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 07-01-2013 , and ending 06-30-2014
Name of foundation
RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
 

Number and street (or P.O. box number if mail is not delivered to street address)1501 FOURTH AVE SUITE 2880   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981011631
A Employer identification number

91-6060790
B Telephone number (see instructions)

(206) 324-3155
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,271,579J 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) 1,903
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 39,272 39,272 39,272
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 82,801
b Gross sales price for all assets on line 6a 555,569
7 Capital gain net income (from Part IV, line 2)... 82,801
8 Net short-term capital gain......... 32,803
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 4,141 0 4,141
12 Total. Add lines 1 through 11........ 128,117 122,073 76,216
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000 0 0 5,000
14 Other employee salaries and wages...... 3,000 0 0 3,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,000 0 0 5,000
c Other professional fees (attach schedule).... Click to see attachment 11,990 11,990 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 23 0 23 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 217 0 361
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,518 0 0 8,518
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,387 0 0 5,387
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,135 11,990 384 26,905
25 Contributions, gifts, grants paid........ 20,510 20,510
26 Total expenses and disbursements. Add lines 24 and 25 59,645 11,990 384 47,415
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 68,472
b Net investment income (if negative, enter -0-) 110,083
c Adjusted net income (if negative, enter -0-)... 75,832
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............... 6,602 2,293 2,293
2 Savings and temporary cash investments.......... 24,222 159,671 159,671
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)........ 637,194 Click to see attachment547,319 678,379
c Investments—corporate bonds (attach schedule)........ 377,377 Click to see attachment415,259 430,154
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 11,757    
14 Land, buildings, and equipment: basis bullet1,299
Less: accumulated depreciation (attach schedule) bullet217 0 Click to see attachment1,082 1,082
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,057,152 1,125,624 1,271,579
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......... 1,226,187 1,226,187
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -169,035 -100,563
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,057,152 1,125,624
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,057,152 1,125,624
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,057,152
2 Enter amount from Part I, line 27a..................... 2 68,472
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,125,624
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,125,624
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 250SHS MICROSOFT CORP P 2008-02-01 2013-07-23
b 630SHS MICROSOFT CORP P 2005-04-01 2013-07-23
c 120SHS MICROSOFT CORP P 2003-11-13 2013-07-23
d 40.3372SHS PACCAR INC P 2012-01-05 2013-07-24
e 336SHS TESORO CORP P 2012-09-10 2013-08-23
170SHS CABELA'S INC P 2013-01-16 2013-09-05
1640SHS ISHARES MSCI SINGAPORE P 2013-04-19 2013-09-10
83SHS BOEING CO P 2011-04-28 2013-09-30
154SHS WISDOMTREE EMERGING P 2011-08-23 2013-09-05
16SHS WISDOMTREE EMERGING P 2011-07-23 2013-09-05
315SHS F5 NETWORKS INC P 2013-04-05 2013-10-09
86SHS AETNA INC P 2011-02-28 2013-10-21
200SHS BOEING CO P 2011-04-28 2013-10-24
196SHS KRAFT FOODS GROUP P 2011-08-05 2013-10-31
100SHS PLAINS ALL AMERICAN PIPELINE LP   2011-12-05 2013-10-30
300SHS PLAINS ALL AMERICAN PIPELINE LP   2011-12-05 2013-10-30
45SHS UNITEDHEALTH GROUP INC P 2010-05-17 2013-10-21
589SHS TRINTY INDUSTRIES INC P 2013-05-29 2013-11-18
.85064SHS BLACKROCK CORP P 2010-05-27 2013-11-19
1250SHS MORGAN STANLEY EMERGING MARKETS P 2010-12-30 2013-11-27
590SHS MONDELEZ INTL INC P 2011-08-05 2013-11-11
700SHS SPDR S&P REGNL BNKG P 2013-06-20 2013-12-16
385.00SHS ISHARES MSCI SOUTH KOREA P 2012-09-07 2014-01-08
1250SHS POWERSHARES DWA P 2012-07-05 2014-01-27
940SHS POWERSHAES DWA P 2012-12-27 2014-01-27
25SHS ALCAN INC P 2008-06-05 2014-01-15
887SHS ISHARES MSCI FRANCE P 2014-01-08 2014-03-26
100SHS LAZARD LTD P 2013-05-09 2014-03-25
200SHS LAZARD LTD P 2013-05-09 2014-03-25
107SHS LAZARD LTD P 2013-05-09 2014-03-25
384SHS COACH INC P 2012-10-23 2014-03-04
648SHS ABBOTT LABORATORIES P 2013-10-21 2014-04-29
645SHS SPDR EURO P 2013-08-07 2014-04-15
364SHS AT&T INC P 2007-11-09 2014-05-23
91SHS AT&T INC P 2008-10-27 2014-05-23
278SHS CVS CAREMARK CORP P 2011-04-11 2014-06-03
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 7,976   7,615 361
b 20,099   15,221 4,878
c 3,828   3,068 760
d 28,617   20,612 8,005
e 16,436   13,469 2,967
10,790   8,457 2,333
21,269   22,862 -1,593
9,742   6,418 3,324
6,978   8,241 -1,263
725   856 -131
27,827   22,908 4,919
5,436   3,216 2,220
25,785   15,465 10,320
10,623   7,205 3,418
5,097   3,802 1,295
15,288   11,406 3,882
3,069   1,367 1,702
32,745   24,118 8,627
10   9 1
16,776   19,935 -3,159
19,071   13,373 5,698
27,778   22,953 4,825
23,328   22,222 1,106
20,856   21,187 -331
15,684   17,174 -1,490
25,000   24,632 368
25,770   24,623 1,147
4,565   3,385 1,180
9,126   6,769 2,357
4,886   3,622 1,264
18,648   22,343 -3,695
25,072   23,877 1,195
27,195   23,613 3,582
12,831   14,440 -1,609
3,208   2,284 924
21,668   10,021 11,647
1,767     1,767
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       361
b       4,878
c       760
d       8,005
e       2,967
      2,333
      -1,593
      3,324
      -1,263
      -131
      4,919
      2,220
      10,320
      3,418
      1,295
      3,882
      1,702
      8,627
      1
      -3,159
      5,698
      4,825
      1,106
      -331
      -1,490
      368
      1,147
      1,180
      2,357
      1,264
      -3,695
      1,195
      3,582
      -1,609
      924
      11,647
      1,767
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 82,801
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 32,803
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      
2011      
2010      
2009      
2008      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
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: 1987-05-12(attach copy of letter if necessary–see instructions)
b 1 N/A
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  
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 0
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a  
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 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
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$ 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)
    bulletWA
    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
    Yes
     
    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 addressbulletHTTP://WWW.DELTAKAPPAGAMMA.ORG/WA/RACHEL.HTML
    14
    The books are in care ofbulletCAROL LINSCOTT Telephone no.bullet (206) 324-3155
    Located atbullet2508 19TH SSEATTLEWA ZIP+4bullet98144
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........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
    EVA MEHAFFEY COORDINATOR
    4.00     		0 0 0
    18922 48TH AVE W
    LYNNWOOD,WA98036
    PAULETTE WAGGONER TREASURER
    10.00     		1,250 0 0
    PO BOX 183
    KINGSTON,WA983460183
    LYDIA ELSOM TRUSTEE
    4.00     		0 0 0
    47 WEST 40TH AVE
    SPOKANE,WA99203
    MARJ PATTEN STATE PRESIDENT
    4.00     		0 0 0
    7305 138TH ST CT E
    PUYALLUP,WA98373
    JOANNE VINING STATE TREASURER
    4.00     		0 0 0
    221 LINDSEY LN
    GRANDVIEW,WA98930
    JANE GERDON STATE SCHOLARSHIP CHAIR
    4.00     		0 0 0
    1814 FLORENCE AVE
    LONGVIEW,WA98632
    ANNAMARIE LAVIERI SECRETARIAL ASST
    4.00     		3,000 0 0
    PO BOX 183
    KINGSTON,WA98345
    DR KATE GRIESHABER TRUSTEE
    4.00     		0 0 0
    455 SW 183RD ST
    NORMANDY PARK,WA98166
    PAULA NICHOLS CHAIRMAN
    4.00     		0 0 0
    2042 GEMSTONE
    WALLA WALLA,WA99362
    DR SONJA MCDANIEL TRUSTEE
    4.00     		0 0 0
    929 GENDING AVE
    SUNNYSIDE,WA98944
    DR CLAIRE SMITH TRUSTEE
    4.00     		0 0 0
    4002 NE 140TH AVE
    VANCOUVER,WA98682
    CAROL LINSCOTT TREASURER
    10.00     		3,750 0 0
    2508 19TH AVE S
    SEATTLE,WA98144
    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 THE SCHOLARSHIP IS OPEN TO WOMEN EDUCATORS WORKING ON POST BACCALAUREATE STUDIES IN THE FIELD OF EDUCATION AT A NATIONALLY OR REGIONALLY ACCREDITED COLLEGE OR UNIVERSITY, WHO ARE BONA FIDE RESIDENTS OF WASHINGTON STATE. SUCCESSFUL APPLICANTS WILL SHOW EVIDENCE OF SCHOLARSHIP, PROFESSIONAL SERVICE, POTENTIAL FOR FUTURE SERVICE IN EDUCATION AND PROMISE OF DISTINCTION. 33,304
    2 IN ORDER TO ACHIEVE ITS CORPORATE PURPOSE, THE FOUNDATION OPERATES A SCHOLARSHIP PROGRAM. AS ANOTHER ELEMENT OF ADVANCING ITS CORPORATE PURPOSE, THE FOUNDATION ALSO OPERATES CERTAIN PROGRAMS WHICH ARE NATURAL CONCOMITANTS OF THE GRANTING OF SCHOLARSHIPS. THESE PROGRAMS ARE IN THE RESOURCE COLLECTION AND THE SEMINAR PROGRAM. THESE PROGRAMS ARE NECESSARY OR CONVENIENT TO EFFECT THE BASIC PURPOSE OF THE FOUNDATION, AND SERVE MANY SUPPORTIVE FUNCTIONS. 3,781
    3 OTHER QUALIFIED DISTRIBUTIONS 6,852
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
     
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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  
    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.......  
    e From 2012.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
    1973-10-20
    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
    59,454 56,126 36,950 39,609 192,139
    b 85% of line 2a ......... 50,536 47,707 31,408 33,668 163,318
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		47,415 44,889 41,898 44,526 178,728
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		47,415 44,889 41,898 44,526 178,728
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		39,636 37,417 34,373 34,745 146,171
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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 address of the person to whom applications should be addressed:
    ANNAMARIE LAVIERI
    PO BOX 183
    KINGSTON,WA98346
    (360) 638-1088
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION IS A PREPRINTED FORM AVAILABLE FROM THE FOUNDATION'S SECRETARY OR WEBSITE. OTHER REQUIRED MATERIALS INCLUDE:1)A CURRENT RESUME 2)A 300 WORD OR LESS ESSAY WHICH INCLUDES 2A)YOUR LONG TERM PROFESSIONAL GOAL, DEGREE AND ITS SIGNIFICANCE TO THE FIELD OF EDUCATION, 2B)ACADEMIC WORK RELATED TO YOUR PROGRESS IN YOUR CERTIFICATION PROGRAM, 2C)INFORMATION REGARDING POTENTIAL FOR PROMISING PROFESSIONAL IMPACT 3)THREE RECOMMENDATION LETTERS SENT DIRECTLY BY THE AUTHOR AND AN OFFICIAL SEALED TRANSCRIPT FROM YOUR UNDERGRADUATE AND/OR GRADUATE COLLEGE OR UNIVERSITY
    cAny submission deadlines:
    APPLICATIONS MUST BE POSTMARKED IN NOVEMBER 2013 FOR THE 2014-2015 YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE APPLICANTS SHOULD BE WOMEN EDUCATORS WORKING ON POST BACCALAURETA STUDIES IN THE FIELD OF EDUCATION AT A NATIONALLY OR REGIONAL ACCREDITED COLLEGE OR UNIVERSITY,WHO ARE BONA FIDE RESIDENTS OF WASHINGTON STATE
    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
    ELIZABETH HOLLAND
    98 UNION STREET 531
    SEATTLE,WA98101     		NO RELATION N/A OBTAIN A PHD IN EDUCATIONAL PSYCHOLOGY 1,510
    JASMIN NIEDO JONES
    7249 NE 158TH ST
    KENMORE,WA98028     		NO RELATION N/A OBTAIN A PHD IN EDUCATINAL PSYCHOLOGY 2,690
    JENNY RODRIQUEZ
    9604 WINTHROP DR
    PASCO,WA99301     		NO RELATION N/A OBTAIN AN ED.D IN EDUCATIONAL LEADERSHIP 1,890
    NATALYA KUBRAKOV
    13311 NE 25TH ST
    VANCOUVER,WA98684     		NO RELATION N/A OBTAIN A MASTER IN EDUCATION AND ENGLISH LANGUAGE LEARNING 1,100
    CHARLENE K SHEA
    25204 NE 77TH AVE
    BATTLE GROUND,WA98604     		NO RELATION N/A OBTAIN AN ED.D IN TEACHER LEADERSHIP 2,100
    JOYCE SHANAIAH
    8607 198TH ST EAST
    SPANAWAY,WA98387     		NO RELATION N/A OBTAIN A MASTER OF ART IN ELEMENTARY EDUCATION 2,250
    KERRI MOLCZYK WINGERT
    2427 NW 59TH ST 202
    SEATTLE,WA98107     		NO RELATION N/A OBTAINA PH.D IN EDUCATIONAL PSYCHOLOGY 2,070
    LIDA DEKKER
    2208 NE 153RD AVE
    VANCOVER,WA98684     		NO RELATION N/A OBTAIN AN ED.D IN TEACHER LEADERSHIP 2,100
    MOLLY CEVASCO
    16501 42ND DR SE
    BOTHELL,WA98012     		NO RELATION N/A OBTAIN A PHD IN SCHOOL PSYCHOLOGY 2,700
    REBECCA MINER
    PO BOX 580
    RANDLE,WA98377     		NO RELATION   OBTAIN AN ED.D IN TEACHER LEADERSHIP 2,100
    Total .................................bullet 3a 20,510
    bApproved for future payment
    ELIZABETH HOLLAND
    98 UNION STREET 531
    SEATTLE,WA98101     		NO RELATION N/A OBTAIN A PHD IN EDUCATIONAL PSYCHOLOGY 2,100
    MOLLY CEVASCO
    16501 42ND DR SE
    BOTHELL,WA98021     		NO RELATION N/A OBTAIN A PHD IN SCHOOL PSYCHOLOGY 4,000
    RACHEL EARL
    6704 DAYTON AVENUE N
    SEATTLE,WA98103     		NO RELATION N/A OBTAIN A PHD IN SCHOOL PSYCHOLOGY 4,000
    KATIE HOHEIMER
    2415 KALISPELL COURT
    PASCO,WA99301     		NO RELATION N/A OBTAIN A MASTER OF EDUCATION IN EDUCATION ADMINISTRATION 4,900
    LORI TAYLOR
    961 SIRRON AVENUE
    RICHLAND,WA99352     		NO RELATION N/A TEACHING 2,500
    KIMBER LYBERT
    877 EASY ST NE
    MOSES LAKE,WA98837     		NO RELATION N/A ADMIN CRED 2,500
    LORI KNUDSON
    PO BOX 1298
    LA CONNER,WA98257     		NO RELATION N/A OBTAIN A PHD IN SUPERINTENDENT CREDITIALS 2,500
    CARINA STILLMAN
    8567 HART ROAD
    PRESCOTT,WA99358     		NO RELATION N/A OBTAIN AN ED.D IN EDUCATION LEADERSHIP AND PRINC CREDITIALS 2,500
    Total .................................bullet 3b 25,000
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 39,272  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 82,801  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPLAINS ALL AMERICAN PIPELINE LP 211110 4,141      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 4,141 122,073 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13126,214
    (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 AccountingFeesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,000 0 0 5,000

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

    TY 2013 DepreciationSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    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
    FILE CABINET 1972-01-24 68 68 SL 0 % 0 0 0  
    FILE CABINET 1976-07-10 53 53 SL 0 % 0 0 0  
    FILE CABINET 1980-06-27 103 103 SL 0 % 0 0 0  
    FILE CABINET 1985-08-21 300 300 SL 0 % 0 0 0  
    FILE CABINET 1984-07-31 116 116 SL 0 % 0 0 0  
    FILE CABINET 1986-06-21 117 117 SL 0 % 0 0 0  
    FAX MACHINE 1994-07-18 271 271 SL 5.000000000000 0 0 0  
    INSPIRON LAP TOP COMPUTERS (5) 2007-04-30 7,322 7,322 SL 3.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2007-07-03 926 926 SL 3.000000000000 0 0 0  
    IMAC #C03LCQ8DNCR 2013-08-28 1,299   SL 3.000000000000 217 0 361  

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    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    WRITE-OFF OF OLD ASSETS   PURCHASED 2014-06         0   9,276

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CALAMOS GLOBAL 25,816 21,087
    GOLDMAN SACHS GROUP INC 24,078 28,349
    AXIS CAPITAL HOLDING 25,774 25,543
    BLACKROCK CORPORATE 20,031 23,584
    CORNING GLASS 30,140 27,572
    ISHARES BARCLAYS CB 42,901 43,646
    MORGAN STANLEY EMERGING MARKETS 24,282 25,451
    ABERDEEN ASIA PACIFIC 28,799 27,839
    KAYNE ANDERSON MIDSTREAM/ENERGY 18,949 29,587
    PIMCO 30,047 31,857
    KINDER MORGAN 32,096 31,961
    PRINCIPAL FUNDS INC 32,056 32,087
    BLACKROCK CREDIT ALLOC INCOME TRUST 22,114 22,000
    HENDERSON GLOBAL FDS 37,635 37,382
    NEUBERGER BERMAN 20,541 22,209

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Name of Stock End of Year Book Value End of Year Fair Market Value
    METLIFE INC 37,253 47,448
    APPLE INC 21,154 44,885
    CHEVRON CORPORATION 20,063 25,327
    UNITEDHEALTH GROUP 15,401 28,613
    AETNA INC 14,760 30,648
    CVS CAREMARK CORP 11,607 24,269
    AMERICAN TOWER 21,693 30,863
    QUALCOMM INC 38,360 50,371
    CENTURYLINK INC 18,998 18,100
    EMC CORP 34,491 39,773
    FLOWSERVE CORP 13,273 18,588
    JOHNSON CONTROLS INC 22,887 33,853
    REALTY INCOME CORP 23,332 23,187
    WEYERHAEUSER CO 13,610 16,380
    VERIZON 24,773 24,465
    TRANSOCEAN LTD 23,915 23,100
    PFIZER INC 23,754 22,854
    ISHARES MSCI GERMANY 23,355 26,588
    ISHARES AUSTRALIA 23,085 24,562
    GOOGLE 24,879 27,479
    GNERAL MOTORS 24,033 22,325
    DISCOVER FINANCIAL 24,428 27,891
    CITIGROUP 23,803 21,430
    AMERICAN INTERNATIONAL 24,412 25,380

    TY 2013 LandEtcSchedule2
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    IMAC #C03LCQ8DNCR 1,299 217 1,082 1,082


    TY 2013 OtherExpensesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP BULLETIN EXPENSE 366 0 0 366
    OFFICE/MISC EXPENSE 2,131 0 0 2,131
    INSURANCE 1,366 0 0 1,366
    COLLECTION 1,524 0 0 1,524


    TY 2013 OtherIncomeSchedule2
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PLAINS ALL AMERICAN PIPELINE LP 4,141   4,141


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR 11,990 11,990 0 0


    TY 2013 TaxesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN: 91-6060790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 23 0 23 0