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
FARRER ENDOWMENT FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1567   Room/suite
City or town, state, and ZIP code
MASON CITY, IA504021567
A Employer identification number

42-1214699
B Telephone number (see instructions)

(641) 423-5154
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$5,337,529J 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 216,498 216,498  
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 18,659
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........ 216,498 235,157  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 18,648 18,648   18,648
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment -66      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,582 18,648   18,648
25 Contributions, gifts, grants paid........ 209,100 209,100
26 Total expenses and disbursements. Add lines 24 and 25 227,682 18,648   227,748
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,184
b Net investment income (if negative, enter -0-) 216,509
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............... 13,746 13,160 13,160
2 Savings and temporary cash investments.......... 235,329 238,042 238,042
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 880,006 Click to see attachment207,327 195,169
b Investments—corporate stock (attach schedule)........ 2,721,989 Click to see attachment2,756,881 2,974,424
c Investments—corporate bonds (attach schedule)........ 1,217,172 Click to see attachment1,862,347 1,916,734
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,068,242 5,077,757 5,337,529
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment-4,040 Click to see attachment-2,000
23 Total liabilities (add lines 17 through 22).......... -4,040 -2,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,072,282 5,079,757
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,072,282 5,079,757
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,068,242 5,077,757
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 5,072,282
2 Enter amount from Part I, line 27a..................... 2 -11,184
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 18,659
4 Add lines 1, 2, and 3.......................... 4 5,079,757
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,079,757
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 CAPITAL GAINS DIVIDENDS P 2011-01-01 2012-12-31
b NEXTERA ENERGY CAP P 2007-09-25 2012-09-04
c BANK OF AMERICA P 2005-09-13 2012-11-05
d TEMPLETON FUND P 2011-01-01 2012-06-27
e USB CAPITAL P 2007-11-30 2012-05-18
GNMA BONDS P 2009-01-01 2012-02-17
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 18,671 0 0 18,671
b 25,000 0 25,956 -956
c 17,500 0 18,214 -714
d 175,000 0 166,568 8,432
e 25,000 0 22,505 2,495
200,734 0 210,003 -9,269
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 0 0 0 18,671
b 0 0 0 -956
c 0 0 0 -714
d 0 0 0 8,432
e 0 0 0 2,495
0 0 0 -9,269
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 18,659
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 241,873 5,060,334 0.047798
2010 218,497 4,792,919 0.045587
2009 165,950 4,443,318 0.037348
2008 259,225 4,866,031 0.053272
2007 221,449 5,212,924 0.042481
2 Total of line 1, column (d) ...................... 2 0.226486
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 0.045297
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 5,176,887
5 Multiply line 4 by line 3....................... 5 234,497
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,165
7 Add lines 5 and 6......................... 7 236,662
8 Enter qualifying distributions from Part XII, line 4.............. 8 227,748
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 4,330
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 4,330
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 4,330
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 2,000
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.............. Tax Paid Original Return: 2000 7 2,000
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 2,330
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    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 addressbulletN/A
    14
    The books are in care ofbulletHEINY LAW FIRM PLC Telephone no.bullet (641) 423-5154
    Located atbullet11 FOURTH ST NEMASON CITYIA ZIP+4bullet50401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    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
    JAMES R HEINY PRESIDENT
    7.00     		0 0 0
    MASON
    CITY,IA50401
    FRANK B INGHRAM V-P, TREASURER
    12.00     		0 0 0
    MASON
    CITY,IA50401
    GERALD M STAMBAUGH SEC'Y
    7.00     		0 0 0
    MASON
    CITY,IA50401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,226,380
    b
    Average of monthly cash balances.......................
    1b
    29,343
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,255,723
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,255,723
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    78,836
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,176,887
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    258,844
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    258,844
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    4,330
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,330
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    254,514
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    254,514
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    254,514
    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
    227,748
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    227,748
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    227,748
    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 7 254,514
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 202,965
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 227,748
    a Applied to 2011, but not more than line 2a 202,965
    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..... 24,783
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		229,731
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    GERALD M STAMBAUGH SECRETARY
    P O BOX 1567
    MASON CITY,IA504021567
    (641) 423-5154
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST IN SPECIFIC FORM
    cAny submission deadlines:
    JANUARY THRU APRIL 30 EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    KINNEY PIONEER MUSEUM
    P O BOX 421
    MASON CITY,IA50402     		  501C3 REPLACEMENTROOF 3,000
    TLC BROADCASTING CORPORATION
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 ELECTRONICSREPLACE 7,500
    CHARLIE BROWN PRESCHOOL
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 FOR INFANTS &LEARNING SETTODDLERS 3,000
    COMMUNITY KITCHEN N I
    P O BOX 58
    MASON CITY,IA50402     		  501C3 PURCHASESFOOD 3,500
    MEALS ON WHEELS
    P O BOX 58
    MASON CITY,IA50402     		  501C3 SUPPORTPROGRAM 3,000
    OPPORTUNITY VILLAGE
    1200 NORTH 9TH STREET WEST
    CLEAR LAKE,IA50428     		  501C3 OF CONCRETEINSTALLATIONPAD 4,000
    INSTR MUSIC BOOSTERS FDN
    P O BOX 111
    MASON CITY,IA50402     		  501C3 FRENCH HORNPURCHASE 3,100
    FRANCIS LAUER YOUTH SERVICES
    50 NORTH EISENHOWER AVE
    MASON CITY,IA50401     		  501C3 CONT EDUC&TRAININGLICENSING 33,000
    CARING PREGNANCY CTR INC
    830 15TH STREET S W
    MASON CITY,IA50401     		  501C3 BABYPURCHASESUPPLIES 2,000
    NIACC FOUNDATION
    500 COLLEGE DRIVE
    MASON CITY,IA50401     		  501C3 CAMPUS LANDSCAPESCHOLARSHIPSRENEWAL 8,000
    FRIENDS OF IOWA CASA
    220 NORTH WASHINGTON AVE
    MASON CITY,IA50401     		  501C3 RECRUITMENTVOLUNTEER 1,000
    NORTH IOWA VOCATIONAL CENTER INC
    1225 SOUTH HARRISON AVE
    MASON CITY,IA50401     		  501C3 REPAIR HVACYOUTH TRANSITIONS 10,000
    THE CHORAL MUSIC GUILD
    1700 FOURTH STREET S E
    MASON CITY,IA50401     		  501C3 IN FEMA BLDGSOUND SYSTEM 2,500
    NORTHERN LIGHTS ALLIANCE FOR HOMELESS
    50 CRESCENT DR
    MASON CITY,IA50401     		  501C3 OPERATIONS 5,000
    NORTH CENTRAL IA AG IN THE CLASS PROGRAM
    65 STATE STREET PO BOX 68
    GARNER,IA504380068     		  501C3 AG EDUCATIONEXPANSION OFWEEK 1,000
    NORTH IOWA BAND FESTIVAL FD
    25 WEST STATE STREET
    MASON CITY,IA50401     		  501C3 FOR HIGH SCHOOLTRAVEL STIPENDSMARCHING BANDS 7,500
    STEBENS CHILDREN'S THEATRE
    616 NORTH DELAWARE AVE
    MASON CITY,IA50401     		  501C3 IMPROVEMENTSCAPITAL 2,500
    HANCOCK CO AGRICULTURAL MUSEUM
    2090 JAMES AVENUE
    BRITT,IA50423     		  501C3 FLOOR FOR AG MUSEUMCONCRETE 2,000
    CITY OF MASON CITY
    303 2ND ST SE
    MASON CITY,IA50401     		  501C3 OF THE 457RESTORATION 1,500
    COMMUNITY POLICING AD BD
    78 S GEORGIA AVE
    MASON CITY,IA50401     		  501C3 MATERIALSEDUCATIONAL 1,000
    ROCKWELL SWALEDALE EMT
    3 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 CARDIAC MONITORPURCHASE OFDEFIBRILLATOR 5,000
    CITY OF SWALEDALE
    3 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 STATIONUPGRADE FIRE 2,500
    YOUTH SPORTS FOUNDATION
    2923 CEDAR ST SUITE 3
    MUSCATINE,IA52761     		  501C3 EQUIPMENT 2,000
    CERRO GORDO FREE HEALTH CARE CLINIC
    1443 EAST STREET
    MASON CITY,IA50401     		  501C3 MEDICATION FORPRESCRIPTIONPATIENTS 5,000
    NIAD CENTER FOR HUMAN DEV
    P O BOX 656
    MASON CITY,IA50402     		  501C3 OR 3 STALLCONSTRUCTIONGARAGE 4,000
    NORTH IOWA COMMUNITY ACTION
    P O BOX 1627
    MASON CITY,IA50401     		  501C3 MENTORINGTECHNOLOGYPROGRAM 6,000
    CENTRAL PRESCHOOL
    601 MILWAUKEE ST SUITE 1
    CHARLES CITY,IA50616     		  501C3 & SOFTWAREIT HARDWARE 4,000
    HABITAT FOR HUMANITY
    1411 SOUTH TAFT AVENUE
    MASON CITY,IA50401     		  501C3 SIGNAGE 1,000
    WINNEBAGO HISTORIAL SOCIETY
    P O BOX 27
    FOREST CITY,IA504360027     		  501C3 OF AWNINGCONSTRUCTION 3,000
    CITY OF MASON CITY
    1344 N KENTUCKY
    MASON CITY,IA50401     		  501C3 TEAM ART CONTESTDIVERSITY APP 500
    IOWA LEGAL AID
    600 1ST STREET NW SUITE 103
    MASON CITY,IA50401     		  501C3 SCANNERCOPIER 3,000
    CLEAR LAKE ARTS COUNCIL
    17 SOUTH 4TH STREET
    CLEAR LAKE,IA50428     		  501C3 ACTIVITIESARTISTIC 500
    CITY OF ROCKWELL
    801 EAST ELM STREET
    ROCKWELL,IA50469     		  501C3 LIFEJAWS OF 5,000
    RIVER CITY SOCIETY FOR HISTORIC PRESERVATION
    431 1ST STREET SE
    MASON CITY,IA50401     		  501C3 OF VISUALCONSTRUCTIONBARRIER 2,000
    CITY OF MASON CITY
    225 2ND STREET SE
    MASON CITY,IA50401     		  501C3 PLAYGROUNDPARKERS WOODSEQUIPMENT 2,500
    NORTHWOOD-KENSETT COMMUNITY SCHOOL DISTRICT
    P O BOX 289
    NORTHWOOD,IA594590289     		  5O1C3 AND BANDMUSICAL INSTRUMENTSUNIFORMS 7,000
    CITY OF KLEMME
    118 N 4TH ST
    KLEMME,IA50449     		  501C3 UPGRADESTECHNOLOGY 1,500
    UNITED WAY OF NORTH IOWA
    600 FIRST STREET NW
    MASON CITY,IA50401     		  501C3 TEENSCREENSUPPORT NORTH CENTRAL IOWAPROGRAM 3,000
    WRIGHT ON THE PARK INC
    P O BOX 792
    MASON CITY,IA504020792     		  501C3 DVD DOCUMENTARYCOMPLETION OF 2,000
    FOREST CITY FIRSFIGHTERS ASSOC
    P O BOX 328
    FOREST CITY,IA504360328     		  501C3 CONSTRUCTIONPHASE I PREEMERGENCY SERVICES CTR 5,000
    CITY OF MASON CITY
    78 SOUTH GEORGIA AVE
    MASONC CITY,IA50401     		  501C3 COMMUNICATIONMOTORCYCLEEQUIPMENT 2,000
    GARNER COMMUNITY CENTER INC
    19 COUNTRY CLUB COURT
    GARNER,IA50438     		  501C3 AVERY THEATREPLUMBING FOR 3,000
    CONSUMER CREDIT COUNSELING
    404 SOUTH MONROE AVE
    MASON CITY,IA50401     		  501C3 & 2 MONITORSPURCHASE 2 COMPUTERS 500
    BETHLEHEM LUTHERAN CHURCH
    419 NORTH DELAWARE AVE
    MASON CITY,IA50401     		  501C3 CRIBSPURCHASE OF 1,500
    TLC THE LEARNING CENTER
    404 NORTH JACKSON
    CHARLES CITY,IA50616     		  501C3 EQUIPMENT FORFURNITURE FIXTURESCHILDCARE 2,000
    MASON CITY CHAMBER OF COMMERCE FDN
    9 NORTH FEDERAL
    MASON CITY,IA50401     		  501C3 FURNISHINGSCONFERENCE ROOM 3,000
    NORTH IOWA CHRISTIAN SCHOOL
    724 19TH STREETNE
    MASON CITY,IA50401     		  501C3 SMART BOARDSPURCHASE 3 1,000
    CITY OF MASON CITY
    78 SOUTH GEORGIA AVE
    MASON CITY,IA50401     		  501C3 AUTOMATEDEXTERNALDEFIBRILLATOR 1,500
    NORTHERN IOWA RIVER GREENBELT ASSN
    282813TH STREET
    BELMOND,IA50421     		  501C3 TRAIL SYSTEMSIDEWALK &ENHANCEMENT 1,000
    LAKE MILLS AREA HIST SOC
    3833 DOGWOOD AVE
    JOICE,IA50446     		  501C3 WALKWAYHANDICAPPEDPROJECT 1,000
    LUTHERAN SERVICES IN IOWA INC
    3116 UNIVERSITY AVE
    DES MOINES,IA50311     		  501C3 PARENT PARTNERSFUNDING FORPROGRAM 3,000
    MASON CITY COMMUNITY SCHOOL DISTRICT
    1625 SOUTH PENNSYLVANIA AVE
    MASON CITY,IA50401     		  501C3 BEHAVIORSUPPORT POSITIVEINTERVENTIONS 2,000
    AMERICAN RED CROSS OF NORTH CENTRAL IOWA
    525 1ST STREET NE
    MASON CITY,IA50401     		  501C3 SUPPORT 500
    CITY OF MASON CITY DOG PARK
    506 4TH STREET SW
    MASON CITY,IA50401     		  501C3 DOG PARK 5,000
    CITY OF MASON CITY
    10 FIRST STREET NW
    MASON CITY,IA50401     		  501C3 PARKGEORGIA HANFORDIMPROVEMENTS 2,000
    MASON CITY PUBLIC LIBRARY FDN
    225 2ND ST SE
    MASON CITY,IA50401     		  501C3 TUTORINGFUNDING ONLINESERVICES 2,000
    MASON CITY SWIM CLUB
    P O BOX 1096
    MASON CITY,IA504021096     		  501C3 COLORADO TIMINGPURCHASE 8-LANESYSTEM 3,000
    BOYSCOUTS OF AMERICA TRP12
    P O BOX 1588
    MASON CITY,IA504021588     		  501C3 CARGOPURCHASETRAILER 2,500
    CITY OF ROCK FALLS
    6 WEST MILL STREET
    ROCK FALLS,IA50467     		  501C3 STRUCTURE FORNEW PLAYCITY PARK PLAYGROUND 2,000
    CITY OF MASON CITY
    303 2ND ST SE
    MASON CITY,IA50401     		  501C3 MUSEUMREPAIR & UPGRADEINFRASTRUCTURE 2,000
    Total .................................bullet 3a 209,100
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments         216,498
    4 Dividends and interest from securities....          
    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          
    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)..     216,498
    13Total. Add line 12, columns (b), (d), and (e)..................
    13216,498
    (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.)
    4 INVESTMENT INCOME IS THE SOURCE FOR THE DISTRIBUTIONS TO 501(C)(3)
    4 ORGANIZATIONS
    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:  
    Part VI Line 7 - Tax Paid Original Return: 2000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VAN KAMPEN INCOME TRUSTS 43,47,49,67,70,73,74,75 371,062 392,187
    270 UTS NUVEEN INSURED CORP TR #5 21,588 26,808
    25000 PRUDENTIAL FINANCIAL NOTES 25,000 25,243
    75 CLAYMORE SER GUG CORP SER 1 73,712 69,785
    50 CLAYMORE SER GUG CORP SER 15 47,455 50,032
    50 CLAYMORE SER GUG CORP SER 17 48,738 51,024
    45 CLAYNORE SER GUG CORP SER 21 44,232 45,067
    62 CLAYMORE SER GUG CORP SER 24 62,684 62,406
    12500 FIRST TRUST EQUITY INC 27 134,897 157,250
    4400 FIRST TRUST EQUITY INC 28 44,734 50,336
    10028 FIRST TRUST EQUITY INC 30 96,715 98,475
    5014 FIRST TRUST EQUITY INC 31 48,233 54,151
    4400 FIRST TRUST EQUITY INC 34 44,173 42,988
    15 VAN KAMPEN INVT GR SER 1 1,766 1,402
    70 GUGG SHRT DUR HI YLD 8 50,711 51,130
    50 ADVISORS ASSET MGMT 42 50,101 51,123
    201 ADVISORS ASSET MGMT 46 200,734 194,620
    60 ADVISORS ASSET MGMT 59 60,085 58,779
    40 ADVISORS ASSET MGMT 62 40,018 38,364
    200 1ST TR PORT SER 3 198,639 201,162
    100 FIRST TRUST HI YIELD SHT #2 97,320 95,595
    100 INVESCO INV GRD TR SER16 99,750 98,807

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1435 SH CHEVRON TEXACO CORPORATION 79,648 155,181
    600 SH ING GRP NV PFD 7.375% 15,000 14,994
    1000 SH GOLDMAN SACHS PFD 6.5% 25,000 26,780
    400 SH ING GRP NV PFD 7.2% 10,472 10,032
    1000 SH PUBLIC STORAGE PFD 6.35% 25,842 26,780
    865 SH EXXON MOBIL CORPORATION 53,896 74,866
    900 SH PROLOGIS INC 6.85% 22,500 22,680
    DAVIS NY VENTURE FUND 166,014 179,002
    DWS HIGH INCOME FUND 155,347 126,820
    EURO PACIFIC GROWTH FD 27,708 22,109
    FRANKLIN UTILITY FUND 239,062 303,100
    GROWTH FUND OF AMERICA 248,043 239,012
    INCOME FUND OF AMERICA 322,228 337,710
    INVESTMENT CO OF AMERICA 434,191 429,257
    TEMPLETON GLOBAL GOVT FD 285,743 317,397
    TEMPLETON GLOB TOTAL FD A 175,000 189,467
    WASHINGTON MUTUAL FD 158,011 162,344
    FRANKLIN GROWTH FUND 112,047 126,720
    FRANKLIN INCOME FUND 55,856 57,366
    FRANKLIN MUTUAL FUND 78,207 84,208
    FRANKLIN SMALL CAP FUND 40,606 41,999
    1000 HOSPITALITY 7.125% PFD 26,460 26,600

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    US Government Securities - End of Year Book Value:

    207,327
    US Government Securities - End of Year Fair Market Value:

    195,169
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 LegalFeesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEINY LAW FIRM PLC TAX PREPARATION & ACCOUNTING 18,648 18,648   18,648


    TY 2012 OtherExpensesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX REFUND -66      


    TY 2012 OtherIncreasesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Description Amount
    CAPITAL GAINS 18,659


    TY 2012 OtherLiabilitiesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL TAX ESTIMATE -4,040 -2,000
    FEDERAL TAX ESTIMATE -4,040 -2,000


    TY 2012 OtherLiabilitiesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN: 42-1214699
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL TAX ESTIMATE -4,040 -2,000
    FEDERAL TAX ESTIMATE -4,040 -2,000