﻿<?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>2012-05-03T12:45:13-00:00</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>203753379</EIN>
      <Name>
        <BusinessNameLine1>Zhu Family Foundation Inc</BusinessNameLine1>
      </Name>
      <NameControl>ZHUF</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>Huican Zhu</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="6">
    <IRS990PF documentId="990PF" softwareId="11000218" softwareVersion="2011.0.0">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1518953</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>14</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>14</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>42006</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>42006</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:72">208</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>208</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>208</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>42228</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>42228</TotalNetInvestmentIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId="990PF:77">7817</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>7817</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="990PF:78">407</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:79">11521</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>11521</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>19745</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>7817</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>11521</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>35000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>35000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>54745</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>7817</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>46521</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-12517</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>34411</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>66996</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>19259</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>19259</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>1382560</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:89">1417780</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>1499694</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>1449556</TotalAssetsBOY>
        <TotalAssetsEOY>1437039</TotalAssetsEOY>
        <TotalAssetsEOYFMV>1518953</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>1449556</RetainedEarningsBOY>
        <RetainedEarningsEOY>1437039</RetainedEarningsEOY>
        <TotalNetAssetsBOY>1449556</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1437039</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>1449556</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1437039</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>1449556</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-12517</ExcessOfRevenueOverExpenses>
        <Subtotal>1437039</Subtotal>
        <TotalNetAssetsFundBalancesEOY>1437039</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>208</GrossSalesPrice>
          <GainOrLoss>208</GainOrLoss>
          <GainsMinusExcessOrLosses>208</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>208</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>65738</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1515206</NoncharitableAssetsYear1>
        <DistributionRatioYear1>000.043386</DistributionRatioYear1>
        <QualifyingDistributionsYear2>70101</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1353050</NoncharitableAssetsYear2>
        <DistributionRatioYear2>000.051810</DistributionRatioYear2>
        <QualifyingDistributionsYear3>56404</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1399940</NoncharitableAssetsYear3>
        <DistributionRatioYear3>000.040290</DistributionRatioYear3>
        <QualifyingDistributionsYear4>48052</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1048355</NoncharitableAssetsYear4>
        <DistributionRatioYear4>000.045836</DistributionRatioYear4>
        <QualifyingDistributionsYear5>29631</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>881779</NoncharitableAssetsYear5>
        <DistributionRatioYear5>000.033604</DistributionRatioYear5>
        <TotalDistributionRatio>000.214926</TotalDistributionRatio>
        <AverageDistributionRatio>000.042985</AverageDistributionRatio>
        <NetNoncharitableAssets>1601686</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>68848</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>344</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>69192</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>46521</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>688</InvestmentIncomeExciseTax>
        <Subtotal>688</Subtotal>
        <TaxBasedOnInvestmentIncome>688</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>400</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>400</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>400</TaxPaidOriginalReturn>
        <Form2220Attached referenceDocumentId="2220">X</Form2220Attached>
        <TaxDue>288</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</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>Huican Zhu</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>1583409</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>42668</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1626077</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>1626077</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:241">24391</CashDeemedCharitable>
        <NetNoncharitableAssets>1601686</NetNoncharitableAssets>
        <MinimumInvestmentReturn>80084</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>80084</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>688</TaxBasedOnInvestmentIncome>
        <TotalTax>688</TotalTax>
        <DistributableAmountBeforeAdj>79396</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>79396</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>79396</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:242">46521</ExpensesAndContributions>
        <QualifyingDistributions>46521</QualifyingDistributions>
        <AdjQualifyingDistributions>46521</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>79396</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>8767</UndistributedIncomePriorYear>
        <QualifyingDistributions>46521</QualifyingDistributions>
        <AppliedToYear1>8767</AppliedToYear1>
        <AppliedToCurrentYear>37754</AppliedToCurrentYear>
        <UndistributedIncomeCY>41642</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Huican Zhu</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE HARKER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3800 BLACKFORD AVE</AddressLine1>
            <City>SAN JOSE</City>
            <State>CA</State>
            <ZIPCode>95117</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Annual Giving Campaign</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UC SANTA BARBARA FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>DEVELOPMENT OFC</AddressLine1>
            <City>SANTA BARBARA</City>
            <State>CA</State>
            <ZIPCode>93106</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Glen and Susanne Culler Endowed Chair in Computer Science Fund</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>35000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>14</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>42006</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>208</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>42228</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>42228</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>
    <GeneralExplanationAttachment documentId="990PF:151" softwareId="11000218" softwareVersion="2011.0.0"></GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="990PF:89" softwareId="11000218" softwareVersion="2011.0.0">
      <InvestmentsCorpStock>
        <NameOfStock>1983 shares of AMERICAN EUROPACIFICGROWTH CLASS F AEGFX</NameOfStock>
        <EOYBookValue>83639</EOYBookValue>
        <EOYFMV>69371</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3948 shares of AMERICAN FUNDS BOND FD OF AMERICA F BFAFX</NameOfStock>
        <EOYBookValue>50860</EOYBookValue>
        <EOYFMV>49550</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>11192 shares of AMERICAN FUNDS HIGH-INCOME TRUST F AHTFX</NameOfStock>
        <EOYBookValue>121080</EOYBookValue>
        <EOYFMV>119308</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3488 shares of AMERICAN GROWTH FUND OF AMERICA GFAFX</NameOfStock>
        <EOYBookValue>113569</EOYBookValue>
        <EOYFMV>99611</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1572 shares of DAVIS APPRECIATION AND INCOME FUND CLASS Y DCSYX</NameOfStock>
        <EOYBookValue>46178</EOYBookValue>
        <EOYFMV>40320</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>868 shares of HARDING, LOEVNER FUNDS, INC. EMERGING MARKETS PORT HLEMX</NameOfStock>
        <EOYBookValue>34941</EOYBookValue>
        <EOYFMV>36796</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>389 shares of ISHARE SP SMALL CAP 600 INDEX FD IJR</NameOfStock>
        <EOYBookValue>25421</EOYBookValue>
        <EOYFMV>26569</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2297 shares of ISHARES MSCI EMERGING MARKETS INDEX FD EEM</NameOfStock>
        <EOYBookValue>62251</EOYBookValue>
        <EOYFMV>87148</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1601 shares of ISHARES TRUST MSCI EAFE INDEX FUND EFA</NameOfStock>
        <EOYBookValue>66733</EOYBookValue>
        <EOYFMV>79298</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1413 shares of JENNISON NATURAL RESOURCES FUND CLASS Z PNRZX</NameOfStock>
        <EOYBookValue>31833</EOYBookValue>
        <EOYFMV>67377</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4340 shares of JOHN HANCOCK CLASSIC VALUE FUND JCVIX</NameOfStock>
        <EOYBookValue>105279</EOYBookValue>
        <EOYFMV>66702</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>11073 shares of PRINCIPAL INVESTORS FUND INC PREFERRED SECURITIE PPSAX</NameOfStock>
        <EOYBookValue>67895</EOYBookValue>
        <EOYFMV>104309</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2015 shares of ROYCE VALUE PLUS FUND INVESTMENT CLASS RYVPX</NameOfStock>
        <EOYBookValue>27872</EOYBookValue>
        <EOYFMV>24183</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>6160 shares of TCW GALILEO TOTAL RETURN BOND FUND CL I TGLMX</NameOfStock>
        <EOYBookValue>61410</EOYBookValue>
        <EOYFMV>59387</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2978 shares of THORNBURG GLOBAL VALUE FUND CLASS I TGVIX</NameOfStock>
        <EOYBookValue>79212</EOYBookValue>
        <EOYFMV>73206</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3241 shares of VANGUARD INDEX TRUST 500 INDEX FUND VFINX</NameOfStock>
        <EOYBookValue>317780</EOYBookValue>
        <EOYFMV>375299</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2146 shares of VANGUARD MID-CAP INDEX FUND VIMSX</NameOfStock>
        <EOYBookValue>40948</EOYBookValue>
        <EOYFMV>42161</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4750 shares of VANGUARD SHORT TERM INVESTMENT GRADE FUND VFSTX</NameOfStock>
        <EOYBookValue>49721</EOYBookValue>
        <EOYFMV>50536</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>957 shares of WELLS FARGO ADVANTAGE SMALL CAP VALUE FUND CLASS Z SSMVX</NameOfStock>
        <EOYBookValue>31158</EOYBookValue>
        <EOYFMV>28563</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>11496</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>11496</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:77" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>7817</Amount>
        <NetInvestmentIncome>7817</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:78" softwareId="11000218" softwareVersion="2011.0.0">
      <Taxes>
        <Category>Estimated Tax for 2011</Category>
        <Amount>400</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>Excise Tax for 2010</Category>
        <Amount>7</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>