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
PATHFINDER FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)179 HARVEY STREET   Room/suite
City or town, state, and ZIP code
CAMBRIDGE, MA02140
A Employer identification number

34-6536633
B Telephone number (see instructions)

(617) 868-1999
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$742,718J 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 1,755 1,755 1,755
4 Dividends and interest from securities...... 13,772 13,772 13,772
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 21,888
b Gross sales price for all assets on line 6a 297,685
7 Capital gain net income (from Part IV, line 2)... 75
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 37,415 15,602 15,527
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 900      
c Other professional fees (attach schedule).... Click to see attachment 4,987      
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 153      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,040 0   0
25 Contributions, gifts, grants paid........ 68,500 68,500
26 Total expenses and disbursements. Add lines 24 and 25 74,540 0   68,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -37,125
b Net investment income (if negative, enter -0-) 15,602
c Adjusted net income (if negative, enter -0-)... 15,527
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............... 4,654 27,885  
2 Savings and temporary cash investments.......... 67,490 4,537  
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 467,610 Click to see attachment526,887 622,602
c Investments—corporate bonds (attach schedule)........ 168,089 Click to see attachment111,409 120,116
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 707,843 670,718 742,718
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 707,843 670,718
30 Total net assets or fund balances (see page 17 of the
instructions).................... 707,843 670,718
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 707,843 670,718
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)............... 1 707,843
2 Enter amount from Part I, line 27a..................... 2 -37,125
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 670,718
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 670,718
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 75
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 44,308 768,784 0.057634
2010 42,155 723,604 0.058257
2009 22,050 630,978 0.034946
2008 10,500 357,745 0.029351
2007 5,200 378,434 0.013741
2 Total of line 1, column (d) ...................... 2 0.193929
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 0.038786
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 765,299
5 Multiply line 4 by line 3....................... 5 29,683
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 156
7 Add lines 5 and 6......................... 7 29,839
8 Enter qualifying distributions from Part XII, line 4.............. 8 68,500
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 1 156
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 156
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 156
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 156
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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
     
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPAT GOUDVIS Telephone no.bullet (617) 868-1999
    Located atbullet179 HARVEY STCAMBRIDGEMA ZIP+4bullet02140
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PAT GOUDVISClick to see attachment TRUSTEE
    1.00     		0 0 0
    179 HARVEY ST
    CAMBRIDGE,MA02138
    ANN GOUDVISClick to see attachment TRUSTEE
    1.00     		0 0 0
    210 LIPAN WAY
    BOULDER,CO80303
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    749,760
    b
    Average of monthly cash balances.......................
    1b
    27,193
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    776,953
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    776,953
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    11,654
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    765,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    38,265
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    38,265
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    156
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    156
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    38,109
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    38,109
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    38,109
    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
    68,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    68,500
    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
    156
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    68,344
    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 38,109
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 6,809
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 68,500
    a Applied to 2011, but not more than line 2a 6,809
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 38,109
    e Remaining amount distributed out of corpus 23,582
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 23,582
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		23,582
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012.... 23,582
    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
    ECOLOGIC DEVELOPMENT FD
    25 MT AUBURN ST STE 203
    CAMBRIDGE,MA02138     		  PUBLIC GENERAL 10,000
    CAMBRIDGE FRIENDS SCHOOL
    5 CADBURY ROAD
    CAMBRIDGE,MA02140     		  PUBLIC GENERAL 1,000
    FEXMARTIN-BARO FUND
    PO BOX 302122
    JAMAICA PLAIN,MA02131     		  PUBLIC GENERAL 500
    RETHINKING SCHOOLS
    1001 EAST KEEFE AVE
    MILWAUKEE,WI53212     		  PUBLIC GENERAL 10,000
    BOULDER HIGH SCHOOL
    1604 ARAPAHOE AVE
    BOULDER,CO80302     		  PUBLIC DANA'S PROJECT 8,000
    INSTITUTE FOR PEACEABLE COMM
    120 PULPIT RD
    AMHERST,MA01002     		  PUBLIC SJLF ELDER'S PROJECT 500
    PUBLIC MEDIA INC
    521 E 14TH ST 4F
    NEW YORK,NY10009     		  PUBLIC GENERAL 20,000
    HOSPICE OF BOULDER AND BROOMFIELD C
    2594 TRAILRIDGE DR
    EAST LAFAYETTE,CO80026     		  PUBLIC GENERAL 1,000
    FOTOKIDS-FUNDACION DE NINOS ARTISTA
    PO BOX 661447
    MIAMI,FL33266     		  PUBLIC GENERAL 4,000
    ANCONA SCHOOL
    4770 S DORCHESTER
    CHICAGO,IL60615     		  PUBLIC GENERAL 5,000
    NY TIMES NEDIEST CASES
    4 CHASE METROTECH CENTER
    LOCKBOX 5193
    BROOKLYN,NY11245     		  PUBLIC GENERAL 3,000
    CENTER INDEPENDENT DOCUMENTARY
    680 SOUTH MAIN ST
    SHARON,MA02067     		  PUBLIC GENERAL 5,000
    FIRST PARISH CHURCH
    3 CHURCH ST
    CAMBRIDGE,MA02138     		  PUBLIC GENERAL 500
    Total .................................bullet 3a 68,500
    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 1,755  
    4 Dividends and interest from securities....     14 13,772  
    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     14 21,888  
    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)..   37,415  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1337,415
    (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:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 900      

    TY 2012 CompensationExplanation
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Person Name Explanation
    PAT GOUDVIS  
    ANN GOUDVIS  

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SUNCOKE ENERGY, INC 2011-03 PURCHASE 2012-01   11 12     -1  
    APPLIED MATERIALS, INC. 2011-03 PURCHASE 2012-01   3,157 4,062     -905  
    THOMAS & BETTS CORP COM 2010-01 PURCHASE 2012-01   5,819 3,621     2,198  
    THOMAS & BETTS CORP COM 2009-09 PURCHASE 2012-01   1,746 924     822  
    UNITED PARCEL SERVICE, INC. 2011-03 PURCHASE 2012-01   1,125 1,117     8  
    UNITED PARCEL SERVICE, INC. 2010-05 PURCHASE 2012-01   2,925 2,595     330  
    WATERS CORP COM 2011-03 PURCHASE 2012-01   5,590 6,012     -422  
    EMC CORPORATION 2010-01 PURCHASE 2012-01   2,462 1,916     546  
    ONEOK INC NEW COM 2010-05 PURCHASE 2012-01   1,492 812     680  
    UNITED NAT FOODS INC COM 2011-01 PURCHASE 2012-01   2,493 2,187     306  
    ANALOG DEVICES INC 2011-07 PURCHASE 2012-01   2,889 2,601     288  
    HCC INS HLDGS INC 2010-01 PURCHASE 2012-01   1,269 1,267     2  
    POWERSHARES GLOBAL ETF TRUST GBL CLE 2010-01 PURCHASE 2012-01   1,621 3,095     -1,474  
    BANCO BRADESCO S A SP (ADR) PFD 2011-01 PURCHASE 2012-01   3,663 3,958     -295  
    IBM CORP 2011-03 PURCHASE 2012-01   945 817     128  
    IBM CORP 2010-01 PURCHASE 2012-01   6,613 4,562     2,051  
    SPECTRA ENERGY CORP 2010-01 PURCHASE 2012-01   5,741 3,700     2,041  
    HOLOGIC INC COM 2010-05 PURCHASE 2012-01   1,728 1,431     297  
    HOLOGIC INC COM 2010-01 PURCHASE 2012-01   2,977 2,317     660  
    REINSURANCE GROUP OF AMERICA INC 2011-07 PURCHASE 2012-01   12,511 13,448     -937  
    AIR PRODS & CHEMS INC 2011-07 PURCHASE 2012-01   2,624 2,703     -79  
    AIR PRODS & CHEMS INC 2010-01 PURCHASE 2012-01   3,167 2,875     292  
    AIR PRODS & CHEMS INC 2009-09 PURCHASE 2012-01   2,262 718     1,544  
    BECTON DICKINSON & CO 2010-05 PURCHASE 2012-01   3,817 3,662     155  
    BECTON DICKINSON & CO 2009-09 PURCHASE 2012-01   1,168 1,058     110  
    INTEL CORPORATION 2010-05 PURCHASE 2012-01   1,973 1,638     335  
    INTEL CORPORATION 2010-01 PURCHASE 2012-01   80 62     18  
    THE J. M. SMUCKER COMPANY 2011-03 PURCHASE 2012-01   2,178 1,955     223  
    THE J. M. SMUCKER COMPANY 2010-01 PURCHASE 2012-01   1,049 805     244  
    THE J. M. SMUCKER COMPANY 2009-09 PURCHASE 2012-01   1,613 1,055     558  
    SUNCOKE ENERGY, INC 2011-03 PURCHASE 2012-01   424 439     -15  
    PARNASSUS FD FIXED INCOME 2010-10 PURCHASE 2012-04   177 181     -4  
    PARNASSUS FD FIXED INCOME 2010-08 PURCHASE 2012-04   186 190     -4  
    PARNASSUS FD FIXED INCOME 2010-09 PURCHASE 2012-04   183 187     -4  
    PARNASSUS FD FIXED INCOME 2011-09 PURCHASE 2012-04   157 159     -2  
    PARNASSUS FD FIXED INCOME 2012-01 PURCHASE 2012-04   150 152     -2  
    PARNASSUS FD FIXED INCOME 2011-10 PURCHASE 2012-04   97 98     -1  
    PARNASSUS FD FIXED INCOME 2010-07 PURCHASE 2012-04   198 198        
    PARNASSUS FD FIXED INCOME 2011-08 PURCHASE 2012-04   150 150        
    PARNASSUS FD FIXED INCOME 2012-02 PURCHASE 2012-04   143 143        
    PARNASSUS FD FIXED INCOME 2011-12 PURCHASE 2012-04   163 163        
    PARNASSUS FD FIXED INCOME 2011-11 PURCHASE 2012-04   1,317 1,315     2  
    PARNASSUS FD FIXED INCOME 2010-11 PURCHASE 2012-04   180 179     1  
    PARNASSUS FD FIXED INCOME 2010-06 PURCHASE 2012-04   221 220     1  
    PARNASSUS FD FIXED INCOME 2011-11 PURCHASE 2012-04   156 155     1  
    PARNASSUS FD FIXED INCOME 2010-11 PURCHASE 2012-04   1,875 1,863     12  
    PARNASSUS FD FIXED INCOME 2011-07 PURCHASE 2012-04   165 164     1  
    PARNASSUS FD FIXED INCOME 2012-03 PURCHASE 2012-04   156 154     2  
    PARNASSUS FD FIXED INCOME 2010-05 PURCHASE 2012-04   29,287 28,834     453  
    PARNASSUS FD FIXED INCOME 2012-04 PURCHASE 2012-05   169 168     1  
    PARNASSUS FD FIXED INCOME 2010-05 PURCHASE 2012-05   8,641 8,440     201  
    APPLE INC 2012-01 PURCHASE 2012-05   5,839 4,701     1,138  
    HEWLETT PACKARD CO COM 2010-01 PURCHASE 2012-05   3,180 7,640     -4,460  
    HEWLETT PACKARD CO COM 2009-09 PURCHASE 2012-05   658 1,369     -711  
    ABB LTD SPD (ADR) 2011-03 PURCHASE 2012-05   799 1,198     -399  
    ABB LTD SPD (ADR) 2011-01 PURCHASE 2012-05   5,836 8,548     -2,712  
    APACHE CORPORATION 2011-03 PURCHASE 2012-05   982 1,533     -551  
    APACHE CORPORATION 2010-01 PURCHASE 2012-05   4,583 5,964     -1,381  
    APACHE CORPORATION 2012-01 PURCHASE 2012-05   1,064 1,262     -198  
    DECKERS OUTDOOR CORP 2010-01 PURCHASE 2012-05   1,930 1,331     599  
    GARDNER DENVER INC. 2011-07 PURCHASE 2012-05   986 1,489     -503  
    GARDNER DENVER INC. 2010-01 PURCHASE 2012-05   2,738 2,111     627  
    GREEN MOUNTAIN COFFEE ROASTERS INC 2011-08 PURCHASE 2012-05   778 3,190     -2,412  
    GREEN MOUNTAIN COFFEE ROASTERS INC 2012-01 PURCHASE 2012-05   875 1,800     -925  
    HESS CORP 2011-01 PURCHASE 2012-05   5,306 9,333     -4,027  
    SUNOCO INC 2011-03 PURCHASE 2012-05   2,825 2,305     520  
    APPLE INC 2012-01 PURCHASE 2012-08   2,526 1,709     817  
    PROCTER & GAMBLE CO 2010-01 PURCHASE 2012-08   2,727 2,502     225  
    STARBUCKS CORP 2011-03 PURCHASE 2012-08   3,321 2,604     717  
    STARBUCKS CORP 2010-05 PURCHASE 2012-08   569 325     244  
    ONEOK INC NEW COM 2010-05 PURCHASE 2012-08   3,351 1,816     1,535  
    MASTERCARD INCORPORATED 2011-07 PURCHASE 2012-08   8,114 5,831     2,283  
    MENS WEARHOUSE INC 2011-07 PURCHASE 2012-08   5,109 5,901     -792  
    ENDO HEALTH SOLUTIONS INC 2010-02 PURCHASE 2012-08   5,402 3,388     2,014  
    LINCOLN ELECTRIC HOLDINGS INC 2012-01 PURCHASE 2012-08   7,575 7,815     -240  
    LINCOLN ELECTRIC HOLDINGS INC 2011-01 PURCHASE 2012-08   3,146 2,582     564  
    LINCOLN ELECTRIC HOLDINGS INC 2010-05 PURCHASE 2012-08   207 142     65  
    APACHE CORPORATION 2012-01 PURCHASE 2012-11   3,833 4,853     -1,020  
    APACHE CORPORATION 2009-09 PURCHASE 2012-11   1,840 2,197     -357  
    AMERICAN EXPRESS COMPANY 2010-05 PURCHASE 2012-11   2,525 1,905     620  
    FIFTH THIRD BANCORP 2012-01 PURCHASE 2012-11   3,387 3,216     171  
    THE HOME DEPOT, INC 2011-01 PURCHASE 2012-11   2,455 1,428     1,027  
    MARATHON PETROLEUM CORPORATION 2012-05 PURCHASE 2012-11   2,361 1,496     865  
    SUPERIOR ENERGY SERVICES, INC. 2011-01 PURCHASE 2012-11   375 700     -325  
    SUPERIOR ENERGY SERVICES, INC. 2012-01 PURCHASE 2012-11   1,764 2,569     -805  
    SUPERIOR ENERGY SERVICES, INC. 2010-01 PURCHASE 2012-11   1,783 2,422     -639  
    W.W. GRAINGER, INC. 2010-01 PURCHASE 2012-11   2,857 1,450     1,407  
    W.W. GRAINGER, INC. 2009-09 PURCHASE 2012-11   1,905 400     1,505  
    CHURCH & DWIGHT CO., INC 2012-01 PURCHASE 2012-11   6,207 5,463     744  
    JARDEN CORPORATION 2011-03 PURCHASE 2012-11   5,805 3,800     2,005  
    PARNASSUS FD FIXED INCOME 2012-07 PURCHASE 2012-11   76 76        
    PARNASSUS FD FIXED INCOME 2012-11 PURCHASE 2012-11   15 15        
    PARNASSUS FD FIXED INCOME 2012-08 PURCHASE 2012-11   84 84        
    PARNASSUS FD FIXED INCOME 2012-05 PURCHASE 2012-11   93 93        
    PARNASSUS FD FIXED INCOME 2012-09 PURCHASE 2012-11   85 85        
    PARNASSUS FD FIXED INCOME 2012-06 PURCHASE 2012-11   82 82        
    PARNASSUS FD FIXED INCOME 2012-10 PURCHASE 2012-11   58 58        
    PARNASSUS FD FIXED INCOME 2010-05 PURCHASE 2012-11   9,509 9,245     264  
    THE HOME DEPOT, INC 2011-01 PURCHASE 2012-01   6,348 3,698     2,650  
    DREYFUS GNMA FUND 2011-08 PURCHASE 2012-09   357 355     2  
    DREYFUS GNMA FUND 2000-01 PURCHASE 2012-09   32,477 21,181     11,296  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name of Bond End of Year Book Value End of Year Fair Market Value
    20000 ORACLE CORP BOND 20,689 20,999
    50000 IBRD GREEN BOND    
    PARNASSUS FD 41,328 46,714
    INTL BK RECON & DEV 49,392 52,403

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 597 SHS    
    ABB LTD 182 SHS 4,262 3,784
    ADOBE SYSTEMS 183 SHS 6,174 6,895
    AFLAC 252 SHS    
    AFLAC 317 SHS 17,328 16,839
    AIR PRODS & CHEMS 89 SHS    
    ALCOA 424 SHS    
    AMERICAN EXPRESS 100 SHS    
    AMERICAN EXPRESS 54 SHS 2,236 3,104
    AMGEN INC 11,836 12,240
    ANALOG DEVICES 73 SHS    
    APACHE CORP 92 SHARES    
    APPLE INC 38 SHS    
    APPLE INC 41 SHS 9,054 21,820
    APPLIED METALS 246 SHS 3,888 2,814
    APPLIED METALS 503 SHS    
    ATWOOD OCEANICS 199 SHARES 8,184 9,112
    AVISTA CORP 170 SHS 3,541 4,099
    BANCO BRADESCO 200 SHS    
    BAXTER INTL 207 SHS 11,118 13,799
    BAXTER INTL 64 SHS    
    BECTON DICKSON 64 SHS    
    CANADIAN PAC RAILWAY 63 SHS 6,284 6,402
    CBRE GROUP 214 SHS 5,847 4,259
    CERNER CORP 86 SHS 4,747 6,666
    CERNER CORP 86 SHS    
    CHUBB CORP 194 SHS 9,907 14,612
    CHURCH & DWIGHT 102 SHS    
    CHURCH & DWIGHT 118 SHS 4,344 6,321
    CISCO SYS 924 SHS 16,390 18,156
    CITIGROUP INC 8,914 11,670
    COLGATE PALMOLIVE 22 SHS    
    COLGATE PALMOLIVE 46 SHS 4,102 4,809
    COSTCO WAREHOUSE 128 SHS    
    COSTCO WAREHOUSE 163 SHS 12,283 16,093
    DECKERS OUTDOOR CORP 37 SHS    
    DISCOVERY COMMUN SER 140 SHS 7,455 8,887
    DREYFUS GNMA FUND    
    EBAY 199 SHS 6,234 10,149
    EMC CORP 149 SHS 2,694 3,770
    EMC CORP 255 SHS    
    ENDO PHARMACEUTICALS 166 SHS    
    EOG RESOURCES 129 SHS 15,086 15,582
    FEDEX CORP 60 SHS 5,447 5,503
    FIFTH THIRD BANCORP 8,475 9,454
    GARDNER DENVER 68 SHS    
    GLAXOSMITHKLINE 204 SHS 9,186 8,868
    GOOGLE 9 SHS 5,288 6,366
    GRAINGER 25 SHS    
    GREEN MTN COFFEE 32 SHS    
    HARTFORD FINCL 127 SHS 3,511 2,850
    HCC INS HLDS 45 SHARES    
    HESS CORP 120 SHARES    
    HESS CORP 127 SHS 7,857 6,726
    HEWLETT PACKARD 175 SHS    
    HOLOGIC 245 SHS    
    HOME DEPOT 108 3,418 6,680
    HOME DEPOT 248 SHS    
    HORACE MANN EDUCATORS 223 SHS 3,802 4,451
    HSBC HLDS 143 SHS 5,913 7,589
    IBM 45 SHS 5,535 8,620
    IBM 85 SHS    
    INTEL 332 SHS 6,817 6,846
    INTEL 409 SHS    
    JARDEN CORP 196 SHS 6,529 10,133
    JARDEN CORP 307 SHS    
    JOHNSON CTLS 100 SHS 2,837 3,067
    JP MORGAN CHASE 199 SHS 8,494 8,750
    KANSAS CITY SOUTHERN 166 SHS 10,341 13,858
    LINCOLN ELEC HLDGS 176 SHS    
    LINCOLN ELEC HLDGS 95 SHS 2,701 4,625
    LINCOLN NATL 321 SHS 7,384 8,314
    MARATHON PETE CORP 266 SHS 9,474 16,758
    MASTERCARD 26 SHS    
    MASTERCARD 7 SHS 2,148 3,439
    MENS WAREHOUSE 175 SHS    
    MICROSOFT CORP 235 SHS 7,236 6,277
    MINERALS TECH INC 230 SHS 6,335 9,182
    MINERALS TECHNOLOGIES 115 SHS    
    NATIONAL FUEL GAS CO 58 SHS 2,958 2,940
    NATIONAL GRID 53 SHS 2,575 3,044
    NATIONAL OILWELL 67 SHS 4,592 4,579
    NETGEAR INC 80 SHS 3,251 3,154
    NORDSTROM 75 SHS 3,787 4,013
    NOVARTIS A G 43 SHS 2,469 2,722
    NOVO NORDISK A-S 35 SHS 4,950 5,712
    NV ENERGY 355 SHS 4,796 6,440
    ONEOK INC 55 SHS    
    ORACLE CORP 408 SHS    
    ORACLE CORP 408 SHS 10,159 13,595
    OWENS ILLINOIS 273 SHS 6,357 5,807
    PFIZER INC 2364 SHS    
    POWERSHARES EXCH 240 SHS 4,030 5,481
    POWERSHARES GLOBAL 179 SHS    
    PROLOGIS INC 100 SHS 3,506 4,014
    PROCTER & GAMBLE 130 SHS    
    PROCTER & GAMBLE 179 SHS 11,467 12,152
    QUALCOMM 142 SHS 7,519 8,784
    REINSURANCE GROUP 224 SHS    
    SEALED AIR CORP 365 SHS 7,091 6,391
    SMUCKER JM 60 SHS    
    SPECTRA ENERGY 181 SHS    
    ST JUDE MED CTR 77 SHS 3,264 2,783
    STARBUCKS CORP 150 SHS    
    STARBUCKS CORP 68 SHS 1,842 3,647
    STARWOOD HOTELS 68 SHS 4,272 3,900
    STATOIL ASA 474 SHS 11,682 11,869
    SUNOCO INC 60 SHS    
    SUPERIOR ENERGY 115 SHS    
    SYMANTEC CORP 166 SHS 3,011 3,124
    TARGET CORP 239 SHS 13,128 14,142
    THOMAS & BETTS 130 SHS    
    TIME WARNER INC 317 SHS 10,396 15,162
    UNITED HEALTH GROUP 216 SHS    
    UNITED HEALTH GROUP 268 SHS 11,392 14,536
    UNITED NAT FOODS    
    UNITED PARCEL SERVICE 161 SHS 10,712 11,871
    UNITED PARCEL SERVICE 215 SHS    
    VALMONT INDUSTRIES 10,891 13,109
    VODAFONE GROUP 431 SHS    
    VODAFONE GROUP 593 SHS 17,354 14,938
    WABTEC 132 SHS 10,698 11,555
    WATERS CORP 70 SHS    
    WELLS FARGO & CO 325 SHS    
    WELLS FARGO & CO 465 SHS 13,767 15,894
    WHOLE FOODS 140 SHS 8,442 12,762
    WHOLE FOODS 67 SHS    
    VERIFONE SYSTEMS 143 SHS 5,893 4,244

    TY 2012 OtherProfessionalFeesSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 4,879      
    BANK FEE 108      


    TY 2012 TaxesSchedule
    Name:
    PATHFINDER FUND
    EIN: 34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 153