2011-10-28T13:53:22-05:00 2010-12-31 MORISON COGEN LLP 150 MONUMENT RD - SUITE 500 BALA CYNWYD PA 19004 990PF 2010-01-01 231609243 THE GRUNDY FOUNDATION GRUN 2157885460 680 RADCLIFFE STREET BRISTOL PA 19007 EUGENE WILLIAMS 2157885460 2011-10-12 1 JOSEPH M KISTNER CPA 2674403000 2010 2016-03-07 17:11:31Z X X 55557415 X X 936849 936849 -45433 1020033 9721129 1020033 49463 22830 26633 2006345 1979712 26633 274599 85126 0 189473 1085141 0 0 1085141 116418 0 0 116418 12000 0 0 12000 12600 0 0 12600 20495 18000 0 2495 44336 0 0 21202 69533 0 0 69533 10511 0 0 10511 494726 0 0 494726 2140359 103126 0 2014099 202200 202200 2342559 103126 0 2216299 -336214 1876586 26633 8832756 3433352 3433352 3770316 3770316 3770316 13996412 29346362 34409552 38127651 41949434 41613220 55557415 0 0 X 57803438 57803438 0 0 -15854004 -16190218 41949434 41613220 41949434 41613220 41949434 -336214 0 41613220 0 41613220 4,000 SHS AUTOMATIC DATA PROCESSING INC STOCK P 2010-02-22 2010-09-21 165991 167308 -1317 -1317 5,675 SHS BAXTER INTERNATIONAL INC STOCK P 2009-03-15 2010-08-10 262559 295228 -32669 -32669 5,325 SHS BRISTOL-MYERS SQUIBB COMPANY STOCK P 2009-03-15 2010-01-19 133283 117174 16109 16109 3,500 SHS CISCO SYSTEMS INC STOCK P 2009-06-23 2010-04-28 94639 64336 30303 30303 500,000 SHS FEDERAL HOME LINE MORTGAGE CORP BOND P 2009-03-20 2010-04-02 500000 500000 0 0 400,000 SHS FEDERAL FARM CREDIT BANK BOND P 2009-06-01 2010-05-19 400000 394131 5869 5869 500,000 SHS FEDERAL HOME LINE MORTGAGE CORP BOND P 2007-11-07 2010-03-17 500000 501805 -1805 -1805 500,000 SHS FEDERAL HOME LINE MORTGAGE CORP BOND P 2007-11-07 2010-10-22 500000 501080 -1080 -1080 1,782 SHS FRONTIER COMMUNICATIONS CORPORATION P 2009-03-16 2010-07-09 13081 13117 -36 -36 .295 SHS FRONTIER COMMUNICATIONS CORPORATION P 2009-03-16 2010-07-21 2 2 0 0 2,350 SHSGAP INC STOCK P 2010-03-31 2010-04-28 59713 29545 30168 30168 5,000 SHS GAP INC STOCK P 2009-03-31 2010-06-29 97748 62861 34887 34887 4,000 SHS GAP INC STOCK P 2009-03-31 2010-12-27 85359 50289 35070 35070 1,250 SHS GOLDMAN SACHS GROUP INC STOCK P 2010-04-15 2010-11-05 212836 185698 27138 27138 1,800 SHS HEWLETT PACKARD COMPANY STOCK P 2009-05-21 2010-01-19 93707 61254 32453 32453 1,000 SHS HEWLETT PACKARD COMPANY STOCK P 2009-05-21 2010-04-28 53229 34030 19199 19199 2,500 SHS HOME DEPOT INC STOCK P 2009-05-21 2010-04-28 88149 58076 30073 30073 3,275 SHS INTEL CORP STOCK P 2009-03-31 2010-01-19 68480 49670 18810 18810 3,000 SHS INTEL CORP STOCK P 2009-03-31 2010-04-28 69240 45500 23740 23740 1,225 SHS JOHNSON & JOHNSON STOCK P 2009-03-16 2010-12-01 76463 62328 14135 14135 2,175 SHS KELLOGG COMPANY STOCK P 2009-03-31 2010-01-19 118253 79731 38522 38522 4,000 SHS KELLOGG COMPANY STOCK P 2009-03-31 2010-07-09 206775 146632 60143 60143 3,000 SHS KIMBERLY CLARK CORP STOCK P 2010-02-22 2010-08-10 198269 180045 18224 18224 500 SHS L-3 COMMUNICATIONS CORP STOCK P 2009-10-30 2010-04-28 47044 36508 10536 10536 5,800 SHS ELI LILLY & COMPANY STOCK P 2009-05-21 2010-01-19 209087 200170 8917 8917 4,300 SHS MARATHON OIL CORP STOCK P 2009-03-16 2010-01-19 135190 105735 29455 29455 4,300 SHSMARATHON OIL CORP STOCK P 2009-03-16 2010-09-21 138094 105735 32359 32359 3,500 SHS MICROSOFT CORP STOCK P 2009-03-16 2010-01-19 107274 57286 49988 49988 8,500 SHS NYSE EURONEXT INC STOCK P 2009-06-23 2010-08-10 260926 221325 39601 39601 1,875 SHS NIKE INC CLASS B STOCK P 2009-03-31 2010-04-28 144861 86441 58420 58420 2,000 SHS NIKE INC CLASS B STOCK P 2009-03-31 2010-06-29 135118 92203 42915 42915 1,500 SHS PRAXAIR INC STOCK P 2010-01-07 2010-04-28 125788 121416 4372 4372 2,200 SHS PRAXAIR INC STOCK P 2009-09-15 2010-06-08 163705 176157 -12452 -12452 48,004 SHS T ROWE PRICE MID-CAP VALUE FUND # 115 P 2006-12-15 2010-03-12 1038808 950813 87995 87995 DORCHESTER CAPITAL INTERNATIONAL FUND P 2007-10-30 2010-03-02 1366489 1402440 -35951 -35951 SELECTINVEST INSTITUTIONAL ARV P 2007-10-30 2010-01-21 99000 113072 -14072 -14072 SELECTINVEST INSTITUTIONAL ARV P 2007-10-30 2010-04-20 72200 81419 -9219 -9219 4,000 SHS SEALED AIR CORP STOCK P 2009-10-30 2010-05-12 85294 78975 6319 6319 1,300 SHS UNITED TECHNOLOGIES CORP STOCK P 2009-05-21 2010-06-29 84213 65633 18580 18580 275,000 SHS WALMART STORES STORES INC BOND P 2007-11-07 2010-08-15 275000 277384 -2384 -2384 275,000 SHS WELLS FARGO & COMPANY BOND P 2007-11-07 2010-06-21 287042 278377 8665 8665 2,125 SHS ACCENTURE PLC CLASS A STOCK P 2009-03-16 2010-01-19 90226 63989 26237 26237 5,000 SHS ACCENTURE PLC CLASS A STOCK P 2009-03-16 2010-03-22 210861 150564 60297 60297 1,000 SHS COVIDIEN PLC STOCK P 2009-08-18 2010-04-28 47559 38937 8622 8622 4,000 SHS COVIDIEN PLC STOCK P 2009-08-15 2010-10-21 159946 156259 3687 3687 3,500 SHS NOBLE CORP STOCK P 2009-03-16 2010-01-19 152808 85122 67686 67686 1,000 SHS NOBLE CORP STOCK P 2009-03-16 2010-04-28 41785 24321 17464 17464 1,750 SHS NOBLE CORP STOCK P 2009-03-16 2010-05-12 64205 42561 21644 21644 2,500 SHS NOBLE CORP STOCK P 2009-03-16 2010-12-10 86649 60801 25848 25848 SELECTINVEST INSTITUTIONAL ARV P 2007-10-30 2010-07-01 23500 27613 -4113 -4113 CAPITAL GAINS DIVIDENDS P 70681 70681 70681 1020033 0 2481838 38120740 0.065105 2751947 45849427 0.060021 2572920 40577655 0.063407 2656871 44743583 0.059380 3137221 47241953 0.066408 0.314321 0.062864 35531674 2233663 18766 2252429 2216299 37532 0 37532 0 37532 47966 47966 X 10434 10434 0 0 0 0 0 0 0 0 0 0 0 0 1 PA 1 0 0 0 0 1 N/A GENE WILLIAMS 2157885460 680 RADCLIFFE STREET BRISTOL PA 19007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LEONARD SNYDER PO BOX 577 BRISTOL PA 19007 1.00 15953 0 0 THOMAS PRAISS PO BOX 348 COLLINGSWOOD NJ 08108 1.00 15953 0 0 FREDERICK JM LAVALLEY MORGAN LEWIS BOCKIUS LLP 1701 MARKET STREET PHILADELPHIA PA 19103 1.00 15954 0 0 WELLS FARGO BANK - DOMINIC CLEMENTE 123 S BROAD STREET PHILADELPHIA PA 19109 1.00 94658 0 0 EUGENE WILLIAMS THE GRUNDY FOUNDATION PO BOX 701 680 RADCLIFFE STREET BRISTOL PA 19007 40.00 116128 28471 0 BONNIE O'BOYLE 14 GARDEN PATH DOYLESTOWN PA 18901 1.00 15953 0 0 MARY JANE MANNHERZ 680 RADCLIFFE ST BRISTOL PA 19007 40.00 79164 17364 0 STEVE VITARELLI 680 RADCLIFFE ST BRISTOL PA 19007 40.00 58246 22106 0 SHIRLEY HICKEY 680 RADCLIFFE ST BRISTOL PA 19007 40.00 55463 12750 0 DANA BARBER 680 RADCLIFFE ST BRISTOL PA 19007 40.00 55126 6398 0 0 NONE 0 MAINTENANCE OF LIBRARY AND MUSEUM 1351184 GRANT DISBURSEMENTS 202200 NONE 0 0 0 32011405 6003630 0 38015035 0 0 38015035 2483361 35531674 1776584 1776584 37532 37532 1739052 0 1739052 0 1739052 2216299 0 2216299 0 2216299 1739052 0 0 795073 511172 658729 491842 583369 3040185 2216299 0 0 0 1739052 477247 0 0 3517432 0 0 0 0 0 0 795073 2722359 511172 658729 491842 583369 477247 X EUGENE WILLIAMS ESQ PO BOX 701 BRISTOL PA 19007 2157885460 NO SPECIFIC REQUIREMENTS NONE NONE AMERICAN RED CROSS 1909 VETERANS HIGHWAY LEVITTOWN PA 19056 PURCHASE OF VAN & REPAIRS/MAINTENANCE FUND 11000 ANIMAL LIFELINE 1111 EASTON ROAD-SUITE 24 WARRINGTON PA 18976 MEDICAL CARE FOR ANIMALS 1000 BARC PO BOX 470 DOYLESTOWN PA 18901 RENOVATIONS TO QUAKERTOWN JOB SITE 7500 BOY SCOUTS OF AMERICA ONE SCOUT WAY DOYLESTOWN PA 18901 TENTS AND EQUIPMENT 2250 BRISTOL BOROUGH RECREATION AUTHORITY 475 BEAVER STREET BRISTOL PA 19007 MURAL FOR EXTERIOR OF SKATING RINK 5000 BRISTOL RIVERSIDE THEATER COMPANY INC PO BOX 1250 BRISTOL PA 19007 SUPPORT 2010 SEASON 100871 BRISTOL RIVERSIDE THEATER COMPANY INC PO BOX 1250 BRISTOL PA 19008 EMERGENCY OPERATING GRANT (2 YEAR $50,000 GRANT) 25000 BRISTOL RIVERSIDE THEATER COMPANY INC PO BOX 1250 BRISTOL PA 19007 PRE-PAY PORTION OF 2011 EMERGENCY GRANT 13079 BRISTOL SENIOR ATHLETIC ASSOCIATION PO BOX 31 BRISTOL PA 19007 PRE-PAY PORTION OF 2011 GRANT 1000 BUCKS COUNTY COMMUNITY COLLEGE FOUND 275 SWAMP ROAD NEWTOWN PA 18940 "SHOW SOME HEART" EXHIBIT 1500 FRIENDS OF LOUIS KAHN PARK PINE 11TH STREETS PHILADELPHIA PA 19107 GENERAL OPERATING SUPPORT AND ENDOWMENT 500 FRIENDS OF SILVER LAKE NATURE CENTER 1306 BATH ROAD BRISTOL PA 19007 SILVER LAKE GREEN FEST 3000 GOAL (GREENBELT OVERHAUL ALLIANCE OF LEVITTOWN) 6 FREEDOM LANE LEVITTOWN PA 19055 CLEANUP GREENWAYS AND WATERWAYS 2000 HISTORIC FALLSINGTON 4 YARDLEY AVENUE FALLSINGTO PA 19054 ROOF REPLACEMENT AT SCHOOLMASTER'S HOUSE 7000 HULMEVILLE GARDEN CLUB 2 BEAVER STREET HULMEVILLE PA 19047 LANDSCAPE SCHOLARSHIPS 1000 LASPCA 1700 MARDI GRAS BLVD NEW ORLEANS PA 70114 CARE OF ANIMALS AFFECTED BY BP OIL SPILL 1000 LANGHORNE PLAYERS PO BOX 643 NEWTOWN PA 18940 STRUCTURAL REPAIRS TO FRONT PORCH 7500 LOWER BUCKS FAMILY YMCA 601 SOUTH OXFORD VALLEY ROAD FAIRLESS HILLS PA 19030 SUMMER DAY CAMP PROGRAMS FOR BRISTOL BOROUGH CHILDREN 5000 MORRIS ANIMAL REFUGE 1242 LOMBARD STREET PHILADELPHIA PA 19147 GENERAL OPERATING SUPPORT 500 WASHINGTON CROSSING FOUNDATION 6934 RADCLIFFE STREET BRISTOL PA 19007 FUNDRAISING CONCERT 3500 WASHINGTON SQUARE TRUST PO BOX 36811 PHILADELPHIA PA 19107 STREET CLEANING PROJECT 1000 WEST WASHINGTON SQUARE HISTORIC DISTRICT PO BOX 36811 PHILADELPHIA PA 19107 TREE PROJECT 2000 202200 0 LIBRARY INCOME 26633 14 936849 16 -45433 18 1020033 CLASS ACTION SETTLEMENTS 01 19458 TRUST INCOME 01 3372 0 1934279 26633 1960912 1A MISCELLANEOUS INCOME FROM THE MARGARET R. GRUNDY MEMORIAL LIBRARY WHICH EXISTS FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL AND PUBLIC WORKS PROJECT. 0 0 0 0 0 0 0 0 0 0 ACCOUNTING & CONSULTING 12600 0 0 12600 NONE 0 IN ACCORDANCE WITH REG. 53.4942(A)-2(C)(3)(IV), THE ABOVE REFERENCED FOUNDATION IS EXCLUDING FROM ITS MINIMUM INVESTMENT RETURN (MIR) CALCULATION A TOTAL OF $2,483,361 IN CASH THAT IT DEEMS HELD FOR CHARITABLE ACTIVITIES. THIS AMOUNT IS IN EXCESS OF 1.5% OF THE FAIR MARKET VALUE OF THE FOUNDATION'S NONCHARITABLE ASSETS. THE FOLLOWING INFORMATION IS SUBMITTED IN SUPPORT OF THE EXCLUSION FROM MIR OF THIS AMOUNT.1. FAIR MARKET VALUE OF FOUNDATION'S NONCHARITABLE ASSETS: $32,011,4052. 1.5% OF LINE 1: $480,1713. FACTS AND CIRCUMSTANCES JUSTIFYING THE EXCLUSION OF AN AMOUNT IN EXCESS OF THE AMOUNT IN LINE 2: FOR THE PAST THREE YEARS THE FOUNDATION HAS INCURRED EXPENDITURES FOR CHARITABLE PURPOSES OF $2,216,299, $2,481,838 AND $2,751,947 FOR AN AVERAGE OF $2,483,361 IN ORDER TO CONDUCT ITS CHARITABLE ACTIVITIES. LEGAL 12000 0 0 12000 ABBOTT LABS BOND 247998 247998 288600 ACCENTURE PLC CLASS A STOCK 214553 ACE LIMITED STOCK 214965 280125 AFLAC INC STOCK 0 87900 112860 AMGEN INC STOCK 300231 300231 315675 ARCHER DANIELS MIDLAND COMPANY BOND 196655 196655 209682 BANK OF AMERICA CORP BOND 272084 272454 286572 BANK OF AMERICA CORP STOCK 134996 133400 BB&T CORPORATION BOND 0 282310 287994 BAXTER INTERNATIONAL INC STOCK 295228 BRISTOL-MYERS SQUIBB STOCK 323906 206732 264800 CARDINAL HEALTH INC STOCK 179421 199212 CENTURYLINK INC STOCK 255643 255643 369360 CHUBB CORP STOCK 228565 228565 328020 CIMAREX ENERGY COMPANY STOCK 88330 115089 CISCO SYSTEMS INC STOCK 220580 156244 171955 CONOCOPHILLIPS STOCK 210918 210918 396683 CONSTELLATION ENERGY GROUP INC STOCK 258849 245040 COVIDIEN PLC STOCK 155746 DONNELLEY RR & SONS COMPANY STOCK 90731 87350 DORCHESTER CAPITAL INTERNATIONAL FUND 1402440 ELI LILLY & COMPANY BOND 282697 282697 294814 ELI LILLY & COMPANY STOCK 200170 EXXON MOBIL CORP STOCK 224169 283158 310760 FEDERAL FARM CREDIT BANK BOND 393000 FEDERAL HOME LINE MORTGAGE CORP BOND 497619 497765 560110 FEDERAL HOME LINE MORTGAGE CORP NT 1008680 508680 560420 FEDERAL HOME LOAN BANK 999453 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1005273 FEDERAL NATIONAL MORTGAGE ASSOCIATION BOND 1505773 3612563 3905118 FEDERAL NATIONAL MORTGAGE ASSOCIATION MEDIUM TERM 497293 FEDEX CORPORATION STOCK 343312 372040 FHLB BOND 1510131 1506942 1601145 FREDDIE MAC BOND 504927 504927 525050 GAP INC STOCK 142694 GENERAL ELECTRIC CAP CORP 278743 278743 293914 GENERAL ELECTRIC COMPANY STOCK 108779 128030 GILEAD SCIENCES INC STOCK 225077 181200 GOLDMAND SACHS GROUP INC. BOND 273048 273048 297399 HARBOR INTERNATIONAL FUND 6117107 6117107 6956863 HEWLETT-PACKARD STOCK 197374 225884 252600 HOME DEPOT INC STOCK 197457 139381 210360 IBM CORP BOND 0 256658 256070 INTEL CORP STOCK 231668 136499 189270 JOHNSON & JOHNSON STOCK 214966 152639 185550 JPMORGAN CHASE & COMPANY STOCK 187896 186648 KELLOGG COMPANY STOCK 226363 KRAFT FOODS INC CLASS A STOCK 241763 313913 362365 L-3 COMMUNICATIONS HOLDINGS INC STOCK 146032 218059 211470 LAZARD EMERGING MARKETS PORTFOLIO 1500000 1500000 1472285 LOCKHEED MARTIN STOCK 223346 223346 228955 3-M COMPANY STOCK 202594 215750 MARATHON OIL CORP STOCK 211470 MEDCO HEALTH SOLUTIONS INC STOCK 93041 122540 MEDTRONIC INC BOND 0 255613 256545 MERCK & CO. BOND 269088 269505 302830 MERCK & COMPANY INC STOCK 103500 108120 MICROSOFT CORP BOND 255180 260245 MICROSOFT CORP STOCK 139123 140387 209325 NIKE INC CLASS B STOCK 224746 46102 85420 NOBLE CORP STOCK 212804 NYSE EURONEXT STOCK 221325 PFIZER INC STOCK 221246 221246 262650 PNC FINANCIAL SERVICES GROUP STOCK 217312 242880 PRAXAIR INC STOCK 159969 PROCTOR & GAMBLE CO STOCK 282857 282857 369898 ROSS STORES INC STOCK 0 159942 180263 ROYCE PREMIER FUND 581607 590853 712498 SEALED AIR CORP STOCK 319984 241009 330850 SELECTINVEST INSTITUTIONAL ARV 668669 446565 408353 SPDR S & P 500 ETF TRUST 0 999970 1061330 TEXAS INSTRUMENTS INC STOCK 229788 292500 T. ROWE PRICE MID-CAP GROWTH 972399 972399 1337003 T. ROWE PRICE MID-CAP VALVE 950813 TYCO INTERNATIONAL STOCK 178312 186480 U.S BANKCORP BOND 0 304533 308613 UNITED TECHNOLOGIES STOCK 196898 131265 204672 UNUM GROUP STOCK 111800 121100 VANGUARD BOND INDEX FUND INC 0 2499930 2527892 VERIZON COMMUNICATIONS STOCK 213310 283929 357800 WAL-MART STORES INC. BOND 277384 253545 248390 WELLS FARGO ADVANTAGE ULTRA SHORT TERM FUND 0 2500000 2526564 WELLS FARGO & CO 278377 WESTERN UNION COMPANY STOCK 108360 111420 WILMINGTON CRM MID-CAP VALUE FUND 0 1000000 1140867 MAINTENANCE 111846 0 0 111846 BOOKS & SUPPLIES 97996 0 0 97996 INSURANCE 82060 0 0 82060 UTILITIES 6316 0 0 6316 SECURITY 13183 0 0 13183 MISCELLANEOUS 24205 0 0 24205 LIBRARY AUTOMATION 7534 0 0 7534 EXEMPT PROPERTY EXPENSES 44567 0 0 44567 RENOVATIONS 26293 0 0 26293 COMPUTERIZATION - SUPPLY & MAINT 48309 0 0 48309 PROGRAM 7217 0 0 7217 FURNISHINGS AND EQUIPMENT 6560 0 0 6560 AUTO 12470 0 0 12470 COMMUNITY OUTREACH 6170 0 0 6170 LIBRARY INCOME 26633 26633 CLASS ACTION SETTLEMENTS 19458 19458 0 TRUST INCOME 3372 3372 0 INVESTMENT FEES 18000 18000 0 0 OTHER 2495 0 0 2495 REAL ESTATE 21202 0 0 21202 EXCISE TAX 23134 0 0 0