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 Caroline M Lowndes Foundation Inc
 

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

26-0379209
B Telephone number (see page 10 of the instructions)

(800) 839-1754
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,026,961J 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...... 62,713 62,713  
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 32,875
b Gross sales price for all assets on line 6a 870,463
7 Capital gain net income (from Part IV, line 2)... 45,480
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)....... Click to see attachment 74 74  
12 Total. Add lines 1 through 11........ 95,662 108,267  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000     12,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,445     1,445
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 14,023 14,023    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,300      
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 21,684 29   21,655
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 50,452 14,052   35,100
25 Contributions, gifts, grants paid........ 164,545 164,545
26 Total expenses and disbursements. Add lines 24 and 25 214,997 14,052   199,645
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -119,335
b Net investment income (if negative, enter -0-) 94,215
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.......... 210,865 291,646 291,646
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,513,339 Click to see attachment2,359,524 2,900,159
c Investments—corporate bonds (attach schedule)........ 363,050 Click to see attachment320,517 330,830
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 503,768 Click to see attachment500,000 504,326
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) 3,591,022 3,471,687 4,026,961
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 3,591,022 3,471,687
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,591,022 3,471,687
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,591,022 3,471,687
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 3,591,022
2 Enter amount from Part I, line 27a..................... 2 -119,335
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,471,687
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 3,471,687
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 870,463   824,983 45,480
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       45,480
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 45,480
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 169,382 3,833,377 000.044186
2009 111,586 3,155,195 000.035366
2008 58,638 3,144,908 000.018645
2007 4,900 700,959 000.006990
2006      
2 Total of line 1, column (d) ...................... 2 000.105187
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 000.026297
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,091,472
5 Multiply line 4 by line 3....................... 5 107,593
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 942
7 Add lines 5 and 6......................... 7 108,535
8 Enter qualifying distributions from Part XII, line 4.............. 8 199,645
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 1 942
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............................ 3 942
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- ..... 5 942
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,462
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 1462 7 1,462
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 520
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet520 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    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
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
    Yes
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Caroline M Lowndes President / Director / Secretary
    005.00     		12,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,471,586
    b
    Average of monthly cash balances.......................
    1b
    177,867
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    504,326
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,153,779
    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
    4,153,779
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    62,307
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,091,472
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    204,574
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    204,574
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    942
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    942
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    203,632
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    203,632
    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
    203,632
    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 Click to see attachment..........
    1a
    199,645
    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
    199,645
    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
    942
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    198,703
    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 7 203,632
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 176,391
    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$ 199,645
    a Applied to 2010, but not more than line 2a 176,391
    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..... 23,254
    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 ..........     		180,378
    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).)
    Caroline M Lowndes
    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
    ASSOCIATION OF SMALL FOUNDATIONS
    1720 N ST NW
    WASHINGTON,DC20036     		N/A 509(a)(2) Membership Renewal Fund 695
    CENTRAL PARK CONSERVANCY INC
    14 E 60TH ST
    NEW YORK,NY10022     		N/A 509(a)(1) Presidents Circle Division 10,000
    COUNCIL ON FOUNDATIONS INC
    2121 CRYSTAL DR STE 700
    ARLINGTON,VA22202     		N/A 509(a)(1) Membership Dues 500
    FRANKIES FD FOR FELINE CARE RESCU
    167 W 73RD ST APT 6
    NEW YORK,NY10023     		N/A 509(a)(1) General Unrestricted 1,000
    FRICK COLLECTION
    1 E 70TH ST
    NEW YORK,NY10021     		N/A 509(a)(1) Contributing Fellow Program 2,500
    FRIENDS OF GUNSTON HALL
    10709 GUNSTON RD
    MASON NECK,VA22079     		N/A 509(a)(1) Benefactor Program 500
    FRIENDS OF SULGRAVE MANOR
    1200 MUTUAL BLDG
    RICHMOND,VA23219     		N/A 509(a)(1) Sulgrave Society Program 500
    FUND FOR PARK AVENUE NEW YORK INC
    445 PARK AVE STE 1000
    NEW YORK,NY10022     		N/A 509(a)(1) Tree Lighting Program 1,000
    FUND FOR PARK AVENUE NEW YORK INC
    445 PARK AVE STE 1000
    NEW YORK,NY10022     		N/A 509(a)(1) Planting Project 1,000
    INTERNATIONAL FDN FOR ART RESEARCH
    500 5TH AVE STE 935
    NEW YORK,NY10110     		N/A 509(a)(2) 2011 IFAR Evenings Series Program 35,000
    METROPOLITAN OPERA ASSOCIATION INC
    LINCOLN CENTER
    NEW YORK,NY10023     		N/A 509(a)(1) Contributing Patron Program 3,500
    NATIONAL SOCIETY OF COLONIAL DAMES
    215 E 71ST ST
    NEW YORK,NY10021     		N/A 509(a)(1) Annual Fund 500
    NATIONAL SOCIETY OF THE COLONIAL DA
    PO BOX 22127
    CHARLESTON,SC29413     		N/A 509(a)(2) Powder Magazine Fund 500
    NATIONAL SOCIETY OF THE COLONIAL DA
    2715 Q ST NW
    WASHINGTON,DC20007     		N/A 509(a)(2) Dumbarton House Annual Friends Campaign 500
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK W
    NEW YORK,NY10024     		N/A 509(a)(1) Chairmans Council Fund 10,000
    PHILANTHROPY NEW YORK - REGIONAL AS
    79 5TH AVE 4TH FL
    NEW YORK,NY10003     		N/A 509(a)(1) Membership Fund 1,850
    PIERPONT MORGAN LIBRARY
    225 MADISON AVE
    NEW YORK,NY10016     		N/A 509(a)(1) Association of Fellows Program 6,000
    ROUNDABOUT THEATRE COMPANY INC
    231 W 39TH ST STE 1200
    NEW YORK,NY10018     		N/A 509(a)(1) Patrons Program 2,500
    ST JAMES EPISCOPAL CHURCH
    865 MADISON AVE
    NEW YORK,NY10021     		N/A 509(a)(1) 2011 Stewardship Fund 30,000
    ST JAMES EPISCOPAL CHURCH
    865 MADISON AVE
    NEW YORK,NY10021     		N/A 509(a)(1) Capital Campaign 50,000
    THE ANIMAL MEDICAL CENTER
    510 E 62ND ST 2ND FL
    NEW YORK,NY10065     		N/A 509(a)(2) Cardiology Services 5,000
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		N/A 509(a)(1) 2011 Membership Annual Appeal Campaign 1,000
    THE NY PUBLIC LIBRARY ASTOR LENOX A
    5TH AVE AND 42ND ST
    NEW YORK,NY10018     		N/A 509(a)(1) Summer Reading Campaign 500
    Total .................................bullet 3a 164,545
    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 62,713  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 32,875  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Pass-Through Income     14 74  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   95,662  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1395,662
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 11000218
    Software Version: 2011.0.0
    Part VI Line 7 - Tax Paid Original Return: 1462


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 GeneralExplanationAttachment
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Identifier Return Reference Explanation

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3M CO NT - 4.375 - 08/15/2013 88579EAE5 4000000.00% 42,880 42,519
    ABBOTT LABS NT - 5.600 - 11/30/2017 002819AB6 4000000.00% 44,404 47,765
    CATERPILLAR INC NT - 5.700 - 08/15/2016 149123BM2 3500000.00% 37,588 41,071
    GE CAP CORP - 5.875 - 02/15/2012 36962GXS8 3500000.00% 36,373 35,211
    ORACLE CORP - 5.250 - 01/15/2016 68402LAC8 3500000.00% 36,768 40,324
    PEPSICO INC SR NT - 4.650 - 02/15/2013 713448BG2 4000000.00% 43,198 41,838
    WALMART STORES INC. NOTE - 4.550 - 05/01/2013 931142BT9 4000000.00% 42,898 42,218
    WELLS FARGO COMPANY BOND 05.62500 12/11/2017 949746NX5 3500000.00% 36,408 39,884

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    480 shares of ABBOTT LABS ABT 24,360 26,990
    460 shares of ACCENTURE PLC ACN 17,009 24,486
    140 shares of ADVANCE AUTO PARTS INC AAP 5,484 9,748
    738 shares of AETNA INC. NEW AET 19,615 31,136
    465 shares of ALLIANCE DATA SYSTEM CORP ADS 27,799 48,286
    375 shares of ALTERA CORPORATION ALTR 7,084 13,913
    232 shares of AMERICAN TOWER REIT INC AMT 8,446 13,922
    191 shares of AMERIPRISE FINANCIAL INC AMP 10,213 9,481
    238 shares of AMERISOURCEBERGEN CORP ABC 8,755 8,851
    304 shares of AMETEK INC. AME 7,120 12,798
    143 shares of AMPHENOL CORPORATION APH 6,476 6,491
    330 shares of ANADARKO PETROLEUM CORP APC 21,217 25,189
    225 shares of ANSYS INC. ANSS 8,749 12,888
    405 shares of APACHE CORPORATION APA 35,358 36,685
    151 shares of APPLE INC. AAPL 50,173 61,155
    835 shares of AUTOMATIC DATA PROCESSING INC. ADP 28,878 45,098
    70 shares of AUTOZONE INC AZO 8,429 22,748
    325 shares of AVAGO TECHNOLOGIES LIMITED AVGO 7,518 9,380
    729 shares of B M C SOFTWARE BMC 34,086 23,897
    1736 shares of BANK OF AMERICA CORP BAC 23,369 9,652
    197 shares of BED BATH BEYOND INC. BBBY 4,818 11,420
    164 shares of BLACKROCK INC BLK 28,054 29,231
    124 shares of BROWN FORMAN CORP CL B BF-B 6,896 9,983
    93 shares of C H ROBINSON WORLDWIDE INC. CHRW 4,726 6,490
    174 shares of CATALYST HEALTH SOLUTIONS, INC CHSI 6,648 9,048
    236 shares of CELANESE CORPORATION CE 7,777 10,448
    207 shares of CHECK POINT SOFTWARE TECHNOLOGIES LTD CHKP 6,593 10,876
    228 shares of CHURCH DWIGHT COMMON CHD 6,774 10,433
    2180 shares of CISCO SYSTEMS INC CSCO 48,742 39,414
    856 shares of CITIGROUP INC C 37,845 22,521
    125 shares of CME GROUP, INC CME 33,816 30,459
    374 shares of COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION - CLASS CTSH 11,973 24,052
    1625 shares of COMCAST CORP CL A CMCSA 27,035 38,529
    118 shares of CONCHO RESOURCES INC CXO 5,734 11,063
    355 shares of CORR CP OF AM NEW CXW 7,977 7,231
    630 shares of COVIDIEN LTD COV 29,429 28,356
    8943 shares of CRM MID CAP VALUE FUND CRIMX 228,259 236,730
    390 shares of CVS CAREMARK CORP. CVS 15,241 15,904
    560 shares of DANAHER CORP DHR 18,313 26,342
    160 shares of DARDEN RESTAURANTS INC. DRI 3,640 7,293
    123 shares of DAVITA INC COMMON DVA 7,502 9,325
    305 shares of DICKS SPORTING GDS DKS 9,079 11,248
    125 shares of DIGITAL RLTY TR INC DLR 6,012 8,334
    211 shares of DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST DISCK 6,936 7,955
    202 shares of DOLLAR TREE INC. DLTR 4,727 16,788
    143 shares of DOVER CORP DOV 5,995 8,301
    184 shares of EATON CORP ETN 8,221 8,010
    614 shares of EL PASO CORPORATION EP 12,461 16,314
    301 shares of EQT CORPORATION EQT 10,996 16,492
    70 shares of EQUINIX, INC. EQIX 6,177 7,098
    644 shares of EXPRESS SCRIPTS HOLDING CO. ESRX 23,872 28,780
    334 shares of EXXON MOBIL CORP XOM 18,284 28,310
    74 shares of F M C CP FMC 5,097 6,367
    1008 shares of FIDELITY NATIONAL INFORMATION SERVICES INC FIS 22,639 26,803
    2000 shares of FIDUCIARY CLAYMORE MLP OPP FD FMO 23,900 42,940
    750 shares of FISERV INC FISV 30,711 44,055
    118 shares of FLUOR CORP NEW FLR 6,240 5,930
    1750 shares of FORD MOTOR COMPANY F 25,289 18,830
    19588 shares of FRANKLIN HIGH INCOME FUND ADVISOR CLASS FVHIX 27,619 38,197
    480 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX 15,674 17,659
    291 shares of GAMESTOP CORP GME 6,913 7,022
    2530 shares of GENERAL ELECTRIC CO GE 81,597 45,312
    69 shares of GOOGLE INC CL A GOOG 38,384 44,567
    85 shares of GRAINGER W W INC. GWW 7,339 15,911
    962 shares of H.J. HEINZ COMPANY HNZ 34,939 51,986
    242 shares of HEALTHSOUTH CP HLS 4,466 4,276
    126 shares of HUMANA INC HUM 5,435 11,039
    74 shares of INTERCNTNTLEXCHANGE ICE 6,889 8,921
    35 shares of INTUITIVE SURGICAL, INC. ISRG 11,576 16,205
    83 shares of JONES LANG LASALLE JLL 2,700 5,085
    830 shares of JP MORGAN CHASE CO JPM 29,875 27,598
    325 shares of JUNIPER NETWORKS JNPR 10,138 6,633
    182 shares of KANSAS CITY SOUTHERN KSU 6,613 12,378
    109 shares of LABORATORY CORP AMER HLDGS LH 6,725 9,371
    123 shares of LANDSTAR SYSTEM LSTR 5,050 5,894
    277 shares of LINCARE HOLDINGS, INC. LNCR 6,502 7,122
    229 shares of LINEAR TECHNOLOGY CORP LLTC 6,899 6,877
    255 shares of MARRIOTT INTERNATIONAL INC. CL A MAR 8,252 7,438
    370 shares of MCDONALDS CORP MCD 27,971 37,122
    127 shares of MCKESSON CORP MCK 4,915 9,895
    145 shares of MEDCO HEALTH SOLUTIONS INC. MHS 7,639 8,106
    862 shares of MERCK CO INC. MRK 24,081 32,497
    500 shares of MICROCHIP TECHNOLOGY INC. MCHP 15,186 18,315
    1440 shares of MICROSOFT CORPORATION MSFT 35,945 37,382
    98 shares of MOHAWK INDS INC MHK 6,777 5,865
    386 shares of MOLEX INCORPORATED MOLX 7,972 9,210
    130 shares of MONSTER BEVERAGE CORP MNST 4,067 11,978
    91 shares of MSC INDUSTRIAL DRCT MSM 4,788 6,511
    240 shares of NETAPP, INC. NTAP 8,648 8,705
    188 shares of NII HOLDINGS INC - COMMON STOCK NIHD 4,590 4,004
    175 shares of NIKE INC-CL B NKE 8,642 16,865
    52 shares of NOBLE ENERGY INC. NBL 3,933 4,908
    295 shares of NORFOLK SOUTHERN CORP NSC 16,023 21,494
    1735 shares of ORACLE CORP ORCL 32,338 44,503
    76 shares of PANERA BREAD CO. CL. A. PNRA 6,169 10,750
    218 shares of PEABODY ENERGY CORP BTU 7,101 7,218
    582 shares of PEPSICO INC PEP 40,808 38,616
    250 shares of PETSMART INC. COM PETM 6,304 12,823
    611 shares of PG E CORP PCG 25,828 25,185
    334 shares of POLYCOM, INC. PLCM 6,849 5,444
    330 shares of PRAXAIR INC. PX 20,913 35,277
    49 shares of PRECISION CASTPARTS PCP 3,965 8,075
    44 shares of PRICELINE.COM INCORPORATED PCLN 3,236 20,579
    445 shares of PROCTER GAMBLE CO PG 32,705 29,686
    1102 shares of QEP RESOURCES INC QEP 31,167 32,289
    66 shares of RANGE RESOURCES CORP DEL RRC 4,168 4,088
    1215 shares of REPUBLIC SVCS INC. RSG 33,620 33,473
    340 shares of RIVERBED TECHNOLOGY, INC. RVBD 4,860 7,990
    311 shares of ROCKWOOD HOLDINGS INC ROC 6,460 12,244
    127 shares of ROPER INDUSTRIES NEW COMMON ROP 6,732 11,032
    337 shares of SALLY BEAUTY HLDG SBH 6,664 7,121
    101 shares of SBA COMMUNICATIONS SBAC 4,292 4,339
    193 shares of SHIRE PHARMACEUTICALS, INC SHPGY.PK 12,292 20,053
    332 shares of SKYWORKS SOLUTIONS, INC SWKS 7,063 5,385
    190 shares of SOUTHWESTERN ENERGY SWN 6,362 6,069
    545 shares of SPECTRA ENERGY CORP-W/I SE 10,744 16,759
    290 shares of ST. JUDE MED INC. STJ 11,523 9,947
    120 shares of STERICYCLE INC SRCL 6,972 9,350
    570 shares of STRYKER CORPORATION SYK 23,707 28,335
    176 shares of T. ROWE PRICE ASSOCIATES TROW 9,256 10,023
    915 shares of TARGET CORPORATION TGT 39,436 46,866
    140 shares of TEMPUR PEDIC INTERNATIONAL INC. TPX 4,196 7,354
    133 shares of TIME WARNER CABLE INC TWC 7,904 8,455
    190 shares of TIMKEN CO COM TKR 8,823 7,355
    987 shares of TJX COMPANIES INC TJX 39,570 63,711
    3111 shares of TORTOISE ENERGY CAP CORP TYY 29,045 83,468
    170 shares of TRIUMPH GROUP INC TGI 6,600 9,937
    420 shares of UNITED TECHNOLOGIES CORP UTX 32,115 30,698
    820 shares of UNITEDHEALTH GROUP INC. UNH 20,733 41,558
    128 shares of V F CORP VFC 6,906 16,255
    255 shares of VALSPAR CORP VAL 8,748 9,937
    405 shares of VISA INC V 28,333 41,120
    770 shares of WALGREEN CO WAG 19,768 25,456
    432 shares of WEATHERFORD INTL NEW WFT 7,679 6,324
    1444 shares of WELLS FARGO CO. WFC 38,795 39,797
    1190 shares of WESTERN UNION CO WU 16,621 21,729
    190 shares of WHITING PETROLEUM CORP WLL 10,657 8,871
    1265 shares of WILLIAMS COS WMB 22,169 41,770

    TY 2011 InvestmentsOtherSchedule2
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIGHTHOUSE GLOBAL LONG/SHORT FUND LIMITED   500,000 504,326

    TY 2011 LegalFeesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Governance Matters and Counseling 1,445     1,445


    TY 2011 OtherExpensesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 21,630     21,630
    Bank Charges 28 28    
    LAZARD LTD K1 passthrough 1 1    
    State or Local Filing Fees 25     25


    TY 2011 OtherIncomeSchedule2
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LAZARD LTD K-1 Pass-Through Share of Partnership Income/Loss 74 74  


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 14,023 14,023    


    TY 2011 TaxesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2011 1,300 0 0 0