TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
PAUL A HUMBERT SCHOLAR TR IUA

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3636 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI495013636

A Employer identification number

35-6505726

B Telephone number (see instructions)

(616) 653-5629

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$551,729J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	1		1
4	Dividends and interest from securities......	12,488		12,488
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		14,904
b	Gross sales price for all assets on line 6a 390,114
7	Capital gain net income (from Part IV, line 2)...			14,904
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........	27,393		27,393
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).......		660	330	0	330
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		719	174		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).......		7,272	7,272
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,651		7,776	0	330
25	Contributions, gifts, grants paid........	27,500				27,500
26	Total expenses and disbursements. Add lines 24 and 25	36,151		7,776	0	27,830
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-8,758
b	Net investment income (if negative, enter -0-)			19,617
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	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...............	1	1	1
	2	Savings and temporary cash investments..........	34,988	29,618	29,618
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	478,958	475,569	522,110
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	513,947	505,188	551,729
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	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.........	508,201	492,022
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	5,745	13,166
	30	Total net assets or fund balances (see instructions)......	513,946	505,188
	31	Total liabilities and net assets/fund balances (see instructions)..	513,946	505,188

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	513,946
2	Enter amount from Part I, line 27a.....................	2	-8,758
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	505,188
5	Decreases not included in line 2 (itemize)	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	505,188

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	519.531 EATON VANCE FLOATING RATE I		2013-02-21	2014-07-16
b	1331.28 EATON VANCE FLOATING RATE I		2013-08-27	2014-07-16
c	75.117 EUROPACIFIC GROWTH FD CL F-2		2014-01-16	2014-07-16
d	23.271 EUROPACIFIC GROWTH FD CL F-2		2014-02-20	2014-07-16
e	17.955 HARBOR CAPITAL APPRECIATION		2013-11-13	2014-07-16
	28.806 PIMCO TOTAL RETURN FUND(IT		2014-05-15	2014-07-16
	72.165 PIMCO TOTAL RETURN FUND(IT		2014-06-18	2014-07-16
	2651.153 PIMCO TOTAL RETURN FUND(IT		2013-07-24	2014-07-16
	554.177 PIMCO TOTAL RETURN FUND(IT		2013-09-20	2014-07-16
	582.226 PIMCO TOTAL RETURN FUND(IT		2014-01-16	2014-07-16
	55.891 PIMCO TOTAL RETURN FUND(IT		2013-12-19	2014-07-16
	138. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [NQDI]		2013-02-21	2014-07-16
	38.764 AVENUE MUTUAL FUNDS		2014-03-19	2014-08-12
	4.119 BARON GROWTH INSTL		2010-11-05	2014-08-12
	.009 BARON GROWTH INSTL		2010-11-05	2014-08-12
	269.415 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2014-08-12
	9.032 DIAMOND HILL SM CAP - I		2013-07-24	2014-08-12
	162.022 EUROPACIFIC GROWTH FD CL F-2		2014-02-20	2014-08-12
	6.37 GOLDMAN SACHS M/C VALUE-INST		2011-12-20	2014-08-12
	.013 HARBOR CAPITAL APPRECIATION		2013-11-13	2014-08-12
	16.151 HARBOR CAPITAL APPRECIATION		2014-04-15	2014-08-12
	32.233 HOTCHKIS & WILEY HIGH YIELD I		2014-01-16	2014-08-12
	105.633 JPMORGAN TR INCOME OPP SEL		2013-03-25	2014-08-12
	59.704 LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2014-05-15	2014-08-12
	32.215 MAINSTAY MARKETFIELD I		2014-03-19	2014-08-12
	73.728 MAINSTAY MARKETFIELD I		2014-04-15	2014-08-12
	4.414 MAINSTAY MARKETFIELD I		2014-03-19	2014-08-12
	190.264 OPPENHEIMER INTL BD FD CL Y		2013-02-21	2014-08-12
	4.011 T ROWE PRICE MID-CAP GROWTH FUND		2011-12-20	2014-08-12
	245.073 SENTINEL GROUP FDS INC		2014-07-16	2014-08-12
	33.827 TCW EMERGING MARKETS INCOME CL I		2013-05-21	2014-08-12
	34.825 TCW EMERGING MARKETS INCOME CL I		2013-02-21	2014-08-12
	39.612 TCW EMERGING MARKETS INCOME CL I		2013-03-25	2014-08-12
	12.977 TCW EMERGING MARKETS INCOME CL I		2013-03-25	2014-08-12
	69.408 TCW EMERGING MARKETS INCOME CL I		2013-02-21	2014-08-12
	45. VANGUARD REIT ETF		2013-10-16	2014-08-12
	45. VANGUARD REIT ETF		2013-10-16	2014-08-12
	30.829 WILLIAM BLAIR FDS ALLOC I		2014-07-16	2014-08-12
	11.154 WILLIAM BLAIR FDS ALLOC I		2014-01-16	2014-08-12
	29.352 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2014-08-12
	12.932 EUROPACIFIC GROWTH FD CL F-2		2014-02-20	2014-09-16
	30.829 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2014-09-16
	1.03 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2014-09-16
	26.67 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2014-10-15
	116.126 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2014-10-15
	45.167 JPMORGAN TR INCOME OPP SEL		2013-03-25	2014-10-15
	30.676 LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2014-05-15	2014-10-15
	22.162 MAINSTAY MARKETFIELD I		2014-03-19	2014-10-15
	243.163 MAINSTAY MARKETFIELD I		2014-04-15	2014-10-15
	320.933 MAINSTAY MARKETFIELD I		2014-05-19	2014-10-15
	66.884 MAINSTAY MARKETFIELD I		2014-05-15	2014-10-15
	22.162 MAINSTAY MARKETFIELD I		2014-09-16	2014-10-15
	1500.204 MAINSTAY MARKETFIELD I		2012-06-21	2014-10-15
	10.053 MAINSTAY MARKETFIELD I		2014-03-19	2014-10-15
	53.242 OPPENHEIMER INTL BD FD CL Y		2013-02-21	2014-10-15
	49.326 SENTINEL GROUP FDS INC		2014-07-16	2014-10-15
	670.143 TCW EMERGING MARKETS INCOME CL I		2012-09-27	2014-10-15
	6. VANGUARD REIT ETF		2014-09-16	2014-10-15
	5. VANGUARD REIT ETF		2013-10-16	2014-10-15
	30.81 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2014-10-15
	63.818 OPPENHEIMER INTL BD FD CL Y		2013-02-21	2014-10-16
	63.238 SENTINEL GROUP FDS INC		2014-07-16	2014-10-16
	17.219 HARBOR CAPITAL APPRECIATION		2014-09-16	2014-11-19
	259.942 JPMORGAN US LRG CAP COREPLUS S		2014-10-15	2014-11-19
	60.466 JPMORGAN TR INCOME OPP SEL		2013-03-25	2014-11-19
	330.236 JPMORGAN TR INCOME OPP SEL		2013-03-25	2014-11-19
	4. VANGUARD REIT ETF		2013-10-16	2014-11-19
	376.872 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2014-11-19
	917. AVENUE MUTUAL FUNDS		2014-03-19	2015-01-22
	50.972 AVENUE MUTUAL FUNDS		2014-11-19	2015-01-22
	26.67 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2015-01-22
	126.619 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2015-01-22
	296.302 BLACKROCK FDS II STRG OPP INSTL		2014-07-16	2015-01-22
	43.66 BLACKROCK FDS II STRG OPP INSTL		2014-06-18	2015-01-22
	36.538 BLACKROCK FDS II STRG OPP INSTL		2014-05-15	2015-01-22
	170.92 BLACKROCK FDS II STRG OPP INSTL		2014-11-19	2015-01-22
	505.46 BLACKROCK FDS II STRG OPP INSTL		2014-01-16	2015-01-22
	30.811 BLACKROCK FDS II STRG OPP INSTL		2013-12-19	2015-01-22
	27.841 BLACKROCK FDS II STRG OPP INSTL		2013-07-24	2015-01-22
	583.889 BLACKROCK FDS II STRG OPP INSTL		2013-09-20	2015-01-22
	9.117 BLACKROCK FDS II STRG OPP INSTL		2013-07-24	2015-01-22
	88.835 EUROPACIFIC GROWTH FD CL F-2		2014-11-19	2015-01-22
	8.011 EUROPACIFIC GROWTH FD CL F-2		2014-02-20	2015-01-22
	573.137 JPMORGAN US LRG CAP COREPLUS S		2014-10-15	2015-01-22
	945.883 JPMORGAN TR INCOME OPP SEL		2013-03-25	2015-01-22
	26.904 JPMORGAN TR INCOME OPP SEL		2013-03-25	2015-01-22
	27.702 JPMORGAN TR INCOME OPP SEL		2014-06-18	2015-01-22
	382.099 JPMORGAN TR INCOME OPP SEL		2014-07-16	2015-01-22
	41.582 LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2014-11-19	2015-01-22
	397.53 LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2014-05-15	2015-01-22
	959. LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2014-02-20	2015-01-22
	48.577 OPPENHEIMER INTL BD FD CL Y		2013-02-21	2015-01-22
	2675.311 OPPENHEIMER INTL BD FD CL Y		2013-02-21	2015-01-22
	138.333 OPPENHEIMER DVLPING MKTS-Y		2014-07-16	2015-01-22
	84.958 OPPENHEIMER DVLPING MKTS-Y		2014-09-16	2015-01-22
	49.195 SENTINEL GROUP FDS INC		2014-07-16	2015-01-22
	33.545 SENTINEL GROUP FDS INC		2014-07-16	2015-01-22
	82. VANGUARD REIT ETF		2013-10-16	2015-01-22
	389.985 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2015-01-22
	44.792 EUROPACIFIC GROWTH FD CL F-2		2014-02-20	2015-03-19
	101.479 EUROPACIFIC GROWTH FD CL F-2		2013-12-19	2015-03-19
	106.906 EUROPACIFIC GROWTH FD CL F-2		2013-10-16	2015-03-19
	41.23 EUROPACIFIC GROWTH FD CL F-2		2014-10-15	2015-03-19
	176.137 EUROPACIFIC GROWTH FD CL F-2		2013-05-21	2015-03-19
	11.287 EUROPACIFIC GROWTH FD CL F-2		2010-11-05	2015-03-19
	98.948 EUROPACIFIC GROWTH FD CL F-2		2010-11-05	2015-03-19
	13.745 HARBOR CAPITAL APPRECIATION		2014-09-16	2015-03-19
	141.528 HARBOR CAPITAL APPRECIATION		2015-01-22	2015-03-19
	470.811 JPMORGAN US LRG CAP COREPLUS S		2014-10-15	2015-03-19
	165.287 MFS VALUE FUND CLASS I		2015-01-22	2015-03-19
	3.736 T ROWE PRICE MID-CAP GROWTH FUND		2015-01-22	2015-03-19
	158.4 TCW EMERGING MARKETS INCOME CL I		2012-09-27	2015-03-19
	142.873 TCW EMERGING MARKETS INCOME CL I		2013-02-21	2015-03-19
	2.567 TCW EMERGING MARKETS INCOME CL I		2013-03-25	2015-03-19
	33.536 TCW EMERGING MARKETS INCOME CL I		2014-06-18	2015-03-19
	572.522 TCW EMERGING MARKETS INCOME CL I		2014-05-15	2015-03-19
	1053.863 TCW EMERGING MARKETS INCOME CL I		2011-08-24	2015-03-19
	18.574 BARON GROWTH INSTL		2015-01-22	2015-05-13
	45.488 DIAMOND HILL SM CAP - I		2015-01-22	2015-05-13
	34.552 GOLDMAN SACHS M/C VALUE-INST		2015-01-22	2015-05-13
	7.715 HARBOR CAPITAL APPRECIATION		2015-01-22	2015-05-13
	38.134 HOTCHKIS & WILEY HIGH YIELD I		2014-01-16	2015-05-13
	35.81 OPPENHEIMER DVLPING MKTS-Y		2014-09-16	2015-05-13
	17.868 T ROWE PRICE MID-CAP GROWTH FUND		2015-01-22	2015-05-13
	39.616 TCW EMERGING MARKETS INCOME CL I		2011-08-24	2015-05-13
	8. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [NQDI]		2014-11-19	2015-05-13
	22.279 WILLIAM BLAIR FDS ALLOC I		2013-08-27	2015-05-13
	25.359 HARBOR CAPITAL APPRECIATION		2015-01-22	2015-06-17
	21.734 MFS VALUE FUND CLASS I		2015-01-22	2015-06-17
	133. VANGUARD REIT ETF		2015-03-19	2015-06-17
	1. VANGUARD REIT ETF		2015-05-13	2015-06-17
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,754	4,759	-5
b	12,181	12,181
c	3,800	3,700	100
d	1,177	1,134	43
e	1,060	988	72
	315	315
	789	787	2
	28,977	28,579	398
	6,057	5,968	89
	6,364	6,265	99
	611	599	12
	6,013	5,014	999
	456	453	3
	294	200	94
	1		1
	2,778	2,797	-19
	314	288	26
	7,952	7,899	53
	302	210	92
	1	1
	950	880	70
	423	424	-1
	1,252	1,263	-11
	695	693	2
	561	589	-28
	1,284	1,316	-32
	77	81	-4
	1,163	1,238	-75
	303	210	93
	2,681	2,676	5
	292	319	-27
	301	327	-26
	342	372	-30
	112	120	-8
	600	636	-36
	3,391	3,149	242
	3,391	3,075	316
	392	398	-6
	142	141	1
	373	347	26
	645	630	15
	403	371	32
	13	12	1
	272	279	-7
	1,186	1,214	-28
	530	542	-12
	353	356	-3
	362	414	-52
	3,971	4,340	-369
	5,241	5,600	-359
	1,092	1,166	-74
	362	385	-23
	24,498	22,409	2,089
	164	188	-24
	321	345	-24
	527	539	-12
	5,656	6,142	-486
	446	442	4
	372	341	31
	390	364	26
	384	414	-30
	676	691	-15
	1,075	1,047	28
	8,100	7,276	824
	712	726	-14
	3,887	3,950	-63
	315	272	43
	4,918	4,455	463
	9,812	10,720	-908
	545	570	-25
	271	281	-10
	1,288	1,323	-35
	3,013	3,076	-63
	444	453	-9
	372	377	-5
	1,738	1,754	-16
	5,141	5,151	-10
	313	312	1
	283	281	2
	5,938	5,851	87
	93	91	2
	4,260	4,346	-86
	384	391	-7
	16,799	16,042	757
	11,086	11,313	-227
	315	321	-6
	325	331	-6
	4,478	4,547	-69
	478	484	-6
	4,572	4,615	-43
	11,029	11,076	-47
	290	316	-26
	15,945	17,266	-1,321
	4,956	5,567	-611
	3,044	3,416	-372
	523	546	-23
	357	366	-9
	7,129	5,556	1,573
	4,840	4,610	230
	2,229	2,184	45
	5,051	4,902	149
	5,321	5,046	275
	2,052	1,899	153
	8,766	7,951	815
	562	488	74
	4,925	4,186	739
	865	836	29
	8,906	8,316	590
	14,322	13,178	1,144
	5,878	5,803	75
	300	282	18
	1,251	1,452	-201
	1,129	1,309	-180
	20	23	-3
	265	293	-28
	4,523	4,958	-435
	8,326	9,076	-750
	1,392	1,367	25
	1,542	1,483	59
	1,473	1,429	44
	485	453	32
	484	501	-17
	1,290	1,440	-150
	1,452	1,350	102
	318	341	-23
	312	358	-46
	288	263	25
	1,625	1,490	135
	782	763	19
	10,288	11,270	-982
	77	80	-3
			9,865

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			-5
b
c			100
d			43
e			72

			2
			398
			89
			99
			12
			999
			3
			94
			1
			-19
			26
			53
			92

			70
			-1
			-11
			2
			-28
			-32
			-4
			-75
			93
			5
			-27
			-26
			-30
			-8
			-36
			242
			316
			-6
			1
			26
			15
			32
			1
			-7
			-28
			-12
			-3
			-52
			-369
			-359
			-74
			-23
			2,089
			-24
			-24
			-12
			-486
			4
			31
			26
			-30
			-15
			28
			824
			-14
			-63
			43
			463
			-908
			-25
			-10
			-35
			-63
			-9
			-5
			-16
			-10
			1
			2
			87
			2
			-86
			-7
			757
			-227
			-6
			-6
			-69
			-6
			-43
			-47
			-26
			-1,321
			-611
			-372
			-23
			-9
			1,573
			230
			45
			149
			275
			153
			815
			74
			739
			29
			590
			1,144
			75
			18
			-201
			-180
			-3
			-28
			-435
			-750
			25
			59
			44
			32
			-17
			-150
			102
			-23
			-46
			25
			135
			19
			-982
			-3

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	14,904
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

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? Yes No

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	25,930	546,997	0.047404
2012	3,650	528,474	0.006907
2011	47,156	512,482	0.092015
2010	12,475	519,187	0.024028
2009	29,024	488,652	0.059396

2	Total of line 1, column (d) ......................	2	0.22975
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	0.04595
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	545,453
5	Multiply line 4 by line 3.......................	5	25,064
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	196
7	Add lines 5 and 6.........................	7	25,260
8	Enter qualifying distributions from Part XII, line 4..............	8	27,830
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)

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	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	196
	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	0
3	Add lines 1 and 2...........................	3	196
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	196
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	484
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	484
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	288
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax196	Refunded	11	92

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

FIFTH THIRD BANK Telephone no. bullet

(513) 534-3636

Located at bullet

38 FOUNTAIN SQUARE PLAZACINCINNATIOH ZIP+4 bullet

45263

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
Fifth Third Bank	Trustee 1	0
301 N Main St South Bend,IN46601	Trustee 1	0
VICKIE BENNER	Committee 1	0
701 SCHOOL ST CULVER,IN46511	Committee 1	0
MIKE BUSHMAN	Committee 1	0
701 SCHOOL ST CULVER,IN46511	Committee 1	0
THERESA HAMMOND	Committee 1	0
701 SCHOOL ST CULVER,IN46511	Committee 1	0
ALBERT HANSELMAN	Committee 1	0
701 SCHOOL ST CULVER,IN46511	Committee 1	0
THERESA JACOBSON	COMMITTEE 1	0
701 SCHOOL ST CULVER,IN46511	COMMITTEE 1	0
BRENDA SHELDON	COMMITTEE 1	0
701 SCHOOL ST CULVER,IN46511	COMMITTEE 1	0
CHRIS STEVENS	COMMITTEE 1	0
701 SCHOOL ST CULVER,IN46511	COMMITTEE 1	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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

525,267

Average of monthly cash balances.......................

28,492

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

553,759

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

553,759

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

8,306

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

545,453

Minimum investment return. Enter 5% of line 5..................

27,273

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

27,273

Tax on investment income for 2014 from Part VI, line 5......

196

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

196

Distributable amount before adjustments. Subtract line 2c from line 1............

27,077

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

27,077

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

27,077

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

27,830

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

27,830

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).................

196

Adjusted qualifying distributions. Subtract line 5 from line 4..............

27,634

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)

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					27,077
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
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.......	6,230
d From 2012.......	0
e From 2013.......	0
fTotal of lines 3a through e.........		6,230
4Qualifying distributions for 2014 from Part
XII, line 4: $ 27,830
a Applied to 2013, but not more than line 2a					0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....					27,077
e Remaining amount distributed out of corpus		753
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		6,983
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 ......		6,983
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	6,230
c Excess from 2012....	0
d Excess from 2013....	0
e Excess from 2014....	753

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 section4942(j)(3) or4942(j)(5)

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

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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

CULVER COMM HIGH SCHOOL
701 SCHOOL ST
CULVER,IN46511
(574) 842-3391

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

APPLICATION FROM CULVER COMM HIGH SCHOOL

cAny submission deadlines:

APRIL 15TH

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

RESTRICTED TO CULVER COMMUNITY SCHOOL CORP STUDENTS AND/OR GRADUATES.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIV OF INDIANAPOLIS & DENISHA BROWN 1400 EAST HANNA AVE INDIANAPOLIS,IN46227	NONE	NONE	SCHOLARSHIP	1,500
BALL STATE UNIVERSITY & CLARISSA BAKER 2000 UNIVERSITY AVE MUNCIE,IN47306	NONE	NONE	SCHOLARSHIP	500
BALL STATE UNIVERSITY & TRENT BECKER 2000 UNIVERSITY AVE MUNCIE,IN47306	NONE	NONE	SCHOLARSHIP	250
IUPUI - INDY - & ANGEL OKRAY 420 UNIVERSITY BLVD INDIANAPOLIS,IN46202	NONE	NONE	SCHOLARSHIP	500
INDIANA UNIV OF SOUTH BEN & EMILY SCHIDLER 1700 MISHAWAKA AVE SOUTH BEND,IN46634	NONE	NONE	SCHOLARSHIP	750
PURDUE UNIVERSITY & DYLAN BENNETT 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	2,000
IUPUI - INDY & ALEXANDER BAKER 420 UNIVERSITY BLVD INDIANAPOLIS,IN46202	NONE	NONE	SCHOLARSHIP	500
WABASH COLLEGE & ALLEN BETTS PO BOX 352 CRAWFORDSVILLE,IN47933	NONE	NONE	SCHOLARSHIP	500
HOLY CROSS COLLEGE & JUSTIN CROY 54515 STATE ROAD 933 NORTH NOTRE DAME,IN46556	NONE	NONE	SCHOLARSHIP	750
BALL STATE UNIVERSITY CASSANDRA DEHNING 2000 UNIVERSITY AVE MUNCIE,IN47306	NONE	NONE	SCHOLARSHIP	500
BALL STATE UNIVERSITY KALEE MILLER 2000 UNIVERSITY AVE MUNCIE,IN47306	NONE	NONE	SCHOLARSHIP	500
IUPU - FORT WAYNE & KEENAN GALLOWAY 2101 COLISEUM BLVD FORT WAYNE,IN46805	NONE	NONE	SCHOLARSHIP	1,500
MANCHESTER COLLEGE KELLIE BONINE 604 E COLLEGE AVE NORTH MANCHESTER,IN46962	NONE	NONE	SCHOLARSHIP	250
IUPUI - INDY (B) & SHAKKIRA HARRIS 420 UNIVERSITY BLVD INDIANAPOLIS,IN46202	NONE	NONE	SCHOLARSHIP	750
PAUL MITCHELL SCHOOL INDIANAPOLIS & GRACE LORENZ 8751 US 31 S INDIANAPOLIS,IN46227	NONE	NONE	SCHOLARSHIP	1,500
PURDUE UNIVERSITY MEGAN K LYCZAK 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	2,000
PURDUE UNIVERSITY TIFFANY LEYVA 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	250
PURDUE UNIVERSITY SCHOOL OF TECH & CODY PETERSON 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	750
PURDUE UNIVERSITY & COLLINS STEVENS 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	500
PURDUE UNIVERSITY & KALIE N THOMPSON 1401 S US HWY 421 WESTVILLE,IN46391	NONE	NONE	SCHOLARSHIP	500
INDIANA UNIV OF SOUTH BEND & COURTNER LITTLETON 1700 MISHAWAKA AVE SOUTH BEND,IN46634	NONE	NONE	SCHOLARSHIP	375
INDIANA UNIV OF SOUTH BEND & JACLYN A ROCCO 1700 MISHAWAKA AVE SOUTH BEND,IN46634	NONE	NONE	SCHOLARSHIP	750
INDIANA UNIV OF SOUTH BEND & MICHAEL SKILES 1700 MISHAWAKA AVE SOUTH BEND,IN46634	NONE	NONE	SCHOLARSHIP	750
INDIANA UNIV OF SOUTH BEND & ABBAGAIL JAMES 1700 MISHAWAKA AVE SOUTH BEND,IN46634	NONE	NONE	SCHOLARSHIP	750
MANCHESTER COLLEGE & NICHOLAS PRITZ 604 E COLLEGE AVE NORTH MANCHESTER,IN46962	NONE	NONE	SCHOLARSHIP	1,500
IVY TECH COMMUNITY COLLEGE & SHAWN T RUSSELL 3100 IVY TECH DR VALPARAISO,IN46383	NONE	NONE	SCHOLARSHIP	750
IVY TECH COMMUNITY COLLEGE & SAMANTHA HOWARD 3100 IVY TECH DR VALPARAISO,IN46383	NONE	NONE	SCHOLARSHIP	750
INDIANA UNIVERSITY EAST & KAYLA SHAFFER 2325 CHESTER BLVD RICHMOND,IN47374	NONE	NONE	SCHOLARSHIP	750
BALL STATE UNIVERSITY & KEVIN SCHULDT 2000 UNIVERSITY AVE MUNCIE,IN47306	NONE	NONE	SCHOLARSHIP	250
FAIRMONT STATE UNIVERSITY & TRENTON ELLIOTT 1201 LOCUST AVE FAIRMONT,WV26554	NONE	NONE	SCHOLARSHIP	750
DEPAUW UNIVERSITY & KEVIN CALEB DEHNING 313 S LOCUST ST GREENCASTLE,IN46135	NONE	NONE	SCHOLARSHIP	750
MANCHESTER COLLEGE & DONALD CLARK 604 E COLLEGE AVE NORTH MANCHESTER,IN46962	NONE	NONE	SCHOLARSHIP	2,000
ANCILLA COLLEGE & JACODA ANDERSON 9601 UNION ROAD DONALDSON,IN46513	NONE	NONE	SCHOLARSHIP	375
IVY TECH COMMUNITY COLLEGE & TYRE SIMPSON 3100 IVY TECH DR VALPARAISO,IN46383	NONE	NONE	SCHOLARSHIP	750
Total ................................. 3a				27,500

bApproved for future payment

Total ................................. 3b

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	(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 ............				0	1
4 Dividends and interest from securities....				0	12,488
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 .............				0	14,904
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				0	27,393

13Total. Add line 12, columns (b), (d), and (e)..................

1327,393

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
4	INCOME FROM THIS TRUST
8	IS USED TO FUND SCHOLARSHIPS
3	FOR STUDENTS AND GRADUATES OF CULVER COMM SCHOOLS

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

PAUL A HUMBERT SCHOLAR TR IUA

EIN: 35-6505726

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	660	330		330

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

PAUL A HUMBERT SCHOLAR TR IUA

EIN: 35-6505726

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BARON GROWTH FUND	AT COST	3,907	5,545
EUROPACIFIC GROWTH FD	AT COST	34,597	40,354
GOLDMAN SACHS MID-CAP VALUE FD	AT COST	4,593	5,324
HARBOR FD CAP APPREC FD	AT COST	52,612	78,476
MFS VALUE FUND CLASS I	AT COST	57,730	77,394
OPPENHEIMER DVLPING MKTS	AT COST	33,856	32,447
T ROWE PRICE MID-CAP GROWTH FD	AT COST	3,868	5,499
OPPENHEIMER INTL BD FD	AT COST	5,765	5,433
TCW FDS INC EMERGING MRKTS	AT COST	11,485	10,671
UBS E-TRACS ALERIAN MLP	AT COST	12,027	10,217
HOTCHKIS & WILEY FUNDS	AT COST	27,177	26,973
BLACKROCK FDS II STRG OPP	AT COST	29,648	29,843
DIAMOND HILL SM CAP - I	AT COST	5,160	5,469
WILLIAM BLAIR FDS ALLOC I	AT COST	4,986	5,370
VANGUARD REIT ETF	AT COST	9,789	10,531
ISHARES BARCLAYS TIPS BOND FUN	AT COST	5,441	5,378
JPMORGAN CORE BOND SELECT	AT COST	58,216	57,113
SENTINEL GROUP FDS INC	AT COST	59,088	56,912
WISDOMTREE EUROPE HEDGED EQUIT	AT COST	42,004	39,541
BOSTON PARTNERS LONG/SHORT RES	AT COST	13,620	13,620

- TIN:

TY 2014 OtherExpensesSchedule

Name:

PAUL A HUMBERT SCHOLAR TR IUA

EIN: 35-6505726

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK SERVICE FEES	3,636	3,636		0
BANK SERVICE FEES	3,636	3,636		0

- TIN:

TY 2014 TaxesSchedule

Name:

PAUL A HUMBERT SCHOLAR TR IUA

EIN: 35-6505726

Category	Amount	Net Investment Income
FEDERAL EXCISE TAX - PRIOR YEA	61	0
FEDERAL EXCISE TAX ESTIMATE	484	0
FOREIGN TAXES ON QUALIFIED FOR	174	174