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
FRED AND CHARLOTTE HUBBELL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)453 7TH STREET   Room/suite
City or town, state, and ZIP code
DES MOINES, IA50309
A Employer identification number

39-1878112
B Telephone number (see page 10 of the instructions)

(515) 245-2965
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$3,350,384J 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...... 116,632 91,060  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -500,730
b Gross sales price for all assets on line 6a 532,901
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 128    
12 Total. Add lines 1 through 11........ -383,970 91,060  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,861 10,931   10,931
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 375 188   188
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 580     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,816 11,119 0 11,119
25 Contributions, gifts, grants paid........ 584,748 584,748
26 Total expenses and disbursements. Add lines 24 and 25 607,564 11,119 0 595,867
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -991,534
b Net investment income (if negative, enter -0-) 79,941
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 96,511 63,059 63,059
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 530,667 Click to see attachment474,492 515,096
b Investments—corporate stock (attach schedule)........ 3,112,131 Click to see attachment2,254,372 2,533,176
c Investments—corporate bonds (attach schedule)........ 275,708 Click to see attachment231,538 239,053
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,015,017 3,023,461 3,350,384
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......... 1,462,284 3,023,461
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,552,733  
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,015,017 3,023,461
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,015,017 3,023,461
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 4,015,017
2 Enter amount from Part I, line 27a..................... 2 -991,534
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,023,483
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 22
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,023,461
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 266.37 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2005-6 CLASS A2   2008-12-22 2011-01-11
b 303.04 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-01-14
c 3383.35 MORGAN STANLEY CAPITAL I SERIES 2004-T15 CLASS A2 4.69% 06/13/   2008-03-26 2011-01-14
d 1285.26 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-01-18
e 12.6 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-01-18
544.29 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-01-19
471.87 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-01-19
1687.9 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-01-20
102. FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2011-01-25
399.88 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-01-25
23.1 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/203   2007-08-21 2011-01-25
1529.04 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408%   2008-06-18 2011-02-11
246.23 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-02-14
733.48 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-02-15
12.67 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-02-15
345.29 MORGAN STANLEY CAPITAL I SERIES 2004-T15 CLASS A2 4.69% 06/13/2   2008-03-26 2011-02-15
672.66 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-02-16
171.67 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-02-16
1291.43 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-02-21
79.9 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2011-02-25
284.32 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-02-25
23.27 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-02-25
5000. OHIO STATE HSG FIN AGY RESIDENTIAL MTG REV TAXABLE-MTG-BKD SECS   2008-09-18 2011-03-02
342.09 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-03-14
305.83 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-03-15
12.74 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-03-15
418.03 MORGAN STANLEY CAPITAL I SERIES 2004-T15 CLASS A2 4.69% 06/13/2   2008-03-26 2011-03-15
24720.98 MORGAN STANLEY CAPITAL I SERIES 2004-HQ4 CLASS A5 4.59% 04/14   2008-06-18 2011-03-15
783.18 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-03-16
858.58 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-03-16
1343.82 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-03-21
70.01 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-03-25
817.74 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-03-25
1083.64 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/   2007-08-21 2011-03-25
249.63 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-04-14
2149.25 MORGAN STANLEY CAPITAL I SERIES 2004-T15 CLASS A2 4.69% 06/13/   2008-03-26 2011-04-14
325.45 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-04-15
12.83 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-04-15
279.02 MORGAN STANLEY CAPITAL I SERIES 2004-HQ4 CLASS A5 4.59% 04/14/2   2008-06-18 2011-04-15
1023.82 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-04-18
173.42 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-04-18
1018.16 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-04-20
66.5 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2011-04-25
270.25 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-04-25
22.46 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-04-25
162.49 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2005-6 CLASS A2   2008-12-22 2011-05-11
442.24 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 0   2008-06-18 2011-05-11
781.19 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-05-16
12.9 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-05-16
2112.28 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS   2008-10-15 2011-05-16
1597.2 MORGAN STANLEY CAPITAL I SERIES 2004-T15 CLASS A2 4.69% 06/13/2   2008-03-26 2011-05-16
6315.9 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-05-17
191.65 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-05-17
965.19 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-05-20
66.29 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-05-25
305.24 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-05-25
22.68 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-05-25
5000. OHIO STATE HSG FIN AGY RESIDENTIAL MTG REV TAXABLE-MTG-BKD SECS   2008-09-18 2011-06-02
2192.87 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2005-6 CLASS A2   2008-12-22 2011-06-14
601.12 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-06-14
312.94 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-06-15
14.18 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-06-15
5519.47 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-06-16
491.35 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-06-16
875.38 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-06-20
84.27 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-06-27
555.2 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-06-27
22.79 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-06-27
281.76 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS A   2008-10-15 2011-07-14
419.44 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-07-15
13.98 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-07-15
1729.24 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-07-18
3027.27 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-07-18
1050.5 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-07-20
107.03 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.   1998-04-24 2011-07-25
352.77 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-07-25
23.05 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-07-25
800.53 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 0   2008-06-18 2011-08-11
769.95 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-08-15
13.13 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-08-15
2080.14 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS   2008-10-15 2011-08-15
1992.01 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-08-16
12394.62 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLAS   2010-11-08 2011-08-16
996.88 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-08-22
93.55 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-08-25
388.69 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-08-25
23.18 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-08-25
5000. OHIO STATE HSG FIN AGY RESIDENTIAL MTG REV TAXABLE-MTG-BKD SECS   2008-09-18 2011-09-02
1143.54 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2004-6 CLASS A3   2008-02-22 2011-09-13
1616.54 GREENWICH CAPITAL COMMERCIAL FUNDING COR SERIES 2002-C1 CLASS   2008-10-15 2011-09-14
872.96 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-09-15
13.22 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-09-15
5387.63 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-09-16
1606.83 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-09-16
926.07 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-09-20
95.4 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2011-09-26
367.84 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-09-26
23.31 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-09-26
93.58 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2004-6 CLASS A3 4   2008-02-22 2011-10-12
29300. INTERNATIONALE NEDERLANDEN GROEP N.V.-SP     2011-10-12
940.96 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-10-17
13.28 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-10-17
2646.63 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-10-18
1028.09 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-10-18
1020.95 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-10-20
95.77 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-10-25
650.4 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-10-25
27.2 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/203   2007-08-21 2011-10-25
290.86 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2004-6 CLASS A3   2008-02-22 2011-11-14
425.9 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 02   2008-06-18 2011-11-14
1450.71 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-11-15
13.37 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-11-15
1065.45 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-11-16
5598.13 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-11-16
1282.9 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-11-21
96.23 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-11-25
534.91 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-11-25
23.73 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-11-25
2000. COOK COUNTY ILLINOIS SCH DIST NO 148 DOLTON TAXABLE-LTD SCH-SER   2009-06-15 2011-12-02
4000. OHIO STATE HSG FIN AGY RESIDENTIAL MTG REV TAXABLE-MTG-BKD SECS   2008-09-18 2011-12-02
13340.24 BANC OF AMERICA COMMERCIAL MORTGAGE INC SERIES 2004-6 CLASS A   2008-02-22 2011-12-13
200. FRANKLIN RESOURCES INC   2006-12-21 2011-12-13
400. MOLEX INC CLASS A     2011-12-13
600. NATIONAL OILWELL VARCO INC   2006-12-21 2011-12-13
830. PAYCHEX INC     2011-12-13
200. TELEFLEX INC. COMMON STOCK   1998-06-11 2011-12-13
1874.99 FEDERAL HOME LOAN MORTGAGE SERIES 2685 CLASS VP 4% 10/15/2023   2010-03-09 2011-12-15
13.44 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION   1998-04-24 2011-12-15
1041.2 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2001-CIB3 CLASS   2008-02-22 2011-12-16
8800.61 JP MORGAN CHASE COMMERCIAL MORTGAGE SEC SERIES 2005-LDP1 CLASS   2010-11-08 2011-12-16
1469.02 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #   2003-08-07 2011-12-20
71.04 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2011-12-27
218.88 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2011-12-27
23.88 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2011-12-27
CAPITAL GAIN 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 266   230 36
b 303   286 17
c 3,383   3,312 71
d 1,285   1,321 -36
e 13   13  
544   546 -2
472   484 -12
1,688   1,654 34
102   100 2
400   404 -4
23   24 -1
1,529   1,529  
246   233 13
733   754 -21
13   13  
345   338 7
673   674 -1
172   176 -4
1,291   1,265 26
80   78 2
284   287 -3
23   24 -1
5,000   5,002 -2
342   323 19
306   314 -8
13   13  
418   409 9
24,721   23,892 829
783   785 -2
859   880 -21
1,344   1,317 27
70   69 1
818   825 -7
1,084   1,111 -27
250   236 14
2,149   2,104 45
325   334 -9
13   13  
279   270 9
1,024   1,026 -2
173   178 -5
1,018   997 21
67   65 2
270   273 -3
22   23 -1
162   140 22
442   442  
781   803 -22
13   13  
2,112   1,996 116
1,597   1,563 34
6,316   6,331 -15
192   196 -4
965   946 19
66   65 1
305   308 -3
23   23  
5,000   5,002 -2
2,193   1,895 298
601   568 33
313   322 -9
14   14  
5,519   5,533 -14
491   504 -13
875   858 17
84   83 1
555   560 -5
23   23  
282   266 16
419   431 -12
14   14  
1,729   1,733 -4
3,027   3,103 -76
1,051   1,029 22
107   105 2
353   356 -3
23   24 -1
801   801  
770   791 -21
13   13  
2,080   1,966 114
1,992   1,997 -5
12,395   12,704 -309
997   977 20
94   92 2
389   392 -3
23   24 -1
5,000   5,002 -2
1,144   1,072 72
1,617   1,528 89
873   897 -24
13   13  
5,388   5,401 -13
1,607   1,647 -40
926   907 19
95   93 2
368   371 -3
23   24 -1
94   88 6
247,390   767,660 -520,270
941   967 -26
13   13  
2,647   2,653 -6
1,028   1,054 -26
1,021   1,000 21
96   94 2
650   656 -6
27   28 -1
291   273 18
426   426  
1,451   1,491 -40
13   13  
1,065   1,068 -3
5,598   5,738 -140
1,283   1,257 26
96   94 2
535   540 -5
24   24  
2,000   1,984 16
4,000   4,001 -1
13,340   12,506 834
19,374   22,346 -2,972
8,052   7,855 197
42,787   18,826 23,961
24,742   33,232 -8,490
11,891   7,820 4,071
1,875   1,927 -52
13   13  
1,041   1,044 -3
8,801   9,021 -220
1,469   1,439 30
71   70 1
219   221 -2
24   24  
      773
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       36
b       17
c       71
d       -36
e        
      -2
      -12
      34
      2
      -4
      -1
       
      13
      -21
       
      7
      -1
      -4
      26
      2
      -3
      -1
      -2
      19
      -8
       
      9
      829
      -2
      -21
      27
      1
      -7
      -27
      14
      45
      -9
       
      9
      -2
      -5
      21
      2
      -3
      -1
      22
       
      -22
       
      116
      34
      -15
      -4
      19
      1
      -3
       
      -2
      298
      33
      -9
       
      -14
      -13
      17
      1
      -5
       
      16
      -12
       
      -4
      -76
      22
      2
      -3
      -1
       
      -21
       
      114
      -5
      -309
      20
      2
      -3
      -1
      -2
      72
      89
      -24
       
      -13
      -40
      19
      2
      -3
      -1
      6
      -520,270
      -26
       
      -6
      -26
      21
      2
      -6
      -1
      18
       
      -40
       
      -3
      -140
      26
      2
      -5
       
      16
      -1
      834
      -2,972
      197
      23,961
      -8,490
      4,071
      -52
       
      -3
      -220
      30
      1
      -2
       
       
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 -500,730
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 721,562 3,921,119 0.184019
2009 392,170 3,513,750 0.11161
2008 934,553 5,586,096 0.1673
2007 416,104 6,621,629 0.06284
2006 258,087 5,118,909 0.050418
2 Total of line 1, column (d) ...................... 2 0.576187
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 0.115237
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 3,844,963
5 Multiply line 4 by line 3....................... 5 443,082
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 799
7 Add lines 5 and 6......................... 7 443,881
8 Enter qualifying distributions from Part XII, line 4.............. 8 595,867
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 799
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............................ 3 799
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- ..... 5 799
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 748
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 748
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 51
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 taxBullet   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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIA
    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
    Yes
     
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbullet   Telephone no.bullet (515) 245-2965
    Located atbullet453 7TH STREETDES MOINESIA ZIP+4bullet50304
    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
     
    No
    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
    BANKERS TRUST COMPANY TRUSTEE
    40     		21,861    
    453 7TH STREET
    DES MOINES,IA50309
    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
    3,805,910
    b
    Average of monthly cash balances.......................
    1b
    97,606
    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
    3,903,516
    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
    3,903,516
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    58,553
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,844,963
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    192,248
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    192,248
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    799
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    799
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    191,449
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    191,449
    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
    191,449
    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
    595,867
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    595,867
    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
    799
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    595,068
    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 7 191,449
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 8,944
    b From 2007....... 91,921
    c From 2008....... 658,542
    d From 2009....... 218,598
    e From 2010....... 526,996
    fTotal of lines 3a through e......... 1,505,001
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 595,867
    a Applied to 2010, 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)...     		0
    d Applied to 2011 distributable amount..... 191,449
    e Remaining amount distributed out of corpus 404,418
    5 Excess distributions carryover applied to 2011. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,909,419
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		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 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		8,944
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		1,900,475
    10 Analysis of line 9:
    a Excess from 2007.... 91,921
    b Excess from 2008.... 658,542
    c Excess from 2009.... 218,598
    d Excess from 2010.... 526,996
    e Excess from 2011.... 404,418
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    M NUSSBAUMM-BELL
    453 7TH ST
    DES MOINES,IA50309
    (515) 245-2965
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DESCRIBING PURPOSE OF CONTRIBUTION OR GRANT, INCLUDING STATEMENT THE ORGANIZATION IS TAX-EXEMPT UNDER IRC 501(C)(3), THE AMOUNT REQUESTED, AND A DESCRIPTION OF PROGRAM.
    cAny submission deadlines:
    NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS OR LIMITATIONS
    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
    DES MOINES METRO OPERA
    106 W BOSTON AVE
    INDIANOLA,IA50125     		NONE EXEMPT LITERARY SUPPORT OF FINE ARTS 5,200
    IOWA ENVIRONMENTAL COUNCIL
    7031 DOUGLAS AVE
    DES MOINES,IA50322     		NONE EXEMPT SCIENTIFIC-IMPROVE ENVIRONMENT 27,500
    SCIENCE CENTER OF IOWA
    4500 GRAND AVE
    DES MOINES,IA50315     		NONE EXEMPT EDUCATIONAL SUPPORT TO COMMUNITY 3,500
    VARIETY CLUB OF IOWA
    505 5TH AVENUE
    DES MOINES,IA50309     		NONE EXEMPT CHARITABLE-MEDICAL AND PUBLIC SERVICE 5,000
    SIMPSON COLLEGE
    701 NORTH C AVE
    INDIANOLA,IA50125     		NONE EXEMPT EDUCATIONAL SUPPORT 260,000
    ST MARKS SCHOOL ANNUAL FUND
    25 MARLBOROUGH RD
    SOUTHBOROUGH,MA01772     		NONE EXEMPT EDUCATIONAL SUPPORT 1,500
    CIVIC CENTER OF GREATER DES MOINES
    221 WALNUT ST
    DES MOINES,IA50309     		NONE EXEMPT LITERARY SUPPORT OF THE FINE ARTS 4,000
    IOWA COLLEGE FOUNDATION
    505 5TH AVENUE STE 1034
    DES MOINES,IA50309     		NONE EXEMPT EDUCATION SUPPORT ORGANIZATION 2,250
    OAKRIDGE NEIGHBORHOOD
    1236 OAKRIDGE DR
    DES MOINES,IA50314     		NONE EXEMPT CHARITABLE SUPPORT FOR FAMILIES 15,000
    GREATER DES MOINES COMMUNITY
    FOUNDATION
    701 LOCUST ST
    DES MOINES,IA50309     		NONE EXEMPT HISTORIAL RESTORATION PROJECTS 31,100
    URBAN DREAMS
    1410 6TH AVENUE
    DES MOINES,IA50314     		NONE EXEMPT CHARITABLE YOUTH LEADERSHIP 7,000
    PLYMOUTH CONGREGATIONAL CHURCH
    4126 INGERSOLL AVE
    DES MOINES,IA50312     		NONE EXEMPT RELIGIOUS CHURCH SUPPORT 5,000
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE EXEMPT EDUCATIONAL SUPPORT FACILITY 7,000
    TULANE UNIVERSITY
    349 PRYTANIA ST
    NEW ORLEANS,LA70118     		NONE EXEMPT EDUCATIONAL SUPPORT FACILITIES 9,000
    IOWA PUBLIC TELEVISION
    6450 CORPORATE DRIVE
    JOHNSTON,IA50131     		NONE EXEMPT LITERACY SUPPORT OF FINE ARTS 2,000
    PLANNED PARENTHOOD OF GREATER IOWA
    PO BOX 4557
    DES MOINES,IA50306     		NONE EXEMPT CHARITABLE SUPPORT PUBLIC SERVICES 5,500
    IOWA NATURAL HERITAGE FOUNDATION
    600 E LOCUST ST
    DES MOINES,IA50309     		NONE EXEMPT EDUCATION PRESERVE NATURAL HERITAGE 2,500
    HOPE MINISTRIES
    PO BOX 862
    DES MOINES,IA50304     		NONE EXEMPT RELIGIOUS CHURCH SUPPORT 5,000
    DES MOINES ART CENTER
    4700 GRAND AVE
    DES MOINES,IA50312     		NONE EXEMPT LITERARY SUPPORT OF THE FINE ARTS 5,000
    ST JUDES CHILDRENS RESEARCH HOSPITAL
    ATTN MEMORIAL DEPARTMENT
    MEMPHIS,TN38105     		NONE EXEMPT CHARITABLE SUPPORT OF RESEACH FOR CURES 3,000
    IOWA POLICY PROJECT
    318 2ND AVE NORTH
    MT VERNON,IA52314     		NONE EXEMPT SCIENTIFIC PRESERVE OF NATURE 10,000
    DES MOINES PLAYHOUSE
    831 42ND ST
    DES MOINES,IA50314     		NONE EXEMPT EDUCATIONAL - SUPPORT OF THE ARTS 1,000
    HOYT SHERMAN PLACE FOUNDATION
    1501 WOODLAND AVE
    DES MOINES,IA50309     		NONE EXEMPT CHARITABLE - HISTORICAL BUILDING PRESERVATION 1,000
    DES MOINES PUBLIC LIBRARY FOUNDATION
    100 LOCUST ST
    DES MOINES,IA50309     		NONE EXEMPT EDUCATIONAL - GENERAL FUND 1,000
    BLANK PARK ZOO FOUNDATION
    3812 INGERSOLL AVE
    DES MOINES,IA50312     		NONE EXEMPT EDUCATIONAL - PRESERVATION OF WILDLIFE 5,100
    YOUTH HOMES OF MIDAMERICA
    7085 NW BEAVER AVE
    JOHNSTON,IA50131     		NONE EXEMPT EDUCATIONAL - CARE FOR TROUBLED YOUTH 200
    YMCA - GREATER DES MOINES
    101 LOCUST STREET
    DES MOINES,IA50309     		NONE EXEMPT CHARITABLE - HOUSING UNDER PRIVLEDGE PERSONS 250
    METRO ARTS ALLIANCE
    500 E LOCUST ST STE 207
    DES MOINES,IA50309     		NONE EXEMPT EDUCATIONAL - SUPPORT THE ARTS 500
    UNICEF
    333 E 38TH ST
    NEW YORK,NY10016     		NONE EXEMPT MEDICAL RESEARCH 1,000
    SALISBURY HOUSE
    4025 TONAWANDA DR
    DES MOINES,IA50312     		NONE EXEMPT HISTORICAL 7,500
    YOUTH EMERGENCY SERVICES SHELTER
    918 SE 11TH ST
    DES MOINES,IA50309     		NONE EXEMPT PROVIDE EMERG SERVICES FOR DISADVANTAGE YOUTH 1,000
    PRACTICAL FARMERS OF IOWA
    PO BOX 349
    AMES,IA50010     		NONE EXEMPT PROMOTE LAND CONSERVATION EDUCATION 5,000
    CENTRAL PARK CONSERVANCY
    14 E 60TH ST
    NEW YORK,NY10022     		NONE EXEMPT CARE AND CONSERVATION OF NY CENTRAL PARK 3,000
    HOSPICE OF CENTRAL IOWA
    401 RAILROAD PL
    W DES MOINES,IA50265     		NONE EXEMPT MEDICAL CARE FOR TERMINALLY ILL 100
    AMERICAN FORESTS
    PO BOX 2000
    WASHINGTON,DC20013     		NONE EXEMPT PROMOTION AND EDUCATION ON CONSERVATION ISSUE 2,000
    SIERRA CLUB
    85 SECOND ST 2ND FL
    SAN FRANCISCO,CA94105     		NONE EXEMPT ENVIRONMENTAL-INCREASE ENVIRONMENT AWARENESS 1,000
    IOWA PUBLIC RADIO
    IOWA STATE UNIVERSITY
    AMES,IA50011     		NONE EXEMPT EDUCATIONAL-UNIVERSITY SUPPORTED RADIO 3,000
    IOWA COUNCIL INTL UNDERSTANDING
    1000 WALNUT ST STE 1105
    DES MOINES,IA50309     		NONE EXEMPT CULTURAL-IMPROVING CULTURAL UNDERSTANDING 1,000
    BOYS AND GIRLS CLUBS-CENTRAL IOWA
    1350 EAST WASHINGTON AVE
    DES MOINES,IA50316     		NONE EXEMPT HUMANITARIAN-ASSIST AT RISK CHILDREN 8,000
    INTERNATIONAL RESCUE COMMITTEE
    122 EAST 42ND ST
    NEW YORK,NY10168     		NONE EXEMPT HUMANITARIAN-ASSISTING REFUGEES 1,000
    FOOD BANK OF IOWA
    2220 E 17TH ST
    DES MOINES,IA50316     		NONE EXEMPT HUMANITARIAN-PROVIDING FOOD FOR IMPOVERISH 2,000
    ANIMAL RESCUE LEAGUE
    5452 NE 22ND ST
    DES MOINES,IA50313     		NONE EXEMPT HUMANITARIAN-ASSISTING ANIMALS WITH CARE 790
    YOUNG WOMEN'S RESOURCE CENTER
    705 E 2ND ST
    DES MOINES,IA50309     		NONE EXEMPT SUPPORT WOMEN'S RESOURCES 1,000
    YAINIPD NETWORK
    460 WEST 34TH ST
    NEW YORK,NY10001     		NONE EXEMPT SUPPORT PEOPLE WITH DISABLITIES 1,000
    DES MOINES SYMPHONY
    221 WALNUT ST
    DES MOINES,IA50309     		NONE EXEMPT SUPPORT FINE ARTS 5,100
    DES MOINES PASTORAL COUNSELING CENTER
    2929 WESTOWN PARKWAY 110
    WEST DES MOINES,IA50266     		NONE EXEMPT COUNSELING FAMILIES 6,000
    FRICK COLLECTION
    1 EAST 70TH ST
    NEW YORK,NY10001     		NONE EXEMPT SUPPORT FINE ARTS 2,000
    FOUNDATION FOR TOMORROW
    PO BOX 470836
    CHARLOTTE,NC28247     		NONE EXEMPT SUPPORT UNDER PRIVILAGED CHILDREN 3,700
    THE HOMESTEAD FOUNDATION
    8272 NE UNIVERSITY
    PLEASANT HILL,IA50327     		NONE EXEMPT SUPPORT AUTISM 200
    WORLD WILDLIFE FUND INC
    1250 24TH ST NW
    WASHINGTON,DC20090     		NONE EXEMPT SUPPORT WILDLIFE 3,000
    WHITEROCK CONSERVANCY
    1390 HIGHWAY 141
    COON RAPIDS,IA50058     		NONE EXEMPT SUPPORT- PROTECTING NATURAL RESOURCES 1,000
    ANAWIM HOUSING FOUNDATION
    921 6TH AVE STE B
    DES MOINES,IA50309     		NONE EXEMPT PROVIDE HOUSING FOR UNDERPRIVLEDGED 2,500
    ASPCA FOUNDATION
    424 E 92ND ST
    NEW YORK,NY10128     		NONE EXEMPT PREVENTION OF CRUELTY TO ANIMALS 2,000
    COMMON CAUSE EDUCATION FUND
    1133 19TH ST NW
    WAHINGTON,DC20036     		NONE EXEMPT PROMOTE ACCOUNTABILITY IN GOVERNMENT 2,000
    CONSERVATION FUND
    1655 N FT MEYER DR
    ARLINGTON,VA22209     		NONE EXEMPT CONSERVE NATURAL RESOURCES 7,000
    COOPERATIVE ASSISTANCE FUND
    1432 U ST NW
    WASHINGTON,DC20009     		NONE EXEMPT COMMUNITY DEVELOPMENT FOR BUSINESSES 2,000
    DENVER MUSEUM OF NATURE AND SCIENCE
    2001 COLORADO BLVD
    DENVER,CO80205     		NONE EXEMPT PRESERVATION OF HISTORICAL EVENTS AND SCIENCE 4,000
    DES MOINES MUNICIPAL CEMETERIES
    4909 UNIVERSITY AVE
    DES MOINES,IA50311     		NONE EXEMPT RESORATION OF CEMETERIES FOR CITY 500
    DES MOINES SOCIAL CLUB
    1408 LOCUST ST
    DES MOINES,IA50309     		NONE EXEMPT PROMOTION OF ARTS IN DES MOINES 2,000
    ECHOING GREEN FOUNDATION
    494 EIGHTH AVE
    NEW YORK,NY10001     		NONE EXEMPT PROVIDING FOR FUTURE SOCIAL CHANGE 2,000
    HAWTHORN HILL FOUNDATION
    3001 GRAND AVE
    DES MOINES,IA50312     		NONE EXEMPT ASSISTING HOMELESS FAMILIES IN IOWA 1,000
    IOWA RIVERS REVIVAL FOUNDATION
    PO BOX 72
    DES MOINES,IA50301     		NONE EXEMPT PRESERVATION OF IOWA RIVERS 2,750
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVE
    NEW YORK,NY10028     		NONE EXEMPT PRESERVATION OF THE ARTS FOR FUTURE GENERNATI 2,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		NONE EXEMPT PRESERVATION OF WILDLIFE 1,100
    DES MOINES BOTANICAL CENTER
    909 ROBERT D RAY DR
    DES MOINES,IA50309     		NONE EXEMPT PROMOTING THE PRESERVATION OF NATURE 350
    GREATER DES MOINES MUSIC COALITION
    1620 PLEASANT ST SUITE 248
    DES MOINES,IA50314     		NONE EXEMPT CHARITABLE - CREATING MUSICAL DIVERSITY 1,500
    I HAVE A DREAM FOUNDATION
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE EXEMPT CHARITABLE - SUPPORT FUNDING OF COLLEGE 500
    IOWA CITIZENS FOR COMMUNITY IMPROVEMENT
    2001 FOREST AVENUE
    DES MOINES,IA50311     		NONE EXEMPT CHARITABLE - ADDRESS IOWA COMMUNITY CONCERNS 1,000
    ANGELMAN SYNDROME FOUNDATION
    4255 WESTBROOK DRIVE SUITE 219
    AURORA,IL60504     		NONE EXEMPT RESEARCH ANGELMAN SYNDROME 5,000
    CATHEDRAL CHURCH OF ST PAUL
    815 HIGH STREET
    DES MOINES,IA50309     		NONE EXEMPT CHURCH 100
    DENVER FOUNDATION
    55 MADISON ST
    DENVER,CO80206     		NONE EXEMPT COMMUNITY IMPROVEMENT 4,000
    FRIENDS OF CONSERVATION
    17-18 HAYWARDS PLACE
    LONDON,ENGLANDEC1ROEQ
    UK     		NONE EXEMPT PROTECTING ASIAN ELEPHANTS 1,500
    GREAT OUTDOORS FUND
    PO BOX 2
    GRANGER,IA50109     		NONE EXEMPT ENHANCING ENVIRONMENT & RECREATION 500
    LINK ASSOCIATES
    4301 NORTHEAST 14TH ST
    DES MOINES,IA50313     		NONE EXEMPT SUPPORT FOR MENTAL DISABILTIES 10,000
    NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE EXEMPT NATURE PRESERVATION 2,500
    ORCHARD PLACE DEVELOPMENT
    2116 GRAND AVENUE
    DES MOINES,IA50312     		NONE EXEMPT DEVELOPMENT OF YOUTH 500
    UNIVERSITY OF NORTH CAROLINA
    1400 SPRING GARDEN ST
    GREENSBORO,NC27412     		NONE EXEMPT EDUCATION 3,000
    WESLEY LIFE
    5508 NW 88TH ST
    JOHNSTON,IA50131     		NONE EXEMPT SENIOR LIVING 100
    MIDIOWA COUNCIL BOY SCOUTS OF
    AMERICA
    1659 E EUCLID AVE
    DES MOINES,IA50316     		NONE EXEMPT CONSTRUCTION OF SCOUT CENTER 10,000
    CHP 11-99 FOUNDATION
    2244 N STATE COLLEGE BLVD
    FULLERTON,CA92831     		NONE EXEMPT SCHOLARSHIP PROGRAM 2,500
    CHARM CITY CLINIC
    2222 JEFFERSON ST
    BALTIMORE,MD21205     		NONE EXEMPT MEDICAL ASSISTANCE FOR NEEDY 500
    CREATIVE VISIONS
    1343 13TH ST
    DES MOINES,IA50313     		NONE EXEMPT GENERAL ASSISTANCE TO DISADVANTAGE YOUTH 500
    DENVER BOTANICAL GARDENS
    1007 YORK STREET
    DENVER,CO80206     		EXEMPT EXEMPT HISTORICAL EDUCATION 200
    EARTH ISLAND INSTITUTE
    215 ALLSTON WAY
    BERKLEY,CA94704     		NONE EXEMPT ENVIRONMENTAL CONSERVATION 1,500
    ELEPHANT ENERGY
    4369 XAVIER ST
    DENVER,CO80212     		EXEMPT NONE ENVIRONMENTAL CONSERVATION 500
    EMPLOYEE FAMILY RESOURCES FOUNDATIO
    1446 MARTIN LUTHER KING PKWY
    DES MOINES,IA50314     		NONE EXEMPT ASSIST FAMILIES AT RISK 1,000
    FIRST UNITARIAN CHURCH
    1800 BELL AVE
    DES MOINES,IA50315     		NONE EXEMPT GENERAL FAMILIES ASSISTANCE 100
    HOUSE OF MERCY
    1055 6TH AVE
    DES MOINES,IA50314     		NONE EXEMPT ASSISTANCE TO BATTERED WOMEN 200
    IOWA HOMELESS YOUTH CENTERS
    1219 BUCHANAN ST
    DES MOINES,IA50312     		NONE EXEMPT HOMELESS YOUTH PROGRAMS 250
    IOWA LEGAL AID FOUNDATION
    1111 9TH ST
    DES MOINES,IA50317     		NONE EXEMPT PROVIDE LEGAL SERVICES TO NEEDY 2,500
    KCRW PUBLIC RADIO
    1900 PICO BLVD
    SANTA MONICA,CA90405     		NONE EXEMPT SPIRITUAL RADIO BROADCASTING 1,000
    MAKE A WISH FOUNDATION
    3024 104TH ST
    URBANDALE,IA50322     		NONE EXEMPT PROGRAMS FOR TERMINALLY ILL YOUTH 1,000
    MICROLUMBIA
    3022 BRAODWAY RM 203
    NEW YORK,NY10027     		NONE EXEMPT DEVELOP NEW BUSINESSES 2,000
    OKOBOJI FOUNDATION
    243 W BROADWAY ST
    ARNOLDS PARK,IA51355     		NONE NONE HISTORICAL RESTORATION AND PRESERVATION 5,000
    OPERATION SMILE
    6435 TIDEWATER DR
    NORFOLK,VA23509     		NONE EXEMPT DENTAL CARE FOR NEEDY 1,000
    WORLD VETS
    802 1ST AVE NORTH
    FARGO,ND58102     		NONE EXEMPT HUMANE TREATMENT OF ANIMALS 1,000
    USA FOR UNHCR
    1775 K STREET NW STE 290
    WASHINGTON,DC20006     		NONE EXEMPT ASSIST MISPLACED REFUGEES 1,000
    STATE HISTORICAL SOCIETY OF IOWA
    600 EAST LOCUST
    DES MOINES,IA50319     		NONE EXEMPT IOWA HISTORICAL PRESERVATION 1,000
    AMANDA FOUNDATION
    35 NORTH FOOTHILL RD
    BEVERLY HILLS,CA90210     		NONE EXEMPT DOGS AND CATS RESCUE 1,000
    KOMERA PROJECT
    161 E 110TH ST 7G
    NEW YORK,NY10029     		NONE EXEMPT EMPOWER WOMEN IN RWANDA 3,000
    NETHERLAND AMERICA FOUND
    82 WALL STREET STE 709
    NEW YORK,NY10005     		NONE EXEMPT HISTORICAL PRESERVATION 350
    PRINCIPAL CHARITY CLASSIC
    2771 104TH STE I
    URBANDALE,IA50322     		NONE EXEMPT ASSISTANCE TO AT RISK YOUTH 1,758
    Total .................................bullet 3a 584,748
    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....     14 116,632  
    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 -500,730  
    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)..   -383,970  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-383,970
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DEERE CO 6.95% 4/2014 25,686 28,420
    BOA COM MTG SER 2005-06 9/2047    
    BOA COM MTG SER 2004-6 12/2042 14,185 15,370
    GE CAP COM MTG 2005 7/2045 9,582 10,049
    GREENWICH CAP COMM FND 1/2017    
    GREENWICH CAP COMM FND 8/2042 14,342 15,166
    JP MORGAN COMM MTG SER 11/2035    
    MORGAN STANLEY CAP SER 6/2041    
    MORGAN STANLEY CAP SER 4/2040    
    SALOMON BROS MORT SEC 3/2036 24,413 25,230
    JP MORGAN COMM MTG SER 3/2046 67,315 66,483
    CAPITAL ONE FIN CO 7/2016 44,887 45,193
    FBL FIN GRP 3/2017 31,128 33,142

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 29,773 44,984
    COLONIAL PROPERTIES TRUST 54,219 38,591
    DEERE CO 12,668 46,410
    EMC CORPORATION 30,949 75,390
    EMERSON ELECTRIC 42,658 60,567
    EXXON MOBIL 18,450 42,380
    FELCOR LODGING 91,925 9,150
    GE CO 39,423 25,074
    HIGHWOODS PROPERTIES INC 79,781 74,175
    ING NV 697,300 190,921
    LINEAR TECHNOLOGY 15,939 30,030
    MACERICH CO 363,691 877,606
    MICROSOFT 26,490 25,960
    MOLEX INC A    
    POST PROPERTIES INC 60,838 65,580
    SCHLUMBERGER LTD 15,110 34,155
    TAUBMAN CENTERS INC 68,531 310,500
    TELEFLEX INC    
    TRANSOCEAN INC 15,996 5,336
    TOLL BROTHERS INC 7,538 8,168
    WALMART STORES INC 17,444 41,832
    TRAVELERS CO INC 32,525 35,502
    WILLIAMS CO INC 32,930 36,322
    WALGREEN CO 18,371 13,224
    ATT 30,782 40,068
    AUTODESK INC 12,155 9,099
    BANK OF AMERICA    
    BEST BUY CO 14,727 7,011
    DU PONT DE NEMOIRS 19,623 28,420
    FRANKLIN RESOURCES    
    JOHNSON JOHNSON 26,407 26,232
    NATIONAL OILWELL VARCO INC    
    NEWMONT MINING 18,178 24,004
    ORACLE CORP 24,136 35,910
    PAYCHEX INC    
    PEPSICO INC 25,330 26,540
    PROCTOR GAMBLE 32,034 33,355
    QUALCOMM INC 11,534 16,410
    QUEST DIAGNOSTICS INC 15,934 17,418
    SENIOR HOUSING PROP TRUST 31,799 32,538
    STATE STREET 33,800 20,155
    TARGET CORP 23,120 20,488
    APACHE CORP 19,944 21,739
    FISERV INC 14,449 16,741
    T ROWE PRICE 9,712 11,390
    US BANK 5,445 5,951
    ARCHER DANIELS MIDLAND CO 18,851 17,160
    FIRST INDUSTRIAL REALTY TRUST 93,863 30,690

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    US Government Securities - End of Year Book Value:

    328,209
    US Government Securities - End of Year Fair Market Value:

    364,689
    State & Local Government Securities - End of Year Book Value:


    146,283
    State & Local Government Securities - End of Year Fair Market Value:


    150,407


    TY 2011 OtherDecreasesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Description Amount
    ACCR INTEREST REC ADJUSTMENT 22


    TY 2011 OtherIncomeSchedule2
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (ALLOCABLE 375 188   188


    TY 2011 TaxesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN: 39-1878112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 19 0   0
    FEDERAL ESTIMATES - PRINCIPAL 561 0   0