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
THE HOLLEY FOUNDATION
C/O THE PRIVATE BANK

Number and street (or P.O. box number if mail is not delivered to street address)38505 WOODWARD AVEROOM/SUITE 1300Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI48304
A Employer identification number

38-6055168
B Telephone number (see instructions)

(248) 988-8772
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$3,335,067J 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) 60,057
2 Check bullet
3 Interest on savings and temporary cash investments 9,231 9,231  
4 Dividends and interest from securities...... 47,245 46,893  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 207,626
b Gross sales price for all assets on line 6a 1,074,531
7 Capital gain net income (from Part IV, line 2)... 207,626
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........ 324,159 263,750  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,700     1,700
c Other professional fees (attach schedule).... Click to see attachment 27,249 27,249    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,578 393    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 19,632     19,632
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,320 1,320    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,479 28,962   21,332
25 Contributions, gifts, grants paid........ 132,000 132,000
26 Total expenses and disbursements. Add lines 24 and 25 183,479 28,962   153,332
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 140,680
b Net investment income (if negative, enter -0-) 234,788
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 Savings and temporary cash investments.......... 105,845 72,808 72,808
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) 133,509 Click to see attachment244,796 250,204
b Investments—corporate stock (attach schedule)........ 607,827 Click to see attachment864,518 1,611,692
c Investments—corporate bonds (attach schedule)........ 541,591 Click to see attachment523,543 528,983
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 980,022 Click to see attachment832,654 871,380
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) 2,368,794 2,538,319 3,335,067
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......... 2,368,794 2,538,319
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,368,794 2,538,319
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,368,794 2,538,319
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 2,368,794
2 Enter amount from Part I, line 27a..................... 2 140,680
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 29,034
4 Add lines 1, 2, and 3.......................... 4 2,538,508
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 189
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,538,319
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 PUBLICLY TRADED SECURITIES P    
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 1,070,123   866,905 203,218
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       203,218
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 2 207,626
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 143,055 2,860,325 0.050014
2011 131,505 2,782,085 0.047269
2010 142,170 2,647,631 0.053697
2009 162,599 2,442,917 0.066559
2008 181,841 2,755,288 0.065997
2 Total of line 1, column (d) ...................... 2 0.283536
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 0.056707
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 3,117,462
5 Multiply line 4 by line 3....................... 5 176,782
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,348
7 Add lines 5 and 6......................... 7 179,130
8 Enter qualifying distributions from Part XII, line 4.............. 8 153,332
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 4,696
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 4,696
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 4,696
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 2,876
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,300
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,176
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 62
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 10 418
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet418 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 .Click to see attachment
    8b
     
    No
    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 ofbulletTHE PRIVATE BANK - BRUCE BEAUMONT Telephone no.bullet (248) 988-8772
    Located atbullet38505 WOODWARD AVE STE 1300BLOOMFIELD HILLSMI ZIP+4bullet483045094
    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
    LYNN KRUGMANClick to see attachment PRESIDENT
    10.00     		0 0 0
    19 SCOTTSDALE COURT
    LUTHERVILLE,MD21093
    REV GEORGE HOLLEYClick to see attachment MEMBER/PRGM
    10.00     		0 0 0
    1846 HEYDON COURT
    HENDERSON,NV89014
    CHARLIE KUEHNClick to see attachment TREASURER/TR
    10.00     		0 0 0
    285 WAUWATOSA RD
    CEDARBURG,WI53012
    ANDY KUEHNClick to see attachment SECRETARY/TR
    10.00     		0 0 0
    7620 N FAIRCHILD
    FOX POINT,WI53217
    STEPHEN HOLLEYClick to see attachment 1ST VP/MEMB
    10.00     		0 0 0
    50 RIVER OAKS LANE
    BASALT,CO81621
    GREGG KUEHNClick to see attachment MEMBER
    10.00     		0 0 0
    1756 12TH AVENUE
    1756 12TH AVENUE
    GRAFTON,WI53024
    SEPPE KUEHNClick to see attachment TRUSTEE
    10.00     		0 0 0
    308 W HIGH STREET
    URBANA,IL61801
    BARBARA FRANKClick to see attachment TRUSTEE
    10.00     		0 0 0
    10632 HIDDEN RESERVE CIRCLE
    MEQUON,WI53092
    DAANE DEVRIESClick to see attachment TRUSTEE
    10.00     		0 0 0
    4335 NORTH 78TH STREET APT C-203
    SCOTTSDALE,AZ85251
    BEN DEVRIESClick to see attachment TRUSTEE
    10.00     		0 0 0
    8 RAMONA AVENUE
    SAN FRANCISCO,CA94103
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    155,873
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    4,696
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,696
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    151,177
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    151,177
    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
    151,177
    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 7 151,177
    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....... 45,255
    b From 2009....... 41,655
    c From 2010....... 13,827
    d From 2011.......  
    e From 2012....... 2,913
    fTotal of lines 3a through e......... 103,650
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 153,332
    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..... 151,177
    e Remaining amount distributed out of corpus 2,155
    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 5 105,805
    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) ...     		45,255
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		60,550
    10 Analysis of line 9:
    a Excess from 2009.... 41,655
    b Excess from 2010.... 13,827
    c Excess from 2011....  
    d Excess from 2012.... 2,913
    e Excess from 2013.... 2,155
    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
    INSIDEOUT LIT ART PROJ CARSTENS SC
    13000 ESSEX AVE
    DETROIT,MI482153243     		  EXEMPT WRITER IN RESIDENT AT CARSTENS SCH 15,000
    PROJECT SEED ATTN DAN MULLIGAN
    2111 WOODWARD AVE
    DETROIT,MI482013421     		  EXEMPT 2014 SUMMER SPARK CAMP 20,000
    GLEANERS COMM FOOD BANK OF SE MICH
    2131 BEAUFAIT
    DETROIT,MI482073410     		NONE EXEMPT SUPPORT KID SNACK PROG SEVILLAGE SCH 15,000
    COVENANT HOUSE MICHIGAN
    2959 MARTIN LUTHER KING
    DETROIT,MI482082475     		  EXEMPT 2013 EASTSIDE STREET OUTREACH PROG 10,000
    COMM FOUNDATION FOR SOUTHEAST MICH
    333 WEST FORT ST
    DETROIT,MI482263134     		  EXEMPT PROGRAM SERVICES 26,000
    JEFFERSON AVE PRESBYTERIAN CHURCH
    8625 E JEFFERSON AVE
    DETROIT,MI482142710     		  EXEMPT PROGRAM SVC NICHOLE ELEM & MDL SCH 17,000
    MACK AVE COMM CHURCH
    PO BOX 15692
    DETROIT,MI482150692     		  EXEMPT FUND ASS DIR OF MACK LIT POSITION 5,000
    MACK AVE COMM CHURCH
    PO BOX 15692
    DETROIT,MI482150692     		  EXEMPT 2014 SUM READING CAMP & CMPTR EQ 19,000
    WILSONVILLE ROTARY FOUNDATION
    PO BOX 362
    WILSONVILLE,OR970700362     		  EXEMPT PROGRAM SERVICES 5,000
    Total .................................bullet 3a 132,000
    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 ............     		    14 9,231  
    4 Dividends and interest from securities....     14 47,245  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 207,626  
    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)..   264,102  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13264,102
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    Employer identification number

    38-6055168
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number

    38-6055168
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    DAVID V UIHLEIN FOUNDATION  
    735 N WATER ST STE 712
     
    MILWAUKEE, WI532024104

    		$30,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    MARGERY UIHLEIN  
    1210 W ESTATES DRIVE N-124
     
    MEQUON, WI53092

    		$29,557


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number

    38-6055168
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 738 SH US BANCORP STOCK PUBLICLY TRADED STOCK CUSIP XXX-XX-XXXX $29,557 2013-12-23
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number

    38-6055168
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    THE PRIVATE BANK - PREP FORM 990 1,700     1,700

    TY 2013 CompensationExplanation
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Person Name Explanation
    LYNN KRUGMAN  
    REV GEORGE HOLLEY  
    CHARLIE KUEHN  
    ANDY KUEHN  
    STEPHEN HOLLEY  
    GREGG KUEHN  
    SEPPE KUEHN  
    BARBARA FRANK  
    DAANE DEVRIES  
    BEN DEVRIES  

    TY 2013 ExplnOfNonFilingWithAGStmt
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Statement:
    MICHIGAN DOES NOT REQUIRE REGISTRATION IF DONATIONS ARE NOT SOLICITED FROM THE GENERAL PUBLIC.

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PRIOR YEAR    
    AT&T INC 5.5% 2/2018 17,414 16,885
    AIR PROD & CHEM 4.375% 8/2019 17,003 16,234
    BB&T CORP 4.9% 6/2017 19,129 21,886
    BECTON DICKINSON & CO 5% 5/2019 17,476 16,819
    DOVER CORP 5.45% 3/2018 21,449 22,605
    EATON CORP 5.6% 5/2018 22,965 22,429
    EMERSON ELECTRIC CO 5.375% 10/2017 22,521 22,693
    FEDERAL FARM CR BANK 4.15% 49,355 52,386
    GENERAL ELEC CAP CORP 4.65% 10/2021 31,937 32,684
    GOLDMAN SACHS BK USA 1.55% 10/2017 49,881 49,822
    JP MORGAN CHASE & CO 6% 1/2018 20,826 23,030
    KEY BANK NA 5.091% 3/2015 21,245 20,989
    MIDAMERICAN ENERGY CO 5.3% 3/2018 17,294 17,000
    NAT'L RURAL UTIL COOP 3.05% 3/2016 20,005 20,815
    PRAXAIR INC 3% 9/2021 15,519 14,711
    PROGRESSIVE CORP 3.75% 8/23/2021 15,504 15,294
    ST PAUL TRAVELERS 6.25% 6/2016 21,367 22,495
    TARGET CORP 4.875% 5/2018 22,789 22,281
    US BANCORP 2.95% 7/2022 25,602 23,228
    VERIZON COMM 6.35% 4/2019 17,788 17,631
    WELLS FARGO & CO 4.6% 4/2021 21,296 21,925
    FNMA POOL 735912 17,714 17,717
    FNMA POOL 995112 17,464 17,424

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PRIOR YEAR    
    ARG 13,687 22,370
    AKAM 7,052 9,436
    AMZN 18,578 39,879
    AAPL 3,241 19,636
    BEAV 13,505 24,368
    CNI 3,114 6,272
    DXCM 5,639 24,787
    EBAY 11,384 27,433
    ECL 4,657 20,541
    EXAM 9,195 14,935
    XOM 13,443 20,240
    FAST 10,535 28,506
    GILD 11,315 45,060
    GOOGL 15,783 29,138
    GWRE 7,365 12,268
    HOG 15,569 20,772
    IDXX 10,484 13,296
    ICE 2,950 11,246
    ISRG 3,213 11,522
    JNJ 15,585 22,898
    LKQ 10,342 32,900
    LOW 20,244 34,685
    LULU 14,073 13,282
    MGA 5,296 5,334
    MCD 14,756 24,258
    MJN 20,475 21,359
    NVDQ 10,260 18,139
    P 7,025 18,620
    PRAA 5,072 34,346
    PCP 15,082 25,584
    PG 18,468 24,423
    PRLB 9,191 21,354
    RHT 15,266 18,213
    CRM 3,079 22,076
    SLB 23,534 31,539
    SBUX 4,473 39,195
    SRCL 9,519 29,043
    SYK 4,803 7,514
    TDG 3,709 12,077
    TRS 17,069 40,887
    USB 29,557 29,815
    ULTI 2,239 24,515
    UPS 15,837 31,524
    VDIGX 327,105 549,290
    COV 24,265 26,900
    DLPH 4,944 5,111
    ETN 4,599 6,470
    ESV 3,771 4,289
    JAZZ 3,555 7,594
    SDRL 4,266 4,724
    ACE 4,313 6,212
    UBS 2,877 2,791
    LYB 4,915 5,218
    NXPI 4,245 7,808

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    US Government Securities - End of Year Book Value:

    132,917
    US Government Securities - End of Year Fair Market Value:

    141,011
    State & Local Government Securities - End of Year Book Value:


    111,879
    State & Local Government Securities - End of Year Fair Market Value:


    109,193


    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIOR YEAR      
    FED SHORT TERM INC FD CL Y AT COST 110,000 109,872
    FED ULTRA SHORT BOND INST AT COST 100,000 100,055
    JPMORGAN CORE BOND FD AT COST 39,469 38,380
    VANGUARD INTERM TERM INV GR ADMIRAL AT COST 80,000 78,022
    VANGUARD SHORT TERM INV GR ADMIRAL AT COST 235,000 232,802
    AZSEY AT COST 5,082 5,838
    BRGYY AT COST 2,774 3,761
    BAYRY AT COST 4,538 7,024
    BHP AT COST 1,582 4,092
    CEO AT COST 2,645 4,692
    CBI AT COST 3,452 7,067
    DBSDY AT COST 3,806 5,417
    DT AT COST 5,277 6,252
    DEO AT COST 2,404 5,297
    ERIC AT COST 4,843 4,712
    HBC AT COST 2,914 2,757
    HIT AT COST 2,545 2,651
    HUWHY AT COST 3,905 4,812
    ING AT COST 4,679 5,954
    LVMUY AT COST 1,499 2,558
    NGG AT COST 5,073 5,226
    NSRGY AT COST 2,304 6,241
    NVS AT COST 2,918 4,823
    NVO AT COST 1,546 7,390
    IX AT COST 5,579 5,792
    RHHBY AT COST 5,030 5,604
    SI AT COST 4,426 6,233
    SFTBY AT COST 2,804 2,845
    SMFG AT COST 5,397 5,560
    TLSYY AT COST 4,536 4,697
    TM AT COST 4,648 5,486
    VLKAY AT COST 4,602 7,054
    WX AT COST 5,658 6,141
    GTEYX AT COST 100,000 103,499
    PAAIX AT COST 61,719 62,774

    TY 2013 OtherDecreasesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Description Amount
    2013 NET GAIN POSTED IN 2014 189


    TY 2013 OtherExpensesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    FEES & DUES 1,320 1,320    


    TY 2013 OtherIncreasesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Description Amount
    GAIN RECEIVED IN 2013 FOR 2012 SALE 28,707
    PRIOR PERIOD ADJUSTMENT 327


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE/EXECUTOR FEES 19,620 19,620    
    INVESTMENT MGMT FEES 7,616 7,616    
    ADR FEES 13 13    


    TY 2013 TaxesSchedule
    Name:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    EIN: 38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 393 393    
    FEDERAL TAX 1,185