| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,200 | 7,200 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| CHANGE IN 1/1/13 SECURITIES AT COST AND EQUITY | PART II LINES 10B AND 30 | IN 2012, THE FOUNDATION RECEIVED DONATIONS OF PROCTOR AND GAMBLE SHARES FROM THE ESTATE OF CATHERINE GAISMAN. THESE SHARES WERE RECORDED AT A BASIS UTILIZING THE FAIR MARKET VALUE AT THE DATE OF CATHERINE GAISMAN'S DEATH. THE DECEDENT DIED IN 2010, AND THE EXECUTOR ELECTED OUT OF THE ESTATE TAX, THEREBY PRECLUDING THE ESTATE FROM STEPPING UP THE BASIS OF THE SHARES. THEREFORE, THE SHARES DONATED BY THE ESTATE SHOULD HAVE BEEN SHOWN AT A BASIS EQUAL TO THE ESTATE'S MODIFIED CARRYOVER BASIS. THE FOUNDATION IS MAKING A DOWNWARD ADJUSTMENT OF $41,375,875 TO SECURITIES AT COST AND FUND BALANCE AS OF JANUARY 1, 2013. SINCE NONE OF THESE SHARES WERE SOLD DURING 2012, THERE WAS NO ADJUSTMENT THAT HAD TO BE MADE TO INCOME OR THE EXCISE TAX. THERE IS NO ADJUSTMENT TO THE FAIR MARKET VALUES THAT WERE REPORTED. FUND BALANCES AS REPORTED ON ORIGINALLY FILED 2012 FORM 990-PF $ 44,402,565DOWNWARD ADJUSTMENT AS EXPLAINED ABOVE -41,375,875FUND BALANCES RESTATED AT BEGINNING OF YEAR, 2013 $ 3,026,690 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 100,000 JP MORGAN CHASE ACCD DJIA | 100,000 | 108,682 |
| 65000 HJ HEINZ | 69,099 | 66,900 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1296964 SHS PROCTOR & GAMBLE CO. STOCK | 1,281,867 | 127,854,731 |
| 10,000 COCA COLA CO COM | 253,208 | 413,100 |
| 10,000 GENERAL ELECTRIC CO | 169,449 | 280,300 |
| 10,000 VERIZON COMMUNICATIONS | 303,224 | 491,400 |
| 10,000 JOHNSON & JOHNSON | 834,433 | 915,900 |
| 10,000 SEADRILL LTD | 448,300 | 410,800 |
| 140116 EXXON MOBIL | 334,877 | 14,179,739 |
| Description | Amount |
|---|---|
| FEDERAL EXCISE TAX | 39,311 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE FILING FEES | 1,500 | 0 | 0 | |
| INVESTMENT ADVISOR FEES | 2,183,616 | 2,183,616 | 0 | |
| MISCELLANEOUS EXPENSES | 452 | 0 | 0 |
| Description | Amount |
|---|---|
| EXCESS FMV OVER COST-P&G STK DONATION | 1,152,192 |