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
2010
For calendar year 2010, or tax year beginning 12-01-2010 , and ending 11-30-2011
G
Check all that apply:
Name of foundation
LOEB CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1000 SECOND AVENUE FLOOR 34   Room/suite
City or town, state, and ZIP code
SEATTLE, WA981041022
A Employer identification number

27-1318376
B Telephone number (see page 10 of the instructions)

(206) 667-0300
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$14,997,326J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 20,455 20,455  
4 Dividends and interest from securities...... 606,426 606,426  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 158,265
b Gross sales price for all assets on line 6a 2,331,733
7 Capital gain net income (from Part IV, line 2)... 158,265
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 -5,261 -5,261  
12 Total. Add lines 1 through 11........ 779,885 779,885  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 255 0 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 61,449 34,525 0 26,924
17 Interest............... 13,445 13,445    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,968 1,864    
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 20,458 19,699    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 104,575 69,533 0 26,924
25 Contributions, gifts, grants paid........ 1,546,750 849,250
26 Total expenses and disbursements. Add lines 24 and 25 1,651,325 69,533 0 876,174
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -871,440
b Net investment income (if negative, enter -0-) 710,352
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 (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 195,416 148,686 148,686
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........... 0 1,296 1,296
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,108,930 Click to see attachment5,019,255 5,019,255
c Investments—corporate bonds (attach schedule)........ 7,182,373 Click to see attachment6,336,115 6,336,115
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,330,605 Click to see attachment3,490,600 3,490,600
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,479 Click to see attachment1,374 Click to see attachment1,374
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,818,803 14,997,326 14,997,326
Liabilities 17 Accounts payable and accrued expenses.......... 1,293 7,104
18 Grants payable................... 0 697,500
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).......... 1,293 704,604
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 15,817,510 14,292,722
30 Total net assets or fund balances (see page 17 of the
instructions).................... 15,817,510 14,292,722
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 15,818,803 14,997,326
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 15,817,510
2 Enter amount from Part I, line 27a...................... 2 -871,440
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 14,946,070
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 653,348
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 14,292,722
Form 990-PF (2010)
Form 990-PF (2010)
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 35 SHS CHIPOTLE MEXICAN GRILL INC   2010-01-11 2010-12-02
b 50 SHS NETAPP INC   2010-01-11 2010-12-07
c 45 SHS VANCEINFO TECHNOLOGIES INC ADR   2010-04-08 2010-12-07
d 145 SHS VANCEINFO TECHNOLOGIES INC ADR   2010-01-11 2010-12-07
e 65 SHS F5NETWORKS INC   2010-04-09 2010-12-14
90 SHS CTRIP.COM INTERNATIONAL, LTD - ADR   2010-04-08 2010-12-15
110 SHS CTRIP.COM INTERNATIONAL, LTD - ADR   2010-01-11 2010-12-15
10 SHS MASTERCARD INC   2010-01-11 2010-12-21
30 SHS MASTERCARD INC   2010-04-08 2010-12-21
5 SHS MASTERCARD INC   2010-04-08 2011-01-03
75 SHS MASTERCARD INC   2010-07-01 2011-01-03
120 SHS PRAXAIR INC   2010-08-25 2011-01-13
315 SHS COUNTRY STYLE COOK I   2010-10-04 2011-01-13
105 SHS MSCI INC   2010-04-08 2011-01-18
210 SHS MSCI INC   2010-07-01 2011-01-18
15 SHS F5 NETWORKS INC   2010-04-09 2011-01-19
35 SHS F5 NETWORKS INC   2010-07-01 2011-01-19
10 SHS SALESFORCE COM INC   2010-04-08 2011-01-20
30 SHS SALESFORCE COM INC   2010-04-12 2011-01-20
20 SHS SALESFORCE COM INC   2010-04-15 2011-01-20
285 SHS RIVERBED TECHNOLOGY INC   2011-01-18 2011-01-25
95 SHS CELGENE CORP COM   2010-04-08 2011-01-26
210 SHS CELGENE CORP COM   2010-07-01 2011-01-26
40 SHS CTRIP.COM INTERNATIONAL, LTD - ADR   2010-04-08 2011-01-27
250 SHS CTRIP.COM INTERNATIONAL, LTD - ADR   2010-07-01 2011-01-27
95 SHS CTRIP.COM INTERNATIONAL, LTD - ADR   2010-08-04 2011-01-27
190 SHS GREEN MOUNTAIN COFFEE INC   2010-04-08 2011-02-01
300 SHS RESMED INC   2010-12-15 2011-02-01
25 SHS HDFC BANK LTD   2010-04-08 2011-02-08
65 SHS HDFC BANK LTD   2010-07-01 2011-02-08
5 SHS PRICELINE COM INC   2010-04-08 2011-03-01
50 SHS F5 NETWORKS INC   2010-07-01 2011-03-02
95 SHS VANCEINFO TECHNOLOGIES INC ADR   2010-04-08 2011-03-07
315 SHS VANCEINFO TECHNOLOGIES INC ADR   2010-07-01 2011-03-07
65 SHS COGNIZANT TECH SOLUTIONS CRP   2010-04-08 2011-03-10
85 SHS GREEN MOUNTAIN COFFEE INC   2010-04-08 2011-03-10
40 SHS GREEN MOUNTAIN COFFEE INC   2010-04-08 2011-03-11
60 SHS GREEN MOUNTAIN COFFEE INC   2010-04-29 2011-03-11
135 SHS NETAPP INC   2010-04-08 2011-03-17
40 SHS NETAPP INC   2010-07-01 2011-03-17
225 SHS SILICON LABORATORIES INC   2010-12-14 2011-04-05
155 SHS ROVI CORPORATION   2010-05-27 2011-04-12
95 SHS ROVI CORPORATION   2010-07-01 2011-04-12
25 SHS GOOGLE INC   2010-07-01 2011-04-20
0.25 SHS HEICO CORP   2011-02-08 2011-04-29
125 SHS FREEPORT-MCMORAN COPPER & GOLD INC   2010-08-17 2011-05-12
40 SHS COGNIZANT TECH SOLUTIONS CRP   2010-07-01 2011-05-23
80 SHS SINA CORPORATION   2011-01-27 2011-06-08
380 SHS OASIS PETROLEUM INC   2011-01-14 2011-06-14
205 SHS OASIS PETROLEUM INC   2011-01-26 2011-06-14
145 SHS EDWARDS LIFESCIENCES CORP   2011-04-21 2011-08-09
65 SHS EDWARDS LIFESCIENCES CORP   2011-04-29 2011-08-09
65 SHS EDWARDS LIFESCIENCES CORP   2011-05-12 2011-08-09
220 SHS BE AEROSPACE INC   2010-09-22 2011-08-10
150 SHS ROCKWELL AUTOMATION INC   2011-01-19 2011-08-10
20 SHS ROCKWELL AUTOMATION INC   2011-01-26 2011-08-10
170 SHS ACCRETIVE HEALTH INC   2011-03-10 2011-08-23
95 SHS IPG PHOTONICS CORP   2011-04-18 2011-09-02
215 SHS INFORMATICA CORP   2011-05-20 2011-09-06
105 SHS INFORMATICA CORP   2011-06-02 2011-09-06
255 SHS INFORMATICA CORP   2011-06-20 2011-09-06
95 SHS ROCKWELL AUTOMATION INC   2011-01-26 2011-09-06
105 SHS ROCKWELL AUTOMATION INC   2011-02-01 2011-09-06
80 SHS ROCKWELL AUTOMATION INC   2011-02-17 2011-09-06
100 SHS JONES LANG LASALLE INC   2010-11-05 2011-09-13
60 SHS JONES LANG LASALLE INC   2011-01-05 2011-09-13
265 SHS SOUTHWESTERN ENERGY CO   2011-03-18 2011-09-13
55 SHS NETFLIX.COM INC   2011-03-10 2011-09-20
50 SHS SINA CORPORATION   2011-01-27 2011-09-21
90 SHS SINA CORPORATION   2011-04-14 2011-09-21
235 SHS ROCKWOOD HLDGS INC   2011-03-01 2011-09-22
145 SHS ROCKWOOD HLDGS INC   2011-03-22 2011-09-22
110 SHS T ROWE PRICE GROUP INC   2010-10-06 2011-09-23
75 SHS T ROWE PRICE GROUP INC   2011-01-03 2011-09-23
35 SHS MERCADOLIBRE INC   2011-04-07 2011-09-27
100 SHS CARBO CERAMICS INC   2010-12-08 2011-09-29
85 SHS CARBO CERAMICS INC   2011-02-08 2011-09-29
835 SHS MELCO CROWN ENT. LTD   2011-08-30 2011-09-29
115 SHS ULTA SALON COSMETICS & FRAGRANCES   2011-03-14 2011-10-04
315 SHS ACCRETIVE HEALTH INC   2011-03-10 2011-10-19
105 SHS MWI VETERINARY SUPPLY INC   2011-05-17 2011-11-04
115 SHS IPG PHOTONICS CORP   2011-04-18 2011-11-09
405 SHS ARCOS DORADOS HOLDINGS INC   2011-09-08 2011-11-11
20 SHS IPG PHOTONICS CORP   2011-04-18 2011-11-14
80 SHS IPG PHOTONICS CORP   2011-10-12 2011-11-14
190 SHS FIRST CASH FINANCIAL SERVICES INC   2011-08-10 2011-11-21
60 SHS FIRST CASH FINANCIAL SERVICES INC   2011-08-19 2011-11-21
500 SHS MADISON SQUARE GARDEN INC   2010-02-16 2011-02-01
300 SHS MADISON SQUARE GARDEN INC   2010-04-08 2011-02-01
400 SHS MADISON SQUARE GARDEN INC   2010-06-30 2011-02-01
600 SHS KOREA ELECTRIC POWER CORP   2010-04-08 2011-02-16
1700 SHS KOREA ELECTRIC POWER CORP   2010-06-30 2011-02-16
500 SHS WILLIAMS COS INC   2010-04-08 2011-02-17
1200 SHS WILLIAMS COS INC   2010-06-30 2011-02-17
1060 SHS CEMES S.A.B. DE C.C. ADR   2010-05-21 2011-04-27
400 SHS XL GROUP PLC   2010-06-30 2011-04-27
8400 SHS SPRINT NEXTEL CORP   2011-02-10 2011-08-25
2200 SHS YAHOO INC   2011-03-25 2011-08-25
8264.463 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-03-17
27247.956 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-07-05
9132.42 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-09-14
2742.23 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-09-21
37243.948 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-10-21
3246.753 SHS PIMCO TOTAL RETURN FD   2009-12-31 2011-11-21
25 SHS MSCI INC   2010-01-11 2011-01-18
20 SHS CELGENE CORP COM   2010-01-11 2011-01-26
40 SHS GREEN MOUNTAIN COFFEE INC   2010-01-11 2011-02-01
35 SHS HDFC BANK LTD   2010-01-11 2011-02-08
100 SHS COGNIZANT TECH SOLUTIONS CRP   2010-01-11 2011-02-17
25 SHS PRICELINE COM INC   2010-01-11 2011-03-01
30 SHS COGNIZANT TECH SOLUTIONS CRP   2010-01-11 2011-03-10
100 SHS NETAPP INC   2010-01-11 2011-03-17
40 SHS AMAZON.COM INC   2010-01-11 2011-03-18
85 SHS BAIDU INC ADR   2010-01-11 2011-04-07
15 SHS GOOGLE INC   2010-04-08 2011-04-18
15 SHS CHIPOTLE MEXICAN GRILL INC   2010-01-11 2011-04-27
5 SHS CHIPOTLE MEXICAN GRILL INC   2010-04-08 2011-04-27
125 SHS SXC HEALTH SOLUTIONS CORP   2010-01-11 2011-05-12
75 SHS T ROWE PRICE GROUP INC   2010-02-03 2011-05-20
45 SHS COGNIZANT TECH SOLUTIONS CRP   2010-04-08 2011-05-23
65 SHS BAIDU INC ADR   2010-01-11 2011-06-16
30 SHS BAIDU INC ADR   2010-04-08 2011-06-16
40 SHS APPLE INC   2010-01-11 2011-06-17
75 SHS GREEN MOUNTAIN COFFEE INC   2010-04-29 2011-07-07
35 SHS GREEN MOUNTAIN COFFEE INC   2010-07-01 2011-07-07
20 SHS CHIPOTLE MEXICAN GRILL INC   2010-04-08 2011-07-21
45 SHS GREEN MOUNTAIN COFFEE INC   2010-07-01 2011-08-05
85 SHS MERCADOLIBRE INC   2010-04-22 2011-08-05
25 SHS MERCADOLIBRE INC   2010-06-02 2011-08-05
60 SHS MERCADOLIBRE INC   2010-07-01 2011-08-05
135 SHS F5 NETWORKS INC   2010-07-01 2011-08-17
65 SHS T ROWE PRICE GROUP INC   2010-04-08 2011-08-18
65 SHS T ROWE PRICE GROUP INC   2010-07-01 2011-08-18
65 SHS SXC HEALTH SOLUTIONS CORP   2010-01-11 2011-08-18
50 SHS SXC HEALTH SOLUTIONS CORP   2010-04-08 2011-08-18
115 SHS SALESFORCE COM INC   2010-07-01 2011-08-19
20 SHS PRICELINE COM INC   2010-04-08 2011-08-22
220 SHS COGNIZANT TECH SOLUTIONS CRP   2010-07-01 2011-08-26
260 SHS NETAPP INC   2010-07-01 2011-08-29
40 SHS JONES LANG LASALLE INC   2010-02-17 2011-09-09
15 SHS JONES LANG LASALLE INC   2010-04-08 2011-09-09
10 SHS JONES LANG LASALLE INC   2010-04-08 2011-09-13
65 SHS JONES LANG LASALLE INC   2010-07-01 2011-09-13
155 SHS FREEPORT-MCMORAN COPPER & GOLD INC   2010-08-17 2011-09-21
120 SHS FREEPORT-MCMORAN COPPER & GOLD INC   2010-09-08 2011-09-21
80 SHS T ROWE PRICE GROUP INC   2010-07-01 2011-09-23
125 SHS T ROWE PRICE GROUP INC   2010-07-13 2011-09-23
60 SHS MERCADOLIBRE INC   2010-07-01 2011-09-27
90 SHS MERCADOLIBRE INC   2010-07-13 2011-09-27
70 SHS BAIDU INC ADR   2010-04-08 2011-09-29
25 SHS BAIDU INC ADR   2010-04-01 2011-09-29
10 SHS PRICELINE COM INC   2010-07-01 2011-09-29
55 SHS GREEN MOUNTAIN COFFEE INC   2010-07-01 2011-10-03
120 SHS OPENTABLE INC   2010-07-20 2011-10-03
15 SHS CHIPOTLE MEXICAN GRILL INC   2010-04-08 2011-10-06
20 SHS AMAZON.COM INC   2010-01-11 2011-10-19
5 SHS AMAZON.COM INC   2010-04-08 2011-10-19
85 SHS BE AEROSPACE INC   2010-09-22 2011-10-19
130 SHS BE AEROSPACE INC   2010-10-06 2011-10-19
120 SHS SXC HEALTH SOLUTIONS CORP   2010-04-08 2011-10-25
10 SHS SXC HEALTH SOLUTIONS CORP   2010-07-01 2011-10-25
50 SHS AMAZON.COM INC   2010-04-08 2011-10-27
25 SHS SALESFORCE COM INC   2010-07-01 2011-10-31
40 SHS STERICYCLE INC   2010-01-11 2011-10-31
50 SHS STERICYCLE INC   2010-01-11 2011-11-10
20 SHS STERICYCLE INC   2010-04-08 2011-11-10
205 SHS OPENTABLE INC   2010-07-20 2011-11-11
5 SHS AMAZON.COM INC   2010-04-08 2011-11-17
40 SHS AMAZON.COM INC   2010-07-01 2011-11-17
75 SHS ROVI CORPORATION   2010-07-01 2011-11-18
125 SHS ROVI CORPORATION   2010-07-30 2011-11-18
115 SHS ROVI CORPORATION   2010-09-28 2011-11-18
95 SHS ROVI CORPORATION   2010-10-29 2011-11-18
50 SHS SALESFORCE COM INC   2010-07-01 2011-11-18
700 SHS KOREA ELECTRIC POWER CORP   2009-12-31 2011-02-16
400 SHS WILLAMS COS INC.   2009-12-31 2011-02-17
700 SHS GENWORTH FINANCIAL INC   2009-12-31 2011-04-27
400 SHS XL GROUP PLC   2009-12-31 2011-04-27
500 SHS XL GROUP PLC   2010-04-08 2011-04-27
562.4 SHS CEMEX S.A.B DE C.C. ADR   2010-05-21 2011-07-20
2537.6 SHS CEMEX S.A.B DE C.C. ADR   2010-06-30 2011-07-20
200 SHS GENWORTH FINANCIAL INC   2009-12-31 2011-07-26
300 SHS GENWORTH FINANCIAL INC   2010-04-08 2011-07-26
1700 SHS GENWORTH FINANCIAL INC   2010-06-30 2011-07-26
1100 SHS XL GROUP PLC   2010-06-30 2011-07-28
500 SHS WESTERN UNION CO   2009-12-31 2011-08-02
700 SHS WESTERN UNION CO   2010-04-08 2011-08-02
900 SHS WESTERN UNION CO   2010-06-30 2011-08-02
600 SHS PHARMERICA CORP   2009-12-31 2011-08-23
1000 SHS PHARMERICA CORP   2010-06-30 2011-08-23
900 SHS DELTA AIR LINES INC   2009-12-31 2011-08-25
700 SHS DELTA AIR LINES INC   2010-05-07 2011-08-25
1600 SHS DELTA AIR LINES INC   2010-06-30 2011-08-25
SPDR GOLD TRUST   2010-01-01 2011-11-30
WASH SALES DISALLOWED   2010-01-01 2011-11-30
CAPITAL GAIN DIVIDENDS P    
(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 8,796   4,380 4,416
b 2,677   1,788 889
c 1,650   1,008 642
d 5,315   3,247 2,068
e 8,735   4,192 4,543
3,714   3,444 270
4,540   4,210 330
2,198   2,246 -48
6,594   6,739 -145
1,108   1,123 -15
16,615   16,848 -233
11,177   10,168 1,009
7,288   9,494 -2,206
3,784   3,304 480
7,569   6,609 960
2,066   967 1,099
4,822   2,257 2,565
1,314   816 498
3,941   2,448 1,493
2,627   1,632 995
9,219   11,070 -1,851
5,355   5,199 156
11,838   11,492 346
1,737   1,531 206
10,856   9,567 1,289
4,125   3,636 489
6,398   5,189 1,209
9,132   10,487 -1,355
3,532   3,534 -2
9,182   9,188 -6
2,211   1,024 1,187
5,729   3,225 2,504
2,862   2,127 735
9,491   7,054 2,437
5,004   3,212 1,792
4,913   2,321 2,592
2,340   1,092 1,248
3,509   1,639 1,870
6,344   4,828 1,516
1,880   1,431 449
9,560   10,483 -923
7,702   6,708 994
4,721   4,111 610
13,121   12,837 284
12   11 1
6,117   5,643 474
2,876   1,976 900
8,120   7,940 180
10,269   10,945 -676
5,540   5,904 -364
9,282   12,411 -3,129
4,161   5,564 -1,403
4,161   5,564 -1,403
7,031   7,404 -373
8,994   12,114 -3,120
1,199   1,615 -416
4,267   4,025 242
5,169   5,169  
7,831   11,997 -4,166
3,825   5,859 -2,034
9,288   14,229 -4,941
5,372   7,672 -2,300
5,937   8,480 -2,543
4,523   6,461 -1,938
5,964   7,762 -1,798
3,579   4,657 -1,078
9,675   10,880 -1,205
7,216   10,920 -3,704
4,626   4,962 -336
8,326   8,932 -606
9,328   11,080 -1,752
5,756   6,837 -1,081
5,178   5,671 -493
3,531   3,867 -336
1,940   1,997 -57
10,800   11,013 -213
9,180   9,361 -181
7,555   11,169 -3,614
7,000   5,546 1,454
6,368   7,459 -1,091
7,412   8,689 -1,277
5,642   5,966 -324
8,729   11,458 -2,729
931   1,212 -281
3,723   4,847 -1,124
6,785   7,999 -1,214
2,143   2,526 -383
12,631   10,160 2,471
7,579   6,096 1,483
10,105   8,128 1,977
7,705   8,439 -734
21,830   23,911 -2,081
14,871   10,209 4,662
35,691   24,500 11,191
9,071   10,055 -984
9,535   6,869 2,666
27,742   37,956 -10,214
28,633   37,081 -8,448
90,000   92,316 -2,316
300,000   304,325 -4,325
100,000   101,988 -1,988
30,000   30,624 -624
400,000   415,888 -15,888
35,000   35,773 -773
901   787 114
1,127   1,094 33
1,347   1,092 255
4,944   4,947 -3
7,684   4,941 2,743
11,055   5,119 5,936
2,309   1,482 827
4,699   3,576 1,123
6,474   4,860 1,614
11,680   4,936 6,744
7,840   7,702 138
3,973   1,877 2,096
1,324   626 698
7,503   4,395 3,108
4,734   3,867 867
3,236   2,224 1,012
7,542   3,774 3,768
3,481   1,742 1,739
12,890   9,530 3,360
7,130   2,048 5,082
3,327   956 2,371
6,570   2,503 4,067
4,204   1,229 2,975
5,181   4,850 331
1,524   1,427 97
3,657   3,424 233
10,551   8,707 1,844
3,048   3,351 -303
3,048   3,351 -303
3,166   2,285 881
2,436   1,758 678
13,094   9,386 3,708
9,076   4,095 4,981
13,191   10,871 2,320
9,673   9,299 374
2,319   3,105 -786
870   1,164 -294
596   776 -180
3,877   5,045 -1,168
5,672   6,997 -1,325
4,391   5,417 -1,026
3,766   4,125 -359
5,884   6,445 -561
3,325   3,424 -99
4,988   5,136 -148
7,862   4,065 3,797
2,808   1,452 1,356
4,716   2,048 2,668
4,798   1,502 3,296
5,156   5,383 -227
4,465   1,877 2,588
4,596   2,430 2,166
1,149   608 541
2,911   2,861 50
4,452   4,375 77
5,056   4,219 837
421   352 69
10,317   6,075 4,242
3,374   2,513 861
3,347   2,537 810
3,876   3,172 704
1,550   1,269 281
7,814   10,053 -2,239
1,017   608 409
8,134   4,860 3,274
2,093   3,246 -1,153
3,488   5,410 -1,922
3,209   4,977 -1,768
2,651   4,111 -1,460
5,616   5,026 590
8,989   9,846 -857
11,897   8,167 3,730
8,490   9,384 -894
9,535   6,869 2,666
11,919   8,587 3,332
4,329   5,335 -1,006
19,535   24,072 -4,537
1,669   2,681 -1,012
2,504   4,022 -1,518
14,188   22,789 -8,601
23,079   18,891 4,188
9,517   8,410 1,107
13,323   11,774 1,549
17,130   15,138 1,992
8,694   9,153 -459
14,490   15,255 -765
6,134   10,773 -4,639
4,771   8,379 -3,608
10,906   19,153 -8,247
157   0 157
1,757   0 1,757
      97,675
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       4,416
b       889
c       642
d       2,068
e       4,543
      270
      330
      -48
      -145
      -15
      -233
      1,009
      -2,206
      480
      960
      1,099
      2,565
      498
      1,493
      995
      -1,851
      156
      346
      206
      1,289
      489
      1,209
      -1,355
      -2
      -6
      1,187
      2,504
      735
      2,437
      1,792
      2,592
      1,248
      1,870
      1,516
      449
      -923
      994
      610
      284
      1
      474
      900
      180
      -676
      -364
      -3,129
      -1,403
      -1,403
      -373
      -3,120
      -416
      242
       
      -4,166
      -2,034
      -4,941
      -2,300
      -2,543
      -1,938
      -1,798
      -1,078
      -1,205
      -3,704
      -336
      -606
      -1,752
      -1,081
      -493
      -336
      -57
      -213
      -181
      -3,614
      1,454
      -1,091
      -1,277
      -324
      -2,729
      -281
      -1,124
      -1,214
      -383
      2,471
      1,483
      1,977
      -734
      -2,081
      4,662
      11,191
      -984
      2,666
      -10,214
      -8,448
      -2,316
      -4,325
      -1,988
      -624
      -15,888
      -773
      114
      33
      255
      -3
      2,743
      5,936
      827
      1,123
      1,614
      6,744
      138
      2,096
      698
      3,108
      867
      1,012
      3,768
      1,739
      3,360
      5,082
      2,371
      4,067
      2,975
      331
      97
      233
      1,844
      -303
      -303
      881
      678
      3,708
      4,981
      2,320
      374
      -786
      -294
      -180
      -1,168
      -1,325
      -1,026
      -359
      -561
      -99
      -148
      3,797
      1,356
      2,668
      3,296
      -227
      2,588
      2,166
      541
      50
      77
      837
      69
      4,242
      861
      810
      704
      281
      -2,239
      409
      3,274
      -1,153
      -1,922
      -1,768
      -1,460
      590
      -857
      3,730
      -894
      2,666
      3,332
      -1,006
      -4,537
      -1,012
      -1,518
      -8,601
      4,188
      1,107
      1,549
      1,992
      -459
      -765
      -4,639
      -3,608
      -8,247
      157
      1,757
       
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 2 158,265
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))
2009 34,067 15,014,313 0.002269
2008 0 9,850 0.0
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.002269
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 0.001135
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 15,892,201
5 Multiply line 4 by line 3....................... 5 18,038
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,104
7 Add lines 5 and 6......................... 7 25,142
8 Enter qualifying distributions from Part XII, line 4.............. 8 876,174
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 (2010)
Form 990-PF (2010)
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 7,104
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 7,104
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,104
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,296
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 8,704
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
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 2,896
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet2,896 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletWA
    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 2010 or the taxable year beginning in 2010 (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 ofbulletFOUNDATION MANAGEMENT GRP LLC Telephone no.bullet (206) 667-0300
    Located atbullet1000 2ND AVE 34 FLOORSEATTLEWA ZIP+4bullet98104
    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 2010, 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 (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    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 2010 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 2010.)....................
    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 2010?
    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 (2010)
    Form 990-PF (2010)
    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
    FRANCINE R LOEB PRESIDENT
    2.0     		0    
    1000 SECOND AVENUE FLOOR 34
    SEATTLE,WA981041022
    STEPHEN B LOEB TREASURER
    2.0     		0    
    1000 SECOND AVENUE FLOOR 34
    SEATTLE,WA981041022
    DONALD K LOEB VICE PRESIDENT
    2.0     		0    
    1000 SECOND AVENUE FLOOR 34
    SEATTLE,WA981041022
    RICHARD LOEB DIRECTOR
    2.0     		0    
    1000 SECOND AVENUE FLOOR 34
    SEATTLE,WA981041022
    DANIEL M ASHER SECRETARY
    2.0     		0    
    1000 SECOND AVENUE FLOOR 34
    SEATTLE,WA981041022
    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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    15,915,998
    b
    Average of monthly cash balances.......................
    1b
    216,843
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1,373
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,134,214
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    16,134,214
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    242,013
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,892,201
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    794,610
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    794,610
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    7,104
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,104
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    787,506
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    787,506
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    787,506
    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
    876,174
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    876,174
    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
    7,104
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    869,070
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 787,506
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 714,072
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 876,174
    a Applied to 2009, but not more than line 2a 714,072
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 162,102
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 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 ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		625,404
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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).)
    FRANCINE LOEB 15000000 CASH 20
    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 (2010)
    Form 990-PF (2010)
    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
    Glass Art Society
    6512 - 23rd Ave NW Suite 329
    Seattle,WA98117     		None Exempt To provide support for exempt organization 1,000
    Washington Business Week
    33305 - 1st Way South Suite B-212
    Federal Way,WA98003     		None Exempt To provide support for exempt organization 6,000
    Mercy Corps
    509 Fairview Ave N Suite 200
    Seattle,WA98109     		None Exempt To provide support for exempt organization 1,000
    Jewish Federation of Greater Seattle
    2031 Third Avenue
    Seattle,WA98121     		None Exempt To provide support for Annual Campaign 2011, Camp Scholarships and Sustainability 2012 240,000
    5th Avenue Theatre Association
    1308 - 5th Avenue
    Seattle,WA98101     		None Exempt To provide support for exempt organization 500
    City Club
    1333 Fifth Avenue Suite 24
    Seattle,WA98101     		None Exempt To provide support for exempt organization 500
    Special Olympics Washington
    2150 N 107th St Suite 220
    Seattle,WA98133     		None Exempt To provide support for exempt organization 1,000
    WA State Jewish Historical Society
    2031 Third Avenue
    Seattle,WA98121     		None Exempt To provide support for exempt organization 3,000
    WA State Holocaust Education Resource Ctr
    2031 Third Avenue
    Seattle,WA98121     		None Exempt To provide support for exempt organization 10,000
    Hillel at University of Washington
    4745 - 17th Avenue NE
    Seattle,WA98105     		None Exempt To provide support for exempt organization 20,000
    Stroum Jewish Community Center
    3801 East Mercer Way
    Mercer Island,WA98040     		None Exempt To provide support for exempt organization 10,000
    Seattle Jewish Community School
    12351 - 8th Avenue NE
    Seattle,WA98125     		None Exempt To provide support for exempt organization 15,000
    Seattle International Film Festival
    400 - 9th Avenue North
    Seattle,WA98109     		None Exempt To provide Capital support for exempt organization 15,000
    Jewish Day School of Metropolitan Seattle
    15749 NE 4th Street
    Bellevue,WA98008     		None Exempt To provide support for exempt organization 25,000
    ArtsFund
    10 Harrison Street Suite 200
    Seattle,WA98109     		None Exempt To provide support for exempt organization 2,500
    Temple de Hirsch Sinai
    1511 East Pike Street
    Seattle,WA98122     		None Exempt To provide support for exempt organization 30,000
    Seattle Symphony
    PO Box 21906
    Seattle,WA98111     		None Exempt To provide support for exempt organization 7,500
    City Year - SeattleKing County
    2203 - 23rd Avenue So Suite 101
    Seattle,WA98144     		None Exempt To provide support for exempt organization 36,000
    B'nai B'rith Men's Camp Association
    9400 SW Beaverton-Hillsdale Hwy Su
    Beaverton,OR97005     		None Exempt To provide support for exempt organization 37,000
    Museum of Glass
    1801 Dock Street
    Tacoma,WA984023217     		None Exempt To provide support for exempt organization 33,500
    Seattle Chapter Hadassah
    515 - 116th Ave NE 131
    Seattle,WA98004     		None Exempt To provide support for exempt organization 500
    Bellevue Art Museum
    510 Bellevue Way NE
    Bellevue,WA98004     		None Exempt To provide support for exempt organization 1,000
    Seattle Children's Hospital Foundation
    PO Box 50020/S-200
    Seattle,WA98145     		None Exempt To provide support for Emotional Health in the Schools 35,000
    Pomona College
    550 N College Avenue
    Claremont,CA91711     		None Exempt To provide support for Video Production Courses amd Summer Internships in the Arts 40,000
    Chicago Community Trust
    111 E Wacker Drive Suite 140
    Chicago,IL60601     		None Exempt To provide support for the Young Leader's Fund 750
    UW - Dept of Jewish Studies
    Box 353650
    Seattle,WA981953650     		None Exempt To provide support for exempt organization 1,000
    United Way of King County
    720 Second Avenue
    Seattle,WA98104     		None Exempt To provide support for exempt organization 30,000
    National Council of Jewish Women
    1501 - 17th Avenue Box 105
    Seattle,WA98122     		None Exempt To provide support for exempt organization 1,000
    Northwest Kidney Foundation
    PO Box 3035
    Seattle,WA98144     		None Exempt To provide support for exempt organization 1,000
    Planned Parenthood of the Great Northwest
    2001 East Madison Street
    Seattle,WA98122     		None Exempt To provide support for exempt organization 5,000
    Pilchuck Glass School
    430 Yale Avenue N
    Seattle,WA98109     		None Exempt To provide support for exempt organization 1,000
    Seattle Chamber Music Society
    10 Harrison Street Suite 306
    Seattle,WA98109     		None Exempt To provide support for exempt organization 1,000
    URJ Camp Kalsman
    3805 - 108th Ave NE Suite 100
    Bellevue,WA98004     		None Exempt To provide Capital support for exempt organization 100,000
    Cornish College of the Arts
    1000 Lenora Street 7th Floor
    Seattle,WA98121     		None Exempt To provide support for exempt organization 4,000
    The Children's Music Foundation
    608 State Street S
    Kirkland,WA98033     		None Exempt To provide support for exempt organization 5,000
    Cancer Lifeline
    6522 Fremont Avenue N
    Seattle,WA98103     		None Exempt To provide support for exempt organization 10,000
    Art With Heart
    PO Box 94402
    Seattle,WA98124     		None Exempt To provide support for exempt organization 5,000
    Junior Achievement of Washington
    1700 Westlake Ave N
    Seattle,WA98109     		None Exempt To provide support for exempt organization 5,000
    YouthCare
    2500 NE 54th Street
    Seattle,WA98105     		None Exempt To provide support for exempt organization 10,000
    Jewish Family Service
    1601 - 16th Avenue
    Seattle,WA98122     		None Exempt To provide support for exempt organization 55,000
    Seattle Academy of Arts & Sciences
    1201 East Union Street
    Seattle,WA98122     		None Exempt To provide support for exempt organization 10,000
    Valley School
    309 - 31st Avenue East
    Seattle,WA98112     		None Exempt To provide support for exempt organization 6,000
    Northwestern University - Kellogg School
    2001 Sheridan Road
    Evanston,IL60208     		None Exempt To provide support for exempt organization 10,000
    American Jewish Committee
    1402 Third Avenue Suite 405
    Seattle,WA98101     		None Exempt To provide support for exempt organization 1,500
    Univ of WA - Foster School of Business
    Box 353200
    Seattle,WA981953200     		None Exempt To provide support for exempt organization 2,000
    KCTS 9
    401 Mercer St
    Seattle,WA98109     		None Exempt To provide support for exempt organization 2,500
    Nature Conservancy
    1917 - 1st Avenue
    Seattle,WA98101     		None Exempt To provide support for exempt organization 1,000
    Pratt Fine Arts Center
    1902 S Main St
    Seattle,WA981442206     		None Exempt To provide support for exempt organization 500
    Hope for Heroism
    270 S Hanford St Suite 207
    Seattle,WA98134     		None Exempt To provide support for exempt organization 10,000
    Total .................................bullet 3a 849,250
    bApproved for future payment
    B'nai B'rith Men's Camp Association
    9400 SW Beaverton-Hillsdale Hwy Su
    Beaverton,OR97005     		NONE EXEMPT To provide support for exempt organization 25,000
    Union for Reform Judaism Camp Kalsman
    3805 - 108th Ave NE Suite 100
    BELLEVUE,WA98004     		NONE EXEMPT To provide support for exempt organization 400,000
    Pomona College
    550 N College Avenue
    CLAREMONT,CA91711     		NONE EXEMPT To provide support for exempt organization 90,000
    Jewish Federation of Greater Seattle
    2031 Third Avenue
    SEATTLE,WA98121     		NONE EXEMPT To provide support for exempt organization 150,000
    Temple de Hirsch Sinai
    1511 East Pike Street
    SEATTLE,WA98122     		NONE EXEMPT To provide support for exempt organization 32,500
    Total ..................................bullet 3b 697,500
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 20,455  
    4 Dividends and interest from securities....     14 606,426  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 158,265  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aOTHER INCOME FROM K-1S 900099 -430 14 -4,831  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -430 780,315  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13779,885
    (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 (2010)
    Form 990-PF (2010)
    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 (2010)
    Additional Data


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    Special Condition Description

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    TY 2010 DepreciationSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME FDS - WELLS FARGO 6,336,115 6,336,115

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS - WELLS FARGO 551,457 551,457
    EQUITIES & EQUITY FUNDS - WF 4,467,798 4,467,798

    TY 2010 InvestmentsOtherSchedule2
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HEDGE FUND: COMMON SENSE OFFSH   1,099,892 1,099,892
    HEDGE FUND: PORTHOS PARTNERS   1,076,121 1,076,121
    HEDGE FUND: WEATHERLOW OFFSHOR   1,139,705 1,139,705
    PRIVATE MARKETS: PAPEF   174,882 174,882

    TY 2010 LandEtcSchedule2
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 LegalFeesSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL AND PROFESSIONAL 255 0 0 0


    TY 2010 OtherAssetsSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    START-UP COSTS 1,585 1,585 1,585
    LESS: ACCUMULATED AMORTIZATION -106 -211 -211


    TY 2010 OtherDecreasesSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Description Amount
    UNREALIZED LOSS 653,348


    TY 2010 OtherExpensesSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING/LICENSE EXPENSE 33 0    
    AMORTIZATION EXPENSE 106 0    
    DUES AND SUBSCRIPTIONS 600 0    
    BANK CHARGES 20 0    
    RENTAL LOSS FROM K-1S 40 40    
    OTHER PORTFOLIO DEDUCTIONS 19,659 19,659    


    TY 2010 OtherIncomeSchedule2
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM K-1S 5,045 5,045  
    SECTION 1256 LOSS -10,306 -10,306  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION FEES 20,000 4,000 0 16,000
    BROKER & COMMISSION EXPENSE 30,525 30,525 0 0
    CONSULTING FEES 10,924 0 0 10,924


    TY 2010 TaxesSchedule
    Name:
    LOEB CHARITABLE FOUNDATION
    EIN: 27-1318376
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,864 1,864    
    CURRENT FEDERAL EXCISE TAX 7,104 0