TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 10-01-2012 , and ending 09-30-2013

Name of foundation
TOWLE FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1610 DES PERES RD STE 250 Room/suite

City or town, state, and ZIP code
ST LOUIS, MO63131

A Employer identification number

43-1800405

B Telephone number (see instructions)

(314) 822-0204

C If exemption application is pending, check here bullet

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

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

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

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

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

$16,427,669J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	155,841
2	Check
3	Interest on savings and temporary cash investments	35		35
4	Dividends and interest from securities......	137,084		137,084
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,331,569
b	Gross sales price for all assets on line 6a 18,053,834
7	Capital gain net income (from Part IV, line 2)...			5,331,569
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........	5,624,529		5,468,688
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,800
c	Other professional fees (attach schedule)....		88,848
17	Interest...............
18	Taxes (attach schedule) (see instructions)		3,858
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		38
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	97,544		0	0
25	Contributions, gifts, grants paid........	489,311			489,311
26	Total expenses and disbursements. Add lines 24 and 25	586,855		0	489,311
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	5,037,674
b	Net investment income (if negative, enter -0-)			5,468,688
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	335,867	6,160	6,160
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	9,534,727	14,913,330	16,421,509
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	104,041	34,943
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,974,635	14,954,433	16,427,669
	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 )	57,876
	23	Total liabilities (add lines 17 through 22)..........	57,876	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	9,916,759	14,954,433
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	9,916,759	14,954,433
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	9,974,635	14,954,433

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	9,916,759
2	Enter amount from Part I, line 27a.....................	2	5,037,674
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	14,954,433
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	14,954,433

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	AM CASTLE & CO	P	2009-08-17	2012-10-01
b	WHIRLPOOL CORP	P	2011-09-13	2012-11-05
c	BROWN SHOE COMPANY	P	2009-03-12	2012-12-03
d	POLYONE CORP	P	2007-03-27	2012-12-18
e	FERRO CORP	P	2012-04-05	2013-02-06
	BROWN SHOE COMPANY	P	2009-03-12	2013-04-11
	CST BRANDS INC COM	P	2012-01-11	2013-05-02
	GAMESTOP CORP	P	2011-03-01	2013-05-07
	GENCO SHIPPING & TRADING LTD	P	2011-06-17	2013-05-10
	FERRO CORP	P	2012-04-09	2013-05-22
	AEGEAN MARINE PETROLEUM INC	P	2011-03-10	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-14	2013-06-12
	AMERISERV FINANCIAL INC	P	2001-02-23	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-14	2013-06-12
	CNA FINANCIAL CORP	P	2012-04-05	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-06-05	2013-06-12
	CELESTICA INC	P	2012-07-12	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2006-10-17	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-19	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-14	2013-06-12
	DOLE FOOD COMPANY INC	P	2011-12-08	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2013-01-31	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2010-04-01	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-08	2013-06-12
	INGRAM MICRO INC	P	2010-11-09	2013-06-12
	MERITOR INC	P	2012-05-11	2013-06-12
	OFFICEMAX INCORPORATED	P	2011-10-19	2013-06-12
	PHH CORPORATION	P	2011-08-10	2013-06-12
	SANMINA CORPORATION	P	2010-12-16	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-08-28	2013-06-12
	TESORO CORPORATION	P	2010-05-07	2013-06-12
	UNISYS CORPORATION	P	2012-02-28	2013-06-12
	VALERO ENERGY CORP	P	2009-06-08	2013-06-12
	ROUNDING	P
	SONIC AUTOMOTIVE INC	P	2010-07-08	2012-10-01
	WHIRLPOOL CORP	P	2011-09-13	2012-11-19
	ALLIED WORLD ASSURANCE LTD	P	2010-04-12	2012-12-04
	POLYONE CORP	P	2009-05-04	2012-12-18
	FERRO CORP	P	2012-04-04	2013-02-06
	BROWN SHOE COMPANY	P	2009-03-12	2013-04-12
	CST BRANDS INC COM	P	2009-06-08	2013-05-02
	BROWN SHOE COMPANY	P	2009-03-12	2013-05-07
	GENCO SHIPPING & TRADING LTD	P	2012-04-05	2013-05-10
	FERRO CORP	P	2012-04-11	2013-05-22
	AEGEAN MARINE PETROLEUM INC	P	2012-04-05	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-13	2013-06-12
	AMERISERV FINANCIAL INC	P	2002-07-24	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-21	2013-06-12
	CNA FINANCIAL CORP	P	2011-03-08	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-06-08	2013-06-12
	CELESTICA INC	P	2012-10-02	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2010-07-15	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-06	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-15	2013-06-12
	DOLE FOOD COMPANY INC	P	2011-12-06	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2013-01-29	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2013-04-30	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-07	2013-06-12
	INGRAM MICRO INC	P	2010-11-12	2013-06-12
	MERITOR INC	P	2011-12-15	2013-06-12
	OFFICEMAX INCORPORATED	P	2011-10-20	2013-06-12
	PHH CORPORATION	P	2011-12-13	2013-06-12
	SANMINA CORPORATION	P	2012-04-05	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-08-24	2013-06-12
	TESORO CORPORATION	P	2008-10-14	2013-06-12
	UNISYS CORPORATION	P	2012-02-01	2013-06-12
	VALERO ENERGY CORP	P	2010-07-28	2013-06-12
	SONIC AUTOMOTIVE INC	P	2010-07-08	2012-10-02
	WHIRLPOOL CORP	P	2011-10-28	2012-11-19
	ALLIED WORLD ASSURANCE LTD	P	2010-05-24	2012-12-04
	POLYONE CORP	P	2009-05-01	2012-12-19
	FERRO CORP	P	2012-04-04	2013-02-08
	GAMESTOP CORP	P	2013-02-28	2013-04-17
	CST BRANDS INC COM	P	2010-07-28	2013-05-02
	FERRO CORP	P	2012-04-04	2013-05-08
	FERRO CORP	P	2012-04-09	2013-05-15
	GAMESTOP CORP	P	2011-03-01	2013-05-23
	AEGEAN MARINE PETROLEUM INC	P	2011-07-15	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-12	2013-06-12
	AMERISERV FINANCIAL INC	P	2002-08-26	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-07	2013-06-12
	CNA FINANCIAL CORP	P	2005-10-14	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-06-04	2013-06-12
	CELESTICA INC	P	2012-10-03	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2012-04-05	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-05	2013-06-12
	DOLE FOOD COMPANY INC	P	2013-02-28	2013-06-12
	DOLE FOOD COMPANY INC	P	2012-01-24	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2012-12-28	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2013-05-01	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-10-17	2013-06-12
	INGRAM MICRO INC	P	2010-11-16	2013-06-12
	MERITOR INC	P	2012-07-19	2013-06-12
	OFFICEMAX INCORPORATED	P	2012-04-16	2013-06-12
	PHH CORPORATION	P	2011-12-12	2013-06-12
	SANMINA CORPORATION	P	2011-04-11	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-08-31	2013-06-12
	TESORO CORPORATION	P	2009-07-16	2013-06-12
	UNISYS CORPORATION	P	2012-02-06	2013-06-12
	VALERO ENERGY CORP	P	2002-06-10	2013-06-12
	SONIC AUTOMOTIVE INC	P	2010-07-08	2012-10-03
	AM CASTLE & CO	P	2009-08-17	2012-11-26
	AM CASTLE & CO	P	2009-10-12	2012-12-04
	POLYONE CORP	P	2009-05-04	2012-12-19
	OFFICEMAX INCORPORATED	P	2011-04-28	2013-02-20
	GAMESTOP CORP	P	2012-04-05	2013-04-17
	CST BRANDS INC COM	P	2002-06-10	2013-05-02
	FERRO CORP	P	2012-04-09	2013-05-08
	BROWN SHOE COMPANY	P	2009-03-25	2013-05-16
	GAMESTOP CORP	P	2011-03-09	2013-05-23
	AEGEAN MARINE PETROLEUM INC	P	2013-02-28	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-17	2013-06-12
	AMERISERV FINANCIAL INC	P	2002-08-22	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-06	2013-06-12
	CNA FINANCIAL CORP	P	2008-02-12	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-07-12	2013-06-12
	CELESTICA INC	P	2012-10-08	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2012-01-12	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-12	2013-06-12
	DOLE FOOD COMPANY INC	P	2012-04-05	2013-06-12
	DOLE FOOD COMPANY INC	P	2012-01-25	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2012-12-31	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2010-05-19	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-10-16	2013-06-12
	INGRAM MICRO INC	P	2012-07-30	2013-06-12
	MERITOR INC	P	2012-07-20	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-19	2013-06-12
	PHH CORPORATION	P	2011-12-30	2013-06-12
	SANMINA CORPORATION	P	2010-12-15	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-09-01	2013-06-12
	TESORO CORPORATION	P	2002-10-08	2013-06-12
	UNISYS CORPORATION	P	2012-04-04	2013-06-12
	VIRCO MFG CORP	P	2008-12-17	2013-06-19
	HAWAIIAN HOLDINGS INC	P	2011-06-06	2012-10-05
	BROWN SHOE COMPANY	P	2011-06-09	2012-11-27
	ALLIED WORLD ASSURANCE LTD	P	2010-05-24	2012-12-05
	POLYONE CORP	P	2009-05-04	2013-01-03
	OFFICEMAX INCORPORATED	P	2008-09-29	2013-02-20
	GAMESTOP CORP	P	2011-02-28	2013-04-17
	ROYAL CARIBBEAN CRUISES LTD	P	2013-02-28	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-01-26	2013-05-08
	BROWN SHOE COMPANY	P	2009-03-16	2013-05-16
	FERRO CORP	P	2012-04-11	2013-05-23
	AEGEAN MARINE PETROLEUM INC	P	2011-07-22	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-11-30	2013-06-12
	AMERISERV FINANCIAL INC	P	2009-10-05	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-05	2013-06-12
	CNA FINANCIAL CORP	P	2005-04-22	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2013-01-18	2013-06-12
	CELESTICA INC	P	2012-10-09	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2012-01-11	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-07	2013-06-12
	DOLE FOOD COMPANY INC	P	2013-05-30	2013-06-12
	DOLE FOOD COMPANY INC	P	2012-01-20	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2012-12-11	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2012-04-05	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-10-18	2013-06-12
	INGRAM MICRO INC	P	2012-10-04	2013-06-12
	MERITOR INC	P	2013-02-26	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-20	2013-06-12
	PATTERSON-UTI ENERGY INC	P	2012-05-30	2013-06-12
	SANMINA CORPORATION	P	2011-04-06	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-08-25	2013-06-12
	THE HANOVER INSURANCE GROUP INC	P	2012-04-05	2013-06-12
	UNISYS CORPORATION	P	2013-01-10	2013-06-12
	VIRCO MFG CORP	P	1997-12-22	2013-06-19
	JONES GROUP INC	P	2011-02-02	2012-10-16
	BROWN SHOE COMPANY	P	2011-10-14	2012-11-27
	AM CASTLE & CO	P	2009-10-12	2012-12-05
	POLYONE CORP	P	2009-05-01	2013-01-03
	OFFICEMAX INCORPORATED	P	2008-09-24	2013-02-20
	GAMESTOP CORP	P	2011-03-01	2013-04-17
	ROYAL CARIBBEAN CRUISES LTD	P	2012-04-05	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-02-25	2013-05-08
	BROWN SHOE COMPANY	P	2009-03-12	2013-05-16
	CANADIAN SOLAR INC	P	2011-10-13	2013-05-23
	AEGEAN MARINE PETROLEUM INC	P	2011-12-16	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-11	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2013-02-28	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-30	2013-06-12
	CNA FINANCIAL CORP	P	2003-10-15	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-10-03	2013-06-12
	CELESTICA INC	P	2007-12-21	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2012-01-10	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2013-01-23	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-11-29	2013-06-12
	FERRO CORP	P	2012-04-11	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2012-12-03	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2012-04-04	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2013-05-02	2013-06-12
	JONES GROUP INC	P	2011-01-24	2013-06-12
	NAVISTAR INTL CORP	P	2012-04-26	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-11	2013-06-12
	PATTERSON-UTI ENERGY INC	P	2012-06-21	2013-06-12
	SANMINA CORPORATION	P	2011-04-07	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-09-02	2013-06-12
	THE HANOVER INSURANCE GROUP INC	P	2011-07-07	2013-06-12
	UNISYS CORPORATION	P	2013-01-08	2013-06-12
	VIRCO MFG CORP	P	1998-01-06	2013-06-19
	JONES GROUP INC	P	2011-02-02	2012-10-17
	BROWN SHOE COMPANY	P	2011-10-17	2012-11-27
	ALLIED WORLD ASSURANCE LTD	P	2010-05-24	2012-12-06
	POLYONE CORP	P	2008-12-08	2013-01-03
	OFFICEMAX INCORPORATED	P	2011-05-04	2013-02-20
	SUPERVALU INC	P	2011-12-05	2013-04-24
	ROYAL CARIBBEAN CRUISES LTD	P	2011-09-13	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-03-01	2013-05-08
	FERRO CORP	P	2012-04-09	2013-05-20
	CANADIAN SOLAR INC	P	2012-04-05	2013-05-23
	AEGEAN MARINE PETROLEUM INC	P	2011-12-15	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-04	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2009-10-01	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-27	2013-06-12
	CNA FINANCIAL CORP	P	2004-08-25	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-10-04	2013-06-12
	CELESTICA INC	P	2007-12-13	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2012-11-12	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-09	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-10-25	2013-06-12
	FERRO CORP	P	2012-05-15	2013-06-12
	GAMESTOP CORP	P	2011-03-09	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2010-11-05	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2013-05-01	2013-06-12
	JONES GROUP INC	P	2013-02-28	2013-06-12
	NAVISTAR INTL CORP	P	2006-05-18	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-10	2013-06-12
	PEABODY ENERGY CORPORATION	P	2012-07-20	2013-06-12
	SANMINA CORPORATION	P	2011-04-04	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-12-17	2013-06-12
	THE HANOVER INSURANCE GROUP INC	P	2011-07-29	2013-06-12
	UNISYS CORPORATION	P	2013-01-09	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2013-06-17	2013-06-20
	JONES GROUP INC	P	2012-04-05	2012-10-17
	AM CASTLE & CO	P	2009-08-17	2012-11-27
	ALLIED WORLD ASSURANCE LTD	P	2010-05-26	2012-12-06
	POLYONE CORP	P	2008-12-05	2013-01-03
	OFFICEMAX INCORPORATED	P	2011-05-27	2013-02-20
	SUPERVALU INC	P	2012-03-05	2013-04-24
	ROYAL CARIBBEAN CRUISES LTD	P	2011-09-23	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-03-01	2013-05-09
	FERRO CORP	P	2012-04-09	2013-05-21
	CANADIAN SOLAR INC	P	2012-04-05	2013-05-24
	AEGEAN MARINE PETROLEUM INC	P	2011-12-19	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-10	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2009-11-04	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-04	2013-06-12
	CNA FINANCIAL CORP	P	2008-07-17	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-10-02	2013-06-12
	CELESTICA INC	P	2007-12-12	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2013-02-22	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-09	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-11-05	2013-06-12
	FERRO CORP	P	2012-05-16	2013-06-12
	GAMESTOP CORP	P	2012-05-22	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2008-10-31	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-10-12	2013-06-12
	JONES GROUP INC	P	2011-06-15	2013-06-12
	NAVISTAR INTL CORP	P	2006-06-09	2013-06-12
	PHH CORPORATION	P	2011-03-14	2013-06-12
	PEABODY ENERGY CORPORATION	P	2013-02-28	2013-06-12
	SANMINA CORPORATION	P	2013-02-28	2013-06-12
	STAR BULK CARRIERS CORP	P	2010-05-04	2013-06-12
	TOWER GROUP INTERNATIONAL LTD	P	2013-06-05	2013-06-12
	UNISYS CORPORATION	P	2012-04-17	2013-06-12
	STAR BULK CARRIERS CORP	P	2013-07-25	2013-08-12
	JONES GROUP INC	P	2011-01-24	2012-10-17
	AM CASTLE & CO	P	2009-08-17	2012-11-28
	AM CASTLE & CO	P	2009-10-12	2012-12-06
	POLYONE CORP	P	2007-03-29	2013-01-07
	SUPERVALU INC	P	2010-05-06	2013-03-26
	SUPERVALU INC	P	2012-03-05	2013-05-01
	NAVISTAR INTL CORP	P	2009-09-18	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-04-11	2013-05-09
	CANADIAN SOLAR INC	P	2011-05-04	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-11-15	2013-06-12
	AEGEAN MARINE PETROLEUM INC	P	2011-12-14	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-05	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2009-12-16	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-23	2013-06-12
	CNA FINANCIAL CORP	P	2008-07-16	2013-06-12
	CELESTICA INC	P	2012-04-05	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2010-04-27	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2013-02-21	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-11	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-11-08	2013-06-12
	FERRO CORP	P	2012-05-17	2013-06-12
	GAMESTOP CORP	P	2012-07-17	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2008-11-25	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-10-11	2013-06-12
	JONES GROUP INC	P	2011-06-13	2013-06-12
	NAVISTAR INTL CORP	P	2013-02-28	2013-06-12
	PHH CORPORATION	P	2011-03-15	2013-06-12
	PEABODY ENERGY CORPORATION	P	2013-04-02	2013-06-12
	SANMINA CORPORATION	P	2008-01-14	2013-06-12
	STAR BULK CARRIERS CORP	P	2010-05-05	2013-06-12
	TOWER GROUP INTERNATIONAL LTD	P	2013-06-06	2013-06-12
	UNISYS CORPORATION	P	2012-04-18	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-20	2013-08-29
	AM CASTLE & CO	P	2009-08-17	2012-10-17
	AM CASTLE & CO	P	2009-08-17	2012-11-29
	AM CASTLE & CO	P	2009-10-12	2012-12-07
	POLYONE CORP	P	2007-03-30	2013-01-07
	SUPERVALU INC	P	2009-07-01	2013-03-26
	SUPERVALU INC	P	2012-04-05	2013-05-01
	NAVISTAR INTL CORP	P	2012-04-05	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-05-10	2013-05-09
	CANADIAN SOLAR INC	P	2011-05-25	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-11-16	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-19	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-11-29	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2012-04-05	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-21	2013-06-12
	CNA FINANCIAL CORP	P	2004-10-15	2013-06-12
	CELESTICA INC	P	2011-08-04	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2006-05-08	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2009-02-23	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-10	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-10-26	2013-06-12
	FERRO CORP	P	2012-05-24	2013-06-12
	GENERAL CABLE CORPORATION	P	2013-02-28	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2013-02-01	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-05-23	2013-06-12
	JONES GROUP INC	P	2012-01-09	2013-06-12
	NAVISTAR INTL CORP	P	2006-07-11	2013-06-12
	PHH CORPORATION	P	2013-02-28	2013-06-12
	PEABODY ENERGY CORPORATION	P	2012-07-25	2013-06-12
	SANMINA CORPORATION	P	2009-01-05	2013-06-12
	STAR BULK CARRIERS CORP	P	2010-05-06	2013-06-12
	TOWER GROUP INTERNATIONAL LTD	P	2013-03-28	2013-06-12
	UNISYS CORPORATION	P	2012-11-09	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-19	2013-08-29
	AM CASTLE & CO	P	2009-08-17	2012-10-18
	AM CASTLE & CO	P	2009-10-12	2012-11-29
	VIRCO MFG CORP	P	2003-11-03	2012-12-07
	POLYONE CORP	P	2007-03-27	2013-01-07
	SUPERVALU INC	P	2009-12-15	2013-03-26
	SUPERVALU INC	P	2012-04-05	2013-05-02
	NAVISTAR INTL CORP	P	2012-04-26	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-05-09	2013-05-09
	CANADIAN SOLAR INC	P	2011-09-20	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-12-02	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-18	2013-06-12
	AMERISERV FINANCIAL INC	P	2004-08-04	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2009-12-01	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-19	2013-06-12
	CNA FINANCIAL CORP	P	2003-10-15	2013-06-12
	CELESTICA INC	P	2013-02-28	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2007-02-26	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-18	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-16	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-11-09	2013-06-12
	FERRO CORP	P	2012-05-22	2013-06-12
	GENERAL CABLE CORPORATION	P	2012-04-05	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2013-02-04	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-04-04	2013-06-12
	MERITOR INC	P	2011-08-19	2013-06-12
	NAVISTAR INTL CORP	P	2012-09-27	2013-06-12
	PHH CORPORATION	P	2011-03-30	2013-06-12
	PEABODY ENERGY CORPORATION	P	2013-06-06	2013-06-12
	SANMINA CORPORATION	P	2009-03-26	2013-06-12
	STAR BULK CARRIERS CORP	P	2011-03-08	2013-06-12
	TOWER GROUP INTERNATIONAL LTD	P	2013-03-27	2013-06-12
	VALERO ENERGY CORP	P	2008-07-29	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-20	2013-08-29
	WHIRLPOOL CORP	P	2011-08-04	2012-10-19
	AM CASTLE & CO	P	2009-10-12	2012-11-30
	VIRCO MFG CORP	P	2008-12-17	2012-12-07
	POLYONE CORP	P	2007-03-27	2013-01-07
	SUPERVALU INC	P	2010-11-19	2013-03-26
	CST BRANDS INC COM	P	2008-07-29	2013-05-02
	BROWN SHOE COMPANY	P	2009-03-12	2013-05-03
	FERRO CORP	P	2012-04-09	2013-05-09
	CANADIAN SOLAR INC	P	2013-02-28	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-12-08	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-26	2013-06-12
	AMERISERV FINANCIAL INC	P	2005-09-08	2013-06-12
	ARGO GROUP INTL HOLDINGS LTD	P	2010-01-07	2013-06-12
	ARKANSAS BEST CORP	P	2012-11-20	2013-06-12
	CNA FINANCIAL CORP	P	2009-04-30	2013-06-12
	CELESTICA INC	P	2011-06-23	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2010-02-03	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-25	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-13	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-10-27	2013-06-12
	FERRO CORP	P	2012-05-23	2013-06-12
	GENERAL CABLE CORPORATION	P	2010-08-19	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-06	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-04-05	2013-06-12
	MERITOR INC	P	2011-09-13	2013-06-12
	NAVISTAR INTL CORP	P	2012-12-21	2013-06-12
	PHH CORPORATION	P	2011-03-28	2013-06-12
	SUPERVALU INC	P	2012-05-22	2013-06-12
	SANMINA CORPORATION	P	2009-03-25	2013-06-12
	STEEL DYNAMICS INC	P	2012-05-30	2013-06-12
	TOWER GROUP INTERNATIONAL LTD	P	2013-04-01	2013-06-12
	VALERO ENERGY CORP	P	2005-05-12	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-19	2013-08-29
	AM CASTLE & CO	P	2009-08-17	2012-11-01
	BROWN SHOE COMPANY	P	2012-04-05	2012-11-30
	POLYONE CORP	P	2012-04-05	2012-12-17
	POLYONE CORP	P	2009-05-04	2013-01-07
	SUPERVALU INC	P	2011-03-08	2013-03-26
	CST BRANDS INC COM	P	2005-05-12	2013-05-02
	BROWN SHOE COMPANY	P	2009-03-12	2013-05-03
	GENCO SHIPPING & TRADING LTD	P	2011-05-09	2013-05-10
	CANADIAN SOLAR INC	P	2011-10-14	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-12-07	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-27	2013-06-12
	AMERISERV FINANCIAL INC	P	2005-09-07	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-11	2013-06-12
	ATLAS AIR WORLDWIDE HOLDINGS INC	P	2013-05-02	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-05-18	2013-06-12
	CELESTICA INC	P	2011-08-03	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2010-02-24	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-24	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-11-08	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-10-29	2013-06-12
	FERRO CORP	P	2012-05-21	2013-06-12
	GENERAL CABLE CORPORATION	P	2011-11-01	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-03	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2012-04-09	2013-06-12
	MERITOR INC	P	2012-01-19	2013-06-12
	NAVISTAR INTL CORP	P	2012-10-19	2013-06-12
	PHH CORPORATION	P	2010-10-25	2013-06-12
	SUPERVALU INC	P	2013-01-16	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-09-14	2013-06-12
	STEEL DYNAMICS INC	P	2012-05-31	2013-06-12
	UNISYS CORPORATION	P	2012-02-17	2013-06-12
	VALERO ENERGY CORP	P	2005-05-12	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-11	2013-08-29
	AM CASTLE & CO	P	2009-08-17	2012-11-02
	BROWN SHOE COMPANY	P	2012-04-05	2012-12-03
	POLYONE CORP	P	2010-07-15	2012-12-17
	VIRCO MFG CORP	P	2008-12-17	2013-01-09
	SUPERVALU INC	P	2011-01-31	2013-03-26
	CST BRANDS INC COM	P	2005-05-12	2013-05-02
	BROWN SHOE COMPANY	P	2009-03-12	2013-05-06
	GENCO SHIPPING & TRADING LTD	P	2011-05-05	2013-05-10
	CANADIAN SOLAR INC	P	2011-10-13	2013-05-21
	AEGEAN MARINE PETROLEUM INC	P	2010-12-01	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-24	2013-06-12
	AMERISERV FINANCIAL INC	P	2005-09-09	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-12	2013-06-12
	ATLAS AIR WORLDWIDE HOLDINGS INC	P	2013-05-01	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-05-23	2013-06-12
	CELESTICA INC	P	2011-08-05	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2011-03-08	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-22	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-12	2013-06-12
	DOLE FOOD COMPANY INC	P	2010-10-28	2013-06-12
	FERRO CORP	P	2012-07-26	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2013-02-28	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-02	2013-06-12
	INGRAM MICRO INC	P	2013-02-28	2013-06-12
	MERITOR INC	P	2011-11-17	2013-06-12
	OFFICEMAX INCORPORATED	P	2011-05-27	2013-06-12
	PHH CORPORATION	P	2010-10-21	2013-06-12
	SUPERVALU INC	P	2012-08-08	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-09-28	2013-06-12
	STEEL DYNAMICS INC	P	2012-06-01	2013-06-12
	UNISYS CORPORATION	P	2012-01-19	2013-06-12
	VALERO ENERGY CORP	P	2012-04-05	2013-06-12
	OFFICEMAX INCORPORATED	P	2009-03-10	2013-08-29
	WHIRLPOOL CORP	P	2011-08-04	2012-11-05
	BROWN SHOE COMPANY	P	2011-10-17	2012-12-03
	POLYONE CORP	P	2007-03-27	2012-12-17
	FERRO CORP	P	2012-04-05	2013-02-01
	SUPERVALU INC	P	2011-12-05	2013-03-26
	CST BRANDS INC COM	P	2012-04-05	2013-05-02
	PARKER DRILLING CO	P	2013-04-26	2013-05-07
	GENCO SHIPPING & TRADING LTD	P	2011-06-20	2013-05-10
	CANADIAN SOLAR INC	P	2011-10-13	2013-05-22
	AEGEAN MARINE PETROLEUM INC	P	2011-03-08	2013-06-12
	AIR TRANSPORT SERVICES GROUP INC	P	2012-12-03	2013-06-12
	AMERISERV FINANCIAL INC	P	2005-09-12	2013-06-12
	ARKANSAS BEST CORP	P	2012-12-17	2013-06-12
	CNA FINANCIAL CORP	P	2013-02-28	2013-06-12
	CAL DIVE INTERNATIONAL INC	P	2012-01-10	2013-06-12
	CELESTICA INC	P	2012-07-17	2013-06-12
	CHIQUITA BRANDS INTL INC	P	2006-05-15	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-23	2013-06-12
	COMMERCIAL VEHICLE GROUP INC	P	2012-10-15	2013-06-12
	DOLE FOOD COMPANY INC	P	2011-12-07	2013-06-12
	FLEXTRONICS INTERNATIONAL LTD	P	2013-01-30	2013-06-12
	GOODYEAR TIRE & RUBBER CO	P	2010-02-23	2013-06-12
	HAWAIIAN HOLDINGS INC	P	2011-06-10	2013-06-12
	INGRAM MICRO INC	P	2012-04-05	2013-06-12
	MERITOR INC	P	2012-05-10	2013-06-12
	OFFICEMAX INCORPORATED	P	2012-04-05	2013-06-12
	PHH CORPORATION	P	2012-04-05	2013-06-12
	SANMINA CORPORATION	P	2010-11-02	2013-06-12
	STAR BULK CARRIERS CORP	P	2009-09-24	2013-06-12
	TESORO CORPORATION	P	2012-04-05	2013-06-12
	UNISYS CORPORATION	P	2012-01-18	2013-06-12
	VALERO ENERGY CORP	P	2012-01-11	2013-06-12
	TOWLE DEEP VALUE MUTUAL FUND	P	2013-06-13	2013-08-29

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	647	530	117
b	16,700	9,165	7,535
c	11,059	1,349	9,710
d	715	219	496
e	2,196	2,324	-128
	38,209	5,139	33,070
	6,678	3,456	3,222
	147,003	78,950	68,053
	7,666	43,517	-35,851
	8,845	6,809	2,036
	74,318	59,205	15,113
	18,319	11,416	6,903
	20,299	28,244	-7,945
	45,074	21,018	24,056
	25,455	22,918	2,537
	656	804	-148
	13,124	10,013	3,111
	24,930	29,986	-5,056
	7,004	6,654	350
	14,086	12,656	1,430
	19,327	13,944	5,383
	1,762	1,424	338
	55,746	47,848	7,898
	24,273	22,189	2,084
	168,331	161,088	7,243
	21,404	17,799	3,605
	112,629	51,620	61,009
	78,928	57,303	21,625
	18,364	14,928	3,436
	2,793	26,683	-23,890
	272,791	58,697	214,094
	55,212	51,377	3,835
	92,288	39,748	52,540
	4		4
	17,460	7,861	9,599
	54,932	30,190	24,742
	14,605	8,059	6,546
	95,471	14,081	81,390
	27,955	29,127	-1,172
	6,739	907	5,832
	7,719	3,574	4,145
	38,429	5,185	33,244
	4,607	21,384	-16,777
	27,389	19,838	7,551
	68,400	49,745	18,655
	9,160	5,700	3,460
	8,826	10,384	-1,558
	14,315	6,668	7,647
	1,958	1,740	218
	15,339	18,785	-3,446
	7,176	5,419	1,757
	9,213	10,880	-1,667
	12,996	12,255	741
	12,607	11,126	1,481
	9,789	7,038	2,751
	61,745	49,623	12,122
	10,939	9,081	1,858
	17,571	16,047	1,524
	36,651	34,233	2,418
	55,567	41,194	14,373
	47,545	21,709	25,836
	20,395	14,681	5,714
	34,809	28,224	6,585
	633	5,889	-5,256
	19,072	3,889	15,183
	64,823	58,452	6,371
	112,284	46,104	66,180
	15,871	7,170	8,701
	102,016	55,503	46,513
	21,096	11,456	9,640
	218	31	187
	12,296	12,834	-538
	19,303	15,346	3,957
	9,367	4,146	5,221
	11,157	8,649	2,508
	427	329	98
	56,439	30,626	25,813
	74,803	51,858	22,945
	32,938	20,469	12,469
	4,119	3,980	139
	5,997	2,641	3,356
	16,318	14,406	1,912
	31,195	38,029	-6,834
	6,893	5,205	1,688
	26,772	21,613	5,159
	8,405	7,923	482
	14,432	12,831	1,601
	10,667	7,651	3,016
	37,231	29,549	7,682
	66,386	55,109	11,277
	7,065	6,355	710
	21,726	20,265	1,461
	47,770	30,200	17,570
	83,947	36,932	47,015
	52,619	37,238	15,381
	57,969	46,585	11,384
	1,992	18,468	-16,476
	167,605	33,505	134,100
	11,860	10,616	1,244
	26,917	5,871	21,046
	58,678	26,303	32,375
	2,969	2,440	529
	5,986	4,735	1,251
	85,742	12,658	73,084
	54,544	40,030	14,514
	15,121	10,377	4,744
	2,255	528	1,727
	6,478	4,942	1,536
	44,361	8,161	36,200
	92,354	49,863	42,491
	19,889	12,717	7,172
	11,040	6,836	4,204
	4,707	4,544	163
	28,631	12,590	16,041
	58,743	49,901	8,842
	53,410	49,392	4,018
	9,442	7,126	2,316
	13,874	11,070	2,804
	15,409	14,403	1,006
	17,946	14,180	3,766
	2,384	1,709	675
	3,141	2,493	648
	70,882	56,396	14,486
	14,310	12,867	1,443
	65,179	53,125	12,054
	24,523	15,494	9,029
	53,126	13,139	39,987
	87,494	45,479	42,015
	47,417	38,099	9,318
	3,060	28,306	-25,246
	242,738	2,961	239,777
	90,588	80,846	9,742
	9,690	9,218	472
	13,410	12,508	902
	14,265	7,256	7,009
	59,087	32,164	26,923
	107,062	13,849	93,213
	12,641	9,221	3,420
	10,295	6,365	3,930
	9,239	8,699	540
	230	2,071	-1,841
	81,817	12,442	69,375
	21,008	15,240	5,768
	77,035	42,782	34,253
	17,470	10,810	6,660
	8,532	5,423	3,109
	4,836	2,117	2,719
	26,108	21,516	4,592
	102,945	83,186	19,759
	49,570	37,229	12,341
	19,727	15,733	3,994
	11,362	10,597	765
	104,039	81,672	22,367
	20,707	14,140	6,567
	10,419	7,999	2,420
	16,334	12,069	4,265
	16,726	15,039	1,687
	64,612	52,255	12,357
	102,628	64,426	38,202
	38,433	9,505	28,928
	179,171	137,690	41,481
	5,893	4,700	1,193
	894	8,208	-7,314
	18,866	15,884	2,982
	26,583	22,504	4,079
	15,644	12,735	2,909
	18,809	17,053	1,756
	31,090	13,855	17,235
	5,483	4,332	1,151
	40,128	4,978	35,150
	30,307	22,009	8,298
	88,150	54,490	33,660
	18,108	13,723	4,385
	4,365	38,947	-34,582
	91,828	12,369	79,459
	85,206	38,326	46,880
	6,694	2,964	3,730
	20,260	12,429	7,831
	12,052	11,525	527
	40,044	17,422	22,622
	52,216	41,264	10,952
	29,725	22,063	7,662
	28,515	17,656	10,859
	36,744	29,268	7,476
	45,059	41,975	3,084
	44,176	34,457	9,719
	21,843	17,462	4,381
	213,886	162,936	50,950
	107,296	79,033	28,263
	6,582	5,919	663
	94,818	82,486	12,332
	21,748	23,844	-2,096
	45,912	9,143	36,769
	83,100	56,667	26,433
	6,578	5,246	1,332
	1,270	11,639	-10,369
	200,267	155,218	45,049
	60,937	51,374	9,563
	6,571	4,097	2,474
	8,896	8,150	746
	57,425	25,528	31,897
	17,038	9,253	7,785
	62,062	7,681	54,381
	90,476	58,385	32,091
	21,451	26,858	-5,407
	197,712	128,497	69,215
	230	2,050	-1,820
	13,029	10,048	2,981
	8,831	3,325	5,506
	22,121	9,551	12,570
	24,992	15,260	9,732
	100,837	84,788	16,049
	17,991	7,825	10,166
	45,689	35,600	10,089
	14,326	10,626	3,700
	71,551	44,071	27,480
	73,163	46,480	26,683
	23,658	21,843	1,815
	45,807	34,894	10,913
	776	587	189
	17,744	9,498	8,246
	65,487	45,641	19,846
	38,342	34,458	3,884
	8,504	6,841	1,663
	36,757	31,162	5,595
	23,585	4,489	19,096
	163,315	217,269	-53,954
	1,233	978	255
	4,830	36,986	-32,156
	76,914	57,724	19,190
	2,863	2,414	449
	38,118		38,118
	28,194	25,421	2,773
	18,244	15,171	3,073
	84,380	45,678	38,702
	43,618	4,712	38,906
	75,445	43,779	31,666
	42,961	45,121	-2,160
	68,368	41,394	26,974
	1,450	13,985	-12,535
	34,904	26,905	7,999
	36,233	13,175	23,058
	22,121	9,553	12,568
	7,825	4,726	3,099
	47,807	39,202	8,605
	10,640	4,611	6,029
	23,302	17,426	5,876
	29,447	21,765	7,682
	41,752	25,470	16,282
	17,559	10,955	6,604
	10,739	9,908	831
	14,432	10,970	3,462
	45,496	34,054	11,442
	87,978	45,692	42,286
	31,470	17,822	13,648
	6,400	5,655	745
	29,197	21,332	7,865
	58,198	47,912	10,286
	13,868	14,819	-951
	6,891	8,762	-1,871
	15,075	11,234	3,841
	1,516	11,400	-9,884
	44,149	43,754	395
	32,105	26,345	5,760
	77,564	67,806	9,758
	3,695	3,329	366
	5,474	4,562	912
	255	201	54
	11,570	3,073	8,497
	26,461	72,749	-46,288
	18,169	19,126	-957
	18,921	21,840	-2,919
	7,538	63,445	-55,907
	54,857	60,311	-5,454
	14,359	14,051	308
	22,703	9,479	13,224
	14,376	8,628	5,748
	51,021	37,649	13,372
	33,273	12,880	20,393
	35,442	25,046	10,396
	1,416	1,422	-6
	2,059	3,003	-944
	91,589	56,727	34,862
	4,903	4,514	389
	10,793	8,195	2,598
	27,078	19,780	7,298
	95,741	43,372	52,369
	43,458	17,648	25,810
	13,103	11,557	1,546
	45,638	33,160	12,478
	13,784	11,284	2,500
	7,954	8,363	-409
	61,501	72,400	-10,899
	33,576	20,598	12,978
	3,336	24,937	-21,601
	8,241	8,157	84
	28,628	23,103	5,525
	11,903	2,987	8,916
	778	637	141
	1,817	1,507	310
	10,092	7,978	2,114
	110,406	29,313	81,093
	10,138	26,167	-16,029
	9,173	8,327	846
	18,921	21,171	-2,250
	838	5,507	-4,669
	30,328	28,851	1,477
	71,408	69,521	1,887
	76,795	49,707	27,088
	105,306	62,968	42,338
	42,986	31,652	11,334
	6,771	2,530	4,241
	9,791	6,808	2,983
	8,026	7,041	985
	13,007	18,009	-5,002
	53,111	29,038	24,073
	16,887	15,524	1,363
	19,954	15,125	4,829
	582	402	180
	8,054	8,211	-157
	54,222	50,125	4,097
	4,347	3,796	551
	148,818	95,113	53,705
	79,640	56,759	22,881
	17,336	18,120	-784
	42,379	47,453	-5,074
	80,403	18,026	62,377
	2,890	21,210	-18,320
	38,459	35,925	2,534
	64,005	51,328	12,677
	16,437	4,122	12,315
	518	424	94
	11,361	8,945	2,416
	1,490	3,893	-2,403
	17,021	4,498	12,523
	17,691	45,526	-27,835
	12,767	11,530	1,237
	33,287	31,904	1,383
	4,050	26,617	-22,567
	39,248	19,063	20,185
	17,561	16,130	1,431
	4,186	2,698	1,488
	3,589	6,520	-2,931
	55,842	40,591	15,251
	72,350	26,628	45,722
	52,216	34,470	17,746
	11,330	9,920	1,410
	40,104	55,405	-15,301
	6,693	6,483	210
	17,977	16,527	1,450
	42,795	32,425	10,370
	18,806	12,955	5,851
	15,141	13,318	1,823
	36,712	33,877	2,835
	29,345	25,145	4,200
	67,190	71,020	-3,830
	82,090	57,876	24,214
	30,592	31,433	-841
	77,178	85,184	-8,006
	34,960	5,136	29,824
	797	5,451	-4,654
	23,939	22,265	1,674
	26,148	20,094	6,054
	39,348	9,848	29,500
	51,292	38,547	12,745
	5,225	4,130	1,095
	1,297	912	385
	20,632	5,452	15,180
	28,792	55,702	-26,910
	2,168	1,807	361
	32,153	4,325	27,828
	18,176	13,947	4,229
	13,826	6,304	7,522
	13,777	12,538	1,239
	7,825	4,992	2,833
	2,636	4,335	-1,699
	57,047	39,332	17,715
	74,478	27,355	47,123
	58,743	21,545	37,198
	65,433	56,258	9,175
	27,021	36,469	-9,448
	1,712	1,647	65
	11,206	10,278	928
	24,974	18,807	6,167
	35,544	24,113	11,431
	182,984	135,291	47,693
	47,822	44,029	3,793
	30,251	25,798	4,453
	108,015	107,290	725
	100,162	65,872	34,290
	23,250	23,757	-507
	79,022	60,893	18,129
	77,183	10,771	66,412
	47,025	34,379	12,646
	156,975	145,338	11,637
	76,907	57,570	19,337
	54,390	13,613	40,777
	9,329	7,639	1,690
	72,171	34,976	37,195
	7,135	5,188	1,947
	170,279	21,697	148,582
	5,576	8,610	-3,034
	6,418	5,177	1,241
	13,829	1,860	11,969
	421	2,793	-2,372
	58,515	25,211	33,304
	45,794	41,657	4,137
	6,430	4,095	2,335
	3,592	5,904	-2,312
	14,315	6,695	7,620
	36,382	30,819	5,563
	14,326	20,122	-5,796
	8,309	7,077	1,232
	33,492	45,197	-11,705
	2,957	2,822	135
	12,218	11,194	1,024
	53,337	39,173	14,164
	16,415	10,992	5,423
	65,720	45,166	20,554
	26,930	24,789	2,141
	18,114	15,328	2,786
	36,785	32,645	4,140
	81,478	50,834	30,644
	17,947	17,399	548
	149,122	82,731	66,391
	1,468	14,581	-13,113
	121,976	88,091	33,885
	33,331	32,527	804
	23,072	17,269	5,803
	51,840	10,446	41,394
	130	106	24
	763	369	394
	1,982	886	1,096
	4,063	2,872	1,191
	44,000	64,187	-20,187
	1,937	1,553	384
	16,934	2,278	14,656
	5,548	35,355	-29,807
	37,731	15,558	22,173
	37,741	34,262	3,479
	4,004	2,528	1,476
	19,799	32,170	-12,371
	44,880	20,964	23,916
	174,632	143,533	31,099
	12,001	16,853	-4,852
	35,407	30,137	5,270
	3,577	4,807	-1,230
	9,261	8,818	443
	6,070	5,551	519
	53,839	39,473	14,366
	99,328	42,789	56,539
	14,986	13,150	1,836
	8,514	7,793	721
	11,335	11,470	-135
	59,394	50,705	8,689
	16,878	12,710	4,168
	142,968	135,611	7,357
	143,492	53,339	90,153
	2,077	20,403	-18,326
	26,623	19,213	7,410
	9,406	9,140	266
	36,915	22,297	14,618
	26,639	5,130	21,509
	136,546	90,814	45,732
	14,110	6,016	8,094
	2,180	669	1,511
	24,874	26,354	-1,480
	11,051	16,085	-5,034
	3,093	2,005	1,088
	3,328	2,957	371
	1,486	8,448	-6,962
	44,566	19,862	24,704
	9,605	7,771	1,834
	17,531	10,927	6,604
	4,863	7,842	-2,979
	4,256	1,987	2,269
	13,054	12,632	422
	73,617	94,855	-21,238
	30,875	23,641	7,234
	40,104	50,694	-10,590
	5,136	4,882	254
	6,459	5,887	572
	33,006	23,841	9,165
	35,545	28,721	6,824
	41,810	36,174	5,636
	30,372	27,771	2,601
	21,726	21,295	431
	43,659	36,369	7,290
	45,890	23,271	22,619
	39,770	30,989	8,781
	36,317	31,626	4,691
	2,435	23,876	-21,441
	46,236	20,949	25,287
	34,967	33,295	1,672
	79,983	38,437	41,546
	198,005	187,981	10,024

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			117
b			7,535
c			9,710
d			496
e			-128
			33,070
			3,222
			68,053
			-35,851
			2,036
			15,113
			6,903
			-7,945
			24,056
			2,537
			-148
			3,111
			-5,056
			350
			1,430
			5,383
			338
			7,898
			2,084
			7,243
			3,605
			61,009
			21,625
			3,436
			-23,890
			214,094
			3,835
			52,540
			4
			9,599
			24,742
			6,546
			81,390
			-1,172
			5,832
			4,145
			33,244
			-16,777
			7,551
			18,655
			3,460
			-1,558
			7,647
			218
			-3,446
			1,757
			-1,667
			741
			1,481
			2,751
			12,122
			1,858
			1,524
			2,418
			14,373
			25,836
			5,714
			6,585
			-5,256
			15,183
			6,371
			66,180
			8,701
			46,513
			9,640
			187
			-538
			3,957
			5,221
			2,508
			98
			25,813
			22,945
			12,469
			139
			3,356
			1,912
			-6,834
			1,688
			5,159
			482
			1,601
			3,016
			7,682
			11,277
			710
			1,461
			17,570
			47,015
			15,381
			11,384
			-16,476
			134,100
			1,244
			21,046
			32,375
			529
			1,251
			73,084
			14,514
			4,744
			1,727
			1,536
			36,200
			42,491
			7,172
			4,204
			163
			16,041
			8,842
			4,018
			2,316
			2,804
			1,006
			3,766
			675
			648
			14,486
			1,443
			12,054
			9,029
			39,987
			42,015
			9,318
			-25,246
			239,777
			9,742
			472
			902
			7,009
			26,923
			93,213
			3,420
			3,930
			540
			-1,841
			69,375
			5,768
			34,253
			6,660
			3,109
			2,719
			4,592
			19,759
			12,341
			3,994
			765
			22,367
			6,567
			2,420
			4,265
			1,687
			12,357
			38,202
			28,928
			41,481
			1,193
			-7,314
			2,982
			4,079
			2,909
			1,756
			17,235
			1,151
			35,150
			8,298
			33,660
			4,385
			-34,582
			79,459
			46,880
			3,730
			7,831
			527
			22,622
			10,952
			7,662
			10,859
			7,476
			3,084
			9,719
			4,381
			50,950
			28,263
			663
			12,332
			-2,096
			36,769
			26,433
			1,332
			-10,369
			45,049
			9,563
			2,474
			746
			31,897
			7,785
			54,381
			32,091
			-5,407
			69,215
			-1,820
			2,981
			5,506
			12,570
			9,732
			16,049
			10,166
			10,089
			3,700
			27,480
			26,683
			1,815
			10,913
			189
			8,246
			19,846
			3,884
			1,663
			5,595
			19,096
			-53,954
			255
			-32,156
			19,190
			449
			38,118
			2,773
			3,073
			38,702
			38,906
			31,666
			-2,160
			26,974
			-12,535
			7,999
			23,058
			12,568
			3,099
			8,605
			6,029
			5,876
			7,682
			16,282
			6,604
			831
			3,462
			11,442
			42,286
			13,648
			745
			7,865
			10,286
			-951
			-1,871
			3,841
			-9,884
			395
			5,760
			9,758
			366
			912
			54
			8,497
			-46,288
			-957
			-2,919
			-55,907
			-5,454
			308
			13,224
			5,748
			13,372
			20,393
			10,396
			-6
			-944
			34,862
			389
			2,598
			7,298
			52,369
			25,810
			1,546
			12,478
			2,500
			-409
			-10,899
			12,978
			-21,601
			84
			5,525
			8,916
			141
			310
			2,114
			81,093
			-16,029
			846
			-2,250
			-4,669
			1,477
			1,887
			27,088
			42,338
			11,334
			4,241
			2,983
			985
			-5,002
			24,073
			1,363
			4,829
			180
			-157
			4,097
			551
			53,705
			22,881
			-784
			-5,074
			62,377
			-18,320
			2,534
			12,677
			12,315
			94
			2,416
			-2,403
			12,523
			-27,835
			1,237
			1,383
			-22,567
			20,185
			1,431
			1,488
			-2,931
			15,251
			45,722
			17,746
			1,410
			-15,301
			210
			1,450
			10,370
			5,851
			1,823
			2,835
			4,200
			-3,830
			24,214
			-841
			-8,006
			29,824
			-4,654
			1,674
			6,054
			29,500
			12,745
			1,095
			385
			15,180
			-26,910
			361
			27,828
			4,229
			7,522
			1,239
			2,833
			-1,699
			17,715
			47,123
			37,198
			9,175
			-9,448
			65
			928
			6,167
			11,431
			47,693
			3,793
			4,453
			725
			34,290
			-507
			18,129
			66,412
			12,646
			11,637
			19,337
			40,777
			1,690
			37,195
			1,947
			148,582
			-3,034
			1,241
			11,969
			-2,372
			33,304
			4,137
			2,335
			-2,312
			7,620
			5,563
			-5,796
			1,232
			-11,705
			135
			1,024
			14,164
			5,423
			20,554
			2,141
			2,786
			4,140
			30,644
			548
			66,391
			-13,113
			33,885
			804
			5,803
			41,394
			24
			394
			1,096
			1,191
			-20,187
			384
			14,656
			-29,807
			22,173
			3,479
			1,476
			-12,371
			23,916
			31,099
			-4,852
			5,270
			-1,230
			443
			519
			14,366
			56,539
			1,836
			721
			-135
			8,689
			4,168
			7,357
			90,153
			-18,326
			7,410
			266
			14,618
			21,509
			45,732
			8,094
			1,511
			-1,480
			-5,034
			1,088
			371
			-6,962
			24,704
			1,834
			6,604
			-2,979
			2,269
			422
			-21,238
			7,234
			-10,590
			254
			572
			9,165
			6,824
			5,636
			2,601
			431
			7,290
			22,619
			8,781
			4,691
			-21,441
			25,287
			1,672
			41,546
			10,024

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	5,331,569
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3	1,280,414

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	516,991	9,863,387	0.052415
2010	428,430	11,190,746	0.038284
2009	291,952	8,936,447	0.032670
2008	481,094	5,850,822	0.082227
2007	544,077	9,668,150	0.056275

2	Total of line 1, column (d) ......................	2	0.261871
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	0.052374
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	13,600,722
5	Multiply line 4 by line 3.......................	5	712,324
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	54,687
7	Add lines 5 and 6.........................	7	767,011
8	Enter qualifying distributions from Part XII, line 4..............	8	489,311
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2012)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	109,374
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	109,374
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	109,374
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	34,942
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	34,942
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	74,432
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

If “Yes,” complete Part XIV.............................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

J ELLWOOD TOWLE Telephone no. bullet

(314) 822-0204

Located at bullet

1610 DES PERES RD STE 250ST LOUISMO ZIP+4 bullet

63131

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

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

At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2012)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2012?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2012.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2012)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
J ELLWOOD TOWLE	PRESIDENT 2.00	0	0	0
1610 DES PERES RD STE 250 ST LOUIS,MO63131	PRESIDENT 2.00	0	0	0
CHRISTOPHER D TOWLE	SECY-TREAS 1.00	0	0	0
1610 DES PERES RD STE 250 ST LOUIS,MO63131	SECY-TREAS 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2012)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	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.)

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

purposes:

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

13,308,560

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

464,338

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

34,942

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

13,807,840

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

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

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

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

13,807,840

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

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

207,118

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

13,600,722

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

680,036

Part XI

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

and do not complete this part.)

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

680,036

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

109,374

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

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

109,374

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

570,662

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

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

570,662

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

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

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

570,662

Part XII

Qualifying Distributions (see instructions)

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

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

489,311

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

489,311

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

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

489,311

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2012)

Page 8

Part XIII

Undistributed Income (see instructions)

	(c) 2011	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7		570,662
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......	489,311
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: $ 489,311
a Applied to 2011, but not more than line 2a	489,311
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.....
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 ..........		570,662
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)

Page 9

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2012, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2012	(b) 2011	(c) 2010	(d) 2009	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

J ELLWOOD TOWLE

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

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

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2012)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WASHINGTON UNIVERSITY 1 BROOKLINGS DRIVE ST LOUIS,MO63130		501(C)(3)	TOWLE SCHOLORSHIP FUND	20,000
THE PRINCIPIA 13201 CLAYTON RD ST LOUIS,MO63131		501(C)(3)	CRAFTON CTR; EULA TOWLE FD;MOREY FD	75,000
LEELANAUKOHAHNA FD 1653 PORT ONEIDA RD MAPLE CITY,MI49664		501(C)(3)	ENDOWMENT FUND	62,000
ADVENTURE UNLIMITED 5201 S QUEBEC ST ENGLEWOOD,CO80111		501(C)(3)	ENDOWMENT FUND	62,000
CEDARS CAMP 1314 PARKVIEW VALLEY DRIV MANCHESTER,MO63011		501(C)(3)	ENDOWMENT FUND	62,000
CAMPS NEWFOUNDOWATONNA 4 CAMP NEWFOUND RD HARRISON,ME04040		501(C)(3)	ENDOWMENT FUND	62,000
PEACE HAVEN ASSOCIATION 12630 ROTT RD ST LOUIS,MO63127		501(C)(3)	ENDOWMENT FUND	35,000
CITY ACADEMY 4175 N KINGSHIGHWAY ST LOUIS,MO63115		501(C)(3)	ENDOWMENT FUND	20,000
LONGYEAR MUSEUM 1125 BOYLSTON STREET CHESTNUT HILL,MA02467		501(C)(3)	ENDOWMENT FUND	11,311
ELLWOOD HOUSE ENDOWMENT 609 1ST ST DEKALB,IL60015		501(C)(3)	ELLWOOD-NEHRING HOUSE	50,000
WASHINGTON UNIVERSITY 1 BROOKLINGS DRIVE ST LOUIS,MO63130		501(C)(3)	ENDOWMENT FUND	30,000
Total ................................. 3a				489,311

bApproved for future payment

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

Form 990-PF (2012)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	35
4 Dividends and interest from securities....			14	137,084
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	5,331,569
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)..				5,468,688

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

135,468,688

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization TOWLE FAMILY FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	J ELLWOOD TOWLE 1100 DRY RIDGE RD ST LOUIS, MO 63131	$83,902	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	ROBIN D TOWLE 1100 DRY RIDGE RD ST LOUIS, MO 63131	$71,939	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Name of organization TOWLE FAMILY FOUNDATION			Employer identification number 43-1800405

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	4330 SH POLYONE	$86,210		2012-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
2	5320SH BROWN SHOE	$93,472		2013-05-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	8300SH POLYONE	$189,655		2013-01-04
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
2	9800SH OFFICE MAX	$97,748		2013-08-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	7310SH BROWN SHOE	$128,437		2013-05-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	8600SH OFFICE MAX	$97,748		2013-08-15
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Name of organization TOWLE FAMILY FOUNDATION			Employer identification number 43-1800405
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	ROUNDING	$1
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
2	6043SH POLYONE	$138,083		2013-01-04
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Name of Stock	End of Year Book Value	End of Year Fair Market Value
28860SH GOODYEAR TIRE & RUBBER CO.
65510SH MERITOR INC.
11120SH NAVISTAR INT'L CORP.
4785SH SONIC AUTOMOTIVE INC.
19240SH BROWN SHOE CO.
31713SH CHIQUITA BRANDS INT'L INC.
33780SH DOLE FOOD COMPANY INC.
17010SH GAMESTOP CORP.
26810SH JONES GROUP INC.
60820SH OFFICEMAX INC.
7690SH ROYAL CARRIBBEAN CRUISES LTD.
81260SH SUPERVALU INC.
3750SH WHIRLPOOL CORP.
100930SH CAL DIVE INTERNATIONAL, INC
45920SH CANADIAN SOLAR INC.
12940SH PATTERSON-UTI ENERGY, INC.
11940SH PEYBODY ENERGY CORPORATION
12950SH TESORO CORP.
12340SH VALERO ENERGY CORP.
2420SH ALLIED WORLD ASSURANCE LTD.
27520SH AMERISERV FINANCIAL INC.
8850SH ARGO GROUP INT'L HOLDINGS LTD
12440SH CAN FINANCIAL CORP.
25290SH PHH CORP.
6120SH THE HANOVER INSURANCE GROUP I
6122SH AM CASTLE & CO.
32240SH CELESTICA INC.
75530SH FERRO CORP.
8190SH GENERAL CABLE CORP.
16600SH INGRAM MICRO INC.
16570SH POLYONE CORP.
31720SH SANMINA-SCI CORP.
13520SH STEEL DYNAMICS, INC.
17650SH UNISYS CORP.
18130SH VIRCO MFG. CORP.
59620SH AEGEAN MARINE PETROLEUM INC.
30600SH GENCO SHIPPING & TRADING LTD
41590SH HAWAIIAN HOLDINGS INC.
80544SH STAR BULK CARRIERS CORP.
1072600SH TOWLE DEEP VALUE MUTUAL FU	14,913,330	16,421,509

Description	Beginning of Year - Book Value	End of Year - Book Value
TRADES PENDING SETTLEMENT	65,245
TAX DEPOSITS	38,800	34,942
ROUNDING	-4	1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
WIRE IN FEES	15
MISCELLANEOUS & ROUNDING	23