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Return of Private Foundation OMB No 1545-0052 Form 990 -PF Or Section 4947 ( A)(1) Nonexempt Charitable Trust ` Treated As a Private Foundation 2010 Note

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Return of Private Foundation OMB No 1545-0052 Form 990 -PF Or Section 4947 ( A)(1) Nonexempt Charitable Trust ` Treated As a Private Foundation 2010 Note l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93491318016681 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947 ( a)(1) Nonexempt Charitable Trust ` Treated as a Private Foundation 2010 Note . The foundation may be able to use a copy of this return to satisfy state reporting requirements Department of the Treasury Internal Revenue Service For calendar year 2010 , or tax year beginning 01 - 01-2010 , and ending 12-31-2010 G Check all that apply r'Initial return r'Initial return of a former public charity r'Final return FA mended return r'Address change r'Name change Name of foundation A Employer identification nu JOHN S AND JAMES L KNIGHT FOUNDATION 65-0464177 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite is ieiepnone numoer (see page iu or the instructions) 200 South Biscayne Blvd 3300 Wachovia Financial Center (305) 908-2600 City or town, state, and ZIP code C If exemption application is pending, check here Iii. F Miami, FL 331312349 D 1. Foreign organizations, check here (- H Check type of organization I' Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, r- check here and attach computation Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation 3 Accounting method F Cash F Accrual E If private foundation status was terminated I Fair market value of all assets at end un d er sect ion 507 ( b )( 1 )( A), c h ec k h ere F o f y e a r (from Part I I, col. (c), O the r (specify ) F If the foundation is in a 60-month termination line 16)x$ 2,137,010,922 (Part I , column (d) must be on cash basis.) under section 507(b)(1)(B), check here Iii- F (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and (b) Net investment (c) Adjusted net for charitable total of amounts in columns (b), (c), and (d) may not expenses per income income purposes necessenly equal the amounts in column (a) (see page 11 of books the instructions) ) (cash basis only) 1 Contributions, gifts, grants, etc , received (attach schedule) 2,000,000 2 Check 1111 F_ if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities. 30,821,407 48,317,446 5a Gross rents . b Net rental income or (loss) cp 6a Net gain or (loss) from sale of assets not on line 10 79,474,812 b Gross sales price for all assets on line 6a 3,408,372,084 75 7 Capital gain net income (from Part IV, line 2) 59,152,918 co 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) 23,032 -8,794,079 12 Total . Add lines 1 through 11 . 112,319,251 98,676,285 13 Compensation of officers, directors, trustees, etc 2,601,592 205,544 2,359,775 14 Other employee salaries and wages 4,114,237 184,058 3,897,698 In 10 15 Pension plans, employee benefits . 2,044,734 108,542 1,917,037 16a Legal fees (attach schedule) . 428,068 86,815 0 325,934 b Accounting fees (attach schedule) . 239,993 196,998 0 8,232 W co c Other professional fees (attach schedule) . 6,952,148 5,115,854 933,496 4^ 17 Interest C5 18 Taxes (attach schedule) (see page 14 of the instructions) 3,176,271 744,224 19 Depreciation (attach schedule) and depletion ;1 20 Occupancy . 984,262 52,610 922,368 21 Travel, conferences, and meetings . 1,291,012 82,970 1,193,401 C5 22 Printing and publications . 89,656 4,201 84,714 23 Other expenses (attach schedule) . 10,284,517 789,003 8,723,456 Cs 24 Total operating and administrative expenses. Add lines 13 through 23 . 32,206,490 7,570,819 0 20,366,111 25 Contributions, gifts, grants paid . 79,426,267 97,029,233 26 Total expenses and disbursements . Add lines 24 and 25 111,632,757 7,570,819 0 117,395,344 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 686,494 b Net investment income (if negative, enter -0-) 91,105,466 c Adjusted net income (if negative, enter -0-) . For Privacy Act and Paperwork Reduction Act Notice , see page 30 of the instructions . Cat No 11289X Form 990-PF (2010) Form 990-PF (2010) Pane 2 Attached schedules and amounts in the description column Beginning of year End of year B a l ance Sheets should be for end-of- year amounts only (See instructions ( a) Boo k Va l ue ( b ) Boo k Va l ue ( c) Fair M ark et Va l ue 1 Cash-non - interest-bearing . 2 Savings and temporary cash investments . 54,516,152 76,215,337 76,215,337 3 Accounts receivable ► Less allowance for doubtful accounts Oil 4 Pledges receivable ► Less allowance for doubtful accounts Oil 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) 111111 Less allowance for doubtful accounts Oil 8 Inventories for sale or use . 9 Prepaid expenses and deferred charges . 10a Investments - U S and state government obligations ( attach schedule ) 148,970,901 129,494,546 129,494,546 b Investments - corporate stock ( attach schedule ) . 558,321,31 0 657,955,296 657,955,296 c Investments - corporate bonds ( attach schedule). 96,687,42 3 64,020,225 64,020,225 11 Investments - land, buildings, and equipment basis Oil Less accumulated depreciation ( attach schedule) ► 12 Investments - mortgage loans . 13 Investments-other ( attach schedule ) . 1,145,736,161 1,231,307,550 1,231,307,550 14 Land, buildings , and equipment basis Oil Less accumulated depreciation ( attach schedule) ► 15 Other assets (describe Ilk- ) 6,389,735 -21,982,032 -21,982,032 16 Total assets ( to be completed by all filers-see the instructions Also, see page 1, item I ) 2,010,621,682 2,137,010,922 2,137,010,922 17 Accounts payable and accrued expenses . -139,205 0 18 Grants payable . 176,339,562 159,320,358 19 Deferred revenue . co 20 Loans from officers, directors , trustees , and other disqualified persons 21 Mortgages and other notes payable ( attach schedule) 22 Other liabilities ( describe O ) -380,328 3,783,520 23 Total liabilities ( add lines 17 through 22) 175,820,029 163,103,878 Foundations that follow SFAS 117, check here ' F and complete lines 24 through 26 and lines 30 and 31. w1 4) 24 U nrestricted . 1,834,801,653 1,973,907,044 25 Temporarily restricted a 26 Permanently restricted Foundations that do not follow SFAS 117, check here F- r_ and complete lines 27 through 31. U- 27 Capital stock , trust principal , or current funds . 28 Paid-in or capital surplus, or land, bldg , and equipment fund n 29 Retained earnings, accumulated income, endowment , or other funds 30 Total net assets or fund balances ( see page 17 of the instructions ) . 1,834,801,653 1,973,907,044 31 Total liabilities and net assets / fund balances ( see page 17 of the instructions ) . 2,010,621,682 2,137,010,922 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) . 1,834,801,653 2 Enter amount from Part I, line 27a . 686,494 3 Other increases not included in line 2 (itemize) 111 138,418,897 4 Add lines 1, 2, and 3 . 1,973,907,044 5 Decreases not included in line 2 (itemize) Oil 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 1,973,907,044 Form 990-PF (2010) Form 990-PF (2010) Page 3 Ca ital Gains and Losses for Tax on Investment Income ( b) How acquired (a) List and describe the kind ( s) of property sold (e g , real estate, (c) Date acquired ( d) Date sold P-Purchase 2-story brick warehouse , or common stock, 200 shs M LC Co mo , da y, r mo , da y, r ) D-Donation ( y ) ( y ) la See Additional Data Table b c d e ( f) Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss) (e) Gross sales price (or allowable ) plus expense of sale ( e) plus ( f) minus (g) a See Additional Data Table b c d e Complete only for assets showing gain in column ( h) and owned by the foundation on 12 / 31/69 ( I) Gains ( Col (h) gain minus (j) Adjusted basis ( k) Excess of col ( i) col (k), but not less than -0-) or ( i) F M V as of 12 / 31/69 as of 12/31/ 69 over col (j), if any Losses ( from col (h)) a See Additional Data Table b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If ( loss), enter - 0- in Part I, line 7 2 59,152,918 3 Net short - term capital gain or ( loss) as defined in sections 1222( 5) and (6) If gain, also enter in Part I, line 8, column ( c) (see pages 13 and 17 of the instructions) If (loss ), enter -0- in Part I, line 8 3 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? 1 Yes F No If "Yes, " the foundation does not qualify under section 4940 ( e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries (d) Base period years Calendar Distribution ratio Adjusted qualifying distributions Net value of noncharitable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2009 117,700,230 1,856,999,494 0 063382 2008 132,641,098 2,296,754,091 0 057752 2007 132,056,865 2,418,937,122 0 054593 2006 114,068,153 2,135,129,457 0 053424 2005 100,793,209 1,950,692,805 0 05167 2 Total of line 1, column (d) .
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