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 05-01-2013 , and ending 04-30-2014
Name of foundation
Beaver Family Foundation Inc
 
% FOUNDATION SOURCE
Number and street (or P.O. box number if mail is not delivered to street address)2425 N Center StSuite 362Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Hickory, NC28601
A Employer identification number

56-2028723
B Telephone number (see instructions)

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$13,808,323J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 89 89  
4 Dividends and interest from securities...... 587,143 587,143  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 168,546
b Gross sales price for all assets on line 6a 1,838,856
7 Capital gain net income (from Part IV, line 2)... 160,835
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........ 755,778 748,067  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 7,500     7,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 60,035 20,035   40,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 12,559 2,541    
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 53,779 1,613   52,166
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,873 24,189   99,666
25 Contributions, gifts, grants paid........ 523,398 523,398
26 Total expenses and disbursements. Add lines 24 and 25 657,271 24,189   623,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 98,507
b Net investment income (if negative, enter -0-) 723,878
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.......... 85,002 112,986 112,986
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   7,152    
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) 139,628    
b Investments—corporate stock (attach schedule)........ 5,797,800 Click to see attachment6,410,914 10,093,792
c Investments—corporate bonds (attach schedule)........ 3,988,774 Click to see attachment3,592,963 3,601,545
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis 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) 10,018,356 10,116,863 13,808,323
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 10,018,356 10,116,863
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,018,356 10,116,863
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,018,356 10,116,863
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 10,018,356
2 Enter amount from Part I, line 27a..................... 2 98,507
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 10,116,863
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,116,863
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      
b OFFICE EQUIPMENT P 2011-04-30  
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 1,838,856   1,670,310 168,546
b     7,711 -7,711
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 2 160,835
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 299,722 12,555,436 0.023872
2011 315,593 11,754,046 0.02685
2010 91,930 11,183,822 0.00822
2009 202,950 10,203,138 0.019891
2008 573,770 10,319,346 0.055601
2 Total of line 1, column (d) ...................... 2 0.134434
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 0.026887
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 13,173,963
5 Multiply line 4 by line 3....................... 5 354,208
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,239
7 Add lines 5 and 6......................... 7 361,447
8 Enter qualifying distributions from Part XII, line 4.............. 8 623,064
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 7,239
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 7,239
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 7,239
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 9,400
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 9,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 2,161
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet2,161 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)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754
    Located atbullet501 SILVERSIDE ROAD SUITE 123wilmingtonDE ZIP+4bullet19809
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    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
     
    No
    .........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). Click to see attachment
    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
    Donald C BeaverClick to see attachment Pres
    1.0     		2,500    
    2425 N Center St
    Hickory,NC28601
    Donna Beaver FlemingClick to see attachment Treas
    1.0     		2,500    
    2425 N Center St
    Hickory,NC28601
    Deborah Beaver LooperClick to see attachment VP
    1.0     		2,500    
    2425 N Center St
    Hickory,NC28601
    Angela B SimmonsClick to see attachment Sec
    1.0     		0    
    2425 N Center St
    Hickory,NC28601
    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
     
    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
    Foundation Source Administrative 50,686
    55 Walls Drive3rd Floor
    Fairfield,CT06824
    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  
    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
    658,698
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    7,239
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,239
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    651,459
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    651,459
    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
    651,459
    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 7 651,459
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 581,509
    b Total for prior years:2011, 2010, 2009  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 623,064
    a Applied to 2012, but not more than line 2a 581,509
    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..... 41,555
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		609,904
    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) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013.... 0
    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).)
    ANGELA B SIMMONS
    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.
    NONE
    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
    ACTION AGAINST HUNGER USA
    247 W 37TH ST
    NEW YORK,NY10018     		N/A PC Typhoon Haiyan Fund 25,000
    AIDS LEADERSHIP FOOTHILLS AREA ALLIANCE INC
    1120 FAIRGROVE CHURCH RD STE 28
    HICKORY,NC28602     		N/A PC General & Unrestricted 500
    AMERICAN RED CROSS - CENTRAL OKLAHOMA CHAPTER
    601 NE 6TH ST
    OKLAHOMA CITY,OK73104     		N/A PC Disaster Relief Fund 1,000
    APPALACHIAN STATE UNIVERSITY
    BOX 32007
    BOONE,NC28608     		N/A PC Future Engineers Camp 500
    APPALACHIAN STATE UNIVERSITY FOUNDATION INC
    ASU PO BOX 32014
    BOONE,NC28608     		N/A PC The Appalachian Fund 50,000
    APPALACHIAN STATE UNIVERSITY FOUNDATION INC
    ASU PO BOX 32014
    BOONE,NC28608     		N/A PC Athletics Facilities 30,000
    CAROLINA CYCLE CHALLENGE INC
    PO BOX 623
    NEWTON,NC28658     		N/A PC General & Unrestricted 500
    CATAWBA COUNTY COUNCIL ON AGING INC
    400 17TH ST SW
    HICKORY,NC28602     		N/A PC Neighbors Network Project 5,000
    CATAWBA COUNTY PARENTING NETWORK
    1005 1ST AVE S
    CONOVER,NC28613     		N/A PC General & Unrestricted 3,000
    CATAWBA COUNTY PARENTING NETWORK
    1005 1ST AVE S
    CONOVER,NC28613     		N/A PC Incredible Years Project 3,000
    CATAWBA COUNTY PARENTING NETWORK
    1005 1ST AVE S
    CONOVER,NC28613     		N/A PC Parenting programs 13,335
    CATAWBA COUNTY PARENTING NETWORK
    1005 1ST AVE S
    CONOVER,NC28613     		N/A PC Charitable Event 500
    CATAWBA COUNTY PARTNERSHIP FOR CHILDREN
    PO BOX 3123
    HICKORY,NC28603     		N/A PC Imagination Library 5,000
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC Backpack Program Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC LINKS Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC Senior Nutrition Services Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC The Children's Book Station Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC The Foster Children's Expense Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC The Grace McLeod Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC The Gretchen Peed Scholarship Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC The Teen Up Program Fund 250
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC Angel Tree Program 500
    CATAWBA MEDICAL FOUNDATION INC
    810 FAIR GROVE CHURCH RD SE
    HICKORY,NC28602     		N/A PC General & Unrestricted 500
    CATAWBA RESCUE SQUAD INC
    PO BOX 125
    CATAWBA,NC28609     		N/A PC Claremont Rescue Squad 100
    CHILDRENS ADVOCACY CENTER OF CATAWBA COUNTY INC
    1007 1ST AVE S
    CONOVER,NC28613     		N/A PC Child Medical Exams 15,000
    CHILDRENS FLIGHT OF HOPE INC
    205 NEW EDITION CT
    CARY,NC27511     		N/A PC General & Unrestricted 1,000
    CITY OF HICKORY
    P O BOX 398
    HICKORY,NC28603     		N/A PC International Film Festival for Children 2014 Program 500
    CITY OF HICKORY
    P O BOX 398
    HICKORY,NC28603     		N/A PC Charitable Event 250
    COLON CANCER COALITION FOUNDATION
    5666 LINCOLN DR STE 270
    MINNEAPOLIS,MN55436     		N/A PC Charitable Event 500
    COOPERATIVE FOR ASSISTANCE & RELIEF EVERYWHERE Inc
    PO BOX 1871
    MERRIFIELD,VA22116     		N/A PC Typhoon Haiyan Response Fund 25,000
    COUNCIL ON ADOLESCENTS OF CATAWBA COUNTY INC
    1120 FAIRGROVE CHURCH RD SE NO 22
    HICKORY,NC28602     		N/A PC General & Unrestricted 10,000
    DIRECT RELIEF
    27 S LA PATERA LN
    SANTA BARBARA,CA93117     		N/A PC Typhoon Haiyan Relief Fund 50,000
    EXODUS OUTREACH FOUNDATION INC
    122 8TH AVE DR SW
    HICKORY,NC28602     		N/A PC MAINTENANCE Project 22,890
    FAMILY CARE CENTER OF CATAWBA VALLEY INC
    2875 HIGHLAND AVE NE
    HICKORY,NC28601     		N/A PC General & Unrestricted 8,000
    FAMILY SUPPORT NETWORK-HOPE
    300 ENOLA RD
    MORGANTON,NC28655     		N/A PC Charitable Event 250
    FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC
    PO BOX 3023
    MORGANTON,NC28680     		N/A PC General & Unrestricted 250
    FRYE REGIONAL MEDICAL CENTER AUXILIARY
    420 N CENTER ST
    HICKORY,NC28601     		N/A PC Camp Air Adventure Program 240
    FRYE REGIONAL MEDICAL CENTER AUXILIARY
    420 N CENTER ST
    HICKORY,NC28601     		N/A PC Hospitality House Program 1,000
    GREATER HICKORY CLASSIC FOUNDATION INC
    3914 RIDGE RD NE
    CONOVER,NC28613     		N/A PC General & Unrestricted 50,000
    GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
    31 1ST AVE SE
    HICKORY,NC28602     		N/A PC Community Health Center of Catawba County 500
    HABITAT FOR HUMANITY OF CATAWBA VALLEY INC
    772 4TH ST SW
    HICKORY,NC28602     		N/A PC Home Repairs Project 1,000
    HELPING HANDS CLINIC INC
    810 HARPER AVE NW
    LENOIR,NC28645     		N/A PC Expanding Access to Medication for Uninsured Adults in Caldwell County 5,000
    HICKORY COMMUNITY THEATRE INC
    30 3RD ST NW
    HICKORY,NC28601     		N/A PC Theatre Renovations 8,333
    HICKORY HIGH SCHOOL
    1234 3RD ST NE
    HICKORY,NC28601     		N/A PC PTA Technology Matching Grant 500
    HICKORY LANDMARKS SOCIETY INC
    PO BOX 2341
    HICKORY,NC28603     		N/A PC General & Unrestricted 1,000
    HICKORY MUSEUM OF ART INC
    243 3RD AVE NE
    HICKORY,NC28601     		N/A PC Charitable Event 250
    HICKORY MUSIC FACTORY INC
    PO BOX 2712
    HICKORY,NC28603     		N/A PC Students Teaching Students Program 3,500
    HICKORY POLICE DEPARTMENT
    PO BOX 398
    HICKORY,NC28603     		N/A PC Cops for Tots 250
    HICKORY SOUP KITCHEN INC
    PO BOX 1431
    HICKORY,NC28603     		N/A PC General & Unrestricted 10,000
    HUMANE SOCIETY OF CATAWBA COUNTY
    PO BOX 63
    HICKORY,NC28603     		N/A PC S.N.A.P Program 15,000
    HUMANE SOCIETY OF CATAWBA COUNTY
    PO BOX 63
    HICKORY,NC28603     		N/A PC Volunteer tracking system 6,000
    HUMANE SOCIETY OF CATAWBA COUNTY
    PO BOX 63
    HICKORY,NC28603     		N/A PC Charitable Event 250
    INSTITUTE FOR CULTURAL CHANGE
    414 AVENIDA DE LA VEREDA
    OJAI,CA93023     		N/A PC Whirlwind Odyssey 1,000
    JAMES C HARPER SCHOOL OF PERFORMING ARTS INC
    PO BOX 390
    LENOIR,NC28645     		N/A PC Harper On-Line Project 2,500
    JESSIE F RICHARDSON FOUNDATION
    15900 SE 82ND DR
    CLACKAMAS,OR97015     		N/A POF Expenditure Responsibility Grant 1,000
    MARCH OF DIMES
    1220 COMMERCE ST STE G
    CONOVER,NC28613     		N/A PC General & Unrestricted 5,000
    MARCH OF DIMES
    1220 COMMERCE ST STE G
    CONOVER,NC28613     		N/A PC Unifour March for Babies 5,000
    NORTH CAROLINA SPORTS HALL OF FAME INC
    PO BOX 31524
    RALEIGH,NC27622     		N/A PC General & Unrestricted 1,000
    OKLAHOMA CITY COMMUNITY FOUNDATION INC
    PO BOX 1146
    OKLAHOMA CITY,OK73101     		N/A PC Tornado Recovery Fund 20,000
    OKLAHOMA HUMANE SOCIETY
    9300 N MAY AVE STE 400281
    OKLAHOMA CITY,OK73120     		N/A PC Disaster Relief Fund 1,000
    OUTRIGHT YOUTH OF CATAWBA VALLEY INC
    PO BOX 2222
    HICKORY,NC28603     		N/A PC General & Unrestricted 5,000
    PATRICK BEAVER LEARNING RESOURCE CENTER INC
    PO BOX 255
    HICKORY,NC28603     		N/A PC General & Unrestricted 20,000
    PTA NORTH CAROLINA CONGRESS - LONGVIEW ELEMENTARY
    2430 2ND AVE SW
    HICKORY,NC28602     		N/A PC Longview Elementary School PTA Playground Fund 1,000
    RAPE CRISIS CENTER OF CATAWBA COUNTY INC
    1220 COMMERCE ST SW STE J
    CONOVER,NC28613     		N/A PC General & Unrestricted 1,000
    REACH OUT AND READ INC
    56 ROLAND ST
    BOSTON,MA02129     		N/A PC Doctors at Unifour Pediatrics 5,000
    REGIONAL FOOD BANK OF OKLAHOMA
    PO BOX 270968
    OKLAHOMA CITY,OK73137     		N/A PC Disaster Relief Fund 1,000
    SAFE HARBOR RESCUE MISSION INC
    210 2ND ST SE
    HICKORY,NC28602     		N/A PC Capacity Building Program 5,000
    SERVICE LEAGUE OF HICKORY NC INC
    PO BOX 2612
    HICKORY,NC28603     		N/A PC Backpack Program 5,000
    SERVICE LEAGUE OF HICKORY NC INC
    PO BOX 2612
    HICKORY,NC28603     		N/A PC Charitable Event 500
    SOUTH CALDWELL CHRISTIAN MINISTRIES
    PO BOX 359
    GRANITE FALLS,NC28630     		N/A PC General & Unrestricted 5,000
    SOUTHWEST FORSYTH LITTLE LEAGUE INC
    PO BOX 867
    CLEMMONS,NC27012     		N/A PC General & Unrestricted 500
    THE DONALD HICKS BASKETBALL DAY CAMP INC
    709 WESTSIDE DR
    NEWTON,NC28658     		N/A PC Classroom Connections Program 1,000
    THE FIREFIGHTERS BURN CHILDREN FUND INC
    300 FIREHOUSE DR
    KANNAPOLIS,NC28083     		N/A PC General & Unrestricted 1,000
    THE SALVATION ARMY-GREATER HICKORY CORPS
    PO BOX 1167
    HICKORY,NC28602     		N/A PC Boys & Girls Club New Bus Fund 15,000
    THE SALVATION ARMY-GREATER HICKORY CORPS
    PO BOX 1167
    HICKORY,NC28602     		N/A PC Charitable Event 1,000
    UNIQUE WORLD GIFTS INC
    2751 N CENTER ST
    HICKORY,NC28601     		N/A PC General & Unrestricted 1,000
    UNITED ARTS COUNCIL OF CATAWBA COUNTY
    243 3RD AVE NE BOX 5
    HICKORY,NC28601     		N/A PC Annual Fund Campaign 10,000
    UNITED ARTS COUNCIL OF CATAWBA COUNTY
    243 3RD AVE NE BOX 5
    HICKORY,NC28601     		N/A PC Annual Fund 10,000
    W M JENKINS ELEMENTARY SCHOOL
    3750 N CENTER ST
    HICKORY,NC28601     		N/A PC Charitable Event 1,500
    WESTERN PIEDMONT COUNCIL OF GOVERNMENTS
    PO BOX 9026
    HICKORY,NC28603     		N/A PC Unifour Senior Games 2,500
    WESTERN PIEDMONT SYMPHONY-THE UNIFOUR ORCHESTRA IN
    243 3RD AVE NE STE 1-N
    HICKORY,NC28601     		N/A PC General & Unrestricted 10,000
    WOMENS RESOURCE CENTER
    PO BOX 1608
    HICKORY,NC28603     		N/A PC Women to Work Program 8,000
    Total .................................bullet 3a 523,398
    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 89  
    4 Dividends and interest from securities....     14 587,143  
    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 .............     		    18 168,546  
    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)..   755,778  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13755,778
    (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 CompensationExplanation
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Person Name Explanation
    Angela B Simmons *ABS Legacy Ptnrs, a firm owned by an officer of the Foundation, was paid $40,000 by the Foundation to provide mgmt services. This compensation is reported on Part I, Line 16c to be consistent with the character of the expense. The firm billed the Foundation at or below market rates. *Angela B. Simmons is a Vice President at Everett Harris & Co., which provides investment management services to the Foundation. Everett Harris & Co. is not a disqualified person with respect to the Foundation. In the taxable year ending April 30, 2014, the Foundation paid $20,035 for investment management services rendered by this firm as reported in Part I, Lince 16c.

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

    TY 2013 DepreciationSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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    TY 2013 ExpenditureResponsibilityStmt
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    JESSIE F RICHARDSON FOUNDATION
          		15900 SE 82ND DR
    CLACKAMAS,OR97015     		2013-06-10 1,000 To support the completion of a National Training Center in Jinotepe Nicaragua 1,000 NO 2/26/14   None necessary

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AES CORP - 8.000% - 10/15/2017 163,125 178,125
    AES CORP-7.750%-10/15/2015 196,254 190,313
    AVON PRODUCTS INC NOTE - 6.500 224,900 223,166
    BAIDU INC - 3.250% - 08/06/201 204,778 203,169
    CITIGROUP INC PERP-B NT - 5.90 300,555 296,250
    COMCAST CORP - 5.875% - 02/15/ 240,936 230,470
    ENTERPRISE PRODUCTS - 7.034% - 215,876 226,500
    FORD MOTOR CREDIT- 7.000% - 04 213,950 211,816
    FRESENIUS MED CARE - 6.875% - 202,956 197,750
    GE CAP CORP - 6.250% - 12/15/2 216,200 217,250
    GOLDMAN SACHS - 5.625% - 01/15 190,601 192,798
    INT'L LEASE FIN CORP - 5.750% 216,200 215,250
    MERRILL LYNCH & CO INC - 5.700 211,977 221,363
    PETROBRAS INTL FIN CO NOTE - 3 182,161 180,184
    SPRINT NEXTEL CORP BD - 6.0% - 213,900 219,000
    TELEFONICA EMISIONESSAU-4.949% 205,900 205,641
    WACHOVIA CAPITAL TR BONDS - 5. 192,694 192,500

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 183,404 187,772
    AES TIETE SA S/ADR 54,781 43,340
    ANHEUSER BUSCH COS INC 108,421 132,275
    APPLE INC. 83,667 132,770
    BANK OF AMERICA CORP 85,404 75,700
    BANK OF AMERICA CORP 7.250% CO 195,432 228,398
    BECTON DICKINSON & CO 130,600 180,848
    BERKSHIRE HATHAWAY INC DEL CL 420,711 773,099
    BGE CAP TR II TR PFD SECS - 6. 74,619 75,436
    CHEVRON CORP 209,993 596,219
    CHINA MOBILE HGK LTD 174,450 166,005
    COCA-COLA CO 85,780 122,370
    COLGATE-PALMOLIVE COMPANY 191,916 336,500
    COSTCO WHOLESALE CORPORATION 63,655 347,040
    GENERAL ELECTRIC CO 49,325 121,005
    GOOGLE INC 102,474 118,499
    GOOGLE INC CLASS A 102,802 120,348
    INTERNATIONAL BUSINESS MACHINE 152,264 147,353
    ISHARES MSCI EMERGING MARKETS 94,614 123,990
    JOHNSON & JOHNSON 115,023 202,580
    L'OREAL ADR 69,405 172,050
    LABORATORY CORP AMER HLDGS 68,569 74,025
    MCDONALD'S CORP 125,245 456,210
    MICROSOFT CORPORATION 65,128 101,000
    NATIONAL GRID TRANSCO PLC 45,520 71,060
    NESTLE S.A. 179,997 771,799
    NIKE INC-CL B 113,630 109,425
    NOVO NORDISK A S 46,466 453,900
    PEPSICO INC 206,738 279,143
    PRUDENTIAL FINANCIAL INC SER C 125,000 136,000
    PUBLIC STORAGE 5.900% 39,963 37,035
    QUALCOMM INC 79,080 133,807
    ROYAL DUTCH SHELL PLC 67,765 78,740
    SANTANDER FIN PFD - 10.500% - 68,980 65,415
    SPDR GOLD SHARES 58,133 52,794
    SURGUTNEFTEGAZ PREF 94,336 143,000
    SWATCH GRP N AKT 112,556 120,393
    SYSCO CORP 149,755 182,150
    TEMPLETON GLOBAL INCOME FUND 205,775 214,380
    UNILEVER N V N Y 62,381 128,460
    UNILEVER PLC AMER 108,606 139,813
    UNITED PARCEL SERVICE 210,991 285,650
    US BANCORP 6% 123,702 132,960
    VANGUARD ST BOND ETF 384,832 380,950
    VERIZON COMMUNICATIONS 90,945 89,067
    VODAFONE GROUP PLC 168,741 150,094
    WAL-MART STORES INC. 222,652 318,840
    WALT DISNEY HOLDINGS CO. 113,044 158,680
    WELLS FARGO & COMPANY DEPOSITA 96,210 101,400
    WHOLE FOODS MARKET, INC. 94,714 82,005
    ZIMMER HOLDINGS INC 132,720 242,000

    TY 2013 InvestmentsLandSchedule2
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value

    TY 2013 LandEtcSchedule2
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2013 OtherExpensesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 50,686     50,686
    Bank Charges 1,613 1,613    
    Foundation Dues & Memberships 725     725
    Indemnification Insurance 750     750
    State or Local Filing Fees 5     5


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 40,000     40,000
    Investment Management Services 20,035 20,035    


    TY 2013 TaxesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN: 56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 9,400      
    990-PF Excise Tax for 2013 618      
    Foreign Tax Paid 2,541 2,541