Documente Academic
Documente Profesional
Documente Cultură
1545-0052
Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust
Department of the Treasury
Internal Revenue Service
Treated as a Private Foundation
Note: The foundation may be able to use a copy of this return to satisfy state reporting requirements.
For calendar year 2007, or tax year beginning 12/01 , 2007, and ending 11/30/2008
G Check all that apply: Initial return Final return Amended return Address change Name change
Name of foundation A Employer identification number
Use the IRS
label. THE GOLDMAN SACHS FOUNDATION 23-7000346
Otherwise, Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number (see page 10 of the instructions)
print
or type.
85 BROAD STREET, 22ND FLOOR (212) 902-4223
See Specific
City or town, state, and ZIP code
C If exemption application is
Instructions. pending, check here
D 1. Foreign organizations, check here
NEW YORK, NY 10004 2. Foreign organizations meeting the
16) $
173,313,176. (Part I, column (d) must be on cash basis.)
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here
(cash basis only)
1 Contributions, gifts, grants, etc., received (attach schedule)
2
3
Check
if the foundation is not required to
attach Sch. B
Interest on savings and temporary cash investments
4
Dividends and interest from securities
5 a Gross rents
4,164,227. 4,164,227.
1 0 a Gross sales less returns
and allowances
b Less: Cost of goods sold
c Gross profit or (loss) (attach schedule)
11
12
Other income (attach schedule)
Total. Add lines 1 through 11
389,571.
-10,662,022.
912,091.
5,076,318.
STMT 1
13
14
Compensation of officers, directors, trustees, etc.
Other employee salaries and wages
NONE
Operating and A dministrative Expenses
22
23 STMT 6
Other expenses (attach schedule) 90,954. 90,954.
24 Total operating and administrative expenses.
Add lines 13 through 23 3,069,666. 2,925,551. NONE 678,455.
25
26
Contributions, gifts, grants paid
Total expenses and disbursements. Add lines 24 and 25
18,927,270.
21,996,936. 2,925,551. NONE
22,088,655.
22,767,110.
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -32,658,958.
b Net investment income (if negative, enter -0-) 2,150,767.
c A djusted net income (if negative, enter -0-) -0-
For Privacy A ct and Paperwork Reduction A ct Notice, see page 30 of the instructions. **STMT 5 Form 990-PF (2007)
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7E1410 4.000
and equipment: basis
Less: accumulated depreciation
12
(attach schedule)
Investments - mortgage loans
13
STMT 10
Investments - other (attach schedule) 116,451,600. 89,633,509. 89,633,509.
14 Land, buildings, and
equipment: basis
Less: accumulated depreciation
(attach schedule)
15 Other assets (describe STMT 11 ) 3,420,922. 1,417,466. 1,417,466.
16 Total assets (to be completed by all filers - see the
instructions. Also, see page 1, item I) 287,728,115. 173,313,176. 173,313,176.
17
Accounts payable and accrued expenses 3,093,246. 1,669,956.
18 Grants payable 13,078,731. 9,988,257.
Liabilities
19 Deferred revenue
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
22
Other liabilities (describe STMT 12 ) 2,648,202. 185,588.
23
Total liabilities (add lines 17 through 22) 18,820,179. 11,843,801.
X
Foundations that follow SFA S 117, check here
and complete lines 24 through 26 and lines 30 and 31.
Net A ssets or Fund Balances
27
check here and complete lines 27 through 31.
Capital stock, trust principal, or current funds
28
29
Paid-in or capital surplus, or land, bldg., and equipment fund
Retained earnings, accumulated income, endowment, or other funds
30 Total net assets or fund balances (see page 17 of the
instructions) 268,907,936. 161,469,375.
31 Total liabilities and net assets/fund balances (see page 17
of the instructions) 287,728,115. 173,313,176.
Part III A nalysis of Changes in Net A ssets or Fund Balances
1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with
end-of-year figure reported on prior year's return) 1 268,907,936.
2 Enter amount from Part I, line 27a 2 -32,658,958.
3 Other increases not included in line 2 (itemize)
4 Add lines 1, 2, and 3
3
4 236,248,978.
5 Decreases not included in line 2 (itemize) SEE STATEMENT 13
6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30
5
6
74,779,603.
161,469,375.
JSA **STMT 7 Form 990-PF (2007)
7E1420 2.000
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
(j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or
(i) F.M.V. as of 12/31/69 Losses (from col. (h))
as of 12/31/69 over col. (j), if any
a
b
c
d
e
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 3
Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
Yes X No
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) (d)
(b) (c)
Base period years Distribution ratio
Calendar year (or tax year beginning in) Adjusted qualifying distributions Net value of noncharitable-use assets (col. (b) divided by col. (c))
2006 13,164,041. 290,564,283. 0.045305
2005 16,734,606. 263,396,482. 0.063534
2004 12,052,263. 230,320,343. 0.052328
2003 11,615,158. 192,744,631. 0.060262
2002 16,821,626. 177,211,367. 0.094924
2
3
Total of line 1, column (d)
Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by
2 0.316353
the number of years the foundation has been in existence if less than 5 years 3 0.063271
4
Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4 246,634,084.
6
Enter 1% of net investment income (1% of Part I, line 27b) 6 21,508.
8
Enter qualifying distributions from Part XII, line 4 8 22,767,110.
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.
JSA
7E1430 2.000 Form 990-PF (2007)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 21,508.
X
here and enter 1% of Part I, line 27b
2
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2
3
Add lines 1 and 2 3 21,508.
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 NONE
5
6
Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0-
Credits/Payments:
5 21,508.
380,550.
a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a
b Exempt foreign organizations-tax withheld at source NONE 6b
NONE
c Tax paid with application for extension of time to file (Form 8868) 6c
7
d Backup withholding erroneously withheld
Total credits and payments. Add lines 6a through 6d
6d
7 380,550.
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 10 359,042.
11
Part VII-A Statements Regarding A ctivities
Enter the amount of line 10 to be: Credited to 2008 estimated tax
209,042. Refunded 11 150,000.
1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes No
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 page 19
1a X
2
foundation managers. $ NONE
Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X
If "Yes," attach a detailed description of the activities.
3 Has the 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 3 X
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X
b If "Yes," has it filed a tax return on Form 990-T for this year? 4b X
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
If "Yes," attach the statement required by General Instruction T.
5 X
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? 6 X
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the
7 X
instructions) CA,NY,
b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General
9
(or designate) of each state as required by General Instruction G? If "No," attach explanation
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
8b X
or 4942(j)(5) for calendar year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If
"Yes," complete Part XIV 9 X
10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their
names and addresses 10 X
Form 990-PF (2007)
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7E1440 2.000
11a 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 page 20 of the instructions) 11a X
b If "Yes," did the foundation have a binding written contract in effect on August 17, 2006, covering the interest,
N/A
rents, royalties, and annuities described in the attachment for line 11a? 11b
1 2 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? 12 X
1 3 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X
Website address HTTP://WWW.GS.COM/FOUNDATION
14 The books are in care of
EMMETT ST. JOHN 212-902-4223
Telephone no.
Located at 85 BROAD STREET, 22ND FLOOR NEW YORK, NY 10004
ZIP + 4
N/A
1 5 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041 - Check here
and enter the amount of tax-exempt interest received or accrued during the year 15
Part VII-B Statements Regarding A ctivities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No
1a 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? Yes X No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a
Yes X No
disqualified person?
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? X Yes No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? X Yes No
(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 X No
(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 X No
b If any answer is "Yes" to 1a(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations
1b X
section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
Organizations relying on a current notice regarding disaster assistance check here
c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts, that
2
were not corrected before the first day of the tax year beginning in 2007?
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
1c X
a At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and
6e, Part XIII) for tax year(s) beginning before 2007? Yes X No
If "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 year's undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement - see page 22 of the instructions.)
c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
2b N/A
, , ,
3a Did the foundation hold more than a 2% direct or indirect interest in any business
enterprise at any time during the year?
b If "Yes," did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or
X Yes No
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 2007.) 3b X
4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X
b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable
purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2007? 4b X
Form 990-PF (2007)
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Form 990-PF (2007) Page 6
Part VII-B Statements Regarding A ctivities 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 X 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 X No
(3) Provide a grant to an individual for travel, study, or other similar purposes?
(4) Provide a grant to an organization other than a charitable, etc., organization described in
Yes X No
section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
X Yes No
educational purposes, or for the prevention of cruelty to children or animals? Yes X No
b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)? 5b X
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?
SEE STATEMENT 14
If "Yes," attach the statement required by Regulations section 53.4945-5(d).
X Yes No
6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums
on a personal benefit contract? Yes X No
b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
If you answered "Yes" to 6b, also file Form 8870.
6b X
7 a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
X
b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction?
Yes No
7b N/A
Part VIII Information A bout Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation (see page 23 of the instructions).
(b) Title, and average (c) Compensation (d) Contributions to (e) Expense account,
(a) Name and address hours per week (If not paid, enter employee benefit plans other allowances
devoted to position -0-) and deferred compensation
2 Compensation of five highest-paid employees (other than those included on line 1 - see page 23 of the instructions). If none,
enter "NONE."
(d) Contributions to
(b) Title, and average employee benefit (e) Expense account,
(a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation
plans and deferred other allowances
devoted to position compensation
NONE
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Form 990-PF (2007) Page 7
Part VIII Information A bout Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE."
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Total number of others receiving over $50,000 for professional services 2
Part IX-A Summary of Direct Charitable A ctivities
List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the number
Expenses
of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
1 N/A
1 NONE
3 NONE
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Form 990-PF (2007) Page 8
Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the 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 1a 246,778,951.
b Average of monthly cash balances 1b 3,610,982.
c Fair market value of all other assets (see page 25 of the instructions) 1c NONE
d Total (add lines 1a, b, and c)
e Reduction claimed for blockage or other factors reported on lines 1a and
1d 250,389,933.
1c (attach detailed explanation) 1e
2
Acquisition indebtedness applicable to line 1 assets 2 NONE
3
4
Subtract line 2 from line 1d
Cash deemed held for charitable activities. Enter 1 1/2 % of line 3 (for greater amount, see page 25
3 250,389,933.
3
c
Add lines 2a and 2b
Distributable amount before adjustments. Subtract line 2c from line 1
2c
3
21,508.
12,310,196.
4
Recoveries of amounts treated as qualifying distributions 4 577,411.
5
Add lines 3 and 4 5 12,887,607.
6
7
Deduction from distributable amount (see page 25 of the instructions)
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
6
2
b
Program-related investments - total from Part IX-B
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
1b NONE
3
purposes
Amounts set aside for specific charitable projects that satisfy the:
2 NONE
a
Suitability test (prior IRS approval required) 3a NONE
b
Cash distribution test (attach the required schedule) 3b NONE
4
5
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income.
4 22,767,110.
Enter 1% of Part I, line 27b (see page 26 of the instructions) 5 21,508.
6
A djusted qualifying distributions. Subtract line 5 from line 4 6 22,745,602.
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 (2007)
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Form 990-PF (2007) Page 9
Part XIII Undistributed Income (see page 26 of the instructions)
(a) (b) (c) (d)
1 Distributable amount for 2007 from Part XI, Corpus Years prior to 2006 2006 2007
line 7 12,887,607.
2 Undistributed income, if any, as of the end of 2006:
a Enter amount for 2006 only NONE
b Total for prior years: , , NONE
3 Excess distributions carryover, if any, to 2007:
a From 2002 7,976,128.
b From 2003 1,974,412.
c From 2004 506,845.
d From 2005 3,887,514.
e From 2006
4
f Total of lines 3a through e
Qualifying distributions for 2007 from Part XII,
14,344,899.
line 4: $ 22,767,110.
a Applied to 2006, but not more than line 2a NONE
b Applied to undistributed income of prior years (Election
required - see page 27 of the instructions)
b Prior years' undistributed income. Subtract
line 4b from line 2b NONE
c Enter the amount of prior years' undistributed
income for which a notice of deficiency has been
7
distributed in 2008
4d and 5 from line 1. This amount must be
8
instructions)
170(b)(1)(F) or 4942(g)(3) (see page 27 of the
9
instructions)
applied on line 5 or line 7 (see page 27 of the
Subtract lines 7 and 8 from line 6a
Analysis of line 9:
16,248,274.
1,974,412.
10
a Excess from 2003
b Excess from 2004 3,887,514.
506,845.
c Excess from 2005
d Excess from 2006
e Excess from 2007
9,879,503.
Form 990-PF (2007)
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Form 990-PF (2007) Page 1 0
Part XIV Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) NOT APPLICABLE
1a If the foundation has received a ruling or determination letter that it is a private operating
b
foundation, and the ruling is effective for 2007, enter the date of the ruling
Check box to indicate whether the foundation is a private operating foundation described in section 4942(j)(3) or 4942(j)(5)
Tax year Prior 3 years
2a Enter the lesser of the ad- (e) Total
justed net income from Part (a) 2 007 (b) 2 006 (c) 2 005 (d) 2 004
I or the minimum investment
return from Part X for each
year listed
b 85% of line 2a
c
d
Qualifying distributions from Part
XII, line 4 for each year listed
Amounts included in line 2c not
e
used directly for active conduct
of exempt activities
Qualifying distributions made
directly for active conduct of
3
2d from line 2c
exempt activities. Subtract line
a "Assets" alternative test - enter:
(1) Value of all assets
(2) Value of assets qualifying
b
under section
4942(j)(3)(B)(i)
"Endowment" alternative test-
enter 2/3 of minimum invest-
c
ment return shown in Part X,
line 6 for each year listed
"Support" alternative test - enter:
(1) Total support other than
gross investment income
(interest, dividends, rents,
payments on securities
(2) Support
loans (section 512(a)(5)),
or royalties)
from general
public and 5 or more
exempt organizations as
(3)
provided in section 4942
(j)(3)(B)(iii)
Largest amount of sup-
(4)
port from an exempt
organization
Gross investment income
Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any
time during the year - see page 28 of the instructions.)
1 Information Regarding Foundation Managers:
a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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 or other entity) of which the foundation has a 10% or greater interest.
NONE
SEE STATEMENT 24
c Any submission deadlines:
SEE STATEMENT 25
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 26
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Form 990-PF (2007) Page 1 1
Part XV Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or A pproved for Future Payment
If recipient is an individual,
Recipient show any relationship to
Foundation Purpose of grant or
status of Amount
any foundation manager contribution
Name and address (home or business) or substantial contributor recipient
a Paid during the year
SEE STATEMENT 27
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Form 990-PF (2007) Page 1 2
Part XVI-A A nalysis of Income-Producing A ctivities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
(a) (b) (c) (d) function income
Business code Amount Exclusion code Amount (See page 28 of
1 Program service revenue: the instructions.)
a
b
c
d
e
f
g Fees and contracts from government agencies
2 Membership dues and assessments
3 Interest on savings and temporary cash investments
4 Dividends and interest from securities
5 Net rental income or (loss) from real estate:
14 4,164,227.
the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See
page 29 of the instructions.)
NOT APPLICABLE
(1) Cash . . . . . X
Did the organization directly or indirectly engage in any of the following with any other organization described in section
501 (c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations?
a Transfers from the reporting foundation to a noncharitable exempt organization of:
(a) Line no. (b) Amount involved (e) Nam.e of noneharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
N/A N/A
2 a 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 5217 . . . . . . . . . . . . . . . . . . . . . . . . . DYes GJ No
b If "Yes" com lete the followin schedule.
(a) Name of organization (b) Type of organization (e) Description of relationship
a~ ~
"' ~ c:
,; '" 0
a. Gl
Co II
Gl ICEWAT RHOUSECOOPERS L. L. P.
ii ::
7 BROADWAY
ALBANY NY 12207 Phone no. 518-462-2030
Form 990-PF (2007)
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FORM 990-PF - PA RT IV
CA PITA L GA INS A ND LOSSES FOR TA X ON INVESTMENT INCOME
P
Kind of Property Description or Date Date sold
D acquired
Gross sale Depreciation Cost or FMV Adj. basis Excess of Gain
price less allowed/ other as of as of FMV over or
expenses of sale allowable basis 12/31/69 12/31/69 adj basis (loss)
DETAIL STATEMENT 30
-14450758.
----------
TOTAL GAIN(LOSS) ................................................ -14450758.
==========
JSA
7E1730 1.000
39633U 5364 10/14/2009
10/14/2009 13:29:51
13:29:51 17
FORM 990PF, PART I - OTHER INCOME
=================================
REVENUE
AND NET
EXPENSES INVESTMENT
DESCRIPTION PER BOOKS INCOME
----------- --------- ------
PRIVATE EQUITY LIMITED PATNERSHIPS 365,863. 689,305.
HEDGE FUNDS 1,739. 200,817.
INTEREST FROM PROGRAM RELATED INVESTMENT 21,969. 21,969.
-------------- --------------
TOTALS 389,571. 912,091.
============== ==============
REVENUE
AND NET ADJUSTED
EXPENSES INVESTMENT NET CHARITABLE
DESCRIPTION PER BOOKS INCOME INCOME PURPOSES
----------- --------- ------ ------ --------
LEGAL FEES 159,370. 3,594. 145,342.
-------------- -------------- -------------- --------------
TOTALS 159,370. 3,594. NONE 145,342.
============== ============== ============== ==============
REVENUE
AND NET ADJUSTED
EXPENSES INVESTMENT NET CHARITABLE
DESCRIPTION PER BOOKS INCOME INCOME PURPOSES
----------- --------- ------ ------ --------
ACCOUNTING FEES 214,575. 46,258. 142,660.
-------------- -------------- -------------- --------------
TOTALS 214,575. 46,258. NONE 142,660.
============== ============== ============== ==============
REVENUE
AND NET
EXPENSES INVESTMENT CHARITABLE
DESCRIPTION PER BOOKS INCOME PURPOSES
----------- --------- ------ --------
INVESTMENT MANAGEMENT FEES 2,875,699. 2,875,699.
PROGRAM CONSULTANTS 301,354. 277,354.
-------------- -------------- --------------
TOTALS 3,177,053. 2,875,699. 277,354.
============== ============== ==============
REVENUE
AND
EXPENSES CHARITABLE
DESCRIPTION PER BOOKS PURPOSES
----------- --------- --------
FEDERAL EXCISE TAX -589,905.
STATE FILING FEES 1,665. 1,665.
-------------- --------------
TOTALS -588,240. 1,665.
============== ==============
REVENUE
AND
EXPENSES CHARITABLE
DESCRIPTION PER BOOKS PURPOSES
----------- --------- --------
MEMBERSHIP FEES 71,430. 71,430.
COMMUNICATION EXPENSE 11,500. 11,500.
TECHNOLOGY EXPENSE 7,601. 7,601.
MISCELLANEOUS 423. 423.
-------------- --------------
TOTALS 90,954. 90,954.
============== ==============
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
NON-BASE CURRENCY - -
NON-BASE CURRENCY 5,179 5,179
NON-BASE CURRENCY - BROKER 228,909 228,909
NON-BASE CURRENCY - -
NON-BASE CURRENCY - -
NON-BASE CURRENCY 3,776 3,776
NON-BASE CURRENCY 14 14
NON-BASE CURRENCY 576 576
NON-BASE CURRENCY 14,737 14,737
NON-BASE CURRENCY - -
NON-BASE CURRENCY - -
NON-BASE CURRENCY - -
NON-BASE CURRENCY (1,045) (1,045)
NON-BASE CURRENCY 23,614 23,614
NON-BASE CURRENCY 169 169
IAS DREYFUS INSTL PFD MM 6,365,008 6,365,008 6,365,008
CASH HELD AT CREDIT SUISSE 54,940 54,940 54,940
SWAP COLLATERAL WITH CITIBANK 301,000 301,000 301,000
CASH HELD AT MERRILL LYNCH 202,400 202,400 202,400
IAS DREYFUS INSTL PFD MM 140,597 140,597 140,597
NON-BASE CURRENCY 63,060 63,060
NON-BASE CURRENCY 16,819 16,819
NON-BASE CURRENCY 1 1
NON-BASE CURRENCY 1 1
NON-BASE CURRENCY 16,093 16,093
NON-BASE CURRENCY - -
IAS DREYFUS INSTL PFD MM 177,906 177,906 177,906
IAS DREYFUS INSTL PFD MM 77,816 77,816 77,816
IAS DREYFUS INSTL PFD MM 151,350 151,350 151,350
Total Short-Term Deposits 17,291,404 17,291,404
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
CASH - BROKER (981,635) (981,635)
CASH - BROKER (284,881) (284,881)
CASH - BROKER 6,874 6,874
CASH - BROKER 14,310 14,310
CASH - BROKER 534,331 534,331
SWAP COLLATERAL WITH BARCLAYS (250,444) (250,444) (250,444)
SWAP COLLATERAL WITH DEUTSCHE (548) (548) (548)
Total Maintenance Margin Accounts (961,993) (961,993)
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
ALTRIA GROUP INC 2,583 41,535 41,535
AMAZON.COM INC COM 344 14,689 14,689
AMDOCS LTD COM 351 6,595 6,595
AMERICAN EAGLE OUTFITTERS NEW 1,695 16,272 16,272
AMERICAN EXPRESS CO COM 587 13,683 13,683
AMERICAN PUB ED INC COM 630 24,923 24,923
AMERICAN TOWER CORP 3,765 102,559 102,559
AMERISOURCEBERGEN CORP COM 400 12,540 12,540
AMGEN INC 899 49,930 49,930
ANGLOGOLD ASHANTI LTD ADR NEW 2,000 42,700 42,700
APACHE CORP COM 651 50,322 50,322
APOLLO GROUP INC CL A 67 5,148 5,148
APPLE INC 819 75,897 75,897
ARCHER DANIELS MIDLAND CO COM 258 7,064 7,064
ARENA RES INC 807 21,361 21,361
ARIBA INC 2,391 19,248 19,248
ARROW ELECTRS INC COM 4,100 56,580 56,580
ASAHI GLASS CO Y50 10,200 57,401 57,401
ASATSU-DK INC Y50 4,200 97,233 97,233
ASHLAND INC NEW 924 8,824 8,824
ASTA FDG INC COM 2,600 6,968 6,968
AT & T INC COM 5,161 147,398 147,398
ATHENAHEALTH INC COM 1,008 27,549 27,549
AUTODESK INC COM 596 9,888 9,888
AVATAR HLDGS INC COM 1,100 31,933 31,933
AVID TECHNOLOGY INC COM 2,800 35,056 35,056
AVNET INC COM 4,100 58,384 58,384
AVON PRODS INC COM 1,290 27,219 27,219
AXA ROSENBERG INTL SMALL CAP 272,940 2,714,459 2,714,459
AXSYS TECHNOLOGIES INC COM 642 44,818 44,818
BAKER HUGHES INC COM 81 2,821 2,821
BANCO POPOLARE SOC COOPERATIVA 7,500 68,330 68,330
BANCORPSOUTH INC 466 10,364 10,364
BANK NEW YORK MELLON CORP COM 1,446 43,684 43,684
BANK OF AMERICA CORP 3,228 52,455 52,455
BANK OF CYPRUS PUBLIC CO LTD 20,500 80,639 80,639
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
BANK OF HAWAII CORP 1,100 49,071 49,071
BARRETT BILL CORP 750 16,778 16,778
BIOGEN IDEC INC COM 849 35,921 35,921
BJS WHSL CLUB INC COM 1,163 41,612 41,612
BLACKBOARD INC 651 16,034 16,034
BLACKROCK INC COM 119 14,959 14,959
BOEING CO COM 308 13,130 13,130
BOSTON SCIENTIFIC CORP COM 3,866 23,853 23,853
BOUYGUES EUR1 1,900 77,680 77,680
BOYD GAMING CORP 2,100 9,240 9,240
BP PLC ORD USD.25 18,900 152,763 152,763
BRIT INSURANCE HOLDINGS ORD 37,101 115,709 115,709
BRITISH AMERICAN TOBACCO ORD 3,100 80,770 80,770
BROADCOM CORP CL A COM 809 12,386 12,386
BROADRIDGE FINL SOLUTIONS INC 571 6,509 6,509
BROCADE COMMUNICATIONS SYS INC 1,938 6,240 6,240
BROCADE COMMUNICATIONS SYS INC 14,700 47,334 47,334
BROOKFIELD PPTYS CORP COM 6,117 44,776 44,776
BROOKLINE BANCORP INC DEL 2,000 22,580 22,580
BUNGE LIMITED COM 1,054 44,753 44,753
BW GAS LTD NPV 10,600 25,868 25,868
CA INC COM 8,800 148,192 148,192
CAMPBELL SOUP CO COM 595 19,070 19,070
CANON INC NPV 1,800 53,389 53,389
CAPELLA ED CO COM 170 10,176 10,176
CAPITAL CITY BANK GROUP INC 1,828 53,999 53,999
CAPITAL ONE FINL CORP 344 11,837 11,837
CARDIONET INC COM 1,147 22,802 22,802
CARRIZO OIL & GAS INC COM 726 15,028 15,028
CASEYS GEN STORES INC 900 26,685 26,685
CATALYST HEALTH SOLUTIONS INC 1,426 32,085 32,085
CATALYST PAPER CORP 91,669 27,326 27,326
CATERPILLAR INC 405 16,601 16,601
CBS CORP NEW CL B 2,773 18,468 18,468
CELGENE CORP 149 7,763 7,763
CENTER BANCORP INC 2,198 18,419 18,419
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
CENTRAL PAC FINL CORP 1,393 17,830 17,830
CENTURY ALUM CO COM 750 6,113 6,113
CERNER CORP 395 14,212 14,212
CHEVRON CORPORATION COM 1,419 112,115 112,115
CHINA MOBILE LIMITED ADR 1,500 68,745 68,745
CHUO MITSUI TRUST HLDGS INC 19,900 74,590 74,590
CISCO SYS INC COM 6,278 103,838 103,838
CITIGROUP INC COM 3,148 26,097 26,097
CLEAN HBRS INC 330 20,833 20,833
CME GROUP INC COM 160 33,912 33,912
CNOOC LTD HKD0.02 73,000 58,870 58,870
COCA COLA CO COM 397 18,607 18,607
COHERENT INC COM 2,400 59,736 59,736
COLGATE PALMOLIVE CO 769 50,039 50,039
COMCAST CORP NEW CL A 1,955 33,900 33,900
COMCAST CORP NEW CL A SPL 609 10,213 10,213
COMPANHIA VALE DO RIO DOCE 3,900 46,566 46,566
COMSTOCK RES INC NEW 698 29,267 29,267
CONCEPTUS INC COM 3,498 51,421 51,421
CONCHO RES INC COM 1,199 28,284 28,284
CONCUR TECHNOLOGIES INC 793 21,768 21,768
CONOCOPHILLIPS 1,014 53,255 53,255
CONSTANT CONTACT INC COM 1,029 14,355 14,355
CORINTHIAN COLLEGES INC COM 2,296 36,920 36,920
CORN PRODS INTL INC COM 592 16,221 16,221
COSTCO WHSL CORP NEW COM 1,143 58,830 58,830
CREDIT SAISON CO NPV 9,000 120,195 120,195
CSL ORD NPV 3,400 76,829 76,829
CSR ORD NPV 27,588 24,433 24,433
CYMER INC COM 1,100 25,839 25,839
DAIBIRU CORP Y50 5,100 39,035 39,035
DEERE & CO COM 544 18,937 18,937
DELL INC COM 1,856 20,732 20,732
DENBURY RES INC COM NEW 4,700 44,791 44,791
DEUTSCHE BOERSE AG NPV 1,600 114,140 114,140
DEVON ENERGY CORP NEW COM 175 12,660 12,660
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
DIRECTTV GROUP INC 554 12,194 12,194
DISH NETWORK CORP CL A 537 5,950 5,950
DISNEY WALT CO COM 1,279 28,803 28,803
DOLLAR TREE INC COM 533 22,541 22,541
DOMTAR CORP COM 14,500 20,300 20,300
DOW CHEM CO COM 740 13,727 13,727
DR PEPPER SNAPPLE INC 474 7,650 7,650
DREAMWORKS ANIMATION SKG INC 1,536 35,482 35,482
DRIL-QUIP INC COM 389 7,656 7,656
DTS INC 2,290 37,945 37,945
DUKE ENERGY CORP NEW COM 3,236 50,352 50,352
DUNDEE CORPORATION CL A SUB 4,200 16,919 16,919
DUNDEE PRECIOUS METALS INC 15,150 21,360 21,360
E.ON AG NPV 1,700 59,386 59,386
EASTMAN KODAK CO COM 6,000 45,420 45,420
EATON VANCE CORP NON VTG COM 1,867 35,697 35,697
EBAY INC COM 1,244 16,334 16,334
EDWARDS LIFE SCIENCES CORP COM 269 13,388 13,388
ELEKTA SER B NPV 7,900 83,642 83,642
ELIZABETH ARDEN INC COM 5,200 73,320 73,320
EMERSON ELEC CO COM 2,727 97,872 97,872
ENCORE ACQUISITION CO COM 174 4,601 4,601
EOG RES INC COM 165 14,028 14,028
EQUINIX INC 324 14,713 14,713
ESPRIT HLDGS ORD HKD0.10 21,900 103,140 103,140
EURAZEONCE NPV 1,342 69,051 69,051
EXELON CORP COM 1,373 77,176 77,176
EXPEDITORS INTL WASH INC COM 839 28,048 28,048
EXPRESS SCRIPTS INC COM STK 190 10,927 10,927
EXXON MOBIL CORP 4,044 324,127 324,127
F5 NETWORK INC COM 689 17,156 17,156
FAMILYMART Y50 1,000 40,842 40,842
FBL FINL GROUP INC CL A 1,100 12,507 12,507
FEDERATED INVS INC PA CL B 234 4,645 4,645
FIRST AMERICAN CORP COM 604 14,508 14,508
FIRST CITIZENS BANCSHARES INC 200 28,110 28,110
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
FLUOR CORP NEW COM 208 9,472 9,472
FMC TECHNOLOGIES INC COM 672 18,460 18,460
FOOT LOCKER INC COM 1,085 7,302 7,302
FORTUM OYJ FIM20 500 9,980 9,980
FORTUNE BRANDS INC COM 437 16,519 16,519
FOSSIL INC COM 1,400 21,280 21,280
FTI CONSULTING INC COM 1,709 93,722 93,722
FULTON FINL CORP PA 3,900 43,368 43,368
GARTNER INC COM 1,393 21,396 21,396
GAZPROM ADR REP10 ORD 2,400 41,520 41,520
GEA GROUP AG NPV 8,000 123,337 123,337
GENENTECH INC 181 13,865 13,865
GENERAL CABLE CORP DEL COM NEW 1,750 28,893 28,893
GENERAL DYNAMICS CORP COM 1,211 62,572 62,572
GENERAL ELEC CO COM 6,789 116,567 116,567
GENESSE & WYO INC CL A 776 23,575 23,575
GIBRALTAR INDS INC 4,800 61,920 61,920
GILDAN ACTIVEWEAR INC 2,400 40,606 40,606
GILEAD SCIENCES INC COM 2,510 112,423 112,423
GLAXOSMITHKLINE ORD GBP0.25 1,866 32,069 32,069
GOLDMAN SACHS TR EMERGING MKTS 361,096 4,148,995 4,148,995
GOOGLE INC CL A 242 70,896 70,896
GRAND CANYON ED INC COM 1,061 15,745 15,745
GREIF INC CL A COM 243 8,055 8,055
GRIFFON CORP COM 7,800 62,400 62,400
GUOCO GROUP US$0.50 14,000 85,805 85,805
GUOCOLEISURE LIMITED USD0.20 190,000 36,528 36,528
HALLIBURTON CO COM 2,736 48,154 48,154
HANOVER INS GROUP INC COM 2,900 116,928 116,928
HANSEN NAT CORP 630 18,743 18,743
HEALTH MGMT ASSOC INC NEW CL A 3,800 5,548 5,548
HEARST ARGYLE TELEVISION INC 5,800 46,516 46,516
HERBALIFE LTD USD COM SHS 571 10,152 10,152
HERMAN MILLER INC COM 427 6,281 6,281
HESS CORP 167 9,025 9,025
HEWLETT PACKARD CO COM 2,085 73,559 73,559
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
HEWLETT PACKARD CO COM 4,300 151,704 151,704
HILL ROM HLDGS COM 625 12,838 12,838
HMS HOLDING CORP 333 9,824 9,824
HON HAI PRECISION INDS TWD10 16,800 32,501 32,501
HONDA MOTOR CO NPV 3,300 72,240 72,240
HORMEL FOODS CORP COM 1,216 32,297 32,297
HUDSON CITY BANCORP INC COM 1,311 21,894 21,894
HUNT J B TRANS SVCS INC 1,761 47,565 47,565
HUTCHISON WHAMPOA HK$0.25 17,000 85,327 85,327
HUTCHISON WHAMPOA HK$0.25 36,300 182,199 182,199
IBM CORP COM 415 33,864 33,864
IBM CORP COM 700 57,120 57,120
ICF INTL INC COM 707 13,857 13,857
ICON PUB LTD CO SPONSORED ADR 840 17,800 17,800
IDEXX LABS INC COM 112 3,462 3,462
IHS INC CL A 656 23,806 23,806
IMATION CORP COM 325 4,316 4,316
IMATION CORP COM 2,300 30,544 30,544
IMERYS EUR2 1,357 50,727 50,727
IMMUCOR INC 539 13,082 13,082
IMPERIAL TOBACCO GROUP ORD 10P 7,700 191,171 191,171
INDUSTRIA DE DISENO TEXTIL SA 2,421 80,794 80,794
INGRAM MICRO INC CL A COM 1,152 12,407 12,407
INPEX CORPORATION 13 83,532 83,532
INTEGRA LIFESCIENCES HLDG CORP 134 4,220 4,220
INTEGRAL SYS INC MD 994 23,856 23,856
INTEGRYS ENERGY GROUP INC COM 511 22,576 22,576
INTEL CORP 6,000 82,800 82,800
INTERCONTINENTAL EXCHANGE INC 104 7,654 7,654
INTERNATIONAL GAME TECHNOLOGY 8,100 86,751 86,751
INTERNATIONAL PAPER CO COM 178 2,216 2,216
INTESA SANPAOLO EUR0.52 26,400 79,058 79,058
IPG PHOTONICS CORP 1,401 19,040 19,040
ISHARES TR RUSSELL 2000 GROWTH 1,153 56,266 56,266
ISIS PHARMACEUTICALS 2,272 26,060 26,060
ITC HLDGS CORP 782 32,844 32,844
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
JAPAN TOBACCO INC Y50000 36 132,290 132,290
JERONIMO MARTINS EUR1 18,300 94,973 94,973
JOHNSON & JOHNSON COM 1,709 100,113 100,113
JONES LANG LASALLE INC COM 910 21,685 21,685
JP MORGAN INTERNATIONAL 2,600 75,868 75,868
JPMORGAN CHASE & CO COM 1,783 56,450 56,450
JULIUS BAER HLDGS AG CHF0.05 4,881 159,773 159,773
K&S AG NPV 2,600 117,119 117,119
K12 INC COM 639 11,662 11,662
KENNAMETAL INC COM 2,400 44,880 44,880
KING PHARMACEUTICALS INC COM 1,257 12,080 12,080
KONICA MINOLTA HLDGS INC Y50 7,100 52,330 52,330
KROGER CO COM 1,929 53,356 53,356
L G CORP KRW5000 1,820 51,416 51,416
LANDSTAR SYS INC COM 217 6,974 6,974
LANDSTAR SYS INC COM 997 32,044 32,044
LEUCADIA NATL CORP COM 337 6,588 6,588
LI & FUNG HKD0.025 81,600 149,509 149,509
LILLY ELI & CO COM 3,170 108,256 108,256
LINCOLN ELEC HLDGS INC COM 183 8,361 8,361
LINCOLN ELEC HLDGS INC COM 450 20,561 20,561
LORILLARD INC COM 1,169 70,643 70,643
LOTTOMATICA SPA EUR1 7,900 186,452 186,452
LSI CORP COM 1,517 4,066 4,066
LUKOIL SPONSORED ADR 1,150 36,570 36,570
MANPOWER INC WIS 856 26,947 26,947
MARCUS CORP 3,700 47,693 47,693
MASIMO CORP COM 961 26,226 26,226
MATTSON TECHNOLOGY INC COM 6,400 11,520 11,520
MCDONALDS CORP COM 2,489 146,229 146,229
MCKESSON CORP COM 100 3,494 3,494
MDU RESOURCES GROUP INC 404 8,213 8,213
MEADWESTVACO CORP 700 8,162 8,162
MEDCO HEALTH SOLUTIONS INC 1,143 48,006 48,006
MEDTRONIC INC COM 849 25,911 25,911
MENTOR GRAPHICS CORP COM 993 6,733 6,733
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
MENTOR GRAPHICS CORP COM 4,200 28,476 28,476
MERCK & CO INC COM 2,268 60,601 60,601
METLIFE INC COM 193 5,551 5,551
MGM MIRAGE 4,780 57,264 57,264
MICROSEMI CORP 1,979 38,571 38,571
MICROSOFT CORP COM 4,461 90,201 90,201
MIRANT CORP NEW 794 13,673 13,673
MITSUI FUDOSAN CO Y50 5,000 76,959 76,959
MIZUHO FINL GP NPV 37 96,341 96,341
MONSANTO CO NEW COM 851 67,399 67,399
MONTPELIER RE HOLDINGS LTD CDT 5,329 73,380 73,380
MOODYS CORP COM 1,086 23,577 23,577
MORGAN STANLEY 746 11,004 11,004
MORGANS HOTEL GROUP CO COM 9,503 38,012 38,012
MOSAIC CO 79 2,398 2,398
MOTOROLA INC COM 10,900 46,979 46,979
MPS GROUP INC 914 6,051 6,051
MSCI INC CL A 1,881 29,024 29,024
MUENCHENER RUECKVERSICHERUNGS 595 80,754 80,754
MUENCHENER RUECKVERSICHERUNGS 1,000 135,722 135,722
MURPHY OIL CORP COM 757 33,346 33,346
MYRIAD GENETICS INC 473 28,039 28,039
NATIONAL GRID PLC NEW ORD 7,500 77,854 77,854
NATIONALE A PORTEFEUILLE NPV 2,263 116,297 116,297
NESTLE SA CHF0.1 (REGD) 3,012 108,959 108,959
NETAPP INC COM 1,095 14,783 14,783
NETFLIX COM INC 268 6,159 6,159
NETIA SA PLN1 90,500 75,198 75,198
NETLOGIC MICROSYSTEMS INC 554 10,327 10,327
NEUTRAL TANDEM INC COM 2,437 35,848 35,848
NEW ORIENTAL ED & TECHNOLOGY 864 44,591 44,591
NEWELL RUBBERMAID INC 5,000 66,800 66,800
NEWMONT MINING CORP HOLDING CO 2,072 69,723 69,723
NEXT GROUP ORD GBP0.10 2,200 37,404 37,404
NIKON CORP NPV 3,400 38,410 38,410
NINTENDO CO 400 124,395 124,395
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
NIPPON SHEET GLASS CO Y50 30,000 87,249 87,249
NITORI CO Y50 500 35,697 35,697
NOBEL BIOCARE AG CHF0.40(BR) 7,779 117,967 117,967
NOKIA (AB) OY EUR0.06 9,200 129,463 129,463
NORSKE SKOGSINDUSTRIER NOK10 19,200 46,308 46,308
NORTHERN TR CORP COM 1,600 73,424 73,424
NORTHROP GRUMMAN CORP COM 138 5,651 5,651
NOVELLUS SYS INC 3,400 42,126 42,126
NUVASIVE INC 290 9,991 9,991
NYSE EURONEXT COM 406 9,667 9,667
OAO GAZPROM 1,000 17,300 17,300
OCCIDENTAL PETE CORP COM 1,103 59,716 59,716
OGE ENERGY CORP COM 955 25,298 25,298
OLD REP INTL CORP COM 1,938 19,884 19,884
ONYX PHARMACEUTICALS INC 955 26,836 26,836
ORACLE CORPORATION COM 891 14,336 14,336
OSI PHARMACEUTICALS INC COM 563 20,944 20,944
PACKAGING CORP AMER COM 2,150 32,100 32,100
PANERA BREAD CO CL A COM 194 8,621 8,621
PAPA JOHNS INTL INC COM 830 14,708 14,708
PAREXEL INTL CORP 1,162 9,668 9,668
PARQUE ARAUCO SA NPV 31,454 15,413 15,413
PDL BIOPHARMA INC COM 3,613 34,613 34,613
PENN VA CORP 469 14,084 14,084
PEOPLES UTD FINL INC COM 5,350 102,025 102,025
PEPSIAMERICAS INC COM 731 12,252 12,252
PEPSICO INC COM 667 37,819 37,819
PERRIGO CO COM 1,112 38,264 38,264
PETROLEO BRASILEIRO SA 1,800 37,692 37,692
PETROQUEST ENERGY INC COM 3,100 21,731 21,731
PFIZER INC COM STK USD0.05 5,130 84,286 84,286
PHARMACEUTICAL PROD DEV INC 566 14,908 14,908
PHILADELPHIA CONS HLDG CORP CO 142 8,726 8,726
PHILIP MORRIS INTL INC COM 1,092 46,039 46,039
PIONEER NAT RES CO 558 11,205 11,205
PMC SIERRA INC 3,001 12,034 12,034
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
POWER INTEGRATIONS INC 738 13,505 13,505
PPR EUR4.00 876 41,517 41,517
PRICE T ROWE GROUP INC COM 935 31,986 31,986
PROCTER & GAMBLE CO COM 1,860 119,691 119,691
PROGRESSIVE CORP OHIO COM 578 8,682 8,682
PROVIDENT FINL SVCS INC 1,800 26,982 26,982
PRUDENTIAL FINL INC 498 10,807 10,807
PSYCHIATRIC SOLUTIONS INC 2,876 72,763 72,763
QUALCOMM INC 279 9,366 9,366
QUANTA SVCS INC COM 1,715 27,886 27,886
RAYMOND JAMES FINL INC COM 3,400 74,698 74,698
RAYTHEON CO COM NEW 85 4,148 4,148
RECKITT BENCKISER GROUP PLC 1,100 46,603 46,603
REGIONS FINL CORP 1,269 12,931 12,931
REINSURANCE GROUP AMER INC COM 250 10,150 10,150
REINSURANCE GROUP AMER INC COM 1,850 75,110 75,110
RELIANCE STL & ALUM CO 1,750 36,085 36,085
RELIANT ENERGY INC 5,900 33,866 33,866
RESMED INC 1,092 39,683 39,683
ROCKWOOD HLDGS INC 2,400 21,456 21,456
ROSS STORES INC COM 830 21,995 21,995
ROYAL CARIBBEAN CRUISES LTD 6,200 58,404 58,404
RUDDICK CORP COM 326 8,919 8,919
RWE AG (NEU) NPV 'A' 2,355 197,464 197,464
SALESFORCE COM INC 286 8,185 8,185
SAMPO OYJ SER'A'NPV 1,110 20,536 20,536
SAMSUNG ELECTRONIC GDR REP 1/2 600 100,350 100,350
SAMSUNG ELECTRONICS 100 16,725 16,725
SANOFI-AVENTIS EUR2 1,008 55,575 55,575
SAP AG ORD NPV 2,891 98,221 98,221
SAPIENT CORP 4,434 17,470 17,470
SAPPI LTD SPONS ADR NEW 5,700 30,552 30,552
SATYAM COMPUTER SVCS LTD ADR 4,200 53,466 53,466
SAUER-DANFOSS INC 4,850 39,237 39,237
SBA COMMUNICATIONS CORP COM 1,972 31,138 31,138
SCHERING PLOUGH CORP COM 1,301 21,870 21,870
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
SCHLUMBERGER LTD COM 878 44,550 44,550
SCHNITZER STL INDS INC CL A 172 4,644 4,644
SCIENTIFIC GAMES CORP CL A 3,599 54,021 54,021
SEACOAST BKG CORP FLA 1,800 8,892 8,892
SEAGATE TECHNOLOGY 2,496 10,508 10,508
SEI INVESTMENT CO COM 1,070 16,542 16,542
SEINO HOLDINGS CO LTD 17,000 86,209 86,209
SEPRACOR INC 6,100 71,736 71,736
SIGNATURE BK NEW YORK N Y 1,302 38,800 38,800
SKILLSOFT PUB LTD CO SPON ADR 4,895 29,370 29,370
SMART BALANCE INC COM 2,000 11,700 11,700
SMITH & NEPHEW ORD USD0.20 15,500 114,877 114,877
SMITHFIELD FOODS INC COM 609 4,147 4,147
SMITHFIELD FOODS INC COM 3,250 22,133 22,133
SOHU.COM INC COM 53 2,573 2,573
SOMPO JAPAN INSURANCE INC 9,000 52,160 52,160
SONOCO PRODS CO 359 9,011 9,011
SOUTHWESTERN ENERGY CO (DEL) 599 20,588 20,588
SPRINT NEXTEL CORP COM SER 1 6,417 17,903 17,903
SPRINT NEXTEL CORP COM SER 1 14,200 39,618 39,618
SPRUCEGROVE DEL TST INTL INV 390,166 8,837,310 8,837,310
ST MARY LD & EXPL CO 2,300 46,253 46,253
STADA ARZNEIMITTEL AG ORD NPV 5,000 136,280 136,280
STANCORP FINL GROUP INC COM 1,200 39,972 39,972
STANLEY INC COM 675 21,533 21,533
STARENT NETWORKS CORP COM 224 2,229 2,229
STARWOOD HOTELS & RESORTS COM 1,043 17,585 17,585
STATE BANK OF INDIA GDR EACH 1,300 56,550 56,550
STATE STREET CORP 444 18,697 18,697
STERLING FINL CORP/SPOKANE 2,400 12,768 12,768
STRAYER ED INC 295 70,685 70,685
SUNOCO INC COM 336 13,353 13,353
SUNTRUST BKS INC 695 22,052 22,052
SYBASE INC COM 2,406 59,284 59,284
SYKES ENTERPRISES INC COM 1,233 22,872 22,872
SYMANTEC CORP COM 335 4,030 4,030
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
SYMANTEC CORP COM 6,422 77,257 77,257
SYNOVUS FINL CORP 720 5,990 5,990
TAIWAN SEMICONDUCTOR MFG CO 9,300 66,495 66,495
TEAM INC 716 20,206 20,206
TECH DATA CORP COM 600 10,464 10,464
TELEDYNE TECHNOLOGIES INC COM 688 27,947 27,947
TELEFONICA SA EUR1 8,200 165,231 165,231
TEMPLE INLAND INC COM 6,400 20,224 20,224
TENON LTD 69,050 20,814 20,814
TERADATA CORP DEL COM 408 5,479 5,479
TESORO CORP 1,646 15,127 15,127
TESSERA TECHNOLOGIES INC 258 4,742 4,742
TEXAS INSTRS INC COM 630 9,809 9,809
3M CO 89 5,957 5,957
TF FINL CORP 1,500 29,993 29,993
TIBCO SOFTWARE INC COM 6,800 32,912 32,912
TIME WARNER INC 9,080 82,174 82,174
TJX COS INC NEW COM 246 5,614 5,614
TOKIO MARINE HOLDINGS INC NPV 1,200 29,167 29,167
TORO CO 258 7,338 7,338
TOTAL SYS SVCS INC 493 7,035 7,035
TOWER GROUP INC 4,450 101,505 101,505
TOYOTA MOTOR CORP NPV 7,000 220,484 220,484
TRACTOR SUPPLY CO 491 18,845 18,845
TRAVELERS COS INC COM 597 26,059 26,059
TYCO INTERNATIONAL LTD BERMUDA 1,223 25,561 25,561
TYSON FOODS INC CL A 2,540 17,043 17,043
ULTRA PETE CORP 108 4,388 4,388
UNION PAC CORP COM 265 13,261 13,261
UNITED MICRO ELECTRONICS TW$10 252,900 61,537 61,537
UNITED PARCEL SVC INC CL B 376 21,658 21,658
UNITEDHEALTH GROUP INC COM 644 13,530 13,530
UNIVERSAL CORP VA 226 7,225 7,225
UNIVERSAL HEALTH SVCS INC CL B 700 26,005 26,005
UNUM GROUP 5,100 75,990 75,990
US BANCORP DEL COM NEW 1,049 28,302 28,302
STATEMENT 8A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
UST INC COM 62 4,263 4,263
VALERO ENERGY CORP COM NEW 2,814 51,637 51,637
VARIAN MED SYS INC COM 466 18,808 18,808
VECTREN CORP COM 624 17,572 17,572
VERISIGN INC COM 492 10,622 10,622
VERIZON COMMUNICATIONS COM 2,521 82,311 82,311
VIRGIN MEDIA INC 1,253 5,927 5,927
VITERRA INC 2,849 17,674 17,674
VITERRA INC 7,691 47,712 47,712
VMWARE INC CL A COM 298 5,766 5,766
VOCUS INC COM 1,178 21,404 21,404
VODAFONE GROUP 93,000 181,519 181,519
VOLCANO CORP COM 2,227 36,345 36,345
WABTEC COM 1,182 45,613 45,613
WAL MART STORES INC COM 548 30,622 30,622
WASTE CONNECTIONS INC COM 759 21,427 21,427
WAUSU PAPER CORP 9,100 93,639 93,639
WBL CORPORATION LTD STK SG$1 47,000 93,473 93,473
WELLS FARGO & CO NEW COM 2,890 83,492 83,492
WERNER ENTERPRISES INC COM 2,423 42,112 42,112
WESCO INTL INC COM 1,950 28,841 28,841
WESTERN DIGITAL CORP DEL COM 548 6,686 6,686
WHOLE FOODS MKT INC 492 5,205 5,205
WILEY JOHN & SONS INC CL A 2,000 71,920 71,920
WINDSTREAM CORP COM 3,959 35,077 35,077
WMS INDS INC COM 1,413 34,830 34,830
WRIGHT MED GROUP INC COM 1,452 24,626 24,626
WYETH COM 1,635 58,876 58,876
YAHOO INC 367 4,224 4,224
YAMADA DENKI CO NPV 1,100 57,168 57,168
YARA INTL NOK1.70 3,300 54,277 54,277
YRC WORLDWIDE INC 1,107 4,406 4,406
YUANTA FINANCIAL HLDG CO LTD 232,000 88,510 88,510
YUM BRANDS INC 1,405 37,851 37,851
FRESENIUS SE NON VTG PRF NPV 3,200 177,078 177,078
HENKEL AG & CO KGAA NON VTG 4,200 118,312 118,312
Total Equity Securities 36,416,666 36,416,666
STATEMENT 8A
Line 10b Investments - corporate stock $ 52,746,077 $ 52,746,077
STATEMENT 8A
FORM 990PF, PART II - CORPORATE BONDS
=====================================
STATEMENT 9A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
GOLDMAN SACHS TR HIGH YIELD FD 1,071,149 5,227,209 5,227,209
GOLDMAN SACHS TR EMERGING MKTS 433,074 3,594,513 3,594,513
STATEMENT 9A
FORM 990PF, PART II - OTHER INVESTMENTS
=======================================
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
ACADIA RLTY TR COM 10105 $ 141,268 $ 141,268
ALEXANDRIA REAL ESTATE 2407 106,582 106,582
AMB PPTYS CORP COM 216 3,720 3,720
AMB PPTYS CORP COM 6799 117,079 117,079
AMERICAN CAMPUS CMNTYS INC 10268 229,901 229,901
APARTMENT INVT & MGMT CO CL A 8374.704 96,058 96,058
AVALONBAY CMNTYS INC COM 600 36,402 36,402
AVALONBAY CMNTYS INC COM 4304 261,124 261,124
BOSTON PPTYS INC COM 7089 378,553 378,553
BRE PPTYS INC CL A 1150 33,764 33,764
CAMDEN PPTY TR SHS BEN INT 1241 32,849 32,849
DCT INDL TR INC COM 3910 17,517 17,517
DIGITAL RLTY TR INC 5312 145,336 145,336
DOUGLAS EMMETT INC COM 11246 114,709 114,709
DUKE REALTY CORPORATION 4920 40,393 40,393
EQUITY RESIDENTIAL SH 9666 294,136 294,136
ESSEX PPTY TR 29 2,508 2,508
ESSEX PPTY TR 2492 215,483 215,483
EXTRA SPACE STORAGE INC 8430 74,606 74,606
FEDERAL RLTY INVT TR SHS BEN 4546 262,941 262,941
GRAMERCY CAP CORP 182 207 207
HCP INC COM 10543 217,924 217,924
HEALTH CARE REIT INC COM 5989 227,582 227,582
HOME PROPERITIES INC 3931 153,309 153,309
HOST HOTELS & RESORTS INC 16282 122,441 122,441
KILROY RLTY CORP COM 163 4,967 4,967
KIMCO RLTY CORP COM 8476 119,935 119,935
MACERICH CO COM 490 6,595 6,595
MACERICH CO COM 3044 40,972 40,972
NATIONWIDE HEALTH PPTYS INC 1016 22,992 22,992
NATIONWIDE HEALTH PPTYS INC 3595 81,355 81,355
PROLOGIS INT 23228 88,963 88,963
PUBLIC STORAGE COM 5080 355,041 355,041
REGENCY CTRS CORP COM 4584 163,236 163,236
SIMON PPTY GROUP INC NEW COM 438 20,805 20,805
SIMON PPTY GROUP INC NEW COM 8917 423,558 423,558
SL GREEN REALTY CORP 6656 126,198 126,198
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
SUNSTONE HOTEL INVS INC NEW 12646 60,321 60,321
TANGER FACTORY OUTLET CTR INC 1520 55,693 55,693
TAUBMAN CENTERS INC 6380 152,099 152,099
VENTAS INC 12686 291,524 291,524
VORNADO RLTY TR COM 9154 489,281 489,281
Total Real Estate Investment Trusts 5,829,926 5,829,926
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
S & P 500 EMINI INDEX FUT(CME) -6 28,071 28,071
RUSSELL 2000 MINI INDX FUT NYF 6 (99,090) (99,090)
SPI 200 INDEX FUTURE (SFE) 8 (45,356) (45,356)
FTSE 100 INDEX FUTURE (LIF) 27 84,464 84,464
DAX INDEX FUTURE (EUX) 5 (6,709) (6,709)
IBEX 35 INDEX FUTURE (MFM) 3 19,715 19,715
CAC 40 EURO INDEX FUTURE (MNP) 21 4,035 4,035
S & P/MIB INDEX FUTURE (MIL) 2 (13,501) (13,501)
HANG SENG INDEX FUTURE (HKG) 2 12,101 12,101
TOPIX INDEX FUTURE (TSE) 23 (67,195) (67,195)
OMXS30 INDEX FUT (SSE) 20 2,704 2,704
US TREAS BD FUTURE (CBT) -13 (10,563) (10,563)
10YR SWAP NOTE FUTURE (CBT) -23 (264,875) (264,875)
US 10 YR TREAS NTS FUTURE (CBT 5 11,141 11,141
90DAY EURODOLLAR FUTURE (CME) -11 (38,538) (38,538)
90DAY EURODOLLAR FUTURE (CME) -11 (35,588) (35,588)
90DAY EURODOLLAR FUTURE (CME) -11 (22,538) (22,538)
90DAY EURODOLLAR FUTURE (CME) -11 (40,938) (40,938)
90DAY EURODOLLAR FUTURE (CME) -11 (47,900) (47,900)
90DAY EURODOLLAR FUTURE (CME) -11 (26,713) (26,713)
90DAY EURODOLLAR FUTURE (CME) -11 (41,213) (41,213)
90DAY EURODOLLAR FUTURE (CME) -11 (38,038) (38,038)
90DAY EURODOLLAR FUTURE (CME) -11 (30,925) (30,925)
90DAY EURODOLLAR FUTURE (CME) -11 (38,650) (38,650)
90DAY EURODOLLAR FUTURE (CME) -11 (15,425) (15,425)
90DAY EURODOLLAR FUTURE CME -11 (34,188) (34,188)
US 5YR TREAS NTS FUTURE (CBT) -11 (11,430) (11,430)
US 2YR TREAS NTS FUT (CBT) -3 (2,344) (2,344)
MIDCAP 400 INDEX FUTURE (CME) -4 561,400 561,400
RUSSELL 1000 MINI FUTURE (NYF) 405 753,300 753,300
RUSSELL 2000 MINI INDX FUT NYF -263 1,074,770 1,074,770
UK LONG GILT FUTURE (LIF) 7 12,859 12,859
EURO-BOBL FUTURE (EUX) 20 61,986 61,986
EURO BUXL 30 YR BOND FUT (EUX) 8 78,900 78,900
US TREAS BD FUTURE (CBT) 1 1,563 1,563
US 10 YR TREAS NTS FUTURE (CBT 5 18,398 18,398
US 5YR TREAS NTS FUTURE (CBT) 31 51,586 51,586
Total Variable Margin Futures Receivable 1,913,080 1,913,080
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
FFX CONTRACTS RECEIVABLE $ 2,407,393 $ 2,407,393
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,342,328) (2,342,328)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (10,357,313) (10,357,313)
FFX CONTRACTS RECEIVABLE 11,028,620 11,028,620
FFX CONTRACTS RECEIVABLE 2,094,393 2,094,393
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,094,393) (2,094,393)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,695,640) (2,695,640)
FFX CONTRACTS RECEIVABLE 2,219,939 2,219,939
FFX CONTRACTS RECEIVABLE 3,939,662 3,939,662
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (3,545,696) (3,545,696)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (21,446,581) (21,446,581)
FFX CONTRACTS RECEIVABLE 21,337,160 21,337,160
FFX CONTRACTS RECEIVABLE 7,412,768 7,412,768
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (7,127,662) (7,127,662)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (397,824) (397,824)
FFX CONTRACTS RECEIVABLE 1,060,865 1,060,865
FFX CONTRACTS RECEIVABLE 493,756 493,756
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (740,633) (740,633)
FFX CONTRACTS RECEIVABLE 3,604,977 3,604,977
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (4,016,974) (4,016,974)
FFX CONTRACTS RECEIVABLE 64,848,174 64,848,174
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (66,027,166) (66,027,166)
FFX CONTRACTS RECEIVABLE 343,720 343,720
FFX CONTRACTS RECEIVABLE 1,074,615 1,074,615
FFX CONTRACTS RECEIVABLE 1,762,963 1,762,963
FFX CONTRACTS RECEIVABLE 1,329,335 1,329,335
FFX CONTRACTS RECEIVABLE 188,834 188,834
FFX CONTRACTS RECEIVABLE 471,430 471,430
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (5,265,518) (5,265,518)
FFX CONTRACTS RECEIVABLE 5,639,768 5,639,768
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (5,347,238) (5,347,238)
FFX CONTRACTS RECEIVABLE 157,995 157,995
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (420,519) (420,519)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (7,720,383) (7,720,383)
FFX CONTRACTS RECEIVABLE 7,141,120 7,141,120
FFX CONTRACTS RECEIVABLE 3,988,535 3,988,535
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (3,503,897) (3,503,897)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (389,667) (389,667)
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
FFX CONTRACTS RECEIVABLE 528,219 528,219
FFX CONTRACTS RECEIVABLE 3,085,097 3,085,097
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (3,085,097) (3,085,097)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (107,189) (107,189)
FFX CONTRACTS RECEIVABLE 206,043 206,043
FFX CONTRACTS RECEIVABLE 1,755,593 1,755,593
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,001,693) (2,001,693)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (499,816) (499,816)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (23,151,994) (23,151,994)
FFX CONTRACTS RECEIVABLE 24,046,473 24,046,473
FFX CONTRACTS RECEIVABLE 1,497,725 1,497,725
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,201,947) (2,201,947)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (298,023) (298,023)
FFX CONTRACTS RECEIVABLE 172,789 172,789
FFX CONTRACTS RECEIVABLE 330,769 330,769
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (330,769) (330,769)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (197,109) (197,109)
FFX CONTRACTS RECEIVABLE 85,510 85,510
FFX CONTRACTS RECEIVABLE 12,243,272 12,243,272
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (12,402,992) (12,402,992)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (1,132,475) (1,132,475)
FFX CONTRACTS RECEIVABLE 671,218 671,218
FFX CONTRACTS RECEIVABLE 2,333,714 2,333,714
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,345,622) (2,345,622)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (415,157) (415,157)
FFX CONTRACTS RECEIVABLE 415,157 415,157
FFX CONTRACTS RECEIVABLE 2,703,624 2,703,624
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,988,891) (2,988,891)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,260,696) (2,260,696)
FFX CONTRACTS RECEIVABLE 2,260,696 2,260,696
FFX CONTRACTS RECEIVABLE 1,537,949 1,537,949
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (1,750,364) (1,750,364)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (200,889) (200,889)
FFX CONTRACTS RECEIVABLE 200,889 200,889
FFX CONTRACTS RECEIVABLE 2,037,953 2,037,953
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,447,177) (2,447,177)
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,333,217) (2,333,217)
FFX CONTRACTS RECEIVABLE 1,936,409 1,936,409
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
FFX CONTRACTS RECEIVABLE 762,776 762,776
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (1,187,674) (1,187,674)
FFX CONTRACTS RECEIVABLE 996,744 996,744
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (1,102,704) (1,102,704)
FFX CONTRACTS RECEIVABLE 1,336,486 1,336,486
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (1,328,220) (1,328,220)
FFX CONTRACTS RECEIVABLE 4,732,377 4,732,377
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (4,112,672) (4,112,672)
FFX CONTRACTS RECEIVABLE 58,324,879 58,324,879
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (55,733,832) (55,733,832)
FFX CONTRACTS RECEIVABLE 2,508 2,508
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (14,376) (14,376)
FFX CONTRACTS RECEIVABLE 14,335 14,335
PAYABLE FOR FORWARD FOREIGN EXCHANGE CONTRACTS (2,519) (2,519)
Total Forward Foreign Exchange Contracts Payable (307,321) (307,321)
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS_R BBSW6M P 7.500% 420000 272,828 272,828
IRS R BBSW6M P 7.500% -610000 (443,999) (443,999)
IRS_R BBSW6M P 7.500% 610000 396,250 396,250
IRS R BBSW6M P 7.500% -930000 (676,917) (676,917)
IRS_R BBSW6M P 7.500% 930000 604,119 604,119
IRS R BBSW6M P 7.250% -710000 (539,259) (539,259)
IRS_R BBSW6M P 7.250% 710000 461,209 461,209
IRS R BBSW6M P 7.250% -510000 (387,355) (387,355)
IRS_R BBSW6M P 7.250% 510000 331,291 331,291
IRS R BBSW6M P 7.250% -510000 (387,355) (387,355)
IRS_R BBSW6M P 7.250% 510000 331,291 331,291
IRS R BBSW6M P 7.250% -260000 (197,475) (197,475)
IRS_R BBSW6M P 7.250% 260000 168,893 168,893
IRS R BBSW6M P 7.250% -540000 (410,140) (410,140)
IRS_R BBSW6M P 7.250% 540000 350,779 350,779
IRS P BBSW6M R 7.500% -1040000 (675,574) (675,574)
IRS_P BBSW6M R 7.500% 1040000 756,983 756,983
IRS P BBSW6M R 7.500% -990000 (643,094) (643,094)
IRS_P BBSW6M R 7.500% 990000 720,589 720,589
IRS P BBSW6M R 7.500% -930000 (604,119) (604,119)
IRS_P BBSW6M R 7.500% 930000 676,917 676,917
IRS R BP0006M P 5.250% -110000 (185,309) (185,309)
IRS_R BP0006M P 5.250% 110000 167,901 167,901
IRS P BP0006M R 5.250% -130000 (198,428) (198,428)
IRS_P BP0006M R 5.250% 130000 213,333 213,333
IRS P BP0006M R 5.250% -240000 (366,329) (366,329)
IRS_P BP0006M R 5.250% 240000 393,845 393,845
IRS R BP0006M R 5.250% -190000 (320,080) (320,080)
IRS_R BP0006M R 5.250% 190000 290,011 290,011
IRS R BP0006M P 5.250% -200000 (336,926) (336,926)
IRS_R BP0006M P 5.250% 200000 305,275 305,275
IRS P BP0006M R 5.250% -230000 (351,067) (351,067)
IRS_P BP0006M R 5.250% 230000 387,465 387,465
IRS P BP0006M R 5.250% -30000 (45,791) (45,791)
IRS_P BP0006M R 5.250% 30000 50,539 50,539
IRS P BP0006M R 5.250% -240000 (366,330) (366,330)
IRS_P BP0006M R 5.250% 240000 404,311 404,311
IRS R BP0006M P 5.250% -130000 (213,333) (213,333)
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS_R BP0006M P 5.250% 130000 198,428 198,428
IRS R BP0006M P 5.250% -240000 (393,845) (393,845)
IRS_R BP0006M P 5.250% 240000 366,329 366,329
IRS P BP0006M R 3.420% -710000 (1,073,555) (1,073,555)
IRS_P BP0006M R 3.420% 710000 1,083,507 1,083,507
IRS R BP0006M P 4.429% -170000 (265,825) (265,825)
IRS_R BP0006M P 4.429% 170000 257,050 257,050
IRS R CDOR03 P 4.000% -100000 (86,921) (86,921)
IRS_R CDOR03 P 4.000% 100000 80,477 80,477
IRS R CDOR03 P 4.000% -420000 (365,066) (365,066)
IRS_R CDOR03 P 4.000% 420000 338,002 338,002
IRS R CD0006M P 4.000% -1250000 (1,086,507) (1,086,507)
IRS_R CD0006M P 4.000% 1250000 1,005,960 1,005,960
IRS P CDOR03 R 4.000% -780000 (627,719) (627,719)
IRS_P CDOR03 R 4.000% 780000 677,980 677,980
IRS P CD0006M R 4.000% -1010000 (812,815) (812,815)
IRS_P CD0006M R 4.000% 1010000 877,898 877,898
IRS P CDOR03 R 4.000% -1100000 (885,244) (885,244)
IRS_P CDOR03 R 4.000% 1100000 956,126 956,126
IRS R CDOR03 P 4.000% -530000 (460,679) (460,679)
IRS_R CDOR03 P 4.000% 530000 426,527 426,527
IRS R CDOR03 P 4.000% -590000 (512,831) (512,831)
IRS_R CDOR03 P 4.000% 590000 474,813 474,813
IRS P EUR006M R 4.500% -1600000 (2,022,947) (2,022,947)
IRS_P EUR006M R 4.500% 1600000 2,078,438 2,078,438
IRS P EUR006M R 4.500% -1600000 (2,022,947) (2,022,947)
IRS_P EUR006M R 4.500% 1600000 2,078,438 2,078,438
IRS P EUR006M R 4.500% -560000 (708,031) (708,031)
IRS_P EUR006M R 4.500% 560000 727,453 727,453
IRS P EUR006M R 4.750% -750000 (948,263) (948,263)
IRS_P EUR006M R 4.750% 750000 1,011,950 1,011,950
IRS P EUR006M R 5.000% -630000 (796,539) (796,539)
IRS_P EUR006M R 5.000% 630000 988,070 988,070
IRS P EUR006M R 4.500% -200000 (252,869) (252,869)
IRS_P EUR006M R 4.500% 200000 264,981 264,981
IRS P EUR006M R 4.500% -420000 (531,026) (531,026)
IRS_P EUR006M R 4.500% 420000 556,461 556,461
IRS P EUR006M R 4.500% -800000 (1,011,478) (1,011,478)
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS_P EUR006M R 4.500% 800000 1,059,925 1,059,925
IRS R EUR006M P 5.000% -630000 (988,070) (988,070)
IRS_R EUR006M P 5.000% 630000 796,539 796,539
IRS R EUR006M P 4.750% -90000 (121,434) (121,434)
IRS_R EUR006M P 4.750% 90000 113,792 113,792
IRS R EUR006M P 4.750% -80000 (107,941) (107,941)
IRS_R EUR006M P 4.750% 80000 101,148 101,148
IRS R EUR006M P 4.750% -170000 (229,375) (229,375)
IRS_R EUR006M P 4.750% 170000 214,940 214,940
IRS R EUR006M P 4.750% -170000 (229,375) (229,375)
IRS_R EUR006M P 4.750% 170000 214,940 214,940
IRS R EUR006M P 4.750% -90000 (121,434) (121,434)
IRS_R EUR006M P 4.750% 90000 113,792 113,792
IRS R EUR006M P 4.750% -10000 (13,493) (13,493)
IRS_R EUR006M P 4.750% 10000 12,644 12,644
IRS R EUR006M P 4.750% -20000 (26,985) (26,985)
IRS_R EUR006M P 4.750% 20000 25,287 25,287
IRS R EUR006M P 4.750% -20000 (26,985) (26,985)
IRS_R EUR006M P 4.750% 20000 25,287 25,287
IRS R EUR006M P 4.500% -360000 (467,649) (467,649)
IRS_R EUR006M P 4.500% 360000 455,163 455,163
IRS R JY0006M P 1.500% -17000000 (181,617) (181,617)
IRS_R JY0006M P 1.500% 17000000 178,397 178,397
IRS R JY0006M P 1.500% -18000000 (192,300) (192,300)
IRS_R JY0006M P 1.500% 18000000 188,891 188,891
IRS R JY0006M P 1.500% -18000000 (192,300) (192,300)
IRS_R JY0006M P 1.500% 18000000 188,891 188,891
IRS R JY0006M P 1.500% -157000000 (1,677,282) (1,677,282)
IRS_R JY0006M P 1.500% 157000000 1,647,548 1,647,548
IRS R JY0006M R 1.500% -33000000 (352,550) (352,550)
IRS_R JY0006M R 1.500% 33000000 346,300 346,300
IRS R JY0006M P 1.500% -98000000 (1,046,966) (1,046,966)
IRS_R JY0006M P 1.500% 98000000 1,028,406 1,028,406
IRS R JY0006M P 1.500% -65000000 (694,416) (694,416)
IRS_R JY0006M P 1.500% 65000000 682,106 682,106
IRS P JY0006M R 1.500% -76000000 (797,539) (797,539)
IRS_P JY0006M R 1.500% 76000000 811,933 811,933
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS P JY0006M R 1.500% -20000000 (209,879) (209,879)
IRS_P JY0006M R 1.500% 20000000 213,667 213,667
IRS P JY0006M R 1.500% -35000000 (367,288) (367,288)
IRS_P JY0006M R 1.500% 35000000 373,916 373,916
IRS P JY0006M R 1.500% -52000000 (545,685) (545,685)
IRS_P JY0006M R 1.500% 52000000 555,533 555,533
IRS P JY0006M R 1.500% -76000000 (797,539) (797,539)
IRS_P JY0006M R 1.500% 76000000 811,933 811,933
IRS P JY0006M R 1.500% -61000000 (640,130) (640,130)
IRS_P JY0006M R 1.500% 61000000 651,683 651,683
IRS P JY0006M R 1.500% -26000000 (272,842) (272,842)
IRS_P JY0006M R 1.500% 26000000 277,766 277,766
IRS P JY0006M R 1.500% -26000000 (272,842) (272,842)
IRS_P JY0006M R 1.500% 26000000 277,766 277,766
IRS R JY0006M P 1.500% -402000000 (4,294,697) (4,294,697)
IRS_R JY0006M P 1.500% 402000000 4,218,563 4,218,563
IRS R JY0006M P 1.500% -68000000 (726,466) (726,466)
IRS_R JY0006M P 1.500% 68000000 713,588 713,588
IRS R JY0006M P 1.500% -58000000 (619,633) (619,633)
IRS_R JY0006M P 1.500% 58000000 608,648 608,648
IRS R SF0003M P 4.750% -3680000 (484,025) (484,025)
IRS_R SF0003M P 4.750% 3680000 452,807 452,807
IRS R SF0003M P 5.000% -13300000 (1,858,790) (1,858,790)
IRS_R SF0003M P 5.000% 13300000 1,636,503 1,636,503
IRS P STIB3M R 5.000% -1100000 (135,350) (135,350)
IRS_P STIB3M R 5.000% 1100000 153,735 153,735
IRS R STIB3M P 5.000% -3400000 (475,179) (475,179)
IRS_R STIB3M P 5.000% 3400000 418,354 418,354
IRS P STIB3M R 4.750% -1380000 (169,802) (169,802)
IRS_P STIB3M R 4.750% 1380000 181,509 181,509
IRS P STIB3M R 4.750% -2300000 (283,004) (283,004)
IRS_P STIB3M R 4.750% 2300000 302,516 302,516
IRS R STIB3M P 5.000% -1230000 (171,903) (171,903)
IRS_R STIB3M P 5.000% 1230000 151,346 151,346
IRS P STIB3M R 5.000% -850000 (104,589) (104,589)
IRS_P STIB3M R 5.000% 850000 118,795 118,795
IRS P STIB3M R 5.000% -820000 (100,897) (100,897)
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS_P STIB3M R 5.000% 820000 114,602 114,602
IRS P STIB3M R 5.000% -1640000 (201,794) (201,794)
IRS_P STIB3M R 5.000% 1640000 229,204 229,204
IRS P STIB3M R 5.000% -1650000 (203,025) (203,025)
IRS_P STIB3M R 5.000% 1650000 230,602 230,602
IRS P STIB3M R 5.000% -860000 (105,819) (105,819)
IRS_P STIB3M R 5.000% 860000 120,192 120,192
IRS P STIB3M R 5.000% -9510000 (1,170,161) (1,170,161)
IRS_P STIB3M R 5.000% 9510000 1,329,105 1,329,105
IRS P STIB3M R 5.000% -120000 (14,765) (14,765)
IRS_P STIB3M R 5.000% 120000 16,771 16,771
IRS P STIB3M R 5.000% -250000 (30,761) (30,761)
IRS_P STIB3M R 5.000% 250000 34,940 34,940
IRS P STIB3M R 5.000% -230000 (28,300) (28,300)
IRS_P STIB3M R 5.000% 230000 32,144 32,144
IRS P US0003M R 5.6% -270000 (200,081) (200,081)
IRS_P US0003M R 5.6% 270000 243,027 243,027
IRS R US0003M P 5.60% -900000 (810,090) (810,090)
IRS_R US0003M P 5.60% 900000 666,938 666,938
IRS R US0003M P 5.000% -600000 (823,319) (823,319)
IRS_R US0003M P 5.000% 600000 599,168 599,168
IRS P US0003M R 4.250% -1500000 (1,497,915) (1,497,915)
IRS_P US0003M R 4.250% 1500000 1,600,120 1,600,120
IRS R US0003M P 5.000% -200000 (256,072) (256,072)
IRS_R US0003M P 5.000% 200000 199,722 199,722
IRS P US0003M R 4.250% -1470000 (1,467,957) (1,467,957)
IRS_P US0003M R 4.250% 1470000 1,568,118 1,568,118
IRS R US0003M P 5.000% -270000 (345,697) (345,697)
IRS_R US0003M P 5.000% 270000 269,625 269,625
IRS R US0003M P 5.000% -110000 (140,840) (140,840)
IRS_R US0003M P 5.000% 110000 109,847 109,847
IRS P US0003M R 4.250% -700000 (699,027) (699,027)
IRS_P US0003M R 4.250% 700000 746,723 746,723
IRS R US0003M P 5.000% -140000 (179,251) (179,251)
IRS_R US0003M P 5.000% 140000 139,806 139,806
IRS R US0003M P 5.600% -1000000 (900,099) (900,099)
IRS_R US0003M P 5.600% 1000000 741,043 741,043
STATEMENT 10A
Description Shares/Principal Amount Ending Book Value Ending Fair Market
11/30/08 Value 11/30/2008
IRS P US0003M R 4.250% -170000 (169,764) (169,764)
IRS_P US0003M R 4.250% 170000 181,347 181,347
IRS R US0003M P 5.600% -170000 (153,017) (153,017)
IRS_R US0003M P 5.600% 170000 125,977 125,977
IRS R US0003M P 5.000% -20000 (25,607) (25,607)
IRS_R US0003M P 5.000% 20000 19,972 19,972
IRS R US0003M P 5.600% -840000 (756,084) (756,084)
IRS_R US0003M P 5.600% 840000 622,476 622,476
IRS P US0003M R 4.250% -800000 (798,888) (798,888)
IRS_P US0003M R 4.250% 800000 853,397 853,397
IRS R US0003M P 4.250% -830000 (885,400) (885,400)
IRS_R US0003M P 4.250% 830000 828,847 828,847
IRS R US0003M P 4.250% -260000 (277,354) (277,354)
IRS_R US0003M P 4.250% 260000 259,639 259,639
IRS R US0003M P 4.250% -670000 (714,720) (714,720)
IRS_R US0003M P 4.250% 670000 669,069 669,069
IRS R US0003M P 4.250% -740000 (789,393) (789,393)
IRS_R US0003M P 4.250% 740000 738,972 738,972
IRS P US0003M R 4.423% -2590000 (2,485,137) (2,485,137)
IRS_P US0003M R 4.423% 2590000 2,600,902 2,600,902
IRS R US0003M P 4.530% -1590000 (1,669,903) (1,669,903)
IRS_R US0003M P 4.530% 1590000 1,525,626 1,525,626
IRS R US0003M P 4.250% -310000 (330,691) (330,691)
IRS_R US0003M P 4.250% 310000 309,569 309,569
IRS R US0003M P 3.8425% -1030000 (1,024,516) (1,024,516)
IRS_R US0003M P 3.8425% 1030000 988,299 988,299
IRS P US0003M R 3.89175% -1710000 (1,640,766) (1,640,766)
IRS_P US0003M R 3.89175% 1710000 1,677,287 1,677,287
IRS R US0003M P 4.250% -150000 (160,012) (160,012)
IRS_R US0003M P 4.250% 150000 149,792 149,792
IRS R US0003M P 4.250% -1680000 (1,792,134) (1,792,134)
IRS_R US0003M P 4.250% 1680000 1,677,665 1,677,665
IRS P US0003M R 3.250% -1600000 (1,581,581) (1,581,581)
IRS_P US0003M R 3.250% 1600000 1,603,768 1,603,768
Total Interest Rate Swaps Payable (766,474) (766,474)
STATEMENT 10A
FORM 990PF, PART II - OTHER ASSETS
==================================
BEGINNING ENDING
DESCRIPTION BOOK VALUE BOOK VALUE
----------- ---------- ----------
--------------- ---------------
TOTALS 2,648,202. 185,588.
=============== ===============
STATEMENT 12
DESCRIPTION AMOUNT
----------- ------
STATEMENT 13
CONTINUED STATEMENT 14
CONTINUED STATEMENT 15
STATEMENT 16
STATEMENT 22
39633U 5364 39
FORM 990PF, PART XV - NAME, ADDRESS AND PHONE FOR APPLICATIONS
==============================================================
BRENDA LEE
85 BROAD STREET, 22ND FLOOR
NEW YORK, NY 10004
212-902-3246
STATEMENT 23
STATEMENT 24
STATEMENT 25
STATEMENT 26
------------
TOTAL CONTRIBUTIONS PAID 22,088,655.
============
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
American Associates, Ben-Gurion University of the Negev New York, NY 501(c)(3) To support BGU's scholarship program $5,000
American Institute for Contemporary German Studies Washington, DC 501(c)(3) To support AICGS Society, Culture and Politics Program $5,000
American Museum of Natural History New York, NY 501(c)(3) To support the Urban Advantage Program, which engages science- $400,000
rich institutions with schools nationwide
America's Promise- The Alliance for Youth Washington, DC 501(c)(3) To support the Goldman Sachs-First Focus Internship Program $100,000
Ashoka Arlington, VA 501(c)(3) To help launch its inaugural program in the UK and expand its newly $400,000
established program in France and Germany by supporting dynamic
social entrepreneurs in the field of education and youth development
Asian University for Women Support Foundation Cambridge, MA 501(c)(3) To help launch Asian University for Women's Access Program that $650,000
recruits and cultivates high-potential secondary school graduates
from disadvantaged backgrounds across Asia
Asian University for Women Support Foundation Cambridge, MA 501(c)(3) To support AUW's Access Program which recruits and cultivates high- $750,000
potential secondary school graduates from disadvantaged
backgrounds across Asia
Bank Street College of Education New York, NY 501(c)(3) To support the Goldman Sachs Institute for Leadership, Excellence, $500,000
& Academic Development (I-LEAD) Program
Bank Street College of Education New York, NY 501(c)(3) To support the Goldman Sachs Institute for Leadership, Excellence, $249,333
& Academic Development (I-LEAD) Program, a pioneering college
preparatory initiative for talented students from selected urban
Catholic high schools in New York City
Boston Charitable Trust Boston, MA 501(c)(3) To support the Mayor's Scholarship Fund $7,500
Cambridge in America New York, NY 501(c)(3) To be used by the University of Cambridge in England to support an $350,000
innovative college preparatory program providing mathematics
enrichment for high-potential students from disadvantaged
backgrounds
Citizen Schools, Inc. Boston, MA 501(c)(3) To support the 8th Grade Academy, which provides low-income $250,000
students with the academic and leadership preparation needed to
successfully enroll in selective colleges and universities.
Columbia University New York, NY 501(c)(3) To support underrepresented talented youth and prepare them for $125,000
admission to and success at highly selective colleges and
universities.
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
Cornell University Ithaca, NY 501(c)(3) To support summer research programs for undergraduates and $10,000
graduates students
Corporation for Enterprise Development Washington, DC 501(c)(3) To support the development of an Effective Practices web-based $75,000
toolkit for communities interested in starting youth entrepreneurship
leadership programs
Council For Economic Education New York, NY 501(c)(3) To support the NCEE/Goldman Sachs Foundation National Economic $350,000
Challenge engaging talented students in economic education
Cunningham Dance Foundation, Inc. New York, NY 501(c)(3) General support $5,000
Duke University Durham, NC 501(c)(3) To support the national scale up of the Next Generation Venture $2,250,000
Fund
Duke University Durham, NC 501(c)(3) To support the Next Generation Venture Fund $5,000
Duke University Durham, NC 501(c)(3) To support the Next Generation Venture Fund $60,000
Educational Testing Service Princeton, NJ 501(c)(3) To evaluate selected Foundation programs; to serve as advisors on $325,000
evaluation; and to assist in the dissemination of findings and results
Every Child a Chance Trust London, UK Expenditure responsibility To support the development of Every Child Counts, a three year $100,000
program to work with children having the most difficulty with
mathematics
Family & Children's Services of Ithaca Ithaca, NY 501(c)(3) To support the 'Opening New Doors' campaign $5,000
First Book Washington, DC 501(c)(3) To support the development of 'First Book Marketplace,' an online $25,000
retail marketplace serving disadvantaged children
Foundation for Teaching Economics Davis, CA 501(c)(3) To support four annual week-long summer institutes that will provide $333,333
economic and leadership education to rising high school seniors, and
also train teachers on experiential techniques and effective teaching
strategies
Friends of the University of Nottingham America, Inc. Rochester, NY 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
students from disadvantaged backgrounds to enroll and succeed at
top universities across England
Friends of the University of Nottingham America, Inc. Rochester, NY 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
students from disadvantaged backgrounds to enroll and succeed at
top universities across England
Fund for the City of New York New York, NY 501(c)(3) To support the 2008 Pipeline Crisis/Winning Strategies forum being $10,000
held on July 11, 2008
Georgetown University Washington, DC 501(c)(3) To support academic and leadership development opportunities for $125,000
talented, underrepresented secondary school students in order to
prepare them for enrollment and success at selective colleges and
universities
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
Global Fund for Children Washington, DC 501(c)(3) To support innovative community-based initiatives that develop the $445,000
leadership, entrepreneurship, and academic skills of young people in
Mumbai, Bangalore and across India
Harvard College Association for US-China Relations Cambridge, MA 501(c)(3) To support the 2008 and 2009 Summit for Young Leaders in China, $300,000
Corporation bringing together three hundred talented Chinese high school
students to Shanghai for an intensive and innovative academic and
leadership development program
Harvard University Cambridge, MA 501(c)(3) General operating support at the JFK School of Government $25,000
Harvard University Cambridge, MA 501(c)(3) To support the Women's Leadership Board at the JFK School of $10,000
Government
Harvard University Cambridge, MA 501(c)(3) To support the Graduate School of Education $10,000
Harvard University Cambridge, MA 501(c)(3) To support Villa I Tatti's Craig & Barbara Smyth Library Fund $10,000
Harvard University Cambridge, MA 501(c)(3) General operating support at Harvard's Divinity School $25,000
Haverford College Haverford, PA 501(c)(3) To provide general operating support $25,000
Humanity in Action New York, NY 501(c)(3) To support Humanity in Action, Germany $5,000
Independent Sector Washington, DC 501(c)(3) To support the Increasing Effectiveness tract at the 2008 $10,000
Independent Sector Annual Conference to be held in Philadelphia on
November 9 - 11
Institute of International Education New York, NY 501(c)(3) To support the expansion and enhancement of the Goldman Sachs $2,550,000
Global Leaders Program in building a strong platform for the
Program's 10th anniversary activities in 2010
International House New York, NY 501(c)(3) To provide general operating support $15,000
Johns Hopkins University Baltimore, MD 501(c)(3) To support the national scale up of the Next Generation Venture $2,750,000
Fund
Johns Hopkins University Baltimore, MD 501(c)(3) To expand the Next Generation Venture Fund Program (NGVF) $472,250
participation to the point of national impact
Juma Ventures San Francisco, CA 501(c)(3) To support youth development program in Washington, DC, providing $35,000
skills training and employment opportunities, education and career
services, financial literacy education, asset building services, and
personal case management services.
Let's Get Ready, Inc. New York, NY 501(c)(3) To establish a field office in Boston that would initiate and support six $157,000
new self-supporting high school/university partnerships in New
England and mobilize 500 talented undergraduates to provide quality
SAT and college prep to underserved students
Let's Get Ready, Inc. New York, NY 501(c)(3) To support the implementation of LGR programs in New England $400,000
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
London School of Economics and Political Science London, UK Equivalency To support the CHOICE program which develops the academic and $87,500
Determination leadership skills of talented secondary students preparing them for
admission and success in highly selective colleges and universities
Management Leadership for Tomorrow New York, NY 501(c)(3) To implement a developmental program for alumni of GSF's $165,000
Signature Initiative efforts that will enhance their ability to compete for
entry-level jobs, MBA programs, and leadership positions
Management Leadership for Tomorrow New York, NY 501(c)(3) To support the Career Preparation Program and MLT Houston $325,000
programming
Manhattanville College Purchase, NY 501(c)(3) To support the Manhattanville College Promotes Academics and Life- $200,000
Long Success (MPALS) program, which prepares talented students
from underrepresented backgrounds for admission into selective
colleges and universities
Marlboro Music School & Festival Philadelphia, PA 501(c)(3) To support the Fellowship Fund $5,000
Museum of Modern Art New York, NY 501(c)(3) General operating support $35,000
National Foundation for Teaching Entrepreneurship New York, NY 501(c)(3) To expand and enhance NFTE's entrepreneurial education initiatives $500,000
in Germany and China and to support the 2009 and 2010 Youth
Entrepreneur Expo and Global Young Entrepreneurs of the Year
Awards
National Urban League New York, NY 501(c)(3) To support the 2008 Black Executive Exchange Program Student $100,000
Leadership Institute and Project Ready
Neighborhood Centers Inc. Houston, TX 501(c)(3) To support the New Century Campaign's vision to create a $10,000
neighborhood infrastructure in Southwest Houston
North American Foundation for the University of Littleton, MA 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
Manchester, Inc. students from disadvantaged backgrounds to enroll and succeed at
top universities across England
North American Foundation for the University of Littleton, MA 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
Manchester, Inc. students from disadvantaged backgrounds to enroll and succeed at
top universities across England
Northfield Mount Hermon School Northfield, MA 501(c)(3) To support Northfield Mount Hermon School programs $7,500
Peter Westbrook Foundation New York, NY 501(c)(3) To support leadership training for low-income students between the $25,000
ages of 9-18 pursing the art of fencing
Prep for Prep New York, NY 501(c)(3) To support the Prep for Prep/Goldman Sachs Foundation Institute for $330,000
Entrepreneurship and Prep for Prep's Smart Connection program
Prep for Prep New York, NY 501(c)(3) To implement workshops and create a technical support office $168,437
Princeton University Princeton, NJ 501(c)(3) To support the Princeton University Preparatory Program (PUPP) $200,000
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
Princeton University Princeton, NJ 501(c)(3) To support the Princeton University Preparatory Program (PUPP) $116,667
Rainier Scholars Seattle, WA 501(c)(3) To support the Academic Enrichment Program $250,000
Robert C. Maynard Institute for Journalism Education Oakland, CA 501(c)(3) To support 'Against the Odds: Outsiders, Outcasts and those who $25,000
Overcome,' a radio and multimedia series to be distributed by Public
Radio International
Room to Read San Francisco, CA 501(c)(3) To establish 450 libraries in under-resourced schools and provide $350,000
high-quality training to 450 teachers and librarians in Delhi, Rajasthan
and several key locations in India.
Schwab Foundation for Social Entrepreneurship Geneva, Switzerland Expenditure responsibility To support the 7th annual Summit for Outstanding Social $90,000
Entrepreneurs in January 2008 and to co-host 'Leadership from the
Edge' at the 2008 World Economic Forum's Annual Meeting
Schwab Foundation for Social Entrepreneurship Geneva, Switzerland Expenditure responsibility To support convening of social entrepreneurs at pre-event meetings $100,000
held in coordination with World Economic Forum regional events
Sponsors for Educational Opportunity New York, NY 501(c)(3) To support the 2008 College Knowledge Day; College Admissions $70,000
Summit and the GSF Youth Entrepreneurship Camp
Students in Free Enterprise Springfield, MO 501(c)(3) To support teams of French, Chinese and U.S. college students to $450,000
teach high school students about capital markets and capital
Teach First London, UK Equivalency To support the expansion of the Teach First teacher recruitment $333,333
Determination model across England.
The American Academy in Berlin New York, NY 501(c)(3) To support the Fall Fellows Presentation in September 2008 $5,000
The Asia Society New York, NY 501(c)(3) To support the March 2008 Asia-Pacific Leaders Forum on $50,000
Secondary Education in India
The Asia Society New York, NY 501(c)(3) To support The Asia Society's core programming $25,000
The Asia Society New York, NY 501(c)(3) To support the Goldman Sachs Foundation Prizes for Excellence in $360,800
International Education awards program and to disseminate
international educational best practices throughout the US
The Brookings Institution Washington, DC 501(c)(3) To support Brookings educational research $50,000
The Foreign Policy Association New York, NY 501(c)(3) To provide general operating support $15,000
The Middle East Media Research Institute Washington, DC 501(c)(3) To support MEMRI's Reform Project $5,000
The Phelps Stokes Fund Washington, DC 501(c)(3) To support the preparation of the Fund's comprehensive $40,000
development strategy
The Quest Scholars Program Palo Alto, CA 501(c)(3) To support the strategic development of the organization in order to $200,000
increase the number of students served
The Salvation Army Ithaca, NY 501(c)(3) To support The Salvation Army's core programs in Ithaca, NY $10,000
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
The Steppingstone Foundation, Inc. Boston, MA 501(c)(3) To support the continued development of the National Partnership for $100,000
Educational Access (NPEA)
The Studio Museum In Harlem New York, NY 501(c)(3) To research Empowerment Schools in NYC's District 5 with the $10,000
ultimate goal of aligning Studio Museum Harlem's arts curriculum with
the objectives of Empowerment Schools
The Synergos Institute New York, NY 501(c)(3) To provide general operating support $25,000
The University of Warwick Coventry, UK Equivalency Determination To support the National Academy for Gifted and Talented Youth $125,000
(NAGTY) and to establish a 'Next Generation Venture Fund' initiative
Trisha Brown Company New York, NY 501(c)(3) To provide support for the premiere of Trisha Brown's new $5,000
choreography in April 2009
United Way of New York City New York, NY 501(c)(3) To support the Early Childhood Education Group of The Pipeline $75,000
Crisis: Winning Strategies for Young Black Men initiative
University of Birmingham Foundation Bellingham, WA 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
students from disadvantaged backgrounds to enroll and succeed at
top universities across England
University of Birmingham Foundation Bellingham, WA 501(c)(3) To replicate the Masterclass program which prepares talented young $166,667
students from disadvantaged backgrounds to enroll and succeed at
top universities across England
University of California at Berkeley Berkeley, CA 501(c)(3) To support the Haas School of Business 2008 Global Social Venture $25,000
Competition
University of Chicago Chicago, IL 501(c)(3) To provide opportunities for academic and leadership development $100,000
for talented, underrepresented secondary school students that will
help prepare them for enrollment and success at selective colleges
and universities
University of Southern California Los Angeles, CA 501(c)(3) For use over two years by the Center for Higher Education Policy $250,000
Analysis (CHEPA) to replicate the college access pilot program in five
of Los Angeles’ poorest inner-city schools.
University of the Witwatersrand Wits, South Africa Equivalency To provide opportunities for academic and leadership development $250,000
Determination for talented, underrepresented secondary school students that will
help prepare them for enrollment and success at selective colleges
and universities
University of the Witwatersrand Wits, South Africa Equivalency To provide opportunities for academic and leadership development $250,000
Determination for talented, underrepresented secondary school students that will
help prepare them for enrollment and success at selective colleges
and universities
University of the Witwatersrand Wits, South Africa Equivalency To provide opportunities for academic and leadership development $390,000
Determination for talented, underrepresented secondary school students that will
help prepare them for enrollment and success at selective colleges
and universities
STATEMENT 28
Foundation Status of
Grantee Name Grantee Address Recipient Purpose of Grant or Contribution Amount
William J. Clinton Foundation Little Rock, AR 501(c)(3) To support the Imbuto Foundation's first annual Celebrating Young $25,000
Women Achievers forum
World Economic Forum Geneva, Switzerland Expenditure responsibility To support the development and launch of an Entrepreneurship $40,000
Education white paper with focus on three areas: Youth
Entrepreneurship, High Growth/Opportunity Entrepreneurship and
Necessity Entrepreneurship/Social
Total $22,088,655
STATEMENT 28
THE GOLDMAN SACHS FOUNDATION 23-7000346
FORM 990PF, PART XV - GRANTS AND CONTRIBUTIONS APPROVED FOR FUTURE PAYMENT
Foundation Status of
Recipient Recipient Address Recipient Purpose of Grant or Contribution Amount
Ashoka Arlington, VA 501(c)(3) To help launch its inaugural program in the UK and expand its newly $300,000
established program in France and Germany by supporting dynamic
social entrepreneurs in the field of education and youth development
Cambridge in America New York, NY 501(c)(3) To be used by the University of Cambridge in England to support an $400,000
innovative college preparatory program providing mathematics
enrichment for high-potential students from disadvantaged
backgrounds
Duke University Durham, NC 501(c)(3) To support the Next Generation Venture Fund $180,000
Foundation for Teaching Economics Davis, CA 501(c)(3) To support four annual week-long summer institutes that will provide $333,333
economic and leadership education to rising high school seniors, and
also train teachers on experiential techniques and effective teaching
strategies
Girls, Inc. New York, NY 501(c)(3) To support the annual Girls Inc. Corporate Camp $200,000
Harvard University Cambridge, MA 501(c)(3) To support The Next Step program, a new initiative that works to $125,000
ensure the success of Crimson Summer Academy alumni during
their college years
Hertie Foundation Frankfurt, Germany Expenditure responsibility To support the START program for talented immigrant youth in $350,000
Germany
Johns Hopkins University Baltimore, MD 501(c)(3) To expand the Next Generation Venture Fund Program (NGVF) $152,250
participation to the point of national impact
London School of Economics and London, UK Equivalency To support the CHOICE program which develops the academic and $262,500
Political Science Determination leadership skills of talented secondary students preparing them for
admission and success in highly selective colleges and universities
National Foundation for Teaching New York, NY 501(c)(3) To expand and enhance NFTE's entrepreneurial education initiatives $435,000
Entrepreneurship in Germany and China and to support the 2009 and 2010 Youth
Entrepreneur Expo and Global Young Entrepreneurs of the Year
Awards
Princeton University Princeton, NJ 501(c)(3) To support the Princeton University Preparatory Program (PUPP) $116,667
Strategic Education Research Washington, DC 501(c)(3) To support a collaborative partnership with the Minority Student $250,000
Partnership Institute Achievement Network (MSAN) to improve mathematics achievement
STATEMENT 29
Foundation Status of
Recipient Recipient Address Recipient Purpose of Grant or Contribution Amount
Asian University for Women Support Cambridge, MA 501(c)(3) To help launch Asian University for Women's Access Program that $650,000
Foundation recruits and cultivates high-potential secondary school graduates
from disadvantaged backgrounds across Asia
Duke University Durham, NC 501(c)(3) To support the national scale up of the Next Generation Venture $2,250,000
Fund
Johns Hopkins University Baltimore, MD 501(c)(3) To support the national scale up of the Next Generation Venture $2,750,000
Fund
National Foundation for Teaching New York, NY 501(c)(3) To expand and enhance NFTE's entrepreneurial education initiatives $500,000
Entrepreneurship in Germany and China and to support the 2009 and 2010 Youth
Entrepreneur Expo and Global Young Entrepreneurs of the Year
Awards
Prep for Prep New York, NY 501(c)(3) To support the Prep for Prep/Goldman Sachs Foundation Institute for $330,000
Entrepreneurship and Prep for Prep's Smart Connection program
WGBH Educational Foundation Boston, MA 501(c)(3) To support the production of Justice: A Journey in Moral Reasoning $10,000
STATEMENT 29
Form 990-PF, Part IV
Capital Gains Losses Detail
Cost or other
Description Date Acquired Date Sold Proceeds basis Gain/(Loss)
Publicly Traded Securities VARIOUS VARIOUS 69,646,081 79,429,080 (9,782,999)
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/8/2008 12,473 12,473 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/10/2008 2,274 2,274 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/17/2008 11,811 11,811 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/18/2008 4,372 4,372 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/23/2008 49,081 49,081 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/24/2008 44,946 44,946 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/25/2008 95,008 95,008 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 1/31/2008 157,499 157,499 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 3/12/2008 5,508 5,508 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 3/18/2008 5,058 5,058 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 3/19/2008 26,666 26,666 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 3/25/2008 28,443 28,443 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 4/21/2008 743 743 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 4/30/2008 7,452 7,452 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 5/8/2008 2,763 2,763 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 5/29/2008 2,292 2,292 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 5/30/2008 9,404 9,404 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/2/2008 80,918 80,918 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/11/2008 25,377 25,377 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/17/2008 55,092 55,092 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/18/2008 36,648 36,648 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/24/2008 39,816 39,816 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/26/2008 39,856 39,856 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 6/30/2008 225,311 225,311 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/4/2008 59,722 59,722 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/9/2008 27,865 27,865 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/11/2008 13,075 13,075 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/16/2008 34,246 34,246 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/17/2008 34,331 34,331 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/21/2008 141,612 141,612 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/22/2008 17,132 17,132 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/23/2008 63,756 63,756 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/24/2008 31,067 31,067 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 7/28/2008 291,834 291,834 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 9/12/2008 22,587 22,587 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 9/16/2008 41,709 41,709 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 12/6/2007 15,398 15,398 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 12/7/2007 3,643 3,643 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 12/21/2007 23,671 23,671 -
MAINTENANCE MARGIN AUSTRALIAN VARIOUS 12/24/2007 9,414 9,414 -
AUD MARGIN BALANCE VARIOUS 4/14/2008 90,075 90,075 -
MAINTENANCE MARGIN BRITISH VARIOUS 1/2/2008 16,361 16,361 -
1Q08 REALIZED GAIN OCM REAL ESTATE OPP FD III LP VARIOUS 5/30/2008 6,721
2Q08 REALIZED LOSS OCM REAL ESTATE OPP FD III LP VARIOUS 7/31/2008 (165,434)
3Q08 REALIZED LOSS OCM REAL ESTATE OPP FD III LP VARIOUS 10/31/2008 (203,285)
4Q07 REALIZED GAIN OCM REAL ESTATE OPP FD III LP VARIOUS 1/31/2008 50,794
2Q08 REALIZED LOSS WILLIS STEIN & PARTNERS III VARIOUS 8/29/2008 (21,456)
3Q08 REALIZED LOSS WILLIS STEIN & PARTNERS III VARIOUS 11/28/2008 (743,425)
4Q07 REALIZED LOSS WILLIS STEIN & PARTNERS III VARIOUS 3/31/2008 (320,104)
Venture Capital Partnerships Topside Adjustment VARIOUS 11/30/2008 591,916
Quantum Topside Adjustment VARIOUS 11/30/2008 688,381
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/2/2008 (34,609)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/3/2008 (55,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/4/2008 6,000
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/7/2008 (28,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/8/2008 (10,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/9/2008 (2,250)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/10/2008 (17,250)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/11/2008 39,750
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/14/2008 (34,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/15/2008 (10,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/16/2008 (43,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/17/2008 16,500
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/18/2008 (28,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/22/2008 7,500
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/23/2008 (70,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/24/2008 (28,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/25/2008 101,325
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/28/2008 (38,294)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/30/2008 26,203
10YR SWAP NOTE FUTURE (CBT) VARIOUS 1/31/2008 36,953
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/1/2008 (32,781)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/4/2008 (12,375)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/5/2008 15,813
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/6/2008 (19,938)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/7/2008 13,063
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/8/2008 53,625
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/11/2008 (27,500)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/12/2008 (11,688)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/13/2008 24,063
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/14/2008 7,563
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/15/2008 68,062
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/19/2008 (17,814)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/20/2008 48,236
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/21/2008 6,125
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/22/2008 (65,078)
10YR SWAP NOTE FUTURE (CBT) VARIOUS 2/26/2008 44,250
Totals -14,450,758.
JSA
7F0970 1.000