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
2010
For calendar year 2010, or tax year beginning 09-01-2010 , and ending 08-31-2011
G
Check all that apply:
Name of foundation
Richard L McConnell Family Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)7295 NW 100th Street   Room/suite
City or town, state, and ZIP code
Grimes, IA50111
A Employer identification number

42-1493274
B Telephone number (see page 10 of the instructions)

(515) 986-4574
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$1,321,714J 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) 75,000
2 Check bullet
3 Interest on savings and temporary cash investments 8,374 8,374  
4 Dividends and interest from securities...... 18,660 18,660  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 26,998
b Gross sales price for all assets on line 6a 233,145
7 Capital gain net income (from Part IV, line 2)... 26,998
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 1,173 696  
12 Total. Add lines 1 through 11........ 130,205 54,728  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
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 2,880 1,440 0 1,440
c Other professional fees (attach schedule).... Click to see attachment 9,515 4,757   4,748
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,362 444    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,757 6,641 0 6,188
25 Contributions, gifts, grants paid........ 38,750 38,750
26 Total expenses and disbursements. Add lines 24 and 25 52,507 6,641 0 44,938
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 77,698
b Net investment income (if negative, enter -0-) 48,087
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 (2010)
Form 990-PF (2010)
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............... 104,421 151,251 151,251
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,092,866 Click to see attachment1,123,734 1,170,463
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) 1,197,287 1,274,985 1,321,714
Liabilities 17 Accounts payable and accrued expenses.......... 0  
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 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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,197,287 1,274,985
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,197,287 1,274,985
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,197,287 1,274,985
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 1,197,287
2 Enter amount from Part I, line 27a...................... 2 77,698
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,274,985
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 1,274,985
Form 990-PF (2010)
Form 990-PF (2010)
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 COOPER INDUSTRIES PLC P 2007-01-01 2010-09-27
b AEROPOSTALE INC P 2007-01-01 2010-09-27
c AMPHENOL CORP CLASS A P 2008-01-02 2010-09-27
d ARCHER-DANIELS-MIDLAND CO P 2010-01-11 2010-09-08
e CAMERON INTERNATIONAL CORP P 2008-01-17 2010-09-27
H B FULLER & CO P 2009-11-06 2010-09-27
HASBRO INC P 2008-01-02 2010-09-27
INGRAM MICRO INC CLASS A P 2008-01-02 2010-09-28
LIFE TECHNOLOGIES CORP P 2008-08-26 2010-09-27
NORDSTROM INC P 2009-12-03 2010-09-09
NORFOLK SOUTHERN CORP P 2009-03-02 2010-09-08
TIFFANY & CO NEW P 2009-12-11 2010-09-09
UNION PACIFIC CORP P 2009-10-23 2010-09-08
VALUECLICK INC P 2009-07-21 2010-09-27
VISHAY PRECISION GROUP INC P 2009-12-22 2010-09-27
VODAFONE GROUP PLC P 2008-01-02 2010-09-22
WATSON PHARMACEUTICALS INC P 2008-07-17 2010-09-27
ACCOR SA UNSPON ADR P 2009-04-08 2010-10-07
ADECCO SA-CHF P 2009-03-03 2010-10-21
APPLE INC P 2009-03-11 2010-10-18
BRITISH SKY BROADCASTING GROUP P 2008-01-02 2010-10-25
CAP GEMINI S A-ADR P 2008-09-26 2010-10-27
GOLDMAN SACHS GROUP INC P 2009-07-20 2010-10-18
JABIL CIRCUIT INC P 2010-07-15 2010-10-13
LOCKHEED MARTIN CORP P 2008-01-02 2010-10-27
NATIONAL OILWELL VARCO INC P 2010-08-13 2010-10-19
NESTLE S A SPONSORED ADR P 2008-01-02 2010-10-22
NETAPP INC P 2010-06-16 2010-10-27
NOVARTIS AG ADR P 2008-01-02 2010-10-29
PACTIV CORP P 2010-02-09 2010-10-08
FLEXTRONICS INTL LTD P 2008-01-02 2010-11-08
AUTOZONE INC P 2008-10-30 2010-11-16
BANK NEW YORK MELLON CORP P 2009-09-08 2010-11-08
CHEVRON CORP P 2008-01-02 2010-11-08
CORNING INC P 2009-05-27 2010-11-16
EXXON MOBIL CORP P 2008-09-03 2010-11-08
HESS CORP P 2009-10-23 2010-11-08
HONEYWELL INTL INC P 2009-07-08 2010-11-08
JOHNSON CONTROLS INC P 2010-06-02 2010-11-10
NATIONAL OILWELL VARCO INC P 2010-08-13 2010-11-08
ON SEMICONDUCTOR CORP P 2010-05-10 2010-11-08
3M COMPANY P 2009-09-09 2010-11-22
GENPACT LTD P 2008-11-20 2010-12-20
ALTRIA GROUP INC P 2008-12-05 2010-12-02
BUCYRUS INTERNATIONAL INC P 2009-12-22 2010-12-20
CARTERS INC P 2009-07-21 2010-12-20
COMMERCE BANCSHARES INC P 2009-11-06 2010-12-20
EMERSON ELECTRIC CO P 2010-02-16 2010-12-07
HONEYWELL INTL INC P 2009-07-08 2010-12-09
MAN SE-EUR P 2010-05-05 2010-12-06
MATTEL INC DE P 2010-03-12 2010-12-06
MCKESSEN CORPORATION P 2009-09-24 2010-12-17
MICHELIN CGDE UNSPON ADR P 2010-01-01 2010-10-21
STERIS CORP P 2008-11-20 2010-12-20
VIVENDI SA SPONSORED ADR P 2008-10-20 2010-12-20
WESTERN UNION COMPANY P 2008-12-19 2010-12-09
ACE LIMITED P 2008-01-02 2011-01-25
CHECK POINT SOFTWARE TECH P 2008-01-02 2011-01-24
AMERIPRISE FINANCIAL INC P 2008-10-02 2011-01-14
AMERIPRISE FINANCIAL INC P 2010-07-26 2011-01-18
APACHE CORP P 2010-05-17 2011-01-04
APPLIED MATERIALS INC DELAWARE P 2009-10-01 2011-01-19
BAXTER INTL INC P 2009-12-22 2011-01-27
BMW UNSPONSORED ADR P 2009-12-21 2011-01-20
BRAMBLES LTD- AUD P 2009-03-30 2011-01-27
FAMILY DOLLAR STORES INC P 2008-09-26 2011-01-27
FAMILY DOLLAR STORES INC P 2010-11-16 2011-01-27
HALLIBURTON CO HOLDINGS CO P 2010-11-08 2011-01-04
HONEYWELL INTL INC P 2009-07-08 2011-01-04
HUTCHINSON WHAMPOA LTD-ADR P 2008-01-02 2011-01-20
NATIONAL OILWELL VARCO INC P 2010-08-13 2011-01-04
NESTLE S A SPONSORED ADR P 2008-01-02 2011-01-24
OMNICOM GROUP INC P 2010-05-12 2011-01-18
ON SEMICONDUCTOR CORP P 2010-05-10 2011-01-04
PHILLIP MORRIS INTL INC P 2008-01-02 2011-01-10
ROLLS ROYCE GROUP PLC P 2008-01-02 2011-01-24
SIEMENS A G SPONS ADR P 2008-01-02 2011-01-24
UNITED PARCEL SERVICE CL B P 2010-06-25 2011-01-06
BROADCOM CORP CL A P 2010-02-16 2011-02-08
CVS CAREMARK CORP P 2008-01-02 2011-02-07
CHEVRON CORP P 2009-02-11 2011-02-23
DEVON ENERGY CORP NEW P 2009-08-07 2011-02-02
EXXON MOBIL CORP P 2008-09-03 2011-02-23
EXXON MOBIL CORP P 2010-06-30 2011-02-25
HALLIBURTON CO HOLDINGS CO P 2010-11-08 2011-02-18
HESS CORP P 2009-10-23 2011-02-02
JOHNSON & JOHNSON P 2008-01-02 2011-02-16
NATIONAL AUSTRALIA BK P 2008-01-02 2011-02-02
NATIONAL OILWELL VARCO INC P 2010-08-13 2011-02-18
NORDEA BANK SWEDEN AB P 2009-04-15 2011-02-02
SKYWORKS SOLUTIONS INC P 2010-11-24 2011-02-16
TARGET CORP P 2008-01-02 2011-02-18
SEAGATE TECHNOLOGY PLC P 2010-02-03 2011-03-03
WILLIS GROUPS HLDGS PLC P 2009-01-30 2011-03-03
CHECK POINT SOFTWARE TECH P 2008-01-02 2011-03-11
AETNA INC NEW P 2008-11-05 2011-03-03
ALTERA CORP P 2010-03-12 2011-03-03
AMGEN INC P 2008-10-29 2011-03-21
ARCHER-DANIELS-MIDLAND CO P 2010-01-11 2011-03-03
CATERPILLAR INC P 2010-06-16 2011-03-21
CHINA TELECOM CORP LTD P 2008-01-02 2011-03-31
DST SYS INC DEL P 2009-05-18 2011-03-09
FEDERATED INVS INC PA P 2008-01-02 2011-03-17
GRAFTECH INTERNATIONAL LTD P 2008-01-02 2011-03-17
HELMERICH & PAYNE INC P 2008-02-22 2011-03-03
KBR INC P 2009-05-11 2011-03-03
MDU RESOURCES GROUP INC P 2008-01-02 2011-03-17
NESTLE S A P 2008-01-02 2011-03-11
NETAPP INC P 2010-06-16 2011-03-03
NIKE INC CL B P 2010-10-13 2011-03-03
PEARSON PLC P 2008-01-02 2011-03-18
SIEMENS A G P 2008-01-02 2011-03-11
SPRINT NEXTEL CORP P 2011-01-10 2011-03-14
STARBUCKS CORP P 2010-05-04 2011-03-18
SWISS REINSURANCE SPON ADR P 2008-01-02 2011-03-17
TELLABS INC P 2010-04-06 2011-03-17
UNITED STATES STEEL CORP NEW P 2010-12-13 2011-03-25
WOLSELLEY PLC SPON ADR P 2009-06-03 2011-03-14
COOPER INDUSTRIES PLC P 2009-09-15 2011-04-08
PLATINUM UNDERWRITERS HOLDINGS P 2008-11-20 2011-04-08
ABBOTT LABORATORIES P 2008-05-01 2011-04-15
ADECCO SA-CHF P 2009-03-03 2011-04-06
AMERICAN FINL GROUP INC P 2008-01-02 2011-04-08
AMERISOURCEBERGEN CORP P 2008-01-02 2011-04-08
BMC SOFTWARE INC P 2008-02-22 2011-04-08
BRINKS COMPANY P 2008-04-22 2011-04-08
CENTURYLINK INC P 2008-01-02 2011-04-08
COGO CROUP INC P 2009-04-27 2011-04-08
COMMERCE BANCSHARES INC P 2009-11-06 2011-04-08
CUMMINS INC P 2010-05-14 2011-04-08
DEERE & CO P 2010-03-30 2011-04-08
DIGITAL REALITY TR INC P 2008-04-22 2011-04-08
DREAMWORKS ANIMATION INC CL A P 2008-05-30 2011-04-08
EMC CORP-MASS P 2009-02-18 2011-04-08
EATON CORP P 2009-11-25 2011-04-08
ENERGEN CORP P 2008-01-02 2011-04-08
FMC CORP- NEW P 2008-01-02 2011-04-08
HCC INSURANCE HOLDINGS INC P 2008-01-02 2011-04-08
HARRIS CORP P 2008-11-13 2011-04-08
JOY GLOBAL INC P 2009-08-04 2011-04-08
LABORATORY CORP AMER HLDGS NEW P 2008-01-02 2011-04-08
NATIONAL FUEL GAS CO P 2009-07-21 2011-04-08
NATIONAL GRID PLC P 2008-10-23 2011-04-29
NORFOLK SOUTHERN CORP P 2009-03-02 2011-04-19
OCCIDENTAL PETROLEUM CORP P 2009-05-19 2011-04-08
ORACLE CORP P 2008-01-02 2011-04-08
PALL CORP P 2009-07-21 2011-04-08
PARKER-HANNIFIN CORP P 2010-04-14 2011-04-08
POLYPORE INTL INC P 2010-06-25 2011-04-08
PORTUGAL TELECOM P 2008-01-02 2011-04-08
REPSOL S A P 2008-01-02 2011-04-08
ROSS STORES INC DE P 2008-08-26 2011-04-08
SAP AG SPONS ADR P 2008-01-02 2011-04-08
SPRINT NEXTEL CORP P 2011-01-10 2011-04-29
TIBCO SOFTWARE INC P 2009-04-27 2011-04-08
VISHAY INTERTECHNOLOGY INC P 2009-12-22 2011-04-08
WALTER ENERGY INC P 2010-02-16 2011-04-08
WATERS CORP P 2008-01-02 2011-04-08
WOLVERINE WORLD-WIDE INC P 2008-05-30 2011-04-08
CHECK POINT SOFTWARE TECH P 2008-01-02 2011-05-06
AETNA INC NEW P 2008-11-05 2011-05-16
CVS CAREMARK CORP P 2008-01-02 2011-05-12
COMPUTER SCIENCES CORP P 2011-01-06 2011-05-09
DEERE & CO P 2010-03-30 2011-05-18
EXPRESS SCRIPTS INC- COMMON P 2010-09-28 2011-05-27
LEXMARK INTL GROUP INC CL A P 2010-06-03 2011-05-11
OSHKOSH TRUCK CORP P 2010-12-07 2011-05-11
RALCORP HLDGS INC NEW P 2009-11-25 2011-05-04
RALCORP HLDGS INC NEW P 2010-05-25 2011-05-23
SAGE GROUP PLC UNCPON ADR P 2009-10-12 2011-05-09
SAGE GROUP PLC UNCPON ADR P 2011-04-08 2011-05-09
SPRINT NEXTEL GROUP P 2011-01-10 2011-05-24
SUEZ ENVIRONMENT CO P 2008-11-12 2011-05-16
UNITEDHEALTH GROUP INC P 2009-12-09 2011-05-11
PLATINUM UNDERWRITERS HOLDINGS P 2008-11-20 2011-06-23
NOBLE CORPORATION P 2008-01-02 2011-06-23
NOBLE CORPORATION P 2010-06-25 2011-06-23
ABBOTT LABORATORIES P 2009-06-05 2011-06-29
BMW UNSPON ADR P 2009-12-21 2011-06-13
BRITISH SKY BROADCASTING P 2008-01-02 2011-06-23
CHEESECAKE FACTORY P 2010-03-18 2011-06-23
CHEUNG KONG HOLDING-ADR P 2008-01-02 2011-06-23
DARDEN RESTAURANTS INC P 2010-11-10 2011-06-10
DREAMWORKS ANIMATION INC P 2008-05-30 2011-06-23
FUEL SYSTEMS SOLUTION INC P 2010-09-27 2011-06-23
INSITUFORM TECHNOLOGIES INC P 2010-09-27 2011-06-23
INTESA SANPAOLO S P A P 2011-06-01 2011-06-20
MUNICH RE GROUP UNSPON ADR P 2008-10-23 2011-06-03
NEXEN INC P 2011-04-29 2011-06-21
NORFOLK SOUTHERN CORP P 2009-05-07 2011-06-17
PAR PHARMACEUTICALS COMPANIES P 2010-03-30 2011-06-23
VINCI S.A. ADR P 2008-06-09 2011-06-07
WESTERN UNION COMPANY P 2008-12-19 2011-06-29
CHECK POINT SOFTWARE TECH P 2008-01-02 2011-07-28
ADECCO SA-CHF P 2009-04-24 2011-07-27
COACH INC P 2008-06-09 2011-07-26
EAST JAPAN RY CO P 2011-03-16 2011-07-28
FUJIFILM HLDGS CORP P 2008-01-02 2011-07-15
LIMITED BRANDS INC P 2011-03-04 2011-07-11
NATIONAL OILWELL VARCO INC P 2010-08-17 2011-07-26
OCCIDENTAL PETROLEUM CORP-DEL P 2009-05-19 2011-07-28
QLOGIC CORP P 2010-01-21 2011-07-11
QLOGIC CORP P 2011-04-08 2011-07-11
REED ELSEVIER NV P 2008-01-02 2011-07-08
ROSS STORES INC DE P 2008-08-26 2011-07-26
TERADATA CORP P 2011-03-04 2011-07-11
WHIRLPOOL CORP P 2011-01-28 2011-07-15
SENTINAL SH MATURITY GOV FUND P 2009-12-15 2011-04-25
WILLIS GROUP HLDGS PLC P 2009-01-30 2011-08-23
ACE LIMITED P 2008-01-02 2011-08-23
ANALOG DEVICES INC P 2011-07-26 2011-08-26
AUTOZONE INC P 2008-10-30 2011-08-26
WTS BANK OF AMERICA CORP P 2010-04-29 2011-08-15
WTS BANK OF AMERICA CORP P 2010-10-12 2011-08-15
CB RICHARD ELLIS GROUP P 2010-09-27 2011-08-17
CARDINAL HEALTH INC P 2010-12-20 2011-08-09
DOLLAR TREE INC P 2009-03-02 2011-08-23
DRESSER-RAND GROUP INC P 2011-06-10 2011-08-29
G4S PLC UNSPON ADR P 2008-11-07 2011-08-12
HEWLETT PACKARD CO P 2008-01-02 2011-08-23
HONEYWELL INTL INC P 2009-07-15 2011-08-03
MOTOROLA MOBILITY HOLDINGS INC P 2011-02-25 2011-08-15
OWENS ILLINOIS INC NEW P 2010-07-02 2011-08-16
OWENS ILLINOIS INC NEW P 2011-04-08 2011-08-16
TEXAS INSTRUMENTS INC P 2009-06-29 2011-08-15
UNILEVER NV NY P 2008-01-02 2011-08-23
VODAFONE GROUP PLC P 2008-01-02 2011-08-23
WALTER ENERGY INC P 2010-02-16 2011-08-26
ACCOR SA UNSPON P 2010-07-01 2010-08-01
(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 1,386   1,311 75
b 1,720   1,765 -45
c 2,217   2,044 173
d 670   648 22
e 1,265   1,364 -99
1,010   1,051 -41
2,175   1,223 952
1,694   1,860 -166
1,296   1,130 166
2,048   2,180 -132
175   90 85
2,194   2,183 11
396   289 107
1,139   970 169
133   112 21
383   550 -167
1,677   1,100 577
260   270 -10
232   116 116
316   93 223
662   723 -61
400   405 -5
1,530   1,597 -67
2,125   2,161 -36
1,908   2,862 -954
333   278 55
485   413 72
529   412 117
290   272 18
1,189   823 366
523   849 -326
1,249   620 629
252   255 -3
1,522   1,300 222
1,679   1,434 245
1,545   1,475 70
844   712 132
147   89 58
2,706   2,109 597
693   477 216
347   324 23
2,548   2,196 352
1,679   826 853
2,745   1,835 910
1,700   1,108 592
1,257   984 273
15   14 1
2,570   2,106 464
154   89 65
342   240 102
2,583   2,271 312
2,408   2,034 374
15     15
1,090   814 276
355   368 -13
74   56 18
1,363   1,348 15
454   219 235
2,734   1,228 1,506
549   347 202
1,940   1,499 441
183   156 27
989   1,176 -187
199   122 77
432   211 221
1,806   1,124 682
301   337 -36
690   566 124
1,554   857 697
119   112 7
398   238 160
224   184 40
2,411   2,227 184
455   348 107
2,709   2,502 207
251   272 -21
125   157 -32
2,538   2,104 434
3,108   2,137 971
996   1,184 -188
412   283 129
629   447 182
2,917   2,138 779
513   343 170
527   366 161
422   297 125
2,062   2,245 -183
346   458 -112
640   320 320
360   192 168
588   416 172
1,244   1,144 100
1,470   2,186 -716
465   300 165
290   131 159
39   25 14
838   474 364
1,542   1,733 -191
596   494 102
965   574 391
610   703 -93
2,114   1,632 482
1,100   1,758 -658
1,492   1,299 193
768   510 258
531   266 265
1,153   1,454 -301
222   184 38
2,311   1,811 500
2,515   2,295 220
274   232 42
379   471 -92
461   412 49
3,115   2,335 780
804   1,069 -265
756   1,197 -441
4,421   4,431 -10
428   227 201
536   300 236
112   83 29
518   510 8
331   187 144
214   172 42
814   447 367
919   582 337
234   271 -37
162   163 -1
98   104 -6
123   106 17
649   435 214
955   614 341
680   474 206
110   125 -15
573   262 311
971   587 384
189   195 -6
595   375 220
256   224 32
202   140 62
1,378   564 814
278   226 52
370   197 173
256   264 -8
3,009   1,310 1,699
310   188 122
334   226 108
350   169 181
475   352 123
564   233 331
24   26 -2
177   183 -6
913   511 402
254   203 51
483   408 75
1,306   319 987
465   195 270
846   470 376
175   153 22
480   371 109
388   153 235
262   149 113
381   395 -14
2,721   3,159 -438
2,420   1,718 702
2,632   2,196 436
2,283   2,774 -491
2,166   2,446 -280
2,664   1,739 925
965   651 314
425   342 83
111   108 3
638   493 145
377   278 99
449   261 188
776   662 114
1,048   1,592 -544
187   147 40
1,621   1,389 232
534   290 244
534   482 52
2,552   2,301 251
277   359 -82
2,690   2,721 -31
527   783 -256
666   1,122 -456
936   1,189 -253
37     37
633   485 148
2,544   3,143 -599
1,167   597 570
1,473   1,154 319
170   193 -23
769   548 221
466   175 291
180   125 55
595   317 278
374   332 42
183   251 -68
595   484 111
997   477 520
2,727   1,695 1,032
1,857   2,265 -408
549   602 -53
503   811 -308
384   197 187
536   448 88
2,424   2,867 -443
4,000   4,026 -26
254   175 79
370   368 2
2,311   3,015 -704
596   248 348
785   2,134 -1,349
234   452 -218
1,395   1,892 -497
2,410   2,437 -27
1,181   473 708
2,125   2,593 -468
492   391 101
1,513   3,067 -1,554
2,198   1,412 786
4,168   3,313 855
1,692   2,566 -874
223   353 -130
2,327   1,808 519
820   717 103
632   844 -212
1,487   1,488 -1
126     126
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       75
b       -45
c       173
d       22
e       -99
      -41
      952
      -166
      166
      -132
      85
      11
      107
      169
      21
      -167
      577
      -10
      116
      223
      -61
      -5
      -67
      -36
      -954
      55
      72
      117
      18
      366
      -326
      629
      -3
      222
      245
      70
      132
      58
      597
      216
      23
      352
      853
      910
      592
      273
      1
      464
      65
      102
      312
      374
      15
      276
      -13
      18
      15
      235
      1,506
      202
      441
      27
      -187
      77
      221
      682
      -36
      124
      697
      7
      160
      40
      184
      107
      207
      -21
      -32
      434
      971
      -188
      129
      182
      779
      170
      161
      125
      -183
      -112
      320
      168
      172
      100
      -716
      165
      159
      14
      364
      -191
      102
      391
      -93
      482
      -658
      193
      258
      265
      -301
      38
      500
      220
      42
      -92
      49
      780
      -265
      -441
      -10
      201
      236
      29
      8
      144
      42
      367
      337
      -37
      -1
      -6
      17
      214
      341
      206
      -15
      311
      384
      -6
      220
      32
      62
      814
      52
      173
      -8
      1,699
      122
      108
      181
      123
      331
      -2
      -6
      402
      51
      75
      987
      270
      376
      22
      109
      235
      113
      -14
      -438
      702
      436
      -491
      -280
      925
      314
      83
      3
      145
      99
      188
      114
      -544
      40
      232
      244
      52
      251
      -82
      -31
      -256
      -456
      -253
      37
      148
      -599
      570
      319
      -23
      221
      291
      55
      278
      42
      -68
      111
      520
      1,032
      -408
      -53
      -308
      187
      88
      -443
      -26
      79
      2
      -704
      348
      -1,349
      -218
      -497
      -27
      708
      -468
      101
      -1,554
      786
      855
      -874
      -130
      519
      103
      -212
      -1
      126
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 26,998
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))
2009 18,999 1,151,765 0.016496
2008 101,537 1,025,432 0.099019
2007 52,090 1,219,900 0.0427
2006 103,653 1,201,241 0.086288
2005 36,400 1,056,316 0.034459
2 Total of line 1, column (d) ...................... 2 0.278962
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 0.055792
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 1,319,393
5 Multiply line 4 by line 3....................... 5 73,612
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 481
7 Add lines 5 and 6......................... 7 74,093
8 Enter qualifying distributions from Part XII, line 4.............. 8 44,938
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 (2010)
Form 990-PF (2010)
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 1 962
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............................ 3 962
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- ..... 5 962
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 524
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,524
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,562
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,562 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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIA
    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 2010 or the taxable year beginning in 2010 (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 ofbulletDEBORAH MCCONNELL Telephone no.bullet (515) 986-4574
    Located atbullet7295 NW 100TH STREETGRIMESIA ZIP+4bullet50111
    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 2010, 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 (2010)
    Form 990-PF (2010)
    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 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    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 2010 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 2010.)....................
    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 2010?
    4b
     
     
    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
     
     
    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
     
    No
    Form 990-PF (2010)
    Form 990-PF (2010)
    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
    RICHARD L MCCONNELL TRUSTEE
    0     		0 0 0
    7295 NW 100TH STREET
    GRIMES,IA50111
    DEBORAH K MCCONNELL TRUSTEE
    0     		0 0 0
    7295 NW 100TH STREET
    GRIMES,IA50111
    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
     
    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
     
    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 (2010)
    Form 990-PF (2010)
    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.)
    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
    1,178,359
    b
    Average of monthly cash balances.......................
    1b
    161,126
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,339,485
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    1,339,485
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    20,092
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,319,393
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    65,970
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    65,970
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    962
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    962
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    65,008
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    65,008
    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
    65,008
    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
    44,938
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    44,938
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    44,938
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 65,008
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008....... 9,795
    e From 2009.......  
    fTotal of lines 3a through e......... 9,795
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 44,938
    a Applied to 2009, but not more than line 2a 0
    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 2010 distributable amount..... 44,938
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 9,795 9,795
    (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  
    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 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		10,275
    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 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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).)
    RICHARD MCCONNELL
    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:
    Deborah K McConnell
    1295 NW 100th Street
    Grimes,IA50111
    (515) 986-4574
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2010)
    Form 990-PF (2010)
    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
    ISU Foundation
    2502 University Boulevard
    Ames,IA50010     		  Public Charity Operating Expenses 38,750
    Total .................................bullet 3a 38,750
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 8,374  
    4 Dividends and interest from securities....     14 18,660  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 26,998  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aUS TREASURY REFUND       477  
    bMISC INCOME       696  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   55,205  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1355,205
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    Richard L McConnell Family Foundation
     
    Employer identification number

    42-1493274
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    Richard L McConnell Family Foundation
          		Employer identification number

    42-1493274
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    RICHARD L DEBORAH K MCCONNELL    
    7295 NW 100TH STREET
       
    GRIMES, IA   50111

    		$75,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    Richard L McConnell Family Foundation
          		Employer identification number

    42-1493274
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    Richard L McConnell Family Foundation
          		Employer identification number

    42-1493274
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,880 1,440   1,440

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

    TY 2010 DepreciationSchedule
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2010 InvestmentsOtherSchedule2
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCRUED INT 90-15   0 0
    EXCHANGE TRADED & CLOSE ENDED   0 0
    MUTUAL FUNDS   0 0
    CITIBANK MLD 90-15   0 0
    CERTIFICATES OF DEPOSIT 90-15   0 0
    GOVERNMENT & GSE BONDS   0 0
    BANK DEPOSIT PROGRAM 91-14   0 0
    COMMON STOCK 91-14   0 0
    UNSETTLED PURCHASE/SALE 91-14   0 0
    BANK DEPOSIT PROGRAM 92-13   0 0
    MUTUAL FUNDS 92-13   0 0
    EXCHANGE TRADED CLOSE END FUND   0 0
    UNIT INVESTMENT TRUSTS   0 0
    MUTUAL FUND 461-12   265,484 271,766
    EXCHANGE TRADED CLOSE END FUND   29,671 41,856
    UNIT INVESTMENT TRUSTS   54,241 55,476
    COMMON STOCK/OPTIONS 461-13   396,712 410,800
    ACCRUED INT-BONDS/CDS 461-14   706 706
    EXCHANGE TRADED CLOSE END FUND   81,975 72,230
    MUTUAL FUNDS   44,403 44,357
    OTHER INVESTMENTS   76,753 91,850
    GOVERNEMENT & GSE BONDS   23,789 29,306
    CERTIFICATES OF DEPOSIT   150,000 152,116

    TY 2010 LandEtcSchedule2
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherIncomeSchedule2
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    US Treasury Refund 477    
    Misc Income 696 696  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 9,515 4,757   4,748


    TY 2010 TaxesSchedule
    Name:
    Richard L McConnell Family Foundation
    EIN: 42-1493274
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 444 444    
    FEDERAL TAX PAID 918