TY 2011 Form 990

- TIN:

Form990

Department of the Treasury
Internal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

The organization may have to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0047

2011

Open to Public Inspection

A For the calendar year, or tax year beginning 01-01-2011 and ending 12-31-2011

BCheck if applicable: Address change Name change Initial return Terminated Amended return Application pending

CName of organization
LEGACY FUND INC

Doing Business As

Number and street (or P.O. box if mail is not delivered to street address)
515 EAST MAIN STREET

Room/suite

City or town, state or country, and ZIP + 4
CARMEL, IN46032

D Employer identification number

20-0900981

E Telephone number

G Gross receipts $ 20,164,260

F Name and address of principal officer:
TERRY W ANKER
515 EAST MAIN STREET SUITE 100
CARMEL,IN46032

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.CICF.ORG/LEGACY-FUND

H(a)

Is this a group return for
affiliates? Yes No

H(b)

Are all affiliates included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 2003

M State of legal domicile: IN

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: LEGACY FUND EXISTS TO IMPROVE HAMILTON COUNTY TODAY AND FOREVER. CHARITABLE ASSETS ARE BUILT TO SUPPORT EFFECTIVE CHARITABLE GROUPS WITH GRANTS AND PROVIDE LEADERSHIP TO ADDRESS COMMUNITY NEEDS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a).....	3	23
4	Number of independent voting members of the governing body (Part VI, line 1b) ....	4	23
5	Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...	5	25
6	Total number of volunteers (estimate if necessary) ....	6	23
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ..	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 ..	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,858,340	2,156,150
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,274,338	1,517,120
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	34,185	75,081
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	4,166,863	3,748,351
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	3,028,757	4,176,131
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	542,174	629,578
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 203,391
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f)....	350,858	387,372
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,921,789	5,193,081
19	Revenue less expenses. Subtract line 18 from line 12.......	245,074	-1,444,730
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	38,392,144	36,755,413
21	Total liabilities (Part X, line 26).............	1,863,674	2,802,329
22	Net assets or fund balances. Subtract line 21 from line 20.....	36,528,470	33,953,084

Part II

Signature Block

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 officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title.

Paid preparer use only

Print/type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image

Firm's address Right pointing arrowhead image

Phone no.

May the IRS discuss this return with the preparer shown above? See instructions ......... bullet

YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y

Form 990 (2011)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response to any question in this Part III .........

Briefly describe the organization’s mission: THE MISSION OF LEGACY FUND IS TO INSPIRE, SUPPORT, AND PRACTICE PHILANTHROPY, LEADERSHIP, AND SERVICE IN OUR COMMUNITY. THROUGH THE GENEROSITY OF THOUSANDS OF DONORS, LEGACY FUND IS THE STEWARD FOR CHARITABLE ASSETS FOCUSING ON THREE AREAS THAT MAKE HAMILTON COUNTY INDIANA A BETTER PLACE TO LIVE FOR CURRENT AND FUTURE GENERATIONS: 1.) GRANTMAKING FROM A VARIETY OF FUNDS TO OTHER EFFECTIVE NOT-FOR-PROFITS 2.) COMMUNITY LEADERSHIP ON ISSUES LIKE HELPING FAMILIES OVERCOME OBSTACLES, CREATING GREAT PUBLIC SPACES, AND EMBRACING OUR ETHNIC COMMUNITIES 3.) PHILANTHROPIC ADVISING TO HELP PEOPLE MAKE THEIR CHARITABLE GIVING MORE THOUGHTFUL AND ENJOYABLE. WE ACCOMPLISH THE ABOVE THROUGH OUR THREE INITIATIVES: INSPIRING PLACES, FAMILY SUCCESS AND EDUCATION.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .................... Yes No

If “Yes,” describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program services? .......................... Yes No

If “Yes,” describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 2,248,610 including grants of $ 2,004,543 ) (Revenue $ )
	INSPIRING PLACES TO ATTRACT AND RETAIN TALENT. WE IMPROVE THE QUALITY OF LIFE IN THE URBAN CORE FOCUSING ON 3 ELEMENTS OF AN AREA: VIBRANCY - BUILDING A DYNAMIC ECONOMY FOR JOB RETENTION AND EXPANSION, INCREASED PROPERTY VALUES AND DIVERSIFIED TAX BASE; SAFETY - DECREASING BLIGHT AND POVERTY IN NEIGHBORHOODS TO DECREASE CRIME; AND ATTRACTIVENESS - CREATING VIABLE LOCAL PLACES THAT ARE ACCESSIBLE, WALKABLE, FUN AND DIVERSE TO ATTRACT AND RETAIN HIGHLY EDUCATED RESIDENTS. WE STRENGTHEN KEY NEIGHBORHOOD SUPPORT ORGANIZATIONS. WE CHAMPION AND EDUCATE ON THE CEO'S FOR CITIES CONCEPTS, FRAMEWORKS AND RESEARCH TO ADVANCE THE VISION OF OUR COMMUNITY AS AN INSPIRING PLACE.

4b	(Code: ) (Expenses $ 1,545,919 including grants of $ 1,378,123 ) (Revenue $ )
	FAMILY SUCCESS IS ABOUT SUPPORTING FAMILIES AND THEIR COMMUNITIES BY STRENGTHENING NEIGHBORHOOD-BASED PROVIDERS THAT SUPPORT LOW-INCOME FAMILIES IN INCREASING EARNINGS AND ASSETS. WE FOCUS ON PARTNERSHIPS WITH INTERMEDIARY AGENCIES AND DIRECT SERVICE ORGANIZATIONS DEVELOPING ROBUST NETWORK OF CENTERS FOR WORKING FAMILIES, INCREASING ORGANIZATIONS' CAPACITY OF NEIGHBORHOOD CENTERS, LEVERAGING ADDITIONAL FUNDS AND CHAMPIONING THE IMPORTANCE OF NEIGHBORHOOD CENTERS.

4c	(Code: ) (Expenses $ 890,075 including grants of $ 793,465 ) (Revenue $ )
	OUR EDUCATION INITIATIVE EMPHASIZES ACCESS TO AND SUPPORT FOR HIGHER EDUCATION. IT HELPS OUR COMMUNITY IMPROVE PUBLIC INSTRUCTION AND STUDENT ACADEMIC ACHIEVEMENT BASED ON EDUCATIONAL INDICATORS. WE INVEST IN COMMUNITY BASED ORGANIZATIONS THAT PROVIDE COLLEGE ACCESS AND READINESS PROGRAMMING. WE ARE CHAMPIONS FOR THE IMPORTANCE OF ACCESSING POST SECONDARY OPPORTUNITIES. WE ARE BUILDING A NETWORK OF COMMUNITY BASED NOT-FOR-PROFIT ORGANIZATIONS TO HELP HAMILTON COUNTY YOUTH CONNECT TO CARING ADULTS, ACCESS FINANCIAL RESOURCES, FIND THE RIGHT COLLEGE AND PREPARE ACADEMICALLY.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses$ 4,684,604

Form 990 (2011)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule A Click to see attachment

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment

........

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........

Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part I Click to see attachment

....................

Yes

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment

....................

Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IV Click to see attachment

...................

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part V Click to see attachment

Yes

If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:

Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI. Click to see attachment

11a

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII. Click to see attachment

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII. Click to see attachment

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX. Click to see attachment

11d

Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X. Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X. Click to see attachment

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States?....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..

Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................

20a

Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....

20a

If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.

20b

Form 990 (2011)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment

Yes

Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment

Yes

Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................

24c

Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................

25b

Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.........................

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........

Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................

28a

A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................

28b

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..

28c

Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment

Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment

Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2011)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule O contains a response to any question in this Part V .........

Yes

Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?.............................

If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................

Yes

If "Yes," enter the name of the foreign country: MediumBullet

CJ
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........

If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................

If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................

If “Yes,” indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............

Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................

Sponsoring organizations maintaining donor advised funds.

Did the organization make any taxable distributions under section 4966?.........

Did the organization make a distribution to a donor, donor advisor, or related person?......

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.

13a

Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.

13b

Enter the aggregate amount of reserves on hand.

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..

14b

Form 990 (2011)

Page 6

Part VI

Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response to any question in this Part VI .........

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent .................

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .........................

Yes

Each committee with authority to act on behalf of the governing body? ..........

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....

Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....

12a

Did the organization have a written conflict of interest policy? If “No,” go to line 13.......

12a

Yes

Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request

Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet

KAY WHITAKER
615 NORTH ALABAMA STREET SUITE 119
INDIANAPOLIS,IN46204
(317) 631-6542

Form 990 (2011)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response to any question in this Part VII .........

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) LARRY J SABLOSKY BOARD CHAIR	1.0	X	X	0	0	0
(2) PEGGY O MONSON VICE-CHAIR	1.0	X	X	0	0	0
(3) ANN O'HARA SECRETARY	1.0	X	X	0	0	0
(4) CORBY D THOMPSON TREASURER	1.0	X	X	0	0	0
(5) MIKE KOUK BOARD MEMBER	1.0	X		0	0	0
(6) LISA B ALLEN BOARD MEMBER	1.0	X		0	0	0
(7) LAWRENCE C BECK BOARD MEMBER	1.0	X		0	0	0
(8) HENRY B BLACKWELL BOARD MEMBER	1.0	X		0	0	0
(9) RON BRUMBARGER BOARD MEMBER	1.0	X		0	0	0
(10) BRENDA BUSH BOARD MEMBER	1.0	X		0	0	0
(11) JUDITH CAMPBELL MD BOARD MEMBER	1.0	X		0	0	0
(12) MICHAEL E DAUGHERTY BOARD MEMBER	1.0	X		0	0	0
(13) PAUL ESTRIDGE JR BOARD MEMBER	1.0	X		0	0	0
(14) OTTO FRENZEL IV BOARD MEMBER	1.0	X		0	0	0
(15) KAY HARTLEY BOARD MEMBER	1.0	X		0	0	0
(16) STEVEN HOLT BOARD MEMBER	1.0	X		0	0	0
(17) JAMES LONGSTRETH BOARD MEMBER	1.0	X		0	0	0

Form 990 (2011)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) JAY MERRELL BOARD MEMBER	1.0	X		0	0	0
(19) SARAH MOORE BOARD MEMBER	1.0	X		0	0	0
(20) STEVE PITTMAN BOARD MEMBER	1.0	X		0	0	0
(21) PAMELA H ROBINSON BOARD MEMBER	1.0	X		0	0	0
(22) JAMES ROEDERER BOARD MEMBER	1.0	X		0	0	0
(23) DANE ROWLAND BOARD MEMBER	1.0	X		0	0	0
(24) BRIAN E PAYNE PRESIDENT & CEO, CICF/TIF	2.0		X	14,529	276,059	35,384
(25) KAY WHITAKER CFO	2.0		X	7,816	148,499	7,854
(26) ROBERT A MACPHERSON VP FOR DEVELOPMENT	4.0		X	13,819	124,368	23,297
(27) TERRY ANKER PRESIDENT, LEGACY FUND	32.0		X	85,936	21,484	469
(28) ELIZABETH TATE VP, GRANTMAKING	4.0		X	10,923	98,307	24,430
(29) MARK ROBBINS VP, LEGACY FUND	32.0		X	44,605	11,151	21,461

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	177,628	679,868	112,895

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

Form 990 (2011)

Page 9

Part VIII

Statement of Revenue

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512, 513, or 514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f		2,156,150
g	Noncash contributions included in lines 1a-1f:$ 1,539,714
h	Total. Add lines 1a-1f.......			2,156,150
			Business Code
2a
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			0
3	Investment income (including dividends, interest
	and other similar amounts).....			456,114			456,114
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties............			0
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	17,476,915
b	Less: cost or other basis and sales expenses	16,415,909
c	Gain or (loss)	1,061,006
d	Net gain or (loss)..........			1,061,006			1,061,006
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a	OTHER INCOME		900,099	75,081	75,081
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			75,081
12	Total revenue. See Instructions....			3,748,351	75,081		1,517,120

Form 990 (2011)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IX. .........

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	4,040,631	4,040,631
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	135,500	135,500
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	177,628	88,814	53,288	35,526
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	276,533	138,266	82,960	55,307
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	91,505	45,752	27,452	18,301
9	Other employee benefits .......	53,668	26,834	16,100	10,734
10	Payroll taxes ...........	30,244	15,122	9,073	6,049
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	21,077	10,539	6,323	4,215
c	Accounting ...........	18,077	9,039	5,423	3,615
d	Lobbying ...........	0
e	Professional fundraising. See Part IV, line 17..	0
f	Investment management fees ......	176,609	88,304	52,983	35,322
g	Other ..........	0
12	Advertising and promotion ....	7,441	3,721	2,232	1,488
13	Office expenses .......	23,099	11,549	6,930	4,620
14	Information technology ......	51,265	25,632	15,380	10,253
15	Royalties ..	0
16	Occupancy ...........	25,254	12,627	7,576	5,051
17	Travel ............	5,568	2,784	1,670	1,114
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	6,826	3,413	2,048	1,365
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	0
23	Insurance ..............	11,847	5,924	3,554	2,369
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a	COMMUNITY SUPPORT	19,923	9,962	5,977	3,984
b	DUES & MEMBERSHIPS	9,338	4,669	2,801	1,868
c	EMPLOYEE RELATIONS & DEV	7,822	3,911	2,347	1,564
d	OTHER	3,226	1,611	969	646
e
f	All other expenses
25	Total functional expenses. Add lines 1 through 24f	5,193,081	4,684,604	305,086	203,391
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2011)

Page 11


			(A) Beginning of year		(B) End of year
1	Cashnon-interest-bearing ..........		0	1	0
2	Savings and temporary cash investments .......		1,473,835	2	1,655,428
3	Pledges and grants receivable, net .........		1,111,522	3	1,111,522
4	Accounts receivable, net .........		0	4	0
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........		0	5	0
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........		0	6	0
7	Notes and loans receivable, net .............		0	7	0
8	Inventories for sale or use ..............		0	8	0
9	Prepaid expenses and deferred charges ............		0	9	0
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation. .....	10b	0	10c
11	Investments—publicly traded securities ..........		21,106,660	11	20,045,985
12	Investments—other securities. See Part IV, line 11 ......		14,637,048	12	13,901,492
13	Investments—program-related. See Part IV, line 11 ..		0	13	0
14	Intangible assets .........		0	14	0
15	Other assets. See Part IV, line 11 ...........		63,079	15	40,986
16	Total assets. Add lines 1 through 15 (must equal line 34)...		38,392,144	16	36,755,413
17	Accounts payable and accrued expenses .		285,953	17	435,954
18	Grants payable ..........		754,597	18	1,559,667
19	Deferred revenue ..........		0	19	0
20	Tax-exempt bond liabilities ..........		0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		0	21	0
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..		0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....		0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....		823,124	25	806,708
26	Total liabilities. Add lines 17 through 25.....		1,863,674	26	2,802,329
	Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....		35,416,948	27	32,841,562
28	Temporarily restricted net assets .....		1,111,522	28	1,111,522
29	Permanently restricted net assets .....		0	29	0
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....			30
31	Paid-in or capital surplus, or land, building or equipment fund .....			31
32	Retained earnings, endowment, accumulated income, or other funds			32
33	Total net assets or fund balances .....		36,528,470	33	33,953,084
34	Total liabilities and net assets/fund balances .....		38,392,144	34	36,755,413

Form 990 (2011)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response to any question in this Part XI .........

Total revenue (must equal Part VIII, column (A), line 12) ...

3,748,351

Total expenses (must equal Part IX, column (A), line 25) ....

5,193,081

Revenue less expenses. Subtract line 2 from line 1 ...

-1,444,730

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

36,528,470

Other changes in net assets or fund balances (explain in Schedule O) ...

-1,130,656

Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) ....

33,953,084

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response to any question in this Part XII .........

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?....

Were the organization’s financial statements audited by an independent accountant?........

Yes

If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................

Yes

If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separated basis

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................

If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..

Form 990 (2011)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches. section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. Seesection 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Other

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of the the supported organization? ................

11g(i)

(ii) a family member of a person described in (i) above? ......................

11g(ii)

(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................

11g(iii)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization in col. (i) listed in your governing document?		(v) Did you notify the organization in col. (i) of your support?		(vi) Is the organization in col. (i) organized in the U.S.?		(vii) Amount of support?
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of support?


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2011

Page 2

Part II

Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	10,783,969	11,764,997	2,193,488	1,858,340	2,156,150	28,756,944
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3..	10,783,969	11,764,997	2,193,488	1,858,340	2,156,150	28,756,944
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						12,483,249
6	Public Support. Subtract line 5 from line 4.						16,273,695

Section B. Total Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
7	Amounts from line 4..	10,783,969	11,764,997	2,193,488	1,858,340	2,156,150	28,756,944
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	740,090	626,931	659,340	614,719	456,114	3,097,194
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..	278,475	292,856	211,648	34,185	75,081	892,245
11	Total support (Add lines 7 through 10).						32,746,383

Gross receipts from related activities, etc. (See instructions.) ..................

First Five Years If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.......................................... right arrow

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f)) .........

49.696 %

Public Support Percentage for 2009 Schedule A, Part II, line 14 ...............

42.931 %

16a

33 1/3% support test—2011. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ...................... right arrow

33 1/3% support test—2010. If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2011. If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization .................................................. right arrow

10%-facts-and-circumstances test—2010. If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly
supported organization .............................................. right arrow

Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions ................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 3

Part III

Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public Support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13	Total support (Add lines 9, 10c, 11 and 12.).

Section C. Computation of Public Support Percentage

Public Support Percentage for 2011 (line 8 column (f) divided by line 13 column (f)) .........

Public support percentage from 2010 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2011 (line 10c column (f) divided by line 13 column (f)) ......

Investment income percentage from 2010 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2011. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... right arrow

33 1/3% support tests—2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private Foundation If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 4

Part IV

Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Explanation

Schedule A (Form 990 or 990-EZ) 2011

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2011

Name of organization

LEGACY FUND INC

Employer identification number

20-0900981

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year. ......................... Arrow Bullet

Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2

Name of organization LEGACY FUND INC
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part I	Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	RESTRICTED RESTRICTED RESTRICTED RESTRICTED, RESTRICTED RESTRICTED	$RESTRICTED	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3

Name of organization LEGACY FUND INC
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part II	Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Name of organization
LEGACY FUND INC

Employer identification number

20-0900981

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet

Attach to Form 990. SchDMd Bullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds
1	Total number at end of year .......	71
2	Aggregate contributions to (during year) ...	1,662,211
3	Aggregate grants from (during year) ...	3,094,517
4	Aggregate value at end of year .......	14,792

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................

Yes No

In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 52283D

Schedule D (Form 990) 2011

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIV and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If “Yes,” explain the arrangement in Part XIV.

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current Year	(b)Prior Year	(c)Two Years Back	(d)Three Years Back
1a	Beginning of year balance ....	19,067,564	17,163,474	15,541,012	13,562,871
b	Contributions ........	350,763	763,135	718,147	6,972,252
c	Net investment earnings, gains, and losses ...	-103,208	2,399,599	3,013,087	-4,070,910
d	Grants or scholarships .....	926,095	896,009	1,954,261	745,482
e	Other expenditures for facilities and programs ........	3,000	204,719	8,933	21,107
f	Administrative expenses ....	186,571	157,916	145,578	156,612
g	End of year balance ......	18,199,453	19,067,564	17,163,474	15,541,012

Provide the estimated percentage of the year end balance (line 1g) held as:

Board designated or quasi-endowment SchDMd Bullet

0 %

Permanent endowment SchDMd Bullet

100.000 %

Temporarily restricted endowment SchDMd Bullet

0 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

Yes

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIV the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......

Schedule D (Form 990) 2011

Page 3

Part VII

InvestmentsOther Securities. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) POOLED RESOURCES	13,901,492	F








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	13,901,492

Part VIII

InvestmentsProgram Related. See Form 990, Part X, line 13.

(a) Description of investment type		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. See Form 990, Part X, line 25.

1.(a) Description of Liability		(b) Book value
Federal Income Taxes		0
AMOUNTS HELD FOR OTHERS		806,708








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		806,708
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).

Schedule D (Form 990) 2011

Page 4

Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1	Total revenue (Form 990, Part VIII, column (A), line 12) ....................	1	3,748,351
2	Total expenses (Form 990, Part IX, column (A), line 25) .....................	2	5,193,081
3	Excess or (deficit) for the year. Subtract line 2 from line 1 .............	3	-1,444,730
4	Net unrealized gains (losses) on investments ..........................	4	-1,354,886
5	Donated services and use of facilities .............................	5
6	Investment expenses ...................................	6
7	Prior period adjustments ..................................	7
8	Other (Describe in Part XIV.) .................................	8	224,230
9	Total adjustments (net). Add lines 4 through 8 .........................	9	-1,130,656
10	Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 .........	10	-2,575,386

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1	Total revenue, gains, and other support per audited financial statements .......			1	2,352,736
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a	-1,354,886
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIV.) ............	2d	-40,729
e	Add lines 2a through 2d .....................			2e	-1,395,615
3	Subtract line 2e from line 1.....................			3	3,748,351
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIV.) ...........	4b
c	Add lines 4a and 4b.......................			4c
5	Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	3,748,351

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1	Total expenses and losses per audited financial statements .............			1	5,348,419
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIV.) ............	2d	155,338
e	Add lines 2a through 2d......................			2e	155,338
3	Subtract line 2e from line 1.....................			3	5,193,081
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIV.) ............	4b
c	Add lines 4a and 4b.......................			4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	5,193,081

Part XIV

Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.

Identifier	Return Reference	Explanation
ENDOWMENT FUNDS		THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE LONG-TERM SUPPORT FOR VARIOUS CHARITABLE PURPOSES SERVING THE HAMILTON COUNTY COMMUNITY. DUE TO THE CONSOLIDATED NATURE, SOME FUNDS ARE HELD AND ADMINISTERED BY RELATED ORGANIZATIONS. FIN 48 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
PART XI	LINE 8	UNREALIZED PENSION EXPENSE ($155,338) TRANSFERS (40,729) FUND STATUS OF THE DEFINED BENEFIT PENSION PLAN 420,297 TOTAL OTHER $224,230 PART XII LINE 2D TRANSFERS ($40,729) PART XIII LINE 2D UNREALIZED PENSION EXPENSE $155,338

Schedule D (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization
LEGACY FUND INC

Employer identification number
20-0900981

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet

(a) Name and address of organization or government	(b) EIN	(c) IRC Code section if applicable	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) Ivy Tech Foundation50 W Fall Creek Pkwy N Dr Indianapolis,IN462085752	23-7073977	501(C)(3)	910,000	PROGRAM SUPPORT
(2) Friends of Hamilton County Parks15513 S Union St Carmel,IN460339445	20-5360193	501(c)(3)	299,615	PROGRAM SUPPORT
(3) 37 Place Capital Improvement Fund615 N Alabama StSuite 119 Indianapolis,IN46204	35-1793680	N/A	268,000	PROGRAM SUPPORT
(4) Morning Star Baptist ChurchPO Box 157 Trafalgar,IN46181	20-0478998	N/A	150,000	Program support
(5) Eskenazi Health Foundation1001 W 10th St Indianapolis,IN46202	31-1132066	501(C)(3)	125,000	NEW WISHARD CAMPAIGN
(6) Epworth United Methodist Church6450 Allisonville Rd Indianapolis,IN462204548	35-6007465	N/A	120,000	Capital campaign
(7) Indianapolis Hebrew Congregation6501 N Meridian St Indianapolis,IN46260	35-0871004	501(C)(3)	78,500	Charitable contribution
(8) Cicero Christian Church1715 Stringtown Pike Cicero,IN46034	35-1387750	501(c)(3)	75,000	Debt retirement
(9) Young Life Raceway Region1010 N Capitol AveSuite A100 Indianapolis,IN462041007	84-0385934	501(c)(3)	75,000	STAFF SUPPORT
(10) Teach For America - Indianapolis1630 N Meridian StSuite 450 Indianapolis,IN46202	13-3541913	501(c)(3)	70,500	Charitable contribution
(11) Boys & Girls Club of Noblesville1448 Conner St Noblesville,IN46060	35-1054426	501(c)(3)	66,303	Charitable contribution
(12) Prevail Inc1100 S 9th StSuite 100 Noblesville,IN46060	35-1681864	501(c)(3)	65,874	Charitable contribution
(13) Carmel Clay Educational Foundation5201 E 131st St Carmel,IN46033	35-6066912	501(c)(3)	56,289	2011 distribution
(14) Indiana University Foundation950 N Meridian StSuite 250 Indianapolis,IN46204	35-6018940	501(c)(3)	52,250	BUILDING RENOVATION
(15) Affordable Housing Partners Inc770 3rd Ave SW Carmel,IN46032	35-1993520	501(c)(3)	50,000	Programming support
(16) Connection Pointe Christian Church of Brownsburg1800 N Green StPO Box 667 Brownsburg,IN46112	35-1463906	N/A	50,000	Programming support
(17) Indianapolis Zoological Society Inc1200 W Washington StPO Box 2230 Indianapolis,IN46222	35-1074747	501(C)(3)	50,000	PROGRAM SUPPORT
(18) Sagamore Institute for Policy ResearchThe Levey Mansion2902 N Meridian S Indianapolis,IN46208	20-1161578	501(c)(3)	50,000	PROGRAM SUPPORT
(19) Union Bible College & Academy434 S Union StPO Box 900 Westfield,IN460740900	35-1098204	501(c)(3)	50,000	Program support
(20) Indianapolis Hispanic SDA Church821 Denison St Indianapolis,IN462412424	77-0636173	N/A	40,000	Program support
(21) Westfield Washington Education Development Foundat322 W Main St Westfield,IN46074	35-1709318	501(C)(3)	37,886	2011 distribution
(22) United Way of Central Indiana3901 N Meridian StPO Box 88409 Indianapolis,IN462080409	35-1007590	501(c)(3)	34,300	Charitable contribution
(23) Noblesville Schools Education Foundation1775 Field Dr Noblesville,IN46061	35-1714053	501(c)(3)	31,979	SCHOLARSHIPS
(24) University of Notre Dame1100 Grace Hall Notre Dame,IN465565612	35-0868188	501(c)(3)	31,500	Innovation Center
(25) Hamilton Southeastern Schools Foundation13485 Cumberland Rd Fishers,IN46038	35-2146295	501(c)(3)	26,183	2011 distribution
(26) Carmel High School520 E Main St Carmel,IN46032	35-6006444	N/A	25,000	CHS TechHounds
(27) Good Samaritan Network of Hamilton CountyPO Box 339 Noblesville,IN46061	20-4371453	501(C)(3)	25,000	Charitable contribution
(28) International Faith Initiatives5592 Pinecrest Cir Noblesville,IN46060	35-2145655	501(c)(3)	25,000	Program support
(29) Standing Tall Charitable Foundation1100 N River Rd Des Plaines,IL60016	32-0156071	501(c)(3)	25,000	Charitable contribution
(30) Young Adult Ministry711 W Monroe Chicago,IL60661	36-2170826	501(c)(3)	25,000	Charitable contribution
(31) Conner Prairie13400 Allisonville Rd Fishers,IN46038	20-3402627	501(c)(3)	24,000	Civil War Campaign
(32) New Mission Systems IncPO Box 547 Fort Myers,FL33902	95-4338997	501(c)(3)	22,500	Charitable contribution
(33) Humane Society for Hamilton County1721 Pleasant StSuite B Noblesville,IN46060	35-1610723	501(c)(3)	21,500	Charitable contribution
(34) The Children's Museum of Indianapolis3000 N Meridian StPO Box 3000 Indianapolis,IN462063000	35-0867985	501(c)(3)	20,250	Charitable contribution
(35) Midwest Food Bank Indianapolis6450 S Belmont Ave Indianapolis,IN46217	41-2120170	501(c)(3)	20,000	PROGRAM SUPPORT
(36) United States Masters Swimming Inc655 N Tamiami Trail Sarasota,FL342364045	31-0999051	501(c)(3)	18,415	IU Councilman Center project
(37) Riverview Hospital Foundation395 Westfield RdPO Box 220 Noblesville,IN46061	35-1378456	501(c)(3)	17,942	2011 distribution
(38) Promising Futures of Central Indiana294 S 9th St Noblesville,IN46060	35-1305755	501(c)(3)	17,239	PROGRAM SUPPORT
(39) Big Brothers Big Sisters of Central Indiana2960 N Meridian StSuite 150 Indianapolis,IN462084715	35-1323831	501(c)(3)	16,677	Program support
(40) Campus Crusade for Christ IncPO Box 628222 Orlando,FL328628222	95-6006173	501(c)(3)	15,700	Project support
(41) Make-A-Wish Foundation of Indiana Inc7330 Woodland Dr 201 Indianapolis,IN462781736	34-1471131	501(c)(3)	15,250	Raise the Paddle Program
(42) Riley Children's Foundation30 S Meridian StSuite 200 Indianapolis,IN462043540	35-0868147	501(c)(3)	15,157	CAMP RILEY
(43) Indianapolis Theatre Fringe Festival IncPO Box 44121 Indianapolis,IN46202	20-2005004	501(c)(3)	15,000	Capital Support
(44) Noblesville Parks & Recreation Department701 Cicero Rd Noblesville,IN46060	35-6001141	N/A	15,000	Summer Concert Series
(45) Second Helpings Inc1121 Southeastern Ave Indianapolis,IN46202	35-1484281	501(C)(3)	15,000	PROGRAM SUPPORT
(46) Visiting Nurse Service Inc4701 N Keystone Ave Indianapolis,IN462051563	35-0868199	501(c)(3)	14,656	2011 distribution
(47) Habitat for Humanity Hamilton County17902 US Highway 31 NSuite C Westfield,IN46074	35-1805196	501(c)(3)	14,500	Staff position
(48) The Shepherd's Center of Hamilton County17555 Willowview Rd Noblesville,IN46062	31-1131854	501(c)(3)	14,303	Charitable contribution
(49) Sheridan Community Schools509 E 4th St Sheridan,IN46069	35-1097809	N/A	14,200	Scholarship support
(50) PrimeLife Enrichment Inc1078 Third Ave SW Carmel,IN46032	35-1411017	501(C)(3)	14,184	2011 distribution
(51) St Vincent Foundation8402 Harcourt Rd210 Indianapolis,IN46260	35-6088862	501(c)(3)	13,846	Program support
(52) Westfield Youth AssistanceWestfield City Services Center2728 Westfield,IN46074	27-3540371	501(c)(3)	12,500	Program support
(53) Diocese of Lafayette-in-IndianaPO Box 1687 Lafayette,IN479021687	35-0876374	501(c)(3)	12,400	Fruitful Harvest
(54) Chaucie's Place4607 E 106th St Carmel,IN46033	35-2072683	501(c)(3)	12,000	Operating support
(55) Hope Family Care Center Inc270 W Jackson StPO Box 713 Cicero,IN46034	20-1687708	501(c)(3)	11,000	Operating support
(56) Noble of Indiana7701 E 21st St Indianapolis,IN462192406	35-0924720	501(c)(3)	11,000	Project SEARCH
(57) Marian University3200 Cold Spring Rd Indianapolis,IN462221997	35-0868175	501(c)(3)	10,500	Scholarship
(58) Meals on Wheels of Hamilton County395 Westfield RdSuite 601A RVCC Noblesville,IN460601425	35-1344488	501(c)(3)	10,269	Charitable contribution
(59) Alternatives Incorporated of Madison CountyPO Box 1302 Anderson,IN460151302	31-0986769	501(c)(3)	10,000	Shelter program
(60) Brown County Art Gallery FoundationPO Box 443 Nashville,IN47448	31-1000340	501(c)(3)	10,000	Charitable contribution
(61) Carmel Lutheran Church4850 E 131 St Carmel,IN46033	35-1404519	501(c)(3)	10,000	When God Opens Doors campaign
(62) Catholic Relief Services IncPO Box 17090 Baltimore,MD212037190	13-5563422	501(c)(3)	10,000	Caritas Japan
(63) Central Indiana Community Foundation Inc615 N Alabama StSuite 119 Indianapolis,IN46204	35-1793680	501(c)(3)	10,000	Community Transformation
(64) CICOA Foundation Inc4755 Kingsway DrSuite 200 Indianapolis,IN46205	35-1859069	501(c)(3)	10,000	Meals & More program
(65) Englishton Park United Presbyterian Ministries InPO Box 240 Lexington,IN47138	23-7378186	501(c)(3)	10,000	Summer Academic Program.
(66) Hope Academy The Recovery High School at Fairbanks8102 Clearvista Parkway Indianapolis,IN46250	20-3094377	501(c)(3)	10,000	Operating support
(67) Interactive Intelligence Foundation7601 Interactive Way Indianapolis,IN46278	27-4265697	501(c)(3)	10,000	Charitable contribution
(68) Little Red Door Cancer Agency1801 N Meridian St Indianapolis,IN46202	35-0914096	501(c)(3)	10,000	Mammography Assistance Program (MAP)
(69) Noblesville FOP Lodge #198PO Box 1303 Noblesville,IN46061	35-2028702	N/A	10,000	Shop with a Cop
(70) Our Lady of Grace Catholic Church9900 E 191st St Noblesville,IN46060	35-1009271	501(C)(3)	10,000	Scholarship support
(71) Shepherd Community Inc4107 E Washington St Indianapolis,IN46201	35-1765846	501(c)(3)	10,000	Operating support
(72) Techpoint Foundation615 N Alabama StSuite 119 Indianapolis,IN46204	35-2155455	501(c)(3)	10,000	Charitable contribution
(73) Young Life Washington Township4631 Lisborn Dr Carmel,IN460332200	84-0385934	501(c)(3)	10,000	Charitable contribution
(74) Loving Accurately Ministries6148 College Ave Indianapolis,IN46220	68-0595017	501(c)(3)	9,500	Programming support
(75) Carmel Clay Public Library Foundation55 4th Ave SE Carmel,IN460322278	35-1787253	501(c)(3)	8,567	Ready, Set, Read
(76) Agape Families Inc574 Dorset Blvd Carmel,IN46032	56-2561709	501(c)(3)	8,000	Agape Home Project
(77) Dress For Success Indianapolis Inc820 N Meridian St Indianapolis,IN46204	35-2078412	501(c)(3)	7,500	General operating
(78) St Anne's Catholic Church1875 S County Rd 700 W North Vernon,IN47265	35-1018460	N/A	7,500	Preservation fund
(79) St Elizabeth Ann Seton Catholic Church10655 Haverstick Rd Carmel,IN460333800	53-0196617	N/A	7,350	Operating Support
(80) Jewish Federation of Greater Indianapolis6705 Hoover Rd Indianapolis,IN462604120	35-0888017	501(C)(3)	7,000	Charitable contribution
(81) The Villages of Indiana Inc3833 N Meridian St Indianapolis,IN46208	35-1708240	501(c)(3)	7,000	General operating
(82) Young Audiences of Indiana Inc3921 N Meridian StSuite 210 Indianapolis,IN462084011	35-1148812	501(c)(3)	6,925	School Partnership
(83) Ronald McDonald House of Indiana435 Limestone St Indianapolis,IN462022819	35-1497202	501(c)(3)	6,750	Program support
(84) American Cancer Society5635 W 96th StSte 100 Indianapolis,IN462786024	13-1788491	501(c)(3)	6,000	Mission support
(85) Grace Community Church5504 E 146th St Noblesville,IN46060	35-2154601	501(c)(3)	6,000	Program support
(86) Heritage Christian School6401 E 75th St Indianapolis,IN46250	35-1111818	501(c)(3)	6,000	Mission Impact Fund
(87) Indiana Grantmakers Alliance32 East Washington St1100 Symphony Indianapolis,IN462043583	35-1835134	501(c)(3)	5,500	Legacy Fund 2011
(88) Town of Fishers1 Municipal Dr Fishers,IN46038	35-1361390	N/A	5,301	2011 distribution
(89) Planned Parenthood of Indiana Inc200 S Meridian StPO Box 397 Indianapolis,IN46206	35-0874276	501(C)(3)	5,300	Operating support
(90) Washington Township Parks and Recreation1549 E Greyhound Pass Carmel,IN460325000	35-6003908	N/A	5,201	Fund Close out

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2011

Page 2

Part III

Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant	(d)Amount of non-cash assistance	(e)Method of valuation (book, FMV, appraisal, other)	(f)Description of non-cash assistance

Part IV

Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.

Identifier	Return Reference	Explanation
SCHEDULE I	PART I QUESTION 2	Grants: When making a grant, the foundation verifies the grantee organiZation's charitable status and that the grantee is compliant with all conditions and past grant reporting requirements. We will not award a new grant to the organization until overdue grant reports have been submitted and approved by the assigned foundation staff. Staff compares the report with the purpose of the grant and follows up with the organization regarding any concerns. For large or conditional grants, foundation staff may conduct conversations or site visits prior to, during, and after a grant is issued. A letter accompanying all grant payments includes the grant purpose and reporting requirements if applicable (greater than $25,000). The letter also includes language that states the grant funds must be used solely for the charitable purposes described in the letter, and that any unused funds must be returned to the foundation immediately unless an amended grant purpose is authorized by the foundation in writing. Scholarships: THE ORGANIZATION WILL ALLOW DONORS TO ESTABLISH SCHOLARSHIP ENDOWMENT FUNDS ("SCHOLARSHIP FUND"). THE PRIMARY PURPOSE OF EACH SCHOLARSHIP FUND SHALL BE TO ASSIST STUDENTS TO FURTHER THEIR EDUCATION AT AN ACCREDITED EDUCATIONAL INSTITUTION AND FOR ANY AND ALL CHARITABLE OR OTHER TAX-EXEMPT PURPOSES WITHIN THE MEANING OF CODE SECTIONS 170(C)(1) OR (2)(B) THAT ARE CONSISTENT WITH THE TAX EXEMPT PURPOSES OF THE ORGANIZATION. WITH THE ASSISTANCE OF THE ORGANIZATION'S STAFF, THE DONOR OF EACH SCHOLARSHIP FUND SELECTS SCHOLARSHIP CRITERIA FROM A MENU PROVIDED BY THE ORGANIZATION. THE DONOR MAY ALSO DESIGNATE A FUND ADVISOR AND ADVISORY COMMITTEE ("ADVISORY COMMITTEE") FOR THE PURPOSE OF REVIEWING THE APPLICATIONS ACCORDING TO THE ELIGIBILITY CRITERIA. THE FUND ADVISOR AND/OR ADVISORY COMMITTEE WILL IDENTIFY THE MOST QUALIFIED APPLICANTS AND RECOMMEND SCHOLARSHIP RECIPIENTS TO THE ORGANIZATION. THE IDEAL ADVISORY COMMITTEE SIZE IS THREE TO FIVE PEOPLE. THE ADVISORY COMMITTEE, HOWEVER, SHOULD CONSIST OF NO LESS THAN THREE PEOPLE AND NO MORE THAN TEN PEOPLE. FAMILY MEMBERS CANNOT BE PREFERRED RECIPIENTS OF A SCHOLARSHIP BUT CAN BE A PART OF THE PARTICULAR APPLICANT POOL PROVIDED THAT THE PROCESS IS BLINDED OR AS OBJECTIVE AS POSSIBLE. IF A FAMILY MEMBER IS AN APPLICANT, FAMILY MEMBERS MUST STEP DOWN FROM THE COMMITTEE FOR THAT PARTICULAR YEAR. EACH COMMITTEE MEMBER MUST SIGN A CONFLICT OF INTEREST FORM. THE ORGANIZATION'S STAFF WILL OVERSEE AND DOCUMENT THE ENTIRE SELECTION PROCESS. RECOMMENDATIONS WILL BE BASED ON THE SELECTION CRITERIA DECIDED UPON BY THE DONOR. ALL RECOMMENDATIONS FROM THE FUND ADVISOR SHALL BE SOLELY ADVISORY, AND THE ORGANIZATION MAY ACCEPT OR REJECT SUCH RECOMMENDATIONS. THE ORGANIZATION RECOMMENDS THAT EACH COMMITTEE SELECT AT LEAST ONE ALTERNATE FOR EACH SCHOLARSHIP PROGRAM IN CASE THE SCHOLARSHIP RECIPIENT IS UNABLE TO USE THE AWARD. IF NO APPROPRIATE CANDIDATE IS FOUND FOR THE SCHOLARSHIP, THE ADVISORY COMMITTEE MAY CHOOSE TO REINVEST THE FUNDS FOR FUTURE USE OR HOLD THE AWARD FOR FUTURE USE IN THE SPENDABLE AMOUNT. OTHER CONSIDERATIONS IN THE SELECTION PROCESS THE DONOR OR FUND ADVISOR MAY WISH TO REQUIRE THAT ANY ONE OR A COMBINATION OF THE FOLLOWING IS REQUIRED AS PART OF THE STUDENTS' APPLICATIONS: ACADEMIC TRANSCRIPT, PERSONAL INTERVIEW, LETTER(S) OF REFERENCE, FINANCIAL INFORMATION STUDENT FORM, AND/OR ESSAY. FUNDS MAY CHOOSE TO INCLUDE INTERVIEWS AS A PART OF THE SCHOLARSHIP SELECTION PROCESS. INTERVIEWS REQUIRE ADDITIONAL TIME TO ARRANGE AND CONDUCT, AS WELL AS ADDITIONAL INVOLVEMENT FROM MEMBERS OF THE ADVISORY COMMITTEE. NOMINATION CRITERIA AND PROCESS IF THE DONOR PREFERS NOT TO HAVE AN ADVISORY COMMITTEE, A NOMINATION PROCESS CAN BE CREATED IN WHICH THE ORGANIZATION'S GUIDANCE DEPARTMENT IDENTIFIES THE STUDENT BASED ON THE CRITERIA ESTABLISHED AND MAKES A RECOMMENDATION TO THE ORGANIZATION. THE ORGANIZATION'S STAFF PASSES THE INFORMATION ON TO THE DONOR AND/OR FUND ADVISOR FOR REVIEW. DURATION OF THE AWARD SCHOLARSHIP AWARDS ARE TO BE RENEWABLE IF THE STUDENT REMAINS ENROLLED AND IN GOOD ACADEMIC STANDING. THERE MAY BE A MAXIMUM NUMBER OF YEARS A STUDENT MAY APPLY FOR AND BE AWARDED A RENEWAL BASED ON THE NUMBER OF YEARS TO COMPLETE THE DEGREE PROGRAM. RENEWAL PROCESS SCHOLARSHIP GUIDELINES FOR RENEWAL GENERALLY REQUIRE THAT THE RECIPIENT COMPLETE A RENEWAL FORM ANNUALLY, RATHER THAN PERMITTING AN AUTOMATIC RENEWAL OF THE AWARD. THE RENEWAL FORM CONSISTS OF GENERAL INFORMATION AND INCLUDES AN UPDATE OF THE STUDENT'S ACADEMIC PROGRESS AND A TRANSCRIPT TO VERIFY ENROLLMENT AND ACADEMIC STANDING.

Schedule I (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....

Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ...............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........

Participate in, or receive payment from, an equity-based compensation arrangement? ........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 50053T

Schedule J (Form 990) 2011

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.

(A) Name		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(A) Name		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(1) BRIAN E PAYNE	(i) (ii)	14,529 276,059	0 0	0 0	490 9,310	1,279 24,305	16,298 309,674	0 0
(2) KAY WHITAKER	(i) (ii)	7,816 148,499	0 0	0 0	315 5,978	78 1,483	8,209 155,960	0 0
(3) ROBERT A MACPHERSON	(i) (ii)	13,819 124,368	0 0	0 0	568 5,113	1,762 15,854	16,149 145,335	0 0

Schedule J (Form 990) 2011

Page 3

Part III

Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.

Identifier	Return Reference	Explanation

Schedule J (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

NonCash Contributions

Complete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Part I

Types of Property

	(a) Check if applicable	(b) Number of Contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	13	1,539,714	SELLING PRICE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it

must hold for at least three years from the date of the initial contribution, and which is not required to be used

for exempt purposes for the entire holding period? ..................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ............................

32a

Yes

If "Yes," describe in Part II.

If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) 2011

Page 2

Part II

Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Identifier	Return Reference	Explanation
SCHEDULE M	PART 1 QUESTION 32B	A CUSTODIAL BANK IS USED TO SELL GIFTS OF STOCK THAT ARE RECEIVED AS CONTRIBUTIONS.

Schedule M (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Identifier	Return Reference	Explanation
STATEMENTS REGARDING OTHER IRS FILINGS & TAX COMPLIANCE	FORM 990 PART V QUESTION 2	Legacy Fund employees are paid through a common paymaster. The Central Indiana Community Foundation Inc. is the common paymaster (CICF EIN #35-1793680). CICF files all required federal employment tax returns, which include all Legacy Fund employees.
GOVERNANCE, MANAGEMENT & DISCLOSURE	FORM 990 PART VI	QUESTION 2: MIKE DAUGHERTY AND STEVE HOLT HAVE A BUSINESS RELATIONSHIP. PAUL ESTRIDGE AND OTTO FRENZEL HAVE A JOINT PARTNERSHIP IN LAND DEVELOPMENT. ALSO, JAMES ROEDERER AND CORBY THOMPSON HAVE A BUSINESS RELATIONSHIP. QUESTION 11B: FOLLOWING A DETAILED REVIEW BY THE CHIEF FINANCIAL OFFICER AND AN INDEPENDENT ACCOUNTING FIRM, THE FORM 990 AND SCHEDULES ARE PROVIDED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS. QUESTION 12C: Conflict of interest policies are completed annually by all board members and staff. The policy statements are reviewed annually by officers of Legacy Fund. A conflict of interest log is maintained with the name and relationship, if any, with other board members. When Foundation business is being conducted and there is a conflict, the board or staff members abstain from voting on related matters. This is documented in board minutes. QUESTION 15A & 15B: Comparative compensation information is gathered by the human resource manager and used to determine appropriateness of individual compensation for all employees as part of the annual review and budgeting process. This review is performed by the CEO, CFO, and COO. The Chairman of the Board of Directors performs a review and makes a recommendation for compensation adjustments for the CEO. The last review was in April 2011. QUESTION 19: THE PUBLIC DISCLOSURE COPY OF FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
RECONCILIATION OF NET ASSETS	PART XI	LINE 5 UNREALIZED GAIN ON INVESTMENTS ($1,354,886) UNREALIZED PENSION EXPENSE ($155,338) TRANSFERS ($40,729) FUND STATUS OF THE DEFINED BENEFIT PENSION PLAN $420,297 TOTAL ($1,130,656)
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:LARRY J. SABLOSKY TITLE:BOARD CHAIR HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:PEGGY O. MONSON TITLE:VICE-CHAIR HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:RON BRUMBARGER TITLE:BOARD MEMBER HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:STEVEN HOLT TITLE:BOARD MEMBER HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:BRIAN E. PAYNE TITLE:PRESIDENT & CEO, CICF/TIF HOURS:38
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:KAY WHITAKER TITLE:CFO HOURS:38
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:ROBERT A. MACPHERSON TITLE:VP FOR DEVELOPMENT HOURS:36
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:TERRY ANKER TITLE:PRESIDENT, LEGACY FUND HOURS:8
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:ELIZABETH TATE TITLE:VP, GRANTMAKING HOURS:36
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:MARK ROBBINS TITLE:VP, LEGACY FUND HOURS:8

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

LEGACY FUND INC

Employer identification number

20-0900981

Part I

Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)

(a) Name, address, and EIN of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled organization
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) SHEEHAN CHARITABLE FOUNDATION 515 EAST MAIN STREET CARMEL,IN460322258 26-2865905	CHARITABLE	IN	501(C)3	11A	NA		No

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2011

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership

Schedule R (Form 990) 2011

Page 3

Part V

Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)

Note. Complete line 1 if any entity is listed in Parts II, III or IV.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of other organization	(b) Transaction type(a-r)	(c) Amount involved	(d) Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)

Schedule R (Form 990) 2011

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2011

Page 5

Part VII

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R (see instructions).

Identifier	Return Reference	Explanation

Additional Data

Software ID:
Software Version: