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
ETHEL S C SMITH NO 5 CHARITABLE TW
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262
A Employer identification number

23-6648857
B Telephone number (see instructions)

(800) 352-3705
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$14,059,751J 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      
4 Dividends and interest from securities...... 365,550 365,114  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 747,606
b Gross sales price for all assets on line 6a 2,955,776
7 Capital gain net income (from Part IV, line 2)... 747,606
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)....... Click to see attachment 18,834 9,673  
12 Total. Add lines 1 through 11........ 1,131,990 1,122,393  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 119,077 70,835   48,243
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 9,550 0 0 9,550
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,103 7,863   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 11,396     11,396
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,126 78,698 0 70,189
25 Contributions, gifts, grants paid........ 653,000 653,000
26 Total expenses and disbursements. Add lines 24 and 25 825,126 78,698 0 723,189
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 306,864
b Net investment income (if negative, enter -0-) 1,043,695
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............... 461 1,855 1,855
2 Savings and temporary cash investments.......... 579,358 553,684 553,684
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 735,505 Click to see attachment805,849 806,619
b Investments—corporate stock (attach schedule)........ 7,729,229 Click to see attachment7,943,133 9,931,424
c Investments—corporate bonds (attach schedule)........ 2,780,830 Click to see attachment2,834,120 2,715,421
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 51,219 Click to see attachment51,219 50,748
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) 11,876,602 12,189,860 14,059,751
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......... 11,876,602 12,189,860
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)...... 11,876,602 12,189,860
31 Total liabilities and net assets/fund balances (see instructions).. 11,876,602 12,189,860
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 11,876,602
2 Enter amount from Part I, line 27a..................... 2 306,864
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 11,340
4 Add lines 1, 2, and 3.......................... 4 12,194,806
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 4,946
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,189,860
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 30000. AMERICAN EXPRESS CRE 1.750% 6/12/15   2012-08-21 2014-11-06
b 25000. BARCLAYS BANK PLC 5.200% 7/10/14   2012-08-22 2014-07-10
c 20000. DEVON ENERGY CORPORA 1.875% 5/15/17   2012-08-10 2014-11-13
d 200.43 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-06-15
e 197.21 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-07-15
829.44 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-08-15
210.26 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-09-15
2139.77 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-10-15
199.17 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-11-15
188.52 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2014-12-15
187.26 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2015-01-15
192.27 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2015-02-15
185.83 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2015-03-15
569.41 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2015-04-15
1904.37 FHLMC POOL #J15642 3.500% 6/01/26   2012-08-07 2015-05-15
20000. FED NATL MTG ASSN 2.375% 4/11/16   2012-07-31 2014-09-24
80000. FEDERATED STRAT VAL DIV FD IS #662   2011-11-09 2014-06-02
23622.047 FEDERATED STRAT VAL DIV FD IS #662   2011-11-09 2014-11-24
134232.997 FEDERATED STRAT VAL DIV FD IS #662   2011-11-09 2015-02-11
89.46 GOVERNMENT NATL MTG ASSN GTD PASS THRU CTF POOL #434539 DTD   1999-08-16 2014-06-15
9.57 GOVERNMENT NATL MTG ASSN GTD PASS THRU CTF POOL #434539 DTD   1999-08-16 2014-07-15
25000. GOLDMAN SACHS GROUP 5.750% 1/24/22   2012-07-24 2015-04-16
8753.501 HARBOR FD CAP APPRECIATION   2011-11-09 2014-06-02
20000. IBM CORP 1.950% 7/22/16   2012-07-24 2015-04-16
1545. ISHARES MSCI EMERGING MKTS INDEX FUND   2011-07-26 2014-11-24
934. ISHARES MSCI EAFE INDEX FD   2013-07-16 2014-06-02
25000. NOVARTIS CAPITAL COR 2.900% 4/24/15   2012-08-23 2015-04-24
30600.714 PIONEER HIGH YIELD FD-Y   2008-08-19 2014-06-02
30000. US TREASURY NOTE 3.000% 8/31/16   2012-08-09 2015-04-28
15000. US TREASURY NOTE 1.875% 6/30/15   2012-08-21 2014-09-23
45000. US TREASURY NOTE 1.875% 6/30/15   2012-08-21 2014-12-22
2483.855 VOYA REAL ESTATE FUND CLASS I #2190   2013-07-16 2014-06-02
1592.357 VOYA INTL RL EST FD CL-I #2664   2008-04-29 2014-11-24
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 30,183   30,648 -465
b 25,000   26,519 -1,519
c 20,454   20,389 65
d 200   212 -12
e 197   208 -11
829   876 -47
210   222 -12
2,140   2,260 -120
199   210 -11
189   199 -10
187   198 -11
192   203 -11
186   196 -10
569   602 -33
1,904   2,012 -108
20,597   21,347 -750
500,000   372,000 128,000
150,000   109,843 40,157
806,740   624,183 182,557
89   89  
10   10  
29,216   26,948 2,268
500,000   333,400 166,600
20,358   20,889 -531
64,951   73,774 -8,823
64,856   56,199 8,657
25,000   26,574 -1,574
333,242   296,827 36,415
31,056   32,924 -1,868
15,207   15,631 -424
45,395   46,892 -1,497
50,000   46,696 3,304
15,000   18,990 -3,990
      201,420
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       -465
b       -1,519
c       65
d       -12
e       -11
      -47
      -12
      -120
      -11
      -10
      -11
      -11
      -10
      -33
      -108
      -750
      128,000
      40,157
      182,557
       
       
      2,268
      166,600
      -531
      -8,823
      8,657
      -1,574
      36,415
      -1,868
      -424
      -1,497
      3,304
      -3,990
       
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 2 747,606
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 591,987 13,611,227 0.043493
2012 519,067 12,929,423 0.040146
2011 655,808 12,595,482 0.052067
2010 659,104 12,739,346 0.051738
2009 722,688 12,063,779 0.059906
2 Total of line 1, column (d) ...................... 2 0.24735
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 0.04947
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 13,853,294
5 Multiply line 4 by line 3....................... 5 685,322
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 10,437
7 Add lines 5 and 6......................... 7 695,759
8 Enter qualifying distributions from Part XII, line 4.............. 8 723,189
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 10,437
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 10,437
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 10,437
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 23,240
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 23,240
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,803
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 12,803
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (800) 352-3705
    Located atbullet1 W 4TH ST 6TH FLWINSTON SALEMNC ZIP+4bullet271013818
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........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
    WELLS FARGO BANK NA TRUSTEE
    40     		119,077    
    1525 W WT Harris Blvd D1114-044
    Charlotte,NC282881161
    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
     
    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
    13,581,839
    b
    Average of monthly cash balances.......................
    1b
    482,419
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,064,258
    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
    14,064,258
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    210,964
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,853,294
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    692,665
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    692,665
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    10,437
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,437
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    682,228
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    682,228
    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
    682,228
    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
    723,189
    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
    723,189
    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
    10,437
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    712,752
    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 7 682,228
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 58,951
    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$ 723,189
    a Applied to 2013, but not more than line 2a 58,951
    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..... 664,238
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		17,990
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WELLS FARGO
    One West 4th Street
    Winston Salem,NC27101
    (888) 234-1999
    bThe form in which applications should be submitted and information and materials they should include:
    www.wellsfargo.com/privatefoundationgrants/smith
    cAny submission deadlines:
    March 1 and Sept 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are for SE Pennsylvania charities with an emphasis on those serving community needs in Delaware County for capital projects, operating expenses, & special programs.
    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
    CHRIST LUTHERAN COMMUNITY
    OUTREACH DBA UPPER DARBY OUTREACH
    74240 WALMURT STREET
    UPPER DARBY,PA19082     		NONE PC GENERAL PURPOSE 5,000
    CRADLES TO CRAYONS
    POB 799
    WEST CONSHOHOCKEN,PA19428     		NONE PC EVERYDAY ESSENTIALS 7,500
    DELAWARE COUNTY VETERANS MEMORIAL
    ASSOCIATION
    PO BOX 183
    NEWTON SQUARE,PA19073     		NONE PC GENERAL PURPOSE 9,000
    DREXEL NEUMANN ACADEMY
    1901 POTTER STREET
    CHESTER,PA19013     		NONE PC GENERAL PURPOSE 30,000
    MINDING YOUR MIND
    42 WEST LANCASTER AVE
    ARDMORE,PA19003     		NONE PC GENERAL PURPOSE 5,000
    DELAWARE COUNTY SYMPHONY
    PO BOX 421
    NEWTON SQUARE,PA19073     		NONE PC GENERAL PURPOSE 5,000
    FAMILY & COMMUNITY SERVICE OF
    DELAWARE COUNTY
    600 N OLIVE STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 4,000
    ACADEMY OF VOCAL ARTS
    1920 SPRUCE ST
    PHILADELPHIA,PA191036685     		NONE PC GENERAL PURPOSE 15,000
    BOY SCOUTS OF AMERICA
    1485 VALLEY FORGE
    WAYNE,PA19087     		NONE PC GENERAL PURPOSE 5,000
    ELWYN INC
    111 ELWYN ROAD
    ELWYN,PA19063     		NONE PC GENERAL PURPOSE 20,000
    THE PHILADELPHIA ORCHESTRA
    260 S BROAD STREET 16 FLOOR
    PHILADELPHIA,PA19102     		NONE PC GENERAL PURPOSE 5,000
    GIRL SCOUTS OF EASTERN PHILADELPHIA
    POB 27540
    PHILADELPHIA,PA19118     		NONE PC THE FUNDED TROOP 5,000
    SAINT JOSEPH'S UNIVERSITY
    5600 CITY AVENUE
    PHILADELPHIA,PA19131     		NONE PC GENERAL PURPOSE 10,000
    SWARTHMORE COLLEGE
    500 COLLEGE AVE
    SWARTHMORE,PA19081     		NONE PC SING TO LEARN 10,000
    PRESBYTERIAN CHILDREN'S VILLAGE SERVICES
    452 SOUTH ROBERTS ROAD
    ROSEMONT,PA19010     		NONE PC GENERAL PURPOSE 10,000
    CENTER FOR THE BLIND AND VISUALLY
    IMPARIED
    100 WEST 15TH STREET
    CHESTER,PA19013     		NONE PC GENERAL PURPOSE 18,000
    MEDIA-UPPER PROVIDENCE FREE
    LIBRARY ASSOCIATION
    1 E FRONT STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 25,000
    JUNIOR ACHIEVMENT OF DELARWARE VALLEY
    993 OLD EAGLE ROAD
    WAYNE,PA19087     		NONE PC GENERAL PURPOSE 5,000
    TYLER ARBORETUM
    515 PAINTER ROAD
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 15,000
    USO OF PENNSYLVANIA & SOUTHERN
    NEW JERSEY
    2700 SOUTHHAMPTON ROAD
    PHILADELPHIA,PA19154     		NONE PC GENERAL PURPOSE 5,000
    MAIN LINE ART CENTER
    749 PANMURE RD
    HAVEFORD,PA19041     		NONE PC GENERAL PURPOSE 5,000
    DELAWARE COUNTY SPCA
    555 SANDY BANK RD
    MEDIA,PA19063     		NONE PC VETERINARY SUITE EQUIPMENT 2,000
    BOYS AND GIRLS CLUB OF CHESTER
    201 EAST 7TH STREET
    CHESTER,PA19013     		NONE PC GENERAL PURPOSE 20,000
    OPERA COMPANY OF PHILADELPHIA
    1420 LOCUST ST SUITE210
    PHILADELPHIA,PA19102     		NONE PC 2013-2013 SOUNDS OF 10,000
    HELEN KATE FURNESS FREE LIBRARY
    100 N PROVIDENCE ROAD
    WALLINGFORD,PA19086     		NONE PC GENERAL PURPOSE 7,500
    RIDDLE HOSPITAL
    1068 WEST BALTIMORE AVE
    MEDIA,PA19063     		NONE PC TELEMETRY AND BEDSIDE 75,000
    NICHOLAS NEWLIN FOUNDATION
    219 S CHENEY ROAD
    GLEN MILS,PA19342     		NONE PC GENERAL PURPOSE 5,000
    RESOURCES FOR HUMAN DEVELOPMENT
    PO BOX 431
    DREXEL HILL,PA19026     		NONE PC GENERAL PURPOSE 3,000
    LEGACY YOUTH TENNIS AND
    EDUCATION INC
    4842 RIDGE RD
    PHILADELPHIA,PA19129     		NONE PC HEALTHY ADVANTAGE CHESTER 5,000
    PHILADELPHIA SINGERS
    1211 CHESTNUT ST SUITE 610
    PHILADELPHIA,PA19107     		NONE PC GENERAL PURPOSE 5,000
    HEDGEROW THEATRE INC
    146 WEST ROSE VALLEY ROAD
    ROSE VALLEY,PA19063     		NONE PC GENERAL PURPOSE 5,000
    CHOICE
    1500 WALNUT STREET
    PHILADELPHIA,PA19102     		NONE PC GENERAL PURPOSE 2,500
    LEGAL AID SOUTHEASTERN
    625 SWEDE ST
    NORRISTOWN,PA19401     		NONE PC GENERAL PURPOSE 7,000
    CASAYOUTH ADVOCATES INC
    PO BOX 407
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    WOMEN'S RESOURCE CENTER
    PO BOX 596
    WAYNE,PA19087     		NONE PC LEGAL SERVICE PROGRAM 5,000
    PATHWAYSPA INC
    310 AMOSLAND RD
    HOLMES,PA19043     		NONE PC EARLY CHILDHOOD LEARNING 4,000
    SENIOR COMMUNITY SERVICES
    600 SWARTHMORE AVE
    FOLSOM,PA19033     		NONE PC SENIOR CENTER AT HOME 5,000
    DOMESTIC ABUSE PROJECT OF DELWARE
    COUNTY
    14 WEST SECOND STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 5,000
    DARLINGTON ARTS CENTER
    977 SHAVERTOWN ROAD
    GARNET VALLEY,PA19061     		NONE PC GENERAL PURPOSE 3,000
    MATERNITY CARE COALITION
    2000 HAMILTON STREET SUITE 205
    PHILADELPHIA,PA19107     		NONE PC GENERAL PURPOSE 10,000
    CENTER FOR RESOLUTIONS
    26 EAST FOURTH STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    PHILADELPHIA YOUNG PLAYWRIGHTS
    1709 BENJAMIN FRANKLIN PARKWAY
    PHILADELPHIA,PA19103     		NONE PC YOUNG PLAYWRIGHTS CLASSIC 4,000
    ARDEN THEATRE COMPANY
    40 NORTH SECOND STREET
    PHILADELPHIA,PA19106     		NONE PC GENERAL PURPOSE 3,000
    FAMILY SUPPORT LINE OF DELAWARE
    COUNTY INC
    100 WEST 6TH STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    PROJECT FORWARD LEAP
    TWO LOGAN SQUARE 100 NORTH 18TH ST
    Philadelphia,PA19103     		NONE PC PROJECT FORWARD LEAP 5,000
    SURREY SERVICES FOR SENIORS
    28 BRIDGE AVENUE
    BERWYN,PA19312     		NONE PC GENERAL PURPOSE 1,000
    ASTRAL ARTISTIC SERVICES
    230 SOUTH BROAD ST
    PHILADELPHIA,PA19102     		NONE PC COMMUNITY CLAISSIC FOR 3,000
    DELCO TENNIS ASSOCIATION INC
    122 MARLE CIRCLE
    ASTON,PA19063     		NONE PC GENERAL PURPOSE 25,000
    FOOD TRUST
    1617 JOHN F KENNEDY BLVD SUITE 900
    PHILADELPHIA,PA19103     		NONE PC HEALTHY FOOD ACCESS AND 6,000
    THE ROCK SCHOOL FOR DANCE EDUCATION
    1101 SOUTH BROAD STREET
    PHILADELPHIA,PA19147     		NONE PC GENERAL PURPOSE 5,000
    BE PROUD FOUNDATION
    600 N JACKSON STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 8,000
    MEDIA THEATRE FOR THE PERFORMING
    ART
    104 E STATE STREET
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    NATIONAL LIBERTY MUSEUM
    321 CHESTNUT STREET
    PHILADELPHIA,PA19106     		NONE PC GENERAL PURPOSE 8,000
    VOICE AND VISION
    225 SOUTH CHESTER ROAD
    SWARTHMORE,PA19081     		NONE PC GENERAL PURPOSE 4,000
    HOPE SPRINGS EQUESTRIAN THERAPY
    PO BOX 156
    CHESTER SPRINGS,PA19425     		NONE PC GENERAL PURPOSE 1,000
    WINGS FOR SUCCESS
    PO BOX 1184
    FRAZER,PA19355     		NONE PC GENERAL PURPOSE 2,000
    TALK INC
    395 HBISHOP HOLLOW RD
    NEWTOWN SQUARE,PA19073     		NONE PC SPEECH AND OCCUPATIONAL 2,500
    TRI COUNTY CONCERTS ASSOC
    PO BOX 222
    WAYBE,PA19087     		NONE PC GENERAL PURPOSE 3,000
    PHILADELPHIA YOUTH ORCHESTRA
    PO BOX 41810
    PHILADELPHIA,PA19101     		NONE PC GENERAL PURPOSE 7,000
    WAYNE ART CENTER
    413 MAPLEWOOD AVENUE
    WAYNE,PA19087     		NONE PC GENERAL PURPOSE 3,000
    MELMARK INC
    2600 WAYLAND ROD
    BERWYN,PA19312     		NONE PC GENERAL PURPOSE 5,000
    PENNSYLVANIA RESOURCES COUNCIL
    3606 PROVIDENCE ROAD
    NEWTOWN SQUARE,PA19073     		NONE PC GENERAL PURPOSE 6,000
    DELAWARE COUNTY HISTORICAL
    SOCIETY PENNSYLVANIA
    991 PALMERS MILL ROAD
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    LANSDOWNE SYMPHOMY ORCHESTRA
    ASSOCIATION
    28 NORTH LANSDOWNE AVE
    LANSDOWNE,PA19050     		NONE PC GENERAL PURPOSE 5,000
    DELAWARE COUNTY YOUTH ORCHESTRA
    PO BOX 143
    MEDIA,PA19063     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    MUSICOPIA INC
    2001 MARKET STREET SUITE 3100
    PHILADELPHIA,PA191037044     		NONE PC GENERAL PURPOSE 7,000
    DEAF HEARING COMMUNICATION CENTRE
    630 FAIRVIEW ROAD SUITE 100
    SWARTHMORE,PA190812335     		NONE PC GENERAL PURPOSE 5,000
    THE WILMA THEATER
    265 SOUTH BROAD STREET
    PHILADELPHIA,PA191075659     		NONE PC GENERAL PURPOSE 3,000
    GREENER PARTNERS
    260 SPRING RD
    MALVERN,PA19335     		NONE PC GENERAL PURPOSE 5,000
    VETERAN'S NATIONAL EDUCATION
    PROGRAM
    PO BOX 354
    NEWTON SQUARE,PA190730354     		NONE PC GENERAL PURPOSE 10,000
    THE LIBRARY FOUNDATION OF DELAWARE
    COUNTY
    340 NORTH MIDDLETOWN ROAD
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 10,000
    OPERATION WARM INC
    6 DICKINSON DRIVE
    CHADDS FORD,PA19317     		NONE PC GENERAL PURPOSE 5,000
    UPPER CHICHESTER LIBRARY
    3374 CHICHESTER AVENUE
    UPPER CHICHESTER,PA19061     		NONE PC GENERAL PURPOSE 3,000
    ARTS IN SCHOOLS COLLABORATIVE
    4701 PINE STREET
    Philadelphia,PA19143     		NONE PC GENERAL PURPOSE 3,000
    SAINT JAMES REGIONAL CATHOLIC SCHOOL
    500 TOME ST
    RIDLEY PARK,PA19078     		NONE PC GENERAL PURPOSE 5,000
    AMERICAN RED CROSS SE PA CHAPTER
    2221 CHESTNUT STREET
    PHILADELPHIA,PA19103     		NONE PC GENERAL PURPOSE 5,000
    BERNARDINE CENTER
    2625 WEST NINTH STREET
    CHESTER,PA19013     		NONE PC GENERAL PURPOSE 5,000
    ATLANTIC COAST OPERA FESTIVAL
    2028 S 17TH STREET
    PHILADELPHIA,PA19145     		NONE PC GENERAL PURPOSE 3,000
    PENNSYLVANIA VETERANS MUSEUM
    12 EAST STATE STREET PO BOX 73
    MEDIA,PA19063     		NONE PC GENERAL PURPOSE 20,000
    THE MOYER FOUNDATION
    ONE PENN CENTER
    PHILADELPHIA,PA19103     		NONE PC GENERAL PURPOSE 5,000
    Total .................................bullet 3a 653,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 365,550  
    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 .............     		    18 747,606  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aE-TRACS ALERIAN ML     14 9,673  
    bUS TAX REFUND     1 9,161  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,131,990  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,131,990
    (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.)
    11 0
    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:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

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

    TY 2014 ExpenditureResponsibilityStmt
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
     
          		122 Marie Circle
    Aston,PA19014     		2014-07-18 25,000 To promote the lifetime sport of tennis 25,000 To the Foundations knowledge, no funds have been diverted. 01/14/2015 2015-01-14 The foundation has no reaso to doubt the accuracy or reliabilty of the information supplied by the grantee.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Name of Bond End of Year Book Value End of Year Fair Market Value
    94985D582 WELLS FARGO ADV INTL 52,527 48,849
    0258M0DE6 AMERICAN EXPRESS CRE    
    055451AP3 BHP BILLITON FIN USA 20,279 20,257
    05565QBY3 BP CAPITAL MARKETS 30,831 30,443
    06051GEK1 BANK OF AMERICA CORP 25,939 25,717
    06366QW86 BANK OF MONTREAL 31,492 30,798
    06739FFZ9 BARCLAYS BANK PLC    
    071813BF5 BAXTER INTERNATIONAL 29,902 28,725
    084664BE0 BERKSHIRE HATHAWAY 30,328 27,940
    14912L4X6 CATERPILLAR FINANCIA 31,296 30,479
    25179MAM5 DEVON ENERGY CORPORA    
    25468PCM6 WALT DISNEY COMPANY/ 30,658 30,241
    25470DAF6 DISCOVERY COMMUNICAT 25,543 24,885
    260543CA9 DOW CHEMICAL CO/THE    
    278865AN0 ECOLAB INC 30,062 30,024
    30219GAF5 EXPRESS SCRIPTS HOLD 15,936 15,622
    31428XAS5 FEDEX CORP 24,937 24,683
    35671DAU9 FREEPORT-MCMORAN C 20,024 18,913
    36962G3U6 GENERAL ELEC CAP COR 29,464 27,963
    38141GGS7 GOLDMAN SACHS GROUP    
    428236BW2 HEWLETT-PACKARD CO 24,781 25,582
    437076AR3 HOME DEPOT INC    
    459200GX3 IBM CORP    
    46625HHU7 JPMORGAN CHASE & CO 26,948 27,093
    4812C0803 JPMORGAN HIGH YIELD 321,018 316,119
    50540RAK8 LAB CORP OF AMER HLD 19,959 20,275
    539473AQ1 LLOYDS BANK PLC 26,317 26,356
    585055AP1 MEDTRONIC INC    
    59156RAU2 METLIFE INC 30,133 26,463
    61747YDD4 MORGAN STANLEY 20,030 20,543
    66989HAC2 NOVARTIS CAPITAL COR    
    681919AZ9 OMNICOM GROUP INC 26,365 25,596
    68389XAK1 ORACLE CORP 34,731 32,724
    693390882 PIMCO FOREIGN BD FD 210,000 221,534
    693391559 PIMCO EMERG MKTS BD- 685,000 627,388
    713448BT4 PEPSICO INC 21,156 20,346
    72369B406 PIONEER HIGH YIELD F    
    76720AAF3 RIO TINTO FIN USA PL    
    822582AJ1 SHELL INTERNATIONAL 23,705 22,003
    883556BB7 THERMO FISHER SCIENT 24,999 25,143
    88732JAH1 TIME WARNER CABLE IN 17,753 16,104
    904764AJ6 UNILEVER CAPITAL COR    
    961214BK8 WESTPAC BANKING CORP 22,686 22,470
    05531FAN3 BB&T CORPORATION 19,899 20,278
    2515A14E8 DEUTSCHE BANK AG 31,332 30,471
    260543CD3 DOW CHEMICAL CO/THE 20,587 20,241
    262028855 DRIEHAUS ACTIVE INCO 270,000 264,212
    437076BB7 HOME DEPOT INC 25,420 25,666
    04315J860 ABERDEEN GLOBAL HIGH 332,000 297,410
    06739FGF2 BARCLAYS BANK PLC 21,731 21,030
    120569AA6 BUNGE NA FINANCE LP 27,421 26,855
    12572QAG0 CME GROUP INC 20,397 19,887
    315920702 FID ADV EMER MKTS IN 50,000 48,409
    38148LAC0 GOLDMAN SACHS GROUP 25,413 24,794
    55279HAJ9 MANUFACTURERS & TRAD 25,121 24,890

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Name of Stock End of Year Book Value End of Year Fair Market Value
    437076102 HOME DEPOT INC    
    580135101 MCDONALDS CORP    
    654106103 NIKE INC CL B    
    194162103 COLGATE PALMOLIVE    
    713448108 PEPSICO INC    
    742718109 PROCTER & GAMBLE    
    166764100 CHEVRON CORP    
    20825C104 CONCOPHILLIPS    
    30231G102 EXXON MOBIL CORP    
    025816109 AMERICAN EXPRESS CO    
    171232101 CHUBB CORP    
    38141G104 GOLDMAN SACHS GROUP    
    46625H100 JP MORGAN CHASE    
    693475105 PNC FINANCIAL SER.    
    110122108 BRISTOL MYERS SQUIBB    
    478160104 JOHNSON & JOHNSON    
    717081103 PFIZER INC    
    369604103 GENERAL ELECTRIC    
    452308109 ILLINOIS TOOL WORKS    
    913017109 UNITED TECHNOLOGIES    
    88579Y101 3M CO    
    42836103 HEWLETT PACKARD CO    
    17275R102 CISCO SYSTEMS    
    459200101 INTERNATIONAL BUS.    
    594918104 MICROSOFT CORP    
    68389X105 ORACLE CORP    
    92826C839 VISA INC-CLASS    
    74005P104 PRAXAIR INC COM    
    35906A108 FRONTIER COMM.    
    92343V104 VERIZON COMM    
    65339F101 NEXTERA ENERGY INC    
    14149Y108 CARDINAL HEALTH INC    
    58405U102 MEDCO HEALTH SOLUTIO    
    25264S833 DIAMOND HILL LONG-SH    
    277923728 EATON VANCE GLOBAL M 139,942 131,128
    314172560 FEDERATED STRAT VAL    
    411511504 HARBOR CAPITAL APRCT 707,241 1,185,333
    448108100 HUSSMAN STRATEGIC GR    
    44980Q518 ING INTERNATIONAL RE    
    44981V706 ING REAL ESTATE FUND    
    464287234 ISHARES MSCI EMERGIN 894,892 845,098
    464287465 ISHARES MSCI EAFE ET 960,912 1,609,822
    464287655 ISHARES RUSSELL 2000 253,353 778,401
    47103C241 PERKINS MID CAP VALU    
    722005667 PIMCO COMMODITY REAL    
    78464A607 SPDR DOW JONES REIT 152,237 298,761
    949915367 WELLS FARGO ADV ENTE 350,698 492,543
    870297801 MLN ELEMENTS ROGERS 199,219 149,161
    94985D418 WELLS FARGO ADV AST    
    22544R305 CREDIT SUISSE COMM R 270,000 211,463
    487300600 KEELEY MID CAP VALUE 436,198 503,027
    589509108 MERGER FD SH BEN INT    
    683974505 OPPENHEIMER DEVELOPI    
    902641646 E-TRACS ALERIAN MLP 200,026 198,544
    92913K595 VOYA REAL ESTATE FUN 299,387 351,038
    92914A810 VOYA INTL RL EST FD 481,028 458,699
    589509207 MERGER FUND-INST #30 400,000 397,730
    683974604 OPPENHEIMER DEVELOPI 464,000 477,291
    922908710 VANGUARD 500 INDEX F 1,734,000 1,843,385

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    US Government Securities - End of Year Book Value:

    805,849
    US Government Securities - End of Year Fair Market Value:

    806,619
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    44980Q518 ING INTERNATION RE      
    44981V706 ING REAL ESTATE      
    722005667 PIMCO COMMODITY REAL      
    78464A607 SPDR DOW JONES REIT      
    256210105 DODGE & COX INCOME F      
    4812C0803 JPMORGAN HIGH YIELD      
    693390551 PIMCO TOTAL RETN FD      
    72369B406 PIONEER HIGH YIELD F      
    922031737 VANGUARD INFLAT-PROT      
    94985D582 WELLS FARGO ADV. INT      
    693390882 PIMCO FOREIGN BD FD      
    464287655 ISHARES RUSSELL 2000      
    47103C241 PERKINS MID CAP VALU      
    949915367 WELLS FARGO ADV. EN      
    464287465 ISHARES MSCI EAFE      
    G1151C101 ACCENTURE PLC      
    H0023R105 ACE LIMITED      
    693391559 PIMCO EMERG MKTS BD-      
    94985D418 WELLS FARGO ADV AST      
    34528QBP8 FORD CREDIT FLOORPLA AT COST 51,219 50,748

    TY 2014 LegalFeesSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 9,550     9,550


    TY 2014 OtherDecreasesSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMIN ASSISTANT SERVICES 6,000 0   6,000
    ADVISORY COMMITEE FEES 4,000 0   4,000
    BOOKLETS 1,396 0   1,396


    TY 2014 OtherIncomeSchedule2
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    E-TRACS ALERIAN MLP 9,673 9,673  
    US TAX REFUND 9,161 0  


    TY 2014 OtherIncreasesSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Description Amount
       
       


    TY 2014 TaxesSchedule
    Name:
    ETHEL S C SMITH NO 5 CHARITABLE TW
    EIN: 23-6648857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 23,240 0   0
    FOREIGN TAXES ON QUALIFIED FOR 6,599 6,599   0
    FOREIGN TAXES ON NONQUALIFIED 1,264 1,264   0