Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
Muna & Basem Hishmeh Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)1850 S Ocean Drive Room No Unit 310   Room/suite
City or town, state, and ZIP code
Hallandale Beach, FL33009
A Employer identification number

65-1270242
B Telephone number (see page 10 of the instructions)

(954) 458-1778
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$3,674,824J 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) 110,000
2 Check bullet
3 Interest on savings and temporary cash investments 180 180  
4 Dividends and interest from securities...... 77,833 77,833  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 97,057
b Gross sales price for all assets on line 6a 2,375,943
7 Capital gain net income (from Part IV, line 2)... 97,057
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 3  
12 Total. Add lines 1 through 11........ 285,073 175,073  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,002     5,002
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 59,928 59,928    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 3,663 663    
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 28,568 887   27,681
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,161 61,478   32,683
25 Contributions, gifts, grants paid........ 365,000 365,000
26 Total expenses and disbursements. Add lines 24 and 25 462,161 61,478   397,683
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -177,088
b Net investment income (if negative, enter -0-) 113,595
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.......... 255,688 105,838 105,838
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) 217,742 Click to see attachment212,357 220,498
b Investments—corporate stock (attach schedule)........ 3,382,463 Click to see attachment3,360,610 3,348,488
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,855,893 3,678,805 3,674,824
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 3,855,893 3,678,805
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,855,893 3,678,805
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,855,893 3,678,805
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 3,855,893
2 Enter amount from Part I, line 27a..................... 2 -177,088
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,678,805
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 3,678,805
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 Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,375,943   2,278,886 97,057
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       97,057
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 97,057
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 274,946 3,855,626 000.071310
2009 233,833 3,632,227 000.064377
2008 281,593 4,199,848 000.067048
2007 80,000 829,722 000.096418
2006 14,000 32,945 000.424951
2 Total of line 1, column (d) ...................... 2 000.724104
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. . . 		3 000.144821
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 3,885,823
5 Multiply line 4 by line 3....................... 5 562,749
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,136
7 Add lines 5 and 6......................... 7 563,885
8 Enter qualifying distributions from Part XII, line 4.............. 8 397,683
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 2,272
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 2,272
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 2,272
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 861
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,468
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 2329 7 2,329
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 57
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet57 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)bullet
    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 addressbullet  
    14
    The books are in care ofbulletMuna & Basem Hishmeh Foundation Telephone no.bullet (954) 458-1778
    Located atbullet1850 S Ocean Drive Unit 3104Hallendale BeachFL ZIP+4bullet33009
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........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). Click to see attachment
    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
    Yes
     
    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
    Basem L Hishmeh President / Director
    004.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Muna Hishmeh Director / Secretary
    002.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Robert Hishmeh Director / Treasurer
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Amal Ibrahimaj Vice President / Director
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    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
     
    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  
    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
    3,787,795
    b
    Average of monthly cash balances.......................
    1b
    157,203
    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
    3,944,998
    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
    3,944,998
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    59,175
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,885,823
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    194,291
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    194,291
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    2,272
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,272
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    192,019
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    192,019
    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
    192,019
    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 Click to see attachment..........
    1a
    397,683
    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
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    397,683
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    397,683
    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 7 192,019
    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....... 53,376
    d From 2009.......  
    e From 2010....... 84,609
    fTotal of lines 3a through e......... 137,985
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 397,683
    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..... 192,019
    e Remaining amount distributed out of corpus 205,664
    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 5 343,649
    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 ......     		343,649
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008.... 53,376
    c Excess from 2009....  
    d Excess from 2010.... 84,609
    e Excess from 2011.... 205,664
    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).)
    Basem L Hishmeh
    Muna Hishmeh
    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
    ARAB CMNTY CTR FOR ECNMC SCL SVCS
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A 509(a)(2) Free Craft Sundays 5,000
    ARAB CMNTY CTR FOR ECNMC SCL SVCS
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A 509(a)(2) SURA Arts Academy 10,000
    CUYAHOGA VALLEY YOUTH BALLET
    PO BOX 3131
    CUYAHOGA FLS,OH44223     		N/A 509(a)(2) Reach Out and Dance 2,500
    EDWARD SAID NAT'L CONSERVATORY OF M
    PO BOX 6676
    JERUSALEM PALESTINE   91666
    IS     		N/A 509(a)(1) Equivalenc Student Orchestra Program 195,000
    FREE ARTS FOR ABUSED CHILDREN OF NY
    1431 BROADWAY FL 7
    NEW YORK,NY10018     		N/A 509(a)(1) General Unrestricted 15,000
    NATIONAL DANCE INSTITUTE INC
    217 W 147TH ST
    NEW YORK,NY10039     		N/A 509(a)(1) The Irene Diamond Summer Institute 10,000
    NEW 42ND STREET INC
    229 W 42ND ST FL 10
    NEW YORK,NY10036     		N/A 509(a)(1) New Victory Childrens Education Program 15,000
    PHILHARMONIC-SYMPHONY SOCIETY OF NY
    10 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A 509(a)(1) Very Young Composers and Free Concerts 35,000
    RAWDAT EL-ZUHUR
    PO BOX 19796
    JERUSALEM PALESTINE    
    IS     		N/A Other Expenditure Responsibility Grant 20,000
    ROUNDABOUT THEATRE COMPANY INC
    231 W 39TH ST 1200
    NEW YORK,NY10018     		N/A 509(a)(1) EducationRound-about Development Program 15,000
    THE MUSICAL ARTS ASSOCIATION
    11001 EUCLID AVE
    CLEVELAND,OH44106     		N/A 509(a)(1) The Cleveland Orchestras Learning Through Music Program 2,500
    THE ORTHODOX CLUB
    PO BOX 761
    RAMALLAH PALESTINE    
    IS     		N/A Other Expenditure Responsibility Grant 15,000
    THE WILLIAM PATERSON UNIVERSITY OF
    300 POMPTON RD
    WAYNE,NJ07470     		N/A 509(a)(1) Paterson Middle School System Music Project and the Exchange Activities with ESNCM Program 25,000
    Total .................................bullet 3a 365,000
    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     14 180  
    4 Dividends and interest from securities....     14 77,833  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 97,057  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aForeign Tax Refund     01 3  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   175,073  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13175,073
    (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: 11000218
    Software Version: 2011.0.0
    Part VI Line 7 - Tax Paid Original Return: 2329


    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
    2011
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
     
    Employer identification number

    65-1270242
    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 on line H of its
    Form 990-EZ or on Part I, 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) (2011)

    Page 2
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part I
    Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    0001
     
     

    Hishmeh Basem L    
    1850 S Ocean Drive Unit 3104
       
    Hallandale Beach, FL   33009

    		$110,000




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 3
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part II
    Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (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) (2011)

    Page 4
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total 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 $  
    Use duplicate copies of Part III if additional space is needed
    (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) (2011)

    Additional Data


    Software ID: 11000218
    Software Version: 2011.0.0

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

    TY 2011 ExpenditureResponsibilityStmt
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Rawdat El-Zuhur PO Box 19796
    E Jerusalem Palestine   91017
    IS     		2009-03-23 20,000 Funding for the Music, Art and Drama Program. (Installment 1 of 2) 20,000 To the knowledge of the grantor, no funds have been diverted. 3/2/10   None necessary
    Rawdat El-Zuhur PO Box 19796
    E Jerusalem Palestine   91017
    IS     		2010-03-10 20,000 Funding for the Music, Art and Drama Program. (Installment 2 of 2) 20,000 To the knowledge of the grantor, no funds have been diverted. 40892   None necessary
    Rawdat El-Zuhur PO Box 19796
    E Jerusalem Palestine   91017
    IS     		2011-02-18 20,000 Funding for Music, Art and Drama Program for children with learning difficulties. 20,000 To the knowledge of the grantor, no funds have been diverted. 41156   None necessary
    Edward Said National Conservatory o P O Box 66676
    Jerusalem Palestine   91666
    IS     		2009-03-23 30,000 Funding for the Student Orchestra Program. (Installment 1 of 2) 30,000 To the knowledge of the grantor, no funds have been diverted. 40209   None necessary
    Edward Said National Conservatory o P O Box 66676
    Jerusalem Palestine   91666
    IS     		2010-03-10 30,000 Funding for the Student Orchestra Program. (Installment 2 of 2) 30,000 To the knowledge of the grantor, no funds have been diverted. 41172   None necessary
    First Ramallah Group PO Box 2017
    Ramallah Palestine    
    IS     		2009-03-23 35,000 Funding for school of dance. 35,000 To the knowledge of the grantor, no funds have been diverted. 3/4/10 and 10/3/12   None necessary
    First Ramallah Group PO Box 2017
    Ramallah Palestine    
    IS     		2010-03-10 35,000 Funding for school of dance. 35,000 To the knowledge of the grantor, no funds have been diverted. 41185   None necessary
    The Orthodox Club PO Box 761
    Ramallah Palestine    
    IS     		2010-04-15 15,000 Funding for children's dancing and musical programs. 15,000 To the knowledge of the grantor, no funds have been diverted. 41048   None necessary
    The Orthodox Club PO Box 761
    Ramallah Palestine    
    IS     		2011-02-18 15,000 Funding for children's dancing and musical programs. 15,000 To the knowledge of the grantor, no funds have been diverted. 41002   None necessary

    TY 2011 GeneralExplanationAttachment
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Identifier Return Reference Explanation

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    150 shares of 3M CO MMM 12,724 12,260
    570 shares of ABB LTD. ABB 12,787 10,733
    123 shares of ABBOTT LABS ABT 6,025 6,916
    680 shares of AES CORP AES 8,262 8,051
    875 shares of ALCOA INC. AA 11,925 7,569
    141 shares of ALLERGAN INC. AGN 11,798 12,371
    755 shares of ALLIANZ SE ADR AZSEY 13,027 7,150
    328 shares of ALTERA CORPORATION ALTR 8,362 12,169
    44 shares of AMAZON COM AMZN 9,074 7,616
    310 shares of AMERICA MOVIL SA AMX 8,289 7,006
    323 shares of AMERICAN ELECTRIC POWER INC. AEP 14,471 13,343
    831 shares of AMERICAN EXPRESS CO AXP 35,458 39,198
    173 shares of AMERICAN TOWER REIT INC AMT 8,263 10,382
    256 shares of AMERIPRISE FINANCIAL INC AMP 9,411 12,708
    343 shares of AMERISOURCEBERGEN CORP ABC 9,156 12,756
    85 shares of ANADARKO PETROLEUM CORP APC 4,447 6,488
    240 shares of ANHEUSER BUSCH INBEV SPONSORED ADR AHBIY 12,181 14,638
    20 shares of APACHE CORPORATION APA 2,460 1,812
    106 shares of APPLE INC. AAPL 16,878 42,930
    597 shares of ATT CORP COM NEW T 19,488 18,053
    335 shares of ATLAS COPCO AB A SHS ADR ATLKY 3,462 7,186
    205 shares of AUTOMATIC DATA PROCESSING INC. ADP 10,783 11,072
    41 shares of AUTOZONE INC AZO 6,095 13,324
    505 shares of AXA ADS AXAHY 16,812 6,494
    27 shares of BAIDU.COM - ADR BIDU 3,986 3,145
    230 shares of BAKER HUGHES INTL BHI 10,889 11,187
    816 shares of BANCO BILBAO ARG SA BBVA 16,928 6,993
    633 shares of BARCLAYS PLC ADR BCS 20,355 6,957
    145 shares of BAYER A G SPONSORED ADR BAYRY 10,715 9,251
    200 shares of BERKSHIRE HATHAWAY INC. CLASS B BRK-B 13,249 15,260
    209 shares of BG GROUP PLC ADS BRGYY 20,472 22,363
    375 shares of BHP BILLITON LIMITED BHP 26,573 26,486
    460 shares of BNP PARIBAS SPONS ADR BNPQY 20,901 9,039
    144 shares of BOEING CO BA 10,937 10,562
    160 shares of BRITISH AMERICAN TOBACCO PLC BTI 10,565 15,181
    366 shares of BROADCOM CORPORATION BRCM 12,619 10,746
    185 shares of BURBERRY GROUP PLC BURBY 8,085 6,852
    311 shares of CA INC. CA 5,857 6,288
    355 shares of CANON INC. CAJ 15,192 15,634
    391 shares of CAPITAL ONE FINANCIAL CORP COF 18,114 16,535
    147 shares of CATERPILLAR INC. CAT 9,887 13,318
    839 shares of CBS CORP CL B CBS 17,741 22,770
    125 shares of CELANESE CORPORATION CE 5,100 5,534
    440 shares of CENTRICA PLC S/ADR CPYYY 9,577 7,841
    211 shares of CHEVRON CORP CVX 17,648 22,450
    375 shares of CHINA CONSTRUCT UNSPON ADR CICHY 6,786 5,228
    2881 shares of CISCO SYSTEMS INC CSCO 50,834 52,089
    723 shares of CITIGROUP INC C 24,573 19,022
    89 shares of CLIFFS NATURAL RESOURCES INC. CLF 5,340 5,549
    42 shares of CNOOC LTD ADS CEO 6,362 7,337
    284 shares of COACH INC COH 8,668 17,335
    600 shares of COMCAST CORP CMCSK 9,706 14,136
    659 shares of COMCAST CORP CL A CMCSA 12,766 15,625
    1610 shares of COMPAGNIE FINANCIERE RICHEMONT SA CFRUY 8,364 8,082
    270 shares of CREDIT SUISSE GROUP ADR CS 12,925 6,340
    150 shares of CUMMINS INC CMI 11,216 13,203
    800 shares of CVS CAREMARK CORP. CVS 30,179 32,624
    516 shares of DANA HOLDING CP DAN 8,730 6,269
    284 shares of DANAHER CORP DHR 14,810 13,359
    255 shares of DBS GROUP HLDGS SPON ADR DBSDY 12,007 9,032
    1834 shares of DELL INC DELL 28,419 26,831
    368 shares of DENTSPLY INTERNATIONAL INC NEW XRAY 12,500 12,876
    172 shares of DEVON ENERGY CORPORATION DVN 11,122 10,664
    155 shares of DIAGEO PLC ADS DEO 11,594 13,550
    378 shares of DIRECTV GROUP DTV 14,481 16,163
    184 shares of DOLLAR TREE INC. DLTR 5,542 15,292
    225 shares of DOVER CORP DOV 14,911 13,061
    389 shares of DU PONT DE NEMOURS DD 14,149 17,808
    465 shares of DUKE ENERGY CO DUK 8,258 10,230
    105 shares of EATON CORP ETN 5,378 4,571
    225 shares of EBAY INC. EBAY 7,068 6,824
    1444 shares of EMC CORP-MASS EMC 28,947 31,104
    365 shares of ENDO PHARMACEUTICALS HOLDINGS INC. - COMMON STOCK ENDP 15,354 12,603
    140 shares of ENERGIZER HOLDINGS INC ENR 10,071 10,847
    452 shares of ENSCO PLC ESV 20,419 21,208
    455 shares of EXPEDIA INC EXPE 12,658 13,204
    149 shares of EXPRESS SCRIPTS HOLDING CO. ESRX 7,679 6,659
    500 shares of EXXON MOBIL CORP XOM 38,916 42,380
    131 shares of F5 NETWORKS, INC. FFIV 10,899 13,902
    295 shares of FANUC LIMITED UNSPONSORED FANUY 6,883 7,464
    265 shares of FOREST CITY ENTERPRISES CL A FCE-A 5,032 3,132
    293 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX 15,242 10,779
    125 shares of FRESENIUS MED CAR AG FMS 8,207 8,498
    486 shares of GAP INC. GPS 8,526 9,015
    158 shares of GARDNER DENVER INC GDI 12,953 12,175
    3010 shares of GENERAL ELECTRIC CO GE 58,476 53,910
    350 shares of GENERAL MILLS INC GIS 12,008 14,144
    252 shares of GENERAL MOTORS GM 6,198 5,108
    435 shares of GILEAD SCIENCES INC GILD 19,174 17,805
    305 shares of GLAXOSMITHKLINE PLC GSK 13,808 13,917
    97 shares of GOOGLE INC CL A GOOG 52,138 62,653
    200 shares of HALLIBURTON COMPANY HAL 9,332 6,902
    430 shares of HANG LUNG PROPERTIES-SP ADR HLPPY 8,697 6,106
    239 shares of HELMERICH PAYNE HP 11,245 13,948
    639 shares of HOLOGIC, INC HOLX 11,926 11,189
    754 shares of HOME DEPOT INC. HD 22,955 31,698
    355 shares of HONDA MOTOR CO LTD HMC 11,418 10,845
    422 shares of HONEYWELL INTERNATIONAL INC. HON 21,383 22,936
    525 shares of HSBC HLDGS PLC ADS HBC 30,606 20,003
    135 shares of IMPERIAL TOBACCO GRO ITYBY 7,794 10,171
    425 shares of INDUSTRIAL COM UNSP/ADR IDCBY 6,759 5,045
    1110 shares of ING GROUP N V SPONSORED ADR ING 8,841 7,959
    1445 shares of INTEL CORP INTC 27,080 35,041
    188 shares of INTERNATIONAL BUSINESS MACHINES IBM 23,520 34,569
    853 shares of INTERNATIONAL GAME TECHNOLOGY IGT 12,727 14,672
    288 shares of INTUIT INTU 13,182 15,146
    670 shares of JABIL CIRCUIT INC JBL 13,361 13,172
    547 shares of JOHNSON JOHNSON JNJ 35,003 35,872
    167 shares of JOY GLOBAL INC. JOY 6,895 12,520
    1283 shares of JP MORGAN CHASE CO JPM 53,916 42,660
    352 shares of KIMBERLY CLARK CORP KMB 22,780 25,893
    525 shares of KOMATSU LTD. KMTUY 9,114 12,401
    741 shares of KRAFT FOODS INC KFT 24,802 27,684
    295 shares of KUBOTA CP KUB 12,271 12,260
    935 shares of LAFARGE ADS LFRGY 26,818 8,116
    619 shares of LENNAR CORP LEN 7,448 12,163
    570 shares of LVMH MOET HENN UNSP LVMUY 13,559 16,017
    419 shares of MACYS INC M 13,539 13,483
    1060 shares of MARKS SPENCER GRP ADR MAKSY 11,653 10,091
    35 shares of MASTERCARD INC MA 11,941 13,049
    127 shares of MCDONALDS CORP MCD 10,334 12,742
    164 shares of MCKESSON CORP MCK 12,723 12,777
    242 shares of MEADWESTVACO CORP MWV 7,120 7,248
    427 shares of MEDTRONIC INC MDT 16,436 16,333
    168 shares of MERCK CO INC. MRK 6,125 6,334
    497 shares of METLIFE INC. MET 21,754 15,496
    1870 shares of MICROSOFT CORPORATION MSFT 51,505 48,546
    485 shares of MITSUBISHI CORP SPON MSBHY 22,262 19,434
    560 shares of MITSUBISHI ESTATE CO ADR MITEY 11,036 8,338
    411 shares of MONSANTO CO MON 30,308 28,799
    413 shares of MYLAN INC. MYL 7,461 8,863
    394 shares of NABORS INDUSTRIES LTD NBR 11,219 6,832
    191 shares of NATL OILWELL VARCO NOV 12,183 12,986
    415 shares of NESTLE S.A. NSRGY 17,602 23,950
    120 shares of NEWFIELD EXPLORATION CO NFX 5,224 4,528
    851 shares of NEWS CORP CL A NWS-A 13,941 15,182
    149 shares of NEWS CORP LTD CL A NWSA 2,448 2,658
    335 shares of NIDEC CORPORATION ADR NJ 5,478 7,229
    97 shares of NIKE INC-CL B NKE 9,017 9,348
    255 shares of NORDSTROM INC JWN 11,484 12,676
    300 shares of NOVARTIS AG ADR NVS 14,976 17,151
    1112 shares of ORACLE CORP ORCL 26,703 28,523
    210 shares of P P G IND PPG 12,358 17,533
    163 shares of PARKER HANNIFIN CP PH 11,343 12,429
    261 shares of PEABODY ENERGY CORP BTU 16,645 8,642
    190 shares of PEPSICO INC PEP 12,023 12,607
    324 shares of PETSMART INC. COM PETM 12,255 16,618
    2000 shares of PFIZER INC. PFE 39,700 43,280
    133 shares of PHILIP MORRIS INTL PM 9,311 10,438
    117 shares of PNC FINANCIAL GROUP INC. PNC 6,131 6,747
    163 shares of POLARIS INDUSTRIES PII 10,499 9,125
    70 shares of PRECISION CASTPARTS PCP 7,902 11,535
    251 shares of PROCTER GAMBLE CO PG 15,777 16,744
    635 shares of PRUDENTIAL PLC SC PUK 11,037 12,535
    498 shares of QUALCOMM INC QCOM 26,952 27,241
    260 shares of RAYTHEON CO. RTN 13,508 12,579
    169 shares of REED ELSEVIER N VSPONSORED ADR NEW ENL 3,625 3,922
    402 shares of RIO TINTO PLC SPONSORED ADR RIO 21,647 19,666
    300 shares of ROCHE HOLDING LTD ADR RHHBY 12,522 12,765
    139 shares of ROPER INDUSTRIES NEW COMMON ROP 11,283 12,075
    278 shares of ROSS STORES, INC. ROST 5,877 13,213
    414 shares of ROYAL DUTCH SHELL PLC RDS-A 27,234 30,259
    333 shares of SANDISK CORP SNDK 12,251 16,387
    380 shares of SANOFI-AVENTIS SPONSORED ADR SNY 15,362 13,885
    295 shares of SAP AKTIENGESELL ADS SAP 14,633 15,620
    393 shares of SCHLUMBERGER LTD SLB 25,654 26,846
    775 shares of SCHNEIDER ELEC UNSP/ADR SBGSY 13,153 8,145
    1000 shares of SHIN-ETSU CHEMICAL C SHECY 13,771 12,280
    175 shares of SIEMENS A G ADR SI 20,239 16,732
    975 shares of SOCIETE GENERALE FRANCE SCGLY.PK 11,323 4,251
    400 shares of SPECTRA ENERGY CORP-W/I SE 7,818 12,300
    2863 shares of SPRINT NXTEL CP S 11,245 6,699
    316 shares of STATE STREET CORPORATION STT 12,779 12,738
    271 shares of STRYKER CORPORATION SYK 13,609 13,471
    484 shares of SYMANTEC CORP SYMC 7,934 7,575
    876 shares of TAIWAN SEMICONDUCTOR MFG CO LTD TSM 8,904 11,309
    409 shares of TE CONNECTIVITY LTD TEL 10,440 12,601
    390 shares of TECHNIP ADS TKPPY 10,130 9,204
    236 shares of TEMPUR PEDIC INTERNATIONAL INC. TPX 14,062 12,397
    1334 shares of TENET HEALTHCARE CORP THC 5,538 6,843
    251 shares of TERADATA CORPORATION TDC 12,466 12,176
    516 shares of TEREX CORP TEX 10,999 6,971
    725 shares of TESCO PLC ADR TSCDY 17,424 13,659
    175 shares of TEVA PHARMECEUTICAL SP ADR TEVA 8,120 7,063
    696 shares of TEXTRON INC. TXT 14,160 12,869
    97 shares of THERMO FISHER SCIENTIFIC INC TMO 4,672 4,362
    210 shares of TIME WARNER INC. TWX 6,822 7,589
    335 shares of TOTAL FINA ELF S.A. TOT 22,601 17,122
    185 shares of TOYOTA MTR CORP TM 15,839 12,234
    684 shares of TRAVELERS COMPANIES INC THE TRV 34,811 40,472
    820 shares of TULLOW OIL PLC ADR UK TUWOY.PK 8,224 8,815
    280 shares of TYCO INTERNATIONAL LTD. TYC 10,538 13,079
    535 shares of UNILEVER N V N Y UN 15,333 18,388
    287 shares of UNION PACIFIC UNP 19,714 30,405
    275 shares of UNITED PARCEL SERVICE UPS 19,204 20,127
    343 shares of UNITED TECHNOLOGIES CORP UTX 24,538 25,070
    422 shares of UNITEDHEALTH GROUP INC. UNH 15,315 21,387
    28626 shares of UTS FTP GREATER CHINA PORT SER 25 UFGCP 299,991 214,123
    334 shares of VALERO ENERGY CORP NEW VLO 7,474 7,031
    154 shares of VIACOM INC. CL B VIA-B 7,784 6,993
    90 shares of VISA INC V 6,656 9,138
    1010 shares of VODAFONE GROUP PLC VOD 29,802 28,310
    485 shares of VOLKSWAGEN AG VLKPY 10,432 14,492
    350 shares of WAL-MART STORES INC. WMT 16,865 20,916
    540 shares of WALT DISNEY HOLDINGS CO. DIS 21,922 20,250
    525 shares of WASTE MANAGEMENT INC. WM 17,339 17,173
    361 shares of WEATHERFORD INTL NEW WFT 5,879 5,285
    143 shares of WELLPOINT INC WLP 10,107 9,474
    205 shares of WELLS FARGO CO. WFC 4,901 5,650
    412 shares of WESTERN DIGITAL CORP WDC 11,023 12,751
    225 shares of WPP GROUP PLC WPPGY 9,659 11,752
    2725 shares of XSTRATA PLC UNSP/ADR XSRAY 8,333 8,066
    309 shares of YAHOO INC YHOO 5,009 4,984
    585 shares of ZURICH INSURANCE GROUP AG ZURVY.PK 14,972 13,268

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    US Government Securities - End of Year Book Value:

    212,357
    US Government Securities - End of Year Fair Market Value:

    220,498
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 LegalFeesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Governance Matters and Counseling 5,002     5,002


    TY 2011 OtherExpensesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 27,681     27,681
    Bank Charges 887 887    


    TY 2011 OtherIncomeSchedule2
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign Tax Refund 3 3  


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 59,928 59,928    


    TY 2011 TaxesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2011 600 0 0 0
    Foreign Tax Paid 663 663 0 0
    IRS Tax Payment with 1st ext 2010 990T 2,400 0 0 0