Form990-PF
Click to see attachment

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 04-01-2012 , and ending 03-31-2013
Name of foundation
VAL A GREEN AND EDITH D GREEN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)4660 MCKINNEY COURT   Room/suite
City or town, state, and ZIP code
PARK CITY, UT84098
A Employer identification number

84-1407030
B Telephone number (see instructions)

(801) 560-9326
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$8,227,625J Accounting method:
MODIFIED CASH
(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 51,857 51,857  
4 Dividends and interest from securities...... 50,664 50,664  
5a Gross rents.............. 184,432 184,432  
b Net rental income or (loss) 184,432
6a Net gain or (loss) from sale of assets not on line 10 41,241
b Gross sales price for all assets on line 6a 484,499
7 Capital gain net income (from Part IV, line 2)... 41,241
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,670    
12 Total. Add lines 1 through 11........ 329,864 328,194  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 127,083 19,575   119,292
14 Other employee salaries and wages...... 13,226     13,226
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,414     9,414
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 10,098 782   9,316
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,154 4,123  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,199     6,199
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 10,431 3,929   6,502
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 181,605 28,409   163,949
25 Contributions, gifts, grants paid........ 259,500 259,500
26 Total expenses and disbursements. Add lines 24 and 25 441,105 28,409   423,449
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -111,241
b Net investment income (if negative, enter -0-) 299,785
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.......... 101,969 54,910 54,910
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)....................   Click to see attachment1,177 1,177
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   172,763    
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 3,900 6,000 6,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,172,688 Click to see attachment1,047,775 1,401,515
c Investments—corporate bonds (attach schedule)........ 239,204 Click to see attachment252,453 269,622
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 276,534 Click to see attachment495,687 560,829
14 Land, buildings, and equipment: basis bullet5,458,741
Less: accumulated depreciation (attach schedule) bullet10,236 5,450,049 Click to see attachment5,448,505 5,933,572
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,417,107 7,306,507 8,227,625
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) Click to see attachment416 Click to see attachment1,728
23 Total liabilities (add lines 17 through 22).......... 416 1,728
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......... 7,416,691 7,304,779
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).................... 7,416,691 7,304,779
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,417,107 7,306,507
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 7,416,691
2 Enter amount from Part I, line 27a..................... 2 -111,241
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 7,305,450
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 671
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,304,779
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.)
1a
b
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
b
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
b
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 41,241
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  
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 502,650 7,638,371 0.06581
2010 402,524 7,662,309 0.05253
2009 244,480 1,975,371 0.12376
2008 322,984 1,977,336 0.16334
2007 186,833 2,544,832 0.07342
2 Total of line 1, column (d) ...................... 2 0.47886
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 0.09577
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 8,017,103
5 Multiply line 4 by line 3....................... 5 767,822
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,998
7 Add lines 5 and 6......................... 7 770,820
8 Enter qualifying distributions from Part XII, line 4.............. 8 423,449
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 5,996
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 5,996
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 5,996
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 6,000
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 6,000
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 4
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet4 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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)
    bulletUT
    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.foundationcenter.org/grantmaker/green
    14
    The books are in care ofbulletVAL J GREEN Telephone no.bullet (801) 560-9326
    Located atbullet4660 MCKINNEY COURTPARK CITYUT ZIP+4bullet84098
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 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
     
    No
    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
     
    No
    .........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
     
    No
    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
    BRODY HAMBLIN Trustee
    1.00     		21,131    
    691 NORTH 2325 WEST
    LAYTON,UT84041
    KENLON W REEVE Trustee
    5.00     		10,000    
    2491 WASHINGTON BLVD STE 200
    OGDEN,UT84401
    HOLLY HAMBLIN Trustee
    7.00     		20,000    
    691 NORTH 2325 WEST
    LAYTON,UT84041
    VAL J GREEN Trustee
    30.00     		75,952    
    4660 MCKINNEY COURT
    PARK CITY,UT84098
    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  
    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
    1,904,743
    b
    Average of monthly cash balances.......................
    1b
    52,345
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,182,103
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,139,191
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,139,191
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    122,088
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,017,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    400,855
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    400,855
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    5,996
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,996
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    394,859
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    394,859
    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
    394,859
    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
    423,449
    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
    423,449
    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
    423,449
    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 7 394,859
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 61,215
    b From 2008....... 227,429
    c From 2009....... 150,403
    d From 2010....... 24,289
    e From 2011....... 126,576
    fTotal of lines 3a through e......... 589,912
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 423,449
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 394,859
    e Remaining amount distributed out of corpus 28,590
    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 5 618,502
    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 ..........     		0
    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) ...     		61,215
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		557,287
    10 Analysis of line 9:
    a Excess from 2008.... 227,429
    b Excess from 2009.... 150,403
    c Excess from 2010.... 24,289
    d Excess from 2011.... 126,576
    e Excess from 2012.... 28,590
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    VAL A GREEN EDITH D GREEN FOUNDATIO
    4660 MCKINNEY COURT
    PARK CITY,UT84098
    (801) 560-9326
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS ARE FIRST REQUIRED TO SUBMIT A SUMMARY LETTER THAT DETAILS THE GRANT REQUEST AND THE SPECIFIC USES OF THE PROPOSED GRANT. APPLICATIONS ARE REQUIRED AND WILL PROVIDE FURTHER INFORMATION ABOUT THE APPLICANT AND THE PROPOSED USES OF THE GRANT SUCH AS:1) PROJECT/PROGRAM BUDGET2) PRINCIPLE SOURCES OF SUPPORT3) APPLICANTS HISTORY, MISSION AND GOALS4) GEOGRAPHICAL AREA OF SERVICE5) PROJECT/PROGRAM EVALUATION PLAN6) PLANS FOR SUSTAINING PROJECT/PROGRAM
    cAny submission deadlines:
    DECEMBER 31ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TRUSTEES WILL NOT CONSIDER ANYTHING THAT IS ILLEGAL, INVOLVES SELF DEALING, SMALL GRANT RECIPIENTS WHO PROVIDE MINIMUM BENEFIT TO THE COMMUNITY, POLITICAL ACTION GROUPS, AND RECIPIENTS OUTSIDE OF THE STATE OF UTAH. THE GRANTS ARE LIMITED TO THE UTAH AREA AND ARE NOT TO INCLUDE ANY FOREIGN RECIPIENTS.
    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
    ST ANNE'S CENTER
    137 W BINFORD ST
    OGDEN,UT84401     		NONE EXEMPT TO PROVIDE SHELTER AND FOOD TO THE HOMELESS. 5,000
    DYSLEXIA TUTORING OF UTAH
    7304 COTTONWOOD ST
    MIDVALE,UT84047     		NONE EXEMPT TO TUTOR AND SUPPORT THOSE WITH DYSLEXIA 1,500
    NATIONAL ALLIANCE ON MENTAL ILLNESS
    1600 W 2200 S 202
    SALT LAKE CITY,UT84119     		NONE EXEMPT TO EMPOWER THOSE WITH MENTAL ILLNESS. 5,000
    NEIGHBORHOOD HOUSE
    1050 W 500 S
    SALT LAKE CITY,UT84104     		NONE EXEMPT TO PROVIDE DAYCARE AND OTHER SERVICES TO CHILDREN WHOSE PARENTS ARE NOT ABLE TO AFFORD NORMAL DAYCARE. 5,000
    VALLEY SERVICES
    3685 W 6200 S
    SALT LAKE CITY,UT84118     		NONE EXEMPT HELP THOSE WITH MENTAL ILLNESS OR OTHER DISABILITIES BECOME EMPLOYEED 3,000
    ALLIANCE HOUSE
    1724 S MAIN ST
    SALT LAKE CITY,UT84115     		NONE EXEMPT EMPOWERING THOSE WITH MENTAL ILLNESS 5,000
    ROCKY MOUNTAIN RESCUE DOGS
    1042 E FT UNION 334
    MIDVALE,UT84047     		NONE EXEMPT SEARCH AND RESCUE 5,000
    OGDEN-WEBER APPLIED TECHNOLOGY COLL
    200 N WASHINGTON BLVD
    OGDEN,UT84404     		NONE EXEMPT EDUCATION 5,000
    VOLUNTEERS OF AMERICA - UTAH
    511 WEST 200 SOUTH STE 160
    SALT LAKE CITY,UT84101     		NONE EXEMPT MINISTRY OF SERVICE ORGANIZED TO REACH AND UPLIFT THOSE IN NEED. 10,000
    YMCA OF SALT LAKE
    3098 S HIGHLAND DRIVE STE 440
    SALT LAKE CITY,UT84106     		NONE EXEMPT STRENGTHENING COMMUNITY 5,000
    EYE CARE FOR KIDS FOUNDATION
    6895 SOUTH STATE STREET
    SALT LAKE CITY,UT84047     		NONE EXEMPT EYE CARE FOR KIDS 70,000
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON ROAD
    KANAB,UT84741     		NONE EXEMPT PET ADOPTION SERVICES 7,500
    MORAN EYE CENTER
    65 MARIO CAPECCHI DRIVE
    SALT LAKE CITY,UT84132     		NONE EXEMPT EDUCATION 50,000
    RONALD MCDONALD HOUSE CHARITIES
    935 E SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		NONE EXEMPT SUPPORT/MEDICAL PATIENTS 2,500
    DAVID ECCLES SCHOOL OF BUSINESS
    1645 CAMPUS CENTER DR 102
    SALT LAKE CITY,UT84112     		NONE EXEMPT EDUCATION 25,000
    DAVIS ARTS COUNCIL
    445 N WASATCH DRIVE
    LAYTON,UT84041     		NONE EXEMPT PERFORMING ARTS 50,000
    UTAH ANIMAL ADOPTION CENTER
    1955 N REDWOOD ROAD
    SALT LAKE CITY,UT84116     		NONE EXEMPT PLACING ANIMALS IN HOMES 5,000
    Total .................................bullet 3a 259,500
    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 51,857  
    4 Dividends and interest from securities....     14 50,664  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 184,432  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,670  
    8Gain or (loss) from sales of assets other than inventory     18 41,241  
    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)..   329,864  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13329,864
    (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: 12000229
    Software Version: 2012v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,414 0 0 9,414

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

    TY 2012 DepreciationSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    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
    COMPUTER 2012-04-17 3,610   53 20.00 % 722      
    LAPTOP 2011-06-22 3,877 775 53 32.00 % 1,241      
    GRANT SOFTWARE 2011-07-11 5,920 1,973 34 44.45 % 2,631      
    COMPUTER 2010-07-12 1,689 878 53 19.20 % 324      
    COMPUTER 2009-05-27 2,045 1,456 53 11.52 % 236      

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESCO CORP BOND 126,679 138,693
    IVY HIGH INCOME 27,680 28,201
    ISHARES HIGH YIELD CORPORATE BOND FUND 83,094 87,721
    JP MORGAN CHASE & CO 6% NOTES 15,000 15,007
    VAN KAMPEN CORPORATE BOND    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PFIZER CORP 19,824 23,285
    MCDONALDS CORP 35,775 40,186
    JP MORGAN CHASE CO 21,904 28,001
    CSX CORP 4,928 5,419
    CENTURYLINK INC 50,671 42,267
    ABBVIE INC 28,323 42,126
    VODAFONE GROP PLC SP ADR    
    TOTAL S.A. SP ADR    
    GLAXOSMITHKLINE PLC ADR    
    FORD STEPS ISSUER BAC 50,000 50,550
    FORD MOTOR CO    
    AUTONAVI HLDGS LTD    
    ABBOTT LABS 145 146
    EXXON MOBILE CORP 37,558 48,597
    JOHNSON AND JOHNSON 66,944 89,759
    LINEAR TECHNOLOGY CORP 11,164 15,436
    SPECTRA ENERGY CORP 22,243 34,343
    VERIZON COMMUNICATIONS COM 59,277 99,537
    MERCK AND CO INC    
    CHEVRON CORP 778 810
    AMN ELEC POWER 6,527 11,622
    FIRST ENERGY CORP 6,204 6,697
    NATIONAL GRID PLC 4,755 7,483
    ONEOK INC. 7,313 28,236
    COCA COLA - MERRILL LYNCH 7999 199,541 333,914
    COCA COLA - MERRILL LYNCH 4448 413,901 493,101

    TY 2012 InvestmentsOtherSchedule2
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HSAX PARTNERS, LP AT COST 185,782 185,790
    ALLIANCEBERNSTEIN HLDG LP AT COST    
    ENERGY TRANSFER PARTNERS LP AT COST 68,551 133,685
    INVESTMENT NOTES RECEIVABLE AT COST 241,354 241,354

    TY 2012 LandEtcSchedule2
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 5,441,600   5,441,600 5,926,667
    Machinery and Equipment 17,141 10,236 6,905 6,905


    TY 2012 OtherDecreasesSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Description Amount
    nondeductible penalty 8
    nondeductible expenses from K1s 663


    TY 2012 OtherExpensesSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 750     750
    DUES & SUBSCRIPTIONS 4,414     4,414
    BROKER/BANK CHARGES 2,968 2,107   861
    AUTO MILEAGE REIMBURSEMENTS 2,299 1,822   477


    TY 2012 OtherIncomeSchedule2
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 1,670    


    TY 2012 OtherLiabilitiesSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX LIABILITIES 416 1,728


    TY 2012 OtherReceivablesOfficersSch
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name EXPENSE REIMBURSEMENTS
    Borrower's Title  
    Original Amount of Loan  
    Balance Due 1177
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2012 TaxesSchedule
    Name:
    VAL A GREEN AND EDITH D GREEN FOUNDATION
    EIN: 84-1407030
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 4,140 277   3,863
    FOREIGN TAXES ON DIVIDENDS 113 113    
    EXCISE TAX ON INVESTMENT INCOME 5,845 392   5,453