Form990-PF
Click to see list of attachments

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
WILLIAM C DOWLING JR FOUNDATION
JOHN EVANSPRESIDENT co BELAIR & EVANS

Number and street (or P.O. box number if mail is not delivered to street address)61 BROADWAY   Room/suite
City or town, state, and ZIP code
NEW YORK, NY10006
A Employer identification number

47-0933520
B Telephone number (see page 10 of the instructions)

(516) 482-7777
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$18,236,210J 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 142,829 142,829 142,829
4 Dividends and interest from securities...... 111,870 111,870 111,870
5a Gross rents.............. 171,500 171,500 171,500
b Net rental income or (loss) -27,798
6a Net gain or (loss) from sale of assets not on line 10 590,487
b Gross sales price for all assets on line 6a 5,295,960
7 Capital gain net income (from Part IV, line 2)... 590,487
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........ 1,016,686 1,016,686 426,199
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 240,000 48,000   192,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,115     3,115
b Accounting fees (attach schedule)....... Click to see attachment 69,794     69,794
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 22,079 8,733   13,346
19 Depreciation (attach schedule) and depletion... Click to see attachment 166,925 166,925  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,985     7,985
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 181,600 131,345   50,255
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 691,498 355,003   336,495
25 Contributions, gifts, grants paid........ 585,550 585,550
26 Total expenses and disbursements. Add lines 24 and 25 1,277,048 355,003   922,045
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -260,362
b Net investment income (if negative, enter -0-) 661,683
c Adjusted net income (if negative, enter -0-)... 426,199
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.......... 1,247,767 1,006,297 1,006,297
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) 1,002,763 952,046 1,040,070
b Investments—corporate stock (attach schedule)........ 8,550,891 8,323,821 9,356,151
c Investments—corporate bonds (attach schedule)........ 1,816,122 1,236,408 1,268,378
11 Investments—land, buildings, and equipment: basis bullet4,764,046
Less: accumulated depreciation (attach schedule) bullet166,776 4,768,314 Click to see attachment4,597,270 4,014,046
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   1,657,983 1,547,000
14 Land, buildings, and equipment: basis bullet4,268
Less: accumulated depreciation (attach schedule) bullet149   Click to see attachment4,119 4,268
15 Other assets (describe bullet) Click to see attachment455,000    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,840,857 17,777,944 18,236,210
Liabilities 17 Accounts payable and accrued expenses.......... 1,896 21,083
18 Grants payable................... 40,000 216,200
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 attachment14,000 Click to see attachment14,000
23 Total liabilities (add lines 17 through 22).......... 55,896 251,283
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 17,784,961 17,526,661
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).................... 17,784,961 17,526,661
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 17,840,857 17,777,944
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 17,784,961
2 Enter amount from Part I, line 27a..................... 2 -260,362
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,062
4 Add lines 1, 2, and 3.......................... 4 17,526,661
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 17,526,661
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 65000 US TREASURY NOTE 7.25% P 2008-11-11 2011-11-04
b 8650 SWIRE PACIFIC LTD P 2011-11-11 2011-11-08
c 8732 FOREST CITY ENTERPRISES P 2008-05-14 2011-11-08
d 1122 BROOKFIELD ASSET MGNT P 2008-05-14 2011-11-08
e 40000 SHELL INTERNATIONAL FIN P 2010-09-03 2011-11-08
80000 US TREASURY NOTES 1.375% P 2010-09-01 2011-11-04
710 ICICI LTD P 2008-04-14 2011-10-21
549 ICICI LTD P 2008-04-14 2011-10-14
717 IMPERIAL OIL LTD P 2009-09-08 2011-10-07
365 ICICI LTD P 2008-04-14 2011-10-07
1988 SWIRE PACIFIC LTD P 2011-11-11 2011-10-06
545 LOWES CORP P 2010-08-25 2011-10-03
605 FRANCO NEV CORP P 2010-11-19 2011-12-27
149 CNOOC LTD P 2005-06-03 2011-12-27
50000 HOME DEPOT INC NOTES P 2007-05-11 2011-12-23
639 IMPERIAL OIL LTD P 2009-11-11 2011-12-21
40000 MERCK & CO P 2009-11-10 2011-11-29
493 LOWES CORP P 2009-11-11 2011-11-08
2013 JARDEN CORP P 2008-11-11 2011-11-08
3052 GRUPO TELEVISO P 2008-11-11 2011-11-08
800 FRANCO NEV CORP P 2008-11-11 2011-11-08
1720 CBRE GROUP P 2010-02-22 2011-11-08
1300 AUTONATION INC P 2011-11-11 2011-11-08
716 CARNIVAL CORP P 2009-12-10 2011-11-07
627 AUTONATION INC P 2011-11-11 2011-11-07
1780.31 HARBOR INTERNATIONAL FUND P 2011-11-11 2011-11-04
439 FRANCO NEV CORP P 2010-10-08 2011-11-03
9.6354 SILVERCREST MARKET NEUTRAL P 2008-11-11 2011-10-31
546 CARNIVAL CORP P 2009-02-10 2011-10-31
379 AUTONATION INC P 2011-11-11 2011-10-28
CASH IN LIEU-LIBERTY MEDIA P 2011-07-13 2011-11-29
626 NYSE EURONEXT P 2005-12-09 2011-09-26
80000 MCDONNELL DOUGLAS P 2008-12-09 2011-09-26
442 LOWES CORP P 2010-08-16 2011-09-22
15000 SHELL INTERNATIONAL FIN P 2010-09-03 2011-09-22
558 LOWES CORP P 2010-08-06 2011-09-16
475 GOLDMAN SACHS GROUP P 2011-03-09 2011-09-06
100 GOLDMAN SACHS GROUP P 2011-03-09 2011-09-06
100 GOLDMAN SACHS GROUP P 2011-03-09 2011-09-06
508 LOWES CORP P 2010-08-06 2011-08-29
412 BERKSHIRE HATHAWAY P 2008-11-03 2011-08-29
200 US BANCORP P 2011-03-09 2011-08-23
2590 US BANCORP P 2011-03-09 2011-08-23
600 US BANCORP P 2011-03-09 2011-08-23
100 US BANCORP P 2011-03-09 2011-08-23
100 US BANCORP P 2011-03-09 2011-08-23
100 US BANCORP P 2011-03-09 2011-08-23
1199 LOWES CORP P 2011-11-11 2011-08-19
70 GOOGLE INC P 2011-03-09 2011-08-17
990 JACOBS ENGINEERING GROUP P 2011-03-09 2011-08-12
50000 PITNEY BOWES INC P 2009-12-04 2011-09-28
20000 HYDRO QUEBEC DEBS P 2010-08-25 2011-09-28
21000 CAROLINA POWER & LIGHT P 2009-04-28 2011-09-28
20000 STATOIL HYDRO NOTES P 2010-08-17 2011-09-27
20000 SOUTHERN CALIFORNIA EDISON P 2011-06-17 2011-09-22
165 AMAZON INC P 2011-04-28 2011-09-19
1016 CENOVUS ENERGY INC P 2010-11-04 2011-08-15
455 VISA INC P 2011-04-28 2011-08-12
413 LOWES CORP P 2010-11-02 2011-08-10
487 ICICI LTD P 2008-04-14 2011-08-05
493 CENOVUS ENERGY INC P 2009-02-05 2011-08-04
474 CENOVUS ENERGY INC P 2009-11-11 2011-07-29
3300 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-07-27
263 BERKSHIRE HATHAWAY P 2008-01-13 2011-07-26
900 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-07-19
55000 TEXAS INSTRUMENTS NOTES 2.375% P 2011-05-23 2011-07-12
25000 CAROLINA POWER & LIGHT P 2009-04-20 2011-07-12
60000 US TREASURY NOTE 1.75% P 2011-03-18 2011-07-11
1010 LINEAR TECHNOLOGY CORP P 2011-04-27 2011-04-27
90 JACOBS ENGINEERING GROUP P 2011-08-12 2011-04-15
50000 JP MORGAN CHASE & CO GLOBAL P 2008-01-16 2011-04-05
60000 SOUTHERN CALIFORNIA EDISON P 2010-12-13 2011-06-17
211 BERKSHIRE HATHAWAY P 2008-01-13 2011-06-14
44000 UNION PACIFIC CORP DEB P 2010-05-20 2011-06-13
29033.309 PRIMECAP ODYSSEY GROWTH FUND P 2009-11-11 2011-06-13
1119.105 HARBOR INTERNATIONAL FUND P 2009-11-11 2011-06-13
100 EXPRESS SCRIPTS INC P 2011-06-08 2011-06-08
100 EXPRESS SCRIPTS INC P 2011-06-08 2011-06-08
320 EXPRESS SCRIPTS INC P 2011-06-08 2011-06-08
900 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-05-26
9000 SINGAPORE EXCHANGE LTD P 2006-08-22 2011-05-05
664 CENOVUS ENERGY INC P 2009-09-02 2011-05-02
590 CARNIVAL CORP P 2009-09-08 2011-04-29
175 PERIGO CO P 2011-03-09 2011-04-15
1200 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-04-15
561 CARNIVAL CORP P 2009-11-11 2011-04-04
800 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-04-01
567 CHINA LIFE INSURANCE CO LTD P 2009-03-27 2011-03-29
35000 CSX CORP NOTES 5.30% P 2011-02-08 2011-03-02
1760 NASDAQ STOCK MARKET P 2006-03-08 2011-02-14
572 LENDER PROCESSING P 2009-02-10 2011-02-09
536 LENDER PROCESSING P 2009-02-10 2011-02-09
100000 ESC CALPINE CORP P 2004-10-13 2011-02-04
3117 DE LA RUE CO PLC P 2009-11-18 2011-01-19
64 CME GROUP INC P 2008-04-14 2011-01-18
1148 DE LA RUE CO PLC P 2009-11-18 2011-01-11
20000 EQUITABLE RES INC NOTES P 2010-04-29 2011-01-10
716 LENDER PROCESSING P 2009-12-10 2011-01-07
379 CARNIVAL CORP P 2008-09-15 2011-03-30
60000 GENERAL ELECTRIC CAP CORP NOTES P 2010-12-28 2011-03-18
1900 HONG KONG EXCHANGES AND CLEARING LTD P 2005-08-23 2011-03-15
380 CHINA LIFE INSURANCE CO LTD P 2009-03-27 2011-03-14
72 CNOOC LTD P 2005-06-30 2011-03-09
781 ANGLO AMERICAN PLC P 2009-02-05 2011-03-08
46658.692 VANGUARD PRIMECAP CORP FUND P 2009-11-11 2011-03-04
20220.588 PRIMECAP ODYSSEY GROWTH FUND P 2009-11-11 2011-03-04
774 CB RICHARD ELLIS GROUP INC P 2010-04-13 2011-02-18
550 CHINA LIFE INSURANCE CO LTD P 2009-11-11 2011-02-14
100000 PACCAR INC MTN P 2009-02-13 2011-02-14
41000 MARATHON OIL CORP NOTES P 2010-04-29 2011-02-10
800 ANGLO AMERICAN PLC P 2009-02-05 2011-02-09
50000 GLAXOSMITHKLINE CAP NOTES 4.85% P 2008-05-13 2011-02-08
54.57 SILVERCREST MARKET NEUTRAL P 2008-11-11 2011-02-08
3000 SINGAPORE EXCHANGE LTD P 2006-08-22 2011-02-07
100000 SOUTH CAROLINA ELECTRIC & GAS 5.80% P 2006-01-11 2011-02-07
1361 CHINA UNICOM P 2009-02-10 2011-01-27
50000 MCKESSON CORP NOTES 5.25% P 2009-02-12 2011-01-19
SEC 1250 GAIN-PERSHING 50126 P 2008-11-11 2011-11-11
CAPITAL GAIN DISTRIBUTION-PERSHING 50126 P 2008-11-11 2011-11-11
(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 97,000   83,133 13,867
b 101,983   135,510 -33,527
c 120,567   125,081 -4,514
d 32,517   34,836 -2,319
e 43,255   43,345 -90
80,837   81,018 -181
25,766   29,373 -3,607
18,854   22,712 -3,858
23,893   24,052 -159
11,357   15,100 -3,743
20,519   31,144 -10,625
19,214   20,302 -1,088
23,199   19,384 3,815
25,438   10,155 15,283
57,902   49,073 8,829
26,547   21,435 5,112
44,496   43,246 1,250
19,183   18,365 818
64,740   61,478 3,262
64,701   61,510 3,191
32,071   25,632 6,439
30,190   22,962 7,228
48,554   39,426 9,128
24,093   21,314 2,779
23,707   19,015 4,692
99,985   87,568 12,417
17,689   14,065 3,624
11,687   6,524 5,163
19,487   16,253 3,234
15,224   11,494 3,730
9     9
16,414   35,062 -18,648
83,608   88,860 -5,252
15,021   16,465 -1,444
16,117   16,254 -137
20,286   20,786 -500
49,671   75,145 -25,474
10,457   15,820 -5,363
10,458   15,820 -5,362
18,168   18,924 -756
28,928   30,435 -1,507
4,084   5,219 -1,135
52,894   67,581 -14,687
12,252   15,656 -3,404
2,042   2,609 -567
2,042   2,609 -567
2,042   2,609 -567
44,026   44,664 -638
37,850   39,063 -1,213
32,711   49,225 -16,514
51,540   51,971 -431
25,282   23,925 1,357
22,675   22,158 517
21,113   19,960 1,153
22,070   21,927 143
38,992   28,845 10,147
33,873   25,489 8,384
35,748   34,374 1,374
15,419   15,385 34
22,201   20,147 2,054
17,461   12,368 5,093
18,940   11,891 7,049
68,545   10,341 58,204
20,227   19,428 799
18,603   2,820 15,783
55,354   54,951 403
27,153   26,379 774
61,385   60,380 1,005
34,554   34,924 -370
4,355   4,460 -105
52,718   53,696 -978
65,745   65,588 157
15,879   15,237 642
52,687   51,745 942
465,389   372,628 92,761
69,985   55,045 14,940
5,711   5,616 95
5,711   5,616 95
18,276   17,971 305
19,521   2,820 16,701
56,902   25,038 31,864
24,764   16,658 8,106
21,906   17,563 4,343
14,857   13,567 1,290
27,512   3,761 23,751
21,476   16,700 4,776
16,780   2,507 14,273
30,806   31,790 -984
37,878   37,886 -8
47,891   69,906 -22,015
17,409   23,541 -6,132
16,472   22,059 -5,587
8,950   32,875 -23,925
39,577   51,856 -12,279
19,991   28,061 -8,070
14,683   19,099 -4,416
21,557   21,812 -255
21,990   29,467 -7,477
14,739   11,282 3,457
65,190   64,119 1,071
40,508   5,954 34,554
22,272   21,305 967
16,248   4,907 11,341
21,243   8,545 12,698
679,326   510,891 168,435
329,985   259,521 70,464
19,582   10,333 9,249
31,478   30,837 641
105,662   101,054 4,608
46,635   45,882 753
21,296   8,753 12,543
54,024   49,905 4,119
67,509   27,320 40,189
19,663   8,346 11,317
102,048   96,830 5,218
21,163   13,994 7,169
53,757   48,616 5,141
71     71
285     285
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       13,867
b       -33,527
c       -4,514
d       -2,319
e       -90
      -181
      -3,607
      -3,858
      -159
      -3,743
      -10,625
      -1,088
      3,815
      15,283
      8,829
      5,112
      1,250
      818
      3,262
      3,191
      6,439
      7,228
      9,128
      2,779
      4,692
      12,417
      3,624
      5,163
      3,234
      3,730
      9
      -18,648
      -5,252
      -1,444
      -137
      -500
      -25,474
      -5,363
      -5,362
      -756
      -1,507
      -1,135
      -14,687
      -3,404
      -567
      -567
      -567
      -638
      -1,213
      -16,514
      -431
      1,357
      517
      1,153
      143
      10,147
      8,384
      1,374
      34
      2,054
      5,093
      7,049
      58,204
      799
      15,783
      403
      774
      1,005
      -370
      -105
      -978
      157
      642
      942
      92,761
      14,940
      95
      95
      305
      16,701
      31,864
      8,106
      4,343
      1,290
      23,751
      4,776
      14,273
      -984
      -8
      -22,015
      -6,132
      -5,587
      -23,925
      -12,279
      -8,070
      -4,416
      -255
      -7,477
      3,457
      1,071
      34,554
      967
      11,341
      12,698
      168,435
      70,464
      9,249
      641
      4,608
      753
      12,543
      4,119
      40,189
      11,317
      5,218
      7,169
      5,141
      71
      285
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 2 590,487
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 -55,900
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 947,953 18,678,348 0.05075
2009 1,027,740 18,646,148 0.05512
2008 1,234,798 21,165,843 0.05834
2007 1,260,859 24,429,954 0.05161
2006 962,219 25,767,790 0.03734
2 Total of line 1, column (d) ...................... 2 0.25316
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 0.05063
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 18,072,676
5 Multiply line 4 by line 3....................... 5 915,056
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,617
7 Add lines 5 and 6......................... 7 921,673
8 Enter qualifying distributions from Part XII, line 4.............. 8 922,045
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 6,617
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 6,617
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 6,617
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 11,742
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 11,742
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 5,125
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet5,125 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
     
    No
    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)bulletNY
    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 ofbulletKURCIAS JAFFE & COMPANY LLP Telephone no.bullet (516) 482-7777
    Located atbullet111 GREAT NECK RDGREAT NECKNY ZIP+4bullet11021
    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
     
    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 (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
     
    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 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
     
    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 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
     
    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 (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
    MARIE EVANS Vice President
    30.00     		110,000    
    61 BROADWAY
    NEW YORK,NY10006
    JOHN T EVANS President
    30.00     		130,000    
    61 BROADWAY
    NEW YORK,NY10006
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    12,821,644
    b
    Average of monthly cash balances.......................
    1b
    1,045,955
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    4,480,295
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,347,894
    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
    18,347,894
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    275,218
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,072,676
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    903,634
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    903,634
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    6,617
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,617
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    897,017
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    897,017
    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
    897,017
    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
    922,045
    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
    922,045
    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
    6,617
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    915,428
    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 7 897,017
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 909,243
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 922,045
    a Applied to 2010, but not more than line 2a 909,243
    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 2011 distributable amount..... 12,802
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		884,215
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    JOHN T EVANS PRESIDENT
    61 BROADWAY
    NEW YORK,NY10006
    (212) 344-3900
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN INFORMATION REGARDING THE CHARACTER OF THE ORGANIZATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    SHELTER ISLAND POLICE BENEVOLENT AS
    PO BOX 770
    SHELTER ISLAND,NY11964     		NONE CIVIC TO PROMOTE COMMUNITY IMPROVEMENT 200
    NATIONAL COUNCIL ON ALCOHOLISM
    217 BROADWAY
    NEW YORK,NY10007     		NONE PUBLIC FOR PREVENTION OF ALCOHOLISM 5,000
    SHELTER ISLAND HISTORICAL SOCIETY
    16 SOUTH FERRY ROAD
    SHELTER ISLAND,NY11964     		NONE PUBLIC TO PROMOTE LOCAL HISTORY 1,000
    SHELTER ISLAND EDUCATIONAL FOUNDATI
    PO BOX 1950
    SHELTER ISLAND,NY11964     		NONE PUBLIC TO PROVIDE EDUCATIONAL OPPORTUNITIES 1,000
    PETER FIGOSKI SCHOLARSHIP FUND
    5TH AVENUE 15TH FLOOR
    NEW YORK,NY10017     		NONE PUBLIC TO PROVIDE TUITION ASSISTANCE 1,000
    WORLD PEDIATRIC PROJECT
    7201 GLEN FOREST DRIVE
    RICHMOND,VA23226     		NONE PUBLIC TO PROVIDE MEDICAL CARE TO CHILDREN 30,000
    ST ALOYSIUS SCHOOL
    223 WEST 132ND STREET
    NEW YORK,NY10027     		NONE PUBLIC FOR EDUCATION 2,500
    LEUKEMIA AND LYMPHOMA SOCIETY
    475 PARK AVENUE SOUTH
    NEW YORK,NY10016     		NONE PUBLIC TO FUND BLOOD CANCER RESEARCH 250
    DAVE NEE FOUNDATION
    PO BOX 231487
    NEW YORK,NY10023     		NONE PUBLIC TO PREVENT DEPRESSION AND SUICIDE 14,500
    PRECLAMPSIA FOUNDATION
    6767 NORTH WICKHAM ROAD
    MELBOURNE,FL32940     		NONE PUBLIC FOR RESEARCH OF PRECLAMPSIA 2,800
    SOCRATES SCULPTURE PARK
    32-01 VERNON BLVD
    LONG ISLAND CITY,NY11106     		NONE PUBLIC TO PROMOTE ART AND SCULPTURE 2,500
    INCARNATION CHILDRENS CENTER
    142 AUDUBON AVENUE
    NEW YORK,NY10032     		NONE PUBLIC FOR NURSING SERVICE 1,000
    FOUNDATION FOR THE PEOPLE OF BURMA
    225 BUSH STREET
    SAN FRANSISCO,CA94104     		NONE PUBLIC TO PROVIDE HUMANITARIAN AID 1,000
    JAPAN SOCIETY
    333 EAST 47TH STREET
    NEW YORK,NY10017     		NONE PUBLIC TO PROMOTE UNDERSTANDING BETWEEN THE USA AND JAPAN 5,000
    ST SIMON STOCK SCHOOL
    2195 VALENTINE AVENUE
    BRONX,NY11457     		NONE PUBLIC FOR EDUCATION 1,000
    XAVERIAN HIGH SCHOOL
    7100 SHORE ROAD
    BROOKLYN,NY11219     		NONE PUBLIC FOR EDUCATION 1,500
    SOCIETY FOR PREVENTION OF TEEN SUIC
    110 WEST MAIN STREET
    FREEHOLD,NJ07728     		NONE PUBLIC TO PROVIDE EDUCATION ABOUT DEPRESSION AND TEEN SUICIDE 1,000
    PAUL CAREY FOUNDATION
    20 CORPORATE WOODS
    ALBANY,NY12211     		NONE PUBLIC TO PROVIDE FUNDS FOR THE SICK 14,725
    GIFT OF LIFE FOUNDATION
    1348 CARMICHAEL WAY
    MONTGOMERY,AL36106     		NONE PUBLIC TO FACILITATE BONE MARROW TRANSPLANTS 1,000
    ST JOSEPH'S CHURCH
    371 6TH AVENUE
    NEW YORK,NY10014     		NONE PUBLIC TO FOSTER RELIGIOUS FAITH AND SERVE THE COMMUNITY 10,000
    PARRISH ART MUSEUM
    25 JOBS LANE
    SOUTHAMPTON,NY11968     		NONE PUBLIC TO PROMOTE ART 1,000
    READ FOUNDATION
    80 MAIDEN LANE
    NEW YORK,NY10038     		NONE PUBLIC TO ASSIST THE INDIGENT 1,000
    TURKMENISTAN YOUTH AND CIVIC VALUES
    1801K NW 500
    WASHINGTON,DC20006     		NONE PUBLIC TO DEVELOP CIVIC VALUES 500
    NEWARK BETH ISRAEL MEDICAL CENTER
    201 LYONS AVENUE
    NEWARK,NJ07112     		NONE PUBLIC TO PROVIDE MEDICAL CARE 500
    UNIVERSITY OF WISCONSIN FOUNDATION
    1025 WEST JOHNSON STREET
    MADISON,WI53706     		NONE PUBLIC FOR EDUCATION 1,000
    WEILL CORNELL MEDICAL COLLEGE
    525 EAST 68TH STREET
    NEW YORK,NY10065     		NONE PUBLIC FOR MEDICAL EDUCATION 200,000
    WORLD VISION
    34834 WEYERHAUSER WAY STREET
    FEDERAL WAY,WA98001     		NONE PUBLIC TO FIGHT WORLD HUNGER 175
    CATHOLIC CHARITIES OF THE VIRGIN IS
    PO BOX 10736
    ST THOMAS,VI00801     		NONE PUBLIC TO FOSTER RELIGIOUS FAITH AND SERVE THE COMMUNITY 60,000
    LUSTGARTEN FD FOR PANCREATIC CANCER
    111 STEWART AVENUE
    BETHPAGE,NY11714     		NONE PUBLIC FOR RESEARCH OF PANCREATIC CANCER 5,000
    ST CROIX FOUNDATION
    1023 MARKET STREET
    ST CROIX,VI00820     		NONE PUBLIC TO SERVE THE COMMUNITY OF ST. CROIX 5,000
    MASHOMACK PRESERVE
    PO BOX 850
    SHELTER ISLAND,NY11964     		NONE PUBLIC TO PROMOTE NATURAL HABITAT 1,000
    INTERNATIONAL RETT SYNDROME FOUNDAT
    4600 DEVITT DRIVE
    WEST CHESTER,OH45246     		NONE PUBLIC FOR RESEARCH OF RETT SYNDROME 1,400
    GROUP FOR THE EAST END
    54895 RTE 25
    SOUTHOLD,NY11971     		NONE PUBLIC TO PROTECT THE ENVIRONMENT 5,000
    PERLMAN MUSIC PROGRAM
    19 WEST 69TH STREET
    NEW YORK,NY10023     		NONE PUBLIC TO PROMOTE MUSICAL EDUCATION 10,000
    NEW YORK ACADEMY OF ART
    111 FRANKLIN STREET
    NEW YORK,NY10013     		NONE PUBLIC TO PROMOTE ART EDUCATION 10,000
    DIOCESE OF THE VIRGIN ISLANDS
    CHARLOTTE AMALIE
    ST THOMAS,VI00801     		NONE PUBLIC TO FOSTER RELIGIOUS FAITH AND SERVE THE COMMUNITY 30,000
    CATHOLIC RELIEF SERVICES
    228 WEST LEXINGTON STREET
    BALTIMORE,MD21201     		NONE PUBLIC TO ASSIST THE IMPOVERISHED 5,000
    MEMORIAL SLOAN KETTERING
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC TO PROVIDE MEDICAL CARE 10,000
    ALLIANCE DEFENSE FUND
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		NONE PUBLIC TO PROMOTE CHRISTIANITY 5,000
    CENTER FOR INDIVIDUAL RIGHTS
    1233 20TH STREET NW
    WASHINGTON,DC20036     		NONE PUBLIC TO DEFEND INDIVIDUAL RIGHTS 5,000
    ISLAND GIFT OF LIFE FOUNDATION
    PO BOX 532
    SHELTER ISLAND,NY11965     		NONE PUBLIC TO PROVIDE FINANCIAL ASSISTANCE TO THE SICK 6,000
    THE MANHATTAN INSTITUTE
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		NONE PUBLIC TO FOSTER ECONOMIC CHOICE 1,000
    ST LUKE'S SCHOOL
    487 HUDSON STREET
    NEW YORK,NY10014     		NONE PUBLIC FOR EDUCATION 1,000
    METROPOLITAN MUSEUM OF ART
    1000 5TH AVENUE
    NEW YORK,NY10028     		NONE PUBLIC TO PROMOTE ART 2,500
    FORDHAM LAW SCHOOL
    140 WEST 62ND STREET
    NEW YORK,NY10023     		NONE PUBLIC FOR EDUCATION 22,000
    OUR LADY OF THE ISLE CHURCH
    5 PROSPECT AVENUE
    SHELTER ISLAND,NY11965     		NONE PUBLIC TO FOSTER RELIGIOUS FAITH AND SERVE THE COMMUNITY 6,000
    DISCALCED CARMELITE FRIARS
    PO BOX 270646
    HARTFORD,WI53027     		NONE PUBLIC TO FOSTER GROWTH IN SPIRITUAL LIFE 35,000
    WHITNEY MUSEUM OF ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE PUBLIC FOR PROMOTION OF ART 2,500
    EAST END HOSPICE
    481 OLD RIVERHEAD ROAD
    WESTHAMPTON BEACH,NY11978     		NONE PUBLIC FOR END OF LIFE CARE 1,000
    SPENCE SCHOOL
    22 EAST 91ST STREET
    NEW YORK,NY10128     		NONE PUBLIC FOR EDUCATION 5,000
    AMERICAN RED CROSS
    PO BOX 444
    SHELTER ISLAND,NY11965     		NONE PUBLIC FOR HUMANITARIAN AID 1,000
    GEORGETOWN UNIVERSITY
    37th AND O STREET
    WASHINGTON,DC20057     		NONE PUBLIC FOR EDUCATION 5,000
    LITTLE SISTERS OF THE POOR
    2999 SCHURZ AVENUE
    BRONX,NY10465     		NONE PUBLIC TO CARE FOR THE ELDERLY 44,000
    Total .................................bullet 3a 585,550
    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   142,829 1    
    4 Dividends and interest from securities....   111,870 1    
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         -27,798
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         590,487
    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).. 254,699   562,689
    13Total. Add line 12, columns (b), (d), and (e)..................
    13817,388
    (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: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    O'CONNOR DAVIES 1,000 0 0 1,000
    KURCIAS, JAFFE & COMPANY 68,794 0 0 68,794

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

    TY 2011 DepreciationSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    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
    IMPROVEMENTS 2011-01-01 4,268   85 3.49 % 149 149    
    FURNITURE & FIXTURES 2011-01-01 8,665   57 14.29 % 1,238 1,238    
    21 MERCER STREET NEW YORK 2011-01-01 4,750,000   85 3.49 % 165,538 165,538    

    TY 2011 InvestmentsLandSchedule2
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 4,750,000 165,538 4,584,462 4,000,000
    Machinery and Equipment 2,139   2,139 2,139
    Furniture and Fixtures 11,907 1,238 10,669 11,907

    TY 2011 LandEtcSchedule2
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Improvements 4,268 149 4,119 4,268


    TY 2011 LegalFeesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUNNINGTON,BARTHOLOW & MILLER 1,593 0 0 1,593
    CARIBBEAN ASSOCIATED ATTORNEYS 1,522 0 0 1,522


    TY 2011 OtherExpensesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SERVICE CHARGES 924     924
    Rental Expenses 32,373 32,373    
    OTHER FEES 1,371     1,371
    OFFICE EXPENSE 2,757     2,757
    INVESTMENT FEE AND EXPENSES 98,972 98,972    
    CONSULTING FEES 8,800     8,800
    COMMON CHARGES 22,003     22,003
    COMMISSIONS 14,400     14,400


    TY 2011 OtherIncreasesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Description Amount
    NONDIVIDEND DISTRIBUTION 2,062


    TY 2011 OtherLiabilitiesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS PAYABLE 14,000 14,000


    TY 2011 TaxesSchedule
    Name:
    WILLIAM C DOWLING JR FOUNDATION
    JOHN EVANSPRESIDENT co BELAIR & EVANS
    EIN: 47-0933520
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 17,794 4,448   13,346
    FOREIGN TAX 4,285 4,285