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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$6,171,733J 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.............
3 Interest on savings and temporary cash investments 1,471 1,471  
4 Dividends and interest from securities... 177,341 177,341  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 326,224
b Gross sales price for all assets on line 6a 2,527,439
7 Capital gain net income (from Part IV, line 2)... 326,224
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........ 505,036 505,036  
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 1,690 423 0 1,268
c Other professional fees (attach schedule).... Click to see attachment 60,987 42,691   18,296
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,206 1,453   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 232     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,115 44,567 0 19,764
25 Contributions, gifts, grants paid....... 329,438 329,438
26 Total expenses and disbursements. Add lines 24 and 25 402,553 44,567 0 349,202
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 102,483
b Net investment income (if negative, enter -0-) 460,469
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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......... 74,429 260,706 260,706
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 755,395 Click to see attachment1,231,756 1,223,692
b Investments—corporate stock (attach schedule)....... 2,054,152 Click to see attachment2,009,703 2,165,456
c Investments—corporate bonds (attach schedule)....... 1,444,678 Click to see attachment881,929 875,365
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,718,783 Click to see attachment1,756,121 1,646,514
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) 6,047,437 6,140,215 6,171,733
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 6,047,437 6,140,215
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)..... 6,047,437 6,140,215
31 Total liabilities and net assets/fund balances (see instructions). 6,047,437 6,140,215
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
6,047,437
2
Enter amount from Part I, line 27a .....................
2
102,483
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,149,920
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,705
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,140,215
Form 990-PF (2018)
Form 990-PF (2018)
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 50000. ALTRIA GROUP INC 9.700% 11/10/18   2009-06-09 2018-11-10
b 337. AMGEN INC COM     2018-05-11
c 134. APPLE COMPUTER INC   2015-12-21 2018-11-08
d 348. AQUA AMERICA INC   2018-01-05 2018-04-16
e 75000. BAIDU INC 3.250% 08/06/18   2015-02-04 2018-08-06
120. CAPITAL ONE FINANCIAL CORP   2016-04-29 2018-09-20
459. CISCO SYS INC COM   2015-07-23 2018-11-08
195.4 CITIGROUP INC NEW   2018-01-04 2018-07-06
.6 CITIGROUP INC NEW   2018-01-04 2018-08-03
19. CITIGROUP INC NEW   2017-07-07 2018-11-08
188. COGNIZANT TECH SOLUTIONS   2015-12-21 2018-10-09
23. COGNIZANT TECH SOLUTIONS   2015-12-21 2018-11-08
277. CONOCOPHILLIPS   2017-06-16 2018-03-16
830. CONOCOPHILLIPS   2016-06-15 2018-03-16
2000. CORNING INC COM   2015-12-21 2018-06-27
303. ELECTRONIC ARTS INC   2018-01-12 2018-03-16
73. FEDEX CORP     2018-09-13
50. FEDEX CORP   2015-12-21 2018-11-08
3509. FORD MTR CO DEL     2018-02-23
.6 GARRETT MOTION INC   2015-12-21 2018-10-10
41. GARRETT MOTION INC   2015-12-21 2018-11-08
4135. GENERAL ELEC CO COM     2018-08-23
277. GLAXOSMITHKLINE PLC   2015-12-21 2018-05-11
50000. GOLDMAN SACHS GROUP INC 6.150% 04/01/18   2008-09-25 2018-04-01
388.376 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND INSTL     2018-10-05
5887.304 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND INSTL   2015-12-29 2018-10-05
232. HCA HEALTHCARE INC   2017-05-11 2018-11-08
1212. HP INC   2016-12-01 2018-11-08
204. HONEYWELL INTERNATIONAL INC     2018-05-18
70. HONEYWELL INTERNATIONAL INC   2015-12-21 2018-11-08
711. HOST HOTELS & RESORTS INC     2018-06-22
52. HOST HOTELS & RESORTS INC   2015-12-21 2018-11-08
30. INTEL CORP COM   2017-04-05 2018-11-08
260. INTERNATIONAL BUSINESS MACHINES   2018-01-12 2018-11-23
52. INTERNATIONAL BUSINESS MACHINES   2018-01-12 2018-11-23
3842.643 IVY INTERNATIONAL CORE EQUITY CLASS N   2016-09-07 2018-04-18
6140.402 IVY INTERNATIONAL CORE EQUITY CLASS N     2018-07-30
4528.149 IVY INTERNATIONAL CORE EQUITY CLASS N   2017-01-13 2018-12-20
1616.369 IVY INTERNATIONAL CORE EQUITY CLASS N     2018-12-20
248.749 IVY INTERNATIONAL CORE EQUITY CLASS N   2017-01-13 2018-12-20
74. JOHNSON & JOHNSON COM   2005-12-28 2018-11-08
521. KINDER MORGAN INC CLASS P   2018-03-16 2018-11-08
100000. KRAFT FOODS INC 6.125% 02/01/18   2009-09-15 2018-02-01
84. LABORATORY CORP OF AMERICA HOLDINGS   2016-11-09 2018-06-13
1. LABORATORY CORP OF AMERICA HOLDINGS   2016-11-09 2018-06-18
23. LABORATORY CORP OF AMERICA HOLDINGS   2016-11-09 2018-11-08
228. LABORATORY CORP OF AMERICA HOLDINGS   2016-11-09 2018-12-06
442. LAUDER ESTEE COS INC   2016-01-27 2018-01-12
65. LILLY ELI & CO COM   2018-05-11 2018-11-08
75000. MACQUARIE GROUP LTD 3.000% 12/03/18   2014-06-20 2018-12-03
100000. MCDONALDS CORP 2.100% 12/07/18   1995-01-01 2018-12-07
197. MICROSOFT CORP COM   2005-12-28 2018-01-12
158. MICROSOFT CORP COM   2005-12-28 2018-10-09
168. MICROSOFT CORP COM   2005-12-28 2018-11-08
178. MOHAWK INDS INC     2018-05-24
51. NEXTERA ENERGY INC   2015-12-21 2018-11-08
232. NUCOR CORP COM   2015-12-21 2018-11-08
98. PEPSICO INC COM   2009-04-03 2018-11-08
174. PROCTER & GAMBLE CO COM   2017-03-08 2018-11-08
1072. PUBLIC SERVICE ENTERPRISE GROUP     2018-01-05
139. RAYTHEON COMPANY NEW   2017-08-21 2018-11-08
.333 RESIDEO TECHNOLOGIES INC   2015-12-21 2018-11-15
69. RESIDEO TECHNOLOGIES INC   2015-12-21 2018-11-26
510. SPDR S&P REGIONAL BANKING ETF   2015-12-21 2018-01-04
99. SPDR S&P REGIONAL BANKING ETF   2015-12-21 2018-11-08
93. CHARLES SCHWAB CORP   2017-03-08 2018-11-08
123. SPDR CONSUMER DISCRETIONARY ETF   2016-04-07 2018-10-16
29. SPDR CONSUMER DISCRETIONARY ETF   2016-04-07 2018-11-08
100. SMUCKER J M CO NEW   2016-08-31 2018-06-13
66. SMUCKER J M CO NEW   2018-11-08 2018-11-28
337. SMUCKER J M CO NEW     2018-11-28
66. SMUCKER J M CO NEW   2016-08-31 2018-11-28
214. TWITTER   2018-06-13 2018-11-08
235. US BANCORP DEL NEW   2017-03-08 2018-06-22
230. US BANCORP DEL NEW   2017-03-08 2018-07-31
103. UNION PAC CORP COM   2017-03-02 2018-05-18
74. UNION PAC CORP COM   2017-03-02 2018-11-08
128. UNION PAC CORP COM   2018-02-20 2018-11-16
212. UNION PAC CORP COM   2017-03-02 2018-11-16
1384. UNUM GROUP     2018-06-22
203. V F CORP   2017-03-01 2018-05-24
159. V F CORP   2017-03-01 2018-11-08
2406.16 VANGUARD SHORT TERM INVESTMENT GRADE INSTL SHARES   2018-10-05 2018-11-09
77. VANGUARD REAL ESTATE INDEX ETF   2018-06-22 2018-11-08
231. VIACOM INC NEW B   2017-03-02 2018-02-23
828. VIACOM INC NEW B     2018-08-09
307. VIACOM INC NEW B   2017-03-02 2018-08-09
140. VISA INC   2015-12-21 2018-01-12
205. VISA INC   2015-12-21 2018-11-08
100000. VODAFONE GROUP PLC 4.625% 07/15/18   2015-11-02 2018-07-15
301. WAL MART STORES INC COM   2016-01-20 2018-11-08
193. WESTROCK CO   2018-11-08 2018-12-06
725. WESTROCK CO     2018-12-06
193. WESTROCK CO   2017-07-07 2018-12-06
190. INGERSOLL-RAND PLC     2018-02-20
186. INGERSOLL-RAND PLC   2016-02-16 2018-03-16
241. INGERSOLL-RAND PLC   2016-02-16 2018-11-08
126. TE CONNECTIVITY LTD REG SHS   2016-09-28 2018-04-16
506. TE CONNECTIVITY LTD REG SHS     2018-07-06
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 50,000   50,000  
b 57,847   52,503 5,344
c 27,842   14,206 13,636
d 11,758   13,115 -1,357
e 75,000   76,926 -1,926
11,915   8,728 3,187
22,105   12,917 9,188
13,125   14,827 -1,702
43   46 -3
1,277   1,292 -15
13,867   11,216 2,651
1,635   1,372 263
14,958   12,823 2,135
44,819   36,368 8,451
54,922   36,315 18,607
39,147   34,446 4,701
18,545   10,905 7,640
11,439   7,310 4,129
37,223   41,922 -4,699
9   7 2
568   449 119
51,571   61,718 -10,147
10,997   11,068 -71
50,000   50,000  
4,699   4,894 -195
71,236   62,111 9,125
32,890   19,757 13,133
30,821   18,445 12,376
30,114   24,411 5,703
10,524   6,902 3,622
15,296   12,807 2,489
981   803 178
1,466   1,098 368
30,539   42,688 -12,149
6,108   8,538 -2,430
80,081   67,180 12,901
124,220   106,723 17,497
69,009   78,211 -9,202
24,633   26,608 -1,975
3,791   4,296 -505
10,744   4,475 6,269
9,117   8,520 597
100,000   100,000  
15,910   10,170 5,740
185   121 64
3,930   2,785 1,145
32,630   27,605 5,025
56,958   36,664 20,294
7,164   5,320 1,844
75,000   76,418 -1,418
100,000   100,000  
17,584   5,219 12,365
17,788   4,185 13,603
18,698   4,450 14,248
37,819   46,361 -8,542
8,841   5,228 3,613
14,839   9,254 5,585
11,328   5,148 6,180
15,839   15,706 133
53,074   41,431 11,643
25,909   24,544 1,365
7   6 1
1,346   1,253 93
30,392   21,277 9,115
5,515   4,130 1,385
4,507   3,918 589
13,543   9,616 3,927
3,229   2,267 962
10,460   14,117 -3,657
6,871   7,313 -442
35,086   46,346 -11,260
6,871   9,317 -2,446
7,263   9,411 -2,148
11,984   13,019 -1,035
12,227   12,742 -515
14,676   11,286 3,390
11,251   8,108 3,143
19,497   16,876 2,621
32,293   23,229 9,064
52,724   67,064 -14,340
16,659   10,726 5,933
13,728   8,401 5,327
25,000   25,072 -72
6,193   6,196 -3
7,720   9,834 -2,114
25,040   23,117 1,923
9,284   13,069 -3,785
16,786   10,794 5,992
29,682   15,805 13,877
100,000   106,500 -6,500
31,499   18,371 13,128
8,894   8,917 -23
33,409   41,594 -8,185
8,894   11,065 -2,171
17,159   12,439 4,720
16,675   9,630 7,045
24,878   12,477 12,401
12,561   8,102 4,459
46,180   30,883 15,297
      40,006
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        
b       5,344
c       13,636
d       -1,357
e       -1,926
      3,187
      9,188
      -1,702
      -3
      -15
      2,651
      263
      2,135
      8,451
      18,607
      4,701
      7,640
      4,129
      -4,699
      2
      119
      -10,147
      -71
       
      -195
      9,125
      13,133
      12,376
      5,703
      3,622
      2,489
      178
      368
      -12,149
      -2,430
      12,901
      17,497
      -9,202
      -1,975
      -505
      6,269
      597
       
      5,740
      64
      1,145
      5,025
      20,294
      1,844
      -1,418
       
      12,365
      13,603
      14,248
      -8,542
      3,613
      5,585
      6,180
      133
      11,643
      1,365
      1
      93
      9,115
      1,385
      589
      3,927
      962
      -3,657
      -442
      -11,260
      -2,446
      -2,148
      -1,035
      -515
      3,390
      3,143
      2,621
      9,064
      -14,340
      5,933
      5,327
      -72
      -3
      -2,114
      1,923
      -3,785
      5,992
      13,877
      -6,500
      13,128
      -23
      -8,185
      -2,171
      4,720
      7,045
      12,401
      4,459
      15,297
       
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 2 326,224
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))
2017 340,140 6,708,883 0.0507
2016 334,787 6,483,245 0.051639
2015 350,285 6,551,793 0.053464
2014 337,250 6,943,054 0.048574
2013 334,780 6,798,781 0.049241
2
Total of line 1, column (d) .....................
2
0.253618
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.050724
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,693,355
5
Multiply line 4 by line 3......................
5
339,514
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,605
7
Add lines 5 and 6........................
7
344,119
8
Enter qualifying distributions from Part XII, line 4,.............
8
349,202
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 4,605
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 4,605
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 4,605
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,040
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 6,040
8 Enter any penalty for underpayment of estimated tax. Check here 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 1,435
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,435 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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 (2018)
    Form 990-PF (2018)
    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
    6,619,200
    b
    Average of monthly cash balances.......................
    1b
    176,084
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,795,284
    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
    6,795,284
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    101,929
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,693,355
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    334,668
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    334,668
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,605
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,605
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    330,063
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    330,063
    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
    330,063
    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
    349,202
    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
    349,202
    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
    4,605
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    344,597
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 330,063
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 2,429
    c From 2015...... 29,529
    d From 2016...... 15,817
    e From 2017...... 10,702
    fTotal of lines 3a through e........ 58,477
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 349,202
    a Applied to 2017, 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 2018 distributable amount..... 330,063
    e Remaining amount distributed out of corpus 19,139
    5 Excess distributions carryover applied to 2018. 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 77,616
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		77,616
    10 Analysis of line 9:
    a Excess from 2014.... 2,429
    b Excess from 2015.... 29,529
    c Excess from 2016.... 15,817
    d Excess from 2017.... 10,702
    e Excess from 2018.... 19,139
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 (2018)
    Form 990-PF (2018)
    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 12,359
    MOUNT UNION COLLEGE
    1972 CLARK AVENUE
    ALLIANCE,OH44601     		NONE 501(C)(3) ANNUAL DISTRIBUTION/PUBLIC 82,360
    COPELAND OAKS RETIREMENT COMMUNITY
    800 S 15TH STREET
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 82,360
    FIRST UNITED METHODIST CHURCH
    200 W 5TH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 25,000
    CRANDALL MEDICAL CENTER
    800 S 15TH STREET
    SEBRING,OH44672     		NONE 501(C)(3) ANNUAL DISTRIBUTION/GENERAL 82,359
    FRIENDS OF THE EAST LIVERPOOL CAMPUS
    KENT STATE UNIVERSITY
    400 E FOURTH STREET
    EAST LIVERPOOL,OH43920     		NONE 501(C)(3) ANNUAL DISTRIBUTION/PUBLIC 45,000
    Total .................................bullet 3a 329,438
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,471  
    4 Dividends and interest from securities....     14 177,341  
    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 ............     		    18 326,224  
    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)..   505,036  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    505,036
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 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 1,690 423   1,268

    TY 2018 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    
    100,000 AMAZON 3.300% 12/5/21 100,525 101,225
    75,000 BAIDU 3.250% 8/6/18    
    100,000 CVS 3.500% 7/20/22 101,103 99,314
    75,000 CARDINAL HEALTH 2.400% 74,960 74,471
    100,000 CMNWLTH PA 5.110% 6/1/ 100,000 100,795
    100,000 EMERSON ELEC 4.250% 11 103,722 102,023
    50,000 GOLDMAN SACHS 6.150% 4    
    100,000 KRAFT 6.125% 2/1/18    
    75,000 MACQUARIE 3.00% 12/3/1    
    100,000 MCDONALDS 2.100% 12/7/    
    100,000 OMNICOM 4.450% 8/15/20 102,851 101,708
    100,000 QUALCOMM 3.000% 5/20/2 98,269 98,380
    100,000 QUALCOMM 2.600% 1/30/2 100,499 96,232
    100,000 VODAFONE 4.625% 7/15/1    
    100,000 WASHINGTON PA 3.325% 9 100,000 101,217

    TY 2018 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
    1,672 SHS AT&T 57,162 47,719
    337 SHS AMGEN    
    441 SHS APPLE 51,533 69,563
    862 SHS EATON CORP 68,146 59,185
    762 SHS CITIGROUP INC NEW 52,007 39,670
    471 SHS MEDTRONIC 45,183 42,842
    1,628 SHS CISCO 46,017 70,541
    729 SHS COGNIZANT TECH 46,266 46,277
    2,000 SHS CORNING    
    239 SHS AIR PRODUCTS & CHEMI 38,514 38,252
    939 SHS EXXON MOBIL 73,279 64,030
    1.949 SHS FARMERS NATL BK 16,734 24,830
    225 SHS FEDEX 37,428 36,299
    1,176 SHS AQUA AMERICA 43,635 40,207
    1,593 SHS GLAXOSMITHKLINE 63,883 60,869
    367 SHS HCA HEALTHCARE INC 31,254 45,673
    346 SHS HONEYWELL INTL 34,118 45,714
    3,423 SHS HOST HOTELS & RESORT 52,843 57,061
    449 SHS JOHNSON & JOHNSON 27,155 57,943
    464 SHS MICROSOFT 12,292 47,128
    1,334 SHS INTEL CORP 54,552 62,605
    300 SHS NEXTERA ENERGY 30,753 52,146
    810 SHS NUCOR 33,951 41,966
    178 SHS MOHAWK INDS INC    
    450 SHS PEPSICO 26,516 49,716
    1,072 SHS PUBLIC ENT GR    
    825 SHS CVS HEALTH CORP 56,188 54,054
    712 SHS PROCTER & GAMBLE 62,650 65,447
    1,383 SHS D R HORTON 55,476 47,935
    560 SHS EDISON INTL 36,982 31,791
    278 SHS HOME DEPOT 52,064 47,766
    704 SHS VISA INC    
    630 SHS INGERSOLL RAND PLC 39,136 57,475
    209 SHS IBM 31,859 23,757
    632 SHS TE CONNECTIVITY LTD    
    2,229 SHS KINDER MORGAN INC CL 36,451 34,282
    70 SHS ALPHABET INC CL A 66,440 73,147
    988 SHS KRAFT HEINZ CO 50,503 42,524
    431 SHS CAPITAL ONE FINANCIA 32,602 32,579
    355 SHS LILLY ELI & CO 29,056 41,081
    1,107 SHS CONOCOPHILLIPS    
    3,509 SHS FORD MTR CO    
    1,439 SHS METLIFE 66,879 59,085
    2,552 SHS HP INC 43,061 52,214
    336 SHS LABORATORY CORP    
    442 SHS LAUDER ESTEE COS INC    
    503 SHS JM SMUCKER    
    628 SHS WALMART STORES INC 45,349 58,498
    278 SHS RAYTHEON COMPANY NEW 49,088 42,631
    994 SHS SCHLUMBERGER LTD 58,980 35,864
    1,070 SHS CHARLES SCHWAB CORP 45,078 44,437
    989 SHS US BANCORP DEL NEW 51,285 45,197
    389 SHS UNION PACIFIC CORP    
    1,384 SHS UNUM GROUP    
    452 SHS V F CORP 23,882 32,246
    926 SHS VIACOM INC NEW B    
    918 SHS WESTROCK    
    359 SHS VISA 27,678 47,366
    1,426 SHS TJX COMPANIES 62,725 63,799
    1,115 SHS TWITTER 43,070 32,045

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    US Government Securities - End of Year Book Value:

    1,231,756
    US Government Securities - End of Year Fair Market Value:

    1,223,692
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 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
    6,275.680 GOLDMAN SACHS INTER      
    19,062.878 IVY INTL CORE EQUIT AT COST 327,365 292,615
    4,469.649 JPMORGAN SMCAP CORE AT COST 216,316 193,581
    937.000 SPDR S&P REG BNK ET AT COST 38,718 43,842
    466.000 SPDR CONS DISC ETF AT COST 40,421 46,139
    474.000 SECTOR SPDR UTIL SE AT COST 25,285 25,084
    23,472.083 DFA COMM STRAT PORT AT COST 140,905 122,290
    18,737.679 DFA GLOBAL REAL EST AT COST 197,468 187,377
    20,031.486 GOLDMAN SACHS INFLA AT COST 209,844 203,720
    20,041.733 PIMCO INTL BD FD UN AT COST 198,921 186,188
    17,385.521 FED INSTIT HIGH YD AT COST 173,805 159,251
    6,294.147 OPPENHEIMER INTL DI AT COST 97,433 98,566
    2,392.304 SHS VG ST INVEST GR AT COST 24,928 24,976
    1,067.464 SHS VG LT TREAS IND AT COST 25,000 26,793
    484.000 SHS VG REAL ESTATE AT COST 39,712 36,092

    TY 2018 OtherDecreasesSchedule
    Name:
    LANG RACHEL BOYCE CHARITABLE TRUST XXX-XX-XXXX
    EIN:
    31-1603385
    Description Amount
    ROUNDING 5
    ST WASH SALE ADJ 4,578
    LT WASH SALE ADJ 5,122


    TY 2018 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) 32 0   0
    STATE OF OHIO FILING FEE 200 0   200


    TY 2018 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
    INVESTMNT MNGMNT FEES (NON-DED 60,987 42,691   18,296


    TY 2018 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 230 230   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,713 0   0
    FEDERAL ESTIMATES - INCOME 6,040 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,094 1,094   0
    FOREIGN TAXES ON NONQUALIFIED 129 129   0