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 01-01-2012 , and ending 12-31-2012
Name of foundation
THE PALMER FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1201 CONNECTICUT AVE NW SUITE 300   Room/suite
City or town, state, and ZIP code
WASHINGTON, DC20036
A Employer identification number

36-3700897
B Telephone number (see instructions)

(202) 595-1020
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$14,380,061J 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) 200,000
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 377,649 377,649  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 918,938
b Gross sales price for all assets on line 6a 7,280,484
7 Capital gain net income (from Part IV, line 2)... 978,894
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,496,587 1,356,543  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,745     1,745
b Accounting fees (attach schedule)....... Click to see attachment 14,350     14,350
c Other professional fees (attach schedule).... Click to see attachment 139,408 41,408   98,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 2,368 4,364    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,885     32,885
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 8,519     7,926
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 199,275 45,772   154,906
25 Contributions, gifts, grants paid........ 498,000 498,000
26 Total expenses and disbursements. Add lines 24 and 25 697,275 45,772   652,906
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 799,312
b Net investment income (if negative, enter -0-) 1,310,771
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.......... 781,282 656,247 656,247
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)      
b Investments—corporate stock (attach schedule)........ 7,070,730 Click to see attachment7,171,218 8,999,929
c Investments—corporate bonds (attach schedule)........ 2,923,736 Click to see attachment3,713,958 3,679,319
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,089,328 Click to see attachment1,118,881 1,044,566
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) 11,865,076 12,660,304 14,380,061
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 11,865,076 12,660,304
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).................... 11,865,076 12,660,304
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 11,865,076 12,660,304
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 11,865,076
2 Enter amount from Part I, line 27a..................... 2 799,312
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 12,664,388
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 4,084
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,660,304
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        
b Capital Gain Dividends      
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       18,015
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 2 978,894
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 656,191 13,005,250 0.05046
2010 571,917 12,448,205 0.04594
2009 558,069 11,329,901 0.04926
2008 633,688 12,680,180 0.04998
2007 743,202 14,717,694 0.05050
2 Total of line 1, column (d) ...................... 2 0.24613
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 0.04923
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 13,848,565
5 Multiply line 4 by line 3....................... 5 681,709
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 13,108
7 Add lines 5 and 6......................... 7 694,817
8 Enter qualifying distributions from Part XII, line 4.............. 8 652,906
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 26,215
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 26,215
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 26,215
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 8,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 25,600
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,600
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 7,385
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet7,385 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)
    bulletIL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletTHEPALMERFOUNDATION.ORG
    14
    The books are in care ofbulletARABELLA ADVISORS Telephone no.bullet (202) 595-1020
    Located atbullet1201 CONNECTICUT AVE NW 300WASHINGTONDC ZIP+4bullet20036
    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
    CARL ENROTH DIRECTOR
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    SUSAN L ENROTH DIRECTOR
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    KAREN E LISCHICK President
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    JAY L OWEN SEC./TREAS.
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    MATTHEW LISCHICK Director
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    MARY P ENROTH Chairman
    0.00     		0    
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    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
    ARABELLA ADVISORS CONSULTING SERVICES 98,000
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036
    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
    13,483,114
    b
    Average of monthly cash balances.......................
    1b
    576,343
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,059,457
    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
    14,059,457
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    210,892
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,848,565
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    692,428
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    692,428
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    26,215
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    26,215
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    666,213
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    666,213
    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
    666,213
    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
    652,906
    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
    652,906
    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
    652,906
    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 7 666,213
    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.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011....... 4,867
    fTotal of lines 3a through e......... 4,867
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 652,906
    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..... 652,906
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 4,867 4,867
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		8,440
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    MARY P ENROTH
    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
    FOTOKIDS
    PO BOX 661447
    MIAMI,FL33266     		NONE PUBLIC GENERAL 3,500
    TANNER'S TOTES
    10400 STANYAN STREET
    ALPHARETTA,GA30022     		NONE PUBLIC GENERAL 5,000
    NADAR POR VIDA
    6718 CAPSTAN DRIVE
    ANNANDALE,VA22003     		NONE PUBLIC GENERAL 8,000
    TEMPLE KOL AMI
    15030 N 64TH STREET
    SCOTTSDALE,AZ85254     		NONE PUBLIC GENERAL 1,000
    LIVING WATER INTERNATIONAL
    4001 GREENBRIAR DRIVE
    STAFFORD,TX77477     		NONE PUBLIC GENERAL 10,000
    FACE CHILDREN
    300 MOSS HILL LANE
    SALISBURY,MD21804     		NONE PUBLIC GENERAL 7,000
    CAMP NUEVO
    3009 ELLIS STREET
    BERKELEY,CA94703     		NONE PUBLIC GENERAL 2,500
    SPROUT THERAPEUTIC RIDING EDUC CTR
    40685 JOHN MOSBY HIGHWAY
    ALDIE,VA20105     		NONE PUBLIC GENERAL 10,000
    ROOM TO READ
    111 SUTTER STREET 16TH FLOOR
    SAN FRANCISCO,CA94101     		NONE PUBLIC GENERAL 30,000
    ARTS INSTITUTE GALLERY
    212 W MAIN STREET SUITE 101
    SALISBURY,MD21801     		NONE PUBLIC GENERAL 5,000
    MASSAGE THERAPY FOUNDATION
    500 DAVIS STREET SUITE 900
    EVANSTON,IL60201     		NONE PUBLIC GENERAL 35,000
    INTERNATIONAL ACTION
    808 L STREET SE
    WASHINGTON,DC20003     		NONE PUBLIC GENERAL 30,000
    HABITAT FOR HUMANITY OF THE NC SAND
    2268 N 5 HIGHWAY
    ABERDEEN,NC28315     		NONE PUBLIC GENERAL 35,000
    COASTAL HOSPICE PALLIATIVE CARE
    PO BOX 1733
    SALISBURY,MD21802     		NONE PUBLIC GENERAL 15,000
    CAROLINA PHILHARMONIC
    460 MIDLAND ROAD
    PINEHURST,NC28374     		NONE PUBLIC GENERAL 60,000
    BIRCH CREEK MUSIC PERFORMANCE CENTE
    3821 COUNTY HIGHWAY E
    EGG HARBOR,WI54209     		NONE PUBLIC GENERAL 30,000
    ACADEMY OF MOORE COUNTY
    12588 HWY 15-501 SOUTH
    ABERDEEN,NC28374     		NONE PUBLIC GENERAL 18,000
    INTEGRATIVE HEALTH INITIATIVE INC
    4201 WILSON BLVD 110-341
    ARLINGTON,VA22204     		NONE PUBLIC GENERAL 9,000
    BEHRHORST PARTNERS FOR DEVELOPMENT
    2411 S SUPERIOR STREET
    MILWAUKEE,WI53207     		NONE PUBLIC GENERAL 26,000
    SANDHILLS COMMUNITY COLLEGE FDN INC
    3395 AIRPORT ROAD
    PINEHURST,NC28374     		NONE PUBLIC GENERAL 20,000
    POTOMAC MASSAGE TRAINING INSTITUTE
    8601 GEORGIA AVENUE SUITE 612
    SILVER SPRING,MD20910     		NONE PUBLIC GENERAL 10,000
    PARTNER FOR SURGERY INC
    6804 MELROSE DRIVE
    MCLEAN,VA22101     		NONE PUBLIC GENERAL 30,000
    LAKE FOREST SYMPHONY INC
    900 NORTH SHORE DRIVE SUITE 109A
    LAKE BLUFF,IL60044     		NONE PUBLIC GENERAL 5,000
    DOORWAYS FOR WOMEN AND FAMILIES INC
    PO BOX 100185
    ARLINGTON,VA22210     		NONE PUBLIC GENERAL 30,000
    RAGDALE FOUNDATION
    1260 NORTH GREEN BAY ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL 32,000
    KEMPER CENTER INC
    6501 3RD AVENUE
    KENOSHA,WI53143     		NONE PUBLIC GENERAL 12,000
    HOFFMAN INSTITUTE FOUNDATION
    1299 FOURTH STREET STE 600
    SAN RAFAEL,CA94901     		NONE PUBLIC GENERAL 19,000
    Total .................................bullet 3a 498,000
    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          
    4 Dividends and interest from securities....     14 377,649  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 918,938  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,296,587  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,296,587
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    THE PALMER FOUNDATION
     
    Employer identification number

    36-3700897
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    MARY P ENROTH    
    1201 CONNECTICUT AVE NW 300
       
    WASHINGTON, DC   20036

    		$200,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID: 12000229
    Software Version: 2012v2.0

    TY 2012 AccountingFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEES FOR TAX PREPARATION 14,350 0 0 14,350

    TY 2012 ContractorCompensationExpln
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Contractor Explanation
    ARABELLA ADVISORS THE CONSULTANT WILL ASSIST THE FOUNDATION IN DEVELOPING A RENEWED STRATEGIC FRAMEWORK AND A SET OF OPERATING SYSTEMS AND PROCESSES TO SUPPORT THE FOUNDATIONS'S GIVING.

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    150000 TEVA PHARMA FIN 3.00 6/15/15 158,462 157,705
    100000 BP CAPITAL MARKETS 3.2 3/11/16 107,041 106,672
    150000 VERIZON COMMUNICATIONS 3.0 4/1/16 159,276 159,721
    200000 TOYOTA MOTOR CR CORP 2.8 1/11/16 211,706 210,408
    100000 SBC COMMUNICATIONS 5.625 6/15/16 116,070 114,778
    100000 OCCIDENTAL PETRO CORP 2.5 2/1/16 105,600 105,045
    250000 GENERAL ELEC CAP CORP 2.9 1/9/17 264,945 264,335
    200000 DELL INC 3.1 4/1/16 213,500 210,054
    100000 CATERPILLAR FINANCIAL 2.65 4/1/16 105,375 105,005
    200000 BOTTLING GROUP LLC 4.125 6/15/15 219,450 216,878
    250000 AFLAC INC 2.65 2/15/17 263,505 262,805
    100000 TOTAL CAPITAL SA 3.125 10/2/15 104,575 106,436
    200000 PROCTER & GAMBLE CO 3.5 2/15/15 210,351 212,350
    100000 SHELL INTL FIN 4.00 03/21/14 108,240 104,401
    160000 JPMORGAN CHASE & CO 4.75 5/01/13 171,184 162,309
    200000 GOLDMAN SACHS GROUP 5.00 10/01/14 215,824 213,038
    200000 DUPONT EI NEMOUR 4.875 04/30/14 218,456 211,290
    250000 HEWLETT-PACKARD CO 4.50 3/01/13 252,175 251,332
    250000 MORGAN STANLEY 5.30 3/01/13 251,460 251,365
    250000 EMERSON ELECTRIC 4.50 5/01/13 256,763 253,392

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    19150 VANGUARD MSCI EMERGING MARKETS 813,359 852,749
    2892 ENERGY XXI BERMUDA 107,462 93,036
    3587 DELPHI AUTOMOTIVE PLC 123,442 137,203
    2445 UNITED HEALTH GROUP INC 127,855 132,617
    453 UNION PAC CORP 56,874 56,951
    3220 TORO CO 121,313 138,396
    1440 TIME WARNER CABLE INC 110,282 139,954
    2432 TESORO CORP 58,183 107,130
    3277 SYMANTEC CORPORATION 59,379 61,673
    1130 PPG INDUSTRIES INC 116,427 152,946
    7530 NV ENERGY INC 135,687 136,594
    1450 MARATHON PETROLEUM CORP 58,899 91,350
    1170 LOCKHEED MARTIN CORP 107,254 107,979
    2485 INGREDION INC 120,943 160,108
    1110 HARRIS CORP 56,843 54,346
    1180 GARMIN INTERNATIONAL INDS 57,617 52,675
    1062 GOLDMAN SACHS GROUP INC 135,284 135,469
    1722 GAP INC 58,617 53,451
    444 FRANKLIN RESOURCES INC 56,876 55,811
    671 ENERGIZER HLDGS INC 52,546 53,667
    731 EASTMAN CHEMICAL CO 40,601 49,744
    4620 DISCOVER FINL SVCS 148,376 178,101
    1094 CVS CAREMARK CORP 49,689 52,895
    8222 CISCO SYSTEMS INC 151,120 161,557
    926 CF INDUSTRIES HOLDINGS INC 171,399 188,126
    1044 ALLIANCE DATA SYSTEMS CORP 146,572 151,129
    3563 AFLAC INC 178,469 189,266
    17171 AES CORP 223,006 183,730
    770 VERIZON COMMUNICATIONS 28,706 33,318
    2426 VALERO ENERGY CORP 49,511 82,775
    4834 US BANCORP NEW 120,226 154,398
    2710 PFIZER INC 48,617 67,965
    5155 MICROSOFT CORP 137,957 137,688
    3825 LILLY ELI & CO 145,592 188,649
    5287 KROGER CO 126,817 137,568
    4066 COMCAST CORP - CL A 101,540 151,906
    1710 CHEVRON CORPORATION 188,216 184,919
    2077 CBS CORPORATION CLASS B 45,735 79,030
    2505 AMERIPRISE FINANCIAL INC 147,091 156,888
    2497 TRAVELERS COMPANIES INC 126,497 179,335
    3242 TJX COS INC 73,269 137,623
    1503 PETSMART INC 47,378 102,715
    4687 MACY'S INC 126,034 182,887
    94 AUTOZONE INC 16,332 33,316
    7565 ISHARES MSCI EAFE INDEX FUND 382,504 430,146
    1809 MCKESSON CORP 116,031 175,401
    4031 WELLS FARGO & CO 103,119 137,780
    3424 WAL MART STORES INC 182,589 233,619
    4000 SNAP ON INC 145,880 315,960
    1795 RAYTHEON CO 57,218 103,320
    7734 ORACLE CORP 106,111 257,697
    1815 NORTHROP GRUMMAN CORP 105,909 122,658
    990 INTERNATIONAL BUSINESS MACHINES 86,819 189,635
    3596 EXXON MOBIL CORP 239,839 311,234
    5729 COCA COLA ENTERPRISES INC 150,614 181,781
    2849 ASTRAZENECA PLC 127,495 134,672
    487 APPLE INC 59,139 259,168
    2404 AMGEN INC 134,059 207,225

    TY 2012 InvestmentsOtherSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    97454.147 PIMCO COMM REALRETURN STRATEGY AT COST 761,468 647,095
    3712.472 WT MUT CRM MID CAP VALUE FUND AT COST 94,779 114,270
    9300.517 COLUMBIA ACORN FUND AT COST 262,634 283,201

    TY 2012 LegalFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,745 0 0 1,745


    TY 2012 OtherDecreasesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Description Amount
    TAX DIFFERENCE ADJUSTMENT 4,084


    TY 2012 OtherExpensesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SOFTWARE LICENSE FEES 2,225     2,225
    OFFICE SUPPLIES & POSTAGE 269     269
    MISCELLANOUS 144     144
    MEMBERSHIP FEES 3,660     3,660
    FILING AND REGISTRATION FEES 593      
    DIRECTORS INSURANCE 1,628     1,628


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXECUTIVE MANAGEMENT & CONSULTING FEES 98,000 0 0 98,000
    BANK INVESTMENT MANAGEMENT FEES 41,408 41,408 0 0


    TY 2012 TaxesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 4,364 4,364    
    EXCISE TAX (REFUND) 1,996