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 11-01-2012 , and ending 10-31-2013
Name of foundation
PREPIORA STEPHANIE ENDOWMENT FD 60361300
 

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

45-6085277
B Telephone number (see instructions)

(701) 795-6162
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$390,061J 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...... 8,109 8,109  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 52,249
b Gross sales price for all assets on line 6a 305,855
7 Capital gain net income (from Part IV, line 2)... 52,249
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 70    
12 Total. Add lines 1 through 11........ 60,428 60,358  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,650 8,520   2,130
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 171 171   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,821 8,691 0 2,130
25 Contributions, gifts, grants paid........ 15,572 15,572
26 Total expenses and disbursements. Add lines 24 and 25 26,393 8,691 0 17,702
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 34,035
b Net investment income (if negative, enter -0-) 51,667
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.......... 5,016 6,186 6,186
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 213,701 Click to see attachment232,993 266,653
c Investments—corporate bonds (attach schedule)........ 104,307 Click to see attachment117,874 117,222
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) 323,024 357,053 390,061
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 323,024 357,053
30 Total net assets or fund balances (see page 17 of the
instructions).................... 323,024 357,053
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 323,024 357,053
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)............... 1 323,024
2 Enter amount from Part I, line 27a..................... 2 34,035
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 357,059
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 6
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 357,053
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 11.34 ABERDEEN FDS EMRGN P 2011-06-16 2012-12-05
b 30.544 INV BALANCE RISK COMM STR Y P 2011-06-16 2012-12-05
c 673.364 AMERICAN CENT EQUITY INCOME CL INST P 2011-11-29 2012-12-05
d 693.975 AMERICAN CENT EQUITY INCOME CL INST P 2011-11-29 2012-12-05
e 24.953 AMERICAN CENT SMALL CAP VALU INS P 2011-11-29 2012-12-05
190.05 BLACKROCK CAPITAL APPREC BR P 2012-02-07 2012-12-05
195.324 BLACKROCK CAPITAL APPREC BR P 2012-02-07 2012-12-05
45.35 CREDIT SUISSE COMM RET ST CO P 2012-02-07 2012-12-05
46.315 CREDIT SUISSE COMM RET ST CO P 2012-02-07 2012-12-05
4.838 NEUBERGER BERMAN GENESIS INSTL FD P 2011-06-16 2012-12-05
2.113 NEUBERGER BERMAN GENESIS INSTL FD P 2011-06-16 2012-12-05
6.489 NEUBERGER BERMAN GENESIS INSTL FD P 2011-06-16 2012-12-05
6.948 NEUBERGER BERMAN GENESIS INSTL FD P 2011-06-16 2012-12-05
259.345 NUVEEN NWQ LARGE CAP VALUE I P 2012-02-07 2012-12-05
294.271 NUVEEN NWQ LARGE CAP VALUE I P 2012-02-07 2012-12-05
112.011 NUVEEN SMALL CAP VALUE FUND CL I P 2010-10-04 2012-12-05
56.385 NUVEEN SMALL CAP VALUE FUND CL I P 2009-07-28 2012-12-05
597.221 NUVEEN CORE PLUS BOND I P 2011-10-28 2012-12-05
35.781 NUVEEN FUNDS CORE BD FD I P 2011-06-16 2012-12-05
147.126 NUVEEN MID CAP VALUE FUND CL I P 2009-07-28 2012-12-05
11.404 NUVEEN MID CAP VALUE FUND CL I P 2004-04-02 2012-12-05
129.968 NUVEEN MID CAP VALUE FUND CL I P 2009-07-28 2012-12-05
126.396 NUVEEN MID CAP VALUE FUND CL I P 2009-07-28 2012-12-05
526.273 NUVEEN DIVIDEND VALUE FUND CLASS I P 2009-12-01 2012-12-05
558.578 NUVEEN DIVIDEND VALUE FUND CLASS I P 2009-07-28 2012-12-05
295.394 NUVEEN DIVIDEND VALUE FUND CLASS I P 2009-07-28 2012-12-05
271.985 NUVEEN DIVIDEND VALUE FUND CLASS I P 2009-07-28 2012-12-05
271.168 NUVEEN DIVIDEND VALUE FUND CLASS I P 2009-07-28 2012-12-05
21.038 NUVEEN INFLATION PRO SEC CL I P 2011-10-28 2012-12-05
869.478 NUVEEN INTL SELECT FD CL I P 2009-07-28 2012-12-05
167.929 NUVEEN INTL SELECT FD CL I P 2009-07-28 2012-12-05
332.048 NUVEEN INTL SELECT FD CL I P 2009-07-28 2012-12-05
1158.36 NUVEEN INTL SELECT FD CL I P 2009-07-28 2012-12-05
1190.504 NUVEEN INTL SELECT FD CL I P 2009-07-28 2012-12-05
298.652 NUVEEN QUANTITATI REFER TO 67065W142 P 2009-07-28 2012-12-05
395.122 NUVEEN QUANTITATI REFER TO 67065W142 P 2009-07-28 2012-12-05
208.953 NUVEEN QUANTITATI REFER TO 67065W142 P 2009-07-28 2012-12-05
8.785 NUVEEN LARGE CAP GRWTH OPP CL I P 2011-12-15 2012-12-05
213.753 NUVEEN LARGE CAP GRWTH OPP CL I P 2009-12-01 2012-12-05
255.105 NUVEEN LARGE CAP GRWTH OPP CL I P 2008-12-31 2012-12-05
11.541 NUVEEN LARGE CAP GRWTH OPP CL I P 2011-12-15 2012-12-05
5.565 NUVEEN LARGE CAP GRWTH OPP CL I P 2011-12-15 2012-12-05
123.341 NUVEEN LARGE CAP GRWTH OPP CL I P 2008-12-31 2012-12-05
161.883 T ROWE PRICE INTL BOND FUND P 2011-06-16 2012-12-05
294.456 T ROWE PRICE INTL BOND FUND P 2011-10-28 2012-12-05
300.676 T ROWE PRICE INTL BOND FUND P 2011-06-16 2012-12-05
279.412 T ROWE PRICE INTL BOND FUND P 2011-11-29 2012-12-05
287.545 T ROWE PRICE INTL BOND FUND P 2011-11-29 2012-12-05
6.999 T ROWE PRICE MID CAP VALUE FD INC P 2011-10-21 2012-12-05
51. SPDR DJ WILSHIRE INTERNATIONAL P 2011-06-16 2012-12-05
27. SPDR DJ WILSHIRE INTERNATIONAL P 2011-06-16 2012-12-05
38. SPDR DJ WILSHIRE INTERNATIONAL P 2011-11-29 2012-12-05
40. SPDR DJ WILSHIRE INTERNATIONAL P 2011-11-29 2012-12-05
405.656 NUVEEN CORE PLUS BOND I   2008-12-31 2013-08-08
767.083 NUVEEN CORE PLUS BOND I   2008-12-31 2013-08-08
576.576 NUVEEN CORE PLUS BOND I   2008-12-31 2013-08-08
24.929 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-08-08
31.567 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-08-08
37.869 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-08-08
80.385 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-08-08
23.116 NUVEEN MID CAP VALUE FUND CL I   2009-07-28 2013-08-08
13.591 NUVEEN INFLATION PRO SEC CL I   2012-12-05 2013-08-08
12.21 NUVEEN INFLATION PRO SEC CL I   2010-10-04 2013-08-08
34.418 NUVEEN INFLATION PRO SEC CL I   2011-11-29 2013-08-08
11.767 NUVEEN INFLATION PRO SEC CL I   2011-06-16 2013-08-08
35.934 NUVEEN INFLATION PRO SEC CL I   2011-10-28 2013-08-08
667.678 NUVEEN INTL SELECT FD CL I   2008-11-03 2013-08-08
1476.224 NUVEEN INTL SELECT FD CL I   2009-07-28 2013-08-08
46.834 AMERICAN CENT SMALL CAP VALU INS   2011-11-29 2013-08-09
36.783 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-08-09
18.476 AMERICAN CENT SMALL CAP VALU INS   2011-10-21 2013-08-09
32.185 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-08-09
23.939 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-08-09
.453 E I I INTL PPTY I   2012-12-05 2013-08-09
19.353 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-08-09
18.497 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-08-09
13.164 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-08-09
24.613 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-08-09
17.17 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-08-09
70.973 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-08-09
51.3 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-08-09
69.655 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-08-09
76.395 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-08-09
87.33 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-08-09
557.618 NUVEEN CORE PLUS BOND I   2008-12-31 2013-08-09
71.598 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-08-09
9.343 NUVEEN INFLATION PRO SEC CL I   2010-10-04 2013-08-09
22.723 NUVEEN INFLATION PRO SEC CL I   2011-11-29 2013-08-09
25.223 PIMCO TOTAL RETURN FUND INST   2012-12-05 2013-08-09
90.167 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-08-09
107.404 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-08-09
146.412 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-08-09
159.938 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-08-09
184.345 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-08-09
9.194 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-08-09
23.258 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-08-09
16.796 T ROWE PRICE MID CAP VALUE FD INC   2011-10-21 2013-08-09
30.867 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-08-09
266.239 TURNER SPECTRUM FUND INSTL   2012-02-07 2013-08-09
185.901 TURNER SPECTRUM FUND INSTL   2012-02-07 2013-08-09
273.218 TURNER SPECTRUM FUND INSTL   2012-02-07 2013-08-09
351.532 TURNER SPECTRUM FUND INSTL   2012-02-07 2013-08-09
273.627 TURNER SPECTRUM FUND INSTL   2012-02-07 2013-08-09
35.052 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-08-09
40.933 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-08-09
29.972 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-08-09
44.63 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-08-09
51.64 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-08-09
22.79 INV BALANCE RISK COMM STR Y   2011-06-16 2013-10-01
13.136 INV BALANCE RISK COMM STR Y   2011-06-16 2013-10-01
20.01 INV BALANCE RISK COMM STR Y   2011-06-16 2013-10-01
15.006 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-10-01
11.298 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-10-01
7.132 BLACKROCK EMERGING MKTS L S EQTY IS   2013-08-09 2013-10-01
5.114 BLACKROCK EMERGING MKTS L S EQTY IS   2013-08-09 2013-10-01
9.381 BLACKROCK EMERGING MKTS L S EQTY IS   2013-08-09 2013-10-01
14.295 CREDIT SUISSE COMM RET ST CO   2009-07-28 2013-10-01
19.453 CREDIT SUISSE COMM RET ST CO   2009-07-28 2013-10-01
6.275 EATON VANCE GLOBAL MACRO FD CL I   2012-12-05 2013-10-01
10.964 EATON VANCE GLOBAL MACRO FD CL I   2012-12-05 2013-10-01
1.268 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-10-01
2.425 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-10-01
3.413 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-10-01
6.175 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-10-01
7.533 NEUBERGER BERMAN LONG SH INS   2013-08-09 2013-10-01
9.832 NEUBERGER BERMAN LONG SH INS   2013-08-09 2013-10-01
18.121 NEUBERGER BERMAN LONG SH INS   2013-08-09 2013-10-01
4.194 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-10-01
5.272 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-10-01
3.851 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-10-01
6.874 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-10-01
6.872 NUVEEN REAL ESTATE SECS I   2013-08-09 2013-10-01
7.709 NUVEEN REAL ESTATE SECS I   2013-08-08 2013-10-01
5.835 NUVEEN REAL ESTATE SECS I   2012-12-05 2013-10-01
14.917 NUVEEN REAL ESTATE SECS I   2013-08-08 2013-10-01
35.74 NUVEEN CORE PLUS BOND I   2008-12-31 2013-10-01
15.657 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-10-01
11.622 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-10-01
15.218 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-10-01
11.092 NUVEEN INFLATION PRO SEC CL I   2010-10-04 2013-10-01
5.577 NUVEEN INFLATION PRO SEC CL I   2010-10-04 2013-10-01
14.61 NUVEEN INFLATION PRO SEC CL I   2010-10-04 2013-10-01
47.845 NUVEEN GLOBAL INFRASTR FD CL I   2013-08-08 2013-10-01
41.139 NUVEEN GLOBAL INFRASTR FD CL I   2013-08-08 2013-10-01
76.415 NUVEEN GLOBAL INFRASTR FD CL I   2013-08-08 2013-10-01
14.104 PIMCO TOTAL RETURN FUND INST   2013-08-09 2013-10-01
10.499 PIMCO TOTAL RETURN FUND INST   2013-08-09 2013-10-01
13.507 PIMCO TOTAL RETURN FUND INST   2013-08-09 2013-10-01
73.351 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-10-01
15.944 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-10-01
11.405 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-10-01
20.991 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-10-01
15.193 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-10-01
2.221 T ROWE PRICE MID CAP VALUE FD INC   2011-10-21 2013-10-01
5.71 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-10-01
7.558 T ROWE PRICE MID CAP VALUE FD INC   2012-12-05 2013-10-01
8.305 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-10-01
1.592 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-10-01
2.15 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-10-01
2.785 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-10-01
5.981 INV BALANCE RISK COMM STR Y   2011-06-16 2013-10-16
11.704 AMERICAN CENT SMALL CAP VALU INS   2012-12-05 2013-10-16
17.28 BLACKROCK EMERGING MKTS L S EQTY IS   2013-08-09 2013-10-16
8.974 CREDIT SUISSE COMM RET ST CO   2009-07-28 2013-10-16
2.105 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-16 2013-10-16
31.367 NEUBERGER BERMAN LONG SH INS   2013-08-09 2013-10-16
4.901 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-12-05 2013-10-16
13.629 NUVEEN FUNDS CORE BD FD I   2011-06-16 2013-10-16
6.353 NUVEEN MID CAP VALUE FUND CL I   2009-07-28 2013-10-16
49.15 NUVEEN GLOBAL INFRASTR FD CL I   2013-08-08 2013-10-16
12.76 PIMCO TOTAL RETURN FUND INST   2012-12-05 2013-10-16
18.743 RIVERPARK WEDGEWOOD FUND   2012-12-05 2013-10-16
1.97 VANGUARD EQUITY INCOME ADM   2012-12-05 2013-10-16
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 175   162 13
b 328   338 -10
c 5,320   4,666 654
d 5,482   4,809 673
e 217   197 20
4,668   4,493 175
4,797   4,617 180
375   385 -10
383   394 -11
245   231 14
107   101 6
328   310 18
352   331 21
4,562   4,715 -153
5,176   5,350 -174
1,479   931 548
744   461 283
7,161   6,233 928
389   376 13
3,471   2,646 825
269   226 43
3,066   2,415 651
2,982   2,326 656
7,773   6,570 1,203
8,250   5,804 2,446
4,363   3,069 1,294
4,017   2,826 1,191
4,005   2,817 1,188
255   242 13
7,912   5,952 1,960
1,528   1,325 203
3,022   2,587 435
10,541   8,140 2,401
10,834   9,774 1,060
7,000   5,098 1,902
9,262   6,745 2,517
4,898   3,567 1,331
314   271 43
7,642   5,442 2,200
9,120   6,425 2,695
413   355 58
199   171 28
4,409   2,815 1,594
1,645   1,663 -18
2,992   3,036 -44
3,055   3,088 -33
2,839   2,849 -10
2,921   2,932 -11
175   157 18
2,114   2,021 93
1,119   1,070 49
1,576   1,322 254
1,658   1,404 254
4,649   3,793 856
8,791   7,172 1,619
6,608   5,391 1,217
253   262 -9
320   332 -12
384   398 -14
814   845 -31
686   435 251
153   165 -12
138   130 8
388   387 1
133   125 8
405   413 -8
6,623   4,400 2,223
14,644   11,647 2,997
481   370 111
378   320 58
190   149 41
331   280 51
246   208 38
9   8 1
1,149   923 226
1,098   882 216
781   628 153
1,461   1,174 287
1,019   819 200
2,179   1,916 263
1,575   1,385 190
2,138   1,881 257
2,345   2,063 282
2,681   2,358 323
6,385   5,214 1,171
725   753 -28
105   99 6
256   264 -8
273   294 -21
1,444   1,237 207
1,721   1,474 247
2,346   2,009 337
2,562   2,194 368
2,953   2,529 424
265   230 35
670   583 87
484   378 106
889   774 115
3,003   2,995 8
2,097   2,091 6
3,082   3,074 8
3,965   3,955 10
3,087   3,078 9
2,111   1,777 334
2,465   2,075 390
1,805   1,520 285
2,688   2,263 425
3,110   2,618 492
206   252 -46
119   145 -26
181   222 -41
157   131 26
118   98 20
77   76 1
55   55  
101   100 1
104   115 -11
141   156 -15
59   62 -3
103   108 -5
78   60 18
150   116 34
211   163 48
382   295 87
93   91 2
121   119 2
223   219 4
128   113 15
161   142 19
117   104 13
210   186 24
148   152 -4
166   166  
126   124 2
322   321 1
407   334 73
158   165 -7
118   122 -4
154   160 -6
124   118 6
62   59 3
163   155 8
500   495 5
430   426 4
799   791 8
152   153 -1
113   114 -1
146   146  
1,199   1,006 193
261   219 42
186   156 30
343   288 55
443   381 62
65   50 15
167   143 24
221   189 32
495   421 74
95   81 14
128   109 19
166   141 25
55   66 -11
123   102 21
186   185 1
66   72 -6
131   100 31
386   380 6
151   132 19
138   143 -5
195   111 84
520   509 11
138   149 -11
313   257 56
119   100 19
      30
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       13
b       -10
c       654
d       673
e       20
      175
      180
      -10
      -11
      14
      6
      18
      21
      -153
      -174
      548
      283
      928
      13
      825
      43
      651
      656
      1,203
      2,446
      1,294
      1,191
      1,188
      13
      1,960
      203
      435
      2,401
      1,060
      1,902
      2,517
      1,331
      43
      2,200
      2,695
      58
      28
      1,594
      -18
      -44
      -33
      -10
      -11
      18
      93
      49
      254
      254
      856
      1,619
      1,217
      -9
      -12
      -14
      -31
      251
      -12
      8
      1
      8
      -8
      2,223
      2,997
      111
      58
      41
      51
      38
      1
      226
      216
      153
      287
      200
      263
      190
      257
      282
      323
      1,171
      -28
      6
      -8
      -21
      207
      247
      337
      368
      424
      35
      87
      106
      115
      8
      6
      8
      10
      9
      334
      390
      285
      425
      492
      -46
      -26
      -41
      26
      20
      1
       
      1
      -11
      -15
      -3
      -5
      18
      34
      48
      87
      2
      2
      4
      15
      19
      13
      24
      -4
       
      2
      1
      73
      -7
      -4
      -6
      6
      3
      8
      5
      4
      8
      -1
      -1
       
      193
      42
      30
      55
      62
      15
      24
      32
      74
      14
      19
      25
      -11
      21
      1
      -6
      31
      6
      19
      -5
      84
      11
      -11
      56
      19
       
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 52,249
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 20,021 375,614 0.053302
2010 18,019 398,526 0.045214
2009 16,833 370,267 0.045462
2008 22,178 327,657 0.067687
2007 24,740 448,158 0.055204
2 Total of line 1, column (d) ...................... 2 0.266869
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 0.053374
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 383,004
5 Multiply line 4 by line 3....................... 5 20,442
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 517
7 Add lines 5 and 6......................... 7 20,959
8 Enter qualifying distributions from Part XII, line 4.............. 8 17,702
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 1,033
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 1,033
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 1,033
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 128
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.............. 7 128
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 9 905
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11 0
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)
    bulletND
    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 NATIONAL ASSN Telephone no.bullet (701) 795-6162
    Located atbullet600 DEMERS AVEGRAND FORKSND ZIP+4bullet58102
    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
     
     
    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
     
    No
    .........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 NA TRUSTEE
    6     		10,650    
    505 2ND AVE N
    FARGO,ND58102
    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
    377,046
    b
    Average of monthly cash balances.......................
    1b
    11,791
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    388,837
    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
    388,837
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    383,004
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    19,150
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    19,150
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,033
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,033
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,117
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    18,117
    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
    18,117
    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
    17,702
    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
    17,702
    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
    17,702
    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 18,117
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 15,573
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 0
    e From 2011....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 17,702
    a Applied to 2011, but not more than line 2a 15,573
    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..... 2,129
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		15,988
    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) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 0
    d Excess from 2011.... 0
    e Excess from 2012.... 0
    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).)
    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
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    KAREN HORGE
    600 DEMERS AVE
    GRAND FORKS,ND58201
    (701) 795-6162
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM
    cAny submission deadlines:
    NONE SCHOLARSHIPS TO STUDENTS AT THE UNIVERSITY OF ND
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    IN THE FIELD OF VISUAL ARTS
    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
    SARAH SCHUSTER
    6055 COUNTY RD 4
    MINTO,ND58261     		NONE N/A SCHOLARSHIP 1,567
    KRISTINA SCHUSTER
    6055 COUNTY RD 4
    MINTO,ND58261     		NONE N/A SCHOLARSHIP 1,567
    SALVATION ARMY
    ATTN TRACY HORNING JD
    2445 PRIOR AVENUE
    ROSEVILLE,MN55116     		NONE PUBLIC GENERAL SUPPORT 2,168
    DIOCESE OF FARGO
    P O BOX 1750
    FARGO,ND58107     		NONE CHURCH GENERAL FUNDING 3,149
    WALSH COUNTY HISTORICAL
    MUSEUM
    P O BOX 312
    MINOT,ND58261     		NONE PUBLIC GENERAL SUPPORT 4,058
    SACRED HEART CATH CHURCH
    CEM ASSOC
    5201 BISHOPS BLVD SUITE A
    FARGO,ND58104     		NONE PUBLIC UPKEEP 3,063
    Total .................................bullet 3a 15,572
    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     14    
    4 Dividends and interest from securities....     14 8,109  
    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 52,249  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL TAX REFUND     1 70  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   60,428  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1360,428
    (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 InvestmentsCorpBondsSchedule
    Name:
    PREPIORA STEPHANIE ENDOWMENT FD 60361300
    EIN: 45-6085277
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN CORE BOND FD 28,662 30,189
    CREDIT SUISSE COMM RET ST CO 10,283 9,454
    NUVEEN INTERMD TERM BD FD    
    NUVEEN INFLATION PRO SEC 10,701 11,246
    INV BALANCE RISK COMM STR    
    T ROWE PRICE INTL BOND FUND 11,538 11,658
    EATON VANCE GLOBAL MACRO 15,179 14,657
    INV BALANCE RISK COMM STR 10,632 9,383
    PIMCO TOTAL RETURN FUND INST 30,879 30,635

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    PREPIORA STEPHANIE ENDOWMENT FD 60361300
    EIN: 45-6085277
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NUVEEN LARGE CAP GROWTH    
    BLACKROCK EMERGING MKTS 7,488 7,571
    AMERICAN CENT EQUITY INCOME CL    
    NUVEEN REAL ESTATE 14,325 18,585
    BLACKROCK CAPITAL APPREC BR    
    NUVEEN MID CAP VALUE 1,117 2,029
    NUVEEN SMALL CAP VALUE    
    NUVEEN INTL SELECT    
    LAUDUS INTL MARKETMASTERS 12,890 14,733
    NUVEEN INC QUANT LC    
    TURNER SPECTRUM FUND    
    ABERDEEN FDS EMRGN 38,121 40,597
    AMERICAN CENT SMALL CAP VALU 3,886 4,920
    NEUBERGER BERMAN GENESIS INSTL 11,862 15,801
    T ROWE PRICE MID CAP VALUE 6,751 8,270
    SCOUT INTERNATIONAL FUND 33,535 35,900
    SPDR DJ WILSHIRE INTERNATIONAL    
    E I I INTL PPTY I 10,875 12,151
    NUVEEN DIVIDEND VALUE FUND    
    NUVEEN NWQ LARGE CAP VALUE    
    NEUBERGER BERMAN LONG SH INS 14,411 14,851
    NUVEEN GLOBAL INFRASTR FD 17,202 18,485
    NUVEEN SANTA BARBARA DIV GROW 20,815 24,284
    RIVERPARK WEDGEWOOD FUND 19,725 24,168
    VANGUARD EQUITY INCOME 19,990 24,308

    TY 2012 OtherDecreasesSchedule
    Name:
    PREPIORA STEPHANIE ENDOWMENT FD 60361300
    EIN: 45-6085277
    Description Amount
    ROUNDING 6


    TY 2012 OtherIncomeSchedule2
    Name:
    PREPIORA STEPHANIE ENDOWMENT FD 60361300
    EIN: 45-6085277
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 70 0  


    TY 2012 TaxesSchedule
    Name:
    PREPIORA STEPHANIE ENDOWMENT FD 60361300
    EIN: 45-6085277
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES ON QUALIFIED FOR 155 155   0
    FOREIGN TAXES ON NONQUALIFIED 16 16   0