Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
MAIHAUGEN FOUNDATION INC AGENCY 1045001263
 

Number and street (or P.O. box number if mail is not delivered to street address)230 FRONT STREET NORTH   Room/suite
City or town, state, and ZIP code
LA CROSSE, WI54601
A Employer identification number

39-1857836
B Telephone number (see instructions)

(608) 782-1148
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$2,984,912J 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...... 78,201 78,201  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 53,079
b Gross sales price for all assets on line 6a 974,247
7 Capital gain net income (from Part IV, line 2)... 53,079
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........ 131,280 131,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,615 18,615    
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 900 0 0 900
c Other professional fees (attach schedule).... Click to see attachment 7,623 7,623   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 853 853   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 51     51
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,042 27,091 0 951
25 Contributions, gifts, grants paid........ 127,000 127,000
26 Total expenses and disbursements. Add lines 24 and 25 155,042 27,091 0 127,951
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,762
b Net investment income (if negative, enter -0-) 104,189
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............... 201,666 2,414 2,414
2 Savings and temporary cash investments..........   74,980 74,980
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)........      
c Investments—corporate bonds (attach schedule)........      
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) Click to see attachment2,602,953 Click to see attachment2,704,004 Click to see attachment2,907,518
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,804,619 2,781,398 2,984,912
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......... 2,804,619 2,781,398
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).................... 2,804,619 2,781,398
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,804,619 2,781,398
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 2,804,619
2 Enter amount from Part I, line 27a..................... 2 -23,762
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 541
4 Add lines 1, 2, and 3.......................... 4 2,781,398
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,781,398
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 .571 WALTER INVESTMENT MGMT CORP   2011-11-15 2012-01-25
b 13283.841 GOLDMAN SACHS HIGH YIELD FUND   2011-01-27 2012-03-02
c 11419.321 FEDERATED ULTRASHORT BOND INSTL   2011-01-27 2012-03-05
d 43. AGL RESOURCES INC   2011-12-12 2012-04-03
e 67. ABAXIS INC   2010-11-23 2012-04-03
28. ABERCROMBIE & FITCH CO CLASS A   2011-08-01 2012-04-03
31. ALLERGAN INC   2010-12-16 2012-04-03
59. ALLSTATE CORP   2010-11-23 2012-04-03
28. ANIXTER INTERNATIONAL INC   2010-12-16 2012-04-03
130. ANNALY CAPITAL MANAGEMENT INC   2011-10-10 2012-04-03
7. APPLE INC   2010-11-23 2012-04-03
101. ATMOS ENERGY CORP   2010-12-16 2012-04-03
23. BASF AG SPONSORED ADR   2011-06-21 2012-04-03
51. BASF AG SPONSORED ADR   2010-12-16 2012-04-03
66. BMC SOFTWARE   2011-05-24 2012-04-03
77. BEACON ROOFING SUPPLY INC   2010-11-23 2012-04-03
34. BEAM INC   2010-11-23 2012-04-03
119. BEMIS CO INC   2010-12-16 2012-04-03
162. BEST BUY CO INC   2010-11-23 2012-04-03
19. BLACKROCK INC   2011-02-03 2012-04-03
172. CBL & ASSOCIATES PROPERTIES INC   2010-11-23 2012-04-03
20. CF INDUSTRIES HOLDINGS INC   2010-11-23 2012-04-03
7. CME GROUP INC   2011-02-03 2012-04-03
16. CME GROUP INC   2010-11-23 2012-04-03
51. CARDINAL HEALTH INC   2011-02-03 2012-04-03
41. CARPENTER TECHNOLOGY CORP   2010-11-23 2012-04-03
11. CELGENE CORP   2010-11-23 2012-04-03
44. CELGENE CORP   2011-02-03 2012-04-03
51. CEPHEID INC   2010-11-23 2012-04-03
41. CHEVRONTEXACO CORP   2010-12-16 2012-04-03
46. CHICAGO BRIDGE & IRON CO NV   2011-02-03 2012-04-03
29. COCA COLA CO   2010-12-16 2012-04-03
79. CONAGRA INC   2011-08-01 2012-04-03
44. DBS GROUP HOLDINGS LTD ADR   2011-06-21 2012-04-03
100. DBS GROUP HOLDINGS LTD ADR   2010-12-16 2012-04-03
82. DEALERTRACK HOLDINGS INC   2010-11-23 2012-04-03
22. DOMTAR CORP   2010-12-16 2012-04-03
114. EMC CORP   2011-02-15 2012-04-03
84. ENERNOC INC   2010-11-23 2012-04-03
26. DELHAIZE GROUP SPONSORED ADR   2011-02-03 2012-04-03
27. DELHAIZE GROUP SPONSORED ADR   2011-06-21 2012-04-03
28. DELHAIZE GROUP SPONSORED ADR   2010-11-23 2012-04-03
55. EXPEDIA INC NEW   2011-05-24 2012-04-03
162. FASTENAL CO   2010-12-16 2012-04-03
82. FIRSTENERGY CORP   2011-10-10 2012-04-03
73. FOMENTO ECONOMICO MEXICANO ADR   2010-12-16 2012-04-03
56. FORRESTER RESEARCH INC   2011-02-15 2012-04-03
57. FORRESTER RESEARCH INC   2010-11-23 2012-04-03
85. FOSTER LB CO   2011-05-24 2012-04-03
42. GAMCO INVESTORS INC   2011-08-01 2012-04-03
34. GENESCO INC   2010-11-23 2012-04-03
49. GOODRICH CO   2011-10-10 2012-04-03
168. GOODRICH PETROLEUM CORP   2011-04-27 2012-04-03
4. GOOGLE INC   2011-02-03 2012-04-03
56. HUMANA INC   2010-11-23 2012-04-03
169. INNERWORKINGS INC   2010-11-23 2012-04-03
24. INTERNATIONAL BUSINESS MACHINES CORP   2010-12-16 2012-04-03
7. INTUITIVE SURGICAL INC   2010-11-23 2012-04-03
62. JOHNSON & JOHNSON CO   2011-10-10 2012-04-03
31. KOMATSU LTD SPONSORED ADR   2011-10-10 2012-04-03
142. KOMATSU LTD SPONSORED ADR   2010-12-16 2012-04-03
63. LKQ CORP   2010-12-16 2012-04-03
143. LINCOLN NATIONAL CORP   2011-02-15 2012-04-03
67. LINCOLN NATIONAL CORP   2011-04-27 2012-04-03
51. MC DONALDS CORP   2010-11-23 2012-04-03
88. MILLER HERMAN INC   2010-12-16 2012-04-03
48. MUELLER INDUSTRIES INC   2010-12-16 2012-04-03
56. NESTLE S A ADR   2010-12-16 2012-04-03
36. NEXTERA ENERGY INC   2010-12-16 2012-04-03
89. ORACLE CORP   2010-12-16 2012-04-03
26. PARKER HANNIFIN CORP   2011-04-27 2012-04-03
103. PARTNER COMMUNICATIONS CO LTD ADR   2011-02-15 2012-04-03
192. PARTNER COMMUNICATIONS CO LTD ADR   2010-12-16 2012-04-03
198. PARTNER COMMUNICATIONS CO LTD ADR   2011-10-10 2012-04-03
250. PFIZER INC   2010-12-16 2012-04-03
23. PHILLIP MORRIS INTL INC   2010-12-16 2012-04-03
637. PHOTRONICS INC   2011-10-10 2012-04-03
100. PIEDMONT NATURAL GAS CO   2010-12-16 2012-04-03
74. PINNACLE WEST CAPITAL CORP   2010-12-16 2012-04-03
58. POLARIS INDUSTRIES INC   2010-12-16 2012-04-03
67. POST PROPERTIES INC   2010-11-23 2012-04-03
97. T ROWE PRICE GROUP INC   2010-12-16 2012-04-03
32. T ROWE PRICE GROUP INC   2011-04-27 2012-04-03
36. RELIANCE STEEL & ALUMINUM CO   2010-12-16 2012-04-03
84. REYNOLDS AMERICAN INC   2011-10-10 2012-04-03
6. RITCHIE BROS AUCTIONEERS INC   2010-12-16 2012-04-03
78. RITCHIE BROS AUCTIONEERS INC   2011-02-15 2012-04-03
54. ST JUDE MEDICAL INC   2011-05-24 2012-04-03
21. SIEMENS AG SPONSORED ADR   2011-10-10 2012-04-03
35. SIEMENS AG SPONSORED ADR   2010-12-16 2012-04-03
78. SMUCKER JM CO   2010-12-16 2012-04-03
63. SOHU.COM INC   2011-06-21 2012-04-03
62. STARBUCKS CORP   2010-12-16 2012-04-03
107. SYMANTEC CORP   2011-06-21 2012-04-03
94. TJX COMPANIES INC   2010-12-16 2012-04-03
55. TRIPADVISOR INC   2011-05-24 2012-04-03
53. UNIFIRST CORP   2010-11-23 2012-04-03
114. VERIZON COMMUNICATIONS INC   2011-10-10 2012-04-03
61. VERINT SYSTEMS INC   2010-11-23 2012-04-03
61. ACCENTURE PLC   2010-12-16 2012-04-03
46. HERBALIFE LTD   2010-12-16 2012-04-03
184. WARNER CHILCOTT PLC A   2011-04-27 2012-04-03
91. TRANSOCEAN LTD   2010-12-16 2012-04-03
41. STEINER LEISURE LTD   2010-11-23 2012-04-03
.5 PHILLIPS 66   2010-11-23 2012-06-05
52. AT&T INC   2010-12-16 2012-09-24
206. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2010-11-23 2012-09-24
22. AMAZON.COM INC   2012-04-03 2012-09-24
57. AMGEN INC   2011-04-27 2012-09-24
282. ANGIODYNAMICS INC   2010-11-23 2012-09-24
63. ASHLAND INC   2010-11-23 2012-09-24
30. ATHENAHEALTH INC   2011-04-27 2012-09-24
35. BAIDU COM INC ADR   2011-10-10 2012-09-24
72. BECTON DICKINSON & CO   2010-12-16 2012-09-24
23. BIO RAD LABS INC CLASS A   2010-11-23 2012-09-24
64. BUNZL PLC   2012-04-03 2012-09-24
143. CBL & ASSOCIATES PROPERTIES INC   2010-11-23 2012-09-24
135. CMS ENERGY CORP   2011-06-21 2012-09-24
54. CVS CORP   2011-06-21 2012-09-24
37. CAPELLA EDUCATION CO   2010-11-23 2012-09-24
64. CENETENE CORP   2012-04-03 2012-09-24
60. CERNER CORP   2011-04-27 2012-09-24
80. CHURCH & DWIGHT CO INC   2012-04-03 2012-09-24
135. CISCO SYSTEMS INC   2012-04-03 2012-09-24
259. CISCO SYSTEMS INC   2011-08-01 2012-09-24
55. CLIFFS NAT RES INC   2012-04-03 2012-09-24
145. COMPANHIA DE BEDIDAS DAS AMERICAS   2010-12-16 2012-09-24
28. CONOCOPHILLIPS   2011-08-01 2012-09-24
10. CONOCOPHILLIPS   2010-11-23 2012-09-24
72. DEVON ENERGY CORP   2010-11-23 2012-09-24
100. EMERSON ELECTRIC CO   2010-12-16 2012-09-24
90. FIRST AMERICAN FINANCIAL CORP   2011-02-03 2012-09-24
56. FREEPORT MCMORAN COPPER & GOLD CL B   2010-11-23 2012-09-24
350. GT ADVANCED TECHNOLOGIES INC   2010-12-16 2012-09-24
70. GAYLORD ENTERTAINMENT CO   2010-11-23 2012-09-24
28. GENESCO INC   2010-11-23 2012-09-24
30. GILEAD SCIENCES INC   2012-04-03 2012-09-24
27. GOLDMAN SACHS GROUP INC   2011-08-01 2012-09-24
116. HANCOCK JOHN FINANCIAL OPPORTUNITIES FUN   2012-04-03 2012-09-24
45. HUMANA INC   2010-11-23 2012-09-24
131. INTEL CORP   2010-12-16 2012-09-24
121. JUNIPER NETWORKS INC   2011-10-10 2012-09-24
193. JUNIPER NETWORKS INC   2010-12-16 2012-09-24
49. KLA-TENCOR CORP   2011-06-21 2012-09-24
69. KOMATSU LTD SPONSORED ADR   2011-10-10 2012-09-24
143. LVMH MOET HENNESSY LOUIS VUITTON   2011-10-10 2012-09-24
108. MATTEL INC   2011-08-01 2012-09-24
172. MC DERMOTT INTERNATIONAL INC   2012-04-03 2012-09-24
152. MICROSOFT CORP   2010-12-16 2012-09-24
28. NACCO INDUSTRIES INC   2010-11-23 2012-09-24
42. NEWMONT MINING CORP   2011-08-01 2012-09-24
32. NIKE INC CLASS B   2012-04-03 2012-09-24
90. PAN AMERICAN SILVER CORP   2012-04-03 2012-09-24
142. PAN AMERICAN SILVER CORP   2011-02-03 2012-09-24
57. PHILLIPS 66   2010-11-23 2012-09-24
14. PHILLIPS 66   2011-08-01 2012-09-24
109. POTASH CORP OF SASKATCHWAN INC   2012-04-03 2012-09-24
444. PRECISION DRILLING CORP   2012-04-03 2012-09-24
66. QUALITY SYSTEMS INC   2010-11-23 2012-09-24
414. RF MICRO DEVICES INC   2012-04-03 2012-09-24
40. RAYTHEON CO   2011-05-24 2012-09-24
140. REDWOOD TRUST INC   2011-08-01 2012-09-24
150. RESOURCES CONNECTION INC   2012-04-03 2012-09-24
71. ST JUDE MEDICAL INC   2011-05-24 2012-09-24
87. SAN DISK CORP   2011-02-15 2012-09-24
41. SAP AKTIENGESELLSCHAFT PFD SPONS ADR   2012-04-03 2012-09-24
46. SCHLUMBERGER LTD   2010-11-23 2012-09-24
46. SHIRE PLC   2011-05-24 2012-09-24
58. SNAP-ON TOOLS CORP   2010-12-16 2012-09-24
26. STANLEY BLACK & DECKER INC   2012-04-03 2012-09-24
132. STARBUCKS CORP   2010-12-16 2012-09-24
58. TELENOR ASA   2010-11-23 2012-09-24
42. TELENOR ASA   2011-02-03 2012-09-24
56. TORO CO   2012-04-03 2012-09-24
32. ULTIMATE SOFTWARE GROUP INC   2010-11-23 2012-09-24
167. UNITED FINANCIAL BANCORP INC   2010-12-16 2012-09-24
114. VALE SA-SP   2011-04-27 2012-09-24
86. VALE SA-SP   2011-10-10 2012-09-24
101. WALGREEN CO   2011-10-10 2012-09-24
83. WALTER INVESTMENT MGMT CORP   2011-08-01 2012-09-24
92. YANZHOU COAL MINING LTD   2012-04-03 2012-09-24
153. YANZHOU COAL MINING LTD   2010-11-23 2012-09-24
5550.476 CALAMOS CONVERTIBLE FUND   2010-06-03 2012-09-27
96. QUEST SOFTWARE INC   2012-04-03 2012-09-28
34. ABBOTT LABORATORIES   2012-09-24 2012-11-27
36. BAXTER INTERNATIONAL INC   2011-10-10 2012-11-27
151. BOOZ ALLEN HAMILTON HOLDING CORP   2012-09-24 2012-11-27
90. CMS ENERGY CORP   2011-06-21 2012-11-27
60. CVS CORP   2011-10-10 2012-11-27
2. CANADIAN NATL RAILWAY CO   2010-11-23 2012-11-27
27. CANADIAN NATL RAILWAY CO   2011-08-01 2012-11-27
38. CHICAGO BRIDGE & IRON CO NV   2010-11-23 2012-11-27
13. CHICAGO BRIDGE & IRON CO NV   2011-02-03 2012-11-27
180. CHICOS FAS INC   2011-02-15 2012-11-27
217. CHINA SOUTHERN AIRLINES CO   2012-04-03 2012-11-27
121. CISCO SYSTEMS INC   2011-10-10 2012-11-27
103. COMMUNITY TRUST BANCORP INC   2010-12-16 2012-11-27
56. COVANCE INC   2010-11-23 2012-11-27
36. DEVON ENERGY CORP   2011-10-10 2012-11-27
58. DISCOVER FINANCIAL SERVICES   2011-10-10 2012-11-27
39. DU PONT (E I) DE NEMOURS & CO   2012-09-24 2012-11-27
121. DU PONT (E I) DE NEMOURS & CO   2011-05-24 2012-11-27
63. FORTUNE BRANDS HOME & SECURITY INC   2010-11-23 2012-11-27
81. HYATT HOTELS CORP CLASS A   2012-04-03 2012-11-27
150. LKQ CORP   2010-12-16 2012-11-27
560. LATTICE SEMICONDUCTOR CORP   2010-11-23 2012-11-27
5. MC DONALDS CORP   2010-11-23 2012-11-27
73. MC DONALDS CORP   2011-02-15 2012-11-27
220. NISSAN MOTOR CO LTD SPONSORED ADR   2010-12-16 2012-11-27
63. OCCIDENTAL PETROLEUM CORP   2010-11-23 2012-11-27
23. OCCIDENTAL PETROLEUM CORP   2011-10-10 2012-11-27
529. ON SEMICONDUCTOR CORP   2012-09-24 2012-11-27
55. PAPA JOHN'S INT'L INC   2010-12-16 2012-11-27
87. POOL CORP   2011-10-10 2012-11-27
41. PROCTER & GAMBLE CO   2010-12-16 2012-11-27
26. QUALCOMM INC   2010-12-16 2012-11-27
37. QUALCOMM INC   2011-02-03 2012-11-27
50. RYMAN HOSPITALITY PPTYS INC   2010-11-23 2012-11-27
18. SIMON PROPERTY GROUP   2011-06-21 2012-11-27
14. SIMON PROPERTY GROUP   2012-04-03 2012-11-27
104. SWIFT ENERGY CO   2010-11-23 2012-11-27
110. TERADATA CORP DEL   2011-10-10 2012-11-27
133. TIM PARTICIPACOES S A   2010-12-16 2012-11-27
117. TIM PARTICIPACOES S A   2012-09-24 2012-11-27
37. VMWARE INC   2012-04-03 2012-11-27
68. WALGREEN CO   2011-10-10 2012-11-27
85. WALTER INVESTMENT MGMT CORP   2011-10-10 2012-11-27
32. WATSON PHARMACEUTICALS   2010-12-16 2012-11-27
64. WISCONSIN ENERGY CORP   2011-10-10 2012-11-27
82. CHECK POINT SOFTWARE   2011-10-10 2012-11-27
38. CHECK POINT SOFTWARE   2010-12-16 2012-11-27
87. ASML HOLDING NV   2011-04-27 2012-11-28
.333 KRAFT FOODS GROUP INC   2010-12-16 2012-12-14
.985 ASML HOLDING NV   2012-11-28 2012-12-17
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 10   15 -5
b 95,511   100,667 -5,156
c 104,715   104,383 332
d 1,686   1,680 6
e 1,954   1,776 178
1,436   2,083 -647
2,939   2,100 839
1,926   1,753 173
2,012   1,661 351
2,049   2,064 -15
4,400   2,155 2,245
3,185   3,167 18
1,987   2,155 -168
4,406   4,026 380
2,674   3,566 -892
1,965   1,227 738
1,986   1,553 433
3,857   3,896 -39
3,804   7,165 -3,361
3,917   3,722 195
3,285   2,805 480
3,744   2,402 1,342
2,008   2,093 -85
4,590   4,510 80
2,148   2,156 -8
2,101   1,469 632
871   668 203
3,483   2,203 1,280
2,148   1,021 1,127
4,375   3,645 730
2,018   1,565 453
2,134   1,891 243
2,102   2,008 94
1,919   2,064 -145
4,361   4,256 105
2,478   1,499 979
2,170   1,686 484
3,379   3,085 294
594   1,998 -1,404
1,355   2,024 -669
1,407   2,087 -680
1,459   1,991 -532
1,824   1,514 310
8,614   4,281 4,333
3,737   3,722 15
6,168   4,042 2,126
1,813   1,982 -169
1,845   2,025 -180
2,414   3,003 -589
2,005   2,071 -66
2,522   1,304 1,218
6,133   5,913 220
3,053   3,697 -644
2,569   2,436 133
5,094   3,198 1,896
1,977   1,058 919
5,018   3,449 1,569
3,827   1,767 2,060
4,068   4,064 4
887   645 242
4,063   4,239 -176
1,976   1,446 530
3,684   4,523 -839
1,726   2,011 -285
5,055   4,028 1,027
1,978   2,194 -216
2,191   1,594 597
3,493   3,113 380
2,223   1,831 392
2,596   2,708 -112
2,208   2,439 -231
739   1,976 -1,237
1,377   3,836 -2,459
1,420   2,158 -738
5,614   4,309 1,305
2,038   1,368 670
4,183   4,484 -301
3,118   2,995 123
3,545   3,044 501
4,344   2,296 2,048
3,199   2,122 1,077
6,330   6,066 264
2,088   2,068 20
1,989   1,779 210
3,465   3,333 132
140   127 13
1,826   2,016 -190
2,346   2,678 -332
2,098   2,111 -13
3,497   4,123 -626
6,327   4,903 1,424
3,384   4,453 -1,069
3,510   2,030 1,480
1,969   2,042 -73
3,714   2,059 1,655
2,017   1,514 503
3,260   2,609 651
4,368   4,204 164
1,903   1,977 -74
3,950   2,840 1,110
3,236   1,571 1,665
3,082   4,374 -1,292
4,839   6,090 -1,251
2,032   1,622 410
15   15  
1,986   1,523 463
2,254   3,586 -1,332
5,605   4,410 1,195
4,730   3,238 1,492
3,514   3,965 -451
4,621   3,213 1,408
2,671   1,355 1,316
3,951   4,368 -417
5,692   5,866 -174
2,482   2,152 330
5,688   5,270 418
3,177   2,332 845
3,152   2,686 466
2,593   2,044 549
1,345   2,005 -660
2,363   3,208 -845
4,460   3,349 1,111
4,320   3,982 338
2,524   2,816 -292
4,843   4,046 797
2,211   3,841 -1,630
5,533   4,137 1,396
1,614   1,528 86
576   460 116
4,326   5,111 -785
4,991   5,851 -860
1,993   1,447 546
2,256   2,760 -504
2,033   2,992 -959
2,788   2,318 470
1,889   1,074 815
2,004   1,437 567
3,152   3,628 -476
2,055   2,031 24
3,139   2,570 569
2,975   2,801 174
2,203   2,386 -183
3,514   6,650 -3,136
2,304   1,910 394
1,372   1,436 -64
4,514   4,307 207
3,860   2,840 1,020
2,155   2,216 -61
4,671   4,244 427
3,279   2,602 677
2,328   2,330 -2
3,052   3,502 -450
1,894   1,932 -38
2,988   4,911 -1,923
2,659   1,654 1,005
653   482 171
4,756   5,051 -295
3,783   4,310 -527
1,232   2,056 -824
1,648   1,991 -343
2,312   1,999 313
2,083   1,944 139
2,011   2,175 -164
3,051   3,521 -470
3,912   4,480 -568
2,968   2,842 126
3,415   3,441 -26
4,109   4,221 -112
4,134   3,328 806
2,009   2,020 -11
6,773   4,026 2,747
3,370   2,613 757
2,441   1,992 449
2,196   1,997 199
3,147   1,369 1,778
2,392   2,513 -121
2,102   3,805 -1,703
1,586   2,089 -503
3,599   3,410 189
3,226   1,998 1,228
1,381   2,026 -645
2,296   4,221 -1,925
92,970   90,989 1,981
2,688   2,236 452
2,184   2,369 -185
2,380   2,052 328
2,117   2,581 -464
2,156   1,787 369
2,720   2,069 651
177   126 51
2,388   2,015 373
1,511   1,052 459
517   442 75
3,332   2,171 1,161
4,808   4,977 -169
2,303   2,068 235
3,344   2,998 346
3,202   2,558 644
1,914   2,099 -185
2,370   1,411 959
1,702   1,998 -296
5,282   6,563 -1,281
1,812   845 967
2,911   3,442 -531
3,264   1,649 1,615
2,212   2,604 -392
430   395 35
6,285   5,461 824
4,151   4,191 -40
4,765   5,542 -777
1,739   1,871 -132
3,397   3,977 -580
2,840   1,452 1,388
3,654   2,507 1,147
2,838   2,631 207
1,624   1,293 331
2,311   2,034 277
1,594   1,656 -62
2,722   2,060 662
2,117   2,048 69
1,614   3,728 -2,114
6,781   6,158 623
2,389   2,626 -237
2,101   2,404 -303
3,364   4,199 -835
2,252   2,296 -44
3,355   2,038 1,317
2,802   1,643 1,159
2,347   2,046 301
3,765   4,735 -970
1,745   1,731 14
4,644   3,612 1,032
15   11 4
62   53 9
      31
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       -5
b       -5,156
c       332
d       6
e       178
      -647
      839
      173
      351
      -15
      2,245
      18
      -168
      380
      -892
      738
      433
      -39
      -3,361
      195
      480
      1,342
      -85
      80
      -8
      632
      203
      1,280
      1,127
      730
      453
      243
      94
      -145
      105
      979
      484
      294
      -1,404
      -669
      -680
      -532
      310
      4,333
      15
      2,126
      -169
      -180
      -589
      -66
      1,218
      220
      -644
      133
      1,896
      919
      1,569
      2,060
      4
      242
      -176
      530
      -839
      -285
      1,027
      -216
      597
      380
      392
      -112
      -231
      -1,237
      -2,459
      -738
      1,305
      670
      -301
      123
      501
      2,048
      1,077
      264
      20
      210
      132
      13
      -190
      -332
      -13
      -626
      1,424
      -1,069
      1,480
      -73
      1,655
      503
      651
      164
      -74
      1,110
      1,665
      -1,292
      -1,251
      410
       
      463
      -1,332
      1,195
      1,492
      -451
      1,408
      1,316
      -417
      -174
      330
      418
      845
      466
      549
      -660
      -845
      1,111
      338
      -292
      797
      -1,630
      1,396
      86
      116
      -785
      -860
      546
      -504
      -959
      470
      815
      567
      -476
      24
      569
      174
      -183
      -3,136
      394
      -64
      207
      1,020
      -61
      427
      677
      -2
      -450
      -38
      -1,923
      1,005
      171
      -295
      -527
      -824
      -343
      313
      139
      -164
      -470
      -568
      126
      -26
      -112
      806
      -11
      2,747
      757
      449
      199
      1,778
      -121
      -1,703
      -503
      189
      1,228
      -645
      -1,925
      1,981
      452
      -185
      328
      -464
      369
      651
      51
      373
      459
      75
      1,161
      -169
      235
      346
      644
      -185
      959
      -296
      -1,281
      967
      -531
      1,615
      -392
      35
      824
      -40
      -777
      -132
      -580
      1,388
      1,147
      207
      331
      277
      -62
      662
      69
      -2,114
      623
      -237
      -303
      -835
      -44
      1,317
      1,159
      301
      -970
      14
      1,032
      4
      9
       
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 53,079
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 110,800 2,757,580 0.04018
2010 98,775 2,263,114 0.043646
2009 120,165 2,028,528 0.059238
2008 120,841 2,329,948 0.051864
2007 124,100 2,637,027 0.047061
2 Total of line 1, column (d) ...................... 2 0.241989
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 0.048398
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 2,944,429
5 Multiply line 4 by line 3....................... 5 142,504
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,042
7 Add lines 5 and 6......................... 7 143,546
8 Enter qualifying distributions from Part XII, line 4.............. 8 127,951
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 2,084
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 2,084
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 2,084
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 8,795
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 8,795
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 6,711
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,084 Refunded Bullet 11 4,627
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)
    bulletWI
    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 ofbulletTrust Point Inc Telephone no.bullet (608) 782-1148
    Located atbullet230 FRONT STREET NORTHLA CROSSEWI ZIP+4bullet54601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    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
    Carolyn Burton Director
    1     		1,000    
    8221 North Links Way
    Fox Point,WI53217
    Paul Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Frances Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Michael Burton Director
    1     		500    
    8221 North Links Way
    Fox Point,WI53217
    Trust Point Inc Investment
    1     		17,115    
    230 Front Street North
    La Crosse,WI54601
    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 NONE  
    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
    2,989,268
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,989,268
    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
    2,989,268
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    44,839
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,944,429
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    147,221
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    147,221
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,084
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,084
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    145,137
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    145,137
    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
    145,137
    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
    127,951
    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
    127,951
    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
    127,951
    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 7 145,137
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 125,915
    b Total for prior years:2010, 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$ 127,951
    a Applied to 2011, but not more than line 2a 125,915
    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..... 2,036
    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 ..........     		143,101
    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).)
    FRANCES BURTON
    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:
    Carolyn Burton
    8221 North Links Way
    Fox Point,WI53217
    (414) 247-1255
    bThe form in which applications should be submitted and information and materials they should include:
    Proposal letter not exceeding two pages. Write to above address for brochure outlining grant process.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Primarily organizations in Door County and Milwaukee, WI focusing on historic preservation, cultural activities and environmental issues.
    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
    Florentine Opera
    930 EAST BURLEIGH STREET
    Milwaukee,WI53212     		NONE PUBLIC EDUCATIONAL TOURING PROGRAM 5,000
    Still Waters Collective
    300 WEST WALNUT STREET
    Milwaukee,WI53212     		NONE PUBLIC LOUDER THAN A BOMB POETRY 5,000
    Skylight Music Theater
    158 NORTH BROADWAY
    Milwaukee,WI53202     		NONE PUBLIC ENLIGHTEN PROGRAM 5,000
    Old World Wisconsin Foundation
    123 EAST MAIN STREET
    Eagle,WI53119     		NONE PUBLIC IN-DEPTH EXPERIMENTAL 5,000
    Door County Maritime Museum
    120 NORTH MADISON AVENUE
    Sturgeon Bay,WI54235     		NONE PUBLIC CANA ISLAND LIGHTHOUSE 15,000
    Conservatory of Music
    1584 PROSPECT AVENUE
    Milwaukee,WI53217     		NONE PUBLIC EARLY CHILDHOOD MUSIC 7,500
    Open Door Bird Sanctuary
    7005 STATE HIGHWAY 42-57
    Sturgeon Bay,WI54235     		NONE PUBLIC PHASE I CONSTRUCTION 15,000
    Milwaukee Repertory Theater
    108 EAST WELLS STREET
    Milwaukee,WI53202     		NONE PUBLIC ACCESS THE REP PROGRAM 5,000
    River Revitalization Foundation
    1845 NORTH FARWELL AVENUE SUITE 100
    Milwaukee,WI53202     		NONE PUBLIC MILWAUKEE RIVER CORRIDOR 5,000
    Friends of Hart Park
    2199 NORTH 73RD STREET
    Wauwatosa,WI53213     		NONE PUBLIC HART PARK EDUCATIONAL 5,000
    Sharon Lynn Wilson Center for the
    Arts
    19805 WEST CAPITOL DRIVE
    Brookfield,WI53045     		NONE PUBLIC BEYOND THE CLASSROOM/ARTS 5,000
    Milwaukee Symphony Orchestra
    1101 NORTH MARKET STREET SUITE 100
    Milwaukee,WI53202     		NONE PUBLIC ARTS IN COMMUNITY EDUCATION 7,500
    Radio Milwaukee
    5312 WEST VLICT STREET
    Milwaukee,WI53208     		NONE PUBLIC COMMUNITY STORIES PROGRAM 5,000
    Door County String Academy
    PO BOX 245
    Sturgeon Bay,WI54235     		NONE PUBLIC TUITION ASSISTANCE 10,000
    Community Clinic of Door County
    PO BOX 3
    Sturgeon Bay,WI54235     		NONE PUBLIC STAFFING 25,000
    The Hardy Gallery
    PO BOX 394
    Ephraim,WI54211     		NONE PUBLIC ARTS 2,000
    Total .................................bullet 3a 127,000
    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 78,201  
    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 53,079  
    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)..   131,280  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13131,280
    (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:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 900     900

    TY 2012 OtherAssetsSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DREIHAUS ACTIVE INCOME FUND 50,000 61,233 58,342
    FEDERATED MORTGAGE INSTL 121,427 149,407 151,557
    FEDERATED ULTRASHORT BOND INST 104,383 0 0
    CALAMOS CONVERTIBLE FUND 90,989 0 0
    GOLDMAN SACHS HIGH YIELD FUND 100,667 0 0
    LOOMIS SAYLES GLOBAL BOND FUND 61,590 63,327 69,880
    PIMCO TOTAL RETURN INSTL 212,901 299,323 311,653
    PIMCO FOREIGN BOND INSTL 105,638 112,792 114,561
    PIMCO REAL RETURN FUND 85,664 92,779 103,792
    VANGUARD CONVERTIBLE SEC 66,102 66,102 57,463
    AGL RESOURCES INC 1,703 23 23
    AT&T INC 11,342 11,818 13,315
    ABAXIS INC 4,030 2,254 3,191
    ABERCROMBIE & FITCH CO CLASS A 2,083 0 0
    ALLERGAN INC 2,100 6,073 6,054
    ALLSCRIPTS HEALTHCARE SOLUTION 3,586 0 0
    ALLSTATE CORP 5,377 3,625 4,901
    ALTRIA GROUP INC 3,373 3,373 3,836
    AMERICA MOVIL S.A.B. DE C.V. 4,781 4,781 3,934
    AMERICAN EXPRESS CO 6,377 6,377 7,587
    AMERICAN TOWER CORP CLASS A 4,950 4,950 6,877
    AMERISOURCEBERGEN CORP 6,708 6,708 9,025
    AMGEN INC 3,238 0 0
    ANGIODYNAMICS INC 3,965 0 0
    ANIXTER INTERNATIONAL INC 4,475 2,814 3,199
    ANNALY CAPITAL MANAGEMENT INC 2,064 0 0
    APACHE CORP 10,891 10,891 8,400
    APPLE INC 8,926 9,523 13,837
    ASHLAND INC 3,213 0 0
    ASTRAZENECA GROUP PLC SPONS 4,332 4,332 4,160
    ATHENAHEALTH INC 3,434 2,078 3,371
    ATMOS ENERGY CORP 3,167 0 0
    AUTOLIV INC 6,368 6,368 5,391
    BAE SYSTEMS PLC ADR 3,674 5,686 6,243
    BASF SE SPONSORED ADR 6,181 0 0
    BMC SOFTWARE 3,566 0 0
    BAIDU COM INC ADR 4,368 0 0
    BANK NEW YORK MELLON CORP 6,420 6,420 5,603
    BAXTER INTERNATIONAL INC 8,458 6,406 8,333
    BAYER AG SPONSORED ADR 5,168 5,168 7,488
    BEACON ROOFING SUPPLY INC 7,303 6,076 9,884
    BEAM INC 6,788 5,235 6,903
    BECTON DICKINSON & CO 5,866 0 0
    BEMIS CO INC 3,896 0 0
    BERRY PETROLEUM CO CLASS A 2,902 2,902 2,617
    BEST BUY CO INC 7,165 0 0
    BIO RAD LABS INC CLASS A 2,152 0 0
    BIO-REFERENCE LABORATORIES INC 4,013 4,013 5,239
    BIOMED REALTY TRUST 2,353 4,333 4,620
    BLACKROCK INC 3,722 0 0
    BRADY CORP 2,000 4,029 4,409
    CBL & ASSOCIATES PROPERTIES 5,138 0 0
    CF INDUSTRIES HOLDINGS INC 2,402 0 0
    CME GROUP INC 6,603 0 0
    CMS ENERGY CORP 4,474 0 0
    CNOOC LTD SPONSORED ADR 5,859 5,859 5,940
    CVS/CAREMARK CORP 4,113 0 0
    CABOT MICROELECTRONICS CORP 4,144 4,144 3,444
    CANADIAN NATL RAILWAY CO 8,561 8,399 11,558
    CAPELLA EDUCATION CO 2,005 0 0
    CAPITAL ONE FINANCIAL CORP 7,761 7,761 8,284
    CARDINAL HEALTH INC 2,156 0 0
    CARPENTER TECHNOLOGY CORP 1,469 0 0
    CASS INFORMATION SYSTEMS INC 2,945 2,945 3,881
    CELGENE CORP 2,870 0 0
    CEPHEID INC 4,585 3,564 6,027
    CERNER CORP 3,349 0 0
    CHEESECAKE FACTORY INC 4,026 4,026 4,187
    CHEMED CORP 5,672 5,672 6,447
    CHEVRON CORP 16,196 12,552 16,545
    CHICAGO BRIDGE & IRON CO NV 4,611 3,566 4,959
    CHICOS FAS INC 3,003 2,883 3,729
    CHINA MOBILE LTD ADR 3,964 3,964 4,874
    CHINA PETROLEUM & CHEMICAL COR 4,058 4,058 5,056
    CISCO SYSTEMS INC 6,114 0 0
    COACH INC 6,075 8,093 7,660
    COCA COLA CO 10,574 8,683 9,788
    COLGATE-PALMOLIVE CO 6,485 6,485 8,363
    COLONIAL PROPERTIES TRUST 2,196 2,141 2,714
    COMMUNITY TRUST BANCORP INC 2,998 0 0
    COMPANHIA ENERGETICA DE MINAS 4,394 6,413 4,759
    COMPANHIA PARANAENSE DE ENERGI 5,286 7,296 5,188
    COMPANHIA DE BEDIDAS DAS AMERI 4,137 0 0
    CONAGRA FOODS INC 2,008 0 0
    CONCUR TECHNOLOGIES INC 1,984 3,986 4,996
    CONOCOPHILLIPS 8,971 4,832 6,089
    COSTAR GROUP INC 2,620 2,620 4,290
    COUSINS PROPERTIES INC 3,168 3,168 3,449
    COVANCE INC 2,558 0 0
    DBS GROUP HOLDINGS LTD ADR 6,320 0 0
    DEALERTRACK HOLDINGS INC 4,050 2,551 3,533
    DEERE & CO 6,081 8,126 8,815
    DELAWARE EMERGING MARKETS 68,920 68,920 75,830
    DEVON ENERGY CORP 7,211 0 0
    DIGI INTERNATIONAL INC 2,981 2,981 2,860
    DISCOVER FINANCIAL SERVICES 2,093 2,687 3,392
    DOMTAR CORP 4,950 5,316 5,846
    DOVER CORP 7,033 9,057 10,119
    DU PONT E I DE NEMOURS & CO 6,563 0 0
    EMC CORP 12,922 16,436 17,331
    EBAY INC 4,591 15,239 19,991
    EBIX INC 2,662 2,662 2,289
    ECHO GLOBAL LOGISTICS INC 2,002 2,002 2,408
    ELECTRO SCIENTIFIC INDUSTRIES 2,139 4,171 3,602
    EMERSON ELECTRIC CO 5,851 0 0
    ENERSIS SA 6,193 6,193 5,011
    ENERNOC INC 1,998 0 0
    DELHAIZE GROUP SPONSORED ADR 6,102 0 0
    EXPEDIA INC NEW 1,528 14 31
    EXXON MOBIL CORP 7,366 9,392 11,252
    FARO TECHNOLOGIES INC 2,014 2,014 2,640
    FASTENAL CO 4,281 0 0
    FINANCIAL ENGINES INC 1,958 1,958 2,358
    FIRST AMERICAN FINANCIAL CORP 4,032 2,585 3,878
    FIRSTENERGY CORP 3,722 0 0
    FOMENTO ECONOMICO MEXICANO 4,042 0 0
    FORRESTER RESEARCH INC 4,007 2,019 1,930
    FORTUNE BRANDS HOME & SECURITY 845 0 0
    FORWARD AIR CORP 2,613 2,613 3,361
    FOSTER LB CO 3,003 0 0
    FREEPORT MOCMORAN COPPER & GOL 10,573 13,767 10,705
    GAMCO INVESTORS INC 4,203 4,179 4,936
    GT ADVANCED TECHNOLOGIES INC 2,992 0 0
    GAYLORD ENTERTAINMENT CO 3,974 0 0
    GAZPROM OAO ADR 4,964 6,950 5,165
    GENERAL ELECTRIC CO 15,119 15,119 18,240
    GENESCO INC 2,377 0 0
    GENTEX CORP 4,329 4,329 3,845
    GOLDMAN SACHS GROUP INC 6,260 8,927 9,950
    GOODRICH CO 5,913 0 0
    GOODRICH PETROLEUM CORP 3,697 0 0
    GOOGLE INC CLASS A 8,761 8,570 9,903
    GRAND CANYON EDUCATION INC 2,388 4,401 5,609
    GROUP CGI INC CLASS A 4,247 4,247 5,921
    HALLIBURTON CO 3,011 8,014 8,013
    HEARTLAND EXPRESS INC 2,136 4,133 3,490
    HERSHA HOSPITALITY TRUST 1,984 3,970 3,500
    HESS CORP 5,193 9,970 9,215
    HITACHI LTD SPONSORED ADR 3,827 3,827 4,022
    HONEYWELL INTERNATIONAL INC 5,502 9,516 10,790
    HUMANA INC 8,795 3,027 3,637
    ICU MEDICAL INC 2,382 2,382 3,778
    IPC THE HOSPITALIST CO INC 2,632 2,632 3,217
    INNERWORKINGS INC 2,667 1,609 3,541
    INTEL CORP 8,370 5,569 5,423
    INT'L BUSINESS MACHINES CORP 8,593 5,144 6,896
    INTUITIVE SURGICAL INC 5,048 3,281 6,375
    ISHARES RUSSELL MID CAP ETF 186,466 188,569 212,063
    JPMORGAN CHASE & CO 11,343 13,984 16,005
    JOHNSON & JOHNSON CO 4,064 7,463 7,571
    JUNIPER NETWORKS INC 9,036 0 0
    KLA-TENCOR CORP 1,910 0 0
    KINGFISHER PLC ADR 2,837 4,824 5,283
    KOHLS CORP 5,457 5,457 4,298
    KOMATSU LTD SPONSORED ADR 6,319 0 0
    KRAFT FOODS INC 6,197 4,203 5,093
    LKQ CORP 5,195 4,958 7,301
    LVMH MOET HENNESSY L.V. 4,307 0 0
    LABORATORY CORP OF AMERICA 4,493 4,493 4,418
    LATTICE SEMICONDUCTOR CORP 2,604 0 0
    LINCOLN NATIONAL CORP 6,534 0 0
    MARATHON OIL CORP 3,170 3,170 4,078
    MATTEL INC 2,840 0 0
    MAXIMUS INC 2,808 2,808 5,879
    MC DONALDS CORP 9,884 0 0
    MEAD JOHNSON NUTRITION CO 6,015 8,036 7,511
    MEDNAX INC 4,390 4,390 5,805
    MERCK & CO INC NEW 3,205 3,205 4,053
    MICROSOFT CORP 13,709 16,790 16,507
    MILLER HERMAN INC 4,567 4,404 4,657
    MITSUI & CO LTD SPONSORED ADR 4,473 6,556 5,935
    MUELLER INDUSTRIES INC 3,054 1,461 2,201
    NACCO INDUSTRIES INC 2,602 0 0
    NATIONAL INSTRUMENTS CORP 5,386 5,386 6,117
    NATIONAL-OILWELL INC 10,619 10,619 9,842
    NATIONAL PENN BANCSHARES INC 2,013 2,013 2,321
    NEOGEN CORP 3,287 3,287 4,079
    NESTLE S A ADR 3,113 0 0
    NEWMONT MINING CORP 2,330 0 0
    NEXTERA ENERGY INC 7,530 5,699 7,542
    NIPPON TELEGRAPH & TELEPHONE 4,177 6,171 5,762
    NISSAN MOTOR CO LTD SPONSORED 4,191 0 0
    OCCIDENTAL PETROLEUM CORP 7,658 4,498 3,984
    OLD NATIONAL BANCORP 2,676 2,676 2,920
    ORACLE CORP 8,450 5,742 6,297
    PAN AMERICAN SILVER CORP 4,911 0 0
    PAPA JOHN'S INT'L INC 2,508 1,056 2,197
    PAREXEL INTERNATIONAL CORP 2,741 2,741 4,143
    PARKER HANNIFIN CORP 4,863 2,424 2,382
    PARTNER COMMUNICATIONS CO LTD 7,971 0 0
    PEGASYSTEMS INC 4,261 4,261 2,449
    PFIZER INC 6,085 3,780 4,640
    PHILLIP MORRIS INTL INC 5,199 3,831 5,437
    PHOTRONICS INC 4,484 0 0
    PIEDMONT NATURAL GAS CO 2,995 0 0
    PINNACLE WEST CAPITAL CORP 3,044 4,145 4,078
    POLARIS INDUSTRIES INC 2,296 0 0
    POLYONE CORP 3,882 3,882 6,718
    POOL CORP 2,507 0 0
    PORTFOLIO RECOVERY ASSOCIATES 4,617 4,617 7,694
    POST PROPERTIES INC 2,169 0 0
    POWER INTEGRATIONS INC 2,979 2,979 2,554
    PRAXAIR INC 5,959 5,959 7,005
    T ROWE PRICE GROUP INC 8,135 0 0
    PROCTER & GAMBLE CO 7,815 5,185 5,567
    PROVIDENT FINANCIAL SERVICES 4,039 4,039 4,088
    PUBLIC SERVICE ENTERPRISE GRP 8,256 8,256 7,987
    QUALCOMM INC 8,099 4,772 6,186
    QUALITY SYSTEMS INC 2,056 0 0
    QUEST DIAGNOSTICS INC 2,483 2,483 2,680
    RAYTHEON CO 1,999 0 0
    REDWOD TRUST INC 1,996 0 0
    RELIANCE STEEL & ALUMINUM CO 4,106 2,327 2,608
    REYNOLDS AMERICAN INC 3,333 0 0
    RIO TINTO PLC SPONSORED ADR 5,082 7,061 6,797
    RITCHIE BROS AUCTIONEERS INC 6,068 3,925 3,990
    ROLLINS INC 5,950 5,950 7,086
    ROYAL DUTCH SHELL PLC SPONSOR 4,103 4,103 4,275
    ST JUDE MEDICAL INC 6,199 0 0
    SAN DISK CORP 5,253 6,258 5,438
    SCHLUMBERGER LTD 6,209 7,005 6,791
    SEMTECH CORP 4,974 4,974 6,224
    SHIRE PLC 4,221 0 0
    SIEMENS AG SPONSORED ADR 6,233 0 0
    SIMON PROPERTY GROUP 2,060 0 0
    SMUCKER JM CO 4,903 0 0
    SNAP-ON INC 3,328 0 0
    SOHU.COM INC 4,453 0 0
    STARBUCKS CORP 6,056 0 0
    STATOIL ASA SPONSORED ADR 4,373 4,373 5,008
    STRATASYS INC 2,764 2,764 6,572
    SWIFT ENERGY CO 3,728 0 0
    SYKES ENTERPRISES INC 3,362 3,362 2,603
    SYMANTEC CORP 2,042 0 0
    TJX COMPANIES INC 6,482 4,424 8,575
    TECHNE CORP 3,759 3,759 3,895
    TELEFONICA BRASIL SA SP ADR 4,566 4,566 4,997
    TELENOR ASA 4,605 0 0
    TERADATA CORP DEL 6,158 0 0
    TIM PARTICIPACOES 2,626 0 0
    TIME WARNER CABLE INC 4,982 4,982 7,872
    TRIPADVISOR INC 1,528 14 21
    US BANCORP DEL 5,016 7,054 8,656
    ULTIMATE SOFTWARE GROUP INC 5,689 4,320 9,535
    UNIFIRST CORP 2,609 0 0
    UNION PACIFIC CORP 2,016 2,016 2,514
    UNITED FINANCIAL BANCORP INC 2,513 0 0
    UNITED NATURAL FOODS INC 5,158 5,158 7,556
    UNITED PARCEL SERVICE 5,868 11,751 11,649
    UNITED TECHNOLOGIES CORP 18,322 18,322 19,436
    VALE SA-SP 5,894 0 0
    VALEO SA 4,183 6,168 5,632
    VANGUARD LARGE CAP ETF 35,017 35,017 42,028
    VERIZON COMMUNICATIONS INC 6,081 1,877 2,250
    VERINT SYSTEMS INC 4,084 4,141 4,052
    VOLKSWAGEN AG SPONSORED ADR 4,709 4,709 6,866
    WAL MART STORES INC 8,107 10,137 12,145
    WALGREEN CO 5,706 0 0
    WALTER INVESTMENT MGMT CORP 4,051 0 0
    WATSON PHARMACEUTICALS 5,522 3,879 6,622
    WEBSTER FINANCIAL CORP 2,039 2,039 2,507
    WEIS MARKETS INC 3,695 3,695 3,564
    WELLS FARGO & CO 11,953 14,117 16,167
    WERNER ENTERPRISES INC 3,160 3,160 3,272
    WESBANCO INC 2,429 2,429 2,755
    WISCONSIN ENERGY CORP 2,046 0 0
    YANZHOU COAL MINING LTD 4,221 0 0
    ALTERRA CAPITAL HOLDINGS INC 1,998 3,987 4,990
    ACCENTURE PLC 8,597 7,782 9,643
    HERBALIFE LTD 4,093 4,535 3,854
    MAIDEN HOLDINGS LTD 2,002 4,010 3,988
    SIGNET JEWELERS LIMITED 4,337 4,337 5,821
    WARNER CHILCOTT PLC 4,374 0 0
    ALLIED WORLD ASSURANCE HOLDING 4,260 4,260 5,595
    TRANSOCEAN LTD 6,090 2,748 2,590
    CHECK POINT SOFTWARE 9,108 4,826 4,955
    AERCAP HOLDINGS NV 5,558 5,558 5,461
    ASML HOLDING NV 3,612 3,558 4,250
    STEINER LEISURE LTD 3,600 1,978 2,416
    FLEXTRONICS INTERNATIONAL LTD 5,493 5,493 4,583
    FEDERATED TAX-FREE OBLIGATIONS 33,598 0 0
    ACXIOM CORP   2,803 2,584
    AGILENT TECHNOLOGIES INC   11,649 12,446
    INVESCO CONVERTIBLE SECURITIES   114,461 115,391
    AGRIUM INC   5,183 5,093
    ALLIANCE DATA SYSTEMS CORP   2,100 2,171
    ALLIANZ SE ADR   4,373 4,739
    AMERICAN INTERNATIONAL GROUP   3,124 3,354
    ARM HOLDINGS PLC SPONOSRED ADR   6,805 8,890
    ASSOCIATED BANC CORP   3,642 3,556
    BB&T CORP   8,440 8,005
    BT GROUP PLC ADR   5,047 5,286
    BANK OF MONTREAL   5,270 5,456
    BANK OF NOVA SCOTIA   4,871 5,036
    BED BATH & BEYOND INC   7,420 6,765
    BOOZ ALLEN HAMILTON HOLDING   1,975 1,963
    BORG WARNER AUTOMOTIVE INC   6,333 5,300
    BRISTOL MYERS SQUIBB CO   3,698 3,552
    BROADCOM CORP   3,101 2,690
    CBS CORP NEW   4,908 5,023
    CLECO CORP   2,016 2,041
    CAMERON INTERNATIONAL CORP   4,299 4,404
    CATO CORP   1,989 1,948
    CITRIX SYSTEMS INC   5,748 6,168
    COMCAST CORP CLASS A   6,795 6,949
    COMSTOCK RESOURCES INC   4,033 3,463
    CONSTANT CONTACT INC   2,001 952
    CUMMINS INC   6,601 7,043
    CYTEC INDUSTRIES INC   2,002 2,271
    D R HORTON INC   4,195 3,976
    DIAGEO PLC SPONSORED ADR   4,702 5,596
    DISNEY WALT CO   2,645 2,490
    DISCOVERY COMMUNICATIONS CL A   2,148 2,666
    DOLLAR TREE INC   8,793 7,706
    EASTMAN CHEMICAL CO   2,484 2,994
    EMCOR GROUP INC   2,449 2,838
    EXPRESS SCRIPTS HLDG CO   8,570 8,262
    FRESH MARKET INC   2,003 1,972
    GILEAD SCIENCES INC   3,518 4,260
    GLOBAL CASH ACCESS HLDGS INC   2,671 2,572
    HSBC HOLDINGS PLC SPONSORED   4,759 5,307
    HANOVER INSURANCE GROUP INC   4,008 3,990
    ICON PLC SPONSORED ADR   2,355 2,693
    IVY HIGH INCOME   147,829 152,009
    JDA SOFTWARE GROUP INC   3,265 3,298
    KOPPERS HOLDINGS INC   2,238 2,365
    KROGER CO   3,676 3,825
    LAS VEGAS SANDS CORP   3,268 3,324
    LAUDER ESTEE COS INC CLASS A   6,092 5,926
    LUMINEX CORP   2,003 1,932
    MACYS INC   2,053 1,951
    MAXWELL TECHNOLOGIES INC   2,510 1,179
    MCKESSON HBOC INC   2,144 2,230
    METLIFE INC   3,483 3,063
    MOBILE MINI INC   4,009 4,441
    MONDELEZ INTERNATIONAL INC   4,055 5,065
    MONSANTO CO   6,844 7,099
    MOSAIC CO NEW   4,895 4,644
    NETEASE.COM INC   4,891 4,040
    NETSCOUT SYSTEMS INC   2,423 2,469
    NORTHROP GRUMMAN CORP   2,045 2,095
    OIL CO LUKOIL SPONSORED ADR   4,470 4,714
    PDC ENERGY INC   2,114 2,125
    PPG INDUSTRIES INC   3,157 3,654
    PORTLAND GENERAL ELECTRIC CO   2,009 2,189
    PRECISION CASTPARTS CORP   7,086 8,334
    PRICELINE COM INC   4,732 4,343
    PRUDENTIAL CORP PLC ADR   4,751 5,681
    QLOGIC CORP   4,506 3,007
    REX ENERGY CORP   1,991 2,070
    REXAM PLC   4,706 4,678
    ROPER INDUSTRIES INC   7,222 8,138
    RYMAN HOSPITALITY PPTYS INC   244 253
    SPS COMMERCE INC   2,404 3,503
    SANDY SPRING BANCORP INC   3,964 4,214
    SCHOLASTIC CORP   2,669 2,335
    SCIQUEST INC   2,038 1,824
    SCRIPPS NETWORKS INTERACTIVE   3,400 3,186
    SUN COMMUNITIES INC   4,002 3,909
    SUNTRUST BANKS INC   4,299 4,196
    TRW AUTOMOTIVE HOLDING CORP   2,734 2,949
    TAIWAN SEMICONDUCTOR MFG SPON   4,523 5,234
    THOR INDUSTRIES INC   3,928 4,529
    3D SYSTEMS CORP   2,093 3,148
    TRAVELERS COS INC   5,975 7,254
    UNITED OVERSEAS BANK ADR   4,919 4,963
    VF CORP   8,031 8,001
    VECTREN CORP   3,110 3,146
    VISA INC   3,746 4,244
    WUXI PHARMATECH CAYMAN ADR   4,797 4,662
    ENERGY XXI BERMUDA LTD   4,748 4,246
    VALIDUS HOLDINGS LTD   4,938 4,980
    NXP SEMICONDUCTORS NV   2,045 2,211
    BANCO LATINOAMERICANO DE EXP   5,053 5,153
    COPA HOLDINGS SA CLASS A   4,844 5,768
    AVAGO TECHNOLOGIES LTD   2,038 1,867


    TY 2012 OtherExpensesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 38 0   38
    OTHER NON-ALLOCABLE EXPENSE - 13 0   13


    TY 2012 OtherIncreasesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Amount
    ACCRUED INCOME/LOSS ADJUSTMENT 541


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODIAN & MANAGEMENT FEES (A 7,623 7,623    


    TY 2012 TaxesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 746 746   0
    FOREIGN TAXES ON QUALIFIED FOR 107 107   0