Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
The Joseph J Scott Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd   Room/suite
City or town, state, and ZIP code
Wilmington, DE198091377
A Employer identification number

26-3374979
B Telephone number (see page 10 of the instructions)

(800) 839-1754
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,555,214J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 340 340  
4 Dividends and interest from securities...... 193,506 193,506  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 36,830
b Gross sales price for all assets on line 6a 466,534
7 Capital gain net income (from Part IV, line 2)... 36,830
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 230,676 230,676  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 36,772 36,772    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,665 199    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 28,551 685   27,866
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,988 37,656   27,866
25 Contributions, gifts, grants paid........ 175,000 175,000
26 Total expenses and disbursements. Add lines 24 and 25 242,988 37,656   202,866
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,312
b Net investment income (if negative, enter -0-) 193,020
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 703,238 349,099 349,099
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,597,323 Click to see attachment2,942,132 3,458,496
c Investments—corporate bonds (attach schedule)........ 1,504,140 Click to see attachment1,501,158 1,747,619
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,804,701 4,792,389 5,555,214
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,804,701 4,792,389
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,804,701 4,792,389
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,804,701 4,792,389
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 4,804,701
2 Enter amount from Part I, line 27a..................... 2 -12,312
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 4,792,389
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,792,389
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 466,534   429,704 36,830
b
c
d
e
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       36,830
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 36,830
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 562,846 5,012,384 000.112291
2009 560,516 5,225,641 000.107263
2008   615,625  
2007      
2006      
2 Total of line 1, column (d) ...................... 2 000.219554
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. . . 		3 000.073185
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 5,617,643
5 Multiply line 4 by line 3....................... 5 411,127
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,930
7 Add lines 5 and 6......................... 7 413,057
8 Enter qualifying distributions from Part XII, line 4.............. 8 202,866
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,860
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 3,860
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,860
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,300
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.............. Tax Paid Original Return: 2300 7 2,300
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,560
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
    Yes
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Cordell Fonnesbeck Vice President / Director
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Mark Petrie Vice President / Director
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Joseph J Scott President / Director / Secretary
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,446,785
    b
    Average of monthly cash balances.......................
    1b
    256,406
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,703,191
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,703,191
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    85,548
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,617,643
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    280,882
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    280,882
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,860
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,860
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    277,022
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    277,022
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    277,022
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    202,866
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    202,866
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    202,866
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 277,022
    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.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009....... 293,997
    e From 2010....... 316,791
    fTotal of lines 3a through e......... 610,788
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 202,866
    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..... 202,866
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 74,156 74,156
    (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 5 536,632
    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) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		536,632
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009.... 219,841
    d Excess from 2010.... 316,791
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Joseph J Scott
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARC OF NATRONA CO
    PO BOX 393
    CASPER,WY82602     		N/A 509(a)(1) General Unrestricted 25,000
    CHILD DEVELOPMENT CTR OF NATRONA CO
    2020 E 12TH ST
    CASPER,WY82601     		N/A 509(a)(2) General Unrestricted 20,000
    MOTHER SETON HOUSING INC
    PO BOX 1557
    CASPER,WY82602     		N/A 509(a)(1) General Unrestricted 50,000
    SAINT ANTHONY TRI-PARISH SCHOOL FDN
    218 E 7TH ST
    CASPER,WY82601     		N/A 509(a)(1) 7 7 7 Campaign 50,000
    SHERIDAN CO SCHOOL DISTRICT 1
    PO BOX 819
    RANCHESTER,WY82839     		N/A 509(a)(1) Big Horn School Building 20,000
    TWO FLY FOUNDATION INC
    2231 MIRACLE DR
    CASPER,WY82609     		N/A 509(a)(2) General Unrestricted 10,000
    Total .................................bullet 3a 175,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 340  
    4 Dividends and interest from securities....     14 193,506  
    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 36,830  
    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)..   230,676  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13230,676
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID: 11000218
    Software Version: 2011.0.0
    Part VI Line 7 - Tax Paid Original Return: 2300


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 GeneralExplanationAttachment
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Identifier Return Reference Explanation

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACE INA HOLDINGS 5.875 DUE 06/15/14 00440EAG2 6000000.00% 60,868 66,189
    ALLEGIANCE CORP 7 10/15/2026 017475AC8 5000000.00% 43,784 62,676
    ANADARKO PETE CORP 4/15/2012 6.125 032511AT4 5000000.00% 51,562 50,426
    ANADARKO PETROLEUM CORP - 5.950 - 09/15/2016 032511AX5 6000000.00% 57,740 68,127
    BANK AMER CORP TO GLOBAL EQUITY BASKET 03/15/2012 06052R583 190000.00% 19,000 16,213
    BJ SERVICES CO 6/1/2018 6 055482AJ2 5000000.00% 48,846 59,899
    BLACK DECKER SR NTS 5.750 11/15/2016 MAKE WHOLE 091797AN0 5000000.00% 47,231 58,262
    DEVON ENERGY CORP 4/15/2032 251799AA0 1700000.00% 18,308 24,330
    DOW CHEMICAL CO 6.85 8/15/2013 260543BF9 5000000.00% 51,678 53,789
    EKSPORTFINANS ASA ACCEL INDEX-0.00-03/30/2012 28264M863 290000.00% 29,000 22,362
    EKSPORTFINANS ASA ACCELERATED ENERGY 03/30/2013 282645316 100000.00% 10,000 8,996
    FIRST ENERGY CORP 7.375 11/15/2031 337932AC1 7500000.00% 76,566 92,234
    GENERAL ELEC CAP CORP MTN BE 5.400 02/15/2017 FR 36962G2G8 9200000.00% 92,704 102,656
    GENERAL ELEC CAP CORP MTN BE 5.62500 05/01/2018 36962G3U6 5000000.00% 50,398 56,562
    GOLDMAN SACHS - 5.000 - 10/01/2014 38143UAW1 3400000.00% 32,666 34,745
    GOLDMAN SACHS 5.95 1/18/18 38141GFG4 5000000.00% 50,298 51,201
    HOME DEPOT INC SR UNS 5.250 CALLABLE 12/16/2012 437076AR3 5000000.00% 50,346 54,296
    KEER-MCGEE 6.95 7/1/2024 492386AU1 5000000.00% 45,470 59,632
    MARATHON OIL CORP BOND - 6.000 - 10/01/2017 565849AD8 5000000.00% 47,126 58,176
    PEPSI BOTTLING GRP INC GTD - 7.000 - 03/01/2029 713409AC4 10000000.00% 112,363 137,526
    PPL ENERGY SUPPLY 6.2 5/15/2016 69352JAH0 5000000.00% 46,021 56,447
    ROHM HAAS CO 7.85 7/15/2029 775371AU1 10000000.00% 102,471 129,365
    STAPLES INC CREDIT SEN NT 7.37500 10/01/2012 855030AH5 6000000.00% 61,680 62,512
    TIME WARNER INC 6.500 11/15/2036 887317AD7 5000000.00% 46,492 60,327
    TRANS CANADA PIPE 6.5 8/15/2018 89352HAF6 5000000.00% 51,577 61,189
    VERIZON COMM INC NT 5.500 04/01/2017 MAKE WHOLE 92343VAG9 5000000.00% 51,205 57,701
    WILLAMS CO 9/1/2021 969457BG4 3800000.00% 33,364 46,768
    XTO ENERGY INC SR NT - 6.250 - 08/01/2017 98385XAL0 11000000.00% 112,394 135,013

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    323 shares of 3M CO MMM 22,359 26,399
    559 shares of ABBOTT LABS ABT 26,090 31,433
    363 shares of ACCENTURE PLC ACN 14,201 19,322
    85 shares of ACE LTD ACE 5,036 5,960
    385 shares of AEGON NV PFD - 6.375 AEH 6,589 7,496
    90 shares of AEGON NV PFD - 6.500 AED 1,551 1,782
    83 shares of AEGON NV PFD - 6.875 AEV 1,496 1,736
    96 shares of AEGON NV PFD - 7.250 AEF 1,496 2,122
    180 shares of AEGON NV PFD FLOAT RATE AEGZF.PK 2,012 2,871
    63 shares of AIR PRODS CHEM INC. APD 4,983 5,367
    421 shares of ALGER CHINA U.S. GROWTH FUND CLASS C CHUCX 4,989 5,843
    525 shares of ALLIANZ SOC EUR SE UNDTD SUB CALL 8.375 AZM 11,423 13,404
    199 shares of AMERIPRISE FINANCIAL INC 7.75 6/15/39 03076C205 4,707 5,642
    119 shares of AON CORP AON 4,616 5,569
    85 shares of APACHE CORPORATION APA 7,919 7,699
    130 shares of ARCH CAPITAL GROUP LTD 8 G0450A147 2,836 3,311
    80 shares of ARCH CAPITAL GROUP LTD PRFD B ARHPB 1,946 2,031
    872 shares of ATT CORP COM NEW T 23,173 26,369
    1500 shares of BANK AMER CORP ENH BUFFER MKT LKD DJIA 06052R492 15,000 13,725
    10000 shares of BANK OF AMERICA N.A. SPX MLNBK 100,000 120,599
    282 shares of BANK OF MONTREAL BMO 16,146 15,456
    201 shares of BANK OF NOVA SCOTIA BNS 10,499 10,012
    170 shares of BARCLAYS BANK PLC - 6.625 - ADS SER BCS-P 1,956 3,118
    188 shares of BARCLAYS BANK PLC PRFD C BCS-PC 3,242 3,963
    217 shares of BARCLAYS BANK PLC SER 3 - 7.100 BCS-PA 2,576 4,290
    359 shares of BARCLAYS BK SPONS ADR PREF SHS SER 5 8.125 PERPET 06739H362 6,757 7,999
    122 shares of BBT CAP TR VI GTD ENHANCED TR PFD SECS 9.6 08/01 BBT-PB 3,241 3,270
    81 shares of BBT PFD - 8.950 - 12/15/2063 BBTVP 1,998 2,128
    223 shares of BECTON DICKINSON CO BDX 17,002 16,663
    124 shares of BNY CAPITAL V TR PFD SER F - 5.950 - 05/01/2033 BK-PF 2,651 3,150
    95 shares of BOSTON PPTYS INC BXP 5,402 9,462
    398 shares of CBS CORP NTS - 6.750 - 03/27/2056 CPV 6,512 10,113
    390 shares of CENTURY TEL INC CTL 12,651 14,508
    365 shares of CHEVRONTEXACO CORP CVX 28,988 38,836
    156 shares of CITIGROUP CAP TR IX PFD - 6.000 - 02/14/2033 C-PS 2,277 3,340
    23 shares of CITIGROUP CAP VIII C-PZ 246 537
    68 shares of CITIGROUP CAP XII TR PFD SECS C-PJ 1,692 1,711
    126 shares of CITIGROUP CAPITAL X PFD - 6.100 - 09/30/2033 C-PR 1,565 2,660
    199 shares of CITIGROUP CAPITAL XIII - 7.875 - 10/30/2040 173080201 5,244 5,186
    76 shares of CITIGROUP CAPITAL XVI - 6.450 - 12/31/2066 C-PW 958 1,632
    108 shares of CITIGROUP CAPITAL XVII PFD - 6.350 - 03/15/2067 C-PE 1,329 2,332
    256 shares of COCA-COLA CO KO 12,203 17,912
    2398 shares of COHEN STEERS GLOBAL REALTY SHARES, INC CLASS C CSFCX 81,699 87,250
    7655 shares of COHEN STEERS DIVIDEND VALUE FUND INC CLASS C DVFCX 76,282 87,341
    591 shares of COLUMBIA FDS SRS TR COLUMBIA MARSICO 21ST CENTURY NMYCX 4,994 6,513
    316 shares of COMCAST CORP NT - 7.000 - 09/15/2055 CCW 7,353 8,086
    251 shares of COMCAST CORP NTS - 6.625 - 05/15/2056 CC-S 5,737 6,549
    218 shares of COMMONWEALTH REIT 8.75 HRP-PC 3,304 5,324
    100 shares of COMMONWEALTH REIT SR NT PFD 7.50 11/15/2019 203233507 1,938 2,113
    247 shares of CONOCOPHILLIPS COP 13,291 17,999
    240 shares of COOPER INDUSTRIES PLC CBE 8,705 12,996
    562 shares of CREDIT SUISSE GRNS TIER 1 CDTSF.PK 12,832 14,359
    134 shares of CULLEN FROST BANKERS INC CFR 7,236 7,090
    65 shares of DANAHER CORP DHR 3,259 3,058
    160 shares of DB CAPITAL FDG VIII - 6.375 - PERPETUAL DUA 2,248 2,931
    449 shares of DB CONT CAP TR II - 6.550 DXB 6,289 8,374
    121 shares of DEUTSCH BK CONTINGENT CAP TR V TR PFD SECS 8.05 25150L108 3,098 2,760
    77 shares of DEUTSCHE BK C/F TR X PFD DCE 1,507 1,556
    190 shares of DEUTSCHE BK CONTINGENT CAP TR III TR PFD SECS 7.6 25154A108 4,266 4,110
    90 shares of DIAGEO PLC ADS DEO 5,235 7,868
    246 shares of DIGITAL RLTY TR INC DLR 13,729 16,401
    236 shares of DOMINION RES INC VA NEW 8.375 06/15/2064 25746U604 6,140 6,931
    374 shares of DU PONT DE NEMOURS DD 12,322 17,122
    67 shares of DUKE REALTY CORP PFD SER M - 6.950 DRE-PM 1,572 1,682
    1500 shares of EKSPORTFINANS ASA ACCELERATED COMMODITY 04/03/2012 282645324 15,000 13,215
    390 shares of EMERSON ELECTRIC CO. EMR 16,378 18,170
    66 shares of ENTERGY ARK INC 1ST MTG BD - 5.750 - 11/01/2040 29364D779 1,646 1,802
    33 shares of ENTERGY LA LLC SER - 5.875 - 06/15/2041 29364W405 814 899
    61 shares of ENTERGY LOUISIANA LLC 1ST MTG BD ELB 1,527 1,667
    68 shares of ENTERGY MISSISSIPPI INC - 6.000 - 05/01/2051 29364N835 1,672 1,904
    96 shares of ENTERGY TEXAS INC EDT 2,482 2,796
    340 shares of EVEREST RE CAP TR II SER B - 6.200 - 03/29/2034 RE-PB 6,291 8,405
    19287 shares of EVERGREEN EQUITY TR ASSET ALLOC FD CL C EACFX 188,314 221,989
    436 shares of EXXON MOBIL CORP XOM 33,383 36,955
    730 shares of FEDERATED MARKET OPPORTUNITIES FUND C FMRCX 8,331 7,088
    11115 shares of FEDERATED MARKET OPPORTUNITY FUND IS FMIIX 110,922 109,150
    110 shares of FIFTH THIRD CAP TR V 7.25 DUE8/15/67 FTB-PA 1,712 2,783
    155 shares of FIFTH THIRD CAPTL TR VI PFD - 7.250 - 11/15/2067 FTB-PB 2,423 3,925
    44 shares of FPL GROUP CAP TRUST I 5.875 3/15/2044 FPL-PC 1,094 1,135
    185 shares of GE CAP CORP SER A - 6.050 - 02/06/2047 GEG 4,204 4,745
    135 shares of GE CAP CORP SR DEBT - 6.450 - 06/15/2046 GER 3,175 3,494
    182 shares of GE CAPITAL NTS - 6.000 - 04/24/2047 GEJ 4,049 4,708
    825 shares of GENERAL MILLS INC GIS 27,471 33,338
    394 shares of GOLDMAN SACHS - 6.125 - 11/01/2060 38145X111 9,591 9,759
    29 shares of GOLDMAN SACHS DEP SH GS-PD 546 498
    118 shares of GOLDMAN SACHS GROUP INC PFD - FLOAT GS-PA 1,680 1,967
    371 shares of HARTFORD CAPITAL APPRECIATION FUND CLASS C THE HCACX 8,099 9,490
    9009 shares of HARTFORD CAPITAL APPRECIATION II FUND CLASS C HFCCX 80,000 105,945
    202 shares of HEALTH CARE PPTY INVS INC HCP 5,373 8,369
    80 shares of HESS CORP HES 5,008 4,544
    545 shares of HOME DEPOT INC. HD 14,812 22,912
    473 shares of HONEYWELL INTERNATIONAL INC. HON 20,052 25,708
    162 shares of HSBC HLDGS PFD SER A HBC-PA 2,683 3,872
    475 shares of HSBC HLDGS PLC PERP SUB CAP SECS SECS EXCH PREF SH 404280802 12,606 12,379
    133 shares of HSBC HLDGS PLC PERPETUAL SUB CAP SECS 8.125 PERPE HCS 2,910 3,425
    179 shares of ING GROEP NV - 6.125 - PERPETUAL DEBT IDG 2,404 3,299
    210 shares of ING GROEP PERP DEBT 7.20 INZ 4,813 3,927
    171 shares of ING GROUP - 6.125 - PERPETUAL ISG 2,795 2,789
    265 shares of ING GROUP NV DEBT - 7.050 - PERPETUAL IND 5,100 4,799
    292 shares of INTEL CORP INTC 4,689 7,081
    94 shares of INTERNATIONAL BUSINESS MACHINES IBM 11,844 17,285
    5221 shares of IVY ASSET STRATEGY CL C WASCX 100,572 112,921
    247 shares of JENNISON NATURAL RESOURCES FUND CLASS C PNRCX 7,279 9,598
    517 shares of JOHNSON JOHNSON JNJ 30,345 33,905
    208 shares of JOHNSON CONTROLS INC. JCI 7,522 6,502
    624 shares of JP MORGAN CHASE CO JPM 19,701 20,748
    251 shares of JPM CHASE CAP XI - 5.875 - 06/15/2033 JPMPRK 5,290 6,278
    70 shares of JPM CHASE CAP XIV - 6.200 - 10/15/2034 JPM-PY 1,395 1,777
    352 shares of JPM CHASE CAP XXIX GTD CAP SER CC 6.7 4/02/2040 48125E207 8,659 8,983
    31 shares of JPM CHASE CAP XXVI VAR SER Z 8.00 05/15/48 48124G104 687 803
    125 shares of JPMORGAN CHASE CAP XXVIII 7.200 12/22/2039 48124Y204 3,287 3,189
    265 shares of KIMCO REALTY CORP PFD SER G - 7.750 - PERPETUAL KIM-PG 5,562 6,824
    133 shares of KIMCO RLTY CORP DEPOSITARY SHS REPSTG 1/100 SH CUM 49446R828 3,291 3,642
    199 shares of LLOYDS BANKING GROUPPLC PRF 7.75 12/15/2050 ISIN 539439802 5,099 5,088
    247 shares of LOCKHEED MARTIN CORP LMT 18,945 19,982
    473 shares of LOOMIS SAYLES FDS STRATEGIC INC FD CL C TR II NECZX 5,803 6,839
    1772 shares of LORD ABBETT SECURITIES TR BOND DEBENTURE TR CL C BDLAX 11,672 13,554
    1598 shares of LORD ABBETT SECURITIES TRUST ALL VALUE FUND CL C GILAX 13,409 18,313
    39 shares of MT CAP TR PFD MTB-PA 963 1,013
    207 shares of MARKEL CORP SR DEBT - 7.500 - 08/22/2046 MKV 5,022 5,243
    22 shares of MASTERCARD INC MA 4,778 8,202
    349 shares of MCDONALDS CORP MCD 24,423 35,015
    279 shares of MEDTRONIC INC MDT 9,988 10,672
    276 shares of METLIFE INC PFD B - 6.500 MET-PB 5,034 7,032
    365 shares of METLIFE INC. MET 12,701 11,381
    1575 shares of MFS INTERNATIONAL DIVERSIFICATION FD CL C MDIGX 15,129 18,853
    152 shares of MORGAN STANLEY CAP TR IV PFD - 6.250 - 04/01/2033 MWG 2,504 3,156
    131 shares of MORGAN STANLEY CAP TR V PFD - 5.750 - 07/15/2033 MWO 1,993 2,675
    155 shares of MORGAN STANLEY CAP TR VII - 6.600 - 10/15/2066 MSZ 2,623 3,373
    26 shares of MORGAN STANLEY CAP TRUST 6.45 4/15/2067 MSK 631 566
    215 shares of MORGAN STANLEY CP TR III - 6.250 - 03/01/2033 MWR 4,149 4,440
    55 shares of MORGAN STANLEY CP VI MSJ 1,235 1,194
    147 shares of MORGAN STANLEY SER A - FLOAT MS-PA 1,847 2,162
    112 shares of NATIONAL CITY CAP TR III 6.625 5/25/2047 NCC-PA 2,049 2,866
    288 shares of NATIONAL GRID TRANSCO PLC NGG 13,354 13,962
    85 shares of NATL RURAL UTILITY CFC NTS - 5.950 - 02/15/2045 NRU 1,901 2,151
    112 shares of NESTLE S.A. NSRGY.PK 4,652 6,464
    155 shares of NEXTERA ENERGY - 6.600 - 10/01/2066 FGC 3,911 3,934
    28 shares of NEXTERA ENERGY CAPITAL HOLDINGS INC 8.75 3/01/69 NEE-PF 730 811
    167 shares of NORFOLK SOUTHERN CORP NSC 8,024 12,168
    116 shares of NORTHROP GRUMMAN CORP NOC 5,664 6,784
    483 shares of ORACLE CORP ORCL 11,797 12,389
    349 shares of P P G IND PPG 19,909 29,138
    279 shares of PARTNERRE LTD PFD SER D - 6.500 - PERPETUAL PRE-PD 5,506 6,976
    81 shares of PARTNERRE LTD. PRFD C PRE-PC 1,739 2,053
    339 shares of PEPSICO INC PEP 18,833 22,493
    1439 shares of PFIZER INC. PFE 25,206 31,140
    103 shares of PG E CORP PCG 4,620 4,246
    345 shares of PHILIP MORRIS INTL PM 16,175 27,076
    8167 shares of PIMCO HIGH YIELD FD CL C PHDCX 61,532 73,339
    2886 shares of PIONEER GLOBAL HIGH YLD FD A PGHYX 28,378 27,447
    13494 shares of PIONEER STRATEGIC INCOME C PSRCX 117,569 140,470
    47 shares of PNC CAP TR E PNH 1,083 1,228
    163 shares of PNC CAPITAL TR D PFD - 6.125 - 12/15/2033 PNU 3,336 4,106
    96 shares of PPL CAP FDG INC SR NTS 6.85 07/01/2047 69352P889 2,406 2,496
    263 shares of PROCTER GAMBLE CO PG 15,712 17,545
    240 shares of PROLOGIS PLD 7,117 6,862
    50 shares of PROLOGIS IND PRFD R N/C 743410706 799 1,200
    50 shares of PROTECTIVE LIFE CORP - 7.250 - 06/15/2066 PL-PD 809 1,257
    171 shares of PRUDENTIAL FINCL INC PRU 8,731 8,571
    226 shares of PRUDENTIAL FINL INC JR SUB NTS 9.00 06/15/2038 744320508 4,916 6,161
    116 shares of PRUDENTIAL PLC - 6.500 - PERPETUAL PUK-PA 1,941 2,942
    70 shares of PRUDENTIAL PLC PRFD PUK-P 1,109 1,781
    83 shares of PS BUS PKS DEP PFD H PSB-PH 1,819 2,093
    33 shares of PS BUSINESS PARKS INC - 6.875 PSB-PR 816 883
    46 shares of PS BUSINESS PARKS, INC PRFD P PSB-PP 1,035 1,147
    26 shares of PUBLIC STORAGE 6.45 PSA-PX 584 662
    114 shares of PUBLIC STORAGE 6.5 74460D141 2,800 3,192
    84 shares of PUBLIC STORAGE DEP PSA-PL 1,747 2,163
    221 shares of PUBLIC STORAGE INC PFD SER M - 6.625 - PERPETUAL PSAGK.PK 4,563 5,624
    55 shares of PUBLIC STORAGE PFD SER C - 6.600 PSA-PC 1,096 1,400
    17 shares of PUBLIC STORAGE PRFD E PSA-PE 328 433
    31 shares of PUBLIC STORAGE SBI O 6.875 PSAXZ.PK 772 888
    12090 shares of PUTNAM ASSET ALLOCATION GROWTH PORTFOLIO FUND CL C PAECX 108,911 136,737
    8753 shares of PUTNAM VOYAGER FD CLASS C PVFCX 150,933 157,816
    110 shares of QUEST DIAGNOSTICS DGX 6,323 6,387
    104 shares of REALTY INCOME CORP PFD CL E - 6.750 - PERPETUAL O-PE 2,203 2,683
    1050 shares of REGAL ENTERTAINMENT RGC 11,960 12,537
    55 shares of REGENCY CENTERS CORP 6.7 758849608 1,016 1,370
    48 shares of REGENCY CENTERS CORP. PRFD D REG-PD 915 1,201
    69 shares of REGENCY CENTERS PFD SER 3 - 7.450 - PERPETUAL 758849301 1,333 1,737
    33 shares of REGIONS FINANCIAL CORP 7.000 DUE 03-01-11 PSA-PP 825 903
    302 shares of RENAISSANCE HLDGS PFD SER D - 6.600 - PERPETUAL RNR-PD 6,374 7,598
    38 shares of RENAISSANCERE HOLDINGS LTD. PRFD C RNR-PC 658 937
    78 shares of REYNOLDS AMERN INC RAI 2,532 3,231
    412 shares of SANTANDER FIN PFD - 10.500 - PERPETUAL STD-PE 10,651 10,823
    27 shares of SCANA CORP NEW JR SB NT 7.7 1/30/65 SCU 706 791
    89 shares of SIMON PPTY GROUP INC NEW SPG 5,569 11,476
    86 shares of STANLEY BLACK DECKER INC SWK 4,853 5,814
    93 shares of SUNTRUST CAPITAL IX 7.875 3/15/2068 867885105 1,968 2,353
    543 shares of SYSCO CORP SYY 13,710 15,926
    187 shares of TARGET CORPORATION TGT 10,139 9,578
    54 shares of TELEPHONE DATA SYSTEMS - 6.875 - 11/15/2059 879433845 1,344 1,439
    24 shares of TELEPHONE DATA SYSTEMS 6.625 3/31/2045 879433852 351 604
    112 shares of TELEPHONE AND DATA SYSTEMS 879433837 2,789 3,012
    873 shares of TOUCHSTONE LARGE CAP GROWTH CLASS A TEQAX 15,038 21,869
    11332 shares of TRANSAMERICA ASSET ALLOCATION - GROWTH PORTFOLIO IAALX 100,996 123,294
    3449 shares of TRANSAMERICA LEGG MASON FUND C ILLLX 31,500 44,184
    11515 shares of TRANSAMERICA SH/TER BOND C ITACX 111,504 117,109
    9199 shares of TRANSAMERICA SMALL/MID CAP VALUE CLASS C IIVLX 134,811 167,509
    214 shares of TRAVELERS COMPANIES INC THE TRV 10,842 12,662
    331 shares of UBS PFD FNDG TR IV PFD - FLOAT USB-PD 3,966 3,393
    378 shares of UNITED TECHNOLOGIES CORP UTX 24,885 27,628
    62 shares of US BANCORP SER B - FLOAT - PERPETUAL USB-PH 935 1,356
    49 shares of USB CAP X PREFERRED STOCK USB-PI 1,135 1,249
    57 shares of USB CAP XII 6.3 TR USB-PK 1,115 1,440
    192 shares of USB CAPITAL XI PFD - 6.600 - 09/15/2066 USB-PJ 4,220 4,829
    369 shares of VERIZON COMMUNICATIONS VZ 11,372 14,804
    435 shares of VIACOM INC NTS - 6.850 - 12/15/2055 VNV 9,166 10,919
    78 shares of VIACOM INC. CL B VIA-B 3,406 3,542
    212 shares of VODAFONE GROUP PLC VOD 4,398 5,942
    445 shares of VORNADO REALTY LP PUBLIC INCOME NT 7.875 10/1/39 929043602 11,322 12,229
    34 shares of VORNADO REALTY TRUST 6.875 VNO-PJ 846 914
    382 shares of WACHOVIA PFD FUNDING PFD SER A - 7.250 - PERP WNAP 7,300 9,863
    173 shares of WALT DISNEY HOLDINGS CO. DIS 4,449 6,488
    75 shares of WEINGARTEN REALTY INVESTORS WRD 1,573 1,800
    355 shares of WEINGARTEN REALTY SER F - 6.500 - PERPETUAL WRI-PF 6,125 8,942
    111 shares of WELLS FARGO CAPITAL IX PFD - 5.625 - 04/08/2034 JWF 2,114 2,781
    253 shares of WELLS FARGO CAPITAL XI PFD - 6.250 - 06/15/2067 FWF 4,800 6,368
    44 shares of WELLS FARGO CAPITAL XII 7.875 3/15/2068 94985V202 979 1,144
    107 shares of WELLS FARGO CAPTL TR VII PFD - 5.850 - 06/15/2033 WPK 1,965 2,712
    360 shares of WR BERKLEY CPTL TR II PFD - 6.750 - PERPETUAL BER-PA 7,248 9,302
    192 shares of XCEL ENERGY INC JR SUB NT 7.600 01/01/2068 XCJ 4,967 5,220

    TY 2011 OtherExpensesSchedule
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 27,841     27,841
    Bank Charges 685 685    
    State Filing Fees 25     25


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 36,772 36,772    


    TY 2011 TaxesSchedule
    Name:
    The Joseph J Scott Foundation
    EIN: 26-3374979
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2011 2,300 0 0 0
    Excise Tax for 2010 166 0 0 0
    Foreign Tax Paid 199 199 0 0