﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-05-03T16:02:55-00:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>55 Walls Drive</AddressLine1>
        <City>Fairfield</City>
        <State>CT</State>
        <ZIPCode>06824</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>203367664</EIN>
      <Name>
        <BusinessNameLine1>The Timothy and Susanne Sullivan Family Foundation</BusinessNameLine1>
      </Name>
      <NameControl>TIMO</NameControl>
      <Phone>8008391754</Phone>
      <USAddress>
        <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
        <City>Wilmington</City>
        <State>DE</State>
        <ZIPCode>198091377</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Timothy Sullivan</Name>
      <Title>President</Title>
      <DateSigned>2012-05-03</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2012-05-03</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990PF documentId="990PF" softwareId="11000218" softwareVersion="2011.0.0">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>501146</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>103325</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>6531</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>6531</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:72">10787</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>297223</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>108152</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>120643</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>114683</TotalNetInvestmentIncome>
        <TaxesRevAndExpnss referenceDocumentId="990PF:78">562</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:79">7144</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>7144</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>7706</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>7144</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>225000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>225000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>232706</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>232144</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-112063</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>114683</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>67540</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>131517</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>131517</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>570723</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:89">394683</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>369629</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>638263</TotalAssetsBOY>
        <TotalAssetsEOY>526200</TotalAssetsEOY>
        <TotalAssetsEOYFMV>501146</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>638263</RetainedEarningsBOY>
        <RetainedEarningsEOY>526200</RetainedEarningsEOY>
        <TotalNetAssetsBOY>638263</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>526200</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>638263</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>526200</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>638263</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-112063</ExcessOfRevenueOverExpenses>
        <Subtotal>526200</Subtotal>
        <TotalNetAssetsFundBalancesEOY>526200</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>297223</GrossSalesPrice>
          <CostOrOtherBasis>189071</CostOrOtherBasis>
          <GainOrLoss>108152</GainOrLoss>
          <GainsMinusExcessOrLosses>108152</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>108152</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>335634</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>776492</NoncharitableAssetsYear1>
        <DistributionRatioYear1>000.432244</DistributionRatioYear1>
        <QualifyingDistributionsYear2>144569</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>845875</NoncharitableAssetsYear2>
        <DistributionRatioYear2>000.170911</DistributionRatioYear2>
        <QualifyingDistributionsYear3>15944</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1007954</NoncharitableAssetsYear3>
        <DistributionRatioYear3>000.015818</DistributionRatioYear3>
        <QualifyingDistributionsYear4>18714</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1140001</NoncharitableAssetsYear4>
        <DistributionRatioYear4>000.016416</DistributionRatioYear4>
        <QualifyingDistributionsYear5>104962</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>952608</NoncharitableAssetsYear5>
        <DistributionRatioYear5>000.110184</DistributionRatioYear5>
        <TotalDistributionRatio>000.745573</TotalDistributionRatio>
        <AverageDistributionRatio>000.149115</AverageDistributionRatio>
        <NetNoncharitableAssets>490293</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>73110</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>1147</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>74257</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>232144</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>1147</InvestmentIncomeExciseTax>
        <Subtotal>1147</Subtotal>
        <TaxBasedOnInvestmentIncome>1147</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>300</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>300</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>300</TaxPaidOriginalReturn>
        <Form2220Attached referenceDocumentId="2220">X</Form2220Attached>
        <TaxDue>847</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>true</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>true</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Susanne Sullivan</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>Vice President / Director</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Timothy P Sullivan</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>President / Director / Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>394697</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>103062</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>497759</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>497759</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:241">7466</CashDeemedCharitable>
        <NetNoncharitableAssets>490293</NetNoncharitableAssets>
        <MinimumInvestmentReturn>24515</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>24515</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>1147</TaxBasedOnInvestmentIncome>
        <TotalTax>1147</TotalTax>
        <DistributableAmountBeforeAdj>23368</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>23368</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>23368</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:242">232144</ExpensesAndContributions>
        <QualifyingDistributions>232144</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>1147</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>230997</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>23368</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>78196</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear2>102467</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>297071</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>477734</TotalExcessDistriCarryover>
        <QualifyingDistributions>232144</QualifyingDistributions>
        <AppliedToCurrentYear>23368</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>208776</RemainingDistriFromCorpus>
        <TotalCorpus>686510</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>78196</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>608314</ExcessDistriCyovToNextYear>
        <ExcessFromYear2>102467</ExcessFromYear2>
        <ExcessFromYear1>297071</ExcessFromYear1>
        <ExcessFromCurrentYear>208776</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Susanne Sullivan</ContributingManager>
        <ContributingManager>Timothy P Sullivan</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BROWN UNIVERSITY PROVIDENCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>164 ANGEL ST</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02912</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Pizzatola Gym Basketball Floor Refurbishment</PurposeOfGrantOrContribution>
          <Amount>125000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CRISTO REY JESUIT HIGH SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1852 W 22ND PL</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60608</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Rey of Hope III Chapel</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>225000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>6531</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>10787</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>17318</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>17318</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="990B" softwareId="11000218" softwareVersion="2011.0.0">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>0001</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>Sullivan Timothy P</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>1049 Locust Road</AddressLine1>
          <City>Wilmette</City>
          <State>IL</State>
          <ZIPCode>60091</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>103325</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>0001</ContributorNumberFromPartI>
        <NoncashPropertyDescription>CINEMARK HOLDINGS INC</NoncashPropertyDescription>
        <FairMarketValue>103325</FairMarketValue>
        <DateReceived>2011-05-11</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <GeneralExplanationAttachment documentId="990PF:151" softwareId="11000218" softwareVersion="2011.0.0"></GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="990PF:89" softwareId="11000218" softwareVersion="2011.0.0">
      <InvestmentsCorpStock>
        <NameOfStock>5738 shares of COLUMBIA ACORN FUND CLASS Z ACRNX</NameOfStock>
        <EOYBookValue>169226</EOYBookValue>
        <EOYFMV>158127</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>596 shares of ISHARES SP MIDCAP 400 BARRA VALUE IJJ</NameOfStock>
        <EOYBookValue>45252</EOYBookValue>
        <EOYFMV>45284</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>610 shares of ISHARES SP MIDCAP 400 GROWTH INDEX FUND IJK</NameOfStock>
        <EOYBookValue>47059</EOYBookValue>
        <EOYFMV>60225</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1243 shares of ISHARES TRUST MSCI EAFE INDEX FUND EFA</NameOfStock>
        <EOYBookValue>85180</EOYBookValue>
        <EOYFMV>61566</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>354 shares of SPDR SP 500 ETF TRUST SPY</NameOfStock>
        <EOYBookValue>47966</EOYBookValue>
        <EOYFMV>44427</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LiquidationExplanationStmt documentId="990PF:239" softwareId="11000218" softwareVersion="2011.0.0">
      <Statement>This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2011, The Timothy and Susanne Sullivan Family Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 225,000. This amount represents over 25 of the Foundations net assets of 642,587 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2011. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.</Statement>
    </LiquidationExplanationStmt>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>7119</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>7119</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="990PF:78" softwareId="11000218" softwareVersion="2011.0.0">
      <Taxes>
        <Category>Estimated Tax for 2011</Category>
        <Amount>300</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>Excise Tax for 2010</Category>
        <Amount>262</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>