l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93491260000002 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947( a)(1) Nonexempt Charitable Trust ` Treated as a Private Foundation 201 0 Note . The foundation may be able to use a copy of this return to satisfy state reporting requirements Department of the Treasury Internal Revenue Service For calendar year 2010 , or tax year beginning 11 - 01-2010 , and ending 10-31-2011 G Check all that apply r'Initial return r'Initial return of a former public charity r'Final return r-Amended return FAddress change (Name change Name of foundation A Employer identification nu The Swartz Foundation 11-6447242 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite 6 ieiepnone number (see page 1u of the instructions) 6 Light House PointRoad (631) 689-8082 City or town, state, and ZIP code C If exemption application is pending, check here F Lloyd Harbor, NY 11743 D 1. Foreign organizations, check here F H C heck type of organization F Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, r- check here and attach computation FSection 4947 ( a )( 1 nonexem p t charitable trust r'Other taxable p rivate foundation E If private foundation status was terminated I Fair market value of all assets at end J Accounting method F Cash F Accrual und er sect ion 507 ( b )( 1 )( A ), c hec k here 0- F of y e a r (from Part 77, col. (c), Other (specify) F If the foundation is in a 60-month termination line 16)1k,$ 9,026,185 (Part I, column (d) must be on cash basis.) under section 507(b)(1)(B), check here 0- F (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and (b) Net investment (c) Adjusted net for charitable total of amounts in columns (b), (c), and (d) may not expenses per income income necessanly equal the amounts in column (a) (see page 11 of books purposes the instructions) ) (cash basis only) 1 Contributions, gifts, grants, etc , received (attach schedule) 138,500 2 Check Oil F_ if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities. 137,898 137,898 137,898 5a Gross rents . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 -329,542 b Gross sales price for all assets on line 6a 1,784,245 co 7 Capital gain net income (from Part IV , line 2) 8 Net short-term capital gain . 242,619 9 Income modifications . 10a Gross sales less returns and allowances b Less Cost of goods sold . c Gross profit or (loss) (attach schedule) . 11 Other income (attach schedule) . 10,666 10,666 12 Total . Add lines 1 through 11 . -42,478 148,564 380,517 13 Compensation of officers, directors, trustees, etc 14 Other employee salaries and wages . 15 Pension plans , employee benefits , 16a Legal fees (attach schedule) . x b Accounting fees (attach schedule) . 500 500 W co c Other professional fees (attach schedule) . 73,987 73,987 4- 17 Interest . 72,589 72,589 4Z 18 Taxes (attach schedule) (see page 14 of the instructions) 750 750 19 Depreciation (attach schedule) and depletion . 0 20 Occupancy . 21 Travel, conferences, and meetings . 67,781 67,781 M 22 Printing and publications . 23 Other expenses (attach schedule) . 166,942 12,500 154,442 s 24 Total operating and administrative expenses. Add lines 13 through 23 . 382,549 159,076 223,473 25 Contributions, gifts, grants paid . 1,692,500 1,692,500 26 Total expenses and disbursements . Add lines 24 and 25 2,075,049 159,076 1,915,973 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -2,117,527 b Net investment income (if negative, enter -0-) 0 c Adjusted net income (if negative, enter -0-) 380,517 For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions . Cat No 11289X Form 990-PF (2010) Form 990-PF (2010) Panes 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets should be for end-of- y ear amounts onl y (See instructions (a) Boo k Va l ue ( b ) Boo k Va l ue (c) Fair M ark et Va l ue 1 Cash-non-interest-bearing . 2 Savings and temporary cash investments . 13,809 474,255 474,255 3 Accounts receivable ► Less allowance for doubtful accounts Oil 4 Pledges receivable ► Less allowance for doubtful accounts Oil 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 15 of the instructions) . 7 Other notes and loans receivable (attach schedule) Ilk, Less allowance for doubtful accounts Oil 8 Inventories for sale or use . 9 Prepaid expenses and deferred charges . 10a Investments-U S and state government obligations (attach schedule) b Investments-corporate stock (attach schedule) . 4,750,00 0 3,500,414 3,773,014 c Investments-corporate bonds (attach schedule). 11 Investments-land, buildings, and equipment basis Oil 1,866 Less accumulated depreciation (attach schedule) Ilk, 1,866 12 Investments-mortgage loans . 13 Investments-other (attach schedule) . 5,282,587 4,855,028 4,778,916 14 Land, buildings, and equipment basis Oil Less accumulated depreciation (attach schedule) ► 15 Other assets (describe ► 16 Total assets (to be completed by all filers-see the instructions Also, see page 1, item I) 10,046,396 8,829,697 9,026,185 17 Accounts payable and accrued expenses . 18 Grants payable . 19 Deferred revenue . +-- 20 Loans from officers, directors, trustees, and other disqualified persons qu 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 through 22) . 0 Foundations that follow SFAS 117, check here Ilk, fl and complete lines 24 through 26 and lines 30 and 31. w1 4) 24 Unrestricted . 25 Temporarily restricted 26 Permanently restricted Foundations that do not follow SFAS 117, check here F and complete lines 27 through 31. U- 27 Capital stock, trust principal, or current funds . 28 Paid-in or capital surplus , or land , bldg , and equipment fund n 29 Retained earnings, accumulated income, endowment, or other funds 10,046,396 8,829,697 30 Total net assets or fund balances (see page 17 of the instructions) . 10,046,396 8,829,697 31 Total liabilities and net assets/ fund balances (see page 17 of the instructions) . 10,046,396 8,829,697 UTIM Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year-Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) . 1 10,046,396 2 Enter amount from Part I, line 27a . 2 -2,117,527 3 Other increases not included in line 2 (itemize) 3 900,828 4 Add lines 1, 2, and 3 . 4 8,829,697 5 Decreases not included in line 2 (itemize) Oil 5 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 8,829,697 Form 990-PF (2010) Form 990-PF (2010) Page 3 Ca ital Gains and Losses for Tax on Investment Income (b) How acquired (a) List and describe the kind(s) of property sold (e g , real estate, (c) Date acquired (d) Date sold P-Purchase 2-story brick warehouse, or common stock, 200 shs MLC Co (mo , day, yr (mo , day, yr D-Donation la Pass-through from Partnerships LTCG P 2009-11-01 2011-11-01 b Pass-through from Partnerships STCG P 2010-11-01 2011-01-01 c Barclays Managed Accounts LTCG P 2009-11-01 2011-01-01 d Barclays Managed Accounts STCG P 2010-11-01 2011-01-01 e (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a 661,928 -661,928 b 193,835 193,835 c 1,125,036 1,035,269 89,767 d 465,374 416,590 48,784 e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus (j) Adjusted basis (k) Excess of col (i) col (k), but not less than -0-) or (i) F M V as of 12/31/69 as of 12/31/69 over col (j), if any Losses (from col (h)) a -661,928 b 193,835 c 89,767 d 48,784 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 -329,542 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), in Part I, line 8 enter -0- 3 242,619 t1 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 ) f 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? fl Yes F No If "Yes," the foundation does not qualify under section 4940 ( e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries (d) Base period years Calendar Distribution ratio Adjusted qualifying distributions Net value of noncharitable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2009 1,831,426 9,984,634 0 18342 2008 2,937,868 10,434,065 0 28157 2007 3,029,825 14,882,802 0 20358 2006 2,992,762 19,515,311 0 15336 2005 3,131,012 20,291,192 0 15430 2 Total of line 1, column (d) .