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
2010
For calendar year 2010, or tax year beginning 12-01-2010 , and ending 11-30-2011
G
Check all that apply:
Name of foundation
The Colen Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)8447 SW 99th Street Rd   Room/suite
City or town, state, and ZIP code
Ocala, FL34481
A Employer identification number

59-2474711
B Telephone number (see page 10 of the instructions)

(352) 873-0848
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$8,134,271J 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 117 117  
4 Dividends and interest from securities...... 181,163 181,163  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -107,510
b Gross sales price for all assets on line 6a 4,551,088
7 Capital gain net income (from Part IV, line 2)...  
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........ 73,770 181,280  
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)......... Click to see attachment 39,980 3,998   35,982
b Accounting fees (attach schedule)....... Click to see attachment 4,900 490   4,410
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,779     133
19 Depreciation (attach schedule) and depletion... Click to see attachment 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 13,501 12,213   1,288
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,160 16,701   41,813
25 Contributions, gifts, grants paid........ 463,736 463,736
26 Total expenses and disbursements. Add lines 24 and 25 523,896 16,701   505,549
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -450,126
b Net investment income (if negative, enter -0-) 164,579
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 4,359 15,946 15,946
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........... 592 5,770 5,770
10a Investments—U.S. and state government obligations (attach schedule) 2,163,711 Click to see attachment1,476,143 1,483,703
b Investments—corporate stock (attach schedule)........ 467,528 Click to see attachment2,922,179 2,919,245
c Investments—corporate bonds (attach schedule)........ 1,727,423 Click to see attachment1,298,352 1,150,960
11 Investments—land, buildings, and equipment: basis bullet73,188
Less: accumulated depreciation (attach schedule) bullet   73,188 Click to see attachment73,188 74,188
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,332,196 Click to see attachment2,523,321 2,484,459
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) 8,768,997 8,314,899 8,134,271
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) Click to see attachment25,344 Click to see attachment21,372
23 Total liabilities (add lines 17 through 22).......... 25,344 21,372
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 8,743,653 8,293,527
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,743,653 8,293,527
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,768,997 8,314,899
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 8,743,653
2 Enter amount from Part I, line 27a...................... 2 -450,126
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 8,293,527
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 8,293,527
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a        
b Capital Gain Dividends      
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       9,171
b        
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a        
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -107,510
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 20,304
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 476,002 8,155,265 0.05837
2008 432,588 7,413,090 0.05836
2007 540,095 9,728,338 0.05552
2006 604,863 11,419,675 0.05297
2005 772,749 11,301,149 0.06838
2 Total of line 1, column (d) ...................... 2 0.29359
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 0.05872
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 8,511,081
5 Multiply line 4 by line 3....................... 5 499,745
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,646
7 Add lines 5 and 6......................... 7 501,391
8 Enter qualifying distributions from Part XII, line 4.............. 8 505,549
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,646
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 1,646
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 1,646
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,160
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 4,160
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,514
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet2,514 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
 
No
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)bulletFL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBarbara Thomas Ortiz Telephone no.bullet (352) 873-0848
    Located atbullet8447 SW 99th St RdOcalaFL ZIP+4bullet34481
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    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 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Barbara Thomas Asst Sec
    2.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Leslee R Colen Asst Sec/Dir
    0.00     		0    
    5702 SUWANEE AVENUE
    TAMPA,FL33604
    Gerald R Colen Treas/Sec/Dir
    0.00     		0    
    7569 Aralia Way
    Largo,FL33777
    Robert Colen Asst Sec/Dir
    0.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Kenneth D Colen Vice Pres/Dir
    3.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Ina A Colen President/Dir
    2.00     		0    
    2291 World Parkway Blvd West
    Clearwater,FL33763
    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 PAYMENTS TO SUPPORT AND ASSIST AGED INDIVIDUALS IN MAINTAINING THEIR HOME ENVIRONMENT. ONE BENEFICIARY WAS ASSISTED DURING THE CURRENT YEAR. 736
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,814,706
    b
    Average of monthly cash balances.......................
    1b
    46,375
    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
    8,861,081
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    8,861,081
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment............................
    4
    350,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,511,081
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    425,554
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    425,554
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,646
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,646
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    423,908
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    423,908
    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
    423,908
    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
    505,549
    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
    505,549
    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
    1,646
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    503,903
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 423,908
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 15,866
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 505,549
    a Applied to 2009, but not more than line 2a 15,866
    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)...     		0
    d Applied to 2010 distributable amount..... 423,908
    e Remaining amount distributed out of corpus 65,775
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 65,775
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		65,775
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010.... 65,775
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Kenneth D Colen
    8447 SW 99th St Rd
    Ocala,FL34481
    (352) 854-0805
    bThe form in which applications should be submitted and information and materials they should include:
    The Foundation has an "Application for Grant" form to be completed by all 501(C)(3) applicants. A copy of the application is attached. In addition, the Foundation, through its Board of Directors, has established certain procedures to be followed in evaluating potential beneficiaries of its remainder interest program.The Board of Directors of The Colen Foundation, Inc. evaluates potential beneficiaries prior to approval of their participation in its rental or remainder interest program. The procedures set forth below are to be followed in evaluating each beneficiary:1. Advise the senior citizen to seek independent legal counsel and independent financial advice.2. Determine that the senior citizen has no more than a moderate income or low income that provides insufficient cash for daily living expenses.3. Determine that the market value of the senior citizen's home is in a moderate price range (in the case of the remainder interest program).4. Consult with the senior citizen's relatives
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation makes grants to qualified charities and provides assistance to the charitable class of the aged to enable members of the class to maintain a modest standard of living in their communities during their declining years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    The Perlman Music Program Suncoast
    PO Box 3407
    Sarasota,FL34230     		  501(c)3 Charitable Contribution 10,000
    American Red Cross FL Coast to Coas
    341 White Street
    Daytone Beach,FL32114     		  501(c)3 Charitable Contribution 5,000
    Congregation B'nai Israel of St Pet
    300 58th Street North
    St Petersburg,FL33710     		  501(c)3 Charitable Contribution 12,500
    Sister City Program of Gainesville
    5055 SW 91 Terrace
    Gainesville,FL32608     		  501(c)3 Charitable Contribution 10,000
    Moment Magazine Ctr for Creations
    4115 Wisconsin Ave NE Suite 102
    Washington,DC20016     		  501(c)3 Charitable Contribution 20,000
    Florida's Voice on Developmental Di
    PO Box 24531
    Ft Lauderdale,FL33307     		  501(c)3 Charitable Contribution 5,000
    Community Foundation of Tampa Bay
    550 North Reo St Suite 301
    Tampa,FL33609     		  501(c)3 Charitable Contribution 10,000
    Ruth Eckert Hall Inc
    1111 McMullen Booth Road
    Clearwater,FL33756     		  501(c)3 Charitable Contribution 25,000
    Israel Guide Dog Center for the Bli
    732 S Settlers Circle
    Warrington,PA18976     		  501(c)3 Charitable Contribution 1,000
    National Disaster Search Dog Founda
    501 E Ojai Avenue
    Ojai,CA93023     		  501(c)3 Charitable Contribution 2,500
    New Israel Fund
    330 Seventh Avenue 11th Floor
    New York,NY10001     		  501(c)3 Charitable Contribution 20,000
    Hillel Found at University of Flori
    2020 W University Avenue
    Gainesville,FL32603     		  501(c)3 Charitable Contribution 20,000
    Jewish Adoption and Foster Care Opt
    4200 North University Drive
    Sunrise,FL33351     		  501(c)3 Charitable Contribution 2,500
    Diocese of St Augustine
    134 East Church S
    Jacksonville,FL32202     		  501(c)3 Charitable Contribution 5,000
    Tampa Bay Performing Arts Center In
    1010 N WC MacInnes Place
    Tampa,FL33602     		  501(c)3 Charitable Contribution 25,000
    Jewish Theological Seminary
    3080 Broadway
    New York,NY10027     		  501(c)3 Charitable Contribution 5,000
    Florida Orchestra Inc
    244 Second Ave N Suite 420
    St Petersburg,FL33701     		  501(c)3 Charitable Contribution 10,000
    Canine Companions for Independence
    8150 Clarcona Ocoee Rd
    Orlando,FL32868     		  501(c)3 Charitable Contribution 1,000
    American Jewish University
    15600 Mulholland Dr
    BelAir,CA90077     		  501(c)3 Charitable Contribution 1,000
    WUSF Public Broadcasting-Radio
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		  501(c)3 Charitable Contribution 2,000
    WUSF Public Broadcasting-TV
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		  501(c)3 Charitable Contribution 2,000
    Horticultural Arts Park Inst Inc
    8447 SW 99TH ST
    Ocala,FL34481     		  501(c)3 Charitable Contribution 100,000
    Friends of Yad Lakashish
    PO Box 494
    Englewood,NJ07631     		  501(c)3 Charitable Contribution 3,000
    WEDU
    1300 North Boulevard
    Tampa,FL33607     		  501(c)3 Charitable Contribution 1,000
    UPARC Foundation
    1501 N Blecher Rd Ste 244
    Clearwater,FL33765     		  501(c)3 Charitable Contribution 1,000
    Memorial Sloan-Kettering Cance
    1275 York Avenue
    New York,NY10065     		  501(c)3 Charitable Contribution 1,000
    Horticultural Arts Park Inst Inc
    8447 SW 99th Street Road
    Ocala,FL34481     		  501(c)3 Charitable Contribution 150,000
    Hospice of Marion County
    321 SW 34th Ave
    Ocala,FL34478     		  501(c)3 Charitable Contribution 500
    AMER SOCIETY FOR YAD VASHEM
    500 Fifth Ave Ste 1600
    New York,NY10110     		  501(c)3 Charitable Contribution 1,000
    James Marion Tumberello
    9870-B SW 85th Terrace Rd
    Ocala,FL34481     		    SUPPORT AND ASSIST AGED INDIVIDUALS 736
    Ocala Symphony Orchestra
    416 SE Fort King Street
    OCALA,FL34471     		  501(c)3 Charitable Contribution 10,000
    US HOLOCAUST MUSEUM
    100 Raoul Wallenberg Place SW
    WASHINGTON,DC20024     		  501(c)3 Charitable Contribution 1,000
    Total .................................bullet 3a 463,736
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 117  
    4 Dividends and interest from securities....     14 181,163  
    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 -107,510  
    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)..   73,770  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1373,770
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      4,900 490 0 4,410

    TY 2010 CashDeemedCharitableExplnStmt
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Explanation:
    The Colen Foundation ("Foundation") submits for the reasons set forth below that cash balances greater than an amount equal to 1-1/2% of its assets of the type described in Treasury Regulation section 53.4942(a)-2(c)(3)(i) are necessary for payment of its anticipated expenses and charitable disbursements, within the meaning of Treasury Regulation section 53 .4942(a)-2(c)(3)(iv).During the past five tax years, the Foundation has distributed a total of $2,578,010 for an average of in excess of approximately $515,000 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/11 $505,54911/30/10 $480,15311/30/09 $437,27511/30/08 $544,97311/30/07 $610,060The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2012, and requires the cash deemed held for charitable purposes at its November, 2011 year end to accomplish this purpose.The officers and directors of the Foundation are not compensa

    TY 2010 GeneralExplanationAttachment
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Identifier Return Reference Explanation
        The Colen Foundation, Inc.59-2474711Form 990-PF, November 30, 2011IRC SECTION 754 STATEMENT:THE TAXPAYER IS A TRANSFEREE PARTNER IN ISHARES S&P GSCI COMMODITY-INDEXED TRUST WHO HAS A SPECIAL ADJUSTMENT UNDER INTERNAL REVENUE CODE (IRC) SECTION 743(B) PURSUANT TO THE IRC SECTION 754 ELECTION MADE BY ISHARES S&P GSCI COMMODITY-INDEXED TRUST. THE SPECIAL BASIS ADJUSTMENT WAS MADE IN ACCORDANCE WITH THE RULES PROVIDED IN IRC SECTION 743 AND 755 AND THE REGULATIONS THEREUNDER. DETAILED INFORMATION IS AVAILABLE IN THE OFFICE OF THE GENERAL PARTNER UPON REQUEST.
        The Colen Foundation, Inc.59-2474711Form 990-PF, November 30, 2011Part VIII, Line 1 - List of Officers, Directors, Trustees and Key EmployeesThe following employees average less than 25 hours/year and as such have an average weekly number of hours less than .5 and are thus rounded down to none:Robert Colen - Average annual hours: 15Gerald R Colen - Average Annual Hours: 25Leslee R Colen - Average Annual Hours: 15

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Dow Chemical Co 4.25% 11/9/10 15,359 15,089
    Intel Corp 1.95% 9/19/11 14,977 15,170
    Hydro-Quebec 9,998 10,161
    Wal-Mart Stores Inc 2.8% 4/18/11 19,926 21,238
    BP Capital Markets PLC 19,982 20,782
    Thermo Fisher Scientific 3.2% 2/22/11 20,354 21,050
    Petrobras Intl Fin Co 3.875% 1/27/11 14,994 15,224
    Lloyds Tsb Bank PLC 4.875% 1/21/11 19,989 19,547
    American Intl Group 4.25% 9/15/14 14,751 14,500
    Bbva US Senior SA Uniper 14,923 13,917
    Northwest Airlines Escrow dtd 3/15/97    
    Wachovia Corp 5.25% 8/1/14 21,662 21,114
    Vodafone Group PLC 21,502 20,200
    Time Warner Inc    
    Time Warner Inc    
    Time Warner Inc 15,011 15,521
    Time Warner Cable Inc 4.125% 2/15/21 24,842 24,876
    TD Ameritrade Holding Corp 14,970 15,865
    Simon Property Group 4.2% 25,051 26,426
    Royal Bank of Scotland dtd 3/16/10 24,981 24,248
    Rabobank Nederland 14,963 14,874
    PRUDENTIAL FINL INC    
    Kraft Foods Inc dtd 2/8/10 14,949 16,082
    JP Morgan Chase dtd 9/15/04 22,032 20,913
    Johnson Controls Inc Dtd 1/17/06 27,409 27,929
    HSBC Finance Corp 5% 6/30/15 27,289 25,528
    Household Finance Co 6.75 11/27/12 10,975 10,268
    American Express 2.75 % 9/15/15 14,912 14,854
    VERIZON COMMUNICATIONS 5.5% 2/15/2018 25,119 28,783
    UNITED TECHNOLOGIES 6.12 2/1/09 11,391 12,178
    TELEFONICA EMISIONES 4.949% 1/15/2015 20,000 19,741
    ROGERS WIRELESS INC 15,818 16,451
    PRUDENTIAL FINL INC 20,190 21,005
    PRIVATE EXPORT FUNDING DTD 2/26/09 4.375 50,457 57,764
    PFIZER INC 6.2% 3/15/2019 14,985 18,314
    ORCALE CORP 5.75% 4/15/18 15,444 17,889
    ONTARIO PROVINCE OF 4.0 10/7/2019 34,940 38,127
    NYSE EURONEXT 4.8% 6/28/13 15,521 15,800
    NEWS AMERICA INC 5.3% 12/15/2014 15,200 16,476
    MORGAN STANLEY GLOBAL 4.75% 24,964 23,997
    METLIFE INC 6.75% 6/1/2016 9,976 11,360
    MCDONALD'S CORP 5.8% 10/15/2017 10,832 12,169
    GOLDMAN SACHS 4.75% 7/15/2013 30,088 30,061
    GLAXOSMITHKLINE CAP 15,878 17,845
    GENERAL ELEC CAP CORP 4.8% 5/1/2013 29,678 31,332
    DIAGEO FINANCE BV 5.5% 4/1/2013 16,335 15,906
    DAIMLERCHRYSLER NORTH 6.5% 11/15/2013 15,451 16,295
    CRH AMERICA INC 5.3% 10/15/2013 20,063 20,744
    COMCAST CORP DTD 3/2/06 5.9% 3/15/2016 14,676 17,099
    CITIGROUP INC 6.125% 11/21/17 39,961 46,866
    CISCO SYSTEMS INC 5.5% 2/22/2016    
    CATERPILLAR FINANCIAL SE BOOK 14,927 16,667
    BARCLAYS BANK 5.5 9/22/2016 29,961 30,440
    AT&T INC 9,992 10,552
    ASTRAZENECA PLC 5.9% 9/15/2017 21,084 23,953
    Lehman Brothers Holdings Inc Med 100,000 25,750
    Bank of America Corp 41,382 40,461
    LEHMAN BROTHERS HOLDINGS MED TERM NOTES 52,000 13,390
    LEHMAN BROTHERS HOLDINGS MED TERM 100,243 24,000
    REPUBLIC NEW YORK C 15,995 14,169

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    John Deere Capital Co 9,987 9,987
    BNY Mellon Income Stock Fund MPISX 170,100 185,406
    Valero Energy Corp New 19,836 15,589
    Teradata Corporation 17,826 17,896
    Newfield Expl Co 13,504 11,450
    Metlife Inc 14,917 14,481
    Las Vegas Sands Corp 17,204 19,151
    Dover Corp 16,869 13,742
    Citigroup Inc 29,152 16,543
    Cameron International Corporation 16,900 17,817
    BB&T Corporation 13,590 12,048
    ARM Hldigs PLC 16,343 14,983
    Agilent Technologies 15,442 15,375
    Arcos Dorados Holdings Inc 9,045 8,330
    Watson Pharmaceuticals Inc 14,689 20,032
    Salesforce.com 16,114 18,947
    Rovi Corp 16,620 9,157
    Halliburton Co 9,758 12,512
    Exxon Mobile Corp 13,909 17,697
    Dreyfus/Newton International Equity 299,000 276,710
    Coca Cola Co. 15,568 18,824
    Celanese Corp Ser A 15,513 19,991
    BNY Mellon US Core Equity 130/30 261,000 236,786
    BNY Mellon Small/Mid Cap Fund 131,000 116,902
    BNY Mellon International Fund CL M 308,000 276,451
    Baxter International Inc 12,772 14,981
    Baidu.com Inc 12,063 15,850
    WALT DISNEY CO THE 12,295 15,774
    STRATEGIC INTERNATIONAL STOCK FUND SEC 14,000 13,102
    KRAFT FOODS INC CL A 12,839 18,436
    JOHNSON CONTROLS INC 9,354 16,055
    INVESCO LTD 9,528 12,352
    HONEYWELL INTL INC 10,293 17,869
    COVIDIEN PLC 11,726 15,942
    CLIFFS NATS RES INC 3,574 8,815
    CATERPILLAR INC 13,046 23,491
    BNY MELLON LARGE CAP STK FD CL M 845,903 908,307
    BNY MELLON EMERGING MARKETS FD CL M 472,900 441,464

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    US Government Securities - End of Year Book Value:

    1,345,505
    US Government Securities - End of Year Fair Market Value:

    1,345,572
    State & Local Government Securities - End of Year Book Value:


    130,638
    State & Local Government Securities - End of Year Fair Market Value:


    138,131


    TY 2010 InvestmentsLandSchedule2
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land       1,000
    Buildings 73,188   73,188 73,188

    TY 2010 InvestmentsOtherSchedule2
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TCW Emerging Markets Income fUnd AT COST 120,604 120,604
    Dryfus Select Mgr AT COST 220,104 220,104
    Dryfus Select Mgr AT COST 73,298 73,298
    Dryfus Emerging Mkt Debt AT COST 80,204 80,204
    BNY Mellon Mid Cap Stock Fund AT COST 354,606 354,606
    Strategic International Stock Fund AT COST 111,976 111,976
    BNY Mellon Income Stock Fund AT COST 600,000 600,000
    Highbridge Dynamic Commodities AT COST 73,200 63,436
    Dreyfus Global Real Estate Securities AT COST 178,000 165,303
    Dreyfus High Yield Fund AT COST 244,600 224,153
    Rydex Managed Future Strategy Fund AT COST 325,000 326,904
    Money Market - BNY Mellon CL M AT COST 99,938 99,944
    Covidien PLC AT COST    
    ISHARES S&P GSCI COMMODITY INDEX AT COST 41,791 43,927
    COVIDIEN PLC AT COST    
    Lehman Brothers Holdings Prfrd AT COST    
    Lehman Brothers Hldgs Prfrd AT COST    

    TY 2010 LegalFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 39,980 3,998 0 35,982


    TY 2010 OtherExpensesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Postage 12     12
    Office Supplies 40     40
    Investment Fees 12,213 12,213    
    Insurance 1,175     1,175
    Annual State Filing Fee 61     61


    TY 2010 OtherLiabilitiesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Remainder Interest 25,344 21,372


    TY 2010 TaxesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Real Estate Taxes 133     133
    Excise tax 1,646