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
KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
 

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

75-6268622
B Telephone number (see instructions)

(800) 352-3705
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,672,896J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 5 5  
4 Dividends and interest from securities...... 38,578 37,805  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 21,726
b Gross sales price for all assets on line 6a 385,025
7 Capital gain net income (from Part IV, line 2)... 21,726
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,500    
12 Total. Add lines 1 through 11........ 65,809 59,536  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,610 13,207   4,402
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 20 0 0 20
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 6,158 835   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 11 11    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,799 14,053 0 4,422
25 Contributions, gifts, grants paid........ 119,750 119,750
26 Total expenses and disbursements. Add lines 24 and 25 143,549 14,053 0 124,172
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -77,740
b Net investment income (if negative, enter -0-) 45,483
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 63,283 48,537 48,537
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 49,400    
b Investments—corporate stock (attach schedule)........ 1,239,632 Click to see attachment1,169,399 1,221,369
c Investments—corporate bonds (attach schedule)........ 337,388 Click to see attachment101,594 106,147
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment287,924 296,843
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,689,703 1,607,454 1,672,896
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,689,703 1,607,454
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,689,703 1,607,454
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,689,703 1,607,454
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,689,703
2 Enter amount from Part I, line 27a..................... 2 -77,740
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,042
4 Add lines 1, 2, and 3.......................... 4 1,614,005
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 6,551
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,607,454
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 40. AFLAC INC COM   2011-06-13 2012-04-04
b 20. AFLAC INC COM   2011-06-13 2012-09-17
c 45. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009   2011-06-13 2012-04-04
d 24. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009   2011-06-13 2012-06-07
e 64. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009   2011-06-13 2012-07-05
72. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009   2011-06-13 2012-11-07
34. AFFLIATED MANAGERS GRP INC COM   2011-06-13 2012-01-24
15. AFFLIATED MANAGERS GRP INC COM   2011-06-13 2012-04-04
10. AFFLIATED MANAGERS GRP INC COM   2011-06-13 2012-09-17
3. ANHEUSER-BUSCH INBEV SPN ADR   2011-09-06 2012-07-05
30. ANHEUSER-BUSCH INBEV SPN ADR   2011-09-06 2012-11-15
10. APACHE CORP COM RTS EXP 01/31/2006   2011-06-13 2012-04-04
10. APACHE CORP COM RTS EXP 01/31/2006   2012-02-07 2012-09-17
5. APPLE COMPUTER INC COM   2011-06-13 2012-04-04
5. APPLE COMPUTER INC COM   2011-06-13 2012-04-11
5. APPLE COMPUTER INC COM   2011-06-13 2012-09-17
102. ARTISAN FDS INC INTL FD INVESTOR CLASS   2011-06-15 2012-04-16
715. ARTISAN FDS INC INTL FD INVESTOR CLASS   2011-06-15 2012-09-25
160. BAKER HUGHES INC COM   2011-06-13 2012-02-07
15. BERKSHIRE HATHAWAY INC.   2011-08-12 2012-04-04
10. BERKSHIRE HATHAWAY INC.   2011-08-12 2012-09-17
25. BHP LIMITED SPONS ADR COM   2011-06-13 2012-04-04
25. BOEING CO COM   2011-06-13 2012-04-04
58. CVS CORP COM   2011-06-13 2012-03-12
20. CVS CORP COM   2011-06-13 2012-04-04
20. CVS CORP COM   2011-06-13 2012-09-17
40. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2011-06-13 2012-04-04
30. CELANESE CORP   2011-06-13 2012-04-04
20. CELANESE CORP   2011-06-13 2012-09-17
5. CHEVRONTEXACO CORP COM   2012-02-07 2012-04-04
10. CHEVRONTEXACO CORP COM   2007-07-19 2012-04-04
10. CHEVRONTEXACO CORP COM   2007-07-19 2012-09-17
75. COMCAST CORP NEW CL A   2011-06-13 2012-04-04
20. COMCAST CORP NEW CL A   2011-06-13 2012-08-16
25. COMCAST CORP NEW CL A   2011-06-13 2012-09-17
20. CONOCOPHILLIPS COM   2011-06-13 2012-04-04
60. CONOCOPHILLIPS COM   2011-06-13 2012-04-19
324. CREDIT SUISSE COMM RET ST-I #2156   2011-06-15 2012-09-25
20. DIAGEO PLC SPONSORED ADR NEW   2011-06-13 2012-04-04
10. DIAGEO PLC SPONSORED ADR NEW   2011-06-13 2012-11-15
108. DIAMOND HILL LONG-SHORT FD CL I #11   2011-06-15 2012-04-16
15. DISNEY (WALT) COMPANY HOLDING COMPANY COM   2011-06-13 2012-04-04
15. DISNEY (WALT) COMPANY HOLDING COMPANY COM   2011-06-13 2012-08-16
15. DISNEY (WALT) COMPANY HOLDING COMPANY COM   2011-06-13 2012-09-17
525. DODGE & COX INT'L STOCK FD # 1048   2011-06-15 2012-09-25
487. DODGE & COX INCOME FD COM   2011-06-15 2012-04-16
10. E M C CORP MASS COM   2011-06-13 2012-04-04
30. E M C CORP MASS COM   2011-06-13 2012-09-17
293. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND   2011-06-15 2012-04-16
162. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND   2011-06-15 2012-09-25
20. GILEAD SCIENCES INC COM   2011-12-08 2012-04-04
15. GILEAD SCIENCES INC COM   2011-12-08 2012-09-17
10. GILEAD SCIENCES INC COM   2011-12-08 2012-09-25
5. GOLDMAN SACHS GRP INC COM   2011-06-13 2012-04-04
10. GOLDMAN SACHS GRP INC COM   2011-06-13 2012-09-17
2145.638 GOLDMAN SACHS GROWTH OPPORTUNITIES INSTITUTIONAL SHARES   2011-11-08 2012-04-16
20. HEWLETT-PACKARD CO COM   2011-06-13 2012-04-04
150. HEWLETT-PACKARD CO COM   2011-06-13 2012-08-30
1762. HUSSMAN STRATEGIC GROWTH FD   2011-06-15 2012-09-25
80. INTEL CORP COM   2011-06-13 2012-04-04
65. JP MORGAN CHASE & CO COM   2009-11-06 2012-04-04
25. JP MORGAN CHASE & CO COM   2009-11-06 2012-09-17
35. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004   2011-06-13 2012-04-04
30. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004   2011-06-13 2012-09-17
218. KEELEY SMALL CAP VAL FD CL I #2251   2011-11-08 2012-09-25
1307. LAUDUS MONDRIAN INTL FI-INST #2940   2011-06-15 2012-09-25
55. MICROSOFT CORP COM   2004-01-05 2012-04-04
10. NESTLE S A SPONSORED ADR REPSTG REG SH   2011-06-13 2012-04-04
25. NOVARTIS AG SPONSORED ADR   2011-06-13 2012-04-04
20. ORACLE CORP COM   2011-06-13 2012-04-04
609. PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL   2011-06-15 2012-04-16
1415. PIMCO FOREIGN BOND FUND-INST   2011-11-08 2012-09-25
252. RIDGEWORTH SEIX HY BD-I #5855   2011-06-15 2012-04-16
728.255 ROWE T PRICE SHORT TERM BD FD INC   2012-04-18 2012-09-25
252.745 ROWE T PRICE SHORT TERM BD FD INC   2011-06-15 2012-09-25
54. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-06-13 2012-04-16
128. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-06-13 2012-09-25
20. SCHLUMBERGER LTD COM   2011-06-13 2012-04-04
10. SCHLUMBERGER LTD COM   2011-06-13 2012-09-17
86. TCW GALILEO FDS INC SMALL CAP GROWTH FD   2011-06-15 2012-09-25
45. TJX COS INC NEW COM   2012-04-04 2012-04-11
20. TJX COS INC NEW COM   2012-04-04 2012-09-17
15. TARGET CORP COM   2011-06-13 2012-09-17
45. TEVA PHARMACEUTICAL INDS LTD ADR   2011-06-13 2012-04-04
30. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006   2011-06-13 2012-04-04
15. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006   2011-06-13 2012-09-17
20. 3M CO COM   2006-08-04 2012-04-04
10. 3M CO COM   2006-08-04 2012-09-17
15. TOTAL FINA ELF S A SPONSORED ADR   2012-07-05 2012-09-17
55. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011   2009-11-06 2012-04-04
25. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011   2009-11-06 2012-09-17
15. UNION PAC CORP COM   2011-06-13 2012-04-04
10. UNION PAC CORP COM   2011-06-13 2012-09-17
20. UNITED PARCEL SERVICE CL B COM   2011-08-12 2012-04-04
15. UNITED PARCEL SERVICE CL B COM   2011-08-12 2012-09-17
50000. US TREASURY BD DTD 8/15/2002 4.375% 08/1   2007-01-05 2012-08-15
30. UNITEDHEALTH GRP INC COM   2011-06-13 2012-04-04
72. VANGUARD REIT VIPER   2011-06-13 2012-04-16
50. VANGUARD REIT VIPER   2011-06-13 2012-09-25
60. VODAFONE GROUP PLC SPONSORED ADR   2011-06-13 2012-04-04
20. COOPER INDUSTRIES PLC NEW IRELAND   2008-12-12 2012-04-04
70. COOPER INDUSTRIES PLC NEW IRELAND   2008-12-12 2012-12-03
.235 EATON CORP PLC   2012-11-30 2012-12-17
(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 1,798   1,800 -2
b 981   900 81
c 2,768   2,320 448
d 1,472   1,237 235
e 4,147   3,299 848
4,650   3,712 938
3,447   3,247 200
1,699   1,433 266
1,265   955 310
235   159 76
2,474   1,588 886
975   1,158 -183
925   1,043 -118
3,111   1,632 1,479
3,125   1,632 1,493
3,486   1,632 1,854
2,295   2,252 43
16,931   15,787 1,144
8,177   11,315 -3,138
1,217   1,072 145
884   715 169
1,747   2,238 -491
1,843   1,825 18
2,632   2,173 459
888   749 139
936   749 187
2,212   1,999 213
1,353   1,396 -43
829   931 -102
529   535 -6
1,057   928 129
1,171   928 243
2,197   1,775 422
682   473 209
875   592 283
1,529   1,418 111
4,364   4,253 111
2,741   3,042 -301
1,931   1,656 275
1,141   828 313
1,908   1,805 103
643   580 63
754   580 174
781   580 201
17,336   18,506 -1,170
6,633   6,604 29
291   262 29
826   787 39
7,597   7,108 489
4,494   3,930 564
942   779 163
987   584 403
676   390 286
602   685 -83
1,198   1,369 -171
53,791   52,000 1,791
465   699 -234
2,514   5,242 -2,728
19,223   21,902 -2,679
2,226   1,709 517
2,883   2,800 83
1,025   1,077 -52
1,113   1,261 -148
859   1,081 -222
5,956   5,282 674
15,880   15,998 -118
1,717   1,547 170
616   629 -13
1,376   1,531 -155
580   631 -51
6,809   6,711 98
15,933   15,197 736
2,429   2,523 -94
3,539   3,532 7
1,228   1,231 -3
1,956   2,154 -198
5,075   5,106 -31
1,377   1,648 -271
770   824 -54
2,488   2,486 2
1,780   1,773 7
919   788 131
965   695 270
2,019   2,227 -208
1,667   1,875 -208
903   937 -34
1,756   1,393 363
937   697 240
812   677 135
1,723   1,300 423
855   591 264
1,631   1,502 129
1,269   1,001 268
1,598   1,307 291
1,112   980 132
50,000   49,400 600
1,771   1,484 287
4,553   4,218 335
3,295   2,122 1,173
1,653   1,570 83
1,260   543 717
5,556   1,900 3,656
12   12  
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       -2
b       81
c       448
d       235
e       848
      938
      200
      266
      310
      76
      886
      -183
      -118
      1,479
      1,493
      1,854
      43
      1,144
      -3,138
      145
      169
      -491
      18
      459
      139
      187
      213
      -43
      -102
      -6
      129
      243
      422
      209
      283
      111
      111
      -301
      275
      313
      103
      63
      174
      201
      -1,170
      29
      29
      39
      489
      564
      163
      403
      286
      -83
      -171
      1,791
      -234
      -2,728
      -2,679
      517
      83
      -52
      -148
      -222
      674
      -118
      170
      -13
      -155
      -51
      98
      736
      -94
      7
      -3
      -198
      -31
      -271
      -54
      2
      7
      131
      270
      -208
      -208
      -34
      363
      240
      135
      423
      264
      129
      268
      291
      132
      600
      287
      335
      1,173
      83
      717
      3,656
       
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 21,726
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 103,159 1,692,714 0.060943
2010 53,184 1,606,550 0.033104
2009 75,359 1,466,060 0.051402
2008 66,250 1,615,424 0.041011
2007 88,735 1,723,410 0.051488
2 Total of line 1, column (d) ...................... 2 0.237948
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 0.04759
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 1,626,096
5 Multiply line 4 by line 3....................... 5 77,386
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 455
7 Add lines 5 and 6......................... 7 77,841
8 Enter qualifying distributions from Part XII, line 4.............. 8 124,172
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 1 455
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 455
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 455
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 3,288
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,288
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,833
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet456 Refunded Bullet 11 2,377
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)
    bulletTX
    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
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK Telephone no.bullet (800) 352-3705
    Located atbullet1 W 4TH ST 2ND FLOORWINSTON SALEMNC ZIP+4bullet271013818
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    WELLS FARGO BANK TRUSTEE
    40     		17,610    
    1525 WEST WT HARRIS BLVD
    CHARLOTTE,NC282881161
    L D BYRD SECRETARY
    2     		0    
    RT 1 BOX 414
    GUNTER,TX75058
    LYNN GRAVLEY VICE PRES
    2     		0    
    PO BOX 414
    GUNTER,TX75058
    BARRY HARRIS BOARD MEMBER
    1     		0    
    P O BOX 534
    GUNTER,TX75058
    RON BOX BOARD MEMBER
    1     		0    
    PO BOX 109
    GUNTER,TX75058
    ROGER STREETMAN BOARD MEMBER
    1     		0    
    RT 1 BOX 727
    GUNTER,TX75058
    RUSTY ARRINGTON BOARD MEMBER
    1     		0    
    P O BOX 515
    GUNTER,TX75058
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,608,109
    b
    Average of monthly cash balances.......................
    1b
    42,750
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,650,859
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,650,859
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    24,763
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,626,096
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    81,305
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    81,305
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    455
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    455
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    80,850
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,500
    5
    Add lines 3 and 4............................
    5
    86,350
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    86,350
    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
    124,172
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    124,172
    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
    455
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    123,717
    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 86,350
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 0
    e From 2011....... 6,377
    fTotal of lines 3a through e......... 6,377
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 124,172
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 86,350
    e Remaining amount distributed out of corpus 37,822
    5 Excess distributions carryover applied to 2012. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 44,199
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		44,199
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 0
    d Excess from 2011.... 6,377
    e Excess from 2012.... 37,822
    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 or e-mail of the person to whom applications should be addressed:
    SUPERINTENDANT OF GUNTER ISD
    213 NORTH 8TH STREET
    GUNTER,TX75058
    (336) 747-8169
    bThe form in which applications should be submitted and information and materials they should include:
    GUNTER HIGH SCHOOL
    cAny submission deadlines:
    NONE SPECIFIED
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STUDENT MUST BE A DIST RESIDENT AND ATTEND GUNTER HIGH SCHOOL ENTIRE JUNIOR AND SENIOR YEAR. TRANSFER STUDNETS MUST ATTEND ENTIRE FOUR YEARS.
    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
    GUNTER ISD
    PO BOX 109
    GUNTER,TX75058     		NONE PUBLIC CHARITY SCHOLARSHIPS 119,750
    Total .................................bullet 3a 119,750
    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 5  
    4 Dividends and interest from securities....     14 38,578  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 21,726  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRECOVERIES     01 5,500  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   65,809  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1365,809
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Name of Bond End of Year Book Value End of Year Fair Market Value
    76628T645 RIDGEWORHT SEIX HIGH    
    880208400 TEMPLETON GLOBAL BD    
    018913400 ALLIANCEBERNSTEIN IN    
    091929760 BLACKROCK US OPP    
    349913889 FORWARD HOOVER SMALL    
    411511801 HARBOR INTERNATIONAL    
    487300808 KEELEY SMALL CAP    
    561717828 MANAGERS EMERGING    
    04315J837 ARTIO INTERNATIONAL    
    191219BV5 COCA-COLA ENTERPRISE 25,363 26,860
    20825CAT1 CONOCOPHILLIPS 25,700 27,018
    256210105 DODGE & COX INCOME F    
    261980494 DREYFUS EMG MKT DEBT    
    369604AY9 GENERAL ELECTRIC COM 25,470 25,095
    51855Q655 LAUDUS MONDRIAN INTL    
    693390700 PIMCO TOTAL RET FD-I    
    693390882 PIMCO FOREIGN BD FD    
    74005PAQ7 PRAXAIR INC 25,061 27,174
    77957P105 T ROWE PRICE SHORT T    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Name of Stock End of Year Book Value End of Year Fair Market Value
    778296103 ROSS STORES INC    
    824348106 SHERWIN WILLIAMS CO    
    948626106 WEIGHT WATCHERS INC    
    713448108 PEPSICO INC    
    742718109 PROCTER & GAMBLE CO    
    931142103 WAL MART STORES    
    81369Y506 AMEX ENERGY SELECT    
    166764100 CHEVRON CORP 7,423 8,651
    30231G102 EXXON MOBIL    
    025816109 AMERICAN EXPRESS    
    084670702 BERKSHIRE HATHAWAY I 6,652 9,239
    46625H100 JPMORGAN CHASE & CO 7,805 8,046
    857477103 STATE STREET CORP    
    902973304 US BANCORP DEL NEW 4,728 6,388
    532457108 ELI LILLY & CO    
    478160104 JOHNSON & JOHNSON    
    703395103 PATTERSON CO    
    717081103 PFIZER INC    
    941848103 WATERS CORP    
    053611109 AVERY DENNISON CORP    
    384802104 GRAINGER W W    
    452308109 ILLINOIS TOOL WORKS    
    88579Y101 3M CO 4,527 6,035
    81369Y803 AMEX TECHNOLOGY    
    459200101 INTERNATIONAL BUS    
    594918104 MICROSOFT CORP 4,853 4,941
    959802109 WESTERN UNION    
    810186106 THE SCOTTS MIRACLE    
    816851109 SEMPRA ENERGY    
    G24140108 COOPER INDUSTRIES PL    
    83175M205 SMITH & NEPHEW PLC    
    729251108 PLUM CREEK TIMBER    
    78464A607 SPDR DOW JONES    
    001055102 AFLAC INC 4,724 5,578
    002824100 ABBOTT LABS    
    008252108 AFFILIATED MANAGERS 5,059 7,158
    03524A108 ANHEUSER-BUSCH INBEV 4,395 7,255
    037411105 APACHE CORP 8,447 6,123
    037833100 APPLE INC 7,508 12,240
    04314H204 ARTISAN INTERNATIONA 89,020 99,140
    057224107 BAKER HUGHES INC COM    
    088606108 BHP BILLITON LIMITED 5,818 5,097
    097023105 BOEING CO 5,475 5,652
    126650100 CVS/CAREMARK CORPORA 4,609 5,947
    14040H105 CAPITAL ONE FINANCIA 5,248 6,083
    150870103 CELANESE CORP 3,903 4,097
    17275R102 CISCO SYSTEMS INC 7,195 8,999
    20030N101 COMCAST CORP CLASS A 4,971 7,846
    20825C104 CONOCOPHILLIPS    
    22544R305 CREDIT SUISSE COMM R 90,658 79,232
    25243Q205 DIAGEO PLC - ADR 4,388 6,179
    25264S833 DIAMOND HILL LONG-SH 62,158 66,719
    254687106 WALT DISNEY CO 6,182 7,966
    256206103 DODGE & COX INT'L ST 100,610 99,512
    268648102 E M C CORP MASS 4,961 4,782
    339128100 JP MORGAN MID CAP VA 40,762 47,066
    375558103 GILEAD SCIENCES INC 3,273 6,170
    38141G104 GOLDMAN SACHS GROUP 4,108 3,827
    38142Y401 GOLDMAN SACHS GRTH O    
    428236103 HEWLETT PACKARD CO    
    448108100 HUSSMAN STRATEGIC GR 47,973 41,629
    458140100 INTEL CORP 5,342 5,155
    478366107 JOHNSON CONTROLS INC 6,155 5,551
    487300808 KEELEY SMALL CAP VAL 39,833 54,534
    589509108 MERGER FD SH BEN INT 33,980 33,294
    641069406 NESTLE S.A. REGISTER 6,482 6,713
    66987V109 NOVARTIS AG - ADR 4,591 4,748
    68389X105 ORACLE CORPORATION 6,310 6,664
    683974505 OPPENHEIMER DEVELOPI 70,868 72,631
    78463X863 SPDR DJ WILSHIRE INT 67,820 70,295
    806857108 SCHLUMBERGER LTD 8,221 6,999
    87234N849 TCW SMALL CAP GROWTH 51,314 47,742
    87612E106 TARGET CORP 5,563 7,100
    881624209 TEVA PHARMACEUTICAL 6,930 5,228
    883556102 THERMO FISHER SCIENT 5,624 5,740
    907818108 UNION PACIFIC CORP 7,811 9,806
    911312106 UNITED PARCEL SERVIC 3,985 4,498
    91324P102 UNITEDHEALTH GROUP I 6,480 7,105
    922042858 VANGUARD MSCI EMERGI 74,882 73,118
    922908553 VANGUARD REIT VIPER 58,488 66,458
    92857W209 VODAFONE GROUP PLC N 4,449 4,282
    04314H600 ARTISAN MID CAP FUND 58,200 55,351
    12572Q105 CME GROUP INC 6,727 6,334
    367829884 GATEWAY FUND - Y #19 41,983 41,313
    38259P508 GOOGLE INC 6,587 7,781
    58155Q103 MCKESSON CORP 5,690 5,818
    611740101 MONSTER BEVERAGE COR 2,671 3,170
    872540109 TJX COS INC NEW 5,122 5,519
    89151E109 TOTAL S.A. - ADR 4,740 5,461
    G29183103 EATON CORP PLC 5,118 5,364

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME F AT COST 38,558 38,916
    261980494 DREYFUS EMG MKT DEBT AT COST 80,630 84,587
    51855Q655 LAUDUS MONDRIAN INTL AT COST 15,151 14,415
    693390700 PIMCO TOTAL RET FD-I AT COST 45,276 44,580
    693390882 PIMCO FOREIGN BD FD AT COST 14,403 14,470
    76628T645 RIDGEWORTH SEIX HY B AT COST 86,138 92,107
    77957P105 T ROWE PRICE SHORT T AT COST 7,768 7,768

    TY 2012 LegalFeesSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 20     20


    TY 2012 OtherDecreasesSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Description Amount
    MUTUAL FUND POSTING DATE AFTER TYE 5,832
    RETURN OF CAPITAL ADJUSTMENT 719


    TY 2012 OtherExpensesSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 11 11   0


    TY 2012 OtherIncomeSchedule2
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRIOR YEAR RECOVERIES 5,500 0  


    TY 2012 OtherIncreasesSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Description Amount
    MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE 1,688
    ROUNDING 23
    DISALLOWED WASH SALES 331


    TY 2012 TaxesSchedule
    Name:
    KERFOOT SCHOLARSHIP FOUNDATION 496-3420025703
    EIN: 75-6268622
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 274 274   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,035 0   0
    FEDERAL ESTIMATES - PRINCIPAL 3,288 0   0
    FOREIGN TAXES ON QUALIFIED FOR 398 398   0
    FOREIGN TAXES ON NONQUALIFIED 163 163   0