Form990-PF
Click to see list of attachments

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 Kemper & Ethel Marley Fdn
 

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 10392   Room/suite
City or town, state, and ZIP code
Phoenix, AZ85064
A Employer identification number

86-0653091
B Telephone number (see page 10 of the instructions)

(602) 269-6081
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$208,781,740J 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) 1,052,880
2 Check bullet
3 Interest on savings and temporary cash investments 16,575 16,575 16,575
4 Dividends and interest from securities...... 2,353,221 2,353,221 2,353,221
5a Gross rents.............. 11,543 11,543 11,543
b Net rental income or (loss) 11,543
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 6,863,511
b Gross sales price for all assets on line 6a 44,174,951
7 Capital gain net income (from Part IV, line 2)... 6,669,959
8 Net short-term capital gain......... 3,019,564
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 -435,057 914,217  
12 Total. Add lines 1 through 11........ 9,862,673 9,965,515 5,400,903
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 82,587 44,569 44,569 38,018
16a Legal fees (attach schedule)......... Click to see attachment 24,338 24,067 24,067 271
b Accounting fees (attach schedule)....... Click to see attachment 177,611 124,410 124,410 53,201
c Other professional fees (attach schedule).... Click to see attachment 1,700,493 1,499,574 1,499,574 200,919
17 Interest............... 374,418 115 115 3
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 355,938 255,938 255,938  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,089 5,128 5,128 961
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 1,166,542 244,739 244,739 1,182
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,888,016 2,198,540 2,198,540 294,555
25 Contributions, gifts, grants paid........ 8,492,777 8,492,777
26 Total expenses and disbursements. Add lines 24 and 25 12,380,793 2,198,540 2,198,540 8,787,332
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,518,120
b Net investment income (if negative, enter -0-) 7,766,975
c Adjusted net income (if negative, enter -0-)... 3,202,363
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............... 7,800,552 1,938,828 1,938,828
2 Savings and temporary cash investments.......... 9,517,768 3,160,674 3,160,674
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   874    
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)   Click to see attachment1,092,732 1,091,742
b Investments—corporate stock (attach schedule)........ 109,595,636 Click to see attachment117,905,951 131,945,891
c Investments—corporate bonds (attach schedule)........ 5,000,000    
11 Investments—land, buildings, and equipment: basis bullet4,003,417
Less: accumulated depreciation (attach schedule) bullet   3,700,977 Click to see attachment4,003,417 40,297,209
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 13,172,675 Click to see attachment18,161,097 26,391,642
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,955,754 Click to see attachment3,955,754 Click to see attachment3,955,754
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 152,744,236 150,218,453 208,781,740
Liabilities 17 Accounts payable and accrued expenses.......... 24,597 16,934
18 Grants payable................... 8,392,141 9,525,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment1
23 Total liabilities (add lines 17 through 22).......... 8,416,738 9,541,935
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......... 141,203,530 142,256,410
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,123,968 -1,579,892
30 Total net assets or fund balances (see page 17 of the
instructions).................... 144,327,498 140,676,518
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 152,744,236 150,218,453
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)............... 1 144,327,498
2 Enter amount from Part I, line 27a..................... 2 -2,518,120
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 141,809,378
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,132,860
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 140,676,518
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 Various JPM Bond Fund-Partial Sale P 2011-01-01 2011-12-29
b Various JPM Bond Fund-LTCG Distrib P 2010-01-01 2011-12-16
c 10896 Caterpillar Stock P 2009-01-01 2011-07-27
d Various Time Square #233490-Long Term-Adj P 2011-01-01 2011-12-31
e Various Sterling #233510-Long Term-Adj P 2011-01-01 2011-12-31
Various Goldman #178350-Long Term-Adj P 2011-01-01 2011-12-31
Various Putnam K-1-Long Term P 2011-01-01 2011-12-31
Various Putnam K-1-Short Term P 2011-01-01 2011-12-01
Various Time Square #233490-Long Term P 2011-01-01 2011-12-31
Various Time Square #233490-Long Term P 2011-01-01 2011-12-31
Various Time Square #233490-Short Term P 2011-01-01 2011-12-01
Various Time Square #233490-Short Term P 2011-01-01 2011-12-01
Various Sterling #233510-Long Term P 2010-01-01 2011-12-31
Various Sterling #233510-Short Term P 2011-01-01 2011-12-01
Various Sterling #233510-Short Term P 2011-01-01 2011-12-01
Various Goldman #178350-Long Term P 2010-01-01 2011-12-31
Various Goldman #178350-Short Term P 2011-01-01 2011-12-01
Various Goldman #178350-Short Term P 2011-01-01 2011-12-01
Various Robeco-Boston #142000-Long Term P 2010-01-01 2011-12-31
Various Robeco-Boston #142000-Short Term P 2011-01-01 2011-12-01
Various Robeco-Boston #142000-Short Term P 2011-01-01 2011-12-01
(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 3,439     3,439
b 6,557     6,557
c 1,147,853   132,259 1,015,594
d 2,428     2,428
e     1,909 -1,909
    2,948 -2,948
956,870     956,870
    1,010,659 -1,010,659
5,601,873   3,871,137 1,730,736
37,364   45,167 -7,803
2,583,846   2,017,435 566,411
3,962,331   4,067,490 -105,159
6,585,555   4,924,882 1,660,673
2,252,851   1,755,904 496,947
3,644,793   3,286,926 357,867
4,332,623   4,303,375 29,248
704,942   743,308 -38,366
595,315   644,198 -48,883
6,399,569   5,461,246 938,323
3,414,080   3,122,337 291,743
1,676,900   1,848,050 -171,150
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       3,439
b       6,557
c       1,015,594
d       2,428
e       -1,909
      -2,948
      956,870
      -1,010,659
      1,730,736
      -7,803
      566,411
      -105,159
      1,660,673
      496,947
      357,867
      29,248
      -38,366
      -48,883
      938,323
      291,743
      -171,150
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 6,669,959
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 3,019,564
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 7,062,947 220,552,822 0.03202
2009 7,435,040 210,538,757 0.03531
2008 13,024,265 150,427,622 0.08658
2007 8,010,095 197,866,502 0.04048
2006 5,814,206 179,838,808 0.03233
2 Total of line 1, column (d) ...................... 2 0.22673
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 0.04535
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 220,838,711
5 Multiply line 4 by line 3....................... 5 10,014,152
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 77,670
7 Add lines 5 and 6......................... 7 10,091,822
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,787,333
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 1 155,340
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 155,340
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- ..... 5 155,340
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 350,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 350,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 444
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 194,216
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet194,216 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
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletAZ
    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 ofbulletThe Kemper&Ethel Marley Fdn Telephone no.bullet (602) 269-6081
    Located atbulletPO Box 10392PhoenixAZ ZIP+4bullet85064
    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
     
    No
    .........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
     
    No
    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
     
    No
    .........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
     
    No
    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
    Dan Corrigan VP
    10.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Stephen M Corrigan President
    10.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Nancy Elitharp Ball Treasurer&VP
    20.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Marley Management Company Invest;Acctg;Grants 539,173
    PO Box 10392
    Phoenix,AZ85064
    Goldman Sachs Money Manager 143,950
    32 Old Slip - 32nd Floor
    New York,NY10005
    Sterling Capital Management LLC Money Manager 252,447
    500 Airport BlSuite 100
    Burlingame,CA94010
    Putnam Investments Money Manager 288,264
    One Post Office Square
    Boston,MA02109
    TImes Square Capital Mgt Inc Money Manager 294,578
    Four TImes Square 25th Floor
    New York,NY10036
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 A Program Related Investment Loan was awarded to Great Hearts Academies {GHA}. GHA provides a K-12 preparatory academy through the charter school system. Charter is part of the public education system so there is no tuition for families. This allows many students the opportunity for this kind of education who could not afford a private preparatory academy. The PRI Loan terms are 3.5% for 5 years. The balance as of December 31, 2011 and December 31, 2010 was $3,953,517 and December 31, 2009 was $1,960,346. Interest of $138,373 was received in 2011. 1
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet1
    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
    146,233,171
    b
    Average of monthly cash balances.......................
    1b
    12,186,419
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    65,782,147
    d
    Total (add lines 1a, b, and c).........................
    1d
    224,201,737
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    224,201,737
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    3,363,026
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    220,838,711
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,041,936
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    11,041,936
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    155,340
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    155,340
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,886,596
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    10,886,596
    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
    10,886,596
    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
    8,787,332
    b
    Program-related investments—total from Part IX-B..................
    1b
    1
    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
    8,787,333
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,787,333
    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 10,886,596
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 8,484,043
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 8,787,333
    a Applied to 2010, but not more than line 2a 8,484,043
    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)...     		0
    d Applied to 2011 distributable amount..... 303,290
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		10,583,306
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    YWCA
    755 E Willetta St
    Phoenix,AZ85006     		None N/A Operating 100,000
    West Valley Fine Arts Council
    PO Box 754
    Litchfield Park,AZ85323     		None N/A Operating 93,250
    University of AZ Foundation
    1111 N Cherry Room 402
    Tucson,AZ85721     		None N/A Endowment 1,500,000
    United Food Bank
    245 S Nina Drive
    Mesa,AZ85210     		None N/A Operating 50,000
    UMOM New Day Centers Inc
    3333 E Van Buren St
    Phoenix,AZ85008     		None N/A Operating 50,000
    Tesseract Schools
    4800 E Doubletree Ranch Rd
    Paradise Valley,AZ85253     		None N/A Capital 500,000
    St Joseph's Foundation BNI
    350 W Thomas Rd
    Phoenix,AZ85013     		None N/A Capital 150,000
    The Sojourner Center
    PO Box 20156
    Phoenix,AZ85036     		None N/A Operating 100,000
    Sharlot Hall Museum
    415 W Gurley St
    Prescott,AZ86301     		None N/A Capital 25,000
    Seton Catholic High School
    1150 N DobsonRd
    Chandler,AZ85224     		None N/A Capital 172,320
    Seton Catholic High School
    1150 N Dobson Rd
    Chandler,AZ85224     		None N/A Capital 77,680
    Seton Catholic High School
    1150 N Dobson Rd
    Chandler,AZ85224     		None N/A Capital 250,000
    Scottsdale Cultural Council
    7380 E Second St
    Scottsdale,AZ85251     		None N/A Operating 88,900
    Ryan House
    PO Box 16234
    Phoenix,AZ85011     		None N/A Operating 100,000
    Rio Salado Town Lake Foundation
    PO Box 1737
    Tempe,AZ85280     		None N/A Capital 100,000
    Project Central
    820 E Cottonwood Lane
    Casa Grande,AZ85222     		None N/A Operating 100,000
    Phoenix Zoo
    455 N Galvin Parkway
    Phoenix,AZ85008     		None N/A Capital 600,000
    Phoenix Zoo
    455 N Galvin Parkway
    Phoenix,AZ85008     		None N/A Operating 75,000
    Phoenix Theatre
    100 E McDowell Rd
    Phoenix,AZ85004     		None N/A Capital 150,000
    Phoenix Theatre
    100 E McDowell Rd
    Phoenix,AZ85004     		None N/A Capital 100,000
    Phoenix Symphony
    455 N 3rd St 390
    Phoenix,AZ85004     		None N/A Operating 150,000
    Phoenix Children's Hospital
    1920 E Cambridge 200
    Phoenix,AZ85006     		None N/A Capital 400,000
    Mayo Foundation
    13400 E Shea Blvd
    Scottsdale,AZ85259     		None N/A Endowment 500,000
    Mayo Foundation
    13400 E Shea Blvd
    Scottsdale,AZ85259     		None N/A Capital 500,000
    Maricopa County Fair
    1826 W McDowell Rd
    Phoenix,AZ85007     		None N/A Operating 1,000
    Maggie's Place
    PO Box 1102
    Phoenix,AZ85001     		None N/A Capital 200,000
    ICAN
    201 S Washington St
    Chandler,AZ85225     		None N/A Capital 410,000
    Great Hearts Preparatory Academy
    3102 N 56th St 300
    Phoenix,AZ85018     		None N/A Capital 98,891
    Grand Canyon State Fencing Foundati
    1091 S Geronimo Road
    Apache,AZ85219     		None N/A Operating 50,000
    Town of Gilbert
    50 E Civic Center Dr
    Gilbert,AZ85296     		None N/A Operating 15,000
    George Phippen Memorial Foundation
    4701 Highway 89 North
    Prescott,AZ86301     		None N/A Capital 200,000
    Gabriels's Angels
    1550 E Maryland Ave 1
    Phoenix,AZ85014     		None N/A Operating 25,000
    Fresh Start Women's Foundation
    1130 E McDowell Rd
    Phoenix,AZ85006     		None N/A Operating 75,000
    Florence Crittenton Serv of AZ
    4820 N 7th Ave
    Phoenix,AZ85013     		None N/A Operating 50,000
    FFA Fdn AZ Agricultural Educ
    PO Box 33455
    Phoenix,AZ85067     		None N/A Operating 152,350
    Conference of SW Foundations
    6224 N Good-Latimer Expy 100
    Dallas,TX75204     		None N/A Operating 3,500
    Children's Museum of Phoenix
    PO Box 2439
    Phoenix,AZ85002     		None N/A Operating 50,000
    Brophy College Preparatory
    4701 N Central
    Phoenix,AZ85012     		None N/A Operating 25,000
    Boys Girls Club-Central AZ
    335 E Aubrey St
    Prescott,AZ86303     		None N/A Operating 50,000
    Benevilla
    16752 N Greasewood St
    Surprise,AZ85378     		None N/A Operating 50,000
    Banner Alzheimer's Foundation
    901 E Willetta St
    Phoenix,AZ85005     		None N/A Operating 250,000
    Ballet AZ
    3645 E Indian School Rd
    Phoenix,AZ85018     		None N/A Capital 250,000
    Ballet AZ
    3645 E Indian School Rd
    Phoenix,AZ85018     		None N/A Operating 75,000
    Backers of Ballet
    3801 E Shea Blvd
    Phoenix,AZ85028     		None N/A Operating 5,000
    AZ Rural Development Council
    PO Box 45439
    Phoenix,AZ85064     		None N/A Operating 25,000
    AZ National Livestock Show
    1826 W McDowell Rd
    Phoenix,AZ85007     		None N/A Operating 25,000
    AZ National Livestock Show
    1826 W McDowell Rd
    Phoenix,AZ85007     		None N/A Operating 15,000
    AZ National Livestock Show
    1826 W McDowell Rd
    Phoenix,AZ85007     		None N/A Operating 886
    AZ Histroical Society-Northern
    2340 N Fort Valley Rd
    Flagstaff,AZ86001     		None N/A Operating 3,000
    AZ Farm and Ranch Experience
    289 N Litchfield Road
    Goodyear,AZ85338     		None N/A Capital 140,000
    AZ Cattle Indst Research Education
    1401 N 24th St Suite4
    Phoenix,AZ85008     		None N/A Operating 10,000
    Association of AZ Food Banks
    2100 N Central Avenue 230
    Phoenix,AZ85004     		None N/A Operating 120,000
    Arizonans for Children Inc
    2435 E La Jolla Dr
    Tempe,AZ85828     		None N/A Operating 50,000
    Arizona Outdoor Adventures
    PO Box 969
    Eager,AZ85925     		None N/A Operating 15,000
    ARCS Foundation
    3104 E Camelback Rd 374
    Phoenix,AZ85016     		None N/A Operating 14,000
    ARCS Foundation
    3104 E Camelback Rd 374
    Phoenix,AZ85016     		None N/A Operating 7,000
    Actors Theatre
    PO Box 1924
    Phoenix,AZ85001     		None N/A Operating 100,000
    Total .................................bullet 3a 8,492,777
    bApproved for future payment
    Banner Alzheimer's Foundation
    901 E Willetta St
    Phoenix,AZ85006     		None N/A Operating 250,000
    Sharlot Hall Museum Foundation
    204 W Railroad Ave
    Williams,AZ86046     		None N/A Capital 75,000
    U of A Foundation
    1111 N Cherry Rm 402
    Tucson,AZ85721     		None N/A Endowment 3,000,000
    St Joseph's BNI
    3110 N Central Ave 135
    Phoenix,AZ85012     		None N/A Capital 150,000
    Sojourner Center
    PO Box 20156
    Phoenix,AZ85036     		None N/A Operating 200,000
    Phoenix Zoo
    455 N Galvin Parkway
    Phoenix,AZ85008     		None N/A Capital 400,000
    Phoenix Theatre
    100 East McDowell Road
    Phoenix,AZ85004     		None N/A Capital 250,000
    Mayo Foundation
    13400 E Shea Blvd
    Scottsdale,AZ85259     		None N/A Capital 4,500,000
    Fresh Start Women's Foundation
    1130 E McDowell Rd
    Phoenix,AZ85006     		None N/A Operating 50,000
    Ballet AZ
    3645 E Indian School Road
    Phoenix,AZ85018     		None N/A Capital 250,000
    AZ State Railroad Museum Fdn
    204 W Railroad Ave
    Williams,AZ86046     		None N/A Capital 400,000
    Total .................................bullet 3b 9,525,000
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 16,575  
    4 Dividends and interest from securities....     14 2,353,221  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 -450,574      
    bNot debt-financed property.....     16 11,543  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory 531120 193,552 18 6,669,959  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRent-McCartney     16    
    bRent-Dobbins     16    
    cPutnam-OtherK1Inc     14 544,072  
    dPutnam-Other PortfolioInc     14 231,772  
    eNon-Taxable Gain-DCL Int.     16    
    fNon-Tax Dividend-Sterling     14 12,700  
    gKEMF-Ranch-To990T 111000 -54,707      
    hGHA PRI Loan Interest     14 138,373  
    iEMOGT DCPV Hldgs-To 990T 531390 -53,568      
    jDCRnch-Res&SLGolf-990T 531120 -483,165      
    kCnynVillageDebtFin-To990T 531120 -319,960      
    12 Subtotal. Add columns (b), (d), and (e).. -1,168,422 9,978,215  
    13Total. Add line 12, columns (b), (d), and (e)..................
    138,809,793
    (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: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Marley Management 176,875 123,972 123,972 52,903
    Henry & Horne 736 438 438 298

    TY 2011 ContractorCompensationExpln
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Contractor Explanation
    TImes Square Capital Mgt Inc  
    Sterling Capital Management LLC  
    Putnam Investments  
    Marley Management Company  
    Goldman Sachs  

    TY 2011 GeneralExplanationAttachment
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Identifier Return Reference Explanation
        The Kemper and Ethel Marley Foundation elect to use a calendar year. Under the guidelines, a short year may occur by filing a short year as done here. {from March 1, 2010 - December 31, 2010)The Extension is approved through January 15, 2012 but the calendar year return with extensions is due November 15, 2011. This return is therefore filed by November 15, 2011.

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Goldman Sachs-Lg.Cap.Growth 13,520,533 17,005,203
    Times Square 22,498,642 30,165,211
    Sterling 25,032,890 23,727,201
    Putnam-International Equity 35,994,459 37,663,831
    Boston Partners-Equity 20,859,427 23,384,445

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    US Government Securities - End of Year Book Value:

    1,092,732
    US Government Securities - End of Year Fair Market Value:

    1,091,742
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsLandSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 4,003,417   4,003,417 40,297,209

    TY 2011 InvestmentsOtherSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Investment in Tuscano D&G FMV 2,076,470 1,963,795
    Investment in Hawes & Riggs FMV 1,445,535 1,445,535
    Investment in Everest Hastings FMV 741,229 895,000
    Investment in Next Cycle FMV 501,135 501,135
    Investment in Ventanna Ranch, LLC FMV 4,109,182 3,137,396
    Investment in McCartney Ranch, LLC FMV 4,681,668 3,949,630
    Investment in Dominion Creek LLC FMV 2,281,650 1,984,406
    Investment in MCCRML/MCC FMV 339,502 654,195
    Investment in DCL-CanyonVillage FMV 2,322,676  
    Investment in KEMF-DCL LLC FMV 2,238,578 2,376,936
    Investment in Park Villas&Golf Casitas FMV 266,613 144,309
    Investment in DMB Market Street FMV 2,843,141 2,070,576
    Marley Park - Deed of Trust FMV   7,268,729

    TY 2011 LegalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Fennemore Craig 24,338 24,067 24,067 271


    TY 2011 OtherAssetsSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI Loan-GHA 3,953,517 3,953,517 3,953,517
    Personal Property-AZ Historical Items 1,961 1,961 1,961
    Deposits 276 276 276


    TY 2011 OtherDecreasesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Description Amount
    Increase in Grants Payable 1,132,860


    TY 2011 OtherExpensesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Portfolio Deductions 142,911 142,911 142,911  
    Office Supplies 658 329 329 329
    NonDeduct CAT Stck Value Increment 920,621      
    Money Mgr.Acct Adj 6 6 6  
    LLC Portfolio Expenses 57,426 57,177 57,177 249
    Lincoln House Expenses 19,250 19,250 19,250  
    Licenses & Permits 45 23 23 22
    Insurance 5,009 5,009 5,009  
    Grazing Fee 16,823 16,823 16,823  
    Dues, Subs, Pubs 3,662 3,110 3,110 552
    Cell,Internet,Fax 60 30 30 30
    Bank Charges 71 71 71  


    TY 2011 OtherIncomeSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Rental Income - Noninvestment Property -450,574    
    Putnam-OtherK1Inc 544,072 544,072  
    Putnam-Other PortfolioInc 231,772 231,772  
    Non-Tax Dividend-Sterling 12,700    
    KEMF-Ranch-To990T -54,707    
    GHA PRI Loan Interest 138,373 138,373  
    EMOGT DCPV Hldgs-To 990T -53,568    
    DCRnch-Res&SLGolf-990T -483,165    
    CnynVillageDebtFin-To990T -319,960    


    TY 2011 OtherLiabilitiesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding   1


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Money Manager-Time Square 294,578 294,578 294,578 0
    Money Manager-Sterling 252,447 252,447 252,447 0
    Money Manager-Putnam 288,264 288,264 288,264 0
    Money Manager-Goldman Sachs 143,950 143,950 143,950 0
    Money Manager-Boston 137,709 137,709 137,709 0
    MMC Real Estate Mgt.-Jeff 72,461 72,461 72,461 0
    MMC Real Estate & Grant Mgt-SC&DC 116,182 60,977 60,977 55,205
    MMC RE & Grant Mgt-NB&Support 173,655 32,703 32,703 140,952
    MicroEdge Gifts-Grants Consultant 4,762 0 0 4,762
    JPM-Custodian Fees 137,957 137,957 137,957 0
    Everest Hldg-RE Consultant 40,528 40,528 40,528 0
    Callan-Consultant 38,000 38,000 38,000 0


    TY 2011 TaxesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN: 86-0653091
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Taxes-Real Estate 70,984 70,984 70,984  
    Payroll Taxes 11 11 11  
    Foreign Taxes Withheld on Dividends 184,943 184,943 184,943  
    Excise Taxes 100,000