TY 2012 Form 990PF

- TIN:

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 06-01-2012 , and ending 05-31-2013

Name of foundation
THE WAITE & GENEVIEVE PHILLIPS FDN

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5726 Room/suite

City or town, state, and ZIP code
SANTA FE, NM875025726

A Employer identification number

85-0335071

B Telephone number (see instructions)

(505) 983-4592

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$11,958,440J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	2,265		2,265	2,265
4	Dividends and interest from securities......	423,056		423,056	423,056
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		656,414
b	Gross sales price for all assets on line 6a 4,207,434
7	Capital gain net income (from Part IV, line 2)...			0
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).......		3,513	3,513	3,513
12	Total. Add lines 1 through 11........	1,085,248		428,834	428,834
13	Compensation of officers, directors, trustees, etc.	94,325		11,981	27,399	54,945
14	Other employee salaries and wages......	26,025		12,776	10,599	2,650
15	Pension plans, employee benefits.......	42,542		15,008	14,132	13,402
16a	Legal fees (attach schedule).........		1,141		1,141
b	Accounting fees (attach schedule).......		3,607		3,607
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)		13,034	1,894	6,734	4,406
19	Depreciation (attach schedule) and depletion...		7,813		7,813
20	Occupancy..............	17,139		4,383	4,822	7,934
21	Travel, conferences, and meetings.......	6,795			4,552	2,243
22	Printing and publications..........
23	Other expenses (attach schedule).......		6,081	3,438	999	1,644
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	218,502		49,480	81,798	87,224
25	Contributions, gifts, grants paid........	481,100				481,100
26	Total expenses and disbursements. Add lines 24 and 25	699,602		49,480	81,798	568,324
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	385,646
b	Net investment income (if negative, enter -0-)			379,354
c	Adjusted net income (if negative, enter -0-)...				347,036

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	161,411	44,138	44,138
	2	Savings and temporary cash investments..........	1,134,633	1,414,069	1,406,140
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	8,390	4,697	4,697
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	5,694,406	4,982,125	6,298,409
	c	Investments—corporate bonds (attach schedule)........	1,000,020	600,012	580,920
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,928,365	3,275,993	3,293,492
	14	Land, buildings, and equipment: basis 310,962
		Less: accumulated depreciation (attach schedule) 189,617	129,158	121,345	327,533
	15	Other assets (describe )	3,111	3,111	3,111
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,059,494	10,445,490	11,958,440
	17	Accounts payable and accrued expenses..........	2,662	3,023
	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 )	7	3
	23	Total liabilities (add lines 17 through 22)..........	2,669	3,026
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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	6,266,409	6,266,409
	29	Retained earnings, accumulated income, endowment, or other funds	3,790,416	4,176,055
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	10,056,825	10,442,464
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	10,059,494	10,445,490

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	10,056,825
2	Enter amount from Part I, line 27a.....................	2	385,646
3	Other increases not included in line 2 (itemize)	3	-7
4	Add lines 1, 2, and 3..........................	4	10,442,464
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	10,442,464

Form 990-PF (2012)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		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? Yes No

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	491,997	10,829,494	0.045431
2010	553,102	10,967,566	0.050431
2009	549,059	10,598,976	0.051803
2008	458,866	10,252,858	0.044755
2007	509,757	12,100,828	0.042126

2	Total of line 1, column (d) ......................	2	0.234546
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	0.046909
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	11,183,596
5	Multiply line 4 by line 3.......................	5	524,611
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,794
7	Add lines 5 and 6.........................	7	528,405
8	Enter qualifying distributions from Part XII, line 4..............	8	568,324
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,794
	hereand 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	3,794
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,794
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	5,867
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,867
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,073
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax2,073	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

THE WAITE & GENEVIEVE PHILLIPS FDN Telephone no. bullet

(505) 983-4592

Located at bullet

525 E PALACESANTA FENM ZIP+4 bullet

875012046

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
ELLIOTT W PHILLIPS	CHAIRMAN EMERITUS 7.00	5,180	4,908	0
1615 S BRYAN PLACE 2 AMARILLO,TX79102	CHAIRMAN EMERITUS 7.00	5,180	4,908	0
JULIE PHILLIPS PUCKETT	CHAIRMAN-PRESIDENT 20.00	62,605	8,783	0
2810 S BONHAM AMARILLO,TX79109	CHAIRMAN-PRESIDENT 20.00	62,605	8,783	0
TOM COKER	DIRECTOR 3.00	4,180	2,903	0
2389 US HWY 283 SOUTH SEYMOUR,TX76380	DIRECTOR 3.00	4,180	2,903	0
CONNIE J WOOTTON	SR VICE-PRES/SEC-TRE 3.00	10,000	2,906	0
5476 WHITE FENCE ROAD CANYON,TX79015	SR VICE-PRES/SEC-TRE 3.00	10,000	2,906	0
DOUGLAS CLAY HOLCOMB	VICE-PRESIDENT 3.00	8,360	9,292	0
620 TAYLOR ST SUITE 302 AMARILLO,TX79101	VICE-PRESIDENT 3.00	8,360	9,292	0
LELA PHILLIPS PUCKETT	DIRECTOR 3.00	4,000	0	0
2804 S TRAVIS AMARILLO,TX79109	DIRECTOR 3.00	4,000	0	0

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2012)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,625,906

Average of monthly cash balances.......................

1,599,651

Fair market value of all other assets (see instructions)................

128,348

Total (add lines 1a, b, and c).........................

11,353,905

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

11,353,905

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see

instructions) .............................

170,309

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

11,183,596

Minimum investment return. Enter 5% of line 5..................

559,180

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

559,180

Tax on investment income for 2012 from Part VI, line 5......

3,794

Income tax for 2012. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,794

Distributable amount before adjustments. Subtract line 2c from line 1............

555,386

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

555,386

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

555,386

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

568,324

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

568,324

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).................

3,794

Adjusted qualifying distributions. Subtract line 5 from line 4..............

564,530

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)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2011	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7				555,386
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......			3,760
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2012:
a From 2007.......
b From 2008.......
c From 2009.......
d From 2010.......
e From 2011.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2012 from Part
XII, line 4: $ 568,324
a Applied to 2011, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions)......
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2012 distributable amount.....				555,386
e Remaining amount distributed out of corpus		12,938
5 Excess distributions carryover applied to 2012.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		12,938
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............			3,760
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		12,938
10 Analysis of line 9:
a Excess from 2008....
b Excess from 2009....
c Excess from 2010....
d Excess from 2011....
e Excess from 2012....	12,938

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

ALL ASSETS RECEIVED DIRECTLY OR IND

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED SCHEDULE VARIOUS VARIOUS,TX79101		GOOD	GENERAL USE	481,100
Total ................................. 3a				481,100

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	2,265
4 Dividends and interest from securities....			14	423,056
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	656,414
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)..				1,081,735

13Total. Add line 12, columns (b), (d), and (e)..................

131,081,735

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2012 AccountingFeesSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BROSIER & BUCHANAN PTRS ACCOUNTING	3,607

- TIN:

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

TY 2012 GainLossSaleOtherAssetsSch

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Basis Method	Total (net)
200,000 UNITS CREDIT SUISSE MEDIUM TS INDEX AND THE RUSSELL 2000 INDEX	2012-08	Purchased	2013-01	200,000	200,000	Cost
2,300 SHS AT&T INC COM	2004-06	Purchased	2013-04	84,003	45,224	Cost	38,779
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
1,000 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	42,019	25,090	Cost	16,929
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
200 SHS COCA COLA COMPANY	2009-06	Purchased	2013-04	8,404	5,018	Cost	3,386
2,000 SHS GENERAL MILLS INC CO	1998-11	Purchased	2013-04	98,591	36,664	Cost	61,927
1,400 SHS JOHNSON & JOHNSON CO	1989-05	Purchased	2013-04	117,791	8,778	Cost	109,013
100 SHS JOHNSON & JOHNSON CO	2009-06	Purchased	2013-04	8,414	5,692	Cost	2,722
1,200 SHS MERCK & CO INC NEW	1994-04	Purchased	2013-04	57,350	16,626	Cost	40,724
1,000 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	47,791	28,032	Cost	19,759
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
100 SHS MERCK & CO INC NEW	2009-06	Purchased	2013-04	4,779	2,804	Cost	1,975
800 UNITS HARRIS CAP PFD EXCH 5% CALLABLE	2007-04	Purchased	2013-04	20,000	20,398	Cost	-398
2,000 UNITS HARRIS CAP PFD EXCH 5% CALLABLE	2007-04	Purchased	2013-04	50,000	50,987	Cost	-987
400 UNITS HARRIS CAP PFD EXCH 5% CALLABLE	2007-04	Purchased	2013-04	10,000	10,197	Cost	-197
200 UNITS HARRIS CAP PFD EXCH 5% CALLABLE	2007-04	Purchased	2013-04	5,000	5,099	Cost	-99
1,600 UNITS HARRIS CAP PFD EXCH 5% CALLABLE	2007-04	Purchased	2013-04	40,000	40,789	Cost	-789
19,000 UNITS AMERICAN RLTY CAP PP M	2012-03	Purchased	2013-05	308,121	200,000	Cost	108,121
5,000 UNITS HEALTHCARE TR AMER I	2011-02	Purchased	2013-05	61,897	50,000	Cost	11,897
5,000 UNITS HEALTHCARE TR AMER I	2011-02	Purchased	2013-05	61,897	50,000	Cost	11,897
3,500 SHS HEINZ H J COMPANY	2000-05	Purchased	2013-05	251,995	122,061	Cost	129,934
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,953	Cost	3,247
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
82 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	5,904	3,239	Cost	2,665
190 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	13,680	7,504	Cost	6,176
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
28 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	2,016	1,106	Cost	910
100 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	7,200	3,949	Cost	3,251
1,500 SHS HEINZ H J COMPANY	2009-08	Purchased	2013-05	107,998	59,242	Cost	48,756
3,000 SHS HONEYWELL INTL INC	2011-02	Purchased	2013-05	217,868	173,226	Cost	44,642
51 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	1,275	1,275	Cost
200 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	5,000	5,000	Cost
500 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	12,500	12,490	Cost	10
100 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	2,500	2,500	Cost
100 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	2,500	2,488	Cost	12
200 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	5,000	5,000	Cost
300 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	7,500	7,500	Cost
100 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	2,500	2,500	Cost
100 UNITS BANK ONE CAP VI PFD	2009-08	Purchased	2013-05	2,500	2,500	Cost
200,000 UNITS CREDIT SUISSE MEDIUM TERM BK NTS LINKED	2011-12	Purchased	2012-08	200,000	200,004	Cost	-4
200,000 UNITS CREDIT SUISSE MEDIUM TERM BK NTS LKD TO	2011-11	Purchased	2012-09	200,000	200,004	Cost	-4
200,000 UNITS CREDIT SUISSE MTN HIGH LOW CPN YIELD	2012-06	Purchased	2012-09	200,000	200,004	Cost	-4
200,000 UNITS CREDIT SUISSE MEDIUM TERM BK NTS	2012-05	Purchased	2012-11	200,000	200,004	Cost	-4
200,000 UNITS BNP PARIBAS US MTN NT PROGRAM LLC	2012-03	Purchased	2012-12	200,000	200,004	Cost	-4
200,000 UNITS CREDIT SUISSE MED TRM NTS LKD PERF	2011-07	Purchased	2012-07	118,114	200,004	Cost	-81,890
5,000 UNITS FLEET TR VIII PFD SECS 7.2%	2007-04	Purchased	2012-07	125,000	127,304	Cost	-2,304
1,000 SHS VERIZON COMMUNICATIONS COM	2006-03	Purchased	2012-08	43,898	31,134	Cost	12,764
4,800 SHS VERIZON COMMUNICATIONS COM	2006-03	Purchased	2012-08	210,711	149,430	Cost	61,281
1,000 SHS VERIZON COMMUNICATIONS COM	2007-11	Purchased	2012-08	43,898	39,049	Cost	4,849
1,500 SHS VERIZON COMMUNICATIONS COM	2007-11	Purchased	2012-08	65,847	58,569	Cost	7,278
100 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	2,500	2,627	Cost	-127
100 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	2,500	2,623	Cost	-123
200 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	5,000	5,246	Cost	-246
100 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	2,500	2,623	Cost	-123
500 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	12,500	13,115	Cost	-615
400 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	10,000	10,492	Cost	-492
1,100 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	27,500	28,750	Cost	-1,250
400 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	10,000	10,453	Cost	-453
100 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	2,500	2,612	Cost	-112
1,000 SHS NEXTERA ENERGY CAP HLDGS INC	2008-03	Purchased	2012-09	25,000	26,123	Cost	-1,123
5,000 UNITS BAC CAP TR I GTD CAP SECS PFD 7.00%	2007-04	Purchased	2012-11	125,000	127,454	Cost	-2,454
400 UNITS BAC CAP TR II GTD CAP SECS 7.00%	2006-09	Purchased	2012-11	10,000	10,228	Cost	-228
1,000 UNITS BAC CAP TR II GTD CAP SECS 7.00%	2006-09	Purchased	2012-11	25,000	25,560	Cost	-560
400 UNITS BAC CAP TR II GTD CAP SECS 7.00%	2006-09	Purchased	2012-11	10,000	10,224	Cost	-224
2,200 UNITS BAC CAP TR II GTD CAP SECS 7.00%	2006-09	Purchased	2012-11	55,000	56,166	Cost	-1,166
5,000 UNITS BAC CAP TR XII 6.875% GTD CAP SEC	2007-05	Purchased	2012-11	125,000	130,554	Cost	-5,554
20,319 UNITS FT UNIT 2647 BICK PORT SER 4 MONTHLY	2010-11	Purchased	2012-11	158,454	199,856	Cost	-41,402

- TIN:

TY 2012 InvestmentsCorpBondsSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CREDIT SUISSE MEDIUM TERM BK NTS 6/12/14 B/E DTD 12/12/12	200,004	194,900
CREDIT SUISSE MTN HIGH/LOW CPN CLB YLD 4/23/14 B/E DTD 10/23/12	200,004	195,460
CREDIT SUISSE MEDIUM TERM BK NTS 3/27/18 B/E DTD 3/27/13	200,004	190,560

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Name of Stock	End of Year Book Value	End of Year Fair Market Value
4400 SHS AFLAC INC COM	205,194	245,036
6600 SHS AT&T	177,044	230,934
600 SHS APPLE INC COM	307,003	269,841
2500 SHS CATERPILLAR INC COM	208,923	214,500
2900 SHS CHEVRON TEXACO	205,531	355,975
8000 SHS COCA COLA	240,196	319,920
6000 SHS CONOCO PHILLIPS	235,820	368,040
2200 SHS CUMMINS INC	206,995	263,186
3700 SHS EXXON MOBIL	219,209	334,739
7000 SHS GENERAL MILLS	168,415	329,560
5000 SHS JOHNSON & JOHNSON	298,711	420,900
4000 SHS KELLOGG CO	254,843	248,200
2100 SHS MCDONALD CORP	204,084	202,797
9000 SHS MERCK & CO	295,213	420,300
4000 NATIONAL OILWELL VARCO INC	262,450	281,200
3000 SHS NORFOLK SOUTHERN CORP	199,086	229,770
9000 SHS PFIZER INC COM	201,518	245,070
3000 SHS PHILLIPS 66 COM	70,082	199,710
2900 SHS PROCTOR & GAMBLE	156,945	222,604
4000 SHS WASTE MANAGEMENT	153,074	167,720
1590 SHS AXIS CAPITAL HOLDINGS	40,625	40,227
5000 SHS ASSURED GTY MUN HLDGS	125,654	124,550
4000 SHS ENTERGY MISS 1ST	101,545	102,760
5000 SHS MERRILL LYNCH CAP V	129,351	127,450
5000 SHS MORGAN STANLEY CAP TR VI CAP	128,754	126,300
8000 SHS NAT WEST ADR	185,860	207,120

- TIN:

TY 2012 InvestmentsOtherSchedule2

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Category/ Item	Book Value	End of Year Fair Market Value
10000 HEALTHCARE TRUST OF AMERICA	100,000	114,900
20000 UNITS CARTER VALIDUS MISSION CRITICAL REIT	288,790	300,000
10000 UNITS UNITED DEVELOPMENT FUNDING IV	300,000	300,000
20000 UNITS AMERICAN REALTY CAPITAL TRUST III REIT	189,118	200,000
20000 UNITS KBS REIT III	289,381	300,000
20000 UNITS PHILLIPS EDISON-ARC	186,902	200,000
20199 UNITS FT UNIT 3440 GLOBAL EQUITY INC CLOSED	200,003	195,930
18519 UNITS FS INVESTMENT CORP	200,000	200,000
19804 UNITS FS INVESTMENT CORP 2	202,000	207,941
30000 UNITS SIERRA INCOME CORP	300,000	312,000
20000 UNITS FT UNIT 3702 BICK PORT SER 8 SEMI	208,370	202,600
20184 UNITS FT UNIT 3857 GLOBAL BD INCOME	199,018	178,023
19350 UNITS FT UNIT 3872 DIVERSIFIED HIGH	206,422	200,273
19145 UNITS FT UNIT 3904 HIGH YIELD INCOME CLOSED	200,010	187,812
20750 UNITS FT UNIT 4123 HIGH YIELD INCOME CLOSED	205,979	194,013

- TIN:

TY 2012 LandEtcSchedule2

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
OFFICE BUILDING SITE	55,370		55,370
OFFICE BUILDING	245,906	180,106	65,800
OFFICE FURNITURE & EQUIPMENT	9,686	9,511	175

- TIN:

TY 2012 OtherAssetsSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111

- TIN:

TY 2012 OtherAssetsSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111

- TIN:

TY 2012 OtherAssetsSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111
STATE PAYROLL TAX BOND	3,111	3,111	3,111

- TIN:

TY 2012 OtherExpensesSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL MEMBERSHIPS	2,529	2,529
DIRECTORS AND OFFICERS LIAB INS	1,575	403	443	729
OFFICE EXP, POSTAGE & MISC	1,220	312	343	565
WORKERS COMP PREMIUM	757	194	213	350

- TIN:

TY 2012 OtherIncomeSchedule2

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
REIMBURSEMENT
CLASS ACTION SETTLEMENT	3,513	3,513	3,513

- TIN:

TY 2012 OtherIncreasesSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Description	Amount
ROUNDING	-7

- TIN:

TY 2012 TaxesSchedule

Name:

THE WAITE & GENEVIEVE PHILLIPS FDN

EIN: 85-0335071

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX FOR THE YEAR ENDED MAY 31, 2012	3,793		3,793
PAYROLL EXPENSES	9,241	1,894	2,941	4,406