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
FREAS FOUNDATION MAN AGY 1871001360
 

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

22-1714810
B Telephone number (see instructions)

(215) 412-8572
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$3,496,916J 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 151 151  
4 Dividends and interest from securities...... 90,540 92,376  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 53,271
b Gross sales price for all assets on line 6a 923,943
7 Capital gain net income (from Part IV, line 2)... 53,271
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 143,962 145,798  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 500      
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) 6,677 650   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)....... 14,894 14,014    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,071 14,664 0 0
25 Contributions, gifts, grants paid........ 162,337 162,337
26 Total expenses and disbursements. Add lines 24 and 25 184,408 14,664 0 162,337
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -40,446
b Net investment income (if negative, enter -0-) 131,134
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............... 10,667 7,681 7,681
2 Savings and temporary cash investments.......... 36,477 73,088 73,088
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   800 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........... 142 111 111
10a Investments—U.S. and state government obligations (attach schedule) 539,215 Click to see attachment577,662 600,680
b Investments—corporate stock (attach schedule)........ 1,487,988 Click to see attachment1,297,861 1,641,381
c Investments—corporate bonds (attach schedule)........ 379,730 Click to see attachment389,005 409,024
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 605,412 Click to see attachment671,774 764,951
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) 3,060,431 3,017,182 3,496,916
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......... 3,060,431 3,017,182
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).................... 3,060,431 3,017,182
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,060,431 3,017,182
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 3,060,431
2 Enter amount from Part I, line 27a..................... 2 -40,446
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,019,985
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,803
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,017,182
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 165. AGCO CORP COM   2012-01-25 2012-09-05
b 50. AT&T INC COM   2011-09-20 2012-02-08
c 355. AT&T INC COM   2011-04-07 2012-02-08
d 45. AT&T INC COM   2011-03-15 2012-08-27
e 175. AT&T INC COM   2011-09-20 2012-08-27
115. ADTRAN INC COM   2012-01-25 2012-09-05
135. ADTRAN INC COM   2010-09-13 2012-09-05
25. ADVANCE AUTO PARTS INC   2011-09-20 2012-11-02
300. AEROPOSTALE INC COM   2010-09-13 2012-01-25
20000. ALLSTATE LIFE GL DTD 04/24/2008 5.375% 0   2011-04-15 2012-07-18
275. ALTERA CORPORATION COM   2011-03-15 2012-02-08
110. ALTERA CORPORATION COM   2011-03-15 2012-04-13
195. ALTERA CORPORATION COM   2011-03-15 2012-05-29
515. ALTERA CORPORATION COM   2010-11-29 2012-05-29
60. AMERICAN FINCL GROUP INC COM   2010-09-13 2012-11-02
125. AMERIGROUP CORP COM   2012-01-25 2012-04-10
.5 AMETEK INC COM   2010-09-13 2012-07-02
135. AMETEK INC COM   2010-09-13 2012-11-02
35. AMGEN INC COM   2011-05-13 2012-06-26
85. AMGEN INC COM   2011-05-13 2012-08-27
195. AMGEN INC COM   2009-06-09 2012-08-27
20. AMGEN INC COM   2009-06-09 2012-11-02
30. APPLE INC COM   2011-03-15 2012-02-14
10. APPLE INC COM   2011-03-15 2012-08-27
40. APTARGROUP INC COM   2011-12-05 2012-11-02
480. AVISTA CORP COM   2010-12-20 2012-04-10
35. BMC SOFTWARE INC COM   2010-09-13 2012-11-02
220. BALL CORP   2011-04-07 2012-05-29
50. BALL CORP   2011-03-07 2012-11-02
15. BAXTER INTL INC COM   2011-07-05 2012-06-26
25. BAXTER INTL INC COM   2011-07-05 2012-11-02
60. BOB EVANS FARMS COM   2011-07-07 2012-11-02
10. BOB EVANS FARMS COM   2010-09-13 2012-11-02
75. BROADRIDGE FINL SOL LLC COM   2010-09-13 2012-11-02
30. C. H. ROBINSON WORLDWIDE INC COM   2011-04-07 2012-11-02
20. CARTER'S INC COM   2012-09-05 2012-11-02
35. CHARLES RIVER LABS INTL INC COM   2012-09-05 2012-11-02
15. CHEVRONTEXACO CORP COM   2009-06-06 2012-06-26
35. CHEVRONTEXACO CORP COM   2009-06-06 2012-11-02
95. CHURCH AND DWIGHT CO INC COM   2011-09-20 2012-01-25
30. CHURCH AND DWIGHT CO INC COM   2011-09-20 2012-11-02
15. COLGATE PALMOLIVE CO COM   2011-09-20 2012-06-26
20. COLGATE PALMOLIVE CO COM   2011-09-20 2012-11-02
35. COMMERCE BANCSHARES INC COM   2011-12-05 2012-11-02
.5 COMMERCE BANCSHARES INC COM   2011-12-05 2012-12-17
1916.177 CONESTOGA SMALL CAP FUND   2010-08-02 2012-11-02
166.398 CONESTOGA SMALL CAP FUND   2012-06-29 2012-11-02
15. COOPER COS INC/THE COM   2012-09-05 2012-11-02
55. COPART INC COM   2010-09-13 2012-11-02
25. CUBIC CORP COM   2010-09-13 2012-11-02
20. CUBIST PHARMACEUTICALS INC COM   2012-09-05 2012-11-02
15. DANAHER CORP COM   2011-03-15 2012-06-26
415. DANAHER CORP COM   2010-11-29 2012-08-27
140. DANAHER CORP COM   2011-03-15 2012-08-27
270. DARDEN RESTAURANTS INC COM   2010-11-29 2012-02-08
105. DARDEN RESTAURANTS INC COM   2010-11-29 2012-04-13
40. DARDEN RESTAURANTS INC COM   2010-11-29 2012-11-02
30. DIAMOND OFFSHORE DRILLING COM   2011-07-05 2012-11-02
60. DISCOVER FINANCIAL SERVICES COM   2011-07-05 2012-06-26
80. DISCOVER FINANCIAL SERVICES COM   2011-07-05 2012-11-02
110. DRESSER-RAND GROUP INC   2011-07-07 2012-04-10
.333 ENGILITY HOLDINGS INC COM   2010-09-13 2012-07-17
16.333 ENGILITY HOLDINGS INC COM   2010-09-13 2012-08-27
6.667 ENGILITY HOLDINGS INC COM   2011-12-05 2012-08-27
25. EXXON MOBIL CORPORATION COM   1983-12-22 2012-06-26
35. EXXON MOBIL CORPORATION COM   1983-12-22 2012-11-02
25. FACTSET RESEARCH SYSTEMS INC COM   2011-10-04 2012-11-02
150. FAIRCHILD SEMICONDUCTOR INTL INC COM   2011-09-20 2012-01-25
470. FAIRCHILD SEMICONDUCTOR INTL INC COM   2011-05-05 2012-01-25
25000. FHLB NOTE DTD 06/22/2007 5.5% 08/13/2014   2011-04-15 2012-11-29
20000. FNMA DTD 09/17/2004 4.625% 10/15/2014   2011-04-15 2012-04-12
5000. FNMA DTD 09/17/2004 4.625% 10/15/2014   2010-12-02 2012-04-12
45. FEDERATED INVESTORS INC CL B FUNDS   2011-04-07 2012-06-26
625. FEDERATED INVESTORS INC CL B FUNDS   2010-11-29 2012-08-27
655. FEDERATED INVESTORS INC CL B FUNDS   2011-03-15 2012-08-27
330. FLOWERS FOODS INC COM   2011-07-07 2012-01-25
140. FULTON FINANCIAL CORP COM   2011-12-21 2012-11-02
45. ARTHUR J GALLAGHER & CO COM   2011-12-05 2012-11-02
15000. GENERAL ELECTRIC CO DTD 01/28/2003 5% 02   2011-04-15 2012-03-07
5000. GENERAL ELECTRIC CO DTD 01/28/2003 5% 02   2010-12-02 2012-03-07
30. GENERAL MILLS INC COM   2011-03-15 2012-06-26
40. GENERAL MILLS INC COM   2011-03-15 2012-11-02
2062.039 GOLDMAN SACHS SATELLITE STRATEGIES   2010-11-01 2012-11-02
35. HARRIS CORPORATION COM   2010-09-13 2012-11-02
415. HEWLETT PACKARD CO COM   2010-11-29 2012-04-13
460. HEWLETT PACKARD CO COM   2011-03-15 2012-04-13
105. HORMEL FOODS CORP COM   2010-09-13 2012-01-25
45. HORMEL FOODS CORP COM   2010-09-13 2012-11-02
30. HUBBELL INC CL B COM   2010-09-13 2012-11-02
30. INTEL CORP COM   2012-04-13 2012-11-02
20. INTERNATIONAL BUS MACHS CORP COM   2002-02-22 2012-11-02
40. JOHNSON & JOHNSON COM   2011-05-13 2012-06-26
50. JOHNSON & JOHNSON COM   2011-05-13 2012-11-02
60. J2 GLOBAL INC   2010-09-13 2012-11-02
35. L-3 COMMUNICATIONS HOLDINGS COM   2010-09-13 2012-11-02
15. LABORATORY CRP OF AMER HLDGS COM   2011-04-07 2012-11-02
35. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-03-15 2012-06-26
75. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-03-15 2012-11-02
140. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-03-15 2012-11-26
35. MCGRAW HILL COS INC COM   2011-04-07 2012-06-26
90. MCGRAW HILL COS INC COM   2011-04-07 2012-08-27
45. MCGRAW HILL COS INC COM   2011-04-07 2012-11-02
20. MCKESSON HBOC INC COM   2011-04-07 2012-06-26
25. MCKESSON HBOC INC COM   2011-04-07 2012-11-02
250. MEDICIS PHARMACEUTICAL - CL A   2011-01-27 2012-09-04
170. MEDICIS PHARMACEUTICAL - CL A   2010-09-21 2012-09-04
60. MICROSOFT CORP COM   2011-04-07 2012-06-26
120. MICROSOFT CORP COM   2011-04-07 2012-11-02
20. MINERALS TECHNOLOGIES INC COM   2012-09-05 2012-11-02
25. OMNICARE INC COM   2012-04-10 2012-11-02
20. ORACLE CORP COM   2011-04-07 2012-06-26
100. ORACLE CORP COM   2011-04-07 2012-11-02
25000. ORACLE CORP DTD 07/08/2009 3.75% 07/08/2   2011-04-15 2012-02-27
5000. ORACLE CORP DTD 07/08/2009 3.75% 07/08/2   2010-12-02 2012-02-27
20. PANERA BREAD COMPANY CL A COM   2010-09-13 2012-04-10
10. PANERA BREAD COMPANY CL A COM   2010-09-13 2012-11-02
15. PARKER-HANNIFIN CORP. COM   2012-05-29 2012-11-02
55. PARKER-HANNIFIN CORP. COM   2012-05-29 2012-11-26
35. PEPSICO INC COM   2012-05-29 2012-11-02
35. PERRIGO CO COM   2010-09-13 2012-11-02
90. PFIZER INC COM   2012-02-14 2012-11-02
35. PROGRESSIVE CORP OHIO COM   2011-04-07 2012-06-26
555. PROGRESSIVE CORP OHIO COM   2011-03-15 2012-08-27
530. PROGRESSIVE CORP OHIO COM   2010-11-29 2012-08-27
65. PROTECTIVE LIFE CORP COM   2011-12-21 2012-11-02
265. PROTECTIVE LIFE CORP COM   2011-12-21 2012-11-28
80. QLOGIC CORP COM   2012-01-25 2012-11-02
385. QLOGIC CORP COM   2012-01-25 2012-11-28
45. QUALCOMM INC COM   2012-04-13 2012-11-02
35. RAYONIER INC COM   2012-04-10 2012-11-02
50. ROLLINS INC COM   2010-09-13 2012-11-02
125. ROSS STORES COM   2010-09-13 2012-01-25
40. ROSS STORES COM   2010-09-13 2012-04-10
25. ROSS STORES COM   2010-09-13 2012-11-02
235. SKYWORKS SOLUTIONS INC COM   2012-04-10 2012-11-02
230. SKYWORKS SOLUTIONS INC COM   2012-04-10 2012-11-28
40. TJX COMPANIES INC COM   2011-04-08 2012-06-26
120. TJX COMPANIES INC COM   2011-04-08 2012-08-27
55. TJX COMPANIES INC COM   2011-04-08 2012-11-02
70. TECHNE CORP COM   2010-09-13 2012-04-10
70. TORO CO COM   2010-09-13 2012-11-02
10. TUPPERWARE BRANDS CORP COM   2011-07-07 2012-11-02
20. TUPPERWARE BRANDS CORP COM   2010-09-13 2012-11-02
20000. US TREASURY INFL IX NT 1.875% 07/15/2013   2010-12-02 2012-08-29
20000. US TREASURY NOTE DTD 04/30/2009 1.875% 0   2011-04-15 2012-10-31
20000. US TREASURY NOTE DTD 02/15/2011 3.625% 0   2011-05-03 2012-06-06
20000. US TREASURY NOTE DTD 05/16/2011 3.125% 0   2011-06-01 2012-02-14
20000. US TREASURY NOTE DTD 08/15/2011 2.125% 0   2011-08-24 2012-05-30
30. UNITED TECHNOLOGIES CORP COM   2011-04-07 2012-06-26
165. UNITED TECHNOLOGIES CORP COM   2011-03-15 2012-08-27
60. V F CORPORATION COM   2011-04-07 2012-04-13
5. V F CORPORATION COM   2011-03-15 2012-11-02
55. VALSPAR CORPORATION COM   2011-03-25 2012-11-02
95. VECTREN CORPORATION COM   2011-05-05 2012-11-02
40. WADDELL & REED FINANCIAL INC CL A COM   2011-03-24 2012-11-02
50. WALGREEN CO COM   2009-06-09 2012-04-13
345. WALGREEN CO COM   2011-03-15 2012-04-13
50. WALGREEN CO COM   2009-06-09 2012-11-02
15. WATSCO INC COM   2011-02-07 2012-11-02
15000. WELLS FARGO COMPANY DTD 10/01/2009 3.75%   2011-04-15 2012-04-12
20. WESTERN DIGITAL CORP COM   2010-09-13 2012-11-02
10. JOHN WILEY & SONS, INC COM   2010-10-12 2012-11-02
35. JOHN WILEY & SONS, INC COM   2011-07-07 2012-11-02
245. WISCONSIN ENERGY CORP COM   2011-04-07 2012-02-08
5. WISCONSIN ENERGY CORP COM   2010-12-03 2012-06-26
5. WISCONSIN ENERGY CORP COM   2011-04-07 2012-06-26
235. WISCONSIN ENERGY CORP COM   2010-12-03 2012-08-27
50. WORLD FUEL SERVICES CORP COM   2010-09-13 2012-11-02
(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 6,905   8,687 -1,782
b 1,500   1,459 41
c 10,647   10,838 -191
d 1,659   1,255 404
e 6,451   5,107 1,344
2,305   4,064 -1,759
2,706   4,597 -1,891
1,997   1,576 421
4,982   6,927 -1,945
20,746   21,643 -897
11,104   11,810 -706
4,146   4,294 -148
6,767   7,613 -846
17,872   18,262 -390
2,323   1,791 532
7,793   8,577 -784
17   10 7
4,945   2,746 2,199
2,509   2,120 389
7,193   5,150 2,043
16,502   9,906 6,596
1,733   1,016 717
15,111   10,377 4,734
6,762   3,416 3,346
1,994   2,071 -77
11,988   10,845 1,143
1,436   1,384 52
8,857   8,073 784
2,171   1,830 341
769   902 -133
1,614   1,504 110
2,253   2,175 78
376   278 98
1,738   1,687 51
1,844   2,238 -394
1,086   1,134 -48
1,383   1,308 75
1,515   1,056 459
3,783   2,464 1,319
4,356   4,281 75
1,540   1,352 188
1,503   1,421 82
2,109   1,894 215
1,340   1,329 11
18   18  
46,295   35,679 10,616
4,020   4,120 -100
1,449   1,268 181
1,609   957 652
1,208   988 220
855   943 -88
756   751 5
22,180   18,003 4,177
7,483   7,010 473
13,197   13,339 -142
5,235   5,187 48
2,108   1,976 132
2,069   2,154 -85
2,012   1,611 401
3,287   2,147 1,140
5,141   6,116 -975
5   6 -1
286   275 11
117   109 8
2,063   67 1,996
3,163   94 3,069
2,280   2,196 84
2,202   2,049 153
6,900   9,416 -2,516
27,200   28,278 -1,078
22,060   22,073 -13
5,515   5,616 -101
930   1,196 -266
13,219   14,987 -1,768
13,853   17,132 -3,279
6,526   7,530 -1,004
1,351   1,347 4
1,617   1,444 173
15,590   16,018 -428
5,197   5,375 -178
1,144   1,096 48
1,596   1,462 134
16,785   16,579 206
1,661   1,529 132
10,168   17,745 -7,577
11,271   18,829 -7,558
3,086   2,337 749
1,338   1,002 336
2,531   1,450 1,081
661   848 -187
3,882   1,971 1,911
2,659   2,671 -12
3,553   3,339 214
1,840   1,364 476
2,654   2,333 321
1,285   1,409 -124
2,006   1,672 334
4,623   3,583 1,040
9,121   6,689 2,432
1,507   1,381 126
4,470   3,552 918
2,461   1,776 685
1,840   1,575 265
2,344   1,969 375
10,878   6,510 4,368
7,397   5,134 2,263
1,799   1,573 226
3,546   3,145 401
1,427   1,379 48
892   854 38
556   675 -119
3,126   3,373 -247
26,911   26,681 230
5,382   5,359 23
3,158   1,741 1,417
1,681   871 810
1,194   1,303 -109
4,479   4,779 -300
2,422   2,416 6
4,025   2,110 1,915
2,215   1,926 289
714   745 -31
11,029   11,482 -453
10,532   10,902 -370
1,770   1,409 361
7,068   5,746 1,322
740   1,374 -634
3,483   6,613 -3,130
2,676   3,024 -348
1,724   1,501 223
1,177   737 440
6,523   3,309 3,214
2,295   1,059 1,236
1,426   662 764
4,820   6,110 -1,290
4,932   5,980 -1,048
1,727   1,016 711
5,482   3,047 2,435
2,295   1,397 898
4,684   4,215 469
2,956   1,885 1,071
622   715 -93
1,243   862 381
25,744   25,907 -163
20,475   20,405 70
23,591   20,580 3,011
22,281   20,284 1,997
21,063   19,700 1,363
2,209   2,552 -343
13,299   13,748 -449
8,869   5,898 2,971
793   475 318
3,234   2,121 1,113
2,801   2,669 132
1,346   1,562 -216
1,647   1,563 84
11,365   14,162 -2,797
1,743   1,563 180
1,049   980 69
15,904   15,857 47
705   539 166
440   434 6
1,541   1,857 -316
8,389   7,424 965
195   150 45
195   152 43
9,000   7,061 1,939
1,920   1,307 613
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       -1,782
b       41
c       -191
d       404
e       1,344
      -1,759
      -1,891
      421
      -1,945
      -897
      -706
      -148
      -846
      -390
      532
      -784
      7
      2,199
      389
      2,043
      6,596
      717
      4,734
      3,346
      -77
      1,143
      52
      784
      341
      -133
      110
      78
      98
      51
      -394
      -48
      75
      459
      1,319
      75
      188
      82
      215
      11
       
      10,616
      -100
      181
      652
      220
      -88
      5
      4,177
      473
      -142
      48
      132
      -85
      401
      1,140
      -975
      -1
      11
      8
      1,996
      3,069
      84
      153
      -2,516
      -1,078
      -13
      -101
      -266
      -1,768
      -3,279
      -1,004
      4
      173
      -428
      -178
      48
      134
      206
      132
      -7,577
      -7,558
      749
      336
      1,081
      -187
      1,911
      -12
      214
      476
      321
      -124
      334
      1,040
      2,432
      126
      918
      685
      265
      375
      4,368
      2,263
      226
      401
      48
      38
      -119
      -247
      230
      23
      1,417
      810
      -109
      -300
      6
      1,915
      289
      -31
      -453
      -370
      361
      1,322
      -634
      -3,130
      -348
      223
      440
      3,214
      1,236
      764
      -1,290
      -1,048
      711
      2,435
      898
      469
      1,071
      -93
      381
      -163
      70
      3,011
      1,997
      1,363
      -343
      -449
      2,971
      318
      1,113
      132
      -216
      84
      -2,797
      180
      69
      47
      166
      6
      -316
      965
      45
      43
      1,939
      613
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 53,271
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 152,297 3,360,637 0.045318
2010 135,348 3,153,174 0.042924
2009 175,464 2,884,391 0.060832
2008 217,376 3,602,683 0.060337
2007 213,058 4,218,319 0.050508
2 Total of line 1, column (d) ...................... 2 0.259919
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 0.051984
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 3,465,932
5 Multiply line 4 by line 3....................... 5 180,173
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,311
7 Add lines 5 and 6......................... 7 181,484
8 Enter qualifying distributions from Part XII, line 4.............. 8 162,337
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,623
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,623
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,623
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 5,696
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 5,696
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,073
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,624 Refunded Bullet 11 449
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletNATIONAL PENN INVESTORS TRUST CO Telephone no.bullet (610) 372-6414
    Located atbullet2201 RIDGEWOOD ROAD STE 180WYOMISSINGPA ZIP+4bullet19610
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    LAWRENCE FREAS TREASURER
    0     		0    
    4425 EDGEHAM COURT
    EARLYSVILLE,VA22936
    NANCY PRATT VICE PRESIDENT
    0     		0    
    1435 OLD RELIANCE ROAD
    MIDDLETOWN,PA17057
    SUSAN MAGARGEE SECRETARY
    0     		0    
    484 STEELE HOLLOW
    JULIAN,PA16844
    DONALD FREAS PRESIDENT
    0     		0    
    PO BOX 11951
    OLYMPIA ISLAND,WA985011951
    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 YWCA OF GREATER HARRISBURG 14299 BENEDICTINE LANE RIDGELY MD 21660 8,000
    2 PIEDMONT VA COMMUNITY COLLEGE 1307 UNIVERSITY DRIVE STATE COLLEGE PA 16801 5,375
    3 CENTRE COUNTY WOMENS RESOURCE CENTER 140 W NITTANY AVENUE STATE COLLEGE PA 16802-4811 3,000
    4 WALTON MIDDLE SCHOOL PO BOX 4298 FREDERICK MD 21705 7,000
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,434,368
    b
    Average of monthly cash balances.......................
    1b
    84,345
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,518,713
    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
    3,518,713
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    52,781
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,465,932
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    173,297
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    173,297
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,623
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,623
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    170,674
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    170,674
    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
    170,674
    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
    162,337
    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
    162,337
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    162,337
    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 7 170,674
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 162,337
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 0
    e From 2011....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 162,337
    a Applied to 2011, but not more than line 2a 162,337
    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..... 0
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		170,674
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 0
    d Excess from 2011.... 0
    e Excess from 2012.... 0
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    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.
    NONE
    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
    ALBEMARLE HIGH SCHOOL
    ATHLETIC DEPARTMENT
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 8,125
    AMELIA PLANTATION CHAPEL
    1450 BOWMAN ROAD
    AMELIA ISLAND,FL320358014     		NONE 501(C)(3) GENERAL FUND 5,000
    CAPON BRIDGE ELEMENTARY
    SCHOOL
    PO BOX 127
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 2,500
    CENTRAL PENNSYLVANIA FOOD
    BANK
    3908 COREY ROAD
    HARRISBURG,PA17109     		NONE 501(C)(3) GENERAL FUND 2,000
    CENTRE COUNTY LAW
    ENFORCEMENT CAMP CADET INC
    118 S FRASER STREET
    STATE COLLEGE,PA168013899     		NONE 501(C)(3) GENERAL FUND 1,500
    CENTER COUNTY WOMEN'S
    RESOURCE CENTER
    140 W NITTANY AVENUE
    STATE COLLEGE,PA168024811     		NONE 501(C)(3) GENERAL FUND 3,000
    CENTRE VOLUNTEERS IN
    MEDICINE
    251 EASTERLY PKWY SUITE 102
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 3,600
    FORT EDWARDS FOUNDATION
    PO BOX 623
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 4,000
    GARDEN-RAISED BOUNTY
    (GRUB)
    711 STATE AVENUE NE
    OLYMPIA,WA98506     		NONE 501(C)(3) GENERAL FUND 13,000
    HARRIS STREET UNITED
    METHODIST CHURCH
    250 HARRIS STREET
    HARRISBURG,PA17102     		NONE 501(C)(3) GENERAL FUND 1,000
    ORCH OF ALBERMALE HIGH
    JOUETT & SUTHERLAND SCHS
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 5,000
    SCHLOW CENTRE COUNTY
    LIBRARY
    211 S ALLEN STREET
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 7,000
    UNITARIAN CHURCH OF
    HARRISBURG
    1280 CLOVER LANE
    HARRISBURG,PA17113     		NONE 501(C)(3) GENERAL FUND 7,000
    HOUSE OF CARE
    515 W BEAVER AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 6,995
    MANADA CONSERVANCY
    PO BOX 25
    HUMMELSTOWN,PA17036     		NONE 501(C)(3) GENERAL FUND 8,000
    STATE THEATRE INC
    130 W COLLEGE AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 1,360
    GLOBAL EMERGENCY HEALTH
    CARE CENTER
    2033 W IOWA ST 3
    CHICAGO,IL60622     		NONE 501(C)(3) GENERAL 8,198
    YMCA OF CENTRE COUNTY
    677 W WHITEHALL ROAD
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,500
    ACE MENTOR PROGRAM
    PO BOX 4298
    FREDERICK,MD21705     		NONE 501(C)(3) GENERAL FUND 3,000
    BENEDICTINE PROGRAMS AND SERVICES
    14299 BENEDICTINE LANE
    REIGELY,MD21660     		NONE 501(C)(3) GENERAL FUND 6,000
    CLIMBING CONSERVANCY OF CENTRAL PA
    1307 UNIVERSITY DRIVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 1,000
    COMMUNITY HOSPICE FOUNDATION
    4266 SUNBEAM ROAD
    JACKSONVILLE,FL32257     		  501(C)(3) GENERAL FUND 5,337
    INSTITUTE OF AWAKENED MUTUALITY
    3930 NE 105TH AVE
    PORTLAND,OR97220     		  501(C)(3) GENERAL FUND 15,000
    MILTON POLICE DEPARTMENT
    7 TOWNHOUSE ROAD
    MILTON,NH03851     		  EXEMPT GENERAL FUND 2,847
    OLYMPIA ARTSPACE ALLIANCE
    3400 CAPITAL BLVD STE 101
    OLYMPIA,WA985013351     		  501(C)(3) GENERAL FUND 10,000
    PA GUILD OF CRAFTSMAN
    335 N QUEEN STREET
    LANCASTER,PA17603     		  501(C)(3) GENERAL FUND 9,000
    PIEDMONT VIRGINIA COMMUNITY COLLEGE
    501 COLLEGE DRIVE
    CHALROTTSVILLE,VA229027589     		  EXEMPT GENERAL FUND 5,375
    WALTON MIDDLE SCHOOL
    401 MCINTIRE ROAD
    CHARLOTTSVILLE,VA22902     		  EXEMPT GENERAL FUND 7,000
    YWCA OF GREATER HARRISBURG
    1101 MARKET STREET
    HARRISBURG,PA17103     		  501(C)(3) GENERAL FUND 8,000
    Total .................................bullet 3a 162,337
    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     14 151  
    4 Dividends and interest from securities....     14 90,540  
    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 53,271  
    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)..   143,962  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13143,962
    (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:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLSTATE LIFE GL DTD 4/24/08    
    JP MORGAN CHASE & CO 1/29/08 23,565 25,061
    COSTCO WHSL CORP 2/20/2007 5.5 34,551 35,368
    ORACLE CORP DTD 7/8/2009    
    GLAXOSMITHKLINE CAP INC 5/13 22,782 24,361
    INTERNATIONA BUS MACHS 9/14/07 28,727 30,192
    GENERAL ELECTRIC CO DTD 1/28/0    
    SBC COMMUNICATIONS 8/18/04 5.6 28,188 28,695
    WAL-MART STORES 4/5/07 5.375% 34,039 35,515
    WELLS FARGO COMPANY DTD 10/1/0    
    WELLS FARGO CO 12/12/11 2.625 41,198 42,215
    US BANCORP 7/27/10 2.45% 20,244 20,904
    GEN ELEC CAP 1/7/11 4.625% 20,886 22,686
    BANK OF NY MELLON 9/23/11 3.55 30,973 32,687
    PEPSICO INC 10/26/10 3.125% 19,350 21,433
    MERCK & CO 12/10/10 3.875% 20,468 22,445
    OCCIDENTAL PETE CORP 20,818 22,868
    CON EDISON CO NY 4/1/08 5.85% 23,224 24,342
    DEERE & CO 6/8/12 2.6% 19,992 20,252

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EXXON MOBIL CORP 1,369 44,141
    INTL BUSINESS MACHINES CORP 15,930 46,930
    JOHNSON & JOHNSON 40,271 52,014
    MICROSOFT CORP 42,966 45,139
    UNITED TECHNOLOGIES CORP 32,322 34,854
    WALGREEN CO 30,769 36,418
    CHARLES RIVER LABS INTL INC 7,587 8,056
    PARKER-HANNIFIN CORP COM 19,117 18,713
    PEPSICO INC COM 39,907 42,084
    APPLE, INCORPORATED 30,714 50,556
    AT&T, INCORPORATED 29,730 35,564
    ADTRAN INC    
    LABORATORY COPR OF AMER HLDG 20,069 20,356
    L3 COMMUNICATIONS HLDG 6,918 8,045
    OMNICARE INC COM 6,152 6,498
    U.S.BANCORP 44,544 44,716
    CORELOGIC INC COM 5,763 6,057
    COLGATE PALMOLIVE CO 26,034 30,839
    AMGEN INC 23,164 39,307
    CHEVRON CORPORATION 33,645 51,691
    AMERICAN FINCL GROUP INC 7,907 10,473
    AMETEK INC 9,294 17,169
    BMC SOFTWARE INC 5,139 5,151
    BOB EVANS FARMS 6,259 9,045
    BROADRIDGE FINL SOL LLC 5,737 5,834
    CH ROBINSON WORLDWID INC 32,290 28,449
    CADENCE DESIGN SYSTEMS INC 6,003 6,282
    CARTERS INC COM 6,520 6,400
    CUBIST PHARMACEUTICALS INC 6,600 5,887
    COPART INC 3,567 6,048
    CUBIC CORP 3,753 4,557
    AEROPOSTALE INC    
    DARDEN RESTAURANTS INC 24,486 23,436
    DANAHER CORP    
    FACTSET RESEARCH SYSTEMS INC 9,545 10,127
    GENERAL MILLS INC 30,434 33,347
    ALTERA CORPORATION    
    HARRIS CORPORATION 5,461 6,120
    HORMEL FOODS CORP 5,565 7,803
    HUBBELL INC 4,590 8,040
    INTEL CORP COM 43,371 33,817
    J2 GLOBAL COMMUNICATIONS INC 4,546 6,120
    MCCORMICK & COMPANY INC 41,229 57,495
    MCGRAW HILL COS INC 34,664 51,937
    MCKESSON HBOC INC 28,201 38,784
    MINERALS TECHNOLOGIES INC COM 6,549 7,585
    MARSH & MCLENNAN 43,772 43,949
    OCEANEERING INTL INC COM 3,642 3,765
    ORACLE CORP 43,190 48,814
    PANERA BREAD COMPANY 4,353 7,942
    PERRIGO CO 6,631 11,443
    PFIZER INC 29,358 37,870
    HEWLITT-PACKARD COMPANY    
    FLOWERS FOODS INC    
    QUALCOMM INC 32,184 38,044
    RAYONIER INC COM 7,506 9,070
    ROLLINS INC 2,758 4,121
    ROSS STORES 5,030 10,277
    TECHNE CORP    
    PROTECTIVE LIFE CORP    
    PROGRESSIVE CORP OHIO    
    MEDICIS PHARMACEUTICAL    
    TORO CO 6,734 10,745
    TUPPERWARE BRANDS CORP 4,959 7,372
    VF CORPORATION 18,351 31,704
    AVISTA CORP    
    WESTERN DIGITAL CORP 2,425 3,824
    JOHN WILEY & SONS INC 6,760 6,073
    WISCONSIN ENERGY CORP 23,197 28,190
    WORLD FUEL SERVICES CORP 4,574 7,205
    ADVANCE AUTO PARTS INC 5,990 6,873
    APTARGROUP INC 8,544 7,874
    BALL CORP 32,102 39,604
    BAXTER INTL INC 26,471 29,330
    CHURCH & DWIGHT CO INC 7,487 9,643
    COMMERCE BANCSHARES 6,439 6,241
    COOPER COS INC 6,104 7,861
    DIAMOND OFFSHORE DRILLING 18,666 17,670
    DISCOVER FINL SERVICES 30,735 44,140
    DRESSER-REAND GROUP INC    
    FLOWSERVE CORP COM 27,675 31,562
    FEDERATED INVESTORS INC CL B    
    FULTON FINL CORP 6,399 6,391
    ARTHUR J GALLAGHER 5,616 6,064
    FAIRCHILD SEMICONDUCTOR INTL    
    TJX COS INC 28,058 46,907
    VALSPAR CORP 7,458 12,168
    VECTREN CORP 9,271 9,702
    WADDELL & REED FINL INC CL A 6,053 5,397
    WATSCO INC 3,266 3,745
    RAYTHEON CO COM NEW 27,422 27,917

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    US Government Securities - End of Year Book Value:

    577,662
    US Government Securities - End of Year Fair Market Value:

    600,680
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL AT COST 164,052 186,999
    CONESTOGA SMALL CAP AT COST 108,774 145,928
    GOLDMAN SACHS SATELLITE STRAT AT COST 229,671 240,362
    HENDERSON INTL OPPORTUNITIES AT COST 169,277 191,662

    TY 2012 OtherDecreasesSchedule
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Description Amount
    PRIOR PERIOD ADJUSTMENT 2,800
    ROUNDING 3