Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET   Room/suite
City or town, state, and ZIP code
BALTIMORE, MD21231
A Employer identification number

52-1706022
B Telephone number (see page 10 of the instructions)

(410) 537-5404
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,232,219J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 28,711 28,214  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 99,014
b Gross sales price for all assets on line 6a 579,087
7 Capital gain net income (from Part IV, line 2)... 99,014
8 Net short-term capital gain......... 9,239
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 127,725 127,228 9,239
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 370,805 0 0 370,805
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,173 0 0 1,173
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 17,445 17,445   0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,687 653   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 450     450
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 392,560 18,098 0 372,428
25 Contributions, gifts, grants paid........ 28,806 28,806
26 Total expenses and disbursements. Add lines 24 and 25 421,366 18,098 0 401,234
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -293,641
b Net investment income (if negative, enter -0-) 109,130
c Adjusted net income (if negative, enter -0-)... 9,239
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 99,039 29,450 29,450
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,580,760 Click to see attachment1,395,643 1,645,216
c Investments—corporate bonds (attach schedule)........ 557,699 Click to see attachment518,822 557,553
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   5,691,400    
15 Other assets (describe bullet) Click to see attachment2,270,803    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,199,701 1,943,915 2,232,219
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 10,199,701 1,943,915
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,199,701 1,943,915
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,199,701 1,943,915
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 10,199,701
2 Enter amount from Part I, line 27a..................... 2 -293,641
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 58
4 Add lines 1, 2, and 3.......................... 4 9,906,118
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 7,962,203
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,943,915
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a . PROCEEDS OF LITIGATION FROM FOREST LABORATORIES INC     2011-01-04
b 5. STERICYCLE INC   2010-02-04 2011-01-07
c 12. STERICYCLE INC   2010-02-04 2011-01-07
d 1. STERICYCLE INC   2010-02-04 2011-01-10
e 28. TRIMBLE NAV LTD   2008-11-21 2011-01-18
30. DAVITA INC   2007-12-13 2011-01-31
30. ABB LTD SPON ADR   2010-12-31 2011-02-09
9. ALLERGAN INC   2006-06-14 2011-02-09
11. AMPHENOL CORP - CL A   2010-04-20 2011-02-09
6. ANSYS INC   2011-01-18 2011-02-09
3. ANSYS INC   2011-01-18 2011-02-09
2. APPLE COMPUTER INC.   2008-10-07 2011-02-09
17. BANK OF NEW YORK MELLON CORP   2001-10-08 2011-02-09
16. CANADIAN NATURAL RESOURCES LTD   2009-04-21 2011-02-09
27. CISCO SYSTEMS   2010-11-12 2011-02-09
8. CITRIX SYSTEMS INC   2008-07-01 2011-02-09
11. COACH INC   2008-03-18 2011-02-09
8. COGNIZANT TECH SOLUTIONS CRP COM   2008-12-05 2011-02-09
8. COSTCO WHOLESALE CORPORATION   2009-05-29 2011-02-09
13. COVANCE INC   2009-07-16 2011-02-09
11. DANAHER CORP   2008-03-18 2011-02-09
6. DAVITA INC   2007-12-13 2011-02-09
8. FMC TECHNOLOGIES INC   2010-05-10 2011-02-09
9. FLUOR CORP NEW COM   2010-11-22 2011-02-09
2. GOOGLE INC CL A   2010-06-02 2011-02-09
7. IDEXX LABORATORIES CORP   2009-03-17 2011-02-09
2. INTUITIVE SURGICAL INC   2010-08-23 2011-02-09
2. MASTERCARD INC   2008-09-25 2011-02-09
8. MEAD JOHNSON NUTRITION CO   2011-01-18 2011-02-09
10. NETAPP INC   2008-06-30 2011-02-09
15. QUALCOMM CORP.   2009-09-04 2011-02-09
9. ROPER INDUSTRIES INC NEW   2008-10-20 2011-02-09
3. SALESFORCE COM INC   2009-02-12 2011-02-09
8. SCHLUMBERGER LTD.   2003-08-11 2011-02-09
32. CHARLES SCHWAB CORP.   2008-07-01 2011-02-09
7. STERICYCLE INC   2010-02-04 2011-02-09
7. TRIMBLE NAV LTD   2008-11-21 2011-02-09
15. URBAN OUTFITTERS INC   2010-05-24 2011-02-09
13. ACCENTURE PLC CL A   2007-11-29 2011-02-09
28. GENPACT LIMITED   2010-10-19 2011-02-09
1472.754 BROWN ADV GROWTH EQTY FUND I   2007-10-29 2011-02-10
77. CISCO SYSTEMS   1998-09-18 2011-02-15
73. CISCO SYSTEMS   1998-09-18 2011-02-17
33. ABB LTD SPON ADR   2010-12-31 2011-02-28
26. ABB LTD SPON ADR   2009-09-25 2011-02-28
9. ALLERGAN INC   2006-06-14 2011-02-28
41. ALLERGAN INC   2006-06-14 2011-02-28
22. AMPHENOL CORP - CL A   2010-04-20 2011-02-28
3. ANSYS INC   2010-12-31 2011-02-28
13. ANSYS INC   2011-01-18 2011-02-28
6. APPLE COMPUTER INC.   2008-10-07 2011-02-28
32. BANK OF NEW YORK MELLON CORP   2004-11-03 2011-02-28
31. CANADIAN NATURAL RESOURCES LTD   2009-04-21 2011-02-28
38. CISCO SYSTEMS   1998-09-18 2011-02-28
16. CITRIX SYSTEMS INC   2008-07-21 2011-02-28
22. COACH INC   2008-03-18 2011-02-28
16. COGNIZANT TECH SOLUTIONS CRP COM   2008-12-05 2011-02-28
16. COSTCO WHOLESALE CORPORATION   2009-05-29 2011-02-28
27. COVANCE INC   2009-07-16 2011-02-28
21. DANAHER CORP   2008-03-18 2011-02-28
1. FMC TECHNOLOGIES INC   2010-05-10 2011-02-28
16. FMC TECHNOLOGIES INC   2011-02-15 2011-02-28
19. FLUOR CORP NEW COM   2010-11-22 2011-02-28
3. GOOGLE INC CL A   2010-07-21 2011-02-28
15. IDEXX LABORATORIES CORP   2009-03-17 2011-02-28
1. INTUITIVE SURGICAL INC   2011-01-07 2011-02-28
3. INTUITIVE SURGICAL INC   2010-10-20 2011-02-28
6. MASTERCARD INC   2008-09-25 2011-02-28
11. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-02-28
4. MEAD JOHNSON NUTRITION CO   2011-01-18 2011-02-28
21. NETAPP INC   2011-02-17 2011-02-28
3187.25 BROWN ADVISORY VALUE EQUITY FUND   2003-02-28 2011-02-28
29. QUALCOMM CORP.   2009-09-23 2011-02-28
16. ROPER INDUSTRIES INC NEW   2008-10-15 2011-02-28
6. SALESFORCE COM INC   2009-02-12 2011-02-28
16. SCHLUMBERGER LTD.   2003-08-11 2011-02-28
62. CHARLES SCHWAB CORP.   2008-07-01 2011-02-28
14. STERICYCLE INC   2010-02-04 2011-02-28
14. TRIMBLE NAV LTD   2008-11-21 2011-02-28
30. URBAN OUTFITTERS INC   2010-05-24 2011-02-28
25. ACCENTURE PLC CL A   2008-02-20 2011-02-28
54. GENPACT LIMITED   2010-10-19 2011-02-28
18. ALLERGAN INC   2006-06-14 2011-03-01
25. ALLERGAN INC   2006-06-14 2011-03-01
41. ALLERGAN INC   2009-07-16 2011-03-02
58. ALLERGAN INC   2009-07-16 2011-03-02
19. CANADIAN NATURAL RESOURCES LTD   2009-04-21 2011-03-04
12. FMC TECHNOLOGIES INC   2010-05-27 2011-03-04
6. FMC TECHNOLOGIES INC   2010-05-27 2011-03-07
80. CISCO SYSTEMS   1998-09-18 2011-03-08
57. CISCO SYSTEMS   1998-09-18 2011-03-15
61. CISCO SYSTEMS   2002-07-29 2011-03-16
172. CISCO SYSTEMS   2002-10-09 2011-03-29
7. COVANCE INC   2009-04-29 2011-04-05
19. COVANCE INC   2009-04-29 2011-04-05
6. INTUITIVE SURGICAL INC   2010-11-30 2011-04-05
6. MASTERCARD INC   2008-09-25 2011-04-05
11. FMC TECHNOLOGIES INC   2010-05-27 2011-04-15
6. SCHLUMBERGER LTD.   2003-08-11 2011-04-15
15. CANADIAN NATURAL RESOURCES LTD   2009-04-21 2011-04-26
45. TRIMBLE NAV LTD   2009-03-17 2011-04-29
11. TRIMBLE NAV LTD   2009-03-17 2011-05-02
19. TRIMBLE NAV LTD   2009-03-17 2011-05-03
25. TRIMBLE NAV LTD   2009-03-17 2011-05-04
6. COACH INC   2011-03-15 2011-05-05
14. COACH INC   2011-03-15 2011-05-05
1. COACH INC   2008-03-18 2011-05-05
7. COSTCO WHOLESALE CORPORATION   2009-06-23 2011-05-05
35. TRIMBLE NAV LTD   2009-03-17 2011-05-05
9. CITRIX SYSTEMS INC   2008-07-21 2011-05-11
10. ABB LTD SPON ADR   2009-09-25 2011-05-12
5. AMPHENOL CORP - CL A   2010-04-20 2011-05-12
5. ANSYS INC   2010-12-31 2011-05-12
5. APPLE COMPUTER INC.   2008-10-08 2011-05-12
10. BANK OF NEW YORK MELLON CORP   2004-11-03 2011-05-12
10. CANADIAN NATURAL RESOURCES LTD   2009-04-21 2011-05-12
5. COACH INC   2008-03-18 2011-05-12
5. COVANCE INC   2009-04-29 2011-05-12
5. DANAHER CORP   2008-03-18 2011-05-12
10. EXPRESS SCRIPTS INC-CL A   2011-04-05 2011-05-12
3. FMC TECHNOLOGIES INC   2010-05-27 2011-05-12
7. FMC TECHNOLOGIES INC   2005-11-18 2011-05-12
5. FLUOR CORP NEW COM   2011-03-04 2011-05-12
5. GOLUB CAPITAL BDC INC   2011-03-31 2011-05-12
5. INTUITIVE SURGICAL INC   2010-11-30 2011-05-12
5. MASTERCARD INC   2008-09-25 2011-05-12
5. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-05-12
1. NATIONAL INSTRS CORP   2011-05-02 2011-05-12
4. NATIONAL INSTRS CORP   2011-05-03 2011-05-12
2. NETAPP INC   2011-02-17 2011-05-12
3. NETAPP INC   2008-06-30 2011-05-12
10. QUALCOMM CORP.   2009-09-23 2011-05-12
5. SALESFORCE COM INC   2009-02-12 2011-05-12
15. CHARLES SCHWAB CORP.   2008-04-17 2011-05-12
5. URBAN OUTFITTERS INC   2010-05-24 2011-05-12
5. ACCENTURE PLC CL A   2008-02-20 2011-05-12
10. GENPACT LIMITED   2010-06-02 2011-05-12
1020.409 OAKMARK INTL SMALL CAP CL I   2010-11-19 2011-05-13
1563.722 BROWN ADVISORY VALUE EQUITY FUND   2003-02-28 2011-05-13
747.942 BROWN CARDINAL   2007-12-12 2011-05-13
594.707 SCOUT INTERNATIONAL FUND   2010-05-28 2011-05-13
666.222 BROWN ADV SMALL CAP GROWTH FUND   2007-10-29 2011-06-01
904.977 BROWN CARDINAL   2007-10-29 2011-06-01
48. ABB LTD SPON ADR   2009-09-25 2011-06-13
15. DANAHER CORP   2008-03-18 2011-06-13
19. QUALCOMM CORP.   2009-09-23 2011-06-13
. PROCEEDS OF LITIGATION FROM QWEST COMMUNICATIONS     2011-06-13
7. DAVITA INC   2011-03-02 2011-06-23
12. ROPER INDUSTRIES INC NEW   2008-10-15 2011-06-23
7. STERICYCLE INC   2010-02-04 2011-06-23
3. DAVITA INC   2011-03-01 2011-06-24
2. DAVITA INC   2011-02-28 2011-06-24
3. DAVITA INC   2007-12-13 2011-06-24
1. ROPER INDUSTRIES INC NEW   2008-10-15 2011-06-24
6. STERICYCLE INC   2010-02-03 2011-06-24
30. ACCENTURE PLC CL A   2008-02-20 2011-06-28
2. APPLE COMPUTER INC.   2011-06-13 2011-07-14
. PROCEEDS OF LITIGATION FROM QWEST COMMUNICATIONS     2011-07-28
67. ABB LTD SPON ADR   2009-09-25 2011-08-03
16. ABB LTD SPON ADR   2009-09-25 2011-08-03
3. APPLE COMPUTER INC.   2011-06-13 2011-08-03
1. APPLE COMPUTER INC.   2011-06-13 2011-08-03
1. APPLE COMPUTER INC.   2008-10-08 2011-08-03
35. BANK OF NEW YORK MELLON CORP   2004-11-03 2011-08-03
1. GOOGLE INC CL A   2011-05-05 2011-08-03
2. GOOGLE INC CL A   2011-05-05 2011-08-03
136. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-05
10. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-08
10. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-08
116. BANK OF NEW YORK MELLON CORP   2010-10-18 2011-08-08
1596.54 BROWN ADVISORY INTERMED INCOME FUND   1997-07-15 2011-08-17
135.062 BROWN ADVISORY INTERMED INCOME FUND   2010-12-09 2011-08-17
4. MASTERCARD INC   2008-09-25 2011-08-18
12. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-08-19
81. URBAN OUTFITTERS INC   2010-05-25 2011-08-23
70. URBAN OUTFITTERS INC   2010-05-25 2011-08-24
8. URBAN OUTFITTERS INC   2010-05-25 2011-08-24
77. URBAN OUTFITTERS INC   2010-08-05 2011-08-24
26. URBAN OUTFITTERS INC   2010-09-29 2011-08-24
22. URBAN OUTFITTERS INC   2010-08-05 2011-08-25
27. URBAN OUTFITTERS INC   2011-03-08 2011-08-25
52. URBAN OUTFITTERS INC   2011-03-29 2011-08-25
796.814 OAKMARK INTL SMALL CAP CL I   2010-11-19 2011-08-30
1131.222 LAUDUS MONDRIAN EMG MKT INS   2009-05-07 2011-08-30
338.639 SCOUT INTERNATIONAL FUND   2010-05-28 2011-08-30
7. IDEXX LABORATORIES CORP   2009-03-17 2011-08-31
7. IDEXX LABORATORIES CORP   2009-03-17 2011-09-01
13. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
5. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
10. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
4. APPLE COMPUTER INC.   2008-10-08 2011-09-21
28. ABB LTD SPON ADR   2009-09-25 2011-09-22
3. ABB LTD SPON ADR   2009-09-25 2011-09-22
31. ABB LTD SPON ADR   2009-10-02 2011-09-22
5. STERICYCLE INC   2011-08-03 2011-09-22
40. GENPACT LIMITED   2010-06-02 2011-09-22
2. STERICYCLE INC   2011-08-03 2011-09-23
17. GENPACT LIMITED   2010-04-01 2011-09-23
858.369 OAKMARK INTL SMALL CAP CL I   2010-11-19 2011-09-27
436.681 SCOUT INTERNATIONAL FUND   2010-05-28 2011-09-27
1. APPLE COMPUTER INC.   2008-10-08 2011-10-04
1. APPLE COMPUTER INC.   2008-10-08 2011-10-06
2. APPLE COMPUTER INC.   2008-10-08 2011-10-06
3. APPLE COMPUTER INC.   2008-10-08 2011-10-10
413.223 OAKMARK INTL SMALL CAP CL I   2010-11-19 2011-10-17
3. INTUITIVE SURGICAL INC   2007-01-23 2011-10-21
16. ACCENTURE PLC CL A   2008-02-20 2011-10-21
1743.679 BROWN ADVISORY INTERMED INCOME FUND   1997-07-15 2011-10-25
92. ABB LTD SPON ADR   2009-10-02 2011-10-28
7. CITRIX SYSTEMS INC   2011-08-03 2011-10-28
8. CITRIX SYSTEMS INC   2011-08-03 2011-10-28
13. CITRIX SYSTEMS INC   2008-07-21 2011-10-28
1. COGNIZANT TECH SOLUTIONS CRP COM   2008-12-05 2011-10-28
11. COGNIZANT TECH SOLUTIONS CRP COM   2011-06-28 2011-10-28
2. INTUITIVE SURGICAL INC   2007-01-23 2011-10-28
24. ABB LTD SPON ADR   2009-10-02 2011-11-08
21. AMPHENOL CORP - CL A   2011-10-28 2011-11-08
2. AMPHENOL CORP - CL A   2010-04-20 2011-11-08
6. ANSYS INC   2011-03-16 2011-11-08
4. ANSYS INC   2010-12-31 2011-11-08
3. APPLE COMPUTER INC.   2008-10-08 2011-11-08
21. CANADIAN NATURAL RESOURCES LTD   2011-06-23 2011-11-08
11. CITRIX SYSTEMS INC   2008-07-24 2011-11-08
18. COACH INC   2011-08-19 2011-11-08
13. COGNIZANT TECH SOLUTIONS CRP COM   2008-12-05 2011-11-08
14. COSTCO WHOLESALE CORPORATION   2009-06-23 2011-11-08
16. COVANCE INC   2009-04-29 2011-11-08
19. DANAHER CORP   2011-10-28 2011-11-08
13. DAVITA INC   2011-10-21 2011-11-08
25. EXPRESS SCRIPTS INC-CL A   2011-04-05 2011-11-08
6. FMC TECHNOLOGIES INC   2005-11-18 2011-11-08
16. FMC TECHNOLOGIES INC   2011-06-23 2011-11-08
20. FLUOR CORP NEW COM   2011-03-07 2011-11-08
10. FOSSIL INC   2011-09-21 2011-11-08
3. GOOGLE INC CL A   2011-04-15 2011-11-08
10. IDEXX LABORATORIES CORP   2008-10-24 2011-11-08
2. INTUITIVE SURGICAL INC   2007-01-23 2011-11-08
2. MASTERCARD INC   2008-09-29 2011-11-08
13. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-11-08
27. NATIONAL INSTRS CORP   2011-05-03 2011-11-08
22. NETAPP INC   2011-07-14 2011-11-08
1306.62 BROWN ADVISORY INTERMED INCOME FUND   1997-03-27 2011-11-08
19. QUALCOMM CORP.   2009-10-02 2011-11-08
10. ROPER INDUSTRIES INC NEW   2008-10-15 2011-11-08
5. SALESFORCE COM INC   2011-09-22 2011-11-08
4.18171 SCHLUMBERGER LTD.   2011-06-23 2011-11-08
12.81829 SCHLUMBERGER LTD.   2011-10-31 2011-11-08
10. CHARLES SCHWAB CORP.   2011-04-05 2011-11-08
36. CHARLES SCHWAB CORP.   2008-04-17 2011-11-08
11. STERICYCLE INC   2011-08-03 2011-11-08
16. ACCENTURE PLC CL A   2008-01-14 2011-11-08
36. GENPACT LIMITED   2010-04-01 2011-11-08
8. CORE LABORATORIES N V   2011-09-16 2011-11-08
1291.99 BROWN ADVISORY VALUE EQUITY FUND   2003-02-28 2011-11-09
6. ANSYS INC   2010-10-13 2011-11-21
17. ANSYS INC   2011-03-16 2011-11-21
6. COVANCE INC   2009-04-29 2011-11-30
8. COVANCE INC   2009-04-29 2011-12-01
5. COVANCE INC   2009-04-29 2011-12-02
30. FMC TECHNOLOGIES INC   2005-11-18 2011-12-12
1512.859 SCOUT INTERNATIONAL FUND   2010-05-28 2011-12-21
5494.505 WELLS FARGO ADJ RATE   2010-10-04 2011-12-21
11. MEAD JOHNSON NUTRITION CO   2010-12-31 2011-12-22
38. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-12-22
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 10     10
b 389   271 118
c 933   651 282
d 77   54 23
e 1,237   420 817
2,217   1,703 514
705   677 28
647   453 194
628   516 112
323   331 -8
161   166 -5
712   189 523
541   523 18
703   355 348
592   551 41
522   232 290
626   312 314
606   131 475
594   382 212
708   635 73
544   412 132
458   340 118
729   508 221
625   522 103
1,237   1,020 217
524   228 296
671   575 96
499   393 106
481   505 -24
593   218 375
837   681 156
733   399 334
407   79 328
710   187 523
596   664 -68
593   380 213
328   105 223
561   539 22
679   449 230
416   486 -70
20,000   17,069 2,931
1,434   1,172 262
1,363   1,111 252
805   744 61
634   525 109
666   453 213
3,026   2,063 963
1,257   1,033 224
166   159 7
720   724 -4
2,118   566 1,552
971   952 19
1,538   689 849
706   578 128
1,116   450 666
1,208   623 585
1,216   261 955
1,191   764 427
1,521   1,149 372
1,057   787 270
92   64 28
1,464   1,408 56
1,331   1,096 235
1,841   1,454 387
1,171   485 686
332   266 66
997   802 195
1,464   1,179 285
660   690 -30
240   252 -12
1,089   1,116 -27
40,000   30,853 9,147
1,728   1,302 426
1,343   708 635
790   159 631
1,480   374 1,106
1,169   1,238 -69
1,210   759 451
687   210 477
1,142   1,078 64
1,294   863 431
751   933 -182
1,324   906 418
1,840   1,257 583
2,919   1,987 932
4,143   2,464 1,679
961   422 539
1,146   755 391
574   370 204
1,454   1,218 236
989   867 122
1,054   844 210
2,975   1,712 1,263
413   282 131
1,122   767 355
2,133   1,537 596
1,578   1,179 399
501   339 162
522   140 382
691   333 358
2,102   655 1,447
512   155 357
844   268 576
1,023   351 672
356   311 45
829   725 104
59   28 31
564   330 234
1,515   486 1,029
741   251 490
264   202 62
276   235 41
277   265 12
1,732   466 1,266
285   294 -9
415   222 193
306   142 164
309   202 107
271   187 84
597   571 26
125   93 32
292   65 227
354   355 -1
79   79  
1,803   1,278 525
1,410   982 428
338   314 24
30   30  
120   121 -1
108   106 2
162   65 97
572   447 125
677   132 545
269   299 -30
165   180 -15
283   171 112
173   171 2
15,000   13,878 1,122
20,000   15,137 4,863
10,000   8,451 1,549
20,000   15,724 4,276
10,000   10,147 -147
12,000   13,910 -1,910
1,205   969 236
770   562 208
1,033   848 185
47     47
591   564 27
978   528 450
609   379 230
250   239 11
167   158 9
250   170 80
82   44 38
513   325 188
1,788   1,026 762
716   654 62
123     123
1,526   1,347 179
365   321 44
1,160   981 179
391   327 64
391   93 298
847   1,029 -182
588   538 50
1,188   1,076 112
3,130   3,932 -802
224   274 -50
212   274 -62
2,459   3,080 -621
18,440   16,668 1,772
1,560   1,509 51
1,240   786 454
815   752 63
2,142   2,906 -764
1,792   2,510 -718
207   287 -80
1,982   2,585 -603
669   859 -190
534   716 -182
655   869 -214
1,270   1,596 -326
10,000   10,837 -837
10,000   8,834 1,166
10,000   8,954 1,046
561   225 336
548   225 323
562   523 39
216   201 15
431   402 29
1,675   373 1,302
467   562 -95
50   60 -10
517   619 -102
393   407 -14
598   683 -85
158   163 -5
251   289 -38
10,000   11,674 -1,674
12,000   11,546 454
358   93 265
383   93 290
749   186 563
1,154   279 875
5,000   5,620 -620
1,244   294 950
924   541 383
20,000   17,929 2,071
1,832   1,788 44
516   491 25
583   556 27
948   362 586
75   16 59
830   802 28
876   196 680
458   466 -8
1,002   1,030 -28
95   94 1
357   311 46
238   212 26
1,219   279 940
800   832 -32
815   299 516
1,174   867 307
925   212 713
1,188   635 553
783   646 137
942   963 -21
967   898 69
1,205   1,427 -222
286   56 230
762   644 118
1,119   1,417 -298
947   984 -37
1,841   1,599 242
741   321 420
883   196 687
734   365 369
941   815 126
744   816 -72
964   1,112 -148
15,000   13,406 1,594
1,082   795 287
848   440 408
668   585 83
321   346 -25
983   983  
128   187 -59
461   718 -257
894   895 -1
939   535 404
607   613 -6
900   851 49
15,000   12,506 2,494
346   272 74
980   878 102
275   242 33
364   323 41
227   202 25
1,491   280 1,211
41,770   40,000 1,770
50,000   50,165 -165
699   685 14
2,415   2,368 47
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       10
b       118
c       282
d       23
e       817
      514
      28
      194
      112
      -8
      -5
      523
      18
      348
      41
      290
      314
      475
      212
      73
      132
      118
      221
      103
      217
      296
      96
      106
      -24
      375
      156
      334
      328
      523
      -68
      213
      223
      22
      230
      -70
      2,931
      262
      252
      61
      109
      213
      963
      224
      7
      -4
      1,552
      19
      849
      128
      666
      585
      955
      427
      372
      270
      28
      56
      235
      387
      686
      66
      195
      285
      -30
      -12
      -27
      9,147
      426
      635
      631
      1,106
      -69
      451
      477
      64
      431
      -182
      418
      583
      932
      1,679
      539
      391
      204
      236
      122
      210
      1,263
      131
      355
      596
      399
      162
      382
      358
      1,447
      357
      576
      672
      45
      104
      31
      234
      1,029
      490
      62
      41
      12
      1,266
      -9
      193
      164
      107
      84
      26
      32
      227
      -1
       
      525
      428
      24
       
      -1
      2
      97
      125
      545
      -30
      -15
      112
      2
      1,122
      4,863
      1,549
      4,276
      -147
      -1,910
      236
      208
      185
      47
      27
      450
      230
      11
      9
      80
      38
      188
      762
      62
      123
      179
      44
      179
      64
      298
      -182
      50
      112
      -802
      -50
      -62
      -621
      1,772
      51
      454
      63
      -764
      -718
      -80
      -603
      -190
      -182
      -214
      -326
      -837
      1,166
      1,046
      336
      323
      39
      15
      29
      1,302
      -95
      -10
      -102
      -14
      -85
      -5
      -38
      -1,674
      454
      265
      290
      563
      875
      -620
      950
      383
      2,071
      44
      25
      27
      586
      59
      28
      680
      -8
      -28
      1
      46
      26
      940
      -32
      516
      307
      713
      553
      137
      -21
      69
      -222
      230
      118
      -298
      -37
      242
      420
      687
      369
      126
      -72
      -148
      1,594
      287
      408
      83
      -25
       
      -59
      -257
      -1
      404
      -6
      49
      2,494
      74
      102
      33
      41
      25
      1,211
      1,770
      -165
      14
      47
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 99,014
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 9,239
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 346,326 2,552,360 0.135689
2009 893,310 2,486,510 0.359263
2008 847,889 3,281,634 0.258374
2007 753,349 3,679,268 0.204755
2006 606,716 3,297,574 0.183989
2 Total of line 1, column (d) ...................... 2 1.14207
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.228414
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 2,472,134
5 Multiply line 4 by line 3....................... 5 564,670
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,091
7 Add lines 5 and 6......................... 7 565,761
8 Enter qualifying distributions from Part XII, line 4.............. 8 401,234
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,183
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,183
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,183
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,091
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,557
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,648
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,464
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet1,464 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletVA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
     
    No
    Website addressbullet  
    14
    The books are in care ofbulletBROWN INV ADVISORY Telephone no.bullet (410) 537-5484
    Located atbullet901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4bullet21231
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MICHAEL D HANKIN TRUSTEE
    0     		0    
    901 SOUTH BOND ST
    BALTIMORE,MD21231
    STANARD T KLINEFELTER TRUSTEE
    0     		0    
    901 SOUTH BOND ST
    BALTIMORE,MD21231
    ANDRE W BREWSTER TRUSTEE
    0     		0    
    6225 SMITH AVENUE
    BALTIMORE,MD21209
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 HISTORIC LONG BRANCH FARM AND MUSEUM 830 LONG BRANCH LANE MILLWOOD, VA 22646 370,805
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,449,824
    b
    Average of monthly cash balances.......................
    1b
    59,957
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,509,781
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,509,781
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    37,647
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,472,134
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    123,607
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    0
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    0
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    401,234
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    401,234
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    401,234
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$  
    a Applied to 2010, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2011 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
    1991-07-24
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
    9,239 13,973     23,212
    b 85% of line 2a ......... 7,853 11,877     19,730
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		401,234 346,326 893,691 848,478 2,489,729
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		401,234 346,326 893,691 848,478 2,489,729
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 2,232,219 10,635,992 11,193,260 10,547,969 34,609,440
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		82,405 85,079 82,884 109,388 359,756
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HISTORIC LONG BRANCH
    830 LONG BRANCH LANE
    MILLWOOD,VA22646     		NONE PUBLIC CHARITY GARDENS UPKEEP 28,806
    Total .................................bullet 3a 28,806
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 28,711  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 99,014  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   127,725  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13127,725
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    6 GROSS RENTS
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INC MUT FDS 518,822 557,553

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 188,339 287,610
    EQUITY MUTUAL FUNDS 1,019,424 1,158,105
    EQUITY PARTNERSHIPS 150,000 146,063
    FOREIGN STOCK 37,880 53,438

    TY 2011 LegalFeesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,173     1,173


    TY 2011 OtherAssetsSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CAP IMPROVEMENTS-FARM 204,172 0 0
    CAP IMPROVEMENTS-ESTATE 267,365 0 0
    GARDEN IMPROVEMENTS 142,393 0 0
    OTHER 1,656,873 0 0
    CDK GLOBAL SELECT FUND   0 0
    MIDDLEBURG BANK CD   0 0
    LBHHF CD   0 0


    TY 2011 OtherDecreasesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Description Amount
    OTHER ASSETS DELIVERED TO HLB 7,962,203


    TY 2011 OtherExpensesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSES 450 0   450


    TY 2011 OtherIncreasesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Description Amount
    OTHER BOOK VALUE ADJUSTMENT 58


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES-PRIN 17,439 17,439    
    OTHER NONALLOCABLE EXPENSES - 6 6    


    TY 2011 TaxesSchedule
    Name:
    HARRY Z ISAACS FOUNDATION
    EIN: 52-1706022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 19 19   0
    FEDERAL EXCISE TAX 1,472 0   0
    QUARTERLY TAX DEPOSIT 562 0   0
    FOREIGN TAXES ON QUALIFIED FOR 634 634   0