inif - foundation center990s.foundationcenter.org/990pf_pdf_archive/341/341278622/341278622... ·...

DC Return of Private FoundationForm 9 9 O-r 1 or 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 re(

C%% 14 Other employee salaries and wages . . . . . NON NON

>•-

Mi

0W

Co

OM B N o 1 5 4 5-005 2

ments 2008

For calendar year 2008 , or tax ear be innin , 2008 , and ending , 20

G Check all that apply Initial return Final return Amended retur n Address change Name change

Name of foundation A Employer identification number

Use the IRS SCOTFORD FOUNDATIONlabel. C/O NATIONAL CITY BANK 34-1278622

Otherwise , Number and street ( or P 0 box number if mail is not delivered to street address ) Room / suite B Telephone number ( see page 10 of the instructions)

print

or type .ifi

P 0 BOX 94651 (330) 757-3761cSee Spec

InstructionsCity or town, state , and ZIP code C If exemption application is

pending, check here • • • • .

p 1 Foreign organizations , check here

CLEVELAND OH 44101 2 Foreign organizations meeting the

H Check type of organization X Section 501( c)(3) exempt private foundation85% test , check here and attach

computation . . . . . . . . .

FI Section 4947 ( a)(1) nonexem pt charitable trust Other taxable p rivate foundationE If rivate foundation status was termin.rted

dt l f ll t tk method : Cash AccrualuntinJ Accp

qenva s aI Fair mar e ue o a asse

of year (from Part H, col (C), line

go

q Other (specify) __ _____ _ _ __________ _ _ _

under section 507(b ) (1 )(A), check here .

F If the foundation is in a 60 -month termination

76) $ 3 , 701 , 066 . (Part 1, column (d) must be on cash basis.) under section 507(b ) (1)(B), check here . INIFAnalysis of Revenue and Expenses (The ( d) Disbursements

total of amounts in columns (b), (c), and (d)(a ) Revenue and (b) Net investment (c) Adjusted net for charitable

may not necessarily equal the amounts inexpenses per

booksincome income purposes

column (a) (see page 1 1 of the instructions)) (cash basis only )

received ( attach schedule ) .grants etc1 Contributions its 25 , 000 .,, ,

2 Checkif the foundation is not required to

h Bh S . .attac c

3 Interest on savings and temporary cash investments

4 Dividends and interest from securities . . . 126 754. 126 , 754.

5a Gross rents . . . . . . . . . . . . . . . . .

b Net rental income or (loss)

G a Net gain or (loss ) from sale of assets not on line 10 -351 , 002yb Gross sales price for all

1 , 760 , 021 .l 6t s on ineasse a

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

8 Net short-term capital gain . . . . . . . . .

9 Income modifications • • • • • • • •10 a Gross sales less returns

lldan owancesa

b Less Cost of goods sold

c Gross profit or ( loss) (attach schedule) • , • •

11 Other income ( attach schedule) 316. 316., , • , • • •

12 Total. Add lines 1 throu g h 11 -198 , 932. 127 , 070.

13 Compensation of officers , directors, trustees, etc • •

r' 15 Pension plans, employee benefits NON NONU)

16a Legal fees (attach schedule)

X

•

1b Accounting fees (attach schedule)STMT 150. NON NON 150Wc

..

c Other professional fees ( attach scF ,MT'. 2 . 26 , 416. 24 , 416. 2 , 000

17 Interest . . . . . . . . . . . . . . . . . . .

18 Taxes ( attach schedule ) (see page 14 of t l^ ' '&tio3s) 27 , 837. 1 , 555.TE 19 Depreciation ( attach schedule ) and depletion .

Q 20 Occupancy . . . . . . . . . . . . . . . . .

21 Travel , conferences , and meetings . . . . . NON ANON - ' 9

cc 22 Printing and publications . . . . . . . . . . NON NON I •:'

23 Other expenses (attach schedule ) STMT. 4 , 295. 94. 201

t2 24 Total operating and administrative expenses.

CL Add lines 13 through 23 54 698 26 , 06 5. NONE .-n 1 2 351

25 Contributions , gifts, grants paid . . . . . . . 196 , 935. 1I 196 935

26 Total ex penses and disbursements Add lines 24 and 25 251 , 633 . 26 , 065. NON 199 , 286

27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements • , - 4 5 O 565b Net investment income ( if negative , enter -0-) 101 , 005. 1

c Adjusted net income ( If ne g ative , enter -0-)

U

Q

For Privacy Act and Paperwork Reduction Act Notice , see page 30 of the instructionsJSABE1410 1 000

CGN645 2XMY 04/28/2009 06:46:43

Form 990-PF (2008)

4 •,^-

Forra 990-PF (2008) 34-1278622 Attached schedules and amounts in the Beginning of year End of year

Balance Sheets description column should be forendof-yearamounts only ( See instructions ) ( a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing . . . . . . . . . . . . . . . . . .

2 Savings and temporary cash investments . . . . . . . . . . 372 427. 246 652. 246 , 6523 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 ( attach schedule ) ( see page 15 of the instructions)

7 Other notes and loans receivable ( attach schedule ) ► _*_

Less- allowance for doubtful accounts ► NONE 10 , 000.* 7,000 .

7 , 000. 7 , 000____

8 Inventories for sale or use

in 9 Prepaid expenses and deferred charges . ,in

Q 10 a Investments - U S and state government obligations (attach schedule) 300 , 182.b Investments -corporate stock ( attach schedule ) . . . . . . . 3 804 440. 3, 681, 884. 2 , 448 , 440

c Investments - corporate bonds ( attach schedule ), , , , . , , , 961 403. 1 , 059 686. 998 , 97411 Investments - land, buildings, ►

and equipment basis --------------------Less accumulated depreciation ►(attach schedule ) --------------------

12 Investments - mortgage loans . . . . . . . . . . . . . . . .

13 Investments - other ( attach schedule ) . . . . . . . . . . . . .14 Land , buildings, and ►

equipment basis --------------------Less accumulated depreciation ►(attach schedule ) ---------------- ----

15 Other assets ( describe ►----------------------

16 Total assets ( to be completed by all filers - see the

instructions Also, see page 1, item 1) .. 5 , 448 , 452. 4 995 222. 3 , 701 , 06617 Accounts payable and accrued expenses , , _ , , , , , , , ,

18 Grants payable , , , , , , , , , , , , , , , , , , , , , , ,

19 Deferred revenue . . . . . . . . . . . . . . . . . . . . . .

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

coo 21 Mortgages and other notes payable ( attach schedule) . . . . .

J 22 Other liabilities (describe ► )--------------------

23 Total liabilities ( add lines 17 through 22) .

aa;

Foundations that follow SFAS 117 , check here ►and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . .

25 Temporarily restricted . . . . . . . . .. . . . . . . . . . .

26 Permanently restricted . . . . . . . . . . .

°

U.

0

.. . . . . . . .

Foundations that do not follow SFAS 117,

check here and complete lines 27 through 31. Do- F

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

-

5 448 452. 1 995 , 222.28 Paid-in or capital surplus , or land , bldg , and equipment fund , , , , ,

y 29 Retained earnings, accumulated income, endowment , or other funds

z30 Total net assets or fund balances ( see page 17 of the

instructions ) ............... .......... 5, 448, 452. 4,995, 222 .31 Total liabilities and net assets /fund balances ( see page 17

of the instructions ) ... .. 5,448 , 452. 1 4 , 995, 222 .LEM Analysis of Changes in Net Assets or Fund Balances1 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 5,448, 452 .

2 Enter amount from Part I, line 27a . . . . . . . . . . . . . . . . ............. 2 -450 565 .

3 Other increases not included in line 2 ( itemize ) ► SEE STATEMENT 5 3 3 230 .-------------------------------------

4 Add lines 1 , 2, and 3 4 5 , 0 1117 .

5 Decreases not included in line 2 ( Itemize ) ► SEE STATEMENT 6 5 5 , 895.6 Total net assets or fund balances at end of year ( line 4 minus line 5) - Part II , column (b), line 30 . 6 4,995,222.JSA

8E1420 1 000

Form 990-PF (2008)

CGN645 2XMY 04/28/2009 06:46:43

34-1278622Form'990 - PF(2008)

('anital (ainc and I nccac for Tax on InvPCtmPnt Inr_nmP

( 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 ) Howacquired

P- Purchase

(c) Dateacquired

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

la SEE PART IV DETAILb

c

d

e

(e) Gross sales price ( f) Depreciation allowed(or allowable )

( g) Cost or other basis

plus expense of sale( h) Gain or (loss)

( e) plus (f) minus (g)

a

b

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 (1) Ad j usted basisas of 12 / 31 /69

( k) Excess of col (i)over col ( j), if any

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

a

b

c

d

e

2 Capital gain net income or ( net capital loss){

If gain , also enter in Part I, line 7

If ( loss), enter -0- in Part I , line 7 } 2 -351 , 002.3 Net short-term capital gain or (loss ) as defined in sections 1222(5 ) and (6)

If gain, also enter in Part I , line 8, column ( c) (see pages 13 and 17 of the instructions).

If (loss), enter -0- in Part 1 , line 8. 3

JjEZ T, 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? . . . j Yes © NoIf "Yes," the foundation does not qualify under section 4940 ( e). Do not complete this part.

1 Enter the annroonate amount in each column for each year : see oaae 18 of the instructions before makina any entries.(a)

Base period yearsCalendar year ( or tax year beg i nning in)

(b)Adjusted qualifying distributions

(c)Net value of nonchantable-use assets

(d)Distribution ratio

( col (b) divided by col (c))

2007 222 796. 5 , 280 , 340. 0.042193495122006 166 192. 4 958 447. 0.033516945932005 352 , 968- 4 , 287 , 274. 0.082329237652004 303 283. 3 , 327 , 742. 0.091137774502003 249 614. 2 966 831. 0.08413489006

2 Total of line 1 , column (d) , .. • ,, , ,, , , , ,,, , , , , , , , , , , , • , , , , , .. , , 2 0.333312343263 Average distribution ratio for the 5 -year base period - divide the total on line 2 b

number of years the foundation has been in existence if less than 5 years . . .

y 5 , or

. . .

by the

. . . . . 3 0 . 06666246865

4 Enter the net value of nonchantable-use assets for 2008 from Part X, line 5 4 4 , 568 , 868.

5 Multiply line 4 by line 3 , , , , , , , , , , , , , , , , , , • • , , , , , , , • • • • , , , , , 5 304 , 572.

6 Enter 1% of net investment income ( 1% of Part I , line 27b) . . , . . , . , • , • • , . , . . . , 6 1,010.

7 Add lines 5 and 6 7 305 , 582.

8 Enter qualifying distributions from Part XII , line 4 • • • • • , , , , , , , _ • , • , , • 8 199 , 286.It 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. Seethe Part VI instructions on page 18

JSA8E1430 1 000

CGN645 2XMY 04/28/2009 06:46:43

Form 990-PF 12008)

6 -

90-PF -1278622 Page4

Exc is e Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see page 18 of the instructions)

1a Exempt operating foundations described in section 4940 ( d((2), check here ► q 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 1 2 , 020.

here ► q 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 lb)

2 Tax under section 511 ( domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) . - . 2

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 , 020.

4 Subtitle A (income ) tax (domestic section 4947( a)(1) trusts and taxable foundations only Others enter -0- ) , , . 4 NONE

5 Tax based on investment income . Subtract line 4 from line 3 If zero or less, enter -0 . . . . . . . . . . . . . . 5 2 , 020 .

6 Credits / Payments'

a 2008 estimated tax payments and 2007 overpayment credited to 2008 6a 17 , 660.

b Exempt foreign organizations -tax withheld at source . . . . . . . . . . . . . 6b NONE

c Tax paid with application for extension of time to file ( Form 8868 ) , , , , , . 6c NONE

d Backup withholding erroneously withheld . . . . . . . . . . . . . . . . . . 6d

7 Total credits and payments Add lines 6a through 6d . . . . . . . . . . . . . . . . . . . . . . . . . 7 17 , 660.

8 Enter any penalty for underpayment of estimated tax Check here q 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 15 , 640 .

11 Enter the amount of line 10 to be Credited to 2009 estimated tax ► 2 020. Refunded ► 11 13 , 620.

Statements Regarding Activities

1a did the foundation attempt to influence any national, state, or local legislation or did itDuring the tax year Yes No,

. . . . . . . . . . . . . . . . . . .participate or intervene in any political campaign? la X. . . . . . . . . . . . . . . . .

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19

. . . . . . . . . . . . . . . . . . . . . . . . .of the instructions for definition)? lb X. . . . . . . . . . . . . . . . . . .

If the answer is "Yes" to la or 1b, 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 11 20-POL for this year? 1c X, , , _ , . , , , , , . . . . . . . . . . . . . . . . .

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year

(1) On the foundation ► $ (2) On foundation managers ► $

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on

foundation managers ► $

2 . . . . . . . .Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X. . . . . .

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

"attach a conformed copy of the changes . .or other similar instruments? If "Yesor bylawsincorporation 3 X

4a

. . . . . . . . .,, ,

. . . . . . . . . . . . . .000 or more during the year?Did the foundation have unrelated business gross income of $1 4a X. .,

b " has it filed a tax return on Form 990-T for this year?If "Yes 4b

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .,

or substantial contraction during the year?termination dissolutionWas there a liquidation 5 X. . . . . . . . . . . . . . . . ., , ,

If "Yes," attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either

• 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? . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . 6 X - -

7 "complete Part Il, col (c), and Part XV000 in assets at any time during the year? If "YesDid the foundation have at least $5 7 X,,

8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) ► STMT 7------------------------------------------------------------------ --

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 . . . . . . . . . . . . . . . . 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 49421))(3)

or 4942(j)(5) for calendar year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV on

" complete Part XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .page 27)7 If "Yes . 9 X,

10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their

names and addresses . STMT 8 10 X

Form 990-PF (2008)

JSA

BE 1440 1 000

CGN645 2XMY 04/28/2009 06:46:43 7 -

(2008)

Statements Regarding Activities (continued)34-1 278 622 Pa ge.5

11 At any time during the year , did the foundation , directly or indirectly, own a controlled entity within the

meaning of section 512(b)(3 ) ? If "Yes," attach schedule ( see page 20 of the instructions) . . . . . . . . . . . . . . . . . . . 11 X

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

August 17 , 20087 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 X

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

Website address N/A ------------------------ -- -- - --------- ------ ----

14 The books are in care of CITY BANK_____ Telephone no 00, __ ---- 222__2934 _ _

Located at P _Q_BOX_946511_CLEVELANDL_OH------------------------ ZIP+4 ► 44101_ 4651

----El15 Section 4947 ( a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here . . . . . . . . . . . . . . ►and enter the amount of tax-exempt interest received or accrued during the year . . ► 15

01F. &TREN Statements Reaardinq 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

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? . . . . . . . . q Yes a No

(2) Borrew- money -from , lend money to, or otherwise extend credit to ( or accept it from ) a .. ..^_. _ -

disqualified person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No

(3) Furnish goods, services, or facilities to ( or accept them from) a disqualified person? . . . . . . . Yes X No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . . . . . . Yes X 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 )? . . . . . . . . . . . . . . . . . . . . . . . . . . . q Yes a 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 ) . . . . . . . . . . . . . . . . q Yes I 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 )? • • • • . • • • 1b

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 1 a, other than excepted acts, that

were not corrected before the first day of the tax year beginning in 20087 . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 (j )(5))-

* 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 20082 . . . . . . . . . . . . . . . . . . . . . . . . . q Yes I-XI 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 income? ( If applying section 4942(a))2)

to all years listed , answer "No " and attach statement - see page 20 of the instructions ) . . . . . . . . . . . . . . . . . . . . 2b X

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 time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q 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) . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . 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 jeopardy before the first day of the tax year beginning in 20087 . . . . . 4b X

Form 990-PF (2008)

JSABE1450 1 000

CGN645 2XMY 04/28/2009 06:46:43 8

Forrrk99 0-PF ( 2008) 34-1278622 Page.6

•^ITIM Statements Recgardinq Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to,

? Y a N. . . . . .(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945 (e)) . es o

(2) Influence the outcome of any specific public election ( see section 4955 ), or to carry on,

directly or indirectly, any voter registration drive? . . . . . . . . . . . . . . • • , , , • , , Yes X No

(3) Provide a grant to an individual for travel , study, or other similar purposes? . . _ , , , , , • , • Yes X No

(4) Provide a grant to an organization other than a charitable , etc , organization described in

? El Y a N(see page 22 of the instructions ) • . . . . .section 509 ( a))1), (2), or ( 3), or section 4940 ( d)(2) es o

(5) Provide for any purpose other than religious, charitable , scientific, literary, or

lf h l ? El Y [A Ndren or animai s . . . . . . . . . .educational purposes , or for the prevention o cruelty to c es o

b If any answer is "Yes" to 5a ( 1(-(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53 4945 or in a current notice regarding disaster assistance ( see page 22 of the instructions ) ? . . . 5b

h k h qere . . . . . . . . . .ecOrganizations relying on a current notice regarding disaster assistance c . . . . .

c If the answer is "Yes" to question 5a ( 4(, does the foundation claim exemption from the tax

?

q

Yes

q

No. . . . . . . . . . . . . . . . .because it maintained expenditure responsibility for the grant

- - - If "Yes," attach the statement required by Regulations section 53 4945-5 (d) - b-. _ - .

6a Did the foundation , during the year, receive any funds, directly or indirectly , to pay premiums

f ? El Yes No. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .on a personal bene it contract

b directly or indirectly, on a personal benefit contract?during the year pay premiumsDid the foundation 6b X, ,, , , , , , • , , • , • .

7a

If you answered "Yes" to 6b, also file Form 8870

At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction? El Yes No

b If ves . did the foundation receive any Droceeds or have any net income attributable to the transaction? . . . . . . . . . . . . 7b

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,and Contractors

1 list all nfficers directors- trustees- foundation managers and their compensation (see oaae 22 of the instructions).

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

hours per weekdevoted to p osition

(c) Compensation

( If not paid , enter-0 -

(d) Contributions toemployee benefit plans

and deferred com pensation

(e) Expense account,

other allowances

--------------------------------------

SEE STATEMENT 9 -0- -0- -0-

--------------------------------------

--------------------------------------

--------------------------------------

2 Compensation of five highest-paid employees (other than those included on line 1 -see page 23 of the instructions).If nnne enter "NONF"

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

hours per weekdevoted to position

(c) Compensation

(d) Contributionstoemployee benefitplans and deferredcompensation

( e) Expense account,other allowances

--------------------------------------

NONE NONE NONE NONE

--------------------------------------

--------------------------------------

--------------------------------------

---------------------------------------

Total number of other employees paid over $50,000 . . ► I NONE

Form 990-PF (2008)

JSA8E1460 1 000

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• 34-1278622Form 890-PF ( 2008)

Information About Officers, Directors , Trustees, Foundation Managers , Highly Paid Employees,and Contractors (continued)

3 Five highest-paid independent contractors for professional services ( see page 23 of the instructions ). If none, enter "NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE---------------------------------------------------- I

NONE

Total number of others receiving over $50,000 for professional services • 11-1 NONE

Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the numberExpenses

of organizations and other beneficiaries served, conferences convened, research papers produced, etc

1NONE

2

---------------------------------------------------------------------

----------------------------------------------------------------------------

3----------------------------------------------------------------------------

4----------------------------------------------------------------------------

• U Summary of Program-Related Investments (see nacre 23 of the instructions)

Describe the two largest program-related i nvestments made by the foundation during the tax year on lines 1 and 2 Amount

1NONE-----------------------------------------------------------------------

-----------------------------------------------------------------------------

2----------------------------------------------------------------------------

----------------------------------------------------------------------------

All other program -related investments See page 24 of the instructions

3NONE------------------------------------------=--=----------------------------------------------------------------------------------------------------------

Total . Add lines 1 throu g h 3 . . . ► -

Form 990-PF (2008)

JSA

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CGN645 2XMY 04/28/2009 06:46:43 10 -

Form 990-PP ( 2008 ) 34-1278622

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,

see page 24 of the instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc ,

purposes

a Average monthly fair market value of securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . la

b Average of monthly cash balances , , , , , , , , , , , , , , , , , , , , , , , , lb

c Fair market value of all other assets (see page 24 of the instructions) , , , , , , , , , , , , , , , , , , , 1c

d Total (add lines 1a, b, and c) 1d

e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) . . . . . le

2 Acquisition indebtedness applicable to line 1 assets 2............................3 Subtract line 2 from line 1d 3.. .. . ..... ... ...4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see page 25

of the instructions) 4

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

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

4,638,445.

NONENONE

4,638,445.

NONE

4,638,445.

69,577.

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operatingfoundations and certain foreign organizations check here ► 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 2 , 020.

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 56 Deduction from distributable amount (see page 25 of the instructions) . . . . . . . . . . . . . . . . . . 6

7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII,

line1 ........................................ ... .. 7

4,568,868.228,443.

228,443.

2,020.226,423.

NONE226,423.

NONE

226.423.

Qualifying Distributions (see page 25 of the instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes

a Expenses, contributions, gifts, etc. -total from Part I, column (d), line 26 , , , , , , , , , , , , , , , , , la 199 , 286.

b Program-related investments - total from Part IX-B 1b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes ......... ........... ......................... ...... 2 NONE3 Amounts set aside for specific charitable projects that satisfy the:

a Suitability test (prior IRS approval required) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a NONEb Cash distribution test (attach the required schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b NONE

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 , , , , . , 4 199 , 286.5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income

Enter 1%of Part 1, line 27b (see page 26 of the instructions) , , , , , , , , , , , , , , , , , , , , , , , 5 N /A6 Adjusted qualifying distributions . Subtract line 5 from line 4, , , , , , , , , , , , , , , , , , , , , 6 199 , 286.

Note:_The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundationqualifies for the section 4940(e) reduction of tax in those years.

Form 990-PF (2008)

JSA

8E1470 1 000

CGN645 2XMY 04/28/2009 06:46:43 11 -

34-1278622

Form 990-PF

Undistributed Income (see

1 Distributable amount for 2008 from Part XI,

line 7 . . . . . . . . . . .

2 Undistributed income, if any, as of the end of 2007

a Enter amount for 2007 only . . . . . . . . . .

b Total for prior years 20 , 20 , 20

3 Excess distributions carryover , if any, to 2008

a From 2003 50 967 .

b From 2004 138 , 944.

c From 2005 151 , 709.

d From 2006 . . . . NONE

e From 2007 NONE

f Total o€-,fles -3a t-hrough e . . . . . . . . . . .

4 Qualifying distributions for 2008 from Part XII,

line4 ► $ 199,286.a Applied to 2007, but not more than line 2a , , ,

b Applied to undistributed income of prior years ( Election

required - see page 26 of the instructions ) . . . . . _

c Treated as distributions out of corpus ( Election

required - see page 26 of the instructions) . .

d Applied to 2008 distributable amount , , , . .

e Remaining amount distributed out of corpus . .

5 Excess distributions carryover applied to 2008 ,

(if an amount appears in column (d), the same

amount must be shown in column (a) )6 Enter the net total of each column as

indicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years ' undistributed income Subtract

line 4b from line 2b

c Enter the amount of prior years ' undistributed

income for which a notice of deficiency has been

issued , or on which the section 4942 ( a) tax has

been previously assessed . . . . . . . . . . .

d Subtract line 6c from line 6b . Taxable

amount - see page 27 of the instructions ,

e Undistributed income for 2007 Subtract line4a from line 2a Taxable amount - see page27 of the instructions . . . . . . . . . . . . .

f Undistributed income for 2008 Subtract lines

4d and 5 from line 1 This amount must bedistributed in 2009 ...............

7 Amounts treated as distributions out of corpus

to satisfy requirements imposed by section170(b)( 1)(F) or 4942 ( g)(3) (see page 27' of the

instructions ) . . . . . . . . . . . . . . .8 Excess distributions carryover from 2003 not

applied on line 5 or line 7 (see page 27 of theinstructions ) . . . . . . . . . . . . . . . . . .

9 Excess distributions carryover to 2009.

Subtract lines 7 and 8 from line 6a . . . . . . .

10 Analysis of line 9

a Excess from 2004 . . 138 , 944.

b Excess from 2005 , . . 151 , 709.

c Excess from 2006 . . . NONE

d Excess from 2007 . . . NONE

e Excess from 2008 NONE

JSA

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26 of the instructions)

(a) (b)

Corpus Years prior to 2007

27

23,830

3

9

(c) (d)

2007 2008

226 423.

NON

NON

199 286.

27 , 137.

NON

Form 990-PF (2008)

12 -

Form 990-PF (2008) 34-1278622 ,

Private Operating Foundations ( see p a g e 27 of the instructions and Part VII-A, q uestion 9 ) NOT APPLICABLE

1 a If the foundation has received a ruling or determination letter that it is a private operating

10,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 operating foundation described in section 4942 ())( 3) or 4942(j)(5)

2 a Enter the lesser of the ad-

)usted net income from Part

1 or the minimum investmentreturn 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 2c " " " " , ,

3 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 qualifying

under section

4 9 4 2 111(3)(B)11" " " . .b 'Endowment' alternative test-

enter 2/3 of minimum invest.

ment return shown in Part X,

line 6 for each year listed "

C 'Support" alternative test - enter

(1) Total support other than

gross investment income

(interest, dividends, rents,

payments on securities

loans (sect on 5121a11511.or royalties)" . . . , .

(2) Support from general

public and 5 or more

exempt organizations asprovided in section 4942

(1)(3)(13)(111) . . . . "

(3) Largest amount of sup-

port from an exempt

organization " " " " "

)e) Total

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

_

(4) Gross investment income "

Tax year Prior 3 years

Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at anytime during the year - see page 27 of the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation

before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2)

JOHN P. SCOTFORDb 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.

N/A2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship, etc., Programs: -

Check here ► q if the foundation only makes contributions to preselected charitable organizations and does not accept

unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the 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

SEE STATEMENT 10

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

SEE ATTACHED STATEMENT FOR LINE 2

c Any submission deadlines:

SEE ATTACHED STATEMENT FOR LINE 2

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

factors

SEE ATTACHED STATEMENT FOR LINE 2J Form 990-PF (2008)

8E14900 1000

CGN645 2XMY 04/28/2009 06:46:43 13 -

34-1278622Form 990-PF ( 2008 ) Page 1 1

Supplementary Information ( continued)3 (rants and (_ nntrihrrtinns Paid During the Year or Anoroved for Future Payment

Reci pientIt is an individual,show any relationship to

Foundationft t

Purpose of grant or Amount

Name and address (home or business) anysubssubstantndauialonmanager

contributoror

s a us o

reci p ientcontribution

a Paid during the year

SEE STATEMENT 11

................................................Total . ► 3a 196 935.

b Approved for future payment

Total 3bI

Form 990-PF (2008)

JSA

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CGN645 2XMY 04/28/2009 06:46:43 14 -

Form 990-PF (2b08 )

34-1278622

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelated business income Excluded b section 512, 513, or 514 (e)

1 Pro

a

b

c

d

e

f

9

2 Me

3 Inter

4 Dlvi

5 Net

a

b

6 Net

7 Oth

8 Gain

9 Net

10 Gro

11 Oth

b

c

d

e

12 Sub

13 Total . Add line 12, columns ( b), (d), and (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 -223,932.

(See worksheet in line 13 instructions on page 28 to verify calculations )

_• 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 of the foundation's exempt purposes ( other than by providing funds for such purposes) (See

page 28 of the instructions )

NOT APPLICABLE

JSA

8E1492 1 000

CGN645 2XMY 04/28/2009 06:46:43

Related or exem t

ram service revenue

(a)Business code

MAmount

(c)Exclusion code

(d)

Amount

pfunction income( See page 28 ofthe instructions

Fees and contracts from government agencies

bershlp dues and assessments , , , , ,

est on savings and temporary cash investments

dends and interest from securities 14 126 , 754.

rental income or (loss ) from real estate:- -

Debt-financed property . . . . . . . ._

Not debt-financed property . . . . . . .

ental income or ( loss) from personal property

er investment income , , , , , , , - 14 316 .. .

or (loss) from sales of assets other than inventory 18 - 3 51 002.

Income or ( loss) from special events , , ,

ss profit or ( loss) from sales of inventory .

er revenue a

total Add columns ( b), (d), and (e) . -223 932 .

g

m

r

Form 990-PF (2008 ) 34-1278622

Information Regarding Transfers To and Transactions and Relationships With NoncharitableExemat Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section Yes No

501(c) of 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 ..........................................................1a(1) X

(2) Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a(2) X

b Other transactions

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

(2) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b(2 X

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

(4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b(4) X

(5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b(5) X

(6) Performance of services or membership or fundraising solicitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b(6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . . . . . 1c X

d If tbc-answecto 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 column (d) the value of the goods, other assets, or services received

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

Under penalties of perjury, I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge andbelief, it is tru , corre endJplete DecI ration o preparer ( other than taxpayer or fiduciary ) is based on all information of which preparer has any knowledge

05-07- 09 ' / ru S leeG) S nature of officer or trustee Date Title

CD

=

pt

U)

>.

preparer' s

signature

V

.

Date

04 / 28 / 2009

Check if

self-employed 0'1::]

Preparer ' s identifying number(See Signature on page 30 of theinstructions)

a d = Firm ' s name ( or yours if NATIONAL CITY BANK EIN ► -

self-employed), address,

and ZIP codeP.O. 94651CLEVELAND , OH 44101-4651 Phone no

Form 990-PF (2008)

JSA

8E1493 1 000

CGN645 2XMY 04/28/2009 06:46:43 16 -

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 5277 . . . . . . . . . . . . . . . . . . . . . . . . . q Yes q No

h If "Yes " cmmnlete the fnllnwina schedule

Schedule B ^ Schedule of Contributors OMB No 1545-0047^(Form 990, 990-EZ,

or 990-PF) ► Attach to Form 990, 990-EZ, and 990-PF.

Department of the Treasury 2

008

Internal Revenue Service

Name of the organization Employer identification number

SCOTFORD FOUNDATION 34-1278622

Organization type (check one)-

Filers of- Section:

Form 990 or 990-EZ q 501(c)( ) (enter number) organization

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

q 527 political organization

Form 990-PF q 501(c)(3) exempt private foundation

q 4947( a)(1) nonexempt charitable trust treated as a private foundation

q 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

q For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 331/3% support test of the regulations

under sections 509(a)(1)/170(b)l1)(A)(vi), 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 exclusivelyfor religious, charitable,-

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

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, 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).

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions

for Form 990 These instructions will be issued separately

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

JSA

8E1251 1 000

CGN645 2XMY 04/28/2009 06:46:43 22 -

Schedule B ( Form 990 , 990-E2 , or 990 PF ) ( 2008 ) Page of of Part I

Name of organization Employer identification number


Contributors (see instructions)

(a)No.

(b)

Name, address , and ZIP + 4(c)

Aggregate contributions(d)

Type of contribution

1 JOHN P. SCOTFORD JR Person

3369 OLDE WINTER TRAIL $ 5,000.Payroll

Noncash

POLAND, OH 44514(Complete Part if there isa noncash contribution )-

(a)No.

(b)

Name, address , and ZIP + 4(c)

Aggregate contributions(d)

Type- of contribution

2 STEPHEN SCOTFORD Person

188 LUDLOW ST., APT 23C $ 10,000 .Payroll

Noncash

NEW YORK, NY 10002(Complete Part if there isa noncash contribution

( a)No.

(b)Name , address , and ZIP + 4

(c)Aggregate contributions

(d)Type of contribution

3 JOHN P. SCOTFORD PersonPayroll

5591 NE 33RD AVE $ 10,000. Noncash

FORT LAUDERDALE, FL 33308(Complete Part if there is

oncash contributiona n

(a)No.

(b)Name, address, and ZIP + 4



Person

$

Payroll

Noncash

(Complete Part II if there isa noncash contribution

( a)No.

(b)Name, address , and ZIP + 4



-Person

$

Payroll

Noncash

(Complete Part II if there isa noncash contribution

( a)No.

(b)Name, address , and ZIP + 4



Person

$

Payroll

Noncash

(Complete Part II if there isn )a ash t ib ti -nonc con r u o

JSA

8E 1253 1 000

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

CGN645 2XMY 04/28/2009 06:46:43 23

FORM 990-PF - PART IVCAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME

Kind of Property Description

P

DDate

acquiredDate sold

Gross sale Depreciation Cost or FMV Add basis Excess of Gainprice less allowed / other as of as of FMV over or

_expenses of sale all owable hi-is 12/31/69 12/31/69 ad i basis ( loss )

TOTAL LONG-TERM CAPITAL GAIN DIVIDENDS 56,594.

100000. FHLMC 4.50 8/1 11/19/2007 01/07/2008PROPERTY TYPE: SECURITIES

100,000.00 100,003.00 -3.00

7548. JPMORGAN TR II S/C VALUE FD 12/30/2007 01/08/2008PROPERTY TYPE: SECURITIES

130,052.00 118,892.00 11,160.00

100000. FHLB 3.72% 1/1 11/19/2007 01/14/2008PROPERTY TYPE: SECURITIES

100,000.00 100,176.00 - -176.00

7358.563 JPMORGAN TR II 12/03/2007 01/14/2008PROPERTY TYPE: SECURITIES

151,954.00 162,774.00 -10,820.00

12876.254 JPMORGAN TR II DIVRS M/C VALUE 12/03/2007 01/14/2008PROPERTY TYPE: SECURITIES

121,938.00 179,722.00 -57,784.00

700. SPIRIT AEROSYSTEMS 11/20/2007 01/14/2008PROPERTY TYPE: SECURITIES

19,644.00 24,548.00 -4,904.00

100000. DAIMLERCHRYSLER NA 4.75% 1/1 11/19/2007 01/15/2008PROPERTY TYPE: SECURITIES

100,000.00 102,033.00 -2,033.00

100000. FHLB 4.25% 1/0 11/19/2007 02/21/2008PROPERTY TYPE: SECURITIES

100,000.00 100,003.00 -3.00

1480. CHESAPEAKE ENERGY CORP COM 12/13/2007 02/28/2008PROPERTY TYPE: SECURITIES

68,361.00 57,203.00 11,158.00

75. DEERE & CO COM 01/23/2008 02/28/2008PROPERTY TYPE: SECURITIES

6,447.00 6,136.00 311.00

JSA

8121730 1 000

CGN645 2XMY 04/28/2009 06:46:43 17



P

DDate

acquiredDate sold

Gross sale Depreciation Cost or FMV Add basis Excess of Gain

price less allowed / other as of as of FMV over orex enses of sale all owable ad i basis ( loss )

1275. EQUITABLE RES CORP COM 01/23/2008 02/28/2008PROPERTY TYPE: SECURITIES

80,293.00 67,829.00 12,464.00

275. KBR INC 12/13/2007 02/28/2008PROPERTY TYPE: SECURITIES

9,595.00 10,993.00 -1,398.00

1400. PROCTER & GAMBLE CO COM 01/23/2008 02/28/2008PROPERTY TYPE: SECURITIES

93,620.00 82,484.00 11,136.00

105. FOSTER WHEELER LTD 01/14/2008 02/28/2008PROPERTY TYPE: SECURITIES

6,745.00 7,376.00 -631.00

830. VANGUARD INTL EQ INDX EMRG MTK ETF 11/23/2007 05/14/2008PROPERTY TYPE: SECURITIES

86,290.00 85,824.00 466.00

500. ANGLO AMERICAN ADR PLC 11/23/2007 06/03/2008PROPERTY TYPE: SECURITIES

16,788.00 15,786.00 1,002.00

350. APACHE CORP COM 02/28/2008 06/03/2008PROPERTY TYPE: SECURITIES

47,225.00 41,513.00 5,712.00

400. COLGATE PALMOLIVE CO COM 02/28/2008 06/03/2008PROPERTY TYPE: SECURITIES

29,257.00 30,820.00 -1,563.00

1100. CORNING INC COM 11/23/2007 06/03/2008PROPERTY TYPE: SECURITIES

29,746.00 25,168.00 4,578.00

325. GENZYME CORP COM 11/20/2007 06/03/2008PROPERTY TYPE: SECURITIES

21,981.00 23,449.00 -1,468.00

900. INTERNATIONAL GAME TECHNOLOGY COM 12/13/2007 06/03/2008PROPERTY TYPE: SECURITIES

31,178.00 39,619.00 -8,441.00

JJA

8E1730 1 000

CGN645 2XMY 04/28/2009 06:46:43 18



P

DDate

acquiredDate sold


ex enses of sale a l l owabl e ad basis ( loss )

200. JOY GLOBAL INC COM 11/23/2007 06/03/2008PROPERTY TYPE: SECURITIES

16,693.00 10,476.00 6,217.00

825. SCHERING PLOUGH CORP COM 11/16/2007 06/03/2008PROPERTY TYPE: SECURITIES

16,634.00 24,798.00 -8,164.00

200. SUNTECH PWR HLDGS CO LTD 11/23/2007 06/03/2008PROPERTY TYPE: SECURITIES

8,266.00 13,607.00 -5,341.00

1250. SYMANTEC CORP COM 11/20/2007 06/03/2008PROPERTY TYPE: SECURITIES

26,300.00 21,711.00 4,589.00

550. TARGET CORP 11/20/2007 06/03/2008PROPERTY TYPE: SECURITIES

29,261.00 29,165.00 96.00

100000. FORD MOTOR CRED 4.950 6/2 11/19/2007 06/20/2008PROPERTY TYPE: SECURITIES

100,000.00 100,000.00

225. AMERICAN INTL GROUP INC COM 01/23/2008 11/20/2008PROPERTY TYPE: SECURITIES

331.00 12,185.00 -11,854.00

750. AMERICAN INTL GROUP INC COM 11/16/2007 11/20/2008PROPERTY TYPE: SECURITIES

1,102.00 42,636.00 -41,534.00

2600. HOLOGIC INC COM 01/23/2008 11/20/2008- PROPERTY TYPE: SECURITIES

31,694.00 82,782.00 -51,088.00

1000. JOHNSON CTLS INC COM 06/03/2008 11/20/2008- PROPERTY TYPE: SECURITIES

14,220.00 34,016.00 -19,796.00

625. LEGG MASON INC COM 11/23/2007 11/20/2008PROPERTY TYPE: SECURITIES

8,046.00 44,387.00 -36,341.00

JSA

SE 1730 1 000

CGN645 2XMY 04/28/2009 06:46:43 19



P

DDate

acquiredDate sold


ex enses of sale a ll o wable hasig 12/31 /F;9 12/31199 ad i basis loss

750. MERCK & CO INC COM 11/23/2007 11/20/2008PROPERTY TYPE: SECURITIES

18,563.00 43,640.00 -25,077.00

750. MERRILL LYNCH & CO INC COM 12/13/2007 11/20/2008

PROPERTY TYPE: SECURITIES6,700.00 41,385.00 -34,685.00

600. SUNTECH PWR HLDGS CO LTD 02/28/2008 11/20/2008PROPERTY TYPE: SECURITIES

3,438.00 35,963.00 -32,525.00

1000. THOMPSON CREEK MTLS CO 06/03/2008 11/20/2008PROPERTY TYPE: SECURITIES

2,538.00 21,372.00 -18,834.00

1475. TRINITY INDS INC COM 01/14/2008 11/20/2008PROPERTY TYPE: SECURITIES

15,489.00 37,590.00 -22,101.00

1000. TRINITY INDS INC COM 11/16/2007 11/20/2008PROPERTY TYPE: SECURITIES

10,501.00 27,173.00 -16,672.00

1500. VALUECLICK INC COM 12/13/2007 11/20/2008PROPERTY TYPE: SECURITIES

7,500.00 32,033.00 -24,533.00

900. YAMANA GOLD INC 11/23/2007 11/20/2008PROPERTY TYPE: SECURITIES

3,268.00 12,384.00 -9,116.00

2000. YAMANA GOLD INC 11/16/2007 11/20/2008PROPERTY TYPE: SECURITIES

7,261.00 26,140.00 -18,879.00

500. ISHARES TR S&P GBL TELCM- 06/03/2008 12/03/2008PROPERTY TYPE: SECURITIES

24,508.00 35,229.00 -10,721.00

JSA8E1730 1 000

CGN645 2XMY 04/28/2009 06:46:43 20

FORM 990-PF - PART IVrAPITni r;AINS AND I OS-qFS FOR TAX ON INVESTMENT INCOME---- ----- ----

Kind of Property

--- ----- ------ - ---Description

P

DDate

acquiredDate sold

Gross sale Depreciation Cost or FMV Add basis Excess of Gain

price less allowed/ other as of as of FMV over or

ex enses of sale all owable hagig 9/ -11 /r9 /11 /I;q ad basis ( loss )

TOTAL GAIN(LOSS) ...... ........................................ -351,002.

JSA8E1730 1 000

CGN645 2XMY 04/28/2009 06:46:43 21

SCOTFORD FOUNDATION

FORM 990PF,PART I- ACCOUNTING FEES

DESCRIPTION

NATIONAL CITY BANK

TOTALS

REVENUEAND NET

34-1278622

ADJUSTEDEXPENSES INVESTMENT NET CHARITABLEPER BOOKS INCOME INCOME PURPOSES--------- ------ ------ --------

150. 150.-------------- -------------- -------------- --------------

150. NONE NONE 150.-------------- -------------- -------------- ---------------------------- -------------- -------------- --------------

- CC;NF4', 2XMY 174 /7p/7(1(19 f1F • 4F • 41 24 gTATF.MP.NT 1


FORM 990PF, PART I - OTHER PROFESSIONAL FEES----------------------------------------------------------------------------------------

REVENUEAND NET

EXPENSES INVESTMENTDESCRIPTION PER BOOKS INCOME----------- --------- ------

OTHER PROFESSIONAL FEES 2,000.CUSTODIAN & MANAGEMENT FEES (A 24,416. 24,416.

-------------- --------------TOTALS 26,416. 24,416.

-------------- ---------------------------- --------------

CHARITABLEPURPOSES

2,000.

--------------2, 000.

----------------------------

- C(Nti4S 7XMY n4/7R/70n9 (lf•4ti•4'1 9 C, gTATFMPNT 2

SCOTFORD FOUNDATION

FORM 990PF, PART I - TAXES

--------------------------

DESCRIPTION

FOREIGN TAXESFEDERAL TAX PAYMENT - PRIOR YEFEDERAL ESTIMATES - INCOMEFOREIGN TAXES ON QUALIFIED FORFOREIGN TAXES ON NONQUALIFIED

TOTALS

34-1278622

REVENUEAND NET

EXPENSES INVESTMENTPER BOOKS INCOME--------- ------

101. 101.8,622.

17,660.1,269 . 1,269.

185. 185.

27,837. 1,555.------- --------------------- --------------

- Cr r14c, 7XMY n4 /78 /2nnc) nr, - 4F • 4-^ gTATF.MP.NT

SCOTFORD FOUNDATION

FORM 990PF, PART I - OTHER EXPENSES----------------------------------------------------------------------

DESCRIPTION

MISC FOUNDATION EXPENSESSTATE FILING FEEADR SERVICE FEES

TOTALS

34-1278622

REVENUEAND NET

EXPENSES INVESTMENTPER BOOKS INCOME--------- ------

1.200.94. 94.

-------------- --------------295. 94.

-------------- ---------------------------- --------------

CHARITABLEPURPOSES

1.200.

--------------201.

----------------------------

i

- C(;NF4c, 7XMY n4 /7R /2nnq nc, - 4F • 4-^ 27 gTATPMFNT 4


FORM 990PF, PART III - OTHER INCREASES IN NET WORTH OR FUND BALANCES

DESCRIPTION

PRINCIPAL REPAYMENTBASIS ADJUSTMENTITEM POSTED IN PRIOR YR FOR CURR YR

AMOUNT

3,000.192.38.

--------------TOTAL 3,230.

----------------------------

STATEMENT 5

XD576 2OODCGN645 2XMY 04/28/2009 06:46:43 28


FORM 990PF, PART III - OTHER DECREASES IN NET WORTH OR FUND BALANCES

DESCRIPTION AMOUNT

ITEMS POSTED IN SUBSEQ YR FOR CURR YR 1,126.ADJUSTMENT TO LOAN BASIS 3,000.BEGINNING BALANCE ADJUSTMENT 1,767.ROUNDING ADJUSTMENT 2.

TOTAL 5,895.

STATEMENT 6

X0576 2000

CGN645 2XMY 04/28/2009 06:46:43 29

SCOTFORD FOUNDATION

-------------------------------------------STATE(S) WHERE THE FOUNDATION IS REGISTERED--------------------------------------------------------------------------------------

OH

34-1278622

STATEMENT 7

XD576 2 000CGN645 2XMY 04/28/2009 06:46:43 30


FORM 990PF, PART VII-A - NEW SUBSTANTIAL CONTRIBUTORS

-----------------------------------------------------

NAME AND ADDRESS----------------

JOHN P. SCOTFORD JR3369 OLDE WINTER TRAILPOLAND, OH 44514

STEPHEN SCOTFORD188 LUDLOW ST., APT 23CNEW YORK, NY 10002

JOHN P. SCOTFORD5591 NE 33RD AVEFORT LAUDERDALE, FL 33308

STATEMENT 8

XD576 2000CGN645 2XMY 04/28/2009 06:46:43 31


FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

-----------------------------------------------------------------

OFFICER NAME:JOHN P. SCOTFORD

ADDRESS:5591 NE 33RD AVEFORT LAUDERDALE, FL 33308

TITLE:TRUSTEE

AVERAGE HOURS PER WEEK DEVOTED TO POSITION: 5

OFFICER NAME:E. JUDITH SCOTFORD

ADDRESS:5591 NE 33RD AVEFORT LAUDERDALE, FL 33308

TITLE:TRUSTEE


OFFICER NAME:JOHN P. SCOTFORD JR.

ADDRESS:3369 OLDE WINTER TR.POLAND, OH 44514

TITLE:TRUSTE


STATEMENT 9

XD576 2 000CGN645 2XMY 04/28/2009 06:46:43 32

SCOTFORD FOUNDATIONFORM 990PF, PART XV - LINES 2a - 2d-----------------------------------

34-1278622 .

RECIPIENT NAME:JOHN P. SCOTFORD

ADDRESS:211 SOUTH MAIN STREETPOLAND, OH 44514

RECIPIENT'S PHONE NUMBER: 330-757-3761FORM, INFORMATION AND MATERIALS:WRITTEN REQUEST SHOULD INCLUDE THE PURPOSE FOR WHICH THE GRANT WILL BEUSED AND A COPY OF THE ORGANIZATION'S IRS EXEMPTION LETTER

SUBMISSION DEADLINES:NONE

RESTRICTIONS OR LIMITATIONS ON AWARDS:NONE

STATEMENT 10

XD576 2000CGN645 2XMY 04/28/2009 06:46:43 33 -

SCOTFORD FOUNDATION 34-1278622FORM 99QPF, PART XV, LINE 3 - CONTRIBUTIONS, GIFTS, GRANTS PAID---=--------------------------------------------------------------------------------------------------------------------------

RECIPIENT NAME:SEE ATTACHED SCHEDULE

AMOUNT OF GRANT PAID ............................................ 196,935.

TOTAL GRANTS PAID: 196,935.---------------- ---------------

STATEMENT 11

XD576 2000CGN645 2XMY 04/28/2009 06:46:43 34 E

SCOTFORD FOUNDATION 34-1278622FORM 990-PFTAX YEAR ENDING 12/31/2008

PART XV GRANTS AND CONTRIBUTIONS PAID

RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR

AND PURPOSE OF GRANTRECIPIENT NAME AND ADDRESS FOUNDATION STATUS OF RECIPIENT OR CONTRIBUTION

L'ABRI FELLOWSHIP FOUNDATION N/A GENERAL SUPPORT49 LYNBROOK RD

SOUTHBOROUGH MA 01772

BULLDOG TURF CLUB

P 0 BOX 14354

POLAND OH 44514

TEPC

2432 S RACCOON ROAD

YOUNGSTOWN OH 44515

BILLY GRAHAM EVANGELISTIC ASSOC

P 0 BOX 1270

CHARLOTTE NC 28201-1270

CAMPUS CRUSADE FOR CHRIST

100 LAKE HART DRIVE

ORLANDO FL 32832-0100

CARE NET PREGNANCY CENTER OF MAHONING

VALLEY

4845 MARKET STREET

YOUNGSTOWN OH 44512

PUBLIC

N/A

PUBLIC

N/A

PUBLIC

N/A

PUBLIC

N/A

PUBLIC

N/A

PUBLIC

AMOUNT

$12,500.00

GENERAL SUPPORT $5,000 00



GENERAL SUPPORT $3,000.00



FORM 990-PFTAX YEAR ENDING 12/31/2008



AND PURPOSE OF GRANT

RECIPIENT NAME AND ADDRESS FOUNDATION STATUS OF RECIPIENT OR CONTRIBUTION AMOUNT

FOCUS ON THE FAMILY N/A GENERAL SUPPORT $1,00000

8605 EXPLORER DRIVE PUBLIC

COLORADO SPRINGS CO 80920

HOPE WOMEN'S CENTERS N/A GENERAL SUPPORT $1,000.00

P 0 BOX 290061 PUBLIC

DAVIE FL 33329-0061

PENGUIN CLUB N/A GENERAL SUPPORT $802 00

YOUNGSTOWN STATE UNIVERSITY PUBLIC

ONE UNIVERSITY PLAZA

YOUNGSTOWN OH 44555

POLAND ALL-SPORTS BOOSTER CLUB N/A GENERAL SUPPORT $1,000 00

P 0 BOX 5021 PUBLIC

POLAND OH 44514

PRISON FELLOWSHIP N/A GENERAL SUPPORT $1,000 00

MAIL PROCESSING CENTER PUBLIC

P 0 BOX 1550

MERRIFIELD VA 22116-1550

WESTMINSTER COLLEGE N/A GENERAL SUPPORT $15,833 00

319 S MARKET ST PUBLIC

NEW WILMINGTON PA 16142-9989






WHITWORTH UNIVERSITY N/A GENERAL SUPPORT $15,000 00

300 W HAWTHORNE RD PUBLIC

SPOKANE WA 99251

YOUNGSTOWN FOUNDATION N/A GENERAL SUPPORT $1,00000

20 FEDERAL PLAZA WEST PUBLIC

YOUNGSTOWN OH 44503

CORAL RIDGE PRESBYTERIAN CHURCH N/A GENERAL SUPPORT $12,000 00

5555 NORTH FEDERAL HIGHWAY PUBLIC

FORT LAUDERDALE FL 33308

PETERSON PARK N/A GENERAL SUPPORT $10,500 00

P 0 BOX 5494 PUBLIC

POLAND OH 44514

PYSA N/A GENERAL SUPPORT $1,000.00

P 0 BOX 5123 PUBLIC

POLAND OH 44514

NORTH PARK CHURCH N/A SLIPPERY ROCK $12,000 00

600 INGOMAR ROAD PUBLIC CHURCH PLAN

WEXFORD PA 15090 DONATION

OHIO ROUNDTABLE N/A OPERATING $21,000 00

11288 ALAMEDA DRIVE PUBLIC EXPENSES

STRONGSVILLE 44149-3001




AND PURPOSE OF GRANTRECIPIENT NAME AND ADDRESS [ FOUNDATION STATUS OF RECIPIENT OR CONTRIBUTION AMOUNTKNOX THEOLOGICAL SEMINARY AUXILIARY N/A GENERAL SUPPORT $200.00

5554 N FEDERAL HIGHWAY PUBLICFORT LAUDERDALE FL 33308

EVANGELISM EXPLOSION INTERNATIONAL N/A GENERAL SUPPORT $500 005554 N FEDERAL HIGHWAY PUBLIC


STEEL VALLEY FCA N/A GENERAL SUPPORT $7,00000365 MCCLURG RD PUBLICYOUNGSTOWN OH 44512

YOUNGSTOWN FOUNDATION N/A STEEL VALLEY FCA $5,0000020 FEDERAL PLAZA WEST PUBLIC

YOUNGSTOWN OH 44503

SALVATION ARMY N/A GENERAL SUPPORT $100001501 GLENWOOD AVENUE PUBLIC

YOUNGSTOWN OH 44511

SPRINGFIELD LITTLE TIGERS N/A GENERAL SUPPORT $100 0049 PHILROSE LANE PUBLIC

POLAND OH 44514

FIRST PRIORITY OF SOUTH FLORIDA N/A GENERAL SUPPORT $500 005110 N FEDERAL HWY, STE 200 PUBLIC







GLASSES FOR MISSION INC $500 00

4310 SE 4TH STREET N/A GENERAL SUPPORT

PLANTATION FL 33317 PUBLIC

TOWN ONE STREETSCAPES INC N/A GENERAL SUPPORT $350 00P 0 BOX 5494 PUBLIC

POLAND OH 44514

STEEL VALLEY FCA N/A

365 MCCLURG RD PUBLIC

YOUNGSTOWN OH 44512

POLAND BOYS BASKETBALL CLUB N/A

7650 LOCUST LANE PUBLIC

POLAND OH 44514

TALK IS CHEAP INC N/A

760 OAKRIDGE DR PUBLIC

BOARDMAN OH 44512

SHERIDAN HOUSE N/A

4200 SW 54TH COURT PUBLIC


WESTMINSTER ACADEMY N/A

5601 N FEDERAL HWY PUBLIC


2008 CAMP $2,500.00SCHOLARSHIPS





SCOTFORD FOUNDATIONFORM 990-PFTAX YEAR ENDING 12/31/2008


RECIPIENT NAME AND ADDRESS

KNOX THEOLOGICAL SEMINARY

5554 N FEDERAL HWY


WAFG

5555 N FEDERAL HWY


CORAL RIDGE MINISTRIES

5554 N FEDERAL HWY

FORT LAUDERDALE OH 33308

MUSEUM OF FINE ARTS

465 HUNTINGTON AVENUE

BOSTON MA 02115-5523


34-1278622


FOUNDATION STATUS OF RECIPIENT OR CONTRIBUTION AMOUNT

N/A GENERAL SUPPORT $10,000 00

PUBLIC

N/A GENERAL SUPPORT $500 00

PUBLIC

N/A GENERAL SUPPORT $5,000 00

PUBLIC

N/A GENERAL SUPPORT $10,000.00

PUBLIC

TOTAL GRANTS AND CONTRIBUTIONS PAID $196,935 00

Other Notes and Loans Receivable

Organization : -Sc.c IfOc 1- n

TIN: -/,7 ^(,',_

Tax Year Ended : Ci6

Form 990-PF, Part II, Line 7, Columns (b) and (c)

ORROWER'SNAME

RELATIONSHIP TOOFFICER, TRUSTEE,

DIRECTOR, OROTHER DISQUALIFIED

PERSON

ORIGINALAMOUNT

BORROWED

DATEOF

LOANATURITYDATE

EPAYMENTTERMS

NTERESTRATE

SECURITYPROVIDED

BYBORROWER

URPOSEOF LOAN

DESCRIPTIONAND FMV OF

CONSIDERATIONFURNISHED BY

LENDER

BALANCEDUE AT

YEAR-ENDMV AT

YEAR-END

Loan #1:

$ $ $

Loan #2.

$ $ $

Loan #3:

$ $ $

Note:

Total year-end balance of loans detailed above I s $

Loans detailed on additional schedule(s)

Receivables due from other Section 501(c)(3) organizations-

Borrower's Name

C"VJA C)r e +- Tree cc'l pc'S ^L h c - o 0061

Other loans arising from normal activities of the organizations

Totals $ t2C10

a No detail is required on these loans.

PRIVATE NATIONAL CITY BANK

CLIENT 20 FEDERAL PLAZA

GROUP YOUNGSTOWN OH 44503

NationalCity com/PnvateChentGroup ACCOUNT STATEMENTChartable &Endowment Snvurs

Statement Period 12/01/2008 through 12/31/2008

SCOTFORD FOUNDATION AGT Account Number 14 00-0148-76-0

STATEMENT OF INVESTMENT POSITION CON11NUED

Ticker, % of ProjectedAcq. Date ' Unrealized „ , Asset ' % of AnnualRange QuantityTax Cost Market Value Price Gain/Loss Category Account Income YieldSBC COMMUNICATIONS

DTD 11-03-04 4 125% DUE 09-15-09

11/07 - 11/07 -

100,000 000 $100,13800 $100.41000

TOTAL TAXABLE FIXED INCOME SECURITIES$759,686.00 $724,338.50

TAXABLE FUNDSPIMCO LOW DURATION INSTL FUND #36

02/08 - 02/08

29,154 519 $300.00000 $274,635 57

TOTAL TAXABLE FIXED INCOME$1,059,686.00 $998,974.07

TOTAL FIXED INCOM E$1,059,686.00 $998,974.07

CASH AND CASH EQUIVALENTSCASH EQUIVALENTS - TAXABLEALLEGIANT MONEY MARKET FUND I SHARES

12/08 - 12/08

36,271 470 $36,271.47 $36,271 47

CASHINCOME CASH

PRINCIPAL CASH

$4,53264 $4,53264

-$4,532 64 -$4,532 64

TOTAL CASH

TOTAL CASH AND CASH EQUIVALENTS$36,271 .47 $36,271.47

TOTAL PORTFOLIO$4,777,841.86 $3,483 ,685.45

\} o to ke C"6 vJ 1,C

T O Sfcee+Se -, 7, 000 -70e6

^yl^^y^ ^y l ^^ 3 4 C1 O, c5 L15

•12500-

$10041 $27200 1005% 288% $4,125 411%

-$35,347.50 72.51% 20.79% $36,425 5.03%

PTLDX

$942 -$25,364 43 27 49 % 788 % $ 12,799 466%

-$60,711.93 100 .00% 28.68% $49,224 4.93%

-$60,711.93 100.00% 28.68% $49,224 4.93%

$1 00 100 00 % 104% $544 150%

12.50% 0.13%

-1250% -013%

100.00% 1 .04% $544 1.50%

-$1,294,156.41 100.00% 100.00% $103,569 2.97%

NationalCity®Page 9 of 16

PRIVATENATIONAL CITY BANK

LI CLIENT 20 FEDERAL PLAZA


NatlonalCitycom/PnvateClientGroup ACCOUNT STATEMENTChariiabla dEndmonwnt Servw s



STATEMENT OF INVESTMENT POSITION

Ticker % of ProjectedAcq. Date - Unrealized Asset % Of AnnualRange" Quantity Tax Cost MarketValue Price Gain&LossCategory Account' Income Yield

EQUITIESDOMESTIC COMMON EQUITY -ACE LIMITED ACE

11/07 - 11/07

600 000 $34,45800 $31,75200 $5292 -$2,70600 130% 091% $798 251%

ALLERGAN INC COM AGN

11/07 - 02/08

1,550 000 $97,720.10 $62,49600 $4032 -$35,224 10 255% 1 79% $310 050%

ANGLO AMERICAN ADR PLC AAUK

11/07 - 11/07

1,725 000 $52.64733 $20,04450 $1162 -$32,602 83 082% 058% $1,052 525%

APACHE CORP COM APA

02/08 - 02/08

200 000 $23,721.99 $14,906.00 $7453 -$8,81599 061% 043% $120 080%

BERKSHIRE HATHAWAY INC DEL BRK/A

CL A

11/07 - 11/07

3 000 $147,920 00 $289,800 00 $96,600 00 $141,880.00 11 84 % 8.33%

CISCO SYS INC COM CSCO

11107 - 01/08

2,400 000 $65,80934 $39,12000 $1630 -$26,68934 160% 1.12%

COGNIZANT TECHNOLOGY SOLUTION CTSH

CL A

11/07 - 11/07 - - --

1,000 000 $30,796 40 $18,060 00 $1806 -$12,736 40 0.74% 052%

COLGATE-PALMOLIVE CO COM CL

02/08 - 02/08 - - "

500 000 $38,524 95 $34,270.00 $6854 -$4,254 95 1.40% 098% $800 2 33%

CONOCOPHILLIPS COP

COM

06/08 - 06/08

500.000 $46,753 00 $25,900 00 $51 80 -$20,853 00 1 06% 074% $940 363%

CVS/CAREMARK CORP CVS

11/07 - 02/08

1,900 000 $78,171.16 $54,60600 $2874 -$23,565 16 223% 1 57% $524 096%

DEERE & CO COM DE

11/07 - 01/08

425 000 $30,76943 $16,28600 $3832 -$14,48343 067% 047% $476 292%

•12200-NationalCit e

Page 3 of 16

• ® PRIVATE NATIONAL CITY BANK

CLIENT 20 FEDERAL PLAZA


NationalCrtycom/PnvateClientGroup ACCOUNT STATEMENTCGxrnabk d Endomnunt Semwer



STATEMENT OF INVESTMENT POSITION CONTINUED

Ticker %of - Projected -Acq. Date Unrealized Asset % of Annual-Range Quantity Tax Cost Market Value Pride GalAoss'Category Account Income YieldENERGEN CORP EGN

COM

- -02/08 - 02/08 - '

1,150 000 $72,024 00 $33,729 50 $2933 -$38,29450 138% 097% $552 164%

EXELON CORP EXC

COM

11/07 - 01/08

575 000 $45,723 16 $31,97575 $5561 -$13.74741 131% 092% $1,208 378%

EXXON MOBIL CORP XOM

COM

11/07-11/07

400 000 $15,70500 $31.93200 $7983 $16,22700 130% 092% $640 200%

FOSTER WHEELER LTD FWLT

SHS NEW

11/07 - 01/08

545 000 $37,000 22 $12,742 10 $2338 -$24,258 12 0.52% 037%

FRANKLIN RES INC COM BEN

11/07 - 11/07

375 000 $44,72940 $23,91750 $63.78 -$20,811.90 098% 069% $315 132%

HONDA MOTOR ADR NEW HMC

SEDOL #6435145

11/07 - 11/07

1,050 000 $35.44468 $22,407 00 $21.34 -$13,037 68 092% 064% $726 3.24%

INTEL CORP COM INTC

07/08 - 07/08

2,145 000 $45,55980 $31,44570 $1466 -$14.11410 1.28% 090% $1,201 382%

ISHARES TR IYZ

DJ US TELECOMM

11 /07 - 11/07

1,475000 $43,206.37 $24,30741 $16.48 -$18, 898.96 099% 070% $1,332 548%

ISHARES TR IBB - - -

NASDAQ BIOTECHNOLOGY INDEX FD

11/07 - 11/07

350 000 $28,61300 $24.86750 $7105 -$3.74550 102% 071% $247 099%

JOY GLOBAL INC JOYG

COM

11/07 - 11/07

900 000 $46,455 44 $20,601 00 $2289 -$25,854.44 084% 059% $630 3.06%

Page 4 of 16

NationalCity.


® CLIENT 20 FEDERAL PLAZA


NationalCity .coMPnvateClientGroup ACCOUNT STATEMENTCbaruable d Endowment Scrvwet

Statement Period 12/01 /2008 through 12/31/2008

SCOTFORD FOUNDATION AGT Account Number 14 00 -0148-76-0


Ticker % of ProjectedAcq. Date Unrealized Asset % of 'AnnualRange Quantity Tax Cost Market Value Price Gain/Loss Category Account' Income YieldJPMORGAN CHASE & CO JPM

COM

11/07 - 01/08

1.600 000 $69,029 89 $50,448 00 $31.53 -$18,581 89 206% 1 45% $2,432 482%

KBRINC KBR

COM

11/07 - 01/08

2.200 000 $73,031 10 $33,440 00 $1520 -$39,591 10 1 37% 096% $440 1 32%

KROGER CO COM KR

11/07 - 02/08

'-^°9`ra8-000 $73,855 10 $72,627 50 $2641 -$1,227 60 297% 208% $990 1.36%

MARATHON OIL CORP MRO

COM

11/07 - 06/08

1,200 000 $65,84334 $32.83200 $2736 -$33,011.34 134% 094% $1,152 351%

MARVELL TECHNOLOGY GROUP LTD MRVL

11/07 - 11/07

2,000 000 $33,138 20 $13,340 00 $667 -$19,798 20 054% 038%

MICROSOFT CORP MSFT

COM

11/07 - 06/08

2,000 000 $64,622 94 $38,88000 $1944 -$25,74294 159% 112% $1,040 267%

MORGAN STANLEY MS

COM NEW (N/C FROM MORGAN STANLEY

DEAN WITTER DISCOVER & CO)

11/07 - 01/08

1,250 000 $63,87575 $20,050.00 $1604 -$43,82575 082% 058% $1,350 673%

NATIONAL OILWELL VARCO INC NOV

COM

11/07 - 12/07

725 000 $51,261 58 $17,719.00 $24.44 -$33,542 58 0.72% 051%

NOKIA CORP NOK

SPONSORED ADR

SEDOL #5902941

06/08 - 06/08

1,250 000 $34,760 50 $19,500 00 $1560 -$15,260 50 080% 056% $751 385%

'12300'b1ciffionWCdye

Page 5 of 16




NationalCity com/PnvateClientGroup ACCOUNT STATEMENTC,arttable d'Ed.,,.t Servw.

Statement Period 12/01/2008 through 12/3112008

SCOTFORD FOUNDATION AGT Account Number 14 00-0 148-76-0


Ticker % of ProjectedAcq. Date Unrealized Asset % of AnnualRange , Quantity Tax Cost MarketValue Price GainhLossCategory Account Income -YieldOCCIDENTAL PETE CORP OXY

COM

11/07 -12107

755 000 $52,853 41 $45 , 292 45 $59 .99 -$7,560.96 1 85% 1 30 % $966 2.13%

OMNICOM GROUP INC OMC

COM

11/07 - 11/07

750 000 $34 .97523 $20 , 190 00 $2692 -$ 14,785 .23 082% 058% $450 223%

ORACLE CORP ORCL

COM

11/07 - 11/07

1,200 000 $24.90000 $21 , 27600 $1773 -$3,62400 087% 061%

PEABODY ENERGY CORP COM BTU

11/07 - 12/07

800 000 $42 , 760 10 $18,200 00 $22 75 -$24,560 10 074% 052 % $ 192 1 05%

PEPSICO INC PEP

COM

11/07 - 01/08

1,200 000 $87 ,073.57 $65,724 00 $5477 -$21,349 57 268 % 1.89% $2,040 3 10%

PFIZER INC PFE

COM

10/08 - 10/08

1,000 000 $16 , 33988 $17,710 .00 $1771 $ 1,370 12 072 % 051% $1 ,280 723%

QUALCOMM INC COM QCOM

11/07 - 01108

1,450 000 $58 , 388 17 $ 51,953 50 $3583 -$6,434 67 2 12% 1 49% $928 1 79%

QUANTA SVCS INC --. - - PWR -

COM

01/08 - 01/08

1,400 000 $32 , 139.24 $27,720 00 $1980 -$4,419 24 1 13% 080%

RESEARCH IN MOTION LTD - RIMM

COM

12/07 - 12/07

375 000 $37 ,473 75 $15 ,217.50 $4058 -$22,256 25 062% 044%

SCHERING-PLOUGH CORP COM SGP

11107 - 01/08

2,500 000 $70,536 90 $42 , 575 00 $1703 -$27,961 90 1 . 74% 122% $650 1 53%

Page 6 of 16

Na ionalCity.




NaLonalCityconVPnvateClientGroup ACCOUNT STATEMENTCharitable d Endowment Serowe




Ticker , . % Of Projected -Acq. Date Unrealized Asset % Of AnnualRange Quantity Tax Cost Market Value Price Gain/Loss Category Account Income YieldSECTOR SPDR TR XLI

SBI INT-INDS

10/08 - 10/08

1,000 000 $25,70000 $23,420 00

STAPLESINC

COM

11/07 - 11/07

1,550 000 $31,787 14 $27,776 00

STATE STR CORP

COM

11/07 - 01/08

700 000 $55,053 12 $27,531 00

TEXAS INSTRS INC COM

11/07 - 11/07

1.450 000 $44,976 00 $22,504 00

VARIAN MED SYS INC

COM

02/08 - 02/08

700 000 $36,806 00 $24,528 00

WEATHERFORD INTL LTD INC BERMUDA

COM (N/C FROM WEATHERFORD INTL

INC)

11/07 - 01/08

1,200 000 $36,059 86 $12,984 00

TOTAL DOMESTIC COMMON EQUITY$2,278,993.54 $1,628,603.91

DOMESTIC MUTUAL FUNDSISHARES TR RUSSELL MIDCAP

01/08 - 01/08

3,925 000 $381,26665 $234,401 00

ISHARES TR RUSSELL 2000

SMALL CAP

11/07 - 05/08

5,875 000 $441 ,618 82 $289,285 00

TOTAL DOMESTIC M UTUAL FUNDS$822,885.47 $523,686.00

-12400-

$23 42 -$2.28000 096% 067% $870 371%

SPLS

$1792 -$4,011 14 113% 0 .80% $512 184%

STT

$3933 -$27,522 12 1 12% 079% $672 244%

TXN

$1552 -$22,472 00 092 % 0.65% $638 283%

VAR

$35.04 -$12.278 00 100 % 070%

WFT

$1082 -$23,07586 053% 0.37%

-$650,389 . 63 66.51% 46.75% $29,224 1.79%

IWR

$5972 -$146,865.65 9.57% 673% $6,512 278%

IWM

$4924 -$152,333 82 11 82 % 830% $8,484 293%

-$299,199.47 21.39% 15.03% $14,996 2.86%

NationalCity.Page 7 of 16

a

PR I VATECLCLI E NT

GROUP

Charitable & Endowment Services

SCOTFORD FOUNDATION AGT

NATIONAL CITY BANK

20 FEDERAL PLAZA

YOUNGSTOWN OH 44503

NationalCity conVPnvateChentGroup ACCOUNT STATEMENT


Account Number 14 00-0148-76-0


Ticker , % of ProjectedAcq. Date Unrealized Asset % of AnnualRange Quantity - ' Tax Cost , Market Value , - Price •, •- Gain/Loss Category ., Account' Income YieldINTERNATIONAL MARKETSISHARES TR MSCI EAFE IDX EFA

11/07 - 11/07

4,500 000 $368 ,241 30 $201,870.00

VANGUARD INTL EQUITY INDEX FD INC

EMERGING MARKETS ETF

11/07 -12/07

4.000 000 $211,76408 $94,280 00

TOTAL INTERNATIONAL MARKETS$580,005.38 $296 , 150.00

TOTAL EQUITIES$3,681,884 .39 $2,448 ,439.91

FIXED INCOMETAXABLE FIXED INCOMETAXABLE FIXED INCOME SECURITIES

AMERICAN GENERAL FINANCE SR NT

DTD 05-20-04 4 625% DUE 05-15-09

11/07 - 11/07

100,000 000 $102,32300 $85,768 00

CREDIT SUISSE FB USA INC

DTD 12/15/04 4 125% DUE 1/15/10

11/07 - 11 /07

100.000 000 $100,067 00 $99,367 00

GENERAL ELEC CAP CORP

DTD 8/22/06 5 72% DUE 8/22/11

11/07 - 11/07

250,000 000 $254 ,518 00 $247,152 50

GOLDMAN SACHS GROUP INC

DTD 06/28/05 4.50% DUE 06/15/10

12/07 - 12/07

100,000 000 $99,887 00 $98,539 00

INTERNATIONAL LEASE FIN CORP

DTD 06-18.04 4 75% DUE 07-01-09

11/07 -11/07

100,000 000 $102,753 00 $93,102 00

$4486 -$ 166,371 30 824 % 579% $4 , 869 241%

VWO

$2357 -$ 117,484 08 385% 2.71% $4,712 500%

-$283,855.38 12.10% 8 .50% $9,581 3.24%

-$1,233,444.48 100 .00% 70.28% $53,801 2.20%

$85.77 -$16,555 00 859% 246% $4,625 539%

$99.37 -$70000 995% 285% $4,125 415%

$9886 -$7,36550 24 74 % 709% $14,300 579%

$98.54 -$1,348.00 986 % 283% $4,500 457%

$9310 -$9,65100 9.32% 267% $4,750 510%

NmwonalCity®Page 8 of 16

04/27/2009 MON 15:29 FAX 330 742 4144 PRIVATE CLIENT GROUP 121002

SCOTFORD FOUNDATION TRUNDER SCOTFORD FOUNDATIONDATED 11/02/2007JOHN P SCOTFORD TTEE400 RIVERSIDE CT UNIT 9POLAND ON 44514-2064

PAGE 1 OF ACCT

00000

984812745

COMMERCIAL MONEY MARKET SAVINGS

BEGINNING BALANCE 100,013.81 BEGINNING DATE NOVEMBER 29, 2008DEPOSITS/CREDITS 110,367.95 ANNUAL PERCENTAGE YI ELD EARNED 4.012,CHECKS . 00 INTEREST EARNED THIS PERIOD 367.95DEBITS/CHARGES . 75 INTEREST PAID Y-T-D 381.75ENDING BALANCE 210 , 381.01 ENDING DATE DECEMBER 31, 2008

MISCELLANEOUS CREDITS

DATE AMOUNT CRI TNREF . NO. D12/31 75,U UU. K83668821629 T 1000005820

14000148760 08123135,000 . 00 83668821630 NAT CITY BANK 1000005820

14000148760 081231367.95 INTEREST PAID

DEBITS/CHARGES

DATE AMOUNT REF . NO. DESCRIPTIO N12/22 75 00618045 ANALYSIS CHARGES BILLING

DAILY BALANCE

D BALANCE DATE BaNL Cg DATE BALANCE DATE BALANCE12/22 00,013 . 06 12/ 31 , .O1

450276

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