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 08-01-2012 , and ending 07-31-2013
Name of foundation
DALE KRUEGER SCHOLARSHIP FUND 97350810
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 3168   Room/suite
City or town, state, and ZIP code
PORTLAND, OR97208
A Employer identification number

93-6331222
B Telephone number (see instructions)

(503) 275-4327
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$9,752,377J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 200,729 200,729  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 70,117
b Gross sales price for all assets on line 6a 2,243,152
7 Capital gain net income (from Part IV, line 2)... 70,117
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 270,846 270,846  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 123,083 110,775   12,308
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 29,109 5,930   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 6,739     6,739
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 160,431 116,705 0 20,547
25 Contributions, gifts, grants paid........ 494,002 494,002
26 Total expenses and disbursements. Add lines 24 and 25 654,433 116,705 0 514,549
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -383,587
b Net investment income (if negative, enter -0-) 154,141
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 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.......... 463,382 407,306 407,306
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   8,902 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,130,741 Click to see attachment5,045,431 5,963,354
c Investments—corporate bonds (attach schedule)........ 3,635,633 Click to see attachment3,403,170 3,381,717
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,238,658 8,855,907 9,752,377
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 9,238,658 8,855,907
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).................... 9,238,658 8,855,907
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,238,658 8,855,907
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 9,238,658
2 Enter amount from Part I, line 27a..................... 2 -383,587
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 848
4 Add lines 1, 2, and 3.......................... 4 8,855,919
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 12
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,855,907
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.)
1 a 4049.919 P I M C O FDS TOTAL RETURN FD   2011-03-11 2012-09-13
b 1850. JULIUS BAER GROUP LTD A D R     2012-11-07
c 310. EATON CORP   2012-07-05 2012-12-03
d 4115.526 ABERDEEN FDS EMRGN   2011-12-02 2012-12-13
e 3184.222 AMER CENT DIVERSIFI BOND INS   2012-04-26 2012-12-13
2043. IPATH DOW JONES UBS COMMODITY   2011-12-02 2012-12-13
1207.372 DRIEHAUS ACTIVE INCOME FUND   2012-07-11 2012-12-13
2498.466 NUVEEN HIGH INCOME BOND FD CL I   2011-12-02 2012-12-13
4144.824 NUVEEN REAL ESTATE SECS I   2011-12-02 2012-12-13
2346.326 NUVEEN INFLATION PRO SEC CL I   2011-12-02 2012-12-13
7033.127 P I M C O FDS TOTAL RETURN FD   2011-03-11 2012-12-13
2822.823 T ROWE PRICE INTL BOND FUND   2011-12-02 2012-12-13
383. ATT INC   2012-07-05 2013-02-20
3026. AU OPTRONICS CORPA D R   2012-07-05 2013-02-20
22621.033 ABERDEEN FDS EMRGN   2011-12-02 2013-02-20
706. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS   2012-07-05 2013-02-20
351. AMERICAN EXPRESS CO   2012-07-05 2013-02-20
21. APPLE COMPUTER INC   2012-07-05 2013-02-20
80. ATHENAHEALTH INC   2012-07-05 2013-02-20
806. B G GROUP P L C A D R   2012-07-05 2013-02-20
5473. BOMBARDIER INC CL B   2012-07-05 2013-02-20
367. CANON INC SPONS A D R   2012-07-05 2013-02-20
338. CEPHEID INC   2012-07-05 2013-02-20
639. COCA COLA CO   2012-07-05 2013-02-20
91. CONCUR TECHNOLOGIES INC   2012-07-05 2013-02-20
29. CUMMINS INC   2012-07-05 2013-02-20
784. DEUTSCHE TELEKOM AG A D R   2012-07-05 2013-02-20
187. DEUTSCHE POST AG A D R   2012-07-05 2013-02-20
313. DIGI INTERNATIONAL INC   2012-07-05 2013-02-20
376. E M C CORP MASS   2012-07-05 2013-02-20
299. ECHO GLOBAL LOGISTICS INC   2012-07-05 2013-02-20
211. ENERGEN CORP   2012-07-05 2013-02-20
43. EXPEDITORS INTL WASH INC   2012-07-05 2013-02-20
216. EXPRESS SCRIPTS HLDGS C   2012-07-05 2013-02-20
399. FANUC CORPORATION A D R   2012-07-05 2013-02-20
40. FIDELITY NATL INFORMATION SVCS INC   2012-07-05 2013-02-20
601. FRESENIUS MED AKTIENGESELLSCHAFT ADR   2012-07-05 2013-02-20
522. GENTEX CORP   2012-07-05 2013-02-20
40. GOOGLE INC CL A   2012-07-05 2013-02-20
274. HMS HLDGS CORP   2012-07-05 2013-02-20
870.961 HIGHLAND LONG SHORT EQUITY FD CL Z   2012-07-05 2013-02-20
608. HOYA CORP A D R   2012-07-05 2013-02-20
226. IPC THE HOSPITALIST CO   2012-07-05 2013-02-20
121. IHS INC CL A   2012-07-05 2013-02-20
87. IMPERIAL OIL LTD   2012-07-05 2013-02-20
215. INFORMATICA CORP   2012-07-05 2013-02-20
575. INNERWORKINGS INC   2012-07-05 2013-02-20
14. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK   2012-07-05 2013-02-20
161. JGC CORP UNSPONSORED A D R   2012-07-05 2013-02-20
312. KOMATSU LTD A D R REPSTG 4 ORD SHS   2012-07-05 2013-02-20
6442. LI FUNG LTD A D R   2012-07-05 2013-02-20
183. LORILLARD INC   2012-07-05 2013-02-20
452. MICROSOFT CORP   2012-07-05 2013-02-20
147. NATIONAL INSTRS CORP   2012-07-05 2013-02-20
143. NATIONAL-OILWELL INC   2012-07-05 2013-02-20
290. NISSAN MTR LTD SPONSORED ADR   2012-07-05 2013-02-20
3. PATTERSON COMPANIES INC   2012-07-05 2013-02-20
112. PERRIGO CO   2012-07-05 2013-02-20
451. PETROLEO BRASILEIRO SPON A D R   2012-07-05 2013-02-20
58. PHILIP MORRIS INTL   2012-07-05 2013-02-20
179. QUESTCOR PHARMACEUTICALS   2012-07-05 2013-02-20
137. RIO TINTO PLC A D R   2012-07-05 2013-02-20
174. RITCHIE BROS AUCTIONEERS INC   2012-07-05 2013-02-20
131. ROYAL DUTCH SHELL A D R   2012-07-05 2013-02-20
133. SAFRAN SA UNSPON A D R   2012-07-05 2013-02-20
962. SAIPEM SPA UNSPON A D R   2012-07-05 2013-02-20
1417. SILICONWARE PRECISION IND CO A D R   2012-07-05 2013-02-20
246. SONY FINANCIAL HOLD A D R   2012-07-05 2013-02-20
17. STERICYCLE INC   2012-07-05 2013-02-20
120. SUNCOR ENERGY INC   2012-07-05 2013-02-20
402. TECHNIP-COFLEXIP A D R   2012-07-05 2013-02-20
522. TEVA PHARMACEUTICALS INDS LTD ADR   2012-07-05 2013-02-20
45. TIME WARNER CABLE INC   2012-07-05 2013-02-20
1296. TOKYO ELECTRON LTD ADR   2012-07-05 2013-02-20
98. ULTA SALON COSMETICS & FRAGRANCE   2012-07-05 2013-02-20
197. ULTIMATE SOFTWARE GROUP INC   2012-07-05 2013-02-20
396. UNITED NAT FOODS INC   2012-07-05 2013-02-20
15. VARIAN MED SYS INC   2012-07-05 2013-02-20
648. VODAFONE GROUP PLC A D R   2012-07-05 2013-02-20
103. WHOLE FOODS MKT INC   2012-07-05 2013-02-20
289. YUM BRANDS INC   2012-07-05 2013-02-20
63. SEADRILL LIMITED   2012-07-05 2013-02-20
.5 JARDEN CORP   2013-02-20 2013-03-26
.2 ITAU UNIBANCO HOLDINGS SA A D R   2013-02-20 2013-06-12
44. LUFKIN INDS INC   2013-02-20 2013-07-01
22. ATT INC   2012-07-05 2013-07-02
634. AU OPTRONICS CORPA D R   2012-07-05 2013-07-02
6684.774 ABERDEEN FDS EMRGN   2012-04-26 2013-07-02
291. ADECCO SA A D R   2013-02-20 2013-07-02
138. AGRIUM INC   2012-07-05 2013-07-02
112. APOGEE ENTERPRISES INC   2013-02-20 2013-07-02
26. ASTRAZENECA P L C SPSD A D R   2013-02-20 2013-07-02
100. CAMDEN PPTY TR SBI   2013-02-20 2013-07-02
141. CATERPILLAR INC   2012-07-05 2013-07-02
302. COCHLEAR LTD UNSPON A D R   2012-07-05 2013-07-02
60. COMPUTER PROGRAMS & SYSTEMS   2013-02-20 2013-07-02
223. DIGI INTERNATIONAL INC   2012-07-05 2013-07-02
723. EXPEDITORS INTL WASH INC   2012-07-05 2013-07-02
190. FLIR SYSTEMS INC   2013-02-20 2013-07-02
33. FOSTER L B CO CL A   2013-02-20 2013-07-02
138. GRANITE CONSTRUCTION INC   2013-02-20 2013-07-02
1264. GRUPO SIMEC A D R   2013-02-20 2013-07-02
66. H E I C O CORPORATION CL A   2013-02-20 2013-07-02
94. IDEXX LABS INC   2012-07-05 2013-07-02
245. INNERWORKINGS INC   2012-07-05 2013-07-02
9. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK   2012-07-05 2013-07-02
76. JOS A BANK CLOTHIERS INC   2013-02-20 2013-07-02
31. KB FINANCIAL GROUP A D R   2013-02-20 2013-07-02
1275. KT CORP SP A D R   2013-02-20 2013-07-02
326. MARCUS CORP   2013-02-20 2013-07-02
1071. MELCO CROWN ENTERTAINMENT LMTD A D R   2013-02-20 2013-07-02
114. MONSTER BEVERAGE CORP   2013-02-20 2013-07-02
76. NATIONAL GRID PLC SP A D R   2013-02-20 2013-07-02
248. NETGEAR INC   2012-07-05 2013-07-02
375. ONEOK INC   2012-07-05 2013-07-02
341. ORIX CORP SPONS A D R   2013-02-20 2013-07-02
45. PHILIP MORRIS INTL   2012-07-05 2013-07-02
169. RIO TINTO PLC A D R   2012-07-05 2013-07-02
76. RITCHIE BROS AUCTIONEERS INC   2012-07-05 2013-07-02
100. SANOFI A D R   2013-02-20 2013-07-02
171. SCANSOURCE INC   2013-02-20 2013-07-02
192. SOLARWINDS INC   2012-07-05 2013-07-02
65. SONY FINANCIAL HOLD A D R   2012-07-05 2013-07-02
295. SOUTHERN COPPER CORP DEL   2012-07-05 2013-07-02
776. STATOIL ASA A D R   2013-02-20 2013-07-02
180. SUNCOR ENERGY INC   2012-07-05 2013-07-02
35. TECHNE CORP   2012-07-05 2013-07-02
134. TRINITY BIOTECH PLC SPON A D R   2013-02-20 2013-07-02
382. XINYUAN REAL ESTATE CO LTD A D R   2013-02-20 2013-07-02
.5 MARTEN TRANSPORTATION LTD   2013-02-20 2013-07-08
11517.051 AMER CENT DIVERSIFI BOND INS   2012-04-26 2013-07-12
314. IPATH DOW JONES UBS COMMODITY   2013-02-20 2013-07-12
1505.99962 IPATH DOW JONES UBS COMMODITY   2011-12-02 2013-07-12
848.00038 IPATH DOW JONES UBS COMMODITY   2011-12-02 2013-07-12
4545.20008 T ROWE PRICE INTL BOND FUND   2012-07-11 2013-07-12
7932.55692 T ROWE PRICE INTL BOND FUND     2013-07-12
.5 AAON INC   2013-02-20 2013-07-22
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 46,696   44,185 2,511
b 313     313
c 16,170   12,654 3,516
d 64,120   55,148 8,972
e 35,504   35,313 191
84,864   89,704 -4,840
12,822   12,545 277
22,736   20,787 1,949
88,533   75,519 13,014
28,297   27,264 1,033
79,826   76,731 3,095
28,595   28,115 480
13,616   13,715 -99
12,506   12,316 190
360,805   303,122 57,683
15,661   18,264 -2,603
21,841   20,922 919
9,487   12,885 -3,398
7,220   6,664 556
14,250   16,765 -2,515
22,220   23,260 -1,040
13,131   14,608 -1,477
11,982   15,362 -3,380
24,147   25,042 -895
6,532   6,200 332
3,380   2,902 478
8,436   8,483 -47
4,312   3,299 1,013
3,139   3,096 43
8,910   9,547 -637
5,818   5,577 241
9,987   9,830 157
1,809   1,700 109
12,340   11,835 505
10,330   11,232 -902
1,492   1,387 105
20,779   21,062 -283
10,146   11,276 -1,130
31,888   23,961 7,927
7,353   9,412 -2,059
9,946   10,103 -157
11,959   13,498 -1,539
10,000   10,091 -91
12,758   13,148 -390
3,658   3,716 -58
7,826   9,331 -1,505
8,227   7,448 779
2,807   2,750 57
8,348   9,618 -1,270
8,009   7,719 290
16,749   25,253 -8,504
7,801   8,289 -488
12,604   13,894 -1,290
4,407   4,017 390
9,772   9,645 127
5,855   5,455 400
111   106 5
12,803   13,218 -415
8,132   8,781 -649
5,362   5,154 208
5,370   9,084 -3,714
7,610   6,725 885
3,917   3,830 87
8,880   9,241 -361
6,196   4,733 1,463
13,073   21,279 -8,206
7,218   7,811 -593
3,990   4,025 -35
1,645   1,580 65
3,775   3,615 160
10,588   10,388 200
19,998   21,005 -1,007
3,919   3,704 215
14,385   15,061 -676
8,477   9,288 -811
18,935   18,078 857
21,516   21,877 -361
1,049   923 126
16,128   18,397 -2,269
8,836   9,948 -1,112
18,853   18,776 77
2,355   2,271 84
22   20 2
3   3  
3,894   2,896 998
780   788 -8
2,213   2,580 -367
95,459   96,929 -1,470
8,329   8,547 -218
12,079   12,737 -658
2,818   2,811 7
1,244   1,181 63
6,992   7,168 -176
11,663   12,280 -617
8,480   10,277 -1,797
2,839   3,113 -274
2,096   2,206 -110
27,633   28,580 -947
5,176   5,116 60
1,450   1,471 -21
4,185   5,091 -906
15,939   17,789 -1,850
2,362   2,369 -7
8,482   9,087 -605
2,744   3,174 -430
1,728   1,768 -40
3,136   3,173 -37
918   1,099 -181
19,520   20,834 -1,314
4,072   4,176 -104
23,861   20,483 3,378
6,873   5,726 1,147
4,298   4,142 156
7,837   9,154 -1,317
15,244   16,093 -849
24,621   19,292 5,329
3,949   3,999 -50
6,855   8,296 -1,441
1,461   1,673 -212
5,113   4,922 191
5,663   5,236 427
7,505   8,650 -1,145
1,035   1,064 -29
8,012   9,204 -1,192
16,071   20,204 -4,133
5,292   5,423 -131
2,441   2,624 -183
2,211   2,298 -87
1,573   1,829 -256
8   7 1
123,002   127,724 -4,722
11,854   12,854 -1,000
56,855   66,126 -9,271
32,014   37,234 -5,220
42,634   44,179 -1,545
74,407   77,672 -3,265
12   8 4
      450
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       2,511
b       313
c       3,516
d       8,972
e       191
      -4,840
      277
      1,949
      13,014
      1,033
      3,095
      480
      -99
      190
      57,683
      -2,603
      919
      -3,398
      556
      -2,515
      -1,040
      -1,477
      -3,380
      -895
      332
      478
      -47
      1,013
      43
      -637
      241
      157
      109
      505
      -902
      105
      -283
      -1,130
      7,927
      -2,059
      -157
      -1,539
      -91
      -390
      -58
      -1,505
      779
      57
      -1,270
      290
      -8,504
      -488
      -1,290
      390
      127
      400
      5
      -415
      -649
      208
      -3,714
      885
      87
      -361
      1,463
      -8,206
      -593
      -35
      65
      160
      200
      -1,007
      215
      -676
      -811
      857
      -361
      126
      -2,269
      -1,112
      77
      84
      2
       
      998
      -8
      -367
      -1,470
      -218
      -658
      7
      63
      -176
      -617
      -1,797
      -274
      -110
      -947
      60
      -21
      -906
      -1,850
      -7
      -605
      -430
      -40
      -37
      -181
      -1,314
      -104
      3,378
      1,147
      156
      -1,317
      -849
      5,329
      -50
      -1,441
      -212
      191
      427
      -1,145
      -29
      -1,192
      -4,133
      -131
      -183
      -87
      -256
      1
      -4,722
      -1,000
      -9,271
      -5,220
      -1,545
      -3,265
      4
       
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 70,117
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 553,293 9,080,210 0.060934
2010 607,981 9,474,405 0.064171
2009 733,772 8,932,761 0.082144
2008 850,493 7,955,794 0.106902
2007 962,036 10,990,560 0.087533
2 Total of line 1, column (d) ...................... 2 0.401684
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 0.080337
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 9,243,118
5 Multiply line 4 by line 3....................... 5 742,564
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,541
7 Add lines 5 and 6......................... 7 744,105
8 Enter qualifying distributions from Part XII, line 4.............. 8 514,549
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 3,083
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 3,083
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 3,083
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 12,676
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,676
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,593
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet3,084 Refunded Bullet 11 6,509
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)
    bulletOR
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 275-4327
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
     
    No
    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
    US BANK TRUSTEE
    1     		124,583    
    PO BOX 3168
    PORTLAND,OR97208
    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 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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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  
    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
    9,184,800
    b
    Average of monthly cash balances.......................
    1b
    199,076
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,383,876
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,383,876
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    140,758
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,243,118
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    462,156
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    462,156
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    3,083
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,083
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    459,073
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    848
    5
    Add lines 3 and 4............................
    5
    459,921
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    459,921
    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
    514,549
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    514,549
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    514,549
    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 7 459,921
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 428,980
    b From 2008....... 457,881
    c From 2009....... 290,436
    d From 2010....... 118,768
    e From 2011....... 110,291
    fTotal of lines 3a through e......... 1,406,356
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 514,549
    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..... 459,921
    e Remaining amount distributed out of corpus 54,628
    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 1,460,984
    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) ...     		428,980
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		1,032,004
    10 Analysis of line 9:
    a Excess from 2008.... 457,881
    b Excess from 2009.... 290,436
    c Excess from 2010.... 118,768
    d Excess from 2011.... 110,291
    e Excess from 2012.... 54,628
    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:
    WILLIAM DOLAN
    US BANK - PO BOX 3168
    PORTLAND,OR97208
    (503) 275-5929
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    APRIL 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATES OF GRESHAM, BARLOW, REYNOLDS OR CENTENNIAL HIGH SCHOOLS.
    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
    THE ART INSTITUTE OF
    PORTLAND
    1122 NW DAVIS ST
    PORTLAND,OR97209     		NONE PUBLIC SCHOLARSHIP 2,000
    BIOLA UNIVERSITY
    13800 BIOLA AVE
    LA MIRADA,CA90639     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    BOISE STATE UNIVERSITY
    OFFICE OF FINANCIAL AID
    1910 UNIVERSITY DRIVE
    BOISE,ID83725     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    CENTRAL WASHINGTON UNIV
    OFFICE OF FINANCIAL AID
    400 E UNIVERSITY WAY
    ELLENSBURG,WA98926     		NONE PUBLIC SCHOLARSHIP 2,000
    COLUMBIA UNIVERSITY
    100 HAMILTON HALL MC 2802
    1130 AMSTERDAM AVE
    NEW YORK,NY10027     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CONCORDIA UNIVERSITY
    OFFICE OF FINANCIAL AID
    2811 NE HOLMAN ST
    PORTLAND,OR97211     		NONE UNIVERSITY SCHOLARSHIPS 16,000
    CORBAN UNIVERSITY
    5000 DEER PARK DR SE
    SALEM,OR97317     		NONE UNIVERSITY SCHOLARSHIPS 6,000
    CORNELL COLLEGE
    OFFICE OF FINANCIAL AID
    600 FIRST STREET WEST
    MT VERNON,IA52314     		NONE COLLEGE SCHOLARSHIPS 2,000
    EASTERN OREGON UNIV
    OFFICE OF FINANCIAL AID
    ONE UNIVERSITY BLVD
    LA GRANDE,OR97850     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    EASTERN WASHINGTON UNIV
    OFFICE OF FINANCIAL AID
    102 SUTTON HALL
    CHENEY,WA99004     		NONE UNIVERSITY SCHOLARSHIP 2,000
    GEORGE FOX UNIVERSITY
    OFFICE OF FINANCIAL AID
    414 N MERIDIAN ST 6129
    NEWBERG,OR97132     		NONE UNIVERSITY SCHOLARSHIPS 10,000
    GEORGE WASHINGTON UNIV
    COLONIAL CENTRAL/GROUND FLR
    800 21ST STREET NW
    WASHINGTON,DC20052     		NONE UNIVERSITY SCHOLARSHIP 2,000
    GONZAGA UNIVERSITY
    OFFICE OF FINANCIAL AID
    502 E BOONE AVE
    SPOKANE,WA99258     		NONE UNIVERSITY SCHOLARSHIPS 6,000
    HARDING UNIVERSITY
    OFFICE OF FINANCIAL AID
    BOX 12282
    SEARCY,AZ72149     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    LINFIELD COLLEGE
    OFFICE OF FINANCIAL AID
    900 SE BAKER ST
    MCMINNVILLE,OR97128     		NONE COLLEGE SCHOLARSHIPS 12,000
    MONTANA STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 174160
    BOZEMAN,MT59717     		NONE UNIVERSITY SCHOLARSHIP 2,000
    MT HOOD COMMUNITY COLLEGE
    OFFICE OF FINANCIAL AID
    26000 SE STARK ST
    GRESHAM,OR97030     		NONE COLLEGE SCHOLARSHIPS 70,000
    MULTNOMAH UNIVERSITY
    FINANCIAL AID OFFICE
    8435 NE GLISAN ST
    PORTLAND,OR97220     		NONE UNIVERSITY SCHOLARSHIP 2,000
    NORTHERN ARIZONA UNIV
    FINANCIAL AID OFFICE
    PO BOX 4108
    FLAGSTAFF,AZ86011     		NONE UNIVERSITY SCHOLARSHIP 2,000
    OREGON INSTITUTE OF TECHNOLOGY
    OFFICE OF FINANCIAL AID
    3201 CAMPUS DRIVE
    KLAMATH FALLS,OR97601     		NONE SCHOOL SCHOLARSHIP 2,000
    OREGON STATE UNIVERSITY
    OFFICE OF FINANCIAL AID
    218 KERR ADMIN BLDG
    CORVALLIS,OR97331     		NONE UNIVERSITY SCHOLARSHIPS 91,335
    PACIFIC LUTHERN UNIVERSITY
    OFFICE OF FINANCIAL AID
    12180 PARK AVE S
    TACOMA,WA98447     		NONE UNIVERSITY SCHOLARSHIP 2,000
    PACIFIC UNIVERSITY
    OFFICE OF FINANCIAL AID
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE UNIVERSITY SCHOLARSHIPS 8,000
    PENNSYLVANIA STATE UNIV
    OFFICE OF FINANCIAL AID
    314 SHIELDS BLDG
    UNIVERSITY PARK,PA16802     		NONE UNIVERSITY SCHOLARSHIP 2,000
    PORTLAND STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 851
    PORTLAND,OR97207     		NONE UNIVERSITY SCHOLARSHIPS 50,000
    REED COLLEGE
    3203 SE WOODSTOCK BLVD
    PORTLAND,OR97202     		NONE COLLEGE SCHOLARSHIPS 2,000
    SEATTLE PACIFIC UNIV
    OFFICE OF FINANCIAL AID
    3307 3RD AVE WEST
    SEATTLE,WA98119     		NONE UNIVERSITY SCHOLARSHIPS 8,000
    SHORELINE COMM COLLEGE
    FINANCIAL AID OFFICE
    16101 GREENWOOD AVE N
    SHORELINE,WA98133     		NONE COLLEGE SCHOLARSHIP 2,000
    SOUTHERN OREGON UNIV
    FINANCIAL AID OFFICE
    1250 SISKIYOU BLVD
    ASHLAND,OR97520     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    STANFORD UNIVERSITY
    OFFICE OF FINANCIAL AID
    355 GALVEZ ST
    STANFORD,CA94305     		NONE UNIVERSITY SCHOLARSHIPS 6,000
    UNIVERSITY OF ARKANSAS
    OFFICE OF FINANCIAL AID
    205 ADMINISTRATION
    FAYETTEVILLE,AR72701     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF DENVER
    OFFICE OF FINANCIAL AID
    2197 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF HAWAII MANOA
    OFFICE OF FINANCIAL AID
    2600 CAMPUS ROAD
    HONOLULU,HI96822     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF IOWA
    OFFICE OF FINANCIAL AID
    208 CALVIN HALL
    IOWA CITY,IA52242     		NONE PUBLIC SCHOLARSHIP 2,000
    UNIVERSITY OF PORTLAND
    OFFICE OF FINANCIAL AID
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE UNIVERSITY SCHOLARSHIPS 28,000
    UNIVERSITY OF OREGON
    OFFICE OF FINANCIAL AID
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE UNIVERSITY SCHOLARSHIPS 46,000
    VIRGINIA WESLEYAN COLLEGE
    OFFICE OF FINANCIAL AID
    1584 WESLEYAN DR
    NORFOLK,VA23502     		NONE COLLEGE SCHOLARSHIP 2,000
    WARNER PACIFIC COLLEGE
    OFFICE OF FINANCIAL AID
    2219 SE 68TH AVE
    PORTLAND,OR97215     		NONE COLLEGE SCHOLARSHIPS 5,000
    WESTERN OREGON UNIVERSITY
    OFFICE OF FINANCIAL AID
    345 N MONMOUTH AVE
    MONMOUTH,OR97361     		NONE UNIVERSITY SCHOLARSHIPS 40,667
    WHEATON COLLEGE
    OFFICE OF FINANCIAL AID
    501 COLLEGE AVE
    WHEATON,IL60187     		NONE COLLEGE SCHOLARSHIP 2,000
    WHITMAN COLLEGE
    OFFICE OF FINANCIAL AID
    345 BOYER AVE
    WALLA WALLA,WA99362     		NONE COLLEGE SCHOLARSHIPS 4,000
    WHITWORTH UNIVERSITY
    OFFICE OF FINANCIAL AID
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE UNIVERSITY SCHOLARSHIP 2,000
    WILLAMETTE UNIVERSITY
    OFFICE OF FINANCIAL AID
    900 STATE STREET
    SALEM,OR97301     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    SYRACUSE UNIVERSITY
    OFFICE OF FINANCIAL AID
    200 ARCHBOLD NORTH
    SYRACUSE,NY13244     		NONE UNIVERSITY SCHOLARSHIP 2,000
    AZUSA PACIFIC UNIVERSITY
    OFFICE OF FINANCIAL AID
    PO BOX 7000
    AZUSA,CA91702     		NONE UNIVERSITY SCHOLARSHIP 2,000
    BRIGHAM YOUNG UNIV
    OFFICE OF FINANCIAL AID
    A-41 ASB
    PROVO,UT84602     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CORNELL UNIVERSITY
    OFFICE OF FINANCIAL AID
    203 DAY HALL
    ITHACA,NY14853     		NONE UNIVERSITY SCHOLARSHIP 1,000
    NEW YORK UNIVERSITY
    OFFICE OF FINANCIAL AID
    726 BROADWAY 9TH FLOOR
    NEW YORK,NY10013     		NONE UNIVERSITY SCHOLARSHIP 2,000
    SEATTLE UNIVERSITY
    OFFICE OF FINANCIAL AID
    901 12TH AVE
    SEATTLE,WA98122     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF WASHINGTON
    FINANCIAL AID OFFICE
    BOX 355880
    SEATTLE,WA98195     		NONE UNIVERSITY SCHOLARSHIP 2,000
    THE BOSTON CONSERVATORY
    OFFICE OF FINANCIAL AID
    8 THE FENWAY
    BOSTON,MA02215     		NONE UNIVERSITY SCHOLARSHIP 2,000
    BROWN UNIVERSITY
    OFFICE OF FINANCIAL AID
    164 ANGELL ST
    PROVIDENCE,RI02912     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CALIFORNIA STATE UNIVERSITY
    EAST BAY
    25800 CARLOS BEE BLVD
    HAYWARD,CA94542     		NONE UNIVERSITY SCHOLARSHIP 2,000
    NORTHWEST UNIVERSITY
    OFFICE OF FINANCIAL AID
    PO BOX 579
    KIRKLAND,WA98083     		NONE UNIVERSITY SCHOLARSHIP 2,000
    PHAGANS SCHOOL OF BEAUTY
    OFFICE OF FINANCIAL AID
    1542 NE WEIDLER
    PORTLAND,OR97232     		NONE SCHOOL SCHOLARSHIP 2,000
    UNIVERSITY OF COLORADO DENVER
    OFFICE OF FINANCIAL AID
    PO BOX 1733664
    DENVER,CO80217     		NONE UNIVERSITY SCHOLARSHIP 2,000
    Total .................................bullet 3a 494,002
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 200,729  
    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 70,117  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   270,846  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13270,846
    (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:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMER CENT DIVERSIFIED BOND 603,354 582,680
    NUVEEN HIGH INCOME BOND FD 424,283 462,335
    T ROWE PRICE INTL BOND FD #76 610,664 588,996
    DRIEHAUS ACTIVE INCOME FD #640 538,916 558,524
    NUVEEN INFLATION PRO SEC 394,906 379,720
    PIMCO TOTAL RETURN FUND #35 831,047 809,462

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SONOVA HLDG UNSPON ADR 11,977 13,639
    ABAXIS INC 16,059 16,335
    ABBOTT LABORATORIES 10,648 12,527
    AMERICAN EXPRESS CO 21,339 26,410
    AMERISOURCESBERGEN CORP 17,380 25,522
    ANSYS INC 17,160 20,918
    APPLE INC 70,558 52,041
    APTAR GROUP INC 9,160 10,160
    ATHENAHEALTH INC 2,332 3,135
    ATT INC 10,850 10,687
    BEACON ROOFING SUPPLY INC 10,355 16,112
    BERKSHIRE HATHAWAY INC 59,652 82,615
    BLACKROCK INC 13,219 21,711
    BUCKLE INC 8,901 12,987
    CABOT MICROELECTRONICS CORP 4,139 5,103
    CACI INTERNATIONAL INC 9,231 10,757
    CATERPILLAR INC    
    CEPHEID INC    
    CHEMED CORP 7,719 8,753
    CHEVRON CORP 22,315 26,437
    CHURCH AND DWIGHT CO INC 9,310 10,447
    COCA COLA COMPANY 431 441
    COCA COLA ENTERPRISES INC 15,105 19,896
    COGNIZANT TECH SOLUTIONS 34,034 40,756
    CONCUR TECHNOLOGIES INC 1,703 2,222
    COSTAR GROUP INC 5,750 10,645
    CULLEN FROST BANKERS INC 14,189 17,578
    CUMMINS INC 34,627 41,932
    DIGI INTERNATIONAL INC    
    DONALDSON CO INC 9,597 10,259
    DRESSER RAND GROUP INC 9,187 11,931
    E M C CORPORATION 16,427 16,919
    EATON CORP PLC 16,103 21,375
    ECHO GLOBAL LOGISTICS INC    
    EMERSON ELEC CO 14,284 19,086
    ENERGEN CORP    
    EQUITABLE CORP 20,038 31,572
    EXPEDITORS INTL WASH INC    
    EXPRESS SCRIPTS HLDGS 29,203 34,938
    F M C CORPORATION 10,796 13,034
    FASTENAL CO 12,991 15,395
    FIDELITY NATL INFO SVCS INC 15,430 19,206
    FISERV INC 5,973 7,892
    FORRESTER RESH INC 16,212 19,364
    FOSSIL GROUP INC 9,034 13,957
    GENTEX CORP    
    GILEAD SCIENCES INC 33,211 78,960
    GOOGLE INC 32,946 48,826
    GRAINGER W W INC 8,871 12,058
    HAIN CELESTIAL GROUP INC 9,227 12,038
    HEXEL CORP NEW 9,307 12,288
    HMS HLDGS CORP    
    HORMEL FOODS CORP 11,122 15,458
    IDEXX LABS INC 97 98
    IHS INC    
    INFORMATICA CORP    
    INNERWORKINGS INC    
    INTL BUSINESS MACHINES CORP 16,304 16,188
    IPC THE HOSPITALIST CO INC    
    ITC HLDGS CORP 12,203 15,876
    J P MORGAN CHASE CO 17,112 27,531
    KINDER MORGAN INC 14,306 16,237
    KINDER MORGAN MGMT LLC 6,828 7,693
    KIRBY CORP 9,209 16,301
    LINCOLN ELEC HLDGS INC 9,615 12,812
    LINEAR TECHNOLOGY CORP 8,629 10,990
    LKQ CORP 11,702 17,780
    LORILLARD INC 15,083 14,162
    M D U RES GROUP INC 10,335 13,067
    MAXIMUS INC 11,908 16,924
    MCCORMICK CO INC 18,568 21,626
    MEDNAX INC 6,415 9,157
    MICROCHIP TECHNOLOGY INC 20,927 25,513
    MICROS SYS INC 9,283 8,723
    MICROSOFT CORP 13,740 13,596
    MOBILE MINI INC 5,167 12,424
    MOTOROLA SOLUTIONS INC 18,191 20,616
    MYLAN INC 9,176 14,062
    NATIONAL INSTRS CORP 9,181 9,472
    NATIONAL OILWELL VARCO INC 16,525 17,192
    NETGEAR INC    
    NY COMMUNITY BANCORP INC 17,464 20,601
    NEXTERA ENERGY INC 23,378 29,447
    O REILLY AUTOMOTIVE INC 9,634 13,908
    OIL STATES INTL INC 9,074 12,834
    ONEOK INC    
    PACCAR INC 9,811 14,236
    PANERA BREAD COMPANY 9,417 11,202
    PATTERSON COMPANIES INC 7,181 8,342
    PERRIGO CO 14,752 15,549
    PETSMART INC 9,332 10,031
    PFIZER INC 22,425 28,762
    PHILIP MORRIS INTL 13,597 13,645
    PORTFOLIO RECOVERY ASSOC 7,054 11,795
    POWER INTEGRATIONS INC 4,680 6,618
    PROCTER & GAMBLE CO 13,842 18,068
    QUALCOMM INC 66,859 76,119
    QUESTCOR PHARMACEUTICALS INC    
    ROCKWOOD HLDGS INC 2,901 4,470
    ROLLINS INC 5,474 6,171
    ROPER INDS INC 10,748 13,604
    ROSS STORES INC 11,596 11,811
    SCHWAB CHARLES CORP 34,173 58,428
    SEMTECH CORP 8,388 10,104
    SIGMA ALDRICH CORP 9,732 10,946
    SIGNATURE BK 8,446 12,542
    SKYWORKS SOLUTIONS INC 9,182 7,956
    SOLARWINDS INC    
    SOUTHERN COPPER CORP 11,544 9,646
    STERICYCLE INC 32,713 40,811
    T ROWE PRICE GROUP INC 7,093 8,502
    TECHNE CORP 8,077 7,964
    TERDATA CORP 10,709 8,868
    TIME WARNER CABLE INC 15,225 21,103
    ULTA SALON COSMETICS & FRAG    
    ULTIMATE SOFTWARE GROUP INC    
    UNION PACIFIC CORP 17,434 23,313
    UNITED NAT FOODS INC    
    V F CORP 28,248 41,173
    VARIAN MED SYS INC 32,806 38,643
    VERISK ANALYTICS INC 33,256 42,671
    VISA INC 28,568 39,827
    WABTEC CORP 9,420 13,934
    WATERS CORP 9,229 11,608
    WELLS FARGO CO 18,010 23,534
    WHOLE FOODS MKT    
    YUM BRANDS INC 1,949 2,188
    ACCENTURE PLC 15,258 18,526
    ADIDAS AG A D R 14,284 21,772
    AGRIUM INC 2,677 2,465
    AIA GROUP LTD ADR 15,063 20,250
    AIR LIQUIDE S A A D R 27,468 32,165
    ALLIANZ SE A D R 14,489 22,845
    AMADEUS IT HLDG UNSP A D R 14,134 24,109
    AMERICA MOVIL A D R 86 84
    ANHEUSER BUSCH INBEV NV A D R 15,003 18,281
    ARM HLDGS PLC A D R 21,329 35,252
    ASAHI KASEI CORP A D R 15,064 17,966
    ATLAS COPCO AB SPONS A D R 12,084 14,471
    AU OPTRONICS CORP A D R    
    B G GROUP P L C A D R 2,566 2,734
    BOMBARDIER INC    
    BUNGE LIMITED 8,069 9,653
    CANADIAN NATL RY CO 13,906 16,277
    CANON INC SPONS A D R    
    COCHLEAR LTD UNSPON A D R    
    CORE LABORATORIES N V 8,999 11,669
    CSL LIMITED A D R 10,653 15,772
    DAIMLER AG 14,038 21,383
    DASSAULT SYSTEMES SA A D R 24,495 34,234
    DBS GROUP HLDGS LTD 26,448 31,392
    DEUTSCHE BOERSE AG UNSPN A D R 16,482 21,790
    DEUTSCHE POST AG A D R 11,413 18,148
    DEUTSCHE TELEKOM AG A D R 6,936 7,814
    DIAGEO PLC SPONSORED A D R 14,495 17,672
    ERSTE GROUP BANK AG A D R 12,586 20,241
    EUROPEAN AERO DEFENSE SPACE CO 14,789 25,076
    FANUC CORPORATION A D R 13,118 11,729
    FRESENIUS MED CARE 6,914 6,732
    GEA GROUP AG SPON A D R 14,759 22,133
    HEINEKEN N V A D R 14,758 19,815
    HOYA CORP A D R    
    HSBC HOLDINGS PLC SPONS A D R 7,410 9,534
    I C I C I BANK LIMITED A D R 14,899 14,587
    IMPERIAL OIL LTD 9,012 9,060
    ITAU UNIBANCO HLDGS SA A D R 15,073 13,209
    JGC CORP UNSPONSORED A D R 2,277 2,173
    JULIUS BAER GROUP LTD A D R 13,320 16,724
    KAO CORP A D R 14,628 16,987
    KOMATSU LTD A D R 8,214 7,400
    LI FUNG LTD A D R    
    LONZA GROUP AG UNSPON A D R 7,045 12,658
    LOREAL CO UNSPONSORED ADR 16,643 24,000
    LVMH MOET HENNESSY LOU VUITT 14,264 16,485
    MARKS & SPENCER PLC A D R 14,993 21,192
    MTN GROUP LTD A D R 8,253 8,624
    NESTLE SA SPONSORED A D R 29,754 33,648
    NISSAN MTR LTD ADR 9,480 10,534
    NOKIAN TYRES OYJ UNSPON A D R 11,195 12,476
    NOVARTIS AG A D R 8,953 11,243
    NOVO NORDISK AS A D R 16,976 19,426
    OAO GAZPROM SPON A D R 5,510 4,437
    PETROLEO BRASILEIRO SPON ADR 1,935 1,650
    PORSCHE AUTOMOBIL HLDG SE ADR 13,887 22,777
    QIAGEN NV 16,725 20,378
    REPSOL SA SPONSORED ADR 14,098 21,014
    RIO TINTO PLC A D R    
    RITCHIE BROS AUCTIONEERS INC    
    ROCHE HLDG LTD A D R 40,955 58,612
    ROYAL DUTCH SHELL A D R 12,909 12,969
    ROYAL DUTCH SHELL PLC A D R 19,791 19,890
    SAFRAN SA UNSPON A D R 9,609 15,833
    SAIPEM SPA UNSPON A D R    
    SAP AG A D R 41,297 50,950
    SASOL LTD SPONSORED A D R 7,055 7,562
    SCHUMBERGER LTD 63,284 77,751
    SCHNEIDER ELECT SA UNSP A D R 14,864 21,423
    SEADRILL LIMITED 18,638 22,066
    SECOM COMPANY LIMITED A D R 15,152 17,943
    SILICONWARE PRECISION IND CO 7,199 7,444
    SINGAPORE TELECOMMUNICATIONS 14,927 17,365
    SONY FINANCIAL HOLD A D R 9,360 9,387
    SUNCOR ENERGY INC 13,076 13,727
    SWATCH GROUP AG A D R 11,593 17,416
    SWISS RE LTD SPN A D R 15,046 19,287
    SYNGENTA A G A D R 15,200 17,705
    SYSMEX CORP UNSPON A D R 8,441 13,405
    TAIWAN SEMICONDUCTOR A D R 9,042 11,224
    TECHNIP-COFLEXIP A D R 4,083 4,367
    TESCO PLC A D R 31,790 35,742
    TEVA PHARMACEUTICAL INDS LTD 39,070 39,581
    TOKYO ELECTRON LTD ADR 8,367 7,558
    TOTO LTD 14,668 21,432
    TURKIYE GARANTI BANKASI AS ADR 14,319 14,356
    UNI CHARM CORPORATION A D R 20,281 19,091
    UNILEVER N V A D R 14,841 17,724
    UNILEVER PLC SPSD ADR 8,572 10,279
    VODAFONE GROUP PLC A D R 5,735 6,049
    WPP PLCSPONSORED A D R 18,371 26,577
    ABERDEEN FDS EMRGN MKT    
    IPATH DOW JONES UBS COMMODITY 220,484 189,602
    NUVEEN REAL ESTATE SECS 235,706 287,721
    PYXIS LONG SHORT EQUITY    
    HIGHLAND LONG SHORT EQ FND 456,192 479,587
    AAON INC 10,414 13,999
    AARONS INC 7,293 7,108
    ABBVIE INC 11,547 15,554
    ALLIANCE DATE SYSTEMS 6,455 7,120
    APOGEE ENTERPRISES 929 990
    ASTEC INDUSTRIES 544 525
    ASTRONICS CORP 3,646 5,176
    ATRION CORP 1,867 2,170
    BADGER METER 892 953
    BALCHEM 3,335 4,329
    BLACKBAUD 5,063 6,351
    C J ENERGY SERVICES 4,572 4,605
    CABELAS INC 4,727 6,452
    CAL MAINE FOODS 6,252 7,602
    CARBO CERAMICS 7,928 10,455
    CINTAS CORP 1,464 1,520
    COACH INC 18,138 19,871
    COHEN & STEERS 2,704 2,784
    COMPUTER PROGRAMS & SYSTEMS 20,700 22,240
    COOPER COS 10,078 10,570
    COPART INC 8,692 8,062
    CPI AEROSTRUCTURES 1,215 1,379
    CUBIC CORP 3,717 4,246
    CVS CAREMARK 6,524 7,317
    DAWSON GEOPHYSICAL 39 36
    DRIL QUIP 7,102 7,364
    EAGLE MATERIALS 2,429 2,497
    EQUIFAX 59 63
    F E I CO 6,361 7,668
    FACTSET RESEARCH SYSTEMS 8,491 9,062
    FAMILY DOLLAR STORES 14,010 17,534
    FIRST LONG ISLAND CORP 579 684
    FLIR SYSTEMS 14,998 18,086
    FLOWERS FOODS 11,050 13,569
    FOSTER L B CO 11,989 12,503
    KINDER MORAN MGMT LLC FRAC 53 60
    GORMAN RUPP 15,273 17,921
    GRAHAM CORP 3,479 4,642
    GRANITE CONSTRUCTION 18,740 15,367
    GULF IS FABRICATION 3,602 3,611
    GULFMARK OFFSHORE 8,769 10,540
    H E I C O CORP 4,774 5,349
    HARDINGE 6,342 7,546
    HARRIS TEETER SUPERMARKETS 5,906 6,934
    HAWKINS INC 4,580 4,573
    HEARTLAND EXPRESS 7,870 8,346
    HIBBETT SPORTS 14,101 15,953
    HITTITE MICROWAVE 16,452 15,620
    HUBBELL INC 3,052 3,435
    HUNT J B TRANS SVCS 4,769 5,020
    ICU MED 2,222 2,796
    INGREDION INC 9,912 9,811
    J & J SNACK FOODS 16,803 19,123
    JACK HENRY & ASSOCIATES 9,530 10,433
    JARDEN CORP 9,308 10,549
    JOHNSON OUTDOORS 3,686 4,279
    JOS A BANK CLOTHIERS 17,328 16,957
    K M G CHEMICALS 4,679 5,239
    L S I INDUSTRIES 386 432
    LAKELAND INDUSTRIES 1,091 957
    LOWES CO 15,146 17,208
    M F R I INC 3,277 4,217
    M T BANK CORP 4,215 4,324
    MARCUS CORP 679 686
    MARTEN TRANSPORTATION LTD 4,649 5,680
    ACCOR SA ADR 8,058 8,392
    ACE LTD 2,954 3,016
    ASTRAZENECA PLC SPSD ADR 37,010 41,337
    BAIDU COM INC ADR 7,704 11,246
    BANCO BILBAO VIZCAYA ARGEN ADR 2,949 3,298
    BAYERISCHE MOTOREN WERKE ADR 3,983 4,108
    BRITISH AMERN TOB PLC ADR 24,650 25,134
    CAPGEMINI SA ADR 9,511 10,607
    CHECK POINT SOFTWARE TECH LTD 12,570 14,136
    CITY TELECOM HK LTD ADR 2,072 1,900
    CLICKSOFTWARE TECHNOLOGIES 8,818 7,797
    COMPANHIA PARANAENSE ENER ADR 3,337 3,414
    COVINDIEN PLC 7,773 8,320
    DELHAIZE GROUP SPONS ADR 17,426 20,193
    DR REDDYS LABORATORIES LTD ADR 6,047 5,889
    FLY LEASING LTD ADR 36,382 38,194
    GIANT INTERACTIVE GROUP ADR 588 611
    GRUPO SIMEC ADR 3,209 2,700
    HIMAX TECHNOLOGIES INC ADR 1,111 2,344
    HONG KONG EXCHANGES ADR 2,351 2,430
    ICAP PLC ADR 6,260 7,161
    INDUSTRIAS BACHOCO SAB DE ADR 35,568 41,295
    INFINEON TECHNOLOGIES AG ADR 12,319 12,240
    KONINKLIJKE DSM NV ADR 1,967 2,038
    LG DISPLAY CO LTD ADR 8,160 8,475
    MELCO CROWN ENTERTAINMENT ADR 5,355 6,966
    MITSUBISHI ESTATE LTD ADR 8,939 9,920
    MITSUI & CO LTD SPSD ADR 8,108 8,314
    MIZUHO FNL GRP ADR 377 355
    NATIONAL GRID PLC SP ADR 26,107 28,544
    NIDEC CORPORATION ADR 13,760 15,940
    NIPPON TELEGRAPH TELE ADR 56,784 59,249
    NTT DOCOMO INC ADR 16,712 16,110
    ORIX CORP SPONS ADR 26,591 34,968
    POTASH CORP OF SASKATCHEWAN 41 29
    PT INDOSAT ADR 594 398
    SANOFI ADR 3,150 3,295
    SHIRE PLC ADR 1,906 2,187
    SMITH & NEPHEW PLC ADR 19,025 20,629
    SOFTWARD AG SPONSORED ADR 9,637 7,089
    SUMITOMO MITSUI FINL GROUP ADR 22,621 24,260
    TOTAL SA ADR 4,252 4,668
    TOYOTA MTR CORP ADR 34,305 40,471
    TRINITY BIOTECH PLC SPON ADR 2,229 2,532
    WACOAL HOLDINGS CORP ADR 7,311 7,273
    WNS HOLDINGS LTD ADR 5,259 6,230
    XINYI GLASS HOLDINGS LTS ADR 917 1,041
    XINYUAN REAL ESTATE CO LTD ADR 11,426 11,935
    MERCADOLIBRE INC 20,409 28,183
    MERIT MED SYS 2,336 2,208
    MINE SAFETY APPLIANCES CO 5,862 6,269
    MONARCH CASINO & RESORT 1,830 3,690
    MONRO MUFFLER BRAKE 25,128 27,405
    MONSTER BEVERAGE CORP 13,411 16,284
    MORNINGSTAR INC 13,573 14,710
    NATIONAL PRESTO INDS 5,674 5,561
    NVE CORP 14,799 13,287
    OCEANEERING INTERNATIONAL 9,532 11,839
    OLD DOMINION FGHT LINE 1,884 1,922
    OMEGA FLEX 4,264 4,989
    PACKAGING CORP AMERICA 50 54
    PHILLIPS 66 11,617 11,132
    POOL CORPORATION 16,199 18,209
    POWELL INDS 2,648 2,214
    PRICE SMART 12,070 14,838
    PRICELINE COM 14,666 18,389
    RAYMOND JAMES FINL 476 485
    RPC ENERGY SVCS 2,706 2,291
    SCANSOURCE 10,900 12,677
    SCHEIN HENRY 4,420 4,880
    SIFCO INDS 3,451 4,160
    SIRONA DENTAL SYSTEMS 16,010 15,956
    SMITH A O CORP 8,103 8,966
    SPAN AMERICA MEDICAL SYS 4,707 5,143
    STEPAN CO 64 60
    STURM RUGER & CO 29,147 27,622
    SUN HYDRAULICS CORP 5,871 6,384
    SYNALLOY CORP 4,292 4,888
    TEXAS ROADHOUSE 1,779 1,714
    THOR INDUSTRIES 51 54
    TIBCO SOFTWARE 6,393 7,164
    UNIT CORP 17,621 17,040
    UNITED THERAPEUTICS CORP 8,626 11,314
    UTAH MED PRODS 17,152 21,714
    VALUE LINE 825 751
    WEIS MKTS 2,217 2,712
    WERNER ENTERPRISES 2,259 2,334
    WHIRLPOOL CORP 3,401 3,884
    WOLVERINE WORLD WIDE 4,117 4,313
    ZEP INC 1,381 1,308

    TY 2012 OtherDecreasesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Description Amount
    ADJUSTMENT FOR ROUNDING 12


    TY 2012 OtherExpensesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE CHARITABLE FILING FEE 1,059 0   1,059
    WEBSITE MAINTENANCE 2,776 0   2,776
    WEBSITE DESIGN 1,225 0   1,225
    ADR FEES 1,679 0   1,679


    TY 2012 OtherIncreasesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Description Amount
    RETURNED SCHOLARSHIPS P/Y 848


    TY 2012 TaxesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,233 5,233   0
    FEDERAL TAX PAYMENT - PRIOR YE 10,503 0   0
    FEDERAL ESTIMATES - PRINCIPAL 12,676 0   0
    FOREIGN TAXES ON QUALIFIED FOR 697 697   0