Form 99OqPF Return of Private Foundation L-S r ~ K or Section 4947(a)(1) Nonexempt Charitable Trust

y Treated as a Private Foundation Dep2rme4of the Treasury Internal Revenue S ervice Note The org anization may be able to use a copy of this return to saris( state re

202

For calendar ear 2002 . or tax ear beginning 7 / 01 / 02 , and endin 6 / 30 / 03 G Check all that a of I Initial return Final return Amended return Address change Name char

Use the IRS Name of organization A Employer identification number RENATE, HANS & MARIA HOFMANN TRUST 13-7102172

label.

Otherwise, C/O O JPMORGAN CHASE BANK B Telephone number (see page 10 of the instructions)

, Number and street (or P O box number if mail is not delivered to street address) I Room/suite ~ 212 -7 89-4115 print

or type 1211 SIXTH AVENUE See Specific

Instructions City or town stale, and ZIP code

C If exemption application is pending, check here

D 1 Foreign organizations, check here

2 . Foreign org meeting the 85

test, check here and attach computation

E I( private foundation status was terminated

under section 507(b)(1)(A) check here

F I( the foundation is in a 60-month termination

under section 507(b)(1)(8), check here

34 FL

NEW YORK NY 10036 H Check type of organization Section 501(c)(3) exempt private foundation

Section 4947 (a)( 1 nonexempt charitable trust Other taxable private foundation I Fair market value of all assets at J Accounting method Lf Cash ~f Accrual

end of year (from Part II, cot (c), 0 Other (specify)

line 16 101$ 23 , 943 , 113 Part I, column d) must be on cash basis Part I Analysis of Revenue and Expenses true (a) Revenue and

8 Net short-term capital gain e

9 Income modifications 10a Gross sales less returns and allowances b Less Cost of goods sold 17-c

A90

~ ~j~~

11 ther ifa~firS~Adlile) V."

12 ficItzi . ,add lines 1 cnrou n i i 19 1 , 894 , 101 1 A 13 e to ~py~o ~ ~re trustees, etc 137 , 930 l m 14 ~ ee~"sa~rTB~~rTd

S i 15 en rlp~b ~_ ~_ t ~ 16a regal ~~~ dW~

r- p S b Accounting fees (attach schedule)

t c Other professional fees (art sch

_:~r r 17 Interest

a 18 Taxes (aft sch ) (see pg 13 of the instr ~ Stmt 2 4 6 ~c 19 Depreciation (art sch ) & depletion

n v 20 Occupancy LM g

e 21 Travel, conferences, and meetings a E 22 Printing and publications

x 23 Other expenses (attach schedule) Stmt 3 438 , 218 P e 24 Total operating and administrative expenses . n Add lines 13 through 23 576 , 194 S 25 Contributions, gifts, grants paid 530 , 000 e S 26 Total expenses and disbursements Add lines 24 and 25 1 106 , 194

27 Subtract line 26 from line 12

a Excess of revenue over expenses & disbursements 787 907 b Net Investment income (if negative, enter -0-) 1 c Adjusted net income if negative, enter -0-

DM For Paperwork Reduction Act Notice, see the instructions

46

46,752

115,763

115,763

790,618

460 , 431 530 , 000

0 990,431

Form 990-PF (2002)

OMB No 1545-052

expenses per (b) Net investment (c) Adjusted net

total of amounts in cot (b), (c), & (d) may not necessarily books income income

e q ual the amounts in column a) see 10 of the instr )

1 Contributions. gifts, grants, etc received (attach schedule)

Check ~ ~ d the foundation is not required to art Sch B

2 Distributions from split-interest trusts

3 Interest on savings & temporary cash investments 4 Dividends and interest from securities 445 , 046 457 326 5a Gross rents

R b (Net rental income or (loss) ) e 6a Net gain or (loss) from sale of assets not on line 10 1 , 449 , 055

b Gross saes pace for all assets on line Q 6a 2,056,193 n 7 Capital gain net inc (from Part IV, line 2) S tmt 1 1 ,449,055 1

68,96

(d) Disbursements for charitable

purposes (cash bass only)

68 , 965

391,466

331874960 03/03200a 9 26 Ai1,1

Form 990-PF 2002 f REAATE FiANS & MARIA HOFMANN TRUST

P Attached schedules and amounts in the descri uon column tar ~ II A Balance Sheets should be for end-of-year amounts only (See nstructions )

1 Cash-non-interest-bearing

2 Savings and temporary cash investments

3 Accounts receivable 01

less allowance for doubtful accounts 4 Pledges receivable 00,

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)

A 7 Other notes & loans receivable Less allowance for doubtful accounts

s e 8 Inventories for sale or use t 9 Prepaid expenses and deferred charges

10a Investments-U S and state government obligations (alt schedule)

b Investments-corporate stock (attach schedule) Stmt

c Investments-corporate bonds (attach schedule)

11 Investments-land, buildings, & equipment basis D

Less accumulated deprecation D

12 Investments-mortgage loans

13 Investments-other (attach schedule) See Stint 5 14 Land, buildings, and equipment basis

Less accumulated depreciation 15 Other assets (describe 0- See Stmt 6 ) 16 Total assets (to be completed by all filers-see page 16 of

2,898,8001 3 .807,6001 4,029,507

17 Accounts payable and accrued expenses

18 Grants payable

b 19 Deferred revenue ' 20 Loans from officers, directors, trustees, and other disqualified persons I

21 Mortgages and other notes payable (alt sch )

t 22 Other liabilities (describe > ) i e s 23 Total liabilities add lines 17 through 22

N Organizations that follow SFAS 117, check here i> U e t and complete lines 24 through 26 and lines 30 and 31 . A 24 Unrestricted s s 25 Temporarily restricted i 26 Permanently restricted

Organizations that do not follow SFAS 117, check here D 0 r and complete lines 27 through 31 . F 27 Capital stock, trust principal, or current funds u d 28 Paid-in or capital surplus, or land, bldg , and equipment fund

B 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances (see page 16 of the

a instructions) n c 31 Total liabilities and net assets/fund balances (see page 16 of e s the instructions

Part III Analysis of Changes in Net Assets or Fund Balances

20,358,5111 21,146,4

20 , 358 , 511 787 , 907

21 , 146 , 418

21 , 146 , 418 Form 990-PF (2002)

1 Total net assets or fund balances at beginning of year-Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) D 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30

oruA

13-7102172 Pae2 e innin of ear End of ear a Book Value b Book Value c Fair Market Value

3 , 920 , 160 2 , 783 , 844 2 , 783 , 844

7 , 989 , 499 8 , 884 , 331 8 , 926 , 268

5,550,052 5,670,643 8,203,494

the instructions Also, see a e 1, item 120,358,5111 21 . 146 , 4181 23 , 943 , 113

01 0

18,588,7831 20,255,77

1 .769 .7281 890,647

20,358,5111 21,146,4

Was the organization liable for the section 4942 tax on the distributable amount of any year in the base periods a Yes ~ No If "Yes," the organization does not qualify under section 4940(e) Do not complete this part 1 Enter the aooroonate amount in each column for each vear . see oaae 17 of the instructions before making anv entries

23 .633211

4 .726642

14,367,666

679,108

17,906

697,014 7 Add lines 5 and 6

8 Enter qualifying distributions from Part XII, line 4 I 8 ~ 990,431 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 on page 17

oAA Form 990-PF (2002)

331873960 03103/2004 9 26 AM

Form 990-PF (2002) f REIv'ATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income

a List and describe the kind(s) of ro ert sold (e p p y g ,real estate, (b) How acquired (c) Date acquired (d) Date sold 2-story brick warehouse, or common stock, 200 sins MLC Co ) P-Purchase (mo day, yr ) (mo day yr )

D-Donation

la SEE ATTACHED SALE OF ART WORKS P b SEE ATTACHED ST LOSS 1874960 /7669187 c SEE ATTACHED LT LOSS 33-1874960 d ANTI TRUST LITIGATION SETTLEMENT

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

a 2 , 045 , 902 463 , 744 1 , 582 , 158 b 41 , 798 -41 , 798

101 , 596 -101 , 596 a 10 , 291 , 10 , 291 e Complete only for assets showin ain in column h and owned b the foundation on 12/31/69 (I) Gams (Col (n) gain minus

(i) F M V as of 12/31/69 Adjusted bass (k) Excess of col (i) col (k), but not less than -0-) or

as of 12/31/69 over cal ()),if an Losses from col h

a 1 , 582 , 158 -41 , 798

c -101 , 596 10,291

e

2 Capital gain net income or (net capital loss) If gain, also enter in Part I, line 7 If (loss), enter-0- in Part I, line 7 ~ 2 1,449,055

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 12 and 17 of the instructions) ~ If ( loss ) , enter -0- in Part I, line 8 --i 3

Part V 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

a b c Base period years

Calendar ear or tax ear beg innin g in Adjusted qualifying distributions Net value of nonchantable-use assets

2001 1 , 065 , 309 13 , 977 , 849 2000 390 , 869 12 , 025 , 801 1sss 1 , 044 , 902 17 , 202 , 059 1ss8 807 , 096 1 14 , 073 , 500 1997 100 653 10 , 568 , 345

2 Total of line 1, column (d) 2 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

4 Enter the net value of nonchantable-use assets for 2002 from Part X, line 5 1 4

5 Multiply line 4 by line 3 1 5

6 Enter 1% of net investment income (1% of Part I, line 27b)

tnbuiion ratio divided by col (c))

7 .621409 3 .250253 6 .074284 5 .734863 0 .952401

331874900 03/03/2004 9 26 AM

Form 990-PF (2002) f REN'ATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 4 Part !/I Excise Tax Based on Investment Income Section 4940 (a) , 4940 (b) , 4940 ~e~ , or 4948-see page 17 of the instructions

la' Exeera4ng foundations described in section 4940(d)(2), check here D and enter "N/A" on line 1

Date of ruling letter (attach copy of ruling letter if necessary-see instructions) b Domestic organizations that meet the section 4940(e) requirements in Part V, check 1 17,906

here > X and enter 1% of Part I, line 27b

c All other domestic organizations enter 2°,6 of line 27b Exempt foreign organizations enter 4% of Part I, line 12, cot (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 17 , 906 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- s 17 , 906

6 Credits/Payments

a 2002 estimated tax payments and 2001 overpayment credited to 2002 6a 33 , 824 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 33 , 824 8 Enter any penalty for underpayment of estimated tax Check here ~ 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 10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 00. 10 15 , 918 11 Enter the amount of line 10 to be Credited to 2003 estimated tax ~ 15 , 918 I Refunded P11- I 11 Part VII-A Statements Regarding Activities

1a During the tax year, did the organization attempt to influence any national, state, or local legislation or did Yes No it participate or intervene in any political campaigns 1a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of the instructions for definition) 1b X

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the organization in connection with the activities c Did the organization file Form 1120-POL for this year? 1c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the organization > $ (2) On organization managers > $

e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization managers > $

2 Has the organization engaged in any activities that have not previously been reported to the IRS 2 X If "Yes," attach a detailed description of the activities

3 Has the organization 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 X

4a Did the organization have unrelated business gross income of $1,000 or more during the year? 4a X b If "Yes," has it filed a tax return on Form 990-T for this year? N/A 4b 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X

If "Yes," attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either By language in the governing instrument or

By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instruments 6 X

7 Did the organization have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, cot (c), and Part XV 7 8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) B> None

b If the answer is "Yes" to line 7, has the organization furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No," att explanation N/A Sb

9 Is the organization claiming status as a private operating foundation within the meaning of section 49420(3) or 49420(5) for calendar year 2002 or the taxable year beginning in 2002 (see instructions for Part XIV on page 25)? If "Yes," complete Part XIV 9 X

10 Did any persons become substantial contributors during the tax year? If "Yes," att a sch listing their names & addr 10

11 Did the org comply with the public inspection requirements for its annual returns and exemption applications 11 X

Web site address 12 The books are in care of D JPMORGAN CHASE BANK Telephone no > 212-789-4115

Locatedat D 1211 AVENUE OF THE AMERICAS NY NY ZIP +4 D 10036

13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 -Check here and enter the amount of tax-exempt interest received or accrued during the year D I 13

DAA Form 990-PF (2002)

DAA

331873960 03103/2004 9 26 i\til

Form 990-PF (2002) ~ RELATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 5 Part VII-B Statements Regarding Activities for Which Form 4720 Ma Be Required T File Form 4720 if any item is checked in the "Yes" column, unless an exception applies Yes No

1a During the year did the organization (ether directly or indirectly) (1) Engage in the sale or exchange, or leasing of property with a disqualified persons a Yes ~ No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified persons Yes No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified persons Yes No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified persons Yes No

(5) Transfer any income or assets [o a disqualified person (or make any of either available for the benefit or use of a disqualified person) ~ Yes ~ No

(6) Agree to pay money or property to a government officials (Exception Check "No"

if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days ) ~ Yes ~ No

b If any answer is "Yes" to 1a(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section 53 4941(d)-3 or in a current notice regarding disaster assistance (see page 19 of the instructions) 1b X Organizations relying on a current nonce regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2002 N/A 1c

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 49420(3) or 49420(5))

a At the end of tax year 2002, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2002 a Yes ~ No

If "Yes," list the years D 20 , 20 , 19 , 19

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed incomes (If applying section 4942(a)(2) to all years listed, answer "No" and attach statement-see page 19 of the instructions ) N/A 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

20 , 20 , 19 , 19 3a Did the organization hold more than a 2% direct or indirect interest in any business

enterprise at any time during the years ~ Yes ~ No b IF "Yes," did it have excess business holdings in 2002 as a result of (1) any purchase by the organization

or disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3) the lapse of the 10-, 15-, or 20-year first phase holding periods (Use Schedule C, Form 4720, to determine if the organization had excess business holdings in 2002 ) N/A 3b

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes 4a X b Did the organization 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 beginning in 2002 4b X Sa During the year did the organization 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 drives Yes No (3) Provide a grant to an individual for travel, study, or other similar purposes 8 Yes ~ 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)? ~ Yes ~ 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 page 20 of the instructions) N/A 5b Organizations relying on a current notice regarding disaster assistance check here

c If the answer is "Yes" to question 5a(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grants N/A ~ Yes ~ No IF "Yes," attach the statement required by Regulations section 53 4945-5(d)

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contracts a Yes ~ No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contracts 6b X

If you answered "Yes" to 6b, also file Form 8870 Form 990-PF (2ooz)

None

Total number of others receiving over $50,000 for professional services

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 organizations and other beneficiaries Served, conferences convened research papers produced etc

1 N/A Expenses

3

4

DAA Form 990-PF (2002)

331874960 03/03/2004 9 26 AM

Form 990-PF (2002) r RENATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 6

PaO VIII , Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation see page 20 of the instructions (b) Title, and average (c) Compensation (d) Conlrib to (e) Expense account,

(a) Name and address hours per week (IF not aid, enter employee benefit other allowances plans and deferred devoted to position -0-

JPMORGAN CHASE BANK TRUSTEE 1211 SIXTH AVE NY NY 10036 20 HRS WKS 91 , 708 0 0 ROBERT S . WARSHAW, ESQ . TRUSTEE

C/O JPMORGAN CHASE BANK 20 HRS WKS 18,1021 0 0

~ORJPMORGANAC CHASE lOTRUSTEE

HRS /WKS I 7,2411 OI 0

2 Compensation of five highest-paid employees (other than those included on line 1-see page 20 of the instructions) If none, enter "NONE."

(b) Tale and average (d) Contributions to (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation employee benefit (e) Expense account,

devoted o position plans and deferred other allowances compensation

None

Total number of other employees paid over $50,000 3 Five highest-paid independent contractors for professional services-(see page 20 of the instructions) If none, enter

"NONE " Name and address of each person paid more than $50,000 1 (b) TvDe of service

Form 990-PF (2002) ' REryATE, HANS & MARIA HOFMANN TRUST 13-7102172 Page 7 Part IX-B Summary of Program-Related Investments see page 21 of the instructions D4ccribe the pro largest program-related investments made b the foundation during the tax ear on lines 1 and 2 Amount

N/A

2

All other program-related investments See page 21 of the instructions

3

Vital . Add fines 1 through 3

Part X Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see page 21 of the instructions

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc , purposes Average monthly fair market value of securities Average of monthly cash balances Fair market value of all other assets (see page 22 of the instructions)

Total (add lines 1a, b, and c)

Reduction claimed (or blockage or other factors reported on lines 1a and 1c (attach detailed explanation) 1e Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line 1 d

Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see page 22

of the instructions)

Wet value of nonchantable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4

Minimum investment return Enter 5% of line 5

11,230,266 3,356,197

a b c d e

14,586 .463

14,586,463

218,797 14,367,666

718 .383 s

Part XI Distributable Amount (see page 23 of the instructions) (Section 49420(3) and 0)(5) private operating foundations and certain foreign organizations check here P and do not com lete this art

1 Minimum investment return from Part X, line 6 1 718 , 383 2a Tax on investment income for 2002 from Part VI, line 5 2a 17 , 906 b Income tax for 2002 (This does not include the tax from Part VI ) 2b c Add lines 2a and 2b 2c 17 , 906 3 Distributable amount before adjustments Subtract line 2c from line 1 3 700 , 477 4a Recoveries of amounts treated as qualifying distributions 4a b Income distributions from section 4947(a)(2) trusts 4b c Add lines 4a and 4b 4c 5 Add lines 3 and 4c 5 700 , 477 6 Deduction from distributable amount (see page 23 of the instructions) 6 7 Distnbutable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII,

line 1 7 700 , 477

Part XII Qualifying Distributions (see page 23 of the 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 990 , 431 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 1a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 990431 5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment

income Enter 1% of Part I, line 27b (see page 24 of the instructions) 5 17 , 906 6 Adjusted qualifying distributions . Subtract line 5 from line 4 ~6 ~ 972,525

Note . The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years

Dan Form 990-PF (2002)

3d18i456U03i03/2004 9 26 ~\N1

2

3

4

33787 1550 0/0312004 9 26 A41

Form 990-PF (2002) i REIGATE, HANS & MARIA HOE'NIANP7 TRUST 13-7102172 Page 8

Pert XIII , 'Undistributed Income (seepage 24 of the instructions)

(a) Ib) (G) (d)

1 Distributable amount for 2002 from Part XI, Corpus 'ears prior to 200 200 2002

pine 7 700 , 477

2 Undistributed income, if any, as of the end of 2001

a Enter amount (or 2001 only

b Total for prior years 20 , 19 , 19

3 Excess distributions carryover, if any, to 2002 " '

a From 1997

b From 1998 121 , 411 c From 1999 232 , 324

d From 2000

e From 200 398 , 769 f Total of lines 3a through e 752 , 504

4 Qualifying distributions for 2002 from Part

x11, pine 4 D$ 990,431

a Applied to 2001, but not more than line 2a

b Applied to undistributed income of prior years

(Election required-see page 24 of the instructions)

c Treated as distributions out of corpus (Election

required-see page 24 of the instructions) d Applied to 2002 distributable amount 700 , 477

e Remaining amount distributed out of corpus 289 , 954

5 Excess distributions carryover applied to 2002

(If an amount appears in column (d), the

same amount must 5e shown in column (a) )

6 Enter the net total of each column as indicated below:

a Corpus Add lines 3f, dc, and 4e Subtract line 5 1 , 042 , 458

b Prior years' undistributed income Subtract

line 4b from line 2b

c Enter the amount of prior years' undistributed

income for which a notice of deficiency has

been issued, or on which the section 4942(a)

tax has been previously assessed

d Subtract line 6c from line 6b Taxable

amount-see page 24 of the instructions

e Undistributed income for 2001 Subtract line

da from line 2a Taxable amount-see page

24 of the instructions

f Undistributed income for 2002 Subtract

lines 4d and 5 from line 1 This amount must

be distributed in 2003 7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1 )(E) or 4942(g)j3) (see page 24 of the instructions)

8 Excess distributions carryover from 1997 not applied on line 5 or line 7 (see page 25 of the instructions)

9 Excess distributions carryover to 2003

Subtract lines 7 and 8 from line 6a 1 , 042 , 458 10 Analysis of line 9 a Excess from 1998 121 , 411 b Excess from 1999 232 , 324 c Excess from 2000 d Excess from 2001 3 9 8 7 6 9 e Excess from 2002 ~ 289,954

Dew Form 990-PF (2ooz)

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors N/A

DAA Form 990-PF (2002)

331874900 03/03/2004 9 26 IBM

Form 990-PF (2002)' RENATE, HANS & MARIA HOF'MANN TRUST 13-7102172 Page 9

Part XIV Private Operating Foundations see page 25 of the instructions and Part VII-A, question 9

1 V If the fcoundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2002, enter the date of the ruling 1 N/A

b Check box to indicate whether the organization is a private o eratin foundation described in section 49420)(3) or 4942 h)(5 )

2a Enter the lesser of the adjusted net tax ear Prior 3 ears

income from Part I or the minimum a 2002 b 2001 c 2000 d 1999 e Total investment return from Part X for

each year listed b 85% of line 2a

c Qualifying distributions from Part XII,

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 activ-

ities 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 49420)(3)(B)(i)

b "Endowment" alternative test-Enter

2/3 of min 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 49420)(3)(B)(ui) (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 during the year-see page 25 of the 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) )

N/A

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest . N/A

2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc ., Programs : Check here b> 9 if the organization only makes contributions to preselected charitable organizations and does not accept

unsolicited requests for funds If the organization makes gifts, grants, etc (see page 25 of the instructions) to individuals or

organizations under other conditions, complete items 2a b c and d a The name, address, and telephone number of the person to whom applications should be addressed

N/A

b The form in which applications should be submitted and information and materials they should include NBA

c Any submission deadlines N/A

DAA

331874960 03/03/2004 9 26 AM

Form 990-PF (2002) f RENATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 10 Part XV i . Supplementary Information (continued)

3 Grants end Contributions Paid During the Year or Approved for Future Payment If recipient is an individual, Foundation

Recipient show any relationship to status of Purpose of grant or Amount any foundation manager recipient contribution Name and address home or business or substantial contributor

a Paid during the year

See Statement 7 530,000

Total 10, 3a 530 , 10 b Approved for future payment N/A

Total . 1* 3b Form 990-PF (2002)

oa,n Foam 990-PF (zooz)

331874960 03103/200 9 26 AM

Form 990-PF (2002) ' RENfATE, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 11 Part XVI-A Analysis of Income-Producin Activities

Entcf gross amounts Unless otherwise indicated Unrelated business income Excluded b sec 512 513 or 514 (e) Related or exempt

' (unction income Business Amount xclusio Amount (See page 26 of

1 Program service revenue code code

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 14 444 , 939 107 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 -1 , 449 , 055 0 9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory

11 Other revenue a

b

c d

I- 12 Subtotal Add columns (b), (d), and (e) 0 1 , 893 , 994 107 13 Total Add line 12, columns (b), (d), and (e) P 13 1,894 , 101 See worksheet in line 13 instructions on page 26 to verify calculations ) Part XVI-B Relationshi p of Activities to the Accomplishment of Exem pt Purposes

Line No Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to

. the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes) (See a e 26 of the instructions

N/A

DAA

331874960 031032004 9 20 AM

Form 990-PF (2002) ' RENATE, HANS & MARIA HOFMANN TRUST 13-7102172 Page 12

Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exem pt Organizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section Yes No

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 organization to a noncharitable exempt organization of

(1) Cash la (l ) X (2) Other assets 1a (2) 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 1b 3 X

(4) Reimbursement arrangements 1b 4 X

(5) Loans or loan guarantees 1b 5 X

(6) Performance of services or membership or fundraising solicitations 1b 6 X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c ~X

d If the answer to any of the above is "Yes ." complete the following schedule Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization If the organization received less than fair

market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services

received

(a) Line no (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements N/A

2a Is the organization directly 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 No

b If "Yes," complete the following schedule

a dame of or ganization b Typ e of or ganization c Descri ption of relationship

N/A

Under penalties of th v xam~ned this return, including accompanying schedules and statements, and to the best of my knowledge and $ belief, it is true ~UifigcY; t~. ~~E, r than taxpayer or f r r r r h s n knowled e

AWL Si nature

-

of offi '~ ~R" st - -- n p ._ ._ .ur . .

r ILI

e Preparets a

2 I a O signature f d r in Firm's name (or yours if

e I self-employed), address,

s y and ZIP code

331874960 03/03/2004 9 26 AM

t

Form 2220 1

Department of the Treasury Internal Revenue Service

Name RENATE,

Form 990-PF Underpayment of Estimated Tax by Corporations

D See separate instructions . 10, Attach to the corporation's tax return . 202

HANS & MARIA HOFMANN TRUST RGAN CHASE BANK

Employer identification number 13-7102172

Note . In most cases, the corporation does not need to file Form 2220 (See Part I below for exceptions ) The IRS will figure any penalty

owed and bill the corporation If the corporation does not need to file Form 2220, it may still use it to figure the penalty Enter the

amount from line 34 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220

Part I Reasons for Filing- Check the boxes below that apply to the corporation If any boxes are checked, the corporation must file Form 2220, even if it does not owe the penalty If the box on line 1 or line 2 applies, the corporation ma be able to lower or eliminate the p enalty

1 The corporation is using the annualized income installment method 2 The corporation is using the adjusted seasonal installment method 3 1 I The corporation is a "large corporation" figuring it first required installment based on the prior year's tax Part II Fiaurina the Undernavment

58 Personal holding company tax (Schedule PH (Farm 1120), line 26) included on line 4 5a

b Look-back interest included on line 4 under section 460(b)(2) for completed long-term

contracts or section 167(g) (or depreciation under the income forecast method 5b

c Credit for Federal tax paid on fuels (see instructions) 5c

d Total. Add lines 5a through 5c

6 Subtract line 5d from line 4 If the result is less than X500, do not complete or file this form The corporation does not owe the penalty

7 Enter the tax shown on the corporation's 2001 income tax return (see instructions) Caution, if zero or the tax

year was for less than 12 months, skip this line and enter the amount from line 6 on line 8

5d

I 16,176

DAA

OMB No 1545-014

4 Total tax (see instructions) a ~ 17,906

s I 17,906

8 Enter the smaller of line 6 or line 7 If the corporation must skip line 7, enter the amount from line 6 . 1 8 1 16 , 17 6

9 Installment due dates . Enter in col (a) through (d) the

15th day of the 4th (Form 990-PF filers, Use 5th mo ),

stn, sin, and 12th moans or the core tax year 9 11 / 15 / 02 12 / 16 / 02 3 / 17 / 03 6 / 16 / 03 10 Required installments If the box on line 1 and/or line 2

above is checked, enter the amounts from Sch A, line

40 If the box on In 3 (but not 1 or 2) is checked, see

instructions for the amt to enter If none of these

boxes are checked, enter 25% of In 8 above in each col 10 4 , 044 4 , 044 4 , 044 4 , 044 11 Estimated tax paid or credited for each period (see

instructions) For column (a) only, enter the amount

from line 11 on line 15 11 33 , 82 4

Complete lines 12 through 18 of one column before

going to the next column 12 Enter amount, if any, from In 18 of the preceding col 12 29 , 780 2 5 736 21 , 692 3 Add lines 11 and 12 13 29 , 780 25 , 736 21 , 692

14 Add amounts on lines 16 & 17 of the preceding column 14

15 Subtract line 14 from line 13 If zero or less, enter -o- 15 33 1 824 29 , 780 25 , 736 21 , 692 16 If the amount on line 15 is zero, subtract line 13 from

line 14 Otherwise, enter -0- 16

17 Underpayment If line 15 is less than or equal to line 10,

subtract line 15 from line 10 Then go to line 12 of the

next column Otherwise, go to line 18 17 0 0 0 0

18 Overpayment If line 10 is less than line 15, subtract

line to from line 15 Then o to In 12 of the next column 18 29 , 780 25 , 736, 21 , 692 17 , 648 Complete Part III on page 2 to figure the penalty . If there are no entries on line 17 no penalty is owed

For Paperwork Reduction Act Notice, see separate instructions . Form 2220 (2002)

331874960 03103/2004 9 26 AM

Form 2220 (2002) RENATE, HP.NS & MARIA HOFMP.NN TRUST 13-7102172 Page 2

P~.0, III ' . figuring the Penalty

See Works heet

$ $

$ $

$ S 28 Underpayment on line 17 x Number of days on line 27 x *% 288 365

29 Number of days on line 20 after 9/30/2003 & before 1/1/2004 29

32 Underpayment on line 17 x Number of days on line 31 x '% 32 $ 366

33 Add lines 22, 24, 26, 28, 30, and 32 33 1 $

19 Enter the date of payment or the 15th day of the 3rd month

after the close of the tax year, whichever is earlier (see instructions) (Form 990-PF and Form 990-T filers : Use 5th month instead of 3rd month ) 19

20 Number of days from due date of installment on line 9 to the

date shown on line 19 20

21 Number of days on line 20 after 4115/2002 and before 1/1/2003 21

22 Underpayment on line 17 x Number of days on line 21 x 6% 22 365

23 Number of days on line 20 after 12/31/2002 8 before 4/1/2003 23

24 Underpayment on line 17 x Number of days on line 23 x 5% 24 365

25 Number of days on line 20 after 313112003 & before 7/1/2003 25

26 Underpayment on line 17 x Number of days on line 25 x '% 26 365 .

27 Number of days on line 20 after 613012003 & before 101112003 27

30 Underpayment on line 17 x Number of days on line 29 x '% 30 $ 365

31 Number of days on line 20 after 12/31/2003 & before 2/1612004 31

34 Penalty . Add columns (a) through (d), of line 33 Enter the total here and on Form 1120, line 33, Form 1120-A, line

29 or the comparable line for other income tax returns I 34 IS

'For underpayments paid after March 31, 2003 . For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar

quarter, which the IRS will determine during the first month in the preceding quarter These rates are published quarterly in an IRS

News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS

Web Site at www irs gov You can also call 1-800-829-1040 to get interest rate information Form 222 (2002)

DAA

DAA

337874960 03i0312004 9 26 AM

Form 2220 (2002) RENAT`E, HAMS & MARIA HOFMANN TRUST 13-7102172 Page 3 Schedule A Annualized Income Installment Method and/or the Adjusted Seasonal Installment Method Under Section 6655(e)

` (see instructions) Form 1120S filers : For lines 2, 14, 15, and 16, below, "taxable income" refers to excess net passive income or the amount on which tax is im posed under section 1374 ( a ) or the corres pondin g provisions of p rior law ) , whichever app lies Part I-Annualized Income Installment Method (a) Ibl Ic1 (d)

First 2 First 3 First 6 First 9

1 Annualization periods see instructions 1 months months months months

2 Enter taxable income for each annualization

period see instructions 2 298 , 436 447 , 655 895 , 309 1- 1 3-4.2 , 964

3 Annualization amounts see instructions 3 6 .00000 4 .00000 2 .00000 1 .33333 4 Annualized taxable income Multiply line 2 by

line 3 4 1 790 616 1 790 620 1 790 618 1 790 614 5 Figure the tax on the amt in each col on In 4

using the instr for Form 1120, Schedule J, line 3 or the comparable line of the tax return 5 17 , 906 17 , 906 17 , 906 17 , 906

6 Enter any other alternative minimum tax and other taxes for each p ay ment period see instructions 6

Total tax Add pines 5 and 6 7 17 , 906 17 , 906 17 , 906 17 906 8 For each period, enter the same type of credits as

allowed on Form 2220, lines 4 and Sc see instructions ) 8 9 Total tax after credits Subtract line 8 from

line 7 If zero or less, enter -o- 9 17 , 906 17 , 906 17 , 906 17 , 906 10 Applicable p ercentage 10 25% 50% 75% 100% 11 Multip ly line 9 b line 10 11 4 , 477 8 , 953 13 , 430 17 , 906 12 Add the amounts in all preceding columns of

line 40 see instructions 12 4 , 044 S l oss 12 132 13 Annualized income installments . Subtract

line 12 from line 1l It zero or less, enter-0- 13 4 , 477 1 4 , 909 1 5 , 342 1 5 , 774 Part II-Adjusted Seasonal Installment Method (Caution : Use this method only if the base period percentage for any 6 consecutive months is at least 70% See instructions for more information

a b c d First 3 First 5 First 8 First 11 months months months months

14 Enter taxable income for the following periods a Tax ear beginnin g in 1999 14a

b Tax ear beg inning in 2000 14b

c Tax ear beg inning in 2001 14c 15 Enter taxable income for each period for

the tax ear beg inning in 2002 15 First 4 First 6 First 9

Entire year months months months

16 Enter taxable income for the following periods a Tax ear beginning in 1999 16a

b Tax ear beginning in 2000 16b

c Tax ear beginning in 2001 16c 17 Divide the amount in each column on line 14a

b the amount in column d on line 16a 17 18 Divide the amount in each column on line 14b

b the amount in column ( d ) on line 16b 18 19 Divide the amount in each column on line 14c

Form 2220 (2002)

331874960 03103/2004 9 26 AM

=orm 2220 (2002) RENATE , HANS &

. `

!0 Add lines 17 throuah 19

OFMANN TRUST 13-7102172 a b c

First 4 First 6 First 9 months months months

Pa

(d)

Entire year

4 , 477 4 , 909 5 , 342 5 , 774

4 , 044 4 , 044 4 , 044 4 , 044

4 , 044 4 , 044~~ 4 044 4 044

4 , 044 4 , 044 4 044 4 , 044 Form 2220 (2002)

DAA

21 Divide line 20 b 3 21

22 Divide line 15 b line 21 22 23 Figure the tax on the amount on line 22 using

the instructions for Form 1120, Schedule J, line 3 or the comparable line of the return 23

24 Divide the amount in columns (a) through (c) on

line 16a b the amount in column d on line 16a 24 25 Divide the amount in columns (a) through (c) on

line 16b b the amount in column d on line 16b 25 26 Divide the amount in columns (a) through (c) on

line 16c b the amount in column d on line 16c 26

27 Add lines 24 through 26 27

28 Divide line 27 b 3 28 29 Multiply the amount in columns (a) through (c) of

line 23 by columns (a) through (c) of line 28 In col (d ) , enter the amount from line 23, col d 29

30 Enter any alternative minimum tax and other taxes for

each payment period see instructions 30

31 Total tax Add lines 29 and 30 31 32 For each period, enter the same type of credits as

allowed on Form 2220, lines 4 and 5c see instructions 32

33 Total tax after credits Subtract line 32 from

line 31 If zero or less, enter -0- 33 34 Add the amounts in all preceding columns of line

40 see instructions 34 35 Adjusted seasonal installments . Subtract line

34 from line 33 If zero or less, enter -0- 35 Part III-Required Installments

36 If only one of the above parts is completed, enter the

amount in each column from line 13 or line 35 If both

parts are completed, enter the smaller of the amounts

in each column from line 13 or line 35 36 37 Enter 25% of line 8 on page 1 of Form 2220 in

each column (Note: "Large corporations," see

the mstr for line 10 for the amounts to enter 37 38 Subtract line 40 of the preceding column from

line 39 of the recedin column 38

39 Add lines 37 and 38 39 40 Required installments Enter the smaller of line 36 or

line 39 here and on page 1 of Form 2220, line 10 40

0

1 st 2nd 3rd 4th

installment installment installment installment

Form 2220 Worksheet Form

' 2220 2002

For calendar ear 2002, or tax year beg inning 7/01/02 andendinq 6/30 /03 Employer Identification Number

13-7102172 3rd Quarter 4th Quarter

3/17/03 6/ 16 /03

Name RENATE, HANS & MARIA HOFMANN TRUST C/O JPMORGAN CHASE BANK

2nd Quarter 12/ 16/ Due date of estimated payment 11/1b/U2 02

Amount of underpayment

Prior year overpayment applied 33 , 824

1st Payment 2nd Payment Date of payment 11/15/02 12/16/02 Amount of payment

3rd Payment 4th Pay ment 5th Payment 3/17/03 6/16/03

Qtr From To Underpayment #Days Rate Penalty --- ---------- ---------- -------------- ----- ------- ---------------- ---------- ---------- -------------- ----- ------- -------------

Total Penalty 0

331874960 03/0312004 9 <6 AM

2-3

331874960 RENATE, HANS & MARIA HOFNIANN TRUST 3/3/2004 9 :25 AM 13-7102172 Federal Statements FYE : 6/,30/2003

Statement 2 - Form 990-PF, Part I, Line 18 - Taxes

Net Adjusted Charitable Description Total Investment Net Purpose

FOREIGN TAX PAID $ 46 $ 46 ~ $

Total $ 46 $ 46 $ 0 $ 0

Statement 3 - Form 990-PF, Part I, Line 23 - Other Expenses

Net Adjusted Charitable Description Total Investment Net Purpose

S S S S Expenses '

TINA DICKEY CATALOG RAISONNE 46,367 46,367 CIRKER'S HAYES STORAGE CHARGE 33,215 33,215 DAWN ROGALA CATALOG RAISONNE 28,579 28,579 PATRICIA GALLAGHER ART ADVISO 55,000 55,000 ROBERT S . b4ARSHAW ART ADVISOR 195,600 195,600 LUCINDA BARNES LECTURE 2,000 2,000 KIM KEEVER PHOTOGRAPHY EXPENS 113,920 113,920 HUNTINGTODI T . BLOCK INSURANCE 13,537 13,537

Total $ 438,218 $ 46,752 $ 0 $ 391,466

331874960 RENATE, HANS & MARIA HOFMANN TRUST 13-7102172 Federal Statement FYE : 6/30/2003

3/3/2004 9 :25 AM

Beginning End of Basis of Fair Market Description of Year Year Valuation Value

LOT OF FINE ART $ 5,460,052 $ 5,094,643 Cost $ ~~627,499 HOFMANN ART-FROLICKING 344,000 Cost 344,000 HOFMANN ART-RED PARABLE 232,000 Cost 232,000 HOFMANN ART -PROVINCETOWN HOUSE 90,000

Total $ 5,550,052 $ 5,670,643 $ 8,203,494

Statement 6 - Form 990-PF, Part II, Line 15 - Other Assets

Beginning End of Description of Year Year

FIXED INCOME INVESTMENTS $ 2,898,800 $ 3,807,600 Total $ 2,898,800 $ 3,807,600

4-6

Statement 4 - Form 990-PF, Part i1, Line 10b - Corporate Stock Investments

Beginning End of Basis of Fair Market Description of Year Year Valuation Value

TOTAL COMMON STOCKS $ 7,989,499 $ 8,884,331 $ 8,926,268 Total $ 7,989,499 $ 8, 884,331 $ 8, 926,268

Statement 5 - Form 990-PF, Part II, Line 13 - Other Investments

Fair Market Value

$ 4,029,507

$ 4,029,507

7

331874960 RENATE, HANS & MARIA HOFMANN TRUST 3/3/2004 9 :25 AM 13-7102172 Federal Statements FYE : 6/30/2003

Statement 7 - Form 990-PF, Part XV - Grants and Contributions Paid During the Year

Name

Address Relationship Status Purpose Amount

CAPE MUSEUM OF FINE ARTS GENERAL GENERAL 27,000

PROVINCETOWN ART ASSOC GENERAL GENERAL 50,000

NARSAD GENERAL GENERAL 100,000

MUSE FILM AND TELEVISION GENERAL GENERAL 120,000

FOUNTAIN HOUSE GENERAL GENERAL 15,000

SCOTTSDALE MUSEUM GENERAL GENERAL 25,000

THE DOE FUND GENERAL GENERAL 10,000

MACBA GENERAL GENERAL 35,000

UNIVERSITY OF TEXAS GENERAL GENERAL 2,000

STUDIO MUSEUM IN HARLEM GENERAL GENERAL 20,000

MUSEUM OF MODERN ART GENERAL GENERAL 15,000

INCONTINENTIA PIGMENTI GENERAL GENERAL 5,000

NEW YORK FDN .FOR THE ARTS GENERAL GENERAL 16,000

AKRON ART MUSEUM GENERAL GENERAL 25,000

METROPOLITAN MUSEUM OFART GENERAL GENERAL 75,000

(REDEPOSITED CHECK FROM GENERAL GENERAL (10,000)

2002 CHAR .GRANT)

ART SALES DATE PROCEEDS COST GAIN/LOSS

Will Ameringer Fine Art, Inc . 7/8/2002 $18,626 .05 $12,350 .00 $6,276 .05

Will Amerin ger Fine Art , Inc . 8/12/20 02 ` $226,626 .49 $42,460.28 $184,166 .21

Will Amering er Fine Art, Inc . 9/9/2002 $151,841 .27 $21,125 .00 $130,716 .27

Will Ameringer Fine Art, Inc . 10/8/2002 $109,649.25 $24,375.00 $85,274 .25

Will Ameringer Fine Art, Inc . 11/14/2002 $254,726 .11 $77,187.50 $177,538 .61

Will Ameringer Fine Art, Inc . 12/7/2002 $63,481 .79 $29,412.50 $34,069 .29

Will Amerin ger Fine Art, Inc . 1/8/2003 $36,111 .84 $7,540 .00 $28,571 .84

Will Am ?ringer Fine Art, Inc . 2/10/2003 $393,397.86 $101,400 .00 $291,997 .86

Will Amering er Fine Art, I nc . 3/5/2003 $144,220.63 $34,515 .00 $109,705.63

Will Amering er Fine Art, Inc . 4/7/2003 $359,737 .28 $58,175.00 $301,562 .28

Auction House Litigation 6/9/2003 $3,872 .22 $3,872.22

Will Amering er Fine Art, Inc 5/14/2003 $212,699 .84 $43,178 .53 $169,521 .31

Will Ameringer Fine Art, Inc . 6/13/2003 $70,910 .94 $12,025 .00 $58,885 .94

TOTAL ~ $2,045,901 .57 $463,743 .81 $1,582,157 .76

HOFMANN ART 5 CHARITABLE TRUST 33-1874960 7/1/2002 - 6130103

AC;T 5879' 01000769918,7 JPMORGAN CHASE BANK FkOM 07/01/2002 STATEMENT OF CAPITAL GAINS AND LOSSES TO 06/30/2003 HOFMANN ART 5 ACCUM INCOME

TRUST YEAR ENDING 06/30/2003

PAGE 12

RUN 11/04/2003

FEDERAL SHORT TERM PRE-SHORT TERM POST-SHORT TERM -------------- ---------------

SUBTOTAL FROM ABOVE 9560 23 479 .85 COMMON TRUST FUND 0 .00 0 00 CAPITAL GAIN DIVIDENDS 0 .00 1820 30

------------ ------------9560 23 2300 15

STATE SHORT TERM

SUBTOTAL FROM ABOVE 9560 23~ 47985 COMMON TRUST FUND 0 00 0 00 CAPITAL GAIN DIVIDENDS 0 00 20 3

------------ --- --------9560 23 2300 15

LONG TERM 28% LONG TERM 20% LONG TERM Q5%((3AIN) ------------- ------------- -------------------

0 00 0 00 0 .00 0 00 0 .00 0 00 0 .00 2892 76 0 00 -----------

------------ ------------ -----------

0 . 00 2892 76

-

0 00 ----------

0 .00 0 00 ~ 0 00 0 00 0 00 / 0 .00 0 00 2892 76_,"0 00

------------ ----- ------- __---2892 76 --_____-0 00

STATE LONG TERM

SUBTOTAL FROM ABOVE COMMON TRUST FUND CAPITAL GAIN DIVIDENDS

0 .00 0 00 0 00 0 00

------------0 00

LONG TERM

0 00

N/A

CAPITAL LOSS CARRYOVER SHORT TERM ---------------------- ----------FEDERAL 0 00

NOT NEEDED NIA

TAX PREPARER . 50 TRUST ADMINISTRATOR : 567 LEGEND . F - FEDERAL S - STATE I - INHERITED INVESTMENT OFFICER 570 E - EXEMPT FROM STATE U - ACQ COST UNKNOWN

PROPERTY DESCRIPTION SHARES DATE SALES PRICE COST BASIS GAIN/LOSS TERM -------------------- ------ ---- ----------- ---------- --------- ----

47801 1470 JPMORGAN INTERMEDIATE BOND FUND CLASS SELECT FUND #683 - 628REP763 SOLD 09/04/2002 509560 23 ACQ 47801 1470 07/11/2002 509560 23 500000 00 9560 23 PRE-ST

9596 9290 JPMOR6AN SHORT TERM 8D II FUND SELECT CLASS FUND #227 - 628REB103 SOLD 05/07/2003 100000 00 ACQ 9596 9290 09/04/2002 100000 00 99520 15 479 85 POST-ST

--------------- --------------- TOTALS 609560 23 599520 15

SUMMARY OF CAPITAL GAINS/LOSSES -------------------------------

FEDERAL LONG TERM

SUBTOTAL FROM ABOVE COMMON TRUST FUND CAPITAL GAIN DIVIDENDS

LONG TERM Q5%(LOSS) LONG TERM 15% ------------------- -------------

0 .00 0 00 0 00 0 00

------------___===== 0-00

-- AGF:T 5879 -010001874960 JPMORGAN CHASE BANK PAGE 45 FROM 07/01/2002 STATEMENT OF CAPITAL GAINS AND LOSSES TO O6d30/2003 RENATE, HANS a MARIA HOFMANN TR RUN 08/06/2003

~ TRUST YEAR ENDING 06/30/2003

TAX PREPARER 67 TRUST ADMINISTRATOR 567 LEGEND F - FEDERAL S - STATE I - INHERITED INVESTMENT OFFICER 570 E - EXEMPT FROM STATE U - ACQ COST UNKNOWN

PROPERTY DESCRIPTION SHARES DATE SALES PRICE COST BASIS GAIN/LOSS TERM -------------------- ------ ---- ----------- ---------- --------- ----

1333 .0000 ALEXANDERS INC . - 014752109 SOLD 07/0912002 101284 95 ACQ 1333 0000 08/23/1999 101284 95 111468 79 -10183 84 LT20

667 0000 ALEXANDERS INC - 014752109 " ' SOLD 07/0912002 50680 47 ACQ 667 0000 08/19/1999 50680 47 55651 14 -4970 67 LT20

14000 0000 ALLIED WASTE INDUSTRIES, INC (NEW) - 019589308 SOLD 07/09/2002 112556 58 ACQ 14000 0000 03/29/2000 112556 58 96215 00 16341 .58 LT20

2000 .0000 AMERICAN EXPRESS CO - 025816109 SOLD 07/09/2002 74631 75 ACQ 2000 0000 03/30/2001 74631,75 83280 .00 -8648 .25 LT20

1300 0000 APACHE CORP - 037411105 SOLD 07/09/2002 73363 29 ACQ 1300 0000 08/07/2000 73363 29 64627 73 8735 56 LT20

3500 0000 AVERY DENNISON CORPORATION - 053611109 SOLD 07/09/2002 215681 00 ACQ 3500 0000 12/26/2000 215681 00 184397 50 31283 50 LT20

1000 0000 BANK OF HAWAII CORP - 062540109 SOLD 07/09/2002 28514 14 ACQ 1000 0000 09/12/2000 28514 14 16560 00 11954 14 LT20

500 0000 BRISTOL MVERS SQUIBB CO - 110122108 SOLD 07/09/2002 12097 14 ACQ 500 0000 08103/2001 12097 14 27592 02 -15494 .88 S7

1500 0000 BRISTOL MYERS SQUIBB CO - 110122108 SOLD ' 07/09/2002 36291 .40 ACQ 1500 0000 06/27/2001 36291 40 75038 10 -38746 70 LT20

3000 0000 CENTURVTEL INC - 156700106 SOLD 07/0912002 88302 34 ACQ 3000 0000 03/29/2000 88302 34 112071 60 -23769 26 LT20

3000 0000 CENTURYTEL INC - 156700106 SOLD 07/0912002 88302 33 ACQ 3000 0000 06/16/2000 88302 33 91117 50 -2815 17 LT20

6000 0000 CERIDIAN CORPORATION - 156779100 SOLD 07/09/2002 105470 82 ACQ 6000 0000 03/29/2000 105470 82 84156 74 21314 08 LT20

5000 0000 CHELSEA PROPERTY GROUP INC - 163421100 SOLD 07/09/2002 159597 18 ACQ 5000 0000 08/17/2001 159597 18 130411 .75 29185 43 ST

1000 0000 CLOROX CO - 189054109 SOLD 07/09/2002 42300 .72 ACQ 1000 0000 12/22/2000 42300 .72 32060 00 10240 .72 LT20

3750 0000 DARDEN RESTAURANTS INC . - 237194105 SOLD 07/09/2002 85758 04 ACQ 3750 0000 12/26/2000 85758 04 52806 .25 32951 .79 LT20

2000 0000 EMERSON ELECTRIC CO - 291011104 SOLD 07/09/2002 107046 77 ACQ 2000 0000 03/08!1999 107046 77 119745 00 -12698 .23 LT20

500 0000 FANNIE MAE - 313586109 SOLD 07/0912002 36426 40 ACQ 500 0000 06/27/2001 36426 40 42655 00 -6228 60 LT20

1500 0000 MERCK & CO , INC - 589331107 SOLD 07/09/2002 70535 .37 ACQ 1500 .0000 06/27/2001 70535 37 99297 00 -28761 63 LT20

1000 0000 NCR CORP - 62886E108 SOLD 07/09/2002 33493 99 ACQ 1000 0000 03/23/2000 33493 .99 42685 00 -9191 .01 LT20

4000 0000 PARK ELECTROCHEMICAL CORP - 700416209 SOLO 07/09/2002 99149 01 ACQ 4000 0000 03/30/2001 99149 01 87544 00 11605 .01 LT20

1000 0000 PHILIP MORRIS COMPANIES, INC - 718154107 SOLD 07/09/2002 46923 58 ACQ 1000 0000 11/20/2001 46923 58 47720 .00 -796 42 ST

1000 0000 PROLOGIS - 743410102 SOLD 07109/2002 24254 26 ACQ 1000 0000 12122/2000 24254 .26 22322 29 1931 97 LT20

--CHANGED- " 10/28/02 IM , 1000 0000 SCHLUMBERGER LTD (NETHERLANDS ANTILLES) - 806857108

SOLD 07/09/2002 44937 .64 ACQ 1000 0000 07127/2001 44937 64 53710 .00 -8772 36 ST

2000 0000 STATE STREET CORP - 857477103 SOLD 07/0912002 87465 36 ACQ 2000 0000 03/30/2001 87465 36 93870 .00 -6404 .64 LT20

1000 0000 TEXAS INSTRUMENTS, INC . - 882508104 SOLD 07/09/2002 23414 29 ACQ 1000 0000 12/22/2000 23414 29 47435 00 -24020 71 LT20

1000 .0000 UNITED TECHNOLOGIES CORP . - 913017109 SOLD 07/09/2002 68352 94 ACQ 1000 0000 06/27/2001 68352 .94 74080 00 -5727 06 LT20

1000 0000 VERITAS SOFTWARE CORP - 923436109 SOLD 07/09/2002 19014 42 ACQ 1000 0000 11/20/2001 19014 .42 39889 .00 -20874 58 ST

2000 0000 WACHOVIA CORPORATION - 929903102 SOLD 07/0912002 75067 73 ACQ 2000 .0000 06/29/2000 75067 73 52245 00 22822 .73 LT20

J

ACC'. 5879 0100'01874960 FROM 07/01/2002 TO 06/i012003

JPMORGAN CHASE BANK PAGE 46 STATEMENT OF CAPITAL GAINS AND LOSSES RENATE, HANS & MARIA HOFMANN TA RUN 08/06/2003

TRUST YEAR ENDING 06/30/2003

LEGEND F - FEDERAL S - STATE I - INHERITED E - EXEMPT FROM STATE U - ACQ COST UNKNOWN

SHARES DATE SALES PRICE COST BASIS GAIN/LOSS TERM ------ ---- ----------- ---------- --------- ----

PROPERTY DESCRIPTION --------------------

2000 0000 THE WILLIAMS COMPANIES,INC (DEL) - 969457100 SOLD 07/09/2002 10472 .08 ACQ 2000 0000 07/27/2001 10472 08 65280 00 -54807 92 ST

3000 0000 THE WILLIAMS COMPANIES,INC .(DEL) - 969457100 SOLD 07/09/2002 15708 12 ACQ 3000 0000 06/27/2001 15708 .12 96780 00 -81071 88 LT20

1000 0000 ANADARKO PETROLEUM CORP - 032511107 SOLD 07/1112002 45733 62 ACQ 1000 0000 08/07/2000 45733 62 51372 50 -5638 88 LT20

500 0000 APACHE CORP - 037411105 SOLD 07/1112002 26796 69 ACQ 500 .0000 08/07/2000 26796 69 24856 82 1939 87 LT20

2000 0000 CHELSEA PROPERTY GROUP INC - 163421100 SOLD 07/11/2002 62248 12 ACQ 2000 0000 08/17/2001 62248 12 52164 70 10083 42 ST

1000 0000 MERCK 8 CO , INC - 589331107 SOLD 07/11/2002 42903 70 ACQ 1000 0000 06/27/2001 42903 70 66198 00 -23294 30 LT20

2000 0000 NCR CORP - 62886E108 SOLD 07/11/2002 62010 13 ACQ 2000 0000 03/23/2000 62010 13 85370 .00 -23359 87 LT20

1000 .0000 SUNGARD DATA SYSTEMS COM - 867363103 SOLD 07/11/2002 22146 33 ACQ 1000 0000 06/16/2000 22146 33 16842 50 5303 83 LT20

4280 TRAVELERS PROPERTY CASUALTY CORP A - 894206109 SOLD ' 09/10/2002 6 87 ACQ 4280 06127/2001 6 87 10 .28 -3 41 LT20

3570 TRAVELER'S PROP CASUALTY CORP - 894206406 SOLD 09/10/2002 6 .15 ACQ .3570 06/27/2001 6 15 9 22 -3 07 LT20

.7860 CONOCOPHILLIPS - 208250104 SOLD 09/18/2002 41 .42 ACQ 7860 03108/1999 41 42 30 76 10 66 LT20

--CHANGED-- 02104/03 AW1 128 5720 TRAVELERS PROPERTY CASUALTY CORP A - 894206109

SOLD 03/21/2003 1903 67 ACQ 128 .5720 06/27!2001 1903 67 3088 02 -1184 35 LT20

65 0000 TRAVELERS PROPERTY CASUALTY CORP A - 894206109 SOLD 03/21/2003 962 40 ACQ 65 0000 08/03/2001 962 .40 1521 70 -559 30 LT20

65 0000 TRAVELERS PROPERTY CASUALTY CORP A - 894206109 SOLD 03/21/2003 962 41 ACQ 65 0000 11/20/2001 962 41 1478 76 -516 35 LT20

43 4280 TRAVELERS PROPERTY CASUALTY CORP A - 894206109 SOLD 03121/2003 643 00 ACQ 43 .4280 04/2212002 643 00 899 22 -256 .22 ST

265 .6430 TRAVELER'S PROP CASUALTY CORP - 894206406 SOLO 03/21/2003 3942 02 ACQ 265 6430 06/27/2001 3942 .02 6860 .26 -2918 24 LT20

133 0000 TRAVELER'S PROP CASUALTY CORP - 894206406 SOLD 03/21/2003 1973 66 ACQ 133 0000 08/03/2001 1973 66 3373 86 -1400 20 LT20

133 0000 TRAVELER'S PROP CASUALTY CORP - 894206406 SOLD 03/21/2003 1973 .66 ACQ 133 .0000 11/20/2001 1973 66 3278 67 -1305 01 LT20

89 3570 TRAVELER'S PROP CASUALTY CORP - 894206406 SOLD 03/21/2003 1326 02 ACQ 89 3570 04/22/2002 1326 02 1993 .72 -667 70 ST

3000 0000 BANK OF HAWAII CORP - 062540109 SOLD 04/08/2003 95068 .85 ACQ 3000 .0000 09/12/2000 95068 85 49680 00 45388 85 LT20

900 .0000 COLLATE-PALMOLIVE CO - 194162103 SOLD 06/26/2003 52062 .56 ACQ 900 0000 03/28/2003 52062 .56 48780 00 3282 56 ST

2200 0000 NUVEEN INVESTMENTS - CL A - 67090F106 SOLD 06/26/2003 57012 30 ACQ 2200 0000 03128/2003 57012 .30 49731 00 7281 30 ST

SUMMARY OF CAPITAL GAINS/LOSSES -------------------------------

FEDERAL SHORT TERM LONG TERM 28% ------------ -------------

SUBTOTAL FROM ABOVE -51837 37 J 0 00 COMMON TRUST FUND 0 00 0 .00 CAPITAL GAIN DIVIDENDS 6366 30 0 .00

------------ -------------45471 07 0 00

LONG TERM 20% 1, ONG_T!~~_q~

; o go 101596 :4 :y I N) 0 .00(LOSS) ----------- V 0

0 .00

0 14015 6 -2~~31 ------------ ------------

-87580 88 21 .31

TAX PREPARER~ 67 TRUST ADMINISTRATOR 567 INVESTMENT OFFICER 570

PAGE 47

RUN 08/06!2003

JPMORGAN CHASE BANK STATEMENT OF CAPITAL GAINS AND LOSSES RENATE, HANS & MARIA HOfMANN TR

TRUST YEAR ENDING 06/30/2003

CAPITAL LOSS CARRYOVER ----------------------FEDERAL

FLORIDA

0 00

N/A

0 00

N/A

aces 5e79~ .o1ooo187496Q FROM 07/01/2002 TO 06 .'30/2003

TAX PREPAFER 67 TRUST ADMINISTRATOR . 567 INVESTMENT OFFICER 570

PROPERTY DESCRIPTION --------------------

STATE

SUBTOTAL FROM ABOVE COMMON TRUST FUND CAPITAL GAIN DIVIDENDS

SHARES DATE

-51837 37 `~ 0 00 0 00 0 00

6366 30 0 00 ------------

-45471 07 0 00

LEGEND : F - FEDERAL S - STATE I - INHERITED E - EXEMPT FROM STATE U - ACQ COST UNKNOWN

SALES PRICE COST BASIS GAIN/LOSS TERM ----------- ---------- --------- ----

-101596 34 0 00(GAIN) 0 00(LOSS) 0 00 0 00 " '

14015 46 21 .31

_-- ------- -----

-87580 . 88 _-_-_-21 31

RENATE, HAMS & MARIA HOFMANN TR UlW/0 RENATE HOFMANN, AS MODIFIED (ARTICLE FIFTH) - CMB, ROBERT WARSHAW AND PATRICIA GALLAGHER AS TRUSTEES

a

33-07/11/03-03-906

C

S T A T E M E N T O F ACC O U N T

ACCOUNT 33-01-000-1874960

JUN 30, 2003 THROUGH JUN 30, 2003

RENATE, HANS & MARIA HOFMANN TR U/W/0 RENATE HOFMANN, AS MODIFIED (ARTICLE FIFTH) - CMB, ROBERT WARSHAW AND PATRICIA GALLAGHER AS TRUSTEES

ADMINISTRATOR : MARK J ALTSCHULER (212) 464-2337

33-07/11/03-03-906

CHASE p "lu

P 4 R T F 0 L I 0 V A L U A T I O N

AS OF 06/30/03

ACCOUNT PAGE 1 33-01-000-1874960 RENATE, HANS & MARIA HOFMANN TR

PAR VALUE/ ASSET TAX COST MARKET CURR P/E ANNUAL PERCENT SHARES DE$CRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

SHORT TERM INVESTMENTS

100,000 CHASE MANHATTAN BANK TIER I 1 .00 100,000 1 .00 100,000 .41 419 5 .49 .67 MARKET RATE A/C

1,718,957 .230 CHASE MANHATTAN BANK TIER II 1 .00 1,718,957 1 .00 1,718,957 .74 12,874 94 .50 11 .65 MARKET RATE A/C

TOTAL DEMAND NOTES 1,818,957 1,818,957 .73 13,293 100 .00 12 .33

TOTAL SHORT TERM INVESTMENTS 1,818,957 1,818,957 .73 13,293 100 .00 12 .33

FIXED INCOME INVESTMENTS

30,201 .292 JPMORGAN BOND FUND II 39 .96 1,207,121 42 .43 1,281,440 5 .25 21 .22 67,271 41 .02 8 .68 CLASS REBATE FUND X1682 MOODYS : NOT RATED S&P : NOT RATED

151,245 .552 JPMORGAN U .S . TREASURY INCOME FD 11 .24 1,700,000 12 .18 1,842,170 3 .98 6 .09 73,354 58.97 12 .48 CLASS SELECT FUND #289 MOODYS : NOT RATED S&P : NOT RATED

TOTAL TAXABLE FIXED INCOME 2,907,121 3,123,611 4 .50 140,625 100.00 21 .17

TOTAL FIXED INCOME INVESTMENTS 2,907,121 3,123,611 4 .50 140,625 100.00 21 .17

EQUITIES

1,000 ALCOA INC 32 .82 32,825 25 .50 25,500 2 .35 `42 .83 600 .28 .17

6,000 ALEXANDERS INC . 71 .58 429,510 83 .49 500,940 29 .19 5 .61 3 .39

1,500 ALLSTATE CORPORATION 40 .86 61,289 35 .65 53,475 2 .58 15 .73 1,380 .59 .36

3,000 ALLTEL CORP . 59 .43 178,292 48 .22 144,660 2 .90 15 .44 4,200 1 .62 .98

209,863 .589 ALPINE DYNAMIC BALANCE FUND 9 .53 2,000,000 10 .37 2,176,285 2 .16 1 .05 47,009 24 .38 14 .75 I

CHASE

P O R T F O L I O V A L U A T I O N

AS OF 06/30/03

ACCOUNT PAGE 2 33-01-000-1874960 RENATE, HAMS a MARIA HOFMANN TR

PAR VALUE/ ASSET TAX COST MARKET CURR P/E ANNUAL PERCENT SHARES DESCRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

96,589 .140 ALPINE REALTY INCOME & GROWTH 10 .47 1,012,128 15 .26 1,473,950 5 .28 1 .58 77,947 16 .51 9.99 FUND

2,000 ALTRIA GROUP INC 47 .72 95,440 45 .44 90,880 5 .63 7 .97 5,120 1 .01 .61

1,000 AMBAC FINANCIAL GROUP INC 50 .99 50,998 66 .25 66,250 .60 15 .44 400 .74 .44

2,000 AMERICAN EXPRESS CO . 39 .48 78,960 41 .81 83,620 .95 21 .13 800 .93 .56

1,300 AMERICAN INTERNATIONAL GROUP,INC 74 .69 97,109 55 .18 71,734 .37 27 .34 270 .80 .48

2,000 ANADARKO PETROLEUM CORP . 51 .37 102,745 44 .47 88,940 .89 9.63 800 .99 .60

1,500 APACHE CORP . 49.71 74,570 65 .06 97,590 .61 12 .72 600 1 .09 .66

1,600 AUTOMATIC DATA PROCESSING, INC . 31 .17 49,872 33 .86 54,176 1 .41 19 .66 768 .60 .36

800 AVERY DENNISON CORPORATION 59 .61 47,688 50.20 40,160 2 .86 19 .88 1,152 .45 .27

2,300 BSB BANCORP, INC . 21 .55 49,565 24 .81 57,063 4 .03 285 .21 2,300 .63 .38

2,600 BOSTON PROPERTIES INC . 38 .31 99,628 43 .80 113,880 5 .75 8 .61 6,552 1 .27 .77

1,000 BRISTOL MYERS SQUIBB CO . 50 .02 50,025 27 .15 27,150 4 .12 28 .89 1,120 .30 .18

16,000 CALPINE CORPORATION 14 .87 238,040 6 .60 105,600 22 .48 1 .18 .71

3,000 CHELSEA PROPERTY GROUP INC 26 .08 78,247 40 .31 120,930 5 .30 12.69 6,420 1 .35 .82

2,000 CISCO SYSTEMS, INC . 14 .76 29,520 16 .79 33,580 39.51 .37 .22

1,400 CINTAS CORP . 34 .64 48,496 35 .43 49,602 .76 24 .93 378 .55 .33

7,000 CITIGROUP INC 47 .27 330,919 42 .80 299,600 1 .86 15 .03 5,600 3 .35 2 .03

2,000 CLOROX CO . 32 .06 64,120 42.65 85,300 2 .06 19 .88 1,760 .95 .57

1,300 COCA-COLA CO. 41 .74 54,262 46 .41 60,333 1 .89 23 .60 1,144 .67 .40

33-07/11/03-03-906

PAR VALUE/ ASSET TAX COST MARKET CURR PIE ANNUAL PERCENT ` SHARES DESCRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

900 COLLATE-PALMOLIVE CO . 54 .20 48,780 57 .95 52,155 1 .65 864 .58 .35 I

1,472 CONOCOPHILLIPS 41 .94 61,746 54 .80 80,665 2 .92 10 .21 2,355 .90 .54 I

3,500 CORNING INC . 54 .91 192,197 7 .39 25,865 3 .24 4 .42 840 .29 .17

3,000 DARDEN RESTAURANTS INC . 14 .08 42,245 18.98 56,940 .42 14 .59 240 .63 .38

5,000 DUKE ENERGY CORP . 39 .78 198,920 19.95 99,750 5 .51 16 .00 5,500 1 .11 .67 I

4,000 EL PASO CORPORATION 51 .33 205,336 8 .08 32,320 1 .98 2.15 640 .36 .21

1,500 FANNIE MAE 77 .25 115,887 67 .44 101,160 2 .31 9 .95 2,340 1 .13 .68

2,500 GENERAL ELECTRIC COMPANY 31 .81 79,537 28 .68 71,700 2 .65 19 .80 1,900 .80 .48

1,000 6UIDANT CORP . 37 .27 37,270 44 .39 44,390 .18 23 .25 80 .49 .30

500 HOME DEPOT, INC . 48 .65 24,327 33 .12 16,560 .72 20 .60 120 .18 .11

4,000 HONEYWELL INTERNATIONAL INC . 44 .79 179,195 26 .85 107,400 2 .79 14 .81 3,000 1 .20 .72

6,000 INTEL CORP . 32 .56 195,375 20.81 124,860 .38 49 .65 480 1 .39 .84

1,000 INTERNATIONAL BUSINESS 87 .77 87,773 82.50 82,500 .77 27 .20 640 .92 .55 MACHINES CORP .

1,800 JOHNSON & JOHNSON 62 .64 112,768 51 .70 93,060 1 .85 ,22 .75 1,728 1 .04 .63

1,500 JONES APPAREL GROUP INC . 33 .16 49,750 29 .26 43,890 12 .36 .49 .29

1,100 KIMBERLY-CLARK CORP . 45 .51 50,061 52 .14 57,354 2 .60 16 .64 1,496 .64 .38

1,000 KROGER CO. 22 .78 22,785 16 .68 16,680 10 .12 .18 .11

1,900 MGE ENERGY INC 26 .76 50,844 31 .37 59,603 4 .28 21 .13 2,551 .66 .40

1,000 MERRILL LYNCH & CO ., INC . 47 .90 47,905 46 .68 46,680 1 .37 16 .79 640 .52 .31

33-07/11/03-03-906

m, CHASE F

P O R T F O L I O V A L U A T I O N

AS OF 06/30/03

ACCOUNT PAGE 3 33-a1-000-1874960 RENATE, HANS & MARIA HOFMANN TR

ACCOUNT PAGE 4 33-01-000-1874960 RENATE, HAMS & MARIA HOFMANN TR

33-07/11/03-03-906

d 13& CHASE p lw

P O R T F O L I O V A L U A T I O N

AS OF 06/30/03

PAR VALUE/ ASSET TAX COST MARKET CURR P/E ANNUAL PERCENT SHARES DESCRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

3,500 MICROSOFT CORP . 26 .11 91,399 25 .64 89,740 .31 30.68 280 1 .00 .60

1,000 NOKIA CORP . 13.51 13,515 16 .43 16,430 1 .57 24.01 258 .18 .11 SPONSORED ADR

1,700 NORTH FORK BANCORPORATION, INC . 29 .95 50,919 34 .06 57,902 3 .17 13 .19 1,836 .64 .39

2,200 NUVEEN INVESTMENTS - CL A 22 .60 49,731 27 .24 59,928 1 .90 1,144 .67 .40

1,800 0'REILLY AUTOMOTIVE INC 26 .67 48,006 33 .47 60,246 22 .54 .67 .40

1,100 PNC BANK CORP . 42 .87 47,157 48 .81 53,691 3 .93 12 .01 2,112 .60 .36

3,000 PEPSICO, INC . 46 .79 140,390 44 .50 133,500 1 .43 23.71 1,920 1 .49 .90

4,000 PFIZER INC . 35 .49 141,985 34 .15 136,600 1 .75 22 .50 2,400 1 .53 .92

500 PRAXAIR,INC . 57 .94 28,970 60.10 30,050 1 .43 18 .26 430 .33 .20

500 PROCTER 8. GAMBLE CO . 88.71 44,355 89 .18 44,590 2 .04 20 .64 910 .50 .30

1,000 PROLOGIS 22.32 22,322 27 .30 27,300 5 .27 23 .08 1,440 .30 .18

2,000 REGIS CORP MILAN COM 25 .21 50,420 29 .05 58,100 .41 15 .71 240 .65 .39

600 SJW, CORP . 77 .97 46,782 85 .25 51,150 3 .41 14 .57 1,746 .57 .34

3,000 SCHERING-PLOUGH CORP . 36 .65 109,974 18 .60 55,800 3 .65 16 .26 2,040 .62 .37

7,000 SUNGARD DATA SYSTEMS COM 16 .84 117,897 25 .91 181,370 23 .06 2 .03 1 .22

1,500 SYSCO CORP . 28 .42 42,642 30.04 45,060 1 .46 26 .09 660 .50 .30

1,000 TARGET CORP 36 .60 36,607 37 .84 37,840 .74 21 .11 280 .42 .25 COMMON STK

1,000 TEXAS INSTRUMENTS, INC . 47 .43 47,435 17 .60 17,600 .48 89 .33 85 .19 .11

AS Of 06/30/03

PAGE 5 ACCOUNT 33-01-000-1874960 RENATE, HAMS & MARIA H4FMANN TR

1,000 TRIBUNE CO ., (ILL .) 46 .77 46,770 48 .30 48,300 .91 20 .96 440 .54 .32

1,000 UNITED TECHNOLOGIES CORP . 59 .01 59,010 70 .83 70,830 1 .52 15 .45 1,080 .79 .48

2,800 YORNADO REALTY TRUST 36 .42 101,974 43 .60 122,080 6 .23 18 .87 7,616 1 .36 .82

3,000 WACHOYIA CORPORATION 26 .12 78,367 39 .96 119,880 2 .90 15 .17 3,480 1 .34 .81

2,000 WAL-MART STORES INC . 52 .18 104,370 53 .67 107,340 .67 30 .39 720 1 .20 .72

3,000 WYETH 60 .41 181,255 45 .55 136,650 2 .02 13.14 2,760 1 .53 .92

1,000 YUM BRANDS INC 25 .12 25,120 29 .56 29,560 15 .66 .33 .20

TOTAL COMMON STOCKS 8,884,331 8,926,268 2 .52 225,613 100.00 60 .50

TOTAL EQUITIES 8,884,331 8,926,268 2 .52 225,613 100 .00 60.50

MISCELLANEOUS ASSETS

1 TANGIBLE PERSONAL PROPERTY 1 .00 1 1 33 .33 ELSEWHERE - TRUST & ESTATE TEAM X3104

1 HANS HOFMANN - FROLOCKING 344,000.00 344,000 1 .00 1 33 .33

1 HANS HOFMANN - RED PARABLE 232,000 .00 232,000 1 .00 1 33 .33

TOTAL OTHER MISCELLANEOUS ASSETS 576,001 3 100 .00

TOTAL MISCELLANEOUS ASSETS 576,001 3 100 .00

TOTAL ASSETS 14,186,411 13,868,840 2 .73 379,533 100.00 94 .00

a

33-07/11/03-03-906

CHASE I

PORTFOLIO VALUATION

PAR VALUE/ ASSET TAX COST MARKET CURR P/E ANNUAL PERCENT SHARES DESCRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

-418 .29 -1,200 .00

-1,618 .29

0 .00

33-07/11/03-03-906

ACCOUNT 33-01-000-1874960

P R I N C I P A L

OPENING CASH BALANCE 06/30/03

CLOSING CASH BALANCE 06/30/03

IMCOME

OPENING CASH BALANCE 06/30/03

RECEIPTS DURING THE PERIOD : DIVIDENDS PROCEEDS FROM SALES

TOTAL RECEIPTS

DISBURSEMENTS DURING THE PERIOD : DISTRIBUTIONS OTHER DISBURSEMENTS

TOTAL DISBURSEMENTS

CLOSING CASH BALANCE 06/30/03

c

S U M M A R Y O F TRANSACT I O N S

06/30103 THROUGH 06/30/03

RENATE, HANS $ MARIA HOFMANN TR

560 .00 1,058 .29

1,618 .29

0 .00

0 .00

0 .00

PAGE 6

a

33-07/11/03-03-906

. . , CHASE

STATEMENT OF TRANSACTIONS

06/30/03 THROUGH 06/30/03

ACCOUNT PAGE 7 33-Oi-000-1874960 RENATE, HANS & MARIA HOFMANN TR

TRANSACTION TRANSACTION INCOME INCOME PRINCIPAL PRINCIPAL DATE .DESCRIPTION DISBURSEMENTS RECEIPTS DISBURSEMENTS RECEIPTS

OPENING BALANCE 06/30/03 0.00 0 .00

06/30/03 DAWN ROGALA -418 .29 CATALOGUE RAISONNE PROJECT EXPENSES 4/1/03 - 5/31/03

06/30/03 DAWN ROGALA -1,200 .00 EXPENSES RE : CATALOGUE RAISONNE PROJECT

06/30/03 GUIDANT CORP . 80 .00 DIVD $ .08 A SH ON 1,000

06/30/03 PEPSICO, INC . 480.00 DIYD $ .16 A SH ON 3,000

06/30/03 CHASE MANHATTAN BANK TIER II 1,058 .29 MARKET RATE A/C SALE-AUTOMATIC CASH INVESTMENT ASSET

TOTAL ACTIVITY -1,618 .29 1,618 .29

CLOSING BALANCE 06/30/03 0 .00 0 .00

mCHASE p Im

T 0 T A L I N V E S T E D C A S H B A L A N C E S

AS OF 06/30/03

ACCOUNT PAGE 8 33-01-000-1874960 RENATE, HANS & MARIA HOFMANN TR

PAR VALUE/ ASSET SHARES DESCRIPTION MARKET VALUE

PRINCIPAL ASSETS

100,000 CHASE MANHATTAN BANK TIER I 100,000 MARKET RATE A/C

1,718,957 .230 CHASE MANHATTAN BANK TIER II 1,718,957 MARKET RATE A/C

TOTAL PRINCIPAL ASSETS 1,818,957

INCOME ASSETS

100,000 CHASE MANHATTAN BANK TIER I 100,000 MARKET RATE A/C

779,250.100 CHASE MANHATTAN BANK TIER II 779,250 MARKET RATE A/C

TOTAL INCOME ASSETS 879,250

TOTAL ASSETS 2,698,207

33-07/11/03-03-906

RENATE HOFMANN ART 5TH TRUST ACCUMULATED INCOME ACCOUNT

(212) 464-2337

RENATE HOFMANN ART 5TH TRUST ACCUMULATED INCOME ACCOUNT

33-12/01/03-03-906

ADMINISTRATOR : MARK J ALTSCHULER

~ r.1PMorgan Private Bank

S T A T E M E N T O F A C C O U N T

ACCOUNT 33-01-000-7699187

JUN 30, 2003 THROUGH JUN 30, 2003

AS OF 06/30/03

33-12/01/03-03-906

d M6,

,wp JPMorgan Private Bank

P O R T F O L I O V A L U A T I O N

ACCOUNT PAGE 1 33-01-000-7699187 HOFMANN ART 5 ACCUM INCOME

PAR VALUE/ ASSET TAX COST MARKET CURR P1E ANNUAL PERCENT SHARES DESCRIPTION UNIT TOTAL UNIT TOTAL YIELD YTM INCOME CAT PORT

SHORT TERM INVESTMENTS

74,239 .990 CHASE MANHATTAN BANK TIER 1 1 .00 74,239 1 .00 74,239 .38 288 100.00 7 .48 MARKET RATE A/C

TOTAL DEMAND NOTES 74,239 74,239 8 288 100 .00 7 .48

TOTAL SHORT TERM INVESTMENTS 74,239 74,239 .38 288 100 .00 7 .48

FIXED INCOME INVESTMENTS

87,021 .790 JPMORGAN SHORT TERM BD II FUND 10 .34 900,479 10.41 905,896 2 .28 3 .30 20,679 100 .00 91 .36 SELECT CLASS FUND #1227 MOODYS : NOT RATED S&P : NOT RATED

TOTAL TAXABLE FIXED INCOME 900,479 905,896 2 .28 20,679 100.00 91 .36

TOTAL FIXED INCOME INVESTMENTS 900,479 905,896 2 .28 20,679 100.00 91 .36

TOTAL ASSETS 974,719 980,136 2 .13 20,968 100.00 98 .85

i

s~

3

~ FJPMorgan Privates Bank

S U M M A R Y O F TRANSACT IONS

06/30/03 THROUGH 06/30/03

ACCOUNT PAGE 2 33-01-000-7699187 HOFMANN ART 5 ACCUM INCOME

P R I N C I P A L

OPENING CASH BALANCE 06/30/03 0 .00

CLOSING CASH BALANCE 06/30/03 0 .00

I N C O M E

OPENING CASH BALANCE 06/30/03 0 .00

CLOSING CASH BALANCE 06/30/03 0.00

33-12/01/03-03-906

Im vJPMorgan Private Bank

B A L A N C E S

PAGE 3

SNARES DESCRIPTION MARKET VALUE

11,397

11,397

85,637

r r

33-12/01/03-03-906

T O T A L I N V E S T E D C A S H

AS OF 06/30/03

ACCOUNT 33-01-000-7699187 HOFMANN ART 5 ACCUM INCOME

PRINCIPAL ASSETS

74,239 .990 CHASE MANHATTAN BANK TIER I MARKET RATE A/C

TOTAL PRINCIPAL ASSETS

INCOME ASSETS

11,397 .250 CHASE MANHATTAN BANK TIER I MARKET RATE A/C

TOTAL INCOME ASSETS

TOTAL ASSETS

74,239

74,239

331874960 02106 ; .1,004 10 04 AM

r f f 011, Form 88611'2-2000 Pace 2 o ~ If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box Note : On;y complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868 A If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1) Part II Additional not automatic 3-Month Extension of Time-Must File Ori final and One Copy.

Type or Name of Exempt Organization Employer identification number print RENAZE, HAMS & MARIA HOFMANN TRUST File by the C / O iPMCRv:11I CHASE BANK 13-7102172 extended Number, street, end room or suite no If a P O box, see instructions For IRS use only due dote for

1211 SIXTH AVENUE 34 FL filing the

return See City, town or post office, state, and ZIP code nor a (oieign addiass, see instr instructions NEW YORK NY 10036_ Check type of return to be filed (rile a separate application for each return)

Form 990 ~ Form 990-EZ n Form 990-T (sec ~101(a) or 408(4) trust) R Form 1041-A ~ Form 5227 a Form 8870 n Form 990-BL Form 990-PF ~ Form 990-T (trust other than above) Form 4720 ~ ~ Form 6069

Notice to Applicant-To 3e Completed by the IRS We have approved this applic2tiori- Please attach this form to the organization's return

have not approved this application However, we have granted a 10-day grace period from the later of the date shown below or the due date of the organization's return (including any prior extensions) This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return Please attach this form to the organization's return

e We have not approved this application After considering the reasons stated in item 7, we cannot grant your request for an

exten`*t%, to file We are not granting a 10-day grace period . We cannot consider this application because it was filed after the due date of the return for which an extension wasjpquest

a Other ------------------------- sb'~~ -~"~ - ~~ --

Director Date Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above

Name JPMorqan Private Bank

Type or Number and street (include suite, room, or apt no .) Or a P.O . box number print. I 1211 Avenue Of The Americas Fl 34

City or town, province or state, and country (including postal or ZIP code) New York NY 10036-8701

Form 8868 (12 .2000) DAA

STOP . Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868 .

If the organization does not have an office or place of business in the United States, check this box to- L If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is

for the whole group, check this box 111- a If it is for part of the group, check this box 10. 0 and attach a list with the names and EINs of all members the extension is for 4 I request an additional 3-month extension of time until L1Un 4

5 For calendar year , or other tax year beginning 7 /01/02 and ending - 6 /30/03 6 If this tax year is for less than 12 months, check reason Initial return ~ Final return a Change in accounting period 7 State in detail why you need the extension

Additional-time is-recLuested to gather information to prepare a complete and accurate-return .

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See instructions $ 18 , 478

b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made Include any poor year overpayment allowed as a credit and any amount paid previously with Form 8868 $ 33 , 824

c Balance Due . Subtract line Sb from line 8a Include your payment with this form, or, it required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) See ~

instructions g J

Signature and Verification Under penalties of penury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is~truerrect, and complete, and that I am authorized to prepare this form

' l 1 - " /,~~%~T~ue 1 VICE -PRESIDENT pace 1 2/06/04