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
G
Check all that apply:
Name of foundation
MAIHAUGEN FOUNDATION INC AGENCY 1045001263
 

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

39-1857836
B Telephone number (see page 10 of the instructions)

(608) 782-1148
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$2,807,205J 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) 200,000
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 70,988 70,988  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,863
b Gross sales price for all assets on line 6a 958,460
7 Capital gain net income (from Part IV, line 2)... 0
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........ 269,125 70,988  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,675 16,675    
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)....... Click to see attachment 800 0 0 800
c Other professional fees (attach schedule).... Click to see attachment 7,959 7,959   0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 18,918 18,918   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)....... Click to see attachment 10 10    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,362 43,562 0 800
25 Contributions, gifts, grants paid........ 110,000 110,000
26 Total expenses and disbursements. Add lines 24 and 25 154,362 43,562 0 110,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 114,763
b Net investment income (if negative, enter -0-) 27,426
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 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...............   201,666 201,666
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,689,133 Click to see attachment2,602,953 Click to see attachment2,605,539
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,689,133 2,804,619 2,807,205
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)    
23 Total liabilities (add lines 17 through 22)..........   0
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......... 2,689,133 2,804,619
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).................... 2,689,133 2,804,619
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,689,133 2,804,619
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 2,689,133
2 Enter amount from Part I, line 27a..................... 2 114,763
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 723
4 Add lines 1, 2, and 3.......................... 4 2,804,619
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 2,804,619
Form 990-PF (2011)
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 822.775 CALAMOS CONVERTIBLE FUND   2009-12-18 2011-01-27
b 1175.342 LOOMIS SAYLES GLOBAL BOND FUND I   2009-12-18 2011-01-27
c 1077.516 PIMCO TOTAL RETURN INSTL   2009-11-03 2011-01-27
d 88. ABBOTT LABORATORIES   2010-12-16 2011-02-03
e 12. APPLE INC   2010-11-23 2011-02-03
188. ARCHER DANIELS MIDLAND CO   2010-12-16 2011-02-03
109. BARRICK GOLD CORP   2010-12-16 2011-02-03
266. CISCO SYSTEMS INC   2010-12-16 2011-02-03
90. COSTCO WHOLESALE CORP   2010-12-16 2011-02-03
139. DR PEPPER SNAPPLE GROUP INC   2010-11-23 2011-02-03
388. FRONTIER COMMUNICATIONS CORP   2010-12-16 2011-02-03
140. GILDAN ACTIVEWEAR INC   2010-12-16 2011-02-03
286.22 HARBOR CAPITAL APPRECIATION FUND   2010-06-03 2011-02-03
53. HEINZ (H J) CO   2010-12-16 2011-02-03
90. HOME INNS & HOTELS MGMT INC   2010-11-23 2011-02-03
28. INTERNATIONAL BUSINESS MACHINES CORP   2010-12-16 2011-02-03
8. INTUITIVE SURGICAL INC   2010-12-16 2011-02-03
53. J P MORGAN CHASE & CO   2010-12-16 2011-02-03
53. JOHNSON CONTROLS   2010-12-16 2011-02-03
50. JOY GLOBAL INC   2010-11-23 2011-02-03
87. KROGER CO   2010-11-23 2011-02-03
325.467 TIMES SQUARE MID CAP GROWTH INSTL   2010-06-03 2011-02-03
149.607 TIMES SQUARE MID CAP GROWTH INSTL   2009-10-29 2011-02-03
61. MARATHON OIL CORP   2010-11-23 2011-02-03
170. MERCK & CO INC NEW   2010-12-16 2011-02-03
66. NIKE INC CLASS B   2010-12-16 2011-02-03
171. RADIOSHACK CORP   2010-11-23 2011-02-03
48. SCHLUMBERGER LTD   2010-12-16 2011-02-03
36. UNIFIRST CORP   2010-11-23 2011-02-03
89. WGL HOLDINGS INC   2010-12-16 2011-02-03
207. ZOLTEK COS INC   2010-11-23 2011-02-03
260. INVESCO LTD   2010-12-16 2011-02-03
95. NOBLE CORP   2010-12-16 2011-02-03
1236.499 CALAMOS CONVERTIBLE FUND   2003-02-19 2011-02-07
1460.163 FEDERATED MORTGAGE INSTITUTIONAL   2009-11-03 2011-02-07
1186.534 GOLDMAN SACHS HIGH YIELD FUND   2004-04-05 2011-02-07
280.949 LOOMIS SAYLES GLOBAL BOND FUND I   2007-05-16 2011-02-07
2098.828 PIMCO TOTAL RETURN INSTL   2009-12-18 2011-02-07
569.243 PIMCO REAL RETURN FUND   2004-05-27 2011-02-07
18. APACHE CORP   2010-12-16 2011-02-15
44. CELGENE CORP   2010-11-23 2011-02-15
146. DELL INC   2011-02-03 2011-02-15
144. DELL INC   2010-11-23 2011-02-15
77. FREEPORT MCMORAN COPPER & GOLD CL B   2011-02-03 2011-02-15
101. PATNI COMPUTER SYSTEMS LTD   2010-11-23 2011-02-15
53. POST PROPERTIES INC   2010-11-23 2011-02-15
131. STATE STREET CORP   2010-12-16 2011-02-15
46. STRATASYS INC   2010-11-23 2011-02-15
64. WISCONSIN ENERGY CORP   2010-12-16 2011-02-15
450. XEROX CORP   2010-12-16 2011-02-15
784.519 CALAMOS CONVERTIBLE FUND   1997-06-26 2011-02-22
1524.39 FEDERATED MORTGAGE INSTITUTIONAL   2009-11-03 2011-02-22
1340.482 GOLDMAN SACHS HIGH YIELD FUND   2004-04-05 2011-02-22
1383.764 PIMCO TOTAL RETURN INSTL   2009-12-18 2011-02-22
480.307 PIMCO FOREIGN BOND INSTITUTIONAL   2003-05-13 2011-02-22
81. DYNAMEX INC   2010-12-16 2011-02-23
264. ACXIOM CORP   2010-11-23 2011-04-27
183. ATMEL CORP   2011-02-03 2011-04-27
46. BANCO SANTANDER CHILE   2010-12-16 2011-04-27
35. BANCOLOMBIA SA SPONSORED ADR   2011-02-03 2011-04-27
57. BANCOLOMBIA SA SPONSORED ADR   2010-11-23 2011-04-27
104. BILL BARRETT CORP   2010-12-16 2011-04-27
39. BERRY PETROLEUM CO CLASS A   2010-11-23 2011-04-27
109. BROADCOM CORP   2010-11-23 2011-04-27
54. CARPENTER TECHNOLOGY CORP   2010-11-23 2011-04-27
86. CATALYST HEALTH SOLUTIONS   2010-11-23 2011-04-27
70. CELGENE CORP   2010-11-23 2011-04-27
79. CEPHEID INC   2011-02-15 2011-04-27
807. CITIGROUP INC   2010-11-23 2011-04-27
38. EXXON MOBIL CORP   2010-12-16 2011-04-27
55. FREEPORT MCMORAN COPPER & GOLD CL B   2011-02-03 2011-04-27
12. FREEPORT MCMORAN COPPER & GOLD CL B   2010-12-16 2011-04-27
492. FRONTIER COMMUNICATIONS CORP   2010-12-16 2011-04-27
93. HEWLETT PACKARD CO   2011-02-15 2011-04-27
53. HEWLETT PACKARD CO   2010-11-23 2011-04-27
70. HUMANA INC   2010-11-23 2011-04-27
19. INTERNATIONAL BUSINESS MACHINES CORP   2010-12-16 2011-04-27
139. KONINKLIJKE PHILIPS ELECTRS N V   2010-12-16 2011-04-27
76. NESTLE S A ADR   2010-12-16 2011-04-27
146. NUTRISYSTEM INC   2010-11-23 2011-04-27
71. ORACLE CORP   2010-12-16 2011-04-27
101. PATNI COMPUTER SYSTEMS LTD   2011-02-03 2011-04-27
64. PATNI COMPUTER SYSTEMS LTD   2010-11-23 2011-04-27
72. PROCTER & GAMBLE CO   2010-12-16 2011-04-27
106. ROBERT HALF INTERNATIONAL INC   2010-12-16 2011-04-27
145. SUNTRUST BANKS INC   2010-11-23 2011-04-27
56. TEMPUR PEDIC INTERNATIONAL INC   2010-11-23 2011-04-27
151. U S BANCORP DEL   2010-12-16 2011-04-27
76. WISCONSIN ENERGY CORP   2010-12-16 2011-04-27
206. ALTRIA GROUP INC   2010-11-23 2011-05-24
14. AMAZON.COM INC   2011-04-27 2011-05-24
24. AUTOZONE INC   2010-12-16 2011-05-24
387. BANCO SANTANDER BRASIL S A ADS   2010-12-16 2011-05-24
167. BANK OF AMERICA CORP   2011-02-03 2011-05-24
166. BROADCOM CORP   2010-11-23 2011-05-24
23. CHEVRONTEXACO CORP   2010-12-16 2011-05-24
48. DEERE & CO   2011-02-15 2011-05-24
30. EOG RESOURCES INC   2011-04-27 2011-05-24
277. FIFTH THIRD BANCORP   2011-04-27 2011-05-24
4. GOOGLE INC CLASS A   2011-02-15 2011-05-24
72. MONSANTO CO   2010-12-16 2011-05-24
68. ORACLE CORP   2010-12-16 2011-05-24
43. PRECISION CASTPARTS CORP   2010-12-16 2011-05-24
27. SCHLUMBERGER LTD   2010-11-23 2011-05-24
114. STARWOOD HOTELS & RESORTS WORLDWIDE   2010-11-23 2011-05-24
170. MARVELL TECHNOLOGY GROUP LTD   2010-11-23 2011-05-24
102. MARVELL TECHNOLOGY GROUP LTD   2011-02-15 2011-05-24
28. TRANSOCEAN LTD   2011-04-27 2011-05-24
55. MILLICOM INTERNATIONAL CELLULAR SA   2010-12-16 2011-05-24
25. ANADARKO PETROLEUM CORP   2011-02-03 2011-06-21
64. CARTERS INC   2011-04-27 2011-06-21
60. CATERPILLAR INC   2010-12-16 2011-06-21
100. CITRIX SYSTEMS INC   2010-12-16 2011-06-21
51. COCA COLA CO   2010-12-16 2011-06-21
44. DEVON ENERGY CORP   2011-04-27 2011-06-21
53. EXXON MOBIL CORP   2010-12-16 2011-06-21
203. GT SOLAR INTERNATIONAL INC   2011-04-27 2011-06-21
234. INTERCONTINENTAL HOTELS GROUP   2010-11-23 2011-06-21
157. JOHNSON CONTROLS   2010-11-23 2011-06-21
85. MYLAN LABORATORIES INC   2011-04-27 2011-06-21
42. OCCIDENTAL PETROLEUM CORP   2010-12-16 2011-06-21
137. OMNICOM GROUP INC   2010-12-16 2011-06-21
36. QUALCOMM INC   2011-05-24 2011-06-21
33. RESEARCH IN MOTION LTD   2011-02-03 2011-06-21
61. RESEARCH IN MOTION LTD   2010-11-23 2011-06-21
29. SCHLUMBERGER LTD   2010-11-23 2011-06-21
194. SUBSEA 7 S A   2010-11-23 2011-06-21
72. VODAFONE GROUP PLC NEW   2011-04-27 2011-06-21
449. LAWSON SOFTWARE INC   2010-12-16 2011-07-06
.5 MARATHON PETROLEUM CORP   2010-11-23 2011-07-26
93. ANSYS INC   2010-12-16 2011-08-01
367. BANK OF AMERICA CORP   2010-11-23 2011-08-01
122. CEPHEID INC   2010-11-23 2011-08-01
26. CLEARWATER PAPER CORP   2011-02-15 2011-08-01
31. CLEARWATER PAPER CORP   2010-11-23 2011-08-01
69. COMMUNITY TRUST BANCORP INC   2011-02-15 2011-08-01
71. EMC CORP   2011-04-27 2011-08-01
62. GENTEX CORP   2011-02-15 2011-08-01
5. GOOGLE INC CLASS A   2011-02-03 2011-08-01
136. HORACE MANN EDUCATORS   2011-06-21 2011-08-01
139. HORACE MANN EDUCATORS   2010-12-16 2011-08-01
114. HORMEL FOODS CORP   2011-05-24 2011-08-01
127. INTUIT INC   2010-12-16 2011-08-01
193. MARATHON OIL CORP   2010-11-23 2011-08-01
114. PETROLEUM DEVELOPMENT CORP   2010-11-23 2011-08-01
38. QUALCOMM INC   2011-02-03 2011-08-01
162. STAPLES INC   2011-02-03 2011-08-01
82. TECK RESOURCES LTD CLASS B   2011-02-15 2011-08-01
131. TERADYNE INC   2011-04-27 2011-08-01
179. TRINA SOLAR LTD SP ADR   2010-11-23 2011-08-01
94. TRINA SOLAR LTD SP ADR   2011-05-24 2011-08-01
46. USANA HEALTH SCIENCES INC   2010-12-16 2011-08-01
111. VODAFONE GROUP PLC NEW   2011-05-24 2011-08-01
85. TELVENT GIT SA   2010-11-23 2011-08-01
69. ASPEN INSURANCE HOLDINGS   2010-11-23 2011-08-01
67. ASPEN INSURANCE HOLDINGS   2011-02-03 2011-08-01
45. ENDURANCE SPECIALTY   2011-04-27 2011-08-01
92. ENDURANCE SPECIALTY   2010-12-16 2011-08-01
69. INGERSOLL-RAND PUBLIC LIMITED CO   2010-12-16 2011-08-01
60. PLATINUM UNDERWRITERS HOLDINGS LTD   2010-12-16 2011-08-01
.875 TIM PARTICIPACOES S A   2010-12-16 2011-08-25
53. AGRIUM INC   2011-04-27 2011-10-10
34. ALLERGAN INC   2010-12-16 2011-10-10
114. AMERICAN ASSETS TRUST INC   2011-02-15 2011-10-10
6. APPLE INC   2011-04-27 2011-10-10
1. APPLE INC   2010-11-23 2011-10-10
261. ARCH COAL INC   2011-06-21 2011-10-10
119. BAE SYSTEMS PLC ADR   2010-12-16 2011-10-10
90. BAKER HUGHES INC   2011-04-27 2011-10-10
206. BANK OF AMERICA CORP   2010-11-23 2011-10-10
4. BIO RAD LABS INC CLASS A   2010-11-23 2011-10-10
19. BIO RAD LABS INC CLASS A   2011-02-15 2011-10-10
338. BROOKLINE BANCORP INC   2010-12-16 2011-10-10
15. CF INDUSTRIES HOLDINGS INC   2011-04-27 2011-10-10
4. CF INDUSTRIES HOLDINGS INC   2010-11-23 2011-10-10
315. CAL DIVE INTERNATIONAL INC   2011-05-24 2011-10-10
543. CELESTICA INC   2010-12-16 2011-10-10
54. CEPHEID INC   2010-11-23 2011-10-10
80. CHEESECAKE FACTORY INC   2010-11-23 2011-10-10
39. CHEMED CORP   2010-12-16 2011-10-10
3. CHINA MOBILE LTD ADR   2011-02-03 2011-10-10
40. CHINA MOBILE LTD ADR   2010-11-23 2011-10-10
114. COLONIAL PROPERTIES TRUST   2010-11-23 2011-10-10
109. COLONY FINANCIAL INC   2011-05-24 2011-10-10
180. COMCAST CORP CLASS A (NEW)   2011-08-01 2011-10-10
88. CONSTANT CONTACT INC   2010-11-23 2011-10-10
409. DCT INDUSTRIAL TRUST INC   2010-11-23 2011-10-10
162. DIGI INTERNATIONAL INC   2011-02-15 2011-10-10
168. DISNEY (WALT) CO   2010-12-16 2011-10-10
95. DISCOVERY COMMUNICATIONS   2011-06-21 2011-10-10
80. ENI SPA SPONSORED ADR   2010-12-16 2011-10-10
41. ENI SPA SPONSORED ADR   2011-02-03 2011-10-10
221. ECHELON CORP   2010-11-23 2011-10-10
234. ECHELON CORP   2011-06-21 2011-10-10
75. EXPEDIA INC   2011-06-21 2011-10-10
60. FASTENAL CO   2010-12-16 2011-10-10
457. FIRST COMMONWEALTH FINANCIAL   2011-02-03 2011-10-10
70. FLUOR CORP   2010-12-16 2011-10-10
79. FREEPORT MCMORAN COPPER & GOLD CL B   2010-12-16 2011-10-10
93. GENERAL MILLS, INC.   2011-04-27 2011-10-10
37. GENESCO INC   2010-11-23 2011-10-10
89. GENTEX CORP   2011-02-03 2011-10-10
324. GUIDANCE SOFTWARE INC   2010-11-23 2011-10-10
124. HANCOCK JOHN BK & THRIFT OPPORTUNITY FD   2010-12-16 2011-10-10
89. INTEGRA LIFESCIENCES HOLDINGS CORP   2010-12-16 2011-10-10
172. J P MORGAN CHASE & CO   2010-11-23 2011-10-10
72. J P MORGAN CHASE & CO   2011-04-27 2011-10-10
171. JOHNSON CONTROLS   2010-11-23 2011-10-10
54. KLA-TENCOR CORP   2011-06-21 2011-10-10
325. LANDEC CORP   2010-11-23 2011-10-10
87. MACK-CALI REALTY CORP   2010-12-16 2011-10-10
96. MARATHON PETROLEUM CORP   2010-11-23 2011-10-10
75. MATTEL INC   2011-05-24 2011-10-10
57. MAXIMUS INC   2010-12-16 2011-10-10
133. MEDTOX SCIENTIFIC INC   2011-02-15 2011-10-10
32. MEDNAX INC   2011-02-15 2011-10-10
3. MEDNAX INC   2010-11-23 2011-10-10
129. METLIFE INC   2010-12-16 2011-10-10
103. MOBILE MINI INC   2010-12-16 2011-10-10
78. NATIONAL INSTRUMENTS CORP   2011-08-01 2011-10-10
21. NATIONAL INSTRUMENTS CORP   2010-11-23 2011-10-10
70. NEOGEN CORP   2010-12-16 2011-10-10
45. NESTLE S A ADR   2010-12-16 2011-10-10
45. NORDSTROM INC   2011-06-21 2011-10-10
260. OLD NATIONAL BANCORP   2010-12-16 2011-10-10
144. OMNICOM GROUP INC   2010-12-16 2011-10-10
37. PNC BANK CORP   2011-08-01 2011-10-10
99. PAREXEL INTERNATIONAL CORP   2010-11-23 2011-10-10
63. POWER INTEGRATIONS INC   2010-12-16 2011-10-10
91. PROTECTIVE LIFE CORP   2011-06-21 2011-10-10
126. PROTECTIVE LIFE CORP   2010-11-23 2011-10-10
228. RESOURCES CONNECTION INC   2010-11-23 2011-10-10
105. ROLLINS INC   2011-02-03 2011-10-10
140. SARA LEE CORP   2011-05-24 2011-10-10
93. SEMTECH CORP   2010-11-23 2011-10-10
28. SMUCKER JM CO   2010-12-16 2011-10-10
72. 3M CO   2010-12-16 2011-10-10
83. TIM PARTICIPACOES S A   2010-12-16 2011-10-10
44. ULTIMATE SOFTWARE GROUP INC   2010-12-16 2011-10-10
98. UNIVERSAL TECHNICAL INSTITUTE INC   2010-11-23 2011-10-10
100. WERNER ENTERPRISES INC   2010-12-16 2011-10-10
20. SINA CORP   2011-08-01 2011-10-10
2735.228 FEDERATED ULTRASHORT BOND INSTL   2010-03-08 2011-11-30
2319.11 PIMCO TOTAL RETURN INSTL   2010-06-03 2011-11-30
821.017 PIMCO REAL RETURN FUND   2009-12-18 2011-11-30
52. NICOR INC   2010-12-16 2011-12-12
CAPITAL GAIN 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 15,550   13,925 1,625
b 19,534   18,711 823
c 11,702   11,756 -54
d 4,036   4,256 -220
e 4,111   3,694 417
6,639   5,566 1,073
5,260   5,563 -303
5,775   5,264 511
6,632   6,313 319
4,886   5,207 -321
3,620   3,690 -70
4,145   4,097 48
10,811   9,182 1,629
2,533   2,678 -145
3,088   4,386 -1,298
4,591   4,046 545
2,631   2,105 526
2,388   2,142 246
1,972   2,048 -76
4,473   3,726 747
1,902   2,005 -103
4,723   4,000 723
2,171   1,647 524
2,766   2,036 730
5,562   6,075 -513
5,524   5,881 -357
2,573   3,259 -686
4,251   3,748 503
2,028   1,772 256
3,287   3,215 72
2,391   2,016 375
6,411   5,655 756
3,576   3,348 228
23,691   20,650 3,041
14,295   14,470 -175
8,828   9,445 -617
4,658   4,408 250
22,625   22,889 -264
6,387   6,543 -156
2,151   2,107 44
2,323   2,671 -348
2,018   2,024 -6
1,990   2,000 -10
4,196   4,335 -139
2,013   2,122 -109
1,996   1,716 280
5,972   5,711 261
2,075   1,551 524
3,752   3,756 -4
4,954   5,275 -321
15,000   12,419 2,581
15,000   15,107 -107
10,000   10,670 -670
15,000   15,083 -83
5,000   5,173 -173
2,025   2,010 15
3,895   4,464 -569
2,739   2,752 -13
4,115   4,238 -123
2,247   2,023 224
3,660   3,445 215
4,225   4,017 208
2,000   1,451 549
3,871   4,802 -931
2,682   1,935 747
4,925   3,746 1,179
4,107   4,250 -143
2,499   1,994 505
3,592   3,357 235
3,304   2,746 558
3,046   3,097 -51
665   666 -1
3,970   4,591 -621
3,812   4,421 -609
2,172   2,316 -144
5,344   3,998 1,346
3,236   2,746 490
4,137   4,155 -18
4,663   4,401 262
2,060   3,059 -999
2,494   2,160 334
1,988   2,030 -42
1,260   1,345 -85
4,596   4,620 -24
3,226   3,210 16
3,979   3,421 558
3,430   1,965 1,465
3,826   3,956 -130
2,329   2,230 99
5,740   5,059 681
2,719   2,708 11
7,005   6,416 589
4,187   5,027 -840
1,882   2,401 -519
5,477   7,314 -1,837
2,360   2,044 316
4,016   4,485 -469
3,169   3,331 -162
3,404   3,660 -256
2,082   2,502 -420
4,866   4,468 398
2,244   2,069 175
6,458   5,910 548
2,248   2,020 228
6,537   6,377 160
2,412   3,363 -951
1,447   1,917 -470
1,903   1,978 -75
5,734   5,042 692
1,796   1,938 -142
1,965   2,057 -92
6,067   5,336 731
7,702   6,744 958
3,367   3,325 42
3,433   3,847 -414
4,265   3,830 435
2,805   2,202 603
4,538   4,184 354
5,997   5,776 221
1,930   2,137 -207
4,304   3,833 471
6,405   6,337 68
1,958   2,026 -68
918   2,059 -1,141
1,696   3,529 -1,833
2,421   2,169 252
4,673   4,101 572
1,920   2,086 -166
5,051   4,005 1,046
21   13 8
4,643   4,627 16
3,582   4,121 -539
4,423   2,442 1,981
1,959   2,046 -87
2,336   2,541 -205
1,877   2,014 -137
1,838   1,986 -148
1,724   1,994 -270
3,006   3,045 -39
1,968   2,067 -99
2,012   2,495 -483
3,256   3,432 -176
5,804   6,061 -257
5,904   3,904 2,000
4,091   3,983 108
2,048   2,088 -40
2,471   3,624 -1,153
4,111   4,803 -692
1,740   2,413 -673
3,251   4,210 -959
1,707   2,022 -315
1,247   2,026 -779
3,058   3,125 -67
3,386   2,006 1,380
1,772   2,033 -261
1,721   2,043 -322
1,816   2,036 -220
3,713   4,239 -526
2,548   3,200 -652
2,030   2,725 -695
25   17 8
3,826   4,944 -1,118
2,820   2,407 413
2,006   2,429 -423
2,307   2,100 207
385   308 77
4,221   6,734 -2,513
1,986   2,460 -474
4,664   6,310 -1,646
1,259   2,313 -1,054
376   374 2
1,787   2,086 -299
2,725   3,667 -942
2,118   2,090 28
565   480 85
619   2,008 -1,389
4,519   4,994 -475
2,178   1,081 1,097
2,085   2,516 -431
2,056   2,463 -407
143   148 -5
1,910   1,995 -85
2,082   1,971 111
1,427   2,006 -579
4,119   4,301 -182
1,566   2,061 -495
1,693   1,984 -291
2,107   1,771 336
5,523   6,176 -653
3,708   4,067 -359
3,224   3,486 -262
1,653   2,015 -362
1,464   1,982 -518
1,551   2,031 -480
2,079   2,106 -27
2,074   1,774 300
1,729   2,993 -1,264
3,627   4,409 -782
2,820   4,043 -1,223
3,645   3,586 59
2,094   1,419 675
2,354   2,771 -417
1,997   2,005 -8
1,578   2,032 -454
3,200   4,058 -858
5,488   6,503 -1,015
2,297   3,263 -966
5,063   6,291 -1,228
2,307   2,193 114
1,748   2,025 -277
2,307   2,614 -307
3,149   2,523 626
2,084   1,979 105
2,074   1,899 175
1,679   2,048 -369
1,998   2,052 -54
187   180 7
3,863   5,653 -1,790
1,688   2,034 -346
1,867   1,957 -90
503   477 26
2,410   2,796 -386
2,527   2,606 -79
2,267   2,070 197
2,705   3,045 -340
5,733   6,529 -796
1,836   2,020 -184
2,041   1,938 103
2,052   2,505 -453
1,442   2,077 -635
1,997   2,989 -992
2,315   3,769 -1,454
2,041   2,038 3
2,334   2,737 -403
2,152   2,160 -8
2,055   1,832 223
5,490   6,217 -727
2,036   1,639 397
2,193   2,055 138
1,359   1,981 -622
2,182   2,232 -50
1,533   2,133 -600
25,000   25,000  
25,000   25,719 -719
10,000   9,252 748
2,806   2,592 214
      30
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       1,625
b       823
c       -54
d       -220
e       417
      1,073
      -303
      511
      319
      -321
      -70
      48
      1,629
      -145
      -1,298
      545
      526
      246
      -76
      747
      -103
      723
      524
      730
      -513
      -357
      -686
      503
      256
      72
      375
      756
      228
      3,041
      -175
      -617
      250
      -264
      -156
      44
      -348
      -6
      -10
      -139
      -109
      280
      261
      524
      -4
      -321
      2,581
      -107
      -670
      -83
      -173
      15
      -569
      -13
      -123
      224
      215
      208
      549
      -931
      747
      1,179
      -143
      505
      235
      558
      -51
      -1
      -621
      -609
      -144
      1,346
      490
      -18
      262
      -999
      334
      -42
      -85
      -24
      16
      558
      1,465
      -130
      99
      681
      11
      589
      -840
      -519
      -1,837
      316
      -469
      -162
      -256
      -420
      398
      175
      548
      228
      160
      -951
      -470
      -75
      692
      -142
      -92
      731
      958
      42
      -414
      435
      603
      354
      221
      -207
      471
      68
      -68
      -1,141
      -1,833
      252
      572
      -166
      1,046
      8
      16
      -539
      1,981
      -87
      -205
      -137
      -148
      -270
      -39
      -99
      -483
      -176
      -257
      2,000
      108
      -40
      -1,153
      -692
      -673
      -959
      -315
      -779
      -67
      1,380
      -261
      -322
      -220
      -526
      -652
      -695
      8
      -1,118
      413
      -423
      207
      77
      -2,513
      -474
      -1,646
      -1,054
      2
      -299
      -942
      28
      85
      -1,389
      -475
      1,097
      -431
      -407
      -5
      -85
      111
      -579
      -182
      -495
      -291
      336
      -653
      -359
      -262
      -362
      -518
      -480
      -27
      300
      -1,264
      -782
      -1,223
      59
      675
      -417
      -8
      -454
      -858
      -1,015
      -966
      -1,228
      114
      -277
      -307
      626
      105
      175
      -369
      -54
      7
      -1,790
      -346
      -90
      26
      -386
      -79
      197
      -340
      -796
      -184
      103
      -453
      -635
      -992
      -1,454
      3
      -403
      -8
      223
      -727
      397
      138
      -622
      -50
      -600
       
      -719
      748
      214
       
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 -1,863
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))
2010 98,775 2,263,114 0.043646
2009 120,165 2,028,528 0.059238
2008 120,841 2,329,948 0.051864
2007 124,100 2,637,027 0.047061
2006 115,000 2,516,345 0.045701
2 Total of line 1, column (d) ...................... 2 0.24751
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 0.049502
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 2,757,580
5 Multiply line 4 by line 3....................... 5 136,506
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 274
7 Add lines 5 and 6......................... 7 136,780
8 Enter qualifying distributions from Part XII, line 4.............. 8 110,800
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)
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 Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 549
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............................ 3 549
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- ..... 5 549
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 9,344
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 9,344
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,795
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet552 Refunded Bullet 11 8,243
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)bulletWI
    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 2011 or the taxable year beginning in 2011 (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 addressbullet  
    14
    The books are in care ofbulletTrust Point Inc Telephone no.bullet (608) 782-1148
    Located atbullet230 FRONT STREET NORTHLA CROSSEWI ZIP+4bullet54601
    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 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? .................
    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 (2011)
    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
    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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    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
     
    No
    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 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.)....................
    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 2011?
    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
     
     
    .........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).
    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 (2011)
    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
    Carolyn Burton Director
    1     		500    
    8221 North Links Way
    Fox Point,WI53217
    Paul Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Frances Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Michael Burton Director
    1     		0    
    8221 North Links Way
    Fox Point,WI53217
    Trust Point Inc Investment
    1     		16,175    
    230 Front Street North
    La Crosse,WI54601
    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 (2011)
    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.)
    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
    2,799,574
    b
    Average of monthly cash balances.......................
    1b
    0
    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
    2,799,574
    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
    2,799,574
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    41,994
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,757,580
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    137,879
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    137,879
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    549
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    549
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    137,330
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    137,330
    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
    137,330
    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
    110,800
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    110,800
    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
    110,800
    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)
    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 7 137,330
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 99,385
    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: bullet$ 110,800
    a Applied to 2010, but not more than line 2a 99,385
    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..... 11,415
    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 ..........     		125,915
    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)
    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 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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).)
    FRANCES BURTON
    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
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Carolyn Burton
    8221 North Links Way
    Fox Point,WI53217
    (414) 247-1255
    bThe form in which applications should be submitted and information and materials they should include:
    Proposal letter not exceeding two pages. Write to above address for brochure outlining grant process.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Primarily organizations in Door County and Milwaukee, WI focusing on historic preservation, cultural activities and environmental issues.
    Form 990-PF (2011)
    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)
    aPaid during the year
    Door County Land Trust
    PO BOX 65
    Sturgeon Bay,WI54235     		NONE PUBLIC INVASIVES CONTROL DONATION 10,000
    Present Music
    Eric Lind Managing Director
    158 N BROADWAY
    Milwaukee,WI53202     		NONE PUBLIC CREATION PROJECT 5,000
    Milwaukee Chamber Theatre
    Kirsten Mulvey Managing Director
    158 N BROADWAY
    Milwaukee,WI53202     		NONE PUBLIC OUTREACH PROGRAMMING 5,000
    First Stage
    Katie Weeks Development Director
    325 W WALNUT STREET
    Milwaukee,WI53212     		NONE PUBLIC COMMUNITY PARTNERSHIP PROGRAM 10,000
    Old World Wisconsin
    Sarah Jean Dostal Fdn Manager
    123 E MAIN STREET
    Eagle,WI53119     		NONE PUBLIC PERRIN FUND 5,000
    Discovery Wolrd
    Joel Brennan President & CEO
    500 N HARBOR DRIVE
    Milwaukee,WI53202     		NONE PUBLIC DISCOVER'S FUND 5,000
    Rosalie Manor
    Deb Heffner Development Associate
    4803 WEST BURLEIGH STREET
    Milwaukee,WI53210     		NONE PUBLIC PARENTING PARTNERSHIP PROGRAM 5,000
    Growing Power
    Will Allen CEO
    5500 W SILVER SPRING DRIVE
    Milwaukee,WI53218     		NONE PUBLIC HUMANITARIAN 8,000
    Milwaukee Symphony Orchestra
    Maryellen Gleason President
    700 N WATER STREET - SUITE 700
    Milwaukee,WI53202     		NONE PUBLIC EDUCATION PROGRAMMING 5,000
    Door County String Academy
    Ellen Barlas Program Director
    PO BOX 245
    Sturgeon Bay,WI54235     		NONE PUBLIC TUITION ASSISTANCE 5,000
    889 Radio Milwaukee
    Francesca Kempfer Director of Dev
    5312 W VLIET STREET
    Milwaukee,WI53208     		NONE PUBLIC MAKE MILWAUKEE PROGRAM 5,000
    SL Wilson Center for the Arts
    Jonathan Winkle Executive Director
    19805 W CAPITOL DR
    Brookfield,WI53045     		NONE PUBLIC CHILDREN'S ARTS EDUCATION PROGRAMS 3,000
    Milwaukee Youth Symphony Orchestra
    Frances Richman Executive Director
    325 W WALNUT STREET
    Milwaukee,WI53212     		NONE PUBLIC MYSO COMMUNITY PARTNERSHIP PROGRAMS 10,000
    Neighborhood House
    Sarah Lafollette Grant Manager
    2819 W RICHARDSON PLACE
    Milwaukee,WI53208     		NONE PUBLIC YOUTH DEVELOPMENT 4,000
    River Revitalization Foundation
    Kimberly Gleffe
    1845 N FARWELL AVENUE - SUITE 100
    Milwaukee,WI53202     		NONE PUBLIC ENVIROMENTAL 10,000
    Community Clinic of Door County
    Laura Moeller Executive Director
    PO BOX 3
    Sturgeon Bay,WI54235     		NONE PUBLIC HEALTH 5,000
    Door County Library
    Rebecca Berger Library Director
    107 S FOURTH AVE
    Sturgeon Bay,WI54235     		NONE PUBLIC DIGITIZATION OF DOOR COUNTY ADVOCATE 10,000
    Total .................................bullet 3a 110,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    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 (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          
    4 Dividends and interest from securities....     14 70,988  
    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 -1,863  
    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)..   69,125  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1369,125
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    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
    2011
    Name of organization
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
     
    Employer identification number

    39-1857836
    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 on line H of its
    Form 990-EZ or on Part I, 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) (2011)

    Page 2
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
          		Employer identification number

    39-1857836
    Part I
    Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Paul Frances Burton    
    9962 South Dane Street
       
    Ephraim, WI   54211

    		$200,000




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 3
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
          		Employer identification number

    39-1857836
    Part II
    Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (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
     
    		$    
    (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
     
    		$    
    (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) (2011)

    Page 4
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
          		Employer identification number

    39-1857836
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total 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 $  
    Use duplicate copies of Part III if additional space is needed
    (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) (2011)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2011 AccountingFeesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 800     800

    TY 2011 OtherAssetsSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DREIHAUS ACTIVE INCOME FUND   50,000 44,175
    FEDERATED MORTGAGE INSTL   121,427 123,424
    FEDERATED ULTRASHORT BOND INST   104,383 104,258
    CALAMOS CONVERTIBLE FUND   90,989 88,530
    GOLDMAN SACHS HIGH YIELD FUND   100,667 91,260
    LOOMIS SAYLES GLOBAL BOND FUND   61,590 64,797
    PIMCO TOTAL RETURN INSTL   212,901 217,637
    PIMCO FOREIGN BOND INSTL   105,638 105,426
    PIMCO REAL RETURN FUND   85,664 92,972
    VANGUARD CONVERTIBLE SEC   66,102 53,741
    AGL RESOURCES INC   1,703 1,842
    AT&T INC   11,342 11,733
    ABAXIS INC   4,030 4,234
    ABERCROMBIE & FITCH CO CLASS A   2,083 1,368
    ALLERGAN INC   2,100 2,720
    ALLSCRIPTS HEALTHCARE SOLUTION   3,586 3,902
    ALLSTATE CORP   5,377 4,961
    ALTRIA GROUP INC   3,373 3,617
    AMERICA MOVIL S.A.B. DE C.V.   4,781 3,842
    AMERICAN EXPRESS CO   6,377 6,226
    AMERICAN TOWER CORP CLASS A   4,950 5,341
    AMERISOURCEBERGEN CORP   6,708 7,773
    AMGEN INC   3,238 3,660
    ANGIODYNAMICS INC   3,965 4,176
    ANIXTER INTERNATIONAL INC   4,475 4,652
    ANNALY CAPITAL MANAGEMENT INC   2,064 2,075
    APACHE CORP   10,891 9,692
    APPLE INC   8,926 11,745
    ASHLAND INC   3,213 3,601
    ASTRAZENECA GROUP PLC SPONS   4,332 4,074
    ATHENAHEALTH INC   3,434 3,733
    ATMOS ENERGY CORP   3,167 3,368
    AUTOLIV INC   6,368 4,279
    BAE SYSTEMS PLC ADR   3,674 3,208
    BASF SE SPONSORED ADR   6,181 5,177
    BMC SOFTWARE   3,566 2,163
    BAIDU COM INC ADR   4,368 4,076
    BANK NEW YORK MELLON CORP   6,420 4,340
    BAXTER INTERNATIONAL INC   8,458 7,966
    BAYER AG SPONSORED ADR   5,168 5,066
    BEACON ROOFING SUPPLY INC   7,303 7,566
    BEAM INC   6,788 7,531
    BECTON DICKINSON & CO   5,866 5,380
    BEMIS CO INC   3,896 3,580
    BERRY PETROLEUM CO CLASS A   2,902 3,278
    BEST BUY CO INC   7,165 3,786
    BIO RAD LABS INC CLASS A   2,152 2,209
    BIO-REFERENCE LABORATORIES INC   4,013 2,977
    BIOMED REALTY TRUST   2,353 2,423
    BLACKROCK INC   3,722 3,387
    BRADY CORP   2,000 2,052
    CBL & ASSOCIATES PROPERTIES   5,138 4,946
    CF INDUSTRIES HOLDINGS INC   2,402 2,900
    CME GROUP INC   6,603 5,604
    CMS ENERGY CORP   4,474 4,968
    CNOOC LTD SPONSORED ADR   5,859 4,716
    CVS/CAREMARK CORP   4,113 4,649
    CABOT MICROELECTRONICS CORP   4,144 4,583
    CANADIAN NATL RAILWAY CO   8,561 10,291
    CAPELLA EDUCATION CO   2,005 1,334
    CAPITAL ONE FINANCIAL CORP   7,761 6,047
    CARDINAL HEALTH INC   2,156 2,071
    CARPENTER TECHNOLOGY CORP   1,469 2,111
    CASS INFORMATION SYSTEMS INC   2,945 3,042
    CELGENE CORP   2,870 3,718
    CEPHEID INC   4,585 7,880
    CERNER CORP   3,349 3,675
    CHEESECAKE FACTORY INC   4,026 3,757
    CHEMED CORP   5,672 4,814
    CHEVRON CORP   16,196 20,642
    CHICAGO BRIDGE & IRON CO NV   4,611 5,783
    CHICOS FAS INC   3,003 2,774
    CHINA MOBILE LTD ADR   3,964 4,025
    CHINA PETROLEUM & CHEMICAL COR   4,058 4,622
    CISCO SYSTEMS INC   6,114 6,870
    COACH INC   6,075 6,226
    COCA COLA CO   10,574 11,475
    COLGATE-PALMOLIVE CO   6,485 7,391
    COLONIAL PROPERTIES TRUST   2,196 2,649
    COMMUNITY TRUST BANCORP INC   2,998 3,030
    COMPANHIA ENERGETICA DE MINAS   4,394 4,003
    COMPANHIA PARANAENSE DE ENERGI   5,286 4,490
    COMPANHIA DE BEDIDAS DAS AMERI   4,137 5,233
    CONAGRA FOODS INC   2,008 2,086
    CONCUR TECHNOLOGIES INC   1,984 1,981
    CONOCOPHILLIPS   8,971 10,420
    COSTAR GROUP INC   2,620 3,203
    COUSINS PROPERTIES INC   3,168 2,647
    COVANCE INC   2,558 2,560
    DBS GROUP HOLDINGS LTD ADR   6,320 5,117
    DEALERTRACK HOLDINGS INC   4,050 5,588
    DEERE & CO   6,081 5,956
    DELAWARE EMERGING MARKETS   68,920 65,621
    DEVON ENERGY CORP   7,211 6,696
    DIGI INTERNATIONAL INC   2,981 3,370
    DISCOVER FINANCIAL SERVICES   2,093 2,064
    DOMTAR CORP   4,950 5,197
    DOVER CORP   7,033 7,082
    DU PONT E I DE NEMOURS & CO   6,563 5,539
    EMC CORP   12,922 11,847
    EBAY INC   4,591 4,610
    EBIX INC   2,662 3,138
    ECHO GLOBAL LOGISTICS INC   2,002 2,164
    ELECTRO SCIENTIFIC INDUSTRIES   2,139 2,447
    EMERSON ELECTRIC CO   5,851 4,659
    ENERSIS SA   6,193 4,848
    ENERNOC INC   1,998 913
    DELHAIZE GROUP SPONSORED ADR   6,102 4,564
    EXPEDIA INC NEW   1,528 1,611
    EXXON MOBIL CORP   7,366 9,069
    FARO TECHNOLOGIES INC   2,014 3,404
    FASTENAL CO   4,281 7,065
    FINANCIAL ENGINES INC   1,958 1,898
    FIRST AMERICAN FINANCIAL CORP   4,032 3,180
    FIRSTENERGY CORP   3,722 3,633
    FOMENTO ECONOMICO MEXICANO   4,042 5,089
    FORRESTER RESEARCH INC   4,007 3,835
    FORTUNE BRANDS HOME & SECURITY   845 1,073
    FORWARD AIR CORP   2,613 3,077
    FOSTER LB CO   3,003 2,405
    FREEPORT MOCMORAN COPPER & GOL   10,573 7,910
    GAMCO INVESTORS INC   4,203 4,045
    GT ADVANCED TECHNOLOGIES INC   2,992 2,534
    GAYLORD ENTERTAINMENT CO   3,974 2,897
    GAZPROM OAO ADR   4,964 3,829
    GENERAL ELECTRIC CO   15,119 15,564
    GENESCO INC   2,377 3,828
    GENTEX CORP   4,329 6,036
    GOLDMAN SACHS GROUP INC   6,260 4,793
    GOODRICH CO   5,913 6,061
    GOODRICH PETROLEUM CORP   3,697 2,307
    GOOGLE INC CLASS A   8,761 9,689
    GRAND CANYON EDUCATION INC   2,388 2,011
    GROUP CGI INC CLASS A   4,247 4,826
    HALLIBURTON CO   3,011 2,968
    HEARTLAND EXPRESS INC   2,136 1,858
    HERSHA HOSPITALITY TRUST   1,984 1,566
    HESS CORP   5,193 4,714
    HITACHI LTD SPONSORED ADR   3,827 3,598
    HONEYWELL INTERNATIONAL INC   5,502 5,652
    HUMANA INC   8,795 13,492
    ICU MEDICAL INC   2,382 2,790
    IPC THE HOSPITALIST CO INC   2,632 3,703
    INNERWORKINGS INC   2,667 3,966
    INTEL CORP   8,370 9,555
    INT'L BUSINESS MACHINES CORP   8,593 11,033
    INTUITIVE SURGICAL INC   5,048 9,260
    ISHARES RUSSELL MID CAP ETF   186,466 182,668
    JPMORGAN CHASE & CO   11,343 9,975
    JOHNSON & JOHNSON CO   4,064 4,066
    JUNIPER NETWORKS INC   9,036 6,409
    KLA-TENCOR CORP   1,910 2,364
    KINGFISHER PLC ADR   2,837 2,696
    KOHLS CORP   5,457 4,935
    KOMATSU LTD SPONSORED ADR   6,319 5,658
    KRAFT FOODS INC   6,197 7,435
    LKQ CORP   5,195 7,099
    LVMH MOET HENNESSY L.V.   4,307 4,062
    LABORATORY CORP OF AMERICA   4,493 4,384
    LATTICE SEMICONDUCTOR CORP   2,604 3,326
    LINCOLN NATIONAL CORP   6,534 4,078
    MARATHON OIL CORP   3,170 3,893
    MATTEL INC   2,840 2,998
    MAXIMUS INC   2,808 3,846
    MC DONALDS CORP   9,884 12,943
    MEAD JOHNSON NUTRITION CO   6,015 5,773
    MEDNAX INC   4,390 5,257
    MERCK & CO INC NEW   3,205 3,732
    MICROSOFT CORP   13,709 13,006
    MILLER HERMAN INC   4,567 3,690
    MITSUI & CO LTD SPONSORED ADR   4,473 4,045
    MUELLER INDUSTRIES INC   3,054 3,535
    NACCO INDUSTRIES INC   2,602 2,498
    NATIONAL INSTRUMENTS CORP   5,386 6,150
    NATIONAL-OILWELL INC   10,619 9,791
    NATIONAL PENN BANCSHARES INC   2,013 2,102
    NEOGEN CORP   3,287 2,758
    NESTLE S A ADR   3,113 3,234
    NEWMONT MINING CORP   2,330 2,520
    NEXTERA ENERGY INC   7,530 8,828
    NIPPON TELEGRAPH & TELEPHONE   4,177 4,686
    NISSAN MOTOR CO LTD SPONSORED   4,191 3,957
    OCCIDENTAL PETROLEUM CORP   7,658 8,339
    OLD NATIONAL BANCORP   2,676 2,866
    ORACLE CORP   8,450 7,131
    PAN AMERICAN SILVER CORP   4,911 3,097
    PAPA JOHN'S INT'L INC   2,508 3,580
    PAREXEL INTERNATIONAL CORP   2,741 2,904
    PARKER HANNIFIN CORP   4,863 4,118
    PARTNER COMMUNICATIONS CO LTD   7,971 4,358
    PEGASYSTEMS NIC   4,261 3,175
    PFIZER INC   6,085 7,639
    PHILLIP MORRIS INTL INC   5,199 6,906
    PHOTRONICS INC   4,484 3,873
    PIEDMONT NATURAL GAS CO   2,995 3,398
    PINNACLE WEST CAPITAL CORP   3,044 3,565
    POLARIS INDUSTRIES INC   2,296 3,247
    POLYONE CORP   3,882 3,800
    POOL CORP   2,507 2,619
    PORTFOLIO RECOVERY ASSOCIATES   4,617 4,861
    POST PROPERTIES INC   2,169 2,929
    POWER INTEGRATIONS INC   2,979 2,520
    PRAXAIR INC   5,959 6,842
    T ROWE PRICE GROUP INC   8,135 7,347
    PROCTER & GAMBLE CO   7,815 8,205
    PROVIDENT FINANCIAL SERVICES   4,039 3,669
    PUBLIC SERVICE ENTERPRISE GRP   8,256 8,616
    QUALCOMM INC   8,099 8,916
    QUALITY SYSTEMS INC   2,056 2,441
    QUEST DIAGNOSTICS INC   2,483 2,671
    RAYTHEON CO   1,999 1,935
    REDWOD TRUST INC   1,996 1,425
    RELIANCE STEEL & ALUMINUM CO   4,106 3,798
    REYNOLDS AMERICAN INC   3,333 3,479
    RIO TINTO PLC SPONSORED ADR   5,082 3,718
    RITCHIE BROS AUCTIONEERS INC   6,068 6,072
    ROLLINS INC   5,950 7,144
    ROYAL DUTCH SHELL PLC SPONSOR   4,103 4,532
    ST JUDE MEDICAL INC   6,199 4,288
    SAN DISK CORP   5,253 5,019
    SCHLUMBERGER LTD   6,209 5,670
    SEMTECH CORP   4,974 5,336
    SHIRE PLC   4,221 4,779
    SIEMENS AG SPONSORED ADR   6,233 5,354
    SIMON PROPERTY GROUP   2,060 2,321
    SMUCKER JM CO   4,903 6,097
    SNAP-ON INC   3,328 2,936
    SOHU.COM INC   4,453 3,150
    STARBUCKS CORP   6,056 8,926
    STATOIL ASA SPONSORED ADR   4,373 5,122
    STRATASYS INC   2,764 2,494
    SWIFT ENERGY CO   3,728 3,091
    SYKES ENTERPRISES INC   3,362 2,678
    SYMANTEC CORP   2,042 1,675
    TJX COMPANIES INC   6,482 9,553
    TECHNE CORP   3,759 3,891
    TELEFONICA BRASIL SA SP ADR   4,566 5,676
    TELENOR ASA   4,605 4,931
    TERADATA CORP DEL   6,158 5,336
    TIM PARTICIPACOES   2,626 3,431
    TIME WARNER CABLE INC   4,982 5,149
    TRIPADVISOR INC   1,528 1,399
    US BANCORP DEL   5,016 5,572
    ULTIMATE SOFTWARE GROUP INC   5,689 8,661
    UNIFIRST CORP   2,609 3,007
    UNION PACIFIC CORP   2,016 2,119
    UNITED FINANCIAL BANCORP INC   2,513 2,687
    UNITED NATURAL FOODS INC   5,158 5,641
    UNITED PARCEL SERVICE   5,868 6,002
    UNITED TECHNOLOGIES CORP   18,322 17,322
    VALE SA-SP   5,894 4,290
    VALEO SA   4,183 2,910
    VANGUARD LARGE CAP ETF   35,017 36,959
    VERIZON COMMUNICATIONS INC   6,081 6,660
    VERINT SYSTEMS INC   4,084 3,470
    VOLKSWAGEN AG SPONSORED ADR   4,709 4,306
    WAL MART STORES INC   8,107 8,904
    WALGREEN CO   5,706 5,587
    WALTER INVESTMENT MGMT CORP   4,051 3,457
    WATSON PHARMACEUTICALS   5,522 6,577
    WEBSTER FINANCIAL CORP   2,039 2,488
    WEIS MARKETS INC   3,695 3,635
    WELLS FARGO & CO   11,953 11,300
    WERNER ENTERPRISES INC   3,160 3,639
    WESBANCO INC   2,429 2,414
    WISCONSIN ENERGY CORP   2,046 2,237
    YANZHOU COAL MINING LTD   4,221 3,245
    ALTERRA CAPITAL HOLDINGS INC   1,998 2,174
    ACCENTURE PLC   8,597 9,368
    HERBALIFE LTD   4,093 6,200
    MAIDEN HOLDINGS LTD   2,002 1,892
    SIGNET JEWELERS LIMITED   4,337 4,792
    WARNER CHILCOTT PLC   4,374 2,784
    ALLIED WORLD ASSURANCE HOLDING   4,260 4,468
    TRANSOCEAN LTD   6,090 3,493
    CHECK POINT SOFTWARE   9,108 9,352
    AERCAP HOLDINGS NV   5,558 4,493
    ASML HOLDING NV   3,612 3,636
    STEINER LEISURE LTD   3,600 4,130
    FLEXTRONICS INTERNATIONAL LTD   5,493 4,177
    FEDERATED TAX-FREE OBLIGATIONS   33,598 33,598


    TY 2011 OtherExpensesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT FILING FEE 10 10   0


    TY 2011 OtherIncreasesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Amount
    ACCRUED INCOME/LOSS ADJUSTMENT 723


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXTERNAL MANAGER FEES 7,959 7,959    


    TY 2011 TaxesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 831 831   0
    FEDERAL TAX PAYMENT - PRIOR YE 8,732 8,732   0
    FEDERAL ESTIMATES - PRINCIPAL 9,344 9,344   0
    FOREIGN TAXES ON QUALIFIED FOR 11 11   0