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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
JENNY H & OTTO F KRAUSS CHARITABLE
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)900 STONECUTTER CT   Room/suite
City or town, state, and ZIP code
RALEIGH, NC27614
A Employer identification number

38-2837174
B Telephone number (see instructions)

(919) 848-1126
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,488,437J 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 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 314 314  
4 Dividends and interest from securities...... 218,126 218,126  
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 221,278
b Gross sales price for all assets on line 6a 1,447,681
7 Capital gain net income (from Part IV, line 2)... 7,672
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)....... Click to see attachment 10,000    
12 Total. Add lines 1 through 11........ 449,718 226,112  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,000 12,000   1,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,750 4,000   750
c Other professional fees (attach schedule).... Click to see attachment 54,955 54,955    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 6,471 4,974    
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 493 493    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 79,669 76,422   1,750
25 Contributions, gifts, grants paid........ 300,500 300,500
26 Total expenses and disbursements. Add lines 24 and 25 380,169 76,422   302,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 69,549
b Net investment income (if negative, enter -0-) 149,690
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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...............      
2 Savings and temporary cash investments.......... 144,843 198,916 198,916
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........... 12,310 813 813
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,652,091 Click to see attachment4,583,570 5,013,887
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)........... 1,048,443 Click to see attachment1,142,351 1,274,821
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,857,687 5,925,650 6,488,437
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......... 714,055 714,055
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,143,632 5,211,595
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,857,687 5,925,650
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,857,687 5,925,650
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 5,857,687
2 Enter amount from Part I, line 27a..................... 2 69,549
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,927,236
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,586
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,925,650
Form 990-PF (2012)
Form 990-PF (2012)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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 7,672
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 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))
2011 315,630 6,447,838 0.048951
2010 269,161 6,015,704 0.044743
2009 232,000 5,247,565 0.044211
2008 362,894 7,063,247 0.051378
2007 433,791 8,441,745 0.051386
2 Total of line 1, column (d) ...................... 2 0.240669
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 0.048134
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 6,057,680
5 Multiply line 4 by line 3....................... 5 291,580
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,497
7 Add lines 5 and 6......................... 7 293,077
8 Enter qualifying distributions from Part XII, line 4.............. 8 302,250
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 1,497
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 1,497
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 1,497
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 2,310
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,310
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 10 813
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet813 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
     
     
    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 instructions)
    bulletNC
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRABON AND DAILEY LLP CPAS Telephone no.bullet (919) 844-0565
    Located atbullet7610 SIX FORKS RD STE 200RALEIGHNC ZIP+4bullet27615
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    1c
     
     
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 2012.)....................
    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 2012?
    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 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 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 (2012)
    Form 990-PF (2012)
    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 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
    ALAN F KRAUSSClick to see attachment TRUSTEE
    7.00     		13,000 0 0
    900 STONECUTTER CT
    RALEIGH,NC27614
    FREDERICK G KRAUSSClick to see attachment TRUSTEE
    7.00     		0 0 356
    409 BURROWS AVE
    ROSCOMMON,MI48653
    VIRGINIA KRAUSSClick to see attachment TRUSTEE
    4.00     		0 0 0
    409 BURROWS AVE
    ROSCOMMON,MI48653
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    4,813,363
    b
    Average of monthly cash balances.......................
    1b
    279,379
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,057,187
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,149,929
    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
    6,149,929
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    92,249
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,057,680
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    302,884
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    302,884
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,497
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,497
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    301,387
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    301,387
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    301,387
    Part XII
    Qualifying Distributions (see 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
    302,250
    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
    302,250
    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 instructions).................
    5
    1,497
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    300,753
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 301,387
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008....... 8,748
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e......... 8,748
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 302,250
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 301,387
    e Remaining amount distributed out of corpus 863
    5 Excess distributions carryover applied to 2012.    
    (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 9,611
    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 instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		9,611
    10 Analysis of line 9:
    a Excess from 2008.... 8,748
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012.... 863
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    ARK
    3878 S MAPLE VALLEY RD
    ST HELEN,MI48656     		  501 C(3) GENERAL FUNDS 3,000
    ASSEMBLIES OF GOD
    1445 N BOONVILLE AVE
    SPRINGFIELD,MO658021894     		  501 C(3) GENERAL FUNDS 6,000
    CAMP WESTMINSTER
    17567 HUBBLE AVENUE
    DETROIT,MI48235     		  501 C(3) GENERAL FUNDS 31,000
    CRANBROOK SCHOOL
    PO BOX 801
    BLOOMFIELD,MI483039972     		  501 C(3) EDUCATIONAL NEEDS 10,000
    DEPAUW UNIVERSITY
    PO BOX 37
    GREENCASTLE,IN461350037     		  501 C(3) EDUCATIONAL NEEDS 10,000
    GEORGIA TECH
    177 NORTH AVENUE
    ATLANTA,GA303320220     		  501 C(3) EDUCATIONAL NEEDS 10,000
    GOOD SHEPARD MINISTRY
    PO BOX 11909
    SAN BERNADINO,CA92423     		  501 C(3) GENERAL FUNDS 25,000
    GOOD SHEPHERD UMC
    149 W ROBINSON LAKE RD
    ROSCOMMON,MI48653     		  501 C(3) GENERAL FUNDS 15,000
    INTERLOCHEN CENTER FOR THE ARTS
    PO BOX 199
    INTERLOCHEN,MI49643     		  501 C(3) EDUCATIONAL NEEDS 25,000
    INTERVARSITY CHRISTIAN
    PO BOX 7895
    MADISON,WI537919703     		  501 C(3) GENERAL FUNDS 7,500
    LAMPLIGHTERS MINISTRIES
    PO BOX 746
    PHARR,TX78577     		  501 C(3) GENERAL FUNDS 6,000
    MICHIGAN STATE UNIVERSITY
    MICHIGAN STATE UNIVERSITY
    EAST LANSING,MI488242320     		  501 C(3) EDUCATIONAL NEEDS 15,000
    NORTH RALEIGH PRES CHURCH
    11905 STRICKLAND ROAD
    RALEIGH,NC27613     		  501 C(3) GENERAL FUNDS 13,000
    NORTH RALEIGH UMC
    8501 HONEYCUTT ROAD
    RALEIGH,NC27615     		  501 C(3) GENERAL FUNDS 13,000
    NEW LIFE CAMP
    9927 FALLS OF NEUSE ROAD
    RALEIGH,NC27614     		  501 C(3) GENERAL FUNDS 8,000
    PULMNARY FIBROSIS FD
    811 EVERGREEN AVE STE 204
    CHICAGO,IL606222691     		  501 C(3) GENERAL FUNDS 12,500
    PURDUE UNIVERSITY
    403 WEST WOOD STREET
    WEST LAFAYETTE,IN479072007     		  501 C(3) EDUCATIONAL NEEDS 10,000
    ROSCOMMON AREA DISTRICT LIBRARY
    PO BOX 888
    ROSCOMMON,MI48653     		  501 C(3) GENERAL FUNDS 10,000
    ROSCOMMON HISTORIC MODEL TRAIN CLUB
    5966 BLAZED TRAIL
    ROSCOMMON,MI48653     		  501 C(3) GENERAL FUNDS 7,500
    TABERNACLE LEARNING CENTER FOR PRES
    8304 LEESVILLE ROAD
    RALEIGH,NC27613     		  501 C(3) GENERAL FUNDS 3,000
    UNIVERSITY OF MICHIGAN
    1221 BEAL AVE
    ANN ARBOR,MI481092102     		  501 C(3) EDUCATIONAL NEEDS 10,000
    WORLD COMPASSION TLM INC
    PO BOX 92
    TULSA,OK741379947     		  501 C(3) GENERAL FUNDS 25,000
    WORLD MISSIONS MINISTRY
    PO BOX 270420
    OKLAHOMA CITY,OK731379911     		  501 C(3) GENERAL FUNDS 25,000
    Total .................................bullet 3a 300,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 314  
    4 Dividends and interest from securities....     14 218,126  
    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     14 221,278  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL INCOME TAX REFUND     1 10,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   449,718  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13449,718
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    4 INTEREST, DIVIDENDS AND CAPITAL GAINS INCOME ARE USED FOR DISTRIBUTION TO CHARITABLE ORGANIZATIONS
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,750 4,000   750

    TY 2012 CompensationExplanation
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Person Name Explanation
    ALAN F KRAUSS  
    FREDERICK G KRAUSS  
    VIRGINIA KRAUSS  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ML30740   PURCHASE                
    8000 ALUMINUM CP 2005-07 PURCHASE 2012-10   82,947 113,208     -30,261  
    MOTORS LIQ CO GUC CASH IN LIEU 2012-07 PURCHASE 2012-07   3       3  
    ML16456   PURCHASE                
    .3060 THORNBURG INTL VAL FD 2012-06 PURCHASE 2012-08   8 8        
    .0030 MATHWS ASIS DIV INV 2012-06 PURCHASE 2012-08              
    276.896 FIRST EAG GLOBAL CL I 2011-12 PURCHASE 2012-08   13,255 12,228     1,027  
    .146 FIRST EAG OVERSEAS I 2011-12 PURCHASE 2012-08   3 3        
    .841 DELAWARE EM MKT INST 2011-12 PURCHASE 2012-08   11 11        
    492.409 THORNBURG INTL VAL FD I 2011-07 PURCHASE 2012-08   12,842 14,812     -1,970  
    32 FIRST EAG OVERSEAS I 2011-07 PURCHASE 2012-08   692 790     -98  
    399 DELAWARE EM MKT INST 2011-07 PURCHASE 2012-08   5,019 6,380     -1,361  
    447.557 MATHWS ASIS DIV INV 2011-07 PURCHASE 2012-08   6,145 6,507     -362  
    ML16454   PURCHASE                
    EATON CORP PLC-CASH/LIEU 2012-12 PURCHASE 2012-12   46 45     1  
    600 COOPER INDUSTRIES PLC 2008-04 PURCHASE 2012-12   47,620 24,900     22,720  
    ML16556   PURCHASE                
    155 ALLSTATE CORP DEL 2011-08 PURCHASE 2012-05   5,110 3,887     1,223  
    1542 AMER EAGLE OUTFITTERS 2011-09 PURCHASE 2012-02   22,758 17,178     5,580  
    107 ABERCROMBIE & FITCH CO 2012-06 PURCHASE 2012-12   4,884 3,419     1,465  
    67 AVERY DENNISON CORP 2012-02 PURCHASE 2012-12   2,228 1,931     297  
    5 AVNET INC 2012-10 PURCHASE 2012-12   148 140     8  
    732 BIG LOTS INC 2011-09 PURCHASE 2012-07   29,874 24,314     5,560  
    74 BOEING COMPANY 2011-08 PURCHASE 2012-01   5,495 4,839     656  
    556 EATON CORP 2012-09 PURCHASE 2012-12   28,860 23,665     5,195  
    37 EATON CORP PLC 2012-12 PURCHASE 2012-12   1,904 1,921     -17  
    236 GENERAL ELECTRIC 2011-08 PURCHASE 2012-07   4,811 3,656     1,155  
    565 HARTFORD FINL SVCS GROUP 2011-08 PURCHASE 2012-08   9,576 12,453     -2,877  
    563 HEALTH NET INC 2012-07 PURCHASE 2012-08   10,080 13,072     -2,992  
    252 JPMORGAN CHASE & CO 2011-09 PURCHASE 2012-07   8,557 9,079     -522  
    12 JOHNSON CONTROLS INC 2012-05 PURCHASE 2012-12   331 366     -35  
    153 LIFEPOINT HOSPS INC 2011-08 PURCHASE 2012-01   5,643 5,089     554  
    74 SPX CORP COM 2012-01 PURCHASE 2012-03   5,746 4,940     806  
    57 SAFEWAY INC NEW 2011-04 PURCHASE 2012-02   1,197 1,379     -182  
    37 SEALED AIR CORP NEW 2012-03 PURCHASE 2012-12   609 724     -115  
    468 WAL-MART STORES INC 2011-09 PURCHASE 2012-07   32,391 24,071     8,320  
    495 WHIRLPOOL CORP 2012-02 PURCHASE 2012-12   43,301 25,725     17,576  
    65 ALLSTATE CORP DEL COM 2011-04 PURCHASE 2012-05   2,143 2,210     -67  
    11 ASPEN INSURANCE HLDS LTD 2011-08 PURCHASE 2012-12   344 267     77  
    121 AMGEN INC COM PV 2011-04 PURCHASE 2012-12   10,688 6,344     4,344  
    229 COMMUNITY HEALTH SYS NEW 2011-08 PURCHASE 2012-12   6,500 6,890     -390  
    130 GENERAL ELECTRIC 2011-04 PURCHASE 2012-07   2,650 2,664     -14  
    227 HARTFORD FINL SVCS GROUP 2011-05 PURCHASE 2012-08   3,889 6,380     -2,491  
    229 KINDRED HEALTHCARE INC 2011-08 PURCHASE 2012-12   2,511 2,967     -456  
    50 PRUDENTIAL FINANCIAL INC 2011-08 PURCHASE 2012-11   2,706 2,409     297  
    144 PNC FINCL SVCS GRP 2011-08 PURCHASE 2012-11   8,166 8,045     121  
    250 PFIZER INC 2011-02 PURCHASE 2012-05   5,642 4,710     932  
    1408 SPIRIT AEROSYSTEMS HLDGS 2011-11 PURCHASE 2012-12   22,943 26,875     -3,932  
    825 ALLSTATE CORP DEL 2009-03 PURCHASE 2012-05   27,197 15,967     11,230  
    415 AMGEN INC COM PV 2008-04 PURCHASE 2012-11   34,280 18,065     16,215  
    280 ARCHER DANIELS MIDLD 2010-11 PURCHASE 2012-09   7,568 8,072     -504  
    360 BOEING COMPANY 2010-06 PURCHASE 2012-01   26,901 19,648     7,253  
    1335 GENERAL ELECTRIC 2008-10 PURCHASE 2012-07   27,212 42,160     -14,948  
    911 HEALTH NET INC 2008-10 PURCHASE 2012-08   20,592 25,558     -4,966  
    143 INTL PAPER CO 2010-11 PURCHASE 2012-12   5,080 3,570     1,510  
    657 JPMORGAN CHASE & CO 2010-10 PURCHASE 2012-07   22,310 28,124     -5,814  
    207 LIFEPOINT HOSPS INC COM 2010-03 PURCHASE 2012-01   7,634 7,123     511  
    43 METLIFE INC 2008-12 PURCHASE 2012-12   1,434 1,254     180  
    19 MACYS INC 2009-08 PURCHASE 2012-03   756 292     464  
    59 PATTERSON UTI ENERGY INC 2008-10 PURCHASE 2012-12   1,055 684     371  
    476 PRUDENTIAL FINANCIAL INC 2009-11 PURCHASE 2012-11   26,203 21,459     4,744  
    405 PNC FINCL SVCS GRP 2010-10 PURCHASE 2012-11   22,966 18,629     4,337  
    436 PFIZER INC 2008-04 PURCHASE 2012-05   9,839 9,008     831  
    765 SAFEWAY INC 2009-10 PURCHASE 2012-02   16,069 16,049     20  
    753 TEREX COPR DEL NEW COM 2010-06 PURCHASE 2012-12   19,006 16,585     2,421  
    286 VALERO ENERGY CORP NEW 2010-04 PURCHASE 2012-12   8,523 5,788     2,735  
    26 WELLS FARGO & CO NEW DEL 2008-10 PURCHASE 2012-12   847 886     -39  
    ML17221   PURCHASE                
    239 APPLE INC 2011-05 PURCHASE 2012-03   129,078 79,690     49,388  
    303 CME GROUP INC 2012-03 PURCHASE 2012-05   77,222 89,641     -12,419  
    658 ROCKWELL COLINS INC 2011-05 PURCHASE 2012-08   31,994 42,176     -10,182  
    238 AFFILIATED MANAGERS GRP 2008-04 PURCHASE 2012-12   30,527 22,045     8,482  
    609 ACCENTURE PLC SHS 2009-08 PURCHASE 2012-10   42,529 21,910     20,619  
    479 CH ROBINSON WORLDWIDE 2010-03 PURCHASE 2012-05   29,796 25,819     3,977  
    774 EMC CORP MASS 2008-08 PURCHASE 2012-12   19,185 11,716     7,469  
    864 EXPRESS SCRIPTS HLDG CO 2010-12 PURCHASE 2012-08   53,068 47,053     6,015  
    113 MASTERCARD INC 2010-03 PURCHASE 2012-12   47,002 24,558     22,444  
    1193 ROCKWELL COLLINS INC 2008-06 PURCHASE 2012-08   58,427 71,128     -12,701  
    415 SCRIPPS NETWORKS 2008-09 PURCHASE 2012-12   24,542 16,700     7,842  
    1885 SUNCOR ENERGY INC NEW 2009-04 PURCHASE 2012-09   62,159 45,977     16,182  
    1332 TERADATA CORP DEL 2010-01 PURCHASE 2012-05   88,732 38,568     50,164  
        PURCHASE                

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE SECURITIES 4,583,570 5,013,887

    TY 2012 InvestmentsOtherSchedule2
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS-LP AT COST 1,016,506 1,148,976
    OTHER INVESTMENTS-LP-TRANSFER AT COST 125,845 125,845

    TY 2012 OtherDecreasesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Description Amount
    RETURN OF CAPITAL 1,586


    TY 2012 OtherExpensesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OTHER TRANSACTIONS FEES-30740 66 66    
    OTHER TRANSACTIONS FEES-16454 71 71    
    OFFICE SUPPLIES 356 356    


    TY 2012 OtherIncomeSchedule2
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL INCOME TAX REFUND 10,000    


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ML BROKERAGE/MANAGEMENT FEES-307 125 125    
    ML BROKERAGE/MANAGEMENT FEES-164 12,519 12,519    
    ML BROKERAGE/MANAGEMENT FEES-164 4,919 4,919    
    ML BROKERAGE/MANAGEMENT FEES-165 11,982 11,982    
    ML BROKERAGE/MANAGEMENT FEES-172 25,410 25,410    


    TY 2012 TaxesSchedule
    Name:
    JENNY H & OTTO F KRAUSS CHARITABLE
    FOUNDATION
    EIN: 38-2837174
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES-30740 1,964 1,964    
    FOREIGN TAXES-16456 890 890    
    FOREIGN TAXES-16454 1,605 1,605    
    FOREIGN TAXES-16556 151 151    
    FOREIGN TAXES-17221 364 364    
    FEDERAL INCOME TAXES 1,497