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
EUGENE M CLARY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 669065   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARIETTA, GA30066
A Employer identification number

58-2310406
B Telephone number (see instructions)

(770) 993-3562
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$8,697,924J 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      
4 Dividends and interest from securities...... 505,336 505,336  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 23,510
b Gross sales price for all assets on line 6a 13,296,543
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 528,846 505,336  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 133,375 66,687   66,688
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,724 4,362   4,362
c Other professional fees (attach schedule).... Click to see attachment 67,070 67,070   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,200 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,855 5,435   420
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 218,224 143,554   71,470
25 Contributions, gifts, grants paid........ 282,448 282,448
26 Total expenses and disbursements. Add lines 24 and 25 500,672 143,554   353,918
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,174
b Net investment income (if negative, enter -0-) 361,782
c Adjusted net income (if negative, enter -0-)...  
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 Savings and temporary cash investments.......... 660 474,593 474,593
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 7,337,275 Click to see attachment6,783,780 6,910,574
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,186,020 Click to see attachment1,186,020 1,311,662
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment1,095 Click to see attachment1,095
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,523,955 8,445,488 8,697,924
Liabilities 17 Accounts payable and accrued expenses.......... 93,051  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment13,590 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 106,641 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 8,417,314 8,445,488
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,417,314 8,445,488
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,523,955 8,445,488
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 8,417,314
2 Enter amount from Part I, line 27a..................... 2 28,174
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 8,445,488
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,445,488
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 353,917 8,616,967 0.041072
2011 220,107 8,700,267 0.025299
2010 284,324 9,350,411 0.030408
2009 341,514 8,009,412 0.042639
2008 340,000 8,913,093 0.038146
2 Total of line 1, column (d) ...................... 2 0.177564
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 0.035513
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 7,676,595
5 Multiply line 4 by line 3....................... 5 272,619
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,618
7 Add lines 5 and 6......................... 7 276,237
8 Enter qualifying distributions from Part XII, line 4.............. 8 353,918
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 3,618
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 3,618
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 3,618
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 7,993
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 7,993
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,375
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet4,375 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletGA
    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 addressbulletN/A
    14
    The books are in care ofbulletMARY TEAGUE Telephone no.bullet (770) 993-8190
    Located atbullet4701 POST OAK TRITT ROADMARIETTAGA ZIP+4bullet30062
    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
     
    No
    .........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
     
     
    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
    KENNETH B CLARY CEO & TRUSTEE
    10.00     		124,375 0 0
    PO BOX 669065
    MARIETTA,GA30066
    JEAN CLARY TRUSTEE
    1.00     		4,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    NANCY LEE OXFORD TRUSTEE
    1.00     		0 0 0
    PO BOX 669065
    MARIETTA,GA30066
    MARY S TEAGUE SEC/TREASURER
    10.00     		5,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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.........................bullet0
    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
    383,830
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    3,618
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,618
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    380,212
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    380,212
    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
    380,212
    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 7 380,212
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 334,593
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 353,918
    a Applied to 2012, but not more than line 2a 334,593
    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..... 19,325
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		360,887
    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) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    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
    BIBLE BAPTIST CHURCH
    1485 HIGHWAY 34E
    NEWNAN,GA30265     		NONE CHURCH CHARITABLE 65,145
    AMBASSADORS FOR CHRIST
    1355 TERRELL MILL RD BLDG 1462 STE
    100
    MARIETTA,GA30067     		NONE 509(A)(1) CHARITABLE 5,122
    AMERICAN CANCER SOCIETY
    250 WILLIAMS STREET NW
    ATLANTA,GA30303     		NONE 509(A)(1) CHARITABLE 20,000
    CARE NET
    100 EDGEWOOD AVE NE STE 1650
    ATLANTA,GA30303     		NONE 509(A)(1) CHARITABLE 10,200
    CHURCH OF THE OPEN DOOR
    550 BALTIMORE BOULEVARD
    WESTMINSTER,MD21157     		NONE CHURCH CHARITABLE 30,200
    CO LABORERS INTL INC
    PO BOX 2012
    SOUTH HACKENSACK,NJ07606     		NONE 509(A)(1) CHARITABLE 7,522
    COACH'S CORNER
    2799 NORTHSIDE DR NW
    ATLANTA,GA30305     		NONE 509(A)(1) CHARITABLE 15,700
    EASTWOOD BAPTIST CHURCH
    1150 ALLGOOD ROAD
    MARIETTA,GA30062     		NONE CHURCH CHARITABLE 1,000
    GREAT COMMISSION MINISTRIES
    77 EAST CROSSVILLE ROAD
    ROSWELL,GA30075     		NONE 509(A)(1) CHARITABLE 21,862
    HOPE CHRISTIAN HOME & ACADEMY
    865 SWEATMAN ROAD
    DUCK HILL,MS38925     		NONE 509(A)(1) CHARITABLE 2,122
    INPRINT INC
    PO BOX 76147
    ATLANTA,GA30358     		NONE 509(A)(1) CHARITABLE 3,500
    NEW TRIBES MISSION
    1000 EAST FIRST STREET
    SANFORD,FL32771     		NONE 509(A)(1) CHARITABLE 4,000
    OUR FATHER'S ARMS
    PO BOX 1158
    JACKSONVILLE,AL36265     		NONE 509(A)(1) CHARITABLE 9,200
    SOS MINISTRIES USA
    PO BOX 189
    DOVER,FL33527     		NONE 509(A)(1) CHARITABLE 6,000
    SWORD OF THE LORD FOUNDATION
    PO BOX 1099
    MURFREESBORO,TN37133     		NONE 509(A)(1) CHARITABLE 19,820
    TENDER MERCY MINISTRIES
    PO BOX 567524
    ATLANTA,GA31156     		NONE 509(A)(1) CHARITABLE 2,900
    UNIVERSITY BAPTIST CHURCH
    1375 FERNWOOD CIRCLE NE
    ATLANTA,GA30319     		NONE CHURCH CHARITABLE 24,722
    VICTORY BAPTIST CHURCH
    88 BRAND ROAD
    LOGANVILLE,GA30052     		NONE CHURCH CHARITABLE 12,000
    WEST COAST BIBLE COLLEGE
    4010 E LANCASTER BLVD
    LANCASTER,CA93535     		NONE 509(A)(1) CHARITABLE 15,000
    ROOPVILLE ROAD BAPTIST CHURCH
    835 HIGHWAY 27 N
    ROOPVILLE,GA30170     		NONE CHURCH CHARITABLE 1,000
    WTBI HOME MISSIONS
    3931 WHITE HORSE ROAD
    GREENVILLE,SC29611     		NONE 509(A)(1) CHARITABLE 360
    GWINNETT COUNTY BAPTIST CHURCH
    2964 VINSON CT
    BUFORD,GA30518     		NONE CHURCH CHARITABLE 1,273
    HARLEM BAPTIST CHURCH
    PO BOX 742
    HARLEM,GA30814     		NONE CHURCH CHARITABLE 3,800
    Total .................................bullet 3a 282,448
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		         
    4 Dividends and interest from securities....     14 505,336  
    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 .............     		        23,510
    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).. 0 505,336 23,510
    13Total. Add line 12, columns (b), (d), and (e)..................
    13528,846
    (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.)
    N/A N/A
    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 AccountingFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX PREPARATION 8,724 4,362   4,362

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

    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ALASKA AIR GROUP INC - 300 SHS 2013-04 PURCHASED 2013-08   17,945 18,207   0 -262  
    APPLE INC - 163 SHS 2013-01 PURCHASED 2013-09   80,559 75,042   0 5,517  
    CAMERON INTL CORP - 1,175 SHS 2013-03 PURCHASED 2013-05   74,474 74,909   0 -435  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 37 SHS 2012-05 PURCHASED 2013-05   599 547   0 52  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 40 SHS 2012-06 PURCHASED 2013-05   647 565   0 82  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 39 SHS 2012-07 PURCHASED 2013-05   631 574   0 57  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 40 SHS 2012-08 PURCHASED 2013-05   648 601   0 47  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 41 SHS 2012-09 PURCHASED 2013-05   663 633   0 30  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 41 SHS 2012-10 PURCHASED 2013-05   663 624   0 39  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 43 SHS 2012-11 PURCHASED 2013-05   696 630   0 66  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 42 SHS 2012-12 PURCHASED 2013-05   679 635   0 44  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 41 SHS 2013-01 PURCHASED 2013-05   663 650   0 13  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 40 SHS 2013-02 PURCHASED 2013-05   648 648   0    
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 39 SHS 2013-02 PURCHASED 2013-05   631 642   0 -11  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 40 SHS 2013-04 PURCHASED 2013-05   647 651   0 -4  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 40 SHS 2013-05 PURCHASED 2013-09   590 655   0 -65  
    GOLDMAN SACHS STRATEGIC INCOME CL A 71,157.495 SH 2013-04 PURCHASED 2013-10   750,711 750,000   0 711  
    GOLDMAN SACHS STRATEGIC INCOME CL A 74.1190 SH 2013-04 PURCHASED 2013-10   782 790   0 -8  
    GOLDMAN SACHS STRATEGIC INCOME CL A 174.692 SH 2013-05 PURCHASED 2013-10   1,843 1,864   0 -21  
    GOLDMAN SACHS STRATEGIC INCOME CL A 89.54 SH 2013-06 PURCHASED 2013-10   944 938   0 6  
    GOLDMAN SACHS STRATEGIC INCOME CL A 80.402 SH 2013-07 PURCHASED 2013-10   848 845   0 3  
    GOLDMAN SACHS STRATEGIC INCOME CL A 124.062 SH 2013-08 PURCHASED 2013-10   1,308 1,299   0 9  
    GOLDMAN SACHS STRATEGIC INCOME CL A 162.085 SH 2013-09 PURCHASED 2013-10   1,710 1,699   0 11  
    ISHARES RUSSELL 2000 VALUE ETF 1,720 SHS 2013-08 PURCHASED 2013-09   155,096 149,733   0 5,363  
    JANUS HIGH YIELD FUND A 50,693.703 SHS 2013-02 PURCHASED 2013-10   477,028 475,000   0 2,028  
    JANUS HIGH YIELD FUND A 201.36 SHS 2013-02 PURCHASED 2013-10   1,895 1,887   0 8  
    JANUS HIGH YIELD FUND A 246.705 SHS 2013-03 PURCHASED 2013-10   2,322 2,321   0 1  
    JANUS HIGH YIELD FUND A 240.469 SHS 2013-04 PURCHASED 2013-10   2,263 2,296   0 -33  
    JANUS HIGH YIELD FUND A 260.433 SHS 2013-05 PURCHASED 2013-10   2,451 2,456   0 -5  
    JANUS HIGH YIELD FUND A 239.051 SHS 2013-06 PURCHASED 2013-10   2,249 2,185   0 64  
    JANUS HIGH YIELD FUND A 244.011 SHS 2013-07 PURCHASED 2013-10   2,296 2,260   0 36  
    JANUS HIGH YIELD FUND A 274.788 SHS 2013-08 PURCHASED 2013-10   2,586 2,520   0 66  
    JANUS HIGH YIELD FUND A 240.381 SHS 2013-09 PURCHASED 2013-10   2,262 2,219   0 43  
    LORD ABBETT FLOATING RATE FUND A 10,515.247 SHS 2013-01 PURCHASED 2013-08   100,000 99,790   0 210  
    LORD ABBETT FLOATING RATE FUND A 89,590.127 SHS 2013-01 PURCHASED 2013-10   852,002 850,210   0 1,792  
    LORD ABBETT FLOATING RATE FUND A 340.697 SHS 2013-02 PURCHASED 2013-10   3,240 3,233   0 7  
    LORD ABBETT FLOATING RATE FUND A 412.621 SHS 2013-03 PURCHASED 2013-10   3,924 3,932   0 -8  
    LORD ABBETT FLOATING RATE FUND A 416.518 SHS 2013-04 PURCHASED 2013-10   3,961 3,982   0 -21  
    LORD ABBETT FLOATING RATE FUND A 398.312 SHS 2013-05 PURCHASED 2013-10   3,788 3,800   0 -12  
    LORD ABBETT FLOATING RATE FUND A 392.167 SHS 2013-06 PURCHASED 2013-10   3,730 3,706   0 24  
    LORD ABBETT FLOATING RATE FUND A 376.7 SHS 2013-07 PURCHASED 2013-10   3,582 3,586   0 -4  
    LORD ABBETT FLOATING RATE FUND A 360.906 SHS 2013-08 PURCHASED 2013-10   3,432 3,421   0 11  
    LORD ABBETT FLOATING RATE FUND A 330.049 SHS 2013-09 PURCHASED 2013-10   3,139 3,122   0 17  
    MFS EMERGING MARKETS BOND FUND CLASS A 284.609 SHS 2012-09 PURCHASED 2013-09   4,175 4,588   0 -413  
    MFS EMERGING MARKETS BOND FUND CLASS A 284.63 SHS 2012-10 PURCHASED 2013-09   4,175 4,605   0 -430  
    MFS EMERGING MARKETS BOND FUND CLASS A 282.559 SHS 2012-11 PURCHASED 2013-09   4,145 4,623   0 -478  
    MFS EMERGING MARKETS BOND FUND CLASS A 246.766 SHS 2012-12 PURCHASED 2013-09   3,620 4,042   0 -422  
    MFS EMERGING MARKETS BOND FUND CLASS A 249.784 SHS 2012-12 PURCHASED 2013-09   3,664 4,091   0 -427  
    MFS EMERGING MARKETS BOND FUND CLASS A 366.311 SHS 2012-12 PURCHASED 2013-09   5,373 5,993   0 -620  
    MFS EMERGING MARKETS BOND FUND CLASS A 290.197 SHS 2013-01 PURCHASED 2013-09   4,257 4,692   0 -435  
    MFS EMERGING MARKETS BOND FUND CLASS A 292.741 SHS 2013-02 PURCHASED 2013-09   4,294 4,710   0 -416  
    MFS EMERGING MARKETS BOND FUND CLASS A 292.305 SHS 2013-03 PURCHASED 2013-09   4,288 4,651   0 -363  
    MFS EMERGING MARKETS BOND FUND CLASS A 287.973 SHS 2013-04 PURCHASED 2013-09   4,225 4,668   0 -443  
    MFS EMERGING MARKETS BOND FUND CLASS A 277.151 SHS 2013-05 PURCHASED 2013-09   4,066 4,329   0 -263  
    MFS EMERGING MARKETS BOND FUND CLASS A 281.93 SHS 2013-06 PURCHASED 2013-09   4,136 4,170   0 -34  
    MFS EMERGING MARKETS BOND FUND CLASS A 277.512 SHS 2013-07 PURCHASED 2013-09   4,071 4,116   0 -45  
    MFS EMERGING MARKETS BOND FUND CLASS A 277.791 SHS 2013-08 PURCHASED 2013-09   4,075 3,989   0 86  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 192 SHS 2012-05 PURCHASED 2013-05   3,600 3,375   0 225  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 188 SHS 2012-06 PURCHASED 2013-05   3,524 3,412   0 112  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 187 SHS 2012-07 PURCHASED 2013-05   3,506 3,429   0 77  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 176 SHS 2012-08 PURCHASED 2013-05   3,300 3,244   0 56  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 177 SHS 2012-09 PURCHASED 2013-05   3,319 3,265   0 54  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 178 SHS 2012-10 PURCHASED 2013-05   3,337 3,300   0 37  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 196 SHS 2012-11 PURCHASED 2013-05   3,675 3,607   0 68  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 233 SHS 2012-12 PURCHASED 2013-05   4,369 4,254   0 115  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 191 SHS 2013-01 PURCHASED 2013-05   3,581 3,522   0 59  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 191 SHS 2013-02 PURCHASED 2013-05   3,581 3,535   0 46  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 196 SHS 2013-03 PURCHASED 2013-05   3,674 3,630   0 44  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 191 SHS 2013-04 PURCHASED 2013-05   3,581 3,564   0 17  
    PRUDENTIAL HIGH YIELD FUND CLASS A 82,608.696 SHS 2013-02 PURCHASED 2013-10   474,174 475,000   0 -826  
    PRUDENTIAL HIGH YIELD FUND CLASS A 324.793 SHS 2013-02 PURCHASED 2013-10   1,864 1,868   0 -4  
    PRUDENTIAL HIGH YIELD FUND CLASS A 451.466 SHS 2013-03 PURCHASED 2013-10   2,591 2,605   0 -14  
    PRUDENTIAL HIGH YIELD FUND CLASS A 429.95 SHS 2013-04 PURCHASED 2013-10   2,468 2,515   0 -47  
    PRUDENTIAL HIGH YIELD FUND CLASS A 479.104 SHS 2013-05 PURCHASED 2013-10   2,750 2,769   0 -19  
    PRUDENTIAL HIGH YIELD FUND CLASS A 423.427 SHS 2013-06 PURCHASED 2013-10   2,430 2,371   0 59  
    PRUDENTIAL HIGH YIELD FUND CLASS A 451.085 SHS 2013-07 PURCHASED 2013-10   2,589 2,558   0 31  
    PRUDENTIAL HIGH YIELD FUND CLASS A 501.023 SHS 2013-08 PURCHASED 2013-10   2,876 2,806   0 70  
    PRUDENTIAL HIGH YIELD FUND CLASS A 419.346 SHS 2013-09 PURCHASED 2013-10   2,407 2,361   0 46  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 94,905.095 SHS 2013-02 PURCHASED 2013-09   933,866 950,000   0 -16,134  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 330.505 SHS 2013-02 PURCHASED 2013-09   3,252 3,302   0 -50  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 486.555 SHS 2013-03 PURCHASED 2013-09   4,788 4,870   0 -82  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 441.213 SHS 2013-04 PURCHASED 2013-10   4,342 4,439   0 -97  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 477.539 SHS 2013-05 PURCHASED 2013-10   4,699 4,752   0 -53  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 431.904 SHS 2013-06 PURCHASED 2013-10   4,250 4,211   0 39  
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 479.415 SHS 2013-07 PURCHASED 2013-09   4,717 4,717   0    
    PRUDENTIAL SHORT DURATION HIGH YIELD INCOME FUND CLASS A 496.382 SHS 2013-08 PURCHASED 2013-09   4,884 4,860   0 24  
    SENTINEL GOVT SECS FD CL A 232,186.236 SHS 2012-04 PURCHASED 2013-01   2,482,071 2,500,646   0 -18,575  
    SENTINEL GOVT SECS FD CL A 650.04 SHS 2012-04 PURCHASED 2013-01   6,949 7,001   0 -52  
    SENTINEL GOVT SECS FD CL A 607.403 SHS 2012-05 PURCHASED 2013-01   6,493 6,536   0 -43  
    SENTINEL GOVT SECS FD CL A 518.234 SHS 2012-06 PURCHASED 2013-01   5,540 5,581   0 -41  
    SENTINEL GOVT SECS FD CL A 492.19 SHS 2012-07 PURCHASED 2013-01   5,262 5,350   0 -88  
    SENTINEL GOVT SECS FD CL A 564.595 SHS 2012-08 PURCHASED 2013-01   6,036 6,092   0 -56  
    SENTINEL GOVT SECS FD CL A 450.635 SHS 2012-09 PURCHASED 2013-01   4,817 4,885   0 -68  
    SENTINEL GOVT SECS FD CL A 305.238 SHS 2012-10 PURCHASED 2013-01   3,263 3,297   0 -34  
    SENTINEL GOVT SECS FD CL A 436.216 SHS 2012-11 PURCHASED 2013-01   4,663 4,715   0 -52  
    SENTINEL GOVT SECS FD CL A 460.151 SHS 2012-12 PURCHASED 2013-01   4,919 4,960   0 -41  
    SENTINEL GOVT SECS FD CL A 618.793 SHS 2012-12 PURCHASED 2013-01   6,615 6,671   0 -56  
    SENTINEL GOVT SECS FD CL A 419.786 SHS 2013-01 PURCHASED 2013-01   4,488 4,509   0 -21  
    SENTINEL LOW DURATION BOND FUND CLASS A 16,574.586 SHS 2012-04 PURCHASED 2013-01   150,000 152,208   0 -2,208  
    SENTINEL LOW DURATION BOND FUND CLASS A 266,341.627 SHS 2012-04 PURCHASED 2013-01   2,399,738 2,447,680   0 -47,942  
    SENTINEL LOW DURATION BOND FUND CLASS A 493.1 SHS 2012-04 PURCHASED 2013-01   4,443 4,527   0 -84  
    SENTINEL LOW DURATION BOND FUND CLASS A 465.1140 SHS 2012-05 PURCHASED 2013-01   4,191 4,251   0 -60  
    SENTINEL LOW DURATION BOND FUND CLASS A 466.899 SHS 2012-06 PURCHASED 2013-01   4,207 4,258   0 -51  
    SENTINEL LOW DURATION BOND FUND CLASS A 436.011 SHS 2012-07 PURCHASED 2013-01   3,928 3,981   0 -53  
    SENTINEL LOW DURATION BOND FUND CLASS A 468.898 SHS 2012-08 PURCHASED 2013-01   4,225 4,272   0 -47  
    SENTINEL LOW DURATION BOND FUND CLASS A 407.943 SHS 2012-09 PURCHASED 2013-01   3,676 3,708   0 -32  
    SENTINEL LOW DURATION BOND FUND CLASS A 408.526 SHS 2012-10 PURCHASED 2013-01   3,681 3,714   0 -33  
    SENTINEL LOW DURATION BOND FUND CLASS A 441.552 SHS 2012-11 PURCHASED 2013-01   3,978 4,005   0 -27  
    SENTINEL LOW DURATION BOND FUND CLASS A 412.009 SHS 2012-12 PURCHASED 2013-01   3,712 3,782   0 -70  
    SENTINEL LOW DURATION BOND FUND CLASS A 389.627 SHS 2013-01 PURCHASED 2013-01   3,511 3,569   0 -58  
    SPDR S&P DJIA TRUST ETF SER 1 1,020 SHS 2013-08 PURCHASED 2013-09   154,694 150,825   0 3,869  
    SPDR S&P DJIA TRUST ETF SER 1 2,630 SH 2013-09 PURCHASED 2013-10   403,421 400,192   0 3,229  
    SPDR S&P 500 ETF TR 910 SHS 2013-08 PURCHASED 2013-09   153,516 149,055   0 4,461  
    TESSCO TECHNOLOGIES INC 2,000 SH 2012-04 PURCHASED 2013-01   47,282 38,583   0 8,699  
    WESTERN ASSET HIGH YIELD 93 SHS 2012-09 PURCHASED 2013-09   1,629 1,848   0 -219  
    WESTERN ASSET HIGH YIELD 98 SHS 1926-10 PURCHASED 2013-09   1,717 1,860   0 -143  
    WESTERN ASSET HIGH YIELD 102 SHS 2012-11 PURCHASED 2013-09   1,787 1,874   0 -87  
    WESTERN ASSET HIGH YIELD 100 SHS 2012-12 PURCHASED 2013-09   1,752 1,825   0 -73  
    WESTERN ASSET HIGH YIELD 95 SHS 2013-01 PURCHASED 2013-09   1,664 1,829   0 -165  
    WESTERN ASSET HIGH YIELD 98 SHS 2013-02 PURCHASED 2013-09   1,717 1,842   0 -125  
    WESTERN ASSET HIGH YIELD 94 SHS 2013-03 PURCHASED 2013-09   1,647 1,800   0 -153  
    WESTERN ASSET HIGH YIELD 93 SHS 2013-04 PURCHASED 2013-09   1,629 1,803   0 -174  
    WESTERN ASSET HIGH YIELD 97 SHS 2013-05 PURCHASED 2013-09   1,699 1,825   0 -126  
    WESTERN ASSET HIGH YIELD 100 SHS 2013-06 PURCHASED 2013-09   1,752 1,763   0 -11  
    WESTERN ASSET HIGH YIELD 99 SHS 2013-07 PURCHASED 2013-09   1,734 1,770   0 -36  
    WESTERN ASSET HIGH YIELD 101 SHS 2013-08 PURCHASED 2013-09   1,769 1,785   0 -16  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 149,136.578 SHS 2013-01 PURCHASED 2013-10   954,474 950,000   0 4,474  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 683.182 SHS 2013-02 PURCHASED 2013-10   4,372 4,352   0 20  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 758.918 SHS 2013-03 PURCHASED 2013-10   4,857 4,880   0 -23  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 688.253 SHS 2013-04 PURCHASED 2013-10   4,405 4,460   0 -55  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 848.895 SHS 2013-05 PURCHASED 2013-10   5,433 5,475   0 -42  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 844.604 SHS 2013-06 PURCHASED 2013-10   5,405 5,287   0 118  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 825.874 SHS 2013-07 PURCHASED 2013-10   5,286 5,228   0 58  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 890.997 SHS 2013-08 PURCHASED 2013-10   5,702 5,587   0 115  
    WESTERN ASSET SHORT DURATION HIGH INCOME FUND CLASS A 724.941 SHS 2013-09 PURCHASED 2013-10   4,640 4,574   0 66  
    ISHARES SILVER TRUST 500 SHS 2012-08 PURCHASED 2013-05   13,590 11,595   0 1,995  
    SPDR GOLD TRUST 950 SHS 2013-08 PURCHASED 2013-04   125,183 127,943   0 -2,760  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 35 SHS 2012-02 PURCHASED 2013-05   567 507   0 60  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 35 SHS 2012-03 PURCHASED 2013-05   567 517   0 50  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 37 SHS 2012-04 PURCHASED 2013-05   599 538   0 61  
    MFS EMERGING MARKETS BOND FUND CLASS A 7,692.308 SHS 2012-03 PURCHASED 2013-05   125,000 117,000   0 8,000  
    MFS EMERGING MARKETS BOND FUND CLASS A 25,180.802 SHS 2012-03 PURCHASED 2013-09   369,402 383,000   0 -13,598  
    MFS EMERGING MARKETS BOND FUND CLASS A 8.79 SHS 2012-03 PURCHASED 2013-09   129 134   0 -5  
    MFS EMERGING MARKETS BOND FUND CLASS A 135.13 SHS 2012-04 PURCHASED 2013-09   1,982 2,072   0 -90  
    MFS EMERGING MARKETS BOND FUND CLASS A 140.263 SHS 2012-05 PURCHASED 2012-09   2,058 2,080   0 -22  
    MFS EMERGING MARKETS BOND FUND CLASS A 137.337 SHS 2012-06 PURCHASED 2013-09   2,015 2,089   0 -74  
    MFS EMERGING MARKETS BOND FUND CLASS A 41,454.082 SHS 2012-07 PURCHASED 2013-09   608,131 650,000   0 -41,869  
    MFS EMERGING MARKETS BOND FUND CLASS A 175.679 SHS 2012-07 PURCHASED 2013-09   2,577 2,765   0 -188  
    MFS EMERGING MARKETS BOND FUND CLASS A 287.445 SHS 2012-08 PURCHASED 2013-09   4,217 4,570   0 -353  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 198 SHS 2012-01 PURCHASED 2013-05   3,712 3,433   0 279  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 190 SHS 2012-02 PURCHASED 2013-05   3,562 3,393   0 169  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 188 SHS 2012-03 PURCHASED 2013-05   3,525 3,374   0 151  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 190 SHS 2012-04 PURCHASED 2013-05   3,562 3,391   0 171  
    WESTERN ASSET HIGH YIELD 92 SHS 2012-01 PURCHASED 2013-09   1,611 1,747   0 -136  
    WESTERN ASSET HIGH YIELD 94 SHS 2012-02 PURCHASED 2013-09   1,646 1,771   0 -125  
    WESTERN ASSET HIGH YIELD 90 SHS 2012-03 PURCHASED 2013-09   1,576 1,773   0 -197  
    WESTERN ASSET HIGH YIELD 97 SHS 2012-04 PURCHASED 2013-09   1,699 1,794   0 -95  
    WESTERN ASSET HIGH YIELD 99 SHS 2012-05 PURCHASED 2013-09   1,734 1,812   0 -78  
    WESTERN ASSET HIGH YIELD 95 SHS 2012-06 PURCHASED 2013-09   1,664 1,805   0 -141  
    WESTERN ASSET HIGH YIELD 94 SHS 2012-07 PURCHASED 2013-09   1,647 1,809   0 -162  
    WESTERN ASSET HIGH YIELD 93 SHS 2012-08 PURCHASED 2013-09   1,629 1,835   0 -206  
    WESTERN ASSET HIGH YIELD 92 SHS 2012-09 PURCHASED 2003-11   1,645 1,778   0 -133  
    WESTERN ASSET HIGH YIELD 9 SHS 2013-09 PURCHASED 2013-11   161 173   0 -12  
    FIRST TRUST SENIOR FLOATING RATE INCOME FUND II - 7,000 SHS 2011-09 PURCHASED 2013-05   113,315 90,507   0 22,808  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 4,770 SHS 2009-06 PURCHASED 2013-05   89,436 66,534   0 22,902  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 20,000 SHS 2010-06 PURCHASED 2013-05   374,992 322,400   0 52,592  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 6,000 SHS 2010-06 PURCHASED 2013-05   112,498 96,780   0 15,718  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 3,900 SHS 2010-06 PURCHASED 2013-05   73,123 62,946   0 10,177  
    POWERSHARES EXCHANGE TRADED FD TR FINL PFD PORTFOLIO 100 SHS 2010-06 PURCHASED 2013-05   1,875 1,615   0 260  
    WESTERN ASSET HIGH YIELD 6,000 SHS 2011-09 PURCHASED 2013-09   105,096 104,984   0 112  
    WESTERN ASSET HIGH YIELD 6,000 SHS 2011-10 PURCHASED 2013-09   105,096 105,334   0 -238  

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN RAILCAR INDUSTRIES - 1,976 SHARES 75,144 90,402
    INTUIT - 1,182 SHARES 75,055 90,210
    HERTZ GLOBAL HOLDINGS INC. - 3,575 SHARES 75,139 102,317
    SPDR DJIA TRUST EFT SER 1 - 2,600 SHS 405,896 430,222
    COLUMBIA MARSICO FLEXIBILE CAPITAL FUND A - 70,079.335 SHARES 1,106,700 1,070,812
    EATON VANCE RICHARD BERNSTEIN EQUITY STRATEGY FUND CL A - 75,539.104 SHARES 1,004,671 1,046,461
    FAIRHOLME FUND - 25,962.766 SHARES 1,081,135 1,017,740
    PUTNAM EQUITY SPECTRUM FUND CLASS A - 26,037.582 SHARES 1,014,333 1,098,526
    THORNBURG CORE GROWTH FUND CLASS A - 39,556.962 SHARES 1,000,000 1,080,696
    PRIOR YEAR CORPORATE STOCK 0 0
    UNTS AAM TACT INC - 90,398 SHARES 945,707 883,188

    TY 2013 InvestmentsOtherSchedule2
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ANNUITY - JACKSON NATIONAL LIFE INSURANCE PERSPECTIVE II FMV 1,100,000 1,225,642
    GOLD COINS AT COST 86,020 86,020

    TY 2013 OtherAssetsSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 0 1,095 1,095


    TY 2013 OtherExpensesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 1,659 1,659   0
    OFFICE EXPENSE 4,196 3,776   420


    TY 2013 OtherLiabilitiesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Beginning of Year - Book Value End of Year - Book Value
    BORROWED SECURITIES 13,590 0


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 67,070 67,070   0


    TY 2013 TaxesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 3,200 0   0