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    <Timestamp>2011-05-16T08:37:28-00:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>Michael Associates LLC</BusinessNameLine1>
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      <PreparerFirmUSAddress>
        <AddressLine1>9225 Priority Way W Dr Suite 340</AddressLine1>
        <City>Indianapolis</City>
        <State>IN</State>
        <ZIPCode>46240</ZIPCode>
      </PreparerFirmUSAddress>
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    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>352016101</EIN>
      <Name>
        <BusinessNameLine1>Herr Family Foundation</BusinessNameLine1>
      </Name>
      <NameControl>HERR</NameControl>
      <Phone>3178231719</Phone>
      <USAddress>
        <AddressLine1>c/o Audrey Williams 7113 Bentgrass</AddressLine1>
        <City>Indianapolis</City>
        <State>IN</State>
        <ZIPCode>46236</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Audrey Williams</Name>
      <Title>President</Title>
      <DateSigned>2011-05-16</DateSigned>
      <AuthorizeThirdParty>false</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Leslie Michael</Name>
      <Phone>3175742124</Phone>
      <DatePrepared>2011-05-16</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
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        <DividendsAdjNetIncm>79875</DividendsAdjNetIncm>
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        <TotalNetAssetsFundBalancesEOY>2211732</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
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          <DescriptionOfAsset>Stifel LT Gain</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-01-01</DateAcquired>
          <DateSold>2010-12-31</DateSold>
          <GrossSalesPrice>655017</GrossSalesPrice>
          <CostOrOtherBasis>649861</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>5156</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Stifel ST Gain</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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          <CostOrOtherBasis>316377</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>13268</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
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        <NetShortTermCapitalGainOrLoss>13268</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
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        <AdjustedNoncharitableAssets>118341</AdjustedNoncharitableAssets>
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        <Subtotal>1723</Subtotal>
        <TaxBasedOnInvestmentIncome>1723</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>1139</EstTaxPaymentsAndOverpayment>
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        <TaxPaidOriginalReturn>1139</TaxPaidOriginalReturn>
        <TaxDue>584</TaxDue>
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      <StatementsRegardingActivities>
        <Form1120POLFiled>false</Form1120POLFiled>
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        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfPersonName>Audrey Williams</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>3178231719</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>7113 Bentgrass Drive</AddressLine1>
          <City>Indianapolis</City>
          <State>IN</State>
          <ZIPCode>46236</ZIPCode>
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        <ForeignBank>false</ForeignBank>
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        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
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      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Audrey Williams</PersonName>
          <USAddress>
            <AddressLine1>Bentgrass Dr</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46236</ZIPCode>
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          <Title>President</Title>
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          <Compensation>0</Compensation>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Linda Dison</PersonName>
          <USAddress>
            <AddressLine1>S E Drive</AddressLine1>
            <City>Zionsville</City>
            <State>IN</State>
            <ZIPCode>46077</ZIPCode>
          </USAddress>
          <Title>Vice President</Title>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Robert Williams</PersonName>
          <USAddress>
            <AddressLine1>Bentgrass Dr</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46236</ZIPCode>
          </USAddress>
          <Title>Officer</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Emily Williams</PersonName>
          <USAddress>
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            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46236</ZIPCode>
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        <Description1>None</Description1>
        <Expenses1>0</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>None</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
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            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46256</ZIPCode>
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        <AdjustedNetIncome>0</AdjustedNetIncome>
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      </Taxes>
      <Taxes>
        <Category>Foreign Tax</Category>
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        <NetInvestmentIncome>417</NetInvestmentIncome>
        <AdjustedNetIncome>417</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
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