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
Fites Family Charitable Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)9943 Brassie Bend   Room/suite
City or town, state, and ZIP code
Naples, FL34108
A Employer identification number

37-1375732
B Telephone number (see instructions)

(309) 675-4245
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$14,825,576J 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 21,970 21,970 21,970
4 Dividends and interest from securities...... 392,620 392,620 392,620
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 195,582
b Gross sales price for all assets on line 6a 1,087,356
7 Capital gain net income (from Part IV, line 2)... 195,582
8 Net short-term capital gain......... 5,392
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........ 610,172 610,172 419,982
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 97,560 53,355   44,205
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 7,482 2,482    
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 list of attachments 15     15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 105,057 55,837   44,220
25 Contributions, gifts, grants paid........ 269,708 269,708
26 Total expenses and disbursements. Add lines 24 and 25 374,765 55,837   313,928
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 235,407
b Net investment income (if negative, enter -0-) 554,335
c Adjusted net income (if negative, enter -0-)... 419,982
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.......... 356,524 367,976 367,976
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) 132,304 Click to see attachment136,954 162,721
b Investments—corporate stock (attach schedule)........ 8,045,871 Click to see attachment8,021,044 11,568,059
c Investments—corporate bonds (attach schedule)........ 935,913 Click to see attachment964,739 1,022,260
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,478,129 Click to see attachment1,626,282 1,704,560
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) 10,948,741 11,116,995 14,825,576
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment377 Click to see attachment6
23 Total liabilities (add lines 17 through 22).......... 377 6
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 10,948,364 11,116,989
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).................... 10,948,364 11,116,989
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,948,741 11,116,995
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 10,948,364
2 Enter amount from Part I, line 27a..................... 2 235,407
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 17,305
4 Add lines 1, 2, and 3.......................... 4 11,201,076
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 84,087
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 11,116,989
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 195,582
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 5,392
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 403,265 14,197,697 0.02840
2010 501,115 11,411,579 0.04391
2009 412,725 8,401,784 0.04912
2008 1,021,348 3,417,674 0.29884
2007 1,009,318 13,621,076 0.07410
2 Total of line 1, column (d) ...................... 2 0.49438
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 0.09888
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 14,658,689
5 Multiply line 4 by line 3....................... 5 1,449,407
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,543
7 Add lines 5 and 6......................... 7 1,454,950
8 Enter qualifying distributions from Part XII, line 4.............. 8 313,928
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 11,087
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 11,087
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 11,087
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 12,331
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 12,331
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 1,244
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet1,244 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 addressbulletN/A
    14
    The books are in care ofbulletDonald V Fites Telephone no.bullet (312) 342-0485
    Located atbullet9943 Brassie BendNaplesFL ZIP+4bullet341081923
    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
    Joyce S Hagen Dir./Trustee
    1.00     		0    
    9943 Brassie Bend
    Naples,FL341081923
    Linda F Reed Dir./Trustee
    1.00     		0    
    275 Thurston Blvd W
    Dayton,OH45419
    Donald V Fites Trustee
    1.00     		0    
    9943 Brassie Bend
    Naples,FL341081923
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,529,008
    b
    Average of monthly cash balances.......................
    1b
    352,910
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,881,918
    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
    14,881,918
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    223,229
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,658,689
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    732,934
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    732,934
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    11,087
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,087
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    721,847
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    721,847
    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
    721,847
    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
    313,928
    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
    313,928
    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
    313,928
    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 7 721,847
    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....... 373,266
    b From 2008....... 854,478
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e......... 1,227,744
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 313,928
    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..... 313,928
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 407,919 407,919
    (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 5 819,825
    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) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		819,825
    10 Analysis of line 9:
    a Excess from 2008.... 819,825
    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).)
    Donald V Fites
    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
    Children's Medical Center
    One Childrens Plaza Dayton
    Dayton,OH45404     		None N/A Further its exempt purpose 1,000
    W D Boyce Council BSA
    614 NE Madison Avenue
    Peoria,IL61603     		None N/A Further its exempt purpose 10,000
    Bellarmine University
    2001 Newburg Rd
    Louisville,KY40205     		None N/A Further its exempt purpose 10,000
    Marshall County Humane Society
    11165 13th Rd
    Plymouth,IN46563     		None N/A Further its exempt purpose 500
    American Heart Association
    7272 Greenville Ave
    Dallas,TX75231     		None N/A Further its exempt purpose 500
    Dayton Childrens Medical Center
    1 Childrens Plaza
    Dayton,OH45404     		None N/A Further its exempt purpose 10,000
    Peoria Riverfront Museum
    222 SW Washington St
    Peoria,IL61602     		None N/A Further its exempt purpose 30,000
    Heifer International Project
    1 World Avenue
    Little Rock,AR72202     		None N/A Further its exempt purpose 5,000
    Carnegie Endowment
    1779 Massachusetts Ave NW
    Washington,DC20036     		None N/A Further its exempt purpose 50,000
    Family House
    1509 N Knoxville Ave
    Peoria,IL61603     		None N/A Further its exempt purpose 5,000
    First United Methodist Church
    77 West Washington Street
    Chicago,IL60602     		None N/A Further its exempt purpose 5,000
    Center for Prevention of Abuse
    PO Box 3855
    Peoria,IL61612     		None N/A Further its exempt purpose 10,000
    Mayo Clinic Foundation
    4500 San Pablo Road
    Jacksonville,FL32224     		None N/A Further its exempt purpose 1,000
    Dayton Art Institue
    456 Belmonte Park North
    Dayton,OH45405     		None N/A Further its exempt purpose 5,000
    American Leadership Academy
    898 West 1100 South
    Spanish Fork,UT84660     		None N/A Further its exempt purpose 13,000
    Immokalee Foundation
    3960 Radio Road
    Naples,FL34104     		None N/A Further its exempt purpose 12,708
    Salvation Army
    10 W Algonquin Rd
    Des Plaines,IL60016     		None N/A Further its exempt purpose 5,000
    Naples Childrens Education Fund
    6200 Shirley Street 206
    Naples,FL34109     		None N/A Further its exempt purpose 5,000
    Notre Dame Foundation
    1100 Grace Hall
    Notre Dame,IN46556     		None N/A Further its exempt purpose 6,000
    Easter Seals
    233 South Wacker Drive Suite 2400
    Chicago,IL60606     		None N/A Further its exempt purpose 5,000
    The Culver Fund
    1300 Academy Road
    Culver,IN46511     		None N/A Further its exempt purpose 4,000
    Phi Kappa Psi Foundation
    5395 Emerson Way
    Indianapolis,IN46226     		None N/A Further its exempt purpose 50,000
    St Pauls Church
    33 W Dixon Ave
    Dayton,OH45419     		None N/A Further its exempt purpose 5,000
    Valparaiso University
    1700 Chapel Dr
    Valparaiso,IN46383     		None N/A Further its exempt purpose 21,000
    Total .................................bullet 3a 269,708
    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 21,970  
    4 Dividends and interest from securities....     14 392,620  
    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         195,582
    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)..   414,590 195,582
    13Total. Add line 12, columns (b), (d), and (e)..................
    13610,172
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 12000229
    Software Version: 2012v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFO Pimco High Yield 150,167 159,288
    Total Cap 4.45% 51,775 57,917
    National Rural Utils. Corp 3.875% 53,082 53,961
    MFB Northern High Yield 124,999 123,950
    MFB Northern Multi High Yield 130,078 135,054
    MFN Northerh Bond Index 279,695 289,964
    Archer Daniels Midland 5.45% 50,537 59,854
    United Tech Corp 5.375% 49,798 59,430
    Wells Fargo Bank Natl 5.75% 49,477 56,769
    Goldman Sach Group 5.25% 25,131 26,073

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Eaton Corp 12,655 13,279
    Williams Company 12,798 14,209
    Starbucks Corp 12,991 15,335
    St. Jude Med Inc 11,578 9,758
    Pfizer Inc 25,576 26,459
    Nucor Corp 8,125 7,772
    Noble Corp 13,851 13,127
    Kraft Foods 10,567 10,458
    Intercontinental Ex 10,766 10,524
    Home Depot 19,273 26,596
    Gallagher Arthur 7,048 6,826
    Express Scripts 16,516 17,010
    CVS Caremark 17,154 18,518
    CISCO Systems 10,222 10,139
    Baxter International 7,441 8,333
    Analog Devices 10,812 11,735
    Amgen Inc 11,353 14,502
    American Water Works 6,181 6,869
    VF Corp 14,469 20,834
    Vermillion Energy 4,843 5,437
    Verizon Comm 7,969 9,303
    US Bancorp 12,996 15,810
    Southern Co. 11,065 10,917
    Simon Property 10,711 16,441
    RPM Int'l 5,581 7,311
    Realty Income Corp 3,483 4,262
    Qualcomm Inc. 21,111 24,808
    Precision Castparts 11,542 13,070
    Phillip Morris Int'l 11,315 13,550
    Oneok Inc. 11,306 12,825
    Novartis AG 9,115 10,445
    Norfolk Southn 13,838 12,677
    Noble Energy 9,096 9,665
    Nextera Energy 3,663 4,497
    National Retail Prop 5,745 6,708
    Merc & Co. 4,066 4,708
    McDonald's 37,685 37,136
    Mattel Inc. 8,874 11,352
    Kinder Morgan 11,429 14,485
    Kimberly Clark Corp 10,677 13,087
    Health Care REIT 9,040 10,726
    HCP Inc 8,547 9,940
    Glazxosmithline 7,802 7,825
    Genuine Parts Co 7,728 8,583
    Exxon Mobil 27,402 27,696
    Du Pont 14,591 13,041
    Dominion Res 12,159 14,245
    Digital Realty Tr 9,710 10,591
    Crescent Point Energy 4,997 4,501
    Covidien Plc 10,812 12,125
    Costco Wholesale 14,046 18,766
    Coca Cola Co. 27,310 28,565
    Citrix Sys Inc 8,359 8,153
    Canadian Imperial BK 4,142 4,595
    Bristol Myers 25,990 27,864
    Blackrock Inc. 8,039 10,336
    BCE Inc. 9,049 9,962
    Bank N S Halifax 7,165 8,103
    Automatic Data 7,616 8,552
    AT&T 6,113 7,045
    Altria Group 8,538 9,897
    4979 Caterpillar Shares 12/21/11 376,554 370,979
    Unitedhealth Group 10,602 15,133
    Oracle 16,857 20,492
    Omnicom Group Inc 12,752 13,739
    Nike Inc 6,148 9,804
    MFB Northern Emerging Markets 100,000 100,850
    HJ Heinz 14,591 15,747
    General Electric 29,159 31,380
    Franklin Res Inc 15,236 16,090
    EMC Corp 19,790 21,783
    American Express 14,597 18,394
    5133 Caterpillar Shares11/5/10 414,590 445,533
    3469 Caterpillar Shares 12/1/09 206,926 310,852
    2781 Caterpillar Shares 12/1/09 165,887 249,201
    MFO PIMCO Commodity 114,507 100,440
    MFC SPDR Gold Trust 131,401 162,010
    MFB Northern Global Real Estate 60,842 76,470
    Wells Fargo 18,806 24,063
    United Tech 16,069 22,635
    Spectra 6,643 10,815
    Schlumberger 12,641 12,264
    Proctor and Gamble 16,431 20,435
    Praxair 8,703 9,522
    National Oilwell Varco 7,751 13,328
    MFC Midcap SPDR SP 400 175,229 259,994
    MFC iShares EAFE 191,177 227,280
    MFB Northern Multi Manager Emerging 266,013 293,744
    MFB Northern Small Cap Index 111,771 132,968
    MFB Northern Multi Manager International 192,690 181,098
    MFB Northern Small Cap 104,509 107,822
    JP Morgan 17,688 24,799
    Johnson Controls 8,132 9,210
    Johnson and Johnson 11,076 11,567
    Intel 27,079 21,930
    IBM 7,959 17,814
    Google 13,037 18,444
    Emerson 24,832 25,580
    Disney 9,545 13,194
    Danaher 9,882 24,596
    Chevron 24,209 30,171
    BHP Billiton 6,945 10,589
    Apple 15,778 47,973
    Abbott Labs 10,756 13,297
    6000 Oshkosh shares from 12/13/07 284,460 177,900
    5000 AK Steel shares from 12/13/07 230,650 23,000
    7500 Exxon Mobil shares from 11/21/08 545,063 649,125
    5235 Exxon Mobil shares from 12/13/07 480,887 453,089
    5235 Exxon Mobil shares from 12/31/05 307,242 453,089
    368 Caterpillar shares from 12/8/04 16,659 32,976
    12000 Caterpillar shares from 11/3/03 455,880 1,075,302
    12000 Caterpillar shares from 12/11/06 757,920 1,075,302
    8000 Caterpillar shares from 11/3/03 303,920 716,868
    9470 Caterpillar shares from 10/6/03 350,106 848,592
    4428 Caterpillar Shares from 7/24/03 144,796 396,786
    10072 Caterpillar shares from 6/17/03 290,879 902,537
    3918 Caterpillar shares from 12/28/01 103,406 351,086
    742 Caterpillar shares from 12/10/01 18,745 66,490

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    US Government Securities - End of Year Book Value:

    136,954
    US Government Securities - End of Year Fair Market Value:

    162,721
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO Emerging Local Bond AT COST 85,325 86,802
    Steelpath MLP Alpha Fund AT COST 42,044 41,870
    T. Rowe Price Growth Stock AT COST 76,725 76,016
    DFA International Real Estate AT COST 30,025 28,407
    DFA International Core Equity AT COST 111,025 117,271
    DFA Emerging Markets Core Equity AT COST 47,025 51,328
    Alerian MLP ETF AT COST 42,175 41,709
    Wasatch Small Cap Growth AT COST 13,248 16,127
    EII International Property Fund AT COST 28,675 33,361
    iShares Russell Midcap Value AT COST 28,546 34,666
    iShares Russell Midcap Growth AT COST 27,558 34,226
    Vanguard FTSE All World Ex US Index AT COST 116,003 116,282
    Vanguard Emerging Markets AT COST 54,225 59,392
    SPDR Trust Unit Series 1 AT COST 125,867 151,951
    Vanguard Inflation Protected Securities AT COST 105,097 116,721
    PIMCO Total Return AT COST 149,613 150,355
    PIMCO High Yield AT COST 66,053 68,987
    PIMCO Foreign Bond Hedged AT COST 98,296 98,644
    PIMCO Commodity Real Return AT COST 183,200 158,008
    Morgan Stanley Inst. US Real Estate AT COST 46,069 58,518
    Metropolitan West High Yield Bond AT COST 67,075 68,725
    Dodge and Cox Stock Fund AT COST 65,800 78,513
    Artisan Small Cap Value AT COST 16,613 16,681

    TY 2012 OtherDecreasesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Description Amount
    Tax/Contribution Basis difference for CAT share sold 71,766
    Reverse Book / Tax Adjmt for Treasury Adjustment 6,266
    Prior year adjustment 2,617
    Non taxable distributions 502
    Book / Tax Adjmt for Treasury 2012 OID 2,936


    TY 2012 OtherExpensesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Illinois Attorney General 15     15


    TY 2012 OtherIncreasesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Description Amount
    Eaton Corp Reorganization 12,655
    Book/tax adjustment for Treasury adjmt 4,650


    TY 2012 OtherLiabilitiesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding 377 6


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Northern Trust 25,701 25,701 0 0
    Misc Fees 60 60 0 0
    Linda Reed 25,000 5,000 0 20,000
    Legal Fees 1,455 0 0 1,455
    Joyce Hagan 25,000 5,000 0 20,000
    JMG Tax Prep 5,500 2,750 0 2,750
    Advisory Fees JMG 14,844 14,844 0 0


    TY 2012 TaxesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax Paid 2,482 2,482    
    Estimated Tax Payments 5,000