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
World Education Foundation
 
% GARY HATFIELD
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 27395   Room/suite
City or town, state, and ZIP code
Omaha, NE68127
A Employer identification number

20-0634413
B Telephone number (see page 10 of the instructions)

(402) 505-9644
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$3,331,407J 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) 323,575
2 Check bullet
3 Interest on savings and temporary cash investments 25,039 25,039  
4 Dividends and interest from securities...... 88,318 88,318  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -29,199
b Gross sales price for all assets on line 6a 4,232,291
7 Capital gain net income (from Part IV, line 2)... 0
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 267 267  
12 Total. Add lines 1 through 11........ 408,000 113,624  
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).........        
b Accounting fees (attach schedule)....... 1,516 0 0 0
c Other professional fees (attach schedule).... Click to see attachment 89,506 8,506    
17 Interest............... 486 486    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 111,928 111,918    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,000      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 613 395    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 222,049 121,305 0 0
25 Contributions, gifts, grants paid........ 714,427 714,427
26 Total expenses and disbursements. Add lines 24 and 25 936,476 121,305 0 714,427
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -528,476
b Net investment income (if negative, enter -0-) 0
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............... 203,532    
2 Savings and temporary cash investments..........      
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).................... 8,878 8,878 8,878
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)      
b Investments—corporate stock (attach schedule)........ 1,994,216 Click to see attachment2,055,989 2,010,001
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)........... 1,658,890 Click to see attachment1,312,528 1,312,528
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) 3,865,516 3,377,395 3,331,407
Liabilities 17 Accounts payable and accrued expenses.......... 2,000 27,500
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)   Click to see attachment56,151
23 Total liabilities (add lines 17 through 22).......... 2,000 83,651
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......... 428,568 428,568
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,434,948 2,865,176
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,863,516 3,293,744
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,865,516 3,377,395
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 3,863,516
2 Enter amount from Part I, line 27a..................... 2 -528,476
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 5,046
4 Add lines 1, 2, and 3.......................... 4 3,340,086
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 46,342
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,293,744
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 PIMCO DEVELOPING LOCAL MARKETS P 2010-08-26 2011-02-15
b PIMCO DEVELOPING LOCAL MARKETS P 2011-01-04 2011-02-15
c PIMCO DEVELOPING LOCAL MARKETS P 2011-02-02 2011-02-15
d PIMCO TOTAL RETURN P 2010-08-26 2011-02-15
e PIMCO TOTAL RETURN P 2010-08-26 2011-04-01
PIMCO TOTAL RETURN P 2011-02-02 2011-04-01
PIMCO TOTAL RETURN P 2010-08-26 2011-04-27
PIMCO TOTAL RETURN   2010-12-10 2011-04-27
PIMCO TOTAL RETURN   2010-12-10 2011-04-27
PIMCO TOTAL RETURN   2011-01-04 2011-04-27
PIMCO TOTAL RETURN   2011-03-02 2011-04-27
PIMCO TOTAL RETURN   2011-04-04 2011-04-27
IVA INTERNATIONAL   2010-08-26 2011-05-11
IVA INTERNATIONAL   2010-11-11 2011-05-11
IVA INTERNATIONAL   2010-12-17 2011-05-11
IVA INTERNATIONAL   2010-12-17 2011-05-11
IVA INTERNATIONAL   2010-12-17 2011-05-11
IVA INTERNATIONAL   2011-03-01 2011-05-11
TORTOISE ENERGY INFRASTRUCTURE   2011-03-14 2011-06-14
ISHARES RUSSELL 1000 INDEX   2011-04-27 2011-07-08
ISHARES RUSSELL 1000 INDEX   2011-05-23 2011-07-08
ISHARES RUSSELL 1000 INDEX   2011-05-23 2011-10-25
ISHARES RUSSELL 2000 INDEX   2011-05-04 2011-10-25
CELGENE CORPORATION   2010-08-30 2011-02-17
CTRIP.COM INTERNATIONAL LTD.   2010-08-30 2011-02-17
HDFC BANK LTD.   2010-08-30 2011-02-17
HDFC BANK LTD.   2010-11-15 2011-02-17
RESMED, INC.   2010-12-15 2011-02-17
RIVERBED TECHNOLOGY INC.   2011-01-18 2011-02-17
PRICELINE.COM, INC.   2011-02-17 2011-03-01
F5 NETWORKS, INC.   2011-02-17 2011-03-02
VANCEINFO TECHNOLOGIES INC.   2010-08-30 2011-03-08
VANCEINFO TECHNOLOGIES INC.   2011-02-17 2011-03-08
COGNIZANT TECH SOLUTIONS CORP.   2011-02-17 2011-03-10
GREEN MOUNTAIN COFFEE ROASTERS INC   2011-02-17 2011-03-10
GREEN MOUNTAIN COFFEE ROASTERS INC   2011-02-17 2011-03-11
NETAPP INC.   2010-08-30 2011-03-17
NETAPP INC.   2011-02-17 2011-03-17
AMAZON.COM   2011-02-17 2011-03-18
SILICON LABORATORIES INC.   2010-12-14 2011-04-05
SILICON LABORATORIES INC.   2011-02-17 2011-04-05
BAIDU.COM-ADR   2011-02-17 2011-04-07
ROVI CORP   2011-02-17 2011-04-12
GOOGLE, INC.   2011-02-17 2011-04-18
GOOGLE, INC.   2010-08-30 2011-04-20
OPENTABLE INC.   2011-02-17 2011-04-28
FREEPORT-MCMORAN COPPER & GOLD   2011-02-17 2011-05-12
SXC HEALTH SOLUTIONS CORPORATION   2011-02-17 2011-05-12
T. ROWE PRICE GROUP   2011-02-17 2011-05-20
COGNIZANT TECH SOLUTIONS CORP.   2010-08-30 2011-05-23
MERCADOLIBRE INC.   2011-02-17 2011-06-07
MERCADOLIBRE INC.   2011-04-07 2011-06-07
SINA CORPORATION   2011-04-14 2011-06-08
OASIS PETROLEUM INC.   2011-01-13 2011-06-14
OASIS PETROLEUM INC.   2011-02-17 2011-06-14
BAIDU.COM-ADR   2010-11-15 2011-06-16
BAIDU.COM-ADR   2011-02-17 2011-06-16
APPLE COMPUTER, INC.   2011-02-17 2011-06-17
GREEN MOUNTAIN COFFEE ROASTERS INC   2010-08-30 2011-07-07
GREEN MOUNTAIN COFFEE ROASTERS INC   2011-02-17 2011-07-07
CHIPOTLE MEXICAN GRILL INC. A   2011-02-17 2011-07-21
GREEN MOUNTAIN COFFEE ROASTERS INC   2010-08-30 2011-08-05
MERCADOLIBRE INC.   2010-08-30 2011-08-05
MERCADOLIBRE INC.   2011-02-17 2011-08-05
EDWARDS LIFESCIENCES CORPORATION   2011-04-21 2011-08-09
EDWARDS LIFESCIENCES CORPORATION   2011-04-29 2011-08-09
EDWARDS LIFESCIENCES CORPORATION   2011-05-12 2011-08-09
BE AEROSPACE   2010-11-05 2011-08-10
BE AEROSPACE   2011-02-17 2011-08-10
ROCKWELL AUTOMATION   2011-02-17 2011-08-10
F5 NETWORKS, INC.   2010-08-30 2011-08-17
SXC HEALTH SOLUTIONS CORPORATION   2011-02-17 2011-08-18
T. ROWE PRICE GROUP   2011-02-17 2011-08-18
SALESFORCE.COM INC.   2010-08-30 2011-08-19
SALESFORCE.COM INC.   2011-02-17 2011-08-19
PRICELINE.COM, INC.   2011-02-17 2011-08-22
ACCRETIVE HEALTH INC.   2011-03-09 2011-08-24
COGNIZANT TECH SOLUTIONS CORP.   2010-08-30 2011-08-26
NETAPP INC.   2010-08-30 2011-08-29
CARBO CERAMICS INC.   2011-02-17 2011-09-02
INFORMATICA CORPORATION   2011-06-02 2011-09-06
INFORMATICA CORPORATION   2011-06-20 2011-09-06
ROCKWELL AUTOMATION   2011-01-19 2011-09-06
ROCKWELL AUTOMATION   2011-02-17 2011-09-06
JONES LANG LASALLE INC.   2011-02-17 2011-09-09
SOUTHWESTERN ENERGY CO   2011-03-18 2011-09-13
JONES LANG LASALLE INC.   2010-11-05 2011-09-14
JONES LANG LASALLE INC.   2011-01-05 2011-09-14
JONES LANG LASALLE INC.   2011-02-17 2011-09-14
NETFLIX, INC.   2011-03-10 2011-09-20
FREEPORT-MCMORAN COPPER & GOLD   2011-02-17 2011-09-21
SINA CORPORATION   2011-02-17 2011-09-21
SINA CORPORATION   2011-04-14 2011-09-21
ROCKWOOD HOLDINGS INC.   2011-03-01 2011-09-22
ROCKWOOD HOLDINGS INC.   2011-03-22 2011-09-22
T. ROWE PRICE GROUP   2010-10-06 2011-09-22
T. ROWE PRICE GROUP   2011-01-03 2011-09-22
CARBO CERAMICS INC.   2010-12-08 2011-09-29
CARBO CERAMICS INC.   2011-02-17 2011-09-29
MELCO CROWN ENTERTAINMENT LTD   2011-08-30 2011-09-29
ULTA SALON COSMETICS & FRAGRANCES   2011-04-07 2011-10-04
ACCRETIVE HEALTH INC.   2011-03-09 2011-10-18
MWI VETERINARY SUPPLY INC.   2011-05-13 2011-11-03
IPG PHOTONICS CORPORATION   2011-04-18 2011-11-08
IPG PHOTONICS CORPORATION   2011-04-27 2011-11-08
IPG PHOTONICS CORPORATION   2011-04-18 2011-11-11
OPENTABLE INC.   2011-01-07 2011-11-11
OPENTABLE INC.   2011-02-17 2011-11-11
ARCOS DORADOS HOLDINGS INC   2011-09-08 2011-11-14
FIRST CASH FINANCIAL SERVICES, INC   2011-08-10 2011-11-22
IPG PHOTONICS CORPORATION   2011-04-18 2011-11-30
IPG PHOTONICS CORPORATION   2011-10-07 2011-11-30
IPG PHOTONICS CORPORATION   2011-10-12 2011-11-30
POTASH CORP.   2011-08-17 2011-12-02
POTASH CORP.   2011-08-23 2011-12-02
POTASH CORP.   2011-08-30 2011-12-02
NEW ORIENTAL EDUCATION & TECH GROU   2011-08-31 2011-12-07
BAKER HUGHES INC.   2011-10-11 2011-12-09
SOTHEBYS A   2011-02-17 2011-12-12
SOTHEBYS A   2011-03-09 2011-12-12
ST. MARY LAND & EXPLORATION CO.   2011-11-10 2011-12-12
CONCHO RESOURCES INC.   2011-08-16 2011-12-14
CONCHO RESOURCES INC.   2011-10-14 2011-12-14
ATHENAHEALTH INC.   2011-08-29 2011-12-22
ATHENAHEALTH INC.   2011-09-13 2011-12-22
GOLDCORP INC.   2011-09-09 2011-12-28
KOREA ELECTRIC POWER CORPORATION   2010-08-26 2011-02-17
WILLIAMS COS, INC.   2010-08-26 2011-02-17
CEMEX SAB ADR   2011-02-17 2011-04-27
GENWORTH FINANCIAL INC.   2011-03-10 2011-04-27
XL GROUP PLC   2010-08-26 2011-04-27
XL GROUP PLC   2011-03-10 2011-04-27
ANGLOGOLD ASHANTI LIMITED   2010-08-26 2011-05-17
ANGLOGOLD ASHANTI LIMITED   2011-01-14 2011-05-17
ANGLOGOLD ASHANTI LIMITED   2011-03-10 2011-05-17
BANK OF AMERICA CORP   2010-08-26 2011-05-17
BANK OF AMERICA CORP   2011-02-17 2011-05-17
BP PLC ADR   2011-03-11 2011-05-17
CAREFUSION CORP   2010-08-26 2011-05-17
CAREFUSION CORP   2011-03-10 2011-05-17
CEMEX SAB ADR   2010-08-26 2011-05-17
CEMEX SAB ADR   2011-02-17 2011-05-17
CITIGROUP   2010-08-26 2011-05-17
CITIGROUP   2011-03-10 2011-05-17
DELTA AIR LINES INC.   2010-08-26 2011-05-17
DELTA AIR LINES INC.   2011-02-17 2011-05-17
DELTA AIR LINES INC.   2011-03-10 2011-05-17
DEVON ENERGY CORPORATION   2010-08-26 2011-05-17
DEVON ENERGY CORPORATION   2011-02-17 2011-05-17
GENERAL ELECTRIC, CO.   2010-08-26 2011-05-17
GENERAL ELECTRIC, CO.   2011-02-17 2011-05-17
GENERAL ELECTRIC, CO.   2011-03-10 2011-05-17
GENWORTH FINANCIAL INC.   2010-08-26 2011-05-17
GENWORTH FINANCIAL INC.   2011-03-10 2011-05-17
MADISON SQUARE GARDEN, INC.   2010-08-26 2011-05-17
MYLAN LABORATORIES, INC.   2010-08-26 2011-05-17
MYLAN LABORATORIES, INC.   2011-03-10 2011-05-17
NEWMONT MINING CORPORATION   2010-08-26 2011-05-17
NEWMONT MINING CORPORATION   2011-02-17 2011-05-17
PLAINS EXPLORATION & PRODUCTION CO   2011-04-28 2011-05-17
QEP RESOURCES INC   2010-08-26 2011-05-17
QEP RESOURCES INC   2011-02-17 2011-05-17
QEP RESOURCES INC   2011-03-10 2011-05-17
SPRINT NEXTEL CORPORATION   2011-02-10 2011-05-17
SPRINT NEXTEL CORPORATION   2011-02-17 2011-05-17
SPRINT NEXTEL CORPORATION   2011-02-17 2011-05-17
TEXTRON, INC.   2010-08-26 2011-05-17
TEXTRON, INC.   2011-03-10 2011-05-17
THE WESTERN UNION COMPANY   2010-08-26 2011-05-17
THE WESTERN UNION COMPANY   2011-02-17 2011-05-17
THE WESTERN UNION COMPANY   2011-03-10 2011-05-17
XL GROUP PLC   2010-08-26 2011-05-17
YAHOO!, INC.   2011-03-24 2011-05-17
TORTOISE ENERGY INFRASTRUCTURE   2010-12-08 2011-01-31
MASTERCARD INCORPORATED   2010-08-30 2011-01-03
COUNTRY STYLE COOKING RESTAURANT C   2010-10-01 2011-01-13
PRAXAIR INC.   2010-08-30 2011-01-13
MSCI INC   2010-08-30 2011-01-14
F5 NETWORKS, INC.   2010-08-30 2011-01-19
SALESFORCE.COM INC.   2010-08-30 2011-01-20
JONES LANG LASALLE INC.   2010-08-30 2011-09-14
FREEPORT-MCMORAN COPPER & GOLD   2010-08-30 2011-09-21
T. ROWE PRICE GROUP   2010-08-30 2011-09-22
MERCADOLIBRE INC.   2010-08-30 2011-09-26
BAIDU.COM-ADR   2010-08-30 2011-09-29
PRICELINE.COM, INC.   2010-08-30 2011-09-29
GREEN MOUNTAIN COFFEE ROASTERS INC   2010-08-30 2011-10-03
CHIPOTLE MEXICAN GRILL INC. A   2010-08-30 2011-10-06
QUALITY SYSTEMS, INC.   2010-08-30 2011-10-07
AMAZON.COM   2010-08-30 2011-10-19
BAIDU.COM-ADR   2010-08-30 2011-10-19
BE AEROSPACE   2010-09-23 2011-10-19
BE AEROSPACE   2010-10-07 2011-10-19
SXC HEALTH SOLUTIONS CORPORATION   2010-08-30 2011-10-25
AMAZON.COM   2010-08-30 2011-10-27
SALESFORCE.COM INC.   2010-08-30 2011-10-31
STERICYCLE, INC.   2010-08-30 2011-10-31
STERICYCLE, INC.   2010-08-30 2011-11-10
OPENTABLE INC.   2010-08-30 2011-11-11
AMAZON.COM   2010-08-30 2011-11-17
AMAZON.COM   2010-11-15 2011-11-17
SALESFORCE.COM INC.   2010-08-30 2011-11-18
ROVI CORP   2010-08-30 2011-11-21
ROVI CORP   2010-09-28 2011-11-21
ROVI CORP   2010-11-01 2011-11-21
QUALITY SYSTEMS, INC.   2010-08-30 2011-11-28
QUALITY SYSTEMS, INC.   2010-11-15 2011-11-28
APPLE COMPUTER, INC.   2010-11-15 2011-12-07
SOTHEBYS A   2010-08-30 2011-12-12
PRICELINE.COM, INC.   2010-08-30 2011-12-14
BAIDU.COM-ADR   2010-08-30 2011-12-15
POST LIMITED TERM HIGH YIELD FUND LP P 2010-07-30 2012-10-26
THE WEATHERLOW OFFSHORE FUND I LTD   2010-07-30 2012-10-25
(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 234,995   225,000 9,995
b 465   466 -1
c 408   409 -1
d 250,000   267,393 -17,393
e 158,469   167,782 -9,313
1,531   1,525 6
127,048   133,049 -6,001
12,117   11,887 230
26,501   25,996 505
2,187   2,155 32
1,280   1,265 15
941   930 11
125,022   108,000 17,022
131,807   125,000 6,807
999   930 69
2,992   2,785 207
3,694   3,438 256
154,721   150,000 4,721
9   10 -1
82,213   82,841 -628
14,948   14,732 216
384,552   412,491 -27,939
65,054   75,332 -10,278
5,107   4,900 207
3,981   4,173 -192
4,568   4,811 -243
1,523   1,861 -338
2,450   2,623 -173
3,114   2,898 216
4,416   4,590 -174
2,286   2,472 -186
3,140   2,991 149
1,495   1,649 -154
2,689   2,705 -16
2,018   1,472 546
2,041   1,472 569
1,877   1,639 238
2,346   2,718 -372
2,422   2,827 -405
2,545   2,810 -265
1,061   1,181 -120
4,804   4,511 293
4,964   6,010 -1,046
2,607   3,135 -528
5,243   4,561 682
2,151   1,864 287
2,442   2,767 -325
2,695   2,279 416
1,888   2,116 -228
2,511   2,035 476
404   371 33
1,213   1,280 -67
3,039   3,674 -635
2,700   2,867 -167
3,645   4,328 -683
1,159   1,101 58
2,897   3,222 -325
4,828   5,375 -547
2,374   758 1,616
1,899   841 1,058
3,281   2,663 618
1,395   455 940
304   329 -25
2,737   3,337 -600
3,518   4,595 -1,077
1,599   2,172 -573
1,599   2,239 -640
1,755   2,125 -370
1,276   1,465 -189
3,892   5,851 -1,959
3,902   4,504 -602
2,187   2,279 -92
2,339   3,527 -1,188
2,275   2,209 66
2,844   3,531 -687
2,262   2,295 -33
1,509   1,498 11
5,091   4,941 150
3,715   4,097 -382
2,211   1,865 346
3,094   4,946 -1,852
4,914   7,458 -2,544
1,977   2,592 -615
4,237   6,751 -2,514
1,445   2,559 -1,114
3,828   4,316 -488
1,472   2,150 -678
1,178   1,724 -546
883   1,536 -653
2,618   3,977 -1,359
1,279   1,937 -658
4,621   4,441 180
462   612 -150
3,569   4,134 -565
2,379   2,959 -580
1,175   1,300 -125
1,175   1,653 -478
2,698   2,598 100
3,777   4,352 -575
2,935   4,353 -1,418
2,734   2,312 422
2,440   2,996 -556
2,877   3,323 -446
1,011   1,156 -145
1,264   1,708 -444
1,895   2,313 -418
571   1,169 -598
952   2,329 -1,377
3,357   4,391 -1,034
2,693   3,159 -466
771   1,156 -385
1,350   1,968 -618
1,157   1,718 -561
3,187   4,151 -964
3,187   3,985 -798
1,062   1,484 -422
3,715   4,541 -826
3,732   4,011 -279
1,774   2,877 -1,103
1,035   1,714 -679
1,423   1,651 -228
3,689   3,381 308
922   833 89
2,690   3,199 -509
2,445   3,214 -769
3,194   4,168 -974
10,311   10,208 103
17,846   10,949 6,897
3,183   3,462 -279
3,639   3,847 -208
2,384   1,771 613
4,768   4,484 284
8,849   8,584 265
4,425   4,465 -40
8,849   9,095 -246
7,101   7,529 -428
10,651   13,409 -2,758
17,056   18,116 -1,060
11,624   9,020 2,604
5,812   5,555 257
11,101   10,127 974
1,215   1,378 -163
11,545   10,304 1,241
4,123   4,590 -467
10,989   10,080 909
5,494   5,835 -341
1,099   1,117 -18
8,131   6,012 2,119
16,261   17,358 -1,097
13,700   10,205 3,495
5,871   6,458 -587
5,871   6,103 -232
11,120   10,790 330
1,112   1,282 -170
7,880   5,801 2,079
11,775   8,529 3,246
2,355   2,233 122
10,625   11,914 -1,289
10,625   11,794 -1,169
16,595   18,636 -2,041
12,348   9,159 3,189
8,232   7,874 358
4,116   3,682 434
12,859   11,297 1,562
5,144   4,490 654
7,715   6,735 980
14,196   10,481 3,715
4,732   5,421 -689
10,295   7,919 2,376
6,177   6,477 -300
4,118   4,262 -144
11,495   8,854 2,641
17,449   18,473 -1,024
37   33 4
4,435   4,103 332
1,734   2,172 -438
2,797   2,600 197
2,915   2,413 502
1,374   901 473
1,307   1,105 202
1,766   2,276 -510
2,558   2,483 75
4,699   4,439 260
3,874   4,603 -729
3,925   2,747 1,178
2,354   1,469 885
2,176   758 1,418
2,974   1,518 1,456
2,185   1,434 751
2,292   1,253 1,039
1,883   1,177 706
513   464 49
2,393   2,188 205
2,101   1,916 185
4,121   2,506 1,615
1,344   1,104 240
1,250   998 252
2,320   1,997 323
2,284   3,244 -960
1,015   626 389
2,029   1,622 407
2,241   2,209 32
2,847   4,464 -1,617
814   1,549 -735
678   1,289 -611
519   430 89
1,383   1,258 125
1,932   1,546 386
2,957   2,809 148
8,883   5,878 3,005
1,689   1,177 512
548,232   548,232  
1,132,170   1,152,801 -20,631
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       9,995
b       -1
c       -1
d       -17,393
e       -9,313
      6
      -6,001
      230
      505
      32
      15
      11
      17,022
      6,807
      69
      207
      256
      4,721
      -1
      -628
      216
      -27,939
      -10,278
      207
      -192
      -243
      -338
      -173
      216
      -174
      -186
      149
      -154
      -16
      546
      569
      238
      -372
      -405
      -265
      -120
      293
      -1,046
      -528
      682
      287
      -325
      416
      -228
      476
      33
      -67
      -635
      -167
      -683
      58
      -325
      -547
      1,616
      1,058
      618
      940
      -25
      -600
      -1,077
      -573
      -640
      -370
      -189
      -1,959
      -602
      -92
      -1,188
      66
      -687
      -33
      11
      150
      -382
      346
      -1,852
      -2,544
      -615
      -2,514
      -1,114
      -488
      -678
      -546
      -653
      -1,359
      -658
      180
      -150
      -565
      -580
      -125
      -478
      100
      -575
      -1,418
      422
      -556
      -446
      -145
      -444
      -418
      -598
      -1,377
      -1,034
      -466
      -385
      -618
      -561
      -964
      -798
      -422
      -826
      -279
      -1,103
      -679
      -228
      308
      89
      -509
      -769
      -974
      103
      6,897
      -279
      -208
      613
      284
      265
      -40
      -246
      -428
      -2,758
      -1,060
      2,604
      257
      974
      -163
      1,241
      -467
      909
      -341
      -18
      2,119
      -1,097
      3,495
      -587
      -232
      330
      -170
      2,079
      3,246
      122
      -1,289
      -1,169
      -2,041
      3,189
      358
      434
      1,562
      654
      980
      3,715
      -689
      2,376
      -300
      -144
      2,641
      -1,024
      4
      332
      -438
      197
      502
      473
      202
      -510
      75
      260
      -729
      1,178
      885
      1,418
      1,456
      751
      1,039
      706
      49
      205
      185
      1,615
      240
      252
      323
      -960
      389
      407
      32
      -1,617
      -735
      -611
      89
      125
      386
      148
      3,005
      512
       
      -20,631
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 -29,199
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 1,392,601 4,318,118 0.322502
2009 1,113,701 3,569,103 0.312039
2008 1,253,359 2,403,249 0.521527
2007 911,081 2,115,803 0.430608
2006 397,540 2,112,510 0.188184
2 Total of line 1, column (d) ...................... 2 1.77486
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 0.354972
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 3,409,770
5 Multiply line 4 by line 3....................... 5 1,210,373
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 1,210,373
8 Enter qualifying distributions from Part XII, line 4.............. 8 714,427
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 0
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 0
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 0
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 28,938
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 28,938
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 28,938
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet28,938 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
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)bulletCA
    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
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletn/a
    14
    The books are in care ofbulletGARY HATFIELD Telephone no.bullet (402) 505-9644
    Located atbullet11144 MOCKINGBIRD DROMAHANE ZIP+4bullet68137
    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
    Yes
     
    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 bulletCJ
    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
     
    No
    .........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
     
    No
    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
     
     
    .........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
    VINOD GUPTA TRUSTEE
    0     		0    
    9017 GREENSBORO LANE
    LAS VEGAS,NV89134
    JESS GUPTA TRUSTEE
    0     		0    
    9017 GREENSBORO LANE
    LAS VEGAS,NV89134
    BENJAMIN K GUPTA TRUSTEE
    0     		0    
    9017 GREENSBORO LANE
    LAS VEGAS,NV89134
    Alexander A Gupta Trustee
    0     		0    
    9017 Greensboro Lane
    Las Vegas,NV89134
    Paul E Nietzel Trustee
    0     		0    
    PO Box 27395
    Omaha,NE68127
    Gary A Hatfield Trustee
    0     		0    
    PO Box 27395
    Omaha,NE68127
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Quest Venture Coordinators Pvt Ltd 0 57,000
    G-10/1 VASANT VIHAR
      NEW DELHI110057
    IN
    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 NONE  
    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
    3,385,610
    b
    Average of monthly cash balances.......................
    1b
    67,207
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    8,878
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,461,695
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,461,695
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    51,925
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,409,770
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    170,489
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    170,489
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    170,489
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    170,489
    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
    170,489
    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
    714,427
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    714,427
    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
    714,427
    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 7 170,489
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:2009, 2008, 2007  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 292,834
    b From 2007....... 806,691
    c From 2008....... 1,135,997
    d From 2009....... 940,102
    e From 2010....... 1,262,549
    fTotal of lines 3a through e......... 4,438,173
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 714,427
    a Applied to 2010, but not more than line 2a 0
    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..... 170,489
    e Remaining amount distributed out of corpus 543,938
    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 4,982,111
    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 ...........     		0
    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) .............     		292,834
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		4,689,277
    10 Analysis of line 9:
    a Excess from 2007.... 806,691
    b Excess from 2008.... 1,135,997
    c Excess from 2009.... 940,102
    d Excess from 2010.... 1,262,549
    e Excess from 2011.... 543,938
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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
    Vinod Gupta Charitable Foundation
    F-10/1 Vasant Vihar
      New Delhi110057
    IN     		none Public GENERAL and CAPITAL EXPANSION 423,365
    Vinod Gupta Charitable Foundation
    F-10/1 Vasant Vihar
      New Delhi110057
    IN     		  Public Equipment 9,062
    IIT Foundation
    PO Box 2884
    Castro Valley,CA94546     		none 501(c)3 Operating Funds for the Indian Institute of Technology, kharagpur 25,000
    William J Clinton Foundation
    1200 President Clinton Avenue
    Little Rock,AR72201     		none 501(c)(3) Endowment 100,000
    The American Himalayan Foundation
    909 Montgomery St Ste 400
    San Francisco,CA94133     		NONE PUBLIC Operating 5,000
    ACLU
    1105 Howard St Ste 2
    Omaha,NE68102     		None Public Operating 10,000
    George Washington University
    2100 M Street NW Suite 315
    Washington,DC20052     		  Educational/Public US Indian Comparative Law Fund 100,000
    LA Philharmonic Association
    151 South Grand Avenue
    Los Angeles,CA900123034     		None Public Operating 1,000
    American India Foundation
    216 E 45th Street 7th Floor
    New York,NY10017     		none Public Operating 1,000
    The National Jazz Museum in Harlem
    104 East 126th Street Suite 2D
    New York,NY10035     		none Public Operating 10,000
    University of California Berkeley
    201 Campbell Hall
    Berkeley,CA947202920     		none Educational UC Berkeley - IIT Kharagpur collaboration 30,000
    Total .................................bullet 3a 714,427
    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....     14 113,357  
    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 -29,199  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPASSTHROUGH INCOME(LOSS)     18 267  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   84,425  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1384,425
    (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
    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
    World Education Foundation
     
    Employer identification number

    20-0634413
    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
    World Education Foundation
          		Employer identification number

    20-0634413
    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
    1
     
     

    VINOD GUPTA CHARITABLE REMAINDER TR    
    PO BOX 27395
       
    OMAHA, NE   68127

    		$24,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    Vinod Gupta Charitable Remainder Tr    
    PO Box 27395
       
    Omaha, NE   68127

    		$50,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    Vinod Gupta Charitable Remainder Tr    
    PO Box 27395
       
    Omaha, NE   68127

    		$100,000




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

    Vinod Gupta Charitable Remainder Tr    
    PO Box 27395
       
    Omaha, NE   68127

    		$68,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    Vinod Gutpa Charitable Remainder Tr    
    PO Box 27395
       
    Omaha, NE   68127

    		$72,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    Vinod Gupta Charitable Remainder Tr    
    PO Box 27395
       
    Omaha, NE   68127

    		$5,000




    (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
    World Education Foundation
          		Employer identification number

    20-0634413
    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
    World Education Foundation
          		Employer identification number

    20-0634413
    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:  
    Software Version:  

    TY 2011 ContractorCompensationExpln
    Name:
    World Education Foundation
    EIN: 20-0634413
    Contractor Explanation

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

    TY 2011 DepreciationSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SECURITIES    
    RBC 53004    
    RBC 77032    
    RBC 77034    
    BNY 531100 1,710,274 1,621,548
    BNY 532800 345,715 388,453

    TY 2011 InvestmentsOtherSchedule2
    Name:
    World Education Foundation
    EIN: 20-0634413
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    POST LIMITED TERM HIGH YD FUND AT COST    
    WEATHERLOW OFFSHORE FUND AT COST    
    GOLDENTREE HIGH YIELD OFFSHORE AT COST 631,515 631,515
    POST LIMITED T HIGH YD OFFSHOR AT COST 681,013 681,013

    TY 2011 LandEtcSchedule2
    Name:
    World Education Foundation
    EIN: 20-0634413
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2011 OtherDecreasesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description Amount
    ACCRUAL TO CASH CONVERSION 25,500
    PRIOR PERIOD ADJUSTMENT 20,842


    TY 2011 OtherExpensesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 461 395    
    MISCELLANEOUS 2      
    LICENSES/PERMITS 150      


    TY 2011 OtherIncomeSchedule2
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Passthrough - Other Income 267 267  


    TY 2011 OtherIncreasesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description Amount
    TIMING DIFFERENCES REVERSED 5,046


    TY 2011 OtherLiabilitiesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Description Beginning of Year - Book Value End of Year - Book Value
    CHECKS DRAWN ON FUTURE DEPOSITS   56,151


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARKETING 7,500      
    OTHER 73,500      
    INVESTMENT FEES 8,506 8,506    


    TY 2011 TaxesSchedule
    Name:
    World Education Foundation
    EIN: 20-0634413
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 110,034 110,034    
    FOREIGN TAXES 1,884 1,884    
    STATE TAXES 10