Frada Fine Scholarship Fund — Form 990PF, tax year 2013

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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 04-01-2013 , and ending 03-31-2014
Name of foundation
FRADA FINE SCHOLARSHIP FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)148 SOUTH QUEEN STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARTINSBURG, WV25401
A Employer identification number

55-6164208
B Telephone number (see instructions)

(304) 264-2263
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$4,914,339J 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 43,849 43,849 43,849
4 Dividends and interest from securities...... 89,858 89,858 89,858
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 112,309
b Gross sales price for all assets on line 6a 1,021,015
7 Capital gain net income (from Part IV, line 2)... 15,293
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 246,016 149,000 133,707
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,457     3,457
b Accounting fees (attach schedule)....... Click to see attachment 5,610     5,610
c Other professional fees (attach schedule).... Click to see attachment 57,128 28,654   28,654
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 7,369 7,369    
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 303     303
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,867 36,023   38,024
25 Contributions, gifts, grants paid........ 288,704 288,704
26 Total expenses and disbursements. Add lines 24 and 25 362,571 36,023   326,728
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -116,555
b Net investment income (if negative, enter -0-) 112,977
c Adjusted net income (if negative, enter -0-)... 133,707
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............... 495 28,917 29,375
2 Savings and temporary cash investments.......... 139,571 209,786 209,786
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) 400,540 Click to see attachment300,691 315,471
b Investments—corporate stock (attach schedule)........ 1,660,371 Click to see attachment1,540,137 2,541,173
c Investments—corporate bonds (attach schedule)........ 1,606,750 Click to see attachment1,690,155 1,721,449
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 161,937 Click to see attachment83,423 97,085
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,969,664 3,853,109 4,914,339
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,969,664 3,853,109
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,969,664 3,853,109
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,969,664 3,853,109
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 3,969,664
2 Enter amount from Part I, line 27a..................... 2 -116,555
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,853,109
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,853,109
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 15,293
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 277,351 4,609,528 0.060169
2011 334,083 4,639,689 0.072005
2010 297,761 4,772,562 0.062390
2009 300,007 4,652,830 0.064478
2008 336,527 4,526,052 0.074353
2 Total of line 1, column (d) ...................... 2 0.333395
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 0.066679
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 4,798,316
5 Multiply line 4 by line 3....................... 5 319,947
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,130
7 Add lines 5 and 6......................... 7 321,077
8 Enter qualifying distributions from Part XII, line 4.............. 8 326,728
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 1,130
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,130
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 1,130
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 3,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,200
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,070
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet1,200 RefundedBullet 11 870
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWV
    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
     
     
    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 ofbulletMARTIN KEESECKER Telephone no.bullet (304) 264-2263
    Located atbullet148 S QUEEN STMARTINSBURGWV ZIP+4bullet25401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
     
    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
    BRANCH BANKING & TRUST COMPANYClick to see attachment TRUST OFFICE
    0.00     		0 0 0
    148 SOUTH QUEEN STREET
    MARTINSBURG,WV25401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BRANCH BANKING & TRUST CO
    TRUST DEPARTMENT     		TRUST MANAGEMEN 57,128
    148 SOUTH QUEEN STREET
    MARTINSBURG,WV25401
    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 AWARDING OF SCHOLARSHIPS TO SHEPHERD UNIVERSITY TO GRADUATES OF MARTINSBURG HIGH SCHOOL 253,368
    2 GRANT TO EASTERN WEST VIRGINIA COMMUNITY FOUNDATION - FRADA FINE EDUCATION FUND FOR EDUCATIONAL SCHOLARSHIPS. 26,336
    3 SCHOLARSHIP ADWARD TO BLUE RIDGE CTC 9,000
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    239,916
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,130
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,130
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    238,786
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    238,786
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    238,786
    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 7 238,786
    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....... 112,964
    b From 2009....... 69,831
    c From 2010....... 61,275
    d From 2011....... 104,847
    e From 2012....... 49,762
    fTotal of lines 3a through e......... 398,679
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 326,728
    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..... 238,786
    e Remaining amount distributed out of corpus 87,942
    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 5 486,621
    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) ...     		112,964
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		373,657
    10 Analysis of line 9:
    a Excess from 2009.... 69,831
    b Excess from 2010.... 61,275
    c Excess from 2011.... 104,847
    d Excess from 2012.... 49,762
    e Excess from 2013.... 87,942
    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
    BLUE RIDGE COMMUNITY & TECHCOLLEGE
    13650 APPLE HARVEST DRIVE
    MARITNSBURG,WV25401     		NONE 509(A)1 TUTION 6,000
    EASTERN WV COMMUNITY FOUN
    229 EAST MARTIN ST SUITE
    MARTINSBURG,WV25401     		NONE 509(A)2 CHARITABLE EDUCATION 26,336
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 131,376
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 121,992
    BLUE RIDGE COMMUNITY & TECH COLLEGE
    OFFICE OF FINANCIAL AID
    MARTINSBURG,WV25405     		NONE 509(A)1 TUTION 3,000
    Total .................................bullet 3a 288,704
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    25 43,849  
    4 Dividends and interest from securities....     25 89,858  
    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 .............     		        112,309
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   133,707 112,309
    13Total. Add line 12, columns (b), (d), and (e)..................
    13246,016
    (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:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,610     5,610

    TY 2013 CompensationExplanation
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Person Name Explanation
    BRANCH BANKING TRUST COMPANY  

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

    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    100 SHS CENTENE CORP 2012-10 PURCHASE 2013-05   5,142 3,874     1,268  
    150 SHS COLUMBIA SPORTSWEAR CO 2013-05 PURCHASE 2013-09   9,071 9,244     -173  
    270 SHS FANUC LTD ADR 2012-10 PURCHASE 2013-05   7,384 7,255     129  
    10095.431 SHS FIDEDILTY ADVISOR STRA 2013-01 PURCHASE 2013-09   124,880 129,625     -4,745  
    310 SHS ICICI BANK LIMITED SPONS ADR 2012-10 PURCHASE 2013-09   9,770 12,504     -2,734  
    3077.221 SHS LAZARD EMERGING MKTS PO 2013-05 PURCHASE 2013-09   49,295 50,698     -1,403  
    550 SHS MARKET VECTORS ETF 2013-05 PURCHASE 2013-08   15,625 15,367     258  
    210 SHS NUCOR CORP 2013-05 PURCHASE 2013-09   10,287 9,714     573  
    60 SHS OCCIDENTAL PERTROLEIM CORP CO 2013-05 PURCHASE 2013-09   5,638 5,528     110  
    60 SHS PERRIGO COMPANY 2013-09 PURCHASE 2013-12   9,133 7,368     1,765  
    60 SHS PHILLIP MORRIS INTERNATIONAL 2013-05 PURCHASE 2013-09   5,228 5,677     -449  
    260 SHS POTASH CORP SASKATCHEWAN 2013-05 PURCHASE 2013-09   8,196 10,983     -2,787  
    950 SHS SMITHFIELD FOODS INC COMMON 2012-10 PURCHASE 2013-09   32,300 19,788     12,512  
    2080 SHS TURKIYE GARANTI BANKASI 2012-10 PURCHASE 2013-09   8,476 9,880     -1,404  
    130 SHS VALERO ENERGY CORP 2013-05 PURCHASE 2013-09   4,456 5,341     -885  
    560 SHS VOLVO AKTIEBOLAGET 2011-09 PURCHASE 2013-05   6,673 5,090     1,583  
    .697 SHS BROOKFIELD PROPERTY PARTNER 2013-04 PURCHASE 2013-05   16 15     1  
    .209 SHS BROOKFIELD PROPERTY PARTNER 2013-04 PURCHASE 2013-08   4 5     -1  
    10 SHS BROOKFIELD PROPERTY PARTNERS 2013-04 PURCHASE 2013-08   190 219     -29  
    220 SHS NIELSON HOLDINGS N.V. 2012-04 PURCHASE 2013-05   6,982 5,113     1,869  
    270 SHS QIAGEN N.V. 2013-01 PURCHASE 2013-05   5,122 5,044     78  
    200 SHS AT&T INC COMMON 2012-02 PURCHASE 2013-09   6,825 5,986     839  
    120 SHS AMETEK INC COMMON 2011-12 PURCHASE 2013-05   5,227 3,380     1,847  
    140 SHS ANSYS INC COMMON 2009-04 PURCHASE 2013-05   10,476 6,194     4,282  
    230 SHS ASPEN TECH COMMON 2011-09 PURCHASE 2013-05   7,054 3,772     3,282  
    470 SHS ASSA ABLOY AB 2012-07 PURCHASE 2013-08   10,030 6,608     3,422  
    60 SHS BASF AG SPONSORED ADR COMMON 2012-02 PURCHASE 2013-05   5,813 4,880     933  
    110 SHS BT GROUP PLC ADR 2011-09 PURCHASE 2013-05   5,293 2,875     2,418  
    250 SHS BARCLAY PLC 2011-09 PURCHASE 2013-05   5,014 2,370     2,644  
    190 SHS BROOKFIELD ASSET MANAGEMENT 2011-09 PURCHASE 2013-05   7,189 5,271     1,918  
    160 SHS CARNIVAL PLC 2012-04 PURCHASE 2013-05   5,486 5,210     276  
    320 SHS CENOVUS ENERGY INC. 2010-10 PURCHASE 2013-05   9,656 8,946     710  
    160 SHS COCA-COLA CO COMMON 2011-12 PURCHASE 2013-09   6,157 5,342     815  
    120 SHS DBS GROUP HLDGS LTD 2012-02 PURCHASE 2013-05   6,549 5,256     1,293  
    40 SHS DAVITA INC, 2012-12 PURCHASE 2013-05   5,089 2,999     2,090  
    100,000 UNITS WALT DISNEY   PURCHASE 2013-10   100,818 102,680     -1,862  
    260 SHS DISH NETWORK CORP A COMMON 2011-12 PURCHASE 2013-05   10,262 6,849     3,413  
    180 SHS DOW CHEMICAL CO COMMON 2011-09 PURCHASE 2013-05   6,435 4,698     1,737  
    140 SHS ELIZABETH ARDEN, INC, 2012-07 PURCHASE 2013-08   4,852 5,348     -496  
    90 SHS EXPRRESS SCRIPTS HOLDING CO C 2011-12 PURCHASE 2013-05   5,647 4,105     1,542  
    60 SHS EXXON MOBILE CORPORATION COMM 2011-12 PURCHASE 2013-05   5,578 4,846     732  
    60 SHS EXXON MOBILE CORPORATION COMM 2011-12 PURCHASE 2013-09   5,222 4,846     376  
    100,000 UNITS FEDERAL HOME LOAN NTG 2006-11 PURCHASE 2013-11   100,000 99,849     151  
    70 SHS FEDERAL REALTY INVESTORS COMM 2012-02 PURCHASE 2013-05   8,185 6,775     1,410  
    50 SHS FEDEX CORPORATION COMMON 2010-10 PURCHASE 2013-09   5,684 4,005     1,679  
    610 SHS FOREST CITY ENTERPRISES 2011-12 PURCHASE 2013-05   12,361 7,430     4,931  
    200 SHS GENERAL ELECTRIC CO COM STK 2009-02 PURCHASE 2013-09   4,826 2,316     2,510  
    10 SHS GOOGLE INC COMMON 2011-06 PURCHASE 2013-05   9,014 5,292     3,722  
    1160 SHS GRAPHIC PACKAGING HOLDING C 2011-09 PURCHASE 2013-05   9,096 4,373     4,723  
    140 SHS J. B. HUNT 2011-09 PURCHASE 2013-05   10,764 5,489     5,275  
    380 SHS J P MORGAN CHASE & CO COMMON 2009-09 PURCHASE 2013-09   19,646 16,126     3,520  
    350 SHS KEPPEL CORP LTD SPONS ADR 2009-04 PURCHASE 2013-05   6,272 3,397     2,875  
    290 SHS LASALLE HOTEL PPTYS COM SH 2011-09 PURCHASE 2013-05   8,021 5,260     2,761  
    3077.221 SHS LAZARD EMERGING MKTS PO   PURCHASE 2013-09   10,157 9,681     476  
    70 SHS MSC INDUSTRIAL DIRECT INC CLA 2011-12 PURCHASE 2013-05   5,890 4,752     1,138  
    170 SHS STEVEN MADDEN LTD COMMON 2012-07 PURCHASE 2013-09   9,183 5,619     3,564  
    190 SHS THE MEN'S WEARHOUSE INC COMM 2012-07 PURCHASE 2013-09   6,475 5,038     1,437  
    210 SHS MONOTYPE IMAGING HOLDINGS IN 2009-04 PURCHASE 2013-05   4,801 858     3,943  
    90 SHS NESTEL SA ADR 2002-02 PURCHASE 2013-05   6,176 5,329     847  
    40 SHS NOVO-NORDISK A S ADR 2012-04 PURCHASE 2013-05   6,840 5,881     959  
    120 SHS LUKOIL COMMON 2009-09 PURCHASE 2013-05   7,958 6,336     1,622  
    3732.123 SHS PIMCO COMMODITY REAL R 2009-09 PURCHASE 2013-09   21,422 28,140     -6,718  
    6680.824 SHS PIMCO COMMODITY REAL RE 2009-09 PURCHASE 2013-12   37,145 50,373     -13,228  
    80 SHS T ROWE PRICE GROUP INC. 2011-12 PURCHASE 2013-09   5,792 4,681     1,111  
    90 SHS QUALCOMM INC. COMMON 2011-09 PURCHASE 2013-05   5,919 4,712     1,207  
    80 SHS ROYAL DUTCH SHELL PLC 2012-07 PURCHASE 2013-09   5,266 5,359     -93  
    300 SHS SLM CORPORATION COMMON 2010-10 PURCHASE 2013-05   6,899 3,622     3,277  
    290 SHS SANOFI SYNTHELABO SA-ADR 2012-02 PURCHASE 2013-05   16,048 10,753     5,295  
    60 SHS SIEMENS AG SPONSORED ADR 2012-02 PURCHASE 2013-05   6,335 5,805     530  
    89 SHS STARZ-LIBERTY CAPITAL COMMON 2011-02 PURCHASE 2013-08   2,196 842     1,354  
    150 SHS STRYKER CORP COMMON 2011-12 PURCHASE 2013-05   10,347 7,173     3,174  
    160 SHS SUNCOR EMERGY INC, 2009-09 PURCHASE 2013-05   5,081 4,893     188  
    250 SHS TARGET CORP COM COMMON 2011-02 PURCHASE 2013-09   15,825 12,662     3,163  
    300 SHS FINA S A SPONSORED 2012-04 PURCHASE 2013-05   15,309 14,426     883  
    440 SHS VALE SA SP PREF ADR 2009-04 PURCHASE 2013-05   6,719 5,949     770  
    560 SHS VOLVO AKTIEBOLAGET ADR B   PURCHASE 2013-05   1,631 1,145     486  
    170 SHS JOHN WILEY & SONS INC. CLASS 2009-04 PURCHASE 2013-05   6,642 5,647     995  
    170 SHS WYNDHAM WORLDWIDE COMMON 2011-06 PURCHASE 2013-05   10,502 5,219     5,283  
    240 SHS ZURICH INSURANCE GROUP 2011-12 PURCHASE 2013-05   6,355 5,455     900  
    210 SHS TE CONNECTIVITY LTD 2011-10 PURCHASE 2013-05   9,702 6,672     3,030  
    220 SHS NIELSON HOLDINGS N.V.   PURCHASE 2013-05   698 579     119  

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS GROUP INC DTD 11/15/02 97,373 103,097
    WALT DISNEY COMPANY DTD 12/22/08 4.5    
    PIMCO FOREIGN BOND FUND - CLASS I NO 429,578 460,740
    BEAR STEARNS CO INC 10/31/05 5.3% 80,351 80,124
    DODGE & COX INCOME FUND 147 759,983 763,389
    FIDELITY ADVISOR STRATEGI INC FD 322,870 314,099

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD SPONS ADR 3,172 7,221
    AGCO CORPORATION COMMON 24,191 27,028
    AGRIUM INC 4,608 11,702
    AIA GROUP LTD 7,318 8,919
    ALLIANZ COMMON 10,346 18,264
    ALLIED WORLD ASSURANCE HOLDINGS LTD 4,080 9,287
    AMERICAN EXPRESS COMPANY COMMON 5,737 12,604
    AMETEK INC COMMON 4,918 14,675
    AMPHENOL CORP CL A 8,878 25,662
    ANADARKO PETE CORP. COMMON 11,223 13,138
    ANSYS INC COMMON    
    APPLE COMPUTER CORPORATION COMMON    
    APPLE INC COMMON 40,857 56,358
    ARM HOLDINGS PLC - SPONS ADR 18,547 32,621
    ASPEN TECH COMMON    
    ASSA ABLOY AB    
    AT&T INC 9,119 11,573
    ATLAS COPCO AB SPONS 2,688 8,746
    BAE SYS PLC SPONSORED ADR 5,122 7,458
    BAIDU.COM INC 9,122 9,136
    BARCLAYS PLC- SPONS ADR COMMON 2,655 4,396
    BASF AG SPONSORED ADR COMMON 3,680 6,672
    BAYER A G SPONSORED ADR 5,256 13,532
    BAYERISCHE MOTOREN WERKE UNSPONS ADR 5,032 6,735
    BERKSHIRE HATHAWAY INC DEL CL B COMM 8,420 18,746
    BOC HONG KONG HOLDINGS LTD 5,426 10,826
    BRITISH AMERICAN TOB COMMON 11,787 27,858
    BROADRIDGE FINANCIAL SOLUTIONS LLC 17,698 28,226
    BROOKFIELD ASSET MANAGEMENT INC    
    BT GROUP PLC ADR 4,967 12,132
    BUNGE LIMITED 7,209 7,951
    CARNIVAL PLC    
    CENOVUS ENERGY INC    
    CENTENE CORP 26,731 42,953
    CHEVRON CORP COMMON 10,354 19,026
    CHICAGO BRIDGE & IRON CO NV 22,768 50,547
    CHURCH & DWIGHT CO., INC COMMON 6,238 9,670
    CIGNA COMMON 5,378 10,885
    CISCO SYSTEMS COMMON 13,053 18,604
    CLEAN HARBORS INC COMMON 5,200 4,931
    COCA COLA COMPANY COMMON 7,979 10,052
    COGNIZANT TECHNOLOGY SOLUTIONS COMMO 14,060 17,204
    COMCAST CORP CLASS A 12,141 29,023
    COMERICA INC COMMON 7,871 15,540
    CONOCOPHILLIPS 1,984 6,683
    CSL LIMITED ADR 11,422 14,829
    CULLEN/FROST BANKERS INC COMMON 8,707 13,180
    CVS CAREMARK CORP COMMON 11,986 24,704
    DAIR LIQUIDE-UNSPONS ADR COMMON 5,775 6,233
    DARLING INTERNATIONAL INC COMMON 13,597 14,815
    DASSAULT SYSTEMS COMMON 8,650 9,376
    DAVITA INC 8,998 16,524
    DBS GROUP HLDGS LTD SPONSORED ADR 10,195 17,487
    DIAGEO PLC SPONSORED ADR 3,209 8,721
    DISH NETWORK CORP A COMMON 5,532 13,064
    DOW CHEMICAL COMMON    
    E I DUPONT DE NEMOURS COMPANY 2,086 7,381
    ELIZABETH ARDEN, INC.    
    EMC CORPORATION COMMON 16,291 18,365
    EMERSON ELECTRIC COMPANY COMMON 2,558 6,012
    EQT CORPORATION COMMON 4,952 8,727
    EXPRESS SCRIPTS COMMON 11,859 19,523
    EXXON MOBIL CORP 13,272 19,536
    FANUC LTD ADR 13,704 15,026
    FEDERAL REALTY INVESTORS COMMON    
    FEDEX CORPORATION COMMON 5,990 10,605
    FINANCIAL SELECT SECTOR SPDR FUND 9,588 18,319
    FLOWSERVE CORP COM 17,262 30,553
    FOMENTO ECONOMICO MEXICANO SA DE CV 4,175 13,054
    FOREST CITY ENTERPRISES-CL A    
    GAZPROM 5,887 4,473
    GENERAL ELECTRIC COMPANY 9,040 27,185
    GOOGLE INC COMMON 17,845 34,550
    GRAPHIC PACKAGING HOLDING CO COMMON    
    HANESBRANDS INC COMMON 7,126 10,707
    HEXCEL CORPORATION 4,952 9,143
    HONDA MTR LTD ADR 10 ORD 5,886 7,421
    HONEYWELL INTERNATIONAL INC 18,290 36,176
    HSBC HLDGS PLC SPONSORED ADR NEW 5,417 6,100
    ICICI BANK LIMITED SPONS ADR    
    IMPERIAL OIL LTD COMMON 6,707 7,914
    INTEL COMMON 6,101 9,035
    INTERNATIONAL BUSINESS MACHINES COMM 9,348 15,399
    ITAU UNIBANCO BANCO MULTIPLO SA 5,784 6,375
    J P MORGAN CHASE & CO COMMON    
    J. B. HUNT 8,234 15,103
    JGC CORPORATION 9,245 10,458
    JOHN WILEY & SONS INC CLASS A    
    JOHNSON & JOHNSON COMMON 7,677 15,226
    KELLOGG COMPANY COMMON 7,948 10,034
    KEPPEL CORP LTD SPONS ADR 7,542 17,613
    KRAFT FOODS INC CLASS A COMMON 1,394 2,973
    LASALLE HOTEL PPTYS COM SH BEN INT    
    LAZARD EMERGING MKTS PORTFOLIO INST 149,741 212,506
    LIBERTY MEDIA CORP - LIBERTY CAPITAL 6,170 11,635
    LONZA GROUP AG ADR 6,164 12,145
    LOWE'S COMPANIES INC COMMON 7,029 16,137
    LUKOIL COMMON    
    LVMH MOET-HENNESSEY UNSPON ADR 5,396 6,547
    MEADWESTVACO CORP COMMON 12,330 15,056
    MEDTRONIC INC. COMMON 8,089 14,770
    MERCK & CO INC 12,402 21,005
    MICROSOFT CORP COMMON 10,121 23,569
    MONDELEZ INTERNATIONAL INC COMMON 2,594 5,528
    MONOTYPE IMAGING HOLDINGS INC COMMON 1,634 12,056
    MONSTER BEVERAGE CARP COMMON 11,707 15,279
    MSC INDUSTRIAL DIRECT INC CLASS A CO    
    NATIONAL GRID GROUP-SPON ADR 6,039 8,249
    NATIONAL OILWELL VARCO I COMMON 25,331 24,918
    NESTLE SA ADR 13,833 32,395
    NEWFIELD EXPLORATION CO COMMON 27,504 33,869
    NIELSON HOLDINGS N.V.    
    NORDSON CORP 11,624 14,098
    NOVARTIS A G ADR 10,150 23,806
    NOVO-NORDISK A S ADR 8,637 13,695
    OIL STATES INTERNATIONAL INC COMMON 5,579 8,874
    ORACLE SYS CORP COMMON 6,075 15,137
    ORIX SPONSORED ADR 6,167 9,866
    PALL CORPORATION COMMON 5,054 8,947
    PENTAIR LTD COMMON 31,415 56,331
    PEPSICO INC COMMON 16,364 24,215
    PERRIGO CO PLC 9,132 9,280
    PETROLEO BRASILEIRO SA PETROBRAS 5,027 3,551
    PFIZER INC COMMON 12,535 23,126
    POLARIS INDUSTRIES INC 2,742 6,986
    POTASH CORP OF SASKATCHEWAN    
    PRICELINE COM INC COMMON 20,179 23,838
    PROASSURANCE CORP COMMON 5,134 8,906
    PROCTER AND GAMBLE 7,155 12,493
    QIAGEN N.V.    
    QUALCOMM INC 14,822 19,715
    RAYONIER INC COMMON 5,777 9,641
    ROCHE HOLDING LTD ADR 13,064 21,749
    ROPER INDS INC COMMON 4,178 13,351
    ROSETTA RESOURCES INC COMMON 6,430 6,987
    ROYAL DUTCH SHELL PLC ADR CL A    
    SAFEWAY INC COMMON 5,854 13,298
    SANOFI SYNTHELABO SA-ADR 10,220 17,775
    SAP AKTIENGESELLSCHAFT ADR 20,528 24,393
    SCHLUMBERGER LTD COMMON 21,126 39,975
    SCHNEIDER ELECTRIC SA UNSPON ADR 15,538 21,108
    SIEMENS AG SPONSORED ADR    
    SIGNET JEWELERS LTD 5,091 11,645
    SLM CORPORATION COMMON    
    SMITHFIELD FOODS INC COMMON    
    STARZ-LIBERTY CAPITAL COMMON    
    STERICYCLE INC COMMON 13,813 13,634
    STEVEN MADDEN LTD COMMON    
    STRYKER CORP COMMON    
    SUNCOR ENERGY INC 7,793 9,439
    SYNGENTA AG ADR 6,389 7,578
    T ROWE PRICE GROUP INC    
    TAIWAN SEMICONDUCTOR 8,112 10,410
    TARGET CORPORATION COMMON    
    TE CONNECTIVITY LTD 7,307 13,848
    TEAM HEALTH HOLDINGD, INC. COMMON 5,289 13,425
    THE BOEING COMPANY CAPITAL 5,034 8,784
    THE MEN'S WEARHOUSE INC. COMMON    
    THE TIMKEN COMPANY COMMON 21,950 33,505
    THE TRAVELERS COMPANIES INC COMMON 7,802 11,914
    THE WALT DISNEY COMPANY COMMON 8,212 36,832
    THOR INDS INC COMMON 12,179 18,318
    TIME WARNER CABLE INC COMMON 8,059 13,718
    TOTAL S A SPONSORED    
    TRINITY INDUSTRIES COMMON 24,887 55,494
    TURKIYE GARANTI BANKASI A.S.    
    UNILEVER PLC-SPONSORED ADR 3,171 7,273
    UNION PACIFIC CORP COMMON 8,151 15,013
    URS CORP NEW 25,317 33,413
    UTILITIES SELECT SECTOR SPDR FUND 6,307 7,877
    VALE SA SP PREF ADR    
    VARIAN MED SYS INC COMMON 13,323 15,118
    VERISK ANALYTICS INC COMMON 11,897 18,588
    VIACOM INC COMMON 4,987 9,349
    VOLVO AKTIEBOLAGET ADR B    
    WELLS FARGO & CO. COMMON 6,553 28,601
    WESTERN UNION COMPANY COMMON 11,432 11,125
    WEYERHAEUSER COMPANY COMMON 5,881 9,979
    WYNDHAM WORLDWIDE CORPORATION COMMON 4,567 10,985
    ZURICH INSURANCE GROUP AG    

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    US Government Securities - End of Year Book Value:

    300,691
    US Government Securities - End of Year Fair Market Value:

    315,471
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2013 InvestmentsOtherSchedule2
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO COMMODITY REAL RETURN STRATEGY AT COST    
    SPDR GOLD TRUST AT COST 2,675 3,708
    COHEN & STEERS REALTY SHARES INST AT COST 80,748 93,377

    TY 2013 LegalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,457     3,457


    TY 2013 OtherExpensesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 26     26
    ADR FEES 277     277


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIDUCIARY FEES 57,128 28,654   28,654


    TY 2013 TaxesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 2,039 2,039    
    FOREIGN TAXES ON QUALIFIED FOREI 843 843    
    FOREIGN TAXES ON NON- QUALIFIED        
    FEDERAL INCOME TAX DEPOSITS 3,200 3,200    
    FEDERAL EXCISE TAX - PRIOR YEAR 1,287 1,287