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
E LESTER WILLIAMS AND FRANCES M WILLIAMS
CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)666 WALNUT STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA50309
A Employer identification number

42-6610647
B Telephone number (see instructions)

(515) 245-3217
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$3,021,972J 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...... 79,169 79,169  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 125,937
b Gross sales price for all assets on line 6a 823,172
7 Capital gain net income (from Part IV, line 2)... 125,937
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 143 0  
12 Total. Add lines 1 through 11........ 205,249 205,106  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,573 9,286   9,287
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 670 335   335
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 878 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,139 9,621   9,622
25 Contributions, gifts, grants paid........ 148,305 148,305
26 Total expenses and disbursements. Add lines 24 and 25 168,444 9,621   157,927
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,805
b Net investment income (if negative, enter -0-) 195,485
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............... 2,423 2,998 2,998
2 Savings and temporary cash investments.......... 55,430 54,467 54,467
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 508,180 Click to see attachment470,490 726,673
c Investments—corporate bonds (attach schedule)........ 480,982 Click to see attachment361,423 382,262
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,456,561 Click to see attachment1,650,596 1,855,572
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,694 Click to see attachment2,101 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,505,270 2,542,075 3,021,972
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,783,791 1,783,791
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 721,479 758,284
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,505,270 2,542,075
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,505,270 2,542,075
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,505,270
2 Enter amount from Part I, line 27a..................... 2 36,805
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,542,075
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,542,075
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 VODAFONE GROUP INC ADR P 2005-07-22 2013-02-13
b VODAFONE GROUP INC ADR P 2005-12-02 2013-02-13
c VODAFONE GROUP INC ADR P 2010-04-22 2013-02-13
d VODAFONE GROUP INC ADR P 2011-02-10 2013-02-13
e CENTURYLINK INC P 2011-08-29 2013-03-01
CENTURYLINK INC P 2012-01-23 2013-03-01
JOHNSON & JOHNSON P 2001-04-24 2013-03-01
JOHNSON & JOHNSON P 2002-08-09 2013-03-01
BRISTOL MYERS SQUIBB CO P 2012-07-17 2013-04-03
GATEWAY FUND Y P 2005-10-17 2013-04-01
GATEWAY FUND Y P 2006-10-30 2013-04-01
GATEWAY FUND Y P 2012-07-17 2013-04-01
GOODGLE INC P 2012-07-17 2013-04-22
JP MORGAN MID CAP VAL P 2004-04-29 2013-04-19
JP MORGAN MID CAP VAL P 2012-12-13 2013-04-19
JP MORGAN MID CAP VAL P 2004-01-09 2013-04-19
JP MORGAN CHASE & CO P 2009-11-18 2013-04-03
NOVARTIS AG ADR P 2007-04-11 2013-04-03
NOVARTIS AG ADR P 2007-08-01 2013-04-03
OAKMARK INTERNATL FD P 2002-08-09 2013-04-19
PIMCO EMERG MKTS BD P 2012-07-17 2013-04-01
ROYCE PENNSYLVANIS MUT P 2003-05-28 2013-04-19
TWEEDY BROWN GLOBAL VAL P 2003-10-23 2013-04-19
TWEEDY BROWN GLOBAL VAL P 2008-12-30 2013-04-19
TWEEDY BROWN GLOBAL VAL P 2010-12-30 2013-04-19
TWEEDY BROWN GLOBAL VAL P 2011-12-29 2013-04-19
TWEEDY BROWN GLOBAL VAL P 2012-12-27 2013-04-19
ACCENTURE PLC P 2005-08-09 2013-05-16
BOEING CO P 2011-02-10 2013-05-16
BOEING CO P 2010-11-15 2013-05-16
JP MORGAN MID CAP VAL P 2004-01-09 2013-05-14
MLN GOLDMAN SACHS GROUP P 2008-04-30 2013-05-07
MLN GOLDMAN SACHS GROUP P 2008-04-30 2013-05-07
WALT DISNEY CO P 2011-02-10 2013-05-16
WALT DISNEY CO P 2011-02-10 2013-05-16
IVY ASSET STRATEGY FD P 2012-01-23 2013-06-27
IVY ASSET STRATEGY FD P 2012-02-23 2013-06-27
IVY ASSET STRATEGY FD P 2012-07-17 2013-06-27
DIV CAP DIVERS PROP E P 2006-11-29 2013-07-02
INTEL CORP P 2010-04-22 2013-07-01
INTEL CORP P 2010-09-16 2013-07-01
INTEL CORP P 2011-04-08 2013-07-01
BERKSHIRE HATHAWAY INC P 2011-02-10 2013-08-22
BERKSHIRE HATHAWAY INC P 2009-11-18 2013-08-22
JP MORGAN CHASE & CO P 2009-11-18 2013-08-22
MERGER FD SH BEN INT P 2012-01-23 2013-08-20
MERGER FD SH BEN INT P 2012-02-23 2013-08-20
MERGER FD SH BEN INT P 2012-07-17 2013-08-20
POWERSHARES LISTED PEQ P 2009-11-18 2013-08-22
POWERSHARES LISTED PEQ P 2012-02-23 2013-08-22
TEVA PHARMACEUTICAL IND P 2009-11-18 2013-08-22
TEVA PHARMACEUTICAL IND P 2012-11-29 2013-08-22
TEVA PHARMACEUTICAL IND P 2013-03-28 2013-08-22
  P    
  P    
DIV CAP DIVERS PROP E P 2006-11-29 2013-10-02
JOHNSON CONTROLS INC P 2011-04-08 2013-11-27
MCKESSON CORP P 2012-11-29 2013-11-27
ACCENTURE PLC P 2005-08-09 2013-12-13
ACCENTURE PLC P 2005-08-09 2013-12-13
AFFILIATED MNGRS GROUP P 2012-01-23 2013-12-13
AFLAC INC P 2007-04-11 2013-12-13
ANHEUSER-BUSCH INBEV P 2007-12-11 2013-12-13
APACHE CORP P 2006-06-13 2013-12-13
APPLE INC P 2013-04-17 2013-12-13
BAXTER INTL INC P 2013-08-19 2013-12-13
BERKSHIRE HATHAWAY INC P 1919-11-18 2013-12-13
BHP BILLITON LTD ADR P 2011-05-20 2013-12-13
BOEING CO P 2010-11-15 2013-12-13
CAPITAL ONE FIN CORP P 2010-04-22 2013-12-13
CELANESE CORP P 2011-04-22 2013-12-13
CHEVRON CORP P 2011-05-20 2013-12-13
CISCO SYSTEMS INC P 2011-02-17 1931-01-21
CME GROUP INC P 2011-07-17 2013-02-13
COACH INC P 2013-02-08 2013-06-08
CUMMINS P 2013-11-22 2013-12-13
CVS/CAREMARK CORP P 2013-03-28 2013-12-13
DIAGEO PLC ADR P 2008-05-22 2013-12-13
EMC CORP MASS P 2010-04-22 2013-12-13
EMC CORP MASS P 2010-04-22 2013-12-13
EATON CORP PLC P 2012-12-11 2013-12-13
FORTUNE BRANDS HOME & SEC P 2013-11-22 2013-12-13
GCB LLOYDS TSB BK PLC P 2011-02-17 2013-12-13
GILEAD SCIENCES INC P 2013-03-28 2013-12-13
GOOGLE INC P 2012-07-17 2013-12-13
HOME DEPOT INC P 2009-11-18 2013-12-13
HSBC - ADR P 2013-08-18 2013-12-13
INTERNATL BUS MACH P 2013-06-26 2013-12-13
ISHARES TIPS BOND ETF P 2009-11-18 2013-12-13
ISHARES TIPS BOND ETF P 2010-04-22 2013-12-13
ISHARES TIPS BOND ETF P 2013-06-26 2013-12-13
ISHARES TIPS BOND ETF P 2013-08-19 2013-12-13
JOHNSON CONTROLS INC P 2011-04-08 2013-12-13
JOHNSON CONTROLS INC P 2011-07-27 2013-12-13
JP MORGAN CHASE & CO P 2009-11-18 2013-12-13
MCKESSON CORP P 2012-11-29 2013-12-13
MICROSOFT CORP P 2001-08-15 2013-12-13
MONSTER BEVERAGE CORP P 2012-11-29 2013-12-13
NATIONAL OILWELL INC P 2013-08-19 2013-12-13
NESTLE SA REG SHS ADR P 2011-05-20 2013-12-13
ORACLE CORPORATION P 2010-11-19 2013-12-13
SCHLUMBERGER LTD P 2011-08-29 2013-12-13
SCHLUMBERGER LTD P 2010-11-03 2013-12-13
TARGET CORP P 2012-05-17 2013-12-13
THERMO FISHER SCIENTIFIC P 2008-05-22 1931-12-13
THERMO FISHER SCIENTIFIC P 2009-11-18 2013-12-13
TJX COS INC NEW P 2012-05-17 2013-12-13
TOTAL SA ADR P 2012-07-17 2013-12-13
UNION PACIFIC CORP P 2010-06-24 2013-12-13
UNITED PARCEL SERVICE P 2010-08-24 2013-12-13
UNITEDHEALTH GROUP INC P 2013-03-28 2013-12-13
US BANCORP DEL NEW P 2011-05-20 2013-12-13
WALT DISNEY CO P 2011-02-10 2013-12-13
3M COMPANY P 2011-02-10 2013-12-13
  P    
Capital Gains Dividends P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 8,422   8,768 -346
b 5,653   5,015 638
c 4,123   3,430 693
d 632   676 -44
e 7,688   7,974 -286
3,417   3,757 -340
11,335   6,929 4,406
1,511   1,094 417
8,200   7,120 1,080
28,033   25,000 3,033
2,748   2,640 108
10,324   10,000 324
7,810   5,708 2,102
5,459   3,495 1,964
578   529 49
1,963   1,205 758
2,367   2,169 198
355   275 80
12,053   9,111 2,942
30,000   18,568 11,432
10,000   9,877 123
15,000   8,967 6,033
46,775   34,634 12,141
6,221   3,906 2,315
122   117 5
1,376   1,208 168
5,342   5,021 321
4,010   1,259 2,751
2,373   1,816 557
949   634 315
25,000   14,579 10,421
49,240   50,000 -760
96,962   100,000 -3,038
3,358   2,164 1,194
672   385 287
22,021   20,000 2,021
26,095   25,000 1,095
11,270   10,000 1,270
8,235   10,323 -2,088
8,375   8,221 154
5,025   3,935 1,090
3,589   3,029 560
1,958   1,434 524
2,304   1,383 921
3,139   2,603 536
20,539   20,000 539
25,462   25,000 462
10,114   10,000 114
40,205   32,789 7,416
11,487   9,350 2,137
8,354   10,954 -2,600
1,639   1,654 -15
1,999   1,973 26
      0
      0
3,220   4,019 -799
10,090   8,181 1,909
4,886   2,814 2,072
1,512   504 1,008
151   50 101
2,036   1,013 1,023
1,589   1,150 439
1,328   799 529
1,234   829 405
2,830   2,005 825
1,281   1,281 0
1,390   830 560
1,404   1,956 -552
2,280   1,078 1,202
1,457   891 566
1,593   1,478 115
1,484   1,228 256
2,200   1,948 252
1,519   992 527
1,176   1,031 145
1,332   1,298 34
1,631   1,319 312
1,395   864 531
94   79 15
1,650   953 697
1,370   996 374
988   981 7
32,398   30,325 2,073
1,384   934 450
2,178   1,141 1,037
1,261   435 826
1,027   1,047 -20
1,594   1,755 -161
16,602   15,865 737
11,068   10,514 554
11,068   11,071 -3
5,534   5,511 23
257   205 52
1,183   856 327
1,817   1,388 429
1,915   1,126 789
1,754   1,480 274
1,516   1,237 279
1,109   1,009 100
1,390   1,188 202
1,640   1,321 319
874   772 102
1,312   1,075 237
1,012   886 126
509   175 334
1,323   692 631
1,557   1,039 518
1,627   1,233 394
1,955   862 1,093
1,832   1,354 478
1,555   1,192 363
1,697   1,111 586
1,714   925 789
1,790   1,266 524
      0
22,719     22,719
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       -346
b       638
c       693
d       -44
e       -286
      -340
      4,406
      417
      1,080
      3,033
      108
      324
      2,102
      1,964
      49
      758
      198
      80
      2,942
      11,432
      123
      6,033
      12,141
      2,315
      5
      168
      321
      2,751
      557
      315
      10,421
      -760
      -3,038
      1,194
      287
      2,021
      1,095
      1,270
      -2,088
      154
      1,090
      560
      524
      921
      536
      539
      462
      114
      7,416
      2,137
      -2,600
      -15
      26
      0
      0
      -799
      1,909
      2,072
      1,008
      101
      1,023
      439
      529
      405
      825
      0
      560
      -552
      1,202
      566
      115
      256
      252
      527
      145
      34
      312
      531
      15
      697
      374
      7
      2,073
      450
      1,037
      826
      -20
      -161
      737
      554
      -3
      23
      52
      327
      429
      789
      274
      279
      100
      202
      319
      102
      237
      126
      334
      631
      518
      394
      1,093
      478
      363
      586
      789
      524
      0
      22,719
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 2 125,937
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 148,461 2,756,369 0.053861
2011 148,650 2,849,521 0.052167
2010 143,099 2,659,116 0.053815
2009 128,357 2,368,242 0.054199
2008 151,103 2,950,017 0.051221
2 Total of line 1, column (d) ...................... 2 0.265263
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 0.053053
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,935,545
5 Multiply line 4 by line 3....................... 5 155,739
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,955
7 Add lines 5 and 6......................... 7 157,694
8 Enter qualifying distributions from Part XII, line 4.............. 8 157,927
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 1,955
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,955
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,955
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,440
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 1,440
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 515
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (515) 245-3217
    Located atbullet666 WALNUT STREETDES MOINESIA ZIP+4bullet50309
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
    WELLS FARGO BANK NA CUSTODIAN
    2.00     		0 0 0
    1919 DOUGLAS ST 2ND FLR MAC
    N8000-027
    OMAHA,NE68102
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    146,777
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,955
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,955
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    144,822
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    144,822
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    144,822
    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 7 144,822
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 5,474
    b From 2009....... 11,401
    c From 2010....... 12,633
    d From 2011....... 9,164
    e From 2012....... 13,477
    fTotal of lines 3a through e......... 52,149
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 157,927
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 144,822
    e Remaining amount distributed out of corpus 13,105
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 65,254
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		5,474
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		59,780
    10 Analysis of line 9:
    a Excess from 2009.... 11,401
    b Excess from 2010.... 12,633
    c Excess from 2011.... 9,164
    d Excess from 2012.... 13,477
    e Excess from 2013.... 13,105
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MARSHALLTOWN COMMUNITY COLLEGE FOUNDATION
    3700 S CENTER STREET
    MARSHALLTOWN,IA50158     		NONE PRIVATE FOUNDATION EDUCATION - SUPPORT COMMUNITY COLLEGE 49,435
    UNITED WAY OF MARSHALLTOWN
    709 S CEDAR STREET
    MARSHALLTOWN,IA50158     		NONE PUBLIC CHARITY CHARITABLE - PUBLIC WELFARE 49,435
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PRIVATE FOUNDATION EDUCATION - SUPPORT COMMUNITY COLLEGE 49,435
    Total .................................bullet 3a 148,305
    bApproved for future payment
    Total .................................bullet 3b 0
    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 79,169  
    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.....     14    
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 125,937  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL TAX REFUND     01 143  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 205,249 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13205,249
    (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:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      670 335   335

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Name of Bond End of Year Book Value End of Year Fair Market Value
    EI DU POINT DE NEMOURS 7/18 24,990 29,023
    GENERAL ELEC CAP CORP 5/1/18 49,866 57,419
    HEWLETT PACKARD CO 3/1/14 24,890 25,212
    PEPSI BOTTLING GROUP 3/15/14 24,948 25,325
    CHARLES SCHWAB CORP 7/22/20 49,936 54,049
    BERKSHIRE HATHAWAY 4.5% 1/15/21 29,654 31,881
    NATL RURAL UTIL 5.45% 4/10/17 33,010 33,424
    SHELL INTL FIN 3.1% 6/28/15 30,676 31,133
    SYSCO CORP 5.25% 2/12/18 32,687 33,592
    BANK OF MONTREAL 1/11/17 30,745 30,903
    BP CAPITAL MARKETS 5/5/17 30,021 30,301

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TARGET CORP 4,031 9,427
    APACHE CORP 8,049 11,688
    MICROSOFT CORP 12,415 16,423
    ACCENTURE LTD 5,223 17,102
    CVS/CAREMARK CORP 6,570 16,175
    EMC CORP MASS 9,616 17,756
    AFLAC INC 9,815 15,097
    DIAGEO PLC ADR 7,639 14,434
    THERMO FISHER SCIENTIFIC 7,801 18,818
    HOME DEPOT INC 4,183 12,680
    BERKSHIRE HATHAWAY INC 8,159 13,990
    JP MORGAN CHASE & CO 11,998 18,012
    APPLE INC 11,224 25,246
    CAPITAL ONE FINANCIAL CORP 7,966 14,556
    BOEING CO 10,032 22,248
    UNION PACIFIC CORP 8,334 19,488
    ORACLE CORPORATION 12,588 17,140
    SCHLUMBERGER LTD 16,650 21,176
    WALT DISNEY CO 7,359 17,266
    TJX COS INC NEW 6,592 14,977
    CHEVRON CORP 12,025 14,739
    US BANCORP DEL NEW 10,188 16,443
    JOHNSON CONTROLS INC 8,092 13,954
    3M COMPANY COM 12,121 18,794
    CISCO SYSTEMS INC 18,100 22,340
    CELANESE CORP 12,301 15,044
    BHP BILLITON LTD ADR 16,115 13,572
    NESTLE SA REG SHS ADR 11,132 13,099
    MONSTER BEVERAGE CORP 11,352 15,316
    AFFILIATED MGR GROUP INC 9,619 20,604
    CME GROUP INC 9,451 14,201
    MCKESSON CORP 11,068 19,045
    UNITED PARCEL SERVICE 12,565 17,548
    GOOGLE INC 10,274 20,173
    ANHEUSER-BUSCH LTD 7,804 13,520
    EATON CORP PLC 9,352 13,702
    TOTAL SA ADR 11,973 16,665
    COACH INC 9,769 11,170
    NATL OILWELL VARCO INC 9,807 10,816
    BAXTER INTL INC 12,890 12,589
    GILEAD SCIENCES INC 8,195 13,593
    UNITEDHEALTH GROUP INC 10,917 14,985
    CUMMINS INC 12,976 14,097
    FORTUNE BRANDS HOME & SEC 8,866 9,917
    INTL BUSINESS MACH CORP 17,565 17,069
    HSBC - ADR 9,729 9,979

    TY 2013 InvestmentsOtherSchedule2
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OAKMARK INTERNATIONAL FUND AT COST 33,956 68,759
    ROYCE PENNSYLVANIA MUTAL FD AT COST 58,940 98,704
    JP MORGAN MID CAP VALUE AT COST 28,094 51,482
    DODGE & COX INTL STOCK FD AT COST 76,226 109,333
    VANGUARD REIT VIPER AT COST 18,625 45,192
    DODGE & COX INCOME FUND AT COST 80,653 84,271
    PIMCO FOREIGN BOND UNHEDGED AT COST 60,872 59,775
    PRINCIPAL PREFERRED SEC INS AT COST 85,000 82,935
    PIMCO EMERGING MKTS BOND AT COST 85,123 80,065
    T ROWE PRICE EMERG MKTS EQ AT COST 60,000 67,340
    ARTISAN INTL FUND AT COST 65,000 66,825
    ELI INTL PROPERTY AT COST 65,000 72,123
    PRINCIPAL INV RE SEC AT COST 20,000 22,039
    EATON VANCE FLOATING RATE AT COST 49,961 50,349
    PIMCO HI YIELD FD INST AT COST 75,000 76,916
    PIMCO LOW DURATION FUND AT COST 65,916 64,959
    PIMCO FOREIGN BOND HEDGED AT COST 55,000 53,025
    ARTISAN MID CAP VALUE AT COST 60,000 90,909
    FEDERATED STRATEGIC VALUE AT COST 55,000 62,451
    FIRST EAGLE OVERSEAS FD AT COST 30,000 33,329
    ARBITRAGE FUND CLASS I AT COST 30,000 29,563
    DIVIDEND CAP DIV PROP AT COST 31,233 25,266
    ELEMENTS ROGERS TOTAL RET AT COST 53,299 49,020
    ISHARES GOLD TRUST AT COST 30,680 23,360
    DREMAN CONTR SM CAP VAL AT COST 15,000 16,510
    EDGEWOOD GROWTH INSTL AT COST 25,000 31,549
    ISHARES MSCI BRAZIL CPPD AT COST 14,038 11,170
    ISHARES MSCI TAIWAN ETF AT COST 13,570 14,420
    TEMPLETON FRONTIER MKTS AT COST 25,000 26,993
    VANGUARD FTSE EMRG MKTS AT COST 49,282 49,368
    AQR MNG FUTURES STRAT AT COST 40,000 41,540
    ASG GLOBAL ALT FD CL Y AT COST 40,000 39,806
    DRIEHAUS ACTIVE INCOME FD AT COST 85,000 84,909
    ROBECO BOSTON PTRS LONG/SH AT COST 40,000 42,477
    SPDR DJ WILSHIRE INTL RE AT COST 30,128 28,840

    TY 2013 OtherAssetsSchedule
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS 1,694 2,101  


    TY 2013 OtherExpensesSchedule
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES 18 0   0


    TY 2013 OtherIncomeSchedule2
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 143   143


    TY 2013 TaxesSchedule
    Name:
    E LESTER WILLIAMS AND FRANCES M WILLIAMS
    CHARITABLE TRUST
    EIN: 42-6610647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 878 0   0