Document 4053
I 4/22/2010 4134 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Return of4947(a)(1) PrivateNonexempt Foundation OMBN5 Form or Section Charitable Trust 1545-0052 De anmemonhe new Treated as a Private Foundation P VY lniemal Revenue Service (77 Note The foundation may be able to use a copy of this return to satisfy state reporting requirements For calendar year 2009, or tax year beginning , and ending G Check all that apply lj Initial return lj Initial return of a former public charity III Final return Cl Amended return Address change lj Name change Use the IRS Name of fgundahon A Employer identification number label- EDWARD Low MEMORIAL TRUST 82-6062075 print -xr otherwise* and street (or P O boxBANK number if mail to street address)MAC I Room/suite B Telephone number (see page 10 of the instructions) or typeNumber WELLS FARGO N Ais not - Pdelivered O BOX 53456, 54101-22G (800)352-3705 See Specific CIW Of 10W". 51319- and ZIP C0136 C If exemption application is pending. check here P EI IFISUUCUOFIS- PHOENIX AZ 85072 D 1 Foreign organizations, check here P CI H Check type of organization Section 501(c)(3) exempt private foundation 2 Formgn Q,gan,Za(,0n5 meeting me 55% iesi, Cl Section 4947(a)(1) nonexempt charitable trust III Other taxable private foundation cheek here and aiieeh computation b lj E If private foundation status was terminated I Fair market value of all assets at end J Accounting method Cash If-I Accrual under eeeiion so7(b)i1)iA), cheek here p II) Of year (fl"OlTI P5" //, C0/ (C), CI Othel" (SDBCITY) - - - - - - - - - - - - - - - - U- u F llthe foundation is in a 60-month termination line 16) p $ 535,015 (Part I, column (d) must be on cash basis ) """" " under eeeiion 5o7(b)i1)(e), cheek here v CI Analysis of Revenue and Expenses (The ioieier (3) Revenue and ld) Disbursements amounts in columns (b), (c), and (d) may not necessarilypequal ex enses ef Ib) Nei lT1COlTl9 Investment (C) Adjusted net for Chamame p ITlC0lT18 PUFPDSES the amounts In column (a) (see page 11 ol the /nstructi ons) ) books (cash basis only) Contributions, gifts, grants, etc , received (attach schedule) Check P if the foundation is not required to attach Sch B Interest on savings and temporary cash investments 0 4 Dividends and interest from securities 5 a Gross rents 18,921 O 18,918 0 0 b Net rental income or (loss) 6 a Net gain or (loss) from sale of assets not on line 10 -30,856 b Gross sales price for all assets on line 6a 136,046 7 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain 9 Income modifications 0 %O D0 18,918 10 3 Gross sales less returns and allowances b Less Cost of goods sold NEW c Gross profit or (loss) (attagh sche e 0 0 11 Other income (attach sc //edu ICU Q* 0 12 Toiei Arii1irriee1 ihro I (QNX gfu/EIU -11,935 0 13 Compensation of offic riiyltg trustees, etc 14 Otheremployee salar s dwaggsl @U 15 Pension plans, empl ee ben 16 a Legal fees (attach s edule b Accounting fees (attach sche c Other professional fees (attach schedule 17 Interest 18 Taxes (attach schedule) (see page 14 of the instructions) 19 Depreciation (attach schedule) and depletion 0 0 0 0 0 0 0 0 45 45 0 O O 1,741 1,306 435 1,786 36,000 1,351 435 36,000 36,435 20 Occupancy 21 Travel, conferences, and meetings 22 Printing and publications 23 Other expenses (attach schedule) 24 Total operating and administrative expenses Add lines 13 through 23 25 Contributions, gifts, grants paid 25 37,786 ts -49,721 b Net investment income (if negative, enter -O-) 17,567 26 Total expenses and disbursements.Add lines 24 and 1,351 27 Subtract line 26 from line 12 3 Excess of revenue over expenses and disbursemen c Adjusted net income (if negative, enter -O-) For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions Perm 990-PF (2009) (HTA) IHI I 4/22/2010 4 34351 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST FONT* 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 2 X1 End of year (b) Book Value (c) Fair Market Value 0 Part " Balance Sheets Attached schedules amounts in the only descnption column Beginning Year should be for -and end-of year amounts (See instructions ) (3) BookOf value Cash-non-interest-bearing 2 Savings and temporary cash investments 16,325 3 Accounts receivable P - - - - - - - - - - - - - - . - - - - - - - - - - - - - - - - - -U Less allowance for doubtful accounts P - - - - - - U - - - - - - - -- 4 Pledges receivable P - - - - . - . - - - - - - - - - - - - - - - - - - - - - - - - -U Less allowance for doubtful accounts P - - - - - - - - - - - - - - - -- 17,196 17,196 0 O 0 0 0 0 O O 0 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule) P - - - - - - - - - - - - -I -0 0 0 Less allowance for doubtful accounts R - - - - - - - - - - - - - - - - - - - - I - -- -Q 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 0 10 B Investments-U S and state government obligations (attach schedule) 0 0 b Investments-corporate stock (attach schedule) c Investments-corporate bonds (attach schedule) 11 Investments-land, buildings, and equipment basis P - - - - - - - - - -I -Q 362,442 290,554 287,678 314,950 292,164 326,656 Less accumulated depreciation (attach schedule) P - - - - - - . . . - - - -- -Q 0 0 0 13 Investments-other (attach schedule) 14 Land, buildings, and equipment basis P , - - - - - - - - U - - - - - -"Q 0 0 0 Less accumulated depreciation (attach schedule) P - - - - - - . . U . . - .- -Q 0 0 0 0 0 0 669,321 619,624 636,016 12 Investments-mortgage loans 15 Other assets (describe P - - - - - - - - - - - - - - - - - - - - - - - - . - - - -- - ) 16 Total assets (to be completed by all filers-see the instructions Also, see page 1, item l) 0 17 Accounts payable and accrued expenses in an E 3 .E -I 18 Grants payable 19 Deferred revenue . 20 Loans from officers, directors, trustees, and other disqualined persons 21 Mortgages and other notes payable (attach schedule) 22 Otherliabilities (describe P - - . - . - - - . - - - - - - - - - - - - - - - - - - - - -U) 23 Total liabilities (add lines 17 through 22) Foundations that follow SFAS 117, check here P U and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 26 Temporarily restricted Permanently restricted Foundations that do not foiiow SFAS 117, check here b I1() and complete lines 27 through 31. 27 Capital stock, trust pnncipal, or current funds 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 page 17 of the instructions) 31 Total liabilities and net assetslfund balances(see page 17 of the instructions) 669,321 619,824 669,321 619,824 669,321 619,824 E Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year-Part ll, column (a), line 30 (must agree with end-of-year figure reported on prior year"s return) Enter amount from Part I, line 27a Other increases not included in line 2 (itemize) P -S-ee-Atta-C-h-ec-I -S-t-at-ten-teri-t - - - - - - - - - - - - -U dd lines 1, 2, and 3 . . Decreases not included in line 2 (itemize)P - I - - - - - - - - - - - - - - - - - - - - - - - - - - . - I - I I - - - - - - - . -- Total net assets or fund balances at end of year (line 4 minus line 5)-Part Il, column (b), line 30 669,321 -49,721 224 619,824 0 619,824 Form 990 PF (zoos) " 4/22/2010 4134 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST I FUN" 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income H (a) List and descnbe the kind(s) of property sold (e g , real estate, (Ig-ngzlfgsggzd (c) Date acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co ) D*DonatIon (mo , day, yr) (mo , day, yr) 51a See Attached Statement 0b YC (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) plus (I) minus (g) (or allowable) plus expense of sale 0 0 Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) F M V as 0112/31/69 (I) Gains (Col (h) gain minus col (k), but not less than -0-) or Losses (from col (h)) (1) Adjusted basis (k) Excess of col (i) as of 12/31/69 over col (1), if any If (loss), enter -0- in Part l, line 7 2 -30,856 2 Capital gain net income or (net capital loss) I If gain, also enter in Part I, line 7 ) 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 pages 13 and 17 of the instructions) If (loss), enter -0- in Part I, line 8 I3 (H) (dl 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? lj Yes No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries Base penod years Ib) ICI Distnbution ratio Calendar year (or tax year beqinnin, in (col (Q) divided by col QD I 2008 2007 2006 2005 2004 Adjusted qualifying distnbutions Net value of nonchantable-use assets 44,323 38,715 37,092 37,452 39,019 671,937 745,718 720,307 710,939 719,992 0 065963 0 051916 0 051495 0 052680 0 054194 2 Total of line 1, column (d) 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 2 0 276248 3 0 055250 4 Enter the net value of nonchantable-use assets for 2009 from Part X, line 5 4 586,710 5 Multiply line 4 byline 3 . 5 32,416 6 Enter 1% of net investment income (1% of Part I, line 27b) 6 176 7 Add lines 5 and 6 7 32,592 8 36,435 8 Enter qualifying distributions from Part XII, line 4 lf line 8 is equal to or greater than line 7, check the box in Part Vl, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18 Form 990 -PF (2009) 4/22/2010 4.34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Form 99fPPF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 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) 1 a Exempt operating foundations described in section 4940(d)(2), check here P lj and enter "N/A" on line 1 Date Of ruling Of determination Ietter - - - . - . - - - - - - - - -- - (attach copy of letter if necessary-see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 176 here b and 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) Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) Add lines 1 and 2 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) *-.?-Ol. Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter -0- . Credits/Payments a 2009 estimated tax payments and 2008 overpayment credited to 2009 b Exempt foreign organizations-tax withheld at source c Tax paid with application for extension of time to file (Form 8868) d Backup withholding erroneously withheld Total credits and payments Add lines 6a through 6d Enter any penalty for underpayment of estimated tax Check here III if Form 2220 is attached i Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed 176 ...E91 0 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid P 110 11 Enter the amount of line 10 to be Credited to 2010 estimated tax P 110I Refunded P 0 Part VII-A Statements Regarding Activities 1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes N0 participate or intervene in any political campaign? -L instructions for definition)? ll X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of the If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials published or distnbuted by the foundation in connection with the activities c Did the foundation file Form 1120-POL for this year? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundation P $ (2) On foundation managers P $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed 2X on foundation managers P $ 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? If "Yes, " attach a detailed description of the activities 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 ofthe changes L X 4 a Did the foundation have unrelated business gross income of $1 ,000 or more during the year? 4a X b If "Yes," has it filed a tax return on Form 990-T for this year? i N/A 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X 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 0 By language in the governing instrument, or 0 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 X 7 Did the foundation have at least $5,000 in assets at any time during the year?If "Yes," complete Part ll, col (c), and Part XV 7 X 8 a Enter the states to which the foundation reports or with which it is registered (see page 19 of the instructions) P -IQ - - . - - - - - - - - - g g - I - . . - - - - - - - - - . - - - - - - - - - - I - I - - - - - - - - - - - - - . . - - - - - - - - - - . , v - - - - - - - - - I - - . - - .- b lf 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 X 9 ls the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2009 or the taxable year beginning in 2009 (see instructions for Part XIV on page 27)? If "Yes, " complete Part X/V 9 X their names and addresses 10 X 10 Did any persons become substantial contributors during the tax year? If "Yes, " attach a schedule listing Form 990-PF (2009) " 4/22/2010 423451 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST " F0fm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 5 I11 Part VII-A Statements Regarding Activities (continued) At any time dunng 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 page 20 of the instructions) . 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 20089 . 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? Website address P N/A 14 The books in we of * .wE.L.L.s .EARQQ .EieNis.N,A..,....---. ........ ,. Telephone no v .t8.QQi.1t@2-2295 ........... ,, Located at P -PQ Q-BQZ(-5351-56,-MAQ 5511-Q1--22Q P,ljlQEN-l)(- AZ ---------------------- - - ZlP+4 P -8-50?-2 ------------------- - 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041-Check here p E and enter the amount of tax-exempt interest received or accrued dunng the year P I 15 (N/A Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required Yes No File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. 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"7 (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)9 (6) Agree to pay money or property to a government official"7 (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 ) lj Yes i No lj Yes LNO I-il Yes A No Yes No lj Yes X No EI Yes X No 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 page 20 of the instructions)"7 Organizations relying on a current notice regarding disaster assistance check here c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts, - 1b x ,ic that were not corrected before the first day of the tax year beginning in 20097 15 X 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 2009, did the foundation have any undistributed income (lines 6d and 6e, Part Xlll) for tax year(s) beginning before 20097 EI Yes No if "Yes," its: the years P 20 ,,,, - - , 20 ---- - n , 20 ---- U , 20 ---- - g 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 page 20 of the instructions ) C If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here 3a 2b N/A P 20 ---- 20 ------ -,,2o ---- 0,20 ---- U Did the foundation hold more than a 2% direct or indirect interest in any business enterpnse at any time during the year? lj yes No b If "Yes," did it have excess business holdings in 2009 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 bythe 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 2009) 3b N/A 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X 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 lirst day of the tax year beginning in 20097 4b X Form 990-PF (2009) " 4/22/2010 4134 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST " Fvfm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 6 Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required (continued) 5a Dunng the year did the foundation pay or incur any amount to i (1) Carry on propaganda, or otherwise attempt to influence legislation (section (2) lntiuence the outcome of any specific public election (see section 4955), or to carry 4945(e))? III Yes L No on, directly or indirectly, any voter registration drive? lj Yes Y N0 (3) Provide a grant to an individual for travel, study, or other similar (4) Provide a grant to an organization other than a charitable, etc , organization described purposes? EI Yes L No in section 509(a)(1), (2), or (3), or section 494O(d)(2)? (see page 22 of the instructions) El yes X No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? El yes 7 No 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 page 22 of the instructions)? i 5b N/A Organizations relying on a current notice regarding disaster assistance check here P 1 c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the 1 tax because it maintained expenditure responsibility for the grant? CI Yes 1 No If Yes, attach the statement required by Regulations section 53 4945-5(d) Ga Did the foundation, during the year, receive any funds, directly or indirectly, to pay 1 premiums on a personal benefit contract? Cl Yes X No b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X 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? VI Yes 7b b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? 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 page 22 of the instructions). (b) Title, and average (c) Compensation (d) Contributions to (9) Expense account. (a) Name and address hours per weekto(Ifposition not paid, employee benefit plans devoted -0-)enter and deferred compensation oi herana wances .V.V.E.LL.S. FABQQ BANK .N A ................. .. TRUSTEE 00 0 O 00 0 0 P O. BOX 53456, MAC 54101-22G PHOENIX 8 4 00 1,741 0 0 00 0 0 0 2 Compensation of five highest-paid employees (other than those included on line 1-see page 23 of the instructions). If none, enter "NONE," (b) Title and average Io b m E m (d) Contributions to (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation emp Yee ene Ie) xpense accou " other allowances devoted to position mans andcompensation ddened .N999 ......................................... - Total number of other employees paid over $50,000 PI0 Form 990-PF (zoos) 4/22/2010 4 3451 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST F0"" 99fPPF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 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 page 23 of the instructions) If none, enter "NONE," (a) Name and address ol each person paid more than $50,000 (b) Type of service (c) Compensation .NQNE ......................................................... - 0 0 0 O 0 Total number of others receiving over $50,000 for professional services P I O Part IX-A Summary of Direct Charitable Activities List the foundationls four largest direct charitable activities during the tax year Include relevant statistical information such as Ex enses the number ol organizations and other beneliciaries served, conferences convened, research papers produced, etc p 1 NONE 2 - - - - - - - - - - - - - - --"nn"----"H------------un - - . - - - - - - - - - - - - - - - - - * , - . U - - - - - - - ---"U - - - - - -- 3 . - - - - - - - - - - - - - - - - - - - - - - - - . - - - - - - - - - - - - - - - - - - - - - - A , - - - . , U - - - U - - - - - - - - - - - - - - - - - - - - - I - - - - - U - - - - - - - - - - -H 4 -------------------------------------------------------------- un --------------------- --nu ------ - Part IX-B Summary of Program-Related Investments (see page 24 of the instructions) Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount 1 NONE 2 - - - - - - - I . - - - - - - - - - - - - - - - - I - - - - - . I . - - - - - - - - - - - - - - - - - - - - - - - - . - , . - - - - - - - - - - - - - - - - - - - * - - - - . . . - - - - - - - - - -- All other program-related investments See page 24 of the instructions 3 NONE P0 0 Total. Add lines 1 through 3 Form 990-PF (2009) 4/22/2010 4:34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Form 990-PF (2009) EDWARD Low MEMORIAL Teusr B26062075 Page B Minimum Investment Return (All domestic foundations must complete this part Foreign found atlons, see page 24 of the Instructions.) 1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc purposes Average monthly fair market value of securities Average of monthly cash balances Fair market value of all other assets (see page 24 of the instructions) Total (add lines 1a, b, and c) Reduction claimed for blockage or other factors reported on lines 1a and 1c (attach detailed explanation) Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line 1d Cash deemed held for charitable activities Enter 1*/1 % of line 3 (for greater amount, see page 25 of the instructions) 1a 579,123 1b , 1d 595,645 16 522 1c il-2 4 8,935 za 176 1 . 2c 176 l1eI 2 3 4 5 6 Net value of noncharitable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4 Minimum investment return. Enter 5% of line 5 3 595,645 65 586,710 29,336 Part XI Distributable Amount (see page 25 of the Instructlons) (Section 4942(j)(3) and (j)(5) prIvate o peratlng foundations and certain foreign organizations check here P III and do not complete this part ) 1 Minimum investment return from Part X, line 6 23 Tax on investment income for 2009 from Part VI, line 5 b Income tax for 2009 (This does not include the tax from Part VI ) c Add Itnes 2a and 2b 29 336 EU Distributable amount before adjustments Subtract line 2c from line 1 Recoveries of amounts treated as qualifying distributions Add lines 3 and 4 Deduction from distributable amount (see page 25 of the instructions) Distributable amount as adjusted Subtract Iirie 6 from line 5 Enter here and on Part XIII, lIne 1 29,160 29,160 7 29,160 Part XII Qualifying Distributions (see page 25 of the 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 b Program-related investments-total from Part IX-B 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes 3 Amounts set aside for speciGc charitable projects that satisfy the a Suitability test (prior IRS approval required) b Cash distribution test (attach the required schedule) 4 Qualifying distributions. Add lines 1a through 3b Enter here and on Part V, line 8, and P art XIII, line 4 5 6 1a 36,435 *Ib 0 211-.. 3b 0 4 36,435 3a 5 176 Foundations that qualify under section 4940(e) for the reduced rate of tax on net Investmen t income Enter 1% of Part I, line 27b (see page 26 of the instructions) Adjusted qualifying distributions Subtract line 5 from line 4 Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foun dation qualifies for the section 4940(e) reduction of tax in those years 6 36,259 Form 990-PF (2009) 4/22/2010 4:34251 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST 82-6062075 Page 9 F0fm 990-PF (2009) EDWARD LOW MEMORIAL TRUST (2) tb) Part XIII Undistributed Income (see page 26 of the instructions) Distnbutable amount for 2009 from Part Xl, line 7 1 Corpus Years pnor to 2008 td) 2009 (C) zoos 29,160 2 Undistributed income, if any, as of the end of 2009 a Enter amount for 2008 only b Total for prior years 20 , 20 , 20 3 Excess distributions carryover, If any, to 2009 NONE From 2004 NONE rom 2005 From 2006 NONE NONE From 2007 From 2008 NONE Total of lines 3a through e Qualifying distributions for 2009 from Part 4 7,659 0 xii, line 4 P $ 36,435 a Applied to 2008, but not more than line 2a I5 b Applied to undistributed income of prior years (Election required-see page 26 of the Instructions) C Treated as distributions out of corpus (Election required-see page 26 of the instructions) d Applied to 2009 distributable amount e Remaining amount distributed out of corpus Excess distributions carryover applied to 2009 (lf an amount appears in column (d), the same amount must be shown in column (a) ) 7,659 0 28,776 0 0 0 Enter the net total of each column as indicated below 6 a Corpus Add lines 3f, 4c, and 4e Subtract line 5 b Prior years" undistributed income Subtract O line 4b from line 2b C Enter the amount of prior years" undistributed Income for which a notice of deticiency has been issued, or on which the section 4942(a) tax has been previously assessed d Subtract line 6c from line 6b Taxable amount-see page 27 ofthe instructions e Undistributed income for 2008 Subtract line 4a from line 2a Taxable amount-see page 27 of the I7 0 instructions f Undistributed income for 2009 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2010 Amounts treated as distributions out of 384 corpus to satisfy requirements imposed by section 17O(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) Excess distributions carryover from 2004 not applied on line 5 or line 7 (see page 27 of the 8 Instructions) 9 O Excess distributions carryover to 2010. Subtract lines 7 and 8 from line Ba 10 a b c d e 0 Analysis of line 9 Excess from 2005 Excess from 2006 Excess from 2007 Excess from 2008 Excess from 2009 Form 990-PF (2009) * 4/22/2010 4.34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST * Form 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 10 Part XIV Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) N/A 1 a If the foundation has received a ruling or determination letter that it ls a pnvate operating year listed 0 0 foundation, and the n.iling is effective for 2009, enter the date of the ruling P b Check box to indicate whether the foundation is a pnvate operating foundation described in section lj 4942(j)(3) or (Il 4942(j)(5) 2 3 Enter the lesser of the adjusted net income from Part I or the minimum Tax year Prior 3 years (e) Total (b) 2008 (c) 2007 (d) 2006 bline 85% of line 2a 0 O 0 0 0 4 for each year listed 0 0 investment return from Part X for each (al 2009 C Qualifying distnbutlons from Part XII, for active conduct of exempt activities 0 d Amounts included in line 2c not used directly e Qualifying distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c 0 0 0 0 0 (1) Value of all assets 0 under section 4942(j)(3)(B)(i) 0 3 Complete 3a, b, or c for the alternative test relied upon a "Assets" alternative test-enter (2) Value of assets qualifying b "Endowment" alternative test--enter 2/3 Part X, line 6 for each year listed 0 0 of minimum investment return shown in C "Support" alternative test-enter (1) Total support other than gross 512(a)(5)), or royalties) 0 investment income (interest, dividends, rents, payments on secunties loans (section section 4942(j)(3)(B)(iii) 0 from an exempt organization 0 (2) Support from qeneral public and 5 or more exempt organizations as provided in Gross investment income . 0 (3) Largest amount of support (4) Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see page 28 of the instructions.) 1 Information Regarding Foundation Managers: a List 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 $5,000) (See section 507(d)(2) ) NONE b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest NONE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here P if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the foundation makes glfts, grants, etc (see page 28 ofthe instructions) to individuals or organizations under other conditions, complete items 2a. b, c, and d a The name, address, and telephone number of the person to whom applications should be addressed b The form in which applications should be submitted and information and materials they should include c Any submission deadlines d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors Form 990-PF (2009) 4/22/2010 4:34"51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST FW" 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 1 1 Part XV Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment If recipient is an individual, RSCIDISDI show any relationship to Foundauon Purpose of grant ormount A any foundation manager Status of contnbution Name and address (home or business) D,$ubS,am,a, contributor fecipiem a Paid dur/ng the year See Attached Statement 0 0 O 0 0 0 O 0 0 0 0 O 0 0 0 Total . P 3a 36,000 O b Approved for future payment NONE 0 0 0 0 0 0 Total . P 3b 0 0 O 0 Form 990-PF (2009) " 4/22/2010 4:34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST " Fvfm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 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) (3) (I-7) (C) (d) function income Business code Amount Exclusion code Amount (See page 23 of Related or exempt 1 Program service revenue lheI"SlfUClI0f1S ) a b g Fees 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 18,921 5 Net rental income or (loss) from real estate a Debt-financed property b Not 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 -30,856 9 Net income or (loss) from special events 10 Gross profil or (loss) from sales of inventory 11 Other revenue 3 O 12 Subtotal Add columns (b), (d), and (e) -11,935 0 13 Total Add line 12, columns (b), (d), and (e) 13 -11,935 (See worksheet in line 13 instructions on page 28 to venfy calculations ) Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes Line No. Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to 1 the accomplishment of the foundation"s exempt purposes (other than by providing funds for such purposes) (See page 28 of the instructions ) Not Applicable Form 990-PF (2009) " 4/22/2010 4 34151 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST " Form 990-PF I2009i EDWARD Low MEMORIAL TRUST az-6062075 Page 13 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Y Exempt Organizations 1 Did the organization directly or indirectly engage In any of the following with any other organization described Yes No in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? (1) Cash . . . a Transfers from the reporting foundation to a noncharitable exempt organization of 1a(1) X 1a(2) X (1) Sales of assets to a noncharitable exempt organization 1b(1) (2) Other assets b Other transactions (2) Purchases of assets from a noncharitable exempt organization 1b(2) (3) Rental of facilities, equipment, or other assets . . 1b(3) (4) arrangements . . 1b(5) . 1b(4) (5)Reimbursement Loans or loan guarantees (6) Performance of services or membership or fundraising solicitations 1b(6) -* c Sharing of facilities, equipment, mailing lists, other assets, or paid employees d lf the answer to any ofthe 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 lf the foundation received less than fair market value in any transaction or sharing arrangement, showin column (d) the value of the goods, other assets, or services received H(a) Line no (b) Amount Involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and shanng arrangements Not Applicable fYO O 2a ls 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 5277 III Yes No Y b If "Yes," complete the following schedule i (a) Name ol organization (b) Type of organization (c) Descnption of relationship 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 or fiduciary) is based on all information of which preparer has any knowledge , Signature (I S*-*Q*"j: I 4/22/2010 , v P a.Date TAxTitle DIRECTOR of officer or tnistee Date Preparefs h k f nidentifying b r Si natur n - signature C ec i4/22/2010 um e (see g eo P00364310 - I- Preparefs , K self-employed b Page 30 oftheinstrucuons) F*"""S "am 600 (f"Y"*"S " ,STREET, PRicEwATERHousEcooPERs, LLP EIN P no 13-4008324 and ZIP code GRANT PITTSBURGH, PA 15219-2777 Phone 412-355-6000 self-employed), address. Form 990-PF (2009) " 4/22/2010 4 34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year Recipient(s) paid during the year Name NATIONAL FOUNDATION FOR CANCER RESEARCH I*lPerson l"7IBusIness Street 4600 EAST WEST HIGHWAY, SUITE 525 BETHESDA 20814 City I State ZipMD code Foreign Country Relationshlp Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount6,000 Name FIRST PRESBYTERIAN CHURCH I-Tlperson ITIBUSIIIQSS Street 950 WEST STATE STREET City State Zip Code Foreign Country BOISE ID 83706 Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/Contribution IAmount13,500 Name AMERICAN RED CROSS I*lPerson l"7lBusiness Street BOISE ID 83709 City I State Zip code Foreign Country Relatlonship FoundatIon Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount3,000 146 SOUTH COLE ROAD Name THE SALVATION ARMY I*IPers0n ITIBIISIMSS Street City State Zip Code Forelgn Country BOISE ID 83702 Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contrlbution IAmount3,000 1904 W BANNCOCK STREET Name FRIENDS IN ACTION Iiiaerson ITIi3usIness Street 701 WEST FORT STREET BOISE ID 83702 City I State Zip code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution lAmount1,500 Name MINISTRY OF THE AGED I-IPS-rson Iwiausmess Street CIty State Zip code Foreign Country BOISE ID 83711 Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/Contribution *Amount1,500 P O BOX 45237 4/22/2010 4Z34"51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year Recipient(s) paid during the year Name LEARNING LAB, INC I-leerson lfisuslness Street 308 E 36TH STREET GARDEN CITY ID 83714 City l State Zip code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount1,000 Name BOISE RESCUE II/IISSION MINISTRIES Iiperson I-ic"lBusIness Street 308 S 24TH STREET City State Zip code Foreign Country BOISE ID 83702 Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount2,000 Name CHILDREN-S HOME SOCIETY OF IDAHO IT"IPerson I-xTIBusIness Street BOISE ID 83712 740 WARM SPRINGS AVENUE City U State Zip code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contrlbution IAmount1,000 LIFE"S KITCHEN I IPerson X IBusIness Name Street BOISE ID 83706 City I State Zip Code Foreign Country Relationshlp Foundatlon Status NONE EXEMPT 1025 SOUTH CAPITOL BLVD GENERAL OPERATING PURPOSES Purpose of grant/contribution *Amount1,000 Name NORTHWEST CHILDRENS HOII/IE, INC I-lperson lTIBusIness Street P O BOX 1288 LEWISTON 83501 City 1 State Zip ID Code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount1,000 Name SENIOR SOLUTIONS, INC liperson l"3UI3usIness Street BOISE ID 83703 City I State Zip code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount1,000 3010 WEST STATE STREET - 4/22/2010 434:51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year Recipient(s) paid during the year Name coRPus cHRisTi House I-Iiverson lTIeusine-ss Street BOISE ID 83702 City I State Zip code Foreign Country Relationship Foundation Status NONE EXEMPT GENERAL OPERATING PURPOSES Purpose of grant/contribution IAmount 500 525 AMERICANA BLVD Name Street I IPerson I IBusiness City State Zip code Foreign Country Relationship Foundation Status Purpose of grant/contribution IAmount O Name Street I IPerson I IBusiness City State Zip code Foreign Country Relationship Foundation Status Purpose of grant/contribution IAmount 0 Name Street I IPerson I Business City State Zip code Foreign Country Relationship Foundation Status Purpose of grant/contribution IAmount 0 Name Street IPerson I IBusiness City State Zip code Foreign Country Relationship Foundation Status Purpose of grant/contribution IAmount 0 Name Street I IPerson I Business City State Zip Code Foreign Country Relationship Foundation Status Purpose of grantjcontribution IAmount 0 4/22/2010 4 34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Part Ill (990-PF) - Changes in Net Assets or Fund Balances 2 24 3 ROUNDING Total . 3 224 I. 3-DI . I. III E "IVE 1 MUTUAL FUND TIMING DIFFERENCE -vm" Y w-- 1- -u -* f * A W- -m --H 1 -220 4/22/2010 4 34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Part VI, Line 6a (990-PF) - Estimated Tax Payments 1 Credit from prior year return 2 First quarter estimated tax payment 3 Second quarter estimated tax payment 4 Third quarter estimated tax payment . 5 Fourth quarter estimated tax payment 6 Other payments . 7 Total Date Amount 286 0 4/22/2010 4 34151 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST * Part XIII, Line 2a, Column C (990-PF) - Prior Year Undistributed Income 1 Distributable amounts for 2008 that remained undistributed at the beginning of the 2009 tax year otal T 7,659 7,659 4/22/2010 4"34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST Part XV, Lines 1a-1b (990-PF) - Information Regarding Foundation Managers List Managers who own 10% or more of the stock NONE NONE List Managers who contnbuted more than 2% ot a corporation of which the foundation has a 10% of the total contributions received by the foundation or greater interest
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