• r 990-pf return of private foundation990s.foundationcenter.org/990pf_pdf_archive/237/...b 2 ,...

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990-PF Return of Private Foundation OMB No 1545-0052Form

or Section 4947(a)(1) Nonexempt Charitable Trust 2008Department of the Treasury Treated as a Private FoundationInternal Revenue Service

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2008 , or tax year beginning SEP 1, 2008 , and ending AUG 31 , 2009R Cher'k ail that annh, I----1 Initial return 7-1 Final return F---1 Amonrlerl return 71 h,ldre e nhennn 11 nip..,,...h',n,, .

Use the IRS Name of foundati on

- ------- -----A Employer Identification number

label.Otherwise , E ITMAN FOUNDATION 23-7086130

print Number and street (or P O. box number If mail is not delivered to street address) Room/su i te B Telephone numberortype . 10 PATTON DRIVE ( 973 ) 228-5100

See SpecificInstructions . City or town, state, and ZIP code C If exemption application Is pending , check here ►0

ST CALDWELL , NJ 0 7 0 0 6 D 1- Foreign organizations, check here ►H Check type of organization 0X Section 501 (c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, ►a

check here and attach computation

Section 4947 (a )( 1 ) nonexem p t charitable trust 0 Other taxable p rivate foundationE if ft dpriva e oun ation status was terminated

I Fair market value of all assets at end of year J Accounting method L1 Cash XO Accrual under section 507(b)(1)(A), check here

(from Part II, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination► $ 2 , 450 , 367 . (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 ) B), check here ►

Analysis of Revenue and Expenses ( a) Revenue and (b) Net Investment (c) Adjusted net (d) Disbursements

necessarilya l of amounts in columns (b), (c), and (d) may not

equal the amounts In column (a)) expenses per books income income for charitable purposes(cash basis only)

1 Contributions, gifts, grants, etc , received NJJ

2 Check [ ] If the foundation not n:qulred to attach Sch B

Interest on savings and temporarycash investments

4 Dividends and interest from securities 2 6 6 7 2. TATET 25a Gross rents

b Net rental Income or (loss)

6a Net gain or (loss) from sale of assets not on line 10 < 7 3 5 6 0 TAT NT ,d

Grossb assets n^line Se

for ell4 2

.

7 Capital gain net Income (from Part IV, line 2)

8 Net short-term capital gain

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold

oooo IAN ^

11 Other income

12 Total . Add lines 1 throw h 11 <46 888 . 26 , 672.

13 Compensation of officers , directors , trustees , etc 0. 0 . 0.

14 Other employee salaries and wages

15 Pension plans, employee benefits

y 16a Legal fees

CL b Accounting fees

W C Other professional fees STMT 3 11 , 757. 0. 11 , 757.17 Interest

2 18 Taxes STMT 4 1 , 100. 869. 0.19 Depreciation and depletion

E 20 Occupancy

< 21 Travel, conferences, and meetings

22 Punting and publications

23 Other expenses STMT 5. 14 5 21 . 14 , 250. 2 71 .24 Total operating and administrative

a expenses . Add lines 13 through 23 27 , 378. 1 0 2 8 .0 25 Contributions, gifts, grants paid 30,500 . 85 , 5 0 0.

26 Total expenses and disbursements.

Add lines 24 and 25 57 , 878. 15 119. 97 , 528.27 Subtract line 26 from line 12.

a Excess of revenue over expenses and disbursements <104, 766 .b Net Investment Income (if negative, enter -0-) 11, 5 5 3 .C Ad l usted net Income o f negative, enter -o- ) N/A

C

82350101-02-09

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions.

2

Form 990-PF (2008)

Form 990-PF (2008 ) RE I TMAN FOUNDATION 23-7086130 Page2

Ached schedules and amounts in the descriptionB l Sh tBeginning of year End of year

jj a ance ee s column should betorend-ot-yearamounts only (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing 29 , 224. 31 , 427. 31,427.2 Savings and temporary cash investments

3 Accounts receivable ►Less allowance for doubtful accounts ►

4 Pledges receivable ►Less allowance for doubtful accounts ►

5 Grants receivable

6 Receivables due from officers, directors, trustees, and other

disqualified persons

7 Other notes and loans receivable

Less. allowance for doubtful accounts ►

8 Inventories for sale or use .

9 Prepaid expenses and deferred charges

10a Investments - U S and state government obligations

b Investments - corporate stock STMT 6 2,937,448. 2,777,122. 2,415 , 955.c Investments - corporate bonds 1 , 412.

11 in esbronis - land buildings. and equipment bask .11110.

Less. accumulated depredatlon ►

12 Investments - mortgage loans

13 Investments - other

14 Land , buildings, and equipment basis ►Less accumulated depredation ►

15 Other assets (describe ► PREPAID EXCISE TAX ) 3 , 216. 2 , 985. 2 , 985.

16 Total assets to be com p leted by all filers 2 , 971 , 300. 2 , 811 , 534. 2 , 450 , 367.17 Accounts payable and accrued expenses

18 Grants payable 155 , 000. 100 , 000.

co 19 Deferred revenue

20 Loans from officers , directors , trustees , and other disqualified persons

21 Mortgages and other notes payable

J 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throu g h 22 ) 155 , 000. 100 , 000.

24

Foundations that follow SFAS 117, check here ► L1and complete lines 24 through 26 and lines 30 and 31.

Unrestricted 2 , 816 , 300. 2,711 , 534.m 25 Temporarily restricted

m 26 Permanently restricted

V

t

°,n 7

Foundations that do not follow SFAS 117 , check here ► 0and complete lines 27 through 31.

Capital stock, trust principal , or current funds

28 Paid-in or capital surplus , or land , bldg , and equipment fund

29 Retained earnings , accumulated income, endowment , or other funds

Z 30 Total net assets or fund balances 2 , 816 , 300. 2,711 , 534.

31 Total liabilities and net assets and balances 2 , 971 , 300. 2 , 811 , 534.

7 Analysis of Changes in Net Assets or Fund Balances

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)

Enter amount from Part I, line 27a

Other increases not included in line 2 (itemize) ►Add lines 1, 2, and 3

Decreases not included in line 2 (itemize) ►

2

3

4

5

6

1 2,816,300.2 <104 766.>3 0.4 2,711,534.

2,711,534.Form 990-PF (2008)

82351101-02-09

3

Form 990-PF 2008) RE ITMAN FOUNDATION 23-7086130 Pag e 3

Fart (V Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold (e g , real estate,2-story brick warehouse, or common stock , 200 shs. MLC Cory )

(b How acquiredPurchase

D - Donation

(c) Date acquired(mo., day , yr)

( d) Date sold(mo., day, yr.)

1a PUBLICLY TRADED SECURITIES

b 2 , 636.6383 SELECTINVEST ARV II LTD. P 03/26/08 03/31/09c CAPITAL GAINS DIVIDENDS

d

e

(e) Gross sales price (f) Depreciation allowed(or allowable )

(g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus (f) minus (g)

a 178 298. 203 450. <25 , 152.:b 244,1.43. 295 970. <51 , :827.c 3 , 419. 3 , 419.d

eComplete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col (h) gain minus

(I) F.M.V as of 12/31/69(J) Adjusted basisas of 12/31/69

(k) Excess of col (i)over col (I), if any

col ( k), but not less than -0-) orLosses (from col (h))

a <25 152.:b <51 827.:C 3 , 419.de

2If gain, also enter in Part I, line 7

Capital gain net income or (net capital loss ) If (loss), enter -0 - in Part 1 , line 7 2 <73 , 560.:

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)If ( loss ), enter -0- in Part I line 8 3 N/A

I. Part V.. I 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? Yes M No

If 'Yes,' the foundation does not qualify under section 4940 ( e) Do not complete this part

1 Enter the appropri ate amount in each column for each year, see instructions before making any entries

Base period yearsCalendar year ( or tax year be g innin g

(b)Adjusted qualifying distributions

( c)Net value of nonchantable-use assets

Distribution ratio(col. (b) divided by col (c))

2007 65 , 271. 2 , 963,474. .0220252006 73 , 678. 2,649 970. .0278032005 19 , 453. 1,840 538. .0105692004 226 , 216. 1 , 279 , 274. .1768322003 202 863. 1 , 045 , 621. .194012

2 Total of line 1 , column (d) 2 .431241

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 . 0 8 6 2 4 8

4 Enter the net value of nonchantable-use assets for 2008 from Part X, line 5 4 2 2 9 4 181 .

5 Multiply line 4 by line 3 5 197 , 869.

6 Enter 1 % of net investment income ( 1 % of Part I , line 27b) 6 116.

7 Add lines 5 and 6 7 197 , 985.

B Enter qualifying distributions from Part XII , line 4 8 97 , 528 .

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1% tax rateSee the Part VI instructions

823521 01-02-09 Form 990-PF (2008)

Form 990-PP(2008) REITMAN FOUNDATION 23-7086130 Paae4't Vt Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see i nstructions)

la Exempt operating foundations described in section 4940(d)(2), check here ►= and enter'N/A' on line 1.

Date of ruling letter (attach copy of ruling letter If necessary-see Instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►0 and enter 1 % 1 231.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (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 3 231.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on Investment Income . Subtract line 4 from line 3 If zero or less, enter -0- 5 231.

6 Credits/Payments

a 2008 estimated tax payments and 2007 overpayment credited to 2008 6a 3 , 216.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 Bill

7 Total credits and payments. Add lines 6a through 6d 7 3 , 216.

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 ► 10 2,985.

11 Enter the amount of line 10 to be: Credited to 2009 estimated tax ► 2 9 8 5 . Refunded ► 11 0.

la During the tax year , did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in

any political campaign? . .

b Did it spend more than $100 during the year ( either directly or indirectly ) for political purposes ( see instructions for definition)?

If the answer is "Yes" to 1 a or 1 b , attach a detailed descnphon of the activities and copies of any matenals published or

distributed by the foundation in connection with the activities.

c Did the foundation file Form 11 20 -POL for this year'

d Enter the amount ( it any ) of tax on political expenditures (section 4955 ) imposed during the year

(1) On the foundation. ► $ 0. (2) On foundation managers. ► $ 0.

e Enter the reimbursement ( if any ) paid by the foundation dunng the year for political expenditure tax imposed on foundation

managers ► $ 0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS'

If "Yes, " attach a detailed descnption of the activities.

3 Has the foundation made any changes , not previously reported to the IRS, in its governing instrument , articles of incorporation, or

bylaws , or other similar instruments? If "Yes, " attach a conformed copy of the changes

4a Did the foundation have unrelated business gross income of $1,000 or more during the year?

b If 'Yes ,' has it filed a tax return on Form 990 -T for this year? _ N/A

5 Was there a liquidation , termination , dissolution , or substantial contraction during the year?

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

6 Are the requirements of section 508 ( e) (relating to sections 4941 through 4945 ) satisfied either

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? _

7 Did the foundation have at least $5 ,000 in assets at any time during the year?

If "Yes, " complete Part ll, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered ( see instructions) ►NJ

b If the answer is'Yes'to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No, " attach explanation

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(1)(5) for calendar

year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)' If "Yes," complete Part XIV

0 Did any oersons become substantial contributors dunna the tax vear7 it 'Yes • attach a schedule listlna their names and addresses

Yes No

la X1b X

1c X

2 X

3 X4a X

4b

5 X

6 X7 X

Bb X

H

X

XForm 990-PF (2008)

82353101-02-09

5

Form 990-PF ( 2008) REITMAN FOUNDATION 23-7086130 Page5

I Part VU-A I Statements Regarding Activities (continued)11

12

13

14

15

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of

section 512(b)(13)') If'Yes, attach schedule (see instructions)

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before

X

August 17,2008? 12 X•

Did the foundation comply with the public inspection requirements for its annual returns and exemption applications 13 X

Website address ► N/A

The books are in care of ► ELIZABETH LOWENSTEIN Telephone no ► (9 7 3) 228-5100

Locatedat ► 10 PATTON DRIVE; WEST CALDWELL, NJ ZIP+4 ►07006Section 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 15 I N/A

{ Part VU-D I Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

1 a During the year did the foundation (either directly or indirectly)*

(1) Engage in the sale or exchange, or leasing of property with a disqualified person')

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?

Yes OX No

0 Yes

(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person' 0 Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person') =,,Yes

(5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person) Yes

(6) Agree to pay money or property to a government official? ( Exception . Check 'No'

if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service , if terminating within 90 days ) Yes

b If any answer is Yes to l a ( l)-(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 20 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here _

c Did the foundation engage in a pnor year in any of the acts described in la, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 2008')

Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a private operating foundation

defined in section 4942 (j)(3) or 4942 (j)(5)):

a At the end of tax year 2008 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year (s) beginning

before 20089 0 Yes

o No

OX No

OX No

OX No

^X No

N/A lb

1c X

OX No I I IIf 'Yes' list the years ►

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect

valuation of assets) to the years undistributed income') (If applying section 4942(a)(2) to all years listed, answer "No' and attach

statement - see instructions) N/A

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the years 0 Yes 0 No

b If 'Yes' did it have excess business holdings in 2008 as a result of (1) any purchase by the foundation or disqualified persons after

May 26, 1969, (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 period' (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2008.) N/A 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that

in I4bI IXForm 990-PF (2008)

82354101-02-09

6

Form990-PF 2008 REITMAN FOUNDATION 23-7086130 pt VU1j Statements Regarding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945 (e))? Yes 0 No

(2) Influence the outcome of any specific public election ( see section 4955 ), or to carry on, directly or indirectly,

any voter registration drive' Yes No

(3) Provide a grant to an individual for travel, study , or other similar purposes ? 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 animals2 Yes 0 No

b If any answer is 'Yes' to 5a ( 1)-(5), did any of the transactions fail to quality under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance ( see instructions)? N/A

Organizations relying on a current notice regarding disaster assistance check here

c If the answer is'Yes ' to question 5a (4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant' . . N/A flYes No

If "Yes, " attach the statement required by Regulations section 53.4945-5(07.

6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .. Q Yes No

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract2 6b X

If you answered "Yes" to 6b, also file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transactions Yes No

b If yes , did the foundation receive any p roceeds or have any net income attributable to the transaction? N /A 7b

vin PaidEatioyees,uand Conn, ctors

tors, Trustees , Foundation Managers , Highly

1 List all officers. directors . trustees . foundation manaaers and their comoensation.

(a) Name and address(b) Title, and averag e

hours p er week devotedto p osition

(c) Compensation(If not paid,enter -0- )

(d!conmbunonsto'mlo)wztans

co eon

(e) Expenseaccount, otherallowances

SEE STATEMENT 7 0. 0. 0.

9 Cmmnaneafinn of five h,ahasf-nairl s±mnlnvsePS Inthnr than thnsA InciLided on line l1_ It nnne__ P_nfer "NUN-"

(a) Name and address of each employee paid more than $50,000(b) Title, and average

hours per weekdevoted to p osition

(c) Compensation(d^Conmbunonsto"'^Od° fiJ^"°

co tion

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 1111. 1 UForm 990-PF (2008)

82355101-02-09

7

Form 990-PF (2008) REITMAN FOUNDATION 23-7086130

f^ VIC[ Information About Officers , Directors, Trustees, Foundation Managers, HighlyPaid Employees , and Contractors (continued

3 Five highest -paid independent contractors for professional services . If none, enter " NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE

Total number of others receivin g over $50 ,000 for p rofessional services 0

I Part IXA 1 Summary of Direct Charitable Activities

List the foundation ' s four largest direct chantable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served, conferences convened , research papers produced, etc Expenses

N/A

2

3

4

I Part tX-B I Summarv of Prnaram-Related Investments

Describe the two largest program- related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N/A

2

All other program- related investments . See instructions

3

Total . Add lines 1 through 3 0

Form 990-PF (2008)

82356101-02-09

Form 990-PP (2008 ) RE I TMAN FOUNDATION 23-7086130

p rt.X Minimum Investment Return (All domestic foundations must complete this part . Foreign foundations , see instructions.)

1 Fair market value of assets not used ( or held for use ) directly in carrying out charitable, etc , purposes

a Average monthly fair market value of securities 1 a 2 , 300 , 023.

b Average of monthly cash balances 1 b 26 , 110 .

c Fair market value of all other assets 1 c 2 , 985

d Total ( add lines 1a, b, and c ) 1d 2 , 32 9 118 .

e Reduction claimed for blockage or other factors reported on lines la and

1 c (attach detailed explanation) le 0

2 Acquisition indebtedness applicable to line 1 assets 2 0

3 Subtract line 2 from line 1d 3 2 , 329 , 118 .4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 ( for greater amount , see instructions ) 4 3 4 , 9 3 7 .

5 Net value of noncharltable -use assets. Subtract line 4 from line 3 Enter here and on Part V, line 4 5 2 , 294 , 181 .6 Minimum Investment return . Enter 5% of line 5 6 114,709 .

rpii Yj Distributable Amount (see instructions) (Section 4942(j)(3) and (1)(5) private operating foundations and certain

foreign oroanizations check h ere ► n and do not complete this part )

1 Minimum investment return from Part X , line 6 . . . 1 114 , 709.

2a Tax on investment income for 2008 from Part VI, line 5 2a 231.

b Income tax for 2008 (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b 2c 231 .

3 Distributable amount before adjustments . Subtract line 2c from line 1 3 11 T, 478 .

4 Recoveries of amounts treated as qualifying distributions 0

5 Add lines 3 and 4 _ 5 114 , 478 .

6 Deduction from distributable amount (see instructions) 6 0

7 Distributable amount as ad i usted Subtract line 6 from line 5 Enter here and on Part XIII line 1 . 7 114 , 478 .

P t't Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc , purposes*

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 .. 1 a 97,528 .

b Program-related investments - total from Part IX-8 lb 0

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 la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 97 , 528 .

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income Enter 1% of Part I, line 27b 5 0

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 97 , 528 .

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

Form 990-PF (2008)

82357101-02-09

9

Form 990-PF (2008 ) RE ITMAN FOUNDATION 23-7086130

t1 Undistributed Income (see instructions)

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

1 Distributable amount for 2008 from Part XI,

line 7

2 Undistnbuted income, If any, as of the end of 2007

a Enter amount for 2007 only

b Total for pnor years

3 Excess distributions carryover, if any, to 2008

a From 2003

bFrom 2004 53 , 633.

c From 2005 19 , 453.

dFrom2006 73 , 678.

e From 2007 65 , 271.

I Total of lines 3a through e4 Qualifying distributions for 2008 from

Part Xll,line 4:01 $ 97,528.

a Applied to 2007, but not more than line 2a

bApplied to undistributed income of pnor

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2008 distributable amount

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2008Of an amount appears In column (d), the same amountmust be shown In column (a) )

6 Enter the net total of each column asIndicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years' undistributed income Subtract

line 4b from line 2b

c Enter the amount of pnor years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed _

d Subtract line 6c from line 6b Taxable

amount - see instructions .

a Undistributed income for 2007. Subtract line

4a from line 2a Taxable amount - see instr..

I Undistributed income for 2008 Subtract

lines 4d and 5 from line 1 This amount must

be distributed in 2009

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3)

8 Excess distributions carryover from 2003

not applied on line 5 or line 7

9 Excess distributions carryover to 2009.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9.

a Excess from 2004

b Excess from 2005

c Excess from 2006 32 , 286.

dExcessfrom2007 65 , 271.

a Excess from 2008 97,528.

82358101-02-09

114,478.

0.

0.

212 035.

0.

0.

97,528.0.

0.114,478. 114,478.

195,085.

1 0.

0.

0.

0.

0.

195 085.

10

0.

0.

Form 990-PF (2008)

Form 990-PF 2008 RE ITMAN FOUNDATION 23-7086130

Part V Private Operating Foundations (see instructions and Part VII-A, question 9) N/A

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

foundation, and the ruling is effective for 2008, enter the date of the ruling lo. ^b Check box to indicate whether the foundation is a p rivate o peratin g foundation described in section 4942 (j)( 3 ) or 4942(j)(5)

2 a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimum (a) 2008 (b) 2007 (c) 2006 (d) 2005 (e) Total

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part 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 activities

Subtract line 2d from line 2c3 Complete 3a, b, or c for the

alternative test relied upona 'Assets' alternative test - enter

(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(j)( 3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c 'Support' alternative test - enter

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(i)(3)(B)(ni)

(3) Largest amount of support from

an exempt organization . .

4 Gross investment incomep XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets

at any time during the year-see 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 taxyear (but only if they have contributed more than $5,000) (See section 507(d)(2) )

NONE

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

NONE

2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship , etc., Programs:

Check here 10, 0 if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If

the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed

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

c Any submission deadlines

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

823601 01-02-09 Form 990-PF (2008)11

Form 9 90-PP ( 2008 ) REITMAN FOUNDATION 23-7 086130 Information

a Grants and Contributions Paid Durina the Year or Aoaroved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant orany foundation manager status of contribution Amount

Name and address ( home or business )or substantial contributor recipient

a Paid dung the year

NAMI ESSEX NJ, INC., PUBLICMONTCLAIR, NJ /A CHARITY UNRESTRICTED 1,000.

FRIENDS OF COBBOSSEE PUBLICWATERSHED DISTRICT, CHARITYAUGUSTA, ME /A NRESTRICTED 2,500.

PUBLICNJ SEEDS, NEWARK, NJ /A CHARITY PARENT PROJECT 10,000.

PUBLICURJ, NEW YORK, NY /A CHARITY CAPITAL-FUND 1,000.

PUBLICBRIDGES, SUMMIT, NJ /A CHARITY UNRESTRICTED 1,000.

DARTMOUTH COLLEGE, PUBLIC VISUAL ARTS

HANOVER, NH /A CHARITY ENTER 5,000.

GLASSROOTS, INC., NEWARK, PUBLICNJ /A CHARITY UNRESTRICTED 10,000.

EMORY UNIVERSITY, ATLANTA, PUBLICGA /A CHARITY JEWISH STUDIES 5,000.

JEWISH COMMUNITY PUBLIC JEWISH WOMEN'S

FOUNDATION OF METROWEST, CHARITY FOUNDATION FUND

WHIPPANY, NJ /A 50,000.

Total ► 3a 85 , 500.

b Approved for future payment

NONE

Total 3b I U •823611 01-02-09 Form 990-PF (2008)

12

Form 990-PF (2008) RE I TMAN FOUNDATION 23-7086130 Pane 12

Part XVIA Analysis of Income -Producing Activities

Enter i

1 Pro

b

c

d

e

f

92 Me

3 Int

inv

4 Div

5 Net

a

b

6 Net

pro

70th

8 Gal

tha

9 Net

10 Gr

11 0th

a

b

c

d

e

12 Su

13 Total. Add line 12, columns (b), (d), and (e) 13 <46,888. >

(See worksheet in line 13 Instructions to verify calculations

P XVE^I Relationship of Activities to the Accomplishment of Exempt Purposes

13

ross amounts unless otherwise indicated Unrelate d business income Excl ed by section 512 , 513 , or 514 (e)d

gram service revenue .

(a)Businesscode

(b)Amount

Ex.„-

sioncod e

(d)Amount

Related or exemptfunction income

Fees and contracts from government agencies

mbership dues and assessments

rest on savings and temporary cash

estments

idends and interest from securities 14 26,672.rental income or (loss ) from real estate

Debt-financed property

Not debt-financed property

rental income or (loss ) from personal

perty

er investment income

n or (loss ) from sales of assets other

n inventory 18 <73 , 560. >income or (loss) from special events

ss profit or ( loss) from sales of inventory

er revenue

)total Add columns ( b), (d), and (e) 0 . <4 6 8 8 8

B

o

0 .

82362101-02-0e Form 990-PF (2008)

Form 990-PF (2008) RE ITMAN FOUNDATION 23-7086130 Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes Nothe Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of,

(1) Cash ta(1) 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 nonchantable exempt organization 1b 2) X

(3) Rental of facilities, equipment, or other assets lb(3) X

(4) Reimbursement arrangements lb(4) X

(5) Loans or loan guarantees lb(5) X

(6) Performance of services or membership or fundraising solicitations lb(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 foundation. If the foundation 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) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of perjury, I declare that I h e examined this return , including accompanying schedules and statements , and to the best of my knowledge and belief , it is true , correct,

and complete Declaration of preparer )o an taxpayer or fiduciary) is based on all information of which preparer has any knowledge

4) Slgnatur f officer or trustX

y Prepa r'sj . (?'1 Lew.G-tsi g nature

y Firm' s name (or yours MCCABE ASSOCIATES, LLCa p,Cu m

if sell-employed ), 3 WERNER WAY, SUITE 20 Q'

address , andZlPcode LEBANON, NJ 08833

82362201-02-09

2a Is the foundation 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," comp lete the followi ng schedule.

-REITMAN FOUNDATION

FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A)DESCRIPTION OF PROPERTY

PUBLICLY TRADED SECURITIES

(B) (C)GROSS COST OR

SALES PRICE OTHER BASIS

178,298. 203,450.

MANNER DATEACQUIRED ACQUIRED DATE SOLD

(D) (E) (F)EXPENSE OF

SALE DEPREC . GAIN OR LOSS

0. 0. <25,152.>

(A)DESCRIPTION OF PROPERTY

2,636.6383 SELECTINVEST ARV II LTD.

(B) (C)GROSS COST OR

SALES PRICE OTHER BASIS

244,143. 295,970.

CAPITAL GAINS DIVIDENDS FROM PART IV

TOTAL TO FORM 990-PF, PART I, LINE 6A

23-7086130

3,419.

<73,560.>

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A)

SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

SMITH BARNEY-NOMINEE 3,419. 3,419. 0.

SMITH BARNEY-NOMINEE 87. 0. 87.

SMITH BARNEY-NOMINEE 8,963. 0. 8,963.SMITH BARNEY-NOMINEE 17,622. 0. 17,622.

TOTAL TO FM 990-PF , PART I, LN 4 30,091. 3,419. 26,672.

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED 03/26/08 03/31/09

(D) (E) (F)EXPENSE OF

SALE DEPREC. GAIN OR LOSS

0. 0. <51,827.>

15 STATEMENT(S) 1, 2

REITMAN FOUNDATION 23-7086130

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 3

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

CHARITABLE GIVINGCONSULTANT 11,757. 0. 11,757.

TO FORM 990-PF, PG 1, LN 16C 11,757. 0. 11,757.

FORM 990-PF TAXES STATEMENT 4

(A) (B) (C)•. (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE


EXCISE TAX 231. 0. 0.FOREIGN TAX 869. 869. 0.

TO FORM 990-PF, PG 1, LN 18 1,100. 869. 0.

FORM 990-PF OTHER EXPENSES STATEMENT 5

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE.


BANK FEESINVESTMENT MANAGEMENT FEESMEMBERSHIP FEES

46. 23.13,980. 13,980.

495. 247.

14,521. 14,250.

23.0.

248.

TO FORM 990-PF, PG 1, LN 23 271.

16 STATEMENT(S) 3, 4, 5

REITMAN FOUNDATION 23-7086130

FORM 990-PF CORPORATE STOCK STATEMENT 6

DESCRIPTION

SEE ATTACHED STATEMENT BSEE ATTACHED STATEMENT AUBP ARV II LTD

FAIR MARKETBOOK VALUE VALUE

1,941,935. 1,694,905.381,157. 292,033.454,030. 429,017.

TOTAL TO FORM 990-PF, PART II, LINE 10B 2,777, 122. 2,415,955.

FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 7TRUSTEES AND FOUNDATION MANAGERS

EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSE

NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT

MARGARET JACOBS CO-PRESIDENT & TTEEC/O REITMAN FOUNDATION, 10 PATTONDRIVE 5.00 0. 0. 0.WEST CALDWELL, NJ 07006

ELIZABETH LOWENSTEINC/O REITMAN FOUNDATION, 10 PATTONDRIVEWEST CALDWELL, NJ 07006

HOWARD JACOBSC/O REITMAN FOUNDATION, 10 PATTONDRIVEWEST CALDWELL, NJ 07006

DAVID LOWENSTEINC/O REITMAN FOUNDATION, 10 PATTONDRIVEWEST CALDWELL, NJ 07006

KIM JACOBSC/O REITMAN FOUNDATION, 10 PATTONDRIVEWEST CALDWELL, NJ 07006

KRISTY MASLINC/O REITMAN FOUNDATION, 10 PATTONDRIVEWEST CALDWELL, NJ 07006

CO-PRESIDENT & TTEE

5.00 0. 0. 0.

VICE PRESIDENT & TRUSTEE

1.00 0. 0. 0.

TREASURER/SECRETARY & TTEE

1.00 0. 0. 0.

TRUSTEE

0.00 0. 0. 0.

TRUSTEE

0.00 0. 0. 0.

17 STATEMENT(S) 6, 7

•REITMAN FOUNDATION 23-7086130

DANA SIEGEL TRUSTEE

C/O REITMAN FOUNDATION, 10 PATTONDRIVE 0.00 0. 0. 0.

WEST CALDWELL, NJ 07006

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII 0. 0. 0.

18 STATEMENT(S) 7

Election with Regard to Treatment of Qualifying Distributions

Form 990-PF: Part XIII, line 4 (c)Year Ended August 31, 2009

Reitman FoundationTIN: 23-7086130

10 Patton DriveWest Caldwell, NJ 07006

Tax Year: Year Ended August 31, 2009

Pursuant to Reg. Section 53.4942(a)-3(d) (2), The Reitman Foundation elects to treat

qualifying distributions for the fiscal year ended August 31, 2009 in the amount of

$97,528 as being made out of corpus.

OI-b-2oro

Date

and Foundation Manager

E.I.N.: 23-7086130

MorganStanley Reserved Page I of $

SmithBarney Client StatementRef: 00001677 00011380 August 1 - August 31, 2009

THE REITMAN FOUNDATION

u::-S).w;:sRas r r,3:,vr-.Ay.•,x: ;nr, -Yr".">7,..'% a:v" v7• Y "? ++s}r: w-; :}V }},}„: ^,K,:'^M:^: L`:•-",. <"3y,•',vk:Y',>t ,+„f :b+tc,v,--, tY,w'rS""^.:G `k;;-'

+ cS- 9c 2 `` ^fL " `.S .^,>/, • ,G„'r} o T`w„ 3*£ y.Y a >^}

^„ ,

.[^[O`/^,DETAILS

^+" }+''i ,A+! nYYFY,P' v vY1' vN,3.-z , „„. M< •lî ,:. -,, y 3 "'- r,+ ^'sS ^"y.Y: " € tS: ici' .. N'.'_ ' `" , 4 `^ -

-'ici^",,,' - •y - •• - v.<, i CY,; 'f+C" , -- 00' n -,5,,. ^yS.^, ?G'„ 5." -- 33a 4 , - ,MSSx..u ^'a".,. .., ^,.?.ai.-„--»..-,...+'i :v S',Y: - _ < ..} i ♦ lSC t130!LFLTI

}

+ >dE', v' So :Y:<rh fly ` +i u ` F; ^,i. }`Y v ,; c: „S , t v- ,/ "R 6 K Aa 3 , ; r _ ,t .t . r ? : G k'y''M1,' -t-„ - ';';;^3{'^ „-;r,,";..sd;,`4=,:--t,,vvdu^!?nry,,^>x',,}4.-',. i^:'a'>'^wro^,i'.,t:x#^r^r..^:^r§îG-yx â.^^^;t ,.ro/fx,'•>v,^x :.t,>v;.'^, „^„ ^^., :,»v:^ `-' „^-f - -

Your holdings are valued using the most current prices available to Citigroup Global Markets Inc. (CGMI). In most cases, these values are as of 08/31109, butin some cases CGMI's sources are unable to provide timely information. To see the date of the most recent price update, please view your account online atwww.smithbarney.com.Securities purchased or sold are Included or excluded in this section as of the trade-date. This section may Include securities that have not settled as of this statement closing date. Please seethe 'Unsettled Purchases/Sales' section for more Information. Dividend yield is the, estimated annual Income, assuming the current dividend, divided by the security's market price at the end ofthe statement period. We do not guarantee the accuracy of the prices reflected on the statement nor do these prices represent levels at which securities can be bought or sold.Please Note: unrealized gain!(loss) is being shown for informational purposes only and should not be used for tax preparation without the assistance of your tax advisor.

Money fund

Number Current Accrued Annualized % Anticipatedof shares Description value dividends dividend yield Income (annualized)

1,422 .58 WESTERN ASSET MONEY MARKET $1,422.58 .01'/. $.14FUND CLASS A

{of^} i'i 'C','f5-• Si'`v3},'-.'S,?

•- n^)4'v`}^:tvv, t.-t J -- ^vCf. ^1-`,y^ ,i{^pMi }` lli,i^^'-^}^ -Swi ,J i ??v - „y, r ]^ ,mon:esrl fl 'Y:. ,`n" ii +v,2K k,v>ti`>usYW ry iq`J iN t >,?f'' (,,vJj y *̂ ^ h."Y -, }9H Tf+ i ` }^y^ {MSG: .:JA :'l^3µv:\'ux. y. ~ ..:v^^ :

î^., v'i'^^,Y ^Â:tY'.v`^Y^114

J''.^ ^ ^„ I^` > ' `•TF, -•- h '-

i%,.- ,T,}l.: v,Y' vi'+^"^v

µ ^ ,v-+ 4 itr av\ $' ,J v TIi ,"<

Common stocks & options

Date Share Current Current Unrealized Average % , Anticipated IncomeQuanti ty Description Symbol acquired Cost cost price value gain/(loss) yield (annualized)

100 XL CAPITAL LTD CLASS A XL 10122108 $ 939.76 $ 9. 397 $ 17.35 $ 1,735.00 $ 79524 ST 2.305 %. $ 40.00

Statement A

MorganStanleySmithBarney

ReservedClient Statement

E.I.N.: 23-7086130

Page Z of $'

Ref: 00001677 00011381 August 1 - August 31, 2009


Common stocks & options continued

Date Share Current Current Unrealized Average % Anticipated IncomeQuantity Description Symbol acquired Cost cost puce value gain/(loss) yield (annualized)

175 TYCO ELECTRONICS LTD TEL 07/30/07 $ 6,307.00 $ 36.04 $ 22.82 $ 3,993.50 ($ 2,313.50) LT

15 08/01/07 528.93 35.262 22.82 342.30 (186.63) LT

30 09/06/07 1,055.99 35.199 22.82 684.60 (371.39) LT

35 11/20/08 490.95 14.027 22.82 798.70 307.75 ST

,65 8,382 .87 32 .874 5 ,819.10 (2,563 .77) 2.804 163.20

900 NEC CORP-ORD NIPNF 07/30/07 4,505.40 5.006 3.55 3,195.00 (1,310.40) LT

420 Exchange rate : .0107781 09/05/07 2,063.50 4.913 3.55 1,491.00 (572.50) LTShares traded In:

1,320 1„-„---- .,e^ 6,588 .90 4976 4,686 .00 (1,882.90) 1.548 72.60

165 FLEXTRONICS INTL LTD USD FLEX 08/15/08 1,556.53 9.433 5.93 978.45 (578.08) LT

25 AEGON N V-ADR AMER REG-ADR AEG 08/11/04 270.14 10.805 7.54 188.50 - (81.64) LT

135 10/20/04 1,429.14 10.586 7.54 1,017.90 (411.24) LT

225 11/05/04 2,665.26 11 .845 7.54 1,696.50 (968.76) LT

44 04/22/05 546.04 12.41 7.54 331.76 (214.28) LT

41 08/17/05 578.51 14.11 7.54 309.14 (269.37) LT

90 08/09/07 1,659.32 18.436 7.54 678.60 (980.72) LT

90 08/13/07 1,633.74 18.152 7.54 678.60 (955.14) LT

11 08/14/07 199.10 18.10 7.54 82.94 (116.16) LT

20 04/29/08 302 .00 15.10 7.54 150.80 (151.20) LT

25 08/12/08 265.75 10.63 7.54 188.50 (77.25) LT

706 9,549.00 13 .525 5,323.24 (4,225.76) 5.092 271.10

50 AKZO NOBEL N.V.ADR-EUR AKZOY 11/14/05 2,202.33 44.046 56.61 2,830.50 628.17 LT 3.513 99.45

960 ALCATEL-LUCENT ADR ALU 07/30/07 12,57456 13.098 3.75 3,600.00 (8,974.56) LT

90 08/02/07 1,070.69 11.896 3.75 337.50 (733.19) LT

1,050 13,645.25 12.995 3,937.50 (9,707.75)

65 ASTRAZENECA PLC SPON ADR AZN 07/30/07 3,352.70 51.58 46.63 3,030.95 (321.75) LT

80 08/16/07 3,621.79 45.272 46.63 3,730.40 108.61 LT

10 09/06/07 489.44 48.944 46.63 466.30 (23.14) LT

15 02/22/08 594.72 39.647 46.63 699.45 104.73 LT

170 8 ,058.65 47.404 7,927.10 (131.55) 4.482 355.30

15 BASF SE COMMON STOCK BASFY 04/21/09 500.33 33.355 52.24 783 .60 28327 ST 3.619 28.37

10 BP PLC SPONS ADR BP 07/07/09 457.23 45.723 51.45 514.50 57.27 ST

30 07/08/09 1 ,358.07 45.269 51 .45 1,543,50 185.43 ST

40 1,815.30 45.383 2,058.00 242.70 6.53 134.40

10 BARCLAYS PLC-ADR BCS 11/07/07 431.90 43.189 24.44 244.40 (187.50) LT

.0 11/09/07 392.32 :;?.-'82 24.44 244.40 (148.42j LT

1111111 X1111111111111111 Xliii 1111111111111111111111111111111111111111111111111111111111111 Statement A

MorganStanley ReservedE. I.N.: 23-7086130

Page 3orSmithBarney Client. Statement




DateQuantity Description Symbol acquired

Sharecost cost

Currentprice

Currentvalue

Unrealized Average % Anticipated Incomegain/(loss ) yield (annualized)

20 BARCLAYS PLC-ADR BCS 12/13/07 $ 865.85 $ 43.292 $ 24.44 $ 488.80 ($ 377.05) LT15 01/18/08 532.27 35.484 24.44 366.60 (165.67) LT75 03/20/08 2,527.49 33.699 24.44 1,833.00 (694.49) LT

80 06/10/08 2,038.99 25.487 24.44 1,955.20 (83.79) LT

20 06/12/08 483.77 24.188 24.44 488.80 5.03 LT

_ m 7,273.09 31 .622 5,621.20 (1,651 .89) 3.49 196.1975 BRITISH SKY BROADCASTING BSY 01/03/06 2,640.04 35.20 35. 33 2,649.75 9.71 LT 3.17 84.00

GROUP PLC SPONSORED ADR-USD-

15 CANON INC ADR CAJ 10/10/08 467.82 31.187 38.21 573.15 105.33 ST75 11/06/08 2,677.90 35.705 38.21 2,865.75 187.85 ST15 11/13/08 448.69 29.912 38 .21 573.15 124.46 ST15 01/06/09 467.59 31.172 38.21 573.15 105.56 ST15 01/14/09 473.16 31.543 38.21 573.15 99.99 ST

15 05/14/09 498.76 33.25 38.21 573.15 74.39 ST15 07/10/09 473.61 31.573 38.21 573.15 99.54 ST

165 5,507 .53 33.379 6,30465 797 . 12 2.781 175.40260 CARREFOUR SA UNSPON ADR CR ERY 04/07/09 2,035.12 7.827 9.31 2,420.60 385.48 ST

65 04/09/09 513.53 7.90 9.31 605.15 91.62 ST325 2,548 .65 7.842 3,025.75 477.10 2.384 72.15320 CENTRAIS ELETRICAS EBR 01/11/06 2,916.48 9.114 14.39 4,604 .80 1,688.32 LT 1.236 56.96

BRASILEIRAS SPON ADR

340 DAI NIPPON PRTG LTD JAPAN DNPLY 07/30/07 4,998.00 14.70 14.52 4,936.80 (61 .20) LT 1.866 92.14_ SPONS ADR

660 DEUTSCHE TELEKOM AG SP ADR DT 07/30/07 11 ,344.08 17.188 13.32 8,791.20 (2,552.88) LT 7.777 683.7630 ENI SPA SPONSORED ADR E 05/29/09 1,444.25 48.141 47.45 1,423.50 (20.75) ST10 06/15/09 485.42 48.541 47.45 474.50 (10.92) ST10 06/17/09 476.50 47.649 47.45 474.50 (2.00) ST30 07/22/09 1,453.14 48.438 47.45 1,423.50 (29.64) ST90 08/21/09 4,210.37 46.781 47.45 4,270.50 60.13 ST

170 8,069.68 47 .469 8 ,066.50 (3.18) 4.937 398.3170 ERICSSON L M TEL CO CL B ERIC 07/30/07 1,348.10 19.258 9.58 670.60 (677.50) LT

210 ADR NEW -USD- 10/26/07 3,092.00 14.723 9.58 2,011 .80 (1,080.20) LT240 11/29/07 2,960.34 12.334 9.58 2 ,299.20 (661.14) LT50 02/11/08 502.92 10.058 9.58 479.00 (23.92) LT

570 7,903.36 13.866 5,460.60 (2,442 .76) 1.67 9120

11111 11111 II^I DD^I I ^ IIII Ii Ii I^ II O nI I III I IIiI i IIlBll l state-.•t>



E.I.N.: 23-7086130

Paget'- of $

Ref'. 00001677 00011383 A ta us 1 - Au4 1S 31- 2009



Date Share Current Current Unrealized Average % Anticipated IncomeQuantity Description Symbol acquired cost cost puce value ain/ lossg ( ) yield (annualized)

275 FRANCE TELECOM SA SPON ADR FTE -- 07/30/07 $ 7,440.05 $ 27.054 $ 25.74 $ 7,078.50 ($ 361.55) LT5 06/01/09 120.85 24.17 25.74 128.70 7.85 ST p

280 7,560 .90 27.003 7,20720 (353.70) 9211 663.8890 FUJI HEAVY INDUSTRIES ADR FUJHY 07/30/07 4,293 .00 47.70 42.79 3,851 .10 (441 .90) LT .969 37.3500 FUJIFILM HLDGS CORP-JPY FUJ IY 08/20/08 1,845.22 30.753 29.60 1,776.00 (69.22) LT

60 09/09/08 1,724.80 28.746 29.60 1,776.00 51.20 ST

120 3,570.02 29.75 3,552.00 (18.02) .847 30 .12185 GLAXOSMITHKLINE PLC SP ADR GSK 07/30/07 9,042 .80 48 .88 39.10 7,233.50 (1,809 .30) LT 4.705 340.40180 H LUNDBECK A/S- HLUKY 07/30/07 4,725 .00 26.25 19.63 3,533 .40 (1,191 .60)11 1.37 48.42

ADR

70 HSBC HLDG PLC SP ADR NEW HBC 07/30/07 6,419.00 91 .70 53.92 3,774.40 (2,644.60) LT

1 03/25/08 84.07 84.07 53.92 53.92 (30.15) LT29 04/08/09 536 . 13 18.487 53.92 1,563.68 1,027.55 ST

100 7,03920 70.392 5,392.00 (1,647 .20) 4.08 220.0020 HENKEL AG & CO KGAA HENOY 02/17/09 490.16 24.507 39.35 787.00 296.84 ST20 SPONSORED ADR REPSTG PFD SHS 04/22/09 494.30 24.715 39.35 787.00 292.70 ST40 984 .46 24.612 1 ,574.00 589.54 1.227 19.3245 HITACHI LTD-ADR HIT 07/30/07 3,222.00 71 .60 35.12 1,580 .40 (1,641 .60) LT 1.463 23 .1360 HONDA MOTOR CO LTD ADR-NEW HMC 10/22/08 1,404.49 23.408 31.33 1,879.80 475.31 ST 1.484 27.9035 INFINEON TECHNOLOGIES ADR IFN NY 01/20/06 334.25 9.55 5.22 182 .70 (151.55) LT100 03/03/06 961 .41 9.614 5.22 522.00 (439.41) LT

55 03/08/06 522.01 9.491 5.22 287.10 (234.91) LT

180 02/22/08 1,424.99 7.916 5.22 939.60 (485.39) LT

164 08/18/09 504.06 5.22 856.08 352.02 ST

534 3,746.72 7 .016 2,787.48 (959.24)

140 INTESA SANPAOLO S P A ISN PY 07/30/07 6,251.00 44.65 25.94 3,631.60 (2,619.40) LT

15 SPONSORED ADR 06/20/08 508.90 33.926 25.94 389.10 (119.80) LT15 07/25/08 520.00 34.666 25.94 389.10 (130.90) LT

170 7 ,279.90 42 .823 4,409.80 (2,870.10) 9.969 439.6235 ITALCEMENTI FABRICH RIUNTE ITALY 07/28/08 531.19 15.176 15.011 525.39 (5.80) LT 1.085 5.71

ADR

90 J SAINSBURY PLC-GBP JSAIY 10/07/05 1,809 .53 20.105 21 .09 1,898 .10 88.57 LT45 SPONS ADR NEW 01/15/08 1,381 .77 30.705 21.09 949.05 (432.72) LT

40 03/18/08 1,057.72 26.442 21 .09 843.60 (214.12) LT

15 05/15/08 438.58 29 .238 21 .09 316.35 (122.23) LT20 06/05/08 548.99 27.449 21.09 421.60 (127.19) LT

1111111 X1111111111111111111111111111111111111111111111111111111111111111111111111111111111 Statement A

E.I.N.: 23-7086130MorganStanley Reserved Pagesof $SmithBarney Client Statement

Ref: 00001677 00011384 August-1 - August 31, 2009


Common stocks & options cons nued

Date Share Current Current Unrealized Average % Anticipated IncomeQuantity Description Symbol acquired cost cost puce value gain/(loss) yield (annualized)

20 J SAINSBURY PLC-GBP JSA IY 07/11/08 $ 448.77 $ 22.438 $ 21.09 $ 421.80 ($26.97) LT230 SPONS ADR NEW 5,685.36 24.719 4,850.70 (834.66) 3.959 192.05

110 KT CORP SPONSORED ADR KTC 07/30/07 2,599 .30 23.63 15.57 1,712 .70 (886.60) LT 1.978 33.88

585 KINGFISHER PLC KG FHY 07/30/07 5,118.75 8.75 6.78 3,966.30 (1,152.45) LT

160 SPONSORED ADR NEW 11/29/07 1,049.46 6.559 6.78 1,084.80 35.34 LT

90 05/06/08 493 . 82 5.486 6.78 610.20 116.38 LT

835 6,662.03 7.978 5 ,661.30 (1,000 . 73) 2.182 123.58

4 KONINKLIJKE AHOLD NV ADR AHONY 10/05/05 26. 29 6.572 11 . 65 46.60 20.31 LT

280 (NEW) 11/16/05 1,589.34 5.676 11.65 3,262.00 1,672.66 LT

112 11/29/05 703.93 6.285 11.65 1 ,304.80 600.87 LT

396 2,319.56 5.857 4 ,613.40 2,293 .84 1.536 70.88175 KOREA ELEC PWR CORP SP ADR KEP 07/21/04 1,681 . 75 9.61 12.35 2,161 .25 479.50 LT 2.218 47.9550 MAGNA INTERNATIONAL CL A MGA 07/30/07 4,309 .50 86.19 45 . 71 2,285.50 (2,024.00) LT

255 MARKS & SPENCER GROUP PLC MAKSY 06/27/05 3,272.50 12 . 833 10 .91 2,782.05 (490.45) LT

30 SPONSORED ADR 02/05/08 502 . 97 16 .765 10.91 327.30 (175.67) LT

35 04/23/08 500.59 14.302 10.91 381 .85 (118.74) LT

350 07/23/08 3,796.49 10.847 10.91 3,818.50 22.01 LT670 8,072.55 12.049 7 ,309.70 (762.85) 4.747 347.06

850 MITSUBISHI UFJ FINANCIAL MTU 07/30/07 9,154.50 10.77 6.34 5,389.00 (3,765.50) LT50 GROUP INC ADR 08/13/07 491 .58 9.831 6.34 317.00 (174.58) LT

60 09/19/07 550.96 9.182 6.34 380.40 (170.56) LT

_ 0 10,197 .04 10.622 6,086.40 (4,110 .64) 1.829 111.36

420 MITSUI SUMITOMO INS GROUP MSIGY 07/30/07 8 ,011.50 19.075 13. 92 5,846.40 (2,165.10) LT

30 HLDGS INC ADR 11 /01/07 578 .83 19. 294 13 .92 417 .60 (161.23) LT

450 8,590.33 19.09 6,264.00 (2,326.33) 1.587 99.45445 MIZUHO FINL GROUP INC-JPY MFG 07/30/07 6,332.35 14.23 4.83 2,149 .35 (4,183.00) LT90 SPONS ADR 08/08/07 1,076.73 11.963 4.83 434.70 (642.03) LT

_

120 08/15/07 1,394.41 11.62 4.83 579.60 (814.81) LT100 09/19/07 1,106.50 11 .065 4.83 483.00 (623.50) LT45 10/30/07 501.52 11 .144 4.83 217 .35 (284.17) LT

45 11/02/07 482 .80 10.728 4.83 217 .35 (265.45) LT

60 02/12/08 483.53 8.058 4.83 289.80 (193.73) LT

65 04/09/08 503.89 7.752 4.83 313.95 (189.94) LT

970 11 ,881.73 12249 4,685 .10 (7,196.63) 3.913 183.33

395 NIPPON TEL & TEL SPON ADR NTT 07/30/07 8,719.23 22.074 22.20 8,769 .00 49.77 LT 2.405 210.93

II UI IIII I I II IIUIII R IR I II IWI111I11 I 11111I1111 II IAY111 I I1111 I 111 Statement ^



E.I.N.: 23-7086130

Page ( of g

Ref: 00001677 00011385 August 1 - AuQ u st 31. 2009



Date Share Current Current Unrealized Average % Anticipated IncomeQuantity Descnption Symbol acquired cost cost price value ain/ tossg ( ) yield (annualized)

180 NISSAN MTR LTD SPONS ADR NSANY = 04/16/08 $ 2,979.50 $ 16.552 $ 13.95 $ 2,511.00 ($468.50) LT

60 04/18/08 1,034.87 17.247 13.95 837.00 (197.87) LT

30 04/23/08 515.41 17.18 13.95 418.50 (96.91) LT

30 07/25/08 468.34 15.611 13.95 418.50 (49.84) LT

• 0 4,998.12 16.66 4,185.00 (813.12) 3.677 153.90

100 NOKIA CORP SPONSORED ADR NOK 10/01/08 1,849.13 18.491 14.01 1,401.00 (448.13) ST60 10/08/08 1,006.58 16.776 14.01 840.60 (165.98) ST30 10/24/08 440.92 14.697 14.01 420.30 (20.62) ST30 11/03/08 473.05 15.768 14.01 420.30 (52.75) ST

40 11/21/08 515.08 12.877 14.01 560.40 45.32 ST35 11/28/08 494.00 14.114 14.01 490.35 (3.65) ST

105 12/11/08 1,616.79 15.398 14.01 1,471.05 (145.74) ST40 04/07/09 503.07 12.576 14.01 560.40 57.33 ST440 6,898.62 15.679 6,164.40 (73422) 2.805 172.92255 PORTUGAL TELECOM SPON ADR PT 06/27/05 2,353.65 9.23 10.34 2,636.70 283.05 LT220 11/16/05 2,014.58 9.157 10.34 2,274.80 260.22 LT50 02/03/06 491.96 9.839 10.34 517.00 25.04 LT

525 4,860.19 9258 5,428.50 568.31 5.686 308.70575 PROMISE CO LTD-UNSPON ADR PMSEY 07/30/07 7,561.25 13.15 4.83 2,77725 (4,784.00) LT 3.312 92.00

1.3209 ROYAL BK SCOTLAND GROUP RBS 10/19/07 284.09 216.912 18.45 24.37 (259.72) LT2.5401 PLC SPON ADR 11/02/07 495.53 196.752 18.45 46.86 (448.67) LT

14.2246 01/23/08 2,060.83 146.117 18.45 262.44 (1,798.39) LT6.6043 01/31/08 963.94 147.204 18.45 121.85 (842.09) LT

21.3369 02/13/08 3,065.81 144.914 18.45 393.67 (2,672.14) LT

4.0642 03/18/08 517.62 128.45 18.45 74.98 (442.64) LT

6.0963 07/03/08 503.24 83.253 18.45 112.48 (390.76) LT19.8127 07/15/08 1,319.44 67.165 18.45 365.54 (953.90) LT76 9,210.50 121.191 1,402.19 (7,808.31) 2.487 34 .88

345 SK TELECOM LTD SPON ADR SKM 07/30/07 9,670.35 28.03 15.56 5,36820 (4,302.15) LT 3.785 20321265 SANOFI-AVENTIS SNY 07/30/07 10,912.12 41.177 34.07 9,028.55 (1,883.57) LT

15 SPONS ADR 08/17/07 585.12 39.008 34.07 511.05 (74.07) LT10 10/31/07 438.14 43.813 34.07 340.70 (97.44) LT

290 11,935.38 41.156 9,880.30 (2,055.08) 3.278 323.93

11111111111111111111111111111111111111111111 Jill 11111111111111111111111111111111111 Jill till Statement A

MorganStanley ReservedE. I.N. : 23-7086130

SmithBarney Client StatementPagelof g

Ref 00001677 00011386 August 1 - August 31, 2009



Quantity DescriptionDate

Symbol acquired CostSharecost

Currentprice

Currentvalue

Unrealized Average % Anticipated Incomegain/(loss) yield (annualized)

260 SEIKO EPSON CORP UNSPON SEKEY 07/30/07 $ 3,692.00 $ 14.20 $ 7.32 $ 1,903.20 ($ 1,788.80) LT

40 ADR - 09/14/07 482.85 12.071 7.32 292.80 (190.05) LT3w 4,174.85 13 .916 2 ,196.00 (1,978 .85) 1.516 33.30

5 SONY CORP SPON ADR-NEW SN E 09/07/05 177.44 35.487 26.74 133.70 (43.74) LT

75 10/05/05 2,589.59 34.527 26.74 2,00550 (584.09) LT

10 08/24/07 472.18 47.218 26.74 267.40 (204.78) LT

10 01/28/08 461.69 46. 169 26.74 267.40 (194.29) LT

10 03/18/08 416.38 41.637 26.74 267.40 (148.98) LT

10 04/09/08 407.23 40.723 26.74 267.40 (139.83) LT

15 04/ 16/08 616.61 41. 107 26.74 401.10 (215.51) LT

20 10/23/08 462.42 23. 121 26.74 534.80 72 38 ST

155 5,603.54 36.152 4,144.70 (1,458 .84) 1.17 48.52

485 STMICROELECTRONICS N V STM 07/30/07 8,424.45 17.37 8.66 4,200.10 (4,224.35) LT 1.177 49.47SHS- N Y REGISTRY

680 SUMITOMO MITSUI FINL GROUP SM FJY 07/30/07 6,290.00 9.25 4.26 2,896.80 (3,393.20) LT

65 INC ADR 08/20/07 512.10 7.878 4.26 276.90 -(235.20) LT

60 08/24/07 479.56 7.992 4.26 255.60 (223.96) LT

260 09/05/07 1,987.02 7.642 4.26 1,107.60 (879.42) LT

75 09/14/07 523.68 6.982 4.26 319.50 (204.18) LT65 11/05/07 481.57 7.408 4.26 276.90 (204671 LT

1,205 10,273.93 8.526 5,133 .30 (5,140 .63) 1.619 83.15

50 SWISS REINSURANCE SPON ADR SWCEY 07/30/07 4,217.50 84.35 46.45 2,322.50 (1,895.00) LT

30 12/12/07 2,257.96 75.265 46.45 1,393.50 (864.46) LT

5 01/03/08 355.03 71.006 46.45 232.25 (122.78) LT

5 09/04/08 303.90 60.779 46.45 232.25 (71.65) ST

90 7,134 .39 79.271 4,180.50 (2,953.89) .148 621

205 SWISSCOM AG SPONS ADR SCMWY 07/30/07 6,922 .85 33.77 34.46 7,064.30 141 .45 LT 4.033 284.95

50 TDK CORP AMER DEPOSIT SHS TTDKY 07/30/07 4,397.00 87.94 57.95 2,897.50 (1,499.50) LT

25 08/24/07 1,981 .78 79.271 57.95 1,448.75 (533.03) LT75 6,378.78 85.05 4,346.25 (2,032.53) 2.122 9225

140 TAKEDA PHARMACEUTICAL CO TKPHY 05/08/08 3,803.14 27.165 19.95 2,793.00 (1,010.14) LT

40 LTD-JPY 07/07/08 1,007.67 25. 191 19.95 798.00 (209.67) LT180 4,810.81 26 . 727 3,591.00 (1,219.81) 4.19 150.48

AIII 111II 111VN I II 1111 I a I I I I 1111 I IIII I 111I I II I NV I VII I VI i 111l 1111 11 l l l l Statement

E.I.N.: 23-7086130MorganStantey Reserved

SmithBarne Page of I.

Y Client StatementRef 00001677 00011387 A ua u 1- A iauS 31. 2009



Date Share Current Current Unrealized Average % Anticipated IncomeQuantity Description Symbol acquired cost cost puce value ain/ lossg ( ) yield (annualized)

550 TELECOM ITALIA S.P.A-ADR TI 07/30/07 $ 14,690.50 $ 26.71 $ 16.15 $ 8,88250 ($ 5,808.00) LT90 (NEW) 08/29/08 1,459.62 16.218 16.15 1,453.50 (6.12) LT

640 16,150.12 25235 10,336.00 (5,814 . 12) 2.941 304.0040 TELEFONICA S.A. SPON ADR TEF 02/03/06 1,799.53 44.988 75.78 3,03120 1,231 .67 LT 4.152 125.8830 TELEFONOS DE MEXICO SP ADR TMX 06/27/05 1,52423 10.161 1859 2,788 .50 1,26427 LT 3.302 92.10

SPONSORED ADR REPSTG SH SR L

110 TELMEX INTL S.A.B. DE CV TII 06/27/05 926.03 8.418 12.88 1,416 .80 490.77 LT 1.894 26.84ADR SER L

67 TOKIO MARINE HLDGS INC TKOMY 06/24/05 1,796. 17 26.843 29.45 1,973.15 176.98 LT60 ADR 11/05/07 2,311.40 38 .523 29.45 1,767.00 (544.40) LT30 12/20/07 968 .48 32 .282 29.45 88350 (84.98) LT

157 5,076.05 32 .332 4,623.65 (452.40) 1.439 66.57220 TOMKINS F H PLC SPON ADR TKS 07/30/07 4,170.23 18.955 11.46 2,521.20 (1,649.03) LT 1.605 40 .4835 TOYOTA MOTOR CORP ADR NEW TM 10/22/08 2,579.38 73.696 85.19 2,981.65 40227 ST 2263 67 .4850 UNILEVER NV NY SHS-NEW UN 06/27/05 1,082.34 21.646 27.93 1,396 .50 314.16 LT150 06/14/06 3,164.40 21.096 27.93 4,189.50 1,025.10 LT25 05/05/09 516.04 20.641 27.93 698.25 182.21 ST

225 4,762.78 21.168 6,28425 1,521 .47 3.114 195.7545 WOLSELEY PLC WOSCY 05/07/08 496 .76 11 .039 2.34 105.30 (391.46 ) LT 27 .564 29.03

SPONSORED ADR

145 WOLTERS KLUWER N V SP ADR WTKWY 06/27/05 2,718.75 18.75 19.68 2,853.60 134.85 LT

7 04/21/09 130.76 18.68 19.68 137.76 7.00 ST152 2,849.51 18.747 2,991.36 141.85 3.617 10822

Total Common stocks and optiom 37$730 52 =° ; 296,06 7^ 56146 ' ST 3.22------ - - --- ---- --------- -

Total portfolio value 153.10 02$ 4 $526i.4i ST 321 t

192 ,0 33,4

11111111111 ^^^^^ 111111111111 ^^^ 11111111111 IN 111111111111111111111111111111111111111 IN Statement A

MorganStantey Reserved Client E. L N.: 23"70861304

SmithBarney Financial Management AccountPage lot



PORTFOLIO DETAILS

Your holdings are valued using the most current prices available to Citigroup Global Markets Inc. (CGMI). In most cases, these values are as of 08131/09, butin some cases CGMI's sources are unable to provide timely information. To see the date of the most recent price update, please view your account online atwww.smithbarney.com.Securities purchased or sold are Included or excluded in this section as of the trade-date. This section may Include securities that have not settled as of this statement closing date. Please see

the "Unsettled Purchases/Sales" section for more information. Dividend yield is the estimated annual income, assuming the current dividend, divided by the security's market price at the end of

the statement period. We do not guarantee the accuracy of the prices reflected on the statement nor do these prices represent levels at which securities can be bought or sold.

P' ze Note: unrealized gain/(loss) is being shown for informational purposes only and should not be used for tax preparation without the assistance of your tax advisor.

Money fund

Number Current Accrued Annualized % Anticipated

of shares Description value dividends dividend yield Income (annualized)

475,563 .95 WESTERN ASSET MONEY MARKET $ 475,563.95 .01 % $ 47.55

FUND CLASS A

Total money *.md w w 47ar;5^# w w ttOt# _ _. -07 47 .W

II^IM^'lI^V9^W^VIWI^IWIWI^VVN^VVNWM Statement a

E.I.N.: 23 -7086130

MOYgariStanley Reserved Client page z of 4SmithBarney Financial Management AccountAugust 1 - Auaust 31- 2009


TRAK O Personalized Investment Advisory Service

Certain mutual funds may not be transferable to other broker-dealers. For further information, please refer to the fund's Prospectus or call your Financial Advisor.

Consulting Group Research (CGR) rating codes (FL, AL or NL) may be shown for certain mutual funds . Please refer to the 'Guide to Investment Ratings' at the end of this statement for adescription of these rating codes. All research ratings represent the 'opinions' of Consulting Group Research and are not representations or guarantees of performance.

11 is the current distribution annualized, divided by the fund's net asset value at the end of the statement period. Distributions may consist of income, capital gains or the return of capital.

L,.-.. ibutions and current dividend for funds are based upon information provided by an outside vendor and are not verified by us. "Tax-Based Cost vs. Current Value" is being provided for

information purposes only. "Cash Distributions (since inception)" when shown, may reflect distributions on positions no longer held in the account, and may not reflect all distributions

received in cash due to but not limited to the following: investments made prior to 1/1/89, asset transfers, recent activity and certain adjustments made in your account "Total Purchases vs.

Current Value" is provided to assist you in comparing your "Total purchases" excluding reinvested distributions, with the current value of the fund's shares in your account "Fund Value

Increase/Decrease" reflects the difference between your total purchases and the current value of the fund's shares, plus cash distributions since inception.

Numberof shares Description

4,972.253 GABELLI EQUITY SER

3,877. 848 FDS INC EQUITY

5,192 878INCOME FUNDRating:CG RESEARCH

14,042 .979 Total Purchases

589.064 Reinvestments to date


Net ValueDate Share Current Current Unrealized Increase/ Anticipated

Symbol acquired cost cost price value gam/(loss ) Decrease Yield income (annualized)

GABEX 06/27/05 $ 89,600.00 $ 18 .02 $ 16 .46 $ 81,843.28 ($ 7,756.72) LT

03/03/08 80,000.00 20 .63 16 .46 63,829.38 (16,170.62) LT

06/24/08 105,000 .00 20 .22 16.46 85,474.77 (19,525.23) LTAL

15,005.031 Tax-based Cost vs. Current Value

Cash distributions (since inception)

Total Purchases vs. Current Value

Fund Value Increase/Decrease

274,600 .00 19.55 16.46 231 ,147.43 (43,452.57)

12,076.15 20.50 16.46 9,695.99 (2,380.16) LT

5,328.99 14.287 16.46 6,139.38 810.39 ST

292,005 .14 19 .46 246,982.80 (45,022 .34) 2.187 5 ,401.81

.01

274,600 .00 246,982.80 (27,617.20)

(27,617.19)

3,233.49 GROWTH FUND OF AMERICA CLASS F GFAFX 06/27/05 89,600.00 27.71 24.78 80,125.88 (9,474.12) LT

5,076. 142 Rating: CG RESEARCH : AL 03/03/08 160,000.00 31.52 24.78 125,786.80 (34,213.20) LT

5,154.639 06124/08 165,000.00 32.01 24.78 127,731.95 (37,268.05) LT

13,464271 Total Purchases 414,600 .00 30.79 24 .78 333 ,644.63 (80,955.37)

433.157 Reinvestments to date 14,216.72 32.821 24.78 10,733.63 (3,483.09) LT

170.03 Reinvestments to date 3,347.89 19.689 24.78 4,213.34 865.45 ST

14,067 .458 Tax-based Cost vs. Current Value 432,164 .61 30.721 348,591.60 (83,573 .01) .972 3,39025

Cash distributions (since inception) 727.54

Total Purchases vs. Current Value 414,600 .00 348 ,591.60 (66,008.40)

Fund Value IncreaselDecrease (65,280.86)

. 1,220.442 HARBOR INTERNATIONAL FUND HIINX 03/03/08 80,000.00 65.55 48.90 59,679.61 (20,320.39) LT

Rating:CG RESEARCH : FL

- 111 1111110111111111 11111111 ^^^ 11111111111 Jill 1111111111111111111111111111111111111111111 Statement B

MorganStanley Reserved ClientE.I.".:23-7086130

Pa e 3 of

SmithBarney Financial Management AccountRef: 00001678 00011396 August 1 - August 31, 2009


TRAK O Personalized Investment Advisory Service continuedNet Value

Number Date Share Current Current Unrealized Increase/ Anticipatedof shares Description Symbol acquired Cost cost price value gain/(loss ) Decrease Yield income (annualized)

HARBOR INTERNATIONAL FUND HIINX

1,220 .442 Total Purchases


1,238 .892 Tax-based Cost vs. Current Value


Fund Value Increase/Decrease

2,784.481 HARDING LOEVNER EMERGINGMARKETS PORTFOLIO FUNDRating:CG RESEARCH : FL

2,784 481 Total Purchases


2,891 .497 Tax-based Cost vs. Current Value


$ 80,000.00 $ 65.55 $ 48 .90 $ 59 ,679.61 (S 20,320.39)

714.94 38.75 48.90 902.21 187.27 ST

80,714.94 65.151 60,581.82 (20,133.12) 1.198 725.99

80,000.00 60,581.82 (19,418.18)

HLEMX 03/03/08 150 ,000.00 53. 87 37.06 103,192 . 87 (46,807.13) LT

150,000.00 53.87 37.06 103,192.87 (46,807.13)

2,861.61 26.74 37.06 3,966.01 1,104.40 ST

152,861 .61 52.866 107,158.88 (45,702.73) 2 773 2,972.45

150,000.00 107,158.88 (42,841.12)Fund Value Increase/Decrease (42,841.12)

4,149.378 RS VALUE FD RSVAX 03/03/08 100,000.00 24.10 19.19 79,626.56 (20,373.44) LT1,518.603 Rating:CG RESEARCH : FL 06/24/08 40,000.00 26.34 19.19 29,141.99 (10,858.01) LT5,667 .981 Total Purchases 140,000.00 24. 70 19.19 108,768.55 (31,231.45)

120.044 Reinvestments to date 1,720.23 14.329 19.19 2,303.64 583.41 ST5,788 .025 Tax-based Cost vs. Current Value 141,720.23 24.485 111,072.19 (30,648 .04) .187 208.36

Total Purchases vs. Current Value 140,000.00 111 ,072.19 (28,927.81)Fund Value Increase/Decrease (28,927.81)

7800.312 ROYCE VALUE PLUS FUND RYVPX 03/03/08 100,000.00 12.82 10.23 79,797.19 (20,202.81) LT(6.923 Rating:CG RESEARCH : FL 06/24/08 40,000.00 13.00 10.23 31,476.92 (8,523.08) LT

10,877 .235 Total Purchases 140,000.00 12.87 10.23 111,274.11 (28,725.89)258.426 Reinvestments to date 1,904.60 7.37 10.23 2,643.70 739.10 ST

11,135 .661 Tax-based Cost vs . Current Value 141,904.60 12.743 113,917.81 (27,986 . 79) 1.652 1 ,881.92Total Purchases vs. Current Value 140,000.00 113,917.81 (26,082.19)

Fund Value Increase/Decrease (26,082.19)

Total TRAK Investments { rax aced $ ,241 71 .13 - - -$988;30510 4,29002 ST 1.47 -

$ 2573S6.Oej LT $ t436O78Total Fund Value tni ase7Dec as w M w m (t210,1167-35) 0 „w^V N u

Statement B

MorganStanley Reserved ClientE.I.N.: 23-7086130

Page of 4SmithBarney Financial Management Account

Rei 00001678 00011397 August 1 - August 31, 2009


Certificates of depositCDs maturing on or before December 31, 2013, are insured by the FDIC up to $250,000. Through December 31, 2013 , FDIC Insurance has been increased to $250,000 for all ownership

categories , principal and interest combined, per depositor, per institution , for all deposits held In each Insurable capacity. Insurance coverage will revert to the $100,000 limit on January 1,

2014 , except for IRAs and certain self-directed retirement accounts which will remain at $250,000 . Any CD with a maturity date after December 31, 2013, will be FDIC insured only for

$100,000 principal and interest combined, ►f held in an account ownership category for which the insurance limit was up to $100,000 prior to October 3, 2008. Certificates of deposit (-CDs")

are insured by the FDIC up to $250,000 per account owner per depository Institution (principal and accrued Interest combined) when aggregated with other deposits held ►n the same insurable

capacity at the same depository institution . The market value of any CD on this statement is estimated using a matrix based on interest rates. If a CD cannot be priced using this method, the

st",ment will not reflect a market value for the CD. The estimated market value may not reflect the actual price you would receive If you were able to sell your CD prior to maturity. FDIC

I1 ince is based on the outstanding principal amount of the CD, or the accreted value in the case of a zero coupon CD, not the estimated market value.

Issuer names followed by a'C' indicate that issuer is an affiliate of Global Markets Inc.

Date Share cost/ Current share Unrealized Current % Yield/acquired/ Cost/ Adjusted share price/Accrued Current value/ Gam/(loss) Anticip Income Ordinary Income/

Amount Description CUSIP # Adjusted cost cost interest Maturity value Onginal/Adjusted (annualized) Capital gain/(loss)

96,000 AMERICAN EXPRESS CENTURION BK 12/04/08 $ 96,000.00 $ 100.00 100 .577 $ 96,553 .92 $ 553 .92 ST $ 0.00

DTD 12/ 10/08 INT : MATURITY .02586TBV5 $ 96,000 .00 $ 100 .00 $ 225,000 .00 $ 553.92 ST $ 553.92

96,000 INT : 02.900% MATY: 12/10/2009 12/04/08 96 ,000.00 100 .00 100.577 96,553.92 553.92 ST 0.0096,000.00 100.00 225 ,000.00 553 .92 ST 553.92

33,000 12/04/08 33,000.00 100. 00 100 .577 33,190.41 190.41 ST 0.0033,000 .00 100.00 225,000 .00 190.41 ST 190.41

225,000 225,000 .00 100 .00 226"8.26 1,298.25 2.883 0.00225,000 .00 100 .00 4,737 .33 225,000.00 1,29825 6,525.00 1,29825

Total cerancates otdeposit 22 a 4,143K= ;2 ,29s $1 5 OT 2.as i aM

22x,000 225,000.00 = $ 0..00 LT - $ 5,520.00 .54,298.20

Total portfall o value $1 05 $ I ,te?.30 $ 6,588.27 ST 1.20 $ 0.9096.

^^ 3,356.05 IT 2#:15 $1,2882

I, 04190,5

111111111111111111111111 HE 11111111111111 IN 111111111111111111111111111111111111111 IN Statement B

• r 990-pf return of private foundation990s.foundationcenter.org/990pf_pdf_archive/237/...b 2 ,...

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