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
EUGENE M CLARY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 669065   Room/suite
City or town, state, and ZIP code
MARIETTA, GA30066
A Employer identification number

58-2310406
B Telephone number (see page 10 of the instructions)

(770) 993-3562
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$8,513,534J 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...... 398,866 398,866  
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 -332,442
b Gross sales price for all assets on line 6a 7,516,557
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........ 66,424 398,866  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000     5,000
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 9,880 4,940   4,940
c Other professional fees (attach schedule).... Click to see attachment 70,447 70,447    
17 Interest............... 212 212    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 14,206      
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 4,677 4,209   468
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 104,422 79,808   10,408
25 Contributions, gifts, grants paid........ 209,699 209,699
26 Total expenses and disbursements. Add lines 24 and 25 314,121 79,808   220,107
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -247,697
b Net investment income (if negative, enter -0-) 319,058
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.......... 361,957 349,902 349,902
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)........ 7,508,155 Click to see attachment7,297,845 6,958,323
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,186,020 Click to see attachment1,186,020 1,205,309
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) 9,056,132 8,833,767 8,513,534
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) Click to see attachment27,568 Click to see attachment52,900
23 Total liabilities (add lines 17 through 22).......... 27,568 52,900
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 9,028,564 8,780,867
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 9,028,564 8,780,867
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,056,132 8,833,767
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 9,028,564
2 Enter amount from Part I, line 27a..................... 2 -247,697
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 8,780,867
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 8,780,867
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 284,324 9,350,411 0.030408
2009 341,514 8,009,412 0.042639
2008 340,000 8,913,093 0.038146
2007 75,000 3,551,601 0.021117
2006 74,000 958,530 0.077202
2 Total of line 1, column (d) ...................... 2 0.209512
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 0.041902
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 8,700,267
5 Multiply line 4 by line 3....................... 5 364,559
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,191
7 Add lines 5 and 6......................... 7 367,750
8 Enter qualifying distributions from Part XII, line 4.............. 8 220,107
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 6,381
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 6,381
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 6,381
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 9,188
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 9,188
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 5
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 2,802
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet2,802 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
 
 
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)bulletGA
    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 addressbulletNONE
    14
    The books are in care ofbulletMARY TEAGUE Telephone no.bullet (770) 993-8190
    Located atbullet4701 POST OAK TRITT ROADMARIETTAGA ZIP+4bullet30062
    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
     
    No
    .........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 bullet2010, 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
     
    No
    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
    KENNETH B CLARYClick to see attachment CEO & TRUSTE
    10.00     		0 0 0
    PO BOX 669065
    MARIETTA,GA30066
    JEAN CLARYClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 669065
    MARIETTA,GA30066
    NANCY LEE OXFORDClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 669065
    MARIETTA,GA30066
    MARY S TEAGUEClick to see attachment SEC / TREAS
    10.00     		5,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    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
    8,435,671
    b
    Average of monthly cash balances.......................
    1b
    397,087
    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
    8,832,758
    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
    8,832,758
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    132,491
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,700,267
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    435,013
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    435,013
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    6,381
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,381
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    428,632
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    428,632
    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
    428,632
    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
    220,107
    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
    220,107
    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
    220,107
    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 7 428,632
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 219,988
    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.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 220,107
    a Applied to 2010, but not more than line 2a 219,988
    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..... 119
    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 ...........     		 
    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 ..........     		428,513
    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:
    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
    ALEXANDER THARPE FUND
    150 BOBBY DODD WAY
    ATLANTA,GA303320455     		NONE 509(A)(1) CHARITABLE 5,000
    AMBASSADORS FOR CHRIST
    1355 TERRELL MILL RD BLD
    MARIETTA,GA30067     		NONE 509(A)(1) CHARITABLE 3,000
    BIBLE BAPTIST CHURCH
    1485 HWY 34E
    NEWNAN,GA30265     		NONE CHURCH CHARITABLE 15,000
    BIBLE BROADCASTING NETWORK
    11530 CARMEL COMMONS BLVD
    CHARLOTTE,NC28226     		NONE 509(A)(1) CHARITABLE 9,000
    COACH'S CORNER
    2799 NORTHSIDE DR NW
    ATLANTA,GA303052805     		NONE 509(A)(1) CHARITABLE 7,500
    CO LABORERS INTL INC
    PO BOX 2012
    SOUTH HACKENSACK,NJ07606     		NONE 509(A)(1) CHARITABLE 9,000
    EASTWOOD BAPTIST CHURCH
    1150 ALLGOOD ROAD
    MARIETTA,GA30062     		NONE CHURCH CHARITABLE 1,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 1063
    STOCKBRIDGE,GA30281     		NONE 509(A)(1) CHARITABLE 10,000
    HOPE NOW INC
    2090 DUNWOODY CLUB DR S
    ATLANTA,GA30350     		NONE 509(A)(1) CHARITABLE 2,500
    INPRINT INC
    P O BOX 76147
    ATLANTA,GA303581147     		NONE 509(A)(1) CHARITABLE 8,000
    NEW TRIBES MISSION
    1000 EAST FIRST STREET
    SANFORD,FL327711487     		NONE 509(A)(1) CHARITABLE 2,500
    NORTH FORSYTH EQUESTRIAN
    2659 FREEDOM PARKWAY
    CUMMING,GA300419177     		NONE 509(A)(1) CHARITABLE 800
    SOS MINISTRIES USA
    PO BOX 189
    DOVER,FL33527     		NONE 509(A)(1) CHARITABLE 12,000
    SWORD OF THE LORD FOUNDATION
    P O BOX 1099
    MURFREESBORO,TN37133     		NONE 509(A)(1) CHARITABLE 15,000
    TENDER MERCY MINISTRIES
    PO BOX 567524
    ATLANTA,GA311567524     		NONE 509(A)(1) CHARITABLE 14,200
    UNIVERSITY BAPTIST CHURCH
    1375 FERNWOOD CIRCLE NE
    ATLANTA,GA30319     		NONE CHURCH CHARITABLE 55,199
    LANCASTER BAPTIST CHURCH- WEST COAS
    4010 E LANCASTER BLVD
    LANCASTER,CA93535     		NONE 509(A)(1) CHARITABLE 40,000
    Total .................................bullet 3a 209,699
    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    
    4 Dividends and interest from securities....     14 398,866  
    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         -332,442
    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)..   398,866 -332,442
    13Total. Add line 12, columns (b), (d), and (e)..................
    1366,424
    (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:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX PREPARATION F 9,880 4,940   4,940

    TY 2011 CompensationExplanation
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Person Name Explanation
    KENNETH B CLARY  
    JEAN CLARY  
    NANCY LEE OXFORD  
    MARY S TEAGUE  

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SPONGETECH DELIVERY SYS, 20000 SHARE 2009-06 PURCHASE 2011-12     5,600     -5,600  
    LORD ABBETT INVESTMENT, 213.447 SHAR 2011-03 PURCHASE 2011-03   2,000 1,996     4  
    SENTINEL SHORT , 18356.19 SHARES 2010-04 PURCHASE 2011-01   169,795 170,350     -555  
    SENTINEL SHORT , 67.57 SHARES 2010-04 PURCHASE 2011-01   625 625        
    SENTINEL SHORT , 119.58 SHARES 2010-04 PURCHASE 2011-01   1,106 1,106        
    SENTINEL SHORT , 110.42 SHARES 2010-05 PURCHASE 2011-01   1,021 1,028     -7  
    SENTINEL SHORT , 40279.272 SHARES 2010-05 PURCHASE 2011-01   372,261 375,005     -2,744  
    SENTINEL SHORT , 177.66 SHARES 2010-06 PURCHASE 2011-01   1,642 1,658     -16  
    SENTINEL SHORT , 121.35 SHARES 2010-07 PURCHASE 2011-01   1,121 1,135     -14  
    SENTINEL SHORT , 111.37 SHARES 2010-08 PURCHASE 2011-01   1,029 1,042     -13  
    SENTINEL SHORT , 118.92 SHARES 2010-09 PURCHASE 2011-01   1,099 1,109     -10  
    SENTINEL SHORT , 32154.34 SHARES 2010-10 PURCHASE 2011-01   297,106 300,005     -2,899  
    SENTINEL SHORT , 157.15 SHARES 2010-10 PURCHASE 2011-01   1,452 1,463     -11  
    SENTINEL SHORT , 167.4 SHARES 2010-11 PURCHASE 2011-01   1,547 1,560     -13  
    SENTINEL SHORT , 159.38 SHARES 2010-12 PURCHASE 2011-01   1,473 1,471     2  
    SENTINEL SHORT , 106.141 SHARES 2011-01 PURCHASE 2011-03   979 981     -2  
    SENTINEL SHORT , 0.185 SHARES 2011-02 PURCHASE 2011-03   2 2        
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-03 PURCHASE 2011-09   75,000 79,919     -4,919  
    LORD ABBETT INVESTMENT, 8484.163 SHA 2011-03 PURCHASE 2012-09   75,000 79,327     -4,327  
    DIREXION DAILY LARGE CAP BULL, 462 S 2011-08 PURCHASE 2011-08   23,406 24,781     -1,375  
    IPATH SX RUSSELL 200 ETN, 420 SHARES 2011-08 PURCHASE 2011-08   21,463 24,629     -3,166  
    SPDR DIJA TRUST ETF, 1000 SHARES 2011-09 PURCHASE 2011-09   114,289 112,290     1,999  
    ACTIVE BEAR ETF, 1450 SHARES 2011-10 PURCHASE 2011-11   36,236 38,962     -2,726  
    APACHE CORP, 700 SHARES 2010-10 PURCHASE 2011-08   69,859 72,329     -2,470  
    APACHE CORP, 300 SHARES 2010-10 PURCHASE 2011-08   29,940 31,002     -1,062  
    CITIGROUP INC COM NEW, 2500 SHARES 2011-05 PURCHASE 2011-06   93,398 104,000     -10,602  
    FORD MOTOR CO NEW, 7200 SHARES 2010-10 PURCHASE 2011-06   100,871 99,995     876  
    GOLDMAN SACHS GROUP INC, 620 SHARES 2010-10 PURCHASE 2011-03   99,978 99,640     338  
    HEWLETT PACKARD CO, 2317 SHARES 2010-12 PURCHASE 2011-06   81,742 99,075     -17,333  
    HEWLETT PACKARD CO, 23 SHARES 2010-12 PURCHASE 2011-06   811 984     -173  
    JP MORGAN CHASE, 2500 SHARES 2010-11 PURCHASE 2011-10   80,440 101,969     -21,529  
    MITEL NETWORKS CORP, 18250 SHARES 2010-12 PURCHASE 2011-10   38,501 100,375     -61,874  
    VAL SA, 200 SHARES 2010-12 PURCHASE 2011-10   4,908 6,628     -1,720  
    VAL SA, 2820 SHARES 2010-12 PURCHASE 2011-10   69,197 93,483     -24,286  
    VAL SA, 2920 SHARES 2011-03 PURCHASE 2011-10   71,651 100,064     -28,413  
    E-HOUSE (CHINA) HOLDINGS, 7250 SHARE 2010-11 PURCHASE 2011-06   62,639 100,123     -37,484  
    GOLDMAN SACHS ABSOLUTE, 54874 SHARES 2010-05 PURCHASE     496,545 496,610     -65  
    GOLDMAN SACHS ABSOLUTE, 337 SHARES 2011-12 PURCHASE 2011-11   3,060 3,121     -61  
    GOLDMAN SACHS SATELLITE, 60827 SHARE 2010-11 PURCHASE 2011-03   490,268 500,000     -9,732  
    ISHARES BARCLYS 1-3 YEAR, 3750 SHARE 2011-03 PURCHASE     316,563 315,188     1,375  
    POWERSHARES EXCHANGE TRADED FD TR ZA 2009-06 PURCHASE     516,364 433,798     82,566  
    PROSHARES SHORT DOW30, 2400 SHARES 2011-09 PURCHASE 2011-11   95,557 103,213     -7,656  
    PROSHARES SHORT RUSSELL, 3000 SHARES 2011-10 PURCHASE 2011-11   90,341 99,735     -9,394  
    PUTNAM ABSOLUTE RETURN - 300 FUND, 4 2011-10 PURCHASE 2011-12   500,000 499,216     784  
    PUTNAM DIVERSIFIED, 62189 SHARES 2010-05 PURCHASE 2011-10   453,360 500,000     -46,640  
    PUTNAM DIVERSIFIED, 62656 SHARES 2010-09 PURCHASE 2011-10   456,765 499,995     -43,230  
    PROSHARES ULTRA REAL, 2000 SHARES 2010-10 PURCHASE 2011-03   109,087 101,064     8,023  
    PROSHARES ULTRA REAL, 2000 SHARES 2010-11 PURCHASE 2011-03   109,087 104,809     4,278  
    VAN KAMPEN UNIT TRS, 48015 SHARES 2010-09 PURCHASE 2011-09   463,550 500,009     -36,459  
    VAN KAMPEN UNIT TRS, 46933 SHARES 2010-10 PURCHASE 2011-09   445,760 500,005     -54,245  
    PVH CORP COM, 500 SHARES (SHORT) 2010-05 PURCHASE 2011-11   27,570 36,565     -8,995  
    EXLSERVICE HOLDINGS, INC, 1000 SHARE 2011-09 PURCHASE 2011-09   22,800 22,096     704  
    INTERDIGITAL, INC., 500 SHARES (SHOR 2011-09 PURCHASE 2011-09   31,276 24,227     7,049  
    SPDR S&P 500, 1000 SHARES (SHORT) 2011-09 PURCHASE 2011-09   121,268 114,997     6,271  
    AVNET INC, 900 SHARES (SHORT) 2011-09 PURCHASE 2011-11   25,470 28,800     -3,330  
    CLIFFS NAT RESOURCES INC, 400 SHARES 2011-09 PURCHASE 2011-10   24,781 21,393     3,388  
    CELANSES CORP NEW SER A , 600 SHARES 2011-09 PURCHASE 2011-10   24,354 20,442     3,912  
    DILLARDS INC, 520 SHARES (SHORT) 2011-09 PURCHASE 2011-11   25,138 27,040     -1,902  
    ECOPETROL SA SPON ADR, 600 SHARES (S 2011-09 PURCHASE 2011-11   24,852 26,100     -1,248  
    KANAS CITY STNH NEW, 470 SHARES (SHO 2011-09 PURCHASE 2011-11   25,188 30,550     -5,362  
    TERADATA CORP NEW (DELA), 430 SHARES 2011-09 PURCHASE 2011-11   24,819 25,800     -981  
    TERRA NITROGEN CO LP COM UNIT MLP, 1 2011-09 PURCHASE 2011-10   25,401 21,506     3,895  
    TEMPLE INLAND INC, 800 SHARES (SHORT 2011-09 PURCHASE 2011-10   25,105 25,054     51  
    WABCO HOLDINGS INC, 575 SHARES (SHOR 2011-09 PURCHASE 2011-10   24,982 20,502     4,480  
    ISHARES TRUST RUSELL 2000 INDEX FUND 2011-10 PURCHASE 2011-11   99,338 108,388     -9,050  
    ISHARES TRUST RUSELL 2000 INDEX FUND 2011-10 PURCHASE 2011-11   49,648 54,194     -4,546  
    ISHARES TRUST RUSELL 2000 INDEX FUND 2011-12 PURCHASE 2011-12   100,348 98,265     2,083  
    ISHARES TRUST RUSELL 2000 INDEX FUND 2011-12 PURCHASE 2011-12   99,763 98,265     1,498  
    ISHARES TRUST RUSELL 2000 INDEX FUND 2011-12 PURCHASE 2011-12   96,865 94,625     2,240  
    GEOEYE INC, 3000 SHARES (SHORT) 2011-11 PURCHASE 2011-12   67,697 57,716     9,981  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SPONGETECH DELIVERY SYS, 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    SENTINEL SHORT , 0 SHARES    
    HARTFORD MUTUAL FUND FLOATING RATE F 368,581 354,564
    HARTFORD MUTUAL FUND FLOATING RATE F 560 538
    HARTFORD MUTUAL FUND FLOATING RATE F 1,764 1,687
    HARTFORD MUTUAL FUND FLOATING RATE F 1,782 1,714
    HARTFORD MUTUAL FUND FLOATING RATE F 895 869
    HARTFORD MUTUAL FUND FLOATING RATE F 1,909 1,853
    HARTFORD MUTUAL FUND FLOATING RATE F 1,882 1,927
    HARTFORD MUTUAL FUND FLOATING RATE F 1,565 1,603
    HARTFORD MUTUAL FUND FLOATING RATE F 1,610 1,600
    HARTFORD MUTUAL FUND FLOATING RATE F 1,559 1,564
    LORD ABBETT INVESTMENT, 39270.304 SH 367,177 353,433
    LORD ABBETT INVESTMENT, 61.165 SHARE 574 550
    LORD ABBETT INVESTMENT, 171.815 SHAR 1,615 1,546
    LORD ABBETT INVESTMENT, 214.167 SHAR 2,005 1,928
    LORD ABBETT INVESTMENT, 101.933 SHAR 948 917
    LORD ABBETT INVESTMENT, 193.714 SHAR 1,800 1,743
    LORD ABBETT INVESTMENT, 219.849 SHAR 1,941 1,979
    LORD ABBETT INVESTMENT, 188.377 SHAR 1,663 1,695
    LORD ABBETT INVESTMENT, 176.439 SHAR 1,602 1,588
    LORD ABBETT INVESTMENT, 168.584 SHAR 1,512 1,517
    APACHE CORP, 0 SHARES    
    APACHE CORP, 0 SHARES    
    CITIGROUP INC, 0 SHARES    
    FORD MOTOR CO NEW, 0 SHARES    
    GOLDMAN SACHS GROUP INC, 0 SHARES    
    HEWLETT PACKARD CO, 0 SHARES    
    HEWLETT PACKARD CO, 0 SHARES    
    JP MORGAN CHASE, 0 SHARES    
    MITEL NETWORKS CORP, 0 SHARES    
    VAL SA, 0 SHARES    
    VAL SA, 0 SHARES    
    E-HOUSE (CHINA) HOLDINGS, 0 SHARES    
    FIRST TR SR FL II, 7000 SHARES 90,507 92,330
    FT 2726 STRATEGIC INCOME, 52476 SHAR 499,031 466,512
    FT 2789 CONV & INCOME, 50796 SHARES 500,000 397,225
    FT 2665 SR AND LN AND, 51073 SHARES 500,010 428,502
    FT 3029 INCOME ALLOC, 53821 SHARES 500,002 484,389
    FT 3079 INCOME ALLOCATN, 53150 SHARE 499,993 487,917
    FT 3189 INCOME ALLCATN, 50937 SHARES 500,003 490,014
    FT 3209 INCOME ALLCATN, 50253 SHARES 499,997 492,982
    GOLDMAN SACHS ABSOLUTE, 0 SHARES 3,390  
    GOLDMAN SACHS ABSOLUTE, 0 SHARES 7  
    GOLDMAN SACHS SATELLITE, 0 SHARES    
    ISHARES BARCLYS 1-3 YEAR, 1600 SHARE 134,480 135,200
    ISHARES BARCLYS 1-3 YEAR, 1500 SHARE 126,900 126,750
    ISHARES BARCLYS 1-3 YEAR, 2000 SHARE 168,815 169,000
    POWERSHARES EXCHANGE TRADED FD TR ZA 66,534 76,892
    POWERSHARE FIN PFD, 20000 SHARES 322,400 322,400
    POWERSHARE FIN PFD, 6000 SHARES 96,780 96,720
    POWERSHARE FIN PFD, 3900 SHARES 62,946 62,868
    POWERSHARE FIN PFD, 100 SHARES 1,615 1,612
    PUTNAM ABSOLUTE RETURN - 700 FUND, 4 516,799 501,133
    PUTNAM ABSOLUTE RETURN - 300 FUND, 3 410,909 401,402
    PUTNAM DIVERSIFIED, 0 SHARES    
    PUTNAM DIVERSIFIED, 0 SHARES 5  
    PUTNAM EQUITY SPECTRUM, 22641 SHARES 525,500 561,950
    PROSHARES ULTRA REAL, 0 SHARES    
    PROSHARES ULTRA REAL, 0 SHARES    
    VAN KAMPEN UNIT TRS, 0 SHARES    
    VAN KAMPEN UNIT TRS, 0 SHARES    
    WESTERN ASSET HIGH YILED, 6000 SHARE 104,984 99,360
    WESTERN ASSET HIGH YILED, 6000 SHARE 105,488 99,360
    ISHARES SILVER TR, 2500 SHARES 101,219 67,350
    ISHARES SILVER TR, 3000 SHARES 96,360 80,820
    ISHARES SILVER TR, 3000 SHARES 100,227 80,820

    TY 2011 InvestmentsOtherSchedule2
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLD COINS AT COST 86,020 86,020
    ANNUITY FMV 1,100,000 1,119,289

    TY 2011 OtherExpensesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 4,677 4,209   468


    TY 2011 OtherLiabilitiesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Beginning of Year - Book Value End of Year - Book Value
    BORROWED SECURITIES 27,568 52,900


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 70,447 70,447    


    TY 2011 TaxesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 14,206