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
BRADY S JOHNSTON PERPETUAL CHR TST
 

Number and street (or P.O. box number if mail is not delivered to street address)1234 KING STREET   Room/suite
City or town, state, and ZIP code
JACKSONVILLE, FL32204
A Employer identification number

59-7038385
B Telephone number (see page 10 of the instructions)

(904) 384-7541
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$1,418,835J 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 8,362 8,362  
4 Dividends and interest from securities...... 40,710 40,710  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see list of attachments 11,534
b Gross sales price for all assets on line 6a 501,387
7 Capital gain net income (from Part IV, line 2)... 11,534
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........ 60,606 60,606  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,408     17,408
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see list of attachments 3,715     3,715
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 5,583 5,583    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see list of attachments 4,075 4,075    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 806     806
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,587 9,658   21,929
25 Contributions, gifts, grants paid........ 60,000 60,000
26 Total expenses and disbursements. Add lines 24 and 25 91,587 9,658   81,929
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -30,981
b Net investment income (if negative, enter -0-) 50,948
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............... 116 100 100
2 Savings and temporary cash investments.......... 45,954 133,829 133,829
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 490,592 Click to see attachment420,000 427,242
b Investments—corporate stock (attach schedule)........ 728,169 Click to see attachment679,921 855,225
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)     2,439
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,264,831 1,233,850 1,418,835
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......... 1,264,831 1,233,850
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).................... 1,264,831 1,233,850
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,264,831 1,233,850
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 1,264,831
2 Enter amount from Part I, line 27a..................... 2 -30,981
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,233,850
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 1,233,850
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 LTCG P 2002-01-10 2011-10-27
b STCL P 2011-02-01 2011-10-10
c
d
e
(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 457,309   433,899 23,410
b 44,078   55,954 -11,876
c
d
e
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       23,410
b       -11,876
c
d
e
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 11,534
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 -11,876
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 71,759 1,364,589 0.0526
2009 91,696 1,303,831 0.0703
2008 95,280 1,346,818 0.0707
2007 78,245 1,658,378 0.0472
2006 134,067 1,601,411 0.0837
2 Total of line 1, column (d) ...................... 2 0.3245
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 0.0649
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,358,939
5 Multiply line 4 by line 3....................... 5 88,195
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 509
7 Add lines 5 and 6......................... 7 88,704
8 Enter qualifying distributions from Part XII, line 4.............. 8 81,929
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 1,019
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 1,019
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 1,019
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,971
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 1,971
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 10 952
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet952 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
 
 
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
 
 
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
 
 
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
 
 
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
 
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
 
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
 
 
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)bulletFL
    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
     
     
    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
     
     
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletCENTERSTATE BANK Telephone no.bullet (904) 301-2222
    Located atbullet1234 KING STREETJACKSONVILLEFL ZIP+4bullet32204
    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
     
     
    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
     
     
    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
     
     
    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
    CENTERSTATE BK CO-TSTEE
    10     		15,408    
    1234 KING ST
    JACKSONVILL,FL32204
    SAMUEL H HALL CO-TSTEE
    1     		400    
    814 HIGHWAY
    PONTE VEDRA,FL32082
    BRADY K SKAGGS CO-TRSTEE
    1     		400    
    11679 SPARKL
    JACKSONVILL,FL32223
    ANNA S PRATT CO-TSTEE
    1     		400    
    8125 GOLDEN
    ORLANDO,FL32819
    HARVY T SKAGGS CO-TSTEE
    1     		400    
    124 EAST SUN
    HAWTHORNE,FL32640
    DAVID S PRATT CO-TSTEE
    1     		400    
    8125 GOLDEN
    HAWTHORNE,FL32640
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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
    1,363,877
    b
    Average of monthly cash balances.......................
    1b
    15,757
    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
    1,379,634
    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
    1,379,634
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    20,695
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,358,939
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    67,947
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    67,947
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,019
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,019
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    66,928
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    66,928
    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
    66,928
    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
    81,929
    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
    81,929
    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
    81,929
    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 66,928
    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....... 48,648
    b From 2007.......  
    c From 2008.......  
    d From 2009....... 27,282
    e From 2010....... 5,501
    fTotal of lines 3a through e......... 81,431
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 81,929
    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..... 66,928
    e Remaining amount distributed out of corpus 15,001
    5 Excess distributions carryover applied to 2011.    
    (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 96,432
    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) .............     		48,648
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		47,784
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009.... 27,282
    d Excess from 2010.... 5,501
    e Excess from 2011.... 15,001
    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:
     
    bThe form in which applications should be submitted and information and materials they should include:
    NOT APPLICABLE
    cAny submission deadlines:
    NOT APPLICABLE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NOT APPLICABLE
    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
    THE BOLLES SCHOOL
    7400 SAN JOSE BLVD
    JACKSONVILLE,FL32217     		  501C3 GENERL USE 2,800
    HENDRICKS AVE BAP CHRCH
    4001 HENDRICKS AVENUE
    JACKSONVILLE,FL32207     		  501C3 GENERAL USE 6,000
    BAPTIST HEALTH FOUNDTN
    841 PRUDENTIAL DRIVE
    JACKSONVILLE,FL32207     		  501C3 GENERAL USE 30,000
    JAX HUMANE SOCIETY
    8464 BEACH BOULEVARD
    JACKSONVILLE,FL32216     		  501C3 GENERAL USE 500
    I M SULZBACHER CENTER
    611 EAST ADAMS STREET
    JACKSONVILLE,FL32202     		  501C3 GENERAL USE 500
    THE COMMUNITY FOUNDATIO
    245 RIVERSIDE AVENUE
    JACKSONVILLE,FL32202     		  501C3 GENERAL USE 1,500
    WJCT
    100 FESTIVAL PARK AVE
    JACKSONVILLE,FL32202     		  501C3 GENERAL USE 300
    HABITAT FOR HUMANITY
    2404 HUBBARD STREET
    JACKSONVILLE,FL32206     		  501C3 GENERAL USE 2,400
    EPISCOPAL HIGH SCHOOL
    4455 ATLANTIC BOULEVARD
    JACKSONVILLE,FL32207     		  501C3 GENERAL USE 2,000
    SECOND HARVEST FOOD BNK
    1502 JESSIE STREET
    JACKSONVILLE,FL32206     		  501C3 GENERAL USE 4,400
    AMERICAN RED CROSS
    751 RIVERSIDE AVENUE
    JACKSONVILLE,FL32204     		  501C3 GENERAL USE 5,600
    ART WITH A HEART
    841 PRUDENTIAL DRIVE
    JACKSONVILLE,FL32207     		  501C3 GENERAL USE 1,000
    MUSEUM-CONTEMPORY ART
    333 NORTH LAURA STREET
    JACKSONVILLE,FL32202     		  501C3 GENERAL USE 1,000
    MIDDLEBURG METHODIST CH
    3925 MAIN STREET
    MIDDLEBURG,FL32068     		  501C3 GENERAL USE 2,000
    Total .................................bullet 3a 60,000
    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 8,362  
    4 Dividends and interest from securities....     14 40,710  
    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 11,534  
    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)..   60,606  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1360,606
    (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)
     
     
    (2) Other assets.................................
    1a(2)
     
     
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
     
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
     
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
     
    (4) Reimbursement arrangements...........................
    1b(4)
     
     
    (5) Loans or loan guarantees.............................
    1b(5)
     
     
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
     
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
     
    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: 11000215
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LTCG 2002-01 PURCHASE 2011-10  
    VARIOUS     		457,309 433,899 COST      
    STCL 2011-02 PURCHASE 2011-10  
    VARIOUS     		44,078 55,954 COST      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LTCG 2002-01 PURCHASE 2011-10  
    VARIOUS     		457,309 433,899 COST      
    STCL 2011-02 PURCHASE 2011-10  
    VARIOUS     		44,078 55,954 COST      

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Name of Stock End of Year Book Value End of Year Fair Market Value
    425 SHRS AGL RES INC COM 15,261 16,469
    300 SHRS AMERICAN EXPRESS COMPANY 12,693 17,463
    125 SHRS APACHE INC 15,051 10,986
    600 SHRS AT&T INC 16,937 21,396
    575 SHRS ATMOS ENERGY CORP 15,323 20,165
    500 SHRS BCE INC 19,395 20,600
    150 SHRS CHEVRON TEXACO CORP 16,626 15,825
    200 SHRS COCA COLA CO 13,784 15,638
    300 SHRS DARDEN RESTAURANTS INC 14,081 15,189
    300 SHRS DOMINION RES INC VA 10,287 16,200
    400 SHRS ETE ENERGY CO 19,552 23,732
    600 SHRS EMC CORPORATION 14,268 15,378
    325 SHRS EMERSON ELEC CO 14,245 15,139
    200 SHRS ENTERGY CORP 13,453 13,578
    350 SHRS EXELON CORP 15,543 13,167
    200 SHRS EXPRESS SCRIPTS HLDG CO 1,997 11,166
    200 SHRS EXXON MOBIL CORP 10,991 17,114
    500 SHRS GENERAL MILLS INC 18,385 19,270
    375 SHRS GENUINE PARTS CO 19,778 22,594
    75 SHRS GRAINGER W W INC 7,492 14,343
    300 SHRS HEINZ H J CO 14,229 16,314
    800 SHRS INTEL CORP 17,400 21,320
    100 SHRS INTERNATIONAL BUSINESS MACHINES 12,195 19,558
    350 SHRS JOHNSON & JOHNSON 4,791 23,646
    250 SHRS KIMBERLY-CLARK CORP 14,715 20,943
    250 SHRS MCDONALDS CORP 15,790 22,133
    175 SHRS MCKESSON CORP 13,778 16,406
    475 SHRS MICROCHIP TECHNOLOGY INC 15,731 15,713
    550 SHRS MICROSOFT CORP 16,718 16,825
    300 SHRS NEXTERA ENERGY INC 14,394 20,643
    650 SHRS ORACLE CORP 15,696 19,305
    225 SHRS PEPSICO INC 10,516 15,899
    825 SHRS PFIZER INC 14,932 18,975
    250 SHRS PROCTER & GAMBLE CO 14,289 15,313
    325 SHRS QUALCOMM INC COM 13,835 18,096
    425 SHRS SCANA CORP NEW COM 14,760 20,332
    250 SHRS SCHLUMBERGER LIMITED 11,809 16,228
    250 SHRS STRYKER CORP 11,983 13,775
    325 SHRS T ROWE PRICE GROUP INC 15,926 20,462
    300 SHRS TARGET CORP COM 10,007 17,457
    200 SHRS UNITED TECHNOLOGIES CORP 14,941 15,106
    525 SHRS VERIZON COMMUNICATIONS INC 14,345 23,331
    300 SHRS WAL MART STORES INC. 15,214 20,916
    700 SHRS XCEL ENERGY INC 14,763 19,887
    350 SHRS ACCENTURE LTD CLASS A 11,738 21,032
    275 SHRS NOVARTIS 15,076 15,373
    175 SHRS TORONTO DOMINION BANK 15,183 13,690
    VODAFONE GROUP PLC NEW 20,025 21,135

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    US Government Securities - End of Year Book Value:

    420,000
    US Government Securities - End of Year Fair Market Value:

    427,242
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 LegalFeesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FRAZIER & FRAZIER TAX RTN PREP 3,265     3,265
    F&F-FEES TO ATTEND SEMI-ANL MTGS 450     450


    TY 2011 LegalFeesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FRAZIER & FRAZIER TAX RTN PREP 3,265     3,265
    F&F-FEES TO ATTEND SEMI-ANL MTGS 450     450


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GODSEY & GIBB FEE 5,583 5,583    


    TY 2011 TaxesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    11-14-11 TRANSFER-2010 TAX 1,582 1,582    
    6-30-12 ESTIMATED TAX PAYMENT 1,971 1,971    
    FOREIGN TAX WITHHOLDING 522 522    


    TY 2011 TaxesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    11-14-11 TRANSFER-2010 TAX 1,582 1,582    
    6-30-12 ESTIMATED TAX PAYMENT 1,971 1,971    
    FOREIGN TAX WITHHOLDING 522 522    


    TY 2011 TaxesSchedule
    Name:
    BRADY S JOHNSTON PERPETUAL CHR TST
    EIN: 59-7038385
    Software ID:11000215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    11-14-11 TRANSFER-2010 TAX 1,582 1,582    
    6-30-12 ESTIMATED TAX PAYMENT 1,971 1,971    
    FOREIGN TAX WITHHOLDING 522 522