MARILYN M WATKINS CHARITABLEPRIVATE FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MARILYN M WATKINS CHARITABLEPRIVATE FOUNDATION (EIN 20-7017740)
Tax period: 2012-08-01 to 2013-07-31
Filed: 2013-10-05
IRS object ID: 201323069349100002
Schema version: 2012v2.1
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
Investments Corp Stock Schedule
Other Income Schedule2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-10-05T13:07:11-04:00	Timestamp
Tax Period End Date	2013-07-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LILY AMBROSIO-YLEN EA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	36705 TULANE DR	AddressLine1
City	Sterling Heights	City
State	MI	State
ZIP Code	48312	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-08-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	207017740	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MARILYN MCGERVEY WATKINS TRUST	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MARI	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 75000 MC 7874	AddressLine1
City	Detroit	City
State	MI	State
ZIP Code	482757874	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	COMERICA BANK	Name
Title	TRUSTEE	Title
Phone	8774051091	Phone
Date Signed	2013-10-31	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LILY AMBROSIO-YLEN	Name
PTIN	P00016986	PTIN
Phone	5869397756	Phone
Date Prepared	2013-10-05	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	545609	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	1	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	1	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	26781	DividendsRevAndExpnss
Dividends Net Invst Incm	26781	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	-7238	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	9243	GrossSalesPrice
Other Income Rev And Expnss	111	OtherIncomeRevAndExpnss
Total Revenue And Expenses	19655	TotalRevenueAndExpenses
Total Net Investment Income	26782	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	3636	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	3636	CompOfcrDirTrstNetInvstIncm
Tot Opr Expenses Rev And Expnss	3636	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	3636	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	32500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	32500	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	36136	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	3636	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	32500	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-16481	ExcessOfRevenueOverExpenses
Net Investment Income	23146	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	7384	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	4141	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	4141	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	534777	InvestmentsCorpStockBOY
Investments Corp Stock EOY	521539	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	541468	InvestmentsCorpStockEOYFMV
Total Assets BOY	542161	TotalAssetsBOY
Total Assets EOY	525680	TotalAssetsEOY
Total Assets EOYFMV	545609	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	697231	CapitalStockBOY
Capital Stock EOY	697231	CapitalStockEOY
Retained Earnings BOY	-155070	RetainedEarningsBOY
Retained Earnings EOY	-171551	RetainedEarningsEOY
Total Net Assets BOY	542161	TotalNetAssetsBOY
Total Net Assets EOY	525680	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	542161	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	525680	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	542161	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-16481	ExcessOfRevenueOverExpenses
Subtotal	525680	Subtotal
Total Net Assets Fund Balances EOY	525680	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
PUBLICLY HELD SECURITIES	P	2011-05-02	2013-07-31	9243	8894	349	349
COMMON TRUST FUND ALLOCATION	P	2011-11-30	2013-07-31		7587	-7587	-7587

Field	Value	IRS element (for citing)
Capital Gain Net Income	-7238	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	39675	QualifyingDistributionsYear1
Noncharitable Assets Year1	536154	NoncharitableAssetsYear1
Distribution Ratio Year1	0.073999	DistributionRatioYear1
Qualifying Distributions Year2	29300	QualifyingDistributionsYear2
Noncharitable Assets Year2	573433	NoncharitableAssetsYear2
Distribution Ratio Year2	0.051096	DistributionRatioYear2
Qualifying Distributions Year3	23631	QualifyingDistributionsYear3
Noncharitable Assets Year3	550550	NoncharitableAssetsYear3
Distribution Ratio Year3	0.042923	DistributionRatioYear3
Qualifying Distributions Year4	31563	QualifyingDistributionsYear4
Noncharitable Assets Year4	548720	NoncharitableAssetsYear4
Distribution Ratio Year4	0.057521	DistributionRatioYear4
Qualifying Distributions Year5	36793	QualifyingDistributionsYear5
Noncharitable Assets Year5	728776	NoncharitableAssetsYear5
Distribution Ratio Year5	0.050486	DistributionRatioYear5
Total Distribution Ratio	0.276025	TotalDistributionRatio
Average Distribution Ratio	0.055205	AverageDistributionRatio
Net Noncharitable Assets	552239	NetNoncharitableAssets
Adjusted Noncharitable Assets	30486	AdjustedNoncharitableAssets
One Percent Net Investment Income	231	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	30717	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	32500	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	231	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	231	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	231	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	228	EstTaxPaymentsAndOverpayment
Total Credits And Payments	228	TotalCreditsAndPayments
Tax Due	3	TaxDue

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	true	ComplyWithPublicInspectionRqr
Books In Care Of Person Name	COMERICA BANK	BooksInCareOfPersonName
Books In Care Of Phone Number	8774051091	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 75000 MC 7874	AddressLine1
City	Detroit	City
State	MI	State
ZIP Code	482757874	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	true	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
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
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

Field	Value	IRS element (for citing)
Person Name	COMERICA BANK	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 75000 MC 7874	AddressLine1
City	Detroit	City
State	MI	State
ZIP Code	482757874	ZIPCode

Field	Value	IRS element (for citing)
Title	TRUSTEE	Title
Avg Hours Per Wk Devoted To Position	1.00	AvgHoursPerWkDevotedToPosition
Compensation	3636	Compensation
Contri To Empl Benefit Plans Etc	0	ContriToEmplBenefitPlansEtc
Expense Account Other Allowances	0	ExpenseAccountOtherAllowances

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

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	560649	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	560649	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	560649	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	8410	CashDeemedCharitable
Net Noncharitable Assets	552239	NetNoncharitableAssets
Minimum Investment Return	27612	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	27612	MinimumInvestmentReturn
Tax Based On Investment Income	231	TaxBasedOnInvestmentIncome
Total Tax	231	TotalTax
Distributable Amount Before Adj	27381	DistributableAmountBeforeAdj
Distributable Amount Before Ded	27381	DistributableAmountBeforeDed
Distributable Amount As Adjusted	27381	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	32500	ExpensesAndContributions
Qualifying Distributions	32500	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	231	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	32269	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	27381	DistributableAmountAsAdjusted
Undistributed Income Prior Year	7145	UndistributedIncomePriorYear
Qualifying Distributions	32500	QualifyingDistributions
Applied To Year1	7145	AppliedToYear1
Applied To Current Year	25355	AppliedToCurrentYear
Undistributed Income CY	2026	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager
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 RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ST PAULS EPISCOPAL CHURCH
33 W DIXON AVE	Dayton	OH	45419	NONE	CHURCH	GENERAL CHARITABLE PURPOSE	$6,500
INDIANAPOLIS MUSEUM OF ARTS
4000 MICHIGAN RD	Indianapolis	IN	46208	NONE	EXEMPT	GENERAL CHARITABLE PURPOSE	$6,500
VERO BEACH MUSEUM OF ARTS INC
3001 RIVERSIDE PARK DR	Vero Beach	FL	32963	NONE	EXEMPT	GENERAL CHARITABLE PURPOSE	$6,500
HIGHLANDS-CASHIERS HOSPITAL
PO BOX 742	Highlands	NC	28741	NONE	EXEMPT	GENERAL CHARITABLE PURPOSE	$6,500
THE DAYTON ART INSTITUTE
456 BELMONTE PARK NORTH	Dayton	OH	45405	NONE	EXEMPT	GENERAL CHARITABLE PURPOSE	$6,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	32500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$1	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$26,781	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$349	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$27,131	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	27131	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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	MUTUAL FDS AND CORPORATE STKS	NameOfStock
EOY Book Value	521539	EOYBookValue
EOYFMV	541468	EOYFMV

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	EXCISE TAX REFUND	Description
Revenue And Expenses Per Books	111	RevenueAndExpensesPerBooks
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome