Frada Fine Scholarship Fund — Form 990PF, tax year 2012

View Frada Fine Scholarship Fund on 990iQ →
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 04-01-2012 , and ending 03-31-2013
Name of foundation
FRADA FINE SCHOLARSHIP FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)148 SOUTH QUEEN STREET   Room/suite
City or town, state, and ZIP code
MARTINSBURG, WV25401
A Employer identification number

55-6164208
B Telephone number (see instructions)

(304) 264-2263
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$4,830,204J 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 53,864 53,864  
4 Dividends and interest from securities...... 84,908 84,908  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 129,992
b Gross sales price for all assets on line 6a 2,655,889
7 Capital gain net income (from Part IV, line 2)... 36,206
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)....... Click to see attachment 46 46 46
12 Total. Add lines 1 through 11........ 268,810 175,024 46
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 1,063     1,063
b Accounting fees (attach schedule)....... Click to see attachment 5,990     5,990
c Other professional fees (attach schedule).... Click to see attachment 56,915 28,457   28,457
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,440 1,961    
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 271 245   26
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,679 30,663   35,536
25 Contributions, gifts, grants paid........ 241,815 241,815
26 Total expenses and disbursements. Add lines 24 and 25 311,494 30,663   277,351
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -42,684
b Net investment income (if negative, enter -0-) 144,361
c Adjusted net income (if negative, enter -0-)... 46
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............... 82 495 495
2 Savings and temporary cash investments.......... 102,173 139,571 139,571
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) 601,381 Click to see attachment400,540 431,344
b Investments—corporate stock (attach schedule)........ 1,895,447 Click to see attachment1,660,371 2,427,749
c Investments—corporate bonds (attach schedule)........ 1,164,123 Click to see attachment1,606,750 1,663,319
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 249,142 Click to see attachment161,937 167,726
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) 4,012,348 3,969,664 4,830,204
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,012,348 3,969,664
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,012,348 3,969,664
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,012,348 3,969,664
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 4,012,348
2 Enter amount from Part I, line 27a..................... 2 -42,684
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,969,664
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 3,969,664
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.)
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 (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
b
c
d
e
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 36,206
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 334,083 4,639,689 0.072005
2010 297,761 4,772,562 0.062390
2009 300,007 4,652,830 0.064478
2008 336,527 4,526,052 0.074353
2007 271,410 5,335,798 0.050866
2 Total of line 1, column (d) ...................... 2 0.324092
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 0.064818
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 4,609,528
5 Multiply line 4 by line 3....................... 5 298,780
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,444
7 Add lines 5 and 6......................... 7 300,224
8 Enter qualifying distributions from Part XII, line 4.............. 8 277,351
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,887
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  
3 Add lines 1 and 2............................ 3 2,887
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 2,887
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 1,600
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 1,600
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 1,287
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 taxBullet   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
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWV
    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
     
     
    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 ofbulletMARTIN KEESECKER Telephone no.bullet (304) 264-2263
    Located atbullet148 S QUEEN STMARTINSBURGWV ZIP+4bullet25401
    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
     
     
    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
     
     
    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
    BRANCH BANKING & TRUST COMPANYClick to see attachment TRUST OFFICE
    0.00     		0 0 0
    148 SOUTH QUEEN STREET
    MARTINSBURG,WV25401
    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  
    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 AWARDING OF SCHOLARSHIPS TO SHEPHERD UNIVERSITY TO GRADUATES OF MARTINSBURG HIGH SCHOOL 207,146
    2 GRANT TO EASTERN WEST VIRGINIA COMMUNITY FOUNDATION - FRADA FINE EDUCATION FUND FOR EDUCATIONAL SCHOLARSHIPS. 31,669
    3 SCHOLARSHIP ADWARD TO BLUE RIDGE CTC 3,000
    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 N/A  
    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
    4,533,521
    b
    Average of monthly cash balances.......................
    1b
    146,203
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,679,724
    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
    4,679,724
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    70,196
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,609,528
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    230,476
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    230,476
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,887
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,887
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    227,589
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    227,589
    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
    227,589
    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
    277,351
    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
    277,351
    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
    277,351
    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 7 227,589
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 68,580
    b From 2008....... 112,964
    c From 2009....... 69,831
    d From 2010....... 61,275
    e From 2011....... 104,847
    fTotal of lines 3a through e......... 417,497
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 277,351
    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..... 227,589
    e Remaining amount distributed out of corpus 49,762
    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 5 467,259
    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 ..........     		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) ...     		68,580
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		398,679
    10 Analysis of line 9:
    a Excess from 2008.... 112,964
    b Excess from 2009.... 69,831
    c Excess from 2010.... 61,275
    d Excess from 2011.... 104,847
    e Excess from 2012.... 49,762
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BLUE RIDGE COMMUNITY COLLEGE
    400 W STEPHENS ST
    MARITNSBURG,WV25401     		NONE 509(A)1 TUTION 3,000
    EASTERN WV COMMUNITY FOUN
    229 EAST MARTIN ST SUITE
    MARTINSBURG,WV25401     		NONE 509(A)2 CHARITABLE EDUCATION 31,669
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 39
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 107,929
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 99,178
    Total .................................bullet 3a 241,815
    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     25 53,864  
    4 Dividends and interest from securities....     25 84,908  
    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         129,992
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCOUNTRYWIDE LITIGATION SETTLE     25 46  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   138,818 129,992
    13Total. Add line 12, columns (b), (d), and (e)..................
    13268,810
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,990     5,990

    TY 2012 CompensationExplanation
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Person Name Explanation
    BRANCH BANKING TRUST COMPANY  

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    260.0000 ABB LTD SPONSORED ADR 2009-02 PURCHASE 2012-04   4,888 2,946     1,942  
    200.0000 SHS ACACIA RESEARCH COMMON 2011-06 PURCHASE 2012-10   4,968 7,629     -2,661  
    90.0000 SHS ADVANCE AUTO PARTS COMMO 2012-07 PURCHASE 2012-10   6,115 6,403     -288  
    120.0000 SHS AGILENT TECHNOLOGIES IN 2012-02 PURCHASE 2012-10   4,530 5,299     -769  
    140.0000 SHS AGILENT TECHNOLOGIES IN 2012-07 PURCHASE 2012-10   5,285 4,981     304  
    550.0000 SHS L'AIR LIQUIDE-UNSPONS 2012-10 PURCHASE 2013-01   13,640 13,987     -347  
    140.0000 SHS AMGEN INC 2011-06 PURCHASE 2012-07   10,731 8,419     2,312  
    90.0000 SHS AMPHENOL CORP CL A 2009-04 PURCHASE 2012-04   5,234 2,854     2,380  
    100.0000 SHS ANADARKO PETE CORP 2012-02 PURCHASE 2012-10   7,234 8,834     -1,600  
    310.0000 SHS ANGLO AMERICAN PLC 2009-09 PURCHASE 2012-07   4,572 5,217     -645  
    80.0000 SHS ANSYS INC COMMON 2009-04 PURCHASE 2012-04   5,357 2,113     3,244  
    16.0000 SHS APPLE COMPUTER CORP COMM 2010-10 PURCHASE 2012-04   9,390 4,834     4,556  
    320.0000 SHS ASCENA RETAIL GROUP INC 2012-07 PURCHASE 2013-01   5,837 5,782     55  
    110.0000 SHS ASHLAND INC COMMON 2012-07 PURCHASE 2012-10   7,680 7,203     477  
    180.0000 SHS ASPEN TECH COMMON 2011-09 PURCHASE 2013-01   5,025 2,952     2,073  
    230.0000 SHS ASTRAZENECA PLC SPONS A 2009-04 PURCHASE 2012-04   10,088 7,703     2,385  
    10.0000 SHS ATLAS COPCO AB SPON 2009-04 PURCHASE 2012-10   211 84     127  
    230.0000 SHS ATLAS COPCO AB SPONS 2012-02 PURCHASE 2012-10   4,851 5,115     -264  
    370.0000 SHS AVNET INC COMMON 2011-02 PURCHASE 2012-10   10,364 12,665     -2,301  
    250.0000 SHSBAE SYS PLC SPONSORED AD 2012-02 PURCHASE 2012-10   5,182 5,308     -126  
    30.0000 SHS BASF AG SPONSORED ADR C 2010-10 PURCHASE 2012-10   2,575 2,182     393  
    30.0000 SHS BASF AG SPONSORED ADR 2011-09 PURCHASE 2012-10   2,575 1,840     735  
    20.0000 SHS BASF AG SPONSORED ADR CO 2012-02 PURCHASE 2012-10   1,717 1,627     90  
    240.0000 SHS BG GROUP PLC SPON AD 2012-10 PURCHASE 2013-01   3,979 5,256     -1,277  
    110.0000 SHS BHP BILLITON PLC 2011-09 PURCHASE 2012-10   7,199 6,827     372  
    80.0000 SHS BHP BILLITON PLC 2011-12 PURCHASE 2012-10   5,236 4,994     242  
    160.0000 SHS BT GROUP PLC ADR 2011-06 PURCHASE 2012-10   5,723 5,315     408  
    470.0000 SHS BT GROUP PLC ADR 2012-04 PURCHASE 2012-10   16,812 16,120     692  
    50.0000 SHS BAIDU. COM INC 2012-02 PURCHASE 2012-10   5,746 7,026     -1,280  
    150.0000 SHS BAKER HUGHES INCORPORAT 2011-12 PURCHASE 2012-04   6,580 7,627     -1,047  
    20.0000 SHS BARCLAYS PLC - SPONS ADR 2011-09 PURCHASE 2012-07   185 190     -5  
    570.0000 SHS BARCLAYS PLC - SPONS AD 2012-04 PURCHASE 2012-07   5,284 8,077     -2,793  
    100.0000 SHS BARRIK GOLD CORP 2011-12 PURCHASE 2012-10   4,008 5,079     -1,071  
    220.0000 SHS BAYERISCHE MOTOREN WERK 2010-10 PURCHASE 2012-10   5,896 5,254     642  
    170.0000 SHS BAYERISCHE MOTOR WERK 2011-06 PURCHASE 2012-10   4,556 4,932     -376  
    100.0000 SHS BE AEROSPACE INC COMMO 2011-06 PURCHASE 2012-10   4,444 3,689     755  
    170.0000 SHS BE AEROSPACE INC COMMO 2011-09 PURCHASE 2012-10   7,554 5,382     2,172  
    90.0000 SHS BIO-RAD LABS CLASS A 2009-04 PURCHASE 2012-04   9,741 5,943     3,798  
    150.0000 SHS BORGWARNER AUTOMOTIVE I 2011-09 PURCHASE 2012-10   10,092 9,956     136  
    60.0000 SHS BRITISH AMERICAN TOB CO 2012-02 PURCHASE 2012-10   6,267 5,933     334  
    50.0000 SHS BRITISH AMERICAN TOB COM 2012-04 PURCHASE 2012-10   5,222 5,135     87  
    50.0000 SHS BRITISH AMERICAN TOB COM 2012-02 PURCHASE 2013-01   5,078 4,944     134  
    160.0000 SHS BROOKFIELD ASSET MANAGE 2012-07 PURCHASE 2012-10   5,544 5,234     310  
    240.0000 SHS BRUNSWICK CORP COMMO 2012-04 PURCHASE 2012-07   4,934 6,348     -1,414  
    170.0000 SHS CANON INC COMMON 2010-10 PURCHASE 2012-10   5,504 7,831     -2,327  
    120.0000 SHS CANON INC COMMON 2012-02 PURCHASE 2012-10   3,886 5,372     -1,486  
    180.0000 SHS CARDTRONICS INC COMMO 2012-07 PURCHASE 2012-10   5,334 5,200     134  
    250.0000 SHS CEPHEID INC COMMON 2011-06 PURCHASE 2012-07   8,363 7,865     498  
    130.0000 SHS CHARTER COMUNICATIONS I 2012-02 PURCHASE 2013-01   10,102 8,058     2,044  
    175000.0000 SHS CHEVRON CORP DTD 2009-09 PURCHASE 2012-12   182,175 183,636     -1,461  
    110.0000 CHINA MOBILE HK LTD 2011-12 PURCHASE 2013-01   6,444 5,335     1,109  
    90.0000 SHS COACH INC 2012-07 PURCHASE 2013-01   5,002 5,150     -148  
    573.2640 SHS COHEN & STEERS REALT 2011-12 PURCHASE 2013-01   25,000 22,031     2,969  
    270.0000 SHS COLUMBIA SPORTSWEAR C 2012-10 PURCHASE 2013-01   14,373 14,709     -336  
    250.0000 SHS COMCAST CORP 2007-10 PURCHASE 2012-04   7,585 5,233     2,352  
    110.0000 CONOCOPHILLIPS COM 2003-12 PURCHASE 2012-07   5,943 2,298     3,645  
    190.0000 SHS CROWN HOLDINGS INC COMM 2012-04 PURCHASE 2012-07   6,593 7,022     -429  
    110.0000 SHS CUBIST PHARMACEUTICAL 2012-07 PURCHASE 2012-10   5,285 4,503     782  
    120.0000 SHS CUBIST PHARMACEUTICAL 2012-07 PURCHASE 2013-01   5,179 4,912     267  
    920.0000 SHS DARLING INTERNATIONAL I 2012-10 PURCHASE 2013-01   14,930 16,024     -1,094  
    120.0000 SHS WALT DISNEY COMPANY 2003-09 PURCHASE 2012-04   5,166 2,375     2,791  
    210.0000 SHS DISCOVER FINANCIAL SERV 2010-10 PURCHASE 2012-04   7,106 3,709     3,397  
    110.0000 SHS DIRECTV COMMON 2012-04 PURCHASE 2012-10   5,647 5,421     226  
    110.0000 SHS DIRECTV COMMON 2012-07 PURCHASE 2012-10   5,647 5,163     484  
    3393.3610 SHS DODGE & COX INCOME FUN 2011-06 PURCHASE 2012-07   46,828 46,048     780  
    1094.7040 SHS DODGE & COX INCOME FUN 2011-03 PURCHASE 2013-01   15,205 14,658     547  
    2133.5370 SHS DODGE & COX INCOME FUN 2011-06 PURCHASE 2013-01   29,635 28,952     683  
    371.4710 SHS DODGE & COX INCOME FUND 2011-09 PURCHASE 2013-01   5,160 5,000     160  
    180.0000 SHS E I DUPONT & CO COM STK 2011-12 PURCHASE 2012-07   8,573 8,589     -16  
    1160.0000 SHS ENEL S.P.A. UNSIPON AD 2011-12 PURCHASE 2012-04   3,712 4,953     -1,241  
    270.0000 SHS EVERCORE PARTNERS INC 2011-09 PURCHASE 2012-10   7,319 6,434     885  
    120.0000 SHS EXPEDIA INC COMMON 2011-06 PURCHASE 2012-07   5,550 3,306     2,244  
    65.0000 SHS EXPEDIA INC COMMON 2011-09 PURCHASE 2012-07   3,006 1,940     1,066  
    130.0000 SHS FEI COMPANY COMMON 2010-10 PURCHASE 2012-04   6,497 2,838     3,659  
    100000.0000 SHS FED HOME LOAN BANK 2005-07 PURCHASE 2012-11   100,000 101,091     -1,091  
    4752.7400 SHS FIDELITY ADVISOR STRAT 2012-09 PURCHASE 2012-10   61,500 60,835     665  
    410.0000 SHS FIFTH THIRD BANCORP 2012-02 PURCHASE 2012-04   5,814 5,509     305  
    330.0000 SHS THE FINISH LINE COMMON 2012-04 PURCHASE 2012-07   6,792 7,399     -607  
    300.0000 SHS FIRST FINANCIAL BANCORP 2012-04 PURCHASE 2012-10   4,936 5,058     -122  
    550.0000 SHS FIRST HORIZON NATIONA C 2012-04 PURCHASE 2012-07   4,353 5,065     -712  
    240.0000 SHS FLOWERS FOOD INC WI 2012-04 PURCHASE 2012-10   4,553 5,170     -617  
    250.0000 SHS FLOWERS FOOD INC WI 2012-07 PURCHASE 2012-10   4,743 5,269     -526  
    280.0000 SHS FREPORT-MCM CORP GOLD 2012-02 PURCHASE 2012-10   11,927 11,984     -57  
    70.0000 SHSGARDNER DENVER MACHINE CO 2011-12 PURCHASE 2012-04   4,569 5,766     -1,197  
    250.0000 SHS GENERAL ELECTRIC CO COM 2010-10 PURCHASE 2012-04   4,877 4,010     867  
    110.0000 SHS GENUINE PARTS 2009-10 PURCHASE 2012-07   6,901 4,232     2,669  
    490.0000 SHS GRAPHIC PACKAGING HOLDI 2011-06 PURCHASE 2012-10   2,849 2,567     282  
    380.0000 SHS GRAPHIC PACKAGING HOLDI 2011-09 PURCHASE 2012-10   2,209 1,433     776  
    150.0000 SHS HITAHI LTS 2011-09 PURCHASE 2012-10   8,020 7,467     553  
    130.0000 SHS HITACHI LTD 2012-02 PURCHASE 2012-10   6,951 7,260     -309  
    20.0000 SHS HONDA MTR LTD ADR 2009-04 PURCHASE 2012-10   628 561     67  
    140.0000 SHS HONDA MTR LTD AR 2012-04 PURCHASE 2012-10   4,396 5,057     -661  
    530.0000 SHS HOYA CORP SPONSORED ADR 2012-10 PURCHASE 2013-01   10,457 11,247     -790  
    10.0000 SHS IAC/INTERACTIVE CORP COM 2011-06 PURCHASE 2012-10   548 373     175  
    130.0000 SHS IAC/INTERACTIVE CORP CO 2011-09 PURCHASE 2012-10   7,123 5,185     1,938  
    190.0000 SHS ITC/INTERACTIVE CORP CO 2011-06 PURCHASE 2013-01   8,878 7,091     1,787  
    220.0000 SHS IMPERIAL OIL LTD COMMON 2012-10 PURCHASE 2013-01   9,597 10,347     -750  
    180.0000 SHS INTEL CORP 2006-05 PURCHASE 2012-04   5,110 3,227     1,883  
    240.0000 SHS INTERCONTINENTAL HOTELS 2010-10 PURCHASE 2012-07   6,066 5,044     1,022  
    50.0000 SHS INTERCONTINENTAL EXCH 2011-02 PURCHASE 2012-04   6,666 6,054     612  
    40.0000 SHS INTERCONTINENTAL EXCH 2012-07 PURCHASE 2012-10   5,221 5,262     -41  
    520.0000 SHS INTERNATIONAL GAME TECH 2012-04 PURCHASE 2012-10   7,028 8,180     -1,152  
    130.0000 SHS ITC HOLDINGS CORP COMMO 2011-09 PURCHASE 2012-10   10,134 9,598     536  
    90.0000 SHS JOHNSON & JOHNSON COM ST 2004-10 PURCHASE 2012-04   5,861 4,458     1,403  
    280.0000 SHS KEPPEL CORP LTD SPONS A 2012-02 PURCHASE 2012-04   4,967 4,883     84  
    120.0000 SHS KOHLS CORP COMON 2011-12 PURCHASE 2012-04   6,023 6,071     -48  
    30.0000 SHS KRAFT FOODS INC-A COMMO 2006-02 PURCHASE 2012-04   1,194 749     445  
    100.0000 SHS KRAFT FOODS INC-A COMMO 2007-11 PURCHASE 2012-04   3,981 3,235     746  
    .3330 SHS KRAFT FOODS GROUP INC CO 2006-02 PURCHASE 2012-10   16 9     7  
    150.0000 SHS LABORATORY CORP OF AMER 2009-04 PURCHASE 2012-04   13,137 9,241     3,896  
    120.0000 SHS LAM RESH CORP COMMON 2012-04 PURCHASE 2012-10   4,006 5,017     -1,011  
    230.0000 SHS LARDEO PETROLEUM HOLDIN 2012-07 PURCHASE 2012-10   4,820 5,080     -260  
    1280.7380 SHS LAZARD EMERGING MKTS 2012-02 PURCHASE 2012-10   25,000 25,410     -410  
    871.0370 SHS LAZARD EMERGING MKS 2011-12 PURCHASE 2013-01   17,325 16,184     1,141  
    2499.5040 SHS LAZARD EMERGING MKTS 2012-02 PURCHASE 2013-01   49,715 49,590     125  
    1256.2820 SHS LAZARD EMERGING MKTS 2011-12 PURCHASE 2013-01   25,000 23,342     1,658  
    160.0000 SHS LOWE'S COMPANIES INC CO 2010-10 PURCHASE 2012-04   5,056 3,408     1,648  
    100.0000 SHS MSC INDUSTRIAL DIECT IN 2011-12 PURCHASE 2013-01   7,821 6,789     1,032  
    200.0000 SHS MSCI INC A COMMON 2012-07 PURCHASE 2012-10   5,485 6,578     -1,093  
    80.0000 SHS MCKESSON HBOC INC 2009-04 PURCHASE 2012-04   7,307 2,819     4,488  
    130.0000 SHS MEDNAX INC COMMON 2010-10 PURCHASE 2012-04   9,096 7,653     1,443  
    390.0000 SHS METLIFE COMMON 2010-01 PURCHASE 2012-04   5,383 5,475     -92  
    240.0000 SHS METLIFE COMMON 2010-10 PURCHASE 2012-04   8,613 9,648     -1,035  
    50.0000 SHS MICROSOFT CORP 2010-10 PURCHASE 2013-01   1,344 1,341     3  
    280.0000 SHS MICROSOFT CORP 2011-09 PURCHASE 2013-01   7,528 7,277     251  
    90.0000 SHS MID-AMERICA APARTMENT CO 2011-09 PURCHASE 2012-10   5,774 6,129     -355  
    25.0000 SHS MITSUI & CO LTD 2009-04 PURCHASE 2012-10   7,060 5,558     1,502  
    15.0000 SHS MITSUI & CO LTD 2010-01 PURCHASE 2012-10   4,236 4,620     -384  
    15.0000 SHS MITSUI & CO LTD 2012-02 PURCHASE 2012-10   4,236 5,100     -864  
    4754.1000 SHS FEDERATED PRIME CASH O 2012-12 PURCHASE 2012-12   4,754 4,754        
    322349.2200 SHS FEDERATED PRINE CASH 2012-12 PURCHASE 2013-01   322,349 322,349        
    4836.4300 SHS FEDERATED RINE CASH OB 2012-12 PURCHASE 2013-01   4,836 4,836        
    224862.0400 SHS FEDERATED PRIME CASH 2012-12 PURCHASE 2013-01   224,862 224,862        
    4705.9800 SHS FEDERATED PRIME CASH O 2012-12 PURCHASE 2013-02   4,706 4,706        
    4624.0600 SHS FEDERATED PRIME CASH O 2012-12 PURCHASE 2013-03   4,624 4,624        
    469.1300 SHS FEDERATED PRIME CASH OB 2012-12 PURCHASE 2013-03   469 469        
    340.0000 SHS MONOTYPE IMAGING HOLDIN 2009-04 PURCHASE 2012-04   4,801 1,389     3,412  
    220.0000 SHS MYLAN LABORATORIES 2012-02 PURCHASE 2012-10   5,336 5,130     206  
    200.0000 SHS NASDAQ OMX GROUP COMMON 2012-04 PURCHASE 2012-07   4,385 4,910     -525  
    680.0000 SHS NEWFIELD EXPL CO COM 2012-10 PURCHASE 2013-01   18,934 23,538     -4,604  
    210.0000 SHS NIPPON TELEG & TEL CORP 2011-12 PURCHASE 2012-10   5,109 5,202     -93  
    220.0000 SHS NIPPON TELEG & TEL CORP 2012-07 PURCHASE 2013-01   4,616 5,071     -455  
    280.0000 SHS NISSAN 2010-10 PURCHASE 2012-10   4,791 4,900     -109  
    300.0000 SHS NISSAN 2011-09 PURCHASE 2012-10   5,133 5,142     -9  
    260.0000 SHS NISSAN 2012-02 PURCHASE 2012-10   4,449 5,216     -767  
    90.0000 SHS OGE ENERGY CORP COMMON 2012-10 PURCHASE 2013-01   5,187 5,169     18  
    80.0000 SHS LUKOIL COMMON 2009-09 PURCHASE 2012-10   5,141 4,042     1,099  
    70.0000 SHS OIL STATES INTERNATIONAL 2011-06 PURCHASE 2012-04   5,569 5,494     75  
    110.0000 SHS ORIX-SPONSORED ADR 2009-09 PURCHASE 2012-10   5,724 4,264     1,460  
    150.0000 SHS OXFORD INDS INC COMMON 2012-04 PURCHASE 2012-10   8,302 7,192     1,110  
    1553.3500 SHS PIMCO PIMS FOREIGN BON 2008-10 PURCHASE 2012-07   17,040 15,192     1,848  
    2212.3890 SHS PIMCO PIMS FOEIGN BOND 2008-10 PURCHASE 2012-10   25,000 21,637     3,363  
    80.0000 SHS PALL CORPORATION COMMON 2012-02 PURCHASE 2012-10   5,099 5,117     -18  
    80.0000 SHS PEPSICO INC 2009-01 PURCHASE 2012-04   5,277 4,042     1,235  
    370.0000 SHS PETROLEO BASILEIR COMMO 2009-04 PURCHASE 2012-07   6,780 9,699     -2,919  
    190.0000 SHS PETROLEO BRASILEIR COMM 2012-02 PURCHASE 2012-07   3,482 5,128     -1,646  
    300.0000 SHS PETROLEO BRASILEIRO SA 2012-10 PURCHASE 2013-01   6,093 6,984     -891  
    60.0000 SHS PHILIP MORRIS INTERNATIO 2012-07 PURCHASE 2013-01   5,184 5,239     -55  
    .5000 SHS PHILLIPS 66 COMMON 2003-12 PURCHASE 2012-05   16 6     10  
    102.0000 SHS PHILLIPS 66 COMMON 2003-12 PURCHASE 2012-07   3,531 1,266     2,265  
    285.3150 SHS PIMCO COMMODITY REAL RE 2009-09 PURCHASE 2012-10   2,009 2,151     -142  
    3180.6360 SHS PIMCO COMMODITY REAL R 2011-12 PURCHASE 2012-10   22,392 24,141     -1,749  
    5156.7360 SHS PIMCO COMMODITY REAL R 2009-09 PURCHASE 2013-01   33,777 38,882     -5,105  
    50.0000 SHS PLANTRONICS INC COMMON 2011-06 PURCHASE 2012-04   1,914 1,793     121  
    170.0000 SHS PLANTRONICS INC COMMON 2011-09 PURCHASE 2012-04   6,509 5,172     1,337  
    .1250 SHS POSTNL NV ADR 2012-07 PURCHASE 2012-08              
    1413.0000 SHS POSTNL NV ADR 2012-07 PURCHASE 2012-10   5,299 5,213     86  
    80.0000 SHS PRICE GROUP INC 2011-12 PURCHASE 2013-01   5,413 4,681     732  
    160.0000 SHS RELIANCE STEEL & ALUMIN 2011-12 PURCHASE 2012-10   8,661 7,963     698  
    230.0000 SHS RESPOL YPF, S.A. COMMON 2012-02 PURCHASE 2012-10   4,793 6,210     -1,417  
    100.0000 SHS ROCK-TENN CO 2011-09 PURCHASE 2012-09   6,618 5,440     1,178  
    110.0000 SHS ROSETTA RESOURCES INC C 2011-09 PURCHASE 2012-10   5,346 4,715     631  
    120.0000 SHS ROYALDUTCH SHELL PLC 2011-12 PURCHASE 2012-10   8,454 8,575     -121  
    1040.0000 SHS KONINKLIJKE KPN NV COM 2012-04 PURCHASE 2012-10   8,018 9,443     -1,425  
    290.0000 SHS SLM CORPORATION COMMON 2010-10 PURCHASE 2013-01   5,036 3,501     1,535  
    460.0000 SHS ST JUDE MEDICAL INC COM 2010-10 PURCHASE 2013-01   17,050 17,581     -531  
    550.0000 SHS SBERBANK OF RUSSIA 2012-02 PURCHASE 2012-10   6,666 7,183     -517  
    160.0000 SHS SCHUMBERGER LTD COMMON 2012-10 PURCHASE 2013-01   11,497 11,829     -332  
    150.0000 SHS UTILITIES SELECT SECTOR 2012-04 PURCHASE 2013-01   5,350 5,352     -2  
    60.0000 SHS SHIRE PHARMACEUTICALS GR 2011-09 PURCHASE 2012-10   5,443 5,525     -82  
    60.0000 SHS SHIRE PHARMACEUTICALS GR 2012-04 PURCHASE 2012-10   5,443 5,852     -409  
    50.0000 SHS SIEMENS AG SPONSORED ADR 2011-09 PURCHASE 2012-10   5,123 4,501     622  
    270.0000 SHS SOLUTIA INC COMMON 2009-10 PURCHASE 2012-04   7,622 3,258     4,364  
    240.0000 SHS SOTHERBY'S HOLDINGS 2011-12 PURCHASE 2012-04   9,470 7,507     1,963  
    140.0000 SHS STRYKER CORP 2011-12 PURCHASE 2012-07   7,041 6,695     346  
    130.0000 SHS TERADATA CORP COMMON 2011-12 PURCHASE 2013-01   8,100 6,763     1,337  
    580.0000 SHS TESCO CORP 2010-10 PURCHASE 2012-10   5,782 7,254     -1,472  
    230.0000 SHS TEXAS INSTRUMENTS INC C 2010-10 PURCHASE 2012-04   7,362 6,824     538  
    100.0000 SHS TEXAS INSTRUMENTS INC C 2010-10 PURCHASE 2013-01   3,209 2,967     242  
    200.0000 SHS TEXAS INSTRUMENTS INC 2011-09 PURCHASE 2013-01   6,417 5,335     1,082  
    240.0000 SHS THOR INDS INC COMMON 2012-10 PURCHASE 2012-01   9,239 9,310     -71  
    100.0000 SHS TIDEWATER INC COMMON 2011-09 PURCHASE 2012-04   5,529 5,311     218  
    40.0000 SHS TIDEWATER INC COMMON 2011-09 PURCHASE 2012-07   1,898 2,124     -226  
    100.0000 SHS TIDEWATER INC COMMON 2011-12 PURCHASE 2012-07   4,745 5,074     -329  
    90.0000 SHS TIM HORTONS INC COMMON 2012-04 PURCHASE 2012-07   4,660 5,154     -494  
    150.0000 SHS FINA S A SPONSORED 2009-04 PURCHASE 2012-10   7,857 7,199     658  
    90.0000 SHS TOWERS WATSON & COMPANY 2011-09 PURCHASE 2012-07   5,138 5,142     -4  
    120.0000 SHS THE TRAVELERS COMPANIES 2009-04 PURCHASE 2012-07   7,294 4,757     2,537  
    100000.0000 SHS US TREASURY NOTE DTD 2005-10 PURCHASE 2012-08   100,000 99,750     250  
    230.0000 SHS UNITED HEALTH GROUP INC 2012-02 PURCHASE 2013-01   12,038 12,599     -561  
    90.0000 SHS UNITED HEALTH GROUP INC 2012-04 PURCHASE 2013-01   4,711 5,011     -300  
    40.0000 SHS V F CORP COMMON 2010-10 PURCHASE 2012-07   5,919 3,344     2,575  
    180.0000 SHS VAIL RESORTS COMMON 2012-02 PURCHASE 2012-07   8,831 7,528     1,303  
    200.0000 SHS VALEO SA SPON ADR 2012-02 PURCHASE 2012-10   4,592 5,010     -418  
    240.0000 SHS VALEO SA SPON ADR 2012-07 PURCHASE 2012-10   5,510 5,018     492  
    240.0000 SHS VERIZON COMMUNICAITONS 2010-10 PURCHASE 2012-07   10,452 7,805     2,647  
    200.0000 SHS VODAFONE GROUP PLC NEW 2011-09 PURCHASE 2012-10   5,662 5,121     541  
    230.0000 SHS VODAFONE GROUP PLC NEW 2009-09 PURCHASE 2013-01   5,893 5,209     684  
    350.0000 SHS VOLVO AKTIEBOLAGET ADR 2011-09 PURCHASE 2012-10   4,893 3,644     1,249  
    90.0000 SHS WAL-MART STORES INC 2011-12 PURCHASE 2012-04   5,294 5,264     30  
    90.0000 SHS WAL-MART STORES INC. 2010-01 PURCHASE 2012-07   6,457 4,773     1,684  
    270.0000 SHS WASTE CONNECTIONS 2009-04 PURCHASE 2012-04   8,724 4,619     4,105  
    240.0000 SHS WASTE CONNECTIONS 2009-04 PURCHASE 2012-07   7,093 4,106     2,987  
    110.0000 SHS WELLPOINT INC 2012-04 PURCHASE 2012-10   6,808 7,445     -637  
    110.0000 SHS JOHN WILEY & SONS INC 2009-04 PURCHASE 2012-04   4,972 3,654     1,318  
    230.0000 SHS WOLVERINE WORLD WIDE IN 2009-09 PURCHASE 2012-04   9,482 5,859     3,623  
    100.0000 SHS WYNDHAM WORLDWIDE CORP 2011-02 PURCHASE 2012-04   5,022 3,042     1,980  
    490.0000 SHS XYLEM INC COMMON 2011-12 PURCHASE 2012-07   11,525 11,971     -446  
    190.0000 SHS XYLEM INC COMMON 2012-02 PURCHASE 2012-07   4,469 5,131     -662  
    110.0000 SHS SIGNET JEWELERS LTD 2012-04 PURCHASE 2012-10   5,624 5,325     299  
    160.0000 SHS WILLIS GROUP HOLDINGS 2011-09 PURCHASE 2012-10   5,822 5,741     81  
    140.0000 SHS ALLIED WORLD ASSURANCE 2010-01 PURCHASE 2012-07   10,522 6,347     4,175  
    140.0000 SHS TE CONNECTIVITY LTD 2010-10 PURCHASE 2012-04   5,109 4,448     661  
    120.0000 SHS TRANSOCEAN LTD 2012-02 PURCHASE 2012-10   5,630 5,919     -289  
    110.0000 SHS TRANSOCEAN LTD 2012-04 PURCHASE 2012-10   5,161 5,528     -367  
    110.0000 SHS CHECK POINT SOFTW TECH 2010-10 PURCHASE 2012-07   5,212 4,725     487  
    10.0000 SHS CHECK POINT SOFTW TECH 2011-02 PURCHASE 2012-07   474 483     -9  
    160.0000 SHS NIELSON HOLDINGS N V 2012-04 PURCHASE 2012-10   5,113 4,635     478  
    110.0000 SHS COPA HOLDINGS SA 2012-04 PURCHASE 2012-10   9,626 8,957     669  
    170.0000 SHS AVAGO TECHNOLOGIES LTD 2011-12 PURCHASE 2012-10   5,791 5,316     475  
    170.0000 SHS AVAGO TECHNOLOGIES LTD 2012-07 PURCHASE 2012-10   5,791 5,816     -25  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS GROUP INC DTD 11/15/02 97,373 107,087
    WALT DISNEY COMPANY DTD 12/22/08 4.5 102,680 102,944
    PIMCO FOREIGN BOND FUND - CLASS I NO 429,578 468,476
    PFIZER INC DTD 03/24/09 4.45% 03/15/    
    BEAR STEARNS CO INC 10/31/05 5.3% 80,351 82,883
    CHEVRON CORP DTD 03/03/09 3.95%    
    DODGE & COX INCOME FUND 147 537,605 544,602
    FIDELITY ADVISOR STRATEGI INC FD 359,163 357,327

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD SPONS ADR 3,172 6,373
    ACACIA RESEARCH COMMON    
    AGCO CORPORATION COMMON 24,191 25,539
    AGILENT TECHNOLOGIES    
    AGRIUM INC 4,608 11,700
    AIA GROUP LTD 7,318 8,234
    ALLIANZ COMMON 10,346 14,693
    ALLIED WORLD ASSURANCE HOLDINGS LTD 4,080 8,345
    AMERICAN EXPRESS COMPANY COMMON 5,737 9,444
    AMETEK INC COMMON 8,298 17,561
    AMGEN INC COMMON    
    AMPHENOL CORP CL A 8,878 20,902
    ANADARKO PETE CORP. COMMON 11,223 13,555
    ANGLO AMERICAN PLC UNSPONSORED ADR    
    ANSYS INC COMMON 6,194 11,399
    APPLE COMPUTER CORPORATION COMMON 16,618 24,346
    ARM HOLDINGS PLC - SPONS ADR 18,547 27,117
    ASPEN TECH COMMON 3,772 7,427
    ASSA ABLOY AB 6,608 9,618
    ASTRAZENECA PLC    
    AT&T INC 15,105 19,446
    ATLAS COPCO AB SPONS 2,688 8,101
    AVAGO TECHNOLOGIES LTD    
    AVNET INC COMMON    
    BAE SYS PLC SPONSORED ADR 5,122 6,466
    BAIDU.COM INC    
    BAKER HUGHES INC COMMON    
    BARCLAYS PLC- SPONS ADR COMMON 5,024 9,413
    BARRICK GOLD CORP COMMON    
    BASF AG SPONSORED ADR COMMON 8,560 10,527
    BAYER A G SPONSORED ADR 5,256 10,333
    BAYERISCHE MOTOREN WERKE UNSPONS ADR    
    BE AEROSPACE INC COMMON    
    BERKSHIRE HATHAWAY INC DEL CL B COMM 8,420 15,630
    BHP BILLITON PLC    
    BIO-RAD LABS CLASS A    
    BOC HONG KONG HOLDINGS LTD 5,426 12,679
    BORGWARNER AUTOMOTIVE    
    BRITISH AMERICAN TOB COMMON 11,787 26,763
    BROADRIDGE FINANCIAL SOLUTIONS LLC 17,698 18,878
    BROOKFIELD ASSET MANAGEMENT INC 5,271 6,933
    BT GROUP PLC ADR 7,842 12,609
    CANON INC COMMON    
    CARNIVAL PLC 5,210 5,605
    CENOVUS ENERGY INC 8,946 9,917
    CENTENE CORP 30,605 34,792
    CEPHEID INC COMMON    
    CHARTER COMUNICATIONS INC A COMMON    
    CHECKPOINT SOFTWARE TECHNOLOGY COMMO    
    CHEVRON CORP COMMON 10,354 19,011
    CHICAGO BRIDGE & IRON CO NV 22,768 36,018
    CHINA MOBILE HK LTD SP ADR    
    CHURCH & DWIGHT CO., INC COMMON 6,238 9,048
    CIGNA COMMON 5,378 8,108
    CISCO SYSTEMS COMMON 13,053 17,343
    COCA COLA COMPANY COMMON 13,321 16,985
    COMCAST CORP CLASS A 12,141 24,348
    COMERICA INC COMMON 7,871 10,785
    CONOCOPHILLIPS 1,984 5,710
    CSL LIMITED ADR 11,422 14,203
    CULLEN/FROST BANKERS INC COMMON 8,707 10,630
    CVS CAREMARK CORP COMMON 11,986 18,147
    DARLING INTERNATIONAL INC COMMON 5,399 5,568
    DASSAULT SYSTEMS COMMON 8,650 9,264
    DAVITA INC 11,998 18,974
    DBS GROUP HLDGS LTD SPONSORED ADR 15,451 23,730
    DIAGEO PLC SPONSORED ADR 3,209 8,809
    DISCOVER FINANCIAL SERVICES    
    DISH NETWORK CORP A COMMON 12,381 17,813
    DOW CHEMICAL COMMON 4,698 5,731
    E I DUPONT DE NEMOURS COMPANY 2,086 5,408
    ELIZABETH ARDEN, INC. 5,348 5,635
    EMC CORPORATION COMMON 11,013 11,228
    EMERSON ELECTRIC COMPANY COMMON 2,558 5,028
    ENEL S.P.A. UNSPON ADR    
    EQT CORPORATION COMMON 4,952 6,098
    EVERCORE PARTNERS INC-CL A COMMON    
    EXPEDIA INC COMMON    
    EXPRESS SCRIPTS COMMON 15,964 20,167
    EXXON MOBIL CORP 22,964 28,835
    FANUC LTD ADR 20,959 19,897
    FEDERAL REALTY INVESTORS COMMON 6,775 7,563
    FEDEX CORPORATION COMMON 9,995 12,766
    FEI COMPANY COMMON    
    FIFTH THIRD BANCORP COMMON    
    FINANCIAL SELECT SECTOR SPDR FUND 9,588 14,931
    FLOWSERVE CORP COM 17,262 21,802
    FOMENTO ECONOMICO MEXICANO SA DE CV 4,175 15,890
    FOREST CITY ENTERPRISES-CL A 7,430 10,840
    FREEPORT MCMORAN CPR & GOLD CLASS B    
    GARDNER DENVER MACHINE COMMON    
    GAZPROM 5,887 4,969
    GENERAL ELECTRIC COMPANY 11,357 28,900
    GENUINE PARTS COMPANY COMMON    
    GOOGLE INC COMMON 12,599 23,031
    GRAPHIC PACKAGING HOLDING CO COMMON 4,373 8,688
    HEXCEL CORPORATION 4,952 6,092
    HITACHI LTD.-ADR-10 COMMON    
    HONDA MTR LTD ADR 10 ORD 5,886 8,035
    HONEYWELL INTERNATIONAL INC 18,290 29,387
    HSBC HLDGS PLC SPONSORED ADR NEW 5,417 6,401
    IAC/INTERACTIVE CORP COMMON    
    ICICI BANK LIMITED SPONS ADR 12,504 13,299
    INTEL COMMON 6,101 7,642
    INTERCONTINENTAL HOTELS GROUP PLC AD    
    INTERCONTINENTALEXCHANGE INC COMMON    
    INTERNATIONAL BUSINESS MACHINES COMM 9,348 17,064
    ITAU UNIBANCO BANCO MULTIPLO SA 5,784 6,942
    ITC HOLDINGS CORP COMMON    
    J P MORGAN CHASE & CO COMMON 16,126 18,035
    J. B. HUNT 13,724 26,068
    JGC CORPORATION 9,245 7,677
    JOHN WILEY & SONS INC CLASS A 5,647 6,623
    JOHNSON & JOHNSON COMMON 7,677 12,637
    KELLOGG COMPANY COMMON 7,948 10,309
    KEPPEL CORP LTD SPONS ADR 10,939 24,683
    KOHLS CORP COMMON    
    KRAFT FOODS INC CLASS A COMMON 1,394 2,731
    LABORATORY CORP OF AMERICAN HOLDINGS    
    LASALLE HOTEL PPTYS COM SH BEN INT 5,260 7,360
    LAZARD EMERGING MKTS PORTFOLIO INST 159,422 231,008
    LEUCADIA NATIONAL CORP COMMON    
    LIBERTY MEDIA CORP - LIBERTY CAPITAL 6,170 9,935
    LONZA GROUP AG ADR 6,164 7,741
    LOWE'S COMPANIES INC COMMON 7,029 12,514
    LUKOIL COMMON 6,336 7,709
    LVMH MOET-HENNESSEY UNSPON ADR 5,396 6,190
    MCKESSON CORPORATION    
    MEADWESTVACO CORP COMMON 12,330 14,520
    MEDNAX INC COMMON    
    MEDTRONIC INC. COMMON 8,089 11,270
    MERCK & CO INC 12,402 16,354
    METLIFE INC COMMON    
    MICROSOFT CORP COMMON 10,121 16,448
    MID-AMERICA APARTMENT COMM INC REIT    
    MITSUI & CO LTD    
    MONDELEZ INTERNATIONAL INC COMMON 2,594 4,898
    MONOTYPE IMAGING HOLDINGS INC COMMON 2,492 14,488
    MSC INDUSTRIAL DIRECT INC CLASS A CO 4,752 6,005
    MYLAN LABORATORIES COMMON    
    NATIONAL GRID GROUP-SPON ADR 6,039 6,961
    NESTLE SA ADR 19,162 37,698
    NIELSON HOLDINGS N.V. 5,692 7,880
    NIPPON TELEG & TEL CORP SPONSORED AD    
    NISSAN    
    NORDSON CORP 11,624 13,190
    NOVARTIS A G ADR 10,150 19,947
    NOVO-NORDISK A S ADR 14,518 16,150
    OIL STATES INTERNATIONAL INC COMMON 5,579 7,341
    ORACLE SYS CORP COMMON 6,075 11,962
    ORIX SPONSORED ADR 6,167 8,901
    PALL CORPORATION COMMON 5,054 6,837
    PENTAIR LTD COMMON 31,415 37,453
    PEPSICO INC COMMON 16,364 22,942
    PETROLEO BRASILIER PREFERENCE SHARE    
    PFIZER INC COMMON 12,535 20,779
    PLANTRONICS INC COMMON    
    POLARIS INDUSTRIES INC 2,742 4,625
    POTASH CORP OF SASKATCHEWAN 5,884 5,495
    PROASSURANCE CORP COMMON 5,134 9,466
    PROCTER AND GAMBLE 7,155 11,944
    QIAGEN N.V. 5,044 5,692
    QUALCOMM INC 14,012 17,404
    RAYONIER INC COMMON 5,777 12,531
    RELIANCE STEEL & ALUMINUM    
    RESPOL YPF, S.A. COMMON    
    ROCHE HOLDING LTD ADR 13,064 16,920
    ROCK-TENN COMPANY "A"    
    ROPER INDS INC COMMON 4,178 12,731
    ROSETTA RESOURCES INC COMMON 6,430 7,137
    ROYAL DUTCH SHELL PLC ADR CL A 5,359 5,213
    SAFEWAY INC COMMON 5,854 9,486
    SANOFI SYNTHELABO SA-ADR 20,973 32,180
    SAP AKTIENGESELLSCHAFT ADR 20,528 24,162
    SBERBANK OF RUSSIA    
    SCHLUMBERGER LTD COMMON 15,796 26,212
    SCHNEIDER ELECTRIC SA UNSPON ADR 15,538 17,420
    SHIRE PHARMACEUTICALS GROUP PLC    
    SIEMENS AG SPONSORED ADR 5,805 6,468
    SIGNET JEWELERS LTD 5,091 7,370
    SLM CORPORATION COMMON 3,622 6,150
    SMITHFIELD FOODS INC COMMON 19,788 25,156
    SOLUTIA INC COMMON    
    SOTHEBY'S HOLDINGS - CL A    
    ST JUDE MEDICAL INC COMMON    
    STARZ-LIBERTY CAPITAL COMMON 842 1,971
    STEVEN MADDEN LTD COMMON 5,619 7,349
    STRYKER CORP COMMON 7,173 9,786
    SUNCOR ENERGY INC 12,686 12,904
    SYNGENTA AG ADR 6,389 8,375
    T ROWE PRICE GROUP INC 4,681 5,990
    TAIWAN SEMICONDUCTOR 8,112 8,939
    TARGET CORPORATION COMMON 12,662 17,113
    TE CONNECTIVITY LTD 13,979 18,449
    TEAM HEALTH HOLDINGD, INC. COMMON 5,289 10,914
    TERADATA CORP COMMON    
    TESCO CORP    
    TEXAS INSTRUMENTS COMMON    
    THE BOEING COMPANY CAPITAL 5,034 6,010
    THE MEN'S WEARHOUSE INC. COMMON 5,038 6,350
    THE TIMKEN COMPANY COMMON 21,950 32,251
    THE TRAVELERS COMPANIES INC COMMON 7,802 11,787
    THE WALT DISNEY COMPANY COMMON 8,212 26,128
    THOR INDS INC COMMON 5,431 5,151
    TIDEWATER INC COMMON    
    TIME WARNER CABLE INC COMMON 8,059 9,606
    TOTAL S A SPONSORED 14,426 14,394
    TOWERS WATSON & COMPANY COMMON    
    TRANSOCEAN LTD    
    TRINITY INDUSTRIES COMMON 24,887 34,904
    TURKIYE GARANTI BANKASI A.S. 9,880 11,034
    UNILEVER PLC-SPONSORED ADR 3,171 7,181
    UNION PACIFIC CORP COMMON 8,151 11,393
    UNITED HEALTH GROUP INC COMMON    
    URS CORP NEW 25,317 33,661
    UTILITIES SELECT SECTOR SPDR FUND 6,307 7,429
    V F CORP COMMON    
    VAIL RESORTS COMMON    
    VALE SA SP PREF ADR 5,949 7,273
    VALEO SA SPON ADR    
    VERISK ANALYTICS INC COMMON 11,897 19,102
    VERIZON COMMUNICATIONS INC.    
    VIACOM INC COMMON 4,987 6,763
    VODAFONE GROUP PLC COMMON    
    VOLVO AKTIEBOLAGET ADR B 6,235 8,160
    WAL-MART STORES COMMON    
    WASTE CONNECTIONS COMMON    
    WELLS FARGO & CO. COMMON 6,553 21,269
    WEYERHAEUSER COMPANY COMMON 5,881 10,669
    WILLIS GROUP HOLDINGS    
    WOLVERINE WORLD WIDE INC COMMON    
    WYNDHAM WORLDWIDE CORPORATION COMMON 9,786 20,634
    XYLEM INC COMMON    
    ZURICH INSURANCE GROUP AG 5,455 6,696
    ZURICH PINANCIAL SVCS ADR    

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    US Government Securities - End of Year Book Value:

    400,540
    US Government Securities - End of Year Fair Market Value:

    431,344
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO COMMODITY REAL RETURN STRATEGY AT COST 78,514 68,413
    SPDR GOLD TRUST AT COST 2,675 4,634
    COHEN & STEERS REALTY SHARES INST AT COST 80,748 94,679

    TY 2012 LegalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,063     1,063


    TY 2012 OtherExpensesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 26     26
    ADR FEES 245 245    


    TY 2012 OtherIncomeSchedule2
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    COUNTRYWIDE LITIGATION SETTLE 46 46 46


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIDUCIARY FEES 56,915 28,457   28,457


    TY 2012 TaxesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 2,341      
    FOREIGN TAXES ON QUALIFIED FOREI 1,138      
    FOREIGN TAXES ON NON- QUALIFIED        
    FEDERAL INCOME TAX DEPOSITS 187 187    
    FEDERAL INCOME TAX DEPOSITS 1,600 1,600    
    FEDERAL EXCISE TAX - PRIOR YEAR 174 174