Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 06-01-2013 , and ending 05-31-2014
Name of foundation
ELIZABETH M GITT FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)53 SAGE DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
POTTSTOWN, PA19465
A Employer identification number

23-2790834
B Telephone number (see instructions)

(610) 323-4415
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$1,699,121J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 47,501 47,501 47,501
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,873
b Gross sales price for all assets on line 6a 388,218
7 Capital gain net income (from Part IV, line 2)... 9,873
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........ 57,374 57,374 47,501
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 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 1,450 1,450 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,381 5,381 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 23,783 23,783 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,614 30,614 0 0
25 Contributions, gifts, grants paid........ 140,000 140,000
26 Total expenses and disbursements. Add lines 24 and 25 170,614 30,614 0 140,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -113,240
b Net investment income (if negative, enter -0-) 26,760
c Adjusted net income (if negative, enter -0-)... 47,501
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 782,257    
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 115,582 Click to see attachment215,184 215,813
b Investments—corporate stock (attach schedule)........ 50,806 Click to see attachment912,753 1,023,425
c Investments—corporate bonds (attach schedule)........ 371,521 Click to see attachment362,232 363,571
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 271,520 Click to see attachment93,091 96,312
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) 1,591,686 1,583,260 1,699,121
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) Click to see attachment0 Click to see attachment104,814
23 Total liabilities (add lines 17 through 22).......... 0 104,814
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......... 1,591,686 1,478,446
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,591,686 1,478,446
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,591,686 1,583,260
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 1,591,686
2 Enter amount from Part I, line 27a..................... 2 -113,240
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,478,446
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 1,478,446
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 952.702 SHS AMERICAN FD HIGH INCOME TRUST CL A P 2012-11-01 2013-08-30
b 3523.574 SHS AMERICAN FD HIGH INCOME TRUST CL A P 2012-06-30 2013-08-30
c 75 SHS INTL BUSINESS MACHINES P 2013-07-19 2013-10-31
d 800 SHS VODAFONE GROUP P 2013-07-19 2013-11-07
e 10289 SHS AMERICAN FD HIGH INCOME TRUST CL A P 2012-09-30 2013-10-31
8740.886 SHS AMERICAN FD HIGH INCOME TRUST CL A P 2012-09-30 2013-11-25
250 SHS ABBVIE INC P 2013-08-27 2014-04-22
55 SHS CHEVRON CORPORATION P 2013-08-27 2014-04-22
15 SHS CHUBB CORPORATION P 2013-08-27 2014-04-22
25 SHS DISNEY WALT CO P 2013-08-27 2014-04-22
15 SHS GOOGLE INC CL C P 2013-07-19 2014-04-22
13 SHS JOHNSON & JOHNSON P 2013-08-27 2014-04-22
25 SHS MERCK & CO INC P 2013-08-27 2014-04-22
50 SHS NOVO-NORDISK P 2013-08-27 2014-04-22
800 SHS POWERSHARES P 2013-07-19 2014-04-22
25 SHS QUALCOMM INC P 2013-07-19 2014-04-22
10 SHS UNION PACIFIC CORP P 2013-08-27 2014-04-22
22 SHS VERIZON COMMUNICATIONS P 2013-07-19 2014-04-22
27 SHS WELLS FARGO & CO NEW P 2013-11-25 2014-04-22
100 SHS ALLERGAN INC P 2014-02-14 2014-05-05
POWERSHARES EXCH TRAD FD P 2013-07-19 2014-01-14
(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 10,642   10,839 -197
b 39,358   43,113 -3,755
c 13,465   14,597 -1,132
d 29,193   23,678 5,515
e 117,500   123,742 -6,242
99,122   93,826 5,296
12,515   10,686 1,829
6,814   6,809 5
1,351   1,258 93
1,984   1,521 463
8,031   6,708 1,323
1,298   1,126 172
1,439   1,179 260
2,252   1,727 525
19,816   19,492 324
2,017   1,539 478
1,923   1,545 378
1,051   1,101 -50
1,325   1,203 122
16,900   12,434 4,466
222   222 0
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       -197
b       -3,755
c       -1,132
d       5,515
e       -6,242
      5,296
      1,829
      5
      93
      463
      1,323
      172
      260
      525
      324
      478
      378
      -50
      122
      4,466
      0
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 9,873
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 14,574
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 122,300 1,581,300 0.077341
2011 142,866 1,535,458 0.093045
2010 139,959 1,591,217 0.087957
2009 185,000 1,463,194 0.126436
2008 70,000 1,322,623 0.052925
2 Total of line 1, column (d) ...................... 2 0.437704
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 0.087541
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,611,342
5 Multiply line 4 by line 3....................... 5 141,058
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 268
7 Add lines 5 and 6......................... 7 141,326
8 Enter qualifying distributions from Part XII, line 4.............. 8 140,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 535
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............................ 3 535
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- ..... 5 535
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,100
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,100
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 12
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 10 553
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet553 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 page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (610) 323-4415
    Located atbullet53 SAGE DRIVEPOTTSTOWNPA ZIP+4bullet19465
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CARSON G TAYLOR ESQUIRE PRESIDENT
    0.00     		0 0 0
    8 WEST HARRISON STREET
    BOZEMAN,MT59715
    ANDREW L SCHAEFFER TREASURER
    0.00     		0 0 0
    53 SAGE DRIVE
    POTTSTOWN,PA19465
    CYNTHIA GITT SECRETARY
    0.00     		0 0 0
    500 NORTH MICHILLINDA AVE
    SIERRA MADRE,CA91024
    DOUGLAS F REBERT DIRECTOR
    0.00     		0 0 0
    4224 EL CENTRO
    HILLSBOROUGH,CA94010
    JESSICA G NEMBHARD DIRECTOR
    0.00     		0 0 0
    1436 HOLLY ST NW
    WASHINGTON,DC20012
    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 (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    80,567
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    535
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    535
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    80,032
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    80,032
    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
    80,032
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 80,032
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009....... 14,739
    c From 2010....... 64,205
    d From 2011....... 66,657
    e From 2012....... 48,410
    fTotal of lines 3a through e......... 194,011
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 140,000
    a Applied to 2012, 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 2013 distributable amount..... 80,032
    e Remaining amount distributed out of corpus 59,968
    5 Excess distributions carryover applied to 2013. 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 5 253,979
    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 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		253,979
    10 Analysis of line 9:
    a Excess from 2009.... 14,739
    b Excess from 2010.... 64,205
    c Excess from 2011.... 66,657
    d Excess from 2012.... 48,410
    e Excess from 2013.... 59,968
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADAMS HANOVER COUNSELING SERVICES
    625 WEST ELM AVE
    HANOVER,PA17331     		  PUBLIC CHARITY COUSELING SERVICES/BEHAVIORIAL HEALTH & WELLNESS - GENERAL PROGRAM 1,000
    BRADY CENTER FOR PREVENTION OF GUN VIOLENCE
    1225 EYE STREET NW SUITE 110
    WASHINGTON,DC20005     		  PUBLIC CHARITY PREVENT GUN VIOLENCE- GENERAL PROGRAM 5,000
    COMMUNITY VOICES HEARD
    115 EAST 106TH STREET
    NEW YORK,NY10029     		  PUBLIC CHARITY ASSIST LOW INCOME FAMILIES - GENERAL PROGRAM 2,000
    ECOLOGICAL DEMOCRACY INSTITUTE OF NORTH AMERICA (EDINA)
    PO BOX 115
    RIVERDALE,MD207380115     		  PUBLIC CHARITY EDUCATIONAL ASSISTANCE - FOR STAFFING PURPOSES 3,000
    ENGINEERS WO BOARDERS AT MONTANA STATE UNIVERSITY (MSU)
    MONTANA STATE UNIVERSITY SUB BOX 9
    BOZEMAN,MT59717     		  PUBLIC CHARITY SUPPORT WORLDWIDE DEVELOPMENT PROGRAMS THROUGH SUSTAINABLE ENGINEERING PROJECTS FOR THE MONTANA STATE UNIVERSITY CHAPTER 1,000
    FEDERATION OF SOUTHERN COOPERATIVESLAND ASSISTANCE FUND
    2769 CHURCH STREET
    EAST POINT,GA30344     		  PUBLIC CHARITY ASSIST FARMERS IN SOUTH- GENERAL OPERATING FD - SUGGEST SUSTAINABILITY EFFORTS 5,000
    FROSTIG CENTER FOR CHILDREN WITH DISABILITIES
    971 N ALTADENA DRIVE
    PASADENA,CA91107     		  PUBLIC CHARITY EDUCATION FOR DISABLED CHILDREN - SPECIFICALLY FOR SCHOLARSHIPS 5,000
    GREATER CINCINATTI FOUNDATION (FOR CSDW)
    200 WEST FOURTH STREET
    CINCINATTI,OH452022775     		  PUBLIC CHARITY CLEAN WATER & CHILDREN'S HEALTH - CHILDREN'S SAFE DRINKING WATER PROGRAM 10,000
    HANOVER & ADAMS REHABILITATION TRAINING CENTER (HART)
    450 E GOLDEN LANE
    NEW OXFORD,PA17350     		  PUBLIC CHARITY WORK SKILL DEVELOPMENT - GENERAL PROGRAM 1,000
    HANOVER COUNCIL OF CHURCHES
    136 CARLISLE STREET
    HANOVER,PA17331     		  PUBLIC CHARITY RELIGIOUS - SPECIFICALLY FOR MEALS ON WHEELS 1,000
    HANOVER DAY NURSERY
    304 BROADWAY
    HANOVER,PA17331     		  PUBLIC CHARITY CHILD CARE SERVICES - GENERAL PROGRAM 56,500
    HAWK MOUNTAIN SANCTUARY ASSOCIATION
    1700 HAWK MOUNTAIN ROAD
    KEMPTION,PA19529     		  PUBLIC CHARITY ENVIRONMENTAL STEWARDSHIP/BIRD OF PREY RIGHTS - GENERAL PROGRAM 1,000
    HOFFMAN HOME FOR YOUTH
    815 ORPHANAGE ROAD
    LITTLESTOWN,PA17340     		  PUBLIC CHARITY PSYCHIATRIC TREATMENT MENTALLY CHALLENGED INDIVIDUALS - GENERAL PROGRAM 1,000
    JONSSON CANCER FOUNDATION UCLA
    8-950 FACTOR BUILDING BOX 951780
    LOS ANGELES,CA900951780     		  PUBLIC CHARITY CANCER TREATMENT & RESEARCH - GENERAL PROGRAM 2,000
    KIPP INC
    10711 KIPP WAY
    HOUSTON,TX77099     		  PUBLIC CHARITY EDUCATION IN SOUTH AFRICA - SPECIFICALLY FOR THE KHULULA FOUNDATION 8,500
    MONO LAKE COMMITTEE
    PO BOX 29
    LEE VINING,CA93541     		  PUBLIC CHARITY ENVIRONMENTAL STEWARDSHIP/WATER RIGHTS - GENERAL PROGRAM 1,000
    NAACP LEGAL DEFENSE FUND
    99 HUDSON STREET SUITE 1600
    NEW YORK,NY10013     		  PUBLIC CHARITY LEGAL ASSISTANCE - GENERAL PROGRAM 1,000
    NARAL FOUNDATION
    1156 15TH STREET NW SUITE 700
    WASHINGTON,DC200051704     		  PUBLIC CHARITY WOMEN'S RIGHTS/PRO-CHOICE - GENERAL PROGRAM 7,500
    ORGANIZING NEIGHBORHOOD EQUITY (ONE DC)
    PO BOX 26049
    WASHINGTON,DC20001     		  PUBLIC CHARITY ASSIST LOW-INCOME COMMUNITY DEVELOPMENT - GENERAL PROGRAM 11,000
    PLANNED PARENTHOOD OF CENTRAL PA INC
    PO BOX 1469
    YORK,PA17405     		  PUBLIC CHARITY WOMEN'S RIGHTS & HEALTH CARE SERVICES - GENERAL PROGRAM 3,000
    THE SOLAR FOUNDATION
    575 7TH STREET NW SUITE 400
    WASHINGTON,DC20004     		  PUBLIC CHARITY ENVIRONMENT/SOLAR ENERGY - GENERAL PROGRAM 2,000
    TODOS JUNTOS VOCES DE CAMBIO
    C/O ELENA BELLE WHITE 24 KINGSBORO
    PARK
    JAMICA PLAINS,MA02103     		  PUBLIC CHARITY EDUCATION PROGRAM FOR TEENAGE GIRLS IN GUATEMALA - SPECIFICALLY FOR VOCES DE CAMBIO 1,000
    PEACE DEVELOPMENT FUND
    11 ARLINGTON STREET
    BOSTON,MA02116     		  PUBLIC CHARITY WOMEN'S RIGHTS - GENERAL PROGRAM - SPECIFICALLY FOR "WILPF CHARITABLE DONATION" 1,000
    YORK COUNTY BLIND CENTER
    1380 SPAHN AVENUE
    YORK,PA17403     		  PUBLIC CHARITY SUPPORT FOR THE BLIND - GENERAL PROGRAM 1,000
    YWCA OF HANOVER
    23 W CHESTNUT STREET
    HANOVER,PA17331     		  PUBLIC CHARITY WOMEN'S RIGHTS - GENERAL PROGRAM 2,500
    ALZHEIMER'S ASSOCIATION
    PO BOX 96011
    WASHINGTON,DC200906011     		  PUBLIC CHARITY ASSOCIATION FOR R&D/TREATMENT OF ALZHEIMER'S DISEASE - SPECIFICALLY FOR R&D PURPOSES 1,000
    DR ED AND SUSAN GORDON - COMMUNITY PARTNERSHIP
    5 COOPER MORRIS DRIVE
    POMONA,NY10970     		  PUBLIC CHARITY PARTNERSHIP FOR EDUCATION - SPECIFICALLY FOR CEJJES INSTITUTE - SUPPORT FOLLOW UP BOOK FOR DR. ED GORDON 5,000
    Total .................................bullet 3a 140,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 47,501  
    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 .............     		    14 9,873  
    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 57,374 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1357,374
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,450 1,450 0 0

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Name of Bond End of Year Book Value End of Year Fair Market Value
    A T & T INC 5.8% DUE 2/15/19 58,415 58,138
    CLOROX 5% DUE 1/15/15 51,241 51,371
    CVX CAREMARK 4.75% DUE 5/18/20 56,403 55,811
    GOLDMAN SACHS 6.25% DUE 9/1/17 56,509 57,130
    JPMORGAN CHASE 1.125% DUE 2/26/16 54,934 55,313
    KINDER MORGAN 5.95% DUE 2/15/18 28,555 28,628
    MORGAN STANLEY 6.25% DUE 8/28/17 56,175 57,180

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS 5.5% PFD 0 0
    WELLS FARGO 5.25% PFD 0 0
    BERKSHIRE HATHAWAY B NEW 12,173 13,476
    BHP BILLITON LTD ADR 13,060 12,490
    BLACKROCK INC 11,688 13,720
    BOEING CO 13,029 13,525
    CVS CAREMARK CORP 11,578 15,664
    CELGENE CORP 11,922 12,242
    CERNER CORP 11,640 10,810
    CHEVRON CORPORATION 17,315 17,805
    CHICAGO BRIDGE & IRON 12,183 13,350
    CHUBB CORPORATION 10,899 12,046
    CISCO SYSTEMS INC 14,773 14,157
    CITIGROUP INC NEW 8,838 8,563
    CLOROX COMPANY 9,944 10,754
    COLGATE PALMOLIVE CO 9,321 11,012
    CONOCO PHILLIPS 14,890 17,987
    COSTCO WHSL CORP 11,425 11,602
    CUMMINS INC 12,224 15,293
    DISCOVER FINANCIAL SVCS 12,516 13,009
    DISNEY WALT CO 10,646 14,702
    DOMINION RES INC VA 10,493 12,068
    DU PONT EI DE NEMOUR & CO 12,989 14,624
    E M C CORP MASS 14,682 15,272
    EBAY INC 13,223 12,683
    EMERSON ELECTRIC 11,539 12,679
    FORD MOTOR COMPANY 9,159 9,864
    GENERAL ELECTRIC COMPANY 13,885 16,074
    GILEAD SCIENCES INC 13,392 13,400
    JP MORGAN CHASE & CO 11,448 12,503
    LOWES COMPANIES INC 11,521 11,770
    MEDTRONIC INC 12,153 14,342
    MERCK & CO INC' 10,614 13,019
    MICROSOFT CORP 14,378 18,832
    MYLAN INC 7,588 9,968
    NESTLE SA REG ADR 14,041 14,929
    NEXTERA ENERGY INC 10,484 11,975
    NOVARTIS AS SPON ADR 8,651 9,006
    NOVO NORDISK ADR 11,226 13,741
    ORACLE CORPORATION 14,331 18,909
    PROCTER & GAMBLE 9,390 9,695
    QUALCOMM INC 13,847 18,101
    ROCHE HLDG LTD SPON 12,017 13,649
    STRYKER CORP 12,117 15,208
    T J X COS INC 10,630 10,890
    TAIWAN SEMICONDUCTOR 14,252 17,990
    TARGET CORPORATION 11,433 10,217
    UNION PACIFIC CORP 13,907 17,934
    UNITED TECHNOLOGIES CORP 13,255 13,946
    VF CORPORATION 10,262 13,864
    VERIZON COMMUNICATIONS 22,512 22,482
    WALMART STORES INC 10,211 10,748
    WELLS FARGO 5.25% PFD 24,796 23,550
    WELLS FARGO & CO NEW 11,142 12,695
    GOLDMAN SACHS 5.5% PFD 26,010 24,020
    GOOGLE INC CLASS A 12,205 14,291
    HALLIBURTON CO HLDG CO 13,363 16,160
    HOLLYFRONTIER CORP 8,913 8,619
    HOME DEPOT INC 13,291 13,639
    INTEL CORP 14,865 17,758
    INTUIT INC 16,394 20,219
    JOHNSON & JOHNSON 11,258 13,190
    JOHNSON CONTROLS INC 11,082 13,299
    AFLAC INC 10,454 11,021
    ABBOTT LABORATORIES 11,449 13,403
    ACCENTURE PLC CL A 14,985 16,290
    ACE LIMITED NEW 11,093 12,964
    AMERICAN EXPRESS COMPANY 10,798 13,725
    AMERICAN WATER WORKS CO 10,653 12,104
    AMGEN INCORPORATED 13,112 12,759
    APPLE INC 14,956 22,155
    AUTO DATA PROCESSING 14,574 15,936
    WILLIAM COMPANIES 14,449 18,784
    3M COMPANY 13,217 14,255

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    US Government Securities - End of Year Book Value:

    99,845
    US Government Securities - End of Year Fair Market Value:

    98,194
    State & Local Government Securities - End of Year Book Value:


    115,339
    State & Local Government Securities - End of Year Fair Market Value:


    117,619


    TY 2013 InvestmentsOtherSchedule2
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN FD HIGH INCOME TRUST AT COST 0 0
    PIMCO INCOME INST BD FD AT COST 20,113 20,408
    POWERSHARES EXCH TRAD FD AT COST 19,492 20,296
    VANGUARD FTSE EUROPE AT COST 34,180 36,588
    WISDOMTREE TRUST EMERGING SMALLCAP AT COST 19,306 19,020

    TY 2013 OtherExpensesSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 13,060 13,060 0 0
    AMORTIZATION OF BOND PREMIUM 10,723 10,723 0 0


    TY 2013 OtherLiabilitiesSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Description Beginning of Year - Book Value End of Year - Book Value
    CASH OVERDRAFT 0 104,814


    TY 2013 TaxesSchedule
    Name:
    ELIZABETH M GITT FOUNDATION
    EIN: 23-2790834
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 5,381 5,381 0 0