TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
KOEPLIN FAMILY FOUNDATION

% FOUNDATION MANAGEMENT GROUP

Number and street (or P.O. box number if mail is not delivered to street address)1000 SECOND AVENUE 34th floor Room/suite

City or town, state, and ZIP code
SEATTLE, WA981041022

A Employer identification number

41-1268766

B Telephone number (see page 10 of the instructions)

(206) 667-0300

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,934,830J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	71,281		71,281
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		46,280
b	Gross sales price for all assets on line 6a 653,190
7	Capital gain net income (from Part IV, line 2)...			37,759
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).......		-35,644	-197
12	Total. Add lines 1 through 11........	81,917		108,843
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		12,000	2,400	9,000
17	Interest...............	4
18	Taxes (attach schedule) (see page 14 of the instructions)		1,359	372
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,582	7,542
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	20,945		10,314	9,000
25	Contributions, gifts, grants paid........	300,000			150,009
26	Total expenses and disbursements. Add lines 24 and 25	320,945		10,314	159,009
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-239,028
b	Net investment income (if negative, enter -0-)			98,529
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	360,132	105,395	105,395
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	77,118	77,118
	b	Investments—corporate stock (attach schedule)........	874,175	1,027,444	1,027,444
	c	Investments—corporate bonds (attach schedule)........	815,971	712,993	712,993
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	10,738	11,880	11,880
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,061,016	1,934,830	1,934,830
	17	Accounts payable and accrued expenses..........	864	0
	18	Grants payable...................	350,000	500,000
	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 )
	23	Total liabilities (add lines 17 through 22)..........	350,864	500,000
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	1,710,152	1,434,830
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	1,710,152	1,434,830
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,061,016	1,934,830

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	1,710,152
2	Enter amount from Part I, line 27a.....................	2	-239,028
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,471,124
5	Decreases not included in line 2 (itemize)	5	36,294
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,434,830

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	51 SH IVANHOE MINES RTS 1/26/11	2011-01-04	2011-01-10
b	11 SH INVESCO LTD	2011-01-18	2011-07-01
c	20 SH IVANHOE MINES LTD	2011-02-09	2011-11-09
d	70 SH ATHEROS COMMUNICATIONS INC	2010-09-24	2011-01-13
e	55 SH ARM HOLDINGS PLC	2010-06-11	2011-03-31
	90 SH ARM HOLDINGS PLC	2010-06-11	2011-05-04
	90 SH NETSCOUT SYSTEMS INC	2011-01-14	2011-06-09
	45 SH KENNAMETAL INC	2010-12-10	2011-08-18
	35 SH COHERENT INC	2011-03-21	2011-08-29
	10 SH COHERENT INC	2011-04-15	2011-08-29
	25 SH ULTA SALON COS. & FRAGRANCE INC	2011-01-14	2011-09-15
	25 SH GOODRICH CORPORATION	2011-06-22	2011-09-29
	18 SH ARCELORMITTAL NY REG	2010-08-02	2011-01-27
	35 SH ASAHI KAISEI CORP	2010-11-24	2011-02-04
	19 SH FUJITSU LTD	2010-03-16	2011-02-02
	5 SH FUJITSU LTD	2010-04-30	2011-02-02
	12 SH ROYAL DUTCH SHELL PLC	2010-11-01	2011-02-10
	12 SH SONY CORP ADR 1974	2010-10-29	2011-02-07
	80 SH GRAN TIERRA ENERGY INC	2010-11-16	2011-03-23
	13 SH TEVA PHARMACEUTICALS	2010-06-21	2011-03-16
	29 SH CHINA INFORMAT TECHNOLOGY INC	2010-05-05	2011-04-13
	24 SH ELDORADO GOLD CP LTD	2010-06-22	2011-05-17
	SH KONINKLIJKE PHIL EL SP (CIL)	2011-02-04	2011-05-04
	21 SH KONINKLIJKE PHIL EL SP	2011-02-04	2011-05-23
	7 SH KONINKLIJKE PHIL EL SP	2011-03-01	2011-05-23
	28 SH SOUFUN HOLDINGS LTD	2011-01-26	2011-05-13
	12 SH TECK RESOURCES LTD	2010-12-02	2011-06-17
	52 SH TNT EXPRESS NV	2011-06-01	2011-07-14
	11 SH BHP BILLITON LTD	2011-05-11	2011-08-31
	26 SH VALEO SPONSORED ADR	2010-10-22	2011-09-08
	19 SH FORTESCUE METALS GROUP LTD	2011-01-24	2011-10-24
	7 SH FORTESCUE METALS GROUP LTD	2011-05-12	2011-10-24
	44 SH MICHELIN COMPAGNIE GENERALE	2010-12-08	2011-10-06
	14 SH PRECISION DRILLING COR	2011-06-24	2011-10-28
	7 SH NETAPP INC	2010-07-01	2011-01-26
	8 SH JOHNSON & JOHNSON	2010-07-20	2011-03-10
	8 SH PROCTER & GAMBLE	2010-07-20	2011-02-25
	4 SH PROCTER & GAMBLE	2010-07-20	2011-03-03
	20 SH SOUTHWESTERN ENERGY COMPANY	2010-04-05	2011-03-21
	10 SH MERCK & CO INC	2010-07-20	2011-04-18
	20 SH AMERICAN EXPRESS CO	2011-02-07	2011-05-17
	9 SH AMERICAN EXPRESS CO	2011-03-25	2011-05-17
	5 SH AMERICAN EXPRESS CO	2011-04-06	2011-05-17
	10 SH AMGEN INC	2010-06-02	2011-05-17
	6 SH AMGEN INC	2010-12-20	2011-05-17
	15 SH AMPHENOL CORP	2011-03-16	2011-05-17
	6 SH AMPHENOL CORP	2011-04-14	2011-05-17
	15 SH AVON PRODUCTS INC	2010-11-02	2011-05-17
	8 SH BED BATH & BEYOND INC	2010-06-30	2011-05-17
	26 SH CISCO SYS INC	2010-09-27	2011-05-17
	11 SH DEVON ENERGY CORP	2011-03-21	2011-05-17
	15 SH EMERSON ELECTRIC CO	2011-04-25	2011-05-17
	1 SH EQUINIX INC	2010-05-19	2011-05-17
	3 SH EQUINIX INC	2010-06-09	2011-05-17
	4 SH INTUIT INC	2011-05-17	2011-05-18
	27 SH JOHNSON & JOHNSON	2010-07-20	2011-05-17
	3 SH LOWES COMPANIES INC	2010-06-21	2011-05-17
	13 SH LOWES COMPANIES INC	2010-10-06	2011-05-17
	3 SH LOWES COMPANIES INC	2011-03-03	2011-05-17
	1 SH MASTERCARD INC. CL A	2010-05-28	2011-05-17
	2 SH MASTERCARD INC. CL A	2010-08-02	2011-05-17
	1 SH MASTERCARD INC. CL A	2011-01-14	2011-05-17
	13 SH MERCK & CO INC	2010-07-20	2011-05-17
	3 SH MICROSOFT CORP	2010-08-02	2011-05-17
	2 SH MORGAN STANLEY	2010-12-17	2011-05-17
	13 SH NETAPP INC	2010-07-01	2011-05-17
	18 SH NIVIDIA CORPORATION	2011-02-18	2011-05-17
	1 SH PRAXAIR INC	2011-02-07	2011-05-17
	5 SH PRAXAIR INC	2011-02-23	2011-05-17
	14 SH PROCTER & GAMBLE	2010-07-20	2011-05-17
	23 SH RAYTHEON CO	2011-04-06	2011-05-17
	2 SH SOUTHWESTERN ENERGY COMPANY	2010-06-02	2011-05-17
	17 SH SOUTHWESTERN ENERGY COMPANY	2010-08-20	2011-05-17
	3 SH ST JUDE MEDICAL INC	2010-06-30	2011-05-17
	8 SH ST JUDE MEDICAL INC	2010-12-03	2011-05-17
	3 SH ST JUDE MEDICAL INC	2011-02-16	2011-05-17
	6 SH STAPLES INC	2010-08-03	2011-05-17
	12 SH STAPLES INC	2010-10-07	2011-05-17
	19 SH STAPLES INC	2010-10-27	2011-05-17
	9 SH STAPLES INC	2011-03-03	2011-05-17
	7 SH TEVA PHARMACEUTICALS	2010-12-10	2011-05-17
	3 SH THERMO FISHER SCIENTIFIC INC	2010-08-02	2011-05-17
	3 SH THERMO FISHER SCIENTIFIC INC	2010-08-04	2011-05-17
	2 SH THERMO FISHER SCIENTIFIC INC	2010-08-04	2011-05-17
	5 SH THERMO FISHER SCIENTIFIC INC	2010-08-12	2011-05-17
	4 SH THERMO FISHER SCIENTIFIC INC	2011-01-31	2011-05-17
	14 SH URBAN OUTFITTERS INC	2011-04-29	2011-05-17
	6 SH VIACOM INC CLASS B	2010-07-30	2011-05-17
	12 SH XILINX INC	2010-10-21	2011-05-17
	6 SH DOLLAR GEN CORP	2011-05-17	2011-06-01
	20 SH DOLLAR GEN CORP	2011-05-17	2011-06-03
	29 SH FORD MOTOR CO	2011-05-17	2011-06-24
	6 SH JP MORGAN CHASE & CO	2011-05-17	2011-06-08
	4 SH JP MORGAN CHASE & CO	2011-05-17	2011-06-24
	6 SH JUNIPER NETWORKS	2011-05-17	2011-06-02
	13 SH JUNIPER NETWORKS	2011-05-17	2011-06-07
	37 SH MYLAN INC	2011-05-17	2011-05-26
	3 SH SHIRE PLC	2011-05-17	2011-06-03
	2 SH YUM BRANDS INC	2011-05-17	2011-06-21
	12 SH EXPRESS SCRIPTS INC	2011-05-17	2011-07-21
	33 SH FORD MOTOR CO	2011-05-17	2011-07-26
	7 SH ILL TOOL WORKS INC	2011-05-17	2011-07-26
	5 SH TEXAS INSTRUMENTS	2011-05-17	2011-07-13
	6 SH TEXAS INSTRUMENTS	2011-05-17	2011-07-19
	5 SH VMWARE INC CLASS A	2011-05-17	2011-07-07
	8 SH AUTODESK INC DELAWARE	2011-05-17	2011-08-18
	22 SH AUTODESK INC DELAWARE	2011-05-17	2011-08-22
	1 SH CERNER CORP	2011-05-17	2011-07-27
	5 SH FREEPORT MCMORAN CP GLD	2011-06-07	2011-08-05
	4 SH FREEPORT MCMORAN CP GLD	2011-06-07	2011-08-08
	3 SH FREEPORT MCMORAN CP GLD	2011-06-09	2011-08-08
	1 SH FREEPORT MCMORAN CP GLD	2011-06-10	2011-08-08
	5 SH FREEPORT MCMORAN CP GLD	2011-06-10	2011-08-09
	2 SH GREEN MOUNTAIN COFFEE INC	2011-05-17	2011-08-18
	8 SH SCRIPPS NETWORKS INTERAC CL A	2011-05-17	2011-08-18
	5 SH TEXAS INSTRUMENTS	2011-05-17	2011-08-03
	15 SH TEXAS INSTRUMENTS	2011-05-17	2011-08-05
	3 SH TEXAS INSTRUMENTS	2011-05-31	2011-08-05
	5 SH WALT DISNEY CO HLDG CO	2011-05-17	2011-08-03
	4 SH WALT DISNEY CO HLDG CO	2011-05-17	2011-08-03
	24 SH WALT DISNEY CO HLDG CO	2011-05-17	2011-08-10
	5 SH ALTERA CORP	2011-05-17	2011-09-06
	8 SH ALTERA CORP	2011-05-17	2011-09-07
	3 SH CLIFFS NATURAL RESOURCES INC	2011-05-17	2011-09-21
	13 SH EXPRESS SCRIPTS INC	2011-05-17	2011-09-14
	5 SH EXPRESS SCRIPTS INC	2011-05-17	2011-09-15
	4 SH GOODRICH CORPORATION	2011-05-17	2011-09-19
	2 SH GOODRICH CORPORATION	2011-05-17	2011-09-20
	2 SH GREEN MOUNTAIN COFFEE INC	2011-05-17	2011-09-13
	3 SH IL TOOL WORKS INC	2011-05-17	2011-08-31
	1 SH NETFLIX INC	2011-05-31	2011-09-20
	1 SH NETFLIX INC	2011-08-15	2011-09-20
	1 SH NETFLIX INC	2011-08-22	2011-09-20
	2 SH O'REILLY AUTOMOTIVE INC	2011-05-17	2011-09-13
	4 SH VISA INC CL A	2011-05-17	2011-09-16
	2 SH WALTER ENERGY INC	2011-05-17	2011-09-06
	5 SH WALTER ENERGY INC	2011-05-17	2011-09-21
	1 SH AMAZON.COM INC	2011-05-17	2011-10-26
	2 SH AMAZON.COM INC	2011-05-17	2011-10-31
	4 SH CERNER CORP	2011-05-17	2011-10-03
	5 SH GOODRICH CORPORATION	2011-05-17	2011-10-03
	3 SH GOODRICH CORPORATION	2011-05-17	2011-10-04
	4 SH GREEN MOUNTAIN COFFEE INC	2011-05-17	2011-10-31
	3 SH O'REILLY AUTOMOTIVE INC	2011-05-17	2011-10-27
	4 SH SCRIPPS NETWORKS INTERAC CL A	2011-05-17	2011-10-04
	6 SH SCRIPPS NETWORKS INTERAC CL A	2011-05-17	2011-10-11
	4 SH ABERCROMBIE & FITCH CO	2011-08-11	2011-11-16
	1 SH ABERCROMBIE & FITCH CO	2011-08-11	2011-11-16
	2 SH ABERCROMBIE & FITCH CO	2011-08-16	2011-11-16
	6 SH GREEN MOUNTAIN COFFEE INC	2011-05-17	2011-11-10
	2 SH PEABODY ENERGY CORP	2011-08-25	2011-11-11
	4 SH PEABODY ENERGY CORP	2011-08-25	2011-11-14
	8 SH FMC TECHNOLOGIES INC	2011-05-17	2011-12-06
	2 SH PERRIGO CO	2011-05-17	2011-12-22
	2 SH PERRIGO CO	2011-05-17	2011-12-27
	3 SH RANGE RESOURCES CORP	2011-09-27	2011-12-12
	3 SH RANGE RESOURCES CORP	2011-09-27	2011-12-13
	0.227 SH GENERAL MOTORS CO WTS 071016	2002-11-15	2011-04-21
	0.04 SH GENERAL MOTORS CO WTS 071016	2004-06-01	2011-04-21
	0.227 SH GENERAL MOTORS CO WTS 071019	2002-11-15	2011-04-21
	0.04 SH GENERAL MOTORS CO WTS 071019	2004-06-01	2011-04-21
	0.95 SH GENERAL MOTORS CO	2002-11-15	2011-04-21
	0.244 SH GENERAL MOTORS CO	2004-06-01	2011-04-21
	100000 SH AURORA BANK CD	2002-11-15	2011-06-06
	100000 SH M & I MARSHALL CD	2009-06-12	2011-06-27
	100000 SH SALLIE MAE BANK	2009-06-12	2011-06-20
	50000 SH HOUSEHOLD FINANCE 6.65%, DUE 7/15/11	2002-11-18	2011-07-15
	GENERAL MOTORS CO WTS 071016 (CIL)	2002-11-15	2011-07-28
	GENERAL MOTORS CO WTS 071019 (CIL)	2002-11-15	2011-07-28
	GENERAL MOTORS CO (CIL)	2002-11-15	2011-07-28
	40000 SH BANK OF AMERICA	2002-12-30	2011-09-15
	GENERAL MOTORS CO WTS 071016 (CIL)	2002-11-15	2011-10-28
	GENERAL MOTORS CO WTS 071019 (CIL)	2002-11-15	2011-10-28
	GENERAL MOTORS CO (CIL)	2002-11-15	2011-10-28
	100 SH CHIMERA INVESTMENT CORP	2009-05-28	2011-01-18
	5 SH TIME WARNER CABLE INC	2007-07-25	2011-01-14
	26 SH ALLSTATE CORP	2009-03-27	2011-02-09
	17 SH AMEREN CORP	2007-07-25	2011-02-07
	9 SH CON EDISON INC	2008-05-15	2011-02-11
	34 SH MFA FINANCIAL INC	2009-09-02	2011-02-07
	32 SH DREAMWORKS ANIMATION SKG INC	2007-07-25	2011-02-28
	8 SH TIME WARNER CABLE INC	2007-07-25	2011-03-18
	14 SH ALLSTATE CORP	2009-03-27	2011-04-15
	17 SH COVIDIEN PLC	2007-10-11	2011-03-30
	2.667 SH TIME WARNER CABLE INC	2007-07-25	2011-03-29
	5.333 SH TIME WARNER CABLE INC	2008-05-21	2011-03-29
	6 SH TIME WARNER CABLE INC	2010-02-22	2011-03-29
	9 SH ALLSTATE CORP	2009-03-27	2011-05-06
	6 SH ALLSTATE CORP	2009-05-08	2011-05-06
	3 SH ALLSTATE CORP	2009-06-02	2011-05-06
	32 SH GENZYME WAIVER	2007-07-25	2011-05-05
	GENZYME WAIVER	2007-07-25	2011-05-05
	6 SH GENZYME WAIVER	2010-03-23	2011-05-05
	GENZYME WAIVER	2010-03-23	2011-05-05
	24 SH HEALTH CARE REIT INC	2007-07-25	2011-05-24
	18 SH MILLICOM INTL CELLULAR SA	2007-07-25	2011-05-25
	17 SH AON CORP	2007-07-25	2011-06-09
	AMC NETWORKS INC CL A (CIL)	2007-07-25	2011-06-30
	13 SH AMC NETWORKS INC CL A	2007-07-25	2011-07-13
	2 SH AMC NETWORKS INC CL A	2008-10-16	2011-07-13
	7 SH CLOROX CO DE	2009-11-03	2011-07-20
	10 SH ALLSTATE CORP	2009-06-02	2011-08-05
	20 SH ALLSTATE CORP	2009-06-12	2011-08-05
	19 SH COVIDIEN PLC	2007-10-11	2011-08-11
	27 SH WEATHERFORD INTERNATIONAL LTD	2010-04-29	2011-08-11
	30 SH MCGRAW HILL CO INC	2010-05-19	2011-09-23
	53 SH MFA FINANCIAL INC	2009-09-02	2011-09-13
	17 SH MCGRAW HILL CO INC	2010-06-04	2011-10-26
	14 SH MCGRAW HILL CO INC	2010-07-06	2011-10-26
	14 SH MFA FINANCIAL INC	2009-09-02	2011-10-25
	54 SH MFA FINANCIAL INC	2009-09-25	2011-10-25
	63 SH MFA FINANCIAL INC	2009-11-20	2011-10-25
	61 SH ACTIVISION BLIZZARD INC	2010-07-16	2011-11-28
	107 SH CHIMERA INVESTMENT CORP	2009-05-28	2011-11-21
	111 SH CHIMERA INVESTMENT CORP	2009-06-05	2011-11-21
	145 SH CHIMERA INVESTMENT CORP	2010-04-07	2011-11-21
	51 SH IVANHOE MINES LTD	2007-07-25	2011-11-09
	35 SH DARDEN RESTAURANTS	2009-05-06	2011-01-13
	75 SH JUNIPER NETWORKS	2009-04-14	2011-01-13
	15 SH FLOWSERVE CORP	2009-08-27	2011-01-27
	25 SH NOBLE ENERGY INC	2007-12-28	2011-01-27
	25 SH QUALITY SYSTEMS	2008-11-11	2011-02-17
	60 SH AVNET INC	2010-02-11	2011-03-18
	35 SH CANADIAN PACIFIC RAILWAY LTD	2007-12-28	2011-03-23
	45 SH INFORMATICA CORP	2009-02-25	2011-04-15
	15 SH INTERCONTINENTAL EXCHAGE INC.	2007-12-28	2011-04-13
	30 SH CITRIX SYSTEMS INC	2007-12-28	2011-05-04
	5 SH CITRIX SYSTEMS INC	2008-06-26	2011-05-04
	4 SH INTUITIVE SURGICAL INC	2007-12-28	2011-05-04
	45 SH STIFEL FINANCIAL CORPORATION	2010-03-17	2011-06-08
	35 SH ALLEGHENY TECH INC	2010-01-21	2011-08-26
	10 SH PERRIGO CO	2008-11-25	2011-08-23
	40 SH SCRIPPS NETWORKS INTERAC CL A	2010-09-27	2011-10-07
	8 SH V F CORPORATION	2007-12-28	2011-11-30
	3 SH KDDI CORP	2009-06-23	2011-01-18
	4 SH SMITH & NEPHEW PLC	2009-01-15	2011-01-11
	3 SH SMITH & NEPHEW PLC	2009-03-02	2011-01-11
	59 SH ALCATEL-LUCENT ADS	2009-09-09	2011-02-18
	5 SH BEIJING ENTERPRISES H SP ADR	2010-01-27	2011-02-07
	10 SH NESTLE SPONSORED ADR	2008-06-04	2011-02-15
	14 SH UNILEVER NV NY	2008-06-19	2011-02-15
	6 SH UNILEVER NV NY	2008-08-27	2011-02-15
	65 SH ALCATEL-LUCENT	2009-09-09	2011-03-03
	1 SH HSBC HOLDINGS PLC	2009-05-01	2011-03-01
	3 SH HSBC HOLDINGS PLC	2009-06-11	2011-03-01
	4 SH HSBC HOLDINGS PLC	2009-07-20	2011-03-01
	7 SH HSBC HOLDINGS PLC	2009-08-17	2011-03-01
	1 SH NOVO NORDISK A/S	2008-06-04	2011-03-23
	2 SH NOVO NORDISK A/S	2008-10-15	2011-03-23
	4 SH SMITH & NEPHEW PLC	2009-03-02	2011-03-18
	9 SH SMITH & NEPHEW PLC	2009-03-25	2011-03-18
	2 SH SMITH & NEPHEW PLC	2009-04-03	2011-03-18
	16 SH SWEDBANK AB	2009-08-21	2011-03-24
	35 SH SWEDBANK AB	2009-11-10	2011-03-24
	TNT N.V. (CIL)	2008-06-04	2011-03-18
	111 SH CHINA INFORMAT TECHNOLOGY INC	2010-04-06	2011-04-13
	2 SH CNOOC LTD	2008-12-01	2011-04-26
	9 SH SILVER WHEATON CORP	2010-01-12	2011-04-14
	22 SH ANTOFAGOSTA HLDGS PLC	2009-08-27	2011-05-06
	1 SH CNOOC LTD	2008-12-01	2011-05-20
	3 SH CNOOC LTD	2010-03-22	2011-05-20
	1 SH CNOOC LTD	2010-04-29	2011-05-20
	23 SH ELDORADO GOLD CP LTD	2010-03-15	2011-05-17
	21 SH SILVER WHEATON CORP	2010-01-12	2011-05-12
	17 SH SOCIEDAD QUIMICA Y MINERA	2008-08-21	2011-05-20
	20 SH CANADIAN NATURAL RESOURCES LTD	2010-04-29	2011-06-17
	26 SH EXPERIAN GP LTD	2008-06-04	2011-05-26
	44 SH POSTNL N.V.	2008-06-04	2011-06-24
	8 SH POSTNL N.V.	2009-01-08	2011-06-24
	5 SH SIEMENS AKTIENGESELLSCHAFT	2008-07-29	2011-06-27
	3 SH SIEMENS AKTIENGESELLSCHAFT	2008-09-09	2011-06-27
	1 SH SIEMENS AKTIENGESELLSCHAFT	2008-11-26	2011-06-27
	4 SH SIEMENS AKTIENGESELLSCHAFT	2009-04-30	2011-06-27
	2 SH BG GROUP PLC	2010-01-25	2011-07-12
	9 SH BNP PARIBAS SP	2010-04-29	2011-07-21
	7 SH CENOVUS ENERGY INC COM	2010-04-27	2011-07-12
	119 SH DEUTSCHE BOERSE AG	2009-02-17	2011-07-12
	43 SH DEUTSCHE BOERSE AG	2009-02-26	2011-07-12
	43 SH DEUTSCHE BOERSE AG	2009-03-09	2011-07-12
	27 SH DEUTSCHE BOERSE AG	2010-01-25	2011-07-12
	13 SH BANCO SANTANDER BRASIL SA ADS	2009-12-11	2011-07-28
	22 SH BANCO SANTANDER BRASIL SA ADS	2010-02-09	2011-07-28
	18 SH BANCO SANTANDER BRASIL SA ADS	2010-03-22	2011-07-28
	14 SH BANCO SANTANDER BRASIL SA ADS	2010-04-27	2011-07-28
	59 SH BANK OF CHINA	2010-02-02	2011-09-27
	17 SH BANK OF CHINA	2010-03-02	2011-09-27
	2 SH BNO PARIBAS SP	2010-04-29	2011-09-20
	25 SH BNO PARIBAS SP	2010-07-22	2011-09-20
	13 SH CENOVUS ENERGY INC COM	2010-04-27	2011-10-31
	8 SH BASF SE SP ADR	2009-02-23	2011-11-07
	18 SH MAKITA CORPORATION LTD	2010-05-06	2011-11-11
	7 SH MAKITA CORPORATION LTD	2010-05-19	2011-11-11
	6 SH BAXTER INTL INC	2009-07-31	2011-01-25
	9 SH HALLIBURTON CO	2009-08-12	2010-12-29
	11 SH HALLIBURTON CO	2009-08-12	2011-01-25
	20 SH KRAFT FOODS INC CL A	2009-08-12	2011-01-06
	7 SH BAXTER INT'L INC	2009-07-31	2011-02-08
	2 SH BAXTER INT'L INC	2009-08-12	2011-02-08
	8 SH CISCO SYS INC	2009-07-16	2011-02-11
	28 SH CISCO SYS INC	2009-07-21	2011-02-11
	18 SH CISCO SYS INC	2009-08-12	2011-02-11
	1 SH CME GROUP INC	2009-08-12	2011-02-15
	7 SH VISA INC CL A	2009-08-12	2011-02-07
	2 SH VISA INC CL A	2010-01-20	2011-02-07
	5 SH BROADCOM CORP CL A	2009-09-25	2011-02-24
	5 SH BROADCOM CORP CL A	2009-10-23	2011-02-24
	4 SH BROADCOM CORP CL A	2009-10-23	2011-03-11
	7 SH BROADCOM CORP CL A	2010-01-20	2011-03-11
	2 SH MASTERCARD INC CL A	2010-02-08	2011-03-24
	44 SH PEOPLE'S UNITED FINANCIAL INC.	2009-08-11	2011-03-25
	7 SH TARGET CORPORATION	2009-08-12	2011-03-18
	7 SH BAXTER INT'L INC	2009-08-12	2011-04-11
	5 SH BIOGEN IDEC INC	2009-12-17	2011-04-21
	4 SH BIOGEN IDEC INC	2010-01-20	2011-04-21
	6 SH PEPSICO INC	2009-08-12	2011-04-06
	10 SH ST. JUDE MEDICAL INC	2009-08-12	2011-04-14
	25 SH AMERICAN TOWER CORP CLASS A	2009-08-12	2011-05-17
	1 SH APPLE INC	2009-08-12	2011-05-17
	28 SH AVON PRODUCTS INC	2009-08-12	2011-05-17
	15 SH AVON PRODUCTS INC	2010-04-13	2011-05-17
	1 SH BAXTER INT'L INC	2009-08-12	2011-05-17
	4 SH BAXTER INT'L INC	2009-12-02	2011-05-17
	4 SH BAXTER INT'L INC	2009-12-09	2011-05-17
	7 SH BAXTER INT'L INC	2010-01-20	2011-05-17
	18 SH BED BATH & BEYOND INC	2010-04-26	2011-05-17
	16 SH CHARLES SCHWAB	2009-08-12	2011-05-17
	44 SH CISCO SYS INC	2009-08-12	2011-05-17
	8 SH CISCO SYS INC	2010-01-20	2011-05-17
	3 SH CME GROUP INC	2009-08-12	2011-05-17
	26 SH COSTCO WHOLESALE CORP	2009-08-12	2011-05-17
	44 SH CROWN CASTLE INTL	2009-08-12	2011-05-17
	4 SH ECOLAB INC	2010-02-10	2011-05-17
	1 SH EQUINIX INC	2010-05-04	2011-05-17
	3 SH EQUINIX INC	2010-05-06	2011-05-17
	12 SH GILEAD SCIENCE	2009-08-12	2011-05-17
	10 SH GILEAD SCIENCE	2009-10-28	2011-05-17
	4 SH GILEAD SCIENCE	2010-01-20	2011-05-17
	2 SH GOOGLE INC - CL A	2009-08-12	2011-05-17
	4 SH HALLIBURTON CO	2009-08-12	2011-05-17
	10 SH HALLIBURTON CO	2009-12-08	2011-05-17
	55 SH LOWES COMPANIES INC	2009-08-12	2011-05-17
	22 SH LOWES COMPANIES INC	2009-09-25	2011-05-17
	8 SH LOWES COMPANIES INC	2010-01-20	2011-05-17
	1 SH MASTERCARD INC CL A	2010-02-08	2011-05-17
	2 SH MASTERCARD INC CL A	2010-05-13	2011-05-17
	8 SH MCDONALDS CORP	2008-06-03	2011-05-17
	6 SH MCDONALDS CORP	2009-11-13	2011-05-17
	77 SH MICROSOFT CORPORATION	2009-08-12	2011-05-17
	12 SH MICROSOFT CORPORATION	2010-01-20	2011-05-17
	38 SH MORGAN STANLEY	2009-08-12	2011-05-17
	12 SH NIKE INC B	2009-10-22	2011-05-17
	3 SH NIKE INC B	2009-11-16	2011-05-17
	6 SH NIKE INC B	2010-01-04	2011-05-17
	3 SH NIKE INC B	2010-01-20	2011-05-17
	15 SH NORTHERN TRUST CORP	2009-10-22	2011-05-17
	8 SH NORTHERN TRUST CORP	2009-10-30	2011-05-17
	4 SH NORTHERN TRUST CORP	2010-01-06	2011-05-17
	10 SH ORACLE CORP	2009-08-12	2011-05-17
	26 SH PEPSICO INC	2009-08-12	2011-05-17
	5 SH PEPSICO INC	2009-10-06	2011-05-17
	6 SH PEPSICO INC	2009-10-15	2011-05-17
	5 SH PEPSICO INC	2009-11-25	2011-05-17
	6 SH PEPSICO INC	2010-01-20	2011-05-17
	15 SH PRAXAIR INC	2009-08-12	2011-05-17
	26 SH QUALCOMM INC	2009-08-12	2011-05-17
	21 SH SCHLUMBERGER LTD	2009-08-12	2011-05-17
	7 SH SOUTHWESTERN ENERGY COMPANY	2010-04-14	2011-05-17
	6 SH ST JUDE MEDICAL INC	2009-08-12	2011-05-17
	13 SH ST JUDE MEDICAL INC	2009-10-22	2011-05-17
	6 SH ST JUDE MEDICAL INC	2010-01-20	2011-05-17
	43 SH STAPLES INC	2009-08-12	2011-05-17
	17 SH STAPLES INC	2009-08-27	2011-05-17
	6 SH STAPLES INC	2010-01-20	2011-05-17
	18 SH TARGET CORPORATION	2009-08-12	2011-05-17
	4 SH TARGET CORPORATION	2010-01-20	2011-05-17
	6 SH TEVA PHARMACEUTICALS	2009-03-16	2011-05-17
	4 SH TEVA PHARMACEUTICALS	2009-11-16	2011-05-17
	3 SH TEVA PHARMACEUTICALS	2010-01-20	2011-05-17
	18 SH THERMO FISHER SCIENTIFIC INC	2009-08-12	2011-05-17
	24 SH VIACOM INC CLASS B	2009-08-12	2011-05-17
	48 SH WESTERN UNION CO	2009-08-12	2011-05-17
	10 SH WESTERN UNION CO	2010-01-20	2011-05-17
	33 SH XILINX INC	2010-01-25	2011-05-17
	22 SH XILINX INC	2010-02-25	2011-05-17
	21 SH CHARLES SCHWAB	2009-08-12	2011-07-06
	1 SH CHARLES SCHWAB	2009-09-17	2011-07-06
	19 SH CHARLES SCHWAB	2009-09-17	2011-07-08
	9 SH CHARLES SCHWAB	2010-01-20	2011-07-08
	2 SH APPLE INC	2009-08-12	2011-07-28
	7 SH ORACLE CORP	2009-08-12	2011-07-29
	1 SH APPLE INC	2009-08-12	2011-09-27
	6 SH HALLIBURTON CO	2010-01-20	2011-09-21
	5 SH HALLIBURTON CO	2010-04-30	2011-09-21
	9 SH HALLIBURTON CO	2010-06-02	2011-09-21
	3 SH ORACLE CORP	2009-08-12	2011-09-06
	3 SH SCHLUMBERGER LTD	2009-08-12	2011-12-09
	700 SHS WILLIAMS PARTNERS, LP	2010-09-23	2011-07-11
	657 SHS ENERGY TRANSFER EQUITY, LP	2009-12-08	2011-05-11
	LESS: REPORTED AS ORDINARY INCOME	2011-01-01	2011-12-31
	LESS: REPORTED AS ORDINARY INCOME	2010-01-01	2011-12-31
	CAPITAL GAIN DISTRIBUTION - MORGAN STANLEY SMITH BARNEY	2010-01-01	2011-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	76		76
b	259	274	-15
c	426	569	-143
d	3,127	1,961	1,166
e	1,547	697	850
	2,574	1,141	1,433
	1,783	2,285	-502
	1,447	1,703	-256
	1,483	1,980	-497
	424	550	-126
	1,750	926	824
	3,028	2,327	701
	675	574	101
	495	421	74
	595	588	7
	157	177	-20
	829	789	40
	417	405	12
	643	604	39
	618	688	-70
	70	174	-104
	366	433	-67
	1		1
	562	651	-89
	187	193	-6
	653	562	91
	544	638	-94
	523	718	-195
	940	1,054	-114
	621	714	-93
	439	620	-181
	162	238	-76
	521	644	-123
	178	192	-14
	382	259	123
	479	466	13
	503	495	8
	249	248	1
	838	853	-15
	339	355	-16
	1,007	896	111
	453	407	46
	252	231	21
	594	559	35
	356	345	11
	818	832	-14
	327	315	12
	454	436	18
	441	303	138
	431	575	-144
	897	1,018	-121
	796	881	-85
	99	97	2
	296	249	47
	217	218	-1
	1,793	1,572	221
	75	68	7
	326	293	33
	75	79	-4
	280	202	78
	560	408	152
	280	235	45
	481	461	20
	73	79	-6
	48	53	-5
	687	482	205
	313	459	-146
	103	95	8
	513	485	28
	945	866	79
	1,127	1,177	-50
	83	79	4
	705	572	133
	155	109	46
	414	322	92
	155	142	13
	119	122	-3
	239	251	-12
	378	385	-7
	179	189	-10
	344	371	-27
	186	135	51
	186	137	49
	124	90	34
	309	223	86
	247	229	18
	465	445	20
	297	198	99
	422	301	121
	195	203	-8
	629	675	-46
	384	439	-55
	245	262	-17
	158	175	-17
	205	232	-27
	414	503	-89
	845	873	-28
	277	278	-1
	111	108	3
	668	716	-48
	434	499	-65
	373	400	-27
	156	172	-16
	187	207	-20
	513	456	57
	210	353	-143
	538	970	-432
	62	59	3
	227	251	-24
	175	201	-26
	131	148	-17
	44	49	-5
	220	246	-26
	184	150	34
	320	402	-82
	144	172	-28
	402	517	-115
	80	105	-25
	184	205	-21
	146	164	-18
	739	986	-247
	171	231	-60
	277	370	-93
	201	256	-55
	566	775	-209
	204	298	-94
	416	361	55
	209	180	29
	220	150	70
	141	171	-30
	131	268	-137
	131	245	-114
	131	205	-74
	136	120	16
	362	321	41
	148	241	-93
	340	602	-262
	201	195	6
	432	390	42
	270	235	35
	600	451	149
	360	271	89
	265	300	-35
	226	180	46
	144	201	-57
	230	301	-71
	193	267	-74
	47	67	-20
	94	140	-46
	243	450	-207
	81	90	-9
	160	180	-20
	428	334	94
	202	170	32
	201	170	31
	194	192	2
	192	192
	5	21	-16
	1	4	-3
	4	16	-12
	1	3	-2
	29	118	-89
	7	30	-23
	100,000	100,000
	100,000	100,000
	100,000	100,000
	50,000	49,755	245
	12		12
	8		8
	42		42
	40,000	40,000
	28		28
	19		19
	27		27
	412	331	81
	326	516	-190
	845	530	315
	484	860	-376
	452	373	79
	282	263	19
	881	989	-108
	547	826	-279
	441	285	156
	884	703	181
	187	275	-88
	374	379	-5
	421	283	138
	303	184	119
	202	153	49
	101	79	22
	2,368	1,923	445
	75	61	14
	444	343	101
	14	11	3
	1,248	861	387
	1,890	1,521	369
	864	696	168
	19		19
	481	463	18
	74	35	39
	521	410	111
	262	264	-2
	524	495	29
	915	785	130
	468	498	-30
	1,284	877	407
	375	409	-34
	737	467	270
	607	387	220
	95	108	-13
	366	426	-60
	426	475	-49
	738	680	58
	283	354	-71
	293	374	-81
	383	569	-186
	1,085	772	313
	1,610	1,348	262
	2,859	1,356	1,503
	1,844	1,289	555
	2,147	2,019	128
	1,974	967	1,007
	1,921	1,600	321
	2,204	2,325	-121
	2,361	586	1,775
	1,819	2,828	-1,009
	2,411	1,133	1,278
	402	153	249
	1,381	1,298	83
	1,642	1,667	-25
	1,608	1,571	37
	894	331	563
	1,527	1,876	-349
	1,109	565	544
	169	157	12
	208	138	70
	156	103	53
	297	219	78
	277	362	-85
	542	494	48
	413	417	-4
	177	166	11
	348	241	107
	53	36	17
	160	138	22
	213	185	28
	372	369	3
	123	65	58
	246	98	148
	220	137	83
	495	299	196
	110	65	45
	275	172	103
	602	332	270
	22		22
	269	761	-492
	508	159	349
	386	153	233
	860	546	314
	232	80	152
	697	481	216
	232	176	56
	351	300	51
	713	357	356
	980	627	353
	784	775	9
	325	200	125
	352	1,753	-1,401
	64	149	-85
	662	575	87
	397	294	103
	132	60	72
	529	267	262
	220	191	29
	318	304	14
	256	205	51
	851	581	270
	307	212	95
	307	167	140
	193	196	-3
	122	179	-57
	206	255	-49
	168	220	-52
	131	156	-25
	486	721	-235
	140	219	-79
	35	68	-33
	435	792	-357
	455	380	75
	551	230	321
	633	544	89
	246	200	46
	303	339	-36
	357	210	147
	441	256	185
	628	572	56
	343	395	-52
	98	111	-13
	150	159	-9
	526	592	-66
	338	388	-50
	293	286	7
	518	482	36
	148	173	-25
	203	144	59
	203	139	64
	161	111	50
	282	202	80
	494	451	43
	553	734	-181
	349	298	51
	380	388	-8
	512	247	265
	410	218	192
	395	343	52
	515	385	130
	1,305	813	492
	334	166	168
	847	914	-67
	454	480	-26
	60	55	5
	239	224	15
	239	221	18
	418	424	-6
	992	868	124
	276	300	-24
	729	949	-220
	133	194	-61
	887	859	28
	2,151	1,282	869
	1,811	1,199	612
	207	176	31
	99	101	-2
	296	280	16
	485	553	-68
	404	433	-29
	162	183	-21
	1,046	919	127
	181	93	88
	453	272	181
	1,379	1,265	114
	552	463	89
	201	182	19
	280	226	54
	560	472	88
	650	461	189
	487	380	107
	1,874	1,824	50
	292	365	-73
	916	1,141	-225
	1,018	780	238
	254	196	58
	509	395	114
	254	191	63
	729	798	-69
	389	399	-10
	194	210	-16
	341	219	122
	1,844	1,487	357
	355	306	49
	426	375	51
	355	316	39
	426	371	55
	1,540	1,172	368
	1,465	1,212	253
	1,726	1,136	590
	290	290
	311	231	80
	673	444	229
	311	230	81
	855	971	-116
	338	370	-32
	119	148	-29
	914	767	147
	203	203
	295	271	24
	196	211	-15
	147	174	-27
	1,114	823	291
	1,189	597	592
	990	874	116
	206	194	12
	1,159	804	355
	773	564	209
	336	394	-58
	16	18	-2
	293	341	-48
	139	170	-31
	781	332	449
	215	154	61
	406	166	240
	220	199	21
	184	151	33
	330	212	118
	78	66	12
	219	162	57
	37,668	26,468	11,200
	27,141	14,528	12,613
			-5,132
			-3,383
	188	0	188

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			76
b			-15
c			-143
d			1,166
e			850
			1,433
			-502
			-256
			-497
			-126
			824
			701
			101
			74
			7
			-20
			40
			12
			39
			-70
			-104
			-67
			1
			-89
			-6
			91
			-94
			-195
			-114
			-93
			-181
			-76
			-123
			-14
			123
			13
			8
			1
			-15
			-16
			111
			46
			21
			35
			11
			-14
			12
			18
			138
			-144
			-121
			-85
			2
			47
			-1
			221
			7
			33
			-4
			78
			152
			45
			20
			-6
			-5
			205
			-146
			8
			28
			79
			-50
			4
			133
			46
			92
			13
			-3
			-12
			-7
			-10
			-27
			51
			49
			34
			86
			18
			20
			99
			121
			-8
			-46
			-55
			-17
			-17
			-27
			-89
			-28
			-1
			3
			-48
			-65
			-27
			-16
			-20
			57
			-143
			-432
			3
			-24
			-26
			-17
			-5
			-26
			34
			-82
			-28
			-115
			-25
			-21
			-18
			-247
			-60
			-93
			-55
			-209
			-94
			55
			29
			70
			-30
			-137
			-114
			-74
			16
			41
			-93
			-262
			6
			42
			35
			149
			89
			-35
			46
			-57
			-71
			-74
			-20
			-46
			-207
			-9
			-20
			94
			32
			31
			2

			-16
			-3
			-12
			-2
			-89
			-23



			245
			12
			8
			42

			28
			19
			27
			81
			-190
			315
			-376
			79
			19
			-108
			-279
			156
			181
			-88
			-5
			138
			119
			49
			22
			445
			14
			101
			3
			387
			369
			168
			19
			18
			39
			111
			-2
			29
			130
			-30
			407
			-34
			270
			220
			-13
			-60
			-49
			58
			-71
			-81
			-186
			313
			262
			1,503
			555
			128
			1,007
			321
			-121
			1,775
			-1,009
			1,278
			249
			83
			-25
			37
			563
			-349
			544
			12
			70
			53
			78
			-85
			48
			-4
			11
			107
			17
			22
			28
			3
			58
			148
			83
			196
			45
			103
			270
			22
			-492
			349
			233
			314
			152
			216
			56
			51
			356
			353
			9
			125
			-1,401
			-85
			87
			103
			72
			262
			29
			14
			51
			270
			95
			140
			-3
			-57
			-49
			-52
			-25
			-235
			-79
			-33
			-357
			75
			321
			89
			46
			-36
			147
			185
			56
			-52
			-13
			-9
			-66
			-50
			7
			36
			-25
			59
			64
			50
			80
			43
			-181
			51
			-8
			265
			192
			52
			130
			492
			168
			-67
			-26
			5
			15
			18
			-6
			124
			-24
			-220
			-61
			28
			869
			612
			31
			-2
			16
			-68
			-29
			-21
			127
			88
			181
			114
			89
			19
			54
			88
			189
			107
			50
			-73
			-225
			238
			58
			114
			63
			-69
			-10
			-16
			122
			357
			49
			51
			39
			55
			368
			253
			590

			80
			229
			81
			-116
			-32
			-29
			147

			24
			-15
			-27
			291
			592
			116
			12
			355
			209
			-58
			-2
			-48
			-31
			449
			61
			240
			21
			33
			118
			12
			57
			11,200
			12,613


			188

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	37,759
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 . . . . . . . . . . . . .		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? Yes No

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	180,780	2,020,233	0.089485
2009	136,300	1,933,982	0.070476
2008	92,632	2,033,635	0.04555
2007	90,761	2,128,949	0.042632
2006	99,961	2,075,705	0.048158

2	Total of line 1, column (d) ......................	2	0.296301
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	0.05926
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	2,021,177
5	Multiply line 4 by line 3.......................	5	119,775
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	985
7	Add lines 5 and 6.........................	7	120,760
8	Enter qualifying distributions from Part XII, line 4..............	8	159,009
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	985
	hereand 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	985
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	985
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	1,900
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	1,900
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	915
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax915	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? Click to see list of attachments

....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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 Click to see list of attachments

....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T. Click to see list of attachments

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

FOUNDATION MANAGEMENT GROUP Telephone no. bullet

(206) 667-0300

Located at bullet

1000 SECOND AVENUE 34TH FLSEATTLEWA ZIP+4 bullet

981041022

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
CARMELA M KOEPLIN	PRESIDENT 2.0	0
1000 SECOND AVENUE 34th floor SEATTLE,WA981041022	PRESIDENT 2.0	0
PATRICK J KOEPLIN	VP/TREASURER 2.0	0
1000 SECOND AVENUE 34th floor SEATTLE,WA981041022	VP/TREASURER 2.0	0
DANIEL M ASHER	SECRETARY 2.0	0
1000 SECOND AVENUE 34th floor SEATTLE,WA981041022	SECRETARY 2.0	0

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...................

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 (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,759,952

Average of monthly cash balances.......................

280,124

Fair market value of all other assets (see page 24 of the instructions)............

11,880

Total (add lines 1a, b, and c).........................

2,051,956

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,051,956

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

30,779

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,021,177

Minimum investment return. Enter 5% of line 5..................

101,059

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

101,059

Tax on investment income for 2011 from Part VI, line 5......

985

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

985

Distributable amount before adjustments. Subtract line 2c from line 1............

100,074

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

100,074

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

100,074

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

159,009

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

159,009

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)............

985

Adjusted qualifying distributions. Subtract line 5 from line 4..............

158,024

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)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			100,074
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:2009, 2008, 2007
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	60,414
fTotal of lines 3a through e.........		60,414
4Qualifying distributions for 2011 from Part
XII, line 4: $ 159,009
a Applied to 2010, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....			100,074
e Remaining amount distributed out of corpus		58,935
5 Excess distributions carryover applied to 2011.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		119,349
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		119,349
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	60,414
e Excess from 2011....	58,935

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

PATRICK CARMELA KOEPLIN

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2011)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BLESSED TERESA OF CALCUTTA PARISH PO BOX 705 WOODINVILLE,WA98072	NONE	EXEMPT	HUMAN SERVICES	110,000
RECOVERY CAFE 2202 BOREN AVENUE SEATTLE,WA98121	NONE	EXEMPT	HUMAN SERVICES	5,000
IGNATIAN SPIRITUALITY CENTER 732 - 18TH AVENUE EAST SEATTLE,WA98112	NONE	EXEMPT	HUMAN SERVICES	5,000
SEATTLE UNIVERSITY PO BOX 222000 SEATTLE,WA981121090	NONE	EXEMPT	EDUCATION	20,000
THE SMILE TRAIN 41 MADISON AVENUE 28TH FL NEW YORK,NY10010	NONE	EXEMPT	HEALTH	3,000
LIVE OAK ADULT DAY SERVICES 1147 MINNESOTA AVE SAN JOSE,CA95125	NONE	EXEMPT	HUMAN SERVICES	4,000
LIVERMORE VETERANS FOUNDATION 1692 RUTGERS WAY LIVERMORE,CA94550	NONE	EXEMPT	HUMAN SERVICES	1,500
OUR MOTHER'S HOUSE PO BOX 2240 VENICE,FL342842240	NONE	EXEMPT	HUMAN SERVICES	1,500
FROM BOARDWALK PIPELINE PARTNERS LP K-1 9 GREENWAY PLAZA SUITE 2800 HOUSTON,TX77046	NONE	EXEMPT	PER K-1	3
FROM BUCKEYE PARTNERS LP K-1 5 TEK PARK 9999 HAMILTON BLVD BREINIGSVILLE,PA18031	NONE	EXEMPT	PER K-1	3
FROM ENBRIDGE ENERGY PARTNERS LP K-1 1100 LOUISIANA SUITE 3300 HOUSTON,TX77002	NONE	EXEMPT	PER K-1	2
FROM WILLIAMS PARTNERS LP K-1 ONE WILLIAMS CENTER TULSA,OK74172	NONE	EXEMPT	PER K-1	1
Total ................................. 3a				150,009

bApproved for future payment

Total ................................. 3b

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
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
4 Dividends and interest from securities....			14	71,281
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	46,280
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aINCOME FROM PARTNERSHIPS	211110	-35,447	14	-197
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		-35,447		117,364

13Total. Add line 12, columns (b), (d), and (e)..................

1381,917

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST RECEIVABLE	10,618	10,263	10,263
DIVIDENDS RECEIVABLE	120	304	304
PREPAID TAXES	0	1,313	1,313

Description	Revenue and Expenses per Books	Net Investment Income
BROKER FEES	7,542	7,542
LICENSES EXPENSE	35
PENALTIES AND FINES	5

Description	Revenue And Expenses Per Books	Net Investment Income
Net Activity from AmeriGas Partners LP	-3,871	189
Net Activity from Buckeye Partners LP	-665	223
NET ACTIVITY FROM ENBRIDGE TRANSFER PTRS	-960	1
NET ACTIVITY FROM ENERGY TRANSFER EQ LP	-3,433	18
Net Activity from Energy Transfer Prtns	-5,080	70
Net Activity from INERGY, LP	-1,268	9
Net Activity from Kinder Morgan Energy	-5,512	102
Net Activity from Plains All-American	-658	-58
NET ACTIVITY FROM REGENCY ENERGY PTRS	-3,921	20
NET ACTIVITY FROM SUBURBAN PROPANE PTRS	-2,496	-133
Net Activity from TC Pipelines LP	-1,694	-132
NET ACTIVITY FROM BOARDWALK PIPELINE PTR	-2,057	96
NET ACTIVITY FROM WILLIAMS PARTNERS LP	-1,203	-6
NET ACTIVITY FROM DCP MIDSTREAM PTRS	-2,297	-596
NET ACTIVITY FROM MAGELLAN MIDSTREAM PTR	-529

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX EXPENSE	987
FOREIGN TAXES	372	372