2008 Mark And Stephanie Madoff Foundation 990

Return of Private Foundation

9 9 0-PF

Form

Department of the Treasury

internal Revenue Service

OMB No . 1545-0052

or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation

^) ooiq

I Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements. I

For calendar year 2008 , or tax year beg innin g Initial return G Check all that a pp ly:

, 2008 , and ending Amended return Address change

Final return

, 20 jName change

J

A Employer Identification number

Name of foundation

Use the IRS

label. Otherwise ,

26-1445331

MARK AND STEPHANIE MADOFF FOUNDATION Number and street (or P.O. box number if mail is not delivered to street address)

Room / suite

B

Telephone number (see page 10 of the mstructunsi

C

If exemption application i s pending , check here

^

1. Foreign orpemxanons , check here

^

print

or type. See S p ecific Instructions .

212) 230-2460

158 MERCER ST. City or town, state , and ZIP code

D

NEW YORK , NY 10012-3212 H Check type of organization:

X

c m tuta check here and attach com puta tion

Section 501(8 (3) exempt private foundation Other taxable p rivate foundation

Section 4947 ( a )( 1) nonexem pt charitable trust

I

2 Foreign organizations meeting the

E

Cash Accrual J Accounting method: Fair market value of all assets at end of year (from Part 11, col. (c), line 0 Other (specify) ----------------------(Part 1, column (d) must be on cash basis .) 16)001 $ 1 , 612 , 387. Analysis of Revenue and Expenses (The (a) Revenue and expenses per books

total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see p ag e I I of the instructions)) 1

Contnbutlon 6, pi s, grants , etc, received (attach schedule)

2

Check ^

3

Interest on savings and temporarycash investments

4

Dividends and interest from securities . . .

rul

(b) Net investment income

. ^ El

under section 5071b1111(A) . check here . F

❑

i f private foundation status was terminated ^

if thefoundatlon is in a 60-monthtermmahon under section 507(b1111(B), check here .

^

(d) Disbursements (c) Adjusted net income

for charitable purposes (cash basis onl y)

.

if the foundation is not required to attach Sch . B . .

61

STMT 1

61 , 536

, 536

S a Gross rents . . . . . . . . . . . . . . • . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 b Gross sales price for all 1, 057, 388. assets on line 6a

0

7

Capital gain net income (from Part IV, line 2) .

8

Net short-term capital gain

9

Income modifications

108 Gross sales less returns and allowances b Less Cost of goods sold

(I)

m

S^ V7

. . . . . . . . • • • •

.

c Gross profit or (loss) (atta

Gv

-298 , 750 .

___________________

ule) . ,

11

Other income (attach sch

12

Total. Add lines 1 throe

, • ,

13

Compensation of officers, di

stees, etc.

14

Other employee salaries

s

15

Pension plans, employee

1 078

-1 078.

-238 292

60 458.

STMT 2

. . . .

. . . . ,

16a Legal fees (attach sched b Accounting fees (attach

,

c Other professional fees (hg M. 3 .

MA •E

17

Interest .

18

Taxes (attach schedule) ( see page 14 of tie #

19

Depreciation (attach schedule) and depletion

FJctIOgs )

a 20

Occupancy . . . . . . . . . . . . . . . .

•

Travel, conferences, and meetings . . . . ,

21

Printing and publications

cc 22

354

15 , 418 .

15 , 064.

2 , 706 .

1 , 879.

482.

117.

365

. . .. r^r ^ . . .

. . . . . . . . .

23

Other expenses (attach schedule) STJi41', 5 ,

24

Total operating and administrative expenses.

.

Add lines 13 through 23

0 25

18 , 606 . 106 , 500 .

17 , 060.

Contributions, gifts, grants paid . . . . .

719 106 , 500

26

Total ex penses and disbursements Add lines 24 and 25

125

106.

17 , 060.

107 , 219

27

Subtract line 26 from line 12. a

. . . . . . . .

Pecans of revenue over expenses and disbursements

,

-363

,

398

.

b Net investment income (if negative, enter -0-)

43,398. 1

c Adjusted net income ( if ne g ative , enter -0-) . . For Privacy Act and Paperwork Reduction Act Notice , see page 30 of the instructions. JSA

Form 990-PF (2008)

8E1410 1 nnn

3

Q1

26-1445331

Form 990-PF 120081

Balance Sheets 1

Attached schedules and amounts in the description column should be for endof-year

( a) Book Value

amounts only . ( See instructions .)

PA,,.2

Beginning of year

End of year

( b) Book Value

( c) Fair Market Value

Cash - non-interest -bearing . . . . . . . . . . . . . . . . .

2

Savings and temporary cash investments . . . . . . . . .

3

Accounts receivable ^

2 , 001 , 336.

422 619.

422 , 619

403 000.

410 , 300

805 736.

773 , 468

-----------------------Less . allowance for doubtful accounts ^ - --- --- -- -- --Pledges receivable ^ ------------------------Less • allowance for doubtful accounts ^ - ------------Grants receivable . . . . . . . . . . . . . . . . . . . . .

4 5 6

Receivables due from officers , directors , trustees , and other disqualified persons ( attach schedule ) ( see page 15 of the instructions)

7

Other notes and loans receivable ( attach schedule ) ^ _ _ _ _ _ _ Less : allowance for doubtful accounts ^

B

Inventories for sale or use

9

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

Prepaid expenses and deferred charges . . . . . . . . . . ,

a 10a

Investments - U.S.and state government obligationslattac6094

b Investments - corporate stock ( attach schedule ) . STMT .7. C Investments - corporate bonds ( attach schedule ). . . . . . . . 11

Investments - land, buildings, ^ and equipment basis ---------- ---------_ Less accumulated depreciation ^ (attach schedule ) --- - --- - ----- -- -----

12 13

Investments - mortgage loans

14

Land , buildings,and ^ equipment basis -------------------Less . accumulated depreciation ^ (attach schedule ) ----------------- - ---

15

( ------------Total assets (to be completed by all filers - see the

16

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

Investments - other ( attach schedule ) . . . . . . . . . . . . .

Other assets describe

^

STMT

8

-

instructions . Also, see page 1, item I) .. 17

Accounts payable and accrued expenses , , , , , , , , , , ,

18

Grants payable

19

Deferred revenue

20

Loans from officers, directors , trustees , and other disqualified persons

21

Mortgages and other notes payable ( attach schedule) . . . . .

22

Other liabilities ( describe ^

23

Total liabilities ( add lines 17 through 22) . .

,

000.

6 , 000

2 , 001 , 336.

1 , 637 , 355 .

1 , 612 , 387

2 , 001 , 336.

1 , 637 , 355.

2 , 001 , 336 .

1,637,355. 1

2 , 001 , 336.

1 637 355.

6

1

,,,,,,,,,,,,,,,,,,,,,,, . . . . . . . . . . . . . . . . . . . . . .

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

1

Foundations that follow SFAS 117, check here ^ and complete lines 24 through 26 and lines 30 and 31. ai 24 0 25

Temporarily restricted

Unrestricted . . . . . . . . . . . . . . . . . . . . . . . .

m 26

Permanently restricted . . . . . . . . . . . . . . . . . . . .

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

Foundations that do not follow SFAS 117,

,i 0 27

check here and complete lines 27 through 31. 0Capital stock , trust principal , or current funds .. .... .

4 28

Paid-in or capital surplus, or land, bldg , and equipment fund

IM 29

. . . . .

Retained earnings, accumulated income, endowment , or other funds

30

Total net assets or fund balances ( see page 17 of the

31

Total liabilities and net assets/fund balances (see page 17

instructions ) , , ,, , , ,

Z

of the instructions ) • .

Analy sis of Chan g es in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column ( a), line 30 (must agree with end-of-year figure reported on prior year' s return ) , , , , , , , , , , , , , , , , , , , , , , , , , . . . , . . . , . 2 Enter amount from Part 1, line 27a 3 Other increases not included in line 2 ( itemize) ^ -------------------------------------4 Add lines 1 , 2, and 3 , , , , , , , , , , , , , , , . . . .......... .

1 2 3 4

5 Decreases not included in line 2 ( itemize ) p.

5

SEE STATEMENT 9

6 Total net assets or fund balances at end of year ( line 4 minus line 5) - Part II , column ( b), line 30 . JSA 9E1420 1 000

6

2 , 001 , 336. -363 , 398.

1 , 637 , 938. 583. 1,637,355. Form 990-PF (2008)

26-1445331 Form 990fF (2008) Canital rvains and Lnsca_ s fnr Tay nn In va_stment Income FM^

Pa g e 3 lb) acqu i red P-Purchase

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

la

( c) Date acquired (mo ., day, yr . )

fd) Date sold mo., day, yr.)

SEE PART IV DETAIL

b c d

e (a) Gross sales price

( f) Depreciation allowed (or allowable )

( g) Cost or other basis plus expense of sale

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

a b c d

e Com p lete only for assets showin g g ain in column ( h) and owned by the foundation on 12/31/69 (i) F.M.V. as of 12 / 31/69

(1) Gains ( Col. (h) gain minus col . ( k), but not less than -0-) or Losses ( from col. (h))

(k) Excess of col. (i) over col . ( j), if any

(j) Adjusted basis as of 12/31/69

a b c d

e If gain , also enter in Part I, line 7 { If (loss ), enter -0- in Part I , line 7 3 Net short-term capital gain or ( loss) as defined in sections 1222 ( 5) and (6): If gain , also enter in Part I , line 8, column ( c) (see pages 13 and 17 of the instructions). If loss ), ent er -0- in Part I, line 8. 2 Capital gain net income or (net capital loss) . ..

}

-298 , 750.

2

3

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? , . . . E]Yes © No If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part. I

Fnter the nnnrnnriate mmnunt in P ath column for varh vear• see nacre 18 of the instructions before making any entries. Base period years Calendar year ( or tax year beginning in)

(b) Adjusted qualifying distributions

2007

Distribution ratio ti (col. (b) divided by col. (c))

(c) Net value of nonchantable-use assets

NONE

1 , 971 , 316.

NONE

2006 2005 2004 2003 Total of line 1, column (d) Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years . . . . _ .. ..

2

NONE

3

NONE

4

Enter the net value of noncharitable-use assets for 2008 from Part X, line 5

4

1 , 882 , 999.

5

Multiply line 4 by line 3

5

NONE

6

Enter 1%of net investment income (1%of Part I, line 27b)

6

434.

7

Add lines 5 and 6

7

434.

8

107 , 219.

2 3

8

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Enter qualifying distributions from Part XII, line 4

, , , , , , , , , , , , , , , , , , ,

, , , , , , , , , , , , , , , , , ,

It line 8 is equal to or greater than line 7, check the box in Fart VI, line 1b, and complete that part using a 1'/o tax rate. bee the Part VI instructions on page 18.

JSA 8E1430

1 000

Form 990-PF (2008) 5

Exempt operating foundations described in section 4940 ( d)(2), check here

la

and enter ' N/A' on line 1.

^

Date of ruling letter: - - - - - - - - - - ( attach copy of ruling letter it necessary - see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V , check here

Page 4 18 of the instructions)

26-1445331 4940(e ), or 4948 - see

Excise Tax Based on Investment Income (Section 4 94 0(a ), 4

. , , ,

1

434.

^ FU and enter 1%of Part I, line 27b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

c

2

Tax under section 511 ( domestic section 4947 ( a)(1) trusts and taxable foundations only. Others enter -0-) . Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 3

5

434. NONE 434.

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

7

800.

if Form 2220 is attached

8

5

Subtitle A ( income ) tax (domestic section 4947 ( a)(1) trusts and taxable foundations only. Others enter -0-) , . Tax based on Investment income. Subtract line 4 from line 3. If zero or less, enter -0- . . . . . . . . . . . . .

6

Credits / Payments:

4

a 2008 estimated tax payments and 2007 overpayment credited to 2008 .

6a

800.

b Exempt foreign organizations-tax withheld at source

fib

NONE

6c

NO

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

c Tax paid with application for extension of time to file ( Form 8868) , . . . . . d Backup withholding erroneously withheld . . . . . . . . . . . . . . . . . Total credits and payments . Add lines 6a through 6d . . . . . Enter any penalty for underpayment of estimated tax. Check here

7 8

3 4

6d

. . . . . . . . . . . . . . . . . . . . . . . ^

9

Tax due . If the total of lines 5 and 8 is more than line 7 , enter amount owed . . . . . ^ Overpayment . If line 7 is more than the total of lines 5 and 8 , enter the amount overpaid , 3 6 6 . Refunded ^ Enter the amount of line 10 to be Credited to 2009 estimated tax ^

9 10 11

366.

10 11

UZffjM Statements Re g ardin g Activities la

During the tax year , did the foundation attempt to influence any national , state , or local legislation or did it participate or intervene in any political campaign? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Did it spend more than $ 100 during the year (either directly or indirectly) for political purposes ( see page 19 of the instructions for definition )? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

No

1a

X

lb

X

1c

X

2

X

3

X

4a

X

If the answer is "Yes " to 1a or 1b, attach a detailed description of the activities and copies of any materials

c d

published or distributed by the foundation in connection with the activities. Did the foundation file Form 1120-POL for this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount ( if any ) of tax on political expenditures ( section 4955 ) imposed during the year: ( 2) On foundation managers ^ $

(1) On the foundation .

e

Enter the reimbursement ( if any ) paid by the foundation during the year for political expenditure tax imposed on foundation managers.

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

2

If "Yes," attach a detailed description of the activities. Has the foundation made any changes , not previously reported to the IRS , in its governing instrument , articles of incorporation , or bylaws , or other similar instruments ? If 'Yes , " attach a conformed copy of the changes . . . . . . . . . . . ,

3

4a Did the foundation have unrelated business gross income of $1 , 000 or more during the year? . . . . . . . . . . . . . . . b If "Yes , " has it filed a tax return on Form 990-T for this year ? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Was there a li q uidation , termination , dissolution , or substantial contraction during the year ? . . . . . . . . . . . . . . . . . 5 If 'Yes,"attach the statement required by General Instruction T

4b X

5

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

6

• By language in the governing instrument, or

7

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument ? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Did the foundation have at least $ 5 , 000 in assets at any time during the year? If "Yes , ' complete Part 11, col (c), and Part XV

Be

Enter the states to which

the foundation

Is the foundation

status

b 9

( see page 19 of the STMT 10 instructions ) ^ -------------------------------------------------------------------990-PF the Attorney General of Form to If the answer is "Yes " to line 7 , has the foundation furnished a copy explanation "No attach . . . . . . . . . . . . . General Instruction G?If , " . . . . required by (or designate ) of each state as claiming

reports or with which

as a private operating

X

7

X

8b

X

it is registered

foundation

or 4942 ( j)(5) for calendar year 2008 or the taxable year beginning

within the

meaning

of section

4942(j)(3)

in 2008 ( see instructions for Part XIV on

page 27)? If "Yes , " complete Part XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

6

Did any persons become substantial contributors during the tax year ? If 'Yes," attach a schedule listing their names and addresses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

X

9

10_ r t X

Form 990-PF (2008)

JSA SE 1440 1 000

6

-

26-1445331

Farm 99o-PF

Paae5

11 At any time during the year, did the foundation , directly or indirectly, own a controlled entity within the meaning of section 512(b)(3(? If 'Yes," attach schedule ( see page 20 of the instructions ) . . . . . . . . . . . . . . . . . . .

X

L1

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

X

12 X

13

13 Did the foundation comply with the public inspection requirements for its annual returns and . exemption application ? . . . . . N/A _ Website address ____

-------------------------------------------------------------------MADOFF, PRESIDENT------------ Telephone no. ^ __C212) 230_2460__-______ 14 The books are in care of 15 8 MERCER ST^_ NEW _YORKl _ NY _ _ _ _ _ _ _ Located at _ ZIP + 4 . _ 10 012- 3 212 _ • • • ^ ❑

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here . . . . . . . . • and enter the amount of tax-exempt interest received or accrued during the year ................ . ^ 1151

Statements Regarding Activities for Which Form 4720 May Be Required Yes

File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. la

No

During the year did the foundation (either directly or indirectly)(1) Engage in the sale or exchange , or leasing of property with a disqualified person? . . . . . . . .

❑ Yes

No

(2) Borrow money from , lend money to, or otherwise extend credit to (or accept it from) a disqualified person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

X No

(3) Furnish goods , services , or facilities to (or accept them from ) a disqualified person?

. . . . . . .

Yes

X No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . . . . . .

Yes

X No

❑ Yes

No

❑ Yes

X No

(5) Transfer any income or assets to a disqualified person ( or make any of either available for the benefit or use of a disqualified person ) ? . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) Agree to pay money or property to a government official? ( Exception . Check "No" if the foundation agreed to make a grant to or to employ the official for a period after termination of government service , if terminating within 90 days .) . . . . . . . . . . . . . . . . b

If any answer is 'Yes" to 1 a ( 1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations . . .

1b

were not corrected before the first day of the tax year beginning in 2008? . . . . . . . . . . . . . . . . . . . . . . . . . . .

1c

X

2b

X

section 53 . 4941(d)-3 or in a current notice regarding disaster assistance ( see page 20 of the instructions ) ? Organizations relying on a current notice regarding disaster assistance check here c

. .

. . . . . . . . . . . . . ^

❑

Did the foundation engage in a prior year in any of the acts described in 1 a, other than excepted acts, that Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the foundation was a private

2

operating foundation defined in section 4942 ( j)(3) or 4942(;)(5))a

At the end of tax year 2008 , did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2008 ? . . . . . . . . . . . . . . . . . . . . . . . . . If "Yes ," list the years ^ -___---__-- ,_

b

❑ Yes

No

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets ) to the year' s undistributed income? ( If applying section 4942(a)(2) to all years listed , answer " No' and attach statement - see page 20 of the instructions.)

c 3a

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

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a , list the years here. ^ -----------'----------'----------'---------Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b

❑ Yes

LJ No

If 'Yes ," did it have excess business holdings in 2008 as a result of (1) any purchase by the foundation or disqualified persons after May 26 , 1969 ; ( 2) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 4943 ( c)(7)) to dispose of holdings acquired by gift or bequest ; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine if the

4a b

3b

foundation had excess business holdings in 2008. ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes ? . . . . . . •

4a

X

Did the foundation make any investment in a prior year ( but after December 31, 1969 ) that could jeopardize its charitable purpose that had not been removed from j eopardy before the first day of the tax year beginning in 2008?

4b

X

. . . . .

Form 990-PF (2008)

JSA 8E 1450 1 000

7

Form 99o-PF (2008 ) 26-1445331 Statements Regarding Activities for Which Form 4720 May Be Required (continued) 5a

During the year did the foundation pay or incur any amount to: (1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945(e ))?

Page 6

Yes

I AI No

(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on, directly or indirectly , any voter registration drivel , . . .

, , , , , , , , , , , , , ,

(3) Provide a grant to an individual for travel , study , or other similar purposes?

, , , . , , , , ,

Yes

X No

Yes

No

Yes

No

0 Yes

L No

(4) Provide a grant to an organization other than a charitable , etc., organization described in section 509(a)(1 ), ( 2), or (3) , or section 4940(d)(2 )? ( see page 22 of the instructions ) (5) Provide for any purpose other than religious , charitable , scientific , literary, or educational purposes , or for the prevention of cruelty to children or animals? b

c

. . . . . . . . . .

If any answer is "Yes" to 5a ( 1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations section 53 . 4945 or in a current notice regarding disaster assistance ( see page 22 of the instructions)?

. . .

5b

Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . . ❑ If the answer is "Yes " to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grant ? . . . . . . . . . . . . . . . . . . .

Y es

No

If 'Yes, attach the statement required by Regulations section 53 . 4945-5(d). 6a

Did the foundation , during the year , receive any funds, directly or indirectly , to pay premiums on a personal benefit contract? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Y es 11 N o b Did the foundation , during the year, pay premiums , directly or indirectly, on a personal benefit contract ? . . . . . . . . . . .

6b

T X

If you answered " Yes"to 6b, also file Form 8870 7a

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

Yes

IF-Vi No

b If y es , did the foundation receive any proceeds or have any net income attributable to the transaction?

7b

Information About Officers , Directors , Trustees, Foundation Managers , Highly Paid Employee s, 7

List all officers . directors - trustees . foundati on managers and their compensation (a) Name and address

( b) Title , and average hours per week d e vote d to pos itio n

(see oaae 22 of the instru ction --; l_

( c) Compensation ( If not paid , enter -0-

(d) Contnbuuons to employee benefit plans and deferred com p ensation

(e) Expense account, other allowances

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

SEE STATEMENT 11

-0-

-0-

-0-

---------------------------------------------------------------------------------------------------------------Z

compensation of tive highest-paid employees (other than those included on line 1 -see page Z3 of the instructions). If nnne enter "NONE-" (a) Name and address of each employee paid more than $50,000

-------------------------------------NONE

(b) Title , and average hours per week devoted to position

(c) Compensation

NONE

(d) Contributionsto employee benefit plans and deferred com p ensation

NONE

( a) Expense account, other allowances

NONE

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

-------------------------------------Total number of other employees paid over $50,000

..................................... . . ^ I NONE Form 990-PF (2008)

JSA 6E 1460 1 000

8

26-1445331 Form 990-PF (2008)

Page 7

Information About Officers, Directors , Trustees , Foundation Managers, Highly Paid Employees, and Contractors (continued) 3 Five hi g hest-paid inde pendent contractors for professional services (see pa g e 2 3 of the instructions ). If none , enter "NONE." Is) Name and address of each person paid more than $50,000

(b) Type of service

)c) Compensation

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

NONE

NONE

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total number of others receiving over $50,000 for professional services

.. ^ I

NONE

Summary of Direct Charitable Activities List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.

I

Expenses

1NONE ----------------------------------------------------------------------------2

3

4

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

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

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

Summary of Program -Related Investments (see page 23 of the instructions) Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 .

Amount

1NONE_ --------------------------------------------------------------------------------------------------------------------------------------------2

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

All other program-related investments See page 24 of the instructions.

3NONE ---------------------------------------------------------------------

----------------------------------------------------------------------------Total. Add lines 1 throu g h 3 .

.^ Form 990-PF (2008)

JSA 8E1465 1 000

1 a b c d e 2 3 4

Fair market value of assets not used ( or held for use ) directly in carrying out charitable, etc., purposes: Average monthly fair market value of securities Average of monthly cash balances , , , , , , , , , , , , , , , .. ... . . . . . ... . . Fair market value of all other assets ( see page 24 of the instructions ) , , , , , , , , , , , , , , , , , Total ( add lines 1a , b, and c ) . . . . . . . . . . . . .. . . .. .. . . . . . . . . . . . . . . . . . . . Reduction claimed for blockage or other factors reported on lines 1a and le 1c (attach detailed explanation ) . ... . . . . .. . . . Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line 1d ............................. Cash deemed held for charitable activities . Enter 1 1/2% of line 3 (for greater amount , see page 25

of the instructions )

.

Form 990-PF (2008) 26-1445331 Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see page 24 of the instructions.)

Page 8

la lb ic

1 , 160 603 . 751 , 071.

1d

1 , 911 , 674.

2 3

NONE 1 , 911 , 674.

4

NONE

28 , 675.

5 6

Net value of noncharitable-use assets . Subtract line 4 from line 3. Enter here and on Part V , line 4 5 Minimum investment return . Enter 5% of line 5 .. .... . ... . ... .... .. ... .. . . . . 6 Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating and do not complete this part.) foundations and certain foreign organizations check here ^

1 2a b c 3 4 5 6 7

1 . . . . . . . .. . . . . Minimum investment return from Part X, line 6 . . .. . . . . . . . Tax on investment income for 2008 from Part VI, line 5 , , , , 2a 434a Income tax for 2008. (This does not include the tax from Part VI.) 2b Add lines 2a and 2b . . ........................................... 2c Distributable amount before adjustments. Subtract line 2c from line 1 .. .... . .. . . .. . . . . 3 4 Recoveries of amounts treated as qualifying distributions . . . . . . . . . .... . .. . . . . . . .. Add lines 3 and 4 .. . ........................................... 5 6 Deduction from distributable amount (see page 25 of the instructions) , , , , , , Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

93 , 716.

7

93 , 716.

line 1

1 , 882 , 999. 94 .150-

94 , 150.

434. NONE 93 , 716. NONE

Qualifying Distributions (see page 25 of the instructions) 1 a b 2 3 a b

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: Expenses , contributions, gifts, etc. -total from Part I, column (d), line 26 , , , , , , , , , , , , , , . , . . Program-related investments -total from Part IX-B Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes .. . . . . . . . . . . . . . . .. . .. . . .. . . . . . .......... ... .... . .. Amounts set aside for specific charitable projects that satisfy the: Suitability test (prior IRS approval required) , , , Cash distribution test (attach the required schedule)

la 1b

107 , 219.

2

NONE

3a 3b

NONE NONE

Qualifying distributions . Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

, , , 4 107 , 219. Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. 5 Enter 1 % of Part I, line 27b (see page 26 of the instructions) . . . . . . ... ... .. . . . .. . . . 434. 6 Adjusted qualifying distributions . Subtract line 5 from line 4 . . . . . . . . . .. .. . . . . . . . . . 106 785. Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating wh ether the foundation qualifies for the section 4940(e) reduction of tax in those years.

4

5 6

Form 990-PF (2008)

JSA 8E1470 1 000

10

-

26-1445331

FUMN&MM Undistributed Income ( see page 26 of the instructions) 1

Distributable

amount for 2008 from Part XI ,

( a) Corpus

(b) Years prior to 2007

(c) 2007

line 7 .....................

(d) 2008

93 , 716.

Undistributed income , if any , as of the end of 2007

2

a

Enter amount for 2007 only

3

98 , 539

. . . . . . . . ,

b Total for prior years : 20 0 6 , 20

NON

, 20

Excess distributions carry over , if any , to 2008 a

From 2003

NONE

, , , , , ,

b From 2004

NONE

c

From 2005

, , , , , ,

NONE

d

From 2006

, , , , , ,

NONE

e

From 2007

, , , , , ,

NONE

f

Total of lines 3a through e , , , , , , , , , , ,

4

NON

Qualifying distributions for 2008 from Part XII,

line 4: ^ $

107,219.

a Applied to 2007, but not more than line 2a . . b

Applied to undistributed income of prior years (Election required- see page 26 of the instructions ) . . . .

c

Treated as distributions out of corpus ( Election required - see page 26 of the instructions ) . . .

d Applied to 2008 distributable amount e 5

6

NON 8 , 680. NON

NON

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

b

Prior years ' undistributed income. Subtract line 4b from line 2b Enter the amount of prior years ' undistributed income for which a notice of deficiency has been issued, or on which the section 4942 ( a) tax has

NON NON

NON

been previously assessed .. . ... . . .. d Subtract line 6c from line 6b . Taxable amount - see page 27 of the instructions a Undistributed income for 2007. Subtract line 4a from line 2a. Taxable amount - see page 27 of the instructions . . . . . . . . . . . . f

7

NONE

column as

a

c

NON

. . .

Remaining amount distributed out of corpus . . Excess distributions carryover applied to 2008 (If an amount appears in column (d), the same amount must be shown in column (a) )

Enter the net total of each indicated below:

98 , 539.

NON

Undistributed income for 2008 . Subtract lines 4d and 5 from line 1. This amount must be distributed in 2009 , , , , , , , , , , Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)( 1)(F) or 4942 ( g)(3) (see page 27 of the

85 , 036.

instructions ) . .. . . . ..

NON

8

Excess distributions carryover from 2003 not applied on line 5 or line 7 ( see page 27 of the instructions ) . . . . . . . . . . . . . . . . .

NON

9

Excess

10 a

Analysis of line 9: Excess from 2004

NONE

b

Excess from 2005

NONE

c

Excess from 2006 .

NONE

d e

Excess from 2007 . Excess from 2008 . . .

NONE

distributions carryover to 2009.

Subtract lines 7 and 8 from line 6a

, , , , , ,

NON

NONE

Form 990-PF (2008)

JSA 8E 1480 1 000

11

-

990-PF(2008) le

26 -1445331

foundation , and the ruling is effective for 2008, enter the date of the ruling b 2a

Enter the lesser of the adlusted net income from Part I or the minimum investment return from Part X for each year listed , , , , , , , 85% of line 2a

C

Cualdymg distributions from Part

d

Amounts included In line 2c not used directl y for active conduct

.

^

of exempt activities .

(a) 2008

4942 (j)(3) or

Prior 3 years

Tax year (b) 2007

( c) 2006

NOT APPLICABL

4942())(5) ( e) Total

( d) 2005

. . . .

XII, line 4 for each year listed

3

, . . . .

Check box to indicate whether the foundation is a private operating foundation described In section

b

B

Pace 10

Private O peratin g Foundations ( see p a g e 27 of the instructions and Part VII-A, q uestion 9) If the foundation has received a ruling or determination letter that it is a private operating

.

.

.

,

.

Ouaidymg distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c . . . . , Complete 3a, b, or a for the alternative test relied upon

a

'Assets ' alternative test - enter

(1) Value of all assets

.

Value of assets qualifying under section 4942bt3)( B)it). . . . . 'Endowment ' alternative test(2)

b

enter 2/3

of minimum invest.

ment return shown in Part X, line 6 for each year listed C

'Support' alternative test - enter (1) Total support other than gross investment income (interest , dividends , rents, payments on securmes loans (section 5121a)1511, or royalties). , , , , (2)

from general Support public and 5 or more exempt organizations as provided in section 4942 hl(3((BIDud . . . . . .

(3)

Largest amount of supfrom exempt port an organization , , , , ,

(4) Gross investment income ,

Supplementary Information (Complete this part only if the foundation had $5, 000 or more in assets at any time during the year - see page 27 of the instructions.) 1 a

Information Regarding Foundation Managers: List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

N/A b

List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

N/A Information Regarding Contribution , Grant, Gift, Loan , Scholarship, etc., Programs:

2

Check here ^ if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants , etc. (see page 28 of the instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d. a

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

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

c

Any submission deadlines:

d

Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

JSA 01

aE149 0 1 000

Form 990-PF (20081

12

-

26-1445331 11

Form 990-PF (2008)

3

Supplementary Information (continued) Grants and Contributions Paid During the Year or Approved for Future Payment Recipient

Name and address (home or business) a Paid during the year

if recipient is an individual , show any relationship to any foundation manager or substantial contributor

Foundation status o f recipient

Purpose of grant or contribution

Amount

SEE STATEMENT 12

Total .................................................. ^ 3a

106 500.

b Approved for future payment

Total

3b

Form 990-PF (2008) JSA 8E1491 1.000

13

26-1445331 Form 990-PF (2008)

Page 12

Analysis of Income-Producing Activities Enter gr oss amounts unless otherwise indicated.

Unrela ted business income (a) Business code

1 Pro g ramservicerevenue

(b) Amount

Excluded by section 512, 513 , or 514 (d) (c) Exclusion code

Amount

(e) R el a t eti or exempt nction income (Seenstructions.)

a b c d e f Fees and contracts from government agencies 9 2 Men bershlp dues and assessments . . . . .

3 Inter est on savings and temporary cash investments 4 Divi Bends and interest from securities , , , ,

14

61 , 536.

18

-298 , 750.

5 Net rental income or (loss) from real estate* a

Debt-financed property

b

Not debt-financed property

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

6 Net r ental income or (loss ) from personal property 7 Oth er investment income

,

. . . . . . . . . .

8 Gai nor (loss ) from sales of assets other than invento 9 Net income or (loss) from special events 10 Gro ss profit or (loss) from sales of inventory . 11 Oth er revenue a b

FGN CURRENCY G/L

-1 , 078.

c d e

-238 , 292.

12 Sub total. Add columns (b), (d), and (e) , . .

13 Total . Add line 12, columns (b), (d), and (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 (See worksheet in line 13 instructions on page 28 to verify calculations.)

-238,292.

Relationship of Activities to the Accomplishment of Exempt Purposes Line No .

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

NOT APPLICABLE

Form 990-PF (2008) JSA 8E 1492 1 000

14

-

Form 990-PF ( 2008)

Page 13 26-1445331 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

No

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a noncharitable exempt organization of: 1a1

X

1a ( 2 )

X

(1) Sales of assets to a noncharltable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . lb ( l ) (2) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 2

X

(1) Cash ......................................................... (2) Other assets b Other transactions-

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

c d

X

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

1b 3

X

(4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) Performance of services or membership or fundraising solicitations . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1b 4

X

(3) Rental of facilities, equipment, or other assets

1b ( 5 ) 1b 6

X

X 1c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . . . . If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

2a

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c))3)) or in section 527? . . . . . . . . . . . . . . . . . . . . . . . . .

F.

❑ Yes © No

If "Vne " .-m-lete the fniinu,inn crhnd,,i. la) Name of organization

(b) Type of organization

( c) Description of relationship

Under penalties of perjury , I declare that I have examined this return , including accompanying schedules and statements, and to the best of my knowledge and belief, it is true , correct , and c reparer ( other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge. plate ^ Iaral o

d

'

Signature of

rustee iYce

= of

_

Da Preparer's

N

y

p signature a o m Firm 's name for y urs if

CL

JSA 8E1493 1 nnn

self-employed), address, and ZIP code

08

CEWA ERHOUSECOOPERS 00 GRANT STREET, 51ST PA PITTSBURGH ,

FORM 990-PF - PART IV CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME Description

Kind of Property Gross sale price less ex p enses of sale

Depreciation allowed /

allowable

Cost or other

Adj. basis as of

FMV as of

basffis - F l 2/31/6-q

1

12/31/69

Excess of FMV over ad i b a sis

Date acquired Gain or ( lo ss)

Date sold

TOTAL SHORT-TERM COMMON TRUST FUND AND

PARTNERSHIP, S CORPORATION, AND OTHER ESTATES OR TRUST GAIN OR LOSS

343.

TOTAL LONG-TERM COMMON TRUST FUND AND PARTNERSHIP, S CORPORATION, AND OTHER ESTATES OR TRUST GAIN OR LOSS

513.

12/31/2008

. SEE ATTACHED PROPERTY TYPE: SECURITIES -300144.00

12/31/2008

SEE ATTACHED PROPERTY TYPE: SECURITIES

TOTAL GAIN(LOSS)

......

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

-298,750.

BE1730 1 000

16

26-1445331

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES -----------------------------------------------------------

DESCRIPTION ----------DIVIDENDS & INTEREST TOTAL

REVENUE AND EXPENSES PER BOOKS ---------

NET INVESTMENT INCOME ------

61,536. -------------61,536. --------------

61,536. -------------61,536. --------------

17

STATEMENT

1

26-1445331

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

FORM 990PF, PART I - OTHER INCOME ---------------------------------

DESCRIPTION

FOREIGN CURRENCY G/L TOTALS

REVENUE AND EXPENSES PER BOOKS

NET INVESTMENT INCOME

-1,078. --------------1,078. --------------

-1,078. --------------1,078. --------------

18

STATEMENT

2

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

FORM 990PF,

26-1445331

PART I - OTHER PROFESSIONAL FEES

REVENUE AND EXPENSES PER BOOKS

DESCRIPTION

AGENCY FEES INVESTMENT MGMT FEES TOTALS

3537. 11,,881. -------------15,418.

NET INVESTMENT INCOME ------

CHARITABLE PURPOSES -------354.

3,183. 11,881. -------------15,064.

-------------354.

19

STATEMENT

3

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

FORM 990PF, PART I - TAXES --------------------------------------------------REVENUE AND EXPENSES PER BOOKS

DESCRIPTION

FOREIGN TAXES PAID FEDERAL ESTIMATES PY LIABILITY TOTALS

1,879. 800. 27. -------------2,706. --------------

NET INVESTMENT INCOME

1,879.

-------------1,879. --------------

20

STATEMENT

4

26-1445331

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

FORM 990PF, PART I - OTHER EXPENSES --------------------------------------------------------------------REVENUE AND EXPENSES PER BOOKS ---------

DESCRIPTION ----------NY AG FILING FEE ADR FEES ADVERTISMENT FEE INVESTMENT FEE

250. 108. 115. 9. TOTALS

482. --------------

NET INVESTMENT INCOME ------

CHARITABLE PURPOSES -------250.

108. 115. 9. 117. --------------

365. --------------

21

STATEMENT

5

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

FORM 990PF, PART II - U.S. AND STATE OBLIGATIONS ------------------------------------------------

DESCRIPTION

SEE ATTACHED CLIENT STATEMENTS TOTALS

ENDING BOOK VALUE

ENDING FMV

403,000. --------------403,000. ---------------

410,300. --------------410,300. ---------------

22

STATEMENT

6

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

FORM 990PF, PART II - CORPORATE STOCK -------------------------------------

DESCRIPTION ----------SEE ATTACHED CLIENT STATEMENTS -BASIS ADJUSTMENT TO POWERSHARES DB AGRICULTURE FUND NOT REFLECTED ON THE CLIENT STATEMENTS TOTALS

-

ENDING BOOK VALUE ----------

ENDING FMV ---

804,887 .

773,468.

849. --------------805,736. -----------------------------

--------------773,468. -----------------------------

23

STATEMENT

7

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

FORM 990PF, PART II - OTHER ASSETS ---------------------------------ENDING BOOK VALUE

DESCRIPTION

ACCRUED INTEREST ACCRUED DIVIDENDS TOTALS

ENDING FMV

5,267. 733. --------------6,000. ---------------

5,267. 733. --------------6,000. ---------------

24

STATEMENT

8

Client Statement

NEUBERGER BERMAN A Lehman Brothers Company

For the period 11/29/2008 to 12131/2008 MARK AND STEPHANIE MADOFF FOUNDATION - MAIN

CASH

0.00 _. ^,U^rQF_A^C4T31V_T

-^- -•=._^==. _. _.^.RO

250.00 ?..aO,4^^_.:=--

NOT AVAILABLE CASH

NOT AVAILAB

0.00

0.00

N EUBERGER BERMAN

Client Statement

A Lehman Brothers Company

For the period 11/29/2008 to 1213112008 MARK AND STEPHANIE MADOFF FOUNDATION - MAIN

Mkt. CASH

( USD Exchange Rate- 1.000000000)

250 00

TOTAL CASH

250.00

GRAND TOTAL "

250.00

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION - MAIN

CASH EQUIVALENT

EQUITIES EQUITY MUTUAL FUNDS US GOVERNMENT & AGENCY ACCRUED INTEREST = - = -- -- - -- - -- - - - -- - ------

TtJTAt~ YALU1w t7F.AC Q-UNT; _=

-

-

i=.

218,177.85

206,004.77

206,004.77

1,998.25

0.97

0.00

2,400.07

0.00

0.00

199,890.60

212,257.18

6,588.00 208,022.77

8,350.18

3.93

506,324.91 10 140.28

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

- -

.. .....:,

- = = --- --- = --= -

=_334,53 .34 =' ...:: . = °.;4 0,66 .0 =:_=_

== - -

-

=-

__

..

--- ---- --48:43

- ---.. -- --: -- -------=.x.44;

NOT AVAILABLE

0.

TAXABLE DIVIDENDS MONEY MKT FUND DIVIDENDS TAXABLE BOND INTEREST ACCRUED INT PURCHASED

8,022.77

476.92 1,850.00 0.00

11,644.37 20,157.76 8,100.00 (4.083.331

TOTAL LONG TERM TOTAL SHORT TERM

N/A ( 10,920.50)

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION - MAIN

Quantity

Description

Ticker/Cusip

Average tltt41^t Unit Cost

Total Cost

(1)(4)(9) Price

Mkt Value

Unrealizedal P/L

Annual (6) (10) Income Yield

CASH EQUIVALENT 206.004 77

NEUBERGER BERMAN INSTL LIQDTY SER INSTL CASH FD TR CL

NBAXX

1 0000

TOTAL CASH EQUIVALENT

206 , 004 77

1 0000'

206 004 . 77

206,004 77

0 00

1,998 25

0 97

206 004 . 77

0.00

1 , 998.25

0.97

EQUITIES

305

"'SEADRILL LTD

SDRLF

21.6000

TOTAL EQUITIES

6 , 58800

7 8691 '

6,588 .00

2,40007

(4,187 93)

0 00

0 00

2,400 .07

(4,187 . 93)

0.00

0.00

EQUITY MUTUAL FUNDS

10,868 917 4,466 705

**JULIUS BAER INVT FOS INTL EQUITY FD II CL I

JETIX

9 5485

103,782 29

99000

107,602 28

3,81999

3,923.68

3 65

"VANGUARD INTERNATIONAL VALUE PORTFOLIO

VTRIX

23 3372

104,240 .48

23 4300

104,654 90

41442

4,42650

4 23

TOTAL EQUITY MUTUAL FUNDS

208 022 .77

212 257.18

4, 234.41

8 , 350 . 18

3.93

GRAND TOTAL (5)

420 615. 54

420 662 . 02

46.48

10 348.43

2.46

Client Statement

AN J UBERGER ^ BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (FIXED)

:TOTAL=VALUE.0F ACCOUNT _:

: ...... 74 1O9

=::532,779.$5::- . ..=.- `-= = . 5,

=22 ;735.

NOT AVAILABLE CASH CASH EQUIVALENT US GOVERNMENT & AGENCY

0.04 22.18 77.78

TOTAL LONG TERM TOTAL SHORT TERM

35.31 ( 147,910.61)

Client Statement

NEUBERGER BERMAN

For the period 11/29 /2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (FIXED)

"'+^

a,°"R tea..

... -. °..m.

iS

•-e...."-, ",.^"' ,c` ; -

T

'^„^'0O"M1x's ^

^';z°=rrv_°=

'S'°.-v."f " '9'

a isr^"

<

C ASH CASH

( NOK Exchange Rate 7.002100000 )

CASH

( USD Exchange Rate 1 000000000 )

'TOTAL CASH

Quantity

Description

Ticker/Cusip

Average MOP) Unit Cost

..

§aW^

Total Cost

Mkt. Value

144 66

144 67

56 88

56 88

201.54

201.55

Total Cost

(1)(4)(9) Price

Mkt Value

^^

P^

Unrealized al P/L

(10) Annual t6) Income Yield

CASH EQUIVALENT

117,011 18

NEUBERGER BERMAN INSTL LIODTY SER INSTL CASH FD TR CL

NBAXX

1 0000

TOTAL CASH EQUIVALENT

117,011.18

1 0000•

117,011.18

117,011.18

N/A

1,135.01

0 97

117,011.18

NIA

1,135.01

0.97

US GOVERNMENT & AGENCY

200,000

FEDERAL HOME LOAN BANK 5 00000% 12124/2014 3133XNTG4

3133XNTG4

101 5000

203,000 00

103 1918

206,383.69

3,38369

10,000 00

1.69

3133XR0J2

100 0000

200,000 00

101 9584

203,916 77

3.91677

11.000 00

1 81

410,300 .46

7,300.46

21 ,000.00

1.75

CALLABLE @ 100 00 12/24/09 JD 24

200,000

FEDERAL HOME LOAN BANK 5 50000% 07/15/2015 3133XRQJ2 CALLABLE @ 100 00 07/15/09 JJ_15 CC

TOTAL US GOVERNMENT & AGENCY

403, 000.00

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (FIXED)

GRAND TOTAL (5)

520,212 .72

527, 513.19

7,300.46

22,135.01

4.20

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (BOLTON/KSE)

7©TAL 1^Ai..U1r:Q^.ACCOUNT

5 4=3

19.02

At

501;4 4--.Q

5==

NOT AVAILABLE

TAXABLE DIVIDENDS M O N EY M KT. FUND D IV IDENDS FOREIGN TAX MLP

564.78 224.67

5,562.90 1,181.41

TOTAL LONG TERM TOTAL SHORT TERM

N/A ( 131,060.83)

Client Statement

NEUBERGER I BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (BOLTON/KSE)

Total Cost

CASH (USD Exchange Rate 1 000000000)

CASH TOTAL CASH

Quantity

Description

Ticker/Cusip

Average t1t14)^ Unit Cost

Mkt. Value

311 60

311 60

311. 60

311.60

Totalt11t41t9t Cost

Price

Mkt Value

Unrealized P/L

(2)

(10) Annual (a) Income Yield

CASH EQUIVALENT

98,249 47

NEUBERGER BERMAN INSTL LIQDTY SER INSTL CASH FD TR CL

NBAXX

1 0000

TOTAL CASH EQUIVALENT

98,249 47

1 0000'

98 249 .47

98,249 47

N/A

953 02

0.97

96 249.47

NIA

953.02

0.97

3 , 54532

335.33

3.08

180 00

2 70

EQUITIES

725

"'ABB LTD SPONSORED ADR

ABB

10 1199

7 , 33693

15 0100

10,882 25

125

ABBOTT LABORATORIES

ABT

54 0057

6,75071

53 3700

6,67125

( 7946 )

595 75

AGCO CORP APACHE CORP

485

AT&T INC

900

"'BCE INC NEW

100

BECTON DICKINSON & CO

5 1,980

AG

24 6900

14,690 55

23 5900

14,036 05

(65450)

APA

73 1960

5 , 48970

74 5300

5,58975

100.05

0 00

0 00

4500

0 81

T

25 8900

12 , 556.65

28 5000

13,822 50

BCE

18 7805

16,902 .46

20 4900

18,441.00

1 , 26585

795 40

5 75

1 , 53854

1,314.00

7.13

28 25

BDX

68 1075

6,81075

68 3900

6,83900

132 00

1 93

BERKSHIRE HATHAWAY INC CL B

BRKB

3,261 6175

16,308 09

3,214 0000

16 , 070.00

(23809)

0 00

0.00

CALPINE CORPORATION

CPN

8 . 1842

16 , 204 73

72800

14.414 40

( 1,790 33)

0 00

0 00

NEUBERGER BERMAN

Client Statement For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (BOLTON/KSE)

Quantity

Description

Ticker/Cusip

(1)(4)(9)

Average Unit Cost

Total Cost

34 .5099

13 , 458 86

Price

Mkt . Value

Unrealized P/L

(2)

(10) Annual (8) Yield Income

EQUITIES (Continued) 390

CATERPILLAR INC

475

CISCO SYSTEMS INC

100

DANAHER CORP

CAT

44 6700

17,421 30

3 ,96244

655 20

3 76

7,74250

31 97

0 00

0 00

CSCO

16 2327

7, 71053

16 3000

DHR

54 6468

5.46468

56 6100

5,661 00

196 32

12 00

0 21

17, 010 16

65 7100

17.084 60

74 44

166 40

0 97

260

DEVON ENERGY CORPORATION NEW

DVN

65 4237

100

EXXON MOBIL CORP

XOM

73 1493

7 ,31493

79 8300

7,98300

668 07

160 00

2 00

200

FISERV INC

FISV

32 8142

6 , 562.84

36 3700

7,27400

711 .16

0 00

0 00

12,563 60

3 , 34603

140 00

1 11

280

FLUOR CORP NEW

FLR

32 9199

9 ,217.57

44 8700

250

FMC TECHNOLOGIES INC

FTI

27 6243

6,906 08

23 8300

5 , 95750

( 94858 )

0 00

0 00

4,86000

348 39

372 00

7 65

300

GENERAL ELECTRIC CO

GE

15 0387

4,51161

16 2000

745

"'GOLDCORP INC

GG

18 4902

13,775 .23

31 5300

23 , 489 85

9 . 714 62

134 10

0 57

NEW

100

INTERNATIONAL BUSINESS MACHINES CORP

IBM

78 9419

7,894 19

84 1600

8 , 41600

521 81

200 00

2 38

175

ITT INDUSTRIES INC

ITT

39 7188

6 ,95079

45 9900

8.04825

1 , 097.46

122 50

1 52

23000

3 08

125

JOHNSON & JOHNSON

JNJ

58 1387

7, 267.34

59 8300

7,47875

211 .41

685

MARSH & MCLENNAN COS INC

MMC

22 2857

15,265 70

24 2700

16 , 624 95

1 , 35925

548 00

3 30

150 00

3 22

75

MCDONALDS CORP

MCD

53 9305

4 , 04479

62 1900

4,66425

619 46

NSRGY

34 4723

5, 17085

39 7000

5,955 . 00

784 15

187 50

3 15

150

"'NESTLE SA-SPONSORED ADR REPSTG REGD ORD (SF 10 PAR)

385

NSTAR

NST

32 1892

12,392 84

36 4900

14,048 65

1 , 65581

577 50

411

150

OCCIDENTAL PETE CORP

OXY

46 2756

6,941 34

59 9900

8,99850

2,05716

192 00

2 13

ORCL

15 9245

7,16603

17 7300

7, 97850

812 47

0.00

0 00

PRE

62 4199

13,732 .38

71 2700

15,679 40

1,94702

404 80

2 58

450

ORACLE CORP

220

"'PARTNERRE LTD

NEUBERGER BERM AN

Client Statement For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (BOLTON/KSE)

Quantity

Description

Ticker/Cusip

Average Unit Cost

(1)(4)(9)

Total Cost

(1)(4)(9) Price

Mkt Value

Unrealizedrn P/L

Annual (6) (10) Income Yield

EQUITIES (Continued) 220

"'POTASH CORP OF SASKATCHEWAN INC

POT

654117

14 ,390 58

73 2200

16,108 40

1 ,71782

108 90

0 68

600

POWERSHARES DB MULTI-SECTOR COMMODITY TR POWER SHARES DB

DBA

23.9206

14,352 34

26 .1800

15 ,708 00

1 ,35566

0 00

0 00

150

PRAXAIR INC

PX

57 1875

8,578 13

59 3600

8,90400

325 87

225 00

2 53

75

PG

63 5029

4,76272

61 8200

4,63650

(126.22 )

120 00

2 59

ROP

40 9427

6,141 41

43 4100

6,511 50

370. 09

49 50

0.76

"'SCHLUMBERGER LTD

SLB

45 9614

16,086 49

42 3300

14,815 50

(1,270 .99)

294 00

1 98

SPDR GOLD TR GOLD SHS

GLD

69 1299

10,715 13

86 5200'

13 ,410 60

2, 69547

0 00

0 00

SE

15 5800

16,982 22

15 7400

17,156 60

174 .38

1,09000

6.35

SYT

33 0170

15,517 99

39 1400

18,395 80

2,87781

366 60

1 99

272 00

2 88

0.00

0 00

PROCTER & GAMBLE CO

150

ROPER INDUSTRIES INC NEW

350 155 1,090 470

SPECTRA ENERGY CORP "'SYNGENTA AG SPONSORED ADR

400

TIFFANY & CO NEW

125

WATERS CORP

TIF

19 8812

7.95248

23 6300

9,45200

1,49952

WAT

39 2975

4,912 19

36.6500

4,58125

(330.94)

TOTAL EQUITIES

402 200 .99

444 375 .95

42, 174.96

9 , 579.73

2.16

GRAND TOTAL (5)

500 762.06

542 937.02

42 174. 96

10 532 . 75

1.94

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (CLEARBRIDGE)

590.89

10.6

590.89

_17 .4

TOTAL VALUE-0f;

NOT AVAILABLE CASH EQUIVALENT EQUITIES

TAXABLE DIVIDENDS MO NEY MKT. FUND DIVIDENDS

0.51 99.49

79.37 0.83

977.27 446.38

TOTAL LONG TERM TOTAL SHORT TERM

68.43 ( 10,251.82)

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (CLEARBRIDGE)

Quantity

Description

Ticker/Cusip

Average t^ll4^^l Unit Cost

Totaltltt4^l^ Cost

Price

Mkt. Value

Unrealized al P/L

Annual (6) (10) Income Yield

590 89

1 0000'

590 89

N/A

5 73

0 97

590.89

N/A

5.73

0.97

CASH EQUIVALENT 590 89

NEUBERGER BERMAN INSTL LIODTY SER INSTL CASH FD TR CL

NBAXX

1 0000

TOTAL CASH EQUIVALENT

590.89

EQUITIES 243

ANADARKO PETROLEUM CORP

190

AUTODESK INC

165

BIOGEN IDEC INC

270

BROADCOM CORP CL A

320

CABLEVISION SYSTEMS CORP-CL A CABLEVISION NY GROUP COM

690

COMCAST CORPORATION NEW SPL CLASS A

95

"'COVIDIEN LIMITED

85

CREE INC

75

DOLBY LABORATORIES INC CL A

240

FOREST LABORATORIES INC

155

GENZYME CORP-GENERAL DIVISION GENERAL DIVISION

85

L-3 COMMUNICATIONS HOLDINGS INC

38 5500

9.36765

(3,586 71)

87 48

0 93

7,334.99

19 6500

3,733 50

(3,601 49)

0 00

0 00

10,050 15

47.6300

7,85895

(2,191 20)

0 00

0 00

5,991 30

16 9700

4,581 90

(1,409 40)

0 00

0 00

24 9274

7,976 77

16 8400

5,388 80

(2,587 97)

128 00

2 38

CMCSK

175800

12,130.20

16 1500

11,143.50

(98670)

172 50

1 55

COV

42 6000

4,04700

36 2400

3,442 80

(60420)

60 80

1.77

APC

53 3101

ADSK

36 6052

BIIB

60.9100

BRCM

22 1900

CVC

12,954 36

CREE

24 7976

2,10780

15.8700

1,348.95

(758.85)

0.00

0 00

DLB

30.6833

2,301 25

32.7600

2,457.00

155 75

0.00

0 00

FRX

41 7700

10,024 80

25 4700

6,11280

(3.912 00)

0 00

0 00

GENZ

74 8256

11,597 96

66 3700

10,287 35

(1.310 61)

0 00

0 00

LLL

106 0388

9,01330

73 7800

6,271 30

(2,742 00)

102 00

1 63

Client Statement

NEUBERGER BERMAN

For the period 11/29/2008 to 12/31/2008 MARK AND STEPHANIE MADOFF FOUNDATION (CLEARBRIDGE)

Quantity

Description

Ticker/Cusip

Average tl^l4t^t Unit Cost

Total (1)(4)(9) Cost

Price

Mkt Value

Unrealized P/L

(2)

8) (10) Annual ( Income Yield

EQUITIES ( Continued) LIBERTY GLOBAL INC CLASS A

LBTYA

39 6538

1.98269

15 9200

796 00

( 1,186 69)

0.00

0 00

260

LIBERTY MEDIA CORPORATION SERIES A LIBERTY ENTERTAINMENT

LMDIA

23 0302

5 ,98786

17 4800

4, 54480

( 1,443 06)

0 00

0 00

635

LIBERTY MEDIA HOLDING CORPORATION INTERACTIVE SER A

LINTA

15 7800

10,020 30

3 1200

1, 981 20

(8,039.10)

0 00

coo

260

LIBERTY MEDIA HOLDING

LCAPA

15 0556

3,91447

47100

1,22460

(2.689 87 )

0 00

0 00

NOV

53 7736

4, 839 63

244400

2,199 60

(2,640 03)

0 00

0 00

50

CORPORATION CAPITAL SER A 90

NATIONAL-OILWELL VARCO INC

160

PALL CORP

270

SANDISK CORP

PLL

37.4919

5 , 99870

28.4300

4,54880

(1,449 90)

83 20

1 83

SNDK

24.4073

6 ,58996

96000

2,59200

( 3,997 96 )

0 00

0.00

375

"'SEAGATE TECHNOLOGY

STX

21 3300

7,998 75

44300

1,661 25

( 6,337 50 )

172 50

10 38

245

'**TYC0 ELECTRONICS LTD

TEL

32 9500

8 ,072 75

16 2100

3,971 45

(4,101 30 )

'47 00

3 70

255

"'TYCO INTERNATIONAL LTD

TYC

39 5105

10 ,075 18

21 6000

5,50800

(4,56718)

178 50

3 24

370

UNITEDHEALTH GROUP INC

UNH

45 6128

16,876 75

26 6000

9 , 84200

(7,034. 75)

11.10

0.11

30 8746

10,188 62

10 8200

3,57060

(6.618 02 )

0.00

0 00

330

"'WEATHERFORD INTERNATIONAL LTD NEW(BERMUDA)

WFT

TOTAL EQUITIES

188,075.54

114 ,434.80

( 73,640 . 74)

1,143.08

1.00

GRAND TOTAL (5)

188 , 666.43

115,025 .69

( 73, 640.74)

1,148.81

1.00

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

FORM 990PF,

26-1445331

PART III - OTHER DECREASES IN NET WORTH OR FUND BALANCES

AMOUNT ------

DESCRIPTION -----------

COST BASIS ADJUSTMENT TOTAL

583. -------------583. --------------

STATEMENT X0576 2000

9

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

------------------------------------------STATE(S) WHERE THE FOUNDATION IS REGISTERED NY

STATEMENT XD576 2000

10

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES ----------------------------------------------------------------OFFICER NAME: MARK MADOFF ADDRESS: 158 MERCER ST 10012-3212 NEW YORK, NY TITLE: PRESIDENT AVERAGE HOURS PER WEEK DEVOTED TO POSITION:

12

OFFICER NAME: STEPHANIE MADOFF ADDRESS: 158 MERCER ST NEW YORK, TITLE:

NY

10012-3212

SECRETARY AVERAGE HOURS PER WEEK DEVOTED TO POSITION:

12

OFFICER NAME: ANDREW MADOFF ADDRESS: 400 EAST 84TH STREET, APT 36-B NEW YORK, NY 10028-5613 TITLE: TREASURER AVERAGE HOURS PER WEEK DEVOTED TO POSITION:

11

STATEMENT XD576 2000

11

THE MARK AND STEPHANIE MADOFF FOUNDATION - EIN: 26-1445331 FORM 990PF, PART XV, LINE 3 - CONTRIBUTIONS, GIFTS, GRANTS PAID Date of Distribution 1/7/2008

Chari Hertzberg Palliative Care Institute

Address One Gustave L. Levy Place P O. Box 1070

City, State , Zip New York, NY 10029-6574

Status Public

Purpose Amount $2,000.00 Support of charitable mission

1/10/2008 3/17/2008 4/8/2008 6/2/2008 7/24/2008

The Nightingale Bamford School Cancer 101 Inc. Bottomless Closet The Public Theater Cystic Fibrosis Foundation

20 East 92nd Street 250 West 10th Street, Suite 4E 545 Eighth Avenue 425 Lafayette Street 220 North Main Street, Suite 104

New York, NY 10128 New York, NY 10011 New York, NY 10018 New York, NY 10003 Natick, MA 01760

Public Public Public Public Public

Support of charitable Support of charitable Support of charitable Support of charitable Support of charitable

mission mission mission mission mission

$10,000.00 $2,500.00 $10,000.00 $50,000.00 $5,800.00

Greenwich Hospital

5 Perryridge Road

Greenwich, CT 06830-9795

Public

Support of charitable mission

$10,000.00

10/28/2008

Special Olympics of Connecticut

2666 State Street, Suite 1

Hamden, CT 06517-2232

Public

Support of charitable mission

$1,700.00

12/2/2008

Association of Community Employment

113 Spring Street

New York, NY 10012

Public

Support of charitable mission

$2,000.00

12/3/2008

The Nightingale Bamford School

20 East 92nd Street

New York, NY 10128

Public

Support of charitable mission

$12,500.00

9/9/2008

$106,500.00

STATEMENT 12

SOHEDULE D (Form

1041)

Department of the Treasury Internal Revenue Service

OMB No. 1545-0092

Capital Gains and Losses

2008

^ Attach to Form 1041, Form 5227, or Form 990-T. See the separate instructions for Form 1041 (also for Form 5227 or Form 990-T, if applicable).

Name of estate or trust

Employer identification number

MARK AND STEPHANIE MADOFF FOUNDATION Note: Form 5227 filers need to complete only Parts I and 11.

I

26-1445331

Short-Term Capital Gains and Losses - Assets Held One Year or Less ( a) Description of property (Example 100 shares 7% preferred of 'Z' Co.)

( b) Date acquired (mo., day, yr.)

( c) Date sold (mo., day, yr.)

( d) Sales price

( e) Cost or other basis ( see page 4 of the instructions )

( f) Gain or (loss) for the entire year Subtract ( e) from (d)

la

b Enter the short-term gain or (loss), if any, from Schedule D-1, line 1b , , , , , , , , , , , , , , , , , , , , 2

lb

Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824 , , , , , , , , , , , , , , , ,

2

Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . . .. . . . . Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2007 Capital Loss Carryover Worksheet . . . . . .. .. .. . . . . . . . . . . . . .. . .. . ... . . . . . . . . .. . . . . 5 Net short-term gain or (loss). Combine lines la through 4 in column (f). Enter here and on line 13, column (3) on the back . ^ ff^ Long -Term Capital Gains and Losses - Assets Held More Than One Year

3

3 4

(a) Description of property (Example 100 shares 7% preferred of 'Z' Co

(b) Date acquired (mo., day, yr.)

( c) Date sold (mo., day, yr)

( d) Sales price

-300 , 144

343

4

5

-299 , 801

(e ) Cost or other basis ( see page 4 of the instructions)

( f) Gain or ( loss) for the entire year Subtract (e) from (d)

6a

b Enter the long-term gain or (loss), if any, from Schedule 0-1, line 6b, , , , , , , , , , , , , , , , , , , , ,

6b

7

Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824

, , , , , , , , , , , , ,

7

8

Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts , , , , , , , , ,

8

513

9

Capital gain distributions . . . .. .. . . ... . . . . . . . . . . . .... .. . . . . . . . .. . . . . . .

9

538

Gain from Form 4797, Part I . . . . . . . . . . . . . . . . . .. . . .... ... . . . . . . .. . . . . . . Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2007 Capital Loss Carryover Worksheet . . . . . .. . . . . . .. . . .. . . . . . . . .. .. . .. . . . . . . . . . . . . .. . Net long -term gain or (loss). Combine lines 6a through 11 in column (f). Enter here and on line 14a, column (3) on the back . ^

10

10 11 12

For Paperwork Reduction Act Notice, see the Instructions for Form 1041.

11

)

(

1 , 051

12

Schedule D (Form 1041) 2008

JSA SF1210 2.0on

29

Schedule D ( Form 1041 ) 2008

Page 2

Summary of Parts I and 11 Caution : Read the instructions before completing this part. 13 14

Net short-term gain or ( loss) ..... . Net long-term gain or ( loss): a Total for year . . . .. . . .. ... .. . b Unrecaptured section 1250 gain (see line c 28% rate gain . . .... . .. . . . .. .

15

... ... .. . .... . . . . . . . . . . . . . . 18 of the wrksht.). . .. . . . . . .. . ..

Total net gain or (loss). Combine lines 13 and 14a

..... , .

^

(1) Beneficiaries ' ( see page 5 )

( 2) Estate's or trust's

(3) Total

13

-299 , 801.

14a 14b 14c

1 , 051.

15

-298 , 750.

Note : If line 15, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part 1, line 4a) If lines 14a and 15, column (2), are net gains, go to Pa rt V, and do not complet e Pa rt IV If line 15, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as necessary

16

Loss Limitation Enter here and enter as a (loss) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of:

16 ( . a The loss on line 15, column (3) or b $3,000 . . 3 , 000) Note: if the loss on line 15, column (3), is more than $3,000, or if Form 1041, page 1, line 22 (or Form 990•T, line 34), is a loss, complete the Capital Loss Carryover Worksheet on page 7 of the instructions to figure your capital loss carryover

Tax Computation Using Maximum Capital Gains Rates Form 1041 filers. Complete this part only if both lines 14a and 15 in column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041, line 2b(2), and Form 1041, line 22, is more than zero. Caution: Skip this part and complete the worksheet on page 8 of the instructions if. • Either line 14b, col. (2) or line 14c, col. (2) is more than zero, or • Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero. Form 990-T trusts. Complete this part only if both lines 14a and 15 are gains, or qualified dividends are included in income in Part I of Form 990-T, and Form 990-T, line 34, is more than zero. Skip this part and complete the worksheet on page 8 of the instructions if either line 14b, col. (2) or line 14c, col. (2) is more than zero. 17 18 19

Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) Enter the smaller of line 14a or 15 in column (2) 18 but not less than zero . . .. ..... . . . . . Enter the estate's or trust's qualified dividends

. .

17

22 23

from Form 1041, line 2b(2) (or enter the qualified dividends included in income in Part I of Form 990-T) . ,

19

20

Add lines 18 and 19

20

21

If the estate or trust is filing Form 4952, enter the

22 23

21 amount from line 4g; otherwise, enter -0- . . ^ Subtract line 21 from line 20. If zero or less, enter -0- . . . . . . . . . . . Subtract line 22 from line 17. If zero or less, enter -0- . . . . ..... . . ,

24 25

26 27

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

24

Enter the smaller of the amount on line 17 or $2,200 , . .. . . . .. .. , Is the amount on line 23 equal to or more than the amount on line 24? Yes. Skip lines 25 and 26; go to line 27 and check the "No" box. . . .. . .. . . . . .. No. Enter the amount from line 23 . Subtract line 25 from line 24 . . .. . . . . . . . . . . . . . ... ... . . Are the amounts on lines 22 and 26 the same?

E

❑ Yes. Skip lines 27 thru 30, go to line 31

❑

25 26

NO. Enter the smaller of line 17 or line 22

L2 7

28

Enter the amount from line 26 (If line 26 is blank, enter -0-) . . .... . . . .

29 30 31

Subtract line 28 from line 27 Multiply line 29 by 15% (. 15) . Figure the tax on the amount the Schedule G instructions) .

32 33 34

. . . . . . . . on line . .. .

Add lines 30 and 31 Figure the tax on the amount on line the Schedule G instructions) . . . .. Tax on all taxable income . Enter Schedule G, Form 1041 (or line 36 of

. .. . . . . . . . 23. Use . .. . .

. . . . the . .

. . . 17. Use the . . . . . . . the smaller Form 990-T)

28

29 . . .. . .. . ... . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . 2008 Tax Rate Schedule for Estates and Trusts (see . . . . . .. . ... . ... . . . . . . . . . . . . . . . . .... . ... .. . 2008 Tax Rate Schedule . . . . .. . . ... .. . of line 32 or line 33 . . . ...

. . . . . .. . . for Estates and . .. . . . . . . here and on

. . . . . Trusts (see . . . . . line la of

30 31 32 33 34 Schedule D (Form 1041) 2008

JSA 8F 1220 2 000

30

-

Continuation Sheet for Schedule D

SCHEDULE D-1

(Form 1041) Department of the Treasury Internal Revenue Service

OMB No. 1545-0092

(Form 1041) ^ See instructions for Schedule D (Form 1041). ^ Attach to Schedule D to list additional transactions for lines 1 a and 6a.

2008

Name of estate or trust

Employer identification number

MARK AND STEPHANIE MADOFF FOUNDATION Short-Term Capital Gains and Losses - Assets Held One Year or Less

26-1445331

( a) Description of property ( Example 100 sh 7% preferred of "Z" Co .)

la .

( b) Date acquired (mo, day, yr.)

(c) Date sold (mo., day, yr.)

( d) Sales price (see page 4 of the instructions)

(e) Cost or other basis ( see page 4 of the instructions)

(f) Gain or (loss) Subtract (e) from (d)

SEE ATTACHED

12 / 31 / 2008

i Total . Combine t ht For Paperwork Reduction Act Notice, see the Instructions for Form 1041. JSA

le D, line lb

-300 , 144.00

. I -300,144.00 Schedule D-1 (Form 1041) 2008

BF1221 2000

31

MARK AND STEPHANIE MADOFF FOUNDATION 59303364

26-1445331

GAINS AND LOSSES FROM PASS-THRU ENTITIES ---------------------------------------NET SHORT-TERM GAIN (LOSS) AND OTHER FIDUCIARIES PARTNERSHIPS,

TRUSTS,

FROM PARTNERSHIPS,

S CORPORATIONS

TOTAL NET SHORT-TERM GAIN OR LOSS

NET LONG-TERM GAIN (LOSS) AND OTHER FIDUCIARIES PARTNERSHIPS,

TRUSTS,

S CORPORATIONS

(ROUNDED)

FROM PARTNERSHIPS,

343.00 ----------------------343.00

S CORPORATIONS

S CORPORATIONS

TOTAL NET LONG-TERM GAIN OR LOSS

(ROUNDED)

513.00 ----------------------513.00

STATEMENT X0576 2000

32

1

E

CAPITAL GAINS SCHEDULE PAGE FROM Jan 01,

FISCAL YEAR END TAX EXEMPT CODE DENOMINATED IN REPORT RUN DATE

-

2008 TO Dec

31,

12/31 Y U S. Dollars Apr 21, 2009

---- PURCHASE ----- -----SALE- ------PRICE ADJUSTED BASIS UNITS DATE PRICE DATE FIX RATE MNY CURR FX RATE ORIGINAL COST ORIG FACE

DESCRIPTION

--------------------------FEDERAL FARM CRE

05/21/08

25.05

11/12/08

----- --------------------100,000:000

01/17/08

100.00

04/22/08

22

PROCEEDS

SECURITY GAIN/LOSS

IND CURRENCY G/L DISCOUNT INC

G A I N S

C A P I T A L BANK AMER CORP 4,000.000 DEPOSITARY SH REPSTG -- -- ---------- -- - - -- - -- - ----- - -- -----------------SECTION TOTAL 4,000

32

89,279

100,200.00

50

--- --------------------------100,200.00

----- ------------------------89,279.50

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

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

100.00

100,000.00 100,000.00

100,000

00

- - - -- 100,000

00

-10,920.50

ST

--- ----------------------- --- ---------------------------10,920 50 ST 0.00 LT --- ----------------------- -- --------------------------0.00

5.00000% 07/22/2015 CALLED @ 100 00 04/2 -------------SECTION TOTAL

----- --------100,000

-- ---------- --100,000.00 100,000 00

-

0.00 ST 0.00 LT

THIS REPORT IS INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY _____=

UNLESS

1

2008

IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS

FIRM

=_____

CAPITAL GAINS SCHEDULE PAGE FROM Jan 01,

2008 TO Dec 31,

----PURCHASE----- -----SALE -------PRICE ADJUSTED BASIS UNITS DATE PRICE DATE FX RATE ORIGINAL COST ORIG FACE FX RATE MNY CURR

DESCRIPTION

2

2008

PROCEEDS

SECURITY GAIN/LOSS

IND CURRENCY G/L DISCOUNT INC

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

IND LEGEND WO SS ST MT LT

=_

_= ACCOUNT TOTALS

- WRITTEN OPTION - SHORT-SALE - SHORT TERM - MEDIUM TERM - LONG TERM

p s

-

b

-

SHORT TERM

ZERO GAIN/LOSS

PROCEEDS

GAIN/LOSS

00

89,279.50

-10,920.50

0.00

0.00

COST 100,200

LONG TERM

PURCHASE INCLUDES OPTION PREMIUM SALE INCLUDES OPTION PREMIUM PURCHASE & SALE INCLUDES OPTION PREMIUM

THIS REPORT IS

==

ITEMS

TOTALS

100,000

00

200,200.00

0

00

100,000.00 189,279

50

-10,920.50

TOTAL CURRENCY GAINS

0.00

TOTAL SHORT SALE P&L

0.00

TOTAL DISCOUNT

0.00

INCOME

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM =_____

CAPITAL GAINS SCHEDULE PAGE2008

FROM Jan 01,

FISCAL YEAR END TAX EXEMPT CODE DEN OMINATED IN REPORT RUN DATE -

DESCRIPTION

TO Dec 31,

12/31 N U.S. Dollars Apr 21, 2009

---- PURCHASE ----- -----SALE- ------PRICE ADJUSTED BASIS PRICE DATE UNITS DATE ORIGINAL COST FX RATE FX RATE MNY CURR ORIG FACE C A P I T A L

429.000 ***ABB LTD SPONSORED ADR 153.000 ***HYPO REAL EST AG SPONSORED ADR 38.000 ***PETROLEO BRAS (PETROBRAS)-SPONSORE 93 000 ***RWE AG-SPONSO REPSTG ORD DM 50 PAR 89 000 ***PETROPLUS HOL 24.000 ***UNIBANCO-UNIA BRASILEIROS S A-GDR & 1 PFD CL B UNIBANC 173.000 ***YAMANA GOLD I 68.000 ***KOMATSU LTD-S NEW 23 000 *SAME AS ABOVE* 531 000 ***NORSK HYDRO A 212.000 ***INTESA SANPAO SPONSORED ADR REPSTG 224.000 ***ROYAL BK SCOT SPONSORED ADR REPSTG 1,115.000 *SAME AS ABOVE* 46 000 ***PETROLEO BRAS (PETROBRAS)-SPONSORE 39.000 ***ETABLISSEMENT FRERES ET CIE LE LIO SPONSORED ADR 54.000 *SAME AS ABOVE* 385.000 ***FIAT S P A SPONSORED ADR REPSTG 276.000 ***ASML HOLDING NEW YORK REGISTRY SH ADR NEW 76 000 ***MILLECOM INTE CELLULAR SA NEW 140.000 ***FORDING CANAD TRUST UNITS THIS REPORT IS _____=

PROCEEDS

SECURITY IND CURRENCY G/L DISCOUNT INC GAIN/LOSS

G A I N S

02/06/08

24.23

02/13/08

23.02

10,394.67

9,874.27

-520.40

02/06/08

27.75

02/15/08

25.58

4,245.75

3,913.60

-332.15 ST

02/06/08

90.07

02/15/08

94

93

3,422.47

3,607.12

02/06/08

124.85

02/22/08

118.05

11,611.05

10,978.72

02/06/08 02/06/08

62.65 118.63

02/27/08 02/29/08

72 139

00 80

5,575.85 2,847 12

6,408.00 3,355.06

832.15 ST 507.94 ST

02/06/08 02/06/08

15 12 96.74

03/06/08 03/10/08

18.84 95.75

2,616 07 6,578.32

3,260.13 6,510.93

644.06 ST -67.39 ST

02/13/08 02/06/08 02/06/08

88.48 12.30 40 50

03/10/08 03/25/08 04/16/08

95 75 12.91 45.15

2,035 04 6,531.30 8,586.00

2,202.22 6,857 41 9,570 96

167 18 ST 326.11 ST 984.96 ST

93

05/12/08

6.76

1,776

16

1,513.42

-262.74

ST

02/06/08 02/06/08

7.38 45.03

05/12/08 05/22/08

6.76 61.05

8,230.82 2,071.50

7,533 34 2,808.33

-697 48 736.83

ST ST

02/06/08

75

28

06/16/08

76.08

2,935.81

2,967.05

31.24

ST

02/06/08 02/06/08

75 21

28 85

06/19/08 06/26/08

70.73 16 15

4,064.97 8,412.25

3,819.40 6,215.79

-245.57 ST -2,196.46 ST

02/06/08

25.30

07/10/08

22.64

6,982.80

6,249.10

02/06/08

107.18

07/28/08

74.38

8,145.68

5,652.46

02/06/08

45.78

07/30/08

86.16

6,409.61

02/25/08

7

1

2008

12,062

34

184

ST

65

ST

-632.33

ST

-733.70

ST

-2,493.22 ST 5,652.73

INTEN DED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLE SS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

ST

CAPITAL GAINS SCHEDULE PAGE• 2008

FROM Jan 01,

---- PURCHASE ----UNITS DATE ORIG FACE ***JRjX

CORP

SPONSORED *SAME

AS

***NOKIA 5

31,

ABOVE* CORPORA

----- SALE --------

PRICE DATE FX RATE MNY CURR

PRICE ADJUSTED BASIS ORIGINAL COST FX RATE

PROCEEDS

SECURITY GAIN/LOSS

IND CURRFNCY G/L CISC' C'd"' ST

76.000

02/ 06/08

72.66

08/19/08

59

08

5,522.16

4,489.71

-1,032.45

28.000 341.000

02 / 12/08 02 /06/08

68.68 34 98

08/19/ 08 09/08 /08

59.08 19.40

1,923.09 11, 928.18

1,654.11 6,615.29

-268.98 ST -5,312.89 ST

121.000

02/15/08

50.59

09/15/08

31.20

6,120.99

3,775.17

-2,345.82 ST

96.000

02/06/08

74

65

09/30/08

49

7,166.40

4,705.22

-2,461.18 ST

49.000

02/06/08

140.83

10/22/08

70.53

3,455

-3,444

204.000

02/06/08

51

33

10/31/08

18.40

240.000

02/26/08

35

65

11/06/08

18

82

8,556

68.000 115.000

03/11/08 02/06/08

32.15 70 79

11/06/08 11/06/08

18.82 52.19

2,186 8,141

678.000

02/06/08

16.93

11/06/08

10.10

41.000

08/05/08

36.43

11/06/08

21

237.000 250.000 169.000

06/19/08 02/06/08 02/06/08

34 12 64.09 67.64

109.000 204.000 1,184.000

02/06/08 02/06/08 06/26/08

148.000

REPSTG

PAR

***GAZPROM 0 A 0 SPONSORED ADR REG S ***CHINA MOBILE SPONSORED ADR ***POTASH CORP 0 INC ***BT GROUP PLC ADR ***AXA-UAP-SPONS (FORMERLY AXA SA) *SAME AS ABOVE* ***BRITI5H AMERI PLC SPONSORED ADR ***BANCO SANTAND HISPANO S A-ADR ***BAE SYSTEMS P SPONSORED ADR *SAME AS ABOVE* ***BP P L C SPON ***BHP BILLITON SPONSORED ADR ***BAYER AG-SPON ***BRIDGESTONE C ***COMPASS GROUP SPONSORED ADR NEW ***CANADIAN PACI LTD ***CANON INC-ADR REPSTG 5 SHS *SAME AS ABOVE* ***ENI S P A SPO REPRESENTING 5 ORD

***E ON AG SPONSORED ADR ***ENEL SOCIETA UNSPONSERED ADR ***GDF SUEZ SPONSORED ADR ***ITOCHU CO1?P-A ***LLOYDS TSB GR

01

6,900

67

81

86

ST

3,754.55

-6,716.77 ST

62

4,516.77

-4,039.85 ST

21 00

1,279.75 6,001.81

-906.46 ST -2,139.19 ST

11,478.54

6,847.90

-4,630.64

ST

20

1,493.45

869.19

-624.26

ST

11/06/08 11/06/08 11/06/08

21.20 46 88 35 47

8,085 61 16,022.50 11,431.16

5,024.37 11,719.93 5,994.64

80.85 33 00 7.53

11/06/08 11/06/08 11/06/08

51 33 4

55 00 40

8,812.65 6,732.00 8,909 60

5,618.91 6,731.96 5,209 57

09/10/08

56

98

11/06/08

42.58

8,433.68

6,301

38.000

03/11/08

44.78

11/06/08

31

1,701

65

1,206.09

-495.56 ST

150 000 131.000

02/06/08 05/22/08

41 05 84.03

11/06/08 11/06/08

31.74 43 23

6,157 50 11,007.45

4,760.88 5,663.09

-1,396 62 ST -5,344.36 ST

63.45 11/06/08

37 70

12,563.10

7,464.55

-5,098.55 ST

6.60

10,739.52

6,533.96

-4,205.56 ST

198 000 02/06/08

74

10,471.32

76

-3,061.24 ST -4,302 57 ST -5,436 52 ST -3,193.74 -0.04 -3,700 03

ST ST ST

-2,131

ST

92

990.000

02/06/08

10

85

11/06/08

149

000

07/29/08

63.83

11/06/08

42

50

9,510.07

6,332.46

-3,177.61 ST

80 000 319.000

02/06/08 09/29/08

91.90 16.55

11/06/08 11/06/08

50 11

86 39

7,352.00 5,278 59

4,068.77 3,634 56

-3,283.23 -1,644 03

THIS REPO RT IS _____=

2

2008

ADR

SPONSORED ADR FM

TO Dec

INTENDED TO BE AN INTERNAL WORKSH EET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFI CIAL RECORDS OF THIS FIRM

ST ST

CAPITAL GAINS SCHEDULE PAGE• 2008

FROM Jan 01,

DESCRIPTION

SPONSORED ADR ***MITSUBISHI UF INC SPONSORED ADR ***MITSUBISHI ES ADR ***NATIONAL BK 0 SPONSORED ADR ***NINTENDO CO L ***NESTLE SA-SPO REPSTG REGD ORD (SF ***PETROLEO BRAS (PETROBRAS)-SPONSORE ***REED ELSEVIER AMERICAN DEPOSITARY *SAME AS ABOVE* ***ROCHE HOLDING SPONSORED ADR REPSTG ***SUN HUNG KAI SPONSORED ADR ***SMITH & NEPHE SPONSORED ADR NEW *SAME AS ABOVE* ***SIEMENS A G SPONSORED ADR ***SEKISUI HOUSE SPONSORED ADR *SAME AS ABOVE* ***SOCIETE GENER

TO Dec 31,

----PURCHASE----- -----SALE -------PRICE ADJUSTED BASIS UNITS DATE PRICE DATE ORIGINAL COST ORIG FACE FX RATE MNY CURR FX RATE

894

000

04/16/08

9

80

11/06/08

34

000

02/06/08

245

75

11/06/08

790.000

02/06/08

11

89

11/06/08

169.000 217 000

02/06/08 03/13/08

54 49

85 77

11/06/08 11/06/08

39.90 38.45

124.000

02/06/08

45.03

11/06/08

20

42.000

03/11/08

50.80

11/06/08

32.20

124 000 114.000

03/05/08 02/06/08

50 08 89.10

11/06/08 11/06/08

32 69

588.000

02/06/08

18

00

11/06/08

108.000

02/13/08

66.77

11/06/08

63.000 114.000

08/19/08 02/06/08

59.18 126 34

11/06/08 11/06/08

000

05/16/08

10

74

11/06/08

213.000 381 000

05/12/08 03/25/08

10.15 20 18

11/06/08 11/06/08

8 11

764.000

02/06/08

9.27

11/06/08

7

144.000 406.000 56.000

02/06/08 02/06/08 10/22/08

84.39 23.45 69 01

44.000

02/06/08

118.63

246.000

10/13/08

23

390

000

02/06/08

25

317

000

02/06/08

645

6

18

176.10 4

30

PROCEEDS

SECURITY GAIN/LOSS

IND CURRENCY G/L DISCOUNT INC

8,757.80

5,524.88

-3,232.92 ST

8,355

50

5,987

36

-2,368.14

9,393

37

3,396

98

-5,996

ST

39 ST

9,269.65 10,801.05

6,743.06 8,343.60

-2,526.59 ST -2,457.45 ST

5,584.03

2,510.98

-3,073

2,133

60

1,352.32

6,210 27 10,157.40

3,992 57 7,911.55

-2,217.70 ST -2,245.85 ST

8.00

10,584

00

4,703.97

-5,880.03

40

07

7,211

07

4,327.08

-2,883.99 ST

40 54

07 66

3,728.55 14,402 76

2,524.13 6,231.18

-1,204.42 ST -8,171.58 ST

8.21

6,928.59

5,295.42

-1,633

21 59

2,161 95 7,689.68

1,748.72 4,415 76

-413.23 -3,273.92

29

7,084.91

5,569.52

-1,515.39 ST

11/06/08 11/06/08 11/06/08

53 00 15.80 65 89

12,152.16 9,520.70 3,864 68

7,631 95 6,414.76 3,689.81

-4,520 21 ST -3,105 94 ST -174.87 ST

11/06/08

58

54

5,219

2,575

74

-2,643.98

ST

81

11/06/08

22

29

5,858.17

5,483.32

-374.85

ST

00

11/06/08

17

15

9,750

00

6,688

-3,061.54

ST

15.12

11/06/08

4

77

4,793

25

20 40

05

ST

-781.28

ST

ST

17 ST ST ST

SPONSORED ADR ***TAIWAN SEMICO LTD-SPONSORED ADR RE ***TELEFONICA S ***TESCO PLC-SPO ***TOYOTA MOTOR

REPSTG 2 COM ***UNIBANCO-UNIA BRASILEIROS S A-GDR & 1 PFD CL B UNIBANC ***UNILEVER PLC SPONSORED ADR NEW ***UNITED OVERSE SPONSORED ADR ***YAMANA GOLD I

*SAME AS ABOVE*

122 000 04/16/08

15.05 11/06/08

***PETROLEO BRAS (PETROBRAS)-SPONSORE

195.000

22.92

THIS REPORT IS

11/10/08

11/26/08

4.77 17

23

3

2008

72

46

61

1,512.08

1,835 71

581.93

4,470.12

3,359.83

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURAC UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

-3,281.53 ST -1,253.78 ST -1,110 29 ST

CAPITAL GAINS SCHEDULE PAGE: FROM Jan 01,

PROCEEDS

----- --------17,905

-- -------------516,018.00

---------------368,107.39

-------------- -- --------------147,910.61 ST

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

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

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

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

5,769.36

0.00 aaaxaa¢aaxaaaa

***HONG KONG EXC CLEARING LTD US LIST

FEDERAL HOME LOA

317.000 02/06/08

21.57 05/22/08 7.8022

18.20

6847.20

SECURITY IND CURRENCY G/L GAIN/LOSS DISCOUNT INC

oovma ¢= cvaaa=n

¢= =caa==.v°=a=o -

a¢aaxa _ - ¢a._. _•- aaca

18,222

516,894.42

373,876.75

a a C a a = x x C ¢ x = a C

x CC a a c a = _ = x ¢ _ = x

a x a v xv =_ ¢ x _ ¢ xx a =

=aaaCa¢xaa====

100,000.00 100,000.00

100,000.00

0.00

=¢==a s========

aa °=¢=a°aaca°ax=

===C==s°=aa == x=¢

100,000

100,000.00 100,000.00 =x c______==xoaaa

100,000.00

SECTION TOTAL a as C = Ca = = = C C = ¢

4

2008

----PURCHASE----- -----SALE-------PRICE ADJUSTED BASIS PRICE DATE UNITS DATE ORIGINAL COST FX RATE MNY CURR FX RATE ORIG FACE

DESCRIPTION

=.=^axaaa¢xa¢¢

2008 TO Dec 31,

100,000.000 05/20/08

100.00

12/11/08

100.00

--

--------- - -- --1,077.84

a=

-147,910.61 ST 0.00 LT

¢.=a=ex===as^a

-1,077.84

_=

as a c¢ _ _-- _ _ __

xc_eae¢x=aaavx

x=

¢ xo¢aae¢aov=n=

0.00

ST

3.70000% 06/03/2011 CALLED @ 100.00 12/1 =a=aa=a===c=== SECTION TOTAL aac=x=a=x¢x=aa

x. .== ¢= xc=aa=¢

C A S H

= a ¢ _ =a a ° a v a a = _

L I E U

..... . ... . .

=== === aaa=====____

05/30/08

1.00

0.00

4.20

4.20 LT

07/11/08

1.00

0.00

22.43

22.43 LT

08/19/08

1.00

0.00

8.68

8.68 LT

-- --------- -- -- 0.00

------ -- ------- 35.31

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

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

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

---- --- -- -- --0.00 35.31 --------------

= a = aa ^ xC xax

_

***NATIONAL BK 0 4.200 SPONSORED ADR ***NESTLE SA-SPO 22.430 REPSTG REGD ORD (SF ***TAIWAN SEMICO 8.680 LTD-SPONSORED ADR RE ----- --------35

SECTION TOTAL

I DJ

0.00 LT a=a=x=c=aa==

_ .

c a a Ca = x ¢ a a a = = =2 x

= = x x ^^ _ ^^ a x = = x x =

35

0.00

35.31

a==== aac=xsa==

---==--caa=x_ xc e__-

^^a a as = . a. _

-- - ------------ST LT /. -- -------------= a

= _ = 5.^. __ = C a a xa a

0.00 ST

35.31 LT ea=vxa==xx = aa=

--Ca

_

__a=.

aa¢

=aax THIS REPORT IS INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY a=a=== =aaa== UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

eava¢=C CCCC CC

CAPITAL GAINS SCHEDULE PAGE: FROM Jan 01,

2008 TO Dec 31,

5

2008

----PURCHASE----- -----SALE-------UNITS DATE ORIG FACE

r

PRICE DATE FX RATE MNY CURR

PRICE ADJUSTED BASIS ORIGINAL COST FX RATE

SECURITY IND CURRENCY G/L GAIN/LOSS DISCOUNT INC

PROCEEDS

savaa = vvcccx aaaa=aa===masa=aa=asa aavsx=aaa=acaaec=== xxv=avxaevvxva=ax==a=xxaeaavc = x=eaaa

IND LEGEND WO SS ST MT LT

-

=_

WRITTEN OPTION SHORT-SALE SHORT TERM MEDIUM TERM LONG TERM

p - PURCHASE INCLUDES OPTION PREMIUM s - SALE INCLUDES OPTION PREMIUM b - PURCHASE & SALE INCLUDES OPTION PREMIUM

_= ACCOUNT TOTALS

SHORT TERM

LONG TERM ZERO GAIN/LOSS

ITEMS

TOTALS TOTAL CURRENCY GAINS

COST

PROCEEDS

GAIN/LOSS

516,018.00

368,107.39

-147,910.61

0.00

35.31

35.31

100,876.42

105,769.36

616,894.42

473,912.06

-147,875.30 •

-1,077.84

TOTAL SHORT SALE P&L

0.00

TOTAL DISCOUNT INCOME

0.00

==== THIS REPORT IS INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM =_____ ===__=

CAPITAL GAINS SCHEDULE PAGE•

FROM Jan 01,

FISCAL YEAR END TAX EXEMPT CODE DENOMINATED IN REPORT RUN DATE -

DESCRIPTION

2008 TO Dec 31,

12/31 N U.S. Dollars Apr 21, 2009

----PURCHASE----- -----SALE-------PRICE DATE PRICE ADJUSTED BASIS UNITS DATE FX RATE MNY CURR ORIGINAL COST ORIG FACE FX RATE C A P

ARCH COAL INC WELLPOINT INC HUDSON CITY BANC *SAME AS ABOVE* VISA INC CL A NEWS CORPORATION CLASS A ANHEUSER BUSCH C BUNGE LTD ANHEUSER BUSCH C LIBERTY MEDIA HO CORPORATION CAPITAL MARSHALL & IISLE NEW *SAME AS ABOVE* *SAME AS ABOVE* LEGG MASON INC *SAME AS ABOVE* NATIONAL-OILWELL ALTRIA GROUP INC BRISTOL MYERS SQ INTL FLAVORS & F ARCH COAL INC AGILENT TECHNOLO *SAME AS ABOVE* ENDO PHARMACEUTI NIKE INC-CL B HUDSON CITY BANC PEOPLES UTD FINL PHILIP MORRIS IN OVERSEAS SHIPHOL LIBERTY MEDIA CO SERIES A LIBERTY ENT *SAME AS ABOVE* AETNA U S HEALTH *SAME AS ABOVE* THIS REPORT _____=

I T A L

PROCEEDS

SECURITY IND CURRENCY G/L GAIN/LOSS DISCOUNT INC

G A I N S

75.000 02/04/08 105.000 02/04/08 75.000 02/04/08 170.000 02/04/08 10 000 03/19/08

49.01 79.09 16.30 16.30 60.13

02/19/08 04/23/08 04/25/08 04/29/08 05/05/08

52.02 49.25 18.88 19.10 84 43

3,675.75 8,304.45 1,222.50 2,771.00 601.30

3,901.38 5,171.49 1,416 30 3,247.58 844.27

225.63 -3,132.96 193.80 476.58 242.97

ST ST ST ST ST

375.000

02/04/08

19.28

05/14/08

18 .87

7,230

00

7,077.37

-152.63

ST

25.000 02/04/08 15.000 02/04/08 115 000 02/04/08 50.000 02/04/08

47.35 124 90 47.35 16.97

05/23/08 05/30/08 06/12/08 07/02/08

56 90 118.29 61 36 14.22

1,183.75 1,873 50 5,445 25 848 73

1,422.53 1,774. 28 7,056 .77 711.00

238.78 -99.22 1,611.52 -137.73

ST ST ST ST

47

4,224.82

2,182 .41

-2,042.41

ST

-300.37 -288.81 -2,774.91 -432.50 433.04 -289 41 -890.05 -137.34 81.97 -265 39 61.23 -1,018 99

ST ST ST ST ST ST ST ST ST ST ST ST

175

000

05/20/08

24

45 000 60.000 80.000 25.000 40.000 115.000 310.000 60.000 70 000 105.000 50 000 180.000 45.000 140.000 85.000 50 000 55.000 35.000

06/11/08 06/18/08 02/04/08 03/19/08 02/04/08 02/04/08 02/04/08 02/04/08 02/04/08 02/04/08 02/15/08 02/04/08 02/04/08 02/04/08 06/09/08 02/04/08 02/04/08 03/05/08

19 15 07/07/08 17.28 07/07/08 72.81 07/08/08 55.42 07/08/08 65 34 07/17/08 23 33 07/24/08 24.06 07/31/08 42.72 07/31/08 49 01 08/06/08 34 56 09/10/08 30.81 09/10/08 26 59 09/10/08

12.47 12.47 38.12 38.12 76 16 20.81 21 19 40.43 50.18 32.03 32 03 20.93

861.56 1,037.07 5,824.80 1,385 59 2,613 45 2,682.40 7,458.60 2,563.20 3,430 70 3,628.80 1,540.40 4,786 20

561 19 748.26 3,049.89 953 09 3,046.49 2,392.99 6,568.55 2,425 86 3,512.67 3,363.41 1,601 63 3,767.21

60 73 09/29/08 16 30 10/08/08

66.45 16 49

2,732.85 2,282.00

2,990.22 2,308.16

16.35 51 92 63 86 25.54

10/08/08 10/29/08 10/29/08 11/03/08

17.79 42 38 36 04 16 70

1,389.97 2,595 87 3,512 30 893 73

1,511.94 2,118.75 1,982.25 584 51

121 97 -477.12 -1,530 05 -309.22

200 000 170.000 25 000

02/04/08 02/04/08 06/19/08

23.84 53.67 41.03

11/03/08 11/06/08 11/06/08

16 70 23 99 23.99

4,767 27 9,124.10 1,025.85

3,340 05 4,078.27 599 75

-1,427.22 ST -5,045.83 ST -426 10 ST

IS

1

2008

14

07/07/08

12

257.37 ST 26 16 ST

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

ST ST ST ST

rADTTAL (aTNS SCHEDULE

ORIG *SPJ E AS ABOVE* AMERIPRISE FINL *SAME AS ABOVE* ALLIANT TECHSYST APPLE INC *SAME AS ABOVE* AUTOMATIC DATA P BUNGE LTD *SAME AS ABOVE* BANK NEW YORK ME *SAME AS ABOVE* *SAME AS ABOVE* *SAME AS ABOVE* BOSTON SCIENTIFI *SAME AS ABOVE* BOEING CO *SAME AS ABOVE* COMCAST CORPORAT NEW SPL CLASS A CAMERON INTERNAT CORPORATION *SAME AS ABOVE* CONOCOPHILLIPS COLGATE PALMOLIV DIAMOND OFFSHORE DAVITA INC DANAHER CORP *SAME AS ABOVE* E I DU PONT DE N ***EVEREST RE GR EXXON MOBIL CORP ELECTRONIC ARTS *SAME AS ABOVE* FISERV INC *SAME AS ABOVE* FRANKLIN RESOURC *SAME AS ABOVE* HUDSON CITY BANC INTL FLAVORS & F INTL GAME TECHNO *SAME AS ABOVE* LABORATORY CORP *SAME AS ABOVE* MICROSOFT CORP *SAME AS. ABOVE* MEMC ELECTRONIC

11: DATE FrCE

50.000

10/28/08

80.000 09/08/08 50.000 80.000 35.000 5 000 125.000 70.000 25.000 130.000 30.000 30.000 25.000 315.000 150.000 95.000 20.000 625.000

11/03/08 02/04/08 02/04/08 09/29/08 02/04/08 02/04/08 09/10/08 02/04/08 04/22/08 07/08/08 07/17/08 02/04/08 02/05/08 02/04/08 03/11/08 02/04/08

60.000

07/17/08

30.000 100.000 55 000 65.000 195.000 45.000 45.000 170.000 100.000 190.000 180.000 15.000 115.000 20.000 40 000

PP ICE DATE FX RATE MNY CURR

PRICE ADJUSTED BASIS FX RATE ORIGINAL COST

PROCEEDS

SECURIT`-GAIN/LOSS -73

IND

54 ST

99

1,273.03

1,199.49

45.85 11/06/08

21 27

3,667 73

1,701.59

21.58 11/06/08 109.19 11/06/08 132 75 11/06/08 108.35 11/06/08 39.93 11/06/08 124.90 11/06/08 73.44 11/06/08 47.15 11/06/08 40 85 11/06/08 36.14 11/06/08 35.43 11/06/08 12.93 11/06/08 12.79 11/06/08 82.73 11/06/08 73.25 11/06/08 17.99 11/06/08

21.27 80.46 99.54 99.54 34.95 41.66 41.66 30.87 30 87 30 87 30 87 8.77 8.77 48 59 48.59 16.46

1,079.21 8,734.96 4,646.25 541.77 4,991.34 8,743.00 1,836.10 6,129.21 1,225 54 1,084.34 885.75 4,072.95 1,918.59 7,859.35 1,465.01 11,243.75

1,063.49 6,436.76 3,483.87 497.70 4,368 72 2,916.18 1,041.49 4,013 69 926.24 926.24 771.85 2,762.53 1,315 49 4,616.02 971.79 10,287 44

-15.72 -2,298.20 -1,162.38 -44.07 -622.62 -5,826.82 -794.61 -2,115.52 -299.30 -158.10 -113 90 -1,310.42 -603.10 -3,243.33 -493.22 -956.31

ST ST ST ST ST ST ST ST ST ST ST ST ST ST ST ST

30

1,470.59

-1,580.71

ST

1,237 88 8,007.00 3,802.41 7,742.07 10,607.69 3,588.98 3,487.81 7,787 60 10,304 71 16,254.50 8,533.93 682.92 5,957.00 940.83 2,836.47

735 29 5,087.97 3,473.23 5,381 96 10,057.24 2,611.79 2,611.78 5,147.16 6,885.96 13,586.82 4,019.39 334.95 3,901.92 678.60 2,446.78

-502.59 -2,919.03 -329.18 -2,360.11 -550.45 -977.19 -876.03 -2,640 44 -3,418 75 -2,667 68 -4,514.54 -347.97 -2,055.08 -262.23 -389.69

ST ST ST ST ST ST ST ST ST ST ST ST ST ST ST

25.46

11/06/08

23

-1,966.14 ST

11/06/08

24.51

09/09/08 02/04/08 07/25/08 02/04/08 02/04/08 07/24/08 09/10/08 02/04/08 02/04/08 02/04/08 02/04/08 02/11/08 02/04/08 07/25/08 10/08/08

41.26 11/06/08 80.07 11/06/08 69.13 11/06/08 119.11 11/06/08 54.40 11/06/08 79.76 11/06/08 77 51 11/06/08 45 81 11/06/08 103 05 11/06/08 85.55 11/06/08 47.41 11/06/08 45.53 11/06/08 51.80 11/06/08 47.04 11/06/08 70.91 11/06/08

24.51 50.88 63.15 82.80 51 58 58.04 58 04 30 28 68.86 71 51 22 33 22.33 33 93 33 93 61.17

25.000 10/22/08

62.79 11/06/08

61 17

1,569.81

1,529.24

-40.57 ST

16.30 42 72 43 65 24.90 74.16 59.06 30.57 27 08 74.81

17.70 30.11 13 04 13.04 62 72 62.72 21.57 21.57 18 55

2,852 50 4,058 40 12,003.94 248.98 8,157 60 885.83 16,354 95 2,166.31 6,358 85

3,097.48 2,860.43 3,585.97 130.40 6,899 16 940.79 11,539.93 1,725.60 1,576.74

244 98 ST -1,197 97 ST -8,417.97 ST -118.58 ST -1,258.44 ST 54 96 ST -4,815.02 ST -440 71 ST -4,782.11 ST

175 000 95.000 275,000 10 000 110.000 15.000 535.000 80,000 85.000

THIS REPORT IS _____=

02/04/08 02/04/08 02/04/08 06/27/08 02/04/08 10/09/08 02/04/08 03/04/08 02/04/08

50.86

11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08

3,051

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

RFci1:`i -ISM-3 j,,

:, v [!IC

CAPITAL GAINS SCHEDULE PAGE FROM Jan 01,

DESCRIPTION

*SAME AS ABOVE* *SAME AS ABOVE* *SAME AS ABOVE* NATIONAL-OILWELL *SAME AS ABOVE* *SAME AS ABOVE* NSTAR NIKE INC-CL B *SAME AS ABOVE* ONEOK INC (NEW) *SAME AS ABOVE* *SAME AS ABOVE* PEABODY ENERGY C PEOPLES UTD FINL PHILIP MORRIS IN ORACLE CORP PACCAR INC PRAXAIR INC ROCKWELL COLLINS SAFEWAY INC *SAME AS ABOVE* *SAME AS ABOVE* SCANA CORPORATIO SOUTHERN UNION C THERMO FISHER SC SOUTHERN UNION C VISA INC

2008 TO Dec

31,

---- PURCHASE ----- -----SALE-------PRICE ADJUSTED BASIS PRICE DATE UNITS DATE ORIGINAL COST FX RATE FX RATE MNY CURR ORIG FACE

PROCEEDS

35.000 35.000 50.000

07/03/08 07/24/08 09/10/08

110.000 02/04/08 40.000 30.000 125.000 25.000

09/04/08 09/30/08 02/04/08 02/04/08

SECURITY GAIN/LOSS

IND CURRENCY G/L DISCOUNT INC

11/06/08 11/06/08 11/06/08

18 55 18 55 18.55

1,938.41 1,491.95 1,723.18

649.24 649 24 927.50

-1,289.17 ST -842.71 ST -795.68 ST

65.34 11/06/08

26.45

7,187.00

2,909.48

-4,277.52 ST

62.04 49.79 33 46 60.73

11/06/08 11/06/08 11/06/08 11/06/08

26.45 26.45 32.17 50.25

2,481.54 1,493.69 4,182 50 1,518.25

1,057.99 793.50 4,021 22 1,256.24

-1,423.55 -700 19 -161.28 -262.01

60.44 11/06/08

55.38 42 63 34.46

ST ST ST ST

-305.64 ST

50.25

1,813.13

1,507.49

85.000 35.000 30.000 60.000 165.000 65 000 395 000 90.000 120 000 70.000 130.000 70.000 80.000 205.000

02/04/08 09/18/08 10/02/08 08/06/08 06/09/08 02/04/08 02/04/08 02/14/08 02/04/08 09/10/08 06/03/08 06/18/08 07/17/08 02/20/08

49 32 35.60 33.12 62 33 16.35 51 92 20 38 43.78 81.86 50.29 31.47 29.84 26.71 38.86

11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08 11/06/08

29.58 29.58 29.58 28.11 17.15 42.36 17.22 27.11 62.21 35.41 22.05 22.05 22.05 33.48

4,192.20 1,245.90 993.55 3,739.97 2,698.18 3,374.62 8,050 10 3,940 19 9,823.20 3,520 11 4,091.52 2,088.90 2,136 58 7,967.18

2,514.31 1,035.30 887.41 1,686.59 2,829.75 2,753.38 6,801.86 2,439.88 7,464.55 2,478.68 2,866.48 1,543.49 1,763 99 6,862.36

-1,677.89 -210.60 -106.14 -2,053 38 131.57 -621.24 -1,248.24 -1,500.31 -2,358.65 -1,041.43 -1,225.04 -545.41 -372.59 -1,104.82

ST ST ST ST ST ST ST ST ST ST ST ST ST ST

25.000 180.000 290 000 10 000

03/03/08 02/04/08 02/04/08 09/17/08

24.80 51.87 27.47 65.61

11/06/08 11/06/08 11/06/08 11/06/08

16.03 38.62 16 03 53.45

619 90 9,336.73 7,965.17 656.09

400 73 6,951.56 4,648.53 534.50

-219.17 -2,385.17 -3,316.64 -121.59

ST ST ST ST

1.000 150.000 34.000 250 000 140.000

09/30/08 03/19/08 09/29/08 02/04/08 02/04/08

60 46 60.13 57.73 33.23 32 68

11/06/08 11/06/08 11/06/08 11/06/08 11/06/08

53 45 53 45 53 45 29.80 14.87

60.46 9,019.47 1,962 71 8,307.50 4,574.50

53 45 8,017.45 1,817 29 7,448 95 2,081.82

-7.01 -1,002 02 -145.42 -858 55 -2,492.68

ST ST ST ST ST

85.000 280 000 50.000 50 000 190 000

09/08/08 02/04/08 10/15/08 10/21/08 11/13/08

32.42 22.62 19.50 17.20 66.02

11/06/08 11/06/08 11/06/08 11/06/08 11/21/08

14 87 14 88 14 88 14.88 61.50

2,755.29 6,333 60 975.16 859 87 12,543 78

1,263 96 4,166.37 743.99 744 00 11,685.23

-1,491.33 -2,167.23 -231.17 -115.87 -858.55

ST ST ST ST ST

55.000 165 000

11/13/08 11/13/08

32.92 17.95

11/26/08 11/26/08

45 26

26 53

1,810 60 2,962.18

2,489 4,377

29 44

678 69 ST 1,415.26 ST

15.000 15 000

11/13/08 11/13/08

32.19 69.13

11/26/08 11/26/08

35.13 80.31

482.84 1,036.95

526 94 1,204.64

44.10 ST 167.69 ST

30.000 06/27/08

CL A *SAME AS ABOVE* *SAME AS ABOVE* *SAME AS ABOVE* WASTE MANAGEMENT ***WEATHERFORD I LTD NEW(BERMUDA) *SAME AS ABOVE* WESTERN UNION CO *SAME AS ABOVE* *SAME AS ABOVE* L-3 COMMUNICATIO INC FLUOR CORP NEW ***GOLDCORP INC NEW NSTAR SPDR GOLD TR GOLD SHS

THIS REPORT IS ...__=

3.

2008

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

CAPITAL GAINS SCHEDULE PAGE FROM Jan 01,

2008

TO Dec 31,

4

2008

---- PURCHASE ----- ----- SALE -------PRICE ADJUSTED BASIS UNITS DATE PRICE DATE FX RATE ORIGINAL COST ORIG FACE FX RATE MNY CURR

PROCEEDS

SECURITY GAIN/LOSS

28 62 1,035.60 36.04 1,126.62 72.77 1,872 60 --- ------------482,385 38

1,144.79 1,261 39 2,183.08 -- -------------359,373.60

109.19 134.77 310.48 - -------------123,011.78

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

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

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

0 00 LT - ------------- -- --------------

--------------------------SECTION TOTAL

--- ------------12,075

--- ------------------------- --- --------------------------- -- ------------------------- --- --------------------------38

359,373.60

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

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

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

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

AT&T INC' NSTAR ***PARTNERRE LTD

40.000 35.000 30.000 --- ----------12,075

11/13/08 11/13/08 11/13/08

25.89 32.19 62 42

12/05/08 12/05/08 12/05/08

482,385

R E A L

E S T A T E

1,451.44 1,107.67 1,904.36 6,188.66 -- -- - ---------- 10,652 13

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

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

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

--------------------------SECTION TOTAL

--------------------------585

------------------------------18,701 18

------------------------------10,652 13

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

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

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

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

190.000 145.000 40.000 210.000 --- ----------585

02/04/08 03/04/08 02/04/08 02/04/08

26.68 17.03 44 65 44 65

C A P I T A L VENTAS INC. *SAME AS ABOVE* ISTAR FINL INC *SAME AS ABOVE* VENTAS INC *SAME AS ABOVE* ISTAR FINL INC *SAME AS ABOVE* VENTAS INC. *SAME AS ABOVE*

4 770 4.450 38.020 221.840 4.770 4 450 38.020 221.840 4.770 4.450

THIS REPORT IS _____=

03/28/08 03/28/08 04/30/08 04/30/08 06/27/08 06/27/08 07/31/08 07/31/08 09/30/08 09/30/08

G A I N 1.00 1.00 1.00 1.00 1 00 1 00 1 00 1.00 1.00 1.00

ST ST ST -- -------------ST

-123,011.78 ST 0.00 LT - ------------------------- --- ---------------------------

T R U S T S

7.64 5,069.20 7.64 2,469 48 47 61 1,786.00 29.47 9,376.50 --- --- ---- -----18,701 18

ISTAR FINL INC *SAME AS ABOVE* VENTAS INC. *SAME AS ABOVE*

07/22/08 07/22/08 09/29/08 11/06/08

I N V E S T M E N T

IND CURRENCY G/L EISCY':i'T INC

-3,617.76 -1,361.81 118 36 -3,187.84 - -------------8,049.05 0.00 - -------------

ST ST ST ST -- -------------ST LT -- --------------

---------------------------8,049 05 0.00 ---------------------------

-- ---------------------------ST LT ---------------- --------------

D I V I D E N D S 0 00 0.00 0.00 0 00 0.00 0.00 0.00 0 00 0.00 0.00

4 77 4.45 38.02 221 84 4 77 4 45 38.02 221.84 4.77 4.45

4.77 4.45 38.02 221 84 4.77 4 45 38.02 221.84 4 77 4.45

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

LT LT LT LT LT LT LT LT LT LT

CAPITAL GAINS SCHEDULE PAGE 2008

FROM Jan 01,

TO Dec 31,

5

2008

---- PURCHASE ----- ----- SALE - ------PRICE ADJUSTED BASIS PRICE DATE UN=Ts DATE ORIGINAL COST FX RATE FX RATE MNY CURR ORIG FACE

SECURITY GAIN/LOSS

PROCEEDS

--- ----------547

- --------------0.00

- --------------547.38

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

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

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

547

0.00

IND CJRRF:I"' DISCC-1

-

--- ----------- -- -------------0.00 ST 547.38 LT --- ----------- -- ---------------- ---

______________ SECTION TOTAL

547

0.00

38

ST

547.38 LT

C A P I T A L 60.000 PEABODY ENERGY C 560.000 POWERSHARES DB M COMMODITY TR POWER S 40.000 *SAME AS ABOVE* --- -----------

G A I N

F R O M

L I Q U I D A T I N G

D I V I D E N D S ==

0.00 252 00

3.60 252.00

3.60 0.00

18.00 00 -- -------- ------

0.00 ---- ---------0.00 0.00 ---- ----------

01/01/00 11/13/08

24.34

11/28/08 12/30/08

0 06 0.00

11/26/08

24

12/30/08

0

600

270.00

18 00 - --------------270.00

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

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

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

660

270 . 00

- --------------273.60

______________ SECTION TOTAL

THIS REPORT IS _____=

80

/

0.00 3 60

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

LT

-- -------------ST LT -- --------------

ST LT /

CAPITAL GAINS SCHEDULE PAGE: FROM Jan 01,

DESCRIPTION

WO SS ST MT LT

-

p s

-

b

-

2008

TO Dec 31,

---- PURCHASE ----- -----SALE-------PRICE DATE PRICE ADJUSTED BASIS UNITS DATE ORIGINAL COST FX RATE MNY CURR FX RATE ORIG FACE

IND LEGEND

== ACCOUNT TOTALS

WRITTEN OPTION SHORT-SALE SHORT TERM MEDIUM TERM LONG TERM

SHORT TERM

ZERO GAIN/LOSS

COST

ITEMS

TOTALS

PROCEEDS

PROCEEDS

SECURITY GAIN/LOSS

-131,060

83

0.00

550.98

550

98

270.00

270.00

501,356.56

370,025

370,846

71

IND CURRENCY G/L DISCOUNT INC

GAIN/LOSS

73

501,086.56

LONG TERM

PURCHASE INCLUDES OPTION PREMIUM SALE INCLUDES OPTION PREMIUM PURCHASE & SALE INCLUDES OPTION PREMIUM

THIS REPORT IS _____=

==

6

2008

-130,509.85

TOTAL CURRENCY GAINS

0.00

TOTAL SHORT SALE P&L

0.00

TOTAL DISCOUNT INCOME

0.00

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

/

CAPITAL GAINS SCHEDULE PAGEron!+

T,.,

:-.tiCAL YEAR END TAX EXEMPT CODE DENOMINATED IN -

12/31 N U .S. Dollars

REPORT RUN DATE -

Apr 21,

nl,

2008 TO Dec 31,

_

2009

---- PURCHASE ----- -----SALE- ------UNITS DATE PRICE DATE PRICE ADJUSTED BASIS ORIGINAL COST ORIG FACE FX RATE MNY CURR FX RATE

PROCEEDS

SECURITY GAIN/LOSS

8,087.25 3,729 60 2,264.40 4,036 00 12,111 78 1,370 50 1,933.80

6,014 53 6,162 44 3,728.04 4,457.90 43.41 1,056.91 1,818.28

-2,072.72 2,432.84 1,463.64 421.90 -12,068.37 -313.59 -115.52

--- ----------1,870

-- -------------33,533.33

--- ------------23,281 51

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

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

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

-- ------------10,251.82 0.00 -- ------------

--------------------------SECTION TOTAL

----- --------------------1,870

--- --------------------------33,533.33

----- ------------------------23,281.51

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

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

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

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

DESCRIPTION

C A P I T A L MICRON TECHNOLOG MILLENNIUM PHARM *SAME AS ABOVE* GRANT PRIDECO IN LEHMAN BROTHERS SANDISK CORP COMCAST CORPORAT NEW SPL CLASS A

1,025 000 02/05/08 252.000 02/05/08 153.000 02/05/08 80.000 02/05/08 200.000 02/05/08 50.000 02/05/08 110.000 02/05/08

7.89 03/24/08 14.80 04/10/08 14 80 04/11/08 50.45 04/22/08 60.56 09/15/08 27 41 09/17/08 17.58 11/06/08

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

THIS _____=

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

REPORT IS

04/30/08

I N 1

IND CURRENCY G/L DISCOUNT INC

G A I N S

S 87 24.45 24 37 55.72 0 22 21.14 16.53

C A S H NATIONAL-OILWELL 68.430 ---------------- -----------------------------------SECTION TOTAL 68

I

2008

L I

ST ST ST ST ST ST ST -- -------------ST LT -- --------------

--- ----------------------- --- ---------------------------10,251.82 ST 0.00 LT -- ------------------------------------- --- --------------

E U

00 0.00 ---------------- -------------0.00

68.43 ----------------- ------------68.43

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

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

68 43 LT / -- ----------------------- -- ---- -----------------------0.00 ST 68.43 LT -- ----------------------- ---- ---------------------------

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM =_____

CAPITAL GAINS SCHEDULE PAGE : FROM Jan 01,

Dt

WO SS ST MT LT p

-

s

-

b -

TO Dec 31,

_= ACCOUNT TOTALS

=_

SHORT TERM

WRITTEN OPTION SHORT-SALE SHORT TERM MEDIUM TERM LONG TERM

LONG TERM

PURCHASE INCLUDES OPTION PREMIUM SALE INCLUDES OPTION PREMIUM PURCHASE & SALE INCLUDES OPTION PREMIUM

THIS REPORT IS _____=

==

ZERO GAIN/LOSS

ITEMS

TOTALS

2.

2008

---- PURCHASE ----- ----- SALE -------PRICE ADJUSTED BASIS PRICE DATE UNITS DATE ORIGINAL COST FX RATE FX RATE MNY CURR ORIG FACE

_')N

IND LEGEND

2008

PROCEEDS

COST

PROCEEDS

33,533.33

23, 281.51

0.00

68.43

0.00

0.00

33,533.33

23,349.94

SECURITY GAIN/LOSS

IND CURRENCY G/L DISCOUNT INC

GAIN/LOSS -10,251

82

68.43

-10,183.39

TOTAL CURRENCY GAINS

0.00

TOTAL SHORT SALE P&L

0.00

TOTAL DISCOUNT INCOME

0.00

INTENDED TO BE AN INTERNAL WORKSHEET AND SHOULD NOT BE RELIED UPON FOR ACCURACY =_____ UNLESS IT CONFORMS WITH THE OFFICIAL RECORDS OF THIS FIRM

i

F.,.

8868

Application for Extension of Time To File an Exempt Organization Return

(Rev April 2009) Department of the Treasury Internal Revenue Service

I

OMB No 1545-1709

10, File a separate application for each return.

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box , , , , , , , , , , , ,^ U • If you are filing for an Additional ( Not Automatic ) 3-Month Extension, complete only Part II (on page 2 of this form). Do notcomplete Part 11 unless you have already been granted an automatic 3-month extension on a previously filed Form 8868 Automatic 3-Month Extension of Time . Only submit original (no copies needed). A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part Ionly

❑

All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time to file income tax returns. Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for a corporation required to file Form 990-T). However, you cannot file Form 8868 electronically if (1) you want the additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated From 990-T. Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8668 . For more details on the electronic filing of this form, visit www.irs.gov/efrleand click on a-frle for Charities & Nonprofits Employer identification number

Type or

Name of Exempt Organization

print

MARK AND STEPHANIE MADOFF FOUNDATION Number, street , and room or suite no. If a P.O . box, see instructions.

Fi fe by the due date for filing your

26-1445331

158 MERCER ST. City, town or post office, state, and ZIP code For a foreign address, see instructions

return See instructions

NEW YORK ,

NY

10012-3212

Check type of return to be filed (file a se arate application for each return)

X

Form 990-T ( corporation )

Form 990 - BL

Form 990 -T (sec. 401(a ) or 408 ( a) trust)

Form 5227

Form 990-EZ

Form 990- T (trust other than above )

Form 6069

Form 990-PF

Form 1041-A

The books are in the care of ^

•

Form 4720

Form 990

MARK MADOFF,

H Form 8870

PRESIDENT FAX No. ^

Telephone No. ^

If the organization does not have an office or place of business in the United States, check this box If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN)

• •

for the whole group, check this box • ^ ❑ . If it is for part of the group, check this box • • ^ names and EINs of all members the extension will cover. I request an automatic 3-month O8117 , 2009 until for the organization ' s return for

1

^ ^

XX

calendar year 2008 tax year beginning

. . . . . . . . . . . . . ❑ . If this is and attach a list with the

(6 months for a corporation required to file Form 990-T) extension of time to file the exempt organization return for the organization named above . The extension is

or , and ending ❑ Initial return

E] Final return

Change in accounting period

2

If this tax year is for less than 12 months , check reason

3a

If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments ma de Include any prior year overpaym ent allowed as a credit. Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit

b c

with

FTD

coupon

or,

if required,

by using

EFTPS (Electronic

instructions.

Federal

Tax Payment

System)

800.

3b $

See 3c

$

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions

For Privacy Act and Paperwork Reduction Act Notice , see Instructions .

Form 8868 (Rev 4-2009)

JSA BF8054 3 000

1

+