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
OTTO & FRAN WALTER FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)THE BRICK HOUSE 7 OAK STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOOTHBAY HARBOR, ME04538
A Employer identification number

13-1625529
B Telephone number (see instructions)

(207) 633-7300
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$14,733,331J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 331,987 331,987  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,279,311
b Gross sales price for all assets on line 6a 8,345,380
7 Capital gain net income (from Part IV, line 2)... 1,279,311
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,611,298 1,611,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,000 30,000   90,000
14 Other employee salaries and wages...... 25,560 6,390   19,170
15 Pension plans, employee benefits....... 24,008 6,002   18,006
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 16,075 8,038   8,037
c Other professional fees (attach schedule).... Click to see attachment 83,429 41,715   40,505
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 30,055      
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,368    
20 Occupancy.............. 14,947 3,737   11,210
21 Travel, conferences, and meetings....... 27,465 6,866   26,806
22 Printing and publications.......... 140 35   100
23 Other expenses (attach schedule)....... Click to see attachment 23,827 5,756   18,019
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 369,874 108,539   231,853
25 Contributions, gifts, grants paid........ 1,314,389 699,389
26 Total expenses and disbursements. Add lines 24 and 25 1,684,263 108,539   931,242
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -72,965
b Net investment income (if negative, enter -0-) 1,502,759
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............... 21,968 3,215 3,215
2 Savings and temporary cash investments.......... 355,804 205,991 205,991
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........... 6,429    
10a Investments—U.S. and state government obligations (attach schedule) 2,317,380 Click to see attachment2,475,864 2,656,382
b Investments—corporate stock (attach schedule)........ 7,044,745 Click to see attachment7,608,279 9,939,622
c Investments—corporate bonds (attach schedule)........ 1,782,120 Click to see attachment1,774,152 1,872,680
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet37,533
Less: accumulated depreciation (attach schedule) bullet24,801 17,100 Click to see attachment12,732 12,732
15 Other assets (describe bullet) Click to see attachment45,939 Click to see attachment42,709 Click to see attachment42,709
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,591,485 12,122,942 14,733,331
Liabilities 17 Accounts payable and accrued expenses.......... 67,254 56,676
18 Grants payable................... 1,418,650 1,627,261
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).......... 1,485,904 1,683,937
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 10,105,581 10,439,005
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).................... 10,105,581 10,439,005
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 11,591,485 12,122,942
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 10,105,581
2 Enter amount from Part I, line 27a..................... 2 -72,965
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 406,389
4 Add lines 1, 2, and 3.......................... 4 10,439,005
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,439,005
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 150M GOLDMAN SACHS 5.25% MATURED P 2005-09-29 2013-10-15
b 120 APPLE INC P 2009-10-29 2013-11-19
c 8670 CISCO SYSTEMS INC P 2011-10-25 2013-11-19
d 2020 DOLLAR TREE INC P 2013-06-25 2013-12-23
e 4640 GANNETT CO INC DEL P 2012-10-23 2013-05-08
5490 INTL GAME TECHNOLOGY P 2013-02-14 2013-11-14
250 MCKESSON CORPORATION P 2011-11-22 2013-11-19
2110 PLUM CREEK TIMBER CO REIT P 2012-09-05 2013-05-06
1340 TRAVELERS COMPANIES INC P 2013-02-12 2013-12-09
2360 YAHOO INC P 2013-01-23 2013-12-09
50M US T-NOTE 4.25% MATURED P 2004-03-16 2013-08-15
1200 AVERY DENNISON CORP P 2013-05-03 2013-11-19
4127 CITIGROUP INC P 2010-11-10 2013-10-30
550 DOMTAR CORPORATION NEW F P 2012-08-28 2013-02-05
2840 GAP INC P 2013-01-14 2013-10-21
80 J M SMUCKER CO NEW P 2013-06-24 2013-11-19
3910 MERCK & CO INC NEW P 2012-05-18 2013-08-09
130 PROCTER & GAMBLE P 2013-02-01 2013-08-27
100 TRW AUTOMOTIVE HOLDINGS P 2012-09-21 2013-11-19
290 ZIMMER HOLDINGS INC P 2012-01-17 2013-11-27
1570 3M COMPANY P 2012-03-29 2013-04-30
2350 AVNET INC P 2013-02-15 2013-11-21
2890 CMS ENERGY CORP P 2010-11-03 2013-01-16
90 DOVER CORPORATION P 2013-08-12 2013-11-19
290 GENERAL ELECTRIC CO P 2004-07-02 2013-11-19
1262 JARDEN CORP P 2012-11-15 2013-06-24
2820 MICROSOFT CORP P 2004-11-09 2013-11-19
250 PUB SVC ENT GROUP INC P 2013-09-05 2013-11-19
630 UNION PACIFIC CORP P 2012-02-02 2013-02-05
2M MICRON TECHNOLOGY P 2013-07-02 2013-11-18
100 AGCO CORP P 2013-08-19 2013-11-19
180 BAKER HUGHES INC P 2013-08-26 2013-11-19
200 COCA COLA ENT NEW P 2013-09-23 2013-11-19
220 DOW CHEMICAL COMPANY P 2013-09-30 2013-11-19
1650 GENERAL MOTORS CO P 2012-02-23 2013-04-08
260 JOHNSON & JOHNSON P 2004-07-14 2013-11-19
660 MYLAN INC P 2013-06-14 2013-08-27
180 RAYTHEON COMPANY NEW P 2012-08-28 2013-11-19
2080 UNITED HEALTH GROUP INC P 2010-11-26 2013-02-05
4M AT&T P 2012-05-02 2013-11-19
260 BIOGEN IDEC INC P 2011-08-24 2013-08-27
400 COMCAST CORP NEW CL A P 2012-06-15 2013-08-27
150 DR PEPPER SNAPPLE GROUP P 2013-05-10 2013-11-19
880 GOLDMAN SACHS GROUP INC P 2013-01-25 2013-10-25
1130 JPMORGAN CHASE & CO P 2012-07-01 2013-11-19
100 NORFOLK SOUTHERN CORP P 2013-04-25 2013-11-19
11200 REGIONS FINANCIAL CP NEW P 2013-06-14 2013-11-18
1140 URBAN OUTFITTERS INC P 2012-12-07 2013-03-26
1640 ACCENTURE PLC CL A P 2012-11-20 2013-07-15
450 BLACKROCK INC P 2013-02-04 2013-08-26
3320 CONAGRA FOODS INC P 2012-10-12 2013-09-23
520 ENERGIZER HOLDING INC P 2012-12-07 2013-06-24
10 GOOGLE INC CLASS A P 2013-10-25 2013-11-19
1040 KEYCORP INC NEW P 2011-11-15 2013-11-19
4610 NV ENERGY INC P 2013-05-28 2013-12-09
860 SANDISK CORP P 2013-04-22 2013-09-23
2230 VARIAN MEDICAL SYSTEMS P 2012-12-11 2013-04-19
550 ACTAVIS INC P 2012-07-05 2013-02-15
150 BOEING CO P 2012-07-20 2013-08-27
280 CONOCOPHILLIPS P 2012-07-01 2013-11-19
1420 EXPEDIA INC NEW P 2013-01-24 2013-05-13
2183 HALLIBURTON CO HLDG CO P 2013-03-25 2013-11-19
100 KRAFT FOODS GROUP P 2013-10-11 2013-11-19
6510 NVIDIA CORP P 2012-09-17 2013-03-11
3600 SERVICE CORP INTL P 2013-08-06 2013-12-23
1010 VERIZON COMMUNICATIONS P 2010-09-24 2013-02-01
2690 AKAMAI TECHNOLOGIES P 2012-07-26 2013-03-11
540 BORG WARNER INC P 2013-03-22 2013-11-05
1330 CONSTELLATION BRAND CL A P 2012-04-10 2013-02-05
1990 EXXON MOBIL CORP P 2005-11-14 2013-11-19
660 HELMERICH & PAYNE INC P 2013-02-12 2013-08-21
1440 KROGER COMPANY P 2012-03-19 2013-11-19
100 NVR INC P 2011-03-02 2013-05-15
770 SIMON PPTY GROUP NEW P 2011-08-24 2013-09-23
2910 WALGREEN COMPANY P 2012-10-12 2013-02-05
1190 ALASKA AIR GROUP INC P 2011-01-31 2013-08-27
3010 BRISTOL-MYERS SQUIBB CO P 2010-07-06 2013-09-09
7710 CORNING INC P 2012-12-07 2013-09-09
100 FACEBOOK INC CLASS A P 2013-11-18 2013-11-19
340 HOME DEPOT INC P 2011-09-16 2013-11-19
130 LAM RESEARCH CORPORATION P 2013-10-25 2013-11-19
150 OMNICARE INC P 2013-07-24 2013-11-19
3370 SMITHFIELD FOODS INC P 2013-04-12 2013-06-03
20 WATSONPHARMACEUTICALS/ACTAVIS INC P 2012-07-05 2013-01-16
290 ALLSTATE CORPORATION P 2012-04-20 2013-11-19
2210 CAMPBELL SOUP COMPANY P 2013-06-24 2013-09-06
2300 COVANTA HOLDING CORP P 2012-07-09 2013-01-16
80 FLOWSERVE CORPORATION P 2012-12-06 2013-08-27
655 HONEYWELL INTERNATIONAL P 2010-05-07 2013-11-19
990 LEAR CORPORATION P 2012-08-28 2013-06-24
550 ORACLE CORPORATION P 2011-07-01 2013-11-19
150 ST JUDE MEDICAL INC P 2013-08-12 2013-11-19
60 WELLPOINT INC P 2013-09-09 2013-11-19
230 AMEREN CORPORATION P 2013-09-23 2013-11-19
420 CARDINAL HEALTH INC P 2013-08-07 2013-11-19
853 COVIDEN PLC NEW P 2012-05-21 2013-12-09
160 FLUOR CORPORATION NEW P 2012-01-09 2013-11-19
2540 HOST HOTELS & RESORTS REIT P 2013-05-24 2013-08-26
170 LINCOLN NATIONAL CORP P 2013-09-09 2013-11-19
4760 PEABODY ENERGY CORP P 2013-04-03 2013-08-09
130 STARWOOD HTLS & RSTS NEW P 2013-05-28 2013-11-19
3200 WELLS FARGO & CO P 2012-04-20 2013-05-24
240 AMERICAN INTL GROUP NEW P 2012-10-10 2013-11-19
100 CELGENE CORP P 2011-09-14 2013-11-19
400 DELTA AIR LINES INC NEW P 2012-12-19 2013-11-19
2850 FOOT LOCKER INC P 2011-03-28 2013-09-09
2810 IAC/INTERACTIVE CORP NEW P 2013-07-24 2013-12-09
2980 MACYS INC FKA FEDERATED DEPT ST P 2012-07-01 2013-09-13
900 PFIZER INCORPORATED P 2011-06-09 2013-11-19
150 STATE STREET CORP P 2013-04-02 2013-11-19
130 WESTERN DIGITAL CORP P 2013-09-06 2013-11-19
980 AMERN FINANCIAL GROUP P 2010-09-10 2013-02-04
660 CHEVRON TEXACO COR P 2004-07-02 2013-11-19
1250 DIRECTV CL A P 2011-05-13 2013-11-19
2190 FRANKLIN RESOURCES INC P 2012-10-03 2013-08-12
140 ILLINOIS TOOL WORKS INC P 2013-09-05 2013-11-19
MALLINCKRODT PUB-CASH IN LIEU P 2012-07-01 2013-07-11
2050 PHILIP MORRIS INTL INC P 2011-08-08 2013-02-01
2640 SYNOPSYS INC P 2012-01-25 2013-01-14
3300 WEYERHAEUSER CO P 2013-05-14 2013-06-25
680 ANADARKO PETROLEUM CORP P 2013-06-03 2013-12-09
930 CHUBB CORPORATION P 2011-08-17 2013-07-16
310 DISCOVER FINANCIAL SVCS P 2013-01-14 2013-11-19
2790 FEEPORT MCMORAN COPPER P 2012-10-24 2013-05-28
210 INTEL CORP P 2012-07-01 2013-11-19
1900 MARATHON OIL CORP P 2010-05-21 2013-11-19
180 PINNACLE WEST CAPITAL P 2012-10-12 2013-11-19
240 TEXAS INSTRUMENTS INC P 2013-07-15 2013-11-19
280 WHIRLPOOL CORP P 2013-02-21 2013-11-19
1280 APACHE CORP P 2012-11-07 2013-02-05
60 CIMAREX ENERGY CO P 2013-09-23 2013-11-19
1160 DISNEY WALT CO P 2012-03-06 2013-06-14
50 GAMESTOP CORP CL A NEW P 2013-10-25 2013-11-19
890 INTERNATIONAL BUSINESS MACHINES P 2006-02-14 2013-11-19
190 MARRIOTT INTL INC CL A P 2012-03-09 2013-11-19
1970 PLAINS EXPL & PRODTNCO P 2012-07-06 2013-01-16
410 THERMO FISHER SCIENTIFIC P 2013-03-11 2013-12-23
1060 WYNDHAM WORLDWIDE CORP P 2011-11-22 2013-07-29
(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 150,000   150,000  
b 61,254   31,981 29,273
c 190,322   156,479 33,843
d 112,115   100,563 11,552
e 94,952   88,036 6,916
102,548   90,757 11,791
35,512   19,833 15,679
102,987   87,920 15,067
117,831   106,031 11,800
79,146   47,566 31,580
50,000   50,000  
52,709   50,643 2,066
204,404   165,938 38,466
41,752   39,828 1,924
105,377   92,010 13,367
8,577   8,219 358
183,057   148,103 34,954
10,093   9,744 349
6,639   4,648 1,991
24,028   16,028 8,000
161,666   139,527 22,139
98,745   85,879 12,866
96,842   71,781 25,061
7,842   7,864 -22
6,675   5,730 945
56,556   43,236 13,320
95,828   82,041 13,787
8,412   8,064 348
82,907   72,183 10,724
37,125   28,808 8,317
5,734   5,713 21
8,747   8,325 422
8,403   8,175 228
8,750   8,753 -3
45,975   43,736 2,239
22,458   20,355 2,103
26,515   20,543 5,972
12,723   10,225 2,498
118,207   94,205 24,002
139,241   134,488 4,753
55,573   29,430 26,143
16,281   12,020 4,261
6,791   7,405 -614
141,430   126,873 14,557
55,379   48,192 7,187
7,426   7,520 -94
108,243   101,693 6,550
45,366   42,381 2,985
120,707   105,095 15,612
119,010   106,838 12,172
106,195   92,303 13,892
50,782   41,192 9,590
10,317   10,061 256
11,577   7,477 4,100
109,036   94,555 14,481
51,876   47,866 4,010
85,034   88,975 -3,941
47,461   40,625 6,836
14,217   10,835 3,382
18,027   16,117 1,910
81,408   88,252 -6,844
106,069   90,662 15,407
5,266   5,307 -41
82,918   88,413 -5,495
62,952   69,449 -6,497
43,717   34,630 9,087
103,247   78,039 25,208
55,415   42,045 13,370
41,844   33,048 8,796
183,111   123,884 59,227
42,856   42,352 504
54,066   34,523 19,543
100,535   72,197 28,338
123,991   87,626 36,365
119,845   104,155 15,690
64,200   36,365 27,835
128,120   81,683 46,437
109,070   93,993 15,077
4,831   4,811 20
25,333   13,752 11,581
6,825   7,030 -205
8,210   7,743 467
109,527   86,143 23,384
1,684   1,477 207
13,844   9,539 4,305
94,796   101,371 -6,575
43,607   39,673 3,934
6,506   5,569 937
52,200   33,510 18,690
59,593   40,292 19,301
18,336   16,027 2,309
7,873   7,879 -6
5,272   5,241 31
8,327   7,995 332
25,206   21,480 3,726
50,858   41,808 9,050
10,880   9,265 1,615
42,896   47,075 -4,179
8,369   7,533 836
77,068   100,540 -23,472
8,735   8,938 -203
124,973   107,909 17,064
13,888   11,175 2,713
12,704   6,581 6,123
7,229   4,500 2,729
95,523   75,603 19,920
146,445   142,294 4,151
132,026   82,819 49,207
25,024   19,136 5,888
10,428   8,912 1,516
9,402   8,260 1,142
41,603   28,966 12,637
91,123   58,913 32,210
75,738   62,276 13,462
111,337   95,201 16,136
11,128   10,136 992
33     33
182,464   143,189 39,275
82,995   77,188 5,807
90,221   105,893 -15,672
60,260   61,671 -1,411
79,904   56,004 23,900
13,825   12,418 1,407
91,682   116,767 -25,085
4,623   5,142 -519
66,458   47,482 18,976
9,626   9,590 36
9,397   9,148 249
39,316   31,713 7,603
96,359   104,385 -8,026
6,136   5,479 657
73,556   49,128 24,428
2,872   2,618 254
157,704   125,071 32,633
7,691   6,892 799
92,339   73,769 18,570
41,164   31,437 9,727
65,396   35,679 29,717
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       29,273
c       33,843
d       11,552
e       6,916
      11,791
      15,679
      15,067
      11,800
      31,580
       
      2,066
      38,466
      1,924
      13,367
      358
      34,954
      349
      1,991
      8,000
      22,139
      12,866
      25,061
      -22
      945
      13,320
      13,787
      348
      10,724
      8,317
      21
      422
      228
      -3
      2,239
      2,103
      5,972
      2,498
      24,002
      4,753
      26,143
      4,261
      -614
      14,557
      7,187
      -94
      6,550
      2,985
      15,612
      12,172
      13,892
      9,590
      256
      4,100
      14,481
      4,010
      -3,941
      6,836
      3,382
      1,910
      -6,844
      15,407
      -41
      -5,495
      -6,497
      9,087
      25,208
      13,370
      8,796
      59,227
      504
      19,543
      28,338
      36,365
      15,690
      27,835
      46,437
      15,077
      20
      11,581
      -205
      467
      23,384
      207
      4,305
      -6,575
      3,934
      937
      18,690
      19,301
      2,309
      -6
      31
      332
      3,726
      9,050
      1,615
      -4,179
      836
      -23,472
      -203
      17,064
      2,713
      6,123
      2,729
      19,920
      4,151
      49,207
      5,888
      1,516
      1,142
      12,637
      32,210
      13,462
      16,136
      992
      33
      39,275
      5,807
      -15,672
      -1,411
      23,900
      1,407
      -25,085
      -519
      18,976
      36
      249
      7,603
      -8,026
      657
      24,428
      254
      32,633
      799
      18,570
      9,727
      29,717
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 1,279,311
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 3 358,987
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 765,863 12,787,889 0.059890
2011 932,279 12,567,012 0.074185
2010 952,677 12,163,309 0.078324
2009 939,491 11,417,279 0.082287
2008 965,224 15,081,812 0.063999
2 Total of line 1, column (d) ...................... 2 0.358685
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 0.071737
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 13,644,754
5 Multiply line 4 by line 3....................... 5 978,834
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 15,028
7 Add lines 5 and 6......................... 7 993,862
8 Enter qualifying distributions from Part XII, line 4.............. 8 931,242
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 30,055
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 30,055
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 30,055
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 30,138
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 30,138
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 82
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet82 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)
    bulletME, NY
    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 addressbulletWWW.WALTERFOUNDATION.ORG
    14
    The books are in care ofbulletNEIL SUMNER CPA Telephone no.bullet (212) 938-1930
    Located atbullet115 WEST 29TH ST SUITE 603NEW YORKNY ZIP+4bullet100015060
    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
     
     
    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
    FRANK G HELMANClick to see attachment PRESIDENT
    30.00     		60,000 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    MARTHA H PEAKClick to see attachment VICE-PRESIDE
    30.00     		45,000 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    CARL R GRIFFIN IIIClick to see attachment SECRETARY
    10.00     		15,000 0 0
    59 ATLANTIC AVE
    BOOTHBAY HARBOR,ME04538
    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
    682,238
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    30,055
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,055
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    652,183
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    652,183
    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
    652,183
    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 7 652,183
    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....... 217,663
    b From 2009....... 348,620
    c From 2010....... 363,796
    d From 2011....... 319,678
    e From 2012....... 149,411
    fTotal of lines 3a through e......... 1,399,168
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 931,242
    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..... 652,183
    e Remaining amount distributed out of corpus 279,059
    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 1,678,227
    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) ...     		217,663
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		1,460,564
    10 Analysis of line 9:
    a Excess from 2009.... 348,620
    b Excess from 2010.... 363,796
    c Excess from 2011.... 319,678
    d Excess from 2012.... 149,411
    e Excess from 2013.... 279,059
    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 or e-mail address of the person to whom applications should be addressed:
    MARTHA H PEAK VP GRANTS DIRECTOR
    OTTO AND FRAN WALTER FDN 7 OAK ST
    7 OAK STREET
    BOOTHBAY HARBOR,ME04538
    (207) 633-7300
    bThe form in which applications should be submitted and information and materials they should include:
    E-MAIL TO GRANTS@WALTERFOUNDATION.ORG REQUESTING FOUNDATION'S GUIDELINES FOR GIVING BEFORE SUBMITTING GRANT REQUEST.
    cAny submission deadlines:
    APPLICATIONS CONTINUOUSLY ACCEPTED THROUGHOUT YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR TO ANY PROGRAM OR ORGANIZATION THAT HAS A PURELY RELIGIOUS OR ETHNIC AGENDA OR THAT DISCRIMINATES BASED ON SEX OR SEXUAL ORIENTATION.
    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
    MANNES COLLEGE FOR MUSIC
    150 WEST 85TH STREET
    NEW YORK,NY10024     		N/A PUBLIC CHARI TO FUND CONCERTS IN NURSING HOMES 13,000
    SELFHELP COMMUNITY SERVICES INC
    520 EIGHTH AVENUE
    NEW YORK,NY10018     		N/A PUBLIC CHARI COFFEE HOUSE PROGRAM 25,000
    EUROPEAN UNION STUDIES CENTER
    365 FIFTH AVENUE
    NEW YORK,NY10016     		N/A PUBLIC CHARI GENERAL CHARITABLE PURPOSES 25,000
    MANNES COLLEGE FOR MUSIC
    150 WEST 85TH STREET
    NEW YORK,NY10024     		N/A PUBLIC CHARI OUTREACH PROGRAM 60,000
    UNIVERSITY SETTLEMENT HOUSE
    184 ELDRIDGE STREET
    NEW YORK,NY10002     		N/A PUBLIC CHARI CREATIVE AGING 130,000
    FED ASSOC & ADVICE FOR NAZI VICTIMS
    HOLWEIDER STREET 13-15
    COLOGNE GERMANY,COLOGNE5106
    GM     		N/A PUBLIC CHARI EXPANSION OF CAFES 19,889
    SAFE PASSAGE
    PO BOX 663
    YARMOUTH,ME04096     		N/A PUBLIC CHARI NEW SCHOOL BUILDING CAPITAL SUPPORT 120,000
    THE ROTARY FOUNDATION
    777 UNITED NATIONS PLAZA
    NEW YORK,NY10017     		N/A PUBLIC CHARI TO ENDOW A PEACE FELLOWSHIP 125,000
    METROPOLITAN OPERA ASSOCIATION
    LINCOLN CENTER
    MEW YORK,NY10023     		N/A PUBLIC CHARI TO ADD NEW SCHOOL DISTRICT 25,000
    COOPERATIVE FOR EDUCATION
    2730 HYDE PARK AVENUE
    CINCINNATI,OH45209     		N/A PUBLIC CHARI NEW SCHOLARSHIP PROGRAM FOR GIRLS 25,000
    MUSKINGUM COLLEGE
    163 STORMENT STREET
    NEW CONCORD,OH43762     		N/A PUBLIC CHARI SUPPORT CONSTRUCTION OF NEW BUILDING 131,500
    Total .................................bullet 3a 699,389
    bApproved for future payment
    SAFE PASSAGE
    PO BOX 663
    YARMOUTH,ME04096     		N/A PUBLIC CHARI NEW SCHOOL BUILDING CAPITAL SUPPORT 480,000
    MANNES COLLEGE FOR MUSIC
    150 WEST 85TH STREET
    NEW YORK,NY10024     		N/A PUBLIC CHARI OUTREACH PROGRAM 60,000
    METROPOLITAN OPERA ASSOCIATION
    LINCOLN CENTER
    NEW YORK,NY10023     		N/A PUBLIC CHARI TO ADD NEW SCHOOL DISTRICT 50,000
    COOPERATIVE FOR EDUCATION
    2730 HYDE PARK AVENUE
    CINCINNATI,OH45209     		N/A PUBLIC CHARI NEW SCHOLARSHIP PROGRAM FOR GIRLS 25,000
    Total .................................bullet 3b 615,000
    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....     14 331,987  
    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 1,279,311  
    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)..   1,611,298  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,611,298
    (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:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    QUARTERLY ACCOUNTING 6,975 3,488   3,487
    PREPARATION OF FINANCIAL STMTS 4,550 2,275   2,275
    TAX REPORT SERVICES 4,550 2,275   2,275

    TY 2013 CompensationExplanation
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Person Name Explanation
    FRANK G HELMAN  
    MARTHA H PEAK  
    CARL R GRIFFIN III  

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

    TY 2013 DepreciationSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    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
    FURNITURE 2004-09-01 3,177 3,177 S/L 7.0000        
    FURNITURE 2005-03-03 1,122 1,122 S/L 7.0000        
    FURNITURE & FIXTURES 2007-07-01 8,049 6,325 S/L 7.0000 1,150      
    OFFICE EQUIPMENT 2007-07-01 1,091 1,091 S/L 5.0000        
    FURNITURE & FIXTURES 2008-02-06 1,470 1,033 S/L 7.0000 210      
    COMPUTERS 2008-05-07 1,593 1,488 S/L 5.0000 105      
    DRIVEWAY 2008-11-17 9,300 2,532 S/L 15.0000 620      
    FILING CABINET 2009-03-27 1,102 589 S/L 7.0000 157      
    COMPUTERS 2010-11-16 4,501 1,875 S/L 5.0000 900      
    COMPUTERS 2011-11-28 5,368 1,163 S/L 5.0000 1,074      
    COMPUTERS 2012-09-25 760 38 S/L 5.0000 152      

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250,000 GE CAPITAL 5.4% DUE 02/15/20 251,090 277,941
    150,000 GOLDMAN SACHS 5.25% DUE 10/1    
    100,000 HONEYWELL 5.3% DUE 03/01/201 104,250 113,587
    150,000 IBM 5.7% DUE 09/14/2017 153,420 172,252
    150,000 ORACLE 5% DUE 07/08/2019 154,838 170,031
    150,000 TARGET CORPORATION 5.875% DU 153,059 169,134
    150,000 JP MORGAN CHASE 6% DUE 01/15 156,994 172,675
    100,000 MEDTRONIC 4.75% DUE 09/15/20 102,640 107,102
    125,000 FRANKLIN RESOURCES 3.125% DU 127,186 128,823
    150,000 MCDONALDS CORP 3.5% DUE 7/15 151,529 155,676
    100,000 LOWES COMPANIES 3.75% DUE 4/ 103,352 102,690
    150,000 BERKSHIRE HATAWAY 3.75% DUE 163,761 153,895
    150,000 THE HOME DEPOT 3.75% DUE 2 152,033 148,874

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,120 A T & T 71,278 74,538
    2,860 AMERN FINANCIAL GROUP 99,414 103,417
    780 APPLE INC 247,079 437,595
    3,010 BRISTOL-MYERS SQUIBB CO    
    1,760 CAPITAL ONE FINANCE 126,527 134,833
    1,544 CHEVRON TEXACO COR 121,690 192,860
    8,670 CISCO SYSTEMS INC    
    4,127 CITIGROUP INC    
    3.890 CMS ENERGY CORP    
    2,510 CONOCOPHILLIPS 146,189 177,332
    2,215 EXXON MOBIL CORP 137,891 224,158
    2,465 GENERAL ELECTRIC CO 48,707 69,094
    1,030 HONEYWELL INTERNATIONAL 49,307 94,111
    1,830 INTEL CORP 44,808 47,498
    375 INTERNATIONAL BUSINESS MACHINES 52,854 70,339
    2,630 JOHNSON & JOHNSON 212,123 240,882
    3,950 JPMORGAN CHASE & CO 168,460 230,996
    2,980 MACYS INC FKA FEDERATED    
    1,760 MARATHON OIL CORP 43,984 62,128
    7,890 MICROSOFT CORP 237,604 295,165
    770 SIMON PROPERTY GROUP NEW    
    2,080 UNITEDHEALTH GROUP INC    
    1,010 VERIZON COMMUNICATIONS    
    570 WATSON PHARMACEUTICALS    
    1,630 ACCENTURE PLC CL A F    
    1,090 ALASKA AIR GROUP INC 33,309 79,973
    390 BIOGEN IDEC INC 44,502 109,033
    728 CELGENE CORP 47,911 123,009
    930 CHUBB CORPORATION    
    1,790 DIRECTV CL A 99,778 123,617
    1,540 FOOT LOCKER    
    2,090 HOME DEPOT INC 99,109 172,091
    9,150 KEYCORP INC NEW 65,787 122,793
    770 MCKESSON CORPORATION 61,084 124,278
    100 NVR INC    
    4,670 ORACLE CORPORATION 136,088 178,674
    7,800 PFIZER INCORPORATED 165,849 238,914
    2,050 PHILIP MORRIS INTL INC    
    1,060 WYNDHAM WORLDWIDE CORP    
    2,690 AKAMAI TECHNOLOGIES    
    2,440 ALLSTATE CORPORATION 80,256 133,078
    2,870 AMERICAN INTL GROUP NEW 100,228 146,514
    1,280 APACHE CORP    
    1,390 BOEING CO 100,409 189,721
    3,790 COMCAST CORP NEW CL A 113,886 196,947
    3,320 CONAGRA FOODS INC    
    1,330 CONSTELLATION BRAND CL A    
    7.710 CORNING INC    
    2,300 COVANTA HOLDING CORP    
    1,040 COVIDEN PLC NEW 50,531 70,824
    3,520 DELTA AIR LINES INC NEW 39,604 96,694
    1,160 DISNEY WALT CO    
    550 DOMTAR CORPORATION NEW F    
    520 ENERGIZER HOLDING INC    
    840 FLOWSERVE CORPORATION 38,983 66,217
    1,440 FLUOR CORPORATION 85,284 115,618
    750 FRANKLIN RESOURCES INC    
    2,790 FREEPORT MEMORAN COPPER    
    3,170 GANNETT CO INC DEL    
    1,650 GENERAL MOTORS CO    
    870 IAC/INTERACTIVE CORP NEW    
    845 JARDEN CORP    
    3,350 KROGER COMPANY 80,314 132,426
    990 LEAR CORPORATION    
    2,310 MARROITT INTL INC CL A 91,762 114,001
    3,910 MERCK & CO INC NEW    
    6,510 NVIDIA CORP    
    1,470 PINNACLE WEST CAPITAL 78,316 77,792
    1,970 PLAINS EXPL & PRODTN CO    
    2,110 PLUM CREEK TIMBER CO    
    1,480 RAYTHEON COMPANY NEW 84,069 134,236
    2,640 SYNOPSYS INC    
    760 TRW AUTOMOTIVE HOLDINGS 35,322 56,536
    630 UNION PACIFIC CORP    
    1,140 URBAN OUTFITTERS INC    
    620 VARIAN MEDICAL SYSTEMS    
    2,910 WALGREEN COMPANY    
    3,200 WELLS FARGO & CO    
    1,420 WYNDHAM WORLDWIDE COR    
    3M COMPANY    
    990 ADVANCE AUTO PARTS INC 101,135 109,573
    1,730 AGCO 99,832 102,399
    1,030 AVERY DENNISON CORP 43,469 51,696
    2,150 BAKER HUGHES INC 99,438 118,809
    1,340 BORG WARNER INC 52,168 74,919
    1,760 CARDINAL HEALTH INC 90,010 117,586
    480 CIMAREX ENERGY CO 43,830 50,357
    2,400 COCA COLA ENT NEW 98,104 105,912
    2,200 DISCOVER FINANCIAL SVCS 88,128 123,090
    1,120 DOVER CORPORATION 97,863 108,125
    3,060 DOW CHEMICAL COMPANY 121,749 135,864
    1,850 DR PEPPER SNAPPLE GROUP 91,334 90,132
    1,790 EXTRA SPACE STORAGE INC 73,591 75,413
    1,030 FACEBOOK INC CLASS A 49,550 56,288
    1,550 GAMESTOP CORP CL A NEW 81,159 76,353
    980 GILEAD SCIENCES INC 70,361 73,598
    1,190 GNC HOLDINGS INC 68,946 69,556
    220 GOOGLE INC CLASS A 221,340 246,556
    2467 HALLIBURTON CO HLDG CO 118,138 125,200
    1450 ILLINOIS TOOL WORKS INC 104,979 121,916
    910 J M SMUCKER CO NEW 93,490 94,294
    2030 KRAFT FOODS GROUP 107,734 109,437
    1870 LAM RESEARCH CORPORATION 101,127 101,822
    2210 LINCOLN NATIONAL CORP 97,932 114,080
    670 MARATHON PETE CORP 57,966 61,459
    2630 MYLAN INC 81,860 114,142
    1290 NORFOLK SOUTHERN CORP 97,004 119,751
    1770 OMNICARE INC 91,371 106,837
    1340 PROCTER & GAMBLE 100,441 109,089
    3020 PUB SVC ENT GROUP INC 97,407 96,761
    2980 PULTEGROUP INC 53,312 60,703
    2490 QUALCOMM INC 179,721 184,883
    500 ROCKWELL AUTOMATION INC 56,394 59,080
    1970 SOUTHERN COPPER CORP 51,207 56,559
    1870 ST JUDE MEDICAL INC 98,220 115,847
    1410 STARWOOD HTLS & RSTS NEW 96,947 112,025
    1630 STATE STREET CORP 96,846 119,626
    2970 TEXAS INSTRUMENTS INC 113,202 130,413
    960 THERMO FISHER SCIENTIFIC 73,609 106,896
    560 TIFFANY & CO NEW 50,529 51,957
    1480 VIACOM INC CL B 120,167 129,263
    580 WELLPOINT INC 50,664 53,586
    1520 WESTERN DIGITAL CORP 96,579 127,528
    670 WHIRLPOOL CORP 75,885 105,096
    2520 YAHOO INC 50,791 101,909
    1130 ZIMMER HOLDINGS INC 62,454 105,305

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    US Government Securities - End of Year Book Value:

    2,475,864
    US Government Securities - End of Year Fair Market Value:

    2,656,382
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2013 LandEtcSchedule2
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PROPERTY & EQUIPMENT 37,533 24,801 12,732 12,732


    TY 2013 OtherAssetsSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT - RENT 960 960 960
    ACCRUED INVESTMENT INCOME 44,979 41,749 41,749


    TY 2013 OtherExpensesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    TEL, COMPUTER & INTERNET 8,726 2,182   6,544
    INSURANCE 1,540 385   1,155
    OFFICE & POSTAGE 10,443 2,611   7,780
    DUES,FEES & PERMITS 3,118 578   2,540


    TY 2013 OtherIncreasesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Description Amount
    ACCRUED GRANTS PAID 406,389


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVICE 83,429 41,715   40,505


    TY 2013 TaxesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN: 13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE 30,055