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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
FOSTER KARNEY TRUST FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 364   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OCEAN CITY, NJ08226
A Employer identification number

22-6441627
B Telephone number (see instructions)

(609) 399-5796
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$3,736,313J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 1,149 1,149 1,149
4 Dividends and interest from securities...... 113,334 113,334 113,334
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 126,782
b Gross sales price for all assets on line 6a 1,089,710
7 Capital gain net income (from Part IV, line 2)...  
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........ 241,265 114,483 114,483
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 3,400 2,380    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,536      
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 1,501      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,437 2,380   0
25 Contributions, gifts, grants paid........ 112,400 112,400
26 Total expenses and disbursements. Add lines 24 and 25 120,837 2,380   112,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 120,428
b Net investment income (if negative, enter -0-) 112,103
c Adjusted net income (if negative, enter -0-)... 114,483
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 489 5,880 5,880
2 Savings and temporary cash investments.......... 43,886 38,121 38,121
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) bullet66,250
Less: allowance for doubtful accounts bullet   66,250 Click to see attachment66,250 66,250
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 27,863 Click to see attachment22,489 16,500
b Investments—corporate stock (attach schedule)........ 1,522,792 Click to see attachment1,648,922 2,823,884
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 711,676 Click to see attachment712,723 785,678
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) 2,372,956 2,494,385 3,736,313
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 1,597,785 1,597,785
29 Retained earnings, accumulated income, endowment, or other funds 775,171 896,600
30 Total net assets or fund balances (see instructions)...... 2,372,956 2,494,385
31 Total liabilities and net assets/fund balances (see instructions).. 2,372,956 2,494,385
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 2,372,956
2 Enter amount from Part I, line 27a..................... 2 120,428
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,001
4 Add lines 1, 2, and 3.......................... 4 2,494,385
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 2,494,385
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 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))
2013 148,250 3,403,356 0.043560
2012 134,000 3,033,744 0.044170
2011 122,750 2,863,192 0.042872
2010 126,600 2,835,391 0.044650
2009 132,378 2,679,712 0.049400
2 Total of line 1, column (d) ...................... 2 0.224652
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 0.044930
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 3,720,768
5 Multiply line 4 by line 3....................... 5 167,174
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,121
7 Add lines 5 and 6......................... 7 168,295
8 Enter qualifying distributions from Part XII, line 4.............. 8 112,400
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 (2014)
Form 990-PF (2014)
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 2,242
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 2,242
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 2,242
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,137
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 2,137
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 112
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see 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 .
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletJOHN QUINN Telephone no.bullet (609) 399-5796
    Located atbullet1116 OCEAN AVEOCEAN CITYNJ ZIP+4bullet08226
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    JOHN QUINN TREASURER
    1.00     		0 0 0
    1116 OCEAN AVENUE
    OCEAN CITY,NJ08226
    STEVE FRIEDRICH PRESIDENT
    1.00     		0 0 0
    221 B BAY AVE
    OCEAN CITY,NJ08226
    FRANKLIN K UNGER III SECRETARY
    1.00     		0 0 0
    830 PLAZA PLACE
    OCEAN CITY,NJ08226
    GERALD LAHAY VICE PRESIDE
    1.00     		0 0 0
    25 S LAUREL DRIVE
    SOMERS POINT,NJ08244
    EDWARD PRICE EXECUTIVE CO
    1.00     		0 0 0
    OCEAN CITY
    OCEAN CITY,NJ08226
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    3,648,906
    b
    Average of monthly cash balances.......................
    1b
    62,273
    c
    Fair market value of all other assets (see instructions)................
    1c
    66,250
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,777,429
    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
    3,777,429
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    56,661
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,720,768
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    186,038
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    186,038
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,242
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,242
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    183,796
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    183,796
    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
    183,796
    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
    112,400
    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
    112,400
    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
    112,400
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 183,796
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 64,296
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 112,400
    a Applied to 2013, but not more than line 2a 64,296
    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 2014 distributable amount..... 48,104
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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  
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		135,692
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 or email address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    ALCOVE CENTER
    376 TILTON RD
    NORTHFIELD,NJ08225     		N/A N/A GENERAL PURPOSE 2,000
    ATLANTIC COUNTY WOMENS CENTER
    1201 NEW ROAD
    LINWOOD,NJ08221     		N/A N/A GENERAL PURPOSE 7,000
    BAY ISLAND HEALTH CARE
    PO BOX 44510
    INDIANAPOLIS,IN46244     		N/A N/A GENERAL PURPOSE 4,000
    BIG BROTHERS BIG SISTERS
    450 TILTON RD
    NORTHFIELD,NJ08225     		N/A N/A GENERAL PURPOSE 1,000
    CASA
    321 SHORE ROAD STE 1
    SOMERS POINT,NJ08244     		N/A N/A GENERAL PURPOSE 11,000
    COMMUNITY FOOD BANK OF NJ
    6735 BLACKHORSE PIKE
    EGG HARBOR TWP,NJ08234     		N/A N/A GENERAL PURPOSE 1,000
    CONTACT CAPE ATLANTIC
    9500 VENTNOR AVE
    VENTNOR,NJ08402     		N/A N/A GENERAL PURPOSE 4,000
    DIOESES OF BHUBANESW
    1053 ASBURY AVENUE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 5,000
    GIRL SCOUT TROOP 41371
    1330 CENTRAL AVE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 2,000
    JERSEY CAPE DIAGNOSTIC
    152 CREST HAVEN RD
    CMCH,NJ08210     		N/A N/A GENERAL PURPOSE 1,000
    OC HIGH SCHOOL SCHOLARSHIPS
    6TH ATLANTIC AVE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 29,900
    OC PTA
    501 ATLANTIC AVE - STE 1
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 1,000
    OC YOUTH AA
    550 WEST AVE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 1,000
    FRIENDS OF MUSIC
    17 SIMPSON AVE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 1,000
    RANCH HOPE FOR BOYS
    PO BOX 325
    ALLOWAY,NJ08001     		N/A N/A GENERAL PURPOSE 5,000
    SHRINNERS' HOSPITAL
    3551 N BROAD ST
    PHILA,PA19140     		N/A N/A GENERAL PURPOSE 2,000
    SUNSHINE FOUNDATION
    PO BOX 866
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 12,000
    VOLUNTEERS IN MEDICINE
    429 RT 9 NORTH
    CMCH,NJ08210     		N/A N/A GENERAL PURPOSE 2,000
    DEAN RANDAZZO CANCER FOUNDATION
    PO BOX 149
    SOMERS POINT,NJ08244     		N/A N/A GENERAL PURPOSE 2,000
    FAMILY PROMISE OF CAPE MAY COUNTY
    505 TOWN BANK RD
    NORTH CAPE MAY,NJ08204     		N/A   GENERAL PURPOSE 1,000
    THE MASTER WORKS CHOIR
    PO BOX 762
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 1,000
    RUN FOR THE FALLEN
    714 BEACH AVENUE
    CAPE MAY,NJ08204     		N/A N/A GENERAL PURPOSE 500
    OCEAN CITY ECUMENTAL COUNCIL INC
    501 E 8TH ST/PO BOX 1001
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 1,000
    OPERATION FIRST RESPONSE
    20037 DOVE HILL ROAD
    CULPEPER,VA22701     		N/A N/A GENERAL PURPOSE 2,500
    SHORE MEDICAL HEALTH FOUNDATION
    100 MEDICAL CENTER WAY
    SOMERS POINT,NJ08244     		N/A N/A GENERAL PURPOSE 1,000
    SONS OF THE AMERICAN LEGION SQ 524
    3304 BAY AVE
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 3,000
    CAPE MAY COUNTY 4-H FOUNDATION
    4 MOORE RD
    CMCH,NJ08210     		N/A N/A GENERAL PURPOSE 1,000
    OCEAN CITY THEATRE CO
    854 ASBURY AVE SUITE 3
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 5,000
    TRINITY DEMOLAY
    563 ZION ROAD
    EGG HARBOR TWP,NJ08234     		N/A N/A GRNERAL PURPOSE 1,000
    CHRISTIAN COMMUNITY PRIDE
    OCEAN CITY
    OCEAN CITY,NJ08226     		N/A N/A GENERAL PURPOSE 500
    MARINE MAMMAL STRANDING CENTER
    PO BOX 773
    BRIGANTINE,NJ08203     		N/A N/A GRNERAL PURPOSE 500
    THE WETLANDS INSTITUTE
    1075 STONE HARBOR BLVD
    STONE HARBOR,NJ08247     		N/A N/A GENERAL PURPOSE 500
    Total .................................bullet 3a 112,400
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 ............     		        1,149
    4 Dividends and interest from securities....         113,334
    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 .............     		        126,782
    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)..     241,265
    13Total. Add line 12, columns (b), (d), and (e)..................
    13241,265
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,400 2,380    

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AMERISOURCEBERGEN CORP 2013-04 PURCHASE 2014-06   42,586 33,805     8,781  
    ARC LOGISTICS 2013-01 PURCHASE 2014-07   48,601 39,958     8,643  
    ARC LOGISTICS 2013-11 PURCHASE 2014-07   4,162 3,422     740  
    ARC LOGISTICS 2013-11 PURCHASE 2014-02   454       454  
    ARC LOGISTICS 2013-11 PURCHASE 2014-05   853       853  
    BANK AMER CORP 2012-12 PURCHASE 2014-03   20,533 24,247     -3,714  
    CERNER CORP 2014-05 PURCHASE 2014-03   26,780 30,690     -3,910  
    CHART IND INC 2013-11 PURCHASE 2014-03   33,642 40,607     -6,965  
    CHART IND INC 2013-11 PURCHASE 2014-03   8,412 10,154     -1,742  
    CLIFF'S NATURAL RES 2012-04 PURCHASE 2014-03   6,073 24,862     -18,789  
    COCA-COCA CO 2011-08 PURCHASE 2014-02   22,153 20,868     1,285  
    COSTCO WHOLESALE CORP 2012-11 PURCHASE 2014-04   39,486 33,932     5,554  
    FASTNAL COMPANY 2014-01 PURCHASE 2014-07   13,345 14,142     -797  
    FASTNAL COMPANY 2014-01 PURCHASE 2014-07   8,899 9,431     -532  
    FORD MOTOR NEW 1994-07 PURCHASE 2014-11   6,300 9,500     -3,200  
    GENERAL ELECTRIC CO 2012-12 PURCHASE 2014-11   32,581 32,114     467  
    GENERAL ELECTRIC CO 2012-12 PURCHASE 2014-11   9,315 9,181     134  
    GENERAL ELECTRIC CO 2014-01 PURCHASE 2014-11   40,914 40,328     586  
    HONEYWELL INT'L INC 2011-08 PURCHASE 2014-10   30,594 18,769     11,825  
    HONEYWELL INT'L INC 2012-01 PURCHASE 2014-10   28,945 17,757     11,188  
    MONSANTO CO NEW MON 2002-08 PURCHASE 2014-01   8,711       8,711  
    PENTAIR LTD 2013-05 PURCHASE 2014-05   36,489 27,633     8,856  
    PFIZER INC 1993-04 PURCHASE 2014-01   9,803 4,172     5,631  
    SOUTHERN CO 1997-10 PURCHASE 2014-01   40,165 23,302     16,863  
    SIMON PROPERTY GROUP INC 2011-09 PURCHASE 2014-04   32,571 23,072     9,499  
    SOVAN SELF STORAGE INC 2011-04 PURCHASE 2014-09   54,983 30,185     24,798  
    TANBMAN CENTERS INC 2011-09 PURCHASE 2014-04   20,988 16,857     4,131  
    TOYOTA MOTOR CORP 2014-04 PURCHASE 2014-10   46,062 43,869     2,193  
    DELAWARE HEALTHCARE 2013-09 PURCHASE 2014-08   54,480 47,342     7,138  
    JP MORGAN 2010-09 PURCHASE 2014-02   2,835 2,621     214  
    JP MORGAN 2012-08 PURCHASE 2014-02   24,863 24,005     858  
    JP MORGAN 2012-11 PURCHASE 2014-02   35,792 35,005     787  
    JP MORGAN 2012-11 PURCHASE 2014-02   36,113 35,005     1,108  
    JP MORGAN 2013-04 PURCHASE 2014-02   33,318 34,005     -687  
    OPPENHEIMER SENIOR FLOATING RATE 2014-04 PURCHASE 2014-03   70,505 70,005     500  
    POWERSHARES DYNAMIC 2014-04 PURCHASE 2014-10   52,374 53,421     -1,047  
    KINDER MORGAN ENERGY 2011-03 PURCHASE 2014-03   14,751 14,560     191  
    KINDER MORGAN ENERGY 2014-02 PURCHASE 2014-03   272       272  
    KINDER MORGAN ENERGY 2014-02 PURCHASE 2014-03   476       476  
    KINDER MORGAN ENERGY 2010-06 PURCHASE 2014-03   25,823 23,259     2,564  
    ENERGY TRANSFER EQUITY 2014-03 PURCHASE 2014-11   55,332 40,843     14,489  
    ENERGY TRANSFER EQUITY 2014-05 PURCHASE 2014-11   323       323  
    ENERGY TRANSFER EQUITY 2014-08 PURCHASE 2014-11   342       342  
    ENERGY TRANSFER EQUITY 2014-11 PURCHASE 2014-11   374       374  
    XXX 2014-11 PURCHASE 2014-11   7,337       7,337  

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3 M MINN MINING 18,656 131,456
    ACE LTD 45,621 48,824
    ALTRIA GROUP INC 55,258 93,613
    AMERISOURCEBERGEN CORP    
    ARC LOGISTICS    
    ARC LOGISTICS    
    AT &T 50,658 176,818
    B & G FOODS INC NEW    
    BANKER AMERICAN CORP 31,228 31,360
    BOARDWALK PIPELINE 43,931 28,432
    BOARDWALK PIPELINE 13,729 8,885
    BP AMPRO 51,156 84,093
    BRISTOL MYERS SQUIB CO 30,572 53,127
    CHART IND INC    
    CHART IND INC    
    CLIFFS NATURAL RESOURCES    
    COCA-COLA    
    COLGATE PALMOLIVE 34,290 44,974
    COSCO WHOLESALE CORP    
    DOMINION RESOURCES 12,450 69,210
    DU PONT EI DE NEMOURS 75,020 88,728
    DUKE ENERGY/PROGRESS MERGER   55,638
    EASTMAN CHEMICAL CO 49,527 44,378
    EASTMAN CHEMICAL CO 5,512 4,931
    EXXON 30,646 258,860
    FLOWSERVE CORP 7,256 5,983
    FLOWSERVE CORP 29,035 23,932
    FLOWSERVE CORP 7,263 5,983
    FLOWSERVE CORP 7,257 5,983
    FORD MOTOR    
    GENERAL ELECTRIC CO    
    GENERAL ELECTRIC CO    
    GREENBRIER CO 44,545 37,611
    HONEYWELL    
    HUNTINGTON BANKSHARES 36,841 42,080
    JOHNSON & JOHNSON 7,262 15,686
    JP MORGAN INCOME    
    JP MORGAN INCOME    
    JP MORGAN INCOME    
    KINDER MORGAN ENERGY    
    KINDER MORGAN ENERGY    
    LILLY ELI & CO 29,242 48,293
    MERCK & CO 18,433 45,432
    NORDIC AMERICAN OFFSHORE 48,630 30,700
    NOVARTIS AG 59,844 64,862
    NUCOR CORP 54,478 49,050
    PARK-HANNIFIN CORP 29,809 32,238
    PENTAIR LTD    
    PFIZER INC    
    PPG INDUDTRIES 35,649 69,345
    PPG INDUSTRIES 24,963 92,460
    PPG INDUSTRIES INC 17,335 60,099
    PROGRESSIVE ENERGY 14,147 233
    PUBLIC SERVICE 42,144 136,653
    ROYAL BANK CANADA 30,108 27,628
    ROYAL DUTCH PETROLEUM 28,047 133,900
    SIEMENS 33,686 28,000
    SIMON PROP GROUP    
    SONRAN SELF STORAGE INC    
    SOUTH JERSEY INDS INC 83,278 82,502
    SOUTHERN COMPANY    
    SUN LOGISTICS PARTNERS LTD 7,893 31,335
    SUN LOGISTICS PARTNERS LTD 22,807 75,204
    SUN POGISTICS PARTNERS LTD 38,171 39,691
    SUNOCO LOGISTIC PTRNS 12,309 43,869
    TAUBMAN CENTERS INC    
    TEXTRON INC 34,138 37,899
    TEXTRON INC 23,723 25,266
    TEXTRON INC 20,222 21,055
    TORONTO DOMINION BANK 26,496 23,890
    VERIZON COMMUNICATION 62,983 112,272
    VISA 26,979 65,550
    WABTEC 32,917 36,928
    WACHOVIA CORP/WELLS FARGO 58,999 15,240
    WILLIAMS COS INC 43,779 33,705

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    US Government Securities - End of Year Book Value:

    22,489
    US Government Securities - End of Year Fair Market Value:

    16,500
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DELAWARE HEALTHCARE AT COST 12,663 13,187
    FIDELITY ADVISOR CLA AT COST 70,005 74,231
    FIDELITY ADVISOR CLA AT COST 30,005 34,158
    FRANKLIN INCOME FUNDS AT COST 156,020 181,589
    FRANKLN INCOME FUNDS AT COST 195,000 226,958
    J P MORGAN TRUST AT COST    
    JP MORGAN INCOME BUILDER CLA AT COST    
    OPPENHEIMER AT COST    
    PRUDENTIAL C US RE AT COST 25,005 24,383
    PRUDENTIAL JENNISON AT COST 30,005 26,100
    STEELPATH MLP AT COST 50,005 52,853
    STEELPATH OPPENHEIMER AT COST 55,010 58,144
    STEELPATH OPPENHEIMER AT COST 89,005 94,075

    TY 2014 OtherExpensesSchedule
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE 1,501      


    TY 2014 OtherIncreasesSchedule
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Description Amount
       
       


    TY 2014 OtherNotesLoansRcvblShortSch2
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Name of 501(c)(3) Organization Balance Due
     
          		52,850
     
          		13,400


    TY 2014 TaxesSchedule
    Name:
    FOSTER KARNEY TRUST FUND
    EIN: 22-6441627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE 2,100      
    FOREIGN INCOME TAX 1,436