990-PF Return of Private Foundation Treated as a Private ...990s.foundationcenter.org/990pf_pdf_archive/205/205132900/... · Form 990-PF Return of Private Foundation or Section 4947(a)(1)

Form 990-PF Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation

OMB No 1545 0052

2009Department of the TreasuryInternal Revenue Service Note: The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2009 , or tax year beginning , 2009 , and ending

G Check all that apply

HAmended

Initial return F1 Initial Return of a former public charity Final return

return n Address change n Name change

Use the

IRS label The Rees-Jones FoundationOtherwise, 5956 Sherry Lane #1603

^ printDallas, TX 75225or type

See Specificnstructlons

H Check type of organization X Section 501(c)(3) exempt private foundation

Section 4947(a ) (1 ) nonexem pt charitable trust Other taxable private foundation

OQ I Fair market value of all assets at end of year J Accounting method Cash N Accrual(from Part Il, column (c), line 16) Other ( specify) _ _ _ _ _ _ _ _ _ _ _

$ 326, 271, 998. (Part 1, column (d) must be on cash basis )art Analysis of Revenue an

A Employer identification number

20-5132900B Telephone number (see the instructions)

(214) 751-2977C If exemption application is pending, check here

D 1 Foreign organizations , check here H2 Foreign organizations meeting the 85% test, check q

here and attach computation 0.

E If private foundation status was terminated q11-under section 507(b)( I)(A), check here

F It the foundation is in a 60 month termination nunder section 507(b)(1)(B ). check here

Expenses (The total of amounts in(a) Revenue and

b(b) Net investment

columns (b). (c), and (d) may not neces-expenses per ooks income

sarily equal the amounts in column (a)(see the Instructions) )

1 Contributions , gifts, grants etc, received (att sch)

2 CkV, I

if the founds is not req to art Sch B

3 Interest on savings and temporarycash investments 869, 953. 869, 953.

4 Dividends and interest from securities 6 , 774 , 350. 6 , 512 , 664.5a Gross rentsb Net rental income

or (loss)

R 6a Net gain/(loss ) from sale of assets riot on brie 10 -13, 618, 792.Ev

b Gross sales price for all 249647402.assets on line 6a

E 7 Capital gain net income (from Part IV line 2) HEMN 8 Net short - term capital gainUE

9 Income modifications10a Gross sales less

returns aridallowars es

b Less Cost ofgoods sold

c Gross profit /( loss) (att sch)11 Other income (attach schedule)

See Statement 1 88,502. 74,183.12 Total . Add lines 1 through 11 -5 , 885 , 987. 7 456 800.13 Compensation of officers, directors, rustees etc 192, UU6 bil, 84214 Other employee salaries and wages 422 , 802 65, 73115 Pension plans , employee benefits 107, 935. 19, 156.

A 16a Legal fees ( attach schedule ) See St 2 5, 167. 982 .M b Accounting fees (attach sch ) See St 3 35, 260. 17, 630 .

®N

c Other prof fees ( attach sch ) See St 4 1, 134, 212 . 1, 021, 052 .s 17 Interest

18 Taxes ( attach schedule )( see instr ) See Stm 5 52, 301 .^!+ A 19 Depreciation (attach

T sch) and depletion 27, 945. 5, 310.^j v 20 Occupancy 137 , 990. 26 , 218.

21 Travel, conferences , and meetings 16 , 845. 3 201.A EN 22 Printing and publicationsD p 23 Other expenses (attach schedule)

EN See Statement 6 890,061. 836,207.

Es 24 Total operating and administratives expenses . Add lines 13 through 23 3, 022, 524. 2, 047, 329.

25 Contributions , gifts, grants paid Part XV 34 , 326 , 663.26 Total expenses and disbursem*nts.

Add lines 24 and 25 37, 349, 187. 2, 047, 329.27 Subtract line 26 from line 12:

a Excess of revenue over expensesand disbursem*nts -43,235,174.

b Net investment income ( if negative, enter 0) 5,409,471.

(d) Disbursem*ntsfor charitablepurposes

(cash basis only)

.............................................

........................................ .

357,576.88,336.4,185.

17, 630.113,307.

111,772.13 , 644.

51, 429.

899, 736.17 086 668.

17,986,404.

C Adjusted net income (if negative, enter 0

BAA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . TEE_A050AI 02/02110 Form 990-PF (2009)

Form 990-PF (2009 ) The Rees-Jones Foundation 20-5132900 Pane 2

A;;ached schedules and amounts in the descriptionl h fld b d fPa t I[ B l Sh t

Beginning of year End of yearou e or ens co umn s o year amounts onlyr a ance ee

(See ms.ructrons) (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest - bearing

2 Savings and temporary cash investments 43, 262, 937. 17, 890,784 * 17, 890, 784.3 Accounts receivable 11- 702 ,33 9 .

------ -----Less allowance for doubtful accounts I- ---- _ - _ _- _ 1, 082, 300. 702, 339. 702, 339.4 Pledges receivable

----------Less allowance for doubtful accounts I ._ _ _ _ _ _ _ _ _

5 Grants receivable

6 Receivables due from officers , directors, trustees , and otherdisqualified persons ( attach schedule) (see the instructions)

7 Other notes and loans receivable ( attach sch)

S Less allowance for doubtful accounts---------

S 8 Inventories for sale or use

ET 9 Prepaid expenses and deferred charges

S 10a Investments - U S and state governmentobligations (attach schedule ) Statement 7 51, 577, 829. 65 , 320, 015. 65, 320, 015.

b Investments - corporate stock ( attach schedule ) Statement 8 141, 774, 985. 172, 070, 208. 172, 070, 208 .c Investments - corporate bonds ( attach schedule ) Statement 9 9, 153, 207. 27,533,164' 27,533,164.

11 Investments - land, buildings, andequipment basis

----------Less accumulated depreciation(attach schedule)

12 Investments - mortgage loans

13 Investments - other (attach schedule ) Statement 10 48, 674, 114. 42, 627, 786. 42, 627, 786.14 Land , buildings , and equipment basis 0-_ _ _ _ _18 2 ,74 7 .

Less accumulated depreciation( attach schedule ) See Stmt 111, _ 6 6 ,_06 9 . 142, 853. 116, 678. 116, 678.

15 Other assets (describe " See Statement 12 )-----------------

-118, 147. 11,024. 11,024.

16 Total assets (to be completed by all filers -see instructions Also, see page 1, item I) 295, 786, 372. 326, 271, 998. 326, 271, 998 .

L 17 Accounts payable and accrued expenses 303, 028. 162,148.A 18 Grants payable 4, 365, 005. 21, 605,000.B 19 Deferred revenue

L 20 Loans from officers , directors , trustees , & other disqualified persons

1 21 Mortgages and other notes payable ( attach schedule)

TI 22 Other liabilities ► See Statement 13(describe Statement-13 638,261. 3,517,313.ES 23 Total liabilities (add lines 17 through 22) 5, 306, 294. 25,284,461.

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

N F 24 Unrestricted 290, 480, 078. 300, 987, 537.T NT N 25 Temporarily restricted

D 26 Permanently restricted

AS B Foundations that do not follow SFAS 117, check here 11-F

S A and complete lines 27 through 31.

E AT A 27 Capital stock, trust p rinci p al , or current funds

S N 28 Paid-in or capital surplus , or land , building , and equipment fund

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

R S 30 Total net assets or fund balances (see the instructions ) 290, 480, 078. 300, 987, 537 .31 Total liabilities and net assets/fund balances

(see the instructions ) 295, 786, 372. 326, 271, 998 .I ran to Analysis of funan es in Ivet Assets or I-und t3alances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree withend-of-year figure reported on prior year's return) 1 290, 480, 078 .

2 Enter amount from Part I, line 27a 2 -43,235,174.3 Other increases not included in line 2 (itemize) - See Statement 14 _ _

-------------------- 3 53, 742, 633.4 Add lines 1, 2, and 3 4 300, 987, 537 .

5 Decreases not included in line 2 (itemize)_____________________ ___ _

5_ _

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b) line 30 6 300, 987, 537.

BAA TEEA0302L 07/06/09 Form 990-PF (2009)

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Page 3Part . 1V Capital Gains and Losses for Tax on Investment Income

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

(b) How acqu i red' - PurchaseD - Donation

(d) Date sold(month, day, year)

la publicl y traded securities P Various Variousb short-term cap ital gain distributions P Various Variousc long-term cap ital gain distributions P Various Various

d K-1 pass-through capital gains P Various variouse Petrus Endowment Limited P 10/01/07 3/31/09

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

(g) Cost or other basisplus expense of sale

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

a 235,136,261. 243,243,136. -8,106,875.b 35,173. 35,173.c 64,549. 64,549.d 336,909. 336,909.e 14,074,510. 1 1 20,023,058. -5,948,548.Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Column (h)

(i) Fair Market Valueas of 12/31 /69

6) Adjusted basisas of 12/31/69

(k) Excess of column (i)over column 0 ), if any

gain minus column ( k), but not lessthan - 0-) or Losses (from column (h))

a -8,106,875.b 35,173.c 64,549.d 336, 909.e -5,948,548.

2 Capital gain net income or ( net capital loss). If gain, also enter in Part I, line 7If (loss), enter -0 - in Part I, line 7 } 2 -13, 618, 792 .

3 Net short- term capital gain or (loss ) as defined in sections 1222(5) and (6)

If gain, also enter in Part I, line 8, column (c) (see the instructions ) If (loss), enter -0-in Part I, line 8 3 0.

Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940(d)(2) applies, leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? LIYes No

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

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

(a)Base period years

Calendar year (or tax yearbeginning in)

(b)Adjusted qualifying distributions

(c)Net value of

noncharitable-use assets

(d)Distribution ratio

(column (b) divided by column (c))

2008 22,374,515. 362,217,528. 0.0617712007 15,996,426. 408,999,291. 0.0391112006 1,037,612. 78, 668, 137. 0.0131902005

2004

2 Total of line 1, column (d) 2 0.114072

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years 3 0.038024

4 Enter the net value of noncharitable-use assets for 2009 from Part X, line 5 4 298, 118, 131.

5 Multiply line 4 by line 3 5 11, 335,644.

6 Enter 1 % of net investment income (I% of Part I, line 27b) 6 54,095.

7 Add lines 5 and 6 7 11, 389, 739.

8 Enter qualifying distributions from Part XII, line 4 8 _17,91 86,404-

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 thePart VI instructions

BAA Form 990-PF (2009)

TEEA0303L 07/06/09

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Pa g e 4Part V[ Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see the instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here 10.F1 and enter 'N/A' on line 1

Date of ruling or determination letter (attach copy of letter if necessary - see instr.)

b Domestic foundations that meet the section 4940(e) requirements in Part V, 1 54,095.check here and enter 1 % of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxablefoundations only Others enter -0-) 2 .

3 Add lines 1 and 2 3 54,095.4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0.

5 Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter -0- 5 54,095.6 Credits/Payments

a 2009 estimated tax pmts and 2008 overpayment credited to 2009 6a 65,038.b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 65,038.

8 Enter any penalty for underpayment of estimated tax Check here 1-1 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 0.

10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 10 10,943.11 Enter the amount of line 10 to be Credited to 2010 estimated tax 10,943. 1 Refunded 01 11 0.

Part VUE-A Statements Regardin g Activities

1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did itparticipate or intervene in any political campaig0

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

If the answer is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials publishedor distributed by the foundation In connection with the activities

c Did the foundation file Form 1120-POL for this year'd Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year

(1) On the foundation B. $ 0. (2) On foundation managers . $e Enter the reimbursem*nt (if any) paid by the foundation during the year for political expenditure tax imposed onfoundation managers $ 0.

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

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, articlesof incorporation, or bylaws, or other similar instruments) If 'Yes,' attach a conformed copy of the changes

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

b If 'Yes,' has it filed a tax return on Form 990-T for this year'

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

If 'Yes,' attach the statement required by General Instruction T

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

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflictwith the state law remain in the governing instrument?

7 Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part 11, column (c), and PartXV

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

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General(or designate) of each state as required by General Instruction G7 If 'No, 'attach explanation

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942(1)(5)for calendar year 2009 or the taxable year beginning in 2009 (see instructions for Part XIV)' If 'Yes,' complete Part XIV

10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their namesand addresses

2 X

3 X

4a X

4b X

5 X

6 X7 X

8b X

9 X

10 XBAA

Yes No

1a X

1b X

1c X

0.1 1

Form 990-PF (2009)

TEEA0304L 07/06/09

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Pag e 5Part VIE-A Statements Reg ardin g Activities Continued

11 At any time during the year, did the foundation, directly or indirectly, own a controlled entitywithin the meaning of section 512(b)(13)'' If 'Yes', attach schedule (see instructions) 11 X

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract beforeAugust 17, 2008' 12 X

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

Website address ► www _rees-j onesfoundation . orcl _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ -_ _14 The books are in care of - Cissy_Moses _ _ _ _ _ _ - _ _ Telephone no ► (214)751-2977--- -------- --- --- -- ---

Located at ► 5956 Shtr^ry Lane, Suite 1603 Dallas TX ZIP +4 ► 7522515 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here N/A

and enter the amount of tax-exem p t interest received or accrued during the year ► 15 N/A

[Part VEE-B Statements Regardin g Activities for Which Form 4720 May Be Req uiredFile Form 4720 if any item is checked in the 'Yes' column , unless an exception applies. Yes No

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

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? F]Yes No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) adisqualified person' Yes X No

(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 H No

(5) Transfer any income or assets to a disqualified person (or make any of either availablefor the benefit or use of a disqualified person)? Yes

(6) Agree to pay money or property to a government official' (Exception . Check 'No' if thefoundation agreed to make a grant to or to employ the official for a period after terminationof o ernm nt r f t t th 90 d Z N[]Yg v vice, ie se ermina ing wi in ays) es o

b If any answer is 'Yes' to 1 a(1)-(6), did any of the acts fail to qualify under the exceptions described inRegulations section 53 4941 (d)-3 or in a current notice regarding disaster assistance (see the instructions)? lb X

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 were not corrected before the first day of the tax year beginning in 2009' 1 c X

2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was aprivate operating foundation defined in section 4942(1)(3) or 4942(j)(5))

a At the end of tax year 2009, did the foundation have any undistributed income (lines 6dand 6e, Part XIII) for tax year(s) beginning before 2009' jYes XNo

If 'Yes,' list the years " 20 , 20 , 20 , 20

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) toall years listed, answer 'No' and attach statement - see the instructions ) 2b N A

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

P- 20 , 20 , 20 , 20--

3a Did the foundation hold more than a 2% direct or indirect interest in any businessenter rise at an time d r n th ?p y u i g e year Yes No

b If 'Yes,' did it have excess business holdings in 2009 as a result of (1) any purchase by the foundationor disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approvedby 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, todetermine if the foundation had excess business holdings in 2009) 3b X

4a Did the foundation invest during the year any amount in a manner that would jeopardize itscharitable purposes) 4a X

b Did the foundation make any investment in a prior year (but after December 31, 1969) that couldjeopardize its charitable purpose that had not been removed from jeopardy before the first day ofthe tax year beginning in 2009' 4b X

BAA Form 990-PF (2009)

TEEA0305L 07/06/09

Form 990-PF (2009 The Rees-Jones Foundation 20-5132900 Pag e 6Part V11-B Statements Reg ardin g Activities for Which Form 4720 May Be Req uired continued5a 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))7 Yes X] No

(2) Influence the outcome of any specific public election (see section 4955), or to carryon, directly or indirectly, any voter registration drive7 B Yes XX No

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

(4) Provide a grant to an organization other than a charitable, etc, organization describedin section 509(a)(1), (2), or (3), or section 4940(d)(2)7 (see instructions) Yes No

(5) Provide for any purpose other than religious, charitable, scientific, literary, oreducational purposes, or for the prevention of cruelty to children or animals? LI Yes M No

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Regulations section 53 4945 or in a current notice regarding disaster assistance(see 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 thetax because it maintained expenditure responsibility for the grant? N/A Yes LI No

If 'Yes,' attach the statement required by Regulations section 53 4945-5(d)

6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiumson a personal benefit contract7 Yes N No

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

If 'Yes' to 6b, file Form 8870

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

b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? 7b N AMR I n formation About icers, D irectors, Trustees , Foundation Managers , Highly Paid Employees,

and Contractors1 List all officers . directors - trustees . foundation managers and their comnensatinn (see instrur_tionsl_

(a) Name and address

(b) Title and averagehours per week

devoted to position

(d) Contributions toemployee benefitplans and deferred

compensation

(e) Expense account,other allowances

See Statement 15-----------------------

192,006. 24,654. 0.

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

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

2 Compensation of five highest-paid emolovees (other than those included on line 1- see instructions). If none- enter 'NONE.'

(a) Name and address of each employeepaid more than $50,000

(b) Title and averagehours per week

(e) Expense account,other allowances

devoted to position plans and deferredcom pensation

Cissy_Moses _______________5956 Sherry Lane, Suite 1603 Chief Acct. 0Dallas, TX 75225 25 103,500. 14,602. 0.Terese Stevenson-------------- ------- --5956 Sherry Lane, Suite 1603 Program OfficDallas, TX 75225 40 102,200. 22,805. 0.Anne Talley______________5949 Sherry Lane, Suite 1603 Program OfficDallas, TX 75225 40 70,300. 15,469. 0.Adrian Cook------- -----------------5956 Sherry Lane, Suite 1603 Research AssoDallas, TX 75225 40 51,505. 10,710. 0.

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

Total number of other employees paid over $50,000 ► 0t5AA TEEA0306L 07/06/09 Form 990-PF (2009)

Form 990-PF (2009 The Rees-Jones Foundation 20-5132900 Page 7

Part Vill Information About Officers , Directors , Trustees , Foundation Managers , Highly Paid Employees,and Contractors (continued)

3 Five highest-paid independent contractors for professional services - (see instructions). If none,enter'NONE_'

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

Avalon-Advisors LLC-------------------------------------717 Texas, Suite 3000

Houston, TX 77002 nvestment M t. 77,795.

Curtis-W. Meadows,-Jr.------------------------------------2707 State Street

Dallas, TX 75204 onsulting 9,813.

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

Total number of o thers receiving over $50,000 for professional services 0

Part tX-A Summary of Direct Charitable Activities

List the foundation ' s four largest direct charitable activities during the tax year Include relevant statistical information such as the number oforganizations and other beneficiaries served , conferences convened , research papers produced, etc

Expenses

1 N/A ---------- -------------------------------------------

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

2------------------------------------------------------

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

3------------------------------------------------------

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

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

Part tX -8 Summary of Program - Related Investments (see instructions)

Describe the two lar g est prog ram-related investments made by the foundation during the tax year on lines 1 and 2 Amount

N/A------------------------------------------------------

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

2------------------------------------------------------

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

All other program-related investments See instructions

3------------------------------------------------------

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

Total. Add lines 1 throu g h 3 0.

BAA Form 990-PF (2009)

TEEA0307L 07/06/09

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Page 8

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

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposesa Average monthly fair market value of securities 1 a 235, 174, 956.

bAverage of monthly cash balances 1b 27, 808, 273.

c Fair market value of all other assets (see instructions) 1C 39,674,772.

d Total (add lines la, b, and c) 1 d 302, 658, 001.

e Reduction claimed for blockage or other factors reported on lines la and 1c

(attach detailed explanation) 1 e 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0.

3 Subtract line 2 from line ld 3 302, 658, 001 .

4 Cash deemed held for charitable activities Enter 1-1/2% of line 3(for greater amount, see instructions) 4 4,539, 870.

5 Net value of noncharitable -use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 298,118, 131.

6 Minimum investment return . Enter 5% of line 5. 6 14,905, 907.

PartXt Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundationsand certain forei g n org anizations check here ► fl and do not comp lete this p art.

1 Minimum investment return from Part X, line 6 1 14, 905, 907.

2a Tax on investment income for 2009 from Part VI, line 5 2a 54,095.:

b Income tax for 2009 (This does not include the tax from Part VI) 2b 1,685.

c Add lines 2a and 2b 2c 55, 780.

3 Distributable amount before adjustments Subtract line 2c from line 1 3 14,850, 127.

4 Recoveries of amounts treated as qualifying distributions 4

5 Add lines 3 and 4 5 14,850, 127.

6 Deduction from distributable amount (see instructions) 6

7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 14, 850, 127.

Part Xlt Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc. purposesa Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1a 17,986,404.

b Program-related investments - total from Part IX-B 1 b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2

3 Amounts set aside for specific charitable protects that satisfy thea Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 17,986,404.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment incomeEnter 1% of Part I, line 27b (see instructions) 5 54,095.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 17,932,309.

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

BAA Form 990-PF (2009)

TEEA0308L 07/06/09

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Page 9

Part Xlti Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2008 2008 2009

1 Distributable amount for 2009 from Part XI,line 7 14,850,127.

2 Undistributed income, if any, as of the end of 2009

a Enter amount for 2008 only 0.

b Total for prior years 20 , 20 _, 20_ 0._

3 Excess distributions carryover, if any, to 2009

a From 2004

b From 2005

c From 2006

d From 2007

e From 2008 548, 156.f Total of lines 3a throug h e 548, 156.

4 Qualifying distributions for 2009 from Part

XII, line 4 ' $ 17,986,404.a Applied to 2008, but not more than line 2a 0 .

b Applied to undistributed income of prior years(Election required - see instructions) 0.

c Treated as distributions out of corpus(Election required - see instructions) 0.

d Applied to 2009 distributable amount 14,850,127.

e Remaining amount distributed out of corpus 3,136,277.

5 Excess distributions carryover applied to 2009 0. 0.(If an amount appears in column (d), thesame amount must be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 3, 684,433.

b Prior years' undistributed income Subtractline 4b from line 2b 0.

c Enter the amount of prior years' undistribut-ed income for which a notice of deficiencyhas been issued, or on which the section4942(a) tax has been previously assessed 0.

d Subtract line 6c from line 6b Taxableamount - see instructions 0.

e Undistributed income for 2008 Subtract line 4a fromline 2a Taxable amount - see instructions 0 .

f Undistributed income for 2009 Subtract lines4d and 5 from line 1 This amount must bedistributed in 201Q 0.

7 Amounts treated as distributions out ofcorpus to satisfy requirements imposedby section 170(b)(1)(F) or 4942(g)(3)(see instructions) 0.

8 Excess distributions carryover from 2004 notapplied on line 5 or line 7 (see instructions) 0.

9 Excess distributions carryover to 2010.Subtract lines 7 and 8 from line 6a 3, 684,433.

10 Analysis of line 9

a Excess from 2005

b Excess from 2006

c Excess from 2007

d Excess from 2008 548,156.e Excess from 2009 3, 136, 277.

BAA Form 990-PF (2009)

TEEA0309L 07/06/09

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Pa g e 10Part xlV Private Ooeratina Foundations (see instructions and Part VII-A. auestlon 9) N/A

1 a If the foundation has received a ruling or d etermination letter t hat it is a private operating foundation, and the rulingis effective for 2009, enter the date of the ruling 111-

b Check box to indicate whether the foundati on is a private operating foundation described in section 49420)(3) or 4942(1)(5)

each year listed

b 85% of line 2a

c Qualifying distributions from Part Xil,line 4 for each year listed

d Amounts included in line 2c not used directlyfor active conduct of exempt activities

e Qualifying distributions made directlyfor active conduct of exempt activitiesSubtract line 2d from line 2c7'

3 Complete 3a, b, or c for thealternative test relied upon

a 'Assets' alternative test - enter

(1) Value of all assets

(2) Value of assets qualifying undersection 4942(I)(3)(B)(1)

b 'Endowment' alternative test - enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed

c 'Support' alternative test - enter

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

(2) Support from general public and 5 ormore exempt organizations as providedin section 4942(l)(3)(B)(ni)

(3) Largest amount of support froman exempt organization

(4) Gross investment income

(Part XV I Supplementary Information (Complete this part only if the organization had $5 , 000 or more inassets at any time during the year - see 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 theclose of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2)

See Statement 16

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 ofa partnership or other entity) of which the foundation has a 10% or greater interest

None

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

Check here " R If the foundation only makes contributions to preselected charitable organizations and does not accept unsolicitedrequests for funds If the foundation makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions,complete items 2a, b, c, and d

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

See Statement 17

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

See Statement for Line 2a

c Any submission deadlines

See Statement for Line 2ad Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors

See Statement for Line 2a

BAA TEEA031OL 07/06/09 Form 990-PF (2009)

Form 990-PF (2009 The Rees-Jones Foundation 20-5132900 Page 11

Part XV Supplementary Information (continued)

3 Grants and Contributions Paid Durina the Year or Aooroved for Future Payment

RecipientIf recipient is an individual,show any relationship to Foundation

t t f Purpose of grant or Amountany foundation manager or s a us o contributionl tb b recipient

Name and address (home or business) su stantia contri u or

a Paid during the year

See Statement 20 17,086,668.

Total 3a 17, 086, 668.b Approved for future payment

See Statement 21 21,605,000.

Total 11- 3bI 21, 605, 000.

BAA TEEA0501L 07/06/09 Form 990-PF (2009)

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Page 12

Part X t-A Analysis of Income-Producing Activities

Enter

13 Total . Add line 12, columns (b) (d), and (e) 13 -5,885,987.

(See worksheet in the instructions for line 13 to verify calculations )

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

gross amounts unless otherwise indicated Unrelated business income Excluded by section 512, 513, or 514

rogram service revenue

(a)Businesscode

(b)Amount

(c)Exclu -Sioncode

(d)Amount

(e)Related or exemptfunction income

(see the instructions)

Fees and contracts from government agencies

Membership dues and assessments

Interest on savings and temporary cash investments 14 869,953.

Dividends and interest from securities 14 6, 774,350.

Net rental income or (loss ) from real estate

Debt-financed property

Not debt-financed property

Net rental income or (loss) from personal property

Other investment income

Gain or ( loss) from sales of assets other than inventory 18 -13, 618, 7 92.

Net income or ( loss) from special events

Gross profit or (loss) from sales of inventory

Other revenue

Partnership income 531390 14,319. 14 74,183.

Subtotal Add columns (b), (d), and (e) 14, 319. -5, 900, 306 .

BAA TEEA0502L 07/06/09 Form 990-PF (2009)

Form 990-PF (2009) The Rees-Jones Foundation 20-5132900 Page 13

[Part XVII Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations

Yes No1 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 organizations7

a Transfers from the reporting foundation to a noncharltable exempt organization of

(1) Cash a (1) X

(2) Other assets 1 a (2) X

b Other transactions

(1) Sales of assets to a noncharltable exempt organization 1 b (1) X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2)1 1 X

(3) Rental of facilities, equipment, or other assets 1 b (3) X

(4) Reimbursem*nt arrangements 1 b (4) 1 1 X

(5) Loans or loan guarantees 1 b (5) X

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

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

d If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should always show the fair mathe goods, other assets, or services given by the reporting foundation If the foundation received less than fair marketany transaction or sharin g arran g ement, show in column (d) the value of the oods, other assets, or services received

rket valuevalue in

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

N/A

2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax-exempt organizationsdescribed in section 501 (c) of the Code (other than section 501(c)(3)) or in section 5277 F]Yes X No

b If 'Yes. ' complete the fnllnwinn schedule

(a) Name of or g anization (b) Type of organization (c) Descri p tion of relationshi p

N/A

Under penalties of perjury I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge and belief , it is true correct, andcompieie Declar i of preparer ' er th taxpaye or fiduciary) is based on all infori

IG nature of officer or truste

HER

Preparer'sPaid signaturePre- Self-Prepared

E arer's rrrnis name (orUse yours it selfOnly em^toyed),

address andZIP code

BAA

2009 Federal Statements Page 1

Client REESJONE The Rees-Jones Foundation 20-51 32900

11/03/10 07 59PM

Statement 1Form 990- PF, Part I , Line 11Other Income

(a) (b) Net (c)Revenue Investment Adjusted

per Books Income Net Income

Partnership income $ 88 , 502.$ 74 , 183.Total 88,502.$ 74,183.$ 0.

Statement 2Form 990 -PF, Part I, Line 16aLegal Fees

(a) (b) Net (c) (d)Expenses Investment Adjusted CharitablePer Books Income Net Income Purposes

Legal services $ 5,167. $ 982. $ 4,185.Total $ 5,167. $ 982. $ 4,185.

Statement 3Form 990 - PF, Part I , Line 16bAccounting Fees

(a) (b) Net (c) (d)Expenses Investment Adjusted Charitableper Books Income Net Income Purposes

Audit services $ 35,260. $ 17,630. $ 17,630.Total $ 35,260. $ 17,630. $ 17,630.

Statement 4Form 990 - PF, Part I , Line 16cOther Professional Fees

(a) (b) Net (c) (d)Expenses Investment Adjusted Charitable

per Books Income Net Income Purposes

Grants management consulting $ 99,812. $ 107,675.Investment mgmt. & custodian 1,027,851. $ 1,020,135.Payroll and benefits services 4,827. 917. 3,910.Web design and maintenance 1 , 722.

T t l 1 134 212 1 11,722.

o a , , . ,02 ,052. $ 113,307.

2009 Federal Statements Page 2

Client REESJONE The Rees-Jones Foundation 20-5132900

11/03/10 07 59PM

Statement 5Form 990 - PF, Part I , Line 18Taxes

(a) (b) Net (c) (d)Expenses Investment Adjusted Charitableper Books Income Net Income Purposes

Excise tax expense $ 50,616.Unrelated business income tax 1,685.

Total $ 52,301. $ 0. 0.

Statement 6Form 990 - PF, Part I, Line 23Other Expenses

(a) (b) Net (c) (d)Expenses Investment Adjusted Charitableper Books Income Net Income Purposes

Bank service charges $ 215. $ 215.Community activities 2,131. 405. $ 1,726.Computer and maintenance 4,607. 875. 3,732.Equipment rental and maintenance 2,127. 404. 1,723.Insurance 24,728. 4,698. 20,030.Meals & entertainment 3,282. 312. 2,658.Memberships 5,613. 1,066. 4,547.Miscellaneous 75. 14. 61.Office supplies 5,718. 1,086. 4,632.Partnership deductions from K-1's 826,355. 824,242.Postage & delivery 1,910. 363. 1,547.Printing and copying 3,624. 689. 2,935.Publications and subscriptions 2,323. 441. 1,882.Telephone and telecommunications 7,353. 1,397. 5,956.

Total $ 890,061. $ 836,207. $ 51,429.

Statement 7Form 990 - PF, Part II, Line 10a'Investments - U.S. and State Government Obligations

Valuation Book Fair MarketU.S. Government Obligations Method Value Value

See Statement 18 Mkt Val $ 65,320,015. $ 65,320,015.65,320,015. $ 65,320,015.

Total $ 65,320,015. $ 65,320,015.

2009 Federal Statements Page 3

Client REESJONE The Rees-Jones Foundation 20-5132900

11/03/10 07 59PM

Statement 8Form 990- PF, Part II, Line 10bInvestments - Corporate Stocks

Valuation Book Fair MarketCorporate Stocks Method Value Value

See Statement 18 Mkt Val $ 172070208. $ 172,070,208.Total $ 172070208. $ 172,070,208.

Statement 9Form 990-PF, Part II, Line 10cInvestments - Corporate Bonds

Valuation Book Fair MarketCorporate Bonds Method Value Value

See Statement 18 Mkt Val $ 27,533,164. $ 27,533,164.Total $ 27,533,164. $ 27,533,164.

Statement 10Form 990 - PF, Part II , Line 13Investments - Other

Valuation Book Fair MarketMethod Value Value

Other Investments

See Statement 18 Mkt Val $ 42,627,786. $ 42,627,786.

Total $ 42,627,786. $ 42,627,786.

Statement 11Form 990 - PF, Part II, Line 14Land , Buildings, and Equipment

Accum. Book Fair MarketCategory Basis Deprec. Value Value

Furniture and Fixtures $ 77,858. $ 24,372. $ 53,486. $ 53,486.Machinery and Equipment 45,214. 21,807. 23,407. 23,407.Improvements 59,675. 19,890. 39,785. 39,785.

Total $ 182,747. $ 66,069. $ 116,678. $ 116,678.

2009 Federal Statements Page 4

Client REESJONE The Rees-Jones Foundation 20-5132900

11/03/10 07 59PM

Statement 12Form 990 -PF, Part II, Line 15Other Assets

Fair MarketBook Value Value

Excise tax receivable $ 11 ,024. $ 11,024.Total $ 11,024. $ 11,024.

Statement 13Form 990 -PF, Part II, Line 22Other Liabilities

Payable on pending purchases $ 3,515,628.

Total 3,517,313.

Statement 14Form 990 - PF, Part III, Line 3Other Increases

Unrealized gain on investments $ 53,742,633.Total $ 53,742,633.

Statement 15Form 990 - PF, Part VIII, Line 1List of Officers, Directors , Trustees , a nd Key Employees

Title and Contri- ExpenseAverage Hours Compen- bution to Account/

Name and Address Per Week Devoted sation EBP & DC Other

Trevor Rees-Jones Director $ 0. $ 0. $ 0.5956 Sherry Lane, Suite 1603 5.00Dallas, TX 75225

Janice M. Rees-Jones Director 0. 0. 0.5956 Sherry Lane, Suite 1603 5.00Dallas, TX 75225

Thornton Hardie, III President 168,232. 21,602. 0.5956 Sherry Lane, Suite 1603 20.00Dallas, TX 75225

David Hundley Secretary 8,320. 1,068. 0.5956 Sherry Lane, Suite 1603 5.00Dallas, TX 75225

2009 Federal Statements Page 5

Client REESJONE The Rees-Jones Foundation 20-5132900

11/03/10 07 59PM

Statement 15 (continued)Form 990 - PF, Part VIII, Line 1List of Officers, Directors , Trustees, and Key Employees

Title and Contri- ExpenseAverage Hours Compen- bution to Account/

Name and Address Per Week Devoted sation EBP & DC Other

Lonnie Samford Treasurer $ 15,454. $ 1,984. $ 0.5956 Sherry Lane, Suite 16 03 5.00Dallas, TX 75225

Total $ 192,006. $ 24,654. $ 0.

Statement 16Form 990 -PF, Part XV , Line 1 aFoundation Managers - 2% or More Contributors

Trevor Rees-JonesJanice M. Rees-Jones

Statement 17Form 990-PF, Part XV , Line 2a-dApplication Submission Information

Name of Grant Program:Name: Thornton Hardie, IIICare Of: The Rees-Jones FoundationStreet Address: 5956 Sherry Lane, Suite 1603City, State, Zip Code: Dallas, TX 75225Telephone: (214) 751-2977Form and Content: See Statement 19 and/or www.rees-jonesfoundation.orgSubmission Deadlines: See Statement 19 and/or www.rees-3onesfoundation.orgRestrictions on Awards: See Statement 19 and/or www.rees-jonesfoundation.org

Statement 18 Page 1

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

648 #REORG FACET BIOTECH CORP COM CASH MERGER EFF 04/21/2010 5.724 80 11.391 847707 #REORG/3COM CORP CASH MERGER EFF 4/12/10 37,763 53 57,802.50

#REORG/AFFILIATED COMPUTER CASH & STK MERGER XEROX CORP310 2946695 EFF 2/8/10 13,518.43 18.503 90

#REORG/ALLIED CAP CORP NEW COM STOCK MERGER ARES CAP3555 CORP COM 2009892 EFF 3/ 12,833 19 12,833.55

#REORG/AMERICAN ECOLOGY NAME CHANGE TO US ECOLOGY INC486 2058387 EFF 2/22/10 8.789 80 8.281 441437 #REORG/BARE ESCENTUALS INC CASH MERGER EFF 3/22/10 13.098 97 17,574 51

#REORG/BJ SVCS CO CSH & STK MERGER BAKERHUGHES INC 2043327993 EFF 4/28/10 13.425 26 18.469 80

#REORGBLACK & DECKER CORP COM STOCK MERGER TO STANLEY288 BLACK & DECKER INC COMSE 12,497.62 18.671 048047 #REORGIBURLINGTON NORTHN CASH MERGER EFF2/12/10 723,609 69 793,595 14893 #REORGBURLINGTON NORTHN CASH MERGER EFF2/12/10 92.157 44 88.067 66387 #REORG/CHATTEM INC COM CASH MERGER EFF 3/10/10 25.696 07 36,107 10

#REORG/CONSECO INC NAME CHANGE & CUSIP CHNG CNO FINL4065 GROUP INC COM 2060055 EFF 5/ 10,162 50 20,325 00

#REORG/DYNEGY INC REVERSE SPLIT DYNEGY INC DEL COM 20603032203 EFF 5/25/10 5.044 65 3,98743

#REORG/ELECTRO-OPTICAL SCIENCES INC NAMECHANGE MELA642 SCIENCES INC 2059917 EFF 4/ 4.91772 6.651 12

#REORG/ENCORE CASH & STOCK MERGER DENBURY RES INC HLDG180 CO COM NW 2255553 EF 4.583.18 8.643 60

#REORG/FINANCIAL FED CASH & STK MRGR PEOPLES UTD FINL INC605 2031554 EFF 2/19/10 12.681 85 16,637 50

#REORG/GULFMARK STOCK MERGER GULFMARK OFFSHORE INC CL453 A 2058279 EFF 2/24/10 12.750 59 12,824.43

#REORG/HARLEYSVILLE NATL STOCK MERGER FIRST NIAGARA FINL1448 GROUP 2000787 EFF 4/ 10.404.96 9,325 12

#REORG/HARRIS STRATEX NAME CHANGE AVIAT NETWORKS 20578001584 EFF 1/28/10 10.443 87 10,945 44881 #REORG/IMS HEALTH INC CASH MERGER EFF 2/26/10 15,250 85 18.553 86100 #REORG/K TRON INTL INC CASH MERGER EFF 4/1/2010 10.182 97 10,874 00

#REORG/LUMBER LIQ INC N/C FORMATION OF HOLDING LUMBER LIQ364 I-ILDG 2056954 EFF 12 5.805 79 9.755 20

#REORG/MF GLOBAL LTD NAME CHANGE MF GLOBAL HOLDINGS LTD

1925 2056953 EFF 01 11.31900 13.378 751839 #REORG/MPS GROUP INC COM CASH MERGER EFFI/20/10 17.077 35 25.267 86

#REORG/NCI BLDG REV STK SPLIT NCI BUILDING SYSTEMS 2058826

2703 EFF 3/5/10 5.02731 4.89243#REORG/PEPSI BOTTLING CASH & STK MERGER PEPSICO INC COM

478 2710850 EFF 2/26/10 14.548 90 17.925 00#REORG/PEPSIAMERICAS INC CASH & STK MERGER PEPSICO INC

186 2710850 EFF 2/26/10 5,051 28 5.442 36#REORG/SPHERION CORP N/C & CUSIP CHNG SFN GROUP INC COM

1334 2058428 EFF 03/01/10 5,571 58 7.49708#REORG/STANLEY COM N/C & CUSIP CHG STANLEY BLK & DECKR INC

268 COM 2058894 EFF 3/ 9.036 93 13.804 68#REORG/STEAK NAME CH & CUSP CHNG BIGLRI HOLDINGS INC COM

33 85 2059463 EFF 4/9/10 6.138 16 10.971 462541 #REORG/SUNMICROSYSTEMS INC CASH MERGER EFF 1/26/10 26.581 16 23,809 17

Statement 18 Page 2

2009 Federal Statements 20-5132900

client REES-JONE THE Rees -Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuanti ty Description Cost Market Value

#REORG/SWITCH & DATA CASH & STK MERGER EQUINIX INC COM500 NEW 2001047 EFF 5/4/10 5.912.75 10,105 00865 #REORG/TECHWELL INC COM CASH MERGER EFF 4/27/10 7,482 25 11,418 00

#REORG/T'ERRA INDS INC CASH & STOCK MERGER TO CF INDS338 HOLDINGS INC SEC # 20 4.911 10 10.880.22

#REORG/TICKETMASTER ENTMT INC STOCK MERGER LIVE NATION917 INC SEC # 2019355 EFFI/ 6,180.58 11,205 74

#REORG/UNION BANKSHARES NAME CHANGE UNION FIRST MKT511 2057870 EFF 2/1/10 7,865 21 6,331 29573 #REORGNARIAN INC COM CASH MERGER EFF 5/14/10 21,363 87 29,532.42

#REORG/WATSON WYATT STOCK MERGER TOWERS WATSON & CO801 2056940 EFF 1/4/10 30,21 1.72 38,063 52

1 135 #REORG/WHITE ELECTR DESIGNS CORP CASH MERGER EFF 4/30/10 5.30045 5,30045742 #REORG/ZENITH NATL INS CORP COM CASH MERGER EFF 05/20/2010 16,561.44 22.081.92

#REORGMAX CAP GROUP LTD NAM CHAN W/C CHAALTERRA917 CAPITAL HOLDINGS INC 2060090 05 20,979 71 20,449 102359 3M CO COM 187.052 05 195.018.53654 3PAR INC COM 8.10960 7.74990932 99 CENTS ONLY STORES COM 12,628 51 12.181 24770 AAR CORP COM 12,687 60 17,694.60163 AARONS INC 3.697 62 4.519 99508 ABAXIS INC COM 11,609 38 12,979 40

11649 ABBOTT LABORATORIES, COMMON STOCK. NO PAR 635,411 29 628.929.515559 ABBOTT LABORATORIES. COMMON STOCK. NO PAR 295,990 55 300.130 41299 ABERCROMBIE & FITCH CO CL A 6.165 86 10.420 15

1 180 ABINGTON BANCORP INC PENN COM STK 9,572.60 8.13020770 ABIOMED INC COM 6,868.32 6,729 80915 ABM INDS INC COM 17,01 1.73 18,903 90280 ABOVENET INC COM STK 1 1.333 00 18.21 1.20

ACACIA RESH CORP AR ACACIA TECHNOLOGIES COM AR ACACIA914 TECHNOLOGIES COM 7.166 04 8.326 54925 ACADIA RLTY TR COM 14,558 01 15,604 751444 ACCELRYS INC COM 8.57436 8.274 121768 ACCO BRANDS CORP COM 5,368.71 12,871 04987 ACCURAY INC DEL COM 6.533.94 5.537 07861 ACETO CORP COM 5.852 73 4.434 15815 ACI WORLDWIDE INC COM STK 11.548 55 13.977 25890 ACME PACKET INC COM STOCK 9.238 98 9.790 00757 ACORDA THERAPEUTICS INC COM 18.666.28 19.091 54757 ACTEL CORP COM 9,830 15 8.993 16

2775 ACTIVIDENTITY CORP COM STK 7.131 75 6.521 251898 ACTIVISION BLIZZARD INC COM STK 24,991 23 21,086 781 129 ACTUANT CORP CL ANEW 19.001 47 20,920 371382 ACTUATE CORP COM 6.937 64 5.91496814 ACUITY BRANDS INC COM 23,394 64 29.010 961351 ACXIOM CORP COM 12.007 69 18.130 423011 ADAPTEC INC, COMMON STOCK 8,186 91 10.086 851922 ADC TELECOMMUNICATIONS INC COM NEW 1 1.682 88 1 1.935 621833 ADIDAS AG 63.908.66 49.765 95445 ADMINISTAFF INC COM 10,734 22 10.497 551780 ADOBE SYS INC COM 63.962 76 65.468 403343 ADR ABB LTD SPONSORED ADR 77.724 75 63.851 307890 ADR ABB LTD SPONSORED ADR 151.870 81 150.699 00

Statement 18 Page 3

2009 Federal Statements

Client REES-JONE THE Rees-Jones Foundation

20-5132900

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

9925 ADR AEGON N V NY REGISTRY SHS SHS 179,827.76 63.619 25

5616 ADR AIR LIQUIDE ADR 148,316.88 134,166.24

42350 ADR ARM HLDS PLC SPONSORED ISIN US0420681068 323,640.78 362,516.0012570 ADR ASML HOLDING NV NY REGISTERED SHS 401,478.46 428,511.30

3090 ADR AUSTRALIA & NEW ZEALAND BKG GROUP LTD SPONSORED ADR 84,273 57 63,345 008125 ADR AXA SA SPONSORED ADR 296,944 10 192,400.00800 ADR BAE SYS PLC SPONSORED ADR 30,168.00 18.544 00

3682 ADR BANCO BILBAO VIZCAYA ARGENTARIA S A SPONSORED ADR 81,058.08 66,423.28

3595 ADR BARCLAYS PLC AMERICAN DEPOSITARY RECEIPT 135,763.74 63.272.00

353 ADR BG PLC ADR FINAL INSTALLMENT NEW 44.619 20 31,946 50

1525 ADR BHP BILLITON LTD SPONSORED ADR 128,630 85 1 16,784 5013992 ADR BHP BILLITON LTD SPONSORED ADR 1.026,514.68 1,071,507 365534 ADR BHP BILLITON PLC SPONSORED ADR 334.828 27 353,345 905542 ADR CANON INC ADR REPSTG 5 SHS 291.445 71 234,537 44

4300 ADR CHINA LIFE iNS CO LTD SPONSORED ADR REPSTG H SHS 314,576.58 315.405 005697 ADR COCA-COLA HELLENIC BOTTLING CO S A SPONSORED ADR 233,784.84 131.144 94

3780 ADR CREDIT SUISSE GROUP SPONSORED ADR ISIN US225401 1081 179,070 74 185.824.80

4860 ADR CRH PLC ADR 200,724 74 132.823 80

41 13 ADR DANONE SPONSORED ADR 71,422.25 50.137.47

12225 ADR DANSKE BK A/S ADR 236.163 25 138,142 50ADR EMBRAER-EMPRESA BRASILEIRA DE AERONAUTICA S A

2840 SPONSORED ADR REPSTG PF 131.581 98 62.792 40

2730 ADR ENI S P A SPONSORED ADR 201.870 28 138,165 30ADR ERICSSON L M TEL CO ADR CL B SEK 10 NEW ERICSSON L M TEL

11760 CO ADR 143,031 00 108,074 40

3920 ADR FRANCE TELECOM 124,419 23 98.940.80

2480 ADR GLAXOSMITHKLINE PLC SPONSORED ADR 123,718.77 104,780 00ADR HITACHI LTD AMERICAN DEPOSITARY RECEIPT FOR 10 COMMON

1 146 STOCK 79,920 44 35.159 28

3279 ADR HSBC HLDGS PLC SPONSORED ADR NEW 275.279 70 187.19811

2979 ADR HS13C HLDGS PLC SPONSORED ADR NEW 189,306 82 170,071

903 ADR IBERDROLA S A SPONSORED ADR REPSTG IORD SHS 56,721 95 34.178 55

7914 ADR ICICI BK LTD 281.589 77 298.436.94

647 ADR IMPERIAL TOB GROUP PLC SPONSORED ADR 49,719 56 41.006 86

5595 ADR INC GROEP N V SPONSORED ADR 190,663 55 54.886 95

1400 ADR KOMATSU LTD SPONSORED ISIN US5004584018 174.599 31 1 16.970 005727 ADR LUXOTTICA GROUP S P A SPONSORED ADR 196,915 58 147,069 36

2904 ADR MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A 88.338 17 98.503 68

19930 ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 215,127 97 98.055 60

1987 ADR NOKIA CORP SPONSORED ADR 50.628 76 25.532.95

12207 ADR NOVARTIS AG 606,486 70 664.427 01

1713 ADR PANASONIC CORP ADR ADR 38;962.88 24.581 55

30100 ADR RECKITT BENCKISER GROUP PLC ADR ADR 270.738 03 326;585.00

575 ADR RIO TINTO PLC SPONSORED ADR 195,023 21 123.849 25

71 15 ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104 295.024 82 300.253.00

2665 ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS 212.049.98 160.193 15

2739 ADR RYANAIR HLDGS PLC SPONSORED ADR 120,586 52 73.459 98

10270 ADR SABMILLER PLC SPONSORED ADR 213.747 05 303.478 50

11883 ADR SANDVIK AB ADR 217.762.20 143.546 64

632 ADR SIEMENS AG COM DM50 (NEW) 82,789 54 57.954 40

9930 ADR SOCIETE GENERALE FRANCE SPONSORED ADR 194,918 77 139.51650

Statement 18 Page 4

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

4995 ADR SOCIETE GENERALE FRANCE SPONSORED ADR 115,819.12 70,179 751567 ADR SYNGENTA AG SPONSORED ADR 97,567.54 88,175.092005 ADR TELEFONICA S A SPONSORED 148,565.85 167,457.602975 ADR TENARIS S A SPONSORED ADR 151,873.12 126,883.752080 ADR TESCO PLC SPONSORED ADR 59,623.20 42.785 6019533 ADR TEVA PHARMACEUTICAL INDS 1,089,484.33 1.097.363 945290 ADR TEVA PHARMACEUTICAL INDS 235,616.76 297,192 205611 ADR TNT N V SPONSORED ADR 224,832 38 172.818.801040 ADR TOKIO MARINE HLDGS INC ADR COM STK 42,536 00 28.298.403226 ADR TOTAL SA 258.955.54 206.593 042900 ADR VALES A ADR 116.145 00 84,187 004313 ADR VEOLIA ENVIRONNEMENT SPONSORED ADR 207.512.48 141,811442010 ADR VESTAS WIND SYS A/S UNSPONSORED ADR REPSTG 3 ORD SHS 49.830 36 40,803.005830 ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR 155.814 52 134,614.701691 ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR 61,309 18 39.045 191001 ADTRAN INC COM 21,324.80 22.572 551 129 ADVANCE AMER CASH ADVANCE CTRS INC COM STK 5,10297 6.277.24324 ADVANCE AUTO PTS INC COM 13.633 89 13.115 521612 ADVANCED ANALOGIC TECHNOLOGIES INC COM 7,413.08 6.351 281411 ADVANCED BATTERY TECHNOLOGIES INC COM COM 5.672.22 5.644 00810 ADVANCED ENERGY INDS INC COM 7.85700 12,214 801898 ADVANCED MICRO DEVICES. INC., COMMON STOCK, $ 01 PAR 8,778.02 18,372 64305 ADVENT SOFTWARE INC COM STK 10,160 77 12.422 65390 ADVISORY BRD CO COM 9,94789 11,957 40322 AECOM TECHNOLOGY CORP DELAWARE COM 10,143 00 8.85500230 AEROPOSTALE COM 8,098 28 7.831 50316 AEROVIRONMENT INC COM 10.154.00 9.18928

2265 AES CORP COMMON STOCK 44,869 84 30.147 151519 AETNA INC 46,571.18 48.152 30989 AFC ENTERPRISES INC COM 6,922 99 8,070 24141 AFFILIATED MANAGERS GROUP INC COM STK 5,235 96 9,49635366 AFFYMAX INC COM 6,771 00 9,054.841605 AFFYMETRIX INC OC-CAP STK 9.678 15 9,373 201 108 AFLAC INC COMMON STOCK 68,500 77 51,245 001811 AFLAC INC COMMON STOCK 85.543 55 83.758 75315 AGCO CORP COMMON STOCK 9.251.52 10,187 10844 AGFEED INDS INC COM STK 4,928.96 4.220 00

1 166 AGILENT TECHNOLOGIES INC COM 27.265.14 36.227 62242 AGL RES INC COM 7,842.72 8.825 74466 AGREE RLTY CORP COM 9,988 36 10,853.14263 AIR METHODS CORP COM NEW COM NEW 7.501 86 8.84206713 AIR PRODUCTS AND CHEMICALS. INC., COMMON STOCK. $1 PAR 58,131 42 57,795 781916 AIR TRANS SVCS GROUP INC COM STK 5.07740 5,058 241096 AIRCASTLE LIMITED COM STK 8.384 29 10.795 60277 AIRGAS INC COM 11.273 87 13.185 20

2386 AIRTRAN HLDGS INC COM 15.389.46 12.454 92372 AK STL HLDG CORP COM STK PAR $0 01 10,698.07 7,942 20601 AKAMAI TECHNOLOGIES INC COM STOCK 13,032.34 15.223.33724 ALASKA AIR GROUP INC COM 13.531.52 25.021 441192 ALASKA COMMUNICATIONS SYS GROUP INC COM ISIN USOI 167P1012 12,868.43 9.512 16654 ALBANY INTL CORP NEW CL A 4,921.99 14,688 84311 ALBEMARLE CORP COM 8.057 98 11,311.07

Statement 18 Page 5

2009 Federal Statements

Client REES-JONE THE Rees-Jones Foundation

20-5132900

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

290 ALBERTO-CULVER CO NEW COM STK 7,481 33 8.494 103472 ALCOA INC COM STK 84,794 24 55.968 641030 ALCON INC COM CHFO.20 168,096.22 169.280.50140 ALEXANDER & BALDWIN INC COM 3,568.60 4,792 2041 ALEXANDERS INC COM REIT FUND 12,302 47 12.481 22140 ALEXANDRIA REAL ESTATE EQUITIES INC COM 5,07720 9,000.60273 ALEXION PHARMACEUTICALS INC COM 10,231.60 13.327 86

1 160 ALIGN TECHNOLOGY INC COM 12,481.60 20.671 201880 ALKERMES INC COM 20,977.38 17.690 80

19 ALLEGHANY CORP DELAWARE COMMON STOCK 5.13285 5.24400576 ALLEGHENY ENERGY INC COM 19.538.40 13,524 48333 ALLEGHENY TECHNOLOGIES INC COM 8.389.23 14,908.41306 ALLEGIANT TRAVEL CO COM 1 1,930 94 14,434 021035 ALLERGAN INC COM STOCK 63,51 1.00 65,215 35528 ALLETE INC COM NEW 15,633.08 17.255.04198 ALLIANCE DATA SYS CORP COM 8,222.92 12.788.82225 ALLIANCE FINL CORP COM 6,46650 6,108.75

3498 ALLIANCE ONE INTL INC COM 15.000 46 17.070 24430 ALLIANT ENERGY CORP COM ISIN #US0188021085 12,373.94 13.01180196 ALLIANT TECHSYSTEMS INC COM 15,776.34 17.300 92

9714 ALLIANZ SE ADR EACH REP 1/10 ORD SHS 202,090.83 120.939.302305 ALLIED HEALTHCARE INTL INC COM 4.90965 6.707 551002 ALLIED NEV GOLD CORP COM STK 8.27642 15,110 16148 ALLIED WORLD ASSURANCE COM STK 6,09907 6.81836

ALLIS-CHALMERS ENERGY INC FORMERLY ALLISCHALMERS MFG CO2165 TO 05/28/1971 & FORMERLYAL 5.36900 8.162051398 ALLOS THERAPEUTICS INC COM ISIN US019777I01 11,61598 9.18486213 ALLSCRJPT-MISYS HEALTHCARE SOLUTIONS INC 3,392.11 4,308991823 ALLSTATE CORP COMMON STOCK 50.112 93 54,762.92130 ALMOST FAMILY INC COM 5,086.12 5,13890717 ALNYLAM PHARMACEUTICALS INC COM 16,169 13 12,633 54372 ALPHA NAT RES INC COM STK 9,478.71 16.137.36997 ALTERA CORP COM 16,788.49 22,562 11944 ALTRA HLDGS INC COM 7.423 62 11.658 407025 ALTRIA GROUP INC COM 144.242 42 137,900 75339 AMAG PHARMACEUTICALS INC COM STK 19.091 12 12,892 17

13531 AMAZON COM INC COM 1.799,666 64 1.820,190 12497 AMB PPTY CORP REIT 12,923 51 12.698 35

7398 AMBAC FINANCIAL GROUP COMMON STK 10,609 92 6.14034558 AMBASSADORS GROUP INC COM 7,78034 7.41582542 AMCOL INTL CORP COM 12.008 88 15.403 64657 AMDOCS ORD GBPO 01 14,132 06 18,744 21545 AMEDISYS INC COM 18.682 55 26.465.20224 AMERCO COM 7.158 66 11.13728726 AMEREN CORP COMMON STOCK 19.517.19 20,291 70367 AMERICA SVC GROUP INC COM 5.982.06 5.824 291454 AMERICAN AXLE & MANUFACTURING HOLDINGS INC 5,147 01 11.661081039 AMERICAN CAMPUS CMNTYS INC COM 24,012 12 29.195 90251 AMERICAN CAP AGY CORP COM REIT FUND 6,94795 6.661 54

5834 AMERICAN CAP LTD COM STK 18,559 00 14,234 96183 AMERICAN DAIRY INC COM STK 6.854 27 3.967 44622 AMERICAN EAGLE OUTFITTERS INC NEW COM 9,828.34 10.561 56

Statement 18 Page 6

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

1620 AMERICAN ELECTRIC POWER CO., INC.. COMMON STOCK, $6.50 PAR 43,620 17 56.359 801478 AMERICAN EQUITY INVT LIFE HLDG CO COM 12,640 21 10.996 323448 AMERICAN EXPRESS CO., COMMON STOCK, $ 60PAR 141,309.62 139.712.96226 AMERICAN FINL GROUP INC OHIO COM STK 4,765 66 5.638.70990 AMERICAN GREETINGS CORP., CLASS A, COMMON STOCK, $1 PAR 13,154 76 21.572 10382 AMERICAN INTERNATIONAL GROUP INC COM 3.613.38 11,452 36459 AMERICAN ITALIAN PASTA CO CL A 13.636 84 15,968 611469 AMERICAN MED SYS HLDGS INC COM STK 23.212.29 28.337 01

55 AMERICAN NATIONAL INSURANCE CO.. COMMON STOCK, $1 PAR 3,389 10 6.569201434 AMERICAN ORIENTAL BIOENGINEERING INC COMSTK 7.61454 6,668.10

280 AMERICAN PHYSICIANS SVC GROUP INC COM COM 6,322 40 6.45960406 AMERICAN PUB ED INC COM STK 15.829.94 13.950 16864 AMERICAN REPROGRAPHICS CO COM 7,545 44 6,056.64540 AMERICAN SAFETY INS HLDGS LTD 7,554 60 7,803.00208 AMERICAN SCIENCE & ENGR INC COM 10.746 86 15.774 72978 AMERICAN SOFTWARE INC CL A 5,705 65 5.868 00368 AMERICAN STS WTR CO COM 12.997 73 13.030 88864 AMERICAN SUPERCONDUCTOR CORP SHS 24,714 41 35.337 601509 AMERICAN TOWER CORP CL A 60.81 1 58 65.203 89497 AMERICAN VANGUARD CORP COM 5.879 46 4.125 10

323 AMERICAN WOODMARK CORP COM 7.81 1 74 6.356.64791 AMERICAN WTR WKS CO INC NEW COM 15.499 48 17.726 31

308 AMERICAS CAR-MART INC COM 6.436 40 8.10964306 AMERICREDIT CORP COM 4,303 58 5.826 24852 AMERIGON INC COM 5.322 50 6.764 88980 AMERIGROUP CORP COM 26,626.50 26.420 80745 AMERIPRISE FINL INC COM 29.114 53 28.920 90581 AMERISAFE INC COM 9,06244 10.440 571026 AMERISOURCEBERGEN CORP COM 18.092.74 26.747 82

536 AMERISTAR CASINOS INC COM STK USDO 01 10,393 04 8,163.28184 AMERON INTL CORP DEL COM 10.376.19 1 1.676 64351 AMETEK INC NEW COM 10,927 60 13.422.24

3440 AMGEN INC COMMON STOCK 185,964 23 194.600 802174 AMKOR TECHNOLOGY INC COM 10,412 16 15.565 84

235 AMPCO-PITTSBURG CORP COM 5.713 79 7.409 55582 AMPHENOL CORP NEW CL A 19.312 76 26,876 761244 AMR CORP, COMMON STOCK, $I PAR 5.160.49 9,616 12

687 AMSURG CORP COM 15,127 74 15,127 74527 AMYLIN PHARMACEUTICALS INC COM 9,884.07 7,478.13

1696 ANADARKO PETROLEUM CORP, COMMON STOCK 98,987 38 105.864 32

1602 ANADIGICS INC COM 6,678 69 6.760 44

990 ANALOG DEVICES, INC. COMMON STOCK. $ 16 2/3 PAR 25.711 68 31.264 20

293 ANALOGIC CORP COM PAR $0 05 11;066 59 1 1.283 43

474 ANAREN INC COM 8,541 48 7.133 70406 ANDERSONS INC COM 11,75152 10.482 92

627 ANGIODYNAMICS INC COM STK 8,619.30 10.082 16

544 ANIXTER INTL INC COM 23.797 90 25.622 40

1850 ANNALY CAPITAL MANAGEMENT INC COM 28.267 82 32,097 501294 ANNTAYLOR STORES CORP COM 10.829 26 17.650 16298 ANSYS INC COM 13,651 73 12.951 082022 ANWORTH MTG ASSET CORP COM 14,659.50 14.154 00

369 AOL INC COM STK 6,721 73 8,590 32

Statement 18 Page 7

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuanti ty Description Cost Market Value

941 AON CORP COMMON STOCK 36,690 95 36,077.941 139 APACHE CORP., COMMON STOCK, $1.25 PAR 121,250 77 117,510 63738 APARTMENT INVT & MGMT CO CL A 10,457.46 11,748.96671 APOGEE ENTERPRISES INC, COMMON STOCK $ 33-1/3 PAR 8,867.45 9.394.00451 APOLLO GROUP INC CL A 28.236 88 27,321.582916 APOLLO INVT CORP COM SH BEN INT 18.304 66 27.789 4810989 APPLE INC 2.172,201.20 2.317,140 54

841 APPLIED INDL TECHNOLOGIES INC COM 16.820 00 18,560 874517 APPLIED MATERIALS. INC., COMMON STOCK, $ 01 PAR 65,025 69 62,966 981319 APPLIED MICRO CIRCUITS CORP COM NEW STK 11,000.32 9.85293390 APPLIED SIGNAL TECHNOLOGY INC COM 10,061 99 7.523 10211 APTARGROUP INC COMMON STOCK $0.01 PAR 9,166 05 7.541 14461 AQUA AMER INC COM 8.201 14 8,072 11624 ARBITRON INC COM 7,97033 14.614.08177 ARCH CAPITAL GROUP COM STK 10.628 14 12.664.35499 ARCH CHEMICALS INC COM 12.245 46 15.409 12491 ARCH COAL INC COM 7.551 38 10,924.75

2182 ARCHER-DANIELS-MIDLAND CO.. COMMON STOCKNO PAR 60.337 06 68,318 42367 ARCSIGHT INC STK 6.341 03 9.38786387 ARDEA BIOSCIENCES INC COM STK 6,271 27 5.418001790 ARENA PHARMACEUTICALS INC COM ISIN US0400471027 8,892 72 6.35450709 ARENA RES INC COM 22,305 07 30.572 081933 ARES CAP CORP COM 15,549 67 24.065 85613 ARGO GROUP INTERNATIONAL HOLDINGS COM STK 17.715 65 17.862 823145 ARIAD PHARMACEUTICALS INC COM 4.998.98 7.170 601739 ARIBA INC COM NEW 17,486 63 21.772 28200 ARKANSAS BEST CORP DEL COM 6,741 20 5,886 00

1 179 ARQULE INC COM 7.373 05 4.350511593 ARRAY BIOPHARMA INC COM 5,174 75 4.476.332465 ARRIS GROUP INC COM 28,571 47 28.174 95407 ARROW ELECTRONICS, INC. COMMON STOCK, $1 PAR 8.783.02 12.051 27407 ARROW FINL CORP COM 10.025 30 10.175 002799 ART TECHNOLOGY GROUP INC OC-COM ISIN US042891-107 10.944 09 12.623 49466 ARTIO GLOBAL INVS INC COM CL A COM CL A 1 1.705 87 11.878.341291 ARUBA NETWORKS INC COM 11.19039 13.762.061645 ARVINMERITOR INC COM STK ISIN# US0433531011 7,12285 18.391 10735 ASBURY AUTOMOTIVE GROUP INC COM 7.541 03 8.474 55389 ASCENT MEDIA CORP COM SER A STK 9.998 15 9.931 17640 ASCENT SOLAR TECHNOLOGIES INC COM 5,048 77 3.392 001401 ASHFORD HOSPITALITY TR INC COM SHS 5,265 77 6.50064252 ASHLAND INC NEW COM 6.807 12 9.984 24581 ASIAINFO HLDGS INC COM 9,92929 17.703 07281 ASPEN INSURANCE HLDGS COM 6.552 83 7.15145400 ASSOCIATED BANC-CORP ; COMMON STOCK. $1 PAR 4,902 96 4.404 001547 ASSOCIATED ESTATES RLTY CORP COM 10.210 03 17,434 69401 ASSURANT INC COM 14.365 11 11.82148

2423 ASSURED GUARANTY LTD COMMON STK 34.666.67 52.724 48361 ASTEC INDS INC COM 11,043 15 9.725341702 ASTORIA FINL CORP COMMON STOCK 14.100 55 21.155 86

19576 AT&T INC COM 632.278 01 548.715 28549 ATC TECHNOLOGY CORP COM 8.12469 13,093 65667 ATHENAHEALTH INC COM MON STOCK 24.134 73 30.17508

Statement 18 Page 8

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

1215 ATHEROS COMMUNICATIONS INC COM 23.788 70 41,601 60229 ATLANTIC TELE-NETWORK INC COM NEW 9.150.84 12,597.29399 ATLAS AIR WORLDWIDE HLDGS INC COM NEW STK 9,663.78 14.862.751022 ATLAS ENERGY INC COM STK 21,334.99 30,833.741341 ATMEL CORP COMMON STOCK 5.055.55 6.182.01730 ATMI INC COM 11.918.57 13.592.60200 ATMOS ENERGY CORP COM 5,15948 5,880 00786 ATP OIL & GAS CORP COM 5,43794 14,368 08201 ATWOOD OCEANICS INC COM 5.030.19 7.20585776 AUTODESK INC, COMMON STOCK 17.404 37 19.718.16290 AUTOLIV INC COM STK 5.49440 12.574.401724 AUTOMATIC DATA PROCESSING INC COM 63,284.61 73,821.68289 AUTONATION INC DEL COM 5,154.98 5.53435143 AUTOZONE INC COMMON STOCK 20,084 54 22,604 01850 AUXILIUM PHARMACEUTICALS INC COM 26.646.28 25.483.00272 AVALONBAY CMNTYS REIT 20.554 02 22,333.92

2253 AVANIR PHARMACEUTICALS INC 4.143 27 4.28070383 AVERY DENNISON CORP COMMON STOCK 11.14296 13.975 67

3165 AVI BIOPHARMA INC COM 5.063 72 4.620.90657 AVID TECHNOLOGY INC COM 12.074 08 8.383 32

2025 AVIS BUDGET GROUP INC COM STK 11.927.05 26.568.001088 AVISTA CORP COM ISIN 4 US05379B1070 19,616 63 23.489 92514 AVNET, INC, COMMON STOCK, $1 PAR 14.899 99 15.502 241451 AVON PRODUCTS INC COM USDO 25 41,623.35 45.706.50834 AVX CORP COMMON STOCK 10.049 62 10.566 78483 AXIS CAPI"I'AL HOLDINGS LTD COM USDO.0125 13.580.56 13.722 03286 AZZ INC COM 10.318 48 9.352.20333 BADGER METER INC COM 14.364 62 13,260 061053 BAKER HUGHES INC, COMMON STOCK 38,423 86 42.625 44188 BAKER MICHAEL CORP COM 8.010.38 7.783 20442 BALCHEM CORP COM 11,11075 14.81142927 BALDOR ELEC CO COM 22.831 92 26.039 43413 BALDWIN & LYONS INC CL B 8.443 31 10.163.93320 BALL CORP. COMMON S"I'OCK, $2 50 PAR 15,372 60 16.544 001084 BALLY TECHNOLOGIES INC COM SFK 34.900 39 44.758 36739 BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA 9,281.26 10,272 10244 BANCORPSOUTH INC COM 5.067.37 5.724 24163 BANK HAWAII CORP COM 5.86961 7.670 78287 BANK MARIN BANCORP COM STK 8 146 78 9.344 721341 BANK MUT CORP NEW COM STK 12.146 46 9.279724062 BANK NEW YORK MELLON CORP COM STK 123.379 42 113.6141430549 BANK OF AMERICA CORP 547,547 43 460.067 94

228 BANK OF THE OZARKS INC COM 5.760.31 6,673.56930 BANKFINANCIAL CORP COM 8,450 07 9,207 00127 BARNES & NOBLE INC COM 2.27053 2,421 89927 BARNES GROUP INC COM 11.164 08 15.666 30693 BARRETT BILL CORP COM STK 19.369.28 21.559 23741 BASIC ENERGY SVCS INC NEW COM 4.904.23 6,59490

2056 BAXTER INTL INC COMMON STOCK 1 19.875 99 120.646 082198 BB&T CORP COM 60.199 38 55.763 261003 BEACON ROOFING SUPPLY INC COM 16.005 12 16,048 00247 BECKMAN COULTER INC COM 14.054.28 16,163.68

Statement 18 Page 9

2009 Federal Statements

client REES-JONE THE Rees-Jones Foundation

20-5132900

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

6374 BECTON. DICKINSON AND CO., COMMON STOCK,$I PAR 506.826 00 502,653 64645 BECTON, DICKINSON AND CO., COMMON STOCK,$I PAR 52,272 12 50,864 70887 BED BATH BEYOND INC COM 27,455.41 34,264 81927 BELDEN INC COM 28,284.65 20,319.842290 BELO CORP 4,190.47 12.457 60199 BEMIS CO. INC, COMMON STOCK, $10 PAR 5,003 86 5,90035

1299 BENCHMARK ELECTRS INC COM 19,282 15 24.564 09654 BENEFICIAL MUT BANCORP INC COM STK 6,121 37 6.435.36457 BERKLEY W R CORP COM 10,377.96 11,260 48521 BERKSHIRE HILLS BANCORP INC COM 11,11049 10,774 28852 BERRY PETE CO CL A CL A 16.307 21 24,835 80

1 145 BEST BUY, INC, COMMON STOCK 38,145 93 45,181 701733 BGC PARTNERS INC CL A CL A 6,715 83 8,00646632 BIG 5 SPORTING GOODS CORP COM 6.945 62 10.857 76361 BIG LOTS INC COM 9,941 90 10,461.7867 BIO RAD LABS INC CL A 5,086 64 6.462 82

466 BIOCRYST PHARMACEUTICALS INC COM 5.433 56 3.01036981 BIOGEN IDEC INC COM STK 47,562.86 52.483 50570 BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010 10.065 29 10.721 701951 BIOMED RLTY TR INC COM 20.535.18 30.786.78310 BIO-REFERENCE LABS INC COM PAR $0 01 NEW 9,910 30 12.148 90

1 131 BIOSCRIP INC COM 6,582.31 9.455 16524 BJS RESTAURANTS INC COM 8,841 62 9,861 68186 BJS WHSL CLUB INC COM STK 6,26660 6.08406398 BLACK BOX CORP DEL COM 13.352.90 1 1.279 32772 BLACK HILLS CORP COM 18,340.72 20,558 36981 BLACKBAUD INC COM 1 1,362 85 23.181 03630 BLACKBOARD INC COM 18.029 59 28.595 70104 BLACKROCK INC COM STK 16,931 43 24.148 80

1 154 BLOCK. H & R. INC. COMMON STOCK, NO PAR 20,899.61 26.103 48913 BLOUNT INTL INC NEW COM 8.198 74 9.221 30786 BLUE COAT SYS INC COM NEW 12.968.92 22.432 44283 BLUE NILE INC COM 12.123 67 17.922 39153 BLYTH INC COM NEW COM NEW 5.303 85 5.159 16629 BMC SOFTWARE INC COM STK 20,315 94 25.222 901055 BMP SUNSTONE CORP COM STK 5,134.83 6.002 95611 BOB EVANS FARMS INC COM 18,154 00 17.688 45

2468 BOEING CO COM 142.873 55 133.592 84222 BOK FINL CORP COM NEW 10.279.82 10.549 44554 BOLT TECHNOLOGY CORP COM 6.323 86 6.105 08

3598 BOOTS & COOTS INC 4,999 89 5.936 701726 BORDERS GROUP INC COM STK 7.216 1 1 2.036 68396 BORG WARNER INC COM 13.733 26 13.155 12413 BOSTON PPTYS INC 28.377 19 27.699 911731 BOSTON PRIVATE FINL HLDGS INC COM 7.78950 9.9878751 18 BOSTON SCIENTIFIC CORP COM 37.019.79 46.062 00793 BOTTOMLINE TECHNOLOGIES DEL INC COM 7.263 86 13.933 01856 BOVIE MED CORP COM STK 7.739 90 6.685 36790 BOWNE & CO INC COM 5.564 30 5.277 20

1'007 BOYD GAMING CORP COM 11.16753 8.428 591534 BPZ RESOURCE INC 7,74570 14,573 00953 BRADY CORP CL A 24.967 46 28,599 53

Statement 18 Page 10

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part It , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

672 BRANDYWINE RLTY TR SH BEN INT NEW REIT 5.207.50 7.660.80211 BRE PPTYS INC COM CL A 5,078.75 6,979 88991 BRIGGS & STRATTON CORP., CAPITAL STOCK, $3 PAR 13,328.95 18,541 61

2047 BRIGHAM EXPL CO COM 7,102 07 27,736 851024 BRIGHTPOINT INC COM NEW 6,594.56 7.52640347 BRINKER INTL INC COM 6,249.47 5.177 24155 BRINKS CO COM STOCK 4,70238 3,772.70

14964 BRISTOL MYERS SQUIBB CO COMMON STOCK 386,071.20 377,841 006730 BRISTOL MYERS SQUIBB CO COMMON STOCK 155,325 54 169.932.50580 BRISTOW GROUP INC COM 17,760.60 22,301 001670 BROADCOM CORP CL A 37.833 33 52,521 50585 BROADPOINT GLEACHER SECS GROUP INC COM STK 5.05975 2.609.10477 BROADRIDGE FINL SOLUTIONS INC COM STK 8.041.24 10,761 12712 BROADWIND ENERGY INC COM STK 8.058.68 5,76008

1 135 BROCADE COMMUNICATIONS SYS INC COM NEW STK 4,659.35 8,660051547 BROOKLINE BANCORP INC DEL COM BROOKLINE BANCORP INC + 14,851 20 15,330 771576 BROOKS AUTOMATION INC COM 7,42096 13.522 08397 BROWN & BROWN INC COM 7.87598 7.13409974 BROWN SHOE CO INC COM 9,85042 9.613.38

BROWN-FORMAN INC, CLASS B. NON-VOTING COMMON STOCK. $ 30307 PAR 14.023 53 16.445.99973 BRUKER CORP 9,36707 1 1.734 381755 BRUNSWICK CORP, COMMON STOCK NO PAR 4,462 74 22.306 05484 BRUSH ENGINEERED MATLS INC HOLDINGS CO COM 8,093 54 8.973 361114 BUCKEYE TECHNOLOGIES INC COM 5,58849 10.872 64508 BUCKLE INC COM 16,135 16 14.874 24242 BUCYRUS INTL INC NEW COM CL A 10,240 56 13.641 54358 BUFFALO WILD WINGS INC COM STK 1 1,862 37 14,416.66386 BUNGE LIMITED 24,694 25 24.638 38362 BURGER KING I-ILDGS INC COM 6,28790 6,81284576 C H ROBINSON WORLDWIDE INC COM NEW COM NEW 31,541 58 33,828 48338 C R BARD 27.242 92 26,330 201335 CA INC COM 24.547.82 29.984 10794 CABELAS INC COM STK 9.81376 11.322.44797 CABLEVISION NY GROUP CL A COM 16.737 96 20,578 54398 CABOT CORP. COMMON STOCK. $1 PAR 5,15407 10.439 54466 CABOT MICROELECTRONICS CORP COM 13.784 09 15.359 36353 CABOT OIL & GAS CORP COM 11,21128 15.387 27547 CACI INTL INC CL A CL A 22,031.82 26.720 95758 CADENCE DESIGN SYS INC COM 5,16998 4.54042600 CADENCE PHARMACEUTICALS INC COM 6-09498 5.80200962 CADIZ INC COM NEW STK 9.32653 11,51514892 CAL DIVE INTL INC DEL COM 7,804 98 6.743 52331 CAL MAINE FOODS INC COM NEW STK 8.490 15 1 1.280 48477 CALAMOS ASSET MGMT INC CL A COM STK 6.79725 5.49981391 CALAVO GROWERS INC COM 7,917 71 6.647001089 CALGON CARBON CORP COM 15.028 19 15.137 10391 CALIFORNIA WTR SVC GROUP COM 14.728 85 14,396 621576 CALLAWAY GOLF CO COMMON STOCK 11.146 59 1 1.883 041 138 CALPINE CORP COM NEW STK 13.132.41 12.518 001214 CAMBREX CORP COM 5.335.53 6,774 12277 CAMDEN NATL CORP COM 9,580 88 9.057 90

Statement 18 Page 11

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

199 CAMDEN PPTY TR SH BEN INT 5.55009 8.431 63738 CAMERON INTL CORP COM STK 28,127.57 30,848.40669 CAMPBELL SOUP CO COM 21,415 09 22,612.201075 CANADIAN PAC RY LTD COM CANADIAN PACIFICRAILWAY LTD 72.305.25 58,050 00290 CAPELLA ED CO COM 14,058 71 21,837.001535 CAPITAL ONE FINANCIAL COMMON STOCK 61,292.40 58.851.90

85 CAPITAL SOUTHWEST CORP COM STK 6,297 65 6,698.001025 CAPITALSOURCE INC REIT 5,012.15 4.069.251 145 CAPLEASE INC COM 5,287.03 5,015 101264 CAPSTEAD MTG CORP COM NO PAR COM NO PAR 16.090 72 17.253.602368 CARACO PHARMACEUTICAL LABS INC 6.770.69 14,302.72384 CARBO CERAMICS INC COM 13,185 48 26.177.281043 CARDINAL FINL CORP COM 8.229 17 9,115.821224 CARDINAL HEALTH INC 41.383.88 39,461.76550 CARDIONET INC COM STK 5,31 1 90 3.267.00249 CAREER ED CORP COM 6,129 73 5.804 19612 CAREFUSION CORP COM 11,51690 15.306 12208 CARLISLE COMPANIES INC COMMON STOCK $1 00 PAR 5,16670 7.12608749 CARMAX INC COM 11,055 17 18.163 251489 CARNIVAL CORP COM PAIRED 52,202 74 47.186 41555 CARRIZO OIL & GAS INC COM 9.643.90 14,701 95

1 128 CARTER INC FORMERLY CARTER HLDGS INC TO 09/13/2003 COM 19,902.90 29,610.001012 CASEYS GEN STORES INC COM 27,102.23 32.303 04588 CASH AMER INVTS INC COM 22.332 58 20.556 48253 CASS INFORMATION SYS INC COM 9,18943 7,691 20730 CATALYST HEALTH SOLUTIONS INC COM STK 18.388 70 26.623 10

2045 CATERPILLAR INC, COMMON STOCK. NO PAR 131,406 10 1 16.544 551 134 CATHAY GENERAL BANCORP INC COM 11.090 52 8.561 70650 CATO CORP NEW CL A CL A 11,688 00 13.039 00344 CAVCO INDS INC DEL COM STK 9.332 13 12.356 48818 CAVIUM NETWORKS INC COM 14.09311 19,492 94744 CB RICHARD ELLIS GROUP INC CL A CL A 6,688 56 10.096 08461 CBEYOND. INC 6.75749 7.260 75

3000 CBL & ASSOC PPTYS INC COM 22.051 90 29,010 001853 CBS CORP NEW CL B 26.238.29 26,034 65458 CEC ENTMT INC COM 14,001.12 14.619 361076 CEDAR SHOPPING CTRS INC COM NEW COM NEW 5.889 16 7.31680835 CELADON GROUP INC COM 7.464.82 9.059 75542 CELANESE CORP DEL COM SER A STK 12,547 02 17,398 201807 CELERA CORP COM STK 23,243 68 12.486 371564 CELGENE CORP COM 83.71161 87.083 52857 CENTENE CORP DEL COM 17.356 82 18.142 69

1 187 CENTERPOINT ENERGY INC COM 18,957 02 17.223 37486 CENTERSTATE BANKS INC 4,994 08 4.903 74

2996 CENTRAL EUROPEAN DISTR CORP COM STK 137.224 48 85,1 16 361357 CENTRAL GARDEN & PET CO CL A NON-VTG STK 14,229 50 13.488 58540 CENTRAL VT PUB SVC CORP COM 10.212 80 1 1.232 00905 CENTURY ALUM CO COM 5.555 34 14.651 95

2063 CENTURYTEL INC COM STK 78.177 46 74,701 231348 CENVEO INC COM 5,70204 1 1.795 00251 CEPHALON INC CON 14.818 98 15.664 911153 CEPHEID INC COM 6,49969 14.38944

Statement 18 Page 12

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

514 CERADYNE INC DEL COM 9,302.55 9,873.94228 CERNER CORP COM 14,355.38 18.796.32927 CEVA INC COM 8,331 98 11.921.2240 CF INDS HLDGS INC COM 5,167.95 3,631.20378 CH ENERGY GROUP INC COM 16,569.35 16,072.56225 CHARLES RIV LABORATORIES INTL INC COM 7,559.98 7,580.25

2489 CHARMING SHOPPES INC. COMMON STOCK $.10 PAR 9,30886 16,103.83629 CHART INDS INC COM PAR $0.01 COM PAR $0.01 12.193.79 10,409.95774 CHECKPOINT SYS INC COM STK USDO 10 15,214 26 11.803.50

1 196 CHEESECAKE FACTORY INC COM 9,394.82 25.821 64450 CHEMED CORP NEW COM 16.248 84 21.586 50564 CHEMICAL FINL CORP COM 1 1,562 00 13.299 121878 CHENIERE ENERGY INC COM NEW 6,101 62 4,544 762128 CHESAPEAKE ENERGY CORP COM 52,306 03 55,072 648006 CHEVRON CORP COM 638.030 02 616.381 946811 CHEVRON CORP COM 536,688 36 524,378.89603 CHICOS FAS INC COM 5.95668 8.472 15475 CHILDRENS PL RETAIL STORES INC COM 12,840 30 15,679 75

2278 CHIMERA INVT CORP COM STK 7.960 34 8,838 64295 CHINA FIRE & SEC GROUP INC COM STK 4,933.58 3,991 35931 CHINA HSG & LD DEV INC COM STK 5.204.20 3.845.03776 CHINA SEC & SURVEILLANCE TECHNOLOGY INC COM STK 5,781.12 5.928 64

897 CHINACAST ED CORP COM 6,485.30 6.781.32456 CHINDEX INTL INC COM 5,923.39 6,443.28109 CHIPOTLE MEXICAN GRILL INC COM STK 8.991 85 9,60944

996 CHIQUITA BRANDS INTL INC COM 10,626 74 17,967 84

1003 CHRISTOPHER & BANKS CORP COM 6,799 74 7.642.861 197 CHUBB CORP, COMMON STOCK, $1 PAR 50,226 18 58.868 46

239 CHURCH & DWIGHT INC COM 12,672 30 14,447.55242 CHURCHILL DOWNS INC COM 8,382.88 9,03870

2183 CIBER INC COM 8.357.27 7.531 35

140 CIENA CORP COM NEW COM NEW 4.210.70 1.51760927 CIGNA CORP, COMMON STOCK, 33.622 20 32,695 29

283 CIMAREX ENERGY CO COM 8.281.94 14.990 514274 CINCINNATI BELL INC NEW COM STOCK 12.304 57 14,745 30492 CINCINNATI FINANCIAL CORP . COMMON STOCK, $2 PAR 12,079 79 12,910 08

642 CINEMARK HLDGS INC COM 7.267 38 9.22554447 CINTAS CORP COM 10,347 11 1 1.644 35

400 CIRCOR INTL INC COM 11.91931 10.072 00

1615 CIRRUS LOGIC INC COM 8,591 79 11.423.50

48465 CISCO SYSTEMS INC COMMON STOCK 1,085,516 77 1,160.252 10

331 CITI TRENDS INC COM ORD USD1 8,47260 9.14222

51628 CITIGROUP INC COM 341.988 99 170.888 68463 CITIZENS & NORTHN CORP COM 9.69835 4.417021304 CITIZENS INC CL A 7.931 40 8.515 12

615 CITRIX SYS INC COMMON STOCK 19.898 65 25,590.15

418 CITY HLDG CO COM 12.821 79 13.513 94

147 CITY NATIONAL CORP. COMMON STOCK. $5 PAR 5,35080 6,703 201 154 CKE RESTAURANTS INC COM STK 10.120 46 9,762 841189 CKX INC COM 10,139.03 6.266 031013 CLARCOR INC COM 32.776 89 32.861 72

795 CLEAN ENERGY FUELS CORP COM 7,05841 12.25095

Statement 18 Page 13

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees -Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

367 CLEAN HBRS INC COM 19.917.20 21.876.87265 CLEARWATER PAPER CORP COM STK 6,982.72 14,567.05905 CLEARWIRE CORP NEW CL A CL A 5,230.90 6,117.801059 CLECO CORP NEW COM 24,129 76 28,942.47445 CLIFFS NAT RES INC COM STK 20,918.89 20,510 05341 CLOROX CO., COMMON STOCK, $I PAR 18,867 94 20,801 00470 CLOUD PEAK ENERGY INC COM 6,951 28 6,843.20259 CME GROUP INC COM STK 86,626.26 87,011.05414 CMS ENERGY CORP COMMON STOCK $10 PAR 5,117.00 6.483 2497 CNA FINANCIAL CORP. COMMON STOCK, $2.50 PAR 2,443 43 2,328.00

1079 COACH INC COM 38.932.08 39,415 877865 COCA COLA CO COM 464.011.47 448,305 009521 COCA COLA CO COM 477.503 32 542,697 001050 COCA COLA ENTERPRISES INC COM 16,981 24 22,260.001366 COEUR D ALENE MINES CORP IDAHO COM NEW COM NEW 17.907.30 24,669 961038 COGDELL SPENCER INC COM REIT 4,86578 5,875 081003 COGENT COMMUNICATIONS GROUP INC COM NEW 8,263 01 9.889 58849 COGENT INC COM 9,21038 8 . 821.1913 COGNEX CORP COM 13,348.32 16,178.36993 COGNIZANT TECHNOLOGY SOLUTIONS CORP CL ACL A 40,815 85 44,982.90246 COHEN & STEERS INC COM 5,118.15 5,618.64517 COHERENT INC COM 10,703 57 15,370 41601 COINSTAR INC COM 16,323 16 16,695.781302 COLDWATER CREEK INC COM 8,421 99 5,806921698 COLGATE-PALMOLIVE CO, COMMON STOCK, $1 PAR 141.828 06 139,490.701275 COLLECTIVE BRANDS INC COM STK 18,844.43 29,031 751 149 COLONIAL PPTYS TR SH BEN INT SH BEN INT 8,62648 13.477 77313 COLUMBIA BKG SYS INC COM 4,99861 5,064.34569 COLUMBUS MCKINNON CORP N Y COM 7,616 60 7,772 54

9767 COMCAST CORP NEW-CL A 176.589 28 164,671 62514 COMERICA, INC.. COMMON STOCK, $5 PAR 14,092 16 15,198 98913 COMFORT SYS USA INC COM 9,50408 11,266.42165 COMMERCE BANCSHARES, INC.. COMMON STOCK, $10 PAR 5,067 86 6,388.80383 COMMERCIAL METALS CO COM 5.474.45 5,993 95283 COMMSCOPE INC COM 7,560 60 7,507.99800 COMMUNITY BK SYS INC COM 12.800.32 15.448.00315 COMMUNITY HEALTH SYS INC NEW COM 8.10809 11.21400446 COMMUNITY TR BANCORP INC COM 12,192 25 10.904 70917 COMMVAULT SYS INC COM STK 15,591 34 21,723 731 I 1 COMPASS MINERALS INTL INC COM 6,183 49 7.45809423 COMPELLENT TECHNOLOGIES INC COM STK 6.679 13 9.593 64

1 162 COMPLETE PRODTN SVCS INC COM 7,879.35 15,106.00194 COMPUTER PROGRAMS & SYS INC COM 7,61644 8.933 70515 COMPUTER SCIENCES CORP.. COMMON STOCK, $1 PAR 22,863 87 29,627 95823 COMPUWARE CORP COMMON 5,710.39 5;950.29503 COMSCORE INC COM 6.71225 8.827 65268 COMSTOCK RES INC COM NEW COM NEW 1 1.266 72 10.872 76560 COMTECH TELECOMMUNICATIONS CORP COM NEW 18,215 80 19.628 00497 COMVERGE INC COM 6,033 57 5.586.281520 CONAGRA FOODS INC 30.373.88 35.036.00697 CONCEPTUS INC COM 11,785 22 13,075.72175 CONCHO RES INC COM STK 5,199 23 7.857.50

Statement 18 Page 14

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

856 CONCUR TECHNOLOGIES INC COM 23,149 87 36,594.00680 CONMED CORP COM 10,716.80 15,504.00513 CONNECTICUT WTR SVC INC COM 11,780.05 12,707.01

5034 CONOCOPHILLIPS COM 251,625.67 257,086.3811623 CONOCOPHILLIPS COM 808,369 36 593.586.61614 CONSOL ENERGY INC COM 20,968.10 30.577.20933 CONSOLIDATED EDISON INC COMMON STOCK 35,768 51 42.386.19313 CONSOLIDATED GRAPHICS INC COM 5,641 54 10,961.26205 CONSOLIDATED TOMOKA LD CO COM STK 7.625 98 7.162.70465 CONSOLIDATED WATER CO LTD COM 7.509.70 6.644 85551 CONSTANT CONTACT INC COM STK 1 1.347 29 8,81600551 CONSTELLATION BRANDS INC CL A CL A 8.276.82 8.77743620 CONSTELLATION ENERGY GROUP INC MARYLAND COM 22.331 62 21,805 40243 CONTANGO OIL & GAS CO COM NEW 10.365.53 1 1,423 43663 CONTINENTAL AIRLINES INC CL B 10,679.80 11.880.96237 CONTINENTAL RES INC COM 10,326 07 10,164.93539 CONVERGYS CORP DELAWARE COM 4,99648 5,794.25158 CON-WAY INC COM STK 5.751.18 5,515 78154 COOPER COS INC COM NEW 4,362 80 5.870.48510 COOPER INDUSTRIES PLC NEW IRELAND COM STK 17.102 32 21,746.40

1 100 COOPER INDUSTRIES PLC NEW IRELAND COM STK 56.694 00 46,904.001 173 COOPER TIRE & RUBBER CO, COMMON STOCK, NO PAR 12.562 71 23,518.65122 COPA HOLDINGS SA COM STK 5.05690 6,645 34227 COPART INC COM 7.940 46 8,315.01307 CORE-MARK HLDG CO INC COM 8.275 72 10.118 721593 CORINTHIAN COLLEGES INC COM STK 22,823 01 21.935 61254 CORN PRODS INTL INC COM 6,941 81 7.424 42

5279 CORNING INC COMMON STOCK 102.815 81 101.937 49769 CORPORATE EXECUTIVE BRD CO COMMON STOCK 16,168 07 17.548 58171 CORPORATE OFFICE PPTYS TR COM 5.09097 6,263 73392 CORRECTIONS CORP AMER 6.663 99 9,623 60445 COSTAR GROUP INC COM 23,664 70 18,587.651475 COSTCO WHOLESALE CORP NEW COM 103.752 39 87,275 75

15512 COSTCO WHOLESALE CORP NEW COM 959.850 30 917.845.041772 7 COUSINS PPTYS INC COM 17.605 98 13,525 70

218 COVANCE INC COMMON STOCK 7,62433 1 1.896 26439 COVANTA HLDG CORP COM 7,49807 7.94151505 COVENTRY HEALTH CARE INC COM 10,862.30 12.266 45294 CRA INTL INC COM 8.209.18 7,835 10450 CRACKER BARREL OLD CTRY STORE INC COM 13,920 17 17,095.50225 CRANE CO, COMMON STOCK. $6.25 PAR 5.087.23 6,889 50921 CRAY INC COM NEW STK 7,58204 5,912 82303 CREE INC COM 8.998 31 17,080.111996 CROCS INC COM 7,003 37 1 1,477 00951 CROSS CTRY HEALTHCARE INC COM 6,985 57 9,424.411941 CROSSTEX ENERGY INC COM 6,56737 1 1,743 05989 CROWN CASTLE INTL CORP COM STK 24,640 94 38.610 56666 CROWN HLDGS INC COM 16,760 07 17,036.28903 CRYOLIFE INC COM 5,271 81 5,797 26844 CSG SYS INTL INC COMMON STOCK 1 1,765 36 16,1 11 961330 CSX CORP., COMMON STOCK, SI PAR 68.198 17 64.491 701022 CTS CORP COM 7,11138 9.831 64

Statement 18 Page 15

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

311 CUBIC CORP COM 11,382.44 11,600 30147 CUBIST PHARMACEUTICALS INC COM 20,278 96 21,758 59433 CULLEN / FROST BANKERS INC COM 21,115.75 21,650.00686 CUMMINS INC 27,400 49 31,459 96900 CURTISS WRIGHT CORP COM 26,980 00 28,188.00795 CUTERA INC COM 6,781 08 6.765.451608 CVB FINL CORP COM 9,985 68 13,893.12485 CVR ENERGY INC COM STK 4,990.60 3,327.10

4947 CVS CAREMARK CORP COM STK 154,236 57 159.342 87630 CYBERONICS INC COM 10,791 90 12,877 201375 CYBERSOURCE CORP DEL COM 13,580.88 27,651.25591 CYMER INC COM 17,809.15 22.682 58943 CYPRESS BIOSCIENCES INC COM PAR $ 02 8,776.50 5,431.68544 CYPRESS SEMICONDUCTOR CORP COM 5,041.96 5,74464269 CYTEC INDUSTRIES COMMON STOCK 5,13840 9.79698808 CYTORI THERAPEUTICS INC COM STK 4,669.03 4.928 80943 D R HORTON INC COM 10,806.77 10,250 411751 DAIMLER AG 117,660 72 93,328 30905 DAKTRONICS INC COM 7,157.19 8,335.05

2323 DANA HLDG CORP COM 11,993 52 25,181.32879 DANAHER CORP. COMMON STOCK $ 01 PAR 63,422 18 66,100.80726 DANVERS BANCORP INC COM STK 9.743 63 9,43074466 DARDEN RESTAURANTS INC COM 15,754 80 16,342 621841 DARLING INTL INC COM 12,757 95 15.427 58352 DAVITA INC COM 17,835 23 20.676 48242 DAWSON GEOPHYSICAL CO COM 7,255 50 5.59262

3503 DCT INDL TR INC COM 14.629 86 17,585 06846 DEALERTRACK HLDGS INC COM STK 14,213 65 15.896 34612 DEAN FOODS CO NEW COM 12,124 78 11.040.48261 DECKERS OUTDOOR CORP COM 18,491.85 26,548 921436 DEERE & CO, COMMON STOCK. $ I PAR 104.633 71 77,673 24534 DEL MONTE FOODS CO COM 5,13083 6.055 56

5820 DELL INC COM STK 115,714.86 83,575.20855 DELPHI FINL GROUP INC CL A 16,825 40 19,126 35

2622 DELTA AIR LINES INC DEL COM NEW COM NEW 28,918.82 29.838 364841 DELTA PETROLEUM CORP DELAWARE 54,392 78 5.034 64256 DELTIC TIMBER CORP COM 10,040 32 11.822 08

1 124 DELUXE CORP, COMMON STOCK 16,529 61 16.623 96846 DENBURY RES INC HLDG CO COM NEW 7.456.73 12.520 80268 DENDREON CORP COM STK ISIN US24823Q 1076 6,58208 7,043 042842 DENNYS CORP COM 6.421.21 6,223 98505 DENTSPLY INTL INC NEW COMMON STOCK 15,387 35 17,760 851740 DEPOMED INC COM 5.738 52 5.829 003295 DEVELOPERS DIVERSIFIED RLTY CORP COM 18.911 28 30,511 701541 DEVON ENERGY CORP NEW COM 110,580 55 113,263.50248 DEVRY INC DEL COM 12.865 44 14.069 04

1 124 DEXCOM INC COM 7,049 68 9,081 92430 DG FASTCHANNEL INC COM STK 7.811 38 12.009 901321 DHT HOLDINGS INC 6.90822 4.861 284430 DIAGEO PLC SPONSORED ADR NEW 333.904 26 307.486.309096 DIAGEO PLC SPONSORED ADR NEW 678,881 50 631,353 361855 DIAGEO PLC SPONSORED ADR NEW 150,718.75 128.755 55

Statement 18 Page 16

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

377 DIAMOND FOODS INC COM 10.978.20 13.398.58149 DIAMOND HILL INVT OH 5,981 64 9.57027235 DIAMOND OFFSHORE DRILLING INC COMMON STOCK 23,142.80 23,128 702148 DIAMONDROCK HOSPITALITY CO COM STK 7,78689 18,193.56291 DICKS SPORTING GOODS INC OC-COM 4,949.88 7,237.17226 DIEBOLD INC., COMMON STOCK, $1.25 PAR 6,131 64 6,42970772 DIGI INTL INC COM 6.222 08 7,040 64760 DIGITAL RIV INC COM 27,335.46 20,512 40259 DIGITAL RLTY TR INC COM 9.334.33 13,022.521019 DILLARDS INC CL A COMMON STOCK 9.597.67 18.800 55350 DINEEQUITY INC COM STK 11.245 47 8.501.50723 DIODES INC COM 12,044 10 14.785.35

352 DIONEX CORP COM 21,823 23 26,002 243428 DIRECTV COM CL A COM CL A 111,17904 114,323 801834 DISCOVER FINL SVCS COM STK 29,563.90 26,978.14869 DISCOVERY COMMUNICATIONS INC NEW COM SERC COM SER C 18,492.23 23,045.88683 DISH NETWORK CORP CL A COM STK 12.268 59 14.185.911813 DIVX INC COM 9,274.49 10.225.32673 DOLAN CO COM STK 9,22003 6.871 33179 DOLBY LABORATORIES INC CL A COM STK 6,635.51 8,543 67577 DOLLAR FINL CORP COM STK 8,194 94 13;651.82434 DOLLAR THRIFTY AUTOMOTIVE GROUP INC COM 6,144 39 11,114.74254 DOLLAR TREE INC COM STK 10,056 30 12.268 20

2005 DOMINION RES INC VA NEW COM 80,161 67 78,034 60911 DOMINOS PIZZA INC COM 7,251 55 7.634 18826 DOMTAR CORP COM NEW COM NEW 16,227 59 45.768 66263 DONALDSON INC COM 6,181 95 11.18802698 DONNELLEY, R R., & SONS CO, COMMON STOCK, $1 25 PAR 8,207 15 15.544 46

557 DOUGLAS EMMETT INC COM REIT 5,068 67 7.937 25632 DOVER CORP., COMMON STOCK $1 PAR 22,361.33 26,297 52

3780 DOW CHEMICAL CO COM 121,318 56 104,441 40

394 DPL COMPANY COMMON STOCK 9,298 36 10,874 40

863 DR PEPPER SNAPPLE GROUP INC COM STK 19,253 44 24.422 90246 DREAMWORKS ANIMATION INC CL A COM STK 5,022.76 9,827 70

1531 DRESS BARN INC COM 21.920 15 35.366 10281 DRESSER-RAND GROUP INC COM 7.586.10 8.88241466 DREW INDS INC COM NEW COM NEW 5,753 10 9,622.90

579 DRIL-QUIP INC COM 22,210 38 32.701 923163 DRUGSTORE COM INC COM ISM #US262241 1021 5,819.92 9;773 67

136 DST SYSTEMS INC COMMON STOCK 5,10679 5.922 80556 DTE ENERGY CO COMMON STOCK 18,064 38 24.236.04

394 DTS INC COM 10,732 56 13.478 74

3070 DU PONT E I DE NEMOURS & CO COM STK 106,409.35 103.366 90345 DUCOMMUN INC DEL COM 6,31257 6.45495

384 DUFF & PHELPS CORP NEW CL A COM STK 6.921 36 7,011 84

4373 DUKE ENERGY CORP NEW COM STK 74.356 16 75.259 33761 DUKE RLTY CORP COM NEW REIT 6.68944 9.261 3788 DUN & BRADSTREET CORP DEL NEW COM 7.22574 7.424.56

643 DUPONT FABROS TECHNOLOGY INC REIT 5.99909 1 1,567 572366 DURECT CORP COM 5,842 84 5.844 02

2337 DYAX CORP COM 5.141 33 7,922 43

886 DYCOM INDS INC COM 11,163 74 7,11458

Statement 18 Page 17

2009 Federal Statements 20-5132900

client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

430 DYNAMEX INC COM STK 10,890 48 7.783.00324 DYNAMIC MAILS CORP COM 5,885 08 6.496.20595 DYNCORP INTL INC COM CL A COM CL A 10,212 15 8,538.251030 DYNEX CAP INC NEW REIT 8,445.90 8.991.90

28668 E*TRADE FIN CORP COMMON STOCK 43.229.48 50,169.002647 EAGLE BULK SHIPPING INC EAGLE BULK SHIPPING COM 11.687.32 13,102.65199 EAGLE MATLS INC COM 5.04065 5,183.95

2103 EARTHLINK INC COM STK 16,024 65 17,475.931925 EAST WEST BANCORP INC COM 17.427 21 30,415 00502 EASTGROUP PPTYS INC REIT 16.806 32 19.216 56247 EASTMAN CHEMICAL CO COMMON STOCK 12.739 59 14.879 285336 EASTMAN KODAK CO., COMMON STOCK, $2 50 PAR 15,794.92 22,517 92563 EATON CORP., COMMON STOCK, $ 50 PAR 38.831.56 35.818 06

3350 EBAY INC COM 81,494 61 78.859 00EBIX INC FORMERLY EBIX COM INC TO 01/02/2004 COM NEW COM

191 NEW 6,360.45 9,326.53785 ECHELON CORP OC-COM STK 9.258.98 9.074601118 ECLIPSYS CORP COM 20.238.98 20.705 36804 ECOLAB INC COMMON STOCK 34.372.45 35,842 32

1 107 EDISON INTL COM 36,820.23 38,501 461857 EDUCATION RLTY TR INC COM REIT 7,831.34 8,987.88191 EDWARDS LIFESCIENCES CORP COM 12,835 18 16.588.35564 EHEALTH INC COM STK 9,948 60 9.266 52

2382 EL PASO CORP COM 21.890 44 23.415 061069 EL PASO ELEC CO COM NEW 15,607 39 21.679 32824 ELECTRO SCIENTIFIC INDS INC COM 9.838 56 8,915 681098 ELECTRONIC ARTS COM STOCK 28,909 76 19,489 501 143 ELECTRONICS FOR IMAGING INC COM 12.618 72 14.870 433442 ELI LILLY & CO COM 128.252 79 122.913 82722 ELIZABETH ARDEN INC COM 6.574.42 10,425.68

6839 EMC CORP COM 1 12.586 24 119.477 331302 EMCOR GROUP INC COM 27,716 50 35,023 80651 EMDEON INC CL A CL A 10,168.62 9.927 75342 EMERGENCY MED SVCS CORP CI_ A COM STK 14.199 10 18,519 30260 EMERGENT BIOSOLUTIONS INC COM 5,142 77 3.533 40474 EMERITUS CORP COM STK 6,467.85 8,887.50

2553 EMERSON ELECTRIC CO COM 109,700 76 108.757 80931 EMPIRE DIST ELEC CO COM 17.087.09 17.437 631036 EMPLOYERS HLDGS INC COM 14,429 48 15.892 24421 EMS TECHNOLOGIES INC COM 8,899.92 6,104 501650 EMULEX CORP COM NEW 16,335.00 17,985 00378 ENCORE CAP GROUP INC COM 4.807 25 6.577 20440 ENCORE WIRE CORP COM 7,914 28 9.270 80

3677 ENDEAVOUR INTL CORP COM STK 5.252 96 3,971.16280 ENDO PHARMACEUTICALS HLDGS INC COM 4.994 70 5.742 801670 ENDOLOGIX INC COM 5.694 53 8,81760167 ENDURANCE SPECIALTY HOLDINGS LTD COM USD1 4,455 14 6.21741

1 147 ENERI INC COM NEW STK 6,443.71 7.271 98158 ENERGEN CORP COM 11.71728 7.39440236 ENERGIZER HLDGS INC COM 14.575 14 14.462 08910 ENERGY CONVERSION DEVICES INC COM 17.673 30 9,618 701502 ENERGY SOLUTIONS INC COMMON 14.707 13 12,751.98

Statement 18 Page 18

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

285 ENERNOC INC COM 6,14232 8,661 15803 ENERSYS COM 15,101.46 17,561.61744 ENNIS INC COM 11,528.02 12,491.76473 ENPRO INDS INC COM 8,853.71 12,491.93482 ENSCO PLC SPON ADR 20,328 35 19,251.08132 ENSTAR GROUP LIMITED COM 8,025 60 9,63864

2593 ENTEGRIS INC COM 7,779.00 13,691 04667 ENTERGY CORP NEW COMMON STOCK 53,669.82 54,587.28696 ENTERTAINMENT PPTYS TR COM SH BEN INT 14,612.44 24,547 921083 ENZON PHARMACEUTICALS INC COM 8.724.65 11.403.99851 EOG RESOURCES INC COM 64,241.49 82,802 301180 EPICOR SOFTWARE CORP COM 6.55682 8.991 60771 EPIQ SYS INC COM 12,297 45 10,786 29445 EQT CORP COM 22.212 51 19,544.40429 EQUIFAX INC COM 12,254.47 13,251 81129 EQUINIX INC COM NEW COM NEW 9,454.89 13,693 35417 EQUITY LIFESTYLE PPTYS INC REIT 15,500 39 21,045.99306 EQUITY ONE INC COM 4,921 34 4,948.02931 EQUITY RESIDENTIAL EFF 5/15/02 24,567 48 31,449 181164 ERESEARCH TECHNOLOGY INC COM 7,286.64 6.995 64140 ERIE INDTY CO CL A 5,010.59 5.462 80483 ESB FINL CORP COM 6.761 99 6.385.26522 ESCO TECHNOLOGIES INC 24.225 97 18.713 70847 ESSA BANCORP INC COM STK 11,671.58 9.909.9081 ESSEX PPTY TR REIT 5.088 42 6,775 65

591 ESTERLINE TECHNOLOGIES CORP COMMON STK 16.390 61 24,095 07481 ETHAN ALLEN INTERIORS INC COM 6.85420 6,455 021039 EURONET WORLDWIDE INC COM 17.825 29 22.806.051410 EV3 INC COM 14.974 20 18.809 40299 EVERCORE PARTNERS INC CL A CL A 5,973 99 9.08960209 EVEREST RE GROUP COM 15,383.68 17.907 12

3736 EVERGREEN SOLAR INC COM 7,992 80 5.641 36473 EXCO RES INC COM 5.973 93 10.041 79

2361 EXELIXIS INC COM STK ISIN# US30161Q1040 11,52168 17.400 572238 EXELON CORP COM 123,019 58 109.371 06630 EXIDE TECHNOLOGIES COM NEW COM NEW 5,202 86 4,479 30624 EX13EDIA INC DEL COM 11.356 18 16.043 04722 EXPEDITORS INTERNATIONAL WASHINGTON INC., CO 26.545 42 25.075 06349 EXPONENT INC COM STK 8.843 66 9.716 16917 EXPRESS SCRIPTS INC COM 79,758.64 79,274 65312 EXTERRAN HLDGS INC COM STK 5.02005 6.692401925 EXTRA SPACE STORAGE INC COM 16,458 66 22,233 752795 EXTREME NETWORKS INC COM 5,841 44 8.021 6510568 EXXON MOBIL CORP COM 921.088 19 720.631 924161 EXXON MOBIL CORP COM 283,263 66 283,738 5916885 EXXON MOBIL CORP COM 1,263,905 84 1,151,388 151039 EZCORP INC CL A NON VTG 11,003.01 17,881 192788 F N B CORP PA COM 18.262 98 18.930 521396 F P L GROUP INC.. COMMON STOCK 80.825.89 73,736 72267 F5 NETWORKS INC COM STK 13.650 32 14,145.66142 FACTSET RESH SYS INC COM STK 7.153 96 9.353 54972 FAIR ISAAC CORPORATION COM 14,626.40 20,713 32

Statement 18 Page 19

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

716 FAIRCHILD SEMICONDUCTOR INTL INC COM 5,226.73 7,15284

1082 FALCONSTOR SOFTWARE INC COM 4,46866 4,39292477 FAMILY DLR STORES INC COM 12,554.83 13,274 91239 FARMERS CAP BK CORP COM 6,398.03 2,442 58462 FARO TECHNOLOGIES INC COM 13,099.21 9,905.28450 FASTENAL CO COM 14,758.51 18.738 00361 FBL FINL GROUP INC CL A CL A 5,626 32 6,685 72

869 FEDERAL MOGUL CORP COM STK 10.033.03 15,033 70201 FEDERAL RLTY INVT TR SH BEN INT NEW SH BEN INT NEW 10,539 17 13,61172

1 147 FEDERAL SIGNAL CORP COM 9.278.05 6.904 94241 FEDERATED INVESTORS INC CL B 5.927.11 6.627 50

1058 FEDEX CORP COM 95.432.98 88,290 10744 FEI CO COM 17.852 34 17.379 841511 FELCOR LODGING TR INC COM 4,623.66 5,439601477 FERRO CORP COM 10,474 13 12,170 48

798 FIDELITY NATIONAL FINANCIAL INC CL A 11,937.55 10,741 08

1060 FIDELITY NATL INFORMATION SVCS INC COM STK 19,995.48 24.846.40

1961 FIFTH THIRD BANCORP, COMMON STOCK, $6.66 PAR 13,981.93 19,1 19 75520 FINANCIAL INSTNS INC COM 7.22667 6.125 60989 FINISH LINE INC CL A 7,327.01 12,41195317 FIRST AMERN CORP CALIF COM 8,562.14 10,495.87545 FIRST BANCORP N C COM 8,695.75 7,613.65

1918 FIRST BANCORP P R COM 7,959.70 4,411 40

542 FIRST CASH FINANCIAL SERVICES INC 9.495.84 12.026 98FIRST COMMONWEALTH FINANCIAL CORP COMMONSTOCK $5 PAR

1993 LM 12,934 17 9,267 45

75 FIRST CTZNS BANCSHARES INC N C CL A 11,851 50 12.300 75

479 FIRST DEFIANCE FINANCIAL CORP COM STK USDO 01 6,25766 5,407 91

1016 FIRST FINL BANCORP OHIO COM 7,892 80 14,792 96

414 FIRST FINL BANKSHARES INC COM 20,919 42 22.451 22

350 FIRS]' FINL CORP 1ND COM 11,368.00 10,682 00

695 FIRST FINL HLDGS INC COM 6,812.90 9.02805753 FIRST HORIZON NATL CORP COM 8.647.51 10,090.20

947 FIRST INDL RLTY TR INC COM 5.255 76 4,952 81

950 FIRST MIDWEST BANCORP INC DEL COM 22,571 81 10.345 50

438 FIRST NIAGARA FINL GROUP INC NEW COM 5,115 84 6.09258

175 FIRST SOLAR INC COM 28,057 93 23.695 001036 FIRSTENERGY CORP COM 64,053 49 48.122 20

1642 FIRSTMERIT CORP COM 27,631 99 33.069 88642 FISERV INC COMMON STOCK 29.050 54 31.124 16

4322 FLEXTRONICS INTERNATIONAL LTD COM STK 52.759 09 31.593 82

511 FLIR SYS INC COM 10.553.79 16,719 92

229 FLOWERS FOODS INC COM 5.305.93 5,441 04

191 FLOWSERVE CORP COM 18.857.41 18.055 23

611 FLUOR CORP NEW COM 24.827.50 27.519 44

12350 FLUOR CORP NEW COM 591,120.37 556.244 00

860 FLUSHING FINL CORP COM 8.410.71 9.683 60

247 FMC CORP. COMMON STOCK. NO PAR. (NEW) 11,615 79 13.772 72420 FMC TECHNOLOGIES INC COM 16.018.76 24.292 80529 FOOT LOCKER INC COM 3.956.76 5.893 06

1501 FORCE PROTN INC COM NEW 7.938 61 7,82021

10617 FORD MTR CO DEL COM PAR $0 01 COM PAR $0 01 95,529 12 106,17000

Statement 18 Page 20

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

852 FOREST CITY ENTERPRISES INC CL A 10,010 00 10,036.561025 FOREST LABORATORIES INC COM COM 28,139.30 32,912.75379 FOREST OIL CORP COM PAR $0.01 COM PAR $0 01 7,36947 8.432.75786 FORESTAR GROUP INC 9,845 72 17,276.28982 FORMFACTOR INC COM STK 17,723 63 21,368.32378 FORRESTER RESH INC COM 11,499 55 9,809.10511 FORTUNE BRANDS INC COM STK 20,773.93 22.075 20658 FORWARD AIR CORP COM 23,482.40 16,482 90934 FOSSIL INC COM 23,117.84 31,345 04267 FOSTER L B CO CL A 7.964 58 7,959.27305 FPIC INS GROUP INC COM 9.49881 11.779 10

74144 FRACTIONAL FIRST HORIZON NATIONAL CORP COM STK - -13633 FRACTIONAL MARRIOTT INTERNATIONAL -

527 FRANKLIN ELEC INC COM 14.171.03 15,325 16567 FRANKLIN RES INC COMMON STOCK, 49,673 84 59,733 45

1 175 FRANKLIN STR PPTYS CORP COM 15,799 60 17,166 75933 FREDS INC CL A 10,739.55 9.516601399 FREEPORT-MCMORAN COPPER & GOLD INC 99.157 75 112,32571375 FREIGHTCAR AMER INC COM 6,380.36 7.436.25

5765 FRESENIUS MEDICAL CARE AG AND CO KGAA 295.982.66 305.602 65815 FRESH DEL MONTE PRODUCE INC COM STK 13.754.59 18,011501409 FRONTIER COMMUNICATIONS CORP COM 9.820.73 11,004 29382 FRONTIER OIL CORP COM 5.332 68 4,599 28175 FTI CONSULTING INC COM 7.862 77 8,253 00299 FUEL SYS SOLUTIONS INC COM STK 6.20724 12.330 761815 FUELCELL ENERGY INC COM 7,677 27 6.82440967 FULLER H B CO COM 18,982 02 21.999 25242 FUQI INTL INC COM NEW STK 5,036 50 4,343 901342 FURIv1ANITE CORP COM STK 6,07768 5,1 13 021624 FX ENERGY INC COM 6,31736 4,62840442 G & K SVCS INC CL A CL A 14,747 86 11,107.46341 GALLAGHER ARTHUR J & CO COM 7,290 56 7,675 91174 GAMCO INVS INC COM 8,581 14 8,402 46560 GAMESTOP CORP NEW CI_ A 15,731 68 12,286 40294 GANNETT INC COM 8,531 88 4.365 901638 GAP INC COM 27,344 99 34,316 10199 GARDNER DENVER INC COM 5,030 72 8.46745382 GARMIN LTD COM STK 9,209 29 1 1.727 40

1 179 GARTNER INC COM 18.655 57 21.269 16161 GATX CORP COM 3.99742 4,628 75789 GAYLORD ENTMT CO NEW COM 9.94040 15,582 75512 GENCO SHIPPING & TRADING LTD COM STK 11.20251 1 1,458 561795 GENCORP INC COM 4;031 95 12,565.00177 GENERAL CABLE CORP DEL NEW COM 2.91645 5.207.34

1043 GENERAL COMMUNICATION INC CL A 7,528 37 6.654.341223 GENERAL DYNAMICS CORP. COMMON STOCK, $1 PAR 100.541 77 83,371.91

35976 GENERAL ELECTRIC CO 713.940.55 544.316 88970 GENERAL MARITIME CORPORATION COM USDO Ol 10.322 26 6.78030

11 18 GENERAL MILLS INC COM 68,196 21 79,165 582253 GENERAL MOLY INC COM STK 5.204.20 4,686.24383 GENESCO INC COM 7,223 38 10.517 18652 GENESEE & WYO INC CL A CL A 18,369 84 21,281 28

Statement 18 Page 21

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

244 GENOMIC HEALTH INC COM 5.057.63 4,772 64387 GENOPTIX INC COM 11,884.77 13,750.11177 GEN-PROBE INC NEW COM 8,086.05 7,593.30468 GENTEX CORP COM 6.989.57 8,353 80664 GENTIVA HEALTH SVCS INC COM 14,762 36 17,934 64542 GENUINE PARTS CO COM 20,441 00 20,574 321472 GENWORTH FINL INC COM CL A COM CL A 17,080.03 16,707 20

14268 GENZYME CORP COM 1,045,239.53 699,274 681017 GEO GROUP INC COM STK 19,312 77 22,251 96426 GEOEYE INC COM STK 10.247 22 11,876.88314 GEOKINETICS INC COM PAR $0 01 COM PAR $0 01 5.611 17 3.020681772 GERON CORP COM 13.194 50 9,83460562 GETTY RLTY CORP NEW COM 10.832 60 13,223.861291 GFI GROUP INC COM STK 9.062.82 5.89987364 GIBRALTAR INDS INC COM 5,097 75 5.725 72464 G-Ili APPAREL GROUP LTD COM 5,233 73 10.054 88

13716 GILEAD SCIENCES INC 663,634 76 593.628 481224 GLACIER BANCORP INC NEW COM 20.205.96 16.793 28945 GLADSTONE CAP CORP COM 9,981.04 7.27650437 GLADSTONE COML CORP COM STK 5,434.17 5,860.171072 GLADSTONE INVT CORP COM STK 5,206 64 4,888.32906 GLATFELTER 8,208.18 11,007 902886 GLG PARTNERS INC COM STK 9,032.89 9,292 92

GLIMCHER RLTY TR SH BEN INT SHS OF BENEFICIAL INTEREST

2014 USD0.01 5,514 13 5,43780804 GLOBAL CASH ACCESS HLDGS INC COM 6,589.80 6,021 961985 GLOBAL INDS LTD COMMON STOCK 11,448.45 14,153.05274 GLOBAL PMTS INC COM 10,417 45 14,757 64884 GLOBECOMM SYS INC COM 6,33430 6,912 88586 GMX RES INC COM STK 6,01002 8,051 64845 GOLAR LNG LIMITED 9.593.96 10.832 901772 GOLDMAN SACHS GROUP INC COM 289,036 76 299,184 48421 GOODRICH CORPORATION 22,371 39 27.049.25488 GOODRICH PETE CORP COM NEW 12.185 31 1 1,882 80912 GOODYEAR TIRE & RUBBER CO.. COMMON STOCK, NO PAR 10,827 65 12,859 20

2781 GOOGLE INC CL A CL A 1,659,517 79 1,724.164 38388 GORMAN RUPP CO COM 10.575 46 10,724 321436 GRACE W R & CO DEL NEW COM STK 20,888 86 36,402 60228 GRACO INC COM 5.10946 6.51396

2393 GRAFTECH INTL LTD COM 30,832 89 37,211 15

209 GRAINGER. W W., INC, COMMON STOCK, $1 PAR 17,154 70 20,237.47

2259 GRAMERCY CAP CORP COM STK 6.954.78 5.850.814409 GRAN TIERRA ENERGY INC COM 15.166.81 25.263.57629 GRANITE CONSTRUCTION INC. COMMON STOCK 22.079.66 21,172 141047 GREAT LAKES DREDGE & DOCK CORP NEW COM 5.088.42 6,784 56459 GREAT PLAINS ENERGY INC COM 7,233 79 8.900 01324 GREAT SOUTI-IN BANCORP INC COM 6.71964 6,92064540 GREATBATCH INC COM 12.287 60 10,384 2085 GREEN MTN COFFEE ROASTERS 5.131.45 6.924 95

366 GREENBRIER COS INC COM STK 5,05047 3,799.0870 GREENHILL & CO INC COM 5,213.60 5,616 80

652 GREENLIGHT CAPITAL RE LTD CLASS A 11.741.92 15.36764

Statement 18 Page 22

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

14 GREIF INC 5,15052 6,153.72865 GRIFFON CORP COM 7,352.33 10,570 30479 GROUP 1 AUTOMOTIVE INC COM 12,770.14 13,579 65574 GSI COMM INC COM STK 8,236.90 14,573.86199 GUESS INC COM 5,253.58 8,417 70395 GULF IS FABRICATION INC COM 6,327 86 8,306.85730 GULFPORT ENERGY CORP COM NEW COM NEW 5,00688 8,358.50581 GYMBOREE CORP COM 21.431.11 25,267.69784 H & E EQUIP SVCS INC COM 7,502.80 8,224.16

13716 H J HEINZ 585,889.91 586.496 161069 H J HEINZ 41,158.64 45.71044448 HAEMONETICS CORP MASS COM 25,666 16 24,707.20926 HAIN CELESTIAL GROUP INC COM 25,414.28 15,751.26

3048 HALLIBURTON CO COM 88,726.98 91,714 321406 HALOZYME THERAPEUTICS INC COM 9,462.38 8,253 221029 HAMPTON RDS BANKSHARES INC COM STK 8,183 13 1,780 17475 HANco*ck HLDG CO COM 15,622 70 20.800 25334 HANESBRANDS INC COM STK 5,040 03 8,052 74625 HANGER ORTHOPEDIC GROUP INC COM NEW 8,786.50 8,643.75174 HANOVER INS GROUP INC COM 6,770.34 7,730 82234 HANSEN NAT CORP COM 7,340.58 8.985 60797 HARLEY DAVIDSON INC COM 18,51165 20,084.40266 HARMAN INTL INDS INC NEW COM STK USDO 01 5,053.99 9,38448

21 15 HARMONIC INC COM 12,519 53 13,387 951 164 HARRIS & HARRIS GROUP INC COM 7,040 63 5,319 48450 HARRIS CORP. COMMON STOCK. $1 PAR 15,290.41 21,397 50273 HARSCO CORP.. COMMON STOCK, $1 25 PAR 9110043 8,798 79911 HARTE-HANKS INC COM (NEW) 8,817.39 9,820 58

1 106 HARTFORD FINL SVCS GROUP INC COM 26,387.06 25,725 56426 HASBRO INC COM 10,542 62 13.657.56720 HATTERAS FINL CORP COM REIT 19,831.00 20,131 20311 HAWAIIAN ELEC INDS INC COM 6,010.82 6,499 901523 HAWAIIAN HLDGS INC COM 8,843 34 10.661 00377 HAWKINS INC COM 8,565 44 8.22991291 HAYNES INTL INC COM NEW COM NEW 6.910.67 9,59427382 HCC INS HLDGS INC COM 9,378.09 10.684 54

935 HCP INC COM REIT 23,406 57 28,554.90378 HEALTH CARE REIT INC COM 12.926.36 16.752 96

1013 HEALTH MANAGEMENT ASSOCIATES INC NEW CL A COMMON STOCK 5.18494 7,364 51

393 HEALTH NET INC COM 7,18438 9.152971 180 HEALTHCARE RLTY TR 20,605 67 25.322 80

973 HEALTHCARE SVCS GROUP INC COM 18,096.80 20,880 581757 HEALTHSOUTH CORP COM NEW STK 25,318.37 32.978.891069 HEALTHSPRING INC COM STK 14,046.31 18,825.09

770 HEALTHWAYS INC COM STK 13,578 21 14.121 801004 HEARTLAND EXPRESS INC COM 14.988 21 15.331 08909 HEARTLAND PMT SYS INC COM STK 8.90820 11,935 171962 HECKMANN CORP COM STK 7.61254 9.790385128 HECLA MNG CO COM 17,342.48 31,691 04

505 HEICO CORP NEW COM 19,124 30 22,386.65445 HEIDRICK & STRUGGLES INTL INC COM ISIN #954228191023 8,097 80 13.901 80

Statement 18 Page 23

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees -Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

675 HELEN TROY LTD COM STK 12,247 26 16.510.50460 HELIX ENERGY SOLUTIONS GROUP INC COM STK 5,058.80 5,405.00359 HELMERICH & PAYNE INC COM 11,024.85 14,316.92

2487 HEMISPHERX BIOPHARMA INC COM 6,416.46 1,392.721667 HENRY JACK & ASSOC INC COM 35,384 31 38,541 04209 HERBALIFE LTD COM STK 6.648.27 8,479 13

2003 HERCULES OFFSHORE INC COM STK 7,630 23 9,574 341113 HERCULES TECHNOLOGY GROWTH CAP INC COM 10,492.37 11,564.07604 HERLEY INDS INC DEL COM 6,786.96 8,389 56524 HERSHEY CO FORMERLY HERSHEY FOODS CORP TO 04/19/2005 COM 19,371 34 18.753.96155 HERTZ GLOBAL HLDGS INC COM 1,33455 1,84760987 HESS CORP COM STK 64,080.34 59,713 50284 HEWITT ASSOCS INC CL A COM 8,50009 12,001.84

8478 HEWLETT PACKARD CO COM 380,012.55 436,701 7821830 HEWLETT PACKARD CO COM 1,146,269.29 1,124.463.301921 HEXCEL CORP NEW COM 13,698.84 24,934 58651 HIBBETT SPORTS INC COM STK 11,827.37 14,315 491310 HIGH WOODS PPTYS INC COM 33,235.69 43,688 50309 HILL ROM HLDGS INC COM STK 4,993 41 7,41291301 HILLENBRAND INC COM STK 5,13807 5,67084962 HILLTOP HLDGS INC COM STK 11,464 69 11,197.68426 HITTITE MICROWAVE CORP COM STK 15.092.33 17,359 50515 HMS HLDGS CORP COM 21,395 16 25,075 35893 HNI CORP COM 16,538.36 24,673 59145 HOLLY CORP COM PAR $0.01 3,098.93 3,71635872 HOLOGIC INC COM 14,412.34 12,644 00649 HOME BANCORP INC COM STK 7.93721 7,91131247 HOME BANCSHARES INC COM 5.063 97 5.945 29

5763 HOME DEPOT INC., COMMON STOCK, $ 05 PAR 166,420 00 166,723 5922674 HOME DEPOT INC., COMMON STOCK, $ 05 PAR 666,917 16 655,958 82

655 HOME PROPERTIES INC COMMON STOCK 22,315 92 31,250 052528 HONEYWELL INTL INC COM STK 1 13.076 93 99,097 60611 HOOKER FURNITURE CORP COM 7,197 58 7155807988 HORACE MANN EDUCATORS CORP COMMON STOCK 12,519 52 12,350 00237 HORMEL FOODS CORPORATION COMMON STOCK 8,403 59 9111265456 HORNBECK OFFSHORE SVCS INC NEW COM 9,99547 10,615.68891 HORSEHEAD HLDG CORP COM STK 6.70032 1 1,360 25546 HOSPIRA INC COM 20,337 96 27.846 00421 HOSPITALITY PPTYS TR COM SH BEN INT 5.186 68 9.981 91

2089 HOST HOTELS & RESORTS INC REIT 20,255 59 24,378 631041 HOT TOPIC INC COM 7.837 17 6.620 76549 HOUSTON WIRE & CABLE CO COM STK 6,752 70 6.533 10

1 188 HOVNANIAN ENTERPRISES INC CL A 5,04698 4.561 92638 HRPT PPTYS TR COM SH BEN [NT 2,756 10 4,127 86902 HSN INC DEL COM 9.461 91 18,21 1.38774 HUB GROUP INC CL A 14.675 66 20.766 42156 HUBBELL. INC. CLASS B, COMMON STOCK $5 PAR 5,196 36 7.378.80

1590 HUDSON CITY BANCORP INC COM STK 23.024 70 21.830 70185 HUGHES COMMUNICATIONS INC COM STK 5.128.94 4,815 55

3587 HUMAN GENOME SCIENCES INC COM 28.703 20 109,762 20577 HUMANA INC. COMMON STOCK, $ 16 2/3 PAR 20,048 25 25,324 53297 HUNT J B TRANS SVCS INC COM 9.143.83 9.584 19

Statement 18 Page 24

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuanti ty Description Cost Market Value

1476 HUNTINGTON BANCSHARES INC COM 6,1 10.49 5,387.40995 HUNTSMAN CORP COM STK 5,253.50 11,233.55429 HURON CONSULTING GROUP INC COM STK 20,068.62 9,884 16504 IAC / INTERACTIVECORP COM PAR $ 001 STK 8,229.41 10,321 92381 IBERIABANK CORP COM 15,147 57 20,501.611273 ICONIX BRAND GROUP INC COM 20.113.39 16,103 45298 ICU MED INC COM 9,267.22 10,859 12809 IDACORP INC COM 21.558.85 25,847.55881 IDERA PHARMACEUTICALS INC COM NEW STK 5.22995 4,554 77275 IDEX CORP COM 5,761 91 8.566.25201 IDEXX LABS INC 5,609.67 10,741 44163 IHS INC COM CL A COM CL A 8,035.88 8.93403528 I[-VI INC COM 11,637 12 16.790.401525 ILLINOIS TOOL WKS INC COM 72,867 17 73.184 75418 ILLUMINA INC COM 15,983 48 12.811 701013 IMMERSION CORP COM 3.873 55 4.629411402 IMMUCOR INC COM STK 19.445.74 28,376 481205 IMMUNOGEN INC COM 7,58776 9,471.301969 IMMUNOMEDICS INC COM 5.08002 6,320491375 IMPAX LABORATORIES INC COM 10,257 40 18,700.001091 IMPERIAL OIL LTD COM NEW 55.002 77 42.178 06431 IMPERIAL SUGAR CO NEW COM NEW COM NEW 5,572.83 7.516641840 INCYTE CORP COM 6,235 24 16.762 40542 INDEPENDENT BK CORP MASS COM 11,349 11 1 1.322 381671 INFINERA CORP COM STK USDO 001 15,623.84 14,821.77397 INFINITY PPTY & CAS CORP COM 15,364 12 16,134 081698 INFORMATICA CORP COM 22,085 89 43,910 28932 INFOSPACE INC COM PAR $.0001 COM PAR $ 0001 6,52400 7,987 241200 INGERSOLL-RAND PLC COM STK 57,504 00 42,888.00541 INGLES MKTS INC CL A 8,38632 8,185 33550 INGRAM MICRO INC CL A 9,844 98 9,597 501649 INLAND REAL ESTATE CORP COM NEW STK 14,642 11 13.439 35413 INNOPHOS HLDGS INC COM STK 6190701 9,494.87621 INNOSPEC INC COM STK 6,930 41 6.265 891010 INSIGHT ENTERPRISES INC COM 12,195 15 1 1,534 20860 INSITUFORM TECHNOLOGIES INC CL A COMMON STOCK 14,408.67 19,539 201266 INSPIRE PHARMACEUTICALS INC COM 6,936 16 6,98832

688 INSTEEL INDS INC COM 5.846 28 8.944 00672 INSULET CORP COM STK 4.996 99 9,596.16

375 INTEGRA LIFESCIENCES HOLDING CORP COM DESPERATE 11,968 32 13.792.50

828 INTEGRATED DEVICE TECHNOLOGY INC COM 5,22468 5.357 16260 INTEGRYS ENERGY GROUP INC COM STK 7,96897 10.917.40

35674 INTEL CORP COM 718,631 95 727.749 6019052 INTEL CORP COM 374,325 95 388,660.80322 INTERACTIVE BROKERS GROUP INC CL COM 5,071 47 5.705 84124 INTERACTIVE DATA CORP COM 3143662 3,137 20248 INTERCONTINENTALEXCHANGE INC COM 28.211 55 27,850.40

870 INTER-DIGITAL INC PA COM 21,304 13 23,089 801 138 INTERFACE INC CL A 7.170 78 9.456.78748 INTERLINE BRANDS INC COM 10,792.37 12,917.96

1234 INTERMEC INC COM 16.424.86 15,869 24844 INTERMUNE INC COM 12,814 36 11.005 76

Statement 18 Page 25

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

1742 INTERNAP DELAWARE INC COM PAR $.00I COM STK 6.216.20 8.18740281 INTERNATIONAL ASSETS HLDG CORP COM 4,804 54 4,085 741038 INTERNATIONAL BANCSHARES CORP COM 11,083 76 19,649 344490 INTERNATIONAL BUSINESS MACHS CORP COM 564,840.21 587,741.009746 INTERNATIONAL BUSINESS MACHS CORP COM 1,061,361 89 1,275,751 402167 INTERNATIONAL COAL GROUP INC NEW COM 9,956.86 8,364.62

INTERNATIONAL FLAVORS & FRAGRANCES INC COMMON STOCK $ 12

268 1/2 PAR 8.81246 11,025.521007 INTERNATIONAL GAME TECHNOLOGY COMMON STOCK $.0I PAR 18.310 03 18,901 391469 INTERNATIONAL PAPER CO. COMMON STOCK $1 PAR 38,861 06 39,339 82338 INTERNATIONAL RECTIFIER CORP COM 5,069.97 7.47656350 INTERNATIONAL SHIPHOLDING CORP COM NEW COM NEW 9.232.50 10.874.501010 INTERNET CAP GROUP INC COM NEW 7,537.24 6.716.501626 INTERPUBLIC GROUP OF COMPANIES INC COMMON STOCK $ 10 PAR 9,95429 11,999.88416 INTERSIL CORP 5,295 18 6,381 441044 INTERVAL LEISURE GROUP INC COM STK 7,59666 13.018.68

796 INTEVAC INC COM 7.625.60 9.130.12179 INTREPID POTASH INC COM 4,779.28 5,221 43

1098 INTUIT COM 30.856 92 33,719 58129 INTUITIVE SURGICAL INC COM NEW STK 38.467.07 39,128 28575 INVACARE CORP COM 10,124 77 14.340 50761 INVENTIV HEALTH INC COM STK 10,463.69 12,305.37268 INVERNESS MED INNOVATIONS INC COM 9,374.61 11.12468

1411 INVESCO LTD COM STK USDO 10 26,791 78 33.144.39246 INVESTMENT TECHNOLOGY GROUP INC NEW COM 4.951 98 4.84620546 INVESTORS BANCORP INC COM STK 5.694 78 5.973 24

1665 INVESTORS REAL ESTATE TR COM STK 14,793 52 14.985.00

2165 ION GEOPHYSICAL CORP COM STK 16.806 35 12,816.80

816 IOWA TELECOMMUNICATION SVCS INC COM STK 10,002 30 13,676 16

368 IPC THE HOSPITALIST CO INC STK 6,926.09 12,236.00

369 IPG PHOTONICS CORP COM 5,132 79 6.177 06562 IRIS INTL INC COM STK 6.691.68 6,94632

527 IROBOT CORP COM 6,977 48 9.275 20613 IRON MTN INC COM STK 17,370 28 13,951 88

1853 ISIS PHARMACEUTICALS CALIF COM 29,956 49 20.568 30

377 ISLE CAPRI CASINOS INC COM 5.255 38 2,819961 191 ISTA PHARMACEUTICALS INC COM NEW STK 5.299.86 5;430 96

2261 ISTAR FINL INC COM 6.398 42 5.788 16

140 ITC FILDGS CORP COM STK 6.457 47 7.292 60

135 ITRON INC COM STK NPV 7.506 00 9,121 95

619 ITT CORP INC COM 26,999 99 30.789 06

131 ITT EDL SVCS INC COM 11,949 47 12.570 76

359 J & J SNACK FOODS CORP COM STK NPV 13,255 72 14.345 64

1001 J CREW GROUP INC COM 26,596 47 44.784 74

888 J2 GLOBAL COMMUNICATONS INC COM NEW 19,947 36 18,070 80

840 JABIL CIRCUIT INC COM 10.012 72 14.590 80

1113 JACK IN THE BOX INC COM 25.821.52 21.892 71

799 JACKSON HEWITT TAX SVC INC COM 5.257 34 3.515 60

419 JACOBS ENGR GROUP INC COM 18.820 73 15.758 59

673 JAKKS PAC INC COM 8,802 79 8,156 76

550 JAMES RIV COAL CO COM NEW STK 8.29868 10,191 50612 JANUS CAP GROUP INC COM 9.933 10 8,231.40

Statement 18 Page 26

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part 11 , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

298 JARDEN CORP COM 5,706.67 9,211.18

639 JDA SOFTWARE GROUP INC COMMON STOCK 10,068.72 16,275.33

875 JDS UNIPHASE CORP COM PAR $0.001 COM PAR$0.00I 4,900.00 7,21875394 JEFFERIES GROUP INC NEW COM 7,026.05 9,349 624272 JETBLUE AWYS CORP COM 18,708.80 23,282.40

527 JO-ANN STORES INC COM STK 11,21293 19.098 48

654 JOHN BEAN TECHNOLOGIES CORP COM STK 8.554.28 11.124.549522 JOHNSON & JOHNSON COMMON STOCK $1 PAR 614.729.48 613,312.02

13153 JOHNSON & JOHNSON COMMON STOCK $1 PAR 865,515.57 847,184.73

2018 JOHNSON CONTROLS INC. COMMON STOCK $2 50 PAR 57.582.42 54,970.32

1699 JONES APPAREL GROUP INC COMMON STOCK 18,298 06 27,285 94

152 JONES LANG LASALLE INC COM STK 5.081 34 9,18080

364 JOS A BANK CLOTHIERS INC COM 12.681.76 15,357.16

347 JOY GLOBAL INC COM 19,250 17 17,901.73

12771 JPMORGAN CHASE & CO COM 525,211 02 532.167 57

42887 JPMORGAN CHASE & CO COM 1,633,060.22 1,787,101 29

1777 JUNIPER NETWORKS INC COM 41,494 02 47,392 59

531 K12 INC COM STOCK USD.0001 11,15097 10,763 37

307 KAISER ALUM CORP COM PAR $0 01 COM PAR $0.01 10,931.53 12,777.34

626 KAMAN CORP COM 10,772 83 14,454.34

311 KANSAS CITY SOUTHN 3.86977 10,353.19

661 KAYDON CORP COM 27,541 34 23,637 36

365 KB HOME COM 4,89001 4.993 20

545 KBR INC COM 12,602 68 10,355.00

694 KBW INC COM STK 20,403 53 18,987.84

864 KELLOGG CO. COMMON STOCK $.50 PAR 41,107.48 45,964.80

652 KELLY SERVICES INC CLASS A COMMON STOCK 7,429.87 7,77836

459 KENDLE INTL INC COM 5,558 49 8,404 29627 KENEXA CORP COM 7,44243 8,18235

248 KENNAMETAL INC. CAPITAL STOCK $1.25 PAR 4,47432 6,428 16

2459 KEY ENERGY SVCS INC 14,550.29 21,614 61

1753 KEYCORP NEW COMMON STOCK 17,267.96 9,729.15

872 KEYNOTE SYS INC COM ISIN US4933081006 6,65536 9,513.52

717 KFORCE INC 6.190 88 8,962 50717 KILROY RLTY CORP COM 14,998 88 21,990 39

1 196 KIMBALL INTL INC CL B 7,875.60 10J8992

1407 KIMBERLY-CLARK CORP COMMON STOCK $5 PAR 85,083.83 89,639.97

1278 KIMCO REALTY CORP COMMON STOCK 16,921 39 17,291 34

776 KINDRED HEALTHCARE INC COM STK 10,265 16 14.324 96

208 KINETIC CONCEPTS INC COM NEW COM NEW 5,622 22 7,831 20

842 KING PHARMACEUTICALS INC COM 8,260 02 10,331 34182 KIRBY CORP COM 5.82986 6.339.06338 KIRKLANDS INC COM 3.785.57 5,871.06

577 KLA-TENCOR CORP 16,643 89 20,864 32

1734 KNIGHT CAP GROUP INC COM 30,030 28 26,703 60

1007 KNIGHT TRANSN INC COM 16,927 14 19,425 03

1111 KNOLL INC COM NEW COM 13.313.39 11,476.63

784 KNOLOGY INC COM 6,895 67 8.584 80794 KNOT INC COM STK 6,352 00 7.995 58

805 KOHLBERG CAP CORP COM 5,375 00 3,670 801035 KOHLS CORP COMMON STOCK 55,024 64 55,817 55

785 KOPIN CORP COM 7.104 30 7,461.30

Statement 18 Page 27

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part 11 , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuanti ty Description Cost Market Value

407 KOPPERS HLDGS INC COM 11.099.88 12,389.081027 KORN / FERRY INTL COM NEW 11,368.89 16,945.505003 KRAFT FOODS INC CL A 137,034.64 135,981 541667 KRISPY KREME DOUGHNUTS INC COM STK 5,018.34 4.917.652216 KROGER CO., COMMON STOCK, $1 PAR 54,790.71 45,494 48824 K-SWISS INC CL A 7,671.36 8,190 561508 KULICKE & SOFFA INDS INC COM 5,711.16 8,128 121488 L-1 IDENTITY SOLUTIONS INC COM 24.904.06 11,145 12395 L-3 COMMUNICATIONS HLDG CORP COMMON STOCK 30.451.39 34,345 251326 LA Z BOY INC COM 6,61462 12,636 78367 LABORATORY CORP AMER HLDGS COM NEW COM NEW 22,023.67 27,466 281498 LABRANCHE & CO INC COM ISM US554471025 6,750.98 4,254.32529 LACLEDE GROUP INC COM 17,874.86 17,864.33478 LADISH INC COM NEW 6,200.66 7,208.24429 LAM RESH CORP COM 12,412.75 16,821 09327 LAMAR ADVERTISING CO CL A COMMON STOCK 5,342.18 10,166 43381 LANCASTER COLONY CORP. COMMON STOCK $1 PAR 14,292.00 18,935 70631 LANCE INC COM STK USD0.83 1/3 12.835.17 16,595.30217 LANDAUER INC COM 13,812.68 13,323.801065 LANDEC CORP COM 8,018.87 6,645 60199 LANDSTAR SYS INC COM 7,219.90 7.715 23

1079 LAS VEGAS SANDS CORP COM STK 17,132 79 16,120.261062 LASALLE HOTEL PPTYS COM SH BEN INT 13,190 04 22.546 263815 LATTICE SEMICONDUCTOR CORP COMMON STOCK 7,093 99 10.300.50376 LAUDER ESTEE COS INC CL A 12,586 85 18,183.36669 LAWSON PRODS INC COM 8,476.16 11,807.85

2735 LAWSON SOFTWARE INC NEW COM STK 15,726 23 18,187 75451 LAYNE CHRISTENSEN CO COM 9,298 27 12,948 21200 LEAP WIRELESS INTL INC COM NEW COM STK 6,023.50 3,51000675 LEGG MASON INC. COMMON STOCK 19,321.25 20,358 00532 LEGGETT & PLATT INC COMMON STOCK $1 PAR 8,019.56 10.852 80324 LENDER PROCESSING SVCS INC COM STK 9,149.07 13.173.84638 LENNAR CORP CL A CL A 10,392 96 8,147.26285 LENNOX INTL INC COM 9,869 50 11,126.40

2762 LEXINGTON REALTY TRUST COM 11,489.64 16.792 96315 LEXMARK INTL INC NEW CL A 5,269.93 8,183.70368 LHC GROUP INC COM 8,522.84 12,368 48904 LIBERTY GLOBAL INC COM SER A 17,858.71 19,806 64368 LIBERTY MEDIA CORP NEW CAP COM SERA 4,908.16 8,787.84

2025 LIBERTY MEDIA CORP NEW INTERACTIVE COM SERA 22,030.99 21,951.00LIBERTY MEDIA CORP NEW LIBERTY STARZ COMSER A LIBERTY

186 STARZ COM SER A 6,61441 8,583 90358 LIBERTY PPTY TR SH BEN INT 8,316 30 1 1,459 58593 LIFE TECHNOLOGIES CORP COM STK 23,699 23 30,972 39801 LIFE TIME FITNESS INC COM 19,057 49 19.968 93

2672 LIGAND PHARMACEUTICALS INC COM 7,881 06 5,798.24212 LINCARE HLDGS INC COM 5.021 86 7,869 44144 LINCOLN ELEC HLDGS INC COM 10,088 15 7.69824870 LINCOLN NATIONAL CORP COMMON STOCK NO PAR 15,103 19 21,645 60283 LINDSAY CORPORATION COM 10,124.89 1 1,277 55393 LINEAR TECH CORP DEL 9,873 89 12,002 22

2717 LIONBRIDGE TECHNOLOGIES INC COM 5,515 51 6,249 10

Statement 18 Page 28

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

541 LITHIA MTRS INC CL A 5,306.99 4,447 02511 LITTELFUSE INC COM 12.678 12 16,428.651879 LIVE NATION ENTERTAINMENT INC 9,507 55 15,990.291353 LIVEPERSON INC COM STK ISIN# US5381461012 5,290.23 9,430.412070 LIZ CLAIBORNE INC, COMMON STOCK NO PAR 6,023.49 11,654 10476 LKQ CORP COM LKQ CORP 8,384 74 9,324 841080 LOCKHEED MARTIN CORP COM 109,057 52 81,378.001113 LOEWS CORP COM 35,265 14 40,457.555351 LOGITECH INTERNATIONAL SA CHFO.25(REGD) (POST-SUBD) 160,302 59 91,502.10250 LORAL SPACE & COMMUNICATIONS INC COM 6,487.48 7,902.50571 LORILLARD INC COM STK 39,702 38 45,811 33

2273 LOUISIANA-PACIFIC CORP COMMON STOCK, $1 PAR 8,578 45 15,865 5440032 LOWES COS INC COMMON STOCK $.50 PAR 964,751.18 936,348 485007 LOWES COS INC COMMON STOCK $.50 PAR 103,052.36 117,1 13.73417 LSB INDS INC COM 7,03679 5,87970

2204 LSI CORP COM STK 11,937 46 13,246.04572 LTC PPTYS INC COM 12,052 90 15,301 00229 LUBRIZOL CORP COMMON STOCK, NO PAR 11,234.72 16,705 55334 LUFKIN INDS INC COM 14.168 96 24,448 80890 LULULEMON ATHLETICA INC COM 11,657 44 26,789.00915 LUMINEX CORP DEL COM 16,942 14 13.660 95294 M & F WORLDWIDE CORP COM 5,906.46 11,61300243 M & T BK CORP COMMON STOCK 13,237.61 16.254 27510 M / I HOMES INC 4,982.65 5.298 90166 M D C HLDGS INC COM 4,975.02 5,15264

293 11 MACERICH CO COM 5,393.21 10,537.30265 MACK CALI RLTY CORP COM REIT 7,08664 9,161 051428 MACYS INC COM STK 19,219.13 23,933 28365 MADDEN STEVEN LTD COM 9,45850 15,052 60702 MAGELLAN HEALTH SVCS INC COM NEW 23,466.86 28.592.461290 MAIDEN HOLDINGS LTD\MAIDEN HOLDINGS LTD\COM STK 8,875 20 9,442 80569 MANHATTAN ASSOCS INC COM 14,188 99 13,673 07950 MANITOWOC INC COM 5,21541 9,471.501163 MANNKIND CORP COM 9,732 57 10,187.88318 MANPOWER INC WIS COM 13.284 11 17,35644435 MANTECH INTL CORP CL A CL A 21,190 16 21,001.80

2404 MARATHON OIL CORP COM 72.961 16 75,052 882398 MARCHEX INC CL B CL B 8.647 76 12,181 84573 MARCUS CORP DEL COM 6.354 57 7,345 86260 MARINER ENERGY INC COM STK 3,11218 3.018 6033 MARKEL CORP HOLDING CO COM 9,28026 1 1,220 00

833 MARKETAXESS HLDGS INC COM STK 8,30493 1 1,578 701217 MARRIOTT INTL INC NEW COM STK CL A 25.838.07 33,163 251775 MARSH & MCLENNAN CO'S INC, COMMON STOCK. $1 PAR 37,403 71 39,192 001344 MARSHALL & ILSLEY CORP NEW COM STK 12,099 06 7.32480659 MARTEK BIOSCIENCES CORP COM STK USD0.10 1 1,552 27 12,481.46

151 MARTIN MARIETTA MATLS INC COMMON STOCK 12,507 88 13,500 911381 MARVELL TECH GROUP COM USDO 002 26,045 52 28,655 751220 MASCO CORP COMMON STOCK, $1 PAR 13,930 46 16,848 201008 MASIMO CORP COM STK 23,238 90 30,663 36290 MASSEY ENERGY CO COM 5,52737 12,182.901036 MASTEC INC COM 12,090 09 12,950.00

Statement 18 Page 29

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

289 MASTERCARD INC CL A 70.011.82 73,978.22646 MATRIX SVC CO COM 7,587 59 6,879.901110 MATRIXX INITIATIVES INC COM 6,127.09 4,684201218 MATTEL INC COM STOCK $I 00 PAR 19,987.26 24,335 64605 MATTHEWS INTL CORP CL A 19,073.65 21,435 151035 MAXIM INTEGRATED PRODS INC COMMON STOCK 16,754.89 21,010.50348 MAXIMUS INC COM 12,438.48 17,400 00569 MAXWELL TECHNOLOGIES INC COM 7,942 93 10,150.96898 MB FINL INC NEW COM 9,341 16 17,708.561623 MBIA INC COM 8.81289 6,45954442 MC CORMICK & CO, INC, COMMON, NON-VOTING, STOCK, NO PAR 15,437 86 15,969.46

21226 MC DONALDS CORP. COMMON STOCK, NO PAR 1,257,934.98 1,325,351 443790 MC DONALDS CORP. COMMON STOCK, NO PAR 208,102 43 236,647 60527 MCAFEE INC COM 15,055 99 21,380 39657 MCCORMICK & SCHMICKS SEAFOOD RESTAURANTSINC COM 4,723.76 4,572 72776 MCDERMOTT INTL INC COM STK $1 PAR 10,752.49 18,631 76

2057 MCG CAPITAL CORP COM 5,242 37 8.886 24569 MCGRATH RENTCORP COM 1 1,205 40 12,722 841068 MCGRAW HILL COMPANIES INC COM 32,134 28 35,788 68922 MCKESSON CORP 57,539 16 57,625 001434 MCMORAN EXPLORATION CO COM 8,302 43 11,500.68624 MDU RES GROUP INC COM 11,966 80 14,726 40398 MEAD JOHNSON NUTRITION CO COM COMMON STOCK 15,295 94 17,392 601514 MEADOWBROOK INS GROUP INC COM 10,181.65 1 1,203 60588 MEADWESTVACO CORP COM 12,525.94 16,834 44829 MEASUREMENT SPECIALTIES INC COM 5,980.38 8,331 45784 MEDASSETS INC COM STK 15.065.73 16,628 64

9022 MEDCO HEALTH SOLUTIONS INC COM 572,142 58 576,596 02132 MEDIACOM MUNICATIONS CORP CL A ISIN US58446K 1051 5,849.04 5,06004

1867 MEDICAL PPTYS TR INC COM REIT 11,663 66 18,670 001 163 MEDICINES COMPANY COM 9,936 65 9,699.421 170 MEDICIS PHARMACEUTICAL CORP CL A NEW 25,506 55 31,648 50372 MEDIFAST INC COM 4,271.38 1 1,375 76621 MEDIVATION INC COM STK 14.705 91 23,380 65155 MEDNAX INC COM 7,781 45 9,317 05

3802 MEDTRONIC, INC, COMMON STOCK, $.10 PAR 169,964 55 167,21 1.96759 MEMC ELECTR MATLS INC COM 19,961 46 10.337.581872 MENTOR GRAPHICS CORP COM 1 1,734 63 16.529 76513 MERCADOLIBRE INC COM STK 13,675 58 26.609 31

10359 MERCK & CO INC NEW COM 351,091 80 378,517 86637 MERCURY COMPUTER SYS INC COM 6,1 14 57 7,013.37149 MERCURY GENERAL CORP.. NEW COMMON STOCK 5,08696 5,849 74355 MEREDITH CORP COM 10.287 86 10,951.75806 MERIDIAN BIOSCIENCE INC COM 24.167 01 17,369 30639 MERIT MED SYS INC COM 10,943.54 12,32631623 MERITAGE HOMES CORP COM 11,609.72 12.042 59608 METABOLIX INC COM STK 4,784 82 6.730 561072 METALICO INC COM 4,695 36 5,27424983 METHODE ELECTRS INC COM 7,333 08 8.532 441960 METLIFE INC COM 55,320 63 69.286.00718 MET-PRO CORP., COMMON STOCK, $.10 PAR 7,91930 7,625.16429 METRO BANCORP INC PA COM STK 4,945.97 5,392 53

Statement 18 Page 30

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

860 METROPCS COMMUNICATIONS INC COM COM 12,763 44 6,561 80114 METTLER-TOLEDO INTL INC COM 8,950 39 11,968 86

5077 MFA F[NL INC 33,848 38 37,315.9525597 MFC ISHARES INC MSCI JAPAN INDEX FD 337,418.29 249,314.78

230685 MFC ISHARES TR MSCI EAFE INDEX FD 12,840,762.64 12,756,880.50185460 MFC ISHARES TR MSCI EMERGING MKTS INDEX FD 7,615,395.61 7.696.590.0056160 MFC ISHARES TR RUSSELL 2000 INDEX FD 3,373,531.20 3,496,521.6087500 MFC ISHARES TR S&P 500 INDEX FD 12,432,632.66 9,765.875.00

455 MFC KAYNE ANDERSON ENERGY DEV CO COM STK 5,783.00 6,620.25319884 19 MFO COHEN & STEERS INTL RLTY FD INC CL 1 5,306,979.92 3,361,982.83

787282 74 MFO LAZARD FDS INC INTL SMALL CAP PORTFOLIO OPEN END FUND 10,100,000.00 5,259,048.70559 MGE ENERGY INC COM 19,168.90 19,978.66

2488 MGIC INVT CORP WIS COM 5.572 59 14.380 64665 MGM MIRAGE COMMON STK 20.490.21 6,064.80621 MICROCHIP TECHNOLOGY INC COM 14,974 72 18.046.261275 MICROMET INC COM STK 6,426.00 8,491.502876 MICRON TECHNOLOGY, INC, COMMON STOCK, $.10 PAR 24,272.30 30,370.56260 MICROS SYS INC COM 8,758 72 8,067.801614 MICROSEMI CORP COM 23,321.68 28,648.50

26195 MICROSOFT CORP COM 768,289 74 798,685.5518955 MICROSOFT CORP COM 497,122 47 577,937 95212 MICROSTRATEGY INC CL A NEW 10,803.52 19,932 24

2952 MICROTUNE INC DEL COM 6,99624 6,671 522186 MICROVISION INC DEL COM 6,623 36 6,92962636 MICRUS CORP STK 5,889 30 9,546.36561 MID-AMER APT CMNTYS INC COM 18,594 73 27.085 08324 MIDDLEBY CORP COM 14,563.80 15,882 48782 MIDDLESEX WTR CO COM 11,344 82 13.786 661069 MILLER HERMAN INC COM 16,270.07 17,082.621354 MILLICOM INTERNATIONAL CELLULAR COM USDI 50 (POS"I'-SUBD) 136,573 78 99,884.58188 MILLIPORE CORP COM 13,176 92 13.601.80530 MINE SAFETY APPLIANCES CO COM 13.169 40 14,060 90372 MINERALS TECHNOLOGIES INC COM 16,079 94 20.262.84445 MIRANT CORP NEW COM 9,87848 6,795 151376 MISSION WEST PPTYS INC MD COM STK 9,612.28 9,893 44

980 MKS INSTRS INC COM 15,866 40 17,061 80802 MOBILE MINI INC COM 17,305 99 11,300 18

1 186 MODINE MFG CO COM STK 7,52028 14.042 24

1 102 MODUSLINK GLOBAL SOLUTIONS INC COM 7,712 90 10.369 82188 MOHAWK INDS INC COMMON STOCK 6,69923 8,948.80447 MOLEX INC ; COMMON STOCK, $ 05 PAR 7,1 16 24 9,632.85434 MOLSON COORS BREWING CO CL B CL B 20,058 44 19.599.44789 MOMENTA PHARMACEUTICALS INC COM STK 9,444 25 9,94929

3106 MONEYGRAM INTL INC COM 7.451 37 8.945.28673 MONOLITHIC PWR SYS INC COM 15,260 61 16.131 81478 MONRO MUFFLER BRAKE INC COM 9,76823 15.984 321854 MONSANTO CO NEW COM 142.304.55 151.564 509557 MONSANTO CO NEW COM 747,096 77 781.284 75428 MONSTER WORLDWIDE INC COM 5,131 68 7.447201717 MONTPELIER RE HOLDINGS LTD COM 24,621 77 29,738 44637 MOODYS CORP COM 18,585.02 17.071 60

Statement 18 Page 31

2009 Federal Statements 20-5132900

Client REES-DONE THE Rees -Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

846 MOOG INC CL A 22,571.21 24,728.58

4669 MORGAN STANLEY COM STK USD0.01 143,933. 88 138,202.4034282 MORGAN STANLEY COM STK USD0.01 989,404.98 1,014,747.20

932 MORGANS HOTEL GROUP CO COM STK 4,854.32 4,221.96537 MOSAIC CO COM 32,202.06 32,075 01

7787 MOTOROLA INC., COMMON STOCK, $3 PAR 66,031.65 60,427.12

3523 MOVE INC COM STK 8,06626 5,848 18340 MSCI INC CL A CL A 8,278.97 10,812 00426 MTS SYS CORP COM 9,031.20 12,243.24

738 MUELLER INDS INC COM 15,784.42 18,331.92

2554 MUELLER WTR PRODS INC COM SER A STK 9,239 48 13.280 80

1035 MULTIMEDIA GAMES INC COM 5.317.90 6,220 35

648 MURPHY OIL CORP. COMMON STOCK. $1 PAR 38.400.24 35,121.60

725 MVC CAP INC COM 6,227.75 8,555 00

264 MWI VETERINARY SUPPLY INC COM STK 9,616.52 9,95280

764 MYERS INDS INC COM 6,669 64 6,952 40

1036 MYLAN INC 13,229.72 19,093 48

404 MYR GROUP INC DEL COM STK 8,197.12 7,30432

360 MYRIAD GENETICS INC COM 8,500.14 9,39600

55 MYRIAD PHARMACEUTICALS INC COM 159.96 276.65

19 N V R INC COMMON STOCK 9,561 37 13,503 49

990 NABI BIOPHARMACEUTICALS COM 5.068.70 4.851.00

7461 NABORS INDUSTRIES COM USDO 10 238,439.80 163,321 29

469 NALCO HLDG CO COM 7,910.15 11,964 19

1245 NARA BANCORP INC COM 6.660.63 14,118 30460 NASDAQ OMX GROUP 9,193 88 9,11720

368 NASH FINCH CO COM 10.071.42 13.649 12

931 NATIONAL CINEMEDIA INC COM 13,265.63 15.426 67

934 NATIONAL FINL PARTNERS CORP COM 7,004 95 7,556.06

240 NATIONAL FUEL GAS CO, COMMON STOCK, $10 PAR 8,800.78 12;000.00

607 NATIONAL HEALTH INVS INC COM 16,679.21 22,452 93

192 NATIONAL INSTRS CORP COM 5,478 58 5,654.40

1420 NATIONAL OILWELL VARCO COM STK 63,360 26 62,607 801953 NATIONAL PENN BANCSHARES INC COM 8.99942 1 1,307 87

1465 NATIONAL RETAIL PPTYS INC COM STK 26,018.25 31,087.30

780 NATIONAL SEMICONDUCTOR CORP, COMMON STOCK, $ 50 PAR 11.700 13 11,980.80

58 NATIONAL WESTN LIFE INS CO CL A 6,955 94 10,069 96349 NATIONWIDE HEALTH PPTYS INC REIT 9,050.47 12.277 82

669 NATUS MED INC DEL COM 7,731 33 9,894 51

992 NAVIGANT CONSULTING INC COM 13,302 62 14,741 12

304 NAVIGATORS GROUP INC COM 13.835 04 14,321 44

213 NAVISTAR INTL CORP NEW COMMON STOCK 8,958 76 8,23245

786 NBT BANCORP INC COM 17.259.37 16,010.82

177 NBTY INC COM 5,06041 7,706 58

269 NCI INC CL A CL A 8.207 08 7,437 85

538 NCR CORP COMMON STOCK 6,369.87 5,98794567 NEENAH PAPER INC COM 5,304.00 7.909 65

2027 NEKTAR THERAPEUTICS COM 12,971 58 18,891.64

443 NELNET INC CL A CL A 6,1 16 72 7,632 89

550 NEOGEN CORP COM 8,83720 12,985 501550 NESS TECHNOLOGIES INC COM 6,243 40 7,595 00

Statement 18 Page 32

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

NET I UEPS TECHNOLOGIES INC COM NEW NET I UEPS

759 TECHNOLOGIES INC 10,838.44 14,739.781130 NETAPP INC COM STK 37,672 17 38,860.701081 NETEZZA CORP COM 9,047.16 10,485.70143 NETFLIX INC COM STK 5,813.26 7,885.02784 NETGEAR INC COM 11,548.24 17,004.96359 NETLOGIC MICROSYSTEMS INC COM 13,303.71 16,607.34611 NETSCOUT SYS INC COM 5,725.04 8,945.04354 NETSUITE INC COM STK 5,059.79 5,656.921841 NEUROCRINE BIOSCIENCES INC COM 6,073.56 5,007 52652 NEUTRAL TANDEM INC COM STK 19,589 29 14.833 00746 NEW JERSEY RES CORP COM 28,260.94 27.900.401079 NEW YORK CMNTY BANCORP INC COM 14,107 16 15,656 29907 NEW YORK TIMES CO CL A ISIN #US6501 111073 5,042.83 11,210.52

See Also

Black Girl Nerds - Winamp

2124 NEWALLIANCE BANCSHARES INC COM 24,659.41 25,509.24943 NEWELL RUBBERMAID INC COM 13,761.12 14,154 43450 NEWFIELD EXPLORATION 14,768 99 21,703 50185 NEWMARKET CORP COM 12,899.40 21,232 45

1648 NEWMONT MINING CORP NEW COMMON STOCK 78,133 14 77,966 882328 NEWPARK RES INC COM PAR $0.01 NEW COM PAR $0 01 NEW 7,897 42 9.847 447734 NEWS CORP CL A COM 106,827 52 105.878 461203 NIC INC COM 8,404 52 10,995 42766 NICOR, INC., COMMON STOCK, $2.50 PAR 27,093.34 32,248.60563 NIl HLDGS INC COM NEW CL B NEW 12,172 48 18.905 541247 NIKE INC CL B CL B 76,611 29 82,389 29932 NISOURCE INC COM 11.305 07 14,334 16

4075 NOBLE CORPORATION (SWITZERLAND) COM USD0.10 224,755 93 165,852.50588 NOBLE ENERGY INC COM 35,344 62 41,877 36773 NORDIC AMER TANKER SHIPPING COM STK ISIN#BMG657731060 24,277.26 23,190 00668 NORDSON CORP COM 29.1 17 77 40.868 24560 NORDSTROM, INC, COMMON STOCK, NO PAR 13,143.08 21.044 801246 NORFOLK SOUTHN CORP COM 66,895 45 65,315 32594 NORTHEAST UTILITIES, COMMON STOCK, $5 PAR 13,548 39 15.319.26529 NORTHERN OIL & GAS INC NEV COM STK 5,760 76 6,263 36

5481 NORTHERN TRUST CORP COM 1.011,853.74 81 1,204 40818 NORTHERN TRUST CORP COM 43.620.26 42,863.201098 NORTHROP GRUMMAN CORP COM 63.650 38 61,323.302424 NORTHSTAR RLTY FIN CORP COM 8.265 84 8,314 32487 NORTHWEST NAT GAS CO COM 21.950 02 21,934 48224 NORTHWEST PIPE CO COM 8,25440 6,016.64714 NORTHWESTERN CORP COM NEW COM NEW 16,650 41 18.578.28718 NOVATEL WIRELESS INC COM NEW 6,747 76 5.722.46

1536 NOVAVAX INC COM 4.469.61 4,085 76158 NOVELL INC COM 5,512.08 4.805.70

331 NOVELLUS SYS INC COM 5.818.12 7,725 541551 NPS PHARMACEUTICALS INC COM 7.163.29 5,273.40

1116 NRG ENERGY INC COM NEW 28.727.08 26,348.76362 NSTAR COM 11.774 19 13,321.60600 NTELOS HLDGS CORP COM 11.085.00 10,692.001017 NU SKIN ENTERPRISES INC CL A 15,977 05 27.326 79738 NUANCE COMMUNICATIONS INC COM 9,03226 11.468 521295 NUCOR CORP. COMMON STOCK, $.40 PAR 56,410.12 60.41 1.75

Statement 18 Page 33

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuanti Description Cost Market Value

530 NUTRACEUTICAL INTL CORP COM 5,565.00 6,556.10712 NUTRI SYS INC NEW COM 10,586 59 22,193.04725 NUVASIVE INC COM 30,678.82 23,185.50463 NV ENERGY INC COM 5,143.88 5,731.94144 NVE CORP COM NEW COM NEW 7,1 13.60 5,94864

1855 NVIDIA CORP COM 23,372.52 34.651 401048 NYSE EURONEXT COM STK 31.830.11 26,514 40554 0 CHARLEYS INC 5,083.23 3,628 70460 0 REILLY AUTOMOTIVE INC COM 16.410.77 17,535 202919 OCCIDENTAL PETROLEUM CORP 215,356 26 237.460 65

21988 OCCIDENTAL PETROLEUM CORP 1,518,709.80 1,788.723 80185 OCEANEERING INTL INC COM 5,871 36 10.826.20924 OCWEN FINL CORP COM NEW COM NEW 6,02003 8,842 68862 ODYSSEY HEALTHCARE INC COM 8,964 71 13.429.961517 OFFICEMAX INC DEL COM 9,617.63 19,250.73326 OGE ENERGY CORP COMMON STOCK 9,456.61 12,026 14206 OIL STS INTL INC COM ISIN US6780261052 5,182.94 8,093.74553 OLD DOMINION FGHT LINE INC COM 18.505.38 16,977 101321 OLD NATL BANCORP IND COM 20,008 73 16,420.03817 OLD REPUBLIC INTERNATIONAL CORP., COMMON STOCK, $1 PAR 8,07939 8,202 681420 OLIN CORP. COMMON STOCK, $1 PAR 17,125 06 24,878 40246 OLYMPIC STL INC COM 6,034.92 8.01468608 OM GROUP INC COM 19,852 24 19.085 121639 OMEGA HEALTHCARE INVS INC REIT 25,717.32 31.878 55402 OMNICARE INC, COMMON STOCK 12,821.79 9,72036754 OMNICELL INC COM 8,194.47 8.814261056 OMNICOM GROUP INC., COMMON STOCK $.50 PAR 35,582.46 41,342 40995 OMNIVISION TECHNOLOGIES INC COM 10,446.01 14,457.351533 OMNOVA SOLUTIONS INC COM 5,378.22 9,397291416 ON ASSIGNMENT INC COM 5,663.86 10.124 40

1708 ON SEMICONDUCTOR CORP COM 9,829.71 15,047 48

561 ONEBEACON INSURANCE GROUP LTD COM STK USDO 01 CLASS'A' 7,607 11 7,730.58

357 ONEOK INC COM STK 9,439.15 15,91149801 ONLINE RES CORP COM 5,097.56 4,213 26

1 131 ONYX PHARMACEUTICALS INC DEL COM 32,594.85 33,183 54

2498 OPENWAVE SYS INC COM NEW 5,768.88 5,695.44

639 OPLINK COMMUNICATIONS INC COM NEW 7,57209 10.473 21

302 OPPENHEIMER HLDGS INC CL A NON VTG SHS CL A NON VTG SHS 6,677 19 10,032 44641 OPTIMER PHARMACEUTICALS INC COM STK 9,498 16 7,230.48

840 OPTIONSXPRESS HLDGS INC COM STK 13,280 40 12,978.00

12985 ORACLE CORPORATION COM 285,936 67 318.651 9042621 ORACLE CORPORATION COM 956,378 84 1,045.919 34

1 122 ORBITAL SCIENCES CORP COMMON STOCK 19,437 36 17.121 72

297 ORCHIDS PAPER PRODS CO DEL COM 6,1 15.20 5,945 94

750 OREXIGEN THERAPEUTICS INC COM 5.264.93 5,58000572 ORIENTAL FINL GROUP INC COM 5.571.22 6,177.60

1528 ORIENT-EXPRESS HOTELS COM 13,024.84 15.493 92

486 ORION MARINE GROUP INC COM STK 9.253.39 10.235.16

391 ORTHOFIX INTL N V COM STK USD0.10 9.862.74 12,109.27

1675 ORTHOVITA INC CDT-COM STK ISIN# US68750U 1025 8.723 85 5,87925343 OSHKOSH CORPORATION 6.335.18 12.701 29196 OSI PHARMACEUTICALS INC COM 5.469.85 6,081 88

Statement 18 Page 34

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

380 OSI SYS INC COM 7,865.01 10,366.40997 OSIRIS THERAPEUTICS INC NEW COM 6,138.93 7,118.58787 OTTER TAIL CORP 17,585.91 19,517.6079 OVERSEAS SHIPHOLDING GROUP INC COM 1,806.82 3,472.05

434 OVERSTOCK COM INC DEL COM 5,550.86 5,885.04756 OWENS & MINOR INC NEW COM 31.052 24 32,455.08208 OWENS CORNING NEW COM STK 2,651.98 5,333.12571 OWENS ILL INC COMMON STOCK NEW 18,952 50 18,768.77496 OXFORD INDS INC COM 6.05209 10,257.28471 P F CHANGS CHINA BISTRO INC COM STK 13,446.67 17,855 611233 PACCAR INC, COMMON STOCK, $12 PAR 43,477.86 44.720 912557 PACER INTL INC TENN COM 4,601 07 8.080 121572 PACIFIC CAP BANCORP NEW COM 4,08484 1,509 121601 PACIFIC SUNWEAR CALIF INC COM 5,297 55 6,371.98308 PACKAGING CORP AMER COM ISIN US6951561090 5.195.16 7,08708448 PACTIV CORP COM 11.055.16 10,814 72645 PACWEST BANCORP DEL COM 9,306.42 12,996 75

2804 PAETEC HLDG CORP COM STK 7,793.44 11,636.601069 PAIN THERAPEUTICS INC COM ISIN US69562K 1007 5,868.70 5,72984399 PALL CORP COMMON STOCK, $.25 PAR 11,793.83 14.443.80

2742 PALM INC NEW COM 44,804 01 27.529 68523 PALOMAR MED TECHNOLOGIES INC COM NEW 7,713 58 5,271 84423 PANHANDLE OIL & GAS INC.CLASS A COMMON STOCK 8,375 36 10.955 70531 PANTRY INC COM ISIN #US6986571031 8,57265 7.21629433 PAPA JOHNS INTL INC COM 11,135.50 10,114 88777 PAR PHARMACEUTICAL COS INC COM 12,128 97 21,025 62

2305 PARAMETRIC TECHNOLOGY CORP COM NEW STK 28,955 78 37,663.701254 PAREXEL INTL CORP COM 21,155 77 17,681.40495 PARK ELECTROCHEMICAL CORP COM 12,677 07 13,681 80218 PARK NATL CORP COM 12,458 26 12,835 84

2308 PARKER DRILLING CO COM 10,154 97 1 1,424 60545 PARKER-HANNIFIN CORP., COMMON STOCK, NO PAR 28,593.00 29,364 60

657 PARKWAY PPTYS INC REIT 23,541 60 13,678 74

192 PARTNERRE HOLDING LTD COM STK 12,627 82 14,334 72

1270 PATRIOT COAL CORP-STOCK DISTRIBUTION 8.242.17 19,634 20341 PATTERSON COS INC COM 7,494.26 9,541.18

521 PATTERSON-UTI ENERGY INC COM 6,668.75 7,997 35

1093 PAYCHEX INC , COMMON STOCK 28,120.92 33.489 52

1163 PC-TEL INC COM 6.685.51 6,884962376 PDL BIOPHARMA INC COM 18,176 16 16,299 36

908 PEABODY ENERGY CORP COM STK 22,561 44 41.050.68

342 PEAPACK-GLADSTONE FINL CORP COM 6,350 78 4,336 56

356 PEETS COFFEE & TEA INC COM 8,30629 11.865.48298 PEGASYSTEMS INC COM 8,150 20 10,132.00

226 PENN NATL GAMING INC COM 6,635 36 6,142 68

902 PENN VA CORP COM 14,747 62 19,203.58814 PENNANTPARK INVT CORP COM 6,01 1 80 7,260.88

755 PENNEY, J C. CO, INC., COMMON STOCK. $.50 PAR 23,209 89 20,090 55

1000 PENNSYLVANIA REAL ESTATE INVT TR SH BEN INT 4,99993 8,46000333 PENTAIR INC., COMMON STOCK, $ 16 2/3 PAR 8,571 39 10,755 90

404 PEOPLES BANCORP INC COM STK 7.083 90 3.910721173 PEOPLES UTD FINL INC COM 17,945 18 19,589 10

Statement 18 Page 35

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuanti ty Description Cost Market Value

1084 PEP BOYS-MANNY, MOE & JACK, COMMON STOCK, $1 PAR 11,673.20 9,17064747 PEPCO HLDGS INC COM 12,967.34 12,586.95

5288 PEPSICO INC COM 314,685.81 321,510.4013424 PEPSICO INC COM 868,918 66 816,179.20748 PERFICIENT INC COM STK 5,354.56 6,305.64396 PERKINELMER INC COM 6,949.76 8,153 64

2066 PERMA-FIX ENVIRONMENTAL SVCS INC COM 5,123.68 4,68982270 PERRIGO CO COM 7,575.50 10,756.80598 PETMED EXPRESS INC COM STK 9.004.68 10,542 74936 PETROHAWK ENERGY CORP COM 20,431 29 22,454.64410 PETROLEUM DEV CORP COMMON STOCK 6,375 50 7,466.101048 PETROQUEST ENERGY INC COM 4,61 1.10 6,424.24428 PETSMART INC COMMON STOCK 9,293.16 1 1,423 32

27386 PFIZER INC COM STK $.I 11/9 PAR 488,429.75 498,151 341251 PG& E CORP COMMON STOCK 47,592.61 55,857 15356 PHARMACEUTICAL PROD DEV INC COMMON STOCK 8,147.88 8,344.64557 PHARMASSET INC COM 6,483.59 11,529.90689 PHARMERICA CORP COM STK 14,000.43 10,941.32962 PHASE FORWARD INC COM 14,045.10 14,766.701081 PHH CORP COM NEW COM NEW 19,992.50 17.414.91467 PHI INC COM NON VTG 8,217.80 9,66690

6879 PHILIP MORRIS INTL INC COM 344,231.64 331.499 0133852 PHILIP MORRIS INTL INC COM 1,627,005.43 1,631.327 88

175 PHILLIPS VAN HEUSEN CORP COM 5,053 98 7,119002994 PHOENIX COS INC NEW COM 5,327.50 8,323 321059 PHOTRONICS INC COM 4,490.07 4,712 55429 PICO HLDGS INC COM NEW STK 12,687 59 14,041 171317 PIEDMONT NAT GAS INC COM 32,595.67 35,229 752512 PIER I IMPORTS INC COM 5,648.48 12,786.081 194 PINNACLE ENTMT INC COM 11,380 82 10,722 12621 PINNACLE FINL PARTNERS INC COM 8,177.64 8,830.62343 PINNACLE WEST CAPITAL CORP COMMON STOCK 10,518 88 12,546 941220 PIONEER DRILLING CO COM STK 6,002.31 9.63800387 PIONEER NATURAL RESOURCES CO COMMON STK 9,74749 18,641.79391 PIPER JAFFRAY COS COM 17,486.22 19,788.51494 PITNEY BOWES INC., COMMON STOCK, $2 PAR 14,762.77 11.243 44408 PLAINS EXPL & PRODTN CO COM 11.277.08 1 1,285 28972 PLANTRONICS INC NEW COM 18.736 95 25,252 56937 PLATINUM UNDERWRITERS HLDGS INC COM USDO 01 30,904.33 35,877 73784 PLEXUS CORP COM 16.732 91 22.344 00553 PLUM CREEK TIMBER CO INC COM 18,509 63 20,881 281373 PLX TECHNOLOGY INC COM 5,297 28 4.434 791254 PMA CAP CORP CL A 6,367.40 7.900.201096 PMC SIERRA INC COMMON STOCK 8,176.10 9.491.36567 PMFG INC COM STK 5,527.97 9,191 07

2525 PMI GROUP INC COMMON STOCK 5.100.23 6.363 001563 PNC FINANCIAL SERVICES GROUP COM STK 74,146.65 82,510 771723 PNM RES INC COM 19.050 18 21,795 95609 POLARIS INDS INC COM 20,166 74 26,570 67186 POLO RALPH LAUREN CORP CL A 9,969.58 15,062 28

1576 POLYCOM INC COM 24.315.79 39,352 722334 POLYONE CORP COM 8,543 22 17,434 98

Statement 18 Page 36

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

529 POLYPORE INTL INC COM 4,031 56 6,295.10837 PONIARD PHARMACEUTICALS INC COM NEW STK 5,691.60 1,531.71962 POOL CORP COM STK 16,056 40 18,354.96

2272 POPULAR INC COM 4,862 08 5,134.72346 PORTFOLIO RECOVERY ASSOCS INC COM 13,441.00 15,528 481321 PORTLAND GEN ELEC CO COM NEW STK\ 26,218.85 26,961 61882 POST PPTYS INC REIT 12,124 76 17,287 201022 POTASH CORP SASK INC COM 193,279 17 110,887.00790 POTLATCH CORP NEW REIT 19,177 25 25,185 20191 POWELL INDS INC COM 7,292 38 6,022 23560 POWER INTEGRATIONS INC COM 18,369 03 20,361 60

3661 POWERWAVE TECHNOLOGIES INC COM 6.075 06 4,612 86720 POZEN INC COM 5,639 40 4,312 80558 PPG INDUSTRIES INC., COMMON STOCK, $1.66 2/3 PAR 27,315.55 32,665.321277 PPL CORP COM ISIN US69351T1060 44,283 08 41,259.871044 PRAXAIR INC COMMON STOCK 84,904.53 83,843.64316 PRECISION CASTPARTS CORP COM 31,367.79 34,870 601207 PREMIERE GLOBAL SVCS INC COM 13,871.04 9,957 75474 PRESIDENTIAL LIFE CORP COM 4,748.20 4,337 10862 PRESTIGE BRANDS HLDGS INC COM 5,344.39 6,775.32867 PRICE T ROWE GROUP INC COM 38,012 09 46,167.75141 PRICELINE COM INC COM NEW STK 27.509.57 30,808 50402 PRICESMART INC COM STK 6,918 42 8,21688589 PRIDE INTL INC DEL COM 13,860.14 18,794 991055 PRINCIPAL FINL GROUP INC COM STK 27,629 49 25,362 201255 PRIVATEBANCORP INC COM 18,641 12 1 1,257 35658 PROASSURANCE CORP COM 30,448 88 35,341 18

10075 PROCTER & GAMBLE CO., COMMON STOCK, NO PAR 625,860 10 610,847.25947 PROGRESS ENERGY INC COM 36,587 29 38,836.47793 PROGRESS SOFTWARE CORP COM 18.570.45 23,163 53

2313 PROGRESSIVE CORP, OHIO, COMMON STOCK, $I PAR 35,588 46 41,610 871503 PROLOGIS SH BEN INT SH BEN INT 20,651.07 20,576 071021 PROSPECT CAP CORP COM 9,836 19 12,058 01917 PROSPERITY BANCSHARES INC COM 25,284 59 37, 110 99467 PROTALIX BIOTHERAPEUTICS INC COM STK 5,454 56 3.091 54437 PROTECTIVE LIFE CORP., COMMON STOCK 5,243.66 7,232 351412 PROVIDENT FINL SVCS INC COM 16,340 25 15.037 801440 PRUDENTIAL FINL INC COM 67,690 32 71.654 40300 PS BUSINESS PKS INC CALIF COM 14,815.23 15.015 001181 PSS WORLD MED INC COM 21,232 34 26,655 171118 PSYCHIATRIC SOLUTIONS INC COM 27.975 48 23.634.521718 PUBLIC SERVICE ENTERPRISE GROUP INC , COMMON STOCK 61,651 78 57,123 50582 PUBLIC STORAGE COM 42.237 86 47,403.901304 PULTE GROUP INC 11,646.09 13,040 00

13644 QIAGEN N V COMMON STOCK 259,459 16 304,534 08403 QLOGIC CORP COM 5.241.98 7.604.615622 QUALCOMM INC COM 246,569.55 260.073 72439 QUALITY SYS INC COM STK 13,574 76 27.564 81869 QUANEX BLDG PRODS CORP COM STK 11, 184.24 14.746 93671 QUANTA SVCS INC COM 17,013 07 13,983.64

4173 QUANTUM CORP DSSG COM 10,346 12 12,226.89527 QUEST DIAGNOSTICS INC COM 29,089 18 31,820.26

Statement 18 Page 37

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuanti ty Description Cost Market Value

1304 QUEST SOFTWARE INC COM ISIN US74834T1034 18,059 85 23,993.60591 QUESTAR CORP., COMMON STOCK, $5 PAR 18,740.55 24,567.871483 QUESTCOR PHARMACEUTICALS INC COM 7,962.71 7,044.25538 QUICKSILVER RES INC COM 5,056.63 8,075.38609 QUIDEL CORP COM 8,757.42 8.392 02

4611 QUIKSILVER INC COM 7,912.85 9,314.224988 QWEST COMMUNICATIONS INTL INC COM 19,702 60 20.999.481320 RACKSPACE HOSTING INC COM STK 18,556.52 27.522.001961 RADIAN GROUP INC COM 5,778.28 14,334 91720 RADIANT SYS INC COM 6.262 92 7,488 00425 RADIOSHACK CORP DEL COM 5,983.96 8,287.50416 RADISYS CORP COM 2.595.80 3,972.80

2475 RAIT FINANCIAL TRUST COM 4.433 00 3,242.25464 RALCORP HLDGS INC NEW COM 27,834.59 27,705.44354 RAMBUS INC DEL COM 5,536.56 8,637 60884 RAMCO-GERSHENSON PPTYS TR COM SH BEN INTCOM SH BEN INT 7,84895 8,433.36531 RANGE RES CORP COM 21,861.22 26.470.35385 RAVEN INDS INC COM STOCK 10,397 70 12.231 45332 RAYMOND JAMES FINANCIAL INC COMMON STK 5,717 01 7,891 64268 RAYONIER INC REIT 9,681.15 11,298.881338 RAYTHEON CO USDO 01 71,441 44 68,933.76531 RBC BEARINGS INC COM 11,155 51 12,919 23487 RC2 CORP COM 6,743 49 7,183 251042 RCN CORP COM NEW 6.248.21 1 1,305 702004 REALNETWORKS INC COM 5,990 96 7,434 84228 REALTY INCOME CORP COM 5,049 78 5.907 48

641 RED HAT INC COM 18,588 95 19,806 90372 RED ROBIN GOURMET BURGERS INC COM 7,073 51 6,658801541 REDWOOD TR INC COM 22,852.88 22,282.86

659 REGAL BELOIT CORP COM 26.903 61 34,228.46

741 REGAL ENTMT GROUP CL A CL A 10,006.91 10,700 04

271 REGENCY CTRS CORP COM 10,629.05 9,501 26

1253 REGENERON PHARMACEUTICALS INC COM 23,356.85 30,297 54

3923 REGIONS FINL CORP NEW COM 21.658 41 20,752.67

872 REGIS CORP MINN COM 15,268 22 13,577.04

423 REHABCARE GROUP INC COM 10,321.20 12,871 89174 REINSURANCE GROUP AMER INC COM NEW STK 6,248.32 8.291 10

213 RELIANCE STL & ALUM CO COMMON STOCK 8,234 56 9,205 86

211 RENAISSANCE RE HLDGS LTD COMMON STOCK 10,266 90 11.214 65622 RENASANT CORP COM 9,669.24 8,459 20

1313 RENT A CTR INC NEW COM 24,921.86 23.266 36

496 RENTRAK CORP COM 8,402 19 8,764 32

831 REPLIGEN CORP COM STK USDO 01 3.018.25 3.415.41

1001 REPUBLIC AWYS HLDGS INC COM USDO 001 6,576.47 7,39739

1093 REPUBLIC SVCS INC COM 26,591.50 30,942 83

610 RES-CARE INC 9,344.20 6.832 00256 RESMED INC COM 10,347.44 13,381 12

895 RESOURCES CONNECTION INC COM 18,963.55 18,991.90280 REVLON INC CL A NEW COM STK 4,955.13 4,762.80

775 REX ENERGY CORP COM STK 5,888.45 9,300.00

507 REYNOLDS AMERICAN INC COM 20,985 44 26,855 79

5287 RF MICRO DEVICES INC COM 20,565 90 25.21899

Statement 18 Page 38

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

833 RIGEL PHARMACEUTICALS INC COM NEW STK 10,272 28 7,921 83551 RIGHTNOW TECHNOLOGIES INC COM 6,485 21 9,570.87379 RIMAGE CORP COM 6,52941 6,57186437 RISKMETRICS GROUP INC COM 7,651 85 6,95267

3311 RITE AID CORP., COMMON STOCK, $1 PAR 5,163.17 4,999.611088 RIVERBED TECHNOLOGY INC COM 25,174.69 24,991 36371 RLI CORP COM 16,977.33 19.755.75527 ROBBINS & MYERS INC COM 9,454.86 12,395.04519 ROBERT HALF INTL INC COM 12,300 25 13,872 87709 ROCK-TENN CO CL A CL A 28,306 75 35,740.69481 ROCKWELL AUTOMATION 17.946 32 22.597 38548 ROCKWELL COLLINS INC COM 32,368.64 30,337 28979 ROCKWOOD HLDGS INC COM 14,430 36 23,065.24654 ROFIN SINAR TECHNOLOGIES INC COM 13,726 48 15,440 941267 ROGERS COMMUNICATIONS INC CL B NON VTG CL B 52,702.89 39.277 00375 ROGERS CORP COM 8,021 25 1 1,366 25872 ROLLINS INC COM 13,404 19 16.812 16307 ROPER INDS INC NEW COM 14,883.21 16.077 591290 ROSETTA RES INC COM 11,532.60 25.709 70430 ROSS STORES INC COM . 14.647 69 18,365.30343 ROVI CORP COM 4,559 70 10,931 41384 ROWAN COMPANIES, INC, COMMON STOCK, $.125 PAR 7.445.72 8,693 76444 ROYAL CARIBBEAN CRUISES COM STK 6,384.68 11,224 32214 ROYAL GOLD INC COM STK USD0.01 10.159.05 10,079 40436 RPM INTERNATIONAL INC 6,137.75 8,863.88

1 197 RRI ENERGY INC COM 9,883 43 6,846 84

1 153 RSC HLDGS INC COM 8,04402 8,117 12

1602 RTI BIOLOGICS INC COM STK 6.880.92 6,151.68541 RTI INTL METALS INC COM 9,483.68 13.616.97391 RUBICON TECHNOLOGY INC COM MON STK 5,62227 7,941 211173 RUBY TUESDAY INC COM 7,822 80 8.445.60855 RUDDICK CORP COM 20,416 12 21,999 151104 RUDOPLH TECHNOLOGIES INC COM 10,906 89 7,418 88850 RUSH ENTERPRISES INC CL A CL A 10,284 92 10,106 50189 RYDER SYSTEM, INC. COMMON STOCK, $ 75 PAR 5,38459 7.781 13856 RYLAND GROUP, INC, COMMON STOCK, $1 PAR 14.671 72 16,863 20346 S & T BANCORP INC COM STK 5,83007 5.885461262 S I CORP COM STK 9,03403 8.228.24753 SAFEGUARD SCIENTIFICS INC COM NEW COM NEW 5,961 08 7.763 43364 SAFETY INS GROUP INC COM 13.079.39 13,187 721446 SAFEWAY INC COMMON STOCK NEW 32,276.76 30,785.34445 SAIA INC COM STK 8,17906 6,594 901702 SAIC INC COM STK USDO 0001 32.322.67 32,235 882363 SAKS INC COM 11.459.95 15,501 28367 SALESFORCE COM INC COM STK 15,021.59 27,073 591086 SALIX PHARMACEUTICALS LTD COM DELAWARE 10,696.10 27.584401868 SALLY BEAUTY HLDGS INC COM STK 12,239 05 14,290 20440 SANDERSON FARMS INC COM 20,472 58 18,550 40770 SANDISK CORP COM 1 1,448 67 22,322 30244 SANDRIDGE ENERGY INC COM 2.108.14 2,300.92500 SANDY SPRING BANCORP INC CMT-COM 7,49400 4.445.001209 SANGAMO BIOSCIENCES INC COM STK 6,08045 7.15728

Statement 18 Page 39

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

2016 SANTARUS INC COM 5,744.39 9,313921677 SAPIENT CORP COM 11,156.04 13.868 792363 SARA LEE CORP COM 25,141 11 28,781.341289 SAVIENT PHARMACEUTICALS INC COM STK 17,909.10 17,543.29

SAVVIS INC FORMERLY SAVVIS COMMUNICATIONS CORP TO817 05/16/2005 COM NE 9,361.19 1 1,478 85395 SBA COMMUNICATIONS CORP CL A COM 9,634.05 13,493 20413 SCANA CORP NEW COM 13,594.84 15,561 84527 SCANSOURCE INC COM 12,969.47 14,070 90394 SCBT FINL CORP COM 10,700.56 10,909 86306 SCHEIN HENRY INC COM 14,470.13 16.095 60

4010 SCHLUMBERGER LTD COM STK 248,879 60 261,010 907536 SCHLUMBERGER LTD COM STK 603,723 81 490,518 242225 SCHLUMBERGER LTD COM STK 217,946 82 144,825.25

72 SCHNITZER STEEL INDS INC CL A 2,787 51 3,434 40531 SCHOLASTIC CORP COM 12,166 48 15,839.73473 SCHOOL SPECIALTY INC WI COM 8,39907 11,063.47578 SCHULMAN A INC COM 9,062.17 11,664.04

3225 SCHWAB CHARLES CORP COMMON STOCK NEW 57,294.15 60,694.50364 SCHWEITZER-MAUDUIT INTL INC COM 10,603 17 25,607.40142 SCOTTS MIRACLE-GRO COMPANY CL A CL A 4,908 94 5,582.02298 SCRIPPS NETWORKS INTERACTIVE INC CL A COM STK 7,751.61 12,367.00814 SEABRIGHT INS HLDGS INC COM 8,392.34 9,352.86957 SEACHANGE INTL INC COM 7,988.08 6,287 49110 SEACOR HLDGS INC COM 9,832 00 8,387.50

1669 SEAGATE TECHNOLOGY HLDGS COM USDO 00001 28,525.20 30,359.1139 SEAHAWK DRILLING INC COM STK 964.15 879 06

538 SEALED AIR CORP NEW COM STK 10,285 59 11,760 68169 SEARS HLDGS CORP COM 12,593 08 14,103 05

1584 SEATTLE GENETICS INC COM 15,594 46 16,093 44

411 SEI INVTS CO COM 7,39693 7.200 72192 SELECTIVE INS GROUP INC COM 19,085 60 19,608 40

1032 SEMPRA ENERGY INC COM STK 51,527 70 57,771 361213 SEMTECH CORP COM 19,290.76 20,633.13332 SENIOR HSG PPTYS TR SH BEN INT SH BEN INT 5,573.65 7.260.84969 SENSIENT TECHNOLOGIES CORP COM 22.410 97 25,484 701434 SEQUENOM INC COM NEW STK 5,332 33 5,936.76912 SERVICE CORPORATION INTERNATIONAL. COMMON STOCK, $1 PAR 5,31687 7,46928

22180 SGS SA 272,203 96 289,227.20283 SHAW GROUP INC COM 7.722 33 8,136.25562 SHENANDOAH TELECOMMUNICATIONS CO CDT-COMCDT-COM 11,947.36 1 1.436 70336 SHERWIN-WILLIAMS CO., COMMON STOCK, $6 25 PAR 18,149 31 20.714.40

865 SHIP FINANCE INTERNATIONAL COMMON STK 10,048.36 11.789.95471 SHORE BANCSHARES INC COM 10,348.08 6.810.66

1169 SHORETEL INC COM 9,756 44 6.756.821407 SHUFFLE MASTER INC COM 9.706.19 11,593.68494 SHUTTERFLY INC COM 6.838.54 8.798 14

699 SIERRA BANCORP COM STK 5,633.94 5,333.37

662 SIGA TECHNOLOGIES INC COM 5.474 74 3,839.60

606 SIGMA DESIGNS INC COM 9,998 99 6,484.20414 SIGMA-ALDRICH, CORP, COMMON STOCK, $1 PAR *21.606.1 I 20.91942703 SIGNATURE BK NEW YORK N Y COM 17,828.08 22,425.70

Statement 18 Page 40

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

289 SIGNET JEWELERS LTD ORD USDO 18 6,082 .45 7,722.08477 SILGAN HLDGS INC COM 23,527.79 27,608.762410 SILICON IMAGE INC COM STK 5,878.95 6,21780151 SILICON LABORATORIES INC COM 5,823.28 7,299.34422 SIMMONS IST NAIL CORP CL A $5 PAR 11,583.90 11,731.60

816.02 SIMON PROPERTY GROUP INC COM 64,459.53 65,118.39758 SIMPSON MFG INC COMMON STOCK 16.583.20 20,382 62337 SIRONA DENTAL SYS INC COM STK 7,076.43 10,696.38777 SKECHERS U S A INC CL A CL A ISIN #US8305661055 7,788.54 22,851 571106 SKYWEST INC COM 14,168 73 18.713 523179 SKYWORKS SOLUTIONS INC COM 32,593.87 45.110 01260 SL GREEN RLTY CORP COM STK 6,308.61 13.062.401588 SLM CORP COM 18,291 42 17.896 761540 SMART BALANCE INC COM STK 10,545 92 9.240 001217 SMITH & WESSON HLDG CORP COM 4.399.33 4,977.53436 SMITH A 0 CORP COM 14,992.91 18,918 04745 SMITH INTERNATIONAL, INC, COMMON STOCK,NO PAR 40,143 31 20,241 65673 SMITH MICRO SOFTWARE INC COM STK 6,864.60 6,151 22412 SMITHFIELD FOODS INC COM 5.83800 6,25828637 SMITHTOWN BANCORP INC COM 9,900.24 3,790 15402 SMUCKER J M CO COM NEW COM NEW 19,632.59 24,823.50195 SNAP-ON INC COM 5.584 78 8,24070102 SOHU COM INC COM 6,42090 5,842 56

1382 SOLERA HLDGS INC COM 36,044 05 49,765 822293 SOLUTIA INC COM NEW COM NEW 17,239.13 29,121.10547 SONIC AUTOMOTIVE INC CL A 4,042.33 5,683.331348 SONIC CORP COM 17,971 48 13,574 361341 SONICWALL INC COM 7,911 90 10,205 01331 SONOCO PRODUCTS CO, COMMON STOCK, $1.25 PAR 8,091 63 9,681 75447 SONOSITE INC COM 8,868.48 10,562 61

4102 SONUS NETWORKS INC COM ISIN US8359161077 6,808.72 8.655.221332 SOTHEBYS HLDGS INC CL A (DELAWARE) 14,1 19 33 29,943 36582 SOURCEFIRE INC COM 7,558 14 15,568.50592 SOUTH JERSEY INDS INC COM 20,581 76 22,602 56

2658 SOUTHERN CO, COMMON STOCK, $5 PAR 85,129.42 88,564.56523 SOUTHERN COPPER CORP DEL COM 10,705.76 17,21 1.93378 SOUTHERN UN CO NEW COM 7,030.78 8,58060417 SOU"fHSIDE BANCSHARES INC CMT-COM CMT-COM 9,824 52 8,181 542516 SOUTHWEST AIRLINES CO, COMMON STOCK, S I PAR 20,377 62 28,757 88754 SOUTHWEST BANCORP INC OKLA COM 7,471 76 5,232 76889 SOUTHWEST GAS CORP COM 21,597 26 25,363 171391 SOUTHWEST WTR CO COM STK 7,79268 8,192.991321 SOUTHWESTERN ENERGY CO COM 52,227.70 63,672.20535 SOVRAN SELF STORAGE INC COM 13,092.13 19,1 15.55722 SPARTAN MTRS INC COM 5,991 73 4,064 86643 SPARTAN STORES INC COM 7,907 90 9,188 47902 SPARTECH CORP COM NEW 8.856 11 9.25452

9593 SPDR S&P 500 ETF TRUST 1.063,192.19 1,069,043 922191 SPECTRA ENERGY CORP COM STK 47.018 53 44,937.411241 SPECTRANETICS CORP COM 6,35947 8,637 36721 SPECTRUM CONTROL INC., COMMON STOCK, NO PAR 6,431 32 6,82787876 SPECTRUM PHARMACEUTICALS INC COM 5,667.24 3,889 44

Statement 18 Page 41

2009 Federal Statements 20-5132900

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Statement 18Form 990 -PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

363 SPIRIT AEROSYSTEMS HLDGS INC CL A 5,067.44 7,209.188392 SPRINT NEXTEL CORP 36,656.31 30,714 72166 SPX CORP COM 10,742.33 9,080 20829 SRA INTL INC CL A 14,924.00 15,833 90314 ST JOE CO COM 8,206.52 9,071.46

1 176 ST JUDE MED INC COM 48.085.92 43,253.28211 ST MARY LAND & EXPL CO COM 6,839.85 7,224.64865 STAGE STORES INC COM NEW COM NEW 7,01851 10,691 40166 STANCORP FINL GROUP INC COM 3,141.47 6,643 32514 STANDARD MICROSYSTEMS CORP COM 12,135.04 10.680 92611 STANDARD MTR PRODS INC COM 5,395 07 5.205.72

2463 STANDARD PAC CORP NEW COM 5,221.56 9,211 62507 STANDEX INTL CORP COM 6,098.35 10,185 63279 STANLEY INC COM 8,955.87 7.647.39

2430 STAPLES INC COM 48.554 94 59,753 702500 STAR-BUCKS CORP COM 55,167.59 57,650 00634 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM STK 17.822.72 23,185 38319 STARWOOD PROPERTY TRUST INC COM REIT 6,025.88 6,025911677 STATE STR CORP COM 84.258.22 73,016.58488 STEC INC COM STK 12,380.56 7,973 92618 STEEL DYNAMICS INC COM 12,036.55 10.950 961680 STEELCASE INC CL A COM 9,877.88 10,684 80601 STEIN MART INC COM 5,409.00 6.406.66342 STEINER LEISURE LTD COM STK USDO 01 11.035.82 13.597.92731 STELLARONE CORP COM STK 9,746.18 7,28076

3156 STEMCELLS INC COM 5,394.87 3,976 56179 STEPAN CO COM 8,124.06 1 1,600 99261 STERICYCLE INC COM 13,541.71 14,399.371085 STERIS CORP COM 29,075.04 30,347.451901 STERLING BANCSHARES INC COM 13.868 37 9.752 13283 STERLING CONSTR INC COM 5,028 88 5,427 941835 STEWART ENTERPRISES INC CL A COMMON STOCK 9,591.36 9,45025411 STEWART INFORMATION SVCS CORP COM 6,086.13 4,63608544 STIFEL FINL CORP COM 26,554.08 32,226.56805 STILLWATER MNG CO COM 6,931 04 7,631 40809 STONE ENERGY CORP COM 6,091 69 14,602 45

2976 STRATEGIC HOTELS & RESORTS INC 4,761.32 5,5353647 STRAYER ED INC COM 11,030.12 9,98703

1 149 STRYKER CORP 61,887.78 57,875 13205 STUDENT LN CORP COM 10,333.64 9,546 85519 STURM RUGER & CO INC COM 6,67034 5,034.30862 SUCCESSFACTORS INC COM STK 7,882 13 14,291 96381 SUFFOLK BANCORP COM 9,898 38 11.31570551 SUN COMMUNITIES INC COMMON STOCK 5,174.60 10,882 251071 SUN HEALTHCARE GROUP INC COM NEW COM NEW 9,486.92 9,821 071619 SUN TRUST BANKS, INC., COMMON STOCK $2.50 PAR 36,823 16 32,849 514450 SUNCOR ENERGY INC NEW COM STK 225,191 08 157,129 50397 SUNOCO INC COM 9,353.28 10,361.70327 SUNPOWER CORP COM CL A 8,125 59 7,743 361216 SUNRISE SENIOR LIVING 5,289 48 3,915.521685 SUNSTONE HOTEL INVS INC NEW COM 9,065 07 14,962.80781 SUPER VALU INC. COMMON STOCK 13,636 15 9,926.51

Statement 18 Page 42

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

2674 SUPERGEN INC COM 5,508.44 7,005.88289 SUPERIOR ENERGY SVCS INC COM 4,985.25 7,019.81764 SUPERIOR INDS INTL INC COM 11,506.69 11,689.20616 SUREWEST COMMUNICATIONS COM 6,773 16 6,135.36

2025 SUSQUEHANNA BANCSHARES INC PA COM STK 9,922 50 11.927 25784 SVB FINL GROUP COM 24,925 78 32,684 96619 SWIFT ENERGY CO COM 10,439 68 14,831 24589 SWS GROUP INC COM 7,729.99 7,126.90215 SYBASE INC COM 5,634.05 9,331.00

382.8 SYCAMORE NETWORKS INC COM NEW COM NEW 9,198 63 8,004 34787 SYKES ENTERPRISES INC COM 15,038.39 20,044 89

2789 SYMANTEC CORP COM STOCK 44,329 11 49,895.211326 SYMMETRICOM INC DEL 7,796.75 6,895 20855 SYMMETRY MED INC COM STK 8,241.70 6,891 301019 SYMYX TECHNOLOGIES INC COM 6,45027 5,604.50650 SYNAPTICS INC COM 25,157 60 19,922.50472 SYNCHRONOSS TECHNOLOGIES INC COM STK 6,135 76 7,462.321249 SYNIVERSE HLDGS INC COM STK 21,132.52 21,832.52382 SYNNEX CORP COM STK 10,730 37 11,712 12489 SYNOPSYS INC COM 9,592.91 10,894.92342 SYNOVIS LIFE TECHNOLOGIES INC COM 7,32648 4,415 221672 SYNOVUS FINL CORP COMMON STOCK 5.016.00 3,427.60196 SYNTEL INC COM 8,883 58 7,453.88459 SYNUTRA INTL INC COM STK 5,058 46 6,201 092004 SYSCO CORP, COMMON STOCK, $1 PAR 57,286.65 55.991 761597 TAKE-TWO INTERACTIVE SOFTWARE INC CDT-COM 15,600.49 16,049 85689 TALEO CORP COM CL A COM CL A 5,735.93 16.205 28662 TANGER FACTORY OUTLET CTRS INC COM 21,577 29 25,811 382554 TARGET CORP COM STK 113,591.07 123,536.981604 TASER INTL INC COM 7,56847 7,025 52186 TAUBMAN CTRS INC COM 4,95068 6,67926

1031 TCF FINANCIAL CORP COMMON STOCK 14,480 33 14,042.22888 TD AMERITRADE HLDG CORP COM STK 16,676 64 17,209.44524 TEAM INC COM STK 8,389 19 9,856.44170 TECH DATA CORP, COMMON STOCK 5,60830 7,932 20126 TECHNE CORP COM 9,84797 8,638 56

1055 TECHNITROL, INC., COMMON STOCK, $.12 I/2PAR 7,10008 4,62090723 TECO ENERGY, INC., COMMON STOCK, NO PAR 8,733 78 11,727 061065 TEc*msEH PRODS CO CL A 9,314.57 12,449 85237 TEEKAY CORP COM 5.026 77 5,500 77271 TEJON RANCH CO COM 7.243 83 7,918621324 TEKELEC COM 22.784 05 20,230 72927 TELECOMMUNICATION SYS INC CL A 6.691 09 8,973 36716 TELEDYNE TECHNOLOGIES INC COM 24,068 27 27,465 76135 TELEFLEX INC, COMMON STOCK, $1 PAR 6,139 10 7,275 15375 TELEPHONE & DATA SYS INC COM STK NEW 9,775 25 12,720 00645 TELETECH HLDGS INC COM 11,683 26 12,919.351344 TELLABS, INC., COMMON STOCK, NO PAR 7,873 82 7.633 92361 TEMPLE INLAND INC., COMMON STOCK 2,07290 7.620 711489 TEMPUR-PEDIC INTL INC COM 19,190.83 35,185 071773 TENET HEALTHCARE CORP COM 5.103.82 9,556.47444 TENNANT CO COM 8,359 10 11,628 36

Statement 18 Page 43

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part II, Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

1023 TENNECO INC 2,566.20 18,137.79586 TERADATA CORP DEL COM STK 14,003.67 18,417.98728 TERADYNE INC COM 5,1 10 49 7,811.44485 TEREX CORP NEW COM 9,957 47 9,607.851230 TERREMARK WORLDWIDE INC COM NEW COM NEW 7,242.86 8,413.20314 TESORO CORP 4,10709 4.254.70967 TESSERA TECHNOLOGIES INC COM STK 25,101 87 22,502.091243 TETRA TECH INC NEW COM 27,662.89 33,772.311497 TETRA TECHNOLOGIES INC DEL COM 12,589.68 16,586.76819 TEXAS CAP BANCSHARES INC COM 12,978.15 11,433.24469 TEXAS INDS INC COM 16,984.44 16,410.315004 TEXAS INSTRUMENTS INC COM 131.053 25 130.404.24994 TEXAS ROADHOUSE INC COMMON STOCK 11,141.40 11,162 62982 TEXTRON, INC., COMMON STOCK, $ 25 PAR 14,356.84 18,471.42281 TFS FINL CORP COM STK 3,180.50 3,41 1.34900 THE LIMITED BRANDS 11,916 70 17,316.001036 THE MEN'S WEARHOUSE INC COMMOM STOCK 23,452.66 21,818 161 146 THERAVANCE INC COM STK 17,475.81 14,978.221421 THERMO FISHER CORP 66,453 22 67,767 49179 THOMAS & BETTS CORP COM 3,792.83 6,406.41889 THOMAS WEISEL PARTNERS GROUP INC COM 5,41934 3,36042

1 123 THORATEC CORP 30.453 51 30,231 161496 T-HQ INC COM NEW 11,367 51 7,539.843491 TIBCO SOFTWARE INC COM 25.831.31 33,618.33173 TIDEWATER, INC, COMMON STOCK, $1 PAR 10,075 61 8,29535820 TIER TECHNOLOGIES INC COM DELAWARE 6,592 74 6,560 00421 TIFFANY & CO COMMON STOCK 11,817.80 18,103.00614 TIM HORTONS INC COM 17,256.47 18,733 14

866 TIMBERLAND CO CL A 11,855.45 15,527 38196 TIME WARNER CABLE INC COM 51.026.43 49,502 44

4064 TIME WARNER INC USDO 01 115,605.88 118,424 96

328 TIMKEN CO. COMMON STOCK, NO PAR 5,75965 7,776 88851 TITAN INTL INC ILL COMMON STOCK 6,33986 6,901.61439 TITAN MACHY INC COM 5.665 73 5,066.06

2130 TIVO INC COM 22,874 92 21,683 40

1404 TJX COS INC COMMON NEW 37,221.97 51.316 20

501 TNS INC COM 9,630 52 12.870 69462 TOLL BROS INC COM 7.932.49 8,690.22

1912 TOMOTHERAPY INC COM 5,055 65 7,456.80

225 "I'OMPKINS FINL CORP COM USDO 10 10,788 73 9,1 12 50

480 TOOTSIE ROLL INDS INC COM 11.121.55 13,142.40

281 TORCHMARK CORP, COMMON STOCK, $2 PAR 10,387 05 12,349.95

813 TOREADOR RES CORP COM 5.52640 8,048 70

121 TORO CO COM 3.402.78 5.05901549 TOTAL SYS SVCS INC COM 8,597.98 9.481 23875 TOWER GROUP INC COM 21,944 00 20.483 75

572 TOWNEBANK PORTSMOUTH VA COM 8,001.87 6.680.96713 TRACTOR SUPPLY CO COM 28,047 26 37.760.48900 TRADESTATION GROUP INC COM 7,965.00 7,101 00115 TRANSATLANTIC HLDGS INC COM STOCK 5,02490 5,992 65431 TRANSCEND SVCS INC COM NEW COM NEW 6,891 93 9,206 16217 TRANSDIGM GROUP INC COM 10,034 06 10,30533

Statement 18 Page 44

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part 11, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

2007 TRANSOCEAN LTD 273,737.09 166,179.601988 TRAVELERS COS INC COM STK 93,065 13 99,121 68709 TREDEGAR CORP INC 9.78351 11,216.38627 TREEHOUSE FOODS INC COM 14,646.66 24,365.22453 TREX CO INC COM 5,922 57 8, 878.80588 TRIANGLE CAP CORP COM 6,526.80 7.108.92406 TRIMBLE NAV LTD COM 10,251.54 10,231.20267 TRINITY INDUSTRIES, INC, COMMON STOCK, $1 PAR 3,424.17 4.656.48529 TRIPLE-S MGMT CORP CL B CL B 8.49574 9.310.40

2931 TRIQUINT SEMICONDUCTOR INC COM 16,120 50 17,586 00331 TRIUMPH GROUP INC NEW COM 13.508 08 15,970 75552 TRUE RELIGION APPAREL INC COM STK 12,286 69 10,206 481030 TRUEBLUE INC COM STK 9,097.20 15,254 302114 TRUSTCO BK CORP N Y COM 12,808 73 13,318 20141 TRUSTMARK CORP., COMMON STOCK 22,203 80 25,718 14282 TRW AUTOMOTIVE HLDGS CORP COM 3,38029 6.734 161031 TTM TECHNOLOGIES INC COM 8,423 25 11.887 431245 TUPPERWARE BRANDS CORPORATION 34,55511 57,979 65512 TUTOR PERINI CORP COM 11,791 14 9,256 96954 TW TELECOM INC CL A STK 10.389 06 16,351 56621 TYLER TECHNOLOGIES INC COM STK 9.643 26 12,364 111024 TYSON FOODS. INC., CLASS A COMMON STOCK,$2 PAR (DELAWARE) 15.095 05 12,564 484334 U S AWYS GROUP INC COM 11.314.33 20,976 56661 U S GLOBAL INVS INC CL A CL A STK 6.34464 8,136911946 U S GOLD CORP COM PAR $0. 10 COM PAR $0.10 5,429 34 4,826.08576 U S PHYSICAL THERAPY COM 6,330 24 9.751 68

3305 UAL CORP COM NEW STK 14,543.45 42.667 558044 UBS AG SHS COM 326,125 09 124.762.44667 UDR INC COM STK 9,558.32 10.965.48758 UGI CORP NEW COM 19,677.54 18,336 02699 UIL HLDGS CORP COM 20;176 17 19,627 92670 ULTA SALON COSMETICS & FRAGRANCE INC COMSTK 7,57665 12,167 20549 ULTIMATE SOFTWARE GROUP INC COM 7,35934 16.124 13647 ULTRATECH INC EFF 06-10-03 8,119.85 9,614.42640 UMB FINL CORP COM STK 28,239.57 25,184 001420 UMPQUA HLDGS CORP COM 12,973 94 19,042 20658 UNDER ARMOUR INC CL A 10,515 21 17,943 66327 UNIFIRSTCORP MASS COM 12.749 70 15,731 971712 UNION PAC CORP COM 111,43744 109,396 80708 UNISOURCE ENERGY CORP COM 18,517 85 22,790 52795 UNISYS CORP COM NEW COM NEW 15.024 70 30.655 20181 UNIT CORP COM 4,991 08 7,692 50

1396 UNITED AMER INOTY LTD COM 6.978 00 11.056.32759 UNITED BANKSHARES INC W VA COM 15,359 88 15,157 23

1 131 UNITED CMNTY BK BLAIRSVILLE GA CDT-CAP STK CDT-CAP STK 7,01467 3.834.09

865 UNITED FINL BANCORP INC MD COM STK 11,930 13 11,340 15557 UNITED FIRE & CAS CO COM 10,059 42 10,15411919 UNITED NAT FOODS INC COM 15,232.94 24.574 061827 UNITED ONLINE INC COM 13,599 73 13,136 137393 UNITED PARCEL SVC INC CL B 475,448 80 424,136 412361 UNITED PARCEL SVC INC CL B 142.582.94 135.450.571356 UNITED RENTALS INC COM 8,63752 13.30236

Statement 18 Page 45

2009 Federal Statements 20-5132900

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Statement 18Form 990-PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

130 UNITED STATES CELLULAR CORP COMMON'STOCK 4,993.59 5,513.30471 UNITED STATIONERS INC COM 17,233.89 26,776 35486 UNITED STS STL CORP NEW COM 23,034.38 26,788 32

11061 UNITED TECHNOLOGIES CORP COM 762,636.35 767,744.012841 UNITED TECHNOLOGIES CORP COM 198,084 76 197,193.81158 UNITED THERAPEUTICS CORP DEL COM STK 6,590.97 8,318.70

4041 UNITEDHEALTH GROUP INC COM 128,791.47 123,169.68415 UNITRTN INC. COMMON STOCK 5,145 75 9,150.75571 UNIVERSAL CORP VA COM 19,807 87 26,043.31687 UNIVERSAL DISPLAY CORP COM 6,998 47 8,491 32361 UNIVERSAL ELECTRS INC COM 7,566.56 8,382 42381 UNIVERSAL FST PRODS INC COM 12,909.09 14,024 61361 UNIVERSAL HEALTH RLTY INCOME TR SH BEN 1NT SH BEN INT 11,504 61 1 1,562 83

UNIVERSAL HEALTH SERVICES, INC., CLASS B COMMON STOCK, $ 01310 PAR 7,650.78 9,45500382 UNIVERSAL STAINLESS & ALLOY PRODS INC COM 6,524.52 7,204 52494 UNIVERSAL TECHNICAL INST INC COM 6,350.16 9,978.80405 UNIVERSAL TRAVEL GROUP COM NEW STK 4,511.67 4,106 70468 UNIVEST CORP PA COM 9,879 43 8,204.04

1 125 UNUM GROUP 20,603.38 21,960 001724 URANIUM ENERGY CORP COM 5.158.76 6,51672436 URBAN OUTFITTERS INC COM 9,072 64 15.255 64282 URS CORP NEW COM 13,744 60 12,554 646446 US BANCORP 146,629.76 145,099 46

21584 US BANCORP 695.751 63 485,855 84642 USA MOBILITY INC COM STK 8,241 05 7.06842

2234 USEC INC COM 10,393 41 8.600901423 U-STORE-IT TR COM 7,24293 10.416 36300 V F. CORP., COMMON STOCK, NO PAR 17,387 07 21.972 001576 VAALCO ENERGY INC COM NEW COM NEW 6,76094 7.17080585 VAIL RESORTS INC COM 21,459.93 22,113 001097 VALASSIS COMMUNICATIONS INC COM 7,04267 20,031 22231 VALEANT PHARMACEUTICALS INTL COM STK 5,315.40 7,343 491754 VALERO ENERGY CORP COM STK NEW 36.494.95 29,379.50420 VALHI INC NEW COM 3,702 72 5,867 40145 VALIDUS HOLDING LTD COM STK USDO 175 3,22624 3,90630427 VALLEY NATIONAL BANCORP, COMMON STOCK, NO PAR 5,135 70 6,033.5169 VALMONT INDS INC COM 5.061.84 5.41305

340 VALSPAR CORP COM 7.870 12 9,227 601730 VALUECLICK INC COM STK ISIN#US92046N 1028 13,923 21 17,507.60602 VANDA PHARMACEUTICALS INC COM 7.210 15 6,76648

2801 13 VANGUARD EMERGING MARKETS ETF 11,423,456.32 11,484,633 00425 VARIAN MEDICAL SYSTEMS INC 19.658.78 19,91 1.25248 VARIAN SEMICONDUCTOR EQUIPTMENT ASSOCS INC CO 6,181 35 8,898.24743 VASCO DATA SEC INTL INC COM 5.54021 4,658.61733 VASCULAR SOLUTIONS INC COM 5,808 72 6,149.87287 VCA ANTECH INC COM STK 7,601 88 7,152.04213 VECTREN CORP COM 5.111 45 5,25684705 VEECO INSTRS INC DEL COM 10,305 87 23,293.20531 VENTAS INC REIT 17,928 49 23.225 941435 VER]FONE SYSTEMS INC COM 11,063 22 23,505.30655 VERISIGN INC COM 14,672 54 15,877 20

Statement 18 Page 46

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II , Line 10a, 10b, & 10cInvestments - U.S. and State Government Obligations, Corporate Stocks, & Corporate Bonds

FairQuantity Description Cost Market Value

8824 VERIZON COMMUNICATIONS COM 328,699.30 292,339.12588 VERTEX PHARMACEUTICALS INC COM 20,153.72 25.195.801843 VIACOM INC NEW CL B 56,041.71 54,792 39513 VIAD CORP COM NEW 9,223.32 10,583 19516 VIASAT INC COM 13,903.34 16,398.48

2393 VICAL INC COM COM 6.030.12 7,872 97304 VILLAGE SUPER MKT INC CL A NEW CL A NEW 9.071.36 8,305 28979 VIRGIN MEDIA INC COM STK 11,085.67 16,476.571539 VIROPHARMA INC COM STK 9,370.20 12,912.21

23395 VISA INC COM CL A STK 1,974,382.56 2,046.126 701556 VISA INC COM CL A STK 123,826.84 136,087 761591 VIVUS INC COM 9,909.54 14,621.29183 VMWARE INC CL A COM CL A COM 5,35273 7,755.54393 VOCUS INC COM 7,99441 7.074.001068 VOLCANO CORP COM STK 14,854 28 18,561 84556 VOLTERRA SEMICONDUCTOR CORP COM 7,642.00 10,630 72521 VORNADO RLTY TR COMMON STOCK 37,261 80 36,438 74375 VULCAN MATERIALS CO, COMMON STOCK, $I PAR 19,473 46 19,751.25675 W & T OFFSHORE INC COM 6,513.68 7,89750162 WABTEC CORP COM 6,594 29 6,616.08292 WADDELL & REED FINL INC CL A COMMON STOCK 7,886.89 8.917683369 WALGREEN CO. COMMON STOCK, $1 25 PAR 128,096 47 123,709 687747 WAL-MART STORES, INC COMMON STOCK, $.10 PAR 426,708 78 414,077 15

26905 WAL-MART STORES, INC. COMMON STOCK, $ 10 PAR 1,434,131.41 1,438,072 256430 96 WALT DISNEY CO 216,585.39 207,398 46

183 WALTER ENERGY INC 8.735 32 13,781 73417 WALTER INVT MGMT CORP 6,044.91 5,975.61910 WARNACO GROUP INC COM NEW COM NEW 32,207 45 38,392.90380 WARNER CHILCOTT PLC COM 5,053 96 10,818.60

2243 WARNER MUSIC GROUP CORP COM STK 10,090 50 12,695 382157 WARREN RES INC COM 5,41278 5.28465384 WASHINGTON FED INC COM 5,099 52 7.426 5620 WASHINGTON POST CO, CLASS B COMMON STOCK, $1 PAR 7,05800 8,79200

1051 WASHINGTON REAL ESTATE INVT TR SH BEN INT 23,573 18 28,955 05549 WASHINGTON TR BANCORP INC COM 10.395.10 8.553.42251 WASTE CONNECTIONS INC COM 6,543.57 8,368 341671 WASTE MGMT INC DEL COM STK 46,323 27 56.496.51327 WATERS CORP COM 17,417 46 20,260.92474 WATSCO INC COM 23,291 84 23,216 52506 WATSON PHARMACEUTICALS INC COMMON STOCK 17,116 91 20,042 66581 WATTS WATER TECHNOLOGIES INC EFF 12,485 65 17.964 521044 WAUSAU PAPER CORP COM 7,099 10 12,1 10 40467 WD 40 CO COM STK 14,643.26 15.112 127400 WEATHERFORD INTL LTD 253,493.00 132,534 00998 WEB COM GROUP INC COM 5,795.39 6.516 94170 WEBMD HEALTH CORP COMMON STOCK 5,007.27 6,543.30880 WEBSENSE INC COM STK ISIN# US9476841062 15,944.28 15,364 801197 WEBSTER FINANCIAL CORP. WATERBURY CONN COMMON STOCK 9,727.61 14,208 39386 WEIGHT WATCHERS INTL INC NEW COM 10,055 30 1 1,255 76344 WEINGARTEN RLTY INVS COM 5,115 25 6,80776839 WELLCARE HEALTH PLANS INC COM 15,797 96 30.841 641646 WELLPOINT INC COM 95,003 32 95,945 34

Statement 18 Page 47

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990-PF, Part II, Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

16157 WELLS FARGO & CO NEW COM STK 476,521.92 436.077.4333417 WELLS FARGO & CO NEW COM STK 1,023,194.91 901,924.831250 WENDYS / ARBYS GROUP INC COM STK 5,137 38 5,862.50847 WERNER ENTERPRISES INC COM 16,090 00 16,762.13622 WESBANCO INC COM 9,379.76 7,675.4833 WESCO FINANCIAL CORP. CAPITAL STOCK, $1 PAR 10,155 42 11,319.00

651 WEST PHARMACEUTICAL SVCS INC COM 22,937.24 25,519 20580 WESTAMERICA BANCORPORATION COM 27.543 63 32,114.60369 WESTAR ENERGY INC COM 8.556 18 8,014.68

2352 WESTERN ALLIANCE BANCORPORATION COM 12,692 71 8.89056757 WESTERN DIGITAL CORP, COMMON STOCK, $ 10 PAR 21,899 70 33.421.55927 WESTERN REFNG INC COM 5,217.43 4,366.17

2382 WESTERN UNION CO 41,462.05 44.900 701433 WESTFIELD FINL INC NEW COM STK 13,192.25 11.822.252418 WET SEAL INC CL A CL A 7,841.08 8,342.10718 WEYERHAEUSER CO, COMMON STOCK, $1 875 PAR 27,708.26 30,974 52853 WGL HLDGS INC COM 27,875 95 28,609 62250 WHIRLPOOL CORP COMMON STOCK, $1 PAR 14,144 10 20.165 00

WHITE MOUNTAINS INSURANCE GROUP WHITE MOUNTAIN COM26 STOCK 4,395 16 8,649 16172 WHITING PETE CORP NEW COM STK 6,768 61 12,289.40371 WHOLE FOODS MKT INC COM 4,63791 10,183.95150 WILEY JOHN & SONS INC CL A 5,047 49 6,282 00785 WILLBROS GROUP INC COM 9,875 27 13,242 951970 WILLIAMS COMPANY INC COMMON STOCK $1 PAR 40,581 82 41,527 60320 WILLIAMS SONOMA INC COM 2.658.43 6,649 60366 WILMINGTON TRUST CORP NEW COMMON STOCK 5,112.98 4,516441882 WINDSTREAM CORP COM STK 16,185 20 20,683 181083 WINN DIXIE STORES INC COM NEW STK 17,203 42 10,873.32672 WINTRUST FINL CORP COM 21,731.86 20,690.88397 WISCONSIN ENERGY COMMON STOCK 16,630.39 19,782 51158 WMS INDS INC COM STK 4,943 80 6,320 00978 WOLVERINE WORLD WIDE INC COM 23,057 54 26,621.16

1 199 WOODWARD GOVERNOR CO COM 26,828.41 30.898 23375 WORLD ACCEP CORP S C NEW COM 7,518.60 13,436 25

1 172 WORLD FUEL SERVICE COM STK USDO 01 24,454 73 31,397 881 198 WORTHINGTON INDS INC COM 25.457.85 15,657 862635 WPP GROUP PLC AMERICAN DEPOSITARY SHARE 173.473.00 128,192 75762 WRIGHT EXPRESS CORP COM STK 20,351.72 24,277 32756 WRIGHT MED GROUP INC COM 12,646.75 14,326 20321 WSFS FINANCIAL CORP COM 8,93022 8,22723604 WYNDHAM WORLDWIDE CORP COM STK 7,435 18 12,182 68227 WYNN RESORTS LTD COM 22,497 95 13,218 211548 XCEL ENERGY INC COM 29,234.78 32,848.56594 XENOPORT INC COM STK 13.910.59 1 1,024 64

2937 XEROX CORP. COMMON STOCK, $1 PAR 23,462 17 24,847 02931 XILINX INC COMMON STOCK 18.967 73 23,330.861162 XL CAPITAL LTD COM STK 14,360 23 21,299 461969 XTO ENERGY INC COM 102,730 20 91,617 57723 YADKIN VY FINL CORP COM STK 5,142.76 2,646 18

4337 YAHOO INC COMMON STOCK 72.248 79 72,774 861860 YRC WORLDWIDE INC COM 4.38960 1,562.02

Statement 18 Page 48

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks, & Corporate Bonds

FairQuanti ty Description Cost Market Value

1568 YUM BRANDS INC COM 55,174.73 54,832.9619753 YUM BRANDS INC COM 669,208.17 690,762.41

211 ZEBRA TECHNOLOGIES CORP CL A 5,137.30 5,983 96564 ZEP INC COM STK 7,745 86 9,768.48598 ZHONGPIN INC COM STK 6,197.67 9,334.78730 ZIMMER HLDGS INC COM 45,836 01 43,150 30742 ZION OIL & GAS INC COM STK 6,212 45 5,305 30432 ZIONS BANCORP COMMON STOCK NO PAR 4,903.20 5,542.56492 ZOLL MED CORP COM 10,308 42 13,146.24679 ZOLTEK COS INC COM 11,089.70 6,450 501027 ZORAN CORP COM 11,737.07 11,348.35905 CLEAR WIRE CORP NEW RT - 362.00

Subtotal Common and Preferred Stock 174,179,662.47 165,243,042 35

MFC POWERSHARES DB COMMODITY INDEX TRACKING FD UNIT BEN

139,200 INT 3,265,367.52 3,427,104.00MFO PIMCO FDS PAC INVT MGMT SER COMMODITY REALRETURN

410,635 STRATEGY FD INSTL 6,174,540.49 3,400.061.52

Subtotal Commodity Linked funds 9,439,908.01 6,827,165 52

Grand Total Corporate Stocks 183,619,570.48 172,070,207.87

UNITED STATES OF AMER TREAS NOTES 0%TSYNT 15/1 1/2018

3.175,000 USD 1000 3 75% DUE I 1 3,341,550.78 3,174,752 35

6.975,000 UNITED STATES TREAS NTS 2.375% DUE 09-30-2014 7,019,666.02 6,916,131 00

4,800,000 UNITED STATES TREAS NTS DTD 00251 3.0% DUE 08-31-2016 REG 4,852,781 25 4,720,876 80

3.400,000 UNITED STATES TREAS NTS NT 1375% DUE 10-15-2012 REG 3,415,906 25 3,380.875.00

700,000 UNITED STATES TREAS NTS NT 1 5% DUE 07-15-2012 BEO 697,867 19 701,093.40FEDERAL FARM CR BKS CONS SYSTEMWIDE BDS 2.25% DUE 01-12-

1,000.000 2012/01-12-2010 REG 1,001,680 00 1,000.310 00430,000 FEDERAL FARM CREDIT 2.2% DUE 04-08-2013 REG 430,954.60 432.016 70

1,000.000 FEDERAL HOME LN BKS 1 4% DUE 05-04-2011 REG 1,000,000.00 1,007,500 001,000.000 FEDERAL HOME LN BKS CONS BD 1.375% DUE 05-16-201 I REG 999,515 11 1,007,047.00

1.000,000 FEDERAL HOME LN BKS PREASSIGN 00232 5 068% DUE 04-17-2014 REG 982,120 00 1,096,560 00FEDERAL HOME LN MTG CORP FEDERAL HOME LNMTG 3 5000000

1.000,000 20110505 20080505 CALLABLE3 1,040,843.08 1,032,470 00FEDERAL HOME LN MTG CORP TRANCHE # TR 001 16 4 75% DUE 12-08-

6,000 2010/12-08-2005 RE 6,079 11 6.231 58FEDERAL HOME LN MTG CORP TRANCHE # TR 00376 2 625% DUE 03-19-

1.000,000 2012 REG 1,009,500 00 1,004,830.003,200.000 FNMA 1 7% DUE 04-29-2011 3,207,800.00 3,21 1.670 40

FREDDIE MAC TRANCHE # TR 00521 2 0% DUE 04-27-2012/04-27-2011

1,000,000 REG 1,000,000 00 1,006,660 00

1.000.000 BERGEN CNTY N J IMPT AUTH 7 77% DUE 05-15-2011 BEO TAXABLE 1,086,620.88 1.082,900.00

ENERGY NORTHWEST WASH ELEC REV 5 07%DUE07-01-2012 BEO

2,185,000 TAXABLE 2,170,400 27 2,338,430.70

IOWA FIN AUTH SINGLE FAMILY MTG REV 5.622% DUE 07-01-2012 BEO

1,015,000 TAXABLE 1,015.401 80 1.074,245 55

1,000.000 KENT CNTY MICH 2.5% DUE 04-01-2011 BEO TAXABLE 1,007,390.00 1,019.250 00

VIRGINIA ST HSG DEV AUTH RENTAL HSG-TAXABLE-SER D 3 73% DUE

1.000,000 11-01-2011 BE 1.034,72000 1,035,330.001,000,000 ANDREW W MELLON FNDTN 3 95% DUE 08-01-2014 REG 1,027,100.00 1,038,970 00

Statement 18 Page 49

2009 Federal Statements 20-5132900

Client REES-JONE THE Rees-Jones Foundation

Statement 18Form 990 -PF, Part II , Line 10a , 10b, & 10cInvestments - U.S. and State Government Obligations , Corporate Stocks , & Corporate Bonds

FairQuantity Description Cost Market Value

FEDERAL HOME LN MTG CORP POOL #M80894 4.5% DUE 01-01-2011

813,519 BEO 836,145.00 830,806.271,065,000 FHLMC MULTICLASS SER 2541 CL JC 5.0% DUE 12-15-2017 REG 1,121,578.13 1,127,858.43

1,122,655 FHLMC MULTICLASS SER 2773 CL OB 5 0% DUE02-15-2019 REG 1,190,365.13 1,187,195.31

848,266 FHLMC MULTICLASS SER 2814 CL GB 5.0% DUE06-15-2019 REG 830,876 03 880,252.90

1,193,814 FHLMC MULTICLASS SER R005 CL AB 5.5%DUE] 2-I5-2018 REG 1,192,798.71 1,248,848.56

545,378 FHLMC MULTICLASS SER-3037 CL-BC 4 5% DUE02-15-2020 REG 552,706 69 567,189.41FNMA CMO FANNIE MAE 07-18 D02/25/07 0.010% JJ35 5.45% DUE 12-25-

585,576 2020 BEO 581,947.54 620,201.92

651,251 FNMA POOL #254711 4.0% DUE 03-01-2010 REG 659,264.77 657,164.68

706,470 FNMA POOL #960382 5.5% DUE 12-01-2022 BEO 706,801 55 748,614.16

960,254 FNMA POOL #MA0174 4.0% DUE 09-01-2019 BEO 996,863.56 982,263 85

1,300.000 FNMA PREASSIGN 00344 5 0% DUE 03-25-2018BEO 1.370,078.13 1,377,168.00

920.578 FNMA REMIC SER 2002-M2 CL C 4 717% DUE 08-25-2032 BEO 963,154.38 962,703.30

1,337,736 GNMA 2004-006 REMIC PASSTHRU CTF CL B 3.949% DUE 07-16-2033 1,293,420.48 1,378,492.43GNMA 2004-009 REMIC PASSTHRU CTF CL FLTGRT 4 586% DUE 09-16-

2,000,000 2029 1,953,063 34 2,089,492.00

1,467,000 GNMA 2004-020 REMIC TR CL C 4.43% DUE 04-16-2034 1,398,285.36 1,528,600.79

1,025,913 GNMA 2004-108 REMIC PASSTHRU CTF CL A 3.999% DUE 05-16-2027 994,170 92 1,056.536.47GNMA 2006-008 REMIC PASSTHRU CTF CL B FLTG RT 4 815% DUE 02-16-

2,000,000 2030 1,972,048.15 2,090,582 00GNMA 2006-030 REMIC PASSTHRU CTF CL A 4.17500019073% DUE 04-16-

1,294,779 2028 1,260,035.44 1,335,039.11

GNMA 2006-032 REMIC PASS THRU CTF CL A 5 07899999619% DUE 01-16-

3.517,217 2030 3,503,602.81 3,688,762 72

2.485,000 GNMA REMIC 2004-77 CL C 5 5% 10-16-2026 REG 2,514,897.66 2,650,222 68

1.000,000 ORIENTAL BK & TR FDIC GTD TLGP NT 2.75% DUE 03-16-2012 REG 1,019,160.00 1,023,870 00

Grand Total US and State Government Obligations 64,259,160 . 12 65,320 ,015.47

1,000,546 MFO PIMCO FDS PAC INVT MGMT SER HIGH YIELD FD INSTL CL 8,902,151 11 8,804.807.79

234,815 MFO PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL 2,548,470 57 2,536.005 99

387,348 MFO VANGUARD INTM TERM INVT GRADE ADMR 3,386,622.73 3,726.286.31

666.011 MFO VANGUARD SHORT TERM INVESTMENT GRADE ADMIRAL 6,624,741.99 7,053,054 16

511,144 MFO VANGUARD SHORT TERM INVESTMENT GRADE ADMIRAL 5,127,131.11 5,413,009.98

Grand Total Corporate Bonds 26,589,117.51 27,533,164.23

BELMONT STRATEGIC INCOME FUND QP, LP

DEUTSCHE BANK BALANCED CURRENCY HARVEST INDEX

DRAKE CAPITAL OFFSHORE PTNRS

IRONWOOD INTERNATIONAL LTD

COMMERCE STREET INCOME PARTNERS, LTD

COTTON CREEK CAPITAL PARTNERS. LTD

RIVANNA OFFSHORE PARTNERS LTD

STRATFORD LAND FUND III. LP

STRATFORD REALTY CAPITAL. LP

Grand Total Alternative Investments

Grand Total Investments

2,178,717.00 -(150,563.28)

3,000,000 00 2,940,285 874,500,000.00 3,767.693.94

9,885 ,276.00 4,777,989.00878,334.76 886.002.00

10,000,000.00 10,916,170 5915,064,21 1.00 14,774,135 00

5,031,300.87 4,716,073.0050,537,839.63 42,627,786.12

325,005,687.74 307,551,173.69

Statement 19 Page 1

2009 Federal Statements

Client REESJONE The Rees-Jones Foundation 20-5132900

Statement 19Form 990-PF, Part XVSupplementary Information - Grant Guidelines(Please also see our website : www.rees-jonesfoundation.org)

1) The Foundation's Board is strongly guided by the Foundation's Mission Statement.Proposals should explain how the organization and program or project is consistent with that Statement.

Please see Mission Statement Below.

2) Proposals must contain a description of the proposed program or project, including a statement of theneed, specific program components, logistics, projected benefits or numbers of people to be affected, and

plans for evaluating the effectiveness

3) Proposals must include the names of the executive officers and members of the Board of Directors of therequesting organization, aggregate board financial contributions to the organization for the prior 12 months,

financial information of the org

4) Proposals must include a copy of the organization's current IRS exemption letter and most recent IRSForm 990 federal tax return. The Foundation does not support other private foundations. Applicants that are

classified as "supporting organizat

5) In general, the Foundation will not fund more than 25% of a project's budget or more than 10% of anorganization's total annual operating budget.

6) In general, the Foundation will not make multi-year commitments.

7) Proposals should be submitted a minimum of 4 months before funds are required.

8) The Foundation will consider only one proposal from any one organization during any 12 month period.

9) Loans and grants are not made to individuals.

10) Organizations previously funded by the Foundation must provide a full report of previous grantexpenditures.

11) In general, the Foundation does not support event fundraisers or sponsorships, or contribute toendowments.

12) The Foundation does not support lobbying of any kind.

Mission Statement:

Our mission is one of compassion designed to serve God by serving others, sharing His Word and Hisresources with those in need.

Statement 20 Page 1

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF , Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

Accion Texas N/A Public Multi-year funding for the start-up and ongoing $980,000

2014 South Hackberry Street operations of a West Dallas satellite office and

San Antonio, Texas 78210 loan program.

Advocacy Inc. N/A Public Funding for the Focused Legal Advocacy Project $75,000

7800 Shoal Creek, Suite 171-E which supports foster children in Texas Youth

Austin, Texas 78757 Commission or State School placements

Advocates for Community Transformation(ACT) N/A Public Funding for the Legal Advocacy Project in West $20,000

2215 Canada Drive Dallas which strives to eliminate blight and crime

Dallas, Texas 75212 by directing legal action against owners of

crime-ndden homes.

alley's house N/A Public Support for education and case management $20,000

4907 Spring Avenue, Suite 103 services for teen mothers who want to prepare for

Dallas, Texas 75210 a life of independence

Apartment Life N/A Public Multi-year funding for a South Dallas Area Director $20,000

P 0 Box 1031 who will coordinate development of Christian

Bedford, Texas 76095 communities in apartment complexes

The ARK Group N/A Public Funding for a West Dallas Project Director and $47,000

2611 F M 1960 West, Suite H-201 Spanish language material to facilitate self-esteem

Houston, Texas 77068 programs

Arlington Life Shelter N/A Public Funding for the Structured Rehabilitative Program $10,000

325 West Division Street which helps families that are homeless regain

Arlington, Texas 76011 self-sufficiency through employment

Bea's Kids N/A Public Funding for after-school Tutoring & Mentoring $30,000

14673 Midway Road, Suite 230 Program which provides academic support and

Addison, Texas 75001 mentoring for youth from low-income families

Big Brothers Big Sisters of North Texas N/A Public Funding for the Big Churches Initiative which $50,000

450 E John Carpenter Freeway recruits mentors from churches and matches them

Irving, Texas 75062 to at-risk youth

Big Thought N/A Public Funding for the Thriving Minds After School $100,000

2501 Oak Lawn Avenue, Suite 550 Initiative to bung after-school programming to

Dallas, Texas 75219 Dallas ISD on a distract-wide basis

Bishop Dunne Catholic School N/A Public Funding for tuition assistance for youth from $40,000

3900 Rugged Drive low-income families

Dallas, Texas 75224

Statement 20 Page 2

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3a

Grants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business) Relationship Status Purpose of grant or contribution Amount

Booker T Washington High School N/A Public Multi-year funding for the Student Enrichment Fund $50,000

P O. Box 192648 which helps students prepare for college

Dallas , Texas 75219

Boys & Girls Clubs of Arlington N/A Public Funding for the Impacting Their Tomorrow Today $50,000

608 North Elm Street campaign designated for Project Bright Star

Arlington, Texas 76011 and the T E A M Project

Bridge Breast Network N/A Public Funding for low-income women to access breast $20,000

3600 Gaston Avenue, Suite 401 health services

Dallas, Texas 75246

Brighter Tomorrows N/A Public Funding for childcare for participants in the $40,000

P 0 Box 532151 Transitional Housing Program

Grand Prairie, Texas 75053

Bryan's House N/A Public Funding to provide medically-managed child care, $100,000

P 0 Box 35868 respite care, and community-based family support

Dallas, Texas 75235 for special needs children

Builders of Hope N/A Public Multi-year funding for West Dallas Housing $803,000

P 0 Box 224723 Collaborative to support the development of

Dallas, Texas 75222 affordable housing

C5 Youth Foundation of Texas N/A Public Funding for Signature Experiences and Pathways $20,000

14185 Dallas Parkway, Suite 1400 Events which are designed to guide youth through

Dallas, Texas 75254 meaningful growth opportunities and help them

realize their life potential

Camp Fire USA- First Texas Council N/A Public Funding for camperships for Dallas area campers $10,625

2700 Meacham Boulevard to attend Camp El Tesoro de la Vida in Summer

Ft Worth, Texas 76137 2009

Captain Hope's Kids N/A Public Funding for Captain Hope's Closet Program which $20,000

P 0 Box 540548 distributes basic care items for local homeless

Dallas, Texas 75354 infants and children

Catholic Charities Diocese of Ft Worth N/A Public Funding for the Clinical Counseling program $10,000

2701 Burchill Road North which provides counseling services for low-income

Ft Worth, Texas 76105 children, adolescents, and adults

Challenge Air for Kids & Friends N/A Public Funding for Fly Day events which allow disabled $25,000

7363 Cedar Springs Road children the opportunity to enjoy an aviation

Dallas, Texas 75235 experience

Statement 20 Page 3

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

Chase's Place N/A Public Funding for families to send children with $60,000

14210 Marsh Lane developmental disabilities to a school with special

Addison, Texas 75001 curriculum and programming

Child Abuse Prevention Center N/A Public Multi-year funding for the Healthy Families program $50,000

2902 Swiss Avenue which provides in-home parent training for

Dallas, Texas 75204 low-income teen mothers

Child Care Group N/A Public Funding for the Child Care Training Program $20,000

1800 N Lamar which offers training and assistance to child

Dallas, Texas 75202 care providers

Child Study Center

1300 West Lancaster

Ft Worth, Texas 76102

N/A Public Funding for psychological and other pediatric care

services for children of low-income families

$10,000

Children' s Education Fund

P 0 Box 225748

Dallas , Texas 75222

Circle of Support

P 0 Box 398994

Dallas , Texas 75339

Clayton Dabney Foundation

6500 Greenville Avenue, Suite 342

Dallas, Texas 75206

Communities in Schools Dallas Region

8700 N Stemmons Freeway, Suite 125

Dallas , Texas 75247

Community Partners of Dallas

1215 Skiles Street

Dallas , Texas 75204

Community Partners of Dallas

1215 Skiles Street

Dallas , Texas 75204

N/A Public Funding for the high school tuition assistance

program.

N/A Public Funding for the 2009 Girl S M A R T and S M A.R T

Boys summer learning programs which provide safe

environments and education support for at-nsk youth

N/A Public Funding for the Medicine of the Heart program

which provides end-of-life wishes for children with

terminal illnesses

N/A Public Funding for the One Child at a Time program which

provides academic support supplemented by

individual guidance counseling and social services

for academically failing youth

N/A Public Funding for items in the Rainbow Room which

makes personal care items available to children

removed from their homes by CPS

N/A Public Funding for Rainbow Room Christmas gifts for

children removed by CPS

$20,000

$25,000

$10,000

$100,000

$35,000

$1,000

CONTACT Crisis Line N/A Public Funding for the Teen CONTACT Program which $10,000

P 0 Box 800742 educates adults and youth about risk factors for

Dallas, Texas 75380 emotional crisis and trains individuals to recognize

suicide symptoms

Statement 20 Page 4

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

CURE International N/A Public Funding for CURE Ethiopia Children's Hospital $100,000

701 Bosler Avenue which provides orthopedic and plastic surgery for

Lemoyne, Pennsylvania 17043 disabled children of families with little or no

resources

Dallas Area Habitat for Humanity N/A Public Funding for the West Dallas Housing Collaborative $450,000

2800 N Hampton Road to support the development of affordable housing

Dallas, Texas 75212

Dallas Children's Advocacy Center N/A Public Funding for the Therapy Program which provides $50,000

3611 Swiss Avenue therapy for child abuse victims and their

Dallas, Texas 75204 non-offending family members

Dallas Christian Women's Job Corps N/A Public Funding for an 8-week program to help women with $5,000

2918 Oates Drive immediate needs as well as longer-term guidance

Dallas, Texas 75228 toward job readiness

Dallas Concilio N/A Public Funding for the Parent Involvement Program which $25,000

400 S Zang Boulevard, Suite 300 increases parent involvement in their children's

Dallas, Texas 75208 education process

Dallas Faith Communities Coalition N/A Public Multi-year funding for operating expenses to $200,000

4514 Travis Street, Suite 350 facilitate a West Dallas affordable housing initiative

Dallas, Texas 75205

Dallas Furniture Bank N/A Public Funding to provide low-income families with $15,000

1417 Upfield Drive, Suite 104 furniture

Carrollton, Texas 75006

Dallas Leadership Foundation N/A Public Funding for the Community Transformation Initiative $75,000

3101 Greenwood expansion of community development efforts to

Dallas, Texas 75204 Jubilee and Love Field neighborhoods

Dallas Leadership Foundation N/A Public Funding for the Treasures of Hope Christmas Store, $6,000

3101 Greenwood designated to provide children's bikes

Dallas, Texas 75204

East Dallas Community School N/A Public Funding for the Scholarship Assistance Program $75,000

924 Wayne Street for the 2008-09 academic year

Dallas, Texas 75223

Eastland Independent School District N/A Public Funding for college scholarships for Eastland $10,000

900 West Plummer Street ISD high school graduates

P 0 Box 31

Eastland, Texas 76448

Statement 20 Page 5

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

Education is Freedom N/A Public Multi-year funding for salaries and program expenses $125,0002711 N Haskell Avenue, Suite 2070, LB18 for Higher Education Advisors in three Dallas ISDDallas, Texas 75204 high schools

Educational Opportunities

8350 North Central Expressway, Suite 775

Dallas , Texas 75206

Equest

P 0 Box 192747

Dallas , Texas 75219

Evergreen Presbyterian Ministries

North Central Texas Division

10810 Sanden Road

Dallas , Texas 75238

Exodus Ministries

4630 Munger Avenue, Suite 110

Dallas , Texas 75204

Faith & Philanthropy Institute

400 Fuller Wiser, Suite 124

Euless , Texas 76039

The Family Place

P 0 Box 7999

Dallas , Texas 75209

Family Outreach of East Dallas

9100 Diceman

Dallas , Texas 75218

Family Outreach of Richardson-Piano

2205 Los Rios Boulevard

Piano , Texas 75074

Foundation for the Education of Young Women

15303 Dallas Parkway, Suite 999

Addison, Texas 75001

N/A Public Multi-year funding for college scholarships for $30,000

Dallas ISD seniors.

N/A Public Funding for operating expenses for the therapeutic $25,000

riding center which helps mentally and physically

challenged children maximize their potential

N/A Public Funding for a pilot computer-based vocational $40,000

training program for clients with developmental

disabilities

N/A Public Funding for the Comprehensive Ex-Offender $25,000

Re-Entry Program which provides intensive

transitional supportive housing services for women

and reunification with their children

N/A Public Funding for IGNITE Greater Works Program, $10,000

designed to promote collaboration among

organizations involved in social justice and

community transformation initiatives

N/A Public Funding for Safe Campus Child Development $25,000

Center which provides therapeutic child care for

children of domestic abuse victims

N/A Public Funding for the Mentoring Our Mothers in-home $20,000

visitation program which provides both casework

and education for at-risk parents with children

under age 10 and teen mothers

N/A Public Funding for in-home mentoring for families identified $10,000

as being at risk for child abuse or neglect

N/A Public Funding for the Educational Enhancement Initiative $25,000

which provides academic enhancements to prepare

girls for success in college.

Statement 20 Page 6

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address ( home or business ) Relationship Status Purpose of grant or contribution Amount

Freedom Classic N/A Public Scholarship awards for youth participating in the $25,000

40 Downs Lake Circle 2010 Freedom Classic horse show

Dallas , Texas 75230

Galaxy Counseling Center

1025 S Jupiter Road

Garland , Texas 75042

Genesis Women's Shelter

4411 Lemmon Avenue, Suite 201

Dallas, Texas 75219

Genesis Women's Shelter

4411 Lemmon Avenue, Suite 201

Dallas, Texas 75219

Girl Scouts of Northeast Texas

6001 Summerside Drive

Dallas, Texas 75252

Girls Inc.

2040 Empire Central Drive

Dallas , Texas 75235

Gladney Center for Adoption

6300 John Ryan Dnve

Ft Worth, Texas 76132

HEAD START of Greater Dallas

3954 Gannon Lane

Dallas , Texas 75237

The Hillier School

3821 University Boulevard

Dallas , Texas 75205

Hope Cottage

4209 McKinney Avenue

Dallas , Texas 75205

HPPC Sudanese Refugee Education Fund

Highland Park Presbyterian Church

3821 University Boulevard

Dallas, Texas 75205

N/A Public Funding for the Youth Mental Wellness programs $30,000

which provide early intervention and family

counseling for youth with mental health needs

N/A Public Funding for the Children's Program which helps $50,000

children deal with the trauma of witnessing and

being victimized by domestic violence

N/A Public Funding for Christmas gifts for children in residence $1,000

N/A Public Funding for Girl Scouts Direct which brings life $35,000

skills programming to girls from underserved

communities

N/A Public Funding for centers in low-income areas that focus $15,000

on girls by reducing negative influences while

providing for their developmental needs.

N/A Public Funding for the New Beginnings program which $75,000

places special needs foster children and medically

fragile children into permanent adoptive homes

N/A Public Funding for the Early Childhood Math and Science $35,000

program

N/A Public Multi-year funding for teacher enrichment and $50,000

retention

N/A Public Multi-year funding to expand the Foster-to-Adopt $75,000

program .

N/A Public Multi-year funding for college tuition assistance $110,000

and to provide laptops for Sudanese refugees

Statement 20 Page 7

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

Hugworks N/A Public Funding for the Therapeutic Entertainment and $25,000

752 Mary Drive Music Therapy program for children suffering from

Hurst, Texas 76053 severe, chronic, and life-threatening illnesses

Human Rights Initiative of North Texas N/A Public Funding to provide advocacy and legal $20,000

2501 Oak Lawn, Suite 850 representation for individuals who are victims of

Dallas, Texas 75219 international human rights abuses

Institute of Child Development at TCU N/A Public Multi-year funding for the Institute's Outreach $900,000

TCU Box 297044 Program which trains foster or adoptive parents

Ft Worth, Texas 76129 and child advocate professionals

Interfaith Housing Coalition N/A Public Funding for Christmas gifts for children in residence $1,000

5600 Ross Avenue

Dallas , Texas 75206

International Justice Mission N/A Public Funding for operations in India to rescue modern $200,000

P 0 Box 58147 day slaves and victims of sex trafficking

Washington, D C 20037

Irving Cares N/A Public Funding for the Emergency Assistance Program $15,000

P 0 Box 177425 which provides financial assistance, food

Irving, Texas 75017 assistance, and referral assistance for families

in need

Jeffries Street Learning Center N/A Public Funding for the Youth Emphasis Program which $20,000

3001 Grand Avenue provides after-school tutoring and summer

Dallas, Texas 75215 enrichment for children.

Jonathan's Place N/A Public Funding for kitchen items for the Rees-Jones $1,000

P 0 Box 140085 Lodge

Dallas, Texas 75214

Jubilee Park & Community Center N/A Public Funding for the Essential Building Blocks Program $65,000

P 0 Box 710759 to help build organizational capacity to positively

Dallas, Texas 75371 impact the Jubilee Neighborhood.

Kids Across America N/A Public Funding for camperships for Dallas area urban $50,000

P 0 Box 930 youth to attend camp in the summer of 2009

Branson, Missouri 65615

KIPP Truth Academy N/A Public Funding toward the Room to Grow More Pathways to $100,000

3200 S Lancaster Road, Suite 230-A to College capital campaign which will support the

Dallas, Texas 75216 expansion of an Oak Cliff charter school

Statement 20 Page 8

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee FoundationName and address (home or business ) Relationship Status Purpose of grant or contribution

Lena Pope Home N/A Public Funding for the art teacher at Chapel Hill Academy

3131 Sanguinet Street Charter School which provides an innovative school

Ft Worth, Texas 76107 environment for children who are academically at risk

LifeNet N/A Public Funding for operating expenses that support9708 Skillman Street programs that enhance and rebuild the lives of

Dallas, Texas 75243 mentally ill and mentally disabled people

Literacy Instruction for Texas N/A Public Funding for Family Literacy Workshops which

2121 Main Street, Suite 100 provide English classes and GED preparation forDallas, Texas 75201 illiterate and non-English speaking people.

March of Dimes N/A Public Multi-year funding for the NICU Family Support

12660 Coit Road, Suite 200 South Program at Parkland Hospital in Dallas

Dallas , Texas 75251

Media Projects

5215 Homer Street

Dallas , Texas 75206

Mental Health America of Greater Dallas

624 Good-Latimer, Suite 200

Dallas , Texas 75204

Metrocare Services

1380 River Bend Drive

Dallas , Texas 75247

Mosaic Family Services

4144 N Central Expressway, Suite 530

Dallas , Texas 75204

Museum of Nature and Science

P O. Box 151469

Dallas , Texas 75315

Nelson 's Children's Residential Treatment

Center

4610 IH-35 North

Denton, Texas 76207

New Beginning Center

218 North Tenth Street

Garland, Texas 75040

N/A Public Funding for the distribution of "A Reason to Live",

an educational film about teen and young adult

depression and suicide

N/A Public Funding for the WHO Program which helps children

avoid victimization

N/A Public Funding for facility renovations to the Lancaster-

Keist Clinic which provides mental health services

and an on-site pharmacy for low-income individuals

N/A Public Funding for Christmas gifts for children in residence

N/A Public Funding for the Capital Campaign for the new

Museum of Nature and Science

N/A Public Funding for the CREATE enrichment program for

resident foster children

N/A Public Funding for outreach and services to victims of

domestic violence

Amount

$10,000

$90,200

$5,000

$25,000

$5,000

$15,000

$25,000

$1,000

$3,500,000

$15,380

$10,000

Statement 20 Page 9

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

New Beginning Center N/A Public Funding for Christmas gifts for children in residence $1,000

218 North Tenth Street

Garland, Texas 75040

Nexus Recovery Center N/A Public Funding for operating expenses to support $25,000

8733 La Prada Drive programs that help women break the cycle of

Dallas, Texas 75228 addiction to alcohol and drugs

North Texas Food Bank N/A Public Funding to purchase food for the Close the Gap $100,000

4500 S co*ckrell Hill Road Initiative to reduce hunger in North Texas

Dallas, Texas 75236

Oak Hill Academy N/A Public Multi-year funding for the tuition assistance fund $35,000

9407 Midway Road for children with learning differences

Dallas, Texas 75220

Operation Care Dallas N/A Public Funding for the Christmas Gift 2009 human $10,000

1200 Warwick Drive services event for homeless individuals and families

Mesquite, Texas 75150

The Parkland Foundation N/A Public Funding for The Campaign for a New Parkland $5,000,000

2777 N Stemmons Freeway, Suite 1700

Dallas, Texas 75207

PediPlace N/A Public Funding for the Healthy Kids and Illness to $25,000

502 S Old Orchard Lane, Suite 126 Wellness programs which promote the health of

Lewisville, Texas 75067 children in an underserved community

Pine Cove Christian Camps N/A Public Funding for camperships for Dallas area urban $50,000

P. O. Box 9055 youth to attend camp in the summer of 2009

Tyler, Texas 75711

Presbyterian Night Shelter of Tarrant County N/A Public Support for the children in the "Little Feet off the $35,000

1989 Colonial Parkway Street" program which offers intensive case

Ft. Worth, Texas 76110 management services to homeless children and

their parents

Project Transformation N/A Public Funding for the Summer Program for Underserved $15,000

547 E Jefferson Boulevard Youth which provides summer day camps for youth

Dallas, Texas 75203 and children of low-income families

Promise House N/A Public Funding for operating expenses for the Emergency $50,000

224 W Page Avenue Youth Shelter which provides housing and

Dallas, Texas 75208 programming to transition teens from homelessness

to long-term stability and success

Statement 20 Page 10

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee FoundationName and address (home or business) Relationship Status Purpose of grant or contribution

Promise House N/A Public Funding for Christmas gifts for children in residence

224 W Page Avenue

Dallas, Texas 75208

Ranger Independent School District N/A Public Funding for college scholarships for Ranger ISD

1842 Loop 254 East high school graduates

Ranger, Texas 76470

ReadyStart N/A Public Funding for the Early Childhood Intervention Program

1701 N Collins Boulevard, Suite 100 which supports families with developmentally

Richardson, Texas 75080 delayed children ages 0-3

Richardson Regional Cancer Center Foundatio N/A Public Funding for the capital campaign for a new cancer

401 West Campbell Road center at Richardson Regional Hospital

Richardson, Texas 75080

Rio Bravo Ministries N/A Public Funding for school supplies

P 0 Box 2512

Mission, Texas 78573

RISE Adventures N/A Public Funding for adaptive equipment that is used for

P 0 Box 141122 programming for people with physical disabilities

Irving, Texas 75014

The Rise School of Dallas N/A Public Funding for education programming for children with

5923 Royal Lane Down syndrome or other developmental disabilities

Dallas, Texas 75230

Services of Hope Entities N/A Public Funding for the Literacy, Character, and

P 0 Box 227252 Connections Academies which assist at-risk

Dallas, Texas 75222 students in low-performing DISD schools.

S M Wright Foundation N/A Public Funding for Christmas In The Park where all families

100 North Central Expressway, Suite 805 attending receive hot meals, groceries, clothing,

Dallas, Texas 75201 household items and toys for their children

Southern Methodist University N/A Public Funding to support the Music Therapy Practicum

Meadows School of the Arts Program in collaboration with Hugworks

P 0 Box 750356

Dallas, Texas 75275

SpintHorse Therapeutic Riding Center N/A Public Funding for equine-assisted healthcare for children

1960 Post Oak Drive with autism

Amount

$1,000

$10,000

$398,263

$25,000

$35,000

$5,000

$15,000

$25,000

Corinth, Texas 76210

Statement 20 Page 11

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business) Relationship Status Purpose of grant or contribution

St Anthony Foundation N/A Public Funding for academic enrichment programs which

8111 Preston Road, Suite 712 prepare students for success in higher education

Dallas, Texas 75225

St Philip's School & Community Center N/A Public Funding for Phase I of the campus expansion

1600 Pennsylvania Avenue project

Dallas, Texas 75215

Starlight Children's Foundation N/A Public Funding to support the PC Pals and Great Escapes

4848 Lemmon Avenue #100-426 programs which provide education and entertainment

Dallas, Texas 75219 relief for children who are suffering from serious

injury or illness

The Stewpot N/A Public Funding for the Venturing Crew which provides high

408 Park Avenue school students with once a week tutoring and

Dallas, Texas 75201 mentoring supplemented with creative and

recreational activities

Suicide & Crisis Center of North Texas N/A Public Funding for the Crisis Line Paid Staff Initiative which

2808 Swiss Avenue will ensure crisis line coverage during periods of the

Dallas, Texas 75204 week volunteer staff are unavailable

Tarrant Area Food Bank N/A Public Funding for the Kids Cafe program which provides

2600 Cullen Street free meals and snacks to children in after-school

Ft. Worth, Texas 76107 programs

Texas Hearing & Service Dogs N/A Public Funding to train a hearing and service dog that will

4803 Rutherglen be matched with a disabled person

Austin, Texas 78749

Trinity River Mission N/A Public Funding for out-of-school programs which raise

2060 Singleton Boulevard, Suite 104 the academic performance of youth

Dallas, Texas 75212

Union Gospel Mission N/A Public Funding for a counselor who will assist

3211 Irving Boulevard circ*mstantially homeless people with interventions

Dallas, Texas 75247 to help them get back to self-sufficiency.

United Negro College Fund N/A Public Funding for the Campaign for Student Emergency

2800 Swiss Avenue Aid which provides emergency financial aid for

Dallas, Texas 75204 students at risk of being forced to leave college

because of economic conditions

Amount °

$25,000

$250,000

$15,000

$35,000

$30,000

$17,500

$50,000

$20,000

$25,000

Statement 20 Page 12

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF , Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business) Relationship Status Purpose of grant or contribution

Vickery Meadow Learning Center N/A Public Funding toward the purchase of a facility as part of

6329 Ridgecrest the West Dallas Expansion project

Dallas, Texas 75231

Vickery Meadow Learning Center N/A Public Funding for a children's Christmas party

6329 Ridgecrest

Dallas, Texas 75231

Vogel Alcove N/A Public Funding for a children's Holiday party

7557 Rambler Road, Suite 262

Dallas, Texas 75231

Voice of Hope N/A Public Funding for summer and fall after-school programs

P O. Box 224845 serving West Dallas youth

Dallas, Texas 75222

Voice of Hope N/A Public Funding for the Christmas Shop for parents in West

P 0 Box 224845 Dallas and a children's Christmas party

Dallas, Texas 75222

Volunteer Center of North Texas N/A Public Funding for the Hands ON North Texas program

2800 Live Oak Street which develops volunteers and promotes the

Dallas, Texas 75204 volunteer needs of local non-profits

The Warren Center N/A Public Funding for the Rollercoaster Kids program which

320 Custer Road provides therapeutic support for children with

Richardson, Texas 75080 developmental differences

Wednesday's Child N/A Public Funding for education, medical, and therapeutic

11882 Greenville Avenue, Suite 113 services for children in foster care

Dallas, Texas 75243

the Well Community N/A Public Funding for the Well Community Life Center which

125 Sunset Avenue offers a daytime, restorative environment for people

Dallas, Texas 75208 with serious mental illness who need the support of

a community

Wesley-Rankin Community Center N/A Public Funding for capital improvements and for the "Keys

3100 Crossman Avenue to Success" after-school and summer programs

Dallas, Texas 75212 designed to prevent school dropout and truancy.

The Wilkinson Center N/A Public Funding for the CLIMB UP after-school program

P 0 Box 720248 which provides education and social support for teen

Dallas, Texas 75372 youth

Amount

$50,000

$1,000

$110,000

$5,000

$15,000

$80,000

$40,000

$30,000

$50,000

$58,000

Statement 20 Page 13

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business ) Relationship Status Purpose of grant or contribution Amount

Yellowstone Academy N/A Public Multi-year funding for "Reaching Up Reaching Out" $50,000

3000 Trulley capital campaign which will provide a permanent

Houston, Texas 77004 facility for the school

Young Life N/A Public Funding for Christian ministry work with a special $15,000

11300 N Central Expressway, Suite 600 focus on inner-city youth

Dallas, Texas 75243

Young Life N/A Public Funding for Christian ministry work with a special $11,600

11300 N Central Expressway, Suite 600 focus on youth with mental and physical disabilities

Dallas, Texas 75243

Youth Believing in Change N/A Public Funding for Fall Educational Programs which help $75,000

8574 Stults Road children develop academic and leadership skills

Dallas, Texas 75243

Youth Believing in Change N/A Public Funding for a children's Christmas party $2,500

8574 Stults Road

Dallas, Texas 75243

Youth Village Foundation N/A Public Funding for the P R E. P Dog Training Program $55,000

1508 E Langdon Road which teaches juvenile offenders positive behaviors

Dallas, Texas 75241 and trains hard-to-adopt dogs

YWCA of Metropolitan Dallas N/A Public Funding for the Nurse-Family Partnership Program $75,000

4144 N. Central Expressway, Suite 580 which equips first-time mothers with the skills to be

Dallas, Texas 75204 effective parents and avoid abusive or neglectful

behavior

Zero to Five Funders Collaborative N/A Public Funding for a project to equip, encourage, and $125,000

c/o The Dallas Foundation support parents and caregivers in the Bachman Lake

900 Jackson Street, Suite 150 area to prepare children age birth to five for success

Dallas, Texas 75202 in school

Subtotal grants paid $17,079,068

Matching Grants

Campus Crusade for Christ International N/A public Employee matching grant $ 600

P 0 Box 628222

Orlando, FL 32862

Statement 20 Page 14

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee Foundation

Name and address (home or business) Relationship Status Purpose of grant or contribution Amount

CURE, International, Inc N/A public Employee matching grant $ 250701 Bosler Ave.

Lemoyne, PA 17043

Dallas Leadership Foundation N/A public Employee matching grant $ 250

P. 0 Box 227455

Dallas , TX 75222

Exchange Club Center for the Prevention N/A public Employee matching grant $ 700

of Child Abuse

2902 Swiss Avenue

Dallas, TX 75204

Highland Park Education Foundation N/A public Employee matching grant $ 5004201 Grassmere

Dallas, TX 75205

Highland Park Presbyterian Church N/A public Employee matching grant $ 100

3821 University Blvd

Dallas, TX 75205

Holistic Hope for Children & Youth N/A public Employee matching grant $ 500

P 0 Box 7306

Longview, TX 75607-7306

Living Water International N/A public Employee matching grant $ 2,450

P 0 Box 35496

Houston, TX 77235

Mercy Ministries of America, Inc N/A public Employee matching grant $ 900P 0 Box 111060

Nashville, TN 37222

Mercy Street N/A public Employee matching grant $ 2503801 Holystone

Dallas, TX 75212

Mission to the World (PCA), Inc N/A public Employee matching grant $ 500

P 0 Box 116284

Atlanta, GA 30368

Museum of Nature and Science N/A public Employee matching grant $ 100P 0 Box 151469

Dallas, TX 75315

Statement 20 Page 15

2009 Federal Statements

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 20Form 990-PF, Part XV, Line 3aGrants and Contributions Paid During the Year

Recipient Donee FoundationName and address ( home or business) Relationship Status Purpose of grant or contribution Amount

Vision Africa N/A public Employee matching grant $ 500

P 0 Box 600008

Dallas, TX 75360

Subtotal matching grants $ 7,600

Grand Total Grants Paid During the Year $ 17,086,668

Statement 21 Page 1

2009

Client REESJONES

Federal Statements

The Rees-Jones Foundation 75-5132900

Statement 21Form 990-PF, Part XV, Line 3aGrants and Contributions Approved for Future Payment

Recipient Donee FoundationName and address (home or business ) Relationship Status Purpose of grant or contribution

Association for Independent Living N/A Public Funding for housing and life skills training for2826 Storey Lane developmentally disabled/mentally challenged

Dallas, Texas 75220 young adults

The Battered Women's Foundation N/A Public Funding for the Emergency Care Program whichP 0 Box 54888 helps victims of domestic violence becomeHurst, Texas 76054 independent and break the cycle of abuse

Catholic Chanties of Dallas N/A Public Funding for tuition assistance for children to

9461 LBJ Freeway, #100 attend the Saner Child Development CenterDallas, Texas 75243

Children's Chorus of Greater Dallas N/A Public Funding for tuition assistance for children to

400 N St. Paul Street, Suite 510 participate in Summer Singing Camp and/or theDallas, Texas 75201 Neighborhood Choir Program

Dallas CASA N/A Public Funding for renovation of office space to enhance

2815 Gaston Avenue recruitment and training of CASA advocatesDallas, Texas 75226

Educational Opportunities N/A Public Multi-year funding for college scholarships for

8350 North Central Expressway, Suite 775 Dallas ISD seniors

Dallas, Texas 75206

Ferguson Road Initiative N/A Public Funding for the Science Enrichment program atP O Box 570417 four Dallas ISD elementary schools in the Ferguson

Dallas, Texas 75357 Road Initiative neighborhood

The Hillier School N/A Public Multi-year funding for teacher ennchment

3821 University Boulevard and retention

Dallas, Texas 75205

HPPC Sudanese Refugee Eduaction Fund N/A Public Multi-year funding for college scholarship

Highland Park Presbyterian Church assistance and laptops for Sudanese refugees

3821 University Boulevard

Dallas, Texas 75205

Institute of Child Development at TCU N/A Public Multi-year funding for the Institute's Outreach

TCU Box 297044 Program which trains foster or adoptive parents

Ft Worth, Texas 76129 and child advocate professionals

Johnson County Child Advocacy Center N/A Public Funding for the Forensic Extraction Program which

910 N Granbury Street is a technology that can be used to gather evidence

Cleburne, Texas 76033 of sexual exploitation crimes from cell phones.

Amount

$30,000

$20,000

$40,000

$10,000

$95,000

$30,000

$15,000

$50,000

$110,000

$500,000

$10,000

Statement 21 Page 2

2009

Client REESJONES The Rees-Jones Foundation 75-5132900

Statement 21

Form 990-PF, Part XV, Line 3aGrants and Contributions Approved for Future Payment

Federal Statements

Recipient Donee FoundationName and address (home or business) Relationship Status Purpose of grant or contribution Amount

Junior Players N/A Public Funding for the Discover Arts After-School Programs $10,0004054 McKinney Avenue, Suite 104 which teach art and conflict resolution

Dallas, Texas 75204

Just Say Yes N/A Public Funding for the Underserved Youth Impact Plan $40,000

P 0 Box 670863 which provides youth with factual and relational

Dallas, Texas 75367 information to equip them to live healthy and

successful lives

March of Dimes

12660 Coit Road, Suite 200 South

Dallas, Texas 75251

N/A Public Multi-year funding for the NICU Family Support

Program at Parkland Hospital in Dallas

$25,000

Museum of Nature and Science

P 0 Box 151469

Dallas , Texas 75315

Parkland Foundation

2777 N Stemmons Freeway, Suite 1700

Dallas , Texas 75207

TexProtects

2904 Floyd Street, Suite C2

Dallas , Texas 75204

Volunteers in Service to Others

P O Box 607

Gainesville, Texas 76241

William Jewett Tucker Foundation

Dartmouth College

6154 South Fairbanks Hall

Hanover, New Hampshire 03755

N/A Public Funding for the Capital Campaign for the new

Museum of Nature and Science

N/A Public Funding for The Campaign for a New Parkland.

N/A Public Funding for operating expenses

N/A Public Funding for the Backpack Buddy program which

sends children from low-income families home

from school each Friday with food for the weekend

N/A Public Funding for the Cross Cultural Education & Service

Program which enables Dartmouth students to

participate in local, national, and international

service projects.

$5,500,000

$15,000,000

$50,000

$40,000

$30,000

Grand Total Grants Approved for Future Payment

Form 8868 Application for Extension of Time To File an(Rev April 2009) Exempt Organization Return OMB No 1545 1709

Department the Treasury ► File a separate application for each return.Internalrnal Revenue Servicece

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box ► X^

• If you are filing for an Additional (Not Automatic) 3-Month Extension , complete only Part II (on page 2 of this form).Do not complete Part // unless you have already been granted an automatic 3-month extension on a previously filed Form 8868

Part I Automatic 3-Month Extension of Time. Only submit original (no copies needed).

A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part I only ► F1

All other corporat ions (including 1120-C filers), partnersh ips, REMICS, and trusts must use Form 7004 to request an extens ion of t ime to fileincome tax returns -

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of thereturns noted below (6 months for a corporation required to file Form 990-T) However, you cannot file Form 8868 electronically if (1) you wantthe additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidatedForm 990-T Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868 For more details on the electronic filing ofthis form, visit www irs gov/efile and click on a-file for Charities & Nonprofits

Type orprint

File by thedue date forfiling yourreturn Seeinstructions

Name of Exempt Organization

The Rees-Jones FoundationNumber , street , and room or suite number If a P 0 box, see instructions

5956 Sherry Lane #1603City, town or post office, state , and ZIP code For a foreign address see instructions

Dallas, TX 75225Check type of return to be filed (file a separate application for each return)

Form 990 Form 990-T (corporation) Form 4720

Form 990-BL Form 990-T (section 401(a) or 408(a) trust) Form 5227

Form 990-EZ Form 990-T (trust other than above) Form 6069

X Form 990-PF Form 1041-A Form 8870

• The books are in the care of ► Cissr /.. - - - _y- Moses _ _ _ _ -----------------------

TelephoneNo ► (214) 751-2977 FAX No ► (214) 751-2978----------------- -----------------• If the organization does not have an office or place of business in the United States , check this box ► U• If this is for a Group Return , enter the organization ' s four digit Group Exemption Number (GEN) , If this is for the whole group,

check this box ► FJ If it is for part of the group , check this box ► and attach a list with the names and EINs of all members

the extension will cover

1 I request an automatic 3-month (6 months for a corporation required to file Form 990 -T) extension of time

until _ 8/15

_ _ , 20 1 0 _ , to file the exempt organization return for the organization named above.The extension is for the organization ' s return for

► XX 1calendar year 20 09 or

► tax year beginning - - _ _ _ _ _, 20 , and endin g 20

2 If this tax year is for less ' than 12 months , check reason U Initial return U Final return U Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits See instructions 56, 634.

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax paymentsmade Include any prior year overpayment allowed as a credit 3b l $ 65,038.

c Balance Due. Subtract line 3b from line 3a Include your payment with this form, or, if required,deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System).See instructions 3c $ 0.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO forpayment instructions.

BAA For Privacy Act and Paperwork Reduction Act Notice , see instructions . Form 8868 (Rev 4-2009)

Employer identification number

20-5132900

FIFZ0501L 03/11/09

Form 8868 (Rev 4-2009) Page 2

• If you are filing for an Additional (Not Automatic) 3-Month Extension , complete only Part II and check this box

Note . Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868

• If you are filin g for an Automatic 3-Month Extension , complete only Part I (on page 1).

Part fE Additional (Not Automatic) 3-Month Extension of Time. Only file the onainal (no copies needed).Name of Exempt Organization I j Employer identification number

Type orprint The Rees-Jones Foundation 20-5132900

Number , street , and room or suite number If a P O box, see instructions For IRS use only

cde by theextended

Check type of return to be filed (File a separate application for each return)

Form 990 X Form 990-PF Form 1041-A 8 Form 6069

Form 990-BL Form 990-T (section 401(a) or 408(a) trust) Form 4720 Form 8870

Form 990-EZ Form 990-T (trust other than above) Form 5227

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

• The books are in care of" CiSS Moses

Telephone No ► (214) 751-2977 FAX No "J210751-2978---------------- ----------------• If the organization does not have an office or place of business in the United States, check this box

• If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is for the

whole group, check this box F1 If it is for part of the group, check this box"nand attach a list with the names and EINs of all

members the extension is for.

4 I request an additional 3-month extension of time until 11/15_ 20 10

5 For calendar year 2009 , or other tax year beginning , 20 and ending 20___ _

6 If this tax year is for less than 12 months, check reason Initial return flFinal return JChange in accounting period

7 State in detail why you need the extension Due to circ*mstances beyond the taxpayer' S-control,------------------ --- ----------

certain partnership and other taxinformation hasnotbeen received to date and more _------ --- ---- -- -------- -- -- ---time is needed to file an accurate and complete return.

8a If this application is for Form 990-BL, 990 -PF, 990-T. 4720, or 6069 . enter the tentative tax, less anynonrefundable credits See Instructions 8a l $ 54,014.

b If this application is for Form-990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated taxpayments made Include any prior year overpayment allowed as a credit and any amount paid previouslywith Form 8868 8b$ 65,038.

c Balance Due. Subtract line 8b from line 8a Include your payment with this form, or, if required, depositwith FTD coupon or, if required, by using EFTPS (Electronic Federal Ta x Payment System) See inst rs 8c $ 0 .I I

Signature and Verificationthis form, including accomparlymg st hedules and statements, arid to the best of my knowledge and belief , it is true,this form

BAA FIFZ0502L 03/11/09 Form 8868 (Rev 4-2009)

990-PF Return of Private Foundation Treated as a Private ...990s.foundationcenter.org/990pf_pdf_archive/205/205132900/... · Form 990-PF Return of Private Foundation or Section 4947(a)(1) - [PDF Document] (2024)