Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
SHAFER FAM FSUB 1870000540
 

Number and street (or P.O. box number if mail is not delivered to street address)1340 BROADCASTING ROAD SUITE 100   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WYOMISSING, PA19610
A Employer identification number

23-6952392
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. bullet
2. bullet
E 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$1,437,231J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 24 24 24
4 Dividends and interest from securities...... 25,734 26,037 22,999
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 72,636
b Gross sales price for all assets on line 6a 363,414
7 Capital gain net income (from Part IV, line 2)... 72,636
8 Net short-term capital gain......... 0
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)....... 2,808    
12 Total. Add lines 1 through 11........ 101,202 98,697 23,023
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 9,921 9,921 9,921  
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 125      
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) 180 180   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,226 10,101 9,921 0
25 Contributions, gifts, grants paid........ 70,000 70,000
26 Total expenses and disbursements. Add lines 24 and 25 80,226 10,101 9,921 70,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 20,976
b Net investment income (if negative, enter -0-) 88,596
c Adjusted net income (if negative, enter -0-)... 13,102
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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............... 2,789 41 41
2 Savings and temporary cash investments.......... 13,311 14,045 14,045
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 112 47 47
10a Investments—U.S. and state government obligations (attach schedule) 243,953 Click to see attachment245,454 245,925
b Investments—corporate stock (attach schedule)........ 513,904 Click to see attachment522,339 729,389
c Investments—corporate bonds (attach schedule)........ 110,845 Click to see attachment140,699 141,962
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 249,505 Click to see attachment232,758 305,822
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) 1,134,419 1,155,383 1,437,231
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......... 1,134,419 1,155,383
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,134,419 1,155,383
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,134,419 1,155,383
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 1,134,419
2 Enter amount from Part I, line 27a..................... 2 20,976
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,155,395
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 12
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,155,383
Form 990-PF (2013)
Form 990-PF (2013)
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 95. AT&T INC COM   2011-12-08 2013-05-08
b 30. AT&T INC COM   2011-12-08 2013-05-23
c 35. AT&T INC COM   2011-12-08 2013-09-23
d 40. AT&T INC COM   2011-12-08 2013-12-10
e 15. AMERICAN FINCL GROUP INC COM   2011-12-08 2013-10-29
25. AMETEK INC COM   2011-12-08 2013-10-29
10. APTARGROUP INC COM   2011-12-08 2013-10-29
283.968 ARTISAN INTERNATIONAL FD-INV   2009-09-03 2013-10-29
45. BMC SOFTWARE INC COM   2011-12-08 2013-05-13
5000. JP MORGAN CHASE & CO (FORMERLY BEAR STEARNS CO INC) DTD 01/29/20   2011-02-10 2013-01-24
20. BOB EVANS FARMS COM   2011-12-08 2013-04-01
60. BOB EVANS FARMS COM   2011-12-08 2013-06-25
10. BROADRIDGE FINL SOL LLC COM   2011-12-08 2013-10-29
15. CADENCE DESIGN SYSTEMS, INC COM   2012-11-28 2013-10-29
10. CHARLES RIVER LABS INTL INC COM   2012-04-10 2013-10-29
55. CHEVRONTEXACO CORP COM   2011-12-08 2013-05-23
10. CHURCH AND DWIGHT CO INC COM   2011-12-08 2013-10-29
5. COMMERCE BANCSHARES INC COM   2011-12-08 2013-10-29
.9 COMMERCE BANCSHARES INC COM   2013-09-25 2013-12-16
531.766 CONESTOGA SMALL CAP FUND   2010-12-13 2013-10-29
25. COOPER COS INC/THE COM   2012-09-05 2013-05-22
25. COPART INC COM   2011-12-08 2013-02-25
50. COPART INC COM   2011-12-08 2013-04-01
10. CORELOGIC INC COM   2012-11-28 2013-10-29
35. CUBIC CORP COM   2011-12-08 2013-04-01
50. CUBIST PHARMACEUTICALS INC COM   2012-09-05 2013-09-25
165. DARDEN RESTAURANTS INC COM   2011-12-08 2013-03-13
10. DARDEN RESTAURANTS INC COM   2012-04-18 2013-03-13
15. DELUXE CORPORATION COM   2013-04-01 2013-10-29
90. DIAMOND OFFSHORE DRILLING COM   2011-12-08 2013-02-25
30. EXXON MOBIL CORPORATION COM   2011-12-08 2013-05-23
5. FACTSET RESEARCH SYSTEMS INC COM   2011-12-08 2013-10-29
5000. FHLMC NOTE DTD 10/21/2005 4.75% 11/17/20   2013-03-06 2013-12-23
10000. FHLMC NOTE DTD 10/21/2005 4.75% 11/17/20   2012-01-18 2013-12-23
10000. FHLMC NOTE DTD 12/16/2011 .625% 12/29/20   2012-02-27 2013-04-30
10000. FHLMC NOTE DTD 01/13/2012 2.375% 01/13/2   2012-02-14 2013-01-29
10000. FNMA FANNIE MAE 2.625% 11/20/2014   2009-12-11 2013-01-29
15. FLOWSERVE CORPORATION COM   2012-08-27 2013-05-08
20. FLOWSERVE CORPORATION COM   2012-08-27 2013-09-23
145. FLOWSERVE CORPORATION COM   2012-08-27 2013-12-02
15. FLOWSERVE CORPORATION COM   2013-03-18 2013-12-02
80. FULTON FINANCIAL CORP COM   2001-12-19 2013-02-25
1200. FULTON FINANCIAL CORP COM   2001-12-19 2013-03-26
160. FULTON FINANCIAL CORP COM   2001-12-19 2013-09-25
1000. FULTON FINANCIAL CORP COM   2001-12-19 2013-09-30
10. ARTHUR J GALLAGHER & CO COM   2011-12-08 2013-10-29
75. GENERAL MILLS INC COM   1994-05-02 2013-02-25
5. GENERAL MILLS INC COM   2012-04-18 2013-03-13
60. GENERAL MILLS INC COM   2012-11-26 2013-03-13
140. GENERAL MILLS INC COM   1994-05-02 2013-03-13
597.372 GOLDMAN SACHS SATELLITE STRATEGIES   2010-12-13 2013-10-29
5. HANESBRANDS INC COM   2013-06-25 2013-10-29
5. HARRIS CORPORATION COM   2011-12-08 2013-10-29
445.303 HENDERSON INTERNATIONAL OPPORTUNITIES FU   2011-12-08 2013-10-29
20. HORMEL FOODS CORP COM   2011-12-08 2013-02-25
10. HORMEL FOODS CORP COM   2011-12-08 2013-10-29
5. HUBBELL INC CL B COM   2011-12-08 2013-10-29
75. JOHNSON & JOHNSON COM   2011-12-08 2013-03-13
10. J2 GLOBAL INC   2011-12-08 2013-10-29
5. L-3 COMMUNICATIONS HOLDINGS COM   2011-12-08 2013-10-29
70. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-12-08 2013-02-25
50. MCCORMICK & COMPANY INC NON VTG SHS COM   2011-12-08 2013-03-13
5. MCGRAW HILL COS INC COM   2012-04-18 2013-04-18
320. MCGRAW HILL COS INC COM   2011-12-08 2013-04-18
25. MINERALS TECHNOLOGIES INC COM   2012-09-05 2013-04-01
5. MINERALS TECHNOLOGIES INC COM   2012-09-05 2013-10-29
25. MINERALS TECHNOLOGIES INC COM   2012-09-05 2013-12-02
5. OCEANEERING INTL INC COM   2012-11-28 2013-10-29
10. OMNICARE INC COM   2012-04-10 2013-10-29
5. PANERA BREAD COMPANY CL A COM   2011-12-08 2013-10-29
75. PARKER-HANNIFIN CORP. COM   2012-05-29 2013-02-25
5. PERRIGO CO COM   2011-12-08 2013-10-29
35. PERRIGO CO COM   2011-12-08 2013-12-19
5. PFIZER INC COM   2013-03-18 2013-05-08
515. PFIZER INC COM   2002-01-28 2013-05-08
50. QUALCOMM INC COM   2008-03-24 2013-05-23
10. RAYONIER INC COM   2013-05-13 2013-09-25
65. RAYONIER INC COM   2012-04-10 2013-09-25
5. REINSURANCE GROUP OF AMER, INC. COM   2013-05-22 2013-10-29
65. ROLLINS INC COM   2011-12-08 2013-09-25
10. ROSS STORES COM   2011-12-08 2013-10-29
15. TORO CO COM   2011-12-08 2013-10-29
5. TUPPERWARE BRANDS CORP COM   2011-12-08 2013-10-29
10. UGI CORP COM   2013-04-01 2013-10-29
10000. US TREASURY NOTE DTD 03/31/2010 2.5% 03/   2010-04-06 2013-09-25
25000. US TREASURY NOTE DTD 04/30/2010 2.5% 04/   2010-05-06 2013-09-25
5000. US TREASURY NOTE DTD 06/30/2011 2.375% 0   2011-07-01 2013-06-25
10000. US TREASURY NOTE DTD 09/30/2011 1% 09/30   2013-01-29 2013-12-23
5. UNITED THERAPEUTICS CORP COM   2013-09-25 2013-10-29
10. VALSPAR CORPORATION COM   2011-12-08 2013-10-29
30. VECTREN CORPORATION COM   2011-12-08 2013-02-25
20. VECTREN CORPORATION COM   2011-12-08 2013-04-01
10. VECTREN CORPORATION COM   2011-12-08 2013-10-29
15. WADDELL & REED FINANCIAL INC CL A COM   2011-12-08 2013-02-25
5. WADDELL & REED FINANCIAL INC CL A COM   2011-12-08 2013-10-29
10000. WAL-MART STORES DTD 04/05/2007 5.375% 04   2009-04-16 2013-04-23
5. WATSCO INC COM   2011-12-08 2013-10-29
30. WESTERN DIGITAL CORP COM   2011-12-08 2013-02-25
10. JOHN WILEY & SONS, INC COM   2011-12-08 2013-10-29
35. WISCONSIN ENERGY CORP COM   2011-12-08 2013-02-25
60. WISCONSIN ENERGY CORP COM   2011-12-08 2013-03-13
45. WISCONSIN ENERGY CORP COM   2011-12-08 2013-05-23
10. WORLD FUEL SERVICES CORP COM   2011-12-08 2013-10-29
5. ZEBRA TECHNOLOGIES CORP CL A COM   2013-02-25 2013-10-29
CAPITAL GAIN DIVIDENDS P    
(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 3,563   2,749 814
b 1,095   868 227
c 1,188   1,013 175
d 1,380   1,158 222
e 846   539 307
1,189   691 498
636   503 133
8,431   5,290 3,141
2,038   1,554 484
6,246   5,659 587
838   644 194
2,728   1,932 796
353   223 130
192   194 -2
488   352 136
6,902   5,649 1,253
647   447 200
231   173 58
40   38 2
19,000   11,523 7,477
2,744   2,114 630
854   568 286
1,689   1,138 551
330   256 74
1,485   1,491 -6
3,257   2,357 900
8,048   7,097 951
488   505 -17
715   620 95
6,400   5,235 1,165
2,761   2,399 362
545   468 77
5,412   5,413 -1
10,823   10,800 23
10,065   10,020 45
10,279   10,141 138
10,416   10,029 387
2,430   1,931 499
1,246   858 388
10,290   6,221 4,069
1,065   842 223
890   508 382
14,112   7,615 6,497
1,870   1,015 855
11,610   6,338 5,272
473   321 152
3,425   816 2,609
231   196 35
2,777   2,439 338
6,480   1,523 4,957
5,000   4,797 203
318   253 65
311   176 135
11,569   8,136 3,433
741   582 159
439   291 148
537   317 220
5,887   4,805 1,082
557   265 292
489   311 178
4,621   3,447 1,174
3,518   2,462 1,056
257   247 10
16,456   13,595 2,861
1,017   862 155
283   172 111
1,473   862 611
429   260 169
551   342 209
791   695 96
7,037   6,517 520
653   490 163
5,328   3,431 1,897
144   141 3
14,802   15,298 -496
3,195   1,998 1,197
556   594 -38
3,611   2,788 823
361   326 35
1,684   1,391 293
766   464 302
882   429 453
453   280 173
419   382 37
10,341   9,908 433
25,891   25,099 792
5,214   4,966 248
10,091   10,118 -27
430   385 45
699   359 340
983   842 141
697   562 135
350   281 69
635   391 244
309   130 179
11,751   10,931 820
485   323 162
1,352   946 406
504   463 41
1,418   1,140 278
2,487   1,955 532
1,883   1,466 417
390   410 -20
241   224 17
      887
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       814
b       227
c       175
d       222
e       307
      498
      133
      3,141
      484
      587
      194
      796
      130
      -2
      136
      1,253
      200
      58
      2
      7,477
      630
      286
      551
      74
      -6
      900
      951
      -17
      95
      1,165
      362
      77
      -1
      23
      45
      138
      387
      499
      388
      4,069
      223
      382
      6,497
      855
      5,272
      152
      2,609
      35
      338
      4,957
      203
      65
      135
      3,433
      159
      148
      220
      1,082
      292
      178
      1,174
      1,056
      10
      2,861
      155
      111
      611
      169
      209
      96
      520
      163
      1,897
      3
      -496
      1,197
      -38
      823
      35
      293
      302
      453
      173
      37
      433
      792
      248
      -27
      45
      340
      141
      135
      69
      244
      179
      820
      162
      406
      41
      278
      532
      417
      -20
      17
       
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 72,636
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))
2012 65,492 1,267,268 0.05168
2011 59,000 1,250,807 0.04717
2010 62,500 1,191,608 0.05245
2009      
2008      
2 Total of line 1, column (d) ...................... 2 0.1513
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 0.050433
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,356,093
5 Multiply line 4 by line 3....................... 5 68,392
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 886
7 Add lines 5 and 6......................... 7 69,278
8 Enter qualifying distributions from Part XII, line 4.............. 8 70,000
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 (2013)
Form 990-PF (2013)
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 1 886
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 886
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 886
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 508
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 508
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 378
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 2014 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (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 addressbullet  
    14
    The books are in care ofbulletNational Penn Investors Trust Co Telephone no.bullet (610) 372-6414
    Located atbullet1340 BROADCASTING ROAD SUITE 100WYOMISSINGPA ZIP+4bullet19610
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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
     
    No
    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 2013 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 2013.)....................
    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 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    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
    NATIONAL PENN INVESTORS TRUST CO TRUSTEE
    5     		9,921    
    1340 Broadcasting Road Suite 100
    WYOMISSING,PA19610
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 COMPASSIONATE FRIENDS PO BOX 1253 BETHLEHEM PA 18017 1,000
    2 EQUI-LIBRIUM INC PO BOX 305 SCIOTA PA 18354 4,000
    3 FUND TO BENEFIT CHILDREN & YOUTH INC 903 E ELM ST ALLENTOWN PA 18104 500
    4 MORAVIAN VILLAGE OF BETHLEHEM 526 WOOD STREET BETHLEHEM PA 18018 3,000
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    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
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    67,805
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    886
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    886
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    66,919
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    66,919
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    66,919
    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
     
    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
     
    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
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 66,919
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:2011, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 17,242
    b From 2009....... 5,174
    c From 2010....... 3,614
    d From 2011....... 281
    e From 2012....... 3,145
    fTotal of lines 3a through e......... 29,456
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 70,000
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 66,919
    e Remaining amount distributed out of corpus 3,081
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 32,537
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		17,242
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		15,295
    10 Analysis of line 9:
    a Excess from 2009.... 5,174
    b Excess from 2010.... 3,614
    c Excess from 2011.... 281
    d Excess from 2012.... 3,145
    e Excess from 2013.... 3,081
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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 (2013)
    Form 990-PF (2013)
    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
    SHAFER FAMILY CHARITABLE
    FOUNDATION
    588 RIVERWOODS WAY
    BETHLEHEM,PA18015     		NONE 501(C)(3) TRUST INCOME TO BE PAID TO 70,000
    Total .................................bullet 3a 70,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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....          
    3
    Interest on savings and temporary cash investments ............     		    14 24  
    4 Dividends and interest from securities....     14 25,734  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 72,636  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aOTHER REVENUE     14 2,808  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   101,202  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13101,202
    (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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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 (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Name of Bond End of Year Book Value End of Year Fair Market Value
    COSTCO WHSL CORP NEW DTD 2/20/ 10,994 11,233
    INTL BUS MACHINES CORP 9/14/07 10,945 11,483
    PEPSICO INC 10/26/2010 4,904 5,006
    SBC COMM INC 8/18/2004 10,610 11,036
    WAL-MART STORES 4/5/2007    
    CONSOLIDATED EDISON 4/1/08 5,303 5,783
    WELLS FARGO CO 2.625% 12/15/16 10,195 10,473
    US BANCORP DTD 7/27/2010 5,015 5,141
    JP MORGAN CHASE 1/29/08 7.25% 9,998 9,480
    GEN ELEC CAP 1/7/11 4.625% 10,769 10,905
    BANK OF NY MELLON 9/23/11 15,548 15,347
    ALLSTATE LIFE GL DTD 4/24/2008    
    GLAXOSMITHKLINE CAP 5/13/08 10,749 11,511
    OCCIDENTAL PETE 12/16/10 10,011 10,497
    DEERE & CO 6/8/12 2.6% 5,120 4,675
    MERCK & CO 12/10/10 3.87% 5,519 5,274
    WAL-MART STORES 4/11/13 2.55% 10,087 9,137
    CHEVRON CORP 6/24/13 1.718% 4,932 4,981

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CADENCE DESIGN SYSTEMS, INC CO 1,936 2,103
    BAXTER INTL INC 4,597 10,433
    CUBIST PHARMACEUTICALS INC COM    
    FULTON FINANCIAL CORP    
    GENERAL MILLS INC    
    INTEL CORP 16,278 16,222
    MARSH & MCLENNAN 15,104 21,278
    OMNICARE INC COM 1,880 3,320
    PFIZER INC    
    RAYTHEON CO COM NEW 9,324 14,966
    QUALCOMM INC 7,893 11,880
    U S BANCORP COM 16,341 20,604
    UNITED TECHNOLOGIES 6,991 16,501
    CARTER'S INC COM 2,268 2,872
    C.H. ROBINSON WORLDWIDE INC 8,330 9,044
    MICROSOFT CORP 11,334 21,698
    OCEANEERING INTL INC COM 1,041 1,578
    ROYAL CARRIBEAN CRUISES LTD    
    AT&T INC 4,775 5,626
    CHARLES RIVER LABS INTL INC CO 2,331 3,448
    ADVANCE AUTO PARTS 2,087 3,320
    COOPER COS INC/THE COM    
    CORELOGIC INC COM 1,793 2,487
    AMERICAN FNCL GROUP 2,694 4,329
    AMETEK INC 3,868 7,374
    AMGEN INC 9,528 18,253
    APPLE INC 14,987 20,758
    APTARGROUP INC 2,514 3,391
    BMC SOFTWARE INC    
    BALL CORP 11,210 16,015
    BOB EVANS FARMS    
    BROADRIDGE FINL SOL LLC 1,783 3,162
    CHEVRON CORP 11,895 14,365
    CHURCH & DWIGHT CO 2,456 3,645
    COLGATE PALMOLIVE CO 15,140 19,563
    COMMERCE BANCSHARES 3,663 4,581
    COPART INC    
    CUBIC CORP    
    DARDEN RESTAURANTS    
    DIAMOND OFFSHORE DRILLING    
    DISCOVER FNCL SERVICES 9,688 22,100
    EXXON MOBIL CORP 11,596 14,674
    FACTSET RESEARCH SYSTEMS 3,245 3,800
    FLOWSERVE CORP COM    
    ARTHUR J GALLAGHER & CO 2,604 3,520
    HARRIS CORP 2,601 4,189
    HORMEL FOODS CORP 1,746 2,710
    HUBBELL INC CL B 1,906 3,267
    INTERNATIONAL BUS MACHS 17,395 16,881
    JOHNSON & JOHNSON 12,322 17,402
    J2 GLOBAL INC 1,591 3,001
    L-3 COMMUNICATIONS HOLDINGS 2,184 3,740
    LABORATORY CRP OF AMER HLDGS 14,012 14,162
    MCCORMICK & CO 10,090 13,784
    MCGRAW HILL COS    
    MCKESSON HBOC INC 10,718 21,789
    MINERALS TECHNOLOGIES INC COM 1,252 1,802
    ORACLE CORP 15,598 19,321
    PANERA BREAD CO CL A 2,240 2,650
    PEPSICO INC 13,731 17,417
    PERRIGO CO 5,327 5,371
    RAYONIER INC COM    
    ROLLINS INC    
    ROSS STORES 2,790 4,496
    TJX COS INC 12,022 24,217
    TORO CO 2,145 4,770
    TUPPERWARE BRANDS CORP 1,956 3,309
    V F CORP 11,461 19,949
    VALSPAR CORP 2,158 4,277
    VECTREN CORP 1,691 2,130
    WADDELL & REED FINL INC 2,210 3,907
    WALGREEN CO COM    
    WATSCO INC 2,156 2,882
    WESTERN DIGITAL CORP    
    JOHN WILEY & SONS 2,551 3,036
    WISCONSIN ENERGY CORP 4,640 5,581
    WORLD FUEL SERVICES CORP 2,264 2,374
    ROYAL CARRIBEAN CRUISES LTD C 14,754 18,968
    PARKER-HANNIFIN CORP COM    
    BIG LOTS 1,546 1,292
    CISCO SYSTEMS INC 15,100 16,037
    DELUXE CORP 3,820 4,958
    DOVER CORP 12,599 13,516
    HANESBRANDS INC 2,278 3,162
    MACYS INC 15,395 19,224
    MATTEL INC 14,352 16,177
    REINSURANCE GROUP OF AMERICA 3,306 3,871
    TORCHMARK CORP 15,781 20,319
    UGI CORP 1,530 1,658
    ZEBRA TECHNOLOGIES CORP 2,020 2,434
    WALGREEN CO 12,519 20,391
    TE CONNECTIVITY LTD 9,892 12,124
    UNION PACIFIC CORP 11,669 14,280
    UNITED THERAPEUTICS CORP 3,847 5,654

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    US Government Securities - End of Year Book Value:

    245,454
    US Government Securities - End of Year Fair Market Value:

    245,925
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2013 InvestmentsOtherSchedule2
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTL FD #661 AT COST 50,240 74,931
    CONESTOGA SMALL CAP FD AT COST 35,878 60,680
    GOLDMAN SACHS SATELLITE STRAT AT COST 93,265 94,440
    HENDERSON INTL OPPORTUNITIES AT COST 53,375 75,771

    TY 2013 OtherDecreasesSchedule
    Name:
    SHAFER FAM FSUB 1870000540
    EIN: 23-6952392
    Description Amount
    ROUNDING 12