TY 2011 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

2011

For calendar year 2011, or tax year beginning 07-01-2011 , and ending 06-30-2012

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
EDWARD AND JUNE KELLOGG FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1250 BYRON ROAD Room/suite

City or town, state, and ZIP code
HOWELL, MI48843

A Employer identification number

30-0057241

B Telephone number (see page 10 of the instructions)

(517) 546-3330

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

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

$4,895,862J 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 page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment 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	36,547		36,547
4	Dividends and interest from securities......	148,680		148,680
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-36,015
b	Gross sales price for all assets on line 6a 1,629,398
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		-37,753
12	Total. Add lines 1 through 11........	111,459		185,227
13	Compensation of officers, directors, trustees, etc.	48,390		4,706	38,188
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,210		2,000
c	Other professional fees (attach schedule)....		43,877	43,897
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		11,895	7,549
19	Depreciation (attach schedule) and depletion...		245
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,000			1,000
22	Printing and publications..........
23	Other expenses (attach schedule).......		17,361	119	14,717
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	126,978		56,271	55,905
25	Contributions, gifts, grants paid........	219,720			219,720
26	Total expenses and disbursements. Add lines 24 and 25	346,698		56,271	275,625
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-235,239
b	Net investment income (if negative, enter -0-)			128,956
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	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...............		14,000	14,000
	2	Savings and temporary cash investments..........	189,379	84,733	84,733
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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)........	3,972,728	3,347,317	3,347,317
	c	Investments—corporate bonds (attach schedule)........	429,826	436,774	436,774
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		394,262	394,262
	14	Land, buildings, and equipment: basis 627,669
		Less: accumulated depreciation (attach schedule) 880	626,620	626,789	618,776
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,218,553	4,903,875	4,895,862
	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.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	5,218,553	4,903,875
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	5,218,553	4,903,875
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	5,218,553	4,903,875

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	5,218,553
2	Enter amount from Part I, line 27a.....................	2	-235,239
3	Other increases not included in line 2 (itemize)	3	61,244
4	Add lines 1, 2, and 3..........................	4	5,044,558
5	Decreases not included in line 2 (itemize)	5	140,683
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,903,875

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	170 SHS FINMECCANICA SPA ADR	P	2010-08-03	2011-07-07
b	24 SHS APACHE CORP	P	2006-11-02	2011-07-07
c	108 SHS KINROSS GOLD CORP NEW	P	2010-02-03	2011-07-07
d	85 SHS NIPPON TELE & TEL ADR	P	2007-05-15	2011-07-07
e	200 SHS SEKISUI HOMES SPONS	P	2007-09-05	2011-07-07
	7 SHS PITNEY BOWES INC	P	2007-12-17	2011-07-15
	5 SHS LOCKHEED MARTIN CORP	P	2009-08-31	2011-08-12
	10 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-31	2011-08-24
	13 SHS GOLD FIELDS LTD NEW	P	2007-05-16	2011-10-05
	1540 SHS LOGITECH INTL S A NEW	P	2010-12-22	2011-11-11
	110 SHS KINDER MORGAN ENERGY LP	P	2010-12-22	2011-11-28
	1010 SHS ZIONS BANCORP DEP SHS	P	2010-12-22	2011-11-30
	9 SHS AMGEN INCORPORATED	P	2011-03-16	2011-12-21
	256 SHS SOCIETE GENRALE SPN	P	2009-02-05	2012-02-08
	153 SHS HOME RETAIL GROUP	P	2011-03-10	2012-02-23
	350 SHS CA INC	P	2006-11-02	2012-02-23
	16 SHS INGERSOLL RAND	P	2006-11-28	2012-02-23
	67 SHS NEWCREST MINING ADR	P	2008-08-12	2012-02-23
	26 SHS PITNEY BOWES INC	P	2009-08-17	2012-02-23
	31 SHS VIACOM INC CL B NEW	P	2006-11-02	2012-02-23
	2240 SHS DOVER MOTORSPORTS INC	P	2011-12-02	2012-02-24
	280 SHS TECUMSEH PRODUCTS	P	2011-09-29	2012-02-24
	38 SHS QAD INC CL B	P	2006-12-18	2012-02-24
	56900 SHS SAIZEN TEIT	P	2011-07-19	2012-02-27
	120 SHS SEKISUI HOMES	P	2007-09-11	2012-04-17
	20 SHS MOTOROLA SOLUTIONS INC	P	2009-11-30	2012-04-26
	270 SHS APTARGROUP INC	P	2010-12-22	2012-05-18
	220 SHS AIR PROD & CHEMICALS INC	P	2010-12-22	2012-05-31
	5 SHS GOLDMAN ASCHS GROUP INC	P	2010-07-20	2011-07-07
	8 SHS APACHE CORP	P	2006-12-27	2011-07-07
	14 SHS LOCKHEED MARTIN CORP	P	2006-11-02	2011-07-07
	15 SHS NIPPON TELE & TEL ADR	P	2007-06-12	2011-07-07
	22 SHS SEVEN & 1 HLDG CO ADR	P	2009-04-13	2011-07-07
	8 SHS PITNEY BOWES INC	P	2009-08-17	2011-07-15
	57 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-04	2011-08-15
	1320 SHS D P L INC	P	2010-12-22	2011-08-24
	63 SHS GOLD FIELDS LTD NEW	P	2007-11-07	2011-10-05
	530 SHS MECHEL OAO ADR	P	2010-12-22	2011-11-11
	170 SHS ONEOK PARTNERS LP	P	2010-12-22	2011-11-28
	8 SHS AMGEN INCORPORATED	P	2011-03-16	2011-12-14
	37 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2011-12-23
	184 SHS SOCIETE GENRALE SPN	P	2010-05-17	2012-02-08
	5 SHS MOSAIC CO NEW	P	2012-02-13	2012-02-23
	19 SHS CA INC	P	2007-11-16	2012-02-23
	47 SHS JP MORGAN CHASE & CO	P	2006-11-02	2012-02-23
	35 SHS NEWMONT MINING CORP	P	2007-04-09	2012-02-23
	27 SHS RAYTHEON COMPANY NEW	P	2006-11-02	2012-02-23
	63 SHS VODAFONE GROUP NEW	P	2006-11-02	2012-02-23
	430 SHS DSP GROUP INC	P	2011-05-03	2012-02-24
	580 SHS TECUMSEH PRODUCTS	P	2011-11-02	2012-02-24
	22 SHS QAD INC CL B	P	2008-11-12	2012-02-24
	74 SHS TNT EXPRESS	P	2011-09-01	2012-02-27
	21 SHS SEKISUI HOMES	P	2009-08-14	2012-04-17
	25 SHS PERUSAHAAN PERSEROAN	P	2011-02-17	2012-04-26
	490 SHS B&G FOODS INC	P	2011-04-29	2012-05-18
	66 SHS CEDAR REALTY	P	2010-12-22	2012-06-01
	5 SHS GOLDMAN ASCHS GROUP INC	P	2010-08-24	2011-07-07
	58 SHS ASTRAZENECA PLC ADR	P	2010-05-05	2011-07-07
	35 SHS LOEWS CORPORATION	P	2008-10-03	2011-07-07
	26 SHS NOBLE ENERGY INC	P	2006-11-02	2011-07-07
	137 SHS SHISEIDO LTD SPON ADR	P	2006-11-06	2011-07-07
	22 SHS PITNEY BOWES INC	P	2009-08-17	2011-07-19
	5 SHS LOCKHEED MARTIN CORP	P	2009-05-31	2011-08-15
	250 SHS RESEARCH IN MOTION LTD	P	2011-07-13	2011-08-25
	65 SHS ROYAL DUTCH SHELL B	P	2006-11-02	2011-10-06
	300 SHS MECHEL OAO ADR	P	2011-03-09	2011-11-11
	160 SHS PLAINS ALL AMERN	P	2010-12-22	2011-11-28
	5 SHS AMGEN INCORPORATED	P	2007-11-15	2011-12-14
	10 SHS VIACOM INC CL	P	2006-11-02	2012-01-03
	31 SHS SOCIETE GENRALE SPN	P	2010-05-17	2012-02-09
	6 SHS MOSAIC CO NEW	P	2012-02-14	2012-02-23
	418 SHS CARREFOUR SA ADR NEW	P	2009-10-05	2012-02-23
	199 SHS KINROSS GOLD CORP NEW	P	2010-02-03	2012-02-23
	24 SHS NINTENDO LTD ADR	P	2009-08-28	2012-02-23
	12 SHS RAYTHEON COMPANY NEW	P	2009-03-18	2012-02-23
	21 SHS WACOAL HLDGS CORP	P	2006-11-06	2012-02-23
	330 SHS DSP GROUP INC	P	2011-08-19	2012-02-24
	580 SHS TETRA TECHNOLOGIES DEL	P	2011-09-22	2012-02-24
	58 SHS QAD INC CL B	P	2009-01-08	2012-02-24
	96 SHS TNT EXPRESS	P	2011-09-30	2012-02-27
	28 SHS GENWORTH FINANCIAL INC	P	2008-01-09	2012-04-18
	45 SHS PERUSAHAAN PERSEROAN	P	2011-02-25	2012-04-26
	250 SHS CHURCH & DWIGHT CO INC	P	2010-12-22	2012-05-18
	880 SHS PRIMARUS RETAIL REIT	P	2010-12-22	2012-06-08
	42 SHS LINCOLN NATIONAL COPR	P	2011-02-02	2011-07-07
	20 SHS BARRICK GOLD CORP	P	2008-09-16	2011-07-07
	5 SHS MERCK & CO INC NEW	P	2008-12-09	2011-07-07
	207 SHS NOKIA CORP SPON ADR	P	2009-07-20	2011-07-07
	19 SHS SUNCOR ENERGY INC NEW	P	2010-05-21	2011-07-07
	1 SHS LOCKHEED MARTIN CORP	P	2006-11-02	2011-07-22
	5 SHS LOCKHEED MARTIN CORP	P	2009-09-01	2011-08-15
	11 SHS LOCKHEED MARTIN CORP	P	2009-09-01	2011-08-25
	23 SHS ROYAL DUTCH SHELL B	P	2006-11-02	2011-10-10
	260 SHS PETROCHINA CO ADR	P	2010-12-22	2011-11-11
	50 SHS PRAXAIR INC	P	2010-12-22	2011-11-28
	11 SHS AMGEN INCORPORATED	P	2007-11-27	2011-12-14
	15 SHS HESS CORPORATION	P	2007-08-28	2012-01-05
	90 SHS P S BUS PK	P	2011-04-29	2012-02-13
	15 SHS PACCAR INC	P	2011-09-12	2012-02-23
	135 SHS DAI NIPPON PRTG NEW	P	2006-12-04	2012-02-23
	62 SHS KOREA ELEC POWER	P	2009-08-14	2012-02-23
	27 SHS NIPPON TELE & TEL	P	2007-06-12	2012-02-23
	43 SHS S K TELECOM LTD	P	2008-06-09	2012-02-23
	19 SHS WELLS FARGO & CO NEW	P	2006-11-02	2012-02-23
	2120 SHS GILAT SATLLTE NETWK NEWF	P	2011-07-05	2012-02-24
	300 SHS TRANSACT TECH INC	P	2011-04-11	2012-02-24
	40 SHS QAD INC CL B	P	2009-01-21	2012-02-24
	15 SHS TNT EXPRESS	P	2011-09-30	2012-02-28
	29 SHS GENWORTH FINANCIAL INC	P	2010-10-29	2012-04-18
	16 SHS GENWORTH FINANCIAL INC	P	2010-12-02	2012-04-27
	1540 SHS FERRELLGAS PARTNERS LP	P	2010-12-22	2012-05-18
	84 SHS PFIZER INCORPORATED	P	2010-04-14	2012-06-19
	80 SHS OAO GAZPROM SPON ADR	P	2010-10-15	2011-07-07
	54 SHS C V S CAREMARK CORP	P	2009-07-10	2011-07-07
	17 SHS MERCK & CO INC NEW	P	2009-02-27	2011-07-07
	20 SHS OCCIDENTAL PETE CORP	P	2010-03-26	2011-07-07
	40 SHS SWISSCOM AG ADR	P	2006-11-06	2011-07-07
	13 SHS LOCKHEED MARTIN CORP	P	2009-03-18	2011-07-22
	18 SHS MOTOROLA MOBILITY HLDGS	P	2010-02-01	2011-08-15
	970 SHS CP OFFICE PPTYS 7.5%	P	2010-12-22	2011-08-25
	15 SHS ROYAL DUTCH SHELL B	P	2010-02-02	2011-10-10
	860 SHS TULLOW OIL PLC NEW ORD F	P	2010-12-23	2011-11-11
	80 SHS SHERWIN WILLIAMS CO	P	2010-12-22	2011-11-28
	3 SHS AMGEN INCORPORATED	P	2007-11-28	2011-12-14
	58 SHS HESS CORPORATION	P	2007-08-28	2012-01-06
	1010 SHS P S BUS PK	P	2010-12-22	2012-02-13
	15 SHS PACCAR INC	P	2011-09-13	2012-02-23
	55 SHS ELECTROBRAS ADR	P	2010-03-29	2012-02-23
	60 SHS LINCOLN NATIONAL CORP	P	2011-02-02	2012-02-23
	3 SHS NOBLE ENERGY INC	P	2006-11-02	2012-02-23
	53 SHS SANOFI ADR	P	2008-04-08	2012-02-23
	54 SHS WELLS FARGO & CO NEW	P	2009-03-18	2012-02-23
	710 SHS GILAT SATLLTE NETWK NEWF	P	2011-10-13	2012-02-24
	250 SHS TRANSACT TECH INC	P	2011-04-18	2012-02-24
	108 SHS QAD INC CL B	P	2009-02-11	2012-02-24
	8 SHS MOTOROLA SOLUTIONS INC	P	2009-11-30	2012-03-09
	146 SHS GENWORTH FINANCIAL INC	P	2010-10-29	2012-04-19
	17 SHS MOTOROLA SOLUTIONS INC	P	2009-11-30	2012-04-27
	310 SHS GLAXOSMITHKLINE PLC	P	2010-12-22	2012-05-18
	53 SHS PFIZER INCORPORATED	P	2010-04-26	2012-06-19
	43 SHS PERUSAHAAN PERSEROAN	P	2011-02-17	2011-07-07
	177 SHS CA INC	P	2006-11-02	2011-07-07
	25 SHS METLIFE INC	P	2008-10-09	2011-07-07
	1 SHS OCCIDENTAL PETE CORP	P	2010-03-29	2011-07-07
	31 SHS UNION PACIFIC CORP	P	2006-11-02	2011-07-07
	65 SHS SUNCOR ENERGY INC NEW	P	2010-05-21	2011-07-22
	15 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-04	2011-08-16
	200 SHS CP OFFICE PPTYS 7.5%	P	2011-04-29	2011-08-25
	311 SHS FINMECCANICA SPA ADR	P	2010-08-03	2011-10-12
	11000 SHS O CHARLEYS INC	P	2010-01-28	2011-11-16
	31 SHS PHILIP MORRIS INTL INC	P	2006-11-02	2011-11-30
	24 SHS AMGEN INCORPORATED	P	2009-04-14	2011-12-14
	12000 SHS SUPERVALU	P	2010-12-15	2012-01-18
	125 SHS KOREA ELEC POWER CP	P	2006-11-02	2012-02-14
	6 SHS PACCAR INC	P	2011-09-12	2012-02-23
	41 SHS FUJIFILM HLDGS CORP	P	2006-11-02	2012-02-23
	28 SHS LOEWS CORPORATION	P	2008-10-03	2012-02-23
	8 SHS NOBLE ENERGY INC	P	2008-09-15	2012-02-23
	103 SHS SEKISUI HOMES SPONS	P	2007-09-05	2012-02-23
	360 SHS AMER SAFTY INS HLDG	P	2011-04-08	2012-02-24
	11000 SHS GMX RESOURCES	P	2011-09-06	2012-02-24
	890 SHS AMERICAN SELECT PROT	P	2011-02-17	2012-02-24
	820 SHS SIERRA WIRELESS INC	P	2011-02-10	2012-02-24
	970 SHS GMX RES INC	P	2010-12-22	2012-03-15
	14 SHS GENWORTH FINANCIAL INC	P	2010-11-23	2012-04-19
	10 SHS RENTAL SERVICE	P	2011-11-28	2012-04-30
	280 SHS GRACO INCORPORATED	P	2010-12-22	2012-05-18
	66 SHS CEDAR REALTY	P	2010-12-22	2012-06-28
	35 SHS TIME WARNER INC NEW	P	2010-10-15	2011-07-07
	51 SHS CITIGROUP INC NEW	P	2009-12-17	2011-07-07
	9.75 SHS MOTOROLA MOBILITY HLDGS	P	2009-02-10	2011-07-07
	23 SHS PANASONIC CORP ADR	P	2007-08-16	2011-07-07
	81 SHS UNUM GROUP	P	2010-05-26	2011-07-07
	27 SHS SUNCOR ENERGY INC NEW	P	2010-05-21	2011-07-25
	12000 SHS SONIC AUTOMITIVE 8.625XXX	P	2010-12-22	2011-08-16
	66 SHS KINROSS GOLD CORP NEW	P	2010-02-03	2011-08-30
	5 SHS AMGEN INCORPORATED	P	2007-11-15	2011-10-14
	4000 SHS O CHARLEYS INC	P	2010-10-26	2011-11-16
	341 SHS ALEXNDRIA REAL 8.375%	P	2011-01-04	2011-11-30
	10 SHS AMGEN INCORPORATED	P	2009-09-23	2011-12-14
	4000 SHS GEOKINETICS HLDG	P	2010-12-17	2012-01-24
	126 SHS KOREA ELEC POWER CP	P	2009-08-14	2012-02-14
	280 SHS POLYUS GOLD INTL	P	2011-10-18	2012-02-23
	78 SHS GENERAL MOTORS CO	P	2010-11-19	2012-02-23
	58 SHS MERCK & CO INC NEW	P	2009-02-27	2012-02-23
	145 SHS NOKIA CORP SPON ADR	P	2009-07-20	2012-02-23
	126 SHS SEKISUI HOMES SPONS	P	2007-09-11	2012-02-23
	440 SHS CHECKPOINT SYSTEMS INC	P	2011-10-19	2012-02-24
	630 SHS K V H INDUSTRIES INC	P	2011-12-30	2012-02-24
	48099 SHS ARCTIC GLACIER INCOME F	P	2009-10-21	2012-02-24
	320 SHS SIERRA WIRELESS INC	P	2011-02-17	2012-02-24
	10 SHS LINCOLN NATIONAL CORP	P	2011-02-02	2012-03-16
	10 SHS GENWORTH FINANCIAL INC	P	2010-11-23	2012-04-20
	18000 SHS RENTAL SERVICE	P	2010-12-22	2012-04-30
	150 SHS GRAINGER WW INC	P	2010-12-22	2012-05-18
	4 SHS TIME WARNER INC NEW	P	2010-10-18	2011-07-07
	8 SHS CONOCOPHILLIPS	P	2009-11-06	2011-07-07
	22.5 SHS MOTOROLA MOBILITY HLDGS	P	2009-11-30	2011-07-07
	100 SHS PANASONIC CORP ADR	P	2007-08-16	2011-07-07
	63 SHS VIACOM INC CL B NEW	P	2006-11-02	2011-07-07
	10000 SHS CLAYTON WILLIAM 7.75%13	P	2009-02-19	2011-08-01
	23 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-04	2011-08-17
	200 SHS SKECHERS U S A INC	P	2010-11-04	2011-09-13
	15 SHS AMGEN INCORPORATED	P	2007-11-15	2011-10-18
	80 SHS HEWLETT-PACKARD COMPANY	P	2011-05-31	2011-11-18
	539 SHS ALEXNDRIA REAL 8.375%	P	2011-01-10	2011-11-30
	11 SHS AMGEN INCORPORATED	P	2009-09-24	2011-12-14
	78 SHS HOME RETAIL GROUP ADR	P	2011-03-10	2012-01-27
	140 SHS SKECHERS USA INC	P	2010-11-04	2012-02-15
	210 SHS TNT EXPRESS	P	2011-09-07	2012-02-23
	114 SHS GENWORTH FINANCIAL INC	P	2006-11-02	2012-02-23
	68 SHS METLIFE INC	P	2008-10-09	2012-02-23
	23 SHS NRG ENERGY INC NEW	P	2008-03-10	2012-02-23
	10 SHS SEVEN & 1 HLDG CO	P	2009-04-13	2012-02-23
	230 SHS CHECKPOINT SYSTEMS INC	P	2012-01-13	2012-02-24
	8000 SHS MERCER INTL INC	P	2011-11-29	2012-02-24
	1020 SHS DSP GROUP INC	P	2010-11-03	2012-02-24
	20 SHS SKECHERS USA INC	P	2010-11-04	2012-02-24
	25 SHS LINCOLN NATIONAL CORP	P	2011-02-02	2012-03-19
	11 SHS GENWORTH FINANCIAL INC	P	2010-11-23	2012-04-23
	740 SHS TRANSOCEAN INC NEW	P	2011-12-20	2012-04-30
	130 SHS KINDER MORGAN ENERGY LP	P	2010-12-22	2012-05-18
	34 SHS TOYOTA MOTOR CP	P	2010-09-09	2011-07-07
	14 SHS CONOCOPHILLIPS	P	2009-11-16	2011-07-07
	10.75 SHS MOTOROLA MOBILITY HLDGS	P	2010-02-01	2011-07-07
	211 SHS PFIZER INCORPORATED	P	2010-03-30	2011-07-07
	95 SHS VODAFONE GROUP NEW ADR	P	2006-11-02	2011-07-07
	4000 SHS CLAYTON WILLIAM 7.75%13	P	2009-06-18	2011-08-01
	15 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-07	2011-08-17
	8 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-31	2011-09-14
	5 SHS MOTOROLA SOLUCTIONS INC	P	2009-02-10	2011-10-26
	90 SHS HEWLETT-PACKARD COMPANY	P	2011-08-01	2011-11-18
	170 SHS CBL & ASSOC PPTYS	P	2010-12-22	2011-11-30
	41 SHS AMGEN INCORPORATED	P	2010-05-11	2011-12-14
	5000 SHS GEOKINETICS HLDG	P	2010-12-17	2012-01-30
	7 SHS TOYOTA MOTOR CP	P	2010-09-09	2012-02-16
	63 SHS UBS AG NEW	P	2012-02-08	2012-02-23
	148 SHS GENWORTH FINANCIAL INC	P	2008-01-09	2012-02-23
	66 SHS MICROSOFT CORP	P	2006-11-02	2012-02-23
	274 SHS OAO GAZPROM SPON ADR	P	2010-10-15	2012-02-23
	21 SHS SWISSCOM AG ADR	P	2006-11-06	2012-02-23
	830 SHS COMPUWARE	P	2011-09-09	2012-02-24
	1010 SHS SEACHANGE INTL INC	P	2011-03-02	2012-02-24
	21000 SHS GAYLORD INTMT	P	2010-01-21	2012-02-24
	160 SHS SKECHERS USA INC	P	2011-01-05	2012-02-24
	8 SHS LINCOLN NATIONAL CORP	P	2011-02-02	2012-03-20
	19 SHS GENWORTH FINANCIAL INC	P	2010-11-30	2012-04-23
	200 SHS TRANSOCEAN INC NEW	P	2012-02-22	2012-04-30
	250 SHS MCDONALD CORP	P	2010-12-22	2012-05-18
	64 SHS A O N CORPORATION	P	2006-11-02	2011-07-07
	67 SHS DAI NIPPON PRTG NEW	P	2006-12-04	2011-07-07
	3.5714 SHS MOTOROLA SOLUTIONS INC	P	2008-01-02	2011-07-07
	31 SHS PHILIP MORRIS INTL INC	P	2006-11-02	2011-07-07
	16 SHS WACOAL HLDGS CORP ADR	P	2006-11-06	2011-07-07
	1240 SHS GETTY REALTY CORP NEW	P	2010-12-22	2011-08-04
	7 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-03	2011-08-17
	27 SHS MOTOROLA MOBILITY HLDGS	P	2011-04-01	2011-09-14
	290 SHS MERCK & CO INC NEW	P	2011-02-24	2011-10-27
	90 SHS HEWLETT-PACKARD COMPANY	P	2011-09-06	2011-11-18
	570 SHS CLOROX COMPANY	P	2010-12-22	2011-11-30
	24 SHS AMGEN INCORPORATED	P	2010-05-24	2011-12-14
	15 SHS VIACOM INC	P	2006-11-02	2012-02-01
	471 SHS TNT EXPRESS NV	P	2011-09-07	2012-02-17
	28 SHS A O N CORPORATION	P	2006-11-02	2012-02-23
	51 SHS GOLD FIELDS LTD NEW	P	2007-11-07	2012-02-23
	1 SHS MICROSOFT CORP	P	2009-03-18	2012-02-23
	9 SHS OCCIDENTAL PETE CORP	P	2010-03-29	2012-02-23
	28 SHS TELECOM ITALIA NEW	P	2006-11-06	2012-02-23
	430 SHS COMPUWARE	P	2011-09-23	2012-02-24
	280 SHS SEACHANGE INTL INC	P	2012-01-31	2012-02-24
	9000 SHS JB POINDEXTER	P	2010-10-14	2012-02-24
	10000 SHS STONE ENERGY	P	2010-01-12	2012-02-24
	25 SHS HARTFORD FINL SVCS GRP	P	2006-11-02	2012-03-21
	10 SHS GENWORTH FINANCIAL INC	P	2009-03-18	2012-04-23
	30 SHS PITNEY BOWES INC	P	2009-08-17	2012-05-04
	310 SHS ONEOK PARTNERS LP	P	2010-12-22	2012-05-18
	87 SHS ALUMINA LIMITED ADR	P	2010-05-16	2011-07-07
	114 SHS GOLD FIELDS LTD NEW	P	2007-05-16	2011-07-07
	40.4285 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2011-07-07
	46 SHS ROYAL DUTCH SHELL B	P	2006-11-02	2011-07-07
	69 SHS WELLS FARGO & CO NEW	P	2006-11-02	2011-07-07
	CASH IN LIEU - ARCTIC GLACIER INCOME	P	2011-08-08	2011-08-08
	35 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-31	2011-08-22
	26 SHS MOTOROLA MOBILITY HLDGS	P	2011-04-01	2011-09-16
	120 SHS MERCK & CO INC NEW	P	2011-03-17	2011-10-27
	100 SHS AMERIGAS PARTNERS LP	P	2011-12-22	2011-11-28
	470 SHS ECOLAB INC	P	2010-12-22	2011-11-30
	15000 SHS TRANSOCEAN INC	P	2010-06-18	2011-12-16
	7 SHS UNION PACIFIC CORP	P	2006-11-02	2012-02-02
	100 SHS FRANCE TELECOM SA	P	2011-03-09	2012-02-22
	21 SHS ANGLOGOLD ASHANTI	P	2008-07-10	2012-02-23
	5 SHS GOLDMAN SACHS GROUP INC	P	2010-07-20	2012-02-23
	4.4285 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2012-02-23
	2 SHS OCCIDENTAL PETE CORP	P	2010-03-30	2012-02-23
	100 SHS TELECOM ITALIA NEW	P	2006-11-06	2012-02-23
	280 SHS COMSTOCK RES INC NEW	P	2012-02-15	2012-02-24
	290 SHS SIERRA WIRELESS INC	P	2011-11-22	2012-02-24
	152 SHS QAD INC CL A	P	2006-12-18	2012-02-24
	5000 SHS STONE ENERGY COR	P	2009-05-06	2012-02-24
	4.1428 SHS MOTOROLA SOLUTIONS INC	P	2009-11-30	2012-03-23
	17 SHS GENWORTH FINANCIAL INC	P	2009-03-18	2012-04-24
	11 SHS SEVEN & 1 HLDG CO	P	2009-04-13	2012-05-10
	170 SHS PRAXAIR INC	P	2010-12-22	2012-05-18
	23 SHS AMGEN INCORPORATED	P	2007-07-31	2011-07-07
	27 SHS HALLIBURTON CO HLDG CO	P	2008-11-12	2011-07-07
	84 SHS NEWCREST MINING ADR	P	2006-11-06	2011-07-07
	95 SHS S K TELECOM LTD ADR	P	2008-04-24	2011-07-07
	235 SHS CARDINAL HEALTH	P	2010-03-22	2011-07-11
	370 SHS CISCO SYSTEMS INC	P	2010-11-17	2011-08-11
	7 SHS BARRICK GOLD CORP	P	2008-09-16	2011-08-22
	21 SHS SEVEN & 1 SHS HLDG CO ADR	P	2009-04-13	2011-09-30
	32 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2011-10-27
	130 SHS BARD C R INCORPORATED	P	2010-12-22	2011-11-28
	110 SHS ENTERPRISE PRD	P	2010-12-22	2011-11-30
	12 SHS ANGLOGOLD ASHANTI ADR	P	2008-03-17	2011-12-16
	10 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2012-02-03
	1590 SHS FRANCE TELECOM SA	P	2010-12-22	2012-02-22
	12 SHS APACHE CORP	P	2006-12-27	2012-02-23
	2 SHS GOLDMAN SACHS GROUP INC	P	2010-08-24	2012-02-23
	13.5714 SHS MOTOROLA SOLUTIONS INC	P	2009-11-30	2012-02-23
	29 SHS PERUSAHAAN PERSEROAN	P	2011-02-17	2012-02-23
	16 SHS TIME WARNER INC NEW	P	2010-10-18	2012-02-23
	16000 SHS COMSTOCK RES INC	P	2011-03-01	2012-02-24
	140 SKECHERS USA INC	P	2011-06-01	2012-02-24
	88 SHS QAD INC CL A	P	2008-11-12	2012-02-24
	12000 SHS STONEMORE OPER	P	2011-02-07	2012-02-24
	7.8571 SHS MOTOROLA SOLUTIONS INC	P	2010-02-01	2012-03-23
	6 SHS GENWORTH FINANCIAL INC	P	2010-11-30	2012-04-25
	2 SHS SEVEN & 1 HLDG CO	P	2009-06-05	2012-05-10
	80 SHS SHERWIN WILLIAMS CO	P	2010-12-22	2012-05-18
	9 SHS AMGEN INCORPORATED	P	2007-08-01	2011-07-07
	37 SHS HESS CORPORATION	P	2007-04-19	2011-07-07
	33 SHS NEWMONT MINING CORP	P	2007-04-09	2011-07-07
	3 SHS S K TELECOM LTD ADR	P	2008-06-09	2011-07-07
	5 SHS LOCKHEED MARTIN CORP	P	2006-11-02	2011-07-13
	200 SHS CISCO SYSTEMS INC	P	2010-12-09	2011-08-11
	42 SHS BARRICK GOLD CORP	P	2009-07-28	2011-08-22
	115 SHS ROWE T PRICE GROUP INC	P	2006-11-02	2011-10-03
	130 SHS HEWLETT-PACKARD COMPANY	P	2011-05-31	2011-10-28
	200 SHS BUCKEYE PARTNERS UTS L	P	2010-12-22	2011-11-28
	100 SHS NATIONAL GRID PLC	P	2010-12-22	2011-11-30
	14 SHS ANGLOGOLD ASHANTI ADR	P	2008-07-10	2011-12-16
	10 SHS VIACOM INC CL B NEW	P	2006-11-02	2012-02-03
	310 SHS TOWER GROUP INC	P	2011-03-23	2012-02-23
	17 SHS ASTRAZENECA PLC	P	2010-05-05	2012-02-23
	7 SHS GOLDMAN SACHS GROUP INC	P	2010-08-24	2012-02-23
	99 SHS MS&AD INS GRP	P	2007-11-06	2012-02-23
	39 SHS PFIZER INCORPORATED	P	2010-03-30	2012-02-23
	15 SHS TOYOTA MOTOR CP	P	2010-09-09	2012-02-23
	450 SHS DIGITAL GENERATION INC	P	2011-11-17	2012-02-24
	1130 SHS TECUMSEH PRODUCTS	P	2011-04-13	2012-02-24
	232 SHS QAD INC CL A	P	2009-01-08	2012-02-24
	1640 SHS TELLABS INC	P	2010-11-17	2012-02-24
	970 SHS BRANDYWINE RLTY	P	2010-12-22	2012-04-04
	24 SHS GENWORTH FINANCIAL INC	P	2010-12-01	2012-04-25
	90 SHS B&G FOODS INC	P	2011-06-09	2012-05-18
	60 SHS AIR PROD & CHEMICALS INC	P	2008-11-06	2012-05-22
	9 SHS AMGEN INCORPORATED	P	2007-11-15	2011-07-07
	3 SHS HESS CORPORATION	P	2007-08-28	2011-07-07
	6 SHS NIPPON TELE & TEL ADR	P	2006-11-02	2011-07-07
	54 SHS SANOFI ADR	P	2008-01-18	2011-07-07
	33 SHS CONOCOPHILLIPS	P	2009-11-16	2011-07-14
	200 SHS CISCO SYSTEMS INC	P	2011-02-10	2011-08-11
	5 SHS MOTOROLA MOBILITY HLDGS	P	2011-03-31	2011-08-23
	57 SHS SHISEIDO LTD SPON ADR	P	2006-11-06	2011-10-03
	60 SHS VF CORPORATION	P	2007-12-14	2011-10-31
	330 SHS GLAXOSMITHKLINE PLC	P	2010-12-22	2011-11-28
	280 SHS SUNOCO LOGISTICS PTNR	P	2010-12-22	2011-11-30
	10 SHS AMGEN INCORPORATED	P	2011-03-16	2011-12-20
	8 SHS VIACOM INC CL B NEW	P	2006-11-02	2012-02-06
	91 SHS CISCO SYSTEMS INC	P	2011-05-16	2012-02-23
	39 SHS BARRICK GOLD CORP	P	2009-07-28	2012-02-23
	38 SHS HALLIBURTON CO HLDG CO	P	2008-11-12	2012-02-23
	1 SHS MS&AD INS GRP HLDGS	P	2007-11-26	2012-02-23
	96 SHS PFIZER INCORPORATED	P	2010-04-14	2012-02-23
	7 SHS UNION PACIFIC CORP	P	2006-11-02	2012-02-23
	210 SHS DIGITAL GENERATION INC	P	2011-12-19	2012-02-24
	340 SHS TECUMSEH PRODUCTS	P	2011-08-09	2012-02-24
	160 SHS QAD INC CL A	P	2009-01-21	2012-02-24
	1120 SHS TRANSACT TECH INC	P	2009-12-28	2012-02-24
	83 SHS CAMECO CORP	P	2011-03-25	2012-04-11
	1 SHS GENWORTH FINANCIAL INC	P	2010-12-01	2012-04-26
	260 SHS SUBURBAN PROPANE	P	2011-08-04	2012-05-18
	2000 SHS MARTIN MDSTRM	P	2011-01-26	2012-05-24
	35 SHS ANGLOGOLD ASHANTI ADR	P	2008-03-17	2011-07-07
	44 SHS INGERSOLL RAND	P	2006-11-28	2011-07-07
	4 SHS NIPPON TELE & TEL ADR	P	2007-05-15	2011-07-07
	8 SHS SANOFI ADR	P	2008-04-08	2011-07-07
	25 SHS PITNEY BOWES INC	P	2007-12-17	2011-07-14
	5 SHS LOCKHEED MARTIN CORP	P	2009-03-18	2011-08-12
	16 SHS ASTRAZENECA PLC ADR	P	2010-05-05	2011-08-23
	71 SHS NIPPON TELE & TEL ADR	P	2007-06-12	2011-10-04
	43 SHS AMGEN INCORPORATED	P	2007-11-15	2011-11-07
	110 SHS HEINZ HJ CO	P	2010-12-22	2011-11-28
	880 SHS TEEKAY LNG PARTNERS LP	P	2010-12-22	2011-11-30
	285 SHS TELEFONICA SPON ADR	P	2009-06-29	2011-12-21
	8 SHS MOTOROLA SOLUTIONS INC	P	2009-02-10	2012-02-07
	97 SHS EAST JAPAN RAILWAY	P	2011-03-02	2012-02-23
	11 SHS C V S CAREMARK CORP	P	2009-07-10	2012-02-23
	105 SHS HARTFORD FINL SVCS GRP	P	2006-11-02	2012-02-23
	7 SHS NEWCREST MINING ADR	P	2006-11-06	2012-02-23
	7 SHS PHILIP MORRIS INTL INC	P	2006-11-02	2012-02-23
	38 SHS UNUM GROUP	P	2010-05-26	2012-02-23
	680 SHS DIGITAL GENERATION INC	P	2012-02-22	2012-02-24
	260 SHS TECUMSEH PRODUCTS	P	2011-09-20	2012-02-24
	432 SHS QAD INC CL A	P	2009-02-11	2012-02-24
	160 SHS PLAINS ALL AMERN PPLN	P	2010-12-22	2012-02-24
	970 SHS KILROY REALTY	P	2010-12-22	2012-04-16
	14 SHS GENWORTH FINANCIAL INC	P	2010-12-02	2012-04-26
	230 SHS AMERIGAS PARTNERS LP	P	2010-12-22	2012-05-18
	CASH IN LIEU - KON PHILIPS ELEC NV	P	2011-05-28	2012-05-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	972	966	6
b	3,030	1,540	1,490
c	1,787	1,881	-94
d	2,040	2,083	-43
e	1,871	2,451	-580
	148	263	-115
	339	381	-42
	365	246	119
	191	225	-34
	12,928	30,299	-17,371
	8,480	7,700	780
	25,956	27,548	-1,592
	551	480	71
	1,627	2,006	-379
	979	1,958	-979
	9,442	8,764	678
	639	588	51
	2,579	1,401	1,178
	454	558	-104
	1,469	1,198	271
	3,009	2,444	565
	1,354	2,068	-714
	521	1,520	-999
	6,301	7,338	-1,037
	1,096	1,452	-356
	1,006		1,006
	13,559	13,070	489
	17,324	19,898	-2,574
	672	731	-59
	1,010	532	478
	1,135	1,221	-86
	360	341	19
	1,220	944	276
	169	172	-3
	2,162	1,512	650
	39,413	34,579	4,834
	924	1,154	-230
	6,705	15,649	-8,944
	8,550	6,696	1,854
	479	426	53
	1,715	594	1,121
	1,169	1,639	-470
	290	290
	513	486	27
	1,781	2,201	-420
	2,240	1,529	711
	1,355	1,339	16
	1,710	1,627	83
	2,794	3,409	-615
	2,804	3,622	-818
	302	531	-229
	911	646	265
	192	203	-11
	855	840	15
	10,823	8,901	1,922
	1,514	1,514
	672	729	-57
	2,928	2,506	422
	1,482	1,274	208
	2,378	1,220	1,158
	2,567	2,607	-40
	472	472
	342	381	-39
	7,060	7,071	-11
	4,112	4,601	-489
	3,796	8,813	-5,017
	10,292	10,002	290
	300	274	26
	445	386	59
	198	276	-78
	348	332	16
	1,956	3,662	-1,706
	2,280	3,466	-1,186
	450	800	-350
	602	428	174
	1,311	1,306	5
	2,144	2,187	-43
	6,087	4,877	1,210
	796	1,067	-271
	1,182	703	479
	165	668	-503
	1,539	1,538	1
	13,342	8,833	4,509
	19,418	17,028	2,390
	1,230	1,249	-19
	924	557	367
	178	132	46
	1,324	2,721	-1,397
	773	551	222
	79	87	-8
	342	383	-41
	783	842	-59
	1,530	1,628	-98
	34,870	33,412	1,458
	4,827	4,780	47
	659	621	38
	855	872	-17
	2,250	2,285	-35
	686	536	150
	1,398	1,985	-587
	679	805	-126
	623	614	9
	588	918	-330
	578	680	-102
	8,599	9,738	-1,139
	2,045	3,514	-1,469
	549	558	-9
	177	110	67
	171	325	-154
	80	206	-126
	23,725	40,318	-16,593
	1,901	1,435	466
	1,188	860	328
	2,078	1,670	408
	604	428	176
	2,144	1,646	498
	1,810	1,404	406
	1,021	859	162
	683	388	295
	23,696	24,521	-825
	998	841	157
	18,802	17,045	1,757
	6,696	6,722	-26
	180	168	12
	3,263	3,371	-108
	25,250	25,467	-217
	686	554	132
	587	818	-231
	1,501	1,784	-283
	307	141	166
	1,978	2,043	-65
	1,642	832	810
	2,880	2,355	525
	1,705	2,933	-1,228
	1,482	1,476	6
	396	261	135
	868	1,638	-770
	848		848
	13,748	12,133	1,615
	1,199	905	294
	1,448	1,444	4
	4,146	4,432	-286
	1,097	692	405
	107	85	22
	3,296	1,407	1,889
	2,675	1,886	789
	556	398	158
	4,886	5,029	-143
	1,152	1,768	-616
	11,000	11,039	-39
	2,335	1,335	1,000
	1,438	1,158	280
	12,185	11,665	520
	1,409	2,454	-1,045
	274	221	53
	1,019	1,575	-556
	1,086	1,019	67
	820	467	353
	957	1,262	-305
	7,160	7,546	-386
	4,279	7,533	-3,254
	9,129	9,055	74
	6,232	9,171	-2,939
	15,039	20,722	-5,683
	83	164	-81
	10,238	10,365	-127
	13,732	11,320	2,412
	1,650	1,514	136
	1,290	1,118	172
	2,172	1,640	532
	222	131	91
	287	399	-112
	2,128	1,824	304
	1,112	783	329
	12,000	12,195	-195
	1,138	1,150	-12
	271	274	-3
	4,000	4,065	-65
	8,680	8,815	-135
	599	620	-21
	2,775	3,856	-1,081
	1,420	1,635	-215
	929	886	43
	2,078	2,634	-556
	2,220	1,460	760
	787	1,906	-1,119
	1,171	1,525	-354
	4,866	4,894	-28
	5,680	4,885	795
	3,256	14,468	-11,212
	2,432	3,679	-1,247
	256	297	-41
	46	117	-71
	18,428	18,867	-439
	28,071	20,694	7,377
	147	128	19
	612	418	194
	511	613	-102
	1,248	1,736	-488
	3,292	2,434	858
	10,000	6,504	3,496
	870	610	260
	3,196	4,002	-806
	843	823	20
	2,251	2,996	-745
	13,720	13,878	-158
	659	680	-21
	480	998	-518
	1,982	2,802	-820
	2,663	1,833	830
	1,062	3,749	-2,687
	2,573	1,882	691
	398	967	-569
	556	429	127
	2,543	2,491	52
	8,129	8,085	44
	6,628	7,145	-517
	249	400	-151
	661	743	-82
	61	129	-68
	36,827	29,531	7,296
	10,296	9,100	1,196
	2,876	2,386	490
	1,071	762	309
	244	232	12
	4,277	3,645	632
	2,547	2,454	93
	4,000	2,985	1,015
	567	414	153
	299	197	102
	214	80	134
	2,533	3,148	-615
	4,147	4,103	44
	2,457	2,325	132
	3,513	4,820	-1,307
	561	491	70
	882	912	-30
	1,379	3,529	-2,150
	2,062	1,898	164
	3,471	2,945	526
	826	737	89
	7,211	6,367	844
	7,159	9,160	-2,001
	20,922	19,765	1,157
	1,990	3,155	-1,165
	200	238	-38
	105	232	-127
	9,953	9,841	112
	22,676	19,263	3,413
	3,306	2,198	1,108
	780	985	-205
	163	231	-68
	2,135	1,335	800
	997	995	2
	27,157	39,211	-12,054
	265	172	93
	1,009	668	341
	9,836	9,297	539
	2,533	2,099	434
	37,219	36,298	921
	1,438	1,285	153
	701	580	121
	5,905	4,112	1,793
	1,339	962	377
	803	934	-131
	31	17	14
	926	769	157
	248	717	-469
	3,736	3,353	383
	1,985	2,036	-51
	8,960	8,946	14
	10,251	9,896	355
	556	2,167	-1,611
	512	357	155
	503	643	-140
	17,261	12,210	5,051
	812	483	329
	1,699	1,972	-273
	1,843	649	1,194
	3,381	3,256	125
	1,977	2,470	-493

	1,315	861	454
	980	644	336
	4,070	3,799	271
	4,339	4,898	-559
	26,734	23,619	3,115
	14,990	13,769	1,221
	789	318	471
	1,546	2,190	-644
	901	536	365
	573	734	-161
	217	71	146
	206	170	36
	884	2,562	-1,678
	4,324	3,973	351
	2,204	1,923	281
	2,099	1,520	579
	4,998	2,075	2,923
	204	135	69
	887	606	281
	649	472	177
	18,020	16,252	1,768
	1,328	1,326	2
	1,460	477	983
	3,486	1,564	1,922
	1,602	2,112	-510
	10,732	8,504	2,228
	5,915	7,267	-1,352
	362	195	167
	1,183	901	282
	1,478	514	964
	10,961	12,136	-1,175
	5,009	4,538	471
	493	410	83
	454	161	293
	24,577	33,318	-8,741
	1,305	798	507
	229	291	-62
	666	442	224
	894	974	-80
	590	511	79
	15,109	16,125	-1,016
	1,741	2,360	-619
	1,215	531	684
	11,176	12,655	-1,479
	388	203	185
	32	73	-41
	118	95	23
	9,270	6,722	2,548
	520	519	1
	2,793	2,085	708
	1,820	1,442	378
	51	64	-13
	385	436	-51
	3,197	3,928	-731
	2,172	1,406	766
	5,340	5,234	106
	3,631	4,868	-1,237
	12,711	13,353	-642
	4,940	4,466	474
	575	357	218
	468	386	82
	7,289	7,319	-30
	759	734	25
	803	1,021	-218
	1,032	1,831	-799
	820	674	146
	1,247	1,053	194
	4,756	6,562	-1,806
	5,463	11,284	-5,821
	3,204	1,067	2,137
	6,581	10,758	-4,177
	24,234	24,284	-50
	128	303	-175
	1,988	1,564	424
	4,789	3,403	1,386
	520	494	26
	226	174	52
	144	150	-6
	2,138	2,416	-278
	2,563	1,795	768
	3,197	3,855	-658
	175	123	52
	1,087	1,085	2
	8,454	4,230	4,224
	13,908	12,916	992
	29,124	22,797	6,327
	595	533	62
	372	309	63
	1,823	1,525	298
	1,934	1,306	628
	1,438	671	767
	10	18	-8
	2,017	1,641	376
	770	318	452
	2,220	2,470	-250
	1,644	2,408	-764
	2,210	558	1,652
	7,636	7,337	299
	1,641	2,613	-972
	5	13	-8
	10,581	11,570	-989
	2,178	2,136	42
	1,494	1,195	299
	2,052	1,641	411
	96	98	-2
	317	308	9
	545	939	-394
	339	330	9
	736	691	45
	1,645	1,613	32
	2,474	2,359	115
	5,557	5,477	80
	28,266	33,216	-4,950
	4,805	6,541	-1,736
	361	128	233
	1,030	1,136	-106
	474	340	134
	2,154	9,102	-6,948
	269	130	139
	564	301	263
	873	856	17
	7,187	7,290	-103
	1,257	2,095	-838
	5,966	1,476	4,490
	13,019	10,002	3,017
	24,250	24,177	73
	69	180	-111
	8,810	11,265	-2,455
	9		9

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			6
b			1,490
c			-94
d			-43
e			-580
			-115
			-42
			119
			-34
			-17,371
			780
			-1,592
			71
			-379
			-979
			678
			51
			1,178
			-104
			271
			565
			-714
			-999
			-1,037
			-356
			1,006
			489
			-2,574
			-59
			478
			-86
			19
			276
			-3
			650
			4,834
			-230
			-8,944
			1,854
			53
			1,121
			-470

			27
			-420
			711
			16
			83
			-615
			-818
			-229
			265
			-11
			15
			1,922

			-57
			422
			208
			1,158
			-40

			-39
			-11
			-489
			-5,017
			290
			26
			59
			-78
			16
			-1,706
			-1,186
			-350
			174
			5
			-43
			1,210
			-271
			479
			-503
			1
			4,509
			2,390
			-19
			367
			46
			-1,397
			222
			-8
			-41
			-59
			-98
			1,458
			47
			38
			-17
			-35
			150
			-587
			-126
			9
			-330
			-102
			-1,139
			-1,469
			-9
			67
			-154
			-126
			-16,593
			466
			328
			408
			176
			498
			406
			162
			295
			-825
			157
			1,757
			-26
			12
			-108
			-217
			132
			-231
			-283
			166
			-65
			810
			525
			-1,228
			6
			135
			-770
			848
			1,615
			294
			4
			-286
			405
			22
			1,889
			789
			158
			-143
			-616
			-39
			1,000
			280
			520
			-1,045
			53
			-556
			67
			353
			-305
			-386
			-3,254
			74
			-2,939
			-5,683
			-81
			-127
			2,412
			136
			172
			532
			91
			-112
			304
			329
			-195
			-12
			-3
			-65
			-135
			-21
			-1,081
			-215
			43
			-556
			760
			-1,119
			-354
			-28
			795
			-11,212
			-1,247
			-41
			-71
			-439
			7,377
			19
			194
			-102
			-488
			858
			3,496
			260
			-806
			20
			-745
			-158
			-21
			-518
			-820
			830
			-2,687
			691
			-569
			127
			52
			44
			-517
			-151
			-82
			-68
			7,296
			1,196
			490
			309
			12
			632
			93
			1,015
			153
			102
			134
			-615
			44
			132
			-1,307
			70
			-30
			-2,150
			164
			526
			89
			844
			-2,001
			1,157
			-1,165
			-38
			-127
			112
			3,413
			1,108
			-205
			-68
			800
			2
			-12,054
			93
			341
			539
			434
			921
			153
			121
			1,793
			377
			-131
			14
			157
			-469
			383
			-51
			14
			355
			-1,611
			155
			-140
			5,051
			329
			-273
			1,194
			125
			-493

			454
			336
			271
			-559
			3,115
			1,221
			471
			-644
			365
			-161
			146
			36
			-1,678
			351
			281
			579
			2,923
			69
			281
			177
			1,768
			2
			983
			1,922
			-510
			2,228
			-1,352
			167
			282
			964
			-1,175
			471
			83
			293
			-8,741
			507
			-62
			224
			-80
			79
			-1,016
			-619
			684
			-1,479
			185
			-41
			23
			2,548
			1
			708
			378
			-13
			-51
			-731
			766
			106
			-1,237
			-642
			474
			218
			82
			-30
			25
			-218
			-799
			146
			194
			-1,806
			-5,821
			2,137
			-4,177
			-50
			-175
			424
			1,386
			26
			52
			-6
			-278
			768
			-658
			52
			2
			4,224
			992
			6,327
			62
			63
			298
			628
			767
			-8
			376
			452
			-250
			-764
			1,652
			299
			-972
			-8
			-989
			42
			299
			411
			-2
			9
			-394
			9
			45
			32
			115
			80
			-4,950
			-1,736
			233
			-106
			134
			-6,948
			139
			263
			17
			-103
			-838
			4,490
			3,017
			73
			-111
			-2,455
			9

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	-36,055
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 . . . . . . . . . . . . .		3	-41,915

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))
2010	198,568	4,983,204	0.039847
2009	225,231	4,577,658	0.049202
2008	261,517	3,989,930	0.065544
2007	176,633	5,428,470	0.032538
2006	20,453	3,569,850	0.005729

2	Total of line 1, column (d) ......................	2	0.192860
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	0.038572
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	4,885,314
5	Multiply line 4 by line 3.......................	5	188,436
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,290
7	Add lines 5 and 6.........................	7	189,726
8	Enter qualifying distributions from Part XII, line 4..............	8	275,625
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

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	1,290
	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
3	Add lines 1 and 2............................	3	1,290
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,290
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	3,600
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,600
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	11
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,299
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax2,299	Refunded	11

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 page 19 of the

instructions) bullet

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 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? 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 page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

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

Yes

Website address bullet

WWW.KELLOGGFAMILYDENTALFOUNDATION.COM

The books are in care of bullet

BREDERNITZ WAGNER CO PC Telephone no. bullet

(517) 546-2130

Located at bullet

109 W CLINTON STREETHOWELLMI ZIP+4 bullet

48843

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 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

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 2011?.............

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 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............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 page 20 of the 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 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

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 2011?

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 page 22 of the 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 page 22 of the 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 (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
THOMAS A KELLOGG	PRESIDENT 5.00	47,060	0	0
1250 BYRON ROAD HOWELL,MI48843	PRESIDENT 5.00	47,060	0	0
RYAN KELLOGG	DIRECTOR 0.00	250	0	0
1250 BYRON ROAD HOWELL,MI48843	DIRECTOR 0.00	250	0	0
SARAH TOTTINGHAM	DIRECTOR 5.00	1,080	0	0
1250 BYRON ROAD HOWELL,MI48843	DIRECTOR 5.00	1,080	0	0

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

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

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

4,081,139

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

260,771

Fair market value of all other assets (see page 24 of the instructions)............

617,800

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

4,959,710

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

4,959,710

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

74,396

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

4,885,314

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

244,266

Part XI

Distributable Amount (see page 25 of the 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....................

244,266

Tax on investment income for 2011 from Part VI, line 5......

1,290

Income tax for 2011. (This does not include the tax from Part VI.)...

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

1,290

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

242,976

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

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

242,976

Deduction from distributable amount (see page 25 of the instructions)...........

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

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

242,976

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

275,625

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

275,625

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

1,290

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

274,335

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7		242,976
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......	233,555
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......
b From 2007.......
c From 2008.......
d From 2009.......
e From 2010.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2011 from Part
XII, line 4: $ 275,625
a Applied to 2010, but not more than line 2a	233,555
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....		42,070
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2011.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........		200,906
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2007....
b Excess from 2008....
c Excess from 2009....
d Excess from 2010....
e Excess from 2011....

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in 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) 2011	(b) 2010	(c) 2009	(d) 2008	(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 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

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 page 28 of the 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:

KELLOGG FOUNDATION
1250 BYRON ROAD
HOWELL,MI48843
(517) 546-3330

bThe form in which applications should be submitted and information and materials they should include:

EDWARD AND JUNE KELLOGG FOUNDATION WILL ACCEPT ALL GRANT REQUESTS AND WILL CONSIDER MAKING THE GRANT IF IT IS WITHIN THE GRANT MAKING GUIDELINES OF THE FOUNDATION. REQUESTS SHOULD INCLUDE AMOUNT REQUESTED, THE PURPOSE THE FUNDS WILL BE USED FOR, AND THE EXEMPT PURPOSE OF THE REQUESTING ORGANIZATION, IF APPLICABLE.

cAny submission deadlines:

THERE ARE NO SUBMISSION DEADLINES.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GRANT FOCUS AREAS: IMPROVING EDUCATION AND CREATING OPPORTUNITIES FOR CAREERS IN DENTISTRY; TO ADVANCE THE DENTAL HEALTH AND WELL-BEING OF YOUTH IN OUR COMMUNITIES AND THOSE UNDERSERVED IN OTHER PARTS OF THE WORLD; TO PROVIDE SPIRITUAL SUPPORT IN THE PROCESS OF THESE ENDEAVORS; TO PROVIDE MONIES AND SUPPORT FOR THE HUMANE TREATMENT OF ANIMALS; TO SUPPORT LOCAL ORGANIZATIONS; AND TO PROMOTE COMMUNITY STEWARDSHIP.

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	NONE	TAX-EXEMPT	SCHOLARSHIPS	5,000
BOY SCOUTS - GREAT LAKES COUNCIL 1776 W WARREN AVENUE DETROIT,MI48208	NONE	TAX-EXEMPT	GENERAL FUND DONATION	5,000
CHILDREN'S MIRACLE NETWORK 2213 CHERRY STREET TOLEDO,OH43608	NONE	TAX-EXEMPT	GENERAL DONATION	500
COMMUNITY BIBLE CHURCH 7305 GRAND RIVER AVE SU BRIGHTON,MI48114	NONE	TAX-EXEMPT	GENERAL FUND DONATION	5,000
FAMILY RESOURCE CENTER 3471 E GRAND RIVER AVE HOWELL,MI48843	NONE	TAX-EXEMPT	PROGRAM SUPPORT	25,000
GREAT COMMISSION AIR PO BOX 131374 ANN ARBOR,MI481131374	NONE	TAX-EXEMPT	GENERAL FUND DONATION	5,000
GRACE COMMUNITY CHURCH 21001 MOROSS ROAD DETROIT,MI48236	NONE	TAX-EXEMPT	MISSIONS TO CAMBODIA/THAILAND	1,000
FRIENDS OF SCOUTING-GREAT SAUK TRAI 1979 HURON PARKWAY ANN ARBOR,MI48104	NONE	TAX-EXEMPT	GENERAL FUND DONATION	5,000
HIDDEN SPRINGS CHURCH 5860 N LATSON ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	FOOD PANTRY GRANT	6,000
HIDDEN SPRINGS CHURCH 5860 N LATSON ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	GRANT PAYMENT	6,000
HIDDEN SPRINGS CHURCH 5860 N LATSON ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	THANKSGIVING FOOD DRIVE	2,500
HIDDEN SPRINGS CHURCH 5860 N LATSON ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	GRANT PAYMENT	6,000
HIDDEN SPRINGS CHURCH 5860 N LATSON ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	GRANT PAYMENT	6,000
KALKASKA UNITED METHODIST CHURCH 2525 BEEBE ROAD KALKASKA,MI49646	NONE	TAX-EXEMPT	DONATION	300
KNIGHTS OF COLUMBUS PO BOX 707 FOWLERVILLE,MI48836	NONE	TAX-EXEMPT	FUNDRAISER SPONSOR	100
LIVINGSTON COUNTY COMMUNITY ALLIAN 2020 E GRAND RIVER AVE HOWELL,MI48843	NONE	TAX-EXEMPT	FUNDRAISER SPONSOR	500
MOST MINISTRIES 4090 GEDDES ROAD ANN ARBOR,MI48105	NONE	TAX-EXEMPT	MISSIONS	12,790
SCENIC TRAILS - KAMP KELLOGG 1499 BUSINESS PARK DRIVE TRAVERSE CITY,MI49686	NONE	TAX-EXEMPT	MOWER	50,000
SCENIC TRAILS - KAMP KELLOGG 1499 BUSINESS PARK DRIVE TRAVERSE CITY,MI49686	NONE	TAX-EXEMPT	SNOWBLOWER & PROPANE HEATER	415
SCENIC TRAILS - KAMP KELLOGG 1499 BUSINESS PARK DRIVE TRAVERSE CITY,MI49686	NONE	TAX-EXEMPT	INSURANCE POLICY	165
SHEPHERD OF THE LAKES 2101 S HACKER ROAD BRIGHTON,MI48114	NONE	TAX-EXEMPT	GENERAL DONATION	8,000
SHEPHERD OF THE LAKES 2101 S HACKER ROAD BRIGHTON,MI48114	NONE	TAX-EXEMPT	GENERAL DONATION	8,000
SHEPHERD OF THE LAKES 2101 S HACKER ROAD BRIGHTON,MI48114	NONE	TAX-EXEMPT	GENERAL DONATION	8,000
ST AGNES CHURCH 855 E GRAND RIVER FOWLERVILLE,MI48836	NONE	TAX-EXEMPT	DONATION	10,000
ST JOSEPH'S CHURCH 440 E WASHINGTON HOWELL,MI48843	NONE	TAX-EXEMPT	DONATION	10,000
THE FREEDOM CENTER 2473 W SHIAWASSEE AVE FENTON,MI48430	NONE	TAX-EXEMPT	MISSIONS	5,000
THE FREEDOM CENTER 2473 W SHIAWASSEE AVE FENTON,MI48430	NONE	TAX-EXEMPT	BUILDING FUND	5,000
THE FREEDOM CENTER 2473 W SHIAWASSEE AVE FENTON,MI48430	NONE	TAX-EXEMPT	WILDWOOD MISSION TRIP	2,000
TRIPLE R RANCH 4101 E CLYDE ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	GENERAL FUND DONATION	3,000
TRIPLE R RANCH 4101 E CLYDE ROAD HOWELL,MI48855	NONE	TAX-EXEMPT	GENERAL FUND DONATION	3,450
ST PATRICK'S PARISH 711 RICKETT ROAD BRIGHTON,MI48116	NONE	TAX-EXEMPT	GENERAL DONATION	10,000
THE OVERCOMING LIGHT 1220 SUGDEN LAKE ROAD WHITE LAKE,MI48386	NONE	TAX-EXEMPT	INDIA MINISTRY	5,000
Total ................................. 3a				219,720

bApproved for future payment

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

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
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	36,547
4 Dividends and interest from securities....			14	148,680
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		53	14	-36,068
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFORMS K-1 - BOX 1	211110	-38,169
bFORMS K-1 - BOX 3	531390	398
cFORMS K-1 - BOX 10	211110	326
dFORMS K-1 - BOX 11	900099	95
eFORMS K-1 - BOX 13A	211110	-12
fFORMS K-1 - BOX 13J	211110	-391
12 Subtotal. Add columns (b), (d), and (e)..		-37,700		149,159

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

13111,459

(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.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

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

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

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
LAPTOP COMPUTER	2007-07-01	881	617	S/L	5.0000	176
LAPTOP COMPUTER	2011-08-31	413		S/L	5.0000	69

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
ROUNDING ADJUSTMENT	2011-07	PURCHASE	2012-06		13	-13
SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY				2		2
LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY				51		51

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ROUMELL ASSET MANAGEMENT - SEE SCHED
HODGES/MASON CAPITAL - SEE SCHEDULE	436,774	436,774

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MASTER ACCOUNT - SEE SCHEDULE	52,964	52,964
ROUMELL ASSET MANAGEMENT - SEE SCHED
THOMAS PARTNERS - SEE SCHEDULE	663,011	663,011
TRADEWINDS GLOBAL -SEE SCHED	327,793	327,793
HODGES/MASON CAPITAL - SEE SCHEDULE	2,303,549	2,303,549

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERIGAS PARTNERS LP	FMV	23,638	23,638
BREITBURN ENERGY PTR LP	FMV	36,808	36,808
BUCKEYE PARTNERS UTS LP	FMV	24,520	24,520
COMINAR REAL EST INVT	FMV	36,040	36,040
ENTERPRISE PRD PRTNRS PL	FMV	39,455	39,455
KINDER MORGAN ENERGY LP	FMV	25,931	25,931
ONEOK PARTNERS LP	FMV	21,500	21,500
PLAINS AMERN PPLN LP	FMV	24,243	24,243
REALTY INCOME COPR	FMV	51,795	51,795
SUBURBAN PROPANE PRT LO	FMV	31,365	31,365
SUNOCO LOGISTICS PTNR	FMV	27,203	27,203
TC PIPELINES LP	FMV	37,497	37,497
ZIONS CAP TR B 8.0%	FMV	14,267	14,267

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
OFFICE EQUIPMENT	1,856	880	976	976
PONTIUS ROAD	158,813		158,813	150,800
ADAMS ROAD	467,000		467,000	467,000

Description	Amount
UNREAL. LOSS - JACKSON FINANCIAL	10,010
UNREAL. LOSS - RAM INVESTMENTS	11,556
UNREAL. LOSS - TRADEWINDS	76,769
UNREAL. LOSS - MASON CAPITAL	42,348

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
INSURANCE	474	119	355
MEALS - FND	1,293		1,293
OFFICE SUPPLIES	70		35
OPERATING SUPPLIES	464
LODGING	4,651		4,186
MAINTENANCE & UPKEEP	2,398		2,398
PUBLIC RELATIONS/COMMUNITY IN	557		557
MISCELLANEOUS	126
DUES & MEMBERSHIPS	1,100		1,100
TRAVEL	4,198		3,778
CONFERENCES	2,030		1,015

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FORMS K-1 - BOX 1	-38,169
FORMS K-1 - BOX 3	398
FORMS K-1 - BOX 10	326
FORMS K-1 - BOX 11	95
FORMS K-1 - BOX 13A	-12
FORMS K-1 - BOX 13J	-391

Description	Amount
UNREALIZED GAIN - TPI	24,831
NET FORMS K-1 ACTIVITY	36,411
ROUNDING ADJUSTMENT	2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	43,644	43,664
FORMS K-1 - BOX 13H - INVESTMENT	233	233

Category	Amount	Net Investment Income
FED TAXES WITHHELD - FORM 2439
PROPERTY TAXES	3,033	3,033
FOREIGN TAXES PAID	4,516	4,516
FORM 990PF - EXCISE TAX	4,326
MICHIGAN ANNUAL FEE	20