62     2  
    EATON VANCE 2006-11 PURCHASE 2011-02   40,108 52,854     -12,746  
    FIRSTENERGY SOLUTIONS CORP 2010-06 PURCHASE 2011-08   32,282 29,775     2,507  
    FORD MOTOR CREDIT CO 2006-09 PURCHASE 2011-01   25,000 21,875     3,125  
    FORD MOTOR CREDIT CO 2006-01 PURCHASE 2011-03   26,000 18,438     7,562  
    HARRIS CNTY-HOUSTON TEX SPORTS AUTH 2009-10 PURCHASE 2011-11   5,000 5,150     -150  
    ING GROEP N V 2010-03 PURCHASE 2011-11   32,764 36,645     -3,881  
    JURUPA CALIF CMNTY SVCS DIST C COPS 2010-02 PURCHASE 2011-12   32,694 30,457     2,237  
    LEHMAN BROS BK FSB WILMINGTON DEL CD 2003-06 PURCHASE 2011-01   100,000 100,000        
    LEHMAN BROS HOLDINGS INC MEDIUM TERM 2003-06 PURCHASE 2011-03   11,899 51,250     -39,351  
    LEHMAN BROTHERS HOLDINGS INC 2003-06 PURCHASE 2011-03   11,824 51,095     -39,271  
    LOS ANGELES CALIF MUN IMPT COR LEASE 2010-05 PURCHASE 2011-11   25,869 25,716     153  
    MARICOPA CNTY ARIZ ELEM SCH DI SCH 2010-04 PURCHASE 2011-10   32,094 30,704     1,390  
    NEW YORK TEL CO DEB 2003-08 PURCHASE 2011-06   51,994 50,137     1,857  
    NEW YORK TELEPHONE CO 2006-01 PURCHASE 2011-09   35,694 33,490     2,204  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-04   406 276     130  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-05   454 309     145  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-06   253 172     81  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-07   883 600     283  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-08   338 230     108  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-09   114 78     36  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-10   364 248     116  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-11   60 41     19  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-12   106 72     34  
    NOMURA ASSET ACCEP CORP 2010-04 PURCHASE 2011-12   109 81     28  
    OHIO PWR CO SR NT 2009-04 PURCHASE 2011-10   28,274 24,300     3,974  
    ORLANDO FLA CMNTY REDEV AGY 2010-04 PURCHASE 2011-09   15,992 15,322     670  
    PASSAIC VALLEY N J WTR COMMN 2009-12 PURCHASE 2011-09   33,648 30,725     2,923  
    PIONEER NATURAL RESOURCES CO SR NOTE 2007-03 PURCHASE 2011-11   26,744 25,219     1,525  
    PIONEER NATURAL RESOURCES CO SR NOTE 2007-03 PURCHASE 2011-11   26,494 25,219     1,275  
    PIONEER NATURAL RESOURCES CO SR NOTE 2007-03 PURCHASE 2011-12   25,007 23,201     1,806  
    PIONEER NATURAL RESOURCES CO SR NOTE 2007-03 PURCHASE 2011-12   2,175 2,009     166  
    PROVIDENT COMPANIES INC SENIOR NOTES 2003-07 PURCHASE 2011-08   26,619 25,269     1,350  
    PROVIDENT COMPANIES INC SENIOR NOTES 2003-07 PURCHASE 2011-03   26,494 25,267     1,227  
    PROVIDENT COMPANIES INC SENIOR NOTES 2003-07 PURCHASE 2011-03   26,932 25,267     1,665  
    PROVIDENT COMPANIES INC SENIOR NOTES 2003-07 PURCHASE 2011-07   27,246 25,257     1,989  
    PROVIDENT COMPANIES INC SENIOR NOTES 2006-01 PURCHASE 2011-07   15,258 14,183     1,075  
    SLM CORP EDNOTES 2005-12 PURCHASE 2011-06   25,057 24,488     569  
    SOUTH JERSEY TRANSN AUTH N J 2010-01 PURCHASE 2011-10   32,544 30,006     2,538  
    STATE OF CALIFORNIA VARIOUS PURPOSE 2009-06 PURCHASE 2011-06   28,282 23,448     4,834  
    TRANSATLANTIC HLDGS INC SR NT 2010-06 PURCHASE 2011-08   27,994 25,519     2,475  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-09 PURCHASE 2011-01   464 429     35  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-09 PURCHASE 2011-01   17,523 17,039     484  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-01   596 482     114  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-02   443 359     84  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-03   388 314     74  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-04   274 221     53  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-05   361 292     69  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-06   299 242     57  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-07   324 262     62  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-08   380 308     72  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-09   369 299     70  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-10   299 241     58  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-11   208 169     39  
    WELLS FARGO MORTGAGE BACKED SECURITI 2009-11 PURCHASE 2011-12   241 195     46  
    WEYERHAEUSER CO DEBS 2009-11 PURCHASE 2011-05   28,619 25,805     2,814  
    ADVANCE AUTO PARTS 2010-06 PURCHASE 2011-06   6,773 5,788     985  
    BAYTEX ENERGY CORP 2010-06 PURCHASE 2011-02   5,791 5,988     -197  
    C H ROBINSON WORLDWIDE 2010-06 PURCHASE 2011-10   6,767 5,897     870  
    INTEROIL CORP 2010-06 PURCHASE 2011-09   5,849 6,034     -185  
    NETSCOUT SYSTEMS INC 2010-08 PURCHASE 2011-07   6,602 5,212     1,390  
    PEGASYSTEMS INC 2011-08 PURCHASE 2011-12   5,308 7,542     -2,234  
    PROSHS ULTRASHORT LEHMAN 2011-02 PURCHASE 2011-02   7,888 7,381     507  
    SALESFORCE COM 2010-06 PURCHASE 2011-01   5,583 3,817     1,766  
    SALESFORCE COM 2010-06 PURCHASE 2011-11   3,041 2,545     496  
    SILVER WHEATON CORP 2010-06 PURCHASE 2011-02   3,444 1,834     1,610  
    SILVER WHEATON CORP 2010-06 PURCHASE 2011-05   2,168 989     1,179  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 119,475  
    RBC - CASH 30,099  
    RBC - OTHER ASSETS 21,066  
    RBC - MIXED ASSETS 39,000  
    RBC - TAX-EXEMPT FIXED INCOME 27,000  
    RBC - TAXABLE FIXED INCOME 4,138,883 4,138,883
    RBC - INTERNATIONAL EQUITIES 42,615  
    RBC - US EQUITIES 290,297 290,297

    TY 2011 InvestmentsOtherSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JB HANAUER-PREFERRED SECURITIES FMV    
    CHARLES SCHUAB FMV    
    INVESTMENT-LIFE INSURANCE   200,000  

    TY 2011 LandEtcSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      104,024 17,853 86,171 30,000


    TY 2011 OtherAssetsSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LIFE INSURANCE 200,000    


    TY 2011 OtherExpensesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RESIDENTIAL RENTAL-HARBOR S        
    ASSOCIATION DUES        
    MANAGEMENT FEES        
    POSTAGE        
    INSURANCE        
    TAX EXPENSE        
    UTILITIES        
    HARBOR SPRINGS EXPENSES - OTH        
    HARBOR SPRINGS EXPENSE 221 221    
    HARBOR SPRINGS EXPENSE: ASSOC 5,660 5,660    
    HARBOR SPRINGS EXPENSE: INSUR 102 102    
    HARBOR SPRINGS EXPENSE: POSTA 18 18    
    HARBOR SPRINGS EXPENSE: REPAI 150 150    
    HARBOR SPRINGS EXPENSE: TAX E 2,818 2,818    
    HARBOR SPRINGS EXPENSE: UTILI 1,185 1,185    
    EXPENSES        
    ADVISER FEE 612     612
    OPERATING EXPENSES:PROFESSION 7,725     7,725
    OPERATING EXPENSES:BANK CHARG 2,266     2,266
    OPERATING EXPENSES:MISCELLANE 5,223     5,223


    TY 2011 OtherIncomeSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 333 333  


    TY 2011 OtherIncreasesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Amount
    UNREALIZED GAIN (LOSS) ON INVESTMENTS 64,775


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OPERATING EXPENSES 7,231     7,231
    RESIDENTIAL RENTAL-HARBOR S 664 664    


    TY 2011 TaxesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES        
    FOREIGN TAX PAID 94     94
    OPERATING EXPENSES:TAX EXPENS 3,934     3,934