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
DONALD & ALICE NOBLE FOUNDATION INC
 
% DAVID D NOBLE
Number and street (or P.O. box number if mail is not delivered to street address)1061 VENTURE BLVD   Room/suite
City or town, state, and ZIP code
WOOSTER, OH44691
A Employer identification number

34-1665641
B Telephone number (see page 10 of the instructions)

(330) 264-8066
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$38,715,591J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 173 173  
4 Dividends and interest from securities...... 875,409 875,409  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -566,786
b Gross sales price for all assets on line 6a 1,052,187
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 95,967
b Less: Cost of goods sold.... 60,263
c Gross profit or (loss) (attach schedule)..... 35,704 35,704
11 Other income (attach schedule)....... Click to see attachment 440,888 50,665 390,223
12 Total. Add lines 1 through 11........ 785,388 926,247 425,927
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 100,000    
14 Other employee salaries and wages...... 293,651 36,000 182,096 75,755
15 Pension plans, employee benefits....... 11,844 11,844    
16a Legal fees (attach schedule)......... 7,109 7,109    
b Accounting fees (attach schedule)....... Click to see attachment 30,625 20,625 7,062 2,938
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 27,522   19,271 8,018
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,614 1,614  
20 Occupancy.............. 27,000 27,000    
21 Travel, conferences, and meetings....... 45,559 45,559    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 699,887 326,383 217,498 90,481
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,244,811 576,134 425,927 177,192
25 Contributions, gifts, grants paid........ 1,585,430 1,550,430
26 Total expenses and disbursements. Add lines 24 and 25 2,830,241 576,134 425,927 1,727,622
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,044,853
b Net investment income (if negative, enter -0-) 350,113
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 1,035,098 184,803 184,803
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet266,401
Less: allowance for doubtful accounts bullet   10,152,490 266,401 266,401
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) bullet3,866,970
Less: allowance for doubtful accounts bullet   3,993,732 Click to see attachment3,866,970 3,866,970
8 Inventories for sale or use............... 15,106 18,943 18,943
9 Prepaid expenses and deferred charges........... 7,331 9,828 9,828
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 21,337,330 Click to see attachment27,188,230 27,188,230
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet1,899,640
Less: accumulated depreciation (attach schedule) bullet0 2,233,610 1,899,640 1,899,640
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,516,523 Click to see attachment5,279,374 5,279,374
14 Land, buildings, and equipment: basis bullet14,524
Less: accumulated depreciation (attach schedule) bullet13,122 3,017 Click to see attachment1,402 1,402
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,294,237 38,715,591 38,715,591
Liabilities 17 Accounts payable and accrued expenses.......... 606,666 51,391
18 Grants payable................... 154,750 35,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment9,714 Click to see attachment9,559
23 Total liabilities (add lines 17 through 22).......... 771,130 95,950
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 41,523,107 38,619,641
30 Total net assets or fund balances (see page 17 of the
instructions).................... 41,523,107 38,619,641
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 42,294,237 38,715,591
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 41,523,107
2 Enter amount from Part I, line 27a..................... 2 -2,044,853
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 39,478,254
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 858,613
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 38,619,641
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 NORTH COAST ANGEL FUND      
b NORTH COAST ANGEL FUND II      
c COMMON SENSE PARTNERS      
d NOBLE HERITAGE, LLC - INSTALLMENT SALE      
e 3010 AKRON ROAD - 37 ACRES   2010-12-27 2011-10-31
LPL FINANCIAL      
LPL FINANCIAL      
MASSEY/CHARLES SCHWAB      
MASSEY/CHARLES SCHWAB      
1ST GLOBAL CAPITAL CORP      
1ST GLOBAL CAPITAL CORP      
MORGAN STANLEY/SMITH BARNEY      
MORGAN STANLEY/SMITH BARNEY      
NORTH COAST ANGEL FUND      
(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     287 -287
b 33,078     33,078
c 6,000     6,000
d 660,301     660,301
e 300,000   333,969 -33,969
    866,905 -866,905
    177,146 -177,146
    3,657 -3,657
    9,111 -9,111
    226,898 -226,898
36,429     36,429
7,436     7,436
8,943     8,943
    1,000 -1,000
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       -287
b       33,078
c       6,000
d       660,301
e       -33,969
      -866,905
      -177,146
      -3,657
      -9,111
      -226,898
      36,429
      7,436
      8,943
      -1,000
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 -566,786
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 586,895 25,785,674 0.022761
2009 2,841,761 11,880,265 0.2392
2008 3,341,963 15,745,436 0.21225
2007 2,612,633 17,306,561 0.150962
2006 2,774,683 17,641,847 0.157278
2 Total of line 1, column (d) ...................... 2 0.782451
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 0.15649
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 39,897,345
5 Multiply line 4 by line 3....................... 5 6,243,536
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,501
7 Add lines 5 and 6......................... 7 6,247,037
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,727,622
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 7,002
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 7,002
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,002
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 5,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 107
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,109
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletOH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletDAVID D NOBLE Telephone no.bullet (330) 264-8066
    Located atbullet1061 VENTURE BLVDWOOSTEROH ZIP+4bullet44691
    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
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DAVID D NOBLE PRESIDENT
    30.0     		100,000 0 0
    1061 VENTURE BLVD
    WOOSTER,OH44691
    DONALD NOBLE II Secretary
    1.0     		0 0 0
    9464 cemetary road
    shreve,OH44676
    NANCY L HOLLAND VICE PRESIDENT
    1.0     		0 0 0
    810 La Vina Ln
    Altadena,CA91001
    CHRIS SCHMID TRUSTEE
    1.0     		0 0 0
    2098 AUTUMN ROAD
    WOOSTER,OH44691
    STEVE MATTHEW TRUSTEE
    1.0     		0 0 0
    1061 VENTURE BLVD
    WOOSTER,OH44691
    MATTHEW NOBLE TRUSTEE
    1.0     		0 0 0
    1061 VENTURE BLVD
    WOOSTER,OH44691
    FRANK RASMUSSEN TRUSTEE
    1.0     		0 0 0
    1061 VENTURE BLVD
    WOOSTER,OH44691
    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
    SETH R GREENBERG ICE ARENA MANAGER
    40.0     		93,218    
    780 WILDWOOD DRIVE
    WOOSTER,OH44691
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    24,262,780
    b
    Average of monthly cash balances.......................
    1b
    609,951
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    15,632,188
    d
    Total (add lines 1a, b, and c).........................
    1d
    40,504,919
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    40,504,919
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    607,574
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    39,897,345
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,994,867
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,994,867
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    7,002
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,002
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,987,865
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,987,865
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,987,865
    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
    1,727,622
    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
    1,727,622
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,727,622
    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 1,987,865
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:2009, 2008, 2007 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 1,922,445
    b From 2007....... 1,776,503
    c From 2008....... 2,584,011
    d From 2009....... 2,247,748
    e From 2010.......  
    fTotal of lines 3a through e......... 8,530,707
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 1,727,622
    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)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 1,727,622
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 260,243 260,243
    (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 8,270,464
    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......     		 
    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) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		1,662,202
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		6,608,262
    10 Analysis of line 9:
    a Excess from 2007.... 1,776,503
    b Excess from 2008.... 2,584,011
    c Excess from 2009.... 2,247,748
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DAVID NOBLE
    1061 VENTURE BLVD
    WOOSTER,OH44691
    (330) 264-8066
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM OR APPLICATION REQUIRED
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    American Red Cross - Wayne County Chapter
    244 West South St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 800
    Buckeye Council BSA
    2301 - 13th St NW
    CANTON,OH44708     		NONE CHARITY general operating & support program 12,500
    Case Western Reserve Univ Mandel School
    11235 Bellflower Rd
    CLEVELAND,OH44106     		NONE CHARITY general operating & support program 10,000
    Central American Medical Outreach
    322 Westwood Avenue
    ORVILLE,OH44667     		NONE CHARITY general operating & support program 395,800
    Christian Children's Home of Ohio
    2685 Armstrong Road
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 500
    College of Wooster Women's Advisory Board
    1189 Beall Avenue
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 1,000
    Cuyahoga Valley Youth Ballet
    PO Box 1113
    CUYAHOGA FALLS,OH44223     		NONE CHARITY general operating & support program 5,000
    Cuyahoga Valley Youth Ballet
    PO Box 1113
    CUYAHOGA FALLSO,OH44223     		NONE CHARITY general operating & support program 60,000
    Goodwill Industries of Wayne and Holmes Counties
    PO Box 1188
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 575
    Goodwill Industries of Wayne and Holmes Counties
    PO Box 1188
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 2,000
    Holmes County Education Foundation
    114 North Clay Street
    MILLERSBURG,OH44654     		NONE CHARITY general operating & support program 1,000
    National Multiple Sclerosis Society
    15 Little Bear Lane
    ASHEVILLE,NC28804     		NONE CHARITY general operating & support program 500
    Natural Resources Defense Council
    40 West 20th St
    NEW YORK,NY10011     		NONE CHARITY general operating & support program 50,000
    Ohio to Erie Trail Fund
    10 S High
    CANAL WINCHESTER,OH43110     		NONE CHARITY general operating & support program 2,000
    Planned Parenthood of Northeast Ohio
    444 E Exchange St
    AKRON,OH44302     		NONE CHARITY general operating & support program 50,000
    Planned Parenthood of Northeast Ohio
    444 E Exchange St
    AKRON,OH44302     		NONE CHARITY general operating & support program 26,500
    Rails-To-Trails of Wayne County
    PO Box 1566
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 15,000
    Rails-To-Trails of Wayne County
    PO Box 1566
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 24,000
    Swarthmore College
    500 College Avenue
    SWARTHMORE,PA19081     		NONE CHARITY general operating & support program 10,000
    The College of Wooster
    1189 Beall Avenue
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 66,150
    The College of Wooster nursing school
    1189 Beall Avenue
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 1,000
    The Jester and Pharley Phund
    PO Box 817
    PALOS VERDES ESTATES,CA90274     		NONE CHARITY general operating & support program 10,000
    The Jester and Pharley Phund
    PO Box 817
    PALOS VERDES ESTATES,CA90274     		NONE CHARITY general operating & support program 10,000
    The Village Network
    PO Box 518
    SMITHVILLE,OH44677     		NONE CHARITY general operating & support program 5,000
    The Village Network
    PO Box 518
    SMITHVILLE,OH44677     		NONE CHARITY general operating & support program 2,500
    The Village Network
    PO Box 518
    SMITHVILLE,OH44677     		NONE CHARITY general operating & support program 1,500
    Triway Local Schools
    3205 Shreve Rd
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 1,250
    United Way of Wayne and Holmes County
    PO Box 548
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 17,000
    United Way of Wayne and Holmes County
    PO Box 548
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 6,000
    Wayne Center for the Arts
    237 South Walnut Street
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 10,000
    Wayne Center for the Arts
    237 South Walnut Street
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 20,000
    Wayne County Children Services
    2534 Burbank Road
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 3,320
    Wayne County Historical Society
    546 E Bowman St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 96,000
    Wayne Economic Development Council
    377 W Liberty
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 25,000
    Wayne-Holmes Soap Box Derby
    516 W Oak
    ORRVILLE,OH44667     		NONE CHARITY general operating & support program 500
    WKSU-FM
    PO Box 5190
    KENT,OH44242     		NONE CHARITY general operating & support program 5,000
    Wooster Arts & Jazz Festival
    Main St Wooster 377 W Liberty
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    Wooster Chamber Music Series
    The College of Wooster
    1189 Beall Ave
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    Wooster City Schools
    144 N Market St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 2,000
    Wooster Fiqure Skating Club
    851 Oldman Road
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 2,000
    Wooster Rotary
    377 W Liberty
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    YMCA of Wooster
    680 Woodland Ave
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 10,000
    ASHESI UNIVERSITY
    1414-31ST AVE S PMB 11
    SEATTLE,WA98144     		NONE CHARITY general operating & support program 110,000
    CANTATE SINGERS
    8964 ROHRER RD
    ORRVILLE,OH44667     		NONE CHARITY general operating & support program 1,000
    DUKE UNIVERSITY SCHOOL OF LAW
    210 SCIENCE DRIVE BOX 90362
    DURHAM,NC27708     		NONE CHARITY general operating & support program 100,000
    Embracing Our Differences
    1266 WEST PACES FERRY ROAD
    ATLANTA,GA303272306     		NONE CHARITY general operating & support program 5,000
    Every Woman's House
    175 W APPLE AVENUE
    MUSKEGON,MI49440     		NONE CHARITY general operating & support program 10,000
    Farnsworth Art Museum
    PO BOX 1100
    ELLSWORTH,ME04605     		NONE CHARITY general operating & support program 1,000
    Great Decisions of Wayne County
    1488 MORGAN STREET
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 10,000
    India Development and Relief Fund Inc
    5821 MOSSROCK DR
    NORTH BETHESDA,MD20852     		NONE CHARITY general operating & support program 5,000
    JR Coleman Outreach Services
    1731 Grace Ave NE
    CANTON,OH447052261     		NONE CHARITY general operating & support program 20,000
    Joy of Living Ministries Inc
    18860 Dodd Road
    BRINKHAEN,OH43006     		NONE CHARITY general operating & support program 5,000
    Kenyon College
    Eaton Center 209 Chase Ave
    GAMBIER,OH43022     		NONE CHARITY general operating & support program 500
    Legal Aid Society of Cleveland
    1223 West Sixth Street
    CLEVELAND,OH44113     		NONE CHARITY general operating & support program 500
    Main Street Wooster Inc
    377 W Liberty St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    Maragoli Community Dev Foundation Inc
    P O Box 1391
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 20,000
    Massillon Area Greenways Inc
    137 Lincoln Way E
    MASSILLON,OH44646     		NONE CHARITY general operating & support program 2,000
    Muscular Dystrophy Association
    3300 East Sunrise Drive
    TUCSON,AZ85718     		NONE CHARITY general operating & support program 1,000
    NAACP Wooster Orr 3208
    PO Box 434
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    New Directions
    30800 Chagrin Blvd
    CLEVELAND,OH44124     		NONE CHARITY general operating & support program 10,000
    New England Conservatory
    290 Huntington Avenue
    BOSTON,MA02115     		NONE CHARITY general operating & support program 25,000
    North Central State College Foundation
    2441 KENWOOOD CIRCLE
    MANSFIELD,OH44906     		NONE CHARITY general operating & support program 25,000
    Ohio State UniversityATI
    364 W Lane Ave
    COLUMBUS,OH43201     		NONE CHARITY general operating & support program 8,000
    People to People Ministries
    454 E Bowman St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 8,000
    Quota International of Wooster
    PO Box 1384
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 2,500
    Ronald McDonald House Charities
    6611 Rockside Road
    INDEPENDENCE,OH44131     		NONE CHARITY general operating & support program 2,000
    Self Help Africa
    41 Union Square West Suite 1027
    NEW YORK,NY10003     		NONE CHARITY general operating & support program 10,000
    Shreve EMS
    150 W Mcconkey Street
    SHREVE,OH44676     		NONE CHARITY general operating & support program 2,000
    STEPS
    225 Industrial Park Road
    FARMVILLE,VA23901     		NONE CHARITY general operating & support program 6,000
    The Akaa Project
    136 Lincoln Rd
    Wayland,WA01778     		NONE CHARITY general operating & support program 1,000
    The Counseling Center
    2285 Benden Drive
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 500
    The Ohio Light Opera
    1189 BEALL AVE
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 5,000
    The Salvation Army
    114 East Central Parkway
    Cincinnati,OH45202     		NONE CHARITY general operating & support program 5,500
    The Wilderness Center Inc
    PO Box 202
    WILMOT,OH44689     		NONE CHARITY general operating & support program 3,000
    Thornton School of Music at USC
    3450 Watt Way
    LOS ANGELES,CA90089     		NONE CHARITY general operating & support program 25,000
    TidesIndependent Council for Safe Energy
    PO Box 29198
    San Francisco,CA941290198     		NONE CHARITY general operating & support program 5,000
    University of Mount Union
    1972 Clark Ave
    ALLIANCE,OH44601     		NONE CHARITY general operating & support program 5,000
    Wayne Assoc for Education Young Children
    PO Box 71
    Mt Gilead,OH43338     		NONE CHARITY general operating & support program 200
    Wayne College
    1901 Smucker Road
    ORRVILLE,OH44667     		NONE CHARITY general operating & support program 100,000
    Wayne County Community Foundation
    517 N Market St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 10,035
    Wee Care Center Inc
    424 E Bowman St
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 1,000
    Westminster Presbyterian Church
    125 N Wilkinson St
    DAYTON,OH45402     		NONE CHARITY general operating & support program 7,000
    Wooster Lacrosse Club
    PO Box 871
    WOOSTER,OH44691     		NONE CHARITY general operating & support program 300
    Nuclear information and Resource Service
    6930 Carroll Avenue Suite 340
    Takoma Park,MD20912     		NONE CHARITY general operating & support program 5,000
    Swim Across America
    One International Place Suite 4600
    Boston,MA02110     		none CHARITY general operating & support program 1,000
    Total .................................bullet 3a 1,550,430
    bApproved for future payment
    New England Conservatory
    290 Huntington Ave
    BOSTON,MA02115     		none charity general operating & support programs 25,000
    WCCF-Wayne Growth Partnership Fund
    517 North Market Street
    wooster,OH44691     		none charity general operating & support programs 10,000
    Total .................................bullet 3b 35,000
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 173  
    4 Dividends and interest from securities....     14 875,409  
    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.....     14 50,665  
    8Gain or (loss) from sales of assets other than inventory     18 -566,786  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         35,704
    11 Other revenue: aOTHER EXEMPT         384,921
    bINTEREST ON STATE AND LOCAL BONDS     14   5,302
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   359,461 425,927
    13Total. Add line 12, columns (b), (d), and (e)..................
    13785,388
    (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.)
    11A THE FOUNDATION OPERATES AN ICE ARENA OWNED BY THE WOOSTER CITY SCHOOL DISTRICT. THE ICE ARENA IS FOR THE BENEFIT OF THE COMMUNITY. THE PERIOD OF TIME THAT THE FOUNDATION WILL BE OPERATING THE ICE ARENA FOR THE SCHOOL DISTRICT HAS YET TO BE DETERMINED. THE FOUNDATION IS OBLIGATED TO OPERATE THE ICE ARENA UNTIL IT BECOMES SELF-SUPPORTING, AFTER WHICH THE SCHOOL DISTRICT WILL TAKE OVER THE OPERATIONS. THE ICE ARENA BENEFITS THE COMMUNITY BY OFFERING A REASONABLE COST FAMILY ENTERTAINMENT. THE ICE ARENA ALSO IS BEING USED TO DEVELOP A COMMUNITY ICE HOCKEY PROGRAM. THE ICE ARENA IS LOCATED ON PROPERTY OWNED BY THE SCHOOL DISTRICT.
    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 AccountingFeesSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 30,625 20,625 7,062 2,938

    TY 2011 AllOthProgRltdInvestmentsSch
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Category Amount
    N/A  

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    TY 2011 DepreciationSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE 2005-06-30 11,426 9,897 M7   1,019      
    LAPTOP COMPUTER 2009-08-13 3,098 1,611 M5   595      
    LAND 2005-02-01 970,755 0 L          
    LAND 2009-12-31 333,970   L          
    LAND 2009-12-31 928,885 0 L          

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LPL FINANCIAL 0 0
    1ST GLOBAL/NATIONAL FINANCIAL 7,553,490 7,553,490
    MASSEY/SCHWAB 916,421 916,421
    MORGAN STANLEY/SMITH BARNEY 18,718,319 18,718,319

    TY 2011 InvestmentsOtherSchedule2
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VAIDYA OH HOLDINGS, LLC   3,070,315 3,070,315
    LIBERTY MARKET PROPERTIES LLC   260,821 260,821
    NORTH COAST ANGEL FUND INV   22,675 22,675
    NORTH COAST ANGEL FUND II INV   277,623 277,623
    TAVROS SOHO LLC   400,000 400,000
    ST PAUL HOTEL GROUP LLC   171,887 171,887
    RUMBATIME LLC   96,527 96,527
    ISLAND ARC HOLDINGS LLC   52,360 52,360
    MERCHANT'S BLOCK LLC   445,444 445,444
    INFINITE LITE TECHNOLOGIES LLC   481,722 481,722

    TY 2011 LandEtcSchedule2
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 11,426 10,916 510  
    LAPTOP COMPUTER 3,098 2,206 892  


    TY 2011 OtherDecreasesSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Description Amount
    ESTIMATED EXCISE TAX 34,768
    NONDEDUCTIBLE EXPENSES 195
    EXCESS OF BOOK LOSS OVER INCOME 67,408
    UNREALIZED LOSS ON INVESTMENTS 756,242


    TY 2011 OtherExpensesSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT INTEREST EXPENSE 13,933 13,933    
    EVENT EXPENSE 32,621   23,261 9,677
    LIABILITY INSURANCE 17,359   12,259 5,100
    INVESTMENT FEES 174,509 174,509    
    OFFICE EXPENSE 22,747 16,850 4,154 1,728
    WORKERS' COMPENSATION 7,892 92 5,508 2,292
    ADVERTISING 2,587   1,776 739
    BANK CHARGES 3,767 158 2,549 1,060
    REPAIRS & MAINTENANCE 36,954   24,440 10,168
    DUES & SUBSCRIPTIONS 7,502 5,687 1,282 533
    EQUIPMENT RENTAL 3,029 2,288 480 200
    EQUIPMENT REPAIRS 7,383   5,214 2,169
    LICENSES & PERMITS 2,210   1,561 649
    MISCELLANEOUS EXPENSE 66,078 44,453 15,272 6,353
    STAFF TRAINING 239   190 79
    SEMINARS & MEETINGS 189 189    
    UNIFORMS 311   220 91
    UTILITIES 118,613   79,876 33,229
    TREASURER STATE OF OHIO 200 200    
    HEALTH INSURANCE 17,812 14,158 2,580 1,074
    SUPPLIES 12,229   8,622 3,587
    TELEPHONE 14,999 7,577 5,896 2,452
    POSTAGE 2,701 241 1,737 723
    MEALS & ENTERTAINMENT 888 888    
    CONSULTING FEES 29,199   20,621 8,578
    REAL ESTATE TAXES 8,143 8,143    
    LIBERTY MARKET PROPERTIES 32,461 32,461    
    MERCHANT'S BLOCK 4,556 4,556    
    ST PAUL HOTEL GROUP 28,132      
    ISLAND ARC HOLDINGS 7,640      
    RUMBATIME 3,259      
    NORTH COAST ANGEL FUND 1,466      
    INFINITE LITE TECHNOLOGIES 18,279      


    TY 2011 OtherIncomeSchedule2
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    VAIDYA OH HOLDINGS, LLC (34-1665641) 34,742 34,742  
    3010 ARKON ROAD RENTAL 13,400 13,400  
    MISCELLANEOUS INCOME 708 708  
    NOBLE ICE ARENA 384,921   384,921
    JOLLIFF LAND - ROYALTIES 1,815 1,815  
    TAX EXEMPT INTEREST 5,302   5,302


    TY 2011 OtherLiabilitiesSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX LIABILITIES 6,345 6,174
    SALES TAX PAYABLE 1,867 1,883
    INSURANCE PAYABLE 1,502 1,502


    TY 2011 OtherNotesLoansRcvblShortSch2
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Name of 501(c)(3) Organization Balance Due
    LIBERTY CENTER CONNECTIONS
          		235,838
    TGS SALE ESCROWS
          		3,631,132


    TY 2011 SalesOfInventoryList 
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    CONCESSION & PRO SHOP SALES 95,967 95,697 270

    TY 2011 TaxesSchedule
    Name:
    DONALD & ALICE NOBLE FOUNDATION INC
    EIN: 34-1665641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 27,522   19,271 8,018