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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
Muna & Basem Hishmeh Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)1850 S Ocean Drive Room Unit 3104   Room/suite
City or town, state, and ZIP code
Hallandale Beach, FL33009
A Employer identification number

65-1270242
B Telephone number (see instructions)

(954) 458-1778
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,904,108J 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 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) 25,000
2 Check bullet
3 Interest on savings and temporary cash investments 179 179  
4 Dividends and interest from securities...... 82,404 82,404  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 10,036
b Gross sales price for all assets on line 6a 1,630,410
7 Capital gain net income (from Part IV, line 2)... 10,036
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........ 117,619 92,619  
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 74,521 74,521    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,266 2,698    
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 attachment 27,184 1,107   26,077
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 106,971 78,326   26,077
25 Contributions, gifts, grants paid........ 309,000 309,000
26 Total expenses and disbursements. Add lines 24 and 25 415,971 78,326   335,077
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -298,352
b Net investment income (if negative, enter -0-) 14,293
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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.......... 105,838 325,488 325,488
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...........      
10a Investments—U.S. and state government obligations (attach schedule) 212,357 201,796 204,119
b Investments—corporate stock (attach schedule)........ 3,360,610 Click to see attachment2,853,169 3,374,501
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 3,678,805 3,380,453 3,904,108
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,678,805 3,380,453
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,678,805 3,380,453
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,678,805 3,380,453
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 3,678,805
2 Enter amount from Part I, line 27a..................... 2 -298,352
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,380,453
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 3,380,453
Form 990-PF (2012)
Form 990-PF (2012)
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 Publicly-traded Securities      
b
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 1,630,410   1,620,374 10,036
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       10,036
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 10,036
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 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))
2011 397,683 3,885,823 000.102342
2010 274,946 3,855,626 000.071310
2009 233,833 3,632,227 000.064377
2008 281,593 4,199,848 000.067048
2007 80,000 829,722 000.096418
2 Total of line 1, column (d) ...................... 2 000.401495
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. . . 		3 000.080299
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 3,691,463
5 Multiply line 4 by line 3....................... 5 296,421
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 143
7 Add lines 5 and 6......................... 7 296,564
8 Enter qualifying distributions from Part XII, line 4.............. 8 335,077
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 1 143
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............................ 3 143
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- ..... 5 143
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 1,157
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.............. Tax Paid Original Return: 1157 7 1,157
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 1,014
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet200 Refunded Bullet 11 814
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 instructions)
    bullet
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    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 ofbulletMuna & Basem Hishmeh Foundation Telephone no.bullet (954) 458-1778
    Located atbullet1850 S Ocean Drive Unit 3104Hallendale BeachFL ZIP+4bullet33009
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 2012.)....................
    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 2012?
    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 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 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). Click to see attachment
    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 (2012)
    Form 990-PF (2012)
    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 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
    Basem L Hishmeh Pres / Dir
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Muna Hishmeh Dir / Sec
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Robert Hishmeh Dir / Treas
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    Amal Ibrahimaj VP / Dir
    001.00     		0    
    1850 S Ocean Drive Unit 3104
    Hallandale Beach,FL33009
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    UBS Financial Services Investment Management 74,521
    7700 Wisconsin Ave Suite 300
    Bethesda,MD20814
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    3,586,095
    b
    Average of monthly cash balances.......................
    1b
    161,583
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,747,678
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,747,678
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    56,215
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,691,463
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    184,573
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    184,573
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    143
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    143
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    184,430
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    184,430
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    184,430
    Part XII
    Qualifying Distributions (see 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 Click to see attachment..........
    1a
    335,077
    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
    335,077
    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 instructions).................
    5
    143
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    334,934
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 184,430
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008....... 53,376
    c From 2009.......  
    d From 2010....... 84,609
    e From 2011....... 205,664
    fTotal of lines 3a through e......... 343,649
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 335,077
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 184,430
    e Remaining amount distributed out of corpus 150,647
    5 Excess distributions carryover applied to 2012.    
    (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 5 494,296
    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 instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		494,296
    10 Analysis of line 9:
    a Excess from 2008.... 53,376
    b Excess from 2009....  
    c Excess from 2010.... 84,609
    d Excess from 2011.... 205,664
    e Excess from 2012.... 150,647
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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).)
    Basem L Hishmeh
    Muna Hishmeh
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    ARAB COMM CTR FOR ECONOMIC & SOCIAL SVC
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A 509a2 Free Craft Sundays 5,000
    ARAB COMM CTR FOR ECONOMIC & SOCIAL SVC
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A 509a2 SURA Arts Academy 10,000
    CLEVELAND WEST ART LEAGUE INC
    18403 SLOANE AVE
    LAKEWOOD,OH44107     		N/A 509a1 Kids Afternoons at CWAL 9,000
    CUYAHOGA VALLEY YOUTH BALLET
    PO BOX 3131
    CUYAHOGA FLS,OH44223     		N/A 509a2 Reach Out and Dance 2,500
    EDWARD SAID NAT'L CONSERVATORY OF MUSIC
    PO BOX 66676
    JERUSALEM PALESTINE   91666
    IS     		N/A 509a1 Equivalency De Student Orchestra Program 100,000
    FIRST RAMALLAH GROUP
    PO BOX 2017
    RAMALLAH PALESTINE    
    IS     		N/A Other Expenditure Responsibility Grant 30,000
    FREE ARTS FOR ABUSED CHILDREN OF NYC INC
    1431 BROADWAY FL 7
    NEW YORK,NY10018     		N/A 509a1 General Unrestricted 15,000
    NATIONAL DANCE INSTITUTE INC
    217 W 147TH ST
    NEW YORK,NY10039     		N/A 509a1 The Irene Diamond Summer Institute 15,000
    NEW 42ND STREET INC
    229 W 42ND ST
    NEW YORK,NY10036     		N/A 509a1 New Victory Childrens Education Program 15,000
    PHILHARMONIC-SYMPHONY SOCIETY OF NY INC
    10 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A 509a1 Very Young Composers and Free Concerts 35,000
    RAWDAT EL-ZUHUR MUSIC ART AND DRAMA
    PO BOX 19796
    JERUSALEM PALESTINE   91017
    IS     		N/A Other Expenditure Responsibility Grant 20,000
    ROUNDABOUT THEATRE COMPANY INC
    231 W 39TH ST
    NEW YORK,NY10018     		N/A 509a1 EducationRoundabout Development Program 15,000
    THE MUSICAL ARTS ASSOCIATION
    11001 EUCLID AVE
    CLEVELAND,OH44106     		N/A 509a1 The Cleveland Orchestras Learning Through Music 2,500
    THE ORTHODOX CLUB
    BOX 761
    RAMALLAH PALESTINE    
    IS     		N/A Other Expenditure Responsibility Grant 10,000
    THE WILLIAM PATERSON UNIVERSITY OF NJ FDN
    300 POMPTON RD
    WAYNE,NJ07470     		N/A 509a1 Paterson Middle School System Music Project and Exchange Activities 25,000
    Total .................................bullet 3a 309,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 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     14 179  
    4 Dividends and interest from securities....     14 82,404  
    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 10,036  
    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)..   92,619  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1392,619
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID: 12000057
    Software Version: 12.13.328.3
    Part VI Line 7 - Tax Paid Original Return: 1157


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    Muna & Basem Hishmeh Foundation Inc
     
    Employer identification number

    65-1270242
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Hishmeh Basem L    
    1850 S Ocean Drive Unit 3104
       
    Hallandale Beach, FL   33009

    		$25,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    Muna & Basem Hishmeh Foundation Inc
          		Employer identification number

    65-1270242
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID: 12000057
    Software Version: 12.13.328.3

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 ExpenditureResponsibilityStmt
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Rawdat El-Zuhur PO Box 19796
    E Jerusalem Palestine   91017
    IS     		2011-02-18 20,000 Funding for Music, Art and Drama Program for children with learning difficulties. 20,000 Not to the knowledge of grantor. 9/4/12   None necessary
    Rawdat El-Zuhur PO Box 19796
    E Jerusalem Palestine   91017
    IS     		2012-03-21 20,000 Funding for Music, Art and Drama Program for children with learning difficulties. 20,000 Not to the knowledge of grantor. 2/20/13   None necessary
    Edward Said National Conservatory o P O Box 66676
    Jerusalem Palestine   91666
    IS     		2009-03-23 30,000 Funding for the Student Orchestra Program. Installment 1 of 2 30,000 Not to the knowledge of grantor. 1/31/10   None necessary
    Edward Said National Conservatory o P O Box 66676
    Jerusalem Palestine   91666
    IS     		2010-03-10 30,000 Funding for the Student Orchestra Program. Installment 2 of 2 30,000 Not to the knowledge of grantor. 9/20/12   None necessary
    First Ramallah Group PO Box 2017
    Ramallah Palestine    
    IS     		2009-03-23 35,000 Funding for school of dance. 35,000 Not to the knowledge of grantor. 3/4/10 and 10/3/12   None necessary
    First Ramallah Group PO Box 2017
    Ramallah Palestine    
    IS     		2010-03-10 35,000 Funding for school of dance. 35,000 Not to the knowledge of grantor. 10/3/12   None necessary
    First Ramallah Group PO Box 2017
    Ramallah Palestine    
    IS     		2012-03-21 30,000 Funding for school of dance.   Not to the knowledge of grantor. 5/31/13 Expected Submission Date   None necessary
    The Orthodox Club PO Box 761
    Ramallah Palestine    
    IS     		2010-04-15 15,000 Funding for childrens dancing and musical programs. 15,000 Not to the knowledge of grantor. 5/19/12   None necessary
    The Orthodox Club PO Box 761
    Ramallah Palestine    
    IS     		2011-02-18 15,000 Funding for childrens dancing and musical programs. 15,000 Not to the knowledge of grantor. 4/3/12   None necessary
    The Orthodox Club PO Box 761
    Ramallah Palestine    
    IS     		2012-05-29 10,000 Funding for childrens dancing and musical programs.   Not to the knowledge of grantor. 5/31/13 Expected Submission Date   None necessary

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly-traded Securities         1,630,410 1,620,374     10,036  

    TY 2012 GeneralExplanationAttachment
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Identifier Return Reference Explanation

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Name of Stock End of Year Book Value End of Year Fair Market Value
    150 shares of 3M CO 12,724 13,928
    544 shares of ABB LTD. 12,088 11,310
    123 shares of ABBOTT LABS 6,025 8,057
    186 shares of ACCENTURE PLC 11,821 12,369
    193 shares of ADT LTD. 6,355 8,973
    873 shares of AES CORP 10,397 9,341
    256 shares of AGILENT TECHNOLOGIES INC 10,237 10,481
    978 shares of ALLIANZ SE ADR 15,280 13,516
    51 shares of AMAZON COM 11,999 12,794
    199 shares of AMER INTERNATIONAL GROUP INC 7,040 7,025
    285 shares of AMERICA MOVIL SA 7,518 6,595
    326 shares of AMERICAN ELECTRIC POWER INC. 14,451 13,914
    758 shares of AMERICAN EXPRESS CO 32,670 43,569
    173 shares of AMERICAN TOWER REIT INC 8,263 13,368
    287 shares of AMERIPRISE FINANCIAL INC 11,092 17,975
    290 shares of AMERISOURCEBERGEN CORP 7,741 12,522
    184 shares of ANHEUSER BUSCH COS INC 9,397 16,083
    68 shares of APPLE INC. 11,684 36,188
    501 shares of APPLIED MATERIALS INC. 5,668 5,731
    621 shares of ATT CORP COM NEW 20,252 20,934
    316 shares of ATLAS COPCO AB A SHS ADR 3,257 8,804
    205 shares of AUTOMATIC DATA PROCESSING INC. 10,783 11,671
    32 shares of AUTOZONE INC 4,757 11,342
    465 shares of AXA ADS 15,199 8,472
    362 shares of BAKER HUGHES INTL 16,509 14,787
    738 shares of BANCO BILBAO ARG SA 14,726 6,952
    351 shares of BANK OF AMERICA CORP 3,478 4,075
    553 shares of BARCLAYS PLC ADR 16,673 9,578
    92 shares of BARD C R INC. 9,325 8,992
    140 shares of BASF AG SPONS ADR 10,637 13,300
    137 shares of BAYER A G SPONSORED ADR 10,088 13,141
    184 shares of BED BATH BEYOND INC. 11,510 10,287
    200 shares of BERKSHIRE HATHAWAY INC. CLASS B 13,249 17,940
    1100 shares of BG GROUP PLC ADS 21,535 18,381
    328 shares of BHP BILLITON LIMITED 23,360 25,722
    122 shares of BIOGEN IDEC INC 15,606 17,857
    100 shares of BLACKROCK INC 18,877 20,671
    312 shares of BNP PARIBAS SPONS ADR 12,757 9,114
    298 shares of BOEING CO 21,522 22,457
    277 shares of BRISTOL-MYERS SQUIBB CO 9,756 9,027
    140 shares of BRITISH AMERICAN TOBACCO PLC 8,992 14,175
    309 shares of BROADCOM CORPORATION 10,654 10,262
    242 shares of BURBERRY GROUP PLC 10,134 9,869
    298 shares of CA INC. 6,152 6,550
    45 shares of CAMERON INTERNATIONAL CORP 2,472 2,541
    233 shares of CANON INC. 9,389 9,136
    254 shares of CAPITAL ONE FINANCIAL CORP 11,517 14,714
    327 shares of CBS CORP CL B 8,106 12,442
    125 shares of CELANESE CORPORATION 5,100 5,566
    144 shares of CELGENE CORP 9,165 11,300
    476 shares of CENTRICA PLC S/ADR 10,205 10,472
    487 shares of CHARLES SCHWAB CORP NEW 6,731 6,993
    535 shares of CHEUNG KONG HLDGS LTD ADR 7,262 8,303
    270 shares of CHEVRON CORP 23,784 29,198
    583 shares of CHINA CONSTRUCT UNSPON ADR 9,197 9,358
    124 shares of CIGNA 5,300 6,629
    2148 shares of CISCO SYSTEMS INC 37,494 42,206
    1283 shares of CITIGROUP INC 40,425 50,754
    38 shares of CNOOC LTD ADS 5,802 8,360
    187 shares of COACH INC 6,298 10,380
    480 shares of COMCAST CORP 7,765 17,242
    977 shares of COMCAST CORP CL A 24,260 36,501
    1764 shares of COMPAGNIE FINANCIERE RICHEMONT SA 9,360 13,742
    147 shares of COOPER COMPANIES INC 11,633 13,595
    243 shares of CREDIT SUISSE GROUP ADR 11,683 5,968
    753 shares of CVS CAREMARK CORP. 29,502 36,408
    806 shares of DANA HOLDING CP 12,732 12,582
    215 shares of DANAHER CORP 11,212 12,019
    235 shares of DBS GROUP HLDGS SPON ADR 10,867 11,529
    594 shares of DELL INC 8,521 6,023
    170 shares of DEVON ENERGY CORPORATION 11,007 8,847
    106 shares of DIAGEO PLC ADS 7,985 12,357
    216 shares of DISCOVERY COMMUNICATIONS CL A 10,054 13,712
    120 shares of DU PONT DE NEMOURS 3,939 5,397
    155 shares of DUKE ENERGY CO 8,258 9,889
    105 shares of EATON CORP PLC 5,378 5,689
    600 shares of EBAY INC. 22,301 30,600
    72 shares of ECOLAB INC 5,193 5,177
    1366 shares of EMC CORP-MASS 28,302 34,560
    145 shares of ENERGIZER HOLDINGS INC 10,440 11,597
    442 shares of ENSCO PLC 20,201 26,202
    230 shares of EQUIFAX INC. 11,846 12,448
    199 shares of EXPEDIA INC 5,867 12,227
    280 shares of EXPRESS SCRIPTS HOLDING CO. 14,460 15,120
    337 shares of EXXON MOBIL CORP 25,812 29,167
    290 shares of FANUC LIMITED UNSPONSORED 6,857 8,899
    351 shares of FOOT LOCKER INC N.Y. COM 11,080 11,274
    390 shares of FOREST CITY ENTERPRISES CL A 7,050 6,299
    99 shares of FRANKLIN RES INC 11,365 12,444
    371 shares of FREEPORT-MCMORAN COPPER GOLD INC. 14,109 12,688
    234 shares of FRESENIUS MED CAR AG 7,720 8,026
    429 shares of GAP INC. 7,407 13,316
    1931 shares of GENERAL ELECTRIC CO 38,272 40,532
    350 shares of GENERAL MILLS INC 12,008 14,147
    750 shares of GENERAL MOTORS 18,020 21,623
    472 shares of GILEAD SCIENCES INC 21,853 34,668
    330 shares of GLAXOSMITHKLINE PLC 14,099 14,345
    84 shares of GOLDMAN SACHS GROUP 10,494 10,715
    65 shares of GOOGLE INC CL A 35,562 45,979
    415 shares of HALLIBURTON COMPANY 14,022 14,396
    500 shares of HANG LUNG PROPERTIES-SP ADR 9,795 10,075
    103 shares of HENKEL KGAA PFD SHS ADR 6,340 8,485
    691 shares of HOLOGIC, INC 12,360 13,827
    903 shares of HOME DEPOT INC. 33,418 55,850
    298 shares of HONDA MOTOR CO LTD 9,560 11,008
    415 shares of HONEYWELL INTERNATIONAL INC. 21,041 26,340
    475 shares of HSBC HLDGS PLC ADS 26,410 25,208
    127 shares of IMPERIAL TOBACCO GRO 7,332 9,841
    690 shares of INDUSTRIAL COM UNSP/ADR 9,650 9,792
    1045 shares of ING GROUP N V SPONSORED ADR 8,142 9,917
    981 shares of INTEL CORP 18,155 20,228
    119 shares of INTERNATIONAL BUSINESS MACHINES 15,196 22,794
    195 shares of INTUIT 8,926 11,599
    425 shares of JOHNSON JOHNSON 26,932 29,793
    1612 shares of JP MORGAN CHASE CO 64,955 70,877
    160 shares of KIMBERLY CLARK CORP 10,393 13,509
    234 shares of KLA TENCOR CORP 11,181 11,176
    437 shares of KOMATSU LTD. 7,730 11,235
    70 shares of KRAFT FOODS GROUP, INC. 2,786 3,183
    249 shares of KUBOTA CP 10,328 14,347
    844 shares of LAFARGE ADS 23,260 13,673
    143 shares of LAM RESEARCH CORP 6,047 5,167
    78 shares of LAS VEGAS SANDS CORP 4,224 3,600
    448 shares of LENNAR CORP 6,038 17,324
    198 shares of LOWES COMPANIES INC. 6,998 7,033
    430 shares of LVMH MOET HENN UNSP 11,799 16,207
    326 shares of MACYS INC 10,534 12,721
    1004 shares of MARKS SPENCER GRP ADR 11,138 12,510
    199 shares of MARSH AND MCLENNAN COMPANIES INC 6,707 6,860
    25 shares of MASTERCARD INC 8,481 12,282
    117 shares of MCKESSON CORP 9,088 11,344
    213 shares of MEADWESTVACO CORP 5,445 6,788
    518 shares of MEDTRONIC INC 20,111 21,248
    135 shares of METLIFE INC. 5,011 4,447
    799 shares of MICROSOFT CORPORATION 21,252 21,341
    434 shares of MITSUBISHI CORP SPON 19,363 16,731
    654 shares of MITSUBISHI ESTATE CO ADR 12,508 15,657
    663 shares of MONDELEZ INTERNATIONAL INC 14,688 16,873
    267 shares of MONSANTO CO 19,342 25,272
    874 shares of MYLAN INC. 19,498 23,991
    394 shares of NABORS INDUSTRIES LTD 11,219 5,693
    338 shares of NESTLE S.A. 14,169 22,027
    567 shares of NETAPP, INC. 18,872 19,023
    886 shares of NEWS CORP LTD CL A 15,800 22,602
    305 shares of NIDEC CORPORATION ADR 4,956 4,444
    270 shares of NOVARTIS AG ADR 13,792 17,091
    128 shares of OREILLY AUTOMOTIVE INC. 11,842 11,446
    495 shares of ORACLE CORP 11,447 16,493
    262 shares of P P G IND 19,579 35,462
    129 shares of PEABODY ENERGY CORP 3,587 3,433
    119 shares of PENTAIR INC. COM 4,490 5,849
    523 shares of PEPSICO INC 34,642 35,789
    164 shares of PETSMART INC. COM 6,203 11,208
    2319 shares of PFIZER INC. 47,339 58,157
    93 shares of PHILIP MORRIS INTL 6,507 7,779
    487 shares of PING AN INSURANCE 7,708 8,372
    44 shares of PRECISION CASTPARTS 6,138 8,334
    200 shares of PROCTER GAMBLE CO 12,363 13,578
    587 shares of PRUDENTIAL PLC SC 10,285 16,759
    578 shares of QUALCOMM INC 32,907 35,755
    260 shares of RAYTHEON CO. 13,508 14,966
    518 shares of RIO TINTO PLC SPONSORED ADR 26,814 30,091
    322 shares of ROCHE HOLDING LTD ADR 13,550 16,261
    121 shares of ROPER INDUSTRIES NEW COMMON 9,822 13,489
    224 shares of ROSS STORES, INC. 6,500 12,116
    390 shares of ROYAL DUTCH SHELL PLC 24,502 26,891
    350 shares of SANOFI-AVENTIS SPONSORED ADR 13,983 16,583
    213 shares of SAP AKTIENGESELL ADS 10,429 17,121
    339 shares of SCHLUMBERGER LTD 23,013 23,492
    701 shares of SCHNEIDER ELEC UNSP/ADR 11,885 10,368
    199 shares of SCRIPPS NETWORKS INT 11,684 11,526
    315 shares of SEALED AIR CP NEW 5,397 5,516
    924 shares of SHIN-ETSU CHEMICAL C 12,677 14,026
    139 shares of SIEMENS A G ADR 14,831 15,216
    392 shares of SLM CORP 6,594 6,715
    320 shares of SPECTRA ENERGY CORP-W/I 6,255 8,762
    427 shares of STATE STREET CORPORATION 17,676 20,073
    206 shares of STRYKER CORPORATION 10,345 11,293
    653 shares of SYMANTEC CORP 11,981 12,289
    352 shares of SYNOPSYS, INC. 11,723 11,208
    745 shares of TAIWAN SEMICONDUCTOR MFG CO LTD 7,631 12,784
    164 shares of TARGET CORPORATION 10,309 9,704
    394 shares of TE CONNECTIVITY LTD 9,884 14,625
    360 shares of TECHNIP ADS 9,349 10,609
    193 shares of TERADATA CORPORATION 10,016 11,945
    539 shares of TEREX CORP 11,641 15,151
    661 shares of TESCO PLC S ADR 15,472 10,959
    223 shares of TEVA PHARMECEUTICAL SP ADR 10,234 8,327
    735 shares of TEXTRON INC. 15,180 18,221
    125 shares of THERMO FISHER SCIENTIFIC INC 6,257 7,973
    262 shares of TIME WARNER CABLE INC 21,414 25,464
    210 shares of TIME WARNER INC. 6,822 10,044
    257 shares of TJX COMPANIES INC 10,807 10,910
    309 shares of TOTAL FINA ELF S.A. 18,333 16,071
    164 shares of TOYOTA MTR CORP 13,735 15,293
    668 shares of TRAVELERS COMPANIES INC THE 33,960 47,975
    745 shares of TULLOW OIL PLC ADR UK 7,549 7,763
    509 shares of TYCO INTERNATIONAL LTD. 11,743 14,888
    363 shares of UNILEVER N V N Y 10,632 13,903
    213 shares of UNION PACIFIC 14,511 26,778
    180 shares of UNITED PARCEL SERVICE 12,671 13,271
    314 shares of UNITED TECHNOLOGIES CORP 24,304 25,751
    215 shares of UNITEDHEALTH GROUP INC. 6,327 11,662
    345 shares of VALERO ENERGY CORP NEW 7,705 11,771
    70 shares of VISA INC 5,156 10,611
    923 shares of VODAFONE GROUP PLC 26,539 23,250
    444 shares of VOLKSWAGEN AG 9,644 20,686
    350 shares of WAL-MART STORES INC. 16,865 23,881
    757 shares of WALT DISNEY HOLDINGS CO. 31,097 37,691
    305 shares of WASTE MANAGEMENT INC. 10,057 10,291
    205 shares of WELLS FARGO CO. 4,901 7,007
    514 shares of WESTERN DIGITAL CORP 16,130 21,840
    202 shares of WPP GROUP PLC 8,333 14,726
    404 shares of ZURICH INSURANCE GROUP AG 9,804 10,827

    TY 2012 OtherExpensesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 26,077     26,077
    Bank Charges 1,107 1,107    


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 74,521 74,521    


    TY 2012 TaxesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN: 65-1270242
    Software ID:12000057
    Software Version:12.13.328.3
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2012 1,100      
    Foreign Tax Paid 2,698 2,698    
    IRS Excise Tax Payment with 1st ext 990-PF 1,468