Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
ELISHA-BOLTON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1111 SUPERIOR AVENUE SUITE 700   Room/suite
City or town, state, and ZIP code
CLEVELAND, OH44114
A Employer identification number

34-1500135
B Telephone number (see page 10 of the instructions)

(216) 363-6481
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$4,133,784J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 25,779 25,779  
4 Dividends and interest from securities...... 70,703 70,703  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 269,458
b Gross sales price for all assets on line 6a 2,810,878
7 Capital gain net income (from Part IV, line 2)... 269,458
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........ 365,940 365,940  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 26,132 19,599   6,533
c Other professional fees (attach schedule).... Click to see attachment 28,108 21,082   7,026
17 Interest............... 23 23    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,057 2,057    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,030 2,030    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,159 1,159    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 59,509 45,950   13,559
25 Contributions, gifts, grants paid........ 231,000 231,000
26 Total expenses and disbursements. Add lines 24 and 25 290,509 45,950   244,559
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,431
b Net investment income (if negative, enter -0-) 319,990
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 6,826 9,348 9,348
2 Savings and temporary cash investments.......... 123,327 224,359 224,359
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) 248,540 Click to see attachment271,457 304,249
b Investments—corporate stock (attach schedule)........ 2,852,223 Click to see attachment2,798,238 3,223,658
c Investments—corporate bonds (attach schedule)........ 356,438 Click to see attachment356,170 372,170
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) 3,587,354 3,659,572 4,133,784
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......... 2,740,607  
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 846,747 3,659,572
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,587,354 3,659,572
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,587,354 3,659,572
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 3,587,354
2 Enter amount from Part I, line 27a..................... 2 75,431
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,662,785
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,213
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,659,572
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 510-DOLLAR TREE INC. P 2010-10-19 2011-01-06
b 170-GENERAL DYNAMICS CORP. P 2010-10-06 2011-01-20
c 50-UNION PACIFIC CORP. P 2010-03-12 2011-01-20
d 140-CIA DE BEBIDAS ADR P 2007-09-05 2011-02-11
e 250-ADIDAS AG ADR P 2007-09-05 2011-03-11
610-HEWLETT-PACKARD CO. P 2009-08-10 2011-04-21
290-YINGLI GREEN ENERGY ADR P 2010-12-13 2011-05-23
360-CACI INC. CL A P 2010-11-03 2011-07-18
560-MEADWESTVACO CORP. P 2011-02-02 2011-08-08
120-DAVITA INC. P 2011-02-15 2011-08-26
350-UBS AG NEW P 2011-07-22 2011-09-14
130-COVIDIEN PLC NEW P 2011-05-05 2011-09-28
510-SUMITOMO MITSUI NEW ADR P 2010-12-13 2011-09-28
2620-XSTRATA PLC ADR P 2011-07-27 2011-10-04
50-SYMANTEC CORP. P 2011-03-07 2011-11-16
10-CAPITAL ONE FINANCIAL CORP P 2010-01-22 2011-02-01
180-HSBC HOLDINGS PLC P 2011-01-28 2011-03-16
40-TIDEWATER INC. P 2010-05-17 2011-05-06
60-CONOCOPHILLIPS P 2004-08-20 2011-07-15
10-WEIGHT WATCHERS INT'L INC. P 2011-09-12 2011-10-28
60-DOLLAR TREE INC. P 2010-04-28 2011-01-06
220-HUMANA INC. P 2009-05-18 2011-01-20
400-WAL-MART STORES INC. P 2008-07-17 2011-01-20
300-GROUPE CGI INC. P 2010-12-13 2011-02-11
170-LUBRIZOL CORP. P 2010-10-19 2011-03-14
290-CUMMINS INC. P 2010-02-18 2011-04-26
290-YINGLI GREEN ENERGY ADR P 2010-10-13 2011-05-23
550-FOREST LABORATORIES INC. P 2010-08-24 2011-07-20
290-NATIONAL OILWELL VARCO P 2009-07-07 2011-08-08
170-BARRICK GOLD CORP. P 2011-02-02 2011-08-30
560-UBS AG NEW P 2011-05-06 2011-09-14
80-DAVITA INC. P 2011-02-15 2011-09-28
150-VALE SA ADR SPONS P 2010-12-13 2011-09-28
540-MACYS INC. P 2011-08-09 2011-10-07
350-AGCO CORP. P 2009-11-19 2011-11-17
130-CAPITAL ONE FINANCIAL CORP P 2009-08-25 2011-02-01
120-HSBC HOLDINGS PLC P 2010-09-22 2011-03-16
120-AFLAC INC. P 2011-03-16 2011-06-01
50-CONOCOPHILLIPS P 2000-03-02 2011-07-15
100-WEIGHT WATCHERS INT'L INC. P 2011-09-06 2011-10-28
850-STARBUCKS CORP. P 2008-08-29 2011-01-06
40-INTUIT INC. P 2010-05-21 2011-01-20
650-WELLS FARGO & CO. NEW P 2010-04-26 2011-01-20
280-AMGEN INC. P 2010-05-20 2011-02-15
190-AGCO CORP. P 2009-08-28 2011-03-17
630-MAGDA INT'L INC. P 2009-06-18 2011-04-27
830-ERICSSON TELEPHONE ADR P 2010-12-13 2011-05-25
690-ST MICROELECTRONICS NY P 2010-12-13 2011-07-22
385-DOLLAR TREE INC. P 2010-04-28 2011-08-09
350-FREEPORT MCMORAN COPPER P 2009-04-30 2011-08-30
120-C R BARD INC. P 2011-04-25 2011-09-15
220-DAVITA INC. P 2010-01-11 2011-09-28
200-VANGUARD MSCI EMERGING MARKETS P 2008-07-23 2011-09-28
110-AVAGO TECHNOLOGIES F P 2011-05-25 2011-10-12
150-INTUIT INC. P 2011-08-30 2011-11-18
80-CAPITAL ONE FINANCIAL CORP P 2009-08-21 2011-02-01
90-HEWLETT PACKARD CO. P 2010-08-09 2011-03-30
140-AFLAC INC. P 2011-02-01 2011-06-01
170-EI DUPONT DE NEMOURS P 2010-10-18 2011-07-22
370-AMERIPRISE FINANCIAL INC. P 2010-04-26 2011-11-04
270-AMPHENOL CORP. P 2007-10-17 2011-01-13
690-INTUIT INC. P 2010-03-12 2011-01-20
120-NESTLE SA P 2010-12-13 2011-01-27
240-CISCO SYSTEMS INC P 2005-12-22 2011-02-15
50-HEWLETT-PACKARD CO. P 2009-09-10 2011-03-29
20000-GE CAPITAL 5.50% DUE 4/28/11 P 2009-10-29 2011-04-28
20-ERICSSON TELEPHONE ADR P 2009-10-01 2011-05-25
150-MOSAIC CO. P 2011-06-14 2011-07-25
810-SOCIETE GENRALE ADR P 2011-02-04 2011-08-11
330-MEADWESTVACO CORP. P 2011-03-14 2011-08-30
410-VISTEON CORP. P 2011-04-28 2011-09-19
300-ERICSSON TELEPHONE ADR P 2009-10-01 2011-09-28
160-VODAFONE GROUP NEW P 2007-05-03 2011-09-28
220-ERICSSON TELEPHONE ADR P 2009-10-01 2011-10-12
230-INTUIT INC. P 2010-01-14 2011-11-18
42-DPL INC,. P 2010-08-30 2011-02-01
150-HEWLETT PACKARD CO. P 2009-09-10 2011-03-30
140-MARATHON OIL CORP. P 2011-02-01 2011-06-03
310-LINCARE HOLDINGS INC. P 2011-03-11 2011-08-03
240-DR. PEPPER SNAPPLE GROUP P 2011-05-03 2011-11-17
190-AMPHENOL CORP. P 2007-09-24 2011-01-13
170-LUBRIZOL CORP. P 2010-10-19 2011-01-20
170-NESTLE SA P 2008-08-19 2011-01-27
500-CISCO SYSTEMS INC P 2002-07-02 2011-02-15
460-HEWLETT-PACKARD CO. P 2009-08-10 2011-03-29
40-HUTCHISON WHAMPOA P 2010-12-13 2011-05-05
400-TE CONNECTIVITY LTD. P 2011-02-14 2011-05-26
220-AMCOR LTD. P 2010-12-13 2011-07-27
420-PRECISION DRILLING CORP. P 2010-12-13 2011-08-15
240-SANDISK CORP. P 2011-02-25 2011-08-30
410-TE CONNECTIVITY LTD. P 2010-10-12 2011-09-21
200-CGI GROUPE INC. P 2010-12-13 2011-09-28
1030-XSTRATA PLC ADR P 2011-07-27 2011-09-28
370-EMC CORP. P 2011-07-18 2011-10-13
150-BAYER AG SPONS ADR P 2011-05-23 2011-11-28
240-DPL INC,. P 2010-08-30 2011-02-01
330-INTEL CORP. P 2011-01-28 2011-03-30
90-MARATHON OIL CORP. P 2003-05-07 2011-06-03
330-ENSCO PLC ADR P 2011-02-01 2011-08-08
50-DR. PEPPER SNAPPLE GROUP P 2011-04-13 2011-11-17
130-FRESENIUS MED CARE ADR P 2010-12-13 2011-01-14
654-MDU RESOURCES GROUP P 2010-08-31 2011-01-20
170-GENERAL ELECTRIC CO. P 1994-12-23 2011-02-02
1200-CISCO SYSTEMS INC P 2001-09-28 2011-02-15
240-WAL-MART DE MEXICO ADR P 2010-12-13 2011-03-29
170-HUTCHISON WHAMPOA P 2007-10-05 2011-05-05
80-TE CONNECTIVITY LTD. P 2010-12-02 2011-05-26
240-AMCOR LTD. P 2010-01-13 2011-07-27
200-CGG VERITAS ADR P 2010-12-13 2011-08-16
180-PEABODY ENERGY CORP. P 2009-07-15 2011-09-02
340-NRG ENERGY INC. NEW P 2011-09-15 2011-09-23
160-LVMH MOET NEW ADR P 2010-12-13 2011-09-28
340-MDU RESOURCES GROUP P 2011-04-15 2011-09-30
570-SYMANTEC CORP. P 2011-03-30 2011-10-13
320-MOSAIC CO. P 2010-05-27 2011-11-29
78-DPL INC,. P 2010-08-27 2011-02-01
120-INTEL CORP. P 2010-05-12 2011-03-30
60-TIDEWATER INC. P 2010-06-03 2011-06-08
10-PRAXAIR INC. P 2011-02-01 2011-08-11
20-FRESENIUS MED CARE ADR P 2008-07-15 2011-01-14
126-MDU RESOURCES GROUP P 2010-08-30 2011-01-20
980-GENERAL ELECTRIC CO. P 1994-12-23 2011-02-02
420-INTUIT INC. P 2010-01-14 2011-02-18
320-WAL-MART DE MEXICO ADR P 2008-08-19 2011-03-29
130-CREDICORP LTD. P 2007-12-11 2011-05-06
630-DPL INC. P 2010-08-27 2011-06-02
500-COMERICA INC. P 2010-01-22 2011-07-27
10-CGG VERITAS ADR P 2009-11-19 2011-08-16
140-PEABODY ENERGY CORP. P 2009-05-22 2011-09-02
800-NRG ENERGY INC. NEW P 2010-08-26 2011-09-23
250-MTN GROUP LTD. ADR P 2011-04-13 2011-09-28
731-MDU RESOURCES GROUP P 2010-08-30 2011-09-30
800-IPATH DJ UBS COMMODITY INDEX P 2011-02-04 2011-10-19
310-PEABODY ENERGY CORP. P 2009-05-22 2011-11-29
240-HUDSON CITY BANCORP INC. P 2010-01-08 2011-02-01
90-CATERPILLAR INC. P 2009-08-25 2011-04-13
30-TIDEWATER INC. P 2010-05-17 2011-06-08
70-PRAXAIR INC. P 2009-10-29 2011-08-11
330-AETNA INC. NEW P 2010-08-25 2011-01-20
520-MAGDA INT'L INC. P 2010-04-28 2011-01-20
60-NEWMONT MINING CORP. P 2009-10-29 2011-02-02
640-ENCANA CORP. P 2009-12-18 2011-02-25
350-E.ON AG ADR P 2010-12-13 2011-04-04
290-HOME DEPOT INC. P 2008-08-29 2011-05-06
650-HOME DEPOT INC. P 2009-03-31 2011-06-06
510-MDU RESOURCES GROUP P 2011-04-15 2011-07-27
22.701-OAKMARK INT'L SMALL CAP FUND P 2010-12-16 2011-08-19
10-TE CONNECTIVITY LTD. P 2010-12-02 2011-09-07
190-NRG ENERGY INC. NEW P 2010-01-07 2011-09-23
110-MITSUBISHI CORP SPON ADR P 2010-12-13 2011-09-28
449-MDU RESOURCES GROUP P 2010-08-27 2011-09-30
9429.69-GOLDMAN SACHS COMMODITY P 2011-02-03 2011-10-20
210-BARRICK GOLD CORP. P 2011-02-02 2011-11-30
180-HUDSON CITY BANCORP INC. P 2009-08-12 2011-02-01
70-CATERPILLAR INC. P 2008-11-24 2011-04-13
90-TIDEWATER INC. P 2009-10-15 2011-06-08
80-COACH INC. P 2011-02-01 2011-09-06
460-ASSURANT INC. P 2010-05-13 2011-01-20
170-MANPOWER INC. P 2010-11-24 2011-01-20
330-NEWMONT MINING CORP. P 2009-07-06 2011-02-02
20-MAGDA INT'L INC. P 2010-04-28 2011-03-03
100-CATERPILLAR INC. P 2008-11-24 2011-04-13
90-SIEMENS AG ADR P 2010-12-13 2011-05-06
30-HOME DEPOT INC. P 2008-08-29 2011-06-06
200-ROLLS-ROYCE HOLDINGS ADR P 2010-12-13 2011-07-27
4062.942-OAKMARK INT'L SMALL CAP FUN P 2010-12-14 2011-08-19
500-TE CONNECTIVITY LTD. P 2010-10-12 2011-09-07
240-CORN PRODUCTS INT'L INC. P 2009-05-29 2011-09-27
250-NEXEN INC. F P 2011-01-27 2011-09-28
190-NEXEN INC. F P 2011-01-27 2011-09-30
340-SUPERIOR ENERGY SERVICES P 2011-05-27 2011-10-31
460-CARDINAL HEALTH INC. P 2009-10-08 2011-12-14
220-HUDSON CITY BANCORP INC. P 2009-04-23 2011-02-01
190-EI DUPONT DE NEMOURS P 2011-01-28 2011-04-14
300-EMERSON ELECTRIC CO. P 2011-01-28 2011-06-22
40-COACH INC. P 2009-12-18 2011-09-06
230-CACI INC. CL A P 2010-11-03 2011-01-20
240-NEWMONT MINING CORP. P 2009-10-29 2011-01-20
130-ICICI BANK LTD ADR P 2010-12-13 2011-02-03
170-MAGDA INT'L INC. P 2009-06-18 2011-03-03
200-AGCO CORP. P 2009-08-28 2011-04-14
780-DPL INC. P 2011-04-14 2011-05-12
110-POSCO ADR P 2010-12-13 2011-06-07
40-ROLLS-ROYCE HOLDINGS ADR P 2009-06-12 2011-07-27
490-ARCELOR MITTAL NY P 2011-07-27 2011-08-22
530-HARMAN INT'L INDS INC. P 2011-06-07 2011-09-12
190-ABB LTD ADR P 2011-05-06 2011-09-28
310-NISSAN MOTOR SPON ADR P 2010-12-13 2011-09-28
110-SHINHAN FINANCIAL GROUP ADR P 2011-02-04 2011-10-03
320-MACYS INC. P 2011-08-09 2011-11-03
40000-US TREAS NOT 1.125% 12/15/11 P 2010-03-16 2011-12-15
230-HUDSON CITY BANCORP INC. P 2009-03-31 2011-02-01
70-EI DUPONT DE NEMOURS P 2010-10-18 2011-04-14
50-EMERSON ELECTRIC CO. P 2007-07-20 2011-06-22
300-INTEL CORP. P 2011-01-28 2011-09-12
350-CARDINAL HEALTH INC. P 2009-11-19 2011-01-20
400-PEABODY ENERGY CORP P 2009-07-15 2011-01-20
160-ICICI BANK LTD ADR P 2009-06-08 2011-02-03
260-WAL-MART STORES INC. P 2010-01-07 2011-03-04
150-ALASKA AIR GROUP INC. P 2010-06-11 2011-04-14
186-DPL INC. P 2010-08-30 2011-05-12
60-EI DUPONT DE NEMOURS P 2009-08-13 2011-06-17
160-ROLLS-ROYCE HOLDINGS ADR P 2009-02-11 2011-07-27
200-CGG VERITAS ADR P 2009-11-19 2011-08-22
20-CORN PRODUCTS INT'L INC. P 2010-11-08 2011-09-12
160-AUST & NEW ZEALAND BNKG ADR P 2010-12-13 2011-09-28
90-NORTEL NETWORKS CORP. P 2008-10-30 2011-09-28
130-AGCO CORP. P 2009-11-19 2011-10-04
200-TIME WARNER INC. NEW P 2011-01-06 2011-11-03
60-ITT CORP. P 2010-07-09 2011-01-12
370-NYSE EURONEXT N V P 2011-02-01 2011-02-09
80-EI DUPONT DE NEMOURS P 2008-05-21 2011-04-14
100-PRAXAIR INC. P 2011-02-01 2011-06-28
20-INTEL CORP. P 2010-02-26 2011-09-12
270-CARDINAL HEALTH INC. P 2009-10-08 2011-01-20
440-QEP RESOURCES P 2010-09-23 2011-01-20
260-DOLLAR TREE INC. P 2010-04-28 2011-02-04
90-WAL-MART STORES INC. P 2008-07-17 2011-03-04
300-EI DUPONT DE NEMOURS P 2008-02-19 2011-04-14
114-DPL INC. P 2010-08-27 2011-05-12
160-EI DUPONT DE NEMOURS P 2008-02-19 2011-06-17
110-TEVA PHARM INDS P 2010-12-13 2011-08-02
300-HONEYWELL INT'L P 2011-02-02 2011-08-23
310-CORN PRODUCTS INT'L INC. P 2009-05-29 2011-09-12
160-AVAGO TECHNOLOGIES F P 2011-05-25 2011-09-28
340-PRECISION DRILLING CORP. P 2010-12-13 2011-09-28
100-AGCO CORP. P 2009-08-28 2011-10-04
300-THERMO FISHER SCIENTIFIC P 2010-04-09 2011-11-04
490-ANALOG DEVICES INC. P 2010-07-30 2011-01-28
140-MCGRAW-HILL COS. P 2011-02-01 2011-02-18
160-EMERSON ELECTRIC CO. P 2011-01-28 2011-04-14
230-AFLAC INC. P 2011-03-16 2011-07-01
150-GENUINE PARTS CO. P 2011-01-28 2011-09-16
710-CORN PRODUCTS INT'L INC. P 2010-11-08 2011-01-20
130-QEP RESOURCES P 2009-07-23 2011-01-20
270-TARGET CORP. P 2008-09-04 2011-02-04
630-MICROSOFT CORP. P 2009-07-29 2011-03-07
270-FREEPORT MCMORAN COPPER P 2009-04-30 2011-04-14
280-WAL-MART STORES INC. P 2010-02-01 2011-05-19
210-ASTRAZENECA PLC ADR P 2010-12-13 2011-06-20
430-ENCANA CORP. P 2009-12-18 2011-08-08
360-HONEYWELL INT'L P 2009-02-25 2011-08-23
150-VISTEON CORP. P 2011-05-06 2011-09-12
290-CASEYS GENERAL STORES INC. P 2010-06-30 2011-09-28
580-PRECISION DRILLING CORP. P 2009-05-26 2011-09-28
290-CIA DE BEBIDAS PFD ADR P 2007-09-05 2011-10-04
270-PUBLIC SERVICE ENT GROUP INC. P 2011-09-15 2011-11-09
40-ANALOG DEVICES INC. P 2006-10-31 2011-01-28
100-MCGRAW-HILL COS. P 2009-10-15 2011-02-18
300-DPL INC,. P 2010-08-30 2011-04-26
80-AFLAC INC. P 2009-06-18 2011-07-01
220-CAPITAL ONE FINANCIAL CORP. P 2009-08-25 2011-09-28
290-DAVITA INC. P 2010-08-25 2011-01-20
280-TARGET CORP. P 2008-09-04 2011-01-20
1010-TURKIYE GARANTI ADR P 2010-12-13 2011-02-04
780-MICROSOFT CORP. P 2009-06-17 2011-03-07
140-MOSAIC CO. P 2010-05-27 2011-04-14
50-BHP BILLITON LTD ADR P 2008-04-03 2011-05-23
130-UNITED TECHNOLOGIES CORP. P 2009-05-08 2011-06-23
220-ENCANA CORP. P 2009-06-08 2011-08-08
180-MANPOWER INC. P 2010-11-24 2011-08-23
30-VISTEON CORP. P 2011-04-28 2011-09-12
120-CIA DE BEBIDAS PFD ADR P 2007-09-05 2011-09-28
20-SIEMENS AG ADR P 2010-12-13 2011-09-28
400-SUPERIOR ENERGY SERVICES P 2010-05-27 2011-10-04
20-PUBLIC SERVICE ENT GROUP INC. P 2011-05-12 2011-11-09
180-HEWLETT PACKARD CO. P 2009-11-20 2011-01-28
110-TJX COS. INC. P 2011-01-28 2011-03-11
180-TIDEWATER INC. P 2011-01-28 2011-05-03
20-AFLAC INC. P 2009-05-08 2011-07-01
200-MICROCHIP TECHNOLOGY INC. P 2011-04-26 2011-10-07
60-DAVITA INC. P 2010-01-11 2011-01-20
180-UNION PACIFIC CORP. P 2010-04-28 2011-01-20
1100-TURKIYE GARANTI ADR P 2010-06-08 2011-02-04
160-ADIDAS AG ADR P 2010-12-13 2011-03-11
130-UNITED TECHNOLOGIES CORP. P 2009-05-08 2011-04-14
120-BHP BILLITON LTD ADR P 2007-09-05 2011-05-23
40-UNITED TECHNOLOGIES CORP. P 2003-04-21 2011-06-23
130-MEADWESTVACO CORP. P 2011-03-14 2011-08-08
130-CARDINAL HEALTH INC. P 2009-10-08 2011-08-26
390-AMERIPRISE FINANCIAL INC. P 2010-04-26 2011-09-13
310-COSAN LTD. F P 2011-03-29 2011-09-28
100-SIEMENS AG ADR P 2010-09-17 2011-09-28
450-TIMKEN COMPANY P 2010-11-24 2011-10-04
550-SYMANTEC CORP. P 2011-03-30 2011-11-16
290-HEWLETT PACKARD CO. P 2009-09-10 2011-01-28
80-TJX COS. INC. P 2009-08-12 2011-03-11
160-TIDEWATER INC. P 2011-01-28 2011-05-06
70-CONOCOPHILLIPS P 2007-06-08 2011-07-15
70-MICROCHIP TECHNOLOGY INC. P 2011-03-30 2011-10-07
(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 26,306   26,012 294
b 12,462   10,803 1,659
c 4,748   3,615 1,133
d 3,630   1,873 1,757
e 7,983   7,475 508
24,911   26,633 -1,722
2,559   3,007 -448
22,211   18,411 3,800
14,547   16,302 -1,755
8,442   9,496 -1,054
4,286   6,129 -1,843
5,897   7,160 -1,263
2,842   3,397 -555
5,989   11,711 -5,722
851   879 -28
497   378 119
8,947   9,761 -814
2,216   1,936 280
4,596   2,234 2,362
755   569 186
3,095   2,444 651
12,747   6,885 5,862
22,487   23,125 -638
6,004   4,943 1,061
22,789   19,246 3,543
33,750   16,665 17,085
2,559   3,817 -1,258
21,186   15,203 5,983
17,725   8,619 9,106
8,645   8,148 497
6,858   10,723 -3,865
5,566   6,330 -764
3,632   5,213 -1,581
14,384   13,421 963
15,787   10,416 5,371
6,466   4,748 1,718
5,965   6,253 -288
5,653   5,955 -302
3,830   942 2,888
7,545   5,760 1,785
27,081   13,311 13,770
1,893   1,405 488
20,694   21,329 -635
15,043   15,122 -79
9,680   6,093 3,587
31,213   11,951 19,262
12,088   8,872 3,216
6,417   7,095 -678
24,215   15,686 8,529
16,260   7,491 8,769
10,937   12,351 -1,414
15,308   13,590 1,718
7,527   9,102 -1,575
3,648   3,797 -149
7,833   7,335 498
3,979   2,930 1,049
3,718   3,873 -155
6,595   8,221 -1,626
9,336   8,018 1,318
17,109   18,078 -969
14,200   11,623 2,577
32,654   23,779 8,875
6,499   6,927 -428
4,528   4,166 362
2,067   2,304 -237
20,000   21,126 -1,126
291   199 92
11,024   9,128 1,896
5,353   10,424 -5,071
9,029   9,270 -241
19,543   27,262 -7,719
3,018   2,984 34
4,143   4,602 -459
2,336   2,188 148
12,011   7,275 4,736
1,115   1,088 27
6,197   6,912 -715
7,260   6,520 740
7,468   9,278 -1,810
8,616   9,453 -837
9,993   7,256 2,737
17,608   19,246 -1,638
9,207   7,761 1,446
9,433   6,330 3,103
19,013   20,084 -1,071
2,250   2,069 181
14,445   15,329 -884
6,974   5,707 1,267
6,188   4,073 2,115
8,876   12,031 -3,155
11,758   12,443 -685
3,780   3,295 485
2,711   4,604 -1,893
8,477   9,828 -1,351
9,051   11,865 -2,814
6,371   6,137 234
6,703   7,083 -380
4,667   1,084 3,583
13,215   17,554 -4,339
1,795   1,917 -122
7,443   7,704 -261
13,923   12,341 1,582
3,520   1,427 2,093
22,639   14,148 8,491
6,962   6,741 221
9,561   9,316 245
2,889   2,623 266
7,609   5,539 2,070
4,983   5,567 -584
8,049   5,677 2,372
7,392   7,945 -553
4,671   5,304 -633
6,560   7,924 -1,364
10,090   10,352 -262
16,142   14,816 1,326
2,071   1,996 75
2,437   2,767 -330
3,087   2,473 614
950   950  
1,145   1,150 -5
2,682   2,376 306
20,292   8,211 12,081
22,747   13,285 9,462
9,283   6,222 3,061
13,301   9,939 3,362
18,978   16,017 2,961
16,499   17,682 -1,183
249   218 31
6,260   4,302 1,958
17,392   16,418 974
4,251   5,052 -801
14,103   13,788 315
35,111   39,692 -4,581
10,644   9,526 1,118
2,620   3,418 -798
9,664   4,341 5,323
1,543   1,452 91
6,649   5,822 827
10,911   8,950 1,961
30,152   16,816 13,336
3,352   2,618 734
20,646   19,641 1,005
10,747   10,678 69
10,779   7,969 2,810
22,336   15,300 7,036
11,181   11,886 -705
273   317 -44
296   328 -32
4,131   4,776 -645
4,578   5,754 -1,176
8,662   8,468 194
54,384   59,998 -5,614
10,910   10,065 845
1,965   2,529 -564
7,516   2,526 4,990
4,630   4,214 416
4,115   4,344 -229
17,734   17,161 573
10,987   9,742 1,245
18,439   12,880 5,559
1,009   647 362
10,734   3,608 7,126
12,289   11,004 1,285
1,031   824 207
10,505   9,999 506
48,837   57,450 -8,613
14,786   15,175 -389
9,891   6,260 3,631
4,024   6,009 -1,985
2,940   4,567 -1,627
9,695   7,951 1,744
18,781   12,512 6,269
2,401   2,693 -292
10,290   9,467 823
16,115   17,241 -1,126
2,058   1,448 610
12,043   11,763 280
13,362   10,471 2,891
5,795   6,415 -620
8,577   3,225 5,352
10,099   6,414 3,685
23,414   21,483 1,931
11,024   11,614 -590
2,101   1,104 997
9,886   15,780 -5,894
16,854   24,213 -7,359
3,312   4,951 -1,639
5,332   5,990 -658
7,212   10,059 -2,847
9,962   7,953 2,009
40,000   40,213 -213
2,510   2,661 -151
3,791   3,301 490
2,686   2,513 173
5,987   6,439 -452
14,146   11,088 3,058
23,771   12,616 11,155
7,132   5,001 2,131
13,531   13,929 -398
9,027   7,536 1,491
5,583   4,757 826
2,979   1,958 1,021
8,404   3,618 4,786
4,436   4,350 86
865   889 -24
3,048   3,873 -825
    105 -105
4,067   3,869 198
6,873   6,656 217
3,646   2,825 821
14,168   12,023 2,145
4,333   3,928 405
10,570   9,499 1,071
399   412 -13
10,912   7,344 3,568
16,708   12,925 3,783
12,951   10,593 2,358
4,684   5,203 -519
16,246   13,905 2,341
3,422   2,898 524
7,943   7,416 527
4,753   5,892 -1,139
12,852   17,224 -4,372
13,408   8,086 5,322
5,310   5,522 -212
3,130   3,297 -167
3,128   3,207 -79
14,739   15,624 -885
18,838   14,549 4,289
5,414   5,186 228
9,146   9,195 -49
10,872   11,413 -541
7,831   7,767 64
34,506   31,573 2,933
4,937   2,975 1,962
14,593   14,928 -335
16,229   14,962 1,267
14,084   5,779 8,305
15,510   14,943 567
10,323   10,271 52
10,022   13,196 -3,174
15,422   10,148 5,274
6,666   10,112 -3,446
13,121   10,216 2,905
5,339   2,958 2,381
8,822   3,880 4,942
9,052   9,143 -91
1,538   1,276 262
3,867   2,967 900
9,066   7,671 1,395
3,781   2,432 1,349
9,195   8,034 1,161
20,534   18,804 1,730
15,604   15,481 123
4,509   5,614 -1,105
20,094   18,327 1,767
10,527   6,482 4,045
4,525   3,520 1,005
10,987   6,872 4,115
5,127   6,158 -1,031
6,684   10,315 -3,631
1,333   1,995 -662
3,728   1,605 2,123
1,845   2,445 -600
9,451   9,355 96
671   671  
8,206   9,036 -830
5,439   5,283 156
10,267   10,426 -159
945   710 235
6,658   7,970 -1,312
4,249   3,706 543
17,093   13,715 3,378
4,911   4,537 374
5,109   5,473 -364
10,811   6,872 3,939
10,860   7,534 3,326
3,381   1,208 2,173
3,377   3,652 -275
5,212   3,536 1,676
16,443   19,055 -2,612
3,156   4,026 -870
9,223   10,175 -952
14,358   20,252 -5,894
9,361   9,989 -628
13,221   13,363 -142
3,955   2,886 1,069
8,864   9,267 -403
5,362   5,403 -41
2,330   2,671 -341
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       294
b       1,659
c       1,133
d       1,757
e       508
      -1,722
      -448
      3,800
      -1,755
      -1,054
      -1,843
      -1,263
      -555
      -5,722
      -28
      119
      -814
      280
      2,362
      186
      651
      5,862
      -638
      1,061
      3,543
      17,085
      -1,258
      5,983
      9,106
      497
      -3,865
      -764
      -1,581
      963
      5,371
      1,718
      -288
      -302
      2,888
      1,785
      13,770
      488
      -635
      -79
      3,587
      19,262
      3,216
      -678
      8,529
      8,769
      -1,414
      1,718
      -1,575
      -149
      498
      1,049
      -155
      -1,626
      1,318
      -969
      2,577
      8,875
      -428
      362
      -237
      -1,126
      92
      1,896
      -5,071
      -241
      -7,719
      34
      -459
      148
      4,736
      27
      -715
      740
      -1,810
      -837
      2,737
      -1,638
      1,446
      3,103
      -1,071
      181
      -884
      1,267
      2,115
      -3,155
      -685
      485
      -1,893
      -1,351
      -2,814
      234
      -380
      3,583
      -4,339
      -122
      -261
      1,582
      2,093
      8,491
      221
      245
      266
      2,070
      -584
      2,372
      -553
      -633
      -1,364
      -262
      1,326
      75
      -330
      614
       
      -5
      306
      12,081
      9,462
      3,061
      3,362
      2,961
      -1,183
      31
      1,958
      974
      -801
      315
      -4,581
      1,118
      -798
      5,323
      91
      827
      1,961
      13,336
      734
      1,005
      69
      2,810
      7,036
      -705
      -44
      -32
      -645
      -1,176
      194
      -5,614
      845
      -564
      4,990
      416
      -229
      573
      1,245
      5,559
      362
      7,126
      1,285
      207
      506
      -8,613
      -389
      3,631
      -1,985
      -1,627
      1,744
      6,269
      -292
      823
      -1,126
      610
      280
      2,891
      -620
      5,352
      3,685
      1,931
      -590
      997
      -5,894
      -7,359
      -1,639
      -658
      -2,847
      2,009
      -213
      -151
      490
      173
      -452
      3,058
      11,155
      2,131
      -398
      1,491
      826
      1,021
      4,786
      86
      -24
      -825
      -105
      198
      217
      821
      2,145
      405
      1,071
      -13
      3,568
      3,783
      2,358
      -519
      2,341
      524
      527
      -1,139
      -4,372
      5,322
      -212
      -167
      -79
      -885
      4,289
      228
      -49
      -541
      64
      2,933
      1,962
      -335
      1,267
      8,305
      567
      52
      -3,174
      5,274
      -3,446
      2,905
      2,381
      4,942
      -91
      262
      900
      1,395
      1,349
      1,161
      1,730
      123
      -1,105
      1,767
      4,045
      1,005
      4,115
      -1,031
      -3,631
      -662
      2,123
      -600
      96
       
      -830
      156
      -159
      235
      -1,312
      543
      3,378
      374
      -364
      3,939
      3,326
      2,173
      -275
      1,676
      -2,612
      -870
      -952
      -5,894
      -628
      -142
      1,069
      -403
      -41
      -341
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 2 269,458
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 -29,796
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 205,235 4,056,525 0.050594
2009 169,933 3,567,822 0.047629
2008 239,932 4,623,416 0.051895
2007 278,701 5,620,494 0.049587
2006 219,107 5,238,062 0.041830
2 Total of line 1, column (d) ...................... 2 0.241535
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 0.048307
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,424,565
5 Multiply line 4 by line 3....................... 5 213,737
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,200
7 Add lines 5 and 6......................... 7 216,937
8 Enter qualifying distributions from Part XII, line 4.............. 8 244,559
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,200
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 3,200
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,200
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 3,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,200
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 2012 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)bulletOH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletMN ADVISORY SERVICES LLC Telephone no.bullet (216) 363-6481
    Located atbullet1111 SUPERIOR AVE SUITE 700CLEVELANDOH ZIP+4bullet44114
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BETSY B SCHAFERClick to see attachment PRESIDENT/TR
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    GILBERT P SCHAFER IIIClick to see attachment VP/TRUSTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    JULIAN B SCHAFERClick to see attachment VP/TRUSTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    KENNETH G HOCHMANClick to see attachment TRUSTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    PAULETTE KITKOClick to see attachment SECRETARY
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    JAMES C SEKERAKClick to see attachment TREASURER
    2.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,214,590
    b
    Average of monthly cash balances.......................
    1b
    277,354
    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
    4,491,944
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,491,944
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    67,379
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,424,565
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    221,228
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    221,228
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,200
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,200
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    218,028
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    218,028
    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
    218,028
    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
    244,559
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    244,559
    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
    3,200
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    241,359
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 218,028
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007....... 11,402
    c From 2008....... 9,963
    d From 2009.......  
    e From 2010....... 5,979
    fTotal of lines 3a through e......... 27,344
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 244,559
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 218,028
    e Remaining amount distributed out of corpus 26,531
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 53,875
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		53,875
    10 Analysis of line 9:
    a Excess from 2007.... 11,402
    b Excess from 2008.... 9,963
    c Excess from 2009....  
    d Excess from 2010.... 5,979
    e Excess from 2011.... 26,531
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    ELISHA BOLTON FOUNDATION
    1111 SUPERIOR AVENUE E
    SUIT 700
    CLEVELAND,OH441142540
    (216) 363-6481
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN PROPOSAL WITH A COPY OF INTERNAL REVENUE CERTIFICATION OF EXEMPT STATUS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS TO INDIVIDUALS
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALL SAINTS EPISCOPAL CHURCH THOMAS
    443 HANSELL ST
    THOMASVILLE,GA31799     		N/A PUBLIC IN MEMORY OF SAVANNAH SINGLETARY 5,000
    AMERICAN COLLEGE OF BUILDING ARTS
    P O BOX 71668
    N CHARLSTON,SC29415     		N/A PUBLIC AT THE DISCRETION OF THE PREISDENT 1,000
    AMERICAN FRIENDS OF ATTINGHAM
    144 EAST 39
    NEW YORK,NY10016     		N/A PUBLIC SCHOLARSHIP ASSISTANCE FOR ANNUAL SU 1,000
    AMERICAN RED CROSS
    3747 EUCLID AVENUE
    CLEVELAND,OH44115     		N/A PUBLIC DOMESTIC HURRICANE/DISASTER RELIEF 5,000
    AUWAIOLIMU CONGREGATIONAL CHURCH H
    P O BOX 11098
    HONOLULU,HI96828     		N/A PUBLIC DISCRETION OF REV. JOHN L. A. KALILI 10,000
    BILLY GRAHAM EVANGELISTIC ASSOCIATI
    P O BOX 1270
    CHARLOTTE,NC28201     		N/A PUBLIC CURRENT OPERATIONS 5,000
    BRYN MAWR COLLEGE
    101 NORTH MERION AVENUE
    BRYN MAWR,PA19010     		N/A PUBLIC AT DISCRETION OF THE HEAD OF THE CIT 2,500
    CLEVELAND CLINIC COLE EYE INSTITUTE
    9500 EUCLID AVENUE 113
    CLEVELAND,OH44195     		N/A PUBLIC DRY MACULAR DEGENERATION RESEARCH 5,000
    DOGS FOR THE DEAF OR
    10175 WHEELER ROAD
    CENTRAL POINT,OR97502     		N/A PUBLIC CURRENT OPERATIONS 2,000
    DUTCHESS LAND CONSERVANCY
    4289 ROUTE 82
    MILLBROOK,NY12545     		N/A PUBLIC CURRENT OPERATIONS 2,500
    FEALGOOD FOUNDATION
    144 SHENANDOAH BLVD
    NESCONSET,NY11767     		N/A PUBLIC CURRENT OPERATIONS 7,500
    FOCUS ON THE FAMILY CO
    FOCUS ON THE FAMILY
    COLORADO SPRINGS,CO80995     		N/A PUBLIC WHERE NEEDED FOR RADIO BROADCASTS 2,000
    FRIENDS OF HISTORIC MOUNT VERNON
    P O BOX 10
    MT VERNON,VA22121     		N/A PUBLIC REGENT'S CIRCLE 2,000
    FRONTIER NURSING SERVICE KY
    132 FRONTIER NURSING DRIV
    WENDOVER,KY41775     		N/A PUBLIC IN MEMORY OF KATE IRELAND 3,000
    GARDEN CONSERVANCY
    P O BOX 219
    COLD SPRING,NY10516     		N/A PUBLIC ANNUAL FUND 1,500
    GARRISON FOREST SCHOOL
    300 GARRISON FOREST ROAD
    OWINGS MILLS,MD21117     		N/A PUBLIC ANNUAL FUND 2,000
    GRACE TO YOU CA
    P O BOX 4000
    PANORAMA CITY,CA91412     		N/A PUBLIC DR. JAMES MACARTHUR - WHERE NEEDED F 2,500
    HABITAT FOR HUMANITY
    121 HABITAT ST
    AMERICUS,GA31709     		N/A PUBLIC DISASTER RELIEF, WHERE MOST NEEDED 10,000
    IN TOUCH MINISTRIES GA
    P O BOX 620362
    ATLANTA,GA30362     		N/A PUBLIC DR. CHARLES STANLEY - WHERE NEEDED F 2,000
    INSIGHT FOR LIVING CA
    P O BOX 269000
    PLANO,TX75026     		N/A PUBLIC DR. CHARLES SWINDOLL - WHERE NEEDED 10,500
    INSTITUTE OF CLASSICAL ARCHITECTURE
    20 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PUBLIC CURRENT OPERATIONS 15,000
    JACK VAN IMPE MINISTRIES
    P O BOX 7004
    TROY,MI48007     		N/A PUBLIC MEDIA 3,000
    KEYLIFE MINISTRIES
    P O BOX 945000
    MAITLAND,FL32794     		N/A PUBLIC DISCRETION OF STEVE BROWN 3,000
    LANCE ARMSTRONG FOUNDATION
    P O BOX 161150
    AUSTIN,TX78716     		N/A PUBLIC CANCER RESEARCH 16,000
    LAS VEGAS VALLEY HUMANE SOCIETY
    3395 SOUTH JONES BLVD 45
    LAS VEGAS,NV89146     		N/A PUBLIC OPERATIONS 7,000
    MILLBROOK SCHOOL NY
    131 MILLBROOK SCHOOL ROA
    MILLBROOK,NY12545     		N/A PUBLIC ANNUAL FUND 5,000
    MILLBROOK SCHOOL NY
    131 MILLBROOK SCHOOL ROA
    MILLBROOK,NY12545     		N/A PUBLIC HEADMASTER ENDOWMENT 5,000
    MUSICAL ARTS ASSOCIATION OH
    11001 EUCLID AVENUE
    CLEVELAND,OH44106     		N/A PUBLIC CLEVELAND ORCHESTRA - SUSTAINING FUN 2,000
    NEW ENGLAND CONSERVATORY
    290 HUNTINGTON AVENUE
    BOSTON,MA02115     		N/A PUBLIC ANNUAL FUND 1,000
    NORTH BENNET STREET SCHOOL BOSTON
    39 NORTH BENNET STREET
    BOSTON,MA02113     		N/A PUBLIC CARPENTRY DEPARTMENT: 6,000 CARPENT 16,000
    PETS FOR THE ELDERLY FOUNDATION OH
    P O BOX 226
    WICKLIFFE,OH44092     		N/A PUBLIC CURRENT OPERATIONS 1,000
    RAVI ZACHARIAS INTERNATIONAL MINIST
    4725 PEACHTREE CORNERS CI
    NORCROSS,GA30092     		N/A PUBLIC DISCRETION OF DR. RAVI ZACHARIAS 10,000
    SALVATION ARMY
    P O BOX 66
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT NEEDS IN THOMAS COUNTY, GEOR 2,000
    SONGTIME INC
    710 MAIN ST
    YARMOUTH PORT,MA02675     		N/A PUBLIC WHERE MOST NEEDED 3,000
    SPECIAL OPERATIONS WARRIOR FOUNDATI
    P O BOX 13483
    TAMPA,FL33681     		N/A PUBLIC GENERAL OPERATIONS 3,000
    ST HUBERT'S GIRALDA ANIMAL WELFARE
    P O BOX 159
    MADISON,NJ07940     		N/A PUBLIC THERAPY 2,000
    TALL TIMBERS RESEARCH STATION FL
    13093 HENRY BEADEL DRIVE
    TALLAHASSEE,FL32312     		N/A PUBLIC LAND CONSERVANCY -IN MEMORY OF ROBER 5,000
    THOMAS JEFFERSON FOUNDATION
    P O BOX 316
    CHARLOTTESVILLE,VA22902     		N/A PUBLIC CURRENT OPERATIONS 5,000
    THOMASVILLE CENTER FOR THE ARTS (FO
    P O BOX 2177
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 1,000
    THOMAS COUNTY HISTORICAL SOCIETY
    P O BOX 1922
    THOMASVILLE,GA31799     		N/A PUBLIC ARCHIVES DEPARTMENT 1,000
    THOMASVILLE LANDMARKS
    P O BOX 1285
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 1,000
    THOMASVILLE-THOMAS COUNTY HUMANE SO
    180 BIG STAR DRIVE
    THOMASVILLE,GA31757     		N/A PUBLIC OPERATING FUNDS - IN MEMORY OF ANNE 5,000
    THRU THE BIBLE RADIO CA
    P O BOX 7100
    PASADENA,CA91109     		N/A PUBLIC MR. LEO KARLYN - WHERE NEEDED FOR RA 10,000
    TURNING POINT
    P O BOX 3838
    SAN DIEGO,CA92163     		N/A PUBLIC DAVID JEREMIAH - WHERE NEEDED FOR ME 4,000
    UNITED WAY OF THOMAS COUNTY
    P O BOX 1824
    THOMASVILLE,GA31799     		N/A PUBLIC ELDER CARE 3,000
    URBAN ALTERNATIVE TX
    P O BOX 4000
    DALLAS,TX75208     		N/A PUBLIC DR. ANTHONY T. EVANS - WHERE NEEDED 3,000
    WOUNDED WARRIORS PROJECT
    P O BOX 758517
    TOPEKA,KS66675     		N/A PUBLIC GENERAL OPERATIONS 3,000
    YALE SCHOOL OF ARCHITECTURE
    180 YORK STREET
    NEW HAVEN,CT06520     		N/A PUBLIC AT THE DISCRETION OF THE DEAN 10,000
    YMCA EVERETT-MILTON CENTER THOMASV
    P O BOX 1037
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 2,000
    YMCA FRANCIS F WESTON CENTER THOM
    P O BOX 1037
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 2,000
    Total .................................bullet 3a 231,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 25,779  
    4 Dividends and interest from securities....     14 70,703  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     14 269,458  
    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)..   365,940  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13365,940
    (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 (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    M+N ADVISORY SERVICES LLC 26,132 19,599   6,533

    TY 2011 CompensationExplanation
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Person Name Explanation
    BETSY B SCHAFER  
    GILBERT P SCHAFER III  
    JULIAN B SCHAFER  
    KENNETH G HOCHMAN  
    PAULETTE KITKO  
    JAMES C SEKERAK  

    TY 2011 GeneralExplanationAttachment
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Identifier Return Reference Explanation
    GENERAL RETURN INFORMATION   PART XVIII, PUBLIC INSPECTION - NEW REGULATIONS 6104(D)(4) EFFECTIVE MA
    GENERAL ELECTIONS    

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1873-3721 356,170 372,170

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 1873-3721 1,844,752 2,130,657
    CORPORATE STOCK 6459-9470 706,578 820,453
    MUTUAL FUND 1873-3721 157,025 153,996
    SPDR GOLD TRUST 1873-3721 89,883 118,552

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    US Government Securities - End of Year Book Value:

    271,457
    US Government Securities - End of Year Fair Market Value:

    304,249
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 OtherDecreasesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Description Amount
    COST ADJUSTMENT 3,213


    TY 2011 OtherExpensesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE 831 831    
    MISCELLANEOUS 305 305    
    INTEREST 23 23    


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FERGUSON WELLMAN CAPITAL MANAGEM 17,822 13,367   4,455
    K G HOCHMAN CONSULTING LLC 8,786 6,590   2,196
    P F KITKO MEETING FEE 1,500 1,125   375


    TY 2011 TaxesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 200 200    
    FOREIGN TAX WITHHELD 1,857 1,857