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 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
HOME SAVINGS CHARITABLE FOUNDATION 450012018
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O FARMERS TRUST CO 42 MCCLURG R   Room/suite
City or town, state, and ZIP code
YOUNGSTOWN, OH44512
A Employer identification number

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

(330) 743-7000
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,730,465J 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 22 22  
4 Dividends and interest from securities...... 279,529 279,529  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 144,642
b Gross sales price for all assets on line 6a 2,549,204
7 Capital gain net income (from Part IV, line 2)... 144,642
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,500    
12 Total. Add lines 1 through 11........ 425,693 424,193  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 39,407 27,585   11,822
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,820 705 0 2,115
c Other professional fees (attach schedule).... Click to see attachment 30,516 15,258   15,258
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,670 1,670   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,613 45,218 0 29,395
25 Contributions, gifts, grants paid........ 537,969 537,969
26 Total expenses and disbursements. Add lines 24 and 25 615,582 45,218 0 567,364
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -189,889
b Net investment income (if negative, enter -0-) 378,975
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (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...............      
2 Savings and temporary cash investments.......... 516,675 362,821 362,821
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment305,400 300,183
b Investments—corporate stock (attach schedule)........ 7,280,236 Click to see attachment7,525,990 5,209,665
c Investments—corporate bonds (attach schedule)........ 3,957,769 Click to see attachment3,792,273 4,031,130
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 941,662 Click to see attachment519,966 826,666
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) 12,696,342 12,506,450 10,730,465
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......... 12,696,342 12,506,450
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 12,696,342 12,506,450
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 12,696,342 12,506,450
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 12,696,342
2 Enter amount from Part I, line 27a..................... 2 -189,889
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 12,506,453
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,506,450
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 2135. AFLAC INC   2010-11-05 2011-07-14
b 2000. ABBOTT LABS COM   2010-08-11 2011-02-11
c 300. CATERPILLAR INC DEL COM   2010-01-06 2011-05-05
d 480. CUMMINS INC   2010-09-15 2011-05-05
e 1000. CUMMINS INC   2010-09-15 2011-07-28
2700. DTE ENERGY CO   2010-07-01 2011-02-11
1300. EXPRESS SCRIPTS INC   2007-06-15 2011-10-25
2990. EXPRESS SCRIPTS INC   2011-08-03 2011-10-25
500000. HOME DEPOT INC 5.200% 03/01/11   2006-07-17 2011-03-01
1050. ISHARES MSCI EMERGING MARKETS INDEX   2007-09-05 2011-01-14
4415. ISHARES MSCI EMERGING MARKETS INDEX   2009-04-03 2011-08-01
545. ISHARES S&P MIDCAP 400   2007-09-05 2011-01-14
790. ISHARES S&P MIDCAP 400   2006-12-13 2011-08-01
500000. MCDONALD'S CORP 6.000% 04/15/11   2001-05-30 2011-04-15
3300. MICROCHIP TECHNOLOGY INC   2010-08-11 2011-11-08
2500. T ROWE PRICE GROUP INC   2009-07-31 2011-12-07
3989.362 T ROWE PRICE EQUITY INCOME FUND   2007-08-31 2011-05-11
1600. 3M COMPANY   2009-10-01 2011-12-07
(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 96,604   123,009 -26,405
b 90,999   101,311 -10,312
c 32,989   17,949 15,040
d 54,564   39,976 14,588
e 106,553   83,283 23,270
126,473   122,517 3,956
50,205   32,832 17,373
115,470   153,955 -38,485
500,000   496,195 3,805
49,991   43,990 6,001
206,536   146,720 59,816
50,219   46,616 3,603
74,118   64,370 9,748
500,000   481,175 18,825
121,493   96,515 24,978
143,041   116,938 26,103
100,213   120,000 -19,787
129,736   117,211 12,525
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       -26,405
b       -10,312
c       15,040
d       14,588
e       23,270
      3,956
      17,373
      -38,485
      3,805
      6,001
      59,816
      3,603
      9,748
      18,825
      24,978
      26,103
      -19,787
      12,525
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 2 144,642
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 779,925 10,846,189 0.071908
2009 845,789 10,296,122 0.082146
2008 907,079 15,121,492 0.059986
2007 1,263,009 20,794,879 0.060737
2006 1,227,253 25,003,902 0.049082
2 Total of line 1, column (d) ...................... 2 0.323859
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 0.064772
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 10,771,746
5 Multiply line 4 by line 3....................... 5 697,708
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,790
7 Add lines 5 and 6......................... 7 701,498
8 Enter qualifying distributions from Part XII, line 4.............. 8 567,364
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 7,580
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 7,580
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 7,580
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,774
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,774
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,806
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 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletOH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletNONE
    14
    The books are in care ofbulletFARMERS TRUST COMPANY Telephone no.bullet (330) 743-7000
    Located atbullet42 MCCLURG ROADYOUNGSTOWNOH ZIP+4bullet44512
    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
     
     
    .........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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 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
    FARMERS TRUST COMPANY TRUSTEE
    2     		39,407    
    42 MCCLURG ROAD
    YOUNGSTOWN,OH44512
    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..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,701,613
    b
    Average of monthly cash balances.......................
    1b
    234,170
    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
    10,935,783
    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
    10,935,783
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    164,037
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,771,746
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    538,587
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    538,587
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    7,580
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,580
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    531,007
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    531,007
    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
    531,007
    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
    567,364
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    567,364
    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
    567,364
    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 7 531,007
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 124,881
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 0
    c From 2008....... 0
    d From 2009....... 0
    e From 2010....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 567,364
    a Applied to 2010, but not more than line 2a 124,881
    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..... 442,483
    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 ..........     		88,524
    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.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 0
    d Excess from 2010.... 0
    e Excess from 2011.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    HOME SAVINGS CHARITABLE FOUNDATION
    42 MCCLURG ROAD
    YOUNGSTOWN,OH44512
    (330) 743-7000
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE GRANTED TO QUALIFIED RECIPIENTS AS DETERMINED BY THE DISTRIBUTION COMMITTEE.
    Form 990-PF (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
    WILLARD HOPE CENTER
    16 W MAPLE STREET
    WILLARD,OH448901419     		N/A PUBLIC CHARITY PROGRAM SUPPORT 2,500
    MONTESSORI SCHOOL OF THE
    MAHONING VALLEY
    2008 LYNN AVENUE
    YOUNGSTOWN,OH44514     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,000
    INDIANA UNIVERSITY
    420 UNIVERSITY BLVD
    INDIANAPOLIS,IN46202     		N/A PUBLIC COLLEGE SCHOLARSHIP 3,000
    CHILDREN'S REHAB CENTER
    885 HOWLAND WILSON NE
    WARREN,OH44484     		N/A PUBLIC CHARITY ANNUAL-PLEDGE-CAPITAL & OPERATING SUPPORT 30,000
    BOARDMAN TOWNSHIP
    PARK DISTRICT
    8299 MARKET STREET
    YOUNGSTOWN,OH44512     		N/A PUBLIC CHARITY SPONSOR-ANNUAL EVENTS 250
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY TRI-COUNTY GOLF CLASSIC 27,000
    JUNIOR ACHIEVEMENT OF
    MAHONING VALLEY
    1920 CHURCHILL ROAD
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PROGRAM SUPPORT 10,000
    VETERAN'S OUTREACH
    524 YOUNGSTOWN POLAND RD
    STRUTHERS,OH44471     		N/A PUBLIC CHARITY PUBLIC SUPPORT- TRI-COUNTY AREA 10,000
    LAKE ERIE COLLEGE
    391 WEST WASHINGTON STREET
    PAINESVILLE,OH44077     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    YOUNGSTOWN SYMPHONY
    CENTER
    260 FEDERAL PLAZA WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY CONCERT SPONSORSHIP 5,500
    SMITH COLLEGE
    7 COLLEGE LANE
    NORTHAMPTON,MA01063     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    BALDWIN WALLACE COLLEGE
    275 EASTLAND ROAD
    BEREA,OH44017     		N/A PRIVATE COLLEGE SCHOLARSHIPS 1,500
    KENT STATE-SALEM CAMPUS
    2491 STATE ROUTE 45 SOUTH
    SALEM,OH444609412     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    BIG BROTHERSBIG SISTERS
    325 N STATE STREET
    GIRARD,OH44420     		N/A PUBLIC CHARITY HIGH SCHOOL MENTORING PROGRAM 10,000
    HELP HOTLINE CRISIS
    CENTER
    ADDRESS CONFIDENTIAL
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY ANNUAL SUPPORT 5,000
    OHIO DOMINICAN UNIVERSITY
    1216 SUNBURY ROAD
    COLUMBUS,OH43219     		N/A PRIVATE UNIVERSITY SCHOLARSHIP 1,500
    LIFESTEPS INC
    383 NEW CASTLE ROAD
    BUTLER,PA16001     		N/A PUBLIC CHARITY SUPPORT PROGRAM 200
    ASHLAND COUNTY ORAL
    HEALTH SERVICES INC
    213 SAMARITAN AVENUE
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PROGRAM SUPPORT 20,000
    VILLA MARIA THERESA
    EDUCATION CENTER
    PO BOX 916
    VILLA MARIA,PA16155     		N/A PUBLIC CHARITY LEAP CAMP, SUMMER PROGRAM SUPPORT 1,000
    YOUNGSTOWN NEIGHBORHOOD
    201 E COMMERCE STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT PROGRAM 25,000
    SALVATION ARMY-ASHLAND
    40 E 3RD STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PLEDGE-KROC COMMUNITY CENTER 25,000
    YOUNGSTOWN FOUNDATION
    16 FEDERAL PL WEST
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT POTENTIAL DEVELOPMENT PROGRAM 25,000
    UNIVERSITY OF AKRON
    302 BUCHTEL MALL
    AKRON,OH44325     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 3,000
    US MILITARY ACADEMY
    BUILDING 606
    WEST POINT,NY10996     		N/A PRIVATE ACADEMY SCHOLARSHIP 1,500
    COMPASS FAMILY & COMMUNITY
    SERVICES
    284 BROADWAY AVE
    YOUNGSTOWN,OH44504     		N/A PUBLIC CHARITY SUPPORT PROGRAM 5,000
    COMMUNITIES FOR THE ARTS
    109 NORTH MAIN STREET
    CLYDE,OH43410     		N/A PUBLIC CHARITY PROGRAM SUPPORT 500
    WYSU-FM
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY SPONSOR-ANNUAL CONTRACT 2,700
    UNITED WAY OF MAHONING VALLEY
    255 WATT STREET
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PUBLIC SUPPORT 40,000
    RESCUE MISSION OF
    MAHONING VALLEY
    962 MARTIN LUTHER KING
    YOUNGSTOWN,OH44510     		N/A PUBLIC CHARITY PROGRAM SUPPORT-ANNUAL ART AUCTION 10,000
    YSU-WILLIAMSON SCHOOL OF BUSINESS
    BUSINESS
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 6,000
    UNIV OF CINCINNATI
    2600 CLIFTON AVENUE
    CINCINNATI,OH45221     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 1,500
    BIG REACH CENTER
    OF HOPE
    11767 LISBON ROAD
    GREENFORD,OH44422     		N/A PUBLIC CHARITY SUPPORT PROGRAMS 2,000
    ANIMAL WELFARE LEAGUE
    545 BRUNSTETTER ROAD
    WARREN,OH44481     		N/A PUBLIC CHARITY ANNUAL FUND 3,000
    YOUNGSTOWN ST UNIVERSITY
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY SCHOLARSHIP PROGRAM 4,875
    ROBERT MORRIS UNIVERSITY
    6001 UNIVERSITY BOULEVARD
    MOON TOWNSHIP,PA15108     		N/A PRIVATE UNIVERSITY SCHOLARSHIP 1,500
    ANGELS FOR ANIMALS
    4750 STATE ROUTE 165
    CANFIELD,OH44406     		NA/ PUBLIC CHARITY ANNUAL FUND 3,000
    SILVER LINING CANCER FUND
    1490 UTE AVENUE
    ASPEN,CO81611     		NA/ PUBLIC CHARITY ANNUAL FUND 5,000
    SOJOURN TO THE PAST
    PO BOX 5694
    YOUNGSTOWN,OH44503     		N/A CHARITABLE ANNUAL FUND 2,600
    MAHONING VALLEY HIS SOC
    648 WICK AVENUE
    YOUNGSTOWN,OH44502     		N/A PUBLIC CHARITY ANNUAL FUND 100
    HOPE HOUSE VISITATION
    CENTER
    660 W EARLE AVENUE
    YOUNGSTOWN,OH44511     		N/A PUBLIC CHARITY PROGRAM SUPPORT 5,500
    OHIO STATE UNIVERSITY
    154 W 12TH STREET
    COLUMBUS,OH43210     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 1,500
    TERRA COMMUNITY COLLEGE
    2830 NAPOLEON ROAD
    FREMONT,OH43420     		N/A PRIVATE COLLEGE ANNUAL SCHOLARSHIP 3,000
    BOWLING GREEN UNIVERSITY
    231 ADMINISTRATION BLDG
    BOWLING GREEN,OH43403     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 1,500
    MIAMI UNIVERSITY
    501 E HIGH STREET
    OXFORD,OH45056     		N/A PUBLIC UNIVERSTIY SCHOLARSHIPS 1,500
    UNITED WAY OF GEAUGA COUNTY
    209 CENTER STREET UNIT H
    CHARDON,OH44024     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,500
    GENEVA COLLEGE
    3200 COLLEGE STREET
    BEAVER FALLS,PA15010     		N/A PRIVATE COLLEGE SCHOLARSHIP 2,000
    BOWLING GREEN FIRELANDS
    COLLEGE
    1 UNIVERSITY DRIVE
    HURON,OH44839     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    UNITED WAY OF NORTHERN
    COLUMBIANA COUNTY
    713 E STATE STREET
    SALEM,OH44460     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    FIRST NIGHT CANFIELD
    C/O 104 LISBON STREET
    YOUNGSTOWN,OH44406     		N/A PUBLIC CHARITY ANNUAL SUPPORT 500
    AMERICAN RED CROSS
    MAHONING VALLEY
    8392 TOD AVENUE
    WARREN,OH44481     		N/A PUBLIC CHARITY PROGRAM SUPPORT 1,000
    UNIVERSITY CIRCLE
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY SPONSOR- HOLIDAY CIRCLEFEST 5,000
    HANDSON VOLUNTEER NETWORK
    P O BOX 91183
    CLEVELAND,OH441019713     		N/A PUBLIC CHARITY PUBLIC SUPPORT 5,000
    GOODWILL INDUSTRIES
    2747 BELMONT AVENUE
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY PROGRAM SUPPORT 8,000
    LIBERTY CENTER OF
    SANDUSKY COUNTY
    1421 E STATE STREET
    FREMONT,OH434204049     		N/A PUBLIC CHARITY SUPPORT PROGRAM 500
    WESTMINISTER COLLEGE
    S MARKET ST
    NEW WILMINGTON,PA16172     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    ASHLAND UNIVERSITY
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		N/A PUBLIC UNIVERSITY BUSINESS SCHOLARSHIP 2,000
    NORWALK AREA UNITED FUND
    PO BOX 134
    NORWALK,OH44857     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    HEIDELBERG COLLEGE
    310 E MARKET STREET
    TIFFIN,OH44883     		N/A PRIVATE COLLEGE BUSINESS SCHOLARSHIPS 2,000
    TIFFIN UNIVERSITY
    155 MIAMI STREET
    TIFFIN,OH44883     		N/A PRIVATE UNIVERSITY ANNUAL SCHOLARSHIPS 2,000
    BEAVER TOWNSHIP PARK
    ADMINISTRATION
    FERN HOLLOW RD
    SEWICKLEY,PA15143     		N/A PUBLIC CHARITY SUPPORT PROGRAM 251
    KENT STATE-E LIVERPOOL
    CAMPUS
    400 E 4TH STREET
    EAST LIVERPOOL,OH43920     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    KENT STATE TRUMBULL CAMPUS
    4314 MAHONING AVENUE NW
    WARREN,OH44483     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIP 2,000
    YOUNGSTOWN ST UNIVERSITY
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		N/A PUBLIC UNIVERSITY SUPPORT PROGRAMS 800
    CASA ERIEOTTAWA COUNTIES
    500 W STATE STREET
    FREMONT,OH43420     		N/A PUBLIC CHARITIES PUBLIC SUPPORT 600
    WOMEN'S SAFE INC
    12041 RAVENNA ROAD
    CHARDON,OH44024     		N/A PUBLIC CHARITY PROGRAM SUPPORT 5,000
    KENT STATE UNIVERSITY
    108 MICHAEL SCHWARTZ CENTER
    KENT,OH44242     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 11,000
    LOU HOLTZ HALL OF FAME
    OHIO VALLEY
    120 E 5TH STREET
    EAST LIVERPOOL,OH43920     		N/A PUBLIC CHARITY SUPPORT PROGRAM - CAPITAL 5,000
    BELLEVUE UNITED SELECTIVE FUND
    110 W MAIN STREET
    BELLEVUE,OH44811     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,500
    SENECA INDUSTRIAL &
    ECONOMIC
    62 S WASHINGTON STREET
    TIFFIN,OH44883     		N/A PUBLIC CHARITY ANNUAL SUPPORT 500
    YWCA
    25 W RAYEN STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SPONSORSHIP-WOMEN'S ART 10,000
    UNITED WAY OF ASHLAND
    COUNTY
    1011 E MAIN STREET
    ASHLAND,OH44805     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    UNITED WAY OF LAKE COUNTY
    9285 PROGRESS PKWY
    MENTOR,OH44060     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    UNITED WAY OF SOUTHERN
    COLUMBIANA COUNTY
    525 MARKET ST STUITE 1
    EAST LIVERPOOL,OH43920     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    UNITED WAY OF ERIE COUNTY
    416 COLUMBUS AVENUE
    SANDUSKY,OH44870     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    UNITED WAY OF RICHLAND
    COUNTY
    35 N PARK STREET
    MANSFIELD,OH44902     		N/A PUBLIC CHARITY PUBLIC SUPPORT 1,000
    TIFFIN-SENNECA UNITED WAY
    174 JEFFERSON STREET
    TIFFIN,OH44883     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    UNITED WAY OF TRUMBULL
    COUNTY
    3601 YOUNGSTOWN RD SE
    WARREN,OH44484     		N/A PUBLIC CHARITY PUBLIC SUPPORT 1,000
    UNITED WAY OF SANDUSKY
    COUNTY
    103 SOUTH FRONT STREET
    FREMONT,OH43420     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    NORWALK ECONOMIC DEVELOPM
    10 1/2 W MAIN STREET
    NORWALK,OH44857     		N/A PUBLIC CHARITY ANNUAL SUPPORT 1,000
    VILLAGE HOUSE
    350 RAWSON AVENUE
    FREMONT,OH43420     		N/A PUBLIC CHARITY SUPPORT PROGRAM 7,000
    CONSUMER CREDIT
    COUNSELING SERVICE
    4500 E BROAD STREET
    COLUMBUS,OH43213     		N/A PUBLIC CHARITY SUPPORT PROGRAM-PLEDGE 3,000
    MCDONALD COMMUNITY CHEST
    PO BOX 49519
    STRONGSVILLE,OH44149     		N/A PUBLIC CHARITY SUPPORT PROGRAM 2,500
    WKSU
    1613 E SUMMIT ST
    KENT,OH44240     		N/A PUBLIC CHARITY ANNUAL UNDERWRITING SUPPORT 5,523
    WESTERN RESERVE PUBLIC
    MEDIA
    P O BOX 5191
    KENT,OH442405191     		N/A PUBLIC CHARITY SUPPORT PROGRAM 6,000
    UNIVERSITY OF FINDLAY
    1316 N CORY STREET
    FINDLAY,OH45840     		N/A PUBLIC UNIVERSITY ANNUAL SCHOLARSHIPS 1,500
    OTTERBEIN COLLEGE
    ONE OTTERBEIN COLLEGE
    WESTERVILLE,OH43081     		N/A PRIVATE COLLEGE SCHOLARSHIP 1,500
    SANDUSKY ECONOMIC
    DEVELOPMENT CORP
    2511 COUNTRYSIDE DRIVE
    FREMONT,OH43420     		N/A CHARITABLE PUBLIC SUPPORT 5,000
    AURORA ONE FUND
    7075 N AURORA ROAD
    AURORA,OH442029626     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    NILES COMMUNITY SERVICES
    401 VIENNA AVENUE
    NILES,OH44446     		N/A PUBLIC CHARITY PUBLIC SUPPORT 2,500
    ABIGAIL MINISTRIES
    1400 TOD AVE NW
    WARREN,OH44484     		N/A PUBLIC CHARITY SUPPORT PROGRAM 15,000
    FISH & LOAVES FOOD PANTRY
    203 MAPLE STREET
    BELLEVUE,OH44811     		N/A PUBLIC CHARITY CAPITAL-FLOOR REPAIRS 5,000
    YMCA-CAMP FITCH
    17 N CHAMPION STREET
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY CAPITAL-WATER SYSTEM 20,000
    HIRAM COLLEGE
    6832 HINSDALE STREET
    HIRAM,OH44234     		N/A PRIVATE COLLEGE SCHOLARSHIP 3,000
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY PINK RIBBON GOLF CLASSIC 4,480
    MASONIC LEARNING CENTER
    FOR CHILDREN
    223 WICK AVENUE
    YOUNGSTOWN,OH44503     		N/A PUBLIC CHARITY SUPPORT PROGRAM 840
    BLANCHARD VALLEY HEALTH
    ASSOCIATION
    145 W WALLACE STREET
    FINDLAY,OH45840     		N/A PUBLIC CHARITY CAPITAL-EASTERN WOODS OUTPATIENT CENTER 10,000
    LAKELAND COLLEGE
    7700 CLOCKTOWER DRIVE
    KIRTLAND,OH440945198     		N/A COMMUNITY COLLEGE ANNUAL SCHOLARSHIP 1,500
    AMERICAN CANCER SOCIETY
    525 N BROAD STREET
    CANFIELD,OH44406     		N/A PUBLIC CHARITY RELAY FOR LIFE 1,000
    BELLEVUE PUBLIC LIBRARY
    224 E MAIN STREET
    BELLEVUE,OH448111467     		N/A PUBLIC CHARITY SUPPORT PROGRAM 750
    HOUSING OPPORTUNITIES
    OF BEAVER COUNTY INC
    650 CORPORATION STREET
    BEAVER,PA15009     		N/A PUBLIC CHARITY PROGRAM SUPPORT 5,000
    SCORE AT YSU
    306 WILLIAMSON HALL
    YOUNGSTOWN,OH44555     		N/A PUBLIC CHARITY ANNUAL SUPPORT 1,500
    WBGU-PBS
    204 WEST HALL
    BOWLING GREEN,OH43403     		N/A PUBLIC CHARITY ANNUAL UNDERWRITING SUPPORT 1,500
    SLIPPERY ROCK UNIVERSITY
    1 MORROW WAY
    SLIPPERY ROCK,PA16057     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 1,500
    SECOND CHANCE ANIMAL
    RESCUE
    PO BOX 4867
    AUSTINTOWN,OH44515     		N/A PUBLIC CHARITY ANNUAL PROGRAM SUPPORT 3,000
    HUMANE SOCIETY OF
    SANDUSKY COUNTY INC
    2520 PORT CLINTON ROAD
    FREMONT,OH43420     		N/A PUBLIC CHARITY ANNUAL SUPPORT PROGRAM 3,000
    OHIO VALLEY TEEN CHALLENGE
    1622 MAHONING AVENUE
    YOUNGSTOWN,OH44509     		N/A PUBLIC CHARITY CAPITAL-IT UPGRADE & NETWORK SYSTEM 6,000
    ALSA NORTHERN OHIO CHAPTER
    2500 EAST 22ND ST SUITE 102
    CLEVELAND,OH44115     		N/A PUBLIC CHARITY PUBLIC SUPPORT-STRIKE-OUT ALS 500
    AKIVA ACADEMY
    505 GYPSY LANE
    YOUNGSTOWN,OH44505     		N/A PUBLIC CHARITY DIVERSITY SCHOLARSHIPS 2,000
    KENT STATE-GEAUGA CAMPUS
    14111 CLARIDON-TROY RD
    BURTON,OH44021     		N/A PUBLIC UNIVERSITY SCHOLARSHIPS 2,000
    BOARDMAN PERFORMING ARTS
    CENTER
    375 BOARDMAN-POLAND RD
    YOUNGSTOWN,OH44512     		N/A PUBLIC CHARITY CAPITAL - EQUIPMENT PURCHASES 2,000
    Total .................................bullet 3a 537,969
    bApproved for future payment
    Total .................................bullet 3b  
    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 22  
    4 Dividends and interest from securities....     14 279,529  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 144,642  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a2010 TAX REFUND     1 1,500  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   425,693  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13425,693
    (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.)
    11 0
    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 AccountingFeesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,820 705   2,115

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Name of Bond End of Year Book Value End of Year Fair Market Value
    500,000 MCDONALDS CORP 6.00%    
    500,000 BELLSOUTH CORP 5.200% 500,000 552,745
    495,000 GOLDMAN SACHS GR 5.700 494,559 503,717
    500,000 HOME DEPOT INC 5.200%    
    500,000 GOLDMAN SACHS 5.125% 481,250 511,055
    200,000 MICROSOFT CORP 4.200% 208,996 230,556
    500,000 JPMORGAN CHASE 6.000% 499,970 557,840
    500,000 MICROSOFT CORP 2.950% 503,065 531,135
    500,000 DU PONT E I DE 3.250% 501,555 533,220
    200,000 BARCLAYS BK PLC 3.600% 200,000 185,170
    200,000 DUKE ENERGY IND 3.750% 200,976 214,752
    200,000 STATOIL ASA NOTE 3.125 201,902 210,940

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,100 SHS COCA-COLA 123,753 146,937
    2,673 SHS AT&T INC 71,718 80,832
    1,216,575 SHS UNITED COMM FIN 4,446,177 1,545,050
    1,500 SHS CHEVRON CORP 117,810 159,600
    1,800 SHS ILLINOIS TOOL WORKS 101,195 84,078
    4,545 SHS MOLEX INC 126,972 108,444
    780 SHS AUTOZONE INC 120,266 253,477
    1,300 SHS EXPRESS SCRIPTS INC    
    1,700 SHS PRAXAIR INC 127,830 181,730
    5,000 SHS INTEL CORP 120,246 121,250
    6,600 SHS AQUA AMERICA INC 119,704 145,530
    2,605 SHS NORFOLK & SOUTHERN 167,711 189,800
    2,100 SHS PNC FINL SVCS GR INC 129,220 121,107
    745 SHS IBM 126,320 136,991
    3,000 SHS JPMORGAN CHASE & CO 129,045 99,750
    2,000 SHS JOHNSON & JOHNSON 128,528 131,160
    1,100 SHS MCDONALDS CORP 64,020 110,363
    5,800 SHS ORACLE CORP 124,519 148,770
    2,400 SHS PHILIP MORRIS INT'L 100,027 188,352
    2,500 SHS PRICE T ROWE GR INC    
    5,265 SHS WILLIAMS COMPANIES 167,198 173,850
    5,800 SHS WELL FARGO & CO NEW 158,433 159,848
    1,600 SHS 3M COMPANY    
    2,135 SHS AFLAC INC    
    2,000 SHS ABBOTT LABS    
    2,000 SHS AMERISOURCEBERGEN CO 61,805 74,380
    400 SHS APPLE COMPUTER INC 100,532 162,000
    1,300 SHS CATERPILLAR INC 77,778 117,780
    1,480 SHS CUMMINS INC    
    2,700 SHS DTE ENERGY CO    
    6,900 SHS GENERAL ELEC CO 126,247 123,579
    1,040 SHS THE HERSHEY CO 49,762 64,251
    4,300 SHS MICROSOFT CORP 119,325 111,628
    3,300 SHS MICROCHIP TECHNOLOGY    
    1,900 SHS PARKER-HANNIFIN CORP 124,757 144,875
    1,700 SHS ROYAL DUTCH SHELL 95,092 124,253

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    US Government Securities - End of Year Book Value:

    305,400
    US Government Securities - End of Year Fair Market Value:

    300,183
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    2,535.000 SHS ISHARES S&P MID AT COST 136,082 222,091
    4,000.000 SHS ISHARES SMALLCA AT COST 185,363 273,200
    1,910.000 SHS ISHARES MSCI EM AT COST 52,277 72,465
    3,989.362 SHS T ROWE PRICE EQ      
    17,000.000 SHS COMEX GOLD AT COST 146,244 258,910

    TY 2011 OtherDecreasesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Description Amount
    ROUNDING 3


    TY 2011 OtherExpensesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF OHIO FILING FEE 200 0   200


    TY 2011 OtherIncomeSchedule2
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2011 EXCISE TAX REFUND 1,500 0  


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION FEES 30,516 15,258   15,258


    TY 2011 TaxesSchedule
    Name:
    HOME SAVINGS CHARITABLE FOUNDATION 450012018
    EIN: 34-1695319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 857 857   0
    FEDERAL ESTIMATES - PRINCIPAL 3,000 0   0
    FOREIGN TAXES ON QUALIFIED FOR 768 768   0
    FOREIGN TAXES ON NONQUALIFIED 45 45   0