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 10-01-2010 , and ending 09-30-2011
G
Check all that apply:
Name of foundation
THE WILLIAM H PITT FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)400 ROYAL PALM WAY NO 304   Room/suite
City or town, state, and ZIP code
PALM BEACH, FL334804117
A Employer identification number

22-2570737
B Telephone number (see page 10 of the instructions)

(561) 835-1313
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$81,853,029J 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) 850,000
2 Check bullet
3 Interest on savings and temporary cash investments 863,465 775,676  
4 Dividends and interest from securities...... 280,752 280,752  
5a Gross rents.............. 945,797 945,797  
b Net rental income or (loss) 546,254
6a Net gain or (loss) from sale of assets not on line 10 417,746
b Gross sales price for all assets on line 6a 5,648,737
7 Capital gain net income (from Part IV, line 2)... 417,746
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 2,804,626 1,838,720  
12 Total. Add lines 1 through 11........ 6,162,386 4,258,691  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 536,458 482,812   53,646
14 Other employee salaries and wages...... 186,149 59,964   126,185
15 Pension plans, employee benefits....... 80,160 67,344   12,816
16a Legal fees (attach schedule)......... Click to see attachment 837 837   0
b Accounting fees (attach schedule)....... Click to see attachment 117,072 93,658   16,814
c Other professional fees (attach schedule).... Click to see attachment 42,116 41,891   225
17 Interest............... 57,742 57,190   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 123,990 55,115   9,436
19 Depreciation (attach schedule) and depletion... Click to see attachment 138,885 113,808  
20 Occupancy.............. 92,658 74,126   18,532
21 Travel, conferences, and meetings....... 12,783 10,226   2,557
22 Printing and publications.......... 3 0   3
23 Other expenses (attach schedule)....... Click to see attachment 432,672 389,801   19,158
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,821,525 1,446,772   259,372
25 Contributions, gifts, grants paid........ 2,942,592 2,902,795
26 Total expenses and disbursements. Add lines 24 and 25 4,764,117 1,446,772   3,162,167
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,398,269
b Net investment income (if negative, enter -0-) 2,811,919
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............... 454,567 270,051 270,051
2 Savings and temporary cash investments.......... 1,960,387 3,641,423 3,641,423
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) bullet8,105,182
Less: allowance for doubtful accounts bullet0 8,891,682 8,105,182 8,105,182
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 91,906 82,874 82,874
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,495,502 Click to see attachment2,242,238 2,242,238
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet4,483,519
Less: accumulated depreciation (attach schedule) bullet584,670 3,960,905 Click to see attachment3,898,849 8,410,000
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 40,159,951 Click to see attachment43,170,056 59,065,998
14 Land, buildings, and equipment: basis bullet170,355
Less: accumulated depreciation (attach schedule) bullet141,942 40,994 Click to see attachment28,413 28,413
15 Other assets (describe bullet) Click to see attachment6,850 Click to see attachment6,850 Click to see attachment6,850
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,062,744 61,445,936 81,853,029
Liabilities 17 Accounts payable and accrued expenses.......... 113,737 108,526
18 Grants payable................... 1,611,489 601,286
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).......... 1,725,226 709,812
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 59,337,518 60,736,124
30 Total net assets or fund balances (see page 17 of the
instructions).................... 59,337,518 60,736,124
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 61,062,744 61,445,936
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 59,337,518
2 Enter amount from Part I, line 27a...................... 2 1,398,269
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 337
4 Add lines 1, 2, and 3.......................... 4 60,736,124
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 60,736,124
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 PUBLICLY-TRADED PARTNERSHIPS K-1 PASS-THROUGH      
b PUBLICLY-TRADED PARTNERSHIPS K-1 PASS-THROUGH      
c TIPTREE FINANCIAL PARTNERS LP K-1 PASS-THROUGH P    
d TIPTREE FINANCIAL PARTNERS LP K-1 PASS-THROUGH P    
e MARINER-DOLPHIN SPECIAL OPPORTUNITIES FUND LP K-1 PASS-THROUGH P    
US T-BILL DUE 6/2/2011 P 2010-06-09 2010-10-26
US T-BILL DUE 6/2/2011 P 2010-06-09 2010-12-21
US T-BILL DUE 6/2/2011 P 2010-06-09 2011-03-31
US T-BILL DUE 6/2/2011 P 2010-07-14 2011-06-01
US T-BILL DUE 6/2/2011 P 2010-10-06 2011-06-01
525 SHS ALLIANCE BERNSTEIN HOLDING LP   2009-11-19 2010-11-09
900 SHS ALLIANCE BERNSTEIN HOLDING LP   2009-12-31 2010-11-09
174 SHS ALLIANCE RESOURCE PARTNERS LP   2009-09-21 2011-03-23
35 SHS ALLIANCE RESOURCE PARTNERS LP   2009-11-04 2011-03-23
70 SHS ALLIANCE RESOURCE PARTNERS LP   2009-11-25 2011-03-23
61 SHS ALLIANCE RESOURCE PARTNERS LP   2010-03-31 2011-03-23
235 SHS BAYTEX ENERGY CORP P 2007-08-27 2010-12-10
260 SHS BAYTEX ENERGY CORP P 2007-08-27 2011-03-08
285 SHS BAYTEX ENERGY CORP P 2007-08-27 2011-08-02
450 BRISTOL MYERS SQUIBB P 2008-12-12 2011-09-22
300 SHS CANADIAN OIL SANDSD LTD P 2006-06-06 2011-04-19
185 SHS CANADIAN OIL SANDSD LTD P 2006-06-20 2011-04-19
360 SHS CHEVRON CORP P 2008-11-12 2011-04-14
175 SHS DIAMOND OFFSHORE DRILLING INC P 2009-02-25 2011-05-06
165 SHS DIAMOND OFFSHORE DRILLING INC P 2010-08-06 2011-05-06
80 SHS DIAMOND OFFSHORE DRILLING INC P 2010-08-10 2011-05-06
245 SHS DIAMOND OFFSHORE DRILLING INC P 2010-09-08 2011-05-06
30 SHS DIAMOND OFFSHORE DRILLING INC P 2010-09-28 2011-05-06
290 SHS EATON CORP P 2009-06-10 2011-01-25
60 SHS EATON CORP P 2009-06-10 2011-02-25
75 SHS EATON CORP P 2010-02-01 2011-02-25
100 SHS EATON CORP P 2010-05-21 2011-02-25
275 SHS HUBBELL INC P 2009-02-25 2010-10-20
285 SHS HUBBELL INC P 2009-03-23 2011-01-12
15 SHS HUBBELL INC P 2009-03-23 2011-02-28
250 SHS HUBBELL INC P 2010-05-21 2011-02-28
1,200 SHS HUDSON CITY BANCORP INC P 2009-04-30 2011-01-24
800 SHS HUDSON CITY BANCORP INC P 2009-05-27 2011-01-24
600 SHS HUDSON CITY BANCORP INC P 2010-04-01 2011-01-24
200 SHS HUDSON CITY BANCORP INC P 2010-05-21 2011-01-24
785 SHS HUDSON CITY BANCORP INC   2010-09-08 2011-01-24
100 SHS HUGOTON ROYALTY   2006-06-06 2010-10-19
950 SHS HUGOTON ROYALTY   2009-02-03 2010-10-19
65 SHS HUGOTON ROYALTY   2009-04-23 2010-10-19
555 SHS HUGOTON ROYALTY   2009-04-23 2010-10-21
555 SHS HUGOTON ROYALTY   2009-04-23 2010-10-21
700 SHS IMPALA PLATINUM HOLDINGS P 2009-10-16 2011-01-10
500 SHS IMPALA PLATINUM HOLDINGS P 2009-10-16 2011-01-25
660 SHS INERGY LP   2009-09-09 2011-03-23
265 SHS INERGY LP   2009-09-09 2011-03-24
250 SHS INERGY LP   2010-01-25 2011-03-24
145 SHS INERGY LP   2010-09-13 2011-03-24
$5,000 JEFERSON, GA 8% P 2009-01-09 2011-02-01
$5,000 LASALLE, TX PUB FAC 9.5% P 2010-09-01 2011-03-01
1,030 SHS LINCOLN EDUCATIONAL SERVICES P 2010-12-15 2011-06-02
$35,000 MA ST 8.5% DUE 01/01/20 P 2007-12-11 2010-12-30
$10,000 MA ST 8.5% DUE 01/01/20 P 2009-05-18 2010-12-30
1,000 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-01-28 2011-04-08
800 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-01-28 2011-05-02
200 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-01-28 2011-05-04
580 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-01-29 2011-05-04
770 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-01-29 2011-07-01
290 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-04-23 2011-07-01
530 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-04-23 2011-07-08
530 SHS MONMOUTH REAL ESTATE INVT CORP P 2010-04-23 2011-07-12
200 SHS PPG INDUSTRIES P 2009-02-12 2010-10-18
10 SHS PPG INDUSTRIES P 2009-03-23 2010-10-18
215 SHS PPG INDUSTRIES P 2009-03-23 2011-01-12
25 SHS PPG INDUSTRIES P 2009-03-23 2011-02-25
175 SHS PPG INDUSTRIES P 2010-01-27 2011-02-25
360 SHS RAYONIER INC P 2010-06-24 2011-08-02
1,000 SHS SAN JUAN ENERGY ROYALTY TRUST SBI P 2009-08-20 2011-05-03
125 SHS SAN JUAN ENERGY ROYALTY TRUST SBI P 2009-08-20 2011-05-06
450 SHS SAN JUAN ENERGY ROYALTY TRUST SBI P 2009-08-26 2011-05-06
575 SHS SAN JUAN ENERGY ROYALTY TRUST SBI P 2009-08-26 2011-06-02
$55,000 STAUNTON VA 9.125% DUE 11/1/2004 P 2007-11-16 2011-08-22
715 SHS TELEFONICA SA P 2011-03-25 2011-08-16
515 SHS TELEFONICA SA P 2011-04-12 2011-08-16
840 SHS TELEFONICA SA P 2011-04-12 2011-08-22
$10,000 UNION CITY NJ IMPT 8.5% P 2008-03-12 2011-03-01
0.25 SHS VALLEY NATIONAL BANK P 2011-01-24 2011-05-20
0.50 SHS VALLEY NATIONAL BANK P 2011-05-04 2011-05-20
250 SHS VERIZON P 2009-02-06 2011-04-19
250 SHS VERIZON P 2009-02-27 2011-04-19
85 SHS VERIZON P 2009-04-30 2011-04-19
335 SHS WP CAREY & CO LLC P 2009-08-07 2011-03-30
390 SHS WP CAREY & CO LLC P 2009-08-07 2011-07-05
175 SHS WP CAREY & CO LLC P 2009-08-07 2011-09-07
650 SHS WP CAREY & CO LLC P 2009-08-17 2011-09-07
INERGY LP - ORDINARY INCOME RECLASS P    
INERGY LP - ORDINARY INCOME RECLASS P    
MARINER-DOLPHIN SPECIAL OPPORTUNITIES FUND LP P 2009-08-31 2010-12-31
PBLM LOAN P 2009-08-10 2010-10-01
243.0091 SHS MARINER VOYAGER INTERNATIONAL P 2006-04-30 2011-07-31
(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       348
b       -74
c       51,858
d       -794
e       -26,491
499,453   498,459 994
499,626   498,459 1,167
999,869   996,917 2,952
1,300,000   1,297,209 2,791
200,000   199,768 232
12,730   13,342 -612
21,824   22,873 -1,049
14,340   5,776 8,564
2,884   1,162 1,722
5,769   2,324 3,445
5,027   2,025 3,002
10,635   3,759 6,876
14,575   4,159 10,416
15,848   4,559 11,289
13,739   9,278 4,461
9,766   9,576 190
6,022   5,158 864
39,075   27,663 11,412
12,573   10,905 1,668
11,855   10,437 1,418
5,748   5,363 385
17,603   14,839 2,764
2,155   1,871 284
29,308   14,038 15,270
6,537   2,904 3,633
8,171   4,665 3,506
10,895   7,331 3,564
14,465   7,365 7,100
16,870   7,567 9,303
959   398 561
15,991   11,554 4,437
14,375   15,255 -880
9,583   9,240 343
7,187   8,484 -1,297
2,396   2,624 -228
9,403   9,259 144
2,014   1,148 866
19,129   10,904 8,225
1,309   746 563
11,218   6,370 4,848
11,115   6,370 4,745
23,411   16,775 6,636
15,768   11,982 3,786
25,733   12,793 12,940
10,409   5,136 5,273
9,819   7,460 2,359
5,695   4,794 901
5,000   4,181 819
5,000   5,000 0
16,265   15,835 430
35,000   35,000 0
10,000   7,500 2,500
8,230   7,198 1,032
6,563   5,758 805
1,660   1,440 220
4,813   4,175 638
6,516   5,542 974
2,454   2,087 367
4,544   3,815 729
4,495   3,815 680
15,223   7,945 7,278
761   342 419
17,669   7,356 10,313
2,176   855 1,321
15,234   10,573 4,661
23,045   16,955 6,090
25,005   10,849 14,156
2,969   1,356 1,613
10,687   4,882 5,805
13,778   6,238 7,540
48,950   55,000 -6,050
13,942   17,990 -4,048
10,042   13,416 -3,374
16,798   21,883 -5,085
10,000   10,000 0
3   3 0
7   7 0
9,328   7,364 1,964
9,328   6,715 2,613
3,171   2,449 722
12,430   9,388 3,042
15,496   10,930 4,566
6,796   4,904 1,892
25,241   18,216 7,025
      -217
      -7,026
803,342   684,308 119,034
150,000   150,000 0
273,900   236,282 37,618
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       348
b       -74
c       51,858
d       -794
e       -26,491
      994
      1,167
      2,952
      2,791
      232
      -612
      -1,049
      8,564
      1,722
      3,445
      3,002
      6,876
      10,416
      11,289
      4,461
      190
      864
      11,412
      1,668
      1,418
      385
      2,764
      284
      15,270
      3,633
      3,506
      3,564
      7,100
      9,303
      561
      4,437
      -880
      343
      -1,297
      -228
      144
      866
      8,225
      563
      4,848
      4,745
      6,636
      3,786
      12,940
      5,273
      2,359
      901
      819
      0
      430
      0
      2,500
      1,032
      805
      220
      638
      974
      367
      729
      680
      7,278
      419
      10,313
      1,321
      4,661
      6,090
      14,156
      1,613
      5,805
      7,540
      -6,050
      -4,048
      -3,374
      -5,085
      0
      0
      0
      1,964
      2,613
      722
      3,042
      4,566
      1,892
      7,025
      -217
      -7,026
      119,034
      0
      37,618
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 2 417,746
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 4,901,657 81,896,079 0.059852
2008 3,815,760 86,159,160 0.044287
2007 4,769,902 95,337,949 0.050032
2006 4,821,494 102,441,799 0.047066
2005 4,122,006 103,752,682 0.039729
2 Total of line 1, column (d) ...................... 2 0.240966
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 0.048193
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 81,753,521
5 Multiply line 4 by line 3....................... 5 3,939,947
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 28,119
7 Add lines 5 and 6......................... 7 3,968,066
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,162,167
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 56,238
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 56,238
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,238
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 108,130
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.............. 7 108,130
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 51,892
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet51,892 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletFL
    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.Click to see attachment
    10
    Yes
     
    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 ofbulletTHE FOUNDATION Telephone no.bullet (561) 835-1313
    Located atbullet400 ROYAL PALM WAY SUITE 304PALM BEACHFL ZIP+4bullet33480
    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
    ROBERT G SIMSES ESQ PRESIDENT/COO/DIRECTOR
    30.00     		318,000 0 0
    241 WEST INDIES DRIVE
    PALM BEACH,FL33480
    ROBERT SCINTO CHAIRMAN/CEO/DIRECTOR
    30.00     		63,500 0 0
    17 SEAVIEW AVENUE
    MILFORD,CT064605234
    CHARLES MALLORY SECRETARY
    0.00     		0 0 0
    2187 ATLANTIC STREET
    STAMFORD,CT06902
    PAULINE BAKER PITT DIRECTOR
    20.00     		103,958 0 0
    320 TANGIER AVENUE
    PALM BEACH,FL33480
    HONORABLE LESLEY STOCKARD SMITH DIRECTOR
    10.00     		25,500 0 0
    300 CHAPEL HILL ROAD
    PALM BEACH,FL33480
    WARNER DEPUY DIRECTOR
    10.00     		25,500 0 0
    84 W PARK PLACE 3RD FLOOR
    STAMFORD,CT06901
    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
    DEBRA HERTZ SR MANAGER
    40.00     		134,462 6,000 0
    609 HOLLOW TREE RIDGE ROAD
    DARIEN,CT06820
    LUCAS KRUPINSKI INVESTMENT MANAGER
    20.00     		51,687 0 0
    526 S PALM WAY
    LAKE WORTH,FL33460
    Total number of other employees paid over $50,000...................bullet 2
    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
    MARINER INVESTMENT GROUP LLC INVESTMENT 105,213
    500 MAMARONECK AVENUE
    HARRISON,NY10528
    BERKMAN JORGENSEN MASTERS & STAFMAN ACCOUNTING 66,000
    1377 SW 12TH AVENUE
    POMPANO BEACH,FL33069
    RSM MCGLADREY INC AUDIT 51,072
    850 CANAL STREET
    STAMFORD,CT06902
    Total number of others receiving over $50,000 for professional services.............bullet3
    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...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    36,124,046
    b
    Average of monthly cash balances.......................
    1b
    3,554,320
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    43,320,132
    d
    Total (add lines 1a, b, and c).........................
    1d
    82,998,498
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    82,998,498
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    1,244,977
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    81,753,521
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    4,087,676
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,087,676
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    56,238
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,238
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,031,438
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    4,031,438
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    4,031,438
    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
    3,162,167
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,162,167
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    3,162,167
    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 4,031,438
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007....... 89,641
    d From 2008.......  
    e From 2009....... 833,710
    fTotal of lines 3a through e......... 923,351
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 3,162,167
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 3,162,167
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 869,271 869,271
    (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 54,080
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. 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) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		54,080
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 54,080
    e Excess from 2010....  
    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).)
    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
    ABILIS
    50 GLENVILLE STREET
    GREENWICH,CT06831     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 2,500
    ABILITY BEYOND DISABLIITY
    4 BERKSHIRE BLVD
    BETHEL,CT06801     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    ACHIEVEMENT FIRST BRIDGEPORT
    403 JAMES STREET
    NEW HAVEN,CT06513     		NONE CHARTER SCHOOL CHARITABLE EXEMPT PURPOSE 225,000
    AFTER SCHOOL ALL STARS
    5670 WILSHIRE BLVD
    LOS ANGELES,CA90036     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 37,000
    ALBERTO B (TITO) MEJIA MEMORIAL FUND
    C/O DEERFIELD ACADEMY PO BOX 306
    DEERFIELD,MA01342     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 2,000
    ALL SAINTS CATHOLIC SCHOOL
    139 WEST ROCKS ROAD
    NORWALK,CT06851     		NONE CATHOLIC SCHOOL CHARITABLE EXEMPT PURPOSE 25,000
    AMERICAN BULLDOG RESCUE
    373 WASHINGTON CROSSING ROAD
    NEWTON,PA18940     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    AMERICAN RED CROSS GREATER PALM BEACH
    825 FERN STREET
    WEST PALM BEACH,FL33401     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    ANCHOR ACADEMY
    40 OLD NORTH STAMFORD ROAD
    STAMFORD,CT06905     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 700
    ASPEN MUSIC & FESTIVAL SCHOOL
    2 MUSIC SCHOOL ROAD
    ASPEN,CO81611     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 3,500
    AUTISM SPEAKS
    1 EAST 33RD STREET 4TH FLOOR
    NEW YORK,NY10016     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    BIG BEND COMMUNITY BASEBALL & SOFTBALL
    301 N 5TH STREET
    ALPINE,TX79830     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,250
    BOYS & GIRLS CLUB OF BROWARD COUNTY
    877 NORTHWEST 61ST STREET
    FT LAUDERDALE,FL33309     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    BOYS & GIRLS CLUB OF PALM BEACH COUNTY
    800 NORTHPOINT PARKWAY
    WEST PALM BEACH,FL33407     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 22,500
    BOYS & GIRLS CLUB OF STAMFORD
    347 STILLWATER AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 35,000
    BRIDGEPORT HOSPITAL FOUNDATION
    267 GRANT STREET
    BRIDGEPORT,CT06610     		NONE HEALTH CARE CHARITABLE EXEMPT PURPOSE 5,000
    BROADWAY CARESEQUITY FIGHTS AIDS
    165 WEST 46TH STREET SUITE 1300
    NEW YORK,NY10036     		NONE HEALTH CARE RESEARCH CHARITABLE EXEMPT PURPOSE 15,000
    BRUNSWICK SCHOOL
    100 MAHER AVENUE
    GREENWICH,CT06830     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 40,000
    CAMPBELL UNIVERSITY
    110 MAIN STREET
    BUIES CREEK,NC27506     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    CARDINAL NEWMAN HIGH SCHOOL
    512 SPENCER DRIVE
    WEST PALM BEACH,FL33409     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 36,625
    CARIDAD CENTER
    8645 W BOYNTON BEACH BLVD
    BOYNTON BEACH,FL33472     		NONE HEALTH CARE CHARITABLE EXEMPT PURPOSE 25,000
    CENTER FOR CREATIVE EDUCATION
    425 24TH STREET
    WEST PALM BEACH,FL334075401     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 15,000
    CHILD CARE LEARNING CENTER
    195 HILLANDALE AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 35,000
    CHILD GUIDANCE CENTER
    5776 ST AUGUSTINE ROAD
    JACKSONVILLE,FL32207     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 35,000
    CHILDREN'S STOREFRONT
    70 EAST 129TH STREET
    NEW YORK,NY10035     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    CLAREMONT MCKENNA COLLEGE
    500 E NINTH STREET
    CLAREMONT,CA917116400     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 7,500
    COLUMBIA UNIVERSITY
    116TH STREET BROADWAY
    NEW YORK,NY10027     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 20,000
    COUNTY COLLEGE OF MORRIS FOUNDATION
    214 CENTER GROVE ROAD
    RANDOOLPH,NJ07869     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 25,000
    CROHNS & COLITIS FOUNDATION OF AMERICA
    386 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY10016     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 500
    DAUGHTERS OF CHARITY
    4330 OLIVE STREET
    ST LOUIS,MO631082622     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 15,000
    DESIGN ONSCREEN
    1700 LINCOLN STREET SUITE 2250
    DENVER,CO80203     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    DIOCESE OF BRIDGEPORT
    238 JEWETT AVENUE
    BRIDGEPORT,CT06606     		NONE CHURCH INSTITUTION CHARITABLE EXEMPT PURPOSE 100,000
    DOMUS FOUNDATION
    417 SHIPPAN AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 150,000
    DOWNTOWN CABARET THEATRE
    263 GOLDEN HILL STREET
    BRIDGEPORT,CT06604     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    ELAYNE & DONALD FLAMM FOUNDATION
    400 ROYAL PALM WAY SUITE 304
    PALM BEACH,FL33480     		NONE PRIVATE FOUNDATION CHARITABLE EXEMPT PURPOSE 40,000
    FAIRFIELD COLLEGE PREPARATORY SCHOOL
    1073 NORTH BENSON ROAD
    FAIRFIELD,CT06824     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 25,000
    FAIRFIELD UNIVERSITY
    1073 NORTH BENSON ROAD
    FAIRFIELD,CT06824     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 55,000
    FAIRLEIGH DICKENSON UNIVERSITY
    1000 RIVER ROAD
    TEANECK,NJ07666     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 9,700
    FAMILY CENTERS INC
    40 ARCH STREET
    GREENWICH,CT06830     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    FARMWORK CHILDREN'S COUNCIL
    130 ISLAND DRIVE
    OCEAN RIDGE,FL33435     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    FATHER PAT O'NEIL
    8901 DICKENS AVENUE
    MIAMI BEACH,FL33154     		NONE CHURCH INSTITUTION CHARITABLE EXEMPT PURPOSE 1,000
    FERGUSON LIBRARY
    96 BROAD STREET
    STAMFORD,CT06901     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    FIRST PRESBYTERIAN CHURCH PRESCHOOL
    717 PROSPERITY FARMS ROAD
    NORTH PALM BEACH,FL33408     		NONE CHURCH INSTITUTION CHARITABLE EXEMPT PURPOSE 3,000
    FLORIDA STATE UNIVERSITY
    600 WEST COLLEGE AVENUE
    TALLAHASSEE,FL32306     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 40,000
    FOUNTAIN HOUSE
    11 RIVERSIDE DRIVE SUITE 3AW
    NEW YORK,NY10023     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 2,000
    GADC RIVER HOUSE
    125 RIVER ROAD EXTENSION
    COS COB,CT06807     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    GIRL SCOUTS OF CONNECTICUT
    340 WASHINGTON STREET
    HARTFORD,CT06106     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    GLADES ACADEMY FOUNDATION INC
    ONE NORTH CLEMATIS STREET SUITE 200
    WEST PALM BEACH,FL33401     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    GREENWICH ACADEMY
    200 NORTH MAPLE AVENUE
    GREENWICH,CT06830     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 40,000
    GRIFFIN HOSPITAL
    130 DIVISION STREET
    DERBY,CT06418     		NONE HEALTH CARE CHARITABLE EXEMPT PURPOSE 10,000
    HISTORICAL SOCIETY OF PALM BEACH COUNTY
    138 NORTH COUNTY ROAD SUITE 25
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 8,500
    HOLE IN THE WALL GANG
    565 ASHFORD CENTER ROAD
    ASHFORD,CT06278     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    HORIZONS NATIONAL
    1 PARK STREET
    NORWALK,CT06851     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    HOUSATONIC COMMUNITY COLLEGE
    900 LAFAYETTE BLVD
    BRIDGEPORT,CT06604     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 30,000
    KEEWAYDIN FOUNDATION
    10 KEEWAYDIN ROAD
    SALISBURY,VT05769     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 7,500
    KING & LOW HEYWOOD THOMAS SCHOOL
    1450 NEWFIELD AVENUE
    STAMFORD,CT06905     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 40,000
    KINGS COLLEGE
    133 NORTH RIVER STREET
    WILKESBARRE,PA18701     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 46,000
    KOLBE CATHOLIC HIGH SCHOOL
    33 CALHOUN PLACE
    BRIDGEPORT,CT06604     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 25,000
    LAURALTON HALL
    200 HIGH STREET
    MILFORD,CT06460     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 30,000
    LIBERATION PROGRAMS
    4 ELMCREST TERRACE
    NORWALK,CT06850     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 19,300
    LIGHTHOUSE INTERNATIONAL
    111 EAST 59TH STREET
    NEW YORK,NY10022     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    LOURDES-NOREEN MCKEEN RESIDENCE FOR GC
    315 SOUTH FLAGLER DRIVE
    WEST PALM BEACH,FL33401     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    MARFA BALLROOM
    108 E SAN ANTONIO
    MARFA,TX79843     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 12,500
    MARFA PUBLIC RADIO
    111 SOUTH HIGHLAND AVENUE
    MARFA,TX79843     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 7,500
    MARGOUX'S MIRACLE FOUNDATION
    2601 MW 29TH DRIVE
    BOCA RATON,FL33434     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    MARY ALICE FORTIN CHILD CARE FOUNDATION
    PO BOX 4297
    WEST PALM BEACH,FL334024297     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 100,000
    MAURICE & WINIFRED GLOVER LA GRUA FOUNDATION
    PO BOX 342
    STONINGTON,CT06378     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    MCGIVNEY CENTER
    PO BOX 5220
    BRIDGEPORT,CT06610     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 45,000
    MSOA FOUNDATION
    1725 ECHO LAKE ROAD
    WEST PALM BEACH,FL33407     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    MYSTIC SEAPORT
    75 GREENMANVILLE AVENUE
    MYSTIC,CT06355     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 40,000
    NATIONAL CAMPAIGN TO STOP THE VIOLENCE
    910 17TH STREET NW SUITE 200
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    NATIONAL HIGH SCHOOL MUSIC THEATER AWARDS
    226 WEST 47TH STREET 9TH FLOOR
    NEW YORK,NY10036     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    NEW & FAR AID
    PO BOX 717
    SOUTHPORT,CT068900717     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    NEW HOPE CHARITIES INC
    626 NORTH DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 18,980
    NEW YORK PRESBYTERIAN HOSPITAL
    525 E 68TH STREET SUITE M328
    NEW YORK,NY100214870     		NONE HEALTH CARE INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    NORWALK COMMUNITY COLLEGE
    188 RICHARDS AVENUE
    NORWALK,CT06854     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 20,000
    NOTRE DAME HIGH SCHOOL
    220 JEFFERSON STREET
    FAIRFIELD,CT06432     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 30,000
    OUTWARD BOUND
    2582 RICEVILLE ROAD
    ASHEVILLE,NC28805     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    PALM BEACH ATLANTIC UNIVERSITY
    901 SOUTH FLAGLER DRIVE
    WEST PALM BEACH,FL33401     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    PALM BEACH DAY ACADEMY
    241 SEAVIEW AVENUE
    PALM BEACH,FL33480     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 34,000
    PALM BEACH OPERA
    415 SOUTH OLIVE AVENUE
    WEST PALM BEACH,FL33401     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    PALM BEACH ZOO
    1301 SUMMIT BLVD
    WEST PALM BEACH,FL334053098     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 15,000
    PATHWAYS INC
    33 DENISON PARKWAY WEST
    CORNING,NY14830     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL334092733     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    PERSON TO PERSON
    1864 POST ROAD
    DARIEN,CT06820     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    PETER PAN CHILDREN'S FUND
    PO BOX 388
    POUND RIDGE,NY10576     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 35,000
    PRESERVATION FOUNDATION OF PALM BEACH
    311 PERUVIAN AVENUE
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 22,000
    QUEBEC-LABRADOR FOUNDATION
    55 SOUTH MAIN STREET
    IPSWICH,MA01938     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 25,000
    SACRED HEART UNIVERSITY
    5151 PARK AVENUE
    FAIRFIELD,CT068251000     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 210,500
    SALVATION ARMY
    PO BOX 18459
    WEST PALM BEACH,FL334168459     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    SAN DIEGO STATE UNIVERSITY
    5500 CAMPANILE DRIVE
    SAN DIEGO,CA92182     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 5,000
    SHELBURNE MUSEUM
    US ROUTE 7
    SHELBURNE,VT05482     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 15,000
    SHELTER FOR THE HOMELESS
    PO BOX 1252
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    SHEPERDS INC
    PO BOX 320513
    FAIRFIELD,CT06432     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 20,000
    ST CATHERINE'S ACADEMY
    215 NORTH HARBOR BLVD
    ANAHEIM,CA92805     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    ST CLARE SCHOOL
    821 PROSPERITY FARMS ROAD
    NORTH PALM BEACH,FL33408     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 53,500
    ST EDWARDS SCHOOL
    1895 SAINT EDWARDS DRIVE
    VERO BEACH,FL32963     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 32,500
    ST JAMES CHURCH
    865 MADISON AVENUE
    NEW YORK,NY10021     		NONE CHURCH INSTITUTION CHARITABLE EXEMPT PURPOSE 50,000
    ST JOSEPH'S HIGH SCHOOL
    2320 HUNTINGTON TURNPIKE
    TRUMBULL,CT06611     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 25,000
    ST JUDES CHILDRENS HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN381059959     		NONE HEALTH CARE INSTITUT CHARITABLE EXEMPT PURPOSE 5,000
    ST LAWRENCE UNIVERSITY
    23 ROMODA DRIVE
    CANTON,NY13617     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    ST LUKE'S LIFEWORKS
    141 FRANKLIN STREET
    STAMFORD,CT06901     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    ST LUKE'S SCHOOL
    PO BOX 1148
    NEW CANAAN,CT06840     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 44,000
    ST VINCENT'S MEDICAL CENTER
    2800 MAIN STREET
    BRIDGEPORT,CT066064201     		NONE HEALTH CARE INSTITUT CHARITABLE EXEMPT PURPOSE 25,000
    SUMMER THEATER OF NEW CANAAN
    237 ELM STREET
    NEW CANAAN,CT06840     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    TEACH FOR AMERICA - CONNECTICUT
    142 TEMPLE STREET
    NEW HAVEN,CT06510     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 27,000
    THE BOY'S CLUB OF NEW YORK
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    THE BREAST CANCER RESEARCH FOUNDATION
    60 EAST 56TH STREET 8TH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    THE CHAPIN SCHOOL
    100 EAST END AVENUE
    NEW YORK,NY101300041     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    THE EQUUS FOUNDATION INC
    168 LONG LOTS ROAD
    WESTPORT,CT06880     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 750
    THE LAWRENCEVILLE SCHOOL
    2500 MAIN STREET
    LAWRENCEVILLE,NJ08648     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    THE PALM BEACH POLICE FOUNDATION
    350 SOUTH COUNTY ROAD SUITE 102
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    THE PEARLMAN MUSIC PROGRAM
    73 SHORE ROAD
    SHELTER ISLAND HTS,NY11965     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    THE WILBURN FELLOWSHIP
    11 FARM ROAD
    NEW CANAAN,CT06840     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    UNION HOSPITAL INC
    1606 N SEVENTH STREET
    TERRE HAUTE,IN478042780     		NONE HEALTH CARE INSTITUT CHARITABLE EXEMPT PURPOSE 1,790
    UNIVERSITY OF CENTRAL FLORIDA
    4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 20,000
    UNIVERSITY OF CONNECTICUT
    115 N EAGLEVILLE ROAD
    MANSFIELD,CT06268     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 40,000
    UNIVERSITY OF HARTFORD
    200 BLOOMFIELD AVENUE
    HARTFORD,CT06117     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 4,000
    UNIVERSITY OF MARY WASHINGTON
    1301 COLLEGE AVENUE
    FREDERICKSBURG,VA22401     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 5,000
    UNIVERSITY OF VERMONT
    85 SOUTH PROSPECT STREET
    BURLINGTON,VT05401     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 10,000
    WALKABOUT FOUNDATION
    75 HOLLY HILL LANE
    GREENWICH,CT06830     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 5,000
    WATERSIDE SCHOOL
    535 FAIRFIELD AVENUE
    STAMFORD,CT06902     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 85,000
    WESTERN CT STATE UNIVERSITY
    181 WHITE STREET
    DANBURY,CT06810     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 3,500
    WESTERN NEW ENGLAND COLLEGE SCHOOL OF LAW
    1215 WILBRAHAM ROAD
    SPRINGFIELD,MA01119     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 1,000
    WOMEN'S BUSINESS DEVELOPMENT CENTER
    8 SOUTH MICHIGAN AVENUE SUITE 400
    CHICAGO,IL60603     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    LAUREL HOUSE INC
    1616 WASHINGTON BLVD SUITE 1
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 200
    YOUNG ISRAEL OF GREAT NECK
    236 MIDDLE NECK ROAD
    GREAT NECK,NY10021     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 1,000
    YERWOOD CENTER
    90 FAIRFIELD AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY CHARITABLE EXEMPT PURPOSE 10,000
    YALE CENTER FOR FAITH & CULTURE
    157 CHURCH STREET
    NEW HAVEN,CT065102100     		NONE EDUCATIONAL INSTITUT CHARITABLE EXEMPT PURPOSE 15,000
    Total .................................bullet 3a 2,902,795
    bApproved for future payment
    Total ..................................bullet 3b 0
    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     14 863,465  
    4 Dividends and interest from securities....     14 280,752  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 58,824  
    bNot debt-financed property.....     16 487,430  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     18 2,804,626  
    8Gain or (loss) from sales of assets other than inventory     18 417,746  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,912,843 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    134,912,843
    (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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    THE WILLIAM H PITT FOUNDATION INC
     
    Employer identification number

    22-2570737
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    THE WILLIAM H PITT FOUNDATION INC
          		Employer identification number

    22-2570737
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    THE JEAN KELLER CARROS & ROBERT CARROS FOUNDATION
     

         
    400 ROYAL PALM WAY SUITE 304
       
    PALM BEACH, FL   33480

    		$850,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    THE WILLIAM H PITT FOUNDATION INC
          		Employer identification number

    22-2570737
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    THE WILLIAM H PITT FOUNDATION INC
          		Employer identification number

    22-2570737
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 66,000 52,800   6,600
    AUDIT 51,072 40,858   10,214

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

    TY 2010 DepreciationSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    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
    LAND - BEDFORD 2000-09-09 497,678   L   0 0    
    BUILDING - BEDFORD 2000-09-09 593,273 152,120 SL 39.000000000000 15,212 15,212    
    LAND IMPROVEMENTS - BEDFORD 2000-09-09 9,048 6,031 SL 15.000000000000 603 603    
    LAND - DANBURY 2000-09-09 316,462   L   0 0    
    BUILDING - DANBURY 2000-09-09 219,323 56,239 SL 39.000000000000 5,624 5,624    
    LAND IMPROVEMENTS - DANBURY 2000-09-09 14,215 9,479 SL 15.000000000000 948 948    
    LAND - DARIEN 2000-09-09 387,207   L   0 0    
    BUILDING - DARIEN 2000-09-09 202,142 51,830 SL 39.000000000000 5,183 5,183    
    LAND IMPROVEMENTS - DARIEN 2000-09-09 25,651 17,100 SL 15.000000000000 1,710 1,710    
    LAND - PARKWAY 2000-09-09 700,760   L   0 0    
    BUILDING - PARKWAY 2000-09-09 204,017 52,311 SL 39.000000000000 5,231 5,231    
    LAND IMPROVEMENTS - PARKWAY 2000-09-09 10,223 6,819 SL 15.000000000000 682 682    
    LAND - WESTPORT 2000-09-09 612,939   L   0 0    
    BUILDING - WESTPORT 2000-09-09 667,061 171,040 SL 39.000000000000 17,104 17,104    
    FURNITURE - FLORIDA 2004-02-12 10,000 4,641 SL 7.000000000000 359 0    
    FURNITURE - FLORIDA 2004-02-13 7,000 3,250 SL 7.000000000000 250 0    
    IMPROVEMENTS - FLORIDA 2002-10-01 14,155 14,155 SL 15.000000000000 0 0    
    IMPROVEMENTS - FLORIDA 2004-03-08 4,240 917 SL 15.000000000000 141 0    
    IMPROVEMENTS - FLORIDA 2004-03-23 57,080 12,369 SL 15.000000000000 1,903 0    
    IMPROVEMENTS - FLORIDA 2004-05-04 6,768 1,469 SL 15.000000000000 226 0    
    IMPROVEMENTS - FLORIDA 2005-03-01 10,000 3,668 SL 15.000000000000 667 0    
    LAND IMPROVEMENTS - DANBURY 2005-03-01 10,000 3,668 SL 15.000000000000 667 667    
    LAND IMPROVEMENTS - DANBURY 2006-03-01 12,820 3,847 SL 15.000000000000 855 855    
    LAND IMPROVEMENTS - DANBURY 2005-03-01 700 187 SL 15.000000000000 47 47    
    FURNITURE - FLORIDA 2006-01-01 14,269 6,878 SL 7.000000000000 2,038 0    
    IMPROVEMENTS - FLORIDA 2006-01-01 13,179 2,747 SL 15.000000000000 879 0    
    FURNITURE - FLORIDA 2008-09-30 8,193 1,243 SL 7.000000000000 585 0    
    FURNITURE - FLORIDA 2010-01-19 5,802 207 SL 7.000000000000 414 0    
    IMPROVEMENTS - FLORIDA 2009-11-05 19,670 328 SL 15.000000000000 656 0    

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JPMORGAN 0 0
    STATE STREET 2,151,772 2,151,772
    MATTINGLY HITTING PRODUCTS 50,000 50,000
    TD AMERITRADE 40,466 40,466

    TY 2010 InvestmentsLandSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - BEDFORD 497,678 0 497,678 0
    BUILDING - BEDFORD 593,273 167,332 425,941 0
    LAND IMPROVEMENTS - BEDFORD 9,048 6,634 2,414 0
    LAND - DANBURY 316,462 0 316,462 0
    BUILDING - DANBURY 219,323 61,863 157,460 0
    LAND IMPROVEMENTS - DANBURY 14,215 10,427 3,788 0
    LAND - DARIEN 387,207 0 387,207 0
    BUILDING - DARIEN 202,142 57,013 145,129 0
    LAND IMPROVEMENTS - DARIEN 25,651 18,810 6,841 0
    LAND - PARKWAY 700,760 0 700,760 0
    BUILDING - PARKWAY 204,017 57,542 146,475 0
    LAND IMPROVEMENTS - PARKWAY 10,223 7,501 2,722 0
    LAND - WESTPORT 612,939 0 612,939 0
    BUILDING - WESTPORT 667,061 188,144 478,917 0
    LAND IMPROVEMENTS - DANBURY 10,000 4,335 5,665 0
    LAND IMPROVEMENTS - DANBURY 12,820 4,702 8,118 0
    LAND IMPROVEMENTS - DANBURY 700 234 466 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LOEB MARATHON OFFSHORE FUND AT COST 5,028,797 5,028,797
    MARINER TRICADIA CREDIT STRATEGIES AT COST 4,236,268 4,236,258
    MARINER ATLANTIC FUND AT COST 9,308,407 9,308,407
    MARINER VOYAGER INTERNATIONAL AT COST 673,078 673,078
    TIPTREE FINANCIAL PARTNERS LP AT COST 4,876,208 4,909,326
    PALISADES MEDIA ASSET FUND LLC AT COST 25,583 65,390
    PALISADES OPPORTUNITIES FUND AT COST 494,711 500,000
    FIDELITY BUILDING COMPANY AT COST 2,284,014 3,300,000
    GUN MILL COMPANY AT COST 603,758 3,750,000
    QUARRY ROAD AT COST 11,138,290 21,450,000
    MARINER DOLPHIN SPECIAL OPPORTUNITY FUND AT COST 0 0
    SOUNDVIEW FARMS LLC AT COST 4,500,942 5,844,742

    TY 2010 LandEtcSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE - FLORIDA 10,000 10,000   0
    FURNITURE - FLORIDA 7,000 7,000   0
    IMPROVEMENTS - FLORIDA 14,155 14,155   0
    IMPROVEMENTS - FLORIDA 4,240 3,178 1,062 0
    IMPROVEMENTS - FLORIDA 57,080 42,812 14,268 0
    IMPROVEMENTS - FLORIDA 6,768 5,079 1,689 0
    IMPROVEMENTS - FLORIDA 10,000 4,335 5,665 0
    FURNITURE - FLORIDA 14,269 8,916 5,353 0
    IMPROVEMENTS - FLORIDA 13,179 3,626 9,553 0
    FURNITURE - FLORIDA 8,193 5,925 2,268 0
    FURNITURE - FLORIDA 5,802 3,522 2,280 0
    IMPROVEMENTS - FLORIDA 19,670 10,819 8,851 0


    TY 2010 LegalFeesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 837 837   0


    TY 2010 OtherAssetsSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 6,850 6,850 6,850


    TY 2010 OtherExpensesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 15,000 12,000   3,000
    BANK SERVICE CHARGES 160 128   32
    DUES & SUBSCRIPTIONS 4,921 589   4,332
    INVESTMENT FEES 130,520 130,520   0
    MISCELLANEOUS 4,960 3,968   992
    OFFICE & INTERNET 6,444 5,155   1,289
    POSTAGE 1,903 1,522   381
    CONTRIBUTIONS FROM PASS-THROUGH ENTITIES 3,162 0   3,162
    PORTFOLIO DEDUCTIONS FROM PASS-THROUGH ENTITIES 91,737 91,737   0
    NONDEDUCTIBLE EXPENSES FROM PASS-THROUGH ENTITIES 23,713 0   0
    ADMINISTRATIVE EXPENSES 51 51   0
    TELEPHONE 7,462 1,492   5,970
    UTILITIES 104 104   0
    INSURANCE 1,607 1,607   0
    UTILITIES 268 268   0
    OPERATING EXPENSES 131,746 131,746   0
    AMORTIZATION 8,914 8,914   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SECURITIES LITIGATION SETTLEMENTS 6,766 6,766 6,766
    LIQUIDATING TRUST FOR INVESTMENT 2,058 2,058 2,058
    TD AMERITRADE REBATE 500 500 500
    PUBLICLY-TRADED PARTNERSHIPS -4,303 -4,303 -4,303
    FIDELITY BUILDING COMPANY 139,722 139,722 139,722
    PUBLICLY-TRADED PARTNERSHIPS 87 87 87
    HUGOTON REALTY TRUST 3,145 3,145 3,145
    SAN JUAN BASIN ROYALTY TRUST 1,907 1,907 1,907
    GUN MILL COMPANY 58,894 58,894 58,894
    SOUNDVIEW FARMS LLC 367,172 367,172 367,172
    PALISADES MEDIA ASSET FUND LLC -38,359 -38,359 -38,359
    PALISADES MEDIA ASSET FUND LLC 241 241 241
    PALISADES OPPORTUNITIES FUND LLC -5,289 -5,289 -5,289
    QUARRY ROAD LOT 2 LLC 568,982 568,982 568,982
    QUARRY ROAD LOT 3 LLC 724,424 724,424 724,424
    TIPTREE FINANCIAL PARTNERS LP 5,595 5,595 5,595
    MARINER-DOLPHIN SPECIAL OPPORTUNITIES FUND LP -65 -65 -65
    UNREALIZED GAINS 965,906 0 965,906
    INERGY LP - ORDINARY INCOME 7,243 7,243 7,243


    TY 2010 OtherIncreasesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Description Amount
    PRIOR PERIOD ADJUSTMENT 337


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PENSION 250 25   225
    PROFESSIONAL FEES 1,800 1,800   0
    MANAGEMENT FEES 40,066 40,066   0


    TY 2010 SubstantialContributorsSch
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Name Address
    THE JEAN KELLER CARROS & ROBERT CARROS FOUNDATION
          		400 ROYAL PALM WAY SUITE 304
    PALM BEACH,FL33480


    TY 2010 TaxesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN: 22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 15,136 4,356   9,436
    FOREIGN TAXES WITHHELD 1,930 1,930   0
    LICENSES & FEES 83 83   0
    FEDERAL EXCISE TAX 58,095 0   0
    SEVERANCE TAXES 510 510   0
    TAXES & LICENSES 48,236 48,236   0