Form

990

OMB No 1545-0047

Return of Organization Exempt From Income Tax

Under section 501 (c), 527, or 4947(aXl) of the Internal Revenue Code (except black lung benefit trust or private foundation) ^ The organization may have to use a copy of this return to satisfy state reporting requirements , 2009, and endin q
D C Please use IRS label or p not or type Name of organization

1
Telephone number

2009
Open to Public Inspection

Department of the Treasury In te rn a l R e venue Service

For the 2009 calendar year, or tax year be g innin g

B Check if applicable Address change

Employer Identification Number

Donors Ca p ital Fund ,

P.O. Box 1305 Cit y, town or count ry Alexandria

Inc
Room/suite E

54-1934032
( 703 ) State VA ZIP code + 4 22313 G Gross receipts $ 61, 417, 098.
H(a) Is this a group return for affiliates) H(b) A re all affil i ates included' It 'No.' attach a list (see instructions) H(c) Group exemption number

H Name change
Initial return Termination Amended return
F Application pending

Number and street (or P 0 box if mail is not delivered to street addr)

specis Instn Irons s

535-3563

F Name and address of principal officer

Whitne L. Ball P. 0.
I

Box 1305 Alexandria

(insert no)

VA 22313

Ye s Ye s

No No

Tax-exem p t status X 501 c)

( 3
Trust

17 4947(a)(1) or 17 527
Other" L Year of Format i on

J
K

Website : ^

donors ca italfund. or
X Corporation Assoc i ation

Form of organization

1999

M State of legal domicile

VA

Part I
1

Summa ry
Briefly describe the organization's mission or most significant activities support IRC 509 (a) (1), (2) 6 (3) crgs, wh_ic_h_al_le viat e, t h r ough _a_nd private initiatives, society's most pervasive and radical needs_inclu ding those relatinc^to social _ed_uc a t ion, r e s ear ch _ welfare , health , environment , economics , jovernance, foreign relations , and arts and culture; and which encourage philanthropy_ ---------------,i-v and individual c,L }-ing and reponsibility as an answer to society 's needs, as imposed to governmental involvement.

C it 2

hrC:hark this - )y ^

I if the nrnannatinn riicrnntinuerl its nneratinns or disnnserl of more than 29

of its assets

W a

3 4 5 6 7a b

Number of voting members of the governing body (Part VI, line 1a) Number of independent voting members of the governing body (Part VI, line 1 b) Total number of employees (Part V, line 2a) Total number of volunteers (estimate if necessary) Total gross unrelated business revenue from Part VIII, (column (C), Ine 12 Net unrelated business taxable income from Form 990-T, line 34 Prior Year

3 4 5 6 7a 7b

9 8 0 0 -60 , 332. -60 , 332. Current Year

8
9 10 11 12

Contributions and grants (Part VIII, line 1h)

Program service revenue (Part VIII, line 2g) Investment income (Part VIII, column (A), lines 3, 4, and 7d) Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 1 le) Total revenue - add lines 8 throu g h 11 (must e q ual Part VIII, column (A) , line 12)

41 649 571.
-4 , 139 , 979. 37 509 592.

56 570 167.
728 , 207. 57 , 298 , 374.

w {I^^r
W

13
14 15

Grants and similar amounts paid (Part IX, column (A), lines 1-3)
Benefits paid to or for members (Part IX, column (A), line 4) Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10)

70 858 213.
0. 0. 0. 694 71 553 924. 137.

59 781 233.

16a Professional fundraising fees (Part IX, column (A), line 11e) b Total fundraising expenses (Part IX, column (D), line 25) ^ 17 18 Other expenses (Part IX, column (A), lines Ila-11d, Ilf-24f) Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25)

676 171. 6--0 , 4-5-7 , 404.

19
bg to as

Revenue less ex p enses Subtract line 18 from I ne 1 2

-I

-34 , 043 , 545.

Be g innin g of Year

-3 , 159 030.
End of Year

20
21

Total assets (Part X, line 16) Total liabilities (Part X , line 26)
.n rraaurc urva.n f er u ry I plate

=LL 22
rail it

NO V Net assets or fund balances Subtract line 21 from line 20

I stare that I have eclaration of pre mined thi$ Cher 4i Under a ties true, corr ct , a

001

2oio
_

C u?^

55 606 048. 87 59. 55 418 789.

55 638 563. 29 65. 55 , 509 , 398.

Jnflodi^ r -ctom^ pan in ^hhoduIes and statements , and to the best of my knowledge and belief, it is a t rn y y g o^ficerj-ba se don airinforma tion of which preparer has any knowledge

Sign Here

^
I f officer

' ^P kOV
Date

l()

O'Whitne y L. Bal Tvoe or orint name and title

Paid
Pre-

Preparer's signature

parer's
Use Only

Firm ' s name (or yours it selfemployed), ^ a dd ress, an d ZIP + 4

May the IRS discuss this return with the preparer shown above? (see I BAA For Privacy Act and Paperwork Reduction Act Notice , see the

Form 990 (2009)

Donors Ca p ital Fund ,

Inc

54-1934032

Pa ge 2

Statement of Program Service Accomplishments Part III 1 Briefly describe the organization's mission.
Support IRC-509 (a) (1)1 (2) & (3) orgs, which alleviates through education, research and private------ --------- -----------------------relating initiatives, society's most pervasive and radical needs, including those ----- to social welfare,_ -------------- ------------ ----See Form 990, Page 2, Part III, Line 1 Jcontinued) - _ _ ----------------------------------------------2 Did the organization undertake any significant program services during the year which were not listed on the prior No Form 990 or 990-EZ' F1 Yes XQ If 'Yes,' describe these new services on Schedule O. No Yes Did the organization cease conducting, or make significant changes in how it conducts, any program services? If 'Yes,' describe these changes on Schedule 0 Describe the exempt purpose achievements for each of the organization's three largest program services by expenses. Section 501 (c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported

3 4

4a (CodeSupport IRC

) (Expenses

59, 812, 760.

including grants of

59, 781, 233. ) (Revenue

60, 494, 017. )

509(a) M-& -509(a) (2)_o:Eis, which alleviateL through ---------------- _ _ed_uc_a t ion, r esea r c h an d private initiatives, society_s most pervasive and radical needs, including those relating to social-welfare, health, environment, economics, governance, foreign relations, and arts and culture ,and which encourage philanthropy ------------------and individual giving and responsibility as an answer to society's needs, as opposed to governmental involvement. -------------------- - - - - - - ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4b (Code,

) (Expenses

including grants of

) (Revenue

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------4c (Code ) (Expenses $ including grants of $ ) (Revenue $

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------4d Other program services. (Describe in Schedule O ) $ including grants of (Expenses $ 59, 812, 760. 4e Total program service expenses ^

) (Revenue

BAA

TEEAO1O2

07/20/09

Form 990 (2009)

Form 990 Part IV

1 2 3 4 5

Donors Capital Fund, Inc 9) Checklist of Required Schedules

54-1934032
Yes

Page 3
No

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)' If 'Yes,' complete Schedule A Is the organization required to complete Schedule B, Schedule of Contributors? Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office' If 'Yes,' complete Schedule C, Part 1 Section 501 (cx3) organizations Did the organization engage in lobbying actrvities7 If 'Yes,' complete Schedule C, Part ll Section 501 (cx4), 501 (cx5), and 501 (cx6) organizations . Is the organization subject to the section 6033(e) notice and reporting requirement and proxy tax? If 'Yes,' complete Schedule C, Part 111 Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D, Part 1 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas or historic structures? If 'Yes,' complete Schedule D, Part ll Did the organization maintain collections of works of art, historical treasures, or other similar assets' If 'Yes,' complete Schedule D, Part 111 Did the organization report an amount in Part X, line 21 ; serve as a custodian for amounts not listed in Part X; or provide credit counseling , debt management , credit repair, or debt negotiation services ? If 'Yes,' complete Schedule D, Part IV Did the organization , directly or through a related organization , hold assets in term, permanent , or quasi-endowments? If 'Yes,' complete Schedule D, Part V Is the organization ' s answer to any of the following questions 'Yes ' X as applicable If so, complete Schedule D, Parts VI, VII, VIII, IX, or

1 2 3 4 5

X X X X

6 7 8

X X X

7 8

9 10 11

9 10 11 X X

Did the organization report an amount for land, buildings and equipment in Part X, line 10? If 'Yes,' complete Schedule D, Part VI Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16'7 If 'Yes ,' complete Schedule D, Part VII Did the organization report an amount for investments - program related in Part X , line 13 that is 5% or more of its total assets reported in Part X, line 169 If ' Yes,' complete Schedule D, Part VIII Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X , line 16'' If 'Yes ,' complete Schedule D, Part IX Did the organization report an amount for other liabilities in Part X, line 25? If 'Yes ,' complete Schedule D, Part X Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organizaiton's liability for uncertain tax positions under FIN 48' If'Yes,' complete Schedule D, Part X 12 Did the organization obtain separate, independent audited financial statement for the tax year? If 'Yes,' complete Schedule D, Parts Xl, Xll, and Xlll Yes No 12AWas the organization included in consolidated, independent audited financial statement for the tax Xlll Is optional 1 12 A l I X year? If 'Yes,' completing Schedule D, Parts XI, Xll, and 170(b)(1)(A)(ii)? I f 'Yes,' complete Schedule E 13 Is the organization a school described in section 14a Did the organization maintain an office, employees, or agents outside of the United States? b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmakmg, fundraising, business, and program service activities outside the United States' If 'Yes,' complete Schedule F, Part I 15 16 17 18 19 20 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States' If 'Yes,' complete Schedule F, Part ll Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If 'Yes,' complete Schedule F, Part 111 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11 e? If 'Yes,' complete Schedule G, Part 1 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1 c and 8a? If 'Yes,' complete Schedule G, Part Il Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If 'Yes,' complete Schedule G, Part 111 Did the organization operate one or more hospitals? If 'Yes,' complete Schedule H 12 X

13 14a 14b 15 16 17 18

X X X X X X X X X

[20

BAA

TEEA0103

02112nO

Form 990 (2009)

Form 990 (2009 ) Donors Checklist of Part IV

21 22 23

Inc

54-1934032
Yes

Page 4
No

ired Schedules

Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If 'Yes,' complete Schedule I, Parts 1 and 11 Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If 'Yes,' complete Schedule I, Parts I and 111 Did the organization answer 'Yes' to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If 'Yes,' complete Schedule J

21 22

X X

23

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, and that was issued after December 31, 2002' If 'Yes,' answer lines 24b through 24d and complete Schedule K If 'No,'go to line 25 b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? d Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year? 25a Section 501(cX3) and 501 (cX4) organizations . Did the organization engage in an excess benefit transaction with a disqualified person during the year? If 'Yes,' complete Schedule L, Part I b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If 'Yes,' complete Schedule L, Part I 26 27 Was a loan to or by a current or former officer , director, trustee , key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization ' s tax year? If ' Yes,' complete Schedule L, Part 11 Did the organization provide a grant or other assistance to an officer, director, trustee , key employee , substantial contributor , or a grant selection comittee member, or to a person related to such an individual? If 'Yes ,' complete Schedule L, Part 111 Was the organization a party to a business transation with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds , conditions, and exceptions)a A current or former officer , director, trustee, or key employee ' If 'Yes,' complete Schedule L, Part IV b A family member of a current or former officer, director, trustee, or key employee? If 'Yes,' complete Schedule L, Part IV c An entity of which a current or former officer, director, trustee, or key employee of the organization (or a family member) was an officer, director, trustee, or direct or indirect owner? If 'Yes,' complete Schedule L, Part IV 29 Did the organization receive more than $25,000 in non-cash contributions? If 'Yes,' complete Schedule M 30 31 32 33 34 35 36 37 38 BAA Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If 'Yes,' complete Schedule M Did the organization liquidate, terminate, or dissolve and cease operations? If 'Yes,' complete Schedule N, Part 1 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If 'Yes,' complete Schedule N, Part 11 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If 'Yes,' complete Schedule R, Part 1 Was the organization related to any tax-exempt or taxable entity? If 'Yes,' complete Schedule R, Parts ll, ill, IV, and V, line 1 Is any related organization a controlled entity within the meaning of section 512(b)(13)? If 'Yes,' complete Schedule R, Part V, line 2 Section 501(cx3) organizations . Did the organization make any transfers to an exempt non-charitable related organization' If 'Yes,' complete Schedule R, Part V, line 2 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If 'Yes,' complete Schedule R, Part VI Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 and 19' Note . All Form 990 filers are required to com p lete Schedule 0

24a 24b 24c 24d 25a

25b 26

X X

27

28

28a 28b 28c 29 30 31 32 33 34 35 36 37 38 X X X X X

X X X X X X

X X

Form 990 (2009)

TEEA0104

02/12/10

Form 990 Part V

ors Capital nts Reaardina

Inc IRS Fili

54-1934032

Page5 Yes No

s and Tax Compliance

1 a Enter the number reported in Box 3 of form 1096, Annual Summary and Transmittal of U S. Information Returns. Enter -0- i f not applicable b Enter the number of Forms W-2G included in line I a. Enter -0- if not applicable

1a lb

2 0 1c X

c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming . (gambling) winnings to prize winners? 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the 2a calendar year ending with or within the year covered by this return 2b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? Note. If the sum of lines la and 2a is greater than 250, you may be required to a-file this return (see instructions) 3a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? b If 'Yes' has it filed a Form 990-T for this year? If 'No,' provide an explanation in Schedule 0 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? b If 'Yes,' enter the name of the foreign country. See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? c If 'Yes,' to line 5a or 5b, did the organization file Form 8886-T, Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction? 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible? b If 'Yes,' did the organization include with every solicitation an express statement that such contributions or gifts were not deductible? 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor' b If 'Yes,' did the organization notify the donor of the value of the goods or services provided? c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282' I 7d1 d If 'Yes,' indicate the number of Forms 8282 filed during the year e Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? g For all contributions of qualified intellectual property, did the organization file Form 8899 as required? h For contributions of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098-C as required? 8 Sponsoring organizations maintaining donor advised funds and section 509(aX3) supporting organizations . Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year'? 9 Sponsoring organizations maintaining donor advised funds. a Did the organization make any taxable distributions under section 4966? b Did the organization make any distribution to a donor, donor advisor, or related person? 10 Section 501(cX7) organizations . Enter 10a a Initiation fees and capital contributions included on Part VIII, line 12 1 1016 1 b Gross Receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 11 Section 501(cX12) organizations . Enter. 11 a a Gross income from other members or shareholders b Gross income from other sources (Do not net amounts due or paid to other sources against 11 b amounts due or received from them) filing Form 990 in lieu of Form 1041 ? 12a Section 4947(aXl) non-exempt charitable trusts . Is the organization 112b1 b If 'Yes,' enter the amount of tax-exempt interest received or accrued during the year

0
2b

3a 3b 4a

X X X

5a 5b 5c 6a 6b

X X

7cl
7e 7f 7g 7h

I X
X X

9al

I X

BAA

Form 990 (2009)

TEEA0105

02/12/10

Form 990 (2009 ) Donors Ca p ital Fund , Inc 54-1934032 Page 6 Part VI Governance , Management and Disclosure For each 'Yes' response to lines 2 through 7b below, and for a 'No' response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes

Section A .

Schedule 0. See instructions. Governin g Body and Mana g ement

Yes No 1a 9 1b 8 2 3 4 5 6 7a 7b X X X X X X X

1 a Enter the number of voting members of the governing body b Enter the number of voting members that are independent 2 3 4 5 6

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee or key employee? Did the organization of officers, directors Did the organization since the prior Form delegate control over management duties customarily performed by or under the direct supervision or trustees, or key employees to a management company or other person? make any significant changes to its organizational documents 990 was filed?

Did the organization become aware during the year of a material diversion of the organization's assets? Does the organization have members or stockholders?

7a Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? b Are any decisions of the governing body subject to approval by members, stockholders, or other persons? 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following. a The governing body? b Each committee with authority to act on behalf of the governing body? Is there any officer, director or trustee, or key employee listed in Part VII , Section A, who cannot be reached at the organization ' s mailing address? If 'Yes ,' provide the names and addresses in Schedule 0

8a 8b 9

X X X

Section B. Policies Revenue Code)

(This Section B requests information about policies not required by the Internal
Yes No X

10a Does the organization have local chapters, branches, or affiliates? b If 'Yes,' does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? 11 Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form? 11 A Describe in Schedule 0 the process, if any, used by the organization to review this Form 990 12a Does the organization have a written conflict of interest policy? If 'No,' go to line 13 b Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? c Does the organization regularly and consistently monitor and enforce compliance with the policy? If 'Yes,' describe in Schedule 0 how this is done 13 Does the organization have a written whistleblower policy? 14 Does the organization have a written document retention and destruction policy? 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official b Other officers of key employees of the organization If 'Yes' to line 15a or 15b, describe the process in Schedule 0. (See instructions ) 10b 11 12a 12b 12c 13 14 X X X X X

_ 15a 15b X X

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? b If 'Yes,' has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law , and taken steps to safeguard the organization ' s exempt

16a

status with respect to such arrangements? Section C . Disclosures

17 18 List the states with which a copy of this Form 990 is required to be filed 1,

16b

See States Form 990 Filed In -----------------------------Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable ), 990, and 990 -T (501 (c)(3)s only) available for public inspection Indicate how you make these available Check all that apply n Own website XI Upon request 11 Another's website Describe in Schedule 0 whether (and if so, how) the organization makes its governing documents , conflict of interest policy, and financial statements available to the public State the name, physical address , and telephone number of the person who possesses the books and records of the organizationOrganization -----the Orcianization ' s-Address ------------------(703)_535_3563

19 20

BAA
TEEA0106 02/05/10

Form 990 (2009)

Form 990 2009 Donors Ca p ital Fund , Inc 54-1934032 Com p ensation of Officers , Directors , Trustees , Key Employees , Highest Compensated Part VII

Page 7

Employees , and Independent Contractors Section A . Officers , Directors , Trustees , Key Employees , and Highest Compensated Employees
1 a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organizations's tax year Use Schedule J-2 if additional space is needed. List all of the organization' s current officers directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. List all of the organization' s current key employees. See instructions for definition of 'key employees.' List the organization' s five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations List all of the organization 's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. List all of the organization' s former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order. Individual trustees or directors; institutional trustees; officers; key employees; highest compensated employees, and former such persons. F] Check this box if the organization did not compensate any current officer, director, or trustee. (A)
Name and Title

(B)
Average h ours per week

(c)
Position (check all that apply) T i = } = < G s
-, 5 S a m

(D)
Reportable compensation from the or g anization ( W - 2/1099 - MISC )

(E)
Reportable compensation from related or g anizations ( W - 2/1099 MISC )

(F)
Estimated amount of other compensation f rom th e organization and related organizations

. n i
J

, S

Adam Me erson

President/BoD
Bruce-H Jacobs --------------------

1.50 1.00

X X X X X X X X X

X X X

0. 0. 0. 0.

0. 0. 163 314. 0. 0. 0. 0. 0. 0. 122 875.

0. 0. 0. 0. 0. 0. 0. 0. 0. 0.

Vice Pres./BoD
Whitney L Ball_ -------------

20.00 Sec./BoD Christopher-DeMuth ______ 1.00 Board Member Steven_Hayward__-------1.50 Treas./BoD

Kris Alan Mauren ---------------------

0. 0. 0. 0. 0.

Board Member
William H Mellor ---------------------

1.00 1.00
----------

Board Member
Stphen Moore

Board Member
John Von Kannon ---------------------

1.00 1.00 20.00

Board Member
Melissa Cliett ---------------------

Asst.

Treas.

0.

--------------------------------------------------------------------------------------------------------------------------------------------BAA TEEA0107 11/10/09 Form 990 (2009)

Form 990 (2009 Donors Ca p ital Fund , Inc 54-1934032 Page 8 Part VII Section A . Officers. Directors . Trustees . Kev Emolovees . and Hiahest Comoensated Emolovees (cont.)
(A) Name and Title (c) (B) Average Position (check all that apply) h ours o = m per wee n c 2 CD 3e , o
a

(D) Reportable
compensation from the organization (W-2n099-MISC)

(E) Reportable
compensation from related organizations (W 2/1099-MISC)

(F) Estimated
amount of other compensation from the organization and related organizations

C m ' 2r m

0 ^1 " m

v CD

^
n

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

- - - - ^ - - - - - - - - - - - - - - - - - - - - - -

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

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

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

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

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

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

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

- - - - ,- - - - - - - - - - - - - - - - - - - - - - - -

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

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

---------------------------1 bTotal
2

111-

0.

286, 189.

0.

Total number of individuals (including but not limited to those listed above ) who received more than $ 100,000 In reportable compensation from the organization Yes No Did the organization list any former officer, director or trustee, key employee , or highest compensated employee on line 1 a? If ' Yes,' complete Schedule J for such individual For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $ 150,000? If 'Yes ' complete Schedule J for such individual 3 X

3 4

4 5

X X

Did any person listed on line 1a receive or accrue compensation from any unrelated organization for services rendered to the organization ? If 'Yes,' complete Schedule J for such person Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $ 100,000 of com p ensation from the organization. 5 (A) Name and business address (B) Description of Services

(C) Comoensatlon

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization 1, 1 TEEA0108 01/30/10 BAA 2

Form 990 (2009)

Donors Ca p ital Form 990 2009 ) Part VIII Statement of Revenue

Inc (A) Total revenue (B) Related or exempt function revenue

54-1934032
(C) Unrelated business revenue

Page 9
(D) Revenue excluded from tax under sections 512. 513. or 514

1 a Federated campaigns b Membership dues

y a c Fundraising events d Related organizations yf zM e Government grants ( contributions)

1a 1b
1 C 1 d 1 e

W m I_=

f All other contributions , gifts, grants, and similar amounts not included above g Noncash contrlbns included in Ins la -1f

1 f 5 6 5 7 0 167 . $ 520,167.

La
W

h Total . Add lines la-If

Business Code

0'56,570,167.

W
W 11

2a b -----------------C d
- - - - - - - - - - - - -

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

e
o 3 4 5 f All other program service revenue g Total . Add lines 2a-2f Investment income (including dividends, interest and other similar amounts) Income from investment of tax-exempt bond proceeds Royalties
(i) Real 6a Gross Rents (u ) Personal

1 , 026 , 724.

0.

-60,332.

1 , 087 , 056.

b Less- rental expenses c Rental income or (loss) d Net rental income or (loss) 7a Gross amount from sales of assets other than inventory b Less cost or other basis and sales expenses c Gain or (loss)
(i) Securities (ii) Other

3 , 820 , 207. 4 118 724. -298,517. -298 , 517 . 0.1 0.1 -298,517.

d Net gain or (loss)

8a Gross income from fundraising events (not including $ of contributions reported on line I c) a See Part IV, line 18 b b Less. direct expenses c Net income or (loss) from fundraising eve nts 9a Gross income from gaming activities a See Part IV, line 19 b b Less: direct expenses c Net income or (loss) from gaming activities 10a Gross sales of inventory, less returns a and allowances b b Less: cost of goods sold c Net income or (loss) from sales of invento
Miscellaneous Revenue Business Code

11a b c d e 12
BAA

----------------------------------All other revenue Total. Add lines l la-11 Id Total revenue . See instructions

D^ j D-. 157,298,374
TEEA0109 02/12/10

0.1

-60,332.1

788,539. Form 990 (2009)

990 (2009)

Donors Capital Fund,

Inc

54 -1934032

Page 10

Part IX I Statement of Functional Expenses

Section 501(cx3) and 501(cx4) organizations must complete all columns.
All otner organizations must comp lete column (A) out are not requires to compieie columns toy, k%.), an o iv).

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part Vlll. 1 Grants and other assistance to governments and organizations in the U.S See Part IV, line 21 2 Grants and other assistance to individuals in the U S. See Part IV, line 22 3 Grants and other assistance to governments, organizations, and individuals outside the U.S See Part IV, lines 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees 6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages 8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) 9 Other employee benefits 10 Payroll taxes 11 Fees for services (non-employees) a Management b Legal

(A) Total expenses

(B) Program service ex penses

(C) Management and general expenses

(D) Fundraising ex penses

59 781 233.

59 781 233.

c Accounting
d e If g 12 13 14 15 16 17 18 Lobbying Prof fundraising svcs. See Part IV, In 17 Investment management fees Other Advertising and promotion Office expenses Information technology Royalties Occupancy Travel Payments of travel or entertainment expenses for any federal, state, or local public officials Conferences, conventions, and meetings

17 , 441.

0.

17 , 441.

0.

31 , 527.

31 , 527.

0.

0.

19 20 21 22 23 24

Interest Payments to affiliates Depreciation, depletion, and amortization Insurance Other expenses Itemize expenses not covered above (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.) a RecoverypLy_ taxsccrual & filing fees
------- - --

-6 , 322.

0.

-6 322.

0.

bAdmin services ---------------------cRe gistration fees--------dBank fees ---------------------ePos t_ _ age ---------------f All other expenses 25 Total functional expenses . Add lines 1 through24f
26 if following Joint costs . Check here ^ SOP 98-2 Complete this line only if the organization reported in column (B) joint costs from a combined educational cam pai g n and fundraisin g solicitation

620 , 820. 3 , 020. 730. 555. 8 , 400. 60 457 404.

0. 0. 0. 0. 0. 59 812 760.

620 820. 3 , 020. 730. 555. 8 , 400. 644 , 644.

0. 0. 0. 0. 0. 0.

BAA

Form 990 (2009)

TEEA0110

02/05/10

Form 990 (2009) Donors Ca p ital Fund , Part X Balance Sheet

Inc

54-1934032
(A) Beginning of year

Page 11
(B) End of year

Cash - non-interest-bearing

2
3 4 5 6 A s E T 7

Savings and temporary cash investments

Pledges and grants receivable, net Accounts receivable, net Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L Receivables from other disqualified persons (as defined under section 4958(0(1)) and persons described in section 4958(c)(3)(B). Complete Part II of Schedule L

28 641 298.

2
3 4 5 6 7 8 9

32 , 647 , 012.

Notes and loans receivable, net 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Land, buildings, and equipment- cost or other basis Complete Part VI of Schedule D b Less. accumulated depreciation .

10a 10b 10c

11
12 13 14 15

Investments - publicly-traded securities

Investments - other securities. See Part IV, line 11 Investments - program-related See Part IV, line 11 Intangible assets Other assets. See Part IV, line 11

14 516 679.

11
12 13 14 15

17 , 673 , 557.

12

448

071.

5 , 317 , 994.

16
17 18 19 20 21 22

Total assets . Add lines 1 throu g h 15 (must e q ual line 34)

Accounts payable and accrued expenses Grants payable Deferred revenue Tax-exempt bond liabilities Escrow or custodial account liability. Complete Part IV of Schedule D Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. Complete Part II of Schedule L Secured mortgages and notes payable to unrelated third parties Unsecured notes and loans payable to unrelated third parties Other liabilities Complete Part X of Schedule D Total liabilities . Add lines 17 through 25 X and complete lines Organizations that follow SFAS 117, check here 27 through 29 and lines 33 and 34.

55 606 048.
112 , 000.

16
17 18 19 20 21

55 , 638,563.
56 , 000.

B i s

23 24 25 26

75 , 259. 187 259.

22 23 24 25 26

73 , 165. 129, 165.

E T

A
E R G N A A

27
28 29

Unrestricted net assets

Temporarily restricted net assets Permanently restricted net assets and complete Organizations that do not follow SFAS 117, check here lines 30 through 34. Capital stock or trust principal, or current funds Paid-in or capital surplus, or land, building, and equipment fund Retained earnings, endowment, accumulated income, or other funds

55 418 789. 27
28 29

55 , 509 , 398.

30 31 32

30 31 32

N
E

s
BAA

33 Total net assets or fund balances 34 Total liabilities and net assets/fund balances.

55 418 789. 33 55, 606, 048. 34

55 , 509 , 398. 55, 638, 563. Form 990 (2009)

TEEA0111

01/30/10

Form 990 (2009 ) Donors Cap ital Fund , Inc Financial Statements and Re p ortin g Part XI
1 Accounting method used to prepare the Form 990 : [] Cash XQ Accrual E] Other

54-1934032

Page 12
Yes No

If the organization changed its method of accounting from a prior year or checked ' Other,' explain in Schedule 0 2a Were the organization ' s financial statements compiled or reviewed by an independent accountant? b Were the organization ' s financial statements audited by an independent accountant? c If 'Yes' to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review , or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 d If 'Yes' to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a consolidated basis, separate basis, or both: n Both consolidated and separate basis XQ Separate basis 11 Consolidated basis 3a As a result of a federal award , was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? b If 'Yes,' did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits. BAA

2a 2b 2c

X X X

3a 3b

Form 990 (2009)

TEEA0112

02/05/10

OMB No 1545-0047

SCHEDULE A
_ (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service Name of the organization

Public Charity Status and Public Support

Complete if the organization is a section 501(cx3) organization or a section 4947(a)(1)
nonexempt charitable trust . Attach to Form 990 or Form 990-EZ. ^ See separate instructions.

2009
Open to Public Inspection Employer identification number

54-1934032 Donors Ca p ital Fund , Inc Part I Reason for Public Charity Status (All organizations must complete this part.) See instructions The organization is not a private foundation because it is. (For lines 1 through 11, check only one box.)
1 2 3 4 5 6 7 8 9 [ 8 A church, convention of churches or association of churches described in section 170(bX1XAXi). A school described in section 170 (bX1XAXii). (Attach Schedule E ) A hospital or cooperative hospital service organization described in section 170 (bXlXAXiii). A medical research organization operated in conjunction with a hospital described in section 170(bXlXAXiii). Enter the hospital's name, city, and state ----------------------------------------------------An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(bX1XAXiv). (Complete Part II.) A federal, state, or local government or governmental unit described in section 170 (bXlXAXv). An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170 (bXlXAXvi). (Complete Part II.) A community trust described in section 170(bx1XAXvi). (Complete Part II.) An organization that normally receives- (1) more than 33-1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33-1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 See section 509(a)(2). (Complete Part III ) An organization organized and operated exclusively to test for public safety. See section 509(aX4). An organization organized and operated exclusively for the benefit of, to perform the functions of, or carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(aX3). Check the box that describes the type of supporting organization and complete lines 11e through 11h d [] Type Ill- Other CE] Type III - Functionally integrated b []Type II a X] Type I By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) If the organization received a written determination from the IRS that is a Type I, Type II or Type III supporting organization, check this box Since August 17, 2006 , has the organization accepted any gift or contribution from any of the following persons Yes (i) a person who directly or indirectly controls, either alone or together with persons described in (11) and (III) below , the governing body of the supported organization? (ii) a family member of a person described in (I) above? (iii) a 35% controlled entity of a person described in (I) or (II) above? Provide the followlno information about the supported organizations.
(ii) EIN (iii) Type of organization (described on lines 1 -9 above or IRC section (see instructions )) ( iv) Is the organization in col (i listed in your governing document% (v) Did you notify (vi) Is the the organization in organization in col (i) organized in the col (i) of your support7 u S

u 1

10 11

e 1-1 f g

No

11 (i) 11 (ii) 11g(iii)

(vii) Amount of Support

() Name of Supported Organization

Yes

No

Yes

No

Yes

No
59

See Grantee Schedule , Att

781

, 233.

Total
BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ

59, 781, 233.

Schedule A (Form 990 or 990-EZ) 2009

TEEA0401

02105/110

54-1934032 Donors Ca p ital Fund , Inc Schedule A (Form 990 or 990-E 2009 Part ll SupportSchedule for Organizations Described in Sections 170(bXlXAXiv) and 170 (bX1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I ) Section A . Public SuDDort
Calendar year (or fiscal year beginning in) 1, 1 Gifts, grants, contributions and membership fees received (Do not include 'unusual grants. 2 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf 3 The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge 4 Total . Add lines 1-through 3 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 6 (a) 2005 (b) 2006 (c) 2007 (d) 2008 (e) 2009

Page 2

(f) Total

Public support . Subtract line 5 from line 4 Section B. Total Support Calendar year (or fiscal year beginning in) 7 8 Amounts from line 4 (a) 2005 (b) 2006 (c) 2007 (d) 2008 (e) 2009 (f) Total

Gross income from interest, dividends, payments received on securities loans, rents, royalties and income form similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV ) 11 12 Total sup port . Add lines 7 through 10 Gross receipts from related activities, etc (see instructions)

12 f^I oL1

13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here S ection C. Comoutati on of Public Suooort Percentage 14 Public support percentage for 2009 (line 6, column (f) divided by line 11, column (f) 15 Public support percentage from 2008 Schedule A, Part II, line 14

16a 33-113 support test - 2009 . If the organization did not check the box on line 13, and the line 14 is 33-1/3 % or more, check this box and stop here . The organization qualifies as a publicly supported organization. b 33-113 support test - 2008. If the organization did not check a box on line 13, or 16a, and line 15 is 33-1/3% or more, check this box and stop here . The organization qualifies as a publicly supported organization. 17a 10%-facts-and -circumstances test - 2009 If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here . Explain in Part IV how the organization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization

W. L No.

b 10%-facts-and-circumstances test - 2008. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here . Explain in Part IV how the organization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization. 0. 18 Private foundation . If the organization did not check a box on line, 13, 16a, 16b, 17a, or 17b, check this box and see instructions Schedule A (Form 990 or 990-EZ) 2009 BAA
TEEA0402 10/08/09

Donors Ca p ital Fund , Inc Schedule A (Form 990 or 990-EZ) 2009 Schedule for Organizations Described in Section 509(a)(2) Part III I Support (Complete only if you checked the box on line 9 of Part I.) Section A. Public Su pp ort
Zatendar year (or fiscal yr beginning in)', 1 Gifts, grants, contributions and membership fees received. (Do not include 'unusual grants 2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in a activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 513 4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge 6 Total . Add lines 1 through 5 7a Amounts included on lines 1, 2, 3 received from disqualified persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of 1 % of the amount on line 13 for the year c Add lines 7a and 7b 8 Public support (Subtract line 7c from line 6) (a) 2005 (b) 2006 (c) 2007 2008

54-1934032

Page 3

(e) 2009

Total

^} fpm l'Y /^ '1^,^^'rrct -Y`.. _ _--Y-.. ;,y.q SA ^:<A`F'.,`.J'.} S.' 1-YS. ^-a ,.. ^(F`"-.yr t {t..^i3:

.s

Section B. Total Su pp ort Calendar year (or fiscal yr beginning in)

(a) 2005

(b) 2006

(c) 2007

(d) 2008

(e) 2009

(f) Total

9 Amounts from line 6 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income form similar sources b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 c Add lines I Oa and I Ob 11 Net income from unrelated business activities not included inline 10b, whether or not the business is regularly carried on 12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) .' .:r ^ :,.R i ^ ;.Yri`-..^i3. .3. .i .' .i^.:vY :-, .-' c. '^: .iY,3t*:t w 13 Total support. (add Ins 9, 10c, 11, and 12 ) LIM i`'-. 14 First five years . If the Form 990 is for the organization 's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization , check this box and stop here

No. % % % %

Section C.
15 15 Public support percentage for 2009 (line 8, column (f) divided by line 13, column (0) 16 16 Public support percentage from 2008 Schedule A, Part III, line 15 >ection D . Com p utation of Investment Income Percenta g e 17 17 Investment income percentage for 2009 (line 10c, column (f) divided by line 13, column (f)) 18 18 Investment income percentage from 2008 Schedule A, Part III, line 17 19a 33-113 support tests - 2009. If the organization did not check the box on line 14, and line 15 is more than 33-1/3%, and line 17 is not more than 33-1/3%, check this box and stop here . The organization qualifies as a publicly supported organization b 33-113 support tests - 2008 . If the organization did not check a box on line 14 or 19a, and line 16 is more than 33-1/3%, and line 18 is not more than 33-1/3%, check this box and stop here . The organization qualifies as a publicly supported organization 20 Private foundation . If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions BAA TEEA0403 02/15n0

Schedule A (Form 990 or 990-EZ) 2009

Pa 54-1934032 Donors Ca p ital Fund , Inc Schedule A (Form 990 or 990-EZ) 2009 provide the explanations required by Part II, line 10; Part IV Supplemental Information . Complete this part to

Part II, line 17a or 17b; and Part III, line 12. Provide any other additional information. See Instructions.

BAA

TEE 0404

02/05/10

Schedule A (Form 990 or 990-EZ) 2009

SCHEDULE D

OMB No 1545-0047

(Form 990)
Department of the Treasury
Internal Revenue Service Name of the organization

Supplemental Financial Statements

0, Complete if the organization answered ' Yes,' to Form 990, Part IV , lines 6, 7, 8, 9, 10, 11, or 12.
^ Attach to Form 990. 11 See se p arate instructions

2009
Open to Public Inspection fication number

Donors Capita l Fund,

Inc

4-1934032

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts Complete if the organization answered 'Yes' to Form 990, Part IV, line 6.
Donor advised funds (b) Funds and other accounts 20. 56 , 570 , 167. 59 , 778 , 237. 55 375 240. XE Yes No

1 2

Total number at end of year Aggregate contributions to (during year ) 3 Aggregate grants from (during year) 4 Aggregate value at end of year 5 6

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization ' s property , subject to the organization ' s exclusive legal control ? Did the organization inform all grantees , donors, and donor advisors in writing that grant funds may be used only for charitable purposes and not for the benefit of the donor or donor advisor or for any other

X] Yes purpose conferring impermissible private benefit?? Part II Conservation Easements Complete if the organization answered 'Yes' to Form 990, Part IV, line 7.
1

No

Purpose (s) of conservation easements held by the organization (check all that apply). Preservation of an historically important land area Preservation of land for public use (e.g., recreation or pleasure ) Preservation of certified historic structure Protection of natural habitat Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year. Held at the End of the Year a b c d

Total number of conservation easements Total acreage restricted by conservation easements Number of conservation easements on a certified historic structure included in (a) Number of conservation easements included in (c) acquired after 8/17/06 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year 114 5 6 7 8 9 Number of states where property subject to conservation easement is located Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easement it holds? Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year 1, Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year 1, $ Does each conservation easement reported on line 2 (d) above satisfy the requirements of section 170(h)(4)(B)(i) and 170 (h)(4)(B)(ii)? 1-1 Yes LI No

No 11 Yes In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement , and balance sheet, and include , if applicable, the text of the footnote to the organization's financial statements that describes the organization ' s accounting for conservation easements.

Part III Organizations Maintaining Collections of Art , Historical Treasures , or Other Similar Assets Complete if the organization answered 'Yes' to Form 990, Part IV, line 8.
1 a If the organization elected , as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art, historical treasures , or other similar assets held for public exhibition, education, or research in furtherance of public service, provide , in Part XIV, the text of the footnote to its financial statements that describes these items. b If the organization elected , as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition , education , or research in furtherance of public service , provide the following amounts relating to these items: .$ (i) Revenues included in Form 990 , Part VIII , line 1 .$ (ii) Assets included in Form 990 , Part X 2 If the organization received or held works of art, historical treasures , or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 relating to these items. a Revenues included in Form 990, Part VIII, line 1 b Assets included in Form 990, Part X BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 .
TEEA3301 02/02/10

$ 0-$ Schedule D (Form 990) 2009

54-1934032 Page 2 Schedule D Form 990) 2009 Donors Ca p ital Fund , Inc Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets (continued)
3 Using the organization's acquisition accession and other records, check any of the following that are a significant use of its collection items (check all that apply), d H Loan or exchange programs Public exhibition a Other e Scholarly research b Preservation for future generations c 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIV. 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar

No assets to be sold to raise funds rather than to be maintained as part of the organization's collections 1-1 Yes Part IV Escrow and Custodial Arrangements Complete if organization answered 'Yes' to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1 a Is the organization an agent, trustee, custodian, or other intermediary for contributions or other assets not included on Form 990, Part X' b If 'Yes,' explain the arrangement in Part XIV and complete the following table. c Beginning balance d Additions during the year e Distributions during the year If Ending balance 2a Did the organization include an amount on Form 990, Part X, line 217 b If 'Yes,' ex p lain the arrangement in Part XIV.
(il G rrant vanr (hl Prinr year (el Two vaars hark

[] Yes Amount

No

1 1 1 1

c d e f Yes No

Part V Endowment Funds Complete if organization answered 'Yes' to Form 990, Part IV, line 10.
(dl Three years hark (e) Four vaars hack

1 a Beginning of year balance b Contributions

55 286 390. 56 570 167.

94 469 464. 41 649 571. 190. 213.

c Net Investment earnings, gains, -9 422 3 , 917 , 740. and losses 70 858 59 778 237. d Grants or scholarships e Other expenditures for facilities and programs 552 620 820. If Administrative expenses 55 , 28 6 55 375 240. g End of year balance 2 Provide the estimated percentage of the year e nd balance held as. 100.00 % a Board designated or quasi-endowment ^ b Permanent endowment ^ 0.00 %

242. , 390. 1

c Term endowment ^

0.00%
Yes No

3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by: (i) unrelated organizations (ii) related organizations b If 'Yes' to 3a(ii), are the related organizations listed as required on Schedule R? 4 Describe in Part XIV the intended uses of the organization's endowment funds. P2rf Vi Invactmontc - I nnel Ririlriinnc and Fnuinment_ SPe Farm (9n_ Part X. line 10. Description of investment 1a b c d Land Buildings Leasehold improvements Equipment (a) Cost or other basis (investment) (b) Cost or other basis (other) (c) Accumulated De p reciation

3a (i) X 3a ii) ==PC 3b

(d) Book Value

e Other
Total . Add lines 1 a through 1 e (Column (d) must equal Form 990, Part X, column (8), line 10(c) ) BAA

Schedule D (Form 990) 2009

TEEA3302

02/02/10

Schedule D (Form 990 2009 Donors Ca p ital Fund , Inc Part VII Investments - Other Securities See Form 990, Part X, Ilne 12.
(a) Description of security or category (includin g name of security) Financial derivatives Closely-held equity interests Other -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total (Column (b) must equal Form 990 Part X, col (B) line 12) (b) Book value

54-1934032
(c) Method of valuation Cost or end-of- year market value

Page 3

Part VIII Investments-Pro g ram Related ( See Form 990, Part X, line 13) (b) Book value (a) Description of investment type
I I

(c) Method of valuation Cost or end-of-year market value

Total . (Column (b) must eq ual Form 990, Part X, Col (B) line 13

Part IX

Other Assets (See Form 990. Part X. line 15)

(a) Description (b) Book value

Investment in Caxton Select LLC

Investment in DCF LLC

4 , 539 , 306.
778 688.

Total . (Column (b) must equal Form 990, Part X, col. (B), line 15)

5,317,994. (b) Amount

Part X

I Other Liabilities (See Form 990, Part X, line 25)

(a) Descri ption of Liabili ty Federal Income Taxes

Amount due Donors Trust ,

Inc.

73 , 165.

Total. (Column (b) must equal Form 990, Part X, col (B) line 25) 73,165.1 ^ 1 2. FIN 48 Footnote . In Part XIV, provide the text of the footnote to the organization ' s financial statements that reports the organization 's liability for uncertain tax positions under FIN 48 BAA TEEA3303 o2/o2no Schedule D (Form 990) 2009

Schedule D (Form 990) 2009 Donors Ca p ital Fund , Inc 54-1934032 PartXI Reconciliation of Chan g e in Net Assets from Form 990 to Financial Statements
Total revenue (Form 990, Part Vlll,column (A), line 12) Total expenses (Form 990, Part IX, column (A), line 25) 3 Excess or (deficit) for the year. Subtract line 2 from line 1 4 Net unrealized gains (losses) on investments 5 Donated services and use of facilities 6 Investment expenses 7 Prior period adjustments 8 Other (Describe in Part XIV) 9 Total adjustments (net). Add lines 4 through 8 10 Excess or (deficit) for the year per audited financial statements Combine lines 3 and 9 Part XII Reconciliation of Revenue p er Audited Financial Statements With Revenue p er Return 1 1 Total revenue, gains, and other support per audited financial statements 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12: 2a a Net unrealized gains on investments 3 , 195 , 643. 2b b Donated services and use of facilities 2c c Recoveries of prior year grants 2d d Other (Describe in Part XIV) 1 2 3 4 e Add lines 2a through 2d Subtract line 2e from line 1 Amounts included on Form 990, Part VIII, line 12, but not on line 1. a Investments expenses not included on Form 990, Part VIII, line 7b b Other (Describe in Part XIV) c Add lines 4a and 4b 2e 3 4a 4b 4c 57

Page 4

298 374. 60 , 457 , 404. -3 , 159 , 030. 3 , 195 , 643.

-2 , 004. 3 , 193 , 639. 34 , 609. 60 , 489 , 017.

3 , 195 , 643. 57 , 293 , 374.

5 57 , 293 , 374. 5 Total revenue Add lines 3 and 4c. (This must equal Form 990, Part I, line 12) Part XIII Reconciliation of Ex p enses p er Audited Financial Statements With Ex penses per Return
1 2 Total expenses and losses per audited financial statements Amounts included on line 1 but not on Form 990, Part IX, line 25. a Donated services and use of facilities b Prior year adjustments c Other losses d Other (Describe in Part XIV) e Add lines 2a through 2d 3 Subtract line 2e from line 1 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investments expenses not included on Form 990, Part VIII, line 7b b Other (Describe in Part XIV) c Add lines 4a and 4b 1 2a 2b 2c 2d 2e 3 4a 4161 4c 60 , 454 , 408. 60 , 454,408.

5 Total expenses Add lines 3 and 4c (This must equal Form 990, Part I, line 18) Part XIV Suoolemental Information

60 , 454 , 408.

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines la and 4; Part IV, lines lb and 2b, Part V, line 4; Part X, line 2, Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information

BAA

TEEA3304

otiotiio

Schedule D (Form 990) 2009

Schedule D (Form 990 2009 Donors Ca p ital Fund , Ixart1XlV Supplemental Information (continued)

Inc

54-1934032

Page 5

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

BAA

TEEA3305

07/10/09

Schedule D (Form 990) 2009

OMB No 1545-0047

SCHEDULE 1
(Form 990)

Grants and Other Assistance to Organizations, Governments and Individuals in the United States
Complete if the organization answered ' Yes,' to Form 990 , Part IV, lines 21 or 22.

2009
Employer identification number 1

Department of the Treasury

Internal Revenue Service

1, Attatch to Form 990 . 54-1934032

u X Yes

Name of the organization

nformation on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? Describe in Part IV the org anization's p rocedures for monitoring the use of grant funds in the United States No

Part"111 Grants and Other Assistance to Governments and Organizations in the United States . Complete if the organization answered 'Yes' to Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use , L-i Part IV and Schedule I-1 Form 990) if addi tional space is needed
1 (a) Name and address of organization or government (b) EIN (c) IRC section if applicable (d) Amount of cash grant (e) Amount of non-cash assistance (0 Method of valuation (book, FMV, appraisal , other) (g) Description of non-cash assistance (h) Purpose of grant or assistance

See schedule,. attached ---------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

----------------------------------------2 Enter total number of section 501(c)(3) and government organizations 3 Enter total number of other organizations BAA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions for Form 990 . 202 TEEA3901 02/10/10 0 Schedule I (Form 990) 2009

Schedule I Form 990) 2009

Part III

IV, line Grants and Other Assistance to Individuals in the United States. Comb ete if the organization answered 'Yes' to Form 990, Part Schedule I-1 (Form 990) if additional space is needed. Use Part IV and
(a) Type of grant or assistance (b) Number of recipients (c) Amount of cash grant (d) Amount of non-cash assistance (e) Method of valuation (book, FMV, appraisal, other) (f) Description of non-cash assistance

Donors Ca p ital Fund ,

Inc

54-193403

Part IM Supplemental Information . Complete this part to provide the information required in Part I, line 2, and any other additiona l information.
Pt _I Line 2 _ _ _ _ _ _The_ Organization_ rec[uires_ each grant recipient to sign a_ letter stating --------------------All Fit _I Line 2_____-grants will not be used to_benefit_anv disqualified person.- --- grants ---------------------PtI Line- 2 _____are_made _to U_S._public charities._The_oryanization relies upon the ________________________ ________________

Pt _I Line 2 _ _ _ _ _ _the_ oversiqht provided by-United States - and -individual states, rules and _ _ _ -------------------------------

Pt I Line 2 -----regulations applicable to_such_charities____________________________ --------------------------

BAA
TEEA3902 02/10/10

Schedule I (Form 990) 2009

SCHEDULEJ (Form 990)

Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees Complete if the organization answered 'Yes' to Form 990, Part IV, line 23. Attach to Form 990 . "' See separate instructions.

OMB No 1545.0047

2009
Open to Public Inspection

Department of the Treasury Internal Revenue Service Name of the organization

Employer identification number

Donors Cap ital Fund , Inc Part I Questions Reqardinq Compensation

54-1934032 Yes I No

1 a Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 990, Part VII, Section A, line la. Complete Part III to provide any relevant information regarding these items. First-class or charter travel Travel for companions Tax indemnification and gross-up payments Discretionary spending account Housing allowance or residence for personal use Payments for business use of personal residence Health or social club dues or initiation fees Personal services (e.g., maid, chauffeur, chef)

b If an y of the boxes on line Ia are checked , did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If ' No,' complete Part III to explain 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers, directors, trustees, and the CEO/ Executive Director, regarding the items checked in line la? Indicate which, if any, of the following the organization uses to establish the compensation of the organization's CEO/Executive Director. Check all that apply. Compensation committee Independent compensation consultant Form 990 of other organizations Written employment contract Compensation survey or study Approval by the board or compensation committee

1 2

During the year, did any person listed in Form 990, Part VII, Section A, line la with respect to the filing organization or a related organization. a Receive a severance payment or change-of-control payment? b Participate in, or receive payment from, a supplemental nonqualified retirement plan? c Participate in, or receive payment from, an equity-based compensation arrangements If 'Yes' to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III. Only section 501(cx3) and 501 (cx4) organizations must complete lines 5-9.

4a 4b 4c

X X X

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of: a The organization? b Any related organization? If 'Yes' to line 5a or 5b, describe in Part III For persons listed in Form 990, Part VII, Section A, line la, did the organization pay or accrue any compensation contingent on the net earnings of. a The organization? b Any related organization? If 'Yes' to line 6a or 6b, describe in Part III For person listed in Form 990, Part VII, Section A, line 1 a, did the organization provide any non-fixed payments not described in lines 5 and 6? If 'Yes,' describe in Part III Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regs. section 53.4958.4(a)(3)' If 'Yes,' describe in Part III If 'Yes' to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53 4958-6(c)'

Sa l 5b

I X X

6a 6b

X X

7 8

7 8 9

X X

BAA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions for Form 990 .

Schedule J (Form 990) 2009

TEEA4101

02102/10

54-1934032 Donors Cap ital Fund, Inc Schedule J Form 990) 2009 Schedule J-1 if additional space is need ed. Part II Officers , Directors, Trustees , Key Employees , and Highest Compensated Employees . Use

Page 2

instructions on For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations described in the row (ii). Do not list any individuals that are not listed on Form 990, Part VII. Note . The sum of columns (B)(1)-(i11) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a. (B) Breakdown of W-2 and/or 1099 -MISC compensation (A) Name
() Base compensation ( ii) Bonus and incentive compensation (iii) Other reportable compensation

(C) Retirement and other deferred compensation

---------0'

(D) Nontaxable benefits

(E) Total of columns (B)(i)-(D)

(F) Compensation re p orted in p rior

Form 990 or Form 990-EZ

(t)

-------- 0- --------- 0- ---------0'

---------0'

-0.

-------- 0_

Whitne

L Ball

(H) 1

163 314.

0.

0.

0. ----------

0. -------------------

4.

0.

(t)

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

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

^-------------------------------- ----------(t) ---------- ----------- ----------------------------

(t) ---------- ----------- ---------- - ---------- - ---------- - -----0) ii (t) ii (t) ii (t) ii (I) ii (i) 00 (t) ii (i) -------- -------------------------------------------------------------- ----------- ------------------- ----------- ------------------- ----------- ------------------- ----------- ------------------- ----------- ------------------- ----------- ---------------------------------------------------------------------------------------------------------------------------------------- ------ ------------

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

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

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

ii (t) ()
ii (t) it
BAA

---------- ----------- ------------------- ----------- ----- - - - - ---------- ----------- ---------TEEA4102

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

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

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

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

02/02/10

Schedule J (form 99U) ZUU9

Donors Ca p ital Schedule J Form 990 2009 P.aMr 1iii Sunnlemental Information

Fund ,

Inc

54-1934032

Page 3

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1 a, 1 b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.

BAA
TEEA4103 06/23109

Schedule J (Form 990) 2009

SCHEDULE M (Form 990)

Department of the Treasury Internal Revenue Service
Name of the organization

OMB No 1545.0047

Noncash Contributions
^ Complete if the organizations answered 'Yes' on Form 990, Part IV, lines 29 or 30. ^ Attach to Form 990.
Employer identification number

1
54-1934032

2009

Donors Ca p ital Fund, Inc 10'31111E Tvaes of Property

(a) Check if applicable (b) Number of Contributions

(c) Revenues reported on Form 990, Part VIII, line 1g

(d) Method of determining revenues

1 2 3 4 5 6 7 8
9

Art-Works of art Art-Historical treasures Art-Fractional interests Books and publications Clothing and household goods Cars and other vehicles Boats and planes Intellectual property
Securities-Publicly traded X 4

5 2 0 , 167. Avg value on date received

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

Securities-Closely held stock Securities-Partnership, LLC, or trust interests Securities-Miscellaneous Qualified conservation contributionHistoric structures Qualified conservation contribution-Other Real estate-Residential Real estate-Commercial Real estate-Other Collectibles Food inventory Drugs and medical supplies Taxidermy Historical artifacts Scientific specimens Archeological artifacts Other ^ ) Other ^ ( ---------------) Other ^ ( ---------------Other ^ Number of Forms 8283 received by the organization during the tax year for contributions for which the organization completed Form 8283, Part IV, Donee Acknowledgement 29 Yes No

30a During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? b If 'Yes,' describe the arrangement in Part II. 31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

30a 31

ME X _ X

32a Does the organization hire or use third parties or related organizations to solicit, process, or sell 32a X noncash contributions? describe in Part 11. b If 'Yes,' 33 If the organization did not report revenues in column (c) for a type of property for which column (a) is checked, describe in Part II. mini ms Schedule M (Form 990) 2009 BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

TEEA4601

02/08/10

Page 2 54-1934032 Schedule M Form 990 2009 Donors Ca p ital Fund , Inc Part II Supplemental Information . Complete this part to provide the information required by Part I, lines 30b, 32b, and 33. Also complete this part for any additional information.

BAA

TEen46o2

07/21/09

Schedule M (Form 990) 2009

OMB No 1545-0047

SCHEDULE N
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service Name of the organization

Liquidation , Termination , Dissolution, or Significant Dis p osition of Assets

Complete if the organization answer 'Yes' to Form 990, Part IV , lines 31 or 32; or Form 990-EZ, line 36.
Attach certified copies of any articles of dissolution , resolutions, or plans. ^ Attach to Form 990 or 990-EZ.

20

09

Open to Public
Inspection Employer identification number

Donors Ca p ital Fund ,

Inc

154-1934032

Part I
1

Liquidation, Termination , or Dissolution . Complete if the organization answered 'Yes' to Form 990, Part IV, line 31, or Form 990-EZ, line 36. Use Schedule N-1 if additional s ace is needed.
(a) Description of asset(s) distributed or transaction expenses paid (b) Date of distribution (c) Fair market value of asset(s) distributed or amount of transaction expenses (d) Method of determining FMV for asset(s) distributed or transaction expenses ( e) EIN of recipient (f) Name and address of recipient (g) IRC Code section of recipient(s) (if tax-exempt) or type of entity

Yes 2 Did or will any officer, director, trustee, or key employee of the organization' a Become a director or trustee of a successor or transferee organization? b Become an employee of, or independent contractor for, a successor or transferee organization? c Become a direct or indirect owner of a successor or transferee organization? d Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? e If the organization answered 'Yes' to any of the questions in this line, provide the name of the person involved and explain in Part III. TEEA4701 06/25/09 2a 2b 2c 2d

No

BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.

Schedule N (Form 990 or 990-EZ) 2009

Schedule N (Form 990 or

2009

Donors

Fund,

Inc

54-1934032
No

art I I Liquidation , Termination, or Dissolution (continued)

Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B) should equal -0-. 3 Did the organization distribute its assets in accordance with its governing instrument(s)? If 'No,' describe in Part III 4a Did the organization request or receive a determination letter from the IRS that the organization's exempt status was terminated? Attach a copy of the letter and, if applicable, the organization's request for the letter ^ b If 'Yes', provide the date of the letter. 5a Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? b If 'Yes', did the organization provide such notice? Did the organization discharge or pay all liabilities in accordance with state laws? 7a Did the organization have any tax-exempt bonds outstanding during the year? b Did the organization discharge or defease tax-exempt bond liabilities in accordance with the Internal Revenue Code and state laws? c If 'Yes,' describe in Part III how the organization defeased or otherwise settled these liabilities. If 'No,' explain in Part III. 7b

Part II Sale , Exchange, Disposition , or Other Transfer of More than 25% of the Organization's Assets . Complete this part if the organization answered 'Yes' to Form 990 Part IV line 32 or Form 990-EZ, line 36. Use Schedule N-1 if additional space is needed.
1 (a) Description of asset(s) distributed or transaction expenses paid (b) Date of distribution (c) Fair market value of asset(s) distributed or amount of transaction expenses (d) Method of determining FMV for asset(s) distributed or transaction expenses (e) [IN of recipient (f) Name and address of recipient (g) IRC Code section of recipient(s) (if tax-exempt) or ty pe of entity

See Sch N Part

III

Yes Did or will an y officer , director , trustee , or key employee of the organization a Become a director or trustee of a successor or transferee organization? b Become an employee of , or independent contractor for , a successor or transferee organization? c Become a direct or indirect owner of a successor or transferee organization? d Receive. or become entitled to. compensation or other similar oavments as a result of the organization's significant disposition of assets? e If the organization answered 'Yes' to any of the questions in this line, provide the name of the person involved and explain in Part III. TEEA4702 01/30/10 BAA 2 2a 2b 2c 2d

No X X X X

Schedule N (Form 990 or 990-EZ) 2009

Schedule N Form 990 or 990-EZ) 2009 54-1934032 Donors Ca p ital Fund , Inc Part III Supplemental Information . Complete to provide the information required by Part I, lines

Page 3

2e, 7c: Part II. line 2e: and any additional information.
Part III Line I - - THE - ORGANIZATION - HAD A GREATER THAN 25% TRANSFER OF

Part III Line IRESULT-OF-NORMAL OPERATIONS-OF ITS --------------------------------------------------- --- ---- - --ITS-ASSETS AS-A Part III Line I PRIMARY PROGRAM --A DONOR-ADVISED FUND PROGRAM (SEE ---- --- ---- - - - - ---------------------------------------------------Part III Line I PART II1 _LINE 4). IN TOTALL THE ORGANIZATION DISTRIBUTED GRANTS-TO-PUBLIC CHARITIES. - _

Part III Line I CASH-EQUAL TO-$59L781L233_AS ------ --- ---- - - - - ----

--------

Part III Line I A LIST OF-THE-CASH-DISTRIBUTIONS IS-INCLUDED-AT-SCHEDULE ---- --- ---- - - - - -----------------------------------------------Part III Line I I. NO OTHER SALE1 -EXCHANGE, DISPOSITION-OR OTHER- _

Part III Line I TRANSFER-OF MORE-THAN-25%-OF THE ORGANIZATION'S ---- --- ---- - - - - ------------------------------------------------Part III Line I ASSETS WAS MADE. ---- --- ---- -- --------------------------------------------------------

BAA

TEEA4703

06/25/09

Schedule N (Form 990 or 990-EZ) 2009

SCHEDULE 0 (Form 990)

Supplemental Information to Form 990

Complete to provide information for responses to specific questions on Form 990 or to provide any additional information. ^ Attach to Form 990.

0MB No 1545.0047

2009
Open to Public Inspection
Employer identification number Funrl_ Inc 54-1934032

Department of the Treasury Internal Revenue Service

Name of the organization Donors Capital

Pt _VI`B,

Line 11A The return is _reviewed_by the orQanization Is audit committee ---------------------------The organization- pa^s_no compensation -------------------------or

Line Pt VI-B _ _Line 15 -- ---ne

Pt -VI-B, -

Line Line Line Line

12C The organization requires all officers , directors , and key employees to comply with our Conflict of Interest ----------------------------------

Pt

VI`B,

12c eolicy. These individuals are prohibited from havinc_business dealings with companies affiliated

Pt VI_B,
-Pt VI--B,

12c with, or act as major customers or suppliers of, the organization_ Transactions with officials of ------------------12c the organization are adequately controlled and disclosed in the records, and such transactions occur

Pt VI_B, Line 12c only in the normal course of business and are aporoved by the Board of Directors. -------------------------------------- - ---- -----

Pt -VI-C,- Line 19 _Not publicly available_ ------------------------------------

BAA For Privacy Act and paperwork Reduction Act Notice , see the instructions for Form 990 .

TEEA4901

07/17/09

Schedule 0 (Form 990) 2009

OMB No 1545-0047

SCHEDULER
(Form 990)
Department of the Treasury

2009

Related Organizations and Unrelated Partnerships

^ Complete if the organization answered 'Yes' to Form 990, Part IV, lines 33, 34, 35, 36, or 37.
Attach to Form 990. ^ See separate instructions .

Open to 1,015 lic

Inspectn Employer Identification number

Internal Revenue Service

Name of the organization

Donors Cap ital Fund , Parlt I

Inc

54-1934032

Identification of Disregarded Entities (Complete if the organization answered 'Yes' to Form 990, Part IV, line 33.)
Name, address, and (A) IN of disregarded entity (B) Primary activity Hold raw (C) Legal domicile (state or foreign country) (D) Total income (E) End-of-year assets (F) Direct controlling entity

DCF LLC N/A --------------------------------PO Box 1305 , Alexandria 22313

Land

MD

14.

799 , 813. N/A

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

990, Part IV , line 34 because it naa of Related Pon Identification ,. L.a...J a.. Tax-Exempt Organizations (Complete if the organization answered 'Yes' to Form a Ai r - Oho + v
(A) Name, address, and EIN of related organization (B) Primary activity (C) Legal domicile (state or foreign country) (D) Exempt Code section (E) Public charity status (if section 501 (c)(3)) (F) Direct controlling entity

Donors_Tru s t, Inc_._ 5 2-2 1 66_3_27 _ _ _ _ _ _ _ _ _ Grant making Street , Alexandria VA 22314 or g anization 109 North Henr --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 .

MD

501 (c) (3)

N/A

TEEA5001

02/05/10

acneaule K t,rorm 77u) tcuuv)

Schedule R (Form 990) 2009 ear -

Page 2 54-1934032 Donors Capital Fund, Inc Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered 'Yes' to Form 990, Part IV, line 34

gffi! 1'

' because it had one or more rel ated or ganizations trea ted as a
(B) Primary Activity (C) Legal domicile (state or f oreign country) (D) Direct controlling entity

artnersnl

duringthe tax year.)

(F) Share of total income (G) Share of end-of-year assets (H) Disproportionate allocations? Yes No (I) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065) (J) General or managing partner? Yes No

(A) Name, address, and EIN of related organization

(E) Predominant income (related, unrelated, excluded from tax under sections 512-514)

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

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

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

Part IV

1}Taxable as a Corporation or Identification of Related Organizations

lin n 1A ---___(A)
Primary Activity

(Complete rif the'organization

(D) (E)

'Yes' to Form 990, Part IV, (G)

Share of end - of-year assets

(B)

Name , address, and EIN of related organization

Share of total income Direct Type of entity Legal domicile (state or foreign controlling entity (C corp, S corp , or trust) country)

(C)

the tax earwered (F)

(H)
Percentage ownership

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BAA TEEA5002 02/05/10 Schedule R (Form 990) (2009)

Schedule R (Form 990) 2009

Donors Capital Fund,

Inc

54-1934032

Page 3

PartV I Transactions With Related Organizations (Complete if the organization answered 'Yes' to Form 990, Part IV, line 34, 35, or 36.)
Note Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule During the tax year did the organization engage in any of the following transactions with one or more related organizations listed in Parts II-IV Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity Gift, grant, or capital contribution to other organization(s) Gift, grant, or capital contribution from other organization(s) Loans or loan guarantees to or for other organization(s) Loans or loan guarantees by other organization(s) Yes 1a 1 b 1c 1d 1e if 1 1h 1i 1' 1k 11 1m 1n 10 1 1 1 1r X X X X X X X No X X X X X X X X X X X

a b c d e

f Sale of assets to other organization(s) g Purchase of assets from other organization(s) h Exchange of assets i Lease of facilities, equipment, or other assets to other organization(s) j Lease of facilities, equipment, or other assets from other organization(s) k Performance of services or membership or fundraising solicitations for other organization(s) I Performance of services or membership or fundraising solicitations by other organization(s) m Sharing of facilities, equipment, mailing lists, or other assets n Sharing of paid employees o Reimbursement paid to other organization for expenses p Reimbursement paid by other organization for expenses q Other transfer of cash or property to other organization(s) r Other transfer of cash or property from other organization(s) 2 If the answer to any of the above is 'Yes.' see the instructions for information on who must complete this line. including covered relafionshins and transaction thresholds (A) Name of other organization (B) Transaction type (a-r)

(C) Amount involved

(1 ) Donors Trust Inc (2) Donors Trust Inc (3) Donors Trust Inc.
(4) (5) (6) BAA

b 1 M

1 , 800 , 000. 620 820. 0.

TEEA5003

02/05/10

Schedule R (Form 990) (2009)

Schedule R (Form 990) 2009 Part VI

Donors Capital Fund,

Inc

54-1934032

Page 4

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered 'Yes' to Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total asset or gross revenue) that was not a related organization. See Instructions regarding exclusion for certain investment partnerships. (A) Name, address, and EIN of entity (B) Primary activity (C) Legal domicile (state or foreign country) (D) Are all partners section 501(c)(3) organizations? Yes ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BAA TEEA5004 02/05/10 Schedule R (Form 990) (2009) No (E) Share of end-of-year assets (F) (G) Dispropor- Code V-UBI amount tionate in box 20 of Schedule K-1 allocations? Form (1065) Yes No (H) General or managing partner' Yes No

Donors Capital Fund, Inc

54-1934032

Supporting Statement of: Form 990 p 9/Gross Basis Amount

Description
Book cost of marketable securities sold Total I

Amount
4,118,724. 4,118,724.

Supporting Statement of: Form 990 p 9/Line 3 Column C

Description
UBTI Total from Caxton Select LLC

Amount
-60,332. -60,332.

Supporting Statement of: Form 990 p 9/Noncash

Description
Contributed marketable securities Total

Amount
520,167. 520, 167.

Supporting Statement of: Form 990 p 9/Sales of Securities

Description
Proceeds from sale marketable securities Total

Amount
3,820,207. 3, 820, 207.

Supporting Statement of: Form 990 p 10/Line 1 col (B)

Description
Cash grants Total

Amount
59, 781, 233. 59, 781 , 233.

Donors Capital Fund, Inc

54-1934032

Form 990 p 10/Line lic col

(C)

Description
Audit fees Tax return preparation fees Total

Amount
14,198. 3,243. 17,441.

Supporting Statement of: Form 990 p 10/Line 24 col (C)-1

Description
Tax benefit (recovery ply tax accrual) Corporate filing fees Total

Amount
-6,362. 40. -6,322.

Supporting Statement of: Form 990 p 11/Line 11, column (A)

Description
Publicly traded marketable securities FMV Total

Amount
14,516,679. 14, 516, 679.

Supporting Statement of: Form 990 p 11/Line 17, column (A)

Description
Unrelated business income tax payable Total

Amount
112,000. 112, 000.

Supporting Statement of: Sch D, page 4/Part XI, Line 7

Description
Auditor's adjustment to previous year grants

Amount
2,996.

Donors Capital Fund, Inc

54-1934032 Continued

Supporting Statement of: Sch D, page 4/Part XI, Line 7

Description

Amount
-5,000. -2,004.

Auditor's adjustment to prior year contributions ) Total

Donors Capital Fund, Inc

54-1934032

Schedule 0 (Form 990), Supplemental Information to Form 990 Form 990 , Page 2 , Part III, Line 1 (continued) Briefly describe the organization's mission:
health, environment , economics, governance, foreign relations , and arts and culture ; and which encourage philanthropy and individual giving and responsibility as an answer to society's needs, as opposed to governmental involvement.

Form 990, Page 6, Line 17 States Form 990 Filed In Connecticut Florida
Illinois New York Tennessee Virginia Washington New York

 Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

( ii) EIN 23-7135837 38-2926822 77-0099744 36-3529801 63-0809568 26-4380206 54-1660459 52-1294680 52-1870003 13-2911127 41-2093676 53-0218495 06-1634525 52-0140979 26-1501154 52-2020468 52-1527294 36-3906065 06-1008595 52-1928321 71-0771091 94-2763845 22-2570926 13-6192275 04-2133255 48-0891418 11-3691843 04-2103545 31-1278593 26-2176691 95-6006173 52-1289734 93-1045925 59-1215378 23-7432162 20-3676886 52-1847187 26-0877115 52-0945376 52-1600481 (iii) Type 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 2 7 (i v) Li sted No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52 -1934032

(i) Name Accuracy in Media Acton Institute Advocates for Self-Government Agudath Israel of Illinois Alabama Policy Institute Alaska Policy Forum Alliance Defense Fund American Conservative Union Foundation American Council of Trustees and Alumni American Council on Science & Health American Dream Coalition American Enterprise Institute American Islamic Congress American Legislative Exchange Council American Majority Americans for Limited Government Research Americans for Prosperity Foundation Americans United For Life Americares Foundation, Inc America's Future Foundation Arkansas Policy Foundation Atlas Economic Research Foundation Ayn Rand Institute Bar-Ilan University Beacon Hill Institute for Public Policy R Bill of Rights Institute Bluegrass Institute for Public Policy Sol Boston College Buckeye Institute for Public Policy Solut Caesar Rodney Institute Campus Crusade for Christ Capital Research Center Cascade Policy Institute Catholic Diocese of Orlando Cato Institute Center for Competitive Politics Center for Education Reform Center for Government Reform Center for Independent Thought Center for Individual Rights

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes $

(vii) Amount 2,000 501,646 50,000 25,000 170,000 50,000 2,500 3,000 400,000 7,500 75,000 2,706,750 25,000 8,000 1,710,000 2,250,000 1,088,000 31,000 2,000 70,000 10,000 (6,000) 25,000 250,000 28,500 3,500 230,000 25,000 502,000 177,500 3,000 5,500 423,000 25,000 82,500 790,000 1,000 120,750 100,000 317,000 29,400 590,000 100,000 2,000 82,500 10,000 350,000 20,000 2,000 41,814 75,000 10,000 35,000 340,000

Center for the Study of Carbon Dioxide & Global C 86-0902777 25-1725738 CERGE-El Foundation Children's Scholarship Fund Christian Foundation for Children and Aging 13-4002189 43-1243999

94-3178977 Citizen Outreach Foundation Citizens for Responsible Government Foundation, 68-0626635 Citizens in Charge Foundation Civil War Preservation Trust Clare Boothe Luce Policy Institute Claremont Institute Clarion Fund Commentary, Inc 13-4070270 54-1426643 54-1672138 95-3443202 20-5845679 13-3610041

52-1462893 Committee for a Constructive Tomorrow Commonwealth Foundation for Public Policy Altern 23-2473845

Sch A Part I - Line 1.h Page 1 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 52-1351785 15-0532082 61-0470593 23-7375815 95-4194642 52-2166327 56-0532129 58-0566256 22-3092292 94-3136961 52-1792772 36-3235550 04-3467254 23-7047821 20-2927044 52-1257688 13-6006960 26-4505542 33-0836794 22-3551013 51-0183347 26-4066298 74-3160646 52-1455677 36-4592698 52-1526916 (iii) Type 7 7 7 7 7 7 2 7 7 7 7 2 7 7 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 38-1374230 94-1156365 20-2669700 41-2057028 84-0990300 35-1758480 94-1623852 52-1744337 35-2185292 52-1265221 23-6050131 59-2811908 7 7 7 7 7 7 7 2 7 7 7 2 (iv) Listed No No No No No No No No No No Yes No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52-1934032

(i) Name Competitive Enterprise Institute Cornell University Cumberland College Dallas Arboretum and Botanicle Society, Inc David Horowitz Freedom Center Donors Trust Drexel University Duke University Emory University Ethan Allen Institute Evergreen Freedom Foundation Family Research Council Federalist Society FIRE Flint Hills Center for Public Policy Florida Family Resource Center, Inc Foundation Endowment Foundation for Economic Education Foundation for Ethics in Public Service Foundation for Free Expression Foundation for Jewish Camping, Inc Foundation for Teaching Economics Franklin Center Free State Foundation Free To Choose Network, Inc Freedom Foundation of MN Freedom Works Foundation

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii ) Amount 235,527 35,000 10,000 50,000 5,000 1,800,000 14,250 25,000 25,000 63,500 367,072 146,000 1,260,321 1,073,000 213,000 5,000 2,000 100,000 80,000 75,000 10,000,000 5,000 2,245,500 65,000 393,607 245,000 6,000 80,000 20,000 59,871 240,000 25,000 205,000 10,000 350,000 665,462 247,500 2,000 25,000 2,171,530 9,000 1,052,000 10,000 1,000 75,000 387,500 485,000 10,000 2,500 137,500 20,500 250,000 1,000 158,000

Friends of Israel Center for Social & Economic Pro. 13-3129249 75-2033106 Friends of the Dallas Public Library, Inc 13-6223604 Fund for American Studies Galen Institute Georgetown University Georgia Public Policy Foundation Global Fund for Children GMU Foundation Goldwater Institute Grassroot Institute of Hawaii Greenwich Land Trust Harvard University Heartland Institute Heritage Foundation Highland Park Presbyterian Church Hillsdale College Hoover Institution-Stanford University Human Rights Foundation Illinois Policy Institute Independence Institute Indiana Policy Review Foundation Institute for Humane Studies Institute for Justice Institute for Truth in Accounting Institute on Religion & Democracy Intercollegiate Studies Institute James Madison Institute for Public Policy 54-1770524 53-0196603 58-1943161 56-1834887 54-1603842 86-0597661 99-0354937 06-0950851 53-0199180 36-3309812 23-7327730

Sch A Part I - Line 1.h Page 2 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

( ii) EIN 20-0105601 26-2639114 56-1656943 22-3235650 23-7047821 51-0235174 54-6076244 75-1403169 59-2933541 25-1704705 20-8036372 38-2701547 22-3888250 13-2912529 52-2199055 54-1429009 54-1436224 23-7749796 75-2828138 64-0797905 20-2591461 84-0736725 20-3237801 54-0564701 59-3278168 (iii) Type 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 26-0731822 73-1436375 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 ( iv) Listed No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52 -1934032

(i) Name Jerusalem Institute for Market Studies John K Maclver Institute for Public Policy John Locke Foundation Josiah Bartlett Center for Public Policy Kansas Policy Institute Leadership Institute Lee-Fendall House Museum Liberty Legal Institute Life for Kids Lincoln Institute of Public Opinion Research Lucy Bums Institute Maclver Institute Mackinac Center for Public Policy Maine Heritage Policy Center Manhattan Institute For Policy Research Maryland Public Policy Institute Media Research Center Mercatus Center, GMU Middle East Forum Midland Young Life Building Foundation Mississippi Center for Public Policy Montana Policy Institute Mountain States Legal Foundation Moving Picture Institute Mt Vernon Ladies Association Music Mission Kiev

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii) Amount 20,000 250,000 390,600 221,764 39,500 17,500 10,000 125,000 1,500 15,000 342,500 67,000 910,000 671,200 183,475 165,000 12,500 3,500 1,200,000 5,000 167,000 226,933 2,000 105,000 5,000 15,000 277,000 175,000 2,000 30,000 300,000 17,500 388,727 7,500 142,500 400,000 189,283 132,282 100,000 10,000 7,000 550,000 984,470 10,000 305,000 410,794 85,000 180,910 2,000 125,000 92,000 28,000 76,930

75-1804932 National Center for Policy Analysis National Coalition for the Protection of Children ant 31-1124644 National Legal & Policy Center National Right to Work Foundation National Tax Limitation Foundation National Taxpayers Union Foundation Nevada Policy Research Institute NFIB Legal Foundation North Dakota Policy Council Northwestern University School of Law Ocean State Policy Research Institute Oklahoma Council of Public Affairs 52-1750188 59-1588825 51-0208455 52-1122883 88-0276314 62-1570449 20-8862761

35-2176192 One Nation Under God Foundation (t 58-1375506 Outreach Foundation of the Presbyterian Church Pacific Legal Foundation Pacific Research Institute for Public Policy Palmer R Chitester Fund Partners Relief and Development Pelican Institute for Public Policy Philanthropy Roundtable Pioneer Institute for Public Policy Research Platte Institute for Economic Research Polwarth Ministries Prometheus Institute Public Interest Institute Public Policy Foundation of West Virginia Public Service Research Foundation Reason Foundation 94-2197343 94-2528433 52-1455677 22-3786806 26-1704791 13-2943020 22-2632081 20-8809060 51-0558527 20-3558542 42-1347192 20-5955827 58-1442675 95-3298239

Sch A Part I - Line 1.h Page 3 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 62-0476301 85-0468446 52-1930894 22-2406433 20-5792227 20-3128872 74-2209420 36-2167921 20-1957878 75-2147444 57-0835744 03-0183005 53-0196617 57-0952531 82-0472269 65-0348492 05-0611977 94-3435899 87-0531727 52-1941122 75-2899609 20-1808567 74-2524057 26-3057133 51-0280185 35-2244262 36-2177139 35-0868188 74-6000203 54-1682176 52-1524976 23-1352688 54-1870848 52-1071570 91-1752769 26-2828115 52-1358144 23-7042029 84-0385934 (iii) Type 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 2 2 (iv ) Listed No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No TOTAL SUPPORT (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52-1934032

(i) Name Rhodes College Rio Grande Foundation Russian-American Christian University Salvation Army - Orlando Area Command Sam Adams Alliance SCRG Foundation Security Research Associates, Inc Shimer College Show Me Institute Sky Ranch Foundation South Carolina Policy Council St Johnsbury Athenaeum St Matthew Catholic School State Policy Network Stewards of the Range, Inc Student Government Affairs Program StudentNewsDaily com Students for Liberty Sutherland Institute Taxpayers for Common Sense Teen F L 0 W Youth Ministries Tennessee Center for Policy Research Texas Public Policy Foundation Texas Watchdog Thomas Jefferson Institute Tolson Group University of Chicago University of Notre Dame University of Texas - Austin University of Virginia Foundation US English Foundation Villanova University Virginia Institute for Public Policy Washington Legal Foundation Washington Policy Center World Journalism Institute Wyoming Liberty Group Yankee Institute Young America's Foundation Young Life

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii) Amount 25,000 122,500 100,000 10,000 3,214,500 100,000 110,000 50,000 235,000 10,000 660,000 5,000 10,000 2,570,047 2,000 7,500 20,000 27,500 100,000 12,500 4,500 345,000 920,000 275,000 94,450 10,000 50,000 25,000 25,000 25,000 10,000 25,000 200,000 2,000 180,000 56,000 240,000 313,817 164,000 550 $ 59,781,233

Sch A Part I - Line 1.h Page 4 of 4

Donors Capital , Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 23-7135837 38-2926822 77-0099744 36-3529801 63-0809568 26-4380206 54-1660459 52-1294680 52-1870003 13-2911127 41-2093676 53-0218495 06-1634525 52-0140979 26-1501154 52-2020468 52-1527294 36-3906065 06-1008595 52-1928321 71-0771091 94-2763845 22-2570926 13-6192275 04-2133255 48-0891418 11-3691843 04-2103545 31-1278593 26-2176691 95-6006173 52-1289734 93-1045925 59-1215378 23-7432162 20-3676886 52-1847187 26-0877115 52-0945376 52-1600481 25-1725738 13-4002189 43-1243999 94-3178977 13-4070270 54-1426643 54-1672138 95-3443202 20-5845679 13-3610041 52-1462893 (iii) Type 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 2 7 (iv) Listed No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52 -1934032

(i) Name Accuracy in Media Acton Institute Advocates for Self-Government Agudath Israel of Illinois Alabama Policy Institute Alaska Policy Forum Alliance Defense Fund American Conservative Union Foundation American Council of Trustees and Alumni American Council on Science & Health American Dream Coalition American Enterprise Institute American Islamic Congress American Legislative Exchange Council American Majority Americans for Limited Government Research Americans for Prosperity Foundation Americans United For Life Americares Foundation, Inc America's Future Foundation Arkansas Policy Foundation Atlas Economic Research Foundation Ayn Rand Institute Bar-Ilan University Beacon Hill Institute for Public Policy R Bill of Rights Institute Bluegrass Institute for Public Policy Sol Boston College Buckeye Institute for Public Policy Solut Caesar Rodney Institute Campus Crusade for Christ Capital Research Center Cascade Policy Institute Catholic Diocese of Orlando Cato Institute Center for Competitive Politics Center for Education Reform Center for Government Reform Center for Independent Thought Center for Individual Rights CERGE-El Foundation Children's Scholarship Fund Christian Foundation for Children and Aging Citizen Outreach Foundation Citizens in Charge Foundation Civil War Preservation Trust Clare Boothe Luce Policy Institute Claremont Institute Clarion Fund Commentary, Inc Committee for a Constructive Tomorrow

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes $

(vii) Amount 2,000 501,646 50,000 25,000 170,000 50,000 2,500 3,000 400,000 7,500 75,000 2,706,750 25,000 8,000 1,710,000 2,250,000 1,088,000 31,000 2,000 70,000 10,000 (6,000) 25,000 250,000 28,500 3,500 230,000 25,000 502,000 177,500 3,000 5,500 423,000 25,000 82,500 790,000 1,000 120,750 100,000 317,000 29,400 590,000 100,000 2,000 82,500 10,000 350,000 20,000 2,000 41,814 75,000 10,000 35,000 340,000

Center for the Study of Carbon Dioxide & Globa l C 86-0902777

Citizens for Responsible Government Foundation, 68-0626635

Commonwealth Foundation for Public Policy Altern 23-2473845

Sch A Part I - Line 1.h Page 1 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 52-1351785 15-0532082 61-0470593 23-7375815 95-4194642 52-2166327 56-0532129 58-0566256 22-3092292 94-3136961 52-1792772 36-3235550 04-3467254 23-7047821 20-2927044 52-1257688 13-6006960 26-4505542 33-0836794 22-3551013 51-0183347 26-4066298 74-3160646 52-1455677 36-4592698 (iii) Type 7 7 7 7 7 7 2 7 7 7 7 2 7 7 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 38-1374230 94-1156365 20-2669700 41-2057028 84-0990300 35-1758480 94-1623852 52-1744337 35-2185292 52-1265221 23-6050131 59-2811908 7 7 7 7 7 7 7 2 7 7 7 2 (iv) Listed No No No No No No No No No No Yes No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52-1934032

(i) Name Competitive Enterprise Institute Cornell University Cumberland College Dallas Arboretum and Botanicle Society, Inc David Horowitz Freedom Center Donors Trust Drexel University Duke University Emory University Ethan Allen Institute Evergreen Freedom Foundation Family Research Council Federalist Society FIRE Flint Hills Center for Public Policy Florida Family Resource Center, Inc Foundation Endowment Foundation for Economic Education Foundation for Ethics in Public Service Foundation for Free Expression Foundation for Jewish Camping, Inc Foundation for Teaching Economics Franklin Center Free State Foundation Free To Choose Network, Inc Freedom Foundation of MN

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii) Amount 235,527 35,000 10,000 50,000 5,000 1,800,000 14,250 25,000 25,000 63,500 367,072 146,000 1,260,321 1,073,000 213,000 5,000 2,000 100,000 80,000 75,000 10,000,000 5,000 2,245,500 65,000 393,607 245,000 6,000 80,000 20,000 59,871 240,000 25,000 205,000 10,000 350,000 665,462 247,500 2,000 25,000 2,171,530 9,000 1,052,000 10,000 1,000 75,000 387,500 485,000 10,000 2,500 137,500 20,500 250,000 1,000 158,000

52-1526916 Freedom Works Foundation Friends of Israel Center for Social & Economic Pro. 13-3129249 Friends of the Dallas Public Library, Inc Fund for American Studies Galen Institute Georgetown University Georgia Public Policy Foundation Global Fund for Children GMU Foundation Goldwater Institute Grassroot Institute of Hawaii Greenwich Land Trust Harvard University Heartland Institute Heritage Foundation Highland Park Presbyterian Church Hillsdale College Hoover Institution-Stanford University Human Rights Foundation Illinois Policy Institute Independence Institute Indiana Policy Review Foundation Institute for Humane Studies Institute for Justice Institute for Truth in Accounting Institute on Religion & Democracy Intercollegiate Studies Institute James Madison Institute for Public Policy 75-2033106 13-6223604 54-1770524 53-0196603 58-1943161 56-1834887 54-1603842 86-0597661 99-0354937 06-0950851 53-0199180 36-3309812 23-7327730

Sch A Part I - Line 1.h Page 2 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 20-0105601 26-2639114 56-1656943 22-3235650 23-7047821 51-0235174 54-6076244 75-1403169 59-2933541 25-1704705 20-8036372 38-2701547 22-3888250 13-2912529 52-2199055 54-1429009 54-1436224 23-7749796 75-2828138 64-0797905 20-2591461 84-0736725 20-3237801 54-0564701 59-3278168 75-1804932 (iii) Type 2 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 26-0731822 73-1436375 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 (iv) Listed No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52 -1934032

(i) Name Jerusalem Institute for Market Studies John K Maclver Institute for Public Policy John Locke Foundation Josiah Bartlett Center for Public Policy Kansas Policy Institute Leadership Institute Lee-Fendall House Museum Liberty Legal Institute Life for Kids Lincoln Institute of Public Opinion Research Lucy Burns Institute Maciver Institute Mackinac Center for Public Policy Maine Heritage Policy Center Manhattan Institute For Policy Research Maryland Public Policy Institute Media Research Center Mercatus Center, GMU Middle East Forum Midland Young Life Building Foundation Mississippi Center for Public Policy Montana Policy Institute Mountain States Legal Foundation Moving Picture Institute Mt Vernon Ladies Association Music Mission Kiev National Center for Policy Analysis

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii) Amount 20,000 250,000 390,600 221,764 39,500 17,500 10,000 125,000 1,500 15,000 342,500 67,000 910,000 671,200 183,475 165,000 12,500 3,500 1,200,000 5,000 167,000 226,933 2,000 105,000 5,000 15,000 277,000 175,000 2,000 30,000 300,000 17,500 388,727 7,500 142,500 400,000 189,283 132,282 100,000 10,000 7,000 550,000 984,470 10,000 305,000 410,794 85,000 180,910 2,000 125,000 92,000 28,000 76,930

National Coalition for the Protection of Children an( 31-1124644 52-1750188 National Legal & Policy Center National Right to Work Foundation National Tax Limitation Foundation National Taxpayers Union Foundation Nevada Policy Research Institute NFIB Legal Foundation North Dakota Policy Council Northwestern University School of Law Ocean State Policy Research Institute Oklahoma Council of Public Affairs 59-1588825 51-0208455 52-1122883 88-0276314 62-1570449 20-8862761

35-2176192 One Nation Under God Foundation Outreach Foundation of the Presbyterian Church (158-1375506 Pacific Legal Foundation Pacific Research Institute for Public Policy Palmer R Chitester Fund Partners Relief and Development Pelican Institute for Public Policy Philanthropy Roundtable Pioneer Institute for Public Policy Research Platte Institute for Economic Research Polwarth Ministries Prometheus Institute Public Interest Institute Public Policy Foundation of West Virginia Public Service Research Foundation Reason Foundation 94-2197343 94-2528433 52-1455677 22-3786806 26-1704791 13-2943020 22-2632081 20-8809060 51-0558527 20-3558542 42-1347192 20-5955827 58-1442675 95-3298239

Sch A Part I - Line 1.h Page 3 of 4

Donors Capital, Inc.

Form 990 - 2009 Grants Sch A Part I - Line 1.h

(ii) EIN 62-0476301 85-0468446 52-1930894 22-2406433 20-5792227 20-3128872 74-2209420 36-2167921 20-1957878 75-2147444 57-0835744 03-0183005 53-0196617 57-0952531 82-0472269 65-0348492 05-0611977 94-3435899 87-0531727 52-1941122 75-2899609 20-1808567 74-2524057 26-3057133 51-0280185 35-2244262 36-2177139 35-0868188 74-6000203 54-1682176 52-1524976 23-1352688 54-1870848 52-1071570 91-1752769 26-2828115 52-1358144 23-7042029 84-0385934 (iii) Type 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 7 2 7 7 7 7 7 7 7 7 2 2 (iv) Listed No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No TOTAL SUPPORT (v) Notification Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

EIN: 52-1934032

(I) Name Rhodes College Rio Grande Foundation Russian-Amencan Christian University Salvation Army - Orlando Area Command Sam Adams Alliance SCRG Foundation Security Research Associates, Inc Shimer College Show Me Institute Sky Ranch Foundation South Carolina Policy Council St Johnsbury Athenaeum St Matthew Catholic School State Policy Network Stewards of the Range, Inc Student Government Affairs Program StudentNewsDaily com Students for Liberty Sutherland Institute Taxpayers for Common Sense Teen F L 0 W Youth Ministries Tennessee Center for Policy Research Texas Public Policy Foundation Texas Watchdog Thomas Jefferson Institute Tolson Group University of Chicago University of Notre Dame University of Texas - Austin University of Virginia Foundation US English Foundation Villanova University Virginia Institute for Public Policy Washington Legal Foundation Washington Policy Center World Journalism Institute Wyoming Liberty Group Yankee Institute Young America's Foundation Young Life

(vi) US? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

(vii) Amount 25,000 122,500 100,000 10,000 3,214,500 100,000 110,000 50,000 235,000 10,000 660,000 5,000 10,000 2,570,047 2,000 7,500 20,000 27,500 100,000 12,500 4,500 345,000 920,000 275,000 94,450 10,000 50,000 25,000 25,000 25,000 10,000 25,000 200,000 2,000 180,000 56,000 240,000 313,817 164,000 550 $ 59,781,233

Sch A Part I - Line 1.h Page 4 of 4

Donors Capital Fund, Inc.

Address 4455 Connecticut Avenue NW, Suite 330 161 Ottawa NW Suite 301 161 Ottawa NW, Suite 301 161 Ottawa NW, Suite 301 1010 N Tennessee St Suite 8170 N McCormick 402 Office Park Drive, Suite 300 402 Office Park Drive, Suite 300 402 Office Park Drive, Suite 300 402 Office Park Drive, Suite 300 402 Office Park Drive, Suite 300 201 Barrow#8 15100 N 90th Street 1007 Cameron Street 1007 Cameron Street 1726 M Street NW, Suite 802 1726 M Street NW, Suite 802 1995 Broadway, 2nd Floor 3711 NW 59th Place 1150 Seventeenth Street, NW 1150 Seventeenth Street, NW 1150 Seventeenth Street, NW 1150 Seventeenth Street, NW 1150 Seventeenth Street, NW 1718 M Street. NW Suite 243 1101 Vermont Ave , NW, 11th FL 117 North 21st Street, Suite 4 117 North 21st Street, Suite 4 117 North 21st Street Suite 4 117 North 21st Street Suite 4 117 North 21st Street Suite 4 117 North 21st Street Suite 4 117 North 21st Street, Suite 4 117 North 21st Street, Suite 4 117 North 21st Street Suite 4 117 North 21st Street, Suite 4 117 North 21 st Street Suite 4 117 North 21st Street, Suite 4 9900 Main Street, Suite 303 9900 Main Street, Suite 303 2111 Wilson Blvd Ste 350 2111 Wilson Blvd Ste 350 2111 Wilson Blvd, Ste 350 2111 Wilson Blvd Ste 350 2111 Wilson Blvd, Ste 350 310 South Peons Street 9500 88 Hamilton Avenue 1899 L Street NW 12th Floor 111 Center Street Suite 1200 1201 L Street, NW 1201 L Street, NW 1201 L Street, NW 2121 Alton Parkway, Suite 250 160 E 56th Street Suffolk University, 8 Ashburton Place 200 N Glebe Road Suite 200 200 N Glebe Road, Suite 200 PO Box 11706 PO Be. 11706 PO Box 11706 PO Box 11706 PO Box 11706 140 Commonwealth Avenue Washington Grand Rapids Grand Rapids Grand Rapids Cartersville Skokie Birmingham Birmingham Birmingham Birmingham Birmingham Anchorage Scottsdale Atexandna Alexandra Washington Washington NewYork Gainesville Washington Washington Washington Washington Washington Washington Washington Purcellwlle PurcelMOe PurcelMOe Purcellvife Purcellvife Purcellwge Purcellwte PurcelMOe PurcetMOe PurcelMOe Purcellvdte Purceltville Fairfax Fairfax Arlington Arlington Arlington Arlington Arlington Chicago Stamford Washington Little Rock Washington Washington Washington Irvine New York Boston Arlington Arlington Lexington Lexington Lexington Lexington Lexington Chestnut Hill DC MI MI MI GA IL AL AL AL AL AL AK AZ VA VA DC DC NY FL DC DC DC DC DC DC DC VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA IL CT DC AR DC DC DC CA NY MA VA VA KY KY KY KY KY MA

Form 990 - 2009 Grants Sch I Part Ii - Line 1

(b) EIN 20008 49503 49503 49503 3012041528 60076 35223 35223 35223 35223 35223 99501-2429 85260 22314 22314 20036 20036 10023-5860 32653 20036 20036 20036 20036 20036 20036 20005 20132 20132 20132 20132 20132 20132 20132 20132 20132 20132 20132 20132 22031 22031 20001 20001 20001 20001 20001 60607 06902 20036 72201 20005 20005 20005 92606-4926 10022 02108-2770 22203 22203 40577-1706 40577-1706 40577-1706 40577-1706 40577-1706 02467 23-7135837 38-2926822 38-2926822 38-2926822 77-0099744 36-3529801 63-0809568 63-0809568 63-0809568 63-0809568 63-0809568 26-4380206 54-1660459 52-1294680 52-1294680 52-1870003 52-1870003 13-2911127 41-2093676 53-0218495 53-0218495 53-0218495 53-0218495 53-0218495 06-1634525 52-0140979 26-1501154 26-1501154 26-1501154 26-1501154 26-1501154 26-1501154 26-1501154 26.1501154 26-1501154 26-1501154 26-1501154 26-1501154 52-2020468 52-2020468 52-1527294 52-1527294 52-1527294 52-1527294 52-1527294 36-3906065 06-1008595 52-1928321 71-0771091 94-2763845 94-2763845 94-2763845 22-2570926 13-6192275 04-2133255 48-0891418 48-0891418 11-3691843 11-3691843 11-3691843 11-3691843 11-3691843 04-2103545 (c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501)c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501)c)(3) 501 (c)(3) 501 (c)(3) 501 (c)(3) 501 (c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3( 501(c)(3) 501(c)(3) 501(c)(3) S (d) Cash 2,000 20000 213,000 268,646 50 000 25 000 10 000 15 000 15 000 50 000 80,000 50 000 2,500 1,000 2,000 150,000 250,000 7,500 75,000 2,500 125 000 280 000 299 250 2,000,000 25 000 8,000 125,000 125 000 125,000 125,000 125,000 125 000 125 000 125,000 125,000 135,000 200,000 250,000 750,000 1,500,000 10 000 25 000 25 000 28 000 1,000,000 31 000 2,000 70000 10,000 (10,000) 2,000 2,000 25 000 250,000 28 500 1,000 2,500 30000 35,000 35,000 50,000 80 000 25,000 S (a) Non-cash for general operations for translation project to match half of the conference expenses for general operations, 5%012008 expanses for general operations for the State of Illinois School Choice project for transparency project for the journalism project for the journalism project for an expert Alabama state budget analyst assistant for transparency project for general operations for general operations to fund meals for volunteers for general operations for general operations for the US News and Counselors protect for the Thanksgiving Menu for transparency project for general operations for Tip of the Spear project for the work of Roger Scruton for general operations to support the National Research IniaWe for general operations (h) Purpose

EIN. 52-1934032

(a) Grantee Accuracy in Media Acton Institute Acton Institute Acton Institute Advocates for Self-Government Agudath Israel of Illinois Alabama Policy Institute Alabama Policy Institute Alabama Policy Institute Alabama Policy Institute Alabama Policy Institute Alaska Policy Forum Alliance Defense Fund American Conservative Union Foundation American Conservative Union Foundation American Council of Trustees and Alumni American Council of Trustees and Alumni American Council on Science & Health Amencan Dream Coalition American Enterprise Institute American Enterpnse Institute American Enterpnse Institute Amencan Enterprise Institute American Enterprise Institute American Islamic Congress American Legislative Exchange Council American Majority American Majority American Majority American Majority American Majority American Majority American Majority American Majority American Majority American Majority American Majority American Majority Americans for Limited Government Research Americans for Limited Government Research Americans for Prosperity Foundation Amencans for Prosperity Foundation Americans for Prosperity Foundation Americans for Prosperity Foundation Americans for Prosperity Foundation Americans United For Life Amencares Foundation, Inc America's Future Foundation Arkansas Policy Foundation Atlas Economic Research Foundation Adas Economic Research Foundation Ades Economic Research Foundation Ayn Rand Institute Bar-Ilan University Beacon Hill Institute for Public Policy R Big of Rights Institute Big of Rights Institute Bluegrass Institute for Public Policy Sol Bluegrass Institute for Public Policy Sol Bluegrass Institute for Public Policy Sol Bluegrass Institute for Public Policy Sol Bluegrass Institute for Public Policy Sol Boston College

for the opening lunch at the Spring Task Force Summit for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for health care project for general operations for general operations for activities in W. including an experimental education program for the journalism protect for Foundation's public education activities on health reform in WI for general operations for general operations for general operations for the 2009 on the Road project for general operations 2008 grant returned in 2009 for general operations for Instituto de Libertad y Desarrotlo for general operations for the International program in communications and information strategy for education funding and school performance work for general operations for general operations for direct mail efforts for transparency project for transparency project for general operations for transparency project to establish the -JMC-Ventas Higher Education Initiative'

Schedule I Part II Line 1 Pagel of 10

Donors Capital Fund, Inc.

Address 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street, Suite 1120 88 East Broad Street. Suite 1120 88 East Broad Street. Suite 1120 88 East Broad Street, Suite 1120 PO Box 795 PO Box 795 PO Box 795 PO Box 795 PO Box 795 100 Lake Hart Drive, Dept 2400 1513 16th Street, NW 1513 16th Street, NW 4850 SW Scholls Ferry Road, Ste 103 4850 SW Scholls Ferry Road, Ste 103 4850 SW Scholls Ferry Road. Ste 103 4850 SW Scholls Ferry Road, Ste 103 4850 SW Scholts Ferry Road, Ste 103 4850 SW Scholls Ferry Road, Ste 103 4850 SW Scholts Ferry Road, Ste 103 4850 SW Scholls Ferry Road, Ste 103 PO Box 1800 1000 Massachusetts Avenue, NW 1000 Massachusetts Avenue, NW 1000 Massachusetts Avenue, NW 1000 Massachusetts Avenue, NW 124 South West Street. #201 124 South West Street, #201 124 South West Street, #201 124 South West Street, #201 910 17th Street, NW, #1120 801 W Norton Street, FL 1 801 W Norton Street, FL 1 73 Sprang Street, Suite 408 1233 20th Street, NW Suite 300 1233 20th Street, NW, Suite 300 1233 20th Street, NW, Suite 300 1233 20th Street, NW Suite 300 15230 Championship Drive 715 Queen Anne Road 8 West 38th Street, 9th Floor 1 Elmwood Avenue 1 Elmwood Avenue 767 Benedict Drive 777 VNsconsin Avenue. Ste 2000 2050 Old Bridge Rood, Suite 103 2050 Old Bridge Raod, Suite 103 1156 15th Street, NW, Suite 900 112 Elden Street Suite P 937 West Foothill Blvd Suite E 937 West Foothill Blvd, Suite E 255 West 36th Street, Suite 800 255 West 36th Street, Suite 800 165 East 56th Street 621 Harvest Court 621 Harvest Court 225 State Street, Suite 302 Columbus Columbus Columbus Columbus Columbus Columbus Columbus Columbus Columbus Columbus Columbus Dover Dover Dover Dover Dover Orlando Washington Washington Portland Portland Portland Portland Portland Portland Portland Portland Orlando Washington Washington Washington Washington Alexandra Alexandra Alexandra Alexandra Washington Muskegon Muskegon New York Washington Washington Washington Washington Haymarket Teaneck NewYork Kansas City Kansas City Las Vegas Milwaukee Lake Ridge Lake Ridge Washington Herndon Claremont Claremont New York New York New York Bel Air Bel Air Harrisburg OH OH OH OH OH OH OH OH OH OH OH DE DE DE DE DE FL DC DC OR OR OR OR OR OR OR OR FL DC DC DC DC VA VA VA VA DC MI MI NY DC DC DC DC VA NJ NY KS KS NV NA VA VA DC VA CA CA NY NY NY MD MD PA

Form 990 - 2009 Grants Sch I Part II - Line 1

(b) EIN 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 43215-3506 19903-0795 19903-0795 19903-0795 19903-0795 19903-0795 32832 20036-1480 20036-1480 97225 97225 97225 97225 97225 97225 97225 97225 32802 20001-5403 20001-5403 20001-5403 20001-5403 22314 22314 22314 22314 20006 49441 49441 10012 20036-1609 20036-1609 20036-1609 20036-1609 20169 07666 10018 68103 66103 89110 53202-5319 22192 22192 20005 20170 91711 91711 10018 10018 10022 21014 21014 17101 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 31-1278593 26-2176691 26-2176691 26-2176691 26-2176691 26-2176691 95-6006173 52-1289734 52-1289734 93-1045925 93-1045925 931045925 93.1045925 93-1045925 93-1045925 93-1045925 93-1045925 59-1215378 23-7432162 23-7432162 23-7432162 23-7432162 20-3676886 20-3676886 20-3676886 20-3676886 52-1847187 26-0677115 26-0877115 52-0945376 52.1600481 52-1600481 52-1600481 52-1600481 86-0902777 25.1725738 13-4002189 43-1243999 43-1243999 94-3178977 68-0626635 13-4070270 13-4070270 54-1426643 54-1672138 95-3443202 95-3443202 20.5845679 20.5845679 13-3610041 52-1462893 52-1462893 23-2473845 ( c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) (d) Cash 3,000 14,000 14,000 20 000 25,000 26 000 50 000 50,000 80 000 100 000 120 000 20.000 22.500 32,500 45,000 57,500 3,000 2 500 3000 10,000 15,000 32,500 32,500 55,000 80,000 83,000 115 000 25 000 2,500 5,000 25,000 50,000 5.000 35,000 350,000 400,000 1 000 36,000 84,750 100,000 2,000 15,000 150,000 150 000 29,400 590,000 100,000 1,000 1,000 82 500 10.000 150 000 200 000 20 000 2,000 1 000 40.814 25.000 50,000 10,000 10,000 25,000 10 000 (e ) Non-c as h for the development 8 capacity efforts for the journalism project for the journalism project for the 1851 Constitutional Law Center for transparency project for the litigation center transition project for the litigation center project for direct mail efforts for a development director for transparency project for general operations and capacity building for the organization's start-up for general operations and capacity building for capacity building for the journalism project for transparency project for Hungry For Truth Bibles Campaign 2009 for general operations for general operations for transparency project for direct mail activities for the journalism project for the journalism project for transparency project for general operations and capacity building for the journalism project (h) Purpose

EIN: 52-1934032

(a) Grantee Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Buckeye Institute for Public Policy Solut Caesar Rodney Institute Caesar Rodney Institute Caesar Rodney Institute Caesar Rodney Institute Caesar Rodney Institute Campus Crusade for Christ Capital Research Center Capital Research Center Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Cascade Policy Institute Catholic Diocese of Orlando Cato Institute Cato Institute Cato Institute Cato Institute Center for Competitive Politics Center for Competitive Politics Center for Competitive Politics Center for Competitive Politics Center for Education Reform Center for Government Reform Center for Government Reform Center for Independent Thought Center for Individual Rights Center for Individual Rights Center for Individual Rights Center for Individual Rights Center for the Study of Carbon Dioxide 6 Global Change CERGE-El Foundation Children's Scholarship Fund Christian Foundation for Children and Aging Christian Foundation for Children and Aging Citizen Outreach Foundation Citizens for Responsible Government Foundation Inc Citizens in Charge Foundation Citizens in Charge Foundation Civil War Preservation Trust Clare Boothe Luce Policy Institute Claremont Institute Claremont Institute Clarion Fund Clanon Fund Commentary, Inc Committee fora Constructive Tomorrow Committee fora Constructive Tomorrow Commonwealth Foundation for Public Policy Attemat

fora cap and trade/climate change transparency video for Our Catholic Appear for general operations for general operations for general operations for general operations for general operations to support the First Amendment night to petition litigation for general operations $350,000 for general operations and $50,000 for mail project for general operations to support aclwbes to educate the public about the activities of school boards for transparency project for ongoing Stossell project for general operations for general operations to support litigation protecting the constitution for general operations for Science and Public Policy Institute for the expansion of undergraduate program in economics program for general operations for the benefit of Jose Mane Santos de Jose (CH449732) for the benefit of Arsenio Sonars Calera (CH387490) for the 2009 news bureau project for the public education project on the budget and finance for educational work for general operations for the Appomattox and Vicksburg areas for general operations for general operations for general operations for research on cable distribution of film products for general operations for general operations for the Environmental Education Fund for the Copenhagen Project for health care project

Schedule I Part II Line 1

Paget of 10

Donors Capital Fund, Inc.

Address 225 State Street Suite 302 225 State Street. Suite 302 225 State Street, Suite 302 225 State Street, Suite 302 225 State Street, Suite 302 1899 L Street, NW, 12th FL 1899 L Street, NW, 12th FL 1899 L Street NW, 12th FL 1899 L Street, NW, 12th FL Mcgraw Hall, Room 324 6191 College Station Drive 8617 Garland Road 14148 Magnolia Blvd. Suite 103 109 North Henry Street 109 North Henry Street 109 North Henry Street 109 North Henry Street 109 North Henry Street 109 North Henry Street 109 North Henry Street 3141 Chestnut Street, Suite 225 PO Box 90204 1599 Clifton Road NE 4th FL 4836 Kirby Mountain Road 4836 Kirby Mountain Road PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 PO Box 552 801 G Street, NW 801 G Street. NW 1015 18th Street, NW, Suite 425 1015 18th Street, NW, Suite 425 601 Walnut Street Suite 510 601 Walnut Street, Suite 510 601 Walnut Street, Suite 510 601 Walnut Street Suite 510 250 N Water Street, #216 250 N Water Street, #216 250 N Water Street, #216 250 N Water Street, 0216 PO Box 1441 611 Cameron Street 30 South Broadway 333 Sayetvitle Street 260 Newport Center Drive Ste 100 15 West 36th Street, 13th FL 15 West 36th Street, 13th FL 260 Russell Boulevard 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 Harrisburg Harrisburg Harrisburg Harrisburg Hamsburg Washington Washington Washington Washington Ithaca Williamsburg Dallas Sherman Oaks Alexandria Alexandria Alexandria Alexandria Alexandria Alexandria Alexandria Philadephia Durham Atlanta Concord Concord Olympia Olympia Olympia Olympia Olympia Olympia Olympia Olympia Olympia Olympia Olympia Washington Washington Washington Washington Philadelphia Philadelphia Philadelphia Philadelphia Wichea Wichna Wichita Wichita Orlando Alexandria Irvington-on-Hudson Raleigh Newport Beach New York New York Davis Bismarck Bismarck Bismarck Bismarck Bismarck Bismarck Bismarck PA PA PA PA PA DC DC DC DC NY KY TX CA VA VA VA VA VA VA VA PA NC GA VT VT WA WA WA WA WA WA WA WA WA WA WA DC DC DC DC PA PA PA PA KS KS KS KS FL VA NY NC CA NY NY CA ND ND ND ND ND ND ND

Form 990 - 2009 Grants Sch I Part II - Line I

(b) EIN 17101 17101 17101 17101 17101 20036 20036 20036 20036 14853 40769-1372 75218 91423 22314-2903 22314-2903 22314-2903 22314-2903 22314-2903 22314-2903 22314-2903 19104 27708 30322 05824-9505 05824-9505 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 98507-0522 20001-3729 20001-3729 20036 20036 19106 19106 19106 19106 67202-1215 67202.1215 67202-1215 67202-1215 34786-1441 22314 10533-2529 27601 92660 10018 10018 95616-3839 58504 58504 58504 58504 58504 58504 58504 56-0532129 58-0566256 22-3092292 22-3092292 94-3136961 94-3136981 943136961 94-3136961 94-3136961 94-3136961 94-3136961 94-3136961 94-3136961 94-3136961 94-3136961 52-1792772 52-1792772 36-3235550 36-3235550 04-3467254 04-3467254 04-3467254 04-3467254 23-7047821 23-7047821 23-7047821 23-7047821 20-2927044 52-1257688 13-6006960 26-4505542 33-0836794 22-3551013 22-3551013 51-0183347 26-4066298 26-4066298 26.4066298 264066298 26-4066298 264066298 26-4066298 23-2473845 23-2473845 23-2473845 23-2473845 23-2473845 52-1351785 52-1351785 52-1351785 52-1351785 15-0532082 61-0470593 23-7375815 95-4194642 52-2166327 52-2166327 52-2166327 52-2166327 52-2166327 52-2166327 52-2166327 (c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) (d) Cash 10 000 30,000 60 000 100,000 130,000 37,500 50,000 52,027 96,000 35,000 10,000 50,000 5,000 5,000 25,000 150,000 210,000 400,000 1,000,000 10,000 14,250 25,000 25,000 17,500 46000 2 500 4,300 11,000 11,000 15,000 25,000 28,600 32,800 36 872 100,000 100,000 26 000 120,000 200,000 1,060,321 83,000 140,000 350,000 500,000 39,500 43,500 45 000 85 000 5,000 2,000 100 000 80,000 75,000 500,000 9,500,000 5,000 20 000 40,000 45,000 60,500 74,000 86,500 90,000 (e) Non-cash for transparency project for direct mail activities for the news bureau project for the journalism project for transparency project as a matching grant for the Free Enterprise Project for EPA Cover Up project for general operations for general operations to establish a Jack Miller Post-Doctoral Fellowship for general operations for the Rory Meyers Children's Garden for general operations for a strategic venture fund for general operations for a donor advised fund for a donor advised fund for a donor advised fund fore donor advised fund fore donor advised fund to support a student event with John Stossel (h) Purpose

EIN: 52 -1934032

(e) Grantee Commonwealth Foundation for Public Policy Altemat Commonwealth Foundation for Public Policy Altemat Commonwealth Foundation for Public Policy Altemat Commonwealth Foundation for Public Policy Alternat Commonwealth Foundation for Public Policy Altemat Competitive Enterprise Institute Competitive Enterprise Institute Competitive Enterprise Institute Competitive Enterprise Institute Cornell University Cumberland College Dallas Arboretum and Botanicle Society, Inc David Horowitz Freedom Center Donors Trust Donors Trust Donors Trust Donors Trust Donors Trust Donors Trust Donors Trust Drexel University Duke University Emory University Ethan Allen Institute Ethan Allen Institute Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Evergreen Freedom Foundation Family Research Council Family Research Council Federalist Society Federalist Society FIRE FIRE FIRE FIRE Flint Hills Canter for Public Policy Flint Hills Center for Public Policy Flint Hills Center for Public Policy Flint Hills Center for Public Policy Florida Family Resource Center, Inc Foundation Endowment Foundation for Economic Education Foundation for Ethics in Public Service Foundation for Free Expression Foundation for Jewish Camping, Inc Foundation for Jewish Camping, Inc Foundation for Teaching Economics Franklin Center Franklin Center Franklin Center Franklin Center Franklin Center Franklin Canter Franklin Center

to establish the'JMC-Ventas Higher Education Initiative" Post Doctonal program to establish the'JMC-Ventas Higher Education Initiative' Post Doctonal program for website changes for transparency project for general operations to support ALEC for the journalism protect for the journalism protect for higher education project for transparency project for direct mail efforts for 2009 news bureau project for the litigation center project for transparency project for general operations and capacity building for general operations for general operations for the New Jersey effort for general operations for college guide book for one Jackson Fellowship for general operations for general operations for the journalism project for 2009 news bureau project to hire a marketing director for transparency project for kids' back to school shoes for general operations for general operations for general operations for publicizing women's opression for the Eden Village Camp for general operations for general operations for the journalism protect for 2009 news bureau project for 2009 news bureau protect for 2009 news bureau project for 2009 news bureau protect for general operations for training, educational activities, and general operations

Schedule I Part II Line 1 Page3 of 10

Donors Capital Fund, Inc.

Address 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 547 South 7th Street #176 PO Box 60680 2002 Fdmore Avenue Suite 1 19 South First Street. B-1501 19 South First Street, B-1501 19 South First Street, B-1501 19 South First Street 8.1501 19 South First Street B-1501 19 South First Street 8-1501 601 Pennsylvania Ave , NW, #700 601 Pennsylvania Ave , NW, #700 100 Front Street, Suite 945 100 Front Street, Suite 945 1515 Young Street 1708 New Hampshire Ave, NW, Ste 400 1706 New Hampshire Ave PO Box 320010 675 Intercultural Center 37th and 0 St NW 6100 Lake Forrest Drive, Suite 110 6100 Lake Forrest Drive, Suite 110 6100 Lake Forrest Drive, Suite 110 6100 Lake Forrest Drive, Suite 110 1101 14th Street NW, Suite 420 4400 University Drive, #MS 1A3 500E Coronado Road 500 E Coronado Road 500E Coronado Road 500 E Coronado Road 500 E Coronado Road 500 E Coronado Road 500E Coronado Road 1314 S King Street #1163 1314 S King Street #1163 1314 S King Street, #1163 1314 S King Street, #1163 132 East Putnam Avenue, Suite D 1737 Cambridge Street, Room 417 1737 Cambridge Street, Room 417 1737 Cambridge Street, Room 417 19 South LaSalle Street Suite 903 19 South LaSalle Street, Suite 903 19 South LaSalle Street, Suite 903 19 South LaSalle Street, Suite 903 19 South LaSalle Street, Suite 903 19 South LaSalle Street, Suite 903 214 Massachusetts Avenue, NE 214 Massachusetts Avenue, NE 214 Massachusetts Avenue NE 3821 University Blvd 3821 University Blvd 3821 University Blvd 3821 University Blvd 33 East College 434 Galev Mall 350 East 5th Avenue, Suite 4515 350 East 5th Avenue. Suite 4515 190 South LaSalle St , Ste 2130 NW, Ste 400 Bismarck Bismarck Bismarck Bismarck Bismarck Bismarck Bismarck Potomac Ene Minneapolis Minneapolis Minneapolis Minneapolis Minneapolis Minneapolis Washington Washington West Conshohocken West Conshohocken Dallas Washington Washington Alexandra Washington Atlanta Atlanta Atlanta Atlanta Washington Fairfax Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Honolulu Honolulu Honolulu Honolulu Cos Cob Cambridge Cambridge Cambridge Chicago Chicago Chicago Chicago Chicago Chicago Washington Washington Washington Dallas Dallas Dallas Dallas Hillsdale Stanford New York New York Chicago ND ND ND NO ND ND ND MD PA MN MN MN MN MN MN DC DC PA PA TX DC DC VA DC GA GA GA GA DC VA AZ AZ AZ AZ AZ AZ AZ HI HI HI HI CT MA MA MA IL IL IL IL IL IL DC DC DC TX TX TX TX MI CA NY NY IL

Form 990 - 2009 Grants Sch I Part I1- Line I

(b) EIN 58504 58504 58504 58504 58504 58504 58504 20859 16506 55401 55401 55401 55401 55401 55401 20004 20004 19428 19428 75201 20009 20009 22320-0010 20057 30328-3835 30328-3835 30328-3835 30328-3835 20005 22030-4444 85004 85004 85004 85004 85004 85004 85004 96814 96814 96814 96814 06807 02138 02138 02138 60603-4111 60603-4111 60603-4111 60603-4111 60603-4111 60603-4111 20002-4999 20002-4999 20002-4999 75205-1781 75205-1781 75205-1781 75205-1781 49242 94305-6010 10118 10118 60603 38-1374230 941156365 20-2669700 20-2669700 41-2057028 264066298 26-4066298 26-4066298 26-4066298 26-4066298 26-4066298 26-4066298 74-3160646 52-1455677 38-4592698 36-4592698 36-4592698 36-4592698 36-4592698 38-4592898 52-1526916 52-1526916 13-3129249 13-3129249 75-2033106 13-6223604 13-6223604 54-1770524 53-0196603 58-1943161 58-1943161 58-1943161 58-1943161 56-1834887 54-1603842 86-0597661 86-0597661 86-0597661 86-0597661 88-0597661 86-0597661 86-0597661 99-0354937 99-0354937 99-0354937 99-0354937 06-0950851 53-0199180 53-0199180 53-0199180 36-3309812 36-3309812 36-3309812 36-3309812 36-3309812 36.3309812 23-7327730 23-7327730 23-7327730 (c) IRC 501 (c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3( 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3( 501(c)(3) 501(c((3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c((3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(x)(3) 501(c)(3) 501(x)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) (d) Cash 259,500 330,000 150,000 200,000 435 000 125,000 330,000 65,000 393,607 10,000 15 000 25,000 30000 70,000 95,000 1,000 5.000 5 000 75,000 20,000 10,000 49,871 240,000 25,000 20 000 30 000 75 000 80,000 10,000 350,000 2.000 15,000 48,462 50,000 50,000 250000 250 000 30 000 37,500 75 000 105 000 2,000 (50,000) 25 000 50 000 10,590 150,000 190,000 300,000 400,000 1 120,940 1 000 3,000 5,000 2,000 25 000 25 000 1,000,000 10,000 1,000 25 000 $0,000 (75,000) (a) Non-cash for general operations for support and training of reporters for 2009 news bureau project for 2009 news bureau project for the journalism project for general operations (h) Purpose

EIN: 52-1934032

(a) Grantee Franklin Center Franklin Center Franklin Center Franklin Center Franklin Center Franklin Center Franklin Center Free State Foundation Free To Choose Network Inc Freedom Foundation of MN Freedom Foundation of MN Freedom Foundation of MN Freedom Foundation of MN Freedom Foundation of MN Freedom Foundation of MN Freedom Works Foundation Freedom Works Foundation Friends of Israel Center for Social & Economic Progress Friends of Israel Center for Social & Economic Progress Friends of the Dallas Public Library Inc Fund for American Studies Fund for Amencan Studies Galen Institute Georgetown University Georgia Public Policy Foundation Georgia Public Policy Foundation Georgia Public Policy Foundation Georgia Public Policy Foundation Global Fund for Children GMU Foundation Goldwater Institute Goldwater Institute Goldwater Institute Goldwater Institute Goldwater Institute Goldwater Institute Goldwater Institute Grassroot Institute of Hawn Grassroot Institute of Hawaii Gresaroot Institute of Hawaii Grassroot Institute of Hawaii Greenwich Land Trust Harvard University Harvard University Harvard University Heartland Institute Heartland Institute Heartland Institute Heartland Institute Heartland Institute Heartland Institute Heritage Foundation Heritage Foundation Heritage Foundation Highland Park Presbyterian Church Highland Park Presbyterian Church Highland Park Presbyterian Church Highland Park Presbyterian Church Hillsdale College Hoover Institution-Stanford University Human Rights Foundation Human Rights Foundation Illinois Policy Institute

for training and educational activities and general operations for general operations and capacity building for general operations for health care project for transparency project for general operations and capacity building for direct mail efforts for transparency project for the journalism project for general operations for general operations for general operations for general operations for the McDermott Center for general operations for general operations for health care project to establish the'JMC-Ventas Higher Education Initiative' for direct mail and general operating funds for direct mail fundraising efforts for general operations and capacity building for transparency project for general operations for the law and Economics Centers 2010 Institute for Judges for general operations for transparency project for the journalism project for transparency project for online fundraising efforts for the Constitutional Litigation Center for constitutional litigation for transparency project for the journalism protect for general operations and capacity building for transparency project for general operations 2008 grant returned in 2009 for the establismenl of a'JMC-Ventas Higher Education Initiative' to establish the Jack Miller Post-Doctoral Fellowhip at the Program for'CORE' for G W reporting for one year for health care project for the Ranthum, Australia and Old projects for general operations $620,940 for GW-end and $500,000 for annual support for the President's Club for general operations for general operations for the Elliott Scholarship Fund for general operations for general operations for general operations for Student Independence Grant and Loan Fund for general operations for general operations for general operations 2008 grant returned in 2009

Schedule I Part II Line 1 Page4 of 10

Donors Capital Fund, Inc.

Address 190 South LaSalle St 190 South LaSalle St Ste 2130 Ste 2130 Chicago Chicago Chicago Chicago Chicago Chicago Golden Golden Golden Golden Golden Golden Golden Golden Golden Golden Fort Wayne Arlington Arlington Arlington Arlington Arlington Arlington Northbrook Washington Wilmington Tallahassee Tallahassee Tallahassee Tallahassee Tallahassee Boynton Beach New Berlin New Berlin New Berlin Raleigh Raleigh Raleigh Raleigh Raleigh Raleigh Concord Concord Concord Concord Concord Wichita Arlington Arlington Alexandna Plano Writer Park Harrisburg Madison Madison Madison Madison Madison Midland Midland Midland Midland Midland IL IL IL IL IL IL CO CO CO CO CO CO CO CO CO CO IN VA VA VA VA VA VA IL DC DE FL FL FL FL FL FL WI WI WI NC NC NC NC NC NC NH NH NH NH NH KS VA VA VA TX FL PA WI WI WI WI WI MI MI MI MI MI

Form 990 - 2009 Grants Sch I Part II - Line 1

(b) EIN 60603 60603 60603 60603 60603 60603 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 80401-3134 46895 22201-4432 22203 22203 22203 22203 22203 60062 20005 19087-1938 32315-7460 32315-7460 32315-7460 32315-7460 32315-7460 33437 53151 53151 53151 27601 27601 27601 27601 27601 27601 03302-0897 03302-0897 03302-0897 03302-0897 03302-0897 67202-1215 22201 22201 22314 75075 32789 17109 53703-9691 53703-9691 53703-9691 53703-9691 53703 48640-0568 48640-0568 48640-0568 48640-0568 48840-0568 38-2701547 38-2701547 38-2701547 38-2701547 38-2701547 41-2057028 41-2057028 41-2057028 41-2057028 41-2057028 41-2057028 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 84-0990300 35-1758480 94-1623852 52-1744337 52-1744337 52-1744337 52-1744337 52-1744337 35-2185292 52-1265221 23-6050131 59-2811908 59-2811908 59-2811908 59.2811908 59-2811908 20-0105601 26-2639114 26-2639114 26-2639114 56-1656943 56.1656943 56-1656943 56-1656943 56-1656943 56-1656943 22-3235650 22-3235650 22-3235650 22-3235650 22-3235650 23-7047821 51-0235174 51-0235174 54-6076244 75-1403169 59-2933541 25-1704705 20-8036372 20-8036372 20-8036372 20-8036372 (c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) (d) Cash 37,500 50,000 50,000 50 000 75 000 200 000 5,000 15 000 17 500 17 500 25 000 25.000 80000 100,000 100,000 100,000 10 000 2,500 2,500 5,000 5,000 25,000 100 000 20,500 250 000 1,000 5,000 10,000 25,000 43 000 75.000 20 000 75.000 75.000 100,000 25,000 30,000 35,000 75,000 105,600 120,000 10,000 20,000 20,000 71,764 100 000 39,500 2,500 15 000 10,000 125,000 1,500 15 000 17.500 50,000 75,000 200,000 67,000 10 000 12,500 12 500 25 000 25.000 ( a ) Non-cash as a matching grant for direct mail efforts for direct mail efforts for direct mail efforts for transparency project for general operations and capacity building for ALEC task force membership travel expenses ( h) Purpose

EIN. 52-1934032

(a) Grantee Illinois Policy Institute Illinois Policy Institute Illinois Policy Institute Illinois Policy Institute Illinois Policy Institute Illinois Policy Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Independence Institute Indiana Policy Review Foundation Institute for Humane Studies Institute for Justice Institute for Justice Institute for Justice Institute for Justice Institute for Justice Institute for Truth in Accounting Institute on Religion & Democracy Intercollegiate Studies Institute James Madison Institute for Public Policy James Madison Institute for Public Policy James Madison Institute for Public Policy James Madison Institute for Public Policy James Madison Institute for Public Policy Jerusalem Institute for Market Studies John K Maclver Institute for Public Policy John K. Maclver Institute for Public Policy John K Maclver Institute for Public Policy John Locke Foundation John Locke Foundation John Locke Foundation John Locke Foundation John Locke Foundation John Locke Foundation Josiah Bartlett Center for Public Policy Josiah Bartlett Center for Public Policy Josiah Bartlett Center for Public Policy Josiah Bartlett Center for Public Policy Josiah Bartlett Center for Public Policy Kansas Policy Institute Leadership Institute Leadership Institute Lee-Fendall House Museum Liberty Legal Institute Life for Kids Lincoln Institute of Public Opinion Research Lucy Bums Institute Lucy Bums Institute Lucy Bums Institute Lucy Bums Institute Maclver Institute Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy

190 South LaSalle St , Ste 2130 190 South LaSalle St , Ste 2130 190 South LaSalle St. Ste 2130 190 South LaSalle St. Ste 2130 13952 Denver West Parkway. Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 13952 Denver West Parkway, Suite 400 PO Box 5166 3301 North Fairfax Drive Suite 440 901 N Glebe Road, Suite 900 901 N Glebe Road, Suite 900 901 N Glebe Road, Suite 900 901 N Glebe Road, Suite 900 901 N Globe Road, Suite 900 1500 Skokie Boulevard. Suite 304 1023 15th Street, NW Ste 601 3901 Centerville Road. PO Box 4431 PO Box 37460 PO Box 37460 PO Box 37460 PO Box 37460 PO Box 37460 9728 S Crescent View Drive PO Box 510564 PO Box 510564 PO Box 510564 200 West Morgan Street, Suite 200 200 West Morgan Street, Suite 200 200 West Morgan Street, Suite 200 200 West Morgan Street, Suite 200 200 West Morgan Street, Suite 200 200 West Morgan Street, Suite 200 PO Box 897 PO Box 897 PO Box 897 PO Box 897 PO Box 897 250 N Water St 9216 1101 North Highland Street 1101 North Highland Street 614 Oronoco Street 2001 Plano Parkway, Suite 1600 315 N Wymore Road 4807 Jonestown Rd , Ste 242 301 S Bedford Street, Suite 6 301 S Bedford Street, Suite 6 301 S Bedford Street, Suite 6 301 S Bedford Street, Suite 6 44 East Mifflin Street, Suite 201 140 West Main Street, PO Box 568 140 West Main Street, PO Box 568 140 West Main Street, PO Box 568 140 West Main Street, PO Box 568 140 West Main Street, PO Box 568

for expenses related to Daniel Hannan of the British Parliament event for the journalism project for the journalism project for transparency project for the direct mail efforts for 2009 news bureau project for transparency project for general operations and capacity building for Linda Gornsan's 2009 state health care policy work for health care project for general operations for general operations for general operations for general operations for general operations for general operations for the Illinois True Budget Deficit project for the main line and evangebcaVlsreel project for general operations for general operations for 2009 state health care policy reform project for direct mail efforts for transparency project for general operations and capacity building for general operations for capacity building for the journalism project for transparency project for ALEC membership and task force fees for 2009 for general operations and capacity building for the 2009 Consumer-Driven Health Care Tour for transparency project for the 2009 state health care policy reform project for the -Carolina Joumer expansion project for transparency project for the journalism project for the journalism project for general operations and rapacity building for transparency project for the journalism project for 70th Birthday for general operations for John L Lewis Heritage program for efforts to defend First Amendment liberties for general operations for general operations for the remainder of 2009 assistance for general operations for transparency project for 2009 news bureau project for 2009 news bureau project for the cap and trade project for the journalism project for the journalism project for ALEC membership and task force fees for 2009 for transparency project

Schedule I Part II Line 1 Pages of 10

Donors Capital Fund, Inc.

Address 140 West Main Street , PO Box 568 140 West Main Street , PO Box 568 140 West Main Street , PO Box 568 140 West Main Street , PO Box 568 140 West Main Street , PO Box 568 140 West Main Street PO Box 568 140 West Main Street PO Box 568 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 PO Box 7829 52 Vanderbilt Avenue 52 Vanderbilt Avenue 52 Vanderbilt Avenue 52 Vanderbilt Avenue 52 Vanderbilt Avenue 52 Vanderbilt Avenue PC Box 195 PO Box 195 PO Box 195 PO Box 195 PO Box 195 325 S Patrick Street 325 S Patrick Street 325 S Patrick Street 3301 North Fairfax Drive , Suite 450 3301 North Fairfax Drive , Suite 450 1500 Walnut Street, Ste 1050 1500 Walnut Street , Ste 1050 1500 Walnut Street , Ste 1050 1500 Walnut Street , Ste 1050 1500 Walnut Street Ste 1050 925 W Wadley 520 George Street 520 George Street 520 George Street 520 George Street 1827 W Main Street, #354 1627 W Main Street #354 1627 W Main Street , #354 1627 W Main Street, #354 1627 W Main Street, 0354 1627 W Main Street , 0354 2596 South Lewis Way 375 Greenwich Street 375 Greenwich Street 375 Greenwich Street PO Box 110 286 Wilshire Blvd 12770 Coil Road , Suite 800 12770 Coil Road , Suite 800 12770 Coil Road , Suite 800 12770 Coil Road Suite 800 800 Compton, Suite 9224 107 Park Washington Court 8001 Braddock Road Ste 500 151 N Sunrise Ave , Ste 901 151 N Sunrise Ave Ste 901 Midland Midland Midland Midland Midland Midland Midland Portland Portland Portland Portland Portland Portland Portland Portland Portland New York New York New York New York New York New York Germantown Germantown Germantown Germantown Germantown Alexandna Alexandna Alexandna Arlington Arlington Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Midland Jackson Jackson Jackson Jackson Bozeman Bozeman Bozeman Bozeman Bozeman Bozeman Lakewood New York New York New York Mount Veman Casselberry Dallas Dallas Dallas Dallas Cincinnati Falls Church Springfield Roseville Roseville MI MI MI MI MI MI MI ME ME ME ME ME ME ME ME ME NY NY NY NY NY NY MD MD MD MD MD VA VA VA VA VA PA PA PA PA PA TX MS MS MS MS MT MT MT MT MT MT CO NY NY NY VA FL TX TX TX TX OH VA VA CA CA

Form 990 - 2009 Grants Sch I Part 11 - Line 1

( b) EIN 48640-0568 48640-0568 48640-0568 48640-0568 48640-0568 48640-0568 48640-0568 04112 04112 04112 04112 04112 04112 04112 04112 04112 10017 10017 10017 10017 10017 10017 20875 -0 195 20875-0195 20875-0195 20875-0195 20875-0195 22314 22314 22314 22201-4433 22201-4433 19102 19102 19102 19102 19102 74705 39202 39202 39202 39202 59715 59715 59715 59715 59715 59715 80227 10013 10013 10013 22121 32707-5362 75251-1339 75251-1339 75251-1339 75251-1339 45231 22046 22151-2125 95661 95661 38-2701547 38-2701547 38-2701547 38-2701547 38-2701547 38-2701547 38-2701547 22-3888250 22-3888250 22-3888250 22-3888250 22 - 3888250 22-3888250 22-3888250 22-3888250 22-3888250 13-2912529 13-2912529 13- 2912529 13-2912529 13-2912529 13-2912529 52-2199055 52-2199055 52-2199055 52-2199055 52-2199055 54-1429009 54-1429009 54-1429009 54-1436224 54-1436224 23-7749796 23- 7749796 23-7749796 23-7749796 23-7749796 75- 2828138 64-0797905 64 -0 797905 64-0797905 64-0797905 20- 2591461 20 -2591461 20-2591461 20-2591461 20 - 2591461 20 - 2591461 84-0 736725 20 - 3237801 20.3237801 20-3237801 54-0564701 59-3278168 75-1804932 75-1804932 75-1804932 75-1804932 31-1124644 52-1750188 59-1588825 51 -0 208455 51-0208455 (e) IRC 501(c)(3 ) 501(c)(3 ) 501 (c)(3 ) 501(c )( 3) 501(c)(3) 501(c)(3 ) 501(c)(3) 501(c)(3 ) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)( 3) 501(c )( 3) 501 (c)( 3) 501 ( c)(3) 501 ( c)(3) 501 ( c)(3) 501(c)(3 ) 501 (c)(3) 501(c )( 3) 501(c)(3 ) 501(c)(3) 501 (c)(3 ) 501(c)(3) 501 (c)(3 ) 501(c)(3 ) 501 (c)(3) 501(c)(3 ) 501(c)(3 ) 501 ( c)(3) 501 ( c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3 ) 501 ( c)(3) 501 ( c)(3) 501(c)(3) 501(c)(3) 501 ( c)(3) 501(c)(3) 501(c)(3) 501(c)(3 ) 501 ( c)(3) 501 ( c)(3) 501 ( c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3 ) 501(c)(3 ) 501 (c)(3 ) 501(c)(3) 501(c)(3 ) 501(c)(3 ) 501(c)(3 ) 501(c)(3) 501 ( c)(3) 501(c)(3) (d) Cash 30,000 50,000 95000 100,000 100,000 200,000 250 , 000 15,000 29,500 30,000 40,000 76,700 100,000 100,000 130,000 150,000 5,475 8000 15,000 25,000 30,000 100,000 10,000 25,000 30,000 50 000 50,000 2,500 5,000 5,000 1,000 2,500 100 , 000 200,000 250 000 250,000 400 000 5,000 2,000 15 000 50000 100 000 10,000 20 , 000 25.000 46,933 50 , 000 75 , 000 2000 5,000 25,000 75,000 5.000 15,000 10,000 25,000 240,000 2,000 175,000 2000 30,000 100 , 000 100,000 ( e) Non -cash for direct mail efforts for general operations and capacity building for the Votes 2 0 transparency website upgrade for transparency project for the 2009 state health care policy reform project for Michigan 360 advertising for general operations for transparency project for direct mail efforts for the health care project for 2009 news media outreach project for the litigation project for transparency project for general operations and capacity building for the 2009 Maine Leads project for the 2009 state health care policy reform project for the Empire Center for NY State Policy Project for the Empire Center for NY State Policy Project for the Empire Center's transparency project for general operations ( h) Purpose

EIN: 52.1934032

(a) Grantee Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Mackinac Center for Public Policy Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Maine Heritage Policy Center Manhattan Institute For Policy Research Manhattan Institute For Policy Research Manhattan Institute For Policy Research Manhattan Institute For Policy Research Manhattan Institute For Policy Research Manhattan Institute For Policy Research Maryland Public Policy Institute Maryland Public Policy Institute Maryland Public Policy Institute Maryland Public Policy Institute Maryland Public Policy Institute Media Research Center Media Research Center Media Research Canter Mercatus Center , GMU Mercatus Center GMU Middle East Forum Middle East Forum Middle East Forum Middle East Forum Middle East Forum Midland Young Life Building Foundation Mississippi Center for Public Policy Mississippi Center for Public Policy Mississippi Center for Public Policy Mississippi Center for Public Policy Montana Policy Institute Montana Policy Institute Montana Policy Institute Montana Policy Institute Montana Policy Institute Montana Policy Institute Mountain States Legal Foundation Moving Picture Institute Moving Picture Institute Moving Picture Institute ML Vernon Ladies Association Music Mission Kiev National Center for Policy Analysis National Center for Policy Analysis National Center for Policy Analysis National Center for Policy Analysis National Coalition for the Protection of Children and Families National Legal 8 Policy Canter National Right to Work Foundation National Tax Limitation Foundation National Tax Limitation Foundation

for the Empire Centers New York Business InsideOul project for the Empire Center for NY State Policy Project for the 2009 state health care policy reform project as a matching grant for direct mail efforts for transparency project for general operations and capacity building for general operations for general operations for general operations for general operations for general operations for general operations for small legal matters to counter terrorism research for legal and other operating costs for second quarter's general operations for IPT, MEMRI, CAMERA , and CIP for general operations for general operations for direct mail efforts for general operations and capacity building for transparency project for health care project for the direct mail efforts for news bureau project for the journalism project for transparency project for general operations and capacity building for general operations for the distribution of "Do As I Say" for general operations for Project 2081 for general operations for general operations for general operations for health reform initiatives for health care project for general operations for general operations for general operations for general operations for general operations for general operations

Schedule I Part II Line 1 Page6 of 10

Donors Capital Fund, Inc.

Address 151 N Sunrise Ave Ste 901 Roseville Alexandra Alexandra Las Vegas Las Vegas Las Vegas Las Vegas Las Vegas Las Vegas Washington Washington Bismarck Bismarck Bismarck Bismarck Bismarck Bismarck Chicago Providence Providence Providence Providence Providence Oklahoma City Oklahoma City Oklahoma City Chicago Chicago Franklin Sacramento Sacramento San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco Ene Ene Eno Ene Ene Ene Redlands New Orleans New Orleans NewOrleans New Orleans NewOrleans NewOrleans NewOrleans Washington Washington Washington Boston Boston Boston Omaha Omaha Omaha Omaha CA VA VA NV NV NV NV NV NV DC DC ND ND ND ND ND ND IL RI RI RI RI RI OK OK OK IL IL TN CA CA CA CA CA CA CA CA CA CA PA PA PA PA PA PA CA LA LA LA LA LA LA LA DC DC DC MA MA MA NE NE NE NE

Form 990-2009 Grants Sch I Part II - Line I

(b) EIN 95661 22314-3032 22314-3032 89120 89120 89120 89120 89120 89120 20004 20004 58502 58502 58502 58502 58502 58502 60611-3069 02906 02906 02906 02906 02906 73104-2801 73104-2801 73104-2801 60610 60610 37067 95834 95834 94111 94111 94111 94111 94111 94111 94111 94111 16506-6913 16506-6913 16506-6913 16506-6913 16506-6913 16506-6913 92373 70130 70130 70130 70130 70130 70130 70130 20036 20036 20036 02109 02109 02109 68114 68114 68114 68114 26-0731822 26-0731822 26-0731822 26-0731822 26-0731822 73-1436375 73-1436375 73-1436375 35-2176192 35-2176192 58-1375506 94-2197343 94-2197343 94-2528433 94-2528433 94-2528433 94-2528433 94-2528433 94-2528433 94-2528433 94-2528433 52-1455677 52-1455677 52-1455677 52-1455677 52-1455677 52-1455677 22-3786806 26-1704791 26-1704791 26-1704791 26.1704791 26-1704791 26-1704791 26-1704791 13-2943020 13-2943020 13-2943020 22-2632081 22-2632081 22-2632081 20-8809060 20-8809060 20-8809060 20-8809060 51-0208455 52-1122883 52-1122883 88-0276314 88-0276314 88-0276314 88-0276314 88-0276314 88-0276314 62-1570449 62-1570449 20-8862761 20-8862761 20-8862761 20-8862761 20-8862761 20-8862761 (e) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c))3) 501)c)(3) 501)c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c))3) 501(c)(3) 501)c))3) 501(c))3) 501(c))3) 501 (c)(3) 501)c)(3) 501(c))3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c))3) 501(c))3) 501)c))3) 501(c))3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501)c)(3) 501)c)(3) 501)c)(3) 501)c)(3) 501(c)(3) 501)c)(3) 501(c)(3) 501)c)(3) 501)c)(3) 501)c)(3) 501)c)(3) 501(c)(3) 501)c)(3) 501)c))3) 501)c))3) 501(c)(3) 501(c)(3) (d) Cash 100 000 2,500 15,000 10,000 25 000 50 000 50000 115 000 138 727 2.500 5 000 10 000 10,000 22,500 30,000 30,000 40,000 400,000 9.283 15,000 30,000 30,000 105,000 10,000 55,000 67,282 25,000 75,000 10,000 2,000 5,000 5,000 10.000 25,000 80.000 90,000 90,000 100,000 150,000 3 150 15,000 57,500 192,000 218,000 498,820 10,000 10,000 10,000 25,000 42,500 42,500 75,000 100,000 46,150 64,644 300,000 15,000 25 000 45 000 910 10,000 15 000 25,000 (e) Non-cash for general operations for general operations for general operations for the health care project for direct mail efforts for the journalism project for the journalism project for transparency project for a communications director and media researcher for the development of educational materials for the Small Business Legal Center for the cap and trade project for the cap and trade project for the journalism project for general operations and capacity building for direct mail efforts for transparency project for the Searle Center for transparency project for transparency project for general operations for transparency project for transparency project for transparency project for transparency project for news bureau project ( h) Purpose

EIN: 52 -1934032

(a) Grantee National Tax Limitation Foundation National Taxpayers Union Foundation National Taxpayers Union Foundation Nevada Policy Research Institute Nevada Policy Research Institute Nevada Policy Research Institute Nevada Policy Research Institute Nevada Policy Research Institute Nevada Policy Research Institute NFIB Legal Foundation NFIB Legal Foundation North Dakota Policy Council North Dakota Policy Council North Dakota Policy Council North Dakota Policy Council North Dakota Policy Council North Dakota Policy Council Northwestern University School of Law Ocean State Policy Research Institute Ocean State Policy Research Institute Oman State Policy Research Institute Ocean State Policy Research Institute Ocean State Policy Research Institute Oklahoma Council of Public Affairs Oklahoma Council of Public Affairs Oklahoma Council of Public Affairs One Nation Under God Foundation One Nation Under God Foundation Outreach Foundation of the Presbyterian Church (USA) Pacific Legal Foundation Pacific Legal Foundation Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Pacific Research Institute for Public Policy Palmer R Chitester Fund Palmer R Chitester Fund Palmer R Chdester Fund Palmer R Chitester Fund Palmer R Chdester Fund Palmer R Chitester Fund Partners Relief and Development Pelican Institute for Public Policy Pelican Institute for Public Policy Pelican Institute for Public Policy Pelican Institute for Public Policy Pelican Institute for Public Policy Pelican Institute for Public Policy Pelican Institute for Public Policy Philanthropy Roundtable Philanthropy Roundtable Philanthropy Roundtable Pioneer Institute for Public Policy Research Pioneer Institute for Public Policy Research Pioneer Institute for Public Policy Research Platte Institute for Economic Research Platte Institute for Economic Research Platte Institute for Economic Research Platte Institute for Economic Research

108 North Alfred Street 108 North Alfred Street 3155 E Patrick Lane, Suite 10 3155E Patrick Lane, Suite 10 3155 E Patrick Lane, Suite 10 3155 E Patrick Lane, Suite 10 3155 E Patrick Lane, Suite 10 3155 E Patrick Lane, Suite 10 1201 F Street NW Suite 200 1201 F Street NW, Suite 200 PO Box 3007 PO Box 3007 PO Box 3007 PO Box 3007 PO Box 3007 PO Box 3007 375 East Chicago Avenue PO Box 2401 PO Box 2401 PO Box 2401 PO Box 2401 PO Box 2401 1401 North Lincoln Blvd 1401 North Lincoln Blvd 1401 North Lincoln Blvd 414 N Orleans Plaza, Suite 312 414 N Orleans Plaza Suite 312 318 Seaboard Lane, Ste 205 3900 Lennane Drive, Suite 200 3900 Lennane Drive, Suite 200 One Embar adero Center, Suite 350 One Embarcadero Center Suite 350 One Embarcadero Center Suite 350 One Embar adero Center Suite 350 One Embarcadero Center, Suite 350 One Embarcadero Center, Suite 350 One Embarcadero Center, Suite 350 One Embarcadero Center, Suite 350 2002 Fdmore Avenue Suite 1 2002 Fdmore Avenue, Suite 1 2002 Fdmore Avenue, Suite 1 2002 Filmore Avenue Suite 1 2002 Filmore Avenue Suite 1 2002 Filmore Avenue Suite 1 PO Box 2066 400 Poydras Street, 30th FL 400 Poydras Street, 30th FL 400 Poydras Street 30th FL 400 Poydras Street, 30th FL 400 Poydras Street 30th FL 400 Poydras Street, 30th FL 400 Poydras Street, 30th FL 1150 17th Street, NW, Suite 503 1150 17th Street, NW, Suite 503 1150 17th Street. NW, Suite 503 85 Devonshire Street, 8th Floor 85 Devonshire Street, 8th Floor 85 Devonshire Street, 8th Floor 10050 Regency Circle, Suite 120 10050 Regency Circle, Suite 120 10050 Regency Circle, Suite 120 10050 Regency Circle Suite 120

for non-partisan ads for voter guide web site information for a registration project for the Namia Center for general operations for general operations for general operations for transparency project for ALEC membership and task force fees for 2009 for transparency project for health care project for news bureau project for the 2009 state health care policy reform project for the journalism project for 5,000 GW DVD's for the Free to Choose Network project Spy-Cam guerillas for Entrepreneur DVD - classroom use for the GW DVD project - National Review for DVD project - National Review for general operations for the Burma Army Offensive Crisis for health care project for direct mail efforts for transparency project for the journalism project for the journalism project for start-up activities for transparency project for general operations for 10% of 08 expenses for 09 K-12 Education Breakthrough Group Program for the last year of Philanthropic Freedom Project for transparency project for direct mail for transparency project for the journalism project for the 2009 state health care policy reform project for transparency project to develop strategic plan fundraising, board and advisory board development

Schedule I Part 11 Line 1 Page7 of 10

Donors Capital Fund, Inc.

Form 990 - 2009 Grants Sch I Part II - Line 1

Address 10050 Regency Circle , Suite 120 10050 Regency Circle , Suite 120 10050 Regency Circle, Suite 120 3512 Sturgis Lane 82 Clouds View 82 Clouds View 600 North Jackson Street 600 North Jackson Street PO Box 1118 PO Box 1118 320-D Maple Avenue East 320-D Maple Avenue East 3415 South Sepulveda Boulevard , Ste 400 200 N Parkway PO Box 40336 PO Box 40336 PO Box 40336 PO Box 40336 PO Box 40336 PO Box 2007 416 West Colonial Drive 400 West Ene , Suite #407 400 West Ene , Suite #407 400 West Ene , Suite #407 400 West Ene, Suite #407 400 West Ene, Suite #407 400 West Ene , Suite #407 400 West Ene , Suite #407 400 West Ene . Suite #407 400 West Ene , Suite #407 400 West Eno , Suite #407 400 West Ene, Suite #407 400 West Ene, Suite #407 400 West Ene , Suite #407 400 West Eno , Suite #407 400 West Ene , Suite #407 400 West Ene , Suite #407 400 West Ene Suite #407 400 West Ene, Suite #407 3020 Devine Street 2200 4th Avenue North , #3 2200 4th Avenue North , #3 3424 S State Street 3424 S State Street 3424 S State Street 3424 S State Street 3424 S State Street 7777 Bonhomme Avenue Suite 2150 7777 Bonhomme Avenue, Suite 2150 7777 Bonhomme Avenue, Suite 2150 7777 Bonhomme Avenue . Suite 2150 7777 Bonhomme Avenue , Suite 2150 600 N Pearl St , Ste 835 , LB 148 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1323 Pendleton Street 1171 Main Street Omaha Omaha Omaha Waco Irvine Irvine Mount Pleasant Mount Pleasant Morgantown Morgantown Vienna Vienna Los Angeles Memphis Albuquerque Albuquerque Albuquerque Albuquerque Albuquerque Wheaton Orlando Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Columbia Lake Worth Lake Worth Chicago Chicago Chicago Chicago Chicago St Louis St Louis St Louis St Louis St Louis Dallas Columbia Columbia Columbia Columbia Columbia Columbia Columbia Columbia Columbia St Johnsbury NE NE NE TX CA CA IA IA VW VW VA VA CA TN NM NM NM NM NM MD FL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL SC FL FL IL IL IL IL IL MO MO MO MO MO TX SC SC SC SC SC SC SC SC SC Vi 68114 68114 68114 76708 92603 92603 52641 52641 26507 26507 22180 22180 90034 - 6014 38112 87196 87196 87196 87196 87196 20915-2007 32804 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654-6912 60654 -6 912 60654-6912 60654-6912 60654 -6 912 60654-6912 60654-6912 60654-6912 60654-6912 29205-1044 33461 33461 60616 60616 60616 60616 60616 63105-6139 63105-6139 63105 -6 139 63105-6139 63105 -0 139 75201 29201-3715 29201-3715 29201-3715 29201-3715 29201-3715 29201-3715 29201-3715 29201-3715 29201-3715 05819 (b) EIN 20-8809060 20-8809060 20-8809060 51 -0 558527 20 - 3558542 20 - 3558542 42-1347192 42-1347192 20-5955827 20- 5955827 58-1442675 58- 1442675 95-3298239 62-0 476301 85-0468446 85-0468446 85-0468446 85-0 468446 85-0468446 52-1930894 22-2406433 20.5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-5792227 20-3128872 74-2209420 74-2209420 36-2167921 36-2167921 36-2167921 36-2167921 36-2167921 20-1957878 20-1957878 20-1957878 20.1957878 20-1957878 75-2147444 57-0835744 57-0835744 57-0835744 57-0835744 57-0835744 57-0835744 57-0835744 57-0835744 57-0835744 03-0 183005 (e) IRC 501 (c)(3) 501(c)(3) 501(c)(3 ) 501 ( c)(3) 501 ( c)(3) 501(c)(3) 501 ( c)(3) 501 ( c)(3) 501(c)(3) 501 ( c)(3) 501(c)(3) 501 ( c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3 ) 501 ( c)(3) 501(c)(3) 501(c )(3) 501(c)(3 ) 501(c)(3 ) 501(c)(3) 501(c)(3 ) 501(c)(3 ) 501(c )(3) 501(c)(3 ) 501)c))3) 501 (c)(3 ) 501 (c)( 3) 501(c)(3 ) 501 (c)( 3) 501)c))3 ) 501 (c)( 3) 501 (c)( 3) 501)c))3) 501(c)(3) 501)c))3) 501 (c)(3) 501)c)(3) 501)c)(3) 501)c )) 3) 501)c))3 ) 501)c))3) 501(c )( 3) 501(c))3) 501(c )) 3) 501(c)(3) 501(c)(3 ) 501(c)(3 ) 501)c)(3) 501(c)(3 ) 501(c)(3) 501(c )(3) 501(c)(3 ) 501(c)(3 ) 501(c)(3 ) 501(c)(3 ) 501(c)(3) 501)c)(3 ) 501 (c)(3) 501)c)(3 ) 501)c)(3) (d) C a sh 30,000 35 000 65 000 2,000 20 000 105 000 12,000 80,000 (43,500 ) 43,500 3,000 25 , 000 76,930 25,000 10,000 17,500 25,000 30 , 000 40 ,000 100,000 10,000 ( 150,000) 5 000 80,000 80,000 85,000 103,000 110,000 110,000 125,000 170,000 200 , 000 220,000 220,000 229 , 000 267,500 400 ,000 460 , 000 500,000 100,000 50,000 60,000 10.000 10,000 10,000 10,000 10,000 10,000 25,000 50,000 50.000 100,000 10,000 10,000 15,000 35,000 100,000 170,000 200,000 30,000 35.000 65,000 5000 (e) Non-cash for direct mail efforts for the journalism protect ( h) P urpo s e

EIN: 52-1934032

(a) Grantee Platte Institute for Economic Research Platte Institute for Economic Research Platte Institute for Economic Research Potwarth Ministries Prometheus Institute Prometheus Institute Public Interest Institute Public Interest Institute Public Policy Foundation of West Virginia Public Policy Foundation of West Virginia Public Service Research Foundation Public Service Research Foundation Reason Foundation Rhodes College Rio Grande Foundation Rio Grande Foundation Rio Grande Foundation Rio Grande Foundation Rio Grande Foundation Russian-Amencan Christian University Salvation Army - Orlando Area Command Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance Sam Adams Alliance SCRG Foundation Security Research Associates , Inc Security Research Associates , Inc Shimer College Shimer College Shimer College Shimer Collage Shinier College Show Me Institute Show Me Institute Show Me Institute Show Me Institute Show Me Institute Sky Ranch Foundation South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council South Carolina Policy Council St Johnsbury Athenaeum

to fund travel scholarships for transparency conference for general operations for capacity building for the transfer and management of the StateHouseCall health care blog for 2009 state health cans policy reform project for transparency project 2008 grant returned in 2009 for the journalism project for general operations for general operations for general operations to establish the 'JMC-Ventas Higher Education Initiative' Post Doetonal Fellowship for transparency project for the j ournalism project for general operations and capacity building for transparency project for the journalism project for general operations for Orlando Area Command general operations 2008 grant returned in 2009 for general operations for transparency project for general operations for Texas Watchdog for work on Sunshine Review for transparency project for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for transparency project for general operations for general operations for general operations for general operations for general operations for general operations for general operations for health care project for transparency project for general operations and capacity building for general operations and capacity building for transparency project for general operations for general operations and capacity building as a matching grant for the journalism project for general operations and capacity building for transparency project for the 2009 Citizen Reporter project for direct mail efforts for the journalism project for the journalism project for general operations

Schedule I Part II Line 1 Page8 of 10

Donors Capital Fund, Inc.

Address 221 SE Walnut Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street 2020 North 14th Street PO Box 490 2435 N Central Expressway, Ste 300 PO Box 30353 PO Box 17321 PO Box 17321 307 West 200 South Suite 5005 307 West 200 South Suite 5005 307 West 200 South, Suite 5005 307 West 200 South Suite 5005 651 Pennstyvania Avenue SE PO Box 733 PO Box 198646 PO Box 198646 PO Box 198646 PO Box 198646 PO Box 198646 PO Box 198646 PO Box 198646 PO Box 198846 PO Box 198646 PO Box 198646 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue, Suite 400 900 Congress Avenue Suite 400 900 Congress Avenue, Suite 400 Hillsboro Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Arington Arlington Arlington Arlington Arlington Arlington Arlington Arlington Mendian Richardson Edmund Arlington Arlington Salt Lake City Salt Lake City Salt Lake City Salt Lake City Washington, D C Midland Nashville Nashville Nashville Nashville Nashville Nashville Nashville Nashville Nashville Nashville Austin Austin Austin Austin Austin Austin Austin Austin Austin Austin Austin TX TN TN TN TN TN TN TN TN TN TN TX TX TX TX TX TX TX TX TX TX TX OR VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA ID TX OK VA VA UT UT UT UT

Form 990 - 2009 Grants Sch I Part II - Line I

(b) EIN 97123-0971 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 22201 83680-0490 75080-2753 73003 53-0196617 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 57-0952531 82-0472269 65-0348492 05-0611977 94-3435899 94-3435899 84101 84101 84101 84101 20003 79702 37219 37219 37219 37219 37219 37219 37219 37219 37219 37219 78701 78701 78701 78701 78701 78701 78701 78701 78701 78701 78701 87-0531727 87-0531727 87-0531727 87-0531727 52-1941122 75-2899609 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 20-1808567 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 74-2524057 (c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) (d) Cash 10 000 2,000 10,000 15,000 20,000 20,000 20,547 25,000 25,000 25,000 25,000 25,000 25,000 30,000 30,000 32,000 35,000 50,000 50,000 50,000 55,000 65,000 90,000 95,500 100,000 150,000 250,000 250,000 250,000 250,000 500,000 2,000 7 500 20,000 2,500 25,000 10,000 10,000 25,000 55,000 12,500 4,500 5,000 10,000 10,000 20,000 25,000 25,000 37,500 37,500 75,000 100,000 5000 10,000 10,000 20 000 25,000 25,000 50,000 75,000 150,000 250 000 300,000 (e) Non-cash for general operations for general operations for general operations for direct mail efforts for the Liberty on the Rocks project for capacity building for CaprtolBeat expenses for capacity building ( h) Purpose

EIN: 52-1934032

(a) Grantee St Matthew Catholic School State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network State Policy Network Stewards of the Range Inc Student Government Affairs Program StudentNewsDaily com Students for Liberty Students for Liberty Sutherland Institute Sutherland Institute Sutherland Institute Sutherland Institute Taxpayers for Common Sense Teen FLOW Youth Ministries Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Tennessee Center for Policy Research Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation Texas Public Policy Foundation

to support the Idaho Freedom Foundation's start-up activities for the Idaho Freedom Foundation to support the Idaho Freedom Foundation's start-up activities for start-up activities in Idaho for capacity building for the Liberty on the Rocks project for travel expenses for ALEC memberships for Idaho Freedom Foundation's "Idaho Votes" project for 'California Votes" project for Idaho Freedom Foundation's "Idaho Votes' project for start-up activities in New Jersey for news bureau project FBO the Wyoming state think tank for transparency project for ALEC membership and task force fees for 2009 for Idaho Freedom Foundation for transparency project for capacity building for capacity building for capacity building for capacity building for fundraising for general operations for general operations for list expansion for general operations for general operations for 2009 state health care policy reform project for transparency project for direct mail efforts for transparency project to support earmarks database $3,500 for computer equipment and $1,000 for "No Excuse" project for general operations for direct mail efforts for website changes for direct mail efforts for transparency project for the journalism project for the journalism project for the journalism project for general operations and capacity building for transparency project for general operations for the cap and trade project for the cap and trade project for the cap and trade project for ALEC membership and task force fees for 2009 for efforts on behalf of Western Civilization Initiative to promote the Latter health care study in major media outlets for efforts on behalf of Western Civilization for transparency project for general operations and capacity building for the 2009 state health care policy reform project

Schedule I Part II Line 1 Page9 of 10

Donors Capital Fund, Inc.

(a) Grantee Texas Watchdog Texas Watchdog Texas Watchdog Texas Watchdog Thomas Jefferson Institute Thomas Jefferson Institute Thomas Jefferson Institute Thomas Jefferson Institute Thomas Jefferson Institute Tolson Group University of Chicago University of Notre Dame University of Texas - Austin University of Virginia Foundation US English Foundation Vifanova University Virginia Institute for Public Policy Virginia Institute for Public Policy Virginia Institute for Public Policy Virginia Institute for Public Policy Virginia Institute for Public Policy Virginia Institute for Public Policy Washington Legal Foundation Washington Policy Center Washington Policy Center Washington Policy Center Washington Policy Center World Journalism Institute Wyoming Liberty Group Wyoming Liberty Group Wyoming Liberty Group Wyoming Liberty Group Wyoming Liberty Group Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Yankee Institute Young Amenca s Foundation Young America's Foundation Young Amenca's Foundation Young America's Foundation Young Amenca's Foundation Young Life 945 McKinney St #221 945 McKinney St #221 945 McKinney St #221 945 McKinney St #221 9035 Golden Sunset Lane 9035 Golden Sunset Lane 9035 Golden Sunset Lane 9035 Golden Sunset Lane 9035 Golden Sunset Lane 3821 University Boulevard 1212 E 59th Street 110 Grace Hall I University Station C4100 Dept of Politics, PO Box 400787 1747 Pennsylvania Ave NW Suite 1050 800 Lancaster Avenue 7326 Early Marker Court 7326 Early Marker Court 7326 Early Marker Court 7326 Early Marker Court 7326 Early Marker Court 7328 Early Marker Court 2009 Massachusetts Avenue, NW PO Box 3643 PO Box 3643 PO Box 3643 PO Box 3643 350 Fifth Avenue, Suite 1500 1740-H Dellrenge Blvd, #459 1740-H Dellrange Blvd , #459 1740-H Dellrange Blvd , #459 1740-H Deltrenge Blvd, #459 1740-H Dellrange Blvd , #459 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 PO Box 260660 110 Elden Street Suite A 110 Elden Street, Suite A 110 Elden Street Suite A 110 Elden Street Suite A 110 Elden Street, Suite A PO Box 520 Address Houston Houston Houston Houston Springfield Springfield Spnngield Spnngfield Springfield Dallas Chicago Notre Dame Austin Charlottesville Washington Villanova Gainesville Gainesville Gainesville Gainesville Gainesville Gainesville Washington Seattle Seattle Seattle Seattle New York Cheyenne Cheyenne Cheyenne Cheyenne Cheyenne Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford Herndon Hemdon Hemdon Hemdon Hemdon Colorado Springs TX TX TX TX VA VA VA VA VA TX IL IN TX VA DC PA VA VA VA VA VA VA DC WA WA WA WA NY WY WY WY WY WY CT CT CT CT CT CT CT CT CT CT CT CT CT CT CT VA VA VA VA VA CO

Form 990 - 2009 Grants

Sch I Part II - Line 1
(b) EIN 77002 77002 77002 77002 22153 22153 22153 22153 22153 75205 60637 46556 78712 22904-4787 20006 19805 20155 20155 20155 20155 20155 20155 20036 98124-3643 98124-3643 98124-3643 98124-3643 10118 82009 82009 82009 82009 82009 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 06126 201704809 20170-4809 20170-4809 20170-4809 20170-4809 80901 26-2828115 26-2828115 26-2828115 26-2828115 26-2828115 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 52.1358144 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 52-1358144 23-7042029 23-7042029 23-7042029 23-7042029 23-7042029 84-0385934 26-3057133 26-3057133 26-3057133 26-3057133 51-0280185 51-0280185 51-0280185 51-0280185 51-0280185 35-2244262 36-2177139 35-0868188 74-6000203 54-1682176 52-1524976 23-1352688 54-1870848 54-1870848 54-1870848 54-1870848 54-1870848 54-1870848 52-1071570 91-1752769 91-1752769 91-1752769 91-1752769 (c) IRC 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501 (c)(3) 501 (c)(3) 501(c)(3) 501 (c)(3) 501(c)(3) 501(c)(3) 501(c)(3) 501(c)(3) $ ( d) C a s h 20,000 60000 80000 115 000 5,000 9,450 20 000 25,000 35,000 10,000 50000 25 000 25,000 25,000 10 000 25,000 10.000 10,000 30000 30,000 40000 80,000 2,000 15 000 45,000 50,000 70,000 56,000 20,000 25,000 30,000 65,000 100,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 19,700 25,000 26,000 30,000 63,117 1 000 4000 4000 5,000 150,000 550 59,781 ,233 (e) Non-cash for general operations for general operations for general operations for news bureau protect for health care project for transparency protect for phone bank fundraising and capacity building for general operations and capacity building for transparency protect for general operations for Chicago Careers in Journalism (h) Purpose

EIN: 52-1934032 r

to establish the -JMC-Ventas Higher Education Initiative" Post Doctonal Fellowship to establish the'JMC-Ventas Higher Education Initiative- Post Doctonal Fellowship to establish the -JMC-Ventas Higher Education Initiative' Post Doctonal Fellowship for the Briefing Series 2010 to establish the -JMC-Ventas Higher Education Initiative- Post Doctonal Fellowship for 2009 state health care policy reform project for transparency project for general operations and capacity building for the organization s direct mail efforts for the journalism project for transparency project for general operations for ALEC membership and task force fees for 2009 for transparency protect for the state health care policy reform project for the Center for the Environment project for internship stipends for transparency project for start-up activities for the direct mail efforts for transparency project for the Citizen Liberty Resources project for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for general operations for 2009 inlrastucture projects for the direct mail efforts for general operations for capacity building for a transparency website for general operations $2,500 for general operations and f 1,500 for the Reagan Ranch for general operations for general operations for the National Journalism Center intern program for the Andrew Sharp - Year4ong internship program

TOTAL GRANTS

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