990-pf returnof private foundation...

Form 990-PF Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust

Department of the Treasury Treated as a Private FoundationInternal Revenue Service

Note The foundation may be able to use a copy of this return to satisfy state reporting requirements.

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OMB No 1545-0052

2008For calendar year 2008, or tax year beginning and ending

G Chock all that annly F-1 Initial rphvn F___1 Final return F___1 Amonricrl return F__ 1 Aririro rhsn I 1 f smn r honne

Use the IRS Name of foundation A Employer identification number

label. HE BRUNO & LENA DEGOL FAMILY FOUNDATIONOtherwise , O THE DEGOL ORGANIZATION 25-1753903

print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone numberor type. 3229 PLEASANT VALLEY BLVD ( 814 ) 941-7777

See SpecificInstructions .

City or town, state, and ZIP code C If exemption application is pend ing, check here

LTOONA PA 16602 D 1. Foreign organizations, check here

H Check type of organization: ®Sectlon 501(c)(3) exempt private foundation 85% test,

h i h

n oranizions meeting the2 d a he t

0 Section 4947 ( a )( 1 ) nonexem p t charitable trust 0 Other taxable p rivate foundation

c er an ttac computa ion

If f t dI Fair market value of all assets at end of year J Accounting method: ® Cash Accrual

private oundation status was termina eEunder section 507(b)(1)(A), check here

(from Part Il, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month terminatio00. $ 2 , 076 , 811

.

(Part 1, column (d) must be on cash basis)n

under section 507 ( b )( 1 B , check here

Part I Analysis of Revenue and Expenses(The total of amounts in columns (b), (c), and (d) may not

(a) Revenue andex enses er b k

(b) Net investmentn m

(c) Adjusted net ( d) Disbursementsfor charitable purposes

necessarily equal the amounts in column (a)) p p oo s i co e income (cash basis only)

1 Contributions, gifts, grants, etc., received 307 , 100 . N /A2 lithe foundation is not required to attach Sch B

3Interest

envestmentssand temporary

15 , 198. 15 , 198. STATEMENT 24 Dividends and interest from securities 45 , 061. 45 , 061. STATEMENT 35a Gross rents

b Net rental income or (loss)

6a Net gain or (toss) from sale of assets not on line 10 <47 , 590 . > STATEMENT 1y

Gross sales price for allIt assets on line sa 533,900.

y 7 Capital gain net income (from Part IV, line 2) 0

cc 8 Net short-term capital gain

9 Income modificationsGross sales less returns

10a and allowances

It Less Cost of goods sold

c Gross profit or (loss)

11 Other income 60 , 250. 0. STATEMENT 412 Total. Add lines 1 throu g h 11 380 , 019. 60 , 259.13 Compensation of officers , directors , trustees, etc 0. 0.

14 Other employee salaries and wages

15 Pension plans, employee benefits

41 16a Legal fees 889

CL b Accounting fees STMT 5 4 , 393. 2 1 cc 21 . 196.W c Other professional fees STMT 6 523. 5 3. 0.> 17 Interest

18 Taxes STMT 7 5 , 539. 0. 0.2 19 Depreciation and depletion

E 20 Occupancy

< 21 Travel, conferences, and meetings

22 Printing and publications

23 Other expenses STMT 8 15 , 058. 15 5 . 14 , 668.24 Total operating and administrative

o. expenses . Add lines 13 through 23 25 , 513. 2 8 7 5 . 16 , 864.0 25 Contributions, gifts, grants paid 164 , 032. 164 , 032.

26 Total expenses and disbursements

Add lines 24 and 25 189 , 545. 2 , 875. 180 , 896.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements 190 , 474.b Net investment income (if negative, enter -0-) 57 , 384.c Ad j usted net income (if negative, enter -0-) N/A

LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions Form 990-PF (2008)82350101-02-09

109000429 758075 312X524510 2008.03050 THE BRUNO & LENA DEGOL FAMI 312X5241

THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C / O TH1 T)F.afT. fRnANT 7. ATT CIN 9q-1 7 c 3 9 O Paae 2

rt Ij Balance Sheets Attached schedules and amounts in the descriptionP

Beginning of year End of yeara column should be for end-ol -yearamountsonly (a) Book Val ue (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing

2 Savings and temporary cash investments 361 , 216. 149 , 688. 149 , 688.3 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 ►

.r 8 Inventories for sale or use

y 9 Prepaid expenses and deferred charges

10a Investments - U.S. and state government obligations

b Investments - corporate stock STMT 10 1 , 010 , 306. 957 , 515. 957 , 515.c Investments - corporate bonds

11 Investments - land build i ngs . and equipment basis ►

Less accumulated depreciation ►

12 Investments - mortgage loans

13 Investments - other

14 Land, buildings, and equipment: basis ►Less accumulated depreciation ►

15 Other assets (describe ► STATEMENT 11) 885 , 079. 969 , 608. 969 , 608.

16 Total assets to be com p leted b y all filers 2 , 256 , 601. 2 , 076 , 811. 2 , 076 , 811.17 Accounts payable and accrued expenses

18 Grants payable

w 19 Deferred revenue

20 Loans from officers , directors, trustees , and other disqualified persons

21 Mortgages and other notes payable

J 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.

U)24 Unrestricted

n 25 Temporarily restricted

m 26 Permanently restricted13

Foundations that do not follow SFAS 117, check here ►U. and complete lines 27 through 31.0

27 Capital stock, trust principal, or current funds 0. 0 .

y 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0 .

a 29 Retained earnings, accumulated income, endowment, or other funds 2 , 256 601. 2 , 076 , 811 .Z 30 Total net assets or fund balances 2 , 256 , 601. 2 , 076 , 811 .

31 Total liabilities and net assets /fund balances 2 , 256 , 601. 2 , 076 , 811 .

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)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►

4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ► SEE STATEMENT 9

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

82351101-02-09

474.

0

Form 990-PF (2008)


• •THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C / O THE DEGOL ORGANIZATION 25-175'3 903' Part 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.)

(b1 How acquired

D - Donation

(c) Date acquired(mo., day, yr.)

(d) Date sold(mo., day, yr.)

la SEE ATTACHED SCHEDULE P VARIOUS VARIOUSb CAPITAL GAINS DIVIDENDSCd

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 533 021. 581 490. <48 , 469.b 879. 879.Cd

eComplete 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

c ol. (k), but not less than -0-) orLosses (from col. (h))

a <48 , 469.b 879.Cd

e

2 Capital gain net income or (net capital loss)r If gain, also enter in Part I, line 7

If (loss), enter -0- in Part I, line 7 2 <47 , 590.

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 N /A

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 period9 [l 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.

aBase period years

Calendar year ( or tax year beg innin g in )(b)qualifying distributions

(c)Net value of nonchantable-use assets

Distribution ratio(col. (b) divided by col. (c))

2007 254 026. 2 , 276 , 893. .1115672006 619 720. 1 , 315 , 716. .4710142005 738 412. 2 , 182 , 407. .3383482004 729 133. 2 , 274 , 495. .3205692003 252 713. 1 , 801 , 797. .140256

2 Total of line 1, column (d) 2 1.381754

3 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 . 276351

4 Enter the net value of nonchantable-use assets for 2008 from Part X, line 5 4 2 , 050 , 347.

5 Multiply line 4 by line 3 5 566 , 615.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 574.

7 Add lines 5 and 6 7 567 , 189.

8 Enter qualifying distributions from Part XII, line 4 8 180 , 896.

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 -02-09 Form 990-PF (2008)


• -THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C / O THE DEGOL ORGANIZATION 25-1753903 Part 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 ►U 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 ►0 and enter 1% 1 1 , 148.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 1 , 148.

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 1 , 148.

6 Credits/Payments:

a 2008 estimated tax payments and 2007 overpayment credited to 2008 6a 4 , 780.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 4 , 780.

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

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 3 , 632.11 Enter the amount of line 10 to be:Credited to 2009 estimated tax Poo, 3 6 3 2 . Refunded Ill. 11 0.

Part 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 1 120-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) ►PA

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(I)(3) or 4942(1)(5) for calendar

year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)? If "Yes," complete Part XIV

10 Did any persons become substantial contributors during the tax year? If "Yes." attach a schedule listina their names and addresses

82353101-02-09

Yesl No

I4aI IX

1101 1XForm 990-PF (2008)


•THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C / O THE DEGOL ORGANIZATION 25-1753903'

Part VII -A Statements Regarding Activities (continued)11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of

section 512(b)(13)9 If 'Yes; attach schedule (see instructions)

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before

August 17, 2008?

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Website address ► N/A

14 The books are in care of ► BRUNO DEGOL Telephone no.'. 814 - 9 41- 7 7 7 7Located at ► 3 2 2 9 PLEASANT VALLEY BLVD ALTOONA, PA ZIP+4 ►16 6 0 2

15 Section 4947(a)(b) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►and enter the amount of tax-exem p t interest received or accrued durin g the year 15 N / A

Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No

to During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person9 Yes ® No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes ® No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person2 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)2 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.) 0 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 20 of the instructions)? N/A

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 la, other than excepted acts, that were not corrected

before the first day of the tax year beginning in 2008?

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 ( I)(5)):

a At the end of tax year 2008 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year ( s) beginning

before 2008? L 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 mcome9 (If applying section 4942(a)(2) to all years listed, answer *No' and attach

statement - see instructions.) N/A

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

► 1

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? 0 Yes ®No

b If 'Yes; did it have excess business holdings in 2008 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 2008) N/A

ja4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 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 in XForm 990-PF (2008)

82354101-02-09

5


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990-PF

[Part VII-B I Statements Regarding Activities for Which Form 4720 May Be Required (continued)5a 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'? ED 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)? 0 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 animals9 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)9 N/A 5b

Organizations relying on a current notice regarding disaster assistance check here ►0c If the answer is 'Yes ' to question 5a ( 4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A Yes 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 ® No

b 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? 0 Yes ® No

b If yes , did the foundation receive any proceeds or have any net income attributable to the transaction? N /A 7b

Part VI11 Information About Officers , Directors , Trustees, Foundation Managers, Highlya Paid Employees , and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation.

(a) Name and address(b) Title, and average

hours per week devotedto position

(c) Compensation(If not aid ,enter PO

(d)ContribuUanstoa poyeebenefitplans

compensation

(e) Expenseaccount otherallowances

SEE STATEMENT 12 0. 0. 0.

9 Cmmnencatinn of five hinhpst-nail emnlnvees (other than those included on line it. If none. enter "NONE."

(a) Name and address of each employee paid more than $50,000(b) Title, and average

hours per weekdevoted to position

(c) Compensation(d) Contnibuionstoemp and Bete ret plans

compenssabon

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 ► I 0Form 990-PF (2008)

82355101-02-09


• •THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C/O THE DEGOL ORGANIZATION 25-175 3 9 0 3

Part X1111 Information About Officers, Directors, Trustees, Foundation Managers , HighlyPaid 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 receivin over $50 ,000 for p rofessional services 0

Part IX-A Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc.

Expenses

1 N /A

2

3

4

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 (2008)

82356101-02-09

7


• THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990 -PF (2008 ) C/O THE DEGOL ORGANIZATION 25-17539 03

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

b Average of monthly cash balances

c Fair market value of all other assets

d Total (add lines la, b, and c)

e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) 1e

2 Acquisition indebtedness applicable to line 1 assets

3 Subtract line 2 from line ld

4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions)

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4

6 Minimum investment return . Ente r 5% of line 5

7.64

1 1c I 969.608.

Part XIDistributable Amount (see instructions) (Section 4942 ( 1)(3) and ( 1)(5) private operating foundations and certainforeign organizations check here lo. 0 and do not complete this part)

1 Minimum investment return from Part X, line 6 1

2a Tax on investment income for 2008 from Part VI, line 5 2a 1 , 148.

b Income tax for 2008 . ( This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c

3 Distributable amount before adjustments . Subtract line 2c from line 1 3

4 Recoveries of amounts treated as qualifying distributions 4

5 Add lines 3 and 4 5

6 Deduction from distributable amount ( see instructions) 6

050,347.102,517.

102,517.

1,148.101,369.

0.101.369.

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 1 a 180 , 896.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 4 180 , 896.

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 6 180 , 896.

Note . The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifie

4940(e) reduction of tax in those years.

s for the section

Form 990-PF (2008)

82357101-02-09


• •THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C/O THE DEGOL ORGANIZATION 25-1753903

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2007 2007 2008

1 Distributable amount for 2008 from Part XI,

line 7 101 , 369.2 Undistributed income , if any, as of the end of 2007

a Enter amount for 2007 only 0.

b Total for prior years:

0.3 Excess distributions carryover, if any, to 2008:

a From 2003 163 , 429.b From 2004 617 , 456.cFrom2005 643 058.dFrom2006 559 676.e From 2007 144 , 954.f Total of lines 3a through e 2 , 128 , 573.

4 Qualifying distributions for 2008 from

Part XI 1, line 4: 1110- $ 180 , 896.a Applied to 2007, but not more than line 2a 0 2_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 2008 distributable amount 101 , 369.e Remaining amount distributed out of corpus 79 , 527.

5 Excess distributions carryover applied to 2008 0. 0.of an amount appears in column (d), the same amount

must 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 2 , 208 , 100.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 6c from line 6b. Taxable

amount - see instructions 0 .e Undistributed income for 2007. Subtract line

4a from line 2a. Taxable amount - see instr. 0

f Undistributed income for 2008. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2009 0

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3) 0

8 Excess distributions carryover from 2003

not applied on line 5 or line 7 163 , 429.9 Excess distributions carryover to 2009.

Subtract lines 7 and 8 from line 6a 2 , 044 , 671.10 Analysis of line 9:

a Excess from 2004 617 , 456.b Excess from 2005 643 , 058.

c Excess from 2006 559 , 676.d Excess from 2007 144 954.e Excess from 2008 7 9 5 2 7.

Form 990-PF (2008)82358101-02-09


• I THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) r 1r) THF. nT?rnT. fRaANT7..ATTf1 1) - 10Part XIV Private Operating Foundations (see in structions and Part VII-A, question 9) N/A1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2008, enter the date of the ruling ►b Check box to indicate whether the foundation is a private ooeratmo foundation described in section

2 a Enter the lesser of the adjusted net

income from Part I or the minimum

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 2cComplete 3a, b, or c for thealternative test relied upon:

a "Assets' alternative test - enter:(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(j)(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)(ui)

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment incomePart XV Supplementary Information (Completep p

at any time during the year-see the instructions.)

4942(j)( 3 ) or L_J 4942(l)(5)

Tax year Prior 3 years

(a) 2008 (b) 2007 (c) 2006 (d) 2005 (e) Total

rmation Com lete this art only if the foundation had $5.000 or more in assets

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).)

SEE STATEMENT 13b 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 ►0 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:

THE BRUNO & LENA DEGOL FAMILY FOUNDATION, 814.941.77773229 PLEASANT VALLEY BLVD, ALTOONA, PA 16602

b The form in which applications should be submitted and information and materials they should include:

REQUEST FOR DONATION AND WHAT ACTIVITIES THE ORGANIZATION DOESc Any submission deadlines:

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

NO

823601 01-02-09 Form 990-PF (2008)


-THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) CIO THE DEGOL ORGANIZATION -1753903 PaoeIIPart XV I Supplementary Information (continued)I (-nn+c -11 rf-+-k.it.nnc Pohl Mori— +h, Vmmr nr enn--11 fnr r,i*%- Dn-n*

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

Name and address (home or business) any foundation manageror substantial contributor

status ofrecipient

contribution Amount

a Paid dung the year

SEE STATEMENT 14Total ► 3a 164 , 032.

b Approved for future payment

NONE

Total 3b 1 0.823811 01-02-09 Form 990-PF (2008)


THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C/O THE DEGOL ORGANIZATION 25-1753903

Part XVI-A Analysis of Income -Producing Activities

Enter

1 Pr o

a

b

c

d

e

f

9

2 Me

3 Int

my

4 Div

5 Net

a

b

6 Net

pro

7 Ot

8 Gat

tha

9 Net

10 Gr

11 Ot

a

b

c

d

e

12 Su

boss amounts unless otherwise indicated Unrelate d business income Excluded by section 512 , 513 , or 514 (e).

gram service revenue:

(a)Businesscode

(b)Amount

Excr„-Sioncode

( d)Amount

Related or exemptfunction income

Fees and contracts from government agencies

mbership dues and assessments

rest on savings and temporary cash

estments 14 15 , 198.idends and interest from securities 14 45 , 061.rental income or (loss ) from real estate:

Debt-financed property

Not debt - financed property

rental income or ( loss) from personal

perty

er investment income

n or (loss ) from sales of assets other

n inventory 18 .<47 590

income or ( loss) from special events 01 45 , 582.ss profit or (loss ) from sales of inventory

er revenue:

btotal. Add columns ( b), (d), and (e) 0. 58 , 251.

B

t

o

h

t

o

h

0.

13 Total . Add line 12, columns (b), (d), and (e) 13 58,251.

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes


82362101-02-09

Form 990-PF (2008)

THE BRUNO & LENA DEGOL FAMILY FOUNDATIONForm 990-PF (2008) C/O THE DEGOL ORGANIZATION 25-175 3 9 0 3 PagelPart XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations1 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 la ( l ) X(2) Other assets la ( 2 ) X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization lb ( l ) X

(2) Purchases of assets from a noncharitable exempt organization lb ( 2 ) X

(3) Rental of facilities, equipment, or other assets 1. 3 X

(4) Reimbursement arrangements lb ( 4 ) X

(5) Loans or loan guarantees tb 5 X

(6) Performance of services or membership or fundraising solicitations 1b 6 Xc Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X

d 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, otor services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, sh

her ass

ow in

ets,

(a) Name of organ ization (b ) Type of organization ( c) Description of relationship

N/A

Under pen Itie of perjury , I I t h ve a in

a

this ret rn, including accompanying schedules and statements , and to the best of my knowledge and belief , it is true , correct,k

and comp) a lar tIo of e oth t t p e o du i ) is based on all information of which preparer has any knowledgeQ

SignaNA`bf o c

Preparer'ssignature

a CL 0) Firm 's name (or your

aj d setltmployed),

P

UBLIC SQUARE, SUITEaddress , and Zlpco

82362201-02-09

09000429 758075

2a Is 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 5279 Yes ^X Noh If'Yes ' emmnlete the fnllnwinn schedule

Schedule B(Form 990, 990-EZ,or 990-IMF)Department of the TreasuryInternal Revenue Service

Schedule of Contributors

► Attach to Form 990, 990-EZ, and 990-PF. 2008Name of the organization Employer identification number

THE BRUNO & LENA DEGOL FAMILY FOUNDATIONC/O THE DEGOL ORGANIZATION 25-1753903

Organization type (check one):

Filers of : Section:

Form 990 or 990-EZ

Form 990-PF

0 501 (c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

0 527 political organization

® 501 (c )(3) exempt private foundation

Q 4947(a)(1) nonexempt chartable trust treated as a private foundation

0 501 (c)(3) taxable private foundation

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

® 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 II

Special Rules

D 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)(vl ), and received from any one contributor , during the year , a contribution of the greater of (1) $5 ,000 or (2) 2% of the

amount on Form 990 , Part VIII , line 1 h or 2% of the amount on Form 990- EZ, line 1 Complete Parts I and II.

Q 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 , chartable , scientific , literary, or educational

purposes , or the prevention of cruelty to children or animals Complete Parts I, II, and III.

0 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 , charitable , 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 answer "No" on Part IV, line 2 of their Form 990, or check the box in the heading of their 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 Privacy Act and Paperwork Reduction Act Notice , see the Instructions Schedule B (Form 990, 990 - EZ, or 990-PF ) ( 2008)

for Form 990. These instructions will be issued separately.

823451 12-18-08


OMB No 1545-0047

Schedule B (Form 990. 990-EZ, or 990-PF) (2008)

Name of organization

THE BRUNO & LENA DEGOL FAMILY FOUNDATION

Part I Contributors (see instructions)

Page • 1 of 1 of Part 1

Employer identification number

(a)

No.

(b)

Name, address , and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 STAPLES Person If]

500 STAPLES DRIVE, PO BOX 9368 $ 5,000.PayrollNoncash JJ

FRAMINGHAM, MA 01702(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


2 BRUNO A DEGOL, SR REVOCABLE TRUST Person If]

3229 PLEASANT VALLEY BOULEVARD $ 110,863.Payroll

Noncash E]

ALTOONA, PA 16602(Complete Part II if there

is a noncash contribution.)

(a)

No.

(b)


(c)


(d)


3 BRUNO A DEGOL, SR REVOCABLE TRUST Person 0

3229 PLEASANT VALLEY BOULEVARD $ 189,137 .

Payroll 0

Noncash I-XI

ALTOONA, PA 16602(Complete Part II if there

is a noncash contribution )

(a)

No.

(b)

Name, address, and ZIP + 4

(c)


(d)


Person

$

Payroll 0

Noncash

(Complete Part II if thereis a noncash contribution )

(a)

No.

(b)

Name, address, and ZIP + 4

(c)


(d)


Person

$

Payroll Q

Noncash Q

(Complete Part 11 if thereis a noncash contribution )

(a)

No.

(b)


(c)


(d)


Person

$

Payroll Q

Noncash 0

(Complete Part II if thereis a noncash contnbutlon )

823452 12-18-08 Schedule B (Form 990, 990-EZ, or 990-PF) (2008)


Schedule B (Form 990, 990-E

Name of organization

THE $RUNO &

or 990 -PF) (2008)

LENA DEGOL FAMILY FOUNDATION

Part II Noncash Property (see instructions)

Page 1 of 1 of P art II

Employer identification number

(a)No.

from

Part I

(b)Description of noncash property given

(c)

FMV (or estimate)

(see instructions)

(d)Date received

4,097 SHARES US BANCORP FMV 120,6573 2,000 SHARES VERIZON COMMUNICATIONS

FMV 68,480$ 189,137. 12/09/08

(a)

No.

from

Part IDescription of noncash property given

(c)FMV (or estimate)

(see instructions)Date received

(a)

from


(c)

FMV (or estimate)


(a)

from


(c)

FMV (or estimate)


( a)

No.

from

Part I


(C)

FMV (or estimate)

(see instructions)

(d)Date received

No.

from

Part I


FMV (or estimate)

(see instructions )

(d)Date received

823453 12-18-08 Schedule B (Form 990, 990-EZ, or 990-PF) (2008)


THE BRUNO & LENA DEGOL FAMILY FOUNDATION 25-1753903

FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A)DESCRIPTION OF PROPERTY

SEE ATTACHED SCHEDULE

(B) (C)GROSS VALUE AT

SALES PRICE TIME OF ACQ.

533,021. 581,490.

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED VARIOUS VARIOUS

(D) (E) (F)EXPENSE OF

SALE DEPREC. GAIN OR LOSS

0. 0. <48,469.>

CAPITAL GAINS DIVIDENDS FROM PART IV 879.

TOTAL TO FORM 990 - PF, PART I, LINE 6A <47,590.>

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 2

SOURCE

CHARLES SCHWABFERRIS, BAKER, WATTS, INC.

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

7,470.7,728.

AMOUNT

15,198.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 3

SOURCE

CHARLES SCHWABFERRIS, BAKER, WATTS,INC.

TOTAL TO FM 990-PF, PART I, LN 4

GROSS AMOUNT

17,768.28,172.

45,940.

CAPITAL GAINS COLUMN (A)DIVIDENDS AMOUNT

879. 16,889.0. 28,172.

879. 45,061.

17 STATEMENT(S) 1, 2, 3

09000429 758075 312X524510 2008.03050 THE BRUNO Sc LENA DEGOL FAMI 312X5241

THE BRUNO & LENA DEGOL FAMILY FOUNDATION ,25-1753903

FORM 990-PF OTHER INCOME STATEMENT 4

DESCRIPTION

GROSS INCOME FROM SPECIALFUNDRAISING EVENTS 60,250. 0.

TOTAL TO FORM 990-PF, PART I, LINE 11 60,250. 0.

FORM 990-PF ACCOUNTING FEES STATEMENT 5

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

PROFESSIONAL FEES

TO FORM 990-PF, PG 1, LN 16B

(A) (B) (C)REVENUE NET INVEST- ADJUSTEDPER BOOKS MENT INCOME NET INCOME

4,393 . 2,197. 2,196.

4,393. 2,197. 2,196.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 6

DESCRIPTION

INVESTMENT MANAGEMENT FEES

TO FORM 990-PF, PG 1, LN 16C

FORM 990-PF

523.

523.

523.

523.

TAXES

(A) (B)EXPENSES NET INVEST-

DESCRIPTION PER BOOKS MENT INCOME

FEDERAL EXCISE TAX 5,524. 0.OTHER TAX 15. 0.

TO FORM 990-PF, PG 1, LN 18 5,539. 0.

(A) (B) (C) (D)

EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES

(C)ADJUSTED

NET INCOME

0.

0.

STATEMENT 7

(D)

CHARITABLE

PURPOSES

0.0.

0.

18 STATEMENT(S) 4, 5, 6, 709000429 758075 312X524510 2008.03050 THE BRUNO Sc LENA DEGOL FAMI 312X5241


FORM 99'0-PF OTHER EXPENSES STATEMENT 8

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

BANK CHARGES 155. 155. 0.GOLF FUNDRAISING EVENTEXPENSES 14,668. 0. 14,668.MISCELLANEOUS 235. 0. 0.

TO FORM 990-PF, PG 1, LN 23 15,058. 155. 14,668.

FORM 990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 9

DESCRIPTION

NET UNREALIZED GAINS (LOSS) AND OTHER MISC ADJUSTMENTS

TOTAL TO FORM 990-PF, PART III, LINE 5

AMOUNT

370,264.

370,264.

FORM 990-PF CORPORATE STOCK STATEMENT 10

DESCRIPTION

SEE ATTACHED

TOTAL TO FORM 990-PF, PART II, LINE 10B

FAIR MARKETBOOK VALUE VALUE

957,515. 957,515.

957,515. 957,515.

FORM 990-PF OTHER ASSETS STATEMENT 11

DESCRIPTION

LIFE INSURANCE CASH VALUE

TO FORM 990-PF, PART II, LINE 15

BEGINNING OF END OF YEAR FAIR MARKETYR BOOK VALUE BOOK VALUE VALUE

885,079. 969 , 608. 969,608.

885,079. 969,608. 969,608.

19 STATEMENT(S) 8, 9, 10, 1109000429 758075 312X524510 2008.03050 THE BRUNO & LENA DEGOL FAMI 312X5241

THE BRUNO & L•ENA DEGOL FAMILY FOUNDATION 25-1753903

FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 12TRUSTEES AND FOUNDATION MANAGERS

EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSE

NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT

BRUNO A. DEGOL, SR PRESIDENT5200 N. OCEAN BLVD. UNIT 1006 0.00FORT LAUDERDALE, FL 33308

LENA DEGOL DIRECTOR5200 N. OCEAN BLVD. UNIT 1006 0.00FORT LAUDERDALE, FL 33308

DONALD A. DEGOL, SR VICE-PRESIDENT100 SYLVAN WOODS 0.00HOLLIDAYSBURG, PA 16648

DAVID A. DEGOL DIRECTORRR 4 BOX 110A 0.00HOLLIDAYSBURG, PA 16648

GLORIA DEGOL BURGAN DIRECTOR84 COUNTRY CLUB ROAD 0.00CRESSON, PA 16630

BRUNO A. DEGOL, JR DIRECTORRD #5 , BOX 253A 0.00TYRONE, PA 16686

DENNIS W. DEGOL SECRETARY8 BRUSHMEADE DRIVE 0.00HOLLIDAYSBURG, PA 16648

JOSEPH T. ADAMS TREASURER338 DEER RUN ROAD 0.00HOLLIDAYSBURG, PA 16648

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

20 STATEMENT(S) 1209000429 758075 312X524510 2008.03050 THE BRUNO & LENA DEGOL FAMI 312X5241

THE BRUNO & L•ENA DEGOL FAMILY FOUNDATION .25-1.753903

FORM 990-PF PART XV - LINE 1A STATEMENT 13LIST OF FOUNDATION MANAGERS

NAME OF MANAGER

BRUNO A. DEGOL, SRLENA DEGOLDONALD A. DEGOL, SRDAVID A. DEGOLGLORIA DEGOL BURGANBRUNO A. DEGOL, JRDENNIS W. DEGOL

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 14

PAID DURING THE YEAR

RECIPIENT RELATIONSHIP RECIPIENT

RECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT

AMERICAN RESCUE WORKERS NONE PUBLIC 500.

502 MULBERRY STREET, CHARITABLE

HOLLIDAYSBURG, PA 16648

CARMELITE COMMUNITY OF THE WORD NONE PUBLIC 500.

394 BERN ROAD, GALLITZIN, PA CHARITABLE

16641

CENTRAL PA HUMANE SOCIETY NONE PUBLIC 400.1835 E PLEASANT VALLEY BLVD, CHARITABLEALTOONA, PA 16602

CRESSON FOOD PANTRY NONE PUBLIC 1,000.615 KEYSTONE AVE, CRESSON, PA CHARITABLE16630

FOREMAN FOUNDATION NONE PUBLIC 5,000.PO BOX 189, ZELIENOPLE, PA 16063 CHARITABLE

FRANCISCAN FATHERS / ST NONE PUBLIC

BERNARDINE MONASTERY 100.P.O. BOX 139, HOLLIDAYSBURG, PA CHARITABLE16648

21 STATEMENT(S) 13, 14



GALLITZIN LIONS CLUB NONE PUBLIC 100.163 HICKORY DRIVE, GALLITZIN, PA CHARITABLE16641

GALLITZIN PUBLIC LIBRARY NONE PUBLIC 250.411 CONVENT STREET, GALLITZIN, PA CHARITABLE16641

HOME NURSING AGENCY NONE PUBLIC 250.RD 1, RESERVOIR ROAD PO BOX 357, CHARITABLEHOLLIDAYSBURG, PA 16648

INTERNATIONAL TOUR DE TOONA NONE PUBLIC 500.1126 8TH AVENUE SUITE 404, CHARITABLEALTOONA, PA 16602

ITALIAN HERITAGE SOCIETY NONE PUBLIC 100.338 WINDVALE DRIVE, DUNCANSVILLE, CHARITABLEPA 16635

MAKE A WISH FOUNDATION OF PA NONE PUBLIC 250.2500 7TH AVENUE , ALTOONA, PA CHARITABLE16602

NORTHERN BLAIR COUNTY RECREATION NONE PUBLICCOMMISSION 20,000.RD #5, BOX 253A, TYRONE, PA CHARITABLE16686

REMEMBERING ADAM, INC, NONE PUBLIC 250.PO BOX 665, HASTINGS, PA 16646 CHARITABLE

SAINT FRANCIS UNIVERSITY NONE PUBLIC 76,682.P.O. BOX 600, LORETTO, PA 15940 CHARITABLE

SHRINERS HOSPITAL NONE PUBLIC 500.P.O. BOX 1984, ALTOONA, PA 16603 CHARITABLE

ST ALOYSIUS CHURCH NONE PUBLIC 500.WILLIAM PENN HWY, CRESSON, PA CHARITABLE16630


THE BRU}TO & LENA DEGOL FAMILY FOUNDATION .25-1753903

ST JOHN'S ADULT CHOIR NONE PUBLIC 50.311 LOTZ AVENUE, ALTOONA, PA CHARITABLE16602

ST JOSEPHS' CHURCH NONE PUBLIC 1,200.623 E 3RD STREET, BELLWOOD, PA CHARITABLE16617

ST. MARY'S CHURCH NONE PUBLIC 500.312 CLARK STREET, HOLLIDAYSBURG, CHARITABLEPA 16648

ST. VINCENT DEPAUL SOCIETY NONE PUBLIC 500.2201 UNION AVENUE, ALTOONA, PA CHARITABLE16601

THE ANGEL TREE NONE PUBLIC 500.318 CENTRAL AVE, CRESSON, PA CHARITABLE16630

ANNUAL CATHOLIC MENS CONFERENCE NONE PUBLIC 2,000.C/O ST FRANCIS UNIVERSITY PO BOX CHARITABLE600, LORETTO, PA 15940

WORLD CHILDRENS WELLNESS NONE PUBLICFOUNDATION 250.1915 VALLEY VIEW BLVD, ALTOONA, CHARITABLEPA 16602

THE CATHEDRAL OF BLESSED NONE PUBLICSACRAMENT 500.ONE CATHEDRAL SQUARE, ALTOONA, PA CHARITABLE16601

ALTOONA BLAIR COUNTY DEVELOPMENT NONE PUBLICAUTHORITY 50,000.3900 INDUSTRIAL PARK DRIVE, CHARITABLEALTOONA, PA 16602

PENNS WOODS COUNCIL BOY SCOUTS OF NONE PUBLICAMERICA 150.201 W. HIGH STREET SUITE 1, CHARITABLEEBENSBURG, PA 15931


THE BRUNO & LENA DEGOL FAMILY FOUNDATION .25-1753903

BELLWOOD ANTIS RECREATION NONE PUBLICAUTHORITY 500.909 NORTH SECOND ST, BELLWOOD, PA CHARITABLE16617

ST VINCENT DEPAUL FOOD PANTRY NONE PUBLIC 1,000.2015 BROAD AVENUE SUITE 17, CHARITABLEALTOONA, PA 16601

TOTAL TO FORM 990-PF, PART XV, LINE 3A 164,032.


Bruno & Lena DeGol Family Foundation2008 Realized Gains & Losses

SecurityFerris Baker Watts Sales: Short term

HSBC Holdings PLCUnilever N VMerrill Lynch & CompanyMerrill Lynch & CompanyMerrill Lynch & CompanyCitigroup IncChesapeake Energy Corp

Ferris Baker Watts Sales: Long termWashington Federal IncWashington Federal IncWashington Federal IncHalliburton CompanyProcter & Gamble CompanyProcter & Gamble CompanyWells Fargo & Co New

Schwab Sales--Short Term:None

Schwab Sales--Long Term:Fairpoint Commun., Inc.Wachovia Corp New:WB

Aquired Sale Price per Proceeds Cost GainQuantity Date Date Share Less Commiss. Amount (Loss)

2,000.00 12/24/2007 2/7/2008 23.5100 $ 47,012.48 $ 40,707.00 $ 6,305.481,500.00 1/30/2007 2/22/2008 30.7600 46,082.50 40,140.00 5,942.50375.00 12/26/2007 3/26/2008 20.7500 7,774.16 7,707.56 66.60

1,325.00 12/26/2007 3/27/2008 20.7500 27,493.44 27,233.39 260.05300.00 12/26/2007 3/27/2008 20.7700 6,223.93 6,166.05 57.88

2,700.00 1/3/2007 3/28/2008 21.3200 57,506.36 143,992.50 (86,486.14)1,500.00 3/18/2008 5/9/2008 56.2127 84,261.57 70,257.00 14,004.57

1,725.00 9/1/1995 1/3/2008 20.8000 $ 35,848.92 16,977.12 $ 18,871.80600.00 9/1/1995 1/3/2008 20 8100 12,475.18 5,905.09 6,570.09500.00 9/1/1995 1/3/2008 20.8200 10,393.99 4,920.95 5,473.04

1,000.00 9/22/2006 1/4/2008 37.8609 37,803.32 28,140.00 9,663.32600.00 3/2/2006 3/14/2008 66.9900 40,150.70 35,772.00 4,378.70100.00 3/2/2006 3/14/2008 67.0000 6,685.78 5,962.00 723.78

3,600.00 multiple 6/12/2008 26.4701 95,234.82 99,570.00 (4,335.18)

22.00 12/1/2006 9/8/2008 8.2727 $ 182.00 $ 192.45 $ (10.45)1,068.00 6/22/2004 9/8/2008 16.7523 17,891.47 47,846.40 (29,954.93)

$ 533,020.62 $ 581,489.51 $ (48,468.89)

*G000056100206•

rd r le SCHWAB Schwab One® Account ofINSTtTIJTIONAL

THE BRUNO AND LENA DEGOL Account Number Statement PeriodFAMILY FOUNDATION 8538-0393 December 1-31, 2008

This Period Year to Date

Income Summary Federally Tax-Exempt Federally Taxable Federally Tax-Exempt Federally Taxable

Money Funds Dividends 0.00 302.68 0.00 1,477.24

Cash Dividends 0.00 5,739.42 0.00 15,412.05

Total Capital Gains 0.00 879.46 0.00 879.46

Corporate, bond Interest 0.00 3,735.17 0.00 7,470.34

Investment Detail - Money Market Funds [Sweep]

Money Market Funds [Sweep] Quantity Market Price Market Value Current Yield

SCH ADV CASH RESRV PREM: SWZXX 248.068.0600 1.0000 248.068.06 1.07%

rdo J... ,^+^ - r1 i:. i. y • - - '.r %a5,. i..i ...i2. m i ( ^}^ . l{•y. _ 19:3 F.^. ,.. .,,. .y .. `^ ;•.. :.?. '.:.v^ '^ . i ...• .:•o ..,f .•1 '. rp :^î ^ ^ li ih .i:• P SG: I^^C^y. v.. ,I: .:p-. Lu. •.^.:.g^ iL•' f o:r `^̂ aT.^^Y ,:'i^4^'^3^c.^ 1 j'1 S., }. t^ I 1 4^ 3 ^ ^1 1 - _ -]^. Ti : , h^^^

F'-, l'FL ^':tiY.,^ .t. -h yl^ C•i: ^ 1 t[y^`^^'J4 iy^'

rn 1 , ^.. îfr . c^SA .,.... Iii., h. `•i r i. t. :. !1.,: 1. ^.^S:r 17..^ .;If.. r < T•.nt{trF ,T r.^.. j fi .i ^.^`.,..:..iir^'yù?'.1: `??. - ^li,i: ^-. 3*'.• ';' _.L 'r4!Fir

Accounting MethodInvestment Detail - Equit ies Equities : High Cost

Unrealized Estimated EstimatedQuantity , Market Price Market Value Gain or (Loss ) Yield Annual Income

Equities Units Purchased Cost Per Share ' Cost Basis Acquired Holding Days Holding Period

BRISTOL-MYERS SQUIBB CO

SYMBOL: BMY

DUKE ENERGY CORP NEW

SYMBOL: DUK

Cost Basis

1,500 .0000 23.2500

1,500.0000 20.0580

1,200 .0000 15.0100

200.0000 9.90191,000.0000 99077

34,875 .00 4,788 . 00 5.33% 1,860.00

30,087.00' 06/13/08 4,788.00 201 Short-Term

18,012 . 00 6,123 .85 6.12% 1,104.00

1,980.39' 08/06/03 1,021.61 1974 Long-Term9,907.761 08/06/03 5,102.24 1974 Long-Term

11, 888.15

Schwab has provided accurate gain and loss Information wherever possible for most investments. Cost basis data may be incomplete or unavailable for some of your holdingsPlease see'Endnotes for Your Account" section for an explanation of the endnote codes and symbols on this statement.

CTCH1302-005610 210917

® 2008 Charles Schwab & Co., Inc All rights reserved Member SIPC. Schwab Institutional Is a division of Charles Schwab & Co, Inc ('Schwab'). This statement Is tarnished solely for your account at Schwab.Except as noted to this statement's Terms and Conditions, Investment Advisors whose names appear in this statement are not affiliated with Schwab Please sea Terms and Conditions (2002-2115, 2002-240) 5TP25265R1.02

Page 3 of 12

Apr

16- i ; IesSCi l AB Schwab One® Account ofINSTITUTIONAL THE BRUNO AND LENA DEGOL Account Number Statement Period

FAMILY FOUNDATION 8538 -0393 December 1-31, 2008

Investment Detail - Equities (continued)AccountingMethodEquities: High Cost

Unrealized Estimated EstimatedQuantity Market Price Market Value Gain or (Loss) Yield Annual Income

Equities (continued) Units Purchased Cost Per Share Cost Basis Acquired Holding Days Holding Period

F N B CORPORATION PA 11,946.0000 13 .2000 157,687.20 (46,907.05) 7.27% 11,468.16SYMBOL: FNB 2,887.4872 12.3053 35,531.50' 02/24/98 2,583.33 3963 Long-Term

912.5128 14.0887 12,856.15' 04/22/98 (810.98) 3906 Long-Term5,540.0000 19.5400 108,251.60' 11/27/02 (35,123.60) 2226 Long-Term606.0000 16.5000 9,999.00' 09/30/03 (1,999.80) 1919 Long-Term

2-1000.0000 18.9.780.. 37,956.00' 02/22105 (11,556.00) 1408 Long-TermCost Basis 204, 594.25

FED NATL MTG 5.81%H PFD

PFDSERH

SYMBOL: FNM+H

FIFTH THIRD BANCORPSYMBOL: FITS

GOLDMAN SACHS 6.20% PFD

NON CUM PERPETUAL PFDSUBJ TO XTRO REDEMPTIONSYMBOL: GS+B

MARSH & MC LENNAN CO INCSYMBOL: MMC

Cost Basis

METLIFE INC B 6.50% PFDNON-CUMULATIVE SERIES BPERPETUAL PREFERREDSYMBOL: MET+B

2,000 .0000 1.2070

2,000.0000 43.0035

1,566.0000 8.2600

1,566.0000 35,2798

2,000 .0000 20.6000

2,000.0000 22.4535

1,500.0000 24.2700

100.0000 31.7433300.0000 31.7533

1,100.0000 31.7387

2,414.00

86,007.00' 01/29/08

12,935.16

55,248.32' 01/02/04

41,200.00

44,907.00' 12126/07

36,405.00

3,174.33' 12/16104

9,526.00' 12/16/04

34,912.67' 12/16/0447, 613.00

34,140.00

44,367.00' 12/24/07

(83,593.00) 240.69%

(83,593.00) 337

(42,313 .16) 0.48%

(42,313. 16) 1825

(3,707. 00) 7.62%

(3,707.00) 371

(11,208.00) 3.29%

(747.33) 1476(2,245.00) 1476(8,215.67) 1476

(10,227.00) 9.51%(10,227.00) 373

5,810.40

Short-Term

62.64

Long-Term

3,100.00Long-Term

1,200.00

Long-Term

Long-Term

Long-Term

3,250.00Long-Term

2,000.0000 17.07002,000.0000 22.1835

POINT BLANK SOLUTIONS 3,000 .0000 0.4700 1,410.00 (8,471.00) 0.00%

SYMBOL: PESO 3,000.0000 3.2936 9,881.00' 01/19/07 (8,471.00) 712

Schwab has provided accurate gain and loss information wherever possible for most Investments Cost basis data may be incomplete or unavailable for some of your holdings.Please see "Endnotea for Your Account" section for an explanatlon,of the endnote codes and symbr' n this statement.

CTCH1302.005610 210918

0 2008 Chan.. chwab & Co, Inc An eights reserved . Member SIPC. Schwab InstItWonal is a dMslon of Charles Schwab & Co Schvab') ThIs statement Is furnished solely for vn,n .o••.•" at C•+-•-'.Except as noted in this statement's Terms and Conditions, Investment Advisors whose nnmee snn.., in fbi. .^- -- • -- --- -.^-InC^-•- S

0.00

Long-Term

P? -4of12

'G000056100306'

ch4. r1esscH y AB Schwab One®Account ofINSTITUTIONAL THE BRUNO AND LENA DEGOL Account Number Statement Period

FAMILY FOUNDATION 8538-0393 December 1-31, 2008

Investment Detail - EquitiesAccount: Method

(continued ) Equities :HHigh Cost

Unrealized Estimated EstimatedQuantity Market Price Market Value Gain or (Loss) Yield Annual Income

Equities (continued) - Units Purchased Cost Per Share Cost Basis Acquired Holding Days Holding Period

SPECTRA ENERGY CORP 600.0000 15.7400 9,444.00 874.15 6.35% 600.00SYMBOL: SE 100.0000 14.2761 1,427.611 08/06/03 146.39 1974 Long-Term

500.0000 14.2844 7,142.24' 08106/03 727.76 1974 Long-TermCost Basis 8,569.85

SUNTRUST BANKS SER A PFD 2,000 .0000 12.3500 24,700.00 (17,447.00) 8.18% 2,022.22DAPS SHS REPSTG 1/4000 2,000.0000 21.0735 42,147.001 01/31/08 (17,447.00) 335 Short-TermPERPETUAL PFD SER ASYMBOL: STI+A

U S BANCORP DEL NEW 4,097.0000 25.0100 102,465.97 2,926.05 6.79% 6,964.90

SYMBOL: USB 1,897.0000 29.8425 56,611.41' 11/04198 (9,167.44) 3710 Long-Term1,200.0000 19.9117 23,894.08` 02125/03 6,117.92 2136 Long-Term1,000.0000 19.0344 19,034.43' 03/11/03 5,975.57 2122 Long-Term

Cost Basis 99,539.92

VERIZON COMMUNICATIONS 3,200 .0000 33.9000 108,480 .00 6,510.81 5.42% 5 ,888.00

SYMBOL: VZ 2,000.0000 30.2968 60,593.64 07/14/06 7,206.36 901 Long-Term1,200,0000 34.4796 41,375.55' 12/01/06 (695.55) 761 Long-Term

Cost Basis 101,969.19

Estimated Annual Income and yield calculations are for informational purposes only and are not a projection or guarantee of future dividends.

Accounting MethodInvestment Detail - Mutual Funds Mutual Funds: High Cost

Market Market Average Unrealized

Mutual Funds Quantity Price Value Cost Basis Cost Basis Gain or (Loss)

FAIRHOLME FUND a 2,074.8270 21.8400 45,314.22 29.93 62,093.35 (16,779.13)

SYMBOL: FAIRX

Schwab has provided accurate gain and loss Information wherever possible for most Investments . Cost basis data may be Incomplete or unavailable for some of your holdings .Page 5 of 12Please see "Endnotes for Your Account" section for an explanation of the endnote codes and symbols on this statement.

CTCH1302-005610 210919

0 2005 Charles Schwab & Co, Inc . All rights reserved . Member SIPC. Schwab Institutional Is a division of Charles Schwab & Co Inc ('Schwab' ) This statement Is furnished solely for your account at Schwab PCExcept as noted in this statement's Terms and Conditions . Investment Advisors whose names appear in this statement are not atrtiated with Schwab. Please see Terms and Condi ions . (2002.2115 : 2002-240) STP25265R1-02

"hadesSCHWAB Schwab One® Account ofINSTTTUFIONAL

THE BRUNO AND LENA DEGOL Account Number Statement PeriodFAMILY FOUNDATION 8538 -0393 December 1-31, 2008

o yrr.:

Investment Detail - Mutual Funds (continued)Accounting MethodMutual Funds: High Cost

Market Market Average UnrealizedMutual Funds (continued ) Quantity Price Value Cost Basis Cost Basis Gain or (Los s)

THORNBURG INTL VALUE FD ° 788 .5280 . 19.4400 15 , 328.98 25 .57 20,162. 59 (4,833.61)

INST CLASSSYMBOL: TGVIX

VAN KAMPEN INTL GROWTH ° 1,176 .9190 11 . 8100 13 ,899.41 17.32 20,383.54 (6,484.13)FUND CL ASYMBOL: VIFAX

VANGUARD SHORT TERM 0 11,973.0870 9.6700 115,779.75 10 .16 121,591.39 (5,811.64)INVESTMENT GRADE FUNDADMIRALSYMBOL: VFSUX

Accounting MethodInvestment Detail - Other Assets Other Assets: High Cost

UnrealizedQuantity Market Price Market Value Gain or (Loss)

Other Assets Units Purchased Cost Per Share Cost Basis Acquired Holding Days Holding Period

JP MORGAN CHASE 5.875%33 4,300 .0000 19 .3500 83 ,205.00 ( 14,654.00)

CAP SECS DUE 06/15/33 1,800.0000 22.9038 41,227.00 t 01/25108 (6,397.00) 341 Short-TermSER K 2,500.0000 22.6528 56,632.00 t 02/28/08 (8,257.00) 307 Short-TermSYMBOL: JPM+KCost Basis 97,859.00

SUSQUEHANNA CAP 9 .375%57 2,000.0000 24. 8000 49,600.00 (407.00)

DUE 12/12/57 2,000.0000 25.0035 50,007.00' 12/05/07 (407.00) 392 Long-TermSUBJ TO XTRO REDEMPTIONSYMBOL: SUS+A

Schwab has provided accutate gain and loss Information wherever possible for most Investments. Cost basis data may be incomplete or unavailable for some of your holdings.Please see •Endnotes for Your Account' section for an explanation of the endnote codes and symbol, -'n this statement. Paoe 6 of 12

CTCH1302-005610 210920

S 2008 Charge„ ,,drvvab & Co.. Inc. All rights reserved. Member SIPC Schwab Institutional Is a division of Charles Schwab & Co Inc (" chwab') This statement Is furnished solely for your account at Schwab LvDd"Except as noted In this statement's Terns and Conditions, Investment Advisors whose names appear In this statement are not affili ated w,th Crh,, h Plena. esn Te....a .-A n , . t ronno -,c 1- -- ---- - --

*G000056100406*

chlr1e.. cH AB Schwab One® Account ofINSTITUTIONAL THE BRUNO AND LENA DEGOL Account Number Statement Period

FAMILY FOUNDATION 8538-0393 December 1-31, 2008

Investment Deta il - Other Assets conti nuedOther

Assets:Method

Other Assets: High Cost

UnrealizedQuantity Market Price Market Value Gain or (Loss)

Other Assets (continued) Units Purchased Cost Per Share Cost Basis Acquired Holding Days Holding Period

WELLS FARGO XII 7.875%68 2,000.0000 25. 1099 50 ,219.80 212.80

ENHANCED TR DUE 03/15/68 2,000 .0000 25.0035 50, 007.00' 03/05/08 212.80 301 Short-TermSUBJ TO XTRO REDEMPTIONSYMBOL: BWF

hTo Ot èr As is .4 0IBM

04 11,/0

- ^'SZ 57£.55

.,l .. r.: -i.i' I ) ^ { ^! .::{,ii' ^.t( ^y,^{ kâ. `^£ ^5^: k:^ : aa%' j p•r. hs^:': z'

..f_si•.,^l.:.fl • xtî:.f i. s., 'i.'^.cts•..t:

Transaction Detail - Purchases & Sales

Mutual Funds Activity

Settle Date Trade Date Transaction Description , Quantity Unit Price Total Amount'

12/11/08 12/11/08 Reinvested Shares VAN KAMPEN INTL GROWTH

FUND CL A: VIFAX

12/17/08 12/17/08 Reinvested Shares FAIRHOLME FUND: FAIRX

12/17/08 12/17/08 Reinvested Shares FAIRHOLME FUND: FAIRX

12/26/08 12/26/08 Reinvested Shares THORNBURG INTL VALUE FD

INST CLASS: TGVIX

34.0620 11.2600 (383.54) 3

41.6410 21.1200 (879.46)/

10.1270 21.1200 (213.89)1

2.4500 18.8100 (46.08)1/

Schwab has provided accurate gain and loss Information wherever possible for most Investments. Cost basis data may be incomplete or unavailable for some of your holdings.Please see 'Endnotes for Your Account" section for an explanation of the endnote codes and symbols on this statement.

CTCH1302-005610 210921 ,

® 2008 Chanel Schwab & Co., Inc All rights reserved Member SIPC. Schwab InstItutional Is a division of Chades Schwab & Co Inc PSchwab'). This statement is furnished solely for your account at Schwab.Except as noted in this statement's Terms and Conditions, Investment Advisors whose names appear in this statement are not of bated with Schwab Please see Terms and Conditions. (2002-2115, 2002-240) STP25285R1.02

Page 7 of 12

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