Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)HOMELAND CTR 1901 N FIFTH ST   Room/suite
City or town, state, and ZIP code
HARRISBURG, PA17102
A Employer identification number

25-6716658
B Telephone number (see page 10 of the instructions)

(717) 534-3225
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$0J 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      
4 Dividends and interest from securities...... 4,259 4,259  
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 96,279
b Gross sales price for all assets on line 6a 590,531
7 Capital gain net income (from Part IV, line 2)... 96,280
8 Net short-term capital gain......... 3
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 0    
12 Total. Add lines 1 through 11........ 100,538 100,539 3
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 1,200 1,200    
c Other professional fees (attach schedule).... Click to see attachment 4,525 4,525    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 79 79    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,804 5,804   0
25 Contributions, gifts, grants paid........ 522,810 522,810
26 Total expenses and disbursements. Add lines 24 and 25 528,614 5,804   522,810
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -428,076
b Net investment income (if negative, enter -0-) 94,735
c Adjusted net income (if negative, enter -0-)... 3
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,995    
2 Savings and temporary cash investments.......... 6,416    
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...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 169,728    
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)........... 248,937    
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) 428,076 0 0
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....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 426,626  
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,450  
30 Total net assets or fund balances (see page 17 of the
instructions).................... 428,076 0
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 428,076 0
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  
2 Enter amount from Part I, line 27a..................... 2  
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4  
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  
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a ABM Inds Inc P 2010-08-13 2011-06-10
b Analog Devices Inc P 2011-03-09 2011-06-10
c Best Buy Inc P 2010-09-09 2011-03-25
d Best Buy Inc P 2010-09-09 2011-03-28
e Best Buy Inc P 2010-09-09 2011-03-30
Best Buy Inc P 2010-09-09 2011-03-31
Best Buy Inc P 2010-09-09 2011-04-01
CACI Intl Inc CL A P 2010-07-16 2011-06-10
Equifax Inc P 2011-01-20 2011-06-10
Guess Inc P 2010-07-16 2011-06-10
Intel Corp P 2010-07-16 2011-06-10
Kaydon Corp P 2011-04-12 2011-06-10
Kohls Corp P 2011-03-10 2011-06-10
Merck & Co Inc P 2010-08-16 2011-06-10
Novartis AG P 2011-04-08 2011-06-10
Occidental Pete Corp P 2011-05-05 2011-06-10
Pepsico Inc P 2010-06-29 2011-06-10
T. Rowe Price Growth Stock P 2011-05-17 2011-06-10
Qlogic Corp P 2010-12-07 2011-06-10
Sigma Aldrich Corp P 2010-08-25 2011-06-10
Snyders-Lance P 2010-09-21 2011-06-10
Standex Intl Corp P 2010-08-13 2011-06-10
Steris Corp P 2010-08-12 2011-06-10
Syntel Inc P 2010-06-22 2011-06-10
TJX Cos Inc P 2010-06-29 2011-06-10
Templeton Inst Foreign Equity Fd P 2011-05-10 2011-06-10
Valueclick Inc P 2011-02-16 2011-06-10
Xilinx Inc P 2010-10-14 2011-06-10
Bunge Limited P 2009-07-24 2011-06-10
Alcon Inc P 2009-07-24 2011-04-08
ABM Inds Inc P 2010-06-04 2011-06-10
Abbott Labs P 2009-07-24 2011-06-10
Chase Growth Fund P 2004-03-31 2011-05-17
Chsee Growth Fund P 2003-02-28 2011-06-10
Alberto Culver P 2009-07-24 2011-05-11
Allergan Inc P 2009-07-24 2011-06-10
Allete Inc P 2009-07-24 2011-06-10
American Eagle Outfitters P 2009-07-24 2011-06-10
American Finl Group Inc P 2009-07-24 2011-06-10
Amsurg Corp P 2009-07-24 2011-06-10
Apache Corp P 2009-07-24 2011-06-10
Avnet Inc P 2009-07-24 2011-06-10
BJs Wholesale Club Inc P 2009-07-24 2011-06-10
BMC Software Inc P 2009-07-24 2011-06-10
Badger Meter Inc P 2009-07-24 2011-06-10
Baker Hughes Inc P 2009-07-24 2011-06-10
Bard CR Inc P 2009-07-24 2011-06-10
Baxter Intl Inc P 2009-07-24 2011-06-10
Becton Dickinson & Co P 2009-07-24 2011-06-10
Best Buy Inc P 2009-07-24 2011-03-25
Best Buy Inc P 2009-07-24 2011-03-28
Best Buy Inc P 2009-07-24 2011-03-30
Best Buy Inc P 2009-07-24 2011-03-31
Best Buy Inc P 2009-07-24 2011-04-01
Brady Corp CL A P 2009-07-24 2011-06-10
Bristol Myers Squibb Co P 2009-07-24 2011-06-10
CACI Intl Inc CL A P 2009-07-24 2011-06-10
Campbell Soup Co P 2009-07-24 2011-06-10
CARBO Ceramics Inc P 2009-07-24 2011-01-05
CARBO Ceramics Inc P 2009-07-24 2011-01-11
Caseys Gen Stores Inc P 2009-07-24 2011-06-10
CenturyLink Inc P 2009-07-24 2011-02-16
Church & Dwight Inc P 2009-07-24 2011-06-10
Clorox Co P 2009-07-24 2011-06-10
Coach Inc P 2009-07-24 2011-06-10
ConocoPhillips P 2009-07-24 2011-06-10
Cubic Corp P 2009-07-24 2011-06-10
DST Sys Inc P 2009-07-24 2011-06-10
Darden Restaurants Inc P 2009-07-24 2011-06-10
Dentsply Intl P 2009-07-24 2011-06-10
Dionex Corp P 2009-07-24 2011-05-17
EQT Corp P 2009-07-24 2011-06-10
Emerson Elec Co P 2009-07-24 2011-06-10
Empire Dist Elec Co P 2009-07-24 2011-06-10
Family Dlr Stores Inc P 2009-07-24 2011-06-10
Fluor Corp P 2009-07-24 2011-02-23
Flowserve Corp P 2010-01-22 2011-06-10
GMO Foreign Fund IV P 2002-10-01 2011-05-10
Gallagher Arthur J & Co P 2009-07-24 2011-06-10
Gardner Denver Inc P 2009-07-24 2011-06-10
Glacier Bancorp Inc P 2009-07-24 2011-06-10
Global Pmts Inc P 2009-07-24 2011-06-10
Graco Inc P 2009-07-24 2011-06-10
Guess Inc P 2010-06-04 2011-06-10
Hawaiian Elec Industries P 2009-07-24 2011-06-10
Heinz HJ Co P 2009-07-24 2011-06-10
Helmerich & Payne Inc P 2009-07-24 2011-06-10
Honeywell Intl Inc P 2009-07-24 2011-06-10
Horace Mann Educators Corp P 2009-07-24 2011-06-10
Hormel Foods Corp P 2009-07-24 2011-06-10
Intel Corp P 2009-07-24 2011-06-10
Johnson & Johnson P 2009-07-24 2011-06-10
Johnson Ctls Inc P 2009-07-24 2011-06-10
Kaydon Corp P 2009-07-24 2011-06-10
Kellogg Co P 2009-07-24 2011-06-10
Kimberly Clark Corp P 2009-07-24 2011-06-10
Kraft Foods Inc CL A P 2009-07-24 2011-06-10
Laboratory Corp Amer Holdings P 2009-07-24 2011-06-10
Landauer Inc P 2009-07-24 2011-06-10
Lockheed Martin Corp P 2009-07-24 2011-06-10
Lowes Cos Inc P 2009-07-24 2011-06-10
Matthews Intl Corp CL A P 2009-07-24 2011-06-10
McAfee Inc P 2009-07-24 2011-03-01
McCormick & Co Inc P 2009-07-24 2011-06-10
McGraw Hill Cos Inc P 2009-07-24 2011-06-10
Merck & Co Inc P 2009-07-24 2011-06-10
Microchip Technology P 2009-07-24 2011-06-10
Murphy Oil Corp P 2009-07-24 2011-06-10
Nextera Energy Inc P 2009-07-24 2011-06-10
Nordson Corp P 2009-07-24 2011-06-10
Occidental Pete Corp P 2009-07-24 2011-06-10
Omnicom Group Inc P 2009-07-24 2011-06-10
Oracle Corp P 2009-07-24 2011-06-10
Otter Tail Corp P 2009-07-24 2011-06-10
Owens & Minor Inc P 2009-07-24 2011-06-10
Park Electrochemical Corp P 2009-07-24 2011-06-10
Patterson Companies Inc P 2009-07-24 2011-06-10
Paychex Inc P 2010-04-16 2011-06-10
Pepsico Inc P 2009-07-24 2011-06-10
Pfizer Inc P 2009-07-24 2011-06-10
Pharmaceutical Prod Dev P 2009-07-24 2011-06-10
Piedmont Nat Gas P 2009-07-24 2011-06-10
Pricesmart Inc P 2009-07-24 2011-06-10
Qlogic Corp P 2009-07-24 2011-06-10
Quality Sys P 2009-07-24 2011-06-10
Raymond James Financial P 2009-07-24 2011-06-10
Royal Dutch Shell PLC ADR B P 2010-05-06 2011-06-10
SWS Group Inc P 2009-07-24 2011-02-09
SWS Group Inc P 2009-07-24 2011-02-16
Schein Henry Inc P 2009-07-24 2011-06-10
Sensient Technologies Corp P 2009-07-24 2011-06-10
Skywest Inc P 2009-07-24 2011-06-10
Smucker JM Co P 2009-07-24 2011-06-10
Southern Copper Corp P 2009-07-24 2011-06-10
Syntel Inc P 2009-07-24 2011-06-10
Sysco Corp P 2009-07-24 2011-06-10
Techne Corp P 2009-07-24 2011-06-10
Thermo Fisher Scientific P 2009-07-24 2011-06-16
Tidewater Inc P 2009-07-24 2011-06-10
Tiffany & Co P 2009-07-24 2011-06-10
Tim Horton's Inc P 2009-07-24 2011-06-10
Touchstone Intermediate Fixed Income Fund P 2003-12-31 2011-06-10
United Nat Foods Inc P 2009-07-24 2011-06-10
United Parcel Service Inc CL B P 2009-07-24 2011-06-10
Valley Natl Bancorp P 2009-07-24 2011-05-04
Valley Natl Bancorp P 2009-07-24 2011-05-31
Wolverine World Wide Inc P 2009-07-24 2011-06-10
World Fuel Svcs Corp P 2009-07-24 2011-06-10
Xilinx Inc P 2009-07-24 2011-06-10
(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 812 0 747 65
b 1,705 0 1,724 -19
c 467 0 530 -63
d 796 0 895 -99
e 704 0 795 -91
833 0 961 -128
1,062 0 1,228 -166
1,083 0 784 299
1,999 0 2,029 -30
1,329 0 1,074 255
43 0 42 1
2,729 0 3,089 -360
3,509 0 3,748 -239
1,172 0 1,148 24
2,312 0 2,114 198
415 0 424 -9
1,932 0 1,774 158
28,738 0 30,000 -1,262
1,326 0 1,509 -183
4,079 0 3,123 956
1,153 0 1,196 -43
4,047 0 3,319 728
3,090 0 2,731 359
511 0 344 167
749 0 630 119
23,846 0 25,100 -1,254
2,630 0 2,592 38
2,602 0 2,020 582
1,429 0 1,471 -42
2,220 0 1,663 557
1,734 0 1,642 92
1,485 0 1,305 180
30,000 0 24,508 5,492
104,762 0 69,534 35,228
1,575 0 1,075 500
2,386 0 1,654 732
1,603 0 1,329 274
1,344 0 1,577 -233
2,043 0 1,464 579
1,649 0 1,388 261
1,895 0 1,276 619
1,668 0 1,308 360
1,536 0 1,119 417
3,291 0 2,242 1,049
971 0 1,038 -67
1,465 0 760 705
2,294 0 1,502 792
1,852 0 1,749 103
3,408 0 2,975 433
87 0 110 -23
177 0 219 -42
146 0 183 -37
172 0 219 -47
201 0 256 -55
1,196 0 1,055 141
1,904 0 1,477 427
1,925 0 1,451 474
1,422 0 1,282 140
1,727 0 688 1,039
1,515 0 607 908
2,140 0 1,482 658
2,280 0 1,621 659
2,252 0 1,647 605
1,266 0 1,134 132
2,851 0 1,407 1,444
2,152 0 1,367 785
1,029 0 841 188
1,007 0 910 97
1,417 0 1,006 411
1,556 0 1,284 272
2,489 0 1,354 1,135
1,959 0 1,385 574
2,156 0 1,546 610
998 0 986 12
2,217 0 1,307 910
1,438 0 1,121 317
4,336 0 3,801 535
25,296 0 29,372 -4,076
1,478 0 1,178 300
3,328 0 1,203 2,125
852 0 977 -125
1,600 0 1,355 245
2,176 0 1,129 1,047
685 0 582 103
1,244 0 914 330
2,020 0 1,473 547
2,588 0 1,433 1,155
2,947 0 1,801 1,146
1,091 0 859 232
2,852 0 1,806 1,046
2,098 0 1,899 199
1,984 0 1,844 140
1,716 0 1,198 518
977 0 1,065 -88
2,220 0 2,004 216
2,077 0 1,857 220
1,259 0 1,040 219
2,013 0 1,440 573
1,173 0 1,413 -240
1,236 0 1,185 51
940 0 924 16
1,095 0 908 187
1,536 0 1,415 121
2,332 0 1,613 719
858 0 683 175
1,314 0 998 316
1,926 0 1,433 493
1,754 0 1,582 172
1,167 0 1,261 -94
4,171 0 1,868 2,303
2,177 0 1,521 656
1,686 0 1,263 423
2,010 0 1,429 581
766 0 923 -157
1,322 0 1,194 128
1,770 0 1,533 237
1,704 0 1,279 425
1,795 0 1,602 193
2,002 0 1,653 349
2,159 0 1,747 412
988 0 712 276
1,232 0 1,050 182
2,304 0 862 1,442
987 0 856 131
2,582 0 1,760 822
2,139 0 1,286 853
2,585 0 1,981 604
262 0 649 -387
129 0 310 -181
2,900 0 2,117 783
1,858 0 1,304 554
780 0 630 150
2,333 0 1,648 685
1,311 0 1,076 235
2,044 0 1,472 572
1,463 0 1,106 357
3,921 0 3,203 718
2,015 0 1,420 595
1,697 0 1,572 125
2,295 0 956 1,339
1,864 0 1,134 730
134,568 0 125,524 9,044
1,702 0 1,100 602
1,098 0 854 244
5 0 4 1
662 0 582 80
1,779 0 1,130 649
1,936 0 1,201 735
1,401 0 902 499
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 0 0 0 65
b 0 0 0 -19
c 0 0 0 -63
d 0 0 0 -99
e 0 0 0 -91
0 0 0 -128
0 0 0 -166
0 0 0 299
0 0 0 -30
0 0 0 255
0 0 0 1
0 0 0 -360
0 0 0 -239
0 0 0 24
0 0 0 198
0 0 0 -9
0 0 0 158
0 0 0 -1,262
0 0 0 -183
0 0 0 956
0 0 0 -43
0 0 0 728
0 0 0 359
0 0 0 167
0 0 0 119
0 0 0 -1,254
0 0 0 38
0 0 0 582
0 0 0 -42
0 0 0 557
0 0 0 92
0 0 0 180
0 0 0 5,492
0 0 0 35,228
0 0 0 500
0 0 0 732
0 0 0 274
0 0 0 -233
0 0 0 579
0 0 0 261
0 0 0 619
0 0 0 360
0 0 0 417
0 0 0 1,049
0 0 0 -67
0 0 0 705
0 0 0 792
0 0 0 103
0 0 0 433
0 0 0 -23
0 0 0 -42
0 0 0 -37
0 0 0 -47
0 0 0 -55
0 0 0 141
0 0 0 427
0 0 0 474
0 0 0 140
0 0 0 1,039
0 0 0 908
0 0 0 658
0 0 0 659
0 0 0 605
0 0 0 132
0 0 0 1,444
0 0 0 785
0 0 0 188
0 0 0 97
0 0 0 411
0 0 0 272
0 0 0 1,135
0 0 0 574
0 0 0 610
0 0 0 12
0 0 0 910
0 0 0 317
0 0 0 535
0 0 0 -4,076
0 0 0 300
0 0 0 2,125
0 0 0 -125
0 0 0 245
0 0 0 1,047
0 0 0 103
0 0 0 330
0 0 0 547
0 0 0 1,155
0 0 0 1,146
0 0 0 232
0 0 0 1,046
0 0 0 199
0 0 0 140
0 0 0 518
0 0 0 -88
0 0 0 216
0 0 0 220
0 0 0 219
0 0 0 573
0 0 0 -240
0 0 0 51
0 0 0 16
0 0 0 187
0 0 0 121
0 0 0 719
0 0 0 175
0 0 0 316
0 0 0 493
0 0 0 172
0 0 0 -94
0 0 0 2,303
0 0 0 656
0 0 0 423
0 0 0 581
0 0 0 -157
0 0 0 128
0 0 0 237
0 0 0 425
0 0 0 193
0 0 0 349
0 0 0 412
0 0 0 276
0 0 0 182
0 0 0 1,442
0 0 0 131
0 0 0 822
0 0 0 853
0 0 0 604
0 0 0 -387
0 0 0 -181
0 0 0 783
0 0 0 554
0 0 0 150
0 0 0 685
0 0 0 235
0 0 0 572
0 0 0 357
0 0 0 718
0 0 0 595
0 0 0 125
0 0 0 1,339
0 0 0 730
0 0 0 9,044
0 0 0 602
0 0 0 244
0 0 0 1
0 0 0 80
0 0 0 649
0 0 0 735
0 0 0 499
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 96,280
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 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 34,000 483,462 0.070326
2009 33,937 464,806 0.073013
2008 59,000 572,930 0.102979
2007 34,000 503,202 0.067567
2006 20,000 336,117 0.059503
2 Total of line 1, column (d) ...................... 2 0.373388
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 0.074678
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 434,217
5 Multiply line 4 by line 3....................... 5 32,426
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 947
7 Add lines 5 and 6......................... 7 33,373
8 Enter qualifying distributions from Part XII, line 4.............. 8 522,810
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: 2000-11-08(attach copy of letter if necessary–see instructions)
b 1 947
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............................ 3 947
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- ..... 5 947
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 0 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 947
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 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
Yes
 
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)bulletPA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRYN MAWR TRUST COMPANY Telephone no.bullet (717) 534-3225
    Located atbullet1 W CHOCOLATE AVE STE 200HERSHEYPA ZIP+4bullet17033
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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
    LOUISE HEPSCHMIDT Trustee
    2.00     		0 0 0
    HOMELAND CTR 1901 N FIFTH ST
    HARRISBURG,PA17102
    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 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............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 (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    220,007
    b
    Average of monthly cash balances.......................
    1b
    220,822
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    440,829
    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
    440,829
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    6,612
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    434,217
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,711
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    21,711
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    947
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    947
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    20,764
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    20,764
    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
    20,764
    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
    522,810
    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
    522,810
    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
    947
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    521,863
    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 20,764
    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....... 5,482
    b From 2007....... 5,382
    c From 2008....... 30,561
    d From 2009....... 10,886
    e From 2010....... 9,896
    fTotal of lines 3a through e......... 62,207
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 522,810
    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..... 20,764
    e Remaining amount distributed out of corpus 502,046
    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 5 564,253
    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) .............     		5,482
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		558,771
    10 Analysis of line 9:
    a Excess from 2007.... 5,382
    b Excess from 2008.... 30,561
    c Excess from 2009.... 10,886
    d Excess from 2010.... 9,896
    e Excess from 2011.... 502,046
    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).)
    LOUISE HEPSCHMIDT
    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.
    NONE
    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
    HOSPICE OF CENTRAL PA
    1320 LINGLESTOWN RD
    HARRISBURG,PA17110     		  Public Charitable 50,000
    HOMELAND CENTER
    1901 N FIFTH STREET
    HARRISBURG,PA17102     		  Public Charitable 100,000
    FRIENDS OF FORT HUNTER
    5300 N FRONT STREET
    HARRISBURG,PA17110     		  Public Charitable 50,000
    SALVATION ARMY
    PO BOX 2771
    HARRISBURG,PA17106     		  Public Charitable 47,810
    GIRLS SCOUTS IN THE HEART OF PA
    350 HALE AVE
    HARRISBURG,PA17105     		  Public Charitable 50,000
    FRIENDS OF WILDWOOD LK NATURE CTR
    100 WILDWOOD WAY
    HARRISBURG,PA17110     		  Public Charitable 50,000
    WITF INC
    4801 LINDLE RD
    HARRISBURG,PA17111     		  Public Chariable 50,000
    BETHESDA MISSION
    2101 N FRONT ST
    HARRISBURG,PA17110     		  Public Charitable 50,000
    HUMANE SOCIETY OF HARRISBURG AREA
    7790 GRAYSON RD
    HARRISBURG,PA17111     		  Public Charitable 25,000
    CENTRAL PA FOOD BANK
    3908 COREY ROAD
    HARRISBURG,PA17109     		  Public Charitable 50,000
    Total .................................bullet 3a 522,810
    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          
    4 Dividends and interest from securities....     14 4,259  
    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 96,279  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFee Reimbursement     14 219  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   100,757  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13100,757
    (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:  
    Part VI Line 7 - Tax Paid Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    THE HEP FOUNDATION
    EIN: 25-6716658
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Hershey Trust Co Tax Preparation 1,200 1,200    

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    THE HEP FOUNDATION
    EIN: 25-6716658
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ABM Inds Inc 2010-08 Purchased 2011-06   812 747     65  
    Analog Devices Inc 2011-03 Purchased 2011-06   1,705 1,724     -19  
    Best Buy Inc 2010-09 Purchased 2011-03   467 530     -63  
    Best Buy Inc 2010-09 Purchased 2011-03   796 895     -99  
    Best Buy Inc   Purchased 2011-03   704 795     -91  
    Best Buy Inc 2010-09 Purchased 2011-03   833 961     -128  
    Best Buy Inc 2010-09 Purchased 2011-04   1,062 1,227     -165  
    CACI Intl Inc 2010-07 Purchased 2011-06   1,083 784     299  
    Equifax Inc 2011-01 Purchased 2011-06   1,999 2,029     -30  
    Guess Inc 2010-07 Purchased 2011-06   1,329 1,074     255  
    Intel Corp 2010-07 Purchased 2011-06   43 42     1  
    Kaydon Corp 2011-04 Purchased 2011-06   2,729 3,089     -360  
    Kohls Corp 2011-03 Purchased 2011-06   3,509 3,748     -239  
    Merck & Co Inc 2010-08 Purchased 2011-06   1,172 1,148     24  
    Novartis AG 2011-04 Purchased 2011-06   2,312 2,114     198  
    Occidental Pete Corp 2011-05 Purchased 2011-06   415 424     -9  
    Pepsico Inc 2010-06 Purchased 2011-06   1,932 1,774     158  
    T. Rowe Price Growth Stock 2011-05 Purchased 2011-06   28,738 30,000     -1,262  
    Qlogic Corp 2010-12 Purchased 2011-06   1,326 1,509     -183  
    Sigma Aldrich Corp 2010-08 Purchased 2011-06   4,079 3,123     956  
    Snyders-Lance 2010-09 Purchased 2011-06   1,153 1,196     -43  
    Standex Intl Corp 2010-06 Purchased 2011-06   4,047 3,319     728  
    Steris Corp 2010-08 Purchased 2011-06   3,090 2,731     359  
    Syntel Corp 2010-06 Purchased 2011-06   511 344     167  
    TJX Cos Inc 2010-06 Purchased 2011-06   749 630     119  
    Templeton Ins Foreign Fund 2011-05 Purchased 2011-06   23,846 25,100     -1,254  
    Valueclick Inc 2011-02 Purchased 2011-06   2,630 2,592     38  
    Xilinx Inc 2010-10 Purchased 2011-06   2,602 2,020     582  
    Bunge Limited 2009-07 Purchased 2011-06   1,429 1,471     -42  
    Alcon Inc 2009-07 Purchased 2011-04   2,220 1,663     557  
    ABM Inds Inc 2009-07 Purchased 2011-06   1,734 1,642     92  
    Abbott Labs 2009-07 Purchased 2011-06   1,485 1,305     180  
    Chase Growth Fund 2004-03 Purchased 2011-05   30,000 24,508     5,492  
    Chase Growth Fund 2002-12 Purchased 2011-06   104,762 69,534     35,228  
    Alberto Culver Co 2009-07 Purchased 2011-05   1,575 1,075     500  
    Allergan Inc 2009-07 Purchased 2011-06   2,386 1,654     732  
    Allete Inc 2009-07 Purchased 2011-06   1,603 1,329     274  
    American Eagle Outfitters 2009-07 Purchased 2011-06   1,344 1,577     -233  
    American Finl Group 2009-07 Purchased 2011-06   2,043 1,464     579  
    Amsurg Corp 2009-07 Purchased 2011-06   1,649 1,388     261  
    Apache Corp 2009-07 Purchased 2011-06   1,895 1,276     619  
    Avnet Inc 2009-07 Purchased 2011-06   1,668 1,308     360  
    BJs Wholesale Club 2009-07 Purchased 2011-06   1,536 1,119     417  
    BMC Software Inc 2009-07 Purchased 2011-06   3,291 2,242     1,049  
    Badger Meter Inc 2009-07 Purchased 2011-06   971 1,038     -67  
    Baker Hughes Inc 2009-07 Purchased 2011-06   1,465 760     705  
    Bard CR Inc 2009-07 Purchased 2011-06   2,294 1,502     792  
    Baxter Intl Inc 2009-07 Purchased 2011-06   1,852 1,749     103  
    Becton Dickinson & Co 2009-07 Purchased 2011-06   3,408 2,975     433  
    Best Buy Inc 2009-07 Purchased 2011-03   87 110     -23  
    Best Buy Inc 2009-07 Purchased 2011-03   177 219     -42  
    Best Buy Inc 2009-07 Purchased 2011-03   146 183     -37  
    Best Buy Inc 2009-07 Purchased 2011-03   172 219     -47  
    Best Buy Inc 2009-07 Purchased 2011-04   201 256     -55  
    Brady Corp Cl A 2009-07 Purchased 2011-06   1,196 1,055     141  
    Bristol Myers Squibb 2009-07 Purchased 2011-06   1,904 1,477     427  
    CACI Intl Inc CL A 2009-07 Purchased 2011-06   1,925 1,451     474  
    Campbell Soup Co 2009-07 Purchased 2011-06   1,422 1,282     140  
    Carbo Ceramics Inc 2009-07 Purchased 2011-01   1,727 688     1,039  
    Carbo Ceramics Inc 2009-07 Purchased 2011-01   1,515 607     908  
    Casey's Gen Stores Inc 2009-07 Purchased 2011-06   2,140 1,482     658  
    Centurylink Inc 2009-07 Purchased 2011-02   2,280 1,621     659  
    Church & Dwight Inc 2009-07 Purchased 2011-06   2,252 1,647     605  
    Clorox Co 2009-07 Purchased 2011-06   1,266 1,134     132  
    Coach Inc 2009-07 Purchased 2011-06   2,851 1,407     1,444  
    ConocoPhillips 2009-07 Purchased 2011-06   2,152 1,367     785  
    Cubic Corp 2009-07 Purchased 2011-06   1,029 841     188  
    DST Sys Inc 2009-07 Purchased 2011-06   1,007 910     97  
    Darden Restaurants Inc 2009-07 Purchased 2011-06   1,417 1,006     411  
    Dentsply Intl Inc 2009-07 Purchased 2011-06   1,556 1,284     272  
    Dionex Corp 2009-07 Purchased 2011-05   2,489 1,354     1,135  
    EQT Corp 2009-07 Purchased 2011-06   1,959 1,385     574  
    Emerson Elec Co 2009-07 Purchased 2011-06   2,156 1,546     610  
    Empire Dist Elec Co 2009-07 Purchased 2011-06   998 986     12  
    Family Dlr Stores 2009-07 Purchased 2011-06   2,217 1,307     910  
    Fluor Corp 2009-07 Purchased 2011-02   1,438 1,121     317  
    Flowserve Corp 2010-01 Purchased 2011-06   4,336 3,801     535  
    GMO Foreign Fund IV 2002-10 Purchased 2011-05   25,296 29,372     -4,076  
    Gallagher Arthur J & Co 2009-07 Purchased 2011-06   1,478 1,178     300  
    Gardner Denver Inc 2009-07 Purchased 2011-06   3,328 1,203     2,125  
    Glacier Bancorp Inc 2009-07 Purchased 2011-06   852 977     -125  
    Global Pmts Inc 2009-07 Purchased 2011-06   1,600 1,355     245  
    Graco Inc 2009-07 Purchased 2011-06   2,176 1,129     1,047  
    Guess Inc 2010-06 Purchased 2011-06   685 582     103  
    Hawaiian Elec Industries 2009-07 Purchased 2011-06   1,244 914     330  
    Heinz HJ Co 2009-07 Purchased 2011-06   2,020 1,473     547  
    Helmerich & Payne Inc 2009-07 Purchased 2011-06   2,588 1,433     1,155  
    Honeywell Intl Inc 2009-07 Purchased 2011-06   2,947 1,801     1,146  
    Horace Mann Educators 2009-07 Purchased 2011-06   1,091 859     232  
    Hormel Foods Corp 2009-07 Purchased 2011-06   2,852 1,806     1,046  
    Intel Corp 2009-07 Purchased 2011-06   2,098 1,899     199  
    Johnson & Johnson 2009-07 Purchased 2011-06   1,984 1,844     140  
    Johnson Ctls Inc 2009-07 Purchased 2011-06   1,716 1,198     518  
    Kaydon Corp 2009-07 Purchased 2011-06   977 1,065     -88  
    Kellogg Corp 2010-03 Purchased 2011-06   2,219 2,004     215  
    Kimberly Clark 2009-07 Purchased 2011-06   2,077 1,857     220  
    Kraft Foods Inc Cl A 2009-07 Purchased 2011-06   1,259 1,040     219  
    Laboratory Corp Amer Hldgs 2009-07 Purchased 2011-06   2,013 1,440     573  
    Landauer Inc 2009-07 Purchased 2011-06   1,173 1,413     -240  
    Lockheed Martin Corp 2009-07 Purchased 2011-06   1,236 1,185     51  
    Lowes Cos Inc 2009-07 Purchased 2011-06   940 924     16  
    Matthews Intl Corp Cl A 2009-07 Purchased 2011-06   1,095 908     187  
    McAfee Inc 2009-07 Purchased 2011-03   1,536 1,415     121  
    McCormick & Co 2009-07 Purchased 2011-06   2,333 1,613     720  
    McGraw Hill Cos 2009-07 Purchased 2011-06   858 683     175  
    Merck & Co Inc 2009-07 Purchased 2011-06   1,314 998     316  
    Microchip Technology Inc 2009-07 Purchased 2011-06   1,926 1,433     493  
    Murphy Oil Corp 2009-07 Purchased 2011-06   1,754 1,582     172  
    Nextera Energy Inc 2009-07 Purchased 2011-06   1,167 1,262     -95  
    Nordson Corp 2009-07 Purchased 2011-06   4,171 1,868     2,303  
    Occidental Pete Corp 2009-07 Purchased 2011-06   2,177 1,521     656  
    Omnicom Group Inc 2009-07 Purchased 2011-06   1,686 1,263     423  
    Oracle Corp 2009-07 Purchased 2011-06   2,010 1,429     581  
    Otter Tail Corp 2009-07 Purchased 2011-06   766 923     -157  
    Owens & Minor Inc 2009-07 Purchased 2011-06   1,322 1,194     128  
    Park Electrochemical Corp 2009-07 Purchased 2011-06   1,770 1,533     237  
    Patterson Companies Inc 2009-07 Purchased 2011-06   1,704 1,279     425  
    Paychex Inc 2010-04 Purchased 2011-06   1,795 1,602     193  
    Pepsico Inc 2009-07 Purchased 2011-06   2,002 1,653     349  
    Pfizer Inc 2009-07 Purchased 2011-06   2,159 1,747     412  
    Pharmaceutical Prod Dev 2009-07 Purchased 2011-06   988 712     276  
    Piedmont Nat Gas Inc 2009-07 Purchased 2011-06   1,232 1,050     182  
    Pricesmart Inc 2009-07 Purchased 2011-06   2,304 862     1,442  
    Qlogic Corp 2009-07 Purchased 2011-06   987 856     131  
    Quality Sys Inc 2009-07 Purchased 2011-06   2,582 1,760     822  
    Raymond James Financial Inc 2009-07 Purchased 2011-06   2,139 1,286     853  
    Royal Dutch Shell PLC-Adr B 2010-05 Purchased 2011-06   2,585 1,981     604  
    SWS Group Inc 2009-07 Purchased 2011-02   262 649     -387  
    SWS Group Inc 2009-07 Purchased 2011-02   129 310     -181  
    Schein Henry Inc 2009-07 Purchased 2011-06   2,900 2,117     783  
    Sensient Technologies Corp 2009-07 Purchased 2011-06   1,858 1,304     554  
    Skywest Inc 2009-07 Purchased 2011-06   780 630     150  
    Smucker JM Co 2009-07 Purchased 2011-06   2,333 1,648     685  
    Southern Copper Corp 2009-07 Purchased 2011-06   1,311 1,076     235  
    Syntel Inc 2010-04 Purchased 2011-06   2,044 1,472     572  
    Sysco Corp 2009-07 Purchased 2011-06   1,463 1,106     357  
    Techne Corp 2009-07 Purchased 2011-06   3,921 3,203     718  
    Thermo Fisher Scientific Inc 2009-07 Purchased 2011-06   2,015 1,420     595  
    Tidewater Inc 2009-07 Purchased 2011-06   1,697 1,572     125  
    Tiffany & Co 2009-07 Purchased 2011-06   2,295 956     1,339  
    Tim Hortons, Inc 2009-07 Purchased 2011-06   1,864 1,134     730  
    Touchstone Intermediate Fixed Income Fund 2003-12 Purchased 2011-06   134,568 125,524     9,044  
    United Nat Foods Inc 2009-07 Purchased 2011-06   1,701 1,100     601  
    United Parcel Service Inc Cl B 2009-07 Purchased 2011-06   1,098 854     244  
    Valley Natl Bancorp 2009-07 Purchased 2011-05   5 4     1  
    Valley Natl Bancorp 2009-07 Purchased 2011-05   662 582     80  
    Wolverine World Wide Inc 2009-07 Purchased 2011-06   1,779 1,130     649  
    World Fuel Svcs Corp 2009-07 Purchased 2011-06   1,936 1,201     735  
    Xilinx Inc 2009-07 Purchased 2011-06   1,401 902     499  

    TY 2011 OtherIncomeSchedule2
    Name:
    THE HEP FOUNDATION
    EIN: 25-6716658
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Oth Inv Income      


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    THE HEP FOUNDATION
    EIN: 25-6716658
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Hershey Trust Co Investment Mgmt 2,057 2,057    
    Bryn Mawr Tr Co Investment Mgmt 2,468 2,468    


    TY 2011 TaxesSchedule
    Name:
    THE HEP FOUNDATION
    EIN: 25-6716658
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2010 990PF Excise Tx 69 69    
    Foreign Tax Withheld 10 10