TY 2011 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
FRANCIS R HARBISON TUW FOR WATSON INSTITUTE

Number and street (or P.O. box number if mail is not delivered to street address)C/O PNC BANK NA PO BOX 94651 Room/suite

City or town, state, and ZIP code
CLEVELAND, OH44101

A Employer identification number

41-6516669

B Telephone number (see page 10 of the instructions)

(800) 622-8036

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,222,185J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	77,599		77,599
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		536,432
b	Gross sales price for all assets on line 6a 2,996,652
7	Capital gain net income (from Part IV, line 2)...			536,432
8	Net short-term capital gain.........				0
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).......		302	302
12	Total. Add lines 1 through 11........	614,333		614,333
13	Compensation of officers, directors, trustees, etc.	30,160		15,080		15,080
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		700	0	0	700
c	Other professional fees (attach schedule)....		2,007	2,007		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		3,435	1,013		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		11			11
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	36,313		18,100	0	15,791
25	Contributions, gifts, grants paid........	137,996				137,996
26	Total expenses and disbursements. Add lines 24 and 25	174,309		18,100	0	153,787
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	440,024
b	Net investment income (if negative, enter -0-)			596,233
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	361,714	250,961	250,961
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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)........	1,921,230	1,049,553	1,030,584
	c	Investments—corporate bonds (attach schedule)........	515,835	1,937,411	1,834,893
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	121,080	121,080	105,747
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,919,859	3,359,005	3,222,185
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,919,859	3,359,005
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,919,859	3,359,005
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,919,859	3,359,005

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	2,919,859
2	Enter amount from Part I, line 27a.....................	2	440,024
3	Other increases not included in line 2 (itemize)	3	896
4	Add lines 1, 2, and 3..........................	4	3,360,779
5	Decreases not included in line 2 (itemize)	5	1,774
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	3,359,005

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	50000. ABBOTT LABORATORIES SR UNSEC		2009-03-19	2011-03-30
b	50000. BOEING CO SR UNSEC		2009-03-19	2011-03-30
c	50000. CHEVRON CORP NT		2009-03-19	2011-03-30
d	75000. GENERAL ELEC CAP CORP MED TERM NT DTD 02-15-02 5.875% DUE 02-15		2008-08-18	2011-03-30
e	50000. OCCIDENTAL PETROLEUM CORP SR UNSEC		2009-05-13	2011-03-30
	50000. USA TREASURY NOTES 04.000% DUE 11/15/2012		2005-05-03	2011-03-30
	1107.714 ASTON TAMRO SMALL CAP FUND CL I		2008-03-20	2011-04-05
	1218.522 ASTON TAMRO SMALL CAP FUND CL I		2009-03-26	2011-04-05
	366. AT&T INC		2008-07-25	2011-04-05
	279. ALLERGAN INC COM		2010-03-04	2011-04-05
	47. AMAZON.COM INC COM		2010-03-04	2011-04-05
	443. AMERICAN ELEC PWR INC COM		2009-12-09	2011-04-05
	151. AMERICAN EXPRESS CO COM		2009-11-24	2011-04-05
	323. AMERICAN TOWER SYS CORP CL A		2010-03-04	2011-04-05
	600. AMERISOURCEBERGEN CORP COM		2010-02-04	2011-04-05
	110. AMERISOURCEBERGEN CORP COM		2010-03-04	2011-04-05
	346. AMERIPRISE FINANCIAL INC		2010-01-14	2011-04-05
	120. AMGEN INC COM		2008-12-05	2011-04-05
	195. APACHE CORP COM		2008-08-19	2011-04-05
	8. APACHE CORP COM		2008-09-30	2011-04-05
	167. APPLE COMPUTER INC COM		2009-06-01	2011-04-05
	763.303 ARTISAN FDS INC INTL FD# 661		2010-03-04	2011-04-05
	35. BANK OF AMER CORP COM		2010-03-04	2011-04-05
	410. BAXTER INTL INC COM		2009-01-27	2011-04-05
	285. BROADCOM CORP CL A		2009-06-24	2011-04-05
	120. BROADCOM CORP CL A		2010-03-04	2011-04-05
	360. CAMERON INTL CORP		2010-03-11	2011-04-05
	350. CAPITAL ONE FINANCIAL CORP COM		2010-01-14	2011-04-05
	470. CELANESE CORP-SERIES A		2009-06-01	2011-04-05
	300. CHUBB CORP COM		2009-07-06	2011-04-05
	1025. CISCO SYS INC COM		2006-01-20	2011-04-05
	337. COACH INC COM		2009-08-04	2011-04-05
	120. COACH INC COM		2010-03-04	2011-04-05
	310. CUMMINS ENGINE INC COM		2010-01-14	2011-04-05
	40. CUMMINS ENGINE INC COM		2010-03-04	2011-04-05
	350. DOLBY LABORATORIES INC CLASS A		2010-01-14	2011-04-05
	397. DOLLAR TREE INC		2010-01-14	2011-04-05
	935. EMC CORPORATION		2009-12-09	2011-04-05
	575. EBAY INC COM		2009-08-04	2011-04-05
	235. EBAY INC COM		2010-03-04	2011-04-05
	310. EMERSON ELEC CO COM		2010-03-04	2011-04-05
	351. EXXON MOBIL CORP COM		2009-06-24	2011-04-05
	100. EXXON MOBIL CORP COM		2009-11-24	2011-04-05
	5268.704 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I		2010-03-04	2011-04-05
	1275. FORD MTR CO DEL COM PAR $0.01		2010-01-14	2011-04-05
	155. FRANKLIN RES INC COM		2009-09-22	2011-04-05
	293. FREEPORT-MCMORAN COPPER & GOLD INC CL B		2009-06-01	2011-04-05
	765. GENERAL ELEC CO COM		2010-03-04	2011-04-05
	211. GENERAL MILLS INC COM		2009-06-01	2011-04-05
	110. GENERAL MILLS INC COM		2009-12-09	2011-04-05
	40. GENERAL MILLS INC COM		2010-01-14	2011-04-05
	150. GENERAL MILLS INC COM		2010-03-04	2011-04-05
	51. GOOGLE INC CL A		2008-02-08	2011-04-05
	7. GOOGLE INC CL A		2008-05-01	2011-04-05
	150. GRAINGER W W INC COM		2009-08-04	2011-04-05
	1383.086 HARBOR FD INTL FD		2003-12-11	2011-04-05
	680.004 HARDING LOEVNER EMERGING MARKETS PORTOFLIO FUND		2008-03-20	2011-04-05
	830.565 HARDING LOEVNER EMERGING MARKETS PORTOFLIO FUND		2009-03-16	2011-04-05
	373.692 HARDING LOEVNER EMERGING MARKETS PORTOFLIO FUND		2009-03-26	2011-04-05
	516. INTEL CORP COM		2008-07-16	2011-04-05
	58. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-04-05
	30. INTERNATIONAL BUSINESS MACHS CORP COM		2010-03-04	2011-04-05
	800. ISHARES TR S&P 500 INDEX FD		2008-03-20	2011-04-05
	400. ISHARES TR S&P 500 INDEX FD		2008-07-28	2011-04-05
	200. ISHARES IBOXX $ INVESTOP INVESTMENT GRADE CORP BD FD		2008-04-01	2011-04-05
	300. ISHARES TR RUSSELL MIDCAP INDEX FD		2007-01-19	2011-04-05
	700. ISHARES TR RUSSELL MIDCAP INDEX FD		2009-06-24	2011-04-05
	300. ISHARES TR RUSSELL 2000 GROWTH		2007-01-19	2011-04-05
	529. J P MORGAN CHASE & CO COM		2009-06-01	2011-04-05
	41. JOHNSON & JOHNSON COM		2009-06-01	2011-04-05
	433. JOHNSON CTLS INC COM		2009-09-22	2011-04-05
	200. JOHNSON CTLS INC COM		2009-11-24	2011-04-05
	271. KOHLS CORP COM		2009-08-04	2011-04-05
	60. KOHLS CORP COM		2010-03-04	2011-04-05
	239. LAUDER ESTEE COS INC CL A		2010-02-04	2011-04-05
	4243.114 MASTERS SELECT FDS INTERNATIONAL FD		2005-04-01	2011-04-05
	1105.389 MASTERS SELECT FDS INTERNATIONAL FD		2005-11-15	2011-04-05
	69.471 MASTERS SELECT FDS INTERNATIONAL FD		2005-11-15	2011-04-05
	221.19 MASTERS SELECT FDS INTERNATIONAL FD		2008-11-05	2011-04-05
	254. MERCK & CO INC		2010-01-14	2011-04-05
	60. MICROSOFT CORP COM		2003-04-25	2011-04-05
	545. MICROSOFT CORP COM		2005-03-30	2011-04-05
	145. MICROSOFT CORP COM		2005-10-27	2011-04-05
	541. MICROSOFT CORP COM		2006-07-24	2011-04-05
	1570. NEWS CORPORATION CL A		2010-03-04	2011-04-05
	126. OCCIDENTAL PETE CORP COM		2005-07-15	2011-04-05
	481. ORACLE CORP COM		2004-12-21	2011-04-05
	160. PPG INDS INC COM		2010-03-11	2011-04-05
	1455.967 PNC BOND FUND CLASS I		2005-04-08	2011-04-05
	379.999 PNC GOVERNMENT MRTG FD CLASS I		2005-08-02	2011-04-05
	2306.831 PNC GOVERNMENT MRTG FD CLASS I		2007-07-03	2011-04-05
	250. PARKER HANNIFIN CORP COM		2010-03-04	2011-04-05
	5. PEPSICO INC COM		2004-05-20	2011-04-05
	30. PEPSICO INC COM		2004-08-31	2011-04-05
	90. PEPSICO INC COM		2004-09-09	2011-04-05
	16. PEPSICO INC COM		2004-11-01	2011-04-05
	195. PEPSICO INC COM		2009-11-24	2011-04-05
	390. PFIZER INC COM		2009-12-09	2011-04-05
	325. PRICE T ROWE GROUP INC COM		2009-08-04	2011-04-05
	400. PROCTER & GAMBLE CO COM		2009-08-04	2011-04-05
	25. PROCTER & GAMBLE CO COM		2009-11-24	2011-04-05
	125. PROCTER & GAMBLE CO COM		2010-02-04	2011-04-05
	320. ROCKWELL INTL CORP NEW COM		2009-09-22	2011-04-05
	70. ROCKWELL INTL CORP NEW COM		2009-12-09	2011-04-05
	200. ROSS STORES INC COM		2009-08-04	2011-04-05
	110. ROSS STORES INC COM		2010-03-04	2011-04-05
	1838.186 ROYCE FD TOTAL RETURN		2009-03-26	2011-04-05
	69. SCHLUMBERGER LTD COM		2008-10-09	2011-04-05
	183. SHIRE PHARMACEUTICAL GROUP SPONSORED ADR		2010-03-04	2011-04-05
	235. SMUCKER J M CO COM NEW		2010-01-14	2011-04-05
	95. SMUCKER J M CO COM NEW		2010-02-04	2011-04-05
	139. 3M COMPANY COM		2009-08-04	2011-04-05
	80. 3M COMPANY COM		2009-12-09	2011-04-05
	674. US BANCORP DEL COM NEW		2010-03-04	2011-04-05
	17. UNITED TECHNOLOGIES CORP COM		2009-06-01	2011-04-05
	100. UNITED TECHNOLOGIES CORP COM		2009-10-30	2011-04-05
	533. UNITEDHEALTH GROUP INC COM		2010-03-11	2011-04-05
	300. VANGUARD TOTAL BOND MARKET ETF		2008-06-19	2011-04-05
	393. VIACOM INC		2009-06-29	2011-04-05
	85. VIACOM INC		2009-08-04	2011-04-05
	353. WAL MART STORES INC COM		2007-12-27	2011-04-05
	83. WELLS FARGO & CO NEW COM		2009-07-06	2011-04-05
	500. WELLS FARGO & CO NEW COM		2009-11-24	2011-04-05
	600. WISCONSIN ENERGY CORP COM		2009-06-24	2011-04-05
	330. WISCONSIN ENERGY CORP COM		2009-09-22	2011-04-05
	370. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-01-14	2011-04-05
	315. COVIDIEN PLC ISIN IE00B68SQD29 SEDOL B68SQD2		2010-01-14	2011-04-05
	75. COVIDIEN PLC ISIN IE00B68SQD29 SEDOL B68SQD2		2010-02-04	2011-04-05
	470. NOBLE CORPORATION SEDOL: B65Z9D7		2009-08-04	2011-04-05
	1238.646 VANGUARD INFLATION-PROTECTED SECURITIES FD #119		2009-07-07	2011-04-06
	1241.722 VANGUARD INFLATION-PROTECTED SECURITIES FD #119		2009-08-07	2011-04-06
	1583.531 VANGUARD INFLATION-PROTECTED SECURITIES FD #119		2010-03-04	2011-04-06
	20. TEVA PHARMA INDS ADR 1 ADR REPRESENTS 10 SHS		2011-04-05	2011-04-12
	3. CHEVRONTEXACO CORP COM		2011-04-05	2011-04-13
	134. INTEL CORP COM		2008-07-16	2011-04-13
	6. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-04-14
	15. NETAPP INC		2011-04-05	2011-04-14
	24. EXPRESS SCRIPTS INC		2011-04-05	2011-04-19
	23. TEVA PHARMA INDS ADR 1 ADR REPRESENTS 10 SHS		2011-04-05	2011-04-19
	22. TEVA PHARMA INDS ADR 1 ADR REPRESENTS 10 SHS		2011-04-05	2011-04-19
	6. BAIDU INC		2011-04-05	2011-04-20
	4. BAIDU INC		2011-04-05	2011-04-20
	28. ST JUDE MEDICAL INC COM		2011-04-05	2011-04-20
	17. ALTERA CORP COM		2011-04-05	2011-04-27
	27. PHILIP MORRIS INTERNAT-W/I		2011-04-05	2011-04-27
	127. ERICSSON (LM) TELEPHONE CO SPON ADR		2011-04-05	2011-04-29
	10. MCDONALDS CORP COM		2011-04-05	2011-04-29
	19. METLIFE INC COM		2011-04-05	2011-04-29
	34. PEABODY ENERGY CORP COM		2011-04-05	2011-04-29
	21. PRUDENTIAL FINANCIAL INC COM		2011-04-05	2011-04-29
	74. US BANCORP DEL COM NEW		2010-03-04	2011-04-29
	146. BANK OF AMER CORP COM		2010-03-04	2011-05-10
	38. BROADCOM CORP CL A		2009-06-24	2011-05-10
	42. NESTLE S A SPONSORED ADR REPSTG REG SH		2011-04-05	2011-05-10
	8. UNITED PARCEL SERVICE INC CL B		2011-04-05	2011-05-10
	47. UNITED STATES STL CORP NEW COM		2011-04-05	2011-05-10
	62. ATMEL CORP COM		2011-04-05	2011-05-11
	42. ST JUDE MEDICAL INC COM		2011-04-05	2011-05-12
	137. WELLS FARGO & CO NEW COM		2009-07-06	2011-05-12
	62. AON CORP COM		2011-04-05	2011-05-17
	19. BROADCOM CORP CL A		2009-06-24	2011-05-18
	35. UNITED PARCEL SERVICE INC CL B		2011-04-05	2011-05-18
	4. GOLDMAN SACHS GROUP INC COM		2009-06-01	2011-05-19
	4. GOLDMAN SACHS GROUP INC COM		2011-04-20	2011-05-19
	9. SCHLUMBERGER LTD COM		2008-10-09	2011-05-25
	7. SCHLUMBERGER LTD COM		2008-10-09	2011-05-25
	.3 CITIGROUP INC		2011-04-05	2011-05-26
	54. QUALCOMM INC COM		2011-04-05	2011-05-26
	32. ST JUDE MEDICAL INC COM		2011-04-05	2011-06-01
	52. CHARLES SCHWAB CORP NEW		2011-04-05	2011-06-07
	63. BANK NEW YORK MELLON CORP COM		2011-04-05	2011-06-08
	24. HESS CORPORATION		2011-04-05	2011-06-08
	11. ALTERA CORP COM		2011-04-05	2011-06-09
	10. ALTERA CORP COM		2011-04-05	2011-06-10
	4. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-06-13
	28. CHARLES SCHWAB CORP NEW		2011-04-05	2011-06-13
	5. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-06-14
	17. EXPEDITORS INTL WASH INC COM		2011-04-05	2011-06-15
	24. HESS CORPORATION		2011-04-05	2011-06-15
	14. BED BATH & BEYOND INC COM		2011-04-05	2011-06-16
	12. BED BATH & BEYOND INC COM		2011-04-05	2011-06-17
	16. EXPEDITORS INTL WASH INC COM		2011-04-05	2011-06-17
	68. ABBOTT LABS COM		2011-04-05	2011-06-20
	23. AIR PRODS & CHEM INC COM		2011-04-05	2011-06-20
	8. AVALONBAY CMNTYS INC COM		2011-04-05	2011-06-20
	12. EXXON MOBIL CORP COM		2009-06-24	2011-06-20
	18. GENERAL DYNAMICS CORP COM		2011-04-05	2011-06-20
	113. KEYCORP NEW COM		2011-04-05	2011-06-20
	29. MERCK & CO INC		2010-01-14	2011-06-20
	12. NESTLE S A SPONSORED ADR REPSTG REG SH		2011-04-05	2011-06-20
	20. WAL MART STORES INC COM		2007-12-27	2011-06-20
	50. WASTE MANAGEMENT INC NEW COM		2011-04-05	2011-06-20
	19. GREEN DOT CORP CLASS A		2011-04-05	2011-06-22
	18. GREEN DOT CORP CLASS A		2011-04-05	2011-06-22
	29. THE TRAVELERS COS INC		2011-04-05	2011-06-22
	12. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-06-27
	10. ACCENTURE PLC CLASS A ISIN IE00B4BNMY34 SEDOL B4BNMY3		2011-04-05	2011-06-29
	9. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-06-29
	18. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-06-30
	4424.09 DODGE & COX INCOME FD COM		2011-04-05	2011-07-05
	5559.763 PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL		2011-04-05	2011-07-05
	36. PFIZER INC COM		2009-12-09	2011-07-06
	26. ACCENTURE PLC CLASS A ISIN IE00B4BNMY34 SEDOL B4BNMY3		2011-04-05	2011-07-06
	62. PFIZER INC COM		2009-12-09	2011-07-08
	13. ALTERA CORP COM		2011-04-05	2011-07-13
	27. DISNEY WALT CO COM		2011-04-05	2011-07-14
	26. ACCENTURE PLC CLASS A ISIN IE00B4BNMY34 SEDOL B4BNMY3		2011-04-05	2011-07-14
	145. PFIZER INC COM		2009-12-09	2011-07-15
	18. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-07-21
	21. DISNEY WALT CO COM		2011-04-05	2011-07-26
	80. DISNEY WALT CO COM		2011-04-05	2011-07-27
	7. OCCIDENTAL PETE CORP COM		2005-07-15	2011-07-27
	27. OCCIDENTAL PETE CORP COM		2005-10-27	2011-07-27
	13. BURBERRY GROUP PLC SPONSORED ADR		2011-04-27	2011-07-29
	39. EMC CORPORATION		2011-05-26	2011-07-29
	33. JUNIPER NETWORKS INC COM		2011-04-05	2011-07-29
	23. MARRIOTT INTL INC NEW CL A		2011-04-05	2011-07-29
	19. MARRIOTT INTL INC NEW CL A		2011-04-05	2011-07-29
	5. POLO RALPH LAUREN CORP CL A		2011-04-05	2011-07-29
	19. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-07-29
	22. INGERSOLL-RAND PLC SEDOL: B633030		2011-04-05	2011-07-29
	16. OCCIDENTAL PETE CORP COM		2005-10-27	2011-08-02
	45. REYNOLDS AMERICAN INC		2011-04-05	2011-08-03
	16. SUCCESSFACTORS INC		2011-04-20	2011-08-03
	8. SUCCESSFACTORS INC		2011-04-27	2011-08-03
	25. MARRIOTT INTL INC NEW CL A		2011-04-05	2011-08-04
	26. MARRIOTT INTL INC NEW CL A		2011-04-05	2011-08-04
	9. OCCIDENTAL PETE CORP COM		2005-10-27	2011-08-04
	8. OCCIDENTAL PETE CORP COM		2005-10-27	2011-08-04
	12. VALEANT PHARMACEUTICALS INTE ISIN CA91911K1021 SEDOL B41NYV4		2011-07-29	2011-08-05
	44. ALPHA NATURAL RESOURCES INC		2011-04-29	2011-08-09
	116. CITIGROUP INC		2011-04-05	2011-08-09
	39. CITIGROUP INC		2011-05-10	2011-08-09
	6. INTERNATIONAL BUSINESS MACHS CORP COM		2011-06-20	2011-08-09
	11. MCDONALDS CORP COM		2011-04-05	2011-08-09
	28. WAL MART STORES INC COM		2007-12-27	2011-08-09
	21. ACCENTURE PLC CLASS A ISIN IE00B4BNMY34 SEDOL B4BNMY3		2011-04-05	2011-08-09
	4. BURBERRY GROUP PLC SPONSORED ADR		2011-04-27	2011-08-10
	17. DISNEY WALT CO COM		2011-04-05	2011-08-10
	9. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-08-10
	20. PHILIP MORRIS INTERNAT-W/I		2011-04-05	2011-08-10
	8. QUEST DIAGNOSTICS INC COM		2011-04-05	2011-08-10
	26. QUEST DIAGNOSTICS INC COM		2011-04-20	2011-08-10
	86. ATMEL CORP COM		2011-04-05	2011-08-11
	7. MCDONALDS CORP COM		2011-04-27	2011-08-11
	7. COACH INC COM		2009-08-04	2011-08-12
	106. CHARLES SCHWAB CORP NEW		2011-04-05	2011-08-12
	14. BURBERRY GROUP PLC SPONSORED ADR		2011-04-27	2011-08-17
	8. BURBERRY GROUP PLC SPONSORED ADR		2011-05-18	2011-08-17
	1. BURBERRY GROUP PLC SPONSORED ADR		2011-05-27	2011-08-17
	19. BURBERRY GROUP PLC SPONSORED ADR		2011-06-23	2011-08-17
	33. QUEST DIAGNOSTICS INC COM		2011-04-05	2011-08-17
	15. MCDONALDS CORP COM		2011-04-27	2011-08-24
	13. APACHE CORP COM		2008-09-30	2011-08-31
	8. GOLDMAN SACHS GROUP INC COM		2011-05-12	2011-08-31
	4. GOLDMAN SACHS GROUP INC COM		2011-05-17	2011-08-31
	73. URBAN OUTFITTERS INC		2011-04-05	2011-09-07
	98. AT&T INC		2008-07-25	2011-09-08
	56. INTEL CORP COM		2008-07-16	2011-09-08
	8. VMWARE INC CLASS A		2011-04-05	2011-09-09
	19. B A S F A G SPONSORED ADR		2011-04-05	2011-09-12
	42. HSBC HLDGS PLC SPONS ADR NEW		2011-04-05	2011-09-12
	127. LINCOLN NATIONAL CORP IND COM		2011-04-05	2011-09-12
	9. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-09-14
	10. MCDONALDS CORP COM		2011-04-05	2011-09-14
	5. MCDONALDS CORP COM		2011-04-27	2011-09-14
	3. MASTERCARD INC CL A		2011-04-05	2011-09-20
	15. SCHLUMBERGER LTD COM		2008-10-09	2011-09-20
	13. RED HAT INC COM		2011-04-05	2011-09-22
	6. SCHLUMBERGER LTD COM		2008-10-09	2011-09-22
	9. BORG WARNER AUTO COM		2011-04-05	2011-09-23
	8. DEERE & CO COM		2011-04-05	2011-09-23
	17. DU PONT E I DE NEMOURS & CO COM		2011-04-05	2011-09-23
	5. DEERE & CO COM		2011-04-05	2011-09-26
	16. DU PONT E I DE NEMOURS & CO COM		2011-04-05	2011-09-26
	12. MCDONALDS CORP COM		2011-04-05	2011-09-28
	4. MCDONALDS CORP COM		2011-04-05	2011-09-28
	38. PG&E CORP COM		2011-04-05	2011-09-28
	2. GOOGLE INC CL A		2008-02-08	2011-10-03
	15. SCHLUMBERGER LTD COM		2008-10-09	2011-10-03
	15. RED HAT INC COM		2011-04-05	2011-10-04
	7. SCHLUMBERGER LTD COM		2008-10-09	2011-10-04
	4. MASTERCARD INC CL A		2011-04-05	2011-10-12
	17. MCDONALDS CORP COM		2011-04-05	2011-10-12
	4. AMAZON.COM INC COM		2010-03-04	2011-10-19
	2. CHIPOTLE MEXICAN GRIL CL A		2011-07-29	2011-10-20
	21. GREEN MTN COFFEE ROASTERS INC		2011-07-21	2011-10-20
	18. GREEN MTN COFFEE ROASTERS INC		2011-06-20	2011-10-20
	29. JUNIPER NETWORKS INC COM		2011-04-05	2011-10-21
	23. JUNIPER NETWORKS INC COM		2011-04-05	2011-10-21
	34. AMERIPRISE FINANCIAL INC		2010-01-14	2011-10-24
	25. AMERIPRISE FINANCIAL INC		2011-08-09	2011-10-24
	346. BANK OF AMER CORP COM		2010-03-04	2011-10-24
	79. ILLINOIS TOOL WORKS INC COM		2011-04-05	2011-10-24
	36. NORTHROP GRUMMAN CORP COM		2011-04-05	2011-10-24
	81. SUNTRUST BANKS INC COM		2011-04-29	2011-10-24
	30. APACHE CORP COM		2008-09-30	2011-10-25
	68. COMCAST CORP NEW CL A		2011-04-29	2011-10-25
	33. CONOCOPHILLIPS		2011-04-05	2011-10-25
	36. HESS CORPORATION		2011-04-05	2011-10-25
	8. MCDONALDS CORP COM		2011-04-05	2011-10-25
	81. OCCIDENTAL PETE CORP COM		2005-07-15	2011-10-25
	21. PEABODY ENERGY CORP COM		2011-04-05	2011-10-25
	8. PEPSICO INC COM		2002-08-01	2011-10-25
	50. TARGET CORP		2011-04-05	2011-10-25
	122. US BANCORP DEL COM NEW		2010-03-04	2011-10-25
	13. US BANCORP DEL COM NEW		2011-08-09	2011-10-25
	6. MASTERCARD INC CL A		2011-04-05	2011-11-02
	9. DEERE & CO COM		2011-04-05	2011-11-07
	9. DEERE & CO COM		2011-04-05	2011-11-08
	9. DEERE & CO COM		2011-04-05	2011-11-08
	8. DEERE & CO COM		2011-04-05	2011-11-09
	5. AMERICAN EXPRESS CO COM		2009-11-24	2011-11-16
	4. INTERNATIONAL BUSINESS MACHS CORP COM		2011-08-10	2011-11-16
	33. PG&E CORP COM		2011-04-05	2011-11-16
	29. PRUDENTIAL FINANCIAL INC COM		2011-04-05	2011-11-16
	23. STANLEY BLACK & DECKER INC		2011-04-05	2011-11-16
	7. AMERICAN EXPRESS CO COM		2011-10-20	2011-11-17
	10. EXPRESS SCRIPTS INC		2011-04-05	2011-11-17
	4. INTERNATIONAL BUSINESS MACHS CORP COM		2011-08-10	2011-11-18
	1. INTERNATIONAL BUSINESS MACHS CORP COM		2011-08-10	2011-11-18
	18. EMC CORPORATION		2011-05-26	2011-11-22
	4. EMC CORPORATION		2011-06-14	2011-11-22
	21. EXPRESS SCRIPTS INC		2011-04-05	2011-11-22
	15. EXPRESS SCRIPTS INC		2011-04-05	2011-11-23
	3. AMERICAN TOWER SYS CORP CL A		2011-10-03	2011-11-28
	7. AMERICAN TOWER SYS CORP CL A		2011-10-06	2011-11-28
	1. AMERICAN TOWER SYS CORP CL A		2010-03-04	2011-12-05
	8. AMERICAN TOWER SYS CORP CL A		2011-10-03	2011-12-05
	26. DISNEY WALT CO COM		2011-04-05	2011-12-05
	3. DISNEY WALT CO COM		2011-04-05	2011-12-05
	4. INTERNATIONAL BUSINESS MACHS CORP COM		2011-08-10	2011-12-05
	4. JOHNSON & JOHNSON COM		2011-09-09	2011-12-05
	7. MCDONALDS CORP COM		2011-07-25	2011-12-05
	25. ORACLE CORP COM		2004-12-21	2011-12-05
	5. ORACLE CORP COM		2005-10-27	2011-12-05
	24. ORACLE CORP COM		2005-10-27	2011-12-06
	19. ORACLE CORP COM		2005-10-27	2011-12-07
	9. DU PONT E I DE NEMOURS & CO COM		2011-04-05	2011-12-13
	7. JOHNSON & JOHNSON COM		2011-08-18	2011-12-13
	5. JOHNSON & JOHNSON COM		2011-09-09	2011-12-13
	7. UNITED TECHNOLOGIES CORP COM		2009-06-01	2011-12-13
	9. APACHE CORP COM		2008-09-30	2011-12-14
	5. APACHE CORP COM		2011-08-09	2011-12-14
	1. CHIPOTLE MEXICAN GRIL CL A		2011-04-05	2011-12-14
	1. CHIPOTLE MEXICAN GRIL CL A		2011-07-29	2011-12-14
	17. CONOCOPHILLIPS		2011-04-05	2011-12-14
	16. DU PONT E I DE NEMOURS & CO COM		2011-04-05	2011-12-14
	81. FIFTH THIRD BANCORP COM		2011-04-05	2011-12-14
	21. GOLDMAN SACHS GROUP INC COM		2009-06-01	2011-12-14
	30. MCDONALDS CORP COM		2011-04-05	2011-12-14
	17. NESTLE S A SPONSORED ADR REPSTG REG SH		2011-04-05	2011-12-14
	19. PPG INDS INC COM		2011-08-09	2011-12-14
	13. PEPSICO INC COM		2002-08-01	2011-12-14
	26. PRUDENTIAL FINANCIAL INC COM		2011-04-05	2011-12-14
	22. TARGET CORP		2011-04-05	2011-12-14
	34. WAL MART STORES INC COM		2007-12-27	2011-12-14
	6. ACE LIMITED ISIN CH0044328745 SEDOL B3BQMF6		2011-05-10	2011-12-14
	39. TYCO INTERNATIONAL LTD SEDOL: B64GC98		2011-10-24	2011-12-14
	15. AMERICAN TOWER SYS CORP CL A		2010-03-04	2011-12-16
	15. COGNIZANT TECHNOLOGY SOLUTION CL A		2011-04-05	2011-12-16
	5. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-12-16
	2. INTERNATIONAL BUSINESS MACHS CORP COM		2011-08-10	2011-12-16
	1. COSTCO WHSL CORP NEW COM		2011-09-16	2011-12-19
	2. COSTCO WHSL CORP NEW COM		2011-09-21	2011-12-19
	18. DISNEY WALT CO COM		2011-04-05	2011-12-19
	13. DU PONT E I DE NEMOURS & CO COM		2011-04-05	2011-12-19
	27. ARCOS DORADOS HOLDINGS INC A ISIN VGG0457F1071 SEDOL B529PQ0		2011-10-21	2011-12-19
	12. RALPH LAUREN CORP		2011-04-05	2011-12-20
	9. ARCOS DORADOS HOLDINGS INC A ISIN VGG0457F1071 SEDOL B529PQ0		2011-10-21	2011-12-20
	36. ARCOS DORADOS HOLDINGS INC A ISIN VGG0457F1071 SEDOL B529PQ0		2011-10-21	2011-12-20
	15. AVAGO TECHNOLOGIES LTD SEDOL B3WS2X9		2011-04-05	2011-12-20
	24. AVAGO TECHNOLOGIES LTD SEDOL B3WS2X9		2011-05-31	2011-12-20
	6. INTERNATIONAL BUSINESS MACHS CORP COM		2009-06-01	2011-12-21
	12. PHILIP MORRIS INTERNAT-W/I		2011-04-05	2011-12-21
	8. LAUDER ESTEE COS INC CL A		2010-02-04	2011-12-22
	2. MASTERCARD INC CL A		2011-07-07	2011-12-22
	16. WHOLE FOOD MT INC COM		2011-04-05	2011-12-23
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	53,826	51,829	1,997
b	54,562	51,688	2,874
c	53,446	51,747	1,699
d	78,332	78,020	312
e	52,887	50,105	2,782
	52,738	50,115	2,623
	25,943	17,568	8,375
	28,538	15,000	13,538
	11,273	11,607	-334
	20,489	16,719	3,770
	8,678	5,963	2,715
	15,655	15,324	331
	6,851	6,272	579
	16,460	13,761	2,699
	24,390	16,657	7,733
	4,471	3,084	1,387
	21,487	14,516	6,971
	6,491	6,730	-239
	25,613	21,071	4,542
	1,051	817	234
	56,608	23,344	33,264
	17,457	14,884	2,573
	469	574	-105
	22,022	23,848	-1,826
	10,958	6,971	3,987
	4,614	3,670	944
	20,451	15,839	4,612
	18,120	14,617	3,503
	21,888	10,314	11,574
	18,546	11,792	6,754
	17,732	19,355	-1,623
	17,891	9,947	7,944
	6,371	4,450	1,921
	34,348	16,468	17,880
	4,432	2,370	2,062
	16,744	17,875	-1,131
	22,534	13,066	9,468
	24,263	15,792	8,471
	18,262	12,569	5,693
	7,464	5,513	1,951
	18,287	14,842	3,445
	30,112	24,412	5,700
	8,579	7,599	980
	52,055	50,000	2,055
	20,068	14,867	5,201
	19,459	15,897	3,562
	16,560	8,563	7,997
	15,598	12,309	3,289
	7,666	5,423	2,243
	3,996	3,772	224
	1,453	1,431	22
	5,449	5,391	58
	28,917	26,286	2,631
	3,969	4,076	-107
	21,244	13,633	7,611
	88,573	49,501	39,072
	35,462	33,701	1,761
	43,314	20,000	23,314
	19,488	10,000	9,488
	10,165	10,899	-734
	9,525	6,291	3,234
	4,927	3,771	1,156
	107,097	105,592	1,505
	53,549	50,173	3,376
	21,682	20,898	784
	33,036	30,492	2,544
	77,083	44,965	32,118
	29,061	23,581	5,480
	24,641	19,406	5,235
	2,452	2,293	159
	17,961	11,621	6,340
	8,296	5,422	2,874
	14,770	13,322	1,448
	3,270	3,182	88
	22,765	13,371	9,394
	68,526	72,642	-4,116
	17,852	18,372	-520
	1,122	1,155	-33
	3,572	2,216	1,356
	8,387	10,104	-1,717
	1,550	1,532	18
	14,077	13,168	909
	3,745	3,650	95
	13,974	13,000	974
	28,055	21,383	6,672
	13,019	4,971	8,048
	16,393	6,699	9,694
	15,475	10,118	5,357
	15,055	14,632	423
	3,618	3,507	111
	21,961	20,600	1,361
	24,100	15,420	8,680
	328	268	60
	1,969	1,492	477
	5,907	4,550	1,357
	1,050	793	257
	12,798	12,187	611
	7,987	7,114	873
	21,820	15,203	6,617
	24,668	22,237	2,431
	1,542	1,563	-21
	7,709	7,747	-38
	30,777	14,231	16,546
	6,733	3,242	3,491
	14,508	8,610	5,898
	7,979	5,615	2,364
	25,992	14,595	11,397
	6,417	4,686	1,731
	16,170	12,239	3,931
	17,198	14,626	2,572
	6,952	5,810	1,142
	12,998	10,025	2,973
	7,481	6,383	1,098
	17,888	16,606	1,282
	1,453	938	515
	8,547	6,192	2,355
	24,038	17,632	6,406
	23,946	22,695	1,251
	18,675	9,138	9,537
	4,039	2,020	2,019
	18,645	17,004	1,641
	2,653	1,889	764
	15,980	13,914	2,066
	18,348	12,084	6,264
	10,091	7,418	2,673
	25,093	15,985	9,108
	16,503	15,507	996
	3,929	3,808	121
	21,653	16,201	5,452
	16,301	15,000	1,301
	16,341	15,000	1,341
	20,839	20,000	839
	978	1,013	-35
	312	329	-17
	2,648	2,830	-182
	989	651	338
	726	689	37
	1,318	1,371	-53
	1,114	1,165	-51
	1,067	1,115	-48
	902	849	53
	597	566	31
	1,476	1,473	3
	813	727	86
	1,819	1,775	44
	1,930	1,647	283
	782	766	16
	881	855	26
	2,269	2,462	-193
	1,328	1,325	3
	1,905	1,823	82
	1,787	2,396	-609
	1,288	929	359
	2,577	2,422	155
	595	596	-1
	2,186	2,578	-392
	926	836	90
	2,175	2,210	-35
	3,810	3,118	692
	3,259	3,319	-60
	643	465	178
	2,581	2,608	-27
	559	580	-21
	559	614	-55
	758	611	147
	592	475	117
	12	13	-1
	3,084	2,860	224
	1,593	1,684	-91
	837	972	-135
	1,651	1,916	-265
	1,766	2,081	-315
	488	471	17
	437	428	9
	651	434	217
	448	524	-76
	821	542	279
	797	863	-66
	1,732	2,081	-349
	738	684	54
	634	586	48
	764	812	-48
	3,537	3,416	121
	2,099	2,124	-25
	1,055	961	94
	957	835	122
	1,310	1,344	-34
	924	1,006	-82
	1,037	1,154	-117
	748	692	56
	1,060	963	97
	1,864	1,889	-25
	627	861	-234
	596	816	-220
	1,688	1,720	-32
	522	576	-54
	599	551	48
	396	432	-36
	819	864	-45
	59,283	58,752	531
	61,213	60,546	667
	749	657	92
	1,610	1,432	178
	1,246	1,131	115
	572	556	16
	1,068	1,147	-79
	1,585	1,432	153
	2,849	2,645	204
	740	864	-124
	851	892	-41
	3,189	3,400	-211
	706	276	430
	2,723	1,015	1,708
	630	576	54
	1,020	1,092	-72
	775	1,310	-535
	730	809	-79
	614	669	-55
	677	644	33
	703	912	-209
	822	1,044	-222
	1,529	602	927
	1,565	1,629	-64
	457	630	-173
	228	288	-60
	748	880	-132
	772	915	-143
	810	338	472
	715	301	414
	465	650	-185
	1,245	2,546	-1,301
	3,477	5,197	-1,720
	1,169	1,725	-556
	999	990	9
	931	842	89
	1,397	1,349	48
	1,122	1,156	-34
	171	177	-6
	539	722	-183
	1,487	976	511
	1,315	1,315
	371	466	-95
	1,206	1,517	-311
	869	1,159	-290
	607	543	64
	376	207	169
	1,261	1,982	-721
	628	620	8
	359	354	5
	45	43	2
	853	833	20
	1,597	1,921	-324
	1,349	1,163	186
	1,332	1,328	4
	931	1,159	-228
	465	561	-96
	1,825	2,248	-423
	2,735	3,108	-373
	1,126	1,183	-57
	701	631	70
	1,115	1,691	-576
	1,626	2,216	-590
	2,206	3,875	-1,669
	1,524	976	548
	877	766	111
	438	388	50
	1,052	790	262
	1,059	1,019	40
	538	603	-65
	370	408	-38
	540	722	-182
	546	787	-241
	694	955	-261
	333	492	-159
	664	899	-235
	1,077	919	158
	359	306	53
	1,640	1,693	-53
	1,009	1,031	-22
	887	1,019	-132
	584	696	-112
	399	475	-76
	1,337	1,053	284
	1,499	1,302	197
	923	507	416
	615	653	-38
	1,426	2,039	-613
	1,222	1,524	-302
	613	1,151	-538
	484	913	-429
	1,514	1,426	88
	1,113	1,065	48
	2,294	5,678	-3,384
	3,805	4,339	-534
	2,029	2,253	-224
	1,579	2,292	-713
	2,849	3,064	-215
	1,648	1,783	-135
	2,334	2,655	-321
	2,152	3,121	-969
	738	613	125
	6,944	3,196	3,748
	808	1,520	-712
	495	345	150
	2,710	2,547	163
	3,071	3,006	65
	327	293	34
	2,155	1,579	576
	673	885	-212
	673	885	-212
	680	885	-205
	592	787	-195
	246	208	38
	759	662	97
	1,306	1,470	-164
	1,543	1,830	-287
	1,557	1,740	-183
	333	321	12
	445	571	-126
	742	662	80
	186	163	23
	402	504	-102
	89	108	-19
	889	1,199	-310
	631	857	-226
	170	160	10
	397	388	9
	59	43	16
	475	427	48
	969	1,105	-136
	112	127	-15
	773	653	120
	254	255	-1
	670	618	52
	801	348	453
	160	63	97
	761	304	457
	594	241	353
	390	506	-116
	442	439	3
	316	318	-2
	529	386	143
	795	919	-124
	442	496	-54
	321	277	44
	321	327	-6
	1,166	1,367	-201
	691	899	-208
	970	1,127	-157
	1,985	3,045	-1,060
	2,924	2,297	627
	922	980	-58
	1,532	1,433	99
	835	561	274
	1,247	1,641	-394
	1,158	1,121	37
	1,972	1,638	334
	406	410	-4
	1,755	1,769	-14
	872	639	233
	985	1,231	-246
	922	542	380
	369	327	42
	82	84	-2
	164	170	-6
	627	765	-138
	565	730	-165
	532	598	-66
	1,642	1,547	95
	180	199	-19
	719	806	-87
	432	477	-45
	691	807	-116
	1,083	651	432
	933	789	144
	884	448	436
	743	639	104
	1,098	1,056	42
			7

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			1,997
b			2,874
c			1,699
d			312
e			2,782
			2,623
			8,375
			13,538
			-334
			3,770
			2,715
			331
			579
			2,699
			7,733
			1,387
			6,971
			-239
			4,542
			234
			33,264
			2,573
			-105
			-1,826
			3,987
			944
			4,612
			3,503
			11,574
			6,754
			-1,623
			7,944
			1,921
			17,880
			2,062
			-1,131
			9,468
			8,471
			5,693
			1,951
			3,445
			5,700
			980
			2,055
			5,201
			3,562
			7,997
			3,289
			2,243
			224
			22
			58
			2,631
			-107
			7,611
			39,072
			1,761
			23,314
			9,488
			-734
			3,234
			1,156
			1,505
			3,376
			784
			2,544
			32,118
			5,480
			5,235
			159
			6,340
			2,874
			1,448
			88
			9,394
			-4,116
			-520
			-33
			1,356
			-1,717
			18
			909
			95
			974
			6,672
			8,048
			9,694
			5,357
			423
			111
			1,361
			8,680
			60
			477
			1,357
			257
			611
			873
			6,617
			2,431
			-21
			-38
			16,546
			3,491
			5,898
			2,364
			11,397
			1,731
			3,931
			2,572
			1,142
			2,973
			1,098
			1,282
			515
			2,355
			6,406
			1,251
			9,537
			2,019
			1,641
			764
			2,066
			6,264
			2,673
			9,108
			996
			121
			5,452
			1,301
			1,341
			839
			-35
			-17
			-182
			338
			37
			-53
			-51
			-48
			53
			31
			3
			86
			44
			283
			16
			26
			-193
			3
			82
			-609
			359
			155
			-1
			-392
			90
			-35
			692
			-60
			178
			-27
			-21
			-55
			147
			117
			-1
			224
			-91
			-135
			-265
			-315
			17
			9
			217
			-76
			279
			-66
			-349
			54
			48
			-48
			121
			-25
			94
			122
			-34
			-82
			-117
			56
			97
			-25
			-234
			-220
			-32
			-54
			48
			-36
			-45
			531
			667
			92
			178
			115
			16
			-79
			153
			204
			-124
			-41
			-211
			430
			1,708
			54
			-72
			-535
			-79
			-55
			33
			-209
			-222
			927
			-64
			-173
			-60
			-132
			-143
			472
			414
			-185
			-1,301
			-1,720
			-556
			9
			89
			48
			-34
			-6
			-183
			511

			-95
			-311
			-290
			64
			169
			-721
			8
			5
			2
			20
			-324
			186
			4
			-228
			-96
			-423
			-373
			-57
			70
			-576
			-590
			-1,669
			548
			111
			50
			262
			40
			-65
			-38
			-182
			-241
			-261
			-159
			-235
			158
			53
			-53
			-22
			-132
			-112
			-76
			284
			197
			416
			-38
			-613
			-302
			-538
			-429
			88
			48
			-3,384
			-534
			-224
			-713
			-215
			-135
			-321
			-969
			125
			3,748
			-712
			150
			163
			65
			34
			576
			-212
			-212
			-205
			-195
			38
			97
			-164
			-287
			-183
			12
			-126
			80
			23
			-102
			-19
			-310
			-226
			10
			9
			16
			48
			-136
			-15
			120
			-1
			52
			453
			97
			457
			353
			-116
			3
			-2
			143
			-124
			-54
			44
			-6
			-201
			-208
			-157
			-1,060
			627
			-58
			99
			274
			-394
			37
			334
			-4
			-14
			233
			-246
			380
			42
			-2
			-6
			-138
			-165
			-66
			95
			-19
			-87
			-45
			-116
			432
			144
			436
			104
			42

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	536,432
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 . . . . . . . . . . . . .		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? Yes No

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	51,819	3,090,391	0.016768
2009	127,582	2,741,226	0.046542
2008	160,424	3,605,490	0.044494
2007
2006

2	Total of line 1, column (d) ......................	2	0.107804
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	0.035935
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	3,405,916
5	Multiply line 4 by line 3.......................	5	122,392
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	5,962
7	Add lines 5 and 6.........................	7	128,354
8	Enter qualifying distributions from Part XII, line 4..............	8	153,787
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,962
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	5,962
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	5,962
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	2,400
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,400
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,562
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(800) 622-8036

Located at bullet

P O BOX 94651CLEVELANDOH ZIP+4 bullet

441014651

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

Yes

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
PNC BANK NA	TRUSTEE 5	30,160
P O BOX 94651 CLEVELAND,OH441014651	TRUSTEE 5	30,160

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...................				0

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)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,457,783

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

3,457,783

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,457,783

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

51,867

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,405,916

Minimum investment return. Enter 5% of line 5..................

170,296

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

170,296

Tax on investment income for 2011 from Part VI, line 5......

5,962

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,962

Distributable amount before adjustments. Subtract line 2c from line 1............

164,334

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

164,334

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

164,334

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

153,787

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

153,787

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)............

5,962

Adjusted qualifying distributions. Subtract line 5 from line 4..............

147,825

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)

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					164,334
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				127,649
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2011 from Part
XII, line 4: $ 153,787
a Applied to 2010, but not more than line 2a				127,649
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2011 distributable amount.....					26,138
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		0			0
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 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 ..........					138,196
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE WATSON INSTITUTE 301 CAMP MEETING RD SEWICKLEY,PA151438773	NONE	PUBLIC	GENERAL SUPPORT	137,996
Total ................................. 3a				137,996

bApproved for future payment

Total ................................. 3b

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
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	77,599
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.....			14	302
8Gain or (loss) from sales of assets other than inventory			18	536,432
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)..				614,333

13Total. Add line 12, columns (b), (d), and (e)..................

13614,333

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Amount
POSTED SUBSEQ YR FOR CURR YR	1,594
BASIS ADJUSTMENT	179
ROUNDING ADJUSTMENT	1

Category	Amount	Net Investment Income
FOREIGN TAXES	177	177
FEDERAL TAX PAYMENT - PRIOR YE	22	0
FEDERAL ESTIMATES - PRINCIPAL	2,400	0
FOREIGN TAXES ON QUALIFIED FOR	672	672
FOREIGN TAXES ON NONQUALIFIED	164	164