d F~;990-PF Return of Private Foundation 2002conservativetransparency.org/app/uploads/Philip-M.-McKenna-Found… · 7 Capital gain net income (from Pert IV, line 2) , 8 Net short-term

OMB No ~t-0052 III d

F~;990-PF Department of lie Treasury Of Section Internal Revenue Service Note The oIc

Return of Private Foundation a)(1) Nonexempt Charitable Trust Treated as a Private Foundation on may be able to use a copy of (his return to satisfy state reporting requirement 2002

C II eumPlim s701cAqn b " d pnEYg Usk nee . . .

D I Foreign Week here

2 Foreign orgaruirations meeting the BS% 1951 CIIlCk hers, and 811d;11 . , comouiatbn . . . . . . . .

E If 7rF'aiefoundation status rrastaiminetea under aalpn 507IbN1)(A) Aleck hero . ~

_- F II the foundation n n e E6mmN ~erteYnatm under aauan5m(o)(t)(B) enaknan ,

(d) Disbursements (c) Adjusted net for charitable

income purposes

PITTSBURGH, PA 15230-0185 ~ H Check type of organization X Section 501(c)L3) exempt private foundation

unting method L_A Cash U Accrual Other (specify) . . . . . . . . . ....

column (d) must be on cash basis )

(a) Revenue and (b) Net investment expenses per income

books

113 .1

27 Subtract line 26 from line 12 B Easuolrevenue over eaWnses and alWUnemenb

b Net Investment Income (if negative, enter -0-)

-1 .982 .217

zEia1o i 000 For Paperwork Reduction Act Notice, sea the Instructions J5347 L676 11/07/2003 09 47 30 10265400903

Form 990-PF (2002) ,~ 4 3~1- \

G Check all that a Initial return Final return Amended re Name of organization

Use the IRS "' label MCKENNA PHILIP M FDN 10265400903

Otherwise, Number and street (or P O box number if mail is not delivered to street address) CD print

ryPa or See spaeInc C/0 MELLON BANK, N A , P 0 BOX 185

Q Instructions City or town, state, end ZIP cede

Section 4947 (a)( 1 ) nonexemp t charitable in d I Fair market value of all assets at end J )

of year (from Part ll, col (c), line

JjM Analysis o1 Revenue and Expenses (The total of amounts m columns (b), (c), and (d) may not necessarily equal the amounts m column a see page 10 of the instrucflons

1 CaninDU4m~~ its on"

aec ia'HwC (a~ schedule) . ~~k , I 1 d the foundation is not required M

C9 LJ attach Scn a N 2 Distributions from split-interest trusts , ,

3 Interest on savings end temporary ̀ ash investments 0

4 Dividends and interest from securities , , , Sa Gross rents . . � , . �� .

y b (Nat rental Income or (loss) 6 B Net gain or (loss) from sale o1 assets not on line 10 b Gross sales price turen 8,727,569 assets on line sa

7 Capital gain net income (from Pert IV, line 2) , 8 Net short-term capital gam

~~ 9 Income modifications

. : : . . . : : .

10a Gross sales lass returns . end allowances "

to Less Cost of goods sold

" - c Gross profit or (loss) (attach schedule) , , 11 Other income (attach schedule) , , , , , , ,

13 Compensation of officers, directors, trustees, etc

d 14 Other employee salaries and wages . . c 15 Pension plans, employee benefits YI K 16a Legal fees (attach schedule)

b Accounting lees (attach schedule) m c Other professional lees (attach schliaw m

a 1 7 Interest , . , , ~~~~YMN~ ~

c 1 8 taxes (attach schedule) (aee Page 17 d ud C1bh)

19 egrets edule) end depletion 10 a 20 ccuPNiS,1+1.v . . . . q 21 ra e , co tin s , , ,

a 22 r in u liCehons y = - ~TMT 5 m z~ ~ ~~~~~ , d 24 Tote dminist eapensef

25 Contr~~L~.bca s aid f

?, end ending Address change Name change

A Employer Identification number

25-6082635 Room/Suite B Telephone number (see papa 10 0l

the InsWCtbns)

(724) 537-6900

4

4

25-

13,322,303

14,006,616 17 .226 .134

<a I oiiai uaonmes aoa nnes i i mmu n ee

Organizations that follow SFAS 117, check here 111 and complete lines 24 through 26 and lines 30 and 31 .

24 Unrestricted . . . . , . , . . , , , , , , , , , , ,

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

26 Permanently restricted -

Organizations that do not follow SFAS 117, check here and complete lines 27 through 31 1~ FYI

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

28 Paid-in or capital surplus, a land, bldg ,and equipment load

29 Retained earnings, accumulated income endowment, or other loads .

30 Total net assets or fund balances (see page 16 of the

instructions) . , . , , . , , , , , , , , , , ,

31 Total liabilities and net asseh/fund balances (see page 16 of the instructions) " .

17 .226 .134

1

17 .226 .1341 15 .278 .908

JSA 2E1420 t 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 5 -

Attached schedules and amounts in the Balance Sheets description column should beb=

7 Cash -non-interes4beann9 , , , , , , , , , ,

2 Savings and temporary cash investments

3 Accounts receivable Less allowance for doubtful accounts ~

4 Pledges receivable Less allowance for doubtful accounts 11i'

5 Grants receivable , , , , , , , , , , , ,

6 Recervebles due from officers, directors, trustees, and other

disqualified persons (attach schedule) (see papa 15 of the Instructpns)

7 Other notes end loans receivable (attach schedule) 10 . Less allowance for doubtful accounts 1

8 Inventories for sale or use , , , , , , , , , , ,

9 Prepaid expenses and deferred charges , , , , , , , , ,

108 Investments U S and state government obligations (attach schedule) ,

b Investments - corporate stock (attach schedule) , , ,

e Investments - corporate bonds (attach schedule) . , . 11 investments Land, buildings,

and equipment bass ___________ ________ Less accumulated deprecmtbn (attach schedule) ___________________

12 Investments - mortgage loans , , , , , , , , , , , , , , , , 13 Investments - other (attach schedule) , , , , , , , , , , , 14 Land, buildings and ,

equipment basis ___________________ Lass accumulated Oepracleaon 1, (attach schedule) ____________________

15 Other assets (descnbe " _-_--_--_-__-__-____)

16 Total assets (to be completed by all filers - sea papa 16 of

the instructions Also, see page 1, item q . 17 Accounts payable and accrued expenses , , , , , , , , , , , 18 Grants payable , , , 19 Deferred revenue , , , , , , , , , 20 Loans from officers directors hostess and other disqusldled persons , 21 Mortgages and other notes payable (attach schedule) , , , , ,

22 Other liabilities (describe " )

Book Value

15 .278 .908

15 .278 .908

Fair

Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) , ,

2 Enter amount from Part I, line 27a , 3 Other increases not included in dine 2 (itemize) "_ SEE STATEMENT 6 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ~ . --__ SEE STATEMENT 7 6 Total net assets or fund balances at end of veer (line 4 minus line 51 - Part IL column (6L line 30 . . . .

17

Foam 990-PF (zoos)

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

e SEE PART IV SCHEDULE b c d e

(e) Gross sales price (Q Depreciation allowed (g) Cost or other basis (or allowable) plus expense of sale

din in column (h Q) Adjusted basis as of 12/31/69

(q Guns (Cal (h) pain minus col (k), but not less than -0-) or

Losses (from col (h)) (k) Excess of col (i) over col U), if any (1) F M V as of 12/31/69

Was the organization liable for the section 4942 tax on the distributable amount of any year in the base period?, . , . ~ Yes X No If 'Yes,' the organization does not qualify under section 4940(e) Do not complete this part

1 Enter the appropriate amount in each column for each year, see page 17 of the instructions before making any entries

(b) I (C) Adjusted qualifying dls7nbufpns Net value of nonchamaEio-use assets

2000 1999

2 Total of line 1, column (d) . . . . . . . . . . . . . . . , . , , . , 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 d less than 5 years , , , , , , , , 0 07259180767

15,040,044

1,091,784

3,609

1,095,393

4 Enter the net value of noncharitabie-use assets for 2002 from Part X, line 5

5 Multiply line 4 by line 3 , , , , , ,

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

7 Add lines 5 and 6 . . . . . .

8 Enter qualifying distributions from Part XII, line 4 . . . . . . . . . . . . . . . L 8 1 1 , 253 , 862 If line 8 Is equal to or greeter then line 7, check the box in PM VI line 1D and Complete that pad using a 1% tar rate See Ire Park VI instruClgn! at papa 17

,'�o , 000 Farm 990-P IF (2002) OJ5347 L676 11/07/2003 09 47 30 10265400903 6 -

25-6082635

for assets

acquired fd) Date sold (mo . day, n ) I Imo . day. YT )

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

If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) " " " " ~ { If (loss), enter-0- in Part I, line 7 } 2 -1,122 , 488 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)

If gain, also enter in Part 1, line 8, column (c) (see pages 12 and 17 of the instructions) 1r If loss , enter -0- m Part I, line 8 , , , 3

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

Base period years Calendar year

. . . . .

mho

- see page 17 of the Excise Tax Based on Investment It

3,609

3,609 NONE

3 .609

17,284

1 e Exempt operating foundations described in section 49400(2), check here 1 u end enter 'N/A' on line 1 Date of ruling loner --_ _ _-_-_ (attach copy of ruling lever If necessary-see Instructions)

D Domestic

Ma

nizahons that meet the section 4940(e) requirements in Part V, check

here " end enter 1 I of Pan I, line 27b . . . . . . . . . . . . . . . . . . c All other domestic organizations enter 2`Y of line 27b Exempt foreign organizations enter 4% of Pan I, line 12, col (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) , , 3 Addlines t and 2 , , , , , , , , , , , , , , , , , , , , , , , , . 4 Subtitle A (income) tax (domestic section 4947(e)(1) trusts end taxable foundations only Others enter -0-), , , , 5 Tax based on Investment Intone Subtract line 4 from line 3 II zero or less, enter -O- , , , , , , , , , 6 Credits/Payments a 2002 estimated tax payments and 2001 overpayment credited to 2002 , , , , , , , 6a 17 ,284

b Exempt foreign organizations -texwithheld etsource , , , , , , , , , , 6b NOW

c Tax paid with application for extension of time to file (Form 8868) 6c NON I

d Backup withholding erroneously withheld , , , , , , , , , , , , , , . . ~ 6d

7 Total credits and payments Add lines 6a through 6d , , , , , . . . . . . . . . . . . . . . . . . . . 8 Enter any penalty for underpayment of estimated tax Check here a il Form 2220 is attached , , , , , , 9 Tax due II the total of lines 5 and B is more than line 7, enter amount owed , , , , , , , , , , , , , , , , , , t

10 Overpayment If line 7 is more then the total of lines 5 and B, enter the amount overpaid , , , , , , , , , , , , 1

Activities 1 s During the tax year, did the organization attempt to influence any national, state, or local legislation or did Yes No

it participate or intervene in any political campaign? , , , , , , , , , , , , , , , , , , , , , , , . . , . 1 a b Did it spend more than E700 during the year (either directly or indirectly) for political purposes (see papa

18 of the instructions for definition)'+ , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 b 11 the answer is 'Yes' to f e or 16, attach a detailed description o! the activities and copies of any materials published or distributed by the organization in connection wrLh the activities

c Did the organization file Form 1120.POL for this yew? , , , , , , , , , , , . . . , . . . , , , , , , , , 1 e

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

(1) On the organization fi~ $ (2) On organization managers " S e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed

on organization managers " $ 2 Has the organization engaged in any activities that have not previously been reported to the IRS , , , , , , , , , , , , , 2

It 'Yes,' attach a detailed description of the activities 3 Has the organization made any changes, not previously reported to the SRS, in its governing instrument, articles

of incorporalion, or bylaws, or other similar instruments? If 'Yes,' attaU a conformed copy of the changes , , , , , , , , , , , , 3 4 a Did the organization have unrelated business gross income of $7,000 or more during the yeah , , , , , , , , , , , , 4a b If 'Yes,' has it filed a tax return on Form 990-T for this year? , , , , , , , , , , , , , , , , , , , , , , , , , , , Cb NI A

5 Was there e liquidation, termination, dissolution, or substantial contraction during the year? , , , , , , , , , , , , , 5 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

7 Did the organization have et least $5,000 in assets et any time during the year? If 'Yes,' complete Pan 11, col (c), and Part XV , , 7

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

instructions) " PENNSYLVANIA ------------------------------------ ------------------------b II the answer is 'Yes' to line 7, has the organization furnished e copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If 'NO,' attach explanation , , , , , , , , . , Bb 9 Is the organization claiming status as e private operating foundation within the meaning of section 49420(3)

or 49420(5) for calendar year 2002 or the taxable year beginning in 2002 (see Instructions for Pert %1V on page 25)? If 'Yes,' cromplete Part XIV , , , , , ,

" . 9

10 Did any persons become substantial contributors during the tax years M Nes,' attach a schedule listing their names and addre%AYT 8 10

11 Did the organization comply with the public inspection requirements for its annual returns and exemption application? . 11 Web site address " N /A

12 The books ere in careot "_MELLON BANK NA --- 7elepnoneno " (724)537=6900 --------Located at p. -PO BOX ziP+a fl~ _____15230 0185 ________

13 Section 4947(a)(1) nonexempt charitable trusts tiling Form 990-PF in lieu of Form 1041 - Check here , "II

and enter the amount of tax-exempt interest received or accrued during the veer 13 " I

JSA Form 990-PF (2002) 7E7440 1 0p0

OJ5347 L676 11/07/2003 09 47 30 10265400903 7 -

990-PF

JSA 1E1~5p 1 000

OJ5347 L676 11/07/2003 09 .47 30 10265400903 8 -

4720 File Form 4720 If any item is checked In the "Yes" column, unless an exception applies Yes N(

1 a During the year did the organization (either directly or indirectly) (1) Engage in the sale or exchange, or leasing of property with a disqualified person? . . . . D Yes aNo (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

e disqualified persons . . . . . . . . . . . . . . . . . . . . . . . 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 e disqualified persons . . . . . N 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)? . . . . . . . . . . . . . . . . . . . 0 Yes ~ No (6) Agree to pay money or property to e gowmment official? (Exception Check *No'

if the organization agreed to make a grant to or to employ the official for e period after termination of government service, if terminating within 90 days ) . . . . . . . . . . a yes a No

b If any answer is 'Yes' to 1 e(1)-(6), did any of the acts tail to quality under the exceptions described in Regulations section 53 4941(d)-3 or in e current notice regarding disaster assistance (see gape 19 of the mstruchons)7 . . . . .~ ~ Organizations relNng on a current nonce regarding disaster assistance check here . . . . . . . . . . ~ I-I

e Did the organization engage in e prior year in any of the acts described in 1e, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2002? . . . . . . . . . . . . 1 c k

2 Taxes on failure to distribute income (section 4942) (does not apply for years we organization was a private operating foundation defined in section 49420(3) or 49420(5))

a At the end of lax year 2002, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 20027 . . . . . . . . . . . . . . . . . . . Yes E~ No If 'Yes; list the years " __________ . _________ . ________ . ________

b Are there any years listed in 2e for which the organization is not applying the provisions of section 4942(e)(2) (relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(e)(2) to ell years listed, answer 'NO' end attach statement - see page 19 0l the instructions ) . . . . . . . . . . . . . . . . . . 2b N A

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

3 e Did the organization hold more than a 2% direct or indirect interest in any business enterprise at any time during the year9 , , , , , , , , , , , , , , , , , , , , , , , Yes E~ No

b If 'Yes,' did it have excess business holdings in 2002 as a result of (1) any purchase by the organization or disqualified persons alter 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 it the organization had excess business holdings in 2002) " " " " . . . . . . . . . . . . . . . . . . . . . . . . . . 3 b N

4 e Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes? . . . . . 4a

b Did the organization make any investment in e prior year (but alter 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 20021 . . . . . . 4 b

5 a During the year did the organization pay or incur any amount to (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? , , ElYes a No (2) Influence the outcome of any specific public election (sea section 4955), or to carry

on, directly or indirectly, any voter registration drne9 , , , , , , , , , , , , , , , , , , , , Yas x No (3) Provide a grant to an individual for [revel, study, or other similar purposes? e Yes No (4) Provide e grant to an organization other then a charitable, etc , organization described

in section 509(a)(1), (2), or (3), or section 4940(cf)(2)9 , , , , , , , , , , , , , , , , , Yes F-X]No (5) Provide for any purpose other than religious, charitable, saenufic, literary, or

educational purposes, or for the prevention of cruelty to children or animals? , , ElYes FANo b If any answer is 'Yes" to Sa(1)-(5), did any of the transactions tail to quality under the exceptions described in

Regulations section 53 4945 or in a current notice regarding disaster assistance (see gape 20 0l the instructions)? " 5 b N Q Organizations relying on e current notice regarding disaster assistance check here . . . . . . . ~

e If the answer is 'Yes' to question Sa(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grant? . . . . . . . . . N / A E] Yes E] No

Il 'Yes,' attach the statement required by Regulations section 53 4945-5(d) 6 a Did the organization, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contracts . , , , , , , , , . . . . Yea E~ No b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? Bb

If you answered 'Yes' to 615. also ale Form 8870

Form 990-PF (2002)

NONE -----------------------------------------------------

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

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

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

Summary of Direct Charitable Activities

List the foundation's four largest direct charitable ectlNlles during the tnx year Include relevant statistical information such as the number of organizations end other benaficianes served, conferences convened research papers produced etc Epenses

1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

NONE ----------------------------------------------------------------- 2

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

3

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

4

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

JsA 2E14601 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 9 -

25-6082635 Form 990-PF(2002) Page 6 WITIFIM Information About Officers, Directors . Trustees, Foundation Managers, Highly Paid Employees, and Contractors 1 List all officers, directors, trustees, foundation mans ers and then compensation see a e 20 0l the Instructions(b)

title, and average (c) Compensation (a) contributions io (e) E~ensa account (a) Name and address hours per reek (II not paid, enter employ" oaiNn pima devoted to position -0, and deferred canipwiaaian other allowances

-------------------------------------- SEE STATEMENT 9 113,154 -0- -0---------------------------------------

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

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

2 Compensation of five highest-paid employees (other than those included on line 1 - see page 20 0l the Instructions). If none, enter "NONE."

P Wro enMn pane (e) E~ense ecmmt

(a) Name end address of each employee paid more than 550000 (b ~oluraaper week ~~ (c) Canpansetbn ema'cmiNnuuona ~o

devoted to Position and Calmed ompaiwnm other ellowanca~

-------------------------------------- NONE

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

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

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

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

Five highest-paid Independent contractors for professional services - (see page 20 of the Instructions). I1 none, enter "NONE "

Form 990-PF (2002)

3 NONE ---------------------------------------------------------------------------

Total. Add lines 1 through 3 , , , , , , , , Minimum Investment Return (All domestic foundations must complete this part . Fo

to 14,874,243 tb 394,837 tc NONE id 15,269,080

2 NONE

2c

NONE

Qualifying Distributions (see page 23 of the instructions) Amounts paid (including administrative expenses) to accomplish charitable, etc , purposes Expenses, contributions, grits, etc - total from Pan I, column (d), line 26 , , , , , , , , , , , , . . . t o Program-related investments - Total from Part IX-B 1 b Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes p Amounts set aside for specific charitable projects that satisfy the Suitability test (prior IRS approval required) . . . . . . . . . . . . . . , , , . . . 3a Cash distribution test (attach the required schedule) . , , 3b Qualifying distributions. Add lines 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 Organizations that quality under section 4940(e) for the reduced rate of tax on net investment income Enter 1 % of Part I, line 27b (sea page 24 of the instructions) . . . . . Adjusted qualifying distributions Subtract line 5 from line 4 6 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Note The amount online 6 will be used m Part V, column (6), in subsequent years when calculating whether the foundation

qualifies for the section 4940(e) reduction o/ tar in those years

1 a b

2

3 a b

a 5

6

253,862 NONE

NONE

NONE NONE

253,862

3 .609

JSA 7Eia70 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 10 -

1 NUNt

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

2

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

see page 21 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 b Average of monthly cash balances c Fair market value of all other assets (see page 22 of the instructions) . . . , . . . . . . , , , d Total (add lines 1a, b, and c) . . . . , . . . . . . . , . , . , e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ~

. . . . . . I 1 e 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line td 4 Cash deemed held for charitable activities Enter 1 1/2°,6 of line 3 (for greater amount, see page 22

of the instructions) , . . . . . , 5 Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Part V, line 4 6 Minimum Investment return Enter 5% of line 5 ,

Distributable Amount (seepage 23 of the instructions) (Section 4942Q)(3) and Q)(5) foundations and certain foreign organizations check here ~ n and do not complete

1 Minimum investment return from Part X, line 6 . . . . . . , , , . , .

. . . . , . . . 2 a Tax on investment income for 2002 from Part VI, line 5 2a 3,609 b Income tax for 2002 (This does not include the tax from Part VI 2b c Add lines 2a and 2b

3 Distributable amount before adjustments Subtract line 2c from line 1 . . . . . . . 4 a Recoveries of amounts treated as qualifying distributions , , , , , , I 4e ~ . NON b Income distributions from section 4947(a)(2) trusts . . . . . " 4b c Add lines 4a and 4b

5 Add lines 3 and 4c 6 Deduction from distributable amount (see page 23 of the instructions) . .

a

private this oar

229.036

Form 990-PF(2002)

JSA 2E1<BO 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 11 -

25-6082635 " Form 890-PF (2002) Pope 8

Undistributed income (see page 24 of the instructions)

(a) (b) (c) (d) 1 Distributable amount for 2002 from Pan XI, Corpus Years prior to 2001 2001 2002

line ? , , , , , , , 748,393 2 Undistributed Income, it any as of the and of 2001 s Enter amount for 2007 only , , , , , , , NON b total for pea years 2000 NON

3 Excess distributions car vet, d any, to 2002 a From 7997 506, 051 b From 1998 409, c From 1999 , . , 543,378 e From 2000 , . . . 377,210 e From 200 . . . 429,519 1 Total of lines 3e through e , , , , , , , , 2,265, 894

4 Qualifying distributions for 2002 from Pan XI 1, line a ll~ E 1,253,862

a Applied to 2001, but not more then line 2a , , , NON

b Applied to undistributed income of poor years (Electionrequired -seepage 24olNe1n5WCGms) , NON

e Treated as distributions out of corpus (Election required - see page 24 of the instructions) , , NON

d Applied to 2002 distributable amount, , 748 ,393 e Remaining amount distributed out of corpus . 505 ,46 9

5 Excess distributions carryover applied to2002 NON NONE (n an amount appears m 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, end 4e Subtract line 5 2, 771 ,363

b Prior years' undistributed income Subtract line 4b from line 2b NON

c Enter the amount of prior years' undistributed income for which a nonce of deficiency has been issued, or on which the section 4942(x) tax has been premously assessed , , , , , NON

d Subtract line 6c from line 6b Tumble amount - see page 24 of the instructions , , , NON

e Undistributed income for 2001 Subtract line ae from line 2e Taxable amount sea papa 24 of the instructions NON

1 Undistributed income for 2002 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2003 NONE

7 Amounts beefed as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or a942(p)(3) (see page 24 0l the instructions) NON

8 Excess distributions carryover from 1997 not applied on line 5 or line 7 (sea page 25 of the instructions) . . . . . . . . 506,051

9 Excess distributions carryc%rer to 2003 Subtract lines 7 and 8 from line 6a . . . . 2 ,265,312

10 Analysis of tine 9 e Excess from 1998 409, 736 b Excess from 7999 . . 543 , 378 c Excess from 2000 . 377 , 210 d Excess from 2007 . 429 e excess from 2002 . 505 , 469 .

Form 990-PF (zooz)

-6082635 'art VII-A, question

:hon 4942(1)(3) or

1 a If the foundation has received e ruling or determination letter that n is e plinvate operating foundation, end the ruling is effective for 2002, enter the date of the ruling

the or

Tax Prior 3

(1) Total support other Man gross Imastmen hcortq informal discards ments Partners on sec~mxso loans (section 512(e)(5)) or royalifn),

(2) support from gerl pubic and 5 a rtva exempt organizations as provided n calm 4wzUNS)lel(ml . .

(3) Urgesil amount of support from an exempt organization

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

2E1400 I 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 Form 990-PF (2002)

12 -

Form 990 PF

b Check box to indicate

28 Enter the lower of the adjusted net income from Pert I or the minimum investment return horn Pert X for each year listed . .

b 85X of Iina 2e . . . .

c ouvanoo distributions from Pon

%II IinedIaBTChYau45100

d ~mourts included in 1 .0 2 : not used directly for come conduct of exempt ecIMUm , , , , ,

6 Qualifying distributions made directly for acisio conduct of exempt eateries Subt= line Ya it= line 2c .

Complete '.1aEIXC10lNO eftsmat" fast mw upon

B "Nleb'altamavotasi all

0 1 V91uedBIIassets (2) Val aassauouaidyhnp

under section "9CIOUBM) . .

b Endowment altemwnetest -Enter 2/3 of minimum investment return Nwem n Pan % Ine B for eai year listed . . .

C 'Support eltemelnetml inter

Supplementary Information (Complete this part only if the organization had $5,000 or more In assets at any time during the year - see page 25 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 5070(2) )

N/A b List any managers of the foundation who own 10% or more of the stock of a corporation (or en equally large portion of the

ownership of e partnership or other entity) of which the foundation has e 101 or greater interest

N/A 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc , Programs

Check sera 1 1:1 il the organization only makes contributions to preselected charitable orgenlzanons and does not accept unsolicited requests for hinds If the organization makes gifts grants, Btc (see page 25 0l the instrudlons) to individuals or organizations under other conditions, complete Items 2s, b, c, and d

a The name, address, end telephone number of the person to whom applications should be addressed T WILLIAM BOXX . PO BOX 186 . LATROBE PA 15650 (724) 537-6900

b The form in which applications should be submitted and information and materials they should include PROVIDED UPON INITIAL CONTACT

c Any submission deadlines

PROVIDED UPON INITIAL CONTACT

i Information

3

Purpose of grant or coninbutron

or

J~ 2EUB~ ~ OW

OJ5347 L676 11/07/2003 09 47 30 13 - 10265400903

Recipient

Name and address (Fwn a Paid dunng the year SEE ATTACHED

b Approved for future payment

Foundatqn status of recipient

25-6082635

Amount

1,101 .100

Foam 990-PF (2002)

(b) 1 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 end 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 B Gain or (loss) from sales of assets other than Irnentoi 9 Net income or (loss) from special events , , , 10 Gross profit or (loss) from sales of inventory . . 11 Other revenue e

b

e

d

e

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

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

. Relationship of Activities to the Accomplishment of Exempt Purposes

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to Line No the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes) (See V ~ page 26 of the instructions )

Form 990-PF (2002)

14 - OJ5347 L676 11/07/2003 09 47 30 10265400903

Form 990-PF

Enter gross amounts unless otherwise indicated

nr LJ-VVOLOJO

(e)

JSA 2E t X92 t 000

cJ-VVOGOJ7 page 12

Transfers To and Transactions and Relationships With Nonchantable Information

X (2) Purchases of assets from e nonchentable exempt organization , , , , , , , , , , , , , , , , , , , , , (3) Rental of facilities, equipment, or other assets , , , , , , , , , , , , , , , , , , , , (4) Reimbursement arrangements , , , , , , , , , , , , , , , , , (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) Performance of sernces or membership or fundraising solicitations , . . . . . . . . . .

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees , , , , , , , , , , , , d II the answer to any of the above is 'Yes,' complete the Idloxnng schedule Column (b) should always show we fair market

value of the goods, other assets, or services given by the reporting organization II the organization received less than leer market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services

(d) Description of transient, dine no I (b) Amount involved I (c) Name of

Y e Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) al the Coda (other than section 501(c)(3)) or in section 5277 , , , , , , , , , , , Yes Q No

of of

Under penalties of perju I deco belief n is true, correct nd co

Slpn re o oHlce stee d S

rn =~ Prepareis ' °-q m O signature

~ m w Firm's name (or yours it ~ self-employed, address,

and ZIP code

Jsn 2E1493 t 000

OJ5347 L676 11/07/2003 09 47 30

1 Did the organization directly or indirectly engage m any of the following with any other organiretim descnhed in section 501(c) of the Code (other then section 507(c)(3) organizations) or in section 527, relating to political organizations,

e Transfers from the reporting organization to a noncharitsble exempt organization of (1) Cash . . (2) Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Other Transactions (1) Sales of assets to a noncheritable exempt organization

Name of

z

and sharing

iat I eve examined this return including accompanying schedules end stalwarts, and to the best of my knowledge end Declaration of preperer (other than taxpayer a fiduciary) Is based m ell inlwmatpn of wfirb preperer has any knowledge

OMB NO 1545 0047

number

Filers of : Section

Form 990 or 990-EZ 0 501(c)( ) (enter number) organization

For Paperwork Reduction Act Notice, we the Instructions for Form 990 and Form 99U-EZ Schedule B (Form 990, 990-EZ, or 99OPF) (2D02)

J5Ak 2E1251 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 63

Schedule B Schedule of Contributors (Form 990, 990-EZ, or 990-PF) Supplementary Information la Department of the Treasury Intemel Re,anue Sernca line 1 of Form 990, 990-EZ, and 990-PF (see Instructions)

Name of organization

MCKENNA PHILIP M FEIN 10265400903 Organization type (check one)

2002

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

D 527 political organization

Forth 990-PF ~ 501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

Check d your organization is covered by the General Rule or a Special Rule (Note Only a section 501(c)(7), (8), or (70) organization can check boxes) /or both the General Rule and a Special Rule - see instructions)

General Rule -

D 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 1 and II )

Special Rules-

For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33 7/3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(w) and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II )

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 exclusrvelyfor religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and III )

D 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 rile Schedule 8 (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading o/ their Form 990, Forth 990-EZ, or on line 1 0f their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF)

Schedule 8 (Farm BBO or 89PEZ) (2002)

64 10265400903 OJ5347 L676 11/07/2003 09 47 30

Schedule B (Form 990 or B9QEZ)(2002)

If a section 501 (c)(7), (8), or (70) organization received contributions or bequests for use exclusively for religious, charitable, etc , purposes (sections 170(c)(4), 2055(a)(3), or 2522(a)(3)) List in Part f each contributor whose contributions

total more than $1,000 during the year that were for a religious, charitable, etc , purpose To determine the $1,000, aggregate all of a contributor's grits for the year (regardless of amount) For a noncash contribution, complete Part II

All section 501(c)(7), (8), or (10) organizations that received any charitable contributions and listed any charitable contributors on Part I must also complete Part III

II a section 501(c)(7), (8), or (t0) organization received charitable gifts, but is not required to list any charitable contributors on Part I, check the box on line A at the top of Schedule B (Form 990 or 990-EZ) and enter the amount of charitable contributions received in the space provided The organization need not complete and attach Part III

Specific Instructions Note You may duplicate Parts 1, Il, and Ill if more copes are needed Number each page o1 each Part Pert I. In column (a), identify the lust contributor listed as no 1 and the second contributor as no 2, etc Number consecutively Show the contributor's name, address, aggregate contributions for the year, and the type of contribution (e g , whether an individual, payroll, or noncash contribution) Report payroll contributions by listing the employer's name, address, and total amount given (unless an employee gave enough to be fisted individually)

JsA 2EI752 1 000

Page 2

Part It . In column (a), show the number that corresponds to the contributor's number in Part I Describe the noncash contribution fully Report on property with readily determinable market value (i e , market quotations for securities) by listing its fair market value (FMV) For marketable securities registered and listed on a recognized securities exchange, measure market value by the average of the highest and lowest quoted selling prices (or the average between the bona fide bid and asked prices) on the contribution date See Regulations section 20 2031-2 to determine the value of contributed stocks and bonds When market value cannot be readily determined, use an appraised or estimated value To determine the amount of a noncash contribution that is subject to an outstanding debt, subtract the debt from the property's fair market value Part 111 Section 501(c)(7), (e), or (10) organizations that received contributions or bequests for use exclusively for religious, charitable, etc , purposes must complete Parts I through III for those persons whose gifts totaled more than $1,000 during the year Show also, in the heading of Part III, total gifts that were $1,000 or less and were for a religious, charitable, etc , purpose Complete this information only on the first Part 111 page

If an amount is set aside for a religious, charitable, etc , purpose, show in column (d) how the amount is held (e g , whether it is mingled with amounts held for other purposes) If the organization transferred the grit to another organization, show the name and address of the transferee organization in column (e) and explain the relationship between the two organizations

to " of vin i SC neEUie B (Form 990 99O-E2 a BB0.PF) (20Q2)

Name of organization

MCKENNA PHILIP M FDN 10265400903 Employer identification number

25-6082635

(c) (d) contribution

Person Payroll

0,000 Noncash r

(Complete Part 11 6 there is a noncash contribution )

(c) (d) contributions Type of contribution

Person Payroll Nonceah (Complete Part II if there is a noncash contribution )

(a) I (b) No Name . address. and ZIP +4

M (d) contributions Type of contribution

Person Payroll Noneesh (Complete Part II d there is a noncash contribution )

(c) (d) Aggregate contributions Type of contribution

Person Payroll Noncash (Complete Part II d there is a noncash contribution I

Schedule B (Form NO. i9Pq or PJ0.PF) (7M)

10265400903 65 -

JSA 2Et25J 1 000

OJ5347 L676 11/07/2003 09 47 30

Contributors (See Specific Instructions )

(a) (b) No Name, address, end ZIP+4

1 KATHERINE MABIS MCKENNA FOUNDATION

P 0 BOX 186

LATROBE, PA 15650-0186

(a) (b) No Name, address, end ZIP +4

(e) I (b) No. Name. address

(a) I (b) No Name . address


Person Payroll Noneash (Complete Part II d there is a noncash contribution )


Person Payroll Noncash (Complete Part II d there is a noncash contribution )

(e) I (b) No. Name. address, and ZIP +4

%D577 2 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 66 STATEMENT 1

MCKENNA PHILIP M FDN 10265400903 25-6082635

FORM 990PF, PART I - CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED

INDIRECT PUBLIC

NAME AND ADDRESS DATE SUPPORT ---------------- ---- -------

KATHERINE MABIS MCKENNA FOUNDATION 12/24/2002 50,000 P 0 BOX 186 LATROBE, PA 15650-0186

--------------- TOTAL CONTRIBUTION AMOUNTS 50,000

%D577 2000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 67 STATEMENT 2


FORM 990PF, PART I - INTEREST ON TEMPORARY CASH INVESTMENTS

REVENUE AND NET

EXPENSES INVESTMENT DESCRIPTION PEA BOOKS INCOME ----------- --------- ------

QUAKER STATE 1990-2 1,637 . QUAKER STATE 1992-2 634 QUAKER STATE 1994-2 4,312

TOTAL -------------- - ------------- 6,583

25-6082635

CONSULTING 1,000 BANK FEE 43

------------ - TOTALS 1,043

%D577 2000

- OJ5347 L676 11/07/2003 09 47 30 68 STATEMENT 3 10265400903

MCKENNA PHILIP M FDN 10265400903

FORM 990PF, PART I - OTHER PROFESSIONAL FEES

REVENUE AND

EXPENSES DESCRIPTION PER BOOKS

CHARITABLE PURPOSES

1,000 43

--------------1,043

577 577 8,200 3,000

26,312 -------- ----- --------------

38,089 . 577

xos77 z o00 - OJ5347 L676 11/07/2003 09 47 30 69 10265400903 STATEMENT 4


FORM 990PF, PART I - TAXES

DESCRIPTION

FOREIGN TAXES EXCISE TAXES PRIOR YEAR TAXES PAYROLL TAKES

TOTALS

25-6082635

REVENUE AND NET

EXPENSES INVESTMENT PEA BOOKS INCOME --------- ------

CHARITABLE PURPOSES

26,312 --------------

26 .312

NET INVESTMENT

INCOME

2,196

1,124

561

847

1,008

727

471

1,027 .

%D577 Z 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 STATEMENT 5 70


FORM 990PF, PART I - OTHER EXPENSES

DESCRIPTION

TELEPHONE

SUPPLIES

POSTAGE

MAINTENANCE

CLEANING SERVICES

OFFICE INSURANCE

DUES & SUBSCRIPTIONS

MISCELLANEAOUS

QUAKER STATE 1990-2

QUAKER STATE 1992-2

QUAKER STATE 1994-2

TOTALS

REVENUE AND

EXPENSES PER BOOKS

25-6082635

13

17

18 --------- ---- --------------

7,961 48 .

CHARITABLE PURPOSES

2,196

1,124

561

847

1,008

727

471

1,027

--------------7,961

MCKENyA PHILIP M FDN 10265400903 25-bV8Lb35

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

TAX COST CORRECTION TAX COST ADJ - PARTNERSHIPS

29,280 . 8,490

-------------- TOTAL 37,770

xo576 2 oao OJ5347 L676 11/07/2003 09 47 30 71 10265400903

DESCRIPTION AMOUNT

STATEMENT 6

MCKENNA PHILIP M FDN 10265400903 2 -5 -6082&35

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

TAX COST ADJUSTMENT 2001 CHECKING BALANCE ADJ ROUNDING ADJ CAPITAL SALES

STATEMENT 7

zo57e 2 ooo OJ5347 L676 11/07/2003 09 47 30 10265400903 72 -

DESCRIPTION

TOTAL

AMOUNT

2,709 64 6

----------- --2,779

zosn xooo - OJ5347 L676 11/07/2003 09 47'30 10265400903 73 STATEMENT 8


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

INDIRECT PUBLIC

NAME AND ADDRESS DATE SUPPORT ---------------- ---- -------

KATHERINE MABIS MCKENNA FOUNDATION 12/24/2002 50,000 P 0 BOX 186 LATROBE, PA 15650-0186

--------------- TOTAL CONTRIBUTION AMOUNTS 50,000


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

113,154

%D577 Z 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 STATEMENT 9 74

TITLE AND TIME NAME AND ADDRESS DEVOTED TO POSITION ---------------- -------------------

MELLON BANK NA TRUSTEE P 0 BOX 185 AS NEEDED PITTSBURGH, PA 15230-9897

T WILLIAM BOXX CHAIRMAN P 0 BOX 186 AS NEEDED LATROBE, PA 15650

NORBERT J PAIL SECRETARY TREASURER P 0 BOX 186 LABTROBE . PA 15650

ZAN MCKENNA RICH DIRECTOR P 0 BOX 186 LATROBE, PA 15650

JOHNATHAN C HALL DIRECTOR P 0 BOX 186 LATROBE, PA 15650

GRAND TOTALS

COMPENSATION ------------

63,854

49,300

9 Installment due dates Enter in columns (a) through (d) the 15th day of the 41h (Form 994PF 61m Use 5th month) 6th 9N, and 12th months of the corporation s ma year

10 Required Installments If the box on line 1 end/or line 2 above is checked, enter the amounts from Schedule A, line 40 If the box on line 3 (but net 1 or 2) is checked, see instructions for the amounts to enter If none of these boxes are checked, enter 26% of line 8 above in each column , , 10 NONE N

11 Estimated tax paid or credited for each period (see

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

11 online 1s, , . . , . , ., . . 11 9,084 4,3

Complete lues 12 Mrough 18 of one column dal

going to we next column

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

13 Add lines 11 end 72 13 4,2

14 Add amounts on lines 16 end 17 of the preceding column " 7 4

15 Subtract line 14 from line 13 If zero or less, enter -0- , 15 4, 2

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

14 Otherwise, enter-0- , , , , 16

17 Underpayment It line 15 is bss then or equal to line 10 subtract line 15 from line 10 then go to line 12 0l the nee column

otherwise go to line 18 . . . 17

18 Overpayment If line 10 is less than line 15, subtract line 10

NONEI NONE

1 .500 I 2 .400

on line 17, no penalty is owed

10265400903

Form 2220 (2002)

JsA 2F09S1 3 000

OJ5347 L676 11/07/2003 09 47 30 75 -

�, e- 2 20 ' underpayment of Estimated Tax by Corporations OMB NO 15150142 ,

Department ameTreasury 111" See separate Instructions. internal Revenue seme " Attach to the corporation's tax return. 2002 NName Employs

MCKENNA PHILIP M FDN 10265400903 25-6082635 Note In most cases, the corporation does not need to file Form 2220 (See Part 1 below (or exceptions) The IRS will figure any penalty

owed and bill the corporation 11 the corporation does not need to Tile Form 2220, it may still use it to figure the penalty Enter the

Reasons for ruing - Check the boxes below that apply to the corporation it any boxes are cnecKed, the corporation must file Form 2220, even if it does not owe the penalty If the box on line 1 or line 2 applies, the corporation ma be able to lower or eliminate the anal

1 The corporation is using the annualized income installment method 2 The corporation is using the adjusted seasonal installment method 3 The corporation is e 'large corporation' fi g uring its first re q uired installment based on the nor ears tax

Fi g uring the Underpayment

a Total tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . a 3,609

5 0 Personal holding company tax (Schedule PH (Form 1120) fna 2B) included on line 4 , , SB

b Look back interest included on line a under section 460(b)121 for completed long-term contracts or section 187(p) for depreciation under the income forecast method , 5 b

c Credit for Federal tax paid on fuels (see instructions) , , , , , , , , , Se d Total Add lines Se through Sc , , , , , , , , , , , , , , , , , soil

6 Subtract line Sd from line 4 If the result is tens than $500, do not complete or file this loan The corporation does not owe the penalty , , , , , , , , , , , , , , , , , , , , , , , , , , , , 6 3,609

7 Enter the tax shown on the corporation's 2001 income tax return (see instructions) Caution hero orfhe fax year was for less than 12 months, skip this line and enter the amount from line 6 on hne 8 , , , , , , , , , , , , 7 NONE

8 Enter the smaller of line 6 or line 7 II the corporation is required to skip line 7, enter the amount from line 6

Complete Pert 111 on page 2 to figure the penalty. IF there are n For Paperwork Reduction Act Notice, see separate Instructions

' Page 2 Form

1 9 Enter the date of payment a the 15th day of the 3rd month after the close of tie lea year, vfiiChBRr l9 earlier (see mstruaans) (Farm990-YFandFOrm99o-Tillers, UseSN month instead of 3b month ) , , , , , , , , ,

20 Number of days from due data of Installment on line 9 to the

date sown on line 19 , , , , , , , , , , , , , , , , ,

2 1 Number of days on line 20 alter 417Y7002 end before x/1/2007 , ,

22 Underpayment anline t7a Number atdays or, line 21 x 6% 365

23 Number of days on line Z0 slier 7277/2002 Wit before 411/2003

24 Underpayment on line 17 x Number of days m line 29 z 5% ,

385

Z$ Numpar of days an line 20 after Y97/2003 end Oalora 7/7/3003 , ,

26 Underpayment on line 17 x Number of days on line 25 x'% , , 365

27 Number of days on line ZO elder V301100.7 and before 101M003

28 Underpayment on line 17 x Number of days on line 27 a' % , , 365

29 Number al days online 20 after B/~007 and before t/12004 , ,

90 Underpayment on line 17 a Number of days m line 29 a 'X , 385

31 Number of days on line 20 alter 17/37/2003 and before LIfl2001 , ,

33 Add lines 22, 24 26, 2B, 30, end 32

34 Penalty Add columns (e) through (d), of line 33 Enter the total here and on Form 1120, line 33, Form 1120-0. line

OJ5347 L676 11/07/2003 09 47 30 10265400903 76 -

32 Underpayment on line 17 x Number of days on line 31 x 386

'For underpayments paid after March 31, 2003 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 quartet 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 Web Site at www Irs.gov You can also call t-800-829-1040 to get interest rate information

Form 2220 (2002)

JSP

7F0855 2 000

MCKENNA PHILIP M FDN 10265400903 25-6082635 Schedule D Detail of Short-term Capital Gains and Losses

YFODn 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 77 STATEMENT

JSA


2FOY71 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 78 STATEMENT

JSA


1FOG71 I 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 79 STATEMENT 3

JSA


2FOB71 1 000

OJ5347 L676 11/07/2003 09'47 30 10265400903 80 STATEMENT

JSA


2F0971 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 81 STATEMENT

JSA


2F0971 I 00p

OJ5347 L676 11/07/2003 09 47 30 10265400903 82 STATEMENT 6

JSA


7F0971 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 83 STATEMENT 7

JSA

MCKENNA PHILIP M FDN 10265400903 25-6082635 Schedule D Detail of Short-term Capital Gams and Losses

2FOB71 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 84 STATEMENT 8

JSA


3F0971 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 85 STATEMENT

JSA

MCKENNA PHILIP M FDN 10265400903 .- 25-6082635 Schedule D Detail of Short-term Capital Gains and Losses

2F0877 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 86 STATEMENT 10

JSN


3F097~ I 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 87 STATEMENT 11

JSA


2F0971 I 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 88 STATEMENT 12

JSA

OJ5347 L676 11/07/2003 09 47 30 10265400903 89 STATEMENT 13


Date Date Gross Sales Cost or Other Short-term Description Acq uired Sold Price Basis GaiNLoss

4096 03 WAMU MTG 2002-AR7 A6 5 53% 7/25/32 06/06/2002 09/25/2002 4,096 4,137 -41

3088 69 WAMU MTG 2002-AR7 A6 5 53% 7/25/32 06/06/2002 10/25/2002 3 , 089 3 .119 -30

3458 42 WAMU MTG 2002-AR7 A6 5 .53% 7/25/32 06/06/2002 11/25/2002 3,458 3,493 . -35

2572 49 WAMU MTG 2002-AR7 A6 5 53% 7/25/32 06/06/2002 12/25/2002 2,572 2 , 598 -26 .

720 WATERS CORP 05/25/2001 04/02/2002 19,464 39 , 552 -20,088 740 WATERS CORP 05/25/2001 04/04/2002 19,958 . 38 , 907 -18,949

45000 WORLD OMNI AUTO RCV 3 79% 11/20/05 12/05/2001 03/13/2002 44,870 . 44,995 -125

45000 . WORLD OMNI AUTO RCV 3 79% 11/20/05 12/05/2001 03/20/2002 44,756 44,995 -239

TOTAL CAPITAL GAINS (LOSSES) HELD FOR INVE TMENT PURPOS ES 4,869,014 5,238,956 -369,942

Totals 4,869,0141 5,238,956 -369,942

JSA

tFOB7f 7 Op0

MCKENNA PHILIP M FDN 10265400903 25-6082635 Schedule D Detail of Long-term Capital Gams and Losses

JSA

2F0970 1000

OJ5347 L676 11/07/2003 09 47 30 10265400903 90 STATEMENT 14

MCKENNA PHILIP M FEIN 10265400903 25-6082635 Schedule D Detail of Long-term Capital Gains and Losses

JSF

2F0870 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 91 STATEMENT 15

MCKENNA PHILIP M FDN 10265400903 25-6082635 Schedule D Detail of Long-term Capital Gains and Losses

2F0970 1 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 92 STATEMENT 16

JSA


7FOB70 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 93 STATEMENT 17

JSA


2F0970 1 000

OJ5347 L676 11/07/2003 09'47'30 10265400903 94 STATEMENT 18

JSA


2F0870 1 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 95 STATEMENT 19

JSA


2F0870 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 96 STATEMENT 20

JsA

MCKENNA PHILIP M FDN 10265400903 25-6082635 Schedule D Detail of Long-term Capital Gams and Losses

2FOB70 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 97 STATEMENT 21

JSA


JSA

2F0970 I 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 98 STATEMENT 22


7F0970 f 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 99 STATEMENT 23

JsA


2F0970 1 000

- OJ5347 L676 11/07/2003 09 47 30 10265400903 100 STATEMENT 24

JSA


2FOB70 1 000

- OJ5347 L676 11/07/2003 09 47 .30 10265400903 101 STATEMENT 25

JsA


2F0870 1 000

OJ5347 L676 11/07/2003 09'47 30 10265400903 102 STATEMENT 26

JSA


2F0770 1 000

OJ5347 L676 11/07/2003 09 47 30 10265400903 103 STATEMENT 27

JSA

STATEMENT 28 xo57e 2 aoo

OJ5347 L676 11/07/2003 09 47 30 104 E 10265400903

MCKENNA PHILIP M FDN 10265400903 1

FEDERAL CAPITAL GAIN DIVIDENDS

LONG-TERM CAPITAL GAIN DIVIDENDS --------------------------------

20% MAX RATE CAPITAL GAIN DIVIDENDS

DREYFUS SMALL CAP STOCK INDEX DREYFUS MIDCAP INDEX

TOTAL 20% MAX RATE CAPITAL GAIN DIVIDENDS

QUALIFIED 5 YEAR CAPITAL GAIN DIVIDENDS

DREYFUS SMALL CAP STOCK INDEX DREYFUS MIDCAP INDEX

TOTAL QUALIFIED 5 YEAR CAPITAL GAIN DIVIDENDS

TOTAL LONG-TERM CAPITAL GAIN DIVIDENDS

25-6062636. .~

805 4,886 .

------------ 5 .691

215 2,679

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

------------8 .585

ASSET SUMMARY

MCREHIiA PHILIP M PDN

ACCOUNT 10365300903 A9 OF DECEMBER 31, 2002 PAGE 1

PERCENT UNREALIZED ESTIMATED INCOME MARKET OF FEDERAL GAIN/DDSS ANNUAL YIELD AT

ASSET rAm¢ rev VALUE ACCOUNT 1'A7[ C09T (FED TO MET) jNt`QHE Mxnxcm

CASH 1407 .96 0 .07 2407 .96 0 .00

CASH EQUIVALENTS 670,960 .78 5 .79 670,873 .35 138 .3 10,063 .59 1 .50

PIED INCOME 3,859,182 .42 37 57 3 .644,617 75 316,566 .67 330,133 .29 5 .70

EQUITIES 9,330,152 .67 66.66 10,867,341 .80 1,537,089 .13 - 167,336 .55 1 .58

OTHER ASSETS 132,968 10 0.95 87,873 .90 50,09 .20 15,158 .59 11 .00

-TOTAL ASSETS 13,995,671 .93 100 .00 t 15,367,963 .76 1,372,391 .83 - 393,663 02 3 .81 ---------------------------------------------------------------------------------- --------------------

'INCLUDES INCOME CASH BALANCE OP $477 .7

Checking Recount Cash 10,961 .37 10,96 .]7

TOTAL 1,006,616 .30 15,]78,908 .03

Y

J

ASSET DETAIL

MCI(£NNA PHILIP H FDN ACCOUNT 10265000903 AS OF D2C8MHE0. 31, ]00] PAGE T

UNREALIZED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/LASS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAX COST (FED TO MKT) INCOME MARKET

CASH 6 CASH EQUIVALENTS

CASH 2,<07 .96 2,407 .96

452,032 38 DF TEMPORARY ItNT FD 452,037 .38 457,032 .38 0 .00 7,053 53 1 .56 1 00

179,000 FED NAIL MTG ASSN 1/10/03 178,928 40 178,789 .97 138 43 1,323 06 1 .30 99 96

40,000 GENERAL EL2C CAP NT 1 .678 1/14/03 40,000 .00 40,000 .00 0 .00 668 .00 1 .67 100 .00

i

TOTAL CASH 6 CASE EQUIVALENTS 673,368 .74 673,230 .31 138 .47 10,044 .59 1 .50

FIXED INCOME a

U .S GOVERNMENTS

95,000 U 5 TREASURY NOTE 2 08 11/30/04 95,379 .80 49,936 .55 443 .25 900 00 1 .98 ioo .ea

95,000 U 5 TREASURY NOTES 5 .759 B/15/03 97,641 .95 98,724 .80 1,08] .BS- 5,061 50 5 .59 107 .78

40,000 UNITED STATES TREAS 5 .754 8/15/10 95,987 .60 91,244 .53 4,743 .07 2,300 .00 5 .00

119 .97

r I

HCKENNA PHILIP M FDN ACCOUNT 10265400903

PAR VALUE OR SHARES ASSET DESCRIPTION

i

30,000 UNITED STATES TREAS 5 754 11/15/OS

15,000 UNITED STATES TREAS N 3 250 5/31/04

60,000 UNITED STATES TREAS NT 5 08 B/15/I1

70,000 UNITED STATES TREAS NT 6 .08 8/15/09

95,000 US TREASURY NOTES 9 .3751 5/15/07

TOTAL U .S GOVERNMENTS

FEDERAL AGENCY

45,000 AHERICREDIT AUTO RECV 5 378 6/12/08

50,000 FED HOMO LOAN MTG CUR 0 758 10/11/1Z

90,000 FED HOME LOAN MTG COR 5 .758 9/]9/09

],416 .50 5 .00

2,375 .00 9 70

2,300 .00 5 .51

45,977 34 1,586 .76

99,641 .00 879 50

39,895 .]0 1,816 .00

47,564 .10 105 .70

50,515 .50 101 .03

41,711 .]0 104 .28

r

ASSET DETAIL

AS OF DECEMBER 31, 2002

MARKET VALUE MARKET PRICE

33,159 .30 110 .53

15x398 40 102 .66

65,793 .60 109 .66

81,396 .70 116 .28

102,006 25 107 .37

986,763 .60

UNREALISED FEDERAL GAIN/LASS

TAX COST (FED TO MKT)

3],92] .66 236 .64

15,021 .09 377 .31

59,864 .84 5,9]8 .76

68,897 .65 12,499 .05

93,968 .36 8,037 .89

455,580 .48 31,183 12

PAGE 3

ESTIMATED INCOME ANNUAL YIELD AT INCOME MARKET

1,725 .00 5 .20

487 .50 3 .17

3,000 .00 4 .56

4,]00 00 5 .16

4,156 25 4 .07

21,731 25 4 .57

ASSET DETAIL

AS OF DECEMBER 31, ]007


<5,580 .95 301.29

50,312 .90 125.78

125,178 .00 104 .31

106,050 .00 101 .00

40,250 .00 100 .62

200,567 .00 300 .28

44,619 .54 105 .11

39,866 .02 104 .21

50,148 .37 103.53

34,004 .26 103 94

MCRENNA PHILIP M FDN ACCOUNT 10265400907


45,000 FED HOME IRAN X1G CORD 5 0% 5/09/07

90,000 FED NAIL M1G ASSN 7 .758 5/15/JO

120,000 FEDERAL HOME LN MTC 6 .751 11/15/23

105,000 FEDERAL HOME LN MTG 3 8759 6/27/05

40,000 FEDERAL HONE LOAN BANK ] .58 12/15/05

200,000 FEDERAL NATL N1'G AS 4 .3758 9/15/12

42,451 94 FGLMC POOL OC01367 7 .00 5/01/32

38,255 1 FGLMC POOL iC67098 6 .58 5/01/3]

98,438 96 FGLMC POOL IG40399 5 .58 9/01/06

32,715 59 FHLMC ARM PL 788329 5 .7534 7/01/31

PAGE 4

ESTIMATED INCOME ANNUAL YIELD AS INCOME MARKET

7,]50 .00 4 .99

2,900 .00 5 76

8,100 .00 6 .47

4,068 .75 3 .84

1,000 00 2 .48

8,750 .00 4 36

],971 .64 6 66

],486 .58 6 .24

2,664 .14 5 .31

1,e91 13 5 .53

UNREALIZED FEDERAL GAINILOSS

TAX COST (FED TO MAT)

44,910 00 670 .95

39,483 .20 10,829 .20

131,546 .88 3,631 12

104,926 50 1,123 .50

39,896 .80 353 .]0

199,154 .00 1,408 .00

43,360 .68 1,458 86

38,455 .10 1,610 .92

47,953 .33 2,195 .04

33,106 .30 797 .92

A

r

ASSET DETAIL

MC%ENt7A PHILIP M FDN ACCOUNT 10265400903 AS OF DECEMBER 31, ]003 PAGE 5

UNREALIZED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/LASS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAX COST (FED TO MET) INCOME MARKET

10,000 FHLMC MULTI CTFS 2503 6 .0B 4/15/31 21,066 .80 20,340 .63 776 .17 1,200 .00 5 .70 105 73

45,000 FpLHC MUTI.ICLA55 2910 5 .51 1/15/18 46,210 .90 46,793 .75 73 .35- ],475 .00 5 .35 101 71

67,513 .01 FHLMC POOL E90247 6 0i 6/01/17 70,644 26 70,150 .10 094 .0] 4,050 .78 5 .73 104 .64

25,000 FHLMC REMIC 2480 PD 6 .00 11/15/31 26,160 .00 35,468 75 691 .25 1,500 .00 5 .73 104 .64

7,613 .95 FN14A POOL 1190836 7 0006 06/01/09 8r118 .83 7,753 .8] 365 .01 532 .90 6 .56 106 .64

6,970 77 FNMA POOL 1323156 8 0008 07/01/13 7,926 .74 7,166 .86 ]59 88 554 .46 7 .47 107 16

36,509 65 FNMA POOL 1 614085 6 .5B 1/01/72 38,031 .74 36,187 .16 1,704 .58 ],373 .13 6 .24 104 .17

76,621 73 FNMA POOL # 650077 7 .59 7/01/37 38,880 .93 38,899 14 18 .12- 1,746 .63 7 .06

106 17

100,731 .63 FNMA POOL 1253255 6 .59 2/01/]9 105,051 .00 94,939 .55 10,111 .45 6,547 .56 6 .23

101 .29

51,579 .93 FNMA POOL 1259236 6 58 3/01/17 54,430 .75 52,794 .87 1,635 .88 3,352 .70 6 .16 105 .53

h

ASSET DETAIL

MCRENNA PHILIP M FDN ACCOUNT 10265900907 AS OF DECEMBER 31, 2002 PACE 6

UNREALIZED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/IQSS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAX COST (FED TO MI(T) INCOME MARKET

127,117 31 FNMA POOL 1323924 6 0B 8/01/29 131,793 .96 116,354 81 15,939 .15 7,627 .0< 5 .79 103 .68

52,796 .54 FNMA POOL 1535817 7 .08 4/01/31 SS,S48 .83 53,299 75 2,249 .07 3,695 .76 6 .65 105 .]1

38,685 28 FNMA POOL 1636899 6 .58 5/01/32 40,297 .68 38,721 .56 1,576 12 2,514 .54 6 .24 104 .17

58,970 49 FNMA 30YR POOL " 581806 7 09 7/01/31 62,027 .54 59,726 .06 2r301 .46 4,127 .93 6 .65 105 .18

87,393 59 GNNA II POOL / 3068 6 .5B 4/20/31 91,135 18 66,470 .15 4,665 .03 5,677 33 6 23 104 .34

107,124 .37 GNMA NBR 460833 6 St 5/15/28 108,403 .31 97,435 .45 10,967 .86 6,703 .00 6 .18 105 .1]

12,567 83 GNMA POOL i 780526 8 .06 9/15/OB 13,419 .30 13,573 .24 153 .94- 1,005 .43 7 .49 106 77

14,697 14 GNMA POOL 1304964 7 .00E 07/15/23 15,691 .70 14,922 .18 769 .52 1,028 .80 6 .56

306 .77

20,740 GNMA POOL 1780033 6 6 .51 7/15/20 21,939 .81 30,357 .62 1,583 .19 1,348 .10 6 .19 305 .78

11,986 56 GN14A POOL 1780517% 7 5008 3/15/27 12,631 37 13,791 .13 940 .24 898 .99 7 .01 107 OS

A


PAR VALUE OR SNARES ASSET DESCRIPTION

]5,000 GS MTG SECS CORD 98 6 .5624 4/13/31

50,000 UNITED STATES 1REAS 5.3758 2/15/31

95,000 NAMU MTC PASS-THROUG 5 5988 9/]5/33

42,977 9 WAMU MTC PASS-SARU 9 6958 6/25/33

26,003 77 WAMU MTG 1002-AR4 5.596188 4/]5/32

27,932,97 WAMU MTG 2002-AR7 A6 5 538 7/25/32

TOTAL FEDERAL AGENCY

ASSET SACRED SECURITIES i

35,527 57 ASSET SECURITI2AT 7 100059 8/13/29

TOTAL ASSET BACKED SECURITIES

39,063 82 34,801 .01 4,]67 .81 2,572 .12 6 .46 109 97

39,063 .82 34,801 .01 4,262 .81 2,522 .12 6 .46

ASSET DETAIL

AS OF DECEMBER 31, 2002 PAGE 7

UNREALIZED ESTIMATED INCOME MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT MARKET PRICE TAX COST (FED TO KKT) INCOME MARKET

27,746 .75 25,250 .00 3,496 .75 1,640 .50 5 .91 110 .99

59,515 50 53,039 .89 1,475 .66 2,687 .50 4 .93 109 .03

46,137 .60 46,086 .33 51 .]7 2,519 .10 5 .46 102 .53

93,512 .43 42,977 .90 544.53 2,017 81 4 64 101 .27

26,250 .29 26,7]3 .95 473 .66- 1,499 .38 5 .5] 100 .95

]8,399 45 28,]10 .90 108 55 1,544 69 5 .44 101 .67

2,072,054 .45 1,983,841 .01 88,717 44 115,983 .92 5 .60

PAGE B


UNREALIZED MARKET VALUE FEDERAL GAIN/LOSS MARKET PRICE TN[ COST (FED TO MAT)

CORPORATE

110,000 ASSOCIATES CORD 6 .258 11/O1/OB 121,259 .60 109,409 .30 11,850 .30 6,875 .00 5 .67 110 24

125,000 HANI(AMERICA CORD 5 .8759 2/15/09 137,167 75 113,303 .15 23,860 .60 7,343 .75 5 .35 109 .73

70,000 CLEAR CHANNEL COMMUNI 7 .65\ 9/15/10 33,985 .50 39,575 .80 4,409.70 2,295 00 6 75 113 .28

35,000 COUNTRYWIDE HOME LOANS 5 .58 8/01/06 37,215 .50 35,541 .80 1,673 70 1,925 .00 5 .17 106.33

90,000 DOMINION RESOURCES 7 .6]59 7/15/05 98,731 .80 98,058 .15 673 .65 6,862 .50 6 .95 109 70

90,000 FLEET FINL GROUP INC 6 3750 5/15/08 98,382 60 81,958 .50 16,924 .10 5,737 50 5 B3 109 .31

90,000 FORD H1R CR CO 7.3758 10/28/09 89,177 .40 87,982 .]0 1,195 .]0 6,637 .50 7 .44 99 .09

90,000 GILLETTE CO 6.2506 8/15/03 92,996 .20 87,078 60 5,367 .60 5,615 00 6.08 10] .72

40,000 HELLER FINL INC 6.3759 3/15/06 44,344 .00 42,625 90 1,718 .10 7,550 .00 5 75 110 .86

f

MCKENNA PHILIP M FDN ACCOUNT 10265900903

PAR VALUE OR SNARES ASSET DESCRIPTION

ASSET DETAIL

AS OF UECEltBER 31, 2002

ASSET DETAIL


UNREALIZED ESTIMATED INCOME MARKET VALUE FEDERAL GAIN/IA55 ANNUAL YIELD AT MARKET PRICE TAX COST (FED TO KKT) INCOME MARKET

108,007 .00 103,679 .00 4,373 .00 8,000 .00 7 .41 108 .00

21,431 .60 21,121 .60 300 .00 1,986 .00 6 94 107 .11

28,350 .00 ~ 35,243 .60 6,893 .60- 3,625 .00 9 26 B1 00

99,229 .60 91,601 00 6,618.60 5,625.00 5 .67 110 .24

85,529 70 82,289 .70 3,290 .00 6,255 .00 7 31 95 .03

107,721 .60 91,660 .85 8,060 .75 5,818 .75 5 .66 108 .13

47,118 .80 40x179 .]0 6,989.60 2,750.00 5 .84 117 80

16,230 .90 15,135 .90 1,095 .00 975 .00 6 .01 108 .]1

1,161,300 .55 1,170,394 .25 90,906 .30 79,386 .00 6 .49

3,859,182 42 3,644,617 .75 214,564 .67 720,123 .29 5 .70

HCKeNNA PHILIP M FDN ACCOUNT 10265400903


100,000 HOUSEHOLD FIN 8 09 5/09/05

30,000 NEWS AVER NLDGS INC 7 .430% 10/01/26

35,000 QWESS COMMUNICATIONS 7 .59 11/O1/OB

90,000 SBC COMMUNICATION INC 6 .256 3/15/11

90,000 TIME WARNER INC 6 .9501 1/15/28

95,000 V2RIZON MARYLAND INC 6 .1256 3/01/1]

40,000 WAL-MART STORES 6 .8756 8/10/09

15,000 WASTE MGMT INC D2L 6 .58 11/15/08

TOTAL CORPORATE

TOTAL FIXED INCOME

MCR2NNA PHILIP M FUN ACCOUNT 10265400903


EQUITIES r

FINANCIAL SERVICES

PAGE 10

ESTIXAT¢D INCOME ANNUAL YIELD AT INCOME MARKET

UNREALIZED MARKET VALUE FEDERAL GAIN/Loss MARKET PRICE TAX COST (FED TO MKT)

2,497 AMERICAN INTERNATIONAL GROUP 194,451 .45 184,031 .33 39,579 .88- 469 .04 0 .33 57 .85

3,310 BANK OF AMERICA CORD 330,972 .40 166,158 .70 64,813 .70 8,499 .20 3 .68 69 .57

2,278 CHARTER ONE FINL INC 65,446 .94 62r623 95 2,822 99 2,004 64 3 06 28 .73

4,960 CITIGROUP INC 174,54] .40 151,545 .16 19,997 .34 ],571 .30 2 .05 35 .19

2,060 FEDERAL t7A17. MTG ASSN 131,519 80 139,618 .60 7,098 .80- 2,719 .70 2 .05 64 33

1,450 FIFTH THIRD BANCORP 84,897 .50 89,519 .40 4,621 .90- 1,508 .00 1 .78 SB 55

4,120 FLEETB051qN FINL CORD 100,116 .00 90,336 .36 9,779 .64 5,768 .00 5 .76 24 .30

860 GOLDXAC7 SAC HS GROUP INC 58,566 .00 95,307 .15 36,781 .15- 412 .80 0 .70 68 .10

ASSET DETAIL


MCKENNA PHILIP M FUN ACCOUNT 10265400903


1,890 HARTFORD FINL SVCS GROUP INC

9,350 J P NOAGAN CHASE 6 CO

2,575 M 0 N A CORD

2,980 PRINCIPAL FINL GROUP INC

3,540 SOUTNTRUST CORD

3,663 TRAVELERS PPTY CAS CORD NEW CL A

3,330 WELLS FARGO 6 CO NEW

TOTAL FINANCIAL SERVICES

HEALTH CARE f

980 AMERISOURCBHERGEN CORD 53,223 .80 58,991 .33 5,767 .53- 98 .00 0 .18 54 .31

ASSET DETAIL


UNREALIZED ESTIMATED INCOME MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT MARKET PRICE TAX COST (FED TO MAT) INCOME MARKET

85,862 .70 130,863 .88 25,001 18- 2r0<1 .20 2 .38 45 .43

104,000 .00 95,450 .75 8,949 .25 5,916 00 5 67 24 .00

48,976 .50 47,418 .13 1,558 37 721 00 1 47 19 .02

99,787 .90 76,191 .78 13,595 .62 745.00 0.83 30 .13

87,969 .00 89,756 .70 1,787 70- 2,407 .70 7 .79 24 .85

53,662 .95 53,808 .51 145 .56- 0 .00 0 .00 14 .65

151,390 10 160,576 .30 9,186 .20- 3,617 .60 2 .39 46 87

1,613,561 .14 1,616,246 .70 2,685 .56- 40,400 .08 2 .50

ASSET DETAIL

AS OF DECEMBER 31, 700] MCKEHGA PHILIP M FDN ACCOUNT 30265900903

UNREALISED FEDERAL GAINMOSS

TAX COST (FED TO M%T)

127,067 .41 30,084 .61-

227,357 .81 13,592 01-

64,586 .68 33,128 .98-

76,961 .09 4,571 .09-

107,036 .39 25,203 .61

194,901 .67 34,281 .67

78,531 .62 5,904 .38

49,691 .60 11,568 60-

86,639 .17 8,149 .17-

105,230 .77 31,178 .27-

2,920 AHGBN INC 116,98] .80 08 .34

3,980 JOHNSON 6 JOHNSON 213,765 .80 53 .71

1,830 KING PHARMACEUTICALS INC 31,457 70 17 .19

1,140 LILLY ELI 6 CO 72,390 .00 63 .50

2,900 MEDTRONIC INC 132,]40 .00 45 .60

7,497 PFIZER INC 229,187 .29 30 .57

2,020 PHARMACIA CORP 84,436 .00 41 .80

670 QUEST DIAGNOSTICS INC 78,1]3 .00 56 .9

940 UNITEDHEALTH GROUP INC 78,990 .00 83 .50

1,980 WYETH 74r057 .00 37 .40

TOTAL HEALTH CARE 1,124,344 .39

0 .00 0 00

3,26] 60 1 .53

0 .00 0 .00

1,527 .60 2 .11

735 .00 0 .55

4,498 .20 1 .96

1,090 .80 1 .29

0 .00 0 .00

78 .20 0 .04

1,871 .60 Z 46

1,176,994 .99 52,650 .60- 13,053 .00 1 .16

i

PAR VALUE MARKET VALUE OR SNARES ASSET DESCRIPTION MARKET PRICE

PAGE 12


ASSET DETAIL

MCKENNA PHILIP M FDN ACCOUNT 10265400907 AS OF DECEMBER 31, 2002 PAGE 13

UNREALISED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAX COST (FED TO MAT) INCOME MARKET

CONSUMER NON-DURABLES

2,080 ANHEUSER BUSCH COS INC 100,672 00 105,662 .13 4,990 .13- 1,622 .00 1 .61 98 .40

1,990 KRAFT FOODS INC CL A 58,005 .70 51,679 99 6,325 .71 894 .00 1 59 38 .93

2,170 PEPSI BOTTLING GROUP INC 55,769 .00 64,581 .09 8,81] .49- 86 .80 0 .16 25 .70

],920 PEPSICO INC 1]3,]82 .40 109,372 .08 13,960 .32 1,751 .00 1 .42 ax z :

3,200 PHILIP MORRIS COMPANIES INC 129,696 .00 152,533 .11 22,837 .11- 8,192 00 6 32 40 57

1,960 PROCTER 6 GAMBLE CO 168,442 .40 161,371 .14 7,071 .26 3,214 .40 1 .91 85 .90

2,540 SARA LEE CORD 57,175 90 58,593 .48 1,418 .08- 1,570 .80 2 .75 22 .51

TOTAL CONSUMER NON-DURABI.ES 693,042 90 703,743 .02 10r700 .52- 17,336 .40 2 .50

a

PAGE 19


UNREALISED MARKET VALUE FEDERAL GAINAIOSS MARKET PRICE TAX COST FED TO MRT)

CONSUMER SERVICES

3,410 DISNEY WALT CO 55,617 .10 72,160 .53 16,543 43- 716 .10 1 .29 16 .31

1,290 FOX 2NTMT GROUP INC CL A 33,449 .70 33,282 .77 166 .93 0 .00 0 .00 25 .93

1,180 KOHLS CORP 66,021 .00 78,090 .71 12,069 .71- 0 .00 0.00 55 .95

2,180 LOWE'S COMPANIES INC 81,750 .00 55,075 .40 16,670 .60 318 .00 0 .27 37 .50

1,260 MCCRAW HILL COMPANIES INC 76,15< .40 80,045 .62 3,891 .2?- 1,285 .]0 1 .69 60 44

1,270 SEARS ROEBUCK 6 CO 29,219 00 53,395 .50 29,176 .50- 1,122 .40 3 .84 13 .95

3,090 T J % COMPANIES INC 60,316 80 53,302 .94 7,013 86 370.80 0 .61 19 52

1,990 TARGET CORD 59,700 .00 72,584 .91 12,884 .91- 477 .60 0.80 30 .00

1,250 TRIBUNE CO 56,875 .00 60,274 .11 3,449 .11- 550.00 0 97 45 .46

F

MCRENNA PHILIP M FUN ACCOUNT 10265900903


ASSET DETAIL


ASSET DETAIL

XCRENNA PHILIP M FUN ACCOUNT 10265400907 AS OF DECEMBER 31, 2002 PAGE 15

UNREALIZED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAX COST (FED TO MAT) INCOME MARKET

3,010 VIACOM INC CL B 12],687 .60 148,378 .06 25,690 .46- 0 00 0 .00 40.76

5,190 WAL HART STORES INC 259,621 .40 236,647 .87 72,973 .53 1,542 .00 0 .59 50 51

1,550 W2NDY'S INTERNATIONAL INC 41,958 .50 53,880 .63 10,922 13- 372 00 0 .89 27 07

TOTAL CONSUMER SERVICES 993,320 .50 996,119 05 52r790 .55- 6,654 .10 0 .71

CONSUMER DURABLES

1,280 FORTUNE BRANDS INC 59,532 .80 69,071 .01 9,538 21- 1,382 .40 2 .37 46 .51

1,290 LEAK CORP 42,931 .]0 59,314 .98 16,383 .78- 0 .00 0 00 33 .]8

a

TOTAL CONSUMER DURABLES 102,460 .00 178,385 .99 25,921 .99- 1,387 .40 1 35

ENERGY a

1,300 CONOCOPNILLIPS 62,907 .00 66,8<7 75 3,940 75- 2,080 .00 3 .31 48 .39

2,110 ENSCO INTERNATIONAL INC 62,139 .50 69,87] .19 7,73] .69- 211 .00 0 .34

29 .45

ASSET DETAIL



96,091 .00 52 .77

72,057 50 35 .15

793,145 .40

MCKENNA PHILIP M FDN ACCOUNT 30265<00903


1,820 E%ELON CORD

2,050 NOBLE CORPORATION

TOTAL ENERGY

TRANSPORTATION

1,890 C 5 X CORD

TOTAL TRANSPORTATION

BASIC INDUSTRIES

1,700 AIR PRODS b CdENS INC

1,860 INTERNATIONAL PAPER CO

3,410 HASCO CORD

1,500 ROOM d HAAS CO

TOTAL BASIC INDUSTRIES

PAGE 16

ESTIMATED INCOME ANNUAL YIELD AT INCON2 M7WRET

3,203 .20 3 .34

0 .00 0 .00

5,494 .10 1 .67

UNREALIZED FEDERAL GAIN/IA55

TAX COST (FED TO MRT)

79,291 .39 16,750 .06

88,683 .00 16,625 .50-

300,694 23 11,548 .83-

53,505 .90 73,167 .38 19,661 .98- 756 .00 1 .41 28 31

53,505 .90 73,167 .38 19,661 .48- 756 00 1 41

77,675 .00 77,089 .40 4,410 .40- 1,928 .00 1 .96 42 .75

65,094 .20 72,614 .97 7,570 .77- 1,860 .00 2 .86 34 .97

50,730 .50 58,409 .73 7,719 .23- 1,309 .60 2 .66 ]1 .05

48,720 .00 59,133 .51 10,413 .51- 1,360 .00 2 59 32 .48

237,169 .70 267,787 .61 30,117 .91- 5,897 .60 2 99

i .

ASSET DETAIL

XCKENNA PHILIP M FDN ACCOUNT 10265400903 AS OF DECEMBER 31, 2002

PAR VALUE MARKET VALUE OR SHARES ASSET DESCRIPTION MARKET PRICE

METALS/MINING a

3,220 AI.COA INC 50,571 .60 22 .78

1,890 FREBPORT-MCX COPR GOLD CL B 31,714 .20 16 .78

i

TOTAL METALS/MINING 82,285 .80

CAPITAL GOODS a

0,620 CISCO SYS INC 112,922 .00 13 .10

870 DANAHER CORD 57,159 00 65 .70

1r<10 DEERE 6 CO 64,698 .50 95 .85

5,190 DELL COMPUTER CORD 137,443 .60 26 .74

1,620 FIRST DATA CORD 93,774 .20 35 .41

UNREALIZED FEDERAL GAIN/LOSS

TAX COST (FED PD MI(T)

66,946 .68

38,097 .30

105,043 .98

16,375 .08-

6,383 .10-

7i,75B .18-

]36,096 .54 113,174 .54-

56,721 .26 437 .74

65,207 .99 559 .49-

438,359 .33 100r915 .73-

83,055 .58 9,718 .62

0 .00 0 .00

87 .00 0 .15

1,240 .80 1 .97

0 .00 0 .00

209 .60 0 .]3

PAGE 17


1,332 .00 2 63

0 .00 0 .00

1,332 .00 1 .62

ASSET DETAIL

MCRENNA PHILIP M FUN ACCOUNT 10765400903 AS OF DECEMBER 31, 2002 PAGE 1B

UNREALIZED ESTIMATED INCOME PAR VALUE MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT OR SHARES ASSET DESCRIPTION MARKET PRICE TAIL COST (FED TO MKT) INCOME MARKET

7,300 GENERAL EL2C CO 177,755 .00 255,098 .16 77,393 .16- 5,548 00 3 .12

24 35

8,960 INTEL CORD 131,722 .10 259,272 .06 127,549 86- 676 80 0 .51 15 57

1,690 INTERNATIONAL BUSINESS MACHINES CORD 127,100 .00 184,650 .5E 57,550 .59- 984 .00 0 .77 77 .50

1,260 INTUIT 59,119 .20 56,711 .09 2,408 .11 0 .00 0 .00

46 .92

900 LEXNMR INTL GROUP INC CL A 54,450 .00 43,610 .35 10,839 .65 0 .00 0 .00

60 .50

1,330 LOCKHEED MARTIN CORD 76,807 .50 49,967 .50 36,840 00 585 .70 0 .76

57 75

1,650 XA%IN INTEGRATED PRODS INC 54,516 .00 46,248 .75 8,367 .25 132 .00 0 .24

33 04

5,800 MICROSOFT CORD 299,860 .00 069,365 .61 169,505 61- 0 .00 0 00

51 .70

620 NORTHROP GRUMMAN CORP 60,140 00 72,847 46 12,707 .06- 992 .00 1 .65

97 00

1,020 OMNICOM GROUP INC 65,892 00 72,361 17 6,969 .17- 816 .00 1 .2<

64 .60


PM VALUE OR SHARES ASSET DESCRIPTION

4,890 TEXAS INSTRUMENTS INC

1,130 UNITED TECHNOLOGIES CORD

910 3M CO

TOTAL CAPITAL GOODS

UTILITIES r

3,080 AT S T CORD

1,380 DOMINION RES INC VA NEW

],710 DUKE ENERGY CORD

5,130 5 B C COMMUNICATIONS INC

TOTAL UTILITIES

80,418 .80 81,626 .16 1,207 .36- 2,710 .00 ] .87 26 11

75,762 00 86,540.87 10,778 .87- 3,560 40 4 .70 54 .90

52,953 .40 97,153 .15 44,199 .75- 7,981 .00 5 63 19 .54

139,074 .30 246,811 .47 107,737 .17- 5,500 .40 3 .98 27 .11

348,208 50 512,131 .65 163,923 .15- 14,391 .80 4 .13

ASSET DETAIL

AS OF DECEMBER 31, ]002 PAGE 19

UNREALISED ESTIMATED INCOME MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT MARKET PRICE TAX COST (FED TO MI(T) INCOME MARKET

73,398 .90 84,759 .01 11,360 .11- 415 .65 0 .57 15 .01

76,186 .20 80,952 .35 4,766 .15- 1,205 .40 1 .58 61 .94

113,203 .00 88,495 .22 23,707 .78 2,256.80 2 01 123 .30

1,834,097 30 2,433,780 .01 599,682 .71- 15,149 .25 0 .83

MCRENNA PHILIP N FAN ACCOUNT 10265400903


t

INTERNATIONAL

1,590 HP PLC

6,090 EXXON MOBIL CORD

3,040 NORIA CORD SPON ADR

1,900 T2LEFON05 D2 MEXICO SA ADR

TOTAL INTERNATIONAL

MUTUAL FUNDS

23,788 529 DREYFUS MIDCAP INDEX

35,779 .704 DREYFUS SMALL CAP STOCK INDEX

75,607 .857 MELLON INTERNATIONAL FUND M SHARES

TOTAL MUTUAL FUNDS

r

TOTAL EQUITIES

415,585 .60 513,373 .44 97,787 84- 2,759 47 0 66 17 .97

446,530 .71 503,165 .01 56,634 .70- 1,574 .31 0 .35 12 .98

757,590 .73 1,000,906 .30 443,315 .61- 10,585 .10 1 .40 10 .0]

1,639,707 .04 2,017,94< .79 397,737 .75- 14,918 .88 0.92

9,330,152 .67 10,867,201 .80 1,537,089 .17- 147,336 .55 1 .58

ASSET DETAIL


UNREALIZED ESTIMATED INCOME MARKET VALUE FEDERAL GAIN/LOSS ANNUAL YIELD AT MARKET PRICE TAX COST (FED TO KKT) INCOME MARKET

64,637 50 76,933 .98 11,780 48- 1,101 90 3 .47 40 .65

212,784 .60 251,549 .27 38,764 .67- 5,60] .80 2 .63 34 .90

47,120 .00 138,983 .33 91,863 .33- 611 .04 1 .30 15.50

60,762 .00 64,755 .4] 3,993 .92- 2,11< .70 3 .98 31 .98

385,300 10 532,702 .00 146,901 .90- 10r570 .44 2 .74

PACE 21


UNREALISED MARKET VALUE FEDERAL GAIN/LOSS MARKET PRICE TAX COST (FED TO MI(T)


35,918 20 18,772 .74 17,145 .46 5,229 .35 14 .56 0 .36

29,239 .50 7,684 .30 21,555 .16 5,049 .66 17 .]7 0 .79

67,810 40 56,415 .82 11,399 58 9,879 .58 7 .20 0 .68

0 00 1 .00 1 00- 0 .00 0 .00 0 .00

132,968 .10 87,873 .90 50,094 .]0 15,158 .59 11 .40

13,995,671 .93 15,267,963 .76 1,772,291 .83- 392,663 02 2 81

Y

TOTAL OTHER ASSETS

'TOTAL ASSETS

-INCLUDES INCOME CASH BALANCE OF $385 86

XCRENHA PHILIP M FDN ACCOUNT 10265400903

a

OTHER ASSETS

100,000 N T I BELDEI7 6 BLARE 1990-2 PF

100,000 N T I B2LDEN 6 BLARE 1992-Z PF

100,000 N T I BELDEN 6 BLAKE 1994-2 PF

] 019-601 MC%ENNA PHILIP N FDN-

ASSET DETAIL

AS OF DECEMBER 31, ]00]

Form -,

Page 2

a If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box 0.0 Note . Only complete Part 11 d you have already been granted an automatic 3-month extension on a previously filed Form 8868. 9 If you are filing (or an Automatic 3-Month Extension, complete only Part I (on page 1) ra1111 11 nuuRwua1 1wa au%v111au~r-31FivIMI ~ac.IaIv .l v1 9 .111c-nIuaa I uc v1111

Type or Name of Exempt Organization

print MCKENNA PHILIP M FOUNDATION FIie by she Number, street, and roan or suite no If a PO box, see instructions extended duedate ror C/O MELLON BANK filing the City, town or post office, state, and ZIP code For a foreign address, see instructions return See instructions PITTSBURGH PA 15230-0001 Check type of return to be fled (File a separate application for each return) I] Form 990 0 Form 990-EZ E] Form 99aT (sec 401(a) or 408(a) trust) ~ Form 1041-A 71 Form 990.8L N Form 990-PF n Form 990-T (trust other than above) [~ Form 4720

Form 5227 0 Form 8870 Form 6069

STOP: Do not complete Part II if you were not a:ready granted an'automatic 3-month extension on a previously filed Forth 8868.

.Q 9 If the organization does not have an office or place of business in the United States, check this box

Signature 10, TiCe " ~ ~ l-le Date " -71XO 10-3 Notice to A plica t-To Be Completed by the IRS

0/We have approved the application Please attach the forth the organizations return 0 We have not approved this application However, we have granted a 10-day grace penod from we later of the date shorn below d the due date d the

organization's return (including any prior extensions) This grace period is considered to be a valid extension of time la elections otherwise requited to be made on a timely return Please attach this form to the organization's return Q,' ~,Dpp(~~~F We have not approved this application After considering the reasons stated m darn 7, we cannel grant your r~{MChibTo file We are not granting a 10-day grace period we cannot consider this application because R was filed after flee due date of the return for which an e#ensan wa,~ (~puefte

u A' LOO';

HVU 1 Other

LINDA WEISKOPF, FIELD DIRECTOR

SUBMISSION PROCESSING, OGDEn

Director Date

Alternate Mailing Address- Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above

Name

Typo or Number and street (include suite, room, or apt no ) Or a PO box number print

City or town, province or state, and country (Including postal or ZIP code)

Form 8868 (72-2000) STF FE09056F 2

Employer identification number 25-6082635 For IRS use only

9 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 jj~ F] If it is for part of the group, check this box Ili, E] and attach a list with the names and EINs of all members the extension is for

4 I request an additional 3-month extension of time until NOVEMBER 17 , Zp k3-- 5 For calendar year 2 0 0 2 , or other tax year beginning , 20 - and ending , 2Q-6 If this tax year is for less than 12 months, check reason ~ Initial return 0 Final return [] Change in accounting penod 7 State in detail why you need the extension AN EXTENSION OF TIME IS REQUESTED

TO ALLOW FOR RECEIPT OF ADDITIONAL TAX INFORMATION NEEDED TO FILE A COMPLETE AND ACCURATE TAX RETURN

8a If this application is for Form 990-BL 990.PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See instructions $ 5,000

b If this application is for Form 990-PF, 990.T, 4720, or 6069, enter any refundable credits and estimated tax payments made Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 E 14,884

c Balance Due. Subtract line 8b from line 8a Include your payment with this form, or, if required, deposit with FTD coupon w, if required, by using EFTPS (Electronic Federal Tax Payment System) See instructions E 0 .00

Signature and Verification Under penalties of penury I declare that I leave examined this form including accompanying schedules and statements, and to the bes(of my knowledge and belief it is true, wrrect, and complete and That I am authorized to prepare this form

Documents

d F~;990-PF Return of Private Foundation 2002conservativetransparency.org/app/uploads/Philip-M.-McKenna-Found… · 7 Capital gain net income (from Pert IV, line 2) , 8 Net short-term