Form990-PF
Click to see attachment

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
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
GUMPERT FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 231549   Room/suite
City or town, state, and ZIP code
ENCINITAS, CA920231549
A Employer identification number

26-6065762
B Telephone number (see page 10 of the instructions)

(760) 815-0146
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$45,013,146J 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) 4,583,244
2 Check bullet
3 Interest on savings and temporary cash investments 1,161 1,161  
4 Dividends and interest from securities...... 1,346,812 1,346,812  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 545,605
b Gross sales price for all assets on line 6a 8,265,872
7 Capital gain net income (from Part IV, line 2)... 545,605
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)....... Click to see attachment 16,102 16,102  
12 Total. Add lines 1 through 11........ 6,492,924 1,909,680  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 336,000 168,000   168,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,675 4,838   4,837
16a Legal fees (attach schedule)......... Click to see attachment 9,559 9,559   0
b Accounting fees (attach schedule)....... Click to see attachment 9,100 9,100   0
c Other professional fees (attach schedule).... Click to see attachment 142,498 142,498   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 19,007 9,504   9,503
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,867 2,867  
20 Occupancy.............. 5,618 2,809   2,809
21 Travel, conferences, and meetings....... 10,649 0   10,649
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 62,893 31,447   31,446
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 607,866 380,622   227,244
25 Contributions, gifts, grants paid........ 1,999,666 1,999,666
26 Total expenses and disbursements. Add lines 24 and 25 2,607,532 380,622   2,226,910
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,885,392
b Net investment income (if negative, enter -0-) 1,529,058
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 (2010)
Form 990-PF (2010)
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.......... 2,486,145 926,591 926,591
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...........   38 38
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 34,376,198 Click to see attachment1,994,243 2,262,331
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)........... 0 Click to see attachment37,826,070 41,816,062
14 Land, buildings, and equipment: basis bullet15,837
Less: accumulated depreciation (attach schedule) bullet7,713 7,376 Click to see attachment8,124 8,124
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,869,719 40,755,066 45,013,146
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 attachment45 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 45 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......... 36,869,674 40,755,066
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 3,885,392
30 Total net assets or fund balances (see page 17 of the
instructions).................... 36,869,674 40,755,066
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 36,869,719 40,755,066
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 36,869,674
2 Enter amount from Part I, line 27a...................... 2 3,885,392
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 40,755,066
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 40,755,066
Form 990-PF (2010)
Form 990-PF (2010)
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 68,728.522 SH VANGUARD TOTAL STOCK MARKET INDEX FUND CL I   2009-10-21 2010-03-30
b 95,969.29 SH VANGUARD TOTAL BOND MARKET INDEX FUND INTSTITUTIONAL SH   2009-10-21 2010-03-30
c 40,849.673 SH VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2009-10-21 2010-03-30
d 1,000 SH BJ'S WHOLESALE CLUB INC   2009-10-21 2010-06-21
e 500 SH BJ'S WHOLESALE CLUB INC   2010-04-14 2010-07-01
1,400 SH NV ENERGY INC   2010-04-01 2010-08-23
500 SH BJ'S WHOLESALE CLUB INC   2010-04-14 2010-08-26
10,900 SH CAL DRIVE INTERNATIONAL INC   2010-12-31 2010-08-26
1,200 SH CAL DIVE INTERNATIONAL INC   2010-05-25 2010-08-27
600 SH CAL DIVE INTERANTIONAL INC   2010-05-25 2010-08-30
11,368.804 SH VANGUARD FTSE ALL WORLD EX US INDEX FD   2009-10-21 2010-09-20
35,063.114 SH VANGUARD TOTAL STOCK MARKET INDEX FUND CL I   2009-10-21 2010-09-20
200 SH BJ'S WHOLESALE CLUB INC   2010-05-04 2010-09-24
17618.041 SH VANGUARD TOTAL STOCK MARKET INDEX FUND CL I   2009-10-21 2010-09-27
1,600 SH NV ENERGY INC   2010-04-01 2010-10-04
500 SH NV ENERGY INC   2010-04-01 2010-10-11
500 SH BILL BARRET CORPORATION   2010-04-15 2010-10-19
600 SH BRINKER INTERNATIONAL INC   2010-04-01 2010-10-19
1,000 SH ZEBRA TECHNOLOGIES CORPORATION   2010-12-31 2010-11-08
1,100 SH NALCO HOLDING COMPANY   2010-12-31 2010-11-15
1,000 SH NALCO HOLDING COMPANY   2010-12-31 2010-11-18
5483.659 SH VANGUARD FTSE ALL WORLD EX US INDEX FD   2009-10-21 2010-12-01
4057.124 SH VANGUARD FTSE ALL WORLD EX US INDEX FD   2009-10-21 2010-12-27
11874.604 SH VANGUARD TOTAL STOCK MARKET INDEX FUND CL I   2009-10-21 2010-12-21
FROM K-1 FIRST EAGLE GLOBAL VALUE FD P 2010-12-31  
FROM K-1 FIRST EAGLE GLOBAL VALUE FD P 2010-12-31  
FROM K-1 TRADEWINDS GLOBAL ALL-CAP P 2010-12-31  
FROM K-1 TRADEWINDS GLOBAL ALL-CAP P 2010-12-31  
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,000,000   1,832,302 167,698
b 1,000,000   1,000,922 -922
c 1,000,000   1,017,197 -17,197
d 39,424   37,008 2,416
e 20,485   18,500 1,985
17,649   17,349 300
21,250   18,500 2,750
51,594   63,360 -11,766
5,628   6,215 -587
2,763   3,108 -345
1,000,000   1,001,250 -1,250
1,000,000   934,783 65,217
8,380   7,589 791
500,000   469,697 30,303
20,740   19,828 912
6,524   6,196 328
19,078   15,985 3,093
11,712   11,519 193
38,284   29,842 8,442
32,870   27,522 5,348
29,540   24,761 4,779
500,000   482,946 17,054
375,000   357,311 17,689
375,000   316,577 58,423
3,007     3,007
43,485     43,485
95,157     95,157
48,302     48,302
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       167,698
b       -922
c       -17,197
d       2,416
e       1,985
      300
      2,750
      -11,766
      -587
      -345
      -1,250
      65,217
      791
      30,303
      912
      328
      3,093
      193
      8,442
      5,348
      4,779
      17,054
      17,689
      58,423
      3,007
      43,485
      95,157
      48,302
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 2 545,605
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 2,727,453 31,597,954 0.086317
2008 1,250,012 40,393,511 0.030946
2007 31,986 5,797,370 0.005517
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.122780
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 0.040927
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 40,117,178
5 Multiply line 4 by line 3....................... 5 1,641,876
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 15,291
7 Add lines 5 and 6......................... 7 1,657,167
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,226,910
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 (2010)
Form 990-PF (2010)
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 15,291
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 15,291
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,291
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 6,504
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,504
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 182
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 41,031
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet25,331 Refunded Bullet 11 15,700
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCA
    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 2010 or the taxable year beginning in 2010 (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 ofbulletDAVID CORNSWEET Telephone no.bullet (760) 815-0146
    Located atbulletPO BOX 231549ENCINITASCA ZIP+4bullet920231549
    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 2010, 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 (2010)
    Form 990-PF (2010)
    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 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DAVID CORNSWEET DIRECTOR
    35.00     		168,000 0 0
    1038 COTTAGE WAY
    ENCINITAS,CA92024
    PATRICK DEMPSEY DIRECTOR
    35.00     		168,000 0 0
    2181 EDINBURG AVE
    CARDIFF,CA920071804
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MEKETA INVESTMENT GROUP INVESTMENT MANAGEMENT SERVICES 123,402
    5796 ARMADA DRIVE
    CARLSBAD,CA92008
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    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...........................bullet0
    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
    38,750,688
    b
    Average of monthly cash balances.......................
    1b
    1,977,411
    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
    40,728,099
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    40,728,099
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    610,921
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,117,178
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,005,859
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,005,859
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    15,291
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,291
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,990,568
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,990,568
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,990,568
    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
    2,226,910
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    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
    2,226,910
    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
    15,291
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,211,619
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 1,990,568
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 104,336
    fTotal of lines 3a through e......... 104,336
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,226,910
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 1,990,568
    e Remaining amount distributed out of corpus 236,342
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 340,678
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		340,678
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 104,336
    e Excess from 2010.... 236,342
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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:
    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 (2010)
    Form 990-PF (2010)
    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
    STAND UP 4 KIDS
    PO BOX 1685
    OCEANSIDE,CA92051     		NONE 501 (C)(3) ASSIST HOMELESS 105,666
    WOMEN'S RESOURCE CENTER
    1963 APPLE STREET
    OCEANSIDE,CA92054     		NONE 501 (C)(3) SHELTER AND HELP FOR ABUSED 200,000
    ANTI-DEFAMATION LEAGUE
    7851 MISSION CENTER COURT 320
    SAN DIEGO,CA92108     		NONE 501 (C)(3) JUSTICE AND FAIR TREATMENT FOR ALL 200,000
    VENICE FAMILY CLINIC
    604 ROSE AVE
    VENICE,CA90291     		NONE 501 (C)(3) HEALTHCARE FOR PEOPLE IN NEED 200,000
    GUARDIANS OF SAN DIEGO
    211 SAXONY ROAD
    ENCINITAS,CA92024     		NONE 501 (C)(3) HOMES FOR THE FRIAL AND ELDERLY 60,000
    RAMAPO COLLEGE HOLOCAUSTGENOCIDE CENTER
    505 RAMAPO VALLEY RD
    MAHWAH,NJ07430     		NONE 501 (C)(3) GENOCIDE AND HUMAN RIGHTS EDUCATION 30,000
    CAMP RONALD MCDONALD FOR GOOD TIMES
    1954 COTNER AVE
    LOS ANGELES,CA90025     		NONE 501 (C)(3) BETTER LIFE FOR KIDS WIT CANCER 60,000
    WORDS ALIVE
    5111 SANTA FE ST STE 219
    SAN DIEGO,CA92109     		NONE 501 (C)(3) EARLY LITERACY INTERVENTION 80,000
    HAPPY TRAILS
    15332 ANTIOCH STREET 171
    PACIFIC PALISADES,CA90272     		NONE 501 (C)(3) AID TO CHILDREN WITH DISABILITIES 60,000
    PRO-KIDS GOLD ACADEMY
    4085 52ND ST
    SAN DIEGO,CA92105     		NONE 501 (C)(3) EDUCATION THROUGH GOLF 200,000
    WHISPERING HOPE RANCH
    5333 N 7TH ST STE C223
    PHEONIX,AZ85014     		NONE 501 (C)(3) NATURE AND ANIMALS TO SPECIAL NEEDS CHILDREN 80,000
    TENDER LOVING CANINES ASSIST DOGES
    PO BOX 1244
    SOLANA BEACH,CA92075     		NONE 501 (C)(3) TRAINING OF ASSIST ANIMALS 40,000
    SATHYA SAI SOCIETY OF AMERICA
    PO BOX 660908
    ARCADIA,CA91066     		NONE 501 (C)(3) EDUCATION THROUGH GOLF 361,000
    HOSPICE OF THE NORTH COAST
    5441 AVENIDA ENCINAS STE A
    CARLSBAD,CA92008     		NONE 501 (C)(3) CARE FOR TERMANIALLY ILL AND THEIR FAMILY 240,000
    KIS INCLUDED TOGETHER
    740 13TH ST
    SAN DIEGO,CA92101     		NONE 501 (C)(3) RECREATIONAL, CHILD & YOUTH DEVELOPMENT PROGRAMS 60,000
    SAN DIEGO CITY COLLEGE
    1313 PARK BLVD
    SAN DIEGO,CA92101     		NONE 501 (C)(3) EDUCATION 5,000
    CHARITIES AID FOUNDATION AMERICA
    90 PARK AVE STE 1600
    NEW YORK,NY10016     		NONE 501 (A)(1) EDUCATION, DISASTER RELIEF, ET AL 5,000
    MOXIE THEATRE
    6663 EL CAJON BLVD STE N
    SAN DIEGO,CA92115     		NONE 501 (C)(3) CREATE MORE DIVERSE AND HONEST IMAGES OF WOMEN FOR OUR CULTURE USING THE ART 5,000
    SOMALI FAMILY SERVICES OF SAN DIEGO
    6035 INIVERSITY AVE 6
    SAN DIEGO,CA92115     		NONE 501 (C)(3) SOCIAL SERVICE ORGANIZATION ADDRESSING THE CRITICAL NEEDS AND CONCERNS OF RE 1,000
    A REASON TO SURVIVE
    2820 ROOSEVELT RD
    SAN DIEGO,CA92106     		NONE 501 (C)(3) VISUAL, PERFORMING, AND LITERARY ARTS CAN TRANSFORM LIVES 5,000
    IMPERIAL ORDER OF ST CONSTANTINE
    8797 MARRON REAK WAY
    RIVERSIDE,CA92508     		NONE 509 (A)(2) EXPANSION OF CHIVALRIC PRINCIPLES THROUGH FELLOWSHIP. PROVIDE A MODEL OF LEA 2,000
    Total .................................bullet 3a 1,999,666
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 1,161  
    4 Dividends and interest from securities....     14 1,346,812  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 16,102  
    8Gain or (loss) from sales of assets other than inventory     18 545,605  
    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).. 0 1,909,680 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,909,680
    (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 (2010)
    Form 990-PF (2010)
    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 (2010)
    Additional Data


    Software ID:  
    Software Version:  


    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
    2010
    Name of organization
    GUMPERT FOUNDATION
     
    Employer identification number

    26-6065762
    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 in the heading of its
    Form 990-EZ, or on 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) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    GUMPERT FOUNDATION
          		Employer identification number

    26-6065762
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    WILLIAM GUMPERT TRUST    
    16000 VENTURA BLVD STE 1204
       
    ENCINO, CA   91436

    		$4,583,244




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    GUMPERT FOUNDATION
          		Employer identification number

    26-6065762
    Part II
    Noncash Property (see Instructions)
    		     
    (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) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    GUMPERT FOUNDATION
          		Employer identification number

    26-6065762
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating 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 $  
    (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) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROBERT P. MONTANIO, CPA, APC 9,100 9,100   0

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

    TY 2010 DepreciationSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE EQUIPMENT 2007-12-03 6,063 2,755 SL 0 % 1,213 0    
    OFFICE FURNITURE 2008-02-01 1,044 400 SL 0 % 209 0    
    OFFICE FURNITURE 2008-02-02 635 243 SL 0 % 127 0    
    OFFICE EQUIPMENT 2008-02-06 2,632 1,009 SL 0 % 526 0    
    OFFICE FURNITURE 2008-02-13 690 265 SL 0 % 138 0    
    OFFICE FURNITURE 2009-04-09 1,158 174 SL 0 % 232 0    
    COMPUTERS 2010-06-14 3,615   SL 0 % 422 0    

    TY 2010 GeneralExplanationAttachment
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Identifier Return Reference Explanation
        FORM 990-PF IS BEING AMENDED TO REFLECT THE ORGANIZATIONS QUALIFICATION UNDER SECTION 4940(E) FOR THE REDUCED TAX ON INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2010. THIS REDUCES THEIR TAX BASED ON INVESTMENT INCOME FROM $30,581 TO $15,291 AND REDUCES THEIR UNDERPAYMENT PENALTY FROM $592 TO $182, RESULTING IN A TOTAL REFUND OF $15,700.

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCURAY INCORPORATED 78,162 84,375
    BILL BARRETT CORPORATION 98,221 123,390
    BJ'S WHOLESALE CLUB INC 15,178 19,160
    BABCOCK & WILCOX 60,602 61,416
    CABOT MICROELECTRONICS 112,617 124,350
    CHECKPOINT SYSTEMS INC 92,927 102,750
    CORELOGIC INC 47,675 46,300
    THE COOPER COMPANIES INC 57,307 84,510
    CAL DIVE INTERNATIONAL INC 25,898 28,350
    BRINKER INTERNATIONAL INC 115,003 125,280
    HAYNES INTERNATIONAL INC 46,983 62,745
    HANES BRANDS INC 112,714 104,140
    INTERNATIONAL FLAVORS & FRAGRANCES INC 89,005 111,180
    JOHN BEAN TECHNOLOGIES CORP 100,973 114,741
    KAR AUCTION SERVICES 122,957 110,400
    LIVE NATION ENTERTAINMENT INC 125,286 109,632
    NALCO HOLDING COMPANY 59,306 79,850
    NV ENERGY INC 60,526 68,845
    PENSKE AUTOMOTIVE GROUP INC 53,492 61,841
    PETSMART INC 63,100 79,640
    PHARMERICA CORP 27,285 34,350
    CONSTELLATION BRANDS INC 101,416 135,115
    TIDEWATER INC 110,106 123,832
    UNITED STATES CELLULAR CORP 105,735 124,850
    VCA ANTECH INC 42,778 46,580
    ZEBRA TECHNOLOGIES CORPORATION 68,991 94,709

    TY 2010 InvestmentsOtherSchedule2
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIRST EAGLE GLOBAL VAUE FD LP AT COST 3,062,080 3,382,229
    LCP OFFSHORE PARTNERSHIP AT COST 832,018 1,095,321
    TRADEWINDS GLOBAL ALL-CAP TR AT COST 3,196,785 3,524,259
    DFA EMERGING MARKETS VALUE PORTFOLIO AT COST 1,495,461 1,765,524
    DFA US MICRO CAP PORTFOLIO AT COST 1,411,145 1,857,377
    RIDGEWORTH SEIX HIGH YEILD BOND FD CL I AT COST 5,820,786 6,257,757
    VANGUARD INFLATION PROTECTED SEC FD AT COST 3,946,333 4,008,171
    VANGUARD TOTAL BD MARKET IDX FD AT COST 6,678,092 6,746,244
    VANGUARD FTSE ALL WORLD EX US INDEX FD AT COST 4,399,143 4,741,102
    VANGUARD REIT INDEX FUND AT COST 1,062,616 1,441,915
    VANGUARD MATERIALS INDEX FD ADM AT COST 1,041,809 1,308,531
    VANGUARD ENERGY INDEX FD ADM AT COST 1,027,823 1,170,844
    VANGUARD TOTAL STOCK MARKET INDEX FD AT COST 3,240,223 3,877,224
    VANGUARD BALANCED INDEX MARKETS FD AD SIGNAL AT COST 108,471 122,503
    TEMPLETON FRONTIER MARKETS FD AD AT COST 503,285 517,061

    TY 2010 LandEtcSchedule2
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 6,063 3,968 2,095 0
    OFFICE FURNITURE 1,044 609 435 0
    OFFICE FURNITURE 635 370 265 0
    OFFICE EQUIPMENT 2,632 1,535 1,097 0
    OFFICE FURNITURE 690 403 287 0
    OFFICE FURNITURE 1,158 406 752 0
    COMPUTERS 3,615 422 3,193 0


    TY 2010 LegalFeesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LUCE, FORWARD, HAMILTON & SCRIPPS, LLP. 9,559 9,559   0


    TY 2010 OtherExpensesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM PARTNERSHIPS 49,494 24,747   24,747
    MEMBERSHIP 10,000 5,000   5,000
    OFFICE EXPENSES 1,876 938   938
    WORKERS COMP INSURANCE 1,523 762   761


    TY 2010 OtherIncomeSchedule2
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 16,102 16,102 16,102


    TY 2010 OtherLiabilitiesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Description Beginning of Year - Book Value End of Year - Book Value
      45 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 11,727 11,727   0
    INVESTMENT MANAGEMENT FEES 130,771 130,771   0


    TY 2010 TaxesSchedule
    Name:
    GUMPERT FOUNDATION
    EIN: 26-6065762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CALIFORNIA FILING FEES 10 5   5
    PAYROLL TAXES 18,997 9,499   9,498