a.form990-pf 2©07 - foundation...

a.

Form990-PFDepartment of the TreasuryInternal Revenue Service Note: The

Return of Private Foundationor Section 4947( a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation!)n may be able to use a cove of this return to satisfy state tee

OMB No 1545-0052

2©07For calendar year 2007 , or tax y ear beg inning , 2007, and ending

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

Name of foundation A Employer identification number

Use the IRS

label. THE EDWIN J. MAY FOUNDATIONOtherwise , Number and street (or P 0 box number if mail is not delivered to street address)

print

or type.615 ABBEY

See SpecificInstructions . City or town, state, and ZIP code

65-0501566Room/suite IBTetephone number (see page to of the eetruchone)

(248) 723-9033C exem p t i on appli cation is

pending. check here IU-i

D 1. Foreign organizations , check here .

BIRMINGHAM, MI 4 8 0 0 9 2. Foreign organizations meeting the

H Check type of organization X Section 501 c 3 exempt private foundation(

FI Section 4947 ( a )( 1 ) nonexem pt charitable trust Other taxable rlvate foundation

85% test, check here and attach

computation . . . . . .

If t f d t t t t d

Fair market value of all assets at end

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

16) t $ 1,970,900.

J Accounting method Cash Accrual

El Other (specify) ..................

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

priva us was terminae oun a ion s a eE

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

F If the foundation is in a 60-month termination

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

Analysis of Revenue and Expenses (Thetotal of amounts in columns (b), (c), and (d)may not necessanly equal the amounts incolumn (a) (see page 11 of the instructions))

(a) Revenue andexpenses per

books

(b) Net investmentincome

(c) Adjusted netincome

(d) Disbursementsfor charitablepurposes

(cash basis only)

I Contributions itts, grants, etc , received (attach schedule) . 218,302. STMT 1

2Oheck LJif the foundation is not required toattach Sch BC

sC=

3 Qnterest on savings and temporary cash investments

4Dividends and interest from securities • •, 42,660. 42,660. STMT 2,

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

b Net rental income or (loss)

o 6aet gain or (loss) from sale of assets not on line 10 92,806. 0

IM 6=Gross sales puce for all413 , 244.

assets on line 6arn

g

7 Capital gain net income (from Part IV, line 2) 92, 806.

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

9 Gincome modifications • • • • • • • •N. U

10 a-rGross sales less returnsd allowances • • •a nw

II1hess Cost of goods sold .

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

11 Other income (attach schedule) • • • • • • •

12 Total. Add lines 1 throug h 11 ....... 353, 768. 135,466.

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

14 Other employee salaries and wages . . . . . NON NONy

15 Pension plans, employee benefits . . NON NON• • •

16a Legal fees (attach schedule)CLW

• • , • • • • • •

b Accounting fees (attach schedule) • •

c Other professional fees (attach schi. 4 10,746. 8,696. 2,050.

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

LA 18 Taxes (attach schedule) (see page 14 of th^ uor3) 9 3 0 . 7 9 0 ..

19 Depreciation (attach schedule) and depletion.

20 Occupancy . . . . . . . . . . . . . . . . .

21 Travel, conferences, and meetings . . . NON NON

m

• •

22 Printing and publications . . . . . . . . . . NON NON

c 23 Other expenses (attach schedule) . • , . • .

a

24 Total operating and administrative expenses.

Add lines 13 through 23 . . . . . . . . . . 11 ,676. 9,486. NON 2,050.

0 25 Contributions, gifts, grants paid , . . . . . . 205, 000. 205, 000.

26 Total expenses and disbursements Add lines 24 and 25 216,676. 9,486. NON 207,050.

27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements 137,092 .b Net investment income (if negative, enter -0-) 125,980.

c Adj usted net income ( if n ative, enter -0- ) . .

For Privacy Act and Paperwork Reduction Act Notice , see page 30 of the instructions . Form 990-PF (2007)JSA7E1410 3 000 ^ IYIV[`

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Form 990-PF (20071 65-0501566 PaoP2Attached schedules and amounts in the

h ld bl ft d fdB l Sh tBeginning of year End of year

ion co umn s ou e or enescrip -o -yeara ance ee samounts only (See instructions ) (a) Book Value (b) Book Value (c) Fair Market Value

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

2 Savings and temporary cash investments . . . . . . . . . . 401,131. 262, 447. 262,447

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 (attach schedule) (see page 16 of the instructions)

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

Less allowance for doubtful accounts ► NONE

8 Inventories for sale or use

U% 9 Prepaid expenses and deferred charges . . . . . . . . . . . .

Q 10 a Investments - U S and state government obligations ( attach schedule)

b Investments - corporate stock (attach schedule) . STMT 6 . 1,143, 065. 1, 421, 003. 1,707,692c Investments - corporate bonds (attach schedule). . . . . . . .

1 1 investments - land, buildings, ►and equipment basis __________________Less accumulated depreciation ►(attach schedule) ------------------

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

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

equipment basis ____ ______________Less accumulated depreciation ►(attach schedule)

15 Other assets (describe ► _____________ STMT 8) 1,492. 761. 76116 Total assets (to be completed by all filers - see the

instructions Also, see page 1 , item 1) ... 1, 545, 688. 1,684,211. 1,970,900

17 Accounts payable and accrued expenses , , , , . , , , , , ,

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

0)

,

19 Deferred revenue ,

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

La 21 Mortgages and other notes payable (attach schedule) , ,

22 Other liabilities (describe ► STMT 9 ) 2,000.

23 Total liabilities (add lines 17 through 22) . . . . . . . . . . . 2,000.

N

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

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

m 25 Temporarily restricted

to

. . . . . . . . . . . . . . . . . . . .

26 Permanently restricted

ti

o

. . . . . . . . . . . . . . . . . . . .

Foundations that do not follow SFAS 117,

check here and complete lines 27 through 31. ►

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

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

29 Retained earnings , accumulated income , endowment , or other funds , 1 , 54 5 , 6 88 . 1,682,211.

Z

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

instructions) , , , , , , , , , , 1 , 545, 688. 1, 682, 211.31 Total liabilities and net assets /fund balances (see page 17

of the instructions) . . . . . . . . . . . . . . . . . . . . . 1 , 545, 688. 1,684,211.Analysis of Changes in Net Assets or Fund Balances

I Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree withend-of-year figure reported on prior year's return) . . . . . . . . . . . . . . . . . . . . . . . . . 1 1, 545 , 688.

2 Enter amount from Part I, line 27a . . . . . .................... ... 2 137,092...........3 Other increases not included in line 2 (itemize) ► 3

-------------------------------------4 Add lines 1, 2, and 3

-4 1, 682, 780.

5 Decreases not included in line 2 SEE STATEMENT i6 1 5 569.

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 . 6 1,682,211.

JSA

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Form 990-PF (2007)

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65-0501566Form 990-PF (2007 )

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 )

wowacacquired

D-D-P^

Donatioason

n

(c) Dateacquired

(mo , day , )yr

^d) Date soldmo , day, yr )

1a SEE PART IV SCHEDULE

b

c

de

(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

cd

eCom p lete onl y for assets showing g ain in column ( h ) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus

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

(k) Excess of col (l)over col ()), if any

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

a

b

c

d

e

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

{ If (loss), enter -0- in Part I, line 7 } 2 92,806.

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)

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

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

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

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

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period' Yes © NoIf "Yes," the foundation does not qualify under section 4940(e) Do not complete this part

I Enter the appropriate amount in each column for each year see nage 18 of the instructions before making any entriesa

Base periody yearsCalendar year ( or tax year beginning in) Ad j usted q ual ifyin gAd J u q dY 9 Net value of nonchantable-use assets

Distrib u t ion ratio( col (b) div

ided by col (c))

2006 205,372. 1,633,481. 0.125726592472005 170,260. 1,417,031. 0.120152628982004 120,531. 1,275,616. 0.094488466752003 39,092. 1,216,870. 0.032125042122002 75,000. 1,146,928. 0.06539207343

2 Total of line 1, column (d) , , , , , ,, , , , , , , , , , , , , 2 0.437884803753 Average distribution ratio for the 5-year base period - divide the total on line

the number of years the foundation has been in existence if less than 5 years2 by 5, or by

. , . , , , . . , 3 0. 08757696075

4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4 1,866,024.

5 Multiply line 4 by line 3 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 5 163, 421.

6 Enter 1% of net investment income (1% of Part I, line 27b) , , , , , , , , , , , , , , , , , , , 6 1,260.

7 Add lines 5 and 6 7 164,681.

8 Enter qualifying distributions from Part XII, line 4 , , , , , , , , , , , , , , , , , , , , , , , , , 8 207,050.If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b. and complete that part u sing a 1% tax rate See the Part VI inst ructions on page 18

JSA Form 990-PF (2007)7E1430 2 000

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65-0501566 Page4Excise Tax Based on Investment Income ( Section 4940(a), 4940(b), 4940( e), or 4948 - see page 18 of the instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here ► and enter "N/A" on line 1 . . .

Date of ruling letter - - - - - - - - - (attach copy of ruling letter If necessary - see Instructions) .

b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,260.

here ► and enter 1 % of Part I, line 27b , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12 , col (b)

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

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1,260.

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

5 Tax based on Investment Income . Subtract line 4 from line 3 If zero or less, enter -0- , , , , , , , , , , , , , 5 1,260.

6 Credits/Payments

a 2007 estimated tax payments and 2006 overpayment credited to 2007, 6a 695.

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

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

d Backup withholding erroneously withheld , , , , , , , , , , , , , , , 6d

7 Total credits and payments Add lines 6a through 6d . . . . . . . . . . . . . . . . . . . . . . . . . . 7 695.

8 Enter any penalty for underpayment of estimated tax Check here q if Form 2220 is attached , . . , . . 8

9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 565.

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 Po, 11

Statements Regarding Activities

la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes No

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

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

of the instructions for definition)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b X

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any matenals

published or distributed by the foundation in connection with the activities

c Did the foundation file Form 1120-POL for this year? Li, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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

...

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

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

foundation managers $

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

If "Yes, " attach a detailed description of the activities

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of

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

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

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

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

.

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

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

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that

conflict with the state law remain in the governing instrument? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .

7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes,"complete Part ll, col (c), and PartXV ,

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

instructions) STMT 11

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 G2 If "No,"attach explanation . . . . . . . . . . . . . . . . .

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

or 49420)(5) for calendar year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If

"Yes, "complete Part XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 X

10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing theirnames and addresses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 X

JSA

7E 1440 2 000

Form 990-PF (2007)

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Form 990-PF (2007) 65-0501566

Statements Regarding Activ ities (continued)

11 a 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 page 20 of the 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 b

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

Websiteaddress /' --------------------------------------------------14 The books are in care of -G. _EDWARDS- TRUST- CO

FSB _______ Telephone no p,. __(314 ) 955-4200------- --------

Located at TWO N . -JEFFERSON --ST. -LOUIS ,- M0- -------------------- ZIP+4 ► _ 63103

-------15 Section 4947 ( a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041 - Check here . . . . . . . . . . . . . . .and enter the amount of tax-exempt interest received or accrued during the year ► 115................ .

Statements Reaardina Activities for Which Form 4720 May Be Reauired

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

1a During the year did the foundation (either directly or indirectly)

El(1) Engage in the sale or exchange, or leasing of property with a disqualified person? . . . . . . . Yes qX No

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

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

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

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified persons . . . . . . . . X Yes No

(5) Transfer any income or assets to a disqualified person (or make any of either available for

the benefit or use of a disqualified person)? . . . . . . . . . . . . . . . . . . . . . . . . . . . q Yes No

(6) Agree to pay money or property to a government official? ( Exception . Check "No" if

the foundation agreed to make a grant to or to employ the official for a period after

termination of government service, if terminating within 90 days ) . . . . . . . . . . . . . . . . q Yes No

b If any answer is "Yes" to 1a(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)? . . . . . . . . . .-

Orga n i za t i o n s relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . ►c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that

were not corrected before the first day of the tax year beginning in 2007? . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 c 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 49420)(3) or 4942())(5))

a At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and

q X No6e, Part XIII) for tax year(s) beginning before 2007? . . . . . . . . . . . . . . . . . . . . . . . Yes q

If"Yes,"list the years ► _-________ ,_________ ,_

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2)

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

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

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

enterprise at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Yes X 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b NA

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 charitablepurpose that had not been removed from jeopardy before the first day of the tax year beginning in 2007? . . . . . . . . . . . . 4 b TA

Form 990-PF (2007)

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Form 990-PF (2007 65-0501566 Page6Statements Regarding Activities fo r Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount tofl ? q 7X(1) Carry on propaganda, or otherwise attempt to in uence legislation (section 4945(e)) . . . . . . Yes No

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

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

(3) Provide a grant to an individual for travel, study, or other similar purposes?

.

Yes X No

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

section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions) . . . . . . El Yes No

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

educational purposes, or for the prevention of cruelty to children or animals? . . . . , . q Yes No

b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fall to qualify under the exceptions described inRegulations section 53 4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)? . . . 5b NIAOrganizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . ► q

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

s q Y q Nbecause it maintained expenditure responsibility for the grant . . . . . . . . . . . . . . . . . . . es o

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

qon a personal benefit contract. Yes No

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . . . . . - X

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

, . , ,

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? q Yes No

.

b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? .

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

1 List all officers. directors . trustees . foundation manaaers and their compensation (see Dane 23 of the insctruntinn_cl

(a) Name and address ( b) Title, and averagehours per week

devoted to position

(c) Compensation(it not paid , enter

-0-

(d) Contributions toemployee benefit plans

and deferred compensation

(e) Expense account,other allowances

-------------------------------------SEE STATEMENT 12 -0- -0- -0-

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

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

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

2 Compensation of five hiahest - paid emolovees ( other than those included on line I - see nacre 23 of the instructionsl _ If none-enter "NONE."

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

hours per weekdevoted to position

(c) Compensation

(d) Contributions toemployee benefitplans and deferredcom p ensation

(e) Expense account,ot herer allowances

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

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

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

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

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

Total number of other employees paid over $50,000 . ► I NONEForm 990-PF (2007)

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Form 990-4 (2007)

65-0501566

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

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

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

---------------------------------------------------------SEE STATEMENT 13 10,746.

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

Total number of others receiving over $50,000 for professional services . . ► NONE

Summary of Direct Charitable Activities

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

of organizations and other beneficiaries served, conferences convened, research papers produced. etcE)qenses

INONE---------------------------------------------------------------------------

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

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

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4

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f 7 Summary of Pronram -Related Investments (see nacre 24 of the instructions)

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

INONE---------------------------------------------------------------------------

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

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

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

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

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

Total . Add lines 1 throu g h 3 . . ►For, 990-PF (2007)

JSA

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AKN500 M800 04/28 /2008 10 : 02:26 8 -655530012 11 -

1

Form4

990-PF (2007) 65-0501566 JiULU Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,

see page 24 of the instructions )

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

purposesa Average monthly fair market value of securities . . . . . . . . . . . .. . . . . . . . . Ia 1,710,332.

b Average of monthly cash balances lb 184,109.

c Fair market value of all other assets (see page 25 of the instructions) . . . . . . . . . . . . . . . . . Ic NONE

d Total (add lines la, b, and c) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Id 1, 894, 441.

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

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

2 Acquisition indebtedness applicable to line 1 assets

.

2 NONE

3 Subtract line 2 from line 1d ... ..

.

.

3 1,894,441.

4................ .................. ..

Cash deemed held for charitable activities Enter 1 1 /2 % of line 3 (for greater amount, see page 25

of the instructions) ... ...... ... ....... . . . ....... 4 28,417.

5 Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 1,866,024.6 Minimum investment return . Enter 5% of line 5 6 93,301.

17MM. Distributable Amount (see page 25 of the instructions) (Section 49420)(3) and 0)(5) private operatingfo unda tions and certain foreign organizatio ns c heck here ► L1 a nd do n ot co mplete this part )

I Minimum investment return from Part X, line 6 . . . . . . . . . . . .. . . . . . . . . . . . . . . . 1 93, 301.2a Tax on investment income for 2007 from Part VI, line 5 2a 1,260.

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

c Add lines 2a and 2b . . ... 2c 1,260.................................. .... .. .3 Distributable amount before adjustments Subtract line 2c from line 1 , , , , , , , , , , , , , , , , , , 3 92,041.

4 Recoveries of amounts treated as qualifying distributions , , , , , , , , , , , , , , , , , , , , , , , 4 NONE

5 Add lines 3 and 4 5 92,041...............................................6 Deduction from distributable amount (see page 25 of the instructions ) . , _ , , 6 NONE

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

line 1 7 92,041.

Qualifying Distributions (see page 26 of the instructions)

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

a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26, , , , , , , , , , , , , , , , , la 207, 050.

b Program-related investments - total from Part IX-B 1 b..... .........2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc,

purposes . ...... 2 NONE. . . . .. . . . . . . . ... . . ... . . . ............ . .3 Amounts set aside for specific charitable projects that satisfy the

a Suitability test (prior IRS approval required) , , , , , , , , , , , , , , , , , , , , , , 3a NONE

b Cash distribution test (attach the required schedule) . . , . , , . .. . 3b NONE

4 Qualifying distributions . Add lines 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 . . . , . , 4 207,050.

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

, , , , , , , , , , , , , , , , , ,Enter 1% of Part I, line 27b (see page 26 of the instructions) 5 1,260., , ,,

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 205, 790.

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

ther the foundation

Form 990-PF (2007)

JSA

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65-0501566

Form 990-PF (2007)

Undistributed Income (see page 26 of the instructions)

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

1 Distributable amount for 2007 from Part XI, Corpus Years prior to 2006 2006 2007

line 7 .... 92,041.................2 Undistributed income , if any, as of the end of 2006

a Enter amount for 2006 only . . . . . . . . . NON

b Total for prior years 2005 NON

3 Excess distributions carryover, if any, to 2007

a From 2002 NONE

b From 2003 NONE

c From 2004 8,200.

d From 2005 , , , , 100, 730.

e From 2006 125, 076.

f Total of lines 3a through e . . . . . . . . . . 234,006.

4 Qualifying distributions for 2007 from Part XII,

line4 ► $ 207,050.

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

b Applied to undistributed income of prior years (Election

required - see page 27 of the instructions) . . . . . NON

c Treated as distributions out of corpus (Electionrequired - see page 27 of the instructions) . . . NON

d Applied to 2007 distributable amount 92,041., , , , ,

e Remaining amount distributed out of corpus 115,009.. .

5 Excess distributions carryover applied to 2007 , NON NONE(lf an amount appears in column (a), the same

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

indicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 349, 015.

b Prior years' undistributed income Subtractline 4b from line 2b NON..........

c Enter the amount of prior years' undistributed

income for which a notice of deficiency has beenissued, or on which the section 4942(a) tax hasbeen previously assessed NON. . . . . . . . . ....

d Subtract line 6c from line 6b Taxableamount - see page 27 of the instructions NON

e Undistributed income for 2006 Subtract line4a from line 2a Taxable amount - see page

NON. . . .27 of the instructions . . . . . . . . .

f Undistributed income for 2007 Subtract lines4d and 5 from line 1 This amount must bedistributed in 2008............ NONE

7 Amounts treated as distributions out of corpusto satisfy requirements imposed by section170(b)(1)(F) or 4942(g)(3) (see page 27 of theinstructions) . . . . NON. .

8 Excess distributions carryover from 2002 notapplied on line 5 or line 7 (see page 27 of the

NONinstructions) . .. . . . . . . . . . . . . . . .

9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a 3 4 9 , 015.

10 Analysis of line 9

a Excess from 2003 , NONE

b Excess from 2004 8,200.

c Excess from 2005 100,730.

d Excess from 2006 125,076.

e Excess from 2007 . . . 115,009.

Form 990-PF (2007)

JSA

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Form 990-PF (2007) 65-050156 6 Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) NOT APPLICABLE

I 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 private operating foundation described in section 4942 0)(3) or 49426)(5)

2 a Enter the lesser of the ad

justed net income from Part

or the minimum investmentIreturn from Part X for each

year listed . . .

b 85% of line 2a , , , , .

C Qualifying distributions from Part

XII, line 4 for each year listed ,

d Amounts included in line 2c not

used directly for active conduct

of exempt activities . . . . .

e Qualifying distributions made

directly for active conduct of

exempt activities Subtract line

2d from line 2c , . .

3 Complete 3a, b, or c for the

alternative test relied upon

a "Assets" altematrve test - enter

(1) Value of all assets . . .

(2) Value of assets qualifying

under section

49420)(3)(6)(1). . .

b "Endowment" alternative test-

enter 2l3 of minimum invest-

ment return shown in Pert X,

line 6 for each year listed

C "Support" alternative test - enter

(1) Total support other thangross investment income(interest, dividends, rents,payments on secunties

loans (section 512(a)(5)),

or royalties) . . .

(2) Support from generalpublic and 5 or moreexempt organizations asprovided in section 4942

G)(3)(e)(u l . . . . . .(3) Largest amount of sup-

port from an exemptorganization , , - - -

Tax year Prior 3 years

(a) 2007 (b) 2006 (c) 2005 (d) 2004

(4) Gross investment income

(e) Total

Supplementary Information (Complete this part only if the foundation had $5 , 000 or more in assets at anytime during the year - see page 28 of the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundationbefore the close of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2) )

DANIEL MAY, DIANNE L. MAY

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of theownership of a partnership or other entity) of which the foundation has a 10% or greater interest

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

Check here lo - E] if the foundation only makes contributions to preselected charitable organizations and does not acceptunsolicited requests for funds If the foundation makes gifts, grants, etc (see page 28 of the instructions) to individuals ororganizations under other conditions, complete items 2a, b, c, and d

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

SEE STATEMENT 14

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

N/A

c Any submission deadlines

N/A

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

N/A

7E14902000 Form 990-PF (2007)

AKN500 M800 04/28/2008 10:02:26 8-655530012 14 -

65-0501566'Form 990-PF (2007) Page 1 1

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future PaymentReci p ient

If recipient is an individual.show any relationsh i p to

Foundationstatus of Purpose of grant or Amount

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

contribution

a Paid dunng the year

SEE STATEMENT 15

..................................................Total ► 3a 205, 000.

b Approved for future payment

Total ► 3b

Form 990-PF (2007)

JSA7E1491 2 000

AKN500 M800 04/28 / 2008 10 : 02:26 8 - 655530012 15

65-0501566'Form 990-PF (2007)

Analysis of Income-Producing Activities

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

1 Pro

a

b

c

d

e

f

9

2 Men

3 Inter

4 Dive

5 Net

a

b

6 Net

7 Oth

8 Gain

9 Net

10 Gro

11 Oth

b

c

d

e

12 Sub

13 Total. Add line 12, columns (b), (d), and (e) ................................... 13 135,466.

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

Relationship of Activities to the Accomplishment of Exempt Purposes

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

page 29 of the instructions )

NOT APPLICABLE

)ram service revenue

(a)Business code

(b)

Amount

(c)

Exclusion code

(d)

Amount

function income{See page 28 ofthe instructions )

Fees and contracts from government agencies

bershlp dues and assessments , . , . .

est on savings and temporary cash investments

Bends and interest from securities , , , , 14 42,660.rental income or (loss) from real estate

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

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

rental income or (loss) from personal property

er investment income . . . . . . . . . .

or (loss) from sales of assets other than inventory 18 92, 806 .

income or (loss) from special events . . ,

ss profit or (loss) from sales of inventory.

er revenue a

total Add columns (b), (d), and (e) . . . 13 5 , 4 6 6 .

Form 990-PF (2007)JSA7E1492 2 000

AKN500 M800 04/28/2008 10:02:26 8-655530012 16 -

Form 990 - F ( 2007 ) 65-050156 6

Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations

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

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

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

(1) Cash ..........................................................1a1 X

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

b Other transactions

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

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

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

(4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 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 . . . . . . . . . . . . . . . . . . . . . . . . . 1 c 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,

other assets, or services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing

arrangement, show in column (d) the value of the goods, other assets, or services received

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

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

' I c_, n a h. mvrremQu

Signature of officer or trustee

pt -L ' Preparer'sE10 signature

d u°', Firm's name (or yours if 4k 9( DWARDS TRUST CILM self-employed), address, TWO N JEFFERSON

and ZIP code ST LOUIS, MO

JSA

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ARN500 M800 04/28/2008 10:02:26

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

section 501 ( c) of the Code ( other than section 501(c)( 3)) or in section 527? . . . . . . . . . . . . . . . . . . . . . . . . . q Yes E^ No

h If "Yoe " rmmnlptp tho fnllnwinn cncpxiiilp

Schedule B(Form 990 , 990-EZ,

or 990-PF)Department of the TreasuryInternal Revenue Service

Name of organization

Schedule of Contributors

Supplementary Information forline 1 of Form 990, 990-EZ, and 990-PF (see Instructions)

OMB No 1545-0047

2007Employer identification number

THE EDWIN J. MAY FOUNDATI 65-0501566

Organization type (check one)

Filers of:

Form 990 or 990-EZ

Form 990-PF

Section:

q 501(c)( ) (enter number) organization

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

q 527 political organization

© 501(c)(3) exempt private foundation

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

q 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10)

organization can check boxes for both the General Rule and a Special Rule - see instructions)

General Rule -

LI For organizations filing Form 990 , 990-EZ , or 990-PF that received , during the year , $ 5,000 or more (in money or

property) from any one contributor (Complete Parts I and II )

Special Rules -

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

under sections 509(a )(1)/170(b)(1)(A )(vi), and received from any one contributor , during the year , a contribution of the

greater of $5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II )

q For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor,

during the year, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable,

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

q For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor,

during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did

not aggregate to more than $1,000 (If this box is checked, enter here the total contributions that were received during

the year for an exclusively religious, charitable, etc , purpose Do not complete any of the Parts unless the General Rule

applies to this organization because it received nonexclusively religious, charitable, etc , contributions of $5,000 or more

during the year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No- $

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990,

990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form

990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF)

For Paperwork Reduction Act Notice, see the Instructionsfor Form 990, Form 990-EZ, and Form 990-PF.

JSA

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Schedule B (Form 990, 990-EZ, or 990-PF) (2007)

8-655530012 20

Schedule B (Form 990, 990-EZ, or 990-PF) (2007) Page of of Part

Name of organization Employer Identification number

I

THE EDWIN J. MAY FOUNDATION 65-050156 6

Contributors (See Specific Instructions )

(a)No.

(b)Name , address, and ZIP + 4

(c)Aggregate contributions

(d)Type of contribution

1 DANIEL MAY CLUT Person

PayrollP.O. BOX 66734 $ 70,452 - Noncash

ST. LOUIS, MO 63166(Complete Part II if there isa noncash contribution )

(a)No.

(b)Name , address , and ZIP + 4



2 DANIEL MAY CLUT PersonPayroll

P.O. BOX 66734 $ 147,850 - Noncash X

ST. LOUIS, MO 63166(Complete Part Il if there isa noncash contribution )

(a)No.




Person

$

Payroll

Noncash

(Complete Part II if there isa noncash contribution )

(a)No.




Person

$

Payroll

Noncash

(Complete Part II if there isa noncash contribution

(a)No.




Person

$

Payroll

Noncash

(Complete Part II if there isa noncash contribution

(a)No.




Person

$

Payroll

Noncash

(Complete Part II if there is

a noncash contribution )

JSA

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Schedule B (Form 990, 990-EZ, or 990-PF) (2007)

21

Schedule B ( Form 990 , 990-EZ , or 990-PF) (2007) Page of of Part II

Name of organization Employer identification number

THE EDWIN J. MAY FOUNDATION 65-0501566

Noncash Property (See Specific Instructions )

( a) No.

from

Part I

(b)Description of noncash property given

(c)

FMV (or estimate)

(see instructions)

(d)Date received

SHARES OF AVON PROD., INC, BP PLC

2 SPONSORED ADR, & DOMINION RESOURCESINC. STOCK

$ 147,850. 12/31/2007

(a) No.

from

Part I

b()

Description of noncash property given

(c)FMV (or estimate)

( see instructions)

d( )

Date received

( a) No.

from

Part I


(c)

FMV (or estimate)

( see instructions )

(d)Date received

( a ) No.

from

Part I


FMV (or estimate)


(d)Date received

( a ) No.()from

Part I

b

()Description of noncash property given

(c)

FMV (or estimate)

(see instructions )

d

( )Date received

(a) No.

from

Part I

b()

Description of noncash property given

(c)FMV (or estimate)


d( )

Date received

JSA

7E1254 1 000

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Schedule B (Form 990, 990-EZ, or 990 -PF) (2007)

8-655530012 22

THE EDWIN J. MAY FOUNDATION

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

CONTRIBUTOR NAME:

DANIEL MAY CLUT

CONTRIBUTOR ADDRESS:

P.O. BOX 66734

ST. LOUIS, MO 63166

CONTRIBUTION DATE:

12/31/2007

DIRECT PUBLIC SUPPORT

CONTRIBUTOR NAME:

DANIEL MAY CLUT

CONTRIBUTOR ADDRESS:P.O. BOX 66734ST. LOUIS, MO 63166

CONTRIBUTION DATE:12/31/2007

DIRECT PUBLIC SUPPORT

65-0501566

............................................ 70,452.

............................................147,850.

TOTAL DIRECT PUBLIC SUPPORT: 218,302.----------------------------

STATEMENT 1

XD576 2 000AXN500 M800 04 /28/2008 10: 02:26 8 -655530012 23

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

Kind of Property DescriptionP

DDate

acquiredDate sold

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

expenses of sale a l lowab l e ad i basis (loss )

TOTAL LONG-TERM CAPITAL GAIN DIVIDENDS 43,890.

190. FEDEX CORPORATION 02/15/2006 01/18/2007PROPERTY TYPE: SECURITIES

21,146.00 19,825.00 1,321.00

930. INTEL CORP 02/15/2006 01/18/2007PROPERTY TYPE: SECURITIES

19,157.00 19,817.00 -660.00

1430. W.P. STEWART & CO LTD 12/01/2003 01/18/2007PROPERTY TYPE: SECURITIES

22,859.00 29,945.00 -7,086.00

520. BP AMOCO PLC 12/01/2003 01/24/2007PROPERTY TYPE: SECURITIES

33,565.00 22,448.00 11,117.00

2000. SECTOR SPDR TRUST TECHNOLOGY SHARE 02/23/2005 03/14/2007PROPERTY TYPE: SECURITIES

45,597.00 39,526.00 6,071.00

60. WHITE MOUNTAINS INSURANCE GROUP INC 12/01/2003 08/16/2007

PROPERTY TYPE: SECURITIES

32,105.00 33,700.00 -1,595.00

555. AVON PRODUCTS INC COM 09/12/2005 12/03/2007PROPERTY TYPE: SECURITIES

21,745.00 17,666.00 4,079.00

200. EXXON MOBIL CORP 12/01/2003 12/03/2007PROPERTY TYPE: SECURITIES

17,718.00 7,292.00 10,426.00

1342. FINANCIAL FEDERAL CORP 12/01/2003 12/03/2007PROPERTY TYPE: SECURITIES

29,502.00 29,677.00 -175.00

415. JACK HENRY & ASSOCIATES INC 03/14/2007 12/03/2007PROPERTY TYPE: SECURITIES

11,070.00 9,472.00 1,598.00

JJA7E1730 1 000

AKN500 M800 04/28/2008 10:02:26 8-655530012 18

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

Kind of Property Description Dateacquired

Date sold

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

expenses of sale al l owable ad i basis (loss)

80. ILL TOOL WORKS INCORPORATED 02/23/2005 12/03/2007PROPERTY TYPE: SECURITIES

4,401.00 3,599.00 802.00

115. PEPSICO INC COM 12/01/2003 12/03/2007PROPERTY TYPE: SECURITIES

8,813.00 5,591.00 3,222.00

380. SIGMA ALDRICH CORP COM 12/01/2003 12/03/2007PROPERTY TYPE: SECURITIES

20,007.00 10,482.00 9,525.00

220. SMITH & NEPHEW PLC # SPONSORED ADR 09/12/2005 12/03/2007

PROPERTY TYPE: SECURITIES

12,916.00 10,953.00 1,963.00

1120. TCF FINANCIAL CORP 12/01/2003 12/03/2007PROPERTY TYPE: SECURITIES

21,705.00 29,902.00 -8,197.00

75. 3M COMPANY 03/07/2007 12/03/2007PROPERTY TYPE: SECURITIES

6,234.00 5,541.00 693.00

200. WATERS CORP 02/15/2006 12/03/2007PROPERTY TYPE: SECURITIES

15,814.00 8,494.00 7,320.00

450.207 $ EUROPACIFIC GROWTH FUND CLASS 12/03/2003 12/04/2007PROPERTY TYPE: SECURITIES

25,000.00 16,508.00 8,492.00

TOTAL GAIN(LOSS) ...... ........................................ 92,806.

JSA7E1730 1 000

AKN500 M800 04/28/2008 10:02:26 8-655530012 19


FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES----------------------------------------------------------------------------------------------------------------------

DESCRIPTION

ANHEUSER BUSCH COS INC COMAPACHE CORP COMAUTOMATIC DATA PROCESSINGAVERY DENNISON CORPAVON PRODUCTS INC COMBROADRIDGE FINANCIAL SOLUTIONS INCCADBURY SCHWEPPES P L C ADR 10 ORDCHEVRONTEXACO CORPDIAGEO PLC ADR SPONSOREDDOMINION RES INC VA NEW$ EUROPACIFIC GROWTH FUND CLASS FEXXON MOBIL CORPFEDEX CORPORATION

FINANCIAL FEDERAL CORPFRANKLIN RESOURCES INCPRIME OBLIGATIONS FUND

GRAINGER W W INC COM

JACK HENRY & ASSOCIATES INCILL TOOL WORKS INCORPORATEDJOHNSON & JOHNSON COMLOWES COS INC COMMERCURY GENERAL CORP NEWMICROSOFT CORP COMPEPSICO INC COMPFIZER INC COMSECTO SPDR TRUST (ENERGY) SHARES OF BENESIGMA ALDRICH CORP COMSMITH & NEPHEW PLC # SPONSORED ADRSYSCO CORPORATIONTCF FINANCIAL CORPTARGET CORPTEMPLETON FUNDS INC FOREIGN FUND

- AKN500 M800 04/28/2008 10:02:26

REVENUE

AND

EXPENSES

PER BOOKS

738.113.414.

1,071.1,003.

18.849.

1,187.1,247.1,314.3,237.

959.17.

805.146.

8,831.670.354.755.915.242.

1,560.547.830.

1,839.303.497.461.646.

1,086.307.

5,950.

8-655530012

65-0501566

NETINVESTMENT

INCOME

24

738.113.414.

1,071.1,003.

18.849.

1,187.1,247.1,314.3,237.

959.17.

805.146.

8,831.670.354.755.915.242.

1,560.547.830.

1,839.303.497.461.646.

1,086.307.

5,950.

STATEMENT 2


FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES----------------------------------------------------------------------------------------------------------------------

DESCRIPTION

3M COMPANY

WAL MART STORES INC COMWEIGHT WATCHERS INTL INC NEWWELLS FARGO & COMPANY (NEW)WESTERN UNION COW.P. STEWART & CO LTDWHITE MOUNTAINS INSURANCE GROUP INC ORDI

TOTAL

- AKN500 M800 04 / 28/2008 10:02:26

REVENUEAND

EXPENSESPER BOOKS

65-0501566

792.546.382.

1,392.68.

329.240.

42,660.

8-655530012

NETINVESTMENT

INCOME

792.546.382.

1,392.68.

329.240.

42,660.

25 STATEMENT 3


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

REVENUE

AND

EXPENSES

DESCRIPTION PER BOOKS----------- ---------

65-0501566

NET

INVESTMENT

INCOME

AGENT FOR TRUSTEE 10,746. 8,696.-------------- --------------

TOTALS 10,746. 8,696.-------------- ---------------------------- --------------

- AKN500 M800 04 /28/2008 10: 02:26 8 -655530012 26

CHARITABLEPURPOSES

2,050.--------------

2,050.----------------------------

STATEMENT 4


FORM 990PF, PART I - TAXES----------------------------------------------------

DESCRIPTION

FOREIGN TAXESFEDERAL ESTIMATES - PRINCIPAL

TOTALS

65-0501566

REVENUEAND NET

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

790. 790.140.

-------------- --------------930. 790.

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

- AKN500 M800 04/28/2008 10:02:26 8-655530012 27 STATEMENT 5


FORM 990PF, PART II - CORPORATE STOCK--------------------------------------------------------------------------

DESCRIPTION

590 ANHEUSER BUSCH CO INC250 APACHE CORP600 AUTOMATIC DATA PROCESSING665 AVERY DENNISON CORP2,260 AVON PRODUCTS INC

915 BP PLC SPONSORED ADR

15 BERKSHIRE HATHAWAY INC

150 BROADRIDGE FINANCIAL SOL

720 CADBURY SCHWEPPES PLC

525 CHEVRON CORP

475 DIAGEO PLC1,400 DOMINION RESOURCES INC

500 EXXON MOBIL CORP

325 FRANKLIN RESOURCES INC

500 GRANGER W W INC

1,400 JACK HENRY & ASSOC INC750 ILLINOIS TOOL WORKS INC565 JOHNSON & JOHNSON1,150 LOWES COMPANIES INC90 MARKEL CORP750 MERCURY GENERAL CORP NEW1,335 MICROSOFT CORP1,000 PATTERSON CO INC500 PEPSICO INC1,585 PFIZER INC

385 SECTOR SPDR TRUST700 SIGMA ALDRICH CORP600 SMITH & NEPHEW PLC850 SYSCO CORP

65-0501566

ENDINGBOOK VALUE

31,996.17,468.25,712.36,518.82,651.67,664.41,803.2,926.

28,310.37,798.24,387.56,704.18,230.38,997.35,579.31,955.33,674.31,979.38,640.42,481.40,791.34,799.36,258.24,310.38,151.19,754.19,310.29,262.32,011.

- AKN500 M800 04/28/2008 10:02:26 8-655530012 28

ENDING

FMV

30,881.26,885.26,718.35,338.89,338.66,951.71,040.3,365.

35,546.48,998.40,769.66,430.46,845.37,190.43,760.34,076.40,155.37,686.26,013.44,199.37,358.47,526.33,950.37,950.36,027.30,550.38,220.34,452.26,529.

STATEMENT 6


FORM 990PF, PART II - CORPORATE STOCK--------------------------------------------------------------------------

DESCRIPTION

590 TARGET CORP475 3 M COMPANY660 WALMART STORES INC500 WATERS CORP600 WEIGHT WATCHERS INTL INC1,180 WELLS FARGO & CO INC1,700 WESTERN UNION CO2,879.269 EUROPACIFIC GROWTH11,393.529 TEMPLETON FOREIGN

TOTALS

65-0501566

ENDINGBOOK VALUE

23,075.35,093.35,462.24,224.25,436.25,808.33,579.93,081.

125,127.

1,421,003.------------------------------

- AKN500 M800 04 / 28/2008 10 : 02:26 8 -655530012 29

ENDING

FMV

29,500.40,052.31,370.39,535.27,108.35,624.41,276.

145,835.142,647.

1,707,692.------------------------------

STATEMENT 7


FORM 990PF, PART II - OTHER ASSETS--------------------------------------------------------------------

DESCRIPTION

65-0501566

ENDING

BOOK VALUE

ACCRUED DIVIDENDS 761.---------------

TOTALS 761.------------------------------

- AKN500 M800 04/28/2008 10:02:26 8-655530012 30

ENDINGFMV

761.---------------

761.------------------------------

STATEMENT 8

THE EI?WIN J. MAY FOUNDATION

FORM 990PF, PART II - OTHER LIABILITIES

DESCRIPTION

EXCESS CONTRIB. DUE D . MAY CLT

TOTALS

65-0501566

ENDING

BOOK VALUE

2,000.

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

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

STATEMENT 9

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 31


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

DESCRIPTION

EXCESS ACCRUAL OF DIVIDENDS IN PRIOR YR

ROUNDING

TOTAL

AMOUNT

565.4.

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

569.----------------------------

STATEMENT 10

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 32 -


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

STATE ( S) WHERE THE FOUNDATION IS REGISTERED

MI

65-0501566

STATEMENT 11

X0576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 33


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

OFFICER NAME:

DANIEL MAY

ADDRESS:

364 COLONY DRIVE

NAPLES, FL 34108,

TITLE:TRUSTEE

AVERAGE HOURS PER WEEK DEVOTED TO POSITION: 5

OFFICER NAME:DIANNE L MAY

ADDRESS:

364 COLONY DRIVE

NAPLES, FL 34108,

TITLE:TRUSTEE

AVERAGE HOURS PER WEEK DEVOTED TO POSITION: 5

OFFICER NAME:

BRIAN S MAY

ADDRESS:

615 ABBEY

BIRMINGHAM, MI 48009,

TITLE:

TRUSTEEAVERAGE HOURS PER WEEK DEVOTED TO POSITION: 5

STATEMENT 12

X0576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 34 -

THE EIlWIN J. MAY FOUNDATION 65-0501566

990PF, PART VIII- COMPENSATION OF THE FIVE HIGHEST PAID PROFESSIONALS

NAME:

A. G. EDWARDS TRUST CO FSB

ADDRESS:

2 N. JEFFERSON ST.

ST. LOUIS, MO 63103

TYPE OF SERVICE:

AGENT / CUSTODIAN FO

COMPENSATION ............................................... 10,746.

COMPENSATION EXPLANATION:

FEES PER PUBLISHED FEE SCHEDULE

TOTAL COMPENSATION: 10,746.

STATEMENT 13

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 35 -


FORM 990PF, PART XV - LINES 2a - 2d

RECIPIENT NAME:

BRIAN S. MAY

ADDRESS:

615 ABBEY STREET

BIRMINGHAM, AL 48009

65-0501566

STATEMENT 14

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 36 -


FORM 990PF, PART XV, LINE 3 - CONTRIBUTIONS, GIFTS, GRANTS PAID

RECIPIENT NAME:

HOPE FOR HAITI

ADDRESS:

900 BROAD AVENUE SOUTH

NAPLES, FL 34102

RELATIONSHIP:

NONE

PURPOSE OF GRANT:

FOOD FOR POOR

FOUNDATION STATUS OF RECIPIENT:

PUBLIC

AMOUNT OF GRANT PAID ............................................ 105,000.

RECIPIENT NAME:

ST. BERNADETTE CATHOLIC CHURCH

ATTN: FATHER GOBER

ADDRESS:

P.O. BOX 1252

LINVILLE, NC 28646

RELATIONSHIP:

NONEPURPOSE OF GRANT:

SANCTUARY RENOVATION FUND

FOUNDATION STATUS OF RECIPIENT:

PUBLICAMOUNT OF GRANT PAID ............................................ 100,000.

TOTAL GRANTS PAID: 205,000.------------------------------

STATEMENT 15

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 37 -

SCHEDULE D

(Form 1041) Capital Gains and LossesDepartment of the Treasury ► Attach to Form 1041, Form 5227, or Form 990-T. See the separate

Internal Revenue Service instructions for Form 1041 (also for Form 5227 or Form 990-T, if applicable).

OMB No 1545-0092

2007Name of estate or trust Employer identification number


Note : Form 5227 filers need to complete only Parts I and 11

Short-Term Capital Gains and Losses - Assets Held One Year or Less(a) Description of prope rty(Exam p le 1 00

Description

p referred of "Z" Coac wired

mo, day, r( mo,day , yr)

(d) Sales riceinstructions

ofSubtract (e) from (d)

Ia

b Enter the short-term gain or (loss), if any, from Schedule D-1, line lb . . . . . . . . . . . . . . . . . . . . . 1 b 2, 952

2 Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824 2

3 Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . . . . . . . . . 3

4 Short-term capital loss carryover Enter the amount, if any, from line 9 of the 2006 Capital Loss

Carryover Worksheet . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 45 Net short-term gain or (loss). Combine lines 1a through 4 in column (f) Enter here and on line 13,

column (3) on the back . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . ► 5 2 ,952mil Lona-Term Capital Gains and Losses - Assets Held More Than One Year

( a) Description of property

(Example 100 shares 7%

p referred of "Z" Co

( b) Date

acquired

(mo , day , yr

(c) Date sold

(mo , day, yr)( d) Sales price

( e) Cost or other basis( see page 40 of the

instructions )

(t) Gain or (loss)for the entire yearSubtract (e) from (d)

6a

LONG-TERM CAPITAL GAIN DIVIDEND S STMT 1 43,890

b Enter the long-term gain or (loss), if any, from Schedule D-1, line 6b, , , , , , , , , , , , , , , , , , , , , , , 6b 45, 964 ,

7 Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824 . . . . . 7

8 Net long -term gain or (loss) from partnerships, S corporations, and other estates or trusts _ , , , , , , , , , , 8

9 Capital gain distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Gain from Form 4797, Part I . . . , , , , , , , , 10

11 Long-term capital loss carryover Enter the amount, if any, from line 14 of the 2006 Capital Loss

Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ( )

12 Net long -term gain or (loss). Combine lines 6a through 11 in column (f) Enter here and on line 14a,

column (3) on the back ► 12 89 ,854.

For Paperwork Reduction Act Notice, see the Instructions for Form 1041.JSA7F12102000

Schedule D (Form 1041) 2007

AKN500 M800 04/28/2008 10:02:26 8-655530012 38 -

Schedule D (Form 1041) 2007 Page 2

Summary of Parts I and II (1) Beneficiaries' ( 2) Estate'sCaution : Read the instructions before completing this part. (see page 41) or trust's (3) Total

13 Net short-term gain or ( loss) . . . . . . . . . . . . . . . . . . . . . 13 2,952.

14 Net long -term gain or ( loss):

a Total for year .............................. 14a 89,854.

b Unrecaptured section 1250 gain (see line 18 of the wrksht) . . . . 14b

c 28% rate gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14c

15 Total net gain or (loss). Combine lines 13 and 14a . . . . . . . ► 15 92, 806.

Note : If line 15, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part 1, line 4a) Hlines 14a and 15, column (2), are net gains, go

to Part V, and do not complete Part IV tf line 15, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet as necessary

Capital Loss Limitation

16 Enter here and enter as a (loss ) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of

a The loss on line 15, column ( 3) or b $3,000, 16Note : If the loss on line 15, column (3), is more than $3,000, or if Form 1041, page 1 , line 22 (or Form 990-T, line 34), is a loss, complete the Capital LossCarryover Worksheet on page 42 of the instructions to figure your capital loss carryover

Tax Computation Using Maximum Capital Gains RatesForm 1041 filers . Complete this part only if both lines 14a and 15 in column (2) are gains, or an amount is entered in Part I or Part II and

there is an entry on Form 1041, line 2b( 2), and Form 1041, line 22, is more than zero

Caution : Skip this part and complete the worksheet on page 43 of the instructions if• Either line 14b, col (2) or line 14c, col (2) is more than zero, or• Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero

Form 990 -T trusts . Complete this part only if both lines 14a and 15 are gains, or qualified dividends are included in income in Part

of Form 990-T, and Form 990-T, line 34, is more than zero Skip this part and complete the worksheet on page 43 of the instructions ifI

either line 14b, col (2) or line 14c, col (2) is more than zero

17 Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) . . .

18 Enter the smaller of line 14a or 15 in column (2)

but not less than zero . . . . . . . . . . . . . 18

19 Enter the estate's or trust's qualified dividends

from Form 1041, line 2b(2) (or enter the qualified

dividends included in income in Part I of Form 990-T) . 19

20 Add lines 18 and 19 . . . . . . . . . . . . . . . . 20

21 If the estate or trust is filing Form 4952, enter the

amount from line 4g, otherwise, enter -0- . . ► 21

22 Subtract line 21 from line 20 If zero or less, enter -0- . . . . . . . . . . . . 22

23 Subtract line 22 from line 17 If zero or less, enter -0- . . . . . . . . . . . . . 23

24 Enter the smaller of the amount on line 17 or $2,150 . . . . . . . . . . . . . 24

25 Is the amount on line 23 equal to or more than the amount on line 24?

B Yes. Skip lines 25 through 27, go to line 28 and check the "No" box

No. Enter the amount from tine 23 25

26 Subtract line 25 from line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27 Multiply line 26 by 5% (05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28 Are the amounts on lines 22 and 26 the same?

E]Yes. Skip lines 28 thru 31. go to line 32 NO. Enter the smaller of line 17 or line 22 28

29 Enter the amount from line 26 (If line 26 is blank, enter -0-) . . . . . . . . . . 29

30 Subtract line 29 from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . 30

31 Multiply line 30 by 15% (15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 Figure the tax on the amount on line 23 Use the 2007 Tax Rate Schedule on page 27 of the

instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

33 Add lines 27, 31, and 32 , , , . , . 33

34 Figure the tax on the amount on line 17 Use the 2007 Tax Rate Schedule on page 27 of the

instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

35 Tax on all taxable income . Enter the smaller of line 33 or line 34 here and on line la of

Schedule G, Form 1041 (or line 36 of Form 990-T) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

JSA7 F 1220 3 000

Schedule D (Form 1041) 2007

AKN500 M800 04/28/2008 10:02:26 8-655530012 39 -

SCHEDULE D-1 Continuation Sheet for Schedule D(Form 1041) (Form 1041)Department of the Treasury ► See instructions for Schedule D (Form 1041).

Internal Revenue Service ► Attach to Schedule D to list additional transactions for lines 1a and 6a.

OMB No 1545-0092

2007Name of estate or trust Employer identification number


ff^ Short-Term Capital Gains and Losses - Assets Held One Year or Less

(a) Description of property ( Example100 sh 7% preferred of "Z" Co )

(b) Dateacquired

( mo , day , yr )

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

(d) Sales puce(see page 40 of the

instructions )

(e) Cost or other basis( see page 40 of the

instructions)

(t) Gain or (loss)Subtract (e) from (d)

1a 190. FEDEX CORPORATION02/15/2006 01/18 / 2007 21,146.00 19,825.00 1,321.00

930. INTEL CORP02/15/2006 01/18/2007 19,157.00 19,817.00 -660.00

415. JACK HENRY &

ASSOCIATES INC 03/14/2007 12/03/2007 11,070.00 9,472.00 1, 598.00

75. 3M COMPANY03/07/2007 12/03/2007 6,234.00 5,541.00 693.00

1b. Total . Combine the amounts in column (f) Enter here and on Schedule D, line 1b . . ( 2,952.00

For Paperwork Reduction Act Notice , see the Instructions for Form 1041 . Schedule D-1 (Form 1041) 2007

JSA7F1221 4 000

AKN500 M800 04/28/2008 10:02:26 8-655530012 40

eSchedule D-1 (Form 1041) 2007 Page 2

Name of estate or trust as shown on Form 1041 Do not enter name and employer identification number if shown on the other side Employer identification number


JjM Long-Term Capital Gains and Losses - Assets Held More Than One Year

(a) Description of property ( Example100 sh 7/o preferred of "Z" Co )7%

(b) Dateacquired

mo da , y r

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

(d) Sales puce( see page 40 of the

instructions )

(e) Cost or other basis(see page 40 of the

instructions)

(t) Gain or (loss)Subtract (e) from (d)

6a 1430. W.P. STEWART & CO

LTD 12/01/2003 01/18/2007 22,859.00 29,945.00 -7,086.00520. BP AMOCO PLC

12/01/2003 01/24/2007 33,565.00 22,448.00 11,117.002000. SECTOR SPDR TRUST

TECHNOLOGY SHARES OF BENEFI 02/23/2005 03/14/2007 45,597.00 39,526.00 6,071.0060. WHITE MOUNTAINS

INSURANCE GROUP INC ORDIN 12/01/2003 08/16/2007 32,105.00 33,700.00 -1,595.00

555. AVON PRODUCTS INC CO09/12/2005 12/03/2007 21,745.00 17,666.00 4,079.00

200. EXXON MOBIL CORP12/01/2003 12/03/2007 17,718.00 7,292.00 10,426.00

1342. FINANCIAL FEDERAL

CORP 12/01/2003 12/03/2007 29,502.00 29,677.00 -175.0080. ILL TOOL WORKS

INCORPORATED 02/23/2005 12/03/2007 4,401.00 3,599.00 802.00115. PEPSICO INC COM

12/01/2003 12/03/2007 8,813.00 5,591.00 3,222.00380. SIGMA ALDRICH CORP

COM 12/01/2003 12/03/2007 20,007.00 10,482.00 9,525.00220. SMITH & NEPHEW PLC #SPONSORED ADR 09/12/2005 12/03/2007 12,916.00 10,953.00 1,963.001120. TCF FINANCIAL CORP

12/01/2003 12/03/2007 21,705.00 29,902.00 -8,197.00200. WATERS CORP

02/15/2006 12/03/2007 15,814.00 8,494.00 7,320.00450.207 $ EUROPACIFIC

GROWTH FUND CLASS F 12/03/2003 12/04/2007 25,000.00 16,508.00 8,492.00

6b. Total. Combine the amounts in column (f) Enter here and on Schedule D, line 6b . . I 45, 964.00

Schedule D - 1 (Form 1041) 2007

JSA7F12224000

AKN500 M800 04/28/2008 10:02:26 8-655530012 41

.,THE F,DWIN J. MAY FOUNDATION

FEDERAL CAPITAL GAIN DIVIDENDS

LONG- TERM CAPITAL GAIN DIVIDENDS

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

15% RATE CAPITAL GAIN DIVIDENDS

$ EUROPACIFIC GROWTH FUND CLASS F

TEMPLETON FUNDS INC FOREIGN FUND

TOTAL 15% RATE CAPITAL GAIN DIVIDENDS

TOTAL LONG- TERM CAPITAL GAIN DIVIDENDS

65-0501566

10,458.0033,432.00

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

43,890.00------------

43,890.00

STATEMENT 1

XD576 2 000AKN500 M800 04/28/2008 10:02:26 8-655530012 42 B

a.form990-pf 2©07 - foundation...

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