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
JA WEDUM FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2615 UNIVERSITY AVENUE SE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55414
A Employer identification number

41-6025661
B Telephone number (see instructions)

(612) 789-3363
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$165,271,855J 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) 502,216
2 Check bullet
3 Interest on savings and temporary cash investments 288,115 288,115  
4 Dividends and interest from securities......      
5a Gross rents.............. 62,388 62,388  
b Net rental income or (loss) 62,388
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,093,117
b Gross sales price for all assets on line 6a 7,384,022
7 Capital gain net income (from Part IV, line 2)...  
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 34,756,590   34,756,590
12 Total. Add lines 1 through 11........ 36,702,426 350,503 34,756,590
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 215,485      
14 Other employee salaries and wages...... 106,494      
15 Pension plans, employee benefits....... 18,107      
16a Legal fees (attach schedule)......... Click to see attachment 3,588      
b Accounting fees (attach schedule)....... Click to see attachment 13,710      
c Other professional fees (attach schedule)....        
17 Interest............... 5,386,384   5,386,384  
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,791,384 8,479 3,782,905
20 Occupancy.............. 17,924,242      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 2,870,686   2,646,846  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,330,080 8,479 11,816,135 0
25 Contributions, gifts, grants paid........ 1,438,131 1,438,131
26 Total expenses and disbursements. Add lines 24 and 25 31,768,211 8,479 11,816,135 1,438,131
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,934,215
b Net investment income (if negative, enter -0-) 342,024
c Adjusted net income (if negative, enter -0-)... 22,940,455
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.......... 6,877,470 8,257,786 8,257,786
3 Accounts receivable bullet2,231,300
Less: allowance for doubtful accounts bullet   2,129,138 2,231,300 2,231,300
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........... 344,019 208,468 208,468
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,693,902 Click to see attachment8,954,474 11,583,761
c Investments—corporate bonds (attach schedule)........ 1,241,232 Click to see attachment781,555 789,321
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 359,108 Click to see attachment966,735  
14 Land, buildings, and equipment: basis bullet124,029,687
Less: accumulated depreciation (attach schedule) bullet36,201,523 90,940,316 Click to see attachment87,828,164 124,208,856
15 Other assets (describe bullet) Click to see attachment17,280,079 Click to see attachment17,992,363 Click to see attachment17,992,363
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 124,865,264 127,220,845 165,271,855
Liabilities 17 Accounts payable and accrued expenses.......... 461,591 1,149,614
18 Grants payable................... 10,000 25,500
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 116,987,136 Click to see attachment115,008,570
22 Other liabilities (describe bullet) Click to see attachment3,673,179 Click to see attachment2,928,662
23 Total liabilities (add lines 17 through 22).......... 121,131,906 119,112,346
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,733,358 8,108,589
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,733,358 8,108,589
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 124,865,264 127,220,935
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 3,733,358
2 Enter amount from Part I, line 27a..................... 2 4,934,215
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 8,667,573
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 558,984
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,108,589
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  
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 1,204,378 14,606,317 0.082456
2011 1,054,772 12,033,316 0.087654
2010 1,208,823 9,527,629 0.126876
2009 3,789,434 10,580,063 0.358167
2008 229,924 8,185,677 0.028089
2 Total of line 1, column (d) ...................... 2 0.683242
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 0.136648
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 18,111,308
5 Multiply line 4 by line 3....................... 5 2,474,874
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,420
7 Add lines 5 and 6......................... 7 2,478,294
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,438,131
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 6,840
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 6,840
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 6,840
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 13,098
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 13,098
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 6,258
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet6,258 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)
    bulletMN
    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
     
     
    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 addressbulletWWW.WEDUMFOUNDATION.ORG
    14
    The books are in care ofbulletJAY PORTZ Telephone no.bullet (612) 789-3363
    Located atbullet2537 UNIVERSITY AVE SEMINNEAPOLISMN ZIP+4bullet55414
    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
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 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
    FRANK STARKEClick to see attachment CHAIRMAN
    1.00     		10,900 0 0
    10824 SHOREWOOD LANE
    BRANDON,MN56315
    DAVID KJOSClick to see attachment TREASURER
    1.00     		900 0 0
    2615 UNIVERSITY AVENUE SE
    MINNEAPOLIS,MN55414
    DAYTON SOBYClick to see attachment SECRETARY
    1.00     		900 0 0
    3545 DUNBAR KNOLL
    BROOKLYN PARK,MN55443
    GARY SLETTEClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    134 - 3RD AVENUE EAST
    TWIN FALLS,ID83301
    DALE VESLEDAHLClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    14821 JACOBS LANE
    MINNETONKA,MN55345
    DANA WEDUM KENNELLYClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    4721 SPRING CIRCLE
    MINNETONKA,MN55345
    DAWN DOWNSClick to see attachment BOARD MEMBER
    1.00     		900 0 0
    22278 DIXIE RIVER ROAD
    CALDWELL,ID83607
    JOSEPH A RUSCHEClick to see attachment VICE CHAIR O
    1.00     		900 0 0
    3050 METRO PARKWAY SUITE 200
    MINNEAPOLIS,MN55425
    JAY PORTZClick to see attachment PRESIDENT
    40.00     		198,285 0 0
    2206 HERITAGE DRIVE
    ST CLOUD,MN55301
    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
    KELLIE TESCHClick to see attachment OFFICE ADMIN
    40.00     		98,539    
    2615 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414
    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
    905,565
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    6,840
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,840
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    898,725
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    898,725
    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
    898,725
    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 7 898,725
    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.......  
    b From 2009....... 3,264,529
    c From 2010....... 735,946
    d From 2011....... 456,804
    e From 2012....... 480,079
    fTotal of lines 3a through e......... 4,937,358
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,438,131
    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..... 898,725
    e Remaining amount distributed out of corpus 539,406
    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 5,476,764
    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) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		5,476,764
    10 Analysis of line 9:
    a Excess from 2009.... 3,264,529
    b Excess from 2010.... 735,946
    c Excess from 2011.... 456,804
    d Excess from 2012.... 480,079
    e Excess from 2013.... 539,406
    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:
    JAY PORTZ
    2615 UNIVERSITY AVENUE
    MINNEAPOLIS,MN55414
    (612) 789-3363
    bThe form in which applications should be submitted and information and materials they should include:
    RESUME OF ACADEMIC QUALIFICATIONS OR STANDARD GRANT APPL
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE IS GIVEN TO DONEE LOCATED IN ALEXANDRIA, MN AREA
    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
    ABLE INC
    1951 1ST ST W
    DICKINSON,ND58601     		    SOCIAL SERVICES 2,000
    ALEXANDRA AREA COMMUNITY FOUNDATION
    PO BOX 488
    ALEXANDRIA,MN56308     		    SOCIAL ASSISTANCE 10,000
    ALEXANDRIA TECHNICAL COLLEGE
    1601 JEFFERSON STREET
    ALEXANDRIA,MN56308     		    EDUCATION 29,160
    ALZHEIMER'S ASSOCIATION
    1730 28TH STREET
    WEST DES MOINES,IA50325     		    HEALTH - IOWA CHAPTER 4,000
    AMERICAN CANCER SOCIETY
    PO BOX 96011
    OKLAHOMA CITY,OK73123     		    HEALTH 2,500
    ASSISTANCE LEAGUE OF MINNEAPOLIS
    6416 PENN AVE S
    RICHFIELD,MN55423     		    SOCIAL SERVICES 10,000
    BELGRADE-BROOTEN-ELROSA HIGH SCHOOL
    710 WASHBURN AVENUE
    PO BOX 339
    BELGRADE,MN56312     		    EDUCATION 30,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE
    ST PAUL,MN55122     		    EDUCATION 2,500
    BREAKTHROUGH SAINT PAUL
    2051 LARPENTEUR AVE E
    SAINT PAUL,MN55109     		    EDUCATION 2,500
    BROOTEN FOUNDATION
    PO BOX 400
    BROOTEN,MN56316     		    SOCIAL ASSISTANCE 5,000
    CAMPHILL VILLAGE MINNESOTA
    15136 CELTIC DRIVE
    SAUK CENTRE,MN55378     		    SOCIAL SERVICES 2,000
    CAPONI ART PARK & LEARNING CENTER
    1205 DIFFLEY RD
    EAGAN,MN55123     		    CULTURAL 12,500
    CARING BRIDGE
    PO BOX 6032
    ALBERT LEA,MN560076632     		    HEALTH 3,000
    CENTRAL LAKES COLLEGE
    1830 AIRPORT ROAD
    STAPLES,MN56479     		    EDUCATION 830
    CENTRAL MN ELDER NETWORK
    420 12TH AVE E
    ALEXANDRIA,MN56308     		    ASSISTANCE OF THE AGING 9,500
    CLEARWATER FRIENDS OF THE LIBRARY
    822 CLEARWATER CENTER
    PO BOX 335
    CLEARWATER,MN55320     		    CULTURAL 1,000
    COLLEGE OF SOUTHERN IDAHO FOUNDATIO
    315 FALLS AVENUE
    PO BOX 1238
    TWIN FALLS,ID83303     		    EDUCATION 2,500
    COLLEGE OF ST BENEDICT
    37 S COLLEGE AVENUE
    ST JOSEPH,MN56374     		    EDUCATION 2,200
    COMMUNITY EMERGENCY SERVICE
    1900 11TH AVE S
    MINNEAPOLIS,MN55404     		    SOCIAL SERVICES 2,000
    CONCORDIA COLLEGE
    901 - 8TH STREET S
    MOORHEAD,MN56562     		    EDUCATION 31,000
    DAV PROJECT HOPE INC
    152 SOUTH 150 EAST
    BURLEY,ID83318     		    SOCIAL SERVICES 5,000
    DICKINSON STATE UNIVERSITY FOUNDATI
    230 8TH AVENUE WEST
    DICKINSON,ND58601     		    EDUCATION 5,000
    DISTRICT 742 LEAF
    PO BOX 1132
    ST CLOUD,MN56301     		    EDUCATION 4,000
    DODOMA TANZANIA HEALTH DEVELOPMENT
    8085 WAYZATA BLVD
    SUITE 203
    GOLDEN VALLEY,MN55426     		    HEALTH 3,000
    DOLLARS FOR SCHOLARS
    PO BOX 309
    ALEXANDRIA,MN56308     		    EDUCATION 30,000
    DOUGLAS COUNTY CAR CARE PROGRAM
    110 6TH AVENUE E
    ALEXANDRIA,MN56308     		    SOCIAL SERVICES 10,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		    EDUCATION 20,000
    EAST SIDE NEIGHBORHOOD SERVICES IN
    1700 SECOND STREET NE
    MINNEAPOLIS,MN55413     		    SOCIAL SERVICES 5,000
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NW
    COON RAPIDS,MN55433     		    SOCIAL SERVICES 6,000
    FERGUS AREA COLLEGE FOUNDATION INC
    1414 COLLEGE WAY
    FERGUS FALLS,MN565371000     		    EDUCATION 65,000
    FERGUS FALLS 544 EDUCATION FOUNDATI
    518 FRIBERG AVENUE
    FERGUS FALLS,MN56537     		    EDUCATION 2,500
    FIFTH JUDICIAL DISTRICT CASA PROGRA
    516 BRIDGE STREET
    TWIN FALLS,ID83301     		    SOCIAL SERVICES 5,000
    FIFTY LAKES PROPERTY OWNERS ASSOC
    40630 WEST FOX LAKE ROAD
    FIFTY LAKES,MN56448     		    SCIENCE 1,000
    GRAND CIRCLE FOUNDATION
    347 CONGRESS STREET
    BOSTON,MA02210     		    SOCIAL SERVICES 1,500
    GREATER LAKE CITY COMMUNITY FOUNDAT
    PO BOX 86
    LAKE CITY,MN55041     		    SOCIAL ASSISTANCE 10,000
    HEAD4AWARENESS
    PO BOX 304
    CHASKA,MN55318     		    HEALTH 1,000
    HONOR FLIGHT OF IDAHO
    PO BOX 191008
    BOISE,ID83716     		    SOCIAL SERVICES 25,000
    IDAHO FFA FOUNDATION INC
    3401 WEST PINE AVENUE
    MERIDIAN,ID83642     		    EDUCATION 6,000
    JERICHO ROAD MINISTRIES
    1628 EAST 33RD STREET
    MINNEAPOLIS,MN55407     		    SOCIAL ASSISTANCE 2,000
    JUNIOR ACHIEVEMENT OF THE UPPERMIDW
    1800 WHITE BEAR AVE N
    MAPLEWOOD,MN55109     		    EDUCATION 2,500
    KETCHUM-SUN VALLEY ROTARY CLUB FOUN
    PO BOX 603
    KETCUM,ID83340     		    SOCIAL SERVICES 5,000
    KIDS FIRST CAST INC
    1538 11TH AVE N
    PO BOX 3915
    NAMPA,ID836533916     		    SOCIAL SERVICES 1,200
    KNUTE NELSON
    420 12TH AVENUE E
    ALEXANDRIA,MN56308     		    ASSISTANCE TO AGING 5,000
    LOVE INC OF DOUGLAS COUNTY LAKES
    803 N NOKOMIS STREET
    SUITE 300
    ALEXANDRIA,MN56308     		    SOCIAL SERVICES 500
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		    EDUCATION 800
    LUTHER CREST
    8231 CTY RD 11 NE
    ALEXANDRIA,MN55308     		    SOCIAL SERVICES 5,000
    LUTHERAN SOCIAL SERVICE OF MINNESOT
    2485 COMO AVENUE
    ST PAUL,MN55108     		    SOCIAL ASSISTANCE 5,000
    MANKATO KIWANIS - CAMP PETTERSON
    127 SOUTH SECOND ST
    PO BOX 3049
    MANKATO,MN560023049     		    SOCIAL SERVICES 5,000
    MAYO CLINIC HEALTH SYSTEM
    1025 MARSH ST
    MANKATO,MN560014752     		    HEALTH 500
    MCLEOD COUNTY EMERGENCY FOOD SHELF
    111 HASSAN ST SE
    HUTCHINSON,MN55350     		    SOCIAL SERVICES 3,800
    METHODIST HOSPITAL HOSPICE
    6500 EXCELSIOR BLVD
    ST LOUIS PARK,MN55426     		    HEALTH 50
    MINNESOTA STATE UNIVERSITY MOORHEAD
    1900 - 28TH AVENUE S
    MOORHEAD,MN56560     		    EDUCATION 1,800
    MISSOURI STATE UNIVERSITY
    901 SOUTH NATIONAL AVE
    SPRINGFIELD,MO65897     		    EDCUATION 1,500
    MN ACADEMY OF FAMILY PHYSICIAN FOUN
    600 S HIGHWAY 169
    SUITE 1680
    ST LOUIS PARK,MN55426     		    HEALTH 5,000
    MN STATE COMM & TECH COLLEGE
    405 COLFAX AVENUE SW
    WADENA,MN56482     		    EDUCATION 2,330
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVE
    FARGO,ND58102     		    EDUCATION 500
    NORTH HENNEPIN COMMUNITY COLLEGE
    7411 85TH AVE N
    BROOKLYN PARK,MN55455     		    EDUCATION 1,500
    NORTHEAST YOUTH FAMILY SERVICES
    3490 LEXINGTON AVE N
    SUITE 205
    SHOREVIEW,MN55126     		    EDUCATION 5,000
    NORTHLAND COMMUNITY AND TECHNICAL C
    2022 CENTRAL AVE NE
    E GRAND FORKS,MN56721     		    EDUCATION 1,500
    OPEN ARMS
    2500 BLOOMINGTON AVE S
    MINNEAPOLIS,MN55404     		    SOCIAL SERVICES 7,500
    PIONEER FOUNDATION
    1006 SOUTH SHERIDAN ST
    FERGUS FALLS,MN56537     		    ASSISTANCE OF THE AGING 10,500
    PROJECT PRIDE FOR LIVING
    1035 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55404     		    SOCIAL SERVICES 5,000
    REEL RECOVERY INC
    160 BROOKSIDE ROAD
    NEEDHAM,MA02492     		    SOCIAL SERVICES 2,500
    SHAKOPEE DOLLARS FOR SCHOLARS
    PO BOX 734
    SHAKOPEE,MN55379     		    EDUCATION 4,000
    SHAKOPEE LACROSSE ASSOC
    PO BOX 675
    SHAKOPEE,MN55379     		    EDUCATION 3,000
    SHATTUCK ST MARY'S FOUNDATION
    1000 SHUMWAY AVENUE
    FARIBAULT,MN55021     		    EDUCATION 30,000
    SNOWDEN WILDLIFE SANCTUARY INC
    PO BOX 2004
    MCCALL,ID83638     		    CULTURAL 1,800
    ST CLOUD STATE UNIVERSITY
    720 4TH AVE S
    ST CLOUD,MN56301     		    EDUCATION 164,097
    ST CLOUD TECHNICAL COLLEGE
    1540 NORTHWAY DRIVE
    ST CLOUD,MN56303     		    EDUCATION 750
    ST MARCUS CHURCH
    PO BOX 237
    CLEAR LAKE,MN55319     		    CULTURAL 1,000
    ST OLAF COLLEGE
    1500
    ST OLAF AVE
    NORTHFIELD,MN55057     		    EDUCATION 1,000
    STANFORD UNIVERSITY
    355 GALVEZ STREET
    STANFORD,CA943056106     		    EDUCATION 1,000
    SUSAN B KOLMEN 3 DAY
    PO BOX 660843
    DALLAS,TX75266     		    HEALTH 500
    THEATRE L'HOMME DIEU
    PO BOX 1086
    ALEXANDRIA,MN56308     		    CULTURAL 16,500
    TWIN FALLS OPTIMIST FOUNDATION
    PO BOX 705
    TWIN FALLS,ID833030705     		    SOCIAL SERVICES 2,500
    UNIVERSITY OF IDAHO
    1020 E HOMEDALE RD
    CALDWELL,ID83609     		    EDUCATION 3,500
    UNIVERSITY OF IDAHO FOUNDATION
    PO BOX 442321
    MOSCOW,ID83684     		    EDUCATION 60,000
    UNIVERSITY OF MINNESOTA
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55401     		    EDUCATION 51,000
    UNIVERSITY OF MINNESOTA CROOKSTON
    2900 UNIVERSITY AVE
    CROOKSTON,MN56716     		    EDUCATION 1,000
    UNIVERSITY OF MINNESOTA DULUTH
    1049 UNIVERSITY DR
    DULUTH,MN55812     		    EDUCATION 1,500
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55455     		    EDUCATION 510,000
    UNIVERSITY OF WI-LACROSSE FOUNDATIO
    1725 STATE STREET
    LACROSSE,WI54601     		    EDUCATION 36,000
    VITERBO UNIVERSITY
    900 VITERBO DRIVE
    LACROSSE,WI54601     		    EDUCATION 1,200
    WE THE PEOPLE CANNON FALLS HIGH SCH
    820 E MINNESOTA ST
    CANNON FALLS,MN55009     		    EDUCATION 2,500
    BENEVOLENCE DISCOUNTS
    PROPERTIES
    MINNEAPOLIS,MN55401     		    DISCOUNTS 95,114
    Total .................................bullet 3a 1,438,131
    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
    aSHOREWOOD CAMPUS     16 6,168,673  
    bU VILLAGE     16 4,168,440  
    cSUNRISE     16 13,363,112  
    dKEELER     16 1,422,516  
    eBANFILL SR HOUSING     16 1,311,168  
    fCOBORN PLAZA     16 4,246,420  
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 288,115  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 62,388  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        1,093,117
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCOBORN PLAZA MISC REVENUE     16 9,236  
    bSHOREWOOD CAMPUS MISC. REV.     16 181,582  
    cU VILLAGE MISC. REV.     16 37,309  
    dKEELER MISC. REV.     16 32,320  
    eSUNRISE MISC. REV.     16 3,123,391  
    fBANFILL MISC REVENUE     16 21,077  
    gINCOME FROM K1     16 671,346  
    12 Subtotal. Add columns (b), (d), and (e)..   35,107,093 1,093,117
    13Total. Add line 12, columns (b), (d), and (e)..................
    1336,200,210
    (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:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 13,710      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 AmortizationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
          1,448,386   130,485   130,485 1,578,871

    TY 2013 CompensationExplanation
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Person Name Explanation
    FRANK STARKE  
    DAVID KJOS  
    DAYTON SOBY  
    GARY SLETTE  
    DALE VESLEDAHL  
    DANA WEDUM KENNELLY  
    DAWN DOWNS  
    JOSEPH A RUSCHE  
    JAY PORTZ  

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    TY 2013 DepreciationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    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
    WEDUM   115,101 112,228     8,479 8,479    
    SHOREWOOD CAMPUS   22,717,642 11,433,635     675,072   675,072  
    U VILLAGE   22,627,459 8,450,501     650,173   650,173  
    KEELER   9,204,882 2,403,712     231,860   231,860  
    SUNRISE   14,295,067 3,659,993     1,056,071   1,056,071  
    BANFILL   9,331,603 1,640,036     338,307   338,307  
    TRANSPORTATION   198,382 24,560            
    COBORN PLAZA   29,218,349 1,954,606     831,422   831,422  

    TY 2013 EmployeeCompensationExpln
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Employee Explanation
    KELLIE TESCH  

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    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    RBC WEALTH 2012-12 PURCHASE 2013-01   73,917 73,917        
    RBC WEALTH 2012-09 PURCHASE 2013-01   2,292,592 2,177,165     115,427  
    RBC WEALTH 2009-03 PURCHASE 2013-01   5,017,513 4,039,823     977,690  

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS 781,555 789,321

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 8,954,474 11,583,761

    TY 2013 InvestmentsOtherSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NOTE-PINE SHORE/INTERLACHEN AT COST 136,917  
    NOTE RECEIVABLE AT COST 175,108  
    INVESTMENT IN RELATED PARTY AT COST 654,710  

    TY 2013 LandEtcSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WEDUM - DEPR. ASSETS 210,704 154,112 56,592 389,873
    SHOREWOOD - DEPR. ASSETS 23,001,911 12,068,111 10,933,800 23,001,911
    U VILLAGE - DEPR. ASSETS 23,615,200 9,100,674 14,514,526 23,615,200
    KEELER - DEPR. ASSETS 9,408,894 2,512,072 6,896,822 9,408,894
    SUNRISE - DEPR. ASSETS 17,484,529 7,602,183 9,882,346 17,484,529
    BANFILL SR HOUSING - DEPR. ASSETS 9,477,546 1,978,343 7,499,203 9,477,546
    COBORN PLAZA 29,259,592 2,786,028 26,473,564 29,259,592
    SHOREWOOD - LAND 3,213,832   3,213,832 3,213,832
    U VILLAGE - LAND 2,226,421   2,226,421 2,226,421
    KEELER - LAND 10,350   10,350 10,350
    SUNRISE - LAND 1,344,937   1,344,937 1,344,937
    BANFILL SR HOUSING - LAND 600,000   600,000 600,000
    ST. CLOUD - LAND/COBORN PLAZA 3,917,139   3,917,139 3,917,139
    WEDUM FOUNDATION - LAND 258,632   258,632 258,632


    TY 2013 LegalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 3,588      


    TY 2013 MortgagesAndNotesPayableSch
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name SHOREWOOD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 29300000
    Balance Due 26823675
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name U VILLAGE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 25880104
    Balance Due 24675159
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower MORTGAGE
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 3
    Lender's Name SUNRISE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 19965000
    Balance Due 17235000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 4
    Lender's Name KEELER
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 12306270
    Balance Due 11052039
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 5
    Lender's Name BANFILL
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 9905000
    Balance Due 7985000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 6
    Lender's Name ST CLOUD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 31979292
    Balance Due 27237697
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  


    TY 2013 OtherAssetsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TENANT SECURITY DEPOSITS 474,406 557,237 557,237
    SHOREWOOD - OTHER ASSETS - RESERVES 2,626,688 2,619,711 2,619,711
    U VILLAGE - OTHER ASSETS - RESERVES 994,407 1,155,740 1,155,740
    KEELER - OTHER ASSETS - RESERVES 987,392 1,001,871 1,001,871
    SUNRISE - OTHER ASSETS - RESERVES 1,884,614 1,988,260 1,988,260
    BANFILL - OTHER ASSETS - RESERVES 185,997 154,939 154,939
    SHOREWOOD FINANCING FEES - NET 920,470 887,636 887,636
    U VILLAGE FINANCING FEES - NET 164,581 126,649 126,649
    KEELER FINANCING FEES - NET 322,671 309,634 309,634
    SUNRISE - GOODWILL 6,878,617 6,878,617 6,878,617
    SUNRISE FINANCE FEES - NET 676,639 643,898 643,898
    PREPAID LAND LEASE 988,000 968,500 968,500
    COBORN - OTHER ASSETS - RESERVES 100,443 150,942 150,942
    COBORN FINANCE FEES - NET 75,154 46,513 46,513
    BENEFICIAL INTEREST IN CHAR REM TRUS   502,216 502,216


    TY 2013 OtherDecreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Amount
    OTHER 392,348
    K1 MODIFICATIONS 166,636


    TY 2013 OtherExpensesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SHOREWOOD CAMPUS        
    ADMINISTRATIVE 494,331   494,331  
    U VILLAGE        
    ADMINISTRATIVE 340,163   340,163  
    SUNRISE        
    ADMINISTRATIVE 832,973   832,973  
    KEELER        
    ADMINISTRATIVE 269,983   269,983  
    BANFILL SR HOUSING        
    ADMINISTRATIVE EXPENSE 219,962   219,962  
    COBORN PLAZA        
    ADMINISTRATIVE 358,949   358,949  
    EXPENSES        
    ADMINISTRATIVE EXPENSE 153,656      
    CONSULTING FEES 24,000      
    INSURANCE 23,025      
    EVENTS 21,451      
    MISCELLANEOUS 1,000      
    MANAGEMENT SERVICES 574      
    TRANSPORTATION ADMIN 134      


    TY 2013 OtherIncomeSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SHOREWOOD CAMPUS 6,168,673   6,168,673
    U VILLAGE 4,168,440   4,168,440
    SUNRISE 13,363,112   13,363,112
    KEELER 1,422,516   1,422,516
    BANFILL SR HOUSING 1,311,168   1,311,168
    COBORN PLAZA 4,246,420   4,246,420
    COBORN PLAZA MISC REVENUE 9,236   9,236
    SHOREWOOD CAMPUS MISC. REV. 181,582   181,582
    U VILLAGE MISC. REV. 37,309   37,309
    KEELER MISC. REV. 32,320   32,320
    SUNRISE MISC. REV. 3,123,391   3,123,391
    BANFILL MISC REVENUE 21,077   21,077
    INCOME FROM K1 671,346   671,346


    TY 2013 OtherLiabilitiesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value
    SHOREWOOD DEPOSITS 331,049 396,992
    U VILLAGE DEPOSITS 49,502 48,761
    KEELER DEPOSITS 34,909 37,425
    BANFILL DEPOSITS 59,109 69,142
    ACCRUED INTEREST 648,111 661,461
    PREPAID RENT 941,209 596,908
    PREPAID LAND LEASE 894,267 876,617
    ACCRUED REAL ESTATE TAX 248,930 241,356
    ACCRUED PAYROLL 358,852  
    OTHER ACCRUALS 104,130  
    RELATED PARTY PAYABLES 3,111