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
SIGURD & JARMILA RISLOV FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)206 S MAINROOM/SUITE 218Room/suite
City or town, state, and ZIP code
ANN ARBOR, MI481035408
A Employer identification number

93-1247286
B Telephone number (see instructions)

(734) 930-0914
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$998,687J 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 1,415 1,415 1,415
4 Dividends and interest from securities...... 31,214 31,214 31,214
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -4,383
b Gross sales price for all assets on line 6a 397,321
7 Capital gain net income (from Part IV, line 2)... 532
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 777   777
12 Total. Add lines 1 through 11........ 29,023 33,161 33,406
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,575      
c Other professional fees (attach schedule).... Click to see attachment 14,712 14,712    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,397      
19 Depreciation (attach schedule) and depletion... Click to see attachment 314    
20 Occupancy.............. 3,806      
21 Travel, conferences, and meetings....... 101      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,700      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,605 14,712   0
25 Contributions, gifts, grants paid........ 65,000 65,000
26 Total expenses and disbursements. Add lines 24 and 25 89,605 14,712   65,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -60,582
b Net investment income (if negative, enter -0-) 18,449
c Adjusted net income (if negative, enter -0-)... 33,406
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.......... 37,771 36,731 36,731
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   284  
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 771,999 Click to see attachment728,476 961,956
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)...........      
14 Land, buildings, and equipment: basis bullet5,434
Less: accumulated depreciation (attach schedule) bullet5,278 470 Click to see attachment156  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 810,240 765,647 998,687
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 810,240 765,647
30 Total net assets or fund balances (see page 17 of the
instructions).................... 810,240 765,647
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 810,240 765,647
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)............... 1 810,240
2 Enter amount from Part I, line 27a..................... 2 -60,582
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 15,989
4 Add lines 1, 2, and 3.......................... 4 765,647
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 765,647
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 532
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 55,900 1,026,299 0.054468
2010 69,676 1,054,427 0.066079
2009 41,350 1,033,190 0.040022
2008 78,038 1,029,101 0.075831
2007 63,000 1,230,079 0.051216
2 Total of line 1, column (d) ...................... 2 0.287616
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 0.057523
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 981,266
5 Multiply line 4 by line 3....................... 5 56,445
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 184
7 Add lines 5 and 6......................... 7 56,629
8 Enter qualifying distributions from Part XII, line 4.............. 8 65,000
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 1 184
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 184
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 184
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 284
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 284
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 10 100
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet100 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR, MI
    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 addressbulletN/A
    14
    The books are in care ofbulletSUE ANN SAVAS Telephone no.bullet (734) 930-0914
    Located atbullet206 S MAIN SUITE 218ANN ARBORMI ZIP+4bullet481035408
    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
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ZACHARY SAVASClick to see attachment PRESIDENT
    2.00     		0 0 0
    5215 BRADWAY
    BLOOMFIELD TWP,MI48301
    SUE ANN SAVASClick to see attachment SECRETARY
    2.00     		0 0 0
    804 THIRD STREET
    ANN ARBOR,MI48103
    SUE ANN SAVASClick to see attachment TREASURER
    2.00     		0 0 0
    804 THIRD STREET
    ANN ARBOR,MI48103
    PAUL TUCCIClick to see attachment VICE-PRESIDE
    2.00     		0 0 0
    123 HAWTHORNE ST
    BIRMINGHAM,MI48009
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    958,808
    b
    Average of monthly cash balances.......................
    1b
    37,251
    c
    Fair market value of all other assets (see instructions)................
    1c
    150
    d
    Total (add lines 1a, b, and c).........................
    1d
    996,209
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    996,209
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,943
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    981,266
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    49,063
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    49,063
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    184
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    184
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    48,879
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    48,879
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    48,879
    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
    65,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    65,000
    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
    184
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    64,816
    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 48,879
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 1,961
    b From 2008....... 26,827
    c From 2009.......  
    d From 2010....... 17,503
    e From 2011....... 5,027
    fTotal of lines 3a through e......... 51,318
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 65,000
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 48,879
    e Remaining amount distributed out of corpus 16,121
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 67,439
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		1,961
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		65,478
    10 Analysis of line 9:
    a Excess from 2008.... 26,827
    b Excess from 2009....  
    c Excess from 2010.... 17,503
    d Excess from 2011.... 5,027
    e Excess from 2012.... 16,121
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    SUE ANN SAVAS
    206 S MAIN SUITE 218
    ANN ARBOR,MI481035408
    (734) 930-0914
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS ENTERING THE FIELD OF CLASSICAL MUSIC.
    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
    ALL CLASSICAL RADIO
    515 NE 15TH AVENUE
    PORTLAND,OR97232     		NONE 501(C)(3) MUSIC DEPARTMENT 25,000
    PHILADELPHIA YOUTH SYMPHONY
    235 S CAMAK ST
    PHILADELPHIA,PA19107     		NONE 501(C)(3) CLASSICAL MUSIC APPRECIATION 5,000
    ANN ARBOR SYMPHONY
    220 E HURON ST STE 470
    ANN ARBOR,MI481041912     		NONE 501(C)(3) MUSIC DEPARTMENT 5,000
    WHAT CHEER ART COMPANY
    PO BOX 23011
    PROVIDENCE,RI02903     		NONE 501(C)(3) MUSIC DEPARTMENT 5,000
    ESTHER L FREDRICKSON
    517 W 11TH AVENUE
    EUGENE,OR97401     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 2,000
    MELBOURNE CHAMBER MUSIC SOCIETY
    PO BOX 033403
    INDIALANTIC,FL32903     		NONE 501(C)(3) CLASSICAL MUSIC APPRECIATION 5,000
    PINE MOUNTAIN MUSIC SOCIETY
    PO BOX 406
    HANCOCK,MI49930     		NONE 501(C)(3) CLASSICAL MUSIC APPRECIATION 5,000
    BOYCHOIR OF ANN ARBOR
    1100 NORTH MAIN STREET
    ANN ARBOR,MI48104     		NONE 501(C)(3) MUSIC APPRECIATION 2,000
    NADINE ENGEL SHERMAN
    100 GIBBS STREET
    BOX 294
    ROCHESTER,NY14605     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 2,000
    YAMIR ATTAN
    1025 54TH STREET SOUTH
    BIRMINGHAM,AL35222     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 750
    SARAH BOUSE
    2426 TEMPLE COURT
    INDIANAPOLIS,IN46240     		NONE STUDENT CLASSICAL MUSIC EDUCATION 2,000
    PAUL SINCLAIR
    900 N BUSHNELL AVENUE
    ALHAMBRA,CA91801     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 2,000
    JAYME KELMIGIAN
    501 EAST ANN STREET
    ANN ARBOR,MI48104     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 2,000
    AUSTIN HOELTZEL
    411 CATHERINE STREET
    ANN ARBOR,MI48104     		NONE UNIV STUDENT CLASSICAL MUSIC EDUCATION 2,000
    ST NICHOLAS GREEK CHURCH
    760 W WATTLES ROAD
    TROY,MI48098     		    DONATION 250
    Total .................................bullet 3a 65,000
    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     14 1,415  
    4 Dividends and interest from securities....     14 31,214  
    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   855 18 532 -5,770
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aENTERPRISE PROD     1 777  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 855 33,938 -5,770
    13Total. Add line 12, columns (b), (d), and (e)..................
    1329,023
    (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:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,575      

    TY 2012 CompensationExplanation
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Person Name Explanation
    ZACHARY SAVAS  
    SUE ANN SAVAS  
    SUE ANN SAVAS  
    PAUL TUCCI  

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    TY 2012 DepreciationSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTERS 2008-08-05 3,934 3,594 200DB 5.0000 227      
    LAP TOP COMPUTER 2008-10-24 1,500 1,370 200DB 5.0000 87      

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    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AKAMAI TECHNOLOGIES 2011-06 PURCHASE 2012-03   14,211 13,945     266  
    ALCATEL-LUCENT ADS 2011-12 PURCHASE 2012-11   3,332 7,853     -4,521  
    ARCH COAL INC 2012-03 PURCHASE 2012-12   4,983 9,552     -4,569  
    BANCO SANTANDER S.A. 2011-09 PURCHASE 2012-02   3 3        
    EASTMAN CHEMICAL COMPANY 2012-07 PURCHASE 2012-09   5,674 4,928     746  
    GAMESTOP CORP CL A NEW 2012-08 PURCHASE 2012-11   9,336 7,396     1,940  
    GLOBE SPECIALTY METALS 2012-02 PURCHASE 2012-09   4,732 4,569     163  
    MASCO CORP 2012-07 PURCHASE 2012-09   4,770 4,268     502  
    REPLIGEN CP 2012-05 PURCHASE 2012-10   9,112 7,082     2,030  
    SEAGATE TECHNOLOGY PLC 2011-09 PURCHASE 2012-08   7,061 3,770     3,291  
    TATA MOTORS LTD 2011-07 PURCHASE 2012-04   5,506 4,866     640  
    TELEFONICA SA ADR 2012-02 PURCHASE 2012-11   2,677 3,674     -997  
    TEREX CP NEW DEL 2011-10 PURCHASE 2012-01   3,682 2,520     1,162  
    VALE S.A. 2012-01 PURCHASE 2012-12   4,113 5,092     -979  
    VODAFONE GP PLC ADS NEW 2011-11 PURCHASE 2012-06   11,007 11,820     -813  
    WHIRLPOOL CORP 2011-09 PURCHASE 2012-02   20,141 16,851     3,290  
    SPDR BARCLAYS CAPITAL HIGH YIELD 2011-09 PURCHASE 2012-05   7,684 7,850     -166  
    ALCATEL LUCENT ADS 2011-07 PURCHASE 2012-11   1,070 5,398     -4,328  
    ARCH COAL INC 2011-11 PURCHASE 2012-12   1,470 4,157     -2,687  
    BANCO SANTANDER SA 2011-09 PURCHASE 2012-11   4 4        
    CENTURYLINK INC 2011-04 PURCHASE 2012-11   7,957 8,361     -404  
    CIRRUS LOGIC INC 2011-01 PURCHASE 2012-01   3,962 3,539     423  
    FOSTER WHEELER AG COM 2011-07 PURCHASE 2012-10   2,261 2,802     -541  
    HUTCHINSON TECHNOLOGY INC 2011-07 PURCHASE 2012-08   1,679 3,146     -1,467  
    MCDERMOTT INTERNATIONAL INC 2011-02 PURCHASE 2012-03   2,525 4,862     -2,337  
    MEMIC ELECTRONIC MATERIALS INC 2011-08 PURCHASE 2012-11   1,101 3,289     -2,188  
    TELEFONICA SA ADR 2011-06 PURCHASE 2012-11   6,679 12,594     -5,915  
    THE MOSAIC CO (HOLD CO) NEW 2011-06 PURCHASE 2012-11   5,418 7,078     -1,660  
    WILLIAMS CO INC 2011-02 PURCHASE 2012-03   3,168 2,384     784  
    ABERDEEN ASIA-PAC PR INC FD 1999-07 PURCHASE 2012-05   14,907 14,003     904  
    AGIC CONV & INCOME FD II COM 2009-07 PURCHASE 2012-07   32,955 27,950     5,005  
    ALCOA INC 2009-05 PURCHASE 2012-11   5,893 11,741     -5,848  
    AOL INC 2003-01 PURCHASE 2012-07   418 389     29  
    BANK OF AMERICA CORP 2010-10 PURCHASE 2012-03   4,726 7,183     -2,457  
    BP PLC ADS 2010-05 PURCHASE 2012-12   4,125 5,035     -910  
    BROCADE COMMUN SYSTEMS INC 2010-04 PURCHASE 2012-09   3,021 3,290     -269  
    CMS ENERGY CP 2003-04 PURCHASE 2012-07   18,432 5,315     13,117  
    COMCAST CORP 2010-03 PURCHASE 2012-08   21,340 14,612     6,728  
    EAGLE BULK SHIPPING INC 2009-09 PURCHASE 2012-12   188 3,035     -2,847  
    ENTERPRISE PROD PRTNRS LP 1997-11 PURCHASE 2012-09   52,064 22,817     29,247  
    FOSTER WHEELER AG 2010-11 PURCHASE 2012-10   4,523 4,886     -363  
    GENL MTRS CO B MAND CV JR PFD 2010-11 PURCHASE 2012-12   3,910 5,241     -1,331  
    GLAXOSMITHKLINE PLC 2007-03 PURCHASE 2012-03   4,494 5,644     -1,150  
    HELLENIC TELECOMM 1999-11 PURCHASE 2012-08   1,580 10,260     -8,680  
    INDEPENDENT BANK 2000-06 PURCHASE 2012-07   290 6,713     -6,423  
    INGERSOLL RAND 2006-06 PURCHASE 2012-05   4,333 4,045     288  
    INTERNATIONAL PAPER CO 2010-11 PURCHASE 2012-09   6,958 5,468     1,490  
    IVANHOE ENERGY 2010-02 PURCHASE 2012-11   1,746 13,473     -11,727  
    JOHN HANCOCK 2010-02 PURCHASE 2012-08   9,421 7,058     2,363  
    KAYNE ANDERSON ENERGY 2010-02 PURCHASE 2012-03   5,519 4,464     1,055  
    MICROSOFT CORP 2002-06 PURCHASE 2012-10   5,763 5,376     387  
    MOBILE TELESYSTEMS 2010-09 PURCHASE 2012-04   3,844 4,235     -391  
    NORTHEAST UTILITIES 2011-04 PURCHASE 2012-04   3       3  
    NRG ENERGY 2011-12 PURCHASE 2012-12   2       2  
    PUTNAM PREMIER 2010-10 PURCHASE 2012-04   10,936 13,056     -2,120  
    SPDR BARCLAYS CAPITAL HIGH 2010-08 PURCHASE 2012-02   3,999 4,101     -102  
    TATA MOTORS LTD 2010-12 PURCHASE 2012-02   5,694 6,118     -424  
    URANIUM ONE INC 2010-11 PURCHASE 2012-11   1,912 5,349     -3,437  
    VODAFONE 2010-08 PURCHASE 2012-06   5,227 4,929     298  
    WPX ENERGY 2011-02 PURCHASE 2012-03   625 525     100  
    YAHOO INC 2010-01 PURCHASE 2012-11   1,768 1,740     28  
    LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         855       855  

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2000 SHS ABERDEEN ASIA-PAC PR INC FD    
    4000 SHS AGIC CONV & NCOME FD LL    
    400 SHS AKAMAI TECHNOLOGIES    
    3000 SHS ALCATEL-LUCENT ADS    
    700 SHS ALCOA INC    
    15 SHS AOL INC    
    400 SHS ARCH COAL    
    300 SHS AT&T INC 8,207 10,113
    200 SHS BABCOCK & WILCOX CO(BWC) 4,509 5,240
    838 SHS BANCO SANTANDER S.A. 7,661 6,846
    500 SHS BANK OF AMERICA    
    500 SHS BANK OF AMERICA 5,122 5,805
    100 SHS BP PLC ADS(BP)    
    100 SHS BP PLC ADS 4,433 4,164
    100 SHS BP PLC ADS 4,481 4,164
    500 SHS BROCADE COMMUN SYSTEMS INC    
    1600 SHS CANADIAN NAT RESOURCES LTD 6,553 46,192
    312 SHS CEMEX SAB DE CV    
    200 SHS CTRPNT ENRGY INC(HLDGS CO) 3,836 3,850
    500 SHS CENTURYLINK (CTL) 18,410 19,560
    200 SHS CENTURYLINK    
    500 SHS CHESAPEAKE ENERGY 13,008 8,310
    400 SHS CHICAGO BRIDGE & IRON    
    200 SHS CIRRUS LOGIC    
    500 SHS CMS ENERGY    
    800 SHS CMS ENERGY CORP    
    684 SHS COMCAST CORP NEW CL A    
    300 SHS CORNING INC 4,691 3,786
    500 SHS DTE ENERGY 19,840 30,025
    500 SHS EAGLE BULK SHIPPING    
    1000 SHS EL PASO CORP    
    1000 SHS ELDORADO GOLD CORP 4,060 12,880
    240 SHS ENTERPRISE PROD PRTNTS LP    
    1000 SHS ENTERPRISE PROD PRTNTS LP    
    200 SHS FIRSTENERGY CORP 5,250 8,352
    300 SHS FOSTER WHEELER AG COM    
    200 SHS FOSTER WHEELER AG COM    
    300 SHS FOSTER WHEELER AG COM    
    100 SHS FREEPORT MCMORAN CP&GLD 3,933 3,420
    2000 SHS FRONTIER COMMUNICATIONS    
    1000 SHS FRONTIER COMMUNICATIONS COR 6,809 4,280
    1000 SHS FRONTIER COMMUNICATIONS 5,401 4,280
    200 SHS GENERAL ELECTRIC CO (GE) 3,308 4,198
    800 SHS GENERAL ELECTRIC CO 14,392 16,792
    157 SHS GENON (NRG ENERGY 2012)    
    500 SHS GERMAN AMER BANCORP    
    100 SHS GLAXO SMITHKLINE PLC ADR    
    400 SHS GREAT PLAINS ENERGY INC    
    400 SHS HANSEN MEDICAL INC 7,912 832
    500 SHS HANSEN MEDICAL INC 1,642 1,040
    1000 SHS HELLENIC TELE ORG SA ADR    
    200 SHS HEWLETT PACKARD CO 2,708 2,850
    1000 SHS HUNTINGTON BANCSHARES(HBAN) 5,264 6,390
    1000 SHS HUTCHINSON TECHNOLOGY INC    
    100 SHS INDEPENDENT BK CORP MICH    
    100 SHS INGERSOLL RAND CO    
    200 SHS INTERNATIONAL PAPER CO(IP)    
    500 SHS INTL BUSINESS MACH 25,765 95,775
    200 SHS ISHARES S&P PREF STK INDX    
    700 SHS ISHARES S&P PREF STK INDX 14,804 27,734
    4000 SHS IVANHOE ENERGY INC (IVAN)    
    200 SHS JAMES RIVER COAL CO NEW 3,391 642
    500 SHS JOHN HANCOCKTX ADV DIV INC    
    300 SHS JP MORGAN CHASE 11,136 13,191
    200 SHS KAYNE ANDERSON ENERGY TOT    
    200 SHS MCDERMOTT INTERNATIONAL    
    200 SHS MDU RES GROUP INC (MDU) 4,020 4,248
    500 SHS MEMC ELECTRONIC MATERIALS IN    
    200 SHS MICROSOFT CORP    
    200 SHS MICROSOFT CORP    
    200 SHS MOBILE TELESYSTEMS OJSC    
    400 SHS MOTOROLA INC (MOT)    
    200 SHS NATL GRID TRANSCO PLC ADS    
    340 SHS NSTAR (NORTHEAST UTILITIES    
    200 SHS NY TIMES CL A COMMON    
    500 SHS OCCIDENTAL PETR CORP 4,492 38,305
    2000 SHS PARAGON SHIPPING INC 8,196 448
    500 SHS PMC SIERRA INC 4,191 2,605
    1000 SHS PRECISION DRILLING CORP 5,643 8,280
    630 SHS PUBLIC SERV ENTERPRISE 8,859 19,278
    1000 SHS PUTNAM PREMIER INCOME TR    
    2000 SHS PUTNAM PREMIER INCOME TR    
    1000 SHS REPLIGEN CP    
    300 SHS SEAGATE TECHNOLOGY    
    400 SHS SPDR BARCLAYS CAPITAL HIGH    
    100 SHS SPDR BARCLAYS CAPITAL HIGH    
    200 SHS SPDR BARCLAYS CAPITAL HIGH    
    300 SHS STILLWATER MINING 5,214 3,834
    551 SHS STHN UNION COS NEW    
    400 SHS TATA MOTORS LTD    
    500 SHS TELEFONICA SA ADR    
    200 SHS TEREX CP NEW DEL    
    100 SHS THE MOSAIC    
    166 SHS TIME WARNER INC 5,190 7,940
    50 SHS UNISYS CORP 4,132 865
    1000 SHS URANIUM ONE INC    
    200 SHS VODAFONE GP PLC ADS NEW    
    400 SHS VODAFONE GP PLC ADS NEW    
    100 SHS WALT DISNEY CO HLDG    
    200 SHS WALT DISNEY 5,143 9,958
    200 SHS WEATHERFORD INTERNATIONAL 2,938 2,238
    800 SHS WINDSTREAM CORP 7,899 6,624
    600 SHS WEYERHAEUSER CO 12,468 16,692
    300 SHS WHIRLPOOL CORP    
    100 SHS WILLIAMS CO INC    
    1000 SHS XEROX CORP 10,002 6,820
    100 SHS YAHOO INC    
    792 SHS DREYFUS PREMIER WORLDWIDE 25,300 35,969
    3270 SHS MAINSTAY FLOATING RATE FD A    
    633 SHS HIGHLAND FLOATING RT A    
    532 SHS HIGHLAND FLOATING RT ADV A    
    100 SHS GEN MTRS CO B MAND CV JR    
    100 SHS GENL MTRS CO B MAND CV JR 5,454 4,413
    200 SHS FORD CAPITAL TRUST II    
    50 SHS UNISYS CORP PFD SER A 2,891 2,640
    500 SHS ALCOA INC    
    100 SHS AGILENT TECHNOLOGIES 3,909 4,094
    500 SHS ALCOA INC 7,343 4,340
    200 SH ALPHA NATURAL RESOURCES INC 1,889 1,948
    1000 SHS ASTEX PHARMACEUTICALS INC 2,398 2,910
    1500 SHS AVG TECHNOLOGIES 17,612 23,745
    500 SHS BANK OF AMERICA 4,092 5,805
    900 SHS BEST BUY 15,698 10,665
    1000 SHS BOISE INC 8,988 7,950
    400 SHS DUPONT 15,102 17,991
    500 SHS CHESAPEAKE ENERGY 8,392 8,310
    200 SHS CLIFFS NATURAL RESOURCES 6,664 7,714
    1200 SHS CMS ENERGY CORP 7,806 29,256
    200 SHS COMCAST CORP (NEW) 3,570 7,472
    200 SHS ENCANA CORP 4,226 3,952
    300 SHS EXELON CORP 10,760 8,922
    500 SHS FACEBOOK 10,447 13,310
    1500 SHS FORD 17,496 19,425
    200 SHS FOSTER WHEELER 4,024 4,864
    400 SHS FOSTER WHEELER 7,992 9,728
    100 SHS FREEPORT MCMORAN 3,638 3,420
    4000 SHS FRONTIER COMMUNICATIONS 17,198 17,120
    100 SHS GAMESTOP 1,883 2,509
    1000 SHS GENERAL ELECTRIC 19,649 20,990
    1000 SHS GENWORTH FINANCIAL 6,335 7,510
    300 SHS GLOBE SPECIALTY METALS 4,403 4,125
    2000 SHS HUTCHINSON TECHNOLOGY 4,650 4,000
    1000 SHS INDEPENDENT BANK CORP 2,225 3,504
    100 SHS INGERSOLL RAND 3,984 4,796
    300 SHS INTERNATIONAL PAPER 7,742 11,952
    400 SHS KRONOS WORLDWIDE 6,420 7,800
    500 SHS MAGNUM HUNTER 1,943 1,995
    200 SHS MCDERMOTT INTERNATIONAL 3,792 2,204
    800 SHS MERCER INTL 6,131 5,728
    200 SHS MICROSOFT 5,252 5,342
    1000 SHS MOLYCORP 10,900 9,440
    446 SHS NORTHEAST UTILITIES 5,610 17,430
    19 SHS NRG ENERGY 714 437
    1000 SHS NIVIDIA CORP 14,451 12,260
    200 SHS PERFICIANT INC 2,386 2,356
    200 SHS PETROLEO BRAS SA 5,626 3,894
    500 SHS REPLIGEN 2,378 3,140
    200 SHS SEAGATE TECHNOLOGY 2,410 6,084
    200 SHS STILLWATER MINING 2,545 2,556
    200 SHS TEREX 3,446 5,622
    100 SHS THE MOSAIC 5,837 5,663
    100 SHS THE MOSAIC 5,667 5,663
    400 SHS TRONOX LTD 7,263 7,300
    1000 SHS TURQUOISE HILL RES LTD 9,956 7,610
    200 SHS UNISYS 3,238 3,460
    600 SHS VALE 12,764 12,576
    200 SHS VODAFONE 5,286 5,038
    100 SHS WILLIAMS CO INC 2,935 3,274
    400 SHS WINDSTREAM 3,504 3,312
    200 SHS YAHOO 3,405 3,980
    100 SHS GENL MTRS CO B 5,161 4,413
    350 SHS UNISYS PFD SER A 20,089 18,483
    15.425 SHS DREYFUS WORLDWIDE 694 701

    TY 2012 LandEtcSchedule2
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 5,434 5,278 156  


    TY 2012 OtherExpensesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 2,700      
    INVESTMENT LOSS        
    DONATION        


    TY 2012 OtherIncomeSchedule2
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENTERPRISE PROD 777   777


    TY 2012 OtherIncreasesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Description Amount
    CORRECTIONS TO COST BASIS 15,989


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY FINANCIAL MGT FEE 14,712 14,712    
    ACCOMPANIST        


    TY 2012 TaxesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WH TAX 403      
    FILING FEES 50      
    STATE REGISTRATION 101      
    2011 FEDERAL TAX 798      
    2011 OREGON TAX 45