Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 09-01-2012 , and ending 08-31-2013
Name of foundation
ETHEL D COLKET FOUNDATION
C/O PNC BANK NA CO-TTEE

Number and street (or P.O. box number if mail is not delivered to street address)620 LIBERTY AVENUE NO 10THFL   Room/suite
City or town, state, and ZIP code
PHILADELPHIA, PA152222705
A Employer identification number

23-6292917
B Telephone number (see instructions)

(412) 762-4240
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,657,709J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 12 12  
4 Dividends and interest from securities...... 100,821 122,746  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 151,278
b Gross sales price for all assets on line 6a 541,752
7 Capital gain net income (from Part IV, line 2)... 182,768
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 79 -278  
12 Total. Add lines 1 through 11........ 252,190 305,248  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,792 16,792   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 4,479 1,295   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 1,945 25,679   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,216 43,766   0
25 Contributions, gifts, grants paid........ 1,094,982 1,094,982
26 Total expenses and disbursements. Add lines 24 and 25 1,118,198 43,766   1,094,982
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -866,008
b Net investment income (if negative, enter -0-) 261,482
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets 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............... 15,369 8,419 8,419
2 Savings and temporary cash investments.......... 33,282 8,601 8,601
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,122,896 Click to see attachment981,881 2,394,123
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)........... 1,365,203 Click to see attachment1,343,390 2,246,566
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) 2,536,750 2,342,291 4,657,709
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 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......... 2,502,801 2,341,987
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 33,949 304
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,536,750 2,342,291
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,536,750 2,342,291
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 2,536,750
2 Enter amount from Part I, line 27a..................... 2 -866,008
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 671,948
4 Add lines 1, 2, and 3.......................... 4 2,342,690
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 399
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,342,291
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a SALE OF SECURITIES      
b CLASS ACTION PROCEEDS P    
c VITTORIA FUND LP P    
d PLEIADES INVESTMENT PARTNERS LP P    
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 541,752   375,431 166,321
b 36     36
c 9,595     9,595
d 6,816     6,816
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       166,321
b       36
c       9,595
d       6,816
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 2 182,768
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 1,391,931 4,807,679 0.289522
2010 1,028,029 5,166,929 0.198963
2009 378,450 5,076,256 0.074553
2008 500,701 4,697,126 0.106597
2007 554,429 6,159,590 0.090011
2 Total of line 1, column (d) ...................... 2 0.759646
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 0.151929
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 5,060,839
5 Multiply line 4 by line 3....................... 5 768,888
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,615
7 Add lines 5 and 6......................... 7 771,503
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,094,982
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,615
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 2,615
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 2,615
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 2,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 4,915
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,115
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 4,500
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet1,308 Refunded Bullet 11 3,192
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)
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 762-4240
    Located atbullet620 LIBERTY AVE 10TH FLPITTSBURGHPA ZIP+4bullet152222705
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    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 (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PNC BANK CO-TRUSTEE
    4.00     		16,792 0 0
    620 LIBERTY AVENUE
    PITTSBURGH,PA152222705
    TRISTRAM C COLKET JR CO-TRUSTEE
    1.00     		0 0 0
    C/O PNC BANK 1600 MARKET STREET
    29TH FLOOR
    PHILADELPHIA,PA191037240
    BRYAN D COLKET CO-TRUSTEE
    1.00     		0 0 0
    C/O PNC BANK 1600 MARKET STREET
    29TH FLOOR
    PHILADELPHIA,PA191037240
    CAROLYN C CULLEN CO-TRUSTEE
    1.00     		0 0 0
    C/O PNC BANK 1600 MARKET STREET
    29TH FLOOR
    PHILADELPHIA,PA191037240
    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 N/A 0
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    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
    5,137,268
    b
    Average of monthly cash balances.......................
    1b
    640
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,137,908
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,137,908
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    77,069
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,060,839
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    253,042
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    253,042
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,615
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,615
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    250,427
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    250,427
    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
    250,427
    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
    1,094,982
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    1,094,982
    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
    2,615
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,092,367
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 250,427
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 259,546
    b From 2008....... 267,461
    c From 2009....... 129,240
    d From 2010....... 777,494
    e From 2011....... 1,156,930
    fTotal of lines 3a through e......... 2,590,671
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,094,982
    a Applied to 2011, 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 2012 distributable amount..... 250,427
    e Remaining amount distributed out of corpus 844,555
    5 Excess distributions carryover applied to 2012. 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 3,435,226
    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 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		259,546
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		3,175,680
    10 Analysis of line 9:
    a Excess from 2008.... 267,461
    b Excess from 2009.... 129,240
    c Excess from 2010.... 777,494
    d Excess from 2011.... 1,156,930
    e Excess from 2012.... 844,555
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    CO KIRSTEN CATALDI PNC BANK
    1600 MARKET STREET F2-F070-07-1
    PHILADELPHIA,PA19103
    (215) 585-4419
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING
    cAny submission deadlines:
    NONE, BUT APPLICANTS FROM THE DELAWARE VALLEY OF PENNSYLVANIA ARE PREFERRED
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL, CHARITABLE, SCIENTIFIC, LITERARY, AND RELIGIOUS CONCERNS ONLY.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ABBE MUSEUM BAR HARBOR ME
    26 MT DESERT STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY ANNUAL FUND 200
    ACADEMY IN MANYUNK
    1200 RIVER ROAD
    CONSHOHOCKEN,PA19428     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 6,081
    ACADEMY OF MUSIC PHILADELPHIA PA
    1420 LOCUST STREET
    PHILADELPHIA,PA19102     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 9,081
    ACADEMY OF NATURAL SCIENCES PHILADELPHIA PA
    1900 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19103     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 5,081
    ACADIA FAMILY CENTER
    1 FERNALD POINT ROAD
    SOUTHWEST HARBOR,ME04679     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    AGNES IRWIN SCHOOL BRYN MAWR PA
    275 SOUTH ITHAN AVENUE
    ROSEMONT,PA19010     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 85,547
    AGNES IRWIN SCHOOL BRYN MAWR PA
    275 SOUTH ITHAN AVENUE
    ROSEMONT,PA19010     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,500
    AMERICAN HELICOPTER MUSEUM & EDUCATION CENTER WEST CHESTER PA
    1220 AMERICAN BLVD
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    AMERICAN RED CROSS SEPA
    7272 GREENVILLE LANE
    DALLAS,TX75231     		N/A PUBLIC CHARITY NATIONAL DISASTER RELIEF 4,081
    AOPA AIR SAFETY FOUNDATION FREDERICK MD
    421 AVIATION WAY
    FREDERICK,MD21701     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    ATLANTIC SALMON FEDERATION CALAIS ME
    PO BOX 807
    CALAIS,ME04619     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 25,000
    BAR HARBOR FOOD PANTRY BAR HARBOR ME
    36 MT DESERT STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    BAR HARBOR HISTORICAL SOCIETY BAR HARBOR ME
    33 LEDGELAWN AVENUE
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    BAR HARBOR MUSIC FESTIVAL BAR HARBOR ME
    59 COTTAGE STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    BARNES FOUNDATION
    2025 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19130     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    BEATRIX FARRAND SOCIETY
    1029 MAIN 3
    BAR HARBOUR,ME04069     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    BELMONT CHILED CARE ASSOCIATION
    2150 HEMPSTEAD TRUNPIKE
    ELMONT,NY11003     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    BENCHMARK SCHOOL MEDIA PA
    2107 NORTH PROVIDENCE ROAD
    MEDIA,PA19063     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    BOY SCOUTS OF AMERICA ORONO ME
    90 KELLEY ROAD
    ORONO,ME04473     		N/A PUBLIC CHARITY KATAHDIN AREA COUNCIL,BSA 250
    BRANDYWINE CONSERVANCY INC CHADDS FORD PA
    PO BOX 141
    CHADDS FORD,PA19317     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    BREWSTER ACADEMY WOLFEBORO NH
    80 ACADEMY DRIVE
    BREWSTER,MA03894     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,073
    BRYN MAWR HOSITAL FOUNDATION BRYN MAWR PA
    130 SOUTH BRYN MAWR DRIVE
    BRYN MAWR,PA19010     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 12,242
    CARDIGAN MOUNTAIN SCHOOL CANAAN NH
    62 ALUMNI DRIVE
    CANAAN,NH03741     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    CENTER FOR HUMAN GENETICS BAR HARBOR ME
    93 COTTAGE STREET SUITE D
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    CHESTER COUNTY COMMUNITY FOUNDATION INC WEST CHESTER PA
    27 WEST MARKET STREET
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY ENDOWMENT PROGRAM 4,081
    CHESTER COUNTY FOOD BANK
    1208 HORSESHOE PIKE
    DOWNINGTOWN,PA19335     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 7,000
    CHESTER COUNTY FUND FOR WOMEN & GIRLS WEST CHESTER PA
    1025 ANDREW DRIVE STE 200
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    CHESTER COUNTY HISTORICAL SOCIETY WEST CHESTER PA
    225 NORTH HIGH STREET
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    CHESTER COUNTY SPCA
    1212 PHOENIXVILLE PIKE
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 100
    CHILDREN'S HOSPITAL OF PHILADELPHIA - PHILADELPHIA PA
    PO BOX 8500
    PHILADELPHIA,PA19178     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 51,040
    CHILDREN'S HOSPITAL OF PHILADELPHIA - PHILADELPHIA PA
    PO BOX 8500
    PHILADELPHIA,PA19178     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 15,000
    CHILDREN'S HOSPITAL OF PHILADELPHIA - PHILADELPHIA PA
    PO BOX 8500
    PHILADELPHIA,PA19178     		N/A PUBLIC CHARITY PLEDGE FOR AMBILATORY CARE BUILDING 10,000
    COLLEGE OF THE ATLANTIC THE CHAMPLAIN SOCIETY BAR HARBOR ME
    105 EDEN STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    COLORADO COLLEGE COLORADO SPRINGS CO
    14 EAST CACHE LA POUDRE ST
    COLORADO SPRINGS,CO08903     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    COMMUNITY CLOTHES CHARITY WAYNE PA
    503 WEST CHESTER AVENUE
    WAYNE,PA19087     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 823
    COMMUNITY PARTNERSHIP SCHOOL PHILADELPHIA PA
    1936 NORTH JUDSON STREET
    PHILADELPHIA,PA19121     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    COMMUNITY VOLUNTEERS IN MEDICINE WEST CHESTER PA
    300 N LAWRENCE DRIVE
    WEST CHESTER,PA19380     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 4,081
    CONCORDIA LUTHERAN CHURCH WILMINGTON DE
    3003 SILVERSIDE ROAD
    WILMINGTON,DE19810     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    CORINTHIAN HISTORICAL FOUNDATION ESSINGTONPA
    PO BOX 366
    ESSINGTON,PA19029     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    COUNCIL FOR RELATIONS
    4025 CHESTNUT ST 1ST FL
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    CROHN'S & COLITIS FOUNDATION TREVOSE PA
    567 EAST STREET ROAD
    TREVOSE,PA19053     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    DRAGONFLY FOREST INC CONSHOHOCKEN PA
    1100 EAST HECTOR ROAD
    CONSHOHOCKEN,PA19428     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,040
    EASTER SEALS - PHILADELPHIA PA
    3975 CONSHOHOCKEN AVENUE
    PHILADELPHIA,PA19131     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 4,081
    ELON UNIVERSITY
    100 CAMPUS DR
    ELON,NC27244     		N/A UNIVERSITY GENERAL USE OF THE ORGANIZATION 1,000
    EPISCOPAL ACADEMY
    1785 BISHOP WHITE DRIVE
    NEWTON SQUARE,PA19073     		N/A PUBLIC CHARITY GENERAL USE IF THE ORGANIZATION 5,904
    EPISCOPAL COMMUNITY SERVICES PHILA PA
    225 S THIRD STREET
    PHILADELPHIA,PA19106     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    FIRST BAPTIST CHURCH- DR MISSONS
    123 S 17TH ST
    PHILADELPHIA,PA19103     		N/A CHURCH MISSIONARY PROJECTS 200
    FOREST SOCIETY OF MAINE BANGOR ME
    115 FRANKLIN STREET 3
    BANGOR,ME04401     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    FRANKLIN INSTITUTE PHILADELPHIA PA
    220 NORTH 20TH STREET
    PHILADELPHIA,PA19103     		N/A PUBLIC CHARITY PLEDGE FOR INSPIRE SCIENCE PROGRAM 3,000
    FRANKLIN INSTITUTE PHILADELPHIA PA
    220 NORTH 20TH STREET
    PHILADELPHIA,PA19103     		N/A PUBLIC CHARITY CAPITAL CAMPAIGN 20,367
    FRIENDS OF ACADIA BENEFIT COMMITTEE BAR HARBOR ME
    PO BOX 45
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,500
    GARDEN CLUB OF MT DESERT NORTHEAST HARBOR ME
    PO BOX 553
    NORTHEAST HARBOR,ME04662     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,200
    GREAT HARBOR MARITIME MUSEUM
    125 MAIN STREET
    NORTHEAST HARBOR,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 100
    HANCOCK COUNTY HOMECARE & HOSPICE BLUE HILL ME
    PO BOX 156
    BLUE HILL,ME04614     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HARBOR HOUSE (MDI COMMUNITY SAILING CENTER) SOUTHWEST HARBOR ME
    329 MAIN STREET
    SOUTHWEST HARBOR,ME04679     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HAVERFORD SCHOOL HAVERFORD PA
    450 LANCASTER AVENUE
    HAVERFORD,PA19041     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 3,323
    HERRING GUT LEARNING CENTER PORT CLYDE ME
    59 FACTORY ROAD
    PORT CLYDE,ME04855     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HISTORIC SUGARTOWN INC MALVERN PA
    690 SUGARTOWN ROAD
    MALVEN,PA19355     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HISTORIC WAYNESBOROUGH
    2049 WAYNESBOROUGH RD
    PAOLI,PA19301     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HISTORIC WAYNESBOROUGH
    2049 WAYNESBOROUGH RD
    PAOLI,PA19301     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    HOLDERNESS SCHOOL PLYMOUTH NH
    PO BOX 1879
    PLYMOUTH,NH03264     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 4,331
    HOME OF THE SPARROW MALVERN PA
    969 E SWEDESFORD ROAD
    EXTON,PA19341     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    HUN SCHOOL OF PRINCETON PRINCETON NJ
    176 EDGARSTOUNE ROAD
    PRINCETON,NJ08540     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    INDEPENDENCE SEAPORT MUSEUM PHILADELPHIA PA
    211 S CHRISTOPHER BLVD
    PHILADELPHIA,PA19106     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    INDIAN MOUNTAIN SCHOOL INC LAKEVILLE CT
    211 INDIAN MOUNTAIN ROAD
    LAKEVILLE,CT06039     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    ISLAND CONNECTIONS BAR HARBOR ME
    15 EAGLE LAKE ROAD
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    ISLAND HOUSING TRUST
    PO BOX 850
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    JACKSON LABORATORY BAR HARBOR ME
    600 MAIN STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    JESUP MEMORIAL LIBRARY BAR HARBOR ME
    34 MT DESERT STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 300
    KID'S CORNER BAR HARBOR ME
    81 MT DESERT ROAD
    BAR HARBOUR,ME04069     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    LIFEFLIGHT FOUNDATION BANGOR ME
    PO BOX 899
    CAMDEN,ME04843     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    MAIN LINE ANIMAL RESCUE
    PO BOX 89
    CHESTER SPRINGS,PA19425     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 823
    MAINE CANCER FOUNDATION
    170 US RT 1 SUITE 250
    FALMOUTH,ME04105     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MAINE COAST HERITAGE TRUST TOPSHAM ME
    1 BOWDOIN MILL ISLAND STE 20
    TOPSHAM,ME04086     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    MAINE COAST MEMORIAL HOSPITAL
    50 UNION STREET
    ELLSWORTH,ME04605     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 4,081
    MAINE COMMUNITY FOUNDATIONELLSWORTH ME
    245 MAIN STREET
    ELLSWORTH,ME04605     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,300
    MAINE SEA COAST MISSION BAR HARBOUR ME
    127 WEST STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY CAPITAL CAMPAIGN 1,000
    MAINE SEA COAST MISSION BAR HARBOUR ME
    127 WEST STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 16,286
    MARK WOOLMAN HORNER MUSIC EDUCATION FUND ELLSWORTH ME
    9 EVERGREN LANE
    HADDONFIELD,NJ08033     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MDI BIOLOGICAL LABORATORY
    159 OLD BAR HARBOR RD
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MDI CAMP BEACH CLIFF CAMPERSHIP FUND
    PO BOX 381
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY CAMPERSHIP FUND 300
    MILL REEF FUND CO BBH & CO NY NY
    140 BROADWAY 4TH FLOOR
    NEW YORK,NY10005     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    MOUNT DESERT FESTIVAL OF CHAMBER MUSIC NORTHEAST HARBOR ME
    POBOX 862
    NORTHEAST HARBOR,ME04662     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MOUNT DESERT ISLAND COMMUNITY SAILING CENTER SOUTHWEST HARBOR ME
    168 CLARK POINTE ROAD
    SOUTHWEST HARBOR,ME04679     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,717
    MOUNT DESERT ISLAND HISTORICAL SOCIETY MOUNT DESERT ME
    POBOX 653
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MOUNT DESERT ISLAND HOSPITAL BAR HARBOR ME
    10 WAYMAN STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 371,189
    MOUNT DESERT ISLAND NURSING ASSOCIATION
    12 SUMMIT ROAD
    NORTHEAST HARBOR,ME04662     		N/A PUBLIC CHARITY GENERAL USE OF ORGANIZATION 500
    MOUNT DESERT ISLAND SEARCH & RESCUE BAR HARBOR ME
    POBOX 493
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    MOUNT DESERT ISLAND YMCA BAR HARBOR ME
    21 PARK STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    MOUNT DESERT ISLAND YWCA BAR HARBOR ME
    36 MT DESERT STREET
    BAR HARBOUR,ME04609     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MOUNT DESERT LAND & GARDEN PRESERVE SEAL HARBOR ME
    POBOX 208
    SEAL HARBOR,ME04675     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    MOUNT DESERT NURSERY SCHOOL AND CHILDCARE CENTER NORTHEAST HARBOR ME
    15 TRACY STREET
    MOUNT DESERT,ME04662     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    MOUNT DESERT SUMMER CHORALE MOUNT DESERT ME
    POBOX 887
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    NATIONAL AUDUBON SOCIETY ROME NY
    117 W PIKE STREET
    ROME,NY13440     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    NEIGHBORHOOD HOUSE NORTHEAST HARBOR ME
    1 KIMBALL ROAD
    NORTHEAST HARBOR,ME04662     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,684
    NEW YORK YACHT CLUB FOUNDATION NEW YORK NY
    37 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    NEXT STEP DOMESTIC VIOLENCE PROJECT
    PO BOX 1466
    ELLSWORTH,ME04605     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    NORMAN BIRD SANCTUARY
    583 3RD BEACH ROAD
    MIDDLETOWN,RI02842     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    NORTH CAROLINA OUTWARD BOUND SCHOOL ASHEVILLE NC
    1351 EAST MORHEAD STREET
    CHARLOTTE,NC28204     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    OPEN DOOR RECOVERY CENTER INC ELLSWORTH ME
    8 OLD MILL ROAD
    ELLSWORTH,ME04605     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 7,500
    OPERATION WARM KENNETT SQUARE PA
    576 ROSEDALE ROAD SUITE 8
    KENNETT SQUARE,PA19348     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    PAOLI MEMORIAL HOSPITAL PAOLI PA
    225 WEST LANCASTER AVENUE
    PAOLI,PA19301     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 8,161
    PENNSYLVANIA HORTICULTURAL SOCIETY PHILADELPHIA PA
    100 NORTH 20TH STREET 500
    PHILADELPHIA,PA19103     		N/A PUBLIC CHARITY PLEDGE LEGACY LANDSCAPES 6,250
    PENNSYLVANIA SPCA
    350 EAST ERIE AVENUE
    PHILADELPHIA,PA19134     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    PHILADELPHIA MUSEUM OF ART PHILADELPHIA PA
    PO BOX 7646
    PHILADELPHIA,PA19101     		N/A PUBLIC CHARITY PLEDGE 38,264
    PHILADELPHIA MUSEUM OF ART PHILADELPHIA PA
    PO BOX 7646
    PHILADELPHIA,PA19101     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 8,411
    PHILADELPHIA MUSEUM OF ART PHILADELPHIA PA
    PO BOX 7646
    PHILADELPHIA,PA19101     		N/A PUBLIC CHARITY CAPITAL CAMPAIGN AND EDUCATION 12,206
    PHILADELPHIA ORCHESTRA PHILADELPHIA PA
    260 S BROAD ST STE 1600
    PHILADELPHIA,PA19102     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION AND ANNUAL FUND 5,081
    PHILADELPHIA RONALD MCDONALD HOUSE
    3925 CHESTNUT STREET
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,000
    PHILADELPHIA ZOO PHILADELPHIA PA
    3400 WEST GIRARD STREET
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 6,581
    PHILADELPHIA ZOOLOGICAL SOCIETY
    3400 WEST GIRARD STREET
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,040
    QUEBEC LABRADOR FOUNDATION INC - IPSWICH MA
    55 MAIN STREET
    IPSWICH,ME01938     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 3,293
    ROANOKE COLLEGE SALEM VA
    221 COLLEGE LANE
    SALEM,VA24153     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 2,647
    RUGGLES HOUSE SOCIETY COLUMBIA FALLS ME
    146 MAIN STREET
    COLUMBIA FALLS,ME04623     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    SOMESVILLE LANDING CORP MT DESERT ME
    PO BOX 324
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 5,000
    SOMESVILLE VILLAGE IMPROVEMENT SOCIETY SOMESVILLE ME
    P O BOX 240
    MOUNT DESERT,ME04660     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    ST DAVID'S CHURCH WAYNE PA
    763 S VALLEY FORGE ROAD
    WAYNE,PA19087     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 60,733
    ST GEORGE'S SCHOOL NEWPORT RI
    PO BOX 1910
    NEWPORT,RI02842     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    ST MALACHY SCHOOL PHILADELPHIA PA
    1429 N 11TH STREET
    PHILADELPHIA,PA19122     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 300
    ST SAVIOUR'S EPISCOPAL CHURCH
    41 MT DESERT ST
    BAR HARBOUR,ME04609     		N/A CHURCH GENERAL USE OF THE ORGANIZATION 4,081
    STROUD WATER RESEARCH CENTER AVONDALE PA
    970 SPENCER ROAD
    AVONDALE,PA19311     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    STUDIO INCAMMINATI
    340 N 12TH STREET
    PHILADELPHIA,PA19107     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 1,500
    SUE LUCAS WILLISTON BLUEBIRD TRAIL- AUDUBON PA
    1201 PAWLINGS RD
    AUDUBON,PA19403     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    SUMMER SEARCH NATIONAL SAN FRANCISCO CA
    500 SANSOME ST STE 350
    SAN FRANCISCO,CA94111     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 27,867
    SUMMER SEARCH PHILADELPHIA
    1616 WALNUT ST STE 2200
    PHILADELPHIA,PA19103     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 10,757
    TRINITY COLLEGE HARTFORD CT
    300 SUMMIT STREET
    HARTFORD,CT06106     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 5,000
    US OLYMPIC & PARALYMPIC SAILING TEAMS PORTSMOUTH RI
    PO BOX 1260
    PORTSMOUTH,RI02871     		N/A PUBLIC CHARITY U.S. OLYMPIC SAILING TEAM MEDALIST DONOR PROGRAM 8,000
    UNITED WAY OF SE PENNSYLVANIA - TOCQUEVILLE SOCIETY
    1709 BENJAMIN FRANKLIN WAY
    PHILADELPHIA,PA19102     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 24,969
    UNIVERSITY OF PENNSYLVANIA PHILADELPHIA PA
    418 CURIE BLVD
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY SCHOOL OF NURSING 9,081
    VISITING NURSE ASSOCIATION - OF GREATER PHILADELPHIA
    3300 HENRY AVENUE
    PHILADELPHIA,PA19129     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 4,540
    WALTERBORO COMPOSITE SQUADRON
    537 AVIATION WAY
    WALTERBORO,SC294883306     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    WENDELL GILLEY MUSEUM ENDOWMENT SOUTHWEST HARBOR ME
    4 KERRICK ROAD
    SOUTHWEST HARBOR,ME04679     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 250
    WESTSIDE FOOD PANTRY PA
    324 SEAWALL ROAD
    SOUTHWEST HARBOR,ME04679     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    WHITE-WILLIAMS SCHOLARS PHILADELPHIA PA
    215 S BROAD ST 10TH FLOOR
    PHILADELPHIA,PA19107     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 200
    WHYY PUBLIC TELEVISION PHILADELPHIA PA
    150 N SIXTH STREET
    PHILADELPHIA,PA19106     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 823
    WILLISTOWN CONSERVATION TRUST NEWTOWN SQUARE PA
    925 PROVIDENCE ROAD
    NEWTON SQUARE,PA19073     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 98,110
    WILLISTOWN TOWNSHIP POLICE ASSOCIATION MALVERN PA
    688 SUGARTOWN ROAD
    MALVEN,PA19355     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 7,500
    WOMEN'S WAY PHILADELPHIA PA
    123 BROAD STREET
    PHILADELPHIA,PA19109     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    WRTI-TEMPLE UNIVERSITY
    1509 CECIL B MOORE AVENUE
    PHILADELPHIA,PA19121     		N/A PUBLIC CHARITY GENERAL USE OF THE ORGANIZATION 500
    Total .................................bullet 3a 1,094,982
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 12  
    4 Dividends and interest from securities....     14 100,821  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 43  
    8Gain or (loss) from sales of assets other than inventory     18 151,278  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCLASS ACTION PROCEEDS     14 36  
    b2011 EXCISE TAX REFUND     14    
    c2011 FORM 990-T REFUND     14    
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 252,190 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13252,190
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AllOthProgRltdInvestmentsSch
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Category Amount
    N/A 0

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 981,881 2,394,123

    TY 2012 InvestmentsOtherSchedule2
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED AT COST 370,815 370,655
    MUTUAL FUNDS - EQUITY AT COST 362,938 565,094
    LIMITED PARTNERSHIPS AT COST 609,637 1,310,817

    TY 2012 OtherDecreasesSchedule
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Description Amount
    ADJUSTMENT TO CARRYING VALUE TO BALANCE 399


    TY 2012 OtherExpensesSchedule
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAP MANAGER FEES 1,945 1,945   0
    INVESTMENT INTEREST EXPENSE 0 23,734   0


    TY 2012 OtherIncomeSchedule2
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INVESTMENT INCOME FROM PARTNERSHIPS   -278  
    LAZARD PARTNERSHIP DISTRIBUTIONS 43 0 43
    CLASS ACTION PROCEEDS 36   36


    TY 2012 OtherIncreasesSchedule
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Description Amount
    ADJUSTMENT TO BRING CARRYING VALUE OF DELIVERED ASSETS UP TO MARKET VALUE 671,948


    TY 2012 TaxesSchedule
    Name:
    ETHEL D COLKET FOUNDATION
    C/O PNC BANK NA CO-TTEE
    EIN: 23-6292917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID IN TRUST 4 4   0
    2012 FORM 990-T BALANCE DUE 1,063 0   0
    FEDERAL EXCISE TAX 2012 BAL. DUE 952 0   0
    FEDERAL EXCISE TAX 2012 ESTIMATES 2,460 0   0
    FOREIGN TAXES PAID IN PARTNERSHIPS 0 1,291   0