Frada Fine Scholarship Fund — Form 990PF, tax year 2014

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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
FRADA FINE SCHOLARSHIP FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)148 SOUTH QUEEN STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARTINSBURG, WV25401
A Employer identification number

55-6164208
B Telephone number (see instructions)

(304) 264-2263
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$4,952,661J 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 32,301 32,301 32,301
4 Dividends and interest from securities...... 122,192 122,192 122,192
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 155,995
b Gross sales price for all assets on line 6a 2,420,739
7 Capital gain net income (from Part IV, line 2)... 17,027
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)....... Click to see attachment 967   967
12 Total. Add lines 1 through 11........ 311,455 171,520 155,460
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 870     870
b Accounting fees (attach schedule)....... Click to see attachment 5,250     5,250
c Other professional fees (attach schedule).... Click to see attachment 59,472 29,736   29,736
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,773 1,903    
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 280 252   28
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,645 31,891   35,884
25 Contributions, gifts, grants paid........ 290,230 290,230
26 Total expenses and disbursements. Add lines 24 and 25 358,875 31,891   326,114
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,420
b Net investment income (if negative, enter -0-) 139,629
c Adjusted net income (if negative, enter -0-)... 155,460
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............... 28,917 286 178
2 Savings and temporary cash investments.......... 209,786 102,712 102,712
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) 300,691 Click to see attachment198,765 206,490
b Investments—corporate stock (attach schedule)........ 1,540,137 Click to see attachment1,491,611 2,526,843
c Investments—corporate bonds (attach schedule)........ 1,690,155 Click to see attachment1,823,194 1,882,445
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 83,423 Click to see attachment189,121 233,993
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) 3,853,109 3,805,689 4,952,661
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,853,109 3,805,689
30 Total net assets or fund balances (see instructions)...... 3,853,109 3,805,689
31 Total liabilities and net assets/fund balances (see instructions).. 3,853,109 3,805,689
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 3,853,109
2 Enter amount from Part I, line 27a..................... 2 -47,420
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,805,689
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,805,689
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 17,027
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 325,598 4,798,316 0.067857
2012 277,351 4,609,528 0.060169
2011 334,083 4,639,689 0.072005
2010 297,761 4,772,562 0.062390
2009 300,007 4,652,830 0.064478
2 Total of line 1, column (d) ...................... 2 0.326899
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 0.065380
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,920,609
5 Multiply line 4 by line 3....................... 5 321,709
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,396
7 Add lines 5 and 6......................... 7 323,105
8 Enter qualifying distributions from Part XII, line 4.............. 8 326,114
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 1,396
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,396
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,396
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,200
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 1,200
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 9 196
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWV
    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
     
     
    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 ofbulletMARTIN KEESECKER Telephone no.bullet (304) 264-2263
    Located atbullet148 S QUEEN STMARTINSBURGWV ZIP+4bullet25401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
     
    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
    BRANCH BANKING & TRUST COMPANY TRUST OFFICE
    10.00     		0 0 0
    148 SOUTH QUEEN STREET
    MARTINSBURG,WV25401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 AWARDING OF SCHOLARSHIPS TO SHEPHERD UNIVERSITY TO GRADUATES OF MARTINSBURG HIGH SCHOOL 256,230
    2 GRANT TO EASTERN WEST VIRGINIA COMMUNITY FOUNDATION - FRADA FINE EDUCATION FUND FOR EDUCATIONAL SCHOLARSHIPS. 28,000
    3 SCHOLARSHIP ADWARD TO BLUE RIDGE CTC 6,000
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,802,173
    b
    Average of monthly cash balances.......................
    1b
    193,369
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,995,542
    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
    4,995,542
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    74,933
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,920,609
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    246,030
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    246,030
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,396
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,396
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    244,634
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    244,634
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    244,634
    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
    326,114
    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
    326,114
    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
    1,396
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    324,718
    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 7 244,634
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 69,831
    b From 2010....... 61,275
    c From 2011....... 104,847
    d From 2012....... 49,762
    e From 2013....... 87,942
    fTotal of lines 3a through e......... 373,657
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 326,114
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 244,634
    e Remaining amount distributed out of corpus 81,480
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 455,137
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		69,831
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		385,306
    10 Analysis of line 9:
    a Excess from 2010.... 61,275
    b Excess from 2011.... 104,847
    c Excess from 2012.... 49,762
    d Excess from 2013.... 87,942
    e Excess from 2014.... 81,480
    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
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 131,400
    SHEPHERD UNIVERSITY
    OFFICE OF FINANCIAL AID
    SHEPHERDSTOWN,WV254433210     		NONE 509(A)1 TUTION 124,830
    BLUE RIDGE COMMUNITY & TECH COLLEGE
    OFFICE OF FINANCIAL AID
    MARTINSBURG,WV25405     		NONE 509(A)1 TUTION 6,000
    EASTERN WEST VIRGINIA COMMUNITY FOU
    229 EAST MARTIN ST
    MARTINSBURG,WV25401     		NONE 509(A) 2 CHARTIABLE EDUCATION 28,000
    Total .................................bullet 3a 290,230
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    25 32,301  
    4 Dividends and interest from securities....     25 122,192  
    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 .............     		    25 7,177 148,818
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aINVESTMENT LITIGATION RECEIPT     25 97  
    bINCOME TAX REFUND     41 870  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   162,637 148,818
    13Total. Add line 12, columns (b), (d), and (e)..................
    13311,455
    (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:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,250     5,250

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AIA GROUP LTD 2012-10 PURCHASE 2014-05   9,172 7,318     1,854  
    AECOM TECHOLOGY CORP 2012-10 PURCHASE 2014-12   23 23        
    AECOM TECHNOLOGY CORP 2012-10 PURCHASE 2015-03   7,991 8,163     -172  
    ALLIANZ COMMON 2012-02 PURCHASE 2014-05   7,280 5,113     2,167  
    ANADARKO PETE CORP 2006-09 PURCHASE 2014-05   2,569 1,080     1,489  
    ANADARKO PETE CORP 2013-01 PURCHASE 2014-05   13,360 10,143     3,217  
    APPLE COMPUTER CORPORATION COMMON 2013-09 PURCHASE 2015-03   14,944 8,310     6,634  
    ARM HOLDING PLC 2012-10 PURCHASE 2014-05   8,144 5,216     2,928  
    BAIDU INC. 2013-09 PURCHASE 2014-05   9,713 9,122     591  
    BLACKHAWK NETWORK HOLDINGS I COMMON 2014-04 PURCHASE 2014-05   3 3        
    BLACKHAWK NETWORK HOLDINGS I COMMON 2014-04 PURCHASE 2014-05   1,402 1,432     -30  
    CIGNA COMMON 2012-07 PURCHASE 2014-05   5,045 2,482     2,563  
    CSL LIMITED ADR 2012-10 PURCHASE 2014-05   14,963 11,422     3,541  
    CAP GEMINI ADR 2014-05 PURCHASE 2014-09   9,791 9,185     606  
    CENTENE CORP 2012-10 PURCHASE 2015-03   20,716 6,392     14,324  
    CHICAGO BRIDGE & IRON CO NV 2012-10 PURCHASE 2014-05   21,490 10,599     10,891  
    CISCO SYS INC. 2011-09 PURCHASE 2014-05   4,770 3,383     1,387  
    CIVEO CORP COMMON 2011-09 PURCHASE 2015-03   605 2,422     -1,817  
    CULLEN/FROST BANKERS INC. COMMON 2011-12 PURCHASE 2014-09   13,795 8,707     5,088  
    DARLING INTERNATIONAL INC. COMMON 2012-10 PURCHASE 2015-03   4,469 5,399     -930  
    DARLING INTERNATIONAL INC. COMMON 2013-05 PURCHASE 2015-03   6,199 8,198     -1,999  
    DASSAULT SYSTEMS 2012-10 PURCHASE 2014-05   9,991 8,650     1,341  
    FANUC LTD ADR 2012-10 PURCHASE 2014-05   14,846 13,704     1,142  
    FIDELITY ADVISOR STRATEGIC INC. 2012-09 PURCHASE 2014-09   38,247 39,165     -918  
    FIDELITY ADVISOR STRATEGIC INC. 2013-01 PURCHASE 2014-09   185,332 190,373     -5,041  
    FIDELITY ADVISOR STRATEGIC INC. 2013-05 PURCHASE 2014-09   42,217 43,332     -1,115  
    FIDELITY ADVISOR STRATEGIC INC. 2013-05 PURCHASE 2014-09   49,058 50,000     -942  
    FIDELITY ADVISOR STRATEGIC INC. 2014-05 PURCHASE 2014-09   49,564 50,000     -436  
    FIDELITY ADVISOR STRATEGIC INC. 2014-05 PURCHASE 2014-09   74,169 75,000     -831  
    FOMENTO ECONOMIC MEXICANO S A 2009-04 PURCHASE 2014-09   13,601 4,175     9,426  
    GAZPROM 2012-10 PURCHASE 2014-05   4,269 5,887     -1,618  
    GOLDMAN SACHS GROUP INC. 2006-06 PURCHASE 2014-11   100,000 100,000        
    HSBC HLDGS PLC ADR 2012-02 PURCHASE 2014-05   6,155 5,417     738  
    HEXCEL CORPORATION 2012-07 PURCHASE 2014-05   8,814 4,952     3,862  
    HONEYWELL INTL INC 2011-12 PURCHASE 2014-05   5,527 3,219     2,308  
    ICAP PLC 2014-05 PURCHASE 2014-09   4,523 5,166     -643  
    IMPERIAL OIL LTD COMMON 2013-05 PURCHASE 2015-03   6,160 6,707     -547  
    ITAU UNIBANCE BANCE MULTIPLO 2012-10 PURCHASE 2014-05   7,176 5,784     1,392  
    JGC CORPORATION 2013-01 PURCHASE 2014-05   9,789 9,245     544  
    KEPPEL CVORP LTD SPONS ADR 2009-04 PURCHASE 2014-09   16,973 7,542     9,431  
    LKQ CORP COMMOM 2014-05 PURCHASE 2015-03   6,940 8,285     -1,345  
    LAZARD EMERGING MKTS PORTOFOLIO 2014-05 PURCHASE 2015-03   31,435 35,970     -4,535  
    LIBERTY COMMON BROADBAND 2011-02 PURCHASE 2014-11   12 6     6  
    LIBERTY COMMON BROADBAND C 2011-02 PURCHASE 2014-11   24 12     12  
    LONZA GROUP AG ADR 2012-10 PURCHASE 2014-05   4,871 2,435     2,436  
    MERCK & CO INC 2006-05 PURCHASE 2014-05   5,149 3,017     2,132  
    MITSUBISHI ESTATE COMPANY LTD 2014-05 PURCHASE 2015-03   4,588 4,955     -367  
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-04   4,575 4,575        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-05   141,667 141,667        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-05   4,936 4,936        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-05   570 570        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-05   100,000 100,000        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-05   28,000 28,000        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-06   4,775 4,775        
    FEDERATED PRIME CASH OBL 2012-12 PURCHASE 2014-06   31,058 31,058        
    FEDERATED PRIME CASH OBL 2014-12 PURCHASE 2014-06   95,577 95,577        
    FEDERATED PRIME CASH OBL 2014-06 PURCHASE 2014-06   698 698        
    MONSTER BEVERAGE CORP COMMON 2013-09 PURCHASE 2014-05   14,687 11,707     2,980  
    NATIONAL-OILWELL INC. 2013-09 PURCHASE 2015-03   16,145 22,771     -6,626  
    NORDSON CORP 2012-10 PURCHASE 2014-05   14,963 11,624     3,339  
    NOW INC/DE COMMON 2013-09 PURCHASE 2015-03   2,012 2,560     -548  
    ORIX SPONSORED ADR 2009-09 PURCHASE 2014-05   1,491 775     716  
    ORIX SPONSORED ADR 2012-07 PURCHASE 2014-05   8,947 5,392     3,555  
    PEPSICO INC. 2011-09 PURCHASE 2014-05   5,146 3,636     1,510  
    PETROLEO BRASILEIRO SA PETROBRAS 2013-05 PURCHASE 2014-05   4,137 5,027     -890  
    QUALCOMM INC. 2014-05 PURCHASE 2015-03   13,058 14,290     -1,232  
    RAYONIER ADVANCED MATRIALS COMMON 2009-09 PURCHASE 2015-03   1,148 1,534     -386  
    ROSETTA RESOURCES INC. COMMON 2011-09 PURCHASE 2014-05   6,883 6,430     453  
    SAFEWAY INC COMMON 2012-10 PURCHASE 2015-02   12,951 5,854     7,097  
    SANOFI SYNTHELABO SA ADR 2012-02 PURCHASE 2014-05   1,628 1,112     516  
    SANOFI SYNTHLLABO SA ADR 2011-09 PURCHASE 2014-05   3,798 2,263     1,535  
    SAP AKTIENGESELLSCHAFT 2012-10 PURCHASE 2014-05   16,420 15,065     1,355  
    SCHNEIDER ELECTRIC SA UNSPON ADR 2012-10 PURCHASE 2014-05   22,122 15,538     6,584  
    AMEX FINANCIAL SELECT SPDR 2009-04 PURCHASE 2014-09   10,467 4,572     5,895  
    AMEX FINANCIAL SELECT SPDR 2011-12 PURCHASE 2014-09   9,040 5,016     4,024  
    UTILITIES SELECT SECTOR SPDR FUND 2011-09 PURCHASE 2014-09   8,064 6,307     1,757  
    SUNCOR ENERGY INC. 2011-09 PURCHASE 2015-03   7,584 7,793     -209  
    TIDEWATER INC COMMON 2014-05 PURCHASE 2015-03   2,758 5,479     -2,721  
    TIME WARNER CABLE INC. 2012-04 PURCHASE 2014-05   14,192 8,059     6,133  
    TIMKEN CO. 2012-10 PURCHASE 2014-05   11,974 7,317     4,657  
    TIMKENSTEEL CORP COMMON 2012-10 PURCHASE 2014-09   9,191 4,301     4,890  
    TRINITY INDUSTRIES COMON 2012-10 PURCHASE 2014-05   16,493 6,787     9,706  
    US TREASURY NOTE DTD 5/17/04 2005-10 PURCHASE 2014-05   100,000 100,000        
    WESTERN UNION COMPANY COMMON 2013-05 PURCHASE 2014-05   6,004 6,221     -217  
    WEYERHAEUSER COMPANY COMMON 2014-06 PURCHASE 2014-05   1,212 838     374  
    WEYERHAEUSER COMPANY COMMON 2011-09 PURCHASE 2014-05   9,087 5,043     4,044  
    BUNGE LIMITED 2013-05 PURCHASE 2015-03   7,936 7,209     727  
    PENTAIR LTD COMMON 2012-10 PURCHASE 2014-05   5,249 3,097     2,152  
    TE CONNECTIVITY LTD 2010-10 PURCHASE 2014-05   5,270 2,859     2,411  
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-07   5,066 5,066        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-07   1 1        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-08   4,153 4,153        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-08   28 28        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-09   5,070 5,070        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-09   153,685 153,685        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-09   5,250 5,250        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-10   123,028 123,028        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-10   4,824 4,824        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-10   131,324 131,324        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-11   4,544 4,544        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-11   100,000 100,000        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2014-12   4,882 4,882        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2015-01   4,833 4,833        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2015-02   118,182 118,182        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2015-02   4,566 4,566        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2015-03   27,723 27,723        
    BB&T TRUST DEPOSIT WD 2014-06 PURCHASE 2015-03   16,826 16,826        
    URS CORPORATION NEW   PURCHASE 2014-10   30,504 25,317     5,187  
    SAFEWAY INC COMMON 2012-10 PURCHASE 2015-02   1,436       1,436  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS GROUP INC DTD 11/15/02    
    PIMCO FOREIGN BOND FUND - CLASS I NO 429,578 473,204
    BEAR STEARNS CO INC 10/31/05 5.3% 79,319 76,929
    DODGE & COX INCOME FUND 147 889,297 902,418
    FIDELITY ADVISOR STRATEGI INC FD    
    STERLING CAPITAL TOTAL RETURN BOND F 425,000 429,894

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD SPONS ADR 3,172 5,928
    ACCOR SA-SPONSORED ADR 5,923 6,365
    AGCO CORPORATION COMMON 24,191 23,344
    AGRIUM INC 4,608 12,512
    AIA GROUP LTD    
    ALLIANZ COMMON 5,233 11,125
    ALLIED WORLD ASSURANCE HOLDINGS LTD 4,080 10,908
    AMERICAN EXPRESS COMPANY COMMON 5,737 10,937
    AMETEK INC COMMON 4,918 14,974
    AMPHENOL CORP CL A 8,878 33,001
    ANADARKO PETE CORP. COMMON    
    APPLE INC COMMON 32,546 76,524
    ARM HOLDINGS PLC - SPONS ADR 13,331 22,678
    AT&T INC 9,119 10,775
    ATLAS COPCO AB SPONS 2,688 9,458
    BAE SYS PLC SPONSORED ADR 5,122 8,393
    BAIDU.COM INC    
    BARCLAYS PLC- SPONS ADR COMMON 7,591 8,742
    BASF AG SPONSORED ADR COMMON 3,680 5,964
    BAYER A G SPONSORED ADR 5,256 15,031
    BAYERISCHE MOTOREN WERKE UNSPONS ADR 5,032 6,670
    BERKSHIRE HATHAWAY INC DEL CL B COMM 33,458 50,512
    BOC HONG KONG HOLDINGS LTD 5,426 13,552
    BRITISH AMERICAN TOB COMMON 11,787 25,943
    BROADRIDGE FINANCIAL SOLUTIONS LLC 17,698 41,808
    BT GROUP PLC ADR 4,967 12,382
    BUNGE LIMITED    
    CENTENE CORP 20,339 74,225
    CHECKPOINT SOFTWARE TECHNOLOGY COMMO 5,122 6,558
    CHEVRON CORP COMMON 10,354 16,797
    CHICAGO BRIDGE & IRON CO NV 12,169 15,271
    CHURCH & DWIGHT CO., INC COMMON 6,238 11,959
    CIGNA COMMON 2,896 9,061
    CISCO SYSTEMS COMMON 9,670 17,066
    CLEAN HARBORS INC COMMON 19,239 18,170
    COACH INC COMMON 8,588 8,286
    COCA COLA COMPANY COMMON 7,979 10,543
    COGNIZANT TECHNOLOGY SOLUTIONS COMMO 19,481 28,076
    COMCAST CORP CLASS A 12,141 32,753
    COMERICA INC COMMON 7,871 13,539
    CONOCOPHILLIPS 1,984 5,915
    CORE LABORATORIES N.V. 37,350 36,572
    CSL LIMITED ADR    
    CULLEN/FROST BANKERS INC COMMON    
    CVS CAREMARK CORP COMMON 11,986 34,059
    DAIR LIQUIDE-UNSPONS ADR COMMON    
    DARLING INTERNATIONAL INC COMMON    
    DASSAULT SYSTEMS COMMON    
    DAVITA INC 8,998 19,507
    DBS GROUP HLDGS LTD SPONSORED ADR 10,195 20,186
    DENSO CORPORATION 9,389 9,601
    DEUSTCHE BOERSE AG ADR 5,022 5,473
    DEUTSCHE POST AG SPON ADR 10,362 9,999
    DIAGEO PLC SPONSORED ADR 3,209 7,740
    DISH NETWORK CORP A COMMON 5,532 14,713
    E I DUPONT DE NEMOURS COMPANY 2,086 7,862
    EMC CORPORATION COMMON 16,291 17,125
    EMERSON ELECTRIC COMPANY COMMON 2,558 5,096
    EQT CORPORATION COMMON 4,952 7,458
    EUROPEAN AERONAUT UNSP ADR 8,505 8,114
    EXPRESS SCRIPTS COMMON 20,600 33,840
    EXXON MOBIL CORP 13,272 17,000
    FANUC LTD ADR    
    FEDEX CORPORATION COMMON 5,990 13,236
    FINANCIAL SELECT SECTOR SPDR FUND    
    FLOWSERVE CORP COM 17,262 22,031
    FOMENTO ECONOMICO MEXICANO SA DE CV    
    GAZPROM    
    GENERAL ELECTRIC COMPANY 9,040 26,051
    GOOGLE INC COMMON 8,934 17,196
    GOOGLE CLASS C COMMON 8,911 16,988
    HANESBRANDS INC COMMON 12,870 28,148
    HEXCEL CORPORATION    
    HONDA MTR LTD ADR 10 ORD 5,886 6,880
    HONEYWELL INTERNATIONAL INC 15,071 34,422
    HSBC HLDGS PLC SPONSORED ADR NEW    
    IMPERIAL OIL LTD COMMON    
    INFINEON TECHNOLOGY COMMON 14,268 14,345
    INTEL COMMON 6,101 10,945
    INTERNATIONAL BUSINESS MACHINES COMM 9,348 12,840
    ITAU UNIBANCO BANCO MULTIPLO SA    
    J. B. HUNT 8,234 17,933
    JGC CORPORATION    
    JOHNSON & JOHNSON COMMON 7,677 15,593
    KOA CORP SPONS ADR 5,372 7,004
    KELLOGG COMPANY COMMON 7,948 10,552
    KEPPEL CORP LTD SPONS ADR    
    KONINKLIJKE DSM NV-SPONS ADR 10,503 10,745
    KRAFT FOODS INC CLASS A COMMON 1,394 4,617
    L'AIR LIQUIDE-UNSPONS ADR COMMON 5,775 6,510
    LAZARD EMERGING MKTS PORTFOLIO INST 149,741 192,730
    LIBERTY COMMON BROADBAND-A 516 1,243
    LIBERTY COMMON BROADBANK -C 1,024 2,490
    LIBERTY MEDIA CORP COMMON 1,585 3,431
    LIBERTY MEDIA CORP COMMON-C 3,027 6,800
    LIBERTY MEDIA CORP - LIBERTY CAPITAL    
    LONZA GROUP AG ADR 3,467 9,006
    LOWE'S COMPANIES INC COMMON 7,029 24,549
    LVMH MOET-HENNESSEY UNSPON ADR 5,302 6,347
    M & T BANK CORPORATION 21,693 22,860
    MEAD JOHNSON NUTRITRION COMPANY 20,017 23,122
    MEADWESTVACO CORP COMMON 12,330 19,948
    MEDTRONIC INC. COMMON 8,089 18,718
    MERCK & CO INC 9,386 16,094
    MICROSOFT CORP COMMON 10,121 23,377
    MONDELEZ INTERNATIONAL INC COMMON 2,594 5,774
    MONOTYPE IMAGING HOLDINGS INC COMMON 1,634 13,056
    MONSTER BEVERAGE CARP COMMON    
    MURPHY USA INC. COMMON 22,683 23,882
    NATIONAL GRID GROUP-SPON ADR 6,039 7,753
    NATIONAL OILWELL VARCO I COMMON    
    NESTLE SA ADR 13,833 32,495
    NEWFIELD EXPLORATION CO COMMON 27,504 37,897
    NIPPON TELEG & TEL CORP SPON. ADR 14,436 15,718
    NORDSON CORP    
    NOVARTIS A G ADR 10,150 27,611
    NOVO-NORDISK A S ADR 8,637 16,017
    OIL STATES INTERNATIONAL INC COMMON 3,157 3,579
    ORACLE SYS CORP COMMON 6,075 15,966
    ORIX SPONSORED ADR    
    PALL CORPORATION COMMON 5,054 10,039
    PENTAIR LTD COMMON 28,317 40,250
    PEPSICO INC COMMON 12,728 21,993
    PERRIGO CO PLC 9,132 9,933
    PETROLEO BRASILEIRO SA PETROBRAS    
    PFIZER INC COMMON 12,535 25,049
    POLARIS INDUSTRIES INC 2,742 7,055
    PRICELINE COM INC COMMON 20,179 23,283
    PROASSURANCE CORP COMMON 5,134 9,182
    PROCTER AND GAMBLE 7,155 12,701
    QUALCOMM INC 14,822 17,335
    RAYONIER INC COMMON 3,817 5,662
    ROCHE HOLDING LTD ADR 13,064 20,012
    ROPER INDS INC COMMON 4,178 17,200
    ROSETTA RESOURCES INC COMMON    
    SAFEWAY INC COMMON    
    SAFEWAY INC. - CASA LAY 365 365
    SAFEWAY INC. - PDC 18 18
    SANOFI SYNTHELABO SA-ADR 6,844 11,866
    SAP AKTIENGESELLSCHAFT ADR    
    SAP SE ADR 5,462 6,495
    SCHLUMBERGER LTD COMMON 21,126 34,210
    SCHNEIDER ELECTRIC SA UNSPON ADR    
    SIGNET JEWELERS LTD 5,091 15,267
    STERICYCLE INC COMMON 26,471 32,299
    SEVEN & I HOLDINGS UNSPN ADR 14,177 15,168
    SUMITOMO MITSUI SPONS ADR 13,070 12,616
    SUNCOR ENERGY INC    
    SYNGENTA AG ADR 6,389 6,781
    TAIWAN SEMICONDUCTOR 8,112 12,210
    TE CONNECTIVITY LTD 4,448 10,027
    TEAM HEALTH HOLDINGD, INC. COMMON 5,289 17,553
    THE BOEING COMPANY CAPITAL 5,034 10,506
    THE TIMKEN COMPANY COMMON 10,333 16,013
    THE TRAVELERS COMPANIES INC COMMON 7,802 15,138
    THE WALT DISNEY COMPANY COMMON 8,212 48,249
    THOR INDS INC COMMON 12,179 18,963
    TIME WARNER CABLE INC COMMON    
    TORAY INDUSTRIES INC. 10,382 13,435
    TRINITY INDUSTRIES COMMON 18,099 39,771
    UNILEVER PLC-SPONSORED ADR 3,171 7,091
    UNION PACIFIC CORP COMMON 8,151 17,330
    URS CORP NEW    
    UTILITIES SELECT SECTOR SPDR FUND    
    VARIAN MED SYS INC COMMON 19,018 23,523
    VERISK ANALYTICS INC COMMON 11,897 22,134
    VIACOM INC COMMON 4,987 7,513
    VISA INC CLASS A SHARES COMMON 12,410 15,698
    VODAFONE GROUP PLC - SP ADR 11,059 11,111
    WELLS FARGO & CO. COMMON 6,553 31,280
    WESTERN UNION COMPANY COMMON 12,566 14,359
    WEYERHAEUSER COMPANY COMMON    
    WYNDHAM WORLDWIDE CORPORATION COMMON 4,567 13,571

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    US Government Securities - End of Year Book Value:

    198,765
    US Government Securities - End of Year Fair Market Value:

    206,490
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SPDR GOLD TRUST AT COST 2,675 3,410
    COHEN & STEERS REALTY SHARES INST AT COST 186,446 230,583

    TY 2014 LegalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 870     870


    TY 2014 OtherExpensesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 28     28
    ADR FEES - TAXABLE 251 251    
    ADR FEES - PRINCIPLE 1 1    


    TY 2014 OtherIncomeSchedule2
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INVESTMENT LITIGATION RECEIPT 97   97
    INCOME TAX REFUND 870   870


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIDUCIARY FEES 59,472 29,736   29,736


    TY 2014 TaxesSchedule
    Name:
    FRADA FINE SCHOLARSHIP FUND
    EIN: 55-6164208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 1,863 1,903    
    FOREIGN TAXES ON QUALIFIED FOREI 910      
    FOREIGN TAXES ON NON- QUALIFIED        
    FEDERAL INCOME TAX DEPOSITS