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
MURIEL WHITESIDE CHARITABLE TR 14905500

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES Room/suite

City or town, state, and ZIP code
ST PAUL, MN551640713

A Employer identification number

41-6370669

B Telephone number (see instructions)

(218) 723-2870

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

$15,160,198J 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)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	302,038		302,038
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		377,920
b	Gross sales price for all assets on line 6a 3,040,740
7	Capital gain net income (from Part IV, line 2)...			377,920
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).......		1,715,069	1,715,069
12	Total. Add lines 1 through 11........	2,395,027		2,395,027
13	Compensation of officers, directors, trustees, etc.	218,395		157,560		60,835
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		35,332	17,666	0	17,666
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		44,266	44,266		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		142,013	109,513		0
19	Depreciation (attach schedule) and depletion...		0	252,437
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		23,307	23,282		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	463,313		604,724	0	78,526
25	Contributions, gifts, grants paid........	1,348,920				1,348,920
26	Total expenses and disbursements. Add lines 24 and 25	1,812,233		604,724	0	1,427,446
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	582,794
b	Net investment income (if negative, enter -0-)			1,790,303
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...............	20,001	13,340	13,340
	2	Savings and temporary cash investments..........	28,154	53,406	53,406
	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)........	6,702,006	7,599,485	8,932,613
	c	Investments—corporate bonds (attach schedule)........	3,681,931	3,323,068	3,312,689
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,366	9,273	8,544
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2,821,305	2,839,606	2,839,606
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	13,254,763	13,838,178	15,160,198
	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 )		622
	23	Total liabilities (add lines 17 through 22)..........		622
		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.........	8,822,606	8,822,606
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	4,432,157	5,014,950
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	13,254,763	13,837,556
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	13,254,763	13,838,178

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	13,254,763
2	Enter amount from Part I, line 27a.....................	2	582,794
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	13,837,557
5	Decreases not included in line 2 (itemize)	5	1
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	13,837,556

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	23. EXTERRAN PARTNERS L P		2012-10-04	2012-01-13
b	250000. CATERP FIN SERV MTN 4.700% 3/15/12		2005-07-01	2012-03-15
c	. NET PROCEEDS CLASS ACTION SUIT			2012-04-11
d	600. EXELIS INC		2004-08-24	2012-08-15
e	300. ITT CORP		2004-08-24	2012-08-15
	600. XYLEM INC		2004-08-24	2012-08-15
	150000. GOLDMAN SACHS 5.700% 9/01/12		2006-01-09	2012-09-01
	250000. PITNEY BOWES INC 5.000% 3/15/15		2008-04-21	2012-09-06
	27448.397 NUVEEN EQUITY INDEX FUND CL I		2003-02-07	2012-10-01
	11820.331 NUVEEN DIVIDEND VALUE FUND CLASS I		2011-09-16	2012-10-01
	29655.292 NUVEEN INTL SELECT FD CL I		2011-03-31	2012-10-01
	41009.397 LAUDUS INTL MARKETMASTERS FUND SEL		2011-03-31	2012-10-02
	331. AMERISOURCEBERGEN CORP		2012-10-04	2012-10-05
	129. POTASH CORP OF SASKATCHEWAN		2012-10-04	2012-10-12
	1153. NISSAN MTR LTD SPONSORED ADR		2012-10-04	2012-10-17
	. NET PROCEEDS CLASS ACTION SUIT			2012-10-23
	553. UNILEVER N V A D R		2012-10-04	2012-10-25
	41. PHILLIPS 66		2012-10-04	2012-11-02
	1631. DEUTSCHE TELEKOM AG A D R		2012-10-04	2012-11-05
	797. AMADEUS IT HOLDING UNSP A D R		2012-10-04	2012-11-09
	740. TEVA PHARMACEUTICAL INDS LTD A D R		2012-10-04	2012-11-09
	52. EXXON MOBIL CORP		2012-10-04	2012-11-13
	163. ABBOTT LABORATORIES		2012-10-04	2012-11-15
	185. BRISTOL MYERS SQUIBB CO		2012-10-04	2012-11-15
	143. HOME DEPOT INC		2012-10-04	2012-11-15
	1573. BOMBARDIER INC CL B		2012-10-04	2012-11-16
	13. WHIRLPOOL CORP		2012-10-04	2012-11-30
	30. YUM BRANDS INC		2012-10-04	2012-11-30
	. NET PROCEEDS CLASS ACTION SUIT			2012-11-30
	227. EATON CORP		2012-10-04	2012-12-03
	144. EATON CORP		2012-10-04	2012-12-03
	43. EXTERRAN PARTNERS L P		2012-10-04	2012-12-04
	1001. DEUTSCHE POST AG A D R		2012-10-04	2012-12-13
	103. DU PONT E I DE NEMOURS & CO		2012-10-04	2012-12-17
	64. 3M CO		2012-10-04	2012-12-17
	72. UNITED PARCEL SERVICE INC CL B		2012-10-04	2012-12-17
	15. UNITED TECHNOLOGIES CORP		2012-10-04	2012-12-17
	112. INGERSOLL RAND PLC		2012-10-04	2012-12-17
	68. VERIZON COMMUNICATIONS INC		2012-10-04	2012-12-18
	125. CINEMARK HLDGS INC		2012-10-04	2012-12-19
	56. UNILEVER N V A D R		2012-10-04	2012-12-19
	14910.537 NUVEEN SHORT TERM BOND FUND CL I		2010-03-30	2012-12-27
	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	492	519	-27
b	250,000	253,638	-3,638
c	16		16
d	6,373	5,507	866
e	6,183	4,537	1,646
	14,437	13,650	787
	150,000	154,973	-4,973
	264,000	250,998	13,002
	626,647	352,184	274,463
	175,177	150,000	25,177
	267,787	300,000	-32,213
	778,358	790,000	-11,642
	13,026	13,091	-65
	5,392	5,404	-12
	19,695	20,085	-390
	48		48
	20,253	20,035	218
	1,911	1,858	53
	17,778	20,078	-2,300
	19,407	20,052	-645
	29,662	30,029	-367
	4,537	4,806	-269
	10,357	11,570	-1,213
	5,719	6,247	-528
	8,775	8,823	-48
	4,718	6,213	-1,495
	1,318	1,106	212
	2,030	1,991	39
	14		14
	11,840	10,659	1,181
	7,511	6,760	751
	945	919	26
	21,421	20,146	1,275
	4,574	5,140	-566
	5,939	6,038	-99
	5,265	5,275	-10
	1,200	1,182	18
	5,305	5,109	196
	2,968	3,186	-218
	3,260	2,915	345
	2,164	2,029	135
	150,000	149,254	746
			676

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			-27
b			-3,638
c			16
d			866
e			1,646
			787
			-4,973
			13,002
			274,463
			25,177
			-32,213
			-11,642
			-65
			-12
			-390
			48
			218
			53
			-2,300
			-645
			-367
			-269
			-1,213
			-528
			-48
			-1,495
			212
			39
			14
			1,181
			751
			26
			1,275
			-566
			-99
			-10
			18
			196
			-218
			345
			135
			746

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	377,920
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	1,581,046	18,368,540	0.086074
2010	1,334,947	17,707,046	0.075391
2009	1,039,319	16,431,773	0.063251
2008	2,962,135	18,261,939	0.162203
2007	1,333,552	18,930,165	0.070446

2	Total of line 1, column (d) ......................	2	0.457365
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	0.091473
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	18,640,702
5	Multiply line 4 by line 3.......................	5	1,705,121
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	17,903
7	Add lines 5 and 6.........................	7	1,723,024
8	Enter qualifying distributions from Part XII, line 4..............	8	1,427,446
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	35,806
	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	35,806
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	35,806
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	32,798
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	32,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	64,798
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	28,992
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax28,992	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.

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

U S BANK NATIONAL ASSOCIATION Telephone no. bullet

(218) 723-2870

Located at bullet

130 W SUPERIOR STREETDULUTHMN ZIP+4 bullet

55802

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
US BANK NA	CORP TSTEE 8	190,301
130 W SUPERIOR STREET DULUTH,MN55802	CORP TSTEE 8	190,301
JAMES H STEWART	CO-TRUSTEE 4	28,094
302 W SUPERIOR ST STE 700 DULUTH,MN55802	CO-TRUSTEE 4	28,094

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...................

11,779,252

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

420,182

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

6,725,137

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

18,924,571

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.........................

18,924,571

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

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

283,869

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

18,640,702

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

932,035

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....................

932,035

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

35,806

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

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

35,806

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

896,229

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

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

896,229

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

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

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

896,229

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 ..........

1,427,446

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

1,427,446

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..............

1,427,446

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					896,229
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	423,724
b From 2008.......	2,108,596
c From 2009.......	238,915
d From 2010.......	479,299
e From 2011.......	698,047
fTotal of lines 3a through e.........		3,948,581
4Qualifying distributions for 2012 from Part
XII, line 4: $ 1,427,446
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.....					896,229
e Remaining amount distributed out of corpus		531,217
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		4,479,798
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) ...		423,724
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		4,056,074
10 Analysis of line 9:
a Excess from 2008....	2,108,596
b Excess from 2009....	238,915
c Excess from 2010....	479,299
d Excess from 2011....	698,047
e Excess from 2012....	531,217

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).)

NONE

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.

NONE

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
UMD MEDICAL SCHOOL 10 UNIVERSITY DRIVE DULUTH,MN558122496	NONE	N/A	MEDICAL SCHOOL	202,338
ST LUKES 915 EAST FIRST STREET DULUTH,MN55805	NONE	PRIVATE	GENERAL	202,338
Y M C A 302 WEST FIRST STREET DULUTH,MN55802	NONE	N/A	GENERAL	196,517
Y W C A 202 WEST 2ND STREET DULUTH,MN55802	NONE	N/A	GENERAL	181,181
WDSE EDUCATIONAL TV 632 NIAGARA COURT DULUTH,MN55811	NONE	PRIVATE	GENERAL	26,978
ANIMAL ALLIES 407 WEST MICHIGAN STR DULUTH,MN55802	NONE	PUBLIC	GENERAL	107,914
PILGRIM CONGREGATIONAL CHURCH 2310 EAST 4TH ST DULUTH,MN55812	NONE	N/A	GENERAL	26,978
UNITED WAY OF DULUTH ATTN FINANCE DIRECTOR 402 ORDEAN BLDG DULUTH,MN55802	NONE	PUBLIC	GENERAL	94,425
BOYS AND GIRLS CLUB 2623 W SECOND STREET DULUTH,MN558166435	NONE	N/A	GENERAL	148,381
DULUTH SUPERIOR SYMPHONY ATTN MIKE BEERY 506 W MICHIGAN ST DULUTH,MN55802	NONE	N/A	GENERAL	26,978
AMERICAN CANCER SOCIETY 130 WEST SUPERIOR STREET DULUTH,MN55802	NONE	PUBLIC	GENERAL	26,978
DEPOT FOUNDATION 314 W SUPERIOR STREET DULUTH,MN55802	NONE	PUBLIC	GENERAL	107,914
Total ................................. 3a				1,348,920

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	302,038
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	377,920
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aROYALTY INCOME			01	1,682,912
bPARTNERSHIP INCOME			01	7,103
cROYALTY LEASE BONU			01	23,025
dSALE OF TIMBER			01	2,029
e
12 Subtotal. Add columns (b), (d), and (e)..				2,395,027

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

132,395,027

(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:

TY 2012 InvestmentsCorpBondsSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GEN ELEC CAP CRP	257,100	272,478
CATERPILLAR FINL
GOLDMAN SACHS
CS FIRST BOSTON USA	249,400	261,135
HSBC FIN CORP	149,730	156,377
WACHOVIA CORP	173,595	186,610
PITNEY BOWES INC
HEWLETT PACK CO	102,399	100,533
BERKSHIRE HATHAWAY	209,552	205,688
DUPONT EI NEMOUR
CREDIT SUISSE COMMOD RET STRAT	675,000	598,876
NUVEEN SHORT TERM BD FD Y	675,219	681,123
ISHARES S&P PREF STK INDEX FD	79,920	79,240
PIMCO TOTAL RETURN FD	200,000	205,109
EI DU PONT DE NEMOUR C	101,153	105,262
DRIEHAUS ACTIVE INCOME FUND	250,000	255,998
NUVEEN HIGH INCOME BOND FD CI	200,000	204,260

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Name of Stock	End of Year Book Value	End of Year Fair Market Value
WESTAR ENERGY INC	6,574	6,296
EXXON MOBIL CORP	28,257	45,525
JOHNSON & JOHNSON	40,759	58,674
MICROSOFT CORP	102,109	90,866
TEXAS INSTRUMENTS	71,283	40,064
GENERAL ELECTRIC	114,296	76,551
PEPSICO INC	34,010	54,744
PFIZER INC	87,285	90,612
WELLS FARGO & CO	48,362	55,030
VERIZON COMMUNICATIONS	66,423	80,396
UNITED TECHNOLOGIES CORP	26,355	56,423
INTEL CORP	29,887	32,415
FREEPORT-MCMORAN COPPER & GOLD	21,157	15,185
REPUBLIC SVCS INC	25,796	35,196
3M CO	42,153	46,425
APACHE CORP	29,294	35,325
B P P L C SPONS A D R
CONOCOPHILLIPS
MCDONALD'S CORP	45,127	105,235
TARGET CORP
ALLSTATE CORP	28,809	24,102
CISCO SYS INC	43,788	31,439
QUALCOMM	60,928	76,953
FED EX CORP	22,360	18,344
SCHLUMBERGER LTD	79,142	80,525
OMNICOM GROUP INC	33,962	39,968
COSTCO WHSL CORP	30,886	59,238
WAL MART STORES INC	46,163	68,230
ACE LTD	33,378	47,880
BANK OF AMERICA CORP	96,084	39,648
GOLDMAN SACHS GROUP INC	30,458	25,512
EXELON CORPORATION	44,164	23,792
ACCENTURE LTD	50,974	92,302
FISERV INC	17,382	31,612
HEWLETT PACKARD CO	73,033	33,488
ORACLE CORPORATION	41,538	86,632
FIDELITY ADV DIVERSIFIED INTL	11,051	12,358
NUVEEN EQUITY INDEX FD
NUVEEN MID CAP INDEX FD	614,055	712,156
NUVEEN REAL ESTATE SEC FD	375,490	404,151
NUVEEN SMALL CAP SELECT FD	310,577	316,029
LANDUS INTL MRKTMASTERS INV FD
I T T CORPORATION
LOWES COS INC
I SHARES M S C I E A F E INDEX	100,810	68,232
MONSANTO CO	17,760	14,198
NIKE INC CL B	24,058	41,280
ALTRIA GROUP INC	13,228	15,531
C V S/CAREMARK CORP	32,443	36,504
PHILIP MORRIS INTL	43,920	50,937
ST JUDE MED INC	24,549	21,214
ZIMMER HOLDINGS INC	18,870	16,665
P G & E CORP	29,743	32,144
AT & T INC	57,900	67,285
I SHARES MSCI EMERGING MKTS	443,984	501,155
NEUBERGER BERMAN GENESIS INSTL	130,000	187,880
SCOUT INTERNATIONAL FUND	700,000	756,043
GOLDMAN SACHS MC VALUE CL INST	100,000	125,728
ROWE T PRICE MID-CAP GRTH F#64	50,000	55,374
EXELIS INC
XYLEM INC
NUVEEN EQUITY INCOME FD	740,037	1,526,706
NUVEEN INTL SELECT FD
ABBOTT LABORATORIES	18,090	16,703
AFLAC INC	9,593	10,518
ALLEGHENY TECHNOLOGIES INC	5,896	5,677
ANADARKO PETROLEUM CORP	9,554	10,180
ANNALY CAP MGMT INC	4,094	3,440
APPLE INC	17,174	13,837
BANKUNITED INC	2,520	2,468
BEST BUY CO INC	6,417	4,124
BLACKROCK INC	11,583	13,023
BORING CO	4,402	4,748
CAPITAL ONE FINANCIAL CORP	9,169	8,921
CATERPILLAR INC	10,288	10,753
CENTERPOINT ENERGY INC	6,684	5,948
CENTURLYLINK	8,104	7,941
CHEVRON CORPORATION	36,513	33,632
CINEMARK HIGHS INC	5,363	5,975
CITIGROUP INC	15,453	17,486
CLIFF NATURAL RESOURCES INC	1,447	1,659
COCA COLA COMPANY	18,681	17,654
COCA COLA ENTERPRISES INC	20,021	19,958
MOMMUNITY BK SYS INC	2,811	2,709
CONAGRA FOODS INC	4,870	5,163
CONOCOPHILLIPS	25,709	45,348
CRANE CO	5,984	6,202
CULLEN FROST BANKER INC	12,618	11,831
DEVON ENERGY CORPORATION	4,382	3,747
DOVER CORP	5,971	6,111
DOW CHEM CO	5,421	5,981
EMERSON ELEC CO	14,888	16,047
EQUITABLE CORP	16,210	15,984
FITH THIRD BANCORD	8,496	8,375
GENERAL DYNAMICS CORP	4,620	4,780
HASBRO INC	6,075	5,816
INTERNATIONAL BUSINESS MACHINE	17,274	15,707
ITC HIDGS CORP	9,892	9,844
J P MORGAN CHASE CO	22,815	23,963
KIMBERLY CLARK CORP	7,119	6,923
KINDER MORGAN INC	12,521	12,260
KRAFT FOODS GROUP INC	3,259	3,183
LIBERTY PPTY TR	5,290	5,118
LORILLARD INC	15,244	15,167
LOWES CO INC	39,001	44,187
MARATHON OIL CORP	4,655	4,783
MAXIM INTEGRATED PRODS INC	6,133	6,556
MCCORMICK CO INC	13,914	14,104
MERCK AND CO INC NEW	16,087	14,616
MICROCHIP TECHNOLOGY INC	13,807	13,525
MID-AMERICA APT CMNTYS INC	5,146	5,180
MOLEX INC	5,574	5,781
MONDELEZ INTERNATIONAL W I	5,964	5,422
MOTOROLA SOLUTIONS INC	12,522	13,642
NEW YORK COMMUNITY BANCORP INC	15,766	13,899
NEXTERA ENERGY INC	17,323	16,813
OCCIDENTAL PETROLEUM CORPORATI	5,871	5,286
OLD REP INTL CORP	3,635	4,036
ONEOK INC	14,143	12,269
P C N FINANCIAL SERVICES GROUP	3,360	3,032
P P G INDS INC	8,208	9,475
P P L CORPORATION	6,538	6,356
PACCAR INC	11,000	11,981
PHILLIPS 66	6,242	18,585
PINNACLE WEST CAP CORP	4,748	4,537
PIONEER NAT RES CO	1,823	1,812
PRAXAIR INC	4,852	5,035
PRUDENTIAL FINANCIAL INC	9,190	8,853
REDWOOD TR INC	5,196	5,962
ROCKWELL AUTOMATIC INC	2,959	3,024
SLM CORP	4,068	4,163
SOUTHERN COPPER CORP DEL	17,312	18,551
STATE STR CORP	9,099	10,060
SUNTRUST BKS INC	8,978	8,845
TARGET CORPORATION	20,883	23,668
TIME WARNER CABLE INC	17,257	16,911
UNION PACIFIC CORP	13,925	14,332
UNITED HEATH GROUP INCORPORATE	7,497	6,997
V F CORP	17,174	15,852
WALGREEN CO	6,040	5,959
WHIRLPOOL CORP	4,850	5,800
WINDSTREAM CORP	7,220	5,937
WINTRUST FINL CORP	4,183	3,927
YUM BRANDS INC	21,298	21,314
STARBUCKS CORP	7,997	8,742
ADECO SA D R	20,312	21,054
ADIDAS AG A D R	20,017	21,011
AGRIUM INC	19,921	19,075
ASAHI KASEI CORP A D R	20,258	23,105
ASTRAZENECA P L C SPSD A D R	2,847	2,978
ATLANTIA SPA A D R	19,162	21,392
AXA A D R	20,102	23,923
BOMBARDIER INC CL B	24,403	23,538
BP PLC SPONS A D R	54,310	37,809
CAPGEMINI SA A D R	20,019	21,166
CARNIVAL CORP	8,605	8,531
COVIDIEN PLC	6,404	6,120
DAIMLER AG	19,985	21,823
DBS GROUP HLDGS LTD	20,013	20,801
DEUTSCH BOERSE AG UNSPN A D R	20,189	21,995
DIAGEO PLC SPONSORED A D R	19,961	20,052
EATON CORP PLC	19,272	20,101
EUROPEAN AERO DFENSE SPACE CO	19,946	23,469
GEA GROUP AG SPON A D R	20,081	20,469
GLAXO SMITHKLINE P L C D R	8,104	7,651
HEINEKEN NV SPN A D R	20,060	21,283
ICAP PLC A D R	20,057	18,776
INFINEON TECHNOLOGIES A G A D	20,150	24,909
JULIUS BAER GROUP LTD A D R	19,840	20,403
KAO CORP A D R	20,114	17,919
KOMATSU LTD A D R	20,105	26,507
KONINKLIJKE DSM NV ADR	20,246	23,730
MARKS & SPENCER PLC A D R	20,098	21,132
MITSUBISHI ESTATE LTD A D R	20,587	24,754
NINTENDO CO LTD UNSPONS A D R	20,060	15,094
NOVARTIS AG A D R	28,956	30,257
NOVO NORDISK AS A D R	14,068	14,036
PORSCHE AUTOMOBIL HLDG SE A D	26,476	33,235
REPSOL S A	20,069	21,778
ROCHE HIDG LTD A D R	30,000	31,007
ROYAL DUTCH SHELL A D R	29,992	29,703
ROYAL DUTCHE SHELL PLC A D R	27,212	27,028
SAIPEM SPA UNSPON A D R	30,123	23,907
SAP AG A D R	19,989	22,667
SEADRILL LIMITED	17,560	16,523
SEAGATE TECHNOLOGY	6,355	6,388
SECOM COMPANY LIMITED A D R	20,091	19,776
SILICONWARE PRECISION IND CO A	20,149	18,952
SINGAPORE TELECOMMUNICATNS A D	20,045	20,730
SONY SINANCIAL HOLD A D R	20,112	21,002
SUNCOR ENERGY INC	30,016	29,121
WPP PLCSPONSORED A D R	19,387	21,870
VODAFONE GROUP PLC A D R	32,968	29,069
UNILEVER A V A D R	5,616	5,937
TOTO LTD	20,076	20,293
TESCO PLC A D R	30,150	31,983
TECHNIP-COFLEXIP A D R	20,184	20,776
SYNGENTA A G A D R	19,938	21,574
SWISS RE LTD SPN A D R	20,121	20,606
TFS MARKET NEUTRAL FUND	250,000	252,915

- TIN:

TY 2012 InvestmentsOtherSchedule2

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
WAYLAND LAND LLC	AT COST	1,370	1,370
DU NORD LAND LLC	AT COST	358	31
ENBRIDGE ENERGY PARTNERS	AT COST	5,006	4,771
EXTERRAN PARTNERS, L.P.	AT COST	2,539	2,372

- TIN:

TY 2012 LegalFeesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	35,332	17,666		17,666

- TIN:

TY 2012 OtherAssetsSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
LAND & MINERAL RIGHTS	2,817,746	2,817,746	2,817,746
ACCRUED INTEREST	3,559	21,641	21,641
WASH SALE ADJUSTMENT		219	219

- TIN:

TY 2012 OtherDecreasesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Description	Amount
ROUNDING	1

- TIN:

TY 2012 OtherExpensesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
MN STATE FILING FEE	25	0	25
ROYALTY EXPENSES	23,164	23,164	0
ADR AGANT FEE	118	118	0

- TIN:

TY 2012 OtherIncomeSchedule2

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Description	Revenue And Expenses Per Books	Net Investment Income
ROYALTY INCOME	1,682,912	1,682,912
PARTNERSHIP INCOME/LOSS	7,103	7,103
ROYALTY LEASE BONUS	23,025	23,025
SALE OF TIMBER	2,029	2,029

- TIN:

TY 2012 OtherLiabilitiesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Description	Beginning of Year - Book Value	End of Year - Book Value
RETURN OF CAPITAL ADJUSTMENTS		622

- TIN:

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

TY 2012 OtherNotesLoansRcvblLongSch

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Borrower's Name	Relationship to Insider	Original Amount of Loan	Balance Due	Date of Note	Maturity Date	Repayment Terms	Interest Rate	Security Provided by Borrower	Purpose of Loan	Description of Lender Consideration	Consideration FMV
AMERN PACER MNG							0 %

- TIN:

TY 2012 OtherProfessionalFeesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GLOBAL MINERAL ENGINEERING FEE	1,254	1,254
JOSEPH HARRISS RETAINER FEE	43,012	43,012

- TIN:

TY 2012 TaxesSchedule

Name:

MURIEL WHITESIDE CHARITABLE TR 14905500

EIN: 41-6370669

Category	Amount	Net Investment Income
FOREIGN TAXES	215	215
REAL ESTATE TAX ON NON-RENTAL	105,987	105,987
FEDERAL TAX PAYMENT - PRIOR YE	10,000	0
FEDERAL TAX	15,000	0
FEDERAL TAX	7,500	0
FOREIGN TAXES ON QUALIFIED FOR	2,968	2,968
FOREIGN TAXES ON NONQUALIFIED	343	343