Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 10-01-2012 , and ending 09-30-2013
Name of foundation
MARGARET T DICKERSON TRUST
% JOHN B OFFUTT CPA / TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)14 E 13TH STREET   Room/suite
City or town, state, and ZIP code
FREDERICK, MD21701
A Employer identification number

52-6332003
B Telephone number (see instructions)

(301) 662-7585
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$1,912,060J 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 5,535 5,535  
4 Dividends and interest from securities...... 53,556 53,556  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -86,229
b Gross sales price for all assets on line 6a 1,184,567
7 Capital gain net income (from Part IV, line 2)... 15,216
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........ -27,138 74,307  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,448      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,595      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,171 12,135    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,214 12,135   0
25 Contributions, gifts, grants paid........ 0 92,223
26 Total expenses and disbursements. Add lines 24 and 25 20,214 12,135   92,223
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,352
b Net investment income (if negative, enter -0-) 62,172
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.......... 23,985 148,059 148,059
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) 6,251 Click to see attachment959 959
b Investments—corporate stock (attach schedule)........ 655,205 Click to see attachment1,227,863 1,227,863
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,069,507 Click to see attachment535,179 535,179
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) 1,754,948 1,912,060 1,912,060
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................   254
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)..........   254
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,754,948 1,911,806
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,754,948 1,911,806
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,754,948 1,912,060
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 1,754,948
2 Enter amount from Part I, line 27a..................... 2 -47,352
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 296,589
4 Add lines 1, 2, and 3.......................... 4 2,004,185
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 92,379
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,911,806
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 15,216
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 85,279 1,679,993 0.050762
2010 88,590 1,745,225 0.050761
2009 81,227 1,618,134 0.050198
2008 68,210 1,343,746 0.050761
2007 101,776 2,004,986 0.050761
2 Total of line 1, column (d) ...................... 2 0.253243
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 0.050649
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 1,816,800
5 Multiply line 4 by line 3....................... 5 92,019
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 622
7 Add lines 5 and 6......................... 7 92,641
8 Enter qualifying distributions from Part XII, line 4.............. 8 92,223
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,243
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,243
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,243
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 970
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.............. 7 970
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 9 273
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 ofbulletJOHN B OFFUTT Telephone no.bullet (301) 662-7585
    Located atbullet14 E 13TH STREETFREDERICKMD ZIP+4bullet21701
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOAN HENDRICKSONClick to see attachment TRUSTEE
    3.00     		1,816 0 0
    30 WEST PATRICK ST
    FREDERICK,MD21701
    LUCIEN WINEGAR ESQUIREClick to see attachment TRUSTEE
    3.00     		1,816 0 0
    129-10 WEST PATRICK ST
    FREDERICK,MD21701
    JOHN B OFFUTT CPAClick to see attachment TRUSTEE
    3.00     		1,816 0 0
    14 E 13TH ST
    FREDERICK,MD21701
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,724,483
    b
    Average of monthly cash balances.......................
    1b
    119,984
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,844,467
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,844,467
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    27,667
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,816,800
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    90,840
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    90,840
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,243
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,243
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    89,597
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    89,597
    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
    89,597
    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
    92,223
    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
    92,223
    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
    92,223
    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 89,597
    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....... 2,751
    b From 2008....... 2,149
    c From 2009....... 1,269
    d From 2010....... 2,204
    e From 2011....... 2,249
    fTotal of lines 3a through e......... 10,622
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 92,223
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 89,597
    e Remaining amount distributed out of corpus 2,626
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 13,248
    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) ...     		2,751
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		10,497
    10 Analysis of line 9:
    a Excess from 2008.... 2,149
    b Excess from 2009.... 1,269
    c Excess from 2010.... 2,204
    d Excess from 2011.... 2,249
    e Excess from 2012.... 2,626
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ST ANTHONY SHRINE
    16150 ST ANTHONY RD
    EMMITSBURG,MD21727     		  USCC 501 (C) FINANCE INITIATIVE AND PROJECTS 92,223
    Total .................................bullet 3a 92,223
    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         5,535
    4 Dividends and interest from securities....         53,556
    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         -86,229
    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)..     -27,138
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-27,138
    (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.)
    95 THE PRIMARY PURPOSE OF THE TRUST INITIALLY WAS AND HAS
    96 BEEN THE REPAIR AND RESTORATION OF THE ST. ANTHONY'S SHRINE PARISH CEMETERY AND OTHER CHURCH PROJECTS AND CHURCH INITIATIVES. THE PARISH IS A CATHOLIC CHURCH THAT IS COVERED BY THE USCC SECTION 501(C) GROUP RULING.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFUTT & ASSOC CPAS 2,595      

    TY 2012 CompensationExplanation
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Person Name Explanation
    JOAN HENDRICKSON  
    LUCIEN WINEGAR ESQUIRE  
    JOHN B OFFUTT CPA  

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SEE ATTACHED - MORGAN STANLEY - LT   PURCHASE     3,345 3,345        
    SEE ATTACHED - MORGAN STANLEY - ST   PURCHASE     284,692 315,690     -30,998  
    SEE ATTACHED - MORGAN STANLEY - LT   PURCHASE     881,314 951,761     -70,447  

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Name of Stock End of Year Book Value End of Year Fair Market Value
    775 SH AEGION CORP 18,383 18,383
    525 SH AGILENT TECHNOLOGIES 26,906 26,906
    425 SH AMERICAN CAMPUS CMMTYS INC 14,514 14,514
    400 SH AMERISOURCEBERGEN CORP    
    125 SH APPLE INC 59,594 59,594
    700 SH AT&T INC    
    325 SH BAXTER INTL INC 21,349 21,349
    150 SH BLACKROCK INC 40,593 40,593
    900 SH BRISTOL MYERS SQUIBB CO 41,652 41,652
    400 SH CAPITAL ONE CAPITAL II    
    300 SH CHEVRON CORP 36,450 36,450
    600 SH COCA-COLA CO 22,728 22,728
    1700 SH COSTAMARE INC 29,971 29,971
    400 SH DIGITAL REALTY TRUST INC 21,240 21,240
    600 SH DOW CHEMICAL CO 23,040 23,040
    1000 SH EMC CORP MASS 25,560 25,560
    500 SH EXELON CORP    
    600 SH EXPEDITORS INTL WASH INC 26,436 26,436
    450 SH FLOWSERVE CORP 28,076 28,076
    120 SH FRONTIER COMMUNICATION CORP 502 502
    1100 SH GENERAL ELEC CAP CORP    
    1600 SH GENERAL ELECTRIC CO 38,224 38,224
    350 SH HEWLETT PACKARD CO    
    350 SH HESS CORPORATION 27,069 27,069
    400 SH HONEYWELL INTL INC 33,216 33,216
    900 SH HOSPITALITY PPTYS TR 25,470 25,470
    1000 SH INTEL CORP 22,921 22,921
    200 SH INTL BUSINESS MACHINES CORP 37,036 37,036
    875 SH IRON MOUNTAIN INC 23,643 23,643
    400 SH JOHNSON & JOHNSON 34,676 34,676
    525 SH LEGGETT & PLATT INC 15,829 15,829
    975 SH LINNCO LLC 28,451 28,451
    1000 SH JP MORGAN CHASE & CO 51,690 51,690
    400 SH MERCK & CO INC 19,044 19,044
    1100 SH MERRILL LYNCH PFD CAP TR IV    
    800 SH MICROSOFT CORP 26,624 26,624
    525 SH NUCOR CORP 25,736 25,736
    350 SH PEPSICO INC 27,825 27,825
    400 SH PNC FINL SVCS GP 28,980 28,980
    300 SH PPL CORP 9,114 9,114
    625 SH PROCTER & GAMBLE 24,567 24,567
    500 SH QUALCOMM INC 33,660 33,660
    400 SH QUEST DIAGNOSTIC INC 24,716 24,716
    325 SH SCHLUMBERGER LTD 28,717 28,717
    325 SH SEMPRA ENERGY 27,820 27,820
    625 SH SOTHEBY'S CL A 30,706 30,706
    475 SH SYSCO CORP 15,119 15,119
    425 SH THE ADT CORPORATION 17,281 17,281
    275 SH TOTAL S A SPON ADR 15,928 15,928
    500 SH VERIZON COMMUNICATIONS 23,338 23,338
    900 SH VODAFONE GP 31,662 31,662
    300 SH WAL MART STORES INC 22,188 22,188
    525 SH WEIGHT WATCHERS INTL INC 19,619 19,619

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    US Government Securities - End of Year Book Value:

    959
    US Government Securities - End of Year Fair Market Value:

    959
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALCOA INC FMV 49,430 49,430
    15000 BANK OF AMERICA MTG (BOAMS) FMV    
    BB&T CORPORATION FMV 29,085 29,085
    CALAMOS STRATEGIC TOTAL RETURN FD FMV 10,000 10,000
    CLEARBRIDGE AMERN ENGY MLP FD FMV 28,200 28,200
    CLEARBRIDGE ENERGY MLP FD INC FMV 27,130 27,130
    CLEARBRIDGE ENERGY MLP TOT RET FMV 43,640 43,640
    10000 CREDIT SUISSE FIRST BOSTON MTG FMV    
    12000 CREDIT SUISSE FIRST BOSTON FMV 4,486 4,486
    13000 CS FIRST BOSTON MORTGAGE SEC FMV    
    15000 CS FIRST BOSTON MTG SECS CORP FMV 3,240 3,240
    25000 CS FIRST BOSTON MTGE SEC CORP FMV    
    DAVIS NEW YORK VENTURE FUND FMV 113,082 113,082
    ENERGY TRANSFER PARTNERS LP FMV 42,052 42,052
    FRANKLIN INCOME FUND CLASS C FMV    
    GENERAL ELEC CAP CORP FMV 21,752 21,752
    GABELLI DIVIDEND & INCOME TR FMV 31,808 31,808
    GOLDMAN SACHS GROUP INC FMV 22,173 22,173
    HEWLETT-PACKARD CO FMV 49,106 49,106
    LEGG MASON WEST ASS CORE PLUS BD FD FMV    
    ML PFD CAPITAL TRUST IV FMV 27,511 27,511
    NUVEEN CREDIT STRAT INC FD FMV    
    NUVEEN PFD INCOME OPP FD FMV    
    ROYCE PENN MUTUAL FUND CONSULT CL FMV    
    RS FLOATING RATE FUND FMV    
    TORTOISE MLP FUND FMV 32,484 32,484
    UNITED STATES NATURAL GAS FUND LP FMV    
    CGCM - MONEY MKT INVESTMENTS FMV    
    CGCM - CORE FIXED INCOME INV FMV    
    CGCM - LARGE CAP VALUE INV FMV    
    CGCM - SMALL CAP VALUE INV FMV    
    CGCM - EMERGING MARKETS INV FMV    
    CGCM - HI YLD INV FMV    
    CGCM - INTNL FIXED INCOME INV FMV    
    CGCM - INTNL EQUITY INV FMV    
    CGCM - LARGE CAP GROWTH INV FMV    
    CGCM - SMALL CAP GROWTH INV FMV    
    ACCRUED INTEREST ON BONDS FMV    
    ROUNDING FMV    

    TY 2012 OtherDecreasesSchedule
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Description Amount
    CASH DISBURSED-ST ANTHONYS-CURRENT YEAR 79,750
    CASH DISBURSED-ST ANTHONYS-PRIOR YR 12,629


    TY 2012 OtherExpensesSchedule
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT & ADVISORY SERVICE 12,135 12,135    
    SERVICE CHARGE 36      


    TY 2012 OtherIncreasesSchedule
    Name:
    MARGARET T DICKERSON TRUST
    % JOHN B OFFUTT CPA / TRUSTEE
    EIN: 52-6332003
    Description Amount
    UNREALIZED CAPITAL GAINS 296,589