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Home My WebLink About01-12-95 1= - SECOND AND FINAL ACCOUNT OF JOHN M. EAKIN, TRUSTEE UNDER THE WILL OF MARIE J. SMITH, LATE OF LOWER ALLEN TOWNSHIP CUMBERLAND COUNTY, PENNSYLVANIA : Marie J. Smith died Date of Trustee's first receipt of funds Account stated for the period : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA . . . . ORPHANS' COURT DIVISION ESTATE NO. 21-78-636 November 10, 1978 January 8, 1980 January 8, 1980 to December 31, 1994 PURPOSE OF ACCOUNT: The Trustee offers this account to acquaint interested parties with the transactions that have occurred during his administration of the trust. can be discussed with: Requests for additional information or questions or objections John M. Eakin, Trustee Market Square Building Mechanicsburg, PA 17055 Telephone: 717-766-3172 SUMMARy OF ACCOUNT PRINCIPAL Receipts Net Gain (or Loss) on Sales or other Disposition $399,331.42 $ 32,516.89 Balance before Distributions ----------- $431,848.31 Distributions to Colleges and Universities and Charities $431,055.34 Principal Balance on Hand ----------- $ 792.97 ----------- INCOME Receipts Less Disbursements for Administration Distributions to Colleges and Universities and Charities $244,898.29 $ 35,534.63 $208,558.66 Total Disbursements ----------- $244,093.29 Income Balance on Hand ----------- $ 805.00 ----------- Combined Balance on Hand $ 1,597.97 ----------- ----------- Reserved for Final Accounting: Greenawalt & Co., Account Preparation, Estimated $ 700.00 Register of Wills, filing fees, Estimated $ John M. Eakin, Attorney fees, Final Account $ 150.00 200.00 ----------- $ 1,050.00 - RECEIPTS OF PRINCIPAL Assets Awarded trustee by adjudication, dated October 10, 1979 of Marie J. Smith on the First and Final Account of the Executor and the Schedule of Distribution pursuant thereto: 1. Sixty Food Fair Development 6% Bonds of June 15, 1984 @ $725 $ 43,500.00 $ 5,749.18 $ 30,000.00 2. U.S. Series E Bonds as per account 3. U.S. Treasury Notes, Series 1980 4. Certificate of Deposit No. 4049, First Bank & Trust Company of Mechanicsburg $ 10,000.00 5. Certificate of Deposit No. 5283, First Bank & Trust Company of Mechanicsburg $ 60,000.00 6. Certificate of Deposit No. 6693258, Cumberland Valley Savings & Loan $ 15,000.00 7. Certificate of Deposit No. 3059, Carlisle Building & Loan $ 15,000.00 8. Certificate of Deposit No. 3126, Commonwealth National Bank $ 15,000.00 9. Cash $193,017.83 $ 12,064.41 10. Due from Estate ----------- TOTAL $399,331.42 - 5/9/80 5/9/80 GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS 588.772 shares American Balanced Fund Not Proceeds Fiduciary acquisition Value Axe-Houghton Fund Fiduciary acquisition Value 12/16/80 60 Food Fair Development 6% Bonds Fiduciary acquisition Value 2/3/88 - Keystone Custodian Fund Fiduciary acquisition Value GAIN LOSS $ 4,557.10 - 0 - $ 4,557.10 ---------- $ 5,057.13 - 0 - $ 5,057.13 ---------- $60,000.00 $43,500.00 $16,500.00 ---------- $ 6,402.66 - 0 - $ 6,402.66 ---------- ---------- ------ Total Gains and Losses $32,516.89 $_ 0 _ Less Loss _ 0 _ Net Gain ---------- $32,516.89 ---------- ---------- DISBURSEMENTS OF PRINCIPAL Principal disbursements for the accounting period January 8, 1980 to December 31, 1994, were as follows: DISTRIBUTIONS TO COLLEGES AND UNIVERSITIES AND CHARITIES: Johnson Wales College Franklin & Marshall College Slippery Rock State University University of Pennsylvania Law School University of Central Arkansas Temple University School of Law West Chester State University Lafayette College Bloomsburg State University Pennsylvania State University Messiah College Mental Health Assoc. of York County Eastern Mennonite College Millersville State University Toccoa Falls Institute Juniata College Drexel University Georgetown School of Law Golden West College Philadelphia College of Osteopathic Medicine Indiana University of Pennsylvania University of Pittsburgh School of Law Pacific Coast College MCCurdy School Smith College Wilson College Harrisburg Central YMCA Shippensburg State University Marshal Wyeth School of Law Edinboro State University $ 11,528.84 117,500.00 42,447.00 17,500.00 17,040.00 9,640.00 10,743.00 18,980.00 9,942.50 27,100.00 3,700.00 500.00 10,500.00 23,000.00 9,484.00 11,600.00 6,500.00 8,350.00 20,700.00 13,000.00 1,500.00 5,000.00 12,000.00 7,700.00 1,500.00 1,300.00 1,800.00 6,250.00 3,000.00 1,250.00 ----------- Total Distributions to Colleges and Universities and charities $431,055.34 - RECEIPTS OF INCOME Income Receipts for the accounting period January 8, 1980 to December 31, 1994 were as follows: Interest Income for the years ended: December 31, 1980 December 31, 1981 December 31, 1982 December 31, 1983 December 31, 1984 December 31, 1985 December 31, 1986 December 31, 1987 December 31, 1988 December 31, 1989 December 31, 1990 December 31, 1991 December 31, 1992 December 31, 1993 December 31, 1994 $35,647.17 $65,070.38 $36,267.74 $30,063.08 $23,028.18 $11,998.41 $12,553.46 $11,223.96 $ 7,416.20 $ 5,386.16 $ 3,450.00 $ 1,969.09 $ 824.46 $ - 0 - $ - 0 - ---------- Total Income Receipts $244,898.29 ----------- ----------- - DISBURSEMENTs OF INCOME Income disbursements for the accounting period January 8, 1980 to December 31, 1994 were as follows: Costs of Administration: John M. Eakin, Administrative expense John M. Eakin, Trustee fees John M. Eakin, Attorney fees Commonwealth National Bank Service Charges First Bank & Trust Company/PNC Bank Service Charges Greenawalt & Company, P.C.- Tax forms, preparation, assistance with accounting Internal Revenue Service, excise taxes Internal Revenue Service, penalties and interest Cumberland Law Journal - legal ads West Shore Times - legal ads Register of Wills - filing fees Total Administration Disbursements Distributions to Colleges and Universities and Charities: Thaddeus Stevens Trade School College of Southern Idaho The Way International Dickinson School of Law York College Albright College Gettysburg College Mechanicsburg Senior Adult Center WITF-TV (Public Radio - TV) Christian Record Braille Lebanon Valley College Johnson Wales College Total Distributions to Colleges, Universities and Charities TOTAL DISBURSEMENTS OF INCOME - $ 1,791.42 $24,746.86 $ 200.00 $ 17.75 $ 127.18 $ 3,195.00 $ 4,660.00 $ $ $ $ 515.52 187.20 31. 70 62.00 ---------- $35,534.63 ---------- ---------- $ 8,000.00 $11,000.00 $ 500.00 $94,605.00 $15,882.00 $41,139.50 $27,000.00 $ 1,000.00 $ 450.00 $ 200.00 $ 3,000.00 $ 5,782.16 ---------- $208,558.66 ----------- $244,898.29 ----------- ----------- PROPOSED DISTRIBUTION The Accountant proposes to pay the cost of filing the account, the accountants fee for preparation and a $200.00 attorney fee in the estimated amount of $1,050.00 from the balance on hand of $1,5907.97 and contribute the balance to Slippery Rock University. STATE OF PENNSYLVANIA SS COUNTY OF CUMBERLAND John M. Eakin, Trustee under the will of Marie J. Smith, declares under oath that he as Trustee has faithfully discharged the duties of his office; that the foregoing Second and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the trust have been paid in full; that to his knowledge there are no claims now outstanding against the trust; that all taxes presently due from the trust have been paid. ~~h7 / John M. ..~! '., I) U4~ Eakin v Sworn and subscribed to before me this JII~ay of January, 1995. ;Jj&,Jy< ~ 5:)~ , Natary'p lic )'.....~"'~...... 1 M-r""'K ~1a1~' u.......:. .elf..", 3" ,~....... vt"'iI '''''''''-''I<ln-Y'<h 'r:)";;' -...r\8/, N.::',;>ry 0.",._ , r< ...............,~ rOT') f.... ......,....,. l U(..I!5C' , MYLrO.rnr1";'l..'''':'~'nE' '--:iJJ,.C....":y!n.f}:.il~..lJ'jtv ;J[:r.;:::~/.:;7:~r:;, :~~~:'~~f~ rio, ;;; i,;.' 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