Upload
others
View
29
Download
0
Embed Size (px)
Citation preview
Form 990-PF Return of Private Foundation OMB No 1545-0052or Section 4947(a)(1) Nonexempt Charitable Trust
Department of the Treasury Treated as a Private Foundation2006Internal Revenue Service
Note: The foundation may be able to use a copy of this return to satisfy state reporting requirements
For calendar year 2006 , or tax year beginning , and endingr- chart, an th f annkr r---1 Initial raturn I-1 rinal ror.,rn 11 Aman,eodr reri,rn F-1 A,rdrn- ,.r,., nna F-1 kin...., ,.ti....,...
Use the IRS Name of foundation A Employer identification number
label.Otherwise, MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218
print Number and street (or P O box number if mail is not delivered to street address) Roaml-te B Telephone numberor type. 510 SYCAMORE STREET 610-759-2837
See SpecificInstructions .
City or town, state, and ZIP code C If exemption application is pending , check here
NAZARETH, PA 18064 D 1. Foreign organizations, check here
H Check type of organization: Q Section 501(c)(3) exempt private foundation 5% test, ►2.
Foreignh d att hen gt
Q Section 4947(a)(1) nonexempt charitable trust ®Other taxable private foundationer
e
en compuac hon
E If ft d t t t t dI Fair market value of all assets at end of year J Accounting method: ® Cash Q Accrual
priva e oun a ion s us was erminateaunder section 507(b)(1)(A), check here ►
(from Part 11, col. (c), line 16) Q Other (specify) F If the foundation is in a 60-month termination111104 2 14 5 6 7 8 . (Part 1, column (d) must be on cash basis.) under section 507( b )( 1 B check here Poo,Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements
rha total of amounts in columns (b) (c), and (d) may notecessanly equal the amounts inn column (a)) expenses per books income income for charitable purposes
(cash basis only)
1 Contributions, gifts, grants, etc., received 251 , 137.2 Cheat►Q d the foundation Is not required to attach Sch B
I nterest anash nvestmentss
and temporary3
c45 , 853. 45 , 853. 45 , 853. STATEMENT 1
4 Dividends and interest from securities 22 , 353. 22 , 353. 22 3 5 3. TATEMENT 25a Gross rentsb Net rental income or (loss)
„ 6a Net gai n or (loss) from sale of assets not on line 10 49 , 252.C b Gross sales price for all 233 , 335.assets on line 8a
y 7 Capital gain net income (from Part IV, line 2) 49 , 252 .
cc 8 Net short-term capital gain
9 Income modifications AY __Gross sales less returns
10a and allowances
b Less Cost of goods sold
c Gross profit or (loss)
11 Other income
12 Total. Add lines 1 through 11 368 , 595. 117 , 458. 68 , 206.13 Compensation of officers , directors , trustees , etc 0. 0. 0. 0.
14 Other employee salaries and wages
15 Pension plans, employee benefitsy
16a Legal fees
a b Accounting fees STMT 3 1 , 100. 0. 0. 0.c Other professional fees
> 17 Interest
18 Taxes STMT 4 1 , 302. 287. 287. 1 , 015.19 Depreciation and depletion
E 20 Occupancy
a 21 Travel, conferences, and meetingsvC 22 Printing and publications
23 Other expenses STMT 5 8 , 416. 8 416. 8 416. 0 .0 24 Total operating and administrative
as expenses . Add lines 13 through 23 10 , 818. 8 , 703. 8 , 703. 1 015 .0 25 Contributions, gifts, grants paid 98 , 450. 98 , 450.
26 Total expenses and disbursements.Add lines 24 and 25 109 268. 8 , 703. 8 , 703. 99 , 465.
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 259 , 327.b Net investment income cf negative, enter -0- ) 108 , 755. 1c Adjusted net income cf negative, enter -0-) 59 , 503. 1
LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . Form 990-PF (2006)62350101-28-07
1
11270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF(2006) MARTTTT (2TTTTAR CHAR TTART.F. F(1TTNTIATT(1TT 11-1 df2IA71 R Pane9
Balance SheetsAtfachedschedulesandamounts Inthedescdptlon Beginning of year End of year
Part II column shouldbeiorend-oi -year amounts only (a ) Book Value (b) Book Value (c) Fair Market Value
1 Cash - non-Interest-bearing 24 , 131. 23 , 634. 23 . 634.2 Savings and temporary cash investments
3 Accounts receivable ►Less: allowance for doubtful accounts ►
4 Pledges receivable ►Less: allowance for doubtful accounts ►
5 Grants receivable
6 Receivables due from officers, directors, trustees, and other
disqualified persons
7 Other notes and loans receivable ►
Less: allowance for doubtful accounts ►8 Inventories for sale or use
9 Prepaid expenses and deferred charges
10a Investments - U.S. and state government obligations
b Investments - corporate stock
c Investments - corporate bonds
11 Investments - land,bulldings , and equipment basis ►
Less accumulated depreclahon ►
12 Investments - mortgage loans
13 Investments - other 5TMT 6 1 , 566 , 814. 1 , 826 , 638. 2 , 122 , 044.14 Land, buildings, and equipment basis ►
Less accumulated depreciation ►
15 Other assets (describe ►
16 Total assets ( to be comp leted b y all filers ) 1 , 590 , 945. 1 8 5 0 2 7 2. 2 , 145 , 678.17 Accounts payable and accrued expenses
18 Grants payable
19 Deferred revenue
20 Loans from officers, directors, trustees, and other disqualified persons
R 21 Mortgages and other notes payable
22 Other liabilities (describe ►
23 Total liabilities ( add lines 17 throu g h 22 ) 0. 0.
Foundations that follow SFAS 117, check here ► 0and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted
.T 25 Temporarily restricted
m 26 Permanently restricted
Foundations that do not follow SFAS 117, check here ►ILL and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds 0. 0.
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0.
29 Retained earnings, accumulated income, endowment, or other funds 1 , 590 , 945. 1 , 850 , 272oZ 30 Total net assets or fund balances 1 , 590 , 945. 1 850 , 272.
31 Total liabilities and net assets/fund balances 1 , 590 , 945. 1 , 850 , 272.
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30
(must agree with end-of-year figure reported on prior year's return) 1 1 , 590 , 945 .2 Enter amount from Part I, line 27a 2 259 , 327 .
3 Other increases not included in line 2 (itemize) ► 3 0 .
4 Add lines 1, 2, and 3 - 4 1 850 , 272.
5 Decreases not included in line 2 (itemize) ► 5 0 .6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 - 6 1 , 8 5 0 , 2 7 2 .
82351103-08-07
Form 990-PF (2006)
211270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF (2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Page 3Part IV Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,2 sto brick warehouse; or common stock, 200 shs. MLC Co.ry )
(b How acquired^ PurchaseD - Donation
(c) Date acquired(mo., day, yr.)
(d) Date sold(mo., day, yr.)
1a
b SEE ATTACHED STATEMENTSc
d
e
(e) Gross sales price (f) Depreciation allowed(or allowable)
(g) Cost or other basisplus expense of sale
(h) Gain or (loss)(e) plus (f) minus (g)
a
b
c
d
e 233 335. 1 1 184 083. 49 , 252.Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus
(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69
(k) Excess of col. (i)over col. (1), if any
col. (k), but not less than -0-) orLosses (from col. (h))
a
b
c
d
e 49 , 252.
2 Capital gain net income or (net capital loss).If ain, also enter in Part I, line 7
line 7 1If ?loss) enter -0- in Part I 2 4 9 2 5 2 .
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).If (loss), enter -0- in Part I, line 8 3 0.
Part V 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? L1 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 instructions before making any entries.
Calendar ear sp eriod
taxyy
e
arbebe g innin g qualifying distributions Net value of nonchantable-use assetsDi)
divided
( d )n ratio
(col. (b) divided by col. (c))
2005 89 , 735. 1 , 803 , 565. .0497542004 92 , 708. 1 , 593 , 710. .0581712003 78 , 191. 1 , 322 , 817. .0591092002 57 , 075. 1 , 121 , 325. .0509002001 41 , 085. 1 , 014 , 786. .040486
2 Total of line 1, column (d) 2 . 2 5 8 4 2 03 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,
the foundation has been in existence if less than 5 years
or by the number of years
3 . 051684
4 Enter the net value of noncharitable-use assets for 2006 from Part X, line 5 4 2 , 100 , 918.
5 Multiply line 4 by line 3 5 108 , 584.
6 Enter 1% of net investment income (1% of Part I, line 27b) _ 6 1 , 088.
7 Add lines 5 and 6 7 109 672.
8 Enter qualifying distributions from Part XII, line 4 8 99 , 465.
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.
823521/01-2e-07 Form 990-PF (2006)
11270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF"(2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Page4Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940 (b), 4940 (e), or 4948 - see instructions)
la Exempt operating foundations described in section 4940(d)(2), check here ► L_I and enter 'N/A' on line 1.
Date of ruling letter: ( attach copy of ruling letter if necessary -see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► LI 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) )
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.
3 Add lines 1 and 2 3 2 , 175.
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.
5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 2 175.
6 Credits/Payments:
a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a 520.
b Exempt foreign organizations - tax withheld at source 6b
c Tax paid with application for extension of time to file (Form 8868) 6c
d Backup withholding erroneously withheld 6d
7 Total credits and payments. Add lines 6a through 6d 7 520.
8 Enter any penalty for underpayment of estimated tax. Check here 0 if Form 2220 is attached 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 1 655.
10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid _ ► 10
11 Enter the amount of line 10 to be: Credited to 2007 estimated tax Illo, 1 Refunded Iloi, 11Part VII-A Statements Regarding Activities
Is During the tax year, did the foundation attempt to influence any national , state, or local legislation or did it participate or intervene in
any political campaign?
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes ( see instructions for definition)?
If the answer is "Yes ° to 1 a or 1 b , attach a detailed description of the activities and copies of any materials published or
distributed 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. ► $ 0. (2) On foundation managers. ► $ 0.
e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation
managers. ► $ 0.
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 of the changes
4a Did the foundation have unrelated business gross income of $1,000 or more during the year?
b If "Yes; has it filed a tax return on Form 990-T for this year? N/A
5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?
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:• By language in the governing instrument, or• 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?
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.
8a Enter the states to which the foundation reports or with which it is registered (see instructions) ► NONE
b If 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
9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942 (1)(5) for calendaryear 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part XIV
02353101-29-07
11270503 785084 50210
2.175.
X
Form 990-PF (2006)
42006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF (2006) MART I IActivities Continued
11a At any time during the year , did the foundation, directly or indirectly , own a controlled entity within the meaning of section 512(b)(13)7
If 'Yes; attach schedule . ( see instructions)
b If 'Yes ; did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents , royalties, and
annuities described in the attachment for line 1la? _ N/A
12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract?
13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? N/AWeb site address ► N/A
Page 5
14 The books are m care of ► C.F. MARTIN GUITAR COMPANY Telephone no.- 6i0-759-2837Located at ► NAZARETH , PA ZIP+4 ►18 0 6 4
15 Section 4947 (a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ► LIand enter the amount of tax -exempt interest received or accrued durina the year ► I 15 I N/A
File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No
la 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? 0 Yes ® No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? LI Yes ® No
(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? Yes ® No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? 0 Yes ® No
( 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 )? 0 Yes ®No
(6) Agree to pay money or property to a government official? ( 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 .) .. LI Yes ® No
b If any answer is 'Yes" to la ( 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 22 of the instructions)? N/A lb
Organizations relying on a current notice regarding disaster assistance check here ►L1c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts , that were not corrected
before the first day of the tax year beginning in 2006? 1c 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( f)(5)):
a At the end of tax year 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year ( s) beginning
before 2006? 0 Yes ® No
If "Yes; list the years ►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 incomes ( If applying section 4942(a)(2) to all years listed, answer 'No' and attach
statement - see instructions.) N/A 2b
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 Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any timeduring the year? 0 Yes ® No
b If "Yes; did it have excess business holdings in 2006 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 by the 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 2006.) N/A 3b
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 ieooardv before the first day of the tax year beainnina in 2006? 4b X
Form 990-PF (2006)
62354101-29-07
511270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
1'iC^l\ 1 .,. V V 1 1 ^iL\ li 11rai\ 1 1 AilL L1 i VV L\ LC7 1 1 Vll .7 1 - 1 Y 0 J la j 0 rime oPart VII -13 I Statements Regarding Activities for Which Form 4720 May Be Required Continued5a During the year did the foundation pay or incur any amount to:
(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945 (e))? 0 Yes ® No
(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on, directly or indirectly,
any voter registration drive? 0 Yes ® No(3) Provide a grant to an individual for travel , study , or other similar purposes? O Yes ® No(4) Provide a grant to an organization other than a charitable , etc., organization described in section
509(a )( 1), (2), or (3 ), or section 4940 (d)(2)? LI Yes ® 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? 0 Yes ® 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 instructions )? N/A 5bOrganizations relying on a current notice regarding disaster assistance check here No- ED
c If the answer is 'Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintainedexpenditure responsibility for the grant? N/A 0 Yes 0 No
If 'Yes,' attach the statement required by Regulations section 53 4945-5(d).
6a Did the foundation , during the year , receive any funds , directly or indirectly, to pay premiums on
a personal benefit contract? 0 Yes ® Nob Did the foundation, during the year, pay premiums , directly or indirectly , on a personal benefit contract? 6b X
If you answered ' Yes' to 6b, also file Form 8870.
7a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction? L1 Yes ® No
b If yes , did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b
Part VIII Information About Officers , Directors , Trustees , Foundation Managers , Highly0 Paid Employees , and Contractors1 List all officers. directors. trustees, foundation managers and their compensation.
(a) Name and address(b) Title, and avera ge
hours per week devoted^o p osition
(c) Compensation(If not paid,enter -0 -)
e(d?Contdbutionsto
p oyeedeenet piansandcompensation
(e) Exp enseaccount, otherallowances
CHRISTIAN F MARTIN IV. RESIDENT510 SYCAMORE STREETNAZARETH , PA 18064 0.00 0. 0. 0.DIANE S REPYNECK ICE PRESIDE510 SYCAMORE STREETNAZARETH , PA 18064 0.00 0. 0. 0.SYLVIA FEHNEL SECRETARY510 SYCAMORE STREETNAZARETH , PA 18064 0.00 0. 0. 0.
2 Uomnensation of five hiahest-paid emolovees (other than those included on line 11. It none. enter "NONE."
(a) Name and address of each employee paid more than $50,000(b) Title and averagehours per week
devoted to p osition(c) Compensation
(d) Contributions to
e p anddeterred inscompensation
(e) Expenseaccount otherallowances
NONE
Total number of other employees paid over $50,000 I 0Form 990-PF (2006)
62355101-29-07
611270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF'(2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Pagel
Part VIII Information About Officers , Directors , Trustees, Foundation Managers , Highly0 Paid Employees , and Contractors Continued
3 Five highest -paid independent contractors for professional services. If none, enter " NONE."
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services ► 0Part IX-A I Summary of Direct Charitable Activities
List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as theExpensesnumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Part IX-B Summary of Program- Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N /A
2
All other program-related investments. See instructions.
3
Total. Add lines 1 through 3 ► 0 .Form 990-PF (2006)
02358101-29-07
711270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF (2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-14 83218 Page 8
Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations , see instructions.)
1 Fair market value of assets not used ( or held for use ) directly in carrying out charitable , etc., purposes:
a Average monthly fair market value of securities _ 1 a 2 , 106 , 839.b Average of monthly cash balances 1 b 26 , 073 .
c Fair market value of all other assets lc 0 .
d Total (add lines la , b, and c ) 1d 2 , 132 912.e Reduction claimed for blockage or other factors reported on lines la and
1c (attach detailed explanation) le 0.
2 Acquisition indebtedness applicable to line 1 assets 2 0 .
3 Subtract line 2 from line ld 3 2 , 132 912 .4 Cash deemed held for charitable activities . Enter 1 1 /2% of line 3 ( for greater amount, see instructions ) 4 31 994 .5 Net value of noncharitable - use assets . Subtract line 4 from line 3 . Enter here and on Part V, line 4 5 2 , 100 918 .6 Minimum investment return . Enter 5% of line 5 6 105 . 046 .
Part XIDistributable Amount (see instructions) (Section 4942(1)(3) and (j)(5) private operating foundations and certain
foreign organizations check here ► 0 and do not complete this part.)
1 Minimum investment return from Part X, line 6 1 105 , 046.2a Tax on investment income for 2006 from Part VI, line 5 2a 2 , 175.b Income tax for 2006. (This does not include the tax from Part VI.) 2b
c Add lines 2a and 2b 2c 2 , 175 .3 Distributable amount before adjustments. Subtract line 2c from line 1 3 102 , 871 .
4 Recoveries of amounts treated as qualifying distributions 4 0 .
5 Addlines3and4 5 102 871..
6 Deduction from distributable amount (see instructions) 6 0 .
7 Distributable amount as adjusted . Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 102 .871 .
Part XII Qualifying Distributions (see 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 la 99 , 465.b Program-related investments - total from Part IX-B lb 0.
2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2
3 Amounts set aside for specific charitable projects that satisfy the:
a Suitability test (prior IRS approval required) 3a
b Cash distribution test (attach the required schedule) _ 3b
4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 99 , 465.
5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b 5 0.
6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 99 , 465.Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section
4940(e) reduction of tax in those years.
Form 990-PF (2006)
62357101-29-07
811270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF (2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Page 9
Part XIII Undistributed Income (see instructions)
(a) (b) (c) (d)Corpus Years prior to 2005 2005 2006
1 Distributable amount for 2006 from Part XI,
line 7 102 , 871.2 Undistributed income , if any, as of the and of 2005
a Enter amount for 2005 only 18 , 000.b Total for prior years:
0.3 Excess distributions carryover, if any, to 2006:
a From 2001
b From 2002
c From 2003
d From 2004
e From 2005
f Total of lines 3a through e 0.
4 Qualifying distributions for 2006 from
Part Xll, line 4: ► $ 99 , 465.a Applied to 2005 , but not more than line 2a 18 , 000.
b Applied to undistributed income of prior
years (Election required - see instructions) 0.
c Treated as distributions out of corpus
(Election required - see instructions) 0.
d Applied to 2006 distributable amount 81 1 465.e Remaining amount distributed out of corpus 0.
5 Excess distributions carryover applied to 2008 0. 0.Of an amount appears in column (d), the same amountmust be shown in column (a) )
6 Enter the net total of each column asindicated below:
a Corpus Add lines 3f, 4c, and 4e Subtract line 5 0.
b Prior years' undistributed income. Subtract
line 4b from line 2b 0.
c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942( a) tax has been previouslyassessed 0 .
d Subtract line Sc from line 6b. Taxable
amount - see instructions 0 .e Undistributed income for 2005. Subtract line
4a from line 2a. Taxable amount - see instr. 0
f Undistributed income for 2006. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2007 21 , 406.7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(E) or 4942(g)(3) 0 .
8 Excess distributions carryover from 2001
not applied on line 5 or line 7 0 .
9 Excess distributions carryover to 2007.
Subtract lines 7 and 8 from line 6a 0 .
10 Analysis of line 9:
a Excess from 2002
b Excess from 2003
c Excess from 2004
d Excess from 2005
e Excess from 2006Form 990-PF (2006)
62358101-29-07
911270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF ( 2006 ) MARTIN GUITAR CHARITABLE FOUNDATION 31-148321 8 Page 10Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) N /Ala If the foundation has received a ruling or determination letter that it is a private operating
foundation , and the ruling is effective for 2006 , enter the date of the ruling ►b Check box to indicate whether the foundation is a p rivate o eratin foundation described in section 4942 (j)( 3 ) or 0 4942(j)(5)
2 a Enter the lesser of the adjusted net Tax year Prior 3 years
income from Part I or the minimum ( a) 2006 (b) 2005 ( c) 2004 ( d) 2003 ( e) Total
investment return from Part X for
each year listed
b 85% of line 2a
c Qualifying distributions from Part XII,
line 4 for each year listed
d Amounts included in line 2c not
used directly for active conduct of
exempt activities .
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c3 Complete 3a , b, or c for the
alternative test relied upon:a "Assets' alternative test - enter:
(1) Value of all assets
(2) Value of assets qualifyingunder section 4942( I)(3)(B)(i)
b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted
c Support alternative test - enter:
(1) Total support other than grossinvestment income (interest,dividends , rents , payments onsecurities loans ( section512(a)(5 )), or royalties)
(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942 ( I)(3)(B)(m)
(3) Largest amount of support froman exempt organization
( 4 ) Gross investment incomePart XV 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 taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONEb 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
2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship , etc., Programs:
Check here ►= if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Ifthe foundation makes gifts, grants, etc. (see 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:
N/A
b The form in which applications should be submitted and information and materials they should include:
c Any submission deadlines:
N/A
d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions , or other factors:N/A
823801/01 - 2e-07 Form 990-PF (2006)10
11270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form990-PF(2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 PagellPart XV Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant orany foundation manager status of contribution Amount
Name and address ( home or business )or substantial contributor recipient
a Paid dung the year
SEE STATEMENT 7Total ► 3a 98 , 450.
b Approved for future payment
NONE
Total ► 3b 1 0.823811/01 -29-07 Form 990-PF (2006)
11
11270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF(2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Pane 12
Part XVI-A Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.( a )
Business1 Program service revenue: code
a
b
c
d
e
f
g Fees and contracts from government agencies
2 Membership dues and assessments
3 Interest on savings and temporary cashinvestments
4 Dividends and interest from securities
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 personalproperty
7 Other investment income
8 Gain or ( loss) from sales of assets otherthan inventory
9 Net income or (loss ) from special events
10 Gross profit or (loss ) from sales of inventory
11 Other revenue:
a
b
Za nuwuic txciuaea o section ow , oia or a14 (e)
(b) exCL (d) Related or exemptAmount code Amount function income
4
252.
c
d
e
12 Subtotal. Add columns (b), (d), and (e) 0.1 0.1 117,458.13 Total Add line 12, columns (b), (d), and (e) 13 117,458.(See worksheet in line 13 instructions to verify calculations.)
Part XVI- 13 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 the accomplishment of1 the foundation's exempt purposes (other than by providing funds for such purposes).
0Sze07 Form 990-PF (2006)
1211270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Form 990-PF (2006) MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 Pag e 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt Organizations
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No
the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
a Transfers from the reporting foundation to a noncharitable exempt organization of
(1) Cash
(2) Other assets
b Other transactions:
(1) Sales of assets to a noncharitable exempt organization lb ( l )(2) Purchases of assets from a noncharitable exempt organization lb ( 2 )(3) Rental of facilities , equipment , or other assets lb ( 3 )
(4) Reimbursement arrangements lb ( 4 )
(5) Loans or loan guarantees lb ( 5 )
(6) Performance of services or membership or fundraising solicitations lb ( 6 )
Sharing of facilities , equipment, mailing lists, other assets , or paid employees 1c
If the answer to any of the 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 . If the foundation received less than fair market value in any transaction or sharing arrangement , show in
(a) Name of organization (b) Type of organization (c) Description of relationship
N /A
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 inform -• •••`•-` ------° `-- --••'---•••'-^--
0 ' Sign re of officer or trusteeX
Preparersy signature`E
a^ Firm's name ( oryours BEARD MILLER) COMPANY7535 WINDSOR DRIVE,
'UI
SUIaj ilselt-employed ),
address , andZIPCode ALLENTOWN PA 181 95-10'
BEARD MILLER COMPANY LIFAllentow , PA 18195-1014
Et 0 23-3060766
62362201-29-07
11270503 785084 50210 2006.(
2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax-exempt organizations describedin section 501 ( c) of the Code ( other than section 501(c)(3 )) or in section 527? 0 Yes E1 No
b If 'Yes.' complete the following schedule.
Schedule B(Form 990, 990-EZ,or 990-PF)Department of the TreasuryInternal Revenue Service
Schedule of Contributors
Supplementary Information for
line 1 of Form 990, 990-EZ, and 990-PF (see instructions)
OMB No 1545-0047
2006Name of organization
Organization type (check one)
Filers of: Section:
Form 990 or 990-EZ 501 (c)( ) (enter number) organization
0 4947(a)(1) nonexempt charitable trust not treated as a private foundation
0 527 political organization
Form 990-PF 0 501(c)(3) exempt private foundation
0 4947(a)(1) nonexempt chartable trust treated as a private foundation
® 501(c)(3) taxable private foundation
Employer identification number
Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes
for both the General Rule and a Special Rule-see instructions.)
General Rule-
DO For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one
contributor. (Complete Parts I and I I)
Special Rules-
For a section 501(c)(3) organization filing Form 990, or Form 990 • EZ, that met the 33 1/3% support test of the regulations under
sections 509(a)(1)/170 (b)(1)(A)(v), and received from any one contributor, during the year , a contribution of the greater of $5,000 or 29'0
of the amount on line 1 of these forms . (Complete Parts I and II )
El For a section 501(c)(7), (8), or ( 10) organization filing Form 990 , or Form 990-EZ, that received from any one contributor , during the year,
aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific , literary, or educational
purposes , or the prevention of cruelty to children or animals. (Complete Parts I, II, and III )
El For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,
some contributions for use exclusively for religious, chantable, etc., purposes, but these contributions did not aggregate to more than
$1,000. (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious,
charitable, etc., purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received
nonexclusively religious, charitable, etc , contributions of $5,000 or more during the year.) . ► $
Caution: Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but
they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing
requirements of Schedule B (Form 990, 990-EZ, or 990-PF).
LHA For Paperwork Reduction Act Notice, see the Instructions Schedule B ( Form 990, 990-EZ , or 990-PF) (2006)
for Form 990, Form 990-EZ, and Form 990-PF.
623451 03-19-07
1411270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
Schedule B (Form 990, 990-EZ, or
Name-of organization
ITAR CHAR
Part I Contributors (See Specific Instructions.)
of I of Partl
Employer identification number
(a)
No.
(b)
Name, address , and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
1 C.F. MARTIN GUITAR COMPANY Person I-XI
510 SYCAMORE STREET $ 251,137.PayrollNoncash
NAZARETH, PA 18064(Complete Part II if thereis a noncash contribution)
(a)
No.
(b)
Name , address, and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
Person
$
Payroll
Noncash
(Complete Part II if thereis a noncash contribution)
(a)
No.
(b)
Name, address , and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
Person
$
Payroll Q
Noncash
(Complete Part II if thereis a noncash contribution.;
(a)
No.
(b)
Name , address, and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
Person
$
Payroll
Noncash
(Complete Part li if thereis a noncash contnbution.)
(a)
No.
(b)
Name , address, and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
Person
$
Payroll
Noncash
(Complete Part II if thereis a noncash contribution.)
(a)
No.
(b)
Name , address, and ZIP + 4
(c)
Aggregate contributions
(d)
Type of contribution
Person 0
$
Payroll 0
Noncash Q
(Complete Part II if thereis a noncash contribution.)
823452 01-1 8-07 Schedule B (Form 990. 990-EZ . or 990 - PF) (2006)
1511270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
CONTINUATION FOR 990-PF, PART IVMARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 PAGE 1 OF 2Part IV • Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold, e . g., real estate ,2-story brick warehouse ; or common stock, 200 shs. MLC Co.
( b How acquired- Purchase
D - Donation
(c Date acquired(mo., day, yr.)
( d) Date sold(mo., day, yr.)
la APPLIED MATERIALS INC - 350 SHARES P 05 / 27 / 98 01 / 13 / 06b APPLIED MATERIALS INC - 100 SHARES P 09 / 28 / 00 01 / 13 / 06c DEAN WITTER DISCOVER 6.300% P 03 / 31 / 98 01 / 15 / 06d GANNETT CO INC - 150 SHARES P 04 / 22 / 02 03 / 07 / 06e ALCOA INC - 500 SHARES P 04 / 19 / 00 03 / 24 / 06f FLEXTRONICS INTL LTD - 500 SHARES P 05 / 21 / 02 03 / 24 / 06FLEXTRONICS INTL LTD - 600 SHARES P 03 / 14 / 05 03 / 24 / 06
h AVON PRODS INC - 150 SHARES P 04 / 22 / 02 03 / 30 / 06i CONOCOPHILLIPS - .56 SHARES P 05 / 19 / 03 04 / 25 / 06LINCARE HOLDINGS INC - 225 SHARES P 05 / 12 / 03 05 / 23 / 06
k REPUBLIC FIRST BANKCORP INC - .5 SHARES P 05 / 19 / 04 05 / 23 / 06I MBIA INC P 06 / 29 / 00 07 / 10 / 06m MENTOR CORP MINN - 200 SHARES P 03 / 15 / 05 08 / 17 / 06n BRINKER INTL INC - 200 SHARES P 04 / 03 / 03 09 / 15 / 06o BRINKER INTL INC - 100 SHARES P 04 / 03 / 03 , 09 / 15 / 06
(e) Gross sales price ( f) Depreciation allowed(or allowable )
(g) Cost or other basisplus expense of sale
( h) Gain or (loss)( e) plus ( f) minus (g)
a 6 , 971. 2 , 834. 4 , 137.b 1 , 992. 3 , 174. -1 , 182.c 15 , 000. 15 , 075. -75.d 9 , 162. 11 , 579. -2 , 417.e 14 , 920. 14 , 523. 397.f 5 , 091. 7 , 467. -2 , 376.
6 , 109. 7 , 632. -1 , 523.h 4 , 629. 4 , 203. 426.
39. 20. 19.8 , 583. 6 , 869. 1 , 714.
k 7. 3. 4.15 , 174. 8 , 910. 6 264.
m 9 , 522. 6 , 556. 2 , 966.n 8 , 196. 6 , 337. 1 , 859.o 4 , 097. 3 , 169. 928.
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Losses (from col. (h))
(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69
(k) Excess of col. (i)over col. (I), if any
Gains (excess of col. ( h) gain over col. (k),but not less than "-0-* )
a 4 , 137.b -1 , 182.c -75.d -2 , 417.e 397.f -2 , 376.
-1 , 523.h 426.
19.1 , 714.
k 4.6 , 264.
m 2 , 966.n 1 , 859.0 928.
a lso enter inin Part I2 Capital gain net income or ( net capital loss ) I
If am ,f ?loss) line 7 I 2,,
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). JIf (loss), enter %02 in Part I, line 8
D
3
02359105-01-00
1611270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
CONTINUATION FOR 990-PF, PART IVMARTIN GUITAR CHARITABLE FOUNDATION 31-1483218 PAGE 2 OF 2Part IV ' Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind ( s) of property sold, e.g., real estate ,2-story brick warehouse ; or common stock , 200 shs . MLC Co.
( b How acquired^ - PurchaseD - Donation
( c) Date acquired( mo., day , yr.)
( d) Date sold(mo., day, yr.)
la TD BANKNORTH INC - 294 SHARES P 04 / 14 / 00 09 / 19 / 06b BELLSOUTH CORP 5.000% P 05 / 21 / 02 10 / 15 / 06c FIRST UNION NB NOTE 7.125% P 04 / 17 / 00 10 / 15 / 06d INTERNATIONAL GAME TECHNOLOGY - 200 SHARES P 03 / 10 / 05 10 / 18 / 06e MICHAELS STORES INC - 500 SHARES P 05 / 29 / 03 11 / 01 / 06f AVIS BUDGET GROUP - 30 SHARES P 12 / 26 / 97 11 / 22 / 06REALOGY CORP - 75 SHARES P 12 / 26 / 97 11 / 22 / 06
h WYNDHAM WORLDWIDE CORP - 60 SHARES P 12 / 26 / 97 11 / 22 / 06i FEDERAL HOME LOAN MORTGAGE 6.400% P 07 / 11 / 97 12 / 13 / 06IDEARC INC - 10 SHARES P 06 / 05 / 03 12 / 21 / 06
k BURLINGTON RES INC COM - 400 SHARES P 05 / 19 / 03 07 / 31 / 061 CAPITAL GAINS DIVIDENDSm
n
0
(e) Gross sales price ( f) Depreciation allowed(or allowable )
(g) Cost or other basisplus expense of sale
( h) Gain or (loss)( e) plus ( f) minus (g)
a 8 , 356. 3 , 473. 4 , 883.b 25 , 000. 25 , 063. -63.c 24 , 619. 24 , 619. 0.d 8 , 320. 5 , 853. 2 , 467.e 22 , 000. 8 , 945. 13 , 055.f 619. 1 , 199. -580.
2 , 006. 3 , 185. -1 , 179.h 1 , 895. 3 , 110. -1 , 215.
10 , 000. 9 , 941. 59.282. 344. -62.
k 18 , 600. 18 , 600.2 , 146. 2 , 146.
m
n
0Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses ( from col. (h))
(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69
( k) Excess of col. (i)over col . ( j), if any
Gains ( excess of col. (h) gain over col. (k),but not less than'-0-)
a 4 , 883.b -63.c 0.d 2 , 467.e 13 , 055.f -580.
-1 , 179.h -1 , 215.
59.-62.
k 18 , 600.2 , 146.
m
n
0
If ain, also enter in Part I, line 7 12 Capital gain net income or ( net capital loss ) ( If (lloss) line 7 )enter '-0" in Part I 2 49 , 252.,,
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).If (loss), enter'-0' in Part I, line 8 3 0.
82359105-01-08
17
11270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
7
Account Name:
MARTIN GUITAR CHAR FOUNDATION I/M
1TBT Investment Management & Trust Company
Account Number: 610037814
Tax I.D. Number: 195-30-8741
DETAIL OF LONG-TERM CAPITAL GAINS AND LOSSES
;Units' eDescrition,`"' - = - - , ; `Date.
Acquired
,Date;'
:Sold
Gross_.Sales.
Once
Cost or. ' s
"Other'Basis
Long-term.
,'-Gain/Loss
15% MAXIMUM RATE SALES REPORTED ON FORM 1099-B
-----------------------------------------------
350 000 APPLIED MATERIALS INC 05/27/1998 01/13/2006 6,971 36 2,833 79 4,137 57
100 000 APPLIED MATERIALS INC 09/28/2000 01/13/2006 1,991 82 3,173 55 -1,181 73
15,000 000 DEAN HITTER DISCOVER 6 300% 01/15/06 03/31/1998 01/15/2006 15,000 00 15,075 00 -75 00
150 000 GANNETT CO INC 04/22/2002 03/07/2006 9,161 85 11,579 33 -2,417 48
500 000 ALCOA INC 04/19/2000 03/24/2006 14,919 54 14,522 73 396 81
500 000 FLEXTRONICS INTL LTD 05/21/2002 03/24/2006 5,090 64 7,466 85 -2,376 21
600 000 FLEXTRONICS INTL LTD 03/14/2005 03/24/2006 6,108 77 7,632 00 -1,523 23
150 000 AVON PRODS INC 04/22/2002 03/30/2006 4,628 86 4,203 38 425 48
0 560 CONOCOPHILLIPS 05/19/2003 04/25/2006 39 21 19 68 19 53
225 000 LINCARE HLDGS INC 05/12/2003 05/23/2006 8,583 49 6,869 17 1,714 32
0 500 REPUBLIC FIRST BANCORP INC CON 05/19/2004 05/23/2006 6 78 3 49 3 29
262 000 NBIA INC 06/29/2000 07/10/2006 15,173 50 8,910 03 6,263 47
200 000 MENTOR CORP MINN 03/15/2005 08/17/2006 9,522 49 6,556 44 2,966 05
200 000 BRINKER INTL INC 04/03/2003 09/15/2006 8,195 74 6,337 35 1,858 39
100 000 BRINKER INTL INC 04/03/2003 09/15/2006 4,096 58 3,166 67 927 91
294 000 TD BANKNORTE INC 04/14/2000 09/19/2006 8,355 66 3,472 62 4,883 04
25,000 000 BELLSOUTH CORP 5 000% 10/15/06 05/21/2002 10/15/2006 25,000 00 25,062 50 -62 50
25,000 000 FIRST UNION NB NOTE 7 125% 10/15/06 04/17/2000 10/15/2006 24,618 89 24,618 89
200 000 INTERNATIONAL GAME TECHNOLOGY 03/10/2005 10/18/2006 6,319 74 5,853 01 2,466 73
500 000 MICHAELS STORES INC 05/29/2003 1-1/01/2006 22,000. 00 8,945 19 13,054 81
30 000 AVIS BUDGET GROUP 12/26/1997 11/22/2006 619 20 1,199 03 -579 83
75 000 REALOGY CORP 12/26/1997 11/22/2006 2,006 19 3,184 93 -1,178 74
60 000 WYNDHAN WORLDWIDE CORP 12/26/1997 11/22/2006 1,894 74 3,109 99 -1,215 25
10,000 000 FED HOME LOAN MTG 6 400% 12/13/06 07/11/1997 12/13/2006 10,000 00 9,940 63 55 37
10 000 IDEARC INC 06/05/2003 12/21/2006 281
---------
70
--
344
---------
31
--
-62 62
TOTAL 15% MAXIMUM RATE SALES REPORTED ON 1095-B 212,586 75 184,082 56
---------
28,504
--
19
TOTAL LONG-TERN, SALES 212,586 75 184,062 56 26,504 19
IMPORTANT TAX RETURN DOCUMENT ENCLOSED
XD961 1 00018
Account Name:
MARTIN GUITAR. CHAR. FOUNDATION I/M
ill ^G i./^ i.. Investment Management & Trust Company
Account Number: 610037814
Tax I.D. Number: 195-30-8741
DETAIL OF SALES WITH UNICNOWN COST BASIS AND/OR HOLDING PERIOD
FiUnits
;' ; _ - _-
a-:
w Date __
`Acquired
r -_ Date
Sold
-;Gross lSales'
rice • •
ost,or; . iI " ,:Other'Ba
SALES WITH UNIU0WN COST BASIS REPORTED ON FORM 1099-B
------------------------------------------------------
400 000 BURLINGTON RES INC CON 05/19/2003 07/31/2006 18,600 00
TOTAL SALES WITF UNKNOWN COST BASIS REPORTED ON 1099-B 18,600 00
IMPORTANT TAX RETURN DOCUMENT ENCLOSED
X096? 1 00019
IMARTIN GUITAR CHARITABLE FOUNDATION 31-1483218
p
FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1
SOURCE
KEYSTONE NAZARETH BANK & TRUST - BUSINESS CHECKINGACCOUNTKEYSTONE NAZARETH BANK & TRUST - INVESTMENTACCOUNT INTEREST
TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A 45,853.
FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2
SOURCE
KEYSTONE NAZARETH BANK & TRUST -INVESTMENT ACCOUNT DIVIDENDS
TOTAL TO FM 990-PF, PART I, LN 4
CAPITAL GAINSGROSS AMOUNT DIVIDENDS
24,499.
24,499.
COLUMN (A)AMOUNT
2,146. 22,353.
2,146. 22,353.
FORM 990-PF ACCOUNTING FEES STATEMENT 3
DESCRIPTION
TAX PREPARATION FEES
TO FORM 990-PF, PG 1, LN 16B 1,100. 0. 0. 0.
FORM 990-PF TAXES STATEMENT 4
DESCRIPTION
(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME
1,100. 0.
(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME
FEDERAL TAXES 1,015. 0.FOREIGN TAXES 287. 287.
TO FORM 990-PF, PG 1, LN 18 1,302. 287.
AMOUNT
68.
45,785.
(C)ADJUSTED
NET INCOME
(D)CHARITABLEPURPOSES
0. 0.
(C)ADJUSTED
NET INCOME
0.287.
(D)CHARITABLEPURPOSES
1,015.0.
287. 1,015.
18 STATEMENT(S) 1, 2, 3, 411270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
tiMARTIN GUITAR CHARITABLE FOUNDATION 31-1483218
FORM 990-PF OTHER EXPENSES STATEMENT 5
(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
INVESTMENT ACCOUNT FEE 8,416. 8,416. 8,416. 0.
TO FORM 990-PF, PG 1, LN 23 8,416. 8,416. 8,416. 0.
FORM 990-PF OTHER INVESTMENTS STATEMENT 6
VALUATION FAIR MARKETDESCRIPTION METHOD BOOK VALUE VALUE
KEYSTONE NAZARETH BANK & TRUST - FMVINVESTMENT ACCOUNT 1,826,638. 2,122,044.
TOTAL TO FORM 990-PF, PART II, LINE 13 1,826,638. 2,122,044.
FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 7PAID DURING THE YEAR
RECIPIENT RELATIONSHIP RECIPIENTRECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT
ARTS QUEST TAX EXEMPT 5,000.GENERAL DONATION
CROCE'S TAX EXEMPT 2,000.GENERAL DONATION
GODFREY DANIEL'S COFFEE HOUSE TAX EXEMPT 7,500.GENERAL DONATION
MORAVIAN COLLEGE TAX EXEMPT 3,000.GENERAL DONATION
MORAVIAN HISTORICAL SOCIETY OF TAX EXEMPTNAZARETH 1,000.
GENERAL DONATION
19 STATEMENT(S) 5, 6, 711270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
L
MARTIN GUITAR CHARITABLE FOUNDATION 31-1483218
MUSEUM OF MAKING MUSIC TAX EXEMPT 5,000.GENERAL DONATION
NATIONAL MUS. MUSEUM TAX EXEMPT 5,000.GENERAL DONATION
NAZARETH YMCA TAX EXEMPT 10,000.GENERAL DONATION
NORTHAMPTON COMMUNITY COLLEGE TAX EXEMPTFOUNDATION 10,000.
GENERAL DONATION
NORTHAMPTON COMMUNITY COLLEGE TAX EXEMPTFOUNDATION 10,200.
GENERAL DONATION
NORTHAMPTON COUNTY HISTORICAL AND TAX EXEMPT
GENEALOGICAL SOCIETY 7,500.GENERAL DONATION
PHILADELPHIA FOLKSONG SOCIETY TAX EXEMPT 5,000.GENERAL DONATION
SING OUT CORPORATION TAX EXEMPT 5,000.GENERAL DONATION
STATE THEATRE CENTER FOR THE ARTS TAX EXEMPT 10,000.GENERAL DONATION
UNITED WAY OF THE GREATER LEHIGH TAX EXEMPTVALLEY 500.
GENERAL DONATION
VNA OF SAINT LUKE'S HOSPITAL TAX EXEMPT 2,500.GENERAL DONATION
WDIY TAX EXEMPT 2,500.GENERAL DONATION
20 STATEMENT(S) 711270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101
MARTIN GUITAR CHARITABLE FOUNDATION
BERKLEY SCHOOL OF MUSICGENERAL DONATION
BRIDGE SCHOOLGENERAL DONATION
CENTER SCHOOLGENERAL DONATION
FRIENDS OF HANK SNOW SOCIETYGENERAL DONATION
LV CHARTER HIGH SCHOOL FOR THEPERFORMING ARTS
GENERAL DONATION
QUIET VALLEY (LIVING HISTORICALFARM)
GENERAL DONATION
NEW ARTS PROGRAMGENERAL DONATION
TOTAL TO FORM 990-PF, PART XV, LINE 3A
31-1483218
TAX EXEMPT 1,000.
TAX EXEMPT 1,000.
TAX EXEMPT 500.
TAX EXEMPT 500.
TAX EXEMPT750.
TAX EXEMPT500.
TAX EXEMPT 2,500.
98,450.
21 STATEMENT(S) 711270503 785084 50210 2006.05050 MARTIN GUITAR CHARITABLE FO 502101