Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 07-01-2010 , and ending 06-30-2011
G
Check all that apply:
Name of foundation
THE POLLOCK-KRASNER FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)863 PARK AVENUE AT 77TH STREET   Room/suite
City or town, state, and ZIP code
NEW YORK, NY100750342
A Employer identification number

13-3255693
B Telephone number (see page 10 of the instructions)

(212) 517-5400
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$60,186,860J 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) 5,000
2 Check bullet
3 Interest on savings and temporary cash investments 295 295  
4 Dividends and interest from securities...... 1,229,262 1,229,262  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,306,553
b Gross sales price for all assets on line 6a 9,400,227
7 Capital gain net income (from Part IV, line 2)... 3,208,327
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 100,307 72,270  
12 Total. Add lines 1 through 11........ 4,641,417 4,510,154  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 490,805 179,433   311,372
14 Other employee salaries and wages...... 258,193 0   258,193
15 Pension plans, employee benefits....... 409,060 96,717   312,342
16a Legal fees (attach schedule)......... Click to see attachment 18,784 15,968   2,817
b Accounting fees (attach schedule)....... Click to see attachment 54,713 20,792   33,921
c Other professional fees (attach schedule).... Click to see attachment 179,405 150,207   29,198
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 174,137 14,248   38,868
19 Depreciation (attach schedule) and depletion... Click to see attachment 69,208 20,762  
20 Occupancy.............. 108,160 10,816   97,344
21 Travel, conferences, and meetings....... 74,682 0   74,682
22 Printing and publications.......... 5,964 0   5,964
23 Other expenses (attach schedule)....... Click to see attachment 339,548 217,803   121,747
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,182,659 726,746   1,286,448
25 Contributions, gifts, grants paid........ 1,971,300 1,971,300
26 Total expenses and disbursements. Add lines 24 and 25 4,153,959 726,746   3,257,748
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 487,458
b Net investment income (if negative, enter -0-) 3,783,408
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 1,567,210 1,094,030 1,094,030
2 Savings and temporary cash investments.......... 842,047 704,444 704,444
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........... 66,321 66,321 66,321
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 18,734,298 Click to see attachment22,694,142 26,833,453
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 16,106,638 Click to see attachment17,247,213 17,980,824
14 Land, buildings, and equipment: basis bullet3,043,466
Less: accumulated depreciation (attach schedule) bullet1,297,661 1,802,988 Click to see attachment1,745,805 3,555,138
15 Other assets (describe bullet) Click to see attachment9,705,509 Click to see attachment5,635,738 Click to see attachment9,952,650
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,825,011 49,187,693 60,186,860
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment111,266 Click to see attachment107,608
23 Total liabilities (add lines 17 through 22).......... 111,266 107,608
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 48,713,745 49,080,085
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).................... 48,713,745 49,080,085
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 48,825,011 49,187,693
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 48,713,745
2 Enter amount from Part I, line 27a...................... 2 487,458
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 49,201,203
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 121,118
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 49,080,085
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a THROUGH COOKE AND BEILER SHORT TERM P    
b GOLDENTREE PARTNERS-SHORT TERM P    
c GOLDENTREE PARTNERS-LONG TERM P    
d GOLDENTREE PARTNERS-1256 SHORT GAIN P    
e GOLDENTREE PARTNERS-1256 LONG GAIN P    
LESS GOLDENTREE PARTNERS GAIN-SUBJECT TO UBTI P    
WELLINGTON-SHORT TERM P    
WELLINGTON-LONG TERM P    
WELLINGTON-1256 SHORT TERM P    
WELLINGTON-1256 LONG TERM P    
THROUGH ATALANTA SOSNOFF-SHORT TERM P    
THROUGH ATALANTA SOSNOFF-LONG TERM P    
THROUGH COOKE AND BEILER LONG TERM P    
ARTWORK D 1984-08-31  
PIMCO TOTAL RETURN FUND A P 2006-03-01 2010-11-02
THROUGH EARNEST & PARTNERS SHORT TERM P    
THROUGH EARNEST & PARTNERS LONG TERM P    
CAPITAL GAINS DIVIDENDS P    
(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 34,539   26,933 7,606
b       231,357
c       111,654
d       -1,711
e       -2,567
      -98,226
      273,350
      21,066
      7,628
      11,443
2,911,945   2,939,659 -27,714
1,732,676   1,246,898 485,778
883,073   705,146 177,927
2,499,240   714,072 1,785,168
1,000,000   889,498 110,502
20,197   17,832 2,365
256,012   205,856 50,156
62,545     62,545
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       7,606
b       231,357
c       111,654
d       -1,711
e       -2,567
      -98,226
      273,350
      21,066
      7,628
      11,443
      -27,714
      485,778
      177,927
      1,785,168
      110,502
      2,365
      50,156
      62,545
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 3,208,327
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 3,327,243 51,856,012 0.064163
2008 3,426,608 50,613,376 0.067702
2007 4,365,705 61,910,393 0.070517
2006 3,979,760 60,993,554 0.065249
2005 3,268,222 57,788,642 0.056555
2 Total of line 1, column (d) ...................... 2 0.324186
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 0.064837
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 54,154,754
5 Multiply line 4 by line 3....................... 5 3,511,232
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 37,834
7 Add lines 5 and 6......................... 7 3,549,066
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,257,748
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 75,668
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 0
3 Add lines 1 and 2............................ 3 75,668
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 75,668
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 69,993
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 25,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 94,993
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 373
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 18,952
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet18,952 Refunded Bullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNY
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.PKF.ORG
    14
    The books are in care ofbulletKERRIE BUITRAGO Telephone no.bullet (212) 517-5400
    Located atbullet863 PARK AVENUENEW YORKNY ZIP+4bullet100750342
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CHARLES C BERGMAN CHAIRMAN
    40.00     		208,114 49,000 0
    24 E 82ND STREET
    NEW YORK,NY10028
    SAMUEL SACHS PRESIDENT
    20.00     		113,466 0 0
    169 STONE HILL ROAD
    BEDFORD,NY10506
    KERRIE BUITRAGO EXECUTIVE V.P.
    40.00     		169,225 49,000 0
    65 MONTAGUE STREET
    BROOKLYN,NY11201
    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
    CAROLINE BLACK PROGRAM OFFICER
    40.00     		81,484 4,074 0
    863 PARK AVENUE
    NEW YORK,NY10075
    BETH COCHEMS-BUDRIS GRANTS MANAGER
    40.00     		67,425 3,371 0
    863 PARK AVENUE
    NEW YORK,NY10075
    Total number of other employees paid over $50,000...................bullet 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
    COOPERSMITH SIMON & VOGEL PC ACCOUNTING 54,713
    50 CHAS LINDBERGH BLVD STE 605
    UNIONDALE,NY11553
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    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
    44,321,048
    b
    Average of monthly cash balances.......................
    1b
    1,718,093
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    8,940,305
    d
    Total (add lines 1a, b, and c).........................
    1d
    54,979,446
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    54,979,446
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    824,692
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    54,154,754
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,707,738
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,707,738
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    75,668
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
    32,005
    c
    Add lines 2a and 2b............................
    2c
    107,673
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,600,065
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    2,600,065
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    2,600,065
    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
    3,257,748
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    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
    3,257,748
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    3,257,748
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 2,600,065
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 1,909,249
    b From 2006....... 4,023,752
    c From 2007....... 2,585,287
    d From 2008....... 3,435,073
    e From 2009....... 2,265,558
    fTotal of lines 3a through e......... 14,218,919
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 3,257,748
    a Applied to 2009, but not more than line 2a 0
    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)...     		Click to see attachment3,257,748
    d Applied to 2010 distributable amount..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 2,600,065 2,600,065
    (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 14,876,602
    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 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		14,876,602
    10 Analysis of line 9:
    a Excess from 2006.... 3,332,936
    b Excess from 2007.... 2,585,287
    c Excess from 2008.... 3,435,073
    d Excess from 2009.... 2,265,558
    e Excess from 2010.... 3,257,748
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    MS CAROLINE BLACK
    POLLOCK-KRASNER FDTN 863 PARK
    AVENUE
    NEW YORK,NY100750342
    (212) 517-5400
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION HAS A STANDARD APPLICATION FORM TO BE COMPLETED ON LINE AT WWW.PKF.ORG . THE REQUIRED INFORMATION AND MATERIALS NOTED IN THE APPLICATION ARE AS FOLLOWS: 1) CD OF TEN IMAGES 2) A COVER LETTER STATING THE PURPOSE OF THE GRANT, THE AMOUNT REQUESTED AND IN WHAT AMOUNTS. THE APPLICATION MUST BE COMPLETED ON LINE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACKER MICHAEL
    PO BOX 1959
    BOYES HOT SPRINGS,CA95416     		NONE N/A GENERAL 15,000
    ALLEN LARA
    735 MANHATTAN AVENUE 4L
    NEW YORK,NY11222     		NONE N/A GENERAL 15,000
    ALLEN SANDRA
    735 MANHATTAN AVENUE 4L
    NEW YORK,NY11222     		NONE N/A GENERAL 10,000
    AMOS EMMA
    21 BOND STREET
    NEW YORK,NY10012     		NONE N/A GENERAL 25,000
    AVIDOR SHIRA
    99 DOVER ROAD
    WEST HARTFORD,CT06119     		NONE N/A GENERAL 11,000
    BAKER CLAIRE
    2143 LEMOYNE STREET
    LOS ANGELES,CA90026     		NONE N/A GENERAL 15,000
    BAKER GABRIELLE
    1100 UNIVERSITY 2C
    SEATTLE,WA98101     		NONE N/A GENERAL 20,000
    BARLETTA EMILY
    99 NORMAN AVENUE APT 3R
    BROOKLYN,NY11222     		NONE N/A GENERAL 8,000
    BERGER NEIL
    246 15TH STREET APT 7
    BROOKLYN,NY11215     		NONE N/A GENERAL 10,000
    BERKENBLIT ELLEN
    277 PARK PLACE
    BROOKLYN,NY11238     		NONE N/A GENERAL 10,000
    BERNARDINI CARLO
    VIA FIORI OSCURI 7
    MILANO   20121
    IT     		NONE N/A GENERAL 15,000
    BEZABIH BEHAILU
    BELAY ZELEKE STREET PO BOX 5961
    ADDIS ABABA    
    ET     		NONE N/A GENERAL 5,000
    BIRNBAUM DARA
    140 THOMPSON STREET 3A
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    BLANCO TANIA
    C/PEDRO III EL GRANDE 6 PTA 1
    VALENCIA   46005
    SP     		NONE N/A GENERAL 16,000
    BOULLOSA MARISA
    AV TOULCA 1070 LOCAL 10 COL OLIVAR
    MEXICO   01780
    MX     		NONE N/A GENERAL 16,000
    BOZOVIC NIKOLA
    OMLADINSKIH BRIGADA 7D
    BELGRADE   11000
    RI     		NONE N/A GENERAL 10,000
    BRACCO CARRIE-ANN
    399 12TH STREET APT 3R
    BROOKLYN,NY11215     		NONE N/A GENERAL 6,000
    BRUCE KATHY A
    100 BEEKMAN STREET 6L
    NEW YORK,NY10038     		NONE N/A GENERAL 20,000
    BUTLER KENNETH
    427 MANHATTAN AVENUE
    BROOKLYN,NY11222     		NONE N/A GENERAL 5,700
    BUTTERLY KATHY
    405 E 13TH STREET 2
    NEW YORK,NY10009     		NONE N/A GENERAL 10,000
    CAIN SARAH
    1342 1/2 MCDUFF STREET
    LOS ANGELES,CA90026     		NONE N/A GENERAL 10,000
    CAPE FRANCIS
    358 GABLES ROAD
    NARROWSBURG,NY12764     		NONE N/A GENERAL 15,000
    CARUSO RICK
    22 CARROLL STREET 3 FL
    BROOKLYN,NY11231     		NONE N/A GENERAL 8,000
    SCULPTURE CENTER
    4419 PURVES STREET
    LING ISLAND CITY,NY11101     		NONE N/A GENERAL 20,000
    CHAKRABORTY BIBHUTI
    29 RAJA MANINDRA ROAD
    KOLKATA   700037
    IN     		NONE N/A GENERAL 7,000
    CHAN AMY
    2515 KENSINGTON AVENUE APT B
    RICHMOND,VA23220     		NONE N/A GENERAL 7,000
    CHENG EMILY
    439 LAFAYETTE ST 3A
    NEW YORK,NY10003     		NONE N/A GENERAL 20,000
    CHUTIWONGPETI SARAWUT
    8/10 MUBAN KANDA EKACHAI 1 BANGDON
    BANGKOK   10150
    TH     		NONE N/A GENERAL 20,000
    COHEN ARTHUR M
    55 TIEMENN PLACE APT 47
    NEW YORK,NY10027     		NONE N/A GENERAL 20,000
    COLVILLE PAT
    714 WEST DONOVAN STREET
    HOUSTON,TX77091     		NONE N/A GENERAL 18,000
    CONNELLY VINCENT
    PO BOX 341
    HIGH FALLS,NY12440     		NONE N/A GENERAL 25,000
    COOPER ELIZABETH
    101 DUPONT STREET 3
    BROOKLYN,NY11222     		NONE N/A GENERAL 15,000
    COSTA MAURICIO
    ALHUE 1560
    SANTIAGO   7580365
    CI     		NONE N/A GENERAL 10,000
    COUNIHAN ALAN
    RHUE LANE TULLABRIN
    JOHNSWELL COUNTY KILKENNY    
    EI     		NONE N/A GENERAL 18,000
    CRINE MONIQUE
    4653 QUITMAN STREET
    DENVER,CO80212     		NONE N/A GENERAL 9,000
    DA SILVA ARTHUR
    1505 N DELAWARE STREET 15
    INDIANAPOLIS,IN46202     		NONE N/A GENERAL 5,000
    DEFIBAUGH ELAINE
    30 WINBOURNE ROAD
    ROCHESTER,NY14611     		NONE N/A GENERAL 20,000
    DEY MRINAL
    C/O AJOY KR DE ABAN PALLI SANTINIKE
    WEST BENGAL   731235
    IN     		NONE N/A GENERAL 7,000
    JAPAN SOCIETY
    JAPAN SOCIETY
    NEW YORK,NY10017     		NONE N/A GENERAL 5,000
    EDGAR NATALIE
    810 BROADWAY
    NEW YORK,NY10003     		NONE N/A GENERAL 25,000
    ESPER MARK
    432 DEAN STREET APT 5
    BROOKLYN,NY11217     		NONE N/A GENERAL 12,000
    ESPINOZA EUGENIO
    1651 NW 19TH CIRCLE
    GAINSVILLE,FL32605     		NONE N/A GENERAL 10,000
    EVANS FRANKLIN
    253 EAST HOUSTON STREET 3
    NEW YORK,NY10002     		NONE N/A GENERAL 22,000
    EZBAN BEATRIZ
    ZAMORA 14-2
    MEXICO CITY   06140
    MX     		NONE N/A GENERAL 24,000
    FARIA FRANCISCO
    RUA DOS GRAFITOS 173
    FLORIANOPOLIS SC   88067360
    BR     		NONE N/A GENERAL 20,000
    FERGUSON MARK
    140 BEDFORD AVENUE 3
    BROOKLYN,NY11211     		NONE N/A GENERAL 15,000
    FLOERSCH RUSSELL
    305 EAST 24TH ST APT LD
    NEW YORK,NY10010     		NONE N/A GENERAL 8,000
    FLORES-CHARNECO SANTIAGO
    151 DE LA CRUZ STREET APT 4B
    SAN JUAN,PR00901     		NONE N/A GENERAL 8,000
    FORD JOHN
    147 CATHARINE ST SOUTH APT 302
    HAMILTON ON   L8N2J6
    CA     		NONE N/A GENERAL 20,000
    GARCIA CORREA FERNANDO
    NICHOLAS SAN JUAN 1004
    MEXICO DF   03100
    MX     		NONE N/A GENERAL 15,000
    GEISER DAVID
    19 LONG WOODS LANE
    EAST HAMPTON,NY11937     		NONE N/A GENERAL 12,000
    GONZALEZ MARIA ELENA
    272 SACKETT STREET 1-R
    BROOKLYN,NY11231     		NONE N/A GENERAL 20,000
    GRANT ALEXANDRA
    898 TEMPLE TERRACE 325
    LOS ANGELES,CA90042     		NONE N/A GENERAL 10,000
    GREIG NEAL
    SEAVEAGH
    GLASLOUGH CO    
    EI     		NONE N/A GENERAL 15,000
    GROSSE KATHARINA
    LEHRTER STR57/HAUS 7
    BERLIN   10557
    GM     		NONE N/A GENERAL 20,000
    GUZMAN NICHOLAS
    LUIS THAYER OJEDA 382
    SANTIAGO   7640231
    CI     		NONE N/A GENERAL 18,000
    HACKENWERTH JASON
    184 EAST 88TH STREET 3W
    NEW YORK,NY10128     		NONE N/A GENERAL 9,000
    HAN KYUNG WOO
    100 JAY STREET APT 25E
    BROOKLYN,NY11201     		NONE N/A GENERAL 15,000
    HARRINGTON ELIZABETH
    1823 SECOND AVENUE 4N
    NEW YORK,NY10128     		NONE N/A GENERAL 30,000
    STONY BROOK FOUNDATION (PKF HOUSE & STUDY CENTER)
    830 SPRINGS-FIREPLACE ROAD
    EAST HAMPTON,NY11937     		NONE 501(C)(3) GENERAL 25,000
    HEGARTY VALERIE J
    171 EASTERN PARKWAY B7
    BROOKLYN,NY11283     		NONE N/A GENERAL 20,000
    HELMS ADAM
    221 BANKER STREET
    BROOKLYN,NY11222     		NONE N/A GENERAL 30,000
    HENDON ROBERT CHAM
    32 ARMSTRONG STREET
    HAMDEN,CT06517     		NONE N/A GENERAL 15,000
    HENDREN DAVID
    2415 SOUTH SANTA FE 4
    LOS ANGELES,CA90058     		NONE N/A GENERAL 16,000
    HOLZMAN CHUCK
    30 IPSWICH ST 401
    BOSTON,MA02215     		NONE N/A GENERAL 8,000
    HORNER CATHY
    139 BRADLEY ROAD
    JOHNSON CITY,TN37601     		NONE N/A GENERAL 15,000
    IVESON JAMES
    77 CAPEL ROAD
    LONDON   E70JR
    UK     		NONE N/A GENERAL 11,000
    JACOBS PHYLLIS
    591 OLD STAGE ROAD
    FREDERICK,MD21703     		NONE N/A GENERAL 15,000
    JOHNSON DUNCAN M
    PO BOX 659
    HARTFORD,VT05047     		NONE N/A GENERAL 20,000
    ARTADIA THE FUND FOR ART & DIALOGUE
    210 11TH AVENUE SUITE 503
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL 10,000
    KIM EUNAH
    501-604 HYUNDAI 5TH APT CHORYE-DONG
    CHOLLANAMDO   540-180
    KS     		NONE N/A GENERAL 17,000
    KING PHILLIP
    26 SAVERNAKE ROAD
    LONDON   NW32JP
    UK     		NONE N/A GENERAL 25,000
    KING DAVID
    554 GUERRERO STREET
    SAN FRANCISCO,CA94110     		NONE N/A GENERAL 4,600
    KOPYSTIANSKY IGOR
    526 W 25TH STREET 608
    NEW YORK,NY10001     		NONE N/A GENERAL 16,000
    KOPYSTIANSKY SVETLANA
    526 W 25TH STREET 608
    NEW YORK,NY10001     		NONE N/A GENERAL 16,000
    KREBS PATSY
    PO BOX 446
    INVERNES,CA94937     		NONE N/A GENERAL 20,000
    LARAMEE EVE
    126 JAVA STREET
    BROOKLYN,NY11222     		NONE N/A GENERAL 20,000
    LEBOW ELLEN
    PO BOX 5
    WELLFLEET,MA02667     		NONE N/A GENERAL 8,000
    LEE KAKYOUNG
    135 OCEAN PARKWAY APT 3T
    BROOKLYN,NY11218     		NONE N/A GENERAL 15,000
    VERMONT STUDIO CENTER
    VERMONT STUDIO CENTER
    JOHNSON,VT05656     		NONE 501(C)(3) GENERAL 16,000
    LENOCHAN JC
    378 TREMONT PLACE
    ORANGE,NJ07050     		NONE N/A GENERAL 15,000
    LUKANOV DIMITAR
    229 BAY 19 STREET A
    BROOKLYN,NY11214     		NONE N/A GENERAL 12,000
    MALEYRE BEATRICE
    18 RUE GAMBETTA
    PERIGUEUX   24000
    FR     		NONE N/A GENERAL 9,000
    MASSAD DANIEL
    1112 E MAIN STREET
    ANNVILLE,PA17003     		NONE N/A GENERAL 14,000
    MCCLANCY GEORGE JR
    5429 CONNECTICUT AVE NW 502
    WASHINGTON,DC20015     		NONE N/A GENERAL 25,000
    MCCUTCHEON BRIAN R
    6333 WASHINGTON BLVD
    INDIANAPOLIS,IN46220     		NONE N/A GENERAL 20,000
    MCGINNIS SEAN
    407 WEST 13TH STREET
    HAYES,KS67601     		NONE N/A GENERAL 25,000
    MCGOWEN-GRIFFIN CHARLOTTE
    WILLIBALD-ALEXIS-STRASSE 12
    BERLIN   10965
    GM     		NONE N/A GENERAL 17,000
    MIEBACH NATHALIE
    1075 BEACON STREET 4
    BROOKLINE,MA02446     		NONE N/A GENERAL 6,000
    MURPHY MARGARET
    368 WEBSTER AVENUE
    JERSEY CITY,NJ07307     		NONE N/A GENERAL 17,000
    FINE ARTS WORK CENTER IN PROVIDENCE
    24 PEARL STREET
    PROVINCETOWN,MA02657     		NONE 501(C)(3) GENERAL 10,000
    MYERS MARTIN
    PO BOX 280
    SCHROON LAKE,NY12870     		NONE N/A GENERAL 15,000
    NAGAPUZHA MURALI
    MENACHERY APTS BISHOP PALACE RD
    THRISSUR KERALA   670020
    IN     		NONE N/A GENERAL 14,000
    NAU CHRIS
    2011 NEWKIRK AVE 7D
    BROOKLINE,NY11226     		NONE N/A GENERAL 18,000
    NAVES MARIO
    42-15 43RD AVENUE APT F-25
    SUNNYSIDE,NY11104     		NONE N/A GENERAL 12,000
    NOBBE KATHRYN
    10141 JUNO AVENUE N
    GRANT,MN55082     		NONE N/A GENERAL 10,000
    NOZICK LORI
    PO BOX 771
    CROMPOND,NY10517     		NONE N/A GENERAL 20,000
    O'HARA MORGAN
    106 MACDOUGAL STREET 12
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    ORR TOM
    8157 BARBAREE BLVD
    DALLAS,TX75228     		NONE N/A GENERAL 10,000
    PALMERTON ELWYN
    50 EAST 2ND STREET
    HOWELL,NJ07731     		NONE N/A GENERAL 10,000
    PHUNSOMBATLERT BUNDITH
    281 NORTH 7TH STREET APT 1
    BROOKLINE,NY11211     		NONE N/A GENERAL 10,000
    RABINOVICH RAQUEL
    141 LAMOREE RD
    RHINEBECK,NY12572     		NONE N/A GENERAL 13,000
    RAMIREZ CASTILLO OSVALDO
    172 RUE FAILLON OUEST APP 201
    QUEBEC   H2R2V7
    CA     		NONE N/A GENERAL 13,000
    RANDALL NANCY
    3 EAST ST ALBANS ROAD
    HOPKINS,MN55305     		NONE N/A GENERAL 30,000
    RAZOV NIKOLA
    A FERRI 37 ROVINJ
    ISTRIA   52210
    HR     		NONE N/A GENERAL 15,000
    REDINGER WALTER
    25761 SILVER CLAY LINE RR3 WEST
    ONTARIO   N0L2P0
    CA     		NONE N/A GENERAL 20,000
    YADDO
    PO BOX 395
    SARATOGA SPRINGS,NY12866     		NONE 501(C)(3) GENERAL 10,000
    ROTH IKUKO
    99-45 67TH ROAD APT 602
    FOREST HILLS,NY11375     		NONE N/A GENERAL 10,000
    NEW YORK FOUNDATION FOR THE ARTS
    20 JAY STREET 7TH FLOOR
    BROOKLYN,NY11201     		NONE 501(C)(3) GENERAL 15,000
    RUGGERI GINA
    146 CONSELYEA STREET
    BROOKLYN,NY11211     		NONE N/A GENERAL 25,000
    RUSH GEORGE
    109 EAST REDBUD ALLEY
    COLUMBUS,OH43206     		NONE N/A GENERAL 20,000
    SAKAOKA YASUE
    PO BOX 09248
    COLUMBUS,OH43209     		NONE N/A GENERAL 15,000
    SENGUPTA JOYDIP
    FLAT A-5 89 BABURAM GHOSH ROAD
    TOLLYGUNGE   700040
    IN     		NONE N/A GENERAL 20,000
    SERBER SASHA
    DIZENGOFF 286/9
    TELAVIV   63117
    IS     		NONE N/A GENERAL 10,000
    SHIN HYUNGSUB
    188 1ST AVENUE 7
    NEW YORK,NY10009     		NONE N/A GENERAL 15,000
    SONG CHANG-AE
    101-403 DONGBU CENTERREVILL APT 461
    SEOUL   120102
    KN     		NONE N/A GENERAL 5,000
    STROUD JAMES F
    172 CHURCHILLS LANE
    MILTON,MA02186     		NONE N/A GENERAL 18,000
    SZASZ JANOS
    TIMAR U 17
    BUDAPEST   1034
    HU     		NONE N/A GENERAL 20,000
    TALEVSKI INANCO
    MORGAN BUILDING 205 S 34TH STREET
    PHILADELPHIA,PA19104     		NONE N/A GENERAL 5,000
    THURSTON JOE
    2516 NW 29TH AVENUE BUILDING 10
    PORTLAND,OR97210     		NONE N/A GENERAL 8,000
    TREPANIER HEIDE
    913 WEST 32ND STREET
    RICHMOND,VA23225     		NONE N/A GENERAL 8,000
    TRIPLETTE GINNA
    142 14TH STREET 3
    BROOKLYN,NY11215     		NONE N/A GENERAL 15,000
    VAN LUBEK PATRICIA
    4 TUDOR RISE
    WHAKATANE   3120
    NZ     		NONE N/A GENERAL 18,000
    WALKINGSTICK KAY
    34-28 80TH STREET 22
    JACKSON HEIGHTS,NY11372     		NONE N/A GENERAL 10,000
    WALLACE RYAN
    918 MANHATTAN AVENUE
    BROOKLYN,NY11222     		NONE N/A GENERAL 8,000
    WATANABE KAZUKO
    1420 45TH STREET
    EMERYVILLE,CA94608     		NONE N/A GENERAL 20,000
    WAUGH MICHAEL
    244 ROEBLING ST 9
    BROOKLYN,NY11211     		NONE N/A GENERAL 20,000
    WAYNE JUNE
    1108 N TAMATIND AVENUE
    LOS ANGELES,CA90036     		NONE N/A GENERAL 25,000
    WESTERLUND ROOSEN MIA
    201 ABBOTT ROAD
    BUSKIRK,NY12028     		NONE N/A GENERAL 11,000
    WESTMARK JOHN
    510 NE BLVD
    GAINSVILLE,FL32601     		NONE N/A GENERAL 14,000
    WILDER AENEAS
    2-24-2 OCHIAI HANAMAKI
    IWATE   028-1051
    JA     		NONE N/A GENERAL 25,000
    WILL JACQUELINE
    2917 HOYT STREET UNIT 411
    EVERETT,WA98201     		NONE N/A GENERAL 8,000
    MACDOWELL COLONY
    100 HIGH STREET
    MACDOWELL COLONY,NH03458     		NONE N/A GENERAL 10,000
    COALSON CAROLYN
    1616 COYOTE ROAD
    PRESCOTT,AZ86303     		NONE N/A GENERAL 11,000
    Total .................................bullet 3a 1,971,300
    bApproved for future payment
    BIRNBAUM DARA
    140 THOMPSON STREET 3A
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    BUTTERLY KATHY
    405 E 13TH STREET 2
    NEW YORK,NY10009     		NONE N/A GENERAL 10,000
    CAIN SARAH
    1342 1/2 MCDUFF STREET
    LOS ANGELES,CA90026     		NONE N/A GENERAL 10,000
    CARUSO RICK
    22 CARROLL STREET 3 FL
    BROOKLYN,NY11231     		NONE N/A GENERAL 7,000
    COALSON CAROLYN
    1616 COYOTE ROAD
    PRESCOTT,AZ86303     		NONE N/A GENERAL 11,000
    CRINE MONIQUE
    4653 QUITMAN STREET
    DENVER,CO80212     		NONE N/A GENERAL 8,000
    ESPINOZA EUGENIO
    1651 NW 19TH CIRCLE
    GAINSVILLE,FL32605     		NONE N/A GENERAL 10,000
    FLORES-CHARNECO SANTIAGO
    151 DE LA CRUZ STREET APT 4B
    SAN JUAN,PR00901     		NONE N/A GENERAL 7,000
    GRANT ALEXANDRA
    898 TEMPLE TERRACE 325
    LOS ANGELES,CA90042     		NONE N/A GENERAL 10,000
    HACKENWERTH JASON
    184 EAST 88TH STREET 3W
    NEW YORK,NY10128     		NONE N/A GENERAL 9,000
    HOLZMAN CHUCK
    30 IPSWICH ST 401
    BOSTON,MA02215     		NONE N/A GENERAL 7,000
    LEBOW ELLEN
    PO BOX 5
    WELLFLEET,MA02667     		NONE N/A GENERAL 7,000
    MIEBACH NATHALIE
    1075 BEACON STREET 4
    BROOKLINE,MA02446     		NONE N/A GENERAL 6,000
    NOBBE KATHRYN
    10141 JUNO AVENUE N
    GRANT,MN55082     		NONE N/A GENERAL 10,000
    O'HARA MORGAN
    106 MACDOUGAL STREET 12
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    ORR TOM
    8157 BARBAREE BLVD
    DALLAS,TX75228     		NONE N/A GENERAL 10,000
    PALMERTON ELWYN
    50 EAST 2ND STREET
    HOWELL,NJ07731     		NONE N/A GENERAL 10,000
    PHUNSOMBATLERT BUNDITH
    281 NORTH 7TH STREET APT 1
    BROOKLYN,NY11211     		NONE N/A GENERAL 10,000
    RABINOVICH RAQUEL
    141 LAMOREE RD
    RHINEBECK,NY12572     		NONE N/A GENERAL 12,000
    THURSTON JOE
    2516 NW 29TH AVENUE BUILDING 10
    PORTLAND,OR97210     		NONE N/A GENERAL 7,000
    TREPANIER HEIDE
    913 WEST 32ND STREET
    RICHMOND,VA23225     		NONE N/A GENERAL 7,000
    WALKINGSTICK KAY
    34-28 80TH STREET 22
    JACKSON HEIGHTS,NY11372     		NONE N/A GENERAL 10,000
    WALLACE RYAN
    918 MANHATTAN AVENUE
    BROOKLYN,NY11222     		NONE N/A GENERAL 7,000
    WILL JACQUELINE
    2917 HOYT STREET UNIT 411
    EVERETT,WA98201     		NONE N/A GENERAL 7,000
    Total ..................................bullet 3b 212,000
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 295  
    4 Dividends and interest from securities....     14 1,229,262  
    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.....     14 100,307  
    8Gain or (loss) from sales of assets other than inventory     18 3,306,553  
    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).. 0 4,636,417 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    134,636,417
    (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 (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH SIMON & VOGEL PC 54,713 20,792   33,921

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

    TY 2010 DepreciationSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CO-OP APARTMENT 1998-01-01 2,329,673 728,025 SL 40.000000000000 58,242 0    
    OFFICE FURNITURE & EQUIPMENT 1998-06-30 157,134 157,134 SL 7.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1999-01-01 8,910 8,910 SL 7.000000000000 0 0    
    WOOD BLINDS 2000-05-03 1,725 1,722 SL 7.000000000000 0 0    
    BUILDING IMPROVEMENTS 1998-01-01 187,553 58,444 SL 40.000000000000 4,689 0    
    OFFICE FURNITURE & EQUIPMENT 1991-06-30 5,229 5,229 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1991-06-30 1,525 1,525 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1993-06-30 1,950 1,950 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1995-01-01 28,874 28,874 SL 5.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1996-06-30 2,509 2,509 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1996-06-30 273 273 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1997-06-30 6,279 6,279 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1998-06-30 17,963 17,963 SL 5.000000000000 0 0    
    HP PRINTER 1999-11-11 850 843 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1999-11-02 34,667 34,667 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1996-06-30 11,363 11,363 SL 5.000000000000 0 0    
    WEB SITE 2002-02-28 45,900 45,900 SL 3.000000000000 0 0    
    COMPUTER EQUIPMENT 2003-06-30 1,709 1,709 SL 5.000000000000 0 0    
    A/C UNIT 2005-07-01 3,000 3,000 SL 5.000000000000 0 0    
    3 AIR CONDITIONERS 2006-07-12 3,800 3,040 SL 5.000000000000 760 0    
    COMPUTER EQUIPMENT 2007-04-27 6,199 3,927 SL 5.000000000000 1,240 0    
    BUILDING IMPROVEMENTS 2008-06-01 68,909 3,681 SL 39.000000000000 1,767 0    
    OFFICE EQUIPMENT 2009-06-30 4,533 907 SL 5.000000000000 907 0    
    PHONE SYSTEM 2010-11-10 12,025   SL 5.000000000000 1,603 0    

    TY 2010 DistributionFromCorpusElection
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Election:
    THE POLLOCK-KRASNER FOUNDATION INC. HEREBY ELECTS TO TREAT $ 3,257,748IN QUALIFYING DISTRIBUTIONS OF THE FOUNDATION FOR THE FISCAL YEARENDING JUNE 30, 2011 AS MADE OUT OF CORPUS IN ACCORDANCE WITHREGULATION 53.4942(A)-3(D)(2).

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PIMCO TOTAL RETURN A FUND 4,067,874 4,279,939
    EQUITIES AT ATALANTA SOSNOFF CAPITAL, LLC 3,061,246 3,601,850
    EQUITIES AT COOKE & BIELER, L.P. 4,234,583 4,933,344
    EQUITIES AT EARNEST PARTNERS, LLC 2,338,710 3,590,598
    WENTWORTH HAUSER 1,269,661 1,621,024
    THORNBURG INTERNATIONAL VALUE CL I 3,216,797 3,942,362
    TITAN MASTERS 4,505,271 4,864,336

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDENTREE HIGH YIELD PARTNERS AT COST 7,549,810 8,173,553
    IRONWOOD INTERNATIONAL LTD AT COST 5,000,000 4,865,432
    WELLINGTON TRUST-CTF EMERGING MARKETS AT COST 4,697,403 4,941,839

    TY 2010 LandEtcSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CO-OP APARTMENT 2,329,673 786,267 1,543,406 0
    OFFICE FURNITURE & EQUIPMENT 157,134 157,134   0
    OFFICE FURNITURE & EQUIPMENT 8,910 8,910   0
    WOOD BLINDS 1,725 1,722 3 0
    BUILDING IMPROVEMENTS 187,553 63,133 124,420 0
    OFFICE FURNITURE & EQUIPMENT 5,229 5,229   0
    COMPUTER EQUIPMENT 1,525 1,525   0
    SECURITY SYSTEM 1,950 1,950   0
    COMPUTER EQUIPMENT 28,874 28,874   0
    OFFICE FURNITURE & EQUIPMENT 2,509 2,509   0
    SECURITY SYSTEM 273 273   0
    COMPUTER EQUIPMENT 6,279 6,279   0
    COMPUTER EQUIPMENT 17,963 17,963   0
    HP PRINTER 850 843 7 0
    COMPUTER EQUIPMENT 34,667 34,667   0
    COMPUTER EQUIPMENT 11,363 11,363   0
    WEB SITE 45,900 45,900   0
    COMPUTER EQUIPMENT 1,709 1,709   0
    A/C UNIT 3,000 3,000   0
    3 AIR CONDITIONERS 3,800 3,800   0
    COMPUTER EQUIPMENT 6,199 5,167 1,032 0
    BUILDING IMPROVEMENTS 68,909 5,448 63,461 0
    OFFICE EQUIPMENT 4,533 1,814 2,719 0
    PHONE SYSTEM 12,025 1,603 10,422 0


    TY 2010 LegalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CARTER LEDYARD & MILBURN LLP 18,784 15,968   2,817


    TY 2010 OtherAssetsSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 4,696,773 4,506,273 8,823,185
    SECURITY DEPOSIT 2,880 2,880 2,880
    DUE FROM HERITAGE 2,730,071 500,585 500,585
    DUE FROM HERITAGE SER 0808 REDEMPTION 2,275,785 0 0
    ARTWORK RECEIVABLE   626,000 626,000


    TY 2010 OtherDecreasesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Amount
    UNREALIZED GAIN/LOSS FROM PASSTHROUGHS AND BOOK ADJUSTMENTS 121,118


    TY 2010 OtherExpensesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 32,214 12,289   19,925
    OFFICE EXPENSE 33,219 8,305   24,914
    TELEPHONE 18,336 4,951   13,386
    COMMITTEE OF SELECTION 12,181 0   12,181
    DUES & MEMBERSHIPS 14,434 0   14,434
    ARTWORK EXPENSE 55,588 55,588   0
    STATE FILING FEES 1,500 0   1,500
    POSTAGE 3,683 921   2,763
    EQUIPMENT LEASING 16,993 4,248   12,745
    COMPUTER EXPENSE 26,532 6,633   19,899
    CUSTODY FEES 12,392 12,392   0
    THROUGH PASSTHROUGH ENTITIES 112,476 112,476   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 100,307 100,307 100,307
    UBTI INCOME INCLUDED ABOVE   -28,037  


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED PENSION 111,266 107,608


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EARNEST PARTNERS, LLC 24,109 24,109   0
    COOKE & BEILER, L.P. 24,327 24,327   0
    WELLINGTON CTF 25,027 25,027   0
    MICRO EDGE INC 36,839 13,999   22,840
    PRINCIPAL FINANCIAL-PENSION SERVICE 9,490 3,132   6,358
    ATALANTA SOSNOFF CAPITAL, LLC 41,980 41,980   0
    CONSULTING SERVICES GROUP 17,633 17,633   0


    TY 2010 TaxesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 99,000 0   0
    PAYROLL 51,113 12,245   38,868
    FOREIGN TAX WITHHELD 2,003 2,003   0
    TAX ON UBTI 22,021 0   0