George W P Magee Trust 1-07438-0 in Providence, Rhode Island (RI)

George W P Magee Trust 1-07438-0
Employer Identification Number (EIN)	046011097
Name of Organization	George W P Magee Trust 1-07438-0
In Care of Name	Bankboston N A
Address	PO BOX 1802, Providence, RI 02901-1802
Activities	Non-exempt charitable trust described in section 4947(a)(1) of the Code
Subsection	4947(a)(1) - Private Foundation (Form 990PF Filer)
Foundation	All organizations except 501(c)(3)
Exempt Organization Status	Trust described in section 4947(a)(2) of the IR Code
Tax Period	09/2014
Assets	$5,000,000 to $9,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$7,503,304
Amount of Income	$4,448,749
Form 990 Revenue Amount	$352,106

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2012)
Total revenue	$352,106	$352,106	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$153,056
Gross rents	$0
Gross profit from sales of goods	$0
Other income	$0
Other	$199,050
Total expenses and disbursements	$376,236	$29,871	$0	$341,949
Compensation of officers, directors, trustees, etc.	$47,069
Total operating and administrative expenses	$59,836	$29,871		$25,549
Contributions, gifts, grants paid	$316,400
Excess of revenue over expenses and disbursements	$-24,130
Net investment income		$322,235
Adjusted net income			$0

	Book Value	Fair Market Value
Balance Sheets (for 2012)
Total assets	$6,569,379	$7,136,515
Cash - non-interest-bearing	$0
Investments-U.S. and state government obligations	$128,397
Investments-corporate stock	$5,144,138
Investments-corporate bonds	$380,105
Investments-mortgage loans	$0
Investments-other	$0
Other	$916,739
Total liabilities	$0
Total liabilities and net assets/fund balances	$6,569,379

Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income	$199,050
Net capital loss	$0

Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No
Tax based on investment income	$6,445
Total credits and payments	$3,400
2012 estimated tax payments and 2011 overpayment credited to 2012	$3,400
Exempt foreign organizations-tax withheld at source	$0
Tax paid with application for extension of time to file (Form 8868)	$0
Backup withholding erroneously withheld	$0
Any penalty for underpayment of estimated tax	$0
Tax due	$3,045
Overpayment	$0
Amount to be credited to 2013 estimated tax	$0

Statements Regarding Activities (for 2012)
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?	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?	No

Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No
Agree to pay money or property to a government official?	No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No
Provide a grant to an individual for travel, study, or other similar purposes?	No
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)?	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No

Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$6,763,878
Net value of noncharitable-use assets	$6,662,420
Minimum investment return	$333,121

Distributable Amount (for 2012)
Distributable amount	$326,676

Undistributed Income (for 2012)
Distributable amount for 2012	$326,676
Undistributed income for 2012. This amount must be distributed in 2013	$0

	2012	2011	2010	2009	Total
Private Operating Foundations (for 2012)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

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Id	Name	Address	State	Established	Total Income
Other organizations in Rhode Island
1	George O Potter	PO BOX 1802, Providence, RI 02901-1802	RI	1974-04	$450,396
2	George P Furbush Tr, Bank Of America Na	PO BOX 1802, Providence, RI 02901-1802	RI		$214,449
3	George R Goodwin Tr Uw 383674 Fbo So Cong Church Nect	PO BOX 1802, Providence, RI 02901-1802	RI	1970-12	$810,606
4	George R Waln Trust Uw 20-0090	PO BOX 1802, Providence, RI 02901-1802	RI		$385,186
5	George R Wright For Charities	PO BOX 1802, Providence, RI 02901-1802	RI		$1,288,667
6	George S & Elsie E Miltimore Memorial Trust 136-1333665010, Fleet National Bank Of Connecticut	PO BOX 1802, Providence, RI 02901-1802	RI	1997-02	$908,434
7	George T Gilman Tr Fbo Planned Parenthood	PO BOX 1802, Providence, RI 02901-1802	RI		$646,746
8	George T Walsh Catholic Charity Fd	PO BOX 1802, Providence, RI 02901-1802	RI		$131,982
9	George W Hathaway Trust Ud	PO BOX 1802, Providence, RI 02901-1802	RI	1971-10	$521,486
10	George W Moore Trust No 06468 American Security & Trust Co Tr	PO BOX 1802, Providence, RI 02901-1802	RI		$11,844
11	George W P Magee Trust 1-07438-0	PO BOX 1802, Providence, RI 02901-1802	RI		$4,448,749
12	George W Thorpe Trust Uw 1044403010	PO BOX 1802, Providence, RI 02901-1802	RI	1970-12	$410,367
13	George Walter Vincent Smith Trust Uw	PO BOX 1802, Providence, RI 02901-1802	RI		$430,765
14	George Wells Foundation Ui 125-13172606	PO BOX 1802, Providence, RI 02901-1802	RI	2004-02	$2,548,117
15	Georgia Automobile Insurance Plan	C/O Aipso 302 Central Avenue, Johnston, RI 02919	RI	1953-04	$159,881
16	Georgia B West Tr Uw 2-6354	PO BOX 1802, Providence, RI 02901-1802	RI	1972-06	$2,408,748
17	Georgia Safford Stone Tr Ua, Fleet National Bank Ttee	PO BOX 1802, Providence, RI 02901-1802	RI	1970-12	$9,448,164
18	Georgiana Richardson Baker Fund	PO BOX 1802, Providence, RI 02901-1802	RI	1955-05	$17,216
19	Gerald Oday Tr Fbo Penobscot	PO BOX 1802, Providence, RI 02901-1802	RI	2011-01	$144,856
20	Gerard Jakobi Tr 4174 Fbo Northern Highlands Regional High School, Natwest Bank Na	PO BOX 1802, Providence, RI 02901-1802	RI	1990-08	$341,853

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