TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

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

Amended returnAddress changeName change

Name of foundation
ANNA OSCHWALD TRUST

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044 Room/suite

City or town, state, and ZIP code
CHARLOTTE, NC28288

A Employer identification number

25-6626923

B Telephone number (see page 10 of the instructions)

(336) 747-8388

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$7,267,974J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	83		83
4	Dividends and interest from securities......	262,879		262,879
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		152,973
b	Gross sales price for all assets on line 6a 1,141,615
7	Capital gain net income (from Part IV, line 2)...			152,973
8	Net short-term capital gain.........				0
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........	415,935		415,935
13	Compensation of officers, directors, trustees, etc.	84,055		40,977		43,078
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		9,407	2,932		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	93,462		43,909	0	43,078
25	Contributions, gifts, grants paid........	247,530				247,530
26	Total expenses and disbursements. Add lines 24 and 25	340,992		43,909	0	290,608
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	74,943
b	Net investment income (if negative, enter -0-)			372,026
c	Adjusted net income (if negative, enter -0-)...				0

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

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

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	97,334	170,973	170,973
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	301,023
	b	Investments—corporate stock (attach schedule)........	4,985,086	797,831	983,416
	c	Investments—corporate bonds (attach schedule)........	0
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,836,327	6,312,143	6,113,585
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,219,770	7,280,947	7,267,974
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	7,219,770	7,280,947
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	7,219,770	7,280,947
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	7,219,770	7,280,947

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	7,219,770
2	Enter amount from Part I, line 27a.....................	2	74,943
3	Other increases not included in line 2 (itemize)	3	32,559
4	Add lines 1, 2, and 3..........................	4	7,327,272
5	Decreases not included in line 2 (itemize)	5	46,325
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	7,280,947

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	475. AGILENT TECHNOLOGIES INC COM	2009-12-18	2011-03-08
b	375. AMERICAN EXPRESS CO COM	2011-03-08	2011-10-17
c	1. BANK AMER CORP COM	2000-11-22	2011-03-08
d	350. CHUBB CORP COM	2009-02-25	2011-05-26
e	210. CIMAREX ENERGY CO	2011-03-08	2011-10-04
	340. CONSTELLATION ENERGY GRP INC COM	2010-11-23	2011-03-08
	1225. DISCOVER FINANCIAL SERVICES	2009-12-18	2011-03-08
	350. DOW CHEM CO COM	2011-03-08	2011-10-17
	40000. FED FARM CREDIT BK 2.450% 5/13/14	2010-05-21	2011-05-13
	50000. FED FARM CREDIT BK 2.125% 6/16/14	2010-06-22	2011-06-16
	40000. FED HOME LN MTG CORP 2.125% 10/29/13	2010-05-27	2011-04-29
	50000. FED NATL MTG ASSN 2.350% 7/14/15	2010-06-23	2011-01-14
	40000. FED NATL MTG ASSN 1.300% 12/28/12	2010-06-07	2011-06-28
	40000. FED NATL MTG ASSN 2.000% 4/19/13	2010-06-09	2011-10-19
	40000. FED NATL MTG ASSN 2.000% 6/24/13	2010-05-25	2011-06-24
	675. GAP INC COM	2009-12-18	2011-03-08
	300. GENERAL MILLS INC COM W/RTS EXP 02/01/2006	2010-03-25	2011-05-26
	75. GOLDMAN SACHS GRP INC COM	2009-12-18	2011-03-08
	350. INTL FLAVORS & FRAGRANCES INC COM	2010-12-10	2011-03-08
	250. JP MORGAN CHASE & CO COM	2000-07-25	2011-03-08
	478.469 JPMORGAN HIGH YIELD FUND SS #3580	2007-04-13	2011-03-08
	300. KELLOGG CO COM	2009-02-25	2011-05-26
	125. L-3 COMMUNICATIONS HLDGS INC COM	2009-12-18	2011-03-08
	250. MEDCO HEALTH SOLUTIONS INC	2011-03-08	2011-10-17
	175. MEDCO HEALTH SOLUTIONS INC	2011-05-26	2011-10-17
	425. MICROSOFT CORP COM	2003-03-04	2011-03-08
	400. NIKE INC CL B COM	2005-12-27	2011-05-26
	421.053 PIMCO FDS PAC INVT MGMT SER HIGH YLD FD INSTL CL	2008-06-23	2011-03-08
	300. T ROWE PRICE GRP INC COM	2011-05-26	2011-10-17
	430. SEALED AIR CORP NEW COM	2009-12-18	2011-03-08
	225. STATE STR CORP COM	2009-12-18	2011-03-08
	375. 3M CO COM	2005-04-27	2011-10-17
	475. VIACOM INC NEW	2009-12-18	2011-03-08
	28222.013 WELLS FARGO ADV INTR VA FD-IST #517	2008-06-23	2011-07-21
	723.589 WESTPORT FDS SMALL CAP FD CL I	2001-01-08	2011-03-08
	200. PARTNERRE LTD COM	2010-11-23	2011-03-08
	500. TE CONNECTIVITY LTD	2010-12-10	2011-05-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	21,833	14,027	7,806
b	16,986	16,982	4
c	15	34	-19
d	22,669	13,961	8,708
e	10,826	19,767	-8,941
	10,554	9,648	906
	27,148	18,093	9,055
	9,250	13,325	-4,075
	40,000	40,176	-176
	50,000	50,066	-66
	40,000	40,170	-170
	50,000	50,000
	40,000	39,976	24
	40,000	40,390	-390
	40,000	40,245	-245
	14,441	14,094	347
	11,748	10,800	948
	12,122	12,129	-7
	20,279	19,505	774
	11,628	12,801	-1,173
	4,000	4,129	-129
	17,058	11,847	5,211
	10,031	10,524	-493
	12,171	15,672	-3,501
	8,520	11,317	-2,797
	10,987	12,089	-1,102
	33,627	17,484	16,143
	4,000	3,853	147
	15,576	18,680	-3,104
	11,470	9,322	2,148
	10,006	9,299	707
	28,524	28,759	-235
	21,950	14,021	7,929
	337,253	300,000	37,253
	20,000	12,902	7,098
	15,538	15,556	-18
	18,076	16,999	1,077

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			7,806
b			4
c			-19
d			8,708
e			-8,941
			906
			9,055
			-4,075
			-176
			-66
			-170

			24
			-390
			-245
			347
			948
			-7
			774
			-1,173
			-129
			5,211
			-493
			-3,501
			-2,797
			-1,102
			16,143
			147
			-3,104
			2,148
			707
			-235
			7,929
			37,253
			7,098
			-18
			1,077

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	152,973
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	317,930	7,128,985	0.044597
2009	294,957	6,286,357	0.04692
2008	451,906	7,525,332	0.060051
2007	475,595	8,949,481	0.053142
2006	643,554	8,692,569	0.074035

2	Total of line 1, column (d) ......................	2	0.278745
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	0.055749
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	7,586,502
5	Multiply line 4 by line 3.......................	5	422,940
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,720
7	Add lines 5 and 6.........................	7	426,660
8	Enter qualifying distributions from Part XII, line 4..............	8	290,608
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	7,441
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	7,441
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	7,441
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	4,924
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,924
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,517
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

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

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

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(336) 747-8388

Located at bullet

1 WEST 4TH ST 2ND FLOORWINSTON SALEMNC ZIP+4 bullet

271013818

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

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

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

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

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

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2011)

Page 6

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK	CO-TRUSTEE 40	54,635
1525 WEST WT HARRIS BLVD D1114-044 CHARLOTTE,NC282881114	CO-TRUSTEE 40	54,635
STEPHEN J OPPENHEIM	CO-TRUSTEE 4	29,420
20 BINGHAM AVENUE RUMSON,NJ07760	CO-TRUSTEE 4	29,420

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









Total number of other employees paid over $50,000...................				0

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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

purposes:

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

7,537,821

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

164,211

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

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

7,702,032

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

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

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

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

7,702,032

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

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

115,530

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

7,586,502

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

379,325

Part XI

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

and do not complete this part.)

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

379,325

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

7,441

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

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

7,441

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

371,884

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

303

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

372,187

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

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

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

372,187

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

290,608

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

290,608

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

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

290,608

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

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2010	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7					372,187
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				107,135
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2011 from Part
XII, line 4: $ 290,608
a Applied to 2010, but not more than line 2a				107,135
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2011 distributable amount.....					183,473
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		0			0
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					188,714
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) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

Form 990-PF (2011)

Page 9

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE NORTHSHORE ANIMAL LEAGUE 25 DAVIS AVENUE PORT WASHINGTON,NY11050	NONE	EXEMPT	GENERAL	19,079
BIDE-A-WEE HOME ASSOCIATION 410 EAST 38 ST NEW YORK,NY10016	NONE	EXEMPT	GENERAL	19,382
CANCER RESEARCH INSTITUTE 55 BROADWAY NEW YORK,NY10006	NONE	EXEMPT	GENERAL	19,079
THE SALVATION ARMY 440 WEST NYACK ROAD WEST NYACK,NY10994	NONE	EXEMPT	GENERAL	19,079
AMERICAN HEART ASSOCIATION 2550 US HIGHWAY NO 1 TRENTON,NJ08650	NONE	EXEMPT	GENERAL	19,079
FRIENDS OF ANIMALS 770 POST ROAD STE 25 DARIEN,CT06820	NONE	EXEMPT	GENERAL	19,079
CORNELL UNIVERSITY OFFICE OF TRUSTS & ESTATES 130 EAST SEBECA ST SUITE 400 ITHACA,NY14850	NONE	EXEMPT	GENERAL	19,079
SOCIETY FOR PREVENTION OF CRUELTY TO ANIMALS PO BOX 93 EATONTOWN,NJ07724	NONE	EXEMPT	GENERAL	19,079
ASSOCIATED HUMANE SOCIETY OF NEW JERSEY INC 124 EVERGREEN AVE NEWARK,NJ07114	NONE	EXEMPT	GENERAL	19,079
RIVERVIEW MEDICAL CENTER ATTN DIRECTOR OF GIFT PLANNING 1345 CAMPUS PARKWAY SUITE A2 NEPTUNE,NJ07753	NONE	EXEMPT	GENERAL USE	19,079
RED BK ELKS CRIPPLED KIDDIES FND C/O HANDICPPED CHILD CMTEE ATTN 40 W FRONT ST RED BANK,NJ07701	NONE	EXEMPT	GENERAL	19,079
TRUSTEES UNIV OF PENNYSLVANIA OFFICE OF THE TREASURER 3451 WALNUT STREET PHILADELPHIA,PA19104	NONE	EXEMPT	GENERAL	19,079
HUMANE SOCIETY OF THE UNITED STATES 2100 L STREET NW WASHINGTON,DC20037	NONE	EXEMPT	GENERAL	18,279
Total ................................. 3a				247,530

bApproved for future payment

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

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
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	83
4 Dividends and interest from securities....			14	262,879
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	152,973
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)..				415,935

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

13415,935

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2011 InvestmentsCorpStockSchedule

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

Name of Stock	End of Year Book Value	End of Year Fair Market Value
4812C0803 JPMORGAN HI YL #3580
364760108 GAP INC
437076102 HOME DEPOT INC	17,249	21,020
580135101 MCDONALDS CORP	15,506	20,066
654106103 NIKE INC CL B
778296103 ROSS STORES INC	9,021	28,518
92553P201 VIACOM INC NEW
370334104 GENERAL MILLS INC
487836108 KELLOGG CO
50075N104 KRAFT FOODS INC CL A	21,429	26,152
742718109 PROCTER & GAMBLE CO	25,793	40,026
166764100 CHEVRON CORP	21,677	45,220
171798101 CIMAREX ENERGY CO
20825C104 CONOCOPHILLIPS	15,316	29,148
30231G102 EXXON MOBIL CORP	7,664	19,071
674599105 OCCIDENTAL PETE CORP	9,601	11,244
001055102 AFLAC INC	19,486	18,386
03076C106 AMERIPRISE FINL INC	26,809	26,061
060505104 BANK OF AMERICA CORP
14040H105 CAPITAL ONE FIN CORP	16,907	16,916
171232101 CHUBB CORP
254709108 DISCOVER FIN SVCS
38141G104 GOLDMAN SACHS GROUP
46625H100 JPMORGAN CHASE & CO	15,362	9,975
857477103 STATE STREET CORP
91529Y106 UNUM CORP	14,309	15,803
031162100 AMGEN INC	9,737	11,237
110122108 BRISTOL MYERS SQUIBB	9,435	12,863
14149Y108 CARDINAL HEALTH INC	14,412	16,244
478160104 JOHNSON & JOHNSON	35,702	49,185
58155Q103 MCKESSON CORP	24,715	29,995
91324P102 UNITEDHEALTH GROUP	14,436	20,272
235851102 DANAHER CORP	21,235	21,168
369604103 GENERAL ELECTRIC CO	12,368	12,537
502424104 L-3 COMMUNICATIONS
913017109 UNITED TECHNOLOGIES	11,530	29,236
88579Y101 3M CO
00846U101 AGILENT TECHNOLOGIES
17275R102 CISCO SYSTEMS INC	14,652	9,944
428236103 HEWLETT PACKARD CO	17,569	25,760
458140100 INTEL CORP	18,550	25,463
459200101 IBM CORP	27,812	64,358
594918104 MICROSOFT CORP	21,562	24,013
882508104 TEXAS INSTRUMENTS	9,469	10,916
459506101 INTERNATL FLAVORS
81211K100 SEALED AIR CORP
156700106 CENTURYLINK INC	13,824	20,386
21037100 CONSTELLATION ENERGY
H0023R105 ACE LIMITED
G6852T105 PARTNERRE LTD COM
H8912P106 TYCO ELECTRONICS LTD
H89128104 TYCO INTERNATL LTD
92934R769 CRM MIDCAP VALUE #32
38142Y401 GOLDMAN SACHS #1132
77954Q106 TROWE BLU CHP #93
74144Q203 TROWE EMERG MKT #146
94984B348 WELLS FARGO FD #4117
94984B181 WELLS FARGO FD #517
961323409 WESTPORT FUNDS #13
04315J837 ARTIO INTL FD #1529
246248306 DELAWARE POOLED #31
411511306 HARBOR INTL FD #2011
922042858 VANGUARD EMERG MKTS
44980Q518 ING INTL RE FD #2664
44981V706 ING RE FD #2190
61744J317 MORGAN STANLEY #8001
722005667 PIMCO COMMOD FD #45
037833100 APPLE INC	17,838	20,250
04351G101 ASCENA RETAIL GROUP	15,431	16,346
055921100 BMC SOFTWARE INC	11,268	7,376
057224107 BAKER HUGHES INC COM	10,757	12,160
191216100 COCA COLA CO	26,296	27,988
20030N101 COMCAST CORP CLASS A	17,524	16,597
314172560 FEDERATED STRAT VAL
345370860 FORD MOTOR COMPANY	16,312	12,105
375558103 GILEAD SCIENCES INC	10,936	11,256
438516106 HONEYWELL INTERNATIO	11,726	10,870
45865V100 INTERCONTINENTALEXCH	18,491	18,083
464287168 ISHARES DOW JONES SE
583334107 MEADWESTVACO CORP	15,947	16,473
637071101 NATIONAL OILWELL INC	18,150	16,998
68389X105 ORACLE CORPORATION	11,540	8,978
744573106 PUBLIC SVC ENTERPRIS	20,742	20,631
747525103 QUALCOMM INC	17,184	16,410
87612E106 TARGET CORP	11,126	11,525
887389104 TIMKEN CO	11,567	11,613
983134107 WYNN RESORTS LTD	21,859	16,574
G1151C101 ACCENTURE PLC

- TIN:

TY 2011 InvestmentsGovtObligationsSch

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2011 InvestmentsOtherSchedule2

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
04315J209 ARTIO TOTAL RTN BOND	AT COST	325,524	333,903
256210105 DODGE & COX INCOME	AT COST	516,831	539,811
4812C0803 JPMORGAN HIGH YIELD	AT COST	424,979	381,085
693390841 PIMCO HIGH YIELD FUN	AT COST	126,147	134,331
693390700 PIMCO TOTAL RTN FUND	AT COST	413,972	426,454
921937850 VANGUARD SHORT TERM	AT COST	50,000	50,189
957663701 WESTERN ASSET INTERM	AT COST	125,000	123,735
693391559 PIMCO EMERGING MKT	AT COST	157,946	171,506
693390882 PIMCO FOREIGN BOND	AT COST	307,500	321,027
G1151C101 ACCENTURE PLC	AT COST	14,402	13,308
H0023R103 ACE LIMITED	AT COST	9,754	14,024
H89128104 TYCO INTERNATIONAL	AT COST	21,568	24,056
92934R769 CRM MID CAP VALUE	AT COST	232,058	341,096
314172560 FEDERATED STRATEGIC	AT COST	225,000	230,211
38142Y401 GOLDMAN SACHS GRWTH	AT COST	170,000	214,491
464287168 ISHARES DOW JONES	AT COST	124,876	125,015
77954Q106 T ROWE PRICE BLUE CH	AT COST	158,182	165,909
94984B348 WELLS FARGO ADVTG IN	AT COST	320,698	283,130
961323409 WESTPORT FUNDS SELEC	AT COST	369,859	489,739
04315J837 ARTIO INTERNATIONAL	AT COST	275,000	204,374
246248306 DELAWARE POOLED TR	AT COST	200,000	118,555
411511306 HARBOR INTERNATIONAL	AT COST	200,000	157,342
74144Q203 T ROWE PRICE INSTITU	AT COST	334,778	255,079
922042858 VANGUARD MSCI EMERGI	AT COST	95,043	111,459
44980Q518 ING INTERNATIONAL RE	AT COST	98,923	67,580
44981V706 ING RE FUNDING	AT COST	496,678	534,311
61744J317 MORGAN STANLEY INST	AT COST	157,425	70,238
72005667 PIMCO COMMODITY	AT COST	360,000	211,627

- TIN:

TY 2011 OtherDecreasesSchedule

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	44,768
ROC BASIS ADJUSTMENT	1,554
ROUNDING	3

- TIN:

TY 2011 OtherIncreasesSchedule

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

Description	Amount
MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE	32,559

- TIN:

TY 2011 TaxesSchedule

Name:

ANNA OSCHWALD TRUST

EIN: 25-6626923

Category	Amount	Net Investment Income
FEDERAL TAX PAYMENT - PRIOR YE	1,551	0
FEDERAL ESTIMATES - PRINCIPAL	4,924	0
FOREIGN TAXES ON QUALIFIED FOR	2,663	2,663
FOREIGN TAXES ON NONQUALIFIED	269	269