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
BERNARD AND MARY ANN POWELL
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)12102 CREOLE COURT   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PARRISH, FL34219
A Employer identification number

59-3575091
B Telephone number (see instructions)

(727) 488-9089
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$0J 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 273,095 271,040  
4 Dividends and interest from securities...... 49,081 48,103  
5a Gross rents.............. 27,100 27,100  
b Net rental income or (loss) -7,413
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 114,084
b Gross sales price for all assets on line 6a 1,358,464
7 Capital gain net income (from Part IV, line 2)... 3,354
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 3,216 3,216  
12 Total. Add lines 1 through 11........ 466,576 352,813  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 44,000     44,000
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)        
19 Depreciation (attach schedule) and depletion... Click to see attachment 15,950 15,950  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 34,913 18,563   16,350
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,863 34,513   60,350
25 Contributions, gifts, grants paid........ 209,000 209,000
26 Total expenses and disbursements. Add lines 24 and 25 303,863 34,513   269,350
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 162,713
b Net investment income (if negative, enter -0-) 318,300
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............... 311,282 89,837  
2 Savings and temporary cash investments..........      
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)........ 4,590,054 Click to see attachment4,796,073  
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)........... 200,000 Click to see attachment200,000  
14 Land, buildings, and equipment: basis bullet264,661
Less: accumulated depreciation (attach schedule) bullet52,583 228,028 Click to see attachment212,078  
15 Other assets (describe bullet) Click to see attachment3,336    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,332,700 5,297,988 0
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)   Click to see attachment3,057
23 Total liabilities (add lines 17 through 22)..........   3,057
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 5,332,700 5,294,931
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).................... 5,332,700 5,294,931
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,332,700 5,297,988
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 5,332,700
2 Enter amount from Part I, line 27a..................... 2 162,713
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 35,593
4 Add lines 1, 2, and 3.......................... 4 5,531,006
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 236,075
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,294,931
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 3,354
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 262,095 5,072,750 0.051667
2011 243,752 4,284,750 0.056888
2010 280,205 4,678,146 0.059897
2009 239,003 4,227,174 0.056540
2008 260,000 4,320,808 0.060174
2 Total of line 1, column (d) ...................... 2 0.285166
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 0.057033
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 5,171,250
5 Multiply line 4 by line 3....................... 5 294,932
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,183
7 Add lines 5 and 6......................... 7 298,115
8 Enter qualifying distributions from Part XII, line 4.............. 8 269,350
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 6,366
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  
3 Add lines 1 and 2............................ 3 6,366
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,366
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 3,342
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 3,342
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 33
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,057
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 ofbulletM DENNIS MODRAK CPA Telephone no.bullet (941) 504-4510
    Located atbulletPO BOX 20488SARASOTAFL ZIP+4bullet34276
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
     
    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
    ELIZABETH ARCHANGELIClick to see attachment DIRECTOR
    10.00     		15,000 0 0
    275 MARSETT RD
    SHELBURNE,VT05482
    MATTHEW ARCHANGELIClick to see attachment DIRECTOR
    10.00     		23,000 0 0
    12102 CREOLE CT
    PARRISH,FL34219
    KATHLEEN STRONGClick to see attachment DIRECTOR
    5.00     		6,000 0 0
    101 PONCE DE LEON BLVD
    BELLAIRE,FL33756
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    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
    258,563
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    6,366
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,366
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    252,197
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    252,197
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    252,197
    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 7 252,197
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011....... 36,180
    e From 2012....... 12,912
    fTotal of lines 3a through e......... 49,092
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 269,350
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 252,197
    e Remaining amount distributed out of corpus 17,153
    5 Excess distributions carryover applied to 2013.    
    (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 66,245
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		66,245
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011.... 36,180
    d Excess from 2012.... 12,912
    e Excess from 2013.... 17,153
    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
    AMERICAN CANCER SOCIETY
    4801 86TH AVENUE NORTH
    PINELLAS PARK,FL33782     		NONE 501(C)(3) UNRESTRICTED CHARITABLE CONTRIBUTION 6,000
    BOYSVILLE OF MICHIGAN IN
    8759 CLINTON-MACON ROAD
    CLINTON,MI49236     		NONE 501(C)(3) UNRESTRICTED CHARITABLE CONTRIBUTION 5,000
    HOMELESS EMERGENCY PROJECT
    1120 N BETTY LAND
    CLEARWATER,FL33755     		NONE 501C3 UNRESTRICTED CHARITALBE CONTRIBUTION 5,000
    HOSPICE FOUNDATION
    300 E BAY DRIVE
    LARGO,FL33770     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 7,000
    CHI CHI RODRIGUES
    3030 N MCMULLEN BOOTH ROA
    CLEARWATER,FL33761     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 5,000
    THE HAVEN OF RCS
    1855 S HIGHLAND AVE
    CLEARWATER,FL33756     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 4,000
    THE SALVATION ARMY
    PO BOX 8070
    CLEARWATER,FL33758     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTION 12,000
    UPARC
    1501 N BELCHER ROAD
    CLEARWATER,FL33765     		NONE 501C3 UNRESTRICTED CHARITABLE CONTRIBUTIO 6,000
    ISAIAH'S INN
    1197 GROVE ST
    CLEARWATER,FL33755     		NONE 501C3 UNRESTRICTED 5,000
    UNIVERSITY OF DETROIT MERCEY
    4001 WEST MCNICHOLS ROAD
    DETROIT,MI48219     		NONE 501C3 UNRESTRICTED 16,000
    COAST GUARD FOUNDATION
    1201 5TH AVE N
    ST PETERSBURG,FL33756     		NONE 501C3 UCC 4,000
    ST VINCENT DEPAUL
    9111 90TH AVENUE N
    LARGO,FL33777     		NONE 501C3 UCC 10,000
    WEDU
    1300 NORTH STREET
    TAMPA,FL33360     		NONE 501C3 UCC 6,000
    COVENANT HOUSE
    733 BREAKERS AVE
    FORT LAUDERDALE,FL33304     		NONE 501C3 UCC 5,000
    ECKERD FAMILY YOUTH ALTERNATIVES
    100 N STARCREST DRIVE
    CLEARWATER,FL33758     		NONE 501C3 UCC 5,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVE
    MONTGOMERY,AL36117     		NONE 501C3 UCC 15,000
    VERMONT PUBLIC RADIO
    365 TROY AVE
    COLCHESTER,VT05446     		NONE   UCC 2,000
    MIGRANT JUSTICE
    294 N WINOOSKI AVE 130
    BURLINGTON,VT05401     		NONE   UCC 15,000
    AALV
    20 ALLEN ST
    BURLINGTON,VT05401     		NONE   UCC 16,500
    MORTON PLANT
    13670 WALSINGHAM RD
    LARGO,FL33716     		    UCC 12,500
    A LITTLE SCHOOL HOUSE
    1600 CHARTWELL DR
    TRAVERSE CITY,MI49696     		    UCC 1,000
    COASTAL BEHAVIORAL
    1750 17TH ST
    SARASOTA,FL34234     		    UCC 5,000
    WMNF
    1210 E MLK BVLD
    TAMPA,FL33602     		    UCC 1,000
    FORGETMENOT INC
    712 132ND ST CIR NE
    BRADENTON,FL34212     		    UCC 3,000
    NATES HONOR ANIMALS
    8437 COOPER CREEK BLVD
    BRADENTON,FL34201     		    UCC 3,000
    NEIGHBORLY CARE
    2253 119TH ST
    LARGO,FL33778     		    UCC 4,000
    LAKE CHAMPLAIN
    40 GREGG ROAD
    PUTNEY,VT05346     		    UCC 25,000
    HEARTS WITHOUT BOUNDARIES
    40 GREGG ROAK
    PUTNEY,VT05346     		    UCC 3,000
    MISCELLANEOUS CHARITIES
    12102 CREOLE CT
    PARRISH,FL34219     		    UCC 2,000
    Total .................................bullet 3a 209,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		        273,095
    4 Dividends and interest from securities....         49,081
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         -7,413
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....         3,216
    8
    Gain or (loss) from sales of assets other than inventory .............     		        114,084
    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)..     432,063
    13Total. Add line 12, columns (b), (d), and (e)..................
    13432,063
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 CompensationExplanation
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Person Name Explanation
    ELIZABETH ARCHANGELI  
    MATTHEW ARCHANGELI  
    KATHLEEN STRONG  

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    TY 2013 DepreciationSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CONDO-HARBOR SPRINGS, MI 2007-04-01 104,024 21,635 S/L 27.5000 3,783 3,783    
    FURNITURE 2012-05-04 9,728 1,946 200DB 5.0000 3,113 3,113    
    WALL FURNISHINGS 2012-05-09 1,203 241 200DB 5.0000 385 385    
    FLOORING 2012-05-25 7,000 4,200 200DB 5.0000 1,120 1,120    
    BUILDING 2012-02-14 114,850 3,654 S/L 27.5000 4,177 4,177    
    FURNITURE 2012-02-29 5,905 1,181 200DB 5.0000 1,890 1,890    
    WINDOWS 2012-03-14 1,746 1,048 200DB 5.0000 279 279    
    A/C 2012-03-14 3,790 2,274 200DB 5.0000 606 606    
    ROOF 2012-03-23 10,142 292 S/L 27.5000 369 369    
    FLOORING AND IMPROVEMENTS 2012-04-12 6,273 162 S/L 27.5000 228 228    

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    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AEGON NV 6.375% PERP CAPITAL 2009-07 PURCHASE 2013-01   2,584 1,581     1,003  
    AEGON NV 6.375% PERP CAPITAL 2009-07 PURCHASE 2013-01   32,301 19,832     12,469  
    AKRON OHIO ECONOMIC DEV 2009-08 PURCHASE 2013-10   30,327 24,029     6,298  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-01   349 369     -20  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-02   118 215     -97  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-03   467 385     82  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-04   135 187     -52  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-05   223 181     42  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-06   229 188     41  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-07   159 188     -29  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-08   388 309     79  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-09   171 143     28  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-10   221 203     18  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-11   155 148     7  
    ALTERNATIVE LOAN TRUST 2007-19 2010-03 PURCHASE 2013-12   149 116     33  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-01   307 309     -2  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-02   276 339     -63  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-03   132 233     -101  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-04   373 442     -69  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-05   179 266     -87  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-06   191 247     -56  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-07   236 285     -49  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-08   223 280     -57  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-09   458 428     30  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-10   332 360     -28  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-11   122 156     -34  
    ALTERNATIVE LOAN TRUST 2005-57 2012-09 PURCHASE 2013-12   172 175     -3  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-01   151 266     -115  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-02   249 398     -149  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-03   447 458     -11  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-04   206 184     22  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-05   199 146     53  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-06   313 381     -68  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-07   237 217     20  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-08   409 320     89  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-09   323 324     -1  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-10   319 298     21  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-11   117 178     -61  
    ALTERNATIVE LOAN TRUST 2007-25 2012-08 PURCHASE 2013-12   372 303     69  
    ALTERNATIVE LOAN TRUST 2007-26R 2009-10 PURCHASE 2013-01   45 33     12  
    ALTERNATIVE LOAN TRUST 2007-26R 2009-10 PURCHASE 2013-02   221 164     57  
    ALTERNATIVE LOAN TRUST 2007-26R 2009-10 PURCHASE 2013-04   2 1     1  
    ALTERNATIVE LOAN TRUST 2007-26R 2009-10 PURCHASE 2013-09   111 82     29  
    AMERICAN EXPRESS CENTURION BK 2012-09 PURCHASE 2013-04   20,000 20,006     -6  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-01   134 134        
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-02   129 194     -65  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-03   52 56     -4  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-04   130 147     -17  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-05   91 91        
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-06   338 337     1  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-07   150 170     -20  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-08   274 351     -77  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-09   60 102     -42  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-10   34 92     -58  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-11   260 236     24  
    BANK OF AMERICA MTG SEC TRUST 2007-2 2010-11 PURCHASE 2013-12   235 299     -64  
    CHESAPEAK ENERGY CORP 2012-01 PURCHASE 2013-05   27,369 25,006     2,363  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-02   827 669     158  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-03   950 769     181  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-04   324 263     61  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-05   654 595     59  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-06   205 151     54  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-07   269 231     38  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-08   606 528     78  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-09   340 285     55  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-10   269 260     9  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-11   305 249     56  
    CHL MORTGAGE PASS-THROUGH 2005-20 2009-07 PURCHASE 2013-12   200 162     38  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-01   602 494     108  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-02   100 66     34  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-03   280 246     34  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-04   330 271     59  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-05   345 283     62  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-06   310 254     56  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-07   258 212     46  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-08   251 206     45  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-09   942 772     170  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-10   657 539     118  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-11   344 282     62  
    CITIMORTGAGE ALTERNATIVE LOAN TRUST 2009-12 PURCHASE 2013-12   394 323     71  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-01   293 287     6  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-02   131 174     -43  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-03   77 121     -44  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-04   304 311     -7  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-05   269 284     -15  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-06   266 256     10  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-07   268 263     5  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-08   677 716     -39  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-09   116 104     12  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-10   448 424     24  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-11   177 200     -23  
    COUNTRYWIDE ALT LOAN TRUST 2005-73CB 2011-11 PURCHASE 2013-12   334 371     -37  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-01   154 154        
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-02   337 417     -80  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-03   283 282     1  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-04   284 299     -15  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-05   117 182     -65  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-06   318 258     60  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-07   243 273     -30  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-08   507 429     78  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-09   194 197     -3  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-10   423 384     39  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-11   157 154     3  
    COUNTRYWIDE ALT LOAN TRUST 2005-J14 2012-03 PURCHASE 2013-12   56 53     3  
    COUNTRYWIDE FINL CORP MEDIUM TERM NT 2008-05 PURCHASE 2013-11   24,744 15,938     8,806  
    COUNTRYWIDE FINL CORP MEDIUM TERM NT 2008-05 PURCHASE 2013-11   73,682 47,813     25,869  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-01   771 2,126     -1,355  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-02   582 1,045     -463  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-03   480 888     -408  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-04   683 1,069     -386  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-05   443 657     -214  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-06   774 1,512     -738  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-07   737 1,058     -321  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-08   673 1,073     -400  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-09   469 763     -294  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-10   506 607     -101  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-11   466 1,346     -880  
    CWALT INC SERIES 2005-46CB CL A-15 2011-02 PURCHASE 2013-12   327 321     6  
    DETROIT MICH G/O GENERAL PURPOSE 2010-10 PURCHASE 2013-07   39,594 40,076     -482  
    DISCOVER VK GREEN WOOD DEL 2013-01 PURCHASE 2013-04   100,000 100,006     -6  
    FIRSTENERGY CORP 2012-01 PURCHASE 2013-12   15,158 20,098     -4,940  
    GE CAP RETAIL BK DRAPER UTAH C 2013-01 PURCHASE 2013-04   100,000 100,006     -6  
    GENERAL ELECTRIC CAPITAL CORP INTERN 2003-05 PURCHASE 2013-02   50,000 50,000        
    GENERAL MOTORS ACCEPTANCE CORP 2003-05 PURCHASE 2013-08   39,000 39,000        
    GENERAL MOTORS ACCEPTANCE CORP 2007-02 PURCHASE 2013-09   25,000 24,998     2  
    GENWORTH FINL INC SENIOR NOTES 2009-12 PURCHASE 2013-01   33,519 27,741     5,778  
    GENWORTH FINL INC SR NT 2011-09 PURCHASE 2013-01   40,624 31,303     9,321  
    GOOD YEAR TIRE & RUBER CO 2010-04 PURCHASE 2013-12   28,807 25,329     3,478  
    HARRIS CNTY-HOUSTON TX SPROTS P/C 2009-10 PURCHASE 2013-11   10,000 10,191     -191  
    HOLLYWOOD FLA WTR & SWR REV 2010-01 PURCHASE 2013-06   44,794 41,084     3,710  
    JEFFERIES GROUP INC NEW SR NT 2011-11 PURCHASE 2013-10   24,088 22,191     1,897  
    JEFFERIES GROUP INC NEW SR NT 2010-03 PURCHASE 2013-04   27,807 23,406     4,401  
    JERSEY CITY N J GEN IMPT BDS 2010-11 PURCHASE 2013-06   34,319 31,279     3,040  
    LOS ANGELES CALIF CMNTY REDEV 2009-11 PURCHASE 2013-02   59,494 49,695     9,799  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-01   223 215     8  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-02   316 324     -8  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-03   453 550     -97  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-04   230 329     -99  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-05   190 650     -460  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-06   620 793     -173  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-07   349 315     34  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-08   425 621     -196  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-09   291 358     -67  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-10   370 556     -186  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-11   299 217     82  
    MASTR ALTERNATIVE LOAN TRUST 2005-6 2011-01 PURCHASE 2013-12   130 123     7  
    MORGAN STANLEY CAP TRUST VII 2006-10 PURCHASE 2013-12   28,415 28,750     -335  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-01   6 4     2  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-02   98 64     34  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-03   7 5     2  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-04   98 64     34  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-06   7 5     2  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-07   22 15     7  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-09   34 23     11  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-10   144 94     50  
    MORGAN STANLEY MORTGAGE LOAN TRUST 2010-12 PURCHASE 2013-12   341 223     118  
    MUNICIPAL ELEC AUTH OF GEORGIA PLANT 2010-09 PURCHASE 2013-03   27,650 24,981     2,669  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-01   242 180     62  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-02   86 64     22  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-03   126 94     32  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-04   132 98     34  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-05   107 79     28  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-06   60 45     15  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-07   209 156     53  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-08   328 245     83  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-09   71 53     18  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-10   63 47     16  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-11   87 65     22  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-12 PURCHASE 2013-12   298 222     76  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-01   277 208     69  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-02   98 74     24  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-03   145 108     37  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-04   151 114     37  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-05   122 92     30  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-06   68 51     17  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-07   240 180     60  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-08   376 282     94  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-09   82 61     21  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-10   73 54     19  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-11   100 75     25  
    NOMURA ASSET ACCEP CORP 2006-AP1 2011-03 PURCHASE 2013-12   342 256     86  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-01   236 160     76  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-02   84 57     27  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-03   123 84     39  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-04   129 88     41  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-05   104 71     33  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-06   58 40     18  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-07   204 139     65  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-08   320 218     102  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-09   70 47     23  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-10   62 42     20  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-11   85 58     27  
    NOMURA ASSET ACCEP CORP 2006-AP1 2010-04 PURCHASE 2013-12   291 198     93  
    PHH CORP INTERNOTES 2011-09 PURCHASE 2013-10   25,000 24,975     25  
    PURDENTIAL FINL INC INTERNOTES 2004-04 PURCHASE 2013-04   37,000 37,000        
    R R DONNELLEY & SONS CO 2011-12 PURCHASE 2013-03   28,438 25,506     2,932  
    ROYAL CARIBBEAN CRUISES LTD SR NOTE 2011-12 PURCHASE 2013-02   27,994 25,090     2,904  
    ROYAL DUTCH SHELL PLC 2011-08 PURCHASE 2013-03   19,981 20,968     -987  
    RR DONNELLEY & SONS CO 2012-03 PURCHASE 2013-11   34,044 30,614     3,430  
    SPRINT NEXTEL CORP 2012-03 PURCHASE 2013-01   34,719 30,136     4,583  
    SUPERVALUE INC 2011-02 PURCHASE 2013-05   27,619 25,006     2,613  
    TELEFONICA EMISIONES S A U 2012-07 PURCHASE 2013-01   27,557 24,662     2,895  
    US STEEL CORP SR NT 2009-09 PURCHASE 2013-03   35,304 33,006     2,298  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-01   265 214     51  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-02   178 144     34  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-03   302 244     58  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-04   385 312     73  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-05   342 277     65  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-06   363 293     70  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-07   281 228     53  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-08   400 323     77  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-09   484 323     161  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-10   306 391     -85  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-11   198 248     -50  
    WELLS FARGO MORTGAGE BACKED SEC 2009-11 PURCHASE 2013-12   270 160     110  
    WESTERN UN CO NT 2012-12 PURCHASE 2013-10   24,494 24,963     -469  
    WILLIAMS PARTNERS L P COM UNIT LTD 2012-08 PURCHASE 2013-03   19,546 20,517     -971  
    WINDSTREAM CORP SR NT 2011-01 PURCHASE 2013-09   25,583 25,506     77  

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 146,934  
    RBC - OTHER ASSETS 42,888  
    RBC - MIXED ASSETS 48,800  
    RBC - TAX-EXEMPT FIXED INCOME 26,107  
    RBC - TAXABLE FIXED INCOME 4,065,487  
    RBC - INTERNATIONAL EQUITIES 64,233  
    RBC - US EQUITIES 401,624  

    TY 2013 InvestmentsOtherSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT-LIFE INSURANCE   200,000  

    TY 2013 LandEtcSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      264,661 52,583 212,078  


    TY 2013 OtherAssetsSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID INCOME TAXES 3,336    


    TY 2013 OtherDecreasesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Amount
    RBC - UNREALIZED LOSS 225,209
    NONDEDUCTIBLE FED TAX PAID 10,866


    TY 2013 OtherExpensesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RESIDENTIAL RENTAL-HARBOR S        
    ASSOCIATION DUES 5,838 5,838    
    INSURANCE 116 116    
    UTILITIES 1,922 1,922    
    REPAIRS & MAINTENANCE 3,884 3,884    
    RESIDENTIAL-BELLEAIR BLUFFS        
    INSURANCE 1,421 1,421    
    REPAIRS & MAINTENANCE 2,138 2,138    
    TAX EXPENSE 3,244 3,244    
    EXPENSES        
    ADVISER FEE 1,411     1,411
    OPERATING EXPENSES:PROFESSION 6,975     6,975
    OPERATING EXPENSES:BANK CHARG 89     89
    OPERATING EXPENSES:MISCELLANE 151     151
    OPERATING EXPENSES:UTILITIES 847     847
    OPERATING EXPENSES:POSTAGE 64     64
    OPERATING EXPENSES:MISCELLANE 6,588     6,588
    TAX EXPENSE 26     26
    FOREIGN TAX PAID 199     199


    TY 2013 OtherIncomeSchedule2
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 3,216 3,216  


    TY 2013 OtherIncreasesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Amount
    SCHWAB - UNREALIZED GAIN 35,593


    TY 2013 OtherLiabilitiesSchedule
    Name:
    BERNARD AND MARY ANN POWELL
    FOUNDATION INC
    EIN: 59-3575091
    Description Beginning of Year - Book Value End of Year - Book Value
    FED TAX PAYABLE   3,057