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
JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
 

Number and street (or P.O. box number if mail is not delivered to street address)742 WASHINGTON STREET   Room/suite
City or town, state, and ZIP code
CANTON, MA02021
A Employer identification number

04-3292638
B Telephone number (see instructions)

(781) 828-2250
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$3,375,170J 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 11 11  
4 Dividends and interest from securities...... 104,539 104,539  
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 10,239
b Gross sales price for all assets on line 6a 738,682
7 Capital gain net income (from Part IV, line 2)... 10,239
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 114,789 114,789  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 7,500      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,150 4,150   4,150
c Other professional fees (attach schedule).... Click to see attachment 28,346 28,346   28,346
17 Interest............... 52 52   52
18 Taxes (attach schedule) (see instructions) Click to see attachment 4,206 70    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,612 3,612   3,612
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,866 36,230   36,160
25 Contributions, gifts, grants paid........ 105,000 105,000
26 Total expenses and disbursements. Add lines 24 and 25 152,866 36,230   141,160
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,077
b Net investment income (if negative, enter -0-) 78,559
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.......... 286,565 136,526 136,531
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 355,452 347,133 350,991
b Investments—corporate stock (attach schedule)........ 1,243,851 Click to see attachment1,422,871 1,608,114
c Investments—corporate bonds (attach schedule)........ 1,252,501 Click to see attachment1,193,762 1,279,534
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,138,369 3,100,292 3,375,170
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,138,369 3,100,292
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).................... 3,138,369 3,100,292
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,138,369 3,100,292
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 3,138,369
2 Enter amount from Part I, line 27a..................... 2 -38,077
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,100,292
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,100,292
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 FED FARM BANKS P 2011-01-03 2012-01-10
b CITIGROUP INC P 2006-06-27 2012-02-21
c DETROIT EDISON P 2003-08-21 2012-07-23
d ABBOTT LABS P 2006-06-27 2012-12-10
e ISHARES P 2011-08-16 2012-06-07
DWS P 2011-08-16 2012-06-07
TEMPLETON GLOBAL P 2011-09-19 2012-06-07
DOUBLELINE P 2011-08-16 2012-08-23
DOUBLELINE P 2011-08-31 2012-08-23
PERMANENT PORTFOLIO P 2011-08-16 2012-08-23
PERMANENT PORTFOLIO P 2011-12-07 2012-08-23
ISHARES P 2011-08-16 2012-09-11
VANGUARD GROWTH P 2012-05-17 2012-09-11
VANGUARD DIVIDEND P 2011-08-16 2012-09-11
VANGUARD DIVIDEND P 2012-05-17 2012-09-11
VANGUARD DIVIDEND P 2012-06-07 2012-09-11
VANGUARD SHORT TERM BOND P 2011-08-16 2012-09-11
VANGUARD SHORT TERM P 2011-08-16 2012-09-11
AQR DIV P 2011-08-16 2012-09-11
AQR DIV P 2011-12-19 2012-09-11
TURNER SPECTRUM P 2011-08-16 2012-09-11
TURNER SPECTRUM P 2011-12-16 2012-09-11
ROYCE SPECIAL P 2011-08-16 2012-09-11
ROYCE SPECIAL P 2011-08-16 2012-09-11
DELAFIELD FD P 2011-08-16 2012-09-11
DELAFIELD FD P 2011-12-23 2012-09-11
LEUTHOLD GLB P 2011-08-16 2012-09-11
LEUTHOLD GLB P 2011-09-22 2012-09-11
THIRD AVE P 2011-08-16 2012-09-11
THIRD AVE P 2011-08-16 2012-09-11
TOUCHSTONE P 2011-08-16 2012-09-11
THIRD AVE P 2012-07-16 2012-09-11
TOUCHSTONE P 2012-03-22 2012-09-11
HARTFORD GLB P 2011-08-16 2012-09-11
HARTFORD GLB P 2011-12-27 2012-09-11
JENSEN P 2011-08-16 2012-09-11
YACKTMAN P 2011-08-16 2012-09-11
TWEEDY BROWN P 2011-08-16 2012-09-11
PRIMECAP P 2011-08-16 2012-09-11
JORDAN OPPORTUNITY FD P 2011-08-16 2012-09-10
WINTERGREEN FD P 2011-08-16 2012-09-11
WEITZ P 2011-08-16 2012-09-11
MATTHEWS ASIA P 2011-08-16 2012-09-11
HTRS ALPHA P 2011-08-16 2012-09-11
RS GL P 2011-08-16 2012-09-11
WF ADVERTISING P 2012-06-07 2012-09-11
WELLS FARGO P 2012-06-07 2012-09-11
MAINSTAY HIGH YIELD P 2011-08-16 2012-09-11
CHAMPLAIN MID CAP P 2011-08-16 2012-09-11
PIMCO P 2011-08-16 2012-09-11
UAM FPA P 2011-08-16 2012-09-11
FED NAT MGTE P 2011-08-16 2012-01-18
BEAR STEARNS P 2011-08-16 2012-02-01
FED NATL MTGE P 2011-08-16 2012-02-28
FED NATL MTGE P 2011-08-16 2012-03-15
CAP ONE P 2011-10-25 2012-05-15
US TREAS P 2011-09-27 2012-05-23
KRAFT FOODS P 2011-08-16 2012-06-01
TIME WARNER P 2011-08-16 2012-07-02
FNMA P 2011-09-27 2012-07-09
FHLMC P 2011-08-16 2012-07-09
FNMA P 2011-08-16 2012-07-09
FHLMC P 2011-08-16 2012-07-09
FED NATL MORT P 2012-02-28 2012-08-20
US TREAS P 2011-08-16 2012-07-31
CHASE ISSU P 2011-11-16 2012-10-15
US TREASURY P 2011-08-16 2012-12-11
FED HOME P 2011-08-22 2012-03-07
GOLDMAN SACHS P 2011-08-22 2012-04-30
US TREASURY P 2011-10-27 2012-09-13
ING SPORTS P 2011-08-22 2012-10-25
COCA COLA P 2011-08-22 2012-11-05
GOLDMAN SACHS P 2011-04-30 2012-11-27
US TREASURY P 2012-08-03 2012-11-08
STATOIL P 2011-08-22 2012-12-04
US TREASURY P 2011-12-01 2012-02-09
TELEFONICA P 2011-08-16 2012-05-18
FNMA ML P 2012-01-13 2012-07-16
US TREASURY P 2012-04-30 2012-07-24
FNMA ML P 2011-08-16 2012-08-13
US TREASURY P 2011-08-16 2012-09-28
ABBOTT P 2011-08-16 2012-11-13
IBM P 2011-08-16 2012-11-29
US TREASURY P 2011-09-21 2012-11-28
US TREASURY P 2011-09-21 2012-11-28
(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 100,000   100,500 -500
b 50,000   50,476 -476
c 50,551   50,195 356
d 29,524   24,875 4,649
e 39,672   39,803 -131
3,523   4,345 -822
3,878   4,224 -346
4,114   3,994 120
254   241 13
3,907   3,992 -85
67   66 1
8,592   7,972 620
1,881   1,728 153
9,317   7,982 1,335
2,986   2,796 190
4,001   3,758 243
19,845   19,933 -88
28,771   28,189 582
3,948   3,991 -43
144   142 2
3,724   3,991 -267
170   170  
986   843 143
11   10 1
791   672 119
9   8 1
8,057   7,994 63
190   177 13
61   64 -3
3,526   3,681 -155
1,224   953 271
4   4  
7   6 1
4,185   3,992 193
48   44 4
179   154 25
123   109 14
2,103   1,926 177
1,127   902 225
4,571   4,000 571
7,123   7,000 123
5,174   4,577 597
4,162   4,122 40
4,111   4,003 108
4,167   4,024 143
2,564   2,442 122
4   4  
2,877   2,744 133
622   559 63
1,120   1,094 26
516   475 41
13,963   13,962 1
1,000   1,000  
15,150   15,027 123
9,000   9,308 -308
3,000   2,999 1
4,064   4,006 58
1,000   1,000  
2,000   2,000  
377   376 1
391   410 -19
710   726 -16
375   378 -3
12,133   12,001 132
19,819   19,759 60
3,000   3,118 -118
19,073   18,931 142
27,086   27,056 30
5,737   5,660 77
33,434   32,874 560
2,228   2,165 63
6,565   6,084 481
6,249   5,996 253
9,040   9,036 4
6,532   6,323 209
6,547   6,468 79
1,824   2,037 -213
1,821   1,742 79
9,141   9,040 101
26,991   25,886 1,105
14,408   14,483 -75
2,367   2,286 81
2,000   2,000  
7,295   7,288 7
35,851   37,072 -1,221
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       -500
b       -476
c       356
d       4,649
e       -131
      -822
      -346
      120
      13
      -85
      1
      620
      153
      1,335
      190
      243
      -88
      582
      -43
      2
      -267
       
      143
      1
      119
      1
      63
      13
      -3
      -155
      271
       
      1
      193
      4
      25
      14
      177
      225
      571
      123
      597
      40
      108
      143
      122
       
      133
      63
      26
      41
      1
       
      123
      -308
      1
      58
       
       
      1
      -19
      -16
      -3
      132
      60
      -118
      142
      30
      77
      560
      63
      481
      253
      4
      209
      79
      -213
      79
      101
      1,105
      -75
      81
       
      7
      -1,221
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 10,239
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 1,178
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 137,655 3,230,432 000.042612
2010 113,879 2,732,589 000.041674
2009 114,726 2,088,179 000.054941
2008 113,095 1,945,817 000.058122
2007 117,647 1,945,817 000.060461
2 Total of line 1, column (d) ...................... 2 000.257810
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. . . 		3 000.051562
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 3,149,767
5 Multiply line 4 by line 3....................... 5 162,408
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 786
7 Add lines 5 and 6......................... 7 163,194
8 Enter qualifying distributions from Part XII, line 4.............. 8 141,160
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 1,571
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,571
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,571
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 32
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,603
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   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
 
 
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)
    bulletMA
    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 addressbulletNONE
    14
    The books are in care ofbulletPAUL CARROLL Telephone no.bullet (781) 828-2250
    Located atbullet742 WASHINGTON STREETCANTONMA ZIP+4bullet02021
    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
    PAUL CARROLL TRUSTEE
    003.00     		2,500    
    742 WASHINGTON STREET
    CANTON,MA02021
    RICHARD R STAITI TRUSTEE
    003.00     		2,500    
    9 BURNS AVE
    CANTON,MA02021
    EDWARD SULLIVAN TRUSTEE
    003.00     		2,500    
    19 WOODCLIFF ROAD
    CANTON,MA02021
    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
     
    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
    JOHN J KONEVICH CPA PC PROFESSIONAL 4,150
    100 SHAWMUT ROAD
    CANTON,MA02021
    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 EDUCATIONAL SCHOLARSHIPS TO THE STUDENTS OF CANTON, MA AND CIVIC CONTRIBUTIONS TO THE TOWN OF CANTON, MA 0
    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
    2,963,761
    b
    Average of monthly cash balances.......................
    1b
    233,972
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,197,733
    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
    3,197,733
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    47,966
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,149,767
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    157,488
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    157,488
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,571
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,571
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    155,917
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    155,917
    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
    155,917
    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 Click to see attachment..........
    1a
    141,160
    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
    141,160
    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
    141,160
    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 7 155,917
    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....... 15,254
    b From 2008....... 17,598
    c From 2009....... 12,077
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e......... 44,929
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 141,160
    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).........     		 
    d Applied to 2012 distributable amount..... 141,160
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 14,757 14,757
    (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 30,172
    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) ...     		497
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		29,675
    10 Analysis of line 9:
    a Excess from 2008.... 17,598
    b Excess from 2009.... 12,077
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    WILLIAM BIGWOOD
    196 NEPONSET STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    DMITRY KOVALENKOV
    232 GREENBROOK DRIVE
    STOUGHTON,MA02072     		NONE   SCHOLARSHIP 5,000
    REBECCA MCADAMS
    51 ELM STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    ANNIKO PHONGCHIT
    105 YORK STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    ROBERT BROWN
    221 HIGH STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    KEVIN FORTIN
    165 SHERMAN STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    REBECCA MANTOVANI
    17 LONGMEADOW DRIVE
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    NICOLE SANTOSUOSSO
    7 CURTIS STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    ELIZABETH STOCK
    281 WASHINGTON STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    LINDSAY DAVIS
    37 BEAUMONT STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    HANNAH LARSON
    2 BLACKMAN ROAD
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    JOSEPH WARD
    45 ANGELA STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    KYLA GALER
    11 WESTDALE ROAD
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    RACHAEL WOLFF
    48 SPRING LANE
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    JOSHUA SHEEHAN
    16 COUNTRY CLUB ROAD
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    CHIDIMMA NWANKWO
    52 CENTRE STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    BRYAN GLICK
    1743 WASHINGTON STREET
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    ANDREW STAITI
    9 BURNS AVE
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    SHERENA BLACK
    305 NORTH MAIN STREET
    RANDOLPH,MA02021     		NONE   SCHOLARSHIP 5,000
    SHANNON SMITH
    53 LEONARD AVE
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    VICTORIA SHEPPHARD
    10 GALWAY ROAD
    CANTON,MA02021     		NONE   SCHOLARSHIP 5,000
    Total .................................bullet 3a 105,000
    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 11  
    4 Dividends and interest from securities....     14 104,539  
    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.....     14    
    8Gain or (loss) from sales of assets other than inventory   10,239      
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 10,239 104,550  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13114,789
    (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: 12000057
    Software Version: 12.15.422.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JOHN J KONEVICH CPA PC 4,150 4,150   4,150

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    FED FARM BANKS 2011-01 P 2012-01 FOUNDATION UST 100,000 100,500     -500  
    CITIGROUP INC 2006-06 P 2012-02 FOUNDATION UST 50,000 50,476     -476  
    DETROIT EDISON 2003-08 P 2012-07 FOUNDATION UST 50,551 50,195     356  
    ABBOTT LABS 2006-06 P 2012-12 FOUNDATION UST 29,524 24,875     4,649  
    ISHARES 2011-08 P 2012-06 FOUNDATION ML 39,672 39,803     -131  
    DWS 2011-08 P 2012-06 FOUNDATION ML 3,523 4,345     -822  
    TEMPLETON GLOBAL 2011-09 P 2012-06 FOUNDATION ML 3,878 4,224     -346  
    DOUBLELINE 2011-08 P 2012-08 FOUNDATION ML 4,114 3,994     120  
    DOUBLELINE 2011-08 P 2012-08 FOUNDATION ML 254 241     13  
    PERMANENT PORTFOLIO 2011-08 P 2012-08 FOUNDATION ML 3,907 3,992     -85  
    PERMANENT PORTFOLIO 2011-12 P 2012-08 FOUNDATION ML 67 66     1  
    ISHARES 2011-08 P 2012-09 FOUNDATION ML 8,592 7,972     620  
    VANGUARD GROWTH 2012-05 P 2012-09 FOUNDATION ML 1,881 1,728     153  
    VANGUARD DIVIDEND 2011-08 P 2012-09 FOUNDATION ML 9,317 7,982     1,335  
    VANGUARD DIVIDEND 2012-05 P 2012-09 FOUNDATION ML 2,986 2,796     190  
    VANGUARD DIVIDEND 2012-06 P 2012-09 FOUNDATION ML 4,001 3,758     243  
    VANGUARD SHORT TERM BOND 2011-08 P 2012-09 FOUNDATION ML 19,845 19,933     -88  
    VANGUARD SHORT TERM 2011-08 P 2012-09 FOUNDATION ML 28,771 28,189     582  
    AQR DIV 2011-08 P 2012-09 FOUNDATION ML 3,948 3,991     -43  
    AQR DIV 2011-12 P 2012-09 FOUNDATION ML 144 142     2  
    TURNER SPECTRUM 2011-08 P 2012-09 FOUNDATION ML 3,724 3,991     -267  
    TURNER SPECTRUM 2011-12 P 2012-09 FOUNDATION ML 170 170        
    ROYCE SPECIAL 2011-08 P 2012-09 FOUNDATION ML 986 843     143  
    ROYCE SPECIAL 2011-08 P 2012-09 FOUNDATION ML 11 10     1  
    DELAFIELD FD 2011-08 P 2012-09 FOUNDATION ML 791 672     119  
    DELAFIELD FD 2011-12 P 2012-09 FOUNDATION ML 9 8     1  
    LEUTHOLD GLB 2011-08 P 2012-09 FOUNDATION ML 8,057 7,994     63  
    LEUTHOLD GLB 2011-09 P 2012-09 FOUNDATION ML 190 177     13  
    THIRD AVE 2011-08 P 2012-09 FOUNDATION ML 61 64     -3  
    THIRD AVE 2011-08 P 2012-09 FOUNDATION ML 3,526 3,681     -155  
    TOUCHSTONE 2011-08 P 2012-09 FOUNDATION ML 1,224 953     271  
    THIRD AVE 2012-07 P 2012-09 FOUNDATION ML 4 4        
    TOUCHSTONE 2012-03 P 2012-09 FOUNDATION ML 7 6     1  
    HARTFORD GLB 2011-08 P 2012-09 FOUNDATION ML 4,185 3,992     193  
    HARTFORD GLB 2011-12 P 2012-09 FOUNDATION ML 48 44     4  
    JENSEN 2011-08 P 2012-09 FOUNDATION ML 179 154     25  
    YACKTMAN 2011-08 P 2012-09 FOUNDATION ML 123 109     14  
    TWEEDY BROWN 2011-08 P 2012-09 FOUNDATION ML 2,103 1,926     177  
    PRIMECAP 2011-08 P 2012-09 FOUNDATION ML 1,127 902     225  
    JORDAN OPPORTUNITY FD 2011-08 P 2012-09 FOUNDATION ML 4,571 4,000     571  
    WINTERGREEN FD 2011-08 P 2012-09 FOUNDATION ML 7,123 7,000     123  
    WEITZ 2011-08 P 2012-09 FOUNDATION ML 5,174 4,577     597  
    MATTHEWS ASIA 2011-08 P 2012-09 FOUNDATION ML 4,162 4,122     40  
    HTRS ALPHA 2011-08 P 2012-09 FOUNDATION ML 4,111 4,003     108  
    RS GL 2011-08 P 2012-09 FOUNDATION ML 4,167 4,024     143  
    WF ADVERTISING 2012-06 P 2012-09 FOUNDATION ML 2,564 2,442     122  
    WELLS FARGO 2012-06 P 2012-09 FOUNDATION ML 4 4        
    MAINSTAY HIGH YIELD 2011-08 P 2012-09 FOUNDATION ML 2,877 2,744     133  
    CHAMPLAIN MID CAP 2011-08 P 2012-09 FOUNDATION ML 622 559     63  
    PIMCO 2011-08 P 2012-09 FOUNDATION ML 1,120 1,094     26  
    UAM FPA 2011-08 P 2012-09 FOUNDATION ML 516 475     41  
    FED NAT MGTE 2011-08 P 2012-01 FOUNDATION ML 13,963 13,962     1  
    BEAR STEARNS 2011-08 P 2012-02 FOUNDATION ML 1,000 1,000        
    FED NATL MTGE 2011-08 P 2012-02 FOUNDATION ML 15,150 15,027     123  
    FED NATL MTGE 2011-08 P 2012-03 FOUNDATION ML 9,000 9,308     -308  
    CAP ONE 2011-10 P 2012-05 FOUNDATION ML 3,000 2,999     1  
    US TREAS 2011-09 P 2012-05 FOUNDATION ML 4,064 4,006     58  
    KRAFT FOODS 2011-08 P 2012-06 FOUNDATION ML 1,000 1,000        
    TIME WARNER 2011-08 P 2012-07 FOUNDATION ML 2,000 2,000        
    FNMA 2011-09 P 2012-07 FOUNDATION ML 377 376     1  
    FHLMC 2011-08 P 2012-07 FOUNDATION ML 391 410     -19  
    FNMA 2011-08 P 2012-07 FOUNDATION ML 710 726     -16  
    FHLMC 2011-08 P 2012-07 FOUNDATION ML 375 378     -3  
    FED NATL MORT 2012-02 P 2012-08 FOUNDATION ML 12,133 12,001     132  
    US TREAS 2011-08 P 2012-07 FOUNDATION ML 19,819 19,759     60  
    CHASE ISSU 2011-11 P 2012-10 FOUNDATION ML 3,000 3,118     -118  
    US TREASURY 2011-08 P 2012-12 FOUNDATION ML 19,073 18,931     142  
    FED HOME 2011-08 P 2012-03 FOUNDATION ML 27,086 27,056     30  
    GOLDMAN SACHS 2011-08 P 2012-04 FOUNDATION ML 5,737 5,660     77  
    US TREASURY 2011-10 P 2012-09 FOUNDATION ML 33,434 32,874     560  
    ING SPORTS 2011-08 P 2012-10 FOUNDATION ML 2,228 2,165     63  
    COCA COLA 2011-08 P 2012-11 FOUNDATION ML 6,565 6,084     481  
    GOLDMAN SACHS 2011-04 P 2012-11 FOUNDATION ML 6,249 5,996     253  
    US TREASURY 2012-08 P 2012-11 FOUNDATION ML 9,040 9,036     4  
    STATOIL 2011-08 P 2012-12 FOUNDATION ML 6,532 6,323     209  
    US TREASURY 2011-12 P 2012-02 FOUNDATION ML 6,547 6,468     79  
    TELEFONICA 2011-08 P 2012-05 FOUNDATION ML 1,824 2,037     -213  
    FNMA ML 2012-01 P 2012-07 FOUNDATION ML 1,821 1,742     79  
    US TREASURY 2012-04 P 2012-07 FOUNDATION ML 9,141 9,040     101  
    FNMA ML 2011-08 P 2012-08 FOUNDATION ML 26,991 25,886     1,105  
    US TREASURY 2011-08 P 2012-09 FOUNDATION ML 14,408 14,483     -75  
    ABBOTT 2011-08 P 2012-11 FOUNDATION ML 2,367 2,286     81  
    IBM 2011-08 P 2012-11 FOUNDATION ML 2,000 2,000        
    US TREASURY 2011-09 P 2012-11 FOUNDATION ML 7,295 7,288     7  
    US TREASURY 2011-09 P 2012-11   35,851 37,072     -1,221  

    TY 2012 GeneralExplanationAttachment
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Identifier Return Reference Explanation

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25000 COCA COLA 7.375 7.38 2014-03-03 25,578 26,987
    50,000 FLORIDA POWER LIGHT 4.85 2013-02-01 49,083 50,175
    18132.456 ARTIO GLOBAL HIGH 8.00 187,511 180,237
    100000 FEDERAL HOME LOAN 5.00 2014-01-30 99,563 105,175
    25000 GOLDMAN SACHS 5.13 2015-01-15 25,256 26,857
    50,000 TENN VALLEY AUTH 4.50 2018-04-01 50,928 58,958
    25000 HSBC 5.00 2015-06-30 24,879 27,100
    25000 GEORGIA PWR 5.25 2015-12-15 24,957 28,236
    25000 COMCAST 5.90 2016-03-15 23,877 28,723
    25000 BOTTLING GROUP 5.50 2016-04-01 25,068 28,568
    50000 AMERICAN EXPRESS 2.80 2016-09-19 50,112 52,903
    50,000 WELLS FARGO 4.95 4.95 2013-10-16 50,813 51,693
    25000 TIME WARNER 5.88 2016-11-15 24,299 29,272
    25000 GENERAL ELECTRIC 5.40 2017-02-15 24,015 28,753
    25000 MCDONALDS 5.30 2017-03-15 28,874 29,336
    25000 JP MORGAN CHASE 6.00 2018-01-15 25,580 29,930
    25000 BURLINGTON NORTHERN 5.75 2018-03-15 25,473 30,245
    25000 CATERPILLAR FINL 7.05 2018-10-01 23,847 32,169
    50000 HEWLETT PACK 4.65 2021-12-09 51,706 50,195
    25000 WESTPAC 3.00 2015-12-09 24,844 26,516
    25000 DEUTSCHE 5.75 2016-03-23 25,190 28,485
    25000 BP CAP 4.75 2019-03-10 25,417 28,987
    25000 BARCLAYS 5.13 2020-01-08 26,175 28,473
    ACCRUED INTEREST   11,224
    ATT BROADBAND 1000 8.38 2013-03-15 1,015 1,016
    1000 COX COMM 4.63 2013-06-01 1,017 1,017
    1000 GE 2.80 2013-01-08 1,000 1,000
    1000 JOHNSON CON 1.75 2014-03-01 1,004 1,014
    1000 UNITED HEALTH 4.88 2013-02-15 1,005 1,005
    1000 WESTERN UNION 6.50 2014-02-26 1,065 1,061
    6000 CATERPILLAR 1.38 2014-05-27 6,026 6,073
    2000 WACHOVIA 5.75 2017-06-15 2,216 2,369
    2000 USD CAN 5.70 2017-05-15 2,272 2,356
    2000 CATERPILLAR 7.15 2019-02-15 2,483 2,604
    2000 JOHN DEERE 1.88 2013-06-17 2,012 2,014
    3000 GEN ELEC 4.75 2014-09-15 3,139 3,203
    ACCRUED INT ML   2,160
    2000 ASTRAZENECA 5.90 2017-09-15 2,326 2,430
    2000 HOME DEPOT 5.40 2040-09-15 2,019 2,508
    2000 CITIGROUP 5.38 2020-08-09 2,138 2,357
    2000 COMCAST 6.30 2017-11-15 2,309 2,454
    2000 CONOCO 5.75 2019-02-01 2,336 2,460
    3000 JP MORGAN 4.75 2015-03-01 3,133 3,236
    2000 PFIZER 6.20 2019-03-15 2,390 2,528
    2000 VERIZON 5.50 2018-02-15 2,276 2,402
    2000 TIME WARNER 4.70 2021-01-15 2,124 2,277
    2000 TIME WARNER 8.75 2019-02-14 2,526 2,698
    50000 ANNHEUSER BUSCH 1.50 2014-07-14 50,745 50,722
    50000 CITIGROUP 4.50 2022-01-14 51,345 55,785
    BANK NS HALIFAX 2.05 2015-10-07 51,434 51,674
    1000 BEAR STEARS 5.70 2014-11-15 1,081 1,087
    1000 KRAFT FOOD 5.25 2013-10-01 1,031 1,031
    1000 TIME WARNER 7.50 2014-04-01 1,080 1,084
    2000 SANTANDER 0.83 2016-12-15 2,010 2,011
    6000 CONOCO PHILLIPS 1.05 2017-12-15 5,986 5,981
    5000 GOLDMAN SACHS 5.75 2022-01-24 5,936 5,911
    6000 VERIZON 2.45 2022-11-01 6,027 6,002
    6000 RABOBANK 2.13 2015-10-13 6,033 6,193
    6000 ROYAL BANK 1.15 2015-03-13 5,998 6,065
    2000 ATT 3.00 2022-02-15 2,001 2,080
    2000 BERKSHIRE 1.60 2017-05-15 2,044 2,039
    2000 BP CAPITAL 3.88 2015-03-10 2,107 2,131
    2000 PHILIPS ELEC 3.75 2022-03-15 2,007 2,162
    2000 TOYOTA 1.25 2017-10-05 2,007 2,014
    2000 USD BANK 2.55 2017-01-31 2,014 2,105
    2000 WALT DISNEY 2.35 2022-12-01 2,000 2,018

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1225 shares of 1225 ISHARES 65,423 69,654
    845 shares of 845 ISHARES 46,264 65,995
    730 shares of 730 SPDR 96,917 135,568
    2773 shares of 2772.5 SHS THORNBERG 68,391 77,880
    7022 shares of 7021.551 SHS CREDIT SUISSE 59,037 56,383
    7189 shares of 7189.447 SHS CMG ULTRA 64,849 64,777
    MERRILL LYNCH MUTUAL FUNDS 368,432 380,926
    3065 shares of 3065 iSHARES 344,188 438,724
    2745 shares of 2745 I SHARES 115,804 121,741
    400 shares of 400 ISHARES 48,458 48,396
    2019 shares of 2019.386 PIMCO ALL ASSET 25,000 25,404
    11379 shares of 11379 ING SPORTSCORE 120,108 122,666

    TY 2012 InvestmentsOtherSchedule2
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value

    TY 2012 OtherExpensesSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE 17 17   17
    BOOKKEEPING 3,595 3,595   3,595


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    US TRUST CO FIDUCIARY FEES 12,331 12,331   12,331
    ML AGENCY FEES 16,015 16,015   16,015


    TY 2012 SubstantialContributorsSch
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Name Address
    JAMES M SALAH 2001 TRUST C/O BANK OF AMERICA
    BOSTON,MA02106


    TY 2012 TaxesSchedule
    Name:
    JAMES AND BEATRICE SALAH FAMILY FOUNDATION TWN OF CANTON
    EIN: 04-3292638
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax on investment income 4,206 70