Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 12-01-2011 , and ending 11-30-2012
G
Check all that apply:
Name of foundation
The Colen Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)8447 SW 99th Street Rd   Room/suite
City or town, state, and ZIP code
Ocala, FL34481
A Employer identification number

59-2474711
B Telephone number (see page 10 of the instructions)

(352) 873-0848
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$8,305,316J 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 118 118  
4 Dividends and interest from securities...... 194,757 194,757  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,489
b Gross sales price for all assets on line 6a 2,610,068
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 193,386 194,875  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 39,980 3,998   35,982
b Accounting fees (attach schedule)....... Click to see attachment 5,500 550   4,950
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 5,126 3,256   101
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 11,324 10,179   1,145
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 61,930 17,983   42,178
25 Contributions, gifts, grants paid........ 497,773 497,773
26 Total expenses and disbursements. Add lines 24 and 25 559,703 17,983   539,951
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -366,317
b Net investment income (if negative, enter -0-) 176,892
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...............      
2 Savings and temporary cash investments.......... 15,946 47,908 47,908
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 5,770 745 745
10a Investments—U.S. and state government obligations (attach schedule) 1,476,143 Click to see attachment1,453,305 1,491,057
b Investments—corporate stock (attach schedule)........ 2,922,179 Click to see attachment4,187,127 4,567,481
c Investments—corporate bonds (attach schedule)........ 1,298,352 Click to see attachment1,126,111 1,023,348
11 Investments—land, buildings, and equipment: basis bullet73,188
Less: accumulated depreciation (attach schedule) bullet   73,188 Click to see attachment73,188 74,188
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,523,321 Click to see attachment1,056,282 1,100,589
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) 8,314,899 7,944,666 8,305,316
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) Click to see attachment21,372 Click to see attachment17,456
23 Total liabilities (add lines 17 through 22).......... 21,372 17,456
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 8,293,527 7,927,210
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,293,527 7,927,210
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,314,899 7,944,666
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 8,293,527
2 Enter amount from Part I, line 27a..................... 2 -366,317
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 7,927,210
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,927,210
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        
b Capital Gain Dividends      
c
d
e
(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       53,251
b        
c
d
e
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        
b        
c
d
e
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 -1,489
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 -11,297
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 503,903 8,511,081 0.05921
2009 476,002 8,155,265 0.05837
2008 432,588 7,413,090 0.05836
2007 540,095 9,728,338 0.05552
2006 604,863 11,419,675 0.05297
2 Total of line 1, column (d) ...................... 2 0.28441
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 0.05688
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 7,876,448
5 Multiply line 4 by line 3....................... 5 448,036
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,769
7 Add lines 5 and 6......................... 7 449,805
8 Enter qualifying distributions from Part XII, line 4.............. 8 539,951
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 1,769
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 1,769
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 1,769
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,514
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 2,514
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 10 745
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet745 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
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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)bulletFL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBarbara Ortiz Telephone no.bullet (352) 873-0848
    Located atbullet8447 SW 99th St RdOcalaFL ZIP+4bullet34481
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Barbara Ortiz Asst Sec
    2.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Leslee R Colen Asst Sec/Dir
    0.00     		0    
    5702 SUWANEE AVENUE
    TAMPA,FL33604
    Gerald R Colen Treas/Sec/Dir
    0.00     		0    
    7569 Aralia Way
    Largo,FL33777
    Robert Colen Asst Sec/Dir
    0.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Kenneth D Colen Vice Pres/Dir
    3.00     		0    
    8447 SW 99th Street Rd
    Ocala,FL34481
    Ina A Colen President/Dir
    2.00     		0    
    2291 World Parkway Blvd West
    Clearwater,FL33763
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    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 PAYMENTS TO SUPPORT AND ASSIST AGED INDIVIDUALS IN MAINTAINING THEIR HOME ENVIRONMENT. ONE BENEFICIARY WAS ASSISTED DURING THE CURRENT YEAR. 725
    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
    8,165,068
    b
    Average of monthly cash balances.......................
    1b
    61,380
    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
    8,226,448
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,226,448
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    350,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,876,448
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    393,822
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    393,822
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,769
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,769
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    392,053
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    392,053
    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
    392,053
    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
    539,951
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    539,951
    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
    1,769
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    538,182
    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 7 392,053
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010....... 65,775
    fTotal of lines 3a through e......... 65,775
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 539,951
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2011 distributable amount..... 392,053
    e Remaining amount distributed out of corpus 147,898
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 213,673
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		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) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		213,673
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010.... 65,775
    e Excess from 2011.... 147,898
    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:
    Kenneth D Colen
    8447 SW 99th St Rd
    Ocala,FL34481
    (352) 854-0805
    bThe form in which applications should be submitted and information and materials they should include:
    The Foundation has an "Application for Grant" form to be completed by all 501(C)(3) applicants. A copy of the application is attached. In addition, the Foundation, through its Board of Directors, has established certain procedures to be followed in evaluating potential beneficiaries of its remainder interest program.The Board of Directors of The Colen Foundation, Inc. evaluates potential beneficiaries prior to approval of their participation in its rental or remainder interest program. The procedures set forth below are to be followed in evaluating each beneficiary:1. Advise the senior citizen to seek independent legal counsel and independent financial advice.2. Determine that the senior citizen has no more than a moderate income or low income that provides insufficient cash for daily living expenses.3. Determine that the market value of the senior citizen's home is in a moderate price range (in the case of the remainder interest program).4. Consult with the senior citizen's relatives
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation makes grants to qualified charities and provides assistance to the charitable class of the aged to enable members of the class to maintain a modest standard of living in their communities during their declining years.
    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 Heart Association
    303 SE 17th St 309-167
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 2,500
    Florida Inst for Human Machine Cognition
    15 SE Osceola Avenue
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 2,500
    Community Foundation for Ocala Marion Co
    310 SE 3rd St
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 2,500
    Boys & Girls Club of Marion County Inc
    800 SW 12th Ave
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 1,500
    Ocala Autism Support Network Inc
    4115 SW 130th Place
    Ocala,FL34473     		N/A 501(c)3 Charitable Contribution 4,048
    International Action
    819 L Street SE
    Washington,DC20003     		N/A 501(c)3 Charitable Contribution 5,000
    The VOICExperience Foundation
    PO Box 1576
    Palm Harbor,FL34682     		N/A 501(c)3 Charitable Contribution 10,000
    Hillels of the Florida Suncoast
    13102 N 50th Street
    Tampa,FL33617     		N/A 501(c)3 Charitable Contribution 5,000
    Ctr for Creative ChangeMoment Magazine
    4115 Wisconsin Ave NW-Suite LL10
    Washington,DC20016     		N/A 501(c)3 Charitable Contribution 20,000
    Catholic Charities Bureau Inc
    134 East Church Street
    Jacksonville,FL32202     		N/A 501(c)3 Charitable Contribution 5,000
    Temple Beth Shalom
    1109 NE 8TH Avenue
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 39,000
    The Perlman Music Program Suncoast Inc
    PO Box 3407
    Sarasota,FL34230     		N/A 501(c)3 Charitable Contribution 10,000
    Congregation Bnai Israel of St Pete
    300 58th Street North
    St Petersburg,FL33710     		N/A 501(c)3 Charitable Contribution 12,500
    Ruth Eckerd Hall Inc
    1111 McMullen Booth Road
    Clearwater,FL33756     		N/A 501(c)3 Charitable Contribution 25,000
    Israel Guide Dog Center for the Blind
    732 S Settlers Circle
    Warrington,PA18976     		N/A 501(c)3 Charitable Contribution 1,000
    New Israel Fund
    330 Seventh Avenue 11th Floor
    New York,NY10001     		N/A 501(c)3 Charitable Contribution 25,000
    Hillel Found at University of Florida
    2020 W University Avenue
    Gainesville,FL32603     		N/A 501(c)3 Charitable Contribution 10,000
    Jewish Adoption and Foster Care Options
    4200 North University Drive
    Sunrise,FL33351     		N/A 501(c)3 Charitable Contribution 2,500
    Tampa Bay Preforming Arts Center Inc
    PO Box 518
    Tampa,FL33601     		N/A 501(c)3 Charitable Contribution 25,000
    Jewish Theological Seminary
    3080 Broadway
    New York,NY10027     		N/A 501(c)3 Charitable Contribution 5,000
    Florida Orchestra Inc
    244 Second Ave N Suite 420
    St Petersburg,FL33701     		N/A 501(c)3 Charitable Contribution 10,000
    Canine Companions for Independence
    PO Box 680388
    Orlando,FL32868     		N/A 501(c)3 Charitable Contribution 1,000
    American Jewish University
    15600 Mulholland Dr
    BelAir,CA90077     		N/A 501(c)3 Charitable Contribution 1,000
    WUSF Public Broadcasting-Radio
    4202 East Fowler Ave WRB 219
    Tampa,FL33620     		N/A 501(c)3 Charitable Contribution 2,000
    WUSF Public Broadcasting-TV
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		N/A 501(c)3 Charitable Contribution 2,000
    Horiticultural Arts & Park Inst Inc
    8447 SW 99TH ST
    Ocala,FL34481     		N/A 501(c)3 Charitable Contribution 250,000
    Friends of Yad Lakashish
    PO Box 494
    Englewood,NJ07631     		N/A 501(c)3 Charitable Contribution 3,000
    WEDU
    1300 North Boulevard
    Tampa,FL33607     		N/A 501(c)3 Charitable Contribution 1,000
    UPARC Foundation
    1501 N Blecher Rd Ste 244
    Clearwater,FL33765     		N/A 501(c)3 Charitable Contribution 1,000
    Memorial Sloan-Kettering Cancer Inst
    633 Third Ave 12th FL
    New York,NY10017     		N/A 501(c)3 Charitable Contribution 1,000
    AMER SOCIETY FOR YAD VASHEM
    500 Fifth Ave Ste 1600
    New York,NY10110     		N/A 501(c)3 Charitable Contribution 1,000
    Marion Tumberello
    9870-B SW 85th Terrace Rd
    Ocala,FL34481     		Unrelated n/a SUPPORT AND ASSIST AGED INDIVIDUALS 725
    Ocala Symphony Orchestra
    416 SE Fort King Street
    OCALA,FL34471     		N/A 501(c)3 Charitable Contribution 10,000
    US HOLOCAUST MUSEUM
    100 Raoul Wallenberg Place SW
    WASHINGTON,DC20024     		N/A 501(c)3 Charitable Contribution 1,000
    Total .................................bullet 3a 497,773
    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     14 118  
    4 Dividends and interest from securities....     14 194,757  
    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 -1,489  
    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)..   193,386  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13193,386
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 11000144
    Software Version: 2011v1.5


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 5,500 550 0 4,950

    TY 2011 CashDeemedCharitableExplnStmt
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Explanation:
    The Colen Foundation ("Foundation") submits for the reasons set forth below that cash balances greater than an amount equal to 1-1/2% of its assets of the type described in Treasury Regulation section 53.4942(a)-2(c)(3)(i) are necessary for payment of its anticipated expenses and charitable disbursements, within the meaning of Treasury Regulation section 53 .4942(a)-2(c)(3)(iv).During the past five tax years, the Foundation has distributed a total of $2,507,901 for an average of in excess of approximately $501,580 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/12 $539,95111/30/11 $505,54911/30/10 $480,15311/30/09 $437,27511/30/08 $544,973The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2013, and requires the cash deemed held for charitable purposes at its November 30, 2012 year end to accomplish this purpose.The officers and directors of the Foundation are not compe

    TY 2011 GeneralExplanationAttachment
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Identifier Return Reference Explanation
      FORM 990-PF, PART XV, LINE 2A-D  
        The Colen Foundation, Inc.59-2474711Form 990-PF, November 30, 2012IRC SECTION 754 STATEMENT:THE TAXPAYER IS A TRANSFEREE PARTNER IN ISHARES S&P GSCI COMMODITY-INDEXED TRUST WHO HAS A SPECIAL ADJUSTMENT UNDER INTERNAL REVENUE CODE (IRC) SECTION 743(B) PURSUANT TO THE IRC SECTION 754 ELECTION MADE BY ISHARES S&P GSCI COMMODITY-INDEXED TRUST. THE SPECIAL BASIS ADJUSTMENT WAS MADE IN ACCORDANCE WITH THE RULES PROVIDED IN IRC SECTION 743 AND 755 AND THE REGULATIONS THEREUNDER. DETAILED INFORMATION IS AVAILABLE IN THE OFFICE OF THE GENERAL PARTNER UPON REQUEST.
        The Colen Foundation, Inc.59-2474711Form 990-PF, November 30, 2012Part VIII, Line 1 - List of Officers, Directors, Trustees and Key EmployeesSupplemental Information to Statement 12The following employees average less than 25 hours/year and as such have an average weekly number of hours less than .5 and are thus rounded down to none:Robert Colen - Average annual hours: 15Gerald R Colen - Average Annual Hours: 25Leslee R Colen - Average Annual Hours: 15

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ROYAL BANK SCOTLAND GRP 2.55% 9/18/15 24,986 25,581
    ROYAL BANK OF CANADA 1.2% 9/19/2017 9,999 10,065
    RABOBANK NEDERLAND 3.375% 1/19/17 16,119 16,131
    PRIVATE EXPORTING FUNDING 29,888 30,816
    NYSE EURONEXT 2% 10/5/17 14,974 15,445
    NBC UNIVERSAL MEDIA 4.375% 4/1/2021 17,168 17,033
    GOLDMAN SACHS GROUP IN 3.3% 5/3/15 31,483 31,251
    DIAGEO CAPITAL PLC 1.5% 5/11/17 9,956 10,176
    BEAR STEARNS CO INC NOTES 22,124 22,629
    Anheuser-Bush INBEV 1.375% 7/15/2017 9,971 10,108
    Dow Chemical Co 4.25% 11/9/10 15,359 16,589
    Intel Corp 1.95% 9/19/11 14,977 15,617
    Hydro-Quebec 2% 6/30/16 9,998 10,441
    Wal-Mart Stores Inc 2.8% 4/15/2016 19,926 21,439
    BP CAPITAL MARKETS PLC 3.2% 3/11/16 19,982 21,415
    Thermo Fisher Scientific 3.2% 3/1/2016 20,354 21,357
    Petrobras Intl Fin Co 3.875% 1/27/11 14,994 15,894
    American Intl Group 4.25% 9/15/14 24,682 26,405
    Bbva US Senior SA UNI 3.25% 5/16/14 14,923 15,002
    Wachovia Corp 5.25% 8/1/2014 21,662 21,426
    Time Warner Inc 4% 1/15/22 15,833 16,431
    Time Warner Cable Inc 4.125% 2/15/21 24,842 27,456
    TD Ameritrade Holding Corp 14,970 16,001
    Simon Property Group 4.2% 25,051 26,569
    KRAFT FOODS INC 4.125 2/9/2016 14,949 16,412
    Johnson Controls Inc Dtd 1/15/2016 27,409 28,353
    American Express 2.75 % 9/15/15 14,912 15,784
    VERIZON COMMUNICATIONS 5.5% 2/15/2018 25,119 30,183
    UNITED TECHNOLOGIES 6.12 2/1/09 11,392 12,585
    TELEFONICA EMISIONES 4.949% 1/15/2015 20,000 20,704
    ROGERS WIRELESS INC 3/1/2014 15,818 16,044
    PRUDENTIAL FINL INC 20,190 22,035
    PRIVATE EXPORT FUNDING DTD 2/26/09 4.375 19,895 24,023
    PFIZER INC 6.2% 3/15/2019 14,985 19,151
    ORACLE CORP 5.75% 4/15/18 15,444 18,382
    ONTARIO PROVINCE OF 4.0 10/7/2019 34,940 40,488
    MORGAN STANLEY GLOBAL 4.75% 4/1/2014 24,964 25,876
    METLIFE INC 6.75% 6/1/2016 9,976 11,947
    MCDONALD'S CORP 5.8% 10/15/2017 10,832 12,244
    GLAXOSMITHKLINE CAP 15,878 18,399
    GENERAL ELEC CAP CORP 4.8% 5/1/2013 29,678 30,543
    DIAGEO FINANCE BV 5.5% 4/1/2013 5,445 5,081
    DAIMLERCHRYSLER NORTH 6.5% 11/15/2013 15,451 15,813
    CRH AMERICA INC 5.3% 10/15/2013 20,063 20,723
    CATERPILLAR FINANCIAL SE 2/17/2014 14,927 16,002
    AT&T INC 4.45% 5/15/2021 9,993 11,653
    ASTRAZENECA PLC 5.9% 9/15/2017 21,084 24,579
    Lehman Brothers Holdings 12/28/37 90,041 23,000
    Bank of America Corp Global SR SUB Notes 41,382 49,107
    LEHMAN BROTHERS HOLDINGS 3/27/37 46,748 11,960
    LEHMAN BROTHERS HOLDINGS 2/13/37 90,375 21,000

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BNY Mellon International Equity (MLIMX) 134,747 134,052
    WELLS FARGO & COMPANY 15,428 17,495
    TEVA PHARMACEUTICAL INDS 8,168 8,070
    SOUTHWESTERN ENERGY CO 15,011 14,925
    SCHLUMBERGER LTD 14,554 13,608
    THE PROCTER & GAMBLE CO 11,377 13,268
    PNC FINANCIAL SERVICES GROUP 14,079 12,912
    PEPSICO INC 18,238 18,957
    MONDELEZ INTERNATIONAL W/I 12,733 17,346
    METLIFE INC 16,893 17,093
    LOWE'S COMPANIES INC 12,029 16,241
    MARATHON OIL CORP 14,416 15,117
    INTERNATIONAL BUSINESS MACHINES CORP 4,751 4,372
    GILEAD SCIENCES INC 10,199 16,500
    COMCAST CORP CLASS A 7,792 9,299
    BROADCOM CORP CL A 12,318 11,333
    APPLE INC 23,327 23,411
    WALGREENS CO 1.80% 9/15/2017 4,990 5,057
    HSBC FINANCE CORP 6.676% 1/15/2021 29,100 29,716
    GRUPO TELEVISA SAB 17,465 17,856
    FORD MOTOR CREDIT CO 3% 6/12/2017 9,996 10,190
    CITIGROUP INC 6.125% 11/21/17 26,641 35,656
    BNY Mellon Mid Cap Stock Fund 376,800 390,554
    John Deere Capital Co 9,987 10,146
    Strategic International Stock Fund 109,573 123,032
    BNY Mellon Income Stock Fund 985,800 1,102,454
    Valero Energy Corp New 10,902 12,581
    Teradata Corporation 13,396 14,870
    Las Vegas Sands Corp 11,946 13,295
    Dover Corp 16,869 15,898
    Watson Pharmaceuticals Inc 14,689 27,283
    Salesforce.com 10,859 17,974
    Halliburton Co 9,758 11,339
    BNY MELLON MONEY MARKET FUND 113,560 113,560
    Dreyfus/Newton International Equity 60,340 62,077
    Celanese Corp Ser A 11,545 13,133
    BNY Mellon Small/Mid Cap Fund 91,200 82,993
    BNY Mellon International Fund CL M 133,102 126,808
    Baxter International Inc 12,772 19,218
    THE WALT DISNEY CO 9,928 16,884
    JOHNSON CONTROLS INC 9,354 14,045
    INVESCO LTD 9,745 15,494
    CATERPILLAR INC 13,045 20,458
    BNY MELLON LARGE CAP STK FD CL M 951,105 1,147,622
    BNY MELLON EMERGING MARKETS FD CL M 766,600 733,289

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    US Government Securities - End of Year Book Value:

    1,337,957
    US Government Securities - End of Year Fair Market Value:

    1,366,878
    State & Local Government Securities - End of Year Book Value:


    115,348
    State & Local Government Securities - End of Year Fair Market Value:


    124,179


    TY 2011 InvestmentsLandSchedule2
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land       1,000
    Buildings 73,188   73,188 73,188

    TY 2011 InvestmentsOtherSchedule2
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EATON CORP PLC AT COST 16,734 18,256
    DREYFUS SELECT MGERE S/C VL1 AT COST 246,800 258,674
    DREYFUS SELECT MGER S/C GR-1 AT COST 76,600 84,523
    DREYFUS EMERGING MKT DEBT LOC C-1 AT COST 80,200 88,599
    CATHOLIC HEALTH INITIATIVE 2.95% 11/1/12 AT COST 4,987 5,112
    TCW Emerging Markets Income fUnd AT COST 120,600 137,619
    Highbridge Dynamic Commodities AT COST 102,292 84,430
    Dreyfus Global Real Estate Securities AT COST 163,469 180,850
    Dreyfus High Yield Fund AT COST 244,600 242,526

    TY 2011 LegalFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 39,980 3,998 0 35,982


    TY 2011 OtherExpensesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Postage 7     7
    Office Supplies 50     50
    Investment Fees 10,179 10,179    
    Insurance 1,027     1,027
    Annual State Filing Fee 61     61


    TY 2011 OtherLiabilitiesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Description Beginning of Year - Book Value End of Year - Book Value
    Remainder Interest 21,372 17,456


    TY 2011 TaxesSchedule
    Name:
    The Colen Foundation Inc
    EIN: 59-2474711
    Software ID:11000144
    Software Version:2011v1.5
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Real Estate Taxes 101     101
    Foreign Taxes Paid 3,256 3,256    
    Excise tax 1,769