Grace L Carver Scholarship Fund Nect in Providence, Rhode Island (RI)

Grace L Carver Scholarship Fund Nect
Employer Identification Number (EIN)	046184211
Name of Organization	Grace L Carver Scholarship Fund Nect
In Care of Name	Shawmut Bank Of Bristol Cty Na
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)
Ruling Date	10/1976
Foundation	All organizations except 501(c)(3)
Organization	Trust
Exempt Organization Status	Trust described in section 4947(a)(2) of the IR Code
Tax Period	09/2014
Assets	$10,000 to $24,999
Income	$10,000 to $24,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$14,302
Amount of Income	$13,835
Form 990 Revenue Amount	$987

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	$819	$819	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$460
Gross rents	$0
Gross profit from sales of goods	$0
Other income	$-3
Other	$362
Total expenses and disbursements	$1,042	$98	$0	$926
Compensation of officers, directors, trustees, etc.	$156
Total operating and administrative expenses	$1,042	$98		$926
Contributions, gifts, grants paid	$0
Excess of revenue over expenses and disbursements	$-223
Net investment income		$721
Adjusted net income			$0

	Book Value	Fair Market Value
Balance Sheets (for 2012)
Total assets	$14,608	$14,767
Cash - non-interest-bearing	$0
Investments-U.S. and state government obligations	$0
Investments-corporate stock	$13,880
Investments-corporate bonds	$0
Investments-mortgage loans	$0
Investments-other	$0
Other	$728
Total liabilities	$0
Total liabilities and net assets/fund balances	$14,608

Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income	$362
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	$7
Total credits and payments	$0
Any penalty for underpayment of estimated tax	$0
Tax due	$7
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	$14,673
Net value of noncharitable-use assets	$14,460
Minimum investment return	$723

Distributable Amount (for 2012)
Distributable amount	$716

Undistributed Income (for 2012)
Distributable amount for 2012	$716
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	Grace B Ross Tr Uw	PO BOX 1802, Providence, RI 02901-1802	RI		$85,594
2	Grace C Jordan Trust U/I	PO BOX 1802, Providence, RI 02901-1802	RI	1979-09	$3,112,477
3	Grace C Stebbins 1977 Trust Nect	PO BOX 1802, Providence, RI 02901-1802	RI	1978-06	$769,179
4	Grace C Stebbins Charitable Foundation	PO BOX 1802, Providence, RI 02901-1802	RI	1977-11	$2,752,175
5	Grace Church Housing Corporation	280 Washington Street, Providence, RI 02903-3625	RI	1978-03	$8,498,615
6	Grace E Atkins B/O Charities	PO BOX 1802, Providence, RI 02901-1802	RI	1972-07	$576,346
7	Grace E Brooks Trust 1-0706, Bankboston Na	PO BOX 1802, Providence, RI 02901-1802	RI	2000-03	$407,998
8	Grace H Humphrey Residuary Trust	PO BOX 1802, Providence, RI 02901-1802	RI	1972-04	$342,571
9	Grace Hewett Charitable Tr 0002803610-323	PO BOX 1802, Providence, RI 02901-1802	RI	2001-12	$176,772
10	Grace Holcomb Humphrey Fund	PO BOX 1802, Providence, RI 02901-1802	RI	1972-04	$74,144
11	Grace L Carver Scholarship Fund Nect	PO BOX 1802, Providence, RI 02901-1802	RI	1976-10	$13,835
12	Grace M Edwards Trust U/W 2-1246 Nect	PO BOX 1802, Providence, RI 02901-1802	RI	1970-12	$969,867
13	Grace Noyes B-O 7 Charities Trust	PO BOX 1802, Providence, RI 02901-1802	RI		$468,222
14	Grace Protestnt Episcpl Chrch Trust	PO BOX 1802, Providence, RI 02901-1802	RI		$282,882
15	Grace Robertson Trust Uw Fbo, Manchester Mem	PO BOX 1802, Providence, RI 02901-1802	RI	1970-12	$68,305
16	Grace Voorhees Lazarus Trust Uw 21705 013174 Fbo First United	PO BOX 1802, Providence, RI 02901-1802	RI	2014-06	$30,707
17	Grace W Allsop Foundation, Larkin Brian Ttee	49 Roslyn Ave, Providence, RI 02908-2823	RI	2001-02	$82,618
18	Granberry Tr Uaw Fbo Granberry Me 59 1359801010	PO BOX 1802, Providence, RI 02901-1802	RI		$215,091
19	Grandview Realty Corporation	528 North Main Street, Providence, RI 02904-5757	RI	1979-12	$138,923
20	Grandview Second Corporation	528 North Main Street, Providence, RI 02904-5757	RI	1991-12	$148,028

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