Return of Private Foundation OMB No 1545-0052 Fomt 990-P F or Section 4947(a)(1) Nonexempt Charitable Trust ^0 O Department of the Treasury Treated as a Private Foundation Internal Revenue Seance Note. The foundation may be able to use a copy of this return to satisfy state reportin g req uirements For calendar year 2010 or tax year beoinnina , 2010, and ending .20 G Check all that apply. Initial return Initial return of a former public charity Final return H Amended return Address change Name change Name of foundation A Employer identification number AT&T FOUNDATION 43-1353948 Number and street (or P 0 box number If mail is not delivered to street address ) Room/suite B Telephone number (see page 10 of the instructions) 208 S. AKARD 100 (800) 591-9663 C If exemption application is City or town, state , and ZIP code here ► pending, check D 1 Foreign organizations , check here . ► DALLAS, TX 75202-4206 2 Foreign organizations meeting the 85% test, check here and attach Check type of or9anization X Section 501 c 3 exempt private foundation H () computation , . , , . , ► Section 4947 (a)( 1 ) nonexem pt chartable trust Other taxable rivate foundation E I f private foundation status was terminate d market value of all assets at end J Accounting method Cash X Accrual I Fair under section 507(b)(1)(A), cheek here ► F-1 of year (from Part ll, col (c), line q Other (specify) ---------------------- F If the foundation is in a 60-month termination on cash under 507(b)(1)(B), here 16) 111- $ 45,095,569 . (Part 1, column (d) must be basis) section check . ► Analysis of Revenue and Expenses (The (d) Disbursements 6*^1 total of amounts in columns (b), (c), and (d) (a ) Revenue and (b) Net investment (c) Adjusted net for chartable may not necessarily equal the amounts in expenses per income income purposes Q1Z books column (a) (see page 11 of the instructions)) (cash basis onl y) 7-1 I contributions ins, grants , etc, received (attach schedule) 0 X if the foundation is not required to w 2 Check ► attach Sch B , . 3 Interest on savings and temporary cash investments 1, 493, 437. 1, 493,437. 4 Dividends and interest from securities . 224,828. 224,828. ATCH 1 z 5a Gross rents . ... ...... ..... -754. -754. b Net rental income or (loss) - 7 5 4 . a 6 a Net gain or (loss) from sale of assets not on line 10 2,592,320. Gross sales pace for all C.? b 2 , 592 , 320. d assets on line 6a w 7 Capital gain net income (from Part IV, Itne 2) . 2, 592, 320. 8 Net short-term capital gain . 9 Income modifications • • • • • • • • • 23,246. 10 a Gross sales less returns and allowances b Less Cost of goods sold c Gross profit or (loss) (attach schedule) • • , • 11 Other income (attach schedule) • • • • , • , 643, 214. 280, 863. ATCH 2 12 Total. Add lines 1 throu g h 11 4, 953, 045. 4, 590, 694. 23,246. 13 Compensation of officers, directors, trustees, etc 0 15 Pension peak ben fit 1 a Lega ees (attach schdule) , • • , • b Acc0 n g e^^h ch^ycuts) ATC . 25,733. 0. 0. 0 W c Othepfelol^3lf^ss^ttahhs^hedule 790,754. 133,760. .^-. 1 Interest , , , , , , , , , , , , , , . 1 , ,)* 60,025. 25. 19 De recl E 20 Occupancy . 21 Travel, conferences, and meetings • • • • , M 22 Printing and publications , • , , • • , • , , 23 Other expenses (attach schedule) ATCH• 6 • 223, 319. 188, 591. 24 Total operating and administrative expenses. a Add lines 13 through 23 • , , . • • • • • 1, 099, 831. 322, 376. 0. 0 0 25 Contributions, gifts, grants paid . ... 18, 567, 032. 18, 567, 032 , 26 Total expenses and disbursements Add lines 24 and 25 19, 666, 863. 322, 376. 0. 18, 567, 032. 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -14, 713,818 . b Net investment income (if negative, enter -0-) 4,268,318. c Adjusted net Income ( if negative, enter -0- ) . 23,246. 1 For Paperwork Reduction Act Notice , see page of the instructions . * H'1'Uh 4 JSA *' Form USU-NF (2010) 0E14101000 30 ATCH b 75843W 1385 11/9/2011 12:04:10 CopyPM V 10-8.2 60018148-0TH1 PAGE 2 A Form 990-PF (2010) 43-1353948 Paget Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column shou ld be for end-of-year amounts only (See instructions ) (a) Book Value ( b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing .. .. .. .. .. .... 348,416. 0. 0. 2 Savings and temporary cash investments .. .. 13, 503, 090. 11, 067, 821. 11,067,821. Accounts receivable 2, 359,784 . 3 ►------------------------ Less allowance for doubtful accounts , 470, 204. , 359, 784. ,359,784. ► ------------- 4 Pledges receivable ► ------------------------ Less allowance for doubtful accounts ► _ _ _ _ _ _ _ _ _ _ _ _ _ 5 Grants receivable . 6 Receivables due from officers, directors , trustees , and other disqualified persons ( attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule ) ► _ _ _ _ _ Less allowance for doubtful accounts ► _ _ _ _ 8 Inventories for sale or use y 9 Prepaid expenses and deferred charges . Q 10 a Investments - U S and state government obligations (attach schedule) , b Investments - corporate stock (attach schedule) ATC. 7. 48, 184, 738. 26, 906, 982. 26, 906, 982. c Investments - corporate bonds (attach schedule) . 11 Investments - land, buildings, ► and equipment basis __________________ Less accumulated deprecation ► (attach schedule ) ------ ------------- 12 Investments - mortgage loans . , 13 Investments - other (attach schedule) , , , , , ATcH . 8 , 5, 143, 560. 4, 760, 982. 4,760, 982. 14 Land, buildings, and ► equipment basis __________________ Less accumulated deprecation ► (attach schedule ) ___ _ __ ______________ 15 Other assets (describe ► _ __ _ ________________ ) 16 Total assets (to be completed by all filers - see the instructions Also, see page 1, item I) 68 , 650, 008. 45, 095, 569. 45, 095, 569. 17 Accounts payable and accrued expenses , , , , , , , , , , , .2, 0 9 7 , 2 2 7 . 4 , 3 5 4 , 4 8 9 . 18 Grants payable 12, 682, 803. 19 Deferred revenue . 20 Loans from officers , directors , trustees, and other disqualified persons 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities (describe AT 4 , 6 92 , 516. 5 0 9 , 119 . 23 Total liabilities (add lines 17 through 22) 6 , 7 8 9 , 7 4 3 . 17 , 5 4 6, 411 . Foundations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted ... ... ... ....... .. .. 1, 860, 265. 27, 599, 158. V 25 Temporarily restricted . 26 Permanently restricted . Foundations that do not follow SFAS 117, check here and complete lines 27 through 31. m- F-1 LL a 27 Capital stock , trust principal , or current funds , , , , , , , , , 28 Paid-in or capital surplus, or land , bldg , and equipment fund y 29 Retained earnings, accumulated income , endowment , or other funds Y 30 Total net assets or fund balances ( see page 17 of the Z instructions ) , , , , , , .. .. 41, 860, 265. 27, 549, 158. 31 Total liabilities and net assets/fund balances ( see page 17 of the instructions ) . 68, 650, 008. 45, 095, 569. Anal sis of Changes in Net Assets or Fund Balances I 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 years return ) , .... , ......... 1 41,860,265 2 Enter amount from Part I , line 27a .. .... ........ .. 2 -14, 713, 818 . 3 Other increases not included in line 2 ( itemize ) ATTACHMENT 10 3 148, 522 ►------------------------------------- 4 Add lines 1 , 2, and 3 ... .. .... ....... .. 4 27,294,969 -172,598 5 Decreases not included in line 2 (itemize) ► ATTACHMENT 11 5 6 Total net assets or fund balances at end of year ( line 4 minus line 5) - Part II , column ( b), line 30 6 27,467,567 Form 990-PF (2010) JSA COPY 0E1420 1 000 7584BW 1385 11/9/2011 12:04:10 PM V 10-8.2 60018148-OTH1 PAGE 3 Form 990-PF (2010) 43-1353948 Page 3 • - . Capital Gains and Losses for Tax on Investment Income Ow (c) Date (a) List and describe the kind ( s) of property sold (e g , real estate , acquired d) Date sold acquired mo ,day, yr ) 2-story bock warehouse, or common stock , 200 shs MLC Co) o-^;'h°,° (mo ,day , yr) 1a SEE PART IV SCHEDULE b c d e Depreciation allowed (9) Cost or other basis (h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adj usted basis (k) Excess of col ( I) col (k), but not less than -0-) or (I) F M V as of 12/31 /69 (l) () as of 12/31 /69 over col 0), if any Losses (from col (h)) a 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 2,592,320. 3 Net short-term capital gain or (loss) as defined in sections 1222 (5) and (6) If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions) If (loss), enter -0- in Part 1 , line 8 . 3 Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940(d)(2) applies, leave this part blank Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? q Yes E] No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part 9 Enter the aooroonate amount in each column for each year.