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 07-01-2011 , and ending 06-30-2012
G
Check all that apply:
Name of foundation
THE STEVEN E BERNSTEIN FAMILY
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 810664   Room/suite
City or town, state, and ZIP code
BOCA RATON, FL334810664
A Employer identification number

20-5120272
B Telephone number (see page 10 of the instructions)

(954) 983-6500
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$2,662,743J 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 1,876 1,876  
4 Dividends and interest from securities...... 16,657 16,657  
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 85,569
b Gross sales price for all assets on line 6a 1,790,115
7 Capital gain net income (from Part IV, line 2)... 3,211
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 104,102 21,744  
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)....... Click to see attachment 6,056 6,056    
c Other professional fees (attach schedule).... Click to see attachment 4,035 4,035    
17 Interest............... 64 64    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 364 364    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,519 10,519   0
25 Contributions, gifts, grants paid........ 243,500 243,500
26 Total expenses and disbursements. Add lines 24 and 25 254,019 10,519   243,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -149,917
b Net investment income (if negative, enter -0-) 11,225
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...............   1,000 1,000
2 Savings and temporary cash investments.......... 16,006 432,532 432,532
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 1,043 790 790
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,241,576 Click to see attachment797,548 2,198,350
c Investments—corporate bonds (attach schedule)........ 153,162    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment30,000 30,071
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) 1,411,787 1,261,870 2,662,743
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 1,411,787 1,261,870
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,411,787 1,261,870
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,411,787 1,261,870
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 1,411,787
2 Enter amount from Part I, line 27a..................... 2 -149,917
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,261,870
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,261,870
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.)
1a
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
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
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 3,211
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 131,164 2,445,789 0.053629
2009 167,100 2,681,367 0.062319
2008 152,385 2,398,449 0.063535
2007 144,921 3,022,634 0.047945
2006 41,000 1,259,651 0.032549
2 Total of line 1, column (d) ...................... 2 0.259977
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 0.051995
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 2,468,970
5 Multiply line 4 by line 3....................... 5 128,374
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 112
7 Add lines 5 and 6......................... 7 128,486
8 Enter qualifying distributions from Part XII, line 4.............. 8 243,500
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 1 112
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............................ 3 112
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- ..... 5 112
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 902
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 902
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 10 790
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet790 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
     
     
    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)bulletFL
    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
     
     
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHERMAN MOSKOWITZCPA PA Telephone no.bullet (954) 983-6500
    Located atbullet3850 HOLLYWOOD BLVD SUITE 204HOLLYWOODFL ZIP+4bullet33021
    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
     
     
    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
     
     
    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
     
     
    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
    STEVEN E BERNSTEINClick to see attachment PRESIDENT
    5.00     		0 0 0
    POBOX 810664
    BOCA RATON,FL33481
    ABBY BERNSTEINClick to see attachment DIRECTOR
    1.00     		0 0 0
    POBOX 810664
    BOCA RATON,FL33481
    HERMAN MOSKOWITZClick to see attachment DIRECTOR
    1.00     		0 0 0
    3850 HOLLYWOOD BLVD SUITE 204
    HOLLYWOOD,FL33021
    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
    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)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    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
    2,036,097
    b
    Average of monthly cash balances.......................
    1b
    446,446
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    24,026
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,506,569
    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
    2,506,569
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    37,599
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,468,970
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    123,449
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    123,449
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    112
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    112
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    123,337
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    123,337
    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
    123,337
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    243,500
    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
    243,500
    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
    112
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    243,388
    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 7 123,337
    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....... 14,385
    c From 2008....... 33,470
    d From 2009....... 33,287
    e From 2010....... 9,547
    fTotal of lines 3a through e......... 90,689
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 243,500
    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..... 123,337
    e Remaining amount distributed out of corpus 120,163
    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 5 210,852
    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 ......     		210,852
    10 Analysis of line 9:
    a Excess from 2007.... 14,385
    b Excess from 2008.... 33,470
    c Excess from 2009.... 33,287
    d Excess from 2010.... 9,547
    e Excess from 2011.... 120,163
    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).)
    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
    CATHERINE'S HOPE FOR A CU
    566 NW 7TH AVENUE
    BOCA RATON,FL33486     		  PUBLIC GENERAL 5,000
    HOME SAFE
    2840 SIXTH AVE
    LAKE WORTH,FL33461     		  PUBLIC GENERAL 89,000
    LIGHT ONE LITTLE CANDLE
    PO BOX 1483
    PORT WASHINGTON,NY11050     		  PUBLIC GENERAL 6,000
    LOVE THY NEIGHBOUR
    1 NW 33RD TERRACE
    FT LAUDERDALE,FL33311     		  PUBLIC GENERAL 20,000
    ANGEL FLIGHT
    8864 AIRPORT BLVD
    LEESBURG,FL34788     		  PUBLIC GENERAL 10,000
    BEST FOOD FORWARD
    21441 BOCA RIO ROAD
    BOCA RATON,FL33433     		  PUBLIC GENERAL 10,000
    CALVARY CHURCH
    2401 WEST CYPRESS CREEK
    FT LAUDERDALE,FL33309     		  PUBLIC GENERAL 100,000
    GLOBAL HERITAGE FUND
    625 EMERSON STREE
    SUITE 200
    PALO ALTO,CA94301     		  PUBLIC GENERAL 1,000
    LIVESTRONG
    2201 EAST SIXTH STREET
    AUSTIN,TX78702     		  PUBLIC GENERAL 1,000
    PLAY FOR PINK
    60 EAST 56TH STREET
    NEW YORK,NY10022     		  PUBLIC GENERAL 500
    SPECIAL OLYMPICC CHICAGO
    1644 NHONORE2ND FLOOR
    CHICAGO,IL60622     		  PUBLIC GENERAL 1,000
    Total .................................bullet 3a 243,500
    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 1,876  
    4 Dividends and interest from securities....     14 16,657  
    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 3,211 82,358
    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)..   21,744 82,358
    13Total. Add line 12, columns (b), (d), and (e)..................
    13104,102
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,056 6,056    

    TY 2011 CompensationExplanation
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Person Name Explanation
    STEVEN E BERNSTEIN  
    ABBY BERNSTEIN  
    HERMAN MOSKOWITZ  

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CFI COMM LINKED NT ON BSKT 8/8/13 2011-08 PURCHASE 2011-12   124,250 140,958     -16,708  
    HK DOLLAR DEPOSIT 2012-01 PURCHASE 2012-05   1,447 1,447        
    NO KRONE DEPOSIT 2012-01 PURCHASE 2012-05   20 20        
    EATON VANCE RISK-MGD EQTY OPT INC FD 2011-02 PURCHASE 2011-08   1,777 1,900     -123  
    EATON VANCE RISK-MGD EQTY OPT INC FD 2011-05 PURCHASE 2011-08   28 29     -1  
    HIGHLAND LONG/SHORT EQUITY FD CL C 2010-12 PURCHASE 2011-09   2,125 2,237     -112  
    HIGHLAND LONG/SHORT EQUITY FD CL C 2011-03 PURCHASE 2011-09   658 679     -21  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2010-12 PURCHASE 2011-11   976 963     13  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2011-03 PURCHASE 2011-11   355 351     4  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2011-06 PURCHASE 2011-11   518 514     4  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2011-09 PURCHASE 2011-11   438 424     14  
    EATON VANCE FLOATING RATE FD CL A 2011-02 PURCHASE 2011-11   118,288 122,782     -4,494  
    EATON VANCE FLOATING RATE FD CL A 2011-03 PURCHASE 2011-11   58 60     -2  
    EATON VANCE FLOATING RATE FD CL A 2011-04 PURCHASE 2011-11   365 377     -12  
    EATON VANCE FLOATING RATE FD CL A 2011-05 PURCHASE 2011-11   351 364     -13  
    EATON VANCE FLOATING RATE FD CL A 2011-06 PURCHASE 2011-11   365 379     -14  
    EATON VANCE FLOATING RATE FD CL A 2011-07 PURCHASE 2011-11   368 379     -11  
    EATON VANCE FLOATING RATE FD CL A 2011-08 PURCHASE 2011-11   389 400     -11  
    EATON VANCE FLOATING RATE FD CL A 2011-08 PURCHASE 2011-11   1,826 1,803     23  
    EATON VANCE FLOATING RATE FD CL A 2011-09 PURCHASE 2011-11   424 418     6  
    EATON VANCE FLOATING RATE FD CL A 2011-10 PURCHASE 2011-11   415 409     6  
    EATON VANCE FLOATING RATE FD CL A 2011-11 PURCHASE 2011-11   435 440     -5  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-12 PURCHASE 2011-11   450 464     -14  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-01 PURCHASE 2011-11   469 481     -12  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-02 PURCHASE 2011-11   473 483     -10  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-03 PURCHASE 2011-11   429 438     -9  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-04 PURCHASE 2011-11   419 426     -7  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-05 PURCHASE 2011-11   404 414     -10  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-06 PURCHASE 2011-11   368 376     -8  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-07 PURCHASE 2011-11   359 365     -6  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-08 PURCHASE 2011-11   372 378     -6  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-09 PURCHASE 2011-11   375 379     -4  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-10 PURCHASE 2011-11   374 368     6  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2011-11 PURCHASE 2011-11   384 381     3  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2010-12 PURCHASE 2011-11   344 352     -8  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2011-07 PURCHASE 2011-11   273 296     -23  
    OPPENHEIMER INT'L BOND FUND CL A 2010-12 PURCHASE 2011-11   169 172     -3  
    OPPENHEIMER INT'L BOND FUND CL A 2010-12 PURCHASE 2011-11   476 489     -13  
    OPPENHEIMER INT'L BOND FUND CL A 2010-12 PURCHASE 2011-11   196 202     -6  
    OPPENHEIMER INT'L BOND FUND CL A 2011-02 PURCHASE 2011-11   171 174     -3  
    OPPENHEIMER INT'L BOND FUND CL A 2011-03 PURCHASE 2011-11   151 154     -3  
    OPPENHEIMER INT'L BOND FUND CL A 2011-04 PURCHASE 2011-11   131 135     -4  
    OPPENHEIMER INT'L BOND FUND CL A 2011-05 PURCHASE 2011-11   131 140     -9  
    OPPENHEIMER INT'L BOND FUND CL A 2011-06 PURCHASE 2011-11   126 134     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2011-07 PURCHASE 2011-11   128 136     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2011-08 PURCHASE 2011-11   131 141     -10  
    OPPENHEIMER INT'L BOND FUND CL A 2011-09 PURCHASE 2011-11   122 130     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2011-10 PURCHASE 2011-11   143 142     1  
    OPPENHEIMER INT'L BOND FUND CL A 2011-11 PURCHASE 2011-11   128 131     -3  
    FIRST EAGLE OVERSEAS FUND CL C 2010-12 PURCHASE 2011-11   245 252     -7  
    FIRST EAGLE OVERSEAS FUND CL C 2010-12 PURCHASE 2011-11   212 218     -6  
    NEW WORLD FUND CL A 2010-12 PURCHASE 2011-11   66 75     -9  
    MUTUAL GLOBAL DISCOVERY FD CL C 2010-12 PURCHASE 2011-11   1,319 1,423     -104  
    MUTUAL GLOBAL DISCOVERY FD CL C 2011-09 PURCHASE 2011-11   17 16     1  
    MUTUAL GLOBAL DISCOVERY FD CL C 2011-09 PURCHASE 2011-11   2,616 2,562     54  
    MUTUAL GLOBAL DISCOVERY FD CL C 2011-09 PURCHASE 2011-11   861 844     17  
    IVY FUNDS INC LGE CAP GRO CL A 2010-12 PURCHASE 2011-11   42 41     1  
    NEW WORLD FUND CL C 2010-12 PURCHASE 2011-11   24 27     -3  
    IVY ASSET STRATEGIC FUND CL A 2010-12 PURCHASE 2011-11   50 51     -1  
    PIMCO ALL ASSET ALL AUTHORITY FD CL 2011-09 PURCHASE 2011-11   49,035 50,000     -965  
    PIMCO ALL ASSET ALL AUTHORITY FD CL 2011-09 PURCHASE 2011-11   431 437     -6  
    TEMPLETON GLOBAL BD FUND CL C 2010-11 PURCHASE 2011-11   270 287     -17  
    TEMPLETON GLOBAL BD FUND CL C 2010-12 PURCHASE 2011-11   1,071 1,123     -52  
    TEMPLETON GLOBAL BD FUND CL C 2011-01 PURCHASE 2011-11   275 291     -16  
    TEMPLETON GLOBAL BD FUND CL C 2011-02 PURCHASE 2011-11   279 295     -16  
    TEMPLETON GLOBAL BD FUND CL C 2011-03 PURCHASE 2011-11   248 260     -12  
    TEMPLETON GLOBAL BD FUND CL C 2011-04 PURCHASE 2011-11   240 261     -21  
    TEMPLETON GLOBAL BD FUND CL C 2011-05 PURCHASE 2011-11   242 261     -19  
    TEMPLETON GLOBAL BD FUND CL C 2011-06 PURCHASE 2011-11   243 262     -19  
    TEMPLETON GLOBAL BD FUND CL C 2011-07 PURCHASE 2011-11   242 263     -21  
    TEMPLETON GLOBAL BD FUND CL C 2011-08 PURCHASE 2011-11   246 264     -18  
    TEMPLETON GLOBAL BD FUND CL C 2011-09 PURCHASE 2011-11   255 265     -10  
    TEMPLETON GLOBAL BD FUND CL C 2011-10 PURCHASE 2011-11   263 2,667     -2,404  
    THORNBURG INT'L VALUE FUND CL A 2010-12 PURCHASE 2011-11   1 1        
    THORNBURG INT'L VALUE FUND CL A 2011-03 PURCHASE 2011-11   9 10     -1  
    THORNBURG INT'L VALUE FUND CL A 2011-06 PURCHASE 2011-11   57 65     -8  
    THORNBURG INT'L VALUE FUND CL A 2011-09 PURCHASE 2011-11   35 33     2  
    THORNBURG INVEST INC BUILDER FD CL A 2010-12 PURCHASE 2011-11   1 1        
    THORNBURG INVEST INC BUILDER FD CL A 2011-03 PURCHASE 2011-11   1 1        
    THORNBURG INVEST INC BUILDER FD CL A 2011-06 PURCHASE 2011-11   1 1        
    THORNBURG INVEST INC BUILDER FD CL A 2011-09 PURCHASE 2011-11   1 1        
    PIONEER MULTI ASSET REAL RET FD CL C 2011-09 PURCHASE 2011-11   49,730 50,000     -270  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-12 PURCHASE 2011-11   392 398     -6  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-12 PURCHASE 2011-11   147 150     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-01 PURCHASE 2011-11   351 360     -9  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-02 PURCHASE 2011-11   258 267     -9  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-03 PURCHASE 2011-11   244 254     -10  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-04 PURCHASE 2011-11   232 241     -9  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-05 PURCHASE 2011-11   168 175     -7  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-06 PURCHASE 2011-11   179 186     -7  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-07 PURCHASE 2011-11   159 164     -5  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-08 PURCHASE 2011-11   192 197     -5  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-09 PURCHASE 2011-11   164 165     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-10 PURCHASE 2011-11   168 165     3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2011-11 PURCHASE 2011-11   241 242     -1  
    CFI COMM LINKED NT ON BSKT 8/8/13 2011-08 PURCHASE 2011-11   140,650 140,650        
    JPMORGAN CHASE PLUS ON A CRCY 2011-02 PURCHASE 2011-11   50,000 50,000        
    SBA COMMUNICATIONS INC 2007-01 PURCHASE 2011-11              
    JPMORGAN CHASE PLUS ON A CRCY 2011-02 PURCHASE 2012-03   48,404 50,000     -1,596  
    SEK 2 YEAR 90% PRIN PROT GOLD LINKED 2009-07 PURCHASE 2011-07   140,000 104,057     35,943  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-06 PURCHASE 2011-08   35,000 31,945     3,055  
    HIGHLAND LONG/SHORT EQUITY FD CL C 2010-02 PURCHASE 2011-09   101,367 100,000     1,367  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-06 PURCHASE 2011-11   66,086 59,138     6,948  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-06 PURCHASE 2011-11   167,015 150,000     17,015  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-06 PURCHASE 2011-11   732 650     82  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-09 PURCHASE 2011-11   574 535     39  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2009-12 PURCHASE 2011-11   481 457     24  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2010-06 PURCHASE 2011-11   95 90     5  
    CALAMOS MARKET NEUTRAL INCOME FUND C 2010-09 PURCHASE 2011-11   619 593     26  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-04 PURCHASE 2011-11   72,252 74,782     -2,530  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-05 PURCHASE 2011-11   98 101     -3  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-05 PURCHASE 2011-11   46,165 49,855     -3,690  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-06 PURCHASE 2011-11   255 264     -9  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-06 PURCHASE 2011-11   107 111     -4  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-07 PURCHASE 2011-11   80 83     -3  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-07 PURCHASE 2011-11   359 373     -14  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-08 PURCHASE 2011-11   458 472     -14  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-08 PURCHASE 2011-11              
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-09 PURCHASE 2011-11   459 474     -15  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-10 PURCHASE 2011-11   445 461     -16  
    EATON VANCE GLOBAL MACRO ABS FD CL A 2010-11 PURCHASE 2011-11   464 478     -14  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2007-12 PURCHASE 2011-11   14 15     -1  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2008-07 PURCHASE 2011-11   284 288     -4  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2008-12 PURCHASE 2011-11   4,023 3,103     920  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2009-07 PURCHASE 2011-11   8 7     1  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2009-07 PURCHASE 2011-11   53,553 47,364     6,189  
    BLACKROCK GLOBAL ALLOCATION FD CL C 2009-12 PURCHASE 2011-11   623 592     31  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   20,448 20,609     -161  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   575 578     -3  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   1,613 1,621     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   394 395     -1  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   246 246        
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   532 534     -2  
    OPPENHEIMER INT'L BOND FUND CL A 2007-12 PURCHASE 2011-11   320 321     -1  
    OPPENHEIMER INT'L BOND FUND CL A 2008-02 PURCHASE 2011-11   239 247     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2008-02 PURCHASE 2011-11   285 295     -10  
    OPPENHEIMER INT'L BOND FUND CL A 2008-03 PURCHASE 2011-11              
    OPPENHEIMER INT'L BOND FUND CL A 2008-03 PURCHASE 2011-11   519 546     -27  
    OPPENHEIMER INT'L BOND FUND CL A 2008-04 PURCHASE 2011-11   505 537     -32  
    OPPENHEIMER INT'L BOND FUND CL A 2008-05 PURCHASE 2011-11   537 561     -24  
    OPPENHEIMER INT'L BOND FUND CL A 2008-06 PURCHASE 2011-11   595 613     -18  
    OPPENHEIMER INT'L BOND FUND CL A 2008-07 PURCHASE 2011-11   549 559     -10  
    OPPENHEIMER INT'L BOND FUND CL A 2008-08 PURCHASE 2011-11   587 599     -12  
    OPPENHEIMER INT'L BOND FUND CL A 2008-09 PURCHASE 2011-11   602 598     4  
    OPPENHEIMER INT'L BOND FUND CL A 2008-10 PURCHASE 2011-11   567 532     35  
    OPPENHEIMER INT'L BOND FUND CL A 2008-11 PURCHASE 2011-11   669 584     85  
    OPPENHEIMER INT'L BOND FUND CL A 2008-12 PURCHASE 2011-11   490 439     51  
    OPPENHEIMER INT'L BOND FUND CL A 2008-12 PURCHASE 2011-11   2,818 2,627     191  
    OPPENHEIMER INT'L BOND FUND CL A 2008-12 PURCHASE 2011-11   520 484     36  
    OPPENHEIMER INT'L BOND FUND CL A 2008-12 PURCHASE 2011-11   542 506     36  
    OPPENHEIMER INT'L BOND FUND CL A 2009-02 PURCHASE 2011-11   309 277     32  
    OPPENHEIMER INT'L BOND FUND CL A 2009-03 PURCHASE 2011-11   334 287     47  
    OPPENHEIMER INT'L BOND FUND CL A 2009-04 PURCHASE 2011-11   503 444     59  
    OPPENHEIMER INT'L BOND FUND CL A 2009-05 PURCHASE 2011-11   519 468     51  
    OPPENHEIMER INT'L BOND FUND CL A 2009-06 PURCHASE 2011-11   479 457     22  
    OPPENHEIMER INT'L BOND FUND CL A 2009-07 PURCHASE 2011-11   498 475     23  
    OPPENHEIMER INT'L BOND FUND CL A 2009-08 PURCHASE 2011-11   164 161     3  
    OPPENHEIMER INT'L BOND FUND CL A 2009-09 PURCHASE 2011-11   148 147     1  
    OPPENHEIMER INT'L BOND FUND CL A 2009-10 PURCHASE 2011-11   145 149     -4  
    OPPENHEIMER INT'L BOND FUND CL A 2009-11 PURCHASE 2011-11   159 163     -4  
    OPPENHEIMER INT'L BOND FUND CL A 2009-12 PURCHASE 2011-11   137 145     -8  
    OPPENHEIMER INT'L BOND FUND CL A 2009-12 PURCHASE 2011-11   149 149        
    OPPENHEIMER INT'L BOND FUND CL A 2010-01 PURCHASE 2011-11   346 348     -2  
    OPPENHEIMER INT'L BOND FUND CL A 2010-01 PURCHASE 2011-11   10 10        
    OPPENHEIMER INT'L BOND FUND CL A 2010-02 PURCHASE 2011-11   158 158        
    OPPENHEIMER INT'L BOND FUND CL A 2010-03 PURCHASE 2011-11   148 149     -1  
    OPPENHEIMER INT'L BOND FUND CL A 2010-04 PURCHASE 2011-11   174 176     -2  
    OPPENHEIMER INT'L BOND FUND CL A 2010-05 PURCHASE 2011-11   184 186     -2  
    OPPENHEIMER INT'L BOND FUND CL A 2010-06 PURCHASE 2011-11   172 166     6  
    OPPENHEIMER INT'L BOND FUND CL A 2010-07 PURCHASE 2011-11   171 167     4  
    OPPENHEIMER INT'L BOND FUND CL A 2010-08 PURCHASE 2011-11   160 163     -3  
    OPPENHEIMER INT'L BOND FUND CL A 2010-09 PURCHASE 2011-11   172 177     -5  
    OPPENHEIMER INT'L BOND FUND CL A 2010-10 PURCHASE 2011-11   157 169     -12  
    OPPENHEIMER INT'L BOND FUND CL A 2010-11 PURCHASE 2011-11   172 187     -15  
    FIRST EAGLE OVERSEAS FUND CL C 2003-03 PURCHASE 2011-11   22,352 13,636     8,716  
    FIRST EAGLE OVERSEAS FUND CL C 2007-12 PURCHASE 2011-11   10 11     -1  
    FIRST EAGLE OVERSEAS FUND CL C 2008-12 PURCHASE 2011-11   68 52     16  
    FIRST EAGLE OVERSEAS FUND CL C 2008-12 PURCHASE 2011-11   2,231 1,713     518  
    FIRST EAGLE OVERSEAS FUND CL C 2009-12 PURCHASE 2011-11   624 571     53  
    NEW WORLD FUND CL A 2003-10 PURCHASE 2011-11   1,741 924     817  
    NEW WORLD FUND CL A 2006-12 PURCHASE 2011-11   341 340     1  
    NEW WORLD FUND CL A 2006-12 PURCHASE 2011-11   89 89        
    NEW WORLD FUND CL A 2006-12 PURCHASE 2011-11   744 743     1  
    NEW WORLD FUND CL A 2007-12 PURCHASE 2011-11   373 470     -97  
    NEW WORLD FUND CL A 2007-12 PURCHASE 2011-11   92 116     -24  
    NEW WORLD FUND CL A 2007-12 PURCHASE 2011-11   1,103 1,387     -284  
    NEW WORLD FUND CL A 2008-12 PURCHASE 2011-11   74 47     27  
    NEW WORLD FUND CL A 2009-12 PURCHASE 2011-11   56 54     2  
    IVY GLOBAL NATURAL RESOURCES FUND CL 2009-07 PURCHASE 2011-11   3,229 2,776     453  
    MUTUAL GLOBAL DISCOVERY FD CL C 2009-06 PURCHASE 2011-11   111,876 100,000     11,876  
    MUTUAL GLOBAL DISCOVERY FD CL C 2009-06 PURCHASE 2011-11   22,263 20,000     2,263  
    MUTUAL GLOBAL DISCOVERY FD CL C 2009-09 PURCHASE 2011-11   42 39     3  
    MUTUAL GLOBAL DISCOVERY FD CL C 2009-12 PURCHASE 2011-11   351 345     6  
    MUTUAL GLOBAL DISCOVERY FD CL C 2010-09 PURCHASE 2011-11   36 37     -1  
    IVY FUNDS INC LGE CAP GRO CL A 2009-06 PURCHASE 2011-11   39,006 28,536     10,470  
    IVY FUNDS INC LGE CAP GRO CL A 2009-12 PURCHASE 2011-11   166 140     26  
    NEW WORLD FUND CL C 2007-05 PURCHASE 2011-11   1,869 2,129     -260  
    NEW WORLD FUND CL C 2007-12 PURCHASE 2011-11   166 210     -44  
    NEW WORLD FUND CL C 2007-12 PURCHASE 2011-11   61 77     -16  
    NEW WORLD FUND CL C 2007-12 PURCHASE 2011-11   728 921     -193  
    NEW WORLD FUND CL C 2008-12 PURCHASE 2011-11   9 6     3  
    NEW WORLD FUND CL C 2009-12 PURCHASE 2011-11   21 21        
    IVY ASSET STRATEGIC FUND CL A 2008-07 PURCHASE 2011-11   27 31     -4  
    IVY ASSET STRATEGIC FUND CL A 2008-12 PURCHASE 2011-11   225 167     58  
    IVY ASSET STRATEGIC FUND CL A 2008-12 PURCHASE 2011-11   19,094 14,201     4,893  
    IVY ASSET STRATEGIC FUND CL A 2008-12 PURCHASE 2011-11   6,746 5,017     1,729  
    IVY ASSET STRATEGIC FUND CL A 2009-12 PURCHASE 2011-11   108 101     7  
    TEMPLETON GLOBAL BD FUND CL C 2009-06 PURCHASE 2011-11   17,661 16,283     1,378  
    TEMPLETON GLOBAL BD FUND CL C 2009-06 PURCHASE 2011-11   95 87     8  
    TEMPLETON GLOBAL BD FUND CL C 2009-07 PURCHASE 2011-11   94 87     7  
    TEMPLETON GLOBAL BD FUND CL C 2009-07 PURCHASE 2011-11              
    TEMPLETON GLOBAL BD FUND CL C 2009-08 PURCHASE 2011-11   92 87     5  
    TEMPLETON GLOBAL BD FUND CL C 2009-09 PURCHASE 2011-11   91 88     3  
    TEMPLETON GLOBAL BD FUND CL C 2009-10 PURCHASE 2011-11   88 87     1  
    TEMPLETON GLOBAL BD FUND CL C 2009-10 PURCHASE 2011-11   25,276 25,000     276  
    TEMPLETON GLOBAL BD FUND CL C 2009-11 PURCHASE 2011-11   81 81        
    TEMPLETON GLOBAL BD FUND CL C 2009-11 PURCHASE 2011-11   88 88        
    TEMPLETON GLOBAL BD FUND CL C 2009-12 PURCHASE 2011-11   25,020 25,000     20  
    TEMPLETON GLOBAL BD FUND CL C 2009-12 PURCHASE 2011-11   80 79     1  
    TEMPLETON GLOBAL BD FUND CL C 2009-12 PURCHASE 2011-11   170 168     2  
    TEMPLETON GLOBAL BD FUND CL C 2010-01 PURCHASE 2011-11   245 248     -3  
    TEMPLETON GLOBAL BD FUND CL C 2010-02 PURCHASE 2011-11   250 252     -2  
    TEMPLETON GLOBAL BD FUND CL C 2010-03 PURCHASE 2011-11   241 249     -8  
    TEMPLETON GLOBAL BD FUND CL C 2010-04 PURCHASE 2011-11   236 250     -14  
    TEMPLETON GLOBAL BD FUND CL C 2010-05 PURCHASE 2011-11   271 281     -10  
    TEMPLETON GLOBAL BD FUND CL C 2010-06 PURCHASE 2011-11   279 284     -5  
    TEMPLETON GLOBAL BD FUND CL C 2010-07 PURCHASE 2011-11   278 284     -6  
    TEMPLETON GLOBAL BD FUND CL C 2010-08 PURCHASE 2011-11   272 284     -12  
    TEMPLETON GLOBAL BD FUND CL C 2010-09 PURCHASE 2011-11   269 285     -16  
    TEMPLETON GLOBAL BD FUND CL C 2010-10 PURCHASE 2011-11   264 285     -21  
    THORNBURG INT'L VALUE FUND CL A 2009-07 PURCHASE 2011-11   10,011 9,051     960  
    THORNBURG INT'L VALUE FUND CL A 2009-09 PURCHASE 2011-11   19 18     1  
    THORNBURG INT'L VALUE FUND CL A 2010-03 PURCHASE 2011-11   2 2        
    THORNBURG INT'L VALUE FUND CL A 2010-06 PURCHASE 2011-11   38 37     1  
    THORNBURG INT'L VALUE FUND CL A 2010-09 PURCHASE 2011-11   23 24     -1  
    THORNBURG INVEST INC BUILDER FD CL A 2009-09 PURCHASE 2011-11   54 52     2  
    THORNBURG INVEST INC BUILDER FD CL A 2009-12 PURCHASE 2011-11   1 2     -1  
    THORNBURG INVEST INC BUILDER FD CL A 2010-03 PURCHASE 2011-11   1 2     -1  
    THORNBURG INVEST INC BUILDER FD CL A 2010-06 PURCHASE 2011-11   1 2     -1  
    THORNBURG INVEST INC BUILDER FD CL A 2010-09 PURCHASE 2011-11   1 2     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2009-10 PURCHASE 2011-11   119,497 119,081     416  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2009-11 PURCHASE 2011-11   271 271        
    JPMORGAN STRATEGIC INCOME OPPORT FD 2009-12 PURCHASE 2011-11   284 284        
    JPMORGAN STRATEGIC INCOME OPPORT FD 2009-12 PURCHASE 2011-11   660 663     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2009-12 PURCHASE 2011-11   64 65     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-01 PURCHASE 2011-11   375 377     -2  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-02 PURCHASE 2011-11   258 261     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-03 PURCHASE 2011-11   299 300     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-04 PURCHASE 2011-11   220 222     -2  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-05 PURCHASE 2011-11   154 157     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-06 PURCHASE 2011-11   248 249     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-07 PURCHASE 2011-11   288 289     -1  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-08 PURCHASE 2011-11   326 329     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-09 PURCHASE 2011-11   327 330     -3  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-10 PURCHASE 2011-11   325 331     -6  
    JPMORGAN STRATEGIC INCOME OPPORT FD 2010-11 PURCHASE 2011-11   310 318     -8  
    SBA COMMUNICATIONS INC 2007-01 PURCHASE 2011-11              

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS AND STRUCTURED PRODUCTS    
    SEK 2YR 90% PP GOLD LINKED NOTE 2011    
    JP MORGAN CHASE PLUS ON A CRCY BASKE    

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS AND MUTUAL FUNDS    
    CITIGROUP PVT EQUITY PARTNRS L.P. 84,397 148,760
    BLACKROCK GLOBAL ALLOCATION FD CL C    
    CALAMOS MARKET NEUTRAL INCOME FD CL    
    EATON VANCE FLOATING RATE FUND CL A    
    EATON VANCE GLOBAL MACRO ABS FD CL A    
    EATON VANCE RISK MGD EQTY OPPT INC D    
    FIRST EAGLE OVERSEAS FD CL C    
    HIGHLAND LONG/SHORT EQTY FD CL C    
    IVY ASSET STRATEGIC FD CL A    
    IVY FDS INC LGE CAP GRO CL A    
    IVY GLOBAL NATURAL RESOURCES F CL A    
    JPMORGAN STRATEGIC INC OPP FD CL C    
    MUTUAL GLOBAL DISCOVERY FD CL C    
    NEW WORLD FUND CL A    
    NEW WORLD FUND CL C    
    OPPENHEIMER INT'L BOND FD CL A    
    TEMPLETON GLOBAL BD FD CL C    
    THORNBURG INV TR INT'L VAL FD CL A    
    THORNBURG INVEST INC FD CL A 1 1
    SBA COMMUNICATIONS INC   1,334,970
    OLD WESTBURY - FIXED INCOME 470,000 471,125
    OLD WESTBURY - GLOBAL OPPORTUNITIES 80,000 80,360
    OLD WESTBURY - LARGE CAP CORE FUND 70,000 68,646
    OLD WESTBURY - LARGE STRATEGIES FUND 20,000 21,140
    OLD WESTBURY - REAL RETURN 37,500 36,343
    OLD WESTBURY - SMALL & MID CAP 35,650 37,005

    TY 2011 InvestmentsOtherSchedule2
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FOREIGN CURRENCY DEPOSIT - HK DOLLAR AT COST 10,553 10,563
    FOREIGN CURRENCY DEPOSIT - MX PESO AT COST 5,300 5,323
    FOREIGN CURRENCY DEPOSIT - NO KRONE AT COST 5,980 5,974
    FOREIGN CURRENCY DEPOSIT - SG DOLLAR AT COST 8,167 8,211

    TY 2011 OtherProfessionalFeesSchedule
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 4,035 4,035    


    TY 2011 TaxesSchedule
    Name:
    THE STEVEN E BERNSTEIN FAMILY
    FOUNDATION INC
    EIN: 20-5120272
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITH-HELD 108 108    
    EXCISE TAX ON INVESTMENT INCOME 256 256