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
ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
 

Number and street (or P.O. box number if mail is not delivered to street address)1340 BROADCASTING ROAD SUITE 100   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WYOMISSING, PA19610
A Employer identification number

23-6733550
B Telephone number (see instructions)

(800) 826-5534
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$1,919,552J 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 85 85 85
4 Dividends and interest from securities...... 27,064 26,890 13,723
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 265,825
b Gross sales price for all assets on line 6a 2,458,785
7 Capital gain net income (from Part IV, line 2)... 266,118
8 Net short-term capital gain......... 0
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........ 292,974 293,093 13,808
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,712 21,712 21,712  
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 9,316 0 0 0
b Accounting fees (attach schedule)....... 1,642      
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 1,307 351   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,977 22,063 21,712 0
25 Contributions, gifts, grants paid........ 76,000 76,000
26 Total expenses and disbursements. Add lines 24 and 25 109,977 22,063 21,712 76,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 182,997
b Net investment income (if negative, enter -0-) 271,030
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............   8 8
2 Savings and temporary cash investments.......... 89,418 68,968 68,968
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   571 571
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment347,969 347,835
b Investments—corporate stock (attach schedule)........   Click to see attachment843,437 889,302
c Investments—corporate bonds (attach schedule)........   Click to see attachment195,226 194,154
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,619,734 Click to see attachment439,300 418,714
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) 1,709,152 1,895,479 1,919,552
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......... 1,709,152 1,895,479
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 1,709,152 1,895,479
31 Total liabilities and net assets/fund balances (see instructions).. 1,709,152 1,895,479
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 1,709,152
2 Enter amount from Part I, line 27a..................... 2 182,997
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,391
4 Add lines 1, 2, and 3.......................... 4 1,895,540
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 61
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,895,479
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 95. AARON'S INC COM   2014-08-20 2014-10-27
b 40. AMETEK INC COM   2014-08-20 2014-10-27
c 35. APTARGROUP INC COM   2014-08-20 2014-08-25
d 97. ARTISAN INTERNATIONAL FD-INV   2011-08-26 2014-01-20
e 133. ARTISAN INTERNATIONAL FD-INV   2014-06-20 2014-06-30
193.777 ARTISAN INTERNATIONAL FD-INV   2014-06-20 2014-08-06
2872.214 ARTISAN INTERNATIONAL FD-INV   2011-08-26 2014-08-06
181. ARTISAN MID CAP FUND-INS   2013-02-11 2014-04-21
53. ARTISAN MID CAP FUND-INS   2014-06-20 2014-06-30
1304.132 ARTISAN MID CAP FUND-INS   2012-04-10 2014-08-06
134.802 ARTISAN MID CAP FUND-INS   2014-06-20 2014-08-06
.5 COMMERCE BANCSHARES INC COM   2014-08-20 2014-12-15
947. CREDIT SUISSE COMMODITY RETURN STRATEG   2011-08-26 2014-04-21
3406. CREDIT SUISSE COMMODITY RETURN STRATEG   2011-08-26 2014-06-17
251. CREDIT SUISSE COMMODITY RETURN STRATEG   2011-10-20 2014-06-30
1894.086 CREDIT SUISSE COMMODITY RETURN STRATEG   2014-01-23 2014-08-06
5579.631 CREDIT SUISSE COMMODITY RETURN STRATEG   2011-10-20 2014-08-06
122. DIAMOND HILL LONG/SHORT-I   2012-08-10 2014-06-30
1622.373 DIAMOND HILL LONG/SHORT-I   2011-10-20 2014-08-06
75. DODGE & COX INTL STOCK FUND   2008-03-25 2014-01-20
49. DODGE & COX INTL STOCK FUND   2014-06-20 2014-06-30
2000.731 DODGE & COX INTL STOCK FUND   2008-03-25 2014-08-06
80.966 DODGE & COX INTL STOCK FUND   2014-06-20 2014-08-06
257. DODGE & COX INCOME FUND #147   2013-02-11 2014-01-20
908. DODGE & COX INCOME FUND #147   2013-02-11 2014-06-17
211. DODGE & COX INCOME FUND #147   2013-02-11 2014-06-30
1306. DODGE & COX INCOME FUND #147   2013-10-11 2014-08-06
7039.348 DODGE & COX INCOME FUND #147   2008-03-25 2014-08-06
701.47 DODGE & COX INCOME FUND #147   2014-04-24 2014-08-06
1496. DREYFUS EMERGING MARKETS DEBT LOCAL CURR   2010-12-17 2014-06-17
2992.101 DREYFUS EMERGING MARKETS DEBT LOCAL CURR   2010-12-17 2014-08-06
309.519 DREYFUS EMERGING MARKETS DEBT LOCAL CURR   2014-01-23 2014-08-06
133. DREYFUS EMERGING MARKETS DEBT LOCAL CURR   2010-12-17 2014-12-31
2565. DREYFUS INTERNATIONAL BOND FUND   2014-04-24 2014-08-06
911.848 DRIEHAUS ACTIVE INCOME FUND   2013-02-11 2014-01-20
706.152 DRIEHAUS ACTIVE INCOME FUND   2013-10-11 2014-01-20
3467. DRIEHAUS ACTIVE INCOME FUND   2013-07-03 2014-06-17
3674.95 DRIEHAUS ACTIVE INCOME FUND   2012-08-10 2014-08-06
1213.289 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN   2014-01-23 2014-08-06
1862.072 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN   2013-07-03 2014-08-06
15000. FNMA DTD 08/17/2006 5.25% 09/15/2016   2014-08-26 2014-08-27
25000. FHLMC NOTE DTD 03/27/2009 3.75% 03/27/20   2014-08-26 2014-10-06
15000. FHLMC NOTE DTD 01/30/2012 1% 03/08/2017   2014-08-26 2014-09-23
2072.263 FIDELITY ADVISOR EMERGING MARKETS INCOME   2013-10-11 2014-08-06
64. J P MORGAN MID CAP VALUE FUND   2010-12-17 2014-01-20
84. J P MORGAN MID CAP VALUE FUND   2014-06-20 2014-06-30
501.798 J P MORGAN MID CAP VALUE FUND   2014-04-24 2014-08-06
1432. J P MORGAN MID CAP VALUE FUND   2010-12-17 2014-08-06
295. HALLIBURTON CO COM   2014-08-20 2014-12-11
153. HARBOR CAPITAL APPRECIATION FUND   2011-05-25 2014-01-20
207.15 HARBOR CAPITAL APPRECIATION FUND   2011-05-25 2014-06-17
83.85 HARBOR CAPITAL APPRECIATION FUND   2014-04-24 2014-06-17
97. HARBOR CAPITAL APPRECIATION FUND   2011-05-25 2014-06-30
1958.324 HARBOR CAPITAL APPRECIATION FUND   2011-05-25 2014-08-06
15000. INTERNATIONAL BUS MACHS CORP DTD 09/14/2   2014-08-26 2014-12-01
14. ISHARES S&P 500 INDEX FD   2011-08-24 2014-01-20
10. ISHARES S&P 500 INDEX FD   2014-06-18 2014-06-30
6. ISHARES S&P 500 INDEX FD   2014-06-18 2014-08-06
187. ISHARES S&P 500 INDEX FD   2011-08-24 2014-08-06
3584.553 JPMORGAN HIGH YIELD FUND   2014-01-23 2014-08-06
724.107 JPMORGAN HIGH YIELD FUND   2014-04-24 2014-08-06
34.766 KALMAR GR W/ VAL SM CAP-INS #4   2013-01-22 2014-06-30
54.234 KALMAR GR W/ VAL SM CAP-INS #4   2014-06-20 2014-06-30
1669.724 KALMAR GR W/ VAL SM CAP-INS #4   2013-02-11 2014-08-06
77. KEELEY SMALL CAP VALUE FUND CL I   2010-12-17 2014-01-20
951.345 KEELEY SMALL CAP VALUE FUND CL I   2010-12-17 2014-06-17
10. L-3 COMMUNICATIONS HOLDINGS COM   2014-08-20 2014-08-25
3105.739 LAUDUS ROSENBERG MONDRIAN INTL FIXED IN   2011-10-20 2014-04-21
298.282 LAUDUS ROSENBERG MONDRIAN INTL FIXED IN   2013-07-03 2014-04-21
662.272 LAUDUS ROSENBERG MONDRIAN INTL FIXED IN   2014-01-23 2014-04-21
146. MFS VALUE FD-I   2011-05-25 2014-01-20
75. MFS VALUE FD-I   2014-06-20 2014-06-30
750.521 MFS VALUE FD-I   2014-06-20 2014-08-06
2609.23 MFS VALUE FD-I   2011-05-25 2014-08-06
594. MERGER (THE) FUND   2011-10-20 2014-06-17
118. MERGER (THE) FUND   2011-10-20 2014-06-30
211.132 MERGER (THE) FUND   2014-01-23 2014-08-06
2688.022 MERGER (THE) FUND   2011-10-20 2014-08-06
563. ASG GLOBAL ALTERNATIVES FUND   2013-07-03 2014-01-20
703. ASG GLOBAL ALTERNATIVES FUND   2013-07-03 2014-06-17
172. ASG GLOBAL ALTERNATIVES FUND   2013-07-03 2014-06-30
3346.509 ASG GLOBAL ALTERNATIVES FUND   2013-07-03 2014-08-06
150. NEUBERGER BERMAN LONG SHORT FUND   2014-06-20 2014-06-30
5216.175 NEUBERGER BERMAN LONG SHORT FUND   2014-06-20 2014-08-06
2008.868 NUVEEN HIGH YIELD MUNI BOND FUND   2014-04-24 2014-08-06
118. OPPENHEIMER DEVELOPING MKT-Y   2013-02-11 2014-06-17
86. OPPENHEIMER DEVELOPING MKT-Y   2013-02-11 2014-06-30
1465.603 OPPENHEIMER DEVELOPING MARKETS FUND   2011-05-25 2014-08-06
934.604 OPPENHEIMER DEVELOPING MARKETS FUND   2014-01-23 2014-08-06
1099. PIMCO TOTAL RETURN FUND   2009-09-09 2014-06-17
378. PIMCO TOTAL RETURN FUND   2011-02-04 2014-06-30
794.265 PIMCO TOTAL RETURN FUND   2014-04-24 2014-08-06
9065.467 PIMCO TOTAL RETURN FUND   2008-10-31 2014-08-06
1596. PIMCO TOTAL RETURN FUND   2013-10-11 2014-08-06
178. PIMCO FOREIGN BOND FUND   2011-10-20 2014-06-30
893.592 PIMCO FOREIGN BOND FUND   2013-10-11 2014-08-06
3028.91 PIMCO FOREIGN BOND FUND   2006-09-13 2014-08-06
1159.836 RIDGEWORTH SEIX HIGH YIELD FUND   2013-07-03 2014-01-20
2983.828 RIDGEWORTH SEIX HIGH YIELD FUND   2011-08-26 2014-01-20
332.336 RIDGEWORTH SEIX HIGH YIELD FUND   2013-10-11 2014-01-20
4894.199 RIDGEWORTH SEIX HIGH YIELD FUND   2011-08-26 2014-04-21
3896. T ROWE PRICE SHORT TERM BD FD 55   2012-02-14 2014-04-21
2091. T ROWE PRICE SHORT TERM BD FD 55   2013-02-11 2014-06-17
445. T ROWE PRICE SHORT TERM BD FD 55   2013-02-11 2014-06-30
6003. T ROWE PRICE SHORT TERM BD FD 55   2013-10-11 2014-08-06
10108.123 T ROWE PRICE SHORT TERM BD FD 55   2013-02-11 2014-08-06
971.947 T ROWE PRICE INST FLOAT RATE #170   2014-04-24 2014-08-06
1868.188 T ROWE PRICE INST FLOAT RATE #170   2014-01-23 2014-08-06
56. SPDR DOW JONES INTL REAL EST ETF FD   2011-05-23 2014-04-21
75. SPDR DOW JONES INTL REAL EST ETF FD   2011-05-23 2014-06-30
57. SPDR DOW JONES INTL REAL EST ETF FD   2014-01-21 2014-08-06
1473. SPDR DOW JONES INTL REAL EST ETF FD   2011-05-23 2014-08-06
481.694 STRATTON SMALL CAP VALUE FUND   2014-06-20 2014-08-06
155. TORCHMARK CORP. COM   2014-08-20 2014-08-25
15000. US TREASURY NOTE DTD 06/30/2010 2.5% 06/   2014-08-26 2014-12-23
389. VANGUARD FTSE EMERGING MARKETS ETF   2013-02-07 2014-01-20
312. VANGUARD FTSE EMERGING MARKETS ETF   2010-12-17 2014-01-20
49. VANGUARD FTSE EMERGING MARKETS ETF   2010-12-17 2014-06-17
755. VANGUARD FTSE EMERGING MARKETS ETF   2010-12-17 2014-08-06
45. VANGUARD REIT ETF   2013-10-09 2014-04-21
30. VANGUARD REIT ETF   2013-10-09 2014-06-30
13. VANGUARD REIT ETF   2010-12-17 2014-06-30
904. VANGUARD REIT ETF   2010-12-17 2014-08-06
55. WALGREEN CO COM   2014-08-20 2014-08-25
70. WELLCARE HEALTH PLANS INC COM   2014-08-20 2014-08-25
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,266   2,436 -170
b 2,033   2,129 -96
c 2,223   2,236 -13
d 2,935   1,985 950
e 4,225   4,170 55
5,849   6,075 -226
86,699   58,766 27,933
9,023   7,546 1,477
2,743   2,704 39
64,085   52,427 11,658
6,624   6,876 -252
22   22  
7,424   8,883 -1,459
26,260   29,055 -2,795
1,930   2,096 -166
13,903   13,656 247
40,954   44,746 -3,792
2,917   2,181 736
37,866   27,136 10,730
3,239   3,098 141
2,292   2,297 -5
89,993   51,489 38,504
3,642   3,796 -154
3,511   3,565 -54
12,648   12,594 54
2,927   2,927  
18,140   17,644 496
97,777   89,357 8,420
9,743   9,666 77
21,617   21,521 96
42,548   42,098 450
4,401   4,179 222
1,943   1,910 33
43,631   43,682 -51
9,848   9,793 55
7,626   7,563 63
37,409   37,110 299
39,248   38,578 670
11,320   11,377 -57
17,373   17,956 -583
16,395   16,409 -14
27,164   27,245 -81
14,853   15,061 -208
29,302   28,141 1,161
2,242   1,505 737
3,207   3,184 23
18,316   18,380 -64
52,268   33,666 18,602
11,458   20,339 -8,881
8,799   5,958 2,841
12,110   8,222 3,888
4,902   4,710 192
5,814   3,777 2,037
113,779   72,314 41,465
16,837   16,837  
2,591   1,643 948
1,986   1,961 25
1,154   1,177 -23
35,957   21,941 14,016
28,748   28,927 -179
5,807   5,880 -73
765   600 165
1,193   1,168 25
33,445   28,829 4,616
2,965   1,919 1,046
37,464   23,708 13,756
1,096   1,092 4
33,946   38,146 -4,200
3,260   3,153 107
7,239   7,100 139
4,841   3,532 1,309
2,607   2,625 -18
25,105   26,268 -1,163
87,279   60,033 27,246
9,795   9,403 392
1,946   1,868 78
3,431   3,380 51
43,680   42,556 1,124
6,435   6,356 79
7,944   7,937 7
1,947   1,942 5
36,644   37,782 -1,138
1,950   1,940 10
66,506   67,445 -939
33,729   33,006 723
4,669   4,216 453
3,439   3,073 366
57,657   50,231 7,426
36,767   33,810 2,957
11,979   11,940 39
4,139   4,075 64
8,697   8,594 103
99,267   92,112 7,155
17,476   17,269 207
1,940   1,892 48
9,776   9,445 331
33,136   31,343 1,793
11,436   11,564 -128
29,421   27,958 1,463
3,277   3,333 -56
48,697   45,814 2,883
18,662   18,857 -195
10,016   10,120 -104
2,136   2,154 -18
28,754   28,754  
48,418   48,656 -238
9,933   9,962 -29
19,093   19,280 -187
2,377   2,220 157
3,334   2,973 361
2,453   2,328 125
63,399   54,356 9,043
34,897   37,649 -2,752
8,434   8,386 48
15,560   15,579 -19
15,284   17,107 -1,823
12,258   14,700 -2,442
2,126   2,309 -183
32,600   32,985 -385
3,241   2,960 281
2,256   1,973 283
978   679 299
67,245   47,238 20,007
3,345   3,418 -73
4,395   4,458 -63
      5,254
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       -170
b       -96
c       -13
d       950
e       55
      -226
      27,933
      1,477
      39
      11,658
      -252
       
      -1,459
      -2,795
      -166
      247
      -3,792
      736
      10,730
      141
      -5
      38,504
      -154
      -54
      54
       
      496
      8,420
      77
      96
      450
      222
      33
      -51
      55
      63
      299
      670
      -57
      -583
      -14
      -81
      -208
      1,161
      737
      23
      -64
      18,602
      -8,881
      2,841
      3,888
      192
      2,037
      41,465
       
      948
      25
      -23
      14,016
      -179
      -73
      165
      25
      4,616
      1,046
      13,756
      4
      -4,200
      107
      139
      1,309
      -18
      -1,163
      27,246
      392
      78
      51
      1,124
      79
      7
      5
      -1,138
      10
      -939
      723
      453
      366
      7,426
      2,957
      39
      64
      103
      7,155
      207
      48
      331
      1,793
      -128
      1,463
      -56
      2,883
      -195
      -104
      -18
       
      -238
      -29
      -187
      157
      361
      125
      9,043
      -2,752
      48
      -19
      -1,823
      -2,442
      -183
      -385
      281
      283
      299
      20,007
      -73
      -63
       
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 2 266,118
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 83,788 1,859,425 0.045061
2012 83,339 1,791,151 0.046528
2011 84,112 1,842,380 0.045654
2010 77,731 1,742,927 0.044598
2009 56,597 1,526,897 0.037067
2 Total of line 1, column (d) ...................... 2 0.218908
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 0.043782
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,870,980
5 Multiply line 4 by line 3....................... 5 81,915
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,710
7 Add lines 5 and 6......................... 7 84,625
8 Enter qualifying distributions from Part XII, line 4.............. 8 76,000
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 (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 5,421
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 5,421
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 5,421
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 512
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 512
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,917
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 taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 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 addressbullet  
    14
    The books are in care ofbulletNATIONAL PENN INVESTORS TRUST CO Telephone no.bullet (800) 826-5534
    Located atbullet1340 BROADCASTING ROAD SUITE 100WYOMISSINGPA ZIP+4bullet19610
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    National Penn Investors Trust Co Trustee
    5     		21,712    
    1340 Broadcasting Road Suite 100
    Wyomissing,PA19610
    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 ST MARKS LUTHERAN CHURCH 38,000
    2 ALSACE LUTHERAN CHURCH 38,000
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    1,843,205
    b
    Average of monthly cash balances.......................
    1b
    56,267
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,899,472
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,899,472
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,492
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,870,980
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    93,549
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    93,549
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,421
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,421
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    88,128
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    88,128
    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
    88,128
    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
    76,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    76,000
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    76,000
    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 88,128
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 29,696
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 76,000
    a Applied to 2013, but not more than line 2a 29,696
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 46,304
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		41,824
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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
    ALSACE LUTHERAN CHURCH
    C/O CHURCH TREASURER
    2201 KUTZTOWN ROAD
    READING,PA19605     		NONE PC GENERAL SUPPORT GRANT 38,000
    ST MARKS LUTHERAN CHURCH
    C/O BOARD PRESIDENT
    READING,PA196042305     		NONE PC GENERAL SUPPORT GRANT 38,000
    Total .................................bullet 3a 76,000
    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 ............     		    14 85  
    4 Dividends and interest from securities....     14 27,064  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 265,825  
    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)..   292,974  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13292,974
    (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


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    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF NY MELLON DTD 9/23/11 21,111 20,909
    GEN ELEC CAP CORP DTD 1/7/11 16,788 16,719
    JP MORGAN CHASE 14,943 15,017
    WELLS FARGO COMPANY DTD 10/28/ 15,159 15,040
    APPLE INC DTD 5/6/14 10,258 10,473
    CHEVRON CORP DTD 6/24/13 10,081 10,051
    COSTCO WHSL CORP NEW DTD 2/20/ 16,678 16,415
    DEERE & CO DTD 6/8/12 14,820 14,757
    GLAXOSMITHKLINE CAP INC DTD 5/ 17,064 16,898
    MERCK AND CO 10,861 10,821
    PCCIDENTAL PETROLEUM CORP DTD 10,906 10,612
    PEPSICO INC DTD 10/26/10 10,471 10,350
    WALMART STORES DTD 4/11/13 14,650 14,775
    CONS EDISON CO OF NY DTD 4/1/0 11,436 11,317

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVANCE AUTO PARTS INC 4,734 5,575
    AMETEK INC COM 6,387 6,316
    APPLE INC COM 28,257 30,906
    BALL CORP 21,916 23,519
    BAXTER INTL INC COM 15,448 15,024
    BIG LOTS INC 2,147 1,801
    BROADRIDGE FINL SOL LLC COM 3,780 4,156
    BROWN AND BROWN INC 4,182 4,278
    CH ROBINSON WORLD WIDE INC 11,658 12,731
    CADENCE DESIGN SYSTEMS INC 2,942 3,225
    CHEVRON CORPORATION 12,740 11,218
    CHURCH AND DWIGHT CO INC 4,082 4,729
    CISCO SYSTEMS INC COM 19,828 22,252
    COLGATE PALMOLIVE CO COM 22,003 23,525
    COMMERCE BANC SHARES INC COM 5,015 5,001
    CRANE CO COM 3,916 3,229
    DELUXE CORPORATION 6,507 6,848
    DISCOVER FINANCIAL SBRVICE COM 23,950 25,214
    DOVER CORP 14,475 11,475
    EXXON MOBIL CORP 23,422 21,726
    FACTSET RESEARCH SYSTEMS 4,434 4,926
    GENUINE PARTS CO 23,960 29,307
    GLOBAL PAYMENTS INC COM 3,600 4,037
    HANCOCKING HOLDING 4,111 3,838
    HANESBRANDS 5,048 5,581
    HARRIS CORP COM 4,588 4,668
    HEALTH NET INC COM 2,883 3,479
    HOLLYFRONTIER 3,284 2,436
    HORMEL FOODS CORP COM 3,347 3,647
    HUBBELL INC CL B 4,252 3,739
    INTEL CORP 23,831 25,040
    INTL BUS MACHS CORP 17,117 14,440
    JOHNSON AND JOHNSON 22,183 22,483
    J2 GLOBAL INC 4,527 5,270
    L-3 COMMUNICATIONS HOLDINGS IN 3,275 3,786
    LABORATOORY CRP OF AMER HOLDIN 20,726 21,041
    MSCI INC COM 2,984 3,084
    MACYS INC 23,641 25,643
    MARSH AND MCLENNAN CO 23,498 25,758
    MCCORMICK AND CO 15,003 15,975
    MCKESSON HBOC INC 21,341 22,834
    MEDNAX 3,966 4,628
    MEDTRONIC INC 20,875 23,465
    MEREDITH CORP CO, 3,009 3,531
    MICROSOFT CORP 29,051 29,960
    MINERAL TECHNOLOGIES INC 1,876 2,084
    OLIN CORP COM 5,085 4,212
    OMNICARE 3,851 4,376
    ORACLE CORP 23,116 25,183
    PANERA BREAD CO 3,063 3,496
    PEPSICO INC 21,699 22,222
    QUALCOMM INC 16,843 16,353
    RAYTHEON CO 17,897 20,011
    ROSS STORES 4,535 6,126
    SCHKUMBERGER LTD 20,215 17,936
    TJX COMPANIES INC COM 21,100 24,346
    TORCCHMARK CORP COM 14,068 14,084
    TORO CO COM 5,218 5,424
    TUPPERWARE BRANDS CORP COM 2,960 2,520
    US BANCCORP 26,739 28,768
    UNION PACIFIC CORP COM 20,635 23,230
    VF CORP 22,570 26,590
    VALSPAR CORP 5,647 6,054
    WADDELL AND REED FINANCIAL INC 5,023 4,733
    WALGREEN CO COM 14,368 17,526
    WATSCO 3,285 3,745
    WORLD FUEL SERVICES CORP 3,150 3,285
    ZEBRA TECHNOLOGIES 4,264 4,258
    TE CONNECTIVITY 18,121 18,343
    UNITED TECHNOLOGIES 17,563 18,400
    UNITED THERAPEUTICS 5,139 7,122
    ARTHUR J GALLAGHER & CO 3,484 3,531

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    US Government Securities - End of Year Book Value:

    347,969
    US Government Securities - End of Year Fair Market Value:

    347,835
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBOR CAPITAL APRCTION-INST      
    MERGER FD SH BEN INT 260      
    PIMCO TOTAL RET FD-INST 35      
    PIMCO FOREIGN BD FD USD H-INST      
    T ROWE PRICE SHORT TERM BD FD      
    ARTISAN MID CAP FUND-INSTL      
    FID ADV EMER MKTS INC- CL I      
    ISHARES S & P 500 INDEX FUND      
    LAUDUS MONDRIAN INTL FI      
    EATON VANCE GLOBAL MACRO      
    DODGE & COX INT'L STOCK FD      
    MFS VALUE FUND-CLASS I      
    DREYFUS EMG MKT DEBT LOC      
    DRIEHAUS ACTIVE INCOME FUND      
    JP MORGAN MID CAP VALUE      
    ASG GLOBAL ALTERNATIVES      
    VANGUARD REIT VIPER      
    VANGUARD EMERGING MARKETS      
    OPPENHEIMER DEVELOPING MKT      
    ARTISAN INTERNATIONAL FUND AT COST 96,900 93,922
    DODGE & COX INCOME FD      
    SPDR DJ WILSHIRE INTERNATIONAL      
    DIAMOND HILL LONG-SHORT FD      
    RIDGEWORTH SEIX HY BD      
    KALMAR GR W/ VAL SM CAP      
    CREDIT SUISSE COMM RT ST      
    KEELEY SMALL CAP VAL FD      
    HENDERSON INTL OPPORT FUND AT COST 96,900 94,807
    T ROWE PRICE INTL DISCOVERY FU AT COST 64,600 57,291
    CONESTOGA SMALL CAP FUND AT COST 51,700 53,908
    GOLDMAN SACHS SATELLITE STRATE AT COST 129,200 118,786

    TY 2014 LegalFeesSchedule
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL PAYMENTS TO ATTORNEYS 9,316      


    TY 2014 OtherDecreasesSchedule
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Description Amount
       


    TY 2014 OtherIncreasesSchedule
    Name:
    ELWYN KISSINGER FBO ALSACE & ST MARKS LUTH
    EIN: 23-6733550
    Description Amount