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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O FARMERS TRUST 42 MCCLURG ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
YOUNGSTOWN, OH44512
A Employer identification number

31-1603385
B Telephone number (see instructions)

(330) 743-7000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,362,716J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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... 262,509 262,509  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 123,249
b Gross sales price for all assets on line 6a 3,851,613
7 Capital gain net income (from Part IV, line 2)... 123,249
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 385,758 385,758  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 550 138 0 413
c Other professional fees (attach schedule).... Click to see attachment 53,630 37,541   16,089
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,508 6,400   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,775     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 82,463 44,079 0 16,702
25 Contributions, gifts, grants paid....... 337,000 337,000
26 Total expenses and disbursements. Add lines 24 and 25 419,463 44,079 0 353,702
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -33,705
b Net investment income (if negative, enter -0-) 341,679
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 297,316 259,811 259,811
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   10,841 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) 818,927    
b Investments—corporate stock (attach schedule)....... 2,560,438 Click to see attachment2,032,014 2,139,054
c Investments—corporate bonds (attach schedule)....... 2,516,397 Click to see attachment3,497,622 3,592,684
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment375,677 371,167
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) 6,203,919 6,165,124 6,362,716
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........ 6,203,919 6,165,124
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)..... 6,203,919 6,165,124
31 Total liabilities and net assets/fund balances (see instructions). 6,203,919 6,165,124
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
6,203,919
2
Enter amount from Part I, line 27a .....................
2
-33,705
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9
4
Add lines 1, 2, and 3 ..........................
4
6,170,223
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,099
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,165,124
Form 990-PF (2015)
Form 990-PF (2015)
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 1834. AT&T INC     2015-12-21
b 2370. ASTRAZENECA PLC     2015-12-21
c 50000. BMW BANK OF NA SALT LK CITY UT ACT/365 CPN 4.800% DUE 10/20/08   2013-03-22 2015-02-25
d 473. BPOST SA DE DROIT PUBLIC ADR   2014-01-24 2015-08-11
e 2563. BPOST SA DE DROIT PUBLIC ADR     2015-12-18
1643. CA INC   2012-06-15 2015-07-23
631. CA INC   2012-10-12 2015-07-23
20. CA INC   2014-06-17 2015-07-23
100000. LOS ANGELES CA MUN IMPT CORP REV TXBL 5.64%   2008-02-06 2015-08-03
513. CHEVRONTEXACO CORP     2015-12-21
50000. COLUMBUS FRANKLIN CNTY OH FIN 3.6% 8/15/15   2010-05-26 2015-08-17
1000. CONOCOPHILLIPS     2015-12-21
838. DUKE ENERGY CORPORATION     2015-12-21
783. ENGIE SA   2015-03-20 2015-12-17
2485. ENGIE SA   2014-03-20 2015-12-17
.652 FARMERS NATIONAL BANC CORP   2005-11-18 2015-10-13
2802. GENERAL ELEC CO COM   2014-12-19 2015-02-17
739. GENERAL ELEC CO COM   2014-12-19 2015-12-21
1870. GENERAL MTRS CO   2015-03-20 2015-12-17
1511. GLAXOSMITHKLINE PLC     2015-12-17
1319. HSBC HOLDINGS PLC SPON ADR NEW   2015-08-11 2015-12-17
4817. INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD   2014-06-12 2015-12-17
2475. INTEL CORP COM   2010-07-06 2015-07-23
415. INTEL CORP COM   2013-04-30 2015-07-23
27. INTEL CORP COM   2014-06-17 2015-07-23
796. J.P. MORGAN CHASE & CO   2015-07-31 2015-12-17
105. JOHNSON & JOHNSON COM   2005-12-28 2015-12-21
486. KIMBERLY CLARK CORP COM     2015-12-21
878. LEGGETT & PLATT   2011-03-18 2015-03-20
533. LEGGETT & PLATT   2011-03-18 2015-09-03
22. LEGGETT & PLATT   2014-06-17 2015-09-03
423. LEGGETT & PLATT   2011-03-18 2015-09-04
584. LEGGETT & PLATT   2011-08-08 2015-09-04
100000. MBNA (BAC) 5.00% 6/15/2015   2010-09-22 2015-06-15
773. MCDONALDS CORP COM   2014-12-19 2015-12-21
622. MICROSOFT CORP COM     2015-12-21
3046. MUNCHENER RUCKVERSICHERUNGS GESELLSCHAFT AKTIEGESELLSCHAFT   2014-01-14 2015-12-17
50000. NATIONAL OILWELL VARCO 6.125% 8/15/2015   2011-10-04 2015-08-15
530. NEW YORK COMMUNITY BANCORP INC   2012-02-02 2015-08-10
106. NEW YORK COMMUNITY BANCORP INC   2013-06-27 2015-08-10
39. NEW YORK COMMUNITY BANCORP INC   2014-06-17 2015-08-10
3613. NEW YORK COMMUNITY BANCORP INC   2012-02-02 2015-11-02
35000. OHIO ST ED FAC COMMN REV 6% 5/01/2016   2006-06-15 2015-05-04
4184. ORANGE SA     2015-12-21
7713. ORKLA ASA ADR     2015-12-17
.55072 OUTFRONT MEDIA INC   2014-12-12 2015-01-26
2293. OUTFRONT MEDIA INC     2015-12-17
1886. PAYCHEX INC     2015-12-21
2643. PENNYMAC MORTGAGE INVESTMENT TRUST     2015-12-17
1543. PFIZER INC COM   2015-08-11 2015-12-17
530. PHILIP MORRIS INTL INC     2015-12-21
1228. POTASH CORP OF SASKATCHEWAN INC   2015-07-23 2015-12-17
656. PROCTER & GAMBLE CO COM     2015-12-21
885. QUALCOMM INC   2015-07-23 2015-12-17
50000. QUEST DIAGNOSTICS 5.45% 11/01/2015   2011-03-31 2015-11-01
920. ROYAL DUTCH SHELL PLC     2015-12-17
1252. SANOFI SPON ADR     2015-12-17
100000. SARA LEE CORP 2.75% 9/15/2015   2014-05-14 2015-07-30
100000. SIGMA-ALDRICH 3.375% 11/01/20   2015-10-21 2015-12-18
2314. SMITHS GROUP PLC   2013-04-29 2015-03-30
276. SMITHS GROUP PLC   2013-04-30 2015-03-30
26. SMITHS GROUP PLC   2014-06-17 2015-04-02
1274. SOUTHERN CO COM   2015-07-23 2015-12-17
50000. STARBUCKS CORP 6.25% 8/15/2017   2009-05-05 2015-07-01
251. TAL INTERNATIONAL GROUP   2013-10-10 2015-07-31
149. TAL INTERNATIONAL GROUP   2013-10-11 2015-07-31
213. TAL INTERNATIONAL GROUP   2013-10-14 2015-07-31
282. TAL INTERNATIONAL GROUP   2013-10-15 2015-07-31
419. TAL INTERNATIONAL GROUP   2013-10-16 2015-07-31
216. TAL INTERNATIONAL GROUP   2014-03-13 2015-07-31
75. TAL INTERNATIONAL GROUP   2014-06-17 2015-07-31
1242. TOTAL S A SPON ADR     2015-12-17
16892. TRI-STATE FIRST BANC INC   2005-11-18 2015-10-13
30000. VIACOM INC 6.250% 04/30/16   2009-08-17 2015-09-29
2051. VODAFONE GROUP PLC   2015-12-11 2015-12-21
989. WAL MART STORES INC COM     2015-12-17
1158. WELLTOWER INC     2015-12-21
2370. WESTPAC BANKING CORP   2012-02-03 2015-08-11
62. WESTPAC BANKING CORP   2013-06-27 2015-08-11
62. WESTPAC BANKING CORP   2014-06-17 2015-10-13
2270. ZURICH INSURANCE GROUP AG     2015-12-17
. BANK OF AMERICA FAIR FUND   1995-01-01 2015-08-24
722. ACCENTURE PLC CLASS A     2015-12-21
1035. EATON CORP PLC   2014-09-23 2015-12-17
1136. SEAGATE TECHNOLOGY     2015-12-17
1220. GOVERNMENT PROPERTIES INCOME TRUST   2010-07-23 2015-07-31
746. GOVERNMENT PROPERTIES INCOME TRUST   2011-08-08 2015-07-31
105. GOVERNMENT PROPERTIES INCOME TRUST   2013-06-27 2015-07-31
190. GOVERNMENT PROPERTIES INCOME TRUST   2013-09-09 2015-07-31
132. GOVERNMENT PROPERTIES INCOME TRUST   2014-06-17 2015-07-31
100000. HARRISBURG PA PUB SCH BLDG AUTH 5.10% 11/15/2015   2009-04-24 2015-11-15
10000. PASADENA CA PENSION FDG SER A 7.28% 5/15/2015   2008-11-17 2015-05-15
50000. WILLIS N AMERICA 5.625%   2010-10-12 2015-07-15
(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 61,919   49,977 11,942
b 77,998   53,976 24,022
c 48,000   54,683 -6,683
d 11,764   9,335 2,429
e 59,922   50,578 9,344
49,151   43,156 5,995
18,877   15,782 3,095
598   589 9
100,000   100,000  
46,187   35,056 11,131
50,000   49,530 470
45,414   39,825 5,589
58,517   37,965 20,552
13,687   16,104 -2,417
43,437   67,062 -23,625
5   6 -1
69,140   71,725 -2,585
22,460   18,917 3,543
64,105   72,598 -8,493
60,412   74,734 -14,322
52,247   59,525 -7,278
56,840   60,848 -4,008
70,652   48,532 22,120
11,847   9,865 1,982
771   811 -40
52,933   54,729 -1,796
10,641   6,350 4,291
60,446   29,121 31,325
40,353   20,028 20,325
23,400   12,158 11,242
966   744 222
18,161   9,649 8,512
25,074   10,627 14,447
100,000   100,000  
90,459   72,382 18,077
33,906   16,282 17,624
60,858   63,960 -3,102
50,000   50,000  
9,741   6,852 2,889
1,948   1,492 456
717   626 91
58,963   46,708 12,255
35,000   35,000  
68,923   61,808 7,115
60,006   59,669 337
15   15  
50,986   72,910 -21,924
99,183   56,323 42,860
41,736   67,002 -25,266
50,149   54,283 -4,134
45,619   21,257 24,362
21,234   34,385 -13,151
51,569   39,422 12,147
42,311   54,548 -12,237
51,437   50,564 873
40,251   51,920 -11,669
53,724   55,902 -2,178
100,305   100,214 91
107,313   103,798 3,515
38,524   45,179 -6,655
4,595   5,421 -826
433   575 -142
59,471   54,766 4,705
55,468   48,123 7,345
5,270   7,367 -2,097
3,129   7,156 -4,027
4,472   10,390 -5,918
5,921   13,742 -7,821
8,798   20,782 -11,984
4,535   9,084 -4,549
1,575   3,322 -1,747
55,367   59,995 -4,628
239,866   253,380 -13,514
31,001   30,163 838
64,115   74,773 -10,658
58,569   63,499 -4,930
75,929   55,671 20,258
55,739   53,024 2,715
1,458   1,668 -210
588   802 -214
56,885   54,594 2,291
1,025     1,025
74,314   33,753 40,561
52,308   67,418 -15,110
38,716   71,583 -32,867
21,038   34,037 -12,999
12,864   15,758 -2,894
1,811   2,617 -806
3,276   4,568 -1,292
2,276   3,379 -1,103
100,000   99,868 132
10,000   10,000  
50,000   50,000  
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       11,942
b       24,022
c       -6,683
d       2,429
e       9,344
      5,995
      3,095
      9
       
      11,131
      470
      5,589
      20,552
      -2,417
      -23,625
      -1
      -2,585
      3,543
      -8,493
      -14,322
      -7,278
      -4,008
      22,120
      1,982
      -40
      -1,796
      4,291
      31,325
      20,325
      11,242
      222
      8,512
      14,447
       
      18,077
      17,624
      -3,102
       
      2,889
      456
      91
      12,255
       
      7,115
      337
       
      -21,924
      42,860
      -25,266
      -4,134
      24,362
      -13,151
      12,147
      -12,237
      873
      -11,669
      -2,178
      91
      3,515
      -6,655
      -826
      -142
      4,705
      7,345
      -2,097
      -4,027
      -5,918
      -7,821
      -11,984
      -4,549
      -1,747
      -4,628
      -13,514
      838
      -10,658
      -4,930
      20,258
      2,715
      -210
      -214
      2,291
      1,025
      40,561
      -15,110
      -32,867
      -12,999
      -2,894
      -806
      -1,292
      -1,103
      132
       
       
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 2 123,249
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))
2014 337,250 6,943,054 0.048574
2013 334,780 6,798,781 0.049241
2012 325,215 6,586,743 0.049374
2011 318,428 6,565,417 0.048501
2010 287,348 6,056,886 0.047442
2
Total of line 1, column (d) .....................
20.243132
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
0.048626
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
6,551,793
5
Multiply line 4 by line 3......................
5
318,587
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,417
7
Add lines 5 and 6........................
7
322,004
8
Enter qualifying distributions from Part XII, line 4.............
8
353,702
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,417
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 3,417
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 3,417
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 9,306
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 9,306
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,889
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,889 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletFARMERS TRUST COMPANY Telephone no.bullet (330) 743-7000

    Located atbullet42 MCCLURG ROADYOUNGSTOWNOH ZIP+4bullet44512
    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 2015, 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  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARY SUE LANG TRUSTEE
    1     		0    
    42 MCCLURG ROAD
    YOUNGSTOWN,OH44512
    CHARLES B LANG TRUSTEE
    1     		0    
    42 MCCLURG ROAD
    YOUNGSTOWN,OH44512
    JAMES R LANG TRUSTEE
    1     		0    
    42 MCCLURG ROAD
    YOUNGSTOWN,OH44512
    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  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,340,351
    b
    Average of monthly cash balances.......................
    1b
    311,215
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,651,566
    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
    6,651,566
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    99,773
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,551,793
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    327,590
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    327,590
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,417
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,417
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    324,173
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    324,173
    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
    324,173
    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
    353,702
    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
    353,702
    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
    3,417
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    350,285
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 324,173
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 2,429
    fTotal of lines 3a through e........ 2,429
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 353,702
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 324,173
    e Remaining amount distributed out of corpus 29,529
    5 Excess distributions carryover applied to 2015. 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 31,958
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		31,958
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 2,429
    e Excess from 2015.... 29,529
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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).)
    NA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    SALVATION ARMY
    413 E 4TH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 10,000
    MOUNT UNION COLLEGE
    1972 CLARK AVENUE
    ALLIANCE,OH44601     		NONE 501(C)(3) ANNUAL DISTRIBUTION/PUBLIC 84,000
    COPELAND OAKS RETIREMENT COMMUNITY
    800 S 15TH STREET
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 105,000
    FIRST UNITED METHODIST CHURCH
    200 W 5TH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 30,000
    CRANDALL MEDICAL CENTER
    800 S 15TH STREET
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 68,000
    FRIENDS OF EAST LIVERPOOL CAMPUS
    KENT STATE UNIVERSITY
    400 E FOURTH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION/PUBLIC 40,000
    Total .................................bullet 3a 337,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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....     14 262,509  
    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 ............     		    18 123,249  
    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)..   385,758  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13385,758
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 550 138   413

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50,000 ALTRIA 9.700% 11/10/18 51,951 60,126
    100,000 AMAZON 3.300% 12/5/21 101,000 102,895
    200,000 AMERICAN EXPRESS 7.000 200,274 221,798
    50,000 AUTOZONE 6.950% 6/15/1 50,313 51,233
    75,000 BAIDU 3.250% 8/6/18 76,926 75,961
    100,000 BAXTER 3.200% 6/15/23 96,100 95,693
    100,000 BLACKROCK 6.250% 9/15/ 102,847 108,066
    75,000 BROADRIDGE 6.125% 6/01 76,418 79,190
    75,000 CRH AMER 6.000% 9/30/1 75,308 77,226
    100,000 CVS 3.500% 7/20/22 101,750 101,756
    75,000 CARDINAL HEALTH 2.400% 74,850 74,972
    50,000 CLOROX 5.950% 10/15/17 51,660 53,680
    100,000 CMNWLTH PA 5.110% 6/1/ 100,000 109,523
    50,000 COMPUTER SCI 6.500% 3/ 49,268 53,949
    100,000 EMERSON ELEC 4.250% 11 108,875 107,877
    100,000 ENTERGY 4.700% 1/15/17 101,784 102,543
    175,000 GEN ELEC 5.250% 12/6/1 191,286 186,844
    50,000 GOLDMAN SACHS 6.150% 4 43,783 54,296
    100,000 JEFFERIES GR 8.500% 7/ 103,081 116,465
    100,000 KRAFT 6.125% 2/1/18 101,751 108,596
    75,000 MACQUARIE 3.00% 12/3/1 76,418 75,692
    100,000 MCDONALDS 2.100% 12/7/ 100,248 100,064
    100,000 METR TRAN 4.276% 11/15 103,044 102,844
    50,000 OAKLAND CA 8.300% 9/1/ 49,543 55,441
    30,000 OH ST EDUC 6.000% 5/1/ 30,000 30,485
    100,000 OMNICOM 4.450% 8/15/20 106,413 106,645
    100,000 PPL ENGY 6.500% 5/1/18 88,465 92,500
    100,000 PENTAIR 5.000% 5/15/21 108,336 104,253
    100,000 PETROLOGISTICS 6.250% 108,427 104,500
    100,000 QUALCOMM 3.000% 5/20/2 96,967 98,998
    125,000 SAN DIEGO CA 5.940% 9/ 133,950 133,260
    75,000 TEVA PHARM 2.400% 11/1 75,856 75,464
    100,000 TYCO 6.550% 10/1/17 108,231 107,768
    100,000 UNITEDHEALTH 6.000% 6/ 99,857 106,377
    75,000 VALERO 6.125% 6/15/17 75,821 78,965
    20,000 VIACOM 6.250% 4/30/16 20,093 20,308
    100,000 VODAFONE 4.625% 7/15/1 106,500 105,742
    100,000 WASHINGTON PA 3.325% 9 100,000 100,428
    50,000 WYETH 5.500% 2/15/16 50,228 50,261

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Name of Stock End of Year Book Value End of Year Fair Market Value
    840 SHS ACTIVISION BLIZZARD 32,727 32,516
    339 SHS AMGEN 53,664 55,030
    1,171 SHS ANALOG DEVICES 65,255 64,780
    609 SHS APPLE 64,565 64,103
    230 SHS BARD INC 43,185 43,571
    1,269 SHS CBRE GROUP 43,197 43,882
    582 SHS CME GROUP 53,695 52,729
    795 SHS CVS HEALTH 76,205 77,727
    730 SHS CERNER CORP 43,632 43,924
    2,050 SHS CISCO 57,618 55,668
    1,281 SHS COGNIZANT TECH 76,424 76,886
    311 SHS CONSTELLATION BRDS 44,254 44,299
    2,991 SHS CORNING 54,309 54,675
    506 SHS CUMMINS 43,506 44,533
    1,034 SHS DARDEN RESTAURNTS 65,494 65,804
    700 SHS DISNEY WALT 74,722 73,556
    809 SHS EASTMAN CHEMICAL 54,486 54,616
    836 SHS EXXON MOBIL 64,938 65,166
    1.949 SHS FARMERS NATL BK 16,734 16,761
    220 SHS FEDEX 32,165 32,778
    2,134 SHS GEN ELECTRIC 54,626 66,474
    1,366 SHS GLAXOSMITHKLINE 54,583 55,118
    307 SHS GOLDMAN SACHS 54,517 55,331
    423 SHS HONEYWELL INTL 43,687 43,810
    3,512 SHS HOST HOTELS & RESORT 54,217 53,874
    739 SHS JOHNSON & JOHNSON 45,202 75,910
    995 SHS MICROSOFT 26,389 55,203
    1,295 SHS NATIONAL OILWELL VAR 43,499 43,370
    527 SHS NEXTERA ENERGY 54,023 54,750
    1,108 SHS NUCOR 44,198 44,652
    490 SHS OCCIDENTAL PETROLEUM 32,420 33,129
    660 SHS PEPSICO 39,416 65,947
    1,149 SHS PUBLIC ENT GR 43,521 44,455
    2,169 SHS QUANTA SERVICES 44,611 43,922
    932 SHS TJX COMPANIES 64,904 66,088
    684 SHS TRAVELERS CO 76,006 77,196
    1,230 SHS TYSON FOODS 65,319 65,596
    1,418 SHS VERIZON 64,799 65,540
    847 SHS VISA INC 65,302 65,685

    TY 2015 InvestmentsOtherSchedule2
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    3,015.100 GOLDMAN SACHS SM/MD AT COST 62,111 61,207
    5,887.304 GOLDMAN SACHS SMCAP AT COST 62,111 61,522
    3,662.209 IVY INTL CORE EQUITY AT COST 62,110 61,415
    2,635.733 JPMORGAN SMCAP CORE AT COST 124,222 121,586
    1,561.000 SPDR S&P REG BNK ETF AT COST 65,123 65,437

    TY 2015 OtherDecreasesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Description Amount
    BALANCE SHEET ADJUSTMENT 2014 5,099


    TY 2015 OtherExpensesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC EXPENSES (NON-CHARITABLE) 1,575 0   0
    STATE OF OHIO FILING FEE 200 0   200


    TY 2015 OtherIncreasesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Description Amount
    ROUNDING 9


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-SUBJECT T 53,630 37,541   16,089


    TY 2015 TaxesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 6,400 6,400   0
    FEDERAL TAX PAYMENT - PRIOR YE 10,802 0   0
    FEDERAL ESTIMATES - PRINCIPAL 9,306 0   0