Form 990-PF Return of Private Foundation ts. 1 2007990s.foundationcenter.org/990pf_pdf_archive/237/...Form990-PF (2007) B. P. LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 3 F' IV

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

Department of the Treasury Treated as a Private FoundationInternal Revenue Service (77) Note : The foundation may be able to use a copy of this return to satisfy state reporti

OMB No 1545-0052

ts. 1 2007For calendar Year 2007, or tax Year beginning , and endinq

G Check all that a pp ly LJ Initial ret m L-I Final return L-J Amended return L-I Address chang e L-J Name chang e

Use the IRS Name of foundation A Employer Identification number

label.Otherwise , B. P., LESTER & REGINA JOHN FOUNDATION 23-7110263

print Number and street (or P O box number if mail Is not delivered to street address) Roornrsulte B Telephone numberor type . 1000 SW VISTA , SUITE 116 ( 503 ) 223-4590

See SpecificInstructions

City or town, state, and ZIP code • C If exemption application is pending, check here. ►0.ORTLAND OR 9 7 2 0 5 D 1• Foreign organizations , check here ►0

mrate foundationH Check type of org anization X Section 501 (c )( 3 ) exempt private 2. Foreignhere andorganizations

attachmeeting thecomputation . .

85%.test,

..►LI

c

Q Section 4947 ( a )( 1 ) nonexempt charitable trust 0 Other taxable p rivate foundation inE If f d ti t t dt t tI Fair market value of all assets at end of year J Accounting method* OX Cash 0 Accrual

priva oun on s a us was erm a ee aunder section 507(b)(1)(A), check here

(from Part ll, col. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination► $ 22 , 294 , 372 • (Part 1, column (J must be on cash basis.) under section 507 ( b )( 1 B), check here ►pairt 1 Analysis of Revenue and Expenses ( a) Revenue and (b ) Net investment ( c) Adjusted net ( d) Disbursements

(rhe total of amounts in columns (b), (c), and (d) may notnecessarily equal the amounts in column (a) ) expenses per books income income for charitable purposes

(cash basis only)

1 Contributions , gifts, grants , etc., received .. I

2 Check ►Q H the foundation Is not required to attach Sch B

Interest on savings and temporary3 cash investments •4 , 871 4 871.

A ZDWNT 1+ L+J

4 Dividends and interest from securities .. 558, 328. 558,328. STATEMENT 25a Gross rents .... _.._ . 8 7 , 7 2 6 • 87, 726. 'A IFWT 3b Not rented Income or Coss) 69 , 329. T. x' ,'EMEW 4

6a Net gain or Coss) from sale of assets not on line 10 1, 183,626.7-

OR b Gross sales price for all7 7 2 1 3 0 0.assets on line 6a IF /

.

m 7 Capital gain net income (from Part IV , line 2) 1 1 183,626.®cc 8 Net short-term capital gain . ... . , ,. , _ ,

9 Income modifications ..... ..Gross sales less returns

10a and allowances . .

b Less Cost of goods sold

c Gross profit or (loss) . ..

0 11 Other income 207. 207. TAT rNENT 5

12 Total . Add lines 1throuthr 1 , 834 , 758. 1 834 758•13 Compensation of officers, directors , trustees , etc 21, 200. 10, 600. 10,600 .

14 Other employee salaries and wages

15 Pension plans , employee benefitsy

16a Legal fees . . .

CL b Accounting fees STMT . 6 3,515. 1,758. 1,757.W c Other professional fees

> 17 Interest 384. 384. 0.2 18 Taxes STMT 7. 38,635. 13 , 678. 1,250..inE 19 Depreciation and depletion _ 10, 961. 10 , 834.T 20 Occupancy 4, 800. 2,400. 2,400.a 21 Travel , conferences , and meetings 252. 12 6 . 12 6 .

22 Pnnting and publications _

23 Other expenses STMT. 8 13,287. 12,664. 623.24 Total operating and administrative

a. expenses . Add lines 13 through 23 93 , 034. 52 , 444. 16 756 .0 25 Contributions, gifts, grants paid 1, 016 , 9 5 0 . 1, 016 , 950 .

25 Total expenses and disbursements.

Add-lines 24and25_-,, 1 , 109 , 984. 52 , 444. 1 033 706.27 ubtracl

a sofrevenue over expenses and tl ments 724,774 .

b nvg;t I' Coe, n abve erne -0-).

11782,314 .c St d^jl Inc_m ,,+ e, t ' N/A

L Priva cy Act and Pa p IN Reduction Act Notice , see the instructions . Form 990-PF (2007)

02-20-08723501 OGDEN UT1

Form 990-PF (2007) B. P.. LESTER & REGINA JOHN FOUNDATION

i 1

2 3-71 1 0263 Panel

Attarhedschedulesandamounts inthedesrnpbonBalance SheetsjiBeginning of year End of year1jft column should beforendol-yearamountsonty ( a) Book Value ( b) Book Value (c) Fair Market Value

1 Cash - non -interest-bearing .

2 Savings and temporary cash investments 624,214. 735,594. 735,594.3 Accounts receivable ►

Less allowance for doubtful accounts ►4 Pledges receivable ►

Less allowance for doubtful accounts ►5 Grants receivable - -

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

disqualified persons

7 other notes and loans moemble

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

9 Prepaid expenses and deferred charges

a 10a Investments - U.S and state govemment obligations STMT 9 228 , 263. 176,949. 180,024.b Investments - corporate stock - ... -„ ,,,, STMT 10 17,429 , 804. 18,026,778. 19 , 813 , 292.c Investments - corporate bonds STMT -11 388,452. 442,375. 446,152.

11 Imesbirnts - land buildings , and equipment basis ► 8 5 5 , 0 0 0 .Less ,,,,,imul dit bon STMT 12 Do- 114 , 591 . 750, 918. 740 409. 955,000.

12 Investments - mortgage loans

13 Investments -other

14 Land, buildings , and equipment : basis ► 3,822 .

Less axuruialeddean abon STMT 2 , 012 . 1 , 810. 1,810.15 Other assets (describe 01 TIMBER PROPERTY ) 21,534. 21 , 534. 162 , 500.

16 Total assets (to be completed by all filers 19 , 443 , 185. 20 , 145 , 449. 22 , 294 , 372.17 Accounts payable and accrued expenses - - - -

18 Grants payable

19 Deferred revenue ,, , , , ,,,,,,, ,

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

m 21 Mortgages and other notes payable - , , , ,,,,,, , ,,,,,,,

J 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throu g h 22 ) 0. 0.

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

H

24 Unrestricted

0 25 Temporarily restrictedW

26 Permanently restricted

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

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

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

a 29 Retained eamings , accumulated income , endowment , or other funds 19,443,185. 20,145,449.Z 30 Total net assets or fund balances - - - ,- - 19,443,185. 20,145 , 449.

31 Total liabilities and net assets and balances 19 , 443 , 185. 1 20 , 145 , 449,

p 1jj Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year' s return)

2 Enter amount from Part I . line 27a

3 Other increases not included in line 2 ( itemize) ►4 Add lines 1 , 2, and 3 -

5 Decreases not included in line 2 ( itemize ) ► SECURITY BALANCE ADJUSTMENTS

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

723511o2-20-08

1 19,443,185.2 724,774.3 0.

20,167,959.22,510.

20,145,449.Form 990-PF (2007)

2

Form 990-PF (2007) B. P . LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 3

F' 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 Cory )

( b How acquired-Purchase

D - Donation

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

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

1a

b SEE ATTACHED STATEMENT

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 (f) minus (g)

a

b

c

d

e 7 , 721,300. 1 6,537,674. 1,183,626.Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains ( Col (h) gain minus

(1) F M V as of 12/31/69(j) Adjusted basisas of 12/31/69

( k) Excess of col. (i)over col (1), if any

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

a

b

c

d

e 1 , 183 , 626.

2 ent If (lss)Ienter -0

er -er-in

i n PartPart

1,I line

llnee 77

lCapital gain net income or ( net capital loss ) f (l oossI 1 - -- -•

2 1,183 , 626.

3

,,

Net short-term capital gain or ( loss) as defined in sections 1222 (5) and (6).If gain, also enter in Part I, line 8, column (c)If (loss ), enter -0- in Part I , line 8 3 N/A

I 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? .. . 0 Yes EKI No

If'Yes'the foundation does not qualify under section 4940 ( e) Do not complete this part

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

Base period yearsCalendar year ( or tax year be innin in )

( b)Adjusted qualifying distributions

(0Net value of noncharitable-use assets

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

2006 957 033. 20,601,179. .0464552005 930,664. 19,531 370. .0476502004 762,291. 18 972,416. .0401792003 696,069. 17 250,137. .0403522002 462 860. 17 293 052. .026766

2 Total of line 1 , column (d).. . . ... ... 2 .201402

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

the foundation has been in existence if less than 5 years

or by the number of years

3 . 0 4 0 2 8 0

4 Enter the net value of noncharitable-use assets for 2007 from Part X , line 5 4 22 , 347,865.

5 Multiply line 4 by line 3 5 900 , 172.

6 Enter 1% of net investment income ( 1% of Part I, line 27b) 6 17,823.

7 Addlines5and6 ... 7 917,995.

8 Enter qualifying distributions from Part XII , line 4 8 1 , 033,706.

If line 8 is equal to or g reater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1% tax rateSee the Part VI instructions

723521 /02-20-08 Form 990-PF (2007)

3

Form 990-PF (2007) B. P ., LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 4

Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

la Exempt operating foundations described in section 4940(d)(2), check here ►0 and enter'WA' on line 1

Date of ruling letter (attach copy of ruling letter if necessary -see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►0 and enter 1% 1 17,823.

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 1and2 3 17 , 823.

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 17,823.

6 Credits/Payments

a 2007 estimated tax payments and 2006 overpayment credited to 2007 .. 6a 15, 240.

b Exempt foreign organizations - tax withheld at source .. 6b

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

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

7 Total credits and payments. Add lines 6a through 6d . ..... .... 7 15,240.

8 Enter any penalty for underpayment of estimated tax Check here E:1 if Form 2220 is attached --...... 8

9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed •• • ► 9 2,583.

10 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 2008 estimated tax ► Refunded ► 11

1'04t VU A Stateme nts Regarding Activities

did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in1 a During the tax year Yes No,

any political campaign? 1a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? 1b 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 1120-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. ► $ 0. (2) On foundation managers. ► $ 0

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

managers. ► $ 0

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

or other similar instruments? If "Yes," attach a conformed copy of the changes -- ....bylaws 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? 7 X

If "Yes," complete Part 11, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►OR

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 b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar

year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If "Yes," complete PartXIV . 9 X

10 Did any oersons become substantial contributors during the tax year? n •ves.• attach a schedule itstinq their names and addresses 10 X

Form 990-PF (2007)

72353102-20-08

4

Form 990-PF (2007) B. P. , LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 5

Part VU-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 ) - - 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? - ... - - NIA 11b

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 Thebooksareincareof ► PATRICIA ABRAHAM Telephone 503-223-4590

Locatedat ► 1000 SW VISTA, #116, PORTLAND, OR ZIP+4 ►9720515 Section 4947 (a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here . .. . . . ... ►

enBa or accruea aunng the year -. N/A

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

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

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

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? - M Yes 0 No

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

a disqualified person? . ....... 0 Yes Ell No

(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified persons ..... .. . .. . .. 0 Yes [K] No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . ........ .... . .. ... I Yes 0 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 )? •-- - .. ... ... ... .. • ,. Yes FRI 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 , it terminating within 90 days ) .. ... ...... .. .. .... . . . Yes M 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)? 1 b X

Organizations relying on a current notice regarding disaster assistance check here - - - ---- - - ------ ►0c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 20072 .. 1c X

2 Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a private operating foundation

defined in section 4942 (j)(3) or 4942 (j)(5)):

a At the end of tax year 2007 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year ( s) beginning

before 2007 ? . ED Yes 0 No

If'Yes ; list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect

valuation of assets ) to the year' s undistributed income? ( If applying section 4942(a)(2) to all years listed , answer 'No' and attach

statement - see 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.

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

during the year? -- - Yes No

b If 'Yes ; did it have excess business holdings in 2007 as a result of ( 1) any purchase by the foundation or disqualified persons after

May 26 , 1969; (2) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 4943 (c)(7)) to dispose

of holdings acquired by gift or bequest; or (3) the lapse of the 10- , 15-, or 20-year first phase holding period? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2007.) .. 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 that

I4bI IXForm 990-PF (2007)

723541o2-20-07

5

B. P. , LESTER & REGINA JOHN FOUNDATION 23-7110263 PaeaP VU[-H Statements Regarding Activities for Which Form 4720 May Be Required (continued

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

(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945(e))? - 0 Yes EXI No

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

any voter registration drive? 0 Yes 0 No

(3) Provide a grant to an individual for travel , study , or other similar purposes? - - . 0 Yes No

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

509(a )( 1), (2), or (3), or section 4940 (d)(2)? 0 Yes 0 No

(5) Provide for any purpose other than religious , chantable , scientific , literary , or educational purposes, or for

the prevention of cruelty to children or animals ? 0 Yes MI No

b If any answer isYes ' to 5a(1)-(5 ), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53 .4945 or in a current notice regarding disaster assistance ( see instructions)? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here .... 0. .. . . .. . . . ......... . .

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 ..... 0 Yes LI No

If "Yes, " attach the statement required by Regulations section 53.4945-5(d).

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

a personal benefit contract ? . .. ..... . .. . - ... ... 0 Yes EI 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 ? ., . =1 Yes 0 No

h If vae r1ir1 tha fnunr1 Linn roruiva nnv nrnraarlc nr hava anv nat Inv r mA attnhifthlp to thP- tranS2r tion? N/A 7b

Infation AboutF-Pirt +î PaidEmployeesand

Officers, Directors, Trustees, Foundation Managers, Highly

I 1 ist all officerc_ directors - trustees - foundation manaaers and their compensation.

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

hours per week devotedto p osition

(c) Compensation( It not paid ,enter -0 - )

(d^^+(d^,d

on

(e) Expenseaccount, otherallowances

SEE STATEMENT 14 21 , 200. 0. 0.

9 Cmmnensatinn of five hiohest- naid emnlovees (other than those included on line 7). If none. enter "NONE."

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

hours per weekdevoted to-p osition

(c) Compensation(d)contibutonstogV,° „fib

lam

c asaton

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 0. 1 UForm 990-PF (2007)

72355102-20.08

6

Form 990-PF (2007) B. P., LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 7

Part VICIInformation About Officers, Directors , Trustees, Foundation Managers, Highly

0Paid Employees, and Contractors (continued)

3 Five highest-paid independent contractors for professional services . If none, enter " NONE."

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

NONE

Total number of others receivin g over $50 ,000 for p rofessional services .. .... 0

part w-A Summary of Direct Charitable Activities

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

Expenses

N/A

2

3

4

fart JX-B Summary of Prouram-Related InvestmentsDescribe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N/A

2

All other program - related investments See instructions.

3

Total. Add lines 1 throu gh 3 0

Form 990-PF (2007)

72356102-20-08

7

0 V 1 0


Pdl't Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

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

a Average monthly fair market value of securities 1 a 21,225 , 550.

b Average of monthly cash balances ... lb 344,989 .

c Fair market value of all other assets - 111: 1 , 117 , 649 .

d Total (add lines la, b, and c) 1d 22,688,188.

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

1c (attach detailed explanation) le 0

2 Acquisition indebtedness applicable to line 1 assets 2 0

3 Subtract line 2 from line 1 d .. ... . 3 22,688,188 .

4 Cash deemed held for chartable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) -- 4 3 4 0 , 3 2 3 .

5 Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 22, 3 4 7 , 8 6 5 .

6 Minimum Investment return . Enter 5% of line 5 6 1 117 , 393 .

Ffw-wa Distributable Amount (see instructions) (Section 4942(1)(3) and (1)(5) private operating foundations and certain

foreign organizations check here ► and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 1,117,393.2a

b

c

Tax on investment income for 2007 from Part VI, line 5 2a

Income tax for 2007. (This does not include the tax from Part VI.) ... ... 2b

Add lines 2a and 2b .... ..

17,823.

2c 17 F 823.

3 Distributable amount before adjustments Subtract line 2c from line 1 3 1,099 , 570 .

4 Recoveries of amounts treated as qualifying distributions ........... 4 0

5 Add lines 3 and 4 5 1,099 , 570 .

6 Deduction from distributable amount (see instructions) 6 0

7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 1 , 099 , 570 .

Pali Qualifying Distributions (see instructions)

1

a

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

Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 . ... ........... . . .. la 1,033 , 706.

b Prog ram-related investments -total from Part IX-B ....... 1b 0

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

3

a

Amounts set aside for specific chartable projects that satisfy the:

Suitability test (prior IRS approval required) . 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines la through 3b Enter here and on Part V. line 8, and Part XIII, line 4 4 1,033 , 706.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income Enter 1% of Part I, line 27b . . 5 17 , 823.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 ... 6 1 , 015,883.

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

4940(e) reduction of tax in those years.

foundation qualifies for the section

Form 990-PF (2007)

72357102-20-08

8

Form 990-pF (2007) B. P., LESTER & REGINA JOHN FOUNDATION 23-71102 63 Page 9

fart X111 Undistributed Income (see instructions)

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

Corpus Years prior to 2006 2006 2007

1 Distributable amount for 2007 from Part XI,

line 7 . .

2 Undistributed income, if any, as of the end of 2006

a Enter amount for 2006 only

b Total for prior years*

3 Excess distributions carryover, if any, to 2007:

a From 2002

b From 2003 .. .

c From 2004

d From 2005

e From 2006 _ ....

I Total of lines 3a through e

4 Qualifying distributions for 2007 from

Part Xll,line 4: '$ 1,033,706.

a Applied to 2006, but not more than line 2a

b Applied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2007 distributable amount

e Remaining amount distributed out of corpus

5 Excess disVlbubons carryover applied to 2007of an amount appears in column (d), the same amountmust be shown in column (a) )

6 Enter the net total of each column asIndicated below:

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

b Prior years' undistributed income. Subtract

line 4b from line 2b .....

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

d Subtract line 6c from line 6b. Taxable

amount - see instructions

e Undistributed income for 2006 Subtract line

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

f Undistributed income for 2007. Subtract

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

be distributed in 2008 . .

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

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

8 Excess distributions carryover from 2002

not applied on line 5 or line 7

9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9

a Excess from 2003 .

b Excess from 2004

c Excess from 2005.

d Excess from 2006

1,004,019.

0.

0.

1,004,019.

0.

1,099,570.

0.29,687.

0.0. 0.

0.

0.

0.

` 0.

0.

1,069,883.

0.

0.

0.

Form 990-PF (2007)72358102-20-08

9

Form 990-PF 2007 B. P. , LESTER & REGINA JOHN FOUNDATION 23-711026 3 Page 10

XIV Private Operating Foundations (see instructions and Part VII-A, question 9) N/A

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

foundation , and the ruling is effective for 2007 , enter the date of the ruling .

b Check box to indicate whether the foundation is a p rivate o eratm foundation described in section 0 4942 (l)( 3 ) or 0 4942(1)(5)

2 a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimum (a) 2007 ( b) 2006 ( c) 2005 ( d) 2004 ( e) Total

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

line 4 for each year listed .._. .

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities

Subtract line 2d from line 2c3 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 qualifyingunder section 4942 (j)(3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c 'Support alternative test - enter

(1) Total support other than grossinvestment income ( interest,dividends , rents , payments onsecurities loans (section512(a)(5 )), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942 (I)(3)(B)(iu)

(3) Largest amount of support from

an exempt organization

1 Supplementary Information (Complete this part only if the foundation had $5 ,000 or more in assetsat any time during the year-see 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 taxyear ( but only if they have contributed more than $5 ,000) (See section 507(d)(2) )

REGINA M. JOHNb 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

NONE2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship, etc., Programs:

Check here 10, LI 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 instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed:

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

c Any submission deadlines

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

723601/02-20-08 Form 990-PF (2007)10


3' (rantc and Cnntrihudinns Paid Durina the Year or Anoroved for Future Pavment

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

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

status ofrecipient

contribution Amount

a Paid during the year

PUBLICSEE ATTACHED STATEMENT 21 ONE CHARITY RESTRICTED 1,016,950.

Total ► 3a 1 , 016 , 950.b Approved for future payment

NONE

Total 110- 3b I 0723611/02-20-08 Form 990-PF (2007)

11


P.,art.tA Analysis of Income -Producing Activities

ross amounts unless otherwise indicatedEnter Unrelate d business income Excluded by section 512 , 513 , or 514 (e)g

1 Program service revenue

(a)Businesscode

(b)Amount

c „_Spa

( d)Amount

Related or exemptfunction income

a

b

c

d

e

f

g Fees and contracts from government agencies

2 Membership dues and assessments ... .. -

3 Interest on savings and temporary cashinvestments 14 4,871.

4 Dividends and interest from securities 14 558,328.5 Net rental income or ( loss) from real estate:

a Debt-financed property ...

b Not debt-financed property • - 16 69,329.6 Net rental income or (loss ) from personal

property

7 Other investment income - ,

8 Gain or ( loss) from sales of assets other

than inventory .. 18 1,183,626.9 Net income or (loss ) from special events

10 Gross profit or (loss ) from sales of inventory

11 Other revenue.a US TREASURY - INTEREST

b ON TAX REFUND 14 207.Cd

e12 Subtotal Add columns ( b), (d), and (e) .. . .. 0. 1 , 816 , 361 . 0.

13 Total . Add line 12, columns ( b), (d), and (e) . ... 13 1,816 ,361.(See worksheet in line 13 instructions to verify calculations

I Part M-B Relationship of Activities to the Accomplishment of Exempt Purposes

12

Form 990-PF (2007) B. P., LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of

(1) Cash 1 a (l ) X

(2) Otherassets 1a 2 X

b Other transactions*

(1) Sales of assets to a nonchantable exempt organization •• •• 1 b ( l ) X

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

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

(4) Reimbursement arrangements - - lb (4 ) X

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

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

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

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

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

her ass

ow in

ets,

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

N/A

Under penalties of perjury , I declare that I have examined this return , Including accompanying schedules and statements , and to the best of my knowledge and belief , it is true, correctand complet eclaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge

vmSignature of officer or tr ee

Preparer'sQ)signature

am Firm's narre (oryours MCDONDI/b JACOBS, C.a Ifsca^loyed), '520 SW YAMHI:

addnssandZIPcode PORTLAND, OR 97204

72362202-20-08

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described

in section 501(c) of the Code (other than section 501 (c)(3)) or in section 5279 F Yes No

h if Vac' nmmniata tha fniinwinn ct'horlula

CONTINUATION FOR 990-PF, PART IV

B. P. LESTER & REGINA JOHN FOUNDATION 23-7110263 PAGE 1 OF 1'P 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.

(D -

b How acquired

D - Donationonation

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

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

la MERRILL LYNCH 54F-04040 - SEE ATTACHED STMT 18 VARIOUS VARIOUSbMERRILL LYNCH 54F-04041 - SEE ATTACHED STMT 19 VARIOUS VARIOUScUBS FINANCIAL SERVICES - SEE ATTACHED STMT 20 VARIOUS VARIOUSdCAPITAL GAINS DIVIDENDSe

f

h

k

m

n

0

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

( g) Cost or other basisplus expense of sale

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

a 480 064. 400 885. 79,179.b 527 r 736. 526,016. 1,720.c 6 , 028,412. 5,610,773. 417,639.d 685 088. 685,088.ef

h

i

k

m

n

0Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) Losses (from col. (h))

(I) F.M V. as of 12/31/69(j) Adjusted basisas of 12/31/69

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

Gains (excess of col ( h) gain over col. (k),but not less than W)

a 79 , 179.b 1,720.c 417,639.d 685,088.e

f

h

k

mn

0

2 Capital gain net income or net capital lossf If ain, also enter in Part I, line 7 )

line 7 1( ) ` If ?loss ) enter'-0= in Part I 2 1,183 , 626.,,

3 Net short -term capital gain or (loss ) as defined in sections 1222 ( 5) and (6)If gain, also enter in Part I , line 8, column (c).If (loss), enter '-Vin Part I , line 8 3 N/A

72359104-27-07

14

Depreciation and Amortization Detail JOHN' S LANDING DRY CLEANERS, PORTLAND RENT 2

Description of propertyAsset

Number Dateplace d

Method / Life Line Cost or Basis Accumulated Current year

in service IRC sec . or rate No other basis reduction depreciation /amortization deduction

5 UILDING100199SL 39.0016 239 , 049. 1 1 52 607. 6 , 129.

6 D1010 119 9 70 , 345. 0.

7 OMPUTER100199200D .00 116 8 , 555. 1 8 108. 0.

SOFTW',ARE1010199 L 00 116 2,884.1 2 , 884. 1 -0.

9 OOF100 199SL 139.00 116 14 285. 3 142. 366.EHOLD IMPROVEMENTS0119 L 9-00116 64,882 .1 1 1 4,283 ._ 1,664 .0-PF RENTAL TOTAL OTHER

400,000. 0. 1 81 , 024. 1 8,159.

Current year section 1 19

15

Depreciation and Amortization Detail LAND LEASE, CORVALLIS OREGON

AssetDescription of property

Number Date Method/ Life Line Cost or Basis Accumulatedplaced IRC sec or rate No . other basis reduction depreciation /amortization

m seance

1 ELECTRICAL

J4D

00199 L 139.00 116 33 130. 7 , 287.EATING AND AIR CONDITIONING

S 095 .0 Q 1999 L 13 5 . QO 16i 36 , 763. 1ING00199150D 15.0016 13 252. 7 , 676.

Q199 311 855.90-PF RENTAL TOTAL OTHER

I I 455,000.1 0.1 23,058.

RENT 1

Current yeardeduction

849.

-943.

558.

0.

2,350.

716261 # - Current year section 179 (D)oa-27-07

16

lepreciation and Amortization Detail FORM 9 9 0 -PF PAGE 1

Description of propertyAssAssetNum Method/ Lrfe Line Cost or Basis

IRC sec . or rate No. other basis reductioneR1200D 5.00 17 1 , 560. 1R & MONI Q1 S2GOD y tf JIMN 2 X62.990-PF PG 1 DEPR

3,822.

Accumulateddepreciation/amortization

1,560.

.1 1.560.

990-PF

Current yeardeduction

0.

452.

452.

716261 # - current year section 179 (U) -04-27-07

17

'B. P:, LESTER & REGINA JOHN FOUNDATION 23-7110263

FORM'990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE AMOUNT

WASHINGTON MUTUAL 392-398729-8 4,871.

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A 4,871.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A)SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

MERRILL LYNCH 54F-04040 177,641. 101,252. 76,389.MERRILL LYNCH 54F-04041 18,384. 0. 18,384.UBS FINANCIAL 1,047,391. 583,836. 463,555.

TOTAL TO FM 990-PF, PART I, LN 4 1,243,416. 685,088. 558,328.

FORM 990-PF RENTAL INCOME STATEMENT 3

ACTIVITY GROSSKIND AND LOCATION OF PROPERTY NUMBER RENTAL INCOME

LAND LEASE, CORVALLIS OREGON 1 40,800.JOHN'S LANDING DRY CLEANERS, PORTLAND OR 2 46,926.

TOTAL TO FORM 990-PF, PART I, LINE 5A 87,726.

FORM 990-PF RENTAL EXPENSES STATEMENT 4

ACTIVITYDESCRIPTION NUMBER AMOUNT TOTAL

DEPRECIATION 2,350.- SUBTOTAL - 1 2,350.

DEPRECIATION 8,159.PROPERTY TAXES 7,888.

- SUBTOTAL - 2 16,047.

TOTAL RENTAL EXPENSES 18,397.

NET RENTAL INCOME TO FORM 990-PF, PART I, LINE 5B 69,329.

18 STATEMENT (S) 1, 2, 3, 4

'B. P:, LESTER & REGINA JOHN FOUNDATION

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

FORM'990-PF OTHER INCOME STATEMENT 5

DESCRIPTION

US TREASURY - INTEREST ON TAXREFUND 207. 207.

TOTAL TO FORM 990-PF, PART I, LINE 11 207. 207.

FORM 990-PF ACCOUNTING FEES STATEMENT 6

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

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING

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

FORM 990-PF

3,515. 1,758.

23-7110263

1,757.

3,515. 1,758. 1,757.

TAXES STATEMENT 7

DESCRIPTION

FOREIGN TAXESSTATE FILING FEEOREGON CT-12PROPERTY TAXFEDERAL TAXESPROPERTY TAXES

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

5,297. 5,297.50. 0.

1,200. 0.493. 493.

23,707. 0.7,888. 7,888.

(D)

CHARITABLEPURPOSES

0.50.

1,200.0.0.0.

TO FORM 990-PF, PG 1, LN 18 38,635. 13,678. 1,250.

19 STATEMENT(S) 5, 6, 7

'B. P., LESTER & REGINA JOHN FOUNDATION

FORM'990-PF OTHER EXPENSES STATEMENT 8

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

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

OFFICE SUPPLIES 512. 256. 256.INVESTMENT MANAGEMENT FEES 5,159. 5,159. 0.OTHER INVESTMENTEXPENSES-UBS 6,883. 6,883. 0.INSURANCE 394. 197. 197.BANK FEES 254. 127. 127.TIMBER VALUATION 85. 42. 43.

TO FORM 990-PF, PG 1, LN 23 13,287. 12,664.

23-7r10263

623.

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 9

DESCRIPTIONU.S. OTHER

GOV'T GOV'T

MERRILL LYNCH 54F-04041 SEE XATTACHED STATEMENT 17

TOTAL U.S. GOVERNMENT OBLIGATIONS

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

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

180,024.

180,024.

176,949. 180,024.

FORM 990-PF CORPORATE STOCK STATEMENT 10

DESCRIPTION

MERRILL LYNCH 54F-04040 SEE ATTACHED STATEMENT16UBS FINANCIAL LL 65534 KS SEE ATTACHED STATEMENT15

TOTAL TO FORM 990-PF, PART II, LINE 1OB`

FAIR MARKETBOOK VALUE VALUE

176,949.

176,949.

BOOK VALUE

2,534,019.

15,492,759.

18,026,778.

FAIR MARKETVALUE

2,629,275.

17,184,017.

19,813,292.

20 STATEMENT(S) 8, 9, 10

'B. P., LESTER & REGINA JOHN FOUNDATION

COST OR ACCUMULATEDOTHER BASIS DEPRECIATION

FORM'990-PF

DESCRIPTION

CORPORATE BONDS

MERRILL LYNCH 54F-04040 SEE ATTACHED STATEMENT16MERRILL LYNCH 54F-04041 SEE ATTACHED STATEMENT17MERRILL LYNCH 54F-04041 SEE ATTACHED STATEMENT17

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

STATEMENT 11

FAIR MARKETBOOK VALUE VALUE

276,486.

156,028.

9,861.

283,998.

152,654.

9,500.

442,375. 446,152.

FORM 990-PF DEPRECIATION OF ASSETS HELD FOR INVESTMENT STATEMENT 12

COST OR ACCUMULATEDDESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

ELECTRICAL 33,130. 8,136. 24,994.HEATING AND AIR CONDITIONING 36,763. 9,038. 27,725.PAVING 13,252. 8,234. 5,018.LAND 371,855. 0. 371,855.BUILDING 239,049. 58,736. 180,313.LAND 70,345. 0. 70,345.COMPUTER 8,555. 8,108. 447.SOFTWARE 2,884. 2,884. 0.ROOF 14,285. 3,508. 10,777.LEASEHOLD IMPROVEMENTS 64,882. 15,947. 48,935.

TOTAL TO FM 990-PF, PART II, LN 11 855,000. 114,591. 740,409.

FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 13

DESCRIPTION

COMPUTERCOMPUTER & MONITORS

TOTAL TO FM 990-PF, PART II, LN 14

1,560.2,262.

3,822.

23-7110263

BOOK VALUE

1,560. 0.452. 1,810.

2,012. 1,810.

21 STATEMENT (S) 11, 12, 13

B. P.', LESTER & REGINA JOHN FOUNDATION 23-7110263'

FORM'990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 14TRUSTEES AND FOUNDATION MANAGERS

TITLE ANDNAME AND ADDRESS AVRG HRS/WK

PHILIP T. ABRAHAM TRUSTEE1000 SW VISTA, SUITE 116 1.00PORTLAND, OR 97205

REGINA M. JOHN TRUSTEE1000 SW VISTA, SUITE 116 0.25PORTLAND, OR 97205

MARY AMSTAD SECRETARY1000 SW VISTA, SUITE 116 2.00PORTLAND, OR 97205

PATRICIA ABRAHAM PRESIDENT1000 SW VISTA, SUITE 116 10.00PORTLAND, OR 97205

MELISSA HARTNELL TRUSTEE1000 SW VISTA, SUITE 116 20.00PORTLAND, OR 97205

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

EMPLOYEECOMPEN- BEN PLAN EXPENSESATION CONTRIB ACCOUNT

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

21,200. 0. 0.

21,200. 0. 0.

22 STATEMENT(S) 14

Form 4562Department of the TreasuryInternal Revenue Service

Name(s) shown on return

Depreciation and Amortization 990-PF

(Including Information on Listed Property)► See separate instructions . ► Attach to your tax return.

Business or activity to which this form relates

OMB No 1545-0172

2007AttachmentSequence No 67

Identifying number

B. P.. LESTER & REGINA JOHN FOUNDATION IFORM 990-PF PAGE 1 I23-7110263

Ifi'art i l Election To Expense Certain Pro p erty Under Section 179 Note : If you have any listed property, complete Part V before you complete Parth

1 Maximum amount. See the instructions for a higher limit for certain businesses - - 1 125,000.

2 Total cost of section 179 property placed in service (see instructions) 2

3 Threshold cost of section 179 property before reduction in limitation 3 500,000.

4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- -- 4

% -1- -1-1- R.. hr ..m. C. hr,.. .- ,In. A h..... n... I If +..n n. is,. .n1.. _ n. if rnemsA fl", c.nnml.iv em i nctn ,ah... - - - - 5

(a) Description of (b) Cost (business use only) I (c) Elected cost

7 Listed property. Enter the amount from line 29 ... . - 7

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8

9 Tentative deduction. Enter the smaller of line 5 or line 8 9

10 Carryover of disallowed deduction from line 13 of your 2006 Form 4562 -- 10

11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 - -- 11

12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 12

13 Carryover of disallowed deduction to 2008. Add lines 9 and 10 , less line 12 . ► 13

Note: Do not use Part 11 or Part Ill below for listed property. Instead, use Part V.

PATE It I Special Depreciation Allowance and Other Depreciation (Do not include listed property.)

14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property) and cellulosic

biomass ethanol plant property placed in service during the tax year 14

15 Property subject to section 168(f)(1) election -. ....... - .. . 15

16 Other depreciation fincludina ACRS) 16

I }Aft III I MACRS Depreciation (Do not include listed property.) (See instructions.)

Section A

17 MACRS deductions for assets placed in service in tax years beginning before 2007

Section B - Assets Placed in Service During 2007 Tax Year Usina the General Depreciation System

(a) Classification of property(b) Month andyear placedin service

(c) Basis for depreciation(businesslnvestment useonly - see Instructions)

(a) Recoveryperiod

(e) Convention (f) Method (g) Depreciation deduction

19a 3-year property

5 -year property 262. 5 YRS. HY 200DB 452.c 7 -year property

d 10 ear property

e 15 ear property

20 ear property

25 ear property 25 yrs. S/L

/27.5 yrs. MM S/L

h Residential rental property/ 27.5 yrs. MM S/L

/ 39 yrs. MM S/Li Nonresidential real property /

MM S/L

Section C - Assets Placed in Service During 2007 Tax Year Using the Alternative Depreciation System

20a Class life S/L

b 12 ear 12 y rs. S/L

c 40-year / 40 yrs. MM S/L

Part IV Summary (see instructions)

21 Listed property. Enter amount from line 28 - -- - 21

22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.

Enter here and on the appropriate lines of your return. Partnerships and S corporations - see instr. 22 452.

23 For assets shown above and placed in service during the current year, enter the

11- 07 LHA For Paperwork Reduction Act Notice , see separate instructions . Form 4562 (2007)23

Form 4562 (2007) B. P., LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 2{a^ Listed Property (Include automobiles , certain other vehicles , cellular telephones , certain computers, and property used for entertainment,

recreation , or amusement.)Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a)through (c) of Section A, all of Section B, and Section C if applicable.

Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenger automobiles.)

OA^ nn -ii hwo -irlonro to cunnnrt the hneinoeclnuae t mant ice rh,me19 r-- 1 V.... I I RJ.. 7A6 If • Va., • i t. Ika ---- ..,rt4+nn 1 1 VS.. l^ R1^

Type of property Date Business/ Cost or Basis for depreciation Recovery Method/ Depreciation Elected

(list vehicles first placed in investmentother basis (business investme t period Convention deduction section 179

service use percentage use oniy) cost

25 Special allowance for qualified Gulf Opportunity Zone property placed in service during the tax year and

used more than 50% in a qualified business use 25

28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 .. 1 28

Section B - Information on Use of Vehicles

Complete this section for vehicles used by a sole proprietor, partner, or other 'more than 5% owner,' or related person.If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section forthose vehicles.

30 Total businesslinvestment miles driven during the(a)

Vehicle

(b)

Vehicle

(c)

Vehicle

(d)

Vehicle

(e)

Vehicle

(f)

Vehicle

year (do not include commuting miles) .

31 Total commuting miles driven during the year

32 Total other personal (noncommuting) miles

driven.

33 Total miles driven during the year.

Add lines 30 through 32 . . . .. . ..

34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No

during off-duty hours?

35 Was the vehicle used primarily by a more

than 5% owner or related person? . -

36 Is another vehicle available for personal

use?

Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees

Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5%

37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes No

employees?

38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your

employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners

39 Do you treat all use of vehicles by employees as personal use?

40 Do you provide more than five vehicles to your employees, obtain information from your employees about

the use of the vehicles, and retain the information received?

41 Do you meet the requirements concerning qualified automobile demonstration use? -is ...... _._...... - - 7n tin wn __ At ._ nv__ a ._ - _____._s _ n__ar__ n .--

VI AmortizationP,-Wt

(a) (b) (c) (d) (e) (f)Description of costs Date amortization Amortizable Code Wnoflt atlon Amortization

beams amount section oennd or oertmtaoe for this year

42 Amortization of costs that beains dunno your 2007 tax year:

43 Amortization of costs that began before your 2007 tax year - - - 43

44 Total . Add amounts in column (f). See the instructions for where to report 44

71625W1-o3-o7 Form 4562 (2007)24

27 Progertv used 50% or less in a aualified business use:

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B. P., LESTER & REGINA JOHN FOUNDATION

12/31/2007

UBS FINANCIAL SERVICES #65534

111011

Cash and money fundsDays in

Description Opening balance Closr balance Closing share price Aver a rate Dividend penod period

Cash .00 -78.01

UBS CASHFUND INC. 23,740.82 571,063.25 1.00 4.25% 11 /23-12/20 28

Total 23,740.82 570,985.24

Common stockEst. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gain1loss period

STARBUCKS CORP 2,000.000 20.470 40,940.00 05/17/07 28.350 57,484.85 -16,544.85 ST

Symbol: SBUX Exchange: OTC

Mutual funds'Aggregated Reinvestment' is the aggregate of all dividends paid that were reinvested in the fund and excludes any cash dividends taken, but is not a tax lot for purposes of determining holding periods and/or basis. Each time dividends

are reinvested, the shares received are a separate tax lot. 'Cost basis' is the aggregate purchase cost of the security, including reinvested dividends, and may need to be adjusted for return of capital payments to determine the aggregate

adjusted tax cost basis. 'Unrealized gain/loss' is the difference between the aggregate current value and the aggregate cost basis for each secunty (and may also need to be adjusted for return of capital payments to determine the realized

gain or loss for tax reporting purposes) The 'Investment return' for each security is equal to the Current value minus the Client investment, and excludes any cash dividends not reinvested.

Total Purchase Client Unrealized Reinvested Investment Holding

Description shares Pnce Current value price investment Cost basis gainfloss dividends return penod

AMERICAN FUNDS AMCAP

FUND CL ATrade date: 06/10/98 2,585.648 20.160 52,126.66 17.530 45,326.41 45,326.41 6,800.25' LT

Trade date : 02101 /99 6,479 .482 20 . 160 130 ,626.36 18.520 120,000.00 120 ,000.00 10,626.361 LT

Trade date: 12/31/00 4,690 .065 20.160 94,551.71 17.990 84,416.60 84,416.60 10,135.11 l LT

STATEMENT 15

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i n1f'.a nG4A7r vj.s ^rl4n.! ^.l!`M dr tl .!•l +,ry LhmN.'Ir•7,rfi i 1F }te^.1 r^r^^l rI U• }^M gltta.l pSVh /}rSSrfi.rn •j1+^k.vl^r7r ^^WSC`S ayLk.l, fr'i+Y`tf ^(.i hr'1kX5t ^ 1< y,,t1Y RJ/i ^'::r,VPX0.n.S:C'{I b 'i ii -• ,I) k^ l'^/70ri Y- } 4ilY - !^G ,59h ]i^r IL .f - ,t r nt r

[Itid


12/31/2007


Mrst al funds - rnnr;nnorl


Description shares price Current value price investment Cost basis gain loss dividends return period

Trade date: 06/30/01 1,385.457 20 . 160 27 ,930.81 16.810 23 ,303.38 23,303.38 4,627.431 LT

Trade date: 05/11/04 14,705.882 20. 160 296 ,470.58 17.000 250,000 .00 250,000.00 46,470.581 LT

Trade date : 11/18/05 13 ,096.000 20 . 160 264,015.36 19.090 250 ,007.89 250,007.89 14,007.47 LT

Aggregated reinvestment 6,779. 611 20 . 160 136 ,676.96 17.280 117 , 152.31 19 , 524.65 117, 152.31

Estimated annual income: $4,177

Current yield: .42%Security total 49,722. 145 1,002,398.44 773,054.28 890,206.59 112,191.85 117, 152.31 229,344.16

AMERICAN FUNDS AMERICAN

MUTUAL FUND CL ATrade date: 05/11104 10,412.328 28.290 294,564.76 24.010 250 ,000.00 250,000.00 44,564.76 ' LT

Trade date : 02/14/05 13 , 648.393 28 .290 386 , 113.04 26.450 361,005.25 361 ,005.25 25,107.79 LT

Trade date: 12/16/05 15,943.000 28 .290 451 ,027.47 27.600 440,032.05 440,032 . 05 10 ,995.42 LT


Current yield: 2.17%Security total 40,003 .721 1,131,705.26 1,051 , 037.30 1,051,037.30 80,667.97 80,667.97

AMERICAN FUNDS EUROPACIFIC GROWTH FUND CL A

Trade date: 09/16/04 7,527.390 50.870 382,918.33 31 .580 237,718.11 237,718.11 145,200.22 LT

Trade date: 03/23/05 3,680 . 809 50.870 187 ,242.75 35 .590 131 ,005.25 131 , 005.25 56,237.50 LT

Trade date: 12/16/05 10 ,324.000 50 . 870 525, 181.88 42 .620 440 ,014.13 440, 014.13 85,167.75 LT


Current yield: 1.41%Security total 21,532.199 1,095 , 342.96 808 ,737.49 808,737.49 286 ,605.47 286,605.47

AMERICAN FUNDSFUNDAMENTAL INVESTORSFUND CL ATrade date: 02/01199 4,828.794 42.450 204,982.31 28.880 144,284.37 144,284.37 60,697.941 LT

Trade date: 09/14/99 13 ,414.522 42.450 569 ,446.46 32.640 437,850.00 437 ,850.00 131 ,596.46 LT

Trade date: 12131100 3,790.260 42 .450 160 ,896.54 30 .730 116,512.58 116 ,512.58 44,383.96 LT

Trade date: 03/31/01 850 .382 42.450 36 , 098.72 29.600 25, 179.80 25,179.80 10,918.92' LT

Trade date: 11/18/04 8 , 201.893 42.450 348,170.36 31 .700 260 ,005.25 260,005.25 88,165.11 LT

Trade date: 03/02/05 9,213.000 42.450 391 ,091.85 32.560 299,980.53 299 ,980.53 91 ,111.32 LT

STATEMENT 15

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12/31/2007


Mutual funds - continuedTotal Purchase Client Unrealized Reinvested investment Holding

Description shares Price Current value price Investment Cost basisgain/loss dividends return period

Trade date: 03/08/05 3,033.000 42.450 128,750.85 32.980 100,033.59 100,033.59 28,717.26 LT

Trade date: 05/13/05 12,359.329 42.450 524,653.52 30.710 379,560.25 379,560.25 145,093.27 LT

Aggregated reinvestment 11,707.087 42.450 496,965.84 30.952 362,360.32 134,605.52 362,360.32

Estimated annual income: $32,351Current yield: 1.13%Security total 67,398.267 2,861,056.43 1,763,406.37 2,125,766.69 735,289.76 362,360.32 1,097,650.08

AMERICAN FUNDS GROWTH

FUND OF AMERICA CLASS ATrade date: 11 /18/04 9,712.365 34.010 330,317.53 26.770 260,005.25 260,005.25 70,312.28 LT

Trade date: 11/18/05 8,246.000 34.010 280,446.46 30.320 250,023.97 250,023.97 30,422.49 LT

Trade date: 01/05/06 9,105.280 34.010 309,670.57 31.630 288,005.25 288,005.25 21,665.32 LT



Current yield: 1.06%Security total 30,535.019 1,038,495.99 798,034.47 912,741.24 125,754.75 114,706.77 240,461.52

AMERICAN FUNDSWASHINGTON MUTUAL

INVESTORS FUND CL ATraded ate: 12/31/99 7,184.675 33.630 241,620.62 29.140 209,368.33 209,368.33 32,252.29 ' LT

Trade date: 12/31/00 3,785.611 33.630 127,310.10 28.180 106,678.53 106,678.53 20,631.57 1 LT

Trade date: 05/14/03 10,158.472 33.630 341,629.41 24.610 250,000.00 250,000.00 91,629.41 ' LT

Trade date: 11/18/04 8,516.214 33.630 286,400.28 30.530 260,005.25 260,005.25 26,395.03 LT

Trade date: 03/02/05 9,677.000 33.630 325,437.51 31.000 299,992.25 299,992.25 25,445.26 LT

Trade date: 03/08/05 3,208.000 33.630 107,885.04 31.180 100,030.69 100,030.69 7,854.35 LT

Trade date: 04/11/07 9,184.000 33.630 308,857.92 35.390 325,027.01 325,027.01 -16,169.09 ST



Current yield: 2.11 %

Security total 53,947.628 1,814,258.72 1,551,102.06 1,613,183.55 201,075.18 62,081.49 263,156.67

Estimated annual Income: $125,796Mutual funds total 263,138.979 8,943,257.84 6,745,371.97 7,401,672.86 1,541,584.98 656,300.89 2,197,885.87

STATEMENT 15


12/31/2007


Unit investment trustsWhen cost basis is available , it may have been adjusted for all or a portion of principal paid

Quantityl Est. annual income/ Trade Purchase Unrealized Holding

Descn tion Face value Price Current value Current yield date price Cost basis am/lossperiod

UNTS CLAYMORE LARGE CAP 51,732.000 10.740 555,601.68 11/15/06 10.453 540,790.80 14,810.88 LT

CORE PORTFOLIO SER 6

CASH

UNTS CLAYMORE ZACKS 17,642.000 9.190 162,129.98 3,366/ 2.08% 02/02/07 10.391 183,332.12 -21,202.14 ST

SELECT PORTFOLIOSERIES 4 CASHPayment option: Monthly

UNTS CLAYMORE ZACKS 12,621.000 8.680 109,550.28 02/07/07 9.901 124,971.87 -15,421.59 ST

SELECT PORTFOLIO SER 5 28,449.000 8.680 246,937.32 02/12/07 9.664 274,945.35 -28,008.03 ST

CASHPayment option: Monthly

Security total 41,070.000 356,487.60 4.386/ 1.23% 399,917.22 -43,429.62

UNTS CLAYMORE PERONI 42,088.000 10.900 458,759.20 707/ .15% 05/24/07 10.142 426,898.58 31,860.62 ST

GROWTH PORTFOLIO, SPRING

2007 SERIES CASHPayment option: Monthly

LINTS CLAYMORE INTL 69,120.000 10.600 732,672.00 07/16/07 10.127 699,998.97 32,673.03 ST

EQUITY DIV&INC PT SER 5 707.000 10.600 7,494.20 Earnings 9.930 7,021.18 473.02

TERM 05/20/09 REINVEST

Payment option: Monthly

Security total 89,827.000 740,166.20 22,373/ 3.02% 707,020.15 33,146.05

LINTS CLAYMORE LEVERAGED 15,441.000 9.180 141,748.38 3,113/ 2.20% 06/21/07 9.713 149,990.78 -8,242.40 ST

BUYOUT CANDIDATE PRFLO

SER 1 TERM 6/24/09 CASH


LINTS CLAYMORE EQUITY 7,463.000 8.990 67,092.37 2,928/ 4.36% 09105/07 9.646 71,992.57 -4,900.20 ST

DVDND&INCM PRTFO(2YR)

SER18 TRM 9/23/09 CASH

STATEMENT 15

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12/31/2007


Unit investment trusts - continuedQuantity/ Est. annual income/ Trade Purchase Unrealized Holding

Description Face value Price Current value Current yi eld date rice Cost basis ain/loss penod

UNTS CLAYMORE INT'L 41,005.000 10. 150 416,200.75 09/07/07 9.690 397,358 .95 18,841.80 ST

EQUITY DIVIDEND INC PT 6 35, 824.000 10. 150 363 ,613.60 09/18/07 9.984 357,695 .47 5,918.13 ST

TERM 11 /18/09 CASH


Security total 76,829 .000 779,814.35 11 ,432/ 1 .47% 755,054.42 24,759.93

UNTS CLAYMORE TARANTULA 17,444.000 10. 750 187,523.00 1 ,402/ .75% 11/02/07 11 .347 197 ,938.80 -10,415.80 ST

INTL ALL-CAP PR SER 1TERM 12/01/08 CASH

Payment option : Monthly

UNTS CLAYMORE GLOBAL 19,628.000 9.980 195,887.44 12/07/07 10.184 199,893.51 -4,006.07 ST

EXCHANGE & ASSET MGMNT 12,059.000 9.980 120,348.82 12/17/07 9.696 116,927.68 3,421.14 ST

PT SR 3 TERM 11 /25/9 CSH

Security total 31,687.000 316,236.26 316,821.19 -584.93

UNTS FIRST TRUST 11,039.000 11.200 123,636.80 04/10/07 10.083 111,310.65 12,326.15 ST

TECHNOLOGY SELECT PORT 3,433.000 11.200 38,449.60 04/19/07 10.193 34,992.91 3,456.69 ST

SERIES 22 CASHPayment option: Monthly

Security total 14,472.000 162,086.40 1,945/ 1.20% 146,303.56 15,782.84

UNTS FT FOCUS FOUR PR 7,239.000 9.000 65,151.00 2,285/ 3.51% 06/29/07 9.639 69,780.34 .4,629.34 ST

JUNE 07 SER TERM 8/29/08

CASH


UNTS FT GLOBAL DIVIDEND 32,743.000 9.940 325,465.42 15,009/ 4.61% 07/20/07 10.078 329,997.05 -4,531.63 ST

PORTFOLIO SER 8 TERM -

06/18/09 CASH


Total 425,677.000 4,318,261.84 68,946 4,295,837.58 22,424.26

STATEMENT 15


12/31/2007


Unit investment trustsWhen cost basis is available it may have been adjusted for all or a portion of principal paid

Quantilyl Eat annual income/ Trade Purchase Unrealized Holding

Description Face value Price Current value Current yield date price Cost basis gain/loss period

UNTS CLAYMORE CLOSED-END 28,994.000 9.850 285,590.90 18,162/ 6.36% 1129/06 10.292 298,429.43 -12,838.53 LT

EOUITY& INCOME PORTSERIES 6 CASHPayment option: Monthly

UNTS CLAYMORE STRATEGIC 53,535.000 8.210 439,522.35 40,665/ 9.25% 11/24/06 9.816 525,526.33 -86,003.98 LT

INCOME PORTFOLIOSERIES 7 CASHPayment option: Monthly

LINTS CLAYMORE STRATEGIC 22,670.000 8.050 182,493.50 16,703/ 9.15% 01/05/07 9.877 223,916.12 -41,422.62 ST

INCOME PORTFOLIO SERIES

8 CASHPayment option: Monthly

UNTS CLAYMORE STRATEGIC 5,798.000 8.170 47,369.66 04/05/07 10.224 59,281.65 -11,911.99 ST

INCM PRTFOSER 10 29,609.000 8.170 241,905.53 04/11/07 10.131 299,992.46 -58,086.93 ST

CASHPayment option: Monthly

Security total 35,407.000 289,275.19 23,7941 8.23% 359,274.11 -69,998.92

UNTS CLAYMORE MULTIPLE 29,296.000 9.330 273,331.68 10/04/07 10.240 299,999.82 -26,668.14 ST

ASSET PRTFO PLUS(2YR)SER 24,112.000 9.330 224,964.96 11/06/07 9.745 234,993.14 -10,028.18 ST

TERM 10/14/09 CASHPayment option: Monthly

Security total 53,408.000 498,296.64 45,375/ 9.11 % 534,992.96 -36,696.32

Total 194,014.000 1,695,178.58 144,699 1,942,138.95 -246,960.37

STATEMENT 15

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n1.aA _.A ,^^Yx .1 ..F t. - r^J ,. niJ4•' .. f,. iA. ntx t .,,.. - '} )G1• !•I 1'.t !> SH•

v __.t.. 3 ,r vv, n . 4t^•i'V YVr ,tU.^Y . 5\' •^Yh•)^r)T-a t 9^'!5•FVl cl.v ' rl l'l lrs a .l a• n^snvw ..^tê. ,v , :r 1 .

"vilv.r ^v , v^rr .. LL^•^.^^.. rC^1T ^vv.i v^r ..>.:..^_ < M1•9ov .f ^.. r 4.r a1 x .v_ l V J ra ..i tr ,.. s..... _ tai. Yl. r.p4. • ra aa....^_ . ^ 'Y i•^^p .vu .r. ..


12/31/2007


Mutual funds'Aggregated Reinvestment' Is the aggregate of all dividends paid that were reinvested in the fund and excludes any cash dividends taken, but is not a fax lot for purposes of determining holding periods and/or basis. Each time dividends

are reinvested, the shares received are a separate tax lot. 'Cost basis' is the aggregate purchase cost of the security, including reinvested dividends, and may need to be adjusted for return of capital payments to determine the aggregate

adjusted tax cost basis. 'Unrealized galWfoss' is the difference between the aggregate current value and the aggregate cost basis for each security (and may also need to be adjusted for return of capital payments to determine the realized

gain or loss for tax reporting purposes) , The 'investment return' for each security is equal to the Current value minus the Client Investment, and excludes any cash dividends not reinvested.


Descn Ion shares Pnce Current value rice investment Cost basis ain/loss dividends return period

AMERICAN FUNDSAMERICAN BALANCED FUND

CL ATrade date: 05/16/05 3,457.718 19.310 66,768.53 17.600 60 ,856.01 60,856.01 5,912.52 5,912.52 LT


Current yield: 2.66%

AMERICAN FUNDS CAPITAL

INCOME BUILDER FUND

CL ATrade date: 04/07/04 13,412.878 62.560 839,109.65 48.610 652,000.00 652,000 .00 187,109.65 LT

Trade date: 05/05/04 7,285. 595 62.560 455,786.82 48.040 350,000.00 350,000.00 105,786.82 ' LT


Current yield: 3.21%Security total 20,698.473 1,294,896.47 1,002,000 .00 1,002 ,000.00 292,896.47 292,896.47

AMERICAN FUNDS INCOME

FUND OF AMERICA CL A

Trade date: 04107/04 22,087.063 19.380 428,047.28 17.330 382, 768.80 382,768.80 45,278.481 LT

Trade date: 05/05/04 20,467.836 19.380 396,666.66 17. 100 350 ,000.00 350,000.00 46,666.661 LT


Current yield: 4.02%

Security total 42,554. 899 824,713.94 732,768.80 732 ,768.80 91,945.14 91,945.14

Estimated annual Income: $76,570

Mutual funds total 66,711 .090 2,186,378 .94 1,795 ,624.81 1,795 ,624.81 390,754.13 390,754.13

TOTAL CORPORATE STOCK 17,184,017 15 ,492,759

STATEMENT 15


12/31/2007

MERRILL LYNCH 54F-04040

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%CASH 19,596.85 19,596 19,596.85MERRILL LYNCH READY ASSETS 83,618.00 83,618 1.0000 83,61&00 3,955 4.73(.7000 FRACTIONAL SHARE) 1.0000 .70

TOTAL 103,215 103,215.55 3,955 4.73

EQUITIES Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

I BANK OF AMERICA CORP BAC 03/23/05 1,000 44.4840 44,484 41.2600 41,260.00 (3,224) 2,560 6.20MICROSOFT CORP MSFT 02/18/00 600 50.2383 30,143 35.6000 21,360.00 (8,783) 264 123

-04/24/00 600 33.4450 20,067 35.6000 21,360.00 1,293 264 1.2311/15/01 800 33.5662 26,853 35.6000 28,480.00 1,627 352 12307/14/03 550 27.7699 15,273 35.6000 19,580.00 4,306 242 1.2307/14/03 550 27.7899 15,284 35.6000 19,580.00 4,295 242 123

Subtotal 3,100 107,620 110,360.00 2,738 1,364 1.23STARBUCKS CORP SBUX 12/13/05 100 316420 3,164 20.4700 2,047.00 (1,117)

12/13/05 1,500 316420 47,463 20.4700 30,705.00 (16,758)Subtotal 1,600 50,627 32,75200 (17,875)

TOTAL 202,732 184,372.00 (18,361) 3,924 2.13

STATEMENT 16

B. P., LESTER & REGINA JOHN FOUNDATION12/31/2007


Cumulative

• t i

1•ìHf

MUTUAL FUNDS/CLOSED END FUNDS/lilT Total Client Investment Total Estimated Estimated Unrealized Estimated CurrentDescription - Quantity Investment Return Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

ADVENT CLAYMORE GLOBAL 1,552 30,000 (6,254) 30,872 15.3000 13,745.60 (7,127 ) - 2,714 11.43

CONV SECS & INCOME FUND

(.8172 FRACTIONAL SHARE) ' " - - ' N/A 15 .3000 12.50 N/A 1 11.43SYMBOL: AGC Initial Purchase., 05/24/07 - - - - _ . `

BLACKROCK INTL OPP -, 4,118 98,842 54,264 149 ,640 37 . 1800 153,107.24 3,466 2,948 1.92PORT C

(.6170FRACTIONACSHARE)'- - - N/A 37. 1800 22.94 N/A 1.92

SYMBOL : BRECXlnitial Purchase:12/13/05

COLUMBIA MARSICO GROWTH 10 ,867 201,326 30,466 201,326 23-3300 231,793.11 30,466FD CL C -

(1360 FRACTIONAL SHARE) N/A 21.3300 2.90 N/A

SYMBOL: NMICY, Initial Purchase : 121.14/05

DWS DREMAN SM CAP VAL • 5,336 - 147,760 23, 151 185 ,696 32.0300 170,912.08 (14, 784) 357 .20CLC(2900 FRACTIbrNNAL SHAPE) - - - N,,A 32.0300 9.28 N/A .20

SNt9BOl : KDSCX i nitial Purchase : 12/13105

ING DIVERSIFIED 8,547 99,991 17 .956 100 ,090 13 .8000 117,948.60 17,858

INTERNATIONAL FUND CL C

(.5860 FRACTIONAL SHARE) N/A ' 13.8000 8.08 N/A

STATEMENT 16


12/31/2007


MUTUAL FUNDS/CLOSED END FUNDS/UIT (continued)Description Quantity

SYMBOL- IFFCX Initial Purchase: 11/17/06

ING FOREIGN FUND 5,418CLASS C(.9750 FRACTIONAL SHARE)SYMBOL. ICFCX Initial Purchase: 12114105

ING INTERNATIONAL REAL-* " - 4,262ESTATE FUND CL C(.0850 FRACTIONAL SHARE)SYMBOL- IIRCX Initial Purchase: 05/11/07 -

IVY GLOBAL NATURAL .' - 3,793RESOURCESFDCLC(.1430 FRACTIONAL SHARE) - " • _SYMBOL- IGNCX Initial Purchase: 12/13/05

JANUS ADVISER FORTY ' . _ 7,037FUND CL C(.1340 FRACTIONAL SHARE) -SYMBOL: JACCX Initial Purchase. 08/29/07

JOHN HANCOCK CLASSIC 34,534-VALUE FUND CL C(.3640 FRACTIONAL SHARE) ; ' -SYMBOL: JCVCX Initial Purchase: 11107103'

Subtotal (Equity Funds) -LOOMIS SAYLES STRATEGIC - 28,157

INCOME FUND CLASS C

(.4480 FRACTIONAL SHARE)SYMBOL- NECZX Initial Purchase. 11/17106

CumulativeTotal Client Investment Total Estimated Estimated Unrealized Estimated CurrentInvestment Return Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yreld%

79,971 30,447 91,490 20.3800 110,418.84 18,928

N/A 20.3800 19.87 N/A

59,995 (7,700) 60,133 12.2700 52,294.74 (7,839) 1,824 3.48

N/A 12.2700 1.04 N/A 3.48

77,715 58,112 104,050 35.8100 135,827.33 31,776 644 .47

N/A 35.8100 5.12 N/A .47

239,997 47,533 240,037 40.8600 287,531.82 47,494

N/A 40.8600 5.47 N/A

645,830 90,779 745,954 21.3300 736,610.22 ' (9,344) 7,041 .95

N/A 21.3300 7.76 N/A .95

338,754 1,909,293 2,020,284.54 110,894 15,533 .77

421,993 2,614 421,993 . 15.0800 424,607.56 2,614 20,244 4.76

N/A 15.0800 6.75 N/A 4.76

STATEMENT 16


12/31/2007


CumulativeMUTUAL FUNDS/CLOSED END FUNDS/UIT (continued) Total Client Investment Total Estimated Estimated Unrealized Estimated Current

Description Quantity Investment Return Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

LORD ABBETT BOND 35 ,768 276, 486 7,511 276,486 7 .9400 283,997.92 7,511 16,667 5.86

DEBENTURE FD CL C(.4690 FRACTIONAL SNARE) N/A 7.9400 3.72 N/A 5.86

,

CORPORATE STOCK 2,534,019 2,629,275

CORPORATE BONDS 276, 486 283,998

Total values exclude N/A items • ,

STATEMENT 16

0043889 002874

B P, LESTER & REGINA JOHN FDN

MERRILL LYNCH CONSULTS SERVICE

B. P. , LESTER

EIN #23-7110263

12/31/2007

& REGINA JOHN FOUNDATION

YOUR EMA ASSETS

December 01, 2007 - December 31, 2007

CASH/MONEYACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yleld%CASH 135.15 135 135.15ML Bank Deposit Program 7,586.00 7,586 1.0000 7,586.00 358 4.73

TOTAL 7,721 7,72115 358 4.73

GOVERNMENT AND AGENCY SECURITIES 'Description Acquired Quantity

Adjusted/Tota!Cost Basis

EstimatedMarket Price

EstimatedMarket Value

UnrealizedGain/(Loss)

EstimatedAccrued Interest

EstimatedAnnual Income

CurrentYield%

U.S. TREASURY NOTE 04/26/07 5,000 4,983 100.3360 5,016.80 33 58.13 231 4.604.625% MAR 312008 -

A U.S. TREASURY NOTE • 09/27/07 17,000 17,010 101.4690 17,249.73 238 227.91 679 3.944. 000% AUG 312009 ORIGINAL UNIT COST: 100.07

A U.S. TREASURY NOTE 09/18/07 12,000 12,185 105.0000 12,600.00 414 230.75 554 4.404.625%JUL 312012 ORIGINAL UNIT COST: 10164

FHLMC G12674 05%2021 05/30/07 25,000 22,034 100.0980 22,556.53 522 94.00 1,126 4.99AMORTIZED FACTOR 0.901377980 AMORTIZED VALUE 22534

Account Number:54F-04041

STATEMENT 17009

• 6a2218=0028760nnR

B P, LESTER & REGINA JOHN FDN Account Number:54F-04041

YOUR EMA ASSETS

131TOTAL MERRILL'


GOVERNMENT AND AGENCY SECURITIES I (continued) Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yeld%

FNMA P928240 05 50%2022 05/18/07 14,000 13,209 101.2973 13,415.12 205 60.76 728 5 42

AMORTIZED FACTOR 0.945951530 AMORTIZED VALUE 13243

FNMA P949663 05 50%2022 1 09/11/07 1,000 990 101.2973 1,000.35 9 4.53 54 5.42

- AMORTIZED FACTOR 0.987541710 AMORTIZED VALUE 987

FHLMC G12896 05%2022 12/17/07 2.000 1,972 100.1098 1,992.34 20 8.30 99 4.99


U.S. TREASURY BOND - 06/27/07 2.000 1,791 100.5080 2,010.16 218 33.75 90 4.47

4500% FEB 15 2036

FNMA P922039 05 50%2037 04/26/07 31,000 29,674 99.8873 30,001.54 327 137.64 1,651 5.50

AMORTIZED FACTOR-0.968883560 AMORTIZED VALUE 30035

FNMA P899509 05 50%2037 07/16/07 5,000 4,677 99.8873 4,863.91 186 22.30 267 5 50


FNMA P918244 05%2037 04/27/07 70,000 66.563 97.5748 67,380.81 817 287.70 3,452 5.12


FNMA P937,630 05%2037 06/26/07 2,000 1,856 97.5748 1,936.35 80 8.26 99 5.12


TOTAL 186,000 176,948 180,023.64 3,069 1.174.03 9,036 5.02

CORPORATE BONDS ' - - • - Adjusted/Total - ' " Estimated Estimated Unrealized Estimated Estimated Current

Description Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yeld%

JP MORGAN CHASE & CO 10/05/06 3,000 2,896 98.3760 2,951.28 54 30.92 105 3.55

GLB 03.500% MAR 15 2009MOOD'PS: 4A2 S&P: AA-

INTL LEASE FINANCE CORP 10/05/06 3,000 2 ,888 98.2900 2,948.70 59 26. 25 105 3.56

GL8 03.500% APR 01200.9MOODYS: Al S&P: AA- -

A RESIDENTIAL CAPITAL 10/05/06 3 ,000 3,010 62.2500 1,867.50 (1,142)

COMPANY GUARNT' STEP% FEB 22 2011MOODY'S: BA3 S&P: BB+ ORIGINAL UNIT COST. 100.48

STATEMENT 17009

S^1

B P, LESTER & REGINA JOHN FDN Account Number: 54F-04041

YOUR EMA ASSETS December 01, 2007- December 31, 2007

CORPORATE BONDS (continued) Adjusted/I'otal Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

RESIDENTIAL CAPITAL 09/10/07 1,000 778 62.2500 622.50 (156)COMPANYGUARNT STEP% FE'B 22 2011MOODNS: BA3 S&P: BB+

Subtotal 4,000 3,788 2,490.00 (1,298)

A XEROX CORPORATION 11/10/06 2,000 2,072 104.6130 2,092.26 20 51.94 137 6.5706.875% AUG 15 2011 MOODY'S: BAA2 S&P: BBB-ORIGINAL UNIT COST: 104.75

ISTAR FINANCIAL INC 11/14/07 2,000 1,780 89.3620 1,787.24 7 33 .27 113 6.3205.65096 SEP 15 2011 MOODY'S: BAA2 S&P: BBB

A DUKE ENERGY CORP 10/05/06 2,000 2,073 105.4450 2,108.90 35 57.64 125 5.92UNSUBORDINATED 06250% JAN 15 2012M00DY'S: A3 S&P: A- ORIGINAL UNIT COST.- 104.90

A BANK OF AMERICA CORP 09/14/07 3 ,000 3, 100 105.0080 3,150.24 50 39.58 187 5.95GLB 06.250% APR 15 2012 -MOODYS: AA1 S&P: AA ORIGINAL UNIT COST: 103.57

A KRAFT FOODS INC -10/05/06 2,000 2,064 103.8840 2,077 .68 13 10.42 125 6.01GLB 06.250% JUN 012012MOODY'S: BAA2 S&P: BBB+ ORIGINAL UNIT COST. 104.24

GENL MOTORS ACCEPT CORP - • - 08/15/07 2,000 1,820 83.7960 1,675.92 (144) 45.83 137 8.20UNSUBORDINATED GLB 05.875% AUG 28 2012MOODNS: BA3 S&P: BB+

FORD MOTOR CREDIT CO 01/22/07 3,000 2,883 83.5390 2,506.17 (377) 5250 210 8.37NOTES GLB 07.000% OCT 012013 -MOODY'S: B1 S&P: B

USD GOLDMAN SACHS 10/05/06 2,000 1,963 98.9860 1 ,979.72 16 47.49 103 5.20

5.150% JAN 15 2014 MOODY'S: AA3 S&P: AA-

USD GOLDMAN SACHS 09/14/07 3,000 2,892 98.9860 2,969.58 76 71.24 154 5.205.150% JAN 15 2014 MOODY'S: AA3 S&P: AA-

009STATEMENT 17

UV%QVUD uu2uie

BP. , LESTER & REGINA JOHN FUN Account Number:54F-04041TOTAL MERRILL'

YOUR EMA ASSETS December0l, 2007 - December 31, 2007

CORPORATE BONDS (continued); ..Description Acquired Quantity

Adjusted/rotalCost Basis

EstimatedMarket Price

EstimatedMarket Value

UnrealizedGain/(Loss)

EstimatedAccrued Interest

EstimatedAnnual Income

CurrentYield%

USD GOLDMAN SACHS 12/21/07- 1,000 992 98.9860 989.86 (2) 23.75 51 5.205.150% JAN 15 2014 MOODY'S: AA3 S&P: AA- .

Subtotal 6,000 5,849 5,939.16 90 142.48 309 5.20

MORGAN STANLEY 10/14/04 3,000 2,941 93.6850 2,810.55 (131) 35.63 142 5.07SUB NOTES GLB 04.750%APR.012014MOODY'S: Al S&P: At

MORGAN STANLEY -09/14/07 2,000SUB NOTES GLB 04.750%APR 012Q14MOODY'S: Al S&P: A+ _

Subtotal ' - 5,000

WASHINGTON MUTUAL INC -' 05/11/07 4,000SR SUBORDINATED GIB 04.625% APR 0,1 2014MOODY'S: BAA3 SB(P: BBB+

CITIGROUP INC' 09/14/07 4,000SR SUBORDINATED GLB 05.000%SEP 15 2014M00DNS: Al S&P: AA-

CIT GROUP INC. Q4/26/07 1,000

GLB 05.000%.FEB 012015MOODY'S: A2 S&P.• A . " .,

CIT GROUP INC 09/14/07 3,000GI.B' 05.000% FEB 012015• • -M00DY'S: A2 S&P, A,

Subtotal 4,000

BEAR STEARNS CO 03/29/07 3,000GLB 05.300% OCT 30 2015MOODY'S: A2 S&P: A

1,874 93.6850 1,873.70

4,816 4,684.25 (131)

3,759 78.1300 3,125.20 (634)

3,842 95.2840 • . - 3,811.36 (30)

954 86.9270

2,583 86.9270

3,538

2,947 91.6150

,869.27 (85)

2,607.81 24

3,477.08 (61)

2.748.45 (198)

23.75 95 5.07

59.38 237 5.07

46.25 185 5.91

58.89 200 5.24

20.83 50 5.75

62.50 150 5 75

83.33 200 5.75

2650 159 5.78

009 STATEMENT 17

B P, LESTER & REGINA JOHN FDN Account Number., 54F-04041

YOUR EMA ASSETS December 01, 2007- December 31 , 2007

CORPORATE BONDS (continued) Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

BEAR STEARNS CO 09/14/07 7,000 6,450 91.6150 6,413.05 (37) 61.83 370 5.78

GLB 05.300% OCT 30 2015M00DNS: A2 S&P: A

Subtotal - 10,000 9,397 9,161.50 (235) 88.33 529 5.78

UNITEDHEALTH GROUP 10/18/06 3,000 2,945 98.0140 2,940.42 (4) 47.48 161 5.48

05.375% MAR 15 2016 MOODY'S: A3 S&P: A-

LEHMAN BROTHERS HLDG 03/29/07 3,000 2,993 95.6840 2,870.52 (123) 39.87 165 5.74

NOTE 5.500% APRIL 04 2016 -M00DY'S: Al S&P: A+ - -

A CAPITAL ONE FINANCIAL CO 10/18/06 2,000 2,018 88.7350 1,774.70 (244) 41.00 123 6.93

SUB NOTES 06.150% SEP 012016MOODY'S: BAA1 S&P: BBB ORIGINAL UNIT COST: 101.12

,A USD TELEFONICA EMIS 10/17/07 3,000 3,089 103.8990 3,116.97 27 92.80 186 5.98

COMPANYGUARNTGLB 06221%JUL032017 -

MOODY'S: BAA1 S&P: BBB+< ORIGINAL UNIT COST. 103.04

A LEHMAN BROTHERS HOLDINGS 12/19/07 3,000 3,055 103.0700 3,092.10 37 5.63 202 6.54

SUBORDINATED SER MTN 06.750% DEC 28 2017MOODY'S: A2 S&P: *** ORIGINAL UNIT COST: 101.83 -

LEHMAN BROTHERS HOLDINGS ' 09/14/07 3,000 2,975 102.5870 3,077.61 101 87.75 197 6.42

SUB NOTES 06.500% JUL 19 2017MOODY'S: A2 S&P.-***

A SPRINT CAP CORP 10/05/06 1,000 1,011 93.0000 930.00 (81) 8.78 68 7.39

COMPANY GUARNT GLB 06.875% NOV 15 2028

MOODYS: BAA3 S&P: BBB ORIGINAL UNIT COST. 101.39

A SPRINT CAP CORP ^ - 05/11/07 6,000 6,017 93.0000 5,580.00 (437) 52.71 412 7.39

COMPANYGUARNT GLB 06.875% NOV 15 2028MOODY'S: BAA3 S&P: BBB ORIGINAL UNIT COST.- 100.32

009

STATEMENT 17

582216800028750004 0043906 002876

B P, LESTER & REGINA JOHN'FDN Account Number 54F-04041

YOUR EMA ASSETS

1B11TOTAL MERRILL*


CORPORATE BONDS (continued ) Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription V Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yreld%

SPRINT CAP CORP' 10/17/07 1,000 962 93.0000 930.00 (32) 8.78 68 7.39

COMPANY GUARNTGLB 06.875%NOV 152028

M00DY`S: BAA3 S&P: BBB -

Subtotal-. - . , - 8,000 7,991 7,440.00 (550) 7027 550 7.39

MIME WARNER INCORPORATED' 10/05/06 1,000 1,003 98.4520 984.52 (19) 8.47 66 6.72

COMPANY GLIARJ'T . 06,625% MAY 15 2029MOODY"S: BAA2 S&P: BBB+ ORIGINAL UNIT COST: 100.43

SLM CORP 04/18/07 2,000 1,672 77.2940 1,545.88 (126) 46.88 112 7.27

-NOTES SER MTN 05.625°% AUG 012033 .-MOODY'S: BAA1 S&P: BBB+ V - -

US WEST TELECOM INC - - - 08/0-3/07, 2,000 1-1800- 92.2500 1,845.00 45 40.49 137 7.45

DEBENTURES 06.875% SEP 15 2033MOODYS: 8.41 S&P' BSB;

SBC COMMUNICATIONS V 10/05/06 3,000 2,935 99.8330 2,994.99 59 54.32 184 6.16

GLB 06.150% SEP 15 2034 . ; VMOODYS: A2 S&P: A

USD TELECOM IT CAP 05/03/07 4,000 3,730 97.2410 3,889.64 158 60.00 240 6.17

SER 4VI (i.0Q0°%b SEP 30 20,14 -MOODY'S: BAA2 S&P: 138B+<

COMCAST CORP 10/05/06 3,000 2,704 91.5340 2,746.02 41 7.53 169 6.17

COMPANY GUARNT 05.650% JUN 15 2035MOODYS: BAA2 S&P: BBB+

COMCAST CORP 08/22/07 5,000 4,318 91.5340 4,576.70 257 12.56 282 6.17

COMPANY GUARNT 05.650% JUN 15 2035 -M00DYS: BAA2 S&P. BBB*

Subtotal 8,000 7,023 7,322.72 298 20.09 452 6.17

WAL-MART STORES 12/07/06 3,000 2,862 88.7010 2,661.03 (201) 52.50 157 5.91

GLB 05250%SEP 012035MOODY'S: AA2 S&P: AA '

STATEMENT 17009

VV4i)v) YYiol^

B P, LESTER & REGINA JOHN FDN

YOUR EMA ASSETS

Account Number: 54F-04041

December 01, 2007- December 31, 2007

CORPORATE BONDS (continued) Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yeld%

NEWS AMERICA INC 10/10/06 2,000COMPANY GUARNT GLB 06.400% DEC 15 2035MOODYS: BAA2 S&P: BBB+

XTO ENERGY INC ' 10/05/06 2,00006.100% APR 012036 MOODYS: 8AA2 S&P: BBB

A EMBARQ CORP 02/07/07 3,00007.995% JUN 012036 MOODY'S: BAA3 S&P: BBB-ORIGINAL UNIT COST: 106.37

A WEATHERFORD INTL INC . 41/01/06 2,000COMPANY GUARNT 06.500% AUG 012036MOODYS: BAA1 S&P: BBB+< ORIGINAL UNIT COST: 103.55

JC PENNEYCORPORATION IN 08/21/07 2,000SENIOR NOTES 06.375% OCT 15 2036MOODNS: BAA3 S&P: BBB-

HOME DEPOT INC - - 09/27/07 4,000GLB 05.87591; DEC 16 2036MOODYS: BAA1 S&P: BBB+

VODAFONE GROUP PLC 03/07/07 2,000GLB 06.150%FEB272037MOODYS: BAA1 S&P: A-<

VODAFONE GROUP PLC 05/15/07 1,000GLB • 06.150% FEB 272037MOODYS: BAA1 S&P: A-<

Subtotal - 3,000

TALISMAN ENERGY 05/31/07 2,000NOTES 05.850% FEB 012037MOODY'S: BAA2S&P: BBB+<

009

1,948 101.1650 2,023.30 75 5.69 128 6.32

1,981 97.6220 1,952.44 (28) 30.50 122 6.24

3,184 105.3840 3,161.52 (23) 19.99 239 7.58

2,067 99.8640 1,997.28 (70) 54.17 130 6.50

1,856 89.3610 1,787.22 (69) 26.92 127 7.13

3,409 84.3900 3,375.60 (33) 9.79 235 6.96

1,977 98.7620 1,975.24 (1) 42.37 123 6.22

989 98.7620 987.62 (1) 21.18 61 6.22

2,966 2,962.86 (2) 63.55 184 6.22

1,793 93.4990 1,869.98 76 48.75 117 6.25

STATEMENT 17

C1 . I

B P, LESTER & REGINA,JOHN-FDN

YOUR EMA ASSETS

Account Number : 54F-04041

is"

TOTAL MERRILL'

December 01, 2007- December 31, 2007

CORPORATE BONDS (continued), Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription • - Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

GS MTG SEC II CMO 2005 10/19/06 3,000 2,861 95.8572 2,875.71 14 11.88 142 4.95GG4 A4A04.751%1UL1039' AMORTIZED VALUE 3000 - -MOODYS: AAA S&P: AAA . ,

GS MTG SEC II CMO 2005 09/11/07 13,000 12,518 95.8572 12,461.43 (57) 51.48 617 4.95GC4 A4A 04.751%JULZ0 39 AMORTIZED VALUE 13000MOODY'S: AAA S&P: AAA •

Subtotal 16,000 15,380 15,337.14 (43) 63.36 - 760 4.95

COMM , ,.CM02006 -10/05/06 4,000 4,160 103.5744 4,142.97 (17) 19.24 230 5.56

C7 A4 VAR, JUN10 46 AMORTIZED VALUE 4000

MOODY'S: *** S&P: AAA -, - ; -

COMM • CMO 2006 03/07/07 14,000 14,612 103.5744 14,500.41 (112) 67.34 807 5.56C7 A4 VAR JUN10 46 AMORTIZFD,VALUE 14000MOODY'S: *** S&P: AAA - -

Subtotal 18,000 18,772 18,643.38 (129) 86.58 1,038 5.56

TOTAL 161,000 156,028 152,653.76 (3,370) 1,903.86 8,925 5.85

Cu mulativeMUTUAL FUNDS/CLOSED END FUNDS/UIT Total Client Investment Total Estimated Estimated Unrealized Estimated CurrentDescription - ' . - . Quantity In vestment Return Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

LOOMIS SAYLES HI INCOME~- ----^^ ---^^ 950 -- 9,861 - Y --m- (361) -9,861 - 10.0000 - ---9--, 5--0-0".'0'*-0-9,5-00.00 ------ ----- ,-7-3-2 7.71

OPPORTUNITIES FD CL N - -s ^t^nr • + $inx i„^tL I Pi,uthacp• i n[^^LOii-_,

Subtotal (Fixed Income Funds) (361) 9,861 9,500.00 (361) 732 7.71

009 STATEMENT 17

Merrill L nchv Account No.54F-04040

B.P., LESTER & REGINA JOHN FOUNDATION.

EIN #23-7110263

12/31/2007

Taxpayer No.23-7110263

Page6 of 11

2007 CAPITAL GAIN AND LOSS TRANSACTIONS

Date Acquired Date Liquidated Amortization/AccretionSecurity Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or ( Loss)

LONG TERM CAPITAL GAINSCOLUMBIA MARSICO GROWTH 2041.8580 09/22/05 05111/07 40,000.00 34,711.57 5,288.43

CLMBIA MARSICO GRW CL C 3841.0000 09/22/05 08/29/07 76,205.44 65,297.00 10,908.44

8259.0000 12/14/05 08/29/07 163,858.56 148,661.98 15,196.58

JOHN HANCOCK CLASSIC 3074.8210 11/07/03 05/11/07 90,000.01 58,144.86 31,855.15

DWS DREMAN SM CAP VAL 795.9670 12/13/05 05/11/07 30,000.00 27,190.22 2,809.78

LORD ABBETT BOND 3041.3630 06/11/03 05/11/07 25,000.00 23,509.72 1,490.28

IVY GLOBAL NATURAL 469.6310 12/13/05 05/11/07 15,000.01 12,257.35 2,742.66

BLACKROCK INTL OPP 924.8550 12/13/05 05/11/07 39,999.98 31,112.12 8,887.86

Subtotal 480,064.00 400 ,884.82 79,179.18

NET LONG TERM CAPITAL GAIN (LOSS) 79,179.18

TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDSDIFFERENCE

SrA1EM ErcT- t s

480,064.00 400,884.82 79,179.18

480,064.00.00'

1 yr5!n 3^ t^ R y ., h^ l^ . ,•4t{ @p :t p^ ,^,iv n n^ .c. ^ rora. ytrT ^^Y @ 7^.^ h• - J[/^Rxad +'^ •aait '• 1:ej ! 1 J)^vs^.uip rµo ^ri^''5q N,^ q "'!i `'rr^. r,7i' tF i[[i5- N, f+^l.hW+,a,Qy )r f+ i , ^<,^ .Pt {q^ .[ n^îTi^"F.^4iWF4'9.a '^FaY9 '`sÂ' a J}, Ln 'f^ fJr ih-f'.''',`t°Q .rY xt 6'7 ât F%,i:.t •+ r)f 44tl A3o

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B P LESTER & REGINA JOHN FDN . ^' , ,C 9Îtxr,^tT ^îs`saê >bn< d !t 9^ ^•7,N2 -^ i 'fi.. ^5,^'9s^s, - ^+Abr&mm^^ftaa 1;&i^..••¢'rit'}ahâL

B.P., LESTER & REGINA JOHN FOUNDATION

EIN #23-7110263

12/31/2007

MERRILL LYNCH #54F-04041

REALIZED CAPITAL GAIN AND;zASS SUrr.,Fr4 Gf af.'ixe

Date of Acaul'sltiojr,'PIDate of LIquidatior ^ F .

5,000.0000 US TSY 3.375% FEB 28 2Q.Q7q•<4f•rr^',','j^fit 01/25/07 `^N1awg.y^ /(^5/06 d ( 1 ^ " ^' ^

4,991.805,000 .0000 US TSY 4.000% AUG 31'1007

,î•r,vJ.A

. , R^ l•• •• ^^++l n ue „G6^tQ QÔ 7705/06 i , r 1 I / 967 . 194,13,000 .0000 US TSY 4.000% AUG 31 20•R74 t+ A^+S / lQ7UOi 2S0/05/061 ? ^,•n.-" dy D,. X a'y am " h,t^ ° F} 2,914.69

2,000.0000 US TSY 4.500% FEB 152038 ^:y^

'^t Y'. YfY"I.r)

nprlN o

r^^; ^c°•„âl +J'i511 /16/0^;;„ max, /2;^fQ,7„^NM ` '

',; 8;1;89,3.135,000.0000 > ÛS TSY 4.625% MAR 31 20Q

Fd to aYr.•r•a:'hl•'r+;v; r /t„',•

op 1s,.t lis rl01/22/07 .Fnr GCrft4v;•c10/05 /06 i; w /a r; ^.. p'yt,l• 4,^1^G+.98

I,J

000 00009,

FNMA P894312 06%2036.°4"«`, 1Ql05(,Qf 01/23/07,u),k It.,000.00002 ANADARKO FIN CO 7.50% 0314 >`". ":er 10/0^/06sì -*^+•^ ^ 02/12/O7 4? Rs uv ' °'' nz''^S22 T £ 1,

00002 000 EOP OPERATING LP 4.75% 1'4 igo-1 11/14/06' ^4x ;;,r„• 02/09/07;1i^% ,Ir fi ° 2,0, N00 V 'Y-1,, .3,000 .0000

tEMBARQ CORP 7.08%JUNO1116'

+Nf ;'K 10/05/06 02/07(4,

`

M3,¢436 {;^s,'•t;p

000.00002 FORD MTR CREDIT 7.00% 2Q;J3; 01/22/07 02/1,(.0 A1%' ^P32.00 ^knA1,.

'

vry

11 ., 'i19^JS •e dO fjJ l•%Y !N'

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Statemehrl Period Account No.X 00'W405 Year Ending 12/31/07 54F-04041

60600 11.01

'C^4 MFNi 9 :p a-6E I F 3

Cost Basis

4,967.974,960.1512,896.411,927.894,991.608,723.402,295.981,913.183,065.811,922.50

Gain

23.83 ST7.04 ST18.28 ST(34.76) ST(15 621 ST(8.12)ST(69.22) ST86.82 ST16.55 ST9.50 ST

- k r w^ 3 ^w17,pr •.,. v+b,1 ,T.•,,,:r ,- •R, ^4 Ae! 'r iot ')^vo-rt•Y,f +{'f}p ^'( ^1`gip,N S s S^p n.{nî Â1a,Z„rg :'rp•°4c aa tp,^4 a •r irX

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^ ¢F SJ?y ^C,a{ k'^^d n ed, nA^{i•$.^r^s^j, r ^ fcs.a"rr^â;^7r +ia^Na '^rtF Fraj Tu d^ ,^ y ^ ,^ r ^,q, :u 71 , ^ ^ • u as 1 ' " • ," e 4 Y d 4' (, , 'F x ".^' ^w.W n^ff S i,' ,l".p*_:•t 7ii"',r•$nr^^,p 'y+^';px^fi n,.'• •'„x ti^ n x118P't^. d' '^'''Fi^}^yi,` 474t'A44rd

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,'f"Gî'v6$Â r v. 2.5.,. a rB P LESTER & REGINA JOHN FDN Fve7.unY^,: r,1s s^11ma"4^ iI; .Hs

Quantity Security Description

REALIZED CAPITrAL GAIN AND LOSS SUMMARY,w ^> a •,, er ,t ,

rc Date of Acgu is i t iorl'v f a e`,ôf Liqui dation Sale Price Basis or

3,000.00002,000.00002,000.00004,000.0000

37,000.000018,000.000014,000.00001,000.00002,000.00001,000.00002,000.00006,000.00001,000.00004,000.000010,000.000061,000.00005,000.00001,000 00001,000.00001,000.00001,000.0000

70,000.000074,000.00002,000.00002,000.00002,000.00002,000.00001,000.00004,000.00001,000.0000

13,000.000023,000.000018,000.00002,000.00002,000.00003,000.00004,000.00002,000.00002,000.00002,000.0000

RESIDENTIAL CAP 6 . 00%°%2CSPRINT CAP CORP 6.87°%q^ l

TIME WARNER INC 6.626jlUS TSY 3.375% FEB 28 2,0FNMA P902354 05 50%203FNMA P902354 05 50%20NFNMA P907250 06%266!ALBERTSONS INC 7.45°/f;bGENL MTRS CORP 8.37% 2(GENL MTRS CORP 8.37% 2(US TSY 4.750% MAY 15 20US TSY 4.000% AUG 31 20US TSY 4.500% FEB 15 20

US TSY 4.500% FEB 15 20:US TSY 4.500% FEB 15 EQFNMA P256636 05 50% 21D3j

US TSY 4.500% FEB 15X10:US TSY 4.500% FEB 1'S` 26US TSY 4.500% FEB 1'6'0US TSY 4.500% FEB SYd28:US TSY 4.500% FEB's'(5520,FNMA P745515 05 °O36FNMA P256597 05 50/6k03'KINDER MORGAN EN '00XTO ENERGY INC 6.1 0W;L0US TSY 4.000% AUG 3 2CUS TSY 4.500% FEB 15"biUS TSY 4.625% MAR 31hj'2^-(US TSY 4.625% MAR 3 i(US TSY 4.625% MAR 3,1 (FNMA P894126 05 50%202FHLMC JO 3849 05%20•;1'FNMA P900300 06%2036US TSY 4.000% AUG 31 ^(US TSY 4.000% AUG 31 2(US TSY 4.000% AUG 31 2(US TSY 4.000% AUG 31 2(ALBERTSONS INC 7.45% 2(ENERGY TRANSFER P 5,95'

ONEOK PARTNERS LP 6.65'

ti.ii ..,ter :S , •ri'Îi•7^ ' 3,013.42 11.90:YU2/U7107%Iixl.tsi^v ^00hy^5i;'tP;

42 (10.57)

STST

18 Jt;SY:±s'1ru •^,1^/Qy 106u)'1Y

yr;i O2/07/O7 {.,,,Z n'a4,1;'nwt*h`fY0.2,^lI^Sr"^52... ,n' 2,027. ( )

?9 10/05/d6 ^^2/07/07 M1< -1;En:)eF '^"'`••°St N+1.2,062.88 Y 2,008.56 54.32 ST

rC 10/05/06 '.7' 02/28/07 ,,0.00+00}^ g'4 3,974.38 25.62 STtRba, /^ '`î^^`+to. aur, ttun. xs^ 35,937.82 (214. 19) ST'^M1'r4+^„ 10/17/ ,6 au",+r,'.*; t•o02/07/074•rrF: ^' -.,n3^y^^+$p^^y:O,^yed$=•,ar,1 r su Y •^(i',nt J1p^q,py ;i wii4.i,( 17,x78) 27 '" 17,412.41 175.06 ST

10/24/06" ,02/U7107t&Tt 7.57 STxTaw^sÎ,- n^^. ,01,72 /0{Ir' ter` °LO +^ att02/07/07'$y1 13,926.06 13,918.49

A`ô,t.: px¢ k°, i^T9fiL+Y trp^fy,''r^*R ^6/06^>'t^^;•^np^ ,^â6^f07/07^^;;;s^ 1,012.10 944.55 67.55 ST

9"`.'!I" 1Q^"' " u02/28/07 1,855,00 1,902.50 (47.50) ST

Vn,tl 01Y2 `b7 `^ `-iIfN4:,aa"' ° s%' u 927.50 947.50 (20.00) ST

13 ^j/ taiylz.UA 7 7 02/28/07

u 3r;;' k %Qt/2$% 7 'rF 03/07/07 `4l;^yir^9U; t',• 2,031.09 2,007.39 23.70 ST1,;58,,^7234 5,952.19 200.

ST15.15 STr^.1U/0"S/06

07/06 ,x03/07/07 "u f;y yr^l,y,;r

!%H4d3/07/07 983.32 (1,7181ospr;^T 12/,, , /y01/ 5/07 1u6/07/07 3,8J^.2 {qy :,a^^„ 3,736.87 154.38 ST

01/25/07 'o-^108/07 9,722.66 9,342.19 380.47 ST

02/07/07...o,0308

07076014,729495.69

.97 u'; ^wY •^ 60,220.18 275 79 ST

01/25/07 0472 4,671.10 58.59 S

02/13/07 0^"i s %b7, 945.94 c'ys 937.49 8 45 ST11.21 ST02/13/07 948.71 937.5004'A;t%4,M1;*

VI 02/13/07 04`/ /073hY^f° 939.92 937.51 2.41 ST

02/28/07 939.92 G'968.70 (28.78) ST

na'ytl7 10/24/06 )474127/07 r•;^^.., 62,504.85 -11.112 $ :' 61,896 .92 60i'83 ST

03/08/07 +04/26/07 vf ^„"w;y 1 l6tS4nip , U•''" 72,427.45 (4 8 0 91) ST-,A11^ •/26/07 ^. ^yd3n1;93 pg -

W.1,916.03 1 /.s! 5I

13 aenb410/05/06 „riFT`J+

,t'yY^bO 98 1,981.04 (20.06) ST1 0/05/06 f a °S a^ 05/15/07 pad+'

7 10/05/06, fl" 05/11/07 x 19 ;¢1 1,984.06 10.55 ST

+'v^ °'bNU'r 1,89818.3 1,937.43 (38.60) ST02/28/01j;!•fg,• 05/11/07 ty,

+/ n 996t6r0 ,` x 998 .32 (1.72) ST10/Q5^06kfi 05/03107va *4 -,Q

i$"•"rn 10/05?^ /t^, ouilkl C 05/11/07 tt ptsFy 3,988, ^$ 3,993.28(0.40) ST8,yrp;, WSW, ' tt;;v 05/11/07 e ^ ^r 997.04

{15/06 :( 105/18/07 e, 12,491.84`^1g^p 12,550.56 (58.72) ST'POss1 ;h^ • t u'î 411m ;w•d is (106 27) ST

,:10117/06 OS/30(Ojg„ Mû'^+sy5^h 21,414.58 s^ ; "r qe ^ b 21,520-85126.43 ST

u 02/07/07 r..".:-ti ;,t 2'9/07,u 15,402,73Dc:::, ,,,,n •ars.ta Yh;H:,s 7. c,; 7 1iny.,,A slrn P,tr,

^vau ,x„ ti.• fw, iron i rn„a +,•, J. 11.56 ST7S I 10105/06.:1 L 1 ^;:^•â7 , 05%311if7+w"." 1 995.63 1984.04f 417q? ,. ,^.,, 6a{v ,.'.4 iEls6 1/167b6'

itLr Ry; ^ 4 r ^n 4•l Ilr'ry'a` ^,•M1 96,1r Ai. 1,983.83 12.18 ST1J7. Fu,lrylIfFY»w*' U-1-' s 06/(f>^/b7 ?'e s y ;4•'l';:at,,.., s ^;ay„ 1'; 2.193.4103 +"••• 2,98008 1395 ST

It,^siYt'gZ107/06 +iry

06/08/075V/077fb6^ •, '^' " 06/14/01 :f s 3t^,xûF n -r 3,973.44 19 37 ST

41e (ry l 1( •' ck' 06/27/(/7.,, 11'86 1,889.13 52.43 ST'SL•i9, IO7V^!twl 9y.., r.u •P,1%10

11/06/06 2,017.57 (54.75) ST07/17AQ7,11/06/06 07/1, 2,057.31 (84.95) ST

1, ,S&;1- eî .36yy ,•;yorFh tour .r., 'âane :^•rve^ ,,,'F,f;;,

St tit6 t°Feriod Account No. ch, r;r„<;iaszurf;izj

x 740$ Year Ending 12/31/07 54F-04041

:STATEMENT- 19 9&4 's Ill 1111111 I I^ 1111 II II1111 I III III I 1111111 I DI III II532051990002550022

Merrill Lynch

B P LESTER & REGINA JOHN FDN

Quantity

REALIZED CARf1AL GAIN AND LOSS SUMMARY

Security Description Date of Acquisition ;;" Date of Liquidation Sale Price1

Cost Basis Gain or (Loss)

5,000.0000 US TSY 4.500% MAY 15'29,17 ;^ r, ;^,,., ;q;,,Q6ft4/074 1

•+' ^ ;.' 7/16/07 Y; <•<• , ^,,,,4i78,6^52: ; a^;;` ":' 4723.43 63.09 ST1,000.0000

?<.;. AXEROX CORPORATION 6: Z°lp 11 e+,,,..rY••1,•

1t/<1Q/ 6"^ ,,' "1'08/03/07

r1,: +r,^nr, .t.i ;^f; ;;,11r\ ;' 1040.22 0.68 ST

000.00004;•

CITI CC ISSUANC ABS 2004t'u 10/05/0G "''" ;08/27/07 ',"r ' ' • v' 4000.00000.00 •^ ' + 933.753 66.25 ST,2,000.0000 U.S. TREASURY STRIP PRlhlt`.•r"1„ 10/05/06

.",;-•;,;08/21/07

Ar^ #.:"•^p; ^-°^ `"^'^'"_'(•`• 1 $81.7..:^`^°s^'•

,1,158.08 (19.91) ST

3,000.0000 U.S. TREASURY STRIP PRlftv'"; 10/05/Q6.,-.•;"`'•'•"--V:08/22/07J

737.82 (32.08) ST2,000.0000 US TSY 4.500% MAY 15 ?j7;,; ;,; rY,'•r x^ 06/14/,Q7 ^ ^, :: z Q8/22/07 +: , 1;9781.20" 1,889.38 88.82 ST2,000.0000 US TSY 5.125% MAY 15;2,Q1,6;`wk^: 04/26/07;,•,;, -1,f ,;"09!11/07;^=+., .' . 2,115.00 2,060.93 54.07 ST5,000.0000 US TSY 4.875% JUN 30 20091°; 07(,17107, y • •' ;,' s ] 09/11/07 5 077.34 997.664 79.68 ST5,000.0000 FNMA P902002 06 50%2036 10/24;;Q6' 09/18/07

,2,871.98

,2,868.01 3.97 ST

23,000.0000 FNMA P922039 05 50%2037 04/26/07 09/14/07 °;1^':; :or.• 22 144.23 260.4122 (116 1e) ST

13,000.0000 FNMA P922039 05 50%2037:' :1 •° 04% /Q7 09/27/07,

12,501.38`N'°' ; ";^„^"••`•,

12,581.97 (80 59) ST

12,000.0000 FNMA P916940 06%2037 g4J,'" ,^ 1,,,Q^S/25/07 09/18107,1I, ,6,6 11,870.68 12.99 ST

5,000.0000 FNMA P916940 06%20371;nT$ : 05/?„gf07 ',QUO/27/07 '4,958.3 0:'U 4,946.11 11 99 ST

2,000.0000 FNMA P936519 06 50%2037I'^` 06/19/07 109;{18/07 1,995.79 4R,j,ryrl , 1,985.36 10 43 ST

1,000.0000 FNMA P936523 05 50%20 7{ 08/29/07 9/14/07Q ( 976.65 ^..;`. 973.08 3.57 ST2,000.0000 FNMA P942283 06%2 37;` 07/16/07 09/27/07 1,994.00 1,961.07 32.93 ST

5,000.0000 VALERO ENERGY COR 6vfo 37 06/08/07 10/1,7/07 5,115.75 4,887.20 228.55 ST4,000.0000 US TSY 4.625% JUL 3 1!2 12 09/18/07 121.10/07, 4,189.38 4,062.13 127.25 ST1,000.0000

1 ,US TSY 4.825% JUL 3201'.2. 09/18/07 n ^'1 r21,046.45121 1,015.50 30.95 ST,

TOTALS 527,736 526,016 1,720 ST

° ' V447407

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s = = 5¢"; :'

Year Ending 12/31/07 54F-04041

6060D 11-01

0

STATE ME WT k°l PA SE 3 OF 3


EIN #23-7110263

12/31/2007

UBS FINANCIAL SERVICES

2007 Realized Gain/Loss - continuedEstimated 2007 Gall for transactions with trade dates through 12131/07 have been Incorporated Into this statement. The cost basis of the oldest lot (first-in, first-out or FIFO method of accounting) is assigned to a

sale to calculate Gain/Loss unless you Identified a specific lot (a 'versus purchase" or'VSP' order) when you placed your sell order. An asterisk (*) Indicates a t)BS Financial Services adjustment to cost basis.

The number '1' Indicates cost basis Information has been provided by a source other than UBS Financial Services. GainlLoss may not be adjusted for all capital changes . Cost basis for coupon tax-exempt municipal securities

(including securities subject to AMT) has been adjusted for mandatory amortization of bond premium. 'Earnings' In the Purchase Date Column indicates that GalnfLoss has been aggregated. Please rely on the confirmations and

statements previously provided to you as your official activity record. Activity marked as 'tlnclassifled ' cannot be Classified as short-term or long-term due to missing Information or the product to one for which a Gain/Less

calculation is not provided .

Quantity/ Purchase Sale Sale Purchase

Security Description Method Activity Type Face value Date Date Amount Amount Gain/Loss Holding Period

JOHN HANCOCK HEALTH FIFO Trade 1,242.411 08/ 16/06 06/12/07 48,426.64 55 ,710.88 -7,284.24 short Term

SCIENCES FUND CLASS A FIFO Trade 3,842. 348 08/16/06 06/21/07 150,000.00 172,294.49 -22,294.49 Short Term

FIFO Trade 4,329.766 11/21/06 07/18/07 170, 198.39 165,830.04 4,368.35 short Term

FIFO Trade 491.241 08/16/06 07/16/07 19,310.15 22,027.71 -2,717.56 Short Term

MICROSOFT CORP FIFO Trade 1,400.000 09/12/03 04/10/07 39,580.33 38,915.95 664.38 1 Long Term

FIFO Trade 100.000 09/12/03 04/10/07 2,827.17 2,780.54 46.63 1 Long Term

FIFO Trade 1,500.000 09/12/03 04/10/07 42,407.50 41,723.19 684.31 1 Long Term

FIFO Trade 4,000.000 11/18/04 04/10/07 113,086.66 109,684.02 3,402.64 Long Term

UNTS CLAYMORE HEALTHCARE FIFO Trade 25,290 .000 03/30/06 02/06/07 276,576.50 266 , 179.78 10 ,396.72 short Term

PORTFOLIO SER 2 CASH

UNTS CLAYMORE CLOSED-END FIFO Trade 21,605.000 03/03/06 05/24/07 248,705.96 223 , 348.17 25,357.79 Long Term

EQUITY & INCOME PORT FIFO Trade 17,069 . 000 03/08/06 05/24/07 196 ,489.79 172,897 . 02 23 ,592.77 Long Term

SERIES 3 CASH

UNTS CLAYMORE PERONI FIFO Trade 24,732. 000 04/07/06 02/12/07 281 , 027.24 249,998.48 31,028.76 short Term

GROWTH PORTFOLIO, SPRING2006 SERIES CASH

UNTS CLAYMORE HEALTHCARE FIFO Trade 14,477.000 07/ 18/06 04/11/07 146,853.24 135,187.41 11,685.83 Short Term

PORTFOLIO SERIES 3 CASH FIFO Trade 19,896 . 000 08/16/06 04/11/07 201 , 823.03 194,726.12 7,096.91 short Term

UNTS CLAYMORE PERONI FIFO Trade 20 ,000.000 09/ 13/06 09/07/07 207,680.00 198,000.00 9,680.00 Short Term

GROWTH PORTFOLIO AUTUMN FIFO Trade 4,242.000 09/13/06 09/18/07 45,828.02 41 ,995.80 3,832.22 Long Term

2006 SERIES CASH FIFO Trade 24,852 .000 10/06/08 09/18/07 268 ,486.10 249,993.72 18 ,492.38 Shot Term

FIFO Trade 4 ,256.000 10/ 11/06 09/18/07 45,979.27 42,869.41 3,109.86 Short Term

FIFO Trade 20,563 . 000 10/11/06 11 /06/07 237 ,741.18 207,124.93 30 , 616.25 Long Term

UNTS CLAYMORE INTERNAT FIFO Trade 15,018 .000 12/01/06 11 /02/07 181,797 .40 149,999.78 31,797.62 short Term

EQUITY DIVIDEND INCOMEPORTFOLIO SER 4 CASH

STA-M ENT -2-o P,446 R i of 7-

2007 INFO / LL 65534 KSOil


EIN #23-7110263

12/31/2007

UBS FINANCIAL SERVICES

2007 Realized Gain/Loss - continuedEstimated 2007 Galn/Loss for transactions with trade dates through 12131107 have been Incorporated into this statement. The cost basis of the oldest lot (first-in, first-out or FIFO method of accounting) is assigned to asale to calculate Gain/Loss unless you Identified a specific lot (a 'versus purchase' or'VSP' order) when you placed your sell order. An asterisk (tk) Indicates a UBS Financial Services adjustment to cost basis.The number ' s' Indicates cost basis Information has-been provided by a source other than U8S Financial Services. Gain/Loss may not be adjusted for all capital changes. Cost basis for coupon tax-exempt municipal securities(including securities subject to AMT) has been adjusted for mandatory amortization of bond premium. 'Earnings' In the Purchase Date Column indicates that Gain/Loss has been aggregated. Please rely on the confirmations and

statements previously provided to you as your official activity record. Activity marked as 'Unclassified " cannot be classified as short-term or long-term due to missing Information or the product Is one for which a Gain/Losscalculation Is not provided.

Quantity/ Purchase Sale Sale PurchaseSecurity Description Method Activity Type Face value Date Date Amount Amount Gain/Loss Holding Period

UNTS CLAYMORE PERONI FIFO Trade 10 ,269.000 12/13/06 07/16/07 120 ,942.12 99,895.41 20,946.71 short Term

GROWTH PORTFOLIO WINTER FIFO Trade 23,366 .000 01 /05/07 07/16/07 275,190.73 224,998 .22 50, 192.51 short Term

2007 SERIES I CASH

UNTS FIRST TRUST LARGE FIFO Trade 6,174.000 10/17/05 07/20/07 69,430.33 61,029.37CAP GROWTH PORTFOLIO FIFO Trade 24,781.000 11/16/05 07/20/07 278,677.22 249,621.49SERIES 7 CASH

8,400.96 Long Term29,055.73 Long Term

UNTS FIRST TRUST HEALTH FIFO Trade 4,587 .000 04105/08 04/11107 48,221 .36 44, 998.18 1,225. 18 Long TermCARE SERIES 9 FIFO Trade 26,311.000 04/07/06 04/11/07 265,125.43 249 ,991.34 15,134.09 Long TermCASH

UNTS FIRST TRUST FIFO Trade 9,898.000 09/19/06 07/16/07 104,755.48 99 ,993.56 4,761 .92 Short TermHEALTHCARE PORT SER 10CASH

UNTS FIRST TRUST FIFO Trade 19,000.000 02/02/07 09/07/07 202,769.90 191,088.69 11,681.21 short TermTECHNOLOGY SELECT PORT FIFO Trade 886.000 02/02/07 10/04/07 10,094.82 8,910.77 1,184.05 short TermSERIES 22 CASH FIFO Trade 17,517.000 02/06/07 10/04107 199,583.44 174,993.08 24,590.36 short Term

FIFO Trade 8,597.000 04/10/07 10/04/07 97,951.64 86,686.99 11,264:65 short Term

Total Realized Gain/Loss 6,028 ,411.79 5,610,773.43 417,638.36

2007 Realized Gain/Loss SummaryGam/Loss may not be adjusted for all capital changes, or due to missing information.Activity marked as'Unclassified" cannot be classified as short-term or Ion0-term due to missing Information or the product Is one for which a Gain/Loss calculation !s not provided.

NotSale Purchase Gains Losses Gain/Loss

Short-term Gain/Loss: $ 3,481,019.45 $ 3,289,512.54 $ 252,277:84 $ -80;770.93 $ 171,506.91Long-term Gain/Loss: 2,567,392.34 2,321,260.89 246,131.45 246,131.45Sub Total: $ 6,028 ,411.79 $ 5,610 ,773.43 S 498,409.29 S -80,770.93 $ 417;638.36

Total: $ 6,028,411.79 S 5,610 ,773.43 $ 498,409.29 S -80,770.93 $ 417,638.36

5"M'7E MNT PAGE 2 cc 2 2007 INFO / LL 65534 KS

BPJOHN, LESTER AND REGINA CASH CONTRIBUTIONS FOR: 2007

2/27/2008 12:14 PM

NAME: ALASKA RADIO MISSION-KNOM AMOUNT: $2,000.00

ADDRESS: PO BOX 988 DATE: 10111/2007CITY NOME, ALASKA

NAME: ALL SAINTS SCHOOL AMOUNT' $35,000.00

ADDRESS' 601 NE 39TH AVENUE DATE: 3/7/2007CITY PORTLAND, OR 97232

NAME: AMERICAN DIABETES ASSOCIATION AMOUNT' $500.00

ADDRESS: po Box 3085 DATE: 10/11/2007CITY PORTLAND, OR 97208

NAME: AMERICAN LUNG ASSOCIATION AMOUNT: $1,000 00

ADDRESS: 7420 SW BRIDGEPORT RIOAD, SUITE 200 DATE: 12/17/2007CITY TUALATIN, OR 97224

NAME: AMERICAN RED CROSS AMOUNT: $2,000.00

ADDRESS: OREGON TRAIL CHAPTER PO BOX 4125 DATE: 12/17/2007CITY PORTLAND, OR 97208

NAME: ARCHISHOP HOWARD SCHOOL AMOUNT: $5,000 00

ADDRESS: 1105 NE 107TH PLACE DATE: 12/17/2007CITY PORTLAND, OR 97220

NAME: ASCENSION CATHOLIC CHURCH AMOUNT: $20,000 00

ADDRESS. 7507 SE YAMHILL DATE' 12/27/2007CITY PORTLAND, OR 97215

NAME: AUTISTIC CHILDREN'S ACTIVITY PROGRAM, INC AMOUNT: $1,000.00

ADDRESS. PO BOX 4606 DATE: 12/17/2007CITY PORTLAND, OR 97208

NAME. BENEDICTINE FOUNDATION OF OREGON AMOUNT: $1,60000

ADDRESS: 840 SOUTH MAIN STREET DATE' 10/22/2007CITY MT. ANGEL, OR 97362-9527

NAME' BENEDICTINE MISSION HOUSE AMOUNT: $500.00

ADDRESS: CHRIST THE KING PROIRY RR1 PO BOX 528 DATE: 5/14/2007CITY SCHUYLER, NEBRASKA 68661

STATEMENT 2 1

Page 1 of 9

2/27/200812:14 PM

NAME: BLANCHET HOUSE OF HOSPITALITY AMOUNT: $10,000.00

ADDRESS . PO BOX 4145 DATE : 11/23/2007CITY PORTLAND, OR 97208

NAME : CASA FOR CHILDREN AMOUNT : $5,000.00

ADDRESS ' 7031 NE HALSEY DATE- 713012007CITY PORTLAND , OR 97213

NAME: CASA FRANCISCANA OUTREACH AMOUNT: $2,000.00

ADDRESS ' PO BOX 15576 DATE : 5/17/2007CITY SCOTTSDALE AZ 85267

NAME: CATHOLIC BROADCASTING NW INC, KBVM AMOUNT: $5,000 00

ADDRESS : PO BOX 5888 DATE: 6/12/2007CITY PORTLAND , OR 97228-5888

NAME: CATHOLIC CHARITIES AMOUNT- $79,000.00

ADDRESS : 231 SE 12TH DATE : 12/27/2007CITY PORTLAND, OR 97214

NAME : CATHOLIC DEAF MINISTRY AMOUNT: $500.00

ADDRESS : 2838 E BURNSIDE STREET DATE: 3/21/2007CITY PORTLAND , OR 97214

NAME : CENTRAL CATHOLIC HIGH SCHOOL AMOUNT : $30,600.00

ADDRESS : 2401 SE STARK STREET DATE- 5/21/2007CITY PORTLAND , OR 97214

NAME CENTRAL CITY CONCERN AMOUNT: $ 1.00000

ADDRESS : 232 NW SIXTH AVENUE DATE' 10/11/2007CITY PORTLAND, OR 97209

NAME : CHILD CENTERED SOLUTIONS AMOUNT: $15,000 00

ADDRESS: PO BOX 0397 DATE: 9/21/2007CITY PORTLAND , OR 97207

NAME : CHRIST THE KING PARISH AMOUNT: $15,000.00

ADDRESS: 7414 SE MICHAEL DRIVE DATE : 12/21/2007CITY MILWAUKIE , OR 97222

NAME : COVENANT HOUSE AMOUNT. $2,000.00

ADDRESS: 346 WEST 17TH STREET DATE' 10/11/2007CITY NEW YORK , NY 10011-5002

ST14TEM ENT 2

Page 2 of 9

2/27/2008 12:14 PM

NAME' DELASALLE N. CATHOLIC HIGH SCHOOL AMOUNT: $15.000.00

ADDRESS- 7654 NORTH DELAWARE DATE' 5/14/2007CITY PORTLAND, OREGON 97217

NAME: DEPAUL INDUSTRIES AMOUNT: $10,000.00

ADDRESS. 4950 NE MARTIN LUTHER KIND BLVD DATE. 5/17/2007CITY PORTLAND, OR 97211

NAME' DOWNTOWN CHAPEL AMOUNT: $30,000.00

ADDRESS: 612 WEST BURNSIDE DATE: 12/27/2007CITY PORTLAND, OR,97209

NAME: DRESS FOR SUCCESS OREGON AMOUNT: $2,000 DO

ADDRESS: 6312 SW CAPITOL HWY, #432 DATE: 10/22/2007CITY PORTLAND, OR 97239

NAME: EASTER SEALS OF OREGON AMOUNT: $10,000 00

ADDRESS: 5757 SW MACADAM DATE: 5/23/2007CITY PORTLAND, OR 97239

NAME EDDIE BARNETT JR. FOUNDATIONS, INC AMOUNT: $30,000.00

ADDRESS' 317 NE KJILLINGWORTH #257 DATE: 4/13/2007CITY PORTLAND, OR 97211

NAME: FATHER BERNARD YOUTH CENTER AMOUNT: $2,000.00

ADDRESS: 980 S MAIN STREET DATE' 5/14/2007CITY MT. ANGEL, OR 97362

NAME: GONZAGA PREPARATORY SCHOOL AMOUNT: $25,000 00

ADDRESS: 1224 E. EUCLID AVENUE DATE: 6/6/2007CITY SPOKANE, WA 99207

NAME: HISPANIC METROPLITAN CHAMBER AMOUNT: $10,000.00

ADDRESS: PO BOX 1827 DATE: 5/14/2007CITY PORTLAND, OR 97204

NAME: HOLY CROSS AREA SCHOOL AMOUNT: $2E,000.00

ADDRESS: 5202 N BOWDOIN DATE: 12/17/2007CITY PORTLAND, OR 97203

NAME: HOLY NAMES SISTERS FOUNDATION AMOUNT: $12,500.00

ADDRESS' PO BOX 411 DATE: 6/6/2007CITY MARYLHURST, OR 97036

5THTE MENT 2

Page 3 of 9

., a . .

2/27/2008 12:14 PM

NAME. HOLY REDEEMER AREA SCHOOL AMOUNT: $26,800.00

ADDRESS' 25 N PORTLAND, BLVD DATE: 3/7/2007CITY PORTLAND, OR 97217

NAME, IMMACULATE HEART CHURCH AMOUNT: $10,000.00

ADDRESS' 2910 N WILLIAMS AVENUE DATE: 11/28/2007CITY PORTLAND, OR 97227

NAME' JESUIT VOLUNTEERS CORPS NW AMOUNT: $500 00

ADDRESS: PO NOX 3928 DATE' 3/21/2007CITY PORTLAND, OR 97208

NAME: L'ARCHE NEHALEM AMOUNT: $3,000 00

ADDRESS: 8501 SE STEPHENS STREET DATE: 12117/2007CITY PORTLAND, OR 97216

NAME: LASALLE HIGH SCHOOL AMOUNT: $15,000.00

ADDRESS: 11999 SE FULLER RD DATE: 6/12/2007CITY MILWAUKIE, OR 97222

NAME: LITTLE SISTERS OF THE POOR AMOUNT: $2,000.00

ADDRESS' 1900 MARK AVENUE DATE: 9/10/2007CITY GALLUP, NM 87301-4822

NAME: LOAVES AND FISHES AMOUNT: $10,000.00

ADDRESS' 6125 SE 52ND DATE: 9/7/2007CITY PORTLAND, OR 97206

NAME: MACDONALD CENTER AMOUNT: $25,000 00

ADDRESS: 601 WEST BURNSIDE DATE: 10/11/2007CITY PORTLAND, OR 97209-3614

NAME: MEDICAL TEAMS INTERNATIONAL AMOUNT: $3,000.00

ADDRESS. PO BOX 10 DATE: 10/22/2007CITY PORTLAND, OR 97207

NAME: MONTESSORI-AT-RIVERTON AMOUNT: $16,000.00

ADDRESS' 12765 South 1400 West DATE: 5/31/2007CITY Riverton, Utah 84065

NAME: MT ANGEL SEMINARY AMOUNT: $5,000.00

ADDRESS RATHER RICHARD PAPERINI DATE: 12/17/2007CITY BENEDICT. OR 97373

5Tt'tTE VV\ ENT -2-1

Page 4 of 9

2/27/2008 12:14 PM

NAME : NORTHEAST CATHOLIC COUNSELING CENTER AMOUNT : $5,000.00

ADDRESS : 83B3 NE SANDY BLVD DATE' 5/14/2007CITY PORTLAND , OR 97220

NAME: NORTHWEST FAMILY SERVICES AMOUNT: $10,000 00

ADDRESS : 4805 NE GUSAN DATE. 917,'2007CITY PORTLAND , OR 97213

NAME : NORTHWEST PILOT PROJECT, INC AMOUNT. $5,000.00

ADDRESS: 1430 SW BROADWAY SUITE 200 DATE : 5/1712007CITY PORTLAND , OR 97021

NAME: OHSU CANCER INSTITUTE/GIST RESEARCH AMOUNT: $20,000.00

ADDRESS : 3181 SW SAM JACKSON PART ROAD DATE: 11/23/2007CITY PORTLAND, OR 97239

NAME: OREGON COMMUNITY WAREHOUSE AMOUNT: $2,000 00

ADDRESS : 2189 NW WILSON DATE : 9/7/2007CITY PORTLAND, OR 97210

NAME: OREGON FOOD BANK AMOUNT: $20,000.00

ADDRESS : 2540 NE RIVERSIDE WAY DATE : 7/30/2007CITY PORTLAND , OR 97211

NAME : OUR LADY OF LOURDES SCHOOL AMOUNT: $15,000.00

ADDRESS : 4701 NW FRANKLIN STREET DATE - 5/17/2007CITY VANCOUVER , WA 98663

NAME : OUR LADY OF VICTORY CHURCH AMOUNT: $33,000 00

ADDRESS : 120 OCEANWAY DATE - 10/11/2007CITY SEASIDE , OR 97138

NAME : OUTREACH MINISTRY AMOUNT $ 10,000.00

ADDRESS : 203 NW 3RD AVENUE DATE : 7/30/2007CITY PORTLAND, OR 97209

NAME . PORTLAND RESCUE MISSION AMOUNT- $ 10,000.00

ADDRESS : 111 WEST BURNSIDE PO BOX 3713 DATE : 5/14/2007CITY PORTLAND, OR 97208

NAME . PROVIDENCE CHILD CENTER FOUNDATION AMOUNT: $50,000 00

ADDRESS - 845 NE 47TH DATE : 11/5/2007CITY PORTLAND , OR 97213

STA'E,YV ENT 21Page 5 of 9

2/27/2008 12 14 PM

NAME : PROVIDENCE SEASIDE HOSPITAL AMOUNT: $20,000.00

ADDRESS' 715 S WAHANNA ROAD DATE: 12/27/2007CITY SEASIDE, OR 97138

NAME' QUAD, INC AMOUNT' $2,000.00

ADDRESS : 2600 N WILLIAMS AVENUE DATE : 10/22/2007CITY PORTLAND, OR 97227

NAME : SANDY COMMUNITY ACTION CENTER AMOUNT: $5,000 00

ADDRESS. PO Box 11 DATE : 3/21/2007CITY SANDY, OR, 97055

NAME: SERRA CLUB OF PORTLAND AMOUNT: $2,500.00

ADDRESS: 3216 NE ALAMEDA TERRACE DATE: 5/1412007CITY PORTLAND, OR 97212

NAME: SISTERS OF THE ROAD CAFE AMOUNT : $5,000.00

ADDRESS: 133 NW 6TH AVENUE DATE: 12/21/2007CITY PORTLAND, OR 97209

NAME : SOCIETY OF THE PROPAGATION OF THE FAITH AMOUNT: $3,000.00

ADDRESS : 2838 E BURNSIDE STREET DATE : 9/10/2007CITY PORTLAND , OR 97214

NAME : SOUTH JORDAN COMMUNITY CHURCH AMOUNT. $2,000.00

ADDRESS : 4268 ASCOT DOWNS DRIVE DATE : 12/27/2007CITY SOUTH JORDAN, UT 84095

NAME: SPECIAL OLYMPICS OREGON AMOUNT ' $1,000.00

ADDRESS. C/O US BANK 3165 NW YEON DATE: 12/17/2007CITY PORTLAND, OR 97210-1521

NAME - ST ANDREW NATIVITY SCHOOL AMOUNT: $10,000.00

ADDRESS: 4925 NE 9TH DATE : 10/22/2007CITY PORTLAND , OR 97211

NAME: ST AGATHA SCHOOL . AMOUNT ' $ 15,000.00

ADDRESS : 1403 SE NEHALEM STREET DATE: 317/2007CITY PORTLAND , OR 97211

NAME: ST ANDREW COMMUNITY CENTER AMOUNT: $2,500.00

ADDRESS: 2427 NE 16TH DATE : 10/22/2007CITY PORTLAND, OR 97212

5ThTEMENT 2IPage 6 of 9

. 4 . .

2/27/2008 12'14 PM

NAME: ST ANDREW LEGAL CUNIC AMOUNT. $5,000.00

ADDRESS: 90B NE ALBERTA STREET DATE: 9/7/2007CITY PORTLAND, OR 97211

NAME: ST FRANCIS DE PAULA AMOUNT. $13,000.00

ADDRESS: 303 ENCINO STREET DATE: 10/22/2007CITY TULAROSA,NEW MEXICO 88352

NAME: ST FRANCIS DE SALES MISSION CHURCH AMOUNT: $8,000 00

ADDRESS. 1465 GRAND AVENUE DATE: 5/23/2007CITY ASTORIA, OR 97103

NAME. ST FRANCIS DINING HALL AMOUNT: $15,000.00

ADDRESS: PO BOX 12699 DATE: 7130/2007CITY PORTLAND, OR 97212-0699

NAME: ST FRANCIS OF ASSISI CHURCH PORTLAND AMOUNT: $10,000.00

ADDRESS: 1131 SE OAK STREET DATE: 11/26/2007CITY PORTLAND, OR 97214

NAME: ST FRANCIS OF ASSISI SCHOOL AMOUNT: $12,000.00

ADDRESS: PO BOX 870 DATE: 6/17J2007CITY SEAHURST, WA 98062

NAME: ST FRANCIS PARISH AMOUNT: $20,000.00

ADDRESS: 15651 SW OREGON STREET DATE: 12217/2007CITY SHERWOOD, OR 97140

NAME: ST IGNATIUS SCHOOL AMOUNT: $15,000 00

ADDRESS: 3330 SE 43RD DATE: 3172007CITY PORTLAND, OR 97206

NAME: ST JOHN THE APOSTLE SCHOOL AMOUNT: $5,000.00

ADDRESS: 516 FIFTH STREET, DATE: 5/27/2007CITY OREGON CITY, OR 97045

NAME: ST LUKE CATHOLIC SCHOOL AMOUNT: $15,000.00

ADDRESS: 529 HARRISON STREET DATE: 12/17/2007CITY WOODBURN, OR 97071

NAME' ST MARY, STAR OF THE SEA SCHOOL AMOUNT: $10,000.00

ADDRESS: 1411 GRAND AVENUE DATE 12/27/2007CITY ASTORIA, OR 97103

S-M7EME7NT ZIPage 7 of 9

227/2008 12:14 PM

NAME. ST MARY'S ACADEMY AMOUNT: $ 10,000 00

ADDRESS. 1615 SW 5TH AVENUE DATE : 11/16/2007CITY PORTLAND , OR 97201

NAME : ST MARY'S HOME FOR BOYS AMOUNT: $2,500.00

ADDRESS : 16535 SW TV HIGHWAY DATE: 9/72007CITY BEAVERTON, OR 97006

NAME : ST MICHAEL THE ARCHANGEL CHURCH SANDY AMOUNT: $5,000.00

ADDRESS: 18090 SE LANGONSAND ROAD DATE- 11252007CITY SANDY, OR 97055

NAME: ST VINCENT DE PAUL SOCIETY , PORTLAND AMOUNT: $5,000.00

ADDRESS : PO BOX 42157 DATE: 7/302007CITY PORTLAND OR 97242

NAME: TARAHUMARA CHILDREN'S HOSPITAL FUND AMOUNT: $10,000.00

ADDRESS : 14009 SE MATILDA DRIVE DATE: 9/72007CITY MILWAUKIE , OR 97267

NAME: THE ABBEY FOUNDATION OF OREGON AMOUNT: $5,000.00

ADDRESS: PO BOX 501 DATE : 5/14/2007CITY SAINT BENEDICT, OR 97373

NAME : THE CHILDREN'S HEART FOOUNDATION OR CHAPTER AMOUNT: $10,000.00

ADDRESS : 3439 NE SANDY BLVD DATE : 12/272007CITY PORTLAND . OR 97232

NAME : THE GROTTO AMOUNT. $ 10,000.00

ADDRESS - PO BOX 20008 DATE : 121172007CITY PORTLAND, OR 97294

NAME: THE MADELEINE CATHOLIC SCHOOL AMOUNT: $5,300.00

ADDRESS : 3240 NE 23RD AVENUE DATE : 11/52007CITY PORTLAND , OR 97212

NAME : TRANSITION PROJECTS , INC AMOUNT: $1,000.00

ADDRESS : 475 NW GLISAN STREET DATE : 9/10/2007CITY PORTLAND, OR 97209

NAME: TRILLIUM FAMILY SERVICES AMOUNT. $25,000.00

ADDRESS: 3415 SE POWELL DATE : 11232007CITY PORTLAND , OR 97202

STA-7EMENT 2Page 8 of 9

. a . .

2/27/2008 12:14 PM

NAME : UNION GOSPEL MISSION AMOUNT. $12,250.00

ADDRESS: 222 NW COUCH DATE: 5/31/2007CITY PORTLAND , OR 97209

NAME: UNIVERSITY OF PORTLAND/JOHN ENDOWED SHOLARSHIP AMOUNT' $ 10,000.00

ADDRESS : 5000 N WILLAMETTE BLVD DATE: 10/22/2007CITY PORTLAND, OR 97203

NAME: WEDNESDAY 'S CHILD FOUNDATION AMOUNT: $3,000 00

ADDRESS: PO BOX 230592 DATE : 7/30/2007CITY TIGARD, OR 97281

NAME : WORLD VISION AMOUNT: $5,000.00

ADDRESS : PO BOX 70070 DATE, 10/22/2007CITY TACOMA, WA 98471-0070

TOTAL: $1,016,950.00

ST A-TEMErlr 2Page 9 of 9

Documents

Form 990-PF Return of Private Foundation ts. 1 2007990s.foundationcenter.org/990pf_pdf_archive/237/...Form990-PF (2007) B. P. LESTER & REGINA JOHN FOUNDATION 23-7110263 Page 3 F' IV