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 07-01-2011 , and ending 06-30-2012
G
Check all that apply:
Name of foundation
WALTER F SCHMIDT TRUST TUW
FIRST FINANCIAL BANK NA

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 540   Room/suite
City or town, state, and ZIP code
TERRE HAUTE, IN47808
A Employer identification number

37-6311892
B Telephone number (see page 10 of the instructions)

(618) 544-8666
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$1,567,500J 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      
4 Dividends and interest from securities...... 54,902 54,902  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,239
b Gross sales price for all assets on line 6a 992,548
7 Capital gain net income (from Part IV, line 2)... 4,239
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).......      
12 Total. Add lines 1 through 11........ 59,141 59,141  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 750     750
b Accounting fees (attach schedule)....... Click to see attachment 2,200     2,200
c Other professional fees (attach schedule).... Click to see attachment 14,773 8,864   5,909
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 924      
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 1,271     1,270
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,918 8,864   10,129
25 Contributions, gifts, grants paid........ 53,963 53,963
26 Total expenses and disbursements. Add lines 24 and 25 73,881 8,864   64,092
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -14,740
b Net investment income (if negative, enter -0-) 50,277
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...............      
2 Savings and temporary cash investments.......... 63,569 99,215 99,215
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...........   56 56
10a Investments—U.S. and state government obligations (attach schedule) 531,654 Click to see attachment490,639 511,398
b Investments—corporate stock (attach schedule)........ 167,005 Click to see attachment223,629 227,685
c Investments—corporate bonds (attach schedule)........ 574,068 Click to see attachment468,017 486,859
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 200,000 Click to see attachment240,000 242,235
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment52 Click to see attachment52 Click to see attachment52
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,536,348 1,521,608 1,567,500
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......... 1,536,348 1,521,608
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).................... 1,536,348 1,521,608
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,536,348 1,521,608
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 1,536,348
2 Enter amount from Part I, line 27a..................... 2 -14,740
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,521,608
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,521,608
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 FED HOME LOAN BANK 3.45 P 2010-06-29 2011-08-15
b AMERICAN 412 CAPITAL INCOME BUILDER P 2006-12-20 2012-06-04
c FANNIE MAE 2.35 P 2010-09-15 2011-09-23
d AM 405 GRW FD CL F P 2006-12-19 2012-06-04
e FEDERAL HOME LOAN BANK 4.0 P 2010-06-17 2011-07-22
AMERICAN 407 NEW PERSPECTIVE CL F P 2006-12-13 2012-06-04
FED HOME LOAN BANK 3.25 P 2010-09-14 2011-10-05
AMERICAN 407 NEW PERSPECTIVE CL F P 2006-12-26 2012-06-04
FED HOME LOAN MTG CORP 4.25 P 2009-09-18 2011-12-12
AMERICAN 401 WASHINGTON MUTUAL CL F P 2006-12-13 2012-06-04
TH SAVINGS CD .59 P 2011-05-06 2012-01-06
AMERICAN 401 WASHINGTON MUTUAL CL F P 2006-12-22 2012-06-04
FED FARM CREDIT BANK 2.55 P 2011-09-21 2012-01-20
FED NATL MTG ASSN STEP UP 1.50 P 2011-12-06 2012-06-20
FED FARM CREDIT BANK 2.00 P 2011-09-21 2012-01-25
BARCLAY BANK PLC 4.0 P 2010-06-22 2012-06-29
BARCLAY BANK PLC STP UP 4.0 P 2010-08-23 2012-02-08
AM 405 GRW FD CL F P 2006-12-13 2012-06-04
JP MORGAN CHASE & CO 6.625 P 2002-03-21 2012-03-15
FED HOME LOAN BANK 3.55 P 2012-01-25 2012-04-23
FED HOME LOAN BANK STEP UP 3.25 P 2012-03-19 2012-05-09
FEDERATED 66 KAUFMANN CL A P 2002-05-17 2012-06-04
FEDERATED 66 KAUFMANN CL A P 2006-11-14 2012-06-04
AMERICAN 412 CAPITAL INCOME BUILDER P 2006-12-13 2012-06-04
(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 75,000   75,000  
b 4,214   4,525 -311
c 35,000   35,000  
d 4,847   5,079 -232
e 71,429   71,429  
35,971   32,755 3,216
50,000   50,000  
12,306   12,165 141
100,000   100,300 -300
30,832   31,449 -617
100,302   100,302  
7,286   7,352 -66
8,000   8,000  
45,000   45,000  
50,000   50,000  
30,000   29,978 22
50,000   50,000  
32,149   27,020 5,129
100,000   100,905 -905
14,286   14,286  
100,000   99,875 125
15,081   15,862 -781
5,082   5,971 -889
15,371   16,056 -685
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a        
b       -311
c        
d       -232
e        
      3,216
       
      141
      -300
      -617
       
      -66
       
       
       
      22
       
      5,129
      -905
       
      125
      -781
      -889
      -685
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 4,239
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 3 125
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 74,963 1,565,571 0.047882
2009 73,450 1,540,408 0.047682
2008 86,413 1,473,931 0.058628
2007 87,660 1,625,693 0.053922
2006 80,549 1,632,145 0.049352
2 Total of line 1, column (d) ...................... 2 0.257466
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 0.051493
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,551,321
5 Multiply line 4 by line 3....................... 5 79,882
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 503
7 Add lines 5 and 6......................... 7 80,385
8 Enter qualifying distributions from Part XII, line 4.............. 8 64,092
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 1,006
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,006
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,006
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,120
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 1,120
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 114
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet114 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIL
    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 ofbulletFIRST FINANCIAL BANK Telephone no.bullet (618) 544-8666
    Located atbulletPO BOX 540TERRE HAUTEIN ZIP+4bullet47808
    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
     
     
    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
     
     
    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
    ELIZABETH B SCHMIDTClick to see attachment COMMITTEE
    1.00     		0 0 0
    PO BOX 8640
    ROBINSON,IL62454
    WILLIAM TERRY SCHMIDTClick to see attachment COMMITTEE
    1.00     		0 0 0
    PO BOX 8640
    ROBINSON,IL62454
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SCHOLARSHIPS TO STUDENTS OF LINCOLN TRAIL COLLEGE,74 STUDENTS SERVED 53,963
    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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,449,364
    b
    Average of monthly cash balances.......................
    1b
    125,581
    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
    1,574,945
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,574,945
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    23,624
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,551,321
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    77,566
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    77,566
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,006
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,006
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    76,560
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    76,560
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    76,560
    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
    64,092
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    64,092
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    64,092
    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 76,560
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 680
    b From 2007....... 8,285
    c From 2008....... 14,354
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e......... 23,319
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 64,092
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 64,092
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 12,468 12,468
    (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 10,851
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		10,851
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008.... 10,851
    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:
    FIRST FINANCIAL BANK TRUST DEPT
    PO BOX 540
    TERRE HAUTE,IN47808
    (618) 544-8666
    bThe form in which applications should be submitted and information and materials they should include:
    DR. WALTER F,SCHMIDT& VIRGINIA D. SCHMIDT SCHOLARSHIP FOR FULL TIME LINCOLNTRAIL COLLEGE STUDENTS FALL 2011 SEMESTER NAME: DATE OF BIRTH: ADDRESS: SOCIAL SECURITY NUMBER: PHONE: GRADUTATED FROM: CIRCLE ONE: YEAR GRADUATED: RHS OHS HHS PHS I HAVE PROVIDED ONE-COPY OF DIPLOMA OR HIGH SCHOOL TRANSCRIPT FULLTIME=12 HOURS CREDIT HOURS BOOKS: YOU MUST GO TO THE LTC BOOKSTORE AND COMPLETE THE SCHMIDT SCHOLARSHIP BOOK VOUCHER TUITION TECHNOLOGY FEES LAB/COMPUTER FEES SCHOLARSHIPS, GRANTS AND OTHER CREDITS CERTIFY THAT ALL INFORMATION IS CORRECT AND THAT IF AWARDED A SCHOLARSHIP, LINCOLN TRAIL COLLEGE IS HEREBY GRANTED PERMISSION TO RELEASE THIS INFORMATION FOR PUBLICATION FOR A PERIOD OF ONE YEAR FROM THE DATE STATED BELOW. ALSO MY SIGNATURE HERE INDICATED PERMISSION FOR MY HIGH SCHOOL AND LINCOLN TRAIL COLLEGE TO PROVIDE INFORMATION PERTAINING TO MY ENROLLMENT STATUS, HOURS ENROLLED, GRADES, FINANCIAL ASSISTANCE, TUITION, AND FEES TO FIRST FINANCIAL BANK TRUST SERVICES DIVISION SIGNATURE DATE
    cAny submission deadlines:
    JULY 15TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STUDENT MUST BE A CRAWFORD COUNTY HIGH SCHOOL GRADUATE AND MUST BE ENROLLED FULL TIME AT LINCOLN TRAIL COLLEGE
    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
    WILLIAM BENJAMIN ACKMAN
    13876 EAST WILLIS DRIVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 495
    DEVIN C AIKMAN
    5891 EAST 800TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,245
    TYLER BRETT AIKMAN
    5891 EAST 800TH AVE
    OBLONG,IL62449     		    EDUCATION ASSISTANCE 1,105
    ASHLEY JO MAGBANUA ATKINS
    1401 NORTH TRUMAN ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 409
    WHITNEY A BEARD
    4062 N 1000TH ST
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 719
    NOAH J BENNETT
    16062 N 1550TH ST
    HUTSONVILLE,IL62433     		    EDUCATION ASSISTANCE 164
    JACOB BLANKENBEKER
    10895 N 725TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 424
    KAYTLYNN N BROOKS
    1108 S WILLOW DR
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 691
    ALEXANDER D BRUNER
    11266 N BEVERLY ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 89
    LEVI J BRUSH
    315 WEST BROADWAY
    WEST UNION,IL62477     		    EDUCATION ASSISTANCE 1,712
    ERIN MARIE BUSER
    5798 STATE ROUTE 33
    PALESTINE,IL62451     		    EDUCATION ASSISTANCE 1,093
    SAMANTHA BYRLEY
    1203 W CHERRY ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 863
    GARY M COLEMAN
    702 N PLEASANT POB 35
    HUTSONVILLE,IL62433     		    EDUCATION ASSISTANCE 141
    DANIEL L COOMBES
    10498 N 2200TH ST
    WILLOW HILL,IL62480     		    EDUCATION ASSISTANCE 275
    WHITNEY NICOLE COWDREY
    14562 NORTH 800TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 569
    MICHAEL A DAUGHERTY
    1309 S ROBB ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 558
    KELSEY A DAVIDSON
    16470 N 700TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 503
    TYLER A DIX
    8468 E 1200TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 409
    JACOB J FERRIS
    1608 PARK ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,125
    KASEY J FLEEK
    6312 N 450TH ST
    OBLONG,IL62449     		    EDUCATION ASSISTANCE 842
    KIMBERLY D GORDON
    19495 E 700TH AVE
    PALESTINE,IL62451     		    EDUCATION ASSISTANCE 492
    CARSON G GREEN
    506 S JACKSON ST
    PALESTINE,IL62451     		    EDUCATION ASSISTANCE 333
    JOSH S HANNA
    7923 E 1800TH AVE
    ANNAPOLIS,IL62413     		    EDUCATION ASSISTANCE 398
    JESSICA J HELEINE
    20095 N 700TH ST
    ANNAPOLIS,IL62413     		    EDUCATION ASSISTANCE 1,334
    TESSA A HELEINE
    4003 N 1830TH ST
    WEST UNION,IL62477     		    EDUCATION ASSISTANCE 1,159
    KAYLA M HILL
    PO BOX 372
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 461
    EMILEE KAY HOALT
    11673 BOBWHITE LN
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,088
    NATHANIEL F KERR
    806 S CROSS ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 402
    NICOLE R KING
    13696 E 1700TH AVE
    HUTSONVILLE,IL62413     		    EDUCATION ASSISTANCE 1
    TYLER V KNICLEY
    12701 N 75TH ST
    OBLONG,IL62449     		    EDUCATION ASSISTANCE 1,209
    BAILEY ELIZABETH KNUST
    13091 N 1300TH ST
    ROBINSON,IL62427     		    EDUCATION ASSISTANCE 482
    AMBER D KRAUSE
    1603 N JOHNSON ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 588
    CHRISTOPHER MICHAEL KURTZ
    403 FIRST ST
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 1,049
    ANGELA L LAWHEAD
    9342 E 900TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 778
    MARCY L LEDBETTER
    PO BOX 211
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 976
    MICHELLE EILEEN LUM
    706 WEST DIANE COURT
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,167
    ALEXANDER L MCDANIEL
    9985 N 1875TH ST
    PALESTINE,IL62451     		    EDUCATION ASSISTANCE 577
    WILLIAM WALKER MCMILLEN
    401 N CLAY ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 644
    STEPHEN T MCPHERSON
    505 S PRAIRIE ST APT C2
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,034
    COURTNEY K MADDOX
    9766 E 2000TH AVE
    WEST YORK,IL62478     		    EDUCATION ASSISTANCE 430
    BRITTANY N MARQUA
    10642 N 800TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 81
    KENZIE JO MENDENHALL
    706 OAK DRIVE
    OBLONG,IL62449     		    EDUCATION ASSISTANCE 942
    LOGAN B MITCHELL
    8535 E 300TH AVE
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 715
    TYLER L MITCHELL
    8535 E 300TH AVE
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 934
    MEGAN N MYERS
    11407 E 300TH AVE
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 216
    WHITNEY R OSBORN
    9400 E 900TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,356
    KRISTI M PLEASANT
    7938 E 1616TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 887
    MARANDA PLEW
    602 WEST CLOVER ST
    HUTSONVILLE,IL62433     		    EDUCATION ASSISTANCE 854
    DEREK R RICE
    14501 N STATE HWY 1
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 576
    TAYLOR J RICHARDS
    16657 E 175TH AVE
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 965
    JOSHUA M RIGGS
    16562 NS HWY 1
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 594
    BOBBI J SCHMIDT
    PO BOX 135
    ANNAPOLIS,IL62413     		    EDUCATION ASSISTANCE 696
    KAYLEE D SERVISON
    12844 N 450TH ST
    OBLONG,IL62449     		    EDUCATION ASSISTANCE 851
    SAMANTHA K SHAFER
    4813 N 1100TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 48
    ZACH B SHIPMAN
    1304 N WALTERS ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 418
    CHELSEA LYNNE SISIL
    6234 EAST 950TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 481
    KASEY L SMITH
    11250 EAST 900TH AVENUE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,100
    HILLARY DIANN STEFFEY
    18642 EAST GRAND PRAIRIE
    PALESTINE,IL62451     		    EDUCATION ASSISTANCE 1,116
    WHITNEY SHEA STEPHENS
    11313 NORTH 725TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,384
    KELSEY L SUTFIN
    710 RECTOR AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 637
    MADELYN M TAYLOR
    1273 N 1900TH ST
    FLAT ROCK,IL62427     		    EDUCATION ASSISTANCE 1,474
    TIERRA ANN TUTTLE
    21219 NORTH 1125TH ST
    WEST YORK,IL62478     		    EDUCATION ASSISTANCE 1,512
    LINDSEY H VANSCHOYCK
    303 SOUTH FRANKLIN ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 770
    TAYLOR M VANSCHOYCK
    10764 N 800TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 588
    ROBERT W VILLA
    13063 E 700TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 224
    CHELSEA D WADDELL
    9031 E 1600TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 437
    TERESA A WAGGONER
    6659 N 1075TH ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 562
    ADAM JAMES WALLACE
    1603 SOUTH WILLOW DRIVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 667
    KAYLA T WATTS
    10297 N GLENDALE RD
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,192
    CLAYTON D WELLS
    8954 E 2000TH ST
    ANNAPOLIS,IL62413     		    EDUCATION ASSISTANCE 512
    WHITNEY N WELSH
    11024 E DEER CREEK RD
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 1,306
    DELANEY B WOODWARD
    812 N FRANKLIN ST
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 581
    JOHNNA R YORK
    11141 E 660TH AVE
    ROBINSON,IL62454     		    EDUCATION ASSISTANCE 521
    CARA A YOUNG
    110 E MECHANIC ST
    WEST UNION,IL62477     		    EDUCATION ASSISTANCE 733
    Total .................................bullet 3a 53,963
    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          
    4 Dividends and interest from securities....     14 54,902  
    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         4,239
    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)..   54,902 4,239
    13Total. Add line 12, columns (b), (d), and (e)..................
    1359,141
    (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 AccountingFeesSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,200     2,200

    TY 2011 CompensationExplanation
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Person Name Explanation
    ELIZABETH B SCHMIDT  
    WILLIAM TERRY SCHMIDT  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 468,017 486,859

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS 75,000 77,393
    COMMON STOCK 101,589 101,348
    INTERNATIONAL EQUITY FUNDS 40,000 41,559
    PARTNERSHIPS 7,040 7,385

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    US Government Securities - End of Year Book Value:

    490,639
    US Government Securities - End of Year Fair Market Value:

    511,398
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BANK CERTIFICATE OF DEPOSIT AT COST 240,000 242,235

    TY 2011 LegalFeesSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 750      


    TY 2011 OtherAssetsSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MINERAL INTEREST 52 52 52


    TY 2011 OtherExpensesSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 1,255     1,255
    ILLINOIS FILING FEE 15     15
    ROUNDING 1      


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE FEES 14,773 8,864   5,909


    TY 2011 TaxesSchedule
    Name:
    WALTER F SCHMIDT TRUST TUW
    FIRST FINANCIAL BANK NA
    EIN: 37-6311892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INCOME 924