Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
HOME SAVINGS CHARITABLE FOUNDATION 450012018
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O FARMERS TRUST CO PO BOX 172   Room/suite
City or town, state, and ZIP code
YOUNGSTOWN, OH44501
A Employer identification number

34-1695319
B Telephone number (see page 10 of the instructions)

(330) 743-7000
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,112,768J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 24 24  
4 Dividends and interest from securities...... 290,163 290,163  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -58,907
b Gross sales price for all assets on line 6a 3,202,654
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 231,280 290,187  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 39,859 27,901   11,958
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 3,100 775 0 2,325
c Other professional fees (attach schedule).... Click to see attachment 30,516 15,258   15,258
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,888     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,514     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,877 43,934 0 29,741
25 Contributions, gifts, grants paid........ 752,647 752,647
26 Total expenses and disbursements. Add lines 24 and 25 830,524 43,934 0 782,388
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -599,244
b Net investment income (if negative, enter -0-) 246,253
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 432,800 516,675 516,675
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
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) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 500,625    
b Investments—corporate stock (attach schedule)........ 6,855,516 Click to see attachment7,280,236 5,068,362
c Investments—corporate bonds (attach schedule)........ 3,956,214 Click to see attachment3,957,769 4,220,713
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,550,432 Click to see attachment941,662 1,307,018
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,295,587 12,696,342 11,112,768
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 13,295,587 12,696,342
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 13,295,587 12,696,342
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,295,587 12,696,342
Part III Analysis of Changes 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)............... 1 13,295,587
2 Enter amount from Part I, line 27a...................... 2 -599,244
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 12,696,343
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 12,696,343
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 1300. LOCKHEED MARTIN CORPORATION   2006-08-16 2010-01-06
b 500000. GENWORTH GLOBAL FDG TR 5.150% 01/15/18-10 SA   2008-01-28 2010-01-15
c 3279.115 BRANDYWINE FUND INC   2007-02-01 2010-02-10
d 3500. ISHARES MSCI EAFE INDEX FUND   2009-04-03 2010-02-10
e 1700. ISHARES MSCI EAFE INDEX FUND   2006-12-13 2010-02-10
4000. MORGAN STANLEY INDIA INVS FD   2008-08-06 2010-02-10
1875.362 T ROWE PRICE SMALL CAP STK FD   2007-01-30 2010-02-10
1600. TJX COS INC NEW   2009-07-31 2010-03-03
1200. EXPRESS SCRIPTS INC   2007-06-15 2010-03-17
200000. FEDERAL HOME LOAN BANK 2.350% 12/23/13-10 C   2009-12-10 2010-03-17
2200. SEMPRA ENERGY INC   2009-05-27 2010-03-17
450. GOLDMAN SACHS GROUP INC   2009-06-30 2010-04-19
2200. LAUDER ESTEE COS INC   2010-02-12 2010-05-06
1600. FREEPORT-MCMORAN COPPER & GOLD B   2009-10-30 2010-05-19
3300. CISCO SYS INC COM   2009-06-19 2010-05-21
650. EXPRESS SCRIPTS INC   2007-06-15 2010-05-21
2800. MEDCO HEALTH SOLUTIONS INC   2008-03-27 2010-05-24
2300. BP AMOCO PLC   2010-02-12 2010-05-25
2700. CISCO SYS INC COM   2009-07-31 2010-08-16
3800. HOME DEPOT INC COM   2010-03-17 2010-08-16
4600. PENNEY J C INC COM   2010-06-10 2010-09-14
2000. AMERISOURCEBERGEN CORP   2010-07-01 2010-09-24
1600. COLGATE PALMOLIVE CO   2009-07-23 2010-10-12
3900. JOHNSON CONTROLS INC COM   2010-03-18 2010-10-12
9603.99 OHIO MUNI TAX FREE SVC SHS #174   2010-10-11 2010-10-13
48295.05 OHIO MUNI TAX FREE SVC SHS #174   2010-09-17 2010-10-13
300000. FEDERAL HOME LOAN BANK 2.350% 12/23/13-10 C   2009-12-10 2010-12-30
(e) 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 99,369   108,667 -9,298
b 500,000   500,000  
c 67,878   120,000 -52,122
d 181,228   142,064 39,164
e 88,025   125,749 -37,724
82,796   155,958 -73,162
48,516   65,000 -16,484
65,900   58,287 7,613
118,578   60,614 57,964
199,300   200,250 -950
110,212   102,315 7,897
70,614   66,240 4,374
136,339   123,910 12,429
105,614   120,745 -15,131
76,849   62,502 14,347
65,172   32,832 32,340
157,366   123,538 33,828
95,343   124,907 -29,564
57,820   59,616 -1,796
104,924   123,394 -18,470
108,921   119,455 -10,534
62,051   61,805 246
119,573   119,782 -209
122,367   125,657 -3,290
9,604   9,604  
48,295   48,295  
300,000   300,375 -375
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -9,298
b        
c       -52,122
d       39,164
e       -37,724
      -73,162
      -16,484
      7,613
      57,964
      -950
      7,897
      4,374
      12,429
      -15,131
      14,347
      32,340
      33,828
      -29,564
      -1,796
      -18,470
      -10,534
      246
      -209
      -3,290
       
       
      -375
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -58,907
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), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
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?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 845,789 10,296,122 0.082146
2008 907,079 15,121,492 0.059986
2007 1,263,009 20,794,879 0.060737
2006 1,227,253 25,003,902 0.049082
2005 1,178,711 23,574,551 0.049999
2 Total of line 1, column (d) ...................... 2 0.301951
3 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. . . 		3 0.06039
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 10,846,189
5 Multiply line 4 by line 3....................... 5 655,003
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,463
7 Add lines 5 and 6......................... 7 657,466
8 Enter qualifying distributions from Part XII, line 4.............. 8 782,388
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,463
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,463
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,463
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 3,737
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,737
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,274
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,274 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
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)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletOH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletFARMERS TRUST COMPANY Telephone no.bullet (330) 743-7000
    Located atbulletCITY CENTRE ONEYOUNGSTOWNOH ZIP+4bullet44503
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (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
    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
     
     
    .........bullet
    c
    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?............
    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?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    FARMERS TRUST COMPANY TRUSTEE
    2     		39,859    
    CITY CENTRE ONE SUITE 800
    YOUNGSTOWN,OH44503
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    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
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,580,240
    b
    Average of monthly cash balances.......................
    1b
    431,119
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,011,359
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    11,011,359
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    165,170
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,846,189
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    542,309
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    542,309
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,463
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,463
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    539,846
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    539,846
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    539,846
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    782,388
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    782,388
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    2,463
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    779,925
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 539,846
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 367,423
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 0
    c From 2007....... 0
    d From 2008....... 0
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 782,388
    a Applied to 2009, but not more than line 2a 367,423
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 414,965
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c 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 been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		124,881
    7 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 instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment 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 securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    NONE
    bList 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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    HOME SAVINGS CHARITABLE FOUNDATION
    100 FEDERAL PLAZA EAST
    YOUNGSTOWN,OH44503
    (330) 743-7000
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE GRANTED TO QUALIFIED RECIPIENTS AS DETERMINED BY THE DISTRIBUTION COMMITTEE.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WILLARD HOPE CENTER
    16 W MAPLE STREET
    WILLARD,OH448901419     		N/A PUBLIC CHARITY PROGRAM SUPPORT 2,000
    NEIGHBORHOOD MINISTRIES
    1402 ROSEWOOD LANE
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PUBLIC SUPPORT 10,000
    MONTESSORI SCHOOL OF THE
    MAHONING VALLEY
    2008 LYNN AVENUE
    YOUNGSTOWN,OH44514     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,000
    WILLARD POLICE DEPARTMENT
    631 S MYRTLE AVENUE
    WILLARD,OH44890     		N/A PUBLIC CHARITY CAPITAL SUPPORT FOR K9 UNIT 2,000
    STAMBAUGH PILLARS
    1000 FIFTH AVENUE
    YOUNGSTOWN,OH44504     		N/A PUBLIC CHARITY PROGRAM SUPPORT 100
    CITY OF CANFIELD
    CONCERT FUND
    104 LISBON STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY SPONSORSHIP-CONCERTS ON THE GREEN 300
    INDIANA UNIVERSITY
    420 UNIVERSITY BLVD
    INDIANAPOLIS,IN46202     		N/A PUBLIC COLLEGE SCHOLARSHIP 1,500
    CHILDREN'S REHAB CENTER
    885 HOWLAND WILSON NE
    WARREN,OH44484     		N/A PUBLIC CHARITY ANNUAL-PLEDGE-EVENT SPONSORSHIP 31,520
    BOARDMAN TOWNSHIP
    PARK DISTRICT
    8299 MARKET STREET
    YOUNGSTOWN,OH44512     		N/A PUBLIC CHARITY SPONSOR-ANNUAL EVENTS 250
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY TRI-COUNTY GOLF CLASSIC 28,416
    JUNIOR ACHIEVEMENT OF
    MAHONING VALLEY
    1920 CHURCHILL ROAD
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PROGRAM SUPPORT 12,000
    CASA MAHONING COUNTY
    300 E SCOTT STREET
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY SUPPORT VOLENTEER PROGRAM 600
    LISBON COMMUNITY FND
    7880 LINCOLE PLACE
    LISBON,OH44432     		N/A PUBLIC CHARITY PLEDGE-WAR MEMORIAL STADIUM 7,000
    VETERAN'S OUTREACH
    524 YOUNGSTOWN POLAND RD
    STRUTHERS,OH44471     		N/A PUBLIC CHARITY PUBLIC SUPPORT- TRI-COUNTY AREA 10,000
    OHIO GRANTMAKERS FORUM
    37 W BROAD ST STE 800
    COLUMBUS,OH43215     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,070
    BUCKEYE COUNCIL BOY SCOUTS
    FOR CAMP MCKINLEY
    2301 13TH STREET NW
    CANTON,OH447083157     		N/A CHARITABLE CAPITAL-TRACTOR & GROUNDS EQUIPMENT 10,000
    YMCA-YOUNGSTOWN
    17 N CHAMPION STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY ANNUAL COMMUNITY CUP 500
    INTERFAITH HOME
    MAINTENANCE
    1005 W RAYEN AVENUE
    YOUNGSTOWN,OH44502     		N/A PUBLIC CHARITY SUPPORT PROGRAM 5,000
    MAHONING COUNTY SPECIAL
    OLYMPICS
    4791 WOODRIGE
    YOUNGSTOWN,OH44515     		N/A PUBLIC CHARITY PUBLIC SUPPORT 300
    YOUNGSTOWN SYMPHONY
    CENTER
    260 FEDERAL PLAZA WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY CONCERT SPONSORSHIP 5,500
    SMITH COLLEGE
    7 COLLEGE LANE
    NORTHAMPTON,MA01063     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    YOUNGSTOWN WARREN
    REGIONAL CHAMBER OF COMM
    11 FEDERAL PLAZA W
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY ECONOMIC DEVELOPMENT INITIATIVES 15,000
    BALDWIN WALLACE COLLEGE
    275 EASTLAND ROAD
    BEREA,OH44017     		N/A PRIVATE COLLEGE SCHOLARSHIPS 1,500
    KENT STATE-SALEM CAMPUS
    2491 STATE ROUTE 45 SOUTH
    SALEM,OH444609412     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    ABA HOUSING PARTNERS
    900 NINETEENTH ST NW
    WASHINGTON,DC20006     		N/A PUBLIC CHARITY HABITAT FOR HUMANITY HOME 500
    CLYDE-GREEN SPRINGS SAFETY
    VILLAGE
    109 NORTH MAIN STREET
    CLYDE,OH43410     		N/A PUBLIC CHARITY SUPPORT SUMMER SAFETY PROGRAM 500
    COLLEGE OF WOOSTER
    1189 BEALL AVENUE
    WOOSTER,OH44691     		N/A PRIVATE COLLEGE SCHOLARSHIP 500
    ANGELS OF EASTER SEALS
    14300 BEAVER SPRINGFIELD
    NEW SPRINGFIELD,OH44443     		N/A PUBLIC CHARITY SUPPORT PROGRAM 500
    BIG BROTHERSBIG SISTERS
    325 N STATE STREET
    GIRARD,OH44420     		N/A PUBLIC CHARITY SUPPORT PROGRAM 10,000
    WARREN CITY SCHOOL DISTRICT
    261 MONROE NW
    WARREN,OH44481     		N/A PUBLIC CHARITY CAPITAL-MOLLENKOPF ATHLETIC COMPLEX 10,000
    LIFESTEPS FAMILY CARING
    FUND
    383 NEW CASTLE ROAD
    BUTLER,PA16001     		N/A PUBLIC CHARITY SUPPORT PROGRAM 200
    ASHLAND COUNTY ORAL
    HEALTH SERVICES INC
    213 SAMARITAN AVENUE
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PROGRAM SUPPORT 25,000
    VILLA MARIA THERESA
    EDUCATION CENTER
    PO BOX 916
    VILLA MARIA,PA16155     		N/A PUBLIC CHARITY LEAP CAMP, SUMMER PROGRAM SUPPORT 1,000
    YOUNGSTOWN NEIGHBORHOOD
    201 E COMMERCE STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT PROGRAM 25,000
    SALVATION ARMY-ASHLAND
    40 E 3RD STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PLEDGE-KNOC COMMUNITY CENTER 25,000
    SECOND HARVEST FOOD BANK
    2805 SALT SPRINGS ROAD
    YOUNGSTOWN,OH44509     		N/A PUBLIC CHARITY CAPITAL-IMPROVEMENTS FOR WAREHOUSE 10,000
    YOUNGSTOWN FOUNDATION
    16 FEDERAL PL WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT POTENTIAL DEVELOPMENT PROGRAM 25,000
    UNIVERSITY OF AKRON
    302 BUCHTEL MALL
    AKRON,OH44325     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 1,500
    AMERICAN HEART ASSOC
    840 SOUTHWESTERN RUN
    POLAND,OH44514     		N/A PUBLIC CHARITY SPONSOR-HEART BALL 792
    MUSEUM OF CERAMIC
    400 EAST FIFTH STREET
    EAST LIVERPOOL,OH43920     		N/A PUBLIC CHARITY CAPITAL-INSTALL HANDICAP ELEVATOR 10,000
    MARCH OF DIMES
    6000 KIRK ROAD
    AUSTINTOWN,OH44515     		N/A PUBLIC CHARITY SPONSORSHIP-MARCH FOR BABIES MAH VALLEY 500
    COMMUNITIES FOR THE ARTS
    109 NORTH MAIN STREET
    CLYDE,OH43410     		N/A PUBLIC CHARITY PROGRAM SUPPORT 500
    WYSU-FM
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY SPONSOR-ANNUAL CONTRACT 2,652
    UNITED WAY OF MAHONING VALLEY
    255 WATT STREET
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PUBLIC SUPPORT 60,000
    POLAND JUNIOR WOMEN'S
    LEAGUE
    3199 DOBBINS ROAD
    POLAND,OH44514     		N/A PUBLIC CHARITY SPONSORSHIP- CONCERT SERIES 250
    YSU-WILLIAMSON SCHOOL OF BUSINESS
    BUSINESS
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 6,000
    BELLEVUE COMMUNITY
    RECREATION CENTER
    110 CHERRY BLVD
    BELLEVUE,OH44811     		N/A CHARITABLE CAPITAL-SUPPLIES FOR BASEBALL PROGRAMS 4,000
    BIG REACH CENTER
    OF HOPE
    11767 LISBON ROAD
    GREENFORD,OH44422     		N/A PUBLIC CHARITY SUPPORT PROGRAMS 5,000
    ANIMAL WELFARE LEAGUE
    545 BRUNSTETTER ROAD
    WARREN,OH44481     		N/A PUBLIC CHARITY ANNUAL FUND 7,000
    YOUNGSTOWN ST UNIVERSITY
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY SCHOLARSHIP PROGRAM 4,625
    RESCUE VILLAGE ANIMAL SHELTER
    15463 CHILLICOTHE ROAD
    NOVELTY,OH44072     		N/A PUBLIC CHARITY SUPPORT PROGRAM FOR WOMEN'S SAFE INC. 2,500
    SOJOURN TO THE PAST
    PO BOX 5694
    YOUNGSTOWN,OH44503     		N/A CHARITABLE ANNUAL FUND 2,600
    NEIL KENNEDY RECOVERY
    CLINIC
    2555 RUSH BLVD
    YOUNGSTOWN,OH44507     		N/A PUBLIC CHARITY CAPITAL-REPLACE WINDOWS 10,000
    HOPE HOUSE VISITATION
    CENTER
    660 W EARLE AVENUE
    YOUNGSTOWN,OH44511     		N/A PUBLIC CHARITY PROGRAM SUPPORT 4,000
    YMCA-ASHLAND
    207 MILLER STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY YOUTH PROGRAM CAMPAIGN 2,500
    ASHLAND SYMPHONY
    ORCHESTRA
    PO BOX 13
    ASHLAND,OH44805     		N/A PUBLIC CHARITY SUPPORT PROGRAM 500
    YOUNGSTOWN FOUNDATION
    16 FEDERAL PLAZA WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT-BUTLER INSTITUTE OF AMERICAN ART 300
    FALCON FORWARD CAMPAIGN
    4560 FALCON DRIVE
    YOUNGSTOWN,OH44515     		N/A PUBLIC CHARITY PLEDGE - STADIUM 25,000
    OHIO STATE UNIVERSITY
    154 W 12TH STREET
    COLUMBUS,OH43210     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 3,500
    WARREN PHILHARMONIC
    ORCHESTRA
    210 SCOTT STREET
    WARREN,OH44483     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    TERRA COMMUNITY COLLEGE
    2830 NAPOLEON ROAD
    FREMONT,OH43420     		N/A PRIVATE COLLEGE ANNUAL SCHOLARSHIP 3,000
    MIAMI UNIVERSITY
    501 E HIGH STREET
    OXFORD,OH45056     		N/A PUBLIC UNIVERSTIY SCHOLARSHIPS 1,500
    UNITED WAY OF GEAUGA COUNTY
    209 CENTER STREET UNIT H
    CHARDON,OH44024     		N/A PUBLIC CHARITY SUPPORT PROGRAM 5,000
    GENEVA COLLEGE
    3200 COLLEGE STREET
    BEAVER FALLS,PA15010     		N/A PRIVATE COLLEGE SCHOLARSHIP 3,750
    GREENFORD CHRISTIAN CHURCH
    11767 LISBON ROAD
    GREENFORD,OH44422     		N/A PUBLIC CHARITY SUPPORT PROGRAM 50
    BOWLING GREEN FIRELANDS
    COLLEGE
    1 UNIVERSITY DRIVE
    HURON,OH44839     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    UNITED WAY OF NORTHERN
    COLUMBIANA COUNTY
    713 E STATE STREET
    SALEM,OH44460     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    FIRST NIGHT CANFIELD
    C/O 104 LISBON STREET
    YOUNGSTOWN,OH44406     		N/A PUBLIC CHARITY ANNUAL SUPPORT 500
    SALEM COMMUNITY THEATRE
    490 EAST STATE STREET
    SALEM,OH44460     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    AMERICAN RED CROSS
    8392 TOD AVENUE
    WARREN,OH44481     		N/A PUBLIC CHARITY PROGRAM SUPPORT 1,000
    UNIVERSITY CIRCLE
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY SPONSOR- HOLIDAY CIRCLEFEST 5,000
    FIRST NIGHT YOUNGSTOWN
    20 FEDERAL PLAZA WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY ANNUAL SUPPORT 500
    GOODWILL INDUSTRIES
    2747 BELMONT AVENUE
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PROGRAM SUPPORT 7,000
    LIBERTY CENTER OF
    SANDUSKY COUNTY
    1421 E STATE STREET
    FREMONT,OH434204049     		N/A PUBLIC CHARITY SUPPORT PROGRAM 500
    YOUNGSTOWN ST UNIVERSITY
    ONE UNIVERISTY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY SUPPORT HIGH SCHOOL SCHOLARSHIP PROGRAM 3,500
    WESTMINISTER COLLEGE
    S MARKET ST
    NEW WILMINGTON,PA16172     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    ASHLAND UNIVERSITY
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		N/A PUBLIC UNIVERSITY BUSINESS SCHOLARSHIP 3,500
    NORWALK AREA UNITED FUND
    PO BOX 134
    NORWALK,OH44857     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    HEIDELBERG COLLEGE
    310 E MARKET STREET
    TIFFIN,OH44883     		N/A PRIVATE COLLEGE BUSINESS SCHOLARSHIPS 2,000
    TIFFIN UNIVERSITY
    155 MIAMI STREET
    TIFFIN,OH44883     		N/A PRIVATE UNIVERSITY ANNUAL SCHOLARSHIPS 2,000
    BEAVER TOWNSHIP PARK
    ADMINISTRATION
    FERN HOLLOW RD
    SEWICKLEY,PA15143     		N/A PUBLIC CHARITY SUPPORT PROGRAM 250
    KENT STATE-E LIVERPOOL
    CAMPUS
    400 E 4TH STREET
    EAST LIVERPOOL,OH43920     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    KENT STATE TRUMBULL CAMPUS
    4314 MAHONING AVENUE NW
    WARREN,OH44483     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    YOUNGSTOWN ST UNIVERSITY
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY SUPPORT PROGRAMS 800
    CASA ERIEOTTAWA COUNTIES
    500 W STATE STREET
    FREMONT,OH43420     		N/A PUBLIC CHARITIES PUBLIC SUPPORT 600
    WOMEN'S SAFE INC
    12041 RAVENNA ROAD
    CHARDON,OH44024     		N/A PUBLIC CHARITY PROGRAM SUPPORT 5,000
    KENT STATE UNIVERSITY
    108 MICHAEL SCHWARTZ CENTER
    KENT,OH44242     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 5,500
    YOUNGSTOWN BUSINESS
    INCUBATOR
    241 FEDERAL PLAZA WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY PLEDGE-CAPITAL IMPROVEMENTS 10,000
    LOU HOLTZ HALL OF FAME
    OHIO VALLEY
    120 E 5TH STREET
    EAST LIVERPOOL,OH43920     		N/A PUBLIC CHARITY CAPITAL-ROOF & INTERIOR REPAIRS 10,000
    BELLEVUE UNITED SELECTIVE FUND
    110 W MAIN STREET
    BELLEVUE,OH44811     		N/A PUBLIC CHARITY SUPPORT PROGRAM 5,000
    SENECA INDUSTRIAL &
    ECONOMIC
    62 S WASHINGTON STREET
    TIFFIN,OH44883     		N/A PUBLIC CHARITY ANNUAL SUPPORT 500
    LIEN FORWARD OHIO REGIONAL
    COUNCIL
    20 W FEDERAL STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY PROGRAM & OPERATING SUPPORT 10,000
    MALONE COLLEGE
    515 25TH STREET NW
    CANTON,OH44709     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    LEAGUE OF WOMEN VOTERS
    201 E THIRD STREET NE
    CANTON,OH44702     		N/A PUBLIC CHARITY ANNUAL SUPPORT 100
    YWCA
    25 W RAYEN STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SPONSORSHIP-WOMEN'S ART 9,454
    URSULINE HIGH SCHOOL
    750 WICK AVENUE
    YOUNGSTOWN,OH44505     		N/A PRIVATE HIGH SCHOOL SUPPORT PROGRAM 500
    UNITED WAY OF ASHLAND
    COUNTY
    1011 E MAIN STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    UNITED WAY OF LAKE COUNTY
    9285 PROGRESS PKWY
    MENTOR,OH44060     		N/A PUBLIC CHARITY PUBLIC SUPPORT 4,000
    UNITED WAY OF SOUTHERN
    COLUMBIANA COUNTY
    525 MARKET ST STUITE 1
    EAST LIVERPOOL,OH43920     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    TIFFIN-SENNECA UNITED WAY
    174 JEFFERSON STREET
    TIFFIN,OH44883     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    UNITED WAY OF TRUMBULL
    COUNTY
    3601 YOUNGSTOWN RD SE
    WARREN,OH44484     		N/A PUBLIC CHARITY PUBLIC SUPPORT 1,000
    NORWALK ECONOMIC DEVELOPM
    10 1/2 W MAIN STREET
    NORWALK,OH44857     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    VILLAGE HOUSE
    350 RAWSON AVENUE
    FREMONT,OH43420     		N/A PUBLIC CHARITY SUPPORT PROGRAM 10,000
    NAMI-METRO CLEVELAND
    1400 W 25TH STREET 4
    CLEVELAND,OH44113     		N/A PUBLIC CHARITY SPONSORSHIP-ANNUAL NAMI WALK 250
    CONSUMER CREDIT
    COUNSELING SERVICE
    4500 E BROAD STREET
    COLUMBUS,OH43213     		N/A PUBLIC CHARITY SUPPORT PROGRAM-PLEDGE 5,000
    ESPERANZA - CLEVELAND
    4115 BRIDGE AVENUE 108
    CLEVELAND,OH44113     		N/A PUBLIC CHARITY SCHOLARSHIP FOR HIGH SCHOOL GRADUATE 500
    YMCA GEAUGA CTY CAMPUS
    12460 BASS LAKE ROAD
    CHARDON,OH44024     		N/A PUBLIC CHARITY PROGRAM SUPPORT-STRONG KIDS CAMPAIGN 2,500
    HOPE HOUSE-FINDLAY
    419 WESTERN AVE
    FINDLAY,OH45840     		N/A PUBLIC CHARITY CAPITAL-FIELD RENOVATIONS 5,000
    MCDONALD COMMUNITY CHEST
    PO BOX 49519
    STRONGSVILLE,OH44149     		N/A PUBLIC CHARITY SUPPORT PROGRAM 5,000
    WKSU
    1613 E SUMMIT ST
    KENT,OH44240     		N/A PUBLIC CHARITY ANNUAL SUPPORT 5,523
    WESTERN RESERVE PUBLIC
    MEDIA
    P O BOX 5191
    KENT,OH442405191     		N/A PUBLIC CHARITY SUPPORT PROGRAM 6,700
    UNIVERSITY OF FINDLAY
    1316 N CORY STREET
    FINDLAY,OH45840     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIPS 1,500
    OTTERBEIN COLLEGE
    ONE OTTERBEIN COLLEGE
    WESTERVILLE,OH43081     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    SANDUSKY ECONOMIC
    DEVELOPMENT CORP
    2511 COUNTRYSIDE DRIVE
    FREMONT,OH43420     		N/A CHARITABLE PUBLIC SUPPORT 5,000
    AURORA ONE FUND
    7075 N AURORA ROAD
    AURORA,OH442029626     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    NILES COMMUNITY SERVICES
    401 VIENNA AVENUE
    NILES,OH44446     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    ABIGAIL MINISTRIES
    1400 TOD AVE NW
    WARREN,OH44484     		N/A PUBLIC CHARITY SUPPORT PROGRAM 14,795
    FISH & LOAVES FOOD PANTRY
    203 MAPLE STREET
    BELLEVUE,OH44811     		N/A PUBLIC CHARITY CAPITAL-FLOOR REPAIRS 1,500
    YMCA-CAMP FITCH
    17 N CHAMPION STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY CAPITAL-WATER SYSTEM 20,000
    HIRAM COLLEGE
    6832 HINSDALE STREET
    HIRAM,OH44234     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY PINK RIBBON GOLF CLASSIC 4,400
    MASONIC LEARNING CENTER
    FOR CHILDREN
    223 WICK AVENUE
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,000
    BLANCHARD VALLEY HEALTH
    ASSOCIATION
    145 W WALLACE STREET
    FINDLAY,OH45840     		N/A PUBLIC CHARITY CAPITAL-EASTERN WOODS OUTPATIENT CENTER 10,000
    HABITAT FOR HUMANITY- MAH
    COUNTY
    1151 MANNING AVENUE
    YOUNGSTOWN,OH44502     		N/A PUBLIC CHARITY CAPITAL NEEDS-VARIOUS 10,000
    TIFFIN PARKS & RECREATION
    621 E MARKET STREET
    TIFFIN,OH44883     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    LAKELAND COLLEGE
    7700 CLOCKTOWER DRIVE
    KIRTLAND,OH440945198     		N/A COMMUNITY COLLEGE ANNUAL SCHOLARSHIP 2,000
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY RELAY FOR LIFE-LIBERTY & CHARDON TEAMS 1,000
    BELLEVUE PUBLIC LIBRARY
    224 E MAIN STREET
    BELLEVUE,OH448111467     		N/A PUBLIC CHARITY SUPPORT PROGRAM 500
    HOUSING OPPORTUNITIES
    OF BEAVER COUNTY INC
    650 CORPORATION STREET
    BEAVER,PA15009     		N/A PUBLIC CHARITY PROGRAM SUPPORT 5,000
    SCORE AT YSU
    306 WILLIAMSON HALL
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY PROGRAM SUPPORT 1,500
    OPERA WESTERN RESERVE
    C/O STAMBAUGH AUDITORIUM
    1000 FIFTH AVENUE
    YOUNGSTOWN,OH44504     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    SECOND CHANCE ANIMAL
    RESCUE
    PO BOX 4867
    AUSTINTOWN,OH44515     		N/A PUBLIC CHARITY ANNUAL PROGRAM SUPPORT 7,000
    HUMANE SOCIETY OF
    SANDUSKY COUNTY INC
    2520 PORT CLINTON ROAD
    FREMONT,OH43420     		N/A PUBLIC CHARITY SUPPORT FOR CAPITAL IMPRMTS. & PROGRAMS 7,000
    FIRST TEE CLEVELAND
    5850 LANDERBROOK DRIVE
    CLEVELAND,OH44124     		N/A PUBLIC CHARITY CAPITAL-EDUCATIONAL CENTER 17,500
    FLIER FOOTBALL FOUNDATION
    1015 RACE STREET
    CLYDE,OH43410     		N/A PUBLIC CHARITY CAPITAL-CLYDE STADIUM SYNTHETIC TURF PROJ 5,000
    NAMI-ASHLAND COUNTY
    1126 COTTAGE STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY SUPPORT PROGRAM 1,000
    KENT STATE-GEAUGA CAMPUS
    14111 CLARIDON-TROY RD
    BURTON,OH44021     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 2,000
    BOARDMAN PERFORMING ARTS
    CENTER
    375 BOARDMAN-POLAND RD
    YOUNGSTOWN,OH44512     		N/A PUBLIC CHARITY CAPITAL - PRINTER 2,000
    Total .................................bullet 3a 752,647
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 24  
    4 Dividends and interest from securities....     14 290,161  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 -58,906  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   231,279  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13231,279
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    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?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    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 complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 3,100 775   2,325

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Name of Bond End of Year Book Value End of Year Fair Market Value
    500,000 MCDONALDS CORP 6.00% 481,175 507,895
    500,000 BELLSOUTH CORP 5.200% 500,000 545,845
    495,000 GOLDMAN SACHS GR 5.700 494,559 528,343
    500,000 HOME DEPOT INC 5.200% 496,195 503,635
    500,000 GOLDMAN SACHS 5.125% 481,250 537,190
    500,000 GENWORTH GLOBAL 5.150%    
    500,000 JPMORGAN CHASE 6.000% 499,970 558,375
    500,000 MICROSOFT CORP 2.950% 503,065 520,490
    500,000 DU PONT E I DE 3.250% 501,555 518,940

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,100 SHS COCA-COLA 123,753 138,117
    2,673 SHS AT&T INC 71,718 78,533
    1,216,575 SHS UNITED COMM FIN 4,446,177 1,630,211
    1,500 SHS CHEVRON CORP 117,810 136,875
    6,000 SHS CISCO SYS INC    
    1,300 SHS LOCKHEED MARTIN CORP    
    780 SHS AUTOZONE INC 120,266 212,620
    1,300 SHS EXPRESS SCRIPTS INC 32,832 70,265
    1,700 SHS PRAXAIR INC 127,830 162,299
    2,800 SHS MEDCO HEALTH SOLUTIO    
    6,600 SHS AQUA AMERICA INC 119,704 148,368
    1,600 SHS COLGATE PALMOLIVE CO    
    1,600 SHS FREEPORT-MCMORAN COP    
    450 SHS GOLDMAN SACHS GR INC    
    3,000 SHS JPMORGAN CHASE & CO 129,045 127,260
    2,000 SHS JOHNSON & JOHNSON 128,528 123,700
    1,100 SHS MCDONALDS CORP 64,020 84,436
    5,800 SHS ORACLE CORP 124,519 181,540
    2,400 SHS PHILIP MORRIS INT'L 100,027 140,472
    2,500 SHS PRICE T ROWE GR INC 116,938 161,350
    2,200 SHS SEMPRA ENERGY    
    1,600 SHS TJX COS INC NEW    
    1,600 SHS 3M COMPANY 117,211 138,080
    2,135 SHS AFLAC INC 123,009 120,478
    2,000 SHS ABBOTT LABS 101,311 95,820
    2,000 SHS AMERISOURCEBERGEN CO 61,805 68,240
    400 SHS APPLE COMPUTER INC 100,532 129,024
    1,600 SHS CATERPILLAR INC 95,727 149,856
    1,480 SHS CUMMINS INC 123,259 162,815
    2,700 SHS DTE ENERGY CO 122,517 122,364
    6,900 SHS GENERAL ELEC CO 126,247 126,201
    1,040 SHS THE HERSHEY CO 49,762 49,036
    4,300 SHS MICROSOFT CORP 119,325 120,013
    3,300 SHS MICROCHIP TECHNOLOGY 96,515 112,893
    1,900 SHS PARKER-HANNIFIN CORP 124,757 163,970
    1,700 SHS ROYAL DUTCH SHELL 95,092 113,526

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    5,200.000 SHS ISHARES MSCI EA      
    3,870.000 SHS ISHARES S&P MID AT COST 247,068 350,970
    4,000.000 SHS ISHARES SMALLCA AT COST 185,363 273,880
    3,279.115 SHS BRANDYWINE FD      
    7,375.000 SHS ISHARES MSCI EM AT COST 242,987 351,360
    4,000.000 SHS MORGAN STANLEY      
    3,989.362 SHS T ROWE PRICE EQ AT COST 120,000 94,508
    1,875.632 SHS T ROWE PRICE SM      
    17,000.000 SHS COMEX GOLD AT COST 146,244 236,300

    TY 2010 OtherExpensesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC EXPENSES (NON-CHARITABLE) 1,314 0   0
    STATE OF OHIO FILING FEE 200 0   200


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION FEES 30,516 15,258   15,258


    TY 2010 TaxesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 214 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,900 0   0
    FOREIGN TAXES ON QUALIFIED FOR 743 0   0
    FOREIGN TAXES ON NONQUALIFIED 31 0   0