TY 2011 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
DAVID AND LEZLIE HUDIBURG FAMILY
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2932 NW 122ND STREETROOM/SUITE DRoom/suite

City or town, state, and ZIP code
OKLAHOMA CITY, OK731201955

A Employer identification number

73-1573960

B Telephone number (see page 10 of the instructions)

(405) 755-5571

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$524,969J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	23,530		23,530
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		71,559
b	Gross sales price for all assets on line 6a 511,966
7	Capital gain net income (from Part IV, line 2)...			71,559
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........	95,089		95,089
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		485		485
c	Other professional fees (attach schedule)....		5,190	2,367	2,823
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,675		2,367	3,308
25	Contributions, gifts, grants paid........	23,540			23,540
26	Total expenses and disbursements. Add lines 24 and 25	29,215		2,367	26,848
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	65,874
b	Net investment income (if negative, enter -0-)			92,722
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	2,748	11,209	11,209
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	552,933	513,760	513,760
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	555,681	524,969	524,969
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	555,681	524,969
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	555,681	524,969
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	555,681	524,969

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	555,681
2	Enter amount from Part I, line 27a.....................	2	65,874
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	621,555
5	Decreases not included in line 2 (itemize)	5	96,586
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	524,969

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	ALLIANZ NFJ INTL VL CL C	P	2009-01-28	2011-03-25
b	ALLIANZ NFJ INTL VL CL C	P	2011-03-17	2011-03-25
c	HENDERSON INTL OPP CL C	P	2007-12-11	2011-03-25
d	JANUS FLEXIBLE BD CL C	P	2009-03-02	2011-03-25
e	JANUS FLEXIBLE BD CL C	P	2009-11-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-07-30	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-12-22	2011-03-25
	JANUS FORTY FUND CL I	P	2011-03-28	2011-11-18
	MFS GOVT SECS FD CL C	P	2009-10-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-08-31	2011-03-25
	MFS VALUE FD CL C	P	2009-03-27	2011-03-25
	MFS VALUE FD CL C	P	2011-03-24	2011-03-28
	PIM COM REAL RET STRAT C	P	2010-09-16	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-10-01	2011-03-25
	PIMCO REAL RETURN CL C	P	2011-01-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-01-02	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-11-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-08-03	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-04-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-12-08	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-09-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-07-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-05-19	2011-03-25
	TEMP GLBL ED FD CL C	P	2011-02-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-01-23	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2009-03-19	2011-03-25
	BLACKROCK GLOBAL ALLOC C	P	2009-01-28	2011-03-25
	HENDERSON INTL OPP CL C	P	2008-12-08	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-03-31	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-12-22	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-08-31	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2011-01-31	2011-03-25
	JANUS FORTY FUND CL I	P	2011-03-28	2011-11-18
	MFS GOVT SECS FD CL C	P	2009-11-02	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-08-31	2011-03-25
	MFS VALUE FD CL C	P	2009-06-25	2011-03-25
	MFS VALUE FD CL C	P	2011-03-24	2011-03-28
	PIM COM REAL RET STRAT C	P	2010-12-31	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-10-30	2011-03-25
	PIMCO REAL RETURN CL C	P	2011-02-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-01-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-12-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-08-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-05-03	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-12-31	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-09-22	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-07-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-06-17	2011-03-25
	VIRTUS EMERGING MARKETS	P	2011-03-28	2011-11-18
	ALLIANZ NFJ INTL VL CL C	P	2009-03-20	2011-03-25
	BLACKROCK GLOBAL ALLOC C	P	2009-07-24	2011-03-25
	HENDERSON INTL OPP CL C	P	2010-04-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-04-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-12-22	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-09-30	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2011-02-28	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-01-28	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-11-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-09-30	2011-03-25
	MFS VALUE FD CL C	P	2009-06-26	2011-03-25
	P1M COM REAL RET STRAT C	P	2009-06-19	2011-03-25
	PIM COM REAL RET STRAT C	P	2011-03-17	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-11-30	2011-03-25
	PIMCO REAL RETURN CL C	P	2011-02-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-02-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-12-10	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-09-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-05-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-12-31	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-10-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-08-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-06-17	2011-03-25
	VIRTUS EMERGING MARKETS	P	2011-06-22	2011-11-18
	ALLIANZ NFJ INTL VL CL C	P	2009-06-18	2011-03-25
	BLACKROCK GLOBAL ALLOC C	P	2009-12-21	2011-03-25
	HENDERSON INTL OPP CL C	P	2010-05-05	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-05-01	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-12-23	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-10-29	2011-03-25
	JANUS FORTY FD CL C	P	2007-01-02	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-02-27	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-12-31	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-09-30	2011-03-25
	MFS VALUE FD CL C	P	2009-09-28	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-01-28	2011-03-25
	PIM COM REAL RET STRAT C	P	2011-03-17	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-12-30	2011-03-25
	PIMCO REAL RETURN CLC	P	2009-11-02	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-02-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-12-10	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-10-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-06-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2011-01-31	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-11-21	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-08-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-07-19	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-01-29	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2009-09-17	2011-03-25
	BLACKROCK GLOBAL ALLOC C	P	2010-12-21	2011-03-25
	HENDERSON INTL OPP CL C	P	2010-06-18	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-05-29	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-12-31	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-12-22	2011-03-25
	JANUS FORTY FD CL C	P	2007-01-12	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-03-02	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-01-04	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-10-29	2011-03-25
	MFS VALUE FD CL C	P	2009-12-10	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-03-20	2011-03-25
	PIM COM REAL RET STRAT C	P	2011-03-17	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-12-31	2011-03-25
	PIMCO REAL RETURN CLC	P	2009-12-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-03-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-12-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-11-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-06-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2011-02-28	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-11-24	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-09-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-08-20	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-03-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2009-09-18	2011-03-25
	BLACKROCK GLOBAL ALLOC C	P	2010-12-21	2011-03-25
	HENDERSON INTL OPP CLC	P	2007-11-29	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-06-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-01-04	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-12-31	2011-03-25
	JANUS FORTY FD CL C	P	2007-12-20	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-03-31	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-01-29	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-10-29	2011-03-25
	MFS VALUE FD CL C	P	2009-12-11	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-03-25	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-01-28	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-01-04	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-02-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-04-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-01-02	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-07-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2011-02-28	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-12-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-10-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-08-20	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-03-31	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-03-18	2011-03-25
	BLKRCK US OPP PORT C	P	2009-01-28	2011-03-25
	HENDERSON INTL OPP CLC	P	2007-12-11	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-06-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-01-29	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2011-01-31	2011-03-25
	JANUS FORTY FD CL C	P	2008-12-16	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-04-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-02-26	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-11-30	2011-03-25
	MFS VALUE FD CL C	P	2010-03-25	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-06-18	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-01-29	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-01-29	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-05-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-04-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-01-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-09	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-07-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2011-02-28	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-01-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-11-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-09-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-06-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-04-30	2011-03-25
	BLKRCK US OPP PORT C	P	2010-04-30	2011-03-25
	HENDERSON INTL OPP CLC	P	2008-12-08	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-07-02	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-02-26	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2011-02-28	2011-03-25
	JANUS FORTY FD CL C	P	2008-12-17	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-05-01	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-03-01	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-11-30	2011-03-25
	MFS VALUE FD CL C	P	2010-04-30	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-09-17	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-03-02	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-03-31	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-06-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-05-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-02-27	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-09	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-08-31	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-04-03	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-02-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-11-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-10-19	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-09-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-04-30	2011-03-25
	BLKRCK US OPP PORT C	P	2010-05-03	2011-03-25
	HENDERSON INTL OPP CLC	P	2008-12-09	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-07-31	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-03-01	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2009-06-30	2011-03-25
	JANUS FORTY FD CL C	P	2010-04-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-05-29	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-03-31	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-12-31	2011-03-25
	MFS VALUE FD CL C	P	2010-06-24	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-12-09	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-04-01	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-04-01	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-08-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-06-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-03-02	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-10	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-08-31	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-04-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-02-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-12-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-11-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-10-01	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-05-03	2011-03-25
	BLKRCK US OPP PORT C	P	2010-12-03	2011-03-25
	IVY ASSET STRATEGY FD C	P	2009-01-28	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-08-03	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-03-31	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2009-07-01	2011-03-25
	JANUS FORTY FD CL C	P	2010-04-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-06-01	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-04-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2011-01-31	2011-03-25
	MFS VALUE FD CL C	P	2010-06-24	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-12-10	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-05-29	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-04-30	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-10-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-07-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-03-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-10	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-09-30	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-04-21	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-03-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-01-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-12-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2009-01-21	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-06-17	2011-03-25
	BLKRCK US OPP PORT C	P	2010-12-03	2011-03-25
	IVY ASSET STRATEGY FL) C	P	2010-06-18	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-08-31	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-05-03	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-04-30	2011-03-25
	JANUS FORTY FD CL C	P	2010-05-05	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-06-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-05-03	2011-03-25
	MFS GOVT SECS FD CL C	P	2011-01-31	2011-03-25
	MFS VALUE FD CL C	P	2010-09-28	2011-03-25
	PIM COM REAL RET STRAT C	P	2009-12-30	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-06-30	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-06-30	2011-03-25
	PIMCO REAL RETURN CLC	P	2010-10-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-07-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-04-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-12-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-10-29	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-05-23	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-03-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-01-21	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-12-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-03-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-06-17	2011-03-25
	HENDERSON 1NTL OPP CL C	P	2007-12-20	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-01-28	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-09-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-05-28	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-09-30	2011-03-25
	JANUS FORTY FD CL C	P	2010-06-18	2011-03-25
	MFS GOVT SECS FD CL C	P	2009-07-01	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-05-28	2011-03-25
	MFS GOVT SECS FD CL C	P	2011-02-28	2011-03-25
	MFS VALUE FD CL C	P	2010-09-28	2011-03-25
	PIM COM REAL RET STRAT C	P	2010-03-18	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-07-01	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-07-30	2011-03-25
	PIMCO REAL RETURN CLC	P	2011-02-28	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-08-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-05-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-01-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-11-30	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-06-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-04-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-02-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2011-01-20	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-06-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-09-16	2011-03-25
	HENDERSON INTL OPP CL C	P	2007-10-25	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-01-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-10-01	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-06-01	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-11-30	2011-03-25
	JANUS FORTY FUND CL I	P	2011-03-28	2011-11-17
	MFS GOVT SECS FD CL C	P	2009-07-31	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-06-01	2011-03-25
	MFS GOVT SECS FD CL C	P	2011-02-28	2011-03-25
	MFS VALUE FD CL C	P	2010-12-09	2011-03-25
	PIM COM REAL RET STRAT C	P	2010-03-19	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-07-31	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-11-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2007-12-07	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-08-29	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-06-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-02-01	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-11-30	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-06-23	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-05-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-03-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2011-03-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-09-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2010-09-16	2011-03-25
	HENDERSON INTL OPP CL C	P	2007-12-10	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-02-02	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-10-30	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-06-30	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-11-30	2011-03-25
	JANUS FORTY FUND CL I	P	2011-03-28	2011-11-17
	MFS GOVT SECS FD CL C	P	2009-08-31	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-06-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2011-02-28	2011-03-25
	MFS VALUE FD CL C	P	2010-12-09	2011-03-25
	PIM COM REAL RET STRAT C	P	2010-06-17	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-08-03	2011-03-25
	PIMCO REAL RETURN CL C	P	2010-12-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2007-12-12	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-09-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-06-30	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-02-26	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-12-08	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-07-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-05-20	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-03-18	2011-03-25
	TEMP GLBL BD FD CL C	P	2011-03-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-09-30	2011-03-25
	ALLIANZ NFJ INTL VL CL C	P	2011-03-17	2011-03-25
	HENDERSON INTL OPP CL C	P	2007-12-10	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-02-27	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2009-11-02	2011-03-25
	JANUS FLEXIBLE BD CL C	P	2010-07-30	2011-03-25
	JANUS FLEXIBLE BD CLC	P	2010-12-22	2011-03-25
	JANUS FORTY FUND CL I	P	2011-03-28	2011-11-17
	MFS GOVT SECS FD CL C	P	2009-09-30	2011-03-25
	MFS GOVT SECS FD CL C	P	2010-07-30	2011-03-25
	MFS VALUE FD CL C	P	2009-01-28	2011-03-25
	MFS VALUE FD CL C	P	2011-03-24	2011-03-25
	PIM COM REAL RET STRAT C	P	2010-09-16	2011-03-25
	PIMCO REAL RETURN CL C	P	2009-08-31	2011-03-25
	PIMCO REAL RETURN CL C	P	2011-01-03	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2007-12-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2008-10-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2009-07-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-03-31	2011-03-25
	PIMCO TOTAL RTN FD CL C	P	2010-12-08	2011-03-25
	TEMP GLBL BD FD CL C	P	2008-08-22	2011-03-25
	TEMP GLBL BD FD CL C	P	2009-06-17	2011-03-25
	TEMP GLBL BD FD CL C	P	2010-04-19	2011-03-25
	TEMP GLBL BD FD CL C	P	2011-03-17	2011-03-25
	PUTNAM CONVRTBL SEC FD C	P	2010-12-30	2011-03-25

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	28,176	17,448	10,728
b	63	61	2
c	21	25	-4
d	10	12	-2
e	157	158	-1
	52	54	-2
	648	644	4
	24,981	27,278	-2,297
	162	163	-1
	10	10
	118	79	39
	8	8
	1,021	848	173
	11	11
	11	11
	11	11
	250	237	13
	11	11
	65	67	-2
	402	400	2
	368	303	65
	136	119	17
	68	66	2
	68	68
	83	80	3
	127	72	55
	22,277	16,522	5,755
	288	182	106
	105	98	7
	261	260	1
	52	55	-3
	52	52
	19	20	-1
	10	10
	40	42	-2
	118	88	30
	71	71
	742	719	23
	46	44	2
	11	11
	217	220	-3
	11	10	1
	185	183	2
	11	11
	11	11
	14	11	3
	14	12	2
	14	13	1
	3,998	4,071	-73
	21	12	9
	37	31	6
	11,964	11,016	948
	157	148	9
	63	62	1
	52	55	-3
	7	7
	23,681	23,353	328
	152	154	-2
	10	10
	24	18	6
	9	7	2
	9	9
	23	22	1
	4	4
	11	11
	2,489	2,267	222
	174	175	-1
	33	33
	54	54
	368	300	68
	136	121	15
	68	65	3
	2	2
	190	135	55
	316	282	34
	21	18	3
	10	12	-2
	10	10
	52	55	-3
	5,100	6,385	-1,285
	182	179	3
	152	151	1
	40	42	-2
	47	40	7
	33,714	22,089	11,625
	9	9
	413	389	24
	11	11
	250	252	-2
	1,413	1,287	126
	152	153	-1
	11	11
	43	43
	381	304	77
	14	12	2
	68	85	-17
	16,625	9,476	7,149
	21	18	3
	10	9	1
	9	8	1
	167	162	5
	188	187	1
	209	208	1
	6,036	7,497	-1,461
	10	10
	10	10
	10	10
	118	102	16
	9	6	3
	1,030	1,001	29
	34	32	2
	11	11
	217	218	-1
	304	284	20
	109	110	-1
	33	34	-1
	11	11
	14	11	3
	136	124	12
	14	13	1
	209	123	86
	21	18	3
	130	125	5
	3,789	4,986	-1,197
	575	547	28
	10	10
	63	62	1
	8,069	9,990	-1,921
	182	182
	152	153	-1
	40	42	-2
	24	20	4
	380	254	126
	15,131	12,679	2,452
	11	11
	11	11
	11	11
	11	10	1
	11	11
	11	11
	2	2
	3,841	3,122	719
	136	127	9
	68	67	1
	21	12	9
	21	19	2
	35,334	20,378	14,956
	21	25	-4
	84	75	9
	148	147	1
	10	10
	5,745	3,834	1,911
	182	181	1
	142	142
	10	10
	47	43	4
	418	320	98
	11	10	1
	23	22	1
	46	44	2
	239	240	-1
	315	294	21
	380	381	-1
	33	34	-1
	43	44	-1
	381	316	65
	136	128	8
	68	68
	188	129	59
	5,710	5,111	599
	6,445	5,535	910
	288	182	106
	31	25	6
	178	179	-1
	73	73
	32	21	11
	10	10
	10	10
	40	41	-1
	24,289	22,296	1,993
	557	452	105
	11	9	2
	46	43	3
	11	11
	250	248	2
	207	190	17
	98	98
	11	11
	11,577	10,200	1,377
	150	119	31
	14	13	1
	68	69	-1
	146	115	31
	527	475	52
	37	33	4
	21	13	8
	167	163	4
	10	11	-1
	188	174	14
	34,471	33,813	658
	182	181	1
	142	142
	40	41	-1
	24	20	4
	520	438	82
	11	10	1
	11	11
	11	11
	250	244	6
	11	10	1
	11	11
	33	35	-2
	327	289	38
	14	11	3
	136	127	9
	68	68
	21	16	5
	21	19	2
	22	20	2
	22,563	16,223	6,340
	10	10
	146	147	-1
	10	12	-2
	9,489	9,308	181
	10	10
	142	142
	10	10
	142	118	24
	9	8	1
	23	21	2
	23	22	1
	11	12	-1
	11	11
	196	182	14
	11	11
	33	35	-2
	14	12	2
	150	119	31
	123	117	6
	14	14
	125	104	21
	21	18	3
	450	416	34
	6	5	1
	167	164	3
	10	11	-1
	146	149	-3
	32	31	1
	182	180	2
	10	10
	40	41	-1
	24	20	4
	900	784	116
	103	93	10
	23	22	1
	11	12	-1
	239	233	6
	196	184	12
	98	97	1
	43	47	-4
	341	295	46
	14	11	3
	14	13	1
	272	269	3
	125	109	16
	253	213	40
	8,649	9,983	-1,334
	22,405	21,153	1,252
	156	156
	52	53	-1
	10	11	-1
	16	15	1
	10	10
	51	51
	10	10
	47	42	5
	965	800	165
	11	10	1
	11	11
	11	11
	11	11
	185	177	8
	65	66	-1
	11	12	-1
	354	297	57
	150	127	23
	123	116	7
	68	68
	104	87	17
	21	18	3
	11,491	15,485	-3,994
	10	12	-2
	10	10
	10	11	-1
	10	11	-1
	2	3	-1
	182	181	1
	10	10
	6	6
	24	21	3
	9	8	1
	115	104	11
	11	12	-1
	15,033	14,743	290
	250	245	5
	11	10	1
	11	11
	43	46	-3
	14	11	3
	136	119	17
	123	119	4
	14	14
	21	18	3
	63	56	7
	2,348	2,882	-534
	10	12	-2
	167	167
	63	64	-1
	52	54	-2
	4,198	4,552	-354
	172	172
	51	52	-1
	40	41	-1
	142	133	9
	947	744	203
	11	10	1
	11	11
	478	467	11
	228	216	12
	185	178	7
	65	66	-1
	11	11
	354	299	55
	14	12	2
	14	13	1
	5	5
	83	75	8
	16	15	1
	659	809	-150
	136	122	14
	10	10
	10	11	-1
	10	11	-1
	10	11	-1
	162	163	-1
	51	52	-1
	43,043	30,558	12,485
	13	13
	9	8	1
	184	168	16
	23	23
	217	214	3
	283	264	19
	185	181	4
	65	66	-1
	880	875	5
	354	298	56
	150	129	21
	123	122	1
	68	67	1
	17	16	1

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			10,728
b			2
c			-4
d			-2
e			-1
			-2
			4
			-2,297
			-1

			39

			173



			13

			-2
			2
			65
			17
			2

			3
			55
			5,755
			106
			7
			1
			-3

			-1

			-2
			30

			23
			2

			-3
			1
			2


			3
			2
			1
			-73
			9
			6
			948
			9
			1
			-3

			328
			-2

			6
			2

			1


			222
			-1


			68
			15
			3

			55
			34
			3
			-2

			-3
			-1,285
			3
			1
			-2
			7
			11,625

			24

			-2
			126
			-1


			77
			2
			-17
			7,149
			3
			1
			1
			5
			1
			1
			-1,461



			16
			3
			29
			2

			-1
			20
			-1
			-1

			3
			12
			1
			86
			3
			5
			-1,197
			28

			1
			-1,921

			-1
			-2
			4
			126
			2,452



			1



			719
			9
			1
			9
			2
			14,956
			-4
			9
			1

			1,911
			1


			4
			98
			1
			1
			2
			-1
			21
			-1
			-1
			-1
			65
			8

			59
			599
			910
			106
			6
			-1

			11


			-1
			1,993
			105
			2
			3

			2
			17


			1,377
			31
			1
			-1
			31
			52
			4
			8
			4
			-1
			14
			658
			1

			-1
			4
			82
			1


			6
			1

			-2
			38
			3
			9

			5
			2
			2
			6,340

			-1
			-2
			181



			24
			1
			2
			1
			-1

			14

			-2
			2
			31
			6

			21
			3
			34
			1
			3
			-1
			-3
			1
			2

			-1
			4
			116
			10
			1
			-1
			6
			12
			1
			-4
			46
			3
			1
			3
			16
			40
			-1,334
			1,252

			-1
			-1
			1



			5
			165
			1



			8
			-1
			-1
			57
			23
			7

			17
			3
			-3,994
			-2

			-1
			-1
			-1
			1


			3
			1
			11
			-1
			290
			5
			1

			-3
			3
			17
			4

			3
			7
			-534
			-2

			-1
			-2
			-354

			-1
			-1
			9
			203
			1

			11
			12
			7
			-1

			55
			2
			1

			8
			1
			-150
			14

			-1
			-1
			-1
			-1
			-1
			12,485

			1
			16

			3
			19
			4
			-1
			5
			56
			21
			1
			1
			1

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	71,559
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 . . . . . . . . . . . . .		3	3,212

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? Yes No

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	24,652	529,766	0.046534
2009	32,056	498,096	0.064357
2008	19,850	596,434	0.033281
2007	22,666	513,822	0.044113
2006	3,290	432,938	0.007599

2	Total of line 1, column (d) ......................	2	0.195884
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	0.039177
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	552,850
5	Multiply line 4 by line 3.......................	5	21,659
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	927
7	Add lines 5 and 6.........................	7	22,586
8	Enter qualifying distributions from Part XII, line 4..............	8	26,848
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	927
	hereand 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	927
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	927
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	2,511
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,511
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,584
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax1,584	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

FOUNDATION MANAGEMENT INC Telephone no. bullet

(405) 755-5571

Located at bullet

2932 NW 122ND ST SUITE DOKLAHOMA CITYOK ZIP+4 bullet

731201955

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
DAVID R HUDIBURG	TRUSTEE 1.00	0	0	0
2932 NW 122ND ST OKLAHOMA CITY,OK731201955	TRUSTEE 1.00	0	0	0
LEZLIE L HUDIBURG	TRUSTEE 1.00	0	0	0
2932 NW 122ND ST OKLAHOMA CITY,OK731201955	TRUSTEE 1.00	0	0	0
DAVIS HUDIBURG	TRUSTEE 1.00	0	0	0
2932 NW 122ND ST OKLAHOMA CITY,OK731201955	TRUSTEE 1.00	0	0	0

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...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

555,296

Average of monthly cash balances.......................

5,973

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

561,269

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

561,269

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

8,419

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

552,850

Minimum investment return. Enter 5% of line 5..................

27,643

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

27,643

Tax on investment income for 2011 from Part VI, line 5......

927

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

927

Distributable amount before adjustments. Subtract line 2c from line 1............

26,716

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

26,716

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

26,716

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

26,848

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

26,848

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)............

927

Adjusted qualifying distributions. Subtract line 5 from line 4..............

25,921

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)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7		26,716
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......	23,211
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: $ 26,848
a Applied to 2010, but not more than line 2a	23,211
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.....		3,637
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 ..........		23,079
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

DAVID AND LEZLIE HUDIBURG

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COMMUNITIES FOUNDATION 2932 NW 122ND ST SUITE D OKLAHOMA CITY,OK73120	NONE	501(C)(3)	FUND 907/FOUNDATION PHILANTHROPY	329
K LIFE MINISTRIES PO BOX 54491 OKLAHOMA CITY,OK731541491	NONE	501(C)(3)	UNRESTRICTED GIFT FOR OPERATING EXP	5,000
HOPE HOUSE 2700 NW 178TH ST EDMOND,OK73012	NONE	501(C)(3)	UNRESTRICTED GIFT FOR OPERATING EXP	4,000
POSSIBILITIES PO BOX 60254 OKLAHOMA CITY,OK73146	NONE	501(C)(3)	UNRESTRICTED GIFT FOR OPERATING EXP	4,000
THE HUGS PROJECTS PO BOX 6761 ATTN KAREN STARK EDMOND,OK73073	NONE	501(C)(3)	UNRESTRICTED GIFT FOR OPERATING EXP	3,000
UNITED WAY OF CENTRAL OKLAHOMA PO BOX 837 OKLAHOMA CITY,OK73101	NONE	501(C)(3)	UNRESTRICTED GIFT FOR OPERATING EXP	3,000
YWCA OKLAHOMA CITY 2460 W I-44 SERVICE ROAD OKLAHOMA CITY,OK73112	NONE	501(C)(3)	CAPITOL CAMPAIGN	4,211
Total ................................. 3a				23,540

bApproved for future payment

Total ................................. 3b

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
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	23,530
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	71,559
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)..				95,089

13Total. Add line 12, columns (b), (d), and (e)..................

1395,089

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALLIANZ NFJ INTERNATIONA L VALUE FUN	FMV	34,194	34,194
BLACKROCK GLOBAL ALLOCATION FD INC C	FMV
BLACKROCK US OPPORTUNITIES PORT C	FMV
HENDERSON INTERNATIONAL OPPORTUNITIE	FMV
INVESCO FLOATING RATE	FMV	16,398	16,398
IVY ASSET STRATEGY FUND CL C	FMV
JANUS FLEXIBLE BOND FD CL C	FMV	23,639	23,639
JANUS FORTY FD CL C	FMV	27,974	27,974
JP MORGAN HIGH YLD CL C	FMV	28,178	28,178
LORD ABBETT SHORT DURATION INCOME	FMV	27,410	27,410
MFS EMERGING MARKETS DEBTS CL C	FMV	17,257	17,257
MFS GOVT SECURITIES FD CL C	FMV	30,121	30,121
MFS VALUE FD CL C	FMV	75,214	75,214
PIMCO COMMODITY REAL RETURN STRATEGY	FMV
PIMCO REAL RETURN FD CL C	FMV	24,670	24,670
PIMCO TOTAL RETURN FD CL C	FMV	17,723	17,723
PUTNAM CONVERTIBLE INCOME GROTWH TRU	FMV
TEMPLETON GLOBAL BOND FD CLASS C	FMV	16,312	16,312
FIRST EAGLE GLOBAL CLASS I	FMV	44,165	44,165
PIMCO COMMODITY REAL RETURN STATEGY	FMV	29,720	29,720
LORD ABBETT SHORT DUR INC FD CL F	FMV	1,225	1,225
LORD ABBETT VALUE OPPORTUNITY FUND	FMV	36,396	36,396
VIRTUS EMERGING MKTS OPPORTUNITY	FMV	29,606	29,606
PERMANENT PORTFOLIO FUND	FMV	33,558	33,558

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MANAGEMENT FEES	2,823			2,823
PORTFOLIO MANAGEMENT FEES	2,367	2,367