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
JENNY H & OTTO F KRAUSS CHARITABLE
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)900 STONECUTTER CT   Room/suite
City or town, state, and ZIP code
RALEIGH, NC27614
A Employer identification number

38-2837174
B Telephone number (see page 10 of the instructions)

(919) 848-1126
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$5,722,335J 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 811 811  
4 Dividends and interest from securities...... 104,068 104,068  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 275,414
b Gross sales price for all assets on line 6a 3,496,455
7 Capital gain net income (from Part IV, line 2)... 9,286
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 -5,034    
12 Total. Add lines 1 through 11........ 375,259 114,165  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,000 10,000   3,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,530 3,530   1,000
c Other professional fees (attach schedule).... Click to see attachment 56,922 56,922    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,671 6,301    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 423 423    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,546 77,176   4,000
25 Contributions, gifts, grants paid........ 312,000 312,000
26 Total expenses and disbursements. Add lines 24 and 25 393,546 77,176   316,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -18,287
b Net investment income (if negative, enter -0-) 36,989
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...............      
2 Savings and temporary cash investments.......... 327,286 144,843 144,843
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........... 12,680 12,310 12,310
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,509,708 Click to see attachment4,652,091 4,557,554
c Investments—corporate bonds (attach schedule)........ 50,798    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 975,502 Click to see attachment1,048,443 1,007,628
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,875,974 5,857,687 5,722,335
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....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 714,055 714,055
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,161,919 5,143,632
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,875,974 5,857,687
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,875,974 5,857,687
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 5,875,974
2 Enter amount from Part I, line 27a..................... 2 -18,287
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,857,687
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 5,857,687
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 9,286
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 269,161 6,015,704 0.044743
2009 232,000 5,247,565 0.044211
2008 362,894 7,063,247 0.051378
2007 433,791 8,441,745 0.051386
2006 330,592 6,870,962 0.048114
2 Total of line 1, column (d) ...................... 2 0.239832
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 0.047966
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 6,447,838
5 Multiply line 4 by line 3....................... 5 309,277
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 370
7 Add lines 5 and 6......................... 7 309,647
8 Enter qualifying distributions from Part XII, line 4.............. 8 316,000
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 1 370
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............................ 3 370
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- ..... 5 370
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,680
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 2,680
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,310
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet2,310 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
     
     
    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)bulletNC
    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 ofbulletRABON AND DAILEY LLP CPAS Telephone no.bullet (919) 844-0565
    Located atbullet7610 SIX FORKS RD STE 200RALEIGHNC ZIP+4bullet27615
    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
    ALAN F KRAUSSClick to see attachment TRUSTEE
    7.00     		13,000 0 0
    900 STONECUTTER CT
    RALEIGH,NC27614
    FREDERICK G KRAUSSClick to see attachment TRUSTEE
    7.00     		0 0 0
    409 BURROWS AVE
    ROSCOMMON,MI48653
    VIRGINIA KRAUSSClick to see attachment TRUSTEE
    4.00     		0 0 0
    409 BURROWS AVE
    ROSCOMMON,MI48653
    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
    5,236,627
    b
    Average of monthly cash balances.......................
    1b
    311,988
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    997,413
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,546,028
    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
    6,546,028
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    98,190
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,447,838
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    322,392
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    322,392
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    370
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    370
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    322,022
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    322,022
    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
    322,022
    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
    316,000
    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
    316,000
    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
    370
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    315,630
    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 7 322,022
    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....... 14,770
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e......... 14,770
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 316,000
    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..... 316,000
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 6,022 6,022
    (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 8,748
    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 ......     		8,748
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008.... 8,748
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    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
    CRANBROOK SCHOOL
    PO BOX 801
    BLOOMFIELD,MI483039972     		  501 C(3) EDUCATIONAL NEEDS 15,000
    DEPAUW UNIVERSITY
    PO BOX 37
    GREENCASTLE,IN461350037     		  501 C(3) EDUCATIONAL NEEDS 15,000
    MICHIGAN STATE UNIVERSITY
    MICHIGAN STATE UNIVERSITY
    EAST LANSING,MI488242320     		  501 C(3) EDUCATIONAL NEEDS 12,500
    UNIVERSITY OF MICHIGAN
    1221 BEAL AVE
    ANN ARBOR,MI481092102     		  501 C(3) EDUCATIONAL NEEDS 15,000
    PURDUE UNIVERSITY
    403 WEST WOOD STREET
    WEST LAFAYETTE,IN479072007     		  501 C(3) EDUCATIONAL NEEDS 15,000
    GEORGIA TECH
    177 NORTH AVENUE
    ATLANTA,GA303320220     		  501 C(3) EDUCATIONAL NEEDS 15,000
    INTERLOCHEN CENTER FOR THE ARTS
    PO BOX 199
    INTERLOCHEN,MI49643     		  501 C(3) EDUCATIONAL NEEDS 28,500
    CAMP WESTMINSTER
    17567 HUBBLE AVENUE
    DETROIT,MI48235     		  501 C(3) GENERAL FUNDS 25,000
    GOOD SHEPHERD UMC
    149 W ROBINSON LAKE RD
    ROSCOMMON,MI48653     		  501 C(3) GENERAL FUNDS 10,000
    INTERVARSITY CHRISTIAN
    PO BOX 7895
    MADISON,WI537919703     		  501 C(3) GENERAL FUNDS 15,000
    NORTH RALEIGH PRES CHURCH
    110905 STRICKLAND ROAD
    RALEIGH,NC27613     		  501 C(3) GENERAL FUNDS 12,500
    NORTH RALEIGH UMC
    8501 HONEYCUTT ROAD
    RALEIGH,NC27615     		  501 C(3) GENERAL FUNDS 12,500
    ROSCOMMON AREA DISTRICT LIBRARY
    PO BOX 888
    ROSCOMMON,MI48653     		  501 C(3) GENERAL FUNDS 10,000
    ARK
    3878 S MAPLE VALLEY RD
    ST HELEN,MI48656     		  501 C(3) GENERAL FUNDS 5,000
    PULMNARY FIBROSIS FD
    811 EVERGREEN AVE STE 204
    CHICAGO,IL606222691     		  501 C(3) GENERAL FUNDS 15,000
    ASSEMBLIES OF GOD
    1445 N BOONVILLE AVE
    SPRINGFIELD,MO658021894     		  501 C(3) GENERAL FUNDS 6,000
    GOOD SHEPARD MINISTRY
    PO BOX 11909
    SAN BERNADINO,CA92423     		  501 C(3) GENERAL FUNDS 25,000
    LAMPLIGHTERS MINISTRIES
    PO BOX 746
    PHARR,TX78577     		  501 C(3) GENERAL FUNDS 5,000
    WORLD COMPASSION TLM INC
    PO BOX 92
    TULSA,OK74137     		  501 C(3) GENERAL FUNDS 25,000
    WORLD MISSIONS MINISTRY
    PO BOX 270420
    OKLAHOMA CITY,OK731379911     		  501 C(3) GENERAL FUNDS 25,000
    TABERNACLE LEARNING CENTER FOR PRES
    8304 LEESVILLE ROAD
    RALEIGH,NC27613     		  501 C(3) GENERAL FUNDS 5,000
    Total .................................bullet 3a 312,000
    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     14 811  
    4 Dividends and interest from securities....     14 104,068  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     14 9,286 266,128
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aLITIGATION SETTLEMENT     1 32  
    bPARTNERSHIP-THE ENDOWMENT TEI 900099 10 1    
    cPARTNERSHIP-THE ENDOWMENT TEI 900099 -5,076 1    
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -5,066 114,197 266,128
    13Total. Add line 12, columns (b), (d), and (e)..................
    13375,259
    (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.)
    4 INTEREST, DIVIDENDS AND CAPITAL GAINS INCOME ARE USED FOR
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,530 3,530   1,000

    TY 2011 CompensationExplanation
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Person Name Explanation
    ALAN F KRAUSS  
    FREDERICK G KRAUSS  
    VIRGINIA KRAUSS  

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ML 30740   PURCHASE                
    26 CAL PKX NOV 00120 2011-11 PURCHASE 2011-07   8,353       8,353  
    80 CALL ACH NOV 0023 2011-11 PURCHASE 2011-07   3,434       3,434  
    600 POSCO SPN ADR 2005-07 PURCHASE 2011-11   46,913 29,119     17,794  
    400 POSCO SPN ADR 2006-03 PURCHASE 2011-11   31,275 23,413     7,862  
    1000 FINL GRP SPN ADR 2005-07 PURCHASE 2011-11   69,605 55,500     14,105  
    2000 WELLS FARGO CO NEW DEL 2002-06 PURCHASE 2011-11   47,728 51,875     -4,147  
    GENERAL MOTORS CO CASH IN LIEU 2011-05 PURCHASE 2011-05   30       30  
    GENERAL MOTORS CO CASH IN LIEU 2011-09 PURCHASE 2011-09   7       7  
    GENERAL MOTORS CO CASH IN LIEU 2011-11 PURCHASE 2011-11   22       22  
    WT07 19GENERAL MOTOR CO CASH IN LIEU 2011-05 PURCHASE 2011-05   4       4  
    WT07 19GENERAL MOTOR CO CASH IN LIEU 2011-09 PURCHASE 2011-09   8       8  
    WT07 19GENERAL MOTOR CO CASH IN LIEU 2011-11 PURCHASE 2011-11   6       6  
    WT07 16GENERAL MOTOR CO CASH IN LIEU 2011-05 PURCHASE 2011-05   5       5  
    WT07 16GENERAL MOTOR CO CASH IN LIEU 2011-09 PURCHASE 2011-09   12       12  
    WT07 16GENERAL MOTOR CO CASH IN LIER 2011-11 PURCHASE 2011-11   9       9  
    ML 16456   PURCHASE                
    155 AUTONATION INC 2011-01 PURCHASE 2011-07   6,083 4,415     1,668  
    125 AUTONATION INC 2011-01 PURCHASE 2011-07   4,906 3,640     1,266  
    132 AUTONATION INC 2011-02 PURCHASE 2011-07   5,181 3,841     1,340  
    103 AUTONATION INC 2011-02 PURCHASE 2011-07   4,042 3,503     539  
    165 AUTONATION INC 2011-02 PURCHASE 2011-07   6,476 5,279     1,197  
    105 AUTONATION INC 2011-03 PURCHASE 2011-07   4,121 3,487     634  
    80 AUTONATION INC 2011-03 PURCHASE 2011-07   3,140 2,849     291  
    168 AUTONATION INC 2011-04 PURCHASE 2011-07   6,594 5,541     1,053  
    143 DREAMWORKS ANIMATION INC 2011-01 PURCHASE 2011-07   2,979 4,139     -1,160  
    150 DREAMWORKS ANIMATION INC 2011-02 PURCHASE 2011-07   3,125 4,317     -1,192  
    166 DREAMWORKS ANIMATION INC 2011-04 PURCHASE 2011-07   3,458 4,317     -859  
    162 DREAMWORKS ANIMATION INC 2011-06 PURCHASE 2011-07   3,375 3,476     -101  
    196 DREAMWORKS ANIMATION INC 2011-07 PURCHASE 2011-07   4,083 4,077     6  
    129 FRANCO NEV CORP 2011-02 PURCHASE 2011-07   5,383 3,823     1,560  
    121 FRANCO NEV CORP 2011-03 PURCHASE 2011-07   5,049 4,383     666  
    20 GREENLIGHT CAPITAL RE LT 2011-04 PURCHASE 2011-07   508 566     -58  
    93 GREENLIGHT CAPITAL RE LT 2011-04 PURCHASE 2011-07   2,365 2,626     -261  
    48 GREENLIGHT CAPITAL RE LT 2011-04 PURCHASE 2011-07   1,220 1,357     -137  
    75 GREENLIGHT CAPITAL RE LT 2011-05 PURCHASE 2011-07   1,907 2,025     -118  
    94 GREENLIGHT CAPITAL RE LT 2011-05 PURCHASE 2011-07   2,390 2,524     -134  
    140 GREENLIGHT CAPITAL RE LT 2011-07 PURCHASE 2011-07   3,560 3,675     -115  
    116 LIBERTY MEDIA CORP 2011-07 PURCHASE 2011-07   8,937 8,629     308  
    226 SWIRE PAC LTD SPSD ADR A 2011-01 PURCHASE 2011-07   3,187 3,867     -680  
    280 SWIRE PAC LTD SPSD ADR A 2011-01 PURCHASE 2011-07   3,948 4,626     -678  
    234 SWIRE PAC LTD SPSD ADR A 2011-01 PURCHASE 2011-07   3,299 3,731     -432  
    351 SWIRE PAC LTD SPSD ADR A 2011-02 PURCHASE 2011-07   4,949 5,143     -194  
    280 SWIRE PAC LTD SPSD ADR A 2011-03 PURCHASE 2011-07   3,948 3,899     49  
    280 SWIRE PAC LTD SPSD ADR A 2011-05 PURCHASE 2011-07   3,948 4,272     -324  
    293 SWIRE PAC LTD SPSD ADR A 2011-05 PURCHASE 2011-07   4,131 4,381     -250  
    24 THE HOWARD HUGHES CORP 2011-04 PURCHASE 2011-07   1,506 1,542     -36  
    46 THE HOWARD HUGHES CORP 2011-04 PURCHASE 2011-07   2,887 2,941     -54  
    600 HENDERSON LAND DEVELOPMENT 2011-03 PURCHASE 2011-07   3,690 4,052     -362  
    300 HENDERSON LAND DEVELOPMENT 2011-04 PURCHASE 2011-07   1,845 2,175     -330  
    700 HENDERSON LAND DEVELOPMENT 2011-05 PURCHASE 2011-07   4,305 4,666     -361  
    149 AUTONATION INC 2010-12 PURCHASE 2011-07   5,848 3,978     1,870  
    140 AUTONATION INC 2010-12 PURCHASE 2011-07   5,495 3,812     1,683  
    140 AUTONATION INC 2010-12 PURCHASE 2011-07   5,495 3,949     1,546  
    383 FOREST CITY ENTERPRS CL A 2010-08 PURCHASE 2011-07   7,050 4,328     2,722  
    143 FOREST CITY ENTERPRS CL A 2010-10 PURCHASE 2011-07   2,632 2,088     544  
    308 FOREST CITY ENTERPRS CL A 2010-11 PURCHASE 2011-07   5,670 4,611     1,059  
    115 FRANCO NEV CORP 2010-08 PURCHASE 2011-07   4,799 3,584     1,215  
    114 FRANCO NEV CORP 2010-09 PURCHASE 2011-07   4,757 3,589     1,168  
    108 FRANCO NEV CORP 2010-10 PURCHASE 2011-07   4,507 3,624     883  
    97 FRANCO NEV CORP 2010-10 PURCHASE 2011-07   4,048 3,298     750  
    122 FRANCO NEV CORP 2010-11 PURCHASE 2011-07   5,091 3,973     1,118  
    123 FRANCO NEV CORP 2010-12 PURCHASE 2011-07   5,133 4,053     1,080  
    82 MARKET VECTORS 2011-03 PURCHASE 2011-07   3,004 2,644     360  
    212 GREENLIGHT CAPITAL RE LT 2010-11 PURCHASE 2011-07   5,390 6,110     -720  
    150 JARDEN CORP 2010-08 PURCHASE 2011-07   5,075 4,314     761  
    102 JARDEN CORP 2010-09 PURCHASE 2011-07   3,451 2,848     603  
    182 JARDEN CORP 2010-09 PURCHASE 2011-07   6,157 5,284     873  
    111 JARDEN CORP 2010-09 PURCHASE 2011-07   3,755 3,389     366  
    134 JARDEN CORP 2010-10 PURCHASE 2011-07   4,534 4,443     91  
    134 JARDEN CORP 2010-11 PURCHASE 2011-07   4,534 4,261     273  
    144 JARDEN CORP 2010-12 PURCHASE 2011-07   4,872 4,436     436  
    75 LIBERTY MEDIA HLDG 2010-08 PURCHASE 2011-07   6,485 3,615     2,870  
    86 LIBERTY MEDIA HLDG 2010-08 PURCHASE 2011-07   7,436 3,994     3,442  
    55 LIBERTY MEDIA HLDG 2010-09 PURCHASE 2011-07   4,756 2,661     2,095  
    76 LIBERTY MEDIA HLDG 2010-12 PURCHASE 2011-07   6,571 4,750     1,821  
    540 LEUCADIA NATL CORP 2010-08 PURCHASE 2011-07   18,760 11,037     7,723  
    134 LEUCADIA NATL CORP 2010-10 PURCHASE 2011-07   4,655 3,287     1,368  
    95 LOEWS CORP 2010-08 PURCHASE 2011-07   3,894 3,610     284  
    93 LOEWS CORP 2010-08 PURCHASE 2011-07   3,812 3,487     325  
    91 LOEWS CORP 2010-08 PURCHASE 2011-07   3,730 3,306     424  
    91 LOEWS CORP 2010-08 PURCHASE 2011-07   3,730 3,253     477  
    107 LOEWS CORP 2010-09 PURCHASE 2011-07   4,386 3,935     451  
    89 LOEWS CORP 2010-10 PURCHASE 2011-07   3,648 3,383     265  
    73 LOEWS CORP 2010-10 PURCHASE 2011-07   2,993 2,929     64  
    118 LOEWS CORP 2010-10 PURCHASE 2011-07   4,837 4,655     182  
    245 SWIRE PAC LTD SPSD ADR A 2010-12 PURCHASE 2011-07   3,454 3,997     -543  
    46 SEARS HOLDINGS CORP 2010-07 PURCHASE 2011-07   3,482 3,122     360  
    41 SEARS HOLDINGS CORP 2010-08 PURCHASE 2011-07   3,104 2,954     150  
    105 SEARS HOLDINGS CORP 2010-11 PURCHASE 2011-07   7,949 6,560     1,389  
    43 THE HOWARD HUGHES CORP 2010-12 PURCHASE 2011-07   2,699 2,331     368  
    74 THE HOWARD HUGHES CORP 2010-12 PURCHASE 2011-07   1,946 1,683     263  
    12197 FIRST EAGLE OVERSEAS CL I 2011-07 PURCHASE 2011-12   247,233 294,819     -47,586  
    .622 FIRST EAGLE OVERSEAS CL I 2011-12 PURCHASE 2011-12   13 13        
    200 HENDERSON LAND DEVELOPMT 2010-09 PURCHASE 2011-07   1,230 1,412     -182  
    700 HENDERSON LAND DEVELOPMT 2010-10 PURCHASE 2011-07   4,305 5,218     -913  
    2900 BEJING CAP INT AIRPT-H 2010-11 PURCHASE 2011-07   1,308 1,724     -416  
    166 ANGLO AMERN PLC ADR 2009-04 PURCHASE 2011-02   4,377 1,595     2,782  
    158 ANGLO AMERN PLC ADR 2009-04 PURCHASE 2011-03   4,304 1,518     2,786  
    1649 BROOKFIELD ASSET MGMT CL A 2008-04 PURCHASE 2011-07   53,305 47,880     5,425  
    92 BERKSHIRE HATHAWAYINC DEL CL B 2008-04 PURCHASE 2011-06   6,922 7,884     -962  
    308 BERKSHIRE HATHAWAYINC DEL CL B 2008-04 PURCHASE 2011-07   23,709 26,396     -2,687  
    50 BERKSHIRE HATHAWAYINC DEL CL B 2009-01 PURCHASE 2011-07   3,849 2,833     1,016  
    67 BOK FINCL CORP NEW 2010-03 PURCHASE 2011-07   3,684 3,115     569  
    11 BOK FINCL CORP NEW 2010-03 PURCHASE 2011-07   605 512     93  
    77 CARNIVAL CORP PAIRED SHS 2008-09 PURCHASE 2011-03   3,007 3,201     -194  
    105 CARNIVAL CORP PAIRED SHS 2008-09 PURCHASE 2011-03   4,022 4,365     -343  
    125 CARNIVAL CORP PAIRED SHS 2008-09 PURCHASE 2011-04   4,671 5,196     -525  
    169 CARNIVAL CORP PAIRED SHS 2008-09 PURCHASE 2011-07   6,205 7,025     -820  
    90 CARNIVAL CORP PAIRED SHS 2008-10 PURCHASE 2011-07   3,304 2,735     569  
    187 CB RICHARD ELLIS GR INC CL A 2010-02 PURCHASE 2011-02   4,731 2,299     2,432  
    351 CB RICHARD ELLIS GR INC CL A 2010-02 PURCHASE 2011-07   8,312 4,316     3,996  
    29 CNOOC LTD ADR 2008-04 PURCHASE 2011-03   6,585 5,190     1,395  
    89 CNOOC LTD ADR 2008-04 PURCHASE 2011-07   19,744 15,927     3,817  
    287 CHINA UNICOM HONG KONG LTD 2009-01 PURCHASE 2011-01   4,246 2,599     1,647  
    280 CHINA UNICOM HONG KONG LTD 2009-01 PURCHASE 2011-01   4,348 2,535     1,813  
    89 CHINA LIFE INS CO SP ADR 2009-01 PURCHASE 2011-02   5,126 3,485     1,641  
    80 CHINA LIFE INS CO SP ADR 2009-01 PURCHASE 2011-03   4,709 3,133     1,576  
    115 CHINA LIFE INS CO SP ADR 2009-01 PURCHASE 2011-03   6,175 4,503     1,672  
    75 CME GROUP INC 2008-04 PURCHASE 2011-07   21,435 39,050     -17,615  
    125 CENOVUS ENERGY INC 2008-04 PURCHASE 2011-04   4,559 5,223     -664  
    343 CENOVUS ENERGY INC 2008-04 PURCHASE 2011-07   13,673 14,331     -658  
    76 CENOVUS ENERGY INC 2009-01 PURCHASE 2011-07   3,030 1,638     1,392  
    177 DREAMWORKS ANIMATION INC 2010-06 PURCHASE 2011-07   2,437 3,460     -1,023  
    138 DREAMWORKS ANIMATION INC 2010-07 PURCHASE 2011-07   2,875 3,927     -1,052  
    253 FOREST CITY ENTRPRS CL A 2010-03 PURCHASE 2011-07   4,657 3,676     981  
    280 FOREST CITY ENTRPRS CL A 2010-04 PURCHASE 2011-07   5,154 4,437     717  
    227 FOREST CITY ENTRPRS CL A 2010-05 PURCHASE 2011-07   4,179 3,375     804  
    252 FOREST CITY ENTRPRS CL A 2010-07 PURCHASE 2011-07   4,639 2,980     1,659  
    120 FRANCO NEV CORP 2010-07 PURCHASE 2011-07   5,008 3,571     1,437  
    164 MARKET VECTORS 2009-03 PURCHASE 2011-07   6,007 2,473     3,534  
    157 MARKET VECTORS 2009-04 PURCHASE 2011-07   5,751 3,043     2,708  
    278 MARKET VECTORS 2009-05 PURCHASE 2011-07   10,183 6,180     4,003  
    288 MARKET VECTORS 2009-05 PURCHASE 2011-07   10,549 6,114     4,435  
    1180 GRUPO TELEVISA SA ADR 2009-10 PURCHASE 2011-07   26,785 23,315     3,470  
    71 GREENLIGHT CAPITAL RE LT 2010-04 PURCHASE 2011-07   1,805 1,873     -68  
    74 GREENLIGHT CAPITAL RE LT 2010-04 PURCHASE 2011-07   1,882 1,918     -36  
    41 GREENLIGHT CAPITAL RE LT 2010-06 PURCHASE 2011-07   1,042 1,074     -32  
    241 ICICI BANK LTD SPD ADR 2008-06 PURCHASE 2011-07   11,606 8,225     3,381  
    198 ICICI BANK LTD SPD ADR 2009-06 PURCHASE 2011-07   9,536 5,932     3,604  
    466 IMPERIAL OIL LTD COM NEW 2008-04 PURCHASE 2011-07   21,883 27,967     -6,084  
    219 IMPERIAL OIL LTD COM NEW 2008-10 PURCHASE 2011-07   10,284 7,407     2,877  
    161 JARDEN CORP 2010-03 PURCHASE 2011-07   5,447 5,491     -44  
    189 JARDEN CORP 2010-07 PURCHASE 2011-07   6,394 5,544     850  
    83 LIBERTY MEDIA HLDG 2010-06 PURCHASE 2011-07   7,177 3,257     3,920  
    75 LIBERTY MEDIA HLDG 2010-06 PURCHASE 2011-07   6,485 3,322     3,163  
    66 LIBERTY MEDIA HLDG 2010-07 PURCHASE 2011-07   5,707 2,954     2,753  
    143 LENDER PROCESSING SERV INC 2009-11 PURCHASE 2011-01   4,169 6,072     -1,903  
    45 LENDER PROCESSING SERV INC 2009-11 PURCHASE 2011-02   1,370 1,911     -541  
    84 LENDER PROCESSING SERV INC 2009-11 PURCHASE 2011-02   2,558 3,518     -960  
    48 LENDER PROCESSING SERV INC 2009-11 PURCHASE 2011-02   1,512 2,010     -498  
    62 LENDER PROCESSING SERV INC 2009-11 PURCHASE 2011-02   1,953 2,567     -614  
    585 LEUCADIA NATL CORP 2008-04 PURCHASE 2011-07   20,324 31,040     -10,716  
    200 LEUCADIA NATL CORP 2010-05 PURCHASE 2011-07   6,948 4,739     2,209  
    96 LOEWS CORP 2010-07 PURCHASE 2011-07   3,935 3,448     487  
    73 MASTERCARD INC 2009-02 PURCHASE 2011-07   22,849 11,396     11,453  
    168 NASDAQ OMX GRP INC 2008-04 PURCHASE 2011-05   4,427 6,701     -2,274  
    169 NASDAQ OMX GRP INC 2008-04 PURCHASE 2011-06   3,981 6,741     -2,760  
    186 NASDAQ OMX GRP INC 2008-04 PURCHASE 2011-07   4,690 7,419     -2,729  
    72 NASDAQ OMX GRP INC 2008-10 PURCHASE 2011-07   1,816 2,388     -572  
    590 NYSE EURONEXT 2009-01 PURCHASE 2011-07   20,658 13,214     7,444  
    31 SEARS HOLDINGS CORP 2010-04 PURCHASE 2011-07   2,347 3,762     -1,415  
    41 SEARS HOLDINGS CORP 2010-05 PURCHASE 2011-07   3,104 3,614     -510  
    56 SEARS HOLDINGS CORP 2010-06 PURCHASE 2011-07   4,239 4,344     -105  
    44 SEARS HOLDINGS CORP 2010-06 PURCHASE 2011-07   3,331 3,188     143  
    63 SEARS HOLDINGS CORP 2010-07 PURCHASE 2011-07   4,769 4,057     712  
    47 SEARS HOLDINGS CORP 2010-07 PURCHASE 2011-07   3,558 2,940     618  
    55 SEARS HOLDINGS CORP 2010-07 PURCHASE 2011-07   4,164 3,466     698  
    64 SEARS HOLDINGS CORP 2010-07 PURCHASE 2011-07   4,845 4,032     813  
    144 VORNADO REALTY TRUST COM REIT 2009-03 PURCHASE 2011-07   14,141 5,473     8,668  
    1 VORNADO REALTY TRUST COM REIT 2009-06 PURCHASE 2011-07   98 48     50  
    390 DE LA RUE PLC SHS 2009-11 PURCHASE 2011-01   4,998 5,953     -955  
    321 DE LA RUE PLC SHS 2009-11 PURCHASE 2011-01   4,030 4,900     -870  
    325 DE LA RUE PLC SHS 2009-11 PURCHASE 2011-01   3,491 4,961     -1,470  
    300 HONG KNONG EXCHANGES 2009-02 PURCHASE 2011-03   6,338 2,420     3,918  
    300 HONG KNONG EXCHANGES 2009-02 PURCHASE 2011-04   6,926 2,420     4,506  
    100 HONG KNONG EXCHANGES 2009-02 PURCHASE 2011-05   2,182 807     1,375  
    200 HONG KNONG EXCHANGES 2009-02 PURCHASE 2011-06   4,129 1,614     2,515  
    700 HONG KNONG EXCHANGES 2009-02 PURCHASE 2011-07   14,504 5,647     8,857  
    4000 HENDERESON LAND DEVELOPMT 2008-10 PURCHASE 2011-07   24,599 14,786     9,813  
    7918 BEIJING CAP INT AIRPT-H 2008-04 PURCHASE 2011-06   3,683 6,453     -2,770  
    2000 BEIJING CAP INT AIRPT-H 2008-04 PURCHASE 2011-06   920 1,630     -710  
    6082 BEIJING CAP INT AIRPT H 2008-04 PURCHASE 2011-07   2,743 4,957     -2,214  
    ML 16556   PURCHASE                
    228 ALCOA INC 2011-04 PURCHASE 2011-10   2,308 3,868     -1,560  
    432 ALCOA INC 2011-08 PURCHASE 2011-10   4,373 5,147     -774  
    47 AVERY DENNISON CORP 2011-04 PURCHASE 2011-07   1,550 1,960     -410  
    88 BARNES GROUP INC DE 2011-02 PURCHASE 2011-04   2,177 1,803     374  
    229 BANK NEW YORK MELLON 2011-04 PURCHASE 2011-08   4,755 6,571     -1,816  
    102 BANCORPSOUTH INC 2011-01 PURCHASE 2011-11   948 1,585     -637  
    38 BANCORPSOUTH INC 2011-01 PURCHASE 2011-11   343 590     -247  
    170 BANCORPSOUTH INC 2011-01 PURCHASE 2011-11   1,535 2,675     -1,140  
    122 BANCORPSOUTH INC 2011-04 PURCHASE 2011-11   1,101 1,654     -553  
    60 CONCOPHILLIPS 2011-04 PURCHASE 2011-08   3,812 4,703     -891  
    17 COMPUTER SCIENCE CRP 2011-04 PURCHASE 2011-04   869 845     24  
    198 COMPUTER SCIENCE CRP 2011-04 PURCHASE 2011-08   5,581 9,839     -4,258  
    135 COMPUTER SCIENCE CRP 2011-05 PURCHASE 2011-08   3,805 5,961     -2,156  
    148 COMPUTER SCIENCE CRP 2011-06 PURCHASE 2011-08   4,172 5,679     -1,507  
    157 COMPUTER SCIENCE CRP 2011-08 PURCHASE 2011-08   4,425 4,520     -95  
    193 GAP INC DE 2011-04 PURCHASE 2011-08   3,097 4,488     -1,391  
    69 HARTFORD FINL SVCS GROUP 2011-02 PURCHASE 2011-04   1,982 1,982        
    510 HARTFORD FINL SVCS GROUP 2011-02 PURCHASE 2011-12   8,461 14,891     -6,430  
    83 HARTFORD FINL SVCS GROUP 2011-03 PURCHASE 2011-12   1,377 2,216     -839  
    125 MEDTRONIC INC 2011-02 PURCHASE 2011-08   3,946 4,992     -1,046  
    36 MEDTRONIC INC 2011-04 PURCHASE 2011-08   1,137 1,514     -377  
    815 NOKIA CORP 2011-02 PURCHASE 2011-05   6,928 7,029     -101  
    1025 TALBOTS INC 2011-02 PURCHASE 2011-06   2,440 5,905     -3,465  
    335 TALBOTS INC 2011-03 PURCHASE 2011-06   798 2,009     -1,211  
    14 TALBOTS INC 2011-04 PURCHASE 2011-06   33 75     -42  
    155 TRUE RELIGION APPPAREL IN 2011-01 PURCHASE 2011-07   4,634 3,124     1,510  
    30 TRUE RELIGION APPPAREL IN 2011-01 PURCHASE 2011-07   893 604     289  
    165 TRUE RELIGION APPPAREL IN 2011-02 PURCHASE 2011-07   4,914 3,306     1,608  
    80 TRUE RELIGION APPPAREL IN 2011-02 PURCHASE 2011-07   2,382 1,609     773  
    9 TCF FINANCIAL CORP COM 2011-01 PURCHASE 2011-04   140 140        
    631 TCF FINANCIAL CORP COM 2011-01 PURCHASE 2011-08   6,146 9,811     -3,665  
    645 TCF FINANCIAL CORP COM 2011-01 PURCHASE 2011-08   6,283 10,046     -3,763  
    334 TCF FINANCIAL CORP COM 2011-08 PURCHASE 2011-08   3,253 3,289     -36  
    25 ARCHER DANIELS MIDLD 2010-11 PURCHASE 2011-04   918 721     197  
    310 BANCORPSOUTH INC 2010-12 PURCHASE 2011-11   2,880 4,910     -2,030  
    87 CHESAPEAKE ENERGY OKLA 2010-10 PURCHASE 2011-04   2,914 1,949     965  
    325 CISCO SYSTEMS INC 2010-06 PURCHASE 2011-02   6,126 7,530     -1,404  
    370 CISCO SYSTEMS INC 2010-08 PURCHASE 2011-02   6,974 7,954     -980  
    30 EATON CORP 2010-05 PURCHASE 2011-01   3,078 2,228     850  
    70 EATON CORP 2010-08 PURCHASE 2011-01   7,182 4,853     2,329  
    152 INTL PAPER CO 2010-11 PURCHASE 2011-04   4,694 3,795     899  
    140 REHABCARE GROUP INC COM 2011-10 PURCHASE 2011-02   5,127 3,134     1,993  
    155 REHABCARE GROUP INC COM 2010-10 PURCHASE 2011-02   5,658 3,470     2,188  
    130 REHABCARE GROUP INC COM 2010-11 PURCHASE 2011-02   4,745 2,713     2,032  
    175 REHABCARE GROUP INC COM 2010-12 PURCHASE 2011-02   6,387 4,150     2,237  
    115 TRUE RELIGION APPAREL INC 2010-12 PURCHASE 2011-04   3,478 2,697     781  
    151 TRUE RELIGION APPAREL INC 2010-12 PURCHASE 2011-04   4,567 3,493     1,074  
    49 TRUE RELIGION APPAREL INC 2010-12 PURCHASE 2011-07   1,465 1,134     331  
    190 TEREX CORP DEL NEW COM 2010-02 PURCHASE 2011-02   6,580 3,611     2,969  
    367 GAP INC DEL 2008-04 PURCHASE 2011-08   5,890 6,814     -924  
    695 ALCOA INC 2008-04 PURCHASE 2011-10   7,035 24,881     -17,846  
    385 ALCOA INC 2008-10 PURCHASE 2011-10   3,897 5,495     -1,598  
    475 ALCOA INC 2008-10 PURCHASE 2011-10   4,808 5,610     -802  
    275 AGILENT TECHNOLIGIES INC 2008-04 PURCHASE 2011-01   11,535 8,393     3,142  
    205 AGILENT TECHNOLIGIES INC 2008-04 PURCHASE 2011-02   8,440 6,257     2,183  
    250 AGILENT TECHNOLIGIES INC 2008-04 PURCHASE 2011-02   10,966 7,630     3,336  
    255 AVERY DENNISON CORP 2010-04 PURCHASE 2011-07   8,410 9,631     -1,221  
    155 AVERY DENNISON CORP 2010-04 PURCHASE 2011-07   5,112 6,134     -1,022  
    265 AVERY DENNISON CORP 2010-05 PURCHASE 2011-07   8,740 9,988     -1,248  
    290 BANK NEW YORK MELLON CORP 2010-01 PURCHASE 2011-08   6,021 8,469     -2,448  
    270 BANK NEW YORK MELLON CORP 2010-02 PURCHASE 2011-08   5,606 7,721     -2,115  
    260 BANK NEW YORK MELLON CORP 2010-04 PURCHASE 2011-08   5,399 8,212     -2,813  
    455 BANCORPSOUTH INC 2010-11 PURCHASE 2011-11   4,226 6,170     -1,944  
    140 COMMUNITY HEALTH SYS NEW 2008-04 PURCHASE 2011-02   5,173 5,122     51  
    75 COMMUNITY HEALTH SYS NEW 2008-10 PURCHASE 2011-02   2,771 1,519     1,252  
    285 COMMUNITY HEALTH SYS NEW 2008-10 PURCHASE 2011-04   11,472 5,774     5,698  
    285 CONOCOPHILLIPS 2008-04 PURCHASE 2011-08   18,105 22,646     -4,541  
    40 CONOCOPHILLIPS 2008-10 PURCHASE 2011-08   2,541 2,023     518  
    345 CISCO SYSTEMS INC COM 2010-02 PURCHASE 2011-02   6,503 8,042     -1,539  
    130 DU PONT E I DE NEMOURS 2002-06 PURCHASE 2011-01   6,516 5,897     619  
    175 DU PONT E I DE NEMOURS 2002-06 PURCHASE 2011-01   8,814 7,938     876  
    204 DU PONT E I DE NEMOURS 2002-06 PURCHASE 2011-01   10,342 9,253     1,089  
    890 GAP INC DELAWARE 2008-04 PURCHASE 2011-08   13,776 15,125     -1,349  
    215 GAP INC DELAWARE 2008-04 PURCHASE 2011-08   3,450 3,882     -432  
    184 HEALTH NET INC 2008-04 PURCHASE 2011-04   6,100 5,376     724  
    95 JPMORGAN CHASE & CO 2008-04 PURCHASE 2011-04   4,337 4,160     177  
    123 JPMORGAN CHASE & CO 2008-04 PURCHASE 2011-05   5,592 5,385     207  
    330 LIFEPOINT HOSPS INC COM 2009-09 PURCHASE 2011-12   11,966 8,496     3,470  
    163 LIFEPOINT HOSPS INC COM 2009-10 PURCHASE 2011-12   5,911 4,625     1,286  
    18 LOWES COMPANIES INC 2009-08 PURCHASE 2011-04   473 379     94  
    357 LOWES COMPANIES INC 2009-08 PURCHASE 2011-05   9,238 7,521     1,717  
    395 LOWES COMPANIES INC 2009-09 PURCHASE 2011-05   10,221 8,662     1,559  
    232 MARATHON OIL CORP 2008-04 PURCHASE 2011-04   12,466 10,551     1,915  
    318 MARATHON OIL CORP 2008-04 PURCHASE 2011-09   7,833 8,627     -794  
    90 MARATHON OIL CORP 2008-07 PURCHASE 2011-09   2,217 2,326     -109  
    155 MARATHON OIL CORP 2008-10 PURCHASE 2011-09   3,818 2,400     1,418  
    408 MACYS INC 2009-08 PURCHASE 2011-09   10,228 6,281     3,947  
    MARATHON PETROLEUM CORP CASH IN LIEU 2008-10 PURCHASE 2011-07   20 10     10  
    159 MARATHON PETROLEUM CORP 2008-04 PURCHASE 2011-12   5,430 5,836     -406  
    45 MARATHON PETROLEUM CORP 2008-07 PURCHASE 2011-12   1,537 1,573     -36  
    77 MARATHON PETROLEUM CORP 2008-10 PURCHASE 2011-12   2,630 1,613     1,017  
    220 MEDTRONIC INC 2009-05 PURCHASE 2011-08   6,946 7,097     -151  
    210 MEDTRONIC INC 2009-10 PURCHASE 2011-08   6,630 7,541     -911  
    125 MEDTRONIC INC 2010-01 PURCHASE 2011-08   3,947 5,540     -1,593  
    635 NOKIA CORP 2010-01 PURCHASE 2011-05   5,398 8,408     -3,010  
    585 NOKIA CORP 2010-02 PURCHASE 2011-05   4,972 7,602     -2,630  
    300 PATTERSON UTI ENERGY INC 2008-04 PURCHASE 2011-04   9,235 8,142     1,093  
    129 PATTERSON UTI ENERGY INC 2008-04 PURCHASE 2011-04   4,024 3,501     523  
    357 PATTERSON UTI ENERGY INC 2008-04 PURCHASE 2011-07   11,536 9,689     1,847  
    139 PATTERSON UTI ENERGY INC 2008-04 PURCHASE 2011-07   4,629 3,772     857  
    166 PATTERSON UTI ENERGY INC 2008-10 PURCHASE 2011-07   5,529 1,926     3,603  
    69 PRUDENTIAL FINANCIAL INC 2009-06 PURCHASE 2011-04   4,372 2,505     1,867  
    15 PFIZER INC 2008-04 PURCHASE 2011-04   313 310     3  
    754 PFIZER INC 2008-04 PURCHASE 2011-11   14,926 15,578     -652  
    131 TEXAS INSTRUMENTS 2008-10 PURCHASE 2011-04   4,656 2,445     2,211  
    70 TEREX CORP DEL NEW COM 2010-02 PURCHASE 2011-02   2,663 1,331     1,332  
    120 UNITEDHEALTH GROUP INC 2008-07 PURCHASE 2011-04   5,330 3,322     2,008  
    137 UNITEDHEALTH GROUP INC 2008-07 PURCHASE 2011-04   6,727 3,792     2,935  
    258 UNITEDHEALTH GROUP INC 2008-07 PURCHASE 2011-06   12,737 7,142     5,595  
    45 UNITEDHEALTH GROUP INC 2008-07 PURCHASE 2011-06   2,225 1,246     979  
    310 UNITEDHEALTH GROUP INC 2008-09 PURCHASE 2011-06   15,329 8,000     7,329  
    200 VALERO ENERGY CORP NEW 2010-04 PURCHASE 2011-04   5,647 4,038     1,609  
    10 WESCO INTERNATIONAL INC 2009-02 PURCHASE 2011-01   533 201     332  
    185 WESCO INTERNATIONAL INC 2009-02 PURCHASE 2011-01   9,856 4,010     5,846  
    ML 17221   PURCHASE                
    518 AFLAC INC 2009-03 PURCHASE 2011-05   26,129 10,881     15,248  
    1501 AFLAC INC 2009-03 PURCHASE 2011-05   74,874 31,531     43,343  
    322 ACCENTURE PLC SHS 2009-08 PURCHASE 2011-07   19,357 11,585     7,772  
    333 BERKSHIRE HATHAWAYINC 2008-04 PURCHASE 2011-05   26,252 28,998     -2,746  
    842 COLGATE PALMOLIVE 2008-05 PURCHASE 2011-02   63,153 61,048     2,105  
    103 MASTERCARD INC 2009-04 PURCHASE 2011-09   34,981 17,963     17,018  
    1486 STATE STREET CORP 2010-03 PURCHASE 2011-04   67,809 68,459     -650  
    1588 TERADATA CORP DEL 2009-08 PURCHASE 2011-11   91,067 42,474     48,593  
    1018 VISA INC CL A SHS 2008-09 PURCHASE 2011-08   81,502 68,632     12,870  
    SALE OF PARTNERSHIP INTEREST 2008-05 PURCHASE 2011-08   968,862 970,436     -1,574  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS    

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE SECURITIES 4,652,091 4,557,554

    TY 2011 InvestmentsOtherSchedule2
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS-LP AT COST 1,048,443 1,007,628

    TY 2011 OtherExpensesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OTHER TRANSACTIONS FEES-30740 108 108    
    OTHER TRANSACTIONS FEES-16456 50 50    
    OTHER TRANSACTIONS FEES-16454 84 84    
    OTHER TRANSACTIONS FEES-16556 7 7    
    OFFICE SUPPLIES 174 174    


    TY 2011 OtherIncomeSchedule2
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION SETTLEMENT 32    
    PARTNERSHIP-THE ENDOWMENT TEI 10    
    PARTNERSHIP-THE ENDOWMENT TEI -5,076    


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ML BROKERAGE/MANAGEMENT FEES-307 125 125    
    ML BROKERAGE/MANAGEMENT FEES-164 7,926 7,926    
    ML BROKERAGE/MANAGEMENT FEES-164 13,420 13,420    
    ML BROKERAGE/MANAGEMENT FEES-165 12,476 12,476    
    ML BROKERAGE/MANAGEMENT FEES-172 22,975 22,975    


    TY 2011 TaxesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES-30740 3,332 3,332    
    FOREIGN TAXES-16456 1,151 1,151    
    FOREIGN TAXES-16454 1,392 1,392    
    FOREIGN TAXES-16556 225 225    
    FOREIGN TAXES-17221 201 201    
    FEDERAL INCOME TAXES 370