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    <Timestamp>2009-10-15T15:15:33+05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>206770176</EIN>
      <Name>
        <BusinessNameLine1>SCHMUTZ CHARLES &amp; ALICE CHAR FDN 450042015</BusinessNameLine1>
      </Name>
      <NameControl>SCHM</NameControl>
      <Phone>3307437000</Phone>
      <USAddress>
        <AddressLine1>C/O FARMERS TRUST CO PO BOX 172</AddressLine1>
        <City>YOUNGSTOWN</City>
        <State>OH</State>
        <ZIPCode>44501</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>FARMERS TRUST CO TTEE</Name>
      <Title>ASST TR OFFICER</Title>
      <Phone>3307437000</Phone>
      <DateSigned>2011-05-04</DateSigned>
    </Officer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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        <AccountsReceivableEOYFMV>0</AccountsReceivableEOYFMV>
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      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>.727 SIMON PROPERTY GROUP INC</DescriptionOfAsset>
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          <DateSold>2010-01-06</DateSold>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>17.209 NEW WORLD FUND F1</DescriptionOfAsset>
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          <GainsMinusExcessOrLosses>-231</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>10000. FEDERAL HOME LOAN MORTGAGE CORP 5.000% 09/01/10</DescriptionOfAsset>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2786.94 OHIO MUNI TAX FREE SVC SHS #174</DescriptionOfAsset>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>11207.62 OHIO MUNI TAX FREE SVC SHS #174</DescriptionOfAsset>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CAPITAL GAIN DIVIDENDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>NONE</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>FARMERS TRUST COMPANY</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>3307437000</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>CITY CENTRE ONE</AddressLine1>
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        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
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        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
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          <BusinessName>
            <BusinessNameLine1>FARMERS TRUST COMPANY</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>PO BOX 1728</AddressLine1>
            <City>YOUNGSTOWN</City>
            <State>OH</State>
            <ZIPCode>44501</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>C REID SCHMUTZ</PersonName>
          <USAddress>
            <AddressLine1>1040 WESTPORT DRIVE</AddressLine1>
            <City>YOUNGSTOWN</City>
            <State>OH</State>
            <ZIPCode>44512</ZIPCode>
          </USAddress>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JUDITH S SCHMUTZ</PersonName>
          <USAddress>
            <AddressLine1>1040 WESTPORT DRIVE</AddressLine1>
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            <ZIPCode>44512</ZIPCode>
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          <Title>ADVISORY COMMITTEE</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JAMES H SISEK</PersonName>
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            <AddressLine1>PO BOX 1728</AddressLine1>
            <City>YOUNGSTOWN</City>
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            <ZIPCode>44501</ZIPCode>
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          <Title>ADVISORY COMMITTEE</Title>
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        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
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        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
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        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
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        <ExcessDistriCyovToNextYear>0</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>0</ExcessFromYear4>
        <ExcessFromYear3>0</ExcessFromYear3>
        <ExcessFromYear2>0</ExcessFromYear2>
        <ExcessFromYear1>0</ExcessFromYear1>
        <ExcessFromCurrentYear>0</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>FARMERS TRUST COMPANY</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 1728</AddressLine1>
            <City>YOUNGSTOWN</City>
            <State>OH</State>
            <ZIPCode>44501</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>3307437000</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>WRITTEN APPLICATION STATING PURPOSE OF GRANT INTENDED.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE.</SubmissionDeadlines>
          <RestrictionsOnAwards>LIMITED TO RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF THOSE TERMS AS USED IN SECTION 501(C)3 OF THE INTERNAL REVENUE SERVICE CODE.</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YOUNGSTOWN HEARING &amp; SPEECH</BusinessNameLine1>
            <BusinessNameLine2>CENTER</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6614 SOUTHERN BLVD</AddressLine1>
            <City>YOUNGSTOWN</City>
            <State>OH</State>
            <ZIPCode>44512</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT PROGRAM</PurposeOfGrantOrContribution>
          <Amount>2191</Amount>
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      </SupplementaryInformation>
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        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst />
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>2120</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
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        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
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        </GainSalesAssetsOthThanInvntry>
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        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
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        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
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        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
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          <State>FL</State>
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        <AggregateContributions>23577</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
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        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
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          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>50327</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>3</ContributorNumber>
        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1301 N TAMIAMI TRAIL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>53550</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>4</ContributorNumber>
        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1301 N TAMIAMI TRAIL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>48230</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>5</ContributorNumber>
        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1301 N TAMIAMI TRAIL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>50550</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>6</ContributorNumber>
        <ContributorNameIndividual>ALICE B SCHMUTZ</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1301 N TAMIAMI TRAIL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>35261</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1200 SHS AMERCIAN EXPRESS CO.</NoncashPropertyDescription>
        <FairMarketValue>51432</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>2</ContributorNumberFromPartI>
        <NoncashPropertyDescription>950 SHS EMERSON ELECTRIC CO.</NoncashPropertyDescription>
        <FairMarketValue>54483</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>3</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1000 SHS ENTERGY CORP NEW</NoncashPropertyDescription>
        <FairMarketValue>71080</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>4</ContributorNumberFromPartI>
        <NoncashPropertyDescription>2000 SHS MARATHON OIL CORP.</NoncashPropertyDescription>
        <FairMarketValue>73840</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>5</ContributorNumberFromPartI>
        <NoncashPropertyDescription>725 SHS UNITED PARCEL SERVICE - CL B</NoncashPropertyDescription>
        <FairMarketValue>52693</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>6</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1900 SHS WAL MART STORES INC.</NoncashPropertyDescription>
        <FairMarketValue>102752</FairMarketValue>
        <DateReceived>2010-12-30</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule">
      <AccountingFees>
        <Category>TAX PREPARATION FEE (NON-ALLOC</Category>
        <Amount>1600</Amount>
        <NetInvestmentIncome>400</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1200</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule">
      <InvestmentsCorpBonds>
        <NameOfBond>10,000 FHLMC 5.000% 9/1/10</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>10,000 HERSHEY 4.850% 8/15/15</NameOfBond>
        <EOYBookValue>9956</EOYBookValue>
        <EOYFMV>10912</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule">
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        <NameOfStock>300 SHS EXXON MOBIL CORP</NameOfStock>
        <EOYBookValue>663</EOYBookValue>
        <EOYFMV>21936</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>280 SHS SIMON PROPERTY GR</NameOfStock>
        <EOYBookValue>14230</EOYBookValue>
        <EOYFMV>27857</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,200 SHS AMERICAN EXPRESS CO</NameOfStock>
        <EOYBookValue>23577</EOYBookValue>
        <EOYFMV>51504</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>950 SHS EMERSON ELEC CO</NameOfStock>
        <EOYBookValue>50327</EOYBookValue>
        <EOYFMV>54312</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 SHS ENTERGY CORP NEW</NameOfStock>
        <EOYBookValue>53550</EOYBookValue>
        <EOYFMV>70830</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS MARATHON OIL CORP</NameOfStock>
        <EOYBookValue>48230</EOYBookValue>
        <EOYFMV>74060</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>725 SHS UNITED PARCEL CL B</NameOfStock>
        <EOYBookValue>50550</EOYBookValue>
        <EOYFMV>52621</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,900 SHS WAL MART STORES INC</NameOfStock>
        <EOYBookValue>35261</EOYBookValue>
        <EOYFMV>102467</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2">
      <InvestmentsOther>
        <CategoryOrItem>56.599 SHS DODGE &amp; COX SK FD</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>8200</BookValue>
        <EOYFMV>6099</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>261.178 SHS GR FD OF AMERICA F</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>8200</BookValue>
        <EOYFMV>7898</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>155.119 SHS AMERICAN AMCAP F1</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>3000</BookValue>
        <EOYFMV>2908</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>21.000 SHS ISHARES MSCI EMERG</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1028</BookValue>
        <EOYFMV>1000</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>17.209 SHS NEW WORLD FUND F1</CategoryOrItem>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>45.901 SHS IVY ASSET STRATEGY</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>999</BookValue>
        <EOYFMV>1120</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpenses>
        <Description>STATE OF OHIO FILING FEE</Description>
        <RevenueAndExpensesPerBooks>50</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>50</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule">
      <OtherIncreases>
        <Description>ROUNDING</Description>
        <Amount>1</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <SubstantialContributorsSch documentId="SubstantialContributorsSch">
      <SubstantialContributor>
        <PersonName>ALICE B SCHMUTZ</PersonName>
        <USAddress>
          <AddressLine1>1301 N TAMIAMI TRAIL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34236</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FEDERAL TAX PAYMENT - PRIOR YE</Category>
        <Amount>29</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES ON QUALIFIED FOR</Category>
        <Amount>3</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>