TY 2012 Form 990PF

- TIN:

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
FANCY HILL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET Room/suite

City or town, state, and ZIP code
BALTIMORE, MD21231

A Employer identification number

52-2284314

B Telephone number (see instructions)

(410) 537-5404

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,029,831J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	82,897		81,474
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		228,751
b	Gross sales price for all assets on line 6a 1,820,798
7	Capital gain net income (from Part IV, line 2)...			228,751
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	311,648		310,225
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		25,583	25,583		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		10,152	1,461		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	35,735		27,044	0	0
25	Contributions, gifts, grants paid........	55,000				55,000
26	Total expenses and disbursements. Add lines 24 and 25	90,735		27,044	0	55,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	220,913
b	Net investment income (if negative, enter -0-)			283,181
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	143,866	207,121	207,121
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	2,997,379	3,220,803	3,957,102
	c	Investments—corporate bonds (attach schedule)........	914,605	848,838	865,608
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,055,850	4,276,762	5,029,831
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	4,055,850	4,276,762
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	4,055,850	4,276,762
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	4,055,850	4,276,762

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	4,055,850
2	Enter amount from Part I, line 27a.....................	2	220,913
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,276,763
5	Decreases not included in line 2 (itemize)	5	1
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,276,762

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	60. CHUBB CORP.	2009-01-08	2012-01-04
b	550. LOEWS CORP.	2011-03-30	2012-01-04
c	2. INTUITIVE SURGICAL INC	2010-11-30	2012-01-06
d	4. INTUITIVE SURGICAL INC	2010-11-30	2012-01-09
e	3. GOOGLE INC CL A	2010-03-08	2012-01-10
	1. GOOGLE INC CL A	2011-05-05	2012-01-10
	5. INTUITIVE SURGICAL INC	2010-11-30	2012-01-10
	4. GOOGLE INC CL A	2011-05-05	2012-01-11
	1. COVANCE INC	2009-10-02	2012-01-12
	18. COVANCE INC	2009-10-02	2012-01-12
	1. COVANCE INC	2009-10-02	2012-01-13
	12. COVANCE INC	2009-10-02	2012-01-13
	23. COVANCE INC	2009-10-30	2012-01-13
	3. COVANCE INC	2009-10-30	2012-01-17
	23. COVANCE INC	2009-10-30	2012-01-17
	50. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-16	2012-01-17
	110. MICROSOFT CORP.	2010-04-28	2012-01-17
	185. MICROCHIP TECHNOLOGY INC	2011-08-29	2012-01-17
	380. MERCK AND CO INC	2011-01-06	2012-01-18
	60. NOVARTIS AG ADR	2011-08-02	2012-01-18
	75. NOVARTIS AG ADR	2010-12-22	2012-01-18
	47. COACH INC	2011-08-19	2012-01-19
	260. LOWES COS INC	2010-10-21	2012-01-19
	100. MICROSOFT CORP.	2010-05-14	2012-01-19
	3. COACH INC	2008-04-02	2012-01-20
	24. COACH INC	2011-08-19	2012-01-20
	165. NOVARTIS AG ADR	2010-12-16	2012-01-20
	27. COACH INC	2008-04-02	2012-01-23
	215. MICROSOFT CORP.	2010-05-14	2012-01-24
	60. T. ROWE PRICE GROUP INC	2011-08-29	2012-01-24
	70. QUALCOMM CORP.	2010-04-22	2012-01-24
	10. 3M COMPANY	2011-08-02	2012-01-24
	50. 3M COMPANY	2011-01-05	2012-01-24
	285. E I DU PONT DE NEMOURS & CO.	2011-10-27	2012-01-25
	90. CHUBB CORP.	2009-07-23	2012-01-27
	125. ACE LTD	2009-11-19	2012-01-27
	458. ABB LTD SPON ADR	2009-12-31	2012-01-30
	458. ABB LTD SPON ADR	2010-02-16	2012-01-31
	75. T. ROWE PRICE GROUP INC	2011-11-02	2012-01-31
	35. SCHLUMBERGER LTD.	2011-06-23	2012-02-07
	95. NATIONAL-OILWELL INC	2011-08-23	2012-02-08
	80. OCCIDENTAL PETROLEUM CORP.	2011-08-18	2012-02-08
	60. BECTON DICKINSON & CO.	2011-11-03	2012-02-10
	420. BECTON DICKINSON & CO.	2011-02-08	2012-02-10
	52. EXPRESS SCRIPTS INC-CL A	2011-04-05	2012-02-13
	26. EXPRESS SCRIPTS INC-CL A	2011-04-05	2012-02-13
	40. FOSSIL INC	2011-09-21	2012-02-13
	29. FOSSIL INC	2011-09-21	2012-02-14
	159. LOEWS CORP.	2011-06-28	2012-02-15
	100. T. ROWE PRICE GROUP INC	2011-11-02	2012-02-15
	115. DEERE & CO.	2011-08-19	2012-02-16
	211. LOEWS CORP.	2011-08-02	2012-02-16
	50. DELL INC	2009-10-30	2012-02-22
	180. DELL INC	2011-03-30	2012-02-22
	100. CIMAREX ENERGY CO	2012-01-04	2012-02-29
	90. NATIONAL-OILWELL INC	2011-08-23	2012-02-29
	60. OCCIDENTAL PETROLEUM CORP.	2010-10-20	2012-02-29
	20. OCCIDENTAL PETROLEUM CORP.	2011-08-18	2012-02-29
	56. DEERE & CO.	2011-08-19	2012-03-05
	135. ILLINOIS TOOL WORKS	2011-07-27	2012-03-05
	80. ILLINOIS TOOL WORKS	2010-11-09	2012-03-05
	124. DEERE & CO.	2011-09-30	2012-03-06
	9698.276 OAKMARK INTL SMALL CAP CL I	2010-06-11	2012-03-08
	1. APPLE COMPUTER INC.	2008-10-07	2012-03-12
	4. COACH INC	2008-04-02	2012-03-12
	5. FOSSIL INC	2011-08-25	2012-03-12
	1. MASTERCARD INC	2008-09-25	2012-03-12
	3. MEAD JOHNSON NUTRITION CO	2012-01-31	2012-03-12
	2. SALESFORCE COM INC	2011-09-22	2012-03-12
	2. APPLE COMPUTER INC.	2008-10-07	2012-03-13
	15. COACH INC	2008-04-02	2012-03-13
	12. FOSSIL INC	2011-08-25	2012-03-13
	7. FOSSIL INC	2011-08-25	2012-03-13
	3. MASTERCARD INC	2008-09-25	2012-03-13
	13. MEAD JOHNSON NUTRITION CO	2012-01-31	2012-03-13
	8. SALESFORCE COM INC	2011-09-22	2012-03-13
	1. APPLE COMPUTER INC.	2008-10-07	2012-03-14
	60. CIMAREX ENERGY CO	2012-01-04	2012-03-14
	15. COACH INC	2008-04-02	2012-03-14
	18. FOSSIL INC	2011-09-22	2012-03-14
	135. ILLINOIS TOOL WORKS	2010-11-30	2012-03-14
	25. LOWES COS INC	2011-07-29	2012-03-14
	260. LOWES COS INC	2010-11-18	2012-03-14
	3. MASTERCARD INC	2008-09-25	2012-03-14
	120. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-16	2012-03-14
	13. MEAD JOHNSON NUTRITION CO	2012-01-31	2012-03-14
	65. QUALCOMM CORP.	2010-04-22	2012-03-14
	7. SALESFORCE COM INC	2011-09-22	2012-03-14
	220. AMERICAN EAGLE OUTFITTERS INC NEW COM	2012-01-05	2012-03-15
	1. APPLE COMPUTER INC.	2008-10-07	2012-03-15
	12. COACH INC	2008-04-02	2012-03-15
	2. FOSSIL INC	2011-09-22	2012-03-15
	11. FOSSIL INC	2011-09-22	2012-03-15
	2. MASTERCARD INC	2008-09-25	2012-03-15
	11. MEAD JOHNSON NUTRITION CO	2012-01-31	2012-03-15
	6. SALESFORCE COM INC	2011-09-22	2012-03-15
	4. APPLE COMPUTER INC.	2008-10-07	2012-03-16
	33. COACH INC	2008-04-02	2012-03-16
	42. FOSSIL INC	2011-11-09	2012-03-16
	7. MASTERCARD INC	2008-09-25	2012-03-16
	72. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-15	2012-03-16
	36. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-15	2012-03-16
	25. MEAD JOHNSON NUTRITION CO	2012-01-30	2012-03-16
	3. MEAD JOHNSON NUTRITION CO	2012-01-19	2012-03-16
	16. SALESFORCE COM INC	2012-01-31	2012-03-16
	40. 3M COMPANY	2010-12-08	2012-03-16
	55. 3M COMPANY	2011-08-02	2012-03-16
	197. MCCORMICK & CO. INC. (NON-VOTING)	2010-04-15	2012-03-19
	3333.333 BROWN ADV SMALL CAP XXX-XX-XXXX	2007-06-20	2012-03-29
	1. ROPER INDUSTRIES INC NEW	2009-10-26	2012-03-29
	28. ROPER INDUSTRIES INC NEW	2009-10-26	2012-03-29
	29. ROPER INDUSTRIES INC NEW	2009-10-26	2012-03-30
	100. LOWES COS INC	2010-10-15	2012-04-02
	180. LOWES COS INC	2011-07-29	2012-04-02
	5. APPLE COMPUTER INC.	2008-10-07	2012-04-11
	255. T. ROWE PRICE GROUP INC	2011-08-19	2012-04-11
	42. QUALCOMM CORP.	2009-08-31	2012-04-11
	620. AMERICAN EAGLE OUTFITTERS INC NEW COM	2010-07-16	2012-04-20
	70. AMERICAN EAGLE OUTFITTERS INC NEW COM	2012-01-05	2012-04-20
	75. HARRIS CORP.	2011-05-04	2012-04-20
	85. HARRIS CORP.	2011-04-18	2012-04-20
	90. AMERICAN EXPRESS CO.	2008-11-12	2012-04-23
	2. INTUITIVE SURGICAL INC	2010-11-30	2012-04-23
	3. INTUITIVE SURGICAL INC	2009-01-08	2012-04-24
	200. ILLINOIS TOOL WORKS	2010-11-30	2012-04-25
	870. AMERICAN EAGLE OUTFITTERS INC NEW COM	2010-07-16	2012-05-03
	20. HARRIS CORP.	2011-10-27	2012-05-03
	65. HARRIS CORP.	2010-10-07	2012-05-03
	4. INTUITIVE SURGICAL INC	2009-01-08	2012-05-03
	14. SALESFORCE COM INC	2012-01-31	2012-05-03
	5. INTUITIVE SURGICAL INC	2009-01-08	2012-05-04
	14. SALESFORCE COM INC	2012-01-31	2012-05-04
	5. AMPHENOL CORP - CL A	2011-10-28	2012-05-07
	36. AMPHENOL CORP - CL A	2011-10-28	2012-05-07
	10. MASTERCARD INC	2008-09-25	2012-05-07
	12. AMPHENOL CORP - CL A	2010-04-21	2012-05-08
	24. AMPHENOL CORP - CL A	2011-10-28	2012-05-08
	125. AMERICAN EXPRESS CO.	2008-11-14	2012-05-10
	7. AMPHENOL CORP - CL A	2010-04-21	2012-05-10
	4. AMPHENOL CORP - CL A	2010-04-21	2012-05-10
	35. AMPHENOL CORP - CL A	2010-04-21	2012-05-10
	4. DAVITA INC	2011-03-01	2012-05-10
	24. DAVITA INC	2011-03-01	2012-05-10
	73. EXPRESS SCRIPTS HLDGS C	2011-04-05	2012-05-10
	7. SALESFORCE COM INC	2012-01-30	2012-05-10
	280. TOTAL FINA ELF S.A. ADS REPSTG 1/2 OF A 'B' SH	2009-09-04	2012-05-10
	28. AMPHENOL CORP - CL A	2010-04-21	2012-05-11
	10. DAVITA INC	2011-10-21	2012-05-11
	6. DAVITA INC	2011-02-28	2012-05-11
	2. SALESFORCE COM INC	2011-11-21	2012-05-11
	90. AMERICAN EXPRESS CO.	2008-11-14	2012-05-14
	30. E I DU PONT DE NEMOURS & CO.	2011-10-27	2012-05-14
	60. E I DU PONT DE NEMOURS & CO.	2009-11-09	2012-05-14
	2463.053 BROWN ADV SMALL CAP XXX-XX-XXXX	2007-12-12	2012-05-14
	130. BMC SOFTWARE	2012-01-31	2012-05-15
	. PROCEEDS OF LITIGATION FROM BANK OF AMERICA		2012-05-16
	250. DELL INC	2010-05-20	2012-05-18
	655. TOTAL FINA ELF S.A. ADS REPSTG 1/2 OF A 'B' SH	2011-01-07	2012-05-18
	60. AMERICAN EXPRESS CO.	2008-11-24	2012-05-23
	110. BMC SOFTWARE	2012-01-20	2012-05-24
	29.99961 GARDNER DENVER INC	2012-04-20	2012-05-31
	120.00039 GARDNER DENVER INC	2012-04-20	2012-05-31
	6596.306 BROWN ADVISORY INTERMED XXX-XX-XXXX	2011-11-22	2012-05-31
	250. AMERICAN EXPRESS CO.	2008-12-19	2012-06-01
	55. BMC SOFTWARE	2012-01-17	2012-06-04
	70. GARDNER DENVER INC	2012-03-23	2012-06-04
	15. DAVITA INC	2011-10-21	2012-06-07
	19. MEAD JOHNSON NUTRITION CO	2012-01-20	2012-06-07
	14. DAVITA INC	2011-10-21	2012-06-08
	120. ILLINOIS TOOL WORKS	2010-10-25	2012-06-08
	18. MEAD JOHNSON NUTRITION CO	2012-01-20	2012-06-08
	35. 3M COMPANY	2011-08-08	2012-06-08
	40. 3M COMPANY	2010-12-08	2012-06-08
	45. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-27	2012-06-15
	265. GARDNER DENVER INC	2012-04-23	2012-06-15
	115. PEPSICO INC.	2011-01-14	2012-06-15
	143. BECTON DICKINSON & CO.	2010-07-22	2012-06-27
	157. BECTON DICKINSON & CO.	2009-05-05	2012-06-28
	37. COSTCO WHOLESALE CORPORATION	2009-05-29	2012-06-29
	9. COSTCO WHOLESALE CORPORATION	2009-05-29	2012-07-02
	24. COSTCO WHOLESALE CORPORATION	2009-05-29	2012-07-02
	5000. UBS AG JERSEY E TRACS BLOOMBERG CMCI	2011-11-21	2012-07-06
	4. STERICYCLE INC	2012-02-14	2012-07-16
	2. STERICYCLE INC	2012-02-14	2012-07-16
	15. STERICYCLE INC	2012-02-14	2012-07-17
	7. STERICYCLE INC	2012-02-14	2012-07-17
	500. LOWES COS INC	2010-10-15	2012-07-18
	34. STERICYCLE INC	2012-02-13	2012-07-18
	2. STERICYCLE INC	2012-01-30	2012-07-18
	4. APPLE COMPUTER INC.	2008-10-07	2012-07-19
	5. DAVITA INC	2011-10-21	2012-07-20
	2. DAVITA INC	2011-10-21	2012-07-20
	48. EXPRESS SCRIPTS HLDGS C	2011-03-02	2012-07-20
	10. DAVITA INC	2011-10-21	2012-07-23
	1. DAVITA INC	2011-10-06	2012-07-23
	8. DAVITA INC	2011-10-06	2012-07-24
	11. ANSYS INC	2012-05-04	2012-08-06
	7. ANSYS INC	2012-05-04	2012-08-06
	7. GOOGLE INC CL A	2012-02-13	2012-08-06
	35. ANSYS INC	2012-05-04	2012-08-07
	10. ANSYS INC	2012-05-03	2012-08-07
	70. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-27	2012-08-07
	45. PEPSICO INC.	2011-07-21	2012-08-07
	4. ANSYS INC	2012-05-03	2012-08-08
	19. ANSYS INC	2011-03-16	2012-08-08
	16. ANSYS INC	2012-05-03	2012-08-08
	20. ANSYS INC	2011-03-16	2012-08-09
	30. DANAHER CORP	2012-03-30	2012-08-14
	9. FOSSIL INC	2011-11-09	2012-08-14
	1. FOSSIL INC	2011-11-09	2012-08-14
	73. DANAHER CORP	2012-03-29	2012-08-15
	41. FOSSIL INC	2011-11-09	2012-08-15
	305. CA INC	2010-06-30	2012-08-23
	50. HARRIS CORP.	2011-10-27	2012-08-23
	10. HARRIS CORP.	2011-08-04	2012-08-23
	11. APPLE COMPUTER INC.	2012-05-18	2012-09-11
	160. MERCK AND CO INC	2011-01-13	2012-09-11
	55. NATIONAL-OILWELL INC	2012-05-10	2012-09-11
	60. FREEPORT-MCMORAN COPPER & GOLD B	2012-02-16	2012-09-14
	5. APPLE COMPUTER INC.	2008-10-07	2012-09-21
	4. GOOGLE INC CL A	2012-01-31	2012-09-21
	4. GOOGLE INC CL A	2011-05-05	2012-09-21
	6. NATIONAL INSTRS CORP	2011-05-03	2012-09-21
	14. ANSYS INC	2011-03-16	2012-09-24
	1. ANSYS INC	2011-03-16	2012-09-24
	16. NATIONAL INSTRS CORP	2011-05-03	2012-09-24
	2. NATIONAL INSTRS CORP	2011-05-03	2012-09-24
	27. ANSYS INC	2011-03-16	2012-09-25
	15. NATIONAL INSTRS CORP	2011-05-03	2012-09-25
	11. ANSYS INC	2011-03-15	2012-09-26
	14. NATIONAL INSTRS CORP	2011-05-03	2012-09-26
	13. ANSYS INC	2010-11-30	2012-09-27
	32. NATIONAL INSTRS CORP	2011-05-03	2012-09-27
	3. NATIONAL INSTRS CORP	2011-05-03	2012-09-27
	140. PEPSICO INC.	2011-07-21	2012-09-27
	30. 3M COMPANY	2011-08-08	2012-09-27
	29. NATIONAL INSTRS CORP	2011-05-03	2012-09-28
	19. NATIONAL INSTRS CORP	2011-04-29	2012-10-01
	4. NATIONAL INSTRS CORP	2011-04-29	2012-10-02
	48. CANADIAN NATURAL RESOURCES LTD	2011-06-23	2012-10-03
	7. NATIONAL INSTRS CORP	2011-04-29	2012-10-03
	43. CANADIAN NATURAL RESOURCES LTD	2011-06-23	2012-10-04
	30. HARRIS CORP.	2011-08-04	2012-10-04
	8. NATIONAL INSTRS CORP	2011-04-29	2012-10-04
	60. CANADIAN NATURAL RESOURCES LTD	2012-02-07	2012-10-05
	2. CANADIAN NATURAL RESOURCES LTD	2011-06-23	2012-10-05
	22. NATIONAL INSTRS CORP	2011-04-29	2012-10-05
	105. CA INC	2010-06-30	2012-10-08
	40. CANADIAN NATURAL RESOURCES LTD	2012-05-03	2012-10-08
	50. CHUBB CORP.	2009-07-23	2012-10-08
	5. NATIONAL INSTRS CORP	2011-04-29	2012-10-08
	10. NATIONAL INSTRS CORP	2011-04-29	2012-10-09
	11. NATIONAL INSTRS CORP	2011-04-29	2012-10-10
	50. CHUBB CORP.	2009-07-23	2012-10-11
	23. DAVITA INC	2011-10-06	2012-10-12
	25. DAVITA INC	2011-10-06	2012-10-15
	80. HARRIS CORP.	2011-08-18	2012-10-16
	110. PEPSICO INC.	2011-08-08	2012-10-16
	325. BMC SOFTWARE	2012-01-17	2012-10-22
	35. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-20	2012-10-22
	380. ILLINOIS TOOL WORKS	2011-09-15	2012-10-23
	22. COACH INC	2012-06-08	2012-10-24
	28. COSTCO WHOLESALE CORPORATION	2009-05-29	2012-10-24
	15. DAVITA INC	2007-11-29	2012-10-24
	4. FOSSIL INC	2011-08-24	2012-10-24
	4. IDEXX LABORATORIES CORP	2008-09-12	2012-10-24
	15. ESTEE LAUDER COMPANIES CL A	2012-03-15	2012-10-24
	16. ACCENTURE PLC CL A	2012-02-14	2012-10-24
	45. COACH INC	2012-06-08	2012-10-25
	28. COSTCO WHOLESALE CORPORATION	2009-05-29	2012-10-25
	13. DAVITA INC	2007-11-29	2012-10-25
	17. FOSSIL INC	2011-08-24	2012-10-25
	4. IDEXX LABORATORIES CORP	2008-09-12	2012-10-25
	13. ESTEE LAUDER COMPANIES CL A	2012-03-15	2012-10-25
	48. ACCENTURE PLC CL A	2012-02-14	2012-10-25
	18. ACCENTURE PLC CL A	2007-11-09	2012-10-25
	42. COACH INC	2012-06-07	2012-10-26
	10. DAVITA INC	2007-11-29	2012-10-26
	16. FOSSIL INC	2011-08-24	2012-10-26
	8. IDEXX LABORATORIES CORP	2008-09-12	2012-10-26
	57. ESTEE LAUDER COMPANIES CL A	2012-03-15	2012-10-26
	13. ESTEE LAUDER COMPANIES CL A	2012-03-15	2012-10-26
	15. COACH INC	2012-08-07	2012-10-31
	29. DAVITA INC	2007-11-29	2012-10-31
	4. FOSSIL INC	2011-08-24	2012-10-31
	20. FOSSIL INC	2011-08-24	2012-10-31
	2. IDEXX LABORATORIES CORP	2008-09-12	2012-10-31
	11. DAVITA INC	2007-11-29	2012-11-01
	15. FOSSIL INC	2011-08-24	2012-11-01
	13. IDEXX LABORATORIES CORP	2008-10-10	2012-11-01
	325. SOUTHWESTERN ENERGY CO	2011-04-12	2012-11-01
	2. IDEXX LABORATORIES CORP	2008-10-10	2012-11-02
	2. NATIONAL INSTRS CORP	2011-04-29	2012-11-02
	220. PEPSICO INC.	2011-08-08	2012-11-02
	4. IDEXX LABORATORIES CORP	2008-10-10	2012-11-05
	27. AMPHENOL CORP - CL A	2010-04-21	2012-11-06
	12. IDEXX LABORATORIES CORP	2008-10-10	2012-11-06
	3. IDEXX LABORATORIES CORP	2008-10-10	2012-11-06
	4. NATIONAL INSTRS CORP	2011-04-29	2012-11-06
	195. SOUTHWESTERN ENERGY CO	2010-08-27	2012-11-06
	7. STERICYCLE INC	2012-01-30	2012-11-06
	410. US BANCORP DEL COM NEW	2011-01-14	2012-11-06
	21. AMPHENOL CORP - CL A	2010-04-21	2012-11-07
	6. IDEXX LABORATORIES CORP	2008-10-10	2012-11-07
	2. STERICYCLE INC	2011-08-03	2012-11-07
	12. STERICYCLE INC	2012-01-30	2012-11-07
	19. AMPHENOL CORP - CL A	2010-04-21	2012-11-08
	55. HARRIS CORP.	2011-08-18	2012-11-08
	11. IDEXX LABORATORIES CORP	2008-10-10	2012-11-08
	28. STERICYCLE INC	2011-08-03	2012-11-08
	10. IDEXX LABORATORIES CORP	2008-10-21	2012-11-09
	110. US BANCORP DEL COM NEW	2010-06-22	2012-11-20
	81. MERCK AND CO INC	2011-01-13	2012-11-23
	2. NATIONAL INSTRS CORP	2011-04-29	2012-11-23
	103. CANADIAN NATURAL RESOURCES LTD	2012-05-03	2012-11-26
	30. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-20	2012-11-26
	184. MERCK AND CO INC	2010-11-30	2012-11-26
	7. NATIONAL INSTRS CORP	2011-04-29	2012-11-26
	1430. WISDOMTREE EMERGING MKTS EQ INCOME	2012-03-07	2012-11-26
	68. CANADIAN NATURAL RESOURCES LTD	2012-05-04	2012-11-27
	90. CANADIAN NATURAL RESOURCES LTD	2009-05-04	2012-11-27
	13. NATIONAL INSTRS CORP	2011-04-29	2012-11-27
	26. SALESFORCE COM INC	2012-08-06	2012-11-27
	18. SALESFORCE COM INC	2011-11-21	2012-11-27
	535. WISDOMTREE EMERGING MKTS EQ INCOME	2012-03-07	2012-11-27
	124. CANADIAN NATURAL RESOURCES LTD	2009-05-04	2012-11-28
	12. NATIONAL INSTRS CORP	2011-04-29	2012-11-28
	535. WISDOMTREE EMERGING MKTS EQ INCOME	2012-03-07	2012-11-28
	103. CANADIAN NATURAL RESOURCES LTD	2009-04-21	2012-11-29
	28. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-20	2012-11-29
	2. NATIONAL INSTRS CORP	2011-04-29	2012-11-29
	85. CANADIAN NATURAL RESOURCES LTD	2009-04-21	2012-11-30
	198. CANADIAN NATURAL RESOURCES LTD	2009-04-21	2012-12-03
	1235. EATON CORP.	2012-03-16	2012-12-03
	177. CANADIAN NATURAL RESOURCES LTD	2009-04-21	2012-12-04
	85. CANADIAN NATURAL RESOURCES LTD	2009-04-21	2012-12-05
	190. SOUTHWESTERN ENERGY CO	2010-08-27	2012-12-05
	150. SOUTHWESTERN ENERGY CO	2011-12-16	2012-12-06
	80. SOUTHWESTERN ENERGY CO	2010-09-28	2012-12-06
	40. CHUBB CORP.	2009-07-23	2012-12-12
	161. SOUTHWESTERN ENERGY CO	2010-09-28	2012-12-13
	284. SOUTHWESTERN ENERGY CO	2010-09-22	2012-12-14
	80. CHUBB CORP.	2009-07-23	2012-12-17
	155. HARRIS CORP.	2009-07-23	2012-12-17
	16. SALESFORCE COM INC	2011-12-22	2012-12-17
	25. SALESFORCE COM INC	2011-11-21	2012-12-17
	61. DIAGEO PLC-SPONSORED ADR NEW REPSTG 4 ORD SHS	2011-10-20	2012-12-18
	200. CHUBB CORP.	2009-05-11	2012-12-19
	80. FREEPORT-MCMORAN COPPER & GOLD B	2011-11-02	2012-12-19
	260. FREEPORT-MCMORAN COPPER & GOLD B	2012-03-14	2012-12-19
	32. ROPER INDUSTRIES INC NEW	2009-10-26	2012-12-19
	21. STERICYCLE INC	2011-08-03	2012-12-19
	11. STERICYCLE INC	2012-01-10	2012-12-19
	15. HARRIS CORP.	2009-06-25	2012-12-21
	145. MERCK AND CO INC	2006-06-13	2012-12-21
	495. GUESS INC	2011-06-02	2012-12-31
	120. JOHNSON & JOHNSON	2012-05-03	2012-12-31
	105. EATON CORP PLC	2012-11-30	2012-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,121	2,848	1,273
b	20,940	23,649	-2,709
c	931	511	420
d	1,810	1,022	788
e	1,870	1,691	179
	623	538	85
	2,251	1,278	973
	2,506	2,151	355
	46	52	-6
	812	939	-127
	45	52	-7
	529	626	-97
	1,003	1,195	-192
	133	155	-22
	1,027	1,188	-161
	2,572	1,930	642
	3,102	3,390	-288
	6,677	5,954	723
	14,733	13,738	995
	3,426	3,616	-190
	4,282	4,432	-150
	3,057	2,266	791
	7,039	5,780	1,259
	2,815	3,053	-238
	194	96	98
	1,553	1,147	406
	9,117	9,716	-599
	1,730	865	865
	6,307	6,195	112
	3,607	3,149	458
	4,078	2,785	1,293
	855	870	-15
	4,275	4,362	-87
	14,109	14,430	-321
	6,043	3,941	2,102
	8,669	6,295	2,374
	9,420	9,047	373
	9,524	8,538	986
	4,311	3,865	446
	2,761	2,899	-138
	7,786	5,871	1,915
	8,259	6,664	1,595
	4,579	4,342	237
	32,050	30,544	1,506
	2,594	2,969	-375
	1,295	1,484	-189
	4,097	3,935	162
	3,428	2,782	646
	5,993	6,688	-695
	5,999	4,857	1,142
	9,549	8,186	1,363
	8,000	8,485	-485
	853	725	128
	3,070	2,622	448
	8,072	6,387	1,685
	7,446	5,562	1,884
	6,276	4,846	1,430
	2,092	1,646	446
	4,581	3,986	595
	7,460	7,005	455
	4,421	3,880	541
	9,814	8,468	1,346
	135,000	115,155	19,845
	551	94	457
	309	128	181
	639	465	174
	419	196	223
	240	223	17
	295	234	61
	1,122	189	933
	1,166	480	686
	1,533	1,117	416
	907	652	255
	1,261	589	672
	1,041	965	76
	1,200	935	265
	584	94	490
	4,817	3,832	985
	1,180	480	700
	2,303	1,675	628
	7,689	6,506	1,183
	756	540	216
	7,862	5,704	2,158
	1,264	589	675
	6,179	4,627	1,552
	1,042	965	77
	4,222	2,586	1,636
	1,055	819	236
	3,660	2,910	750
	588	94	494
	934	384	550
	255	186	69
	1,396	1,021	375
	839	393	446
	875	813	62
	916	702	214
	2,340	378	1,962
	2,579	1,057	1,522
	5,267	3,886	1,381
	2,941	1,375	1,566
	3,729	2,772	957
	1,864	1,386	478
	1,995	1,846	149
	239	221	18
	2,422	1,870	552
	3,583	3,388	195
	4,926	4,781	145
	10,214	7,585	2,629
	50,000	46,983	3,017
	99	52	47
	2,764	1,454	1,310
	2,877	1,505	1,372
	3,120	2,146	974
	5,615	3,886	1,729
	3,132	472	2,660
	15,797	12,065	3,732
	2,789	1,944	845
	10,922	7,379	3,543
	1,233	926	307
	3,308	3,631	-323
	3,749	4,248	-499
	5,119	1,904	3,215
	1,135	361	774
	1,684	317	1,367
	11,520	9,478	2,042
	17,476	10,354	7,122
	839	766	73
	2,728	2,859	-131
	2,313	423	1,890
	2,217	1,631	586
	2,835	528	2,307
	2,149	1,620	529
	275	245	30
	1,977	1,765	212
	4,388	1,965	2,423
	650	567	83
	1,299	1,177	122
	7,436	2,638	4,798
	382	331	51
	218	189	29
	1,904	1,655	249
	340	319	21
	2,025	1,906	119
	3,934	4,158	-224
	1,008	804	204
	12,736	16,108	-3,372
	1,521	1,324	197
	829	692	137
	498	475	23
	280	219	61
	5,308	1,854	3,454
	1,530	1,450	80
	3,060	2,150	910
	35,000	33,543	1,457
	5,789	4,585	1,204
	31		31
	3,725	3,622	103
	28,771	33,389	-4,618
	3,309	1,223	2,086
	4,700	3,665	1,035
	1,621	1,930	-309
	6,486	7,719	-1,233
	75,000	75,792	-792
	13,383	4,954	8,429
	2,297	1,813	484
	3,614	5,117	-1,503
	1,274	1,037	237
	1,544	1,398	146
	1,190	967	223
	6,705	5,665	1,040
	1,452	1,323	129
	3,003	2,825	178
	3,432	3,359	73
	4,475	3,833	642
	13,360	17,334	-3,974
	7,988	7,689	299
	10,509	9,471	1,038
	11,422	9,840	1,582
	3,506	1,777	1,729
	852	432	420
	2,267	1,153	1,114
	104,848	107,796	-2,948
	372	349	23
	186	175	11
	1,395	1,310	85
	650	605	45
	12,774	10,728	2,046
	3,167	2,870	297
	186	165	21
	2,452	378	2,074
	487	342	145
	195	137	58
	2,757	2,718	39
	952	671	281
	96	64	32
	757	513	244
	744	683	61
	474	435	39
	4,529	4,222	307
	2,373	2,169	204
	680	617	63
	7,479	5,886	1,593
	3,261	2,972	289
	268	247	21
	1,264	992	272
	1,065	987	78
	1,339	1,037	302
	1,605	1,669	-64
	762	827	-65
	85	92	-7
	3,905	3,899	6
	3,547	3,746	-199
	7,850	5,711	2,139
	2,319	1,916	403
	464	375	89
	7,322	5,483	1,839
	7,107	5,572	1,535
	4,537	3,788	749
	2,594	2,619	-25
	3,508	472	3,036
	2,930	2,311	619
	2,930	2,151	779
	160	181	-21
	1,028	725	303
	74	52	22
	417	484	-67
	52	60	-8
	1,971	1,390	581
	389	453	-64
	790	540	250
	357	423	-66
	939	629	310
	816	967	-151
	77	91	-14
	9,886	9,076	810
	2,786	2,347	439
	732	875	-143
	475	572	-97
	100	121	-21
	1,467	1,903	-436
	173	211	-38
	1,333	1,704	-371
	1,530	1,126	404
	197	241	-44
	1,855	2,321	-466
	62	79	-17
	543	663	-120
	2,648	1,966	682
	1,225	1,379	-154
	3,899	2,109	1,790
	122	151	-29
	241	301	-60
	260	331	-71
	3,884	2,109	1,775
	2,535	1,476	1,059
	2,731	1,582	1,149
	3,759	2,919	840
	7,756	7,072	684
	13,256	10,714	2,542
	3,955	2,915	1,040
	23,190	17,520	5,670
	1,263	1,392	-129
	2,681	1,345	1,336
	1,665	909	756
	354	364	-10
	386	221	165
	931	957	-26
	1,068	918	150
	2,561	2,832	-271
	2,688	1,338	1,350
	1,447	787	660
	1,494	1,547	-53
	386	221	165
	797	826	-29
	3,207	2,753	454
	1,203	630	573
	2,356	2,611	-255
	1,111	606	505
	1,398	1,456	-58
	767	442	325
	3,472	3,610	-138
	793	823	-30
	837	851	-14
	3,254	1,757	1,497
	349	364	-15
	1,743	1,820	-77
	193	110	83
	1,235	666	569
	1,378	1,359	19
	1,246	577	669
	11,300	12,027	-727
	191	85	106
	49	60	-11
	15,247	14,047	1,200
	376	170	206
	1,679	1,276	403
	1,128	509	619
	282	127	155
	99	121	-22
	7,067	6,507	560
	665	579	86
	13,747	10,541	3,206
	1,288	993	295
	556	254	302
	188	163	25
	1,126	993	133
	1,145	898	247
	2,647	1,791	856
	998	467	531
	2,595	2,278	317
	898	423	475
	3,541	2,623	918
	3,573	2,808	765
	49	60	-11
	2,932	3,394	-462
	3,590	2,498	1,092
	8,102	6,321	1,781
	172	211	-39
	75,730	82,318	-6,588
	1,913	2,178	-265
	2,532	2,250	282
	318	392	-74
	4,095	3,456	639
	2,835	1,972	863
	28,171	30,797	-2,626
	3,464	2,842	622
	294	362	-68
	28,100	30,797	-2,697
	2,964	2,288	676
	3,363	2,332	1,031
	49	60	-11
	2,433	1,888	545
	5,622	4,399	1,223
	64,418	58,745	5,673
	4,916	3,932	984
	2,369	1,874	495
	6,554	6,340	214
	5,196	4,952	244
	2,771	2,581	190
	3,119	1,687	1,432
	5,322	5,187	135
	9,346	9,074	272
	6,128	3,374	2,754
	7,510	4,524	2,986
	2,696	1,597	1,099
	4,213	2,705	1,508
	7,266	5,027	2,239
	15,169	8,132	7,037
	2,723	3,164	-441
	8,850	10,571	-1,721
	3,527	1,570	1,957
	1,948	1,709	239
	1,021	878	143
	750	425	325
	6,043	4,915	1,128
	11,998	21,139	-9,141
	8,340	7,820	520
	5,588	5,454	134

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			1,273
b			-2,709
c			420
d			788
e			179
			85
			973
			355
			-6
			-127
			-7
			-97
			-192
			-22
			-161
			642
			-288
			723
			995
			-190
			-150
			791
			1,259
			-238
			98
			406
			-599
			865
			112
			458
			1,293
			-15
			-87
			-321
			2,102
			2,374
			373
			986
			446
			-138
			1,915
			1,595
			237
			1,506
			-375
			-189
			162
			646
			-695
			1,142
			1,363
			-485
			128
			448
			1,685
			1,884
			1,430
			446
			595
			455
			541
			1,346
			19,845
			457
			181
			174
			223
			17
			61
			933
			686
			416
			255
			672
			76
			265
			490
			985
			700
			628
			1,183
			216
			2,158
			675
			1,552
			77
			1,636
			236
			750
			494
			550
			69
			375
			446
			62
			214
			1,962
			1,522
			1,381
			1,566
			957
			478
			149
			18
			552
			195
			145
			2,629
			3,017
			47
			1,310
			1,372
			974
			1,729
			2,660
			3,732
			845
			3,543
			307
			-323
			-499
			3,215
			774
			1,367
			2,042
			7,122
			73
			-131
			1,890
			586
			2,307
			529
			30
			212
			2,423
			83
			122
			4,798
			51
			29
			249
			21
			119
			-224
			204
			-3,372
			197
			137
			23
			61
			3,454
			80
			910
			1,457
			1,204
			31
			103
			-4,618
			2,086
			1,035
			-309
			-1,233
			-792
			8,429
			484
			-1,503
			237
			146
			223
			1,040
			129
			178
			73
			642
			-3,974
			299
			1,038
			1,582
			1,729
			420
			1,114
			-2,948
			23
			11
			85
			45
			2,046
			297
			21
			2,074
			145
			58
			39
			281
			32
			244
			61
			39
			307
			204
			63
			1,593
			289
			21
			272
			78
			302
			-64
			-65
			-7
			6
			-199
			2,139
			403
			89
			1,839
			1,535
			749
			-25
			3,036
			619
			779
			-21
			303
			22
			-67
			-8
			581
			-64
			250
			-66
			310
			-151
			-14
			810
			439
			-143
			-97
			-21
			-436
			-38
			-371
			404
			-44
			-466
			-17
			-120
			682
			-154
			1,790
			-29
			-60
			-71
			1,775
			1,059
			1,149
			840
			684
			2,542
			1,040
			5,670
			-129
			1,336
			756
			-10
			165
			-26
			150
			-271
			1,350
			660
			-53
			165
			-29
			454
			573
			-255
			505
			-58
			325
			-138
			-30
			-14
			1,497
			-15
			-77
			83
			569
			19
			669
			-727
			106
			-11
			1,200
			206
			403
			619
			155
			-22
			560
			86
			3,206
			295
			302
			25
			133
			247
			856
			531
			317
			475
			918
			765
			-11
			-462
			1,092
			1,781
			-39
			-6,588
			-265
			282
			-74
			639
			863
			-2,626
			622
			-68
			-2,697
			676
			1,031
			-11
			545
			1,223
			5,673
			984
			495
			214
			244
			190
			1,432
			135
			272
			2,754
			2,986
			1,099
			1,508
			2,239
			7,037
			-441
			-1,721
			1,957
			239
			143
			325
			1,128
			-9,141
			520
			134

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	228,751
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 . . . . . . . . . . . . . . . .		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? Yes No

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	41,250	4,649,366	0.008872
2010	237,550	4,228,887	0.056173
2009	277,465	3,879,306	0.071524
2008	250,167	4,603,324	0.054345
2007	279,167	5,164,621	0.054054

2	Total of line 1, column (d) ......................	2	0.244968
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	0.048994
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	4,812,805
5	Multiply line 4 by line 3.......................	5	235,799
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,832
7	Add lines 5 and 6.........................	7	238,631
8	Enter qualifying distributions from Part XII, line 4..............	8	55,000
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,664
	hereand 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	5,664
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	5,664
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	4,291
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,291
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	21
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,394
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5404

Located at bullet

901 SOUTH BOND STREETBALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
BENJAMIN H GRISWOLD IV	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
JACK S GRISWOLD	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
JACK S GRISWOLD JR	TRUSTEE 0	0
295 CENTRAL PARK WEST NEW YORK,NY10024	TRUSTEE 0	0
MICHAEL D HANKIN	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
BENJAMIN HUFTY GRISWOLD	TRUSTEE 0	0
142 EAST 71ST ST 11A NEW YORK,NY10021	TRUSTEE 0	0

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
NONE









Total number of other employees paid over $50,000...................				0

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
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,673,398

Average of monthly cash balances.......................

212,698

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

4,886,096

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,886,096

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see

instructions) .............................

73,291

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

4,812,805

Minimum investment return. Enter 5% of line 5..................

240,640

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

240,640

Tax on investment income for 2012 from Part VI, line 5......

5,664

Income tax for 2012. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,664

Distributable amount before adjustments. Subtract line 2c from line 1............

234,976

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

234,976

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

234,976

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

55,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

55,000

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

55,000

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)

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					234,976
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				8,086
b Total for prior years:2010, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	0
b From 2008.......	0
c From 2009.......	0
d From 2010.......	0
e From 2011.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2012 from Part
XII, line 4: $ 55,000
a Applied to 2011, but not more than line 2a				8,086
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2012 distributable amount.....					46,914
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2012.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........					188,062
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2008....	0
b Excess from 2009....	0
c Excess from 2010....	0
d Excess from 2011....	0
e Excess from 2012....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHESPAEAKE BAY FDN 162 PRINCE GEORGE STREET ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL	25,000
NALANDABODHI 118 WEST 22ND STREET NEW YORK,NY10011	NONE	PUBLIC CHARITY	GENERAL	5,000
TEACH FOR AMERICA 2601 N HOWARD ST BALTIMORE,MD21218	NONE	PUBLIC CHARITY	GENERAL	20,000
AWAKENED LIFE P O BOX 2368 SANTA FE,NM87504	NONE	PUBLIC CHARITY	GENERAL	5,000
Total ................................. 3a				55,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	82,897
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	228,751
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)..				311,648

13Total. Add line 12, columns (b), (d), and (e)..................

13311,648

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DOUBLELINE EMG MKTS INC I	153,395	164,099
BROWN ADV TACTICAL BOND ADV	250,000	245,000
BROWN INTERM BOND FUND	445,443	456,509

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	2,026,157	2,542,469
EQUITY MUTUAL FUNDS	837,120	998,415
FOREIGN STOCK	357,526	416,218

Category	Amount	Net Investment Income
FOREIGN TAXES	765	765
FEDERAL EXCISE TAX	4,400	0
QUARTERLY TAX DEPOSIT	4,291	0
FOREIGN TAXES ON QUALIFIED FOR	330	330
FOREIGN TAXES ON NONQUALIFIED	366	366