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
CONSTANCE AND CARL FERRIS CHARITABLE
 

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET SUITE 400   Room/suite
City or town, state, and ZIP code
BALTIMORE, MD21231
A Employer identification number

20-5568159
B Telephone number (see page 10 of the instructions)

(410) 537-5458
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$6,173,190J 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   5,972  
4 Dividends and interest from securities...... 63,584 63,584  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 275,533
b Gross sales price for all assets on line 6a 3,241,213
7 Capital gain net income (from Part IV, line 2)... 275,533
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......   -9,248  
12 Total. Add lines 1 through 11........ 339,117 335,841  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 17,948 17,948   0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 7,964 1,026   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,912 18,974 0 0
25 Contributions, gifts, grants paid........ 135,900 135,900
26 Total expenses and disbursements. Add lines 24 and 25 161,812 18,974 0 135,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 177,305
b Net investment income (if negative, enter -0-) 316,867
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 117,806 17,541 17,541
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) 405,660 Click to see attachment283,609 302,338
b Investments—corporate stock (attach schedule)........ 4,424,463 Click to see attachment4,056,998 4,424,975
c Investments—corporate bonds (attach schedule)........ 371,841 Click to see attachment1,165,459 1,178,336
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 250,000 Click to see attachment250,000 250,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,569,770 5,773,607 6,173,190
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......... 5,569,770 5,773,607
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).................... 5,569,770 5,773,607
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,569,770 5,773,607
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 5,569,770
2 Enter amount from Part I, line 27a..................... 2 177,305
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 26,532
4 Add lines 1, 2, and 3.......................... 4 5,773,607
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,773,607
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 13. STERICYCLE INC   2010-02-25 2011-01-07
b 33. STERICYCLE INC   2010-02-25 2011-01-07
c 3. STERICYCLE INC   2010-02-22 2011-01-10
d 306. ABB LTD SPON ADR   2010-12-31 2011-01-12
e 89. ABB LTD SPON ADR   2009-12-28 2011-01-12
115. ALLERGAN INC   2010-01-27 2011-01-12
140. AMPHENOL CORP - CL A   2010-04-21 2011-01-12
95. ANSYS INC   2010-12-31 2011-01-12
31. APPLE COMPUTER INC.   2010-01-27 2011-01-12
4. APPLE COMPUTER INC.   2009-07-15 2011-01-12
215. BANK OF NEW YORK MELLON CORP   2010-01-27 2011-01-12
200. CANADIAN NATURAL RESOURCES LTD   2010-10-29 2011-01-12
340. CISCO SYSTEMS   2010-09-03 2011-01-12
105. CITRIX SYSTEMS INC   2010-01-27 2011-01-12
140. COACH INC   2010-01-27 2011-01-12
105. COGNIZANT TECH SOLUTIONS CRP COM   2010-01-27 2011-01-12
110. COSTCO WHOLESALE CORPORATION   2009-08-25 2011-01-12
144. COVANCE INC   2009-10-22 2011-01-12
36. COVANCE INC   2010-03-02 2011-01-12
140. DANAHER CORP   2010-11-30 2011-01-12
95. DAVITA INC   2010-01-27 2011-01-12
105. FMC TECHNOLOGIES INC   2010-10-29 2011-01-12
115. FLUOR CORP NEW COM   2010-11-22 2011-01-12
20. GOOGLE INC CL A   2010-03-08 2011-01-12
95. IDEXX LABORATORIES CORP   2010-01-27 2011-01-12
15.00015 INTUITIVE SURGICAL INC   2010-01-27 2011-01-12
9.99985 INTUITIVE SURGICAL INC   2010-01-27 2011-01-12
35. MASTERCARD INC   2010-01-27 2011-01-12
75. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-01-12
130. NETAPP INC   2010-01-27 2011-01-12
190. QUALCOMM CORP.   2009-11-05 2011-01-12
105. ROPER INDUSTRIES INC NEW   2009-08-28 2011-01-12
35. SALESFORCE COM INC   2009-07-17 2011-01-12
105. SCHLUMBERGER LTD.   2010-09-03 2011-01-12
410. CHARLES SCHWAB CORP.   2010-01-27 2011-01-12
90. STERICYCLE INC   2010-02-22 2011-01-12
110. TRIMBLE NAV LTD   2009-11-09 2011-01-12
195. URBAN OUTFITTERS INC   2010-05-26 2011-01-12
170. ACCENTURE PLC CL A   2010-01-27 2011-01-12
350. GENPACT LIMITED   2010-10-19 2011-01-12
2565.02 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-01-15
944.92 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-01-15
434.4 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-01-15
55. TRIMBLE NAV LTD   2009-11-09 2011-01-18
1162.28 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-01-25
1950.9 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-01-25
1105.28 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-01-25
17834. MERITOR SVGS BK PA   1993-06-16 2011-01-28
62. DAVITA INC   2010-01-27 2011-01-31
50000. GENERAL ELECTRIC CO 5.000% 2/01/13   2003-01-23 2011-02-09
164. CISCO SYSTEMS   2010-11-12 2011-02-15
1898.3 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-02-15
857.03 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-02-15
533.78 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-02-15
90. CISCO SYSTEMS   2003-03-11 2011-02-17
64. CISCO SYSTEMS   2010-11-12 2011-02-17
1604.46 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-02-25
52.56 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-02-25
875.87 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-02-25
19. ALLERGAN INC   2010-01-27 2011-02-28
88. ALLERGAN INC   2010-01-27 2011-02-28
37. ALLERGAN INC   2010-01-27 2011-03-01
53. ALLERGAN INC   2010-01-27 2011-03-01
88. ALLERGAN INC   2010-01-27 2011-03-02
125. ALLERGAN INC   2010-02-25 2011-03-02
45. CANADIAN NATURAL RESOURCES LTD   2010-01-27 2011-03-04
27. FMC TECHNOLOGIES INC   2011-02-15 2011-03-04
5000. EGSHARES EMERGING MRKTS CONSUMER ETF   2010-10-29 2011-03-07
11. FMC TECHNOLOGIES INC   2011-02-15 2011-03-07
3. FMC TECHNOLOGIES INC   2010-05-10 2011-03-07
189. CISCO SYSTEMS   2003-03-11 2011-03-08
132. CISCO SYSTEMS   2003-03-11 2011-03-15
1741.69 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-03-15
1020.5 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-03-15
865.78 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-03-15
144. CISCO SYSTEMS   2003-03-11 2011-03-16
10000. KRAFT FOODS INC 6.000% 2/11/13   2008-06-04 2011-03-17
693.62 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-03-25
4461.2 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-03-25
355.28 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-03-25
405. CISCO SYSTEMS   2003-03-11 2011-03-29
10404.04 LAUDUS MONDRIAN EMG MKT INS   2010-01-27 2011-04-04
17. COVANCE INC   2009-10-22 2011-04-05
46. COVANCE INC   2009-10-22 2011-04-05
18. INTUITIVE SURGICAL INC   2010-01-27 2011-04-05
16. MASTERCARD INC   2010-01-27 2011-04-05
36. FMC TECHNOLOGIES INC   2010-05-27 2011-04-15
1478.3 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-04-15
1011.34 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-04-15
351.51 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-04-15
19. SCHLUMBERGER LTD.   2010-09-03 2011-04-15
305.92 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-04-25
47.68 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-04-25
657.89 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-04-25
44. CANADIAN NATURAL RESOURCES LTD   2010-01-27 2011-04-26
109. TRIMBLE NAV LTD   2009-11-09 2011-04-29
24. TRIMBLE NAV LTD   2009-11-09 2011-05-02
51125. U S TREASURY I P 0.500% 4/15/15   2010-09-08 2011-05-02
45. TRIMBLE NAV LTD   2009-11-09 2011-05-03
50819. U S TREASURY I P 1.250% 7/15/20   2010-09-09 2011-05-03
20000. PPL ENERGY SUPPLY 6.500% 5/01/18   2008-04-08 2011-05-04
60. TRIMBLE NAV LTD   2009-11-09 2011-05-04
17. COACH INC   2011-03-15 2011-05-05
27. COACH INC   2011-03-15 2011-05-05
13. COACH INC   2010-01-27 2011-05-05
18. COSTCO WHOLESALE CORPORATION   2009-08-25 2011-05-05
78. TRIMBLE NAV LTD   2009-11-09 2011-05-05
22. CITRIX SYSTEMS INC   2010-01-27 2011-05-11
1459.08 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-05-15
930.4 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-05-15
407.29 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-05-15
50982. U S TREASURY I P S 1.125% 1/15/21   2011-05-03 2011-05-23
50494. U S TREASURY I P S 0.125% 4/15/16   2011-05-02 2011-05-23
700.58 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-05-25
49.06 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-05-25
528.83 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-05-25
3342.246 BROWN ADV SMALL CAP XXX-XX-XXXX   2003-06-13 2011-05-25
590.715 VAN ECK GLOBAL HARD ASSETS I   2010-01-27 2011-06-03
109. ABB LTD SPON ADR   2009-12-28 2011-06-13
39. DANAHER CORP   2010-01-27 2011-06-13
10. MASTERCARD INC   2010-01-27 2011-06-13
64. QUALCOMM CORP.   2009-11-05 2011-06-13
1344.13 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-06-15
670.58 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-06-15
249.02 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-06-15
16. DAVITA INC   2011-03-02 2011-06-23
3243.543 IVY GLBL NATURAL RESOURCE I   2010-01-27 2011-06-23
26. ROPER INDUSTRIES INC NEW   2009-08-28 2011-06-23
16. STERICYCLE INC   2010-02-04 2011-06-23
943.86 VAN ECK GLOBAL HARD ASSETS I   2010-01-27 2011-06-23
7. DAVITA INC   2011-03-02 2011-06-24
10. DAVITA INC   2011-03-02 2011-06-24
10711. MERITOR SVGS BK PA   1993-06-16 2011-06-24
2. ROPER INDUSTRIES INC NEW   2009-08-28 2011-06-24
13. STERICYCLE INC   2010-02-04 2011-06-24
729.17 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-06-25
48.4 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-06-25
464.79 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-06-25
10183.299 FEDERATED A R MS FUND #96 INSTL CL   2010-05-04 2011-06-28
72. ACCENTURE PLC CL A   2010-01-27 2011-06-28
29455. MERITOR SVGS BK PA   1993-06-16 2011-06-29
3. APPLE COMPUTER INC.   2011-06-13 2011-07-14
4. APPLE COMPUTER INC.   2009-07-15 2011-07-14
1708.53 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-07-15
473.91 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-07-15
290.16 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-07-15
424.82 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-07-25
54.28 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-07-25
577.73 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-07-25
167. ABB LTD SPON ADR   2009-12-28 2011-08-03
39. ABB LTD SPON ADR   2009-12-28 2011-08-03
7. APPLE COMPUTER INC.   2009-07-15 2011-08-03
5. APPLE COMPUTER INC.   2009-07-15 2011-08-03
99. BANK OF NEW YORK MELLON CORP   2010-01-27 2011-08-03
3. GOOGLE INC CL A   2011-05-05 2011-08-03
3. GOOGLE INC CL A   2011-05-05 2011-08-03
25000. U S TREASURY NT 3.125% 5/15/21   2011-05-23 2011-08-04
321. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-05
24. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-08
45. BANK OF NEW YORK MELLON CORP   2010-06-03 2011-08-08
253. BANK OF NEW YORK MELLON CORP   2010-10-18 2011-08-08
1271.21 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-08-15
640.37 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-08-15
330.84 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-08-15
10618.02 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-08-18
9. MASTERCARD INC   2010-01-27 2011-08-18
26.9799 MEAD JOHNSON NUTRITION CO   2010-12-07 2011-08-19
6.0201 MEAD JOHNSON NUTRITION CO   2011-01-18 2011-08-19
194. URBAN OUTFITTERS INC   2010-05-25 2011-08-23
167. URBAN OUTFITTERS INC   2010-05-25 2011-08-24
19. URBAN OUTFITTERS INC   2010-05-25 2011-08-24
188. URBAN OUTFITTERS INC   2010-08-05 2011-08-24
57. URBAN OUTFITTERS INC   2010-09-29 2011-08-24
26546.95 F H L M C GD E93051 5.500% 12/01/17   2003-01-16 2011-08-25
495.48 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-08-25
48.59 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-08-25
770.66 F N M A #944581 5.000% 7/01/22   2008-05-27 2011-08-25
54. URBAN OUTFITTERS INC   2010-08-05 2011-08-25
64. URBAN OUTFITTERS INC   2011-03-08 2011-08-25
123. URBAN OUTFITTERS INC   2011-03-29 2011-08-25
17. IDEXX LABORATORIES CORP   2010-01-27 2011-08-31
16. IDEXX LABORATORIES CORP   2010-01-27 2011-09-01
3332.698 HARBOR FUND INTERNATL FD   2010-01-29 2011-09-14
10539.629 OAKMARK INTL SMALL CAP CL I   2010-06-16 2011-09-14
1538.82 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-09-15
257.55 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-09-15
31. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
13. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
22. FMC TECHNOLOGIES INC   2011-06-23 2011-09-16
1909.855 BROWN ADV SMALL CAP XXX-XX-XXXX   2003-06-13 2011-09-16
9. APPLE COMPUTER INC.   2009-07-15 2011-09-21
67. ABB LTD SPON ADR   2009-12-28 2011-09-22
8. ABB LTD SPON ADR   2009-12-28 2011-09-22
77. ABB LTD SPON ADR   2009-12-28 2011-09-22
6. INTUITIVE SURGICAL INC   2010-01-27 2011-09-22
14. STERICYCLE INC   2011-08-03 2011-09-22
110. GENPACT LIMITED   2010-10-19 2011-09-22
4. STERICYCLE INC   2011-08-03 2011-09-23
48. GENPACT LIMITED   2010-10-19 2011-09-23
757.84 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-09-25
49.04 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-09-25
11547.34599 LAUDUS MONDRIAN EMG MKT INS   2010-01-29 2011-09-28
20184.80501 LAUDUS MONDRIAN EMG MKT INS   2010-01-29 2011-09-28
4. APPLE COMPUTER INC.   2009-07-15 2011-10-04
3. APPLE COMPUTER INC.   2009-07-15 2011-10-06
3. APPLE COMPUTER INC.   2009-07-15 2011-10-06
6. APPLE COMPUTER INC.   2009-07-15 2011-10-10
1568.84 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-10-15
291.73 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-10-15
11. INTUITIVE SURGICAL INC   2010-01-27 2011-10-21
5000. VANGUARD MSCI EMERGING MARKETS ETF   2011-07-05 2011-10-21
44. ACCENTURE PLC CL A   2010-01-27 2011-10-21
3541.221 HARBOR FUND INTERNATL FD   2010-01-29 2011-10-24
6313.131 BROWN ADVISORY VALUE XXX-XX-XXXX   2010-01-27 2011-10-24
4934.211 BROWN ADV SMALL CAP FND XXX-XX-XXXX   2011-07-06 2011-10-24
834.72 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-10-25
853.64 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-10-25
221. ABB LTD SPON ADR   2009-12-28 2011-10-28
19. CITRIX SYSTEMS INC   2011-08-03 2011-10-28
22. CITRIX SYSTEMS INC   2011-08-03 2011-10-28
30. CITRIX SYSTEMS INC   2010-01-27 2011-10-28
3. COGNIZANT TECH SOLUTIONS CRP COM   2010-01-27 2011-10-28
32. COGNIZANT TECH SOLUTIONS CRP COM   2011-06-28 2011-10-28
6. INTUITIVE SURGICAL INC   2010-01-27 2011-10-28
24194.56 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-11-10
4351.61 BROWN ADVISORY INTERMED XXX-XX-XXXX   2011-04-08 2011-11-11
1473.374 VAN ECK GLOBAL HARD ASSETS I   2011-10-24 2011-11-11
1250.16 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-11-15
8386.48 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-11-15
65. ANSYS INC   2011-03-16 2011-11-21
541.01 F N M A #831413 5.500% 4/01/36   2007-05-30 2011-11-25
262.64 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-11-25
1. COVANCE INC   2009-10-22 2011-11-30
17. COVANCE INC   2009-10-22 2011-11-30
21. COVANCE INC   2009-10-22 2011-12-01
13. COVANCE INC   2009-10-22 2011-12-02
26. FMC TECHNOLOGIES INC   2011-06-23 2011-12-12
60. FMC TECHNOLOGIES INC   2010-05-27 2011-12-12
288.518 AMERICAN EUROPACIFIC GRTH F2   2011-10-24 2011-12-14
836.45563 OAKMARK INTL SMALL CAP CL I   2011-10-24 2011-12-14
3.17537 OAKMARK INTL SMALL CAP CL I   2011-10-24 2011-12-14
366.837 SCOUT INTERNATIONAL FUND   2011-10-24 2011-12-14
1441.02 F H L M C GD G11649 4.500% 2/01/20   2005-02-15 2011-12-15
207.09 F H L M C #1B0889 2.660% 5/01/33   2005-04-14 2011-12-15
127. MEAD JOHNSON NUTRITION CO   2010-12-07 2011-12-22
1140.44 F N M A #909932 6.000% 3/01/37   2007-05-30 2011-12-25
285.633 AMERICAN EUROPACIFIC GRTH F2   2011-10-24 2011-12-29
359.454 SCOUT INTERNATIONAL FUND   2011-10-24 2011-12-29
4545.455 WASATCH FDS INC   2011-07-13 2011-12-29
17545. MEDICITY, INC.   2009-12-02 2011-12-31
(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 1,011   718 293
b 2,566   1,806 760
c 231   163 68
d 6,958   6,658 300
e 2,024   1,706 318
8,134   6,760 1,374
7,382   6,618 764
5,072   4,654 418
10,654   6,452 4,202
1,375   580 795
6,762   6,358 404
8,589   6,518 2,071
7,124   7,676 -552
7,148   4,377 2,771
7,652   4,898 2,754
7,938   4,780 3,158
7,865   5,458 2,407
7,814   8,233 -419
1,953   2,107 -154
6,628   5,332 1,296
6,601   5,751 850
9,330   7,258 2,072
7,998   6,664 1,334
12,349   11,006 1,343
6,562   5,390 1,172
4,253   5,065 -812
2,836   3,376 -540
8,098   8,863 -765
4,679   4,703 -24
7,745   3,991 3,754
9,872   8,238 1,634
7,965   5,115 2,850
4,934   1,412 3,522
8,814   6,536 2,278
7,401   7,629 -228
7,063   4,888 2,175
4,519   2,504 2,015
7,091   7,072 19
8,477   7,104 1,373
5,487   6,265 -778
2,565   2,562 3
945   971 -26
434   434  
2,429   1,252 1,177
1,162   1,141 21
1,951   1,956 -5
1,105   1,109 -4
62,061   65,511 -3,450
4,582   3,753 829
53,436   49,989 3,447
3,055   3,383 -328
1,898   1,896 2
857   880 -23
534   534  
1,680   1,186 494
1,195   1,305 -110
1,604   1,576 28
53   53  
876   879 -3
1,405   1,117 288
6,494   5,173 1,321
2,722   2,175 547
3,900   3,115 785
6,265   5,173 1,092
8,928   7,334 1,594
2,275   1,462 813
2,579   2,376 203
109,478   112,584 -3,106
1,051   967 84
287   191 96
3,434   2,491 943
2,290   1,740 550
1,742   1,740 2
1,021   1,047 -26
866   866  
2,488   1,898 590
10,878   10,111 767
694   682 12
4,461   4,473 -12
355   356 -1
7,006   5,338 1,668
103,000   87,810 15,190
1,003   972 31
2,715   2,630 85
6,399   6,078 321
4,207   4,052 155
1,639   1,116 523
1,478   1,476 2
1,011   1,037 -26
352   351 1
1,654   1,090 564
306   301 5
48   48  
658   660 -2
2,028   1,430 598
5,091   2,481 2,610
1,117   546 571
53,985   51,820 2,165
1,998   1,024 974
53,670   51,921 1,749
22,730   19,908 2,822
2,456   1,366 1,090
1,008   880 128
1,599   1,398 201
770   455 315
1,451   893 558
3,377   1,776 1,601
1,811   917 894
1,459   1,457 2
930   953 -23
407   407  
52,511   52,926 -415
51,535   51,990 -455
701   689 12
49   49  
529   530 -1
50,000   26,237 23,763
32,117   26,571 5,546
2,736   2,089 647
2,003   1,428 575
2,669   2,532 137
3,479   2,775 704
1,344   1,342 2
671   686 -15
249   249  
1,350   1,294 56
68,893   62,000 6,893
2,119   1,267 852
1,393   868 525
49,118   36,930 12,188
584   562 22
833   801 32
42,952   39,346 3,606
164   97 67
1,111   705 406
729   717 12
48   49 -1
465   466 -1
100,000   100,000  
4,292   3,009 1,283
123,709   108,200 15,509
1,074   981 93
1,432   580 852
1,709   1,706 3
474   485 -11
290   290  
425   418 7
54   54  
578   579 -1
3,803   3,201 602
889   747 142
2,706   1,014 1,692
1,953   725 1,228
2,395   2,927 -532
1,765   1,613 152
1,782   1,613 169
26,387   25,046 1,341
7,388   9,382 -1,994
538   657 -119
954   1,233 -279
5,363   6,717 -1,354
1,271   1,270 1
640   654 -14
331   331  
11,444   10,647 797
2,790   2,279 511
1,832   1,706 126
409   380 29
5,129   6,965 -1,836
4,275   5,988 -1,713
491   681 -190
4,839   6,375 -1,536
1,467   1,882 -415
28,559   27,107 1,452
495   488 7
49   49  
771   773 -2
1,311   1,757 -446
1,553   2,059 -506
3,003   3,771 -768
1,361   965 396
1,253   908 345
175,000   173,087 1,913
125,000   123,419 1,581
1,539   1,537 2
258   257 1
1,340   1,247 93
560   523 37
949   885 64
25,000   14,992 10,008
3,768   1,304 2,464
1,116   1,284 -168
133   153 -20
1,284   1,476 -192
2,179   2,026 153
1,099   1,139 -40
1,645   1,909 -264
317   325 -8
708   833 -125
758   746 12
49   49  
92,148   97,234 -5,086
161,075   169,956 -8,881
1,432   580 852
1,148   435 713
1,123   435 688
2,307   869 1,438
1,569   1,567 2
292   292  
4,560   3,714 846
197,121   245,833 -48,712
2,540   1,839 701
198,273   181,913 16,360
75,000   67,045 7,955
75,000   85,510 -10,510
835   823 12
854   855 -1
4,400   4,236 164
1,401   1,332 69
1,604   1,529 75
2,187   1,251 936
226   137 89
2,413   2,333 80
2,629   2,026 603
26,251   23,848 2,403
50,000   48,433 1,567
72,740   70,000 2,740
1,250   1,249 1
8,386   8,383 3
3,746   3,506 240
541   533 8
263   263  
46   57 -11
779   972 -193
956   1,201 -245
590   743 -153
1,292   1,046 246
2,982   1,776 1,206
10,000   10,773 -773
9,962   10,439 -477
38   40 -2
9,800   10,789 -989
1,441   1,439 2
207   207  
8,072   7,944 128
1,140   1,143 -3
10,000   10,666 -666
10,000   10,572 -572
10,000   11,955 -1,955
282,894   200,000 82,894
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       293
b       760
c       68
d       300
e       318
      1,374
      764
      418
      4,202
      795
      404
      2,071
      -552
      2,771
      2,754
      3,158
      2,407
      -419
      -154
      1,296
      850
      2,072
      1,334
      1,343
      1,172
      -812
      -540
      -765
      -24
      3,754
      1,634
      2,850
      3,522
      2,278
      -228
      2,175
      2,015
      19
      1,373
      -778
      3
      -26
       
      1,177
      21
      -5
      -4
      -3,450
      829
      3,447
      -328
      2
      -23
       
      494
      -110
      28
       
      -3
      288
      1,321
      547
      785
      1,092
      1,594
      813
      203
      -3,106
      84
      96
      943
      550
      2
      -26
       
      590
      767
      12
      -12
      -1
      1,668
      15,190
      31
      85
      321
      155
      523
      2
      -26
      1
      564
      5
       
      -2
      598
      2,610
      571
      2,165
      974
      1,749
      2,822
      1,090
      128
      201
      315
      558
      1,601
      894
      2
      -23
       
      -415
      -455
      12
       
      -1
      23,763
      5,546
      647
      575
      137
      704
      2
      -15
       
      56
      6,893
      852
      525
      12,188
      22
      32
      3,606
      67
      406
      12
      -1
      -1
       
      1,283
      15,509
      93
      852
      3
      -11
       
      7
       
      -1
      602
      142
      1,692
      1,228
      -532
      152
      169
      1,341
      -1,994
      -119
      -279
      -1,354
      1
      -14
       
      797
      511
      126
      29
      -1,836
      -1,713
      -190
      -1,536
      -415
      1,452
      7
       
      -2
      -446
      -506
      -768
      396
      345
      1,913
      1,581
      2
      1
      93
      37
      64
      10,008
      2,464
      -168
      -20
      -192
      153
      -40
      -264
      -8
      -125
      12
       
      -5,086
      -8,881
      852
      713
      688
      1,438
      2
       
      846
      -48,712
      701
      16,360
      7,955
      -10,510
      12
      -1
      164
      69
      75
      936
      89
      80
      603
      2,403
      1,567
      2,740
      1
      3
      240
      8
       
      -11
      -193
      -245
      -153
      246
      1,206
      -773
      -477
      -2
      -989
      2
       
      128
      -3
      -666
      -572
      -1,955
      82,894
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 2 275,533
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 262,392 5,616,912 0.046715
2009 228,938 4,884,824 0.046867
2008 227,932 5,518,229 0.041305
2007 11,821 357,831 0.033035
2006 0 32,409 0.0
2 Total of line 1, column (d) ...................... 2 0.167922
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 0.033584
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 6,177,227
5 Multiply line 4 by line 3....................... 5 207,456
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,169
7 Add lines 5 and 6......................... 7 210,625
8 Enter qualifying distributions from Part XII, line 4.............. 8 135,900
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 6,337
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 6,337
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 6,337
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 3,858
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 3,435
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,293
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 4
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 10 952
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet952 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)bulletMD
    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 ofbulletBROWN ADVISORY Telephone no.bullet (410) 537-5458
    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
    CONSTANCE F FERRIS PRESIDENT/DIRECTOR
    0     		0    
    22738 COLONEL LEONARD ROAD
    ROCK HALL,MD21661
    CONSTANCE F MEYER DIRECTOR
    0     		0    
    16 JAMES THOMAS ROAD
    MALVERN,PA19355
    PAUL R ALFORD VICE PRESIDENT
    0     		0    
    2780 SOUTH HORSESHOE DRIVE SUITE 1
    NAPLES,FL34104
    JOHN C POULTON TREASURER
    0     		0    
    901 SOUTH BOND STREET SUITE 400
    BALTIMORE,MD21231
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,926,356
    b
    Average of monthly cash balances.......................
    1b
    344,940
    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
    6,271,296
    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
    6,271,296
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    94,069
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,177,227
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    308,861
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    308,861
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    6,337
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,337
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    302,524
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    302,524
    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
    302,524
    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
    135,900
    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
    135,900
    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
    135,900
    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 7 302,524
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 58,060
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 0
    c From 2008....... 0
    d From 2009....... 0
    e From 2010....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 135,900
    a Applied to 2010, but not more than line 2a 58,060
    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..... 77,840
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		224,684
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2007.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 0
    d Excess from 2010.... 0
    e Excess from 2011.... 0
    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:
    CONSTANCE CARL FERRIS CHARITABLE
    901 SOUTH BOND STREET SUITE 400
    BALTIMORE,MD21231
    (410) 537-5458
    bThe form in which applications should be submitted and information and materials they should include:
    MUST SUBMIT A WRITTEN APPLICATION TO THE CHARITABLE OPERATING FOUNDATION FOR CONSIDERATION
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THERE ARE NO RESTRICTIONS OR LIMITATIONS ON AWARDS
    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
    ST PAUL' S PARISH KENT
    7579 SANDY BOTTOM ROAD
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY FOR GENERAL FUND 9,900
    CHESTER RIVER HEALTH FOUNDATION
    100 BROWN STREET
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY FOR GENERAL FUND 25,000
    VIRGINIA POLYTECHNIC INSTITUTE SCHOLARSHIP
    210 BURRUSS HALL
    BLACKSBURG,VA24060     		NONE SCHOLARSHIP FUND GRA SCHOLARSHIP AWARD FOR MATTHEW SKINNER 5,000
    WASHINGTON COLLEGE
    300 WASHINGTON AVE
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY FOR FERRIS BUSINESS PROGRAM 25,000
    THE UNITED WAY OF KENT COUNTY
    PO BOX 594
    CHESTERTOWN,MD216200594     		NONE PUBLIC CHARITY FOR GENERAL FUND 15,000
    MD SCHOOL FOR THE BLIND
    3501 TAYLOR AVENUE
    BALTIMORE,MD21236     		NONE PUBLIC CHARITY FOR GENERAL FUND 5,000
    REBUILDING TOGETHER KENT
    PO BOX 180
    CHESTERTOWN,MD216200180     		NONE PUBLIC CHARITY FOR GENERAL FUND 6,000
    UNIVERSITY OF MD COLLEGE PARK
    8400 BALTIMORE BOULEVARD STE 200
    COLLEGE PARK,MD20740     		NONE SCHOLARSHIP FUND SCHOLARSHIP AWARD FOR SARAH C EVANS 5,000
    UNIVERSITY OF MARYLAND
    COLLEGE PARK
    8400 BALTIMORE BOULEVARD STE 200
    COLLEGE PARK,MD20740     		NONE SCHOLARSHIP FUND SCHOLARSHIP AWARD FOR MICHAEL BRANHAM 5,000
    CHESAPEAKE COLLEGE
    PO BOX 8
    WYE MILLS,MD21679     		NONE PUBLIC CHARITY SCHOLARSHIP FOR JULIA ANN HEIDLER 5,000
    FROSTBURG STATE UNIVERSITY
    101 BRADDOCK ROAD
    FROSTBURG,MD21532     		NONE SCHOLARSHIP FUND SCHOLARSHIP GRANT TO JOHN DANIEL NOLAN 5,000
    THE WISTAR INSTITUTE
    3601 SPRUCE STREET
    PHILADELPHIA,PA191044268     		NONE PUBLIC CHARITY BREAST CANCER RESEARCH 25,000
    Total .................................bullet 3a 135,900
    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 63,584  
    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     18 275,533  
    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)..   339,117  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13339,117
    (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.)
    4 THE CONSTANCE AND CARL FERRIS CHARITABLE OPERATING
    4 FOUNDATION, INC. ( THE FOUNDATION) WAS FORMED IN THE FALL
    4 OF 2006. ON DECEMBER 29, 2006 CARL AND CONSTANCE FERRIS
    4 MADE THEIR FIRST CONTRIBUTION TO THE FOUNDATION. BECAUSE
    4 THE FOUNDATION ONLY RECEIVED THIS CONTRIBUTION LATE IN THE
    4 YEAR, IT DID NOT HAVE ANY ASSETS TO MAKE ANY GRANT
    4 PAYMENTS. HOWEVER, IN 2007 THE FOUNDATION AWARDED ITS FIRST
    4 TWO GRANTS EACH TO TWO HIGH SCHOOL GRADUATES OF KENT
    4 COUNTY HIGH SCHOOL, IN ACCORDANCE WITH THE GRANT
    4 PROCEDURES ATTACHED. AS A RESULT OF THE GRANTS MADE IN
    4 2007, THE FOUNDATION SATISFIED THE APPLICABLE TESTS TO
    4 QUALIFY AS A PRIVATE OPERATING FOUNDATION IN 2007.
    4 IN 2008, THE FOUNDATION MADE A TOTAL OF FOUR GRANTS TO HIGH
    4 SCHOOL GRADUATES OF KENT COUNTY HIGH SCHOOL, IN ACCORDANCE
    4 WITH THE GRANT PROCEDURES ATTACHED. THE VALUE OF THE
    4 FOUNDATION'S ASSETS, HOWEVER WAS CONSIDERABLY HIGHER IN
    4 2008 SO THAT THE AMOUNT OF QUALIFIED GRANTS WAS NOT
    4 SUFFICIENT TO RETAIN THE PRIVATE OPERATING FOUNDATION
    4 STATUS IN 2008 FOR THE FOUNDATION.
    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:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME MUTUAL FDS 1,155,396 1,166,853
    CORPORATE BONDS 10,063 11,483

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY MUTUAL FUNDS 2,622,955 2,813,525
    COMMON STOCKS - CW    
    FOREIGN STOCK 113,333 135,961
    COMMON STOCKS - MAIN    
    PRIVATE EQUITY 240,371 269,100
    CDK GLOBAL SELECT 500,000 485,287
    COMMON STOCKS - FCP    
    COMMON STOCKS 580,339 721,102
    MEDICITY - ON APX    

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    US Government Securities - End of Year Book Value:

    283,609
    US Government Securities - End of Year Fair Market Value:

    302,338
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CD PEOPLES BANK AT COST 250,000 250,000

    TY 2011 OtherIncomeSchedule2
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   -9,248  


    TY 2011 OtherIncreasesSchedule
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Description Amount
    ACCRUED INT PAID IN 2010 104
    CASH FLOW NOT IN BASIS OF PRIVATE EQUITY 2,114
    ADJUST BASIS ON US TIPS 1,961
    MEDICITY ESCROW 20,827
    COST ADJ ON FNMA 909932 1,525
    ROUNDING 1


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES-PRIN 17,935 17,935    
    OTHER NONALLOCABLE EXPENSES - 13 13    


    TY 2011 TaxesSchedule
    Name:
    CONSTANCE AND CARL FERRIS CHARITABLE
    EIN: 20-5568159
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 46 46   0
    FEDERAL EXCISE TAX 4,760 0   0
    QUARTERLY TAX DEPOSIT 2,178 0   0
    FOREIGN TAXES ON QUALIFIED FOR 980 980   0