Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
LOUIS M PLANSOEN CHAR TR U10TH PAR
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state, and ZIP code
CHARLOTTE, NC28288
A Employer identification number

22-6322826
B Telephone number (see instructions)

(336) 747-8203
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$11,925,339J 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      
4 Dividends and interest from securities...... 365,605 361,208  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,503
b Gross sales price for all assets on line 6a 362,370
7 Capital gain net income (from Part IV, line 2)... 2,503
8 Net short-term capital gain......... 0
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........ 368,108 363,711  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 91,358 50,252   41,105
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,444 0 0 1,444
b Accounting fees (attach schedule)....... Click to see attachment 750 0 0 750
c Other professional fees (attach schedule).... Click to see attachment 25,253 18,940   6,313
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 11,121     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 129,926 69,192 0 49,612
25 Contributions, gifts, grants paid........ 389,652 389,652
26 Total expenses and disbursements. Add lines 24 and 25 519,578 69,192 0 439,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -151,470
b Net investment income (if negative, enter -0-) 294,519
c Adjusted net income (if negative, enter -0-)... 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............... 382    
2 Savings and temporary cash investments.......... 713,643 918,974 918,974
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,803,833 Click to see attachment1,593,612 1,889,038
b Investments—corporate stock (attach schedule)........ 3,741,589 Click to see attachment3,741,589 7,929,978
c Investments—corporate bonds (attach schedule)........ 1,281,270 Click to see attachment1,135,066 1,187,349
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
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) 7,540,717 7,389,241 11,925,339
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 7,540,717 7,389,241
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,540,717 7,389,241
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,540,717 7,389,241
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 7,540,717
2 Enter amount from Part I, line 27a..................... 2 -151,470
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 6
4 Add lines 1, 2, and 3.......................... 4 7,389,253
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 12
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,389,241
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 64.19 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-01-15
b 64.87 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-02-15
c 63.99 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-03-15
d 70.55 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-04-15
e 66.17 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-05-15
9777.73 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-06-15
45.52 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-07-15
44.17 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-08-15
49.87 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-09-15
44.59 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-10-15
50.69 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-11-15
49.75 GNMA POOL #607809 5.000% 3/15/33   2003-03-25 2012-12-15
200000. US TREASURY NOTES 4.000% 11/15/12   2005-05-06 2012-11-15
150000. VERIZON VIRGINIA INC 4.625% 3/15/13   2005-01-06 2012-12-10
(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 64   64  
b 65   65  
c 64   64  
d 71   70 1
e 66   66  
9,778   9,740 38
46   45 1
44   44  
50   50  
45   44 1
51   50 1
50   50  
200,000   199,869 131
151,694   149,646 2,048
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       1
e        
      38
      1
       
       
      1
      1
       
      131
      2,048
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 2,503
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 524,642 11,239,762 0.046677
2010 554,037 10,812,151 0.051242
2009 228,867 10,336,362 0.022142
2008 209,338 11,243,765 0.018618
2007 200,750 12,245,150 0.016394
2 Total of line 1, column (d) ...................... 2 0.155073
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 0.031015
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 11,854,191
5 Multiply line 4 by line 3....................... 5 367,658
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,945
7 Add lines 5 and 6......................... 7 370,603
8 Enter qualifying distributions from Part XII, line 4.............. 8 439,264
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 2,945
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 0
3 Add lines 1 and 2............................ 3 2,945
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,945
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 9,188
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,188
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 6,243
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,948 Refunded Bullet 11 3,295
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)
    bulletNJ
    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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (336) 747-8203
    Located atbullet1 W 4TH ST 2ND FLOORWINSTONSALEMNC ZIP+4bullet271013818
    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
     
     
    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
    WELLS FARGO Co-Trustee
    40     		67,003    
    1525 WEST WT HARRIS BLVD
    CHARLOTTE,NC282881114
    Johanna Young Co-Trustee
    5     		11,175    
    24 Roosevile Avenue
    Marblehead,MA01945
    Helen Post Co-Trustee
    5     		13,180    
    15 Cache Cay Drive
    Vero Beach,FL32963
    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 0
    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.............bullet0
    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
    11,252,397
    b
    Average of monthly cash balances.......................
    1b
    782,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,034,712
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,034,712
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    180,521
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,854,191
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    592,710
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    592,710
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,945
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,945
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    589,765
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    589,765
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    589,765
    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
    439,264
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    439,264
    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
    2,945
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    436,319
    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 7 589,765
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 3,497
    e From 2011....... 0
    fTotal of lines 3a through e......... 3,497
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 439,264
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 439,264
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2012. 3,497 3,497
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		147,004
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 0
    d Excess from 2011.... 0
    e Excess from 2012.... 0
    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
    WARREN UNITED CHURCH OF CHRIST
    PO BOX 114
    WARREN,VT05674     		NONE PUBLIC EXEMPT GENERAL SUPPORT 75,000
    ENDICOTT COLLEGE
    376 HALE STREET
    BEVERLY,MA01915     		NONE PUBLIC EXEMPT CHAPEL PROGRAMS/CHRISTIAN 47,330
    FIRST CHURCH IN SWAMPSCOTT
    CONGREGATIONAL
    40 MONUMENT AVENUE
    SWAMPSCOTT,MA01907     		NONE PUBLIC EXEMPT GROWING MISSION/ 75,000
    CLIFTON LUTHERAN CHURCH
    150 HUMPHREY ST
    MARBLEHEAD,MA01945     		NONE PUBLIC EXEMPT WORSHIP AND COMMUNITY SPACE 75,000
    CHAPEL OF GOOD SHEPHERD FDN
    376 HALE STREET
    BEVERLY,MA019152096     		NONE PUBLIC EXEMPT CHAPEL PROGRAMS/CHRISTIAN 4,322
    FIRST PRESBYTERIAN CHURCH OF
    CALDWELL
    326 BLOOMFIELD AVENUE
    CALDWELL,NJ07006     		NONE PUBLIC EXEMPT ELAVATOR FUND 5,000
    ST MARY'S HOSPITAL
    350 BOULEVARD
    PASSAIC,NJ07055     		NONE PUBLIC EXEMPT GENERAL SUPPORT 500
    CLARA MAASS MEDICAL CENTER
    ONE CLARA MAASS DRIVE
    BELLEVILLE,NJ07109     		NONE PUBLIC EXEMPT GENERAL SUPPORT 1,000
    PARTNERS FOR HEALTH
    1 BAY AVENUE
    MONTCLAIR,NJ07042     		NONE PUBLIC EXEMPT GENERAL SUPPORT 500
    CHRIST CHURCH OF LAKE FOREST
    100 N WAUKEGAN ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC EXEMPT TECHNICAL IMPROVEMENTS AND 20,000
    MEMORIAL HOSPITAL AT EASTON
    219 S WASHINGTON STREET
    EASTON,MD21601     		NONE PUBLIC EXEMPT GENERAL SUPPORT 1,000
    INDIAN RIVER MEMORIAL HOSPITAL
    1000 36TH STREET
    VERO BEACH,FL32960     		NONE PUBLIC EXEMPT 2013 MAY POPS BENEFIT 30,000
    COMMUNITY CHURCH OF VERO BEACH
    1901 23RD STREET
    VERO BEACH,FL32960     		NONE PUBLIC EXEMPT GENERAL SUPPORT 55,000
    Total .................................bullet 3a 389,652
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 365,605  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 2,503  
    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)..   368,108  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13368,108
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750     750

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Name of Bond End of Year Book Value End of Year Fair Market Value
    263901AC4 DUKE ENERGY INDIANA 103,802 110,735
    36962G4G6 GENERAL ELEC CAP COR 104,230 105,446
    362320AZ6 GTE CORP 99,899 125,197
    459200GR6 IBM CORP 103,172 100,624
    46625HHR4 JPMORGAN CHASE & CO 102,951 105,506
    585055AR7 MEDTRONIC INC 105,289 105,077
    594918AB0 MICROSOFT CORP 106,082 103,684
    693476BL6 PNC FUNDING CORP 101,628 114,056
    74005PAX2 PRAXAIR INC 102,767 100,801
    87612EAV8 TARGET CORP 102,613 112,115
    92345NAA8 VERIZON 3/15/2013    
    931142CT8 WAL-MART STORES INC 102,633 104,108

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Name of Stock End of Year Book Value End of Year Fair Market Value
    364760108 GAP INC    
    437076102 HOME DEPOT INC 120,869 265,955
    580135101 MCDONALDS CORP 79,155 132,315
    654106103 NIKE INC CL B    
    778296103 ROSS STORES INC 67,501 187,692
    191216100 COCA COLA CO 16,640 435,000
    742718109 PROCTER & GAMBLE CO 118,951 163,275
    30231G102 EXXON MOBIL CORPORAT 23,053 605,850
    001055102 AFLAC INC 128,848 138,112
    025816109 AMERICAN EXPRESS CO 133,977 172,440
    037389103 AON CORP    
    171232101 CHUBB CORP 116,957 222,571
    46625H100 JPMORGAN CHASE & CO 94,467 175,876
    693475105 PNC FINANCIAL SERVIC 119,228 116,620
    857477103 STATE STREET CORP 74,714 100,836
    110122108 BRISTOL MYERS SQUIBB 72,624 423,670
    58933Y105 MERCK & CO INC NEW 91,359 368,460
    717081103 PFIZER INC    
    98956P102 ZIMMER HOLDINGS INC 678 39,996
    369604103 GENERAL ELECTRIC CO 10,352 209,900
    740189105 PRECISION CASTPARTS 58,154 143,012
    755111507 RAYTHEON CO 75,641 483,504
    055921100 BMC SOFTWARE INC 78,205 84,589
    17275R102 CISCO SYSTEMS INC 143,044 119,861
    428236103 HEWLETT PACKARD CO 105,891 49,448
    458140100 INTEL CORP 92,223 144,340
    459200101 INTERNATIONAL BUSINE 80,662 172,395
    594918104 MICROSOFT CORP 165,556 170,942
    68389X105 ORACLE CORPORATION 154,610 226,743
    882508104 TEXAS INSTRUMENTS IN 138,874 169,895
    74005P104 PRAXAIR INC COM 63,056 114,375
    00206R102 AT & T INC 49,608 369,125
    35906A108 FRONTIER COMMUN CORP    
    92343V104 VERIZON COMMUNICATIO 123,518 373,853
    65339F101 NEXTERA ENERGY INC 20,630 207,570
    H0023R105 ACE LIMITED 81,369 140,049
    037833100 APPLE INC 83,918 106,435
    14040H105 CAPITAL ONE FINANCIA 129,002 173,790
    166764100 CHEVRON CORP 96,355 108,140
    260543103 DOW CHEMICAL CO 84,331 103,454
    345370860 FORD MOTOR COMPANY 71,470 90,650
    478160104 JOHNSON & JOHNSON 127,823 140,200
    58155Q103 MCKESSON CORP 76,310 96,960
    747525103 QUALCOMM INC 79,035 92,789
    87612E106 TARGET CORP 104,320 118,340
    91324P102 UNITEDHEALTH GROUP I 83,142 92,208
    983134107 WYNN RESORTS LTD 105,469 78,743

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    US Government Securities - End of Year Book Value:

    1,593,612
    US Government Securities - End of Year Fair Market Value:

    1,889,038
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 LegalFeesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEROLD LAW PA 1,444     1,444


    TY 2012 OtherDecreasesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Description Amount
    MUTUAL FUND POSTING DATE AFTER TYE 7
    ROUNDING 5


    TY 2012 OtherIncreasesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Description Amount
    MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE 6


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RICHARD POST - AGENT FOR TRUST 25,253 18,940   6,313


    TY 2012 TaxesSchedule
    Name:
    LOUIS M PLANSOEN CHAR TR U10TH PAR
    EIN: 22-6322826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 1,933 0   0
    FEDERAL ESTIMATES - PRINCIPAL 9,188 0   0