Return of Private Foundation 990-P F Form OMB No 1545-0052 or Section 4947( a)(1) Nonexempt Charitable Trust ^0 0 Treated as a Private Foundation Department of theTreasury Note . The foundation may be able to use a copy of this return to satisfy state reportin g requirements Internal Revenue Service , 201 0 , and ending For calendar year 2010 , or tax year beginning G Check all that apply: FOREMOST 26-6762017 FOUNDATION Number and street (or P.O box number if mail is not delivered to street address ) EAST 60 42ND STREET, SUITE B Telephone number (see page 10 of the instructions) Room /suite (877) 2212 1. Foreign organizations , check here D NY 10165 of year (from Part ll, col. (c), line $ 85% test, check here and attach . . . . . . . computation 17,000,185. ----- F 1 Contnbuhon,_s, _ g^ efts, grants , etc ,received ( attach schedule ) 2 I I f the foundation is not required to Check 111'. LJ attach Sch B . . . . . . . . . Interest on savings and temporary cash investments under section 507(b )( 1)(B), check here . (b) Net investment income (c) Adjusted net income 17,0 0 0,0 0 0 . 185 . 185. -ATCH".1 Dividends and interest from secunties 5a Gross rents . . . . . . . . . . . . . . . . . - b Net rental income or ( loss) = _ - = - _ - Y^^^""'= 6a Net gain or ( loss) from sale of assets not on line 10 b Gross sales price for all assets on line 6a w a) 01 (d ) Disbursements for charitable purposes ( cash basis only) 4 a) . If the foundation is in a 60- month termination (Part 1, column (d) must be on cash basis.) (a) Revenue and expenses per books . If priva t e f ou n d a t ion s t a t us was i here . E )(1 )(A), check here . under suo507(b section ❑ Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ FUM Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessanly equal the amounts in column (a) (see page 11 of the instructions).) 3 . 2 Foreign organizations meeting the H Check type of organization : X Section 501( c 3 exempt private foundation Other taxable p rivate foundation 171 Section 4947 ( a ) 1 nonexem pt charitable trust Accrual J Accounting method. X Cash I Fair market value of all assets at end 6) 829-5500 If exemption application is pending , check here C City or town , state , and ZIP code NEW YORK, Final return A Employer identification number Name of foundation THE , 20 Initial return of a former public charity Address change Name change Initial return H Amended return 8 Capital gain net income (from Part IV, line 2) Net short term capital gain 9 Income modifications 7 - = . . . . . . . . . - 10a Gross sales less returns and allowances . . . . - - ' 4 - - - b Less Cost of goods sold cc 11 Z rn c Gross profit or (loss) (attach schedule) . . Other income (attach schedule) . . . . . . . Total . Add lines 1 throu g h 11 13 Compensation of officers, directors , trustees, etc . . 14 Other employee salaries and wages U) 15 '-G W 185. 17,000, 185 , 12 c i - -: . . . . . Pension plans, employee benefits . . . . . . a 16a Legal fees (attach schedule) . . . . , . . . . b Accounting fees (attach schedule) , , , , , , c Other professional fees (attach schedule) . . . fV y 17 Interest . . . . . . . . . . . . . . . . . . . 18 Taxes (attach schedule ) ( see page 14 of the instructions) Depreciation ( attach schedule) and depletion Occupancy . . . . . . . . . . . . . . . . Travel , conferences , and meetings . . . . . Printing and publications . . . . . . . . . , . , . E 23 Other expenses ( attach schedule ) , cc 24 o 0 25 Total operating and administrative expenses. Add lines 13 through 23 . . . . . . . . . . Contributions , gifts, grants paid . . . . . . . 0 26 Total expenses and disbursements Add lines 24 and 25 0 27 Subtract line 26 from line 12 E 19 20 -0 21 cc 22 a Excess of revenue over expenses and disbursements , b Net investment income ( if negative, enter -0-) - -' 17 , 0 0 0 r 18 5 0 '. 0 ' - - 185. 1 c Ad j usted net income ( if negative , enter -0- ) . For Paperwork Reduction Act Notice , see page 30 of the instructions. OE14101000 49088V_1_608 4 / 27 /2011 10031:08 AM _V 10-5.4 ISA - 0 Form 990-PF (2010) PAGE 1 26-6762017 Form 990 -PF (2010) ® Balance Sheets Attached schedules and amounts in the description column should be for end-o f -year amounts only (See instructions ) Cash - non-interest-bearing . . . . . . . . . .. . . . . . . . Savings and temporary cash investments . . . . . . . . . . . Accounts receivable ^ -----------------------Less allowance for doubtful accounts ^ - - - - - - - - - - - - Pledges receivable ^ -----------------------Less . allowance for doubtful accounts ^ - - ---- ---- -- 1 2 3 4 5 Grants receivable 6 Receivables due from officers , directors , trustees, and other Page 2 Beginning of year End of year (a) Book Value (b) Book Value 50,000. 16, 950, 185. 0. 0. (C) Fair Market Value 50 , 000 16, 950, 185, - _ - ,,,,,,,,,,,,,,,,,, disqualified persons ( attach schedule) (see page 15 of the instructions) y 7 Other notes and loans receivable (attach schedule) ^ Less allowance for doubtful accounts ^ 8 Inventones for sale or use 9 Prepaid expenses and deferred charges . . . . . . . . . . . . N Q 108 Investments - U S and state government obligations (attach schedule). b Investments - corporate stock (attach schedule) , , , , . . . . c Investments - corporate bonds (attach schedule), . . . . . . . Investments - land, buildings , ^ and equipment basis -----------------Less accumulated depreciation ^ ------------------(attach schedule) Investments - mortgage loans . . . . . . . . . . . . . . . . 12 11 13 Investments - other (attach schedule) , , , , , , , , , , , , , 14 Land , buildings, and ^ equipment basis -----------------accumulated depreciation ^ Less -------------------(attach schedule ) 15 16 Other assets ( describe ^ -------------------- ) Total assets ( to be completed by all filers - see the instructions Also, see page 1, item I ) . 17 18 Accounts payable and accrued expenses , Grants payable . . . . . . . . . . . . . . . . . . . . . . . W 19 - = '_ __.. d. '_ _= _ _.. = .. .. ' .' _ , -- -°T' 0. 17, 000, 185. 0. 0. 17, 000, 185 --- - 20 Loans from officers, directors, trustees, and other disqualified persons 21 22 Mortgages and other notes payable (attach schedule) , , , , , Other liabilities (describe ^ 23 Total liabilities ( add lines 17 through 22) . 0. m 26 Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . Temporarily restricted , , , , , , , , , , , , , , , , , , , Permanently restricted . . . . . . . . . . . . . . . . . . . Li 0 27 Foundations that do not follow SFAS 117, check here and complete lines 27 through 31. Capital stock , trust principal , or current funds U) 28 - . , _ _ - = - '- -- - ^ , 7 , 000 , 185. =`'k Paid-in or capital surplus, or land, bldg , and equipment fund UM) 29 Retained earnings, accumulated income, endowment , or other funds a 30 Total net assets or fund balances (see page 17 of the Z instructions ) ,,,,,,,,,,,,,,,,,,,, ,,,, 0 17,000,185 Total liabilities and net assets/fund balances (see page 17 of the instructions ) . 0. 17, 000, 185. 31 =; , 0. - Foundations that follow SFAS 117 , check here ^ and complete lines 24 through 26 and lines 30 and 31. 4) 24 coo 25 - Deferred revenue - - Anal sis of Chan ges 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) . . . . . . . . . . . . . . . . . . . . . . . . . 2 Enter amount from Part I , line 27a ...................................... 3 Other increases not included in line 2 ( itemize) ^ -----------------------------------4 Add lines 1 , 2, and3 5 Decreases not included in line 2 ( itemize ) ^ _ Part II , column (b ) , line 30 . . 6 Total net assets or fund bala n ces at end of ear line 4 minus Ilne 5 1 2 3 0 17,000,185 4 17,000,185 5 6 17, 000, 185 Form 990-PF (2010) JSA 0E1420 1 000 49088V 1608 4/2 Form 990 -PF (2010) FORM Ca ita l Gains and Losses for Tax on Investment Income 26-6762017 (a) List and describe the kind(s) of property sold (e g., real estate, Page 3 acquired 2-story brick warehouse, or common stock, 200 shs. MLC Co) Daton (c) Date acquired (mo., day, yr) (d) Date sold mo , day, yr ) 1a b c d e (g) Cost or other basis plus expense of sale (f) Depreciation allowed (or allowable) (e) Gross sales price (h) Gain or (loss) (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 0) Adjusted basis as of 12/31/69 (i) F M V as of 12/31/69 (I) Gains (Col (h) gain minus col. (k), but not less than -0-) or Losses (from col (h)) (k) Excess of col (I) over col 0), if any a b c d e If gain, also enter in Part I, line 7 { If (loss), enter -0- in Part I, line 7 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. 2 Capital gain net income or (net capital loss) } 2 } 3 Qualification Under Section 4940 ( e) for Reduced Tax on Net Investment Income JiMM (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 Fnter the the (a) annrnnnate int in narh rnli (b) imn fnr. oanh ...._. .._ amni ... ...... ...-.... %J J_ Base r period years Calendar yea r ( or tax year beginning in ) Adjusted 4 ual ^ n 9 distributions Yes M No r can nano I A of (c) tha inctri v4..,nne mnlr,nn cinv .. hofnrn ....,.,,.y .,. onfrine (d) 1 1 -- n Distribution ratio (col (b) divided ded by col (c)) Net value of noncharitable-use assets 2009 2008 2007 2006 2005 2 Total of line 1, column (d) 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 , , , , , , , , , , , 2 4 Enter the net value of nonchantable-use assets for 2010 from Part X, line 5 4 5 Multiply line 4 by line 3 5 6 Enter 1 % of net investment income (1 % of Part I, line 27b ) 7 Add lines 5 and 6 8 Enter qualifying distributions from Part XII, line 4 8 If line 8 is equal to or greater than line 7, check the box in Part VI. line 1b, and complete t hat D art usina a 1% tax rate. See the Part VI instructions on page 18 3 . . . . . . . . . , , . . . . . 3 6 7 JSA OE1430 1 000 Form 990-PF (2010) 49088V 1608 4/27/2011 10:31:08 AM V 10-5.4 PAGE 2 6- 67 62 017 Form 990 - PF(2010 ) Page 4 Excise 4940 li^ Tax Based on Investment Income ( Section (a), 4940 (b), 4940(e), or 4948 - see page 18 of the instructions) 1 a Exempt operating foundations described in section 4940(d)(2), check here and enter 'N/A' on line 1 ^ . . Date of ruling or determination letter ------------ (attach copy of ruling letter if necessary - see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check 4. 1 here 1110- ❑ and 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-) 3 4 Add lines 1 and 2 . . , Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) , . . 5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0. . . . . . . . . . . . . . 6 Credits/Payments 6a a 2010 estimated tax payments and 2009 overpayment credited to 2010 , , , , 6b 0 b Exempt foreign organizations-tax withheld at source 0. 6c c Tax paid with application for extension of time to file (Form 8868). . . . . . . d Backup withholding erroneously withheld , , , , , , , , , , , , , , 2 0. 5 4 - 6d 7 Total credits and payments. Add lines 6a through 6d . . . . . 8 Enter any penalty for underpayment of estimated tax Check here 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ^ 9 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid , , , , , , , , Enter the amount of line 10 to be Credited to 2011 estimated tax ^ Refunded ^ 10 10 11 4. 3 4 . . . . . . . . . . . . . . . . . . . . 7 ❑ if Form 2220 is attached . . . . . . . 8 0. 4. 11 Statements Re g arding Activities 1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign'? , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 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)? Yes , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1a No X 1 b X 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? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundation , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1c b = _ - (2) On foundation managers ^ $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers ^ $ Has the foundation engaged in any activities that have not previously been reported to the IRS? , , , , , , , , , , , , , 2 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 3 incorporation, or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes , , , , , , , , , , , 4a Did the foundation have unrelated business gross income of $1,000 or more during the year'? , , , , , , , , , , , , , , , 5 Xy - 2 X >- - - 3 4a If 'Yes,' has it filed a tax return on Form 990 -T for this year? , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 4b Was there a liquidation, termination, dissolution, or substantial contraction during the year? , , , , , , , , , , , , , , , 5 X X X 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 7 - conflict with the state law remain in the governing instrument? , , , , • • , , , , , , , , , , , , , , , , , , , , , , , , 6 Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part II, col (c), and PartXV 7 8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the NY, instructions) ^ ------------------------------------------------------------------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 . . . . . . . . . . . . . . . . . 9 X X - 8b Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3) or , X " 49420)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on page 27)' If "Yes,"complete PartXIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their names and addresses . . . . . . . . . . . . . . . • . • . . . . _ _ - - - - _ - - - _ - - 9 10 X Form 990-PF (2010) JSA OE 1440 1 000 49088V 1 608 4/27/2011 10:31:08 AM V 10- 5.4 PA GE 4 26-6762017 Form 990-4 (2010) Page 5 Statements Reg ardin g Activities (continued) 11 12 13 At anytime 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) . . . . . . . . . . . . . . . . . . Qid the foundation acquire a direct or indirect interest in any applicable insurance contract before 11 August 17, 2008? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? . . . . . Website address ^ --___N/A 13 X X X ------------------------------------------------------------------The books are in care of Telephone no 60 EAST 42ND STREET 2212 NEW YORK SUITE NY 10165 Locatedat ------------------------------ ------------------ - - - - - - - ZIP+4 ^ 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here . . . . . . . . . . . . . . and enter the amount of tax-exempt interest received or accrued during the year . . . . . . . . . . . . . . . . . . ^ 15 16 At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority Yes No over a bank, secunties, or other financial account in a foreign country? . . . . . . . . . . . . . . . . . . . . . . . . . 16 X 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 forei gn count ry 0-ORMUM: Statements Re g ardin g Activities for Which Form 4720 Ma y Be Re q uired 14 File Form 4720 if any item is checked in the " Yes" column , unless an exception applies. 1 a 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? . . . . . . . . Yes No _ ❑ Yes No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a Yes X No . . . . . . . Yes X No . . . . . . . . Yes X No 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)? . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Yes No (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 ) . . . . . . . . . . . . . . . . f = ❑ Yes X No = b If any answer is 'Yes' to la(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 22 of the instructions)? . . . . ❑ • • • Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . c Did the foundation engage in a prior year in any of the acts described in 2 ^ 1 b _. - la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2010? . . . . . . . . . . . . . . . . . . . . . . . . . . • Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation defined in section 4942(1)(3) or 49420)(5)) 1C X a At the end of tax year 2010, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2010? . . . . . . . . . . . . . . . . . . . . . . . If "Yes,' list the years __--___ ❑ Yes ❑ No b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2) to all years listed, answer "No" and attach statement -see page 22 of the instructions) . . . . . . . . . . . . . . . . . . . . . . 2b c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here -------- 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 disqualified persons after May 26, in 2010 ❑ Yes No as a result of (1) any purchase by the foundation or 1969, (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in 2010 .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • , , 3b 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? . . . . . . . . b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its 4a X charitable p ur p ose that had not been removed from i eo p ard y before the first da y of the tax y ear be g innin g in 2010? . . 4b X Form 990-PF (2010) JSA 0E1450 1 000 49088V 1 608 4/27/2011 10: 31:08 AM V 10-5.4 Fbrm 990-PF 5a 26-6762017 Statements Regarding Activities for Which Form 4720 May Be Required (continued) Page 6 _ During .the year did the foundation pay or incur any amount to• (1) C arry on propaganda, or otherwise attempt to influence legislation (section 4945(e)) ? , , , , , , . Yes ❑ No . Yes Yes No E ]Yes O No Yes El No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drive? . . . . . . . . . (3) Provide a grant to an individual for travel, study, or other similar purposes ? _ , , , , , , , , , , (4) Provide a grant to an organization other than a charitable, etc, organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)' (see page 22 of the instructions) , , , , , , , (5) Provide for any purpose other than religious, chantable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals No b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions d escribed in Regulations section 53 4945 or in a current notice regarding disaster assistance (see page 22 of the Instructions)" - . . . 5b Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . ^ 0 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 s . . . . . . . . . . . . . . . . . . . if 'Yes, ° attach the statement required by Regulations section 53 4945-5(d). - '- - `❑ Y es 0 No ❑ Yes No - - - 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'? , , , , , , , 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? , E]Yes b If "Yes," did the foundation receive any proceeds or have any net income attributable to the transactions _ 6b X - No . 7b X Information About Officers , Directors , Trustees , Foundation Managers, H ighly Paid Employee s, and Contractors 1 List all officers . directors . trustees . foundation managers and their comnensation ( see nacre 22 of the instr uctionsl( b) Title, and average hours per week devoted to os^tion ( a ) Name and address ------------------------------------- (c) Compensation ( If not paid , enter -0- ATTACHMENT 2 (d) Contributions to employee benef it plans and deferred com p ensation (e) Expense account, other allowances -0- -0- ------------------------------------------------------------------------------------------------------------2 Compensation of five hiahest - paid emolovees ( ot her than those included on line 1 - see nacre 23 of the instructionsl. 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 . .^ Form 990 - PF (2010) JSA OE 1460 1 000 490 88V 1608 4/27/2011 10:31:08 AM V 10-5 . 4 PAGE 6 26-6762017 Form 990 - PF (2010) Information About Officers , Directors , Trustees , Foundation Managers , Highly Paid Employees, Page 7 and Contractors (continued) a rive nignest- pafa fnaepenaent contractors for protessionai services tsee pag e zs of the instructions ). IT none , enter "NUNS." (a) Name and address of each person paid more than $50, 000 (b) Type of service (c) Compensation --------------------------------------------------------NONE --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total number of others receivin g over $50,000 for p rofessional services . . . ^ NONE 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 1 2 Expenses N/A --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 3 ----------------------------------------------------------------------------------------------------------------------------------------------------- 4 --------------------------------------------------------------------------- • Summary of Program - Related Investments (see page 24 of the instructions) Amount Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 NONE ----------------------------------------------------------------------------------------------------------------------------------------------------2 ----------------------------------------------------------------------------------------------------------------------------------------------------- All other program- related investments See page 24 of the instructions 3 NONE --------------------------------------------------------------------------- Total . Add lines 1 throu g h 3 . ^ Form 990-PF (2010) JSA OE 1465 1 000 490 88V Form 990 -PF (2010) 26-6762017 Page 8 I:MW Minimum investment Return (All domestic foundations must complete this part. Foreign foundations, see page 24 of the instructions.) 1 a c d e 2 3 4 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposesAverage monthly fair market value of securities Average of monthly cash balances Fair market value of all other assets (see page 25 of the instructions) Total (add lines 1 a, b, and c) . . . . _ . Reduction claimed for blockage or other factors reported on lines 1 a and 1c (attach detailed explanation) le Acquisition indebtedness applicable to line 1 assets ............................ 1 Subtract line 2 from line 1d .................................... Cash deemed held for charitable activities. Enter 1 1 /2 % of line 3 (for greater amount, see page 25 of the instructions) . ... .... . .. ....... .. ... Net value of noncharitable- use assets . Sub ubtract ' tract 'line 4 from line 3 Enter here and on Part V, line 4 Minimum investment return . Enter 5% of line 5 5 6 1d 08, 341. 0. 7 08, 34 1. 2 3 0. 708,341. 4 5 10 , 625. 697,716. 6 34,886. LEM Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here ^ and do not complete this part.) 1 Minimum investment return from Part X, line 6 . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . 34,886. 2a Tax on investment income for 2010 from Part VI, line 5 b Income tax for 2010. (This does not include the tax from Part VI.) c Add lines 2a and 2b . . . . 3 Distributable amount before adjustments. Subtract line 2c from line 1 3 34,882. 34,882. 2a 4. 2b - 4. 2c . . . . . . . . . . . . . . . . . . 4 5 Recoveries of amounts treated as qualifying distributions . . . . . . . . . . . . . . . . . . . . Add lines 3 and 4 .............................................. 4 5 6 7 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, 6 line 1 7 34,882. Qualifying Distributions (see page 25 of the instructions) 1 a b 2 3 a b Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 . . . . . . 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) 1a 1b 0. 0. 2 0. 3a 3b 0. 0. 4 0. 4 Qualifying distributions . Add lines 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1 % of Part I, line 27b (see page 26 of the instructions) . . . . . . . . . . . . . . 6 Adjusted qualifying distributions. Subtract line 5 from line 4 0. 6 Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when cal culati ng whether the foundation qualifies for the section 4940(e) reduction of tax in those years . . . . . . 5 N/A Form 990-PF (2010) JSA 0E1470 1 000 49088V 1608 4 /27/2011 10:31:08 AM V 10-5.4 Form 990-PF (2010) 26-6762017 Page 9 FOMM Undistributed Income (see page 26 of the instructions) 1 (b) Years prior to 2009 (a) Corpus Distributable amount for 2010 from Part XI, (c) 2009 (d) 2010 Ime7 .. . .. . . . .. . . . . . . 34, 682. Undistributed income , if any, as of the end of 2010 2 a Enter amount for 2009 only , , , 07 ,20 06 Total for b prior years. 20 08 ,20 3 Excess distributions carryover, if any, to 2010 a - 0. --_ - From 2005 "- •- - ''• = b From 2006 c From 2007 = d From 2008 e From 2009 f Total of lines 3a through e , , , , , , , , 4 0 0. Qualifying distributions for 2010 from Part XII, line 4 ^ $ 0 a Applied to 2009, but not more than line 2a 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 2010 distributable amount , , , , e Remaining amount distributed out of corpus 0. Excess distributions carryover applied to 2010 0. 5 = - _ 0. (If an amount appears in column (d), the same amount must be shown in column (a)) 6 Enter the net total of each column as indicated below: 0. 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 77 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 2009 Subtract line 4a from line 2a Taxable amount - see page 27 of the instructions . . . . . . . . . . . . . f _ Undistributed income for 2010 Subtract lines 4d and 5 from line 1 This amount must be - 0. _ • - distributed in 2011 7 34,882 . 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) . . . . . . . . Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) . . . . . . . . . . . . . . . . . . Excess distributions carryover to 2011. 8 9 - - V _ - - 0. Subtract lines 7 and 8 from line 6a 10 Analysis of line 9 a Excess from 2006 . . b Excess from 2007 . . . c Excess from 2008 . . d Excess from 2009 • . e Excess from 2010 - - - - • - 0 . = Form 990-PF (2010) JSA OE 1480 1 000 49088V 1608 4/2 7/20 11 10:31:08 AM V 10-5 .4 PAGE 9 26-6762017 . Page "10 NOT APPLICABL Private O peratin g Foundations ( see p a g e 27 of the instructions and Part VII-A, q uestion 9 If the foundation has received a ruling or determination letter that it is a private operating ^ foundation, and the ruling is effective for 2010, enter the date of the ruling 49420)(3) or Check box to indicate whether the foundation is a private operating foundation described in section 4942(j)(5) Form 990-PF'(2010) 1a b 2a Enter the lesser of the ad- justed net income from Part I or the minimum investment return from Part X for each year listed . . . b 85% of line 2a C Qualifying distributions from Part (a) 2010 (e) Total (b) 2009 (c) 2008 (d) 2007 . . . . . XII, tine 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 Prior 3 years Tax year Complete 3a, b, or c for the alternative test relied upon a 'Assets' alternative test - enter (1) b value of all assets . . . (2) value of assets qualifying under section 49420)(3)(13)(1) . . . . . 'Endowment' alternative testenter 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). . . . . from general (2) Support public and 5 or more exempt organizations as provided in section 4942 tX3)(B)(u4 . . . . . . (3) Largest amount of support from an exempt organization , , , , , (4) Gross investment income . 10M7M. 1 a Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year - see page 28 of the instructions.) Information Regarding Foundation Managers: List 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).) N/A b List 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. N/A Information Regarding Contribution , Grant, Gift, Loan , Scholarship , etc., Programs: 2 Check here ^ ❑ 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. a The name, address, and telephone number of the person to whom applications should be addressed: N/A b The form in which applications should be submitted and information and materials they should include. N/A c Any submission deadlines: N/A d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions, or other factors N/A Form 990-PF (2010) Js"1 OE 1490 000 49088V 1608 4/27/2011 10:31:08 AM V 10-5.4 PAGE 10 26-6762017 Form 990-PF (2010) ORTM. Supplementary Information (continued) Z Page 11 Grant-- anri Cnntrihritinnc Paid During the Year or Anoroved for Future Payment Recipient Name and address (home or business) a - Paid during the year Total It recipient is an indr dual , show any relationship to ntial manager r y an ttaantial contnbutor o r subbs s Foundation status of recipient Purpose of grant or Amount contribution ................................................. 00 3a b Approved for future payment 3bI Total Form 990-PF (2010) JSA 0E1491 1 000 49088V 1608 4/27/2011 10:31:08 AM V 10-5.4 PAGE 11 26-6762017 Form 990-PF (2010) Page 12 JUfflaffl M_, Analysis of Income-Producing Activities Unrela ted business income (b) (a) Enter gross amounts unless otherwise indicated Busi n ess code Program service Amount Excluded b section 512, 513, or 514 (c) (d) Exclusion code amount (e) R e l a t e d or exemot function income See page 28 of he instructions a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments , , , , , 14 3 Interest on savings and temporary cash investments 185. 4 Dividends and interest from securities 5 Net rental income or (loss) from real estate a Debt-financed property , , , , , , , , , , b Not debt-financed property , , , , , , , , 6 Net rental income or (loss) from personal property 7 Other investment income 8 Gain or (loss) from sales of assets other than inventory 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) , . . . - 185 . : , 13 Total. Add line 12, columns (b), (d), and (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 185. (See worksheet in line 13 instructions on page 29 to verify calc ulations ) Line No. Relationship of Activities to the Accomplishment of Exempt Purposes 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 page 29 of the instructions.) Form 990-PF (2010) JSA OE 1492 1 000 49088V 1608 4/27/2011 10:31:08 AM V 10-5.4 - - PAGE 12 26-6762017 Form 990-PF (2010) Page 13 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 1 in- section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political Yes No _ organizations a Transfers from the reporting foundation to a nonchantable exempt organization of. X (1) Cash ....................................................... 1a1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a(2) b Other transactions(1) Sales of assets to a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b(l ) (2) Purchases of assets from a nonchantable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b(2) (3) Rental of facilities, equipment, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 3 (2) Other assets (4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X X X 1b 4 X (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 5 (6) Performance of services or membership or fundraising solicitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 6 X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees d If the answer to value of the OE1, X any of goods, other the above assets, is 'Yes,' or services complete given the by the . . . . . . . . . . . . . . . . . . . . . . . . following reporting schedule Column foundation If the (b) should foundation always received show X 1c X the fair market less than fair market Schedule of Contributors OMB No 1545-0047 ^ Attach to Form 990, 990-EZ, or 990-PF. 2010 Schedule B (Form 990, 990-EZ, or 990-PF) Department of the Treasury Employer identification number Name of the organization THE FOREMOST FOUNDATION 26-6762017 Organization type (check one): Filers of: Form 990 or 990-EZ Section: ❑ 501(c)( ) (enter number ) organization ❑ 4947( a)(1) nonexempt charitable trust not treated as a private foundation ❑ 527 political organization Form 990-PF ❑ 501(c)(3) exempt private foundation ❑ 4947( a)(1) nonexempt charitable trust treated as a private foundation ❑ 501(c )( 3) taxable private foundation Check if your organization is covered by the General Rule or a Special Rule. Note . Only a section 501 (c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions. General Rule ❑ For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor. Complete Parts I and It. Special Rules ❑ For a section 501 (c)(3) organization filing Form 990 or 990-EZ that met the 331 /3 % support test of the regulations under sections 509 ( a)(1) and 170 ( b)(1)(A)(vl), and received from any one contributor, during the year , a contribution of the greater of ( 1) $5,000 or (2) 2% of the amount on (i) Form 990 , Part VIII, line 1 h or ( u) Form 990- EZ, line 1. Complete Parts I and II. ❑ For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor, during the year, aggregate contributions of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and III. ❑ For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor, during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did not aggregate to more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc , contributions of $5,000 or more during the year ............................................. ^ $ Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990, 990-EZ, or 990-PF), but it must answer "No" on Part IV, line 2 of its Form 990, or check the box on line H of its Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF). For Paperwork Reduction Act Notice , see the Instructions for Form 990 , 990-EZ , or 990- PF. Schedule B (Form 990, 990-EZ, or 990-PF) (2010) JSA 0E12511000 49088V 1608 4/27/2011 10 :31:08 AM V 10-5.4 PAGE 14 Schedule B ( Form 990 , 990-EZ , or 990 -PF) (2010) Page of of PartName of organization THE FOREMOST FOUNDATION Employer identification number 26-6762017 Contributors (see instructions) (a) (b) No. Name, address , and ZIP + 4 -- 1- FOREMOST HOLDINGS CORPORATION ------------------------------------------ 60 EAST 42ND STREET; - - STE 2212 (c) (d) Aggregate contributions Type of contribution Person Payroll $ -17,000,000. (Complete Part II If there is a noncash contribution.) NEW YORK, NY 10165-6232 -----------------------------------------(a) No. (b) Name , address , and ZIP + 4 --- - ------------------------------------------ Noncash (c) Aggregate contributions (d) Type of contribution Person Payroll ------------------------------------------ $ ---------------- Noncash (Complete Part II if there is a noncash contribution.) -----------------------------------------(a) (b) (c) (d) No. Name , address , and ZIP + 4 Aggregate contributions Type of contribution ---- ------------------------------------------ Person Payroll ------------------------------------------ $ ---------------- Noncash (Complete Part II if there is a noncash contribution ) -----------------------------------------(a) (b) (c) (d) No. Name , address , and ZIP + 4 Aggregate contributions Type of contribution ---- ------------------------------------------ Person ------------------------------------------ Noncash Payroll $ ---------------- (Complete Part II if there is a noncash contribution.) -----------------------------------------(a) (b) (c) (d) No. Name, address, and ZIP + 4 Aggregate contributions Type of contribution ---- ----------------------------------------------------------------------------------- Person $ ---------------- Payroll Noncash (Complete Part II if there is a noncash contribution.) -----------------------------------------(a) (b) (c) (d) No. Name , address, and ZIP + 4 Aggregate contributions Type of contribution ---- ----------------------------------------------------------------------------------- ------------------------------------------ Person Payroll $ ---------------- Noncash (Complete Part II if there is a noncash contribution.) Schedule B (Form 990 , 990-EZ , or 990-PF) (2010) JSA 0E1253 1 000 4908 8V 26-6762017 THE FOREMOST FOUNDATION ATTACHMENT 1 FORM 990PF, PART I - INTEREST ON TEMPORARY CASH INVESTMENTS DESCRIPTION REVENUE AND EXPENSES PER BOOKS JPMORGAN 00000295052326 TOTAL NET INVESTMENT INCOME 185. 185. 185. 185. ATTACHMENT 1 49088V 1608 4/27/2011 10:31:08 AMV 10-5.4 PAGE 16 26-6762017 THE FOREMOST FOUNDATION FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES TITLE AND AVERAGE HOURS ANGELA CHAO C/O 60 EAST 42ND STREET, NEW YORK, NY 10165 CHRISTINE CHAO C/O 60 EAST 42ND STREET, NY PER WEEK DEVOTED TO POSITION NAME AND ADDRESS NEW YORK, ATTACHMENT 2 TRUSTEE SUITE 2212 TRUSTEE SUITE 2212 10165 MICHAEL LEE C/O 60 EAST 42ND STREET, NEW YORK, NY 10165 TRUSTEE SUITE 2212 GRAND TOTALS ATTACHMENT 2 49088V 1608 4/27/2011 10:31:08 AMV 10-5.4 PAGE 17