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 HUGHES-MONAGHAN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)5 CRUSE ALLEY SE   Room/suite
City or town, state, and ZIP code
HUNTSVILLE, AL35801
A Employer identification number

72-1374260
B Telephone number (see page 10 of the instructions)

(256) 517-5152
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$319,736J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 9,164 9,164  
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 14,684
b Gross sales price for all assets on line 6a 98,101
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 23,848 9,164  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,273      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,895 6,895    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,168 6,895   0
25 Contributions, gifts, grants paid........ 15,750 15,750
26 Total expenses and disbursements. Add lines 24 and 25 23,918 6,895   15,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -70
b Net investment income (if negative, enter -0-) 2,269
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.......... 11,553 16,925 16,925
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) 68,091 Click to see attachment63,907 71,318
b Investments—corporate stock (attach schedule)........ 170,904 Click to see attachment170,815 185,084
c Investments—corporate bonds (attach schedule)........ 42,944 Click to see attachment42,794 46,409
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) 293,492 294,441 319,736
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 293,492 294,441
30 Total net assets or fund balances (see page 17 of the
instructions).................... 293,492 294,441
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 293,492 294,441
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)............... 1 293,492
2 Enter amount from Part I, line 27a..................... 2 -70
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,019
4 Add lines 1, 2, and 3.......................... 4 294,441
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. 6 294,441
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.)
1a
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
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
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  
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 14,950 313,282 0.047721
2009 18,325 302,986 0.060481
2008 20,518 364,066 0.056358
2007 19,800 424,370 0.046657
2006 22,700 414,962 0.054704
2 Total of line 1, column (d) ...................... 2 0.265921
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 0.053184
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 326,836
5 Multiply line 4 by line 3....................... 5 17,382
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 23
7 Add lines 5 and 6......................... 7 17,405
8 Enter qualifying distributions from Part XII, line 4.............. 8 15,750
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 45
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 45
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 45
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 260
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.............. 7 260
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 215
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet215 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 addressbulletN/A
    14
    The books are in care ofbulletE CUTTER HUGHES Telephone no.bullet (256) 517-5152
    Located atbullet5 CRUSE ALLEY SEHUNTSVILLEAL ZIP+4bullet35801
    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
     
     
    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
     
     
    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
     
     
    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
    E CUTTER HUGHESClick to see attachment FOUNDATION M
    1.00     		0 0 0
    5 CRUSE ALLEY SE
    HUNTSVILLE,AL35801
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    322,232
    b
    Average of monthly cash balances.......................
    1b
    9,581
    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
    331,813
    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
    331,813
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    4,977
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    326,836
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    16,342
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    16,342
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    45
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    45
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,297
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    16,297
    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
    16,297
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    15,750
    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
    15,750
    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
    15,750
    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 16,297
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 15,610
    b Total for prior years:2008, 20, 20 18,154
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 15,750
    a Applied to 2010, but not more than line 2a 15,610
    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..... 140
    e Remaining amount distributed out of corpus  
    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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		18,154
    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 ...     		18,154
    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 ..........     		16,157
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    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).)
    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:
    E CUTTER HUGHES
    5 CRUSE ALLEY SE
    HUNTSVILLE,AL35801
    (256) 517-5152
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST
    cAny submission deadlines:
    NONE. EACH REQUEST IS CONSIDERED AS RECEIVED.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    HUNTSVILLE SYMPHONY
    ORCHESTRA
    700 MONROE ST SW
    HUNTSVILLE,AL35801     		  PUBLIC FOR MUSICAL PERFORMANCES 1,000
    MADISON PUBLIC LIBRARY
    130 PLAZA BOULEVARD
    MADISON,AL35758     		  PUBLIC ENHANCE PUBLIC LIBRARY PROGRAM 5,000
    UNIVERSITY OF VIRGINIA
    LAW SCHOOL FOUNDATION
    500 MASSIE ROAD
    CHARLOTTESVILLE,VA22903     		  PRIVATE LEGAL EDUCATION & UVA ACTIVITIES 250
    HUNTSVILLE PUBLIC LIBRARY
    FOUNDATION
    PO BOX 443
    HUNTSVILLE,AL35804     		  PRIVATE BENJAMIN FRANKLIN COLLECTION 500
    THE FRIENDS OF FRANKLIN
    PO BOX 40048
    PHILADELPHIA,PA19106     		  PUBLIC PROMOTION OF KNOWLEDGE OF FRANKLIN 1,500
    THE SALVATION ARMY
    2112 OAKWOOD AVE
    HUNTSVILLE,AL35810     		  PUBLIC AIDING THOSE IN NEED OF SUPPORT 1,000
    RANDOLPH SCHOOL
    1005 DRAKE AVE SE
    HUNTSVILLE,AL35801     		  SCHOOL SCHOLARSHIP FOR FISCAL NEEDS 1,500
    GREENGATE SCHOOL
    501 HOLMES AVE
    HUNTSVILLE,AL35801     		  PUBLIC EDUCATION OF LEARNING-DISABLED KIDS 2,000
    CHURCH OF THE NATIVITY
    208 EUSTIS AVE SE
    HUNTSVILLE,AL35801     		  CHURCH RELIGIOUS & HISTORIC BLDG PRESERV. 500
    INDIAN SPRINGS SCHOOL
    190 WOODWARD DR
    INDIAN SPRINGS,AL35124     		  PUBLIC FUND SCHOOL PROGRAMS 1,500
    VILLAGE OF PROMISE
    200 PRATT AVE STE B-2
    HUNTSVILLE,AL35801     		  PUBLIC IMPLEMENT INITIATIVES FOR STUDENTS 1,000
    Total .................................bullet 3a 15,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 9,164  
    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         14,684
    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)..   9,164 14,684
    13Total. Add line 12, columns (b), (d), and (e)..................
    1323,848
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,273      

    TY 2011 CompensationExplanation
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Person Name Explanation
    E CUTTER HUGHES  

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    3 SH LYONDELLBASELL INDUSTRIE 2011-08 PURCHASE 2011-12   96 89     7  
    3 SH LYONDELLBASELL INDUSTRIE 2011-08 PURCHASE 2011-12   96 89     7  
    16 SH ACTIVISION BLIZZARD INC 2011-08 PURCHASE 2011-12   193 174     19  
    30 SH AMERICAN INTERNATIONAL 2011-03 PURCHASE 2011-08   722 1,095     -373  
    39 SH AMERICAN INTERNATIONAL 2011-03 PURCHASE 2011-08   939 1,441     -502  
    0 SH CENTURYLINK INC SHS 2011-02 PURCHASE 2011-04   1 1        
    24 SH CENTURYLINK INC SHS 2011-02 PURCHASE 2011-07   949 968     -19  
    11 SH CLIFFS NATURAL RESOURCES 2011-05 PURCHASE 2011-09   819 991     -172  
    2 SH CLIFFS NATURAL RESOURCES 2011-05 PURCHASE 2011-12   133 180     -47  
    1 SH LORILLARD INC 2011-10 PURCHASE 2011-12   109 118     -9  
    1 SH LORILLARD INC 2011-10 PURCHASE 2011-12   108 118     -10  
    3 SH PHILIP MORRIS INTL INC 2011-10 PURCHASE 2011-12   225 202     23  
    2 SH PHILIP MORRIS INTL INC 2011-10 PURCHASE 2011-12   150 135     15  
    20 SH TEXAS INSTRUMENTS 2011-02 PURCHASE 2011-11   626 710     -84  
    5 SH VALERO ENERGY CORP NEW 2011-11 PURCHASE 2011-12   103 103        
    7 SH VALERO ENERGY CORP NEW 2011-11 PURCHASE 2011-12   143 143        
    8 SH ACE LIMITED 2010-06 PURCHASE 2011-03   495 430     65  
    3 SH ACE LIMITED 2010-06 PURCHASE 2011-03   186 161     25  
    10 SH ACE LIMITED 2010-06 PURCHASE 2011-03   620 523     97  
    10 SH ACE LIMITED 2010-06 PURCHASE 2011-03   620 522     98  
    40 SH CITIGROUP INC COM NEW 2010-06 PURCHASE 2011-05   1,656 1,597     59  
    0 SH CITIGROUP INC COM NEW 2010-07 PURCHASE 2011-05   25 24     1  
    17 SH CITIGROUP INC COM NEW 2010-06 PURCHASE 2011-05   703 679     24  
    23 SH CITIGROUP INC COM NEW 2010-07 PURCHASE 2011-05   927 943     -16  
    17 SH CITIGROUP INC COM NEW 2010-06 PURCHASE 2011-05   685 679     6  
    9 SH CITIGROUP INC COM NEW 2010-07 PURCHASE 2011-05   360 369     -9  
    1000 SH GENERAL ELEC CAP CORP 2011-09 PURCHASE 2011-12   1,021 1,010     11  
    39 SH MOTOROLA MOBILITY 2010-09 PURCHASE 2011-01   1,253 1,079     174  
    6 SH MOTOROLA MOBILITY 2010-09 PURCHASE 2011-01   193 167     26  
    1 SH MOTOROLA MOBILITY 2010-09 PURCHASE 2011-01   32 28     4  
    17 SH MOTOROLA MOBILITY 2010-10 PURCHASE 2011-01   547 457     90  
    32 SH SANDISK CORP INC 2010-08 PURCHASE 2011-03   1,457 1,475     -18  
    24 SH SANDISK CORP INC 2010-08 PURCHASE 2011-08   915 1,017     -102  
    1000 SH U.S. TREASURY NOTE 2011-05 PURCHASE 2011-12   1,057 1,014     43  
    4 SH UNITEDHEALTH GROUP INC 2010-12 PURCHASE 2011-12   193 148     45  
    2 SH UNITEDHEALTH GROUP INC 2010-12 PURCHASE 2011-12   96 74     22  
    29 SH WILLIAMS COMPANIES DEL 2010-08 PURCHASE 2011-01   762 535     227  
    17 SH WILLIAMS COMPANIES DEL 2010-08 PURCHASE 2011-01   443 314     129  
    12 SH WILLIAMS COMPANIES DEL 2010-08 PURCHASE 2011-01   313 218     95  
    3 SH WILLIAMS COMPANIES DEL 2010-09 PURCHASE 2011-01   78 57     21  
    24 SH WILLIAMS COMPANIES DEL 2010-08 PURCHASE 2011-01   625 436     189  
    26 SH WILLIAMS COMPANIES DEL 2010-09 PURCHASE 2011-07   780 495     285  
    33 SH WILLIAMS COMPANIES DEL 2010-09 PURCHASE 2011-07   1,003 628     375  
    6 SH WILLIAMS COMPANIES DEL 2010-09 PURCHASE 2011-07   183 115     68  
    17 SH WILLIAMS COMPANIES DEL 2010-09 PURCHASE 2011-07   518 324     194  
    10 SH ACE LIMITED 2009-05 PURCHASE 2011-03   619 433     186  
    1000 SH AT&T INC 2008-02 PURCHASE 2011-12   1,148 984     164  
    5 SH AT& T INC 2008-11 PURCHASE 2011-12   145 135     10  
    3 SH AETNA INC NEW 2004-11 PURCHASE 2011-12   120 89     31  
    6 SH ALTERA CORP COM 2010-11 PURCHASE 2011-12   212 202     10  
    7 SH AMGEN INC COM PV 0.0001 2008-11 PURCHASE 2011-12   403 429     -26  
    2 SH AMGEN INC COM PV 0.0001 2008-11 PURCHASE 2011-12   115 122     -7  
    1 SH APPLE INC 2010-05 PURCHASE 2011-12   391 266     125  
    16 SH CA INC 2007-09 PURCHASE 2011-05   388 409     -21  
    2 SH CA INC 2007-09 PURCHASE 2011-05   48 50     -2  
    30 SH CA INC 2007-09 PURCHASE 2011-05   738 767     -29  
    3 SH CA INC 2007-09 PURCHASE 2011-05   73 77     -4  
    27 SH CA INC 2007-10 PURCHASE 2011-05   659 701     -42  
    12 SH CA INC 2007-10 PURCHASE 2011-05   297 312     -15  
    3 SH CAPITAL ONE FINL 2010-03 PURCHASE 2011-12   135 127     8  
    3 SH CAPITAL ONE FINL 2010-03 PURCHASE 2011-12   135 127     8  
    3 SH CARDINAL HEALTH INC OHIO 2010-03 PURCHASE 2011-12   123 105     18  
    6 SH CARDINAL HEALTH INC OHIO 2010-03 PURCHASE 2011-12   245 209     36  
    3 SH CENTURYLINK INC SHS 2006-12 PURCHASE 2011-04   121 136     -15  
    4 SH CENTURYLINK INC SHS 2006-01 PURCHASE 2011-04   161 148     13  
    8 SH CENTURYLINK INC SHS 2008-11 PURCHASE 2011-04   323 139     184  
    7 SH CENTURYLINK INC SHS 2009-03 PURCHASE 2011-04   281 152     129  
    7 SH CENTURYLINK INC SHS 2008-11 PURCHASE 2011-04   281 121     160  
    9 SH CENTURYLINK INC SHS 2009-03 PURCHASE 2011-04   364 195     169  
    34 SH CENTURYLINK INC SHS 2009-03 PURCHASE 2011-07   1,344 738     606  
    2 SH CHEVRON CORP 1997-08 PURCHASE 2011-12   204 79     125  
    2 SH CHEVRON CORP 1997-08 PURCHASE 2011-12   203 79     124  
    2 SH CHUBB CORP 2008-02 PURCHASE 2011-12   135 109     26  
    1000 SH CISCO SYSTEMS INC 2009-11 PURCHASE 2011-12   1,129 1,007     122  
    11 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   415 376     39  
    2 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   77 68     9  
    5 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   193 179     14  
    4 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   154 129     25  
    16 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   610 516     94  
    7 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2011-06   270 226     44  
    6 SH CONAGRA FOODS INC 2009-06 PURCHASE 2011-12   153 119     34  
    3 SH CONOCOPHILLIPS 2008-06 PURCHASE 2011-12   211 272     -61  
    2 SH CONOCOPHILLIPS 2008-06 PURCHASE 2011-12   140 181     -41  
    8 SH DARDEN RESTAURANTS INC 2009-04 PURCHASE 2011-05   386 310     76  
    10 SH DARDEN RESTAURANTS INC 2009-06 PURCHASE 2011-05   486 336     150  
    8 SH DARDEN RESTAURANTS INC 2009-04 PURCHASE 2011-05   389 310     79  
    16 SH DARDEN RESTAURANTS INC 2009-06 PURCHASE 2011-05   781 537     244  
    2 SH DOVER CORP 2008-05 PURCHASE 2011-12   111 104     7  
    3 SH DR PEPPER SNAPPLE GROUP 2010-07 PURCHASE 2011-12   113 116     -3  
    6 SH DR PEPPER SNAPPLE GROUP 2010-07 PURCHASE 2011-12   225 231     -6  
    2 SH EATON CORP 2010-02 PURCHASE 2011-08   79 64     15  
    24 SH EATON CORP 2010-02 PURCHASE 2011-08   950 764     186  
    6 SH EATON CORP 2010-04 PURCHASE 2011-08   235 232     3  
    12 SH EATON CORP 2010-04 PURCHASE 2011-08   471 462     9  
    2 SH EATON CORP 2010-04 PURCHASE 2011-08   78 78        
    4 SH EATON CORP 2010-02 PURCHASE 2011-08   157 127     30  
    2 SH EXXON MOBIL CORP COM 2006-10 PURCHASE 2011-12   159 139     20  
    1000 SH FEDERAL HOME LN MTG CORP 2008-06 PURCHASE 2011-12   1,086 1,012     74  
    1000 SH FED NAT'L MORTGAGE ASSOC 2009-01 PURCHASE 2011-12   1,032 1,018     14  
    5 SH FOREST LABS INC 2008-08 PURCHASE 2011-12   146 185     -39  
    11 SH GAP INC DELAWARE 2008-04 PURCHASE 2011-03   240 207     33  
    19 SH GAP INC DELAWARE 2008-04 PURCHASE 2011-03   414 360     54  
    27 SH GAP INC DELAWARE 2008-11 PURCHASE 2011-03   588 293     295  
    6 SH GAP INC DELAWARE 2009-10 PURCHASE 2011-03   129 135     -6  
    27 SH GAP INC DELAWARE 2008-11 PURCHASE 2011-03   582 293     289  
    5 SH GAP INC DELAWARE 2009-10 PURCHASE 2011-12   94 112     -18  
    1000 SH GENERAL ELECTRIC COMPANY 2005-02 PURCHASE 2011-09   1,050 1,008     42  
    1000 SH GENERAL ELECTRIC COMPANY 2006-05 PURCHASE 2011-09   1,050 962     88  
    8 SH HERSHEY COMPANY 2010-10 PURCHASE 2011-11   446 393     53  
    9 SH HERSHEY COMPANY 2010-10 PURCHASE 2011-11   502 447     55  
    2 SH HERSHEY COMPANY 2010-10 PURCHASE 2011-12   118 99     19  
    3 SH HONEYWELL INTL INC DEL 2007-06 PURCHASE 2011-12   158 168     -10  
    4 SH HUNTINGTON INGALLS INDS 2009-08 PURCHASE 2011-04   161 108     53  
    2 SH HUNTINGTON INGALLS INDS 2009-08 PURCHASE 2011-04   80 54     26  
    0 SH HUNTINGTON INGALLS INDS 2009-08 PURCHASE 2011-04   13 9     4  
    12 SH INTL BUSINESS MACHINES 2007-02 PURCHASE 2011-01   1,773 1,184     589  
    10 SH INTL BUSINESS MACHINES 2009-05 PURCHASE 2011-02   1,620 1,045     575  
    15 SH INTL BUSINESS MACHINES 2007-02 PURCHASE 2011-02   2,429 1,480     949  
    29 SH INTL PAPER CO 2007-09 PURCHASE 2011-01   833 1,032     -199  
    3 SH INTL PAPER CO 2007-09 PURCHASE 2011-02   88 107     -19  
    24 SH INTL PAPER CO 2007-09 PURCHASE 2011-02   708 839     -131  
    9 SH INTL PAPER CO 2007-09 PURCHASE 2011-12   248 315     -67  
    5 SH INTL PAPER CO 2007-09 PURCHASE 2011-12   138 175     -37  
    4 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2011-12   254 123     131  
    2 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2011-12   127 61     66  
    6 SH KROGER CO 2006-12 PURCHASE 2011-12   143 143        
    2 SH L-3 COMMNCTNS HLDGS 2007-08 PURCHASE 2011-12   130 194     -64  
    18 SH LIMITED BRANDS INC 2010-06 PURCHASE 2011-10   684 456     228  
    8 SH LIMITED BRANDS INC 2010-06 PURCHASE 2011-12   322 203     119  
    3 SH LIMITED BRANDS INC 2010-06 PURCHASE 2011-12   121 76     45  
    5 SH MARATHON OIL CORP 2009-07 PURCHASE 2011-12   135 84     51  
    5 SH MARATHON OIL CORP 2009-07 PURCHASE 2011-12   135 84     51  
    8 SH MARATHON PETROLEUM CORP 2009-07 PURCHASE 2011-07   335 182     153  
    8 SH MARATHON PETROLEUM CORP 2009-07 PURCHASE 2011-07   336 182     154  
    7 SH MARATHON PETROLEUM CORP 2009-07 PURCHASE 2011-07   291 159     132  
    4 SH MARATHON PETROLEUM CORP 2009-07 PURCHASE 2011-07   160 91     69  
    1 SH MCKESSON CORPORATION COM 2008-11 PURCHASE 2011-12   79 35     44  
    1 SH MCKESSON CORPORATION COM 2006-10 PURCHASE 2011-12   79 51     28  
    7 SH MICROSOFT CORP 2002-11 PURCHASE 2011-12   178 196     -18  
    12 SH MICROSOFT CORP 2002-11 PURCHASE 2011-12   304 336     -32  
    12 SH MOTOROLA SOLUTIONS INC 2010-09 PURCHASE 2011-10   533 397     136  
    2 SH MOTOROLA SOLUTIONS INC 2010-09 PURCHASE 2011-10   89 66     23  
    5 SH MOTOROLA SOLUTIONS INC 2010-09 PURCHASE 2011-12   232 165     67  
    3 SH MOTOROLA SOLUTIONS INC 2010-09 PURCHASE 2011-12   140 99     41  
    9 SH NRG ENERGY INC 2007-12 PURCHASE 2011-12   165 388     -223  
    10 SH NEWS CORP CL A 2010-08 PURCHASE 2011-12   173 124     49  
    2 SH NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2011-12   111 84     27  
    20 SH OCCIDENTAL PETE CORP CAL 2005-10 PURCHASE 2011-10   1,667 749     918  
    14 SH OCCIDENTAL PETE CORP CAL 2008-11 PURCHASE 2011-10   1,167 677     490  
    5 SH OCCIDENTAL PETE CORP CAL 2006-12 PURCHASE 2011-10   417 248     169  
    2 SH PRUDENTIAL FINANCIAL INC 2010-05 PURCHASE 2011-12   97 111     -14  
    5 SH RAYTHEON CO DELAWARE NEW 2006-05 PURCHASE 2011-08   201 230     -29  
    17 SH RAYTHEON CO DELAWARE NEW 2006-05 PURCHASE 2011-08   682 782     -100  
    3 SH RAYTHEON CO DELAWARE NEW 2006-05 PURCHASE 2011-12   134 138     -4  
    8 SH ROSS STORES INC COM 2008-10 PURCHASE 2011-06   611 235     376  
    5 SH ROSS STORES INC COM 2008-10 PURCHASE 2011-06   384 150     234  
    3 SH ROSS STORES INC COM 2008-10 PURCHASE 2011-06   230 88     142  
    12 SH ROSS STORES INC COM 2008-10 PURCHASE 2011-06   911 360     551  
    3 SH ROSS STORES INC COM 2009-05 PURCHASE 2011-06   225 116     109  
    2 SH ROSS STORES INC COM 2008-10 PURCHASE 2011-06   150 60     90  
    1 SH ROSS STORES INC COM 2009-05 PURCHASE 2011-12   93 39     54  
    4 SH SAFEWAY INC NEW 2006-01 PURCHASE 2011-12   84 98     -14  
    2 SH SAFEWAY INC NEW 2006-01 PURCHASE 2011-12   42 49     -7  
    23 SH SANDISK CORP INC 2010-08 PURCHASE 2011-08   876 1,044     -168  
    1 SH SANDISK CORP INC 2010-08 PURCHASE 2011-08   38 46     -8  
    7 SH SARA LEE CORP COM 2010-06 PURCHASE 2011-12   130 103     27  
    6 SH SYMANTEC CORP COM 2010-09 PURCHASE 2011-12   95 93     2  
    10 SH SYMANTEC CORP COM 2010-09 PURCHASE 2011-12   157 154     3  
    18 SH TJX COS INC NEW 2009-12 PURCHASE 2011-02   898 682     216  
    20 SH TJX COS INC NEW 2009-12 PURCHASE 2011-03   998 758     240  
    18 SH TJX COS INC NEW 2009-12 PURCHASE 2011-05   952 685     267  
    2 SH TJX COS INC NEW 2009-12 PURCHASE 2011-05   106 76     30  
    12 SH TJX COS INC NEW 2009-12 PURCHASE 2011-05   635 446     189  
    12 SH TJX COS INC NEW 2009-12 PURCHASE 2011-06   627 446     181  
    11 SH TARGET CORP COM 2010-03 PURCHASE 2011-08   560 573     -13  
    10 SH TARGET CORP COM 2010-03 PURCHASE 2011-08   509 518     -9  
    3 SH TARGET CORP COM 2010-03 PURCHASE 2011-08   149 155     -6  
    2 SH TARGET CORP COM 2010-03 PURCHASE 2011-12   107 103     4  
    21 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2011-10   625 477     148  
    4 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2011-10   119 91     28  
    14 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2011-11   439 318     121  
    38 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2011-11   1,190 876     314  
    12 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2011-11   375 277     98  
    1 SH TRAVELERS COS INC 2005-09 PURCHASE 2011-11   58 44     14  
    7 SH TRAVELERS COS INC 2007-01 PURCHASE 2011-11   402 362     40  
    11 SH TRAVELERS COS INC 2007-01 PURCHASE 2011-11   635 568     67  
    2 SH TRAVELERS COS INC 2007-01 PURCHASE 2011-12   112 103     9  
    1000 SH U.S. TREASURY BOND 2006-05 PURCHASE 2011-12   1,348 977     371  
    3000 SH U.S. TRSY INFLATION NOTE 2009-02 PURCHASE 2011-11   4,173 3,233     940  
    1000 SH U.S. TREASURY BOND 2009-06 PURCHASE 2011-09   1,184 972     212  
    1000 SH U.S. TREASURY NOTE 2009-08 PURCHASE 2011-08   1,000 1,000        
    1000 SH U.S. TREASURY NOTE 2007-05 PURCHASE 2011-08   1,000 1,000        
    1000 SH U.S. TREASURY NOTE 2009-07 PURCHASE 2011-12   1,059 997     62  
    4000 SH U.S. TREASURY NOTE 2009-11 PURCHASE 2011-11   4,048 4,004     44  
    1000 SH U.S. TREASURY NOTE 2010-10 PURCHASE 2011-12   1,065 995     70  
    5 SH UNUM GROUP 2008-10 PURCHASE 2011-12   104 87     17  
    4 SH UNUM GROUP 2008-10 PURCHASE 2011-12   84 79     5  
    1 SH UNUM GROUP 2008-10 PURCHASE 2011-12   21 17     4  
    4 SH VERIZON COMMUNICATNS COM 2009-04 PURCHASE 2011-12   153 123     30  
    1000 SH WAL-MART STORES INC 2010-03 PURCHASE 2011-12   1,061 1,000     61  
    23 SH WAL-MART STORES INC 2008-07 PURCHASE 2011-02   1,198 1,312     -114  
    6 SH WAL-MART STORES INC 2008-11 PURCHASE 2011-02   313 314     -1  
    7 SH WAL-MART STORES INC 2008-07 PURCHASE 2011-02   365 395     -30  
    3 SH WELLPOINT INC 2003-10 PURCHASE 2011-12   195 106     89  
    2 SH WELLPOINT INC 2003-10 PURCHASE 2011-12   131 71     60  
    3 SH WSTN DIGITAL CORP DEL 2008-02 PURCHASE 2011-12   94 95     -1  
    3 SH WSTN DIGITAL CORP DEL 2008-02 PURCHASE 2011-12   95 95        

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 42,794 46,409

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES 170,815 185,084

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    US Government Securities - End of Year Book Value:

    63,907
    US Government Securities - End of Year Fair Market Value:

    71,318
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2011 OtherExpensesSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT FEES 6,783 6,783    
    BANK FEES 112 112    


    TY 2011 OtherIncreasesSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Description Amount
    OTHER ADJUSTMENT 1,019