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
ZAUN MEMORIAL FOUNDATION LTD
 

Number and street (or P.O. box number if mail is not delivered to street address)1009 WASHINGTON STREET   Room/suite
City or town, state, and ZIP code
GRAFTON, WI53024
A Employer identification number

39-6097805
B Telephone number (see page 10 of the instructions)

(262) 375-0625
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$1,367,512J 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)  
2 Check bullet
3 Interest on savings and temporary cash investments 115 115  
4 Dividends and interest from securities...... 7,594 7,594  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 230,004
b Gross sales price for all assets on line 6a 1,452,699
7 Capital gain net income (from Part IV, line 2)... 230,004
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 237,713 237,713  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 68,234      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 26,234 26,234    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 44,296 21,426   23,264
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 138,764 47,660   23,264
25 Contributions, gifts, grants paid........ 48,750 48,750
26 Total expenses and disbursements. Add lines 24 and 25 187,514 47,660   72,014
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 50,199
b Net investment income (if negative, enter -0-) 190,053
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (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............... 42,534 50,000 50,000
2 Savings and temporary cash investments.......... 74,931 4,140 4,140
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 957,344 Click to see attachment1,655,829 1,155,981
c Investments—corporate bonds (attach schedule)........ 189,867    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment158,114 Click to see attachment157,391 Click to see attachment157,391
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,422,790 1,867,360 1,367,512
Liabilities 17 Accounts payable and accrued expenses..........   50,000
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)..........   50,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 1,422,790 1,817,360
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,422,790 1,817,360
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,422,790 1,867,360
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 1,422,790
2 Enter amount from Part I, line 27a..................... 2 50,199
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 344,371
4 Add lines 1, 2, and 3.......................... 4 1,817,360
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,817,360
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 AEGON NV P    
b ALLIANZ P    
c APPLE P    
d APPLE P    
e BADGER METER P    
BUCKEYE TECHNOLOGIES P    
CALL CF INDUSTRIES P    
CALL ELAN CORP P    
CALL LENNAR CORP P    
CALL PULTE CORP P    
CALL SUPERVALU P    
CALL ZHONGPIN P    
CARDIONET P    
CF INDUSTRIES P    
COSTCO WHOLESALE P    
CALL AGRIUM P    
CALL NATIONAL OILWELL P    
CALL TEUCRIUM COMMODITY P    
DIRESION P    
DOMINION RES P    
EI DU PONT DE NEMOURS P    
ELAN CORP P    
HALLIBURTON P    
HOSPIRA P    
KINDER MORGAN MGMT P    
MERCK P    
NEOGEN P    
PENGROWTH ENERGY P    
PIMCO TOTAL RETURN FUND P    
PUBLIC STORAGE P    
PUBLIC STORAGE INC 6.625 P    
PUBLIC STORAGE PR P    
SANTOS LIMITED P    
SUPERVALU P    
TELEPHONE AND DATA SYS P    
TEUCRIUM COMMODITY P    
THE DOW CHEMICAL P    
VIACOM P    
WISCONSIN ENERGY P    
ZHONGPIN 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 86,452   74,865 11,587
b 25,973   23,122 2,851
c 39,079   35,637 3,442
d 79,034   72,913 6,121
e 79,152   17,133 62,019
40,978   36,058 4,920
1,723   2,053 -330
7,215   24,355 -17,140
5,604   1,722 3,882
6,074   1,070 5,004
5,574   19,336 -13,762
3,807   368 3,439
44,729   97,278 -52,549
14,532   12,545 1,987
29,009   24,186 4,823
3,672     3,672
4,692     4,692
3,942     3,942
38,912   99,525 -60,613
22,393   14,294 8,099
40,262   24,397 15,865
57,893   34,297 23,596
47,383   9,250 38,133
21,010   10,806 10,204
75,170     75,170
18,704   19,867 -1,163
50,061   25,411 24,650
130,000   151,499 -21,499
58,950   60,545 -1,595
43,755   33,099 10,656
63,519   48,074 15,445
88,705   71,596 17,109
27,232   19,307 7,925
52,777   35,028 17,749
7,161   7,075 86
35,568   37,744 -2,176
25,420   25,000 420
15,599   15,000 599
35,028   20,855 14,173
15,956   17,385 -1,429
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       11,587
b       2,851
c       3,442
d       6,121
e       62,019
      4,920
      -330
      -17,140
      3,882
      5,004
      -13,762
      3,439
      -52,549
      1,987
      4,823
      3,672
      4,692
      3,942
      -60,613
      8,099
      15,865
      23,596
      38,133
      10,204
      75,170
      -1,163
      24,650
      -21,499
      -1,595
      10,656
      15,445
      17,109
      7,925
      17,749
      86
      -2,176
      420
      599
      14,173
      -1,429
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 2 230,004
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 60,132 1,734,289 000.034672
2009 73,929 1,500,626 000.049265
2008 66,232 1,566,362 000.042284
2007 142,992 1,748,631 000.081774
2006 118,479 1,754,798 000.067517
2 Total of line 1, column (d) ...................... 2 000.275512
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. . . 		3 000.055102
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,497,933
5 Multiply line 4 by line 3....................... 5 82,539
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,901
7 Add lines 5 and 6......................... 7 84,440
8 Enter qualifying distributions from Part XII, line 4.............. 8 72,014
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 3,801
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  
3 Add lines 1 and 2............................ 3 3,801
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,801
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 880
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 880 7 880
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 88
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,009
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
     
    No
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    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
     
     
    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
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRICHARD KRANITZ Telephone no.bullet (262) 375-0625
    Located atbullet1009 WASHINGTON STGRAFTONWI ZIP+4bullet53024
    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
     
    No
    .........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 bullet2006, 2007, 2009, 2010
    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
    RICHARD KRANITZ PRESIDENT
    002.00     		24,000    
    1009 WASHINGTON STREET
    GRAFTON,WI53024
    JOHN FITZGERALD VICE PRES
    002.00     		26,234    
    1009 WASHINGTON STREET
    GRAFTON,WI53024
    EDITH ZAUN SECRETARY/TREASURER
    002.00     		18,000    
    1009 WASHINGTON STREET
    GRAFTON,WI53024
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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 N/A 0
    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 N/A  
    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
    1,277,188
    b
    Average of monthly cash balances.......................
    1b
    85,803
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    157,753
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,520,744
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,520,744
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment...........................
    4
    22,811
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,497,933
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    74,897
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    74,897
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,801
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,801
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    71,096
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    71,096
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    71,096
    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 Click to see attachment..........
    1a
    72,014
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    72,014
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    72,014
    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 71,096
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007....... 54,813
    c From 2008.......  
    d From 2009....... 2,108
    e From 2010.......  
    fTotal of lines 3a through e......... 56,921
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 72,014
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 71,096
    e Remaining amount distributed out of corpus 918
    5 Excess distributions carryover applied to 2011.    
    (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 57,839
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		57,839
    10 Analysis of line 9:
    a Excess from 2007.... 54,813
    b Excess from 2008....  
    c Excess from 2009.... 2,108
    d Excess from 2010....  
    e Excess from 2011.... 918
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    EDITH ZAUN AND RICHARD KRANITZ
    1009 WASHINGTON ST
    GRAFTON,WI53024
    (262) 377-6851
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    RICHARD KRANITZ
    1009 WASHINGTON ST
    GRAFTON,WI53024
    (262) 377-6851
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    EXPERIMENTAL AVIATION ASSOCIATION
    3000 POBEREZNY AVE
    OSHKOSH,WI54902     		  501(c)(3) GENERAL SUPPORT 6,000
    ST PAUL LUTHERAN CHURCH
    701 WASHINGTON AVE
    GRAFTON,WI53024     		  RELIGIOUS GENERAL SUPPORT 400
    OZAUKEE CHORUS
    PO BOX 347
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 500
    CELEBRATE GRAFTON
    PO BOX 184
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 1,500
    GRAFTON AREA LIVE ARTS
    PO BOX 298
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 1,500
    BIG BROTHERS BIG SISTERS OF OZAUKEE
    885 BADGER CIRCLE
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 500
    CEDARBURG CULTURAL CENTER
    PO BOX 84
    CEDARBURG,WI53012     		  501(c)(3) GENERAL SUPPORT 1,000
    COLUMBIA ST MARY'S
    2320 NORTH LAKE DRIVE
    MILWAUKEE,WI53211     		  501(c)(3) GENERAL SUPPORT 1,000
    COPE SERVICES
    885 BADGER CIRCLE
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 500
    VILLAGE OF GRAFTON
    1971 WASHINGTON AVE
    GRAFTON,WI53024     		  GOVERNMENT HISTORIC PRESERVATION 500
    GRAFTON SOCCER CLUB
    PO BOX 353
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 500
    LIVING WORD HIGH SCHOOL
    2230LIVING WORD LANE
    JACKSON,WI53037     		  501(c)(3) GENERAL SUPPORT 200
    GRAFTON HIGH SCHOOL
    1900 WASHINGTON STREET
    GRAFTON,WI53024     		  SCHOOL SCHOLARSHIPS 4,000
    NORTHSHORE ACADEMY OF THE ARTS
    1111 BROAD STREET
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 1,000
    OZAUKEE FAMILY SERVICES
    885 BADGER CIRCLE
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 1,000
    PINVIEW WILDLIFE REHABILITATION CEN
    W4953 HIGHWAY H
    FREDONIA,WI53021     		  501(c)(3) GENERAL SUPPORT 1,000
    SPECIAL OLYMPICS
    2310 CROSSROADS
    MADISON,WI53718     		  501(c)(3) GENERAL SUPPORT 200
    VILLAGE OF GRAFTON
    1971 WASHINGTON AVE
    GRAFTON,WI53024     		  GOVERNMENT PARK PAVILLION 25,000
    GRAFTON GALDIATORS
    1833 E RIVER ROAD
    GRAFTON,WI53024     		  501(c)(3) GENERAL SUPPORT 200
    GRAFTON AREA CHAMBER OF COMMERCE
    1624 WISCONSIN AVE
    GRAFTON,WI53024     		  COMMUNITY EVENT CHRISTMAS PARADE 250
    WHEATLEY ENDEAVORS
    9310 N 107TH STREET
    MILWAUKEE,WI53224     		  501(c)(3) GENERAL SUPPORT 2,000
    Total .................................bullet 3a 48,750
    bApproved for future payment
    GRAFTON HIGH SCHOOL SCHOLARSHIP FUND
    1900 WASHINGTON AVE
    GRAFTON,WI53024     		  SCHOOL SCHOLARSHIPS 50,000
    Total .................................bullet 3b 50,000
    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
    aCONTRIBUTIONS          
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments   115 14    
    4 Dividends and interest from securities....   7,594 14    
    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   230,004 18    
    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).. 237,713    
    13Total. Add line 12, columns (b), (d), and (e)..................
    13237,713
    (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.)
    3,4 INVESTMENT INCOME ALLOWS THE FOUNDATION TO CONTINUE TO SUPPORT LOCAL COMMUNITY
    8,11 ACTIVITIES AND OTHER CHARITABLE ORGANIZATIONS
    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: 11000218
    Software Version: 2011.0.0
    Part VI Line 7 - Tax Paid Original Return: 880


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 GeneralExplanationAttachment
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Identifier Return Reference Explanation

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Name of Bond End of Year Book Value End of Year Fair Market Value

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1000 shares of HALLIBURTON CO 13,670 34,510
    2600 shares of FRONTLINE 39,638 11,154
    700 shares of NABORS INDUSTRIES 12,684 12,138
    1500 shares of WEATHERFORD 35,856 21,960
    1500 shares of FOSTER WHEELER 44,959 28,710
    2800 shares of GENDO SHIPPING 34,388 18,928
    3500 shares of AK ST. HLDG 45,910 28,910
    400 shares of AGRIUM 38,859 26,844
    1500 shares of ALPHA 54,097 30,645
    1900 shares of ARCH COAL 53,515 27,569
    300 shares of CF INDUSTRIES 39,688 40,245
    2800 shares of CENTURY ALUM 46,072 23,828
    1000 shares of CITIGROUP 29,974 26,310
    400 shares of CLIFFS NATURAL RESOURCES 28,407 24,940
    1100 shares of COER DALEN MINE 35,883 26,554
    3300 shares of DELTA AIR 35,976 26,695
    2400 shares of FORD MOTOR 35,335 25,824
    1200 shares of FREEPORT MCMORAN 60,821 44,148
    2400 shares of GOODYEAR TIRE 35,070 33,492
    4700 shares of HECLA 46,999 24,579
    2500 shares of JAMES RIVER 44,124 17,300
    3700 shares of KEYCORP 34,598 28,453
    1800 shares of LENNAR 35,681 35,370
    4800 shares of MANITOWOC 66,767 44,112
    3400 shares of MCMORAN EXP 55,923 48,590
    3300 shares of MICRON TECH 35,117 20,746
    900 shares of MOLYCORP 30,143 21,582
    500 shares of MOSAIC 42,310 25,215
    500 shares of NATIONAL OILWELL 39,809 33,995
    3700 shares of NEW GOLD INC 35,447 35,373
    3800 shares of NOVAGOLD 50,936 32,224
    2400 shares of NVIDIA 53,421 33,256
    6000 shares of PULTE 42,159 37,860
    1800 shares of SILVER STANDARD 44,379 24,876
    500 shares of SOHU 26,417 25,000
    2200 shares of STILLWATER 44,562 23,012
    2700 shares of USG 41,291 27,432
    4200 shares of US AIRWAY 35,403 21,234
    2000 shares of UNITED CONTL 45,842 37,740
    1000 shares of UNITED STATES STEEL 44,629 26,460
    300 shares of WALTER ENERGY 39,070 18,168

    TY 2011 OtherAssetsSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CERTIFICATE OF DEPOSIT 157,234 157,391 157,391
    PREPAID FEDERAL TAX 880    


    TY 2011 OtherExpensesSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 1,870     1,870
    SUPPLIES 394 394   394
    ADMINISTRATIVE 42,000 21,000   21,000
    BANK FEES 32 32    


    TY 2011 OtherIncreasesSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 344,371


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    ZAUN MEMORIAL FOUNDATION LTD
    EIN: 39-6097805
    Software ID:11000218
    Software Version:2011.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES SCOTTRADE 26,234 26,234