Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
Lighten Family Foundation
 

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

20-8069108
B Telephone number (see page 10 of the instructions)

(800) 839-1754
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,170,644J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 46 46  
4 Dividends and interest from securities...... 141,857 141,857  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 225,198
b Gross sales price for all assets on line 6a 1,655,715
7 Capital gain net income (from Part IV, line 2)... 225,198
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 95 95  
12 Total. Add lines 1 through 11........ 367,196 367,196  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 50,290 50,290    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 7,971 2,328    
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 18,793 539   18,254
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,054 53,157   18,254
25 Contributions, gifts, grants paid........ 297,300 297,300
26 Total expenses and disbursements. Add lines 24 and 25 374,354 53,157   315,554
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,158
b Net investment income (if negative, enter -0-) 314,039
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 574,734 826,379 826,379
3 Accounts receivable bullet1,300
Less: allowance for doubtful accounts bullet     1,300 1,300
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,594,250 Click to see attachment2,185,132 2,438,888
c Investments—corporate bonds (attach schedule)........ 1,120,032 Click to see attachment1,270,073 1,385,148
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 504,235 Click to see attachment503,169 518,929
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,793,251 4,786,053 5,170,644
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment100
23 Total liabilities (add lines 17 through 22)..........   100
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,793,251 4,785,953
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,793,251 4,785,953
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,793,251 4,786,053
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 4,793,251
2 Enter amount from Part I, line 27a..................... 2 -7,158
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 4,786,093
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 140
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,785,953
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,655,715   1,430,517 225,198
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       225,198
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 225,198
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 374,374 5,221,067 000.071705
2009 227,344 4,736,569 000.047998
2008 216,188 4,012,158 000.053883
2007 244,644 3,479,356 000.070313
2006   985,000  
2 Total of line 1, column (d) ...................... 2 000.243899
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 000.048780
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 5,428,906
5 Multiply line 4 by line 3....................... 5 264,822
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,140
7 Add lines 5 and 6......................... 7 267,962
8 Enter qualifying distributions from Part XII, line 4.............. 8 315,554
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,140
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 3,140
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 3,140
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 3,273
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 3273 7 3,273
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 133
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet133 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
    Yes
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Adrienne J Lighten Vice President
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Alexis N Lighten Vice President
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Janifer Lynn Lighten Vice President
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    William E Lighten President / Director / Secretary
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,475,504
    b
    Average of monthly cash balances.......................
    1b
    519,497
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    516,579
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,511,580
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,511,580
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    82,674
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,428,906
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    271,445
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    271,445
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,140
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,140
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    268,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    268,305
    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
    268,305
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    315,554
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    315,554
    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
    3,140
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    312,414
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 268,305
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007....... 63,274
    c From 2008....... 16,592
    d From 2009.......  
    e From 2010....... 119,359
    fTotal of lines 3a through e......... 199,225
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 315,554
    a Applied to 2010, 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 2011 distributable amount..... 268,305
    e Remaining amount distributed out of corpus 47,249
    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 5 246,474
    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 ..........     		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 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 ......     		246,474
    10 Analysis of line 9:
    a Excess from 2007.... 63,274
    b Excess from 2008.... 16,592
    c Excess from 2009....  
    d Excess from 2010.... 119,359
    e Excess from 2011.... 47,249
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Janifer Lynn Lighten
    William E Lighten
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALPHA KAPPA ALPHA SORORITY ZETA NU
    PO BOX 1159
    NEW ROCHELLE,NY10802     		N/A 509(a)(2) General Unrestricted 1,000
    ARCHBISHOP STEPINAC HIGH SCHOOL
    950 MAMARONECK AVE
    WHITE PLAINS,NY10605     		N/A 509(a)(1) General Unrestricted 5,000
    BOULE FOUNDATION
    50 HURT PLZ SE STE 750
    ATLANTA,GA30303     		N/A 509(a)(2) General Unrestricted 25,000
    CENTER CHAPEL MISSIONARY BAPTIST CH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A 509(a)(1) General Unrestricted 3,500
    CONVENT OF THE SACRED HEART
    1177 KING ST
    GREENWICH,CT06831     		N/A 509(a)(1) General Unrestricted 6,550
    FIVER CHILDRENS FOUNDATION INC
    519 8TH AVE 24TH FL
    NEW YORK,NY10028     		N/A 509(a)(1) General Unrestricted 1,500
    FOUNDATION OF WESTCHESTER CLUBMEN I
    8 IDLEWOOD RD
    WHITE PLAINS,NY10605     		N/A 509(a)(1) General Unrestricted 6,000
    GRACE BAPTIST CHURCH
    52 S 6TH AVE
    MT VERNON,NY10550     		N/A 509(a)(1) General Unrestricted 40,000
    HOLISTIC HARDWARE FOUNDATION INC
    423 W 141ST ST
    NEW YORK,NY10031     		N/A 509(a)(2) General Unrestricted 12,000
    METRO-MANHATTAN COMMUNITY FOUNDATIO
    450 N END AVE
    NEW YORK,NY10282     		N/A 509(a)(1) General Unrestricted 2,000
    MOUNT VERNON MB CHURCH
    6580 HWY 57 E POBOX 189
    ROSSVILLE,TN38066     		N/A 509(a)(1) General Unrestricted 500
    NAACP LEGAL DEFENSE AND EDUCATIONAL
    99 HUDSON ST FL 16
    NEW YORK,NY10013     		N/A 509(a)(1) General Unrestricted 25,000
    NEW ROCHELLE POLICE FOUNDATION INC
    475 N AVE
    NEW ROCHELLE,NY10801     		N/A 509(a)(1) General Unrestricted 4,500
    NEW YORK THEOLOGICAL SEMINARY
    475 RIVERSIDE DR STE 500
    NEW YORK,NY10115     		N/A 509(a)(1) General Unrestricted 10,000
    SECOND THANKFUL MISSIONARY BAPTIST
    2373 CYPRESS CREEK RD
    PINELAND,SC29934     		N/A 509(a)(1) General Unrestricted 1,000
    VILLAGE LUTHERAN CHURCH
    172 WHITE PLAINS RD
    BRONXVILLE,NY10708     		N/A 509(a)(1) General Unrestricted 3,750
    WASHINGTON DC MARTIN LUTHER KING JR
    401 F ST NW
    WASHINGTON,DC20001     		N/A 509(a)(1) General Unrestricted 25,000
    WESTCHESTER HAWKS
    15 COVENTRY CIR
    MAHOPAC,NY10541     		N/A 509(a)(2) General Unrestricted 5,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A 509(a)(1) General Unrestricted 120,000
    Total .................................bullet 3a 297,300
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 46  
    4 Dividends and interest from securities....     14 141,857  
    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     18 225,198  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aForeign Tax Refund     01 23  
    bK-1 Pass-Through Income     14 72  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   367,196  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13367,196
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 11000218
    Software Version: 2011.0.0
    Part VI Line 7 - Tax Paid Original Return: 3273


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 GeneralExplanationAttachment
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Identifier Return Reference Explanation

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES NT DTD 5.125 04/01/2019 002824AU4 2500000.00% 25,286 29,028
    AEC CORP 8.0 10/15/2017 00130HBH7 1200000.00% 11,643 13,200
    ALLIANT TECHSYSTEMS INC-6.875-9/15/2020 018804AP9 1200000.00% 12,480 12,240
    ALLY FINL INC-8.00-03/15/2020 02005NAE0 600000.00% 6,810 6,150
    AMERICAN GENL FIN CPMTN 5.400 12/01/2015 02635PTC7 800000.00% 5,880 5,820
    AMERICAN WEST AIRLS-8.057-07/02/2020 023650AG9 784600.00% 7,314 7,689
    ANHEUSER BUSCH COS INC 5.5 01/15/2018 035229DD2 2500000.00% 23,647 28,836
    APACHE CORP NT 6.90000 09/15/2018 037411AV7 2000000.00% 21,686 25,432
    AUTONATION INC NOTES-06.750-04/15/2018 05329WAJ1 1200000.00% 12,300 12,600
    BALL CORP SR NT 6.62500 03/15/2018 058498AL0 700000.00% 7,135 7,175
    BALL CORP-5.750-05/15/2021 058498AQ9 600000.00% 5,910 6,285
    BANK AMER FDG CORP SR NT-L 7.62500 06/01/2019 06051GDZ9 2500000.00% 28,156 26,075
    BANK OF NEW YORK MELLON 5.450 DUE 05-15-19 06406HBM0 2000000.00% 20,152 22,947
    BEAR STEARNS COS IN NTS 06.400 10/02/17 073902PR3 2000000.00% 19,495 22,336
    BECTON DICKINSON CO 5.00000 05/15/2019 NT 075887AU3 2000000.00% 20,066 23,092
    BRISTOL-MYERS SQUIBB NOTES 05.45000 05/01/2018 110122AR9 2000000.00% 21,242 23,984
    CASE CORP NT 7.25000 01/15/2016 14743RAB9 500000.00% 4,850 5,363
    CATERPILLAR FINL SVCS MTNS - 7.150 - 02/15/2019 14912L4E8 2000000.00% 20,339 25,615
    CCO HLDGS LLC / CCO HLDG CAP - 7.250 - 10/30/2017 1248EPAQ6 1200000.00% 12,395 12,645
    CCO HLDGS LLC CAP CORP-06.500-04/30/2021 1248EPAU7 700000.00% 6,904 7,088
    CHESAPEAKE ENERGY NOTES 07.25000 12/15/2018 165167CC9 1800000.00% 18,816 19,890
    CIMAREX ENERGY CO SR NT 7.12500 05/01/2017 171798AA9 500000.00% 4,850 5,213
    CINEMARK USA INC-8.625-06/15/2019 172441AS6 600000.00% 6,533 6,525
    CIT GROUP INC NOTES - 7.000 - 05/01/2015 125581FV5 500000.00% 4,550 5,016
    CIT GROUP INC NOTES - 7.000 - 05/01/2017 125581FX1 1400000.00% 12,193 14,035
    COMCAST CORP CO GURNT NTS 6.500 01/15/2017 20030NAP6 2000000.00% 20,368 23,524
    COMMUNITY HEALTH SYSTEMS 8.875 07/15/2015 12543DAF7 1200000.00% 12,405 12,390
    CONOCOPHILLIPS - 5.750 - 02/01/2019 20825CAR5 2500000.00% 25,678 30,249
    CONSTELLATION BRANDS INC 8.375 12/15/2014 21036PAG3 1200000.00% 12,595 13,485
    CONTINENTAL AIRLINES-4.750-01/12/2021 21079VAA1 1500000.00% 15,088 15,225
    CORRECTIONS CORP AMER NEW 7.75000 06/01/2017GTD S 22025YAK6 1100000.00% 11,583 11,935
    CROWN CASTLE INTL CORP NOTE 09.00000 01/15/2015 228227AZ7 500000.00% 5,300 5,419
    CSC HLDGS INC - 7.625 - 07/15/2018 126304AK0 500000.00% 4,375 5,500
    ECHOSTAR DBS CORP SR NT 7.12500 02/01/2016 27876GBE7 2000000.00% 19,806 21,500
    EDISON MISSION ENERGY 7.5 06/15/2013 281023AN1 700000.00% 5,685 6,790
    EL PASO CORP 7.0 06/15/17 28336LBQ1 1200000.00% 11,600 13,148
    EMERSON ELECTRIC CO - 5.000 - 04/15/2019 291011BA1 2000000.00% 20,151 23,493
    ENERGY FUTURE INTER-10.00-12/01/2020 29269QAA5 1200000.00% 12,750 12,660
    ENERGY TRANSFER EQUITY-07.50-10/15/2020 29273VAC4 1800000.00% 18,968 19,665
    EOG RESOURCES INC NOTES 05.62500 06/01/2019 26875PAD3 2500000.00% 24,953 29,542
    FIRST DATA CORP SR NT 9.87500 09/24/2015 319963AP9 600000.00% 5,535 5,640
    FORD MOTOR - 7.000 - 10/1/2013 345397TZ6 1100000.00% 10,600 11,715
    FREESCALE SEMICONDUCTOR INC 10.12500 12/15/2016 35687MAP2 600000.00% 5,057 6,315
    FRONTIER COMMUNICTNSNOTES 08.25000 05/01/2014CALL 35906AAA6 700000.00% 6,706 7,298
    GE CAP CORP SR UNSERUES 5.625 9/15/17 36962G3H5 2000000.00% 18,031 22,136
    GENON ESCROW CORP-9.875-10/15/2020 37244DAF6 1100000.00% 11,300 11,165
    GENWORTH FINL INC-7.625-09/24/2021 37247DAP1 600000.00% 6,040 5,610
    GEORGIA PAC CORP 8.0 01/15/24 373298CF3 500000.00% 3,725 6,411
    GMAC LLC GTD SR NT 8.00000 11/01/2031 36186CBY8 1100000.00% 10,255 10,615
    GOODRICH PETROLEUM CORP-5.00-10/01/2029 382410AC2 500000.00% 4,650 4,588
    HARRAHS OPER INC SR SECD 11.25 06/01/2017 413627BL3 700000.00% 7,445 7,438
    HCA INC-7.875-02/15/2020 404119BJ7 1800000.00% 19,105 19,440
    HEALTH MGMT ASSN - 6.125 - 4/15/2016 421933AH5 700000.00% 5,933 7,245
    HERTZ CORP SR NT 144A 8.875 01/01/2014 428040BZ1 100000.00% 1,005 1,005
    HEWLETT PACKARD CO-04.300-06/01/2021 428236BM4 3500000.00% 34,575 35,760
    HOST MARRIOT LP NTS 6.375 03/15/2015 44108EAY4 1200000.00% 10,279 12,210
    ICAHN ENTERPRISES-8.00-01/15/2018 451102AH0 1200000.00% 11,948 12,450
    INTERNATIONAL LEASE FIN MTN BE 5.625 09/20/2013 F 45974VA81 600000.00% 5,325 5,865
    IRON MTN INC DEL SR SB NT 8.375 08/15/2021 46284PAM6 600000.00% 6,315 6,390
    JETBLUE AIRWAYS 6.75 10/15/2039 477143AG6 200000.00% 2,377 2,683
    JOHNSON CTLS INC SR NT 5.00000 03/30/2020 478366AU1 2500000.00% 25,045 27,807
    KINDER MORGAN FIN 5.7 01/05/2016 49455WAD8 1200000.00% 11,115 12,270
    L-3 COMMUNICATIONS CORP - 4.750 - 07/15/2020 502413AZ0 2500000.00% 24,090 24,701
    L-3 COMMUNICATIONS CORP-4.95-02/15/2021 502413BA4 1000000.00% 10,413 9,911
    LEUCADIA NATL CORP 7.125 03/15/2017 527288BC7 1200000.00% 9,920 12,075
    LEUCADIA NATL CORP NTS 8.125 09/15/2015 527288BD5 500000.00% 3,813 5,325
    LEVEL 3 FING INC SR NT 8.75000 02/15/2017 527298AL7 2100000.00% 17,824 21,368
    LUBRIZOL CORP NOTES 08.87500 02/01/2019 549271AG9 2000000.00% 21,909 27,634
    LUCENT TECHNOLOGIES INC CONV 2.750 DUE 6/15/2025 549463AH0 200000.00% 1,735 1,750
    MARKWEST ENERGY PARTNERS-06.750-11/01/2020 570506AM7 600000.00% 6,173 6,285
    MEDIACOM BROADBAND 8.5 10/15/2015 58446VAE1 800000.00% 7,320 8,240
    MIDWEST GENERATION PASS THRU CERT 8.56 01/02/2016 59832WAF6 282400.00% 2,902 2,853
    MORGAN STANLEY MTN 05.95000 12/28/2017 61744YAD0 2500000.00% 26,001 23,819
    NEWFIELD EXPLORTN CONOTES 07.12500 05/15/2018 651290AK4 700000.00% 6,450 7,473
    NORTHWEST AIRLINES-6.264-11/20/2021 667294BB7 1812900.00% 18,474 18,174
    NRG ENERGY INC-8.50-06/15/2019 629377BG6 1500000.00% 15,545 15,225
    NUCOR CORP 5.85 6/1/18 670346AK1 2000000.00% 20,722 23,862
    PAETEC HOLDING CORP GTD SR SEC NT 8.87500 06/30/2 695459AD9 500000.00% 5,050 5,400
    PENN NATL GAMING INCSR-8.75-08/15/2019 707569AN9 1200000.00% 12,746 13,050
    PIONEER NAT RES CO NTS 5.875 07/15/2016 723787AE7 500000.00% 3,775 5,441
    PRAXAIR INC NT 4.50000 08/15/2019 74005PAU8 1500000.00% 15,225 17,154
    QUEBECOR MEDIA NTS 7.75 03/15/2016 74819RAG1 500000.00% 3,800 5,138
    QWEST COMMUNICATIONS INTL INC 7.5 02/15/2014 749121BV0 600000.00% 5,864 6,023
    RANGE RES CORP-06.750-08/01/2020 75281AAL3 1200000.00% 12,728 13,320
    REGIONS FINANCIAL CORP NEW 5.750 06/15/2015 7591EPAG5 600000.00% 5,910 5,730
    ROYAL CARIBBEAN CRUISES LTD 6.87500 12/01/2013 SR 780153AP7 800000.00% 7,080 8,440
    SEARS HLDGS CORP-6.625-10/15/2018 812350AE6 1400000.00% 11,448 10,640
    SMITHFIELD FOODS INC 7.75 07/01/2017 832248AQ1 700000.00% 4,928 7,665
    SOUTHWESTERN ENERGY CO-7.50-02/01/2018 845467AE9 2500000.00% 28,968 28,812
    SPRINT CAP CORP GTD NT 6.90000 05/01/2019 852060AG7 1900000.00% 16,210 15,628
    TENET HEALTHCARE CORP 9.25 02/01/2015 88033GBC3 700000.00% 5,971 7,359
    TEREX CORP NEW SR NT 10.87500 06/01/2016 880779AW3 500000.00% 5,534 5,525
    UNITED RENTALS NORTHNOTES 09.25000 12/15/2019CALL 911365AU8 1100000.00% 11,473 11,523
    UNITED TECHNOLOGIES CORP - 6.125 - 02/01/2019 913017BQ1 2000000.00% 21,518 24,713
    UNITED TECHNOLOGIES CORP 04.50000 04/15/2020 913017BR9 1500000.00% 16,618 16,839
    USEC INC SR NT CV 3.00000 10/01/2014 90333EAC2 200000.00% 1,130 928
    VERIZON COMMUNICATIONS - 6.350 - 04/01/2019 92343VAV6 2000000.00% 20,826 24,507
    VIDEOTRON LTEE SR NT 6.87500 01/15/2014 92658TAG3 300000.00% 3,038 3,008
    WACHOVIA CORP GLOBAL MTN 5.75000 02/01/2018NT 92976WBH8 500000.00% 5,634 5,680
    WACHOVIA CORP NT - 5.750 - 06/15/2017 929903DT6 2000000.00% 17,817 22,597
    WELLS FARGO CO - 4.600 - 04/01/2021 94974BEV8 3500000.00% 37,413 38,359
    WYNN LAS VEGAS LLC-7.875-05/01/20201 983130AP0 1100000.00% 11,775 12,114

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    694 shares of 3M CO MMM 50,507 56,720
    600 shares of ACCENTURE PLC ACN 24,017 31,938
    131 shares of AETNA INC. NEW AET 3,829 5,527
    227 shares of AFLAC INC. AFL 12,578 9,820
    58 shares of AGCO CP AGCO 2,094 2,492
    141 shares of AIR PRODS CHEM INC. APD 12,346 12,012
    68 shares of ALLIANT TECH SYS INC ATK 4,037 3,887
    289 shares of ALLIANZ SE ADR AZSEY.PK 3,018 2,737
    603 shares of ALSTOM ALSMY.PK 2,538 1,779
    359 shares of ALUMINA LTD ADS AWC 1,343 1,655
    268 shares of AMC NETWORKS INC AMCX 3,852 10,071
    232 shares of AMEREN CORPORATION AEE 5,809 7,686
    525 shares of AMERICAN EXPRESS CO AXP 13,992 24,764
    800 shares of AMERISOURCEBERGEN CORP ABC 22,716 29,752
    315 shares of ANADARKO PETROLEUM CORP APC 11,595 24,044
    114 shares of ANGLOGOLD LTD AU 4,135 4,839
    57 shares of AON PLC AON 2,103 2,668
    537 shares of ARCH COAL INC. ACI 9,390 7,792
    240 shares of ARRIS GROUP INC - COMMON STOCK ARRS 2,018 2,597
    374 shares of ASTRAZENECA AZN 18,795 17,312
    435 shares of ATT CORP COM NEW T 13,236 13,154
    950 shares of ATMEL CORPORATION ATML 4,126 7,695
    590 shares of AUTODESK, INC. ADSK 11,791 17,895
    500 shares of AUTOMATIC DATA PROCESSING INC. ADP 20,053 27,005
    180 shares of AVNET INC. AVT 5,304 5,596
    214 shares of AXIS CAPITAL HOLDINGS LTD AXS 6,525 6,839
    50 shares of BAKER HUGHES INTL BHI 2,680 2,432
    1625 shares of BANK NEW YORK MELLON CORP COM BK 55,280 32,354
    1112 shares of BANRO CORPORATION BAA 2,041 4,114
    146 shares of BARRICK GOLD CORP COM ABX 5,336 6,607
    260 shares of BELO CORP BLC 255 1,638
    450 shares of BERKSHIRE HATHAWAY INC. CLASS B BRK-B 27,487 34,335
    169 shares of BEST BUY INC. BBY 4,043 3,950
    60 shares of BILL BARRETT CORP BBG 2,817 2,044
    215 shares of BIOGEN IDEC INC BIIB 12,201 23,661
    182 shares of BOEING CO BA 12,606 13,350
    80 shares of BRINKS CO BCO 1,572 2,150
    29 shares of BRISTOW GROUP BRS 980 1,374
    167 shares of BRITISH AMERICAN TOBACCO PLC BTI 12,692 15,845
    510 shares of BROADCOM CORPORATION BRCM 10,910 14,974
    200 shares of BROOKS AUTOMATION, INC BRKS 1,808 2,054
    1070 shares of CABLEVISION SYSTEMS CORP CL A CVC 9,487 15,215
    385 shares of CAE INC CAE 4,005 3,735
    1159 shares of CAMECO CORPORATION CCJ 31,638 20,920
    55 shares of CANADIAN PACIFIC RAILWAY LTD CP 2,434 3,722
    1126 shares of CARREFOUR S.A. CRRFY.PK 7,585 5,044
    277 shares of CHESAPEAKE ENERGY CORPORATION CHK 6,327 6,174
    1360 shares of CINCINNATI BELL INC CBB 4,364 4,121
    700 shares of CINTAS CRP CTAS 23,551 24,367
    101 shares of CNA FINANCIAL CORPORATION CNA 2,400 2,702
    200 shares of COCA-COLA CO KO 11,773 13,994
    80 shares of COGNEX CORPORATION CGNX 1,339 2,863
    162 shares of COLGATE-PALMOLIVE COMPANY CL 12,704 14,967
    1540 shares of COMCAST CORP CMCSK 20,672 36,282
    1050 shares of COMERICA INC CMA 32,385 27,090
    162 shares of COMPUTER SCIENCES CORP CSC 4,633 3,839
    102 shares of CONSOL ENERGY INC. CNX 3,994 3,743
    835 shares of COVIDIEN LTD COV 33,459 37,583
    111 shares of CREDIT SUISSE GROUP ADR CS 4,011 2,606
    565 shares of CREE, INC. CREE 22,853 12,453
    117 shares of CRESUD S.A.C.I.F. Y A. - AMERICAN DEPOSITARY SHARE CRESY.PK 1,103 1,333
    100 shares of CUMMINS INC CMI 4,953 8,802
    415 shares of DAI NIPPON PRINTING LTD JAPANSPONSORED ADR DNPLY.PK 6,107 3,926
    124 shares of DAIICHI SANKYO CO LTD SPONSORED ADR LEVEL 1 DSNKY.PK 2,343 2,425
    1560 shares of DAIWA SECURITIES GROUP DSEEY.PK 8,102 4,898
    538 shares of DEAN FOODS CO DF 4,859 6,026
    525 shares of DEVON ENERGY CORPORATION DVN 34,274 32,550
    484 shares of DIAGEO PLC ADS DEO 36,996 42,311
    80 shares of DIEBOLD INC. DBD 2,084 2,406
    290 shares of DIRECTV GROUP DTV 4,610 12,400
    205 shares of DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST DISCK 4,806 7,729
    310 shares of DOLBY LABORATORIES DLB 11,613 9,458
    213 shares of EAST JAPAN RAILWAY C EJPRY.PK 2,474 2,226
    619 shares of ELECTRICITE FR UNSP/ADR ECIFY.PK 5,042 2,977
    413 shares of ELECTROBRAS-CENTRA PR ADR EBR-B 4,500 5,989
    243 shares of EMERSON ELECTRIC CO. EMR 13,673 11,321
    53 shares of ENDURANCE SPCLTY HLDGS LTD ENH 2,081 2,027
    167 shares of EXXON MOBIL CORP XOM 10,340 14,155
    2302 shares of FINMECCANICA ADR FINMY.PK 9,122 4,098
    350 shares of FLUOR CORP NEW FLR 14,040 17,588
    1131 shares of FOREST LABORATORIES FRX 36,218 34,224
    1546 shares of FORTIS NL S/ADR AGESY.PK 4,486 2,350
    160 shares of FOSTER WHEELER AG FWLT 3,764 3,062
    200 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX 2,878 7,358
    156 shares of FRESH DEL MONTE PROD FDP 3,265 3,902
    130 shares of FUJIFILM HOLDINGS FUJIY.PK 2,609 3,024
    280 shares of GANNETT CO INC GCI 3,994 3,744
    351 shares of GENERAL MILLS INC GIS 12,955 14,184
    943 shares of GEOVIC MINING CORP GVCM 1,178 151
    93 shares of GLATFELTER GLT 1,189 1,313
    818 shares of GLAXOSMITHKLINE PLC GSK 35,248 37,325
    632 shares of GOLD FIELDS LTD ADS GFI 7,317 9,638
    90 shares of GOODRICH CORPORATION GR 5,710 11,133
    57 shares of GOODRICH PETROLEUM CORP NEW GDP 746 783
    67 shares of GUOCO GROUP LTD UNSP/ADR GULRY.PK 1,314 1,233
    38 shares of HACHIJUNI BANK LTD ADR HACBY.PK 2,229 2,158
    530 shares of HARMONIC INC. HLIT 5,059 2,671
    120 shares of HELMERICH PAYNE HP 3,910 7,003
    195 shares of HEXCEL CP DELAWARE HXL 4,147 4,721
    367 shares of HOME DEPOT INC. HD 11,614 15,429
    356 shares of HOME RETAIL GRP PLC ADR HMRTY.PK 3,420 1,837
    340 shares of HUMAN GENOME SCIENCES, INC HGSI 8,215 2,513
    70 shares of IAC/INTERACTIVE CORP IACI 1,141 2,982
    65 shares of IDACORP INC HLDG CO IDA 2,215 2,757
    782 shares of ILLINOIS TOOL WORKS ITW 36,798 36,527
    140 shares of IMMUNOGEN, INC IMGN 1,269 1,621
    65 shares of IMPALA PLATINUM LTD S/ADR IMPUY.PK 1,464 1,340
    575 shares of INGERSOL-RAND PLC IR 25,930 17,520
    289 shares of INGRAM MICRO INC - CL A IM 5,064 5,257
    280 shares of INPUT/OUTPUT INC. IO 4,225 1,716
    606 shares of INTEL CORP INTC 13,869 14,696
    120 shares of INTERXION HOLDING N.V. INXN 1,482 1,614
    260 shares of ISIS PHARMACEUTICALS, INC. ISIS 3,756 1,875
    118 shares of IVANHOE MINES LIMITED COM IVN 1,717 2,091
    22 shares of JAPAN STEEL WORKS JPSWY.PK 1,681 1,505
    202 shares of JOHNSON JOHNSON JNJ 12,528 13,247
    90 shares of KANSAS CITY SOUTHERN KSU 1,214 6,121
    450 shares of KIMBERLY CLARK CORP KMB 29,785 33,102
    1272 shares of KINROSS GOLD CORP KGC 18,582 14,501
    248 shares of KOREA ELECTRIC PW CP KEP 2,221 2,723
    265 shares of KROGER CO KR 5,472 6,418
    260 shares of L-3 COMMUNICATIONS CORP LLL 26,597 17,337
    120 shares of LAM RESEARCH CORP LRCX 4,802 4,442
    240 shares of LAS VEGAS SANDS CORP LVS 1,091 10,255
    222 shares of LAYNE CHRISTENSEN COMPANY LAYN 5,305 5,372
    120 shares of LEVEL 3 COMMUNICATIONS, INC LVLT 1,585 2,039
    925 shares of LIBERTY INTERACTIVE CORP LINTA 2,894 15,004
    175 shares of LIBERTY MEDIA CORPORATION COM LMCA 1,199 13,659
    290 shares of LIN TV CORP TVL 2,938 1,227
    104 shares of LOEWS CORP L 3,556 3,916
    560 shares of LSI CORPORATION LSI 2,037 3,332
    55 shares of MADISON SQUARE GARDEN CO. MSG 858 1,575
    193 shares of MARINE HARVEST ASA MNHVY 2,130 1,642
    172 shares of MCDONALDS CORP MCD 13,119 17,257
    105 shares of MEADWESTVACO CORP MWV 2,664 3,145
    347 shares of MEDTRONIC INC MDT 11,646 13,273
    370 shares of MICROMET, INC MITI 2,476 2,660
    925 shares of MICROSOFT CORPORATION MSFT 25,993 24,013
    33 shares of MOLSON COOR BREW CO CL B TAP 1,423 1,437
    250 shares of MONSANTO CO MON 15,463 17,518
    540 shares of MSAD INS GROUP ADR MSADY.PK 6,194 4,909
    880 shares of MURRAY ROBERTS HLDGS LTD SPONSORED ADR MURZY.PK 3,985 2,719
    180 shares of MYRIAD GENETICS, INC MYGN 4,226 3,769
    145 shares of NATL OILWELL VARCO NOV 3,872 9,859
    800 shares of NESTLE S.A. NSRGY.PK 37,172 46,168
    158 shares of NEWCREST MINING LTD-SPON ADR NCMGY.PK 4,265 4,789
    805 shares of NEXEN INC NXY 15,809 12,808
    241 shares of NEXTERA ENERGY, INC NEE 13,123 14,672
    172 shares of NINTENDO CO LTD ADR OTC NTDOY.PK 4,886 2,914
    289 shares of NIPPON TELEPHONE ADR NTT 5,683 7,320
    684 shares of NOKIA NOK 7,205 3,297
    210 shares of NORTH AMERICAN ENERGY PARTNERS NOA 2,322 1,352
    401 shares of NORTHEAST UTIL NU 11,893 14,464
    36 shares of NORTHERN TRUST CORPORATION NTRS 1,267 1,428
    472 shares of NOVAGOLD RESOURCES NG 4,747 4,003
    220 shares of NOVARTIS AG ADR NVS 12,651 12,577
    160 shares of NOVELLUS SYS INC. NVLS 3,613 6,606
    744 shares of NTT DOCOMO ADS DCM 12,772 13,652
    260 shares of NUCOR CP NUE 10,345 10,288
    399 shares of OAO GAZPROM SPONS GDR OGZPY.PK 4,185 4,262
    184 shares of OLD REP INTL CORP ORI 1,342 1,706
    675 shares of OMNICOM GROUP OMC 29,561 30,092
    120 shares of ONYX PHARMACEUTICALS, INC. ONXX 3,089 5,274
    440 shares of ORIENT-EXPRESS HOTEL OEH 4,545 3,287
    420 shares of PALL CP PLL 13,162 24,003
    303 shares of PANASONIC CORP PC 3,523 2,542
    818 shares of PEARSON PLC PSO 12,756 15,436
    189 shares of PEPSICO INC PEP 12,499 12,540
    99 shares of PETROBRAS ENERGIA SA BUENOS AIRES PZE 1,666 1,249
    3110 shares of POLYUS GOLD INTL LTD GDR LEVEL 1 PLZLY.PK 10,989 9,175
    70 shares of PRECISION CASTPARTS PCP 5,249 11,535
    196 shares of PROCTER GAMBLE CO PG 12,055 13,075
    73 shares of PT TELEKOM. IND. TBK ADR TLK 2,462 2,244
    370 shares of R F MICRO DEVICES INC RFMD 2,033 1,998
    110 shares of RAYMOND JAMES FINANCIAL INC RJF 1,959 3,406
    258 shares of RAYTHEON CO. RTN 11,730 12,482
    140 shares of REGENERON PHARMACEUTICALS, INC REGN 2,448 7,760
    100 shares of ROBERT HALF INTL INC. RHI 2,334 2,846
    132 shares of ROHM CO LTD UNSP ADR ROHCY.PK 3,680 3,041
    120 shares of ROWAN CO PLC RDC 3,069 3,640
    120 shares of ROYAL CARRIBEAN CRUISE RCL 1,799 2,972
    130 shares of RTI INTL METALS INC RTI 3,436 3,017
    667 shares of RUSHYDRO JSC ADR RSHYY.PK 3,435 2,021
    437 shares of SAIC INC SAI 6,001 5,371
    260 shares of SAKS INC SKS 3,452 2,535
    300 shares of SANDISK CORP SNDK 9,744 14,763
    526 shares of SANOFI-AVENTIS SPONSORED ADR SNY 17,254 19,220
    250 shares of SCHLUMBERGER LTD SLB 14,912 17,078
    380 shares of SEACHANGE INTERNATIONAL, INC SEAC 2,554 2,671
    1240 shares of SEAGATE TECHNOLOGY STX 5,244 20,336
    200 shares of SEATTLE GENETICS, INC. SGEN 1,599 3,344
    383 shares of SEKISUI HOUSE LTD SKHSY.PK 2,837 3,336
    70 shares of SEVEN I HOLDINGS C SVNDY.PK 3,223 3,868
    240 shares of SHAW GROUP INC SHAW 6,441 6,456
    275 shares of SHISEIDO CO LTD SSDOY.PK 4,115 4,986
    32 shares of SIEMENS A G ADR SI 2,089 3,060
    387 shares of SILVER STANDARD RES. INC. SSRI 5,526 5,348
    340 shares of SINCLARI BROADCAST GROUP INC SBGI 2,232 3,852
    632 shares of SK TELECOM ADS ADS SKM 9,876 8,602
    413 shares of SKYWEST, INC. SKYW 5,374 5,200
    182 shares of SOCIETE GENERALE FRANCE SCGLY.PK 1,440 791
    80 shares of SOTHEBYS BID 2,619 2,282
    321 shares of SOUTHWEST AIRLINES LUV 2,756 2,748
    225 shares of ST. BARBARA LTD ADR STBMY.PK 2,529 2,081
    2425 shares of STAPLES INC. SPLS 49,133 33,683
    360 shares of STILLWATER MNG CO SWC 3,026 3,766
    862 shares of SUMITOMO MITSUI TR HOLDINGS SPON ADR SUTNY.PK 3,009 2,448
    815 shares of SUMITOMO MITSUI TRUST HOLDINGS INC CMTDY.PK 2,224 2,315
    90 shares of SUNOCO INC SUN 4,771 3,692
    100 shares of SWISSCOM AG S/ADR SCMWY.PK 2,919 3,792
    1425 shares of SYSCO CORP SYY 39,383 41,795
    356 shares of TALISMAN ENERGY INC TLM 4,670 4,539
    1780 shares of TE CONNECTIVITY LTD TEL 33,830 54,841
    14 shares of TECH DATA CORP TECD 260 692
    451 shares of TELECOM ITALIA SPA TI-A 4,122 4,014
    13 shares of TELUS CORP TU 393 696
    652 shares of TESCO PLC ADR TSCDY.PK 12,639 12,284
    110 shares of THE MOSAIC CO MOS 6,776 5,547
    875 shares of TIME WARNER INC. TWX 30,836 31,623
    245 shares of TIME WARNER TELECOM INC. TWTC 3,657 4,748
    702 shares of TNT EXPRESS TNTEY.PK 5,748 5,167
    48 shares of TOYOTA MTR CORP TM 3,391 3,174
    78 shares of TRANSOCEAN LTD. RIG 3,339 2,994
    190 shares of TRIMBLE NAV LTD TRMB 5,263 8,246
    530 shares of TRIQUINT SEMICONDUCTOR, INC. TQNT 2,629 2,581
    207 shares of TURKCELL ILET NEW TKC 2,899 2,434
    530 shares of TYCO INTERNATIONAL LTD. TYC 12,963 24,756
    161 shares of UNIFI INC. UFI 1,989 1,224
    700 shares of UNITED PARCEL SERVICE UPS 45,981 51,233
    65 shares of UNITED STATES CELLULAR CORP USM 4,618 2,836
    70 shares of UNITED STATES STEEL CORP X 3,709 1,852
    159 shares of UNITED TECHNOLOGIES CORP UTX 12,383 11,621
    630 shares of UNITEDHEALTH GROUP INC. UNH 13,673 31,928
    116 shares of UPM-KYMMENE OYJ UPMKY.PK 1,366 1,279
    140 shares of VALSPAR CORP VAL 3,000 5,456
    310 shares of VERTEX PHARMCTLS INC VRTX 8,489 10,295
    310 shares of VISHAY INTERTECH VSH 3,343 2,787
    676 shares of VODAFONE GROUP PLC VOD 16,097 18,948
    51 shares of WACOAL CORP ADR WACLY.PK 2,952 3,348
    120 shares of WADDELLREED FIN INC WDR 1,639 2,972
    700 shares of WAL-MART STORES INC. WMT 34,250 41,832
    1800 shares of WEATHERFORD INTL NEW WFT 18,224 26,352
    32 shares of WEST JAPAN RAILWAY C WJRYY.PK 1,321 1,365
    142 shares of WESTERN DIGITAL CORP WDC 4,121 4,395
    40 shares of WHIRLPOOL CORP WHR 2,434 1,898
    575 shares of WILLIS GROUP HOLDINGS LTD WSH 21,787 22,310
    242 shares of WOLTERS KLUWER S/ADR WTKWY.PK 4,251 4,143
    78 shares of ZIMMER HOLDINGS INC ZMH 3,927 4,167

    TY 2011 InvestmentsOtherSchedule2
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARDEN FOCUSED GLOBAL MACRO FUND LTD   500,000 516,579
    LAZARD LTD LAZ   3,169 2,350

    TY 2011 OtherDecreasesSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Description Amount
    Prior Period Adjustment 140


    TY 2011 OtherExpensesSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 18,229     18,229
    Bank Charges 539 539    
    State or Local Filing Fees 25     25


    TY 2011 OtherIncomeSchedule2
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign Tax Refund 23 23  
    LAZARD LTD K-1 Pass-Through Share of Partnership Income/Loss 72 72  


    TY 2011 OtherLiabilitiesSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Description Beginning of Year - Book Value End of Year - Book Value
        100


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 50,290 50,290    


    TY 2011 TaxesSchedule
    Name:
    Lighten Family Foundation
    EIN: 20-8069108
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2011 3,200 0 0 0
    Foreign Tax Paid 2,328 2,328 0 0
    IRS Excise Tax Payment with 1st ext 2010 990PF 2,442 0 0 0
    IRS Excise Tax Payment with 2nd ext 2010 990PF 1 0 0 0