AARON FORMAN TRUST: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: AARON FORMAN TRUST (EIN 74-6284810)
Tax period: 2010-11-01 to 2011-10-31
Filed: 2012-03-16
IRS object ID: 201220769349100202
Schema version: 2010v3.7
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
Accounting Fees Schedule
Compensation Explanation
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-16T10:37:24-05:00	Timestamp
Tax Period End Date	2011-10-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LYNCH & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3075	AddressLine1
City	TEXAS CITY	City
State	TX	State
ZIP Code	775923075	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-11-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	746284810	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	AARON FORMAN TRUST	BusinessNameLine1

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

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 179	AddressLine1
City	GALVESTON	City
State	TX	State
ZIP Code	77553	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	FROST NATIONAL BANK	Name
Title	FORMAN	Title
Date Signed	2012-03-05	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RACHEL OSTEEN	Name
Phone	4097634484	Phone
Date Prepared	2012-03-06	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	627402	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
Dividends Rev And Expnss	13337	DividendsRevAndExpnss
Dividends Net Invst Incm	13337	DividendsNetInvstIncm
Dividends Adj Net Incm	13337	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	3126	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	46917	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	1417	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	16463	TotalRevenueAndExpenses
Total Net Investment Income	14754	TotalNetInvestmentIncome
Total Adjusted Net Income	13337	TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss	5431	CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss	1300	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1300	AccountingFeesNetInvstIncm
Other Expenses Rev And Expnss	18	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	18	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	6749	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1318	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	30759	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	30759	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	37508	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1318	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	30759	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-21045	ExcessOfRevenueOverExpenses
Net Investment Income	13436	NetInvestmentIncome
Adjusted Net Income	13337	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	-17035	CashBOY
Cash EOY	5711	CashEOY
Cash EOYFMV	5711	CashEOYFMV
Prepaid Expenses BOY	1103	PrepaidExpensesBOY
Prepaid Expenses EOY	1103	PrepaidExpensesEOY
Prepaid Expenses EOYFMV	1103	PrepaidExpensesEOYFMV
Investments Corp Stock BOY	629053	InvestmentsCorpStockBOY
Investments Corp Stock EOY	585262	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	620588	InvestmentsCorpStockEOYFMV
Total Assets BOY	613121	TotalAssetsBOY
Total Assets EOY	592076	TotalAssetsEOY
Total Assets EOYFMV	627402	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	613121	RetainedEarningsBOY
Retained Earnings EOY	592076	RetainedEarningsEOY
Total Net Assets BOY	613121	TotalNetAssetsBOY
Total Net Assets EOY	592076	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	613121	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	592076	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	613121	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-21045	ExcessOfRevenueOverExpenses
Subtotal	592076	Subtotal
Total Net Assets Fund Balances EOY	592076	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	1417	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	27426	QualifyingDistributionsYear1
Noncharitable Assets Year1	618435	NoncharitableAssetsYear1
Distribution Ratio Year1	0.044347	DistributionRatioYear1
Qualifying Distributions Year2	37852	QualifyingDistributionsYear2
Noncharitable Assets Year2	552526	NoncharitableAssetsYear2
Distribution Ratio Year2	0.068507	DistributionRatioYear2
Qualifying Distributions Year3	44843	QualifyingDistributionsYear3
Noncharitable Assets Year3	778478	NoncharitableAssetsYear3
Distribution Ratio Year3	0.057603	DistributionRatioYear3
Qualifying Distributions Year4	42302	QualifyingDistributionsYear4
Noncharitable Assets Year4	910564	NoncharitableAssetsYear4
Distribution Ratio Year4	0.046457	DistributionRatioYear4
Qualifying Distributions Year5	40000	QualifyingDistributionsYear5
Noncharitable Assets Year5	847281	NoncharitableAssetsYear5
Distribution Ratio Year5	0.047210	DistributionRatioYear5
Total Distribution Ratio	0.264124	TotalDistributionRatio
Average Distribution Ratio	0.052825	AverageDistributionRatio
Net Noncharitable Assets	657813	NetNoncharitableAssets
Adjusted Noncharitable Assets	34749	AdjustedNoncharitableAssets
One Percent Net Investment Income	134	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	34883	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	30759	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	269	InvestmentIncomeExciseTax
Subtotal	269	Subtotal
Tax Based On Investment Income	269	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	480	EstTaxPaymentsAndOverpayment
Total Credits And Payments	480	TotalCreditsAndPayments
Overpayment	211	Overpayment
Amount Credited To Next Year	211	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	TX	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
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	FROST NATIONAL BANK TRUST DEPT	BooksInCareOfPersonName
Books In Care Of Phone Number	4097631151	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	2201 MARKET STREET	AddressLine1
City	GALVESTON	City
State	TX	State
ZIP Code	77553	ZIPCode

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
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
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

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
FROST NATIONAL BANK
2201 MARKET STREET	GALVESTON	TX	77553	TRUSTEE	10.00	5431	0	0
DORIS PRYZANT
C/O FROST 2201 MARKET STREET	GALVESTON	TX	77553	TRUSTEE	5.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	THIS YEAR THE ORGANIZATION MADE TWO CHARITABLE DONATIONS DURING THE YEAR. THERE WERE NO OTHER ACTIVITIES.	Description1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	667571	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	259	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	667830	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	667830	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	10017	CashDeemedCharitable
Net Noncharitable Assets	657813	NetNoncharitableAssets
Minimum Investment Return	32891	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	32891	MinimumInvestmentReturn
Tax Based On Investment Income	269	TaxBasedOnInvestmentIncome
Total Tax	269	TotalTax
Distributable Amount Before Adj	32622	DistributableAmountBeforeAdj
Distributable Amount Before Ded	32622	DistributableAmountBeforeDed
Distributable Amount As Adjusted	32622	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	30759	ExpensesAndContributions
Qualifying Distributions	30759	QualifyingDistributions
Adj Qualifying Distributions	30759	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	32622	DistributableAmountAsAdjusted
Undistributed Income Prior Year	30759	UndistributedIncomePriorYear
Qualifying Distributions	30759	QualifyingDistributions
Applied To Year1	30759	AppliedToYear1
Undistributed Income CY	32622	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	HILLEL FOUNDATION OF HOUS	RecipientPersonName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2105 SAN ANTONIO STREET	AddressLine1
City	AUSTIN	City
State	TX	State
ZIP Code	78705	ZIPCode

Field	Value	IRS element (for citing)
Purpose Of Grant Or Contribution	CHARITABLE CONTRIBUTION	PurposeOfGrantOrContribution
Amount	$30,759	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	30759	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$13,337	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$1,417	ExclusionAmount
Related Or Exempt Function Income	1709	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$14,754	ExclusionAmount
Related Or Exempt Function Income	1709	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	16463	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Amount	$1,300	Amount
Net Investment Income	1300	NetInvestmentIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

FROST NATIONAL BANK
DORIS PRYZANT

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (2 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
1642.13 UTS FROST KEMPNER	2009-12	PURCHASE	2010-12	14500	13607	893
3642.773 UTS FROST KEMPNER	2009-12	PURCHASE	2011-10	31000	30184	816

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	FROST -INVESTMENTS	NameOfStock
EOY Book Value	585262	EOYBookValue
EOYFMV	620588	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
EXPENSES
ROYALTY FEE	18	18