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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
BERNARD MCDONOUGH FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)311 FOURTH STREET   Room/suite
City or town, state, and ZIP code
PARKERBURG, WV26101
A Employer identification number

55-6023693
B Telephone number (see instructions)

(304) 424-6280
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$34,419,357J 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 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 49 49  
4 Dividends and interest from securities...... 775,212 770,393  
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 attachment 508,454
b Gross sales price for all assets on line 6a 17,279,465
7 Capital gain net income (from Part IV, line 2)... 674,669
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........ 1,283,715 1,445,111  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 158,000 7,900   150,100
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 79,935 3,997   75,938
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,275 3,451   2,824
c Other professional fees (attach schedule).... Click to see attachment 90,660 49,862   40,798
17 Interest............... 7,120 7,120    
18 Taxes (attach schedule) (see instructions) Click to see attachment 36,163 8,896   63
19 Depreciation (attach schedule) and depletion... Click to see attachment 9,804    
20 Occupancy.............. 20,196 1,010   19,186
21 Travel, conferences, and meetings....... 19,679 984   18,695
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 33,391 1,670   31,721
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 461,223 84,890   339,325
25 Contributions, gifts, grants paid........ 1,153,632 1,153,632
26 Total expenses and disbursements. Add lines 24 and 25 1,614,855 84,890   1,492,957
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -331,140
b Net investment income (if negative, enter -0-) 1,360,221
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,210,083 1,821,742 1,821,742
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........... 40,644 33,440 33,440
10a Investments—U.S. and state government obligations (attach schedule) 2,070,846 Click to see attachment2,055,031 2,185,209
b Investments—corporate stock (attach schedule)........ 24,003,409 Click to see attachment23,241,792 25,862,767
c Investments—corporate bonds (attach schedule)........ 4,446,982 Click to see attachment4,291,801 4,516,199
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 bullet77,911
Less: accumulated depreciation (attach schedule) bullet44,965 35,799 Click to see attachment32,946  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,807,763 31,476,752 34,419,357
Liabilities 17 Accounts payable and accrued expenses.......... 748 878
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).......... 748 878
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 31,807,015 31,475,874
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
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).................... 31,807,015 31,475,874
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 31,807,763 31,476,752
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 31,807,015
2 Enter amount from Part I, line 27a..................... 2 -331,140
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 31,475,875
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 31,475,874
Form 990-PF (2012)
Form 990-PF (2012)
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 MELLON - VARIOUS S/T P 2012-01-01 2012-12-31
b MELLON - VARIOUS L/T P 2011-01-01 2012-12-31
c PEOPLES - VARIOUS S/T P 2012-01-01 2012-12-31
d PEOPLES - VARIOUS L/T P 2011-01-01 2012-12-31
e UNITED - VARIOUS S/T P 2012-01-01 2012-12-31
UNITED - VARIOUS L/T P 2011-01-01 2012-12-31
FROM PASS-THROUGH ENTITY P 2012-01-01 2012-12-31
FROM PASS-THROUGH ENTITY P 2011-01-01 2012-12-31
(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 6,110,682   6,026,504 84,178
b 7,577,733   7,382,308 195,425
c 427,277   407,593 19,684
d 768,562   748,710 19,852
e 793,974   780,201 13,773
1,380,904   1,259,480 121,424
246     246
112,265     112,265
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       84,178
b       195,425
c       19,684
d       19,852
e       13,773
      121,424
      246
      112,265
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 2 674,669
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 instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 117,881
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))
2011 1,591,265 33,214,425 0.047909
2010 1,346,923 33,621,220 0.040062
2009 1,487,166 30,841,700 0.048219
2008 1,729,805 34,895,999 0.049570
2007 2,041,979 40,178,328 0.050823
2 Total of line 1, column (d) ...................... 2 0.236583
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 0.047317
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 32,880,873
5 Multiply line 4 by line 3....................... 5 1,555,824
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 13,602
7 Add lines 5 and 6......................... 7 1,569,426
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,492,957
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 27,204
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 27,204
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 27,204
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 60,644
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 60,644
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 33,440
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11 33,440
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 instructions)
    bulletWV
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.MCDONOUGHFOUNDATION.ORG
    14
    The books are in care ofbulletROBERT W STEPHENS Telephone no.bullet (304) 424-6280
    Located atbullet311 FOURTH STREETPARKERSBURGWV ZIP+4bullet26101
    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 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 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 2012 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 2012.)....................
    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 2012?
    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 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 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 (2012)
    Form 990-PF (2012)
    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 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
    ROBERT W STEPHENSClick to see attachment PRESIDENT
    40.00     		100,000 41,163 0
    4708 9TH AVENUE
    VIENNA,WV26105
    KATRINA VALENTINEClick to see attachment SECRETARY
    40.00     		58,000 27,567 0
    RT 3 BOX 88-B
    ELIZABETH,WV26143
    MARY RICCOBENEClick to see attachment VICE PRES.
    2.00     		0 0 0
    378 RIDGE ROAD
    PARKERSBURG,WV26105
    FC MCCUSKERClick to see attachment TREASURER
    2.00     		0 0 0
    RT 2 BOX 294
    WASHINGTON,WV26181
    ROBERT S BOONEClick to see attachment DIRECTOR
    2.00     		0 0 0
    1107 GARFIELD AVENUE
    PARKERSBURG,WV26102
    DALE A KNIGHTClick to see attachment DIRECTOR
    2.00     		0 0 0
    15150 NORTH HAYDEN ROAD
    SCOTTSDALE,AZ85260
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 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 (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    31,865,685
    b
    Average of monthly cash balances.......................
    1b
    1,515,912
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,381,597
    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
    33,381,597
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    500,724
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,880,873
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,644,044
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,644,044
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    27,204
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,204
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,616,840
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,616,840
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,616,840
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,492,957
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,492,957
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,492,957
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 1,616,840
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 133,427
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,492,957
    a Applied to 2011, but not more than line 2a 133,427
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 1,359,530
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		257,310
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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 or e-mail of the person to whom applications should be addressed:
    ROBERT W STEPHENS JR
    311 FOURTH STREET
    PARKERSBURG,WV26101
    (304) 424-6280
    bThe form in which applications should be submitted and information and materials they should include:
    REQUESTS SHOULD BE MADE IN LETTER FORM. INFORMATION SUBMITTED WITH THE REQUEST SHOULD INCLUDE FINANCIAL DATA AND DETAILED INFORMATION STATING NEED AND USE FOR REQUESTED FUNDING.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS AWARDED TO INDIVIDUALS OR FOR RELIGIOUS CAUSES.
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    ACTOR'S GUILD
    PO BOX 1881
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 800
    AIR EXPO 2012
    PO BOX 844
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 5,000
    ALTRUSA
    PO BOX 954
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 820
    ALZHEIMER ASSN
    1218 MARKET ST
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 10,000
    AMERICAN FRIENDS SERVICE COMMITTEE
    PO BOX 1952
    LOGAN,WV25601     		  501(C)3 GENERAL FUNDING 7,500
    AMERICAN RED CROSS
    220 8TH STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 2,000
    ARC OF OHIO COUNTY
    439 WARWOOD AVENUE
    WHEELING,WV26003     		  501(C)3 GENERAL FUNDING 3,000
    AREA ROUNDTABLE
    PO BOX 1683
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 5,000
    ARTSBRIDGE
    PO BOX 1706
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 26,000
    ATHLETES IN ACTION
    651 TAYLOR DRIVE
    XENIA,OH45385     		  501(C)3 GENERAL FUNDING 450
    BAXTER INSTITUTE
    8332 MESA DRIVE
    AUSTIN,TX78610     		  501(C)3 GENERAL FUNDING 1,000
    BELPRE HISTORICAL SOCIETY
    PO BOX 731
    BELPRE,OH45714     		  501(C)3 GENERAL FUNDING 30,000
    BELPRE SENIOR CENTER
    PO BOX 160
    BELPRE,OH45714     		  501(C)3 GENERAL FUNDING 19,799
    BETSY MILLS CLUB
    300 FOURTH STREET
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 29,100
    BIG CREEK PEOPLE IN ACTION
    HC 32 BOX 541
    WAR,WV24892     		  501(C)3 GENERAL FUNDING 20,000
    BOY SCOUTS
    1340 JULIANA STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 1,000
    BOYS GIRLS CLUB
    1200 MARY STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 37,000
    BOYS GIRLS CLUB OF WASHINGTON CO
    307 LANCASTER STREET SUI
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 10,000
    CAMDEN CLARK FOUNDATION CATH LAB
    PO BOX 1834
    PARKERSBURG,WV26102     		  501(C)3 GENERAL FUNDING 180
    CAMDEN CLARK FOUNDATION CHARITY GA
    PO BOX 1834
    PARKERSBURG,WV26102     		  501(C)3 GENERAL FUNDING 1,000
    CASA
    914 MARKET STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 2,500
    CASA OF THE EASTERN PANHANDLE
    229 E MARTIN STREET SUI
    MARTINSBURG,WV25401     		  501(C)3 GENERAL FUNDING 2,500
    CHARITY GOLF CLASSIC
    PO BOX 1834
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 950
    CHESTNUT MOUNTAIN RANCH
    PO BOX 757
    MORGANTOWN,WV26507     		  501(C)3 GENERAL FUNDING 3,500
    CHILDHOOD LANGUAGE
    406 CAPITOL STREET
    CHARLESTON,WV25301     		  501(C)3 GENERAL FUNDING 10,000
    CHILDREN'S HOME SOCIETY
    PO BOX 763
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 15,100
    CHRISTIAN HELP
    PO BOX 1257
    KERMIT,WV25674     		  501(C)3 GENERAL FUNDING 20,000
    COVENANT HOUSE
    600 SHREWSBURY STREET
    CHARLESTON,WV25301     		  501(C)3 GENERAL FUNDING 10,000
    CRITTENTON SERVICES
    2606 NATIONAL ROAD
    WHEELING,WV26003     		  501(C)3 GENERAL FUNDING 10,000
    CROSSROADS RECOVER HOME STOP COAL
    PO BOX 1385
    GILBERT,WV25621     		  501(C)3 GENERAL FUNDING 10,000
    DEVELOPMENTAL THERAPY CENTER
    845 FOURTH STREET SUITE
    HUNTINGTON,WV25701     		  501(C)3 GENERAL FUNDING 4,000
    DOLLAR ENERGY FUND
    PO BOX 3979
    CHARLESTON,WV25339     		  501(C)3 GENERAL FUNDING 25,000
    ECONOMIC ROUNDTABLE
    215 5TH STREET
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 1,000
    ELIZABETH VFD
    PO BOX 114
    ELIZABETH,WV26143     		  501(C)3 GENERAL FUNDING 25,000
    FAITHLINK
    521 MARKET STREET 6
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 5,000
    FAMILY CRISIS INTERVENTION CENTER
    PO BOX 695
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 25,000
    FRIENDS OF MOUNTWOOD PARK
    1014 VOLCANO ROAD
    WAVERLY,WV26184     		  501(C)3 GENERAL FUNDING 1,000
    GANNON UNIVERSITY MATCH FCM
    109 UNIVERSITY SQUARE
    ERIE,PA16541     		  501(C)3 GENERAL FUNDING 500
    GOOD SAMARITAN CLINIC
    418 GRAND PARK DRIVE
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 15,000
    GOSHEN PROJECT
    PO BOX 1921
    LOGAN,WV25601     		  501(C)3 GENERAL FUNDING 10,000
    HABITAT FOR HUMANITY - WASHINGTON C
    PO BOX 4092
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 10,000
    HABITAT FOR HUMANITY - WOOD COUNTY
    PO BOX 462
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 25,600
    HABITAT FOR HUMANITY OF KANAWHA P
    815 COURT STREET
    CHARLESTON,WV25301     		  501(C)3 GENERAL FUNDING 15,000
    HARAMBEE LEARNING CENTER
    131 PERKINS AVENUE
    DUNBAR,WV25064     		  501(C)3 GENERAL FUNDING 15,000
    HARMAR COMMUNITY CENTER
    307 LANCASTER STREET SUI
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 20,000
    HEALING PLACE
    2425 9TH AVENUE
    HUNTINGTON,WV25705     		  501(C)3 GENERAL FUNDING 25,000
    HENDERSON HALL
    PO BOX 1685
    PARKERSBURG,WV26102     		  501(C)3 GENERAL FUNDING 50,000
    HIGH ROCKS FOR GIRLS
    HC 64 BOX 438
    HILLSBORO,WV24946     		  501(C)3 GENERAL FUNDING 15,000
    HURRICAN CITY OF
    PO BOX 1086
    HURRICANE,WV25526     		  501(C)3 GENERAL FUNDING 995
    KIDS GOLF CLASSIC
    PO BOX 1508
    PARKERSBURG,WV26102     		  501(C)3 GENERAL FUNDING 900
    LEARNING DAY CAMP
    RT 3 BOX 162A
    PRINCETON,WV24740     		  501(C)3 GENERAL FUNDING 1,000
    LEUKEMIA SOCIETY
    333 EAST CARSTON STREET
    PITTSBURGH,PA15219     		  501(C)3 GENERAL FUNDING 10,000
    LOGAN CO CHILD ADVOCACY
    PO BOX 308
    LOGAN,WV25601     		  501(C)3 GENERAL FUNDING 6,000
    MENTAL HEALTH AMERICA OF MONONGALIA
    364 HIGH STREET SUITE 22
    MORGANTOWN,WV26505     		  501(C)3 GENERAL FUNDING 3,873
    MID-OHIO VALLEY REGIONAL COUNCIL
    PO BOX 247
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 2,500
    MID-OHIO VALLEY WORK CAMP
    PO BOX 5125
    VIENNA,WV26105     		  501(C)3 GENERAL FUNDING 7,000
    MOUNTAINEER FOOD BANK
    484 ENTERPIRSE DRIVE
    GASSAWAY,WV26624     		  501(C)3 GENERAL FUNDING 25,000
    MULTI-CULTURAL FESTIVAL
    PO BOX 2050
    PARKERSBURG,WV26102     		  501(C)3 GENERAL FUNDING 2,500
    NOT FOR SALE MINISTRIES
    2661 SAMS CREEK RD
    MINERAL WELLS,WV26150     		  501(C)3 GENERAL FUNDING 30,000
    OHIO HISTORICAL SOCIETY
    80 E 17TH AVENUE
    COLUMBUS,OH43211     		  501(C)3 GENERAL FUNDING 15,000
    OHIO RIVER STERNWHEEL FESTIVAL
    PO BOX 2109
    MARIETTA,OH45750     		  501(C)3 GENERAL FUNDING 200
    OHIO VALLEY UNIVERSITY
    1 COLLEGE PARKWAY
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 1,000
    OIL AND GAS MUSEUM
    PO BOX 1685
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 300
    OKLAHOMA CHRISTIAN MATCH RWS
    BOX 11000
    OKLAHOMA CITY,OK73136     		  501(C)3 GENERAL FUNDING 100
    OLD MAN RIVERS
    703 PIKE STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 20,000
    OPPORTUNITY COUNCIL OF DODDRIDGE CO
    103 SISTERSVILLE PIKE SU
    WEST UNION,WV26456     		  501(C)3 GENERAL FUNDING 7,000
    PARKERSBURG AREA COMMUNITY FOUNDATI
    PO BOX 1762
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 15,000
    PARKERSBURG HOMECOMING
    PO BOX 416
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 4,500
    PARKERSBURG CITY OF EXPLOSIVE ORD
    PO BOX 1627
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 1,000
    PASSIONIST VOLUNTEERS
    PO BOX 295
    PINEVILLE,WV24874     		  501(C)3 GENERAL FUNDING 10,000
    PENNSBORO WOMEN'S CLUB
    110 STONE AVENUE
    PENNSBORO,WV26415     		  501(C)3 GENERAL FUNDING 1,000
    REA OF HOPE
    1429 LEE STREET EAST
    CHARLESTON,WV25301     		  501(C)3 GENERAL FUNDING 10,000
    RITCHIE CO HUMANE SOCIETY
    2204 PRUNTY ROAD
    HARRISVILLE,WV26362     		  501(C)3 GENERAL FUNDING 10,000
    RIVER CITIES SYMPHONY
    PO BOX 477
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 2,000
    RUSS NESBITT SERVICES
    431 FULTON STREET
    WHEELING,WV26003     		  501(C)3 GENERAL FUNDING 10,000
    SALVATION ARMY
    534 5TH STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 24,440
    SALVATION ARMY CLARKSBURG
    PO BOX 366
    CLARKSBURG,WV26302     		  501(C)3 GENERAL FUNDING 10,000
    SCOTTIE'S PLACE
    PO BOX 905
    PETERSTOWN,WV24963     		  501(C)3 GENERAL FUNDING 7,200
    SENIOR CITIZENS OF VIENNA
    PO BOX 5097
    VIENNA,WV26105     		  501(C)3 GENERAL FUNDING 50,000
    SOUR MASH MEMORIAL
    PO BOX 5205
    VIENNA,WV26105     		  501(C)3 GENERAL FUNDING 1,000
    SW RESOURCES
    1007 MARY STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 15,000
    THEATRE DE JEUNESSE
    1011 CREST VIEW DRIVE
    CRESTON,WV26141     		  501(C)3 GENERAL FUNDING 2,500
    TUCKER CO EMERGENCY SHELTER
    PO BOX 491
    PARSONS,WV26287     		  501(C)3 GENERAL FUNDING 18,000
    UNITED WAY ALLIANCE OF THE MOV
    520 GRAND CENTRAL AVE S
    VIENNA,WV26105     		  501(C)3 GENERAL FUNDING 80,000
    UNIVERSITY OF CHARLESTON
    2300 MACCORKLE AVE SE
    CHARLESTON,WV25304     		  501(C)3 GENERAL FUNDING 33,000
    VETERANS MUSEUM
    1829 7TH STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 250
    VIENNA VOLUNTEER FIRE DEPT
    609 28TH STREET
    VIENNA,WV26150     		  501(C)3 GENERAL FUNDING 1,000
    VOLUNTEER ACTION CENTER
    521 MARKET STREET 6
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 15,000
    WATCH CENTER CHALLENGE GRANT
    2600 MAIN STREET
    WHEELING,WV26003     		  501(C)3 GENERAL FUNDING 10,000
    WESTBROOK HEALTH SERVICES
    2121 7TH STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 10,250
    WIRT CO MIDDLE SCHOOL
    PO BOX 699
    ELIZABETH,WV26143     		  501(C)4 GENERAL FUNDING 375
    WOOD CO COMMISSION
    350 7TH STREET
    PARKERSBURG,WV26101     		  501(C)3 GENERAL FUNDING 1,000
    WOOD CO ROTARY
    PO BOX 114
    PARKERSBURG,WV26101     		  501(C)4 GENERAL FUNDING 1,000
    WV FOOD FARM COALTION
    328 NEVILLE STREET
    BECKLEY,WV25801     		  501(C)3 GENERAL FUNDING 950
    WV GRANTMAKERS
    PO BOX 985
    WESTON,WV26452     		  501(C)3 GENERAL FUNDING 1,000
    WV HEALTH RIGHT
    1520 WASHINGTON STREET E
    CHARLESTON,WV25311     		  501(C)3 GENERAL FUNDING 10,000
    WV INDEPENDENT COLLEGES UNIVERSIT
    900 LEE STREET
    CHARLESTON,WV25301     		  501(C)3 GENERAL FUNDING 50,000
    WV NON-PROFIT ASSN
    PO BOX 1584
    MORGANTOWN,WV26505     		  501(C)3 GENERAL FUNDING 2,500
    WV SYMPHONY ORCHESTRA
    PO BOX 5511
    VIENNA,WV26105     		  501(C)3 GENERAL FUNDING 9,000
    WVU-P OUTSTANDING FACULTY AWARD
    300 CAMPUS DRIVE
    PARKERSBURG,WV26104     		  501(C)3 GENERAL FUNDING 1,000
    YMCA - OHIO WV CAMP HORSESHOE
    PO BOX 239
    POINT PLEASANT,WV25550     		  501(C)3 GENERAL FUNDING 20,000
    YMCA STRONG KIDS CAMPAIGN
    1800 30TH STREET
    PARKERSBURG,WV26101     		  501(C)4 GENERAL FUNDING 1,000
    Total .................................bullet 3a 1,153,632
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 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 49  
    4 Dividends and interest from securities....     14 775,212  
    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     18 508,454  
    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)..   1,283,715  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,283,715
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES PAID 1,675 921   754
    AUDITING FEES PAID 4,600 2,530   2,070

    TY 2012 CompensationExplanation
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Person Name Explanation
    ROBERT W STEPHENS  
    KATRINA VALENTINE  
    MARY RICCOBENE  
    FC MCCUSKER  
    ROBERT S BOONE  
    DALE A KNIGHT  

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    TY 2012 DepreciationSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DESK(POS) 2000-07-18 3,550 3,550 S/L 7.0000        
    BOOKCASE & SHELVING(POS) 2000-08-21 737 737 S/L 7.0000        
    FILE CABINETS(POS) 2000-11-02 695 695 S/L 7.0000        
    COMPUTER(CDW COMPUTER CENTER) 2001-05-08 1,622 1,622 S/L 3.0000        
    COMPUTER(DELL MARKETING) 2001-06-28 1,671 1,671 S/L 3.0000        
    XEROX COPIER 2000-02-08 1,903 1,903 S/L 5.0000        
    DESK(POS) 2000-03-14 3,019 3,019 S/L 7.0000        
    GRANT WRITING PACKAGE(MICRO EDGE) 2000-05-23 6,136 6,136 S/L 5.0000        
    CISCO 1602 R MODULAR ROUTER 2002-03-08 1,284 1,284 S/L 5.0000        
    DELL COMPUTER 2002-01-28 1,339 1,339 S/L 5.0000        
    DELL DIMENSION 4550 COMPUTER 2003-01-15 1,588 1,588 S/L 5.0000        
    COPIER (CWS) 2006-08-23 3,797 2,893 S/L 7.0000 542      
    2011 BUICK ENCLAVE 2010-12-17 43,619 8,724 S/L 5.0000 8,724      
    2 DELL COMPUTERS 2012-03-09 2,212   S/L 5.0000 369      
    BOARD ROOM FURNITURE 2012-09-17 4,739   S/L 7.0000 169      

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    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    OTHER LOSSES 2011-01 PURCHASE 2012-12     166,215     -166,215  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 2,572,233 2,749,672
    BONDS - MORTGAGE BACKED 1,719,568 1,766,527

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS AND MUTUAL FUNDS 20,529,753 22,886,162
    VENTURE CAPITAL INVESTMENTS 2,712,039 2,976,605

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    US Government Securities - End of Year Book Value:

    1,426,564
    US Government Securities - End of Year Fair Market Value:

    1,493,315
    State & Local Government Securities - End of Year Book Value:


    628,467
    State & Local Government Securities - End of Year Fair Market Value:


    691,894


    TY 2012 LandEtcSchedule2
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TOTAL PROPERTY & EQUIPMENT 77,911 44,965 32,946  


    TY 2012 OtherAssetsSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME - MV ONLY      


    TY 2012 OtherDecreasesSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Description Amount
    ROUNDING ADJUSTMENT 1


    TY 2012 OtherExpensesSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    GENERAL OVERHEAD 12,160 608   11,552
    UTILITIES 10,959 548   10,411
    MISCELLANEOUS 10,272 514   9,758


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE FEES - MELLON BANK 52,119 28,665   23,454
    TRUSTEE FEES - PEOPLES BANK 17,833 9,808   8,025
    TRUSTEE FEES - UNITED BANK 20,708 11,389   9,319


    TY 2012 TaxesSchedule
    Name:
    BERNARD MCDONOUGH FOUNDATION INC
    EIN: 55-6023693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 27,204      
    FOREIGN TAXES PAID 8,893 8,893    
    OTHER TAXES & LICENSES 66 3   63