Form990-PF
Click to see list of attachments

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
Rea Charitable Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)1W 4th Street MACD 4000-041   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Winston Salem, NC27101
A Employer identification number

26-3671567
B Telephone number (see instructions)

(704) 590-2828
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$35,761,078J 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...... 598,876 598,876  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -21,739
b Gross sales price for all assets on line 6a 3,060,237
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,745,662 1,745,662  
12 Total. Add lines 1 through 11........ 2,322,799 2,344,538  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 515,311 435,592   79,719
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,000 10,000    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 298,518 220,429    
19 Depreciation (attach schedule) and depletion... Click to see attachment 256,605 256,605  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 7,670 7,670    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,088,104 930,296   79,719
25 Contributions, gifts, grants paid........ 1,816,000 1,816,000
26 Total expenses and disbursements. Add lines 24 and 25 2,904,104 930,296   1,895,719
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -581,305
b Net investment income (if negative, enter -0-) 1,414,242
c Adjusted net income (if negative, enter -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...............   687 687
2 Savings and temporary cash investments.......... 4,010,560 2,124,337 2,127,021
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,676,139 Click to see attachment1,531,756 1,515,449
b Investments—corporate stock (attach schedule)........ 3,422,714 Click to see attachment4,959,536 6,422,292
c Investments—corporate bonds (attach schedule)........ 1,721,147 Click to see attachment1,731,552 1,684,420
11 Investments—land, buildings, and equipment: basis bullet6,726,335
Less: accumulated depreciation (attach schedule) bullet1,756,999 5,225,941 Click to see attachment4,969,336 11,393,894
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 12,346,476 Click to see attachment12,638,157 12,617,315
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) 28,402,977 27,955,361 35,761,078
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......... 20,295,450 20,295,450
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 8,107,527 7,659,911
30 Total net assets or fund balances (see instructions)...... 28,402,977 27,955,361
31 Total liabilities and net assets/fund balances (see instructions).. 28,402,977 27,955,361
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 28,402,977
2 Enter amount from Part I, line 27a..................... 2 -581,305
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 133,689
4 Add lines 1, 2, and 3.......................... 4 27,955,361
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 27,955,361
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 Schedule Attached - ST P    
b Schedule Attached - LT P    
c Capital Gains Per Mutual funds P    
d
e
(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 823,921   891,915 -67,994
b 2,116,124   2,190,061 -73,937
c 120,192     120,192
d
e
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       -67,994
b       -73,937
c       120,192
d
e
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 -21,739
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 -21,739
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 1,506,546 39,626,823 0.03802
2012 1,256,234 36,376,756 0.03453
2011 1,484,969 32,743,814 0.04535
2010 995,756 28,718,906 0.03467
2009 1,022,081 26,244,785 0.03894
2 Total of line 1, column (d) ...................... 2 0.19152
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 0.03830
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 40,262,446
5 Multiply line 4 by line 3....................... 5 1,542,213
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 14,142
7 Add lines 5 and 6......................... 7 1,556,355
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,895,719
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 14,142
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  
3 Add lines 1 and 2........................... 3 14,142
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,142
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 76,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 19,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 95,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
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 80,858
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet16,000 RefundedBullet 11 64,858
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
 
No
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)
    bulletTX
    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 addressbulletwww.reacharitabletrust.org
    14
    The books are in care ofbulletWells Fargo Bank NA Telephone no.bullet (432) 685-5211
    Located atbulletPO Box 1959MidlandTX ZIP+4bullet797021959
    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
     
    No
    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
     
    No
    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 Bk NA Trustee Trustee
    0.00     		512,461    
    PO Box 1959
    Midland,TX797021959
    Richard Folger Grants Advisor
    0.00     		450    
    PO Box 60760
    Midland,TX797110760
    Vicky Jay Grants Advisor
    0.00     		300    
    4520 Hilltop
    Midland,TX79707
    Becky Ferguson Grants Advisor
    0.00     		450    
    1704 Storey Ave
    Midland,TX79701
    Dona Bradley Grants Advisor
    0.00     		450    
    PO Box 11283
    Midland,TX79702
    Paul Morris Grants Advisor
    0.00     		450    
    1004 N Big Spring Ste 610
    Midland,TX79701
    Harper Estes Grants Advisor
    0.00     		300    
    300 N Marienfeld - Ste 700
    Midland,TX79701
    Christine Foreman Grants Advisor
    0.00     		450    
    1702 W Cuthbert
    Midland,TX79701
    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  
    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)
    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
    20,079,286
    b
    Average of monthly cash balances.......................
    1b
    4,112,375
    c
    Fair market value of all other assets (see instructions)................
    1c
    16,683,919
    d
    Total (add lines 1a, b, and c).........................
    1d
    40,875,580
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    40,875,580
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    613,134
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,262,446
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,013,122
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,013,122
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    14,142
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,142
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,998,980
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,998,980
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,998,980
    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
    1,895,719
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,895,719
    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
    14,142
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,881,577
    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 1,998,980
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 1,773,433
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,895,719
    a Applied to 2013, but not more than line 2a 1,773,433
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 122,286
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,876,694
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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:
    Trust Department
    P O Box 1959
    Midland,TX79702
    (432) 685-5300
    bThe form in which applications should be submitted and information and materials they should include:
    A formal Grant Application must be completed. In Addition to the Grant Application, the applicant must submit budget information, audited financial statements, if any, a copy of the IRS Determination Letter regarding tax exempt status and the last Form 990 filed with the IRS.
    cAny submission deadlines:
    Grants awarded in June & December - Deadline 4-15 & 10-15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Geographical Area Generally
    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
    Allegro Chorale Orchestra
    2304 Metz Place
    Midland,TX79705     		None Public Concert Series 15,000
    Arts Council of Midland
    401 West Texas
    Midland,TX79701     		None Public Art Appreciation & Education 165,000
    Arcos Foundation for the Arts
    2634 Villa Caballero Del Norte
    Santa Fe,NM87505     		None Public Education for Disabled 15,000
    Bynum School
    8404 W County Rd 60
    Midland,TX79708     		None Public Therapy Program 12,000
    Big Spring Symphony Association
    PO Box 682
    Big Spring,TX79721     		None Public Operating Expense 25,000
    Midland Community Concerts
    PO Box 10836
    Midland,TX79702     		None Public Concert Fees to Artists 15,000
    Midland Community Theatre
    2000 West Wadley
    Midland,TX79705     		None Public Operating Expense 50,000
    Midland Festival Ballet
    401 W Texas Ave
    Midland,TX79701     		None Public Cultural Arts 40,000
    Univ of Texas Permian Basin
    4901 East University
    Odessa,TX79762     		None Public Performing Arts 100,000
    Permian Basin Public Telecomm
    PO Box 8940
    Midland,TX79708     		None Public Operating Expense 30,000
    Ellen Noel Art Museum
    4909 E University
    Odessa,TX79762     		None Public Operating Expense 10,000
    Midland-Odessa Symphony Chorale
    3100 La Force Blvd
    Odessa,TX79761     		None Public Operating Expense 100,000
    Midland Opera Theatre
    PO Box 4504
    Midland,TX79704     		None Public Operating Expense 40,000
    Midland County Public Library Found
    301 W Missouri
    Midland,TX79701     		None Public Arts projects & Programs 50,000
    Midland ISD Foundation
    550 W Texas Suite 250
    Midland,TX79701     		None Public Stage Lighting in High Schools 175,000
    West Texas Jazz Society
    PO Box 10832
    Midland,TX79702     		None Public Cultural Arts & Concerts 20,000
    Hispanic Cultural Center of Midland
    PO Box 51404
    Midland,TX79710     		None Public Operating Expense 12,000
    Manor Park Inc
    2208 N Loop 250 West
    Midland,TX79707     		None Public Piano 9,000
    Midland Childrens Rehab Center
    802 Ventura Ave
    Midland,TX79705     		None Public Therapeutic Dance Program 10,000
    Odessa Hi School BandOrchestra Boos
    1301 N Dotsy Ave
    Odessa,TX79763     		None Public Project Funding 10,000
    Midland Montessori School
    1011 Austin St
    Midland,TX79703     		None Public Arts Materials & Musical Instruments 10,000
    Odessa College Foundation
    201 W University Blvd
    Odessa,TX79762     		None Public Steinway Piano Initiative 150,000
    Texas Tech Univ - Visual Perf Arts
    Holden Hall Room 103
    Lubbock,TX79409     		None Public Lab & Workshop 25,000
    Univ of Texas-Austin -Theatre Dance
    300 East 23rd St
    Austin,TX78712     		None Public Scholarships & Endowment 50,000
    Lyric Performing Arts Company
    PO Box 1886
    Brownwood,TX76804     		None Public Historic Restoration 25,000
    Museum of the Southwest
    1705 W Missouri Ave
    Midland,TX79701     		None Public Cultureal rogram & Education 80,000
    Non-proft Mgmt Center of Permian Ba
    3500 N A Street 2300
    Midland,TX79705     		None Public Educational Programming 75,000
    Angelo State University Foundation
    ASU Station 11023
    San Angelo,TX76909     		None PC Instruments for Band & Scholarships 35,000
    Boys Girls Club of Midland
    3121 S Goode St
    Midland,TX79701     		None PC Art Program Assistance 10,000
    Centers for Children Families
    1004 N Big Spring
    Midland,TX79701     		None PC Supplies for Play Therapy Rooms 3,000
    George W Bush Childhood Home
    PO Box 8586
    Midland,TX79708     		None PC Historic Preservation 15,000
    Hillcrest School
    2800 N A St
    Midland,TX79705     		None PC Renovate Arts Center 30,000
    Hospice of Midland
    911 W Texas Ave
    Midland,TX79701     		None PC Creative Arts Program 40,000
    Lubbock Entertainment Performing Ar
    1500 Broadway St - Ste 1254
    Lubbock,TX79401     		None PC Buddy Holly Hall of Fame 100,000
    Trinity School
    3500 W Wadley
    Midland,TX79707     		None PC Ndw Bldg for Performing Arts 200,000
    University of St Thomas
    2115 Summit Ave
    St Paul,MN55105     		None PC Performing Arts Scholarships 65,000
    Total .................................bullet 3a 1,816,000
    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....     1 598,876  
    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.....     1 1,745,662  
    8
    Gain or (loss) from sales of assets other than inventory .............     		        -21,739
    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)..   2,344,538 -21,739
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,322,799
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID: 14000265
    Software Version: 2014v6.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 10,000 10,000 0 0

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

    TY 2014 DepreciationSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Oil & Gas Royalty 2009-09-01 6,632,485 1,500,394 125DB 25.0000 256,605      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T Inc 5/15/18 109,405 109,508
    American Intl Group 7/16/19 49,899 50,289
    BP Capital Mkts 10/1/20 108,860 109,936
    Berkshire Hathaway 1/15/21 107,260 109,619
    Blackrock Inc 12/10/19 78,028 84,023
    Cisco Syst 2/15/19 115,075 110,346
    Duke Energy 8/15/17 101,389 100,353
    EBay Inc 10/15/20    
    Genl Elec Cap 11/14/14    
    Kellog Co 5/17/17 101,583 100,413
    McDonalds 1/15/22 99,657 98,115
    Medco Health 9/15/20 110,946 105,008
    Pepsico 6/1/18 115,708 109,463
    Target 1/15/18 100,958 110,425
    Teck Resources 2/1/18 102,379 80,938
    Wal Mart 4/15/21 108,811 110,760
    Bank of America 1/24/22 116,503 114,063
    Freeport McMoran 11/14/21 99,619 78,000
    Unum Group 3/15/24 105,472 103,161

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Blackrock Inc 91,324 86,266
    Affiliated Managers 73,643 108,579
    Anheuser-Busch 92,450 131,305
    Apache Corp    
    Apple Computer 145,015 380,535
    Baxter Intl Inc    
    Berkshire Hathaway 134,247 204,728
    BHP Billiton 9,235 7,842
    Boeing 124,113 187,259
    Citi Group Inc 148,005 145,605
    CME Group 99,762 161,831
    CVS/Caremark 65,141 191,030
    Celanese Corp 134,460 141,712
    Chevron Corp 16,615 14,908
    Cisco Systems 160,693 199,001
    Comcast Corp 65,040 183,154
    Cummins Inc 177,445 144,411
    Diageo PLC 63,701 99,814
    Disney (Walt) Co 67,033 213,087
    EMC Corp 75,927 104,613
    Eaton Corp PLC 80,762 82,850
    Gilead Sciences 38,927 111,446
    Goldman Sachs 50,581 87,749
    Google 140,931 188,610
    HSBC 157,626 117,352
    IBM Corp    
    JP Morgan Chase 119,032 178,642
    Johnson Controls 89,559 107,536
    Las Vegas Sands 136,969 86,458
    Mckesson Corp 86,084 151,725
    Microsoft 159,167 199,259
    Monster Beverage    
    National Oil Well Inc    
    Nestle S A 87,690 139,721
    Oracle Corp 70,431 93,912
    Schlumberger 162,770 147,941
    TJX Cos Inc 81,136 145,340
    Target 98,148 149,847
    Thermo Fisher Scientific 58,714 118,000
    Total SA -adr 121,351 115,262
    United Health Group 59,333 193,737
    Union Pacific 99,336 164,001
    United Parcel 65,919 93,756
    US Bancorp    
    Ameriprise Financial 97,682 87,850
    Astrozeneca PLC 8,041 7,700
    AT&T 9,349 9,350
    Banco Bilbao 12,040 10,396
    Bank NS Halifax 11,256 10,271
    BASF Artieng....... 18,868 16,581
    British American Tobacco 20,973 21,025
    Coca Cola 11,668 11,755
    Deutsche Boerse AG 10,654 10,095
    Eli Lilly Co 11,218 10,629
    Exxon Mobil Corp 24,355 23,197
    Glaxo Smithcline 11,432 10,497
    Intel Corp 10,300 10,941
    Johnson & Johnson 26,691 25,578
    Lockheed Martin 16,620 17,207
    LVMH Moet Hennessy 11,588 11,257
    Lyon Dell Basell 14,333 12,754
    Merck & Co 16,017 14,175
    Monsanto Co 143,338 108,382
    Novartis AG 23,899 21,693
    Pfizer Inc 25,437 23,400
    Philip Morris Intnl 19,097 18,722
    Philips Electronics 14,927 13,443
    PNC Financial 130,881 121,758
    Prudential PLC 14,608 13,148
    Reckitt Benckis 13,799 13,943
    Roche Holdings Ltd 122,934 116,643
    Royal Dutch Shell 23,312 20,236
    Sanofi ADR 12,761 11,773
    Siemens 13,486 11,966
    Suncor Energy 189,556 185,276
    Toronto Dominion Bank 10,584 10,289
    Toyota Motor Corp 16,405 14,895
    Unilever NV 17,584 16,643
    Stocks of less than $10,000 each 115,528  

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    US Government Securities - End of Year Book Value:

    1,331,756
    US Government Securities - End of Year Fair Market Value:

    1,311,622
    State & Local Government Securities - End of Year Book Value:


    200,000
    State & Local Government Securities - End of Year Fair Market Value:


    203,827


    TY 2014 InvestmentsLandSchedule2
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 6,726,335 1,756,999 4,969,336 11,393,894

    TY 2014 InvestmentsOtherSchedule2
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Aberdeen Global High Inc Fd AT COST 725,905 605,432
    T Rowe Price Instl Float AT COST 350,000 338,765
    Dreyfus Emerg Mkts Debt Fd AT COST 361,851 258,218
    Dreyfus Intnatl Bond Fd AT COST 510,000 454,288
    Pimco Foreign Bond Fd AT COST 418,270 339,442
    Templeton Global Bond Fd AT COST 191,901 175,536
    ASGI Agility Income Fd AT COST 1,000,000 949,320
    Fidelity Adv Emerging Mkts Fd AT COST 364,000 357,566
    Ishares Core S&P Midcap Fd AT COST 560,773 738,377
    Ishares Small Cap 600 Index Fd AT COST 175,384 344,754
    Kalmar Grwth w/val Sm Cap Fd AT COST 195,000 166,475
    Keeley Small Cap Value Fd AT COST 74,083 130,393
    MSIF Mid Cap Growth Fd AT COST    
    Stratton Small Cap Value Fd AT COST 50,000 44,215
    Touchstone Mid Cap Value Fd AT COST    
    Harbor Intl Fund AT COST 350,327 432,253
    Invesco Int'l Growth Fund AT COST 90,000 113,952
    IShares MSCI EAFE ETF AT COST 717,331 716,328
    JP Morgan Midcap Value AT COST 425,000 395,094
    Oppenheimer Develop Mkts Fd AT COST 125,000 90,075
    T Rowe Price Inst Emer Fd AT COST 300,118 300,002
    Templeton Emerg Mkts Sm Cap Fd AT COST 100,000 89,556
    Vanguard Emerging Markets AT COST 405,238 306,248
    Ally Mtg-Backed Master Tr AT COST 296,461 300,585
    GAI Mesirow Insight Fund AT COST 483,783 471,279
    AQR Managed Strategies AT COST 100,000 106,038
    ASG Global Alternatives Fd AT COST 225,000 209,803
    Driehaus Active Income Fd AT COST 400,000 372,888
    Pam Global Diversified Fund AT COST 425,000 445,630
    Partners Group Priv Eq AT COST    
    Merger Fund AT COST 399,434 388,192
    Barclay IPath Commod Index AT COST 277,191 160,661
    Credit Suisse Commodity AT COST 225,000 202,098
    Rici Linked Pam Total Index AT COST    
    SPDR DJ Wilshire Int'l Real Estate ETF AT COST 539,472 575,662
    Vanguard REIT Viper AT COST 639,298 949,311
    Artisan Mid-Cap Fd AT COST 425,000 400,905
    Bear Stearns Coml Mtgs AT COST 37,337 36,401
    Boston Partners L-S Research AT COST 200,000 194,156
    Neuberger Berman L-S Fund AT COST 200,000 190,748
    Skybridge Multi-Adviser HS AT COST 275,000 266,669

    TY 2014 OtherExpensesSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues to Assoc of Foundations 1,500 1,500    
    Miscellaneous 1,659 1,659    
    Other Expense re Royalties 4,511 4,511    


    TY 2014 OtherIncomeSchedule2
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 1,745,662 1,745,662  


    TY 2014 OtherIncreasesSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    Rea Charitable Trust
    EIN: 26-3671567
    Software ID:14000265
    Software Version:2014v6.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bal of Prior Yr - 990-PF 2,089      
    Current Yr Est Tax Pmts - Form 990-PF 76,000      
    Foreign Tax on Dividends 5,738 5,738    
    Oil & Gas Taxes 214,691 214,691