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
THE RILEY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)4518 POPLAR SPRINGS DRIVE Room/suite

City or town, state, and ZIP code
MERIDIAN, MS39305

A Employer identification number

64-0707746

B Telephone number (see page 10 of the instructions)

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

$55,152,299J 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......	2,148,465		2,148,465
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-366,070
b	Gross sales price for all assets on line 6a 11,485,810
7	Capital gain net income (from Part IV, line 2)...			282,367
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		240,159	179,230
12	Total. Add lines 1 through 11........	2,022,554		2,610,062
13	Compensation of officers, directors, trustees, etc.	457,647		95,185		321,667
14	Other employee salaries and wages......	55,221		5,522		41,416
15	Pension plans, employee benefits.......	177,991		31,022		122,064
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		20,329	5,082		5,101
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		21,700
19	Depreciation (attach schedule) and depletion...		88,298
20	Occupancy..............	55,940		11,188		33,921
21	Travel, conferences, and meetings.......	4,183		92		3,952
22	Printing and publications..........
23	Other expenses (attach schedule).......		101,664	9,567		73,473
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	982,973		157,658		601,594
25	Contributions, gifts, grants paid........	4,200,995				4,200,995
26	Total expenses and disbursements. Add lines 24 and 25	5,183,968		157,658		4,802,589
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,161,414
b	Net investment income (if negative, enter -0-)			2,452,404
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..........	4,675,249	3,066,924	3,066,924
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	6,464	36,771	36,771
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	42,303,296	43,530,986	43,530,986
	c	Investments—corporate bonds (attach schedule)........	6,741,492	4,824,986	4,824,986
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	131,781	93,401	93,401
	14	Land, buildings, and equipment: basis 3,716,767
		Less: accumulated depreciation (attach schedule) 1,256,132	2,497,005	2,460,635	3,599,231
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	56,355,287	54,013,703	55,152,299
	17	Accounts payable and accrued expenses..........	3,419	2,186
	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)..........	3,419	2,186
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	56,351,868	54,011,517
	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.........
	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)....................	56,351,868	54,011,517
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	56,355,287	54,013,703

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	56,351,868
2	Enter amount from Part I, line 27a.....................	2	-3,161,414
3	Other increases not included in line 2 (itemize)	3	821,063
4	Add lines 1, 2, and 3..........................	4	54,011,517
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	54,011,517

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	CITIZENS UTILITES 250000 CB	P	2004-06-09	2011-01-12
b	CORTS JC PENNEY 13000 SHS PFD	P	2008-08-29	2011-01-12
c	NATIONAL RETAIL 4000 SHARES PFD	P	2006-10-05	2011-01-12
d	ALEXANDRIA 10000 SHARES PFD	P	2004-06-18	2011-01-12
e	AM ELEC POWER 10000 SHARES PFD	P	2008-03-13	2011-01-12
	BANCORP SOUTH 28000 SHARES PFD	P	2008-10-09	2011-01-12
	BANK OF AMERICA 10000 SHARES PFD	P	2008-10-09	2011-01-12
	WEYERHAUSER 100000 CB	P	2005-01-20	2011-01-12
	GRACE ACQ 10000 SSHARES PFD	P	2008-01-22	2011-01-28
	AMERICAN EXPRESS 5000 SHARES COM	P	2005-12-01	2011-04-06
	GENERAL ELECTRIC 15000 SHARES COM	P	1998-04-22	2011-04-06
	METLIFE 5923 SHARES COMMON	P	2008-08-15	2011-04-06
	MORGAN STANLEY 200000 CB	P	2008-04-22	2011-05-02
	CATERPILLAR 100000 CB	P	2007-05-07	2011-05-16
	DOW CHEMICAL 100000 CB	P	2008-11-07	2011-05-16
	DOW CHEMICAL 50000 CB	P	2009-05-26	2011-05-16
	FAIRFAX INTL 400000 IB	P	2004-12-09	2011-05-19
	XEROX CORP 500000 CB	P	2009-06-01	2011-05-23
	AMERICAN EUROPAC 29240 SHARES MF	P	2010-12-31	2011-05-03
	AM NEW WORLD 13751 SHARES MF	P	2010-12-31	2011-05-03
	QWEST LITIGATION	P	2010-12-31	2011-06-02
	BANK AMERICA 100000 CB	P	2009-06-16	2011-06-21
	MERRILL LYNCH 250000 CB	P	2010-07-08	2011-06-21
	MERRILL LYNCH 200000 CB	P	2011-01-20	2011-06-21
	WACHOVIA 350000 CB	P	2009-08-17	2011-06-21
	GENERAL MTRS LITIGATION	P	2010-12-31	2011-07-06
	VORNADO REALTY 10000 SHARES PFD	P	2010-07-08	2011-07-12
	VORNADO REALTY 18000 SHARES PFD	P	2010-08-05	2011-07-12
	ABBOTT LABS 2100 SHARES COMMON	P	2009-05-26	2011-08-05
	EMERSON ELEC 2200 SHARES COMMON	P	2006-09-19	2011-08-05
	JP MORGAN 2600 SHARES COMMON	P	2004-12-09	2011-08-05
	UNUMPROVIDENT LITIGATION	P	2010-12-31	2011-09-27
	G E CAPITAL 100000 CB	P	2008-09-24	2011-09-13
	VERIZON NETWORK 200000 CB	P	2005-01-20	2011-09-13
	WACHOVIA 14800 SHARES PFD	P	2010-07-08	2011-10-03
	ABBOTT LABS 4750 SHARES COMMON	P	2010-04-08	2011-11-30
	APACHE 2000 SHARES COMMON	P	2009-08-14	2011-11-30
	APACHE 1250 SHARES COMMON	P	2011-01-18	2011-11-30
	EMERSON 7400 SHARES COMMON	P	2006-09-19	2011-11-30
	HOSPIRA 900 SHARES COMMON	P	2011-01-18	2011-11-30
	HOSPIRA 9100 SHARES COMMON	P	2009-06-15	2011-11-30
	JP MORGAN 4100 SHARES COMMON	P	2004-12-09	2011-11-30
	UNITED TECH 2000 SHARES COMMON	P	2008-06-16	2011-11-30
	UNITED TECH 1100 SHARES COMMON	P	2011-05-16	2011-11-30
	WELLS FARGO 10200 SHARES COMMON	P	1998-03-27	2011-11-30
	CVS CAREMARK 100000 CB	P	2009-01-28	2011-12-08
	VIACOM 16000 SHARES PFD	P	2010-02-23	2011-12-14

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	228,125	215,000	13,125
b	316,473	319,450	-2,977
c	97,717	100,000	-2,283
d	250,716	250,000	716
e	271,395	250,000	21,395
	703,591	700,000	3,591
	249,696	214,420	35,276
	93,500	98,625	-5,125
	5,300	250,000	-244,700
	226,512	261,000	-34,488
	304,940	432,330	-127,390
	270,216	274,924	-4,708
	200,000	200,000
	100,000	100,000
	100,000	100,000
	50,000	50,000
	426,300	412,500	13,800
	507,350	394,672	112,678
	1,307,549	1,032,791	274,758
	781,647	689,314	92,333
	390		390
	103,275	90,625	12,650
	238,473	237,220	1,253
	223,296	215,618	7,678
	315,875	234,505	81,370
	158		158
	274,995	259,160	15,835
	494,991	477,000	17,991
	103,817	95,112	8,705
	102,821	90,420	12,401
	100,295	97,714	2,581
	59		59
	104,678	99,750	4,928
	208,468	185,184	23,284
	370,000	387,144	-17,144
	256,885	249,640	7,245
	195,185	173,236	21,949
	121,990	150,304	-28,314
	382,152	353,030	29,122
	24,841	51,331	-26,490
	251,168	351,294	-100,126
	125,471	154,088	-28,617
	151,997	137,747	14,250
	83,598	97,683	-14,085
	259,273	208,607	50,666
	100,000	56,005	43,995
	400,632	406,000	-5,368

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			13,125
b			-2,977
c			-2,283
d			716
e			21,395
			3,591
			35,276
			-5,125
			-244,700
			-34,488
			-127,390
			-4,708




			13,800
			112,678
			274,758
			92,333
			390
			12,650
			1,253
			7,678
			81,370
			158
			15,835
			17,991
			8,705
			12,401
			2,581
			59
			4,928
			23,284
			-17,144
			7,245
			21,949
			-28,314
			29,122
			-26,490
			-100,126
			-28,617
			14,250
			-14,085
			50,666
			43,995
			-5,368

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	282,367
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	2,069,069	50,032,501	0.041354
2009	1,320,792	40,518,309	0.032597
2008	1,910,827	46,249,152	0.041316
2007	4,458,046	57,057,152	0.078133
2006	4,686,925	54,098,971	0.086636

2	Total of line 1, column (d) ......................	2	0.280037
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	0.056007
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	53,173,393
5	Multiply line 4 by line 3.......................	5	2,978,082
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	24,524
7	Add lines 5 and 6.........................	7	3,002,606
8	Enter qualifying distributions from Part XII, line 4..............	8	4,850,436
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	24,524
	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	24,524
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	24,524
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	52,752
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	52,752
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
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	28,228
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax28,228	Refunded	11

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

WWW.RILEYFOUNDATION.ORG

The books are in care of bullet

BECKY FARLEY Telephone no. bullet

(601) 481-1430

Located at bullet

4518 POPLAR SPRINGS DRIVEMERIDIANMS ZIP+4 bullet

39305

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.) .........

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
WILLIAM G RILEY	CHAIRMAN 30	55,630	22,930	0
4518 POPLAR SPRINGS DRIVE MERIDIAN,MS39305	CHAIRMAN 30	55,630	22,930	0
I A ROSENBAUM	PRESIDENT 30	92,716	23,563	0
4518 POPLAR SPRINGS DRIVE MERIDIAN,MS39305	PRESIDENT 30	92,716	23,563	0
BOB DEEN	VICE PRES 30	111,260	42,746	0
4518 POPLAR SPRINGS DRIVE MERIDIAN,MS39305	VICE PRES 30	111,260	42,746	0
MARTY DAVIDSON	DIRECTOR 10	15,500	0	0
BOX 3804 MERIDIAN,MS39303	DIRECTOR 10	15,500	0	0
EDWIN DOWNER	DIRECTOR 5	12,000	0	0
7642 POPLAR SPRINGS DRIVE MERIDIAN,MS39302	DIRECTOR 5	12,000	0	0
RICHARD F RILEY JR	DIRECTOR 5	12,000	0	0
3000 K ST NW WASHINGTON,DC20007	DIRECTOR 5	12,000	0	0
GAIL W RILEY	DIRECTOR 5	12,000	0	0
7642 STOCKTON AVE EL CERRITO,CA94530	DIRECTOR 5	12,000	0	0
MALCOLM POTERA	DIRECTOR 15	19,500	0	0
401 QUEEN CITY AVENUE TUSCALOOSA,AL35401	DIRECTOR 15	19,500	0	0
TOMMY DULANEY	DIRECTOR 6	13,750	0	0
BOX 2929 MERIDIAN,MS39302	DIRECTOR 6	13,750	0	0
MARY ANN RILEY	DIRECTOR 5	12,000	0	0
1805 36TH ST MERIDIAN,MS39305	DIRECTOR 5	12,000	0	0
BECKY FARLEY	EXEC DIRECTOR 40	86,291	36,532	0
4518 POPLAR SPRINGS DRIVE MERIDIAN,MS39305	EXEC DIRECTOR 40	86,291	36,532	0
MANNY MITCHELL	DIRECTOR 5	9,000	0	0
100 49TH AVENUE Meridian,MS39305	DIRECTOR 5	9,000	0	0
CHRISTINE RILEY	DIRECTOR 5	6,000	0	0
3715 HIGHWAY 39 N Meridian,MS39305	DIRECTOR 5	6,000	0	0

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

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

50,207,744

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

3,461,867

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

313,529

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

53,983,140

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

53,983,140

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

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

809,747

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

53,173,393

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

2,658,670

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

2,658,670

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

24,524

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

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

24,524

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

2,634,146

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

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

2,634,146

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

2,634,146

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 ..........

4,802,589

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

47,847

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

4,850,436

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

24,524

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

4,825,912

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	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			2,634,146
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	2,034,825
b From 2007.......	1,694,686
c From 2008.......
d From 2009.......
e From 2010.......
fTotal of lines 3a through e.........		3,729,511
4Qualifying distributions for 2011 from Part
XII, line 4: $ 4,850,436
a Applied to 2010, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....			2,634,146
e Remaining amount distributed out of corpus		2,216,290
5 Excess distributions carryover applied to 2011.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		5,945,801
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		2,034,825
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		3,910,976
10 Analysis of line 9:
a Excess from 2007....	1,694,686
b Excess from 2008....
c Excess from 2009....
d Excess from 2010....
e Excess from 2011....	2,216,290

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:

BECKY FARLEY
4518 POPLAR SPRINGS DRIVE
MERIDIAN,MS39305
(601) 481-1430

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

FOUNDATION APPLICATIONS PROVIDED UPON REQUEST

cAny submission deadlines:

NONE

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

LAUDERDALE COUNTY MISSISSIPPI

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
ASSOC OF SMALL FOUNDATIONS 33 WILD BERRY LANE Underhill,VT05489			GENERAL SUPPORT	695
BOYS AND GIRLS CLUB OF LAUD 1717 45TH AVE Meridian,MS39304			SUMMER WORKPROGRAM	4,500
BOYS AND GIRLS CLUB OF LAUD 1717 45TH AVE Meridian,MS39304			MATCHINGCONTRIBUTIONOPERATING EXPENSE	10,000
BOYS AND GIRLS CLUB OF LAUD 1717 45TH AVE Meridian,MS39304			OPERATING SUPPORT	10,000
CARE LODGE DOMESTIC VIOLENCE P O BOX 5331 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
CITY OF MERIDIAN P O BOX 1430 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
COMMUMNITY FOUND OF EAST MS P O BOX 865 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
COMMUNITY FOUND OF EAST MS P O BOX 865 Meridian,MS39302			ANNUAL CONFERENCEFOR EXEC DIRECTOR	1,800
EAST MS BUSINESS DEVELOPMENT 1901 FRONT STREET SUITE A Meridian,MS39301			SUMMER WORKPROGRAM	4,500
EAST MS BUSINESS DEVELOPMENT 1901 FRONT STREET SUITE A Meridian,MS39301			ANNUALCONTRIBUTION	500
EAST MS BUSINESS DEVELOPMENT 1901 FRONT STREET SUITE A Meridian,MS39301			OPERATING SUPPORT	1,000
EAST MS FOOTHILLS LAND TRUST P O BOX 1608 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
HOPE VILLAGE FOR CHILDREN P O BOX 26 Meridian,MS39302			MATCH FOROPERATING EXPENSE	10,000
LAUD OUTREACH AND VOLUNTEER 801 18TH AVE Meridian,MS39301			SUMMER WORKPROGRAM	4,500
MERIDIAN ART ASSOCIATION 628 25TH AVE Meridian,MS39301			OPERATING SUPPORT	10,000
MERIDIAN ART ASSOCIATION 628 25TH AVE Meridian,MS39301			SUMMER WORKPROGRAM	4,500
MERIDIAN ART ASSOCIATION 628 25TH AVE Meridian,MS39301			PAINT EXTERIOR OFBUILDING	6,500
MERIDIAN COMMUNITY COLLEGE 910 HWY 19 NORTH Meridian,MS39307			TUITION GUARANTEEPROGRAM	15,000
MERIDIAN LITTLE THEATRE P O BOX 3157 Meridian,MS39303			OPERATING SUPPORTSEASONAL PLAYS	10,000
MERIDIAN SYMPHONY ASSOCIATION P O BOX 2171 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
MERIDIAN SYMPHONY ASSOCIATION P O BOX 2171 Meridian,MS39302			CONCERT ANDRECORDERS FORLINK PROGRAM	20,000
ALDERSGATE PERSONAL CARE 6600 POPLAR SPRINGS DRIVE Meridian,MS39305			SUMMER WORKPROGRAM	4,500
MISSISSIPPI ART COMMISSION 501 NORTH WEST ST SUITE 1101A Jackson,MS39201			WHOLE SCHOOLSSUMMER INITIATIVE	10,000
MISSISSIPPI JUNIOR MS PROG P O BOX 582 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762			STUDENTINTERNSHIPPROGRAM	17,500
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762			MSU RILEY CENTERSUBSIDIZE BUSOPERATION	4,000
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762			SUMMER WORKPROGRAM	4,500
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762			MSU RILEY CENTERSUBSIDIZE BUSOPERATION	4,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762			RENOVATION OFNEWBERRY BUILDING	3,500,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762			MSU MERIDIANSCHOLARSHIPPROGRAM	75,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762			RILEY NEXT STEPSCHOLARSHIPPROGRAM	200,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762			MSU RILEY CENTERENDOWMENT	100,000
MULI COUNTY COMMUNITY SERVICES 2900 ST PAUL STREET Meridian,MS39302			SUMMER WORKPROGRAM	4,500
SOUTHEASTERN COUNCIL OF FDNS 50 HURT PLAZA STE 350 Atlanta,GA30303			GENERAL SUPPORT	2,500
STATE GAMES OF MISSISSIPPI P O BOX 5866 Meridian,MS39302			SUMMER WORKPROGRAM	4,500
HOUSING AUTH OF CITY OF MDN 2423 E STREET Meridian,MS39302			SUMMER WORKPROGRAM	4,000
UNITED WAY OF EAST MS WEST AL 2003 23RD AVE Meridian,MS39301			ENDOWMENT	100,000
UNITED WAY OF EAST MS WEST AL 2003 23RD AVE Meridian,MS39301			SUMMER WORKPROGRAM	4,500
WESLEY HOUSE COMMUNITY CENTER 1520 8TH AVE Meridian,MS39301			EVENING CLINICALSUPPLEMENT	10,000
WESLEY HOUSE COMMUNITY CENTER 1520 8TH AVE Meridian,MS39301			COMMUNITY CENTERFREE CLINIC	10,000
YPOP MINISTRIES P O BOX 1944 Meridian,MS39301			10 YEAR MUSICALCELEBRATION	1,000
Total ................................. 3a				4,200,995

bApproved for future payment
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762	STUDENTINTERNSHIPPROGRAM	17,500
MISSISSIPPI STATE UNIVERSITY 610 ALLEN HALL Mississippi State,MS39762	MSU SCHOOL OFNURSING RENOVATEKRESS BUILDING	5,500,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762	KRESS BUILDINGRENOVATION	2,000,000
MS STATE UNIVERSITY FOUNDATION P O BOX 6149 Mississippi State,MS39762	RILEY NEXT STEPSCHOLARSHIPPROGRAM	100,000
UNITED WAY OF EAST MS WEST AL 2003 23RD AVE Meridian,MS39301	ENDOWMENT	75,000
Total ................................. 3b		7,692,500

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	2,148,465
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.....			15	179,230
8Gain or (loss) from sales of assets other than inventory			18	-366,070
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aRECIPROCAL RECEIPT				60,929
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				2,022,554

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

132,022,554

(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.)
11a	THE RECEIPTS ARE USED TO MAKE GRANTS AND DISTRIBUTIONS

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

- TIN:

TY 2011 AccountingFeesSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
MONTHLY ACCOUNTING	8,725	2,181	2,200
IRS FILINGS	3,500	875	875
FINANCIAL AUDIT	8,104	2,026	2,026

- TIN:

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

TY 2011 DepreciationSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
BUILDING	2000-06-18	3,066,860	805,056	SL	250 %	76,672
BUILDING ADDITION	2001-06-14	13,858	3,288	SL	250 %	346
OFFICE EQUIPMENT	1999-12-31	14,713	14,713	SL	5
OFFICE EQUIPMENT	2000-12-31	16,826	16,826	SL	5
PROJECTOR	2001-08-16	4,815	4,815	SL	7
OFFICE EQUIPMENT	2003-12-31	21,277	21,277	SL	5
OFFICE EQUIPMENT	2004-12-31	3,667	3,667	SL	5
COMPUTER	2005-09-13	2,532	2,532	SL	5
OFFICE EQUIPMENT	2006-04-12	2,893	2,694	SL	2000 %	199
GRANT SOFTWARE	2007-07-16	15,579	10,906	SL	2000 %	3,115
PAINTINGS	1999-12-31	800	800	SL	10
FURNISHINGS	2000-06-17	265,806	265,678	SL	10	128
FURNISHINGS	2000-06-17	3,227	3,227	SL	5
FURNISHINGS	2002-11-08	7,575	6,127	SL	1000 %	758
FURNISHINGS	2005-08-24	6,561	3,519	SL	1000 %	656
COMPUTER	2008-01-03	1,419	852	SL	2000 %	284
COMPUTER	2008-09-11	1,343	605	SL	2000 %	269
LAPTOP	2009-09-01	1,679	448	SL	2000 %	336
DESKTOP COMPUTER	2010-05-26	1,503	175	SL	2000 %	301
DELL COMPUTER	2010-06-14	1,701	170	SL	2000 %	340
SERVER	2010-08-03	6,892	459	SL	2000 %	1,378
PAINTINGS BOARD ROOM	2011-01-19	10,000		SL	500 %	917
HVAC REPAIRS	2011-03-15	22,075		SL	500 %	1,656
APPLE MACBOOK	2011-03-15	1,485		SL	1000 %	223
CARPET	2011-08-16	6,033		SL	500 %	201
TABLES BOARD ROOM	2011-09-13	3,895		SL	500 %	97
SAVIN COPIER	2011-09-13	8,440		SL	1000 %	422

- TIN:

TY 2011 InvestmentsCorpBondsSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CENTURYTEL 100,000	101,178	101,178
AMERICAN EXPRESS 50,000	54,655	54,655
AUTOZONE 100,000	111,810	111,810
FREEPORT MCMORAN 50,0000	53,125	53,125
FAIRFAX FINL 400,000
GENERAL ELECTRIC 250,000	250,570	250,570
PRUDENTIAL 200,000	200,118	200,118
FORTUNE BRANDS 200,000	221,590	221,590
MOUNTAIN STS TEL 500,000	524,665	524,665
CITIZENS UTILITIES 250,000
BANK AMER CORP 30,000	24,301	24,301
GOLDMAN SACHS 250,000	225,580	225,580
CITIGROUP 300,000	259,503	259,503
BANK OF AMERICA 250,000	207,932	207,932
BANK AMER CORP SUB 100,000	81,395	81,395
BANK AMER CORP SUB 51,000	40,600	40,600
MERRILL LYNCH 100,000	82,661	82,661
GOLDMAN SACHS 250,000	232,628	232,628
JPM CHASE CAP 250,000	250,937	250,937
FIFTH THIRD BANCORP 103,000	126,056	126,056
VERISON NEW ENG 200,000
MERRILL LYNCH 100,000	95,012	95,012
HUMANA 250,000	324,272	324,272
PRUDENTIAL FINANCIAL 115,000	131,675	131,675
PROTECTIVE LIFE 425,000	487,003	487,003
JPM CHASE 250,000
JP MORGAN CHASE 300,000	319,407	319,407
INTEGRYS ENERGY 100,000	96,050	96,050
FPL GROUP 70,000	70,700	70,700
WEYERHAUSER CO 100,000
GENERAL ELECTRIC 100,000
DOW CHEMICAL 100,000
MORGAN STANLEY 200,000
DOW CHEMICAL 50,0000
BANK OF AMERICA 100,000
FREEPORT MCMORAN 50,0000
XEROX CAPITAL 500,000
CATERPILLAR FIN 100,000
BANK OF AMERICA 250,000
MERRILL LYNCH 250,000
GOLDMAN SACHS 250,000
WACHOVIA CAPTL 350,000
CVS CAREMARK 100,000
JPM CHASE 250,000
PRUDENTIAL FNL 115,000
JP MORGAN CHASE 250,000	251,563	251,563

- TIN:

TY 2011 InvestmentsCorpStockSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LAB 4750 SHS COMMON	267,092	267,092
ALTRIA GROUP 32000 SHS COMMON	948,800	948,800
AMERIGAS PTS 14300 SHS COMMON	656,513	656,513
APPLE INC 1445 SHS COMMON	585,225	585,225
ASTRAZENECA PLC 11500 SHS COM	532,335	532,335
AMERICAN EUROPAC 29240 SHS MF
ALTRIA GROUP 32000 SHS COMMON
ATT 21000 SHS COMMON	635,040	635,040
ATMOS ENERGY 10000 SHS COMMON	333,500	333,500
BEAM INC 7200 SHS COMMON	368,856	368,856
KRAFT FOODS 15740 SHS COMMON
ORACLE 13400 SHS COMMON
PUBLIC STO 5000 SHS COMMON
REALTY INC 10000 SHS COMMON
RENAISSANCE 10000 SHS PFD
BHP BILLITON 7000 SHS COMMON	494,410	494,410
BROWN FORMAN 8250 SHS COMMON	664,208	664,208
COMPASS MIN 6300 SHS COMMON
CATERPILLAR 10000 SHS COMMON	906,000	906,000
COCA COLA 8900 SHS COMMON	622,733	622,733
DIRECTV GROUP 7400 SHS COMMON
COMPASS MIN 6900 SHS COMMON	475,065	475,065
DR PEPPER 12000 SHS COMMON	473,760	473,760
APPLE INC 1000 SHS COMMON
DUKE ENERGY 30600 SHS COMMON	673,200	673,200
NORFOLK 6800 SHS COMMON
ENERGY TRANSFER 13700 SHS COM	628,145	628,145
PERMIAN BASIN 10000 SHS COMM
EXELON CORP 11500 SHS COMMON	498,755	498,755
ENERGY TRANSFER 9600 SHS COMM
VERIZON 18400 SHS COMMON
EXXON MOBIL 8000 SHS COMMON	678,080	678,080
FORTUNE BRANDS 7200 SHS COMM	122,616	122,616
FREEPORT MCMORAN 12500 SHS CO	459,875	459,875
FRONTIER COMM 22900 SHS COMM	117,935	117,935
GENUINE PARTS 13000 SHS COMM	795,600	795,600
IBM 3700 SHS COMMON	680,356	680,356
JOHNSON JOHNSON 10000 SHS COM	655,800	655,800
NATL RETAIL 4000 SHS PFD
JP MORGAN 3300 SHS COMMON	109,725	109,725
KELLOG 11000 SHS COMMON	556,270	556,270
KRAFT FOODS 18540 SHS COMMON	692,654	692,654
LOCKHEED MARTIN 7500 SHS COMM	606,750	606,750
MARATHON OIL 11100 SHS COMMON	324,897	324,897
MARATHON OIL 8000 SHS COMMON
EXELON CORP 2500 SHS COMMON
MARATHON PETRO 5500 SHS COMM	184,759	184,759
SUNOCO 7500 SHS COMMON
TC PIPELINES 12000 SHS COMMON
MERCK 17650 SHS COMMON	665,405	665,405
NEOGEN CP 17262 SHS COMMON	528,908	528,908
NORFOLK SOUTH 8700 SHS COMMON	633,882	633,882
ORACLE 16700 SHS COMMON	428,355	428,355
PERMIAN BASIN 23500 SHS COMM	478,695	478,695
PHILIP MORRIS 20000 SHS COMM	1,569,600	1,569,600
PUBLIC STORAGE 5000 SHS COMM	672,300	672,300
EMERSON ELEC 9600 SHS COMMON
GEN ELEC 15000 SHS COMMON
RAYTHEON 12000 SHS COMMON	580,560	580,560
LOCKHEED 6300 SHS COMMON
REALTY INCOM 17200 SHS COMMON	601,312	601,312
SANDERSON FARMS 5000 SHS COMM	250,650	250,650
RAYTHEON 10000 SHS COMMON
SHERWIN WILLIAMS 6700 SHS COM	598,109	598,109
WASTE MGT 13100 SHS COMMON
GEN PARTS 13000 SHS COMMON
FORTUNE BRANDS 4800 SHS COMM
SIMS METALS MGT 33500 SHS COM	430,475	430,475
SHERWIN WILL 5000 SHS COMMON
FREEPORT MCMORAN 5200 SHS COM
BROWN FORMAN 7500 SHS COMMON
FRONTIER COMM 11300 SHS COMM
COCA COLA 6900 SHS COMMON
SOUTHERN CO 15500 SHS COMMON	717,495	717,495
SUNOCO 22500 SHS COMMON	886,500	886,500
TC PIPELINE 14100 SHS COMMON	668,763	668,763
DIRECT TV GRP 9400 SHS COMMON	401,944	401,944
TRIMBLE 15100 SHS COMMON	655,340	655,340
UNILEVER 19200 SHS COMMON
WAL MART 6000 SHS COMMON
ABBOTT LAB 9700 SHARES COMM
SIMS METALS 20500 SHS COMMON
UNILEVER PLC 19200 SHS COMMON	643,584	643,584
VERIZON COMM 18400 SHS COMMON	738,208	738,208
VISA INC 3200 SHS COMMON	324,896	324,896
WAL MART 8000 SHS COMMON	478,080	478,080
WASTE MGT 15700 SHS COMMON	513,547	513,547
WEINGAREN REALTY 13500 SHS CO	294,570	294,570
AM EXPRESS 5000 SHS COMMON
WELLS FARGO 4000 SHS COMMON	110,240	110,240
YUM BRANDS 12500 SHS COMMON	737,625	737,625
JPMORGAN 10000 SHS COMMON
WELLS FARGO 14200 SHS COMMON
TRIMBLE 12500 SHS COMMON
AMERIGAS 10000 SHS COMMON
ATMOS 30600 SHS COMMON
SOUTHERN CO 13000 SHS COMMON
ALEXANDRIA REAL 10000 SHS PFD
BANCORPSOUTH 28000 SHS PFD
BARCLAYS 20000 SHS PFD
CORTS JC PENNEY 13000 SHS PFD
CORTS AON CAP 8300 SHS PFD
AMERICAN ELEC 10000 SHS PFD
AMERICAN NEW WORLD 13751 SHS
APACHE CORP 2000 SHS COMM
ASTRAZENECA PLC 9600 SHS COMM
HOSPIRA INC 9100 SHS COMM
GRACE ACQ 10000 SHS PFD
BANK OF AMERICA 10000 SHS PFD
CATERPILLAR INC 10000 SHS COM
UNITED TECH 2000 SHS COMMON
YUM BRANDS 12500 SHS COMMON
DR PEPPER 12000 SHS COMMON
KELLOG 10000 SHS COMMON
PHILIP MORRIS 20000 SHS COMM
MERCK 17650 SHS COMMON
METLIFE 5923 SHS COMMON
VISA INC 1900 SHS COMMON
AT&T INC 21000 SHS COMMON
AEGON N V 30000 SHARES PFD
DEUTSCHE BANK 18000 SHS PFD
DEUTSCHE BANK 19000 SHS PFD
VIACOM INC 16000 SHARES PFD
RENAISSANCERE 29000 SHS PFD	715,140	715,140
AEGON NV 44000 SHARES PFD	972,400	972,400
ALLIANZ SE 38000 SHARES PFD	972,534	972,534
BAC CAP TR 17000 SHARES PFD	355,130	355,130
BBT CAPITAL TRT 11000 SHS PFD	292,600	292,600
BARCLAYS BANK 26000 SHS PFD	548,080	548,080
BARCLAYS BANK 18000 SHS PFD	355,860	355,860
CBS CORP 22300 SHS PFD	566,643	566,643
COMCAST 4000 SHS PFD	102,360	102,360
CORTS TR US WEST 40500 SH PFD	1,031,535	1,031,535
CORTS AON CAP 14136 SHS PFD	392,557	392,557
DEUTSCHE BANK 21000 SHS PFD	479,010	479,010
DEUTSCHE BANK 23000 SHS PFD	497,490	497,490
ENERGY MS INC 10000 SHS PFD	287,100	287,100
FIFTH THIRD CAP 19500 SHS PFD	493,350	493,350
HSBC HOLDINGS 2000 SHS PFD	51,500	51,500
HSBC HOLDINGS 41000 SHS PFD	1,068,460	1,068,460
LLOYDS BANK 44000 SHS PFD	1,125,080	1,125,080
MORGAN STANLEY 12000 SHS PFD	261,120	261,120
NEXTERA ENERGY 1000 SHS PFD	28,950	28,950
QWEST CORP 23000 SHS PFD	610,420	610,420
VORNADO REALTY 30000 SHS PFD	806,700	806,700
WACHOVIA 14500 SHS PFD	374,390	374,390
WELLS FARGO 18000 SHS PFD	512,280	512,280
WELLS FARGO 10000 SHS PFD	259,900	259,900
EAGLE HOSP 8000 SHS PFD	12,400	12,400

- TIN:

TY 2011 InvestmentsOtherSchedule2

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALTERNATIVE INVESTMENT		21,254	21,254
ACCRUED INTEREST		72,147	72,147

- TIN:

TY 2011 LandEtcSchedule2

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LAND	203,313		203,313	203,313
BUILDING AND ADDITIONS	3,080,718	885,362	2,195,356	3,080,718
OFFICE EQUIPMENT	128,839	88,662	40,177	49,500
FURNISHINGS	303,897	282,108	21,789	265,700

- TIN:

TY 2011 OtherDecreasesSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Description	Amount
UNREALIZED GAINS	821,063

- TIN:

TY 2011 OtherExpensesSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT FEES	577	577	0
INSURANCE	31,289	7,822	7,822
OFFICE SUPPLIES	18,472	0	16,519
DUES AND SUBSCRIPTIONS	3,813	111	2,869
POSTAGE	649	0	584
TELEPHONE	10,565	1,057	7,924
PROGRAM EXPENSE	36,299	0	37,755

- TIN:

TY 2011 OtherIncomeSchedule2

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Description	Revenue And Expenses Per Books	Net Investment Income
ROYALTY INCOME	179,004	179,004
PARTNERSHIP INCOME	226	226
RECIPROCAL RECEIPT	60,929	0

- TIN:

TY 2011 TaxesSchedule

Name:

THE RILEY FOUNDATION

EIN: 64-0707746

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX ON INVESTMENT	21,700	0	0	0