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
OLESON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 904   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TRAVERSE CITY, MI496850904
A Employer identification number

38-6083080
B Telephone number (see instructions)

(231) 929-2605
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$15,656,287J 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) 1,000,758
2 Check bullet
3 Interest on savings and temporary cash investments 21,032 21,032  
4 Dividends and interest from securities...... 312,221 312,221  
5a Gross rents.............. 884,278 884,278  
b Net rental income or (loss) 396,139
6a Net gain or (loss) from sale of assets not on line 10 199,061
b Gross sales price for all assets on line 6a 4,018,583
7 Capital gain net income (from Part IV, line 2)... 199,061
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 804 804  
12 Total. Add lines 1 through 11........ 2,418,154 1,417,396  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,714 13,678   41,036
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 53 53   0
b Accounting fees (attach schedule)....... Click to see attachment 13,693 13,693   0
c Other professional fees (attach schedule).... Click to see attachment 86,201 86,201   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 150,662 141,688   2,812
19 Depreciation (attach schedule) and depletion... Click to see attachment 93,926 93,926  
20 Occupancy.............. 3,600 1,800   1,800
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 202,884 197,269   5,615
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 605,733 548,308   51,263
25 Contributions, gifts, grants paid........ 982,646 982,646
26 Total expenses and disbursements. Add lines 24 and 25 1,588,379 548,308   1,033,909
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 829,775
b Net investment income (if negative, enter -0-) 869,088
c Adjusted net income (if negative, enter -0-)...  
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............... 167,664 198,533 198,533
2 Savings and temporary cash investments..........      
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   58,694 0 0
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet6,620,474
Less: accumulated depreciation (attach schedule) bullet1,603,164 5,111,236 Click to see attachment5,017,310 5,296,836
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 8,158,055 Click to see attachment8,659,653 10,060,918
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment101,868 Click to see attachment101,868 Click to see attachment100,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,597,517 13,977,364 15,656,287
Liabilities 17 Accounts payable and accrued expenses.......... 963 601
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).......... 963 601
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 13,596,554 13,976,763
30 Total net assets or fund balances (see page 17 of the
instructions).................... 13,596,554 13,976,763
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,597,517 13,977,364
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 13,596,554
2 Enter amount from Part I, line 27a..................... 2 829,775
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 14,426,329
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 449,566
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 13,976,763
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.)
1 a T. ROWE PRICE INST INTL BD FD   2013-01-01 2013-05-08
b T. ROWE PRICE INST INTL BD FD   2001-01-01 2013-05-08
c FAIRHOLME FUND   2001-01-01 2013-06-17
d HARBOR INTERNATIONAL FUND   2001-01-01 2013-06-17
e ROYCE PA MUTUAL FUND   2006-09-28 2013-06-17
T ROWE PRICE INST HIGH YIELD   2008-08-25 2013-06-17
VANGUARD INTL EXPLORER   2009-02-27 2013-06-17
VANGUARD 500 INDEX FD   2006-09-28 2013-06-17
IVY ASSET STRATEGY   2009-04-20 2013-07-08
VANGUARD S&P 500   2013-07-09 2013-08-20
IVY ASSET STRATEGY   2009-04-20 2013-12-11
PIMCO ALL ASSET INSTL   2001-01-01 2013-12-11
PIMCO TOTAL RETURN FUND INSTL   2010-06-29 2013-12-11
MERGER FUND   2012-12-28 2013-03-08
MERGER FUND   2001-01-01 2013-03-08
T. ROWE PRICE EMERGING MARKETS BOND FUND   2013-01-01 2013-12-10
VANGUARD REIT   2013-01-01 2013-12-10
DIAMOND HILL LONG SHORT FUND   2001-01-01 2013-12-10
GREENSPRING FUND   2007-06-13 2013-12-10
INVESCO BALANCED RISK   2012-06-13 2013-12-10
T. ROWE PRICE EMERGING MARKETS BOND FUND   2001-01-01 2013-12-10
VANGUARD REIT   2001-01-01 2013-12-10
ALBERTSONS INC M 6.34XXX**MATURED** DUE 02/25/13   2012-07-26 2013-02-25
EXIDE TECH FLT 2013CVT NOTES DUE 09/18/13COMMON SHARES   2012-09-25 2013-05-02
LEGRAND SA 8.5%25F DUE 02/15/25LEGRAND SA   2012-02-01 2013-12-10
NOKIA CORP 6.625%39FNOTES DUE 05/15/39 XTRO   2011-09-08 2013-09-05
PHI INC 8.625%18NOTES DUE 10/15/18 XTRO   2012-07-18 2013-09-09
PRUDENTIAL FINL 9.0XXX** CALLED ** @ $25.00/SHEFF 06/15/13   2010-09-28 2013-06-15
PRUDENTIAL FINL 9.0XXX** CALLED ** @ $25.00/SHEFF 06/15/13   2012-01-11 2013-06-15
PRUDENTIAL FINL 9.0XXX** CALLED ** @ $25.00/SHEFF 06/15/13   2012-04-05 2013-06-15
WP STEWART & CO LTD NXXXCASH/STOCK MERGER EFF 12/13/13   2011-02-14 2013-12-13
ANGLO AMERN PLC ADS FUNSPONSORED ADR 1 ADR REP 1/2 ORD   2012-08-13 2013-12-12
ANGLO AMERN PLC ADS FUNSPONSORED ADR 1 ADR REP 1/2 ORD   2012-08-17 2013-12-12
ANGLO AMERN PLC ADS FUNSPONSORED ADR 1 ADR REP 1/2 ORD   2013-01-30 2013-12-12
ANGLO AMERN PLC ADS FUNSPONSORED ADR 1 ADR REP 1/2 ORD   2013-03-26 2013-12-12
ANGLO AMERN PLC ADS FUNSPONSORED ADR 1 ADR REP 1/2 ORD   2013-04-16 2013-12-12
BARRICK GOLD CORP F   2008-08-05 2013-04-23
BARRICK GOLD CORP F   2011-06-15 2013-04-23
ALLIANCEBERNSTEIN INCM   2012-06-13 2013-05-22
ASCOTT RESIDENCE TRUST FREIT   2011-11-30 2013-01-03
AEGON NV PFD 8%42FNON CUM NTS DUE 02/15/42SUBJ TO XTRO REDEMPTION   2013-05-10 2013-08-22
AGNICO-EAGLE MINES LTD F   2012-05-18 2013-01-30
ALLIED CAPITAL 6.875%47SENIOR NOTE DUE 04/15/47SUBJ TO XTRO REDEMPTIOIN   2012-12-21 2013-09-24
ALLIED CAPITAL 6.875%47SENIOR NOTE DUE 04/15/47SUBJ TO XTRO REDEMPTIOIN   2013-04-22 2013-09-24
APOLLO INVT 6.625% PFDPFD DUE 10/15/42   2013-01-10 2013-11-22
APOLLO INVESTMENT CORP   2012-10-04 2013-01-17
ARES CAPITAL CORP   2012-11-16 2013-01-10
APOLLO COML 8.625% PFDPFD SER A   2013-05-30 2013-12-20
ASTRAZENECA PLC ADR FSPONSORED ADR 1 ADR REP 1 ORD   2012-04-10 2013-01-31
BALDA AG ORD F   2012-08-31 2013-03-05
AMERN STRATEGIC INCM III   2012-01-11 2013-10-08
DIVIDEND & INCOME FD NEW   2012-01-13 2013-05-22
DIVIDEND & INCOME FD NEW   2012-01-13 2013-05-23
DIVIDEND & INCOME FD NEW   2012-01-13 2013-06-11
DOMINION RES 8.375%64JR SUB DEBT DUE 12/31/64SUBJ TO XTRO REDEMPTION   2010-11-23 2013-08-12
DOMINION RES 8.375%64JR SUB DEBT DUE 12/31/64SUBJ TO XTRO REDEMPTION   2012-01-11 2013-08-12
DOMINION RES 8.375%64JR SUB DEBT DUE 12/31/64SUBJ TO XTRO REDEMPTION   2013-05-14 2013-08-12
ICHIGO REAL ESTATE ORD F   2012-05-02 2013-05-10
UNITED KINGDOM 4.5%34FBONDS DUE 09/07/34   2013-01-18 2013-08-05
UNITED KINGDOM 4.5%34FBONDS DUE 09/07/34   2013-02-12 2013-08-05
UNITED KINGDOM TRS 6%28FNOTES DUE 12/07/28   2011-07-15 2013-01-18
GABELLI EQUITY 5.875%PFD5.875% SER D PFD   2008-10-09 2013-04-23
GABELLI EQUITY 5.875%PFD5.875% SER D PFD   2008-10-09 2013-04-26
GEORGIA PWR CO 6.50%PFD CLASS A PFD   2010-11-30 2013-08-23
GROUPE BRUXELLE GBL ORDF   2011-12-20 2013-02-06
GROUPE BRUXELLE GBL ORDF   2011-12-20 2013-04-22
GROUPE BRUXELLE GBL ORDF   2012-02-23 2013-04-22
GROUPE BRUXELLE GBL ORDF   2012-04-26 2013-04-22
GROUPE BRUXELLE GBL ORDF   2012-07-24 2013-04-22
GROUPE BRUXELLE GBL ORDF   2013-04-10 2013-04-22
GROUPE BRUXELLE GBL ORDF   2013-04-18 2013-04-22
GOLDCORP INC NEW F   2012-08-13 2013-01-30
GAM HOLDING LTD ORD F   2011-07-13 2013-10-30
GAM HOLDING LTD ORD F   2011-11-04 2013-10-30
SWITZERLAND GOVT 3.5%33F DUE 04/08/33   2010-10-25 2013-12-04
SWITZERLAND GOVT 3.5%33F DUE 04/08/33   2010-12-14 2013-12-04
SWITZERLAND GOVT 3.5%33F DUE 04/08/33   2013-01-14 2013-12-04
HARMONY GLD MNG SP ADR FSPONSORED ADR 1 ADR REP 1 ORD   2012-09-25 2013-01-30
HUTCHISON WHAMPOA ADR FUNSPONSORED ADR 1 ADR REPS 2 ORD   2013-02-21 2013-11-01
IRISH CONTINENTAL ORD FIRISH SHS   2012-08-15 2013-02-11
DENMARK KINGDOM 3%21FBONDS DUE 11/15/21   2013-02-13 2013-06-24
KINROSS GOLD CORP NEW F   2013-01-30 2013-08-19
KINROSS GOLD CORP NEW F   2013-04-15 2013-08-19
LONRHO PLC ORD F   2013-04-30 2013-05-28
LAZARD WORLD DIV & INCM   2012-11-13 2013-05-16
MOBISTAR ORD F   2013-04-15 2013-07-22
MOBISTAR ORD F   2013-04-25 2013-07-22
MOBISTAR ORD F   2013-05-07 2013-07-22
MICROSOFT CORP   2013-01-10 2013-06-11
NEXTERA ENERGY 8.75%69JR SUB DEB DUE 03/01/69SUBJ TO XTRO REDEMPTION   2010-09-10 2013-08-15
NEXTERA ENERGY 8.75%69JR SUB DEB DUE 03/01/69SUBJ TO XTRO REDEMPTION   2013-05-23 2013-08-15
NEWMONT MINING CORP   2011-06-16 2013-08-29
NEWMONT MINING CORP   2011-12-13 2013-08-29
NEWMONT MINING CORP   2012-01-11 2013-08-29
NEWMONT MINING CORP   2012-05-21 2013-08-29
NEWMONT MINING CORP   2013-02-21 2013-08-29
AUSTRALIA CMNW 3.25%29FBONDS DUE 04/21/29   2013-02-04 2013-08-13
AUSTRALIA CMNW 3.25%29FBONDS DUE 04/21/29   2013-02-11 2013-08-13
ASCOTT RESIDENC TR 13RTFRIGHTS EXP 12/03/13   2011-11-30 2013-11-22
ASCOTT RESIDENC TR 13RTFRIGHTS EXP 12/03/13   2012-01-12 2013-11-22
ASCOTT RESIDENC TR 13RTFRIGHTS EXP 12/03/13   2013-09-03 2013-11-22
NIPPON TELE & TEL ADR FSPONSORED ADR 1 ADR REP 0.5 ORD   2013-01-10 2013-06-11
PROTECTIVE LIFE CP 6%42SUB DEB DUE 09/01/42SUBJ TO XTRO REDEMPTION   2012-10-09 2013-08-26
PANDORA A/S ORD F   2011-08-19 2013-01-10
PANDORA A/S ORD F   2011-08-19 2013-02-08
PARGESA HLDG AG NEW ORDF   2013-04-22 2013-07-19
NORWEGIAN GOVT 3.75%21FBONDS DUE 05/25/21   2011-04-08 2013-06-13
NORWEGIAN GOVT 3.75%21FBONDS DUE 05/25/21   2013-01-15 2013-06-13
RIO TINTO PLC SPON ADR FSPONSORED ADR 1 ADR REPS 1 ORD   2013-04-16 2013-11-19
RIO TINTO PLC SPON ADR FSPONSORED ADR 1 ADR REPS 1 ORD   2013-06-27 2013-11-19
REAL GOODS SOLAR CL A CLASS A   2011-08-03 2013-10-15
SOUTHERN CAL EDISON PFD 6.125% SER B   2010-09-20 2013-02-28
STARHILL GLOBAL ORD FREIT   2011-03-29 2013-02-01
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2010-08-06 2013-02-04
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2011-07-11 2013-02-04
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2011-09-22 2013-02-04
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2011-12-28 2013-02-04
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2012-03-22 2013-02-04
S K TELECOM LTD ADR FSPONSORED ADR 1 ADR REP 1/9 ORD   2012-08-29 2013-02-04
SWISSCOM LTD ORD FREG SHS   2011-03-15 2013-10-03
SWISSCOM LTD ORD FREG SHS   2011-11-04 2013-10-03
SWISSCOM LTD ORD FREG SHS   2012-02-24 2013-10-03
SWISSCOM LTD ORD FREG SHS   2012-04-16 2013-10-03
T R EURO GROWTH TR PLC F   2012-07-12 2013-02-12
T R EURO GROWTH TR PLC F   2012-07-12 2013-02-19
TEMPLETON GL GROWTH FD F   2011-06-23 2013-06-12
TEMPLETON GL GROWTH FD F   2012-10-01 2013-06-12
TREASURY GROUP LTD ORD F   2010-08-09 2013-08-27
TOTAL PRODUCE PLC ORD F   2008-11-20 2013-03-01
UNITED ONLINE INC   2011-02-24 2013-08-22
UNITED ONLINE INC   2012-02-27 2013-08-22
UNITED ONLINE INC   2010-08-06 2013-08-02
UNITED ONLINE INC   2010-08-06 2013-08-02
UNITED ONLINE INC   2011-02-24 2013-08-02
VODAFONE GROUP NEW ADR FSPONSORED ADR 1 ADR REP 10 ORD   2010-05-19 2013-08-29
VODAFONE GROUP NEW ADR FSPONSORED ADR 1 ADR REP 10 ORD   2010-08-06 2013-08-29
VODAFONE GROUP NEW ADR FSPONSORED ADR 1 ADR REP 10 ORD   2011-06-08 2013-08-29
VENTAS REALTY LP 5.45%43SENIOR NOTE DUE 03/15/43SUBJ TO XTRO REDEMPTION   2013-07-15 2013-10-07
ZWEIG TOTAL RTN FUND NEW   2011-08-05 2013-09-06
ZWEIG TOTAL RTN FUND NEW   2012-01-11 2013-09-06
ZWEIG TOTAL RTN FUND NEW   2013-03-27 2013-09-06
PIMCO TOTAL RETURN FUND INSTL   2001-01-01 2013-12-30
VANGUARD SHORT TERM INVMT GRADE ADMIRAL   2011-08-03 2013-08-27
HUSSMAN STRATEGIC   2009-05-05 2013-03-12
HARBOR INTERNATIONAL FUND   2009-11-24 2013-03-12
PIMCO COMMODITY REAL RETURN   2011-02-22 2013-12-30
PIMCO COMMODITY REAL RETURN   2011-08-01 2013-12-30
PIMCO EMERGING LOCAL BOND FD   2011-02-22 2013-12-30
PIMCO LOW DURATION INST   2011-08-09 2013-03-12
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,193   2,203 -10
b 80,769   81,154 -385
c 50,000   38,231 11,769
d 40,000   29,860 10,140
e 50,000   43,140 6,860
10,000   9,328 672
50,000   27,944 22,056
50,000   40,957 9,043
50,000   35,764 14,236
50,578   50,217 361
30,000   18,774 11,226
40,000   36,131 3,869
20,000   20,944 -944
1,087   1,098 -11
53,166   53,704 -538
3,504   3,658 -154
2,472   1,970 502
30,000   23,173 6,827
20,000   17,623 2,377
25,000   24,110 890
53,353   55,702 -2,349
65,630   52,317 13,313
11,000   10,789 211
6,205   18,509 -12,304
18,086   16,718 1,368
9,541   9,444 97
12,642   12,489 153
8,750   10,043 -1,293
10,625   11,781 -1,156
3,125   3,399 -274
12,000   8,008 3,992
8,782   13,475 -4,693
3,616   5,263 -1,647
5,166   7,425 -2,259
3,358   4,284 -926
1,808   2,138 -330
7,991   16,659 -8,668
4,439   10,905 -6,466
82,382   81,909 473
8,735   6,070 2,665
20,241   22,388 -2,147
10,154   7,983 2,171
18,636   19,985 -1,349
2,329   2,519 -190
22,238   25,893 -3,655
27,431   24,795 2,636
15,144   14,251 893
17,519   18,552 -1,033
21,751   20,066 1,685
21,784   24,240 -2,456
33,790   32,956 834
5,052   4,127 925
72,461   59,654 12,807
24,491   19,965 4,526
10,520   11,593 -1,073
10,520   11,699 -1,179
5,260   5,440 -180
20,833   15,692 5,141
44,749   48,960 -4,211
3,580   3,772 -192
27,532   24,551 2,981
6,252   4,717 1,535
19,240   14,535 4,705
10,140   10,722 -582
6,515   5,382 1,133
29,277   25,900 3,377
36,121   34,769 1,352
6,464   5,675 789
5,703   4,733 970
11,027   11,564 -537
13,308   13,437 -129
10,856   11,095 -239
15,241   12,379 2,862
1,429   845 584
21,699   20,734 965
7,233   6,587 646
28,932   31,531 -2,599
18,414   23,095 -4,681
49,859   44,823 5,036
23,561   17,583 5,978
53,513   55,774 -2,261
12,249   18,288 -6,039
2,564   2,480 84
19,549   13,083 6,466
58,982   48,839 10,143
13,779   22,914 -9,135
5,802   9,408 -3,606
363   615 -252
24,334   18,552 5,782
9,150   10,323 -1,173
18,300   18,863 -563
4,749   7,764 -3,015
2,058   4,192 -2,134
5,856   11,675 -5,819
2,216   3,296 -1,080
4,907   6,369 -1,462
32,731   38,766 -6,035
11,177   13,133 -1,956
196     196
279     279
98     98
23,174   19,085 4,089
13,466   15,454 -1,988
22,033   7,104 14,929
17,935   5,723 12,212
35,517   33,154 2,363
19,286   18,342 944
41,465   43,493 -2,028
22,104   19,392 2,712
1,300   1,040 260
8,075   6,009 2,066
10,000   9,757 243
12,744   9,341 3,403
6,888   6,629 259
5,166   4,724 442
2,583   2,034 549
6,888   5,405 1,483
4,305   3,509 796
1,722   1,471 251
11,860   10,640 1,220
2,372   1,995 377
14,233   12,076 2,157
4,744   3,646 1,098
49,522   35,364 14,158
24,119   17,682 6,437
31,069   25,765 5,304
59,109   48,406 10,703
12,326   7,679 4,647
41,707   16,458 25,249
799   631 168
20,774   13,555 7,219
3,208   2,178 1,030
8,823   5,991 2,832
2,406   1,892 514
66,375   40,316 26,059
12,643   9,761 2,882
3,161   2,667 494
13,374   14,173 -799
28,916   27,478 1,438
35,342   34,109 1,233
39,840   40,246 -406
413,048   426,766 -13,718
237,306   240,025 -2,719
82,734   105,854 -23,120
21,371   26,291 -4,920
65,067   110,025 -44,958
26,200   43,421 -17,221
127,608   142,126 -14,518
199,975   199,809 166
67,760     67,760
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       -10
b       -385
c       11,769
d       10,140
e       6,860
      672
      22,056
      9,043
      14,236
      361
      11,226
      3,869
      -944
      -11
      -538
      -154
      502
      6,827
      2,377
      890
      -2,349
      13,313
      211
      -12,304
      1,368
      97
      153
      -1,293
      -1,156
      -274
      3,992
      -4,693
      -1,647
      -2,259
      -926
      -330
      -8,668
      -6,466
      473
      2,665
      -2,147
      2,171
      -1,349
      -190
      -3,655
      2,636
      893
      -1,033
      1,685
      -2,456
      834
      925
      12,807
      4,526
      -1,073
      -1,179
      -180
      5,141
      -4,211
      -192
      2,981
      1,535
      4,705
      -582
      1,133
      3,377
      1,352
      789
      970
      -537
      -129
      -239
      2,862
      584
      965
      646
      -2,599
      -4,681
      5,036
      5,978
      -2,261
      -6,039
      84
      6,466
      10,143
      -9,135
      -3,606
      -252
      5,782
      -1,173
      -563
      -3,015
      -2,134
      -5,819
      -1,080
      -1,462
      -6,035
      -1,956
      196
      279
      98
      4,089
      -1,988
      14,929
      12,212
      2,363
      944
      -2,028
      2,712
      260
      2,066
      243
      3,403
      259
      442
      549
      1,483
      796
      251
      1,220
      377
      2,157
      1,098
      14,158
      6,437
      5,304
      10,703
      4,647
      25,249
      168
      7,219
      1,030
      2,832
      514
      26,059
      2,882
      494
      -799
      1,438
      1,233
      -406
      -13,718
      -2,719
      -23,120
      -4,920
      -44,958
      -17,221
      -14,518
      166
      67,760
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 2 199,061
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 1,007,581 15,784,730 0.063833
2011 1,140,197 15,064,182 0.075689
2010 1,082,755 18,561,540 0.058333
2009 1,018,091 17,809,424 0.057166
2008 1,046,735 18,650,864 0.056123
2 Total of line 1, column (d) ...................... 2 0.311144
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 0.062229
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 16,027,622
5 Multiply line 4 by line 3....................... 5 997,383
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,691
7 Add lines 5 and 6......................... 7 1,006,074
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,033,909
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 8,691
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 8,691
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,691
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 12,000
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 12,000
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 3,309
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet3,309 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletMI
    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 addressbulletNONE
    14
    The books are in care ofbulletKATHY HUSCHKE Telephone no.bullet (231) 929-2605
    Located atbulletPO BOX 904TRAVERSE CITYMI ZIP+4bullet496850904
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    DONALD W OLESON PRESIDENT
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    GERALD E OLESON VICE-PRESIDENT
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    RICHARD FORD SECRETARY/TREASURER
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    JOHN TOBIN DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    KATHY HUSCHKE EXECUTIVE DIRECTOR
    32.00     		54,714 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    MARTHA WATTS DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    DJ OLESON DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    BRAD OLESON DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    CONNIE DENEWETH DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    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 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    801,381
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    8,691
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,691
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    792,690
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    792,690
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    792,690
    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 7 792,690
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 137,476
    b From 2009....... 145,056
    c From 2010....... 168,188
    d From 2011....... 416,594
    e From 2012....... 238,666
    fTotal of lines 3a through e......... 1,105,980
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,033,909
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 792,690
    e Remaining amount distributed out of corpus 241,219
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,347,199
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		137,476
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		1,209,723
    10 Analysis of line 9:
    a Excess from 2009.... 145,056
    b Excess from 2010.... 168,188
    c Excess from 2011.... 416,594
    d Excess from 2012.... 238,666
    e Excess from 2013.... 241,219
    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).)
    DONALD W OLESON
    GERALD E OLESON
    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:
    MS KATHY HUSCHKE
    PO BOX 904
    TRAVERSE CITY,MI496850904
    (231) 929-2605
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM - INCLUDE NAME, PURPOSE, AMOUNT, ETC.
    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 CHARITABLE AND EXEMPT ORGANIZATIONS WHICH ARE LOCATED IN THE NORTHWESTERN AREA OF MICHIGAN.
    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
    AMERICAN RED CROSS OF NORTHWEST MICHIGAN
    735 S GARFIELD AVE STE B100
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR DISASTER RELIEF 5,000
    ALLIANCE FOR ECONOMIC SUCCESS
    1361 US 31 SOUTH
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR RECREATION PROJECTS 25,000
    BENZIE AREA CHRISTIAN NEIGHBORS
    PO BOX 93
    BENZONIA,MI49616     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY 5,000
    ARCADIA TOWNSHIP HISTORICAL COMMISSION
    3422 LAKE STREET
    ARCADIA,MI49613     		NONE OTHER NONPROFIT GRANT FOR NEW ROOF FOR MUSEUM 5,000
    BIG BROTHERS BIG SISTERS
    521 S UNION STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 1,000
    BLAIR TOWNSHIP
    2121 COUNTY RD 633
    GRAWN,MI49637     		NONE OTHER NONPROFIT GRANT FOR SPLASH PAD FOR TOWNSHIP PARK 10,000
    GRAND TRAVERSE AREA COMMUNITY LIVING
    935 BARLOW
    TRAVERSE CITY,MI49664     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR ACTIVITIES FUND 500
    GRAND TRAVERSE AREA COMMUNITY LIVING
    935 BARLOW
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR HOUSING 10,000
    CARMELITE MONASTERY
    3501 SILVER LAKE ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR REPAIRS 10,000
    CARMELITE MONASTERY
    3501 SILVER LAKE ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 5,000
    CENTRAL UNITED METHODIST CHURCH
    222 CASS ST
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR COMMUNITY OUTREACH 4,000
    CHILD & FAMILY SERVICES NW MI
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR ELEMENTS AND BROWN BAG 23,000
    CHILD & FAMILY SERVICES NW MI
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 2,500
    CHILD & FAMILY SERVICES NW MI
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 1,000
    DISABILITY NETWORK NORTHERN MICHIGAN
    415 E EIGHTH ST
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR MOBI-MATS FOR WHITING PARK IN CHARLEVOIX COUNTY 3,000
    CONSERVATION RESOURCE ALLIANCE
    10850 TRAVERSE HIGHWAY SUITE 1111
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR MAPLE AND JORDAN RIVER IMPROVEMENTS 10,000
    CROOKED TREE ARTS COUNCIL
    461 E MITCHELL
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR LIGHTING FOR THEATER 5,000
    FATHER FRED ANGEL CHILD CARE
    834 HASTINGS STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR EQUIPMENT AND UPGRADES 4,500
    FATHER FRED FOUNDATION
    P O BOX 2260
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT MATCHING GRANT FOR FOOD DRIVE 20,000
    FRIENDSHIP CENTERS OF EMMET COUNTY
    1322 ANDERSON RD
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR NEW MEALS ON WHEELS VAN 6,000
    FORGOTTEN MAN MINISTRIES
    3940 FRUIT RIDGE NW
    GRAND RAPIDS,MI49544     		NONE OTHER NONPROFIT JAIL MINISTRY PROGRAM 2,000
    FREEDOM BUILDERS
    880 MUNSON AVE
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR SUPPORT AND PROGRAMS DIRECTORS CHOICE 2,500
    FRIENDS OF PETOSKEY PUBLIC LIBRARY
    500 EAST MITCHELL STREET
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT DIRECTORS CHOICE FOR LIBRARY NEEDS 500
    GLEN ARBOR ART ASSOCIATION
    PO BOX 305
    GLEN ARBOR,MI49636     		NONE OTHER NONPROFIT GRANT FOR MANITOU MUSIC FESTIVAL DUNE CLIMB CONCERT 2,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FARM TO FREEZER PROGRAM 20,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT EQUIPMENT FOR GOODWILL INN 5,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FOOD RESCUE 20,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTOR'S CHOICE GRANT FOR FOOD RESCUE 2,500
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FARM TO FREEZER 8,000
    GRACE EPISCOPAL CHURCH
    341 WASHINGTON STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY DIRECTORS CHOICE 5,000
    GRAND TRAVERSE AREA CATHOLIC SCHOOLS
    123 E 11TH STREET
    TRAVERSE CITY,MI49684     		NONE SCHOOL GRANT FOR SAFETY UPGRADES 25,000
    GRAND TRAVERSE AREA CATHOLIC SCHOOLS
    123 E 11TH STREET
    TRAVERSE CITY,MI49684     		NONE SCHOOL GRANT DIRECTORS CHOICE 5,000
    GRAND TRAVERSE CONSERVATION DISTRICT
    1450 CASS ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR GRAND TRAVERSE STEWARDSHIP INITIATIVE 20,000
    GRAND TRAVERSE CONSERVATION DISTRICT
    1450 CASS ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR YOUTH EDUCATION 2,500
    GRAND TRAVERSE REGIONAL COMM FOUNDATION
    250 EAST FRONT STREET 310
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR TENNIS COURTS AT HERMAN PARK 10,000
    GRAND TRAVERSE REGIONAL COMM FOUNDATION
    250 EAST FRONT STREET 310
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR EXP 231 FUND 5,000
    GRAND TRAVERSE REGIONAL COMM FOUNDATION
    250 EAST FRONT STREET 310
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR ACME SHORELINE AND STEWARDSHIP 50,000
    GRAND TRAVERSE REGIONAL LAND CONSERVANCY
    3860 N LONG LAKE ROAD SUITE D
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTOR'S CHOICE GRANT 2,500
    HABITAT FOR HUMANITY
    PO BOX 5412
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR DEPOT PROJECT 10,000
    HABITAT FOR HUMANITY
    PO BOX 5412
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 5,000
    HABITAT FOR HUMANITY MANISTEE COUNTY
    521 CYPRESS ST
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR HOUSING FOR LOW INCOME PEOPLE 5,000
    INTERLOCHEN CENTER FOR THE ARTS
    PO BOX 199
    INTERLOCHEN,MI49643     		NONE OTHER NONPROFIT GRANT FOR PUBLIC RESTROOMS AT UPTON MORLEY 10,000
    CENTRE ICE ARENA
    1600 CHARTWELL DRIVE
    TRAVERSE CITY,MI49696     		NONE OTHER NONPROFIT GRANT FOR BRINE PUMP 10,500
    LEELANAU CONSERVANCY
    105 N FIRST ST
    LELAND,MI49654     		NONE OTHER NONPROFIT GRANT FOR TRAILS AND BOARDWALKS AT TWO SITES 20,000
    LITTLE TRAVERSE CONSERVANCY
    3264 POWELL RD
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR PURCHASE OF VANDECAR PROPERTY 15,000
    LOVE INC TRAVERSE CITY
    1109 E FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR EVICTION ASSISTANCE 2,500
    LONG LAKE TOWNSHIP
    8870 N LONG LAKE RD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR PROJECTS 20,000
    LOVE INC MANISTEE
    PO BOX 28
    MANISTEE,MI49660     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR SUPPORT 2,000
    MANA FOOD PROJECT
    8791 MCBRIDE PARK COURT
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY 1,000
    LOVE INC TRAVERSE CITY
    1109 E FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR PROJECT WHEELS 3,500
    MANISTEE AREA COMMUNITY FOUNDATION
    332 FIRST STREET SUITE 101
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR VOGUE THEATER FIRST INSTALLMENT 100,000
    MANISTEE CATHOLIC CENTRAL SCHOOLS
    1200 US 31 SOUTH
    MANISTEE,MI49660     		NONE SCHOOL GRANT FOR PHONE SYSTEM 10,000
    MANISTEE COMMUNITY KITCHEN
    33 LAKE STREET
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR TEACHING RESTAURANT 10,000
    MANISTEE PUBLIC SCHOOLS
    550 MAPLE STREET
    MANISTEE,MI49660     		NONE SCHOOL GRANT FOR KENNEDY ELEMENTARY PLAYGROUND 5,000
    MICHAEL'S PLACE
    1144 BOON STREET SUITE A
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR GRIEF SUPPORT IN SCHOOLS 5,000
    MICHAEL'S PLACE
    1144 BOON STREET SUITE A
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 4,000
    MICHIGAN LAND USE INSTITUTE
    148 E FRONT STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FREEZER/REFRIGERATOR FOR PLATTE RIVER ELEMENTARY 4,500
    MSU 4H YOUTH ASSOCIATION
    446 W CIRCLE DRIVE ROOM 160
    EAST LANSING,MI48824     		NONE OTHER NONPROFIT GRANT FOR PRINTER FOR LIVESTOCK COUNCIL 1,000
    MUNSON HEALTHCARE REGIONAL FOUNDATION
    210 BEAUMONT PLACE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR CANCER CENTER 150,000
    NORTH COUNTRY KIDS
    930 S STATE RD 15
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR OPERATING SUPPORT DURING CRITICAL TIME 5,000
    NATIONAL CHERRY FESTIVAL
    250 EAST FRONT STREET STE 301
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT FMV OF RENT CONCESSION 26,000
    NORTHERN MI REGIONAL HOSPITAL FOUNDATION
    300 CONNABLE AVE
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR NEW INFANT WARMER 16,000
    NORTHWEST MICHIGAN COMM ACTION AGENCY
    3963 THREE MILE ROAD
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR GREAT START COLLABORATIVE CHAR EM ISD 5,000
    NORTHWESTERN MICHIGAN FAIR
    PO BOX 327
    GRAWN,MI49637     		NONE OTHER NONPROFIT GRANT FOR NEW LAMB BARN 5,000
    NORTHWESTEN MICHIGAN COLLEGE FOUNDATION
    1710 EAST FRONT STREET
    TRAVERSE CITY,MI49686     		NONE COLLEGE GRANT FOR SPECIAL PROJECTS 36,500
    RAINBOW OF HOPE FARM
    1951 COUNTY LINE RD
    KINGSLEY,MI49649     		NONE OTHER NONPROFIT GRANT FOR BLUEBERRY BUSH PROJECT 4,000
    PARAKLESIS INC
    500 S UNION ST 4
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR EQUINE AND ART THERAPY FOR CHILDREN 1,000
    OLIVER CENTER FOR THE ARTS
    PO BOX 1513
    FRANKFORT,MI49635     		NONE OTHER NONPROFIT GRANT FOR NEW KILN FOR CERAMICS STUDIO 7,000
    PREGNANCY CARE CENTER
    121 S GARFIELD SUITE C
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR BABY ITEMS 2,150
    SALVATION ARMY MANISTEE
    PO BOX 681
    LUDINGTON,MI49431     		NONE OTHER NONPROFIT GRANT FOR YEAR END NEEDED ITEMS FOR CLIENTS 4,000
    ST FRANCIS CATHOLIC CHURCH
    1025 S UNION STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY 5,000
    ST MARY SCHOOL
    PO BOX 340
    LAKE LEELANAU,MI49653     		NONE SCHOOL GRANT FOR TECHNOLOGY UPGRADES 15,000
    TART TRAILS
    PO BOX 252
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT DIRECTOR'S CHOICE GRANT 2,500
    TCAPS
    PO BOX 32
    TRAVERSE CITY,MI49685     		NONE SCHOOL GRANT FOR TC WEST SENIOR HIGH EUROCHORALE TRIP 2,000
    TCAPS
    412 WEBSTER
    TRAVERSE CITY,MI49684     		NONE SCHOOL FMV OF RENT CONCESSION 12,000
    THIRD LEVEL CRISIS CENTER
    1022 E FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR YOUTH OUTREACH 2,500
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA222031606     		NONE OTHER NONPROFIT GRANT FOR INVASIVE SPECIES REMOVAL 10,000
    THE WATERSHED CENTER
    13272 S WEST BAY SHORE DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR KID'S CREEK RESTORATION 15,000
    TRAVERSE CITY CHRISTIAN SCHOOL
    753 EMERSON ROAD
    TRAVERSE CITY,MI49696     		NONE SCHOOL GRANT FOR UNIFORMS AND ATHLETIC EQUIPMENT 5,000
    TRAVERSE SYMPHONY ORCHESTRA
    300 EAST FRONT ST STE 230
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FAMILY CONCERTS AND STUDENT TRAINING 5,000
    UNITED WAY NW MICHIGAN
    521 S UNION STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR VOLUNTEER CENTER 20,000
    WEST SHORE HEALTH CARE FOUNDATION
    1465 E PARKDALE AVE
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR ULTRASOUND MACHINE 10,000
    WINGS OF MERCY
    100 SOUTH PINE STREET SUITE 393
    ZEELAND,MI49464     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 1,000
    WOMEN'S RESOURCE CENTER OF N MICHIGAN
    423 PORTER STREET
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR SAFE HOME SHELTER 1,000
    ZONTA
    715 EAST FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT FMV OF RENT CONCESSION 26,996
    YUBA HISTORICAL SOCIETY
    8265 SAYLER ROAD
    WILLIAMSBURG,MI49690     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR RESTORATIONS TO YUBA MUSEUM 1,000
    Total .................................bullet 3a 982,646
    bApproved for future payment
    Total .................................bullet 3b 0
    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 21,032  
    4 Dividends and interest from securities....     14 312,221  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 396,139  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 804  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 199,061  
    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).. 0 929,257 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13929,257
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    OLESON FOUNDATION
     
    Employer identification number

    38-6083080
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$103,386


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$191,993


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$92,487


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$53,794


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$61,428


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$62,918


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$14,970


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$55,020


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$39,067


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$13,320


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$108,486


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$42,768


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$113,470


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
     
     

    GDO INVESTMENTS LLC  
    P O BOX 72
     
    TRAVERSE CITY, MI49685

    		$47,651


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2,827 SHARES OF BREDERODE SA WATERLOO $103,386 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 5,750 SHARES OF DREAMWORKS ANIMATION $191,993 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 83,000 SHARES OF FYFFES PLC ORD $92,487 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 3,000 SHARES OF GAM HOLDINGS LTD $53,794 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 23,000 SHARES OF GBST HOLDINGS LTD $61,428 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    6
    		 10,000 SHARES OF HAW PAR CORP LTD $62,918 2013-12-13
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    7
    		 1,000 SHARES OF LIFEWAY FOODS $14,970 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    8
    		 1,500 SHARES OF MICROSOFT $55,020 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    9
    		 400 SHARES OF NASPERS $39,067 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    10
    		 6,000 SHARES OF REAL GOODS SOLAR $13,320 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    11
    		 2,100 SHARES OF RIO TINTO PLC $108,486 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    12
    		 60,000 SHARES OF SAIZEN REIT $42,768 2013-12-13
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    13
    		 100,000 SHARES OF TOTAL PRODUCE PLC ORD $113,470 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    14
    		 9,700 SHARES OF TREASURY GROUP LTD $47,651 2013-12-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    OLESON FOUNDATION
          		Employer identification number

    38-6083080
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 13,693 13,693   0

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

    TY 2013 DepreciationSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    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
    BUILDING AND IMPROVEMENTS 1994-02-10 3,340,101 1,394,240 SL 0 % 87,563 87,563    
    EQUIPMENT - ASSET #4, 5, 21, 25, 26 2005-08-31 62,030 61,051 SL 0 % 979 979    
    EQUIPMENT - ASSET #27 2007-09-21 17,600 17,600 200SL 0 % 0 0    
    HVAC PREMIER - ASSET #28 2007-12-01 5,459 4,674 200SL 0 % 483 483    
    LAND 1994-02-10 800,000   L   0 0    
    EQUIPMENT - ASSET #29 2009-04-30 27,298 19,244 200SL 0 % 2,416 2,416    
    EQUIPMENT - ASSET #30 2009-06-30 7,078 4,866 200SL 0 % 632 632    
    EQUIPMENT - ASSET #31 2010-08-31 14,050 7,563 200SL 0 % 1,853 1,853    
    LAND 2011-11-16 2,346,858   L   0 0    

    TY 2013 InvestmentsLandSchedule2
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING AND IMPROVEMENTS 3,340,101 1,481,803 1,858,298  
    EQUIPMENT - ASSET #4, 5, 21, 25, 26 62,030 62,030 0  
    EQUIPMENT - ASSET #27 17,600 17,600 0  
    HVAC PREMIER - ASSET #28 5,459 5,157 302  
    LAND 800,000 0 800,000  
    EQUIPMENT - ASSET #29 27,298 21,660 5,638  
    EQUIPMENT - ASSET #30 7,078 5,498 1,580  
    EQUIPMENT - ASSET #31 14,050 9,416 4,634  
    LAND 2,346,858 0 2,346,858  

    TY 2013 InvestmentsOtherSchedule2
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT ACCOUNTS AT COST 8,659,653 10,060,918

    TY 2013 LegalFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 53 53   0


    TY 2013 OtherAssetsSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LAND (CHARITABLE PURPOSES) 95,848 95,848 100,000
    BUILDINGS (CHARITABLE PURPOSES) 4,520 4,520  
    EQUIPMENT (CHARITABLE PURPOSES) 1,500 1,500  


    TY 2013 OtherDecreasesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Description Amount
    BOOK/TAX DIFFERENCES IN COST BASIS - INVESTMENT ACCOUNTS 449,566


    TY 2013 OtherExpensesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIPS/DUES 4,725 2,363   2,362
    OFFICE EXPENSE 3,078 1,539   1,539
    INSURANCE 1,507 753   754
    MISCELLANEOUS 1,920 960   960
    INSURANCE, REPAIRS,CLEANING, UTILITIES AND MISCELLANEOUS 191,654 191,654   0


    TY 2013 OtherIncomeSchedule2
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INTEREST INCOME - MORTGAGE 804 804 804


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUST & INVESTMENT FEES-IWM 10,820 10,820   0
    TRUST & INVESTMENT FEES-IPEX/SCHWAB 13,573 13,573   0
    REAL ESTATE MANAGEMENT FEES 57,158 57,158   0
    PROFESSIONAL SERVICES 4,650 4,650   0


    TY 2013 TaxesSchedule
    Name:
    OLESON FOUNDATION
    EIN: 38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 6,162 0   0
    PAYROLL TAXES 3,749 937   2,812
    REAL ESTATE TAXES 140,751 140,751   0