Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
AJ & MD RUGGIERO MEMORIAL TRUST
R80294003 / 0499218830

Number and street (or P.O. box number if mail is not delivered to street address)JPMORGAN CHASE BANKNAPO BOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

86-6240840
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$7,946,736J 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 234 234  
4 Dividends and interest from securities...... 278,413 278,413  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 261,773
b Gross sales price for all assets on line 6a 5,034,230
7 Capital gain net income (from Part IV, line 2)... 261,773
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 7,322 7,322  
12 Total. Add lines 1 through 11........ 547,742 547,742  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 70,668 53,001   17,667
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 985 0   985
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 10,229 705   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,882 53,706   18,652
25 Contributions, gifts, grants paid........ 378,155 378,155
26 Total expenses and disbursements. Add lines 24 and 25 460,037 53,706   396,807
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 87,705
b Net investment income (if negative, enter -0-) 494,036
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............... 154,141 113,841 113,841
2 Savings and temporary cash investments.......... 310,214 417,330 417,930
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)........ 2,578,269 Click to see attachment2,510,349 2,475,283
c Investments—corporate bonds (attach schedule)........ 4,844,200 Click to see attachment4,935,466 4,939,682
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2 Click to see attachment2 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,886,826 7,976,988 7,946,736
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 7,886,826 7,976,988
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,886,826 7,976,988
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,886,826 7,976,988
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 7,886,826
2 Enter amount from Part I, line 27a..................... 2 87,705
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,457
4 Add lines 1, 2, and 3.......................... 4 7,976,988
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,976,988
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS 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 5,019,007   4,772,457 246,550
b 15,223     15,223
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       246,550
b       15,223
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 2 261,773
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 391,301 8,042,928 0.048652
2009 418,238 7,841,361 0.053337
2008 411,021 8,451,113 0.048635
2007 372,270 8,418,335 0.044221
2006 367,221 7,608,312 0.048266
2 Total of line 1, column (d) ...................... 2 0.243111
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 0.048622
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 8,084,058
5 Multiply line 4 by line 3....................... 5 393,063
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,940
7 Add lines 5 and 6......................... 7 398,003
8 Enter qualifying distributions from Part XII, line 4.............. 8 396,807
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 9,881
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 0
3 Add lines 1 and 2............................ 3 9,881
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,881
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 5,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,681
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)bulletAZ
    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 ofbulletJPMORGAN CHASE BANK Telephone no.bullet (520) 878-2297
    Located atbullet1725 E SKYLINE DRIVETUCSONAZ ZIP+4bullet85718
    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
     
     
    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
    JPMORGAN CHASE BANKNA TRUSTEE
    6.00     		70,668 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    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 0
    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.............bullet0
    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 N/A 0
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3..........................bullet0
    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
    7,568,264
    b
    Average of monthly cash balances.......................
    1b
    638,901
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,207,165
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,207,165
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    123,107
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,084,058
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    404,203
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    404,203
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    9,881
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,881
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    394,322
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    394,322
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    394,322
    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
    396,807
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    396,807
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    396,807
    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 7 394,322
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 378,155
    b Total for prior years:20, 20, 20 0
    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......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 396,807
    a Applied to 2010, but not more than line 2a 378,155
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2011 distributable amount..... 18,652
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		375,670
    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) ...........     		0
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		0
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CITY OF TUCSON PARKS AND RECREATION
    1100 S RANDOLPH WAY
    TUCSON,AZ85716     		NONE GOVERNMENT UNIT OPERATING FUNDS 240,000
    FRIENDS OF MOUNT AUBURN CEMETERY
    580 MT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITY OPERATING FUNDS 138,155
    Total .................................bullet 3a 378,155
    bApproved for future payment
    Total .................................bullet 3b 0
    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     14 234  
    4 Dividends and interest from securities....     14 278,413  
    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.....     14 7,322  
    8Gain or (loss) from sales of assets other than inventory     18 261,773  
    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).. 0 547,742 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13547,742
    (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:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 985 0   985

    TY 2011 AllOthProgRltdInvestmentsSch
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Category Amount
    N/A 0

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PAYDEN HIGH INCOME FUND - 44748.027 SHS 302,675 308,761
    EATON VANCE FLOATING RATE I - 36247.067 SHS 319,780 319,337
    JPM HIGH YIELD FD - SEL FUND 3580 5.81% - 39067.977 SHS 297,596 297,698
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 8448.637 SHS 122,007 111,184
    JPM INTL CURRENCY INCOME FD 1.35% - 17395.174 SHS 192,552 188,390
    JPM TR I INFL MANAGED BD - SEL 2.19% - 36860.134 SHS 392,192 386,294
    T. ROWE PRICE INSTL INCOME FDS FLTG RATE FD F - 15842.858 SHS 164,924 156,844
    DB 95% PPN FX BASKET 2/1/13 - 65000 SHS 64,422 60,073
    BARC 93% PPN CURRENCY BASKET 9/13/13 - 60000 SHS 59,496 56,310
    INTERNATIONAL BUSINESS MACHINES CORP 7 1/2% 6/15/13 - 10000 SHS 11,462 10,985
    U S A BONDS 11 1/4% FEB 15 2015 DTD 2/15/85 - 160000 SHS 235,652 213,501
    U S A BONDS 7 1/4% MAY 15 2016 DTD 5/15/86 - 160000 SHS 200,906 205,187
    US TREAS ISSUE 02/15/14 DTD 2/15/85 - 210000 SHS 200,476 208,719
    PUBLIC SERVICE COMPANY OF COLO 7 7/8% OCT 1 2012 DTD 4/1/2003 - 10000 SHS 11,378 10,518
    FREDDIE MAC GOLD PARTIC CTF 6% 02/01/18 - 29479.266 SHS 31,773 32,025
    SOUTHERN CAL EDISON 5% JAN 15 2014 DTD 1/14/2004 - 10000 SHS 10,478 10,821
    FREDDIE MAC NOTES 4 1/2% JAN 15 2014 DTD 1/16/2004 - 105000 SHS 107,262 113,397
    MORGAN STANLEY NOTES 4 3/4% APR 1 2014 DTD 3/30/2004 - 25000 SHS 24,981 24,627
    CREDIT SUISSE FB USA INC NOTES 4 7/8% JAN 15 2015 DTD 12/15/2004 - 20000 SHS 21,478 20,896
    HSBC FINANCE CORP 5% JUN 30 2015 DTD 6/27/2005 - 15000 SHS 16,216 15,231
    FREDDIE MAC 4 1/2% JAN 15 2015 DTD 1/21/2005 - 75000 SHS 82,402 83,627
    GOLDMAN SACHS GROUP INC SR NOTES 5.35% JAN 15 2016 DTD 1/17/2006 - 25000 SHS 27,578 25,629
    VERIZON COMMUNICATIONS 5.55% FEB 15 2016 DTD 2/15/2006 - 10000 SHS 11,101 11,443
    ST PAUL TRAVELERS 5 1/2% DEC 1 2015 DTD 11/28/2005 - 15000 SHS 17,075 16,827
    FREDDIE MAC SER-2931 CL DB 4% APR 15 2017 DTD 2/01/2005 - 11552.37 SHS 11,783 11,602
    GENERAL ELEC CAP CORP SR NOTES 5 3/8% OCT 20 2016 DTD 10/20/2006 - 15000 SHS 16,499 16,765
    WELLS FARGO COMPANY 5 5/8% DEC 11 2017 DTD 12/10/2007 - 10000 SHS 11,476 11,395
    HEWLETT-PACKARD CO NOTES 4 1/2% MAR 01 2013 DTD 03/03/2008 - 10000 SHS 10,466 10,285
    GLAXOSMITHKLINE CAP INC 4 3/8% APR 15 2014 DTD 04/06/2004 - 10000 SHS 10,377 10,822
    BOEING CO 3 1/2% FEB 15 2015 DTD 07/28/2009 - 15000 SHS 15,569 16,105
    NUCOR CORP 5% JUN 01 2013 DTD 06/02/2008 - 10000 SHS 10,661 10,569
    BHP BILLITON FIN USA LTD GTD SR NT DTD 03/29/2007 5.40% - 20000 SHS 22,751 23,193
    FED HOME LN MTG CORP PARTN CTFS GROUP NBR E8-2772 6.50% - 4382.62 SHS 4,433 4,815
    FED HOME LN MTG CORP PARTN CTFS GROUP NBR E9-9582 5.00% - 64089.127 SHS 68,215 69,642
    FED HOME LN MTG CORP PARTN CTFS GROUP NBR G11020 7.00% - 20658.88 SHS 21,924 22,268
    FEDERAL NATL MTG ASSN GTD NBR 0251729 6.50% - 45969.36 SHS 49,532 51,171
    FEDERAL NATL MTG ASSN GTD MTG NBR 555419 6.50% - 24252.91 SHS 25,799 26,567
    FEDERAL NATL MTG ASSN GTD MTG NBR 580515 5.50% - 22598.29 SHS 23,686 24,549
    FEDERAL NATL MTG ASSN GTD MTG NBR 634371 6.50% - 25647.21 SHS 27,250 28,014
    FEDERAL NATL MTG ASSN GTD REMIC TR 2002-63 CL-LB 5.50% - 35073.73 SHS 36,784 37,668
    FEDERAL NATL MTG ASSN GTD MTG NBR 684130 5.50% - 45094.44 SHS 47,701 49,016
    ALLSTATE LF GLB FN TRST MEDIUM TERM NOTES 5 3/8% - 20000 SHS 19,738 21,119
    FREDDIE MAC GOLD PARTIC CTF 4.5% POOL NO G11720 - 53493.614 SHS 56,235 57,011
    FREDDIE MAE SER 2102 CL TC 6% DEC 15 2013 DTD 12/01/1998 - 14817.44 SHS 15,693 15,336
    FANNIE MAE 5% FEB 01 2021 DTD 01/01/2006 POOL NO 745279 - 54826.558 SHS 59,247 59,269
    BNP PARIBAS SA 2 1/8% DEC 21 2012 DTD 12/21/2009 - 10000 SHS 10,047 9,742
    FREDDIE MAC SER 2886 CL BE 4.5% NOV 15 2019 DTD 11/01/2004 - 60000 SHS 61,200 66,803
    BANK OF NOVA SCOTIA 3.4% JAN 22 2015 DTD 01/22/2010 - 4000 SHS 3,995 4,202
    WELLS FARGO & COMPANY SR NOTES 3 5/8% APR 15 2015 DTD 03/30/2010 - 20000 SHS 20,245 20,937
    U S A NOTES 1 1/8% JUNE 15 2013 DTD 06/15/2010 - 90000 SHS 91,301 91,184
    TOYOTA MOTOR CREDIT CORP MEDIUM TERM NOTES 3.2% - 10000 SHS 10,018 10,518
    SHELL INTERNATIONAL FIN 3.1% JUN 28 2015 DTD 06/28/2010 - 6000 SHS 5,996 6,433
    TOTAL CAPITAL SA 2.3% MAR 15 2016 DTD 09/15/2010 - 20000 SHS 20,124 20,527
    BERKSHIRE HATAWAY FIN 2.45% DEC 15 2015 DTD 12/15/2010 - 7000 SHS 6,985 7,257
    CANADIAN NATL RY CO NT 4.40% MAR 15 2013 DTD 03/10/2003 - 10000 SHS 10,592 10,425
    FREDDIE MAC GOLD PARTIC CTF 5% DEC 01 2019 POOL NO B14477 - 49448.952 SHS 52,570 53,363
    HONDA AUTO REC OWNER TRUST SER 2011-1 CL A4 1.8% - 40000 SHS 40,656 40,645
    BB&T CORPORATION MTN 3.2% MAR 15 2016 DTD 03/07/2011 - 10000 SHS 9,990 10,424
    BP CAPITAL MARKETS PLC 3.2% MAR 11 2016 DTD 03/11/2011 - 10000 SHS 9,991 10,480
    DELL INC 3.1% APR 01 2016 DTD 03/31/2011 - 10000 SHS 10,291 10,576
    ABBEY NATL TREASURY SERV FLOATING RATE 04/27/2011 - 10000 SHS 10,044 9,104
    AMGEN INC 2.3% JUN 15 2016 DTD 06/30/2011 - 3000 SHS 2,993 3,020
    USA NOTES 1 1/2% JUN 30 2016 DTD 06/30/2011 - 25000 SHS 25,091 25,854
    USA NOTES 0 5/8% JUL 15 2014 DTD 07/15/2011 - 80000 SHS 80,016 80,618
    BANK OF NEW YORK MELLON MTN 2.3% JUL 28 2016 DTD 07/28/2011 - 10000 SHS 10,210 10,031
    AT&T INC 2.4% AUG 15 2016 DTD 08/18/2011 - 15000 SHS 15,243 15,304
    TEVA PHARMACEUT FIN BV 2.4% NOV 10 2016 DTD 11/10/2011 - 5000 SHS 5,006 5,085
    ORACLE CORP 4.95% APR 15 2013 DTD 04/09/2008 - 10000 SHS 10,624 10,561
    SIMON PROPERTY GROUP LP 5 3/4% DEC 01 2015 DTD 11/15/2005 - 15000 SHS 16,954 16,782
    E.I. DUPONT DE NEMOURS NOTES 5 7/8% JAN 15 2014 DTD 12/12/2008 - 1000 SHS 1,081 1,097
    SOUTHERN CALIF GAS CO 5 1/2% MAR 15 2014 DTD 11/21/2008 - 10000 SHS 10,901 10,961
    AMERPRISE FINANCIAL INC 5.65% NOV 15 2015 DTD 11/23/2005 - 10000 SHS 11,466 11,296
    PRINCIPAL LIFE INC FDG MEDIUM TERM NOTE 5.3% 04/24/2008 - 20000 SHS 18,492 20,984
    WYETH 5 1/2% FEB 15 2016 DTD 11/14/2005 - 20000 SHS 21,627 23,260
    CATERPILLAR FINACIAL SE MEDIUM TERM NOTE 6 1/8% 02/12/2009 - 10000 SHS 10,842 11,072
    GENERAL ELEC CAP CORP NOTES 5.9% MAY 13 2014 DTD 05/13/2009 - 25000 SHS 24,972 27,379
    BANK OF AMERICA CORP MEDIUM TERM NOTE 7 3/8% 05/13/2009 - 30000 SHS 32,478 31,106
    STATE STREET CORP SR NOTES 4.3% MAY 30 2014 DTD 05/22/2009 - 5000 SHS 4,995 5,351
    PNC FUNDING CORP 5.4% JUN 10 2014 DTD 06/09/2009 - 10000 SHS 9,941 10,936
    DAIMLER CHRYSLER AUTO TRUST SER 2007-A CL A4 5.28% 11/21/2007 - 6906.74 SHS 6,700 6,913
    PRAXAIR INC 5 1/4% NOV 15 2014 DTD 11/13/2007 - 10000 SHS 10,729 11,223
    AMERICREDIT AUTOMOBILE REC TRUST SER 2011-5 CL A3 1.55% - 40000 SHS 39,986 39,968
    FANNIE MAE NOTES 4 5/8% OCT 15 2013 DTD 9/26/2003 - 100000 SHS 101,383 107,539
    FREDDIE MAC NOTES 5% JUL 15 2014 DTD 7/16/2004 - 75000 SHS 84,151 83,294
    FANNIE MAE 5 3/8% JUL 15 2016 DTD 6/15/2006 - 75000 SHS 88,040 89,288
    DIAGO FINANCE BV 5.3% OCT 28 2015 DTD 10/28/2005 - 15000 SHS 17,009 17,066
    RIO TINTO FINANCE PLC 8.95% US767201AF38 - 10000 SHS 12,060 11,695
    ONTARIO (PROVINCE OF) 4.1% JUN 16 2014 DTD 06/16/2009 - 10000 SHS 10,071 10,745
    U S A NOTES 2 3/8% OCT 31 2014 DTD 11/02/2009 - 95000 SHS 100,340 100,351
    U S A NOTES 3 1/8% OCT 31 2016 DTD 11/02/2009 - 135000 SHS 143,680 149,692
    CITIGROUP INC 6.01% JAN 15 2015 DTD 12/15/2009 - 30000 SHS 31,305 31,341
    U S A NOTES 1 3/8% MAY 15 2013 DTD 05/15/2010 - 110000 SHS 111,354 111,745

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 75 SHS 4,160 4,217
    AGREE REALTY CORP - 75 SHS 2,028 1,829
    AIR PRODUCTS & CHEMICALS INC - 75 SHS 6,544 6,389
    ALEXANDRIA REAL ESTATE EQUITIES INC - 50 SHS 3,809 3,449
    AMERICAN CENTURY 3 INCOME FUND (FUND 123) - 8557.187 SHS 49,289 62,211
    AMERICAN EXPRESS CO - 175 SHS 7,668 8,255
    ANALOG DEVICES INC - 125 SHS 5,250 4,473
    AUTOMATIC DATA PROCESSING INC - 125 SHS 6,455 6,751
    BB & T CORP - 175 SHS 4,965 4,405
    BAXTER INTERNATIONAL INC - 100 SHS 5,436 4,948
    BECTON DICKINSON & CO - 50 SHS 3,777 3,736
    CMS ENERGY CORP - 325 SHS 4,627 7,176
    CHUBB CORP - 75 SHS 3,976 5,192
    CINCINNATI FINANCIAL CORP - 100 SHS 2,825 3,046
    COCA-COLA CO - 100 SHS 4,080 6,997
    CULLEN FROST BANKERS INC - 50 SHS 2,587 2,646
    DARDEN RESTAURANTS INC - 125 SHS 5,524 5,698
    E I DU PONT DE NEMOURS & CO - 150 SHS 7,195 6,867
    EMERSON ELECTRIC CO - 150 SHS 7,265 6,989
    GENTEX CORP - 100 SHS 2,540 2,959
    GENUINE PARTS CO - 50 SHS 2,160 3,060
    GREIF INC CL A - 75 SHS 4,843 3,416
    THE HERSHEY COMPANY - 125 SHS 7,341 7,723
    HOME DEPOT INC - 100 SHS 3,649 4,204
    INTEL CORP - 200 SHS 5,424 4,850
    INTERNATIONAL BUSINESS MACHINES CORP - 50 SHS 8,755 9,194
    JOHNSON & JOHNSON - 175 SHS 6,914 11,477
    KLA-TENCOR CORP - 150 SHS 5,836 7,238
    LIMITED BRANDS INC - 125 SHS 4,711 5,044
    LINCARE HOLDINGS INC - 225 SHS 6,086 5,785
    LINEAR TECHNOLOGY CORP - 100 SHS 3,231 3,003
    MC DONALDS CORP - 125 SHS 9,628 12,541
    MICROSOFT CORP - 250 SHS 6,970 6,490
    MOLEX INC - 175 SHS 4,612 4,176
    NATIONAL HEALTH INVESTORS INC - 125 SHS 5,742 5,498
    NIKE INC B - 25 SHS 2,082 2,409
    NORFOLK SOUTHERN CORP - 75 SHS 5,607 5,465
    NORTHEAST UTILITIES - 150 SHS 4,125 5,411
    NORTHERN TRUST CORP - 150 SHS 7,777 5,949
    OCCIDENTAL PETROLEUM CORP - 50 SHS 5,116 4,685
    PPG INDUSTRIES INC - 125 SHS 9,145 10,436
    PACCAR INC - 125 SHS 5,439 4,684
    PFIZER INC - 900 SHS 23,727 19,476
    PROCTER & GAMBLE CO - 125 SHS 7,409 8,339
    PROFESSIONALLY MANAGED PORTFOLIOS FUND - 8936.567 SHS 233,201 229,044
    PUBLIC STORAGE - 25 SHS 2,548 3,362
    SNAP-ON INC - 100 SHS 5,724 5,062
    SOUTHERN CO - 150 SHS 6,468 6,944
    TJX COMPANIES INC - 100 SHS 4,480 6,455
    TIFFANY & CO - 25 SHS 2,038 1,657
    TUPPERWARE CORP - 75 SHS 5,348 4,198
    UNITED TECHNOLOGIES CORP - 100 SHS 6,170 7,309
    V F CORP - 50 SHS 3,609 6,350
    WATSCO INC CL A - 50 SHS 3,305 3,283
    WILLIAMS COMPANIES INC - 175 SHS 5,444 5,779
    XILINX CORP - 150 SHS 5,392 4,809
    ONEOK INC - 75 SHS 5,623 6,502
    M & T BANK CORP - 100 SHS 8,345 7,634
    SEMPRA ENERGY - 125 SHS 6,499 6,875
    REPUBLIC SERVICES INC - 150 SHS 4,837 4,133
    SIMON PROPERTY GROUP INC - 50 SHS 5,846 6,447
    WELLS FARGO & CO - 725 SHS 23,181 19,981
    JPM REALTY INCOME FD - INSTL FUND 1372 - 7838.601 SHS 82,462 80,032
    CENTURYLINK INC - 175 SHS 7,413 6,510
    HONEYWELL INTERNATIONAL INC - 125 SHS 5,534 6,794
    VERIZON COMMUNICATIONS INC - 325 SHS 12,562 13,039
    MFS INTL VALUE-I - 2367.15 SHS 57,135 58,492
    T ROWE PRICE GROUP INC - 250 SHS 14,486 14,238
    US BANCORP DEL - 275 SHS 7,188 7,439
    ISHARES MSCI EAFE INDEX FUND - 1403 SHS 80,278 69,491
    CHEVRON CORP - 135 SHS 11,238 14,364
    3M CO - 100 SHS 8,662 8,173
    YUM BRANDS INC - 100 SHS 5,136 5,901
    J M SMUCKER CO - 100 SHS 6,575 7,817
    JPM LARGE CAP GROWTH FD - SEL FUND 3118 - 3800.092 SHS 82,500 81,550
    VANGUARD MSCI EMERGING MARKETS ETF - 1981 SHS 84,806 75,694
    AT&T INC - 225 SHS 8,406 6,804
    POOL CORP - 100 SHS 2,756 3,010
    MANNING & NAPIER FUND INC WORLD OPPORTUNITIES FUND - 6197.288 SHS 34,271 41,088
    SPECTRA ENERGY CORPORATION W/I - 125 SHS 3,408 3,844
    BANK OF NEW YORK MELLON CORP - 175 SHS 4,495 3,484
    PHILIP MORRIS INTERNATIONAL - 125 SHS 3,519 9,810
    GATEWAY FUND - Y - 3110.941 SHS 80,604 82,098
    DR PEPPER SNAPPLE GROUP INC - 75 SHS 2,832 2,961
    LORILLARD INC - 50 SHS 4,106 5,700
    TIME WARNER CABLE INC - 100 SHS 7,802 6,357
    TIME WARNER INC NEW - 175 SHS 6,128 6,325
    ACCENTURE PLC-CL A - 50 SHS 2,957 2,662
    MERCK AND CO INC - 425 SHS 23,941 16,023
    ABERDEEN ASIA PACIFIC (EX JAPAN) 3 FUND - 5704.687 SHS 69,644 56,077
    NEXTERA ENERGY INC - 100 SHS 5,620 6,088
    XL GROUP PLC - 175 SHS 4,027 3,460
    JPM TR I MIDCAP CORE - SEL - 9438.969 SHS 156,026 151,684
    DB BREN ASIA BASKET 01/06/12 - 85000 SHS 84,150 78,090
    SG CONT BUFF EQ SPX 2/1/12 - 85000 SHS 84,150 87,805
    BARC BREN SPX 4/4/12 1 - 80000 SHS 79,200 81,216
    COVIDIEN PLC NEW - 100 SHS 5,265 4,501
    CS BREN EAFE 05/02/12 - 85000 SHS 84,150 72,335
    SG CONT BUFF EQ SPX 05/31/12 - 80000 SHS 79,200 75,752
    MS CONT BUFF EQ SPX 8/15/12 - 80000 SHS 79,200 77,588
    BNP BREN ASIA BASKET 08/22/12 - 80000 SHS 79,200 71,623
    BARC BREN EAFE 08/29/12 - 75000 SHS 74,250 71,603
    HSBC MARKET PLUS GOLD NOTE 10/29/12 - 40000 SHS 39,600 38,740
    DB BREN BRENT CRUDE 10/24/12 - 40000 SHS 39,600 38,660
    GS BREN EAFE 11/28/12 - 80000 SHS 79,200 77,568
    BARC BREN COMMODITY BSKT 11/21/13 - 40000 SHS 39,400 38,324
    BLACKROCK INC - 50 SHS 9,065 8,912
    UNITED PARCEL SERVICE INC CL B - 75 SHS 5,272 5,489
    EXXON MOBIL CORP - 150 SHS 4,855 12,714
    PRUDENTIAL FINANCIAL INC - 75 SHS 3,884 3,759
    CONOCOPHILLIPS - 215 SHS 14,269 15,667
    SEASPAN CORPORATION SHS - 200 SHS 4,957 2,736
    ONEBEACON INSURANCE GROUP LTD - 225 SHS 4,798 3,463
    THE TRAVELERS COMPANIES INC. - 125 SHS 5,879 7,396
    PEOPLE'S UNITED FINANCIAL INC - 200 SHS 3,342 2,570
    CINEMARK HOLDINGS INC - 350 SHS 6,514 6,472
    VALIDUS HOLDINGS LTD - 175 SHS 4,793 5,513
    AMERICAN WATER WORKS CO INC - 50 SHS 1,002 1,593
    DB BREN EEM 10/31/12 - 75000 SHS 74,250 73,575

    TY 2011 OtherAssetsSchedule
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SUNDRY 2 2 0


    TY 2011 OtherIncomeSchedule2
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OID INCOME 7,322 7,322 7,322


    TY 2011 OtherIncreasesSchedule
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Description Amount
    NONDIVIDEND DISTRIBUTIONS / RETURN OF CAPITAL 980
    MUTUAL FUND TIMING / FACTORING ADJUSTMENT 1,444
    ROUNDING ADJUSTMENTS 33


    TY 2011 TaxesSchedule
    Name:
    AJ & MD RUGGIERO MEMORIAL TRUST
    R80294003 / 0499218830
    EIN: 86-6240840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED EXCISE TAX - CURRENT YEAR 5,200 0   0
    EXCISE TAX PAID - PRIOR YEAR 4,324 0   0
    FOREIGN TAX PAID AT SOURCE 705 705   0