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 09-01-2011 , and ending 08-31-2012
G
Check all that apply:
Name of foundation
AUGUSTUS H KENNEDY MEM FUND TR 25276380
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES   Room/suite
City or town, state, and ZIP code
ST PAUL, MN551640713
A Employer identification number

41-1328800
B Telephone number (see page 10 of the instructions)

(612) 303-3259
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$5,731,937J 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) 295,047
2 Check bullet
3 Interest on savings and temporary cash investments 160 160  
4 Dividends and interest from securities...... 125,048 119,350  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 150,615
b Gross sales price for all assets on line 6a 429,898
7 Capital gain net income (from Part IV, line 2)... 150,615
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 61 61  
12 Total. Add lines 1 through 11........ 570,931 270,186  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 67,695 53,706   13,989
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 25,523 2,533   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 655 575   80
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,873 56,814 0 14,069
25 Contributions, gifts, grants paid........ 245,347 245,347
26 Total expenses and disbursements. Add lines 24 and 25 339,220 56,814 0 259,416
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 231,711
b Net investment income (if negative, enter -0-) 213,372
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 19,408 61,009 61,009
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 13,903 Click to see attachment13,903 18,769
b Investments—corporate stock (attach schedule)........ 3,341,387 Click to see attachment3,321,933 4,486,386
c Investments—corporate bonds (attach schedule)........ 911,096 Click to see attachment1,117,839 1,162,960
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment2,813 Click to see attachment2,813
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,285,795 4,517,497 5,731,937
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,284,487 2,579,534
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,001,308 1,937,963
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,285,795 4,517,497
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,285,795 4,517,497
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 4,285,795
2 Enter amount from Part I, line 27a..................... 2 231,711
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,517,506
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 9
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,517,497
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 29. WPP PLCSPONSORED A D R   2010-04-08 2011-09-02
b 500. ATT INC   1984-01-06 2011-10-14
c 1500. BEST BUY CO INC   2002-09-12 2011-10-14
d 2000. CISCO SYS INC   2004-05-12 2011-10-14
e 200. GOLDMAN SACHS GROUP INC   2007-02-28 2011-10-14
26. NOVO NORDISK AS A D R   2010-04-08 2011-10-14
118. ADMIRAL GROUP PLC ADR   2011-01-31 2011-11-07
79. ENCANA CORP   2010-04-08 2011-11-17
52. ENCANA CORP   2011-01-31 2011-11-17
145. MTN GROUP LTD A D R   2010-04-08 2012-02-09
34. DASSAULT SYSTEMES SA A D R   2010-04-08 2012-02-16
500. ATT INC   1984-01-06 2012-03-02
200. ABBOTT LABORATORIES   1987-09-02 2012-03-02
200. ANADARKO PETROLEUM CORP   2003-11-18 2012-03-02
200. CAMERON INTL CORP   2007-02-28 2012-03-02
300. EXXON MOBIL CORP   1977-09-24 2012-03-02
500. GENERAL ELECTRIC CO   2000-03-14 2012-03-02
300. JOHNSON JOHNSON   2000-03-14 2012-03-02
200. PROCTER & GAMBLE CO   1993-04-30 2012-03-02
500. TARGET CORPORATION   1990-10-31 2012-03-02
250. 3M CO   1977-09-24 2012-03-02
200. XCEL ENERGY INC   1979-02-05 2012-03-02
1755.882 NUVEEN LARGE CAP SELECT FD CL I   2010-06-01 2012-03-05
230.786 NUVEEN SMALL CAP GWTH OPP CL I   2010-06-01 2012-03-05
169. CHINA RES ENTERPRISE LTD A D R   2010-04-08 2012-04-03
94. CHINA RES ENTERPRISE LTD A D R   2010-04-08 2012-04-04
72. CHINA RES ENTERPRISE LTD A D R   2010-04-08 2012-04-05
96. WAL MART DE MEXICO SAB DE CV A D R   2010-04-08 2012-04-25
77. CARNIVAL CORP   2010-09-09 2012-05-10
99. WAL MART DE MEXICO SAB DE CV A D R   2010-04-08 2012-05-10
25000. BMO 6MO JPM RX 15.500% 5/16/12   2011-11-11 2012-05-16
25000. BMO 6MO RIO RX 15.000% 5/16/12   2011-11-11 2012-05-16
50. JUPITER TELECOM A D R   2010-04-08 2012-05-24
.5 AIR LIQUIDE S A A D R   2010-04-08 2012-07-03
.0028 DBS GROUP HLDGS LTD   2010-04-08 2012-07-16
51. ERSTE GROUP BANK AG A D R   2010-04-08 2012-07-17
149. ERSTE GROUP BANK AG A D R   2012-01-04 2012-07-18
293. ERSTE GROUP BANK AG A D R   2010-05-18 2012-07-18
128. CANON INC SPONS A D R   2010-04-08 2012-07-31
1. VARIOUS MINERAL INTEREST(S)   1994-10-03 2012-08-28
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,449   1,530 -81
b 14,575   1,892 12,683
c 38,163   24,550 13,613
d 34,859   42,940 -8,081
e 18,995   39,880 -20,885
2,589   2,057 532
2,200   3,279 -1,079
1,501   2,537 -1,036
988   1,674 -686
2,555   2,278 277
2,768   2,035 733
15,455   1,892 13,563
11,470   1,445 10,025
16,502   4,438 12,064
11,050   5,685 5,365
25,875   848 25,027
9,445   21,261 -11,816
19,419   11,043 8,376
13,314   2,698 10,616
28,324   2,003 26,321
21,810   1,328 20,482
5,276   1,241 4,035
23,002   20,822 2,180
5,620   4,799 821
1,136   1,284 -148
621   714 -93
490   547 -57
2,642   2,495 147
2,433   2,737 -304
2,539   2,573 -34
25,000   23,142 1,858
25,000   23,205 1,795
3,364   3,865 -501
12   10 2
       
457   1,104 -647
1,343   1,333 10
2,642   6,167 -3,525
4,274   5,951 -1,677
4,500   1 4,499
      219
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       -81
b       12,683
c       13,613
d       -8,081
e       -20,885
      532
      -1,079
      -1,036
      -686
      277
      733
      13,563
      10,025
      12,064
      5,365
      25,027
      -11,816
      8,376
      10,616
      26,321
      20,482
      4,035
      2,180
      821
      -148
      -93
      -57
      147
      -304
      -34
      1,858
      1,795
      -501
      2
       
      -647
      10
      -3,525
      -1,677
      4,499
       
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 2 150,615
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 257,753 5,499,414 0.046869
2009 256,417 5,051,720 0.050758
2008 203,341 4,297,162 0.04732
2007 294,590 6,004,216 0.049064
2006 307,461 6,254,856 0.049156
2 Total of line 1, column (d) ...................... 2 0.243167
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 0.048633
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 5,455,058
5 Multiply line 4 by line 3....................... 5 265,296
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,134
7 Add lines 5 and 6......................... 7 267,430
8 Enter qualifying distributions from Part XII, line 4.............. 8 259,416
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 4,267
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 4,267
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,267
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 12,696
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,696
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,429
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet1,067 Refunded Bullet 11 7,362
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMN
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NATIONAL ASSN Telephone no.bullet (612) 303-3259
    Located atbullet800 NICOLLETT MALL BC-MN-H16AMINNEAPOLISMN ZIP+4bullet554027020
    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 bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 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
    US BANK NATIONAL ASSOCATION CORP TRUSTEE
    8     		67,695    
    101 EAST FIFTH STREET
    ST PAUL,MN55101
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    5,229,904
    b
    Average of monthly cash balances.......................
    1b
    308,225
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,538,130
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,538,130
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    83,072
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,455,058
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    272,753
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    272,753
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    4,267
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,267
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    268,486
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    268,486
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    268,486
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    259,416
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    259,416
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    259,416
    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 7 268,486
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 512
    c From 2008....... 0
    d From 2009....... 10,257
    e From 2010....... 0
    fTotal of lines 3a through e......... 10,769
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 259,416
    a Applied to 2010, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2011 distributable amount..... 259,416
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 9,070 9,070
    (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 1,699
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		1,699
    10 Analysis of line 9:
    a Excess from 2007.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 1,699
    d Excess from 2010.... 0
    e Excess from 2011.... 0
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NOT APPLICABLE
    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.
    NOT APPLICABLE
    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 (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
    ARCHDIOCESE OF SAINT PAUL
    AND MINNEAPOLIS
    226 SUMMIT AVENUE
    SAINT PAUL,MN55102     		NONE N/A GENERAL 12,267
    REV OBLATE FATHERS INC
    ATTN ROBERT MOOSBRUGGER
    WASHINGTON,DC20017     		NONE N/A GENERAL 73,604
    DIOCESE OF MIAMI
    6301 BISCAYNE BOULEVARD
    MIAMI,FL33138     		NONE N/A GENERAL 24,535
    MAYO FOUNDATION
    200 SOUTHWEST FIRST ST
    ROCHESTER,MN55901     		NONE N/A GENERAL 73,604
    THE MINNESOTA FOUNDATION
    55 5TH ST E STE 600
    SAINT PAUL,MN551011718     		NONE N/A GENERAL 61,337
    Total .................................bullet 3a 245,347
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 160  
    4 Dividends and interest from securities....     14 125,048  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 150,615  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aNET SETTLEMENT FRO     14 61  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   275,884  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13275,884
    (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.)
    8 0
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2011
    Name of organization
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
     
    Employer identification number

    41-1328800
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 2
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
          		Employer identification number

    41-1328800
    Part I
    Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ROGER GEORGE KENNEDY ANNUITY TR
    U S BANK NATIONAL ASSOCIATION

         
    P O BOX 64713 TRUST TAX SERVICES
       
    ST PAUL, MN   551640713

    		$298,886




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

    Page 3
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
          		Employer identification number

    41-1328800
    Part II
    Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
    1
    		 VARIOUS STOCKS AND MUTUAL FUNDS COST 289,820.84   $293,659 2011-10-26
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 4
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
          		Employer identification number

    41-1328800
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    Use duplicate copies of Part III if additional space is needed
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN INFLATION PRO SEC 102,341 128,069
    NUVEEN HIGH INCOME BOND FD 188,842 184,431
    NUVEEN CORE PLUS BOND CL I 90,655 98,466
    NUVEEN TOTAL RETURN BOND    
    T ROWE PRICE INTL BD FD 50,000 49,801
    CREDIT SUISSE COMM RET ST CO 162,355 151,339
    DRIEHAUS ACTIVE INCOME FUND 147,000 136,034
    INV BALANCE RISK COMM STR Y 100,000 102,112
    NUVEEN STRATEGIC INCOME I 82,258 99,154
    NUVEEN ALL AMERICAN MUNI BD FD 80,306 86,209
    NUVEEN INTER DUR MUNI BOND I 64,082 70,885
    BARCLAYS BANK PLC ZERO CPN 50,000 56,460

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALCOA INC 83,060 17,120
    DOW CHEM CO 15,854 87,930
    EMERSON ELEC CO   101,440
    GENERAL ELEC CO 148,825 72,485
    TARGET CORP 6,010 96,135
    ABBOTT LABS 14,447 131,080
    BEST BUY CO    
    JOHNSON & JOHNSON 36,811 67,430
    PEPSICO 58,690 72,430
    EXXON MOBIL CORP 4,239 130,950
    3M CO 6,642 115,750
    AMERICAN EXPRESS CI 77,025 116,600
    XCEL ENERGY INC 17,503 80,881
    ANADARKO PETE CORP 28,850 90,051
    APACHE CORP 32,182 77,175
    CISCO SYSTEMS    
    PROCTER & GAMBLE 21,588 107,504
    NUVEEN INTERNATIONAL SELECT FD 252,622 232,746
    NUVEEN MID CAP GRWTH OP FD 231,500 260,528
    NUVEEN LARGE CAP GROWTH 19,053 24,164
    NUVEEN REAL ESTATE SEC FD 212,108 252,996
    NUVEEN SMALL CAP SELECT FD 229,663 246,121
    ECOLAB INC 42,278 64,030
    CAMERON INTL CORP 45,930 109,420
    GOLDMAN SACHS GROUP INC    
    AMERICA MOVIL S A DE C V A D R 44,098 56,759
    AT&T INC 14,809 146,560
    INTERNATIONAL BUSINESS MACHINE 41,250 97,425
    BOEING CO 22,088 21,420
    UNITED TECHNOLOGIES CORP 20,198 23,955
    ARM HLDGS PLC A D R 5,522 9,752
    ATLAS COPCO AB SPONS A D R 3,184 4,415
    BG GROUP P L C A D R 5,024 5,748
    BUNGE LIMITED 2,548 2,737
    CANON INC SPONS A D R    
    CHINA RES ENTERPRISE LTD A D R    
    COCHLEAR LTD UNSPON A D R 3,517 3,710
    CSL LIMITED A D R 2,566 4,217
    DASSAULT SYSTEMES SA A D R 5,626 9,174
    DBS GROUP HLDGS LTD 4,418 4,455
    ENCANA CORP    
    ERSTE GROUP BANK AG A D R    
    FANUC LTD 5,622 8,314
    FRESENIUS ME CARE AKTIENGESELL 6,224 7,536
    HOYA CORP A D R 7,228 6,265
    HSBC HOLDINGS PLC SPONS A D R 3,329 2,792
    I C I C I BANK LIMITED A D R 6,631 5,140
    IMPERIAL OIL LTD 4,376 4,842
    ITAU UNICANCO HOLDINGS SA ADR 5,139 4,664
    JUPITER TELECOM A D R    
    LI FUNG LTD A D R 10,698 7,722
    LONZA GROUP AG UNSPON A D R 4,552 2,788
    LOREAL CO UNSPONS A D R 5,141 6,015
    LVMH MOET HENNESSY LOU VUITT 2,498 3,521
    MTN GROUP LTD A D R 2,482 2,978
    NESTLE SA SPONS A D R 8,550 10,780
    NOVO NORDISK AS A D R    
    OAO GAZPROM SPON A D R 2,547 2,065
    PETROLEO BRASILEIRO SPON A D R 6,119 3,355
    QIAGEN NV 4,625 3,477
    ROCHE HLDG LTD A D R 6,212 7,053
    SAP AG A D R 8,240 10,637
    SASOL LTD SPONS A D R 2,571 2,556
    SCHLUMBERGER LTD 7,670 8,396
    SCHNEIDER ELECT SA UNSP ADR 5,976 5,772
    TAIWAN SEMICONDUCTOR ADR 3,734 4,763
    TESCO PLC A D R 4,509 3,625
    UNICHARM CORP A D R 5,320 7,585
    UNILEVER PLC SPSD ADR 2,648 3,157
    WAL MART DE MEXICO SAB DE CV    
    WPP PLC SPONS ADR 5,486 6,749
    AIR LIQUIDE SA ADR 8,792 10,195
    ALLIANZ SE A D R 6,448 5,706
    CANADIAN NATL RY CO 4,150 5,401
    JGC CORP UNSPONSORED A D R 2,751 3,356
    CARNIVAL CORP    
    SWATCH GROUP AG A D R 3,794 4,155
    NOVARTIS AG A D R 2,893 3,069
    SONOVA HOLDING UNSPON ADR 4,244 4,311
    ADMIRAL GROUP PLC ADR    
    ABERDEEN FDS EMRGN 485,000 474,595
    GOLDMAN SACHS M C VALUE CL 200,000 192,459
    HIGHLAND LONG SHORT EQUITY Z    
    TFS MARKET NEUTRAL FUND 200,000 198,318
    SCOUT INTERNATIONAL FUND 200,000 176,155
    TURKIYE GARANTI BANKASI AS ADR 7,081 5,573
    XINYL GLASS HOLDINGS LTS A D R 2,189 1,776
    SYSMEX CORP UNSPON A D R 2,949 3,573
    SVENSKA HANDELSBANKEN A UNSP A 2,523 2,705
    NOKIAN TYRES OYJ UNSPON A D R 4,640 4,155
    NUVEEN DIVIDEND VALUE FUND CLA 17,469 22,941
    NUVEEN GLOBAL INFRASTR FD CL I 40,000 43,452
    AIA GROUP LTD ADR 5,582 5,528
    ANHEUSER BUSCH INBEV NV ADR 5,203 5,977
    NUVEEN MID CAP VALUE FUND CL I 6,265 8,107
    NUVEEN SMALL CAP VALUE FUND CL 4,796 5,644
    PYXIS LONG SHORT EQUITY Z 200,000 205,305
    TEMPLETON INSTL EMERGING MKT S 7,309 6,090

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    13,903
    State & Local Government Securities - End of Year Fair Market Value:


    18,769


    TY 2011 InvestmentsOtherSchedule2
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINERAL PROPERTY      

    TY 2011 OtherAssetsSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUAL   2,813 2,813


    TY 2011 OtherDecreasesSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Description Amount
    ROUNDING 9


    TY 2011 OtherExpensesSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINERAL INTEREST EXPENSE 320 320   0
    FILING FEES 80 0   80
    ADR PAYING AGENT FEES 255 255   0


    TY 2011 OtherIncomeSchedule2
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NET SETTLEMENT-CLASS ACTION 61 61  


    TY 2011 TaxesSchedule
    Name:
    AUGUSTUS H KENNEDY MEM FUND TR 25276380
    EIN: 41-1328800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 669 669   0
    FEDERAL TAX PAYMENT - PRIOR YE 10,294 0   0
    FEDERAL TAX 12,696 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,838 1,838   0
    FOREIGN TAXES ON NONQUALIFIED 26 26   0