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 03-01-2011 , and ending 02-29-2012
G
Check all that apply:
Name of foundation
PHYLLIS A BENEKE SCHOLARSHIP FUND
9388080000 / R73229008

Number and street (or P.O. box number if mail is not delivered to street address)C/O JPMORGAN CHASE BANK NAPO BOX3038Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

55-6106147
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$2,866,403J 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 57 57  
4 Dividends and interest from securities...... 48,345 48,341  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 24,694
b Gross sales price for all assets on line 6a 1,392,627
7 Capital gain net income (from Part IV, line 2)... 24,694
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 329 329  
12 Total. Add lines 1 through 11........ 73,425 73,421  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,855 23,141   7,714
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,598 0   1,598
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,283 398   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 584 0   584
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,320 23,539   9,896
25 Contributions, gifts, grants paid........ 122,000 122,000
26 Total expenses and disbursements. Add lines 24 and 25 161,320 23,539   131,896
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -87,895
b Net investment income (if negative, enter -0-) 49,882
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............... 13,562 18,622 18,622
2 Savings and temporary cash investments.......... 187,094 145,812 145,812
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)........ 1,766,545 Click to see attachment1,755,124 2,043,369
c Investments—corporate bonds (attach schedule)........ 689,432 Click to see attachment650,124 658,600
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,656,633 2,569,682 2,866,403
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......... 2,656,633 2,569,682
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).................... 2,656,633 2,569,682
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,656,633 2,569,682
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 2,656,633
2 Enter amount from Part I, line 27a..................... 2 -87,895
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 951
4 Add lines 1, 2, and 3.......................... 4 2,569,689
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 7
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,569,682
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 SALES OF 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 1,376,766   1,367,933 8,833
b 15,861     15,861
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       8,833
b       15,861
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 24,694
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 122,085 2,763,919 0.044171
2009 122,894 2,554,006 0.048118
2008 122,867 2,688,014 0.045709
2007      
2006      
2 Total of line 1, column (d) ...................... 2 0.137998
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 0.045999
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 2,811,683
5 Multiply line 4 by line 3....................... 5 129,335
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 499
7 Add lines 5 and 6......................... 7 129,834
8 Enter qualifying distributions from Part XII, line 4.............. 8 131,896
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 1 499
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............................ 3 499
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- ..... 5 499
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 3,200
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 3,200
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,701
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet2,701 Refunded Bullet 11 0
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)bulletWV
    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 NA Telephone no.bullet (304) 234-4130
    Located atbullet1114 MARKET STREETWHEELINGWV ZIP+4bullet26003
    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 BANK NA TRUSTEE
    2.00     		30,855 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
    2,721,573
    b
    Average of monthly cash balances.......................
    1b
    132,928
    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
    2,854,501
    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
    2,854,501
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    42,818
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,811,683
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    140,584
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    140,584
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    499
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    499
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    140,085
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    500
    5
    Add lines 3 and 4............................
    5
    140,585
    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
    140,585
    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
    131,896
    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
    131,896
    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
    499
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    131,397
    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 7 140,585
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 27,411
    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$ 131,896
    a Applied to 2010, but not more than line 2a 27,411
    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..... 104,485
    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 ..........     		36,100
    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:
    WHEELING PARK HIGH SCHOOL ATTNPATRI
    1976 PARK VIEW ROAD
    WHEELING,WV26003
    (304) 243-0400
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORMS ARE AVAILABLE IN THE SCHOOL GUIDANCE DEPARTMENT.
    cAny submission deadlines:
    ABOUT THE 3RD WEEK OF MAY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS MUST BE GRADUATES OF PUBLIC HIGH SCHOOLS IN OHIO COUNTY, WEST VIRGINIA.
    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
    COLLEGE OF WILLIAM AND MARY FBO DANA HOLMSTRAND
    102 RICHMOND RD
    WILLIAMSBURG,VA23185     		NONE NONE SCHOLARSHIP 2,000
    FAIRMONT STATE COLLEGE FBO KAYLA HUDIMAC
    1201 LOCUST AVE
    FAIRMONT,WV26554     		NONE NONE SCHOLARSHIP 6,000
    GOUCHER COLLEGE FBO ELISABETH KIGER
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		NONE NONE SCHOLARSHIP 2,000
    HARDING UNIVERSITY FBO DENVER SCHULER
    915 E MARKET AVE
    SEARCY,AR72143     		NONE NONE SCHOLARSHIP 2,000
    INDIANA UNIVERSITY OF PENNSYLVANIA FBO LOGAN WOJCIK
    1011 SOUTH DRIVE
    INDIANA,PA15705     		NONE NONE SCHOLARSHIP 2,000
    MARSHALL UNIVERSITY FBO DOMINIQUE MITCHELL
    ONE JOHN MARSHALL DRIVE
    HUNTINGTON,WV25755     		NONE NONE SCHOLARSHIP 1,500
    MARSHALL UNIVERSITY FBO MATTHEW NGUYEN
    ONE JOHN MARSHALL DRIVE
    HUNTINGTON,WV25755     		NONE NONE SCHOLARSHIP 4,000
    SAINT MARY'S COLLEGE FBO TESSA MITCHELL
    PO BOX 180
    SOUTH BEND,IN46624     		NONE NONE SCHOLARSHIP 3,000
    UNIVERSITY OF NOTRE DAME FBO THOMAS MITCHELL
    220 MAIN BUILDING
    NOTRE DAME,IN46556     		NONE NONE SCHOLARSHIP 5,000
    UNIVERSITY OF PENNSYLVANIA FBO ROCKY DIEGMILLER
    3451 WALNUT ST
    PHILADELPHIA,PA19104     		NONE NONE SCHOLARSHIP 3,000
    VIRGINIA TECH UNIVERSITY FBO SARAH SCHNEIDER
    201 BURRUS HALL
    BLACKSBURG,VA24061     		NONE NONE SCHOLARSHIP 2,000
    WEST LIBERTY STATE COLLEGE FBO ALLISON DURKIN
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 2,000
    WEST LIBERTY STATE COLLEGE FBO ALYSSA MCKITRICK
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 1,000
    WEST LIBERTY STATE COLLEGE FBO AMANDA SWANN
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 2,000
    WEST LIBERTY STATE COLLEGE FBO BRANDON POLANSKI
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 2,000
    WEST LIBERTY STATE COLLEGE FBO JESSICA BRUCE
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 2,000
    WEST LIBERTY STATE COLLEGE FBO SARAH FISHER
    PO BOX 295
    WEST LIBERTY,WV26074     		NONE NONE SCHOLARSHIP 3,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO ALEXIS MORRELL
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO ALICIA BONAR
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO AMANDA WELSH
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO AMBER MCCLOSKEY
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO AMY FORSHEY
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,500
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO AMY PURPURA
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO CAITLIN PEYTON
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO CAITLIN THOMAS
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO CHELSEA JORDEN
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO CHRISTOPHER KING
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO DENNI JO KLAGES
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 1,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO DERRICK ROBRECHT
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,500
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO DOMINIC CARCIONE
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 4,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO ERIKA ALLEN
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 4,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO HANNAH SLANINA
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 6,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO HOLLY PURPURA
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO JACOB WOLEN
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 1,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO JASMINE RUSSELL
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO KAITLYN MCKITRICK
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,500
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO LAURA STEFANOW
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO LUCAS RUNYAN
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 6,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO MALLORY MORRIS
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 1,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO MATTHEW KUCERA
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO SHAYLYN WALTER
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 3,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO TAYLOR CROFT
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 2,000
    WEST VIRGINIA UNIVERSITY FOUNDATION FBO VANESSA GRAMLICH
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE NONE SCHOLARSHIP 4,000
    WEST VIRGINIA WESLEYAN COLLEGE FBO VIVIAN MINKEMEYER
    59 COLLEGE AVE
    BUCKHANNON,WV26201     		NONE NONE SCHOLARSHIP 5,000
    WHEELING JESUIT UNIVERSITY FBO JACOB KENNEY
    316 WASHINGTON AVE
    WHEELING,WV26003     		NONE NONE SCHOLARSHIP 2,000
    Total .................................bullet 3a 122,000
    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 57  
    4 Dividends and interest from securities....     14 48,345  
    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.....     14 329  
    8Gain or (loss) from sales of assets other than inventory     18 24,694  
    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 73,425 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1373,425
    (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 AllOthProgRltdInvestmentsSch
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Category Amount
    N/A 0

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD FI SECS F INTR TRM CP PT FUND 71 - 5586.14 SHS 54,800 57,034
    EATON VANCE FLOATING RATE I - 12577.09 SHS 110,460 112,816
    JPM HIGH YIELD FD - SEL FUND 3580 5.81% - 10273.98 SHS 80,721 81,370
    JPM SHORT DURATION BOND FD - SEL FUND 3133 0.84% - 14736.88 SHS 159,349 161,958
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 4005.12 SHS 58,424 58,275
    JPM INTL CURRENCY INCOME FD 1.35% - 5394.36 SHS 58,718 60,201
    JPM TR I MLT SC INC - SEL 4.08% - 3632.11 SHS 36,721 37,011
    JPMORGAN TR I FLOAT RATE INC 4.24% 4.25% - 4804.09 SHS 46,215 47,128
    DB 95% PPN FX BASKET 2/1/13 , UNCAPPED 7/29/11 - 25000 SHS 24,813 23,365
    BARC 93% PPN CURRENCY BASKET 9/13/13 ,UNCAPPED 9/9/11 - 20000 SHS 19,903 19,442

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLERGAN INC - 33 SHS 2,853 2,956
    AMAZON COM INC - 36 SHS 4,373 6,469
    ANADARKO PETROLEUM CORP - 43 SHS 3,180 3,617
    APPLE INC. - 43 SHS 4,711 23,325
    AUTOZONE INC - 7 SHS 2,012 2,621
    CVS CAREMARK CORPORATION - 84 SHS 2,437 3,788
    CAMPBELL SOUP COMPANY - 70 SHS 2,512 2,332
    CAPITAL ONE FINANCIAL CORP - 57 SHS 2,594 2,884
    CARDINAL HEALTH INC - 95 SHS 2,653 3,947
    CELGENE CORPORATION - 55 SHS 2,644 4,033
    CISCO SYSTEMS INC - 309 SHS 4,689 6,143
    CITRIX SYSTEMS INC - 24 SHS 1,385 1,794
    COLGATE PALMOLIVE CO - 28 SHS 2,206 2,609
    DELAWARE EMERGING MARKETS FUND - 1665.47 SHS 22,550 23,966
    E I DU PONT DE NEMOURS & CO - 138 SHS 5,068 7,017
    E M C CORP MASS - 105 SHS 2,144 2,907
    EMERSON ELECTRIC CO - 54 SHS 4,176 3,974
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 96 SHS 3,372 4,086
    GENERAL ELECTRIC CO - 160 SHS 2,603 3,048
    GENERAL MILLS INC - 65 SHS 2,058 2,490
    HOME DEPOT INC - 50 SHS 1,689 2,379
    HUMANA INC - 51 SHS 3,980 4,442
    JOHNSON CONTROLS INC - 200 SHS 4,472 6,526
    LAM RESEARCH CORP - 35 SHS 1,440 1,460
    THE ESTEE LAUDER COMPANIES INC CL A - 34 SHS 1,723 1,990
    LENNAR CORP - 85 SHS 1,285 1,987
    LOWES COMPANIES INC - 217 SHS 4,650 6,158
    MICROSOFT CORP - 446 SHS 2,917 14,156
    NIKE INC B - 35 SHS 2,088 3,777
    NORFOLK SOUTHERN CORP - 86 SHS 3,400 5,925
    OCCIDENTAL PETROLEUM CORP - 73 SHS 3,660 7,619
    ORACLE CORP - 205 SHS 4,565 5,997
    PACCAR INC - 95 SHS 2,683 4,371
    PFIZER INC - 339 SHS 4,712 7,161
    PIONEER NATURAL RESOURCES CO - 18 SHS 1,472 1,974
    PROCTER & GAMBLE CO - 120 SHS 6,538 8,114
    QUALCOMM INC - 93 SHS 2,153 5,783
    SCHLUMBERGER LTD - 94 SHS 7,854 7,295
    SOUTHWESTERN ENERGY CO - 25 SHS 986 827
    TEXAS INSTRUMENTS INC - 55 SHS 1,820 1,834
    UNITED TECHNOLOGIES CORP - 100 SHS 5,722 8,387
    VERTEX PHARMACEUTICALS INC - 40 SHS 1,254 1,557
    WALTER ENERGY INC - 31 SHS 2,272 2,010
    WILLIAMS COMPANIES INC - 130 SHS 3,249 3,884
    XILINX CORP - 100 SHS 2,970 3,693
    MARRIOTT INTERNATIONAL INC CL A - 40 SHS 2,598 2,611
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 58 SHS 3,042 4,115
    WELLS FARGO & CO - 305 SHS 7,270 9,543
    BANK OF AMERICA CORP - 322 SHS 4,778 2,566
    GOLDMAN SACHS GROUP INC - 47 SHS 4,353 5,412
    BLACKROCK U.S. OPPORTUNITIES PORTFOLIO - 689.216 SHS 29,712 25,391
    DEVON ENERGY CORP - 19 SHS 1,216 1,393
    EOG RESOURCES INC - 23 SHS 1,691 2,619
    HONEYWELL INTERNATIONAL INC - 71 SHS 2,892 4,229
    TARGET CORP - 50 SHS 2,365 2,835
    UNITEDHEALTH GROUP INC - 80 SHS 3,483 4,460
    VERIZON COMMUNICATIONS INC - 120 SHS 4,098 4,573
    US BANCORP DEL - 100 SHS 1,970 2,940
    YUM BRANDS INC - 100 SHS 3,508 6,624
    ARTISAN INTL VALUE FUND - INV - 5464.15 SHS 143,296 150,319
    CENTERPOINT ENERGY INC - 196 SHS 3,355 3,820
    COMCAST CORP CL A - 115 SHS 2,086 3,382
    CARNIVAL CORPORATION - 80 SHS 0 0
    ARBITRAGE FUNDS - I CL I - 6169.45 SHS 80,376 81,560
    ASTON OPTIMUM MID CAP FUND I - 729.496 SHS 19,820 24,314
    JPM LARGE CAP GROWTH FD - SEL FUND 3118 - 1099.21 SHS 23,347 26,425
    JPM US REAL ESTATE FD - SEL FUND 3037 - 3456.8 SHS 44,558 58,973
    JPM 3 INDEX FD - SEL FUND 3129 1.98% - 2389.85 SHS 60,750 74,300
    JPM MARKET EXPANSION INDEX FD - SEL FUND 3708 - 10371.8 SHS 90,857 110,978
    JPM ASIA 3 FD - SEL FUND 1134 - 1486.07 SHS 32,735 48,253
    AMERIPRISE FINANCIAL INC - 35 SHS 1,896 1,952
    AT&T INC - 131 SHS 4,640 4,007
    CBS CORP CLASS B W/I - 140 SHS 3,794 4,186
    JPM TR I GROWTH ADVANTAGE FD - SEL FUND 1567 - 6478.13 SHS 58,368 64,911
    CAMERON INTERNATIONAL CORPORATION - 41 SHS 2,221 2,284
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 1750 SHS 42,086 51,310
    IVY LARGE CAP GROWTH FUND - I - 4731.92 SHS 44,243 70,269
    CME GROUP INC CLASS A COMMON STOCK - 11 SHS 3,172 3,184
    EATON VANCE MUT FDS TR GLOBAL MACRO - I - 14199.49 SHS 144,248 142,137
    INVESCO LTD - 130 SHS 2,528 3,220
    PHILIP MORRIS INTERNATIONAL - 44 SHS 3,613 3,675
    GATEWAY FUND - Y - 1731.98 SHS 46,082 46,677
    NETAPP INC - 25 SHS 891 1,075
    SPDR GOLD TRUST - 450 SHS 42,511 73,929
    ACE LTD NEW - 61 SHS 3,461 4,374
    EQT CORPORATION - 18 SHS 944 954
    TYCO INTERNATIONAL LTD - 75 SHS 2,785 3,887
    TIME WARNER INC NEW - 241 SHS 5,782 8,968
    MERCK AND CO INC - 271 SHS 9,037 10,344
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 1930.47 SHS 27,165 35,250
    PIMCO COMMODITIES PLUS STRATEGY - 2462.41 SHS 28,465 28,071
    NEXTERA ENERGY INC - 42 SHS 2,399 2,499
    JPM TR I MIDCAP CORE - SEL - 3393.6 SHS 48,970 59,829
    SG CONT BUFF EQ SPX 6/15/12 INITIAL LEVEL-12/3/10 - 40000 SHS 39,500 44,688
    BARC REN SPX 3/21/12 INITIAL LEVEL-3/4/11- 45000 SHS 44,550 48,164
    COLUMBIA FDS SER TR II MASS ASIA PC JP R5 - 3148 SHS 37,514 39,350
    COVIDIEN PLC NEW - 70 SHS 2,957 3,658
    GS BREN EAFE 4/10/12 INITIAL LEVEL-3/25/11- 30000 SHS 29,700 28,750
    JOHN HANCOCK II-EMG MKTS-I - 2427.56 SHS 28,305 25,999
    CS BREN EAFE 05/02/12 INITIAL LEVEL-04/21/11:- 30000 SHS 29,700 27,870
    CITIGROUP INC NEW - 146 SHS 5,108 4,865
    GS BREN EAFE 06/20/12 INITIAL LEVEL-06/03/11:- 30000 SHS 29,700 28,354
    MS CONT BUFF EQ SPX 06/20/12 INITIAL LEVEL-06/03/11- 45000 SHS 44,550 47,167
    BNP CONT BUFF EQ SPX 08/01/12 INITIAL LEVEL-07/15/11- 50000 SHS 49,500 52,015
    DB BREN ASIA BASKET 11/28/12 INITIAL LEVEL-11/11/11- 25000 SHS 24,750 26,438
    CS QARN SPX 02/06/13 100/100/100/100 INITIAL LEVEL-01/20/12- 40000 SHS 39,600 40,388
    CS BREN EAFE 03/13/13 INITIAL LEVEL--02/24/12- 30000 SHS 29,700 30,000
    JUNIPER NETWORKS INC - 165 SHS 3,315 3,755
    EXXON MOBIL CORP - 149 SHS 6,041 12,889
    METLIFE INC - 140 SHS 4,717 5,397
    KRAFT FOODS INC CLASS A - 129 SHS 4,453 4,911
    PRUDENTIAL FINANCIAL INC - 61 SHS 2,170 3,731
    BIOGEN IDEC INC - 37 SHS 2,586 4,309
    BAIDU INC SPONS ADR - 13 SHS 1,198 1,777
    INTERCONTINENTAL EXCHANGE INC - 15 SHS 1,716 2,069
    TD AMERITRADE HOLDING CORPORATION - 87 SHS 1,341 1,624
    MASTERCARD INC - CLASS A - 6 SHS 1,083 2,520
    GENERAL MOTORS CO - 100 SHS 3,389 2,602
    GS BREN EEM 11/05/12 INITIAL LEVEL-10/19/11- 25000 SHS 24,750 28,140

    TY 2011 LegalFeesSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSES 1,598 0   1,598


    TY 2011 OtherDecreasesSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Description Amount
    ADJUSTMENT - MISC 7


    TY 2011 OtherExpensesSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP ADMIN EXPENSES 584 0   584


    TY 2011 OtherIncomeSchedule2
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACCRETION 329 329 329


    TY 2011 OtherIncreasesSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Description Amount
    ADJUSTMENT - RETURN OF CAPITAL 451
    ADJUSTMENT - RECOVERY OF PRIOR YEARS DISTRIBUTION 500


    TY 2011 TaxesSchedule
    Name:
    PHYLLIS A BENEKE SCHOLARSHIP FUND
    9388080000 / R73229008
    EIN: 55-6106147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN DIVIDEND TAX PAID 398 398   0
    EST EXCISE TAX PAID - CURRENT YR 3,200 0   0
    EXCISE TAX PAID - PRIOR YR 2,685 0   0