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
SHAFER FAM FSUB 1870000540
 

Number and street (or P.O. box number if mail is not delivered to street address)2201 RIDGEWOOD RD STE 180   Room/suite
City or town, state, and ZIP code
WYOMISSING, PA19610
A Employer identification number

23-6952392
B Telephone number (see instructions)

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$1,268,185J 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 30 30  
4 Dividends and interest from securities...... 30,677 31,312  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 28,013
b Gross sales price for all assets on line 6a 382,448
7 Capital gain net income (from Part IV, line 2)... 28,013
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)....... 7 7  
12 Total. Add lines 1 through 11........ 58,727 59,362  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,340 8,340    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 188      
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) 7,185 236   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.......... 15,713 8,576 0 0
25 Contributions, gifts, grants paid........ 66,000 66,000
26 Total expenses and disbursements. Add lines 24 and 25 81,713 8,576 0 66,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -22,986
b Net investment income (if negative, enter -0-) 50,786
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............... 3,061 2,789 2,789
2 Savings and temporary cash investments.......... 22,620 13,311 13,311
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,048 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........... 34 112 112
10a Investments—U.S. and state government obligations (attach schedule) 218,531 Click to see attachment243,953 254,528
b Investments—corporate stock (attach schedule)........ 570,066 Click to see attachment513,904 599,035
c Investments—corporate bonds (attach schedule)........ 109,636 Click to see attachment110,845 119,749
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 233,424 Click to see attachment249,505 278,661
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) 1,158,420 1,134,419 1,268,185
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......... 1,158,420 1,134,419
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).................... 1,158,420 1,134,419
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,158,420 1,134,419
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 1,158,420
2 Enter amount from Part I, line 27a..................... 2 -22,986
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 33
4 Add lines 1, 2, and 3.......................... 4 1,135,467
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,048
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,134,419
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 65. AGCO CORP COM   2012-01-25 2012-09-05
b 125. AT&T INC COM   2011-12-08 2012-02-08
c 75. AT&T INC COM   2011-12-08 2012-08-27
d 95. ADTRAN INC COM   2011-12-08 2012-09-05
e 10. ADVANCE AUTO PARTS INC   2011-12-08 2012-10-26
10. ADVANCE AUTO PARTS INC   2011-12-08 2012-11-28
115. AEROPOSTALE INC COM   2011-12-08 2012-01-25
10000. ALLSTATE LIFE GL DTD 04/24/2008 5.375% 0   2011-02-10 2012-07-18
90. ALTERA CORPORATION COM   2011-12-08 2012-02-08
35. ALTERA CORPORATION COM   2011-12-08 2012-04-13
245. ALTERA CORPORATION COM   2011-12-08 2012-05-29
15. AMERICAN FINCL GROUP INC COM   2011-12-08 2012-10-26
20. AMERICAN FINCL GROUP INC COM   2011-12-08 2012-11-28
45. AMERIGROUP CORP COM   2012-01-25 2012-04-10
25. AMETEK INC COM   2011-12-08 2012-10-26
35. AMETEK INC COM   2011-12-08 2012-11-28
95. AMGEN INC COM   2011-12-08 2012-08-27
5. AMGEN INC COM   2011-12-08 2012-10-26
15. APPLE INC COM   2011-12-08 2012-02-14
5. APPLE INC COM   2011-12-08 2012-08-27
10. APTARGROUP INC COM   2011-12-05 2012-10-26
10. APTARGROUP INC COM   2011-12-08 2012-11-28
175. AVISTA CORP COM   2011-12-08 2012-04-10
10. BMC SOFTWARE INC COM   2011-12-08 2012-10-26
10. BMC SOFTWARE INC COM   2011-12-08 2012-11-28
70. BALL CORP   2011-12-08 2012-05-29
10. BALL CORP   2011-12-08 2012-10-26
10. BAXTER INTL INC COM   1999-09-22 2012-10-26
15. BOB EVANS FARMS COM   2011-12-08 2012-10-26
20. BOB EVANS FARMS COM   2011-12-08 2012-11-28
10. BROADRIDGE FINL SOL LLC COM   2011-12-08 2012-10-26
25. BROADRIDGE FINL SOL LLC COM   2011-12-08 2012-11-28
10. C. H. ROBINSON WORLDWIDE INC COM   2009-06-18 2012-10-26
10. CARTER'S INC COM   2012-09-05 2012-11-28
20. CHARLES RIVER LABS INTL INC COM   2012-04-10 2012-11-28
10. CHEVRONTEXACO CORP COM   2011-12-08 2012-10-26
40. CHURCH AND DWIGHT CO INC COM   2011-12-08 2012-01-25
10. CHURCH AND DWIGHT CO INC COM   2011-12-08 2012-11-28
5. COLGATE PALMOLIVE CO COM   2011-12-08 2012-10-26
5. COMMERCE BANCSHARES INC COM   2011-12-05 2012-10-26
15. COMMERCE BANCSHARES INC COM   2011-12-08 2012-11-28
.75 COMMERCE BANCSHARES INC COM   2011-12-13 2012-12-17
691.338 CONESTOGA SMALL CAP FUND   2010-12-13 2012-11-30
10. COOPER COS INC/THE COM   2012-09-05 2012-11-28
20. COPART INC COM   2011-12-08 2012-10-26
15. COPART INC COM   2011-12-08 2012-11-28
10. CUBIC CORP COM   2011-12-08 2012-10-26
5. CUBIC CORP COM   2011-12-08 2012-11-28
10. CUBIST PHARMACEUTICALS INC COM   2012-09-05 2012-11-28
190. DANAHER CORP COM   2011-12-08 2012-08-27
90. DARDEN RESTAURANTS INC COM   2011-12-08 2012-02-08
35. DARDEN RESTAURANTS INC COM   2011-12-08 2012-04-13
15. DARDEN RESTAURANTS INC COM   2011-12-08 2012-10-26
5. DIAMOND OFFSHORE DRILLING COM   2011-12-08 2012-10-26
25. DISCOVER FINANCIAL SERVICES COM   2011-12-08 2012-10-26
45. DRESSER-RAND GROUP INC   2011-12-08 2012-04-10
.167 ENGILITY HOLDINGS INC COM   2011-12-05 2012-07-17
9. ENGILITY HOLDINGS INC COM   2011-12-05 2012-08-27
10. EXXON MOBIL CORPORATION COM   2011-12-08 2012-10-26
5. FACTSET RESEARCH SYSTEMS INC COM   2011-12-08 2012-10-26
10. FACTSET RESEARCH SYSTEMS INC COM   2011-12-08 2012-11-28
230. FAIRCHILD SEMICONDUCTOR INTL INC COM   2011-12-08 2012-01-25
10000. FHLB NOTE DTD 06/22/2007 5.5% 08/13/2014   2009-08-19 2012-11-29
5000. FHLMC NOTE DTD 10/21/2005 4.75% 11/17/20   2009-04-16 2012-10-26
35000. FNMA NOTE DTD 09/23/2002 4.375% 09/15/20   2006-03-30 2012-09-15
5000. FNMA DTD 08/17/2006 5.25% 09/15/2016   2012-09-25 2012-10-26
5000. FNMA DTD 09/17/2004 4.625% 10/15/2014   2009-12-09 2012-04-12
15000. FNMA FANNIE MAE 2.625% 11/20/2014   2009-12-11 2012-10-26
425. FEDERATED INVESTORS INC CL B FUNDS   2010-03-04 2012-08-27
10. FEDERATED INVESTORS INC CL B FUNDS   2012-04-18 2012-08-27
125. FLOWERS FOODS INC COM   2011-12-08 2012-01-25
1000. FULTON FINANCIAL CORP COM   2001-12-19 2012-09-24
10. FULTON FINANCIAL CORP COM   2001-12-19 2012-10-26
50. FULTON FINANCIAL CORP COM   2001-12-19 2012-11-28
10. ARTHUR J GALLAGHER & CO COM   2011-12-05 2012-10-26
15. ARTHUR J GALLAGHER & CO COM   2011-12-08 2012-11-28
5000. GENERAL ELECTRIC CO DTD 01/28/2003 5% 02   2009-04-16 2012-03-07
15. GENERAL MILLS INC COM   1994-05-02 2012-10-26
615.006 GOLDMAN SACHS SATELLITE STRATEGIES   2010-12-13 2012-10-26
10. HARRIS CORPORATION COM   2011-12-08 2012-10-26
10. HARRIS CORPORATION COM   2011-12-08 2012-11-28
285. HEWLETT PACKARD CO COM   2011-12-08 2012-04-13
40. HORMEL FOODS CORP COM   2011-12-08 2012-01-25
20. HORMEL FOODS CORP COM   2011-12-08 2012-11-28
5. HUBBELL INC CL B COM   2011-12-08 2012-10-26
10. HUBBELL INC CL B COM   2011-12-08 2012-11-28
5. INTEL CORP COM   2012-02-08 2012-10-26
5. INTERNATIONAL BUS MACHS CORP COM   2011-12-08 2012-10-26
15. JOHNSON & JOHNSON COM   2011-12-08 2012-10-26
10. J2 GLOBAL INC   2011-12-08 2012-10-26
20. J2 GLOBAL INC   2011-12-08 2012-11-28
10. L-3 COMMUNICATIONS HOLDINGS COM   2011-12-05 2012-10-26
5. L-3 COMMUNICATIONS HOLDINGS COM   2011-12-08 2012-11-28
5. LABORATORY CRP OF AMER HLDGS COM   2011-12-08 2012-10-26
25. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-12-08 2012-10-26
45. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-12-08 2012-11-26
30. MCGRAW HILL COS INC COM   2011-12-08 2012-08-27
15. MCGRAW HILL COS INC COM   2011-12-08 2012-10-26
10. MCKESSON HBOC INC COM   2011-12-08 2012-10-26
155. MEDICIS PHARMACEUTICAL - CL A   2011-12-08 2012-09-04
40. MICROSOFT CORP COM   2009-01-15 2012-10-26
10. MINERALS TECHNOLOGIES INC COM   2012-09-05 2012-11-28
10. OMNICARE INC COM   2012-04-10 2012-11-28
30. ORACLE CORP COM   2011-12-08 2012-10-26
10000. ORACLE CORP DTD 07/08/2009 3.75% 07/08/2   2011-02-10 2012-02-27
10. PANERA BREAD COMPANY CL A COM   2011-12-08 2012-04-10
5. PANERA BREAD COMPANY CL A COM   2011-12-08 2012-11-28
20. PARKER-HANNIFIN CORP. COM   2012-05-29 2012-11-26
5. PEPSICO INC COM   2011-12-08 2012-10-26
10. PERRIGO CO COM   2011-12-08 2012-11-28
35. PFIZER INC COM   2002-01-28 2012-10-26
5. PROGRESSIVE CORP OHIO COM   2012-04-18 2012-08-27
365. PROGRESSIVE CORP OHIO COM   2011-12-08 2012-08-27
20. PROTECTIVE LIFE CORP COM   2012-10-26 2012-11-28
95. PROTECTIVE LIFE CORP COM   2012-10-26 2012-11-28
5. QLOGIC CORP COM   2012-01-25 2012-10-26
135. QLOGIC CORP COM   2012-01-25 2012-11-28
35. QLOGIC CORP COM   2012-01-25 2012-11-28
15. QUALCOMM INC COM   2008-03-24 2012-10-26
15. RAYONIER INC COM   2012-04-10 2012-11-28
15. ROLLINS INC COM   2011-12-08 2012-10-26
15. ROLLINS INC COM   2011-12-08 2012-11-28
55. ROSS STORES COM   2011-12-08 2012-01-25
15. ROSS STORES COM   2011-12-08 2012-04-10
10. ROSS STORES COM   2011-12-08 2012-11-28
70. SKYWORKS SOLUTIONS INC COM   2012-04-10 2012-10-26
20. SKYWORKS SOLUTIONS INC COM   2012-04-10 2012-11-28
80. SKYWORKS SOLUTIONS INC COM   2012-04-10 2012-11-28
40. TJX COMPANIES INC COM   2011-12-08 2012-08-27
20. TJX COMPANIES INC COM   2011-12-08 2012-10-26
30. TECHNE CORP COM   2011-12-08 2012-04-10
10. TORO CO COM   2011-12-08 2012-10-26
20. TORO CO COM   2011-12-08 2012-11-28
10. TUPPERWARE BRANDS CORP COM   2011-12-08 2012-10-26
10. TUPPERWARE BRANDS CORP COM   2011-12-08 2012-11-28
10000. US TREASURY INFL IX NT 1.875% 07/15/2013   2009-08-19 2012-08-29
5000. US TREASURY NOTE DTD 04/30/2009 1.875% 0   2010-06-23 2012-10-31
5000. US TREASURY NOTE DTD 05/16/2011 3.125% 0   2011-06-01 2012-02-14
5000. US TREASURY NOTE DTD 08/15/2011 2.125% 0   2011-08-24 2012-05-30
55. UNITED TECHNOLOGIES CORP COM   2004-09-22 2012-08-27
25. V F CORPORATION COM   2011-12-08 2012-04-13
5. V F CORPORATION COM   2011-12-08 2012-10-26
15. VALSPAR CORPORATION COM   2011-12-08 2012-10-26
15. VALSPAR CORPORATION COM   2011-12-08 2012-11-28
15. VECTREN CORPORATION COM   2011-12-08 2012-10-26
25. VECTREN CORPORATION COM   2011-12-08 2012-11-28
10. WADDELL & REED FINANCIAL INC CL A COM   2011-12-08 2012-10-26
10. WADDELL & REED FINANCIAL INC CL A COM   2011-12-08 2012-11-28
130. WALGREEN CO COM   2011-12-08 2012-04-13
25. WALGREEN CO COM   2011-12-08 2012-10-26
10. WATSCO INC COM   2011-12-08 2012-10-26
5000. WELLS FARGO COMPANY DTD 10/01/2009 3.75%   2009-09-28 2012-04-12
5. WESTERN DIGITAL CORP COM   2011-12-08 2012-10-26
10. WESTERN DIGITAL CORP COM   2011-12-08 2012-11-28
5. JOHN WILEY & SONS, INC COM   2011-12-08 2012-10-26
15. JOHN WILEY & SONS, INC COM   2011-12-08 2012-11-28
80. WISCONSIN ENERGY CORP COM   2011-12-08 2012-02-08
80. WISCONSIN ENERGY CORP COM   2011-12-08 2012-08-27
15. WORLD FUEL SERVICES CORP COM   2011-12-08 2012-10-26
10. WORLD FUEL SERVICES CORP COM   2011-12-08 2012-11-28
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,720   3,422 -702
b 3,749   3,618 131
c 2,765   2,171 594
d 1,904   3,133 -1,229
e 680   698 -18
779   698 81
1,910   1,907 3
10,373   10,304 69
3,634   3,206 428
1,319   1,247 72
8,502   8,774 -272
583   539 44
780   718 62
2,805   3,088 -283
891   691 200
1,289   967 322
8,040   5,561 2,479
439   293 146
7,556   5,898 1,658
3,381   1,966 1,415
516   510 6
474   503 -29
4,371   4,367 4
410   346 64
406   346 60
2,818   2,416 402
429   345 84
611   298 313
568   483 85
750   644 106
227   223 4
582   557 25
592   504 88
529   567 -38
773   704 69
1,112   1,027 85
1,834   1,786 48
538   447 91
519   454 65
190   190  
528   551 -23
27   26 1
17,000   14,981 2,019
961   846 115
544   454 90
447   341 106
485   426 59
240   213 27
395   471 -76
10,155   8,786 1,369
4,399   3,871 528
1,745   1,505 240
787   645 142
350   291 59
1,008   604 404
2,103   2,383 -280
3   3  
158   142 16
907   800 107
455   468 -13
916   937 -21
3,377   2,945 432
10,880   10,441 439
5,640   5,278 362
35,000   35,000  
5,877   5,897 -20
5,515   5,284 231
15,687   15,050 637
8,989   10,965 -1,976
212   208 4
2,472   2,409 63
9,950   6,346 3,604
97   63 34
476   317 159
355   321 34
543   481 62
5,197   5,048 149
597   163 434
5,000   4,939 61
470   352 118
468   352 116
6,983   7,917 -934
1,176   1,164 12
611   582 29
400   317 83
830   635 195
109   134 -25
965   960 5
1,064   961 103
294   265 29
597   530 67
732   634 98
386   311 75
425   417 8
1,541   1,231 310
2,932   2,216 716
1,490   1,275 215
839   637 202
929   794 135
6,744   5,038 1,706
1,124   766 358
729   689 40
341   342 -1
927   932 -5
10,764   10,415 349
1,579   1,389 190
811   695 116
1,629   1,738 -109
345   323 22
1,027   980 47
890   1,462 -572
99   113 -14
7,253   6,712 541
533   546 -13
2,534   2,594 -60
49   86 -37
1,221   2,319 -1,098
317   601 -284
881   599 282
736   643 93
335   320 15
337   320 17
2,870   2,554 316
861   697 164
572   464 108
1,606   1,820 -214
429   520 -91
1,716   2,080 -364
1,827   1,253 574
812   626 186
2,007   1,962 45
409   286 123
876   572 304
586   560 26
642   560 82
12,872   10,680 2,192
5,119   5,027 92
5,570   5,067 503
5,266   4,925 341
4,433   2,587 1,846
3,695   3,408 287
771   682 89
823   539 284
931   539 392
438   421 17
716   702 14
325   260 65
321   260 61
4,282   4,438 -156
879   854 25
679   646 33
5,301   4,990 311
171   158 13
338   315 23
216   231 -15
623   694 -71
2,739   2,606 133
3,064   2,606 458
522   615 -93
382   410 -28
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       -702
b       131
c       594
d       -1,229
e       -18
      81
      3
      69
      428
      72
      -272
      44
      62
      -283
      200
      322
      2,479
      146
      1,658
      1,415
      6
      -29
      4
      64
      60
      402
      84
      313
      85
      106
      4
      25
      88
      -38
      69
      85
      48
      91
      65
       
      -23
      1
      2,019
      115
      90
      106
      59
      27
      -76
      1,369
      528
      240
      142
      59
      404
      -280
       
      16
      107
      -13
      -21
      432
      439
      362
       
      -20
      231
      637
      -1,976
      4
      63
      3,604
      34
      159
      34
      62
      149
      434
      61
      118
      116
      -934
      12
      29
      83
      195
      -25
      5
      103
      29
      67
      98
      75
      8
      310
      716
      215
      202
      135
      1,706
      358
      40
      -1
      -5
      349
      190
      116
      -109
      22
      47
      -572
      -14
      541
      -13
      -60
      -37
      -1,098
      -284
      282
      93
      15
      17
      316
      164
      108
      -214
      -91
      -364
      574
      186
      45
      123
      304
      26
      82
      2,192
      92
      503
      341
      1,846
      287
      89
      284
      392
      17
      14
      65
      61
      -156
      25
      33
      311
      13
      23
      -15
      -71
      133
      458
      -93
      -28
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 28,013
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 59,000 1,250,807 0.04717
2010 62,500 1,191,608 0.05245
2009      
2008      
2007      
2 Total of line 1, column (d) ...................... 2 0.09962
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 0.04981
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 1,267,268
5 Multiply line 4 by line 3....................... 5 63,123
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 508
7 Add lines 5 and 6......................... 7 63,631
8 Enter qualifying distributions from Part XII, line 4.............. 8 66,000
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 1 508
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............................ 3 508
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- ..... 5 508
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 3,824
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 3,824
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 3,316
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet508 Refunded Bullet 11 2,808
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)
    bulletPA
    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 ofbulletNational Penn Investors Trust Co Telephone no.bullet (610) 372-6414
    Located atbullet2201 RIDGEWOOD ROAD SUITE 180WYOMISSINGPA ZIP+4bullet19610
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    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
    NATIONAL PENN INVESTORS TRUST CO TRUSTEE
    5     		8,340    
    2201 RIDGEWOOD ROAD STE 180
    WYOMISSING,PA19610
    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 EQUI-LIBRIUM INC PO BOX 305 SCIOTA PA 18354 4,000
    2 FUND TO BENEFIT CHILDREN & YOUTH INC 903 E ELM ST ALLENTOWN PA 18104 500
    3 MORAVIAN VILLAGE OF BETHLEHEM 526 WOOD STREET BETHLEHEM PA 18018 2,000
    4 COMPASSIONATE FRIENDS PO BOX 1253 BETHLEHEM PA 18017 1,000
    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
    1,266,574
    b
    Average of monthly cash balances.......................
    1b
    19,992
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,286,566
    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
    1,286,566
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    19,298
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,267,268
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    63,363
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    63,363
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    508
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    508
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    62,855
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    62,855
    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
    62,855
    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
    66,000
    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
    66,000
    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
    508
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    65,492
    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 62,855
    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....... 11,675
    b From 2008....... 17,242
    c From 2009....... 5,174
    d From 2010....... 3,614
    e From 2011....... 281
    fTotal of lines 3a through e......... 37,986
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 66,000
    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..... 62,855
    e Remaining amount distributed out of corpus 3,145
    5 Excess distributions carryover applied to 2012. 0 0
    (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 41,131
    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 ..........     		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) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		11,675
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		29,456
    10 Analysis of line 9:
    a Excess from 2008.... 17,242
    b Excess from 2009.... 5,174
    c Excess from 2010.... 3,614
    d Excess from 2011.... 281
    e Excess from 2012.... 3,145
    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
    SHAFER FAMILY CHARITABLE
    FOUNDATION
    588 RIVERWOODS WAY
    BETHLEHEM,PA18015     		NONE 501(C)(3) TRUST INCOME TO BE PAID TO 66,000
    Total .................................bullet 3a 66,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 30  
    4 Dividends and interest from securities....     14 30,677  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 7  
    8Gain or (loss) from sales of assets other than inventory     18 28,013  
    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)..   58,727  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1358,727
    (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 InvestmentsCorpBondsSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ORACLE CORP DTD 7/8/2009    
    COSTCO WHSL CORP NEW DTD 2/20/ 11,264 11,789
    INTL BUS MACHINES CORP 9/14/07 5,225 6,038
    PEPSICO INC 10/26/2010 4,904 5,358
    SBC COMM INC 8/18/2004 5,094 5,739
    WAL-MART STORES 4/5/2007 11,054 11,838
    CONSOLIDATED EDISON 4/1/08 5,362 6,086
    WELLS FARGO CO 2.625% 12/15/16 10,257 10,554
    GENERAL ELECTRIC CO DTD 1/28    
    US BANCORP DTD 7/27/2010 5,022 5,226
    WELLS FARGO COMPANY DTD 10/01    
    JP MORGAN CHASE 1/29/08 7.25% 5,715 6,265
    GEN ELEC CAP 1/7/11 4.625% 5,204 5,672
    BANK OF NY MELLON 9/23/11 10,118 10,896
    ALLSTATE LIFE GL DTD 4/24/2008    
    GLAXOSMITHKLINE CAP 5/13/08 10,898 12,180
    OCCIDENTAL PETE 12/16/10 10,013 11,434
    DEERE & CO 6/8/12 2.6% 5,133 5,063
    MERCK & CO 12/10/10 3.87% 5,582 5,611

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CADENCE DESIGN SYSTEMS, INC CO 2,130 2,229
    BAXTER INTL INC 4,597 9,999
    BED BATH & BEYOND INC    
    CUBIST PHARMACEUTICALS INC COM 2,357 2,103
    FEDERATED INVESTORS INC CL B    
    FAIRCHILD SEMICONDUCTOR INTL I    
    DRESSER-RAND GROUP INC    
    FULTON FINANCIAL CORP 15,476 23,448
    GENERAL DYNAMICS CORP    
    DANAHER CORP    
    GENERAL MILLS INC 4,975 11,318
    INTEL CORP 14,874 11,547
    MARSH & MCLENNAN 14,919 14,994
    OMNICARE INC COM 2,221 2,347
    AVISTA CORP    
    PFIZER INC 15,298 12,916
    ALTERA CORPORATION    
    RAYTHEON CO COM NEW 9,324 9,497
    TECHNE CORP    
    QUALCOMM INC 9,891 12,991
    PROGRESSIVE CORP OHIO    
    U S BANCORP COM 15,109 15,172
    UNITED TECHNOLOGIES 6,991 11,891
    MEDICIS PHARMACEUTICAL    
    HEWLITT-PACKARD COMPANY    
    FLOWERS FOODS INC    
    CARTER'S INC COM 2,268 2,226
    C.H. ROBINSON WORLDWIDE INC 8,330 9,799
    MICROSOFT CORP 11,193 15,358
    OCEANEERING INTL INC COM 1,301 1,345
    ROYAL CARRIBEAN CRUISES LTD    
    AT&T INC 10,563 12,136
    CHARLES RIVER LABS INTL INC CO 2,683 2,810
    ADVANCE AUTO PARTS 2,087 2,171
    COOPER COS INC/THE COM 2,114 2,312
    CORELOGIC INC COM 2,049 2,154
    AMERICAN FNCL GROUP 3,233 3,557
    AMETEK INC 4,559 6,199
    AMGEN INC 9,074 13,361
    APPLE INC 13,010 17,030
    APTARGROUP INC 3,017 2,863
    BMC SOFTWARE INC 1,554 1,783
    BALL CORP 10,750 13,425
    BOB EVANS FARMS 2,576 3,216
    BROADRIDGE FINL SOL LLC 2,006 2,059
    CHEVRON CORP 16,946 17,843
    CHURCH & DWIGHT CO 2,903 3,482
    COLGATE PALMOLIVE CO 9,076 10,454
    COMMERCE BANCSHARES 2,179 2,209
    COPART INC 1,706 2,213
    CUBIC CORP 1,491 1,679
    DARDEN RESTAURANTS 7,601 7,887
    DIAMOND OFFSHORE DRILLING 5,235 6,116
    DISCOVER FNCL SERVICES 9,466 15,035
    EXXON MOBIL CORP 13,995 15,146
    FACTSET RESEARCH SYSTEMS 3,714 3,522
    FLOWSERVE CORP COM 9,010 10,276
    ARTHUR J GALLAGHER & CO 2,091 2,252
    HARRIS CORP 1,584 2,203
    AEROPASTALE INC    
    HORMEL FOODS CORP 2,619 2,809
    HUBBELL INC CL B 2,224 2,962
    INTERNATIONAL BUS MACHS 16,325 16,282
    JOHNSON & JOHNSON 16,335 17,876
    J2 GLOBAL INC 1,856 2,142
    L-3 COMMUNICATIONS HOLDINGS 2,495 3,065
    LABORATORY CRP OF AMER HLDGS 6,668 6,930
    MCCORMICK & CO 15,292 19,694
    MCGRAW HILL COS 13,843 17,768
    MCKESSON HBOC INC 10,718 13,090
    MINERALS TECHNOLOGIES INC COM 2,413 2,794
    ORACLE CORP 15,417 16,660
    PANERA BREAD CO CL A 2,934 3,177
    PEPSICO INC 13,731 14,370
    PERRIGO CO 3,921 4,161
    RAYONIER INC COM 2,788 3,369
    ROLLINS INC 1,391 1,433
    ROSS STORES 3,254 3,786
    TJX COS INC 11,796 15,919
    ADTRAN INC    
    TORO CO 2,574 3,868
    TUPPERWARE BRANDS CORP 2,236 2,564
    V F CORP 9,606 10,568
    VALSPAR CORP 2,518 4,368
    VECTREN CORP 3,376 3,528
    WADDELL & REED FINL INC 1,429 1,915
    WALGREEN CO COM 11,320 12,213
    WATSCO INC 1,288 1,498
    WESTERN DIGITAL CORP 946 1,275
    JOHN WILEY & SONS 2,538 2,141
    WISCONSIN ENERGY CORP 8,582 9,581
    WORLD FUEL SERVICES CORP 2,674 2,676
    ROYAL CARRIBEAN CRUISES LTD C 14,754 13,600
    PARKER-HANNIFIN CORP COM 6,517 6,380

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    US Government Securities - End of Year Book Value:

    243,953
    US Government Securities - End of Year Fair Market Value:

    254,528
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTL FD #661 AT COST 55,530 67,434
    CONESTOGA SMALL CAP FD AT COST 47,402 54,642
    GOLDMAN SACHS SATELLITE STRAT AT COST 85,062 86,912
    HENDERSON INTL OPPORTUNITIES AT COST 61,511 69,673

    TY 2012 OtherDecreasesSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Description Amount
    PRIOR PERIOD ADJUSTMENT 1,048


    TY 2012 OtherIncreasesSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Description Amount
    ROUNDING 33