Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 07-01-2011 , and ending 06-30-2012
G
Check all that apply:
Name of foundation
Eric & Jessica Zachs Family Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)40 Woodland Street   Room/suite
City or town, state, and ZIP code
Hartford, CT06105
A Employer identification number

06-1552087
B Telephone number (see page 10 of the instructions)

(860) 727-5733
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$488,503J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 19,602 19,602  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -23,526
b Gross sales price for all assets on line 6a 1,188,914
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ -3,924 19,602  
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)....... Click to see attachment 64 64    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
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 list of attachments 52 40   12
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 116 104   12
25 Contributions, gifts, grants paid........ 26,100 26,100
26 Total expenses and disbursements. Add lines 24 and 25 26,216 104   26,112
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -30,140
b Net investment income (if negative, enter -0-) 19,498
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............... 12,120 944 944
2 Savings and temporary cash investments.......... 96,762 125,088 125,088
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) 17,328    
b Investments—corporate stock (attach schedule)........ 20,917 Click to see attachment8,478 8,663
c Investments—corporate bonds (attach schedule)........ 38,890 Click to see attachment67,331 68,139
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 329,780 Click to see attachment283,816 285,669
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) 515,797 485,657 488,503
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 515,797 485,657
30 Total net assets or fund balances (see page 17 of the
instructions).................... 515,797 485,657
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 515,797 485,657
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)............... 1 515,797
2 Enter amount from Part I, line 27a..................... 2 -30,140
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 485,657
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. 6 485,657
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 CAPITAL GAIN DISTRIBUTIONS P 2012-01-01 2012-01-12
b 1424 ULTRASHORT SP 500 PROSHARES P 2012-05-22 2012-06-08
c 895.249 TEMPLETON GLOBAL BD FD P 2011-10-25 2012-06-28
d 637.178 PUTNAMGLOBAL INCOME TR P 2012-01-18 2012-02-06
e 1043.7 PUTNAM DIVERSIFIELD INC TR P 2011-03-24 2012-01-18
306.772 PUTNAM CAPITAL SPECTRUM FUND P 2011-10-25 2012-01-26
152 pOWERSHS QQQ NASDAQ P 2012-04-09 2012-05-08
169 MARKET VECTORS AGRICBUSINESS P 2012-03-21 2012-05-14
2740.59 MAINSTAY HIGH YIELD OPPORT P 2011-03-24 2012-01-18
274 JPMORGAN CHASE ALERIAN P 2012-01-06 2012-06-29
552 I SHARES LATIN AMER 40 P 2012-01-26 2012-04-10
596 ISHARES SP ASIA 50 INDEX P 2012-01-26 2012-05-14
630 ISHARES SP US PREF STK P 2011-06-30 2012-06-21
75 I SHARES NASDAQ BIOTECH P 2012-01-06 2012-02-08
66 ISHARES LEHMAN 1-3 YEAR P 2011-10-25 2012-01-26
154 ISHARES LEHMAN 1-3 YEAR P 2011-10-25 2012-01-18
67 ISHARES LEHMAN INTERMEDIATE P 2011-10-25 2012-01-26
724 ISHARES LEHMAN INTERMEDIATE P 2011-10-25 2012-01-18
396 ISHARES IBOXX HIGH YIELD P 2010-03-05 2012-03-21
109 ISHARES IBOXX INVESSTOP P 2011-10-25 2012-03-21
417 ISHARES TR GOLD P 2012-01-26 2012-03-14
8186 ISHARES FTSE NAREIT MORTGAGE P 2012-01-18 2012-03-21
257 ISHARES DOW JONES US ENERGY P 2011-10-25 2012-04-09
135 ISHARES DOW JONES US UTILITIES P 2012-01-26 2012-06-06
377 ISHARES DOW JONES US FIN P 2012-03-21 2012-05-11
492 ISHARES DOW JONES SELECT P 2011-12-07 2012-03-14
638 ISHARES DOW JONES US OIL P 2011-10-25 2012-03-12
1803 GLOBAL X BRAZIL CONSUMER ET P 2012-03-21 2012-05-14
117.854 FIRST EAGLE GLOBAL FUND P 2010-09-27 2012-06-01
29306 FIRST EAGLE GLOBAL FUND P 2010-03-12 2012-06-01
185.74 FIRST EAGLE SOGEN FDS INC GOLD FD P 2010-03-05 2012-03-13
2357.168 FIDELITY REAL ESTATE INCOME P 2011-06-02 2012-04-18
1842.278 FIDELITY FINL TR CONV SEC FD P 2011-12-21 2012-04-18
1663.177 ALLIANZ AGIC CONV P 2011-12-21 2012-05-08
1.912 T ROWE PRICE INTL FUNDS LATIN P 2010-12-17 2011-09-12
1.571 T ROWE PRICE INTL FUNDS LATIN P 2010-12-17 2011-09-12
3.067 T ROWE PRICE INTL FUNDS LATIN P 2009-12-17 2011-09-12
367.607 T ROWE PRICE INTL FUNDS LATIN P 2009-12-14 2011-09-12
925 PUTNAM PREMIER INCOME TR P 2011-03-05 2011-11-21
1041.996 PUTNAM DIVERSIFIELD INC TR P 2011-02-17 2011-12-05
454 PROSH ULTRA SHORT SP 500 P 2011-11-21 2011-11-30
342 PROSH ULTRA SHORTMSCI EAF P 2011-11-21 2011-11-30
115 PROSH ULTRA SHORT ETF P 2011-09-12 2011-09-14
306 pOWERSHS DB MULTI SECTOR P 2010-10-14 2011-09-23
4869.679 OPPENHEIMER SENIOR P 2011-11-30 2011-12-05
1431.288 OPPENHEIMER SENIOR P 2011-05-18 2011-07-29
1211 NUVEEN MULTI CURRENCY SHORT P 2011-03-05 2011-11-21
179 MARKET VECTORS AGRICBUSINESS P 2011-05-20 2011-09-23
1722.319 KEELEY FAMILY OF FUNDS SMALL P 2011-02-17 2011-08-04
331 JPMORGAN CHASE ALERIAN P 2011-02-17 2011-10-04
885 JPMORGAN CHASE ALERIAN P 2009-12-14 2011-10-24
192 ISHARES TR MSCI EMERGING MKTS P 2010-11-24 2011-08-05
40 ISHARES TR MSCI EMERGING MKTS P 2010-11-24 2011-08-05
185 ISHARES TR MSCI EMERGING MKTS P 2010-10-14 2011-08-05
143 ISHARES TR MSCI EMERGING MKTS P 2010-03-12 2011-08-05
113 ISHARES TR MSCI EMERGING MKTS P 2009-12-14 2011-08-05
122 ISHARES TR SP GLOBAL P 2011-06-30 2011-09-06
98 ISHARES TR DJ US CONSUNER P 2011-06-30 2011-08-03
799 ISHARES TR COMEX GOLD P 2011-09-27 2011-12-13
799 ISHARES TR COMEX GOLD P 2011-08-09 2011-09-23
219 ISHARES SILVER TRUST P 2011-09-27 2011-12-14
277 ISHARES SILVER TRUST P 2011-09-27 2011-10-25
496 ISHARES SILVER TRUST P 2010-09-27 2011-09-23
842 ISHARES MSCI GINNY IDX P 2011-09-07 2011-09-23
82 ISHARES MSCI BRAZIL IND FD P 2010-10-14 2011-08-05
39 ISHARES MSCI BRAZIL IND FD P 2010-03-12 2011-08-05
37 ISHARES MSCI BRAZIL IND FD P 2009-12-14 2011-08-05
182.916 FIRST EAGLE SOGEN FDS INC GOLD FD P 2010-03-05 2011-12-14
197.289 FIRST EAGLE SOGEN FDS INC GOLD FD P 2010-03-05 2011-10-25
131.958 FIRST EAGLE SOGEN FDS INC GOLD FD P 2010-03-05 2011-08-22
1314.612 FIDELITY FINL TR CONV SEC FD P 2010-10-14 2011-09-23
1344.779 FIDELITY FINL TR CONV SEC FD P 2010-10-14 2011-08-05
62 DIREXION SHARES ETF P 2011-11-23 2011-11-30
1196.543 ALLIANZ NACM P 2011-08-09 2011-10-03
(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 518     518
b 23,917   24,782 -865
c 11,480   11,554 -74
d 8,030   7,950 80
e 7,553   8,487 -934
7,360   7,009 351
9,797   10,245 -448
8,212   8,941 -729
31,088   32,731 -1,643
10,600   10,887 -287
25,181   26,476 -1,295
25,066   26,497 -1,431
24,327   24,370 -43
8,908   8,335 573
6,901   6,893 8
16,074   16,084 -10
7,233   7,213 20
77,843   77,944 -101
35,824   34,940 884
12,509   12,487 22
6,654   7,020 -366
117,625   114,241 3,384
10,343   10,147 196
11,964   11,714 250
21,049   22,158 -1,109
27,106   26,097 1,009
34,695   35,372 -677
30,453   34,596 -4,143
5,265   5,098 167
13,091   12,125 966
5,511   5,424 87
25,074   25,418 -344
46,662   43,161 3,501
45,957   44,459 1,498
87   104 -17
71   85 -14
139   147 -8
16,708   18,000 -1,292
4,684   5,904 -1,220
7,541   8,506 -965
9,585   10,178 -593
9,361   10,224 -863
6,900   7,419 -519
9,232   8,826 406
38,982   40,673 -1,691
11,870   12,019 -149
15,434   18,884 -3,450
7,907   9,549 -1,642
17,216   19,780 -2,564
10,714   12,704 -1,990
28,645   24,559 4,086
8,172   8,769 -597
1,702   1,825 -123
7,874   8,664 -790
6,086   5,927 159
4,810   4,718 92
6,704   7,398 -694
6,749   7,153 -404
12,655   12,904 -249
13,041   14,254 -1,213
6,142   6,793 -651
8,965   8,592 373
15,626   15,904 -278
14,614   16,200 -1,586
5,119   6,615 -1,496
2,435   2,884 -449
2,310   2,905 -595
5,338   4,900 438
6,550   5,285 1,265
4,847   3,535 1,312
29,384   31,770 -2,386
31,753   31,899 -146
2,891   3,210 -319
30,201   31,920 -1,719
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       518
b       -865
c       -74
d       80
e       -934
      351
      -448
      -729
      -1,643
      -287
      -1,295
      -1,431
      -43
      573
      8
      -10
      20
      -101
      884
      22
      -366
      3,384
      196
      250
      -1,109
      1,009
      -677
      -4,143
      167
      966
      87
      -344
      3,501
      1,498
      -17
      -14
      -8
      -1,292
      -1,220
      -965
      -593
      -863
      -519
      406
      -1,691
      -149
      -3,450
      -1,642
      -2,564
      -1,990
      4,086
      -597
      -123
      -790
      159
      92
      -694
      -404
      -249
      -1,213
      -651
      373
      -278
      -1,586
      -1,496
      -449
      -595
      438
      1,265
      1,312
      -2,386
      -146
      -319
      -1,719
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 -23,526
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 -30,638
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 21,377 525,877 0.04065
2009 51,321 500,561 0.10253
2008 577 468,849 0.00123
2007 45,735 621,287 0.07361
2006 30,467 620,470 0.04910
2 Total of line 1, column (d) ...................... 2 0.26712
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 0.05343
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 492,674
5 Multiply line 4 by line 3....................... 5 26,321
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 195
7 Add lines 5 and 6......................... 7 26,516
8 Enter qualifying distributions from Part XII, line 4.............. 8 26,112
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 1 390
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............................ 3 390
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- ..... 5 390
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 816
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.............. 7 816
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 426
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet426 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
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCT
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDawn Griswold Telephone no.bullet (860) 727-5733
    Located atbullet40 Woodland StreetHartfordCT ZIP+4bullet06105
    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
     
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    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).
    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
     
    No
    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
    Russ Bernard Director
    0.00     		0    
    450 Lexington Ave Ste 1600
    New York,NY10017
    Jessica Zachs V.President/Sec
    0.00     		0    
    53 Norwood Rd
    West Hartford,CT06117
    Eric Zachs President
    0.00     		0    
    53 Norwood Road
    West Hartford,CT06117
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    431,175
    b
    Average of monthly cash balances.......................
    1b
    69,002
    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
    500,177
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    500,177
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    7,503
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    492,674
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    24,634
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    24,634
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    390
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    390
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    24,244
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    24,244
    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
    24,244
    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
    26,112
    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
    26,112
    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
    26,112
    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 24,244
    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....... 1,358
    b From 2007....... 15,022
    c From 2008.......  
    d From 2009....... 27,687
    e From 2010.......  
    fTotal of lines 3a through e......... 44,067
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 26,112
    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)...     		0
    d Applied to 2011 distributable amount..... 24,244
    e Remaining amount distributed out of corpus 1,868
    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 45,935
    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) .............     		1,358
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		44,577
    10 Analysis of line 9:
    a Excess from 2007.... 15,022
    b Excess from 2008....  
    c Excess from 2009.... 27,687
    d Excess from 2010....  
    e Excess from 2011.... 1,868
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Jewish National Fund
    42 East 69th street
    New York,NY10021     		none PUBLIC General Use 100
    Hartford Hospital
    80 Seymour Street
    Hartford,CT06102     		none PUBLIC General Use 16,500
    The Silicon Valley Cummunity Founda
    2440 West El Comina Real
    Mountain View,CA94040     		none PUBLIC Helman-Cao Family Charity Fund 1,000
    EDNA SCHWARTZ SCHOLARSHIP FUND
    101 West 79th Street
    New York,NY10024     		none Public General Use 2,500
    Arthritus Foundation
    35Cold Springs Road
    Rocky Hill,CT06067     		none Public General Use 1,000
    Jewish Community Center
    335 Bloomfield Avenue
    West Hartford,CT06117     		member Public General Use 5,000
    Total .................................bullet 3a 26,100
    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 19,602  
    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         -23,526
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   19,602 -23,526
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-3,924
    (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: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    Eric & Jessica Zachs Family Foundation
    EIN: 06-1552087
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    tax software fees 64 64 0 0

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    Eric & Jessica Zachs Family Foundation
    EIN: 06-1552087
    Software ID:11000144
    Software Version:2011v1.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    I SHARES BARCLAY 1-3 YEAR CREDIT BD FUND 24,551 24,502
    I SHARES IBOXX HI YIELD CAP BOND 42,780 43,637

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    Eric & Jessica Zachs Family Foundation
    EIN: 06-1552087
    Software ID:11000144
    Software Version:2011v1.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    I SHARES MSCI BRAZIL IND FD    
    BLACKROCK FLOATING RT INC FD 8,478 8,663

    TY 2011 InvestmentsOtherSchedule2
    Name:
    Eric & Jessica Zachs Family Foundation
    EIN: 06-1552087
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUTNAM DIVERSIED INCOME TR CL Y AT COST    
    OPPENHEIMER FDS SENIOR FLOATING RATE CL AT COST    
    FIDELITY ADVISORS FD CONV SEC FD AT COST    
    POWERSHARES DB AGRICULTURE FUND AT COST    
    MARKET VECTORS AGRIBUSINESS FUND AT COST    
    TEMPLETON INCOME TR GLOBAL BOND ADVISOR AT COST 10,860 10,598
    PUTNAM FUNDS CAPITAL SPECTRUM FUND Y AT COST 24,568 26,720
    PIMCO FDS REALEST REALRET STRAT FD INSTL AT COST 12,343 12,909
    FIDELITY SECS FD REAL ESTATE INC FD AT COST 19,151 19,553
    BLACKROCK STRAT INCM OPPYSI AT COST 17,512 17,468
    PROSHARES ULTRA SHORT MSCI EAFE AT COST 9,911 8,140
    MARKET VECTORS ETF TR MTG AT COST 9,788 10,122
    MARKET VECTORS GOLD MINERS ETF AT COST 12,432 11,998
    ISHARES GOLD TRUST COM AT COST 12,485 12,401
    ISHARES BARCLAYS INT CREDIT BOND FUND AT COST 34,712 34,764
    ISHARES FTSE NAREIT MORTGAGE PLUS CAP AT COST 23,627 24,095
    PUTNAM PREMIER INCOME TR AT COST    
    JP MORGAN CHASE ALERIAN MLP INDEX ETN AT COST 10,887 10,620
    I SHARES SILVERV TRUSI AT COST 12,445 11,939
    I SHARES MSCI EMERGING MKTS AT COST    
    T ROWE PRICE INTL LATIN AMER FUND AT COST    
    MAINSTAY HI YIELD CP A AT COST 17,586 16,969
    KEELY SMALL MID CAP VALUE I AT COST    
    FIRST EAGLE GOLD FUND AT COST    
    First Eagle Global Fund Cl A AT COST 55,509 57,373

    TY 2011 OtherExpensesSchedule
    Name:
    Eric & Jessica Zachs Family Foundation
    EIN: 06-1552087
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Expenses 40 40    
    Bank Charges 12     12