TY 2011 Form 990PF

- TIN:

Form990-PF

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

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
SMITH RUSSELL & VERA PRIVATE FDN 1035004163

Number and street (or P.O. box number if mail is not delivered to street address)230 FRONT STREET NORTH Room/suite

City or town, state, and ZIP code
LA CROSSE, WI54601

A Employer identification number

39-1744162

B Telephone number (see page 10 of the instructions)

(608) 782-1148

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,625,524J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	98,961		98,961
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		578,340
b	Gross sales price for all assets on line 6a 5,928,948
7	Capital gain net income (from Part IV, line 2)...			578,340
8	Net short-term capital gain.........				0
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........	677,301		677,301
13	Compensation of officers, directors, trustees, etc.	27,294		27,294
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,000	0	0	1,000
c	Other professional fees (attach schedule)....		20,192	20,192		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		8,814	8,814		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		59	59
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	57,359		56,359	0	1,000
25	Contributions, gifts, grants paid........	212,253				212,253
26	Total expenses and disbursements. Add lines 24 and 25	269,612		56,359	0	213,253
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	407,689
b	Net investment income (if negative, enter -0-)			620,942
c	Adjusted net income (if negative, enter -0-)...				0

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		46,677	46,677
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	3,989,427	4,349,918	4,578,847
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,989,427	4,396,595	4,625,524
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	3,989,427	4,396,595
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	3,989,427	4,396,595
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	3,989,427	4,396,595

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	3,989,427
2	Enter amount from Part I, line 27a.....................	2	407,689
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,397,116
5	Decreases not included in line 2 (itemize)	5	521
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,396,595

Form 990-PF (2011)

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	210. ABBOTT LABORATORIES		2008-11-12	2011-01-06
b	494. ALTRIA GROUP INC		2009-08-07	2011-01-06
c	474. ARCHER DANIELS MIDLAND CO		2010-10-04	2011-01-06
d	349. BARRICK GOLD CORP		2009-12-21	2011-01-06
e	165. F5 NETWORKS INC		2008-03-10	2011-01-06
	1277. GERDAU SA SPONSORED ADR		2009-01-28	2011-01-06
	449. GILDAN ACTIVEWEAR INC		2010-08-05	2011-01-06
	165. NEXTERA ENERGY INC		2009-01-28	2011-01-06
	343. NIKE INC CLASS B		2009-01-28	2011-01-06
	290. PETROLEO BRASILEIR ADR		2008-10-29	2011-01-06
	374. SXC HEALTH SOLUTIONS CORP		2009-06-02	2011-01-06
	275. ZOLTEK COS INC		2008-09-04	2011-01-06
	5398.189 PIMCO TOTAL RETURN INSTL		2009-09-17	2011-01-28
	231. COSTCO WHOLESALE CORP		2009-09-15	2011-02-03
	408. DR PEPPER SNAPPLE GROUP INC		2010-03-25	2011-02-03
	287. HOME INNS & HOTELS MGMT INC		2010-10-04	2011-02-03
	206. JOY GLOBAL INC		2010-10-04	2011-02-03
	58. MC DONALDS CORP		2009-01-13	2011-02-03
	369. MERCK & CO INC NEW		2009-12-21	2011-02-03
	140. PRAXAIR INC		2009-01-28	2011-02-03
	379. WGL HOLDINGS INC		2009-08-07	2011-02-03
	193. TRANSOCEAN LTD		2009-10-20	2011-02-03
	135. DYNAMEX INC		2008-03-10	2011-02-23
	1342.282 GOLDMAN SACHS HIGH YIELD FUND		2005-09-13	2011-02-28
	1264.461 PIMCO REAL RETURN FUND		2011-01-28	2011-02-28
	711.238 VANGUARD CONVERTIBLE SEC		2007-08-22	2011-02-28
	247. CELGENE CORP		2009-12-21	2011-03-22
	830. DELL INC		2009-01-28	2011-03-22
	240. FREEPORT MCMORAN COPPER & GOLD CL B		2009-10-20	2011-03-22
	1758. FRONTIER COMMUNICATIONS CORP		2010-10-04	2011-03-22
	501. HEWLETT PACKARD CO		2009-12-21	2011-03-22
	168. INTERCONTINENTAL EXCHANGE INC		2009-08-07	2011-03-22
	347. STATE STREET CORP		2010-11-22	2011-03-22
	586. SUNTRUST BANKS INC		2010-10-26	2011-03-22
	511. U S BANCORP DEL		2009-06-02	2011-03-22
	312. ULTIMATE SOFTWARE GROUP INC		2009-01-28	2011-03-22
	560. WISCONSIN ENERGY CORP		2011-01-06	2011-03-22
	1064. ACXIOM CORP		2009-12-21	2011-04-27
	223. BANCO SANTANDER CHILE		2010-03-25	2011-04-27
	397. BANCOLOMBIA SA SPONSORED ADR		2009-01-28	2011-04-27
	669. CEPHEID INC		2009-01-28	2011-04-27
	3506. CITIGROUP INC		2010-06-14	2011-04-27
	936. HOST HOTELS & RESORTS INC		2010-11-22	2011-04-27
	107. INTERNATIONAL BUSINESS MACHINES CORP		2009-08-07	2011-04-27
	718. NUTRISYSTEM INC		2010-11-22	2011-04-27
	483. ROBERT HALF INTERNATIONAL INC		2009-08-07	2011-04-27
	822. MARVELL TECHNOLOGY GROUP LTD		2011-02-03	2011-04-27
	706. ALTRIA GROUP INC		2009-08-07	2011-05-24
	67. AUTOZONE INC		2009-01-28	2011-05-24
	918. BANK OF AMERICA CORP		2009-12-21	2011-05-24
	349. BROADCOM CORP		2010-11-22	2011-05-24
	217. MONSANTO CO		2011-02-03	2011-05-24
	260. STARWOOD HOTELS & RESORTS WORLDWIDE		2011-01-06	2011-05-24
	518. UNITED NATURAL FOODS INC		2009-01-28	2011-05-24
	144. VISA INC		2009-04-08	2011-05-24
	16. MARVELL TECHNOLOGY GROUP LTD		2011-02-03	2011-05-24
	822. MARVELL TECHNOLOGY GROUP LTD		2010-10-04	2011-05-24
	206. ANADARKO PETROLEUM CORP		2011-03-22	2011-06-21
	398. CARPENTER TECHNOLOGY CORP		2011-02-03	2011-06-21
	545. CARTERS INC		2011-04-27	2011-06-21
	229. CITRIX SYSTEMS INC		2010-10-04	2011-06-21
	180. DEERE & CO		2011-03-22	2011-06-21
	801. INTERCONTINENTAL HOTELS GROUP		2010-10-04	2011-06-21
	743. MC DERMOTT INTERNATIONAL INC		2011-02-03	2011-06-21
	755. MYLAN LABORATORIES INC		2011-03-22	2011-06-21
	178. OCCIDENTAL PETROLEUM CORP		2010-10-26	2011-06-21
	155. RESEARCH IN MOTION LTD		2009-01-28	2011-06-21
	787. TEMPLE INLAND INC		2009-08-07	2011-06-21
	1391. BANK OF AMERICA CORP		2009-01-28	2011-07-25
	184. CATERPILLAR INC		2010-10-04	2011-07-25
	120. CHEVRONTEXACO CORP		2008-09-17	2011-07-25
	972. GENTEX CORP		2009-01-28	2011-07-25
	217. GOODRICH CO		2010-02-02	2011-07-25
	336. INTUIT INC		2010-11-22	2011-07-25
	497. MARATHON OIL CORP		2009-01-28	2011-07-25
	722. PETROHAWK ENERGY CORP		2010-03-25	2011-07-25
	431. PETROLEUM DEVELOPMENT CORP		2010-11-22	2011-07-25
	708. POST PROPERTIES INC		2009-12-21	2011-07-25
	236. SMUCKER JM CO		2009-12-21	2011-07-25
	308. TECK RESOURCES LTD CLASS B		2011-04-27	2011-07-25
	55. USANA HEALTH SCIENCES INC		2008-03-10	2011-07-25
	361. INGERSOLL-RAND PUBLIC LIMITED CO		2010-06-14	2011-07-25
	.5 MARATHON PETROLEUM CORP		2009-01-28	2011-07-26
	.845 TIM PARTICIPACOES S A		2011-01-06	2011-08-25
	494. AT&T INC		2009-07-17	2011-08-31
	1368. ALLSCRIPTS HEALTHCARE SOLUTIONS INC		2009-01-28	2011-08-31
	479. ALLSTATE CORP		2009-12-21	2011-08-31
	602. AMERICA MOVIL SA DE CV		2009-01-28	2011-08-31
	540. AMERICAN CAPITAL AGENCY CORP		2011-06-21	2011-08-31
	331. ANSYS INC		2009-01-28	2011-08-31
	152. APACHE CORP		2009-07-07	2011-08-31
	38. APPLE INC		2008-01-25	2011-08-31
	648. ARCH COAL INC		2011-06-21	2011-08-31
	361. ASHLAND INC		2009-08-07	2011-08-31
	469. BEMIS CO INC		2009-08-07	2011-08-31
	532. BERRY PETROLEUM CO CLASS A		2010-03-25	2011-08-31
	420. BIO-REFERENCE LABORATORIES INC		2009-08-07	2011-08-31
	495. BRADY CORP		2010-03-02	2011-08-31
	1065. BROOKLINE BANCORP INC		2009-08-07	2011-08-31
	123. CF INDUSTRIES HOLDINGS INC		2011-04-27	2011-08-31
	2843. CAL DIVE INTERNATIONAL INC		2011-07-25	2011-08-31
	217. CASS INFORMATION SYSTEMS INC		2009-01-28	2011-08-31
	1370. CELESTICA INC		2010-03-25	2011-08-31
	248. CELGENE CORP		2010-08-05	2011-08-31
	422. CENTRAL EUROPEAN DIST		2010-03-02	2011-08-31
	494. CEPHEID INC		2009-01-28	2011-08-31
	252. CHEMED CORP		2009-01-28	2011-08-31
	279. CHINA MOBILE LTD ADR		2010-10-04	2011-08-31
	8. COCA COLA CO		2010-10-04	2011-08-31
	255. COCA COLA CO		2011-01-06	2011-08-31
	888. COLONY FINANCIAL INC		2011-05-24	2011-08-31
	462. COMMUNITY TRUST BANCORP INC		2009-08-07	2011-08-31
	639. COMPANHIA PARANAENSE DE ENERGIA ADR		2010-10-26	2011-08-31
	845. COMPANHIA DE BEDIDAS DAS AMERICAS		2009-08-07	2011-08-31
	642. CORRECTIONS CORP OF AMERICA		2009-08-07	2011-08-31
	232. COVANCE INC		2009-01-28	2011-08-31
	1060. DIGI INTERNATIONAL INC		2009-01-28	2011-08-31
	422. DISNEY (WALT) CO		2010-10-26	2011-08-31
	235. DOMTAR CORP		2010-06-14	2011-08-31
	186. ENI SPA SPONSORED ADR		2009-01-28	2011-08-31
	324. EMERSON ELECTRIC CO		2009-07-07	2011-08-31
	540. FASTENAL CO		2010-10-04	2011-08-31
	285. FLUOR CORP		2010-08-05	2011-08-31
	376. FORRESTER RESEARCH INC		2009-01-28	2011-08-31
	261. FORTUNE BRANDS INC		2009-06-02	2011-08-31
	566. FORWARD AIR CORP		2009-01-28	2011-08-31
	908. GENERAL ELECTRIC CO		2009-12-21	2011-08-31
	563. GENESCO INC		2009-08-07	2011-08-31
	576. GRAND CANYON EDUCATION INC		2010-06-14	2011-08-31
	880. HANCOCK JOHN BK & THRIFT OPPORTUNITY FD		2009-08-07	2011-08-31
	279. HITACHI LTD SPONSORED ADR		2011-07-25	2011-08-31
	352. HONEYWELL INTERNATIONAL INC		2009-08-07	2011-08-31
	304. HUMANA INC		2009-08-07	2011-08-31
	123. ITT EDUCATIONAL SERVICES INC		2009-08-07	2011-08-31
	1210. INTEL CORP		2008-07-23	2011-08-31
	105. INTERNATIONAL BUSINESS MACHINES CORP		2008-10-14	2011-08-31
	510. J P MORGAN CHASE & CO		2009-10-20	2011-08-31
	468. KANSAS CITY SOUTHERN INDUSTRIES NEW		2009-09-15	2011-08-31
	301. KOHLS CORP		2011-07-25	2011-08-31
	494. KRAFT FOODS INC		2010-03-02	2011-08-31
	1150. LKQ CORP		2009-01-28	2011-08-31
	2480. LATTICE SEMICONDUCTOR CORP		2011-04-27	2011-08-31
	522. MACERICH CO		2010-03-22	2011-08-31
	397. MACK-CALI REALTY CORP		2009-08-07	2011-08-31
	248. MARATHON PETROLEUM CORP		2009-01-28	2011-08-31
	756. MAXIMUS INC		2009-01-28	2011-08-31
	162. MC DONALDS CORP		2010-08-05	2011-08-31
	412. MEDNAX INC		2009-01-28	2011-08-31
	370. METLIFE INC		2010-10-04	2011-08-31
	391. NII HOLDINGS INC CLASS B		2011-02-03	2011-08-31
	289. NACCO INDUSTRIES INC		2010-03-02	2011-08-31
	580. NATIONAL INSTRUMENTS CORP		2009-01-28	2011-08-31
	256. NEWFIELD EXPLORATION CO		2011-06-21	2011-08-31
	906. NUANCE COMMUNICATIONS INC		2010-02-02	2011-08-31
	1511. OLD NATIONAL BANCORP		2010-11-22	2011-08-31
	296. ONEOK INC		2010-08-05	2011-08-31
	694. PAREXEL INTERNATIONAL CORP		2010-02-02	2011-08-31
	208. PHILLIP MORRIS INTL INC		2009-01-28	2011-08-31
	420. PLAINS EXPLORATION & PRODUCTION		2010-03-02	2011-08-31
	429. POWER INTEGRATIONS INC		2009-01-28	2011-08-31
	231. PROCTER & GAMBLE CO		2008-09-29	2011-08-31
	621. PROTECTIVE LIFE CORP		2011-03-22	2011-08-31
	1101. PROVIDENT FINANCIAL SERVICES		2010-11-22	2011-08-31
	306. RELIANCE STEEL & ALUMINUM CO		2010-03-25	2011-08-31
	165. RITCHIE BROS AUCTIONEERS INC		2008-10-14	2011-08-31
	628. RITCHIE BROS AUCTIONEERS INC		2011-06-21	2011-08-31
	483. ROVI CORP		2009-10-20	2011-08-31
	327. ST JUDE MEDICAL INC		2011-06-21	2011-08-31
	556. STARBUCKS CORP		2010-08-05	2011-08-31
	596. STATOIL ASA SPONSORED ADR		2009-07-17	2011-08-31
	1098. TTM TECHNOLOGIES INC		2011-06-21	2011-08-31
	171. 3M CO		2009-12-21	2011-08-31
	791. TIM PARTICIPACOES S A		2011-01-06	2011-08-31
	590. TOWER GROUP INC		2010-11-22	2011-08-31
	514. UGI CORP		2011-02-03	2011-08-31
	610. U S BANCORP DEL		2009-01-28	2011-08-31
	326. UNIFIRST CORP		2010-10-04	2011-08-31
	581. VALEO SA		2011-01-06	2011-08-31
	352. VARIAN MEDICAL SYSTEMS INC		2009-08-07	2011-08-31
	591. WELLS FARGO & CO		2011-07-25	2011-08-31
	847. WESBANCO INC		2011-05-24	2011-08-31
	483. YANZHOU COAL MINING LTD		2010-10-26	2011-08-31
	386. TELVENT GIT SA		2009-12-21	2011-08-31
	306. ENDURANCE SPECIALTY		2009-01-28	2011-08-31
	607. SIGNET JEWELERS LIMITED		2009-08-07	2011-08-31
	1142. AERCAP HOLDINGS NV		2010-06-14	2011-08-31
	2302. FLEXTRONICS INTERNATIONAL LTD		2010-08-05	2011-08-31
	170. ABAXIS INC		2008-08-12	2011-10-10
	578. ABAXIS INC		2011-08-31	2011-10-10
	167. AGRIUM INC		2011-08-31	2011-10-10
	290. ALBEMARLE CORP		2011-08-31	2011-10-10
	208. ALLERGAN INC		2010-10-26	2011-10-10
	158. ALLIANCE DATA SYSTEMS CORP		2011-08-31	2011-10-10
	770. AMERICAN ASSETS TRUST INC		2011-05-24	2011-10-10
	266. AMGEN INC		2011-08-31	2011-10-10
	365. ANIXTER INTERNATIONAL INC		2009-08-07	2011-10-10
	292. APTARGROUP INC		2011-08-31	2011-10-10
	455. ATMOS ENERGY CORP		2009-08-07	2011-10-10
	383. BMC SOFTWARE		2011-08-31	2011-10-10
	99. BAIDU COM INC ADR		2011-08-31	2011-10-10
	17. BAXTER INTERNATIONAL INC		2011-08-31	2011-10-10
	227. BAXTER INTERNATIONAL INC		2009-07-17	2011-10-10
	232. BAYER AG SPONSORED ADR		2011-08-31	2011-10-10
	147. BIO RAD LABS INC CLASS A		2011-08-31	2011-10-10
	1378. BIOMED REALTY TRUST		2011-08-31	2011-10-10
	208. BORG WARNER AUTOMOTIVE INC		2011-08-31	2011-10-10
	1036. CBL & ASSOCIATES PROPERTIES INC		2011-08-31	2011-10-10
	479. CABOT MICROELECTRONICS CORP		2009-01-28	2011-10-10
	202. CANADIAN NATL RAILWAY CO		2011-08-31	2011-10-10
	490. CARRIZO OIL & GAS INC		2011-08-31	2011-10-10
	1113. CHICOS FAS INC		2011-06-21	2011-10-10
	1252. CISCO SYSTEMS INC		2011-08-31	2011-10-10
	795. COMPANHIA ENERGETICA DE MINAS GERAIS		2011-08-31	2011-10-10
	597. CONAGRA INC		2011-08-31	2011-10-10
	365. CONCUR TECHNOLOGIES INC		2011-08-31	2011-10-10
	85. CONCUR TECHNOLOGIES INC		2008-11-21	2011-10-10
	357. DBS GROUP HOLDINGS LTD ADR		2011-08-31	2011-10-10
	717. DISCOVERY COMMUNICATIONS		2011-08-31	2011-10-10
	200. DOLLAR TREE INC		2011-08-31	2011-10-10
	897. EBIX INC		2011-08-31	2011-10-10
	1726. ECHELON CORP		2011-08-31	2011-10-10
	300. ECHELON CORP		2008-03-10	2011-10-10
	1062. ECHO GLOBAL LOGISTICS INC		2011-08-31	2011-10-10
	735. ENERSIS SA		2011-08-31	2011-10-10
	588. EXPEDIA INC		2011-06-21	2011-10-10
	140. FARO TECHNOLOGIES INC		2008-03-10	2011-10-10
	381. FARO TECHNOLOGIES INC		2011-08-31	2011-10-10
	1318. FIFTH THIRD BANCORP		2011-04-27	2011-10-10
	965. FIRST AMERICAN FINANCIAL CORP		2011-03-22	2011-10-10
	3228. FIRST COMMONWEALTH FINANCIAL		2011-08-31	2011-10-10
	292. FOMENTO ECONOMICO MEXICANO ADR		2009-01-28	2011-10-10
	398. FREEPORT MCMORAN COPPER & GOLD CL B		2009-10-20	2011-10-10
	294. GAMCO INVESTORS INC		2011-08-31	2011-10-10
	1185. GT ADVANCED TECHNOLOGIES INC		2011-08-31	2011-10-10
	628. GAMESTOP CORP CLASS A		2011-08-31	2011-10-10
	580. GAYLORD ENTERTAINMENT CO		2011-08-31	2011-10-10
	1216. GAZPROM OAO ADR		2011-05-24	2011-10-10
	520. GENTEX CORP		2009-01-28	2011-10-10
	137. GOLDMAN SACHS GROUP INC		2011-08-31	2011-10-10
	891. GOODRICH PETROLEUM CORP		2011-08-31	2011-10-10
	735. GROUP CGI INC CLASS A		2011-08-31	2011-10-10
	252. HESS CORP		2011-08-31	2011-10-10
	1093. HUMAN GENOME SCIENCES		2011-08-31	2011-10-10
	362. ICU MEDICAL INC		2011-08-31	2011-10-10
	351. IPC THE HOSPITALIST CO INC		2011-08-31	2011-10-10
	150. IPC THE HOSPITALIST CO INC		2008-07-09	2011-10-10
	360. INNERWORKINGS INC		2008-03-10	2011-10-10
	1903. INNERWORKINGS INC		2011-08-31	2011-10-10
	471. JOHNSON CONTROLS		2010-10-04	2011-10-10
	481. KBR INC		2011-08-31	2011-10-10
	444. LVMH MOET HENNESSY LOUIS VUITTON		2011-08-31	2011-10-10
	571. LINCOLN NATIONAL CORP		2011-04-27	2011-10-10
	1070. MEDTOX SCIENTIFIC INC		2011-08-31	2011-10-10
	120. MEDTOX SCIENTIFIC INC		2008-03-10	2011-10-10
	758. MILLER HERMAN INC		2009-08-07	2011-10-10
	45. MITSUI & CO LTD SPONSORED ADR		2011-08-31	2011-10-10
	175. MOBILE MINI INC		2008-03-10	2011-10-10
	759. MOBILE MINI INC		2011-08-31	2011-10-10
	315. MUELLER INDUSTRIES INC		2011-08-31	2011-10-10
	225. NAPCO SECURITY TECHNOLOGIES INC		2008-03-10	2011-10-10
	5693. NAPCO SECURITY TECHNOLOGIES INC		2011-08-31	2011-10-10
	2036. NATIONAL PENN BANCSHARES INC		2011-08-31	2011-10-10
	390. NEOGEN CORP		2009-01-28	2011-10-10
	17. NEOGEN CORP		2011-08-31	2011-10-10
	299. NESTLE S A ADR		2009-07-17	2011-10-10
	265. NICOR INC		2011-08-31	2011-10-10
	364. OMNICOM GROUP INC		2010-06-14	2011-10-10
	447. PAN AMERICAN SILVER CORP		2011-08-31	2011-10-10
	581. PAPA JOHN'S INT'L INC		2010-08-05	2011-10-10
	206. PARKER HANNIFIN CORP		2011-08-31	2011-10-10
	378. PEGASYSTEMS INC		2011-08-31	2011-10-10
	898. PFIZER INC		2010-11-22	2011-10-10
	476. PIEDMONT NATURAL GAS CO		2011-08-31	2011-10-10
	322. POLARIS INDUSTRIES INC		2011-08-31	2011-10-10
	1180. POLYONE CORP		2011-08-31	2011-10-10
	562. POOL CORP		2011-08-31	2011-10-10
	200. PORTFOLIO RECOVERY ASSOCIATES		2009-01-28	2011-10-10
	290. QUEST DIAGNOSTICS INC		2010-08-05	2011-10-10
	632. RESOURCES CONNECTION INC		2009-01-28	2011-10-10
	256. RIO TINTO PLC SPONSORED ADR		2010-08-05	2011-10-10
	586. RIVERBED TECHNOLOGY INC		2011-08-31	2011-10-10
	199. ROPER INDUSTRIES INC		2011-08-31	2011-10-10
	808. SARA LEE CORP		2011-08-31	2011-10-10
	265. SIMON PROPERTY GROUP		2011-08-31	2011-10-10
	265. STRATASYS INC		2008-03-10	2011-10-10
	475. SWIFT ENERGY CO		2011-08-31	2011-10-10
	931. SYKES ENTERPRISES INC		2011-08-31	2011-10-10
	239. TECHNE CORP		2009-01-28	2011-10-10
	491. TELEFONICA BRASIL SA SP ADR		2011-08-31	2011-10-10
	942. UNITED FINANCIAL BANCORP INC		2011-08-31	2011-10-10
	120. UNIVERSAL TECHNICAL INSTITUTE INC		2008-03-10	2011-10-10
	215. VERINT SYSTEMS INC		2008-03-10	2011-10-10
	519. VERINT SYSTEMS INC		2011-08-31	2011-10-10
	252. WAL MART STORES INC		2010-10-04	2011-10-10
	853. ZIONS BANCORP		2011-08-31	2011-10-10
	702. ALTERRA CAPITAL HOLDINGS LTD		2011-08-31	2011-10-10
	242. ACCENTURE PLC		2009-01-28	2011-10-10
	223. ALLIED WORLD ASSURANCE HOLDINGS LTD		2009-01-28	2011-10-10
	459. ASML HOLDING NV		2011-06-21	2011-10-10
	384. STEINER LEISURE LTD		2009-08-07	2011-10-10
	2279.634 DELAWARE EMERGING MARKETS I		2010-02-02	2011-11-30
	1924.928 PIMCO FOREIGN BOND INSTITUTIONAL		2011-01-28	2011-11-30
	825.082 VANGUARD CONVERTIBLE SEC		2004-02-18	2011-11-30
	210. ABERCROMBIE & FITCH CO CLASS A		2011-10-10	2011-12-28
	762. ALLSCRIPTS HEALTHCARE SOLUTIONS INC		2011-10-10	2011-12-28
	249. ATHENAHEALTH INC		2011-08-31	2011-12-28
	807. BAE SYSTEMS PLC ADR		2011-10-10	2011-12-28
	365. BAE SYSTEMS PLC ADR		2009-01-28	2011-12-28
	1016. BANCO SANTANDER BRASIL S A ADS		2010-10-26	2011-12-28
	386. BERRY PETROLEUM CO CLASS A		2011-10-10	2011-12-28
	285. BEST BUY CO INC		2009-02-23	2011-12-28
	722. BIO-REFERENCE LABORATORIES INC		2011-10-10	2011-12-28
	394. CLECO CORP		2011-10-10	2011-12-28
	45. CME GROUP INC		2010-06-14	2011-12-28
	836. CMS ENERGY CORP		2011-08-31	2011-12-28
	438. CASS INFORMATION SYSTEMS INC		2011-10-10	2011-12-28
	205. CERNER CORP		2011-10-10	2011-12-28
	247. CHEVRONTEXACO CORP		2008-10-29	2011-12-28
	661. CHICAGO BRIDGE & IRON CO NV		2010-03-02	2011-12-28
	290. CHINA MOBILE LTD ADR		2011-10-10	2011-12-28
	307. CHURCH & DWIGHT CO INC		2011-10-10	2011-12-28
	243. CLIFFS NAT RES INC		2011-10-10	2011-12-28
	367. COCA COLA CO		2010-10-04	2011-12-28
	3694. COLONY FINANCIAL INC		2011-10-10	2011-12-28
	85. COSTAR GROUP INC		2008-09-04	2011-12-28
	264. COSTAR GROUP INC		2011-10-10	2011-12-28
	300. COVANCE INC		2011-10-10	2011-12-28
	188. DEERE & CO		2011-01-06	2011-12-28
	1081. DIGI INTERNATIONAL INC		2011-10-10	2011-12-28
	662. EMC CORP		2009-01-13	2011-12-28
	1139. ELECTRO SCIENTIFIC INDUSTRIES INC		2011-10-10	2011-12-28
	223. DELHAIZE GROUP SPONSORED ADR		2011-10-10	2011-12-28
	127. DELHAIZE GROUP SPONSORED ADR		2009-01-28	2011-12-28
	414. FORRESTER RESEARCH INC		2011-10-10	2011-12-28
	1096. FORTUNE BRANDS HOME & SECURITY INC		2011-10-10	2011-12-28
	420. GENERAL MILLS, INC.		2011-06-21	2011-12-28
	247. GENESCO INC		2011-10-10	2011-12-28
	189. GOODRICH CO		2011-08-31	2011-12-28
	2169. GUIDANCE SOFTWARE INC		2011-10-10	2011-12-28
	295. GUIDANCE SOFTWARE INC		2008-05-05	2011-12-28
	1102. HANCOCK JOHN BK & THRIFT OPPORTUNITY FD		2011-10-10	2011-12-28
	407. HASBRO INC		2011-10-10	2011-12-28
	2397. HERSHA HOSPITALITY TRUST		2010-11-22	2011-12-28
	75. HUMANA INC		2009-08-07	2011-12-28
	93. HUMANA INC		2011-03-22	2011-12-28
	60. INTUITIVE SURGICAL INC		2011-01-06	2011-12-28
	223. JOHNSON & JOHNSON CO		2011-08-31	2011-12-28
	249. KANSAS CITY SOUTHERN INDUSTRIES NEW		2011-10-10	2011-12-28
	270. KOHLS CORP		2011-10-10	2011-12-28
	561. KOMATSU LTD SPONSORED ADR		2011-08-31	2011-12-28
	259. L-3 COMMUNICATIONS HOLDING		2011-10-10	2011-12-28
	390. LANDEC CORP		2008-03-10	2011-12-28
	2465. LATTICE SEMICONDUCTOR CORP		2011-10-10	2011-12-28
	.114 MACERICH CO		2009-08-07	2011-12-28
	325.886 MACERICH CO		2011-10-10	2011-12-28
	607. MATTEL INC		2011-08-31	2011-12-28
	201. NACCO INDUSTRIES INC		2011-10-10	2011-12-28
	231. NEWMONT MINING CORP		2011-10-10	2011-12-28
	187. OCCIDENTAL PETROLEUM CORP		2010-10-26	2011-12-28
	200. ONEOK INC		2011-10-10	2011-12-28
	673. PAREXEL INTERNATIONAL CORP		2011-10-10	2011-12-28
	334. PINNACLE WEST CAPITAL CORP		2011-08-31	2011-12-28
	621. PLAINS EXPLORATION & PRODUCTION		2011-10-10	2011-12-28
	426. POWER INTEGRATIONS INC		2011-10-10	2011-12-28
	500. QUALCOMM INC		2008-07-14	2011-12-28
	308. QUALITY SYSTEMS INC		2011-10-10	2011-12-28
	215. REGENERON PHARMACEUTICALS INC		2011-10-10	2011-12-28
	375. RELIANCE STEEL & ALUMINUM CO		2011-10-10	2011-12-28
	394. REYNOLDS AMERICAN INC		2011-08-31	2011-12-28
	307. ROVI CORP		2011-10-10	2011-12-28
	1564. SPS COMMERCE INC		2011-10-10	2011-12-28
	169. SHIRE PLC		2011-07-25	2011-12-28
	142. SIEMENS AG SPONSORED ADR		2011-10-10	2011-12-28
	654. SMITHFIELD FOODS INC		2011-10-10	2011-12-28
	298. SNAP-ON TOOLS CORP		2011-10-10	2011-12-28
	780. STATOIL ASA SPONSORED ADR		2011-10-10	2011-12-28
	296. TJX COMPANIES INC		2010-06-14	2011-12-28
	393. TORCHMARK CORP		2011-01-06	2011-12-28
	621. TOWER GROUP INC		2011-10-10	2011-12-28
	248. TOWERS WATSON & CO		2011-08-31	2011-12-28
	859. U S BANCORP DEL		2011-10-10	2011-12-28
	249. ULTIMATE SOFTWARE GROUP INC		2009-01-28	2011-12-28
	161. UNION PACIFIC CORP		2011-08-31	2011-12-28
	350. UNITED NATURAL FOODS INC		2008-03-10	2011-12-28
	194. UNITED TECHNOLOGIES CORP		2009-07-17	2011-12-28
	608. VALEO SA		2011-10-10	2011-12-28
	247. VARIAN MEDICAL SYSTEMS INC		2011-10-10	2011-12-28
	1534. VANGUARD LARGE CAP ETF		2011-10-10	2011-12-28
	777. WESBANCO INC		2011-10-10	2011-12-28
	653. YANZHOU COAL MINING LTD		2011-10-10	2011-12-28
	1526. ALTERRA CAPITAL HOLDINGS LTD		2011-08-31	2011-12-28
	263. HERBALIFE LTD		2011-08-31	2011-12-28
	292. TRANSOCEAN LTD		2011-10-10	2011-12-28
	194. TRANSOCEAN LTD		2009-10-20	2011-12-28
	2229. FLEXTRONICS INTERNATIONAL LTD		2011-10-10	2011-12-28
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,065	11,655	-1,590
b	12,103	8,823	3,280
c	15,026	15,030	-4
d	17,153	13,457	3,696
e	22,779	3,125	19,654
	18,618	8,811	9,807
	12,685	14,035	-1,350
	8,578	8,545	33
	28,734	16,378	12,356
	10,671	7,003	3,668
	16,030	4,825	11,205
	3,283	4,615	-1,332
	58,624	57,624	1,000
	17,022	13,111	3,911
	14,342	14,966	-624
	9,848	14,135	-4,287
	18,429	14,162	4,267
	4,287	3,456	831
	12,074	14,052	-1,978
	13,207	8,895	4,312
	13,996	12,774	1,222
	15,330	17,548	-2,218
	3,375	3,327	48
	10,000	10,729	-729
	14,453	14,352	101
	10,000	10,091	-91
	13,066	13,893	-827
	12,126	9,062	3,064
	12,559	9,406	3,153
	14,099	14,539	-440
	20,776	22,693	-1,917
	21,230	15,955	5,275
	15,126	14,812	314
	17,070	14,941	2,129
	13,480	9,269	4,211
	17,339	7,597	9,742
	16,878	16,243	635
	15,697	14,090	1,607
	19,949	15,110	4,839
	25,488	8,594	16,894
	21,164	12,865	8,299
	15,607	13,840	1,767
	16,801	15,060	1,741
	18,226	12,825	5,401
	10,128	15,139	-5,011
	14,700	13,570	1,130
	12,883	16,012	-3,129
	19,672	12,056	7,616
	19,557	9,210	10,347
	10,346	14,100	-3,754
	11,515	15,304	-3,789
	14,665	16,217	-1,552
	14,909	15,981	-1,072
	21,761	8,940	12,821
	11,131	8,321	2,810
	227	312	-85
	11,661	14,078	-2,417
	14,797	16,488	-1,691
	20,871	16,402	4,469
	16,731	17,520	-789
	17,638	15,367	2,271
	14,753	16,375	-1,622
	15,535	14,369	1,166
	13,954	16,387	-2,433
	17,146	16,692	454
	18,242	14,073	4,169
	4,310	8,743	-4,433
	22,941	13,407	9,534
	13,840	10,415	3,425
	19,451	14,190	5,261
	13,047	9,839	3,208
	29,827	11,885	17,942
	21,357	13,983	7,374
	16,444	15,135	1,309
	16,269	8,880	7,389
	27,647	14,414	13,233
	16,898	15,267	1,631
	30,948	13,791	17,157
	18,837	14,280	4,557
	16,442	16,817	-375
	1,689	1,521	168
	14,415	13,819	596
	21	12	9
	24	17	7
	13,950	11,816	2,134
	24,644	13,929	10,715
	12,578	14,049	-1,471
	15,176	8,819	6,357
	15,466	15,498	-32
	17,796	8,758	9,038
	15,585	13,873	1,712
	14,600	4,984	9,616
	12,979	16,718	-3,739
	19,183	12,988	6,195
	14,553	12,660	1,893
	25,930	14,643	11,287
	8,457	6,288	2,169
	13,558	14,462	-904
	8,839	13,258	-4,419
	22,318	17,137	5,181
	8,046	17,067	-9,021
	7,766	5,162	2,604
	11,482	15,290	-3,808
	14,728	13,898	830
	2,983	13,989	-11,006
	17,653	4,150	13,503
	14,640	10,873	3,767
	14,243	14,385	-142
	564	470	94
	17,967	16,078	1,889
	13,950	16,339	-2,389
	11,674	12,682	-1,008
	13,798	15,119	-1,321
	29,656	12,521	17,135
	14,535	12,870	1,665
	11,644	8,582	3,062
	13,188	8,505	4,683
	14,331	15,154	-823
	18,889	13,653	5,236
	7,483	8,472	-989
	15,147	10,098	5,049
	18,057	14,210	3,847
	17,297	13,909	3,388
	12,551	8,701	3,850
	14,848	9,683	5,165
	16,199	13,487	2,712
	14,728	14,218	510
	30,329	13,138	17,191
	8,945	13,672	-4,727
	12,390	12,868	-478
	15,145	17,225	-2,080
	16,825	12,459	4,366
	23,693	10,126	13,567
	8,958	12,641	-3,683
	24,321	27,403	-3,082
	18,084	9,952	8,132
	19,222	22,014	-2,792
	25,623	13,033	12,590
	13,987	16,955	-2,968
	17,280	14,356	2,924
	29,155	17,505	11,650
	13,741	17,188	-3,447
	25,636	14,575	11,061
	12,370	13,122	-752
	9,171	5,759	3,412
	27,956	14,228	13,728
	14,612	11,389	3,223
	27,175	19,438	7,737
	12,450	14,312	-1,862
	15,051	16,054	-1,003
	21,695	14,258	7,437
	14,766	9,575	5,191
	13,048	16,773	-3,725
	16,779	13,747	3,032
	14,705	15,163	-458
	21,007	14,051	6,956
	14,231	13,586	645
	14,541	8,326	6,215
	12,402	14,385	-1,983
	13,925	8,639	5,286
	14,703	15,870	-1,167
	11,849	16,357	-4,508
	13,764	15,192	-1,428
	12,877	14,989	-2,112
	3,813	3,566	247
	14,512	16,428	-1,916
	23,589	13,794	9,795
	14,904	16,231	-1,327
	21,511	13,990	7,521
	14,328	11,950	2,378
	12,210	16,617	-4,407
	14,144	13,965	179
	24,205	15,955	8,250
	14,095	14,971	-876
	15,297	16,386	-1,089
	14,207	9,484	4,723
	16,778	14,008	2,770
	15,367	16,419	-1,052
	20,032	12,745	7,287
	15,378	17,117	-1,739
	16,355	16,313	42
	14,053	14,630	-577
	15,463	14,207	1,256
	10,973	8,666	2,307
	23,525	12,861	10,664
	12,663	13,998	-1,335
	13,236	14,226	-990
	3,968	3,892	76
	13,491	14,407	-916
	12,054	14,350	-2,296
	13,134	14,833	-1,699
	17,254	14,953	2,301
	15,255	14,771	484
	13,549	16,423	-2,874
	15,245	14,734	511
	18,593	12,753	5,840
	13,742	14,781	-1,039
	14,800	12,699	2,101
	13,899	15,427	-1,528
	12,336	14,322	-1,986
	967	954	13
	12,909	12,251	658
	13,349	15,006	-1,657
	13,827	14,851	-1,024
	23,489	25,241	-1,752
	14,307	14,870	-563
	12,458	15,416	-2,958
	17,667	11,847	5,820
	14,338	14,976	-638
	10,880	14,597	-3,717
	13,617	16,595	-2,978
	21,224	19,669	1,555
	11,957	14,834	-2,877
	15,044	14,680	364
	14,192	15,436	-1,244
	3,305	1,856	1,449
	13,187	15,762	-2,575
	27,983	30,178	-2,195
	15,922	14,474	1,448
	13,502	14,537	-1,035
	11,438	14,507	-3,069
	1,988	3,357	-1,369
	13,745	14,759	-1,014
	13,033	14,803	-1,770
	16,296	16,517	-221
	4,776	4,154	622
	12,997	14,268	-1,271
	14,182	17,417	-3,235
	11,629	16,212	-4,583
	12,212	14,707	-2,495
	19,853	8,540	11,313
	14,206	8,442	5,764
	12,154	14,515	-2,361
	9,639	14,330	-4,691
	15,323	14,971	352
	11,601	14,714	-3,113
	11,798	16,815	-5,017
	13,752	4,514	9,238
	13,027	15,988	-2,961
	12,010	14,412	-2,402
	13,732	15,038	-1,306
	14,042	14,911	-869
	12,039	14,122	-2,083
	13,839	14,980	-1,141
	12,508	14,317	-1,809
	5,345	2,858	2,487
	2,866	3,996	-1,130
	15,149	14,390	759
	13,946	14,289	-343
	12,722	14,560	-1,838
	13,275	15,105	-1,830
	9,103	17,137	-8,034
	13,508	14,730	-1,222
	1,515	1,842	-327
	15,075	12,925	2,150
	12,901	15,450	-2,549
	2,867	3,028	-161
	12,436	14,632	-2,196
	13,264	14,940	-1,676
	461	1,117	-656
	11,666	15,253	-3,587
	14,873	14,737	136
	13,429	6,513	6,916
	585	596	-11
	16,792	12,110	4,682
	14,660	14,784	-124
	14,492	13,705	787
	12,515	14,636	-2,121
	17,962	13,993	3,969
	14,304	15,133	-829
	12,083	15,335	-3,252
	16,918	14,952	1,966
	14,029	14,756	-727
	18,086	17,821	265
	12,912	15,005	-2,093
	16,111	14,754	1,357
	13,531	5,008	8,523
	13,772	13,917	-145
	6,417	9,619	-3,202
	13,040	14,015	-975
	12,396	14,644	-2,248
	14,992	15,329	-337
	13,472	14,738	-1,266
	29,903	31,053	-1,150
	5,944	4,761	1,183
	11,631	14,801	-3,170
	14,249	14,566	-317
	16,517	15,242	1,275
	13,518	15,388	-1,870
	14,280	14,583	-303
	1,664	1,519	145
	5,714	3,515	2,199
	13,793	14,802	-1,009
	13,771	13,474	297
	13,495	14,910	-1,415
	13,643	14,327	-684
	13,780	8,068	5,712
	12,287	8,496	3,791
	17,070	16,382	688
	15,676	12,663	3,013
	30,000	22,955	7,045
	20,308	20,000	308
	10,000	11,477	-1,477
	10,124	14,197	-4,073
	14,053	13,987	66
	12,336	14,409	-2,073
	14,001	13,646	355
	6,333	8,486	-2,153
	8,091	15,067	-6,976
	15,727	15,037	690
	6,542	7,962	-1,420
	11,422	13,900	-2,478
	14,960	13,805	1,155
	10,940	13,901	-2,961
	18,515	16,536	1,979
	15,614	13,638	1,976
	12,677	14,052	-1,375
	26,248	17,943	8,305
	24,900	14,045	10,855
	13,811	13,882	-71
	14,168	13,613	555
	15,098	14,589	509
	25,491	21,565	3,926
	57,468	48,861	8,607
	5,613	4,658	955
	17,432	13,944	3,488
	13,896	13,981	-85
	14,510	15,835	-1,325
	12,387	14,199	-1,812
	14,160	6,925	7,235
	16,289	14,416	1,873
	12,350	14,087	-1,737
	7,033	8,413	-1,380
	13,980	13,856	124
	18,068	13,621	4,447
	16,985	16,157	828
	15,343	14,029	1,314
	23,332	16,894	6,438
	13,602	13,647	-45
	1,850	2,992	-1,142
	15,094	14,155	939
	12,889	14,119	-1,230
	11,497	15,023	-3,526
	6,602	2,498	4,104
	8,187	6,057	2,130
	27,611	16,127	11,484
	14,593	14,651	-58
	16,620	14,053	2,567
	13,578	13,968	-390
	12,667	15,085	-2,418
	17,325	17,400	-75
	2,133	3,377	-1,244
	14,492	14,408	84
	6	3	3
	16,496	14,124	2,372
	16,638	16,352	286
	18,107	13,716	4,391
	13,742	15,003	-1,261
	17,449	14,527	2,922
	17,254	14,224	3,030
	13,998	14,012	-14
	16,196	14,829	1,367
	22,337	15,848	6,489
	14,136	13,930	206
	27,210	24,070	3,140
	11,239	14,274	-3,035
	11,946	14,276	-2,330
	18,038	14,177	3,861
	16,434	14,816	1,618
	7,325	14,128	-6,803
	41,687	28,170	13,517
	17,280	17,165	115
	13,348	14,272	-924
	15,931	13,711	2,220
	15,091	14,107	984
	19,718	18,494	1,224
	19,254	13,669	5,585
	16,962	16,152	810
	12,630	13,935	-1,305
	14,592	14,607	-15
	23,175	20,788	2,387
	16,226	3,647	12,579
	16,844	14,886	1,958
	13,895	5,681	8,214
	14,216	10,462	3,754
	11,844	14,464	-2,620
	16,225	14,103	2,122
	87,570	83,282	4,288
	15,508	14,039	1,469
	13,320	14,331	-1,011
	36,043	31,143	4,900
	13,629	14,891	-1,262
	11,286	14,246	-2,960
	7,499	11,039	-3,540
	12,681	14,256	-1,575
			2,250

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			-1,590
b			3,280
c			-4
d			3,696
e			19,654
			9,807
			-1,350
			33
			12,356
			3,668
			11,205
			-1,332
			1,000
			3,911
			-624
			-4,287
			4,267
			831
			-1,978
			4,312
			1,222
			-2,218
			48
			-729
			101
			-91
			-827
			3,064
			3,153
			-440
			-1,917
			5,275
			314
			2,129
			4,211
			9,742
			635
			1,607
			4,839
			16,894
			8,299
			1,767
			1,741
			5,401
			-5,011
			1,130
			-3,129
			7,616
			10,347
			-3,754
			-3,789
			-1,552
			-1,072
			12,821
			2,810
			-85
			-2,417
			-1,691
			4,469
			-789
			2,271
			-1,622
			1,166
			-2,433
			454
			4,169
			-4,433
			9,534
			3,425
			5,261
			3,208
			17,942
			7,374
			1,309
			7,389
			13,233
			1,631
			17,157
			4,557
			-375
			168
			596
			9
			7
			2,134
			10,715
			-1,471
			6,357
			-32
			9,038
			1,712
			9,616
			-3,739
			6,195
			1,893
			11,287
			2,169
			-904
			-4,419
			5,181
			-9,021
			2,604
			-3,808
			830
			-11,006
			13,503
			3,767
			-142
			94
			1,889
			-2,389
			-1,008
			-1,321
			17,135
			1,665
			3,062
			4,683
			-823
			5,236
			-989
			5,049
			3,847
			3,388
			3,850
			5,165
			2,712
			510
			17,191
			-4,727
			-478
			-2,080
			4,366
			13,567
			-3,683
			-3,082
			8,132
			-2,792
			12,590
			-2,968
			2,924
			11,650
			-3,447
			11,061
			-752
			3,412
			13,728
			3,223
			7,737
			-1,862
			-1,003
			7,437
			5,191
			-3,725
			3,032
			-458
			6,956
			645
			6,215
			-1,983
			5,286
			-1,167
			-4,508
			-1,428
			-2,112
			247
			-1,916
			9,795
			-1,327
			7,521
			2,378
			-4,407
			179
			8,250
			-876
			-1,089
			4,723
			2,770
			-1,052
			7,287
			-1,739
			42
			-577
			1,256
			2,307
			10,664
			-1,335
			-990
			76
			-916
			-2,296
			-1,699
			2,301
			484
			-2,874
			511
			5,840
			-1,039
			2,101
			-1,528
			-1,986
			13
			658
			-1,657
			-1,024
			-1,752
			-563
			-2,958
			5,820
			-638
			-3,717
			-2,978
			1,555
			-2,877
			364
			-1,244
			1,449
			-2,575
			-2,195
			1,448
			-1,035
			-3,069
			-1,369
			-1,014
			-1,770
			-221
			622
			-1,271
			-3,235
			-4,583
			-2,495
			11,313
			5,764
			-2,361
			-4,691
			352
			-3,113
			-5,017
			9,238
			-2,961
			-2,402
			-1,306
			-869
			-2,083
			-1,141
			-1,809
			2,487
			-1,130
			759
			-343
			-1,838
			-1,830
			-8,034
			-1,222
			-327
			2,150
			-2,549
			-161
			-2,196
			-1,676
			-656
			-3,587
			136
			6,916
			-11
			4,682
			-124
			787
			-2,121
			3,969
			-829
			-3,252
			1,966
			-727
			265
			-2,093
			1,357
			8,523
			-145
			-3,202
			-975
			-2,248
			-337
			-1,266
			-1,150
			1,183
			-3,170
			-317
			1,275
			-1,870
			-303
			145
			2,199
			-1,009
			297
			-1,415
			-684
			5,712
			3,791
			688
			3,013
			7,045
			308
			-1,477
			-4,073
			66
			-2,073
			355
			-2,153
			-6,976
			690
			-1,420
			-2,478
			1,155
			-2,961
			1,979
			1,976
			-1,375
			8,305
			10,855
			-71
			555
			509
			3,926
			8,607
			955
			3,488
			-85
			-1,325
			-1,812
			7,235
			1,873
			-1,737
			-1,380
			124
			4,447
			828
			1,314
			6,438
			-45
			-1,142
			939
			-1,230
			-3,526
			4,104
			2,130
			11,484
			-58
			2,567
			-390
			-2,418
			-75
			-1,244
			84
			3
			2,372
			286
			4,391
			-1,261
			2,922
			3,030
			-14
			1,367
			6,489
			206
			3,140
			-3,035
			-2,330
			3,861
			1,618
			-6,803
			13,517
			115
			-924
			2,220
			984
			1,224
			5,585
			810
			-1,305
			-15
			2,387
			12,579
			1,958
			8,214
			3,754
			-2,620
			2,122
			4,288
			1,469
			-1,011
			4,900
			-1,262
			-2,960
			-3,540
			-1,575

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	578,340
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

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? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see 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))
2010	191,870	4,505,750	0.042583
2009	225,978	3,842,734	0.058807
2008	278,609	4,406,480	0.063227
2007	233,676	5,679,871	0.041141
2006	231,610	4,862,095	0.047636

2	Total of line 1, column (d) ......................	2	0.253394
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	0.050679
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	4,869,837
5	Multiply line 4 by line 3.......................	5	246,798
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	6,209
7	Add lines 5 and 6.........................	7	253,007
8	Enter qualifying distributions from Part XII, line 4..............	8	213,253
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 (2011)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	12,419
	hereand 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	12,419
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	12,419
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	3,780
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,780
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	8,639
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 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

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

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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.

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....

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

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

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

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

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

instructions) bullet

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 .

Yes

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 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Trust Point Inc Telephone no. bullet

(608) 782-1148

Located at bullet

230 FRONT STREET NORTHLA CROSSEWI ZIP+4 bullet

54601

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2011, 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? .................

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 (2011)

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

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? YesNo

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

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

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

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 2011?.............

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)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

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

20, 20, 20, 20

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

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2011 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 2011.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2011?

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))? YesNo

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

on, directly or indirectly, any voter registration drive?...............YesNo

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

(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)...YesNo

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

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

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

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

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

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

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

Form 990-PF (2011)

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
Trust Point Inc	Director 1	25,544
230 Front Street North La Crosse,WI54601	Director 1	25,544
George E Smith	Director 1	1,750
1334 Nakomis Avenue La Crosse,WI54601	Director 1	1,750
Darwin Isaacson	Director 1	0
230 Front Street North La Crosse,WI54601	Director 1	0
Mark Chamberlain	Director 1	0
230 Front Street North La Crosse,WI54601	Director 1	0

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...................				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............. bullet

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 (2011)

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	NONE
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

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

purposes:

Average monthly fair market value of securities...................

4,943,997

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

4,943,997

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

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

Acquisition indebtedness applicable to line 1 assets..................

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

4,943,997

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

of the instructions) ...........................

74,160

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

4,869,837

Minimum investment return. Enter 5% of line 5..................

243,492

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

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

243,492

Tax on investment income for 2011 from Part VI, line 5......

12,419

Income tax for 2011. (This does not include the tax from Part VI.)...

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

12,419

Distributable amount before adjustments. Subtract line 2c from line 1............

231,073

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

Add lines 3 and 4............................

231,073

Deduction from distributable amount (see page 25 of the instructions)...........

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

line 1................................

231,073

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

213,253

Program-related investments—total from Part IX-B..................

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

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

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

213,253

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4..............

213,253

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 (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2010	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7					231,073
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				212,979
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2011 from Part
XII, line 4: $ 213,253
a Applied to 2010, but not more than line 2a				212,979
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 2011 distributable amount.....					274
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		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		0
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 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					230,799
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 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

Form 990-PF (2011)

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 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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

Darwin Isaacson
230 Front Street North
La Crosse,WI54601
(608) 782-1148

bThe form in which applications should be submitted and information and materials they should include:

Letter outlining organization's needs and exemption qualifications including brief resume of organization's past qualifying activities

cAny submission deadlines:

None

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

La Crosse County, WI as preferred area of participation

Form 990-PF (2011)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UW-L Foundation 615 EAST AVENUE NORTH La Crosse,WI54601	NONE	PUBLIC	ACCOUNTANCY SCHOLARSHIPS	29,453
Junior Achievement ONE EDUCATION WAY Colorado Springs,CO80906	NONE	PUBLIC	BUSINESS CHALLENGE SPONSORSHIP	4,000
WWTC Foundation Inc 400 SEVENTH STREET NORTH La Crosse,WI54601	NONE	PUBLIC	EDUCATION	5,000
Salvation Army 223 NORTH 8TH STREET La Crosse,WI54601	NONE	PUBLIC	HUMANITARIAN	4,000
Shriners Hospitals for Children 6977 MAIN STREET Houston,TX77030	NONE	PUBLIC	HUMANITARIAN	1,000
Mayo Foundation 200 FIRST STREET SW Rochester,MN55905	NONE	PUBLIC	HUMANITARIAN	1,000
Wisconsin Masonic Foundation 36275 SUNSET DRIVE Dousman,WI53118	NONE	PUBLIC	EDUCATION SCHOLARSHIP	1,000
La Crosse Area YMCA 1140 MAIN STREET La Crosse,WI54601	NONE	PUBLIC	YOUTH DEVELOPMENT	1,500
Gundersen Medical Foundation 1836 SOUTH AVE La Crosse,WI54601	NONE	PUBLIC	HUMANITARIAN	1,000
La Crosse County Historical Society PO BOX 1272 La Crosse,WI54602	NONE	PUBLIC	HISTORICAL	1,000
First Presbyterian Church 233 WEST AVE SOUTH La Crosse,WI54601	NONE	PUBLIC	RELIGIOUS	5,000
Viterbo University 900 VITERBO DRIVE La Crosse,WI54601	NONE	PUBLIC	EDUCATION SCHOLARSHIPS	18,000
United Way 1855 E MAIN ST Onalaska,WI54650	NONE	PUBLIC	HUMANITARIAN	12,000
Catholic Charities of La Crosse 3710 EAST AVE SOUTH La Crosse,WI54601	PUBLIC	PUBLIC	HUMANITARIAN	5,000
La Crosse Community Theatre 118 5TH AVE N La Crosse,WI54602	NONE	PUBLIC	ARTS	71,000
Myrick Hixon Ecopark Inc 789 MYRICK PARK DR La Crosse,WI54601	NONE	PUBLIC	ENVIRONMENTAL	37,500
Rotary Works Foundation PO BOX 1571 La Crosse,WI54602	PUBLIC	PUBLIC	HUMANITARIAN	2,000
Blue Stars Drum & Bugle Corps 1100 KANE ST SUITE 125B La Crosse,WI54603	NONE	PUBLIC	ARTS	1,500
Children's Museum of La Crosse 207 5TH AVENUE SOUTH La Crosse,WI54601	NONE	PUBLIC	YOUTH DEVELOPMENT	2,500
Neighborhood City Church 525 7TH STREET SOUTH La Crosse,WI54601	NONE	PUBLIC	RELIGIOUS	1,000
United Fund for Arts & Humanities 119 KING STREET La Crosse,WI54601	NONE	PUBLIC	ARTS & HUMANITIES	1,800
La Crosse Youth Symphony Orchestra PO BOX 2511 La Crosse,WI54602	NONE	PUBLIC	ARTS	1,000
La Crosse Symphony Orchestra 201 MAIN STREET SUITE 23 La Crosse,WI54601	NONE	PUBLIC	ARTS	1,500
University of WI - La Crosse 1725 STATE STREET La Crosse,WI54601	NONE	PUBLIC	JAZZ IN THE PARK	3,500
Total ................................. 3a				212,253

bApproved for future payment

Total ................................. 3b

Form 990-PF (2011)

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
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
4 Dividends and interest from securities....			14	98,961
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	578,340
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)..				677,301

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

13677,301

(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.	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 (2011)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

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

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

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

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

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

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

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(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 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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	End of Year - Book Value	End of Year - Fair Market Value
FEDERATED TAX-FREE OBLIGATIONS	36,348	36,348
MANDAN ND PUB SCH DIST NO 1	53,008	54,546
SHAWSHEEN VY MA REGL VOCATION	52,102	53,847
PENNSYLVANIA ST 4%	103,611	106,031
WATERLOO IA 4%	53,010	55,039
DOUGLAS COUNTY NE SCHOOL	101,656	106,715
LAREDO TX 4.55%	101,508	100,489
WAUSAU WI SCHOOL DISTRICT	54,500	54,669
MONONA GROVE WI SCHOOL DIST	105,001	110,686
DU PAGE & COOK CNTYS IL ISD	100,628	104,068
CHICAGO IL MIDWAY AIRPORT	9,974	10,000
DREIHAUS ACTIVE INCOME FUND	90,000	82,308
GOLDMAN SACHS HIGH YIELD FUND	34,648	33,864
PIMCO REAL RETURN FUND	20,648	21,449
VANGUARD CONVERTIBLE SEC	24,508	21,068
AUTOLIV INC	15,740	15,138
BORG WARNER AUTOMOTIVE INC	14,232	14,214
NISSAN MOTOR CO LTD SPONSORED	17,861	17,376
VOLKSWAGEN AG SPONSORED ADR	16,165	14,720
COACH INC	17,570	18,007
TIME WARNER CABLE INC	15,989	15,257
BEACON ROOFING SUPPLY INC	14,204	21,181
FASTENAL CO	14,023	17,618
LKQ CORP	14,282	15,431
MITSUI & CO LTD SPONSORED ADR	14,299	14,935
CHEESECAKE FACTORY INC	9,531	16,143
CHICOS FAS INC	14,369	14,348
DOLLAR TREE INC	16,057	15,874
FRESH MARKET INC	18,088	17,756
KINGFISHER PLC ADR	15,650	15,755
MC DONALDS CORP	12,648	21,270
STARBUCKS CORP	17,337	19,508
WAL MART STORES INC	14,950	16,793
WALGREEN CO	14,765	13,654
SIGNET JEWELERS LIMITED	15,159	16,837
AERCAP HOLDINGS NV	14,461	15,919
BEAM INC	14,337	14,396
COMPANHIA DE BEDIDAS DAS AMERI	13,841	15,266
FOMENTO ECONOMICO MEXICANO	14,177	14,360
HEINZ H J CO	14,271	14,267
KRAFT FOODS INC	15,493	16,924
SMUCKER JM CO	13,827	18,370
UNILEVER PLC ADR NEW	14,218	14,347
WEIS MARKETS INC	13,799	14,099
KIMBERLY CLARK CORP	15,603	15,595
COLGATE-PALMOLIVE CO	11,478	16,168
PROCTER & GAMBLE CO	16,419	15,944
ALTRIA GROUP INC	14,597	14,499
PHILLIP MORRIS INTL INC	28,053	30,607
APACHE CORP	23,734	27,265
CNOOC LTD SPONSORED ADR	11,753	15,721
CHEVRON CORP	12,138	19,790
CHINA PETROLEUM & CHEMICAL	14,912	15,863
CONOCOPHILLIPS	17,065	24,630
DEVON ENERGY CORP	14,045	13,268
EXXON MOBIL CORP	22,061	28,225
GAXPROM OAO ADR	13,997	14,056
HESS CORP	14,101	14,257
MARATHON OIL CORP	14,876	16,186
ROYAL DUTCH SHELL PLC B	14,139	14,290
TOTAL FINA SA SPONSORED ADR	14,113	14,464
HALLIBURTON CO	16,457	16,220
NATIONAL-OILWELL INC	18,944	19,445
SCHLUMBERGER LTD	26,696	22,474
CHEMED CORP	10,872	13,571
GRAND CANYON EDUCATION INC	14,319	14,252
MAXIMUS INC	13,852	15,672
RITCHIE BROS AUCTIONEERS INC	13,989	15,831
ROLLINS INC	12,110	23,898
ACCENTURE PLC	16,962	17,140
BANK NEW YORK MELLON CORP	23,505	21,841
CASS INFORMATION SYSTEMS INC	28	33
NATIONAL PENN BANCSHARES INC	14,341	14,112
OLD NATIONAL BANCORP	17,728	17,475
WELLS FARGO & CO	16,196	16,233
AMERICAN EXPRESS CO	17,275	17,217
CAPITAL ONE FINANCIAL CORP	17,074	14,590
GOLDMAN SACHS GROUP INC	14,147	14,107
JPMORGAN CHASE & CO	30,341	28,130
PORTFOLIO RECOVERY ASSOCIATES	14,255	14,449
T ROWE PRICE GROUP INC	9,167	16,003
GAYLORD ENTERTAINMENT CO	14,033	13,953
ALLSTATE CORP	14,029	15,651
ALLIED WORLD ASSURANCE HLDINGS	14,337	14,348
CBL & ASSOCIATES PROPERTIES	14,170	14,161
COUSINS PROPERTIES INC	15,109	16,999
PROVIDENT FINANCIAL SERVICES	14,255	14,113
UNITED FINANCIAL BANCORP INC	14,370	14,272
ABBOTT LABORATORIES	14,280	14,339
AMERISOURCEBERGEN CORP	13,976	18,335
ASTRAZENECA GROUP PLC SPONS	23,688	24,858
BRISTOL MYERS SQUIBB CO	14,318	14,343
GLAXOSMITHKLINE PLC	14,273	14,282
MEAD JOHNSON NUTRITION CO	14,785	14,296
NEOGEN CORP	14,133	12,348
WATSON PHARMACEUTICALS	8,486	18,826
WARNER CHILCOTT PLC-A	16,480	10,198
INTEGRA LIFESCIENCES HOLDINGS	14,147	13,966
ABAXIS INC	14,206	14,139
HUMANA INC	10,421	14,018
IPC THE HOSPITALIST CO INC	14,285	13,990
LABORATORY CORP OF AMERICA HLD	13,864	14,873
MEDNAX INC	14,848	17,066
QUEST DIAGNOSTICS INC	14,104	14,051
ANGIODYNAMICS INC	12,916	15,536
BAXTER INTERNATIONAL INC	13,913	12,271
BECTON DICKINSON & CO	12,627	14,645
CEPHEID INC	5,342	21,885
ICU MEDICAL INC	14,324	14,220
ST JUDE MEDICAL INC	17,409	15,709
SCHEIN HENRY INC	14,788	14,432
TECHNE CORP	14,130	14,266
UNITED TECHNOLOGIES CORP	18,648	26,751
EMERSON ELECTRIC CO	15,187	15,654
HITACHI LTD SPONSORED ADR	13,947	14,547
DOVER CORP	10,027	18,518
GENERAL ELECTRIC CO	28,686	33,599
HONEYWELL INTERNATIONAL INC	16,048	16,033
LVMH MOET HENNESSY L.V.	14,097	14,429
DEERE & CO	14,650	16,244
CANADIAN NAT'L RAILWAY CO	19,425	20,583
FORWARD AIR CORP	14,204	13,878
HEARTLAND EXPRESS INC	16,386	14,419
UNITED PARCEL SERVICE	15,748	17,053
BAIDU COM INC ADR	14,475	14,442
EBAY INC	14,661	14,376
GOOGLE INC CLASS A	17,916	20,023
SOHU.COM INC	17,531	10,200
CHECK POINT SOFTWARE	12,672	24,379
DEALERTRACK HOLDINGS INC	19,282	21,099
MICROSOFT CORP	17,452	22,066
ORACLE CORP	17,333	12,620
QUEST SOFTWARE INC	14,069	14,192
ULTIMATE SOFTWARE GROUP INC	4,438	19,731
VERINT SYSTEMS INC	14,010	14,128
AT&T INC	28,380	29,696
AMERICA MOVIL S.A.B. DE C.V.	14,208	14,374
AMERICAN TOWER CORP CLASS A	17,910	19,323
ANIXTER INTERNATIONAL INC	14,179	13,956
BCE INC	14,169	14,543
CENTURYLINK INC	14,149	14,322
CISCO SYSTEMS INC	19,136	18,948
JUNIPER NETWORKS INC	23,186	22,288
NIPPON TELEGRAPH & TELEPHONE	8,076	8,004
PARTNER COMMUNICATIONS CO LTD	22,070	16,628
TELEFONICA BRASIL SA SP ADR	14,026	13,802
TELEFONICA DE ESPANA SA SPONS	14,094	14,302
TELENOR ASA	14,136	17,851
TIM PARTICIPACOES SA	13,948	14,603
VERIZON COMMUNICATIONS INC	16,911	18,696
VODAFONE GROUP PLC NEW	14,156	14,407
APPLE INC	8,133	25,110
EMC CORP	17,533	17,835
INT'L BUSINESS MACHINES CORP	19,144	18,940
SAN DISK CORP	16,307	18,355
TERADATA CORP DEL	15,004	13,001
BRADY CORP	14,255	14,112
FARO TECHNOLOGIES INC	14,194	14,076
GENTEX CORP	14,425	14,470
NATIONAL INSTRUMENTS CORP	9,303	16,712
ARM HOLDINGS PLC SPONSORED ADR	16,915	17,211
INTEL CORP	20,604	21,825
SEMTECH CORP	8,907	17,151
ASHLAND INC	14,245	14,233
BASF SE SPONSORED ADR	8,666	20,008
BAYER AG SPONSORED ADR	14,006	14,557
DU PONT E I DE NEMOURS & CO	17,387	14,329
POLYONE CORP	14,139	14,230
POTASH CORP OF SASKATCHWAN INC	13,943	14,035
PRAXAIR INC	14,037	16,997
FREEPORT MCMORAN COPPER & GOLD	21,145	14,863
PAN AMERICAN SILVER CORP	13,707	14,482
RIO TINTO PLC SPONSORED ADR	13,956	14,236
ROYAL DUTCH SHELL PLC SPONSOR	14,098	14,253
VALE SA-SP	17,247	11,004
DOMTAR CORP	14,211	15,112
COMPANHIA ENERGETICA DE MINAS	14,038	14,054
COMPANHIA PARANAENSE DE ENERGI	14,073	15,462
DOMINION RESOURCES INC NEW	14,279	14,225
DUKE ENERGY HOLDING CORP	14,328	14,322
ENERSIS SA	14,183	14,404
NATIONAL GRID PLC SPONSORED AD	14,120	14,205
NEXTERA ENERGY INC	13,928	15,951
PORTLAND GENERAL ELECTRIC CO	14,294	14,238
PUBLIC SERVICE ENTERPRISE GRP	18,016	18,552
SOUTHERN CO	14,297	14,257
PIEDMONT NATURAL GAS CO	14,277	14,170
VANGUARD LARGE CAP ETF	108,473	114,485
ISHARES RUSSELL MID CAP ETF	419,559	420,942
MACERICH CO	5	6
WALTER INVESTMENT MGMT CORP	24,240	20,568
MUTUALHEDGE FRONTIER LEGENDS	75,000	70,343
PYXIS LONG/SHORT EQUITY FUND	75,000	77,397
DELAWARE EMERGING MARKETS	98,790	100,622

Category	Amount	Net Investment Income
FOREIGN TAX PAID	1,828	1,828
FEDERAL TAX PAYMENT - PRIOR YE	3,206	3,206
FEDERAL ESTIMATES - PRINCIPAL	3,780	3,780