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
2010
For calendar year 2010, or tax year beginning 10-01-2010 , and ending 09-30-2011
G
Check all that apply:
Name of foundation
THE GLAZER FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)14911 QUORUM DRIVE SUITE 400   Room/suite
City or town, state, and ZIP code
DALLAS, TX75254
A Employer identification number

75-6012545
B Telephone number (see page 10 of the instructions)

(972) 392-8200
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$438,525J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 11,689 11,689  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,310
b Gross sales price for all assets on line 6a 398,642
7 Capital gain net income (from Part IV, line 2)... 37,310
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........ 48,999 48,999  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 514 514    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 21 21    
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 4,116      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,651 535   0
25 Contributions, gifts, grants paid........ 32,000 32,000
26 Total expenses and disbursements. Add lines 24 and 25 36,651 535   32,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,348
b Net investment income (if negative, enter -0-) 48,464
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 (2010)
Form 990-PF (2010)
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............... 43,877 51,670 51,670
2 Savings and temporary cash investments..........      
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)........ 314,224 Click to see attachment234,848 217,632
c Investments—corporate bonds (attach schedule)........ 86,600 Click to see attachment150,531 149,117
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment20,000 Click to see attachment20,106
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 444,701 457,049 438,525
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......... 444,701 457,049
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 444,701 457,049
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 444,701 457,049
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)............... 1 444,701
2 Enter amount from Part I, line 27a...................... 2 12,348
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 457,049
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.. 6 457,049
Form 990-PF (2010)
Form 990-PF (2010)
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 185 ISHARES BARCLAYS TR TIPS   2009-11-24 2010-10-26
b 113 HOME DEPOT   2004-05-26 2010-10-26
c 73 ALTRIA GROUP INC   2004-05-26 2010-10-26
d 45 COLGATE-PALMOLIVE   2004-05-26 2010-10-26
e 75 PHILIP MORRIS INTERNATIONAL   2004-05-26 2010-10-26
175 PROCTER & GAMBLE   2005-08-26 2010-10-26
31 WAL-MART STORES   2004-05-26 2010-10-26
30 CHEVRON CORP   2004-05-26 2010-10-26
30 CHEVRON CORP   2010-03-25 2010-10-26
68 CONOCOPHILLIPS   2004-05-26 2010-10-26
32 CONOCOPHILLIPS   2010-03-25 2010-10-26
65 DEVON ENERGY CORP   2004-05-26 2010-10-26
35 DEVON ENERGY CORP   2010-03-25 2010-10-26
1000 ALLOS THERAPEUTICS INC   2009-11-24 2010-10-26
157 AMERICAN EXPRESS   2004-05-26 2010-10-26
313 BANK OF AMERICA CORP   2006-01-03 2010-10-26
87 BANK OF AMERICA CORP   2009-06-05 2010-10-26
174 EXXON MOBIL CORP   2004-05-26 2010-10-26
10 CITIGROUP   2004-05-26 2010-10-26
240 CITIGROUP   2004-07-15 2010-10-26
750 CITIGROUP   2010-03-25 2010-10-26
1000 CITIGROUP   2010-04-15 2010-10-26
10 GOLDMAN SACHS GROUP   2004-05-26 2010-10-26
550 CELGENE CORP   2004-07-21 2010-10-26
125 CEPHALON INC   2006-06-02 2010-10-26
750 ELAN PLC ADR   2008-08-20 2010-10-26
34 JOHNSON & JOHNSON   2004-05-26 2010-10-26
100 MEDTRONIC INC   2006-01-25 2010-10-26
500 SANGAMO BIOSCIENCES INC.   2009-06-05 2010-10-26
69 3M CO   2004-05-26 2010-10-26
250 CATERPILLAR   2008-11-06 2010-10-26
275 GENERAL ELECTRIC   2004-05-26 2010-10-26
200 HONEYWELL INT'L INC   2009-06-05 2010-10-26
87 LOCKHEED MARTIN   2004-05-26 2010-10-26
60 UNITED TECHNOLOGIES   2004-05-26 2010-10-26
300 CIENA CORP   2010-03-25 2010-10-26
166 DELL INC   2004-05-26 2010-10-26
282 INTEL CORP   2004-05-26 2010-10-26
325 MICROSOFT CORP   2004-05-26 2010-10-26
300 NVIDIA CORP   2010-03-25 2010-10-26
375 SYMANTEC CORP   2004-12-21 2010-10-26
150 TEXAS INSTRUMENTS   2006-10-04 2010-10-26
200 COMMERCIAL METALS CORP   2009-06-05 2010-10-26
100 MONSANTO NEW   2010-04-23 2010-10-26
1400 SPRINT NEXTEL CORP   2010-04-23 2010-10-26
265 HOLOGIC INC   2010-10-26 2010-12-13
25 PROCTER & GAMBLE   2005-08-26 2010-12-13
200 EL PASO ENERGY CORP   2010-10-26 2010-12-13
10 GOLDMAN SACHS GROUP   2004-05-26 2010-12-13
25 JOHNSON & JOHNSON   2004-05-26 2010-12-13
25 EMERSON ELECTRIC   2010-10-26 2010-12-13
60 FREEPORT MCMORAN COPPER   2010-10-26 2011-02-11
381.679 MATTHEWS PACIFIC TIGER   2010-10-26 2011-02-18
40 PPG INDS   2010-10-26 2011-03-04
2507.375 OPPENHEIMER COMMODITY   2010-10-26 2011-03-17
90 CABOT OIL & GAS CORP   2010-10-26 2011-03-22
125 EMC CORP   2004-06-23 2011-03-22
75 EXXON MOBIL   2004-05-26 2011-03-25
50 TRANSDIGM GROUP INC   2010-10-26 2011-04-08
185 VANGUARD REIT ETF   2010-10-26 2011-05-02
30 VANGUARD REIT ETF   2010-09-21 2011-05-02
1118.8 PIMCO COMMODITY REALRET   2010-10-26 2011-05-13
115 PAYCHEX INC   2010-10-26 2011-06-07
60 RESEARCH IN MOTION LTD   2010-10-26 2011-08-12
60 EMERSON ELECTRIC   2010-10-26 2011-08-30
13000 AMERICAN EXPRESS CREDIT   2008-08-28 2011-09-15
50 PETROLEO BRASIL   2011-03-25 2011-09-22
85 DOVER   2010-10-26 2011-09-22
125 VANGUARD EMERGING MARKETS   2010-10-26 2011-09-22
60 SPDR GOLD TRUST   2010-10-26 2011-09-22
150.714 HARBOR INT'L FUND   2010-10-26 2011-09-26
1273.428 OPPENHEIMER INT'L BD   2010-12-03 2011-09-27
837.22 METROPOLITAN WEST HIGH   2010-10-27 2011-09-27
3.875 METROPOLITAN WEST HIGH   2010-12-13 2011-09-27
(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 20,655   19,580 1,075
b 3,540   3,659 -119
c 1,825   927 898
d 3,411   2,254 1,157
e 4,430   2,169 2,261
11,030   8,624 2,406
1,677   1,748 -71
2,543   1,321 1,222
2,543   2,233 310
4,146   2,185 1,961
1,951   1,678 273
4,183   1,678 2,505
2,252   2,269 -17
4,232   6,252 -2,020
6,218   5,722 496
3,568   7,158 -3,590
992   1,067 -75
11,526   6,667 4,859
42   339 -297
1,007   10,584 -9,577
3,147   3,226 -79
4,196   4,909 -713
1,572   922 650
32,551   6,716 25,835
8,079   7,639 440
4,147   10,007 -5,860
2,159   1,844 315
3,594   5,783 -2,189
2,031   2,058 -27
6,248   4,340 1,908
19,713   9,588 10,125
4,463   7,585 -3,122
9,443   7,268 2,175
6,230   3,986 2,244
4,464   1,830 2,634
4,212   4,707 -495
2,426   3,699 -1,273
5,620   8,358 -2,738
8,312   9,370 -1,058
3,594   5,235 -1,641
5,950   8,369 -2,419
4,308   2,145 2,163
2,831   3,688 -857
5,913   6,507 -594
7,252   6,489 763
4,600   4,352 248
1,575   1,232 343
2,717   2,610 107
1,686   922 764
1,533   1,356 177
1,441   1,370 71
3,197   2,943 254
8,496   9,000 -504
3,515   3,103 412
9,854   8,500 1,354
4,426   2,657 1,769
3,293   1,542 1,751
6,281   2,874 3,407
4,022   3,301 721
11,423   10,245 1,178
1,852   1,629 223
10,237   9,700 537
3,502   3,241 261
1,446   3,276 -1,830
2,782   3,289 -507
13,000   13,000  
1,172   2,036 -864
3,939   4,545 -606
4,495   5,907 -1,412
10,095   7,875 2,220
7,541   9,000 -1,459
8,086   8,404 -318
8,172   9,000 -828
38   41 -3
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       1,075
b       -119
c       898
d       1,157
e       2,261
      2,406
      -71
      1,222
      310
      1,961
      273
      2,505
      -17
      -2,020
      496
      -3,590
      -75
      4,859
      -297
      -9,577
      -79
      -713
      650
      25,835
      440
      -5,860
      315
      -2,189
      -27
      1,908
      10,125
      -3,122
      2,175
      2,244
      2,634
      -495
      -1,273
      -2,738
      -1,058
      -1,641
      -2,419
      2,163
      -857
      -594
      763
      248
      343
      107
      764
      177
      71
      254
      -504
      412
      1,354
      1,769
      1,751
      3,407
      721
      1,178
      223
      537
      261
      -1,830
      -507
       
      -864
      -606
      -1,412
      2,220
      -1,459
      -318
      -828
      -3
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 37,310
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))
2009 7,500 465,432 0.016114
2008 1,101,641 765,655 1.438822
2007 140,000 2,028,895 0.069003
2006 120,000 2,201,657 0.054504
2005 91,150 2,083,196 0.043755
2 Total of line 1, column (d) ...................... 2 1.622198
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 0.32444
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 478,376
5 Multiply line 4 by line 3....................... 5 155,204
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 485
7 Add lines 5 and 6......................... 7 155,689
8 Enter qualifying distributions from Part XII, line 4.............. 8 32,000
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 (2010)
Form 990-PF (2010)
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 1 969
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............................ 3 969
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- ..... 5 969
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 64
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,064
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 95
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet95 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? Click to see attachment....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 changesClick to see attachment....
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.Click to see attachment
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)bulletTX
    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 2010 or the taxable year beginning in 2010 (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 ofbulletJUDY GLAZER Telephone no.bullet (972) 392-8200
    Located atbullet14911 QUORUM DRIVE SUITE 400DALLASTX ZIP+4bullet75254
    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 2010, 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 (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    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 2010 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 2010.)....................
    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 2010?
    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 (2010)
    Form 990-PF (2010)
    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
    JUDY GLAZER TRUSTEE
    1.0     		0 0 0
    14911 Quorum Drive Ste 400
    Dallas,TX75254
    Barkley J Stuart Trustee
    1.0     		0 0 0
    14911 Quorum Drive Ste 400
    Dallas,TX75254
    Ann B Glazer Stuart Trustee
    1.0     		0 0 0
    14911 Quorum Drive Ste 400
    Dallas,TX75254
    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
     
    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 (2010)
    Form 990-PF (2010)
    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
    453,783
    b
    Average of monthly cash balances.......................
    1b
    31,878
    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
    485,661
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    485,661
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    7,285
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    478,376
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    23,919
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    23,919
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    969
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    969
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    22,950
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    22,950
    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
    22,950
    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
    32,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    32,000
    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
    32,000
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 22,950
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008....... 995,311
    e From 2009.......  
    fTotal of lines 3a through e......... 995,311
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 32,000
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 22,950
    e Remaining amount distributed out of corpus 9,050
    5 Excess distributions carryover applied to 2010.    
    (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 1,004,361
    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 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		1,004,361
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 995,311
    d Excess from 2009....  
    e Excess from 2010.... 9,050
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Judy Glazer
    14911 Quorum Drive Ste 400
    Dallas,TX75254
    (972) 392-8200
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE SUBMITTED IN WRITING
    cAny submission deadlines:
    NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS OR LIMITATIONS ON AWARDS
    Form 990-PF (2010)
    Form 990-PF (2010)
    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
    BROWN UNIVERSITY
    115 WATERMAN STREET
    PROVIDENCE,RI02912     		N/A 509(A)(1) EDUCATIONAL OPERATIONS 5,000
    DALLAS CONTEMPORARY
    161 GLASS STREET
    DALLAS,TX75207     		N/A 509(A)(1) PROMOTION OF PUBLIC WELFARE 6,000
    PLANNED PARENTHOOD
    434 WEST 33RD STREET
    NEW YORK,NY100012601     		N/A 509(A)(1) CHARITABLE OPERATIONS 5,000
    NORTH COUNTRY SCHOOLCAMP TREETOPS
    4382 CASCADE ROAD
    LAKE PLACID,NY12946     		N/A 509(A)(1) EDUCATIONAL OPERATIONS 15,000
    COMMUNITY HOMES FOR ADULTS INC
    5959 ROYAL LANE SUITE 634-214
    DALLAS,TX75230     		N/A 509(A)(2) PROMOTION OF PUBLIC WELFARE 1,000
    Total .................................bullet 3a 32,000
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 11,689  
    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 37,310  
    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)..   48,999  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1348,999
    (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.)
    N/A NOT APPLICABLE
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Category Amount
    NONE  

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

    TY 2010 DepreciationSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 150,531 149,117

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 234,848 217,632

    TY 2010 LandEtcSchedule2
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherAssetsSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CERTIFICATE OF DEPOSIT 0 20,000 20,106


    TY 2010 OtherExpensesSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES 616      
    MEMBERSHIP FEES 3,500      


    TY 2010 OtherIncomeSchedule2
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS      


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSET MANAGEMENT FEES 14 14    
    TAX RETURN PREPARATION FEES 500 500    


    TY 2010 TaxesSchedule
    Name:
    THE GLAZER FOUNDATION
    EIN: 75-6012545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 21 21