MCMILLAN FAM FOUNDATION TR: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MCMILLAN FAM FOUNDATION TR (EIN 59-7240253)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-15
IRS object ID: 201332279349100133
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Gain Loss Sale Other Assets Sch
Other Decreases Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-15T08:15:32-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	C LUTHER PICKELS CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 413	AddressLine1
City	MONTICELLO	City
State	FL	State
ZIP Code	32345	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	597240253	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MCMILLAN FAMILY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MCMI	NameControl
Phone	8509971765	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 68	AddressLine1
City	PANACEA	City
State	FL	State
ZIP Code	32346	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JEAN MCMILLAN	Name
Title	TRUSTEE	Title
Phone	8509971765	Phone
Date Signed	2013-05-13	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LUTHER PICKELS	Name
Phone	8509970777	Phone
Date Prepared	2013-08-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	816340	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	10510	InterestOnSavingsRevAndExpnss
Dividends Rev And Expnss	67884	DividendsRevAndExpnss
Net Gain Sale Assets Rev And Expnss	-52879	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	5049847	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	25515	TotalRevenueAndExpenses
Total Net Investment Income	0	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	400	AccountingFeesRevAndExpnss
Taxes Rev And Expnss	819	TaxesRevAndExpnss
Other Expenses Rev And Expnss	0	OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss	1219	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	41500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	0	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	42719	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	0	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-17204	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	34214	CashBOY
Cash EOY	31084	CashEOY
Cash EOYFMV	31084	CashEOYFMV
Investments Corp Stock BOY	742469	InvestmentsCorpStockBOY
Investments Corp Stock EOY	685256	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	685256	InvestmentsCorpStockEOYFMV
Investments Land Etc BOY	100000	InvestmentsLandEtcBOY
Investments Land Etc EOY	100000	InvestmentsLandEtcEOY
Investments Land Etc EOYFMV	100000	InvestmentsLandEtcEOYFMV
Total Assets BOY	876683	TotalAssetsBOY
Total Assets EOY	816340	TotalAssetsEOY
Total Assets EOYFMV	816340	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	776683	UnrestrictedBOY
Unrestricted EOY	716340	UnrestrictedEOY
Temporarily Restricted BOY	100000	TemporarilyRestrictedBOY
Temporarily Restricted EOY	100000	TemporarilyRestrictedEOY
Total Net Assets BOY	876683	TotalNetAssetsBOY
Total Net Assets EOY	816340	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	876683	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	816340	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	876683	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-17204	ExcessOfRevenueOverExpenses
Subtotal	859479	Subtotal
Other Decreases	43139	OtherDecreases
Total Net Assets Fund Balances EOY	816340	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	41728	QualifyingDistributionsYear1
Noncharitable Assets Year1	776728	NoncharitableAssetsYear1
Distribution Ratio Year1	0.053723	DistributionRatioYear1
Qualifying Distributions Year2	50000	QualifyingDistributionsYear2
Noncharitable Assets Year2	818173	NoncharitableAssetsYear2
Distribution Ratio Year2	0.061112	DistributionRatioYear2
Qualifying Distributions Year3	33600	QualifyingDistributionsYear3
Noncharitable Assets Year3	610700	NoncharitableAssetsYear3
Distribution Ratio Year3	0.055019	DistributionRatioYear3
Qualifying Distributions Year4	35000	QualifyingDistributionsYear4
Noncharitable Assets Year4	698000	NoncharitableAssetsYear4
Distribution Ratio Year4	0.050143	DistributionRatioYear4
Qualifying Distributions Year5	50000	QualifyingDistributionsYear5
Noncharitable Assets Year5	881575	NoncharitableAssetsYear5
Distribution Ratio Year5	0.056717	DistributionRatioYear5
Total Distribution Ratio	0.276714	TotalDistributionRatio
Average Distribution Ratio	0.055343	AverageDistributionRatio
Net Noncharitable Assets	705595	NetNoncharitableAssets
Adjusted Noncharitable Assets	39050	AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One	39050	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	0	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Tax Based On Investment Income	0	TaxBasedOnInvestmentIncome
Amount Credited To Next Year	0	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	FL	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	false	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	JEAN MCMILLAN	BooksInCareOfPersonName
Books In Care Of Phone Number	8509845251	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 68	AddressLine1
City	PANACEA	City
State	FL	State
ZIP Code	32346	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
FINLEY MCMILLAN
PO BOX 68	PANACEA	FL	32346	TRUSTEE/	2.00	0	0	0
JEAN B MCMILLAN
PO BOX 68	PANACEA	FL	32346	TRUSTEE/	2.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	716340	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	716340	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	716340	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	10745	CashDeemedCharitable
Net Noncharitable Assets	705595	NetNoncharitableAssets
Minimum Investment Return	35280	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	35280	MinimumInvestmentReturn
Distributable Amount Before Adj	35280	DistributableAmountBeforeAdj
Distributable Amount Before Ded	35280	DistributableAmountBeforeDed
Distributable Amount As Adjusted	35280	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	0	ExpensesAndContributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	35280	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	5921	ExcessDistriCarryoverYear5
Excess Distri Carryover Year3	35000	ExcessDistriCarryoverYear3
Total Excess Distri Carryover	40921	TotalExcessDistriCarryover
Total Corpus	40921	TotalCorpus
Undistributed Income CY	35280	UndistributedIncomeCY
Excess Distri Cyov From Year5	5921	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	35000	ExcessDistriCyovToNextYear
Excess From Year3	35000	ExcessFromYear3

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	FINLEY MCMILLAN	ContributingManager
Contributing Manager	JEAN MCMILLAN	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
LIGHTHOUSE CHILDRENS HOME
7771 MAHAN DRIVE	TALLAHASSEE	FL	32309	NONE	SUPPORT OF MINISTRY	$25,000
THE SALVATION ARMY
206 W VIRGINIA ST	TALLAHASSEE	FL	32301	NONE	SUPPORT OF CHARITY	$5,000
FRIENDSHIP PRIMITIVE BAPTIST CHURCH
GEN DELIVERY	PANACEA	FL	32346	NONE	SUPPORT OF MINISTRY	$4,500
FLORIDAS SH YOUTH RANCH
P O BOX 2000	BOYS RANCH	FL	32064	NONE	SUPPORT	$5,000
PROMISE LAND
10 CHURCH ROAD	CRAWFORDVILLE	FL	32327	NONE	SUPPORT	$2,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	41500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Business Code	523920	BusinessCode
Unrelated Business Income	$10,510	UnrelatedBusinessIncomeAmount
Exclusion Code	14	ExclusionCode

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Business Code	523920	BusinessCode
Unrelated Business Income	$67,884	UnrelatedBusinessIncomeAmount
Exclusion Code	14	ExclusionCode

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Business Code	523960	BusinessCode
Unrelated Business Income	-$52,879	UnrelatedBusinessIncomeAmount

Other Revenue Described OtherRevenueDescribed

Field	Value	IRS element (for citing)
Description	VARIOUS	Description
Business Code	523960	BusinessCode
Unrelated Business Income	$1,653	UnrelatedBusinessIncomeAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$27,168	UnrelatedBusinessIncomeAmount

Field	Value	IRS element (for citing)
Total Part XVIA	27168	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	stocks	Name
How Acquired	Purchased	HowAcquired
Date Sold	2012-12	DateSold
Gross Sales Price	5049847	GrossSalesPrice
Basis	5102726	Basis
Total Net	-52879	TotalNet

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	CHANGE IN ASSET	Description
Amount	$43,139	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	OTHER	Description

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	PROPERTY	Category
Amount	$819	Amount

MCMILLAN FAM FOUNDATION TR: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Other Revenue Described OtherRevenueDescribed

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments