Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
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 or province, country, and ZIP or foreign postal 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
E 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$1,097,852J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 3,107 3,107 3,107
4 Dividends and interest from securities...... 24,211 24,211 24,211
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 5,314
b Gross sales price for all assets on line 6a 473,735
7 Capital gain net income (from Part IV, line 2)... 324
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).......      
12 Total. Add lines 1 through 11........ 32,632 27,642 27,318
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 1,490      
c Other professional fees (attach schedule).... Click to see attachment 13,414 13,314    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 608      
19 Depreciation (attach schedule) and depletion... Click to see attachment 156    
20 Occupancy.............. 667      
21 Travel, conferences, and meetings....... 128      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,727      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,190 13,314   0
25 Contributions, gifts, grants paid........ 80,250 80,250
26 Total expenses and disbursements. Add lines 24 and 25 99,440 13,314   80,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -66,808
b Net investment income (if negative, enter -0-) 14,328
c Adjusted net income (if negative, enter -0-)... 27,318
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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.......... 36,731 26,364 26,364
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 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)........ 728,476 Click to see attachment690,990 1,071,488
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) bullet5,434 156    
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 765,647 717,354 1,097,852
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 765,647 717,354
30 Total net assets or fund balances (see page 17 of the
instructions).................... 765,647 717,354
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 765,647 717,354
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)............... 1 765,647
2 Enter amount from Part I, line 27a..................... 2 -66,808
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 18,515
4 Add lines 1, 2, and 3.......................... 4 717,354
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. 6 717,354
Form 990-PF (2013)
Form 990-PF (2013)
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 2 324
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))
2012 64,816 981,266 0.066053
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
2 Total of line 1, column (d) ...................... 2 0.302453
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 0.060491
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,031,808
5 Multiply line 4 by line 3....................... 5 62,415
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 143
7 Add lines 5 and 6......................... 7 62,558
8 Enter qualifying distributions from Part XII, line 4.............. 8 80,250
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 (2013)
Form 990-PF (2013)
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 1 143
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............................ 3 143
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- ..... 5 143
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 100
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.............. 7 100
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 43
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 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 2013 or the taxable year beginning in 2013 (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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 2013 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 2013.)....................
    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 2013?
    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 (2013)
    Form 990-PF (2013)
    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 (2013)
    Form 990-PF (2013)
    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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    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
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    51,590
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    143
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    143
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    51,447
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    51,447
    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
    51,447
    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
     
    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
     
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 51,447
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 26,827
    b From 2009.......  
    c From 2010....... 17,503
    d From 2011....... 5,027
    e From 2012....... 16,121
    fTotal of lines 3a through e......... 65,478
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 80,250
    a Applied to 2012, 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 2013 distributable amount..... 51,447
    e Remaining amount distributed out of corpus 28,803
    5 Excess distributions carryover applied to 2013.    
    (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 94,281
    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 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		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 2008 not
    applied on line 5 or line 7 (see instructions) ...     		26,827
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		67,454
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010.... 17,503
    c Excess from 2011.... 5,027
    d Excess from 2012.... 16,121
    e Excess from 2013.... 28,803
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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 address 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 (2013)
    Form 990-PF (2013)
    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
    ANN ARBOR SYMPHONY ENSEMBLES OF THE
    220 E HURON ST STE 470
    ANN ARBOR,MI48103     		NONE 501(C)(3) MUSIC DEPARTMENT 5,000
    SARAH BOUSE
    2426 TEMPLE COURT
    INDIANAPOLIS,IN46240     		NONE STUDENT CLASSICAL MUSIC EDUCATION 2,000
    SUSAN LUTTABACK
    2441 N DELAWARE STREET
    INDIANAPOLIS,IN46205     		    CLASSICAL MUSIC EDUCATION 2,000
    AARON TRUMBONE
    PO BOX 251
    TELFORD,PA18969     		    CLASSICAL MUSIC EDUCATION 2,000
    ALEXIS AIME
    OBERLIN CONSERVATORY
    OCMR 0042
    OBERLIN,OH44074     		    CLASSICAL MUSIC EDUCATION 2,000
    STEPHANIE MIEGOINE
    309 KENDALE AVENUE
    APARTMENT C
    KALAMAZOO,MI49006     		    CLASSICAL MUSIC EDUCATION 2,000
    KATHERINE YOUNG
    4821 N WOLCOTT AVENUE
    APARTMENT 3B
    CHICAGO,IL60640     		    CLASSICAL MUSIC EDUCATION 2,000
    LAETICIA LEHMAN-PEAUSALL
    5345 TAYLOR AVENUE NE
    BAINBRIDGE ISLAND,WA98110     		    CLASSICAL MUSIC EDUCATION 2,000
    ELAINE LANZE
    1313 HAMPTON VALLEY ROAD
    CARY,NC27511     		    CLASSICAL MUSIC EDUCATION 2,000
    ANNE CLARK
    454 23RD ROAD
    MORGANVILLE,KS674689117     		    CLASSICAL MUSIC EDUCATION 2,000
    MARIANA CUTIGLET
    15805 REVA ROAD
    REVA,VA22735     		    CLASSICAL MUSIC EDUCATION 2,000
    JOHN BRIDGMAN
    506 SOUTHWOOD DRIVE
    MAHOMET,IL61853     		    CLASSICAL MUSIC EDUCATION 2,000
    LUCAS HOPKINS
    1909 ASBURY AVENUE 2
    EVAMOTON,IL60201     		    CLASSICAL MUSIC EDUCATION 2,000
    SAINT VLADIMIR ORTHODIX CHURCH
    9900 JACKSON ROAD
    DEXTER,MI48130     		    MUSIC APPRECIATION 250
    NICOLE CHRISTIAN
    7723 E EASTER LANE
    CENTENNIAL,CO80112     		    CLASSICAL MUSIC EDUCATION 2,000
    ALEXANDER BAI
    125 BRENTWOOD DRIVE
    EGG HARBOR TOWNSHIP,NJ08234     		    CLASSICAL MUSIC EDUCATION 2,000
    DANA BRINK
    206 E KRISTA WAY
    TEMPE,AZ85284     		    CLASSICAL MUSIC EDUCATION 2,000
    MICHAELA WALZ
    232 OAK RIDGE DRIVE
    EUREKA,MO63025     		    CLASSICAL MUSIC EDUCATION 2,000
    BENJAMIN LOUGHEED
    2365 PLACID WAY
    ANN ARBOR,MI48103     		    CLASSICAL MUSIC EDUCATION 2,000
    DAVID M VON BEHNEN
    2711 FULTON STREET
    FALLS CITY,NE68355     		    CLASSICAL MUSIC EDUCATION 2,000
    MARGARET AUSTIN
    820 N LA SALLE BLVD
    CHICAGO,IL60610     		    CLASSICAL MUSIC EDUCATION 2,000
    CAITLIN LEILANI HILL
    3000 WINDTREE CT
    BELLINGHAM,WA98229     		    CLASSICAL MUSIC EDUCATION 2,000
    LAURA A COULISHAW
    109 LEOLA STREET
    SILSBEE,TX77656     		    CLASSICAL MUSIC EDUCATION 2,000
    REBECCA SMITHORN
    214 BECKELY STREET 14
    ROCHESTER,NY14607     		    CLASSICAL MUSIC EDUCATION 2,000
    CYRUS WOLFF
    7274 DAVENPORT ROAD
    PRINCETON,MN55371     		    CLASSICAL MUSIC EDUCATION 2,000
    RACHEL LEE HALL
    2608 COACHMAN CIRCLE
    ROANOKE,VA24012     		    CLASSICAL MUSIC EDUCATION 2,000
    SETHU PALMER
    65 SUNCREST DRIVE
    SOMERS,CT06071     		    CLASSICAL MUSIC EDUCATION 2,000
    Total .................................bullet 3a 80,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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....          
    3
    Interest on savings and temporary cash investments ............     		    14 3,107  
    4 Dividends and interest from securities....     14 24,211  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 324 4,990
    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)..   27,642 4,990
    13Total. Add line 12, columns (b), (d), and (e)..................
    1332,632
    (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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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 (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,490      

    TY 2013 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 2013 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 3,821 200DB 5.0000 113      
    LAP TOP COMPUTER 2008-10-24 1,500 1,457 200DB 5.0000 43      

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    TY 2013 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
    AGILENT TECHNOLOGIES 2012-07 PURCHASE 2013-02   4,288 3,988     300  
    AMER INTL 2013-01 PURCHASE 2013-11   4,850 3,918     932  
    ASTEX 2013-06 PURCHASE 2013-09   4,100 2,180     1,920  
    ASTEX 2012-11 PURCHASE 2013-09   8,470 2,589     5,881  
    ASTEX 2013-06 PURCHASE 2013-10   4,250 2,087     2,163  
    BEST BUY 2012-08 PURCHASE 2013-02   5,203 6,074     -871  
    BEST BUY 2012-08 PURCHASE 2013-03   5,287 5,839     -552  
    BEST BUY 2012-11 PURCHASE 2013-04   5,323 2,743     2,580  
    BEST BUY 2012-11 PURCHASE 2013-05   2,574 1,368     1,206  
    BOISE 2012-09 PURCHASE 2013-09   12,550 9,270     3,280  
    CLIFFS NATURAL RESOURCES 2012-10 PURCHASE 2013-08   2,188 3,761     -1,573  
    CLIFFS NATURAL RESOURCES 2012-11 PURCHASE 2013-08   2,188 3,001     -813  
    CLIFFS NATURAL RESOURCES 2013-02 PURCHASE 2013-08   4,376 5,983     -1,607  
    COEUR D'ALENE MINES 2013-04 PURCHASE 2013-12   4,345 7,457     -3,112  
    DREYFUS WORLDWIDE 2012-05 PURCHASE 2013-01   145 139     6  
    DREYFUS WORLDWIDE 2012-08 PURCHASE 2013-01   217 201     16  
    DREYFUS WORLDWIDE 2012-11 PURCHASE 2013-01   107 102     5  
    DREYFUS WORLDWIDE 2012-12 PURCHASE 2013-01   165 160     5  
    DREYFUS WORLDWIDE 2012-12 PURCHASE 2013-01   95 92     3  
    EXELON 2013-01 PURCHASE 2013-12   2,738 3,233     -495  
    FACEBOOK 2012-11 PURCHASE 2013-03   13,361 10,685     2,676  
    GAMESTOP 2012-08 PURCHASE 2013-01   2,258 1,928     330  
    GENWORTH 2012-12 PURCHASE 2013-07   6,391 3,311     3,080  
    HALCON 2013-07 PURCHASE 2013-12   4,033 5,815     -1,782  
    HUTCHINSON TECHNOLOGY 2012-04 PURCHASE 2013-02   3,030 2,367     663  
    KRONOS WORLDWIDE 2012-11 PURCHASE 2013-10   6,200 6,556     -356  
    LINNCO LLC 2013-02 PURCHASE 2013-09   6,265 7,933     -1,668  
    MAGNUM HUNTER RESOURCES 2012-12 PURCHASE 2013-09   2,791 2,006     785  
    MERCER INTL 2012-02 PURCHASE 2013-02   2,860 3,551     -691  
    MOLYCORP 2012-06 PURCHASE 2013-05   1,426 4,593     -3,167  
    MOLYCORP 2012-08 PURCHASE 2013-05   2,139 3,225     -1,086  
    MOLYCORP 2013-04 PURCHASE 2013-05   3,546 2,672     874  
    MOLYCORP 2013-01 PURCHASE 2013-12   1,492 3,557     -2,065  
    MOLYCORP 2013-01 PURCHASE 2013-12   3,481 6,316     -2,835  
    NVIDIA CORP 2012-08 PURCHASE 2013-05   4,288 4,586     -298  
    NVIDIA 2013-08 PURCHASE 2013-11   4,563 4,692     -129  
    OMNIVISION TECHNOLOGIES 2013-02 PURCHASE 2013-08   12,754 11,454     1,300  
    PERFICIANT INC 2012-07 PURCHASE 2013-06   2,641 2,430     211  
    PETROLEO BRAS 2013-07 PURCHASE 2013-12   2,798 2,962     -164  
    PMC SIERRA 2013-06 PURCHASE 2013-12   3,012 3,194     -182  
    TRONOX 2013-04 PURCHASE 2013-09   4,997 4,119     878  
    TURQUOISE HILL RES LTD 2013-08 PURCHASE 2013-12   3,173 4,109     -936  
    VALE 2012-02 PURCHASE 2013-01   4,145 5,257     -1,112  
    VALE 2012-08 PURCHASE 2013-07   5,717 7,718     -2,001  
    VODAFONE 2012-12 PURCHASE 2013-08   6,382 5,429     953  
    VODAFONE 2013-03 PURCHASE 2013-10   7,082 5,810     1,272  
    WENDY'S 2013-02 PURCHASE 2013-11   3,956 2,793     1,163  
    BANCO SANTANDER 2013-08 PURCHASE 2013-11   11       11  
    CLIFFS 2013-03 PURCHASE 2013-11   6,900 5,643     1,257  
    CORTS 2013-02 PURCHASE 2013-09   3,036 4,432     -1,396  
    TURQUOISE HILL 2013-08 PURCHASE 2013-12   806 1,143     -337  
    UNISYS 2012-02 PURCHASE 2013-01   6,065 6,025     40  
    UNISYS 2012-10 PURCHASE 2013-02   6,644 5,532     1,112  
    UNISYS 2012-10 PURCHASE 2013-06   6,021 5,400     621  
    AVG 2012-02 PURCHASE 2013-06   5,788 4,259     1,529  
    AVG 2012-02 PURCHASE 2013-08   6,575 4,186     2,389  
    AVG 2012-10 PURCHASE 2013-11   6,838 4,165     2,673  
    BANCO SANTANDER 2011-09 PURCHASE 2013-07   5,836 7,792     -1,956  
    CHESAPEAKE 2011-11 PURCHASE 2013-05   10,771 13,188     -2,417  
    EXELON 2012-11 PURCHASE 2013-12   9,180 10,936     -1,756  
    FOSTER WHEELER 2012-04 PURCHASE 2013-11   5,815 4,589     1,226  
    FRONTIER 2012-01 PURCHASE 2013-06   8,275 10,423     -2,148  
    GLOBE SPECIALTY 2012-02 PURCHASE 2013-03   4,204 4,477     -273  
    HUTCHINSON TECHNOLOGY 2012-05 PURCHASE 2013-05   2,085 1,205     880  
    MCDERMOTT 2011-06 PURCHASE 2013-11   1,410 3,822     -2,412  
    MERCER 2012-05 PURCHASE 2013-11   4,156 2,722     1,434  
    NVIDIA 2012-09 PURCHASE 2013-11   10,648 10,139     509  
    PETROLEO BRAS 2012-01 PURCHASE 2013-10   3,448 5,702     -2,254  
    STILLWATER MINING 2011-07 PURCHASE 2013-04   3,310 5,272     -1,962  
    TURQUOISE HILL 2012-06 PURCHASE 2013-12   3,173 7,851     -4,678  
    WEYERHAEUSER 2011-03 PURCHASE 2013-02   6,096 4,905     1,191  
    ALCOA 2010-03 PURCHASE 2013-07   4,112 7,435     -3,323  
    ALLEGION 2006-06 PURCHASE 2013-12   14       14  
    BABCOCK & WILCOX 2010-09 PURCHASE 2013-11   3,191 2,323     868  
    CENTURYLINK 2010-09 PURCHASE 2013-12   15,486 18,724     -3,238  
    CMS 2013-05 PURCHASE 2013-07   8,076 2,054     6,022  
    DREYFUS 2011-12 PURCHASE 2013-01   37,403 25,300     12,103  
    DTE 2006-06 PURCHASE 2013-07   14,112 8,218     5,894  
    FRONTIER 2010-06 PURCHASE 2013-01   4,342 6,810     -2,468  
    GENL MTRS 2010-12 PURCHASE 2013-03   8,686 10,769     -2,083  
    HANSEN 2007-07 PURCHASE 2013-12   685 7,926     -7,241  
    ISHARES 2009-02 PURCHASE 2013-07   27,369 15,379     11,990  
    JAMES RIVER 2010-08 PURCHASE 2013-02   571 3,401     -2,830  
    PARAGON SHIPPING 2009-10 PURCHASE 2013-04   772 8,210     -7,438  
    PMC 2010-12 PURCHASE 2013-12   3,012 4,252     -1,240  
    TURQUOISE HILL 2012-06 PURCHASE 2013-12   806 2,186     -1,380  
    UNISYS 2012-01 PURCHASE 2013-01   6,065 6,023     42  
    UNISYS 2002-09 PURCHASE 2013-07   1,242 4,160     -2,918  
    WALT DISNEY 2005-08 PURCHASE 2013-01   5,440 2,680     2,760  
    WINDSTREAM 2009-08 PURCHASE 2013-08   2,458 2,027     431  
    YAHOO 2010-01 PURCHASE 2013-02   4,238 3,483     755  

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Name of Stock End of Year Book Value End of Year Fair Market Value
    33 SHARES ALLEGION PUB LTD   1,458
    300 SHS AMERICAN AIRLS GROUP 4,941 7,575
    200 SHS AMERICAN AIRLS GROUP 3,711 5,050
    300 SHS AT&T INC 8,207 10,548
    500 SHS AVG TECHNOLOGIES 5,392 8,605
    500 SHS AVG TECHNOLOGIES 6,520 8,605
    300 SHS AVX CORP 4,159 4,179
    100 SHS BABCOCK & WILCOX    
    100 SHS BABCOCK & WILCOX CO(BWC) 2,255 3,419
    812 SHS BANCO SANTANDER S.A.    
    26 SHS BANCO SANTANDER S.A. 238 236
    500 SHS BANK OF AMERICA 5,122 7,785
    200 SHS BANK OF AMERICA 2,604 3,114
    800 SHS BARRICK GOLD CORP 13,906 14,104
    100 SHS BP PLC ADS 4,433 4,861
    100 SHS BP PLC ADS 4,481 4,861
    1600 SHS CANADIAN NAT RESOURCES LTD 6,553 54,144
    200 SHS CTRPNT ENRGY INC(HLDGS CO) 3,836 4,636
    500 SHS CENTURYLINK (CTL)    
    500 SHS CENTURYLINK 16,136 15,925
    500 SHS CHESAPEAKE ENERGY    
    900 SHS CMS ENERGY 5,913 24,093
    300 SHS CORNING INC 4,691 5,346
    300 SHS DTE ENERGY 11,904 19,917
    200 SHS DTE ENERGY    
    1000 SHS ELDORADO GOLD CORP 4,060 5,690
    200 SHS EXELON CORP 5,803 5,478
    200 SHS FIRSTENERGY CORP 5,250 6,596
    100 SHS FREEPORT MCMORAN CP&GLD 3,933 3,774
    1000 SHS FRONTIER COMMUNICATIONS COR    
    1000 SHS FRONTIER COMMUNICATIONS    
    200 SHS GENERAL ELECTRIC CO (GE) 3,308 5,606
    800 SHS GENERAL ELECTRIC CO 14,392 22,424
    500 SHS GENWORTH 3,168 7,765
    500 SHS GENWORTH 4,751 7,765
    400 SHS HANSEN MEDICAL INC    
    500 SHS HANSEN MEDICAL INC 1,642 865
    200 SHS HEWLETT PACKARD CO 2,708 5,596
    1000 SHS HUNTINGTON BANCSHARES(HBAN) 5,264 9,650
    500 SHS HUNTINKGTON BANCSHARES 3,815 4,825
    1000 SHS HUNTSMAN CORP 22,605 24,600
    500 SHS HUTCHINSON 1,170 1,600
    1000 SHS HUTCHINSON 3,608 3,200
    500 SHS INTL BUSINESS MACH 25,765 93,785
    700 SHS ISHARES S&P PREF STK INDX    
    200 SHS JAMES RIVER COAL CO NEW    
    300 SHS JP MORGAN CHASE 11,136 17,544
    200 SHS MDU RES GROUP INC (MDU) 4,020 6,110
    500 SHS MOLYCORP 3,142 2,810
    500 SHS OCCIDENTAL PETR CORP 4,492 47,550
    200 SHS OWENS CORNING 8,274 8,144
    2000 SHS PARAGON SHIPPING INC    
    500 SHS PMC SIERRA INC    
    1100 SHS POTASH CP OF SASKATCHEWAN I 35,599 36,256
    1000 SHS PRECISION DRILLING CORP 5,643 9,370
    630 SHS PUBLIC SERV ENTERPRISE 8,859 20,185
    300 SHS STILLWATER MINING    
    2500 SHS SYNTA PHARMACEUTICALS 15,039 13,100
    700 SHS THE MOSAIC 34,617 33,089
    166 SHS TIME WARNER INC 5,190 11,574
    400 SHS TRONOX LTD 8,044 9,228
    500 SHS TRONOX LTD 9,577 11,535
    50 SHS UNISYS CORP    
    400 SHS VALE 8,069 6,100
    400 SHS VALE 5,955 6,100
    400 SHS VALE 5,774 6,100
    100 SHS WALT DISNEY    
    100 SHS WALT DISNEY 2,572 7,640
    200 SHS WEATHERFORD INTERNATIONAL 2,938 3,098
    500 SHS WINDSTREAM CORP    
    300 SHS WINDSTREAM CORP 4,885 3,990
    400 SHS WEYERHAEUSER CO 7,675 12,628
    200 SHS WEYERHAEUSER CO    
    1000 SHS XEROX CORP 10,002 12,170
    500 SHS XEROX CORP 5,116 6,085
    500 SHS XEROX CORP 5,111 6,085
    792 SHS DREYFUS PREMIER WORLDWIDE    
    100 SHS GENL MTRS CO B MAND CV JR    
    50 SHS UNISYS CORP PFD SER A    
    100 SHS AGILENT TECHNOLOGIES    
    500 SHS ALCOA INC    
    200 SH ALPHA NATURAL RESOURCES INC 1,889 1,428
    1000 SHS ASTEX PHARMACEUTICALS INC    
    1000 SHS AVG TECHNOLOGIES    
    500 SHS BANK OF AMERICA 4,092 7,785
    900 SHS BEST BUY    
    1000 SHS BOISE INC    
    400 SHS DUPONT 15,102 25,988
    500 SHS CHESAPEAKE ENERGY 8,392 13,570
    200 SHS CLIFFS NATURAL RESOURCES    
    1200 SHS CMS ENERGY CORP    
    200 SHS COMCAST CORP (NEW) 3,570 10,393
    200 SHS ENCANA CORP 4,226 3,610
    300 SHS EXELON CORP    
    500 SHS FACEBOOK    
    1500 SHS FORD 17,496 23,145
    200 SHS FOSTER WHEELER 4,024 6,600
    200 SHS FOSTER WHEELER 3,528 6,600
    200 SHS FOSTER WHEELER    
    100 SHS FREEPORT MCMORAN 3,638 3,774
    200 SHS FREEPORT MCMORAN 6,347 7,548
    100 SHS FREEPORT MCMORAN 3,021 3,774
    3000 SHS FRONTIER COMMUNICATIONS 11,779 13,950
    1000 SHS FRONTIER COMMUNICATIONS    
    100 SHS GAMESTOP    
    1000 SHS GENERAL ELECTRIC 19,649 28,030
    500 SHS GENWORTH FINANCIAL    
    300 SHS GLOBE SPECIALTY METALS    
    1500 SHS HUTCHINSON TECHNOLOGY    
    1000 SHS INDEPENDENT BANK CORP 2,225 12,000
    100 SHS INGERSOLL RAND 3,984 6,160
    300 SHS INTERNATIONAL PAPER 7,742 14,709
    400 SHS KRONOS WORLDWIDE    
    500 SHS MAGNUM HUNTER    
    200 SHS MCDERMOTT INTERNATIONAL    
    800 SHS MERCER INTL    
    200 SHS MICROSOFT 5,252 7,482
    500 SHS MOLYCORP    
    446 SHS NORTHEAST UTILITIES 5,610 18,906
    19 SHS NRG ENERGY 714 546
    1000 SHS NIVIDIA CORP    
    200 SHS PERFICIANT INC    
    200 SHS PETROLEO BRAS SA    
    500 SHS REPLIGEN 2,378 6,820
    200 SHS SEAGATE TECHNOLOGY 2,410 11,232
    200 SHS STILLWATER MINING 2,545 2,468
    200 SHS TEREX 3,446 8,398
    100 SHS THE MOSAIC 5,837 4,727
    100 SHS THE MOSAIC 5,667 4,727
    400 SHS TRONOX LTD 7,263 9,228
    1000 SHS TURQUOISE HILL RES LTD    
    200 SHS UNISYS 3,238 6,714
    200 SHS VALE    
    200 SHS VODAFONE    
    100 SHS WILLIAMS CO INC 2,935 3,857
    400 SHS WINDSTREAM 3,504 3,192
    200 SHS YAHOO    
    100 SHS GENL MTRS CO B    
    350 SHS UNISYS PFD SER A    
    15.425 SHS DREYFUS WORLDWIDE    
    2000 SHS THOMPSON CREEK METALS 33,682 26,080
    1900 SHS CLIFFS NATURAL 37,722 43,624
    400 SHS CORP ASSET BACKED 6,989 6,832
    200 SHS CORTS TRUST FOR JCP 3,121 3,420

    TY 2013 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 5,434    


    TY 2013 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 2,727      


    TY 2013 OtherIncreasesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Description Amount
    ADJUSTMENTS TO COST BASIS 18,515


    TY 2013 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 13,314 13,314    
    ACCOMPANIST 100      


    TY 2013 TaxesSchedule
    Name:
    SIGURD & JARMILA RISLOV FOUNDATION
    EIN: 93-1247286
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WH TAX 297      
    FILING FEES        
    STATE REGISTRATION 20      
    2012 FEDERAL TAX 189      
    2012 OREGON TAX 102