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
WO & LOIS NEWELL CHARITABLE TRUST
CUMBERLAND SECURITY BANK

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 70   Room/suite
City or town, state, and ZIP code
SOMERSET, KY42502
A Employer identification number

26-3939254
B Telephone number (see page 10 of the instructions)

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$14,301,123J 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 259,661 101,799  
4 Dividends and interest from securities...... 172,510 172,510  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 43,889
b Gross sales price for all assets on line 6a 6,928,324
7 Capital gain net income (from Part IV, line 2)... 43,889
8 Net short-term capital gain.........  
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)....... Click to see attachment 6,450    
12 Total. Add lines 1 through 11........ 482,510 318,198  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,684 17,342   8,671
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,081      
b Accounting fees (attach schedule)....... Click to see attachment 2,135      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 7,699      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 354,607 43,889    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 403,206 61,231   8,671
25 Contributions, gifts, grants paid........ 1,256,137 1,256,137
26 Total expenses and disbursements. Add lines 24 and 25 1,659,343 61,231   1,264,808
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,176,833
b Net investment income (if negative, enter -0-) 256,967
c Adjusted net income (if negative, enter -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.......... 1,949,206 706,304 706,304
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet59,601
Less: allowance for doubtful accounts bullet   473,026 Click to see attachment59,601 59,601
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 12,047,813 Click to see attachment13,535,218 13,535,218
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) 14,470,045 14,301,123 14,301,123
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......... 14,470,045 14,470,045
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds   -168,922
30 Total net assets or fund balances (see page 17 of the
instructions).................... 14,470,045 14,301,123
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 14,470,045 14,301,123
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 14,470,045
2 Enter amount from Part I, line 27a...................... 2 -1,176,833
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,007,911
4 Add lines 1, 2, and 3.......................... 4 14,301,123
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 14,301,123
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 5000 SHS BRECKINRIDGE CNTY KY BLDGS P 1994-02-01 2010-01-04
b 5000 SHS LOUISVILLE JEFFERSON CNTY K P 2008-04-01 2010-08-19
c 71137.141 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-12-03
d 125443.019 SHS NUVEEN KENTUCKY MUNIC P 2008-04-01 2010-04-05
e 3567.246 SHS AMERICAN CENTURY INCOME P 2008-04-01 2010-05-18
10000 LOUISVILLE KY RIVERFRONT CORP P 2008-04-01 2010-07-01
3050.797 SHS ALLIANCE BERNSTEIN GLOB P 2008-04-01 2010-04-05
100000 SHSREPUBLIC FIRST BK PHIL P 2008-04-01 2010-02-03
8300.165 SHS THE BOND FUND OF AMERIC P 2008-04-01 2010-05-18
97000 SHS M I BK F S B LAS VEGAS NEV P 2008-04-01 2010-09-13
33585.448 SHS CHURCHILL TAX FREE FUN P 2008-04-01 2010-03-29
100000 SHS STATE BK INDIA N.Y. P 2008-04-01 2010-02-05
97000 SHS BRANCH BKG & TR CO P 2008-04-01 2010-06-30
80000 SHS M&I MARSHALL & ILSLEY BK P 2008-04-01 2010-09-13
4895 SHS DNP SELECT INCOME FD INC P 2008-04-01 2010-04-05
264.778 SHS THOMPSON PLUMB GROWTH FU P 2008-04-01 2010-04-05
782.423 SHS CAPITAL INCOME BUILDER P 2008-04-01 2010-05-18
20000 SHS QUACHITA PARISH LA INDL DE P 2008-04-01 2010-08-03
3188 SHS DELTA AIR LINES SR P 2008-04-01 2010-03-29
6947.809 SHS COLUMBIA ACORN FUND P 2008-04-01 2010-05-18
10000 SHS PIKE COUNTY KY SCH DIST P 2008-04-01 2010-09-01
4677.329 SHS EATON VANCE KY MUNI P 2008-04-01 2010-03-29
50000 SHS FORD MTR CR CO P 2003-12-17 2010-12-20
36000 SHS SOUTHWEST BANK OF ST. LOUI P 2008-04-01 2010-09-13
7661.828 SHS FEDERATED MID-CAP INDEX P 2008-04-01 2010-04-05
110.825 SHS THE GROWTH FUND OF AMER P 2008-04-01 2010-05-18
95000 SHS SOUTHWEST BK ST. LOUIS MO P 2008-04-01 2010-10-12
2306.987 SHS FIRST AMERICAN REAL EST P 2008-04-01 2010-04-05
6330.761 SHS THE GROWTH FUND OF AMER P 2008-04-01 2010-05-18
30000 SHS TOYOTA MTR CR CORP TMCC P 2008-04-01 2010-09-20
2423.411 SHS GOLDMAN SACHS CAPITAL G P 2008-04-01 2010-04-05
127.697 SHS THE INVESTMENT CO OF AME P 2008-04-01 2010-05-18
39318.48 SHS DUPREE MUTUAL FUNDS P 2008-04-01 2010-04-01
20000 SHS HARTFORD LIFE GLOBAL FDG T P 2008-04-01 2010-02-16
4945.073 SHS THE INVESTMENT CO OF AM P 2008-04-01 2010-05-18
65274.151 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-04-22
10000 SHS KENTUCKY AREA DEV DISTS FI P 2008-04-01 2010-03-08
5000 KENTUCKY AREA DEV DISTS FING P 2008-04-01 2010-10-04
64102.564 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-08-16
15000 SHS KENTUCKY INTERLOCAL SCH TR P 2008-04-01 2010-01-07
5000 SHS KENTUCKY ECONOMIC DEV FIN A P 2008-04-01 2010-10-01
63532.402 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-09-07
ESCROW KENTON COUNTY KY ARPT BRD P 2008-04-01 2010-02-12
15000 SHS KENTUCKY ECONOMIC DEV FIN P 2008-04-01 2010-10-01
63938.619 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-10-04
10000 SHS MENIFEE CNTY KY PUB PPTYS P 2008-04-01 2010-03-01
5000 SHS KENTUCKY ST TPK AUTH TOLL R P 2008-04-01 2010-07-01
64267.352 SHS DUPREE MUTUAL FUNDS KY P 2008-04-01 2010-11-01
667 SHS NUVEEN PERFORMANCE PLUS MUNI P 2008-04-01 2010-04-05
(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 5,000   5,000  
b 5,000   5,000  
c 539,220   526,415 12,805
d 1,346,003   1,339,731 6,272
e 77,302   95,781 -18,479
10,000   10,000  
24,895   24,681 214
100,000   100,000  
100,432   105,163 -4,731
97,000   97,000  
353,319   337,870 15,449
100,000   100,000  
97,000   97,000  
80,000   80,000  
45,134   53,209 -8,075
7,887   9,516 -1,629
35,654   45,912 -10,258
20,000   20,000  
1,920   1,913 7
182,102   191,412 -9,310
10,100   10,100  
41,020   40,365 655
50,000   50,000  
36,000   36,000  
150,602   156,608 -6,006
2,986   3,563 -577
95,000   95,000  
36,796   43,902 -7,106
169,475   202,268 -32,793
30,000   30,000  
48,565   53,630 -5,065
3,240   3,922 -682
300,000   290,957 9,043
20,000   20,000  
125,308   151,764 -26,456
500,000   483,029 16,971
10,000   10,000  
5,000   5,000  
500,000   474,359 25,641
15,150   15,150  
5,050   5,050  
500,000   470,140 29,860
232     232
15,150   15,150  
500,000   473,146 26,854
10,200   10,200  
5,000   5,000  
500,000   475,578 24,422
9,470   8,951 519
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        
b        
c       12,805
d       6,272
e       -18,479
       
      214
       
      -4,731
       
      15,449
       
       
       
      -8,075
      -1,629
      -10,258
       
      7
      -9,310
       
      655
       
       
      -6,006
      -577
       
      -7,106
      -32,793
       
      -5,065
      -682
      9,043
       
      -26,456
      16,971
       
       
      25,641
       
       
      29,860
      232
       
      26,854
       
       
      24,422
      519
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 43,889
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 11,750 13,591,740 0.000864
2008      
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.000864
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 0.000864
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 13,592,011
5 Multiply line 4 by line 3....................... 5 11,743
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,570
7 Add lines 5 and 6......................... 7 14,313
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,264,808
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 2,570
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  
3 Add lines 1 and 2............................ 3 2,570
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,570
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 5,390
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,390
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 2,820
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet2,820 Refunded Bullet 11  
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)bulletKY
    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 addressbulletN/A
    14
    The books are in care ofbulletTRUST DEPARTMENT Telephone no.bullet (606) 679-9361
    Located atbulletPO BOX 70SOMERSETKY ZIP+4bullet425020070
    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
     
     
    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
     
     
    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
     
     
    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
    CUMBERLAND SECURITY BANK
    TRUST DEPARTMENTClick to see attachment     		TRUSTEE
    2.00     		34,684 0 0
    PO BOX 70
    SOMERSET,KY42502
    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  
    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.............bullet  
    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 N/A  
    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
    12,433,616
    b
    Average of monthly cash balances.......................
    1b
    980,453
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    384,927
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,798,996
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    13,798,996
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    206,985
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,592,011
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    679,601
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    679,601
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,570
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,570
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    677,031
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    677,031
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    677,031
    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
    1,264,808
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,264,808
    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
    2,570
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,262,238
    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 7 677,031
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 663,848
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,264,808
    a Applied to 2009, but not more than line 2a 663,848
    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 2010 distributable amount..... 600,960
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		76,071
    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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    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).)
    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.
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ONEIDA BAPTIST INSTITUTE
    PO BOX 67
    ONEIDA,KY40972     		    PER DONEE'S GENERAL PURPOSE 125,614
    SOUTHERN SEMINARY
    2825 LEXINGTON ROAD
    LOUISVILLE,KY40280     		    PER DONEE'S GENERAL PURPOSE 62,807
    KY BAPTIST HOME FOR CHILD
    PO BOX 1429
    300 HOPE STREET
    MT WASHINGTON,KY40047     		    PER DONEE'S GENERAL PURPOSE 125,614
    UNIVERSITY OF KENTUCKY
    113 STURGILL DEVELOP BLD
    LEXINGTON,KY40506     		    PER DONEE'S GENERAL PURPOSE 87,930
    SOMERSET COMMUNITY COLLEG
    808 MONTICELLO ST
    SOMERSET,KY42501     		    PER DONEE'S GENERAL PURPOSE 62,807
    GRACE BAPTIST CHURCH
    120 LOSEY STREET
    SOMERSET,KY42503     		    PER DONEE'S GENERAL PURPOSE 314,034
    UNIV OF THE CUMBERLANDS
    6191 COLLEGE STATION DR
    WILLIAMSBURG,KY40769     		    PER DONEE'S GENERAL PURPOSE 125,613
    CLEAR CREE BAPTIST BIBLE
    300 CLEAR CREEK ROAD
    PINEVILLE,KY40977     		    PER DONEE'S GENERAL PURPOSE 125,613
    BEREA COLLEGE
    CPO 2214
    BEREA,KY40404     		    PER DONEE'S GENERAL PURPOSE 62,807
    MASONIC HOME OF LOUISVILL
    240 MASONIC HOME DR
    MASONIC HOME,KY40041     		    PER DONEE'S GENERAL PURPOSE 62,807
    BURNSIDE MASONIC LODGE
    PO BOX 217
    BURNSIDE,KY42519     		    PER DONEE'S GENERAL PURPOSE 25,123
    TATEVILLES BAPTIST CHURCH
    PO BOX 272
    TATEVILLE,KY42558     		    PER DONEE'S GENERAL PURPOSE 37,684
    BRONSTON BAPTIST CHURCH
    401 HIGHWAY 790
    BRONSTON,KY42518     		    PER DONEE'S GENERAL PURPOSE 37,684
    Total .................................bullet 3a 1,256,137
    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     14 259,661  
    4 Dividends and interest from securities....     14 172,510  
    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     14 6,112 37,777
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aSBA INFRASTRUCTURE, LLC-TOWER     16 6,450  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   444,733 37,777
    13Total. Add line 12, columns (b), (d), and (e)...................
    13482,510
    (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:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTANT FEES 2,135      

    TY 2010 CompensationExplanation
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Person Name Explanation
    CUMBERLAND SECURITY BANK
    TRUST DEPARTMENT     		 

    TY 2010 InvestmentsOtherSchedule2
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DUPREE INVESTMENTS      
    UVEST INVESTMENTS-IRR TR 3R9-559038      
    FDIC INSURED BANK DEPOSITS   172,783 172,783
    97,000 DISCOVER BANK GREENWOOD   105,377 105,377
    17,000 E TRADE BK ARLINGTON   17,131 17,131
    97,000 GOLDMAN SACHS BK USA SALT   108,847 108,847
    95,000 LEHMAN COML BK SALT LAKE CITY   101,047 101,047
    95,000 LEHMAN BROS BK FSB WILMINGTON   101,047 101,047
    100,000 MONROE BK & TR CO CTF   103,940 103,940
    100,000 PROVIDENT BK MD BALTIMORE   105,839 105,839
    97,000 WASHINGTON MUT BK FSB   104,188 104,188
    97,000 WASHINGTON MUT BK HENDERSON   104,188 104,188
    20,000 MERIT SECURITIES CORP COLL BD   16,752 16,752
    25,000 BARBOURVILLE KY EDL BLDG REV   25,140 25,140
    10,000 BEDFORD CNTY VA INDL DEV AUTH   9,589 9,589
    10,000 BOONE CNTY KY SCH DIST FIN CO   10,310 10,310
    50,000 BOONE-FLORENCE WTR COMMN KY W   52,589 52,589
    15,000 BOYD CNTY KY PUB PJ-DETENTION   15,212 15,212
    10,000 BRECKINRIDGE CNTY KY BLDGS CO   10,003 10,003
    10,000 CAMPBELL KENTON CNTYS KY SANT   10,368 10,368
    35,000 CAMPBELLSVILLE KY EDL BLDG RE   33,085 33,085
    25,000 DAWSON SPRINGS KY WTR SWR REV   25,901 25,901
    20,000 DENVER COLO CITY CNTY ARPT RE   19,011 19,011
    15,000 EAST PENDLETON WTR DIST KY WT   15,006 15,006
    15,000 EASTERN KY UNIV REVS CONS EDL   15,544 15,544
    50,000 ELIZABETHOWN KY POLICE FIRE S   48,960 48,960
    15,000 EMINENCE KY INDPT SCH DIST FI   15,123 15,123
    15,000 ERLANGER-ELSMERE KY INDPT SCH   15,037 15,037
    10,000 FAYETTE CNTY KY SCH DIST FIN   10,100 10,100
    15,000 FLEMING CNTY KY SCH DIST FIN   15,144 15,144
    15,000 GEROGETOWN KY COLLEGE REV   16,211 16,211
    25,000 GOLDEN ST TOB SECURITIZATION   22,910 22,910
    25,000 GRAVES CNTY KY EDL FACS REV   25,594 25,594
    15,000 GRAYSON KY EDL FACS   14,171 14,171
    25,000 GUTHRIE KY UTIL SYS REV FRDG   25,507 25,507
    15,000 HARLAN CNTY KY EMPT-DETENTION   12,999 12,999
    10,000 JEFFERSON CNTY KY HEALTH FACS   10,032 10,032
    25,000 KENTON CNTY KY SCH DIST FIN C   26,359 26,359
    125,000 KENTUCKY AREA DEV DISTR FING   127,840 127,840
    25,000 KENTUCKY ECONOMIC DEV FIN AUT   25,502 25,502
    10,000 KY RURAL WTR FIN CORP PUB PRO   10,241 10,241
    35,000 KENTUCKY ST PPTY BLDGS COMMN   36,444 36,444
    10,000 KENTUCKY ST TPK AUTH TOLL RD   10,246 10,246
    15,000 LEXINGTON-FAYETTE URBAN CNTY   15,689 15,689
    70,000 LOUISVILLE JEFFERSON CNTY KY   71,210 71,210
    10,000 LOUISVILLE & JEFFERSON CNTY K   9,896 9,896
    10,000 MADISON CNTY KY SCH DIST   9,765 9,765
    30,000 MARION CNTY KY HEALTH SYS REV   30,036 30,036
    15,000 MARION-CRITTENDEN CNTY INDL D   14,166 14,166
    15,000 MUNFORDVILLE KY INDL DEV REV   15,854 15,854
    30,000 NICHOLAS CNTY KY HOSP COPR RE   30,600 30,600
    20,000 NORTHERN KY WTR DIST REV SER   20,399 20,399
    45,000 PIKE CNTY KY SCH DIST FIN COR   45,440 45,440
    20,000 SPRINGFIELD KY EDL DEV REV   17,157 17,157
    40,000 UNIVERSITY KY UNIV REVS CONS   40,612 40,612
    10,000 UNIVERSITY KY UNIVER REVS   10,310 10,310
    10,000 WILLIAMSTOWN KY UTIL SYS REV   10,210 10,210
    25,000 WOODFORD CNTY KY SCH DIST FIN   25,160 25,160
    30,000 BANK AMER CORP SUB INTERNOTES   29,137 29,137
    20,000 GENERAL ELEC CAP CORP MEDIUM   20,761 20,761
    138,000 GENERAL ELEC CAP CORP INTERN   139,980 139,980
    40,000 GENERAL MTRS ACCEP CORP SMART   36,945 36,945
    73,138.658 AMCAP FUND CLASS A   1,377,201 1,377,201
    25,759.151 COLUMBIA ACORN INTERNATIO   1,052,777 1,052,777
    50,146.798 COLUMBIA SMALL CAP INDEX   864,029 864,029
    98,230.972 COLUMBIA MID CAP VALUE FU   1,321,207 1,321,207
    45,613.710 FRANKLIN INTERNATIONAL SM   764,942 764,942
    49177.67 SHS FUNDAMENTAL INVESTORS C   1,804,820 1,804,820
    45,047.945 SHS MUTUAL GLOBAL DISCOVE   1,314,949 1,314,949
    93,009.241 TEMPLETON GLOBAL BOND FUN   1,263,996 1,263,996
    300 SHS GARMIN LTD   9,297 9,297
    600 SHS AT&T INC. COM   17,628 17,628
    200 SHS ABBOTT LABS COM   9,582 9,582
    700 SHS ALTRIA GROUP INC. COM   17,234 17,234
    2850 SHS AMERICA MOVIL SAB DE D V   163,419 163,419
    20 SHS AMERICAN INTL GROUP INC.   1,152 1,152
    400 SHS ANADARKO PETE CORP   30,464 30,464
    450 SHS APPLIED MATERIALS INC.   6,323 6,323
    378 SHS BP PLC SPONS ADR   16,696 16,696
    635 SHS BRISTOL MYERS SQUIBB CO. COM   16,815 16,815
    200 SHS CHEVRON CORP NEW COM   18,250 18,250
    500 SHS CHINA MED TECHNOLOGIES INC.   5,620 5,620
    1500 SHS CISCO SYSTEMS INC.   30,345 30,345
    300 SHS CITIGROUP INC. COM   1,419 1,419
    1000 SHS COCA COLA COMPANY   65,770 65,770
    1146 SHS COMMUNITY TR BANCORP INC.   33,188 33,188
    1000 SHS DPL INC.   25,710 25,710
    331 SHS DELTA AIRLINES INC.   4,171 4,171
    207 SHS DOW CHEM CO   7,067 7,067
    1000 SHS DUKE ENERGY CORP NEW COM   17,810 17,810
    900 SHS EXXON MOBIL CORP   65,808 65,808
    400 SHS FORTUNE BRANDS INC. COM   24,100 24,100
    240 SHS FRONTIER COMMUNICATIONS CORP   2,335 2,335
    1100 SHS GENERAL ELECTRIC CO. COM   20,119 20,119
    600 SHS GLAXOSMITHKLINE PLC SPONS   23,532 23,532
    200 SHS HARLEY DAVIDSON INC.   6,934 6,934
    200 SHS HEINZ H J COMPANY   9,892 9,892
    500 SHS HUMANA INC. COM   27,370 27,370
    800 SHS IDEXX LABS INC. COM   55,376 55,376
    465 SHS JP MORGAN CHASE & CO COM   19,725 19,725
    1000 SHS KRAFT FOODS INC. CL A   31,510 31,510
    200 SHS ELI LILLY & CO COM   7,008 7,008
    500 SHS MCDONALDS CORP   38,380 38,380
    100 SHS MERCK & CO INC.   3,604 3,604
    300 SHS MICROSOFT CORP COM   8,376 8,376
    1106 SHS NEWS CORP CL A   16,103 16,103
    300 SHS PEPSICO INC.   19,599 19,599
    1400 SHS PFIZER INC. COM   24,514 24,514
    700 PHILIP MORRIS INTL INC. COM   40,971 40,971
    500 SHS PROGRESS ENERGY INC. COM   21,740 21,740
    1320 SHS REYNOLDS AMERN INC. COM   43,058 43,058
    200 SHS SOUTHERN CO. COM   7,646 7,646
    390 SHS SPECTRA ENERGY CORP COM   9,746 9,746
    2400 SHS TELEFONOS DE MEXICO SA DE C   38,736 38,736
    2800 SHS TEXAS INSTRUMENTS INC.   91,000 91,000
    400 SHS UNITED PARCEL SVC INC.   29,032 29,032
    600 SHS UNITEDHEALTH GROUP INC. COM   21,666 21,666
    1000 SHS VERIZON COMMUNICATIONS   35,780 35,780
    500 SHS WINDSTREAM CORP COM   6,970 6,970
    2000 SHS ALABAMA PWR CO SER   52,000 52,000
    1000 SHS CITIGROUP CAP VIII CAP SEC   24,200 24,200
    400 SHS DTE ENERGY TR I GTD   10,588 10,588
    985 SHS JP MORGAN CHASE CAP XII   24,852 24,852
    1000 SHS WELLS FARGO CAP XI ENHANCED   25,110 25,110
    800 SHS DEVELOPERS DIVERSIFIED   19,056 19,056
    200 SHS VENTAS INC. COM   10,496 10,496
    495 SHS WEINGARTEN REALTY INVESTORS   11,761 11,761

    TY 2010 LegalFeesSchedule
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 4,081      


    TY 2010 OtherExpensesSchedule
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BAD DEBT 354,537 43,889    
    P.O. BOX RENTAL 70      


    TY 2010 OtherIncomeSchedule2
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SBA INFRASTRUCTURE, LLC-TOWER 6,450    


    TY 2010 OtherIncreasesSchedule
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 1,007,911


    TY 2010 OtherNotesLoansRcvblShortSch2
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Name of 501(c)(3) Organization Balance Due
    DONALD MARTIN RECEIVABLE
          		16,370
    FRANCES MARTIN RECEIVABLE
          		1,287
    ROGER COREY RECEIVABLE
          		2,500
    JOHNNY FULCHER RECEIVABLE
          		46,572
    TIM TARTER RECEIVABLE
          		17,862
    GERRY RANDALL RECEIVABLE
          		6,698
    JESS HODGES RECEIVABLE
          		350,000
    DIVIDEND RECEIVABLE FROM DUPREE
          		31,737


    TY 2010 TaxesSchedule
    Name:
    WO & LOIS NEWELL CHARITABLE TRUST
    CUMBERLAND SECURITY BANK
    EIN: 26-3939254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 7,699