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
EUGENE M CLARY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 669065   Room/suite
City or town, state, and ZIP code
MARIETTA, GA30066
A Employer identification number

58-2310406
B Telephone number (see instructions)

(770) 993-3562
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$8,707,014J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 315,976 315,976  
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 12,932
b Gross sales price for all assets on line 6a 12,064,930
7 Capital gain net income (from Part IV, line 2)...  
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........ 328,908 315,976  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 172,014 84,607   85,607
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 8,400 840   840
c Other professional fees (attach schedule).... Click to see attachment 67,267 67,267    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,579      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,946 4,469   477
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 256,206 157,183   86,924
25 Contributions, gifts, grants paid........ 436,256 436,256
26 Total expenses and disbursements. Add lines 24 and 25 692,462 157,183   523,180
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -363,554
b Net investment income (if negative, enter -0-) 158,793
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 349,902 660 660
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)........ 7,297,845 Click to see attachment7,337,274 7,489,174
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,186,020 Click to see attachment1,186,020 1,217,180
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) 8,833,767 8,523,954 8,707,014
Liabilities 17 Accounts payable and accrued expenses..........   93,051
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment52,900 Click to see attachment13,590
23 Total liabilities (add lines 17 through 22).......... 52,900 106,641
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 8,780,867 8,417,313
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,780,867 8,417,313
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,833,767 8,523,954
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 8,780,867
2 Enter amount from Part I, line 27a..................... 2 -363,554
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 8,417,313
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 8,417,313
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  
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 220,107 8,700,267 0.025299
2010 284,324 9,350,411 0.030408
2009 341,514 8,009,412 0.042639
2008 340,000 8,913,093 0.038146
2007 75,000 3,551,601 0.021117
2 Total of line 1, column (d) ...................... 2 0.157609
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 0.031522
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 8,616,967
5 Multiply line 4 by line 3....................... 5 271,624
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,588
7 Add lines 5 and 6......................... 7 273,212
8 Enter qualifying distributions from Part XII, line 4.............. 8 523,180
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,588
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,588
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,588
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 6,381
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 6,381
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,793
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet4,793 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
 
 
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)
    bulletGA
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletMARY TEAGUE Telephone no.bullet (770) 993-8190
    Located atbullet4701 POST OAK TRITT ROADMARIETTAGA ZIP+4bullet30062
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
     
    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
    KENNETH B CLARYClick to see attachment CEO & TRUSTE
    10.00     		162,014 0 0
    PO BOX 669065
    MARIETTA,GA30066
    JEAN CLARYClick to see attachment TRUSTEE
    1.00     		2,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    NANCY LEE OXFORDClick to see attachment TRUSTEE
    1.00     		2,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    MARY S TEAGUEClick to see attachment SEC / TREAS
    10.00     		6,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    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
    8,373,581
    b
    Average of monthly cash balances.......................
    1b
    374,609
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,748,190
    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
    8,748,190
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    131,223
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,616,967
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    430,848
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    430,848
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,588
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,588
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    429,260
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    429,260
    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
    429,260
    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
    523,180
    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
    523,180
    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
    1,588
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    521,592
    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 7 429,260
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 428,513
    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$ 523,180
    a Applied to 2011, but not more than line 2a 428,513
    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..... 94,667
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		334,593
    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 ......     		 
    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....  
    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
    AMBASSADORS FOR CHRIST
    1355 TERRELL MILL RD BLD
    MARIETTA,GA30067     		  509(A)(1) CHARITABLE 6,500
    AMERICAN CANCER SOCIETY
    250 WILLIAMS STREET NW
    ATLANTA,GA30303     		  509(A)(1) CHARITABLE 15,000
    ASIAN BREAD OF LIFE FOUNDATION
    215 E 74TH TERRACE
    KANSAS CITY,MO64114     		  509(A)(1) CHARITABLE 4,000
    BIBLE BAPTIST CHURCH
    1485 HWY 34E
    NEWNAN,GA30265     		  CHURCH CHARITABLE 41,000
    BIBLE BROADCASTING NETWORK
    11530 CARMEL COMMONS BLVD
    CHARLOTTE,NC28226     		  509(A)(1) CHARITABLE 5,000
    CHRISTIAN BUSINESS MEN'S CONNECTION
    5746 MARLIN RD STE 602
    CHATTANOOGA,TN37411     		  509(A)(1) CHARITABLE 3,000
    COACH'S CORNER
    2799 NORTHSIDE DR NW
    ATLANTA,GA303052805     		  509(A)(1) CHARITABLE 8,700
    CO LABORERS INTL INC
    PO BOX 2012
    SOUTH HACKENSACK,NJ07606     		  509(A)(1) CHARITABLE 5,000
    EASTWOOD BAPTIST CHURCH
    1150 ALLGOOD ROAD
    MARIETTA,GA30062     		  CHURCH CHARITABLE 1,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 1063
    STOCKBRIDGE,GA30281     		  509(A)(1) CHARITABLE 4,000
    A FRIEND TO CHURCHES MINISTRY
    3166 WILDWOOD CIRCLE
    MASSILLON,OH44646     		  509(A)(1) CHARITABLE 1,500
    FRIENDS OF GA ARCHIVES
    PO BOX 711
    MORROW,GA302600711     		  509(A)(1) CHARITABLE 4,000
    GEORGIA TECH FCA
    PO BOX 79102
    ATLANTA,GA30357     		  509(A)(1) CHARITABLE 4,000
    GREAT COMMISSION MINISTRIES
    77 EAST CROSSVILLE ROAD
    ROSWELL,GA30075     		  509(A)(1) CHARITABLE 4,000
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC200024999     		  509(A)(1) CHARITABLE 500
    HOPE CHRISTIAN HOME & ACADEMY
    865 SWEATMAN ROAD
    DUCK HILL,MS38925     		  509(A)(1) CHARITABLE 6,000
    INPRINT INC
    P O BOX 76147
    ATLANTA,GA303581147     		  509(A)(1) CHARITABLE 14,056
    MONGOLIA MISSIONS
    PO BOX 189
    WINCHESTER,OH45697     		  509(A)(1) CHARITABLE 3,000
    MUST MINISTRIES
    1407 COBB PARKWAY N
    MARIETTA,GA30061     		  509(A)(1) CHARITABLE 2,000
    NEW TRIBES MISSION
    1000 EAST FIRST STREET
    SANFORD,FL327711487     		  509(A)(1) CHARITABLE 4,000
    NORTH FORSYTH EQUESTRIAN
    2659 FREEDOM PARKWAY
    CUMMING,GA300419177     		  509(A)(1) CHARITABLE 1,500
    ORLANDO BAPTIST CHURCH
    500 S SEMORAN BLVD
    ORLANDA,FL32807     		  CHURCH CHARITABLE 1,500
    OUR FATHER'S ARMS
    PO BOX 1158
    JACKSONVILLE,AL36265     		  509(A)(1) CHARITABLE 4,500
    PROJECT WALK
    1755 GRASSLAND PARKWAY S
    ALPHARETTA,GA30004     		  509(A)(1) CHARITABLE 1,000
    PUBLIC BROADCASTING PBA-30
    740 BISMARK RD NE
    ATLANTA,GA30324     		  509(A)(1) CHARITABLE 3,000
    ROLOFF EVANGELISTIC ENTERPRISES
    PO BOX 1177
    CORPUS CHRISTI,TX78403     		  509(A)(1) CHARITABLE 4,000
    ROOPVILLE ROAD BAPTIST CHURCH
    835 N HWY 27
    ROOPVILLE,GA30170     		  CHURCH CHARITABLE 2,000
    THE SCHWAB CHARITABLE FUND
    211 MAIN STREET
    SAN FRANCISCO,CA94105     		  509(A)(1) CHARITABLE 92,000
    SOS MINISTRIES USA
    PO BOX 189
    DOVER,FL33527     		  509(A)(1) CHARITABLE 8,500
    SWORD OF THE LORD FOUNDATION
    P O BOX 1099
    MURFREESBORO,TN37133     		  509(A)(1) CHARITABLE 20,500
    TENDER MERCY MINISTRIES
    PO BOX 567524
    ATLANTA,GA311567524     		  509(A)(1) CHARITABLE 6,000
    THE GOSPEL HOUR
    PO BOX 2024
    GREENVILLE,SC29602     		  509(A)(1) CHARITABLE 3,000
    UNIVERSITY BAPTIST CHURCH
    1375 FERNWOOD CIRCLE NE
    ATLANTA,GA30319     		  CHURCH CHARITABLE 27,500
    VISION ATLANTACAMP GRACE
    2559 WALKERS CHAPEL RD
    ROBERTA,GA31078     		  509(A)(1) CHARITABLE 5,000
    LANCASTER BAPTIST CHURCH- WEST COAS
    4010 E LANCASTER BLVD
    LANCASTER,CA93535     		  509(A)(1) CHARITABLE 120,000
    Total .................................bullet 3a 436,256
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 315,976  
    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         12,932
    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)..   315,976 12,932
    13Total. Add line 12, columns (b), (d), and (e)..................
    13328,908
    (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:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX PREPARATION F 8,400 840   840

    TY 2012 CompensationExplanation
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Person Name Explanation
    KENNETH B CLARY  
    JEAN CLARY  
    NANCY LEE OXFORD  
    MARY S TEAGUE  

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CHEMED CORP NEW, 0 SHARES 2011-11 PURCHASE 2011-11   24,927 27,526     -2,599  
    VERTEX PHARMACEUTICAL INC, 0 SHARES 2011-11 PURCHASE 2011-11   27,974 37,500     -9,526  
    ISHARES TRUST RUSSELL 2000 (WASH SAL 2012-04 PURCHASE 2012-05   816,274 825,524     -9,250  
    CITRIX SYSTEMS, 680 SHARES 2012-06 PURCHASE 2012-06   49,506 54,540     -5,034  
    CORE LABORATORIES, 400 SHARES 2012-06 PURCHASE 2012-06   50,149 46,396     3,753  
    GENESCO INC, 780 SHARES 2012-06 PURCHASE 2012-06   50,035 48,679     1,356  
    KENEXA CORP, 1860 SHARES 2012-06 PURCHASE 2012-06   50,230 44,560     5,670  
    SALESFORCE.COM INC, 375 SHARES 2012-06 PURCHASE 2012-06   50,282 50,177     105  
    SOLARWINDS INC, 1180 SHARES 2012-06 PURCHASE 2012-06   50,120 50,271     -151  
    VMWARE INC, 555 SHARES 2012-06 PURCHASE 2012-06   50,304 48,652     1,652  
        PURCHASE                
    PUTNAM EQUITY SPECTRUM, 22641 SHARES 2010-11 PURCHASE 2012-04   659,569 525,498     134,071  
        PURCHASE                
    ISHARES BARCLYS 1-3 YEAR, 1600 SHARE 2011-03 PURCHASE 2012-03   134,910 134,480     430  
    ISHARES BARCLYS 1-3 YEAR, 1500 SHARE 2011-09 PURCHASE 2012-03   126,478 126,900     -422  
    ISHARES BARCLYS 1-3 YEAR, 2000 SHARE 2011-10 PURCHASE 2012-03   168,637 168,815     -178  
        PURCHASE                
    PUTNAM ABSOLUTE RETURN - 300 FUND, 3 2011-10 PURCHASE 2012-03   414,861 410,903     3,958  
        PURCHASE                
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-03 PURCHASE 2012-07   364,633 368,581     -3,948  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-04 PURCHASE 2012-07   552 560     -8  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-05 PURCHASE 2012-07   1,732 1,764     -32  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-06 PURCHASE 2012-07   1,760 1,782     -22  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-07 PURCHASE 2012-07   892 895     -3  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-08 PURCHASE 2012-07   1,903 1,909     -6  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-09 PURCHASE 2012-07   1,979 1,882     97  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-10 PURCHASE 2012-07   1,645 1,565     80  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-11 PURCHASE 2012-07   1,643 1,610     33  
    HARTFORD MUTUAL FUND FLOATING RATE F 2011-12 PURCHASE 2012-07   1,606 1,559     47  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-01 PURCHASE 2012-07   1,679 1,635     44  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-02 PURCHASE 2012-07   1,634 1,619     15  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-03 PURCHASE 2012-07   1,529 1,526     3  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-04 PURCHASE 2012-07   1,649 1,650     -1  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-05 PURCHASE 2012-07   1,586 1,593     -7  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-06 PURCHASE 2012-07   1,124 1,114     10  
    HARTFORD MUTUAL FUND FLOATING RATE F 2012-07 PURCHASE 2012-07   1,061 1,056     5  
        PURCHASE                
    LORD ABBETT INVESTMENT, 39270.304 SH 2011-03 PURCHASE 2012-07   362,072 367,177     -5,105  
    LORD ABBETT INVESTMENT, 61.165 SHARE 2011-04 PURCHASE 2012-07   564 574     -10  
    LORD ABBETT INVESTMENT, 171.815 SHAR 2011-05 PURCHASE 2012-07   1,584 1,615     -31  
    LORD ABBETT INVESTMENT, 214.167 SHAR 2011-06 PURCHASE 2012-07   1,975 2,005     -30  
    LORD ABBETT INVESTMENT, 101.933 SHAR 2011-07 PURCHASE 2012-07   940 948     -8  
    LORD ABBETT INVESTMENT, 193.714 SHAR 2011-08 PURCHASE 2012-07   1,786 1,800     -14  
    LORD ABBETT INVESTMENT, 219.849 SHAR 2011-09 PURCHASE 2012-07   2,027 1,941     86  
    LORD ABBETT INVESTMENT, 188.377 SHAR 2011-10 PURCHASE 2012-07   1,737 1,663     74  
    LORD ABBETT INVESTMENT, 176.439 SHAR 2011-11 PURCHASE 2012-07   1,627 1,602     25  
    LORD ABBETT INVESTMENT, 168.584 SHAR 2011-12 PURCHASE 2012-07   1,554 1,512     42  
    LORD ABBETT INVESTMENT, 185.151 SHAR 2012-01 PURCHASE 2012-07   1,707 1,666     41  
    LORD ABBETT INVESTMENT, 182.964 SHAR 2012-02 PURCHASE 2012-07   1,682 1,673     9  
    LORD ABBETT INVESTMENT, 185.29 SHARE 2012-03 PURCHASE 2012-07   1,708 1,708        
    LORD ABBETT INVESTMENT, 198.026 SHAR 2012-04 PURCHASE 2012-07   1,826 1,830     -4  
    LORD ABBETT INVESTMENT, 185.487 SHAR 2012-05 PURCHASE 2012-07   1,710 1,719     -9  
    LORD ABBETT INVESTMENT, 196.266 SHAR 2012-06 PURCHASE 2012-07   1,810 1,796     14  
    LORD ABBETT INVESTMENT, 181.65 SHARE 2012-07 PURCHASE 2012-07   1,675 1,666     9  
        PURCHASE                
    FT 2726 STRATEGIC INCOME, 52476 SHAR 2010-12 PURCHASE 2012-03   495,190 499,031     -3,841  
        PURCHASE                
    FT 2789 CONV & INCOME, 50796 SHARES 2011-03 PURCHASE 2012-03   439,106 500,000     -60,894  
        PURCHASE                
    FT 2665 SR AND LN AND, 51073 SHARES 2011-06 PURCHASE 2012-03   464,458 500,010     -35,552  
        PURCHASE                
    FT 3029 INCOME ALLOC, 53821 SHARES 2011-08 PURCHASE 2012-03   522,096 500,002     22,094  
        PURCHASE                
    FT 3079 INCOME ALLOCATN, 53150 SHARE 2011-09 PURCHASE 2012-03   529,735 499,993     29,742  
        PURCHASE                
    FT 3189 INCOME ALLCATN, 50937 SHARES 2011-11 PURCHASE 2012-03   525,420 500,003     25,417  
        PURCHASE                
    FT 3209 INCOME ALLCATN, 50253 SHARES 2011-12 PURCHASE 2012-03   523,802 499,997     23,805  
        PURCHASE                
    INTREPID SMALL CAP, 16077.17 SHARES 2012-03 PURCHASE 2012-04   243,582 250,000     -6,418  
    NEUBERGER BERMAN, 54632.867 SHARES 2012-03 PURCHASE 2012-04   619,537 625,000     -5,463  
    PRUDENTIAL JENNISON, 35385.704 SHARE 2012-03 PURCHASE 2012-04   494,682 500,000     -5,318  
        PURCHASE                
    SENTINEL GOVT SECS FD CL A, 0 SHARES 2012-04 PURCHASE 2012-10   100,000 99,354     646  
        PURCHASE                
    ISHARES SILVER TR, 2500 SHARES 2011-08 PURCHASE 2012-05   72,248 101,219     -28,971  
    ISHARES SILVER TR, 3000 SHARES 2011-09 PURCHASE 2012-05   86,698 96,360     -9,662  
    ISHARES SILVER TR, 3000 SHARES 2011-11 PURCHASE 2012-05   86,698 100,223     -13,525  
        PURCHASE                
    BLACKROCK GLOBAL, 25406.504 SHARES 2012-03 PURCHASE 2012-04   493,140 500,000     -6,860  
    FIRST EAGLE GLOBAL, 12682.63 SHARES 2012-03 PURCHASE 2012-04   612,191 625,000     -12,809  
    IVY ASSET STRATEGY, 19485.581 SHARES 2012-03 PURCHASE 2012-04   491,621 500,000     -8,379  
    PERMANENT PORTFOLIO FUND, INC, 15331 2012-03 PURCHASE 2012-04   736,355 750,000     -13,645  
    SENTINEL CONSERVATIVE, 40032.026 SHA 2012-03 PURCHASE 2012-04   495,997 500,000     -4,003  
    PUTNAM ABSOLUTE RETURN - 700 FUND, 4 2010-06 PURCHASE 2013-03   531,527 516,793     14,734  
        PURCHASE                
    GOLDMAN SACHS ABSOLUTE, 0 SHARES 2010-05 PURCHASE 2012-01     3,390     -3,390  
    GOLDMAN SACHS ABSOLUTE, 0 SHARES 2011-12 PURCHASE 2012-01     7     -7  

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TESSCO TECHNOLOGIES, 2000 SHARES 38,582 44,280
    FIRST TR SR FL II, 7000 SHARES 90,507 106,190
    FIRST TR SR FL II, 35 SHARES 507 531
    FIRST TR SR FL II, 35 SHARES 517 531
    FIRST TR SR FL II, 37 SHARES 538 561
    FIRST TR SR FL II, 37 SHARES 547 561
    FIRST TR SR FL II, 40 SHARES 565 607
    FIRST TR SR FL II, 39 SHARES 574 592
    FIRST TR SR FL II, 40 SHARES 601 607
    FIRST TR SR FL II, 41 SHARES 634 622
    FIRST TR SR FL II, 41 SHARES 624 622
    FIRST TR SR FL II, 43 SHARES 630 652
    FIRST TR SR FL II, 42 SHARES 634 637
    POWERSHARES EXCHANGE TRADED FD TR ZA 66,534 87,191
    POWERSHARE FIN PFD, 20000 SHARES 322,400 365,580
    POWERSHARE FIN PFD, 6000 SHARES 96,780 109,674
    POWERSHARE FIN PFD, 3900 SHARES 62,946 71,288
    POWERSHARE FIN PFD, 100 SHARES 1,615 1,828
    POWERSHARE FIN PFD, 388 SHARES 6,826 7,092
    POWERSHARE FIN PFD, 188 SHARES 3,374 3,436
    POWERSHARE FIN PFD, 190 SHARES 3,391 3,473
    POWERSHARE FIN PFD, 192 SHARES 3,376 3,510
    POWERSHARE FIN PFD, 188 SHARES 3,412 3,436
    POWERSHARE FIN PFD, 187 SHARES 3,429 3,418
    POWERSHARE FIN PFD, 176 SHARES 3,244 3,217
    POWERSHARE FIN PFD, 177 SHARES 3,265 3,235
    POWERSHARE FIN PFD, 178 SHARES 3,300 3,254
    POWERSHARE FIN PFD, 196 SHARES 3,607 3,583
    POWERSHARE FIN PFD, 233 SHARES 4,254 4,259
    WESTERN ASSET HIGH YIELD, 6000 SHARE 104,984 109,980
    WESTERN ASSET HIGH YIELD, 6000 SHARE 105,488 109,980
    WESTERN ASSET HIGH YIELD, 92 SHARES 1,747 1,686
    WESTERN ASSET HIGH YIELD, 94 SHARES 1,771 1,723
    WESTERN ASSET HIGH YIELD, 90 SHARES 1,773 1,650
    WESTERN ASSET HIGH YIELD, 97 SHARES 1,794 1,778
    WESTERN ASSET HIGH YIELD, 99 SHARES 1,812 1,815
    WESTERN ASSET HIGH YIELD, 95 SHARES 1,805 1,741
    WESTERN ASSET HIGH YIELD, 94 SHARES 1,809 1,723
    WESTERN ASSET HIGH YIELD, 93 SHARES 1,835 1,705
    WESTERN ASSET HIGH YIELD, 93 SHARES 1,848 1,705
    WESTERN ASSET HIGH YIELD, 98 SHARES 1,860 1,796
    WESTERN ASSET HIGH YIELD, 102 SHARES 1,874 1,870
    WESTERN ASSET HIGH YIELD, 100 SHARES 1,825 1,833
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    HARTFORD MUTUAL FUND FLOATING RATE F    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    LORD ABBETT INVESTMENT, 0 SHARES    
    MFS EMERGING MARKETS, 32873.11 SHARE 499,967 537,804
    MFS EMERGING MARKETS, 8.79 SHARES 134 144
    MFS EMERGING MARKETS, 135.13 SHARES 2,072 2,211
    MFS EMERGING MARKETS, 140.263 SHARES 2,080 2,295
    MFS EMERGING MARKETS, 137.337 SHARES 2,089 2,247
    MFS EMERGING MARKETS, 41454.082 SHAR 650,000 678,189
    MFS EMERGING MARKETS, 175.679 SHARES 2,765 2,874
    MFS EMERGING MARKETS, 287.445 SHARES 4,570 4,703
    MFS EMERGING MARKETS, 284.609 SHARES 4,588 4,656
    MFS EMERGING MARKETS, 284.63 SHARES 4,605 4,657
    MFS EMERGING MARKETS, 282.559 SHARES 4,623 4,623
    MFS EMERGING MARKETS, 496.55 SHARES 8,133 8,124
    SENTINEL SHORT, 282916.213 SHARES 2,600,000 2,557,563
    SENTINEL SHORT, 493.1 SHARES 4,527 4,458
    SENTINEL SHORT, 465.114 SHARES 4,251 4,205
    SENTINEL SHORT, 466.899 SHARES 4,258 4,221
    SENTINEL SHORT, 436.011 SHARES 3,981 3,942
    SENTINEL SHORT, 468.893 SHARES 4,272 4,239
    SENTINEL SHORT, 407.943 SHARES 3,708 3,688
    SENTINEL SHORT, 408.526 SHARES 3,714 3,693
    SENTINEL SHORT, 441.552 SHARES 4,005 3,992
    SENTINEL SHORT, 412.009 SHARES 3,725 3,725
    SENTINEL GOVT SECS FD CL A, 232186.2 2,500,643 2,512,255
    SENTINEL GOVT SECS FD CL A, 650.04 S 7,001 7,033
    SENTINEL GOVT SECS FD CL A, 607.403 6,536 6,572
    SENTINEL GOVT SECS FD CL A, 518.234 5,581 5,607
    SENTINEL GOVT SECS FD CL A, 492.19 S 5,350 5,326
    SENTINEL GOVT SECS FD CL A, 564.595 6,092 6,109
    SENTINEL GOVT SECS FD CL A, 450.635 4,885 4,876
    SENTINEL GOVT SECS FD CL A, 305.238 3,297 3,303
    SENTINEL GOVT SECS FD CL A, 436.216 4,715 4,720
    SENTINEL GOVT SECS FD CL A, 1078.944 11,631 11,668
    FT 2726 STRATEGIC INCOME, 0 SHARES    
    FT 2789 CONV & INCOME, 0 SHARES    
    FT 2665 SR AND LN AND, 0 SHARES    
    FT 3029 INCOME ALLOC, 0 SHARES    
    FT 3079 INCOME ALLOCATN, 0 SHARES    
    FT 3189 INCOME ALLCATN, 0 SHARES    
    FT 3209 INCOME ALLCATN, 0 SHARES    
    ISHARES BARCLYS 1-3 YEAR, 0 SHARES    
    ISHARES BARCLYS 1-3 YEAR, 0 SHARES    
    ISHARES BARCLYS 1-3 YEAR, 0 SHARES    
    PUTNAM ABSOLUTE RETURN - 700 FUND, 0    
    PUTNAM EQUITY SPECTRUM, 0 SHARES    
    PUTNAM ABSOLUTE RETURN - 300 FUND, 0    
    ISHARES SILVER TR, 0 SHARES    
    ISHARES SILVER TR, 0 SHARES    
    ISHARES SILVER TR, 0 SHARES    
    GOLDMAN SACHS ABSOLUTE, 0 SHARES    
    PUTNAM DIVERSIFIED. 0 SHARES    
    ROUNDING 38  

    TY 2012 InvestmentsOtherSchedule2
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLD COINS AT COST 86,020 86,020
    ANNUITY FMV 1,100,000 1,131,160

    TY 2012 OtherExpensesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 4,769 4,292   477
    OTHER EXPENSE 177 177    


    TY 2012 OtherLiabilitiesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Beginning of Year - Book Value End of Year - Book Value
    BORROWED SECURITIES 52,900 13,590


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 67,267 67,267    


    TY 2012 TaxesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 3,579