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
ADELAIDE C RIGGS CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET Room/suite

City or town, state, and ZIP code
BALTIMORE, MD21231

A Employer identification number

52-6740006

B Telephone number (see page 10 of the instructions)

(410) 537-5484

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

$1,241,194J 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	(c) Adjusted net 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......	17,202		17,148
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		81,575
b	Gross sales price for all assets on line 6a 386,174
7	Capital gain net income (from Part IV, line 2)...			81,575
8	Net short-term capital gain.........				0
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........	98,777		98,723
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		10,588	10,588		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		622	358		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	11,210		10,946	0	0
25	Contributions, gifts, grants paid........	59,022				59,022
26	Total expenses and disbursements. Add lines 24 and 25	70,232		10,946	0	59,022
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	28,545
b	Net investment income (if negative, enter -0-)			87,777
c	Adjusted net income (if negative, enter -0-)...				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..........	12,680	42,939	42,939
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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)........	821,035	813,809	957,829
	c	Investments—corporate bonds (attach schedule)........	212,860	218,251	240,426
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	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)	1,046,575	1,074,999	1,241,194
	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.........	1,046,575	1,074,999
	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)....................	1,046,575	1,074,999
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,046,575	1,074,999

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	1,046,575
2	Enter amount from Part I, line 27a.....................	2	28,545
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	1,075,120
5	Decreases not included in line 2 (itemize)	5	121
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,074,999

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	. PROCEEDS OF LITIGATION FROM FOREST LABORATORIES INC		2011-01-04
b	50. DOVER CORP.	2009-07-29	2011-01-05
c	20. CANADIAN NATURAL RESOURCES LTD	2009-05-07	2011-01-06
d	6. SNAP-ON INC	2009-04-21	2011-01-06
e	10. CANADIAN NATURAL RESOURCES LTD	2009-05-07	2011-01-07
	9. SNAP-ON INC	2009-04-21	2011-01-07
	6. STERICYCLE INC	2010-02-25	2011-01-07
	15. STERICYCLE INC	2010-02-25	2011-01-07
	1. STERICYCLE INC	2010-02-22	2011-01-10
	15. TIDEWATER INC	2009-09-21	2011-01-13
	55. CANADIAN NATURAL RESOURCES LTD	2009-05-07	2011-01-14
	15. TIDEWATER INC	2009-09-18	2011-01-14
	35. TIDEWATER INC	2009-11-19	2011-01-14
	34. TRIMBLE NAV LTD	2008-10-22	2011-01-18
	12. DIAMOND OFFSHORE DRILLING	2010-05-25	2011-01-27
	15. E I DU PONT DE NEMOURS & CO.	2008-02-20	2011-01-27
	5. SNAP-ON INC	2009-04-16	2011-01-27
	8. DIAMOND OFFSHORE DRILLING	2010-05-25	2011-01-28
	5. SNAP-ON INC	2009-04-21	2011-01-28
	36. DAVITA INC	2010-01-11	2011-01-31
	5. SNAP-ON INC	2009-04-21	2011-01-31
	30. NATIONAL-OILWELL INC	2010-07-29	2011-02-08
	10. NATIONAL-OILWELL INC	2010-07-29	2011-02-09
	10. DEERE & CO.	2009-03-19	2011-02-11
	81. CISCO SYSTEMS	2010-11-12	2011-02-15
	16. CISCO SYSTEMS	2008-07-21	2011-02-15
	10. NORTHROP GRUMMAN CORP	2010-07-29	2011-02-15
	31. CISCO SYSTEMS	2008-10-24	2011-02-17
	60. CISCO SYSTEMS	2010-11-12	2011-02-17
	22. ASSURANT INC	2009-08-05	2011-02-22
	10. SNAP-ON INC	2009-04-21	2011-02-22
	33. ASSURANT INC	2009-08-05	2011-02-23
	10. SNAP-ON INC	2009-04-06	2011-02-23
	10. SNAP-ON INC	2009-04-06	2011-02-24
	11. ALLERGAN INC	2009-11-16	2011-02-28
	52. ALLERGAN INC	2010-02-25	2011-02-28
	22. ALLERGAN INC	2006-06-14	2011-03-01
	31. ALLERGAN INC	2006-06-14	2011-03-01
	51. ALLERGAN INC	2006-06-14	2011-03-02
	73. ALLERGAN INC	2009-07-16	2011-03-02
	24. CANADIAN NATURAL RESOURCES LTD	2009-11-19	2011-03-04
	3. CANADIAN NATURAL RESOURCES LTD	2010-10-29	2011-03-04
	17. FMC TECHNOLOGIES INC	2011-02-15	2011-03-04
	10. NATIONAL-OILWELL INC	2010-06-30	2011-03-04
	4. FMC TECHNOLOGIES INC	2011-02-15	2011-03-07
	4. FMC TECHNOLOGIES INC	2010-10-29	2011-03-07
	111. CISCO SYSTEMS	2008-10-24	2011-03-08
	15. AIR PRODUCTS & CHEMICALS INC.	2010-05-19	2011-03-15
	78. CISCO SYSTEMS	1997-04-08	2011-03-15
	84. CISCO SYSTEMS	1997-04-08	2011-03-16
	5. NATIONAL-OILWELL INC	2010-06-30	2011-03-22
	238. CISCO SYSTEMS	1997-04-08	2011-03-29
	30. DEERE & CO.	2009-03-19	2011-03-30
	25. MCCORMICK & CO. INC. (NON-VOTING)	2010-05-19	2011-03-30
	25. NATIONAL-OILWELL INC	2010-06-30	2011-03-30
	7.5 HUNTINGTON INGALLS INDUSTRIE	2010-02-04	2011-04-04
	2.5 HUNTINGTON INGALLS INDUSTRIE	2010-07-29	2011-04-04
	11. COVANCE INC	2010-03-02	2011-04-05
	28. COVANCE INC	2010-03-02	2011-04-05
	1. INTUITIVE SURGICAL INC	2011-01-07	2011-04-05
	7. INTUITIVE SURGICAL INC	2010-08-23	2011-04-05
	3. MASTERCARD INC	2010-05-24	2011-04-05
	6. MASTERCARD INC	2010-02-04	2011-04-05
	15. DIAMOND OFFSHORE DRILLING	2010-09-28	2011-04-12
	15. EXXON MOBIL CORP	2010-05-07	2011-04-12
	20. FMC TECHNOLOGIES INC	2010-10-29	2011-04-15
	11. SCHLUMBERGER LTD.	2010-09-03	2011-04-15
	25. CANADIAN NATURAL RESOURCES LTD	2009-11-19	2011-04-26
	. PROCEEDS OF LITIGATION FROM VERITAS SOFTWARE CORP		2011-04-27
	64. TRIMBLE NAV LTD	2009-01-16	2011-04-29
	14. TRIMBLE NAV LTD	2008-11-21	2011-05-02
	27. TRIMBLE NAV LTD	2008-11-21	2011-05-03
	10. AMERICAN EXPRESS CO.	2010-10-15	2011-05-04
	10. EXXON MOBIL CORP	2010-05-07	2011-05-04
	5. SNAP-ON INC	2009-04-06	2011-05-04
	35. TRIMBLE NAV LTD	2009-03-17	2011-05-04
	77. ABB LTD SPON ADR	2010-12-31	2011-05-05
	22. ABB LTD SPON ADR	2010-04-26	2011-05-05
	36. AMPHENOL CORP - CL A	2010-04-21	2011-05-05
	7. ANSYS INC	2010-12-31	2011-05-05
	25. ANSYS INC	2011-01-18	2011-05-05
	10. APPLE COMPUTER INC.	2008-10-10	2011-05-05
	55. BANK OF NEW YORK MELLON CORP	2008-09-17	2011-05-05
	46. CANADIAN NATURAL RESOURCES LTD	2009-05-04	2011-05-05
	27. CITRIX SYSTEMS INC	2008-07-01	2011-05-05
	21. COACH INC	2011-03-15	2011-05-05
	6. COACH INC	2011-03-15	2011-05-05
	42. COACH INC	2008-09-11	2011-05-05
	27. COGNIZANT TECH SOLUTIONS CRP COM	2008-10-30	2011-05-05
	11. COSTCO WHOLESALE CORPORATION	2009-05-29	2011-05-05
	27. COSTCO WHOLESALE CORPORATION	2009-05-29	2011-05-05
	41. COVANCE INC	2009-12-31	2011-05-05
	15. DANAHER CORP	2010-11-30	2011-05-05
	22. DANAHER CORP	2008-05-13	2011-05-05
	24. DAVITA INC	2011-03-02	2011-05-05
	44. EXPRESS SCRIPTS INC-CL A	2011-04-05	2011-05-05
	50. FMC TECHNOLOGIES INC	2010-10-29	2011-05-05
	38. FLUOR CORP NEW COM	2011-03-07	2011-05-05
	25. IDEXX LABORATORIES CORP	2008-10-10	2011-05-05
	3. INTUITIVE SURGICAL INC	2010-10-20	2011-05-05
	4. INTUITIVE SURGICAL INC	2011-01-07	2011-05-05
	6. MASTERCARD INC	2008-09-25	2011-05-05
	2. MASTERCARD INC	2010-05-24	2011-05-05
	19. MEAD JOHNSON NUTRITION CO	2010-12-07	2011-05-05
	14. MEAD JOHNSON NUTRITION CO	2011-01-18	2011-05-05
	29. NETAPP INC	2011-02-17	2011-05-05
	7. NETAPP INC	2008-07-01	2011-05-05
	49. QUALCOMM CORP.	2009-08-31	2011-05-05
	28. ROPER INDUSTRIES INC NEW	2009-10-27	2011-05-05
	10. SALESFORCE COM INC	2009-02-10	2011-05-05
	20. SCHLUMBERGER LTD.	2009-03-17	2011-05-05
	6. SCHLUMBERGER LTD.	2010-09-03	2011-05-05
	17.00041 CHARLES SCHWAB CORP.	2008-05-13	2011-05-05
	99.99959 CHARLES SCHWAB CORP.	2008-05-13	2011-05-05
	24. STERICYCLE INC	2010-02-22	2011-05-05
	46. TRIMBLE NAV LTD	2009-03-17	2011-05-05
	64. URBAN OUTFITTERS INC	2010-05-26	2011-05-05
	43. ACCENTURE PLC CL A	2007-11-09	2011-05-05
	91. GENPACT LIMITED	2010-04-15	2011-05-05
	114.285 AMERICAN EUROPACIFIC GRTH F2	2010-05-28	2011-05-06
	374.813 BROWN CARDINAL	2008-01-31	2011-05-06
	145.985 SCOUT INTERNATIONAL FUND	2010-05-28	2011-05-06
	8. SNAP-ON INC	2009-04-06	2011-05-06
	27. SNAP-ON INC	2009-04-06	2011-05-09
	11. CITRIX SYSTEMS INC	2008-07-21	2011-05-11
	20. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-20	2011-05-26
	10. NORTHROP GRUMMAN CORP	2010-07-29	2011-06-02
	10. ACCENTURE PLC CL A	2009-03-30	2011-06-02
	58. ABB LTD SPON ADR	2010-04-26	2011-06-13
	10. AIR PRODUCTS & CHEMICALS INC.	2010-02-05	2011-06-13
	18. DANAHER CORP	2008-03-28	2011-06-13
	5. MASTERCARD INC	2008-09-25	2011-06-13
	30. QUALCOMM CORP.	2009-08-31	2011-06-13
	. PROCEEDS OF LITIGATION FROM QWEST COMMUNICATIONS		2011-06-13
	30. AIR PRODUCTS & CHEMICALS INC.	2010-05-25	2011-06-14
	25. EXXON MOBIL CORP	2010-05-28	2011-06-14
	12. AIR PRODUCTS & CHEMICALS INC.	2009-01-15	2011-06-15
	13. AIR PRODUCTS & CHEMICALS INC.	2009-02-25	2011-06-16
	. PROCEEDS OF LITIGATION FROM UNITED HEALTH		2011-06-16
	20. ACCENTURE PLC CL A	2009-03-27	2011-06-20
	5. ACCENTURE PLC CL A	2009-03-09	2011-06-21
	5. NORTHROP GRUMMAN CORP	2010-07-29	2011-06-22
	10. NORTHROP GRUMMAN CORP	2010-02-04	2011-06-22
	5. WALGREEN CO.	2010-12-08	2011-06-22
	25. WALGREEN CO.	2011-03-22	2011-06-22
	10. AMERICAN EXPRESS CO.	2010-10-15	2011-06-23
	8. DAVITA INC	2011-02-28	2011-06-23
	12. ROPER INDUSTRIES INC NEW	2009-10-26	2011-06-23
	7. STERICYCLE INC	2010-02-04	2011-06-23
	2. DAVITA INC	2007-11-29	2011-06-24
	1. DAVITA INC	2011-02-28	2011-06-24
	5. DAVITA INC	2007-11-29	2011-06-24
	1. ROPER INDUSTRIES INC NEW	2009-10-26	2011-06-24
	6. STERICYCLE INC	2010-02-04	2011-06-24
	10. ACCENTURE PLC CL A	2009-03-09	2011-06-24
	50. ACCENTURE PLC CL A	2009-04-21	2011-06-28
	37. ACCENTURE PLC CL A	2007-11-09	2011-06-28
	5. NORTHROP GRUMMAN CORP	2010-02-04	2011-07-08
	3. APPLE COMPUTER INC.	2011-06-13	2011-07-14
	20. WALGREEN CO.	2010-12-08	2011-07-21
	30. NORTHROP GRUMMAN CORP	2010-01-29	2011-07-26
	80. OWENS ILLINOIS INC NEW	2011-06-15	2011-07-29
	25. MEDTRONIC INC.	2010-12-17	2011-08-02
	35. MEDTRONIC INC.	2010-05-19	2011-08-02
	87. ABB LTD SPON ADR	2009-09-25	2011-08-03
	20. ABB LTD SPON ADR	2009-09-25	2011-08-03
	4. APPLE COMPUTER INC.	2008-10-10	2011-08-03
	3. APPLE COMPUTER INC.	2008-10-07	2011-08-03
	50. BANK OF NEW YORK MELLON CORP	2004-01-09	2011-08-03
	4. GOOGLE INC CL A	2010-03-08	2011-08-03
	4. GOOGLE INC CL A	2011-05-05	2011-08-03
	25. MEDTRONIC INC.	2009-06-02	2011-08-04
	166. BANK OF NEW YORK MELLON CORP	2010-03-02	2011-08-05
	16. MEDTRONIC INC.	2009-07-29	2011-08-05
	12. BANK OF NEW YORK MELLON CORP	2010-06-03	2011-08-08
	116. BANK OF NEW YORK MELLON CORP	2010-10-18	2011-08-08
	38. BANK OF NEW YORK MELLON CORP	2010-06-03	2011-08-08
	50. MEDTRONIC INC.	2009-07-29	2011-08-08
	15. MEDTRONIC INC.	2010-08-24	2011-08-09
	34. MEDTRONIC INC.	2009-06-10	2011-08-09
	50. BANK OF NEW YORK MELLON CORP	2008-09-17	2011-08-18
	85. CISCO SYSTEMS	2010-05-20	2011-08-18
	40. DELL INC	2008-05-08	2011-08-18
	17. LENNOX INTL INC	2011-06-14	2011-08-18
	5. MASTERCARD INC	2008-09-25	2011-08-18
	20. CA INC	2011-01-26	2011-08-19
	25. CA INC	2010-09-28	2011-08-19
	88. LENNOX INTL INC	2011-07-29	2011-08-19
	16. MEAD JOHNSON NUTRITION CO	2010-12-07	2011-08-19
	150. BANK OF NEW YORK MELLON CORP	2009-10-28	2011-08-23
	30. BANK OF NEW YORK MELLON CORP	2010-09-28	2011-08-23
	100. URBAN OUTFITTERS INC	2010-05-25	2011-08-23
	86. URBAN OUTFITTERS INC	2010-05-25	2011-08-24
	10. URBAN OUTFITTERS INC	2010-05-25	2011-08-24
	26. URBAN OUTFITTERS INC	2010-09-29	2011-08-24
	100. URBAN OUTFITTERS INC	2010-08-05	2011-08-24
	13. URBAN OUTFITTERS INC	2010-08-05	2011-08-25
	47. URBAN OUTFITTERS INC	2011-03-08	2011-08-25
	63. URBAN OUTFITTERS INC	2011-03-29	2011-08-25
	639.386 IVY GLBL NATURAL RESOURCE I	2011-05-06	2011-08-29
	6. V F CORP.	2011-02-24	2011-08-29
	15. ACE LTD	2009-08-07	2011-08-29
	8. IDEXX LABORATORIES CORP	2008-10-10	2011-08-31
	8. IDEXX LABORATORIES CORP	2008-10-10	2011-09-01
	4. V F CORP.	2011-01-27	2011-09-08
	10. V F CORP.	2011-01-28	2011-09-15
	16. FMC TECHNOLOGIES INC	2011-06-23	2011-09-16
	7. FMC TECHNOLOGIES INC	2011-06-23	2011-09-16
	12. FMC TECHNOLOGIES INC	2011-06-23	2011-09-16
	4. APPLE COMPUTER INC.	2008-10-07	2011-09-21
	34. ABB LTD SPON ADR	2009-09-25	2011-09-22
	4. ABB LTD SPON ADR	2009-09-25	2011-09-22
	40. ABB LTD SPON ADR	2009-09-25	2011-09-22
	3. INTUITIVE SURGICAL INC	2010-10-20	2011-09-22
	7. STERICYCLE INC	2011-08-03	2011-09-22
	54. GENPACT LIMITED	2010-06-03	2011-09-22
	2. STERICYCLE INC	2011-08-03	2011-09-23
	10. GENPACT LIMITED	2010-06-03	2011-09-23
	13. GENPACT LIMITED	2010-10-19	2011-09-23
	20. V F CORP.	2011-01-28	2011-09-30
	2. APPLE COMPUTER INC.	2008-10-07	2011-10-04
	2. APPLE COMPUTER INC.	2008-10-07	2011-10-06
	2. APPLE COMPUTER INC.	2008-10-07	2011-10-06
	3. APPLE COMPUTER INC.	2008-10-07	2011-10-10
	50. CISCO SYSTEMS	2008-10-01	2011-10-12
	10. WALGREEN CO.	2011-08-29	2011-10-12
	5. WALGREEN CO.	2010-11-30	2011-10-12
	55. CISCO SYSTEMS	2010-08-13	2011-10-19
	5. DIAMOND OFFSHORE DRILLING	2010-07-29	2011-10-19
	15. MCCORMICK & CO. INC. (NON-VOTING)	2010-05-28	2011-10-19
	10. WALGREEN CO.	2010-11-30	2011-10-19
	5. WALGREEN CO.	2010-10-05	2011-10-19
	20. CISCO SYSTEMS	2008-10-02	2011-10-20
	30. PEPSICO INC.	2011-06-22	2011-10-20
	40. WALGREEN CO.	2010-10-07	2011-10-20
	20. CISCO SYSTEMS	2008-07-15	2011-10-21
	10. CISCO SYSTEMS	2010-11-11	2011-10-21
	1. INTUITIVE SURGICAL INC	2010-10-20	2011-10-21
	4. INTUITIVE SURGICAL INC	2010-11-30	2011-10-21
	24. ACCENTURE PLC CL A	2008-01-08	2011-10-21
	35. DELL INC	2008-09-22	2011-10-27
	55. WALGREEN CO.	2010-10-07	2011-10-27
	114. ABB LTD SPON ADR	2009-09-25	2011-10-28
	10. CITRIX SYSTEMS INC	2011-08-03	2011-10-28
	15. CITRIX SYSTEMS INC	2008-07-21	2011-10-28
	12. CITRIX SYSTEMS INC	2011-08-03	2011-10-28
	17. COGNIZANT TECH SOLUTIONS CRP COM	2011-06-28	2011-10-28
	1. COGNIZANT TECH SOLUTIONS CRP COM	2008-10-22	2011-10-28
	3. INTUITIVE SURGICAL INC	2010-11-30	2011-10-28
	40. CISCO SYSTEMS	2011-06-23	2011-11-02
	55. CISCO SYSTEMS	2010-12-30	2011-11-02
	10. CISCO SYSTEMS	2009-03-30	2011-11-02
	40. AMERICAN EAGLE OUTFITTERS INC NEW COM	2010-12-22	2011-11-03
	10. AMERICAN EAGLE OUTFITTERS INC NEW COM	2011-05-26	2011-11-09
	25. AMERICAN EAGLE OUTFITTERS INC NEW COM	2010-12-22	2011-11-09
	25. CHUBB CORP.	2009-01-07	2011-11-10
	10. ACE LTD	2009-09-25	2011-11-10
	8. ANSYS INC	2010-12-31	2011-11-21
	24. ANSYS INC	2011-03-16	2011-11-21
	10. KOHLS CORP	2011-03-30	2011-11-21
	15. KOHLS CORP	2011-03-30	2011-11-29
	15. LOWES COS INC	2010-10-21	2011-11-29
	20. LOWES COS INC	2011-07-21	2011-11-29
	5. AMERICAN EAGLE OUTFITTERS INC NEW COM	2010-07-16	2011-11-30
	30. AMERICAN EAGLE OUTFITTERS INC NEW COM	2011-05-26	2011-11-30
	8. COVANCE INC	2009-10-30	2011-11-30
	11. COVANCE INC	2009-10-30	2011-12-01
	36. ABB LTD SPON ADR	2009-09-25	2011-12-02
	24. AMPHENOL CORP - CL A	2011-10-28	2011-12-02
	10. AMPHENOL CORP - CL A	2010-04-21	2011-12-02
	8. ANSYS INC	2011-03-15	2011-12-02
	12. ANSYS INC	2010-11-30	2011-12-02
	5. APPLE COMPUTER INC.	2008-10-07	2011-12-02
	2. CANADIAN NATURAL RESOURCES LTD	2009-05-04	2011-12-02
	37. CANADIAN NATURAL RESOURCES LTD	2011-06-23	2011-12-02
	17. CITRIX SYSTEMS INC	2008-07-24	2011-12-02
	3. COACH INC	2008-09-11	2011-12-02
	27. COACH INC	2011-08-19	2011-12-02
	20. COGNIZANT TECH SOLUTIONS CRP COM	2008-10-22	2011-12-02
	19. COSTCO WHOLESALE CORPORATION	2009-05-29	2011-12-02
	7. COVANCE INC	2009-10-30	2011-12-02
	27. COVANCE INC	2009-10-30	2011-12-02
	29. DANAHER CORP	2011-10-28	2011-12-02
	21. DAVITA INC	2011-10-21	2011-12-02
	20.99966 EXPRESS SCRIPTS INC-CL A	2011-04-05	2011-12-02
	5.00034 EXPRESS SCRIPTS INC-CL A	2011-04-05	2011-12-02
	24. FMC TECHNOLOGIES INC	2010-05-10	2011-12-02
	15. FMC TECHNOLOGIES INC	2011-06-23	2011-12-02
	33. FLUOR CORP NEW COM	2011-06-13	2011-12-02
	18. FOSSIL INC	2011-09-21	2011-12-02
	2. GOOGLE INC CL A	2010-04-26	2011-12-02
	2. GOOGLE INC CL A	2011-05-05	2011-12-02
	16. IDEXX LABORATORIES CORP	2008-10-21	2011-12-02
	4. INTUITIVE SURGICAL INC	2010-11-30	2011-12-02
	4. MASTERCARD INC	2008-09-25	2011-12-02
	22. MEAD JOHNSON NUTRITION CO	2010-12-07	2011-12-02
	51. NATIONAL INSTRS CORP	2011-05-03	2011-12-02
	38. NETAPP INC	2011-08-03	2011-12-02
	35. QUALCOMM CORP.	2009-09-04	2011-12-02
	19. ROPER INDUSTRIES INC NEW	2009-10-26	2011-12-02
	11. SALESFORCE COM INC	2011-09-22	2011-12-02
	10. SCHLUMBERGER LTD.	2011-10-31	2011-12-02
	15. SCHLUMBERGER LTD.	2011-06-23	2011-12-02
	10.00005 CHARLES SCHWAB CORP.	2008-05-13	2011-12-02
	75.99995 CHARLES SCHWAB CORP.	2008-05-13	2011-12-02
	18. STERICYCLE INC	2011-08-03	2011-12-02
	25. ACCENTURE PLC CL A	2008-01-08	2011-12-02
	61. GENPACT LIMITED	2010-10-19	2011-12-02
	12. CORE LABORATORIES N V	2011-09-16	2011-12-02
	39. FMC TECHNOLOGIES INC	2010-05-27	2011-12-12
	45. DIAMOND OFFSHORE DRILLING	2010-06-08	2011-12-16
	40. CA INC	2010-09-28	2011-12-21
	35. KOHLS CORP	2011-08-19	2011-12-22
	24. MEAD JOHNSON NUTRITION CO	2010-12-31	2011-12-22
	35. MEAD JOHNSON NUTRITION CO	2010-12-07	2011-12-22

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	11		11
b	2,915	1,485	1,430
c	862	528	334
d	334	170	164
e	412	264	148
	495	255	240
	467	331	136
	1,166	821	345
	77	54	23
	829	692	137
	2,293	1,328	965
	829	691	138
	1,942	1,532	410
	1,502	606	896
	864	816	48
	754	691	63
	288	142	146
	573	544	29
	285	142	143
	2,661	2,186	475
	284	141	143
	2,303	1,153	1,150
	765	359	406
	952	322	630
	1,509	1,694	-185
	298	354	-56
	689	589	100
	579	518	61
	1,120	1,223	-103
	899	570	329
	587	280	307
	1,337	793	544
	576	278	298
	561	278	283
	814	660	154
	3,838	2,769	1,069
	1,619	1,107	512
	2,281	1,560	721
	3,631	2,566	1,065
	5,214	3,348	1,866
	1,213	801	412
	152	109	43
	1,624	1,496	128
	811	333	478
	382	352	30
	382	291	91
	2,017	986	1,031
	1,285	1,110	175
	1,353	477	876
	1,451	513	938
	394	167	227
	4,117	1,454	2,663
	2,828	965	1,863
	1,190	980	210
	2,025	834	1,191
	303	249	54
	101	85	16
	649	644	5
	1,653	1,576	77
	356	267	89
	2,489	2,075	414
	789	645	144
	1,578	1,360	218
	1,142	985	157
	1,249	1,005	244
	910	727	183
	957	631	326
	1,152	746	406
	12		12
	2,989	977	2,012
	652	210	442
	1,199	405	794
	496	392	104
	850	640	210
	303	139	164
	1,433	505	928
	2,002	1,736	266
	572	458	114
	2,002	1,702	300
	381	370	11
	1,360	1,378	-18
	3,497	965	2,532
	1,579	1,852	-273
	1,972	1,151	821
	2,228	783	1,445
	1,245	1,087	158
	355	311	44
	2,488	1,326	1,162
	2,096	487	1,609
	887	528	359
	2,173	1,297	876
	2,489	2,201	288
	821	646	175
	1,203	853	350
	2,038	1,929	109
	2,554	2,511	43
	2,152	1,735	417
	2,530	2,692	-162
	2,029	1,266	763
	1,050	771	279
	1,400	1,066	334
	1,663	1,179	484
	554	430	124
	1,271	1,191	80
	937	883	54
	1,517	1,541	-24
	366	155	211
	2,782	2,268	514
	2,379	1,454	925
	1,313	277	1,036
	1,672	622	1,050
	502	344	158
	305	380	-75
	1,796	2,243	-447
	2,147	1,305	842
	1,992	643	1,349
	2,029	2,329	-300
	2,363	1,505	858
	1,420	1,644	-224
	5,000	3,915	1,085
	5,000	4,415	585
	5,000	3,860	1,140
	482	220	262
	1,626	741	885
	906	317	589
	985	778	207
	635	533	102
	568	280	288
	1,456	1,197	259
	919	681	238
	924	677	247
	1,335	982	353
	1,631	1,389	242
	12		12
	2,795	1,803	992
	2,016	1,521	495
	1,102	675	427
	1,173	644	529
	11		11
	1,076	561	515
	275	139	136
	334	266	68
	668	526	142
	214	182	32
	1,071	975	96
	487	392	95
	675	633	42
	978	623	355
	609	380	229
	167	121	46
	83	79	4
	417	303	114
	82	52	30
	513	325	188
	567	278	289
	2,987	1,361	1,626
	2,206	1,295	911
	336	263	73
	1,074	981	93
	818	713	105
	1,960	1,539	421
	1,869	2,463	-594
	862	931	-69
	1,206	1,436	-230
	1,981	1,756	225
	456	404	52
	1,546	380	1,166
	1,172	283	889
	1,209	1,670	-461
	2,353	2,255	98
	2,376	2,151	225
	838	898	-60
	3,821	5,213	-1,392
	522	564	-42
	269	345	-76
	2,459	3,080	-621
	806	1,041	-235
	1,612	1,711	-99
	468	478	-10
	1,060	1,155	-95
	979	1,678	-699
	1,281	1,967	-686
	531	760	-229
	487	755	-268
	1,550	982	568
	380	468	-88
	475	527	-52
	2,484	3,827	-1,343
	1,087	1,003	84
	2,844	4,367	-1,523
	569	769	-200
	2,644	3,591	-947
	2,202	3,083	-881
	259	359	-100
	669	859	-190
	2,574	3,376	-802
	316	423	-107
	1,141	1,512	-371
	1,538	1,918	-380
	12,513	15,000	-2,487
	689	562	127
	961	768	193
	641	339	302
	627	339	288
	474	331	143
	1,239	827	412
	691	644	47
	302	282	20
	518	483	35
	1,675	378	1,297
	567	686	-119
	67	81	-14
	667	807	-140
	1,089	771	318
	550	570	-20
	808	960	-152
	158	163	-5
	147	174	-27
	192	226	-34
	2,472	1,646	826
	716	189	527
	765	189	576
	749	189	560
	1,154	283	871
	862	1,130	-268
	334	349	-15
	167	174	-7
	952	1,184	-232
	299	298	1
	730	580	150
	337	349	-12
	168	171	-3
	341	426	-85
	1,860	2,028	-168
	1,346	1,360	-14
	349	426	-77
	174	208	-34
	415	257	158
	1,658	1,022	636
	1,385	834	551
	562	602	-40
	1,858	1,836	22
	2,270	2,297	-27
	737	701	36
	1,093	418	675
	875	834	41
	1,282	1,240	42
	75	18	57
	1,314	767	547
	707	607	100
	972	1,116	-144
	177	162	15
	560	622	-62
	136	132	4
	340	361	-21
	1,673	1,200	473
	703	511	192
	461	423	38
	1,383	1,244	139
	536	528	8
	790	793	-3
	364	333	31
	485	463	22
	70	60	10
	419	395	24
	367	417	-50
	501	568	-67
	670	723	-53
	1,080	1,177	-97
	450	473	-23
	484	411	73
	725	580	145
	1,953	472	1,481
	74	50	24
	1,374	1,467	-93
	1,205	461	744
	189	91	98
	1,705	1,298	407
	1,366	358	1,008
	1,653	912	741
	318	362	-44
	1,219	1,355	-136
	1,382	1,470	-88
	1,618	1,438	180
	971	1,192	-221
	231	285	-54
	1,280	763	517
	800	604	196
	1,786	2,194	-408
	1,611	1,771	-160
	1,241	1,067	174
	1,241	1,071	170
	1,176	673	503
	1,768	548	1,220
	1,517	786	731
	1,651	1,380	271
	1,340	1,541	-201
	1,382	1,865	-483
	1,905	1,614	291
	1,613	906	707
	1,309	1,286	23
	754	741	13
	1,130	1,242	-112
	118	231	-113
	896	1,760	-864
	1,436	1,465	-29
	1,458	867	591
	930	1,059	-129
	1,411	1,277	134
	1,938	1,106	832
	2,429	2,525	-96
	794	784	10
	1,728	1,812	-84
	1,525	1,495	30
	2,225	2,175	50

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			11
b			1,430
c			334
d			164
e			148
			240
			136
			345
			23
			137
			965
			138
			410
			896
			48
			63
			146
			29
			143
			475
			143
			1,150
			406
			630
			-185
			-56
			100
			61
			-103
			329
			307
			544
			298
			283
			154
			1,069
			512
			721
			1,065
			1,866
			412
			43
			128
			478
			30
			91
			1,031
			175
			876
			938
			227
			2,663
			1,863
			210
			1,191
			54
			16
			5
			77
			89
			414
			144
			218
			157
			244
			183
			326
			406
			12
			2,012
			442
			794
			104
			210
			164
			928
			266
			114
			300
			11
			-18
			2,532
			-273
			821
			1,445
			158
			44
			1,162
			1,609
			359
			876
			288
			175
			350
			109
			43
			417
			-162
			763
			279
			334
			484
			124
			80
			54
			-24
			211
			514
			925
			1,036
			1,050
			158
			-75
			-447
			842
			1,349
			-300
			858
			-224
			1,085
			585
			1,140
			262
			885
			589
			207
			102
			288
			259
			238
			247
			353
			242
			12
			992
			495
			427
			529
			11
			515
			136
			68
			142
			32
			96
			95
			42
			355
			229
			46
			4
			114
			30
			188
			289
			1,626
			911
			73
			93
			105
			421
			-594
			-69
			-230
			225
			52
			1,166
			889
			-461
			98
			225
			-60
			-1,392
			-42
			-76
			-621
			-235
			-99
			-10
			-95
			-699
			-686
			-229
			-268
			568
			-88
			-52
			-1,343
			84
			-1,523
			-200
			-947
			-881
			-100
			-190
			-802
			-107
			-371
			-380
			-2,487
			127
			193
			302
			288
			143
			412
			47
			20
			35
			1,297
			-119
			-14
			-140
			318
			-20
			-152
			-5
			-27
			-34
			826
			527
			576
			560
			871
			-268
			-15
			-7
			-232
			1
			150
			-12
			-3
			-85
			-168
			-14
			-77
			-34
			158
			636
			551
			-40
			22
			-27
			36
			675
			41
			42
			57
			547
			100
			-144
			15
			-62
			4
			-21
			473
			192
			38
			139
			8
			-3
			31
			22
			10
			24
			-50
			-67
			-53
			-97
			-23
			73
			145
			1,481
			24
			-93
			744
			98
			407
			1,008
			741
			-44
			-136
			-88
			180
			-221
			-54
			517
			196
			-408
			-160
			174
			170
			503
			1,220
			731
			271
			-201
			-483
			291
			707
			23
			13
			-112
			-113
			-864
			-29
			591
			-129
			134
			832
			-96
			10
			-84
			30
			50

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	81,575
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

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	51,000	1,190,060	0.042855
2009	55,633	1,019,016	0.054595
2008	64,835	1,282,910	0.050537
2007	73,152	1,511,984	0.048381
2006	68,540	1,408,911	0.048648

2	Total of line 1, column (d) ......................	2	0.245016
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	0.049003
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	1,318,041
5	Multiply line 4 by line 3.......................	5	64,588
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	878
7	Add lines 5 and 6.........................	7	65,466
8	Enter qualifying distributions from Part XII, line 4..............	8	59,022
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	1,756
	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	0
3	Add lines 1 and 2............................	3	1,756
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,756
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	2,643
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,643
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	9
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	878
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax878	Refunded	11	0

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

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5484

Located at bullet

901 S BOND STBALTIMOREMD ZIP+4 bullet

21231

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
BROWN INVESTMENT ADVISORY	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 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...................				0

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


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

1,300,941

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

37,172

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

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

1,338,113

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

1,338,113

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

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

20,072

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

1,318,041

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

65,902

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

65,902

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

1,756

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

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

1,756

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

64,146

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

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

64,146

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

64,146

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 ..........

59,022

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

59,022

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

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

59,022

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)

		(a) Corpus	(b) Years prior to 2010	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7					64,146
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				59,022
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2011 from Part
XII, line 4: $ 59,022
a Applied to 2010, but not more than line 2a				59,022
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2011 distributable amount.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		0			0
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					64,146
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) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

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).)

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
VIRGINIA TECH FOUNDATION MARION DUPONT SCOTT EQUINE MED CTR PO BOX 1938 LEESBURG,VA20177	N/A	PUBLIC CHARITY	GENERAL	59,022
Total ................................. 3a				59,022

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	17,202
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	81,575
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)..				98,777

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

1398,777

(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

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCKS	375,080	496,111
EQUITY MUTUAL FUNDS	371,417	374,888
FOREIGN STOCKS	67,312	86,830

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN	10,580	10,580
OTHER NONALLOCABLE EXPENSES -	8	8

Category	Amount	Net Investment Income
FOREIGN TAXES	149	149
FEDERAL EXCISE TAX	264	0
FOREIGN TAXES ON QUALIFIED FOR	209	209