OMB No 1545.0052 Forril 990-PF Return of Private Foundation • or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 2008 Department of the Treasury Note : The foundation may be able to use a copy of this return to satisfy state Intern a l Reve nue Service (77) reporting requirements or tax , 2008, and endin g For calendar year 2008, year beginning G Check all that a pp ly Initial return Final return Amended return Address change Name chan ge Employer identification number Use the A IRS label . Colcom Foundation 31-1479839 Otherwise , 603 Stanwix Street #1800 B Telephone number (see the instructions) print Pittsburgh, PA 15222-1442 or type . 412-765-2400 See Specific C If exemption application is pending, check here 01 Instructions. l1b. D 1 Foreign organizations , check here H H Check type of organization X Section 501(c)(3 exempt private foundation 2 Foreign organizations meeting the 85% test, check q Section 4947 (a)( 1 ) nonexem pt chartable trust Other taxable p rivate foundation here and attach computation assets at of year Accounting Cash Accrual E If private foundation status was terminated I Fair market value of all end J method under section 507(b)(1)(A) , check here (from Part fl, column (c), line 16) Other (specify) Tax basis______F If the foundation is in a 60- month termination $ 331, 313, 485. (Part 1, column (d) must be on cash basis under section 507(b)(1)(B, check here I- F Revenue Part I Analysis of an d (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements Expenses (The total of amounts in expenses per books income income for charitable columns (b), (c), and (d) may not neces- purposes sarily equal the amounts in column (a) (cash basis only) (see the Instructions 1 Contributions , gifts, grants, etc , received (alt sch) 8 , 254 , 751. 2 Ck 1' if the foundn is not req to all Sch B 1-1 3 Interest on savings and temporary cash investments. N/A 4 Dividends and interest from securities 12 964 616. 12 , 964 , 616. 5a Gross rents b Net rental i ncome or (lass) R 6a Net gam/(loss ) from sale of assets not on line 10 -25 , 001,174. b Gross sales price for all E assets on line 6a V 7 Capital gain net i ncome (from Part IV, line 2) 0. E 8 Net short -term capital gain N Income U 9 modifications E 10a Gross sales less returns and allowances 0 CM) b Less Cost of (f) goods sold c Gross profit/(loss) (att sch) 11 Other income (attach schedule) o See Statement 1 -1 835,187. 12 Total . Add lines 1 throug h 11 -5 616 994. 12 964, 616. 13 Compensation of officers , directors, trustees, etc -/ U3, 2-/ . 44, 655 . 258f 620 . 14 Other employee salaries and wages 229 , 730 . 85 , 862 . 143 , 868 . 15 Pension plans, employee benefits 366, 233. 190 , 961. 175 , 272. A 16a Legal fees (attach schedule) See St 2 6 , 985. 4 , 148. 2 , 837 . D b Accounting fees (attach sch) See St 3 20 , 259. 12, 032. 8 , 227. ^j MN c Other prof fees (attach sch) See St 4 2, 577 035. 2 , 539 , 889. 37 , 146. P S1 17 Interest E T 18 Taxes (attach schedule) See Stmt 5 93, 740. R A 19 Depreciation (attach T T sch) and depletion 19, 970. 11,860. v 20 Occupancy 112 327. 66 , 711. 45 , 616. N G E 21 Travel, conferences, and meetings 24 , 796. 14 , 726. 10,0 70. AN E 22 Printing and publications, 1 , 023. 608. 415. D p 23 Other expenses (attach schedule)

NE See Statement 6 252 737. 219 134. 33 , 603. S 24 Total operating and administrative S expenses . Add lines 13 through 23 4 , 408 , 110. 3 , 590 , 586. 715 , 674. 25 Contributions , gifts, grants paid Part XV 24 , 932 600. 24 , 932 , 600. 26 Total expenses and disbursements. Add lines 24 and 25 29 340 710. 3 , 590 , 586. 25 , 648 , 274. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements -34 , 957 , 704. b Net investment income ( if negative , enter -0-) 9 f 3 7 4 0 3 0. C Adjusted net income ( if negative, enter -0 ) BAA For Privacy Act and Paperwork Reduction Act Notice , see the instructions. TEEA0504L 09/17/08 Form 990-PF (2008) c,,..,, oon_Pr i^nnQN C,-1 rnm Frnrnr`Iat i nn 31-1479839 Pane 2 Attached schedules and amounts in the description Beginning of year End of year Part II Balance Sheets column should be for end -of year amounts only (See instructions (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 84 , 763. 75- 1 987. 75 , 987. 2 Savings and temporary cash investments 27 994 437. 18 148 756. 18 148 756. 3 Accounts receivable _ _ _ 52 5 ,235 . Less: allowance for doubtful accounts ______1 , 034 , 669. 525 235. 525 , 235. 4 Pledges receivable ______allowance for doubtful accounts Less ► ------5 Grants receivable 6 Receivables due from officers, directors, trustees , and other disqualified persons (attach schedule ) (see the instructions) 7 Other notes and loans receivable (attach sch) ► _ S Less. allowance for doubtful accounts ► ------S 8 Inventories for sale or use E 9 Prepaid expenses and deferred charges T S 10a Investments - U S and state government obligations (attach schedule) 2 , 480 , 902. 1 , 685 , 035. 1 , 747 , 443. b Investments - corporate stock (attach schedule) 275 , 288 , 856. 245 511 805. 179 , 156 , 114. c Investments - corporate bonds (attach schedule) 117,177, 861. 122 544, 074. 103, 766, 472 . 11 Investments - land, buildings, and equipment: basis ► Less. accumulated depreciation (attach schedule) ► ------12 Investments - mortgage loans 13 Investments - other (attach schedule) Statement 7 30 684 803. 31 378 357. 27 725 718. 14 Land, buildings, and equipment: basis _ _ _ _ _ 99 X84 9 . Less accumulated depreciation (attach schedule) See Stmt 8 ► __ 5 2 ,55 0 . 67,269. 47,299. 47 , 299. 15 Other assets (describe See Statement 9 ) 120, 461. 120, 461. ► ------16 Total assets (to be completed by all filers - see instructions Also, see page 1, item I 454 813 560. 420 , 037 , 009. 331 313 485. L 17 Accounts payable and accrued expenses 101 052. 923 556. A 18 Grants payable 1 , 425 , 000. 4 , 132 , 500. B 19 Deferred revenue 641 351. LI 20 Loans from officers, directors, trustees, & other disqualified persons T 21 Mortgages and other notes payable (attach schedule) 1 22 Other liabilities (describe ► _ - _ _ _ ) S 23 Total liabilities (add lines 17 through 22) 2, 167, 403. 5, 056, 056. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. N F 24 Unrestricted E U T N 25 Temporarily restricted D 26 Permanently restricted A Foundations that do not follow SFAS 117, check here X S AB - th rough 3, ► E L T A 27 Capital stock, trust principal, or current funds 452 646 157. 414 980 953. S N 28 Paid-in or capital surplus, or land , building, and equipment fund O CE 29 Retained earnings, accumulated income, endowment, or other funds R S 30 Total net assets or fund balances (see the instructions) 452 , 646, 157. 414 , 980,953. 31 Total liabilities and net assetslfund balances see the instructions) 454 813 560. 420 , 037 , 009. Part III Analysis 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) 1 452 , 646 , 157. 2 Enter amount from Part I, line 27a 2 -34 , 957 , 704. 3 Other increases not included in line 2 (itemize) ► ______3 4 Add lines 1, 2, and 3 4 417 688 453. , 707 , 500. 5 Decreases not included in line 2 (itemize) ► See Statement 10 ______5 2 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b) , line 30 6 414 , 980 , 953. BAA TEEA0302L 09/17/08 Form 990-PF (2008) Form 990-PF (2008 Colcom Foundation 31-1479839 Page 3 Part IV Canital Gains and Losses for Tax on Investment Income (a) List and describe the kind (s) of property sold (e g ., real estate, (b) How acqui red (c) Date acquired (d) Date sold shares MLC Company) P - Purchase (month, day, year) (month , day, year) 2-story brick warehouse ; or common stock , 200 D - Donation 1a See Schedule Attached P Various Various b C d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a -25 , 001 , 174. b c d e Com p lete only for assets showin g g ain in column h and owned by the foundation on 12/31 /69 (1) Gains (Column (h) () Fair Market Value Q) Adjusted basis (k) Excess of column ( 1) gain minus column (k), but not less as of 12/31/69 as of 12/31 /69 over column (I), if any than -0-) or Losses (from column (h)) a -25 , 001 , 174. 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 - 25 , 001 , 174. 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 the instructions) If (loss), enter -0- ln Part I , line 8 3 -25 , 001 , 174. [ Part V Qualification Under Section4940(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. FLV_I Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes If 'Yes,' the foundation does not qualify under section 4940(e) Do not complete this part 1 Enter the aooroorlate amount in each column for each year , see the instructions before making any entries (a) b c (d) Base period years Adjusted qualifying distributions Net value of Distribution ratio Calendar year (or tax year noncharitable-use assets (column (b) divided by column (c)) beginning in) 2007 25 025 269. 490 984 168. 0.050970 2006 15 , 314 , 883 351 299 983. 0.043595 2005 4,995,372.- 74,440,177. 0.067106 2004 938 311. 18 905 630. 0.049631 2003 1 , 401 , 654. 18,134,398. 0.077293

2 Iota! of Bile 1, coiviiin (d) 2 0.288595

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years 3 0.057719

4 Enter the net value of noncharitable-use assets for 2008 from Part X, line 5 4 435 , 301 , 973.

5 Multiply line 4 by line 3 5 25,125,195.

6 Enter I% of net investment income (I% of Part I, line 27b) 6 93 , 740.

7 Add lines 5 and 6 7 25, 218, 935.

8 Enter qualifying distributions from Part XII, line 4 8 25 , 648 , 274.

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. BAA Form 990-PF (2008)

TEEA0303L 09/18/08 Form 990-PF 2008 Colcom Foundation 31-1479839 Page 4 Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948- see the instructions) 1 a Exempt operating foundations described in section 4940(dX2), check here '- Lj and enter 'N /A' on line 1. Date of ruling letter: _ _ _ _ - _ (attach copy of ruling letter if necessary - see instructions) bDomestic foundations that meet the section 4940(e) requirements in Part V, 1 93 , 740. check here "' Mand enter 11% 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, column (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0. 3 Add lines 1 and 2 3 93 , 740. 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0. 5 Tax based on investment income .Subtract line 4 from line 3. If zero or less, enter -0- 5 93 , 740. 6 Credits/Payments: a 2008 estimated tax pmts and 2007 overpayment credited to 2008 6a 198, 94 b Exempt foreign organizations - tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) 6c d Backup withholding erroneously withheld 6d 7 Total credits and payments. Add lines 6a through 6d 7 198 948. 8 Enter any penalty for underpayment of estimated tax. Check here X] if Form 2220 is attached 8 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed 9 0. 10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 0 105 , 208. 11 Enter the amount of line 10 to be Credited to 2009 estimated tax 111- 105,208. 1 Refunded 1 0.

Yes No 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? la X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see the instructions for definition) 1b X If the answer /s 'Yes' to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities c Did the foundation file Form 1120-POL for this year? 1cl X d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: (1) On the foundation W.$ 0. (2) On foundation managers W.$ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers $ 0. 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2I X 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 I X 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? b If 'Yes,' has it filed a tax return on Form 990-T for this year? 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 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? 7 Did the foundation have at least $5,000 in assets at any time during the year? If'Yes,' complete Part Il, column (c), and PartXV 8a Enter the states to which the foundation reports or with which it is registered (see the instructions) PA CA 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 X 9 Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3) or 49420)(5) for calendar year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)' If 'Yes,' complete Part XIV 9 X 10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their names 10 X BAA Form 990-PF (2008)

TEEA0304L 09/18108 Form 990-PF 2008 Colcom Foundation 31-1479839 Pa ge 5 Part VII-A Statements Regardin g Activities Continued 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 X 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008' 12 X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application' 13 X Website address 0,coicomfdn_ org - ______------14 The books are in care of Treasurer ______Telephone no 412-765-2400 ► ------► --- _ _ _ 4 ______Located at ► Foundation _address _on page_1 ______ZIP + ► 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here N/A "IT and enter the amount of tax-exempt interest received or accrued durin g the year " 15 N/A 'art VII- B Statements Regardin g Activities for Which Form 4720 May Be Re q uired File Form 4720 it any item is checked in the 'Yes' column , unless an exception applies. Yes No 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 XX No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? Yes X No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? X Yes M No (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)? 11 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 governmen t service, if termina ting wi th in 90 days.) F]Yes No b If any answer is 'Yes' to l a(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 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 1 a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 20087 1cl I X 2 Taxes on failure to distribute income (section 4942) (does not appl for years the foundation was a private operating foundation defined in section 4942(1)(3) or 4942p)(5)). a At the end of tax year 2008, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2008? El Yes No If 'Yes,' list the years 01 20 - , 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 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 01 20 , 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? n Yes a No

b If 'Yes,' did it have excess business holdings in 2008 as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969 • (21 the lapse of the 5-year period (or longer period annmved by the Commissioner under section 4943 (c)(7)) to disp ose of holdings acq uired 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 2008) 3b N A 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

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 beomnina in 2008' 4bl I X BAA Form 990-PF (2008)

TEEA0305L 01/02/09 Form 990-PF 2008 Colcom Foundation 31-1479839 Page 6 Part VII-B Statements Reg ardin g Activities for Which Form 4720 May Be Req uired (continued) 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))' Yes No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drive? Yes X No (3) Provide a grant to an individual for travel, study, or other similar purposes? Yes X No (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)7 (see instructions) Yes Xa No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? Yes No

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 N A Organizations relying on a current notice regarding disaster assistance check here 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? N/A E] Yes E] No 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 Yes q No b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X If you answered 'Yes' to 6b, also file Form 8870 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? Yes ZNo b If es, did the foundation receive any proceeds or have any net income attributable to the transaction? 7b N VA art Information About Officers, Directors, Trustees, Foundation Managers , Highly Paid Employees, and Contractors 1 List all officers . directors . trustees . foundation manaaers and their compensation (see instructions). (b) Title and average (c) Compensation (d) Contributions to (e) Expense account, paid benefit Name and address hours per week (If not , enter -0-) employee other allowances (a) devoted to position plans and deferred compensation ------See Statement -11 703 275. 183 161. 11 , 359. ------

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2 Cmmnensatinn of five hinhest-naid emninveec (other than those included on line 1- see instructions). It none. enter'NONE.' (a) Name and address of each employee (b) Title and average (c) Compensation (d) Contributions to (e) Expense account, cn 000 I.,..on benef t othe r allowances pad more than Jv,vuu hoIuuiJurs per Yrccn p^.,^.,., ., ..• devoted to position plans and deferred I compensation C. _Zagrocki -----_ _ _ Two Gateway Center, Suite 1800 Program Dir. Pittsburgh , PA 15222 40 68 , 475. 34 , 846. 0. B. -Rowan ------_ Two Gateway Center, Suite 1800 Office Manage Pittsburgh , PA 15222 40 71 , 555. 29 390. 0. ------

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Total number of other emp loyees paid over $50,000 0 QAA TEEA0306L 09118/08 form 99U-Pi, (LUUd) Form 990-PF (2008) Colcom Foundation 31-1479839 Page 7 Part VIII Information About Officers , Directors , Trustees , Foundation Managers , Highly Paid Employees, and Contractors (continued)

3 Five highest-paid independent contractors for professional services- (see instructions). If none, antpr'unNF (a) Name and address of each person paid more than $50,000 (b) Type of service c Compensation ------None

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Total number of others receiving over $50,000 for p rofessional services 0 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 Expenses organizations and other beneficiaries served, conferences convened, research papers produced, etc N/A 1 ------

2 ------

3 ------

4 ------

PartIX-B Summary of Program-Related Investments (see instructions)

Describe the two largest prog ram-related investments made by the foundation durin g the tax year on lines 1 and 2. Amount 1 N/A------

2 ------

All other program-related investments. See instructions 3 ------

Total. Add lines 1 through 3 1- 1 0. BAA Form 990-PF (2008)

TEEA0307L 09!18/08 Form 990-PF (2008) Colcom Foundation 31-1479839 Page 8 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 b Average of monthly cash balances c Fair market value of all other assets (see instructions) 11cl 66,299,382. dTotal (add lines la, b, and c) id 441.930.937. e Reduction claimed for blockage or other factors reported on lines 1a and lc (attach detailed explanation) I 1 e 0. 2 Acquisition indebtedness applicable to line 1 assets 2 0. 3 Subtract line 2 from line Id 3 441,930,937. 4 Cash deemed held for charitable activities. Enter 1-1/2% of line 3 (for greater amount, see instructions) 4 6,628,964. 5 Net value of noncharitable -use assets.Subtract line 4 from line 3. Enter here and on Part V, line 4 5 435 , 3 1973 . 6 Minimum investment return . Enter 5% of line 5 6 21 765 099. Part XI Distributable Amount (see instructions) (Section 49420)(3) and 0)(5) private operating foundations and certain forei g n organizations check here and do not complete this art. 1 Minimum investment return from Part X, line 6 1 21 765 099. 2a Tax on investment income for 2008 from Part VI, line 5 2a 93 , 740. b Income tax for 2008. (This does not include the tax from Part VI.) 2b c Add lines 2a and 2b 2c 93 , 740. 3 Distributable amount before adjustments Subtract line 2c from line 1 3 21 671 359. 4 Recoveries of amounts treated as qualifying distributions 4 5 Add lines 3 and 4 5 21 671 359. 6 Deduction from distributable amount (see instructions) 6 7 Distributable amountas adj usted. Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 21 671 359. 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 1a 25 , 648 , 274. b Program-related investments - total from Part IX-B 1 b 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 Ia through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 25 f 648 , 274. 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter I% of Part I, line 27b (see instructions) 5 93 , 740. 6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 25 , 554 , 534. Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating wheth er the foundation qualifies for the section 4940(e) reduction of tax in those years BAA Form 990-PF (2008)

TEEA0308L 01/02/09 Form 990-PF (2008) Colcom Foundation 31-1479839 Page 9 Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d) Corpus Years prior to 2007 2007 2008

1 Distributable amount for 2008 from Part XI, line 7 21 671 359. 2 Undistributed income, if any, as of the end of 2007 a Enter amount for 2007 only 0. b Total for prior years. 20 _ , 20 _ , 20 0. 3 Excess distributions carryover if any, to 2008. a From 2003 b From 2004 C From 2005 d From 2006 e From 2007 944 , 757. f Total of lines 3a through e 944 , 757. 4 Qualifying distributions for 2008 from Part XII, line 4: " $ 25,648,274. a Applied to 2007, but not more than line 2a. 0. b Applied to undistributed income of prior years (Election required - see instructions) 0. C Treated as distributions out of corpus (Election required - see instructions) 0. d Applied to 2008 distributable amount 2-1 , 671 , 359. e Remaining amount distributed out of corpus 3 , 976 , 915. 5 Excess distributions carryover applied to 2008 0. 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: a Corpus Add lines 3f, 4c, and 4e Subtract line 5 4 , 921 , 672. b Prior years' undistributed income. Subtract line 4b from line 2b 0. c Enter the amount of prior years' undistribut- ed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed 0. d Subtract line 6c from line 6b Taxable amount - see instructions 0. e Undistributed income for 2007 Subtract line 4a from line 2a Taxable amount - see instructions 0.

f Undistributed income for 2008. Subtract lines 4d and 5 from line 1. This amount must be distributa(f in 2009 0. 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170()(1)(F) or 4942(g)(3) (see instructions) 0. 8 Excess distributions carryover from 2003 not applied on line 5 or line 7 (see instructions) 0. 9 Excess distributions carryover to 2009. Subtract lines 7 and 8 from line 6a 4 , 921 , 672. 1 10 Analysis of line 9. a Excess from 2004 b Excess from 2005 c Excess from 2006 d Excess from 2007 944 , 757. e Excess from 2008 3, 976, 915. BAA Form 990-PF(2008)

TEEA0309L 09119/08 Form 990-PF (2008) Colcom Foundation 31-1479839 Page 10 Part XIV Private o perating Foundations (see instructions and Part VII-A q uestion 9) N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2008, enter the date of the ruling b Check box to indicate whether the foundation is a private operating foundation described in section 4942(j) (3) or 7 4942 0) (5) 2a Enter the lesser of the adjusted net Tax year Prior 3 years income from Part I or the minimum (a) 2008 (b) 2007 c 2006 (d) 2005 (e) Total investment return from Part X for each year listed b 85% of line 2a _ c Qualifying distributions from Part XI!, 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(I)(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(I)(3)(BxnQ (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 durina the year - see instructions.) 1 Information Regarding Foundation Managers: a 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) None

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 None

2 Information Regarding Contribution, Grant, Gift, Loan , Scholarship, etc, Programs: only makes rnntrihiit,nnc to p reseiected charitahln nrganIzatIo unso!:c:ted Check here ► if the foundation s and does not accept requests for funds. If the foundation makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d. a The name, address, and telephone number of the person to whom applications should be addressed

See Statement 12 b The form in which applications should be submitted and information and materials they should include

See Statement for Line 2a c Any submission deadlines

See Statement for Line 2a d Any restrictions or !imitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors

See Statement for Line 2a BAA TEEA0310L 09n9ioa Form 990-PF (2008) Form 990-PF 2008 Colcom Foundation 31-1479839 Page 11 Part XV Supplementary Information (continued) 3 Grants and Contributions Paid Durina the Year or AoDroved for Future Payment recipient is an individual, If Foundation Recipient show any relationship to Purpose of grant or any foundation manager or status of Amount recipient contribution Name and address (home or business) substantial contributor a Paid during the year Schedule attached Public see schedule 24,932,600.

Total 3a 24 932 600. b Approved for future payment Schedule attached Public 4,132,500.

Total 1` 3bl 4, 132, 500. BAA TEEA0501L 09/19108 Form 990-PF (2008) Form 990-PF (2008) Colcom Foundation 31-1479839 Page 12 Part XVI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated . Unrelated business income Excluded by section 512, 513, or 514 (a) (b) (c) (d) (e) Business Amount Exclu - Amount Related or exempt code sion function income 1 Program service revenue - code (see the instructions a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 14 12 , 964 , 616. 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 18 -25,001,174. 9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue: a Partnership s UBTI 211110 -1 , 835,187. b c d e 12 Subtotal Add columns (b), (d), and (e) -1,835,187. -12,036,558. 13 Total. Add line 12, columns (b), (d), and (e) 13 -13,871,745. (See worksheet in the instructions for line 13 to verify calculations.) Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

BAA TEEA0502L 09/19/08 Form 990-PF (2008) Form 990-PF 2008 Colcom Foundation 31-1479839 Page 13 PartXVII 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 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 X (2) Other assets la(2)1 X b Other transactions (1) Sales of assets to a noncharitable exempt organization 1b 1 X (2) Purchases of assets from a noncharitable exempt organization 1b 2 X (3) Rental of facilities, equipment, or other assets 1 b (311 1 X (4) Reimbursement arrangements (5) Loans or loan guarantees (6) Performance of services or membership or fundraising solicitations c Sharing of facilities, equipment, mailing lists, other assets, or paid employees

d If the answer to any of the above is 'Yes,' complete the foil schedule . Column (b) should always show the fair market value of the goods, other assets , or services given by the reporting tlon If the foundation received less than fair market value in any transaction or shanna arrangement . show in column (c ralue of the goods . other assets. or services received (a) Line no. I (b1 Amount Involved I (cl Name of noncharitable exemot organization I (d1 Descrlotlon of transfers. transactions. and shanna arrangements

2a Is the foundation directl y 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 Yes Q No b If 'Yes,' complete the following schedule. (a) Name of or anization b T e of or anization c Descrl tlon of relationshl N/A

Under penalties of erlury, I declare that I have exam ined th is return , includ ing accompanying schedules and statements , and to the best of my knowledge and belief , i t is true, correct, and complete Declaration of preparer (other than taxpayer or fiduciary ) is based on at ^ •-^ - • • • '- -^-^^•-• ^' ^^•• ^^••• - S 2 G Signature of officer or trustee N

N Preparer's ► E Paid Signature R Pre- Self-Prepared E Parees Firm's name (or Use yours if self- ► emptoyed), Only address, and ZIP code BAA OMB No 1545-0047 Schedule B (Form 990-EZ' Schedule of Contributors or90PF) ► Attach to Form 990, 990- EZ and 990-PF 2008 Department of the Treasury See separate instructions. Internal Revenue Service ► Name of the organization Employer Identification number Colcom Foundation 31-1479839 Organization type (check one): Filers of: Section: Form 990 or 990-EZ 501(c)( ) (enter number) organization 4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization

Form 990-PF X 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 - R For organizations 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 II )

Special Rules - For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33-1/3% support test of the regulations under sections 509(a)(1)/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 Form 990, Part VIII, line 1 h or 2% of the amount on Form 990-EZ, line 1. Complete Parts I and II For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $1000 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 Form 990-EZ, that received from any one contributor, during the year, some 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 $5,000 or more during the year) 0-$

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF) but they must answer 'No' on Part IV, line 2 of their Form 990, or check the box in the heading of their Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF). BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2008) for Form 990. These instructions will be issued separately.

TEEA0701 L 12/18/08 Schedule B(Form 990, 990-EZ, or 990-PF (2008) Pa ge 1 of 1 of Part I Name of brganizatlon Employer Identification number Colcom Foundation 31-1479839 Part I Contributors (see instructions.)

(a) (b) (c) (d) Number Name, address , and ZIP + 4 Aggregate Type of contribution contributions

1 Estate_of Cordelia_S._May------Person X Payroll Two Gateway Centers Suite 1800------$--- 7L 750i000_ Noncash P (Complete Part II if there Pittsburg PA_15222-1442 ___------_ is a noncash contribution.)

(a) (b) (c) (d) Number Name, address , and ZIP + 4 Aggregate Type of contribution contributions

2 John Pidgeon Annuity Trust______Person X Payroll Two Gateway CenterL Suite 1800______$ 5031136_ Noncash (Complete Part II if there Pittsburgh PA15222 -1442 ______is a noncash contribution )

(a) (b) (c) (d) Number Name, address, and ZIP + 4 Aggregate Type of contribution contributions

------Person Payroll ------$------Noncash (Complete Part II if there ------is a noncash contribution )

(a) (b) (c) (d) Number Name , address, and ZIP + 4 Aggregate Type of contribution contributions

------Person Payroll ------$------Noncash (Complete Part II if there _ ------is a noncash contribution ) ------(a) (b) (c) (d) Number Name, address, and ZIP + 4 Aggregate Type of contribution contributions

------Person Payroll ------$------Noncash (Complete Part II if there ------_ ------_ is a noncash contribution.)

(a) (b) (c) (d) Number Name, address, and ZIP + 4 Aggregate Type of contribution contributions

------Person Payroll $_-___------Noncash (Complete Part II if there ______is a noncash contribution )

BAA TEEA0702L 08/05108 Schedule B (Form 990, 990-EZ, or 990-PF) (2008) Schedule B orm 990, 990-EZ, or 990-PF (2008) Pa e 1 of 1 of Part II Name of organization Employer idenbfcatlon number Colcom Foundation 31-1479839 Part II Noncash Property (see instructions)

(a) (b) (C) (d) No. from Description of noncash property given FMV (or estimate Date received Part I (see instructions) N/A

(a) (b) (c) (d) No. from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

(a) (b) (c) (d) No. from Description of noncash property given FMV (or estimate Date received Part I (see instructions)

(a) (b) (C) (d) No. from Description of noncash property given FMV (or estimate Date received Part I (see instructions)

(a) (b) (C) (d) No. from Description of noncash property given FMV (or estimate Date received Part I (see instructions)

(a) (b) (c) (d) No. from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

BAA Schedule B (Form 990 , 990-EZ , or 990-PF) (2008)

TEEA0703L 08/05/08 or 990- of Part III Name of organization Employer Identification number Colcom Foundation 1 31-1479839 Part III Exclusively religious , charitable , etc, individual contributions to section 501(c)(7), (8), or (10) organizations aggregating more than $1,000 for the year.(Complete cols (a) through (e) and the following line entry) For organizations completing Part III, enter total of exclusively religious, charitable, etc, contributions of $1,000 or less for the year (Enter this information once - see instructions.) ' $ N/A (a) (b) (c) (d) No. from Purpose of gift Use of gift Description of how gift is held Part I N/A

(e) Transfer of gift Transferee 's name, address , and ZIP + 4 Relationship of transferor to transferee

(a) (b) (c) (d) No. from Purpose of gift Use of gift Description of how gift is held Part I

(e) Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

(a) (b) (C) (d) No. from Purpose of gift Use of gift Description of how gift is held Part I

(e) Transfer of gift Transferee 's name, address, and ZIP + 4 Relationship of transferor to transferee

(a) (b) (c) (d) No. from Purpose of gift Use of gift Description of how gift is held Part I

(e) Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

BAA Schedule B (Form 990 , 990-EZ, or 990-PF) (2008) TEEA0704L 04/01/08 2008 Federal Statements Page 1

Colcom Foundation 31-1479839

Statement 1 Form 990-PF, Part I, Line 11 Other Income

(a) (b) Net (c) Revenue I nvestment Adjusted per Books Income Net Income

Partnerships UBTI $ -1,835,187. Total $ -1,835,187.$ 0.$ 0.

Statement 2 Form 990-PF, Part I, Line 16a Legal Fees

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable Per Books Income Net Income Purposes Legal fees-compensation, governance, etc $ 6,985. $ 4,148. $ 2,837. Total $ 6,985. $ 4,148. $ 0. $ 2,837.

Statement 3 Form 990-PF, Part I, Line 16b Accounting Fees

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes Audit $ 20,259. $ 12,032. $ 8,227. Total $ 20,259. $ 12,032. $ 0. $ 8,227.

Statement 4 Form 990-PF, Part I, Line 16c Other Professional Fees

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes Accounting $ 150. $ 150. Grantmaking 9,157. $ 9,157. Investment management fees 2,539,739. 2,539,739. Public relations 27,989. 27 , 989. Total $ 2,577,035. 2,539,889. 0. 37,146. 2008 Federal Statements Page 2

Colcom Foundation 31-1479839

Statement 5 Form 990-PF, Part I, Line 18 Taxes

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes Federal excise tax $ 93 740. Total 93,740. 0. 0. 0.

Statement 6 Form 990-PF , Part I, Line 23 Other Expenses

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes Custody fees $ 169,989. $ 169,989. Insurance 7,292. 4,331. $ 2,961. Office expense 75 456. 44 , 814. 30 , 642. Total 252,737. 219,134. 0. 33,603.

Statement 7 Form 990-PF, Part II, Line 13 Investments - Other

Valuation Book Fair Market Method Value Value Other Investments Kayne Anderson MLP Mkt Val $ 12,733,006. $ 7,913,721. Kayne Anderson Energy Fund III Mkt Val 1,638,098. 2,571,113. Kayne Anderson Energy Fund IV Mkt Val 1,141,826. 1,633,709. Kayne Anderson Private Investors II Mkt Val 2,779,882. 3,049,147. PNC Equity Partners II Mkt Val 610,058. 566,140. Meakem Becker Mkt Val 697,882. 772,697. FLAG International Mkt Val 1,167,905. 928,394. FLAG Private Equity III Mkt Val 2,287,603. 1,565,816. FLAG VP VI Mkt Val 1,745,620. 1,427,508. Saturn Partners II Mkt Val 1,425,748. 2,634,906. Portfolio Advisors Private Equity V Mkt Val 820,870. 724,588. Regiment Capital Mkt Val 4,329,859. 3,937,979. Kayne Anderson CIP Mkt Val 0. 0.

Total 31,378,357. $ 27,725,718. 2008 Federal Statements Page 3

Colcom Foundation 31-1479839

Statement 8 Form 990-PF , Part II, Line 14 Land , Buildings, and Equipment

Accum. Book Fair Market Category Basis Deprec. Value Value Furniture and Fixtures $ 99,849. $ 52,5 50. $ 47,299. $ 47,299. Total $ 99,849. $ 52,550. $ 47,299. $ 47,299.

Statement 9 Form 990-PF, Part II, Line 15 Other Assets

Fair Market Book Value Value Prepaid taxes $ 120,461. $ 120,461. Total $ 120,461. $ 120,461.

Statement 10 Form 990-PF, Part III, Line 5 Other Decreases

Increase in grants payable $ 2,707,500. Total $ 2,707,500.

Statement 11 Form 990-PF, Part VIII, Line 1 List of Officers , Directors , Trustees, an d Key Employees

Title and Contri- Expense Average Hours Compen- bution to Account/ Name and Address Per Week Devoted sation EBP & DC Other J. Rohe VP-Philanthropy $ 179,875. $ 61,534. $ 2,029. Two Gateway Center 0 Pittsburgh, PA 15222-1402

T. Inglis Dir/Pres/Treas 307,450. 64,642. 6,675. Two Gateway Center 40.00 Pittsburgh, PA 15222-1402

D. Panazzi Dir, VP, Sec. 30,000. 0. 0. Two Gateway Center, Suite 1800 40.00 Pittsburgh, PA 15222-1402

M. Strueber Director 30,000. 0. 0. 603 Stanwix Street, Suite 1800 8.00 Pittsburgh, PA 15222 2008 Federal Statements Page 4

Colcom Foundation 31-1479839

Statement 11 (continued) Form 990-PF , Part VIII, Line 1 List of Officers , Directors , Trustees, and Key Employees

Title and Contri- Expense Average Hours Compen- bution to Account/ Name and Address Per Week Devoted sation EBP & DC Other J. Barsotti Dir/VP-Inv 155,950. $ 56,985. $ 2,655. 603 Stanwix Street, Suite 1800 40.00 Pittsburgh, PA 15222

Total $ 703,275. $ 183,161. $ 11,359.

Statement 12 Form 990-PF, Part XV, Line 2a-d Application Submission Information

Name of Grant Program: Name: Colcom Foundation Care Of: John F. Rohe Street Address: Two Gateway Center, Suite 1800 City, State, Zip Code: Pittsburgh, PA 15222 Telephone: 412-765-2400 Form and Content: Letters of Inquiry should not exceed two pages and must describe the organization and the program. (Include a brief summary of the program's objective, timeline, projected budget, other funding resources, and the anticipated outcome or benefit.) The Foundation discourages the inclusion of lengthy material (newsletters, video, etc.) along with Letters of Inquiry. A separate Letter of Inquiry must be submitted for each program. Submission Deadlines: N/A Restrictions on Awards: Limited geographically and to areas of interest as set forth on website: colcomfdn.org 2008, Federal Supporting Detail Page 1

Client 001 Colcom Foundation 31-1 9/11 /09 07 45AM Other Revenue Amount Partnerships UBTI

Kayne Anderson MLP $ -663,831. Kayne Anderson CIP -90,484. Kayne Anderson Energy Fund III -720,439. Kayne Anderson Energy Fund IV -415,626. Kayne Anderson Private Investors II 23,445. Kayne Andrerson Private Investors II - 2007 37,548. PNC Equity Partners II -901. Portfolio Advisors Private Equity V 1,790. Saturn Partners II -6,689. Total $ -1,835,187. 2008 Federal Statements Page Client 001 Colcom Foundation 31-1479839

Statement 13 Form 990-PF, Part IV, Line 1 Capital Gains and Losses for Tax on Investment Income Note No depreciation was allowed or allowable on any assets sold during the year and none of the assets sold in 2006 were owned by the Foundation on 12/31/69 (e) Gross (h) & (I) (b) How (c) Date (d) Date sales Gain (a) Description acquired acquired sold rpIce Cost or loss

Partnership, trust and mutual fund amounts Kayne Anderson MLP Fund, LP 1,947 Kayne Anderson Capital Income Partners, LP (2,380,462) Loss on dispostion of Kayne Anderson CIP (640,730) Kayne Anderson Energy Fund III, LP 498,471 Kayne Anderson Energy Fund IV, LP - Kayne Anderson Private Investors II, LP (23,779) Kayne Anderson Private Investors II, LP - 2007 (78) Meakem Becker (58,552) 'Portfolio Advisors PE V 10,698 PNC Equity Partners li - Saturn Partners II - The Colchester Global Bond Fund 1,614,589 The Colchester Global Bond Fund unit sales (see schedule) 5,618 Bernstein (6,620,475)

Investment accounts, publicly traded securities Norther Trust Cash account 7,260 Other (6) Citi/Smith Barney (Funds) (1,909,869) Citi/Smith Barney (Parametric) 1,537,678 UBS (Parametric) 2,981,190 Gardner Lewis (2,378,330) Wentworth Hauser International 5,203 Mayo (3,032,766) Deprince, Race & Zollo (5,804,364) Newgate (341,287) STW 101,320 Wentworth Hauser Fixed 57,872 CS McKee (2,000,300) Franklin (3,289,803) Dodge & Cox (60,280) Penn Capital (3,281,940)

Capital gain net income or ( net capital loss) (25,001,17

L \USERS\TMI\ My Documents\Colcom Foundation \Tax and accounting matters\2008 \Colcom 2008 ACCOUNTING As Colcom Foundation Colchester Global Bond Fund Unit Sales Support for 2008 Form 990-PF

Purchase Sale Gain uanti Description Date Date Proceeds Cost Loss 202.5295 Colchester Global Bond Fund 6/1/06 1/31/08 4,547.00 4,12799 419 01 202.4283 Colchester Global Bond Fund 6/1/06 2/29/08 4,622.00 4,125.93 496 07 202.3270 Colchester Global Bond Fund 6/1/06 3/31/08 4,790.00 4,123.86 666.14 202.2259 Colchester Global Bond Fund 6/1/06 4/30/08 4,610.00 4,121.80 488.20 202.1248 Colchester Global Bond Fund 6/1/06 5/31/08 4,540.00 4,119.74 420.26 202.0237 Colchester Global Bond Fund 6/1/06 6/30/08 4,473.00 4,117.68 355.32 201.9227 Colchester Global Bond Fund 6/1/06 7/31/08 4,501.00 4,115.62 385.38 201.8217 Colchester Global Bond Fund 6/1/06 8/31/08 4,514.00 4,113.56 400.44 201.7208 Colchester Global Bond Fund 6/1/06 9/30/08 4,542.00 4,111.51 430.49 201.6200 Colchester Global Bond Fund 6/1/06 10/31/08 4,471.00 4,109.45 361.55 201.5192 Colchester Global Bond Fund 6/1/06 11/30/08 4,541.00 4,107.40 433.60 201.4184 Colchester Global Bond Fund 6/1/06 12/31/08 4,867.00 4,105.34 761.66 Total 55,018.00 49,399.90 5,618.12

L:\USERS\JBarr\Colcom\Colchester Global Investors\Colchester Basis Rollforward xls COLCOM FOUNDATION - 2008 Form 990-PF Part XV - Supplemental Information, Line 3a-Grants paid during 2008

Mission Statement

The primary mission of the Colcom Foundation is to foster a sustainable environment to ensure quality of life for all Americans by encouraging reasonable population levels in the United States Colcom provides grants to address overpopulation and its adverse effects on natural resources. Regionally, the Foundation supports conservation, environmental projects and cultural assets

Recipient Purpose of Grant Amount (No grants to individuals. Foundation status of all is "public" )

Allegheny Conference on Community Development Support of economic and quality of life programs $200,000 425 Sixth Avenue, Suite 1100 Pittsburgh, PA 15219-1811

Allegheny Land Trust Development of a land management plan for Sycamore Island and 150,000 The Sewickley Car Barn Shops assistance with conservation easement costs for Grand View Byway Park 409 Broad Street, Suite 206A Sewickley, PA 15143

Allegheny Ridge Corporation Creation of a printed water trail map and a web-based application of the 25,000 1421-1427 Twelfth Avenue same format for the Kiski-Conemaugh Basin P O Box 348 Altoona, PA 16603

American Fisheries Society, Inc Sponsorship of the AFS 2010 Annual Meeting in Pittsburgh 50,000 5410 Grosvenor Lane Suite 1 I Bethesda, MD 20814-0000

American National Red Cross Disaster Relief Fund 100,000 225 Boulevard of the Allies P 0 Box 1769 Pittsburgh, PA 15230-1769

American National Red Cross Creation of a Local Disaster Relief Fund 100,000 225 Boulevard of the Allies P 0 Box 1769 Pittsburgh, PA 15230-1769

American National Red Cross Support for emergency preparedness through the 'Promise to Prepare' - 150,000 225 Boulevard of the Allies program P O Box 1769 Pittsburgh, PA 15230-1769

American Rivers , Inc. Free-Flowing Pennsylvania program to restore rivers in southwestern 50,000 110 1 14th Street N W , Suite 1400 Pennsylvania through voluntary and selective dam removal Washington, DC 20005-5637

Biological Sciences Curriculum Studies, Co. Education on resources, conservation, and sustainability 290,000 Pikes Peak Research Park 5415 Mark DablingBlvd Colorado Springs, CO 809183842

Blue Planet United Public education on the relationship between mass immigration, resource 35,000 634 Golden West Drive depletion, and strains on infrastructure Redlands, CA 92373

Borough of Ligonier Tree replacement and maintenance project to obtain Tree City USA 15,000 120 East Main Street designation Ligonier, PA 15658

Californians for Population Stabilization, Inc. Overpopulation Awareness Media Campaign 50,000 1 129 State Street, Suite 3-D challenge grant for new support Santa Barbara, CA 93101 Page 1 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV -, Supplemental Information, Line 3a-Grants paid during 2008

Californians for Population Stabilization, Inc Public education on the causes and consequences of overpopulation 150,000 1 129 State Street, Suite 3-D Santa Barbara, CA 93101

Californians for Population Stabilization, Inc. Public awareness program 200,000 1129 State Street, Suite 3-D Santa Barbara, CA 93101

Californians for Population Stabilization, Inc. Public education initiatives 220,000 1 129 State Street, Suite 3-D Santa Barbara, CA 93101

Carnegie Institute Carnegie Museum of Natural History curatorial salaries through the 250,000 4400 Forbes Avenue Science Preservation Fund Pittsburgh, PA 15213-4080

Carnegie Institute Bird banding program for a wide range of regional, national, and 108,000 4400 Forbes Avenue international research initiatives directly related to bird conservation Pittsburgh, PA 15213-4080

Carnegie Mellon University Exploration of environmental carrying capacity 50,000 5000 Forbes Avenue Pittsburgh, PA 152133890

Carnegie Mellon University Construct and outfit mobile lab to monitor air polution 250,000 5000 Forbes Avenue Pittsburgh, PA 152133890

Center for Coalfield Justice Grassroots organizations to collaborate with national groups to address the 60,000 P 0 Box 1080 issues of longwall mining 96 East Chestnut Street Washington, PA 15301

Center for Immigration Studies Public education initiatives 40,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Public education & research 75,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Research and review the effects of mass immigration 75,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Public education on the impact of adding more people 110,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Research support 310,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Public education initiatives 200,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Support of a Demographer 100,000 1522 K Street NW, Suite 820 Washington, DC 20005-1002

Center for Immigration Studies Studies, publications, and expenses associated with timely topics 225,000 1522 K Street NW, Suite 820 addressing the effects of immigration Washington, DC 20005-1002

Page 2 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV ' Supplemental Information, Line 3a-Grants paid during 2008

City of Pittsburgh Public Art 45,000 404 City-County Building Pittsburgh, PA 15219

Coalition for a Secure Driver' s License Education on the risk of fraud associated with identity theft and the risk 225,000 114 Greene Street associated with vulnerabilites in the issuance of identity documents New York, NY 10012

Compassion and Choices End-of-life choices to affirm human dignity 50,000 P 0 Box 101810 Denver, CO 80250

Conemaugh Valley Conservancy Stoneycreek Quemahonmg Initiative collaboration 200,000 P O Box 502 Hollsopple, PA 15935-0502

Conservation Fund, The Education and outreach, design and development of a national water trail 100,000 1655 N Fort Myer Drive, Suite 1300 and enhancing the Chesapeake Bay interpretive buoy system Arlington, VA 22209-3199

Downtown Management Organization Reconstruction of Pittsburgh's historic Market Square 500,000 925 Liberty Avenue, 1st Floor Pittsburgh, PA 15222

Event Committee Pittsburgh , Inc. Event Committee Pgh, Inc (dba - Pittsburgh250, Inc ) restricted to 300,000 535 Smithfield Street program support for 250th anniversary Pittsburgh, PA 15222

Family Communications , Inc Mr Rogers statue ('Tribute to Children') 1,886,000 4802 Fifth Avenue Pittsburgh, PA 15213

Federation for American Immigration Reform Expand the understanding of the impact of mass immigration 50,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Federation for American Immigration Reform Public education on the impact of immigration through video and web- 75,000 25 Massachusetts Avenue NW, Suite 330 based media Washington, DC 20001

Federation for American Immigration Reform Community impact study on immigration 100,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Federation for American Immigration Reform Furnishings and equipment for a conference and communications room 150,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Federation for American Immigration Reform Public education on the disproportionate impact of mass immigration upon 200,000 25 Massachusetts Avenue NW, Suite 330 the underprivileged and minorities Washington, DC 20001

Federation for American Immigration Reform Video production & web-based marketing strategies 250,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Federation for American Immigration Reform Public awareness program 600,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Federation for American Immigration Reform Public education initiatives 820,000 25 Massachusetts Avenue NW, Suite 330 Washington, DC 20001

Page 3 of 8 COCCOM FOUNDATION - 2008 Form 990-PF Part XV - Supplemental Information, Line 3a-Grants paid during 2008

Federation for American Immigration Reform Research and public education on achieving a sustainable immigration 1,000,000 25 Massachusetts Avenue NW, Suite 330 policy Washington, DC 20001

Foundation Endowment, The Improvements in education 40,000 611 Cameron Street Alexandria, VA 22314

Friends of the Pittsburgh Urban Forest 2008-2009 support to sustain and grow the city of Pittsburgh tree 200,000 5427 Penn Avenue maintenance plan, community Tree Tender Program, and school and youth Pittsburgh, PA 15206 outreach programs

Grantmakers of Western Pennsylvania Unrestricted 18,000 Centre City Tower, Suite 240 Pittsburgh, PA 15222

Historical Society of Western Pennsylvania Distribution of a DVD on Pittsburgh's tradition of innovation to local 5,000 1212 Smallman Street schools Pittsburgh, PA 15222-4200

Historical Society of Western Pennsylvania In connection with Pittsburgh's 250th anniversary, an exhibit on how local 110,000 1212 Smallman Street umovations have changed the nation and world Pittsburgh, PA 15222-4200

Historical Society of Western Pennsylvania Public education on human habitation of the United States over the course 300,000 1212 Smallman Street of 20,000 years Pittsburgh, PA 15222-4200

Immigration Reform Law Institute Expanding the public awareness of the impacts of immigration in labor, 200,000 25 Massachusetts Avenue NW, Suite 330 B environment , and quality of life Washington, DC 20001-1431

Immigration Reform Law Institute Legal support and education for sustainable immigration, equitable 350,000 25 Massachusetts Avenue NW, Suite 330 B construction of immigration laws for the long-term and quality enforcement Washington, DC 20001-1431 procedures

International Academy for Preventive Medicine, Inc Health, population, immigration, and quality of life reports 402,000 6712 Blantyre Road Warrenton, VA 20187

Kiskiminetas Springs School Challenge grant - A tribute to the life of Jack Pidgeon, in book form 10,500 1888 Brett Lane Saltsburg, PA 15681

Land Trust Alliance 2008 National Land Conservation Conference to be held in Pittsburgh 25,000 1660 L Street NW,Suite 1100 Washington, DC 20036-5635

Lutheran SeniorLife Foundation Capital Campaign for construction of assisted living center for persons 50,000 401 South Main Street with dementia and Alzheimer's disease Zelienople, PA 16063

Michigan Technological University Carrying capacity assessment of the Great Lakes natural environment of 115,100 500 Administration Building western Michigan 1400 Townsend Drive Houghton, MI 49931-1295

Migration Dialogue Research and report on the economic impact of foreign labor on wages, 100,000 1004 Eagle Place working conditions, and job prospects Davis, CA 95616

Mount Washington Community Development Corporation Grand View Scenic Byway Park steep hillside habitat restoration project to 100,000 301 Shiloh Street improve slope stability , conserve native habitat, and restore economically Pittsburgh, PA 15211 important view

Page 4 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV = Supplemental Information, Line 3a-Grants paid during 2008

National Aviary Pittsburgh , Inc. On going development of the Avian Veterinary and Research Hospital to 50,000 Allegheny Commons West meet the diverse needs of over 200 species of birds West Ohio and Arch Streets Pittsburgh, PA 15212-5248

National Tropical Botanical Garden Plant conservation initiatives to save endangered tropical flora from 150,000 3530 Papaltna Road extinction Kalaheo, Kauai, HW 96741

Negative Population Growth, Inc. Public research project on overpopulation in the Chesapeake Bay 16,500 1717 Massachusetts Avenue, Suite 101 watershed Washington, DC 20036

Negative Population Growth, Inc Competitive research project for school-age children to study the 33,500 1717 Massachusetts Avenue, Suite 101 environmental, economic, and social effects of overpopulation in the U S Washington, DC 20036

North Country Trail Association , Inc. Pilot Trail Stewardship Plan outlining prioritization methods for 25,000 229 East Main Street implementation, land protection options, and local community involvement Lowell, MI 49331 for the NCT in Pennsylvania

NumbersUSA Education & Research Foundation Public education coordinator on the adverse effects of mass immigration on 150,000 1601 N Kent Street, Suite 1100 wages, working conditions, and the environment Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Development of an interactive chart to illustrate the impact of immigration 240,000 1601 N Kent Street, Suite 1 100 and population decisions relative to long-term quality of life indicators Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Education for public and the media on the effects of overpopulation and 300,000 1601 N Kent Street, Suite 1100 mass immigration on jobs, environment, and sprawl Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Membership expansion to enhance public education on the relationship 500,000 1601 N Kent Street, Suite 1100 between overpopulation and the quality of life Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Public awareness program 600,000 1601 N Kent Street, Suite 1100 Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Public education initiatives 820,000 1601 N Kent Street, Suite 1100 Arlington, VA 22209-2105

NumbersUSA Education & Research Foundation Education for public and the media on the effects of overpopulation and 900,000 1601 N Kent Street, Suite 1100 mass immigration on jobs, environment, and sprawl Arlington, VA 22209-2105

PA CleanWays of Allegheny County, Inc. Implementation of projects to engage and empower people to eliminate 90,000 33 Terminal Way litter and illegal dumping in Allegheny County Pittsburgh, PA 15219

PennEnvironment Research and Policy Center, Inc. Environmental research, public education, and grassroots outreach in 100,000 1420 Walnut Street, Suite 650 southwestern Pennsylvania to increase civic participation on critical Philadelphia, PA 19102 environmental issues

Penn 's Corner Conservancy Charitable Trust, Inc. Support for a regional, watershed-based outreach program to encourage 100,000 Donohue Center innovative stormwater management and ultimately make a significant and 214 Donohue Road, Suite C long-term positive impact on the quality and quantity of our regional water Greensburg, PA 15601 resources

Pennsylvania Environmental Council, Inc. Planning session for collaborative efforts between sportsmen, 15,000 130 Locust Street, Suite 200 evnironmental, and conservation groups Harrisburg, PA 19106 Page 5 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV - Supplemental Information, Line 3a-Grants paid during 2008

Pennsylvania Environmental Council , Inc. Support initiatives to protect and restore water resources and promote 250,000 130 Locust Street, Suite 200 community revitalization in the Allegheny County landscape Harrisburg, PA 19106

Pennsylvania Environmental Council, Inc. Funds for watershed conservation, preservation, and restoration projects in 250,000 130 Locust Street, Suite 200 southwestern Pennsylvania Harrisburg, PA 19106

Pennsylvania Resources Council Pilot program to assist food service industries to create a sustainable 25,000 64 South 14th Street system for composting of commercial food and packaging waste Pittsburgh, PA 15203

Persephone Productions , Inc. Educational programing 270,000 6516 Lakeview Drive Falls Church, VA 22041-1101

Philanthropy Roundtable Unrestricted 5,000 1150 17th Street NW, Suite 503 Washington, DC 20036

Phipps Conservatory and Botanical Gardens, Inc. Phipps Living Building documentary 30,000 One Schenley Park Pittsburgh, PA 15213-3830

Phipps Conservatory and Botanical Gardens, Inc Construction of the first'Living Building,' a completely self-sustaining 1,000,000 One Schenley Park structure that virtually eliminates the building's impact on the environment Pittsburgh, PA 15213-3830

Pittsburgh Entertainment Project Challenge grant in support of film projects in southwestern Pennsylvania 100,000 c/o WQED 4802 Fifth Avenue Pittsburgh, PA 15213

Pittsburgh Voyager Mission-critical operating funds to continue programs while the 50,000 1501 Reedsdale Street, Suite 2001 organization finalizes preparations for its new flagship Explorer to be Pittsburgh, PA 15233 delivered to Pittsburgh

Population Institute Executive Appointments Project 41,000 107 Second Street, N E Washington, DC 20002

Population Institute Public education incorporating Progressive values in immigration reform 200,000 107 Second Street, N E Washington, DC 20002

Population Media Center, Inc Public education among organizations interested in population issues 55,000 P O Box 547 Shelburne, VT 05482

Population Media Center, Inc Public education on sustainable domestic population and immigration 100,000 P O Box 547 Shelburne, VT 05482

Population Resource Center - Princeton , NJ Education on the relationship of immigration with water scarcity, climate 50,000 1 Highland Road change, energy dependence, and urban sprawl Princeton, NJ 08540

Robert Morris University Education for charitable and nonprofit entities 25,000 6001 University Boulevard Moon Township, PA 15108-1189

Steel City Rowing Corporation Construction of a sustainable, LEED-certified boathouse as part of the 500,000 157 James Street Verona Rrverfront Project Verona, PA 15147

Page 6 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV - Supplemental Information, Line 3a-Grants paid during 2008

Student Conservation Association, Inc. Support to improve, enhance, and sustain the programs and services that 150,000 SCA National Headquarters benefit the natural resources, residents, and youth of the Three Rivers 689 River Road, P 0 Box 550 Region Charlestown, NH 03603-0550

U S Meeting for public education on immigration 10,000 445 E Mitchell Street Petoskey, MI 49770

U S Public education on the advantages of efficient communications in a 20,000 445 E Mitchell Street vibrant market place of ideas Petoskey, MI 49770

U S Research additional modalities for immigration reform 40,000 445 E Mitchell Street Petoskey, MI 49770

U S Public educatioin initiatives 100,000 445 E Mitchell Street Petoskey, MI 49770

U S Family Relief Fund for the families affected by good faith efforts in law 100,000 445 E Mitchell Street enforcement Petoskey, MI 49770

U S Public education on the advantages of official English 140,000 445 E Mitchell Street Petoskey, MI 49770

U S Public awareness program 600,000 445 E Mitchell Street Petoskey, MI 49770

U S Public education on the effects of immigration upon resources, wages, 1,160,000 445 E Mitchell Street education, and infrastructure Petoskey, MI 49770

Western Pennsylvania Conservancy Symposium and follow-up technical assistance to increase local awareness 82,000 800 Waterfront Drive on the value of preserving community character through community Pittsburgh, PA 15222 greening activities

Western Pennsylvania Conservancy Outreach to professionals and landowners to promote voluntary 85,000 800 Waterfront Drive conservation agreements Pittsburgh, PA 15222

Western Pennsylvania Conservancy The'City of Flowers' Project in Downtown Pittsburgh 100,000 800 Waterfront Drive Pittsburgh, PA 15222

Western Pennsylvania Conservancy City of Flowers in honor of Pittsburgh 250 500,000 800 Waterfront Drive Pittsburgh, PA 15222

Western Pennsylvania Conservancy Protecting and restoring key western Pennsylvania watersheds by direct 500,000 800 Waterfront Drive implementation of conservation practices Pittsburgh, PA 15222

Western Virginia Land Trust Support for the protection of land in western Virginia through conservation 40,000 722 First Street SW, Suite L easements, land acquisitions, and brokerage of land protection transactions Roanoke, VA 24016-4120

Zoological Society of Pittsburgh Development of an International Conservation Center for breeding of 2,000,000 One Wild Place threatened and endangered species and for conservation and education Pittsburgh, PA 15206-1178 programs

Page 7 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV = Supplemental Information, Line 3a-Grants paid during 2008

Wild Waterways Conservancy, Inc. Acquisition of key properties that are crucial for the protection of the 50,000 101 East Spring Street, Suite 200 Slippery Rock and Connoquenessing Creek watersheds Zelienople, PA 16063

Total Grants 2008 $24,932,600

Page 8 of 8 COLCOM FOUNDATION - 2008 Form 990-PF Part XV,- Supplementary Information, Line 3b - Grants Approved for Future Payment

Mission Statement

The primary mission of the Colcom Foundation is to foster a sustainable environment to ensure quality of life for all Americans by encouraging reasonable population levels in the United States. Colcom provides grants to address overpopulation and its adverse effects on natural resources. Regionally, the Foundation supports conservation, environmental projects and cultural assets

Recipient Purpose of Grant Amount (No grants to individuals Foundation status of all is "public" )

Biological Sciences Curriculum Studies, Co. Challenge Grant - update of The Commons CD $82,500 Pikes Peak Research Park 5415 Mark DablingBlvd Colorado Springs, CO 80918

Carnegie Institute Operating endowment (Science Preservation Fund) for the Carnegie 250,000 4400 Forbes Avenue Museum of Natural History Pittsburgh, PA 15213

Center for Immigration Studies Demographer 100,000 1522 K Street NW, Suite 820 Washington, DC 20005

National Park Service/National Park Foundation Flight 93 National Memorial Fund 375,000 11 Dupont Circle, NW Suite 600 Washington, DC 20036

Pittsburgh Foundation, The The Foundation will match up to $1 million of donations and pledges, 1,000,000 One PPG Place, 30th Floor in any amount, from individuals and corporate entities (excluding Pittsburgh, PA 15222 foundations) received after the date of the original grant

Pittsburgh Parks Conservancy Challenge grant restricted to the establishment of endowment for 500,000 2000 Technology Drive, Suite 300 Mellon Square maintenance fund Pittsburgh, PA 15219

Pittsburgh Parks Conservancy Challenge grant for 2009 Pittsburgh Parks Renovations 1,000,000 2000 Technology Drive, Suite 300 Pittsburgh, PA 15219

Port Authority of Allegheny County Creation of a scenic viewshed and public plaza for downtown visitors 350,000 Heinz 57 Center and workers on the triangular parcel known as Gateway Plaza 345 Sixth Avenue Pittsburgh, PA 15222

Three Rivers Arts Festival Implementation of initiatives to reduce the impact of the Three Rivers 100,000 803 Liberty Avenue Arts Festival on the environment while educating the Pittsburgh Pittsburgh, PA 15222 community on how they can green their homes, offices, and events

U. S., Inc. Long-range plannmg 75,000 445 E Mitchell Street Petoskey, PA 49770

Western Pennsylvania Conservancy The "City of Flowers" Project in Downtown Pittsburgh (2/4/2009) 300,000 800 Waterfront Drive Pittsburgh, PA 15222

Total $4,132,500

Page 1 of 1 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

Security Description Units Cost Value

UNITED STATES TREAS NTS DTD 4/15/2004 3.125% 4/15/2009 75,000.00 71,663.08 75,624 00 UNITED STATES TREAS NTS DTD 5/15/2004 3 875% 5/15/2009 600,000 00 609,468.75 608,130 00 US TREASURY NOTE DTD 6/15/2004 4.0% 6/15/2009 450,000.00 445,904 30 457,627.50 UNITED STATES TREASURY NOTE DTD 4/15/2005 4.0% 4/15/2010 350,000.00 343,519.53 366,940 00 U S TREASURY NOTE DTD 1/31/2007 4 75% 1/31/2012 215,000.00 214,479 30 239,120.85 Total U.S. Government Obligations 1,685,034 96 1,747,442.35

Corporate Stock

#REORG/ MERRILL LYNCH & CO INC COM STK EFF DT 01/02/2009 19,850 552,969.76 231,054.00 #REORG/ MERRILL LYNCH & CO INC COM STK EFF DT: 01/02/2009 16,000 461,336 81 186,240 00 #REORG/EQUITABLE RES NAME CHANGE TO EQT CORP SEC # 205C 5,000 334,035 50 167,750 00 #REORG/GENENTECH INC CASH MERGER EFF 3/26/09 6,650 496,991.94 551,351.50 #REORG/NOBLE CORPORATION STK MERGER TO NOBLE CORP SV 36,900 1,013,530 38 815,121.00 #REORG/WEATHERFORD INTL LTD PLAN 0 REORGTO WEATHERFC 54,424 689,397 95 588,867 68 3M CO 5,200 419,279 49 299,208.00 5TH 3RD BANCORP COM 37,000 507,302 95 305,620.00 ABBOTT LAB COM 10,000 511,755.05 533,700.00 ABBOTT LAB COM 8,500 435,706.85 453,645 00 ABBOTT LAB COM 7,800 434,121 36 416,286 00 ABBOTT LABORATORIES 2,800 161,680 14 149,436 00 ACCENTURE LTD 3,200 125,065 57 104,928.00 ACCENTURE LTD BERMUDA CLS A COM 14,216 536,622.67 466,142 64 ACTIVISION BLIZZARD INC COM STK 39,000 510,346 31 336,960.00 ADOBE SYS INC COM 17,000 623,924.68 361,930 00 ADOBE SYSTEMS INC 1,200 50,342.43 25,548.00 ADR AXA SA SPONSORED ADR 2,500 71,029.25 56,175.00 ADR BASF AKTIENGESELLSCHAFT - LEVEL I 3,600 82,948 02 141,516.00 ADR BHP BILLITON LTD SPONSORED ADR 13,800 158,383.20 592,020.00 ADR BP P L C SPONSORED ADR SPONSORED ADR 3,500 227,727.60 163,590 00 ADR BP PLC SPONSORED ADR SPONSORED ADR 2,500 168,122 75 116,850.00 ADR BP P L C SPONSORED ADR SPONSORED ADR 5,900 353,250.44 275,766.00 ADR BRIT AMERN TOB PLC SPONSORED COM STK 3,700 128,553.91 195,878.00 ADR CADBURY PLC SPONSORED ADR ADR 2,304 104,042.92 82,183 68 ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 35,000 157,150.00 217,350 00 ADR NESTLE S A SPONSORED ADR REPSTG REG SH 10,000 273,437.60 397,000.00 ADR NOVARTIS AG 3,700 143,969.84 184,112.00 ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR 5,000 262,941.50 122,450 00 ADR RIO TINTO PLC SPONSORED ADR 1,900 151,107.95 168,929 00 ADR RWE AKTIENGESELLSCHAF 2,300 136,258.90 209,645 00 ADR SYNGENTA AG SPONSORED ADR 785 7,202 07 30,724 90 ADR TENARIS S A SPONSORED ADR 43,930 257,856.25 921,651.40 ADR TEVA PHARMACEUTICAL INDS 12,100 524,019.21 515,097.00 ADR TOTAL SA 3,500 267,538 35 193,550 00 ADR TOYOTA MTR CORP ADR FOR 2 COM 5,100 419,811.54 333,744.00 ADR UNILEVER N V NEW YORK SHS NEW 18,525 684,586.22 454,788.75 ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR 5,000 93,327.50 102,200 00 AETNA INC 1,100 49,599.00 31,350.00 AFLAC INC 2,000 129,008.86 93,265.42 AGCO CORP COM 9,256 572,703.25 218,349 04 AGRIUM INC COM 6,600 228,521.04 225,258 00 AIR PROD & CHEM INC COM 6,900 329,530.49 346,863.00 ALCOA INC 9,300 263,991.94 104,718.00 ALCOA INC COM STK 33,700 949,855 11 379,462 00 ALPHA NATURAL RESOURCES INC 800 74,050.80 12,952.00 ALTRIA GROUP INC 2,300 50,370 79 34,638.00

Page 1 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

AMERICAN EAGLE OUTFITTERS INC NEW COM 43,100 434,725.51 403,416 00 AMERICAN EXPRESS CO 2,500 108,586.75 46,375 00 AMERICAN EXPRESS COMPANY 6,700 307,563.79 124,285 00 AMERISOURCEBERGEN CORP 2,800 148,975.72 99,848 00 AMGEN INC 600 36,183.06 34,650 00 ANADARKO PETRO CORP COM 10,000 413,431 00 385,500.00 ANADARKO PETRO CORP COM 9,300 347,786.50 358,515.00 ANADARKO PETROLEUM CORP 1,100 39,789.53 42,405.00 ANALOG DEVICES INC 2,300 43,030.70 43,746.00 ANALOG DEVICES INC COM 21,700 407,914.76 412,734.00 ANNALY CAP MGMT INC COM 30,500 396,622.84 484,035.00 ANNALY CAPITAL MANAGEMENT INC 7,800 129,195.97 123,786 00 ANSYS INC 2,700 75,937.36 75,303.00 AON CORP COM 8,110 367,057.29 370,464 80 APACHE CORP 1,400 163,953.12 104,342.00 APPLE INC 2,650 161,462.65 226,177.50 APPLEINC 4,700 443,254 01 401,145 00 APPLIED MATERIALS INC 23,800 419,801 25 241,094 00 ARCHER DANIELS MIDLAND CO 1,200 34,395 24 34,596.00 ARCHER-DANIELS-MIDLAND CO COM 22,500 759,596 75 648,675.00 ARCHER-DANIELS-MIDLAND CO COM 8,000 147,190.53 230,640.00 ASHLAND INC NEW COM 18,487 722,335 76 194,298.37 AT & T INC 11,535 279,833.18 328,747.50 AT & T INC 5,800 215,934.00 165,300.00 AT&T INC COM 17,500 625,521.25 498,750 00 AT&T INC COM 15,000 470,452.25 427,500 00 ATWOOD OCEANICS INC COM 18,000 717,770.40 275,040 00 AUTOLIV INC 1,100 56,452 20 23,606 00 AUTOMATIC DATA PROCESSING INC 3,300 137,190 02 129,822.00 AUTOZONE INC 800 71,648.00 111,576.00 AVENTINE RENB ENERGY HLDGS INC SR NT 10 DUE 04-01-2017 RE( 500,000 331,875.00 82,500 00 AVERY DENNISON CORP COM 9,000 498,076 16 294,570 00 AVON PRODUCTS INC 7,300 236,543.36 175,419 00 AVON PRODUCTS INC 2,200 64,920.54 52,866 00 AXIS CAPITAL HOLDINGS LTD 5,100 178,389.41 148,512 00 B B & T CORPORATION 2,100 74,457 54 57,666 00 BANCORPSOUTH INC 2,300 49,460 59 53,728 00 BANK NEW YORK MELLON CORP COM STK 15,500 519,756 89 439,115.00 BANK OF AMERICA CORP 5,000 110,000.00 70,400 00 BANK OF AMERICA CORP 7,500 305,600.00 105,600.00 BANK OF AMERICA CORP 41,299 1,438,770 95 581,489.92 BANK OF AMERICA CORP 18,700 570,233 02 263,296.00 BANK OF AMERICA CORPORATION 12,034 514,059.99 169,438.72 BANK OF'NEW YORK MELLON 6,200 161,159.08 175,646 00 BARRICK GOLD CORP 22,500 764,711.25 827,325 00 BARRICK GOLD CORP 10,000 399,923.30 367,700 00 BAXTER INTL INC COM 7,825 419,875.23 419,341 75 BECTON DICKINSON & CO 800 55,872.84 54,712 00 BERKSHIRE HATHAWAY INC CL B COM 100 439,900 71 321,400.00 BEST BUY INC 4,500 199,287.90 126,495 00 BEST BUY INC 2,900 123,972 05 81,519.00 BEST BUY INC COM STK 9,400 460,978.80 264,234.00 BIG LOTS INC 4,500 65,630.04 65,205.00 BIOGEN [DEC INC 1,800 110,242 16 85,734.00 BLACK & DECKER CORP COM 6,000 493,219.11 250,860.00 BLACKROCK INC 400 87,628.60 53,660.00 BLOCK H & R INC 4,600 108,736.33 104,512.00 BOEING CO COM 1,000 62,390 00 42,670 00

Page 2 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

BOSTON SCIENTIFIC CORP BOSTON SCIENTIFIC6.25% DUE 11-15-2( 500,000 422,500.00 410,000 00 BOSTON SCIENTIFIC CORP COM 39,551 674,137 36 306,124.74 BOSTON SCIENTIFIC CORPORATION 7,100 90,766.03 54,954.00 BRINKER INTL INC COM 35,000 607,242.09 368,900.00 BRISTOL MYERS SQUIBB CO COM 14,700 403,244 51 341,775 00 BRISTOL-MYERS SQUIBB COMPANY 6,200 142,921 78 144,150.00 BROWN FORMAN CORP CL B 600 25,750 84 30,894.00 BUNGE LIMITED 1,000 100,699 58 52,286 06 C S X CORP 3,300 145,020.11 108,527 69 CA INC 1,200 20,680 89 22,236.00 CABOT CORP COM 16,400 293,695.62 250,920 00 CANADIAN NATL RY CO COM 9,600 157,373.50 352,896 00 CATERPILLAR INC 1,700 119,649.74 77,065.34 CBS CORP CLASS B 4,200 132,918.41 34,398.00 CBS CORP NEW CL B 41,900 804,970.93 343,161 00 CDN PAC RY LTD COM CDN PAC RY LTD 8,500 408,497 95 285,770 00 CE FRANKLIN LTD COM STK 27,900 179,536 50 70,308 00 CENTERPOINT ENERGY INC 12,800 182,441 21 161, 536.00 CEPHALONINC 5,500 299,793.91 423,720.00 CHESAPEAKE ENERGY CORP COM 10,000 369,669.35 161,700 00 CHEVRON CORP COM 2,500 218,610 30 184,925.00 CHEVRON CORP COM 4,600 365,70214 340,262.00 CHEVRON CORP COM 3,700 314,891.26 273,689 00 CHEVRON CORPORATION 9,500 541,644 17 702,715 00 CHEVRON CORPORATION 1,900 141,400.99 140,543.00 CIGNA CORP 2,000 98,494 23 33,700 00 CISCO SYSTEMS INC 23,200 417,786 09 378,160 00 CISCO SYSTEMS INC 9,100 218,136 28 148,330.00 CISCO SYSTEMS INC 10,000 287,891 75 163,000 00 CISCO SYSTEMS INC 10,000 277,051.25 163,000.00 CITIGROUP INC COM 22,500 534,887 75 150,975.00 CITIGROUP INC COM 20,000 189,300 00 134,200.00 CITIGROUP INC COM 34,900 662,284.67 234,179.00 CITIGROUP INC GLOBAL SR NT 5.5% DUE 04-11-2013 BEO 250,000 220,000 00 243,421 00 CME GROUP INC 100 29,681 14 20,811.00 CME GROUP INC COM STK 1,829 624,715.25 380,633.19 COCA - COLA CO 4,100 218,317 62 185,607 00 COCA COLA CO COM 7,500 392,969 05 339,525 00 COMCAST CORP CL A 5,400 82,92210 91,152.00 COMCAST CORP NEW CL A CL A 35,000 761,868.00 590,800 00 COMCAST CORP NEW CL A CL A 27,500 596,643.75 464,200.00 COMCAST CORP NEW CL A SPL CL A SPL 26,650 535,753.88 430,397.50 COMERICA INC COM 10,100 283,047.34 200,485.00 COMPUTER SCIENCES CORP 2,300 101,973.71 80,822.00 CONAGRA FOODS INC 17,500 380,837 25 288,750 00 CONAGRA FOODS INC 12,400 176,219.44 204,600.00 CONOCOPHILLIPS 10,220 662,239 67 529,396 00 CONOCOPHILLIPS 7,090 499,327 53 367,262 00 CONOCOPHILLIPS COM 10,000 678,709 24 518,000 00 CORE LAB NV NLGO.03 20,800 459,186.60 1,245,088.00 CORNING INC COM 15,000 297,929.90 142,950.00 CORNING INC COM 24,900 570,327.34 237,297 00 COVIDIEN LIMITED 4,800 180,866.72 173,952.00 CROWN HLDGS INC 1,500 33,952 25 28,800 00 CVS CAREMARK CORP COM STK 5,000 134,023.50 143, 700.00 CVS CAREMARK CORP COM STK 21,715 665,716.29 624,089.10 CVS CAREMARK CORPORATION 500 12, 811.10 14, 370.00 D P L INC 2,800 74,558.67 63,952 00

Page 3 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

DAVITA INC 3,700 195,634 81 183,409 00 DEERE & CO COM 2,200 84,988.20 84,304 00 DELL INC 17,400 583,731.31 178,176.00 DIAMOND OFFSHORE DRILLING INC COM 6,060 517,125.28 357,176.40 DOMINION RES INC VA NEW 2,000 86,873 16 71,680.00 DONNELLEY R R & SONS CO COM 22,100 633,987.51 300,118.00 DOVER CORP 5,500 217,100.50 181,060.00 DOW CHEMICAL CO 3,200 62,481.78 48,288.00 DOW CHEMICAL CO COM 5,000 229,240 00 75,450 00 DOW CHEMICAL CO COM 15,700 461,259.71 236,913 00 DU PONT (E I) DE NEMOURS AND COMPANY 4,000 178,644 24 101,200 00 DU PONT E I DE NEMOURS & CO COM STK 3,500 164,865 75 88,550 00 DU PONT E I DE NEMOURS & CO COM STK 5,000 246,520.35 126,500 00 DUKE ENERGY CORP 10,600 203,851.63 159,106.00 EASTMAN KODAK CO COM 15,000 224,218.85 98,700 00 EBAY INC 4,000 128,642.73 55,840 00 ELI LILLY & CO COM 7,500 339,285 25 302,025 00 ELI LILLY & CO COM 7,500 411,430.25 302,025 00 EMBARQ CORPORATION 3,200 131,145.96 115,072 00 EMC CORP COM 10,000 140,450 95 104,700 00 EMC CORP COM 22,500 319,459.50 235,575 00 EMERSON ELECTRIC CO 5,200 171,195.96 190,372.00 ENCANA CORP COM NPV 5,000 232,410 00 232,400.00 ENCANA CORP COM NPV 18,330 185,602 83 851,978.40 ENSCO INTL INC COM 12,361 285,786 32 350,928.79 ENSIGN ENERGY SVCS INC COM 83,200 447,109.50 904,009 60 EXPRESS SCRIPTS INC CL A 2,600 180,977.04 142,948 00 EXPRESS SCRIPTS INC COM 7,457 539,175 41 409,985 86 EXXON MOBIL CORP 10,150 547,906 74 811,231.28 EXXON MOBIL CORP COM 1,000 86,687 30 79,830.00 F5 NETWORKS INC 1,200 25,590.79 27,432 00 FAMILY DLR STORES INC 3,200 76,726 33 83,424 00 FEDEX CORP 3,300 272,442.10 211,695 00 FEDEX CORP 300 17,322 69 19,245.00 FIRST AMERN CORP CALIF COM 1,800 52,589 25 52,002.00 FLUOR CORP NEW 1,300 86,612.55 58,331.00 FLUOR CORP NEW COM 9,300 352,757.49 417,291 00 FORTUNE BRANDS INC 3,300 274,639.84 136,224.00 FOSTER WHEELER LTD 3,200 234,057.12 74,816 00 FREEPORT MCMORAN COPPER & GOLD INC 1,260 46,099.40 30,794.40 FRONTIER COMMUNICATIONS CORP COM 20,000 276,550.00 174,800.00 FRONTIER COMMUNICATIONS CORP COM 27,900 352,142 54 243,846.00 FRONTLINE LTD 0 0 00 987.81 GAP INC 2,000 35,644 46 26,780.00 GARMIN LTD COM STK 18,100 613,996 52 346,977 00 GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 0057 500,000 463,087.50 503,580 50 GENENTECH INC 800 59,147 76 66,328 00 GENERAL DYNAMICS CORPORATION 4,300 329,784 77 247,637 00 GENERAL ELECTRIC CO 20,000 580,725.00 324,000.00 GENERAL ELECTRIC CO 25,000 741,159.25 405,000.00 GENERAL ELECTRIC CO 20,300 576,386.36 328,860.00 GENERAL ELECTRIC COMPANY 8,900 314,569 50 144,180.00 GENERAL ELECTRIC COMPANY 25,883 883,258.33 419,304.60 GILEAD SCI INC COM 14,450 630,837 34 738,973 00 GOLDMAN SACHS GROUP INC COM 4,914 610,455 65 414,692.46 GOOGLE INC 900 392,298.20 276,885.00 GOOGLE INC 340 157,386 25 104,601.00 GOOGLE INC CL A CL A 300 105,493 29 92,295.00

Page 4 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

GOGGLE INC CL A CL A 1,505 653,672 27 463,013.25 H C C INSURANCE HOLDINGS INC 3,200 103,947.84 85,600.00 HALLIBURTON CO COM 5,000 166,221 25 90,900 00 HARRIS CORPORATION 1,300 65,370.79 49,465 00 HASBRO INC 2,100 66,253.45 63,465 02 HAWAIIAN ELECTRIC INDS INC 2,700 66,754 04 59,778 00 HERSHEY CO FORMERLY HERSHEY FOODS CORP TO 04/19/2005 C 6,000 288,916.42 208,440.00 HEWLETT PACKARD CO 4,400 202,885.75 159,676.00 HEWLETT PACKARD CO COM 20,050 910,590.77 727,614.50 HOME DEPOT INC COM 9,000 312,386 94 207,180.00 HONEYWELL INTL INC 6,900 260,615 00 226,527.00 HONEYWELL INTL INC 1,900 49,798.32 62,377 00 HORMEL FOODS CORP 1,400 50,340 16 43,512 00 HUDSON CITY BANCORP INC 8,900 154,503 90 142,044 00 HUMANA INC COM 5,000 148,704 25 186,400.00 HUMANA INC COM 25,410 1,277,174 48 947,284.80 ILL TOOL WKS INC COM 7,100 327,431.44 248,855.00 INGERSOLL-RAND CO CL A COM STK 16,900 273,296.72 293,215 00 INGERSOLL-RAND CO-CL A 5,300 203,565 35 94,283.65 INTEL CORP 28,100 672,595.22 411,946.00 INTEL CORP 15,100 277,479.85 221,366.00 INTEL CORP COM 7,500 157,186.80 109,950 00 INTEL CORP COM 21,900 578,423.27 321,054 00 INTERNATIONAL BUSINESS MACHINES CORPORATION 2,400 231,616.84 201,984 00 INTERNATIONAL BUSINESS MACHS CORP COM 1,000 112,423 35 84,160.00 INTUITIVE SURGICAL INC 1,300 180,159.55 165,087 00 JABIL CIRCUIT INC 6,600 107,698.33 44,550 00 JABIL CIRCUIT INC COM 52,800 405,543.86 356,400.00 JEFFERIES GROUP INC NEW COM 17,600 285,943.13 247,456 00 JOHNSON & JOHNSON 6,200 376,164 27 370,946.00 JOHNSON & JOHNSON COM 2,500 158,000.25 149,575 00 JONES APPAREL GROUP INC 8,800 176,481.79 51,568 00 JP MORGAN CHASE & CO 9,400 337,910 50 296,382.00 JP MORGAN CHASE & CO 7,220 295,942.15 227,646 60 JPMORGAN CHASE & CO COM 3,000 142,502.55 94,590 00 JPMORGAN CHASE & CO COM 8,470 348,180.35 267,059.10 KEYCORP NEW COM 52,800 907,356.42 449,856.00 KIRBY CORP 1,300 73,458.84 35,568.00 LIBERTY MEDIA CORP NEW ENTERTAINMENT COMSER A STK 11,780 296,122.63 205,914 40 LIFE TECHNOLOGIES CORPORATION 5,786 251,506.94 134,871.66 LILLY ELI & CO 2,900 97,497.31 116,783.00 LINCARE HLDGS INC 2,100 70,659.34 56,553 00 LOEWS CORP 1,500 39,339.85 42,375.00 LORILLARD INC COM STK 6,200 446,118 44 349,370 00 LTD BRANDS 40,100 628,845 83 402,604.00 LUBRIZOL CORP COM 9,700 392,173 18 352,983 00 MACYS INC COM STK 33,700 756,159 13 348,795 00 MANPOWER INC 2,700 201,912 83 91,773 00 MANULIFE FINL CORP COM 7,500 124,895 25 127,725 00 MANULIFE FINL CORP COM 6,200 175,014.22 105,586.00 MARATHON OIL CORP 15,000 351,384 86 410,400.00 MARATHON OIL CORP COM 21,400 952,132.76 585,504.00 MARSH & MCLENNAN CO'S INC COM 17,500 536,859.35 424,725 00 MARSHALL & ILSLEY CORP NEW COM STK 25,000 436,626 37 341,000 00 MARVELL TECHNOLOGY GROUP LTD 8,300 114,303.83 55,361.00 MASCO CORP COM 22,900 596,182 38 254,877.00 MASTERCARD INC 200 42,470 74 28,586.00 MASTERCARD INC CL A 4,270 1,132,836.58 610,311.10

Page 5 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

MAXIM INTEGRATED PRODS INC COM 25,200 744,374.71 287,784.00 MC DONALD'S CORPORATION 800 45,724.40 49,752.00 MCDERMOTT INTL INC COM STK $1 PAR 20,260 770,833.64 200,168 80 MCGRAW HILL COMPANIES INC COM 6,600 276,392.46 153,054.00 MCKESSON CORP 6,000 214,661 00 232,380 00 MCKESSON CORP 10,860 645,522.66 420,607.80 MEDTRONIC INC 1,400 69,309 52 43,988 00 MEDTRONIC INC COM 2,500 117,851.25 78,550 00 MEMC ELECTR MATLS INC COM 22,100 612,373 74 315,588.00 MERCK & CO INC COM 10,000 425,481 90 304,000.00 MERCURY GEN CORP NEW COM 10,900 568,302.60 501,291 00 MERRILL LYNCH & CO INC 45,300 867,119.80 527,292 00 METLIFE INC COM ISIN US59156R1086 11,540 691,093.43 402,284.40 MFC SPDR GOLD TR GOLD SHS 4,000 355,517 60 346,200.00 MICROSOFT CORP COM 23,000 698,654 50 447,120.00 MICROSOFT CORP COM 25,000 720,879.70 486,000 00 MICROSOFT CORPORATION 11,300 203,593.23 219,672 00 MICROSOFT CORPORATION 6,600 151,310 41 128,304 00 MONSANTO CO NEW 1,500 180,664 81 105,525.00 MONSANTO CO NEW COM 10,606 316,820 17 746,132.10 MORGAN STANLEY COM STK USD0.01 26,300 913,940.97 421,852 00 MOSAIC CO 1,000 81,048.82 34,600 00 MOSAIC CO COM 5,000 189,994.40 173,000 00 MOTOROLA INC COM 61,600 603,805 87 272,888.00 MYLAN INC 25,000 284,599 50 247,250.00 N C R CORP NEW 6,700 88,734 03 94,738.00 NABORS INDUSTRIES COM USDO 10 29,200 517,985.58 349,524 00 NASDAQ OMX GROUP 1,000 38,560.28 24,710 00 NATIONAL OILWELL VARCO INC. 4,900 261,892.14 119,756.00 NEWELL RUBBERMAID INC COM 22,000 444,601.03 215,160 00 NEWMONT MINING CORP NEW COM 10,000 463,123.00 407,000.00 NEWS CORP CL A COM 25,000 418,243.45 227,250 00 NEWS CORP CL A COM 25,000 395,951 75 227,250.00 NII HLDGS INC CL B NEW 3,000 146,294.30 54,540 00 NORFOLK SOUTHERN CORPORATION 4,900 165,635 85 230,545.00 NORTHERN TR CORP 1,100 75,181.13 57,354 00 NORTHROP GRUMMAN CORP 2,400 179,760 48 108,096 00 NORTHROP GRUMMAN CORP COM 10,600 695,716.52 477,424.00 NUCOR CORP 1,000 48,580 41 46,200 00 OCCIDENTAL PETE CORP COM 8,000 375,352.20 479,920.00 OCCIDENTAL PETROLEUM CORP 800 66,305.08 47,992.00 OCEANEERING INTL INC COM 12,900 795,498.42 375,906 00 OFFICEMAX INC DEL COM 34,700 918,554 52 265,108.00 OIL STS INTL INC 900 49,798.08 16,821 00 OLIN CORP COM 5,000 82,843.50 90,400 00 OMNICARE INC 1,200 27,059.86 33,312 00 OMNICARE INC COM 7,500 299,416.00 208,200 00 OMNICOM GROUP INC 1,500 45,007.95 40,380.00 ORACLE CORP 5,800 97,614 00 107,956.57 ORACLE CORP COM 31,200 643,118 06 553,176.00 OWENS ILL INC 4,700 250,234.40 128,451 00 PARTNERRE HLDG LTD COM STK 2,200 140,660.30 156,794 00 PATTERSON COS INC 0 0.00 2,714 35 PATTERSON-UTI ENERGY INC COM 13,600 173,808.00 156,536.00 PENNEY J.C CO INC COM 19,500 710,585 48 384,150 00 PEPSICO INC 600 31,661 52 32,862 00 PETSMART INC 11,400 259,495.98 210,330 00 PFIZER INC 6,500 168,202.50 115,115.00

Page 6 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

PF12ER INC 17,940 421,299 30 317,717 40 PFIZER INC COM STK $.11 1/9 PAR 62,500 1,392,712.50 1,106,875.00 PFIZER INC COM STK $.11 1/9 PAR 50,000 1,136,299 00 885,500 00 PHILIP MORRIS INTERNATIONAL INC 8,400 321,659.52 365,484.00 PHILIP MORRIS INTERNATIONAL INC 7,000 345,086 77 305,673.57 PITNEY BOWES INC COM 13,400 425,334.42 341,432.00 POLYCOM INC 12,400 317,753.87 167,524 00 POTASH CORP SASK INC COM 9,800 722,097.32 717,556.00 PPG IND INC COM 6,950 457,498 07 294,888.50 PPG IND INC COM 4,800 324,047 72 203,664.00 PRECISION CASTPARTS CORP 1,600 206,613.60 95,168 00 PRECISION CASTPARTS CORP COM 5,250 716,877.54 312,270 00 PRECISION DRILLING TR TR UNIT COM STK 25,400 358,269 59 213,106.00 PRIDE INTL INC DEL COM 16,100 574,538 55 257,278 00 PROLOGIS 3,700 211,309.58 56,15615 PROTECTIVE LIFE CORP COM 18,500 746,345.88 265,475.00 PUBLIC SVC ENTERPRISE GROUP INC 14,800 427,389 06 431,716.00 PUBLIC SVC ENTERPRISE GROUP INC 3,800 159,350.48 110,846 00 PULTE HOMES INC 3,100 47,614.89 33,883 00 QUALCOMM INC COM 11,390 556,384 23 408,103.70 QUEST DIAGNOSTICS INC 7,100 377,864.26 368,561.00 QWEST COMMUNICATIONS INTL INC SR NT CONV3 5% DUE 11-15-21 150,000 108,000 00 126,375.00 QWEST CORP NT 7.625% DUE 06-15-2015/06-17-2005 REG 250,000 191,250.00 205,000 00 RAYMOND JAMES FINL INC 1,700 50,244.26 29,121.00 RAYTHEON COMPANY -CW 11 EXP 6/16/2011 656 0 10,194.24 REGIONS FINL CORP NEW COM 29,900 328,886.14 238,004 00 REINSURANCE GROUP OF AMERICA INCORPORATED 3,200 154,271.92 137,024.00 RELIANT ENERGY INC. 5,100 130,479.09 29,478 00 RESEARCH IN MOTION LTD COM 5,137 492,092 13 208,459.46 ROCKWELL AUTOMATION 15,200 779,652.09 490,048 00 ROSS STORES INC 2,400 68,894.64 71,352.00 RPM INTL INC 22,900 279,185.59 304,341.00 SAFEWAY INC 2,100 62,889 75 49,917 00 SALESFORCE COM INC COM STK 8,380 540,564 66 268,243.80 SCHERING PLOUGH CORP 9,400 281,327.90 160,082.00 SCHLUMBERGER LTD COM STK 3,500 212,279.00 148,155.00 SCHLUMBERGER LTD COM STK 19,600 606,514.19 829,668 00 SCHNITZER STEEL INDUSTRIES INC CL A 900 97,248.27 33,885.00 SCHWAB CHARLES CORP NEW 1,200 26,404.56 19,404.00 SEAGATE TECHNOLOGY HLDGS COM USD0.00001 45,700 508,392.16 202,451.00 SMITH INTL INC COM 11,800 174,802.25 270,102.00 SMITHFIELD FOODS INC SR NT 7% DUE 08-01-2011 REG 350,000 248,150 00 248,500 00 SMUCKER J M CO 900 39,071.88 39,024.00 SOHU COM INC 800 56,568.48 37,872 00 SOUTHWESTAIRLSCO 3,600 43,019.91 31,032.00 SOUTHWESTERN ENERGY CO 4,600 209,332.38 133,262 00 ST JUDE MEDICAL INC 1,200 31,596 96 39,552.00 STANCORP FINANCIAL GROUP INC 800 37,185.90 33,416.00 STARBUCKS CORP 11,400 302,833.56 107,844 00 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM STK 17,500 698,683.26 313,250 00 STATE STREET CORP 2,400 166,697 62 94,392 00 STRYKER CORP 2,300 123,381.35 91,885 00 SUN TR BANKS INC COM 18,700 748,857 21 552,398 00 SUNCOR INC COM STK NPV 3,500 172,741 45 68,250.00 SUNCOR INC COM STK NPV 13,400 604,301.14 261,300.00 SUNOCO INC COM 7,800 311,271 62 338,988 00 SUNTRUST BANKS INC 1,000 44,216.40 29,540.00 SYSCO CORP 6,400 230,256 94 146,816 00

Page 7 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

SYSCO CORP 7,000 228,366 92 160,580.00 TALISMAN ENERGY INC COM 62,500 1,160,623 75 624,375.00 TD AMERITRADE HOLDING CORP 0 0 00 2,537 95 TECK COMINCO LTD CL B SUB VTG CL B SUB VTG 14,800 459,466.84 72,816.00 TELEPHONE & DATA SYSTEMS INC 800 49,945.49 25,400.00 TEXAS INSTRUMENTS INC 11,500 318,224.50 178,480.00 TEXAS INSTRUMENTS INC 5,000 161,568 69 77,600.00 THE PROCTER & GAMBLE COMPANY 7,900 492,798.97 488,378.00 THE WALT DISNEY COMPANY 8,050 204,424.69 182,654 50 THE WALT DISNEY COMPANY 8,900 304,580 15 201,941.00 THERMO FISHER SCIENTIFIC INC 600 33,967.55 20,442 00 TIFFANY & CO NEW 3,000 136,827.37 70,890 00 TIME WARNER INC 5,800 106,221.93 58,348.00 TIME WARNER INC NEW COM STK 35,000 639,217 75 352,100 00 TIME WARNER INC NEW COM STK 25,000 421,356.25 251,500 00 TJX COS INC COM NEW 16,530 485,536.85 340,022.10 TRANSOCEAN LTD 5,717 562,265 35 270,128 25 TRANSOCEAN LTD 1,500 233,925.90 70,875 00 TRANSOCEAN LTD 18,863 950,835 62 891,276 75 TRANSOCEAN LTD 4,842 650,724.35 228,784.50 TRAVELERS COS INC COM STK 6,000 290,908.35 271,200 00 TRAVELERS COS INC COM STK 8,500 391,909.45 384,200 00 TYCO ELECTRONICS LTD 11,600 394,075 56 188,036 00 TYCO INTERNATIONAL LTD 7,800 325,790.35 168,480.00 U G I CORP NEW 1,000 26,139.18 24,420.00 UNION PAC CORP 2,300 181,934.92 109,940.00 UNITED STATES TREAS BILLS 03-19-2009 DTDO0428 1,019,000 1,014,428.65 1,018,899.11 UNITED STATES TREAS BILLS 03-19-2009 DTDO0428 14,000 13,949.60 13,998.61 UNITED STATES TREAS BILLS 06-04-2009 DTDO0467 739,000 735,916.32 738,673 36 UNITED STATES TREAS NTS DTD 01-15-2004 3.25% DUE 01-15-2009 750,000 727,001.96 750,732.75 UNITEDHEALTH GROUP INC COM 10,000 296,733.50 266,000.00 UNITEDHEALTH GROUP INC COM 7,500 207,174.75 199,500.00 UNUM GROUP 15,000 307,813.00 279,000.00 URBAN OUTFITTERS INC 4,000 131,272.20 59,920.00 URBAN OUTFITTERS INC COM 14,910 474,615 59 223,351.80 URS CORP NEW COM 4,650 187,876.44 189,580.50 VALERO ENERGY CORP COM STK NEW 7,500 258,758 25 162,300.00 VALSPAR CORP COM 12,000 300,260.33 217,080 00 VERIZON COMMUNICATIONS COM 3,500 113,934.60 118,650 00 VERIZON COMMUNICATIONS INC NT 8.75% DUE 11-01-2018 BEO 350,000 357,357.50 410,627.70 VERIZON COMMUNICATIONSINC 3,000 100,684 28 101,700 00 VIACOM INC NEW CL B 5,500 207,558.45 104,830.00 WAL MART STORES INC 4,600 208,055.69 257,876 00 WALGREEN CO 8,900 402,582 92 219,563 00 WALGREEN CO 1,800 42,526.42 44,406.00 WALGREEN CO COM 5,000 179,243.25 123,350.00 WAL-MART STORES INC COM 2,500 109,939.75 140,150.00 WAL-MART STORES INC COM 3,000 134,468 50 168,180 00 WATSON PHARMACEUTICALS INC 3,000 84,864.97 79,710.00 WELLPOINT INC COM 2,500 99,269.10 105,325 00 WELLS FARGO & CO NEW COM STK 2,500 67,500.00 73,700.00 WELLS FARGO & COMPANY 5,300 148,416 02 156,244.00 WILLIAMS CO INC COM 12,500 177,685 50 181,000 00 WILLIAMS COS INC 6,100 190,829.29 88,328 00 WILLIAMS SONOMA INC COM 33,600 668,537.73 264,096.00 WILMINGTON TR CORP NEW COM 16,400 538,140.50 364,736.00 WYETH COM 3,500 159,577.30 131,285 00 WYETH COM 5,000 239,199 50 187,550.00

Page 8 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

WYNN RESORTS LTD COM 7,890 573,057 32 333,431.40 XEROX CORP 5,900 104,328.42 47,023.00 ZIMMER HOLDINGS INC 2,700 181, 701.90 109,134.00 ZIONS BANCORP COM 17,250 548,982.12 422,797.50 Bernstein 427,619 13,458,040.93 10,384,044 00 Eaton Vance 423,868 11,092,606.22 10,736,588.33 iShare MSCI EAFE Index Fund 403,233 29,606,750 12 18,089,032 38 iShare S&P 600 Small Cap 229,166 13,478,496 80 10,076,429 02 Russell 1000 Growth iShares 214,133 11,997,563 83 7,935,768 98 S&P 400 Mid Cap Growth iShares 248,825 20,050,386.93 13,797,346 25 Total Corporate Stock 245,511,805.17 179,156,113 95

Notes and Bonds

ACE CASH EXPRESS INC DTD 10/5/2006 10 25% 10/1/2014 140,000.00 142,662.50 28,000 00 ADVANCED MEDICAL OPTICS DTD 4/2/2007 7.5% 5/1/2017 55,000.00 47,712.50 28,050 00 ADVANCED MEDICAL OPTICS INC DTD 6/13/2006 3 25% 8/1/2026 COP 140,000 00 79,144 25 49,000.00 AES CORPORATION DTD 10/15/2007 7.75% 10/15/2015 65,000.00 46,637 50 54,600 00 AK STEEL CORP DTD 12/15/2002 7 75% 6/15/2012 50,000.00 50,125 00 39,000.00 ALCOA INC NT 6.75% DUE 07-15-2018 BEO 970,000 966,934.80 793,590.95 ALCOA INC NT 6.75% DUE 07-15-2018 BEO 189,000 144,964.89 154,627 51 ALLIS-CHALMERS ENERGY IN DTD 1/29/2007 8 5% 3/1/2017 45,000.00 45,112 50 22,500.00 ALLIS-CHALMERS ENERGY IN DTD 7/15/2006 9% 1/15/2014 90,000 00 91,800.00 47,700 00 ALTRIA GROUP INC NT 9.95% DUE 11-10-2038BEO 697,000 685,119 86 758,901.26 ALTRIA GROUP INC NT 9 95% DUE 11-10-2038BEO 347,000 341,078 20 377,817.41 AMERICAN EXPRESS CO NT 8.15% DUE 03-19-2038 BEO 500,000 418,570 00 573,368.00 AMERICAN EXPRESS CO NT 8.15% DUE 03-19-2038 BEO 390,000 388,568 70 447,227 04 AMERICAN EXPRESS CR A/C MASTER TR 2005-4AST BKD CTF CL A' 360,000 349,917 19 294,683 40 AMERICAN EXPRESS CR ACCOUNT MASTER TR SER 2005-5 CL A F 650,000 592,058.59 596,256.04 AMERICAN INTL GROUP DTD 8/18/2008 8.25% 8/15/2018 125,000.00 125,000.00 91,490 00 AMERITECH CAP FDG CORP EURODOLLAR 6.25 DUE 05-18-2009 BE 750,000 760,267.50 760,650.00 ANGIOTECH PHARMACEUTICAL DTD 3/1/2007 FLTG RATE 12/1/2013 70,000.00 71,225 00 33,950.00 ANHEUSER BUSCH COS INC ANHEUSER BUSCH 55% DUE 01-15-2, 350,000 340,375 00 318,134.95 ANHEUSER BUSCH COS INC ANHEUSER BUSCH 5 5% DUE 01-15-2 500,000 396,300.00 454,478 50 AOL TIME WARNER INC DEB DTD 4/19/2001 7.625% 4/15/2031 200,000 00 211,479.50 196,562.00 AOL TIME WARNER INC DTD 4/8/2002 7.70% 5/1/2032 400,000.00 489,265.70 400,492 00 AQUILA INC DTD 1/1/2003 STEP CPN 7/1/2012 CPN RATE = 14.875% 1 145,000 00 178,550 00 146,450 00 ARAMARK SERVICES INC DTD 8/1/2007 8.5% 2/1/2015 145,000 00 144,206.23 131,225 00 ARCH WESTERN FINANCE DTD 7/1/2004 6.75% 7/1/2013 110,000.00 98,987 50 95,700 00 ARCHER DANIELS MIDLAND CO 6.45% DUE 01-15-2038/12-11-2007 500,000 420,755 00 506,579 00 ARCHER DANIELS MIDLAND CO NT 5.45% DUE 03-15-2018 BEO 716,000 715,985.68 704,771 68 AT & T CORP DTD 5/15/2002 8.0% 11/15/2031 285,000.00 349,980 00 357,997.05 AT&T INC BD 6.5 DUE 09-01-2037 BEO 500,000 371,830 00 538,495.00 AT&T INC GLOBAL NT 4.95% DUE 01-15-2013/12-06-2007 BEO 150,000 149,874.00 150,828.90 BA CR CARD TR 2008-5 NT CL A FLTG 12-16-2013 REG 1,120,000 1,120,000.00 995,604 96 BAC CAPITAL TRUST XI DTD 5/23/2006 6.625% 5/23/2036 110, 000.00 116,484.50 101, 646.60 BANK AMER CORP BANK OF AMERICA CORP 8% DUE 12-29-2049/01 765,000 709,221.88 550,255 32 BANK AMER FDG CORP MED TERM NTS SER L 4 9% DUE 05-01-201 330,000 329,089 20 326,865 99 BANK ONE CAPITAL 111 8 75 09/01/30 DTD 08/30/00 100,000.00 137,971 30 98,484 00 BANKAMERICA CAP II SEMI INCOME PFD SECS SER 2 8.000% 12/15/ 100,000 00 109,966 20 81,733.00 BARCLAYS BK PLC BARCLAYS BK PLC 5.45 DUE09-12-2012 BEO 1,000,000 999,800.00 1,012,711.00 BARCLAYS BK PLC PERPETUAL SUB UPPER TIERNT 144A 7.7% DUE 500,000 355,990.00 330,630 00 BAUSCH & LOMB INC DTD 10/26/2007 9.875% 11/1/2015 105,000.00 105,568.75 78,750.00 BE AEROSPACE INC DTD 7/1/2008 8.5% 7/1/2018 50,000.00 50,150.00 45,000.00 BELDEN INC DTD 9/15/2007 7% 3/15/2017 90,000 00 86,625.00 67,500.00 BERRY PLASTICS HOLDING DTD 9/20/2006 8.875% 9/15/2014 85,000.00 71,187 50 36,975.00

Page 9 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

BIOMET INC DTD 4/15/2008 10% 10/15/2017 65,000 00 66,950.00 62,400.00 BK AMER N A CHARLOTTE N C MEDIUM TERM TRANCHE # TR 0021 500,000 403,035.00 530,891.00 BNSF RY CO REMIC PASS THRU CTF DTD 9/29/2005 4.967% 4/1/2023 32,146.91 32,146.91 30,202 99 BOSTON PROPERTIES INC SR NT 6.250% 01/15/2013 DTD 12/13/2002 100,000.00 108,948.90 74,236 00 BOSTON PROPERTIES LP DTD 3/18/2003 5.625% 4/15/2015 125,000.00 129,183.38 83,246.25 BOSTON SCIENTIFIC CORP DTD 6/25/2004 5.45% 6/15/2014 125,000.00 111,843.75 106,250 00 BOSTON SCIENTIFIC CORP DTD 6/9/2006 6.4% 6/15/2016 75,000.00 70,687.50 64,125.00 BOSTON SCIENTIFIC CORP DTD 6/9/2006 6 4% 6/15/2016 135,000.00 127,487.50 115,425.00 BOYD GAMING CORP DTD 4/15/2004 6.75% 4/15/2014 110,000.00 93,525.00 69,300 00 BRIGHAM EXPLORATION CO DTD 4/20/2006 9.625% 5/1/2014 100,000.00 95,100.00 57,000 00 BROADVIEW NETWORKS HOLDI DTD 9/1/2007 11 375% 9/1/2012 145,000.00 151,520.50 100,050 00 BURLINGTN NORTH SANTA FE DTD 5/17/2006 5 72% 1/15/2024 64,634.62 64,634.62 62,000 76 BURLINGTN NORTH SANTA FE DTD 8/9/2006 5 629% 4/1/2024 86,544.58 86,544.58 82,466 60 BURLINGTON NORTHN SANTA FE RY CO PASSTHRU TR 2000 1 PAS. 40,218.71 46,582.53 45,003.53 CALLON PETROLEUM CO DTD 6/30/2004 9.75% 12/8/2010 85,000.00 87,762 50 34,000.00 CAP 1 MULTI-AST EXECUTION TR COMET 2008-A5 A5 2.6038 02/11 317,000 316,604.67 294,117.98 CAP AUTO RECEIVABLES AST TR 2008-2 CAP AUTO TR 2 CAP AUTC 550,000 550,000 00 489,987 85 CAPITAL ONE FINANCIAL CO DTD 9/4/2007 6.75% 9/15/2017 200,000 00 199,607 00 193,714 00 CAPITAL ONE MULTI-ASSET EXECUTION TR 2005-10 NT CL A VAR 195,000 181,228 12 141,740 62 CAPITAL ONE MULTI-ASSET EXECUTION TR 2006-5 NT CL A 01-15- 175,000 161,622 07 129,432 62 CAPITAL ONE MULTI-ASSET EXECUTION TR 2007-7 NT CL A 5.75% 300,000 299,897.10 225,396.90 CAPITAL ONE MULTI-ASSET EXECUTION TR 2007-7 NT CL A 5 75% 500,000 388,125.00 375,661.50 CARDTRONICS DTD 8/15/2006 9.25% 8/15/2013 95,000.00 99,875.00 63,650.00 CARRIZO OIL & GAS INC DTD 5/28/2008 4.375% 6/1/2028 CONVERTIB 110,000.00 54,725 00 49,500 00 CARROLS CORP DTD 7/15/2005 9% 1/15/2013 95,000 00 92,600.00 64,125.00 CBG FLORIDA REIT CORP DTD 5/22/2007 7.114% 12/25/2050 325,000.00 113,925.00 52,984.75 CCO HLDGS LLC / CCO HLDGS CAP CORP DTD 5/15/2004 8.75% 11/1 160,000.00 136,875.00 100,800 00 CENTENNIAL COMMUNICATIONS DTD 12/21/2005 10% 1/1/2013 150,000 00 153,125.00 155,250.00 CENTRAL EUR DISTR CORP DTD 3/7/2008 3.0% 3/15/2013 CONVERTI 75,000.00 44,287 50 37,125.00 CENTURY ALUMINUM COMPANY DTD 2/1/2005 1.75% 8/1/2024 CONV 85,000.00 54,248.50 44,943.75 CENTURY ALUMINUM COMPANY DTD 2/15/2005 7.5% 8/15/2014 50,000.00 44,500.00 28,750.00 CENVEO CORP DTD 6/1/2004 7.875% 12/1/2013 115,000.00 101,968 75 60,087.50 CHASE ISSUANCE TR 2005-10 NT CL A10 4 65000009537% DUE 12 775,000 762,375 98 740,662.85 CHESAPEAKE ENERGY CORP DTD 6/15/05 6.375% 6/15/2015 65,000.00 45,500.00 51,350.00 CIGNA CORP DTD 1/8/2001 7% 1/15/2011 50,000.00 52,834 70 49,312.00 CIGNA CORP DTD 3/1/1993 7 65% 3/1/2023 150,000 00 177,124.65 132,748.50 CINCINNATI BELL INC SUB NT DTD 11/19/2003 8.375% 1/15/2014 230,000.00 231,637.50 177,100 00 CIT GROUP INC DTD 7/28/2006 5.8% 7/28/2011 105,000 00 88,687.50 87,985.80 CIT GROUP INC NEW CIT GROUP INC VAR RT DUE 08-17-2009 390,000 373,600.50 374,844 21 CIT GROUP INC VAR RT DUE 11-03-2010 BEO 390,000 363,948 00 300,787.50 CITIBANK CR CARD ISSUANCE TR CITIBANK ISS TR 2008 CITIBANK 200,000 200,000.00 132,186.80 CITIBANK CR CARD ISSUANCE TR SERIES 2007-A5 CLASS-A5 5.59 450,000 449,523.00 441,450.45 CITIGROUP INC 6 DUE 08-15-2017 BEO 476,000 444,522 12 473,815 16 CITIGROUP INC 8.3 DUE 12-21-2077 BEO 225,000 205,788.45 173,528 32 CITIGROUP INC 8.3 DUE 12-21-2077 BEO 500,000 362,410.00 385,618 50 CITIGROUP INC CITIGROUP INC 5.875 DUE 05-29-2037 BEO 224,000 206,124.80 223,830 65 CITIGROUP INC DTD 11/21/2007 6.125% 11/21/2017 125,000 00 124,465.00 126,317.50 CITIGROUP INC DTD 5/13/2008 FLTG RATE 5/15/2018 250,000 00 250,000 00 182,317.50 CITIZENS COMMUNICATIONS DTD 3/23/2007 6.625% 3/15/2015 185,000.00 174,162 50 135,050.00 COMCAST CORP DTD 11/14/2005 5.85% 11/15/2015 50,000.00 49,996.00 47,294.50 COMCAST CORP DTD 3/2/2006 5.9% 3/15/2016 65,000.00 64,910.30 62,063.30 COMCAST CORP DTD 3/2/2006 6.45% 3/15/2037 25,000 00 20,617 25 24,878.00 COMCAST CORP DTD 5/15/2003 5.3% 1/15/2014 175,000.00 179,497.85 163,647 75 COMCAST CORP DTD 5/7/2008 6.4% 5/15/2038 50,000.00 39,195.00 49,883.00 COMCAST CORP DTD 7/14/2006 6.5% 1/15/2017 50,000.00 49,879.50 49,385.50 COMCAST CORP DTD 8/23/2007 6.3% 11/15/2017 125,000.00 117,254.10 121,686.25 COMMUNITY HEALTH SYSTEMS DTD 7/25/2007 8.875% 7/15/2015 180,000 00 179,178.60 165,600.00 COMSTOCK RESOURCE INC DTD 2/25/2004 6.875% 3/1/2012 135,000.00 128,531 25 103,950.00

Page 10 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

CONEXANT SYSTEMS INC DTD 3/7/2006 4% 3/1/2026 CONVERTIBLE ^ 130,000 00 101,976 00 61,912 50 CONSOL ENERGY INC DTD 3/7/2002 7.875% 3/1/2012 50,000.00 49,000 00 48,375 00 CONSTAR INTERNATIONAL DTD 8/15/2005 FLTG RATE 2/15/2012 55,000.00 45,375.00 30,250 00 CONSTELLATION BRANDS INC DTD 11/15/2007 7 25% 5/15/2017 115,000.00 104,325.00 108,675 00 CONSTELLATION BRANDS INC DTD 12/5/2007 8.375% 12/15/2014 35,000 00 31,500 00 33,250.00 COTT BEVERAGES USA INC DTD 12/21/2001 8% 12/15/2011 180,000.00 145,239.55 109,800.00 COUNTRYWIDE HOME LNS INC MEDIUM TERM NTSTRANCHE # TR 60,000 60,399.00 59,736.12 COUNTRYWIDE HOME LNS INC MEDIUM TERM NTSTRANCHE # TR 190,000 184,187 60 187,773.39 COVIDIEN INTERNATIONAL F DTD 4/15/2008 6% 10/15/2017 50,000.00 49,963 50 49,325.50 COVIDIEN INTL FIN S A SR NT 6% DUE 10-15-2017 REG 552,000 551,597.04 544,551.31 COX COMMUNICATIONS INC DTD 12/1/2006 5.875% 12/1/2016 75,000.00 75,104.00 66,696.75 COX COMMUNICATIONS INC DTD 12/15/2004 5.45% 12/15/2014 200,000.00 195,883 25 174,912 00 COX COMMUNICATIONS INC DTD 12/15/2008 9 375% 1/15/2019 125,000.00 123,991.25 130,787.50 COX COMMUNICATIONS INC DTD 9/22/2003 5 5% 10/1/2015 75,000 00 72,567.75 66,888 00 CRICKET COMMUNICATIONS I DTD 5/1/2007 9 375% 11/1/2014 135,000 00 125,350.00 121,500.00 CSC HLDGS INC SR NT SER B DTD 07/13/1999 8 125% 7/15/2009 80,000.00 78,600 00 79,600.00 CSX TRANS DTD 12/13/2007 6.251% 1/15/2023 72,147.48 72,147 48 67,380 70 CSX TRANSPORTATION INC DTD 10/24/2008 8.375% 10/15/2014 100,000.00 100,000 00 103,825.00 DAE AVIATION HOLDINGS DTD 7/31/2007 1125% 8/1/2015 65,000 00 63,518 79 26,650 00 DAIMLERCHRYSLER AUTO TR 2006-C NT CL A-44 98% DUE 11-08-20 300,000 297,210 94 286,773 60 DAIMLERCHRYSLER AUTO TR 2008-A NT CL A3A3.70000004768% Dl 450,000 449,945.10 419,910 30 DAVITA INC DTD 3/22/2005 6.625% 3/15/2013 110,000 00 105,775 00 104,500 00 DAVITA INC DTD 3/22/2005 7.25% 3/15/2015 40,000.00 34,900 00 38,000 00 DEL MONTE CORP DTD 12/15/2003 8 625% 12/15/2012 105,000 00 105,800 00 101,850 00 DELTA AIR LINES PASSTHRU CTF DTD 11/16/2000 7.57% 11/18/2010 35,000 00 29,750 00 29,400 00 DIAGEO CAP PLC GTD NT 5.75% DUE 10-23-2017 BEO 500,000 441,815.00 483,800 50 DILLARD DEPT STORES INC DEB DTD 10/01/1992 7 850% 10/01/2012 250,000.00 271,250.00 151,250.00 DISCOVER CARD EXECUTION NT TR 2008-3 NT CL A 5.09999990463 735,000 734,439.93 690,764.76 DISCOVER CARD EXECUTION NT TR SER 2007-Al CL Al 5.65 DU 350,000 346,007.81 265,039.25 DISCOVER CARD EXECUTION NT TR SER 2007-Al CL Al 5.65 DU 500,000 383,593 75 378,627 50 DOMTAR CORP DTD 11/19/2007 9 5% 8/1/2016 85,000.00 95,625.00 54,167 10 DOW CHEM CO SR NT 5.7% DUE 05-15-2018 REG 915,000 910,909 95 812,893 32 DOW CHEMICAL CO DTD 11/9/99 7 375% DUE 11/1/2029 225,000 00 261,639 80 211,900 50 DYN-RSTN/DNKM PT TRUST B PASSTHRU CTF DTD 5/8/2001 7.67% 1 130,000.00 130,325.00 92,381.90 ELIZABETH ARDEN INC DTD 1/13/2004 7.75% 1/15/2014 127,000.00 126,120.00 82,550 00 ESCROW ESB ADELPHIA CO DTD 11/16/1999 9.375% 11/15/2009 SEC 55,000.00 1,581.25 EXIDE TECHNOLOGIES DTD 9/15/2006 10.5% 3/15/2013 130,000.00 123,656 25 76,700.00 EXPEDIA INC DTD 6/24/2008 8 50% 7/1/2016 70,000.00 69,006.45 52,150.00 FANNIE MAE GRANTOR TRUST SERIES 2001-T3 Al 7.50% 2/25/2029 62,445.78 67,051 19 65,743.54 FED HOME LOAN MTG CORP PASS THRU CTF GOLD POOL NMBR G' 96,192.39 100,673.44 99,746.70 FEDERAL HOME LN MTG CORP GOLD PASS THRU CTF POOL NMBR 65,037.64 67,639.16 67,440 13 FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTE 89,599.15 94,890.88 93,575.56 FEDERAL HOME LN MTG CORP PARTN CTFS GROUP 18-0057 8% 7/1 48 09 49 08 48 86 FEDERAL HOME LN MTG CORP PASSTHRU DTD 2/1/2003 7.0% 2/25/2 111,608.04 118,374 86 114,050 02 FEDERAL HOME LN MTGE CORP PASS THRU CTF POOL NMBR 1QO( 392,593.70 385,048 54 396,511.79 FEDERAL HOME LOAN MORTG CORP GOLD PASS THRU CTF POOL 208,142.10 212,776 52 217,833 20 FEDERAL HOME LOAN MORTGAGE CORP GOLD PASSTHRU CTF PC 824,322 56 855,492 25 857,122.35 FEDERAL HOME LOAN MORTGAGE CORP GOLD PASSTHRU CTF PC 679,223.89 691,747 09 704,368.76 FEDERAL HOME LOAN MORTGAGE CORP PASSTHRU CTF POOL NV 621,704.99 620,150.72 634,033 40 FEDERAL HOME LOAN MTG CORP GOLD PASS THRU CTF POOL # E 236,718.78 247,770 97 245,470.27 FEDERAL HOME LOAN MTGE CORP GOLD PASSTHRU CTF POOL NN 215,576.40 222,755.28 223,524.70 FEDERAL NATIONAL MORTGAGE ASSN DTD 2/1/2004 7% 2/25/2044 E 71,637.80 75,622 66 73,943.82 FEDERAL NATIONAL MORTGAGE ASSN PASS THRU CTF POOL NMB 681,848.18 697,829 00 708,331.16 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 349,192 98 365,916 05 366,020.59 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 201,665.53 203,524.61 206,523.65 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 195,588.47 197,177.64 200,300.20 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 93,174.43 97,862.26 98,064.22 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 250,070 98 257,201 93 260,934 06

Page 11 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 249,355.74 254,233.45 257,424 89 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 367,379.67 364,452.12 379,392 99 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 195,094 12 194,545.43 201,778 04 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 104,979.51 106,669.02 107,508.47 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 832,093 55 849,645.52 864,412 06 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 115,061.58 118,360.61 117,833 41 FEDERAL NATIONAL MORTGAGE ASSN PASSTHRU CTF POOL NMBF 281,879 82 290,754.62 288,670.30 FEDERAL NATIONAL MTG ASSN PASSTHRU CTF POOL NMBR 54562 188,790.17 199,551.22 196,426.73 FEDERAL NATIONAL MTGE ASSN PASSTHRU CTF POOL # 725678 6° 170,152.39 178,347 25 177,276 67 FEDERAL NATL MORTGAGE ASSN PASSTHUR CTF POOL NMBR 725 133,188.34 139,602.94 138,764 94 FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL NBR 03 7,371 17 7,736.67 7,684 37 FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL NBR 32 40,186.27 42,178.79 41,893 78 FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 303052 8% 1 134 92 141.27 137 99 FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL NBR 555065 45,377.83 47,627 81 47,305.93 FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL NBR 555066 33,435.38 34,612.96 34,782 83 FEDERAL NATL MTG ASSN GTD REMIC PASS THRU TR 7.0% 6/25/20: 78,625 52 83,072.59 82,728 99 FEDERAL NATL MTG ASSN PASS THRU CTF POOL NBR 545962 5 5% 40,983 16 42,426 55 42,634 78 FEDERAL NATL MTG ASSN PASS THRU CTF POOL NBR 735415 6 5°/. 130,925 14 134,607 41 137,021 01 FEDERAL NATL MTG ASSN PASS THRU CTF POOL NMBR 252979 7% 121,952 26 129,984 30 128,929 15 FEDERAL NATL MTG ASSN PASS THRU CTF POOL NMBR 725038 5 5 231,328 73 239,127.28 239,494 63 FEDERAL NATL MTG ASSN PASSTHR CTF POOL NMBR 879052 ADJ f 462,911.12 457,775.71 467,202 31 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NBR 461628 5.32°/ 69,688 58 70,037.04 72,432.92 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NBR 725162 6% 2l 189,068 57 190,870 65 195,251.11 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NMBR 545261 5.7c 49,010.54 50,434 91 51,082 71 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NMBR 555285 6% 116,945 33 117,347 35 120,841.95 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NMBR 780989 FLT 315,268 39 305,958.13 314,893 22 FEDERAL NATL MTG ASSN PASSTHRU CTF POOL NMBR 897937 6% 501,717.04 509,184 77 521,233 83 FEDERAL NATL MTG ASSN PASSTHRU POOL NBR 725194 6% 12/1/2( 80,255 36 84,120.61 83,615.65 FEDERAL NATL MTG ASSN REMIC PASS THRU CTF DTD 7/1/2002 6% 229,255.54 234,291.65 231,376 15 FEDERAL NATL MTGE ASSN PASS THRU CTF POOL NMBR 252261 6. 114,734.55 121,384.90 119,286.07 FEDERATED RETAIL HOLDING DTD 11/29/2006 5.9% 12/1/2016 60,000 00 56,524.20 36,426 60 FELCOR LODGING LP DTD 6/4/2001 8.5% 6/1/2011 55,000 00 53,350.00 40,700.00 FORBES ENERGY SERVICES DTD 2/12/2008 11% 2/15/2015 85,000 00 83,083 93 51,000 00 FORD CR AUTO OWNER TR 2007-A NT CL A-4A 5 47% DUE 06-15-201 150,000 136,359.38 139,145 85 FORD MOTOR CREDIT CO DTD 10/25/01 7.25% DUE 10/25/11 200,000.00 180,046.50 146,102.00 FORD MOTOT CREDIT CO DTD 1/30/2001 7.375% 2/1/2011 715,000.00 678,400 00 543,728.90 FREEPORT-MCMORAN C & G DTD 3/19/2007 8.25% 4/1/2015 35,000 00 28,087 50 29,750.00 FREEPORT-MCMORAN C & G DTD 3/19/2007 8.375% 4/1/2017 120,000.00 109,325.00 98,400 00 FRONTIER COMMUNICATIONS DTD 11/12/2004 6.25% 1/15/2013 40,000.00 31,200.00 34,000 00 GAYLORD ENTERTAINMENT CO DTD 5/15/2004 8% 11/15/2013 110,000 00 108,350.00 75,900 00 GC IMPSAT HLDGS I PLC DTD 2/14/2007 9 875% 2/15/2017 115,000 00 113,893.75 69,000.00 GCI INC DTD 2/17/2004 7.25% 2/15/2014 95,000 00 95,237.50 74,100 00 GE CAP CR CARD MASTER NT TR AST BACKEDNTCL A-2 5 4000000 800,000 799,973 92 758,400.00 GEN ELEC CAP CORP MEDIUM TERM NTS BO TR # TR 00793 6 15 ( 500,000 394,220 00 501,308 00 GENERAL CABLE CORP DTD 10/2/2007 1% 10/15/2012 CONVERTIBLE 105,000.00 56,050.00 65,493.75 GENERAL CABLE CORP DTD 7/1/2007 FLTG RATE 4/1/2015 70,000 00 62,125 00 32,725 00 GENERAL ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY MTN 995,000 746,395 00 765,992.79 GENERAL MOTORS ACCEPT CORP DTD 9/12/01 6 875% DUE 9/15/20 830,000 00 703,248 50 672,001.20 GLITNIR BANKI HF MEDIUM TERM SR BK NTS BTRANCHE # TR 0000 1,000,000 997,760.00 47,500.00 GLOBAL CASH ACC/FINANCE DTD 9/15/2004 8 75% 3/15/2012 145,000 00 133,475 00 116,000.00 GLOBAL CROSSING UK FIN DTD 6/15/2005 10 75% 12/15/2014 75,000 00 81,656 25 52,875 00 GMAC LLC DTD 12/31/2008 8 0% 11/1/2031 200,000 00 112,888 87 118,878 00 GOVT NATL MTGE ASSN MBS POOL NBR 781321 7.5% 11/15/2024 56,366.86 60,669 50 59,592.74 GRAHAM PACKAGING CO DTD 4/15/2005 8.5% 10/15/2012 145,000 00 133,800 00 103,312 50 GSC HOLDINGS CORP DTD 4/1/2006 8% 10/1/2012 45,000.00 42,387.50 41,850.00 HALLIBURTON CO HALLIBURTON CO 6.7% DUE 09-15-2038 BEO 500,000 494,395 00 540,858.00 HCA HEALTHCARE CO NT 8.750% 09/01/2010 DD 08/23/00 125,000 00 142,328 13 120,000.00 HCA HEALTHCARE CO SR NT DTD 1/26/2001 7.875%2/1/2011 175,000 00 192,532.81 154,000 00

Page 12 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

HCA INC DTD 5/15/2007 9 25% 11/15/2016 300,000.00 306,260.12 275,250.00 HCA INC DTD 7/28/2003 6.75% 7/15/2013 125,000.00 129,145.00 78,750.00 HEALTH NET INC DTD 5/18/2007 6.375% 6/1/2017 80,000 00 76,636 20 32,000 00 HELIOS ADVANTAGE INCOME FD INC COM DO NOT USE SEE SEC#3 42,487 663,057.36 37,388.56 HELIOS STRATEGIC INCOME FD INC COM DO NOT USE SEE SEC#3- 47,665 727,694.58 40,991.90 HELIX ENERGY SOLUTIONS DTD 12/21/2007 9.5% 1/15/2016 55,000.00 55,187.50 29,150.00 HEWLETT-PACKARD CO DTD 12/5/2008 6.125% 3/1/2014 300,000.00 298,683.00 318,900.00 HOLOGIC INC DTD 12/10/2007 STEP CPN 12/15/2037 CPN=2% TIL 12/ 110,000.00 55,996 90 63,937.50 HORIZON LINES INC DTD 8/8/2007 4.25% 8/15/2012 CONVERTIBLE UI 75,000.00 42,750.00 38,437.50 HOST HOTELS & RESORTS DTD 3/23/2007 2.625% 4/15/2027 CONVEF 75,000.00 71,794.80 48,468 75 HSBC BK USA N A GLOBAL MEDIUM TERM SUB BTRANCHE # SB 001 750,000 740,977.50 829,038.00 HSBC HLDGS PLC SUB NT 6.5% DUE 09-15-2037 BEO 500,000 405,620.00 507,792.50 HSBC HOLDINGS PLC DTD 5/3/2006 6.5% 5/2/2036 175,000.00 183,947 15 177,679 25 HSN DTD 7/28/2008 11.25% 8/112016 70,000.00 69,776 00 51,450.00 HUB INTL HOLDINGS DTD 6/13/2007 9% 12/15/2014 145,000 00 119,325.00 88,631.25 INTERFACE INC DTD 8/1/2004 9.5% 2/1/2014 80,000.00 82,725.00 64,000.00 INTERNATIONAL COAL DTD 6/23/2006 10.25% 7/15/2014 95,000 00 89,750.00 71,250 00 INTERNATIONAL COAL DTD 7/31/2007 9% 8/1/2012 CONVERTIBLE U' 25,000.00 15,000.00 13,312 50 INTL GAME TECHNOLOGY DTD 12/20/2006 2.6% 12/15/2036 CONVER 50,000 00 46,500 00 47,250 00 INTL LEASE FIN CORP- MEDIUM TER TRANCHE # TR 00590 6 375 DU 717,000 725,467 18 487,055.23 INVACARE CORP DTD 2/12/2007 9 75% 2/15/2015 55,000.00 55,370.45 48,675 00 ISLE CAPRI CASINOS INC DTD 3/3/2004 7% 3/1/2014 155,000.00 117,825 00 65,875.00 JARDEN CORP DTD 2/13/2007 7 5% 5/1/2017 75,000 00 69,400.00 51,187.50 JOHNSON & JOHNSON JOHNSON AND JOHNS 5.15% DUE 07-15-21 500,000 507,715 00 550,576.00 JOHNSON CONTROLS INC DTD 1/17/2006 5.5% 1/15/2016 30,000 00 21,075 00 23,248 20 JPMORGAN CHASE CAP XXV JPM CAP XXV 6.8 DUE 10-01-2037 BEC 1,183,000 1,086,481.39 1,089,998.45 JPMORGAN CHASE CAP XXV JPM CAP XXV 6 8 DUE 10-01-2037 BEC 500,000 366,860.00 460,692.50 KANSAS CITY SOUTHERN MEX DTD 6/1/2007 7.625% 12/1/2013 115,000 00 115,000.00 94,300.00 KANSAS CITY SOUTHERN RY DTD 12/18/2008 13% 12/15/2013 55,000.00 48,622 75 55,137 50 KAUPTHING BANK DTD 5/19/2006 7.125% 5/19/2016 175,000 00 174,076 00 1,312.50 KEY ENERGY SERVICES INC DTD 6/1/2008 8.375% 12/1/2014 45,000 00 45,225.00 29,700 00 KIMBERLY-CLARK SR NT 7.5 DUE 11-01-2018 BEO 350,000 348,719.00 412,145 65 KONINKLIJKE PHILIPS ELECTRS N V NT 6 875% DUE 03-11-2038/0 500,000 381,965.00 474,585 00 KONINKLIJKE PHILIPS ELECTRS N V NT 5.75%DUE 03-11-2018 REG 1,065,000 1,052,273.25 981,237.75 LAFARGE SA DTD 7/18/2006 6.5% 7/15/2016 120,000.00 121,277 60 80,966.40 LEVEL 3 FINANCING INC DTD 5/1/2007 9.25% 11/1/2014 80,000.00 72,950.00 46,400 00 LIBBEY GLASS INC DTD 12/1/2006 FLTG RATE 6/1/2011 80,000.00 86,000 00 28,800.00 LIBERTY MEDIA CORP DTD 2/2/2000 8.25% 2/1/2030 23,000.00 21,758 25 13,194 18 LIBERTY MEDIA CORP DTD 7/7/1999 8.5% 7/15/2029 39,000 00 33,590.00 22,359.09 LIBERTY MUTUAL GROUP DTD 12/24/2008 7 25% 9/1/2012 50,000.00 57,168 02 44,745.00 MACYS RETAIL HLDGS INC DTD 6/26/2008 7 875% 7/15/2015 90,000.00 90,196 75 64,823 40 MACYS RETIAL HLDGS INC DTD 3/24/99 6.9% 4/1/2029 125,000.00 68,125.00 68,198.75 MANDALAY RESORT GROUP DTD 7/21/1993 7.625% 7/15/2013 90,000 00 88,300 00 27,900.00 MANUFACTURERS & TRADERS TR CO 6.625% DUE12-04-2017 BEO 900,000 895,242.05 837,381.60 MARINER ENERGY INC DTD 4/30/2007 8% 5/15/2017 110,000 00 105,787.50 57,200.00 MARKWEST ENERGY PART/FIN DTD 11/1/2005 6 875% 11/1/2014 70,000.00 66,675.00 44,100.00 MARQUEE HOLDINGS INC DTD 8/18/2004 STEP CPN 8/15/2014 105,000.00 94,787 11 53,550.00 MARSHALL & ILSLEY CORP SR NT 5.626% DUE 08-17-2009 BEO 850,000 851,700.00 799,657.05 MASSACHUSETTS BAY TRANSN AUTH MASS REV 5.25% 07-01-2034 400,000 361,036 00 403,276 00 MAY DEPT STORES CO DTD 07/14/2000 8.0% 07/15/2012 200,000.00 232,553.80 152,772.00 MAY RETAIL HLDGS INC DTD 7/20/2004 6.7% 7/15/2034 25,000.00 21,162.00 13,664.00 MBIA INS CORP FXD/FLTG RATE SURPLUS NTS 144A DUE 01-15-203 515,000 513,950 00 262,650.00 MCDONALDS CORP MEDIUM TERM NTS BOOK ENT TRANCHE # TR C 500,000 451,845 00 548,928.50 MCGRAW-HILL COS INC SR NT 6 55 DUE 11-15-2037 REG 550,000 397,017 50 393,701 00 MEDIACOM LLC / MEDIACOM CAP CORP SR NT 9.5% 1/15/2013 110,000.00 113,575.00 83,050.00 MERCER INTL INC DTD 2/14/2005 9.25% 2115/2013 85,000 00 77,125.00 42,500.00 METLIFE INC SR DEB SECS SER A 6.817% DUE08-15-2018 REG 500,000 405,045.00 476,201.00 METLIFE INC SR DEB SECS SERA 6.817% DUE08-15-2018 REG 255,000 205,150.00 242,862.51

Page 13 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

MFC ABERDEEN ASIA-PAC INC FD 152,141 941,284.89 654,206 30 MFC ALLIANCEBERNSTEIN INC FD INC 37,395 289,312 59 264,756.60 MFC BLACKROCK CORPORATE HIGH YIELD FD V INC COM 27,786 338,901.63 167,549 58 MFC BLACKROCK CORPORATE HIGH YIELD FD VIINC COM 10,582 108,153.72 66,349.14 MFC BLACKROCK LTD DURATION INCOME TR COMSHS 27,118 438,357 91 290,976 14 MFC BLACKROCK PFD OPPORTUNITY TR COM SHS 20,056 455,618.86 149,417.20 MFC CALAMOS CONV & HIGH INCOME FD COM SHS 28,864 436,502 00 244,766 72 MFC CALAMOS CONV OPPORTUNITIES & INCOME FD SH BEN INT 30,022 502,641.33 248,882.38 MFC CALAMOS GLOBAL DYNAMIC INCOME FD COMSH OF BEN INT 9,311 50,606 22 53,817.58 MFC DWS HIGH INCOME TR SHS 39,257 246,743.46 113,845 30 MFC EATON VANCE LTD DURATION INCOME FD COM 23,678 371,797.92 234,175 42 MFC EVERGREEN INCOME ADVANTAGE FD COM SHS COM SHS 35,899 434,420.73 197,803.49 MFC EVERGREEN MULTI-SECTOR INC FD 21,815 343,414.66 222,513.00 MFC ING PRIME RATE TR SH BEN INT 67,268 383,521.97 220,639.04 MFC MFS MULTIMARKET INCOME TR SH BEN INT 34,814 172,480 77 167,455 34 MFC MORGAN STANLEY EMERGING MKTS DOMESTIC DEBT FD 12,077 168,956 35 126,687 73 MFC NICHOLAS-APPLEGATE CONV & INCOME FD 11 COM 20,793 175,872 30 89,409 90 MFC NUVEEN FLOATING RATE INC FD COM 10,919 115,332.28 65,950 76 MFC NUVEEN MULTI-STATEY INC & GROWTH FD II 33,472 310,990.99 163,008 64 MFC NUVEEN MULTI-STRATEGY INC & GROWTH FD 28,635 298,626 95 131,721.00 MFC NUVEEN QUAL PFD INC FD 2 10,993 101,596.38 55,404 72 MFC PIMCO CORPORATE OPPORTUNITY FD COM 14,850 215,540.72 155,331 00 MFC TEMPLETON GLOBAL INCOME FD 56,960 483,321.49 439,161.60 MFC VAN KAMPEN SR INC TR 52,260 317,333.24 133,785 60 MGM MIRAGE SR SUB NT 8 375% 2/1/2011 50,000.00 45,062.50 29,750 00 MILLICOM INTL CELLULAR DTD 12/1/2004 10% 12/1/2013 195,000.00 203,012 50 175,500.00 MIRANT MID-ATLANTIC LLC DTD 12/18/2000 10.06% 12/30/2028 100,353.00 116,660 36 92,324.76 MOBILE SVCS/STORAGE GRP DTD 8/1/2007 9 75% 8/1/2014 85,000.00 88,612.50 60,350 00 MOHEGAN TRIBAL GAMING DTD 2/20/2002 8% 4/1/2012 55,000.00 52,537.50 33,550 00 MOHEGAN TRIBAL GAMING DTD 8/3/2004 7 125% 8/15/2014 65,000 00 56,400.00 32,825 00 NEXTEL COMMUNICATIONS DTD 4/30/2005 6.875% 10/31/2013 70,000.00 56,775.00 29,750 00 NII HOLDINGS INC DTD 6/5/2007 3.125% 6/15/2012 CONVERTIBLE UN 160,000 00 115,737.50 97,000 00 NISSAN AUTO RECEIVABLES 2007-A OWNER TR CL A-4 FLT RT 06-1 600,000 535,125 00 539,874.60 NORANDA ALUMINIUM ACQUIS DTD 5/15/2008 FLTG RATE 5/15/2015 245,000 00 200,730 60 83,300 00 NORANDA ALUMINIUM HOLDIN DTD 5/15/2008 FLTG RATE 11/15/201, 130,000.00 95,025 00 20,800.00 NORDSTROM INC SR DEB 6 950% 03/15/2028 250,000 00 285,634.00 149,530 00 NORTH AMERN ENERGY PARTNERS INC DTD 6/1/2004 8.75% 12/1/2C 118,000.00 113,872.50 89,680 00 NORTHN TR CO MEDIUM TERM SR BK 5.850 11-09-2017 850,000 849,685.50 868,918.45 NRG ENERGY INC DTD 2/2/2006 7.375% 2/1/2016 160,000.00 143,450 00 148,800.00 NTL CABLE PLC DTD 4/15/2005 8.75% 4/15/2014 100,000.00 100,693 75 75,000 00 OED CORP / DIAMOND JO DTD 10/15/2004 8.75% 4/15/2012 90,000 00 89,391.00 61,650.00 OMNICARE INC DTD 12/15/2005 3 25% 12/15/2035 CONVERTIBLE UN' 130,000.00 75,920.00 72,962 50 ORION PWR HLDGS INC DTD 5/1/2001 12% 5/1/2010 105,000 00 104,575.00 105,000 00 PAETEC HOLDING CORP DTD 1/15/2008 9.5% 7/15/2015 255,000 00 226,787.50 151,725 00 PANTRY INC DTD 2/19/2004 7.75% 2/15/2014 165,000 00 127,600.00 113,850.00 PAYLESS SHOESOURCE INC DTD 7/28/2003 8 25% 8/1/2013 120,000 00 123,375 00 90,600.00 PEABODY ENERGY CORP DTD 10/12/2006 7.385% 11/1/2016 110,000 00 101,306 25 103,400.00 PEGASUS SOLUTIONS INC DTD 4/17/2007 10.5% 4/15/2015 90,000.00 90,000.00 61,200.00 PENN NATIONAL GAMING INC DTD 3/9/2005 6.75% 3/1/2015 50,000 00 43,625.00 38,000.00 PERRY ELLIS INTL INC DTD 9/22/2003 8.875% 9/15/2013 110,000.00 110,718.75 66,000 00 PETROHAWK ENERGY CORP DTD 7/12/2006 9.125% 7/15/2013 65,000.00 52,000.00 52,650.00 PETROLEUM DEVELOPMENT CO DTD 2/8/2008 12% 2/15/2018 135,000.00 136,022.00 84,375.00 PETROQUEST ENERGY INC DTD 5/11/2005 10.375% 5/15/2012 180,000.00 184,462.50 124,200 00 PHILIP MORRIS INTL INC 6.375% DUE 05-16-2038 BEO 500,000 388,485.00 520,032.50 PHILIP MORRIS INTL INC NT 5.65% DUE 05-16-2018 REG 864,000 862,464.46 856,511.71 PINNACLE ENTERTAINMENT DTD 3115/2004 8 25% 3/15/2012 70,000 00 68,325.00 53,200 00 PITNEY BOWES INC GLOBAL MEDIUM TERM NTS TRANCHE # TR 00( 600,000 524,148 00 583,182.00 PLAINS EXPLORATION & PRO DTD 6/19/2007 7.75% 6/15/2015 45,000.00 32,962.50 33,975.00

Page 14 of 16 Colcom Foundation 12/31/08 - List of Assets (Form 990-PF)

PREFERRED BLOCKER INC PREFERRED 50 00 112,888.86 0 00 PRIDE INTERNATIONAL INC DTD 7/7/2004 7.375% 7/15/2014 60,000.00 52,087.50 55,800 00 PRIMUS TELECOMM GROUP DTD 9/15/2003 3.75% 9/15/2010 80,000 00 29,800.00 3,200.00 PVTPL AMERICAN INTL GROUP INC NT 144A 8.25% DUE 08-15-2018 500,000 500,000.00 374,375 00 PVTPL AMERN EXPRESS TRAVEL RELATED SVCS INC SR NT 144A 5 450,000 443,137.50 428,806.35 PVTPL BANK AMER AUTO TR 2008-1 AUTO LN NT CL A-3-A 144A 4.9 480,000 479,969.14 459,687 84 PVTPL HBOS PLC MED TRM SUB NTS BK ENTRY TRANCHE # SB 000 1,020,000 982,725 30 897,700.98 PVTPL HBOS PLC MED TRM SUB NTS BK ENTRY TRANCHE # SB 000 500,000 409,780 00 440,049.50 PVTPL SANTANDER PERP S A UNIPRSNL USDGTDSTEP-UP NT 144P 800,000 800,000.00 531,574.40 PVTPL STD CHARTERED BK STANDRD CHRT BK 6.4 9 26 17144 6 41 250,000 234,990 00 215,558.00 PVTPL STD CHARTERED BK STANDRD CHRT BK 6.4 9 26 17144 6.4 I 500,000 412,515 00 431,116.00 PVTPL TESCO PLC 6.15 DUE 11-15-2037 BEO 500,000 354,975 00 441,590 50 PVTPL TESCO PLC 6.15 DUE 11-15-2037 BEO 350,000 343,693.00 309,113.35 QUICKSILVER RESOURCES INC DTD 6/27/2008 7 75% 8/1/2015 50,000.00 49,212.50 31,750 00 QWEST CAPITAL FUNDING DTD 7/30/2001 7% 8/3/2009 80,000.00 78,900.00 78,400 00 QWEST COMMUNICATIONS INT DTD 11/8/2005 3.5% 11/15/2025 CON' 95,000 00 74,675 00 79,918.75 QWEST COMMUNICATIONS INTL INC DTD 2/15/2005 7.5% 2/15/2014 60,000.00 61,500.00 42,900 00 REGIONS BK BIRMINGHAM ALA MEDIUM TERM SUTRANCHE # SB 0 500,000 412,500.00 446,561.00 REGIONS FINL CORP NEW REGIONS FINL 7 375% DUE 12-10-203 396,000 394,812 00 291,341 16 RELIANT ENERGY INC DTD 12/22/2004 6.75% 12/15/2014 65,000 00 56,762 50 58,500 00 RES-CARE INC DTD 10/3/2005 7.75% 10/15/2013 90,000.00 85,981.25 73,350.00 RIO TINTO FIN USA LTD BD 5.875% DUE 07-15-2013 BEO 300,000 203,250.00 238,953.90 RIO TINTO FIN USA LTD GTD NT 7 125% DUE 07-15-2028 REG 500,000 403,325.00 352,982 50 RIO TINTO FIN USA LTD NT 6 5% DUE 07-15-2018 REG 875,000 867,396 25 641,524.62 RITE AID CORP DTD 2/21/2007 7 5% 3/1/2017 100,000.00 82,700.00 65,000.00 ROYAL CARIBBEAN CRUISES DTD 6/12/2006 7% 6/15/2013 110,000.00 97,687.50 62,700.00 SANMINA-SCI CORP DTD 2/15/2006 8 125% 3/1/2016 85,000.00 76,925.00 33,150 00 SAVVIS INC DTD 5/9/2007 3% 5/15/2012 CONVERTIBLE UNTIL 5/15/20 145,000 00 127,167 85 61,625 00 SEITEL INC DTD 8/15/2007 9.75% 2/15/2014 155,000 00 133,037 50 55,800 00 SELECT MEDICAL CORP DTD 2/24/2005 7.625% 2/1/2015 255,000 00 205,325 00 135,150 00 SENSUS METERING SYS INC DTD 6/15/2004 8 625% 12/15/2013 75,000.00 72,000 00 54,750.00 SINCLAIR BROADCAST GROUP INC DTD 6/15/2005 6% 9/15/2012 COP 60,000.00 59,238.59 27,300.00 SLM CORP DTD 6/18/2008 8 45% 6/15/2018 185,000.00 181,355 50 146,264.70 SLM STUDENT LOAN TRUST PASSTHRU CTF DTD 1/25/2007 2.8% 1/2 347,945 23 347,945 23 337,221.56 SLM STUDENT LOAN TRUSTPASTHRU CTF DTD 6/21/2006 FLT RT 7/: 96,073.17 95,397 66 93,174.64 SMALL BUSINESS ADMIN 7 3% DUE 9/1/2019 14,887.70 16,299.71 15,683 30 SMALL BUSINESS ADMIN DTD 4/12/2000 7 47% 4/1/2020 103,681.91 111,841 68 110,032.43 SMALL BUSINESS ADMIN DTD 5/13/1998 6 3% 5/1/2018 42,843.61 45,374.06 44,396.69 SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 2000-10C 7 57,946.96 62,658.41 61,605 15 SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 2002-20 A I 120,322.72 128,707.71 125,924.95 SMALL BUSINESS ADMIN GTD PARTN CTF DEB SER 97-H 6.8% 08/01 17,291.73 18,418.40 18,069 86 SMALL BUSINESS ADMINISTRATION PART PASS THRU CTF DTD 3/1. 27,215.97 27,488.14 28,092.05 SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTS PASSTI 128,280.49 135,055.31 137,620.59 SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTS SER 20 46,218.80 51,331.76 49,179.58 SOUTHWESTERN ENERGY CO DTD 1/16/2008 7.5% 2/1/2018 45,000.00 37,575 00 39,375 00 SPANSION LLC DTD 5/18/2007 FLTG RATE 6/1/2013 180,000.00 128,550.00 32,400 00 SPRINT CAP CORP DTD 5/6/99 6.9% 5/1/2019 50,000.00 42,625.00 35,500 00 SPRINT CAP CORP NT DTD 11/16/1998 6 875% 11/15/2028 25,000.00 20,062.50 14,875.00 SPRINT NEXTEL CORP DTD 11/20/2006 6% 12/1/2016 125,000 00 114,622.00 88,125 00 SPRINT NEXTEL CORP DTD 11/20/2006 6% 12/1/2016 245,000.00 208,518 75 172,725 00 ST PAULS COS INC SR NT 8.125% 04/15/2010 DD 04/17/00 150,000 00 174,372.75 153,501.00 SUN HEALTHCARE GROUP INC DTD 4/12/2007 9.125% 4/15/2015 70,000.00 71,925 00 61,250.00 SUNGARD DATA SYSTEMS INC DTD 2/15/2006 9.125% 8/15/2013 65,000 00 69,306.25 56,225.00 SYNIVERSE TECHNOLOGIES DTD 8/24/2005 7.75% 8/15/2013 90,000 00 87,550.00 46,012 50 TARGET CORP NT 7 DUE 01-15-2038/01-17-2008 REG 500,000 409,565.00 463,397.50 TARGET CORP TARGET CORP 6% DUE 01-15-2018/01-17-2008 f 500,000 495,970.00 484,112.00 TEAM HEALTH INC DTD 6/1/2006 11 25% 12/1/2013 80,000.00 85,409.00 62,800.00 TEREX CORP DTD 1/15/2004 7.375% 1/15/2014 90,000.00 87,975.00 78,300.00

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TERREMARK WORLDWIDE INC DTD 5/1/2007 6.625% 6/12/2013 130,000.00 129,839 81 88,767.25 TESCO PLC 5.5 DUE 11-15-2017 BEO 355,000 353,505.45 329,087.48 TFM SA DE CV DID 11/1/2005 9.375% 5/1/2012 150,000.00 161,250.00 137,250.00 THERMADYNE HOLDINGS CORP DTD 2/5/2004 9.25% 2/1/2014 70,000.00 67,008.96 49,000.00 TIME WARNER CABLE INC 43 82 1,11849 939 86 TIME WARNER CABLE INC DTD 11/18/2008 8 75% 2/14/2019 100,000.00 98,333.50 108,734 00 TIME WARNER TELECOM HLDGS INC DTD 2/20/2004 9.25% 2/15/2014 145,000 00 150,837 50 118,900.00 TITAN INTERNATIONAL INC DTD 12/28/2006 8% 1/15/2012 90,000.00 87,487.50 66,600 00 TRANSCANADA PIPELINES LTD FOR FUTURE ISS6.2 DUE 10-15-20 105,000 105,471 45 91,207 51 TRANSOCEAN INC DTD 12/11/2007 1.50% 12/15/2037 CONVERTIBLE 40,000 00 28,950.00 30,800.00 TRANSOCEAN INC DTD 12/11/2007 1.625% 12/15/2037 CONVERTIBLE 40,000.00 33,600 00 34,850 00 TRAVELERS COS INC DTD 5/29/2007 5.75% 12/15/2017 60,000.00 59,842 80 57,690.00 TRAVELERS COS INC TRAVELERS COMPANIES INC 5.800 5.8% DUI 395,000 394,640 55 380,519.30 TXU ENERGY CO LLC DTD 10/31/2007 10.25% 11/1/2015 170,000 00 155,850 00 120,700.00 UNION PACIFIC CORP DTD 10/7/2008 7.875% 1/15/2019 75,000.00 74,862 75 85,682.25 UNION PACIFIC RAILROAD DTD 4/30/1998 6.7% 2/23/2019 22,514.55 23,330 70 22,858.80 UNION PACIFIC RAILROAD PASS THRU DTD 9/28/2000 8.0% 1/10/202 246,940.74 300,539 24 266,409 55 UNION PACIFIC RR CO PASSTHRU CTF DTD 7/27/2006 5 866% 7/2/20 99,227 86 99,731 69 92,692 71 UNION PLANTERS MTG FIN CORP 2000-1 MTG PASSTHRU CTF CL A 41,925.37 44,181 38 45,830 30 UNITED REFINING CO DTD 8/6/2004 10 5% 8/15/2012 95,000.00 92,012.50 55,100 00 UNITED SURGICAL PARTNERS DTD 4/19/2007 8.875% 5/1/2017 90,000.00 90,825.00 61,650 00 UNITED TECHNOLOGIES CORP NT 6.125% DUE 02-01-2019 REG 525,000 535,400 25 561,694.35 UNUMPROVIDENT CORP DTD 3/9/2001 7.625% 3/1/2011 24,000.00 24,960.00 23,660.88 UNUMPROVIDENT FINANCE CO DTD 11/16/2005 6.85% 11/15/2015 40,000.00 40,196 50 32,709.20 US STEEL CORP DTD 12/10/2007 7% 2/1/2018 35,000.00 24,237.50 23,853.90 VANGENT INC DTD 8/15/2007 9.625% 2/15/2015 75,000.00 60,900.00 43,593 75 VERIZON COMMUNICATIONS INC NT 6.9% DUE 04-15-2038 BEO 500,000 387,710.00 562,627.00 VOUGHT AIRCRAFT INDS INC DTD 7/15/2004 8%a 7/15/2011 235,000.00 221,550.00 158,625.00 WACHOVIA BK NATL ASSN MEDIUM TERM SUB BKTRANCHE # SB ( 500,000 412,710.00 542,454 00 WACHOVIA BK NATL ASSN MEDIUM TERM SUB BKTRANCHE # SB C 300,000 299,376.00 325,472.40 WACHOVIA CORP DTD 1/31/2008 5 75% 2/1/2018 125,000 00 124,465.00 125,248.75 WACHOVIA CORP DTD 4/23/07 FLTG RATE 4/23/2012 235,000.00 235,000.00 211,128 70 WACHOVIA CORP DTD 4/25/2008 FLTG RATE 5/1/2013 250,000.00 250,000.00 223,540 00 WAL-MART STORES INC NT 6.5 DUE 08-15-2037 REG 500,000 460,035.00 593,657.00 WASTE MANAGEMENT INC DTD 2/9/2001 7.375% 8/1/2010 50,000.00 47,750.00 50,669.50 WELLPOINT INC DTD 12/9/2004 5% 12/15/2014 65,000.00 63,592.75 56,459 65 WELLPOINT INC NT DTD 1/10/2006 5 25% 1/15/2016 175,000.00 170,874.00 154,920.50 WELLS FARGO COMPANY DTD 12/10/2007 5 625% 12/11/2017 115,000.00 114,521 60 119,977 20 WESCO DISTRIBUTION INC DTD 4/15/2006 7.5% 10/15/2017 70,000.00 71,550.00 45,762.50 WESCO INTERNATIONAL INC DTD 11/2/2006 1 75% 11/15/2026 CONV 55,000.00 35,464 00 30,318 75 WINDSTREAM CORP DTD 7/17/2006 8 125% 8/1/2013 55,000.00 45,650 00 50,600.00 WYETH DTD 11/14/2005 5.5% 2/15/2016 25,000.00 25,261 25 25,457 00 WYETH DTD 12/16/2003 5 5% 2/1/2014 175,000 00 181,793 67 177,763.25 WYETH DTD 3/27/2007 5.45% 4/1/2017 100,000.00 99,793.00 101,850.00 XEROX CORP DTD 8/10/2004 6.875% 8/15/2011 25,000.00 25,506.00 21,610.25 XEROX CORPORATION 3/20/2006 6.4% 3/15/2016 180,000.00 161,053.00 140,400.00 XEROX CORPORATION DTD 3/28/1996 7 2% 4/1/2016 350,000.00 369,875.00 261,320.50 XEROX CORPORATION DTD 5/17/07 5.5% 5/15/2012 50,000 00 39,500 00 41,902 50 YUM BRANDS INC DTD 10/19/2007 6 25% 3/15/2018 50,000.00 40,061.50 43,144.00 Colchester 402,635 36 10,395,548.51 9,729,983.00 Putnam 746,669.05 15,667,865.05 8,780,828 01 122,544,074 09 103,766,472.23

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