Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)25 DE FOREST AVENUE   Room/suite
City or town, state, and ZIP code
SUMMIT, NJ07901
A Employer identification number

22-3591803
B Telephone number (see page 10 of the instructions)

(908) 918-9400
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$50,211,455J 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 323,521 323,521  
4 Dividends and interest from securities...... 963,743 963,743  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,050,730
b Gross sales price for all assets on line 6a 25,113,377
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........ -1,763,466 1,287,264  
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 50,573     50,573
b Accounting fees (attach schedule)....... Click to see attachment 57,281     57,281
c Other professional fees (attach schedule).... Click to see attachment 380,986 380,986    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 100,091     100,091
19 Depreciation (attach schedule) and depletion... Click to see attachment 26,859    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 19,005     19,005
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 634,795 380,986   226,950
25 Contributions, gifts, grants paid........ 5,046,000 5,046,000
26 Total expenses and disbursements. Add lines 24 and 25 5,680,795 380,986   5,272,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,444,261
b Net investment income (if negative, enter -0-) 906,278
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...............      
2 Savings and temporary cash investments.......... 7,012,206 10,809,607 10,809,607
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) 3,012,365 Click to see attachment1,792,523 1,961,827
b Investments—corporate stock (attach schedule)........ 17,921,155 Click to see attachment9,825,141 10,843,572
c Investments—corporate bonds (attach schedule)........ 16,185,122 Click to see attachment14,592,476 15,269,076
11 Investments—land, buildings, and equipment: basis bullet476,543
Less: accumulated depreciation (attach schedule) bullet114,028 389,374 Click to see attachment362,515 362,515
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 11,236,943 Click to see attachment5,223,747 5,174,848
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment83,115 Click to see attachment5,790,010 Click to see attachment5,790,010
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,840,280 48,396,019 50,211,455
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 55,840,280 48,396,019
30 Total net assets or fund balances (see page 17 of the
instructions).................... 55,840,280 48,396,019
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 55,840,280 48,396,019
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 55,840,280
2 Enter amount from Part I, line 27a..................... 2 -7,444,261
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 48,396,019
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 48,396,019
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 MSFI ANHEUSER BUSCH 142000 P 2010-06-02 2011-03-31
b MSFI HALLIBURTON 135000 P 2010-10-15 2011-03-30
c MSFI GOLDMAN SACHS 132000 P 2010-03-03 2011-12-20
d MSFI LEGG MASON SMASH 8264.721 P 2007-12-21 2011-08-25
e MSEQ ALCATEL 5000 P 2011-04-27 2011-06-13
MSEQ CALL AAPL OCT 11 @ 385.00 -3 P 2011-09-08 2011-09-19
MSEQ COCA-COLA 100 P 2010-12-16 2011-01-07
MSEQ FREEPORT 400 P 2010-09-01 2011-01-26
MSEQ L3 COMMUNICATIONS 1000 P 2011-05-17 2011-05-23
MSEQ CGMI 3000 P 2011-03-04 2011-08-01
MSEQ ST JOE 1600 P 2011-03-10 2011-04-15
MSEQ MAKO SURGICAL 1000 P 2010-03-04 2011-06-07
MSFI COMCAST 14600 P 2010-07-23 2011-07-14
MSFI KRAFT 34000 P 2011-03-31 2011-08-25
MSFI DTD 3000 P 2010-08-24 2011-12-20
MSFI LEGG MASON SMASH 83655.706 P 2007-07-11 2011-08-25
MSEQ ALCATEL 2000 P 2011-04-29 2011-06-13
MSEQ BRISTOL MYERS 2500 P 2011-04-12 2011-08-01
MSEQ CURRENCY SHARES 400 P 2011-01-03 2011-01-06
MSEQ FREEPORT 200 P 2010-09-08 2011-01-26
MSEQ MASTERCARD 250 P 2011-04-05 2011-05-23
MSEQ CGMI 3000 P 2011-03-07 2011-08-01
MSEQ ST JOE 400 P 2011-04-05 2011-04-15
MSEQ SCHLUMBERGER 100 P 2010-04-30 2011-08-19
MSFI COMCAST 26000 P 2011-07-14 2011-08-25
MSFI SCOTLAND 24000 P 2010-11-18 2011-08-25
MSFI JP MORGAN 25000 P 2010-08-17 2011-08-25
MSFI MERILL LYNCH 15000 P 2010-06-15 2011-08-25
MSEQ ALL SCRIPTS 1500 P 2011-01-10 2011-01-26
MSEQ BRISTOL MYERS 1000 P 2011-06-23 2011-08-01
MSEQ DR HORTON 4000 P 2011-05-27 2011-06-13
MSEQ GOLDCORP 1000 P 2011-03-01 2011-06-07
MSEQ MASTERCARD 50 P 2011-04-25 2011-05-23
MSEQ POTASH 1500 P 2010-12-29 2011-04-11
MSEQ SCHLUMBERGER 500 P 2010-04-30 2011-01-24
MSEQ SCHLUMBERGER 200 P 2010-05-25 2011-08-19
MSFI ENTERPRISE PROD 34000 P 2011-03-30 2011-08-25
MSFI US T BILL 428000 P 2011-02-18 2011-02-25
MSFI LEGG MASON 4709.75 P 2007-10-11 2011-08-25
MSFI TIME WARNER 26000 P 2010-05-26 2011-08-25
MSEQ ALL SCRPITS 1500 P 2011-01-10 2011-02-18
MSEQ BRISTOL MYERS 1300 P 2011-10-06 2011-11-25
MSEQ EMC CORP 1500 P 2010-01-26 2011-01-24
MSEQ GOLDCORP 1000 P 2011-04-05 2011-06-07
MSEQ MASTERCARD 100 P 2011-05-02 2011-05-23
MSEQ POTASH 600 P 2011-01-07 2011-04-11
MSEQ SCHLUMBERGER 200 P 2010-10-07 2011-08-19
SCHWAB LOOMIS SAYLES 9031 P 2009-02-10 2011-08-04
MSFI FED HOME LOAN MTG 60000 P 2010-10-07 2011-08-25
MSFI US T NOTE 427000 P 2011-03-15 2011-08-17
MSFI LEGG MASON 1719.917 P 2007-10-18 2011-08-25
MSFI US TSY INFLATION 108000 P 2007-07-12 2011-08-25
MSEQ ANGLO AMERICAN 2000 P 2010-12-29 2011-05-16
MSEQ BRISTOL MYERS 1700 P 2011-10-10 2011-11-25
MSEQ EMC CORP 800 P 2010-09-24 2011-06-13
MSEQ HAIN CELESTIAL 1500 P 2011-04-01 2011-06-13
MSEQ MASTERCARD 100 P 2011-05-03 2011-05-23
MSEQ PROSHARES 1500 P 2011-08-26 2011-09-22
MSEQ SELECT SECTOR SPDER 2200 P 2010-11-29 2011-01-20
SCHWAB PIMCO EMRG LOCAL 24149 P 2009-08-12 2011-08-04
MSFI FNMA 250000 P 2011-08-17 2011-08-25
MSFI US T NOTE 441000 P 2010-02-18 2011-01-07
MSFI LEGG MASON 8845.739 P 2007-11-19 2011-08-25
MSFI US TSY INFLATION 112000 P 2007-07-12 2011-11-10
MSEQ CGMI 2000 P 2011-02-02 2011-05-16
MSEQ CAMECO CORP 1000 P 2010-11-08 2011-01-27
MSEQ EMC CORP 700 P 2010-12-17 2011-06-13
MSEQ HAIN CELESTIAL 1500 P 2011-04-06 2011-06-13
MSEQ NYSE 1500 P 2011-01-13 2011-02-10
MSEQ PROSPECTUS 1500 P 2011-08-30 2011-09-22
MSEQ SELECT SECTOR SPDR 800 P 2011-01-13 2011-01-20
SCHWAB PIMCO UNCONSTRAINED 23996 P 2008-11-26 2011-08-04
MSFI FNMA 461000 P 2011-07-01 2011-02-11
MSFI US T NOTE 437000 P 2010-12-15 2011-03-15
MSFI LEGG MASON 18215.718 P 2008-01-09 2011-08-25
MSFI DTD 150000 P 2007-10-11 2011-11-10
MSEQ CALL NLY OCT 11 @ 18.00 -30 P 2011-09-14 2011-10-24
MSEQ CAMECO CORP 1000 P 2010-12-16 2011-01-27
MSEQ EMC CORP 500 P 2011-02-02 2011-06-13
MSEQ HAIN CELESTIAL 500 P 2011-05-05 2011-06-13
MSEQ NYSE 500 P 2011-02-02 2011-02-10
MSEQ PROSPECTUS 800 P 2011-08-31 2011-09-22
MSEQ TOLL BROS 2500 P 2011-05-27 2011-08-01
SCHWAB PIMCO EMERG LOCAL 30000 P 2009-12-30 2011-09-28
MSFI FNMA 400000 P 2011-02-11 2011-08-25
MSFI AT&T 25000 P 2009-01-16 2011-08-25
MSFI LESS MASON SMASH 656.977 P 2008-01-09 2011-11-18
MSFI DTD 29000 P 2009-07-14 2011-11-10
MSEQ APPLE 50 P 2010-06-01 2011-04-07
MSEQ CENTURY LINK 1000 P 2011-05-11 2011-07-20
MSEQ EMC CORP1000 P 2011-02-02 2011-08-05
MSEQ HALLIBURTON 1500 P 2011-07-07 2011-08-05
MSEQ NEWMONT MINING 400 P 2010-05-06 2011-01-12
MSEQ PROSHARES 1800 P 2011-11-11 2011-11-21
MSEQ TOLL BROS 1500 P 2011-06-23 2011-08-01
SCHWAB PIMCO TOTAL RETURN FUND 16852 P 2009-02-10 2011-09-28
MSFI FNMA 680000 P 2010-11-05 2011-08-25
MSFI AMERICAN EXPRESS 18000 P 2009-06-25 2011-08-25
MSFI LEGG MASON SMASH 9925.2 P 2007-07-11 2011-02-18
MSFI US TSY BOND 42000 P 2009-02-05 2011-08-25
MSEQ CGMI 50 P 2010-08-12 2011-04-07
MSEQ CENTURY LINK 500 P 2011-05-11 2011-07-28
MSEQ EMC CORP 2000 P 2011-02-09 2011-08-05
MSEQ ILLINOIS TOOL WORKS 1500 P 2010-12-17 2011-04-18
MSEQ NEWMONT MINING 500 P 2010-05-11 2011-01-12
MSEQ QUALCOMM 1200 P 2011-04-26 2011-08-19
MSEQ VERIZON 2000 P 2010-12-29 2011-03-21
SCHWAB PIMCO UNCONSTRAINED 15279 P 2009-02-10 2011-09-28
MSFI FNMA 100000 P 2010-12-20 2011-08-25
MSFI BARRICK GOLD 21000 P 2010-05-21 2011-08-25
MSFI LEGG MASON SMASH 2770.011 P 2007-08-17 2011-02-18
MSFI US TSY NOTE 88000 P 2009-07-22 2011-08-25
MSEQ APPLE 50 P 2010-09-08 2011-04-14
MSEQ CENTURY LINK 500 P 2011-06-01 2011-07-28
MSEQ EMC CORP 1000 P 2011-04-27 2011-08-05
MSEQ ILLINOIS TOOL WORKS 500 P 2011-01-07 2011-04-18
MSEQ NEWMONT MINING 300 P 2010-05-14 2011-01-12
MSEQ CGMI 500 P 2011-06-23 2011-08-19
MSEQ VERIZON 1000 P 2011-02-03 2011-03-21
BII REDEMPTION-499 SHARES P 2006-04-01 2011-12-28
MSFI FNMA 434000 P 2010-12-20 2011-10-20
MSFI CVS 21000 P 2010-05-17 2011-08-25
MSFI LEGG MASON SMASH 1828.421 P 2007-09-20 2011-02-18
MSFI US TSY NOTE 32000 P 2010-02-18 2011-08-25
MSEQ CGMI 150 P 2010-12-16 2011-04-14
MSEQ CERNER CORP 800 P 2010-12-17 2011-01-03
MSEQ EXXON MOBIL 200 P 2011-01-07 2011-08-19
MSEQ INTEL CORP 3000 P 2011-05-04 2011-07-21
MSEQ ORACLE CORP 1600 P 2010-12-09 2011-08-19
MSEQ RANGE 1000 P 2011-09-22 2011-09-26
MSEQ VISA 700 P 2011-04-04 2011-05-23
SPI REDEMPTION P 2008-06-01 2011-12-31
MSFI FNMA 15000 P 2011-01-27 2011-10-20
MSFI FED NAT MTG 30000 P 2010-02-14 2011-08-25
MSFI LEGG MASON SMASH 18473.038 P 2007-10-11 2011-02-18
MSFI VERIZON 25000 P 2009-02-10 2011-08-25
MSEQ APPLE 100 P 2011-07-21 2011-10-05
MSEQ CGMI 100 P 2010-12-20 2011-01-03
MSEQ FORD 3000 P 2010-10-08 2011-02-02
MSEQ INTEL BUSINESS 300 P 2010-10-08 2011-06-07
MSEQ CGMI 400 P 2010-12-16 2011-08-19
MSEQ SPDR 400 P 2011-09-22 2011-11-11
MSEQ VISA 300 P 2011-04-26 2011-05-23
NEWCASTLE REDEMPTION ADJ P 2008-07-01 2011-12-31
MSFI FNMA 20000 P 2011-06-07 2011-10-20
MSFI FED NAT MTG 76000 P 2008-10-02 2011-08-25
MSFI LEGG MASON SMASH 16833.296 P 2007-10-11 2011-08-25
MSFI WACHOVIA BANK 24000 P 2009-08-12 2011-08-25
MSEQ VS HIGHEST P 2011-07-25 2011-10-05
MSEQ CISCO SYS 3000 P 2010-12-29 2011-01-24
MSEQ FORD 500 P 2010-11-04 2011-02-02
MSEQ ISHARES 1000 P 2011-03-07 2011-04-04
MSEQ CGMI 600 P 2010-12-20 2011-08-19
MSEQ PROSPECTUS 600 P 2011-09-28 2011-11-11
MSEQ EXXON MOBIL 500 P 2010-06-07 2011-08-19
MSFI FNMA 825000 P 2010-11-05 2011-02-11
MSFI GEN ELECTRIC 25000 P 2008-01-17 2011-08-25
MSFI LEGG MASON SMASH 382.139 P 2007-10-18 2011-08-25
MSEQ NOBLE 2000 P 2011-01-12 2011-01-24
MSEQ CGMI 150 P 2011-09-19 2011-10-15
MSEQ COCA-COLA 600 P 2010-09-01 2011-01-07
MSEQ FORD 500 P 2011-01-07 2011-02-02
MSEQ CALL NJN OCT 11 @ 65.00 P 2011-09-08 2011-09-19
MSEQ CGMI 1000 P 2010-12-20 2011-08-19
MSEQ PROSPECTUS 400 P 2011-10-06 2011-11-11
MSEQ EXXON MOBIL 300 P 2010-06-18 2011-08-19
MSFI FNMA 18000 P 2010-12-08 2011-02-11
MSFI GOLDMAN SACHS 16000 P 2010-03-03 2011-08-25
MSFI LEGG MASON SMASH 2648.305 P 2007-11-19 2011-08-25
MSEQ ALCATEL 7000 P 2011-04-24 2011-06-07
MSEQ APPLE 200 P 2011-07-14 2011-10-06
MSEQ COCA-COLA 300 P 2010-09-08 2011-01-07
MSEQ FORD 1000 P 2011-01-13 2011-02-02
MSEQ L3 COMMUNICATIONS 500 P 2011-05-13 2011-06-07
MSEQ PEOPLES 4000 P 2011-03-02 2011-08-01
MSEQ SPDR DOW JONES 600 P 2011-11-22 2011-11-30
MSEQ LINN ENERGY 400 P 2009-02-12 2011-02-11
(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 152,559   148,330 4,229
b 154,380   162,736 -8,356
c 128,897   130,540 -1,643
d 74,961   77,192 -2,231
e 26,000   32,350 -6,350
5,205   10,107 -4,902
6,276   6,517 -241
44,219   30,344 13,875
80,182   84,406 -4,224
37,636   37,840 -204
39,359   43,314 -3,955
30,999   13,687 17,312
160,632   154,741 5,891
38,384   35,811 2,573
2,929   3,111 -182
865,000   811,460 53,540
10,400   13,066 -2,666
71,137   68,660 2,477
51,843   53,239 -1,396
22,110   15,863 6,247
68,181   65,873 2,308
37,636   37,500 136
9,840   10,655 -815
7,407   7,178 229
28,487   28,917 -430
23,260   24,101 -841
25,291   25,376 -85
15,567   15,633 -66
30,360   31,252 -892
28,455   29,050 -595
43,588   48,151 -4,563
48,272   49,759 -1,487
13,636   13,607 29
85,646   76,121 9,525
42,145   35,891 6,254
14,813   11,705 3,108
36,816   35,055 1,761
427,979   427,983 -4
39,892   46,156 -6,264
27,486   26,147 1,339
30,748   31,252 -504
39,324   42,003 -2,679
35,840   26,096 9,744
48,272   52,017 -3,745
27,273   27,652 -379
34,258   33,338 920
14,813   12,588 2,225
133,250   95,585 37,665
68,105   66,906 1,199
450,502   444,985 5,517
14,568   16,580 -2,012
146,441   101,045 45,396
48,150   52,280 -4,130
51,424   55,789 -4,365
21,039   17,392 3,647
46,261   49,920 -3,659
27,273   28,352 -1,079
69,374   67,275 2,099
35,815   31,856 3,959
266,550   227,749 38,801
84,351   86,178 -1,827
462,016   447,081 14,935
74,923   82,000 -7,077
156,896   104,788 52,108
48,150   52,800 -4,650
38,657   34,274 4,383
18,409   16,099 2,310
46,261   49,200 -2,939
56,086   49,314 6,772
69,374   64,811 4,563
13,024   13,239 -215
266,550   237,849 28,701
451,899   460,405 -8,506
428,670   423,736 4,934
154,287   169,224 -14,937
210,128   148,096 62,032
1,020     1,020
38,657   38,739 -82
13,149   12,745 404
15,420   17,592 -2,172
18,695   16,528 2,167
36,999   34,480 2,519
49,828   53,345 -3,517
302,950   288,489 14,461
170,182   166,463 3,719
28,708   25,380 3,328
5,643   6,103 -460
40,625   29,726 10,899
16,861   13,278 3,583
37,839   41,436 -3,597
22,169   25,490 -3,321
69,185   80,866 -11,681
23,077   22,094 983
77,399   73,152 4,247
29,897   31,335 -1,438
181,950   172,804 9,146
254,391   259,366 -4,975
19,837   18,390 1,447
89,426   96,374 -6,948
49,112   48,169 943
16,861   12,585 4,276
18,861   20,718 -1,857
44,338   53,280 -8,942
78,680   78,230 450
28,846   29,134 -288
57,218   68,672 -11,454
73,019   71,227 1,792
166,950   155,346 11,604
97,070   94,714 2,356
25,282   24,370 912
24,958   26,232 -1,274
97,144   85,284 11,860
16,648   13,184 3,464
18,861   21,558 -2,697
22,169   27,996 -5,827
26,227   27,000 -773
17,308   17,249 59
23,841   27,255 -3,414
36,509   36,360 149
6,323,328   9,427,875 -3,104,547
402,715   394,116 8,599
25,142   23,618 1,524
16,474   17,370 -896
34,119   32,366 1,753
49,945   48,259 1,686
76,971   78,110 -1,139
14,307   15,122 -815
68,220   69,840 -1,620
40,613   46,768 -6,155
57,709   67,500 -9,791
53,733   52,450 1,283
5,710,986   6,000,000 -289,014
13,919   13,549 370
41,952   36,128 5,824
166,442   177,895 -11,453
29,409   25,727 3,682
37,191   38,772 -1,581
9,621   9,617 4
46,557   40,830 5,727
49,458   41,656 7,802
10,153   12,158 -2,005
50,551   44,920 5,631
23,028   23,602 -574
161     161
18,558   18,460 98
90,065   77,474 12,591
152,678   162,105 -9,427
27,182   24,524 2,658
18,595   19,916 -1,321
63,419   60,900 2,519
7,759   7,940 -181
49,599   46,249 3,350
15,230   19,128 -3,898
75,827   69,600 6,227
35,766   29,839 5,927
786,930   840,324 -53,394
24,958   24,350 608
3,466   3,680 -214
74,763   76,297 -1,534
55,786   61,456 -5,670
37,655   34,278 3,377
7,759   9,094 -1,335
3,390   1,845 1,545
25,383   31,906 -6,523
50,551   46,131 4,420
21,460   18,933 2,527
17,169   17,557 -388
15,842   15,823 19
24,020   25,000 -980
38,779   45,290 -6,511
75,452   71,795 3,657
18,827   17,321 1,506
15,519   18,918 -3,399
40,091   41,784 -1,693
50,182   50,920 -738
72,149   68,711 3,438
15,229   6,395 8,834
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       4,229
b       -8,356
c       -1,643
d       -2,231
e       -6,350
      -4,902
      -241
      13,875
      -4,224
      -204
      -3,955
      17,312
      5,891
      2,573
      -182
      53,540
      -2,666
      2,477
      -1,396
      6,247
      2,308
      136
      -815
      229
      -430
      -841
      -85
      -66
      -892
      -595
      -4,563
      -1,487
      29
      9,525
      6,254
      3,108
      1,761
      -4
      -6,264
      1,339
      -504
      -2,679
      9,744
      -3,745
      -379
      920
      2,225
      37,665
      1,199
      5,517
      -2,012
      45,396
      -4,130
      -4,365
      3,647
      -3,659
      -1,079
      2,099
      3,959
      38,801
      -1,827
      14,935
      -7,077
      52,108
      -4,650
      4,383
      2,310
      -2,939
      6,772
      4,563
      -215
      28,701
      -8,506
      4,934
      -14,937
      62,032
      1,020
      -82
      404
      -2,172
      2,167
      2,519
      -3,517
      14,461
      3,719
      3,328
      -460
      10,899
      3,583
      -3,597
      -3,321
      -11,681
      983
      4,247
      -1,438
      9,146
      -4,975
      1,447
      -6,948
      943
      4,276
      -1,857
      -8,942
      450
      -288
      -11,454
      1,792
      11,604
      2,356
      912
      -1,274
      11,860
      3,464
      -2,697
      -5,827
      -773
      59
      -3,414
      149
      -3,104,547
      8,599
      1,524
      -896
      1,753
      1,686
      -1,139
      -815
      -1,620
      -6,155
      -9,791
      1,283
      -289,014
      370
      5,824
      -11,453
      3,682
      -1,581
      4
      5,727
      7,802
      -2,005
      5,631
      -574
      161
      98
      12,591
      -9,427
      2,658
      -1,321
      2,519
      -181
      3,350
      -3,898
      6,227
      5,927
      -53,394
      608
      -214
      -1,534
      -5,670
      3,377
      -1,335
      1,545
      -6,523
      4,420
      2,527
      -388
      19
      -980
      -6,511
      3,657
      1,506
      -3,399
      -1,693
      -738
      3,438
      8,834
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 -3,050,730
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 -41,959
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 9,306,091 57,269,889 0.162495
2009 6,272,911 57,096,529 0.109865
2008 7,139,363 68,362,901 0.104433
2007 4,580,363 72,053,792 0.063569
2006 4,190,914 54,920,263 0.076309
2 Total of line 1, column (d) ...................... 2 0.516671
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 0.103334
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 52,655,262
5 Multiply line 4 by line 3....................... 5 5,441,079
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 9,063
7 Add lines 5 and 6......................... 7 5,450,142
8 Enter qualifying distributions from Part XII, line 4.............. 8 5,272,950
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 18,126
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 18,126
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 18,126
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 193,337
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.............. 7 193,337
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 10 175,211
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet175,211 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)bulletNJ
    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 addressbulletN/A
    14
    The books are in care ofbulletWILLIAM S CRANE Telephone no.bullet (908) 277-2350
    Located atbullet25 DEFOREST AVENUESUMMITNJ ZIP+4bullet07901
    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
     
    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 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
    Yes
     
    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
    NICHOLAS J BOURASClick to see attachment PRES/MEMBER
    5.00     		0 0 0
    112 BEEKMAN RD
    SUMMIT,NJ07901
    WILLIAM S CRANEClick to see attachment TRUSTEE
    5.00     		0 0 0
    265 MEETING HOUSE LANE
    MOUNTAINSIDE,NJ07092
    ANDREW J STAMELMANClick to see attachment TRUSTEE
    1.00     		0 0 0
    1 SPEEDWELL AVE
    MORRISTOWN,NJ07962
    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
    CTR FINANCIAL GROUP LLC INVEST.ADVISORY 206,117
    25 DEFOREST AVENUE
    SUITE 101
    SUMMIT,NJ07901
    CRANE TONELLI ROSENBERG & CO LLP ACCOUNTING SVCS 57,281
    25 DEFOREST AVENUE
    SUITE 101
    SUMMIT,NJ07901
    RIKER DANZIG SCHERER HYLAND
    & PERRETTI LLP     		LEGAL SVCS 50,573
    HEADQUARTERS PLAZA
    ONE SPEEDWELL AVENUE
    MORRISTOWN,NJ07962
    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
    46,972,739
    b
    Average of monthly cash balances.......................
    1b
    6,484,380
    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
    53,457,119
    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
    53,457,119
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    801,857
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,655,262
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,632,763
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,632,763
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    18,126
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,126
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,614,637
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,614,637
    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
    2,614,637
    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
    5,272,950
    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
    5,272,950
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,272,950
    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 2,614,637
    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....... 1,667,215
    b From 2007....... 2,235,164
    c From 2008....... 3,779,809
    d From 2009....... 3,470,428
    e From 2010....... 6,539,118
    fTotal of lines 3a through e......... 17,691,734
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 5,272,950
    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..... 2,614,637
    e Remaining amount distributed out of corpus 2,658,313
    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 20,350,047
    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) .............     		1,667,215
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		18,682,832
    10 Analysis of line 9:
    a Excess from 2007.... 2,235,164
    b Excess from 2008.... 3,779,809
    c Excess from 2009.... 3,470,428
    d Excess from 2010.... 6,539,118
    e Excess from 2011.... 2,658,313
    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).)
    NICHOLAS J BOURAS
    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.
    NICHOLAS J BOURAS
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    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
    AMERICAN HELLENIC INSTITU
    1220 16TH ST NW
    WASHINGTON,DC20036     		NONE PUBLIC SUPPORT OF GREEK CULTURE 10,000
    CHILDREN'S TUMOR FOUNDATI
    95 PINE ST 16TH FL
    NEW YORK,NY10005     		NONE PUBLIC CANCER RESEARCH 250,000
    CHILDRENS SPECIALIZED HOS
    NEW PROVIDENCE ROAD
    MOUNTAINSIDE,NJ07092     		NONE PUBLIC CHILDRENS HOSPITAL 50,000
    COLONIAL CROSSROADS CHAPT
    695 SPINGFIELD AVE
    SUMMIT,NJ07901     		NONE PUBLIC SUPPORT OF NEEDY 5,000
    GREEK AMERICAN NURSING HO
    220 FIRST STEET
    WHEELING,IL60090     		NONE PUBLIC CARE OF ELDERLY GREEK AMERICANS 600,000
    GREEK ORTHODOX ARCHDIOCES
    8 EAST 79TH STREET
    NEW YORK,NY10021     		NONE PUBLIC SUPPORT OF GREEK ORTHODOX RELIGION 1,400,000
    HELLENICARE
    980 NORTH MICHIGAN AVE SU
    CHICAGO,IL60611     		NONE PUBLIC MEDICAL RELIEF FUND 100,000
    HOLY TRINITY INTERPAROCHI
    336 FIRST STREET
    WESTFIELD,NJ07090     		NONE PUBLIC SUPPORT OF LOCAL CHARITY 2,000
    INTERFAITH CENTER OF PHIL
    2723 CHESTNUT STREET
    PHILADELPHIA,PA19104     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 15,000
    ORTHODOX CHRISTIAN MISSIO
    PO BOX 4319
    ST AUGUSTINE,FL32085     		NONE PUBLIC SUPPORT OF GREEK ORTHODOX RELIGION 325,000
    ORTHODOX CHRISTIAN NETWOR
    PO BOX 4690
    FT LAUDERDALE,FL33338     		NONE PUBLIC SUPPORT OF CHRISTIAN RADIO 10,000
    OVERLOOK HOSPITAL FOUNDAT
    36 UPPER OVERLOOK RD
    SUMMIT,NJ07901     		NONE PUBLIC SUPPORT OF LOCAL HOSPITAL FOUNDATION 250,000
    SAGE ELDER CARE
    290 BROAD STREET
    SUMMIT,NJ07091     		NONE PUBLIC SUPPORT OF AGED 25,000
    ST BASIL ACADEMY
    79 SAINT BASIL ROAD
    GARRISON,NY10524     		NONE PUBLIC SUPPORT OF EDUCATION 100,000
    ST ANNAS GREEK ORTHODOX
    PO BOX 2505
    FLEMINGTON,NJ08822     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 300,000
    ST BARBARA GREEK ORHTODO
    2200 CHURCH ROAD
    TOMS RIVER,NJ08753     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 15,000
    ST MICHAELS HOME
    3 LEHMAN TERRACE
    YONKERS,NY10705     		NONE PUBLIC SUPPORT OF NURSING HOME 10,000
    STREETLIGHT MISSION
    PO BOX 843
    ELIZABETH,NJ07207     		NONE PUBLIC SUPPORT OF INNERCITY HOMELESS 10,000
    SUMMIT EDUCATION FOUNDATI
    14 BEEKMAN TERRACE
    SUMMIT,NJ07901     		NONE PUBLIC SUPPORT OF LOCAL EDUCATION 50,000
    SUMMIT YMCA
    490 SUMMIT AVE
    SUMMIT,NJ07901     		NONE PUBLIC SUPPORT OF YOUTH RECREATION 50,000
    THOMAS I GLASSER MEM FUN
    PO BOX 143
    SUMMIT,NJ07902     		NONE PUBLIC SUPPORT OF LOCAL SCHOLARSHIP FUND 10,000
    TJ MARTELL FOUNDATION
    555 MADISON AVE
    NEW YORK,NY10022     		NONE PUBLIC CANCER RESEARCH 15,000
    ST NICHOLAS & CONSTANTINE HELEN CHU
    80 LAUREL AVE
    ROSELAND,NJ07068     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 50,000
    ORTHODOX MISSIONS MEXICO
    708 HANBURY DRIVE
    DES PLAINES,IL60016     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 200,000
    KIMISIS TIS THEOTOKOU GO CHURCH
    20 HILLCREST ROAD
    HOLMDEL,NJ07733     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 942,000
    PROTEUS NY INC
    302A W 12 STREET
    NEW YORK,NY10014     		NONE PUBLIC SUPPORT OF PERFORMING ARTS 20,000
    ST NICHOLAS GREEK ORTHODOX CATHEDR
    301 NORTH PINELLAS AVE
    TARPON SPRINGS,FL34689     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 10,000
    ST SOPHIA BUILDING FUND
    900 SOUTH TROOPER ROAD
    JEFFERSONVILLE,PA19403     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 10,000
    WRITE ON SPORTS
    PO BOX 833
    SOUTH ORANGE,NJ07079     		NONE PUBLIC SUPPORT OF CHILDRENS RECREATION 1,000
    HOLY TRINITY GOC
    250 GALLOWS HILL ROAD
    WESTFIELD,NJ07090     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 10,000
    INTERNATIONAL ORTH CHRISTIAN CHARI
    110 WEST ROAD
    BALTIMORE,MD21204     		NONE PUBLIC SUPPORT OF CHRISTIAM MISSIONS 20,000
    PLAINFIELD AREA YMCA
    518 WATCHUNG AVE
    PLAINFIELD,NJ07060     		NONE PUBLIC CHILDRENS RECREATION 10,000
    ST IAKOVOS RETREAT CENTER
    40 E BURTON PLACE
    CHICAGO,IL60610     		NONE PUBLIC SUPPORT OF GREEK RELIGION 1,000
    COMMUNITY BLOOD SERVICES
    970 LINDWOOD AVE WEST
    PARAMUS,NJ07652     		NONE PUBLIC SUPPORT OF MEDICAL SERVICES 10,000
    GOC OF ST THOMAS
    615 MERCER ST
    CHERRY HILL,NJ08002     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 10,000
    SUMMIT SPEECH SCHOOL
    705 CENTRAL AVE
    SUMMIT,NJ07974     		NONE PUBLIC SUPPORT OF CHILDRENS ORGANIZATION 10,000
    PARENTS FOR MIDDLE SCHOOL SPORTS
    PO BOX 525
    BERKELEY HEIGHTS,NJ07922     		NONE PUBLIC CHILDRENS RECREATION 15,000
    ANNUNCIATION GREEK ORTHODOX CHURCH
    302 WEST 91 STREET
    NEW YORK,NY10024     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 50,000
    ONE BRIGHT WORLD
    25 DEFOREST AVE
    SUMMIT,NJ07901     		NONE PUBLIC SUPPORT OF CHILDRENS SCHOOL 5,000
    GOC OF THE ASSUMPTION
    PO BOX 454
    WINDHAM,NY12496     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 30,000
    MORRIS HABITAT FOR HUMANITY
    102 IRON MOUNTAIN ROAD
    MINE HILL,NJ07803     		NONE PUBLIC CHRISTIAN HOUSING MINISTRY 10,000
    BONDS OF COURAGE
    561 SPRINGFIELD AVE
    SUMMIT,NJ07901     		NONE PUBLIC MILITARY SUPPORT 5,000
    HOLY TRINITY- ST NICHOLAS GOC
    1641 RICHMOND AVE
    STATEN ISLAND,NY10314     		NONE PUBLIC SUPPORT OF LOCAL CHURCH 25,000
    Total .................................bullet 3a 5,046,000
    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     14 323,521  
    4 Dividends and interest from securities....     14 963,743  
    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 -3,050,730  
    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)..   -1,763,466  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-1,763,466
    (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:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 57,281     57,281

    TY 2011 CompensationExplanation
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Person Name Explanation
    NICHOLAS J BOURAS  
    WILLIAM S CRANE  
    ANDREW J STAMELMAN  

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

    TY 2011 DepreciationSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
                26,859      

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SSB 643-71062 10,868,709 11,471,965
    SCHWAB 6047-8811 3,723,767 3,797,111

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Name of Stock End of Year Book Value End of Year Fair Market Value
    499 SHARES BOURAS INDUSTRIES INC    
    EQUITIES FUNDS-SCHWAB 6047-8811 7,846,626 8,763,048
    EQUITES-SSB 643-27404 1,978,515 2,080,524

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    US Government Securities - End of Year Book Value:

    1,792,523
    US Government Securities - End of Year Fair Market Value:

    1,961,827
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsLandSchedule2
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE 118,261 50,256 68,005 68,005
    LEASEHOLD IMPROVEMENTS 358,282 63,772 294,510 294,510

    TY 2011 InvestmentsOtherSchedule2
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENTS IN LPS AT COST 5,223,747 5,174,848

    TY 2011 LegalFeesSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 50,573      


    TY 2011 OtherAssetsSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST AND DIVIDENDS 83,115 79,024 79,024
    DUE FROM SPI INVESTMENT   5,710,986 5,710,986


    TY 2011 OtherExpensesSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMPUTER EXPENSES 1,208     1,208
    LICESES AND PERMITS 30     30
    INSURANCE EXPENSE 10,622     10,622
    OFFICE EXPENSE 2,266     2,266
    TELEPHONE 4,869     4,869
    BANK CHARGES 10     10


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 300,936 300,936    
    INV MGT FEES PER PINE GROVE K-1 76,306 76,306    
    INV FEES FOX HOUND K-1 37 37    
    INV FEES BIH K-1 80 80    
    INV FEES LINN K-1 3,107 3,107    
    INV FEES POWERSHARES K-1 520 520    


    TY 2011 TaxesSchedule
    Name:
    NICHOLAS J AND ANNA K BOURAS
    FOUNDATION INC
    EIN: 22-3591803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 100,091     100,091