TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do 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.
bullet

Information 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
Merit Foundation

Number and street (or P.O. box number if mail is not delivered to street address)15 South Pine Street Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Mount Prospect, IL60056

A Employer identification number

36-4156727

B Telephone number (see instructions)

(847) 253-4055

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$728,618J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	97,059
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	15,662		15,662
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		67,810
b	Gross sales price for all assets on line 6a 302,036
7	Capital gain net income (from Part IV, line 2)...			67,810
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).......		1,122
12	Total. Add lines 1 through 11........	181,653		83,472
13	Compensation of officers, directors, trustees, etc.	1,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		100
b	Accounting fees (attach schedule).......		915
c	Other professional fees (attach schedule)....		7,971	7,971	7,971
17	Interest...............
18	Taxes (attach schedule) (see instructions)		170
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	7,207
22	Printing and publications..........
23	Other expenses (attach schedule).......		225	122
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	17,788		8,093	7,971
25	Contributions, gifts, grants paid........	31,500			31,500
26	Total expenses and disbursements. Add lines 24 and 25	49,288		8,093	39,471
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	132,365
b	Net investment income (if negative, enter -0-)			75,379
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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		5,001	4,824	4,824
	2	Savings and temporary cash investments..........		25,886	35,857	35,857
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........		274,158	417,289	564,922
	c	Investments—corporate bonds (attach schedule)........		193,286	101,671	107,534
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		15,481	15,481	15,481
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		513,812	575,122	728,618
		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 )
23		Total liabilities (add lines 17 through 22)..........			0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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		513,812	575,122
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		513,812	575,122
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		513,812	575,122

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	513,812
2	Enter amount from Part I, line 27a.....................	2	132,365
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	646,177
5	Decreases not included in line 2 (itemize)	5	71,055
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	575,122

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	15 shrs Alcoa Inc	P	2011-10-17	2013-05-20
b	2 shrs Harford Financial Services	P	2011-10-17	2013-12-18
c	233 shrs Alcoa	P	2006-10-30	2013-05-20
d	72 shrs Hartford Financial Services	P	2006-10-30	2013-12-18
e	76.423 shrs Blackrock Global Long/Short Credit	P	2013-02-15	2013-10-08
	34 shrs Guggenheim Enhanced Short Duration	P	2013-06-14	2013-10-08
	106 Sshrs Guggenheim Enhanced Short Duration	P	2013-06-14	2013-11-21
	6 shrs Physical Precious Metals	P	2013-09-12	2013-10-08
	122 shrs Physical Precious Metals	P	2013-09-12	2013-11-21
	157.365 shrs Fundvantage Trust Gotham Absolute Return	P	2013-06-13	2013-10-08
	244.557 shrs Fundvantage Trust Gotham Absolute Return	P	2013-06-13	2013-11-21
	262 shrs Global X Permanent ETF	P	2012-12-21	2013-06-13
	61.051 shrs Oakmark Fds Oakmark Intl	P	2013-09-12	2013-10-08
	27 Ishrs Tips Bond Fd	P	2012-03-08	2013-02-15
	16 Ishrs Core S&P 500	P	2013-06-14	2013-10-08
	4 Ishrs Core S&P 500	P	2013-06-14	2013-11-21
	23 Ishrs Russell 2000	P	2013-06-14	2013-10-08
	441 Ishrs Floating Rate Bond	P	2013-06-13	2013-07-26
	98.066 shrs Mainstay Funds Marketfield CL A	P	2013-06-14	2013-10-08
	186.206 shrs Merger Fd Sh Ben Int	P	2012-03-08	2013-02-15
	67.784 shrs Northern Lights Swan Defined Risk	P	2013-06-14	2013-10-08
	59.875 shrs Northern Lights Good Harbor US Tact Core	P	2013-07-26	2013-10-08
	7.152 shrs Norther Lights Good Harbor US Tact Core	P	2013-07-26	2013-11-21
	121.451 shrs Pimco Total Ret Fd Instl	P	2012-12-21	2013-02-15
	18.795 shrs Pimco Total Ret Fd Instl	P	2013-06-14	2013-09-12
	335.301 shrs Pimco High Yield Fd Instl	P	2012-03-08	2013-02-15
	1659.465 shrs Pimco High Yield Fd Instl	P	2013-06-14	2013-06-26
	610.421 shrs Pimco Foreign Bd Fd Instl	P	2012-03-08	2013-02-15
	226.631 shrs Pimco Fds All Asset All Auth Fd Instl	P	2012-12-21	2013-07-26
	18.034 shrs Pimco Fds Emerging Local Bond	P	2012-12-21	2013-06-13
	116 Powershares Senior Loan Portfolio	P	2013-07-26	2013-10-08
	257 Powershares CEF Income Composite Port	P	2013-02-15	2013-06-17
	1 shr Spdr Dow Jones Reit EFT	P	2012-12-21	2013-06-13
	9 shrs Spddr S&P Midcap 400	P	2013-06-14	2013-10-08
	39 shrs Tortoise Energy Infrstrctr	P	2013-06-14	2013-10-08
	6 shrs Tortoise Energy Infrstrctr	P	2013-06-14	2013-11-21
	41 shrs Vanguard FTSE Developed Markets	P	2013-06-14	2013-10-08
	28 shrs Vanguard High Dividend Yield	P	2013-06-14	2013-10-08
	58 shrs Vanguard High Dividend Yield	P	2012-12-21	2013-11-21
	19 shrs Vanguard Emerging Markets	P	2013-07-26	2013-10-08
	8 shrs Vanguard CRSP US Mid Cap Index	P	2013-06-14	2013-10-08
	24 shrs Vangaurd CRSP US Small Cap Index	P	2013-06-14	2013-10-08
	9 shrs Vanguard CRSP US Small Cap Index	P	2013-06-14	2013-11-21
	24 Ishrs Tips Bond	P	2008-02-04	2013-02-15
	58 Ishrs Tips Bond	P	2006-12-07	2013-06-13
	153 Ishrs MSCI Emerging Mkts	P	2005-09-14	2013-06-13
	228.851 shrs Merger Fd Sh Ben Int	P	2011-08-15	2013-02-15
	202.63 shrs Pimco Total Ret Fd Instl	P	2010-05-20	2013-02-15
	572.109 shrs Pimco Total Ret Fd Instl	P	2010-05-20	2013-06-20
	1447.404 shrs Pimco Total Ret Fd Instl	P	2011-08-15	2013-09-12
	357.423 shrs Pimco High Yield Fd Instl	P	2012-03-08	2013-06-26
	175.373 shrs Pimco High Yield Fd Instl	P	2012-03-08	2013-10-08
	569.526 shrs Pimco High Yield Fd Instl	P	2011-08-15	2013-11-21
	377.082 shrs Pimco Fds All Asset All Auth Fd Instl	P	2010-11-19	2013-07-26
	583.779 shrs Pimco Fds Emerging Local Bond	P	2012-03-08	2013-06-13
	59 shrs Spdr Dow Jones Reit Eft	P	2011-08-15	2013-06-13
	52 shrs Vanguard High Dividend Yield	P	2011-09-26	2013-11-21
	77 shrs Vanguard CRSP US Small Cap Index	P	2012-07-05	2013-11-21
	151 shrs Hillshire Brands Co	D	2012-06-28	2013-11-03
	1000 shrs Philip Morris Intl	D	1990-01-01	2013-06-10
	0 shrs Eaton Corp PLC	P	2012-12-03	2013-01-01

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	131	144	-13
b	69	36	33
c	2,032	6,328	-4,296
d	2,414	6,184	-3,770
e	815	811	4
	1,704	1,705	-1
	5,323	5,317	6
	436	438	-2
	8,247	8,905	-658
	1,915	1,871	44
	3,204	2,908	296
	6,253	6,707	-454
	1,568	1,562	6
	3,240	3,216	24
	2,673	2,633	40
	722	658	64
	2,398	2,253	145
	22,329	22,327	2
	1,747	1,666	81
	2,910	2,936	-26
	722	708	14
	642	676	-34
	83	80	3
	1,359	1,377	-18
	199	206	-7
	3,239	3,170	69
	15,532	15,764	-232
	6,580	6,550	30
	2,336	2,416	-80
	184	199	-15
	2,866	2,890	-24
	6,349	6,554	-205
	76	72	4
	2,014	1,928	86
	1,724	1,725	-1
	285	265	20
	1,600	1,518	82
	1,593	1,610	-17
	3,571	3,265	306
	776	756	20
	810	769	41
	2,416	2,266	150
	963	850	113
	2,880	2,535	345
	6,603	5,856	747
	6,058	4,781	1,277
	3,576	3,611	-35
	2,267	2,255	12
	6,173	6,333	-160
	15,371	16,192	-821
	3,345	3,324	21
	1,667	1,630	37
	5,461	5,163	298
	3,887	4,117	-230
	5,949	6,369	-420
	4,505	3,736	769
	3,201	2,094	1,107
	8,239	5,993	2,246
	4,967	664	4,303
	91,780	25,340	66,440
	44	0	44

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	0	0	0	-13
b	0	0	0	33
c	0	0	0	-4,296
d	0	0	0	-3,770
e	0	0	0	4
	0	0	0	-1
	0	0	0	6
	0	0	0	-2
	0	0	0	-658
	0	0	0	44
	0	0	0	296
	0	0	0	-454
	0	0	0	6
	0	0	0	24
	0	0	0	40
	0	0	0	64
	0	0	0	145
	0	0	0	2
	0	0	0	81
	0	0	0	-26
	0	0	0	14
	0	0	0	-34
	0	0	0	3
	0	0	0	-18
	0	0	0	-7
	0	0	0	69
	0	0	0	-232
	0	0	0	30
	0	0	0	-80
	0	0	0	-15
	0	0	0	-24
	0	0	0	-205
	0	0	0	4
	0	0	0	86
	0	0	0	-1
	0	0	0	20
	0	0	0	82
	0	0	0	-17
	0	0	0	306
	0	0	0	20
	0	0	0	41
	0	0	0	150
	0	0	0	113
	0	0	0	345
	0	0	0	747
	0	0	0	1,277
	0	0	0	-35
	0	0	0	12
	0	0	0	-160
	0	0	0	-821
	0	0	0	21
	0	0	0	37
	0	0	0	298
	0	0	0	-230
	0	0	0	-420
	0	0	0	769
	0	0	0	1,107
	0	0	0	2,246
	0	0	0	4,303
	0	0	0	66,440
	0	0	0	44

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	67,810
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 . . . . . . . . . . . . . . . .		3	-80

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? Yes No

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	33,872	530,139	0.063893
2011	27,932	452,301	0.061755
2010	26,198	394,086	0.066478
2009	23,686	370,199	0.063982
2008	34,829	544,449	0.063971

2	Total of line 1, column (d) ......................	2	0.320079
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	0.064016
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	619,423
5	Multiply line 4 by line 3.......................	5	39,653
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	754
7	Add lines 5 and 6.........................	7	40,407
8	Enter qualifying distributions from Part XII, line 4..............	8	39,471
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,508
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	1,508
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	1,508
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	1,508
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,508
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax0	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

MARLYS E WEARY Telephone no. bullet

(847) 253-4055

Located at bullet

15 S Pine Street 404 MtProspectIL ZIP+4 bullet

600563146

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
MARLYS WEARY	President 1.00	0	0	0
15 S Pine Str Mt Prospect,IL60056	President 1.00	0	0	0
SHARON FRUCHT	Secretary 1.00	0	0	0
707 Calvert Lane Fort Washington,MD20744	Secretary 1.00	0	0	0
RONALD WEARY	Treasurer 2.00	0	0	965
10031 E Nacoma Ct Sun Lake,AZ85248	Treasurer 2.00	0	0	965
REBECCA JOHNSON	Director 1.00	300	0	1,136
1N155 Cypress Lane Winfield,IL60190	Director 1.00	300	0	1,136
LAUREN B CANTONI	Director 1.00	300	0	1,512
15404 S Fourth Dr Phoenix,AZ85045	Director 1.00	300	0	1,512
DAVID FRUCHT	Director 1.00	0	0	353
1502 Black-Eyed Susan Lane Vienna,VA22182	Director 1.00	0	0	353
STEPHEN FRUCHT	Director 1.00	300	0	591
1040 Keswick Lane Clemmons,NC27012	Director 1.00	300	0	591
MICHAEL FRUCHT	Director 1.00	300	0	1,699
241 Dartmoor Dr Madison,WI53711	Director 1.00	300	0	1,699
ANDREW FRUCHT	Director 1.00	0	0	418
241 Dartmoor Drive Madison,WI53711	Director 1.00	0	0	418

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...................				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............. 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)

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......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

30,971

Tax on investment income for 2013 from Part VI, line 5......

1,508

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,508

Distributable amount before adjustments. Subtract line 2c from line 1............

29,463

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

29,463

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

29,463

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7			29,463
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.......	7,829
b From 2009.......	5,316
c From 2010.......	6,880
d From 2011.......	8,385
e From 2012.......	7,703
fTotal of lines 3a through e.........		36,113
4Qualifying distributions for 2013 from Part
XII, line 4: $ 39,471
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.....			29,463
e Remaining amount distributed out of corpus		10,008
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		46,121
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) ...		7,829
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		38,292
10 Analysis of line 9:
a Excess from 2009....	5,316
b Excess from 2010....	6,880
c Excess from 2011....	8,385
d Excess from 2012....	7,703
e Excess from 2013....	10,008

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

MARLYS E WEARY DAVID FRUCHT RONALD

LAUREN CONTONI MICHAEL FRUCHT STEPH

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2013)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Pioneer Camp & Retreat Center 9324 Lake Shore Road Angola,NY14006		501(c)3	Religious	500
New Morning Nursery School 3200 Monroe Street Madison,WI53711		501(c)3	Religious	1,780
Dean Foundation 2711 Allen Blvd Ste 300 Middleton,WI53562		501(c)3	Charitable/Scientific	500
St Mary's Hospital Foundation 700 South Park Street Madison,WI53715		501(c)3	Scientific	500
Augsburg Lutheran Church 845 W 5th Street Winston Salem,NC27101		501(c)3	Religious	1,280
Cantigny Foundation 1S151 Winfield Road Wheaton,IL60187		501(c)3	Scientific	2,000
Winfield Library Friends 0S291 Winfield Road Winfield,IL60190		501(c)3	Charitable	3,000
St Paul Lutheran Church 515 South Wheaton Ave Wheaton,IL60187		501(c)3	Religious	1,280
Summit School - Ahwatukee 4515 E Muirwood Drive Phoenix,AZ85048		501(c)3	Education	6,280
Edgewood Campus School 829 Edgewood College Drive Madison,WI53711		501(c)3	Education	3,000
Cancer Services Inc 3175 Maplewood Avenue WinstonSalem,NC27103		501(c)3	Scientific	500
Brunson Communications & World Cultures 155 N Hawthorne Road WinstonSalem,NC27104		501(c)3	Education	2,000
Matthew Gfeller Foundation 2880 Galsworthy Drive WinstonSalem,NC27106		501(c)3	Scientific	500
Africa Revewal Ministry PO Box 13733 San Antonio,TX78213		501(c)3	Religious	1,000
Riverwood Therapeutic Riding Center 6825 Rollingview Drive Tabaccovile,NC27050		501(c)3	Scientific	1,000
Shelley Glover Foundation PO Box 5036 Madison,WI53705		501(c)3	Charitable	100
Good Shepard Lutheran Church 1133 Reston Avenue Herndon,VA20170		501(c)3	Religious	6,280
Total ................................. 3a				31,500

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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....					15,662
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 .............					67,810
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a964-021854 cap gain distribution					247
b964-021858 cap gain distribution					202
c964-021854 nondividend distribution					110
d964-021858 nondividend distribution					45
e
12 Subtotal. Add columns (b), (d), and (e)..					84,076

13Total. Add line 12, columns (b), (d), and (e)..................

1384,076

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
4	Income produced to support grants to other 501(c)3 organizations
8	Income produced to support grants to other 501(c)3 organizations
11	Income produced to support grants to other 501(c)3 organizations

Form 990-PF (2013)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Name of the organization

Merit Foundation

Employer identification number

36-4156727

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 2

Name of organization Merit Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MS MARLYS E WEARY 15 South Pine Street 404 Mount Prospect, IL60056	$92,070	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 3

Name of organization Merit Foundation

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	1,000 SHARES OF PHILIP MORRIS INTERNATIONAL AVERAGE OF HIGH AND LOW PRICE OF $25.34/SHARE = $92,070.	$92,070	2013-06-10
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
2	151 SHARES OF HILLSHIRE BRANDS CO AVERAGE OF HIGH AND LOW PRICE OF $4.40/SHARE = $4,989.04. DONEE CO	$4,989	2013-10-31
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 4

Name of organization
Merit Foundation

Employer identification number

36-4156727

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2013 AccountingFeesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Estate Plan Administration Services LLC Tax Preparation	915

- TIN:

TY 2013 AllOthProgRltdInvestmentsSch

Name:

Merit Foundation

EIN: 36-4156727

Category	Amount
None

- TIN:

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

TY 2013 GainLossSaleOtherAssetsSch

Name:

Merit Foundation

EIN: 36-4156727

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
964-021854 Sale of Marketable Securities-See Part IV (a)		Purchased		VARIOUS	4,689	12,658	FMV		-7,969
964-021858 Sale of Marketable Securities-See Part IV (a)		Purchased		VARIOUS	297,347	221,568	FMV		75,779

- TIN:

TY 2013 InvestmentsCorpBondsSchedule

Name:

Merit Foundation

EIN: 36-4156727

Name of Bond	End of Year Book Value	End of Year Fair Market Value
358.907 shrs Blackrock Global Long/Short	3,815	3,876
467.088 shrs Blackrock Global Long/Short	4,960	5,045
29.217 shrs Blackrock Global Long/Short	314	316
319.923 shrs Gateway Fund	9,185	9,268
798.099 shrs Good Harbor US Tact Core	9,019	9,497
933.276 shrs Gotham Absolute Return	11,097	12,077
8.829 shrs Gotham Absolute Return	105	114
563.547 shrs Mainstay Marketfield Fund	8,921	10,397
90.168 shrs Mainstay Marketfield Fund	1,532	1,664
29.922 shrs Mainstay Marketfield Fund	539	552
.081 shrs Mainstay Marketfield Fund	1	1
562.805 shrs Merger Fd Sh Ben Int	9,185	8,994
401.403 shrs Oakmark Intl Fd	9,525	10,573
166.283 shrs Oakmark Intl Fd	4,255	4,380
8.898 shrs Oakmark Intl Fd	236	234
1304.76 shrs Pimco High Yield Fund	11,434	12,526
260.77 shrs Pimco High Yield Fund	2,339	2,503
14.232 shrs Pimco High Yield Fund	123	137
12.009 shrs Pimco High Yield Fund	106	115
2.254 shrs Pimco High Yield Fund	20	22
452.381 shrs Northern Lights Fund	4,460	5,076
94.264 shrs Northern Lights Fund	984	1,058
2.726 shrs Nortern Lights Fund	331	30
814.271 Wells Fargo Absolute Return Fund	9,185	9,079

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

Merit Foundation

EIN: 36-4156727

Name of Stock	End of Year Book Value	End of Year Fair Market Value
130 shrs Abbvie Inc	3,186	6,891
130 shrs Abbott Laboratories	2,938	4,993
145 shrs Aetna Inc	5,941	9,882
74 shrs Ameriprise Financial Inc	1,834	8,406
8 shrs Ameriprise Financial Inc	344	909
13 shrs Ameriprise Financial Inc	570	1,477
12 shrs Ameriprise Financial Inc	496	1,363
187 shrs American Express Co	10,728	16,753
10 shrs American Express	406	896
115 shrs Bank of America Corp	6,203	1,787
23 shrs Bank of America Corp	335	357
72 shrs Bank of America Corp	1,210	1,119
28 shrs Bank of America Corp	476	436
190 shrs Brunswick	5,962	8,609
14 shrs Brunswick	149	634
23 shrs Brunswick	368	1,042
150 shrs Berksire Hathaway Inc Cl B	9,368	17,706
23 shrs Citigroup Inc	11,553	1,194
22 shrs Citigroup Inc	620	1,142
100 shrs Caterpillar Inc	6,083	9,087
10 shrs Caterpillar Inc	407	908
150 shrs Cigna Corp	5,913	12,992
95 shrs Clorox Co	6,109	8,902
3 shrs Clorox Co	188	281
145 shrs Conocophillips	6,715	10,137
90 shrs Chevron Corp	6,046	11,181
20 shrs Chevron Corp	1,497	2,485
150 shrs Dow Chem Co	6,124	6,690
30 shrs Dow Chem Co	809	1,338
63 shrs Duke Energy Corp	3,476	4,354
59 shrs Emerson Elec Co	2,775	4,145
35 shrs Energizer Holdings Inc	1,891	3,775
15 shrs Energizer Holdings	881	1,618
6 shrs Energizer Holdings	358	647
3 shrs Energizer Holdings	181	324
5 shrs Energizer Holdings	374	539
170 shrs Eaton Corporation Public	8,824	12,922
6 shrs Eaton Corporation Public	311	456
113 shrs AGL Resources Inc	4,536	5,325
15 shrs AGL Resources Inc	624	708
335 shrs General Electric Co	11,832	9,343
99 shrs General Electric Co	1,192	2,761
5 shrs General Electric Co	82	140
17 shrs General Electric Co	300	474
212 shrs General Electric Co	6,012	10,591
44 shrs Hartford Finl Svcs Grp Inc	733	1,595
77 shrs Hartford Finl Svcs Grp Inc	1,385	2,791
145 shrs Honeywell Intl Inc	6,173	13,195
10 shrs Honeywell Intl Inc	340	910
90 shrs Kimberly Clark Corp	5,956	9,534
12 shrs Kimberly Clark Corp	720	1,271
4 shrs Kimberly Clark Corp	244	424
33.3333 Kraft Foods Group Inc Cl A	987	1,798
4 shrs Kraft Foods Group Inc Cl A	124	216
2.667 shrs Kraft Foods Group Inc Cl A	83	144
70 shrs Lockheed Martin Corp	6,082	10,289
10 shrs Lockheed Martin Corp	775	1,470
100 shrs Mondelez International Inc	1,839	3,513
12 shrs Mondelez International Inc	230	422
8 shrs Mondelez International Inc	155	281
113 shrs 3M Company	8,922	15,754
4 shrs 3M Company	304	558
145 shrs Altria Group Inc	2,738	5,562
74 shrs Altria Group Inc	1,297	2,839
15 shrs Altria Group Inc	290	575
11 shrs Altria Group Inc	224	422
42 shrs Norfolk Southern Corp	2,926	3,862
142 shrs Plum Creek Timber Co Inc	5,061	6,602
200 shrs Public Service Enterprise Grp	6,091	6,404
145 shrs Philip Morris International	6,291	12,557
43 shrs Prudential Finl	3,873	3,935
72 shrs Phillips 66	1,982	5,380
142 shrs Royal Dutch Shell	9,831	10,052
95 shrs Spectra Energy Corp	2,519	3,339
11 shrs Spectra Energy Corp	189	386
38 shrs Spectra Energy Corp	737	1,335
14 shrs Spectra Energy Corp	313	492
44 shrs Schlumberger Ltd	3,612	3,923
174 shrs Target Corp	10,242	10,869
270 shrs Textron Inc	12,127	9,836
21 shrs Wells Fargo	5,847	956
99 shrs Wells Fargo	2,863	4,504
14 shrs Wells Fargo	420	637
50 shrs Wells Fargo	1,326	2,275
165 shrs Waste Management	6,174	7,405
24 shrs Waste Management	676	1,077
3 shrs Waste Management	102	134
184 Claymore Guggenheim	9,222	9,231
121 Claymore Guggenheim	6,068	6,071
119 Ishrs Core S&P 500	14,348	22,001
17 Ishrs Core S&P 500	2,335	3,143
2 Ishrs Core S&P 500	287	370
16 Ishrs Core S&P 500	2,633	2,958
34 Ishrs Russell 2000 Index	2,010	3,913
73 Ishrs Russell 2000 Index	4,892	8,402
8 Ishrs Russell 2000 Index	502	921
17 Ishrs Russell 2000 Index	1,363	1,957
7 Ishrs Russell 2000 Index	686	806
1 Ishr Russell 2000 Index	111	115
185 Powershares QQQ Nasdaq 100	15,412	16,167
756 Powershares Senior Loan	18,703	18,794
433 Powershares Senior Loan	10,790	10,764
45 Powershares Senior Loan	1,117	1,119
31 shrs Spdr S&P Midcap 400	4,048	7,541
21 shrs Spdr S&P Midcap 400	1,958	5,108
7 shrs Spdr S&P Midcap 400	1,243	1,703
6 shrs Spdr S&P Midcap 400	1,285	1,460
5.7982 shrs Tortoise Energy Infas	152	274
3.8892 shrs Tortoise Energy Infas	107	184
6.6632 shrs Tortoise Energy Infas	106	315
4.7301 shrs Tortoise Energy Infas	90	224
4.0037 shrs Tortoise Energy Infas	93	189
4.2918 shrs Tortoise Energy Infas	95	203
3.6136 shrs Tortoise Energy Infas	98	171
115 shrs Tortoise Energy Infas	3,547	5,441
5.2581 shrs Tortoise Energy Infas	148	249
5.0445 shrs Tortoise Energy Infas	153	239
5.0175 shrs Tortoise Energy Infas	157	237
4.6649 shrs Tortoise Energy Infas	161	221
4.3362 shrs Tortoise Energy Infas	165	205
4.689 shrs Tortoise Energy Infas	168	222
79 shrs Tortoise Energy Infas	3,152	3,737
34 shrs Tortoise Energy Infas	1,300	1,609
31 shrs Tortoise Energy Infas	1,371	1,467
253 shrs Vanguard FTSE Developed Mkt	8,546	10,527
47 shrs Vanguard FTSE Developed Mkt	1,740	1,956
76 shrs Vanguard FTSE Developed Mkt	3,103	3,162
250 shrs Vanguard High Dividend Yield	10,070	15,553
143 shrs Vanguard FTSE Emerging Market	5,694	5,837
5 shrs Vanguard FTSE Emerging Market	205	204
46 shrs Vanguard MidCap Vipers	3,271	5,036
7 shrs Vanguard MidCap Vipers	559	766
5 shrs Vanguard MidCap Vipers	481	547
58 shrs Vanguard SM Cap Vipers	4,514	6,361

- TIN:

TY 2013 LegalFeesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Lawrence Kamin Saunders Legal	100

- TIN:

TY 2013 OtherDecreasesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Description	Amount
Adjustment to Donor Basis in Stocks sold	71,055

- TIN:

TY 2013 OtherExpensesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Description	Revenue and Expenses per Books	Net Investment Income
Secretary of State	10
Foreign Tax	122	122
Postage	59
Bank Fees	5
Supplies	29

- TIN:

TY 2013 OtherIncomeSchedule2

Name:

Merit Foundation

EIN: 36-4156727

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
964-021854 cap gain distribution	247
964-021858 cap gain distribution	202
964-021854 nondividend distribution	110
964-021858 nondividend distribution	45
IRS Refund	318
Dad's '13 Mtg	200

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Coyle Asset Managment Co. Investment	7,971	7,971		7,971

- TIN:

TY 2013 TaxesSchedule

Name:

Merit Foundation

EIN: 36-4156727

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Tax Payment	170