﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-12T14:59:28-05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>UPDEGROVE COMBS &amp; MCDANIEL PLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>5 LOUDOUN STREET SW SUITE B</AddressLine1>
        <City>LEESBURG</City>
        <State>VA</State>
        <ZIPCode>20175</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>364199685</EIN>
      <Name>
        <BusinessNameLine1>JAMES FAULTLESS FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>JAME</NameControl>
      <Phone>7033468382</Phone>
      <USAddress>
        <AddressLine1>1310 N JACKSON STREET</AddressLine1>
        <City>ARLINGTON</City>
        <State>VA</State>
        <ZIPCode>22201</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JAMES WESOLOWSKI</Name>
      <Title>PRESIDENT</Title>
      <Phone>7033468382</Phone>
      <DateSigned>2011-05-10</DateSigned>
    </Officer>
    <Preparer>
      <Name>DAVID G UPDEGROVE</Name>
      <Phone>7037711818</Phone>
      <DatePrepared>2011-05-12</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="RetDoc2" referenceDocumentId="RetDoc1">
      <AddressChange>X</AddressChange>
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>718261</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>7528</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>7528</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="RetDoc5">-5912</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>345266</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>1525</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>1616</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>9053</TotalNetInvestmentIncome>
        <LegalFeesRevAndExpnss referenceDocumentId="RetDoc7">172</LegalFeesRevAndExpnss>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc3">870</AccountingFeesRevAndExpnss>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc9">15</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc8">200</OtherExpensesRevAndExpnss>
        <TotOprExpensesRevAndExpnss>1257</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>104647</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>104647</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>105904</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>104647</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-104288</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>9053</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>44121</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>37590</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>37590</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>732423</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc6">634666</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>680671</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>776544</TotalAssetsBOY>
        <TotalAssetsEOY>672256</TotalAssetsEOY>
        <TotalAssetsEOYFMV>718261</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>675000</CapitalStockBOY>
        <CapitalStockEOY>675000</CapitalStockEOY>
        <RetainedEarningsBOY>101544</RetainedEarningsBOY>
        <RetainedEarningsEOY>-2744</RetainedEarningsEOY>
        <TotalNetAssetsBOY>776544</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>672256</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>776544</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>672256</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>776544</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-104288</ExcessOfRevenueOverExpenses>
        <Subtotal>672256</Subtotal>
        <TotalNetAssetsFundBalancesEOY>672256</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainNetIncome>1525</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>94429</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>616760</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.153105</DistributionRatioYear1>
        <QualifyingDistributionsYear2>132198</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>878006</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.150566</DistributionRatioYear2>
        <QualifyingDistributionsYear3>105083</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>987261</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.106439</DistributionRatioYear3>
        <QualifyingDistributionsYear4>87440</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>835242</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.104688</DistributionRatioYear4>
        <QualifyingDistributionsYear5>67304</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>748862</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.089875</DistributionRatioYear5>
        <TotalDistributionRatio>0.604673</TotalDistributionRatio>
        <AverageDistributionRatio>0.120935</AverageDistributionRatio>
        <NetNoncharitableAssets>663050</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>80186</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>91</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>80277</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>104647</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>91</InvestmentIncomeExciseTax>
        <Subtotal>91</Subtotal>
        <TaxBasedOnInvestmentIncome>91</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>94</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>94</TotalCreditsAndPayments>
        <Overpayment>3</Overpayment>
        <AmountCreditedToNextYear>3</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>IL</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>WWW.JFAULTLESS.ORG</WebsiteAddress>
        <BooksInCareOfPersonName>JAMES WESOLOWSKI</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>7033468382</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1310 N JACKSON STREET</AddressLine1>
          <AddressLine2>1310 N JACKSON STREET</AddressLine2>
          <City>ARLINGTON</City>
          <State>VA</State>
          <ZIPCode>222015029</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc4">JAMES J WESOLOWSKI</PersonName>
          <USAddress>
            <AddressLine1>1310 N JACKSON STREET</AddressLine1>
            <AddressLine2>1310 N JACKSON STREET</AddressLine2>
            <City>ARLINGTON</City>
            <State>VA</State>
            <ZIPCode>22201</ZIPCode>
          </USAddress>
          <Title>PRES/TREAS</Title>
          <AvgHoursPerWkDevotedToPosition>15.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc4">KAREN K WESOLOWSKI</PersonName>
          <USAddress>
            <AddressLine1>1310 N JACKSON STREET</AddressLine1>
            <AddressLine2>1310 N JACKSON STREET</AddressLine2>
            <City>ARLINGTON</City>
            <State>VA</State>
            <ZIPCode>22201</ZIPCode>
          </USAddress>
          <Title>SEC/DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc4">CASE HOOGENDOORN</PersonName>
          <USAddress>
            <AddressLine1>122 S MICHIGAN AVE 1220</AddressLine1>
            <AddressLine2>122 S MICHIGAN AVE 1220</AddressLine2>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60603</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc4">TREVOR WESOLOWSKI</PersonName>
          <USAddress>
            <AddressLine1>1310 N JACKSON STREET</AddressLine1>
            <AddressLine2>1310 N JACKSON STREET</AddressLine2>
            <City>ARLINGTON</City>
            <State>VA</State>
            <ZIPCode>22201</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc4">STEPHANIE WESOLOWSKI</PersonName>
          <USAddress>
            <AddressLine1>1310 N JACKSON STREET</AddressLine1>
            <AddressLine2>1310 N JACKSON STREET</AddressLine2>
            <City>ARLINGTON</City>
            <State>VA</State>
            <ZIPCode>22201</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>N/A</Description1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>652445</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>20702</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>673147</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>673147</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>10097</CashDeemedCharitable>
        <NetNoncharitableAssets>663050</NetNoncharitableAssets>
        <MinimumInvestmentReturn>33153</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>33153</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>91</TaxBasedOnInvestmentIncome>
        <TotalTax>91</TotalTax>
        <DistributableAmountBeforeAdj>33062</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>33062</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>33062</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>104647</ExpensesAndContributions>
        <QualifyingDistributions>104647</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>91</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>104556</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>33062</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>31341</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>47054</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>61994</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>88604</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>63723</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>292716</TotalExcessDistriCarryover>
        <QualifyingDistributions>104647</QualifyingDistributions>
        <AppliedToCurrentYear>33062</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>71585</RemainingDistriFromCorpus>
        <TotalCorpus>364301</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>31341</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>332960</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>47054</ExcessFromYear4>
        <ExcessFromYear3>61994</ExcessFromYear3>
        <ExcessFromYear2>88604</ExcessFromYear2>
        <ExcessFromYear1>63723</ExcessFromYear1>
        <ExcessFromCurrentYear>71585</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>JAMES AND KAREN WESOLOWSKI</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COMPASSION INTERNATIONAL</BusinessNameLine1>
            <BusinessNameLine2>COMPASSION INTERNATIONAL</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>12290 VOYAGER PARKWAY</AddressLine1>
            <AddressLine2>12290 VOYAGER PARKWAY</AddressLine2>
            <City>COLORADO SPRINGS</City>
            <State>CO</State>
            <ZIPCode>80921</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>BOLIVIAN COLLEGE SCHOLARSHIPS</PurposeOfGrantOrContribution>
          <Amount>27800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHRISTIAN AFRICAN LEADERS</BusinessNameLine1>
            <BusinessNameLine2>CHRISTIAN AFRICAN LEADERSHIP MINISTRIES</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>830 KIPLING ST STE 300</AddressLine1>
            <AddressLine2>830 KIPLING ST STE 300</AddressLine2>
            <City>LAKEWOOD</City>
            <State>CO</State>
            <ZIPCode>80215</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF HOMES FOR ORPHAN CHILDREN</PurposeOfGrantOrContribution>
          <Amount>21430</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BRIDGE2RWANDA</BusinessNameLine1>
            <BusinessNameLine2>BRIDGE2RWANDA</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1818 N TAYLOR ST 322</AddressLine1>
            <AddressLine2>1818 N TAYLOR ST 322</AddressLine2>
            <City>LITTLE ROCK</City>
            <State>AR</State>
            <ZIPCode>72207</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT FOR RUHENGERI DIOCESE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHILDREN'S IMPACT NETWO</BusinessNameLine1>
            <BusinessNameLine2>CHILDREN'S IMPACT NETWORK</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 541900</AddressLine1>
            <AddressLine2>PO BOX 541900</AddressLine2>
            <City>LAKE WORTH</City>
            <State>FL</State>
            <ZIPCode>33454</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT FOR BOLIVIA LIFE CTR, ORPHAN</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA CAPILLA 20 DE MAY</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA CAPILLA 20 DE MAYO</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>AV PAURITO B/20 DE MAYO</AddressLine1>
            <AddressLine2>AV PAURITO B/20 DE MAYO</AddressLine2>
            <City>SANTA CRUZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CONSTRUCTION OF 2 CLASSROOMS AND BAT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA COMUNIDAD Y SERVI</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA COMUNIDAD Y SERVICIOS CRISTIANOS</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>CALLE PEDRO DIEZ 64</AddressLine1>
            <AddressLine2>CALL PEDRO DIEZ 64</AddressLine2>
            <City>SANTA CRUZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CONSTRUCTION OF 3 CLASSROOMS FOR USE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA DEL EVANGELICO TO</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA DEL EVANGELICO TOTAL</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>C ROSENDO GUTIERREZ 628</AddressLine1>
            <AddressLine2>C ROSENDO GUTIERREZ 625</AddressLine2>
            <City>LA PAZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SCHOLARSHIPS FOR 30 PERSONS TO ATTEN</PurposeOfGrantOrContribution>
          <Amount>777</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA EL VERBO</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA EL VERBO</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>CALLE PUERTO ESPERAN 1044</AddressLine1>
            <AddressLine2>CALL PUERTO ESPERANZA1044</AddressLine2>
            <City>EL ALTO, LA PAZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MATERIALS TO REPAIR WIDOW'S HOUSE</PurposeOfGrantOrContribution>
          <Amount>870</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA FILADELPHIA</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA FILADELPHIA</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>LA GUARDIA 20 KM</AddressLine1>
            <AddressLine2>LA GUARDIA 20 KM</AddressLine2>
            <City>SANTA CRUZ DE LA SIERR</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CONSTRUCTION OF 3 CLASSROOMS FOR USE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA HERMOSA</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA HERMOSA</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>C FELIZ REYES ORTIZ</AddressLine1>
            <AddressLine2>C FELIZ REYES ORTIZ</AddressLine2>
            <City>CORIOCO</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MATERIALS AND SUPPLIES IN SUPPORT OF</PurposeOfGrantOrContribution>
          <Amount>3274</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA HUANCARANI</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA HUANCARANI</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>PROVINCIA MUNECAS</AddressLine1>
            <AddressLine2>PROVINCIA MUNECAS</AddressLine2>
            <City>LA PAZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PURCHASE OF EQUIPMENT AND CHICKS FOR</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA JESUS EL BUEN PAS</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA JESUS EL BUEN PASTOR</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>CASILLA DE CORREO 123</AddressLine1>
            <AddressLine2>CASILLA DE CORREO 123</AddressLine2>
            <City>TARIJA</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SCHOOL MATERIALS</PurposeOfGrantOrContribution>
          <Amount>2996</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IGLESIA PRESENCIA DE DIOS</BusinessNameLine1>
            <BusinessNameLine2>IGLESIA PRESENCIA DE DIOS</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>CALLE SAN JUAN 9037</AddressLine1>
            <AddressLine2>CALL SAN JUAN 9037</AddressLine2>
            <City>SANTA CRUZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CONSTRUCTION OF CLASSROOMS FOR COMPA</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>INTERL ORPHANGE UNTD -USA</BusinessNameLine1>
            <BusinessNameLine2>IOU - USA</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>365 ERIN ISLE DR</AddressLine1>
            <AddressLine2>365 ERIN ISLE DR</AddressLine2>
            <City>HOLLAND</City>
            <State>MI</State>
            <ZIPCode>49424</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PURCHASE OF 5.6 ACRE PLOT FOR CONSTR</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MISION EVANGELICA BETHESD</BusinessNameLine1>
            <BusinessNameLine2>MISSION EVANGELICA BETHESDA VIDA ETERNA</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>CALE PUACARES 2254</AddressLine1>
            <AddressLine2>CALE PAUCARES 2254</AddressLine2>
            <City>EL ALTO, LA PAZ</City>
            <ProvinceOrState>BOLIVIA</ProvinceOrState>
            <Country>BL</Country>
          </RecipientForeignAddress>
          <RecipientFoundationStatus>SEE ATTACHED</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CONSTRUCTION OF FACILITIES FOR PROYE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>104647</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>7528</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>1525</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>-7437</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>9053</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>-7437</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>1616</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFees>
        <Category>TAX PREPARATION</Category>
        <Amount>870</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <CompensationExplanation documentId="RetDoc4">
      <Compensation>
        <PersonName>JAMES J WESOLOWSKI</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>KAREN K WESOLOWSKI</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>CASE HOOGENDOORN</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>TREVOR WESOLOWSKI</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>STEPHANIE WESOLOWSKI</PersonName>
      </Compensation>
    </CompensationExplanation>
    <GainLossSaleOtherAssetsSch documentId="RetDoc5">
      <GainLossSaleOtherAsset>
        <Name>PIMCO TOTAL RET. MTG. FUND-4.372</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>1321</GrossSalesPrice>
        <Basis>1300</Basis>
        <TotalNet>21</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>OAKMARK INT'L FUND-73.424</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>1554</GrossSalesPrice>
        <Basis>1404</Basis>
        <TotalNet>150</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>ROYCE LOW-PRICED STOCK FUND-5.837</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>88</GrossSalesPrice>
        <Basis>79</Basis>
        <TotalNet>9</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>VANGUARD SHORT TERM BOND ETF-100</Name>
        <DateAcquired>2010-04</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-08</DateSold>
        <GrossSalesPrice>8144</GrossSalesPrice>
        <Basis>7991</Basis>
        <TotalNet>153</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>PIMCO TOTAL RET. MTG. FUND-4.372</Name>
        <DateAcquired>2002-05</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>15531</GrossSalesPrice>
        <Basis>15253</Basis>
        <TotalNet>278</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>OAKMARK INT'L FUND-73.424</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>104246</GrossSalesPrice>
        <Basis>85026</Basis>
        <TotalNet>19220</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>ROYCE LOW-PRICED STOCK FUND-5.837</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>9766</GrossSalesPrice>
        <Basis>8322</Basis>
        <TotalNet>1444</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>MARSICO 21ST CENTURY</Name>
        <DateAcquired>2006-04</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>142491</GrossSalesPrice>
        <Basis>146642</Basis>
        <TotalNet>-4151</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>ROYCE PREMIER FUND</Name>
        <DateAcquired>2004-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-06</DateSold>
        <GrossSalesPrice>20300</GrossSalesPrice>
        <Basis>16800</Basis>
        <TotalNet>3500</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>US GLOBAL EASTERN EUROPE</Name>
        <DateAcquired>2005-09</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-09</DateSold>
        <GrossSalesPrice>40300</GrossSalesPrice>
        <Basis>68361</Basis>
        <TotalNet>-28061</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="RetDoc1">
      <GeneralExplanation>
        <Identifier>GENERAL RETURN INFORMATION</Identifier>
        <Explanation>PART XV, LINE 3A ATTACHMENTS ARE ENCLOSED IN PDF FOR</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GENERAL ELECTIONS</Identifier>
      </GeneralExplanation>
    </GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorpStock>
        <NameOfStock>CHARLES SCHWAB</NameOfStock>
        <EOYBookValue>634666</EOYBookValue>
        <EOYFMV>680671</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFees>
        <Category>HOOGENDOORN TALBOT</Category>
        <Amount>172</Amount>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>200</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc9">
      <Taxes>
        <Category>IL FILING FEES</Category>
        <Amount>15</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>