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
2011
For calendar year 2011, or tax year beginning 03-01-2011 , and ending 02-29-2012
G
Check all that apply:
Name of foundation
OLIVER W STORER SCHOLARSHIP FOUNDATION
2820124700 / R60754000

Number and street (or P.O. box number if mail is not delivered to street address)JPMORGAN CHASE BANKNAPOBOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

35-6012044
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$5,049,468J 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 137 137  
4 Dividends and interest from securities...... 128,970 128,983  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 141,103
b Gross sales price for all assets on line 6a 4,384,080
7 Capital gain net income (from Part IV, line 2)... 142,109
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 1,654 1,654  
12 Total. Add lines 1 through 11........ 271,864 272,883  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,894 42,670   14,224
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 7,500 0   7,500
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,606 980   0
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 2,320 388   2,320
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 71,320 44,038   24,044
25 Contributions, gifts, grants paid........ 151,056 151,056
26 Total expenses and disbursements. Add lines 24 and 25 222,376 44,038   175,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 49,488
b Net investment income (if negative, enter -0-) 228,845
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 (2011)
Form 990-PF (2011)
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............... 95,673 91,470 91,470
2 Savings and temporary cash investments.......... 271,415 413,734 413,734
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment598,428 619,360
b Investments—corporate stock (attach schedule)........ 2,611,842 Click to see attachment2,217,241 2,494,742
c Investments—corporate bonds (attach schedule)........ 1,691,712 Click to see attachment1,404,026 1,430,162
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 4,670,642 4,724,899 5,049,468
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 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......... 4,670,642 4,724,899
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,670,642 4,724,899
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,670,642 4,724,899
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 4,670,642
2 Enter amount from Part I, line 27a..................... 2 49,488
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 5,249
4 Add lines 1, 2, and 3.......................... 4 4,725,379
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 480
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,724,899
Form 990-PF (2011)
Form 990-PF (2011)
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 PUBLICLY TRADED SECURITIES      
b POWERSHARES DB COMMODITY TRACKING INDEX FD- ST CAP LOSS P   2011-12-31
c POWERSHARES DB COMMODITY TRACKING INDEX FD- SL CAP GAIN P   2011-12-31
d POWERSHARES DB COMMODITY TRACKING INDEX FD- SEC 1256 CAP GAIN P   2011-12-31
e CAPITAL GAINS DIVIDENDS P    
(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 4,365,424   4,242,977 122,447
b       -213
c       877
d       342
e 18,656     18,656
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       122,447
b       -213
c       877
d       342
e       18,656
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 2 142,109
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))
2010 188,407 4,828,099 0.039023
2009 207,959 4,440,601 0.046831
2008 234,549 4,690,172 0.050009
2007 273,756 5,644,751 0.048497
2006 288,332 5,314,454 0.054254
2 Total of line 1, column (d) ...................... 2 0.238614
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 0.047723
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,950,218
5 Multiply line 4 by line 3....................... 5 236,239
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,288
7 Add lines 5 and 6......................... 7 238,527
8 Enter qualifying distributions from Part XII, line 4.............. 8 175,100
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 (2011)
Form 990-PF (2011)
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 4,577
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 4,577
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 4,577
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,800
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 2,800
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 1,777
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)bulletIN
    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 2011 or the taxable year beginning in 2011 (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 ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (312) 732-6253
    Located atbullet10 S DEARBORN FL 10CHICAGOIL ZIP+4bullet60603
    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 2011, 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 (2011)
    Form 990-PF (2011)
    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
     
    No
    .........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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    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 2011 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 2011.)....................
    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 2011?
    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 (2011)
    Form 990-PF (2011)
    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
    JPMORGAN CHASE BANK NA TRUSTEE
    2.00     		56,894 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    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 (2011)
    Form 990-PF (2011)
    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..........................bullet0
    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
    4,722,453
    b
    Average of monthly cash balances.......................
    1b
    303,149
    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
    5,025,602
    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
    5,025,602
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    75,384
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,950,218
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    247,511
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    247,511
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    4,577
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,577
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    242,934
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    4,600
    5
    Add lines 3 and 4............................
    5
    247,534
    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
    247,534
    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
    175,100
    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
     
    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
    175,100
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    175,100
    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 (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 247,534
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 67,580
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 175,100
    a Applied to 2010, but not more than line 2a 67,580
    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 2011 distributable amount..... 107,520
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 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 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		140,014
    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 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 2011, 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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:
    CHARLES E RETHERFORD CO BEASLEY GIL
    110 EAST CHARLES STREET
    MUNCIE,IN47308
    (765) 289-0661
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING , STATING PURPOSE AND NEED
    cAny submission deadlines:
    SIXTY DAYS PRIOR TO START OF SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RECIPIENT MUST BE A HIGH SCHOOL GRADUATE OF DELAWARE COUNTY, IN
    Form 990-PF (2011)
    Form 990-PF (2011)
    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
    BALL STATE UNIVERSITY FBO AMANDA MEAD
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO AMANDA MEAD
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO AUBREY GREEN
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO BRYCE RECTOR
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO BRYCE RECTOR
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO DEREK SEWELL
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO DEREK SEWELL
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO ERICA FRAZEE
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO ERICA FRAZEE
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO KATERINA MORGAN
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO KATERINA MORGAN
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BALL STATE UNIVERSITY FBO KATHERINE PHILLIPS
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KATHERINE PHILLIPS
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KATIE FRAZEE
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KATIE FRAZEE
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KELSEY JACKSON
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KELSEY JACKSON
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KRISTA MILLER
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO KRISTA MILLER
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO LAINEY NEAL
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO LAINEY NEAL
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO SHELBY LOGAN
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO SHELBY LOGAN
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO STEPHANIE BRISTOW
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,978
    BALL STATE UNIVERSITY FBO STEPHANIE BRISTOW
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,978
    BALL STATE UNIVERSITY FBO VALERIE LEMONS
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BALL STATE UNIVERSITY FBO VALERIE LEMONS
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BELMONT UNIVERSITY FBO ANNA MERRILL
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BELMONT UNIVERSITY FBO ANNA MERRILL
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BUTLER UNIVERSITY FBO BONNIE KAMINSKY
    4600 SUNSET AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BUTLER UNIVERSITY FBO BONNIE KAMINSKY
    4600 SUNSET AVE
    INDIANAPOLIS,TN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    BUTLER UNIVERSITY FBO KELLY ANN CRIDER
    4600 SUNSET AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BUTLER UNIVERSITY FBO KELLY ANN CRIDER
    4600 SUNSET AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BUTLER UNIVERSITY FBO VALENA MEADE
    4600 SUNSET AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    BUTLER UNIVERSITY FBO VALENA MEADE
    4600 SUNSET AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    CORNELL UNIVERSITY FBO TINA AHMADI
    349 PINE TREE ROAD
    ITHACA,NY14850     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    CORNELL UNIVERSITY FBO TINA AHMADI
    349 PINE TREE ROAD
    ITHACA,NY14850     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    DUKE UNIVERSITY FBO JAMES HSEIH
    BOX 90397 2127 CAMPUS DR ANNEX
    DURHAM,NC27708     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    DUKE UNIVERSITY FBO JAMES HSEIH
    BOX 90397 2127 CAMPUS DR ANNEX
    DURHAM,NC27708     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    HARDING UNIVERSITY FBO HEATHER HAGUE
    915 E MARKET AVENUE
    SEARCY,AR72149     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    HARDING UNIVERSITY FBO HEATHER HAGUE
    915 E MARKET AVENUE
    SEARCY,AR72149     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    INDIANA UNIVERSITY- OFFICE OF BURSAR FBO BENJAMIN SMITH
    601 E KIRKWOOD AVENUE
    BLOOMINGTON,IN47405     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    INDIANA UNIVERSITY- OFFICE OF BURSAR FBO BENJAMIN SMITH
    601 E KIRKWOOD AVENUE
    BLOOMINGTON,IN47405     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    INDIANA UNIVERSITY- OFFICE OF BURSAR FBO FRANK TRECHSEL
    601 E KIRKWOOD AVENUE
    BLOOMINGTON,IN47405     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    INDIANA UNIVERSITY- OFFICE OF BURSAR FBO FRANK TRECHSEL
    601 E KIRKWOOD AVENUE
    BLOOMINGTON,IN47405     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    INDIANA WESLEYAN UNIVERSITY FBO PAGE ELLCESSOR
    4201 S WASHINGTON ST
    MARION,IN46953     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    INDIANA WESLEYAN UNIVERSITY FBO PAGE ELLCESSOR
    4201 S WASHINGTON ST
    MARION,IN46953     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    MARANATHA BAPTIST BIBLE COLLEGE FBO KAEYN MCKEE
    745 WEST MAIN STREET
    WATERTOWN,WI53094     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    MARANATHA BAPTIST BIBLE COLLEGE FBO KAEYN MCKEE
    745 WEST MAIN STREET
    WATERTOWN,WI53094     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    NORTHWESTERN UNIVERSITY FBO DERRICK WU
    1801 HINMAN AVE 2ND FL
    EVANSTON,IL60208     		NONE PUBLIC CHARITY SCHOLARSHIP 1,533
    NORTHWESTERN UNIVERSITY FBO DERRICK WU
    1801 HINMAN AVE 2ND FL
    EVANSTON,IL60208     		NONE PUBLIC CHARITY SCHOLARSHIP 1,533
    NORTHWESTERN UNIVERSITY FBO DERRICK WU
    1801 HINMAN AVE 2ND FL
    EVANSTON,IL60208     		NONE PUBLIC CHARITY SCHOLARSHIP 1,534
    OLIVET NAZARENE UNIVERSITY FBO ALEXANDER SWICKARD
    ONE UNIVERSITY AVENUE
    BOURBONAIS,IL609142345     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    OLIVET NAZARENE UNIVERSITY FBO ALEXANDER SWICKARD
    ONE UNIVERSITY AVENUE
    BOURBONAIS,IL609142345     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    OLIVET NAZARENE UNIVERSITY FBO KYLE THOMPSON
    ONE UNIVERSITY AVENUE
    BOURBONAIS,IL609142345     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    OLIVET NAZARENE UNIVERSITY FBO KYLE THOMPSON
    ONE UNIVERSITY AVENUE
    BOURBONAIS,IL609142345     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    PURDUE UNIVERSITY FBO CARMEN HUFFMAN
    HOVDE HALL
    WEST LAFAYETTE,IN49006     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    PURDUE UNIVERSITY FBO CARMEN HUFFMAN
    HOVDE HALL
    WEST LAFAYETTE,IN49006     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    PURDUE UNIVERSITY FBO TYLER ASHBY
    HOVDE HALL
    WEST LAFAYETTE,IN46202     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    PURDUE UNIVERSITY FBO TYLER ASHBY
    HOVDE HALL
    WEST LAFAYETTE,IN49006     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO ELIZABETH LUKE
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO ELIZABETH LUKE
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO ERIKA HAPNER
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    TAYLOR UNIVERSITY FBO ERIKA HAPNER
    236 W READE AVE
    UPLAND,TN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 2,300
    TAYLOR UNIVERSITY FBO ETHAN EVANS
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO ETHAN EVANS
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO KELSEY CARR
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TAYLOR UNIVERSITY FBO KELSEY CARR
    236 W READE AVE
    UPLAND,IN46989     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TUSCULUM COLLEGE FBO SAMANTHA UNDERWOOD
    60 SHILOH ROAD
    GREENVILLE,TN37743     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    TUSCULUM COLLEGE FBO SAMANTHA UNDERWOOD
    60 SHILOH ROAD
    GREENVILLE,TN37743     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF EVANSVILLE FBO BRITTANY SHEFFIELD
    OLMSTEAD ADM HALL RM 116
    EVANSVILLE,IN47722     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF EVANSVILLE FBO BRITTANY SHEFFIELD
    OLMSTEAD ADM HALL RM 116
    EVANSVILLE,IN47722     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF EVANSVILLE FBO MOLLY RAWSON
    OLMSTEAD ADM HALL RM 116
    EVANSVILLE,IN47722     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF EVANSVILLE FBO MOLLY RAWSON
    OLMSTEAD ADM HALL RM 116
    EVANSVILLE,IN47722     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF KENTUCKY FBO GEORGE CORPEL III
    128 FUNKHOUSER BUILDING
    LEXINGTON,KY40506     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF KENTUCKY FBO GEORGE CORPEL III
    128 FUNKHOUSER BUILDING
    LEXINGTON,KY40506     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF SOUTHERN INDIANA FBO CASSANDRA LOU BEDELL
    8600 UNIVERSITY BLVD STUDENT
    FINANCIAL ASST
    EVANSVILLE,IN47712     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    UNIVERSITY OF SOUTHERN INDIANA FBO CASSANDRA LOU BEDELL
    8600 UNIVERSITY BLVD STUDENT
    FINANCIAL ASST
    EVANSVILLE,IN47712     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    WABASH COLLEGE FB TAYLOR NEAL
    410 W WABASH AVE TRIPPET HALL
    CRAWFORDSVILLE,IN47933     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    WABASH COLLEGE FB TAYLOR NEAL
    410 W WABASH AVE TRIPPET HALL
    CRAWFORDSVILLE,IN47933     		NONE PUBLIC CHARITY SCHOLARSHIP 1,800
    Total .................................bullet 3a 151,056
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2011)
    Form 990-PF (2011)
    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     14 137  
    4 Dividends and interest from securities....     14 128,970  
    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.....     14 1,654  
    8Gain or (loss) from sales of assets other than inventory     18 141,103  
    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).. 0 271,864 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13271,864
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PAYDEN HIGH INCOME FD - 33958.25 SHS 238,047 243,141
    EATON VANCE FLOATING RATE I - 11494.257 SHS 102,731 103,103
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 7180.828 SHS 105,093 104,481
    JPM STR INC OPP FD- 14550.772 SHS 168,061 168,207
    JPM INTL CURRENCY INCOME FD - 9301.313 SHS 107,244 103,803
    JPM TR I INFL MANAGED BD - SEL - 4709.831 SHS 50,301 50,584
    JPM TR I MLT SC INC - SEL - 6374.434 SHS 64,127 64,955
    JPMORGAN TR I FLOAT RATE INC - 24693.706 SHS 238,047 242,245
    BARC 93% PPN CURRENCY BASKET 9/13/13 - 35000 SHS 34,831 34,024
    GS 95% PP CMIT BASKET 11/18/13 - 35000 SHS 34,711 34,182
    FANNIE MAE NOTES 4 3/8% OCT 15 2015 - 45000 SHS 49,180 50,900
    FREDDIE MAC 6% SER 2368 OCT 15 2016 - 5080.85 SHS 5,183 5,368
    GNMA 6% MAR 15 2034 POOL NO 627134 - 7349.72 SHS 7,496 8,321
    U S A NOTES 2 1/4% MAY 31 2014- 10000 SHS 10,381 10,426
    FED HOME LN MTG CO PARN CTFS GR 5.50% DUE 02/01/2033 - 2793.14 SHS 2,901 3,044
    FED HOME LN MTG CORP PARN CTFS 4.00% DUE 01/01/2018 - 8365.81 SHS 8,040 8,874
    FED HOME LN MTG CORP PARN CTFS 4.40% DUE 06/01/2018 - 4006.76 SHS 4,125 4,264
    FED HOME LN MTG CORP PATN CTFS 4.50% DUE 03/01/2020 - 12308.93 SHS 12,205 13,369
    FEDERAL HOME LN MTG CO MULTIC 7.000% DUE 02/15/2028 - 9219.39 SHS 9,484 10,850
    FEDERAL HM LN MTG CO MULTICL 6.50% DUE 05/15/2031 - 7887.87 SHS 8,198 8,825
    FHLMC MULTIC 6.00% DUE 03/15/2017 - 5389.36 SHS 5,521 5,790
    FEDERAL NATL MTG ASSN GTD REMIC 6.00% DUE 07/18/2027 - 9478.62 SHS 9,550 10,688
    FEDERAL NATL MTG ASSN GTD 6.00% DUE 04/01/2016 - 1411.17 SHS 1,319 1,553
    FEDERAL NATL MTG ASSN GTD 6.50% DUE 04/01/2025 - 9013.41 SHS 9,280 10,115
    GNMA GTD CTF POOL 6.00% DUE 05/15/2014 - 2292.71 SHS 2,220 2,517
    FANNIE MAE NOTES 4 5/8% OCT 15 2013 - 10000 SHS 9,504 10,692
    FANNIE MAE NOTES 5 1/4% SEP 15 2016 - 15000 SHS 15,549 17,870
    FANNIE MAE NOTES 5 3/8% JUN 12 2017 - 15000 SHS 18,106 18,245
    FEDERAL NATL MTG ASSN GTD MTG 7.50% DUE 07/01/2016 - 637.52 SHS 634 694
    FEDERAL NATL MTG ASSN GTD MTG 7.00% DUE 05/01/2018 - 353.19 SHS 360 394
    FEDERAL NATL MTG ASSN GTD MTG 7.00% DUE 01/01/2028 - 4591 SHS 4,664 5,311
    FEDERAL NATL MTG ASSN GTD MTG 6.50% DUE 03/01/2032 - 4674.17 SHS 4,685 5,345
    FEDERAL NATL MTG ASSN GTD6.50% DUE 07/01/2032 - 2442.89 SHS 2,498 2,787
    FNMA GTD REMIC PASS THRU 6.00% DUE 12/25/2031 - 6309.47 SHS 6,423 7,084
    FEDERAL HM LN MTG CP MLTCL4.00% DUE 09/15/2017 - 4998.4 SHS 4,716 5,061
    FEDERAL NATL MTG ASSN GTD REMIC 6.00% DUE 06/25/2016 - 227.24 SHS 226 227
    FEDERAL NATL MTG ASSN GTD MTG 5.50% DUE 03/01/2018 - 7027.27 SHS 7,251 7,673
    FEDERAL NATL MTG ASSN GTD 5.00% DUE 07/01/2033 - 5999.89 SHS 6,165 6,487
    FEDERAL NATL MTG ASSN GTD 5.50% DUE 08/01/2033 - 6385.93 SHS 6,350 6,988
    FEDERAL NATL MTG ASSN GTD MTG 5.00% DUE 08/01/2033 - 8204.63 SHS 8,212 9,127
    FEDERAL NATL MTG ASSN GTD MTG 5.50% DUE 01/01/2034 - 6517.72 SHS 6,377 7,122
    FEDERAL NATL MTG ASSN GTD5.50% DUE 03/01/2035 - 13938.11 SHS 14,030 15,426

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DELAWARE EMERGING MKTS FUND - 1165.513 SHS 15,711 16,772
    MATTHEWS PACIFIC TIGER FD - 6512.923 SHS 142,828 148,430
    T ROWE PRICE INTL FUNDS INC NEW ASIA FUND - 1290.959 SHS 27,015 20,475
    DODGE & COX INTL STOCK - 212.851 SHS 4,461 7,005
    ISHARES RUSSELL MIDCAP INDEX FUND - 700 SHS 59,994 76,034
    ARBITRAGE FUNDS - I CL I - 7546.437 SHS 99,401 99,764
    JPM EQU INCOME FD - SEL - 9951.374 SHS 90,458 99,016
    JPM LARGE CAP GROWTH FD - SEL- 4453.368 SHS 96,059 107,059
    JPM MARKET EXPANSION INDEX FD - SEL - 5209.018 SHS 34,744 55,736
    JPM INTL VALUE FD - SEL - 12012.481 SHS 142,828 149,676
    MANAGERS AMG FDS-TIMESSQUARE MID CAP GROWTH FD - 7910.075 SHS 95,000 117,544
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 1580 SHS 35,819 46,326
    SPDR GOLD TRUST - 305 SHS 34,727 50,107
    VIRTUS INSIGHT TR EMRG FD I - 5237.565 SHS 47,609 50,752
    ARTIO INTL EQU II - I - 6602.507 SHS 49,915 71,241
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 2772.209 SHS 41,317 50,621
    MATTHEWS PACIFIC TIGER INSTL FD - 1386.696 SHS 26,281 31,603
    MS CONT BUFF EQ SPX 06/20/12 - 75000 SHS 74,250 78,611
    BARC REN SPX 08/01/12 - 75000 SHS 74,250 79,275
    BARC BREN EAFE 08/29/12- 50000 SHS 49,500 52,255
    HSBC MARKET PLUS SPX 02/19/13 - 75000 SHS 74,063 84,930
    HSBC CONT BUFF EQ SPX 10/17/12- 70000 SHS 69,300 79,555
    DB BREN BRENT CRUDE 10/17/12 - 50000 SHS 49,500 55,830
    GS BREN EAFE 11/07/12 - 45000 SHS 44,550 47,123
    CS BREN EEM 12/05/12 1- 50000 SHS 49,500 54,830
    HSBC BREN SPX 10/31/12 - 75000 SHS 74,250 81,263
    RENAISSANCERE HOLDING LTD - 23 SHS 1,563 1,655
    AGL RESOURCE INC - 15 SHS 602 598
    ABBOTT LABORATORIES - 44 SHS 2,266 2,491
    AIR PRODUCTS & CHEMICALS INC - 50 SHS 4,491 4,512
    ALLERGAN INC - 25 SHS 2,086 2,240
    ALLSTATE CORP - 25 SHS 593 786
    ALTERA CORP - 95 SHS 3,380 3,655
    AMAZON COM INC - 30 SHS 5,815 5,391
    AMERICAN EXPRESS CO - 15 SHS 2,595 2,645
    ANADARKO PETROLEUM CORP - 55 SHS 3,790 4,627
    APACHE CORP - 15 SHS 1,831 1,619
    APPLE INC. - 72 SHS 24,300 39,056
    ARCHER DANIELS MIDLAND CO - 40 SHS 1,254 1,248
    AUTOZONE INC - 5 SHS 1,628 1,872
    BAKER HUGHES INC - 35 SHS 1,962 1,760
    CSX CORP - 80 SHS 1,555 1,681
    CVS CAREMARK CORP - 119 SHS 4,494 5,367
    CAMPBELL SOUP COMPANY - 100 SHS 3,420 3,332
    CAPITAL ONE FINANCIAL CORP - 65 SHS 1,569 1,771
    CARDINAL HEALTH INC - 120 SHS 5,239 4,986
    CELGENE CORPORATION - 65 SHS 3,926 4,766
    CISCO SYSTEMS INC - 714 SHS 11,663 14,194
    CITRIX SYSTEMS INC - 10 SHS 687 747
    COCA-COLA CO - 124 SHS 8,273 8,663
    COLGATE PALMOLIVE CO - 30 SHS 2,540 2,795
    D R HORTON INC - 110 SHS 1,247 1,577
    DARDEN RESTAURANTS INC - 10 SHS 464 510
    E I DU PONT DE NEMOURS & CO - 125 SHS 5,432 5,848
    E M C CORP MASS - 115 SHS 2,832 3,184
    EMERSON ELECTRIC CO - 175 SHS 8,621 8,804
    EXPRESS SCRIPTS INC - 70 SHS 3,263 3,733
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 165 SHS 5,705 6,384
    GENERAL ELECTRIC CO - 339 SHS 5,365 6,458
    GENERAL MILLS INC - 85 SHS 1,921 1,916
    HALLIBURTON CO - 70 SHS 2,260 2,561
    HOME DEPOT INC - 105 SHS 3,759 4,995
    HUMANA INC - 60 SHS 4,249 5,226
    HUNTINGTON BANCSHARES INC - 75 SHS 491 438
    INTERNATIONAL PAPER CO - 30 SHS 845 1,055
    JOHNSON & JOHNSON - 80 SHS 5,284 5,206
    JOHNSON CONTROLS INC - 296 SHS 9,940 9,658
    KOHLS CORP - 30 SHS 1,101 1,490
    LAM RESEARCH CORP - 120 SHS 4,680 5,004
    LENNAR CORP - 30 SHS 670 701
    LOWES COMPANIES INC - 125 SHS 2,790 3,548
    MASCO CORP - 195 SHS 2,172 2,317
    MICROSOFT CORP - 555 SHS 13,857 17,616
    MORGAN STANLEY - 216 SHS 4,179 4,005
    NVR INC - 5 SHS 3,409 3,460
    NIKE INC B - 30 SHS 2,806 3,238
    NORFOLK SOUTHERN CORP - 129 SHS 9,077 8,888
    NOVELLUS SYSTEMS INC - 15 SHS 440 697
    OCCIDENTAL PETROLEUM CORP - 136 SHS 10,643 13,151
    ORACLE CORP - 445 SHS 13,177 13,018
    P G & E CORPORATION - 85 SHS 3,502 3,543
    PACCAR INC - 150 SHS 6,218 6,902
    PFIZER INC - 550 SHS 11,158 11,619
    PIONEER NATURAL RESOURCES CO - 0 SHS 546 548
    PROCTER & GAMBLE CO - 192 SHS 12,312 12,983
    QUALCOMM INC - 117 SHS 6,363 7,275
    SPX CORP - 25 SHS 1,631 1,829
    SANDISK CORP - 20 SHS 733 990
    SCHLUMBERGER LTD - 203 SHS 14,997 15,755
    SOUTHWESTERN ENERGY CO -40 SHS 1,724 1,322
    SPRINT NEXTEL CORP - 260 SHS 1,420 642
    STATE STREET CORP - 40 SHS 1,668 1,689
    SUNTRUST BANKS INC - 120 SHS 2,331 2,755
    TJX COMPANIES INC - 40 SHS 1,305 1,464
    TEXAS INSTRUMENTS INC - 100 SHS 3,321 3,335
    UNITED TECHNOLOGIES CORP - 153 SHS 12,338 12,832
    V F CORP - 25 SHS 3,218 3,651
    VALERO ENERGY CORP - 25 SHS 637 612
    VERTEX PHARMACEUTICALS INC - 50 SHS 1,444 1,946
    WALTER ENERGY INC - 20 SHS 1,417 1,297
    WILLIAMS COMPANIES INC - 155 SHS 5,070 5,378
    XILINX CORP - 110 SHS 3,489 4,062
    MARRIOTT INTL INC CL A - 45 SHS 1,283 1,588
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 55 SHS 3,780 3,902
    RANGE RESOURCES CORP - 10 SHS 590 637
    WELLS FARGO & CO - 538 SHS 14,762 16,834
    MCKESSON CORP - 35 SHS 2,438 2,923
    BANK OF AMERICA CORP - 714 SHS 5,524 5,691
    GOLDMAN SACHS GROUP INC - 65 SHS 7,720 7,484
    DEVON ENERGY CORP - 30 SHS 1,932 2,199
    EOG RESOURCES INC - 50 SHS 5,337 6,262
    HONEYWELL INTL INC - 110 SHS 5,285 6,553
    TARGET CORP - 70 SHS 3,556 3,968
    PPL CORP - 80 SHS 2,300 2,284
    EVEREST RE GROUP LTD - 10 SHS 930 879
    UNITEDHEALTH GROUP INC - 205 SHS 10,009 11,429
    VERIZON COMMUNICATIONS INC - 241 SHS 8,811 9,185
    FLUOR CORP - 75 SHS 4,262 4,536
    US BANCORP DEL - 87 SHS 2,140 2,558
    CHEVRON CORP - 70 SHS 6,978 7,638
    NASDAQ OMX GROUP INC - 25 SHS 657 659
    YUM BRANDS INC - 65 SHS 3,492 4,306
    COMCAST CORP CL A - 295 SHS 6,335 8,674
    CARNIVAL CORPORATION - 135 SHS 4,444 4,089
    GOOGLE INC CL A - 7 SHS 3,848 4,328
    AMERIPRISE FINANCIAL INC - 75 SHS 3,833 4,182
    AT&T INC - 229 SHS 6,685 7,005
    CBS CORP CLASS B W/I - 170 SHS 3,637 5,083
    CAMERON INTERNATIONAL CORPORATION - 20 SHS 999 1,114
    CME GROUP INC CLASS A COM STOCK - 30 SHS 8,084 8,685
    INVESCO LTD - 160 SHS 3,129 3,963
    PHILIP MORRIS INTL - 95 SHS 7,332 7,934
    NETAPP INC - 45 SHS 1,710 1,935
    LORILLARD INC - 5 SHS 658 655
    ACE LTD NEW - 65 SHS 4,142 4,661
    EQT CORPORATION - 40 SHS 2,011 2,121
    TIME WARNER CABLE INC - 20 SHS 1,481 1,587
    TYCO INTERNATIONAL LTD - 85 SHS 3,871 4,405
    TIME WARNER INC NEW - 408 SHS 15,643 16,484
    GEORGIA GULF CORP COM PAR $0.01 NEW - 40 SHS 1,192 1,290
    ACCENTURE PLC-CL A - 10 SHS 595 595
    MERCK AND CO INC - 563 SHS 19,404 21,490
    DIRECTV CLASS A - 50 SHS 2,256 2,316
    NEXTERA ENERGY INC - 55 SHS 3,118 3,273
    XL GROUP PLC - 140 SHS 2,684 2,912
    COVIDIEN PLC NEW - 155 SHS 7,550 8,099
    CITIGROUP INC NEW - 270 SHS 10,137 8,996
    MARATHON PETROLEUM CORP - 45 SHS 1,672 1,870
    BROADCOM CORP CL A - 20 SHS 612 743
    JUNIPER NETWORKS INC - 45 SHS 1,011 1,024
    EXXON MOBIL CORP - 184 SHS 15,259 15,916
    METLIFE INC - 215 SHS 7,560 8,288
    KRAFT FOODS INC CLASS A - 260 SHS 8,982 9,898
    PRUDENTIAL FINANCIAL INC - 105 SHS 5,398 6,422
    AXIS CAPITAL HOLDINGS LTD - 25 SHS 813 771
    BIOGEN IDEC INC - 50 SHS 4,714 5,824
    INTERCONTINENTAL EXCHANGE INC - 20 SHS 2,369 2,759
    TD AMERITRADE HOLDING CORPORATION - 190 SHS 2,982 3,547
    MASTERCARD INC - CLASS A - 10 SHS 2,749 4,200
    NYSE EURONEXT - 60 SHS 1,753 1,786
    GENPACT LTD - 30 SHS 465 481
    GENERAL MOTORS CO - 420 SHS 11,114 11,449
    FREESCALE SEMICONDUCTOR ITD - 60 SHS 851 968

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    US Government Securities - End of Year Book Value:

    598,428
    US Government Securities - End of Year Fair Market Value:

    619,360
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2011 OtherDecreasesSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Description Amount
    ADJUSTMENTS: MUTUAL FUND TIMING DIFFERENCE 480


    TY 2011 OtherExpensesSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POWERSHARES DB COMMODITY INDEX TRACKING FUND 0 388   0
    REIMBURSED SCHOLARSHIP EXPENSES- ACCOUNTING 2,320 0   2,320


    TY 2011 OtherIncomeSchedule2
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORIGINAL ISSUE DISCOUNT INCOME 1,654 1,654 1,654


    TY 2011 OtherIncreasesSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 649
    REFUNDED SCHOLARSHIP DISTRIBUTIONS 4,600


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BEASLEY & GILKISON- SCHOLARSHIP ADMINISTRATION 7,500 0   7,500


    TY 2011 TaxesSchedule
    Name:
    OLIVER W STORER SCHOLARSHIP FOUNDATION
    2820124700 / R60754000
    EIN: 35-6012044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED EXCISE TAX - CURRENT YEAR 2,800 0   0
    EXCISE TAX - PRIOR YEAR 826 0   0
    FOREIGN TAXES WITHHELD 980 980   0