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 07-01-2011 , and ending 06-30-2012
G
Check all that apply:
Name of foundation
THE FARKAS FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1720 BROWNS GAP TURNPIKE   Room/suite
City or town, state, and ZIP code
CHARLOTTESVILLE, VA22901
A Employer identification number

06-1593377
B Telephone number (see page 10 of the instructions)

(434) 823-2262
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$10,075,069J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 360,910 351,706  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,005,149
b Gross sales price for all assets on line 6a 5,300,224
7 Capital gain net income (from Part IV, line 2)...  
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 3,098 3,098  
12 Total. Add lines 1 through 11........ -641,141 354,804  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 30,000 30,000    
15 Pension plans, employee benefits....... 9,937 9,937    
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,145 3,145    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 12,255 12,255    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,239 49,239    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 104,576 104,576   0
25 Contributions, gifts, grants paid........ 456,230 456,230
26 Total expenses and disbursements. Add lines 24 and 25 560,806 104,576   456,230
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,201,947
b Net investment income (if negative, enter -0-) 250,228
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 339,931 1,502,986 1,502,986
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 275,424 Click to see attachment275,424 283,832
b Investments—corporate stock (attach schedule)........ 6,944,443 Click to see attachment3,551,405 3,934,534
c Investments—corporate bonds (attach schedule)........ 731,560 Click to see attachment908,042 908,554
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,640,234 Click to see attachment3,491,788 3,445,163
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,931,592 9,729,645 10,075,069
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 10,931,592 9,729,645
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,931,592 9,729,645
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,931,592 9,729,645
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 10,931,592
2 Enter amount from Part I, line 27a..................... 2 -1,201,947
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,729,645
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,729,645
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 1000 SHARES DOW CHEMICAL P 2006-01-25 2011-07-12
b 2500 QEP RESOURCES P 2010-06-16 2011-11-01
c 805 CANADIAN NATL RESOURCES P 2010-12-29 2012-04-25
d 325 NESTLE SPON ADR REP P 2010-01-29 2012-04-25
e 2005 UNILEVER NV NY P 2008-05-02 2012-04-25
350 WALT DISNEY CO HLDG P 2012-05-03 2012-05-09
260 ISHARES GOLD TRUST P 2012-05-04 2012-05-16
8000 PLC CAP TR P 2008-04-11 2012-06-19
2000 SHARES DOW CHEMICAL P 2008-04-11 2011-07-12
2500 QUESTAR CORP P 2010-06-16 2011-11-01
430 CDN PACIFIC RV LTD P 2008-05-20 2012-04-25
3395 NOBLE CORP P 2008-05-02 2012-04-25
2740 VALE P 2008-05-02 2012-04-25
330 WALT DISNEY CO HLDG P 2012-05-04 2012-05-09
175 PHILIP MORIS INT P 2012-05-03 2012-05-16
476 ROYAL DUTCH SHELL P 2008-04-11 2011-07-12
2000 PROCTOR AND GABLE P 2008-04-11 2012-02-02
485 CDN PACIFIC RV LTD P 2008-06-26 2012-04-25
1185 NOVARTIS AG P 2008-05-02 2012-04-25
285 VALE P 2010-12-07 2012-04-25
1200 CHARLES SCHWAB P 2012-05-03 2012-05-11
75000 US TSY BOND P 2012-05-03 2012-06-01
2000 SHARES OF TEXTRON P 2003-06-04 2011-07-12
4500 AMERICAN TOWER REIT P 2011-05-03 2012-03-02
195 CDN PACIFIC RV LTD P 2010-05-12 2012-04-25
400 PARTNERRE HLDG P 2008-05-02 2012-04-25
3810 WEATHERFORD INTERNATIONAL P 2008-05-02 2012-04-25
980 CHARLES SCHWAB P 2012-05-04 2012-05-11
3552 CHINA NATURAL GAS P 2010-04-12 2012-06-01
5000 SHARES OF TEXTRON P 2008-04-11 2011-07-12
3000 CENTURYLINK, INC P 2011-08-03 2012-03-02
315 CDN PACIFIC RV LTD P 2010-12-13 2012-04-25
945 POTASH CP OF SASKATCHEWAN P 2008-05-02 2012-04-25
80 YARA INTL ASA P 2008-05-02 2012-04-25
440 GENERAL DYNAMICS P 2012-05-03 2012-05-11
2950 CHINA NATURAL GAS P 2010-04-12 2012-06-01
500 SHARES OF WILLIAMS CO P 2008-04-11 2011-07-12
1700 ITRON, INC P 2011-01-12 2012-03-02
1720 COOPER INDUSTRIES P 2008-05-02 2012-04-25
1845 POTASH CP OF SASKATCHEWAN P 2008-12-29 2012-04-25
3462 JP MORGAN US LG CP P 2012-05-08 2012-05-02
1110 BIOGEN P 2012-05-03 2012-05-15
1498 CHINA NATURAL GAS P 2010-04-12 2012-06-01
4000 SHARES EMC CORP MASS P 2011-06-01 2011-09-07
940 AGRIUM P 2008-12-29 2012-04-25
490 CORE LABORATORIES P 2008-05-02 2012-04-25
1200 RIO TINTO PLC P 2008-05-02 2012-04-25
14JP MORGAN US LG CP P 2011-12-20 2012-05-02
25INTUITIVE SURGICAL P 2012-05-03 2012-05-15
65000 MICROSOFTG CORP P 2012-05-03 2012-06-07
2000 SHARES EMC CORP P 2011-05-26 2011-09-07
785 AXA ADS P 2008-05-02 2012-04-25
905 DIAGEO PLC P 2008-05-02 2012-04-25
1520 SCHLUMBERGER P 2008-05-02 2012-04-25
44 JP MORGAN US LG CP P 2008-12-22 2012-05-02
25 INTUITIVE SURGICAL P 2012-05-04 2012-05-15
195 UNTIED TECHNOLOGIES P 2012-05-03 2012-06-07
3000 CONSTELLATION ENERGY P 2011-01-12 2011-10-25
850 BSAF SE SP ADV P 2008-05-02 2012-04-25
705 ENSIGN ENERGY P 2008-05-02 2012-04-25
2590 SUNCOR ENERGY P 2008-05-02 2012-04-25
18 JP MORGAN US LG CP P 2009-12-21 2012-05-02
450 PEPSICO P 2012-05-03 2012-05-15
55 WALMART STORES P 2012-05-03 2012-06-07
932 EXXON MOBIL CORP P 2008-04-11 2011-10-25
1835 BHP BILLITON P 2008-05-02 2012-04-25
249 FIBRIA CELULOSE SA P 2009-11-30 2012-04-25
1475 TALISMAN ENERGY P 2008-05-02 2012-04-25
9 JP MORGAN US LG CP P 2010-12-20 2012-05-02
155 PHILIP MORRIS INT P 2012-05-03 2012-05-15
140 CHEVRON P 2012-05-03 2012-06-08
3000 ISHARES P 2011-03-02 2011-11-01
880 BRITISH AMER TOB P 2008-05-02 2012-04-25
200 FINNING INTL INC P 2010-12-21 2012-04-25
1405 TECK RESOURCES P 2008-05-02 2012-04-25
32741 MANAGERS AMG FQ GLOBAL P 2010-06-01 2012-05-02
170 UNTIED TECHNOLOGIES P 2012-05-03 2012-05-15
140 CHVVRON P 2012-05-04 2012-06-08
5000 PFIZER P 2011-04-11 2011-11-01
885 BROOKFIELD ASSET MGT P 2008-05-02 2012-04-25
1665 INGERSOLL-RAND P 2008-05-02 2012-04-25
2175 TENARIS SA P 2008-05-02 2012-04-25
7358 MANAGERS AMG FQ GLOBAL P 2010-08-19 2012-05-02
935 ISHARES GOLD TRUST P 2012-05-03 2012-05-16
30 CHEVRON P 2012-06-06 2012-06-08
1117 AVIAT NETWORKS P 2009-05-27 2011-11-01
595 BUNGE LTD P 2008-12-29 2012-04-25
765 MANULIFE FINANCIAL P 2008-05-02 2012-04-25
1285 TRANSOCEAN P 2008-05-02 2012-04-25
584 VANGUARD MSCI EMERGING P 2008-05-08 2012-05-02
805 ISHARES GOLD TRUST P 2012-05-03 2012-05-16
535 MCCORMACK AND CO P 2012-05-03 2012-06-12
1000 ORIENT EXPRESS P 2007-01-10 2011-11-01
1130 CANADIAN NATL RAILWAY CO P 2008-05-02 2012-04-25
3765 MABORS INDUSTRIALS P 2008-05-02 2012-04-25
270 TRICAN WELL P 2008-05-02 2012-04-25
240 T ROWE PRICE GROUP P 2012-05-03 2012-05-09
260 ISHARES GOLD TRUST P 2012-05-03 2012-05-16
3300 ZIONS BNCP P 2011-01-12 2012-06-15
2000 ORIENT EXPRESS P 2008-04-11 2011-11-01
1080 CANADIAN NATL RESOURCES P 2008-05-02 2012-04-25
1887 NESTLE SPON ADR REP P 2008-05-02 2012-04-25
1795 USB P 2008-05-02 2012-04-25
245 T ROWE PRICE GORUP P 2012-05-04 2012-05-09
675 ISHARES GOLD TRUST P 2012-05-04 2012-05-16
500 ZIONS BNCP P 2011-01-12 2012-06-15
(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 33,798   44,090 -10,292
b 85,561   84,561 1,000
c 25,900   35,862 -9,962
d 19,841   15,530 4,311
e 67,891   67,561 330
15,894   15,403 491
3,885   4,169 -284
200,000   191,200 8,800
67,595   77,020 -9,425
46,377   40,888 5,489
33,174   30,904 2,270
125,127   192,493 -67,366
61,822   108,653 -46,831
14,985   14,355 630
14,901   15,718 -817
32,943   34,610 -1,667
125,648   140,000 -14,352
37,418   32,715 4,703
64,892   60,512 4,380
6,430   9,869 -3,439
15,768   16,459 -691
83,912   75,292 8,620
43,971   36,753 7,218
281,012   239,671 41,341
15,044   11,727 3,317
26,989   29,676 -2,687
54,609   152,805 -98,196
12,877   13,279 -402
4,062   34,182 -30,120
109,927   285,800 -175,873
116,140   104,893 11,247
24,302   20,284 4,018
42,261   58,813 -16,552
3,768   5,813 -2,045
29,363   30,055 -692
3,703   28,389 -24,686
141,138   173,150 -32,012
76,357   100,094 -23,737
106,714   74,655 32,059
82,510   44,488 38,022
77,470   69,896 7,574
15,076   14,711 365
1,824   14,416 -12,592
86,733   115,392 -28,659
82,707   29,183 53,524
64,466   29,940 34,526
67,226   145,087 -77,861
305   267 38
13,896   14,553 -657
75,075   74,510 565
43,870   55,795 -11,925
11,296   29,971 -18,675
91,736   74,418 17,318
112,623   150,515 -37,892
979   565 414
13,897   14,241 -344
14,660   15,860 -1,200
112,289   97,244 15,045
70,064   59,651 10,413
10,024   15,076 -5,052
81,484   143,549 -62,065
421   342 79
30,440   30,092 348
3,623   3,244 379
74,010   82,594 -8,584
133,923   153,129 -19,206
2,010   3,771 -1,761
18,514   30,636 -12,122
208   190 18
13,251   13,922 -671
14,072   14,861 -789
81,046   102,042 -20,996
88,940   67,191 21,749
5,512   5,289 223
51,934   61,554 -9,620
304,163   350,000 -45,837
12,959   13,827 -868
14,072   14,648 -576
96,991   104,232 -7,241
28,622   30,311 -1,689
70,317   73,126 -2,809
80,216   116,781 -36,565
68,359   76,895 -8,536
13,971   14,896 -925
3,016   2,967 49
2,085   5,965 -3,880
39,731   29,141 10,590
10,224   30,063 -19,839
63,487   193,383 -129,896
22,123   29,941 -7,818
12,028   12,825 -797
30,003   29,950 53
7,709   46,554 -38,845
95,026   61,380 33,646
64,185   144,572 -80,387
3,768   5,896 -2,128
14,374   14,782 -408
3,885   4,142 -257
82,500   91,773 -9,273
15,418   83,500 -68,082
34,748   45,937 -11,189
115,199   89,505 25,694
22,530   62,716 -40,186
14,673   14,864 -191
10,086   10,823 -737
12,500   13,890 -1,390
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       -10,292
b       1,000
c       -9,962
d       4,311
e       330
      491
      -284
      8,800
      -9,425
      5,489
      2,270
      -67,366
      -46,831
      630
      -817
      -1,667
      -14,352
      4,703
      4,380
      -3,439
      -691
      8,620
      7,218
      41,341
      3,317
      -2,687
      -98,196
      -402
      -30,120
      -175,873
      11,247
      4,018
      -16,552
      -2,045
      -692
      -24,686
      -32,012
      -23,737
      32,059
      38,022
      7,574
      365
      -12,592
      -28,659
      53,524
      34,526
      -77,861
      38
      -657
      565
      -11,925
      -18,675
      17,318
      -37,892
      414
      -344
      -1,200
      15,045
      10,413
      -5,052
      -62,065
      79
      348
      379
      -8,584
      -19,206
      -1,761
      -12,122
      18
      -671
      -789
      -20,996
      21,749
      223
      -9,620
      -45,837
      -868
      -576
      -7,241
      -1,689
      -2,809
      -36,565
      -8,536
      -925
      49
      -3,880
      10,590
      -19,839
      -129,896
      -7,818
      -797
      53
      -38,845
      33,646
      -80,387
      -2,128
      -408
      -257
      -9,273
      -68,082
      -11,189
      25,694
      -40,186
      -191
      -737
      -1,390
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 -1,005,149
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 6,618
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 663,187 10,305,506 0.064353
2009 518,980 10,018,732 0.051801
2008 242,546 8,205,529 0.029559
2007 252,270 3,541,559 0.071231
2006 40,000 1,015,282 0.039398
2 Total of line 1, column (d) ...................... 2 0.256342
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 0.051268
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 9,042,859
5 Multiply line 4 by line 3....................... 5 463,609
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,502
7 Add lines 5 and 6......................... 7 466,111
8 Enter qualifying distributions from Part XII, line 4.............. 8 658,164
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,502
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 2,502
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 2,502
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 490
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.............. 7 490
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,018
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCT
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGAIL MUNGER Telephone no.bullet (434) 823-2262
    Located atbullet1720 BROWNS GAP TURNPIKECHARLOTTESVILLEVA ZIP+4bullet22901
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GAIL MUNGERClick to see attachment TRUSTEE
    14.00     		0 0 0
    1720 BROWNS GAP TURNPIKE
    CHARLOTTESVILLE,VA22901
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............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)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,042,859
    b
    Average of monthly cash balances.......................
    1b
    889,952
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,932,811
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,932,811
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    889,952
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,042,859
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    452,143
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    452,143
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    2,502
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,502
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    449,641
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    449,641
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    449,641
    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
    456,230
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    201,934
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    658,164
    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
    2,502
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    655,662
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 449,641
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010....... 34,148
    fTotal of lines 3a through e......... 34,148
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 658,164
    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..... 449,641
    e Remaining amount distributed out of corpus 208,523
    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 5 242,671
    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) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		242,671
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010.... 34,148
    e Excess from 2011.... 208,523
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ASH LAWN OPERA FESTIVAL
    PO BOX 2498
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 15,000
    BIG BROTHERS BIG SISTERS OF THE
    CENTRAL BLUE RIDGE
    201 E MAIN STREET
    SUITE K
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    BLUE RIDGE AREA
    FOOD BANK NETWORK
    PO BOX 937
    VERONA,VA244820937     		NONE CHARITY GENERAL 15,000
    CENTER FOR NONPROFIT
    EXCELLENCE
    PO BOX 5652
    CHARLOTTESVILLE,VA22905     		NONE CHARITY GENERAL 10,000
    CHARLOTTESVILLE & UNIVERSITY
    SYMPHONY ORCHESTRA
    PO BOX 4206
    CHARLOTTESVILLE,VA22905     		NONE CHARITY GENERAL 15,000
    CHARLOTTESVILLE FREE
    CLINIC
    1138 ROSE HILL DRIVE
    SUITE 200
    CHARLOTTESVILLE,VA229035128     		NONE CHARITY GENERAL 25,000
    CHARLOTTESVILLE-ALBEMARLE
    SPCA
    3355 BERKMAR DRIVE
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 10,000
    CHILDREN YOUTH AND
    FAMILY SERVICES
    1000 E HIGH STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 5,000
    CROZET VOLUNTEER
    FIRE DEPARTMENT
    PO BOX 696
    CROZET,VA22932     		NONE CHARITY GENERAL 10,000
    HABITAT FOR HUMANITY OF
    GREATER CHARLOTTESVILLE
    501 GROVE AVENUE
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    HOSPICE OF THE PIEDMONT
    675 PETER JEFFERSON PKWY
    SUITE 300
    CHARLOTTESVILLE,VA22911     		NONE CHARITY GENERAL 25,000
    JEFFERSON AREA BOARD
    FOR AGING
    674 HILLSDALE DRIVE
    SUITE 9
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 5,000
    KLUGE CHILDREN'S REHABILITATION
    CENTER
    2270 IVY ROAD
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 25,000
    LEARNING ALLY
    3500 REMSON COURT
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 10,000
    LEGAL AID JUSTICE CENTER
    1000 PRESTON AVENUE
    SUITE A
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 20,000
    LITERACY VOLUNTEERS OF
    CHARLOTTESVILLE/ALBEMARLE
    PO BOX 1156
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    LIVE ARTS
    PO BOX 1231
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 5,000
    MAMTA FOUNDATION
    21011 ROSTORMEL COURT
    ASHBURN,VA20147     		NONE CHARITY GENERAL 10,000
    MARTHA JEFFERSON HOSPITAL
    FOUNDATION
    459 LOCUST AVENUE
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 20,000
    MEALS ON WHEELS
    CHARLOTTESVILLE/ALBEMARLE
    2270 IVY ROAD
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 15,000
    METROPOLITAN OPERA
    30 LINCOLN CENTER
    NEW YORK,NY10023     		NONE CHARITY GENERAL 10,000
    NEW COLLEGE FOUNDATION
    1960 SOCIETY
    5800 BAY SHORE ROAD
    SARASOTA,FL34243     		NONE CHARITY GENERAL 15,000
    PIEDMONT CASA
    PO BOX 603
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    PLANNED PARENTHOOD
    HEALTH SYSTEMS
    2964 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 10,000
    SENIOR CENTER
    1180 PEPSI PLACE
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 5,000
    THE HAVEN
    112 WEST MARKET STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    THE PARAMOUNT THEATER
    OF CHARLOTTESVILLE
    215 EAST MAIN STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 36,230
    UNIVERSITY OF ILLINOIS FOUNDATION
    2530 UNIVERSITY HALL
    MC102 601 SOUTH MORGAN
    CHICAGO,IL606077128     		NONE CHARITY GENERAL 25,000
    UVA FUND
    OLLI
    1160 PEPSI PLACE
    SUITE 114B
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 25,000
    UVA HEALTH SREVICES FND
    CANCER CENTER
    PO BOX 800773
    CHARLOTTESVILLE,VA229080773     		NONE CHARITY GENERAL 10,000
    UVA TEEN CENTER
    PO BOX 80042
    CHARLOTTESVILLE,VA22908     		NONE CHARITY GENERAL 15,000
    VIRTU FOUNDATION
    PO BOX 5212
    CHARLOTTESVILLE,VA22905     		NONE CHARITY GENERAL 5,000
    WESTERN ALBEMARLE
    RESCUE SQUAD
    PO BOX 188
    CROZET,VA22932     		NONE CHARITY GENERAL 10,000
    Total .................................bullet 3a 456,230
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 328,665 32,245
    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.....     18 3,098  
    8Gain or (loss) from sales of assets other than inventory     18 -1,005,149  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL TAX REFUND          
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -673,386 32,245
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-641,141
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GREENBERG, ROSENBLATT KULL & BIT 395 395    
    ROBINSON, FARMER, COX 2,750 2,750    

    TY 2011 CompensationExplanation
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Person Name Explanation
    GAIL MUNGER  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BARKLEYS TRIGGER PLUS CURRENCIES 100,000 106,150
    LIBERTY MEDIA CORP GROUP 104,510 103,000
    MS 95% PRINC PROTECTED CURRENCY LINK 213,970 196,000
    ONB CAP TRUST II - DONATED    
    PHILIP MORRIS INTL INC 73,599 73,450
    PLC CAP TR III 7.5% 8/22/31 -DONATED    
    SUSQUEHANNA CAP 9.375% 12/12/57 DON. 205,360 204,800
    NATIONAL CITY PREF. CAP 12% 12/31/49    
    WACHOVIA CAPTL TRUST 135,000 143,250
    WAL-MART STORES 75,603 76,302
    UNPAID ACCRUED INTEREST   5,602

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC IRELAND PLC 33,245 31,547
    BERKSHIRE HATHAWAY CL-B 45,120 46,248
    AMARIN CORP 61,390 72,300
    AGRIUM INC    
    AMERICAN TOWER CP CLASS A    
    AMERICAN WATER WORKS CO 116,708 171,400
    APPLE INC 76,487 175,200
    APPLE INC 60,741 146,000
    AVIAT NETWORKS    
    AXA    
    BASF    
    BCE INC 194,641 288,400
    BHP BILLION LTD    
    BRISTOL MYERS SQUIBB 40,038 71,900
    BRITISH AMERICAN    
    BROOKFIELD ASSET MGNT CL A LTD    
    BUNGE LTD    
    CANADIAN NATIONAL RAILWAY CO    
    CANADIAN NATURAL RESOURCES LTD    
    CANADIAN NATURAL RESOURCES LTD    
    CDN PACIFIC RY LTD    
    CDN PACIFIC RY LTD    
    CHINA NATURAL GAS    
    CISCO SYS INC 30,298 30,048
    CLEARSTORY SYSTEMS INC-DONATED 7,586 190
    COCA COLA 31,674 32,058
    COLGATE PALMOLIVE CO 110,918 124,920
    CONSTELLATION ENERGY GP INC    
    CONSTELLATION ENERGY GP INC    
    COOPER INDUSTRIES    
    CORE LABORATORIES    
    COSTCO WHOLESALE CORP 44,044 49,400
    C R BARD INC 29,986 32,232
    CUMMINGS 34,491 31,011
    DIAGEO    
    DOW CHEMICAL CO    
    DOW CHEMICAL CO.-DONATED    
    EMC CORP MASS    
    EMC CORP MASS    
    ENSIGN ENERGY SERVICES    
    EXELON CORP 47,850 52,480
    EXXON MOBIL CORP-DONATED 44,636 44,496
    FIBRIA CELULOSE SA    
    FINNING INTL INC COM NEW    
    INGERSOLL RAND PLC    
    IRON MOUNTAIN INC 111,541 118,656
    ISHARES GOLD TRUST 12,907 12,526
    ISHARES GOLD TRUST IAU 80,900 77,800
    ISHARES MSCI CANADA INDEX FD    
    ISHARES S&P MIDCAP 400 INDEX 122,360 150,672
    ITRON INC 68,967 49,488
    ITRON INC    
    JOHNSON AND JOHNSON 44,665 46,279
    JP MORGAN CHASE 8.6255 200,000 217,040
    LIBERITY MEDIA CAP A 47,061 52,746
    LIBERTY MEDIA 79,305 87,910
    MANULIFE FINANCIAL CORP    
    MARATHON OIL CO 102,895 96,060
    MC DONALDS CORP 47,304 44,708
    MERCK & CO 29,771 30,686
    METLIFE INC-DONATED 159,360 198,000
    MICROSOFT CORP 32,644 31,661
    NABORS INDUSTRIES LTD    
    NESTLE    
    NESTLE SPON ADR REP REG SHR 242,339 253,298
    NOBLE CORPORATION    
    NOVARTIS    
    OASIS PETROLEUM 17,870 14,387
    ORIENT EXPRESS HTL LTD CI A    
    ORIENT EXPRESS HTL LTD CI A-DONATED    
    PARTNERRE HOLDINGS    
    PERMANENT PORTFOLIO INC    
    PFIZER INC    
    POTASH CP OF SASKATCHEWAN INC    
    PROCTOR & GAMBLE-DONATED    
    PROSHARES ULTRASHORT S & P-500 266,136 158,790
    QEP RESOURCES INC    
    QUESTAR CORP    
    RIO TINTO    
    ROYAL DUTCH SHELL PLC-DONATED    
    SCHLUMBERGER LTD    
    SMUCKER JAM CO-DONATED 966 1,510
    SPDR BARCLAYS CAPITAL HIGH YIE 160,809 157,840
    SPDR GOLD 44,483 43,453
    SUNCOR ENERGY INC    
    TALISMAN ENERGY INC 100,912 68,760
    TARGA RESOURCES CP 106,305 128,100
    TECK RESOURCES LTD    
    TENARIS    
    TEXTRON INC    
    TEXTRON INC-DONATED    
    TRANSOCEAN INC    
    TRAVELERS COMPANIES INC-DONATED 592 766
    TRICAN WELL SERVICES    
    UBS AG    
    UNILEVER    
    VALE S.A.    
    VALE S.A.    
    VANGUARD EMERGINIG MARKETS    
    VODAFONE 112,473 112,720
    WAL MART 26,559 31,374
    WEATHERFORD INTL LTD    
    WESTPORT INNOVATIONS INC 211,872 257,250
    WILLIAMS CO INC-DONATED 110,556 92,224
    YARA INTL    
    ZIONS BNCP 11.000 SERS E    
    ZIONS BNCP 11.000 SERS E    

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    US Government Securities - End of Year Book Value:

    275,424
    US Government Securities - End of Year Fair Market Value:

    283,832
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTIO ITNL EQUITY FUND II      
    CONTINGENT INCOME CD DUE 3/28/19 AT COST    
    DIAMOND HILL LONG SHORT FUND      
    DOUBLE LINE TOTAL RETURN AT COST 225,192 224,991
    DYNAMIC REALTY LLC AT COST 211,440 211,440
    FIDELITY ADV SMALL CAP FUND      
    FORWARD TACTICAL GROWTH AT COST 351,824 353,115
    HENDERSON INTL OPPORTUNITIES FUND      
    JENNISON 20/20 FOCUS FUND      
    JENNISON NATL RESOURCES FUND      
    JP MORGAN STRAT INC OPP SEL AT COST 184,004 184,804
    JP MORGAN STRAT INC OPPORT FUND AT COST 220,537 222,438
    JP MORGAN US LARGE CAP FUND AT COST    
    MANAGERS AMG FQ GLOBAL ALT AT COST    
    PERMANENT PORTFOLIO AT COST 331,697 388,990
    PIMCO ALL ASSET ALL AUTHOR FUND AT COST 113,158 110,392
    PIMCOM LOW DURATION FUND AT COST 318,163 318,352
    PIMCO REAL RETURN FUND AT COST 132,707 144,981
    PIMCO STOCKPLUS STRAG A AT COST 409,992 366,356
    PIMCO STOCKPLUS TR SH STRAG A AT COST 363,072 272,094
    PIMCO UNRESTRAINED BOND P AT COST 223,612 227,407
    PIMCO UNCONSTRAINED BD AT COST 209,221 215,811
    VAN ECK INT'L INV GOLD FUND AT COST 65,699 55,248
    WESTERN ASSET CORE INC BOND FUND AT COST 131,470 148,744

    TY 2011 OtherExpensesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT FEES 51,923 51,923    
    POSTAGE 92 92    
    OFFICE SUPPLIES 89 89    
    OTHER CREDITS ON COMMISSIONS -2,865 -2,865    


    TY 2011 OtherIncomeSchedule2
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DYNAMIC REALTY LLC 2,659 2,659  
    OTHER INCOME 439 439  


    TY 2011 TaxesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN: 06-1593377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 11,304 11,304    
    VIRGINIA EMPLOYMENT COMISSION 951 951