TY 2011 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 07-01-2011 , and ending 06-30-2012

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

Amended returnAddress changeName change

Name of foundation
Musgrave Foundation

Number and street (or P.O. box number if mail is not delivered to street address)1615 S Glenstone Room/suite

City or town, state, and ZIP code
Springfield, MO65804

A Employer identification number

43-1304514

B Telephone number (see page 10 of the instructions)

(417) 841-4600

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$14,140,931J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	177,804		177,804	177,804
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		200,827
b	Gross sales price for all assets on line 6a 13,756,700
7	Capital gain net income (from Part IV, line 2)...			200,827
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).......		641,597	641,278
12	Total. Add lines 1 through 11........	1,020,228		1,019,909	177,804
13	Compensation of officers, directors, trustees, etc.	260,791		151,066		109,725
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,250			2,125
c	Other professional fees (attach schedule)....		37,590			37,590
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		26,865
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	7,700
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		59,589	48,888		3,784
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	396,785		199,954		153,224
25	Contributions, gifts, grants paid........	705,410				705,410
26	Total expenses and disbursements. Add lines 24 and 25	1,102,195		199,954		858,634
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-81,967
b	Net investment income (if negative, enter -0-)			819,955
c	Adjusted net income (if negative, enter -0-)...				177,804

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	82,170	85,693	85,693
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	3,458,945	3,820,834	4,156,056
	c	Investments—corporate bonds (attach schedule)........	800,000	300,000	307,950
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	6,712,584	6,767,641	9,591,232
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,053,699	10,974,168	14,140,931
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	11,053,699	10,974,168
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	11,053,699	10,974,168
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	11,053,699	10,974,168

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	11,053,699
2	Enter amount from Part I, line 27a.....................	2	-81,967
3	Other increases not included in line 2 (itemize)	3	2,436
4	Add lines 1, 2, and 3..........................	4	10,974,168
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	10,974,168

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	IDR Core Equity K-1	P	2001-01-01	2011-12-31
b	IDR Core Equity K-1	P	2001-01-01	2011-12-31
c	First Amer Prime Oblig Fund Cl Y	P	2011-01-01	2012-06-30
d	3682 International Coal Group Inc	P	2011-03-23	2011-07-15
e	32 Carnival Corp	P	2010-01-02	2012-05-17
	.75 H E I C O Corp	P	2010-01-02	2012-05-17
	500000 JP Morgan Chase & Co	P	2008-11-25	2011-11-25
	0.0000 ABERDEEN FDS EMRGN	P	2010-01-01	2011-12-22
	0.0000 ROWE T PRICE MID-CAP VALUE FD INC	P	2010-01-01	2011-12-16
	0.0037 DRIEHAUS ACTIVE INCOME FUND	P	2011-01-01	2011-12-21
	0.1200 ROWE T PRICE MID-CAP VALUE FD INC	P	2011-01-01	2011-12-16
	18.0000 ACCENTURE PLC CL A	P	2008-07-21	2012-05-14
	4,048.8790 LAUDUS INTL MARKETMASTERS FUND SEL	P	2011-04-05	2012-05-08
	727.0000 STEEL DYNAMICS INC	P	2011-03-23	2012-05-08
	83.0000 LINCOLN NATL CORP IND	P	2011-03-23	2012-05-08
	76.0000 CARPENTER TECHNOLOGY CORP	P	2011-03-23	2012-05-08
	409.4650 LAUDUS INTL MARKETMASTERS FUND SEL	P	2011-02-16	2012-05-08
	295.0000 HARTFORD FINANCIAL SERVICES GRP INC	P	2011-02-16	2012-05-08
	5,213.0000 IPATH DOW JONES UBS COMMODITY	P	2011-02-16	2012-05-08
	35.0000 AIRGAS INC	P	2011-02-16	2012-05-08
	178.0000 EXELON CORPORATION	P	2010-05-06	2012-05-08
	133.0000 CONSOL ENERGY INC	P	2010-04-08	2012-05-08
	58.0000 CELANESE CORP SER A	P	2009-11-02	2012-05-08
	175.0000 VISA INC CLASS A SHARES	P	2009-05-05	2012-05-08
	70.0000 HANOVER INS GROUP INC	P	2008-11-03	2012-05-08
	113.0000 CROWN CASTLE INTL CORP	P	2008-09-23	2012-05-08
	1.0000 MEASUREMENT SPECIALTIES INC	P	2008-07-07	2012-05-08
	122.0000 INTERNATIONAL BUSINESS MACHINES CORP	P	2008-06-11	2012-05-08
	130.0000 SHAW GROUP INC	P	2006-10-10	2012-05-08
	1,196.0000 NEWPARK RES INC	P	2006-10-10	2012-05-08
	119.0000 MEASUREMENT SPECIALTIES INC	P	2006-10-10	2012-05-08
	163.0000 PRAXAIR INC	P	2004-08-27	2012-05-08
	0.5600 EXELON CORPORATION	P	2010-05-06	2012-03-20
	1,261.0000 ISHARES MSCI EMERGING MKTS E T F	P	2010-05-24	2012-01-13
	152.3500 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-11-15	2011-11-16
	271.0000 INVESCO LTD	P	2010-04-08	2011-11-16
	273.0000 UNUM GROUP	P	2010-02-17	2011-11-16
	112.0000 R T I INTL METALS INC	P	2010-02-17	2011-11-16
	56.0000 TYCO INTERNATIONAL LTD	P	2009-11-17	2011-11-16
	147.0000 HOLOGIC INC	P	2009-11-17	2011-11-16
	130.0000 CELANESE CORP SER A	P	2009-11-02	2011-11-16
	76.0000 PHARMACEUTICAL PROD DEV INC	P	2009-08-07	2011-11-16
	172.0000 HANOVER INS GROUP INC	P	2008-11-03	2011-11-16
	131.0000 MCDONALDS CORP	P	2008-10-13	2011-11-16
	74.0000 CROWN CASTLE INTL CORP	P	2008-09-23	2011-11-16
	154.0000 ACCENTURE PLC CL A	P	2008-07-21	2011-11-16
	110.0000 N I I HOLDINGS INC	P	2008-07-10	2011-11-16
	604.0000 HUDSON HIGHLAND GROUP INC	P	2008-07-10	2011-11-16
	141.0000 ABB LTD A D R	P	2008-07-10	2011-11-16
	125.0000 THERMO FISHER SCIENTIFIC INC	P	2008-07-01	2011-11-16
	101.0000 GAMESTOP CORP CL A	P	2008-07-01	2011-11-16
	313.0000 T ROWE PRICE GROUP INC	P	2008-06-24	2011-11-16
	16.0000 INTERNATIONAL BUSINESS MACHINES CORP	P	2008-06-11	2011-11-16
	101.0000 SHAW GROUP INC	P	2006-10-10	2011-11-16
	25.0000 PRAXAIR INC	P	2004-08-27	2011-11-16
	449.0000 FED EX CORP	P	2011-11-10	2011-11-10
	1,720.0000 COMPANHIA DE BEBIDAS P R A D R	P	2011-11-10	2011-11-10
	257.0000 RALPH LAUREN CORP	P	2010-11-08	2011-11-10
	1,029.0000 FOREST LABS INC	P	2010-11-08	2011-11-10
	909.0000 CARNIVAL CORP	P	2010-10-28	2011-11-10
	134.0000 DIGITAL RIVER INC	P	2010-10-20	2011-11-10
	250.0000 ACE LTD	P	2010-09-30	2011-11-10
	406.0000 TEMPUR PEDIC INTL INC	P	2010-09-30	2011-11-10
	17,508.7670 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-09-30	2011-11-10
	1,265.0000 ORACLE CORPORATION	P	2010-09-30	2011-11-10
	349.0000 MATERIAL SCIENCES CORP	P	2010-09-30	2011-11-10
	985.0000 CARDINAL HEALTH INC	P	2010-09-30	2011-11-10
	131.0000 AMGEN INC	P	2010-09-30	2011-11-10
	9,075.3750 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-09-02	2011-11-10
	1,427.0000 IAC INTERACTIVECORP	P	2010-09-02	2011-11-10
	79.0000 GOOGLE INC CL A	P	2010-09-02	2011-11-10
	1,585.0000 GENERAL ELECTRIC CO	P	2010-09-02	2011-11-10
	383.0000 FLOWSERVE CORP	P	2010-09-02	2011-11-10
	756.0000 DOVER CORP	P	2010-09-02	2011-11-10
	2,206.0000 CORNING INC	P	2010-09-02	2011-11-10
	1,287.0000 CVS CAREMARK CORP	P	2010-09-02	2011-11-10
	1,159.0000 BROADCOM CORP CL A	P	2010-09-02	2011-11-10
	3,267.0000 FORD MOTOR CO	P	2010-07-12	2011-11-10
	888.0000 BORG WARNER INC	P	2010-07-12	2011-11-10
	61.0000 APPLE INC	P	2010-07-12	2011-11-10
	698.0000 PEPSICO INC	P	2010-06-21	2011-11-10
	599.0000 VARIAN MED SYS INC	P	2010-05-24	2011-11-10
	7,695.0000 IPATH DOW JONES UBS COMMODITY	P	2010-05-24	2011-11-10
	639.0000 INTL FLAVORS FRAGRANCES	P	2010-05-06	2011-11-10
	980.0000 CONSTELLATION ENERGY GROUP INC	P	2010-05-06	2011-11-10
	494.0000 ALLERGAN INC	P	2010-05-06	2011-11-10
	478.0000 MCKESSON CORPORATION	P	2010-04-23	2011-11-10
	1,149.0000 INVESCO LTD	P	2010-04-08	2011-11-10
	3,500.0000 DARLING INTL INC	P	2010-04-08	2011-11-10
	566.0000 CONSOL ENERGY INC	P	2010-04-08	2011-11-10
	697.0000 AMERIPRISE FINL INC	P	2010-04-08	2011-11-10
	1,260.0000 TEXAS INSTRUMENTS INC	P	2010-03-18	2011-11-10
	187.0000 PARTNERRE LTD	P	2010-02-17	2011-11-10
	1,220.0000 UNUM GROUP	P	2010-02-17	2011-11-10
	1,145.0000 R T I INTL METALS INC	P	2010-02-17	2011-11-10
	687.0000 DOVER CORP	P	2010-02-17	2011-11-10
	1,400.0000 B T U INTERNATIONAL INC	P	2009-12-21	2011-11-10
	885.0000 TYCO INTERNATIONAL LTD	P	2009-11-17	2011-11-10
	385.0000 3M CO	P	2009-11-17	2011-11-10
	2,482.0000 JANUS CAPITAL GROUP INC	P	2009-11-17	2011-11-10
	2,072.0000 HOLOGIC INC	P	2009-11-17	2011-11-10
	637.0000 MERCURY COMPUTER SYS INC	P	2009-11-02	2011-11-10
	374.0000 KENEXA CORP	P	2009-11-02	2011-11-10
	1,034.0000 CELANESE CORP SER A	P	2009-11-02	2011-11-10
	1,341.0000 RED HAT INC	P	2009-09-23	2011-11-10
	1,518.0000 PHARMACEUTICAL PROD DEV INC	P	2009-08-07	2011-11-10
	1,171.0000 BERKSHIRE HILLS BANCORP INC	P	2009-04-06	2011-11-10
	132.0000 PRICELINE COM INC	P	2009-02-20	2011-11-10
	179.0000 PVH CORP	P	2009-02-20	2011-11-10
	994.0000 DANAHER CORP	P	2008-11-04	2011-11-10
	513.0000 HANOVER INS GROUP INC	P	2008-11-03	2011-11-10
	759.0000 MCDONALDS CORP	P	2008-10-13	2011-11-10
	248.0000 VARIAN MED SYS INC	P	2008-10-01	2011-11-10
	169.0000 ROSS STORES INC	P	2008-10-01	2011-11-10
	1,165.0000 OWENS ILL INC	P	2008-10-01	2011-11-10
	511.0000 NIKE INC	P	2008-10-01	2011-11-10
	2,109.0000 THE GAP INC	P	2008-10-01	2011-11-10
	6,113.0000 DURECT CORP	P	2008-10-01	2011-11-10
	1,537.0000 BRISTOL MYERS SQUIBB CO	P	2008-10-01	2011-11-10
	4,003.0000 WAUSAU PAPER CORP	P	2008-09-23	2011-11-10
	717.0000 KANSAS CITY SOUTHERN	P	2008-09-23	2011-11-10
	899.0000 CROWN CASTLE INTL CORP	P	2008-09-23	2011-11-10
	955.0000 AMERICAN TOWER CORP	P	2008-09-23	2011-11-10
	738.0000 TEREX CORP NEW	P	2008-08-18	2011-11-10
	4,239.0000 ACCO BRANDS CORP	P	2008-08-18	2011-11-10
	1,383.0000 DIRECTV CL A	P	2008-08-01	2011-11-10
	1,207.0000 SHOE CARNIVAL INC	P	2008-07-28	2011-11-10
	254.0000 ACCENTURE PLC CL A	P	2008-07-21	2011-11-10
	10,585.0000 STRATEGIC DIAGNOSTICS INC	P	2008-07-21	2011-11-10
	2,408.0000 DYCOM INDS INC	P	2008-07-21	2011-11-10
	65.0000 UNITED TECHNOLOGIES CORP	P	2008-07-10	2011-11-10
	677.0000 T ROWE PRICE GROUP INC	P	2008-07-10	2011-11-10
	410.0000 PRAXAIR INC	P	2008-07-10	2011-11-10
	700.0000 N I I HOLDINGS INC	P	2008-07-10	2011-11-10
	2,365.0000 MENTOR GRAPHICS CORP	P	2008-07-10	2011-11-10
	592.0000 JACOBS ENGR GROUP INC	P	2008-07-10	2011-11-10
	3,016.0000 HUDSON HIGHLAND GROUP INC	P	2008-07-10	2011-11-10
	807.0000 AGCO CORP	P	2008-07-10	2011-11-10
	1,227.0000 ABB LTD A D R	P	2008-07-10	2011-11-10
	172.0000 MADDEN STEVEN LTD	P	2008-07-07	2011-11-10
	115.0000 APPLE INC	P	2008-07-07	2011-11-10
	548.0000 THERMO FISHER SCIENTIFIC INC	P	2008-07-01	2011-11-10
	828.0000 GAMESTOP CORP CL A	P	2008-07-01	2011-11-10
	754.0000 CERNER CORPORATION	P	2008-07-01	2011-11-10
	1,029.0000 SCHEIN HENRY INC	P	2008-06-24	2011-11-10
	345.0000 INTERNATIONAL BUSINESS MACHINES CORP	P	2008-06-11	2011-11-10
	2,511.0000 ABB LTD A D R	P	2008-06-11	2011-11-10
	3,256.0000 INTEL CORP	P	2008-06-04	2011-11-10
	585.0000 BEACON ROOFING SUPPLY INC	P	2007-12-06	2011-11-10
	603.0000 METALICO INC	P	2007-08-17	2011-11-10
	457.0000 VICOR CORP	P	2006-10-10	2011-11-10
	539.0000 U S PHYSICAL THERAPY INC	P	2006-10-10	2011-11-10
	1,593.0000 SUNOPTA INC	P	2006-10-10	2011-11-10
	91.0000 MEASUREMENT SPECIALTIES INC	P	2006-10-10	2011-11-10
	653.0000 MADDEN STEVEN LTD	P	2006-10-10	2011-11-10
	158.0000 ANALOGIC CORP	P	2006-10-10	2011-11-10
	150.0000 PRAXAIR INC	P	2004-08-27	2011-11-10
	183.0000 CEPHALON INC	P	2010-09-30	2011-10-14
	1,004.0000 ASML HOLDING NV NY REG SHS	P	2012-05-08	2012-05-14
	21.0000 WHITING PETROLEUM CORP	P	2012-05-08	2012-05-14
	26.0000 UNIT CORP	P	2012-05-08	2012-05-14
	23.0000 SASOL LTD SPONSORED A D R	P	2012-05-08	2012-05-14
	32.0000 PHILLIPS 66	P	2012-05-08	2012-05-14
	105.0000 OLD REP INTL CORP	P	2012-05-08	2012-05-14
	48.0000 OIL DRI CORP AMER	P	2012-05-08	2012-05-14
	12.0000 OCCIDENTAL PETROLEUM CORPORATION	P	2012-05-08	2012-05-14
	31.0000 NEWFIELD EXPL CO	P	2012-05-08	2012-05-14
	163.0000 KEYCORP NEW	P	2012-05-08	2012-05-14
	25.0000 GULFMARK OFFSHORE INC CL A	P	2012-05-08	2012-05-14
	72.0000 FIFTH THIRD BANCORP	P	2012-05-08	2012-05-14
	15.0000 ERIE INDEMNITY CO	P	2012-05-08	2012-05-14
	34.0000 ENBRIDGE ENERGY PARTNERS L P	P	2012-05-08	2012-05-14
	19.0000 CONOCOPHILLIPS	P	2012-05-08	2012-05-14
	57.0000 COMMUNITY BK SYS INC	P	2012-05-08	2012-05-14
	1,416.0000 CITY TELECOM H K LTD ADR	P	2012-05-08	2012-05-14
	68.0000 CHESAPEAKE ENERGY CORP	P	2012-05-08	2012-05-14
	107.0000 ASTORIA FINL CORP	P	2012-05-08	2012-05-14
	15.0000 ANADARKO PETROLEUM CORP	P	2012-05-08	2012-05-14
	379.0000 WAL MART DE MEXICO SAB DE CV A D R	P	2011-11-10	2012-05-14
	835.0000 TEVA PHARMACEUTICAL INDS LTD A D R	P	2011-11-10	2012-05-14
	79.0000 STARRETT L S CO	P	2011-11-10	2012-05-14
	180.0000 SHIRE PLC A D R	P	2011-11-10	2012-05-14
	104.0000 MONARCH CASINO & RESORT INC	P	2011-11-10	2012-05-14
	923.0000 LEGGETT PLATT INC	P	2011-11-10	2012-05-14
	179.0000 KOSS CORP	P	2011-11-10	2012-05-14
	79.0000 KEY TECHNOLOGY INC	P	2011-11-10	2012-05-14
	10.0000 BIO RAD LABS INC CL A	P	2011-11-10	2012-05-14
	8.0000 INTUITIVE SURGICAL INC	P	2011-12-09	2012-05-08
	6.0000 COMVERSE TECHNOLOGY INC	P	2011-12-09	2012-05-08
	350.0000 STMICROELECTRONICS N V	P	2011-11-16	2012-05-08
	99.0000 BUNGE LIMITED	P	2011-11-10	2012-05-08
	106.0000 ZEP INC	P	2011-11-10	2012-05-08
	988.0000 WESTAR ENERGY INC	P	2011-11-10	2012-05-08
	846.0000 WASTE MGMT INC	P	2011-11-10	2012-05-08
	357.0000 WAL MART DE MEXICO SAB DE CV A D R	P	2011-11-10	2012-05-08
	185.0000 WPP PLCSPONSORED A D R	P	2011-11-10	2012-05-08
	890.0000 THOMSON REUTERS CORP	P	2011-11-10	2012-05-08
	322.0000 TAIWAN SEMICONDUCTOR A D R	P	2011-11-10	2012-05-08
	410.0000 SYNGENTA A G A D R	P	2011-11-10	2012-05-08
	133.0000 SYNALLOY CORP	P	2011-11-10	2012-05-08
	1,515.0000 SUMITOMO MITSUI FINL GROUP A D R	P	2011-11-10	2012-05-08
	18.0000 STEPAN CO	P	2011-11-10	2012-05-08
	200.0000 STARRETT L S CO	P	2011-11-10	2012-05-08
	536.0000 SOUTHERN COPPER CORP DEL	P	2011-11-10	2012-05-08
	360.0000 SMITH & NEPHEW P L C A D R	P	2011-11-10	2012-05-08
	360.0000 SINOPEC SHANGHAI SPONS A D R	P	2011-11-10	2012-05-08
	1,408.0000 SINGAPORE TELECOMMUNICATNS A D R	P	2011-11-10	2012-05-08
	108.0000 SIGMA ALDRICH CORP	P	2011-11-10	2012-05-08
	265.0000 SANOFI A D R	P	2011-11-10	2012-05-08
	26,792.4490 ROWE T PRICE MID-CAP VALUE FD INC	P	2011-11-10	2012-05-08
	837.0000 RAYTHEON COMPANY	P	2011-11-10	2012-05-08
	642.0000 PHILIPPINE LONG DIST A D R	P	2011-11-10	2012-05-08
	1,382.0000 PEARSON P L C A D R	P	2011-11-10	2012-05-08
	267.0000 PACCAR INC	P	2011-11-10	2012-05-08
	1,159.0000 P P L CORPORATION	P	2011-11-10	2012-05-08
	295.0000 NORDSON CORP	P	2011-11-10	2012-05-08
	344.0000 NOBLE GROUP LTD A D R	P	2011-11-10	2012-05-08
	809.0000 NEXTERA ENERGY INC	P	2011-11-10	2012-05-08
	435.0000 NYSE EURONEXT	P	2011-11-10	2012-05-08
	257.0000 MTN GROUP LTD A D R	P	2011-11-10	2012-05-08
	128.0000 MOLEX INC CL A	P	2011-11-10	2012-05-08
	354.0000 MERIDIAN BIOSCIENCE INC	P	2011-11-10	2012-05-08
	18.0000 MASTERCARD INC	P	2011-11-10	2012-05-08
	2,504.0000 LONZA GROUP AG UNSPON A D R	P	2011-11-10	2012-05-08
	694.0000 JOHNSON OUTDOORS INC CL A	P	2011-11-10	2012-05-08
	224.0000 ITC HLDGS CORP	P	2011-11-10	2012-05-08
	330.0000 ITAU UNIBANCO HOLDINGS SA A D R	P	2011-11-10	2012-05-08
	48.0000 INTUITIVE SURGICAL INC	P	2011-11-10	2012-05-08
	213.0000 HUNTSMAN CORP	P	2011-11-10	2012-05-08
	391.0000 HOYA CORP A D R	P	2011-11-10	2012-05-08
	1,879.0000 HITACHI LTD ADR 10 COM	P	2011-11-10	2012-05-08
	407.0000 GILEAD SCIENCES INC	P	2011-11-10	2012-05-08
	439.0000 GENTEX CORP	P	2011-11-10	2012-05-08
	129.0000 GENERAL DYNAMICS CORP	P	2011-11-10	2012-05-08
	869.0000 GEMALTO NV SPONSORED ADR	P	2011-11-10	2012-05-08
	191.0000 GARDNER DENVER INC	P	2011-11-10	2012-05-08
	191.0000 GEA GROUP AG SPON A D R	P	2011-11-10	2012-05-08
	192.0000 FRESENIUS MED AKTIENGESELLSCHAFT ADR	P	2011-11-10	2012-05-08
	583.0000 FREEPORT MCMORAN COPPER GOLD	P	2011-11-10	2012-05-08
	333.0000 FOOT LOCKER INC	P	2011-11-10	2012-05-08
	310.0000 FMC TECHNOLOGIES INC	P	2011-11-10	2012-05-08
	1,450.0000 DELHAIZE GROUP SPONS A D R	P	2011-11-10	2012-05-08
	799.0000 ERSTE GROUP BANK AG A D R	P	2011-11-10	2012-05-08
	450.0000 ENERGEN CORP	P	2011-11-10	2012-05-08
	174.0000 EAGLE MATERIALS INC	P	2011-11-10	2012-05-08
	321.0000 EQUITABLE CORP	P	2011-11-10	2012-05-08
	13,309.6320 DRIEHAUS ACTIVE INCOME FUND	P	2011-11-10	2012-05-08
	230.0000 COHEN & STEERS INC	P	2011-11-10	2012-05-08
	169.0000 COACH INC	P	2011-11-10	2012-05-08
	237.0000 CHINA MOBILE LIMITED A D R	P	2011-11-10	2012-05-08
	1,053.0000 CHINA RES ENTERPRISE LTD A D R	P	2011-11-10	2012-05-08
	882.0000 CHINA SOUTHN AIRLS LTD ADR CL H	P	2011-11-10	2012-05-08
	1,286.0000 CENTERPOINT ENERGY INC	P	2011-11-10	2012-05-08
	280.0000 CANON INC SPONS A D R	P	2011-11-10	2012-05-08
	90.0000 CAL MAINE FOODS INC	P	2011-11-10	2012-05-08
	343.0000 BIO-REFERENCE LABS INC	P	2011-11-10	2012-05-08
	341.0000 B H P BILLITON LIMITED A D R	P	2011-11-10	2012-05-08
	28.0000 BADGER METER INC	P	2011-11-10	2012-05-08
	302.0000 B G GROUP P L C A D R	P	2011-11-10	2012-05-08
	164.0000 APOGEE ENTERPRISES INC	P	2011-11-10	2012-05-08
	1,380.0000 ALLIANZ SE A D R	P	2011-11-10	2012-05-08
	133.0000 ADTRAN INC	P	2011-11-10	2012-05-08
	375.0000 ADIDAS AG A D R	P	2011-11-10	2012-05-08
	251.0000 AFLAC INC	P	2011-11-10	2012-05-08
	0.5520 SOUTHERN COPPER CORP DEL	P	2011-11-10	2012-02-29
	17,101.7270 PIMCO TOTAL RETURN FUND INST	P	2011-04-05	2011-11-16
	213.0000 LINCOLN NATL CORP IND	P	2011-03-23	2011-11-16
	97.0000 STANCORP FINL GROUP INC	P	2011-02-16	2011-11-16
	1,679.5970 LAUDUS INTL MARKETMASTERS FUND SEL	P	2011-02-16	2011-11-16
	133.0000 ONEOK INC	P	2011-02-16	2011-11-16
	83.0000 AIRGAS INC	P	2011-02-16	2011-11-16
	3,299.7570 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-11-26	2011-11-16
	573.0000 FLUOR CORP	P	2011-04-05	2011-11-10
	861.0000 INGERSOLL RAND PLC	P	2011-03-23	2011-11-10
	1,530.0000 STEEL DYNAMICS INC	P	2011-03-23	2011-11-10
	9,406.9380 LAUDUS INTL MARKETMASTERS FUND SEL	P	2011-03-23	2011-11-10
	6,574.8030 PIMCO TOTAL RETURN FUND INST	P	2011-03-23	2011-11-10
	1,033.0000 LINCOLN NATL CORP IND	P	2011-03-23	2011-11-10
	905.0000 CARPENTER TECHNOLOGY CORP	P	2011-03-23	2011-11-10
	804.0000 STANCORP FINL GROUP INC	P	2011-02-16	2011-11-10
	1,988.0000 SPDR DJ WILSHIRE INTERNATIONAL	P	2011-02-16	2011-11-10
	2,693.2600 OPPENHEIMER DEVELOPING MKTS FDS CL Y	P	2011-02-16	2011-11-10
	64.0000 ONEOK INC	P	2011-02-16	2011-11-10
	2,097.0000 MANITOWOC COMPANY INC	P	2011-02-16	2011-11-10
	1,120.0000 HARTFORD FINANCIAL SERVICES GRP INC	P	2011-02-16	2011-11-10
	133.0000 IPATH DOW JONES UBS COMMODITY	P	2011-02-16	2011-11-10
	533.0000 AIRGAS INC	P	2011-02-16	2011-11-10
	17,433.8010 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-12-14	2011-11-10
	15.0000 GOOGLE INC CL A	P	2010-12-09	2011-11-10
	1,243.0000 E M C CORPORATION	P	2010-12-09	2011-11-10
	318.0000 COGNIZANT TECH SOLUTIONS CL A	P	2010-12-09	2011-11-10
	702.0000 CELGENE CORP	P	2010-12-09	2011-11-10
	126.0000 CARNIVAL CORP	P	2010-11-19	2011-11-10
	6,826.0000 BROCADE COMMUNICATIONS SYS	P	2010-11-19	2011-11-10
	4.0000 CARNIVAL CORP	P	2010-11-17	2011-11-10
	445.0000 UNION PACIFIC CORP	P	2010-11-15	2011-11-10
	73,759.9000 LAUDUS INTL MARKETMASTERS FUND SEL	P	2010-11-15	2011-11-10

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	415		415
b	527		527
c	3,800,724	3,800,724
d	53,757	40,649	13,108
e	1,005	1,005
	24	24
	500,000	500,000
	3,291		3,291
	20,630		20,630
	81		81
	3,215		3,215
	1,058	709	349
	72,475	80,735	-8,260
	8,426	13,267	-4,841
	1,910	2,431	-521
	3,875	3,165	710
	7,329	8,120	-791
	5,702	8,823	-3,121
	210,548	255,371	-44,823
	3,189	2,244	945
	6,712	6,781	-69
	4,402	5,920	-1,518
	2,576	1,569	1,007
	20,483	11,786	8,697
	2,706	2,817	-111
	6,258	3,535	2,723
	34	17	17
	24,473	15,074	9,399
	3,667	3,514	153
	7,307	6,853	454
	3,988	2,186	1,802
	18,515	6,724	11,791
	22	21	1
	49,367	47,186	2,181
	2,564	2,831	-267
	5,393	5,989	-596
	6,066	5,620	446
	3,039	2,649	390
	2,613	2,074	539
	2,600	2,240	360
	5,573	3,518	2,055
	2,516	1,517	999
	6,385	6,922	-537
	12,265	7,403	4,862
	3,097	2,315	782
	8,944	6,135	2,809
	2,597	4,850	-2,253
	2,763	6,254	-3,491
	2,593	3,775	-1,182
	6,131	6,954	-823
	2,269	4,034	-1,765
	17,032	18,491	-1,459
	3,023	1,977	1,046
	2,467	2,730	-263
	2,491	1,031	1,460
	36,058	39,405	-3,347
	57,100	47,298	9,802
	38,896	25,667	13,229
	30,890	34,107	-3,217
	29,990	38,560	-8,570
	2,282	4,694	-2,412
	17,630	14,680	2,950
	26,736	12,573	14,163
	297,124	310,606	-13,482
	40,340	34,294	6,046
	2,897	1,584	1,313
	42,741	32,679	10,062
	7,566	7,183	383
	154,009	151,014	2,995
	58,709	36,445	22,264
	47,300	36,435	10,865
	25,486	23,870	1,616
	36,993	36,912	81
	40,902	36,439	4,463
	32,163	36,399	-4,236
	49,439	36,371	13,068
	39,624	37,656	1,968
	35,740	36,035	-295
	59,894	35,538	24,356
	23,490	15,792	7,698
	44,036	44,930	-894
	34,259	29,689	4,570
	341,047	287,526	53,521
	34,218	30,510	3,708
	39,502	34,720	4,782
	40,960	31,077	9,883
	39,148	32,351	6,797
	22,715	25,392	-2,677
	46,665	32,008	14,657
	23,854	25,191	-1,337
	31,936	31,886	50
	38,757	31,160	7,597
	12,433	14,584	-2,151
	26,645	25,117	1,528
	30,142	27,086	3,056
	37,169	30,354	6,815
	4,229	8,822	-4,593
	39,571	32,771	6,800
	31,094	30,274	820
	15,451	35,019	-19,568
	35,617	31,576	4,041
	8,584	6,632	1,952
	9,203	4,600	4,603
	44,694	27,979	16,715
	65,780	33,898	31,882
	50,123	30,307	19,816
	22,158	27,581	-5,423
	70,188	10,898	59,290
	12,347	3,089	9,258
	48,437	30,834	17,603
	18,804	20,645	-1,841
	70,876	42,892	27,984
	14,184	14,334	-150
	14,852	6,147	8,705
	23,110	34,164	-11,054
	48,100	33,752	14,348
	41,568	37,420	4,148
	8,741	33,560	-24,819
	48,076	32,119	15,957
	30,952	41,231	-10,279
	46,589	35,493	11,096
	36,881	28,127	8,754
	54,258	33,910	20,348
	11,675	36,900	-25,225
	30,167	38,221	-8,054
	62,333	37,131	25,202
	31,097	17,369	13,728
	14,513	10,119	4,394
	17,392	33,020	-15,628
	44,466	38,376	6,090
	5,070	4,038	1,032
	35,430	35,935	-505
	41,006	37,741	3,265
	16,646	30,866	-14,220
	26,063	37,438	-11,375
	22,431	44,471	-22,040
	12,409	31,229	-18,820
	36,894	39,223	-2,329
	22,213	32,847	-10,634
	5,830	1,465	4,365
	44,285	19,954	24,331
	26,210	30,488	-4,278
	20,361	33,070	-12,709
	48,466	17,112	31,354
	66,969	52,788	14,181
	63,544	42,628	20,916
	45,458	74,658	-29,200
	78,566	76,373	2,193
	10,779	5,539	5,240
	2,158	3,859	-1,701
	3,980	5,165	-1,185
	9,961	6,484	3,477
	7,505	17,377	-9,872
	2,558	1,672	886
	22,134	12,322	9,812
	8,276	8,344	-68
	15,002	6,188	8,814
	14,915	11,368	3,547
	47,540	48,644	-1,104
	1,013	1,021	-8
	1,040	997	43
	1,001	1,019	-18
	1,004	941	63
	971	1,005	-34
	987	998	-11
	985	1,029	-44
	986	1,015	-29
	1,255	1,291	-36
	985	1,018	-33
	999	1,020	-21
	1,057	1,041	16
	1,003	1,000	3
	1,005	1,018	-13
	1,544	1,604	-60
	15,161	15,821	-660
	1,039	1,133	-94
	974	996	-22
	1,011	1,023	-12
	9,839	9,699	140
	34,151	33,859	292
	956	972	-16
	17,469	17,150	319
	960	1,011	-51
	18,965	20,408	-1,443
	962	954	8
	987	1,076	-89
	1,016	992	24
	4,429	3,507	922
	39	40	-1
	1,820	2,513	-693
	6,350	6,098	252
	1,464	1,566	-102
	27,910	26,825	1,085
	28,569	26,378	2,191
	9,189	9,136	53
	12,169	9,669	2,500
	26,085	26,086	-1
	4,852	4,112	740
	27,949	24,520	3,429
	1,484	1,434	50
	9,166	7,933	1,233
	1,624	1,477	147
	2,512	2,460	52
	16,669	16,975	-306
	17,992	15,803	2,189
	11,836	13,561	-1,725
	35,211	35,339	-128
	7,482	6,733	749
	9,511	8,907	604
	618,102	601,223	16,879
	44,444	37,521	6,923
	38,556	35,825	2,731
	25,967	24,945	1,022
	10,827	11,280	-453
	31,652	34,700	-3,048
	14,823	13,151	1,672
	6,453	6,428	25
	51,791	44,924	6,867
	10,988	11,867	-879
	4,392	4,438	-46
	2,707	2,583	124
	6,914	6,489	425
	7,705	6,496	1,209
	10,792	14,523	-3,731
	10,723	11,410	-687
	16,269	16,503	-234
	4,900	5,947	-1,047
	26,574	20,859	5,715
	3,116	2,484	632
	8,746	8,333	413
	110,952	101,627	9,325
	19,910	16,398	3,512
	9,987	12,503	-2,516
	8,605	8,215	390
	30,605	19,726	10,879
	11,544	14,969	-3,425
	5,644	5,333	311
	13,137	13,252	-115
	20,405	23,063	-2,658
	9,687	7,356	2,331
	13,559	14,418	-859
	59,906	89,840	-29,934
	8,765	7,638	1,127
	21,177	22,612	-1,435
	6,184	3,551	2,633
	15,536	20,323	-4,787
	140,683	135,758	4,925
	8,004	6,177	1,827
	11,886	10,620	1,266
	13,175	11,551	1,624
	7,560	7,529	31
	20,052	23,329	-3,277
	25,437	25,167	270
	12,272	12,216	56
	3,305	3,061	244
	7,419	5,642	1,777
	23,638	26,114	-2,476
	1,018	863	155
	6,399	6,713	-314
	2,616	1,762	854
	14,029	13,808	221
	3,937	4,325	-388
	14,508	12,874	1,634
	10,795	11,009	-214
	18	17	1
	185,554	186,238	-684
	4,232	6,239	-2,007
	3,272	4,539	-1,267
	28,268	33,306	-5,038
	10,455	8,238	2,217
	6,094	5,321	773
	55,535	60,254	-4,719
	30,913	42,187	-11,274
	26,036	40,422	-14,386
	20,137	27,920	-7,783
	159,636	181,648	-22,012
	205,210	205,144	66
	20,350	30,259	-9,909
	47,974	37,692	10,282
	26,577	37,622	-11,045
	67,392	77,490	-10,098
	83,787	91,759	-7,972
	4,933	3,964	969
	24,716	42,966	-18,250
	19,241	33,497	-14,256
	5,895	6,515	-620
	37,744	34,170	3,574
	295,852	334,903	-39,051
	8,981	8,848	133
	29,929	27,532	2,397
	21,460	22,189	-729
	45,208	40,104	5,104
	4,157	5,276	-1,119
	30,853	39,796	-8,943
	132	166	-34
	44,673	40,864	3,809
	1,251,706	1,370,462	-118,756

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			415
b			527
c
d			13,108
e


			3,291
			20,630
			81
			3,215
			349
			-8,260
			-4,841
			-521
			710
			-791
			-3,121
			-44,823
			945
			-69
			-1,518
			1,007
			8,697
			-111
			2,723
			17
			9,399
			153
			454
			1,802
			11,791
			1
			2,181
			-267
			-596
			446
			390
			539
			360
			2,055
			999
			-537
			4,862
			782
			2,809
			-2,253
			-3,491
			-1,182
			-823
			-1,765
			-1,459
			1,046
			-263
			1,460
			-3,347
			9,802
			13,229
			-3,217
			-8,570
			-2,412
			2,950
			14,163
			-13,482
			6,046
			1,313
			10,062
			383
			2,995
			22,264
			10,865
			1,616
			81
			4,463
			-4,236
			13,068
			1,968
			-295
			24,356
			7,698
			-894
			4,570
			53,521
			3,708
			4,782
			9,883
			6,797
			-2,677
			14,657
			-1,337
			50
			7,597
			-2,151
			1,528
			3,056
			6,815
			-4,593
			6,800
			820
			-19,568
			4,041
			1,952
			4,603
			16,715
			31,882
			19,816
			-5,423
			59,290
			9,258
			17,603
			-1,841
			27,984
			-150
			8,705
			-11,054
			14,348
			4,148
			-24,819
			15,957
			-10,279
			11,096
			8,754
			20,348
			-25,225
			-8,054
			25,202
			13,728
			4,394
			-15,628
			6,090
			1,032
			-505
			3,265
			-14,220
			-11,375
			-22,040
			-18,820
			-2,329
			-10,634
			4,365
			24,331
			-4,278
			-12,709
			31,354
			14,181
			20,916
			-29,200
			2,193
			5,240
			-1,701
			-1,185
			3,477
			-9,872
			886
			9,812
			-68
			8,814
			3,547
			-1,104
			-8
			43
			-18
			63
			-34
			-11
			-44
			-29
			-36
			-33
			-21
			16
			3
			-13
			-60
			-660
			-94
			-22
			-12
			140
			292
			-16
			319
			-51
			-1,443
			8
			-89
			24
			922
			-1
			-693
			252
			-102
			1,085
			2,191
			53
			2,500
			-1
			740
			3,429
			50
			1,233
			147
			52
			-306
			2,189
			-1,725
			-128
			749
			604
			16,879
			6,923
			2,731
			1,022
			-453
			-3,048
			1,672
			25
			6,867
			-879
			-46
			124
			425
			1,209
			-3,731
			-687
			-234
			-1,047
			5,715
			632
			413
			9,325
			3,512
			-2,516
			390
			10,879
			-3,425
			311
			-115
			-2,658
			2,331
			-859
			-29,934
			1,127
			-1,435
			2,633
			-4,787
			4,925
			1,827
			1,266
			1,624
			31
			-3,277
			270
			56
			244
			1,777
			-2,476
			155
			-314
			854
			221
			-388
			1,634
			-214
			1
			-684
			-2,007
			-1,267
			-5,038
			2,217
			773
			-4,719
			-11,274
			-14,386
			-7,783
			-22,012
			66
			-9,909
			10,282
			-11,045
			-10,098
			-7,972
			969
			-18,250
			-14,256
			-620
			3,574
			-39,051
			133
			2,397
			-729
			5,104
			-1,119
			-8,943
			-34
			3,809
			-118,756

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	200,827
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	-219,912

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	783,671	13,300,306	0.05892
2009	791,747	12,601,842	0.06283
2008	760,740	11,806,801	0.06443
2007	865,790	14,523,913	0.05961
2006	810,768	15,190,692	0.05337

2	Total of line 1, column (d) ......................	2	0.29917
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	0.05983
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	11,469,392
5	Multiply line 4 by line 3.......................	5	686,248
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	8,200
7	Add lines 5 and 6.........................	7	694,448
8	Enter qualifying distributions from Part XII, line 4..............	8	858,634
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	8,200
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	8,200
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	8,200
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	13,720
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	13,720
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,520
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax5,520	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

US Bank Private Client Group Telephone no. bullet

(417) 888-2202

Located at bullet

1615 S GlenstoneSpringfieldMO ZIP+4 bullet

65804

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

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

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2011?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Rob Baird	Director 0.00	0
2928 S Natural Bridge Dr Springfield,MO65809	Director 0.00	0
Thomas L Slaight	Director 0.00	0
4361 E Berkeley St Springfield,MO65809	Director 0.00	0
Junior Cline	Director 0.00	0
4260 N State Highway H Springfield,MO65803	Director 0.00	0
Peggy Riggs	Director 0.00	0
940 N Jefferson Ave Springfield,MO658023718	Director 0.00	0
Charles Fuller	Chairman 1.00	0
2914 W Trevor Trail Ozark,MO65721	Chairman 1.00	0
US Bank as trustee	Trustee 5.00	188,833
1615 S Glenstone Springfield,MO65804	Trustee 5.00	188,833
Jerry L Redfern	Foundation Mgr. 10.00	71,958
4130 White Oak Drive Springfield,MO65809	Foundation Mgr. 10.00	71,958

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	Provision of grants to eligible 501 (c) (3) organizations.	705,410
2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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

purposes:

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

11,351,709

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

292,344

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

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

11,644,053

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

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

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

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

11,644,053

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

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

174,661

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

11,469,392

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

573,470

Part XI

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

and do not complete this part.)

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

573,470

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

8,200

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

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

8,200

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

565,270

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

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

565,270

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

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

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

565,270

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

858,634

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

858,634

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

8,200

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

850,434

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			565,270
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.......	70,415
d From 2009.......	171,453
e From 2010.......	146,042
fTotal of lines 3a through e.........		387,910
4Qualifying distributions for 2011 from Part
XII, line 4: $ 858,634
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)...		0
d Applied to 2011 distributable amount.....			565,270
e Remaining amount distributed out of corpus		293,364
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		681,274
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 ......		681,274
10 Analysis of line 9:
a Excess from 2007....
b Excess from 2008....	70,415
c Excess from 2009....	171,453
d Excess from 2010....	146,042
e Excess from 2011....	293,364

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number of the person to whom applications should be addressed:

Musgrave Foundation
One Corporate Centre Suite 1-130
Springfield,MO65804
(417) 841-4698

bThe form in which applications should be submitted and information and materials they should include:

Applicants need to request submission form by contacting the Foundation offices.

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Foundation activities are limited to the Southwest Missouri area, primarily Greene and surrounding counties.

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Cents of Pride Fund 1461 N Douglas Ave Springfield,MO65802	None	501(c)(3)	Cents of Pride Fund	96,000
The Society of St Vincent dePaul 2200 W Republic Rd Springfield,MO65807	None	501(c)(3)	General obligations	2,000
Railroad Historical Museum 1300 North Grant St Springfield,MO65802	None	501(c)(3)	General obligations	1,000
Mt Carmel United Methodist Church 1001 N National Ave Springfield,MO65802	None	501(c)(3)	General obligations	2,000
Heart of the Ozarks 2157 N Prospect Ave Springfield,MO65803	None	501(c)(3)	General obligations	3,000
Doula Foundation of Mid America 2130 N Glenstone Springfield,MO65803	None	501(c)(3)	General obligations	1,000
Deaf Awareness Group of Southwest M PO Box 14362 Springfield,MO65814	None	501(c)(3)	General obligations	2,000
Springfield Public Schools Foundati 3002 W Kildee Lane Springfield,MO65810	None	501(c)(3)	General obligations	2,000
Children's Foundation of Mid-Americ 2740 E Pythian Springfield,MO65802	None	501(c)(3)	General obligations	2,500
Pregnancy Care Center 1342 E Primrose Suite C Springfield,MO65804	None	501(c)(3)	Cents of Pride Fund	1,000
Boys and Girls Town of Missouri 1212 W Lombard St Springfield,MO65802	None	501(c)(3)	General obligations	2,000
North Pointe Church 3401 W Norton Road Springfield,MO65803	None	501(c)(3)	General obligations	7,000
Bolivar Area Ministerial Alliance PO Box 181 Bolivar,MO65613	None	501(c)(3)	General obligations	1,500
Isabel's House 2750 West Bennett Springfield,MO65802	None	501(c)(3)	Cents of Pride Fund	5,000
The Victim Center 819 N Boonville Ave Springfield,MO65802	None	501(c)(3)	General obligations	2,000
Springfield Regional Arts Council 411 N Sherman Pkwy Springfield,MO65802	None	501(c)(3)	General obligations	10,000
Arc of the Ozarks 1501 East Pythian Springfield,MO65802	None	501(c)(3)	General obligations	1,000
Ozarks Public Television 901 S National Springfield,MO65897	None	501(c)(3)	General obligations	1,000
Lease of These 149 E State Hwy CC Nixa,MO65714	None	501(c)(3)	General obligations	1,000
Harmony House 519 E Cherry Springfield,MO65806	None	501(c)(3)	General obligations	3,500
Big Brothers Big Sisters 3372 W Battlefield Rd Springfield,MO65807	None	501(c)(3)	General obligations	1,900
Discovery Center of the Ozarks 438 E St Louis Street Springfield,MO65806	None	501(c)(3)	General Obligations	1,500
Alzheimer's Association 1500 South Glenstone Springfield,MO65804	None	501(c)(3)	General Obligations	2,325
Newborns in Need 112 W Main St / PO Box 385 Houston,MO65483	None	501(c)(3)	General operations	4,500
American Red Cross 1835 E Chestnut Expwy Springfield,MO65802	None	501(c)(3)	General Operations	5,000
SW Missouri Office on Aging 1737 S Fort Springfield,MO65807	None	501(c)(3)	General operations	9,000
Ozarks Technical Comm College PO Box 5958 Springfield,MO65801	None	501(c)(3)	General operations	34,000
Ozarks Counseling Center 309 N Jefferson 110 Springfield,MO65806	None	501(c)(3)	General operations	2,000
Women in Need of the Ozarks PO Box 4626 Springfield,MO65808	None	501(c)(3)	General operations	5,500
Convoy of Hope 330 S Patterson Springfield,MO65802	None	501(c)(3)	General operations	11,000
Ozark Food Harvest 615 N Glenstone Ave Springfield,MO65802	None	501(c)(3)	General operations	112,000
MO Colleges Fund Inc 3702 W Truman Blvd Ste 319 Jefferson City,MO65109	None	501(c)(3)	General operations	13,500
Fellowship Christian Athletes 2101 W Chesterfield Blvd Springfield,MO65807	None	501(c)(3)	General operations	5,000
The Kitchen 420 E Commercial Springfield,MO65803	None	501(c)(3)	General operations	6,000
Lighthouse Child Development Center 2548 N Fremont Springfield,MO65803	None	501(c)(3)	Capital improvements	164,935
Developmental Center of the Ozarks 1545 E Pythian Springfield,MO65802	None	501(c)(3)	General operations	2,000
Cox Health Foundation 1423 N Jefferson Springfield,MO65802	None	501(c)(3)	General operations	32,000
SW Baptist University 1600 University Ave Bolivar,MO65613	None	501(c)(3)	General operations	27,000
Drury University 900 N Benton Springfield,MO65802	None	501(c)(3)	General operations	37,000
The Salvation Army PO Box 9685 Springfield,MO65801	None	501(c)(3)	General operations	12,500
CASA of Southwest MO 330 N Jefferson Ave Springfield,MO65806	None	501(c)(3)	General operations	250
Boy Scouts of America 1616 S Eastgate Springfield,MO65809	None	501(c)(3)	General operations	10,000
Springfield Community Center 411 N Sherman Parkway Springfield,MO65802	None	501(c)(3)	General operations	17,500
Dallas County Health Dept 1001 W Main St Buffalo,MO65622	None	501(c)(3)	General operations	2,500
Council of Churches of Ozarks 1116 W Battlefield Springfield,MO65807	None	501(c)(3)	General operations	26,000
Boys and Girls Club 1300 Boonville Springfield,MO65802	None	501(c)(3)	General operations	14,000
Total ................................. 3a				705,410

bApproved for future payment

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

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14
4 Dividends and interest from securities....			14	177,804
5 Net rental income or (loss) from real estate:
aDebt-financed property......					108,336
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....				533,261
8Gain or (loss) from sales of assets other than inventory					200,827
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)..				711,065	309,163

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

131,020,228

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:	11000144
Software Version:	2011v1.2

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Foreign Stocks	AT COST	2,515,026	2,549,937
Foreign Issues	AT COST	900,000	1,118,700
Equity Funds	AT COST	2,163,872	2,204,186
Fixed Income Funds	AT COST	696,295	720,519
Partnership Capital	AT COST	492,150	562,579
Mineral and Royalty Interests	AT COST	298	2,435,311

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Partnership K-1 deductions	5,425
Oil production expenses	48,888	48,888
Miscellaneous	174
Marketing - audio visual fees	1,259		1,259
Letterhead	167
Insurance	233
Grant committee expenses	2,525		2,525
ADR agent fees	918

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Communications	11,927	0	0	11,927
Administrative support	25,663	0	0	25,663

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Less refund of withheld foreign taxes	34
Foreign taxes w/h at source	4,327
Excise tax paid w/2010 return	8,852
Excise tax estimated payments	13,720

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Rental Income - Noninvestment Property	108,336
Other Investment Income	533,261	641,278