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
JA WEDUM FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2615 UNIVERSITY AVENUE SE   Room/suite
City or town, state, and ZIP code
MINNEAPOLIS, MN55414
A Employer identification number

41-6025661
B Telephone number (see instructions)

(612) 789-3363
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$158,283,160J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 311,008
2 Check bullet
3 Interest on savings and temporary cash investments 77,753 77,753  
4 Dividends and interest from securities...... 170,492 170,492  
5a Gross rents.............. 62,388 62,388  
b Net rental income or (loss) 62,388
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -8,324,448
b Gross sales price for all assets on line 6a 30,335,667
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 59,523,327   59,523,327
12 Total. Add lines 1 through 11........ 51,820,520 310,633 59,523,327
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 198,458      
14 Other employee salaries and wages...... 106,857      
15 Pension plans, employee benefits....... 28,293      
16a Legal fees (attach schedule)......... Click to see attachment 3,435      
b Accounting fees (attach schedule)....... Click to see attachment 5,746      
c Other professional fees (attach schedule)....        
17 Interest............... 10,343,883   10,343,883  
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,321,496 9,764 4,311,732
20 Occupancy.............. 18,905,119      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 3,805,884   3,627,451  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 37,719,171 9,764 18,283,066 0
25 Contributions, gifts, grants paid........ 1,204,378 1,204,378
26 Total expenses and disbursements. Add lines 24 and 25 38,923,549 9,764 18,283,066 1,204,378
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,896,971
b Net investment income (if negative, enter -0-) 300,869
c Adjusted net income (if negative, enter -0-)... 41,240,261
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 6,820,646 6,877,470 6,877,470
3 Accounts receivable bullet2,129,138
Less: allowance for doubtful accounts bullet   2,050,207 2,129,138 2,129,138
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 319,002 344,019 344,019
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,518,782 Click to see attachment5,693,902 6,665,050
c Investments—corporate bonds (attach schedule)........ 632,369 Click to see attachment1,241,232 1,274,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 188,369 Click to see attachment359,108 359,108
14 Land, buildings, and equipment: basis bullet123,353,299
Less: accumulated depreciation (attach schedule) bullet32,412,983 131,152,412 Click to see attachment90,940,316 123,353,299
15 Other assets (describe bullet) Click to see attachment18,824,783 Click to see attachment17,280,079 Click to see attachment17,280,079
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 165,506,570 124,865,264 158,283,160
Liabilities 17 Accounts payable and accrued expenses.......... 1,508,136 461,591
18 Grants payable................... 505,000 10,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 166,451,894 Click to see attachment116,987,136
22 Other liabilities (describe bullet) Click to see attachment6,275,635 Click to see attachment3,673,179
23 Total liabilities (add lines 17 through 22).......... 174,740,665 121,131,906
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... -9,234,095 3,733,358
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... -9,234,095 3,733,358
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 165,506,570 124,865,264
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 -9,234,095
2 Enter amount from Part I, line 27a..................... 2 12,896,971
3 Other increases not included in line 2 (itemize) bullet 3 70,482
4 Add lines 1, 2, and 3.......................... 4 3,733,358
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,733,358
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 1,054,772 12,033,316 0.087654
2010 1,208,823 9,527,629 0.126876
2009 3,789,434 10,580,063 0.358167
2008 229,924 8,185,677 0.028089
2007 495,012 7,440,816 0.066527
2 Total of line 1, column (d) ...................... 2 0.667313
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 0.133463
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 14,606,317
5 Multiply line 4 by line 3....................... 5 1,949,403
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,009
7 Add lines 5 and 6......................... 7 1,952,412
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,204,378
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,017
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 6,017
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,017
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 4,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d 15,135
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,135
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 20
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 13,098
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet13,098 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see 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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WEDUMFOUNDATION.ORG
    14
    The books are in care ofbulletJAY PORTZ Telephone no.bullet (612) 789-3363
    Located atbullet2537 UNIVERSITY AVE SEMINNEAPOLISMN ZIP+4bullet55414
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    FRANK STARKEClick to see attachment CHAIRMAN
    1.00     		10,900 0 0
    10824 SHOREWOOD LANE
    BRANDON,MN56315
    DAVID KJOSClick to see attachment TREASURER
    1.00     		900 0 0
    2615 UNIVERSITY AVENUE SE
    MINNEAPOLIS,MN55414
    DAYTON SOBYClick to see attachment SECRETARY
    1.00     		900 0 0
    3545 DUNBAR KNOLL
    BROOKLYN PARK,MN55443
    GARY SLETTEClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    134 - 3RD AVENUE EAST
    TWIN FALLS,ID83301
    DALE VESLEDAHLClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    14821 JACOBS LANE
    MINNETONKA,MN55345
    DANA WEDUM KENNELLYClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    4721 SPRING CIRCLE
    MINNETONKA,MN55345
    DAWN DOWNSClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    22278 DIXIE RIVER ROAD
    CALDWELL,ID83607
    JOSEPH A RUSCHEClick to see attachment VICE CHAIR O
    1.00     		900 0 0
    3050 METRO PARKWAY SUITE 200
    MINNEAPOLIS,MN55425
    JAY PORTZClick to see attachment PRESIDENT
    40.00     		181,258 0 0
    2206 HERITAGE DRIVE
    ST CLOUD,MN55301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,396,150
    b
    Average of monthly cash balances.......................
    1b
    7,233,859
    c
    Fair market value of all other assets (see instructions)................
    1c
    198,739
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,828,748
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    14,828,748
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    222,431
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,606,317
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    730,316
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    730,316
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    6,017
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,017
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    724,299
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    724,299
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    724,299
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,204,378
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,204,378
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,204,378
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 724,299
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 131,924
    b From 2008.......  
    c From 2009....... 3,264,529
    d From 2010....... 735,946
    e From 2011....... 456,804
    fTotal of lines 3a through e......... 4,589,203
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,204,378
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 724,299
    e Remaining amount distributed out of corpus 480,079
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,069,282
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		131,924
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		4,937,358
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009.... 3,264,529
    c Excess from 2010.... 735,946
    d Excess from 2011.... 456,804
    e Excess from 2012.... 480,079
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    JAY PORTZ
    2615 UNIVERSITY AVENUE
    MINNEAPOLIS,MN55414
    (612) 789-3363
    bThe form in which applications should be submitted and information and materials they should include:
    RESUME OF ACADEMIC QUALIFICATIONS OR STANDARD GRANT APPL
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE IS GIVEN TO DONEE LOCATED IN ALEXANDRIA, MN AREA
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALEXANDRA AREA COMMUNITY FOUNDATION
    PO BOX 488
    ALEXANDRIA,MN56308     		    SOCIAL ASSISTANCE 5,000
    ALEXANDRIA AREA UNCOMPENSATED CARE
    525 WILLOW DRIVE
    ALEXANDRIA,MN56308     		    HEALTH 10,000
    ALEXANDRIA PUBLIC SCHOOL FOUNDATION
    PO BOX 308
    ALEXANDRIA,MN56308     		    EDUCATION 10,000
    ALEXANDRIA TECHNICAL COLLEGE
    1601 JEFFERSON STREET
    ALEXANDRIA,MN56308     		    EDUCATION 35,660
    ALZHEIMER'S ASSOCIATION
    1730 28TH STREET
    WEST DES MOINES,IA50325     		    HEALTH - IOWA CHAPTER 1,000
    AMERICAN CANCER SOCIETY
    PO BOX 96011
    OKLAHOMA CITY,OK73123     		    HEALTH 7,000
    ANGEL FOUNDATION
    708 SOUTH THIRD STREET
    MINNEAPOLIS,MN55415     		    SOCIAL SERVICES 5,000
    AQUABILITY INC
    PO BOX 610
    KETCHUM,ID83340     		    SOCIAL ASSISTANCE 3,000
    BELGRADE-BROOTEN-ELROSA HIGH SCHOOL
    710 WASHBURN AVENUE
    PO BOX 339
    BELGRADE,MN56312     		    EDUCATION 30,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE
    ST PAUL,MN55122     		    EDUCATION 1,400
    BRANDON DOLLARS FOR SCHOLARS
    206 3RD AVE WEST
    BRANDON,MN56315     		    EDUCATION 2,000
    BREAKING FREE
    PO BOX 4366
    ST PAUL,MN55104     		    EDUCATION 5,000
    BROOTEN FOUNDATION
    PO BOX 400
    BROOTEN,MN56316     		    SOCIAL ASSISTANCE 7,500
    CANINE SUPPORT TEAMS INC
    PO BOX 891767
    TEMECULA,CA92589     		    SOCIAL ASSISTANCE 1,000
    CENTRAL LAKES COLLEGE
    1830 AIRPORT ROAD
    STAPLES,MN56479     		    EDUCATION 830
    CENTRAL MN ELDER NETWORK
    420 12TH AVE E
    ALEXANDRIA,MN56308     		    ASSISTANCE OF THE AGING 10,000
    CLEARWATER FRIENDS OF THE LIBRARY
    822 CLEARWATER CENTER
    PO BOX 335
    CLEARWATER,MN55320     		    CULTURAL 1,000
    CLIVE FESTIVAL INC
    16330 BOSTON PARKWAY
    CLIVE,IA50325     		    SPONSOR-WALNUT RIDGE, CULTURAL 1,000
    COCHISE COWBOY POETRY GATHERING
    PO BOX 3201
    SIERRA VISTA,AZ85636     		    CULTURAL 2,500
    COLLEGE OF ST BENEDICT
    37 S COLLEGE AVENUE
    ST JOSEPH,MN56374     		    EDUCATION 3,100
    CONCORDIA COLLEGE
    901 - 8TH STREET S
    MOORHEAD,MN56562     		    EDUCATION 30,000
    DICKINSON STATE UNIVERSITY FOUNDATI
    230 8TH AVENUE WEST
    DICKINSON,ND58601     		    EDUCATION 105,000
    DISTRICT 742 LEAF
    PO BOX 1132
    ST CLOUD,MN56301     		    EDUCATION 4,500
    DODOMA TANZANIA HEALTH DEVELOPMENT
    8085 WAYZATA BLVD
    SUITE 203
    GOLDEN VALLEY,MN55426     		    HEALTH 1,000
    DOLLARS FOR SCHOLARS
    PO BOX 309
    ALEXANDRIA,MN56308     		    EDUCATION 30,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		    EDUCATION 24,750
    EVANGEL UNIVERSITY
    1111 N GLENSTONE
    SPRINGFIELD,MO65602     		    EDUCATION 1,200
    FERGUS AREA COLLEGE FOUNDATION INC
    1414 COLLEGE WAY
    FERGUS FALLS,MN565371000     		    EDUCATION 24,000
    FERGUS FALLS 544 EDUCATION FOUNDATI
    518 FRIBERG AVENUE
    FERGUS FALLS,MN56537     		    EDUCATION 3,000
    HONOR FLIGHT OF IDAHO
    PO BOX 191008
    BOISE,ID83716     		    SOCIAL SERVICES 3,000
    IDAHO FFA FOUNDATION INC
    3401 WEST PINE AVENUE
    MERIDIAN,ID83642     		    EDUCATION 6,000
    JERICHO ROAD MINISTRIES
    1628 EAST 33RD STREET
    MINNEAPOLIS,MN55407     		    SOCIAL ASSISTANCE 500
    KIDS COUNT TOO
    PO BOX 5533
    TWIN FALLS,ID83303     		    SOCIAL SERVICES 2,500
    KNUTE NELSON
    420 12TH AVENUE E
    ALEXANDRIA,MN56308     		    ASSISTANCE TO AGING 5,000
    LAKELAND HOSPICE FOUNDATION
    805 EAST CHANNING AVE
    FERGUS FALLS,MN56537     		    HEALTH 2,500
    LETS GO FISHING WITH SENIORS
    206 CENTRAL AVE
    BUFFALO,MN55313     		    SCIENCE 5,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		    EDUCATION 900
    LUTHERAN SOCIAL SERVICE OF MINNESOT
    2485 COMO AVENUE
    ST PAUL,MN55108     		    SOCIAL ASSISTANCE 2,500
    MINNESOTA STATE UNIVERSITY MOORHEAD
    1900 - 28TH AVENUE S
    MOORHEAD,MN56560     		    EDUCATION 3,000
    MN STATE COMM & TECH COLLEGE
    405 COLFAX AVENUE SW
    WADENA,MN56482     		    EDUCATION 720
    MUSTARD TREE COMM WELLNESS CENTER
    570 SHOUP AVENUE W
    TWIN FALLS,ID83301     		    HEALTH 9,500
    NICOLLET COMMUNITY FOUNDATION
    UNKNOWN
    NICOLLET,MN56074     		    SOCIAL ASSISTANCE 5,000
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVE
    FARGO,ND58102     		    EDUCATION 400
    PIONEER FOUNDATION
    1006 SOUTH SHERIDAN ST
    FERGUS FALLS,MN56537     		    ASSISTANCE OF THE AGING 10,500
    PREGNANCY RESOURCE CENTER
    305 5TH AVENUE SOUTH
    SUITE 170
    ST CLOUD,MN56303     		    HEALTH 625
    ROCHESTER SENIOR CENTER
    121 N BROADWAY
    ROCHESTER,MN55906     		    ASSISTANCE TO THE AGING 1,000
    SHAKOPEE DOLLARS FOR SCHOLARS
    PO BOX 734
    SHAKOPEE,MN55379     		    EDUCATION 3,000
    SHATTUCK ST MARY'S FOUNDATION
    1000 SHUMWAY AVENUE
    FARIBAULT,MN55021     		    EDUCATION 30,000
    SOUTH HAMILTON SCHOOL DISTRICT FOUN
    315 FOUNDATION STREET
    JEWELL,IA50130     		    EDUCATION 2,500
    SPRINGBROOK NATURE CENTER
    100 85TH AVENUE NW
    FRIDLEY,MN55432     		    SCIENCE 5,500
    ST CLOUD STATE UNIVERSITY
    720 4TH AVE S
    ST CLOUD,MN56301     		    EDUCATION 187,283
    SUSAN B KOLMEN 3 DAY
    PO BOX 660843
    DALLAS,TX75266     		    HEALTH 585
    TLC TOYS
    13964 HEATHER ST NW
    ANDOVER,MN55403     		    SOCIAL SERVICES 500
    UNIVERSITY OF IDAHO FOUNDATION
    PO BOX 442321
    MOSCOW,ID83684     		    EDUCATION 60,000
    UNIVERSITY OF MINNESOTA
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55401     		    EDUCATION 344,892
    UNIVERSITY OF MINNESOTA DULUTH
    1049 UNIVERSITY DRIVE
    DULUTH,MN55812     		    EDUCATION 2,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55455     		    EDUCATION 4,000
    UNIVERSITY OF WI-LACROSSE FOUNDATIO
    1725 STATE STREET
    LACROSSE,WI54601     		    EDUCATION 45,000
    VITERBO UNIVERSITY
    900 VITERBO DRIVE
    LACROSSE,WI54601     		    EDUCATION 800
    BENEVOLENCE DISCOUNTS
    PROPERTIES
    MINNEAPOLIS,MN55401     		    DISCOUNTS 94,233
    Total .................................bullet 3a 1,204,378
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aSHOREWOOD CAMPUS     16 5,985,590  
    bU VILLAGE     16 3,767,234  
    cSUNRISE     16 13,397,556  
    dKEELER     16 1,467,719  
    eWALNUT RIDGE     16 3,729,814  
    fBANFILL SR HOUSING     16 1,291,092  
    COBORN PLAZA     16 4,223,199  
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 77,753  
    4 Dividends and interest from securities....     14 170,492  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 62,388  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         -8,324,448
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCOBORN PLAZA MISC REVENUE     16 5,423  
    bSHOREWOOD CAMPUS MISC. REV.     16 187,705  
    cU VILLAGE MISC. REV.     16 77,210  
    dKEELER MISC. REV.     16 34,174  
    eSUNRISE MISC. REV.     16 3,214,861  
    fWALNUT RIDGE MISC. REV.     16 564,445  
    gMISCELLANEOUS INCOME     16 69,682  
    hBANFILL MISC REVENUE     16 25,344  
    iDEBT FORGIVENESS INCOME     16 21,482,279  
    12 Subtotal. Add columns (b), (d), and (e)..   59,833,960 -8,324,448
    13Total. Add line 12, columns (b), (d), and (e)..................
    1351,509,512
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 5,746      

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    TY 2012 AmortizationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
          1,296,382   152,004   152,004 1,448,386

    TY 2012 CompensationExplanation
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Person Name Explanation
    FRANK STARKE  
    DAVID KJOS  
    DAYTON SOBY  
    GARY SLETTE  
    DALE VESLEDAHL  
    DANA WEDUM KENNELLY  
    DAWN DOWNS  
    JOSEPH A RUSCHE  
    JAY PORTZ  

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    TY 2012 DepreciationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    WEDUM   115,101 102,464     9,764 9,764    
    SHOREWOOD CAMPUS   22,717,642 10,772,219     661,416   661,416  
    U VILLAGE   22,627,459 7,824,891     625,610   625,610  
    KEELER   9,204,882 2,177,817     225,895   225,895  
    SUNRISE   14,295,067 2,677,148     982,845   982,845  
    BANFILL   9,331,603 1,301,690     338,346   338,346  
    WALNUT RIDGE   38,496,147 3,441,425     648,696   648,696  
    TRANSPORTATION   198,382 24,560            
    COBORN PLAZA   29,218,349 1,125,682     828,924   828,924  

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    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF WALNUT RIDGE 2001-01 PURCHASE 2012-09   28,500,000 40,572,023   428,849 -8,410,752 4,090,120
    ASSOCIATED TRUST COMPANY 2012-01 PURCHASE 2012-12   519,318 553,525     -34,207  
    ASSOCIATED TRUST COMPANY 2011-01 PURCHASE 2012-12   149,704 137,750     11,954  
    ASSOCIATED TRUST COMPANY 2012-01 PURCHASE 2012-12   308,865 340,521     -31,656  
    ASSOCIATED TRUST COMPANY 2011-01 PURCHASE 2012-12   857,780 717,567     140,213  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS 1,241,232 1,274,997

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 5,693,902 6,665,050

    TY 2012 InvestmentsOtherSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NOTE-PINE SHORE/INTERLACHEN AT COST 136,917 136,917
    NOTE RECEIVABLE AT COST 72,191 72,191
    INVESTMENT IN RELATED PARTY AT COST 150,000 150,000

    TY 2012 LandEtcSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WEDUM - DEPR. ASSETS 200,755 148,477 52,278 200,755
    SHOREWOOD - DEPR. ASSETS 22,826,700 11,393,039 11,433,661 22,826,700
    U VILLAGE - DEPR. ASSETS 23,418,361 8,450,501 14,967,860 23,418,361
    KEELER - DEPR. ASSETS 9,368,869 2,280,212 7,088,657 9,368,869
    SUNRISE - DEPR. ASSETS 17,366,154 6,546,112 10,820,042 17,366,154
    WALNUT RIDGE - DEPR. ASSETS        
    BANFILL SR HOUSING - DEPR. ASSETS 9,459,265 1,640,036 7,819,229 9,459,265
    COBORN PLAZA 29,239,348 1,954,606 27,284,742 29,239,348
    SHOREWOOD - LAND 3,192,718   3,192,718 3,192,718
    U VILLAGE - LAND 2,226,421   2,226,421 2,226,421
    KEELER - LAND 10,350   10,350 10,350
    SUNRISE - LAND 1,268,587   1,268,587 1,268,587
    WALNUT RIDGE - LAND        
    BANFILL SR HOUSING - LAND 600,000   600,000 600,000
    ST. CLOUD - LAND/COBORN PLAZA 3,917,139   3,917,139 3,917,139
    WEDUM FOUNDATION - LAND 258,632   258,632 258,632


    TY 2012 LegalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 3,435      


    TY 2012 MortgagesAndNotesPayableSch 
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name SHOREWOOD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 29300000
    Balance Due 27233675
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name U VILLAGE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 25880104
    Balance Due 21124222
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower MORTGAGE
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 3
    Lender's Name SUNRISE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 19965000
    Balance Due 17680000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 4
    Lender's Name KEELER
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 12306270
    Balance Due 11242039
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 5
    Lender's Name WALNUT RIDGE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 47710000
    Balance Due  
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 6
    Lender's Name BANFILL
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 9905000
    Balance Due 8085000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 7
    Lender's Name ST CLOUD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 31979292
    Balance Due 31622200
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  


    TY 2012 OtherAssetsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TENANT SECURITY DEPOSITS 648,508 474,406 474,406
    SHOREWOOD - OTHER ASSETS - RESERVES 2,566,522 2,626,688 2,626,688
    U VILLAGE - OTHER ASSETS - RESERVES 917,410 994,407 994,407
    KEELER - OTHER ASSETS - RESERVES 966,563 987,392 987,392
    SUNRISE - OTHER ASSETS - RESERVES 2,081,226 1,884,614 1,884,614
    WALNUT RIDGE - OTHER ASSETS - RESERV 439,072    
    BANFILL - OTHER ASSETS - RESERVES 172,611 185,997 185,997
    SHOREWOOD FINANCING FEES - NET 953,302 920,470 920,470
    U VILLAGE FINANCING FEES - NET 555,919 164,581 164,581
    KEELER FINANCING FEES - NET 335,708 322,671 322,671
    SUNRISE - GOODWILL 6,878,617 6,878,617 6,878,617
    SUNRISE FINANCE FEES - NET 709,380 676,639 676,639
    WALNUT RIDGE FINANCE FEES - NET 438,559    
    PREPAID LAND LEASE 1,007,500 988,000 988,000
    COBORN - OTHER ASSETS - RESERVES 50,091 100,443 100,443
    COBORN FINANCE FEES - NET 103,795 75,154 75,154


    TY 2012 OtherExpensesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SHOREWOOD CAMPUS        
    ADMINISTRATIVE 500,980   500,980  
    U VILLAGE        
    ADMINISTRATIVE 353,364   353,364  
    SUNRISE        
    ADMINISTRATIVE 1,283,003   1,283,003  
    KEELER        
    ADMINISTRATIVE 268,622   268,622  
    WALNUT RIDGE        
    ADMINISTRATIVE 468,021   468,021  
    BANFILL SR HOUSING        
    ADMINISTRATIVE EXPENSE 246,990   246,990  
    COBORN PLAZA        
    ADMINISTRATIVE 354,467   354,467  
    EXPENSES        
    ADMINISTRATIVE EXPENSE 59,757      
    INSURANCE 25,597      
    BOARD EXPENSES 42,674      
    CONSULTING FEES 26,235      
    EVENTS 24,170      


    TY 2012 OtherIncomeSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SHOREWOOD CAMPUS 5,985,590   5,985,590
    U VILLAGE 3,767,234   3,767,234
    SUNRISE 13,397,556   13,397,556
    KEELER 1,467,719   1,467,719
    WALNUT RIDGE 3,729,814   3,729,814
    BANFILL SR HOUSING 1,291,092   1,291,092
    COBORN PLAZA 4,223,199   4,223,199
    COBORN PLAZA MISC REVENUE 5,423   5,423
    SHOREWOOD CAMPUS MISC. REV. 187,705   187,705
    U VILLAGE MISC. REV. 77,210   77,210
    KEELER MISC. REV. 34,174   34,174
    SUNRISE MISC. REV. 3,214,861   3,214,861
    WALNUT RIDGE MISC. REV. 564,445   564,445
    MISCELLANEOUS INCOME 69,682   69,682
    BANFILL MISC REVENUE 25,344   25,344
    DEBT FORGIVENESS INCOME 21,482,279   21,482,279


    TY 2012 OtherLiabilitiesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value
    SHOREWOOD DEPOSITS 312,325 331,049
    U VILLAGE DEPOSITS 49,088 49,502
    KEELER DEPOSITS 34,508 34,909
    BANFILL DEPOSITS 49,041 59,109
    WALNUST RIDGE DEPOSITS 200,000  
    ACCRUED INTEREST 3,028,699 648,111
    PREPAID RENT 974,197 941,209
    PREPAID LAND LEASE 911,917 894,267
    ACCRUED REAL ESTATE TAX 247,572 248,930
    ACCRUED PAYROLL 310,641 358,852
    OTHER ACCRUALS 169,023 104,130
    CAPITAL LEASE -11,376  
    RELATED PARTY PAYABLES   3,111