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 07-01-2011 , and ending 06-30-2012
G
Check all that apply:
Name of foundation
PORTSMOUTH GENERAL HOSPITAL
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)360 CRAWFORD ST   Room/suite
City or town, state, and ZIP code
PORTSMOUTH, VA23704
A Employer identification number

54-1463392
B Telephone number (see page 10 of the instructions)

(757) 391-0000
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$12,424,482J 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 2,531 2,531 2,531
4 Dividends and interest from securities...... 235,071 235,071 235,071
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 246,115
b Gross sales price for all assets on line 6a 4,126,793
7 Capital gain net income (from Part IV, line 2)... 246,115
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)....... Click to see attachment -645,737   -645,737
12 Total. Add lines 1 through 11........ -162,020 483,717 -408,135
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 142,001 14,200   127,801
14 Other employee salaries and wages...... 64,268 6,427   57,841
15 Pension plans, employee benefits....... 65,819 6,580   59,239
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,749 1,300   11,449
c Other professional fees (attach schedule).... Click to see attachment 32,896 19,382   13,514
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,295 401   3,608
19 Depreciation (attach schedule) and depletion... Click to see attachment 14,040 1,404  
20 Occupancy.............. 3,303 330   2,973
21 Travel, conferences, and meetings....... 23,018 2,302   20,716
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,802 2,840   24,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 394,191 55,166   322,103
25 Contributions, gifts, grants paid........ 569,697 499,550
26 Total expenses and disbursements. Add lines 24 and 25 963,888 55,166   821,653
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,125,908
b Net investment income (if negative, enter -0-) 428,551
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............... 8,424 29,345 29,345
2 Savings and temporary cash investments..........      
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)      
b Investments—corporate stock (attach schedule)........ 9,288,074 Click to see attachment9,744,561 9,744,561
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,172,301 Click to see attachment2,650,576 2,650,576
14 Land, buildings, and equipment: basis bullet455,579
Less: accumulated depreciation (attach schedule) bullet209,659 257,076 Click to see attachment245,920  
15 Other assets (describe bullet) Click to see attachment13,502 Click to see attachment9,216  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,739,377 12,679,618 12,424,482
Liabilities 17 Accounts payable and accrued expenses.......... 23,264 19,266
18 Grants payable................... 219,800 289,947
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).......... 243,064 309,213
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 13,496,313 12,370,405
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).................... 13,496,313 12,370,405
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,739,377 12,679,618
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 13,496,313
2 Enter amount from Part I, line 27a..................... 2 -1,125,908
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 12,370,405
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 12,370,405
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 PUBLICALLY TRADED SECURITIES P    
b PUBLICALLY TRADED SECURITIES P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,455,185   1,529,577 -74,392
b 2,597,208   2,351,101 246,107
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -74,392
b       246,107
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 246,115
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  
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 681,394 12,900,018 0.052821
2009 684,528 12,283,036 0.055730
2008 670,680 11,638,782 0.057625
2007 894,877 15,141,672 0.059100
2006 814,193 15,343,011 0.053066
2 Total of line 1, column (d) ...................... 2 0.278342
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 0.055668
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 12,392,983
5 Multiply line 4 by line 3....................... 5 689,893
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,286
7 Add lines 5 and 6......................... 7 694,179
8 Enter qualifying distributions from Part XII, line 4.............. 8 821,653
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 4,286
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 4,286
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 4,286
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 13,502
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 13,502
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 9,216
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet9,216 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)bulletVA
    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 addressbulletPGHFOUNDATION.ORG
    14
    The books are in care ofbulletPORTSMOUTH GENERAL HOSPITAL FOUNDAT Telephone no.bullet (757) 391-0000
    Located atbullet360 CRAWFORD STREETPORTSMOUTHVA ZIP+4bullet23704
    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
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ALAN E GOLLIHUEClick to see attachment PRESIDENT
    40.00     		142,001 33,697 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    FRANCES L GRANYClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    PATRICIA H FISHERClick to see attachment CHAIR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    JOHN SCHALKClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    JESSICA MULLENClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    EARNHARD A SPENCERClick to see attachment SECRETARY
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    SUSAN H BURTONClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    DEMETRIA LINDSAYClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    G RANDOLPH WEBB JRClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    WILLIAM T CLAREClick to see attachment VICE CHAIR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    RICHARD EH WENTZClick to see attachment TREASURER
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    DENISE GOODClick to see attachment DIRECTOR
    1.00     		0 0 0
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    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
    PATRICIA IRWINClick to see attachment EXEC. ASSIST
    40.00     		64,268 16,700  
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    Total number of other employees paid over $50,000...................bullet 1
    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 PARC, INC. - HUD RENEWAL MATCH FOR PARC & OASIS OPPORTUNITY CENTER. 75,000
    2 CHIP OF CHESAPEAKE - CHIP OF PORTSMOUTH 44,000
    3 YMCA OF PORTSMOUTH - SWIM/GYM PROGRAM 35,000
    4 HAMPTON ROAD COMMUNITY HEALTH CENTER 35,000
    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
    9,274,727
    b
    Average of monthly cash balances.......................
    1b
    304,748
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    3,002,234
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,581,709
    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
    12,581,709
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    188,726
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,392,983
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    619,649
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    619,649
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    4,286
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,286
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    615,363
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    615,363
    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
    615,363
    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
    821,653
    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
    821,653
    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
    4,286
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    817,367
    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 7 615,363
    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....... 70,043
    b From 2007....... 169,668
    c From 2008....... 93,987
    d From 2009....... 74,037
    e From 2010....... 48,482
    fTotal of lines 3a through e......... 456,217
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 821,653
    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..... 615,363
    e Remaining amount distributed out of corpus 206,290
    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 5 662,507
    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) .............     		70,043
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		592,464
    10 Analysis of line 9:
    a Excess from 2007.... 169,668
    b Excess from 2008.... 93,987
    c Excess from 2009.... 74,037
    d Excess from 2010.... 48,482
    e Excess from 2011.... 206,290
    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:
    MR ALAN GOLLIHUE
    360 CRAWFORD STREET
    PORTSMOUTH,VA23704
    (757) 391-0000
    bThe form in which applications should be submitted and information and materials they should include:
    PROPOSAL CONTAINING AMOUNT DESIRED AND PURPOSE OF GRANT
    cAny submission deadlines:
    JAN 31 AND JULY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    IMMEDIATE NEED FOR PARTICULAR TYPE OF SERVICE IN PORTSMOUTH.
    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
    ACCESS COLLEGE FOUNDATION
    7300 NEWPORT AVENUE
    NORFOLK,VA23505     		    ACCESS PROGRAM FOR PORTS PUBLIC SHOO 30,000
    ALZHEIMERS ASSOCIATION
    6350 CENTER DRIVE
    SUITE 102
    NORFOLK,VA23502     		    COMMUNITY OUTREACH & SUPPORT 18,500
    CATHOLIC CHARITIES OF
    EASTERN VIRGINIA
    5361A VIRGINIA BEACH BLV
    VIRGINIA BEACH,VA23462     		    GUARDIANSHIP/CONSERVATOR PROGRAM 5,000
    CHIP OF CHESAPEAKE
    1302 JEFFERSON STREET
    CHESAPEAKE,VA23324     		    CHIP OF PORTSMOUTH 44,000
    CITIZEN'S COMMITTE TO
    PROTECT THE ELDERLY
    PO BOX 10100
    VIRGINIA BEACH,VA23450     		    HUMANITARIAN VOLUNTEER VISITOR PROGR 23,000
    COMPASSION ADVOCACY NETWORK
    PO BOX 9796
    VIRGINIA BEACH,VA23450     		    OUTREACH PROGRAMS NURSING HOMES 2,500
    EFFINGHAM STREET YMCA
    1013 EFFINGHAM STREET YMC
    PORTSMOUTH,VA23704     		    SUMMER SWIM LESSONS 5,000
    ELIZABETH RIVER PROJECT
    LEARNING BARGE
    475 WATER STREET
    SUITE 103A
    PORTSMOUTH,VA23704     		    TEACHING HUMAN HEALTH RISKS 20,000
    ELIZABETH RIVER PROJECT
    475 WATER STREET
    SUITE 103A
    PORTSMOUTH,VA23704     		    PARADISE CREEK NATURE PARK 2,500
    EVMS DEPT OF FAMILY & COMM MEDICINE
    721 FAIRFAX AVENUE
    NORFOLK,VA23507     		    SEMINAR ON SOCIAL DETERMINANTS 2,000
    FAMILY & CONSUMER SCIENCES
    EXTENSION AGENT
    105 UTAH STREET
    PORTSMOUTH,VA23701     		    WALK-A-WEIGH HEALTHY LIFESTYLE PROG 5,000
    FOODBANK OF SE HAMPTON
    800 TIDEWATER DRIVE
    NORFOLK,VA23504     		    BACKPACK & SCHOOL BASED MOBILE PANTR 30,000
    FRIENDS OF PORTS JUVENIL
    COURT
    503 CRAWFORD STREET
    SUITE 200
    PORTSMOUTH,VA23704     		    CASA PROGRAM 10,000
    HORIZONS HAMPTON ROADS
    7336 GRANBY STREET
    NORFOLK,VA23505     		    SUMMER EDUCATION PROGRAM 10,000
    IBA BARBOUR EARLY LEARNING CENTER
    1400 CAMDEN AVE
    PORTSMOUTH,VA23704     		    PURCHASE SEVEN NEW CRIBS 2,500
    MEDICATION ACCESS PROGRAM
    FOR PORTSMOUTH
    PO BOX 459
    PORTSMOUTH,VA23705     		    MEDICATION ASST PLAN FOR PORTSMOUTH 20,400
    MULTI-CULTURAL PERFORMING
    ARTS CONSULTING
    PO BOX 6333
    NORFOLK,VA23508     		    JR MOSAIC STEEL DRUM BAND AT NOBLE 8,500
    PARC INC
    PO BOX 1183
    PORTSMOUTH,VA23705     		    HUD RENEWAL MATCH 75,000
    PORTS PUBLIC LIBRARY
    FOUNDATION
    601 COURT STEET
    PORTSMOUTH,VA23704     		    2ND TUESDAY FORUM 1,800
    PORTS PUBLIC SCHOOLS
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		    EYE EXAMS AND GLASSES PROGRAM 2,000
    PORTS PUBLIC SCHOOLS
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		    STUDENTS YOUTH ALCOHOL/DRUG ABUSE PR 1,850
    PORTSMOUTH CHRISTIAN OUTREACH
    MINISTRIES
    910 SEVENTH STREET
    PORTSMOUTH,VA23704     		    MICROSOFT OFFICE 2010 (6) COMPUTERS 600
    PORTSMOUTH REDEVLOPMENT & HOUSING
    AUTHORITY
    801 WATER STREET
    PORTSMOUTH,VA23705     		    EDUCATION SCHOLARHIPS FOR PRHA 2,500
    PORTSMOUTH SCHOOLS
    FOUNDATION
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		    ANNUAL WELLNESS DAY 2,000
    PORTSMOUTH SCHOOLS
    FOUNDATION
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		    ROBOTICS COMPETITION 2,500
    SAMARITAN HOUSE
    2620 SOUTHERN BLVD
    VIRGINAI BEACH,VA23452     		    PORTSMOUTH CLIENT SUPPORT SERVICES 5,000
    SETON YOUTH SHELTERS
    3333 VIRGINIA BEACH BLVD
    SUITE 28
    VIRGINIA BEACH,VA23452     		    STREET OUTREACH AND MENTORING PROG 12,500
    STARBASE VICTORY
    2828 GREENWOOD DRIVE
    PORTSMOUTH,VA23701     		    STARBASE ATLAS SUMMER PROGRAM 2,500
    THE HAMPTON ROADS
    COMMUNITY HEALTH CENTER
    664 LINCOLN STREET
    PORTSMOUTH,VA23704     		    ELIGIBILITY DETERMINATION SUPPORT 35,000
    THEATRE IV
    114 W BROAD STREET
    RICHMOND,VA23220     		    "HUGS & KISSES" PERFORMANCES 21,000
    TIDEWATER ARTS OUTREACH
    809 BRANDON AVENUE
    SUITE 204
    NORFOLK,VA23517     		    MEMORIES IN THE MAKING WORKSHOP 500
    TIDEWATER PASTORAL COUNSELING
    7305 B HAMPTON BLVD
    NORFOLK,VA23505     		    COUSELING AID FUND 2,500
    UP CENTER
    222 W 19TH STREET
    NORFOLK,VA23517     		    FAST PROGRAM 20,000
    VOLUNTEER HAMPTON ROADS
    400 W ONLEY STREET
    NORFOLK,VA23507     		    NON PROFIT LEADERSHIP CONF 2,500
    WESTMORELAND CHILDREN
    & YOUTH ASSOC
    3201 CLOVER HILL DRIVE
    PORTSMOUTH,VA23703     		    BASEBALL, FOOTBALL & CHEERLEADING PR 6,000
    YMCA OF PORTSMOUTH
    4900 HIGH STREET
    PORTSMOUTH,VA23703     		    SWIM/GYM 35,000
    YOUNG AUDIENCES OF VA
    420 NORTH CENTER DRIVE
    SUITE 239
    NORFOLK,VA23502     		    THE DANCE FOR LIFE PROJECT 7,000
    TIDEWATER YOUTH SERVICES
    FOUNDATION
    2404 AIRLINE BLVD
    PORTSMOUTH,VA23701     		    AGGRESSION REPLACEMENT TRAINING 22,900
    Total .................................bullet 3a 499,550
    bApproved for future payment
    ALZHEIMERS ASSOCIATION
    6350 CENTER DRIVE
    SUITE 102
    NORFOLK,VA23502     		    COMMUNITY OUTREACH & SUPPORT 18,500
    BON SECOURS MARYVIEW FOUNDATION
    PO BOX 7228
    PORTSMOUTH,VA23707     		    DIABETIC TESTING SUPPLIES FOR CLINIC 10,000
    BOYS AND GIRLS CLUBS OF SE VIRIGINI
    3415 AZALEA GARDEN ROAD
    NORFOLK,VA23513     		    TRIPLE PLAY PROGRAM FOR PORTS. SITE 27,867
    CITIZENS COMM TO PROTECT
    THE ELDERLY
    PO BOX 10100
    VIRGINIA BEACH,VA23450     		    HUMANITIARIAN VOLUNTEER VISITOR PROG 15,080
    ELIZABETH RIVER PROJCET
    475 WATER STREET
    SUITE 103A
    PORTSMOUTH,VA23704     		    FULL SPECTRUM OF ELIZ RIVER EDUCATIO 20,000
    FOODBANK OF SE HAMPTON
    800 TIDEWATER DRIVE
    NORFOLK,VA23504     		    BACKPACK & SCHOOL BASED MOBILE PANTR 44,500
    MEDICATION ACCESS PROGRAM
    FOR PORTSMOUTH
    PO BOX 459
    PORTSMOUTH,VA23705     		    MEDICATION ASST PLAN FOR PORTSMOUTH 18,000
    PORTSMOUTH HEALTH DEPARTMENT
    1701 HIGH STREET
    PORTSMOUTH,VA23704     		    TEEN PREGNANCY PREVENTION INITIATIVE 33,000
    THE UP CENTER
    222 W 19TH STREET
    NORFOLK,VA23517     		    EARLY CHILDHOOD PREVENTION 20,000
    TIDEWATER YOUTH SERVICES
    FOUNDATION
    2404 AIRLINE BLVD
    PORTSMOUTH,VA23701     		    AGGRESSION REPLACEMENT TRAINING 23,000
    VIRGINIA SUPPORTIVE HOUSING
    5008 MONUMENT AVE
    RICHMOND,VA23226     		    PERM SUPPORTIVE HOUSING 25,000
    YMCA OF PORTSMOUTH
    4900 HIGH STREET
    PORTSMOUTH,VA23703     		    SWIM/GYM 35,000
    Total .................................bullet 3b 289,947
    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 2,531  
    4 Dividends and interest from securities....     14 235,071  
    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     1 -74,392 320,507
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aUNREALIZED GAIN/LOSS INVEST     18 -649,295  
    bOTHER INCOME     14 3,558  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -482,527 320,507
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-162,020
    (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:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL PROCESSING 2,249 250   1,999
    AUDIT FEE 10,500 1,050   9,450

    TY 2011 CompensationExplanation
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Person Name Explanation
    ALAN E GOLLIHUE  
    FRANCES L GRANY  
    PATRICIA H FISHER  
    JOHN SCHALK  
    JESSICA MULLEN  
    EARNHARD A SPENCER  
    SUSAN H BURTON  
    DEMETRIA LINDSAY  
    G RANDOLPH WEBB JR  
    WILLIAM T CLARE  
    RICHARD EH WENTZ  
    DENISE GOOD  

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

    TY 2011 DepreciationSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    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
    DESK 1988-11-01 3,124 3,124 S/L 5.0000        
    TYPEWRITER 1988-11-01 1,021 1,021 S/L 5.0000        
    CHAIR 1989-02-22 504 504 S/L 5.0000        
    HON FILE CABINET 1991-07-03 189 189 S/L 5.0000        
    COMPUTER EQUIPMENT 1996-03-26 11,161 11,161 S/L 5.0000        
    MODEM 1997-06-29 168 168 S/L 5.0000        
    2 EXEC CHAIRS 1997-08-22 1,084 1,084 S/L 7.0000        
    2 FILE CABINETS 1997-08-22 467 467 S/L 7.0000        
    DESK 1997-09-12 2,246 2,246 S/L 7.0000        
    TABLE 1997-09-24 939 939 S/L 7.0000        
    BOOKCASE 1997-09-24 754 754 S/L 7.0000        
    CHAIR/UPHOLSTERY 1998-12-23 2,021 2,021 S/L 5.0000        
    FAX MACHINE 1999-05-26 170 170 S/L 5.0000        
    REFRIGERATOR 1999-08-29 602 602 S/L 7.0000        
    PANASONIC COPIER 1999-09-15 1,552 1,552 S/L 5.0000        
    CONFERENCE ROOM TABLE & CHAIRS 1999-09-29 5,926 5,926 S/L 7.0000        
    CHAIR & TABLE LAMPS 1999-10-04 1,083 1,083 S/L 7.0000        
    KITCHEN TABLE 1999-12-29 308 308 S/L 7.0000        
    SOFTWARE-NORTON ANTIVIRUS 2000-02-02 650 650 S/L 3.0000        
    PANASONIC COMPUTER 2001-09-05 1,595 1,595 S/L 5.0000        
    CANON 2200 PRINTER 2002-03-01 1,787 1,787 S/L 5.0000        
    SCANNER 2002-06-05 2,440 2,440 S/L 5.0000        
    OCR SOFTWARE 2002-06-19 331 331 S/L 3.0000        
    HOUSE & REMODELING 1998-07-20 354,407 144,935 S/L 31.5000 11,252 1,125    
    LAND 1998-07-20 27,780              
    HIGH CHAIRS 2004-11-03 3,857 3,771 200DB 7.0000 86 8    
    LAPTOP 2004-12-27 2,422 2,422 200DB 5.0000        
    DRAWER 2005-05-19 1,864 1,864 200DB 5.0000        
    HP WORKSTATION 2006-02-07 2,848 2,848 200DB 5.0000        
    REMODELING & PORCH 2005-12-01 4,300 1,577 S/L 15.0000 286 29    
    ROOF 2005-09-27 21,711 7,961 S/L 15.0000 1,447 145    
    TELEPHONE SYSTEM 2006-08-09 2,352 1,827 200DB 7.0000 210 21    
    COPIER 2007-11-29 1,197 823 200DB 7.0000 107 11    
    CARPET 2011-01-03 2,548 182 S/L 7.0000 364 36    
    COMPUTERS (2) 2011-12-21 2,884   S/L 5.0000 288 29    

    TY 2011 EmployeeCompensationExpln
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Employee Explanation
    PATRICIA IRWIN  

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    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    COMPUTER EQUIPMENT 1996-03 PURCHASE 2012-01     11,161       11,161
    PANASONIC COPIER 1999-09 PURCHASE 2011-12     1,552       1,552

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WACHOVIA SECURITIES 9,744,561 9,744,561

    TY 2011 InvestmentsOtherSchedule2
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CASH IN WACHOVIA SECURITIES FMV 262,498 262,498
    OTHER INVESTMENTS FMV 2,388,078 2,388,078

    TY 2011 LandEtcSchedule2
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      427,799 209,659 218,140  
      27,780   27,780  


    TY 2011 OtherAssetsSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAXES 13,502 9,216  


    TY 2011 OtherExpensesSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    CLEANING 1,620 162   1,458
    TELEPHONE 2,288 289   1,999
    REPAIRS & MAINTENANCE 4,885 489   4,396
    OFFICE EXPENSE 496 50   446
    SUPPLIES 1,503 150   1,353
    CATERING 1,736 173   1,563
    INSURANCE 3,128 313   2,815
    EQUIPMENT LEASE 6,604 660   5,944
    DUES AND SUBSCRIPTIONS 4,395 439   3,956
    SERVICE CONTRACTS 667 67   600
    MISCELLANEOUS 480 48   432


    TY 2011 OtherIncomeSchedule2
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNREALIZED GAIN/LOSS INVEST -649,295   -649,295
    OTHER INCOME 3,558   3,558


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 30,364 19,129   11,235
    OTHER FEES 2,532 253   2,279


    TY 2011 TaxesSchedule
    Name:
    PORTSMOUTH GENERAL HOSPITAL
    FOUNDATION
    EIN: 54-1463392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 3,894 390   3,504
    EXCISE TAX 4,286      
    OTHER 115 11   104