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
The Geoffrey and Lynne Picard Family Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)1105 Shenandoah Drive East   Room/suite
City or town, state, and ZIP code
Seattle, WA98112
A Employer identification number

77-0472664
B Telephone number (see instructions)

(206) 325-4444
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,570,553J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 85,014 85,014  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 117,352
b Gross sales price for all assets on line 6a 1,335,151
7 Capital gain net income (from Part IV, line 2)... 117,352
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 202,366 202,366  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 36,188 36,188    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 8,108 1,827    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,309 860   17,449
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 62,605 38,875   17,449
25 Contributions, gifts, grants paid........ 105,000 105,000
26 Total expenses and disbursements. Add lines 24 and 25 167,605 38,875   122,449
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 34,761
b Net investment income (if negative, enter -0-) 163,491
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 129,937 154,550 154,550
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 592,918 560,713 602,724
b Investments—corporate stock (attach schedule)........ 2,131,745 Click to see attachment2,017,684 2,325,760
c Investments—corporate bonds (attach schedule)........ 291,895 Click to see attachment298,309 335,425
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment150,000 152,094
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,146,495 3,181,256 3,570,553
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,146,495 3,181,256
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,146,495 3,181,256
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,146,495 3,181,256
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,146,495
2 Enter amount from Part I, line 27a..................... 2 34,761
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,181,256
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,181,256
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,335,151   1,217,799 117,352
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       117,352
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 117,352
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 107,690 3,406,339 000.031615
2010 144,350 3,145,331 000.045893
2009 125,839 2,775,621 000.045337
2008 185,107 3,503,908 000.052829
2007 347,032 4,118,792 000.084256
2 Total of line 1, column (d) ...................... 2 000.259930
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 000.051986
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 3,418,540
5 Multiply line 4 by line 3....................... 5 177,716
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,635
7 Add lines 5 and 6......................... 7 179,351
8 Enter qualifying distributions from Part XII, line 4.............. 8 122,449
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,270
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 3,270
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 3,270
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 3,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 270
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 3270 7 3,270
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletThe Geoffrey and Lynne Picard Family Foundation Telephone no.bullet (206) 325-4444
    Located atbullet1105 Shenandoah Drive EastSeattleWA ZIP+4bullet98112
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Alexandra Picard Pres / Dir
    001.00     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    Caroline Picard Dir / Sec
    001.00     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    Peter Picard VP / Dir
    001.00     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,209,630
    b
    Average of monthly cash balances.......................
    1b
    182,715
    c
    Fair market value of all other assets (see instructions)................
    1c
    78,254
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,470,599
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,470,599
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    52,059
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,418,540
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    170,927
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    170,927
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    3,270
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,270
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    167,657
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    167,657
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    167,657
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    122,449
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    122,449
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    122,449
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 167,657
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 81,219
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 122,449
    a Applied to 2011, but not more than line 2a 81,219
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 41,230
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		126,427
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Alexandra Picard
    Caroline Picard
    Peter Picard
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN INSTITUTE OF MUSICAL STUDIES
    28 E 69TH ST
    KANSAS CITY,MO64113     		N/A 509a2 General Unrestricted 5,000
    DFBRL8R LTD
    1136 N MILWAUKEE AVE STO
    CHICAGO,IL60642     		N/A 509a1 General Unrestricted 7,000
    EXPERIMENTAL SOUND STUDIO
    5925 N RAVENSWOOD AVE
    CHICAGO,IL60660     		N/A 509a2 General Unrestricted 7,000
    GROTON SCHOOL
    282 FARMERS ROW
    GROTON,MA01450     		N/A 509a1 General Unrestricted 1,000
    LABYRINTH INC
    155 BANK ST
    NEW YORK,NY10014     		N/A 509a1 General Unrestricted 19,000
    LABYRINTH INC
    155 BANK ST
    NEW YORK,NY10014     		N/A 509a1 Renew Line of Credit Campaign 2,500
    LAMPO INC
    2637 W CORTEZ ST APT 3
    CHICAGO,IL60622     		N/A 509a1 General Unrestricted 3,000
    LINKS HALL INCORPORATED
    3435 N SHEFFIELD AVE STE 207
    CHICAGO,IL60657     		N/A 509a2 General Unrestricted 7,000
    MAKE LITERARY PRODUCTIONS NFP
    2822 W DICKENS AVE 3
    CHICAGO,IL60647     		N/A 509a1 General Unrestricted 7,000
    NORTHWEST SYMPHONY ORCHESTRA
    PO BOX 16231
    SEATTLE,WA98116     		N/A 509a2 General Unrestricted 15,000
    ROCKHOUSE FOUNDATION
    2 CORNELIA ST PH C
    NEW YORK,NY10014     		N/A 509a2 General Unrestricted 12,500
    ROSE METAL PRESS INC
    170 WESTON ST
    WALTHAM,MA02453     		N/A 509a1 General Unrestricted 4,000
    VILLA ACADEMY
    5001 NE 50TH ST
    SEATTLE,WA98105     		N/A 509a1 General Unrestricted 15,000
    Total .................................bullet 3a 105,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 85,014  
    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     18 117,352  
    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)..   202,366  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13202,366
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 12000057
    Software Version: 12.18.605.2
    Part VI Line 7 - Tax Paid Original Return: 3270


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly-traded Securities         1,335,151 1,217,799     117,352  

    TY 2012 GeneralExplanationAttachment
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Identifier Return Reference Explanation

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER BUSCH COS INC 06.450 09/01/37 7,035 13,674
    AOL TIME WARNER INC 07.625 04/15/31 7,904 9,637
    BANK OF AMERICA BOND 5.125 11/15/2014 9,229 9,598
    CAPITAL ONE FINL CORP - 6.150 - 09/01/2016 9,804 10,296
    CISCO SYSTEMS INC - 5.000 - 02/22/2016 8,533 9,144
    CITIGROUP INC SR NT 6.125 05/15/2018 9,873 10,786
    CONOCPHILLIPS CDA FDG 05.625 10/15/16 8,820 9,381
    DEERE JOHN CAP CORP - 1.200 - 10/10/2017 10,061 10,016
    DELL - 2.300 - 9/10/2015 9,743 10,276
    EMBARQ CORP NT - 7.995 - 06/01/36 10,708 11,045
    ENERGY TRANSFER PARTNERS 5.950 02/01/15 9,782 10,959
    EQUITY RESIDENTIAL PPTYS 05.125 03/15/16 7,900 8,922
    FHLN MTG CRPPOOL J18360 3.000 - 03/01/2027 56,465 56,737
    GE CAP CORP SR UNSERUES 5.625 9/15/17 8,649 10,614
    JPMORGAN CHASE CO - 5.150 - 10/01/2015 8,833 9,892
    MARATHON OIL CORP BOND 6.600 10/01/2037 MAKE WHOL 8,720 10,690
    MCDONALDS CORP NT - 5.000 - 02/01/2019 8,246 9,319
    MORGAN STANLEY - 4.750 - 04/01/2014 7,402 8,284
    MURPHY OIL CORP SR NT 2.50000 12/01/2017 10,066 10,062
    ONEOK PARTNERS CONS BONDS 6.150 10/01/2016 8,249 9,313
    PACIFIC GAS ELEC CO 1STM BD 4.800 03/01/2014 8,015 8,382
    PRUDENTIAL INC. - 4.750 - 09/17/2015 9,634 9,865
    TELECOM ITALIA CAP SR NT-C 6.37500 11/15/2033 10,032 11,083
    TOTAL CAPITAL GTD-3.0-06/24/2015 8,998 9,506
    UNITEDHEALTH GROUP INC 05.800 03/15/36 9,482 13,271
    VIACOM INC NTS 06.875 04/30/36 8,828 13,543
    VODAFONE GROUP PLC 06.150 02/27/37 8,957 11,904
    XEROX - 6.350 - 05/15/2018 8,341 9,226

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    208 shares of AARONS INC. 4,635 5,882
    820 shares of ABB LTD. 15,744 17,048
    28 shares of ACI WORLDWIDE INC 1,217 1,223
    235 shares of ACTUANT CORP CL A 5,101 6,559
    472 shares of ADIDAS AG 11,673 21,146
    83 shares of ADVANCE AUTO PARTS INC 6,045 6,005
    571 shares of AIXTRON AG ADR 14,739 6,823
    83 shares of ALTERA CORPORATION 3,935 2,854
    160 shares of AMAZON COM 31,200 40,138
    204 shares of AMER EQ INV LIFE HLD 2,470 2,491
    441 shares of AMER INTERNATIONAL GROUP INC 15,173 15,567
    422 shares of AMERICAN EXPRESS CO 22,066 24,257
    195 shares of AMGEN INC 11,345 16,809
    99 shares of ANALOG DEVICES INC. 3,952 4,164
    679 shares of ANGLO AMERICAN PLC ADR 14,607 10,599
    122 shares of ANHEUSER BUSCH COS INC 5,716 10,664
    197 shares of APACHE CORPORATION 14,916 15,465
    1799 shares of APPLIED MATERIALS INC. 22,933 20,581
    544 shares of ARES CAPITAL CORPORATION - CLOSED END FUND 8,310 9,520
    897 shares of ARM HOLDINGS PLC 15,404 33,934
    38 shares of ASPEN INSURANCE HLDG 1,225 1,219
    468 shares of ASSOCIATED BANC-CORP 6,206 6,140
    190 shares of ASSOCIATED ESTATES REALTY CORP. 2,792 3,063
    126 shares of ATLAS AIR WORLDWIDE HOLDINGS 5,766 5,584
    198 shares of ATMOS ENERGY CORP 6,575 6,954
    487 shares of AUTODESK, INC. 16,545 17,215
    217 shares of AUTOLIV INC 13,446 14,624
    173 shares of AUTOMATIC DATA PROCESSING INC. 9,255 9,849
    925 shares of AXA ADS 14,127 16,854
    967 shares of BANCO ITAU HOLDING FINANCIERA 14,860 15,917
    219 shares of BANK OF NOVA SCOTIA 10,999 12,676
    147 shares of BAYER A G SPONSORED ADR 10,560 14,100
    795 shares of BELLE INTL HLDG ADR 15,235 17,546
    781 shares of BG GROUP PLC ADS 14,676 13,051
    229 shares of BHP BILLITON LIMITED 10,760 17,958
    200 shares of BLUE NILE, INC. 8,612 7,696
    283 shares of BOEING CO 12,293 21,327
    242 shares of BROADRIDGE FINANCIAL SOLUTIONS 5,264 5,537
    709 shares of CAMECO CORPORATION 18,754 13,981
    469 shares of CANON INC. 19,487 18,389
    203 shares of CAPITAL ONE FINANCIAL CORP 9,269 11,760
    256 shares of CARMAX INC 7,221 9,610
    661 shares of CARNIVAL CORP 23,860 24,305
    106 shares of CATERPILLAR INC. 9,015 9,499
    1181 shares of CHINA UNICOM HONG KONG LTD 19,800 19,238
    150 shares of CHOICE HOTELS INTERNATIONAL INC 4,567 5,043
    1897 shares of CISCO SYSTEMS INC 30,097 37,274
    128 shares of CLOROX CO 8,707 9,372
    297 shares of CME GROUP, INC 16,785 15,049
    651 shares of CNO FINANCIAL GROUP INC. 3,845 6,074
    438 shares of COCA-COLA CO 14,846 15,878
    523 shares of COMCAST CORP 7,575 18,786
    1676 shares of COMPAGNIE FINANCIERE RICHEMONT SA 8,417 13,056
    215 shares of CORR CP OF AM NEW 4,898 7,626
    537 shares of CREDIT SUISSE GROUP ADR 14,095 13,189
    144 shares of CUMMINS INC 13,391 15,602
    461 shares of DELPHI AUTOMOTIVE PLC 13,753 17,633
    127 shares of DIAGEO PLC ADS 11,475 14,806
    61 shares of DSW INC. 3,001 4,007
    168 shares of ENI S.P.A. 7,218 8,256
    241 shares of EXCEL TR INC COM 2,942 3,053
    486 shares of EXPEDITORS INTL WASH INC. 24,264 19,221
    178 shares of EXXON MOBIL CORP 15,229 15,406
    529 shares of FACEBOOK INC 16,181 14,082
    175 shares of FACTSET RESH SYST INC. 18,004 15,411
    253 shares of FEDEX CORPORATION COMMON STOCK 20,274 23,205
    137 shares of FIRST CASH FINL SERVICES INC 4,014 6,798
    483 shares of FIRSTMERIT CORPORATION 7,911 6,854
    253 shares of FRANKLIN RES INC 28,180 31,802
    601 shares of FRESENIUS SE S ADR 8,680 8,654
    122 shares of FULTON FIN CORP 1,264 1,172
    273 shares of GLOBE SPECIALTY METALS INC 4,028 3,754
    161 shares of GOLDMAN SACHS GROUP 16,319 20,537
    65 shares of GOOGLE INC CL A 32,732 45,979
    135 shares of GRAFTECH INTL LTD 1,204 1,268
    264 shares of GREENHILL COMPANY INC 11,761 13,725
    452 shares of GRIFOLS SA REP 1/2 CL B 4,207 11,720
    90 shares of GROUP 1 AUTOMOTIVE INC 4,668 5,579
    2029 shares of GROUPE DANONE ADS 27,753 27,168
    151 shares of HANCOCK HOLDING COMPANY 4,863 4,791
    122 shares of HARMAN INTERNATIONAL INDUSTRIES INC 5,163 5,446
    180 shares of HCC INS HLDGS INC. 4,903 6,698
    465 shares of HDFC BANK LTD ADR 4,625 18,935
    165 shares of HEALTH MGMT ASSOC INC NEW CL A 1,444 1,538
    463 shares of HERSHA HOSPITALITY TRUST 2,238 2,315
    196 shares of HIGHWOODS PRPTY INC 6,149 6,556
    55 shares of HITTITE MICROWAVE CORPORATION 2,930 3,413
    696 shares of HOLCIM LIMITED ADR 10,030 10,155
    292 shares of HSBC HLDGS PLC ADS 14,244 15,496
    84 shares of ICF INTERNATIONAL, INC. 1,608 1,969
    361 shares of ILLINOIS TOOL WORKS 13,009 21,952
    1456 shares of INDUSTRIAL COM UNSP/ADR 18,645 20,663
    1573 shares of INTEL CORP 33,373 32,435
    60 shares of JACK IN THE BOX INC 1,716 1,716
    648 shares of JP MORGAN CHASE CO 20,695 28,492
    346 shares of KAR AUCTION SERVICES INC 5,441 7,003
    666 shares of KOMATSU LTD. 20,568 17,123
    152 shares of KRATON PERFORMANCE POLYMERS INCCOM 3,233 3,653
    327 shares of LAM RESEARCH CORP 11,947 11,815
    118 shares of LASALLE HOTEL PROP 2,797 2,996
    385 shares of LEGG MASON INC 12,907 9,902
    99 shares of LENNOX INTL INC 4,415 5,199
    76 shares of LIFEPOINT HOSPITALS, INC 2,958 2,869
    74 shares of LITHIA MOTORS INC CL A 1,821 2,769
    77 shares of LITTELFUSE, INC. 4,519 4,752
    676 shares of LOWES COMPANIES INC. 18,193 24,012
    196 shares of LPL FINANCIAL HOLDINGS INC 5,389 5,519
    84 shares of MANHATTAN ASSOCIATES INC 3,868 5,069
    993 shares of MANULIFE FIN CORP 21,951 13,495
    544 shares of MARRIOTT INTERNATIONAL INC. CL A 14,048 20,275
    247 shares of MASTEC INC 4,769 6,158
    59 shares of MASTERCARD INC 12,135 28,986
    90 shares of MCDONALDS CORP 6,278 7,939
    165 shares of MCGRATH RENTCORP 4,488 4,802
    79 shares of MEDTRONIC INC 2,816 3,241
    289 shares of MERCK CO INC. 10,260 11,832
    289 shares of MICROSEMI CORP 5,509 6,081
    565 shares of MICROSOFT CORPORATION 15,380 15,091
    148 shares of MKS INSTRUMENTS, INC 3,954 3,815
    196 shares of NATL OILWELL VARCO 13,086 13,397
    123 shares of NESTLE S.A. 7,950 8,016
    507 shares of NEWCREST MINING LTD-SPON ADR 15,046 11,970
    335 shares of NICE SYSTEMS LTD. 11,793 11,216
    120 shares of NIKE INC-CL B 4,789 6,192
    363 shares of NOVARTIS AG ADR 22,104 22,978
    65 shares of NOVO NORDISK A S 3,704 10,609
    241 shares of OASIS PETROLEUM CORP 6,029 7,664
    88 shares of OIL STATES INTL INC 5,060 6,296
    204 shares of OMNICOM GROUP 9,922 10,192
    1825 shares of ORACLE CORP 51,700 60,808
    169 shares of PACKAGING CORP AMER 4,291 6,501
    100 shares of PARKER HANNIFIN CP 7,813 8,506
    503 shares of PDRDY.PK 9,729 11,670
    1226 shares of PING AN INSURANCE 23,383 21,075
    162 shares of POST HOLDINGS INC 5,019 5,549
    367 shares of PRECISION DRILLING TRUST 3,182 3,039
    245 shares of PROCTER GAMBLE CO 15,694 16,633
    145 shares of PROSPERITY BANC SHARES, INC 5,155 6,090
    612 shares of PRUDENTIAL PLC SC 12,102 17,473
    518 shares of QUALCOMM INC 25,223 32,043
    641 shares of RECKITT BENCKISER GRP PLC ADR 7,770 8,218
    91 shares of RELIANCE STL ALMN 4,942 5,651
    240 shares of ROCHE HOLDING LTD ADR 10,367 12,120
    135 shares of ROCKWELL AUTOMAT INC 5,383 11,339
    216 shares of ROLLS ROYCE GRP PLC S/ADR 12,083 15,507
    100 shares of RYLAND GROUP INC. 3,282 3,650
    301 shares of SABMILLER PLC S/ADR 12,191 14,084
    47 shares of SCANSOURCE INC 1,437 1,493
    317 shares of SCHLUMBERGER LTD 26,609 21,968
    1372 shares of SEI INVESTMENTS 30,606 32,022
    163 shares of SEMTECH CORPORATION 4,248 4,719
    186 shares of SILGAN HOLDINGS, INC. - COMMON STOCK 6,187 7,726
    86 shares of SIRONA DENTAL SYSTEMS INC 4,023 5,544
    146 shares of SKYWORKS SOLUTIONS, INC 3,054 2,964
    55 shares of SMITH A O CORP DEL COM 2,251 3,469
    716 shares of SOFTBANK CP UNSP ADR 13,645 12,995
    189 shares of SSC TECHNOLOGIES INC 4,751 4,364
    173 shares of STARWOOD HOTELS RESORTS 8,294 9,923
    1514 shares of STERLITE INDUSTRIES INDIA LTD 11,041 13,036
    368 shares of SUNCOR ENERGY INC 10,571 12,137
    108 shares of TELEFLEX INC. 5,419 7,701
    278 shares of TELENOR ASA S/ADR 14,077 16,886
    413 shares of TENCENT HOLDINGS LIMITED 8,551 13,269
    600 shares of TEXAS INSTRUMENTS INC. 18,187 18,534
    207 shares of TIFFANY CO, 11,943 11,869
    249 shares of TOWER GROUP INC 5,674 4,430
    431 shares of TOYOTA MTR CORP 31,852 40,190
    206 shares of TRW AUTOMOTIVE HOLDINGS CORP 7,207 11,044
    317 shares of UNITED PARCEL SERVICE 22,560 23,372
    179 shares of UNITED RENTALS INC 5,650 8,148
    46 shares of VALMONT INDUSTRIES INC 3,888 6,281
    170 shares of VARIAN MEDICAL SYSTEMS INC 11,982 11,941
    181 shares of VERINT SYSTEMS INC. 5,519 5,314
    357 shares of VISA INC 31,217 54,113
    66 shares of WALT DISNEY HOLDINGS CO. 1,916 3,286
    107 shares of WATSON WYATT CO. HOLDINGS 5,364 6,014
    79 shares of WD-40 COMPANY 3,504 3,722
    286 shares of WEBSTER FINL CORP 6,400 5,877
    996 shares of WELLS FARGO CO. 29,934 34,043
    112 shares of WESCO INTL INC 4,400 7,552
    25 shares of WEST PHARMA SVCS INC 1,101 1,369
    86 shares of WOLVERINE WORLDWIDE 3,189 3,524
    284 shares of WOODSIDE PETROL LTD ADR 11,959 10,150
    391 shares of WORLEY PARSONS LTD 11,534 9,509
    2754 shares of XSTRATA PLC UNSP/ADR 8,722 9,419
    413 shares of ZIMMER HOLDINGS INC 25,079 27,531

    TY 2012 InvestmentsOtherSchedule2
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OCONNOR FUND OF FUNDS MULTI-STRATEGY   150,000 152,094

    TY 2012 OtherExpensesSchedule
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 16,449     16,449
    Bank Charges 860 860    
    State or Local Filing Fees 1,000     1,000


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 36,188 36,188    


    TY 2012 TaxesSchedule
    Name:
    The Geoffrey and Lynne Picard Family Foundation
    EIN: 77-0472664
    Software ID:12000057
    Software Version:12.18.605.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2012 3,000      
    Foreign Tax Paid 1,827 1,827    
    IRS Excise Tax Payment with 1st ext 990-PF 3,281