TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012

Name of foundation
DAHL FAMILY FOUNDATION 1035011887

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

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

A Employer identification number

20-0506791

B Telephone number (see instructions)

(608) 782-1148

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

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

$4,936,247J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	953,886
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	96,351		96,351
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		316,324
b	Gross sales price for all assets on line 6a 1,974,299
7	Capital gain net income (from Part IV, line 2)...			316,324
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,366,561		412,675
13	Compensation of officers, directors, trustees, etc.	22,941		22,941
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).......		875	0	0	875
c	Other professional fees (attach schedule)....		11,959	11,949		10
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		4,650	4,650		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).......		5			5
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	40,430		39,540	0	890
25	Contributions, gifts, grants paid........	348,842				348,842
26	Total expenses and disbursements. Add lines 24 and 25	389,272		39,540	0	349,732
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	977,289
b	Net investment income (if negative, enter -0-)			373,135
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		-7,410	-7,410
	2	Savings and temporary cash investments..........		158,251	158,251
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	4,038,935	4,475,474	4,785,406
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,038,935	4,626,315	4,936,247
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	4,038,935	4,626,315
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	4,038,935	4,626,315
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	4,038,935	4,626,315

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	4,038,935
2	Enter amount from Part I, line 27a.....................	2	977,289
3	Other increases not included in line 2 (itemize)	3	6,856
4	Add lines 1, 2, and 3..........................	4	5,023,080
5	Decreases not included in line 2 (itemize)	5	396,765
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,626,315

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.)
1 a	77. AGL RESOURCES INC		2011-12-12	2012-01-10
b	132. BEAM INC		2011-07-05	2012-01-10
c	140. BEMIS CO INC		2011-08-16	2012-01-10
d	312. BEST BUY CO INC		2011-08-16	2012-01-10
e	41. CME GROUP INC		2011-06-24	2012-01-10
	204. DBS GROUP HOLDINGS LTD ADR		2011-10-10	2012-01-10
	160. FORTUNE BRANDS HOME & SECURITY INC		2011-10-10	2012-01-10
	144. FOSTER LB CO		2011-08-16	2012-01-10
	51. GENESCO INC		2011-06-09	2012-01-10
	88. GOODRICH CO		2011-08-16	2012-01-10
	251. GUIDANCE SOFTWARE INC		2011-06-24	2012-01-10
	135. INTEGRA LIFESCIENCES HOLDINGS CORP		2011-07-27	2012-01-10
	107. ISHARES RUSSELL MID CAP ETF		2011-07-27	2012-01-10
	365. KOMATSU LTD SPONSORED ADR		2011-10-10	2012-01-10
	376. LANDEC CORP		2011-06-24	2012-01-10
	100. POLARIS INDUSTRIES INC		2011-06-09	2012-01-10
	82. PROTECTIVE LIFE CORP		2011-07-27	2012-01-10
	76. SIEMENS AG SPONSORED ADR		2011-10-10	2012-01-10
	126. VANGUARD LARGE CAP ETF		2011-06-24	2012-01-10
	151. FABRINET		2011-10-10	2012-01-10
	188. TRANSOCEAN LTD		2011-10-10	2012-01-10
	.215 WALTER INVESTMENT MGMT CORP		2011-11-15	2012-01-25
	3706.479 ALLIANZGI NFJ DIVIDEND VALUE I		2008-12-16	2012-02-14
	198.39 GOLDMAN SACHS SMALL VALUE I		2011-02-03	2012-02-14
	780.352 GOLDMAN SACHS SMALL VALUE I		2011-06-14	2012-02-14
	893.033 HARBOR CAPITAL APPRECIATION FUND		2011-06-14	2012-02-14
	3062.434 MORGAN STANLEY INST SMALL COMPANY GROWTH		2011-06-14	2012-02-14
	1406.47 GOLDMAN SACHS HIGH YIELD FUND		2012-02-14	2012-03-02
	6811.988 GOLDMAN SACHS HIGH YIELD FUND		2011-07-05	2012-03-02
	3244.611 GOLDMAN SACHS HIGH YIELD FUND		2011-02-03	2012-03-02
	4122.733 FEDERATED ULTRASHORT BOND INSTL		2011-07-05	2012-03-05
	7. APPLE INC		2011-06-09	2012-03-27
	39. ATHENAHEALTH INC		2011-10-10	2012-03-27
	109. BASF AG SPONSORED ADR		2011-10-10	2012-03-27
	1304. BANK OF AMERICA CORP		2012-01-10	2012-03-27
	170. BEACON ROOFING SUPPLY INC		2011-06-09	2012-03-27
	131. BIO-REFERENCE LABORATORIES INC		2011-06-09	2012-03-27
	82. CEPHEID INC		2011-06-09	2012-03-27
	131. COMPANHIA ENERGETICA DE MINAS GERAIS		2011-07-27	2012-03-27
	157. ENERNOC INC		2011-08-16	2012-03-27
	120. DELHAIZE GROUP SPONSORED ADR		2011-10-10	2012-03-27
	250. FASTENAL CO		2011-07-27	2012-03-27
	111. FOMENTO ECONOMICO MEXICANO ADR		2011-06-09	2012-03-27
	354. GOODRICH PETROLEUM CORP		2011-08-16	2012-03-27
	58. HUMANA INC		2011-06-09	2012-03-27
	257. NAPCO SECURITY TECHNOLOGIES INC		2011-10-10	2012-03-27
	293. NEWPARK RESOURCES INC		2012-01-10	2012-03-27
	719. PARTNER COMMUNICATIONS CO LTD ADR		2011-10-10	2012-03-27
	213. T ROWE PRICE GROUP INC		2011-10-10	2012-03-27
	283. ST JUDE MEDICAL INC		2011-10-10	2012-03-27
	115. SMUCKER JM CO		2011-06-24	2012-03-27
	134. SOHU.COM INC		2011-10-10	2012-03-27
	482. WARNER CHILCOTT PLC A		2011-10-10	2012-03-27
	131. AT&T INC		2011-06-24	2012-06-27
	48. ALLSCRIPTS HEALTHCARE SOLUTIONS INC		2011-08-16	2012-06-27
	295. ALLSCRIPTS HEALTHCARE SOLUTIONS INC		2011-06-09	2012-06-27
	5. ASHLAND INC		2011-08-16	2012-06-27
	125. ASHLAND INC		2011-06-09	2012-06-27
	162. ATMOS ENERGY CORP		2011-06-24	2012-06-27
	4. ATMOS ENERGY CORP		2011-08-16	2012-06-27
	261. CBL & ASSOCIATES PROPERTIES INC		2011-06-24	2012-06-27
	96. CERNER CORP		2011-06-24	2012-06-27
	203. COMPANHIA DE BEDIDAS DAS AMERICAS		2011-06-09	2012-06-27
	26. COMPANHIA DE BEDIDAS DAS AMERICAS		2011-07-27	2012-06-27
	147. DEVON ENERGY CORP		2011-06-09	2012-06-27
	38. DEVON ENERGY CORP		2011-10-10	2012-06-27
	37. ECHELON CORP		2011-07-27	2012-06-27
	485. ECHELON CORP		2011-06-24	2012-06-27
	643. GT ADVANCED TECHNOLOGIES INC		2011-06-24	2012-06-27
	182. GT ADVANCED TECHNOLOGIES INC		2011-10-10	2012-06-27
	7. INTUITIVE SURGICAL INC		2011-06-24	2012-06-27
	384. JUNIPER NETWORKS INC		2011-06-24	2012-06-27
	165. JUNIPER NETWORKS INC		2011-10-10	2012-06-27
	88. MEDTOX SCIENTIFIC INC		2011-06-24	2012-06-27
	23. MEDTOX SCIENTIFIC INC		2011-07-27	2012-06-27
	99. PAPA JOHN'S INT'L INC		2011-06-24	2012-06-27
	85.5 PHILLIPS 66		2011-06-09	2012-06-27
	17.5 PHILLIPS 66		2011-10-10	2012-06-27
	178. PHOTRONICS INC		2011-08-16	2012-06-27
	540. PHOTRONICS INC		2011-06-24	2012-06-27
	164. PIEDMONT NATURAL GAS CO		2011-06-24	2012-06-27
	182. POTASH CORP OF SASKATCHWAN INC		2012-03-27	2012-06-27
	623. PRECISION DRILLING CORP		2012-03-27	2012-06-27
	126. QUALITY SYSTEMS INC		2011-06-09	2012-06-27
	711. RF MICRO DEVICES INC		2012-03-27	2012-06-27
	317. REDWOOD TRUST INC		2011-08-16	2012-06-27
	268. STARBUCKS CORP		2011-06-09	2012-06-27
	103. TJX COMPANIES INC		2011-06-24	2012-06-27
	161. TELENOR ASA		2011-06-24	2012-06-27
	48. ULTIMATE SOFTWARE GROUP INC		2011-06-09	2012-06-27
	74. UNIFIRST CORP		2011-06-24	2012-06-27
	22. UNIFIRST CORP		2011-08-16	2012-06-27
	15. UNITED FINANCIAL BANCORP INC		2011-08-16	2012-06-27
	248. UNITED FINANCIAL BANCORP INC		2011-06-24	2012-06-27
	45. VALE SA-SP		2011-10-10	2012-06-27
	268. VALE SA-SP		2011-06-24	2012-06-27
	50. VANGUARD LARGE CAP ETF		2011-06-24	2012-06-27
	55. WAL MART STORES INC		2011-06-24	2012-06-27
	280. WALTER INVESTMENT MGMT CORP		2011-11-15	2012-06-27
	125. YANZHOU COAL MINING LTD		2011-10-10	2012-06-27
	227. YANZHOU COAL MINING LTD		2011-06-09	2012-06-27
	381. ANGIODYNAMICS INC		2011-07-27	2012-09-19
	61. BAIDU COM INC ADR		2011-10-10	2012-09-19
	9. BECTON DICKINSON & CO		2011-10-10	2012-09-19
	134. BECTON DICKINSON & CO		2011-07-27	2012-09-19
	52. BIO RAD LABS INC CLASS A		2011-07-27	2012-09-19
	72. BUNZL PLC		2012-01-10	2012-09-19
	30. CBL & ASSOCIATES PROPERTIES INC		2011-10-10	2012-09-19
	132. CBL & ASSOCIATES PROPERTIES INC		2011-06-24	2012-09-19
	72. CAPELLA EDUCATION CO		2011-08-16	2012-09-19
	43. CHEMED CORP		2011-06-09	2012-09-19
	630. CISCO SYSTEMS INC		2011-06-24	2012-09-19
	52. CONOCOPHILLIPS		2011-07-27	2012-09-19
	188. EMERSON ELECTRIC CO		2011-08-16	2012-09-19
	6. EMERSON ELECTRIC CO		2011-10-10	2012-09-19
	89. FREEPORT MCMORAN COPPER & GOLD CL B		2011-06-09	2012-09-19
	116. GAYLORD ENTERTAINMENT CO		2011-06-09	2012-09-19
	46. GENESCO INC		2011-06-09	2012-09-19
	184. HANCOCK JOHN FINANCIAL OPPORTUNITIES FUN		2011-08-16	2012-09-19
	15. HANCOCK JOHN FINANCIAL OPPORTUNITIES FUN		2011-10-10	2012-09-19
	79. HUMANA INC		2011-07-27	2012-09-19
	129. INTEL CORP		2011-06-09	2012-09-19
	27. ISHARES RUSSELL MID CAP ETF		2011-06-09	2012-09-19
	252. LVMH MOET HENNESSY LOUIS VUITTON		2011-10-10	2012-09-19
	97. MICROSOFT CORP		2011-06-24	2012-09-19
	27. NACCO INDUSTRIES INC		2011-07-27	2012-09-19
	206. PAN AMERICAN SILVER CORP		2012-06-27	2012-09-19
	266. PAN AMERICAN SILVER CORP		2011-06-24	2012-09-19
	98. PAREXEL INTERNATIONAL CORP		2011-06-09	2012-09-19
	177. POOL CORP		2011-08-16	2012-09-19
	63. PROCTER & GAMBLE CO		2011-06-24	2012-09-19
	300. RESOURCES CONNECTION INC		2011-08-16	2012-09-19
	79. SHIRE PLC		2011-06-24	2012-09-19
	105. SNAP-ON TOOLS CORP		2011-06-09	2012-09-19
	84. TORO CO		2012-03-27	2012-09-19
	45. VANGUARD LARGE CAP ETF		2011-06-24	2012-09-19
	313. WALGREEN CO		2011-10-10	2012-09-19
	1175.088 CALAMOS CONVERTIBLE FUND		2012-02-14	2012-09-24
	32.542 CALAMOS CONVERTIBLE FUND		2011-11-22	2012-09-24
	2791.807 CALAMOS CONVERTIBLE FUND		2011-07-05	2012-09-24
	197. QUEST SOFTWARE INC		2012-01-10	2012-09-28
	202. ASML HOLDING NV		2011-06-24	2012-11-28
	885. ABAXIS INC		2011-08-16	2012-12-13
	208. ALLSTATE CORP		2011-06-24	2012-12-13
	9. APPLE INC		2011-12-02	2012-12-13
	57. ARM HOLDINGS PLC SPONSORED ADR		2011-12-02	2012-12-13
	378. ARM HOLDINGS PLC SPONSORED ADR		2012-03-27	2012-12-13
	90. ATHENAHEALTH INC		2011-08-16	2012-12-13
	143. AUTOLIV INC		2011-08-16	2012-12-13
	94. BASF AG SPONSORED ADR		2009-01-14	2012-12-13
	99. BASF AG SPONSORED ADR		2011-09-29	2012-12-13
	283. BAYER AG SPONSORED ADR		2011-11-02	2012-12-13
	141. BERRY PETROLEUM CO CLASS A		2011-10-10	2012-12-13
	530. BIO-REFERENCE LABORATORIES INC		2011-11-02	2012-12-13
	342. CHINA SOUTHERN AIRLINES CO		2012-03-27	2012-12-13
	214. CISCO SYSTEMS INC		2011-10-10	2012-12-13
	698. CONCUR TECHNOLOGIES INC		2011-12-02	2012-12-13
	613. COUSINS PROPERTIES INC		2011-06-24	2012-12-13
	133. COVANCE INC		2011-10-10	2012-12-13
	249. DU PONT (E I) DE NEMOURS & CO		2011-10-10	2012-12-13
	295. EBAY INC		2011-12-02	2012-12-13
	1888. FIRST AMERICAN FINANCIAL CORP		2011-11-02	2012-12-13
	109. FOSTER LB CO		2011-10-10	2012-12-13
	126. HYSTER-YALE MATERIALS HANDLING INC CLASS		2010-03-25	2012-12-13
	685. HYSTER-YALE MATERIALS HANDLING INC CLASS		2011-12-02	2012-12-13
	571. ICU MEDICAL INC		2011-12-02	2012-12-13
	2614. INNERWORKINGS INC		2011-09-29	2012-12-13
	13. INTUITIVE SURGICAL INC		2010-12-16	2012-12-13
	113. INTUITIVE SURGICAL INC		2011-10-10	2012-12-13
	911. LATTICE SEMICONDUCTOR CORP		2011-08-16	2012-12-13
	280. MAXIMUS INC		2011-12-02	2012-12-13
	121. MC DONALDS CORP		2011-06-24	2012-12-13
	125. NACCO INDUSTRIES INC		2011-10-10	2012-12-13
	400. NISSAN MOTOR CO LTD SPONSORED ADR		2011-08-16	2012-12-13
	64. OCCIDENTAL PETROLEUM CORP		2011-06-09	2012-12-13
	711. PAREXEL INTERNATIONAL CORP		2011-09-29	2012-12-13
	240. PAREXEL INTERNATIONAL CORP		2010-02-02	2012-12-13
	145. PHILLIPS 66		2011-09-29	2012-12-13
	685. POLYONE CORP		2012-06-29	2012-12-13
	1069. POLYONE CORP		2011-08-01	2012-12-13
	265. PORTFOLIO RECOVERY ASSOCIATES		2011-12-02	2012-12-13
	247. REDWOOD TRUST INC		2011-11-02	2012-12-13
	124. RELIANCE STEEL & ALUMINUM CO		2011-09-29	2012-12-13
	585. RYMAN HOSPITALITY PPTYS INC		2011-12-02	2012-12-13
	548. SPS COMMERCE INC		2011-11-02	2012-12-13
	170. SWIFT ENERGY CO		2011-10-10	2012-12-13
	23. TJX COMPANIES INC		2010-07-02	2012-12-13
	819. TJX COMPANIES INC		2011-12-02	2012-12-13
	195. TERADATA CORP DEL		2011-10-10	2012-12-13
	305. TIM PARTICIPACOES S A		2011-10-10	2012-12-13
	1061. ULTIMATE SOFTWARE GROUP INC		2011-08-16	2012-12-13
	549. WALTER INVESTMENT MGMT CORP		2011-11-15	2012-12-13
	34. WATSON PHARMACEUTICALS		2011-10-10	2012-12-13
	280. SIGNET JEWELERS LIMITED		2011-08-31	2012-12-13
	90. CHECK POINT SOFTWARE		2011-08-16	2012-12-13
	890. STRATASYS LTD		2011-12-02	2012-12-13
	.332 KRAFT FOODS GROUP INC		2011-06-24	2012-12-14
	.528 ASML HOLDING NV		2012-11-28	2012-12-17
	81. ARM HOLDINGS PLC SPONSORED ADR		2012-06-29	2012-12-31
	32. BAYER AG SPONSORED ADR		2011-10-10	2012-12-31
	43. COUSINS PROPERTIES INC		2011-06-24	2012-12-31
	128. FIRST AMERICAN FINANCIAL CORP		2011-11-02	2012-12-31
	91. FREEPORT MCMORAN COPPER & GOLD CL B		2011-06-09	2012-12-31
	1. HYSTER-YALE MATERIALS HANDLING INC CLASS		2011-09-29	2012-12-31
	1. ICU MEDICAL INC		2011-11-02	2012-12-31
	44. INNERWORKINGS INC		2011-09-29	2012-12-31
	80. MEAD JOHNSON NUTRITION CO		2012-12-13	2012-12-31
	147. MEAD JOHNSON NUTRITION CO		2011-08-16	2012-12-31
	3. NACCO INDUSTRIES INC		2011-09-29	2012-12-31
	150. POLYONE CORP		2012-06-29	2012-12-31
	29. PORTFOLIO RECOVERY ASSOCIATES		2011-12-02	2012-12-31
	1. RELIANCE STEEL & ALUMINUM CO		2011-09-29	2012-12-31
	15. RYMAN HOSPITALITY PPTYS INC		2012-12-21	2012-12-31
	33. ULTIMATE SOFTWARE GROUP INC		2011-08-16	2012-12-31
	7. CHECK POINT SOFTWARE		2011-08-16	2012-12-31
	39. STRATASYS LTD		2011-11-02	2012-12-31
	503. BANCO LATINOAMERICANO DE EXP SA		2012-12-13	2012-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,175	3,009	166
b	6,757	6,406	351
c	4,273	4,466	-193
d	7,725	9,904	-2,179
e	9,341	11,438	-2,097
	7,552	9,180	-1,628
	2,877	2,233	644
	4,195	4,438	-243
	3,125	2,165	960
	10,907	7,660	3,247
	1,479	1,894	-415
	3,131	6,323	-3,192
	10,839	11,352	-513
	8,833	10,561	-1,728
	2,083	2,316	-233
	6,084	5,086	998
	1,985	1,805	180
	7,376	9,647	-2,271
	7,424	7,354	70
	2,378	3,051	-673
	7,522	11,105	-3,583
	4	6	-2
	45,367	36,472	8,895
	8,858	8,400	458
	34,843	33,149	1,694
	37,043	33,971	3,072
	42,782	42,997	-215
	10,113	10,000	113
	48,978	50,000	-1,022
	23,329	22,883	446
	37,805	38,012	-207
	4,304	2,326	1,978
	2,939	1,997	942
	9,743	9,693	50
	12,637	8,632	4,005
	4,585	3,414	1,171
	3,105	2,957	148
	3,567	2,549	1,018
	3,187	2,553	634
	1,205	2,112	-907
	6,417	9,531	-3,114
	13,675	8,371	5,304
	8,751	6,993	1,758
	6,671	6,363	308
	5,107	4,507	600
	789	737	52
	2,408	2,863	-455
	5,383	10,798	-5,415
	13,830	12,102	1,728
	12,647	12,951	-304
	9,247	8,770	477
	7,878	8,773	-895
	8,017	10,707	-2,690
	4,602	4,014	588
	476	807	-331
	2,923	5,753	-2,830
	344	272	72
	8,605	7,725	880
	5,529	5,247	282
	137	129	8
	4,779	4,636	143
	7,410	5,584	1,826
	7,396	6,496	900
	947	783	164
	8,220	11,759	-3,539
	2,125	2,313	-188
	118	329	-211
	1,552	4,393	-2,841
	3,170	9,759	-6,589
	897	1,776	-879
	3,811	2,445	1,366
	5,944	12,002	-6,058
	2,554	3,524	-970
	2,361	1,490	871
	617	349	268
	4,544	3,213	1,331
	2,707	2,929	-222
	554	581	-27
	1,041	1,025	16
	3,159	4,389	-1,230
	5,365	4,825	540
	7,828	8,135	-307
	3,881	6,360	-2,479
	3,052	5,128	-2,076
	2,858	3,583	-725
	3,909	4,600	-691
	14,054	9,578	4,476
	4,334	2,585	1,749
	7,736	7,515	221
	4,184	2,480	1,704
	4,652	3,799	853
	1,383	1,112	271
	211	226	-15
	3,481	3,841	-360
	851	1,169	-318
	5,071	8,245	-3,174
	3,027	2,918	109
	3,762	2,891	871
	6,477	6,812	-335
	1,894	2,989	-1,095
	3,439	8,830	-5,391
	4,667	5,534	-867
	6,952	7,613	-661
	714	673	41
	10,629	11,414	-785
	5,554	6,130	-576
	6,462	5,131	1,331
	667	364	303
	2,937	2,345	592
	2,542	2,969	-427
	3,054	2,829	225
	12,026	9,500	2,526
	2,983	2,847	136
	9,548	9,622	-74
	305	271	34
	3,679	4,345	-666
	4,712	3,306	1,406
	3,207	1,953	1,254
	3,283	2,897	386
	268	193	75
	5,522	6,115	-593
	3,000	2,815	185
	3,066	2,849	217
	8,205	7,590	615
	3,017	2,361	656
	3,057	2,467	590
	4,437	3,506	931
	5,730	7,956	-2,226
	2,984	2,297	687
	7,275	4,554	2,721
	4,367	3,955	412
	3,984	3,582	402
	7,180	7,100	80
	7,658	5,933	1,725
	3,364	3,008	356
	3,015	2,626	389
	11,155	10,567	588
	19,765	20,000	-235
	547	568	-21
	46,958	53,100	-6,142
	5,516	3,708	1,808
	9,509	7,112	2,397
	33,008	23,875	9,133
	8,468	6,201	2,267
	4,733	3,049	1,684
	2,049	1,600	449
	13,590	10,685	2,905
	6,756	4,849	1,907
	8,783	10,394	-1,611
	8,782	2,981	5,801
	9,249	6,359	2,890
	26,638	19,027	7,611
	4,587	6,556	-1,969
	15,502	10,369	5,133
	8,175	7,760	415
	4,190	3,657	533
	46,130	28,261	17,869
	4,846	5,030	-184
	7,656	7,343	313
	10,889	12,700	-1,811
	14,992	8,901	6,091
	44,255	23,733	20,522
	4,574	2,442	2,132
	5,588	3,554	2,034
	30,379	18,059	12,320
	34,039	23,225	10,814
	34,258	20,668	13,590
	6,944	3,420	3,524
	60,362	40,435	19,927
	3,444	5,722	-2,278
	17,679	11,362	6,317
	10,778	9,928	850
	6,931	3,713	3,218
	7,452	8,335	-883
	4,802	6,559	-1,757
	22,536	14,656	7,880
	7,607	4,698	2,909
	7,451	4,665	2,786
	13,426	9,327	4,099
	20,953	15,590	5,363
	25,873	20,477	5,396
	3,999	2,741	1,258
	7,182	5,936	1,246
	21,465	12,881	8,584
	20,163	10,707	9,456
	2,570	5,703	-3,133
	973	489	484
	34,651	23,931	10,720
	11,637	10,917	720
	5,279	8,592	-3,313
	97,165	55,171	41,994
	24,402	12,882	11,520
	2,988	2,296	692
	15,386	11,659	3,727
	4,158	5,107	-949
	62,180	26,813	35,367
	15	12	3
	33	24	9
	3,037	2,072	965
	3,031	1,847	1,184
	355	353	2
	3,049	1,480	1,569
	3,081	4,443	-1,362
	49	22	27
	60	39	21
	605	335	270
	5,217	5,261	-44
	9,586	10,387	-801
	180	63	117
	3,043	2,042	1,001
	3,029	1,856	1,173
	62	35	27
	571	555	16
	3,081	1,659	1,422
	332	397	-65
	3,125	1,090	2,035
	10,782	10,426	356
			56

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			166
b			351
c			-193
d			-2,179
e			-2,097
			-1,628
			644
			-243
			960
			3,247
			-415
			-3,192
			-513
			-1,728
			-233
			998
			180
			-2,271
			70
			-673
			-3,583
			-2
			8,895
			458
			1,694
			3,072
			-215
			113
			-1,022
			446
			-207
			1,978
			942
			50
			4,005
			1,171
			148
			1,018
			634
			-907
			-3,114
			5,304
			1,758
			308
			600
			52
			-455
			-5,415
			1,728
			-304
			477
			-895
			-2,690
			588
			-331
			-2,830
			72
			880
			282
			8
			143
			1,826
			900
			164
			-3,539
			-188
			-211
			-2,841
			-6,589
			-879
			1,366
			-6,058
			-970
			871
			268
			1,331
			-222
			-27
			16
			-1,230
			540
			-307
			-2,479
			-2,076
			-725
			-691
			4,476
			1,749
			221
			1,704
			853
			271
			-15
			-360
			-318
			-3,174
			109
			871
			-335
			-1,095
			-5,391
			-867
			-661
			41
			-785
			-576
			1,331
			303
			592
			-427
			225
			2,526
			136
			-74
			34
			-666
			1,406
			1,254
			386
			75
			-593
			185
			217
			615
			656
			590
			931
			-2,226
			687
			2,721
			412
			402
			80
			1,725
			356
			389
			588
			-235
			-21
			-6,142
			1,808
			2,397
			9,133
			2,267
			1,684
			449
			2,905
			1,907
			-1,611
			5,801
			2,890
			7,611
			-1,969
			5,133
			415
			533
			17,869
			-184
			313
			-1,811
			6,091
			20,522
			2,132
			2,034
			12,320
			10,814
			13,590
			3,524
			19,927
			-2,278
			6,317
			850
			3,218
			-883
			-1,757
			7,880
			2,909
			2,786
			4,099
			5,363
			5,396
			1,258
			1,246
			8,584
			9,456
			-3,133
			484
			10,720
			720
			-3,313
			41,994
			11,520
			692
			3,727
			-949
			35,367
			3
			9
			965
			1,184
			2
			1,569
			-1,362
			27
			21
			270
			-44
			-801
			117
			1,001
			1,173
			27
			16
			1,422
			-65
			2,035
			356

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	316,324
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 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	207,434	2,648,438	0.078323
2010	68,419	751,357	0.091061
2009	71,110	688,384	0.1033
2008	102,260	907,386	0.112697
2007	101,678	1,154,490	0.088072

2	Total of line 1, column (d) ......................	2	0.473453
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	0.094691
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	4,140,950
5	Multiply line 4 by line 3.......................	5	392,111
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,731
7	Add lines 5 and 6.........................	7	395,842
8	Enter qualifying distributions from Part XII, line 4..............	8	349,732
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)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	7,463
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	7,463
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	7,463
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	1,672
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	1,672
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	5,791
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

If “Yes,” complete Part XIV.............................

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

Yes

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

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

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

Yes

Website address bullet

The books are in care of bullet

Trust Point Inc Telephone no. bullet

(608) 782-1148

Located at bullet

230 FRONT STREET NORTHLA CROSSEWI ZIP+4 bullet

54601

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

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

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

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)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2012?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

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

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

a personal benefit contract?........................YesNo

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (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
Harry J Dahl	President 1	0
PO Box 788 La Crosse,WI546020788	President 1	0
Andrew J Dahl	Vice President 1	0
1511 Main Street La Crosse,WI54601	Vice President 1	0
Jansen C Dahl	Secretary 1	0
208 17th Place South La Crosse,WI54601	Secretary 1	0
Tyler J Dahl	Treasurer 1	0
128 South 17th Place La Crosse,WI54601	Treasurer 1	0
Trust Point Inc	Agent/Depository 1	22,941
230 Front Street North La Crosse,WI54601	Agent/Depository 1	22,941

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...................				0

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)

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


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.)

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

purposes:

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

4,204,010

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

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

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

4,204,010

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

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

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

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

4,204,010

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

instructions) .............................

63,060

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

4,140,950

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

207,048

Part XI

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

and do not complete this part.)

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

207,048

Tax on investment income for 2012 from Part VI, line 5......

7,463

Income tax for 2012. (This does not include the tax from Part VI.)...

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

7,463

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

199,585

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

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

199,585

Deduction from distributable amount (see instructions).................

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

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

199,585

Part XII

Qualifying Distributions (see instructions)

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

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

349,732

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

349,732

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

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

349,732

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)

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					199,585
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				0
b Total for prior years:2010, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	43,683
b From 2008.......	57,179
c From 2009.......	36,945
d From 2010.......	31,015
e From 2011.......	76,683
fTotal of lines 3a through e.........		245,505
4Qualifying distributions for 2012 from Part
XII, line 4: $ 349,732
a Applied to 2011, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2012 distributable amount.....					199,585
e Remaining amount distributed out of corpus		150,147
5 Excess distributions carryover applied to 2012.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		395,652
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 instructions ...........			0
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
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) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		43,683
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		351,969
10 Analysis of line 9:
a Excess from 2008....	57,179
b Excess from 2009....	36,945
c Excess from 2010....	31,015
d Excess from 2011....	76,683
e Excess from 2012....	150,147

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2012	(b) 2011	(c) 2010	(d) 2009	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see 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).)

ANDREW DAHL JANSEN DAHL AND TYLER

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

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

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

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)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Gundersen Lutheran Medical Fdn 1836 SOUTH AVENUE La Crosse,WI54601	NONE	PUBLIC	STEPPIN' OUT IN PINK	5,000
UW-L Foundation 615 EAST AVENUE NORTH La Crosse,WI54602	NONE	PUBLIC	ATHLETICS, FREEDOM FEST	65,300
Family & Children's Center 1707 MAIN STREET La Crosse,WI54601	NONE	PUBLIC	CAMPAIGN FOR BETTER	50,000
Viterbo University 900 VITERBO DR La Crosse,WI54601	NONE	PUBLIC	BROPHY CENTER RENOVATION	70,000
The WATDA Foundation 150 EAST GILMAN STREET SUITE A Madison,WI53705	NONE	PUBLIC	COMMUNITY	500
La Crosse Community Theatre 118 FIFTH AVENUE NORTH La Crosse,WI54602	NONE	PUBLIC	ARTS	100,000
La Crosse Area Family YMCA 1140 MAIN STREET La Crosse,WI54601	NONE	PUBLIC	FAMILY FUN CENTER, TRI,	18,860
Junior Achievement 505 DEWEY STREET SOUTH Eau Claire,WI54701	NONE	PUBLIC	12-13 CRD OPERATING SMALL	500
Gateway Area Council 2600 QUARRY RD La Crosse,WI54601	NONE	PUBLIC	BOY SCOUTS LAWN SOCIAL,	2,100
Hope Lives Foundation Boys & Girls Club of La Crosse 1331 CLINTON STREET La Crosse,WI54603	NONE	PUBLIC	BAND SPONSOR	1,500
United Fund for the Arts and Humanities 19 KING STREET La Crosse,WI54601	NONE	PUBLIC	UFAH CAMPAIGN	1,000
Logan Alumni Association S7464 ASPEN RIDGE ROAD DeSoto,WI54624	NONE	PUBLIC	RANGER RALLY BAND	1,500
Juvenile Diabetes Research Fdn 434 SOUTH YELLOWSTONE DR SUITE 202 Madison,WI53719	NONE	PUBLIC	WALK TO CURE DIABETES	500
La Crosse Symphony Orchestra 201 MAIN STREET SUITE 230 La Crosse,WI54601	NONE	PUBLIC	WINONA CONCERT	5,000
Winona ORC 1053 EAST MARK STREET Winona,MN55987	NONE	PUBLIC	WINONA LAUNDRY CAPITAL	8,000
Tri-Quest Charities PO BOX 171 La Crosse,WI54602	NONE	PUBLIC	2012 TRI-QUEST	500
Great Rivers United Way 1855 EAST MAIN STREET Onalaska,WI54650	NONE	PUBLIC	HUMANITARIAN	6,250
The Salvation Army 223 NORTH EIGHTH STREET La Crosse,WI54602	NONE	PUBLIC	CIVIC DINNER SPONSOR	2,000
Great River Shakespeare Festival 79 EAST THIRD STREET Winona,MN55987	NONE	PUBLIC	SETTING THE STAGE CAMPAIGN	2,500
Winona Community Foundation 51 EAST 4TH STREET SUITE 314 Winona,MN55987	NONE	PUBLIC	DAHL TOYOTA FUND	2,500
MN State College - SE Technical Fdn 1250 HOMER ROAD Winona,MN55987	NONE	PUBLIC	EDUCATION	5,000
Winona County Historical Society 160 JOHNSON STREET Winona,MN55987	NONE	PUBLIC	HISTORY NEVER STOPS	332
Total ................................. 3a				348,842

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	96,351
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	316,324
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				412,675

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

13412,675

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2012

Name of the organization

DAHL FAMILY FOUNDATION 1035011887

Employer identification number

20-0506791

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... 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) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 2

Name of organization DAHL FAMILY FOUNDATION 1035011887

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	Tyler Dahl 128 South 17th Place La Crosse, WI 54601	$249,339	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	Jansen Dahl 208 17th Place South La Crosse, WI 54601	$252,547	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	Andrew Dahl 1511 Main Street La Crosse, WI 54601	$252,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	Harry Dahl Dahl Automotive PO Box 788 La Crosse, WI 54602	$200,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 3

Name of organization DAHL FAMILY FOUNDATION 1035011887

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	Stock	$249,339	2012-12-21
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
2	Stock	$252,547	2012-12-21
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
3	Stock	$247,650	2012-12-21
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
4	Stock	$198,685	2012-12-21
(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) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 4

Name of organization
DAHL FAMILY FOUNDATION 1035011887

Employer identification number

20-0506791

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

(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

(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

(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

(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) (2012)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2012 AccountingFeesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	875			875

- TIN:

TY 2012 OtherAssetsSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CALAMOS CONVERTIBLE FUND	53,668	0	0
DREIHAUS ACTIVE INCOME FUND	110,000	120,000	123,255
FEDERATED ULTRASHORT BOND INST	38,012	0	0
FEDERATED MORTGAGE INSTL	21,309	46,309	46,348
GOLDMAN SACHS HIGH YIELD FUND	72,883	0	0
LOOMIS SAYLES GLOBAL BOND FUND	34,858	64,858	66,711
PIMCO TOTAL RETURN INSTL	135,448	194,350	197,798
PIMCO FOREIGN BOND INSTL	46,470	76,470	78,457
PIMCO REAL RETURN FUND	74,922	74,922	81,212
VANGUARD CONVERTIBLE SEC	30,216	30,216	30,188
AGL RESOURCES INC	3,046	37	38
AT&T INC	18,455	23,144	24,642
ABAXIS INC	5,814	6,665	10,945
ALLIANZ NFJ DIVIDEND VALUE INS	36,472	0	0
ALLSCRIPTS HEALTHCARE SOLUTION	6,559	0	0
ALLSTATE CORP	7,598	9,405	14,341
AMERICA MOVIL S.A.B. DE C.V.	8,199	10,915	10,482
AMERICAN EXPRESS CO	12,730	12,730	15,175
AMERICAN TOWER CORP CLASS A	8,454	8,454	11,745
AMERISOURCEBERGEN CORP	16,443	16,443	17,747
ANGIODYNAMICS INC	5,534	0	0
ANIXTER INTERNATIONAL INC	7,927	9,755	9,981
APACHE CORP	18,106	22,177	16,171
APPLE INC	9,303	14,152	22,883
ASHLAND INC	7,997	0	0
ASTRAZENECA GROUP PLC SPONS	8,001	10,898	10,447
ATHENAHEALTH INC	5,778	7,012	12,093
ATMOS ENERGY CORP	5,377	0	0
AUTOLIV INC	10,394	0	0
BAE SYSTEMS PLC ADR	8,533	8,533	9,551
BASF SE SPONSORED ADR	9,693	0	0
BAIDU COM INC ADR	7,613	0	0
BANK NEW YORK MELLON CORP	10,726	10,726	11,385
BAXTER INTERNATIONAL INC	15,292	15,292	17,398
BAYER AG SPONSORED ADR	9,752	6,338	10,520
BEACON ROOFING SUPPLY INC	12,436	9,023	15,875
BEAM INC	13,580	7,174	9,408
BECTON DICKINSON & CO	12,086	0	0
BEMIS CO INC	4,466	0	0
BERRY PETROLEUM CO CLASS A	6,556	0	0
BEST BUY CO INC	9,904	0	0
BIO RAD LABS INC CLASS A	6,130	0	0
BIO-REFERENCE LABORATORIES	6,955	7,584	12,339
BIOMED REALTY TRUST	5,344	7,003	7,113
BRADY CORP	3,401	6,153	6,546
CBL & ASSOCIATES PROPERTIES	7,345	0	0
CME GROUP INC	11,438	0	0
CNOOC LTD SPONSORED ADR	10,414	11,060	10,560
CABOT MICROELECTRONICS CORP	7,535	7,905	6,072
CANADIAN NATL RAILWAY CO	19,278	19,278	23,208
CAPELLA EDUCATION CO	2,969	0	0
CAPITAL ONE FINANCIAL CORP	10,252	10,252	12,165
CASS INFORMATION SYSTEMS INC	4,352	5,368	6,987
CEPHEID INC	11,406	8,858	9,650
CERNER CORP	5,584	0	0
CHEESECAKE FACTORY INC	8,031	8,795	9,715
CHEMED CORP	13,187	13,803	14,335
CHEVRON CORP	21,328	26,599	28,441
CHICAGO BRIDGE & IRON CO NV	8,615	8,615	11,402
CHICOS FAS INC	7,277	8,307	9,895
CHINA MOBILE LTD ADR	7,400	7,400	9,219
CHINA PETROLEUM & CHEMICAL COR	7,381	9,094	10,573
CISCO SYSTEMS INC	9,500	0	0
COACH INC	11,019	15,593	14,766
COCA COLA CO	10,368	13,414	14,464
COLGATE-PALMOLIVE CO	9,853	9,853	12,231
COLONIAL PROPERTIES TRUST	5,459	7,011	7,522
COLONY FINANCIAL INC	6,345	7,616	8,073
COMMUNITY TRUST BANCORP INC	4,643	4,643	5,671
COMPANHIA ENERGETICA DE MINAS	9,528	12,960	10,436
COMPANHIA PARANAENSE DE ENERGI	10,265	14,786	10,745
COMPANHIA DE BEDIDAS DAS AMERI	7,279	0	0
CONCUR TECHNOLOGIES INC	5,594	5,739	11,613
CONOCOPHILLIPS	14,645	11,432	12,294
CONSTANT CONTACT INC	2,985	2,985	1,776
COSTAR GROUP INC	4,381	7,550	10,099
COUSINS PROPERTIES INC	6,567	7,434	10,421
COVANCE INC	7,343	0	0
DBS GROUP HOLDINGS LTD ADR	9,180	0	0
DEALERTRACK HOLDINGS INC	5,364	7,851	9,937
DEERE & CO	12,574	12,574	13,741
DELAWARE EMERGING MARKETS	175,218	212,018	207,774
DEVON ENERGY CORP	14,071	0	0
DIGI INTERNATIONAL INC	6,295	6,853	5,521
DOMTAR CORP	9,483	12,007	11,108
DOVER CORP	14,237	14,237	15,113
DU PONT E I DE NEMOURS & CO	12,700	0	0
EMC CORP	19,802	28,325	29,044
EBAY INC	8,201	26,419	33,251
EBIX INC	6,348	6,348	5,046
ECHELON CORP	4,721	0	0
ECHO GLOBAL LOGISTICS INC	4,723	5,382	5,804
ELECTRO SCIENTIFIC INDUSTRIES	5,193	8,935	7,094
EMERSON ELECTRIC CO	9,893	0	0
ENERSIS SA	9,513	12,475	10,659
ENERNOC INC	2,112	0	0
DELHAIZE GROUP SPONSORED ADR	9,531	0	0
EXXON MOBIL CORP	11,453	11,453	12,290
FARO TECHNOLOGIES INC	5,236	5,479	4,960
FASTENAL CO	8,371	0	0
FINANCIAL ENGINES INC	4,063	6,108	6,574
FIRST AMERICAN FINANCIAL CORP	7,915	5,747	11,973
FOMENTO ECONOMICO MEXICANO ADR	6,993	0	0
FORRESTER RESEARCH INC	5,506	5,506	4,181
FORTUNE BRANDS HOME & SECURITY	2,233	0	0
FORWARD AIR CORP	4,322	4,707	5,111
FOSTER LB CO	4,438	0	0
FREEPORT MCMORAN COPPER & GOLD	20,461	23,688	18,571
GAMCO INVESTORS INC	5,188	7,984	9,128
GT ADVANCED TECHNOLOGIES INC	11,536	0	0
GAYLORD ENTERTAINMENT CO	6,440	0	0
GAZPROM OAO DR	10,356	13,614	10,678
GENERAL ELECTRIC CO	21,422	26,452	29,869
GENESCO INC	4,118	0	0
GENTEX CORP	7,443	8,377	6,352
GOLDMAN SACHS GROUP INC	11,209	11,920	11,736
GOLDMAN SACHS SMALL VALUE IS	41,549	0	0
GOODRICH CO	7,660	0	0
GOODRICH PETROLEUM CORP	6,363	0	0
GOOGLE INC CLASS A	9,560	9,560	14,148
GRAND CANYON EDUCATION INC	2,814	10,382	12,322
GROUP CGI INC CLASS A	9,122	10,255	10,432
GUIDANCE SOFTWARE INC	1,894	0	0
HALLIBURTON CO	5,392	11,439	11,413
HANCOCK JOHN BK & THRIFT OPPOR	3,089	0	0
HARBOR CAPITAL APPRECIATION FD	33,971	0	0
HEARTLAND EXPRESS INC	6,768	8,748	7,646
HESS CORP	9,031	18,889	16,576
PYXIS LONG/SHORT EQUITY FUND	155,000	155,000	161,057
HITACHI LTD SPONSORED ADR	8,597	10,496	10,667
HONEYWELL INTERNATIONAL INC	11,277	11,277	12,884
HUMANA INC	10,622	0	0
ICU MEDICAL INC	5,084	5,305	8,286
IPC THE HOSPITALIST CO INC	6,469	8,577	7,704
INNERWORKINGS INC	4,146	5,586	10,115
INTEGRA LIFESCIENCES HOLDINGS	6,323	0	0
INTEL CORP	14,678	11,863	11,135
INT'L BUSINESS MACHINES CORP	9,532	13,174	14,749
INTUITIVE SURGICAL INC	9,782	8,682	16,182
ISHARES RUSSELL MID CAP ETF	347,294	401,443	432,042
JPMORGAN CHASE & CO	15,469	18,603	20,270
JUNIPER NETWORKS INC	15,525	0	0
KINGFISHER PLC ADR	7,836	10,173	10,908
KOHLS CORP	7,921	10,278	9,112
KOMATSU LTD SPONSORED ADR	10,561	0	0
KRAFT FOODS INC	10,723	8,205	9,139
LKQ CORP	8,392	11,773	17,787
LVMH MOET HENNESSY LOUIS VUITT	7,590	0	0
LABORATORY CORP OF AMERICA HLD	9,850	11,600	10,828
LANDEC CORP	2,316	0	0
LATTICE SEMICONDUCTOR CORP	5,722	0	0
MAXIMUS INC	7,672	10,755	18,018
MC DONALDS CORP	9,928	0	0
MEAD JOHNSON NUTRITION CO	10,387	0	0
MEDTOX SCIENTIFIC INC	1,839	0	0
MEDNAX INC	9,737	9,737	11,133
MICROSOFT CORP	12,476	26,699	27,297
MILLER HERMAN INC	7,461	9,703	8,434
MITSUI & CO LTD SPONSORED ADR	8,372	11,723	10,980
MOBILE MINI INC	3,336	8,221	8,089
MORGAN STANLEY INSTL SMALL COM	42,997	0	0
MUELLER INDUSTRIES INC	4,185	4,185	5,904
NACCO INDUSTRIES INC	6,027	2,018	5,826
NAPCO SECURITY TECHNOLOGIES	737	0	0
NATIONAL INSTRUMENTS CORP	12,654	12,654	11,873
NATIONAL-OILWELL INC	12,475	15,610	15,447
NATIONAL PENN BANCSHARES INC	4,491	6,437	7,475
NEOGEN CORP	8,256	8,256	9,109
NEXTERA ENERGY INC	11,537	11,537	14,184
NIPPON TELEGRAPH & TELEPHONE	7,146	11,226	10,389
NISSAN MOTOR CO LTD SPONSORED	8,335	0	0
MUTUALHEDGE FRONTIER LEGENDS	155,000	165,000	150,638
OCCIDENTAL PETROLEUM CORP	13,472	16,985	14,249
OLD NATIONAL BANCORP	5,585	7,283	8,190
ORACLE CORP	9,992	9,992	10,729
PAN AMERICAN SILVER CORP	8,012	0	0
PAPA JOHN'S INT'L INC	6,499	3,287	6,152
PAREXEL INTERNATIONAL CORP	6,037	5,194	8,078
PARTNER COMMUNICATIONS CO	10,798	0	0
PEGASYSTEMS INC	6,794	6,794	3,674
PHILLIP MORRIS INTL INC	8,463	8,463	10,455
PHOTRONICS INC	5,414	0	0
PIEDMONT NATURAL GAS CO	4,825	0	0
PINNACLE WEST CAPITAL CORP	5,097	5,097	5,965
POLARIS INDUSTRIES INC	5,086	0	0
POLYONE CORP	8,273	7,053	10,578
POOL CORP	4,554	0	0
PORTFOLIO RECOVERY ASSOCIATES	9,431	8,683	13,678
PORTLAND GENERAL ELECTRIC CO	4,054	6,212	6,922
POWER INTEGRATIONS INC	6,778	7,144	6,756
PRAXAIR INC	10,600	14,264	15,323
T ROWE PRICE GROUP INC	12,102	0	0
PROCTER & GAMBLE CO	16,292	12,338	13,239
PROTECTIVE LIFE CORP	1,805	0	0
PROVIDENT FINANCIAL SERVICES	6,666	7,228	7,833
PUBLIC SERVICE ENTERPRISE GRP	12,673	12,673	12,148
QUALCOMM INC	11,706	11,706	12,867
QUALITY SYSTEMS INC	5,128	0	0
QUEST DIAGNOSTICS INC	6,307	7,539	7,575
REDWOOD TRUST INC	4,731	0	0
RELIANCE STEEL & ALUMINUM CO	5,901	5,352	9,501
RESOURCES CONNECTION INC	3,582	0	0
RIO TINTO PLC SPONSORED ADR	9,819	12,291	11,386
RITCHIE BROS AUCTIONEERS INC	11,285	11,893	9,818
ROLLINS INC	12,865	12,865	14,822
ROYAL DUTCH SHELL PLC SPONSOR	7,545	10,214	10,549
SPS COMMERCE INC	3,800	5,809	11,703
ST JUDE MEDICAL INC	12,951	0	0
SAN DISK CORP	8,718	8,718	9,353
SCHLUMBERGER LTD	13,390	16,959	15,176
SEMTECH CORP	10,539	10,539	11,783
SHIRE PLC	7,100	0	0
SIEMENS AG SPONSORED ADR	9,647	0	0
SMUCKER JM CO	8,770	0	0
SNAP-ON INC	5,933	0	0
SOHU.COM INC	8,773	0	0
STARBUCKS CORP	9,578	0	0
STATOIL ASA SPONSORED ADR	8,066	10,403	10,592
STRATASYS INC	4,090	3,173	11,221
SWIFT ENERGY CO	5,703	0	0
SYKES ENTERPRISES INC	7,445	9,143	7,640
TJX COMPANIES INC	9,486	9,017	17,999
TECHNE CORP	7,110	10,199	9,226
TELEFONICA BRASIL SA SP ADR	7,860	12,347	11,477
TELENOR ASA	7,515	0	0
TERADATA CORP DEL	10,917	0	0
TIM PARTICIPACOES	8,592	0	0
TIME WARNER CABLE INC	9,721	9,721	12,732
US BANCORP DEL	7,558	7,558	10,061
ULTIMATE SOFTWARE GROUP INC	11,880	10,806	20,298
UNIFIRST CORP	4,911	0	0
UNITED FINANCIAL BANCORP INC	4,068	0	0
UNITED NATURAL FOODS INC	9,052	9,052	12,219
UNITED PARCEL SERVICE	11,234	14,602	15,041
UNITED TECHNOLOGIES CORP	25,526	29,784	29,770
VALE SA-SP	9,413	0	0
VALEO SA	9,857	12,336	10,569
VANGUARD LARGE CAP ETF	286,537	343,537	378,319
VERINT SYSTEMS INC	6,643	6,864	6,254
VOLKSWAGEN AG SPONSORED ADR	9,619	9,619	12,230
WAL MART STORES INC	14,442	19,318	22,516
WALGREEN CO	10,567	0	0
WALTER INVESTMENT MGMT CORP	6,818	0	0
WATSON PHARMACEUTICALS	14,503	12,207	16,254
WEBSTER FINANCIAL CORP	4,670	5,364	5,549
WEIS MARKETS INC	5,787	7,927	7,952
WELLS FARGO & CO	18,067	22,227	27,105
WERNER ENTERPRISES INC	5,641	8,258	7,758
WESBANCO INC	4,265	5,424	6,266
YANZHOU COAL MINING LTD	11,819	0	0
ALTERRA CAPITAL HOLDINGS LTD	6,838	7,935	10,233
ACCENTURE PLC	10,479	10,479	12,502
FABRINET	3,051	0	0
HERBALIFE LTD	7,334	15,409	11,628
MAIDEN HOLDINGS LTD	4,545	6,374	6,387
SIGNET JEWELERS LIMITED	8,045	6,330	13,083
WARNER CHILCOTT PLC	10,707	0	0
ALLIED WORLD ASSURANCE HOLDING	8,036	8,036	10,717
TRANSOCEAN LTD	11,105	0	0
CHECK POINT SOFTWARE	17,633	15,276	13,530
AERCAP HOLDING NV	9,328	9,328	10,427
ASML HOLDING NV	7,112	7,088	9,980
STEINER LEISURE LTD	5,863	5,863	6,185
FLEXTRONICS INTERNATIONAL LTD	7,703	10,798	10,638
FEDERATED TAX-FREE OBLIGATIONS	50,691	0	0
CASH	875	0	0
ACXIOM CORP		7,651	7,316
AGILENT TECHNOLOGIES INC		23,790	24,892
INVESCO CONVERTIBLE SECURITIES		67,511	67,868
ALLERGAN INC		14,923	14,769
ALLIANZ SE ADR		10,513	10,681
ANHEUSER-BUSCH INBEV SA/NV SP		9,462	10,402
ARM HOLDINGS PLC SPONSORED ADR		7,803	12,408
ASSOCIATED BANC CORP		7,849	7,977
BB&T CORP		15,155	14,555
BT GROUP PLC ADR		10,540	10,534
BANK OF MONTREAL		10,216	10,421
BANK OF NOVA SCOTIA		10,209	10,418
BED BATH & BEYOND INC		17,036	14,425
BOOZ ALLEN HAMILTON HOLDNIG CO		6,499	6,055
BORG WARNER AUTOMOTIVE INC		10,875	11,388
CBS CORP NEW		10,630	11,035
CLECO CORP		3,043	3,321
CATO CORP		3,034	3,401
CITRIX SYSTEMS INC		11,996	12,337
COMCAST CORP CLASS A (NEW)		14,817	14,981
COMSTOCK RESOURCES INC		5,761	4,778
CUMMINS INC		14,889	15,277
CYTEC INDUSTRIES INC		4,627	5,713
DIAGEO PLC SPONSORED ADR		7,850	10,026
DOLLAR TREE INC		15,102	15,129
EMCOR GROUP INC		7,927	9,102
EXPRESS SCRIPTS HLDG CO		14,704	14,796
FRESH MARKET INC		6,627	6,636
GLOBAL CASH ACCESS HOLDINGS		5,528	5,896
GLIMCHER REALTY TRUST		5,065	5,589
GREENWAY MEDICAL TECHNOLOGIES		5,406	5,038
HSBC HOLDINGS PLC SPONSORED		8,855	9,871
HANOVER INSURANCE GROUP INC		6,256	6,547
HERSHA HOSPITALITY TRUST		7,913	8,135
HYSTER-YALE MATERIALS HANDLING		3,316	7,515
ICON PLC SPONSORED ADR		4,207	5,247
IVY HIGH INCOME		101,288	104,132
JDA SOFTWARE GROUP INC		7,425	7,455
JOHNSON & JOHNSON CO		13,870	14,230
KOPPERS HOLDINGS INC		5,534	6,295
KULICKE & SOFFA INDUSTRIES INC		5,470	5,795
LAUDER ESTEE COS INC CLASS A		12,693	12,271
LUMINEX CORP		4,117	3,242
MAXWELL TECHNOLOGIES INC		2,639	2,656
MONDELEZ INTERNATIONAL INC		7,016	7,890
MONSANTO CO		11,352	13,251
MOSAIC CO NEW		10,455	10,024
NETEASE.COM INC		12,825	11,611
NETSCOUT SYSTEMS INC		7,546	7,641
OIL CO LUKOIL SPONSORED ADR		7,309	7,530
PDC ENERGY INC		6,060	6,410
PERRIGO CO		14,916	15,084
PRECISION CASTPARTS CORP		12,637	14,964
PRUDENTIAL CORP PLC ADR		9,630	10,249
QLOGIC CORP		7,075	6,110
REX ENERGY CORP		6,657	7,278
REXAM PLC		9,574	10,312
ROPER INDUSTRIES INC		13,846	14,938
RUE21 INC		5,080	4,599
RYMAN HOSPITALITY PPTYS INC		0	0
SK TELECOM CO LTD SPONSORED		10,431	10,464
SANDY SPRING BANCORP INC		3,071	3,282
SCHOLASTIC CORP		5,744	6,030
SCIQUEST INC		5,622	6,011
SUN COMMUNITIES INC		7,218	7,100
TAIWAN SEMICONDUCTOR MFG SPON		8,101	10,245
TATA MOTORS LTD		10,343	11,373
THOR INDUSTRIES INC		6,314	7,785
3D SYSTEMS CORP		3,151	4,855
TRAVELERS COS INC		12,345	14,077
UNITED OVERSEAS BANK ADR		10,481	10,509
VF CORP		14,133	14,493
VECTREN CORP		6,733	6,674
WUXI PHARMATECH CAYMAN ADR		10,630	10,474
ENERGY XXI BERMUDA LTD		11,061	10,873
VALIDUS HOLDINGS LTD		10,495	10,547
COPA HOLDINGS SA CLASS A		10,512	10,840
AVAGO TECHNOLOGIES LTD		11,474	10,540
AGRIUM INC		8,023	9,088

- TIN:

TY 2012 OtherDecreasesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Description	Amount
DIFFERENCE IN FMV/BV ADJUSTMENT	396,765

- TIN:

TY 2012 OtherExpensesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	5	0		5

- TIN:

TY 2012 OtherIncreasesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Description	Amount
ACCRUED INCOME/LOSS ADJUSTMENT	6,856

- TIN:

TY 2012 OtherProfessionalFeesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CUSTODIAN & MANAGEMENT FEES (A	11,949	11,949
OTHER NON-ALLOCABLE EXPENSE -	10			10

- TIN:

TY 2012 TaxesSchedule

Name:

DAHL FAMILY FOUNDATION 1035011887

EIN: 20-0506791

Category	Amount	Net Investment Income
FOREIGN TAX PAID	1,190	1,190
FEDERAL TAX PAYMENT - PRIOR YE	1,507	1,507
FEDERAL ESTIMATES - PRINCIPAL	1,672	1,672
FOREIGN TAXES ON QUALIFIED FOR	281	281