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
OTTO AND FRAN WALTER FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)THE BRICK HOUSE 7 OAK STREET   Room/suite
City or town, state, and ZIP code
BOOTHBAY HARBOR, ME04538
A Employer identification number

13-1625529
B Telephone number (see instructions)

(207) 633-7300
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$13,226,443J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 322,285 322,285  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 933,873
b Gross sales price for all assets on line 6a 7,391,355
7 Capital gain net income (from Part IV, line 2)... 933,873
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,256,158 1,256,158  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 124,200 31,050   93,150
14 Other employee salaries and wages...... 24,486 6,122   18,364
15 Pension plans, employee benefits....... 16,594 4,148   12,446
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,775 7,887   7,888
c Other professional fees (attach schedule).... Click to see attachment 78,038 39,019   38,634
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 35,978 3,259   9,777
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,606 0  
20 Occupancy.............. 14,317 3,579   10,689
21 Travel, conferences, and meetings....... 33,535 8,384   6,907
22 Printing and publications.......... 140 35   98
23 Other expenses (attach schedule)....... Click to see attachment 26,924 5,554   21,200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 374,593 109,037   219,153
25 Contributions, gifts, grants paid........ 1,122,110 546,710
26 Total expenses and disbursements. Add lines 24 and 25 1,496,703 109,037   765,863
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -240,545
b Net investment income (if negative, enter -0-) 1,147,121
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 3,259 21,968 21,968
2 Savings and temporary cash investments.......... 71,531 355,804 355,804
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 2,125 6,429 6,429
10a Investments—U.S. and state government obligations (attach schedule) 2,383,174 Click to see attachment2,101,714 2,401,669
b Investments—corporate stock (attach schedule)........ 6,847,040 Click to see attachment7,044,745 8,190,741
c Investments—corporate bonds (attach schedule)........ 1,843,253 Click to see attachment1,997,786 2,186,793
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet37,533
Less: accumulated depreciation (attach schedule) bullet20,433 20,946 Click to see attachment17,100 17,100
15 Other assets (describe bullet) Click to see attachment45,132 Click to see attachment45,939 Click to see attachment45,939
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,216,460 11,591,485 13,226,443
Liabilities 17 Accounts payable and accrued expenses.......... 27,084 67,254
18 Grants payable................... 1,270,074 1,418,650
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).......... 1,297,158 1,485,904
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 9,919,302 10,105,581
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 9,919,302 10,105,581
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 11,216,460 11,591,485
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 9,919,302
2 Enter amount from Part I, line 27a..................... 2 -240,545
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 426,824
4 Add lines 1, 2, and 3.......................... 4 10,105,581
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,105,581
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 130 3M COMPANY P 2012-03-29 2012-12-26
b 1,605 AT&T P 2005-12-09 2012-12-26
c 770 ACCENTURE PLC CL A P 2011-04-01 2012-12-26
d 6,640 ACTIVISION BLIZZARD INC P 2011-08-19 2012-03-06
e 1,090 ADT CORP P 2012-09-28 2012-10-12
2,270 AGILENT TECHNOLOGIES INC P 2012-02-02 2012-08-28
1,650 AIRGAS INC P 2011-09-06 2012-08-07
110 AKMAI TECHNOLOGIES P 2012-07-26 2012-12-26
220 ALASKA AIR GROUP INC P 2012-04-20 2012-12-26
160 ALLSTATE CORPORATION P 2012-04-20 2012-12-26
90 AMERICAN INTL GROUP NEW P 2012-10-10 2012-12-26
1,700 AMERIPRISE FINANCIAL INC P   2012-05-18
1,160 AMERN FINANCIAL GROUP P 2010-09-10 2012-12-26
73 AMGEN INCORPORATED P   2012-01-13
10 APACHE CORP P 2012-11-07 2012-12-26
250 APPLE INC P 2009-10-29 2012-12-26
2,250 ATMOS ENERGY CORP P 2010-07-02 2012-05-15
160 AUTOZONE INC P   2012-07-06
1,490 BED BATH & BEYOND P 2012-01-24 2012-03-26
50 BIOGEN IDEC INC P 2011-08-24 2012-04-24
70 BOEING CO P 2012-07-20 2012-12-26
370 BRISTOL-MYERS SQUIBB CO P 2010-07-06 2012-12-26
1,230 BUNGE LIMITED P 2012-04-20 2012-12-03
720 CABOT OIL & GAS P 2011-06-09 2012-01-27
1,050 CAPITAL ONE FINANCE P 2009-09-16 2012-02-02
3,690 CBS CORPORATION CL B NEW P 2010-02-17 2012-10-23
962 CELGENE CORP P 2011-09-14 2012-05-18
4,390 CENTERPOINT ENERGY INC P 2011-06-24 2012-03-13
310 CHEVRON TEXACO COR P 2004-07-02 2012-12-26
460 CHUBB CORPORATION P 2011-08-17 2012-12-26
2.200 CISCO SYSTEMS INC P 2011-10-25 2012-12-26
240 CITIGROUP INC P 2010-11-10 2012-11-14
40 CMS ENERGY CORP P 2010-11-03 2012-04-24
1,440 COACH INC P 2010-09-24 2012-08-07
2,980 COCA COLA ENT NEW P 2012-05-18 2012-07-20
5,010 COMCAST CORP NEW CL A P 2012-02-15 2012-12-26
3,230 CONAGRA FOODS INC P 2012-02-01 2012-12-26
30 CONOCOPHILIPS P   2012-04-24
2,270 CONSTELLATION BRAND CL A P 2012-04-10 2012-12-26
230 CORNING INC P 2012-12-07 2012-12-26
2,430 COVANTA HOLDING CORP P 2012-07-09 2012-12-19
100 COVIDEN PLC NEW P 2012-05-21 2012-12-26
600 CUMMINS INC P 2010-02-10 2012-06-08
120 DELTA AIR LINES INC NEW P 2012-12-19 2012-12-26
2,370 DENBURY RES INC NEW P 2012-01-17 2012-07-20
810 DEVON ENERGY CP NEW P 2010-11-16 2012-04-24
210 DIRECTV CL A P 2011-05-13 2012-12-26
3,560 DISCOVER FINANCIAL SVCS P 2011-07-01 2012-02-01
2,000 DISNEY WALT CO P 2012-03-06 2012-12-26
20 DOMTAR CORPORATION NEW F P 2012-08-28 2012-12-26
2.090 DR PEPPER SNAPPLE CO P   2012-05-02
20 ENERGIZER HOLDING INC P 2012-12-07 2012-12-26
360 EXXON MOBIL CORP P 2005-11-14 2012-12-26
830 FLUOR CORPORATION NEW P 2012-01-09 2012-12-26
1,770 FOOT LOCKER INC P 2011-03-28 2012-12-26
400 FOSSIL INC P 2011-10-28 2012-02-10
20 FRANKLIN RESOURCES INC P 2012-10-03 2012-12-26
80 FREEPORT MCMORAN COPPER P 2012-10-24 2012-12-26
90 GANNETT CO INC DEL P 2012-10-23 2012-12-26
4,570 GENERAL ELECTRIC CO P 2004-07-02 2012-12-26
2,100 GENERAL MOTORS CO P 2012-02-23 2012-12-26
2,460 GILEAD SCIENCES INC P   2012-12-06
310 GOOGLE INC CLASS A P 2009-10-28 2012-09-17
1,330 HELMERICH & PAYNE INC P 2011-06-08 2011-05-18
810 HERSHEY COMPANY P 2011-02-18 2012-04-20
2,870 HEWLETT-PACKARD COMPANY P 2011-09-27 2012-04-20
1,710 HOME DEPOT INC P 2011-09-16 2012-12-26
710 HONEYWELL INTERNATIONAL P 2010-05-07 2012-12-26
530 HUBBELL INC CLASS B P 2012-05-18 2012-11-05
30 IAC/INTERACTIVE CORP NEW P 2012-12-06 2012-12-26
8,670 INTEL CORP P   2012-11-14
400 INTERNATIONAL BUSINESS MACHINES CORP P 2006-02-14 2012-12-26
1,330 J B HUNT TRANSPORT SVCS P 2010-08-24 2012-06-11
2,680 JOHNSON & JOHNSON P 2004-07-14 2012-12-26
340 JPMORGAN CHASE & CO P   2012-12-26
2.550 KBR INC P 2011-01-19 2012-01-24
1,140 KEYCORP INC NEW P 2011-11-15 2012-12-26
1,620 KOHLS CORP P 2011-10-05 2012-01-17
2,290 KRAFT FOODS INC P 2011-09-06 2012-11-15
300 KROGER COMPANY P 2012-03-19 2012-12-26
30 LEAR CORPORATION P 2012-08-28 2012-12-26
1,850 LIMITED BRANDS INC P 2010-11-26 2012-06-15
1,310 M & T BANK CORPORATION P 2011-05-27 2012-01-20
900 MACYS INC P   2012-04-24
1,215 MARATHON OIL CORP P 2010-05-21 2012-12-26
780 MARRIOTT INTL INC CL A P 2012-03-09 2012-12-26
290 MASTERCARD INC P 2011-09-21 2012-04-10
710 MCDONALDS CORP P 2006-03-13 2012-04-20
110 MCKESSON CORPORATION P 2011-11-22 2012-12-26
210 MERCK & CO INC NEW P 2012-05-18 2012-12-26
3,020 METLIFE INC P 2012-05-02 2012-11-09
1,020 MICROSOFT CORP P 2004-11-09 2012-12-26
1,540 NASDAQ OMX GROUP INC P 2011-11-15 2012-03-09
1,100 NIKE INC CLASS B P 2011-11-14 2012-07-05
170 NVIDIA CORP P 2012-09-17 2012-12-26
10 NVR INC P 2011-03-02 2012-11-14
750 ORACLE CORPORATION P 2001-07-01 2012-12-26
1,030 P P G INDUSTRIES INC P 2010-08-11 2012-12-06
1,110 PARKER-HANNIFIN CORP P 2011-10-26 2012-06-27
523 PENTAIR LTD P 2012-09-28 2012-10-10
700 PFIZER INCORPORATED P 2011-06-09 2012-12-26
250 PHILIP MORRIS INTL INC P 2011-08-08 2012-12-26
1,030 PHILLIPS 66 P   2012-06-08
40 PINNACLE WEST CAPITAL P 2012-10-12 2012-12-26
50 PLAINS EXPL & PRODTN CO P 2012-07-06 2012-12-26
20 PLUM CREEK TIMBER CO REIT P 2012-09-05 2012-12-26
650 PROCTER AND GAMBLE P 2008-11-20 2012-06-21
1,070 PUB SVC ENT GROUP INC P 2011-08-24 2012-01-23
2,400 QUALCOMM INC P 2010-11-29 2012-06-21
30 RAYTHEON COMPANY NEW P 2012-08-28 2012-12-26
12,500 REGIONS FINANCIAL CP NEW P 2012-06-22 2012-11-07
100 SIMON PPTY GROUP NEW P 2011-08-24 2012-12-26
2,460 STATE STREET CORP P 2012-01-24 2012-09-21
6,460 SYMANTEC P 2011-05-27 2012-05-02
270 SYNOPSYS P 2012-01-25 2012-12-26
4,420 TECO ENERGY P 2011-06-06 2012-02-23
40 TRW AUTOMOTIVE HOLDINGS P 2012-09-21 2012-12-26
2,370 TYCO INTL LTD NEW P 2011-10-13 2012-10-10
370 UNION PACIFIC CORP P 2012-02-02 2012-12-26
1,720 UNITED PARCEL SERVICE B P 2012-04-24 2012-06-21
1,610 UNITED TECHNOLOGIES CORP P 2011-11-15 2012-11-07
1,330 UNITEDHEALTH GROUP INC P 2010-11-26 2012-12-26
30 URBAN OUTFITTERS INC P 2012-12-07 2012-12-26
20 VARIAN MEDICAL SYSTEMS P 2012-12-11 2012-12-26
2,310 VERISIGN INC P 2011-12-22 2012-09-14
94 VERIZON COMMUNICATIONS P 2010-09-24 2012-12-26
80 WALGREEN COMPANY P 2012-10-12 2012-12-26
770 WATERS CORP P 2010-05-28 2012-02-02
1,520 WATSON PHARMACEUTICALS P 2010-04-27 2012-12-26
2,900 WELLS FARGO & CO P 2012-04-20 2012-12-26
2,630 WESTERN DIGITAL CORP P 2011-12-22 2012-05-18
1,590 WHITING PETROLEUM CORP P 2012-01-09 2012-12-26
70 WYNDHAM WORLDWIDE CORP P 2011-11-22 2012-12-26
160 ZIMMER HOLDINGS INC P 2012-01-17 2012-12-26
690 NATIONAL OILWELL VARCO P 2011-11-15 2012-11-09
1,550 TRAVELERS COMPANIES INC P 2010-10-27 2012-04-20
50M US T NOTE 4.875% DUE 06/30/12 P 2007-07-02 2012-07-02
50M FED FARM CR BANK 4.625% DUE 03/16/12 P 2005-06-01 2012-03-16
(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 11,627   11,569 58
b 48,811   43,377 5,434
c 45,840   41,951 3,889
d 77,736   71,647 6,089
e 40,591   31,160 9,431
84,262   93,828 -9,566
88,447   76,710 11,737
4,385   3,192 1,193
11,753   9,780 1,973
5,658   5,264 394
3,127   3,144 -17
84,636   74,511 10,125
44,901   34,287 10,614
4,780   4,533 247
786   816 -30
159,421   54,064 105,357
73,720   61,392 12,328
58,411   25,198 33,213
98,433   94,219 4,214
6,044   4,515 1,529
5,143   5,057 86
12,212   10,040 2,172
88,372   83,219 5,153
45,229   39,682 5,547
46,782   49,430 -2,648
124,794   49,951 74,843
69,214   57,860 11,354
85,034   83,019 2,015
33,010   22,460 10,550
35,883   27,701 8,182
43,137   39,396 3,741
8,776   10,089 -1,313
875   733 142
85,662   60,181 25,481
80,525   84,847 -4,322
150,775   137,072 13,703
84,472   86,484 -2,012
2,182   2,153 29
71,816   56,405 15,411
2,933   2,804 129
44,058   41,915 2,143
5,569   5,464 105
56,232   30,006 26,226
1,413   1,350 63
35,674   42,953 -7,279
53,779   58,050 -4,271
9,807   10,361 -554
96,882   91,397 5,485
101,055   84,703 16,352
1,660   1,448 212
83,148   61,776 21,372
1,615   1,584 31
31,294   18,870 12,424
48,328   43,310 5,018
56,956   35,705 21,251
39,103   38,813 290
2,576   2,539 37
2,728   3,348 -620
1,662   1,677 -15
89,487   90,301 -814
52,837   55,757 -2,920
166,660   102,582 64,078
197,246   170,075 27,171
60,491   85,023 -24,532
50,581   40,203 10,378
71,556   70,392 1,164
92,817   55,750 37,067
41,054   33,988 7,066
43,588   39,847 3,741
1,388   1,416 -28
211,443   200,602 10,841
78,654   46,795 31,859
71,906   44,639 27,267
179,276   173,549 5,727
14,864   14,543 321
81,714   78,751 2,963
9,145   8,197 948
75,243   84,265 -9,022
85,658   80,525 5,133
7,576   7,207 369
1,376   1,221 155
80,586   62,210 18,376
105,809   114,108 -8,299
31,686   21,426 10,260
38,375   30,767 7,608
30,309   27,977 2,332
120,080   97,891 22,189
68,996   36,574 32,422
9,202   8,726 476
9,058   7,954 1,104
106,027   107,755 -1,728
30,183   29,482 701
39,183   39,110 73
101,988   103,251 -1,263
2,135   2,309 -174
9,072   7,220 1,852
22,796   22,649 147
120,788   71,007 49,781
84,980   86,422 -1,442
23,117   17,041 6,076
15,796   14,327 1,469
20,003   17,462 2,541
30,788   33,214 -2,426
2,081   2,131 -50
2,307   1,872 435
884   833 51
40,576   41,593 -1,017
32,529   33,940 -1,411
137,788   147,943 -10,155
1,767   1,704 63
88,223   84,588 3,635
14,146   11,380 2,766
104,753   101,166 3,587
109,607   115,247 -5,640
8,219   7,876 343
80,064   84,055 -3,991
3,145   2,789 356
72,039   55,608 16,431
43,481   42,393 1,088
133,762   137,967 -4,205
126,950   123,215 3,735
76,881   48,618 28,263
1,202   1,115 87
1,424   1,393 31
103,072   81,361 21,711
36,539   32,229 4,310
2,930   2,863 67
66,471   49,584 16,887
90,626   67,307 23,319
93,767   97,792 -4,025
104,291   81,474 22,817
65,608   80,197 -14,589
3,375   2,356 1,019
9,947   8,843 1,104
50,671   46,780 3,891
92,979   85,759 7,220
50,000   49,939 61
50,000   50,053 -53
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       58
b       5,434
c       3,889
d       6,089
e       9,431
      -9,566
      11,737
      1,193
      1,973
      394
      -17
      10,125
      10,614
      247
      -30
      105,357
      12,328
      33,213
      4,214
      1,529
      86
      2,172
      5,153
      5,547
      -2,648
      74,843
      11,354
      2,015
      10,550
      8,182
      3,741
      -1,313
      142
      25,481
      -4,322
      13,703
      -2,012
      29
      15,411
      129
      2,143
      105
      26,226
      63
      -7,279
      -4,271
      -554
      5,485
      16,352
      212
      21,372
      31
      12,424
      5,018
      21,251
      290
      37
      -620
      -15
      -814
      -2,920
      64,078
      27,171
      -24,532
      10,378
      1,164
      37,067
      7,066
      3,741
      -28
      10,841
      31,859
      27,267
      5,727
      321
      2,963
      948
      -9,022
      5,133
      369
      155
      18,376
      -8,299
      10,260
      7,608
      2,332
      22,189
      32,422
      476
      1,104
      -1,728
      701
      73
      -1,263
      -174
      1,852
      147
      49,781
      -1,442
      6,076
      1,469
      2,541
      -2,426
      -50
      435
      51
      -1,017
      -1,411
      -10,155
      63
      3,635
      2,766
      3,587
      -5,640
      343
      -3,991
      356
      16,431
      1,088
      -4,205
      3,735
      28,263
      87
      31
      21,711
      4,310
      67
      16,887
      23,319
      -4,025
      22,817
      -14,589
      1,019
      1,104
      3,891
      7,220
      61
      -53
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 2 933,873
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 932,279 12,567,012 0.074185
2010 952,677 12,163,309 0.078324
2009 939,491 11,417,279 0.082287
2008 965,224 15,081,812 0.063999
2007 951,141 15,453,815 0.061547
2 Total of line 1, column (d) ...................... 2 0.360342
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 0.072068
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 12,787,889
5 Multiply line 4 by line 3....................... 5 921,598
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 11,471
7 Add lines 5 and 6......................... 7 933,069
8 Enter qualifying distributions from Part XII, line 4.............. 8 765,863
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 22,942
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 22,942
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 22,942
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 8,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 15,065
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,065
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 123
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet123 Refunded Bullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletNY, ME
    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 addressbulletWWW.WALTERFOUNDATION.ORG
    14
    The books are in care ofbulletNEIL SUMNER CPA Telephone no.bullet (212) 938-1930
    Located atbullet115 WEST 29TH ST SUITE 603NEW YORKNY ZIP+4bullet100015060
    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
     
     
    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
    FRANK G HELMAN PRESIDENT
    30.00     		60,000 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    MARTHA H PEAK VICE-PRESIDENT
    30.00     		45,000 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    CARL R GRIFFIN III SECRETARY
    0.25     		11,700 0 0
    59 ATLANTIC AVE
    BOOTHBAY HARBOR,ME04538
    FRITZ WEINSCHENK DEC'D 32312 TREASURER
    10.00     		7,500 0 0
    3051 GRAND AVENUE
    BALDWIN,NY11510
    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..........................bullet0
    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
    12,672,774
    b
    Average of monthly cash balances.......................
    1b
    309,854
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,982,628
    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
    12,982,628
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    194,739
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,787,889
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    639,394
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    639,394
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    22,942
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22,942
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    616,452
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    616,452
    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
    616,452
    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
    765,863
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    765,863
    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
    765,863
    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 7 616,452
    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....... 198,918
    b From 2008....... 217,663
    c From 2009....... 348,620
    d From 2010....... 363,796
    e From 2011....... 319,678
    fTotal of lines 3a through e......... 1,448,675
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 765,863
    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..... 616,452
    e Remaining amount distributed out of corpus 149,411
    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 1,598,086
    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) ...     		198,918
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		1,399,168
    10 Analysis of line 9:
    a Excess from 2008.... 217,663
    b Excess from 2009.... 348,620
    c Excess from 2010.... 363,796
    d Excess from 2011.... 319,678
    e Excess from 2012.... 149,411
    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:
    MARTHA H PEAK VICE PRESIDENT AND GR
    OTTO AND FRAN WALTER FOUNDATION 7
    OAK STREET
    BOOTHBAY HARBOR,ME04538
    (207) 633-7300
    bThe form in which applications should be submitted and information and materials they should include:
    E-MAIL TO GRANTS@WALTERFOUNDATION.ORG REQUESTING FOUNDATION'S GUIDELINES FOR GIVING BEFORE SUBMITTING GRANT REQUEST.
    cAny submission deadlines:
    APPLICATIONS CONTINUOUSLY ACCEPTED THROUGHOUT YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR TO ANY PROGRAM OR ORGANIZATION THAT HAS A PURELY RELIGIOUS OR ETHNIC AGENDA OR THAT DISCRIMINATES BASED ON SEX OR SEXUAL ORIENTATION.
    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
    BRANDEIS UNIVERSITY
    415 SOUTH STREET
    WALTHAM,MA02453     		N/A PUBLIC CHARITY CENTER FOR GERMAN AND EUROPEAN STUDIES 30,000
    SELFHELP COMMUNITY SERVICES INC
    520 EIGHTH AVENUE
    NEW YORK,NY10018     		N/A PUBLIC CHARITY COFFEE HOUSE PROGRAM 25,000
    EUROPEAN UNION STUDIES CENTER THE GRADUATE CENTER FOUNDATION
    365 FIFTH AVENUE
    NEW YORK,NY10016     		N/A PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 50,000
    FED ASSOC INFO & ADVICE FOR NAZI VICTIM
    HOLWEIDER STR 13-15
    COLOGNE   51065
    GM     		N/A PUBLIC CHARITY EXPANSIONS OF CAFES 7,886
    MANNES COLLEGE OF MUSIC
    150 WEST 85TH STREET
    NEW YORK,NY10024     		N/A PUBLIC CHARITY TO FUND CONCERTS IN NURSING HOMES, SENIOR CENTERS AN 60,000
    METROPOLITAN OPERA NYC
    LINCOLN CENTER
    NEW YORK,NY10023     		N/A PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 7,000
    MUSKINGUM COLLEGE
    163 STORMONT STREET
    NEW CONCORD,OH43762     		N/A PUBLIC CHARITY DONATION OF PAINTING OF THE WALTERS TO BE HUNG IN WALTER HALL AT COST 54,000
    MUSKINGUM COLLEGE
    163 STORMONT STREET
    NEW CONCORD,OH43762     		N/A PUBLIC CHARITY TO SUPPORT CONSTRUCTION OF NEW BUILDING FOR MUSIC 312,500
    ASSOCIATION OF ISRAELIS CENTRAL EUROPEAN ORIGIN
    15 RAMBAN STREET
    TEL AVIV   61014
    IS     		N/A PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 324
    Total .................................bullet 3a 546,710
    bApproved for future payment
    MUSKINGUM COLLEGE
    163 STORMONT STREET
    NEW CONCORD,OH43762     		N/A PUBLIC CHARITY TO SUPPORT CONSTRUCTION OF NEW BUILDING FOR MUSIC 45,000
    ROTARY INTERNATIONAL
    777 UNITED NATIONS PLAZA
    NEW YORK,NY10017     		N/A PUBLIC CHARITY TO ENDOW A PEACE FELLOWSHIP 500,000
    FED ASSOC INFO & ADVICE FOR NAZI VICTIM
    HOLWEIDER STR 13-15
    COLOGNE   51065
    GM     		N/A PUBLIC CHARITY EXPANSIONS OF CAFES 30,400
    Total .................................bullet 3b 575,400
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 322,285  
    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     18 933,873  
    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).. 0 1,256,158 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,256,158
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    QUARTERLY ACCOUNTING 6,825 3,412   3,413
    PREPARATION OF FINANCIAL STMTS 4,550 2,275   2,275
    TAX REPORT SERVICES 4,400 2,200   2,200

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

    TY 2012 DepreciationSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE 2004-09-01 3,177 3,177 SL 7.000000000000 0 0    
    FURNITURE 2005-03-03 1,122 1,094 SL 7.000000000000 28 0    
    FURNITURE & FIXTURES 2007-07-01 8,049 5,175 SL 7.000000000000 1,150 0    
    OFFICE EQUIPMENT 2007-07-01 1,091 981 SL 5.000000000000 110 0    
    FURNITURE & FIXTURES 2008-02-06 1,470 823 SL 7.000000000000 210 0    
    COMPUTERS 2008-05-07 1,593 1,169 SL 5.000000000000 319 0    
    DRIVEWAY 2008-11-17 9,300 1,912 SL 15.000000000000 620 0    
    FILING CABINET 2009-03-27 1,102 432 SL 7.000000000000 157 0    
    COMPUTERS 2010-11-16 4,501 975 SL 5.000000000000 900 0    
    COMPUTERS 2011-11-28 5,368 89 SL 5.000000000000 1,074 0    
    COMPUTERS 2012-09-25 760   SL 5.000000000000 38 0    

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250,000 GE CAPITAL 5.4% DUE 02/15/2017 250,853 286,997
    150,000 GOLDMAN SACHS 5.25% DUE 10/15/2013 150,705 155,098
    100,000 HONEYWELL 5.3% DUE 03/01/2018 105,077 119,613
    150,000 IBM 5.7% DUE 09/14/2017 154,067 180,933
    150,000 ORACLE 5% DUE 07/08/2019 155,542 180,167
    150,000 TARGET CORPORATION 5.875% DUE 07/15/2016 153,633 177,019
    150,000 JP MORGAN CHASE 6% DUE 01/15/2018 158,481 179,588
    100,000 MEDTRONIC 4.75% DUE 09/15/2015 104,038 110,760
    125,000 FRANKLIN RESOURCES 3.125% DUE 05/20/2015 128,908 131,808
    100,000 TN VLY AUTH 4.375% DUE 06/15/2015 105,056 109,975
    150,000 MCDONALDS CORP 3.5% DUE 07/15/2020 151,727 166,081
    100,000 LOWES COMPANIES 3.75% DUE 04/15/2021 103,740 108,904
    100,000 TENN VALLEY AUT 3.875% DUE 02/15/2021 110,610 115,526
    150,000 BERSHIRE HATHAWAY 3.75% DUE 08/15/2021 165,349 164,324

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    6,120 A T & T 205,765 206,305
    980 AMERN FINANCIAL GROUP 28,965 38,730
    590 APPLE INC 127,590 313,982
    3,010 BRISTOL-MYERS SQUIBB CO 81,682 98,096
    2,164 CHEVRON TEXACO COR 165,208 234,015
    8,670 CISCO SYSTEMS INC 156,479 170,360
    4,127 CITIGROUP INC 165,938 163,264
    3,890 CMS ENERGY CORP 71,780 94,838
    2,210 CONOCOPHILLIPS 123,438 128,158
    4,205 EXXON MOBIL CORP 261,775 363,943
    2,755 GENERAL ELECTRIC CO 54,437 57,827
    1,730 HONEYWELL INTERNATIONAL 82,817 109,803
    2,040 INTEL CORP 49,950 42,065
    975 INTERNATIONAL BUSINESS MACHINES CORP 119,405 186,761
    1,160 JOHNSON & JOHNSON 75,727 81,316
    5,080 JPMORGAN CHASE & CO 216,653 223,363
    2,980 MACYS INC FKA FEDERATED DEPT STORES INC 82,818 116,279
    3,660 MARATHON OIL CORP 91,466 112,216
    8,470 MICROSOFT CORP 245,351 226,231
    770 SIMON PROPERTY GROUP NEW REIT 87,626 121,729
    2,080 UNITEDHEALTH GROUP INC 94,205 112,819
    1,010 VERIZON COMMUNICATIONS 34,630 43,703
    570 WATSON PHARMACEUTICALS 42,102 49,020
    1,630 ACCENTURE PLC CL A F 105,094 108,395
    2,280 ALASKA AIR GROUP INC DE 69,674 98,245
    430 BIOGEN IDEC INC 38,822 62,939
    828 CELGENE CORP 54,492 64,973
    930 CHUBB CORPORATION 56,004 70,048
    1,920 DIRECTV CL A 94,732 96,307
    1,540 FOOT LOCKER 31,065 49,465
    1,620 HOME DEPOT 52,816 100,197
    10,190 KEYCORP INC NEW 73,264 85,800
    1,020 MCKESSON CORPORATION 80,917 98,899
    100 N V R INC 72,197 92,000
    5,220 ORACLE CORPORATION 152,115 173,930
    8,700 PFIZER INCORPORATED 184,985 218,190
    2,050 PHILIP MORRIS INTL INC 143,189 171,462
    1,060 WYNDHAM WORLDWIDE CORP 35,679 56,403
    2,690 AKAMAI TECHNOLOGIES 78,039 110,048
    2,730 ALLSTATE CORPORATION 89,794 109,664
    3,190 AMERICAN INTL GROUP NEW 111,402 112,607
    1,280 APACHE CORP 104,384 100,480
    1,540 BOEING CO 111,244 116,054
    4,190 COMCAST CORP NEW CL A 125,905 156,538
    3,320 CONAGRA FOODS INC 92,303 97,940
    1,330 CONSTEALLTION BRAND CL A 33,048 47,069
    7,710 CORNING INC 93,993 97,300
    2,300 COVANTA HOLDING CORP 39,673 42,366
    1,690 COVIDEN PLC NEW 92,339 97,580
    3,290 DELTA AIR LINES INC NEW 44,105 46,530
    1,160 DISNEY WALT CO 49,128 57,756
    550 DOMTAR CORPORATION NEW F 39,828 45,936
    520 ENERGIZER HOLDING INC 41,192 41,590
    320 FLOWSERVE CORPORATION 44,551 46,976
    820 FLUOR CORPORATION NEW 42,788 48,167
    750 FRANKLIN RESOURCES INC 95,201 94,275
    2,790 FREEPORT MEMORAN COPPER 116,767 95,418
    3,170 GANNETT CO INC DEL 59,062 57,092
    1,650 GENERAL MOTORS CO 43,736 47,570
    870 IAC/INTERACTIVE CORP NEW 41,063 41,101
    845 JARDEN CORP 43,236 43,687
    4,790 KROGER COMPANY 114,836 124,636
    990 LEAR CORPORATION 40,292 46,371
    1,690 MARRIOTT INTL INC CL A 60,616 62,986
    3,910 MERCK & CO INC NEW 148,103 160,075
    6,510 NVIDIA CORP 88,413 79,813
    1,650 PINACCLE WEST CAPITAL 87,905 84,117
    1,970 PLAINS EXPL & PRODTN CO 73,768 92,472
    2,110 PLUM CREEK TIMBER CO REIT 87,920 93,621
    1,660 RAYTHEON COMPANY NEW 94,293 95,550
    2,640 SYNOPSYS INC 77,188 84,045
    860 TRW AUTOMOTAVE HOLDINGS 39,969 46,105
    630 UNION PACIFIC CORP 72,183 79,204
    1,140 URBAN OUTFITTERS INC 42,381 44,870
    620 VARIAN MEDICAL SYSTEMS 43,174 43,549
    2,910 WALGREEN COMPANY 104,154 107,699
    3,200 WELLS FARGO % CO 107,908 109,376
    1,420 WYNDHAM WORLDWIDE CORP 78,482 94,657
    3M COMPANY 139,527 145,775

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    US Government Securities - End of Year Book Value:

    2,101,714
    US Government Securities - End of Year Fair Market Value:

    2,401,669
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2012 LandEtcSchedule2
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 3,177 3,177 0  
    FURNITURE 1,122 1,122 0  
    FURNITURE & FIXTURES 8,049 6,325 1,724  
    OFFICE EQUIPMENT 1,091 1,091 0  
    FURNITURE & FIXTURES 1,470 1,033 437  
    COMPUTERS 1,593 1,488 105  
    DRIVEWAY 9,300 2,532 6,768  
    FILING CABINET 1,102 589 513  
    COMPUTERS 4,501 1,875 2,626  
    COMPUTERS 5,368 1,163 4,205  
    COMPUTERS 760 38 722  


    TY 2012 OtherAssetsSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT - RENT 960 960 960
    ACCRUED INVESTMENT INCOME 44,172 44,979 44,979


    TY 2012 OtherExpensesSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEL, COMPUTER & INTERNET 10,942 2,736   8,206
    INSURANCE 1,384 346   1,038
    OFFICE & POSTAGE 8,303 2,076   6,057
    DUES,FEES & PERMITS 4,711 0   4,711
    OFFICE SERVICES 1,584 396   1,188


    TY 2012 OtherIncreasesSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Amount
    ACCRUED GRANTS PAID 426,824


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVICE 78,038 39,019   38,634


    TY 2012 TaxesSchedule
    Name:
    OTTO AND FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 22,942 0   0
    PAYROLL 13,036 3,259   9,777