Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
L & N ANDREAS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3584 ANDREAS OFFICE   Room/suite
City or town, state, and ZIP code
MANKATO, MN560023584
A Employer identification number

36-3382956
B Telephone number (see page 10 of the instructions)

(507) 345-1233
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$33,308,179J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 9,886,817
2 Check bullet
3 Interest on savings and temporary cash investments 268 268  
4 Dividends and interest from securities...... 558,772 558,772  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,424,834
b Gross sales price for all assets on line 6a 17,131,168
7 Capital gain net income (from Part IV, line 2)... 1,424,834
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 11,870,691 1,983,874  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 34,224 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,312 21,447   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,536 21,447   0
25 Contributions, gifts, grants paid........ 2,365,290 2,365,290
26 Total expenses and disbursements. Add lines 24 and 25 2,420,826 21,447   2,365,290
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,449,865
b Net investment income (if negative, enter -0-) 1,962,427
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... -13,695 30,727 30,727
2 Savings and temporary cash investments.......... 795,543 10,071,406 10,071,406
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 20,267,796 Click to see attachment17,835,553 20,657,486
c Investments—corporate bonds (attach schedule)........ 1,983 Click to see attachment2,576,841 2,548,560
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,051,624 30,514,527 33,308,179
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment6,006 Click to see attachment19,044
23 Total liabilities (add lines 17 through 22).......... 6,006 19,044
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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
29 Retained earnings, accumulated income, endowment, or other funds 21,045,618 30,495,483
30 Total net assets or fund balances (see page 17 of the
instructions).................... 21,045,618 30,495,483
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 21,051,624 30,514,527
Part III 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)............... 1 21,045,618
2 Enter amount from Part I, line 27a...................... 2 9,449,865
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 30,495,483
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 30,495,483
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a DWS SHORT TERM MUNICIPAL BOND   2009-07-01 2010-01-07
b DWS SHORT TERM MUNICIPAL BOND   2009-07-29 2010-01-07
c DWS SHORT TERM MUNICIPAL BOND   2009-08-27 2010-01-07
d DWS SHORT TERM MUNICIPAL BOND   2009-09-28 2010-01-07
e DWS SHORT TERM MUNICIPAL BOND   2009-10-28 2010-01-07
DWS SHORT TERM MUNICIPAL BOND   2009-11-25 2010-01-07
DWS SHORT TERM MUNICIPAL BOND   2009-12-29 2010-01-07
EATON VANCE TAX MANAGED   2009-05-29 2010-01-11
EATON VANCE TAX MANAGED   2009-08-31 2010-01-11
EATON VANCE TAX MANAGED   2009-04-04 2010-01-11
ISHARES INCORPORATED MSCI   2009-06-29 2010-01-13
ISHARES INCORPORATED MSCI   2009-04-04 2010-01-13
ISHARES INCORPORATED MSCI   2009-06-29 2010-01-15
EATON VANCE TAX MANAGED   2009-08-31 2010-01-27
PEABODY ENERGY CORPORATION   2009-04-04 2010-03-04
WHITING PETE CORPORATION NEW   2009-06-24 2010-03-04
JAPAN SMALLER CAPTLZTN FD   2009-04-04 2010-04-01
WHITING PETE CORPORATION NEW   2009-06-24 2010-04-01
WHITING PETE CORPORATION NEW   2009-07-08 2010-04-01
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-22
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-22
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-01-07 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-01-11 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-01-27 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-02-24 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-03-29 2010-04-22
DWS GLOBAL INFLATION PLUS FUND   2010-04-08 2010-04-22
ARCH COAL INCORPORATED   2009-04-04 2010-04-23
BLACKROCK GLOBAL OPP EQTY TR   2009-04-04 2010-04-23
KBR INCORPORATED   2009-04-04 2010-04-23
PFIZER INCORPORATED   2009-04-04 2010-04-23
PROVIDENT ENERGY TR   2009-04-20 2010-04-23
PROVIDENT ENERGY TR   2009-05-19 2010-04-23
PROVIDENT ENERGY TR   2009-06-17 2010-04-23
PROVIDENT ENERGY TR   2009-07-17 2010-04-23
PROVIDENT ENERGY TR   2009-08-18 2010-04-23
PROVIDENT ENERGY TR   2009-09-17 2010-04-23
PROVIDENT ENERGY TR   2009-10-19 2010-04-23
PROVIDENT ENERGY TR   2009-11-17 2010-04-23
PROVIDENT ENERGY TR   2009-04-04 2010-04-23
USEC INCORPORATED   2009-04-04 2010-04-23
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-26
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-26
PROVIDENT ENERGY TR   2009-11-17 2010-04-26
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-28
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-28
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-29
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-04-30
BLACKROCK GLOBAL OPP EQTY TR   2009-08-31 2010-05-03
BLACKROCK GLOBAL OPP EQTY TR   2009-04-04 2010-05-03
BLACKROCK GLOBAL OPP EQTY TR   2009-08-31 2010-05-04
POWERSHARES ETF TRUST   2009-04-04 2010-05-10
POWERSHARES ETF TRUST   2009-04-04 2010-05-10
POWERSHARES ETF TRUST   2009-04-04 2010-05-11
BNP PARIBAS 38M SHARPE RATIO-L   2009-04-04 2010-05-28
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-06-17
ROYCE MICRO-CAP TR   2010-07-01 2010-07-01
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-07-22
GENERAL COMMUNICATION   2009-04-04 2010-07-26
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-07-27
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-07-27
LSI CORPORATION   2009-04-04 2010-07-27
SUN LIFE FINL INCORPORATED   2009-04-04 2010-07-27
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-02
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-02
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-02
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-04
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-06
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-06
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-06
GENERAL COMMUNICATION   2009-04-04 2010-08-06
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-08-17
ISHARES TR S&P500 GRW   2009-06-29 2010-08-17
ISHARES TR S&P500 GRW   2009-09-29 2010-08-17
ISHARES TR S&P500 GRW   2009-04-04 2010-08-17
ISHARES TR S&P500 GRW   2009-09-29 2010-08-18
OPPENHEIMER QUEST OPPORTUNITY   2009-06-15 2010-08-24
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-01
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-01
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-01
GENERAL COMMUNICATION   2009-04-04 2010-09-03
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-08
GENERAL COMMUNICATION   2009-04-04 2010-09-09
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-13
GENERAL COMMUNICATION   2009-04-04 2010-09-14
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-16
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-09-22
BLACKROCK GLOBAL OPPORTUNITIES   2009-12-15 2010-09-23
BLACKROCK GLOBAL OPPORTUNITIES   2009-04-04 2010-09-23
BLACKROCK ENERGY & RES TR   2009-04-04 2010-09-30
AXA SA SPONSORED ADR (FRANCE)   2009-04-04 2010-10-05
MATTEL INCORPORATED   2009-04-04 2010-10-05
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-10-08
BLACKROCK DIVID ACHIEVRS TM TR   2009-08-20 2010-10-08
BLACKROCK DIVID ACHIEVRS TM TR   2009-08-24 2010-10-08
BLACKROCK DIVID ACHIEVRS TM TR   2009-09-30 2010-10-08
NISOURCE INCORPORATED   2009-04-04 2010-10-08
PCM FUND INCORPORATED   2009-09-09 2010-10-08
BLACKROCK DIVID ACHIEVRS TM TR   2009-09-30 2010-10-12
PCM FUND INCORPORATED   2009-09-09 2010-10-13
WILLIAMS COMPANIES   2009-04-04 2010-10-13
PCM FUND INCORPORATED   2009-09-09 2010-10-14
PCM FUND INCORPORATED   2009-09-09 2010-10-14
PCM FUND INCORPORATED   2009-09-09 2010-10-14
PCM FUND INCORPORATED   2009-09-09 2010-10-22
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-10-25
HICKORY TECH CORPORATION   2009-04-04 2010-10-29
CALL: ARCHER DANIELS MIDLAND C   2010-08-17 2010-11-30
ARCHER DANIELS MIDLAND COMPANY   2009-04-04 2010-12-17
CALL: ARCHER DANIELS MIDLAND   2010-08-05 2010-12-17
CALL: ARCHER DANIELS MIDLAND   2010-10-05 2010-12-20
CALL: ARCHER DANIELS MIDLAND C   2010-08-03 2010-12-20
ROYCE MICRO-CAP TR   2010-05-20 2010-12-27
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 253,735   250,000 3,735
b 346   343 3
c 479   475 4
d 477   478 -1
e 471   468 3
415   415 0
456   456 0
13,731   10,207 3,524
7,629   6,668 961
58,301   38,391 19,910
311   291 20
60,038   48,490 11,548
3   3 0
4   4 0
36,203   21,028 15,175
38,391   17,416 20,975
45,094   30,225 14,869
24,709   10,449 14,260
41,181   15,155 26,026
284,590   286,300 -1,710
29,212   29,346 -134
256,317   257,670 -1,353
260,553   256,380 4,173
137   135 2
94   93 1
176   173 3
192   188 4
37   36 1
27,735   14,520 13,215
20,325   13,641 6,684
39,281   24,610 14,671
73,974   61,813 12,161
568   308 260
527   321 206
499   336 163
580   339 241
592   354 238
516   360 156
245   184 61
219   177 42
27,808   13,566 14,242
18,055   16,155 1,900
142,893   143,150 -257
143,198   143,150 48
6   5 1
139,993   143,150 -3,157
140,798   143,150 -2,352
141,143   143,150 -2,007
141,420   143,150 -1,730
7,514   6,611 903
113,820   76,715 37,105
8   7 1
72,144   53,063 19,081
57,919   42,450 15,469
72,794   53,063 19,731
257,245   254,225 3,020
134,493   143,150 -8,657
10,663   10,663 0
276,990   286,300 -9,310
42,994   35,275 7,719
280,490   286,300 -5,810
140,650   143,150 -2,500
14,788   10,575 4,213
4,487   3,243 1,244
141,306   143,150 -1,844
140,653   143,150 -2,497
283,495   286,300 -2,805
432,438   429,450 2,988
288,295   286,300 1,995
288,295   286,300 1,995
288,547   286,300 2,247
145,248   143,150 2,098
143,132   143,150 -18
290,390   286,300 4,090
218,996   214,725 4,271
16,906   16,520 386
276,089   269,780 6,309
441,743   429,450 12,293
443,992   429,450 14,542
295,495   286,300 9,195
446,992   429,450 17,542
452,992   429,450 23,542
454,492   429,450 25,042
302,995   286,300 16,695
458,987   429,450 29,537
461,242   429,450 31,792
463,492   429,450 34,042
23,195   17,638 5,557
461,987   429,450 32,537
1,858   1,562 296
1,610   1,526 84
450,312   345,682 104,630
46   43 3
77,891   75,000 2,891
470,237   429,450 40,787
473,242   429,450 43,792
477,742   429,450 48,292
37,921   27,585 10,336
481,487   429,450 52,037
10,579   7,690 2,889
493,187   429,450 63,737
24,278   17,638 6,640
496,527   429,450 67,077
332,592   286,300 46,292
1,561   1,569 -8
130,056   95,451 34,605
22,090   14,200 7,890
2,491   1,983 508
38,519   20,713 17,806
166,256   143,150 23,106
25,842   20,415 5,427
39,756   32,285 7,471
1,262   1,068 194
57,832   32,893 24,939
54,644   36,300 18,344
6   5 1
17,766   11,834 5,932
42,877   24,560 18,317
43,714   29,040 14,674
43,759   29,040 14,719
43,799   29,040 14,759
44,466   29,534 14,932
508,486   429,450 79,036
21,429   12,567 8,862
19,995   1,305 18,690
289,990   286,297 3,693
15,995   2,380 13,615
18,995     18,995
15,795     15,795
5   4 1
12,223     12,223
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       3,735
b       3
c       4
d       -1
e       3
      0
      0
      3,524
      961
      19,910
      20
      11,548
      0
      0
      15,175
      20,975
      14,869
      14,260
      26,026
      -1,710
      -134
      -1,353
      4,173
      2
      1
      3
      4
      1
      13,215
      6,684
      14,671
      12,161
      260
      206
      163
      241
      238
      156
      61
      42
      14,242
      1,900
      -257
      48
      1
      -3,157
      -2,352
      -2,007
      -1,730
      903
      37,105
      1
      19,081
      15,469
      19,731
      3,020
      -8,657
      0
      -9,310
      7,719
      -5,810
      -2,500
      4,213
      1,244
      -1,844
      -2,497
      -2,805
      2,988
      1,995
      1,995
      2,247
      2,098
      -18
      4,090
      4,271
      386
      6,309
      12,293
      14,542
      9,195
      17,542
      23,542
      25,042
      16,695
      29,537
      31,792
      34,042
      5,557
      32,537
      296
      84
      104,630
      3
      2,891
      40,787
      43,792
      48,292
      10,336
      52,037
      2,889
      63,737
      6,640
      67,077
      46,292
      -8
      34,605
      7,890
      508
      17,806
      23,106
      5,427
      7,471
      194
      24,939
      18,344
      1
      5,932
      18,317
      14,674
      14,719
      14,759
      14,932
      79,036
      8,862
      18,690
      3,693
      13,615
      18,995
      15,795
      1
      12,223
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,424,834
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 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
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 page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 18,826,755 5,081,202 3.705177
2008 30,000 1,618,609 0.018534
2007 5,338,935 4,656,135 1.146645
2006 556,000 4,168,168 0.133392
2005 2,965,679 334,830 8.857268
2 Total of line 1, column (d) ...................... 2 13.861016
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 2.772203
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 29,024,751
5 Multiply line 4 by line 3....................... 5 80,462,502
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 19,624
7 Add lines 5 and 6......................... 7 80,482,126
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,365,290
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 39,249
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 39,249
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 39,249
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 37,000
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 37,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,249
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
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)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, 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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMN
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    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) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDEAN WUEBKER ANDREAS OFFICE Telephone no.bullet (507) 345-1233
    Located atbullet40 GOOD COUNSEL DRIVE SUITE 10MANKATOMN ZIP+4bullet56001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-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
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    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.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (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)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
    Yes
     
    .........bullet
    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?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ANDREAS LEE PRESIDENT & SECRETARY
    0.00     		0 0 0
    2155 EMERALD ROAD
    BOULDER,CO80304
    DAVID ANDREAS V.P. & TREAS
    0.00     		0 0 0
    4501 STRAWBERRY LANE
    GOLDEN VALLEY,MN55416
    CAYMAN CAMPBELL TRUSTEE
    0.00     		0 0 0
    624 BAY312 HELMSDALE DRIVE
    CHAPEL HILL,NC27517
    JASON LEE TRUSTEE
    0.00     		0 0 0
    2320 RESERVOIR STREET
    LOS ANGELES,CA90026
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional 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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    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, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,226,770
    b
    Average of monthly cash balances.......................
    1b
    5,239,982
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,466,752
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    29,466,752
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    442,001
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,024,751
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,451,238
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,451,238
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    39,249
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,249
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,411,989
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,411,989
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,411,989
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,365,290
    b
    Program-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
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,365,290
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,365,290
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 1,411,989
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 1,900,463
    b From 2006....... 392,976
    c From 2007....... 5,109,264
    d From 2008.......  
    e From 2009....... 18,576,661
    fTotal of lines 3a through e......... 25,979,364
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,365,290
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 1,411,989
    e Remaining amount distributed out of corpus 953,301
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 26,932,665
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		1,900,463
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		25,032,202
    10 Analysis of line 9:
    a Excess from 2006.... 392,976
    b Excess from 2007.... 5,109,264
    c Excess from 2008....  
    d Excess from 2009.... 18,576,661
    e Excess from 2010.... 953,301
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    ANDREAS LEE
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    826LA
    1714 W SUNSET BLVD
    LOS ANGELES,CA90026     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    A PLACE CALLED HOME
    2830 S CENTRAL AVENUE
    LOS ANGELES,CA90011     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    ARC OF MN SOUTHWEST INC
    709 S FRONT ST SUITE 3
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    BOYSGIRLS CLUBS OF E PIEDMONT
    PO BOX 1788
    PITTSBORO,NC27312     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 20,000
    CAMP PATTERSON INC
    46813 CAPE HORN ROAD
    CLEVELAND,MN56017     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 12,000
    CAROLINA OUTREACH FOUNDATION
    2670 DURHAM CHAPEL HILL BLVD
    DURHAM,NC27707     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    CENTER FOR GROWTH & JUSTICE
    2324 UNIVERSITY AVE W STE 120A
    ST PAUL,MN55114     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    CHILDREN'S HEARTLINK
    5075 ARCADIA AVE
    MINNEAPOLIS,MN55436     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 30,000
    CHILDREN'S MUSEUM OF SO MN
    PO BOX 3103
    MANKATO,MN56002     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    CONSERVANCY OF SOUTHWEST FLORIDA
    1450 MERRIHUE DRIVE
    NAPLES,FL34102     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    COVENANT COLLEGE
    14049 SCENIC HWY
    LOOKOUT MOUNTAIN,GA30750     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 21,000
    COVENANT THEOLOGICAL SEMINARY
    12330 CONWAY ROAD
    ST LOUIS,MO53141     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    DAIRY CENTER FOR THE ARTS
    2590 WALNUT STREET
    BOULDER,CO80302     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    DORDT COLLEGE
    498 FOURTH AVENUE NE
    SIOUX CENTER,IA51250     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 21,000
    ECHO FOOD SHELF
    PO BOX 3212
    MANKATO,MN56002     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    EDUCARE FOUNDATION
    PO BOX 241
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 15,000
    FEDERATED INSURANCE FNDT
    121 E PARK SQUARE
    OWATONNA,MN55060     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 15,000
    FOUNDATION OF PSP
    30 E PADONIA ROAD SUITE 201
    TIMONIUM,MD21093     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    FRANCONIA SCULPTURE PARK
    29836 ST CROIX TRAIL
    FRANCONIA,MN55074     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 40,000
    FRIENDS OF ICS
    200 SLIGH BLVD NE
    GRAND RAPIDS,MI49505     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 21,000
    GLOBAL EDUCATION FUND
    1105 SPRUCE STREET
    BOULDER,CO80302     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    GREATER MANKATO UNITED WAY
    101 N 2ND STREET 100
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 25,000
    GROVES ACADEMY
    3200 HWY 100 SOUTH
    ST LOUIS PARK,MN55416     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 233,300
    GROWE FOUNDATION
    357 MAIN STREET 7
    LONGMONT,CO80504     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    GUTHRIE THEATRE
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    HABITAT FOR HUMANITY
    PO BOX 222
    MANKATO,MN56002     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    HABITAT FOR HUMANITY - LA
    17700 S FIGUEROA STREET
    GARDENA,CA90248     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 12,500
    HAVERFORD COLLEGE
    370 LANCASTER AVE
    HAVERFORD,PA19041     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 18,000
    HOSPICE FAMILY FUNDRAISER
    1025 MARSH STREET
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    HOUSE OF HOPE INC
    BOX 291
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 25,000
    ILLUSION THEATER
    528 HENNEPIN AVE STE 704
    MINNEAPOLIS,MN55403     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    IMPACT ON EDUCATION
    75 MANHATTAN DRIVE 205
    BOULDER,CO80303     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    INTERVARSITY CHRISTIAN FELLOWSHIP
    PO BOX 7895
    MADISON,WI53707     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    KIDS AGAINST HUNGER
    500 PATTERSON AVENUE
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    LAKE FOREST ACADEMY
    1500 W KENNEDY ROAD
    LAKE FOREST,IL60045     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 30,000
    LAWS OF LIFE - MANKATO
    110 CRESTWOOD DRIVE
    MANKATO,MN56003     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,400
    MACPHAIL CENTER FOR MUSIC
    501 S 2ND STREET
    MINNEAPOLIS,MN55401     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    MANKATO AREA FND-SCULPTURE WALK
    220 E MAIN STREET SUITE 5
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    MANKATO AREA FNDT-CCP
    220 E MAIN STREET SUITE 5
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    MANKATO AREA FNDT-DUSTIN LEMPKE
    220 E MAIN STREET SUITE 5
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 6,000
    MANKATO AREA FNDT-M HEINTZ FUND
    220 E MAIN STREET SUITE 5
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 20,000
    MANKATO AREA FNDT-VISION VESTOR
    220 E MAIN STREET NO 5
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 7,500
    MANKATO CENTRAL HIGH SCHOOL
    110 FULTON STREET
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 7,500
    MANKATO KIWANIS FOUNDATION
    PO BOX 3049
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,500
    MARQUETTE-ALGER RESA
    321 EAST OHIO STREET
    MARQUETTE,MI59855     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    MEDICAL FOUNDATION OF NC
    CAMPUS BOX 7295
    CHAPEL HILL,NC27599     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 12,000
    MEDICINE HORSE PROGRAM
    8778 ARAPAHOE ROAD
    BOULDER,CO80303     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    MICROGRANTS
    1035 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55404     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 30,000
    MINNEAPOLIS COLLEGE OF ART & DESIGN
    2501 STEVENS AVENUE SOUTH
    MINNEAPOLIS,MN55404     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 20,000
    MINNESOTA NEWS COUNCIL
    12 SOUTH SIXTH STREET STE 1120
    MINNEAPOLIS,MN55402     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 1,200
    MINNESOTA YOUTH SYMPHONIES
    790 CLEVELAND AVE S STE 203
    ST PAUL,MN55116     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    MN CIVIL LIBERTIES FOUNDATION
    2300 MYRTLE AVE SUITE 180
    ST PAUL,MN55114     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    MN IND SCHOOL FORUM INC
    445 MN STREET SUITE 505
    ST PAUL,MN55101     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 1,500
    MONTESSORI DAY SCHOOL PARENT GROUP
    1165 WEAVER DAIRY ROAD
    CHAPEL HILL,NC37514     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,000
    NCH HEALTHCARE FOUNDATION
    PO BOX 234
    NAPLES,FL34106     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 17,530
    NCVO
    PO BOX 1140
    GRAND CAYMAN,GRAND CAYMAN  
    CJ     		N/A FOREIGN CHARITY SEE STATEMENT 8 100,000
    NEWMAN CENTER
    1331 WARREN
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    PAGE EDUCATION FOUNDATION
    PO BOX 581254
    MINNEAPOLIS,MN55458     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    PARENTING PLACE
    1235 PINE STREET
    BOULDER,CO80302     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    PARTNERS FOR AFFORDABLE HOUSEING
    121 AHLSTROM ROAD APT 2
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 35,000
    PLANNED PARENTHOOD MNNDSD
    220 ROBERT ST S STE 207
    ST PAUL,MN55107     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 3,000
    REACHOUT CRESTVIEW
    1897 SUMAC AVENUE
    BOULDER,CO80304     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    REFORMED THEOLOGICAL SEMINARY
    5422 CLINTON BLVD
    JACKSON,MS39209     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 30,000
    RONALD MCDONALD HOUSE CHAPEL HILL
    101 OLD MASON FARM ROAD
    CHAPEL HILL,NC27517     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 580
    SAFEHOUSE PROGRESSIVE ALLIANCE
    835 NORTH STREET
    BOULDER,CO80304     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    SCHOLARSHIP AMERICA INC
    ONE SCHOLARSHIP WAY
    ST PETER,MN56082     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 3,600
    SCHOOL FOR FIELD STUDIES INC
    10 FEDERAL STREET SUITE 24
    SALEM,MA01970     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVENUE
    ST PAUL,MN55109     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 1,000
    SECU FAMILY HOUSE AT UNC
    PO BOX 16606
    CHAPEL HILL,NC27516     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    SHARING AND CARING HANDS
    525 N 7TH STREET
    MINNEAPOLIS,MN55405     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    SHATTUCKS ST MARY'S
    1000 SHUMWAY AVE
    FAIRBAULT,MN55021     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 1,000,000
    SMILE NETWORK INT'L
    211 N 1ST ST SUITE 150
    MINNEAPOLIS,MN55401     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,000
    SOUTH CENTRAL COLLEGE
    1920 LEE BOULEVARD
    NORTH MANKATO,MN56003     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 7,500
    SOUTHERN MN INITIATIVE FNDT
    525 FLORENCE AVENUE
    OWATONNA,MN55060     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 35,000
    SPECIAL OLYMPICS MINNESOTA INC
    100 WASHINGTON AVE S STE 550
    MINNEAPOLIS,MN55401     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,000
    ST DAVID'S RELIEF
    4355 I-30 SUITE 101
    MESQUITE,TX75150     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 25,000
    SUSAN G KOMEN BREAST CANCER
    5005 LBJ FREEWAY SUITE 250
    DALLAS,TX75244     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 2,000
    THERE WITH CARE
    4949 NORTH BROADWAY SUITE 124
    BOULDER,CO80304     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 20,000
    THORNE EDOLOGICAL INSTITUTE
    1466 NORTH 63RD STREET
    BOULDER,CO80303     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    UNITED WAY INC
    1150 S OLIVE STREET SUITE T500
    LOS ANGELES,CA90015     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    UNITED WAY OF COLLIER COUNTY
    848 1ST AVENUE NORTH STE 240
    NAPLES,FL34102     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    UNIVERSITY OF ST THOMAS
    2115 SUMMIT AVENUE
    ST PAUL,MN55105     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    UPWARD BOUND HOUSE
    1104 WASHINGTON AVENUE
    SANTA MONICA,CA90403     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    URBAN VENTURES FOUNDATION
    3041 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 40,000
    VICTORY JUNCTION GANG CAMP
    4500 ADAMS WAY
    RANDLEMAN,NC27317     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    VINE FAITH IN ACTION
    1618 THIRD AVENUE
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 1,680
    VOICES FOR CHILDREN INC
    2305 CANYON ROAD
    BOULDER,CO80302     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    WESTMINSTER THEOLOGICAL SEMINARY
    PO BOX 27009
    PHILADELPHIA,PA19118     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 26,000
    WOMEN'S WILDERNESS INSTITUTE
    5723 ARAPAHOE AVE B1
    BOULDER,CO80303     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 5,000
    YMCA - MANKATO
    1401 S RIVERFRONT DRIVE
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    YOUTH FRONTIER
    6009 EXCELSIOR BLVD
    MINNEAPOLIS,MN55416     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    YWCA - MANKATO
    209 S 2ND STREET SUITE 314
    MANKATO,MN56001     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 10,000
    YWCA OF THE TRIANGLE AREA
    801 CORPORATE CTR DR STE 200
    RALEIGH,NC27607     		N/A SEE GENERAL EXPLANAT GRANT IS FOR RECIPIENTS GENERAL FUND 20,000
    Total .................................bullet 3a 2,365,290
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 268  
    4 Dividends and interest from securities....     14 558,772  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 1,424,834  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,983,874 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,983,874
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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 noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    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) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    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, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    L & N ANDREAS FOUNDATION
     
    Employer identification number

    36-3382956
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    L & N ANDREAS FOUNDATION
          		Employer identification number

    36-3382956
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    LOWELL ANDREAS ESTATE
     

         
    ANDREAS OFFICE
       
    MANKATO, MN   560023584

    		$1,680




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    LOWELL ANDREAS ESTATE    
    ANDREAS OFFICE
       
    MANKATO, MN   560023584

    		$9,877,350




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    LOWELL ANDREAS ESTATE    
    ANDREAS OFFICE
       
    MANKATO, MN   560023584

    		$7,530




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    4
     
     

    DAVID ANDREAS    
    ANDREAS OFFICE
       
    MANKATO, MN   560023584

    		$257




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    L & N ANDREAS FOUNDATION
          		Employer identification number

    36-3382956
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 ARTWORK   $1,680 2010-04-26
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 ARCHER DANIELS MIDLAND COMMON STOCK - 345,000 SHARES   $9,932,550 2010-04-05
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 ARTWORK NAPLES FLORIDA   $7,530 2010-02-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 ARCHER DANIELS MIDLAND COMMON STOCK - 4,600 SHARES   $151,593 2010-10-29
    (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)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    L & N ANDREAS FOUNDATION
          		Employer identification number

    36-3382956
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


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    TY 2010 ExpenditureResponsibilityStmt
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    NCVO (NATIONAL COUNCIL OF VOLUNTARY ORGANIZATIONS)
          		PO BOX 1140 GT
      CAYMAN ISLANDS  
    CJ     		2010-05-04 100,000 $50,000 FOR THE GENERAL FUND OF THE NADINE ANDREAS RESIDENTIAL FOSTER HOME.$50,000 FOR SPECIAL PROJECTS FOR THE NADINE ANDREAS RESIDENTIAL FOSTER HOME. 100,000 TO THE KNOWLEDGE OF THE GRANTOR NO PART HAS BEEN DIVERTED FROM ITS PURPOSE. PRELIMINARY REPORTS DATED 5/7/2010 AND 6/7/2010. FINAL REPORT 9/8/2010.   L & N ANDREAS FOUNDATION REVIEWED THE GRANT REPORT ON SEPTEMBER 8, 2010 BUT DID NOT UNDERTAKE ANY VERIFICATION OF THE GRANTEE'S REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY (REG. 53.4945-5(C)).

    TY 2010 GeneralExplanationAttachment
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Identifier Return Reference Explanation
    GRANTS AND CONTRIBUTIONS FOUNDATION STATUS FORM 990 PF PART XV ITEM 3 990 PF PART XV ITEM 3 GRANTS AND CONTRIBUTIONS FOUNDATION STATUSALL RECIPIENTS OF GRANTS ARE PUBLIC CHARITIES, ORGANIZATIONS AS DESCRIBED IN SECTION 509 (A) (1), (2) OR (3). NONE ARE TYPE III ORGANIZATIONS. ALL DISTRIBUTIONS ARE QUALIFIED.

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN CHARTERED SCHAUMBURG, IL FDIC # 27006 CERTIFICATE OF DEPOSIT MONT 125,125 125,484
    AMERICAN EAGLE BANK CHICAGO, IL FDIC # 58514 CERTIFICATE OF DEPOSIT MONTHLY 102,985 102,206
    AXA SPONSORED ADR (FRANCE) 0 0
    BANK HAPOALIM NEW YORK, NY FDIC # 33686 CERTIFICATE OF DEPOSIT SEMI-ANNUAL 98,000 99,154
    BANK OF AMERICA CHARLOTTE, NC FDIC # 3510 CERTIFICATE OF DEPOSIT SEMI-ANNUAL 98,000 99,763
    BANK OF AMERICA CORPORATION MTN STEPPED CPN 4.6250% DUE 03/30/2020 CALLABLE 101,605 95,750
    FIRSTBANK PUERTO RICO SAN JUAN, PR FDIC # 30387 CERTIFICATE OF DEPOSIT MON 245,000 244,517
    FSGBANK, NA CHATTANOOGA, TN FDIC # 35525 CERTIFICATE OF DEPOSIT MONTHLY MU 88,139 88,833
    GENERAL ELECTRIC CAPITAL CORPORATION MTN ISIN US36962G2G80 5.4000% DUE 02/ 109,371 107,043
    GENERAL ELECTRIC CAPITAL CORPORATION MTN ISIN US36962GK864 4.7500% DUE 09/ 108,567 106,923
    GENERAL ELECTRIC CAPITAL CORPORATION MTN ISIN US36966RZ829 5.6000% DUE 07/ 110,433 109,057
    GOLDMAN SACHS GROUP, INC. MTN STEPPED CPN PAYS QTRLY 3.0000% DUE 12/30/2024 98,005 98,202
    HSBC BANK USA MCLEAN, VA FDIC # 57890 CERTIFICATE OF DEPOSIT SEMI-ANNUAL M 127,809 123,478
    INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT MTN STEPPED CPN 3.50 100,625 95,056
    JPMORGAN CHASE & CO. NTS ISIN US46625HGY09 6.0000% DUE 01/15/2018 113,806 111,675
    JPMORGAN CHASE & CO. NTS ISIN US46625HHN35 4.6500% DUE 06/01/2014 107,893 106,739
    MORGAN STANLEY DEAN WITTER MTN STEPPED CPN ISIN US61745EV814 5.0000% DUE 0 100,005 99,466
    MORGAN STANLEY DEAN WITTER MTN STEPPED CPN ISIN US61745EZ617 4.0000% DUE 0 50,364 49,727
    PREMIER COMMERCIAL BANK GREENSBORO, NC FDIC # 58754 CERTIFICATE OF DEPOSIT 97,327 100,272
    PROTECTIVE LIFE INSURANCE COMPANY MTN ISIN US74367CFN02 5.0000% DUE 05/15/ 105,755 104,592
    ROCKY MOUNTAIN BANK WILSON, WY FDIC # 24334 CERTIFICATE OF DEPOSIT MONTHLY 100,340 101,738
    ROYAL BANK OF SCOTLAND PLC NTS ISIN US78010XAG60 3.9500% DUE 09/21/2015 51,361 49,152
    THE BEAR STEARNS COMPANIES INC. NTS ISIN US07385TAJ51 5.7000% DUE 11/15/20 224,581 219,750
    UBS AG STAMFORD BRANCH MTN ISIN US90261XEM02 5.8750% DUE 12/20/2017 111,745 109,983

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALVARION LIMITED SHS 36,954 28,435
    ARCH COAL INCORPORATED 0 0
    ARCHER DANIELS MIDLAND COMPANY 10,320,456 10,981,245
    AT&T INCORPORATED 25,900 30,308
    BANK OF AMERICA CORPORATION 19,953 36,018
    BAXTER INTERNATIONAL INCORPORATED 48,811 50,620
    BLACKROCK DIVID ACHIEVRS TM TR 0 0
    BLACKROCK ENERGY & RES TR 0 0
    BLACKROCK GLOBAL ALLOCATION FUND CLASS A M/F 572,285 624,604
    BLACKROCK GLOBAL OPP EQTY TR 0 0
    BLACKROCK GLOBAL OPPORTUNITIES PORT. FD CLS A 0 0
    BLACKROCK STRAT DIVD ACHIEVERS 44,284 53,450
    BNP PARIBAS 38M SHARPE RATIO-L PRIV PLCMNT SER MTN 0% 08/04/10 0 0
    CANTERBURY PARK HOLDING CORPORATION 60,000 116,200
    CHESAPEAKE ENERGY CORPORATION 19,483 25,910
    CITIGROUP INCORPORATED 9,606 16,583
    COLUMBIA ACORN FUND CLASS A M/F 147,515 252,204
    COLUMBIA SELIGMAN COMM & INFORMATION FUND CLASS A M/F 40,083 63,708
    DWS SHORT TERM MUNICIPAL BOND FUND CLASS A 0 0
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FD CLASS A M/F 1,015,908 1,007,328
    EATON VANCE TAX MANAGED GBL DV EQT 0 0
    FOSTER WHEELER AG 23,145 41,424
    FOSTER WHEELER AG (SWITZERLAND) 0 0
    FRANKLIN TEMPLETON MUTUAL GLOBAL DISCOVERY FD CLS A M/F 237,796 287,278
    GENERAL COMMUNICATION INCORPORATED CLASS A 0 0
    GENERAL ELECTRIC COMPANY 92,629 155,465
    HICKORY TECH CORPORATION 15,848 28,680
    INTEL CORPORATION 147,963 198,734
    ISHARES INCORPORATED MSCI JAPAN 0 0
    ISHARES TR INDEX S&P500 GRW 0 0
    ISHARES TR MSCI VAL IDX 120,950 170,399
    ISHARES TR RUSSELL MCP GR 293,909 520,905
    ISHARES TR S&P MIDCAP 400 291,813 512,893
    ISHARES TR S&P SMLCP VALU 41,858 71,890
    JAPAN SMALLER CAPTLZTN FD INCORPORATED 30,225 44,850
    KBR INCORPORATED 0 0
    LSI CORPORATION 0 0
    MATTEL INCORPORATED 0 0
    MERCK & COMPANY INCORPORATED NEW 88,162 117,526
    MICRON TECHNOLOGY INCORPORATED 57,785 104,260
    MICROSOFT CORPORATION 54,825 55,820
    NFJ DIVID INT & PREM STRTGY FD COM SHS 264,829 354,285
    NISOURCE INCORPORATED 0 0
    NOBLE CORPORATION BAAR NAMEN -AKT 20,327 28,616
    NVIDIA CORPORATION 19,883 27,720
    OPPENHEIMER DEVELOPING MARKETS FUND CLASS A M/F 301,870 569,796
    OPPENHEIMER INTERNATIONAL GROWTH FUND CLASS A M/F 121,405 191,786
    OPPENHEIMER MAIN STREET SMALL & MID CAP FUND CLASS A M/F 77,752 136,947
    OPPENHEIMER PORT MODERATE INVESTOR FD CL A M/F 25,154 35,458
    OPPENHEIMER QUEST OPPORTUNITY VALUE FUND CLASS A 0 0
    OPPENHEIMER SMALL AND MID CAP VALUE FUND CLASS A M/F 144,294 241,546
    PCM FUND INCORPORATED 232,857 346,399
    PEABODY ENERGY CORPORATION 0 0
    PEPSICO INCORPORATED 395,351 489,844
    PFIZER INCORPORATED 0 0
    PIMCO GLOBAL MULTI ASSET FUND CLASS A M/F 257,298 262,845
    PIMCO UNCONSTRAINED BOND FUND CLASS A M/F 451,700 447,179
    POWERSHARES ETF TRUST DYNAMIC LARGE CAP GROWTH 0 0
    PROCTER & GAMBLE COMPANY 86,341 112,578
    PROSHARES TRUST ULTRASHORT LEHMAN BROS 20 YEAR PROSHARE 69,338 66,672
    PROVIDENT ENERGY TR TR UNIT (CANADA) 0 0
    RIVERFRONT LONG TERM GROWTH FUND CLASS A M/F-ALPS FUNDS 254,757 254,107
    ROYCE MICRO-CAP TR INCORPORATED 72,664 93,472
    SELIGMAN COMMUNICATION & INFORMATION FUND CLASS A 0 0
    SPDR SERIES TRUST S&P DIVID ETF 287,030 311,880
    SUN LIFE FINL INCORPORATED (CANADA) 0 0
    TEMPLETON BRIC FUND CLASS A M/F 124,468 239,543
    TEMPLETON EMERGING MKTS FD INCORPORATED 50,285 70,710
    THORNBURG LIMITED TERM INCOME FUND CLASS A M/F 543,279 550,836
    UNITED TECHNOLOGIES CORPORATION 45,565 78,720
    USEC INCORPORATED 0 0
    VODAFONE GROUP PLC NEW SPONS ADR NEW 45,657 46,270
    WHITING PETE CORPORATION NEW 0 0
    WILLIAMS COMPANIES INCORPORATED 0 0
    WISDOMTREE TRUST INTL SMALLCAP DIVID FD 85,303 103,540

    TY 2010 OtherExpensesSchedule
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 17,959 17,959   0
    MISCELLANEOUS 3,488 3,488   0
    TAX EMEMPT INCOME -135 0   0


    TY 2010 OtherLiabilitiesSchedule
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 6,006 2,249
    CALL: ARCHER DANIELS MIDLAND MAR 32 EXP 03/19/11 REPRESENTS 100 ADM 0 16,795


    TY 2010 TaxesSchedule
    Name:
    L & N ANDREAS FOUNDATION
    EIN: 36-3382956
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 34,224 0   0