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
VIRGINIA GAY FUND

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

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

A Employer identification number

31-4379588

B Telephone number (see page 10 of the instructions)

(216) 257-4714

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

$951,994J 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......	22,720		22,720
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		65,339
b	Gross sales price for all assets on line 6a 555,555
7	Capital gain net income (from Part IV, line 2)...			65,339
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).......
12	Total. Add lines 1 through 11........	88,059		88,059
13	Compensation of officers, directors, trustees, etc.	9,704		4,852		4,852
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)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		1,555	55		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).......		1,452			1,452
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,411		4,907	0	7,004
25	Contributions, gifts, grants paid........	169,427				169,427
26	Total expenses and disbursements. Add lines 24 and 25	182,838		4,907	0	176,431
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-94,779
b	Net investment income (if negative, enter -0-)			83,152
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..........	12,068	6,724	6,724
	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)........	641,765	586,460	664,888
	c	Investments—corporate bonds (attach schedule)........	297,389	264,130	280,382
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	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)	951,222	857,314	951,994
	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.........	951,222	857,314
	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)....................	951,222	857,314
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	951,222	857,314

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	951,222
2	Enter amount from Part I, line 27a.....................	2	-94,779
3	Other increases not included in line 2 (itemize)	3	1,040
4	Add lines 1, 2, and 3..........................	4	857,483
5	Decreases not included in line 2 (itemize)	5	169
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	857,314

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	56. ISHARES IBOXX $ INVESTOP INVESTMENT GRADE CORP BD FD		2008-05-02	2011-01-05
b	205. AMERICAN ELEC PWR INC COM		2010-03-03	2011-01-14
c	55. DOLBY LABORATORIES INC CLASS A		2009-08-26	2011-01-14
d	55. DOLBY LABORATORIES INC CLASS A		2009-08-26	2011-01-18
e	45. AT&T INC		2009-04-17	2011-01-27
	20. ALLERGAN INC COM		2009-08-26	2011-01-27
	5. AMAZON.COM INC COM		2010-03-03	2011-01-27
	20. AMERICAN EXPRESS CO COM		2009-11-18	2011-01-27
	45. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-01-27
	30. AMERIPRISE FINANCIAL INC		2010-11-23	2011-01-27
	5. APACHE CORP COM		2008-09-05	2011-01-27
	15. APPLE COMPUTER INC COM		2009-08-26	2011-01-27
	75. BANK OF AMER CORP COM		2010-03-03	2011-01-27
	10. BROADCOM CORP CL A		2010-03-03	2011-01-27
	20. BROADCOM CORP CL A		2009-08-26	2011-01-27
	30. CAPITAL ONE FINANCIAL CORP COM		2010-10-07	2011-01-27
	35. CELANESE CORP-SERIES A		2010-10-07	2011-01-27
	30. CENTURYTEL INC COM		2010-10-07	2011-01-27
	30. CHEVRONTEXACO CORP COM		2010-10-07	2011-01-27
	25. CHUBB CORP COM		2010-11-23	2011-01-27
	60. CISCO SYS INC COM		2006-10-05	2011-01-27
	325. CITIGROUP INC COM		2010-10-07	2011-01-27
	10. COACH INC COM		2009-08-26	2011-01-27
	20. COACH INC COM		2010-03-03	2011-01-27
	20. COCA COLA CO COM		2010-10-07	2011-01-27
	10. CUMMINS ENGINE INC COM		2010-03-03	2011-01-27
	15. DEERE & CO COM		2010-12-07	2011-01-27
	25. DOLLAR TREE INC		2009-08-26	2011-01-27
	25. DOVER CORP COM		2010-10-07	2011-01-27
	20. DU PONT E I DE NEMOURS & CO COM		2010-10-07	2011-01-27
	65. EMC CORPORATION		2009-11-04	2011-01-27
	10. EATON CORP COM		2010-12-07	2011-01-27
	20. EQUITY RESIDENTIAL PPTYS TR SBI		2010-10-07	2011-01-27
	40. EXXON MOBIL CORP COM		2009-08-26	2011-01-27
	120. FORD MTR CO DEL COM PAR $0.01		2010-10-07	2011-01-27
	80. GENERAL ELEC CO COM			2011-01-27
	40. GENERAL MILLS INC COM		2010-03-03	2011-01-27
	5. GOOGLE INC CL A		2008-05-02	2011-01-27
	30. HERSHEY FOODS CORP COM		2010-10-07	2011-01-27
	25. HEWLETT PACKARD CO COM		2010-10-07	2011-01-27
	50. INTEL CORP COM		2008-09-05	2011-01-27
	15. INTERNATIONAL BUSINESS MACHS CORP COM		2009-08-26	2011-01-27
	55. J P MORGAN CHASE & CO COM		2007-08-07	2011-01-27
	20. JOHNSON & JOHNSON COM		2009-08-26	2011-01-27
	45. LIMITED INC COM		2010-10-07	2011-01-27
	55. MATTEL INC COM		2010-10-07	2011-01-27
	20. MERCK & CO INC		2010-03-03	2011-01-27
	85. MICROSOFT CORP COM		2009-11-04	2011-01-27
	40. NATIONAL OIL-WELL INC COM		2010-10-07	2011-01-27
	15. NEWFIELD EXPL CO COM		2010-11-24	2011-01-27
	30. NORTHEAST UTILS COM		2011-01-18	2011-01-27
	65. ORACLE CORP COM		2005-06-16	2011-01-27
	15. PPG INDS INC COM		2010-10-07	2011-01-27
	25. PEPSICO INC COM			2011-01-27
	110. PFIZER INC COM		2010-10-07	2011-01-27
	25. PRICE T ROWE GROUP INC COM		2010-11-23	2011-01-27
	30. PROCTER & GAMBLE CO COM		2008-09-05	2011-01-27
	20. QUALCOMM INC COM		2011-01-14	2011-01-27
	20. SHIRE PHARMACEUTICAL GROUP SPONSORED ADR		2010-11-23	2011-01-27
	20. SMUCKER J M CO COM NEW		2010-03-03	2011-01-27
	35. STARBUCKS CORP COM		2010-10-07	2011-01-27
	15. UNION PAC CORP COM		2010-10-07	2011-01-27
	20. UNITED TECHNOLOGIES CORP COM		2009-11-04	2011-01-27
	40. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-01-27
	30. VIACOM INC		2009-08-26	2011-01-27
	25. WAL MART STORES INC COM		2008-05-02	2011-01-27
	55. WELLS FARGO & CO NEW COM		2009-08-26	2011-01-27
	25. WISCONSIN ENERGY CORP COM		2009-08-26	2011-01-27
	30. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-10-07	2011-01-27
	35. COVIDIEN PLC EXCH 03/18/11		2010-03-03	2011-01-27
	10. CORE LABORATORIES N V COM		2010-10-07	2011-01-27
	650. FORD MTR CO DEL COM PAR $0.01			2011-02-02
	78. VANGUARD MSCI EMERGING MARKETS ETF		2009-04-17	2011-02-08
	170. BROADCOM CORP CL A		2009-08-26	2011-02-15
	325. CISCO SYS INC COM		2006-10-05	2011-02-15
	150. PEPSICO INC COM		2002-12-16	2011-02-15
	10. AT&T INC		2009-04-17	2011-03-04
	10. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-03-04
	10. BANK OF AMER CORP COM		2010-03-03	2011-03-04
	10. CHEVRONTEXACO CORP COM		2010-10-07	2011-03-04
	20. CITIGROUP INC COM		2010-10-07	2011-03-04
	10. EMC CORPORATION		2009-11-04	2011-03-04
	10. EXXON MOBIL CORP COM		2009-08-26	2011-03-04
	10. GENERAL ELEC CO COM		2010-03-03	2011-03-04
	10. GENERAL MILLS INC COM		2009-11-04	2011-03-04
	10. INTEL CORP COM		2008-09-05	2011-03-04
	10. J P MORGAN CHASE & CO COM		2007-08-07	2011-03-04
	10. LIMITED INC COM		2010-10-07	2011-03-04
	10. MATTEL INC COM		2010-10-07	2011-03-04
	10. MICROSOFT CORP COM		2009-11-04	2011-03-04
	10. NATIONAL OIL-WELL INC COM		2010-10-07	2011-03-04
	10. ORACLE CORP COM		2005-06-16	2011-03-04
	10. PFIZER INC COM		2010-10-07	2011-03-04
	10. STARBUCKS CORP COM		2011-02-02	2011-03-04
	10. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-03-04
	10. WELLS FARGO & CO NEW COM		2009-08-26	2011-03-04
	10. WISCONSIN ENERGY CORP COM		2009-08-26	2011-03-04
	10. COVIDIEN PLC EXCH 03/18/11		2010-03-03	2011-03-04
	30. AT&T INC		2009-04-17	2011-03-10
	40. AMAZON.COM INC COM		2010-03-03	2011-03-10
	40. NATIONAL OIL-WELL INC COM		2010-10-07	2011-03-10
	90. NEWFIELD EXPL CO COM			2011-03-10
	5. AT&T INC		2009-04-17	2011-03-28
	5. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-03-28
	5. BANK OF AMER CORP COM		2010-03-03	2011-03-28
	5. CAPITAL ONE FINANCIAL CORP COM		2010-10-07	2011-03-28
	5. CELANESE CORP-SERIES A		2010-10-07	2011-03-28
	5. CHEVRONTEXACO CORP COM		2010-10-07	2011-03-28
	10. CITIGROUP INC COM		2010-10-07	2011-03-28
	5. COACH INC COM		2009-08-26	2011-03-28
	5. EMC CORPORATION		2009-11-04	2011-03-28
	5. EBAY INC COM		2011-02-15	2011-03-28
	5. EXXON MOBIL CORP COM		2011-03-10	2011-03-28
	5. GENERAL ELEC CO COM		2010-03-03	2011-03-28
	5. GENERAL MILLS INC COM		2009-11-04	2011-03-28
	5. HERSHEY FOODS CORP COM		2010-10-07	2011-03-28
	5. INTEL CORP COM		2008-09-05	2011-03-28
	5. J P MORGAN CHASE & CO COM		2007-08-07	2011-03-28
	5. LIMITED INC COM		2010-10-07	2011-03-28
	5. MATTEL INC COM		2010-10-07	2011-03-28
	5. MICROSOFT CORP COM		2009-11-04	2011-03-28
	5. NATIONAL OIL-WELL INC COM		2010-10-07	2011-03-28
	5. ORACLE CORP COM		2005-06-16	2011-03-28
	178.253 PNC INTERMEDIATE BOND FUND CLASS I		2011-02-08	2011-03-28
	10. PFIZER INC COM		2010-10-07	2011-03-28
	5. PROCTER & GAMBLE CO COM		2008-09-05	2011-03-28
	5. STARBUCKS CORP COM		2011-02-02	2011-03-28
	5. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-03-28
	184.162 VANGUARD FIXED INC SECS FUND LONG TERM U S TREAS		2008-05-02	2011-03-28
	5. VIACOM INC		2009-08-26	2011-03-28
	5. WELLS FARGO & CO NEW COM		2009-08-26	2011-03-28
	5. WISCONSIN ENERGY CORP COM		2009-08-26	2011-03-28
	5. COVIDIEN PLC ISIN IE00B68SQD29 SEDOL B68SQD2		2010-03-03	2011-03-28
	165. COACH INC COM		2009-08-26	2011-04-07
	205. GENERAL MILLS INC COM			2011-04-07
	15. CORE LABORATORIES N V COM		2010-10-07	2011-04-11
	50. CORE LABORATORIES N V COM		2010-10-07	2011-04-12
	5. AT&T INC		2009-04-17	2011-04-29
	5. ALLERGAN INC COM		2009-08-26	2011-04-29
	5. AMERICAN EXPRESS CO COM		2009-11-18	2011-04-29
	5. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-04-29
	5. AMERIPRISE FINANCIAL INC		2010-11-23	2011-04-29
	5. APPLE COMPUTER INC COM		2009-08-26	2011-04-29
	15. BANK OF AMER CORP COM		2010-03-03	2011-04-29
	5. BORG WARNER AUTO COM		2011-03-10	2011-04-29
	5. CAPITAL ONE FINANCIAL CORP COM		2010-10-07	2011-04-29
	5. CELANESE CORP-SERIES A		2010-10-07	2011-04-29
	5. CENTURYTEL INC COM		2010-10-07	2011-04-29
	5. CHEVRONTEXACO CORP COM		2010-10-07	2011-04-29
	5. CHUBB CORP COM		2010-11-23	2011-04-29
	55. CITIGROUP INC COM		2010-10-07	2011-04-29
	5. COCA COLA CO COM		2011-02-15	2011-04-29
	5. DEERE & CO COM		2010-12-07	2011-04-29
	5. DISNEY WALT CO COM		2011-04-07	2011-04-29
	5. DOLLAR TREE INC		2009-08-26	2011-04-29
	5. DOVER CORP COM		2010-10-07	2011-04-29
	5. DU PONT E I DE NEMOURS & CO COM		2011-02-02	2011-04-29
	10. EMC CORPORATION		2009-11-04	2011-04-29
	5. EATON CORP COM		2010-12-07	2011-04-29
	5. EBAY INC COM		2011-02-15	2011-04-29
	5. EQUITY RESIDENTIAL PPTYS TR SBI		2010-10-07	2011-04-29
	10. EXXON MOBIL CORP COM		2011-03-10	2011-04-29
	15. GENERAL ELEC CO COM		2010-03-03	2011-04-29
	5. HERSHEY FOODS CORP COM		2010-10-07	2011-04-29
	5. HEWLETT PACKARD CO COM		2010-10-07	2011-04-29
	10. INTEL CORP COM		2008-09-05	2011-04-29
	10. J P MORGAN CHASE & CO COM		2007-08-07	2011-04-29
	5. JOHNSON & JOHNSON COM		2009-08-26	2011-04-29
	5. LAUDER ESTEE COS INC CL A		2011-04-07	2011-04-29
	10. LIMITED INC COM		2010-10-07	2011-04-29
	10. MATTEL INC COM		2010-10-07	2011-04-29
	5. MERCK & CO INC		2010-03-03	2011-04-29
	15. MICROSOFT CORP COM		2009-11-04	2011-04-29
	5. NATIONAL OIL-WELL INC COM		2010-10-07	2011-04-29
	5. NORTHEAST UTILS COM		2011-01-18	2011-04-29
	10. ORACLE CORP COM		2005-06-16	2011-04-29
	20. PFIZER INC COM		2010-10-07	2011-04-29
	5. PRICE T ROWE GROUP INC COM		2010-11-23	2011-04-29
	5. PROCTER & GAMBLE CO COM		2008-09-05	2011-04-29
	5. QUALCOMM INC COM		2011-02-15	2011-04-29
	5. SHIRE PHARMACEUTICAL GROUP SPONSORED ADR		2010-11-23	2011-04-29
	5. SMUCKER J M CO COM NEW		2010-03-03	2011-04-29
	10. STARBUCKS CORP COM		2011-02-02	2011-04-29
	5. TEXAS INSTRS INC COM		2011-02-15	2011-04-29
	5. TIFFANY & CO NEW COM		2011-02-02	2011-04-29
	5. UNION PAC CORP COM		2010-10-07	2011-04-29
	5. UNITED TECHNOLOGIES CORP COM		2009-11-04	2011-04-29
	5. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-04-29
	5. VIACOM INC		2009-08-26	2011-04-29
	5. WAL MART STORES INC COM		2008-05-02	2011-04-29
	5. WALGREEN CO COM		2011-02-15	2011-04-29
	10. WELLS FARGO & CO NEW COM		2009-08-26	2011-04-29
	10. WISCONSIN ENERGY CORP COM		2009-08-26	2011-04-29
	5. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-10-07	2011-04-29
	5. COVIDIEN PLC ISIN IE00B68SQD29 SEDOL B68SQD2		2010-03-03	2011-04-29
	25. PFIZER INC COM		2010-10-07	2011-05-16
	70. PFIZER INC COM		2010-03-03	2011-05-16
	40. SHIRE PHARMACEUTICAL GROUP SPONSORED ADR		2010-03-03	2011-05-16
	30. STARBUCKS CORP COM		2011-02-02	2011-05-16
	200. STARBUCKS CORP COM		2010-10-07	2011-05-16
	205.55 BLACKROCK FUNDS LOW DURATION BOND PORTFOLIO			2011-05-26
	.5 CITIGROUP INC		2010-10-07	2011-05-26
	307.557 PNC INTERMEDIATE BOND FUND CLASS I		2011-02-08	2011-05-26
	120. HEWLETT PACKARD CO COM		2010-10-07	2011-06-03
	120. PRICE T ROWE GROUP INC COM		2009-08-26	2011-06-03
	10. BANK OF AMER CORP COM		2010-03-03	2011-06-13
	10. EMC CORPORATION		2009-11-04	2011-06-13
	10. EXXON MOBIL CORP COM		2011-03-10	2011-06-13
	10. GENERAL ELEC CO COM		2010-03-03	2011-06-13
	10. INTEL CORP COM		2011-06-03	2011-06-13
	10. J P MORGAN CHASE & CO COM		2007-08-07	2011-06-13
	10. MACY'S INC		2011-05-16	2011-06-13
	10. MICROSOFT CORP COM		1995-11-28	2011-06-13
	10. ORACLE CORP COM		2005-06-16	2011-06-13
	10. PFIZER INC COM		2010-03-03	2011-06-13
	10. WELLS FARGO & CO NEW COM		2009-08-26	2011-06-13
	10. WISCONSIN ENERGY CORP COM		2009-08-26	2011-06-13
	150. WALGREEN CO COM			2011-06-29
	85. DEERE & CO COM			2011-07-18
	65. HESS CORPORATION		2011-03-10	2011-07-18
	15. NATIONAL OIL-WELL INC COM		2010-10-07	2011-07-18
	43.554 ASTON TAMRO SMALL CAP FUND CL I		2011-02-08	2011-07-26
	161.681 HARBOR FUNDS INTL GROWTH FD		2008-05-02	2011-07-26
	47. ISHARES BARCLAYS AGG BOND FUND ETF		2011-02-08	2011-07-26
	37. ISHARES BARCLAYS AGG BOND FUND ETF		2008-05-02	2011-07-26
	29. ISHARES TR RUSSELL MIDCAP INDEX FD		2011-02-08	2011-07-26
	72.307 ROYCE FD TOTAL RETURN		2011-02-08	2011-07-26
	31. VANGUARD MSCI EMERGING MARKETS ETF		2009-04-17	2011-07-26
	5. APPLE COMPUTER INC COM		2009-08-26	2011-08-05
	55. CELANESE CORP-SERIES A		2009-08-26	2011-08-05
	5. CELANESE CORP-SERIES A		2010-10-07	2011-08-05
	145. CENTURYTEL INC COM		2010-10-07	2011-08-05
	85. LIMITED INC COM		2010-10-07	2011-08-05
	35. NATIONAL OIL-WELL INC COM		2010-10-07	2011-08-05
	35. TIFFANY & CO NEW COM		2011-02-02	2011-08-05
	160. TEXAS INSTRS INC COM		2011-02-15	2011-08-19
	10. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-10-07	2011-08-19
	79. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-03-03	2011-08-19
	71. COOPER INDUSTRIES PLC SEDOL B40K911 ISIN IE00B40K9117		2010-03-03	2011-08-22
	45. APACHE CORP COM		2008-09-05	2011-09-19
	200. DISNEY WALT CO COM		2011-04-07	2011-09-19
	41. AT&T INC		2009-04-17	2011-09-29
	23. ALLERGAN INC COM		2009-08-26	2011-09-29
	29. AMERICAN EXPRESS CO COM		2011-06-03	2011-09-29
	36. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-09-29
	15. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-09-29
	29. AMERISOURCEBERGEN CORP COM		2010-03-03	2011-09-29
	32. AMERIPRISE FINANCIAL INC		2010-03-03	2011-09-29
	13. APPLE COMPUTER INC COM		2009-08-26	2011-09-29
	30. BAKER HUGHES INC COM			2011-09-29
	76. BANK OF AMER CORP COM		2010-03-03	2011-09-29
	18. BORG WARNER AUTO COM		2011-03-10	2011-09-29
	20. CAPITAL ONE FINANCIAL CORP COM		2010-10-07	2011-09-29
	15. CAPITAL ONE FINANCIAL CORP COM		2010-03-03	2011-09-29
	29. CELANESE CORP-SERIES A		2009-08-26	2011-09-29
	34. CHEVRONTEXACO CORP COM		2010-10-07	2011-09-29
	26. CHUBB CORP COM		2009-07-07	2011-09-29
	36. CITIGROUP INC		2010-10-07	2011-09-29
	9. COCA COLA CO COM		2010-10-07	2011-09-29
	15. COCA COLA CO COM		2011-02-15	2011-09-29
	13. CUMMINS ENGINE INC COM		2010-03-03	2011-09-29
	27. DOLLAR TREE INC		2009-08-26	2011-09-29
	30. DOVER CORP COM		2010-10-07	2011-09-29
	6. DU PONT E I DE NEMOURS & CO COM		2010-10-07	2011-09-29
	25. DU PONT E I DE NEMOURS & CO COM		2011-02-02	2011-09-29
	70. EMC CORPORATION		2009-11-04	2011-09-29
	29. EQT CORPORATION			2011-09-29
	31. EATON CORP COM		2010-12-07	2011-09-29
	36. EBAY INC COM		2011-02-15	2011-09-29
	20. EQUITY RESIDENTIAL PPTYS TR SBI		2010-10-07	2011-09-29
	30. EXXON MOBIL CORP COM		2011-03-10	2011-09-29
	18. EXXON MOBIL CORP COM		2009-08-26	2011-09-29
	82. GENERAL ELEC CO COM		2010-03-03	2011-09-29
	4. GOOGLE INC CL A		2008-05-02	2011-09-29
	37. HERSHEY FOODS CORP COM		2010-10-07	2011-09-29
	73. INTEL CORP COM		2011-06-03	2011-09-29
	15. INTERNATIONAL BUSINESS MACHS CORP COM		2009-08-26	2011-09-29
	60. J P MORGAN CHASE & CO COM			2011-09-29
	42. JOHNSON & JOHNSON COM		2011-05-16	2011-09-29
	14. JOY GLOBAL INC COM		2011-07-18	2011-09-29
	29. KRAFT FOODS INC-A COM		2011-08-19	2011-09-29
	17. LAUDER ESTEE COS INC CL A		2011-04-07	2011-09-29
	31. LIMITED INC COM		2010-10-07	2011-09-29
	62. MACY'S INC		2011-05-16	2011-09-29
	58. MATTEL INC COM		2010-10-07	2011-09-29
	17. MCDONALDS CORP COM		2011-08-05	2011-09-29
	26. MERCK & CO INC		2010-03-03	2011-09-29
	91. MICROSOFT CORP COM		1995-11-28	2011-09-29
	30. MOODYS CORP COM		2011-06-03	2011-09-29
	25. NATIONAL OIL-WELL INC COM		2010-10-07	2011-09-29
	33. NORTHEAST UTILS COM		2011-01-18	2011-09-29
	21. OGE ENERGY CORP COM		2011-08-19	2011-09-29
	72. ORACLE CORP COM		2005-06-16	2011-09-29
	16. PPG INDS INC COM		2010-10-07	2011-09-29
	4115.369 PNC INTERMEDIATE BOND FUND CLASS I		2008-05-02	2011-09-29
	2076.364 PNC INTERMEDIATE BOND FUND CLASS I		2011-02-08	2011-09-29
	101. PFIZER INC COM			2011-09-29
	37. PROCTER & GAMBLE CO COM		2008-09-05	2011-09-29
	36. QUALCOMM INC COM			2011-09-29
	12. SHIRE PHARMACEUTICAL GROUP SPONSORED ADR		2010-03-03	2011-09-29
	21. SMUCKER J M CO COM NEW		2010-03-03	2011-09-29
	29. TARGET CORP		2011-09-19	2011-09-29
	17. TIFFANY & CO NEW COM		2011-02-02	2011-09-29
	18. UNION PAC CORP COM		2010-10-07	2011-09-29
	21. UNITED TECHNOLOGIES CORP COM		2009-08-26	2011-09-29
	31. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-09-29
	32. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-09-29
	9. UNITEDHEALTH GROUP INC COM		2009-08-26	2011-09-29
	35. VIACOM INC		2009-08-26	2011-09-29
	55. VODAFONE GROUP PLC SPONSORED ADR NEW		2011-08-05	2011-09-29
	31. WAL MART STORES INC COM		2008-05-02	2011-09-29
	59. WELLS FARGO & CO NEW COM		2009-08-26	2011-09-29
	21. WHOLE FOOD MT INC COM		2011-06-29	2011-09-29
	57. WISCONSIN ENERGY CORP COM		2009-08-26	2011-09-29
	34. COVIDIEN PLC ISIN IE00B68SQD29 SEDOL B68SQD2		2010-03-03	2011-09-29
	40. BRISTOL-MYERS SQUIBB COM		2011-09-29	2011-10-07
	3. CUMMINS ENGINE INC COM		2010-03-03	2011-10-07
	5. DOVER CORP COM		2010-10-07	2011-10-07
	6. HERSHEY FOODS CORP COM		2010-10-07	2011-10-07
	15. NATIONAL OIL-WELL INC COM		2010-10-07	2011-10-07
	5. PPG INDS INC COM		2010-10-07	2011-10-07
	5. UNION PAC CORP COM		2010-10-07	2011-10-07
	10. VIACOM INC		2009-08-26	2011-10-12
	120. VIACOM INC		2009-08-26	2011-10-12
	7. APPLE COMPUTER INC COM		2009-08-26	2011-11-11
	61. BAKER HUGHES INC COM			2011-11-11
	11. INTERNATIONAL BUSINESS MACHS CORP COM		2009-08-26	2011-11-11
	49. BAKER HUGHES INC COM			2011-11-14
	63. TIFFANY & CO NEW COM		2011-02-02	2011-12-01
	54. PPG INDS INC COM		2010-10-07	2011-12-15
	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	6,075	5,938	137
b	7,251	6,988	263
c	3,408	2,199	1,209
d	3,302	2,199	1,103
e	1,253	1,174	79
	1,401	1,118	283
	913	630	283
	889	832	57
	1,656	1,268	388
	1,858	1,541	317
	576	558	18
	5,157	2,516	2,641
	1,017	1,240	-223
	464	312	152
	928	557	371
	1,444	1,180	264
	1,437	1,147	290
	1,302	1,200	102
	2,840	2,495	345
	1,480	1,424	56
	1,282	1,434	-152
	1,554	1,360	194
	541	294	247
	1,082	733	349
	1,256	1,186	70
	1,112	595	517
	1,363	1,228	135
	1,298	837	461
	1,494	1,356	138
	1,005	920	85
	1,624	1,084	540
	1,061	1,009	52
	1,066	967	99
	3,191	2,851	340
	2,250	1,604	646
	1,615	1,351	264
	1,414	1,463	-49
	3,095	2,920	175
	1,434	1,438	-4
	1,171	1,018	153
	1,093	1,042	51
	2,425	1,793	632
	2,484	2,500	-16
	1,217	1,214	3
	1,317	1,291	26
	1,333	1,300	33
	665	747	-82
	2,448	2,358	90
	2,834	1,820	1,014
	1,036	1,013	23
	983	977	6
	2,137	816	1,321
	1,257	1,114	143
	1,638	1,167	471
	2,024	1,914	110
	1,698	1,433	265
	1,909	2,128	-219
	1,099	1,040	59
	1,606	1,462	144
	1,234	1,193	41
	1,163	911	252
	1,429	1,248	181
	1,654	1,279	375
	1,687	1,160	527
	1,272	756	516
	1,439	1,432	7
	1,783	1,515	268
	1,522	1,160	362
	1,842	1,490	352
	1,686	1,758	-72
	880	858	22
	10,055	8,329	1,726
	3,642	2,125	1,517
	7,216	4,732	2,484
	6,067	7,768	-1,701
	9,591	6,351	3,240
	279	261	18
	373	282	91
	141	165	-24
	1,027	832	195
	90	84	6
	272	167	105
	851	713	138
	203	162	41
	367	326	41
	216	208	8
	452	454	-2
	322	287	35
	253	236	17
	260	277	-17
	810	455	355
	324	126	198
	196	174	22
	329	321	8
	441	290	151
	317	275	42
	296	232	64
	526	502	24
	859	783	76
	6,685	5,042	1,643
	2,979	1,820	1,159
	6,243	6,040	203
	147	130	17
	195	141	54
	67	83	-16
	261	197	64
	217	164	53
	532	416	116
	44	42	2
	258	147	111
	137	83	54
	155	172	-17
	419	410	9
	99	81	18
	183	163	20
	271	240	31
	103	104	-1
	232	227	5
	162	143	19
	126	118	8
	128	139	-11
	408	228	180
	163	63	100
	2,000	1,984	16
	204	174	30
	305	355	-50
	184	161	23
	218	145	73
	2,000	2,107	-107
	227	126	101
	159	138	21
	150	116	34
	258	251	7
	8,521	4,846	3,675
	7,368	6,179	1,189
	1,466	1,287	179
	4,707	4,289	418
	157	130	27
	397	280	117
	245	208	37
	203	141	62
	310	257	53
	1,765	839	926
	185	248	-63
	385	383	2
	274	197	77
	250	164	86
	204	200	4
	547	416	131
	325	285	40
	249	230	19
	338	315	23
	486	409	77
	216	210	6
	289	167	122
	340	271	69
	283	259	24
	284	167	117
	269	252	17
	171	172	-1
	297	242	55
	878	819	59
	307	243	64
	289	240	49
	202	204	-2
	229	208	21
	456	454	2
	329	303	26
	484	476	8
	409	287	122
	267	236	31
	180	187	-7
	383	416	-33
	386	228	158
	177	163	14
	356	126	230
	418	348	70
	321	287	34
	325	355	-30
	289	293	-4
	465	366	99
	377	298	79
	365	321	44
	178	180	-2
	348	292	56
	516	416	100
	449	320	129
	245	145	100
	255	126	129
	274	286	-12
	215	213	2
	291	275	16
	312	232	80
	330	248	82
	280	251	29
	524	435	89
	1,468	1,212	256
	3,765	2,669	1,096
	1,059	964	95
	7,060	5,206	1,854
	2,000	1,983	17
	20	21	-1
	3,500	3,423	77
	4,342	4,885	-543
	7,106	5,502	1,604
	109	165	-56
	261	167	94
	796	819	-23
	183	162	21
	213	219	-6
	413	454	-41
	270	282	-12
	239	56	183
	316	126	190
	203	173	30
	267	275	-8
	308	232	76
	6,268	6,375	-107
	6,763	6,959	-196
	4,688	5,169	-481
	1,167	683	484
	1,000	987	13
	2,000	2,513	-513
	5,049	4,902	147
	3,975	3,779	196
	3,160	3,095	65
	1,000	983	17
	1,514	844	670
	1,868	839	1,029
	2,415	1,439	976
	220	164	56
	4,900	5,800	-900
	2,972	2,438	534
	2,356	1,593	763
	2,418	2,045	373
	4,006	5,751	-1,745
	422	497	-75
	3,333	3,755	-422
	2,970	3,374	-404
	4,272	5,019	-747
	6,467	8,395	-1,928
	1,178	1,070	108
	1,968	1,286	682
	1,359	1,434	-75
	1,386	1,014	372
	579	423	156
	1,097	817	280
	1,311	1,304	7
	5,125	2,181	2,944
	1,454	2,183	-729
	483	1,257	-774
	1,108	1,379	-271
	822	787	35
	616	573	43
	1,078	759	319
	3,190	2,828	362
	1,570	1,022	548
	960	1,507	-547
	621	534	87
	1,036	945	91
	1,121	774	347
	2,052	904	1,148
	1,429	1,627	-198
	249	276	-27
	1,036	1,296	-260
	1,515	1,167	348
	1,603	1,783	-180
	1,146	1,563	-417
	1,126	1,239	-113
	1,070	967	103
	2,213	2,458	-245
	1,328	1,283	45
	1,296	1,328	-32
	2,119	2,336	-217
	2,193	1,774	419
	1,640	1,598	42
	2,697	1,793	904
	1,895	2,330	-435
	2,676	2,793	-117
	924	1,343	-419
	1,003	980	23
	1,512	1,619	-107
	1,238	889	349
	1,680	1,747	-67
	1,539	1,371	168
	1,508	1,442	66
	849	971	-122
	2,340	513	1,827
	926	1,182	-256
	1,348	1,138	210
	1,126	1,074	52
	991	966	25
	2,166	904	1,262
	1,169	1,188	-19
	46,792	44,569	2,223
	23,608	23,110	498
	1,820	1,717	103
	2,352	2,624	-272
	1,832	2,104	-272
	1,125	801	324
	1,551	1,252	299
	1,471	1,520	-49
	1,095	993	102
	1,526	1,497	29
	1,525	1,254	271
	1,463	899	564
	1,485	928	557
	427	261	166
	1,431	882	549
	1,439	1,503	-64
	1,613	1,775	-162
	1,471	1,625	-154
	1,438	1,340	98
	1,798	1,323	475
	1,536	1,708	-172
	1,294	1,246	48
	274	179	95
	254	271	-17
	354	288	66
	895	683	212
	371	371
	448	416	32
	437	252	185
	5,191	3,024	2,167
	2,684	1,174	1,510
	3,545	4,166	-621
	2,061	1,315	746
	2,802	2,903	-101
	4,198	3,681	517
	4,326	4,010	316
			18

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			137
b			263
c			1,209
d			1,103
e			79
			283
			283
			57
			388
			317
			18
			2,641
			-223
			152
			371
			264
			290
			102
			345
			56
			-152
			194
			247
			349
			70
			517
			135
			461
			138
			85
			540
			52
			99
			340
			646
			264
			-49
			175
			-4
			153
			51
			632
			-16
			3
			26
			33
			-82
			90
			1,014
			23
			6
			1,321
			143
			471
			110
			265
			-219
			59
			144
			41
			252
			181
			375
			527
			516
			7
			268
			362
			352
			-72
			22
			1,726
			1,517
			2,484
			-1,701
			3,240
			18
			91
			-24
			195
			6
			105
			138
			41
			41
			8
			-2
			35
			17
			-17
			355
			198
			22
			8
			151
			42
			64
			24
			76
			1,643
			1,159
			203
			17
			54
			-16
			64
			53
			116
			2
			111
			54
			-17
			9
			18
			20
			31
			-1
			5
			19
			8
			-11
			180
			100
			16
			30
			-50
			23
			73
			-107
			101
			21
			34
			7
			3,675
			1,189
			179
			418
			27
			117
			37
			62
			53
			926
			-63
			2
			77
			86
			4
			131
			40
			19
			23
			77
			6
			122
			69
			24
			117
			17
			-1
			55
			59
			64
			49
			-2
			21
			2
			26
			8
			122
			31
			-7
			-33
			158
			14
			230
			70
			34
			-30
			-4
			99
			79
			44
			-2
			56
			100
			129
			100
			129
			-12
			2
			16
			80
			82
			29
			89
			256
			1,096
			95
			1,854
			17
			-1
			77
			-543
			1,604
			-56
			94
			-23
			21
			-6
			-41
			-12
			183
			190
			30
			-8
			76
			-107
			-196
			-481
			484
			13
			-513
			147
			196
			65
			17
			670
			1,029
			976
			56
			-900
			534
			763
			373
			-1,745
			-75
			-422
			-404
			-747
			-1,928
			108
			682
			-75
			372
			156
			280
			7
			2,944
			-729
			-774
			-271
			35
			43
			319
			362
			548
			-547
			87
			91
			347
			1,148
			-198
			-27
			-260
			348
			-180
			-417
			-113
			103
			-245
			45
			-32
			-217
			419
			42
			904
			-435
			-117
			-419
			23
			-107
			349
			-67
			168
			66
			-122
			1,827
			-256
			210
			52
			25
			1,262
			-19
			2,223
			498
			103
			-272
			-272
			324
			299
			-49
			102
			29
			271
			564
			557
			166
			549
			-64
			-162
			-154
			98
			475
			-172
			48
			95
			-17
			66
			212

			32
			185
			2,167
			1,510
			-621
			746
			-101
			517
			316

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	65,339
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	207,629	915,897	0.226695
2009	211,492	1,101,342	0.192031
2008	238,055	1,548,681	0.153715
2007	205,102	1,979,007	0.103639
2006	161,694	1,906,103	0.08483

2	Total of line 1, column (d) ......................	2	0.76091
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	0.152182
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	1,009,632
5	Multiply line 4 by line 3.......................	5	153,648
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	832
7	Add lines 5 and 6.........................	7	154,480
8	Enter qualifying distributions from Part XII, line 4..............	8	176,431
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	832
	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	832
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	832
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	1,115
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	1,115
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	283
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax283	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

(216) 257-4714

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 2	9,704
P O BOX 94651 CLEVELAND,OH441014651	TRUSTEE 2	9,704

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

1,025,007

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

1,025,007

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

1,025,007

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

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

15,375

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

1,009,632

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

50,482

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

50,482

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

832

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

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

832

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

49,650

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

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

49,650

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

49,650

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 ..........

176,431

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

176,431

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

832

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

175,599

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					49,650
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				0
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	68,814
b From 2007.......	109,720
c From 2008.......	161,239
d From 2009.......	156,889
e From 2010.......	162,456
fTotal of lines 3a through e.........		659,118
4Qualifying distributions for 2011 from Part
XII, line 4: $ 176,431
a Applied to 2010, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2011 distributable amount.....					49,650
e Remaining amount distributed out of corpus		126,781
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		785,899
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 ..........					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) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		68,814
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		717,085
10 Analysis of line 9:
a Excess from 2007....	109,720
b Excess from 2008....	161,239
c Excess from 2009....	156,889
d Excess from 2010....	162,456
e Excess from 2011....	126,781

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:

THE VIRGINIA GAY FUND
750 BROOKSEDGE SUITE 104
WESTERVILLE,OH430812881
(216) 257-4714

bThe form in which applications should be submitted and information and materials they should include:

REQUEST INFORMATION AND APPLICATION FROM ADDRESS LISTED ABOVE

cAny submission deadlines:

SEE APPLICATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

MUST BE RETIRED OHIO SCHOOL TEACHER

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
RENTAL AND MEDICAL ASSISTANCE TO RETIRED OHIO TEACHERS PO BOX 94651 CLEVELAND,OH441014651	NONE	N/A	ASSISTANCE TO NEEDY INDIVIDUALS	169,427
Total ................................. 3a				169,427

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	22,720
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	65,339
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)..				88,059

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

1388,059

(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	Revenue and Expenses per Books	Disbursements for Charitable Purposes
MISC FOUNDATION EXPENSES	1,208	1,208
STATE FILING FEE	200	200
COURT COSTS	44	44

Category	Amount	Net Investment Income
FOREIGN TAXES	3	3
FEDERAL TAX PAYMENT - PRIOR YE	500	0
FEDERAL ESTIMATES - INCOME	1,000	0
FOREIGN TAXES ON QUALIFIED FOR	32	32
FOREIGN TAXES ON NONQUALIFIED	20	20

Description	Amount
POSTED CURR YR TAXED PRIOR YR	1,021
ROUNDING ADJUSTMENT	19