Fo n990-PF OMBNo 1 2006990s.foundationcenter.org/990pf_pdf_archive/251/...d Backupwithholding erroneously withheld 6d 7 Total credits and payments Add lines 6a through 6d 7 4, 812

MCGILF31 05/17/2007 9 09 AM

Fo n990-PFReturn of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable TrustTreated as a Private Foundation

OMB No 1

Department of the TreasuryInternal Revenue Service Note : The foundation may be able to use a coov of this return to satisfy state

2006For calendar year 2006 , or tax ear beg inning and ending

G Check all that apply Initial return Final return Amended return Address chanoe Name chance

Use the IRS Name of foundation A Employer identification number

label. 25-1192205Otherwise , FRANCIS EDWARD McGILLICK FOUNDATION B Telephone number (see page 11 of the instructions)

print Number and street (or P 0 box number if mail is not delivered to street address ) Room/suite 412-583-5776or type . P.O. BOX 1627 C If exemption application is pending, check here ►

See Specific City or town , state , and ZIP code

TD 1. Foreign organizations , check here ►

Instructions . BEAVER FALLS PA 15010 2 . Foreign organizations meeting the

H Check type of organization X Section 501 (c)(3) exempt private foundation 85% test, check here and attach computation ►Section 4947 a 1 nonexem t charitable trust Other taxable p rivate foundation E If private foundation status was terminated

under section 507(b)(1)(A) check here ►I Fair market value of all assets at end J Accounting method Cash X Accrual ,

of year (from Part II , col (c), Other ( specify ) F If the foundation is in a 60-month termination

line 16 ) ► $ 2 642 17 6 Part I column (d ) must be on cash basis under section 507(b)(1)(B), check here ►

Part 1 Analysis of Revenue and Expenses (The (a ) Revenue and (d) Disbursements

total of amounts in columns (b), (c), and (d) may not necessanlexpenses per (b ) Net investment ( c) Adjusted net for charitable

books income income purposeseq ual the amounts in column (a ) (see pag e 11 of the instr (cash basis only)

1 Contributions, gifts, grants , etc, received (attach schedule) 10 ' 000

2 Check ► if the foundation is not required to attach Sch B

3 Interest on savings and temporary cash investments

4 Dividends and interest from securities 236 , 929 236 , 9295a Gross rents

b Net rental income or (loss)

r- 6a Net gain or (loss ) from sale of assets not on line 10 Stmt 1 31 174b Gross sales price for all assets on line 6a 364,224

7 Capital gain net income (from Part IV, line 2) 13 , 2848 Net short -term capital gain 0

9 Income modifications

10a Gross sales less returns and allowances

b Less Cost of goods sold

c Gross profit or (loss ) ( attach schedule)

11 Other income ( attach schedule)

12 Total . Add lines 1 throug h 11 278 , 103 250 , 213 013 Compensation of officers, directors , trustees , etc 3 , 000 1 , 800 1 , 200

Cl) 14 Other employee salaries and wages

^d 15 Pension plans , employee benefits

16a Legal fees ( attach schedule)

b Accounting fees ( attach schedule ) Stmt 2 6 , 000 4 , 200c Other professional fees (attach schedule ) Stmt 3 299 209

17 Interest

E0 18 Taxes ( attach schedule) ( see page 14 of the instructions ) S tint 4 4 , 812

19 Depreciation (attach schedule ) and depletion

20 Occupancy

-map 21 Travel, conferences , and meetings

22 Printing and publications 198

23 Other expenses ( an sch ) Stmt 5 7 , 821 7 , 821P 24 Total operating and administrative expenses.

W Add lines 13 through 23 22 , 130 9 L 621 5 , 609d 25 Contributions, gifts, grants paid 113 , 425 115 , 560

26 Total expenses and disbursements . Add lines 24 and 25 135 555 9 , 621 0 121 , 16927 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursemen ts

.

142 , 548b Net investment income ( if negative , enter -0-) 240 , 592c Adjusted net income ( if neg ative , enter -0-) 0

t/I

For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2006)

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MCGILFD 05/17/2007 9 09 AM

Form 990-PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 2

Attached schedules and amounts in the descnption column'

Beg innin g of year End of yeariff It Balance Sheets-Qs should be for end-of-year amounts only (See instructions) (a ) Book Value (b) Book Value (c) Fair Market Value

1 Cash-non-interest-bearing 7 , 686 6 , 377 6 , 3772 Savings and temporary cash investments 62 , 381 41 825 41 , 8253 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 16 of the

instructions)

7 Other notes and loans receivable (aft schedule) ►

Less allowance for doubtful accounts ►8 Inventories for sale or use

Q 9 Prepaid expenses and deferred charges 2 , 112 22 , 200 2 , 20010a Investments-U S and state government obligations (attach schedule)

b Investments-corporate stock (attach schedule) See Stmt 6 4 , 900 4r900 11 , 678 , 228c Investments-corporate bonds (attach schedule)

11 Investments-land, buildings, and equipment basis ►Less accumulated depreciation ►

12 Investments-mortgage loans

13 Investments-other(attachschedule) See Statement 7 691,496 856 , 333 913 , 54614 Land, buildings, and equipment basis ►

Less accumulated depreciation ►15 Other assets (describe ►16 Total assets (to be completed by all filers-see page 17 of

the instructions Also , see page 1, item I 768 , 575 911 , 635 2 , 642 , 17617 Accounts payable and accrued expenses

18 Grants payable 111 , 960 1-0-9 1 82519 Deferred revenue

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

21 Mortgages and other notes payable (attach schedule)

J 22 Other liabilities (describe ► See Statement 8 2 , 165 4 , 812

23 Total liabilities (add lines 17 throug h 22 ) 114 , 125 114 , 637

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

24 Unrestricted

to 25 Temporarily restricted

m 26 Permanently restricted

Foundations that do not follow SFAS 117, check here ► DXand complete lines 27 through 31.

0 27 Capital stock, trust principal, or current funds 654 , 450 796 , 99828 Paid-in or capital surplus, or land, bldg , and equipment fund

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

Q 30 Total net assets or fund balances (see page 18 of the

instructions) 654 , 450 796 , 998Z 31 Total liabilities and net assets/fund balances (see page 18 of the

instructions 768 , 575 1 911 635Part III Analysis of Changes in Net Assets or Fund Balances

I 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) 1 654 , 4502 Enter amount from Part I, line 27a 2 142 , 548

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

4 Add lines 1, 2, and 3 4 796 , 9985 Decreases not included in line 2 (itemize) ► 5

6 Total net assets or fund balances at end of year ( line 4 minus line 5 )-Part II column (b ) , line 30 6 796 , 998Form 990-PF (2006)

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MCGILFD 05/17/2007 9 09 AM

form 990-PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 3Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold (e g , real estate ,2-story brick warehouse, or common stock , 200 shs MLC Co)

( b) How acquiredP-PurchaseD-Donation

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

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

1a Capital Gain Distributionb

cd

e

(e) Gross sales price(f) Depreciation allowed

(or allowable)(g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus (0 minus (g)

a 13 , 284 13 , 284b

cd

e

Complete onl y for assets showin gain in column ( h ) and owned by the foundation on 12/31/69 ain miI G i C l h

(i) F M V as of 12/31/69Q) Adjusted basis

as of 12/31/69(k) Excess of col (i)over col (I), if any

( ) a ns ( o ( ) g nuscol ( k), but not less than -0-) or

Losses (from col (h))

a 13 , 284b

c

d

e

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

L If (loss ), enter -0- in Part I, line 7 2 13 , 2843 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 18 of the instructions)

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

Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940 (d)(2) applies , leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? FX Yes F] No

If "Ye s," the fo u ndat i o n does not qualify under section 4940(e) Do not complete this part

I Enter the appropriate amount in each column for each year , see page 19 of the instructions before making any entries(a)

Base period yearsCalendar year (or tax year be inninm

(b)Adjusted qualifying distributions

(c)Net value of noncharitable-use assets

(d)Distribution ratio

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

2005

2004

2003

2002

2001

2 Total of line 1, column (d) 2

3 Average distribution ratio for the 5-year base period-divide the total on line 2 by 5, or by the

number of years the foundation has been in existence if less than 5 years 3

4 Enter the net value of noncharltable-use assets for 2006 from Part X, line 5 4

5 Multiply line 4 by line 3 5

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

7 Add lines 5 and 6 7

8 Enter qualifying distributions from Part XII, line 4 8

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate See

the Part VI instructions on page 19

Form 990-PF (2006)DAA

MCGILFD 05/17/2007 9 09 AM

Form 990-'PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 4Part V1 Excise Tax Based on Investment Income (Section 4940 (a ), 4940 ( b 4940 (e ), or 4948-see pa ge 19 of the instructions

1a Exempt operating foundations described in section 4940(d)(2), check herb' 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 4 , 812

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 (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 4 , 812

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 4 , 812

6 Credits/Payments

a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a 2 , 200

b Exempt foreign organizations-tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c 2 , 612

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 4 , 812

8 Enter any penalty for underpayment of estimated tax Check here1 if Form 2220 is attached 8 35

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 3510 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10

11 Enter the amount of line 10 to be Credited to 2007 estimated tax ► Refunded ► 11

Part Vlt-A Statements Regarding Activities1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes No

participate or intervene in any political campaign? 1a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 20

of the instructions for definition)? 1 b X

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 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's 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

incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 3 X

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

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

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 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 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col (c), and Pa rt XV 7 X

8a Enter the states to which the foundation reports or with which it is registered (see page 20 of the

instructions) ► None

b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General

(or designate) of each state as required by General Instruction G' If "No," attach explanation 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3)

or 4942(1)(5) for calendar year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV on

page 28)? If "Yes," complete Part XIV 9 X

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

names and addresses 10 X

Form 990-PF (2006)

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MCGILFD 05/17/2007 9 09 AM

Form 990-PF (2006) FRANCIS EDWARD McGILLICK FOLTNDATION25-1192205 Page 5Part VI[-A Statements Regarding Activities Continued

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

meaning of section 512(b)(13)? If "Yes," attach schedule (see instructions) See Statement 9 11a X

b If "Yes," did the foundation have a binding written contract in effect on August 17, 2006, covering the interest,

rents, royalties, and annuities described in the attachment for line 11 a? 11 b X

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? 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 ROBERT P. BAROZZINI Telephone no ► 412-583-5776

Located at ► BEAVER FALLS, PA ZIP+4 ► 1501015 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041- Check here ► q

and enter the amount of tax-exempt interest received or accrued during the year ► ^ 15

Part VIU-B Statements Regarding Activities for Which Form 4720 May Be Req uiredFile Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No

1a 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 No

(2) Borrow 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? X 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)? q 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) q Yes No

b If any answer is "Yes" to 1 a(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53 4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)? 1b X

Organizations relying on a current notice regarding disaster assistance check here ► q

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 2006? N/A 1c

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(1)(3) or 49420)(5))

a At the end of tax year 2006, did the foundation have any undistributed income (lines 6d and

6e, Part XIII) for tax year(s) beginning before 2006? q Yes No

If "Yes," list the years ► 20 , 20 , 20 , 20

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 years undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement-see page 22 of the instructions) N/A 2b

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

► 20 , 20 , 20 , 20

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 2006 as a result of (1) any purchase by the foundation or

disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the

Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or the lapse (3)

of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine if the

foundation had excess business holdings in 2006) N/A 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable

purpose th at had not been removed from jeopardy before the first day of the tax year beginning in 2006? 4b X

Form 990-PF (2006 )

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MCGILFt 05/ 17/2007 9 09 AM

' Form 990 - PF (2006 ) FRANCIS EDWARD McGILLICK FOUNDATION25 - 1192205 Page 6.Part VF-B Statements Regardin g Activities for Which Form 4720 May Be Req uired Continued5a During the year did the foundation pay or incur any amount to

(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945 (e))' LJ 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? Yes BX 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

section 509(a)(1), (2), or (3), or section 4940 (d)(2)? (see instructions ) Yes No

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

educational purposes, or for the prevention of cruelty to children or animals? 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 page 23 of the instructions ) ? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here ►c 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? 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? Yes No

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

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

1 List all officers. directors . trustees - foundation mananers and their emmnensatinn leave nano 91 of the inntr.irtinnel

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

hours per weekdevoted to position

(c) CompensationIf not paid , enter

-0-)

(employeeContributions

plans and deferredcompensator

(e) Expenseaccount, otherallowances

SEE SCHEDULE

0 0 0 0

2 Compensation of five highest-paid employees (other than those included on line 1-see ibaae 24 of the instructions).

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) Contributions toemployee benefitplans and deferred

compensation

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50 , 000 ► 1

Form 990-PF (2006)

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MCGILFD 05/17/2007 9 09 AM

Form 9907-PF (2006) FRANCIS EDWARD MCGILLICK FOUNDATION25-1192205 Page 7.Part VIII Information About Officers, Directors , Trustees, Foundation Managers, Highly Paid Employees,

and Contractors Continued3 Five highest-paid independent contractors for professional services (see page 24 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

Total number of others receiving over $50,000 for professional services ►

Part IX-A Summary of Direct Charitable Activities

List the foundation's four largest direct chantable activities dunng the tax year Include relevant statistical information such as the numberof organizations and other beneficiaries served, conferences convened, research papers produced, etc Expenses

1 N/A

Part IX-B Summary of Program -Related Investments (see page 24 of the instructions)Describe the two larg est prog ram-related investments made by the foundation durin g the tax year o n lines 1 and 2 Amount

1 N/A

2

All other program -related investments See page 25 of the instructions

3

Total . Add lines 1 throug h 3 ►Form 990-PF (2006)

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MCGILFD 05/17/2007 9 09 AM

Form 990.PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 8PartX Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,

see'page 25 of the instructions. )1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc ,

a

b

c

d

e

2

3

4

5

6

purposes

Average monthly fair market value of securities

Average of monthly cash balances

Fair market value of all other assets (see page 25 of the instructions)

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

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

1c (attach detailed explanation) le

Acquisition indebtedness applicable to line 1 assets

Subtract line 2 from line ld

Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see page 26

of the instructions)

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

Minimum investment return . Enter 5% of line 5

2 03 2 , 595 , 944

4 119 , 0345 2 476 , 9106 123,846

PartX[ Distributable Amount (see page 26 of the instructions) (Section 49420)(3) and 0)(5) private operatingfoundations and certain foreig n organizations check and do not complete this p art

I Minimum investment return from Part X, line 6 1 123 , 8462a Tax on investment income for 2006 from Part VI, line 5 2a 4 , 812b Income tax for 2006 (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b 2c 4 , 8123 Distributable amount before adjustments Subtract line 2c from line 1 3 119 , 0344 Recoveries of amounts treated as qualifying distributions 4

5 Add lines 3 and 4 5 119 , 0346 Deduction from distributable amount (see page 26 of the instructions) 6

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

line1 7 119,034

Part XIf Qualifying Distributions (see page 26 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 1a 121 , 169

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

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 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 121 , 169

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 (see page 27 of the instructions) 5 0

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 121 , 169

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

qualifies for the section 4940(e) reduction of tax in those years

Form 990-PF (2006)

1a 2 , 471 , 26 61b 124 , 6781c 01d 2,595,944

0

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MCGILFID 05/17/2007 9 09 AM

'Form 990-PF (2006) FRANCIS EDWARD MCGILLICK FOUNDATION25-1192205 Page 9Part XH1 Undistributed Income (see page 27 of the instructions)

I Distributable amount for 2006 from Part XI,

line 7

2 Undistributed income, if any, as of the end of 2005

a Enter amount for 2005 only

b Total for prior years 20 , 20 , 20

3 Excess distributions carryover, if any, to 2006

a From 2001

b From 2002

c From 2003

d From 2004

e From 2005

f Total of lines 3a through e

4 Qualifying distributions for 2006 from Part XII,

line 4• ► $ 121,169

a Applied to 2005, but not more than line 2a

b Applied to undistributed income of prior years (Election

required-see page 27 of the instructions)

c Treated as distributions out of corpus (Election

required-see page 27 of the instructions)

d Applied to 2006 distributable amount

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2006

(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 2005 Subtract line

4a from line 2a Taxable amount-see page

27 of the instructions

f Undistributed income for 2006 Subtract lines

4d and 5 from line 1 This amount must be

distributed in 2007

7 Amounts treated as distributions out of corpus

to satisfy requirements imposed by section

170(b)(1)(E) or 4942(g)(3) (see page 28 of the

instructions)

8 Excess distributions carryover from 2001 not

applied on line 5 or line 7 (see page 28 of the

instructions)

9 Excess distributions carryover to 2007.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9

a Excess from 2002

b Excess from 2003

c Excess from 2004

d Excess from 2005

e Excess from 2006

DAA

(a) (b) (c) (d)Corpus Years prior to 2005 2005 2006

119 034

115 505

115,505

5.664

113,370

Form 990-PF (2006)

MCGILFO 05/17/2007 9 09 AM

' Form 990-PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 10.Part XIV Private Operating Foundations (see page 28 of the instructions and Part VII-A, question 9)

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

foundation, and the ruling is effective for 2006, enter the date of the ruling ►Check box to indicate whether the foundation is a

2a 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 XI I,

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 49420)(3)(B)(i)

b "Endowment" alternative test-enter 2/3 of

minimum investment return shown in Part

X, line 6 for each year listed

c "Support" alternative test-enter

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section

512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 49420)(3)(B)(ni)

(3) Largest amount of support from

an exempt organization

described in

year Prior 3 yea

2006 (b) 2005 (c) 2004 2003(e) Total

Part XV Supplementary Information (Complete this part only if the foundation had $5 ,000 or more in assetsat any time during the year-see page 28 of the instructions.)

1 Information Regarding Foundation Managers:

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

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

N/Ab 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 ► FX 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 addressedN/A

b The form in which applications should be submitted and information and materials they should includeN/A

c Any submission deadlinesN/A

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

AAA Form 990-PF (2006)

MCGILFQ 05/17/2007 9 09 AM

-Form 990=PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 11Part XV Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or ADoroved for Future Payment

RecipientIf recipient is an individual ,show any relationship to

Foundationstatus of Purpose of grant or Amount

any foundation manager recipient contribution

Name and address (home or business ) or substantial contnbutor

a Paid during the year

SEE STATEMENT115,560

Total ► 3a 115 , 560b Approved for future payment

SEE STATEMENT113,425

Total ► 3b 113 , 425

AAA Form 990-PF (2006)

MCGILFD 05/17/2007 9 09 AM

'Form 990-PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205

Enter gross amounts unless otherwise indicated Unrelated business income

(a) (b)Business code Amount

Excluded by section 512, 513, or 514

(c) (d)xclusion Amount

(e)Related or exemptfunction income(See page 29 ofthe instructions )I Program service revenue

a

b

c

d

e

f

g Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cash investments

4 Dividends and interest from securities

5 Net rental income or (loss) from real estate

a Debt-financed property

b Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income

8 Gain or (loss) from sales of assets other than inventory

9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory

11 Other revenue a

b

C

d

e

12 Subtotal Add columns (b), (d), and (e)

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

(See worksheet in line 13 instructions on oaae 29 to verify calculations

31,174

01 1 236,9291 31,17413 268,103

Line No.Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to

.V the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes) (See

Dane 29 of the instructions )

N/A

DAA Form 990-PF (2006)

MCGILFD 05/17/2007 9 09 AM

,Form 990=PF (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 13Part XVHI 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 Yes No

in section 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 la ( l ) X

(2) Other assets la ( 2 ) X

b Other transactions'

(1) Sales of assets to a nonchantable exempt organization 1j) X

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

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

(4) Reimbursement arrangements 1b(4) X

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

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

Sharing of facilities, equipment, mailing lists, other assets, or paid employees Ic X

If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market

value of the goods, other assets, or services given by the reporting organization 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 org anization ( b ) Type of org anization (c ) Descri ption of relationshi p

N/A

Under penalti eryury, I declare that I have examined this return, including accombelief, its tF , co ct and complete Declaration of preparer (other than taxpayer or<

/---

Signature of officer or trustee

ZC y T

.a Preparers

^a a si g natured yaD Firm'sname(oryoursif Collins & Ganley,

self-employed), address, 275 Curry Hollow 17

and ZIP code Pittsburgh , PA 15

DAA

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 527? LI Yes No

b If "Yes ," complete the following schedule

FRANCIS EDWARD MCGILLICK FOUNDATION25-1192205FORM 990-PF12/31/2006

PART XVLINE 3GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR OR APPROVED FOR FUTURE PAYMENT

B - APPROVED FOR FUTURE PAYMENTFOUNDATION

RECIPIENT INDIVIDUAL STATUS OF PURPOSE OF GRANTNAME AND ADDRESS RECIPIENT RECIPIENT OR CONTRIBUTION AMOUNT

MCGILLICK SCHOOL OF CARLOW UNIVERSITY N/A CONTINUED EDUCATIONAL 109,8253333 FIFTH AVENUE OPPORTUNITIES FOR DESERVINGPITTSBURGH, PA 15213 CATHOLIC STUDENTS WHO ARE

MARGARET A. MCGILLICK SISTERHOOD FUND111 BLVD OF THE ALLIESPITTSBURGH, PA 15222

FRANCIS E MCGILLICK PRIESTHOOD FUND111 BLVD OF THE ALLIESPITTSBURGH, PA 15222

FINANCIALLY IN NEED

N/A FOR POOR GIRLS TO BE 1,800EDUCATED FOR SISTERHOOD

N/A FOR POOR BOYS TO BE 1,800EDUCATED FOR PRIESTHOOD

TOTAL 3B 113,425


PART XVLINE 3GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR OR APPROVED FOR FUTURE PAYMENT

A - PAID DURING THE YEARFOUNDATION

RECIPIENT INDIVIDUAL STATUS OF PURPOSE OF GRANTNAME AND ADDRESS RECIPIENT RECIPIENT OR CONTRIBUTION AMOUNT

MCGILLICK SCHOOL OF CARLOW COLLEGE N/A CONTINUED EDUCATIONAL 111,9603333 FIFTH AVENUE OPPORTUNITIES FOR DESERVINGPITTSBURGH, PA 15213 CATHOLIC STUDENTS WHO ARE

MARGARET A MCGILLICK SISTERHOOD FUND111 BLVD OF THE ALLIESPITTSBURGH, PA 15222

FRANCIS E MCGILLICK PRIESTHOOD FUND111 BLVD. OF THE ALLIESPITTSBURGH, PA 15222

FINANCIALLY IN NEED

N/A FOR POOR GIRLS TO BE 1,800EDUCATED FOR SISTERHOOD

N/A FOR POOR BOYS TO BE 1,800EDUCATED FOR PRIESTHOOD

TOTAL 3A 115,560


PART XV

2(a) CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATION

ROMAN CATHOLIC BISHOP OF THE CITY OF PITTSBURGH111 BOULEVARD OF THE ALLIESPITTSBURGH, PA 15222PHONE (412) 456-3010

MCGILLICK SCHOOL OF CARLOW UNIVERSITY3333 FIFTH AVENUEPITTSBURGH, PA 15213


PAGE 8 PART X LINE 4

ONE AND A HALF PERCENT (1 1/2%) OF THE COMBINED FAIR MARKET VALUE OF ALL THE FOUNDATION'SASSETS DOES NOT GENERATE A REASONABLE CASH BALANCE SUFFICIENT ENOUGH TO COVER THEFOUNDATION'S CURRENT ADMINISTRATIVE EXPENSES AND OTHER NORMAL AND CURRENTDISTRIBUTIONS FOR EXEMPT PURPOSES. THE CASH DEEMED HELD FOR CHARITABLE ACTIVITIESIS CALCULATED AS FOLLOWS

CONTRIBUTIONS APPROVED TO BE PAID IN 12 MONTHS OR LESS TO CHARITIES 113,425

CURRENT ADMINISTRATIVE EXPENSES 5,609

REQUIRED CASH FOR CHARITABLE ACTIVITIES 119,034


PART VIIILINE 1

A B C D E

THOMAS X. CORBETT TRUSTEE 600 NONE NONE201 BEAR RUN DR. 5PITTSBURGH, PA 15237

ROBERT D. BAROZZINI SECRETARY 600 NONE NONE220 GRANT BLDG 5PITTSBURGH, PA 15219

MATTHEW P. COLLINS TREASURER 600 NONE NONE143 ALTADENA DR. 5PITTSBURGH, PA 15228

THOMAS J. MCCAFFERY PRESIDENT 600 NONE NONE600 SIX PPG PLAZA 5PITTSBURGH, PA 15222

TIMOTHY W BARRY TRUSTEE 600 NONE NONE161 HILLPOINTE DR 5CANONSBURG, PA 15317


PART VII - A

LINE 10 SUBSTANTIAL CONTRIBUTORS

FRANCIS EDWARD MCGILLICK COMPANY, INC

P O. BOX 1627

BEAVER FALLS, PA 15010


BOOK VALUE FAIR MARKETVALUE

Part II BALANCE SHEETPAGE 2INVESTMENTS

LINE 10B CORPORATE STOCK49 SHARES F.E. MCGILICK COMPANY 4,900.00 1,678,228 00VANGUARD INDEX FUNDS 45,881.60 48,891.70AMERICAN ADVANTAGE (AAIEX) 37,722 56 46,901 60AMERICAN BEACON (AADEX) 34,358 09 35,861.12ARIEL GROWTH (ARGFX) 15,674.75 15,894 99ARTISAN (ARTMX) 15,213.80 17,018 26BRANDYWINE 13,053 96 13,971.01DODGE AND COX (DODIX) 41,451 41 40,562 74SCUDDER(KDHIX) 36,163.65 43,215 18GROWTH FUND OF AMER(GFAFX) 35,345 20 44,981.14HARBOR SMALL (HISVX) 5,210 91 5,44866HARBOR FD CAP(HACAX) 43,996.06 46,591 55HARBOR INTL (HAIGX) 30,114 35 32,899 51LOOMIS (LSBDX) 19,698 56 20,464 39PIMCO(PTLDX) 91,506.59 88,786 50PIMCO TOTAL(PTTRX) 74,877.72 71,202 66PIMCO PAC (PRRIX) 53,905.44 51,923.01PIMCO FUNDS (PLMIX) 36,183 75 36,925.11ROWE NEW HORIZION 13,757.11 13,912 46ROWE(RPIBX) 35,386.05 35,912.71SELECTED AMERICA(SLASX) 26,844 26 35,387.52SELECTED SMALLCAP(SCWFX) 12,981 24 17,754.37SSGA EMERGING(SSEMX) 18,515.83 26,388 24THIRD AVE (TAVFX) 10,901 89 11,975.12THORNBURG (TGVIX) 5,203 06 5,526.40TWEEDY (TBGBX) 13,629.23 16,680 42VANGUARD (VFISX) 88,755 87 88,469 97

861,232.94 2,591,77434

MCGILFD FRANCIS EDWARD McGILLICK FOUNDATION 5/17/2007 9:09 AM25-1192205 Federal StatementsFYE: 12/31/2006

Statement 1 - Form 990-PF, Part I, Line 6a - Sale of Assets

HowDesc Recd

Whom Date Date SaleSold Acquired Sold Price

ARTISAN FUND PurchaseVarious Various $ 37,101 $

ARTISAN FUND PurchaseVarious Various 643

ASTON FUNDS PurchaseVarious Various 13,424

HARRIS PurchaseVarious Various 21,815

HARRIS PurchaseVarious Various 140

PIMCO FDS SHORT TERM PurchaseVarious Various 41,461

PIMCO FDS SHORT TER PurchaseVarious Various 18,513

ROWE PurchaseVarious various 61,195

SELECTED AMER SH Purchase10/13/04 7/24/06 7,987

SSGA FDS Purchase10/13/04 1/30/06 8,987

TGCEX Purchase12/03/04 9/21/06 31,997

THIRD AVENUE Purchase10/13/04 1/30/06 9,987

VANGUARD Purchase1/13/05 9/21/06 3,058

VANGUARD EXPLORER Purchase7/15/05 9/21/06 4,905

VANGUARD EXPLORER Purchase12/29/05 9/21/06 417

VANGUARD FIXED PurchaseVarious 9/21/06 43,251

VANGUARD FIXED PurchaseVarious 9/21/06 46,059

Cost

25,781 $

530

12,346

20, 661

133

41,792

18, 582

62, 997

6, 668

5,774

31,353

8,295

2,847

5,027

413

43, 933

45, 918

Expense DeprecNet,.,.

11,320

113

1,078

1,154

7

-331

-69

-1,802

1,319

3,213

644

1,692

211

-122

4

-682

141

1

MCGILFD FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Federal StatementsFYE: 12/31/2006

Statement 1 - Form 990-PF. Part I. Line 6a - Sale of Assets (continued

5/17/2007 9:09 AM

HowDesc Rec'd

Whom Date Date Sale NetSold Acquired Sold Price Cost Expense Deprec G/L

Total $ 350,940 $ 333,050 $ 0 $ 0 $ 17,890

1

MCGILFD FRANCIS EDWARD McGILLICK FOUNDATION 5/17/2007 9:09 AM

25-1192205 Federal StatementsFYE: 12/31/2006

Statement 2 - Form 990-PF. Part I. Line 16b - Accountina Fees

Net Adjusted CharitableDescription Total Investment Net Purpose

$ 6,000 $ $ $ 4,200

Total $ 6,000 $ 0 $ 0 $ 4,200

Statement 3 - Form 990-PF , Part I, Line 16c - Other Professional Fees


LEGAL FEES $ 299 $ $ $ 209

Total $ 299 $ 0 $ 0 $ 209

Statement 4 - Form 990-PF. Part I. Line 18 - Taxes


EXCISE TAXES $ 4,812 $ $ $

Total $ 4,812 $ 0 $ 0 $ 0

Statement 5 - Form 990-PF. Part I. Line 23 - Other Expenses


$ $ $ $Expenses

INVESTMENT FEES 7,821 7,821

Total $ 7,821 $ 7,821 $ 0 $ 0

2-5

MCGILFD FRANCIS EDWARD McGILLICK FOUNDATION 5/17/2007 9:09 AM25-1192205 Federal StatementsFYE: 12/31/2006

Statement 6 - Form 990-PF. Part II. Line 10b - CorDorate Stock Investments

Beginning End of Basis of Fair MarketDescription of Year Year Valuation Value

FE MCGILLICK COMPANY $ 4,900 $ 4,900 $ 1,678,228

Total $ 4,900 $ 4,900 $ 1,678,228

Statement 7 - Form 990-PF, Part II , Line 13 - Other Investments

Beginning End of Basis of Fair MarketDescription of Year Year Valuation Value

$ 691,496 $ 856,333 $ 913,546

Total $ 691,496 $ 856,333 $ 913,546

Statement 8 - Form 990-PF, Part II , Line 22 - Other Liabilities

Beginning End ofDescription of Year Year

ACCRUED EXCISE TAX $ 2,165 $ 4,812

Total $ 2,165 $ 4,812

6-8

MCGILFD FRANCIS EDWARD McGILLICK FOUNDATION 5/17/2007 9:09 AM

25-1192205 Federal StatementsFYE: 12/31/2006

Statement 9 - Form 990-PF, Part VII-A, Line I Ia - Controlled Entity Information

Name/Address EIN Description Amount

Transfers from Controlled Entities $

FE MCGILLICK COMPANY 25-0652670 DIVIDENDS 210,750BEAVER FALLS 15010

Total $ 210,750

9

MCGILFV 05/17/2007 9 09 AMForm 990-PF

2220Underpayment of Estimated Tax by Corporations OMB No 1545-0142Form

1 ► See separate instructions. 20062006

Department of the TreasuryInternal Revenue Service 10, Attach to the corporation 's tax return.

Name Employer identification number

FRANCIS EDWARD McGILLICK FOUNDATION 25-1192205Note : Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty

owed and bill the corporation However, the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page

2, line 34 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220

Part I Req uired Annual Payment

1 Total tax (see instructions) 1 4 , 812

2a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1 2a

b Look-back interest included on line 1 under section 460(b)(2) for completed long-term

contracts or section 167(g) for depreciation under the income forecast method 2b

c Credit for Federal tax paid on fuels (see instructions) 2c

d Total. Add lines 2a through 2c 2d

3 Subtract line 2d from line 1 If the result is less than $500, do not complete or file this form The corporation

does not owe the penalty 3 4 , 8124 Enter the tax shown on the corporation's 2005 income tax return (see instructions) Caution : If the tax is zero

or the tax year was for less than 12 months , skip this line and enter the amount from line 3 on line 5 4 2 , 165

5 Required annual payment . Enter the smaller of line 3 or line 4 If the corporation is required to skip line 4,

enter the amount from line 3 5 2,165Part It Reasons for Filing - Check the boxes below that apply. If any boxes are checked, the corporation must file

Form 2220 even if it does not owe a penalty (see instructions).

6 The corporation is using the adjusted seasonal installment method

7 The corporation is using the annualized income installment method

8 The corporation is a "large corporation" figuring its first required installment based on the prior year's tax

Part III Finurinn the llndprnavmPnt

(a) (b) (c) (d)

9 Installment due dates . Enter in columns (a) through (d) the

15th day of the 4th (Form 990-PF filers: Use 5th month), 6th,

91h, and 12th months of the corporation's tax year 9 5/15/06 6/15/06 9/15/06 12/15/0610 Required installments . If the box on line 6 and/or line 7 above

is checked, enter the amounts from Schedule A, line 38 If the

box on line 8 (but not 6 or 7) is checked, see instructions for theamounts to enter If none of these boxes are checked, enter 25%of line 5 above in each column Special rules apply to

corporations with assets of $1 billion or more (see instructions) 10 541 541 541 54211 Estimated tax paid or credited for each period (see

instructions) For column (a) only, enter the amount from line

11 on line 15 11 1 , 100 1 , 100Complete lines 12 through 18 of one column before

going to the next column

12 Enter amount, if any, from line 18 of the preceding column 12

13 Add lines 11 and 12 13 1 , 100 1 , 10014 Add amounts on lines 16 and 17 of the preceding column 14 541 1 , 082 52 315 Subtract line 14 from line 13 If zero or less, enter -0 - 15 0 0 18 577

16 If the amount on line 15 is zero, subtract line 13 from line

14 Otherwise, enter -o- 16 541 017 Underpayment. If line 15 is less than or equal to line 10, subtract

line 15 from line 10 Then go to line 12 of the next column

.

otherwise, go to line 18 17 541 523 018 Overpayment If line 10 is less than line 15, subtract line 10

from line 15 Then o to line 12 of the next column 18

Go to Part IV on page 2 to figure the penalty . Do not go to Part IV if there are no entries on line 17 -no penalty is owed.

For Paperwork Reduction Act Notice, see separate instructions . Form 2220 (2006)DAA

MCGILFD 05/17/2007 9 09 AM

'Form 222b (2006) FRANCIS EDWARD McGILLICK FOUNDATION25-1192205 Page 2

'Part IV Figuring the Penalty

19 Enter the date of payment or the 15th day of the 3rd month

after the close of the tax year, whichever is earlier (see

instructions) (Form 990-PF and Form 990-T filers: Use 5th

month instead of 3rd month) 19 See Work heet

20 Number of days from due date of installment on line 9 to the

date shown on line 19 20

21 Number of days on line 20 after 4/15/2006 and before 7/1/2006

22 Underpayment on line 17 x Number of days on line 2 1 x 7%

365


24 Underpayment on line 17 x Number of days on line 2 3 x 8% 24

365

25 Number of days on line 20 after 3/31/2007 and before 7/1/2007 25

26 Underpayment on line 17 x Number of days on line 2 5 x *%

r27

365


28 Underpayment on line 17 x Number of days on line 27 x *%

365

29 Number of days on line 20 after 9/30/2007 and before 1 /1/2008

30 Underpayment on line 17 x Number of days on line 29 x *%

r3'1

365


32 Underpayment on line 17 x Number of days on line 3 1 x *%

r33

366

33 Add lines 22, 24, 26, 28, 30, and 32

34 Penalty. Add columns (a) through (d) of line 33 Enter the total here and on Form 1120, line 33,

Form 1120-A, line 29, or the comparable line for other income tax returns 34 $

*For underpayments paid after March 31, 2007 : For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar

quarter, which the IRS will determine during the first month in the preceding quarter These rates are published quarterly in an IRS

News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS

website at www.irs .gov. You can also call 1-800-829-4933 to aet interest rate information 35

Form 2220 (2006)

DAA

MCGILPO 05/17/2007 9 09 AM

Form 2;Form 2220

For calendar year 2006, or tax year beg innin g

Name

FRANCIS EDWARD McGILLICK FOUNDATION

1st Quarter

Due date of estimated payment 5/15/06

Amount of underpayment 541

2nd Quarter 3rd Quarter 4th Quarter

6/15/06 9/15/06 12/15/06541 523

Prior year overpayment applied

1st Payment 2nd Payment

Date of payment

Amount of payment

3rd Payment 4th Payment9/15/06 12/15/06

1,100 1,100

5th Payment

Qtr From To Underpayment #Days Rate Penalty--- -1

---------5/15/06

----------6/30/06

--------------541

-----46

------- -7.00

------------5

1 6/30/06 9/15/06 541 77 8.00 92 6/15/06 6/30/06 541 15 7.00 22 6/30/06 9/15/06 541 77 8.00 93 9/15/06 12/15/06 523 91 8.00 10

eet2006

, and endin g

Employer Identification Number

25-1192205

Total Penalty 35

MCGX.FD 04/27/2007 2 30 PM

Form $868 Application for Extension of Time To File an(Rev December 2006) Exempt Organization Return OMB No 1545-1709

Department of the Treasury ► File a separate application for each returnInternal Revenue Service

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box ►• If you are filing for an Additional ( not automatic) 3-Month Extension , complete only Part II (on page 2 of this form)

Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868

Part I Automatic 3-Month Extension of Time. Only submit original (no copies needed).

Section 501(c)(3) corporations required to file Form 990-T and requesting an automatic 6-month extension-check this box

and complete Part I only ► q

All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of

time to file income tax returns

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file

one of the returns noted below (6 months for section 501(c)(3) corporations required to file Form 990-T) However, you cannot file

Form 8868 electronically if (1) you want the additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870,

group returns, or a composite or consolidated Form 990-T Instead, you must submit the fully completed and signed page 2 (Part II)

of Form 8868 For more details on the electronic filing of this form, visit www irs gov/efile and click on e-file for Charities & Nonprofits

Type or

print

File by the

due date for

filing your

return See

instructions

Name of Exempt Organization Employer identification number

FRANCIS EDWARD McGILLICK FOUNDATION 25-1192205

Number, street, and room or suite no If a P 0 box, see instructionsP.O. BOX 1627City, town or post office, state, and ZIP code For a foreign address , see instructionsBEAVER FALLS PA 15010

Check type of return to be filed ( file a separate application fo r each return)

Form 990 Form 990-T (corporation) Form 4720

Form 990-BL Form 990-T (sec 401 (a) or 408(a) trust) Form 5227

Form 990-EZ Form 990-T (trust other than above) Form 6069

Form 990-PF Form 1041-A Form 8870

• The books are in the care of ► ROBERT P. BAROZZINI

Telephone No ► 412-583-5776 FAX No ►• If the organization does not have an office or place of business in the United States, check this box

• If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is

for the whole group, check this box 0- F] If it is for part of the group, check this box and attach

► q

a list with the names and EINs of all members the extension will cover

1 I request an automatic 3-month (6 months for a section 501 ( c)(3) corporation required to file Form 990-T) extension of time

until 8 / 15 /07 , to file the exempt organization return for the organization named above The extension is

for the organization's return for

► M calendar year 2006 or

► tax year beginning , and ending

2 If this tax year is for less than 12 months, check reason q Initial return q Final return q Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax,

less any nonrefundable credits See 4,812b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax

payments made Include any prior yearoveroavment allowed as a credit 3b $ 2 , 200

Balance Due . Subtract line 3b from line 3a Include your payment with this form, or, if required,

deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment

See instructions 2,612Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO

for payment instructions

For Privacy Act and Paperwork Reduction Act Notice , see Instructions . Form 8868 (Rev 12-2006)

DAA

Fo n990-PF OMBNo 1 2006990s.foundationcenter.org/990pf_pdf_archive/251/...d Backupwithholding erroneously withheld 6d 7 Total credits and payments Add lines 6a through 6d 7 4, 812

Documents