TY 2014 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	3,215	29,360	29,360
	2	Savings and temporary cash investments..........	205,991	167,525	167,525
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	2,475,864	2,630,707	2,808,955
	b	Investments—corporate stock (attach schedule)........	7,608,279	8,166,569	9,994,089
	c	Investments—corporate bonds (attach schedule)........	1,774,152	1,916,183	2,015,905
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 37,533
		Less: accumulated depreciation (attach schedule) 28,489	12,732	9,044	9,044
	15	Other assets (describe )	42,709	49,750	49,750
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	12,122,942	12,969,138	15,074,628
	17	Accounts payable and accrued expenses..........	56,676	49,270
	18	Grants payable..................	1,627,261	1,207,250
	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 )
	23	Total liabilities (add lines 17 through 22)..........	1,683,937	1,256,520
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	10,439,005	11,712,618
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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
	30	Total net assets or fund balances (see instructions)......	10,439,005	11,712,618
	31	Total liabilities and net assets/fund balances (see instructions)..	12,122,942	12,969,138

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	10,439,005
2	Enter amount from Part I, line 27a.....................	2	728,602
3	Other increases not included in line 2 (itemize)	3	545,011
4	Add lines 1, 2, and 3..........................	4	11,712,618
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	11,712,618

(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	50M US T NOTE 4.75% MATURED	P	2006-08-18	2014-05-15
b	4060 BAKER HUGHES INC	P	2013-08-26	2014-06-20
c	1040 COVIDEN PLC NEW	P	2012-05-21	2014-06-19
d	1440 FLUOR CORPORATION NEW	P	2012-01-09	2014-05-31
e	910 J M SMUCKER CO NEW	P	2013-06-24	2014-02-07
	1170 MERCK & CO INC NEW	P	2014-04-14	2014-11-14
	2980 PULTEGROUP INC	P	2013-10-30	2014-01-14
	530 VERIZON COMMUNICATIONS	P	2014-03-05	2014-07-17
	150 3M COMPANY	P	2014-01-28	2014-01-14
	320 BANK OF AMERICA	P	2014-02-26	2014-07-17
	2000 DELTA AIR LINES INC NEW	P	2012-12-19	2014-07-17
	30 FOOT LOCKER INC	P	2014-06-25	2014-07-17
	670 JOHNSON & JOHNSON	P	2004-07-14	2014-12-19
	1670 MICROSOFT CORP	P	2004-11-09	2014-07-17
	2490 QUALCOMM INC	P	2013-11-21	2014-11-25
	1480 VIACOM INC CLAS A	P	2013-12-09	2014-08-28
	1730 AGCO CORP	P	2013-08-19	2014-01-14
	180 BIOGEN IDEC INC	P	2011-08-24	2014-05-13
	1790 DIRECTV	P	2011-05-13	2014-07-07
	1550 GAMESTOP CORP CL A NEW	P	2013-10-25	2014-02-07
	960 JPMORGAN CHASE & CO	P	2012-12-06	2014-10-27
	730 MONDELEZ INTL INC CL A	P	2014-06-10	2014-10-27
	450 RAYTHEON COMPANY NEW	P	2012-08-28	2014-07-17
	300 VISA INC CLASS A	P	2014-03-05	2014-06-25
	750 AT&T	P	2012-05-02	2014-07-17
	330 BOEING CO	P	2012-07-20	2014-07-17
	2200 DISCOVER FINANCIAL SVCS	P	2013-01-14	2014-12-08
	1120 GENERAL ELECTRIC CO	P	2004-07-02	2014-07-17
	9150 KEYCORP INC NEW	P	2011-11-15	2014-02-26
	1420 MYLAN INC	P	2013-06-14	2014-07-17
	500 ROCKWELL AUTOMATION INC	P	2013-11-27	2014-06-05
	580 WELLPOINT INC	P	2013-09-09	2014-01-22
	1590 ACCENTURE PLC CL A F	P	2014-01-22	2014-08-11
	1340 BORG WARNER INC	P	2013-03-22	2014-05-07
	240 DISNEY WALT CO	P	2014-02-11	2014-06-20
	580 GILEAD SCIENCES INC	P	2013-12-09	2014-11-28
	525 KNOWLES CORPORATION	P	2013-08-12	2014-03-12
	1290 NORFOLK SOUTHERN CORP	P	2013-04-25	2014-04-16
	1740 ROYAL CARIBBEAN CRUISES	P	2014-01-13	2014-12-18
	3660 WELLS FARGO & CO NEW	P	2014-01-22	2014-12-19
	990 ADVANCE AUTO PARTS INC	P	2013-12-02	2014-11-14
	564 CALIFORNIA RES CORP	P	2014-12-01	2014-12-15
	1120 DOVER CORPORATION	P	2013-08-12	2014-07-17
	1190 GNC HOLDINGS INC	P	2013-12-23	2014-01-22
	270 KRAFT FOODS GROUP	P	2013-10-11	2014-07-17
	1770 OMNICARE INC	P	2013-07-24	2014-02-28
	1970 SOUTHERN COPPER CORP	P	2013-12-13	2014-04-14
	510 WESTERN DIGITAL CORP	P	2013-09-06	2014-07-17
	1600 ALASKA AIR GROUP INC	P	2011-01-31	2014-11-10
	280 CAPITAL ONE FINANCIAL CP	P	2013-12-09	2014-07-17
	3060 DOW CHEMICAL COMPANY	P	2013-09-30	2014-12-08
	60 GOOGLE INC CLASS A	P	2013-10-25	2014-07-17
	1240 KROGER COMPANY	P	2012-03-19	2014-07-17
	2780 ORACLE CORPORATION	P	2011-07-01	2014-09-30
	2610 SOUTHWESTERN ENERGY CO	P	2014-03-13	2014-11-28
	80 WHIRLPOOL CORP	P	2013-02-21	2014-07-17
	450 ALEXANDRIA REAL EST EQTY REIT	P	2014-07-25	2014-12-15
	1760 CARDINAL HEALTH INC	P	2013-08-07	2014-03-31
	1850 DR PEPPER SNAPPLE GROUP	P	2013-05-10	2014-10-21
	40 GOOGLE INC CLASS C	P	2014-04-03	2014-07-17
	1870 LAM RESEARCH CORPORATION	P	2013-03-25	2014-04-14
	60 PARKER-HANNIFIN CORP	P	2014-06-04	2014-07-17
	1870 ST JUDE MEDICAL INC	P	2013-08-12	2014-04-24
	2520 YAHOO INC	P	2013-01-23	2014-03-31
	2440 ALLSTATE CORPORATION	P	2012-04-20	2014-01-14
	728 CELGENE CORP	P	2011-09-14	2014-03-31
	20 DUN & BRADSTREET CP NEW	P	2014-04-29	2014-07-17
	840 HALLIBURTON CO HLDG CO	P	2013-03-25	2014-08-25
	1240 LINCOLN NATIONAL CORP	P	2013-09-09	2014-12-08
	220 PEPSICO INCORPORATED	P	2014-07-17	2014-02-06
	1410 STARWOOD HTLS & RSTS NEW	P	2013-05-28	2014-03-31
	190 ZIMMER HOLDINGS INC	P	2012-01-17	2014-07-17
	30 AMER ELECTRIC PWR CO INC	P	2014-06-26	2014-07-17
	1544 CHEVRON TEXACO COR	P	2004-07-02	2014-08-18
	2000 EMERSON ELECTRIC CO	P	2014-03-26	2014-08-25
	600 HARMAN INTL INDS INC	P	2014-01-14	2014-08-06
	220 MACYS INC	P	2014-03-31	2014-07-17
	2490 PFIZER INCORPORATED	P	2011-06-09	2014-10-27
	1630 STATE STREET CORP	P	2013-04-02	2014-03-05
	2860 AMEREN CORPORATION	P	2013-09-23	2014-09-15
	480 CIMAREX ENERGY CO	P	2013-09-23	2014-09-15
	1790 EXTRA SPACE STORAGE INC	P	2013-12-23	2014-02-27
	710 HOME DEPOT INC	P	2011-09-16	2014-12-19
	140 MANPOWER GROUP	P	2014-03-27	2014-07-17
	1470 PINNACLE WEST CAPITAL	P	2012-10-12	2014-05-08
	2970 TEXAS INSTRUMENTS INC	P	2013-07-15	2014-06-20
	420 AMERICAN INTL GROUP NEW	P	2012-10-10	2014-07-17
	360 CISCO SYSTEMS INC	P	2014-05-20	2014-07-17
	400 EXXON MOBIL CORP	P	2005-11-14	2014-06-20
	1030 HONEYWELL INTERNATIONAL	P	2010-05-07	2014-01-14
	230 MARATHON OIL CORP	P	2010-05-21	2014-07-17
	60 PITNEY BOWES INC	P	2014-06-25	2014-07-17
	330 THERMO FISHER SCIENTIFIC	P	2013-03-11	2014-07-17
	130 AMGEN INCORPORATED	P	2014-01-22	2014-07-17
	1320 COCA COLA ENT NEW	P	2013-09-23	2014-10-27
	1420 FACEBOOK INC CLASS A	P	2013-11-18	2014-03-21
	340 ILLINOIS TOOL WORKS INC	P	2013-09-05	2014-07-17
	550 MARATHON PETE CORP	P	2013-12-23	2014-08-28
	1340 PROCTER & GAMBLE	P	2013-02-01	2014-03-25
	1230 TIFFANY & CO NEW	P	2013-12-23	2014-08-06
	720 APPLE INC	P	2009-10-29	2014-07-17
	1440 COMCAST CORP NEW CL A	P	2012-06-15	2014-10-10
	730 FIFTH THIRD BANCORP	P	2014-01-14	2014-07-17
	280 INTEL CORP	P	2014-04-15	2014-05-13
	2310 MARRIOTT INTL INC CL A	P	2012-03-09	2014-07-17
	260 PROGRESSIVE CORP OHIO	P	2014-06-19	2014-07-17
	760 TRW AUTOMATIVE HOLDINGS	P	2012-09-21	2014-01-14
	2080 AVERY DENNISON CORP	P	2013-05-03	2014-09-30
	610 CONOCOPHILLIPS	P	2012-12-26	2014-07-17
	840 FLOWSERVE CORPORATION	P	2012-12-06	2014-06-05
	375 INTERNATIONAL BUSINESS MACHINES	P	2006-02-14	2014-01-14
	270 MCKESSON CORPORATION	P	2011-11-22	2014-07-17
	410 PUB SVC ENT GROUP INC	P	2013-09-05	2014-07-17
	1390 UNITED TECHNOLOGIES CORP	P	2014-03-31	2014-08-12

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	50,000	50,000
b	244,833	219,999	24,834
c	92,363	50,531	41,832
d	110,555	85,284	25,271
e	85,597	93,490	-7,893
	68,230	67,134	1,096
	58,607	53,312	5,295
	26,057	25,164	893
	21,144	20,522	622
	4,833	5,238	-405
	64,864	22,502	42,362
	1,499	1,502	-3
	67,783	55,637	12,146
	66,071	50,291	15,780
	176,056	179,721	-3,665
	120,291	120,167	124
	98,263	99,832	-1,569
	52,635	20,539	32,096
	139,393	99,778	39,615
	53,998	81,159	-27,161
	54,821	42,369	12,452
	25,583	27,803	-2,220
	43,467	25,562	17,905
	62,797	68,038	-5,241
	26,744	25,416	1,328
	43,563	23,838	19,725
	138,761	88,128	50,633
	30,244	22,131	8,113
	118,112	65,787	52,325
	69,091	44,198	24,893
	60,983	56,394	4,589
	49,642	50,664	-1,022
	125,786	133,661	-7,875
	80,678	52,168	28,510
	20,038	18,428	1,610
	52,624	43,501	9,123
	15,658	15,111	547
	120,424	97,004	23,420
	117,978	81,056	36,922
	190,652	173,758	16,894
	132,879	101,135	31,744
	3,133	4,910	-1,777
	92,101	82,752	9,349
	64,736	68,946	-4,210
	15,293	14,329	964
	107,243	91,371	15,872
	59,949	51,207	8,742
	44,560	32,405	12,155
	107,620	33,309	74,311
	21,850	20,129	1,721
	150,656	121,749	28,907
	44,224	41,400	2,824
	47,659	29,728	17,931
	107,715	81,011	26,704
	91,168	111,070	-19,902
	11,674	9,061	2,613
	39,971	34,769	5,202
	124,264	90,010	34,254
	106,932	91,334	15,598
	21,573	20,749	824
	104,313	101,127	3,186
	7,504	7,519	-15
	115,729	98,220	17,509
	94,104	50,791	43,313
	131,266	80,256	51,010
	107,273	47,911	59,362
	2,137	2,139	-2
	55,272	40,225	15,047
	68,320	54,948	13,372
	19,353	18,188	1,165
	111,261	96,947	14,314
	18,483	10,501	7,982
	1,624	1,636	-12
	193,744	121,690	72,054
	129,429	130,656	-1,227
	64,177	51,548	12,629
	12,557	12,846	-289
	72,483	52,944	19,539
	108,109	96,846	11,263
	110,811	99,414	11,397
	64,270	43,830	20,440
	84,566	73,591	10,975
	62,863	36,637	26,226
	11,580	10,993	587
	79,945	78,316	1,629
	149,695	113,202	36,493
	22,111	15,455	6,656
	8,987	8,829	158
	40,595	26,602	13,993
	93,242	49,307	43,935
	8,429	5,748	2,681
	1,670	1,660	10
	38,143	25,303	12,840
	15,038	15,449	-411
	55,879	53,957	1,922
	87,775	72,287	15,488
	29,237	24,616	4,621
	49,259	48,615	644
	107,374	100,441	6,933
	120,273	105,971	14,302
	94,658	46,158	48,500
	76,201	43,271	32,930
	15,357	15,660	-303
	7,288	6,999	289
	140,288	91,762	48,526
	6,481	6,633	-152
	55,451	35,322	20,129
	97,027	97,561	-534
	46,090	35,528	10,562
	62,304	38,983	23,321
	70,254	52,854	17,400
	48,637	21,419	27,218
	14,543	13,224	1,319
	146,405	160,066	-13,661

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			24,834
c			41,832
d			25,271
e			-7,893
			1,096
			5,295
			893
			622
			-405
			42,362
			-3
			12,146
			15,780
			-3,665
			124
			-1,569
			32,096
			39,615
			-27,161
			12,452
			-2,220
			17,905
			-5,241
			1,328
			19,725
			50,633
			8,113
			52,325
			24,893
			4,589
			-1,022
			-7,875
			28,510
			1,610
			9,123
			547
			23,420
			36,922
			16,894
			31,744
			-1,777
			9,349
			-4,210
			964
			15,872
			8,742
			12,155
			74,311
			1,721
			28,907
			2,824
			17,931
			26,704
			-19,902
			2,613
			5,202
			34,254
			15,598
			824
			3,186
			-15
			17,509
			43,313
			51,010
			59,362
			-2
			15,047
			13,372
			1,165
			14,314
			7,982
			-12
			72,054
			-1,227
			12,629
			-289
			19,539
			11,263
			11,397
			20,440
			10,975
			26,226
			587
			1,629
			36,493
			6,656
			158
			13,993
			43,935
			2,681
			10
			12,840
			-411
			1,922
			15,488
			4,621
			644
			6,933
			14,302
			48,500
			32,930
			-303
			289
			48,526
			-152
			20,129
			-534
			10,562
			23,321
			17,400
			27,218
			1,319
			-13,661

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,544,990
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 . . . . . . . . . . . . . . . .		3	327,873

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	931,242	13,644,754	0.068249
2012	765,863	12,787,889	0.059890
2011	932,279	12,567,012	0.074185
2010	952,677	12,163,309	0.078324
2009	939,491	11,417,279	0.082287

2	Total of line 1, column (d) ......................	2	0.362935
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	0.072587
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	14,593,611
5	Multiply line 4 by line 3.......................	5	1,059,306
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	17,857
7	Add lines 5 and 6.........................	7	1,077,163
8	Enter qualifying distributions from Part XII, line 4..............	8	894,636
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.

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	35,713
	hereand 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	35,713
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	35,713
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	30,482
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	5,297
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	35,779
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	113
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	47
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
FRANK G HELMAN	PRESIDENT 30.00	60,000	0	0
88 APPALACHEE ROAD BOOTHBAY HARBOR,ME04538
MARTHA H PEAK	VICE-PRESIDE 30.00	45,000	0	0
88 APPALACHEE ROAD BOOTHBAY HARBOR,ME04538
CARL R GRIFFIN III	SECRETARY 10.00	15,000	0	0
59 ATLANTIC AVE BOOTHBAY HARBOR,ME04538

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

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

		(a) Corpus	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			693,968
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.......	348,620
b From 2010.......	363,796
c From 2011.......	319,678
d From 2012.......	149,411
e From 2013.......	279,059
fTotal of lines 3a through e.........		1,460,564
4Qualifying distributions for 2014 from Part
XII, line 4: $ 894,636
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.....			693,968
e Remaining amount distributed out of corpus		200,668
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		1,661,232
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) ...		348,620
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		1,312,612
10 Analysis of line 9:
a Excess from 2010....	363,796
b Excess from 2011....	319,678
c Excess from 2012....	149,411
d Excess from 2013....	279,059
e Excess from 2014....	200,668

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	(e) Total

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MARTHA H PEAK VP GRANTS DIRECTOR
OTTO AND FRAN WALTER FDN 7 OAK ST
7 OAK STREET
BOOTHBAY HARBOR,ME04538
(207) 633-7300

bThe form in which applications should be submitted and information and materials they should include:

E-MAIL TO GRANTS@WALTERFOUNDATION.ORG REQUESTING FOUNDATION'S GUIDELINES FOR GIVING BEFORE SUBMITTING GRANT REQUEST.

cAny submission deadlines:

APPLICATIONS CONTINUOUSLY ACCEPTED THROUGHOUT YEAR.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR TO ANY PROGRAM OR ORGANIZATION THAT HAS A PURELY RELIGIOUS OR ETHNIC AGENDA OR THAT DISCRIMINATES BASED ON SEX OR SEXUAL ORIENTATION.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
EUROPEAN UNION STUDIES CENTER 365 FIFTH AVENUE NEW YORK,NY10016	N/A	PUBLIC CHARI	GENERAL CHARITABLE PURPOSES	15,000
MANNES COLLEGE FOR MUSIC 150 WEST 85TH STREET NEW YORK,NY10024	N/A	PUBLIC CHARI	OUTREACH PROGRAM	60,000
FED ASSOC & ADVICE FOR NAZI VICTIMS HOLWEIDER STREET 13-15 COLOGNE GERMANY,COLOGNE5106 GM	N/A	PUBLIC CHARI	EXPANSION OF CAFES	11,487
SAFE PASSAGE PO BOX 663 YARMOUTH,ME04096	N/A	PUBLIC CHARI	NEW SCHOOL BUILDING CAPITAL SUPPORT	120,000
THE ROTARY FOUNDATION 777 UNITED NATIONS PLAZA NEW YORK,NY10017	N/A	PUBLIC CHARI	TO ENDOW A PEACE FELLOWSHIP	125,000
METROPOLITAN OPERA ASSOCIATION LINCOLN CENTER MEW YORK,NY10023	N/A	PUBLIC CHARI	TO ADD NEW SCHOOL DISTRICT	25,000
COOPERATIVE FOR EDUCATION 2730 HYDE PARK AVENUE CINCINNATI,OH45209	N/A	PUBLIC CHARI	NEW SCHOLARSHIP PROGRAM FOR GIRLS	25,000
MUSKINGUM COLLEGE 163 STORMENT STREET NEW CONCORD,OH43762	N/A	PUBLIC CHARI	SUPPORT CONSTRUCTION OF NEW BUILDING	179,500
ROTARY CLUB OF KAJJANSI OFF ENTEBBE ROAD KAJJANSI,CENTRAL UGANDA UG	N/A	PUBLIC CHARI	TO ESTABLISH SCHOOL PROGRAMS	16,000
FRIENDS OF THAI DAUGHTERS PO BOX 370 TREVETT,ME04571	N/A	PUBLIC CHARI	TO HELP PREVENT CHILD TRAFFICKING	80,000
Total ................................. 3a				656,987

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	354,025		354,025
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,544,990
b	Gross sales price for all assets on line 6a 7,985,782
7	Capital gain net income (from Part IV, line 2)...			1,544,990
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,899,015		1,899,015
13	Compensation of officers, directors, trustees, etc.	120,000		30,000	90,000
14	Other employee salaries and wages......	26,600		6,650	19,950
15	Pension plans, employee benefits.......	26,140		6,536	19,604
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		16,625	8,312	8,313
c	Other professional fees (attach schedule)....		88,740	44,370	44,199
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		35,927
19	Depreciation (attach schedule) and depletion...		3,687
20	Occupancy..............	15,142		3,786	11,356
21	Travel, conferences, and meetings.......	28,481		7,120	23,531
22	Printing and publications..........	140		35	105
23	Other expenses (attach schedule).......		26,944	6,544	20,591
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	388,426		113,353	237,649
25	Contributions, gifts, grants paid........	781,987			656,987
26	Total expenses and disbursements. Add lines 24 and 25	1,170,413		113,353	894,636
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	728,602
b	Net investment income (if negative, enter -0-)			1,785,662
c	Adjusted net income (if negative, enter -0-)...

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...................

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	354,025
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	1,544,990
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)..				1,899,015

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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	931,242	13,644,754	0.068249
2012	765,863	12,787,889	0.059890
2011	932,279	12,567,012	0.074185
2010	952,677	12,163,309	0.078324
2009	939,491	11,417,279	0.082287

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
FRANK G HELMAN	PRESIDENT 30.00	60,000	0	0
88 APPALACHEE ROAD BOOTHBAY HARBOR,ME04538	PRESIDENT 30.00	60,000	0	0
MARTHA H PEAK	VICE-PRESIDE 30.00	45,000	0	0
88 APPALACHEE ROAD BOOTHBAY HARBOR,ME04538	VICE-PRESIDE 30.00	45,000	0	0
CARL R GRIFFIN III	SECRETARY 10.00	15,000	0	0
59 ATLANTIC AVE BOOTHBAY HARBOR,ME04538	SECRETARY 10.00	15,000	0	0

bApproved for future payment
FRIENDS OF THAI DAUGHTERS PO BOX 370 TREVETT,ME04571	N/A	PUBLIC CHARI	TO HELP PREVENT CHILD TRAFFICKING	125,000
Total ................................. 3b				125,000

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
QUARTERLY ACCOUNTING	7,125	3,562	3,563
PREPARATION OF FINANCIAL STMTS	5,000	2,500	2,500
TAX REPORT SERVICES	4,500	2,250	2,250

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FURNITURE	2004-09-01	3,177	3,177	S/L	7.0000
FURNITURE	2005-03-03	1,122	1,122	S/L	7.0000
FURNITURE & FIXTURES	2007-07-01	8,049	7,475	S/L	7.0000	574
OFFICE EQUIPMENT	2007-07-01	1,091	1,091	S/L	5.0000
FURNITURE & FIXTURES	2008-02-06	1,470	1,243	S/L	7.0000	210
COMPUTERS	2008-05-07	1,593	1,593	S/L	5.0000
DRIVEWAY	2008-11-17	9,300	3,152	S/L	15.0000	620
FILING CABINET	2009-03-27	1,102	746	S/L	7.0000	158
COMPUTERS	2010-11-16	4,501	2,775	S/L	5.0000	900
COMPUTERS	2011-11-28	5,368	2,237	S/L	5.0000	1,073
COMPUTERS	2012-09-25	760	190	S/L	5.0000	152

Name of Bond	End of Year Book Value	End of Year Fair Market Value
250,000 GE CAPITAL 5.4% DUE 02/15/20	251,339	271,396
100,000 HONEYWELL 5.3% DUE 03/01/201	103,387	111,098
150,000 IBM 5.7% DUE 09/14/2017	152,740	167,231
150,000 ORACLE 5% DUE 07/08/2019	154,102	167,984
150,000 TARGET CORPORATION 5.875% DU	152,455	161,176
150,000 JP MORGAN CHASE 6% DUE 01/15	155,435	167,559
100,000 MEDTRONIC 4.75% DUE 09/15/20	101,198	102,976
125,000 FRANKLIN RESOURCES 3.125% DU	125,436	126,274
150,000 MCDONALDS CORP 3.5% DUE 7/15	151,323	158,801
100,000 LOWES COMPANIES 3.75% DUE 4/	102,952	107,213
150,000 BERKSHIRE HATAWAY 3.75% DUE	162,135	160,877
150,000 THE HOME DEPOT 3.75% DUE 2	151,869	160,134
150,000 UNITED TECH CORP 3.1% DUE 6/	151,812	153,186

Name of Stock	End of Year Book Value	End of Year Fair Market Value
5,330 A T & T	180,923	179,035
980 AMERN FINANCIAL GROUP
4,440 APPLE INC	200,921	490,087
1,790 CAPITAL ONE FINANCE	131,469	147,765
2164 CHEVRON TEXACO COR
5,840 CISCO SYSTEMS INC	143,224	162,440
1,900 CONOCOPHILLIPS	110,661	131,214
2,305 EXXON MOBIL CORP	158,016	213,097
5,595 GENERAL ELECTRIC CO	138,866	141,386
1,730 HONEYWELL INTERNATIONAL
5,700 INTEL CORP	166,997	206,853
975 INTERNATIONAL BUSINESS MACHINES
2,520 JOHNSON & JOHNSON	215,457	263,516
3,790 JPMORGAN CHASE & CO	173,395	237,178
1,730 MACYS INC FKA FEDERATED	101,017	113,748
3,400 MARATHON OIL CORP	101,636	96,186
6,220 MICROSOFT CORP	187,313	288,919
4,520 VERIZON COMMUNICATIONS	214,603	211,446
2,280 ALASKA AIR GROUP INC
210 BIOGEN IDEC INC	23,963	71,285
828 CELGENE CORP
1,920 DIRECTV CL A
1,390 FOOT LOCKER	72,765	78,090
1,720 HOME DEPOT INC	90,217	180,548
10,190 KEYCORP INC NEW
660 MCKESSON CORPORATION	69,679	137,003
1,890 ORACLE CORPORATION	55,076	84,993
5,310 PFIZER INCORPORATED	112,905	165,407
2,730 ALLSTATE CORPORATION
3,130 AMERICAN INTL GROUP NEW	121,636	175,311
1,320 BOEING CO	109,659	171,574
2,350 COMCAST CORP NEW CL A	70,615	136,324
1,690 COVIDEN PLC NEW
1,520 DELTA AIR LINES INC NEW	17,102	74,769
1,990 DISNEY WALT CO	152,795	187,438
320 FLOWSERVE CORPORATION
820 FLUOR CORPORATION
2,110 KROGER COMPANY	50,586	135,483
1,690 MARROITT INTL INC CL A
2,470 MERCK & CO INC NEW	142,039	140,271
1,650 PINNACLE WEST CAPITAL
1,030 RAYTHEON COMPANY NEW	58,507	111,415
860 TRW AUTOMOTIVE HOLDINGS
1,380 WELLS FARGO & CO	65,541	75,652
1,170 3M COMPANY	161,434	192,254
990 ADVANCE AUTO PARTS INC
1,730 AGCO
1,030 AVERY DENNISON CORP
2,150 BAKER HUGHES INC
1,340 BORG WARNER INC
1,760 CARDINAL HEALTH INC
480 CIMAREX ENERGY CO
1,080 COCA COLA ENT NEW	44,147	47,758
2,200 DISCOVER FINANCIAL SVCS
1,120 DOVER CORPORATION
3,060 DOW CHEMICAL COMPANY
1,850 DR PEPPER SNAPPLE GROUP
1,790 EXTRA SPACE STORAGE INC
1,030 FACEBOOK INC CLASS A
1,550 GAMESTOP CORP CL A NEW
1,360 GILEAD SCIENCES INC	102,620	128,194
1,190 GNC HOLDINGS INC
230 GOOGLE INC CLASS A	118,928	122,052
1,627 HALLIBURTON CO HLDG CO	77,913	63,990
1,330 ILLINOIS TOOL WORKS INC	99,778	125,951
910 J M SMUCKER CO NEW
1,760 KRAFT FOODS GROUP	93,405	110,282
1870 LAM RESEARCH CORPORATION
970 LINCOLN NATIONAL CORP	42,984	55,940
1,260 MARATHON PETE CORP	110,784	113,728
1,210 MYLAN INC	37,662	68,208
1290 NORFOLK SOUTHERN CORP
1770 OMNICARE INC
1340 PROCTER & GAMBLE
2,610 PUB SVC ENT GROUP INC	84,183	108,080
4,980 PULTEGROUP INC	100,604	106,871
2490 QUALCOMM INC
500 ROCKWELL AUTOMATION INC
1970 SOUTHERN COPPER CORP
1870 ST JUDE MEDICAL INC
1410 STARWOOD HTLS & RSTS NEW
1630 STATE STREET CORP
2970 TEXAS INSTRUMENTS INC
630 THERMO FISHER SCIENTIFIC	48,306	78,933
560 TIFFANY & CO NEW
1480 VIACOM INC CL B
580 WELLPOINT INC
1,010 WESTERN DIGITAL CORP	64,175	111,807
590 WHIRLPOOL CORP	66,824	114,307
2520 YAHOO INC
940 ZIMMER HOLDINGS INC	51,953	106,615
7,280 ALCOA INC	109,028	114,951
560 ALEXANDRIA REAL EST EQTY REIT	43,268	49,694
2,130 AMER ELECTRIC PWR CO INC	115,894	129,334
1,230 AMGEN INCORPORATED	150,419	195,927
2,560 ARRIS GROUP INC NEW	76,230	77,286
12,760 BANK OF AMERICA	213,657	228,276
2,350 BEST BUY INC	84,363	91,603
1,810 BRINKER INTL INC	100,235	106,229
1,540 CH ROBINSON WORLDWIDE NEW	105,912	115,331
300 COOPER COMPANIES NEW	46,646	48,627
640 DUN & BRADSTREET CP NEW	70,758	77,414
5,080 EMC CORP MASS	148,350	151,079
3,240 FEDERATED INVS PA CL B	105,913	106,693
4,560 FIFTH THIRD BANCORP	97,818	92,910
9,040 FORD MOTOR COMPANY NEW	133,250	140,120
450 F5 NETWORKS INC	55,829	58,709
230 GOOGLE INC CLASS C	119,309	121,072
3,270 JETBLUE AIRWAYS CORP	47,748	51,862
660 KIRBY CORPORATION	74,503	53,288
1,130 LYONDELLABASELL INDS	126,963	89,711
1,140 MANPOWER GROUP	89,512	77,714
2,880 MICRON TECHNOLOGY INC	86,152	100,829
2,900 MONDELEZ INTL INC CL A	110,451	105,343
1,410 OCCIDENTAL PETE CORP	135,969	113,660
840 PARKER-HANNIFIN CORP	105,267	108,318
1,890 PEPSICO INCORPORATED	156,247	178,718
4,350 PITNEY BOWES INC	115,829	106,010
4,050 PROGRESSIVE CORP OHIO	103,317	109,310
1,840 RAYMOND JAMES FINL INC	94,612	105,414
10,640 REGIONS FINANCIAL CP NEW	108,101	112,357
1,820 TIME WARNER INC.	138,327	155,463
580 UNITED THERAPEUTICS CORP	73,244	75,103
740 UNIVERSAL HEALTH SVCS CL B	80,165	82,331

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SECURITY DEPOSIT - RENT	960	960	960
ACCRUED INVESTMENT INCOME	41,749	48,790	48,790

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
TEL, COMPUTER & INTERNET	13,458	3,365	10,083
INSURANCE	2,018	505	1,514
OFFICE & POSTAGE	7,058	1,765	5,460
DUES,FEES & PERMITS	4,410	909	3,534

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