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
PAUL L JONES FUND WEBSTER BANK NA
 

Number and street (or P.O. box number if mail is not delivered to street address)123 BANK STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WATERBURY, CT06702
A Employer identification number

06-6222118
B Telephone number (see instructions)

(860) 692-1751
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$6,832,308J 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      
4 Dividends and interest from securities...... 155,821 155,821  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 118,033
b Gross sales price for all assets on line 6a 1,785,961
7 Capital gain net income (from Part IV, line 2)... 118,033
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........ 273,854 273,854  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,679 50,679   0
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 3,555 0   3,555
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,232 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 750 0   750
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 57,216 50,679   4,305
25 Contributions, gifts, grants paid........ 380,000 380,000
26 Total expenses and disbursements. Add lines 24 and 25 437,216 50,679   384,305
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -163,362
b Net investment income (if negative, enter -0-) 223,175
c Adjusted net income (if negative, enter -0-)...  
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...............      
2 Savings and temporary cash investments.......... 322,374 436,177 436,177
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 200 3,968 3,968
10a Investments—U.S. and state government obligations (attach schedule) 8,513 Click to see attachment4,938 5,594
b Investments—corporate stock (attach schedule)........ 3,130,503 Click to see attachment3,087,497 5,174,000
c Investments—corporate bonds (attach schedule)........ 1,460,300 Click to see attachment1,225,948 1,212,569
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) 4,921,890 4,758,528 6,832,308
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 21,027 24,384
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,900,863 4,734,144
30 Total net assets or fund balances (see instructions)...... 4,921,890 4,758,528
31 Total liabilities and net assets/fund balances (see instructions).. 4,921,890 4,758,528
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 4,921,890
2 Enter amount from Part I, line 27a..................... 2 -163,362
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,758,528
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,758,528
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.)
1 a VANGUARD SHORT-TERM TIPS, 1,998.00 SHARES   2014-06-20 2015-01-07
b SYMANTEC CORPORATION, 3,500.00 SHARES   2014-12-03 2015-05-15
c DODGE & COX INCOME FUND #147, 10,838.15 SHARES   2015-01-07 2015-06-09
d DODGE & COX INCOME FUND #147, 2,153.625 SHARES   2014-06-20 2015-06-09
e ISHARES S&P 100 ETF, 1,124.00 SHARES   2015-01-07 2015-06-09
DEUTSCHE X*TRACKERS MSCI JAPAN HEDGE, 2,806.00 SHARES   2015-01-07 2015-07-31
DISCOVERY COMMUNICATIONS CL A, 1,500.00 SHARES   2015-01-07 2015-10-02
PJT PARTNERS INC CL A, 37.00 SHARES   2015-03-06 2015-10-02
PJT PARTNERS INC CL A, 0.50 SHARES   2015-03-06 2015-10-08
GNMA PL #372801 7.500% 2/15/24, 6.60 SHARES   1997-03-05 2014-11-15
GNMA PL #490800 6.000% 11/15/28, 42.38 SHARES   1998-12-04 2014-11-15
CALIFORNIA RESOURCES CORP, 160.00 SHARES   2013-05-08 2014-12-04
CALIFORNIA RESOURCES CORP, 80.00 SHARES   2013-06-12 2014-12-04
GNMA PL #372801 7.500% 2/15/24, 10.90 SHARES   1997-03-05 2014-12-15
GNMA PL #490800 6.000% 11/15/28, 348.69 SHARES   1998-12-04 2014-12-15
SCOUT INTERNATIONAL FUND, 1,990.446 SHARES   2008-05-30 2015-01-07
SCOUT INTERNATIONAL FUND, 672.948 SHARES   2009-05-07 2015-01-07
SCOUT INTERNATIONAL FUND, 345.543 SHARES   2009-11-09 2015-01-07
SCOUT INTERNATIONAL FUND, 351.741 SHARES   2010-02-22 2015-01-07
SCOUT INTERNATIONAL FUND, 510.031 SHARES   2010-03-10 2015-01-07
SCOUT INTERNATIONAL FUND, 658.979 SHARES   2010-04-01 2015-01-07
SCOUT INTERNATIONAL FUND, 1,737.318 SHARES   2012-05-29 2015-01-07
EXPEDITORS INTL WASH INC, 1,000.00 SHARES   2013-06-12 2015-01-07
SOUTHWESTERN ENERGY CO, 400.00 SHARES   2011-09-22 2015-01-07
SOUTHWESTERN ENERGY CO, 500.00 SHARES   2011-11-22 2015-01-07
VANGUARD SHORT-TERM TIPS, 1,200.00 SHARES   2013-03-22 2015-01-07
GNMA PL #372801 7.500% 2/15/24, 6.71 SHARES   1997-03-05 2015-01-15
GNMA PL #490800 6.000% 11/15/28, 41.81 SHARES   1998-12-04 2015-01-15
MERRILL LYNCH MTN 5.000% 1/15/15, 25,000.00 SHARES   2008-03-03 2015-01-15
GNMA PL #372801 7.500% 2/15/24, 6.76 SHARES   1997-03-05 2015-02-15
GNMA PL #490800 6.000% 11/15/28, 40.90 SHARES   1998-12-04 2015-02-15
METLIFE INC, 875.00 SHARES   2010-12-21 2015-03-06
METLIFE INC, 500.00 SHARES   2011-05-31 2015-03-06
METLIFE INC, 500.00 SHARES   2011-08-05 2015-03-06
GNMA PL #372801 7.500% 2/15/24, 6.80 SHARES   1997-03-05 2015-03-15
GNMA PL #490800 6.000% 11/15/28, 1,231.06 SHARES   1998-12-04 2015-03-15
FIDELITY FLOATING RATE H/INC, 3,070.624 SHARES   2010-12-21 2015-03-31
FIDELITY FLOATING RATE H/INC, 7,042.254 SHARES   2012-09-28 2015-03-31
FIDELITY FLOATING RATE H/INC, 2,502.503 SHARES   2013-03-22 2015-03-31
GNMA PL #372801 7.500% 2/15/24, 6.52 SHARES   1997-03-05 2015-04-15
GNMA PL #490800 6.000% 11/15/28, 37.62 SHARES   1998-12-04 2015-04-15
GNMA PL #372801 7.500% 2/15/24, 6.83 SHARES   1997-03-05 2015-05-15
GNMA PL #490800 6.000% 11/15/28, 377.80 SHARES   1998-12-04 2015-05-15
OPPENHEIMER DEVELOPING MKT -Y, 2,619.682 SHARES   2012-09-25 2015-05-15
GOOGLE INC CLASS C, 0.316 SHARES   2010-07-01 2015-05-19
DODGE & COX INCOME FUND #147, 689.375 SHARES   2005-06-08 2015-06-09
DODGE & COX INCOME FUND #147, 1,962.323 SHARES   2005-08-11 2015-06-09
DODGE & COX INCOME FUND #147, 1,959.248 SHARES   2005-08-15 2015-06-09
DODGE & COX INCOME FUND #147, 2,030.869 SHARES   2006-07-19 2015-06-09
DODGE & COX INCOME FUND #147, 2,000.00 SHARES   2006-08-23 2015-06-09
DODGE & COX INCOME FUND #147, 25.749 SHARES   2010-01-22 2015-06-09
GNMA PL #372801 7.500% 2/15/24, 10.86 SHARES   1997-03-05 2015-06-15
GNMA PL #490800 6.000% 11/15/28, 37.42 SHARES   1998-12-04 2015-06-15
GNMA PL #372801 7.500% 2/15/24, 6.68 SHARES   1997-03-05 2015-07-15
GNMA PL #490800 6.000% 11/15/28, 687.13 SHARES   1998-12-04 2015-07-15
GNMA PL #372801 7.500% 2/15/24, 6.72 SHARES   1997-03-05 2015-08-15
GNMA PL #490800 6.000% 11/15/28, 27.16 SHARES   1998-12-04 2015-08-15
TEMPLETON GLOBAL BOND FUND, 7,507.508 SHARES   2012-09-27 2015-08-26
TEMPLETON GLOBAL BOND FUND, 2,247.191 SHARES   2012-09-28 2015-08-26
TEMPLETON GLOBAL BOND FUND, 2,260.738 SHARES   2014-06-20 2015-08-26
MORGAN STAN MTN V-Q 3.000% 8/31/15, 50,000.00 SHARES   2011-08-26 2015-08-31
GNMA PL #372801 7.500% 2/15/24, 6.77 SHARES   1997-03-05 2015-09-15
GNMA PL #490800 6.000% 11/15/28, 27.30 SHARES   1998-12-04 2015-09-15
CORNING INC, 475.00 SHARES   2012-01-13 2015-09-18
CORNING INC, 2,000.00 SHARES   2012-01-17 2015-09-18
CORNING INC, 1,500.00 SHARES   2012-01-25 2015-09-18
CORNING INC, 525.00 SHARES   2013-06-21 2015-09-18
INTL. BUSINESS MACHINES CORP, 250.00 SHARES   1978-11-13 2015-09-18
INTL. BUSINESS MACHINES CORP, 100.00 SHARES   2009-05-26 2015-09-18
GNMA PL #372801 7.500% 2/15/24, 6.82 SHARES   1997-03-05 2015-10-15
GNMA PL #490800 6.000% 11/15/28, 604.12 SHARES   1998-12-04 2015-10-15
GENERAL ELECTRIC CLASS ACTION, 0.00 SHARES   2014-12-02 2014-12-02
SCHERLING PLOUGH CLASS ACTION, 0.00 SHARES   2015-03-31 2015-03-31
BANK OF AMERICA CLASS ACTION, 0.00 SHARES   2015-08-20 2015-08-20
CITIGROUP CLASS ACTION, 0.00 SHARES   2015-10-05 2015-10-05
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 96,162   100,178 -4,016
b 85,888   92,124 -6,236
c 148,374   150,000 -1,626
d 29,483   30,000 -517
e 103,372   100,249 3,123
119,333   102,431 16,902
37,517   47,972 -10,455
739   998 -259
10   13 -3
7   7 0
42   42 0
1,110   1,242 -132
555   635 -80
11   11 0
349   347 2
62,420   75,000 -12,580
21,104   15,000 6,104
10,836   10,000 836
11,031   10,000 1,031
15,995   15,000 995
20,666   20,000 666
54,482   50,000 4,482
42,406   37,720 4,686
9,912   14,027 -4,115
12,390   18,550 -6,160
57,755   60,432 -2,677
7   7 0
42   42 0
25,000   24,516 484
7   7 0
41   41 0
46,314   39,095 7,219
26,465   21,945 4,520
26,465   18,345 8,120
7   7 0
1,231   1,224 7
29,846   30,000 -154
68,451   70,000 -1,549
24,324   25,000 -676
7   7 0
38   37 1
7   7 0
378   376 2
95,776   87,366 8,410
170   69 101
9,438   8,893 545
26,864   25,000 1,864
26,822   25,000 1,822
27,803   25,000 2,803
27,380   25,000 2,380
353   338 15
11   11 0
37   37 0
7   7 0
687   683 4
7   7 0
27   27 0
85,360   100,000 -14,640
25,551   30,000 -4,449
25,705   30,000 -4,295
50,000   50,000 0
7   7 0
27   27 0
8,460   6,683 1,777
35,623   28,608 7,015
26,717   19,877 6,840
9,351   7,558 1,793
36,359   4,245 32,114
14,544   10,243 4,301
7   7 0
604   601 3
23     23
1,333     1,333
1,618     1,618
12     12
58,699     58,699
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       -4,016
b       -6,236
c       -1,626
d       -517
e       3,123
      16,902
      -10,455
      -259
      -3
      0
      0
      -132
      -80
      0
      2
      -12,580
      6,104
      836
      1,031
      995
      666
      4,482
      4,686
      -4,115
      -6,160
      -2,677
      0
      0
      484
      0
      0
      7,219
      4,520
      8,120
      0
      7
      -154
      -1,549
      -676
      0
      1
      0
      2
      8,410
      101
      545
      1,864
      1,822
      2,803
      2,380
      15
      0
      0
      0
      4
      0
      0
      -14,640
      -4,449
      -4,295
      0
      0
      0
      1,777
      7,015
      6,840
      1,793
      32,114
      4,301
      0
      3
      23
      1,333
      1,618
      12
      58,699
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 2 118,033
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 380,000 6,732,441 0.056443
2012 363,591 6,059,318 0.060005
2011 302,950 5,848,825 0.051797
2010 329,779 5,807,096 0.056789
2009 319,767 5,733,958 0.055767
2 Total of line 1, column (d) ...................... 2 0.280801
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 0.056160
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,798,907
5 Multiply line 4 by line 3....................... 5 381,827
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,232
7 Add lines 5 and 6......................... 7 384,059
8 Enter qualifying distributions from Part XII, line 4.............. 8 384,305
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 2,232
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,232
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,232
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,968
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,968 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 ofbulletWEBSTER BANK NA Telephone no.bullet (203) 578-2450
    Located atbulletPO BOX 191WATERBURYCT ZIP+4bullet067209982
    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
     
    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 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
    WEBSTER BANK NA TRUSTEE
    2.00     		50,679 0 0
    123 BANK STREET
    WATERBURY,CT06702
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,523,168
    b
    Average of monthly cash balances.......................
    1b
    379,276
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,902,444
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,902,444
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    103,537
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,798,907
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    339,945
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    339,945
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,232
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,232
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    337,713
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    337,713
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    337,713
    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
    384,305
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    384,305
    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
    2,232
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    382,073
    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 7 337,713
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 35,935
    b From 2010....... 42,266
    c From 2011....... 20,439
    d From 2012....... 67,833
    e From 2013....... 49,574
    fTotal of lines 3a through e......... 216,047
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 384,305
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 337,713
    e Remaining amount distributed out of corpus 46,592
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 262,639
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    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) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		35,935
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		226,704
    10 Analysis of line 9:
    a Excess from 2010.... 42,266
    b Excess from 2011.... 20,439
    c Excess from 2012.... 67,833
    d Excess from 2013.... 49,574
    e Excess from 2014.... 46,592
    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
    CENTRAL CONNECTICUT STATE UNIVERSITY
    1615 STANLEY STREET
    NEW BRITAIN,CT06050     		NONE N/A SCHOLARSHIPS 20,000
    FAIRFIELD UNIVERSITY
    1073 NORTH BENSON RD
    FAIRFIELD,CT06824     		NONE N/A SCHOLARSHIPS 50,000
    MANCHESTER COMMUNITY COLLEGE
    161 HILLSTOWN RD
    MANCHESTER,CT06045     		NONE N/A SCHOLARSHIPS 40,000
    MIDDLESEX COMMUNITY COLLEGE
    100 TRAINING HILL RD
    MIDDLETOWN,CT06457     		NONE N/A SCHOLARSHIPS 10,000
    QUINNIPIAC UNIVERSITY
    275 MOUNT CARMEL AVE
    HAMDEN,CT06518     		NONE N/A SCHOLARSHIPS 50,000
    SACRED HEART UNIVERSITY
    5151 PARK AVENUE
    FAIRFIELD,CT06825     		NONE N/A SCHOLARSHIPS 30,000
    SOUTHERN CONN STATE UNIVERSITY
    501 CRESCENT STREET
    NEW HAVEN,CT06515     		NONE N/A SCHOLARSHIPS 20,000
    ST VINCENT COLLEGE
    2800 MAIN STREET
    BRIDGEPORT,CT06606     		NONE N/A SCHOLARSHIPS 20,000
    THREE RIVERS COMMUNITY COLLEGE
    574 NEW LONDON TURNPIKE
    NORWICH,CT06360     		NONE N/A SCHOLARSHIPS 20,000
    UNIVERSITY OF CONNECTICUT FOUNDATION
    2390 ALUMNI DR UNIT 3206
    STORRS,CT06269     		NONE N/A SCHOLARSHIPS 50,000
    UNIVERSITY OF ST JOSEPH
    1678 ASYLUM AVE
    HARTFORD,CT06117     		NONE N/A SCHOLARSHIPS 50,000
    WESTERN CONNECTICUT STATE UNIVERSITY
    181 WHITE STREET
    DANBURY,CT06810     		NONE N/A SCHOLARSHIPS 20,000
    Total .................................bullet 3a 380,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		         
    4 Dividends and interest from securities....     14 155,821  
    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 .............     		    18 118,033  
    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).. 0 273,854 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13273,854
    (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:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KIRCALDIE RANDALL & MCNAB LLC 3,555 0   3,555

    TY 2014 ExplnOfNonFilingWithAGStmt
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Statement:
    NOT REQUIRED BECAUSE FOUNDATION DOES NOT SOLICIT FUNDS

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALCOA 5.55% 2/01/2017, 25000 SHARES 24,594 26,000
    BARCLAYS BANK VAR% 6/24/2018, 25000 SHARES 25,000 27,048
    FORD MOTOR CR 4.15% 8/20/2023, 50000 SHARES 50,000 48,902
    GOLDMAN SACHS VAR% 4/29/2028, 50000 SHARES 45,467 48,443
    MERRILL LYNCH 5% 1/15/2015, 25000 SHARES 0 0
    MORGAN STANLEY VAR% 8/13/2015, 50000 SHARES 0 0
    JP MORGAN CHASE VAR% 5/31/2021, 35000 SHARES 34,913 34,816
    MFS EMERGING MARKETS DEBT FD, 3272 SHARES 50,000 46,302
    TEMPLETONGLOBAL BD FD, 12015 SHARES 0 0
    FIDELITY FLOATING RATE HIGH INCOME FD, 12615 SHARES 0 0
    DODGE & COX INCOME FUND, 10821 SHARES 0 0
    HARBOR BOND FUND, 16405 SHARES 195,974 195,546
    METROPOLITAN WEST TOTAL RETURN BOND FD 27804 SHARES 300,000 300,834
    T ROWE PRICE HIGH YIELD FUND, 22569 SHARES 150,000 146,025
    VANGUARD INT TERM CORP, 9560 SHARES 100,000 93,499
    VANGUARD ST INVESTMENT GRADE FD, 11531 SHARES 125,000 122,694
    VANGUARD SHORT-TERM INFLATION PROT IDX FD, 3198 SHARES 0 0
    WESTERN ASSET CORE PLUS BOND FD, 10584 SHARES 125,000 122,460

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON, 120 SHARES 29,741 75,108
    APACHE, 835 SHARES 70,046 39,354
    APPLE, 1575 SHARES 32,748 188,213
    BANK OF AMERICA, 6000 SHARES 46,839 100,680
    BLACKROCK, 300 SHARES 46,693 105,591
    BLACKSTONE GROUP 1500 SHARES 57,304 49,590
    CAPITAL ONE FINANCIAL, 1250 SHARES 68,569 98,625
    CERNER, 1000 SHARES 51,990 66,290
    CHEVRON, 850 SHARES 52,596 77,248
    CHUBB, 1100 SHARES 101,580 142,285
    CISCO, 2250 SHARES 49,468 64,913
    COGNIZANT TECHNOLOGY 1000 SHARES 63,433 68,110
    CORNING, 4500 SHARES 0 0
    CUMMINS, 600 SHARES 78,713 62,106
    CVS, 1400 SHARES 57,252 138,292
    DANAHER, 1225 SHARES 34,522 114,305
    DUNKIN BRANDS, 1000 SHARES 30,275 41,410
    EMC, 1325 SHARES 37,524 34,742
    ECOLAB, 675 SHARES 36,036 81,236
    EXPEDITORS INT'L, 1000 SHARES 0 0
    EXPRESS SCRIPTS, 1125 SHARES 62,643 97,178
    EXXON MOBIL, 750 SHARES 21,715 62,055
    FISERV, 1000 SHARES 45,005 96,510
    GENERAL ELECTRIC, 4500 SHARES 53,365 130,140
    GILEAD SCIENCES, 440 SHARES 50,635 47,577
    GOOGLE, CL C, 115 SHARES 25,259 81,743
    GOOGLE, CL A, 115 SHARES 25,262 84,800
    IBM, 350 SHARES 0 0
    INTEL, 900 SHARES 21,604 30,474
    ISHARES NASDAQ BIOTECH INDEX FD, 500 SHARES 62,393 162,730
    ITC HOLDINGS, 2280 SHARES 62,098 74,602
    JOHNSON & JOHNSON, 800 SHARES 16,897 80,824
    JOHNSON CONTROLS, 2350 SHARES 74,743 106,173
    JP MORGAN CHASE, 1800 SHARES 40,455 115,650
    LABORATORY CORP OF AMERICA, 650 SHARES 46,814 79,781
    LAZARD, 1500 SHARES 76,424 69,480
    METLIFE, 1875 SHARES 0 0
    MICROSOFT, 1250 SHARES 39,764 65,800
    MONDELEZ INT'L, 2300 SHARES 56,777 106,168
    OCCIDENTAL PETE, 600 SHARES 51,974 44,724
    ORACLE, 2350 SHARES 48,254 91,274
    PEPSICO, 950 SHARES 33,974 97,081
    PFIZER, 1800 SHARES 28,731 60,876
    PNC FINANCIAL, 600 SHARES 44,292 54,156
    PROCTER & GAMBLE, 975 SHARES 8,845 74,471
    SCHUMBERGER, 850 SHARES 71,884 66,436
    SOUTHWESTERN ENERGY, 900 SHARES 0 0
    STERICYCLE, 350 SHARES 19,356 42,480
    TARGET, 925 SHARES 45,870 71,392
    THERMO FISHER SCIENTIFIC, 650 SHARES 33,933 85,007
    TRAVELERS, 925 SHARES 49,454 104,423
    UNDER ARMOUR, 1800 SHARES 31,407 171,144
    UNITED TECHNOLOGIES, 950 SHARES 22,205 93,490
    VERIZON COMMUNICATIONS, 315 SHARES 14,715 14,767
    WHOLE FOODS, 1500 SHARES 55,916 44,940
    BANK OF AMERICA 7.25% PFD, 40 SHARES 34,889 44,191
    MORGAN STANLEY CP TR IV, 4200 SHARES 84,208 108,150
    FIDELITY SMALL CAP DISCOVERY FD, 3264 SHARES 75,000 92,102
    JANUS TRITON FD, 2222 SHARES 35,000 52,711
    JP MORGAN MID CAP VALUE FD, 3593 SHARES 100,000 132,699
    T ROWE PRICE MID-CAP GROWTH FD, 1724 SHARES 100,000 139,862
    MFS INT'L FUND, 5988 SHARES 150,000 221,976
    ISHARES MSCI JAPAN ETF, 9231 SHARES 119,782 113,726
    WISDOMTREE EUROPE HEDGED EQUITY 1845 SHARES 100,626 112,139
    OPPENHEIMER DEVELOPING MARKETS, 2620 SHARES 0 0
    SCOUT INTERNATIONAL FUND, 6267 SHARES 0 0

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    US Government Securities - End of Year Book Value:

    4,938
    US Government Securities - End of Year Fair Market Value:

    5,594
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 OtherExpensesSchedule
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROBATE FEES 750 0   750


    TY 2014 TaxesSchedule
    Name:
    PAUL L JONES FUND WEBSTER BANK NA
    EIN: 06-6222118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX, FYE 10/31/15 2,232 0   0