Document 4053

I 4/22/2010 4134 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Return
of4947(a)(1)
PrivateNonexempt
Foundation
OMBN5
Form
or Section
Charitable
Trust
1545-0052
De
anmemonhe new Treated as a Private Foundation
P VY
lniemal Revenue Service (77 Note The foundation may be able to use a copy of this return to satisfy state reporting requirements
For calendar year 2009, or tax year beginning , and ending
G Check all that apply lj Initial return lj Initial return of a former public charity III Final return
Cl Amended return Address change lj Name change
Use the IRS Name of fgundahon A Employer identification number
label- EDWARD Low MEMORIAL TRUST 82-6062075
print
-xr
otherwise*
and street
(or P O boxBANK
number if mail
to street
address)MAC
I Room/suite
B Telephone number
(see page 10 of the instructions)
or typeNumber
WELLS
FARGO
N Ais not
- Pdelivered
O BOX
53456,
54101-22G
(800)352-3705
See Specific CIW Of 10W". 51319- and ZIP C0136 C If exemption application is pending. check here P EI
IFISUUCUOFIS- PHOENIX AZ 85072 D 1 Foreign organizations, check here P CI
H Check type of organization Section 501(c)(3) exempt private foundation 2 Formgn Q,gan,Za(,0n5 meeting me 55% iesi,
Cl Section 4947(a)(1) nonexempt charitable trust III Other taxable private foundation cheek here and aiieeh computation b lj
E If private foundation status was terminated
I Fair market value of all assets at end J Accounting method Cash If-I Accrual under eeeiion so7(b)i1)iA), cheek here p II)
Of year (fl"OlTI P5" //, C0/ (C), CI Othel" (SDBCITY) - - - - - - - - - - - - - - - - U- u F llthe foundation is in a 60-month termination
line 16) p $ 535,015 (Part I, column (d) must be on cash basis ) """" " under eeeiion 5o7(b)i1)(e), cheek here v CI
Analysis
of Revenue and Expenses (The ioieier
(3) Revenue
and ld) Disbursements
amounts in columns (b), (c), and (d) may not necessarilypequal
ex enses ef Ib) Nei lT1COlTl9
Investment (C) Adjusted
net for Chamame
p
ITlC0lT18
PUFPDSES
the amounts In column (a) (see page 11 ol the /nstructi ons) ) books
(cash basis only)
Contributions, gifts, grants, etc , received (attach schedule)
Check P if the foundation is not required to attach Sch B
Interest on savings and temporary cash investments 0
4 Dividends and interest from securities
5 a Gross rents
18,921
O
18,918
0
0
b Net rental income or (loss)
6 a Net gain or (loss) from sale of assets not on line 10 -30,856
b Gross sales price for all assets on line 6a 136,046
7 Capital gain net income (from Part IV, line 2)
8 Net short-term capital gain
9 Income modifications
0
%O
D0
18,918
10 3 Gross sales less returns and allowances
b Less Cost of goods sold NEW
c Gross profit or (loss) (attagh sche e
0
0
11 Other income (attach sc //edu ICU Q* 0
12 Toiei Arii1irriee1 ihro I (QNX gfu/EIU -11,935
0
13 Compensation of offic riiyltg trustees, etc ­
14
Otheremployee salar s dwaggsl @U
15 Pension plans, empl ee ben
16 a Legal fees (attach s edule
b Accounting fees (attach sche
c Other professional fees (attach schedule
17 Interest
18 Taxes (attach schedule) (see page 14 of the instructions)
19 Depreciation (attach schedule) and depletion
0
0
0
0
0
0
0
0
45
45
0
O
O
1,741
1,306
435
1,786
36,000
1,351
435
36,000
36,435
20 Occupancy
21 Travel, conferences, and meetings
22 Printing and publications
23 Other expenses (attach schedule)
24 Total operating and administrative expenses
Add lines 13 through 23
25 Contributions, gifts, grants paid
25 37,786
ts -49,721
b Net investment income (if negative, enter -O-) 17,567
26 Total expenses and disbursements.Add lines 24 and
1,351
27 Subtract line 26 from line 12
3 Excess of revenue over expenses and disbursemen
c Adjusted net income (if negative, enter -O-)
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions
Perm 990-PF (2009)
(HTA)
IHI
I 4/22/2010 4 34351 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
FONT* 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 2
X1
End of year
(b) Book Value (c) Fair Market Value
0
Part " Balance Sheets Attached
schedules
amounts
in the only
descnption
column Beginning
Year
should
be for -and
end-of
year amounts
(See instructions
) (3) BookOf
value
Cash-non-interest-bearing
2 Savings and temporary cash investments
16,325
3 Accounts receivable P - - - - - - - - - - - - - - . - - - - - - - - - - - - - - - - - -U
Less allowance for doubtful accounts P - - - - - - U - - - - - - - -- ­
4 Pledges receivable P - - - - . - . - - - - - - - - - - - - - - - - - - - - - - - - -U
Less allowance for doubtful accounts P - - - - - - - - - - - - - - - -- ­
17,196 17,196
0
O
0
0
0
0
O
O
0
5 Grants receivable
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)
7 Other notes and loans receivable (attach schedule) P - - - - - - - - - - - - -I -0
0
0
Less allowance for doubtful accounts R - - - - - - - - - - - - - - - - - - - - I - -- -Q
8 Inventories for sale or use
9 Prepaid expenses and deferred charges
0
10 B Investments-U S and state government obligations (attach schedule)
0
0
b Investments-corporate stock (attach schedule)
c Investments-corporate bonds (attach schedule)
11 Investments-land, buildings, and equipment basis P - - - - - - - - - -I -Q
362,442
290,554
287,678
314,950
292,164
326,656
Less accumulated depreciation (attach schedule) P - - - - - - . . . - - - -- -Q
0
0
0
13 Investments-other (attach schedule)
14 Land, buildings, and equipment basis P , - - - - - - - - U - - - - - -"Q
0
0
0
Less accumulated depreciation (attach schedule) P - - - - - - . . U . . - .- -Q
0
0
0
0
0
0
669,321
619,624
636,016
12
Investments-mortgage loans
15 Other assets (describe P - - - - - - - - - - - - - - - - - - - - - - - - . - - - -- - )
16 Total assets (to be completed by all filers-see the ­
instructions Also, see page 1, item l)
0
17 Accounts payable and accrued expenses
in
an
E
3
.E
-I
18 Grants payable
19 Deferred revenue .
20 Loans from officers, directors, trustees, and other disqualined persons
21 Mortgages and other notes payable (attach schedule)
22 Otherliabilities (describe P - - . - . - - - . - - - - - - - - - - - - - - - - - - - - -U)
23 Total liabilities (add lines 17 through 22)
Foundations that follow SFAS 117, check here P U
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted
25
26
Temporarily restricted
Permanently restricted
Foundations that do not foiiow SFAS 117, check here b I1()
and complete lines 27 through 31.
27 Capital stock, trust pnncipal, or current funds
28 Paid-in or capital surplus, or land, bldg , and equipment fund
29 Retained earnings, accumulated income, endowment, or other funds
30 Total net assets or fund balances (see page 17 of the
instructions)
31 Total liabilities and net assetslfund balances(see page 17
of the instructions)
669,321 619,824
669,321 619,824
669,321 619,824
E Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year-Part ll, column (a), line 30 (must agree with
end-of-year figure reported on prior year"s return)
Enter amount from Part I, line 27a
Other increases not included in line 2 (itemize) P -S-ee-Atta-C-h-ec-I -S-t-at-ten-teri-t - - - - - - - - - - - - -U
dd lines 1, 2, and 3 . .
Decreases not included in line 2 (itemize)P - I - - - - - - - - - - - - - - - - - - - - - - - - - - . - I - I I - - - - - - - . -- ­
Total net assets or fund balances at end of year (line 4 minus line 5)-Part Il, column (b), line 30
669,321
-49,721
224
619,824
0
619,824
Form 990­ PF (zoos)
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I FUN" 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 3
Part IV Capital Gains and Losses for Tax on Investment Income
H
(a) List and descnbe the kind(s) of property sold (e g , real estate, (Ig-ngzlfgsggzd (c) Date acquired (d) Date sold
2-story brick warehouse, or common stock, 200 shs MLC Co ) D*DonatIon (mo , day, yr) (mo , day, yr)
51a See Attached Statement
0b
YC
(e) Gross sales price
(f) Depreciation allowed (g) Cost or other basis
(h) Gain or (loss)
(e) plus (I) minus (g)
(or allowable) plus expense of sale
0
0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(I) F M V as 0112/31/69
(I) Gains (Col (h) gain minus
col (k), but not less than -0-) or
Losses (from col (h))
(1) Adjusted basis (k) Excess of col (i)
as of 12/31/69 over col (1), if any
If (loss), enter -0- in Part l, line 7 2 -30,856
2 Capital gain net income or (net capital loss) I If gain, also enter in Part I, line 7 )
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the
instructions) If (loss), enter -0- in Part I, line 8
I3
(H) (dl
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )
If section 4940(d)(2) applies, leave this part blank
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? lj Yes No
If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part
1 Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries
Base penod years Ib) ICI Distnbution ratio
Calendar year (or tax year beqinnin, in (col (Q) divided by col QD
I 2008
2007
2006
2005
2004
Adjusted qualifying distnbutions Net value of nonchantable-use assets
44,323
38,715
37,092
37,452
39,019
671,937
745,718
720,307
710,939
719,992
0 065963
0 051916
0 051495
0 052680
0 054194
2 Total of line 1, column (d)
3 Average distribution ratio for the 5-year base period-divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years
2
0 276248
3
0 055250
4 Enter the net value of nonchantable-use assets for 2009 from Part X, line 5
4
586,710
5 Multiply line 4 byline 3 .
5
32,416
6 Enter 1% of net investment income (1% of Part I, line 27b)
6
176
7 Add lines 5 and 6
7
32,592
8
36,435
8 Enter qualifying distributions from Part XII, line 4
lf line 8 is equal to or greater than line 7, check the box in Part Vl, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18
Form 990 -PF (2009)
4/22/2010 4.34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Form 99fPPF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 4
Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948-see page 18 of the instructions)
1 a Exempt operating foundations described in section 4940(d)(2), check here P lj and enter "N/A" on line 1
Date Of ruling Of determination Ietter - - - . - . - - - - - - - - -- - (attach copy of letter if necessary-see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 176
here b and enter 1% of Part I, line 27b
c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4%
of Part I, line 12, col (b)
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)
Add lines 1 and 2
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)
*-.?-Ol.
Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter -0- .
Credits/Payments
a 2009 estimated tax payments and 2008 overpayment credited to 2009
b Exempt foreign organizations-tax withheld at source
c Tax paid with application for extension of time to file (Form 8868)
d Backup withholding erroneously withheld
Total credits and payments Add lines 6a through 6d
Enter any penalty for underpayment of estimated tax Check here III if Form 2220 is attached i
Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed
176
...E91
0
10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid P 110
11 Enter the amount of line 10 to be Credited to 2010 estimated tax P 110I Refunded P 0
Part VII-A Statements Regarding Activities
1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes N0
participate or intervene in any political campaign? -L
instructions for definition)? ll X
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of the
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distnbuted by the foundation in connection with the activities
c Did the foundation file Form 1120-POL for this year?
d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year
(1) On the foundation P $ (2) On foundation managers P $
e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
2X
on foundation managers P $
2 Has the foundation engaged in any activities that have not previously been reported to the IRS?
If "Yes, " attach a detailed description of the activities
3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy ofthe changes L X
4 a Did the foundation have unrelated business gross income of $1 ,000 or more during the year? 4a X
b If "Yes," has it filed a tax return on Form 990-T for this year? i N/A
5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X
If "Yes, " attach the statement required by General Instruction T
6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either
0 By language in the governing instrument, or
0 By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? 6 X
7 Did the foundation have at least $5,000 in assets at any time during the year?If "Yes," complete Part ll, col (c), and Part XV 7 X
8 a Enter the states to which the foundation reports or with which it is registered (see page 19 of the
instructions) P -IQ - - . - - - - - - - - - g g - I - . . - - - - - - - - - . - - - - - - - - - - I - I - - - - - - - - - - - - - . . - - - - - - - - - - . , v - - - - - - - - - I - - . - - .- ­
b lf the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No, " attach explanation 8b X
9 ls the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2009 or the taxable year beginning in 2009 (see instructions for Part XIV on page 27)?
If "Yes, " complete Part X/V 9 X
their names and addresses 10 X
10 Did any persons become substantial contributors during the tax year? If "Yes, " attach a schedule listing
Form 990-PF (2009)
" 4/22/2010 423451 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
" F0fm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 5
I11
Part VII-A Statements Regarding Activities (continued)
At any time dunng the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)"? If "Yes," attach schedule (see page 20 of the instructions) .
12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before
August 17, 20089 .
13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
Website address P N/A
14 The books in we of * .wE.L.L.s .EARQQ .EieNis.N,A..,....---. ........ ,. Telephone no v [email protected] ........... ,,
Located at P -PQ Q-BQZ(-5351-56,-MAQ 5511-Q1--22Q P,ljlQEN-l)(- AZ ---------------------- - - ZlP+4 P -8-50?-2 ------------------- - ­
15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041-Check here p E
and enter the amount of tax-exempt interest received or accrued dunng the year P I 15 (N/A
Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required
Yes No
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
1a
During the year did the foundation (either directly or indirectly) ­
(1) Engage in the sale or exchange, or leasing of property with a disqualified person?
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person"7
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)9
(6) Agree to pay money or property to a government official"7 (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days )
lj Yes i No
lj Yes LNO
I-il Yes A No
Yes
No
lj Yes
X No
EI Yes X No
b If any answer is "Yes" to 1a(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53 4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)"7
Organizations relying on a current notice regarding disaster assistance check here
c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
- 1b x
,ic
that were not corrected before the first day of the tax year beginning in 20097 15 X
2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5))
a At the end of tax year 2009, did the foundation have any undistributed income (lines 6d
and 6e, Part Xlll) for tax year(s) beginning before 20097 EI Yes
No
if "Yes," its: the years P 20 ,,,, - - , 20 ---- - n , 20 ---- U , 20 ---- - g
b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year"s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement-see page 20 of the instructions )
C If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here
3a
2b N/A
P 20 ---- 20 ------ -,,2o ---- 0,20 ---- U
Did the foundation hold more than a 2% direct or indirect interest in any business
enterpnse at any time during the year? lj yes No
b If "Yes," did it have excess business holdings in 2009 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved
bythe Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2009) 3b N/A
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X
b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable
purpose that had not been removed from jeopardy before the lirst day of the tax year beginning in 20097
4b X
Form 990-PF (2009)
" 4/22/2010 4134 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
" Fvfm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 6
Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a Dunng the year did the foundation pay or incur any amount to i
(1) Carry on propaganda, or otherwise attempt to influence legislation (section
(2) lntiuence the outcome of any specific public election (see section 4955), or to carry
4945(e))? III Yes L No
on, directly or indirectly, any voter registration drive? lj Yes Y N0
(3) Provide a grant to an individual for travel, study, or other similar
(4) Provide a grant to an organization other than a charitable, etc , organization described
purposes? EI Yes L No
in section 509(a)(1), (2), or (3), or section 494O(d)(2)? (see page 22 of the instructions) El yes X No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? El yes 7 No
b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53 4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)? i 5b N/A
Organizations relying on a current notice regarding disaster assistance check here P 1
c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the 1
tax because it maintained expenditure responsibility for the grant? CI Yes 1 No
If Yes, attach the statement required by Regulations section 53 4945-5(d)
Ga Did the foundation, during the year, receive any funds, directly or indirectly, to pay 1
premiums on a personal benefit contract? Cl Yes X No
b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
6b X
If "Yes" to 6b, file Form 8870
7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? VI Yes
7b
b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction?
Part VIII information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(b) Title, and average (c) Compensation (d) Contributions to (9) Expense account.
(a) Name and address hours per
weekto(Ifposition
not paid,
employee
benefit plans
devoted
-0-)enter
and deferred
compensation
oi herana
wances
.V.V.E.LL.S. FABQQ BANK .N A ................. .. TRUSTEE
00
0
O
00 0 0
P O. BOX 53456, MAC 54101-22G PHOENIX 8 4 00 1,741
0
0
00 0
0
0
2 Compensation of five highest-paid employees (other than those included on line 1-see page 23 of the instructions).
If none, enter "NONE,"
(b) Title and average Io b m E m
(d) Contributions to
(a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation emp Yee ene Ie) xpense
accou "
other allowances
devoted to position mans andcompensation
ddened
.N999 ......................................... - ­
Total number of other employees paid over $50,000
PI0
Form 990-PF (zoos)
4/22/2010 4 3451 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
F0"" 99fPPF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 7
Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see page 23 of the instructions) If none, enter "NONE,"
(a) Name and address ol each person paid more than $50,000 (b) Type of service (c) Compensation
.NQNE ......................................................... - ­
0
0
0
O
0
Total number of others receiving over $50,000 for professional services P I
O
Part IX-A Summary of Direct Charitable Activities
List the foundationls four largest direct charitable activities during the tax year Include relevant statistical information such as Ex enses
the number ol organizations and other beneliciaries served, conferences convened, research papers produced, etc p
1 NONE
2 - - - - - - - - - - - - - - --"nn"----"H------------un - - . - - - - - - - - - - - - - - - - - * , - . U - - - - - - - ---"U - - - - - --­
3 . - - - - - - - - - - - - - - - - - - - - - - - - . - - - - - - - - - - - - - - - - - - - - - - A , - - - . , U - - - U - - - - - - - - - - - - - - - - - - - - - I - - - - - U - - - - - - - - - - -H
4 -------------------------------------------------------------- un --------------------- --nu ------ -­
Part IX-B Summary of Program-Related Investments (see page 24 of the instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount
1 NONE
2 - - - - - - - I . - - - - - - - - - - - - - - - - I - - - - - . I . - - - - - - - - - - - - - - - - - - - - - - - - . - , . - - - - - - - - - - - - - - - - - - - * - - - - . . . - - - - - - - - - --­
All other program-related investments See page 24 of the instructions
3 NONE
P0
0
Total. Add lines 1 through 3
Form 990-PF (2009)
4/22/2010 4:34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Form 990-PF (2009) EDWARD Low MEMORIAL Teusr B2­6062075 Page B
Minimum Investment Return (All domestic foundations must complete this part Foreign found atlons,
see page 24 of the Instructions.)
1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc
purposes
Average monthly fair market value of securities
Average of monthly cash balances
Fair market value of all other assets (see page 24 of the instructions)
Total (add lines 1a, b, and c)
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
Acquisition indebtedness applicable to line 1 assets
Subtract line 2 from line 1d
Cash deemed held for charitable activities Enter 1*/1 % of line 3 (for greater amount, see page 25
of the instructions)
1a 579,123
1b
,
1d 595,645
16 522
1c
il-2
4 8,935
za 176 1 .
2c 176
l1eI
2
3
4
5
6
Net value of noncharitable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4
Minimum investment return. Enter 5% of line 5
3 595,645
65 586,710
29,336
Part XI Distributable Amount (see page 25 of the Instructlons) (Section 4942(j)(3) and (j)(5) prIvate o peratlng
foundations and certain foreign organizations check here P III and do not complete this part )
1 Minimum investment return from Part X, line 6
23 Tax on investment income for 2009 from Part VI, line 5
b Income tax for 2009 (This does not include the tax from Part VI )
c Add Itnes 2a and 2b
29 336
EU
Distributable amount before adjustments Subtract line 2c from line 1
Recoveries of amounts treated as qualifying distributions
Add lines 3 and 4
Deduction from distributable amount (see page 25 of the instructions)
Distributable amount as adjusted Subtract Iirie 6 from line 5 Enter here and on Part XIII,
lIne 1
29,160
29,160
7 29,160
Part XII Qualifying Distributions (see page 25 of the instructions)
1 Amounts paid (including administrative expenses) to accomplish charitable, etc , purposes
a Expenses, contributions, gifts, etc -total from Part I, column (d), line 26
b Program-related investments-total from Part IX-B
2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc ,
purposes
3 Amounts set aside for speciGc charitable projects that satisfy the
a Suitability test (prior IRS approval required)
b Cash distribution test (attach the required schedule)
4 Qualifying distributions. Add lines 1a through 3b Enter here and on Part V, line 8, and P art XIII, line 4
5
6
1a 36,435
*Ib
0
211-..­
3b
0
4 36,435
3a
5 176
Foundations that qualify under section 4940(e) for the reduced rate of tax on net Investmen t
income Enter 1% of Part I, line 27b (see page 26 of the instructions)
Adjusted qualifying distributions Subtract line 5 from line 4
Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foun dation
qualifies for the section 4940(e) reduction of tax in those years
6 36,259
Form 990-PF (2009)
4/22/2010 4:34251 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
82-6062075 Page 9
F0fm 990-PF (2009) EDWARD LOW MEMORIAL TRUST
(2) tb)
Part XIII Undistributed Income (see page 26 of the instructions)
Distnbutable amount for 2009 from Part Xl,
line 7
1
Corpus Years pnor to 2008
td)
2009
(C)
zoos
29,160
2
Undistributed income, if any, as of the end of 2009
a Enter amount for 2008 only
b Total for prior years 20 , 20 , 20
3
Excess distributions carryover, If any, to 2009
NONE
From 2004
NONE
rom 2005
From 2006
NONE
NONE
From 2007
From 2008
NONE
Total of lines 3a through e
Qualifying distributions for 2009 from Part
4
7,659
0
xii, line 4 P $ 36,435
a Applied to 2008, but not more than line 2a
I5
b Applied to undistributed income of prior years
(Election required-see page 26 of the Instructions)
C Treated as distributions out of corpus (Election
required-see page 26 of the instructions)
d Applied to 2009 distributable amount
e Remaining amount distributed out of corpus
Excess distributions carryover applied to 2009
(lf an amount appears in column (d), the
same amount must be shown in column (a) )
7,659
0
28,776
0
0
0
Enter the net total of each column as
indicated below
6
a Corpus Add lines 3f, 4c, and 4e Subtract line 5
b Prior years" undistributed income Subtract
O
line 4b from line 2b
C
Enter the amount of prior years" undistributed
Income for which a notice of deticiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
d Subtract line 6c from line 6b Taxable
amount-see page 27 ofthe instructions
e Undistributed income for 2008 Subtract line
4a from line 2a Taxable amount-see page 27 of the
I7
0
instructions
f Undistributed income for 2009 Subtract
lines 4d and 5 from line 1 This amount must
be distributed in 2010
Amounts treated as distributions out of
384
corpus to satisfy requirements imposed by
section 17O(b)(1)(F) or 4942(g)(3) (see page 27 of
the instructions)
Excess distributions carryover from 2004
not applied on line 5 or line 7 (see page 27 of the
8
Instructions)
9
O
Excess distributions carryover to 2010.
Subtract lines 7 and 8 from line Ba
10
a
b
c
d
e
0
Analysis of line 9
Excess from 2005
Excess from 2006
Excess from 2007
Excess from 2008
Excess from 2009
Form 990-PF (2009)
* 4/22/2010 4.34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
* Form 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 10
Part XIV Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) N/A
1 a If the foundation has received a ruling or determination letter that it ls a pnvate operating
year listed 0 0
foundation, and the n.iling is effective for 2009, enter the date of the ruling P
b Check box to indicate whether the foundation is a pnvate operating foundation described in section lj 4942(j)(3) or (Il 4942(j)(5)
2 3 Enter the lesser of the adjusted net
income from Part I or the minimum
Tax year Prior 3 years
(e) Total
(b) 2008 (c) 2007 (d) 2006
bline
85%
of
line
2a
0
O
0
0
0
4 for each year listed 0 0
investment return from Part X for each (al 2009
C Qualifying distnbutlons from Part XII,
for active conduct of exempt activities 0
d Amounts included in line 2c not used directly
e Qualifying distributions made directly
for active conduct of exempt activities
Subtract line 2d from line 2c 0 0 0 0 0
(1)
Value
of
all
assets
0
under section 4942(j)(3)(B)(i) 0
3 Complete 3a, b, or c for the
alternative test relied upon
a "Assets" alternative test-enter
(2) Value of assets qualifying
b "Endowment" alternative test--enter 2/3
Part X, line 6 for each year listed 0 0
of minimum investment return shown in
C "Support" alternative test-enter
(1) Total support other than gross
512(a)(5)), or royalties) 0
investment income (interest,
dividends, rents, payments
on secunties loans (section
section
4942(j)(3)(B)(iii)
0
from an exempt organization 0
(2) Support from qeneral public
and 5 or more exempt
organizations as provided in
Gross investment income . 0
(3) Largest amount of support
(4)
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year-see page 28 of the instructions.)
1 Information Regarding Foundation Managers:
a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2) )
NONE
b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest
NONE
2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here P if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds If the foundation makes glfts, grants, etc (see page 28 ofthe instructions) to individuals or organizations
under other conditions, complete items 2a. b, c, and d
a The name, address, and telephone number of the person to whom applications should be addressed
b The form in which applications should be submitted and information and materials they should include
c Any submission deadlines
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors
Form 990-PF (2009)
4/22/2010 4:34"51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
FW" 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 1 1
Part XV Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
If recipient is an individual,
RSCIDISDI show any relationship
to Foundauon
Purpose
of grant ormount
A
any foundation
manager Status
of contnbution
Name and address (home or business) D,$ubS,am,a, contributor fecipiem
a Paid dur/ng the year
See Attached Statement
0
0
O
0
0
0
O
0
0
0
0
O
0
0
0
Total . P 3a 36,000
O
b Approved for future payment
NONE
0
0
0
0
0
0
Total . P 3b 0
0
O
0
Form 990-PF (2009)
" 4/22/2010 4:34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
" Fvfm 990-PF (2009) EDWARD LOW MEMORIAL TRUST 82-6062075 Page 12
Part XVI-A Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated
Unrelated business income Excluded by section 512, 513, or 514 (E)
(3) (I-7) (C) (d) function income
Business code Amount Exclusion code Amount (See page 23 of
Related or exempt
1 Program service revenue lheI"SlfUClI0f1S )
a
b
g Fees and contracts from government agencies
2 Membership dues and assessments
3 Interest on savings and temporary cash investments
4 Dividends and interest from securities 14 18,921
5 Net rental income or (loss) from real estate
a Debt-financed property
b Not debt-financed property
6 Net rental income or (loss) from personal property
7 Other investment income
8 Gain or (loss) from sales of assets other than inventory 18 -30,856
9 Net income or (loss) from special events
10 Gross profil or (loss) from sales of inventory
11 Other revenue 3
O
12
Subtotal Add columns (b), (d), and (e) -11,935 0
13 Total Add line 12, columns (b), (d), and (e) 13 -11,935
(See worksheet in line 13 instructions on page 28 to venfy calculations )
Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes
Line No. Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
1 the accomplishment of the foundation"s exempt purposes (other than by providing funds for such purposes) (See
page 28 of the instructions )
Not Applicable
Form 990-PF (2009)
" 4/22/2010 4 34151 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
" Form 990-PF I2009i EDWARD Low MEMORIAL TRUST az-6062075 Page 13
Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Y Exempt Organizations
1 Did the organization directly or indirectly engage In any of the following with any other organization described Yes No
in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
organizations?
(1) Cash . . .
a Transfers from the reporting foundation to a noncharitable exempt organization of
1a(1) X
1a(2) X
(1) Sales of assets to a noncharitable exempt organization 1b(1)
(2) Other assets
b Other transactions
(2) Purchases of assets from a noncharitable exempt organization 1b(2)
(3) Rental of facilities, equipment, or other assets . . 1b(3)
(4)
arrangements
. . 1b(5)
. 1b(4)
(5)Reimbursement
Loans or loan
guarantees
(6) Performance of services or membership or fundraising solicitations 1b(6) -*
c Sharing of facilities, equipment, mailing lists, other assets, or paid employees
d lf the answer to any ofthe above is "Yes," complete the following schedule Column (b) should always show the fair market
value of the goods, other assets, or services given by the reporting foundation lf the foundation received less than fair market
value in any transaction or sharing arrangement, showin column (d) the value of the goods, other assets, or services received
H(a) Line no (b) Amount Involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and shanng arrangements
Not Applicable
fYO
O
2a ls the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described In section 501(c) of the Code (other than section 501(c)(3)) or in section 5277 III Yes No
Y b If "Yes," complete the following schedule
i (a) Name ol organization (b) Type of organization (c) Descnption of relationship
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, It is true, correct, and complete Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge
, Signature
(I S*-*Q*"j:
I 4/22/2010
, v P a.Date
TAxTitle
DIRECTOR
of officer
or tnistee
Date Preparefs
h k f nidentifying
b r Si natur n
- signature
C ec i4/22/2010
um e (see
g
eo
P00364310
- I- Preparefs , K self-employed b Page 30 oftheinstrucuons)
F*"""S
"am 600
(f"Y"*"S
" ,STREET,
PRicEwATERHousEcooPERs,
LLP EIN
P no
13-4008324
and ZIP code
GRANT
PITTSBURGH, PA 15219-2777
Phone
412-355-6000
self-employed), address.
Form 990-PF (2009)
" 4/22/2010 4 34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year
Recipient(s) paid during the year
Name
NATIONAL FOUNDATION FOR CANCER RESEARCH I*lPerson l"7IBusIness
Street
4600 EAST WEST HIGHWAY, SUITE 525
BETHESDA
20814
City
I State
ZipMD
code
Foreign Country
Relationshlp
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose
of grant/contribution
IAmount6,000
Name
FIRST PRESBYTERIAN CHURCH I-Tlperson ITIBUSIIIQSS
Street
950 WEST STATE STREET
City
State Zip
Code
Foreign Country
BOISE
ID
83706
Relationship
Foundation Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/Contribution
IAmount13,500
Name
AMERICAN
RED CROSS I*lPerson l"7lBusiness
Street
BOISE
ID
83709
City
I State
Zip
code
Foreign Country
Relatlonship
FoundatIon
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
IAmount3,000
146 SOUTH COLE ROAD
Name
THE
SALVATION ARMY I*IPers0n ITIBIISIMSS
Street
City
State Zip
Code
Forelgn Country
BOISE
ID
83702
Relationship
Foundation Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contrlbution
IAmount3,000
1904 W BANNCOCK STREET
Name
FRIENDS IN ACTION Iiiaerson ITIi3usIness
Street
701 WEST FORT STREET
BOISE
ID
83702
City
I State
Zip
code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose
of grant/contribution
lAmount1,500
Name
MINISTRY
OF THE AGED I-IPS-rson Iwiausmess
Street
CIty
State Zip
code
Foreign Country
BOISE
ID
83711
Relationship
Foundation Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/Contribution
*Amount1,500
P O BOX 45237
4/22/2010 4Z34"51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year
Recipient(s) paid during the year
Name
LEARNING LAB, INC I-leerson lfisuslness
Street
308 E 36TH STREET
GARDEN
CITY
ID 83714
City
l State
Zip code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
IAmount1,000
Name
BOISE RESCUE II/IISSION MINISTRIES Iiperson I-ic"lBusIness
Street
308 S 24TH STREET
City
State Zip
code
Foreign Country
BOISE
ID
83702
Relationship
Foundation Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
IAmount2,000
Name
CHILDREN-S HOME SOCIETY OF IDAHO IT"IPerson I-xTIBusIness
Street
BOISE ID 83712
740 WARM SPRINGS AVENUE
City
U State
Zip code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contrlbution
IAmount1,000
LIFE"S KITCHEN I IPerson X IBusIness
Name
Street
BOISE
ID
83706
City
I State
Zip
Code
Foreign Country
Relationshlp
Foundatlon
Status
NONE EXEMPT
1025 SOUTH CAPITOL BLVD
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
*Amount1,000
Name
NORTHWEST CHILDRENS HOII/IE, INC I-lperson lTIBusIness
Street
P O BOX 1288
LEWISTON
83501
City
1 State
Zip ID
Code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
IAmount1,000
Name
SENIOR
SOLUTIONS, INC liperson l"3UI3usIness
Street
BOISE
ID
83703
City
I State
Zip
code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose
of grant/contribution
IAmount1,000
3010 WEST STATE STREET
- 4/22/2010 434:51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Continuation of Part XV, Line 3a (990-PF) - Grants and Contributions Paid During the Year
Recipient(s) paid during the year
Name
coRPus cHRisTi House I-Iiverson lTIeusine-ss
Street
BOISE
ID
83702
City
I State
Zip
code
Foreign Country
Relationship
Foundation
Status
NONE EXEMPT
GENERAL
OPERATING PURPOSES
Purpose of grant/contribution
IAmount 500
525 AMERICANA BLVD
Name
Street
I IPerson I IBusiness
City State Zip code Foreign Country
Relationship Foundation Status
Purpose of grant/contribution IAmount
O
Name
Street
I IPerson I IBusiness
City State Zip code Foreign Country
Relationship Foundation Status
Purpose of grant/contribution IAmount
0
Name
Street
I IPerson I Business
City State Zip code Foreign Country
Relationship Foundation Status
Purpose of grant/contribution IAmount
0
Name
Street
IPerson I IBusiness
City State Zip code Foreign Country
Relationship Foundation Status
Purpose of grant/contribution IAmount
0
Name
Street
I IPerson I Business
City State Zip Code Foreign Country
Relationship Foundation Status
Purpose of grantjcontribution IAmount
0
4/22/2010 4 34 51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Part Ill (990-PF) - Changes in Net Assets or Fund Balances
2
24
3 ROUNDING
Total . 3 224
I. 3-DI . I. III E "IVE
1 MUTUAL FUND TIMING DIFFERENCE -vm" Y w-- 1- -u -* f * A W- -m --H 1 -220­
4/22/2010 4 34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Part VI, Line 6a (990-PF) - Estimated Tax Payments
1 Credit from prior year return
2 First quarter estimated tax payment
3 Second quarter estimated tax payment
4 Third quarter estimated tax payment .
5 Fourth quarter estimated tax payment
6
Other payments .
7 Total
Date
Amount
286
0
4/22/2010 4 34151 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
* Part XIII, Line 2a, Column C (990-PF) - Prior Year Undistributed Income
1
Distributable amounts for 2008 that remained undistributed at the beginning of the 2009 tax year
otal T
7,659
7,659
4/22/2010 4"34.51 PM - 20596400 - 92 - WIT - EDWARD LOW MEMORIAL TRUST
Part XV, Lines 1a-1b (990-PF) - Information Regarding Foundation Managers
List Managers who own 10% or more of the stock
NONE NONE
List Managers who contnbuted more than 2% ot a corporation of which the foundation has a 10%
of the total contributions received by the foundation or greater interest
`