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
RACHEL BOYCE LANG CHARITABLE TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)16924 ST CLAIR AVENUE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EAST LIVERPOOL, OH43920
A Employer identification number

31-1603385
B Telephone number (see instructions)

(330) 385-9200
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,822,504J 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 953 953  
4 Dividends and interest from securities...... 362,154 362,154  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 324,034
b Gross sales price for all assets on line 6a 2,124,508
7 Capital gain net income (from Part IV, line 2)... 324,034
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........ 687,141 687,141  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 550 0 0 550
c Other professional fees (attach schedule).... Click to see attachment 59,169 59,169   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,590 6,578   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)....... Click to see attachment 1,118 1,118    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,427 66,865 0 550
25 Contributions, gifts, grants paid........ 336,700 336,700
26 Total expenses and disbursements. Add lines 24 and 25 406,127 66,865 0 337,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 281,014
b Net investment income (if negative, enter -0-) 620,276
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............... 2,161    
2 Savings and temporary cash investments.......... 193,855 297,316 297,316
3 Accounts receivable bullet10,841
Less: allowance for doubtful accounts bullet   2,319 10,841 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...........      
10a Investments—U.S. and state government obligations (attach schedule) 535,182 Click to see attachment818,927 845,816
b Investments—corporate stock (attach schedule)........ 2,798,518 Click to see attachment2,560,438 3,010,980
c Investments—corporate bonds (attach schedule)........ 2,292,370 Click to see attachment2,516,397 2,668,392
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 98,500   0
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) 5,922,905 6,203,919 6,822,504
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......... 5,922,905 6,203,919
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)...... 5,922,905 6,203,919
31 Total liabilities and net assets/fund balances (see instructions).. 5,922,905 6,203,919
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 5,922,905
2 Enter amount from Part I, line 27a..................... 2 281,014
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 6,203,919
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 6,203,919
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 668. BRITISH AMERICAN TOBACCO PLC     2014-01-13
b 19. BRITISH AMERICAN TOBACCO PLC   2013-06-27 2014-01-13
c 50000. FEDEX CORP 7.375% 01/15/2014   2009-01-21 2014-01-15
d 1835. TAIWAN SEMICONDUCTOR MFG CO LTD   2010-07-06 2014-01-23
e 1476. TAIWAN SEMICONDUCTOR MFG CO LTD   2010-07-06 2014-01-24
128. TAIWAN SEMICONDUCTOR MFG CO LTD   2013-06-27 2014-01-27
231. TAIWAN SEMICONDUCTOR MFG CO LTD   2010-07-06 2014-01-27
45. HONEYWELL INTERNATIONAL INC   2013-06-27 2014-02-10
942. HONEYWELL INTERNATIONAL INC     2014-02-10
50000. WESTERN UNION COMPANY 6.5% 02/26/2014   2009-04-28 2014-02-26
.1461 VERIZON COMMUNICATIONS   2014-02-25 2014-03-03
549. VERIZON COMMUNICATIONS   2014-02-25 2014-03-06
.9091 VODAFONE GROUP   2005-09-20 2014-03-18
790. RPM INTL   2008-07-15 2014-03-20
820. ETRACS ALERIAN MLP INFRASTRUCTURE ETN   2012-07-18 2014-03-20
131. RPM INTL   2008-07-15 2014-03-21
100. TRI-STATE FIRST BANC INC SERIES B PREFER   2009-04-17 2014-04-01
30000. OHIO ST ED FAC COMMN REV 6% 05/01/2016   2006-06-15 2014-05-01
30000. PASADENA CA PENSION FDG SER A 7.28% 05/1   2008-11-17 2014-05-15
100000. SUNTRUST BANK CD 4% 05/28/2014   2009-05-11 2014-05-28
55. EMERSON ELECTRIC CO   2013-06-27 2014-06-06
1179. EMERSON ELECTRIC CO     2014-06-06
492. RPM INTL     2014-06-06
779. RPM INTL   2010-07-23 2014-06-09
62. RPM INTL   2013-06-27 2014-06-09
100000. WARNER CHILCOTT CO LLC 7.75% 09/15/2018-   2014-02-11 2014-07-21
4. 3M COMPANY   2014-06-17 2014-09-23
504. 3M COMPANY     2014-09-23
18. APPLE INC   2014-06-17 2014-10-24
1029. APPLE INC     2014-10-24
.5 HALYARD HEALTH INC   2014-06-17 2014-11-10
.125 HALYARD HEALTH INC   2013-06-27 2014-11-10
66. HALYARD HEALTH INC     2014-11-14
17000. VERIZON COMMUNICATIONS 8.75% 11/01/2018   2008-11-18 2014-11-24
321. SEADRILL LTD CP     2014-11-26
2020. SEADRILL LTD CP     2014-11-26
68. AT&T     2014-12-09
80. ASTRAZENECA PLC     2014-12-09
207. BPOST SA     2014-12-09
155. CA INC.     2014-12-09
35. CHEVRON CORPORATION   2013-06-27 2014-12-09
68. CONOCOPHILLIPS   2013-06-27 2014-12-09
56. DUKE ENERGY CORP     2014-12-09
169. GDF SUEZ     2014-12-09
57. GLAXO SMITHKLINE SPONSORED PLC ADR   2005-12-28 2014-12-09
163. GOVERNMENT PROPERTIES INCOME TRUST (REIT)   2010-07-23 2014-12-09
78. HEALTH CARE REIT INC     2014-12-09
329. INDUSTRIAL AND COMMERICAL BANK OF CHINA     2014-12-09
198. INTEL     2014-12-09
57. JOHNSON & JOHNSON   2013-06-27 2014-12-09
34. KIMBERLY-CLARK CORP     2014-12-09
166. LEGGETT & PLATT, INC.     2014-12-09
110. MICROSOFT CORP   2005-12-28 2014-12-09
209. MUENCHENER RUECK (MUNICH RE)     2014-12-09
293. NEW YORK COMMUNITY BANCORP, INC.   2013-06-27 2014-12-09
156. ORANGE SA ADR   2010-12-10 2014-12-09
529. ORKLA ASA -ADR     2014-12-09
138. OUTFRONT MEDIA INC     2014-12-09
129. PAYCHEX INC     2014-12-09
176. PENNYMAC MORTGAGE INVESTMENT TRUST (REIT)     2014-12-09
42. PEPSICO INC     2014-12-09
37. PHILIP MORRIS INTL     2014-12-09
45. PROCTER & GAMBLE CO.     2014-12-09
62. ROYAL DUTCH SHELL PLC   2013-04-30 2014-12-09
85. SANOFI-AVENTIS ADR     2014-12-09
179. SMITHS GROUP PLC     2014-12-09
110. TAL INTL GROUP   2013-10-16 2014-12-09
83. TOTAL FINA SA SPON ADR   2013-04-30 2014-12-09
150. ETRACS ALERIAN MLP INFRASTRUCTURE ETN     2014-12-09
75.9999 VODAFONE GROUP     2014-12-09
167. WESTPAC BANKING CORP   2013-06-27 2014-12-09
154. ZURICH INSURANCE GROUP AG     2014-12-09
49. ACCENTURE PLC     2014-12-09
44. EATON CORP PLC   2014-09-23 2014-12-09
43. SEAGATE TECHNOLOGY   2014-11-17 2014-12-09
99. ETRACS ALERIAN MLP INFRASTRUCTURE ETN   2014-06-17 2014-12-11
2152. ETRACS ALERIAN MLP INFRASTRUCTURE ETN   2012-07-18 2014-12-11
100000. PLAINS EXPLORATION & PRODUCTION 7.625% 0   2013-06-07 2014-12-17
49. AT&T   2009-04-28 2014-12-19
32. ASTRAZENECA PLC   2008-07-15 2014-12-19
82. BPOST SA   2014-01-24 2014-12-19
62. CA INC.   2012-06-15 2014-12-19
14. CHEVRON CORPORATION   2013-06-27 2014-12-19
27. CONOCOPHILLIPS     2014-12-19
23. DUKE ENERGY CORP   2009-02-11 2014-12-19
67. GDF SUEZ   2014-03-20 2014-12-19
41. GLAXO SMITHKLINE SPONSORED PLC ADR   2005-12-28 2014-12-19
64. GOVERNMENT PROPERTIES INCOME TRUST (REIT)   2010-07-23 2014-12-19
31. HEALTH CARE REIT INC     2014-12-19
130. INDUSTRIAL AND COMMERICAL BANK OF CHINA   2014-06-12 2014-12-19
79. INTEL   2013-04-30 2014-12-19
23. JOHNSON & JOHNSON     2014-12-19
100000. KLA-TENCOR CORP 6.9% 05/01/2018   2013-11-08 2014-12-19
13. KIMBERLY-CLARK CORP   2008-08-12 2014-12-19
66. LEGGETT & PLATT, INC.   2011-03-18 2014-12-19
44. MICROSOFT CORP   2005-12-28 2014-12-19
82. MUENCHENER RUECK (MUNICH RE)   2014-01-14 2014-12-19
115. NEW YORK COMMUNITY BANCORP, INC.   2013-06-27 2014-12-19
113. ORANGE SA ADR   2010-12-10 2014-12-19
208. ORKLA ASA -ADR   2014-02-18 2014-12-19
54. OUTFRONT MEDIA INC   2014-06-06 2014-12-19
51. PAYCHEX INC   2011-06-17 2014-12-19
16. PEPSICO INC   2012-06-08 2014-12-19
14. PHILIP MORRIS INTL   2005-12-28 2014-12-19
18. PROCTER & GAMBLE CO.   2010-08-20 2014-12-19
25. ROYAL DUTCH SHELL PLC   2013-04-30 2014-12-19
34. SANOFI-AVENTIS ADR   2005-12-28 2014-12-19
70. SMITHS GROUP PLC   2013-04-30 2014-12-19
43. TAL INTL GROUP   2013-10-16 2014-12-19
33. TOTAL FINA SA SPON ADR   2013-04-30 2014-12-19
55. VODAFONE GROUP   2005-12-28 2014-12-19
66. WESTPAC BANKING CORP   2013-06-27 2014-12-19
61. ZURICH INSURANCE GROUP AG   2012-10-12 2014-12-19
19. ACCENTURE PLC   2010-12-16 2014-12-19
28. EATON CORP PLC   2014-09-23 2014-12-19
31. SEAGATE TECHNOLOGY   2014-11-17 2014-12-19
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 66,640   29,840 36,800
b 1,895   1,996 -101
c 50,000   50,000  
d 32,323   18,253 14,070
e 25,935   14,682 11,253
2,198   2,312 -114
3,966   2,298 1,668
4,181   3,628 553
87,528   29,330 58,198
50,000   50,000  
7   7  
26,019   26,414 -395
34   46 -12
33,266   15,939 17,327
31,856   27,161 4,695
5,526   2,643 2,883
500,000   500,000  
30,000   30,000  
30,000   30,162 -162
100,000   98,500 1,500
3,718   3,054 664
79,701   38,364 41,337
21,887   9,531 12,356
34,846   14,741 20,105
2,773   1,992 781
104,942   107,043 -2,101
579   576 3
72,937   44,096 28,841
1,888   1,662 226
107,927   66,110 41,817
19   19  
5   4 1
2,461   1,388 1,073
21,278   17,127 4,151
5,392   11,679 -6,287
33,931   43,264 -9,333
2,224   1,876 348
5,753   3,726 2,027
4,930   5,003 -73
4,762   4,371 391
3,746   4,167 -421
4,406   4,122 284
4,592   2,615 1,977
4,087   4,685 -598
2,507   2,897 -390
3,757   2,705 1,052
5,883   3,958 1,925
4,531   4,179 352
7,304   4,750 2,554
6,143   4,953 1,190
3,862   2,668 1,194
6,939   4,923 2,016
5,237   2,914 2,323
4,183   4,512 -329
4,670   4,125 545
2,666   3,313 -647
3,697   4,560 -863
3,801   4,547 -746
6,004   4,214 1,790
3,923   4,803 -880
4,075   3,173 902
3,190   2,442 748
4,073   3,159 914
4,210   4,336 -126
3,918   4,132 -214
3,060   3,581 -521
4,526   2,978 1,548
4,458   4,171 287
6,032   5,636 396
2,659   3,586 -927
4,562   4,493 69
4,821   3,984 837
4,167   3,424 743
3,006   2,432 574
2,831   2,716 115
3,812   4,275 -463
82,862   71,280 11,582
105,817   110,514 -4,697
1,640   1,240 400
2,287   1,455 832
2,006   1,618 388
1,923   1,629 294
1,551   1,667 -116
1,893   1,509 384
1,909   1,036 873
1,590   1,808 -218
1,778   2,084 -306
1,476   1,786 -310
2,361   1,591 770
1,795   1,642 153
2,868   1,877 991
2,432   1,565 867
117,140   113,887 3,253
1,500   774 726
2,786   1,506 1,280
2,101   1,166 935
1,648   1,722 -74
1,843   1,619 224
1,959   2,400 -441
1,425   1,633 -208
1,447   1,756 -309
2,370   1,517 853
1,527   1,091 436
1,161   557 604
1,661   1,078 583
1,748   1,748  
1,569   1,515 54
1,163   1,375 -212
1,820   2,133 -313
1,734   1,658 76
1,933   2,169 -236
1,754   1,776 -22
1,910   1,464 446
1,720   881 839
1,926   1,824 102
2,125   1,959 166
      1,685
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       36,800
b       -101
c        
d       14,070
e       11,253
      -114
      1,668
      553
      58,198
       
       
      -395
      -12
      17,327
      4,695
      2,883
       
       
      -162
      1,500
      664
      41,337
      12,356
      20,105
      781
      -2,101
      3
      28,841
      226
      41,817
       
      1
      1,073
      4,151
      -6,287
      -9,333
      348
      2,027
      -73
      391
      -421
      284
      1,977
      -598
      -390
      1,052
      1,925
      352
      2,554
      1,190
      1,194
      2,016
      2,323
      -329
      545
      -647
      -863
      -746
      1,790
      -880
      902
      748
      914
      -126
      -214
      -521
      1,548
      287
      396
      -927
      69
      837
      743
      574
      115
      -463
      11,582
      -4,697
      400
      832
      388
      294
      -116
      384
      873
      -218
      -306
      -310
      770
      153
      991
      867
      3,253
      726
      1,280
      935
      -74
      224
      -441
      -208
      -309
      853
      436
      604
      583
       
      54
      -212
      -313
      76
      -236
      -22
      446
      839
      102
      166
       
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 2 324,034
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 334,780 6,798,781 0.049241
2012 325,215 6,586,743 0.049374
2011 318,428 6,565,417 0.048501
2010 287,348 6,056,886 0.047442
2009 304,631 5,889,136 0.051728
2 Total of line 1, column (d) ...................... 2 0.246286
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 0.049257
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,943,054
5 Multiply line 4 by line 3....................... 5 341,994
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,203
7 Add lines 5 and 6......................... 7 348,197
8 Enter qualifying distributions from Part XII, line 4.............. 8 337,250
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 12,406
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 12,406
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 12,406
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,630
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 1,630
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 26
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 10,802
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)
    bulletOH
    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 ofbullet1ST NATIONAL COMMUNITY BANK Telephone no.bullet (330) 385-9200
    Located atbullet16924 ST CLAIR AVENUEEAST LIVERPOOLOH ZIP+4bullet43920
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MARY SUE LANG TRUSTEE
    1     		0    
    PO BOX 103
    EAST LIVERPOOL,OH43920
    CHARLES B LANG TRUSTEE
    1     		0    
    RD 1 BOX 255
    CHESTER,WV26034
    JAMES R LANG TRUSTEE
    1     		0    
    24 PRIMROSE DRIVE
    TRUMBULL,CT06611
    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 WESBANCO BANK - TECHNICAL ASSISTANCE PROVIDED TO ENSURE THE MAINTENANCE OF COMPLETE AND ACCURATE FINANCIAL RECORDS - FILING OF FORM 990-PF 550
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    6,721,450
    b
    Average of monthly cash balances.......................
    1b
    327,336
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,048,786
    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
    7,048,786
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    105,732
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,943,054
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    347,153
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    347,153
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    12,406
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,406
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    334,747
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    334,747
    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
    334,747
    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
    337,250
    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
    337,250
    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
    337,250
    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 7 334,747
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 74
    b Total for prior years:2012, 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$ 337,250
    a Applied to 2013, but not more than line 2a 74
    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..... 334,747
    e Remaining amount distributed out of corpus 2,429
    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 2,429
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		2,429
    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.... 2,429
    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
    MT UNION COLLEGE
    1972 CLARK AVENUE
    ALLIANCE,OH44601     		NONE 501(C)(3) ANNUAL DISTRIBUTION / 90,000
    COPELAND OAKS RETIREMENT COMMUNITY
    715 SOUTH JOHNSON ROAD
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION / 85,000
    CRANDALL MEDICAL CENTER
    715 SOUTH JOHNSON ROAD
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION / 85,000
    KENT STATE UNIVERSITY - EAST LIVERP
    400 EAST 4TH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION / 42,000
    FIRST UNITED METHODIST CHURCH
    200 W 5TH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION / 34,700
    Total .................................bullet 3a 336,700
    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 ............     		    14 953  
    4 Dividends and interest from securities....     14 362,154  
    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 .............     		    18 324,034  
    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)..   687,141  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13687,141
    (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:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 550     550

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GENERAL ELECTRIC 5.25% 12/6/17 194,528 194,129
    OMNICOM GROUP 4.45% 8/15/20 107,694 107,562
    UNITED HEALTH GROUP 6% 6/15/17 99,854 110,879
    AMERICAN EXPRESS 7% 3/19/2018 200,384 231,390
    GOLDMAN SACHS 6.15% 4/1/2018 43,782 56,121
    VERIZON COMM 8.75% 11/01/2018    
    ALTRIA GROUP 9.7% 11/10/2018 52,601 63,491
    AUTOZONE INC 6.95% 6/15/2016 50,481 54,147
    CRH AMERICA 6% 09/30/2016 75,615 80,723
    COMPUTER SCIENCES CORP 6.5% 49,267 55,891
    FEDEX CORP 7.375% 01/15/2014    
    JEFFERIES GROUP 8.5% 7/15/2019 103,850 119,830
    KRAFT FOODS 6.125% 2/1/2018 102,449 112,359
    MACQUARIE GROUP LTD 3% 12/3/18 76,620 76,790
    PPL ENERGY SUPPLY 6.5% 5/1/18 88,465 105,026
    STARBUCKS CORP 6.25% 8/15/2017 48,123 56,161
    VIACOM 6.25% 4/30/2016 50,696 53,415
    WESTERN UNION COMPANY 6.5%    
    WYETH 5.5% 2/15/2016 50,679 52,641
    BLACKROCK INC 6.25% 9/15/2017 104,269 112,029
    BROADRIDGE FINANCIAL SOLUTIONS 76,771 81,482
    MBNA (BAC) 5% 6/15/2015 100,611 101,927
    VALERO ENERGY 6.125% 6/15/17 76,031 82,381
    WILLIS N AMERICA 5.625% 7/15/1 50,849 51,211
    VERIZON MARYLAND 7.15% 5/1/13    
    CLOROX COMPANY 5.95% 10/15/17 52,489 55,748
    NATIONAL OILWELL VARCO 6.125% 50,291 50,024
    ENTERGY CORP 4.7% 1/15/2017 102,968 105,309
    BMC SOFTWARE INC 7.25% 06/18 55,021 48,375
    KLA-TENCOR CORP 6% 5/2018    
    PLAINS EXPLORATION & PRODUCTIO    
    QUEST DIAGNOSTICS 5.45% 11/15 51,000 51,767
    TEVA PHARMACEUTICAL FIN CO 76,709 76,550
    TYCO ELECTRONICS GROUP 6.55% 112,341 112,563
    SARA LEE CORP 2.75% 9/15/15 101,661 100,721
    PETROLOGISTICS LP 6.25% 4/1/20 110,298 107,750

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BRITISH AMERICAN TOBACCO COMPA    
    CHEVRON CORPORATION 35,056 57,548
    GLAXO SMITHKLINE SPONSORED PLC 74,734 64,580
    MICROSOFT CORP 42,671 75,110
    TRI-STATE FIRST BANK INC 270,120 216,096
    VODAFONE GROUP PLC - SP ADR 74,773 70,083
    JOHNSON AND JOHNSON 51,552 88,257
    SANOFI-AVENTIS ADR 55,902 57,104
    KIMBERLY-CLARK CORP 29,121 56,152
    PHILIP MORRIS INTL 21,257 43,169
    ASTRAZENECA PLC 53,976 83,400
    RPM INC    
    AT&T 49,977 61,604
    CONOCOPHILLIPS 39,825 69,060
    DUKE ENERGY CORP 37,965 70,007
    EMERSON ELECTRIC CO    
    HONEYWELL INTERNATIONAL INC    
    PEPSICO INC 34,591 57,776
    TRI-STATE 1ST BANK INC - SER B    
    ACCENTURE PLC 33,753 64,482
    GOVERNMENT PROPERTIES INC TR 59,983 55,063
    HEALTH CARE REIT INC 54,341 87,626
    INTEL 59,208 105,858
    PROCTER & GAMBLE 39,422 59,755
    ROYAL DUTCH SHELL PLC 51,920 63,995
    TAIWAN SEMICONDUCTOR MANUFACTU    
    TOTAL FINA SA SPON ADR 59,995 63,590
    SEADRILL LTD CP    
    LEGGETT & PLATT INC 53,207 103,968
    PAYCHEX INC 56,323 87,077
    WESTPAC BANKING CORP 55,494 66,093
    ZURICH INSURANCE GROUP AG 54,594 70,824
    CA INC 59,526 69,852
    NEW YORK COMMUNITY BANCORP INC 55,678 68,608
    3M COMPANY    
    ETRACS ALERIAN MLP INFRASTRUCT    
    APPLE INC    
    TAL INTL GROUP 72,998 69,930
    SMITHS GROUP PLC 51,175 44,053
    ORANGE SA 70,418 70,793
    PENNYMAC MORTGAGE INVESTMENT T 67,000 55,741
    BPOST SA 59,912 77,348
    GDF SUEZ 67,062 57,896
    GENERAL ELECTRIC 145,267 143,407
    INDUSTRIAL AND COMM BANK CHINA 60,848 70,328
    MCDONALDS CORP 72,382 72,430
    MUENCHENER RUECK (MUNICH RE) 63,960 60,433
    ORKLA ASA - ADR 59,669 51,677
    OUTFRONT MEDIA INC 65,782 54,324
    SEAGATE TECHNOLOGY 71,583 75,544
    EATON CORP PLC 67,418 70,339

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    818,927
    State & Local Government Securities - End of Year Fair Market Value:


    845,816


    TY 2014 InvestmentsOtherSchedule2
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SUNTRUST BANK CD 4% 5/28/14      

    TY 2014 OtherExpensesSchedule
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 1,118 1,118   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-NOT SUBJE 59,169 59,169    


    TY 2014 TaxesSchedule
    Name:
    RACHEL BOYCE LANG CHARITABLE TRUST
    EIN: 31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 6,578 6,578   0
    FEDERAL TAX PAYMENT - PRIOR YE 382 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,630 0   0