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 06-01-2010 , and ending 05-31-2011
G
Check all that apply:
Name of foundation
RHEINSTROM HILL COMMUNITY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)502 UNION STREET   Room/suite
City or town, state, and ZIP code
HUDSON, NY12534
A Employer identification number

14-1683989
B Telephone number (see page 10 of the instructions)

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$1,894,736J 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) 348,532
2 Check bullet
3 Interest on savings and temporary cash investments 11,227 11,227  
4 Dividends and interest from securities...... 20,780 20,780  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,961
b Gross sales price for all assets on line 6a 329,704
7 Capital gain net income (from Part IV, line 2)... 15,961
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 396,500 47,968  
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)....... 7,860      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 327      
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 431      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,618 0   0
25 Contributions, gifts, grants paid........ 263,989 263,989
26 Total expenses and disbursements. Add lines 24 and 25 272,607 0   263,989
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 123,893
b Net investment income (if negative, enter -0-) 47,968
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............... 141,534 71,963 71,963
2 Savings and temporary cash investments.......... 290,320 294,800 294,800
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)........ 934,112 Click to see attachment1,223,246 1,474,684
c Investments—corporate bonds (attach schedule)........ 150,153 Click to see attachment50,003 53,289
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,516,119 1,640,012 1,894,736
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,516,119 1,640,012
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,516,119 1,640,012
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,516,119 1,640,012
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 1,516,119
2 Enter amount from Part I, line 27a...................... 2 123,893
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,640,012
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 1,640,012
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 SHORT TERM SALES-SEE ATTACHED   2011-01-01 2011-05-31
b LONG TERM SALES-SEE ATTACHED   2010-01-01 2011-05-31
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 54,457   52,480 1,977
b 275,247   261,263 13,984
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       1,977
b       13,984
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 15,961
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 242,162 1,435,729 0.168668
2008 225,069 1,382,527 0.162795
2007 263,793 1,923,917 0.137112
2006 260,386 1,771,869 0.146956
2005 311,507 1,726,278 0.18045
2 Total of line 1, column (d) ...................... 2 0.795981
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 0.159196
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 1,516,599
5 Multiply line 4 by line 3....................... 5 241,436
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 480
7 Add lines 5 and 6......................... 7 241,916
8 Enter qualifying distributions from Part XII, line 4.............. 8 263,989
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 1 480
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............................ 3 480
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- ..... 5 480
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 400
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 80
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 480
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  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbullet  
    14
    The books are in care ofbulletRICHARD KOSKEY Telephone no.bullet (518) 828-1565
    Located atbullet502 UNION STREETHUDSONNY ZIP+4bullet12534
    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
     
    No
    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
     
    No
    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
     
    No
    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
     
    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
     
    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 KOSKEY PRESIDENT
    2.0     		0 0 0
    502 UNION STREET
    HUDSON,NY12534
    ED HERRINGTON VICE-PRES.
    1.0     		0 0 0
    502 UNION STREET
    HUDSON,NY12534
    JEAN HOWE LOSSI SECRETARY
    1.0     		0 0 0
    502 UNION STREET
    HUDSON,NY12534
    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
    1,322,804
    b
    Average of monthly cash balances.......................
    1b
    216,890
    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
    1,539,694
    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
    1,539,694
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    23,095
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,516,599
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    75,830
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    75,830
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    480
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    480
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    75,350
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    75,350
    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
    75,350
    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
    263,989
    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
    263,989
    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
    480
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    263,509
    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 75,350
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 228,747
    b From 2006....... 174,879
    c From 2007....... 169,461
    d From 2008....... 157,305
    e From 2009....... 171,170
    fTotal of lines 3a through e......... 901,562
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 263,989
    a Applied to 2009, 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 2010 distributable amount..... 75,350
    e Remaining amount distributed out of corpus 188,639
    5 Excess distributions carryover applied to 2010.    
    (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 1,090,201
    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 ...........     		 
    f Undistributed income for 2010. 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 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		228,747
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		861,454
    10 Analysis of line 9:
    a Excess from 2006.... 174,879
    b Excess from 2007.... 169,461
    c Excess from 2008.... 157,305
    d Excess from 2009.... 171,170
    e Excess from 2010.... 188,639
    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).)
    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:
    RICHARD KOSKEY
    502 UNION STREET
    HUDSON,NY12534
    (518) 828-1565
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER STATING PURPOSE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GENERALLY FOR BETTERMENT OF COLUMBIA COUNTY, NEW YORK
    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
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE PUBLIC PROGRAM FUNDING 670
    WMHT
    4 GLOBAL VIEW
    TROY,NY12180     		NONE PUBLIC PROGRAM FUNDING 150
    WAMC
    318 CENTRAL AVE
    ALBANY,NY12206     		NONE PUBLIC PROGRAM FUNDING 200
    DARTMOUTH COLLEGE
    MAIN ST
    HANOVER,NH03755     		NONE PUBLIC PROGRAM FUNDING 1,000
    WGXC
    704 COLUMBIA STREET 2ND FLOOR
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 100
    HUDSON OPERA HOUSE
    327 WARREN ST
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 5,050
    ALIGHT PREGNANCY CENTER
    192 FAIRVIEW AVENUE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 1,500
    ZION FAITH FOOD PANTRY
    PO BOX 1058
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,000
    BOY SCOUT TROOP 102
    AMERICAN LEGION
    7 FAIRVIEW AVE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 1,500
    NORTHEAST COMMUNITY CENTER
    PO BOX 35
    51 SOUTH CENTER STREET
    MILERTON,NY12546     		NONE PUBLIC PROGRAM FUNDING 5,000
    HUDSON DAY CARE CENTER
    10-12 Warren Street
    Hudson,NY12534     		NONE PUBLIC PROGRAM FUNDING 5,000
    TSL
    PO BOX 343
    434 COLUMBIA STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 5,000
    HUDSON BLUEHAWK AFTERSCHOOL PROGRAM
    HUDSON CITY SCHOOL DISTRICT
    102 HARRY HOWARD AVE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,500
    COL-GREENE HUMANE SOCIETY
    125 HUMANE SOCIETY ROAD
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,000
    TACONIC HILLS CENTER SCHOOL
    73 County Route 11A
    Craryville,NY12521     		NONE PUBLIC PROGRAM FUNDING 100,000
    FAMILY RESOURCE OF COL COUNTY
    PO BOX 319
    CHATHAM,NY12037     		NONE PUBLIC PROGRAM FUNDING 2,245
    IRONDALE CEMETERY
    PO BOX 6
    MILLERTONN,NY12546     		NONE PUBLIC PROGRAM FUNDING 5,000
    CHATHAM AREA SILENT FOOD PANTRY
    PO BOX 8
    EAST CHATHAM,NY12060     		NONE PUBLIC PROGRAM FUNDING 2,000
    PHILMONT FOOD PANTRY
    2449 MARTINDALE ROAD
    HILLSDALE,NY12529     		NONE PUBLIC PROGRAM FUNDING 2,000
    GHENT FOOD PANTRY
    ROUTE 66
    GHENT,NY12075     		NONE PUBLIC PROGRAM FUNDING 2,000
    GERMANTOWN FOOD PANTRY
    40 ANCHORAGE ROAD
    GERMANTOWN,NY12526     		NONE PUBLIC PROGRAM FUNDING 2,000
    COLUMBIA OPPORTUNITIES
    540 COLUMBIA STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,000
    CATHOLIC CHARITIES OF COL-GREENE
    431 EAST ALLEN STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,000
    COLUMBIA CHILDREN'S CENTER
    142 UNION TURNPIKE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 4,000
    ECUMERICAL FOOD PANTRY
    PO BOX 267
    VALATIE,NY12184     		NONE PUBLIC PROGRAM FUNDING 2,000
    ROE-JAN FOOD PANTRY
    BOX 343
    HILLSDALE,NY12529     		NONE PUBLIC PROGRAM FUNDING 2,000
    SALVATION ARMY
    40 SOUTH 3RD STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 2,000
    AIDS COUNCIL OF NENY
    160 FAIRIEW AVENUE
    SUITE 204
    HUDSON,NY12534     		NONE PUBLIC PUBLIC FUNDING 2,000
    ELIZAVILLE UNITED METHODIST CHURCH
    740 COUNTY ROUTE 2
    ELIZAVILLE,NY12523     		NONE PUBLIC PUBLIC FUNDING 2,000
    BERKSHIRE TACONIC COMM FDN
    271 MAINE STREET
    SUITE 3
    GREAT BARRINGTON,MA01230     		NONE PUBLIC PUBLIC FUNDING 5,000
    COARC
    PO BOX 2
    630 ROUTE 217
    MELLENVILLE,NY12544     		NONE PUBLIC PROGRAM FUNDING 10,000
    FRIENDS OF TACONIC STATE PARK
    PO BOX 222
    COPAKE FALLS,NY12517     		NONE PUBLIC PROGRAM FUNDING 5,000
    COLUMBIA COUNTY HISTORICAL SOCIETY
    PO BOX 311
    KINDERHOOK,NY12106     		NONE PUBLIC PROGRAM FUNDING 2,000
    COPAKE COMMUNITY SERVICE CORPORATION
    PO BOX 10
    COPAKE,NY12516     		NONE PUBLIC PROGRAM FUNDING 2,000
    COLUMBIA COUNTY COUNCIL ON THE ARTS
    209 WARREN STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 1,000
    HARLEM VALLEY RAIL TRAIL ASSOCIATION
    PO BOX 99
    COPAKE,NY12516     		NONE PUBLIC PROGRAM FUNDING 10,000
    DOLLARS FOR SCHOLARS
    PO BOX 44
    HOLLOWVILLE,NY12530     		NONE PUBLIC PROGRAM FUNDING 12,000
    STEVE KRIZAR
    121 GRANDVIEW DRIVE
    VALATIE,NY12184     		NONE PUBLIC PROGRAM FUNDING 2,000
    CHARLIE'S FOOD PANTRY
    PO BOX 218
    ROUTE 20
    NEW LEBANON,NY12125     		NONE PUBLIC PROGRAM FUNDING 2,000
    CORNELL COOPERATIVE EXT OF COLUMBIA COUNTY
    479 ROUTE 66
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 5,664
    TIME AND SPACE LIMITED
    434 COLUMBIA STREET
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 500
    WINDHAM CHAMBER ORCHESTRA
    740 COUNTY ROUTE 32C
    WINDHAM,NY12496     		NONE PUBLIC PROGRAM FUNDING 660
    THOMAS COLE NATIONAL HIST
    218 SPRING STREET
    CATSKILL,NY12414     		NONE PUBLIC PROGRAM FUNDING 11,500
    THE OLANA PARTNERSHIP
    5720 NEW YORK 9G
    HUDSONN,NY12534     		NONE PUBLIC PROGRAM FUNDING 250
    WNYC
    1 CENTRE STREET
    26TH FLOOR
    NEW YORK,NY10007     		NONE PUBLIC PROGRAM FUNDING 120
    CATSKILL MT FOUNDATION
    7950 MAIN STREET
    HUNTER,NY12242     		NONE PUBLIC PROGRAM FUNDING 100
    GREENE COUNTY COUNCIL ON THE ARTS
    PO BOX 463
    398 MAIN STREET
    CATSKILL,NY12414     		NONE PUBLIC PROGRAM FUNDING 450
    COMMUNITY HOSPICE OF COLUMBIA GREENE
    47 LIBERTY STREET
    CATSKILL,NY12414     		NONE PUBLIC PROGRAM FUNDING 250
    THE LEUKEMIA & LYMPHOMA SOCIETY
    1311 MAMORONECK AVE SUITE 310
    WHITE PLAINS,NY10605     		NONE PUBLIC PROGRAM FUNDING 200
    WILDERSTEIN HISTORIC SITE
    330 MORTON ROAD
    RHINEBECK,NY12572     		NONE PUBLIC PROGRAM FUNDING 400
    TEAM FOR KIDS
    845 THIRD AVENUE 11TH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC PROGRAM FUNDING 100
    CLOSE ENCOUNTERS WITH MUSIC
    PO BOX 34
    GREAT BARRINGTON,MA01230     		NONE PUBLIC PROGRAM FUNDING 500
    CATSKILL COMMUNITY CENTER
    344 MAIN STREET
    CATSKILL,NY12414     		NONE PUBLIC PROGRAM FUNDING 250
    COMMON GROUND
    505 EIGHTH AVE 15TH FLOOR
    NEW YORK,NY10018     		NONE PUBLIC PROGRAM FUNDING 250
    THE READING TEAM
    2090 ADAM CLAYTON POWELL JR BOULE
    NEW YORK,NY10027     		NONE PUBLIC PROGRAM FUNDING 250
    FRIENDS OF THE BEATTIE POWERS HOUSE
    PROSPECT AVE
    CATKILL,NY12414     		NONE PUBLIC PROGRAM FUNDING 350
    GREENE COUNTY HISTORICAL SOCIETY
    90 COUNTY ROUTE 42
    COXSACKIE,NY12051     		NONE PUBLIC PROGRAM FUNDING 1,000
    COLUMBIA MEMORIAL HOSPITAL FOUNDATION
    71 PROSPECT AVE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 1,000
    COLUMBIA GREENE HOSPITAL FOUNDATION
    71 PROSPECT AVE
    HUDSON,NY12534     		NONE PUBLIC PROGRAM FUNDING 1,300
    FRIENDS OF CLERMONT
    1 CLERMONT AVE
    GERMANTOWN,NY12526     		NONE PUBLIC PROGRAM FUNDING 150
    ATHENS CULTURAL CENTER
    24 2ND STREET
    ATHENS,NY12015     		NONE   PROGRAM FUNDING 500
    MAY FAMILY FOUNDATION
    502 UNION STREET
    HUDSON,NY12534     		NONE   PROGRAM FUNDING 22,330
    Total .................................bullet 3a 263,989
    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   11,227
    4 Dividends and interest from securities....     14   20,780
    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   15,961
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     47,968
    13Total. Add line 12, columns (b), (d), and (e)...................
    1347,968
    (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
    RHEINSTROM HILL COMMUNITY FOUNDATION
     
    Employer identification number

    14-1683989
    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
    RHEINSTROM HILL COMMUNITY FOUNDATION
          		Employer identification number

    14-1683989
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    IRENE AND CARROLL RHEINSTROM TRUST    
    502 UNION STREET
       
    HUDSON, NY   12534

    		$22,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    RHEINSTROM FUND    
    502 UNION STREET
       
    HUDSON, NY   12534

    		$326,532




    (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
    RHEINSTROM HILL COMMUNITY FOUNDATION
          		Employer identification number

    14-1683989
    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
    RHEINSTROM HILL COMMUNITY FOUNDATION
          		Employer identification number

    14-1683989
    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:  

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

    TY 2010 DepreciationSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    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 InvestmentsCorpBondsSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AVON PRODUCTS    
    COMCAST    
    MORGAN STANLEY 50,003 53,289

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PFIZER INC. 8,909 14,050
    PROCTOR & GAMBLE 4,499 10,385
    CISCO SYSTEMS    
    AVON PRODUCTS 7,010 6,388
    INTEL 5,585 7,203
    EXXON MOBIL CORP 5,149 17,111
    JOHNSON & JOHNSON    
    CITIGROUP INC 11,939 11,111
    SCHLUMBERGER LIMITED 3,841 12,001
    COLGATE PALMOLIVE CO    
    MEDTRONIC INC    
    VERIZON COMMUNICATIONS 6,734 7,386
    ACCENTURE LTD CLASS A 3,431 8,609
    APPLE COMPUTERS 5,218 27,826
    ABBOTT LABORATORIES    
    AIR PRODUCTS AND CHEMICALS 6,434 9,509
    CARNIVAL CORP 4,245 3,881
    EATON CORP 8,918 12,918
    CHEVRON CORP 6,550 10,491
    HONEYWELL INTL 6,763 9,528
    MORGAN STANLEY GROUP 6,106 2,899
    ISHARES TR MSCI EMER    
    ISHARES MSCI EAFE    
    UNITED TECHNOLOGIES 5,873 9,216
    TARGET CORP 5,986 4,953
    TEVA PHARMACEUTICAL    
    FREEPORT MCMORAN 1,993 5,164
    CORNING    
    CATERPILLAR 7,285 12,696
    GOOGLE INC 9,807 10,580
    JP MORGANCHASE 11,613 11,675
    JOHNSON CONTROLS 8,720 10,296
    AFLAC    
    AT&T 8,615 7,890
    AMERICAN EXPRESS 10,471 9,288
    CARDINAL HEALTH 6,288 5,450
    EMERSON ELECTRIC 6,827 7,637
    MERCK & CO    
    PHILIP MORRIS 3,166 5,381
    THERMO FISHER    
    GENERAL ELECTRIC 6,064 9,820
    HEWLETT PACKARD    
    KRAFT FOODS 6,854 9,617
    MASTERCARD INC    
    MICROSOFT CORP    
    OCCIDENTAL PETROLEUM 4,118 8,089
    PEPSICO INC 8,215 10,668
    SOUTHWESTERN ENERGY 3,342 4,377
    SEMPRA ENERGY 5,641 6,896
    UNION PAC CORP 4,760 10,497
    WALMART STORES    
    YUM! BRANDS INC 5,188 8,298
    ACE LTD    
    ALLERGAN INC    
    BNY MELLON SMALL CAP 63,275 66,632
    BNY MELLON BOND FUND 160,000 162,384
    BNY MELLON MID CAP 50,000 91,644
    CELANESE CORP 6,393 10,418
    COSTCO WHSL CORP 4,445 6,186
    DEERE & CO 6,131 8,608
    DREYFUS EMERGING MARKETS 155,000 176,613
    DREYFUS STRATEGIC INTL STOCK 120,000 149,026
    HALLIBURTON CO 6,214 10,030
    HOME DEPOT 7,197 7,256
    IBM 9,735 12,670
    INVESCO LTD 5,934 7,401
    INTL GAME TECH 6,132 5,172
    MARVELL TECH GROUP    
    PNC FINL SERVICES 6,838 6,242
    PLAINS EXPLORATION 6,016 7,370
    QUESTAR CORP    
    RESEARCH IN MOTION    
    STATE STREET CORP 6,056 6,866
    TEXAS INSTRUMENTS    
    US BANCORP 5,450 5,120
    VALERO ENERGY CORP 4,271 5,500
    WELLS FARGO & CO 10,292 9,220
    WALT DISNEY 10,165 10,824
    AGILENT TECHNOLOGIES 7,316 8,727
    ALLSTATE CORP 8,615 8,630
    BAXTER INTL 4,528 5,952
    BNY MELLON SMALL/MID CAP 30,000 39,832
    BNY MELLON INTERMEDIATE BOND 100,000 99,164
    BNY S/T US GOVT SECURITY FUND 50,000 49,959
    BB&T CORP 6,021 6,197
    COVIDIEN PLC 4,741 6,875
    COCA-COLA CO, 7,616 8,351
    CAMERON INT'L CORP 10,260 9,532
    EMC CORP 9,974 10,676
    HIGHBRIDGE DYNAMIC COMMODITIES 25,000 23,184
    HOSPIRA INC. 7,991 8,294
    JUNIPER NETWORDS INC 6,184 8,237
    NXP SEMICONDUCTORS 8,537 7,846
    QEP RESOURCES INC 3,290 4,350
    ROVI CORP 4,921 5,796
    RIVERBED TECHNOLOGY INC 6,167 5,688
    SALESFORCE.COM 6,064 7,613
    SHIRE PLC 6,390 7,168
    TERADATA CORP 6,594 11,158
    TAIWAN SEMICONDUCTOR MFG 5,418 7,171
    WATSON PHARMACEUTICALS 4,745 6,434
    WALGREEN CO 6,108 6,108
    ZIMMER HOLDINGS INC 5,065 6,776

    TY 2010 LandEtcSchedule2
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherExpensesSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 431      


    TY 2010 OtherIncomeSchedule2
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION      


    TY 2010 OtherLiabilitiesSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Description Beginning of Year - Book Value End of Year - Book Value
    CASH OVERDRAFT    


    TY 2010 TaxesSchedule
    Name:
    RHEINSTROM HILL COMMUNITY FOUNDATION
    EIN: 14-1683989
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL 77      
    STATE 250