TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do 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.
bullet

Information 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 07-01-2013 , and ending 06-30-2014

Name of foundation
HULL EDUCATIONAL FOUNDATION 25249400

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN551640713

A Employer identification number

41-6019516

B Telephone number (see instructions)

(651) 466-8040

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,246,148J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	11		11
4	Dividends and interest from securities......	118,726		118,726
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,527,557
b	Gross sales price for all assets on line 6a 3,880,775
7	Capital gain net income (from Part IV, line 2)...			1,527,557
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,646,294		1,646,294
13	Compensation of officers, directors, trustees, etc.	69,225		53,130		16,095
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		187	94	0	93
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		35,623	2,639		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		7,358	1,516		5,842
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	112,393		57,379	0	22,030
25	Contributions, gifts, grants paid........	96,210				96,210
26	Total expenses and disbursements. Add lines 24 and 25	208,603		57,379	0	118,240
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,437,691
b	Net investment income (if negative, enter -0-)			1,588,915
c	Adjusted net income (if negative, enter -0-)...				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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............			554	554
	2	Savings and temporary cash investments..........		12,492	48,427	48,427
	3	Accounts receivable
		Less: allowance for doubtful accounts			0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 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)........		2,544,855	4,002,728	4,487,475
	c	Investments—corporate bonds (attach schedule)........		734,465	680,027	707,773
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........				0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		4,131	1,919	1,919
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		3,295,943	4,733,655	5,246,148
		17	Accounts payable and accrued expenses..........
18		Grants payable...................
19		Deferred revenue..................
20		Loans from officers, directors, trustees, and other disqualified persons
21		Mortgages and other notes payable (attach schedule)......
22		Other liabilities (describe )
23		Total liabilities (add lines 17 through 22)..........			0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........		939,932	939,932
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds		2,356,011	3,793,723
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		3,295,943	4,733,655
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		3,295,943	4,733,655

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	3,295,943
2	Enter amount from Part I, line 27a.....................	2	1,437,691
3	Other increases not included in line 2 (itemize)	3	21
4	Add lines 1, 2, and 3..........................	4	4,733,655
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,733,655

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	. NET SETTLEMENT FROM CLASS ACTION SUIT			2013-08-19
b	504. ISHARES BARCLAYS 7 10 YEAR ETF		2012-08-28	2013-08-20
c	1596. ISHARES BARCLAYS 7 10 YEAR ETF		2011-11-03	2013-08-20
d	880. SPDR GOLD SHARES ETF		2013-04-19	2013-08-20
e	89. ISHARES IBOXX INVEST GRADE CORP ETF		2012-08-28	2013-08-30
	1930. AMERICAN EXPRESS CO		1999-03-04	2013-09-23
	750. APACHE CORP COM		2006-03-24	2013-09-23
	335. APPLE COMPUTER INC COM		2006-03-24	2013-09-23
	800. COSTCO WHSL CORP NEW COM		2000-08-11	2013-09-23
	1065. EXXON MOBIL CORP		1975-11-17	2013-09-23
	3000. GENERAL ELEC CO		1972-09-28	2013-09-23
	2500. GENERAL MLS INC COM		2002-06-06	2013-09-23
	1375. GILEAD SCIENCES INC		2008-05-02	2013-09-23
	1470. HONEYWELL INTL INC COM		1999-12-22	2013-09-23
	2200. INTEL CORP		1999-10-19	2013-09-23
	600. INTERNATIONAL BUSINESS MACHINES CORP.		1998-02-11	2013-09-23
	957. ISHARES IBOXX INVEST GRADE CORP ETF		2012-08-28	2013-09-23
	528. ISHARES JPMORGAN USD EMERG ETF		2012-08-28	2013-09-23
	830. J P MORGAN CHASE & CO		2000-07-14	2013-09-23
	1100. JOHNSON & JOHNSON		1986-03-17	2013-09-23
	1000. KIMBERLY CLARK CORP COM		1986-06-25	2013-09-23
	2000. LOWE'S COS INC		2006-01-24	2013-09-23
	8285.101 NUVEEN REAL ESTATE SECS I		2012-08-28	2013-09-23
	20231.214 NUVEEN GLOBAL INFRASTR FD CL I		2012-08-28	2013-09-23
	2160. PFIZER INC		2009-09-10	2013-09-23
	1200. PROCTER & GAMBLE CO		1993-08-03	2013-09-23
	1355. SCHLUMBERGER LTD ORD		2004-11-09	2013-09-23
	526. UTILITIES SELECT SECTOR S P D R		2012-08-28	2013-09-23
	1000. TARGET CORP COM		2009-09-10	2013-09-23
	2000. TEXAS INSTRS INC COM		2002-01-17	2013-09-23
	2000. 3M CO		1963-01-15	2013-09-23
	975. TRAVELERS COS INC		1990-07-12	2013-09-23
	1730. WELLS FARGO & CO NEW		2000-03-01	2013-09-23
	3786.628 ABERDEEN FDS EMRGN		2012-08-28	2013-09-24
	5460.4 ABERDEEN FDS EMRGN		2013-04-19	2013-09-24
	5. AMERICAN EXPRESS CO		1999-03-04	2013-09-26
	12. APPLE COMPUTER INC COM		2006-03-24	2013-09-26
	11. EXXON MOBIL CORP		1975-11-17	2013-09-26
	28. GILEAD SCIENCES INC		2008-05-02	2013-09-26
	5. HONEYWELL INTL INC COM		1999-12-22	2013-09-26
	8. J P MORGAN CHASE & CO		2000-07-14	2013-09-26
	13. JOHNSON & JOHNSON		1986-03-17	2013-09-26
	16. PFIZER INC		2009-09-10	2013-09-26
	21. SCHLUMBERGER LTD ORD		2000-04-20	2013-09-26
	6. SCHLUMBERGER LTD ORD		2000-04-20	2013-09-26
	9. TRAVELERS COS INC		1990-07-12	2013-09-26
	17. WELLS FARGO & CO NEW		2000-03-01	2013-09-26
	2924. XCEL ENERGY INC COM		1993-02-02	2013-09-26
	4. AGL RES INC COM		2013-09-26	2013-09-27
	30. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2013-09-27
	21. CHINA MOBILE LIMITED A D R		2013-09-26	2013-09-27
	13. ERIE INDEMNITY CO		2013-09-26	2013-09-27
	12. FLY LEASING LTD A D R		2013-09-26	2013-09-27
	33. MOLEX INC		2013-09-26	2013-09-27
	22. NIPPON TELEG & TEL CORP SPONSORED ADR		2013-09-26	2013-09-27
	6. ORIX CORP SPONS A D R		2013-09-26	2013-09-27
	31. TECO ENERGY INC		2013-09-26	2013-09-27
	19. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-09-27
	42. TECO ENERGY INC		2013-09-26	2013-09-30
	17. TECO ENERGY INC		2013-09-26	2013-10-01
	4. TOWERS WATSON CO CL A		2013-09-26	2013-10-02
	1. PIONEER NAT RES CO		2013-09-26	2013-10-04
	3. FLUOR CORP NEW COM		2013-09-26	2013-10-07
	3. TOWERS WATSON CO CL A		2013-09-26	2013-10-07
	8. MCKESSON HBOC INC COM		2013-09-26	2013-10-08
	70. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2013-10-09
	8. CBS CORP CLASS B NON VOTING		2013-09-26	2013-10-09
	1. CHUNGHWA TELECOM CO LTD A D R		2013-09-27	2013-10-09
	187. COMPANHIA PARANAENSE ENER SP A D R		2013-09-26	2013-10-09
	1. GRUPO SIMEC A D R		2013-09-26	2013-10-09
	13. NATIONAL GRID PLC SP A D R		2013-09-26	2013-10-09
	6.00084 NIPPON TELEG & TEL CORP SPONSORED ADR		2013-09-26	2013-10-09
	46.99916 NIPPON TELEG & TEL CORP SPONSORED ADR		2013-09-26	2013-10-09
	4. ORIX CORP SPONS A D R		2013-09-26	2013-10-09
	1. THE PRICELINE GROUP INC		2013-09-26	2013-10-09
	3. SMITH & NEPHEW P L C A D R		2013-09-26	2013-10-09
	19. SUNTRUST BKS INC		2013-09-26	2013-10-09
	14. SYNGENTA A G A D R		2013-09-26	2013-10-09
	158. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-10-09
	8. DARLING INGREDIENTS INC.		2013-09-26	2013-10-14
	4. DARLING INGREDIENTS INC.		2013-10-08	2013-10-14
	14. CIGNA CORP COM		2013-09-26	2013-10-17
	2. PIONEER NAT RES CO		2013-09-26	2013-10-17
	24. UNITEDHEALTH GROUP INC COM		2013-09-26	2013-10-17
	14. BALCHEM CORP		2013-09-26	2013-10-21
	44. COMPANHIA PARANAENSE ENER SP A D R		2013-09-26	2013-10-21
	23. DR REDDYS LABORATORIES LTD A D R		2013-09-26	2013-10-21
	23. FLY LEASING LTD A D R		2013-09-26	2013-10-21
	6. GRUPO SIMEC A D R		2013-09-26	2013-10-21
	36. NATIONAL GRID PLC SP A D R		2013-09-26	2013-10-21
	14. NIPPON TELEG & TEL CORP SPONSORED ADR		2013-09-26	2013-10-21
	4. ORIX CORP SPONS A D R		2013-09-26	2013-10-21
	3. TOYOTA MTR CORP ADR 2 COM		2013-09-26	2013-10-21
	159. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-10-21
	30. STURM RUGER & CO INC		2013-09-26	2013-10-22
	18. OMNICOM GROUP COM		2013-09-26	2013-10-23
	18. REINSURANCE GROUP AMERICA		2013-09-26	2013-10-23
	29. SUNTRUST BKS INC		2013-09-26	2013-10-23
	18. AGCO CORP		2013-09-26	2013-10-25
	98. NVIDIA CORP		2013-09-26	2013-10-25
	20. SYNOPSYS INC COM		2013-09-26	2013-10-25
	7. UNITED PARCEL SVC INC COM		2013-09-26	2013-10-25
	7. UNITEDHEALTH GROUP INC COM		2013-09-26	2013-10-25
	15. LINCOLN ELEC HLDGS INC		2013-09-26	2013-10-28
	235. SCHWAB CHARLES CORP NEW COM		2013-09-26	2013-10-28
	123. DIGI INTERNATIONAL INC		2013-09-26	2013-10-29
	5. INGREDION INC		2013-09-26	2013-10-29
	41. CHUNGHWA TELECOM CO LTD A D R		2013-10-21	2013-10-30
	81. DIGI INTERNATIONAL INC		2013-09-26	2013-10-30
	6. DR REDDYS LABORATORIES LTD A D R		2013-09-26	2013-10-30
	36. FLY LEASING LTD A D R		2013-09-26	2013-10-30
	4. GRUPO SIMEC A D R		2013-09-26	2013-10-30
	2. ORIX CORP SPONS A D R		2013-09-26	2013-10-30
	5. ROYAL DUTCH SHELL PLC A D R		2013-10-21	2013-10-30
	3. SMITH & NEPHEW P L C A D R		2013-09-14	2013-10-30
	7. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-27	2013-10-30
	18. TOYOTA MTR CORP ADR 2 COM		2013-09-26	2013-10-30
	87. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-10-30
	11. XYLEM INC		2013-09-26	2013-10-30
	21. DIGI INTERNATIONAL INC		2013-09-26	2013-10-31
	148. HORMEL FOODS CORP		2013-09-26	2013-10-31
	10. ULTIMATE SOFTWARE GROUP INC		2013-09-26	2013-10-31
	.4 ASTRONICS CORP CL B		2013-09-26	2013-11-01
	2. FLUOR CORP NEW COM		2013-09-26	2013-11-01
	54. COLE REAL ESTATE INVESTMENT		2013-09-26	2013-11-04
	20. GILEAD SCIENCES INC		2008-05-02	2013-11-07
	4. DOLLAR GENERAL CORP		2013-09-26	2013-11-08
	30. DR REDDYS LABORATORIES LTD A D R		2013-09-26	2013-11-11
	28. FLY LEASING LTD A D R		2013-09-26	2013-11-11
	7. GRUPO SIMEC A D R		2013-09-26	2013-11-11
	1.02857 NIPPON TELEG & TEL CORP SPONSORED ADR		2013-10-17	2013-11-11
	37.97143 NIPPON TELEG & TEL CORP SPONSORED ADR		2013-10-17	2013-11-11
	36. NOVARTIS AG SPONSORED ADR		2013-10-09	2013-11-11
	3. ORIX CORP SPONS A D R		2013-09-26	2013-11-11
	17. POSCO A D R		2013-10-21	2013-11-11
	79. ROYAL DUTCH SHELL PLC A D R		2013-10-21	2013-11-11
	4. ROYAL DUTCH SHELL PLC A D R		2013-10-21	2013-11-11
	1. SMITH & NEPHEW P L C A D R		2013-09-26	2013-11-11
	13. STATE STR CORP COM		2013-09-26	2013-11-11
	18. TOYOTA MTR CORP ADR 2 COM		2013-09-26	2013-11-11
	9. UNITED PARCEL SVC INC COM		2013-09-26	2013-11-11
	65. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-11-11
	15. ZIONS BANCORP COM		2013-10-23	2013-11-11
	37. SYMANTEC CORP COM		2013-09-26	2013-11-12
	7. CIGNA CORP COM		2013-09-26	2013-11-14
	13. UNITEDHEALTH GROUP INC COM		2013-09-26	2013-11-14
	5. ALEXANDRIA REAL ESTATE EQUITIES INC		2013-09-26	2013-11-19
	3. AMERIPRISE FINL INC		2013-09-26	2013-11-19
	2. AVALONBAY CMNTYS INC		2013-09-26	2013-11-19
	2. BOSTON PPTYS INC		2013-09-26	2013-11-19
	4. CAMDEN PPTY TR SBI		2013-09-26	2013-11-19
	16. CARBO CERAMICS INC		2013-09-26	2013-11-19
	4. DIGITAL REALTY TRUST INC		2013-09-26	2013-11-19
	2. DOLLAR GENERAL CORP		2013-09-26	2013-11-19
	2. FEDERAL RLTY INVT TR SBI NEW		2013-09-26	2013-11-19
	4. FIDELITY NATL INFORMATION SVCS INC		2013-09-26	2013-11-19
	3. HCP INC		2013-09-26	2013-11-19
	4. HEALTH CARE REIT INC		2013-09-26	2013-11-19
	6. KROGER CO COM		2013-09-26	2013-11-19
	4. L T C PPTYS INC		2013-09-26	2013-11-19
	.5 NEOGEN CORP		2013-09-26	2013-11-19
	4. PUBLIC STORAGE INC COM		2013-09-26	2013-11-19
	125. RAYONIER INC		2013-09-26	2013-11-19
	24. SIMON PPTY GROUP INC NEW COM		2013-09-26	2013-11-19
	11. UTAH MED PRODS INC		2013-09-26	2013-11-19
	4. VENTAS INC		2013-09-26	2013-11-19
	3. INGREDION INC		2013-09-26	2013-11-21
	14. CARBO CERAMICS INC		2013-09-26	2013-11-22
	8. CHINA PETROLEUM CHEM A D R		2013-11-11	2013-11-22
	11. FLY LEASING LTD A D R		2013-09-26	2013-11-22
	5. ORIX CORP SPONS A D R		2013-09-26	2013-11-22
	19. ROYAL DUTCH SHELL PLC A D R		2013-09-26	2013-11-22
	5. SMITH & NEPHEW P L C A D R		2013-09-26	2013-11-22
	41. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2013-11-22
	13. UTAH MED PRODS INC		2013-09-26	2013-11-22
	7. UNITED PARCEL SVC INC COM		2013-09-26	2013-11-26
	50. HALLIBURTON CO COM		2013-09-26	2013-12-03
	14. OCCIDENTAL PETE CORP COM		2013-09-26	2013-12-03
	109. COLE REAL ESTATE INVESTMENT		2013-09-26	2013-12-04
	21. AMERICAN EAGLE OUTFITTERS		2013-09-26	2013-12-05
	5. DOLLAR GENERAL CORP		2013-09-26	2013-12-05
	14. CHINA PETROLEUM CHEM A D R		2013-10-30	2013-12-06
	35. DR REDDYS LABORATORIES LTD A D R		2013-11-22	2013-12-06
	11. CITY TELECOM HK LTD A D R		2013-09-26	2013-12-06
	56. LG DISPLAY CO LTD A D R		2013-09-26	2013-12-06
	42. NATIONAL GRID PLC SP A D R		2013-09-26	2013-12-06
	4. SMITH & NEPHEW P L C A D R		2013-09-26	2013-12-06
	31. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2013-12-06
	9. TOYOTA MTR CORP ADR 2 COM		2013-09-26	2013-12-06
	7. WESTPAC BANKING CORP SP ADR		2013-09-26	2013-12-06
	174. XINYUAN REAL ESTATE CO LTD A D R		2013-09-26	2013-12-06
	3. SYSCO CORP COM		2013-09-26	2013-12-10
	16. TOWERS WATSON CO CL A		2013-09-26	2013-12-11
	3. DARDEN RESTAURANTS INC COM		2013-09-26	2013-12-16
	13. MEDNAX INC		2013-09-26	2013-12-16
	2. PARKER HANNIFIN CORP COM		2013-09-26	2013-12-16
	8. MEDNAX INC		2013-09-26	2013-12-17
	13. AXIS CAPITAL HOLDINGS LTD		2013-09-26	2013-12-17
	15. BRITISH AMERN TOB PLC ADR		2013-09-26	2013-12-18
	16. CITY TELECOM HK LTD A D R		2013-09-26	2013-12-18
	110. LG DISPLAY CO LTD A D R		2013-09-27	2013-12-18
	8. SMITH & NEPHEW P L C A D R		2013-09-26	2013-12-18
	38. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2013-12-18
	6. WESTPAC BANKING CORP SP ADR		2013-09-26	2013-12-18
	6. IAC INTERACTIVECORP		2013-09-26	2013-12-19
	29. PERRIGO CO		2013-09-26	2013-12-19
	65. PERRIGO CO		2013-09-26	2013-12-19
	20. DARDEN RESTAURANTS INC COM		2013-09-26	2013-12-20
	4. AGL RES INC COM		2013-09-26	2013-12-23
	19. DARDEN RESTAURANTS INC COM		2013-09-26	2013-12-23
	9. GREAT PLAINS ENERGY INCORPORATED		2013-09-26	2013-12-23
	. NET SETTLEMENT FROM CLASS ACTION SUIT			2013-12-24
	.75 GORMAN RUPP CO		2013-09-26	2014-01-02
	25. ABB LTD A D R		2013-11-11	2014-01-06
	97. ADVANCED SEMICONDUCTOR ENGNRG A D R		2013-11-11	2014-01-06
	13.9978 BRITISH AMERN TOB PLC ADR		2013-09-26	2014-01-06
	2.0022 BRITISH AMERN TOB PLC ADR		2013-09-26	2014-01-06
	3. DELHAIZE GROUP SPONS A D R		2013-09-27	2014-01-06
	297. GERDAU S A SPON A D R		2013-12-06	2014-01-06
	4. ORIX CORP SPONS A D R		2013-09-26	2014-01-06
	19. PT INDOSAT A D R		2013-09-26	2014-01-06
	34. SHIRE PLC A D R		2013-11-22	2014-01-06
	22. TOTAL FINA SA SPONSORED ADR		2013-09-26	2014-01-06
	50. MOBILE MINI INC		2013-09-26	2014-01-07
	12. TECHNE CORP		2013-09-26	2014-01-07
	7. LEAR CORP		2013-09-26	2014-01-10
	16. OMNICARE INC		2013-09-26	2014-01-10
	13. UNITEDHEALTH GROUP INC COM		2013-09-26	2014-01-10
	14. AXIS CAPITAL HOLDINGS LTD		2013-09-26	2014-01-10
	15. AMERICAN EXPRESS CO		1999-03-04	2014-01-13
	3. GOOGLE INC CL A		2013-09-26	2014-01-13
	22. MCDERMOTT INTL INC		2013-09-26	2014-01-13
	270. ADVANCED SEMICONDUCTOR ENGNRG A D R		2013-11-22	2014-01-15
	30.9986 COMPANHIA PARANAENSE ENER SP A D R		2013-09-26	2014-01-15
	11.0014 COMPANHIA PARANAENSE ENER SP A D R		2013-09-26	2014-01-15
	10. DELHAIZE GROUP SPONS A D R		2013-09-27	2014-01-15
	9. NICE SYS LTD SPONSORED A D R		2013-11-11	2014-01-15
	6. ORIX CORP SPONS A D R		2013-09-26	2014-01-15
	22. SHIRE PLC A D R		2013-12-06	2014-01-15
	7. TIME WARNER CABLE INC		2013-09-26	2014-01-15
	13. JOS A BANK CLOTHIERS INC		2013-09-26	2014-01-16
	13. STURM RUGER & CO INC		2013-09-26	2014-01-16
	20. UNITEDHEALTH GROUP INC COM		2013-09-26	2014-01-17
	3. THE SCOTTS MIRACLE GRO COMPANY		2013-09-26	2014-01-21
	14. THE SCOTTS MIRACLE GRO COMPANY		2013-09-26	2014-01-22
	20. EAGLE MATERIALS INC		2013-09-26	2014-01-23
	57. ROYAL DUTCH SHELL PLC A D R		2013-09-26	2014-01-23
	6. THE SCOTTS MIRACLE GRO COMPANY		2013-09-26	2014-01-23
	8. JUNIPER NETWORKS INC COM		2013-09-26	2014-01-24
	8. THE SCOTTS MIRACLE GRO COMPANY		2013-09-26	2014-01-24
	12. DELHAIZE GROUP SPONS A D R		2013-09-26	2014-01-27
	6. INGREDION INC		2013-09-26	2014-01-27
	4. ORIX CORP SPONS A D R		2013-09-26	2014-01-27
	12. PT INDOSAT A D R		2013-09-26	2014-01-27
	4. ROYAL DUTCH SHELL PLC A D R		2014-01-06	2014-01-27
	27. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2014-01-27
	29. WNS HOLDINGS LTD ADR		2013-10-21	2014-01-27
	6. INGREDION INC		2013-09-26	2014-01-28
	24. MCDERMOTT INTL INC		2013-09-26	2014-01-28
	16. OWENS ILL INC		2013-09-26	2014-01-28
	9. XYLEM INC		2013-09-26	2014-01-28
	18. NABORS INDUSTRIES LTD		2013-09-26	2014-01-28
	36. IAC INTERACTIVECORP		2013-09-26	2014-01-30
	2. AMERIPRISE FINL INC		2013-09-26	2014-01-31
	50. AMERICAN EXPRESS CO		1999-03-04	2014-02-03
	11. VISA INC		2013-09-26	2014-02-03
	4. AMGEN INC COM		2013-09-26	2014-02-04
	13. MACYS INC		2013-09-26	2014-02-04
	24. AGCO CORP		2013-09-26	2014-02-05
	12. ASTRAZENECA PLC SPONSORED ADR		2014-01-15	2014-02-05
	18. BP AMOCO P L C SPONSORED ADR		2014-01-06	2014-02-05
	9. DELHAIZE GROUP SPONS A D R		2013-09-26	2014-02-05
	25. INFOSYS TECHNOLOGIES SP A D R		2014-01-15	2014-02-05
	48. NTT DOCOMO INC A D R		2013-09-26	2014-02-05
	1. NTT DOCOMO INC A D R		2014-01-06	2014-02-05
	9. ROYAL DUTCH SHELL PLC A D R		2014-01-06	2014-02-05
	8. WNS HOLDINGS LTD ADR		2013-09-26	2014-02-05
	4. XYLEM INC		2013-09-26	2014-02-05
	9. CIGNA CORP COM		2013-09-26	2014-02-10
	89. ON SEMICONDUCTOR CORPORATION		2013-09-26	2014-02-10
	36. AGILENT TECHNOLOGIES INC COM		2013-11-11	2014-02-14
	38. ASTRAZENECA PLC SPONSORED ADR		2014-01-15	2014-02-14
	1. BRITISH AMERN TOB PLC ADR		2013-09-26	2014-02-14
	2. DELHAIZE GROUP SPONS A D R		2013-09-26	2014-02-14
	6. CITY TELECOM HK LTD A D R		2013-09-26	2014-02-14
	1.0006 INFOSYS TECHNOLOGIES SP A D R		2013-12-16	2014-02-14
	47.9994 INFOSYS TECHNOLOGIES SP A D R		2014-01-27	2014-02-14
	22. MELCO CROWN ENTERTAINMENT LMTD A D R		2013-12-18	2014-02-14
	15. NTT DOCOMO INC A D R		2013-09-26	2014-02-14
	1. ORIX CORP SPONS A D R		2013-09-26	2014-02-14
	10. TOYOTA MTR CORP ADR 2 COM		2013-09-26	2014-02-14
	85. ABB LTD A D R		2013-11-11	2014-02-28
	63. ASTRAZENECA PLC SPONSORED ADR		2014-01-15	2014-02-28
	6. GRUPO SIMEC A D R		2013-09-26	2014-02-28
	4. CITY TELECOM HK LTD A D R		2013-09-26	2014-02-28
	20. ROYAL DUTCH SHELL PLC A D R		2014-01-06	2014-02-28
	2. SMITH & NEPHEW P L C A D R		2013-09-26	2014-02-28
	4. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2014-02-28
	4. ABERCROMBIE & FITCH CO CL A		2013-12-04	2014-03-03
	3. ROCKWOOD HLDGS INC		2013-09-26	2014-03-03
	12. TIME WARNER CABLE INC		2013-09-26	2014-03-03
	19. ROCKWOOD HLDGS INC		2013-09-26	2014-03-04
	33. SYMANTEC CORP COM		2013-09-26	2014-03-04
	976.563 BLACKROCK EMERGING MKTS L S EQTY IS		2013-09-25	2014-03-07
	12.5 KNOWLES CORP		2013-09-26	2014-03-07
	5. RANGE RESOURCES CORP		2013-09-26	2014-03-11
	13. IAC INTERACTIVECORP		2013-09-26	2014-03-12
	92. MONSTER BEVERAGE CORP		2013-09-26	2014-03-12
	5. ABERCROMBIE & FITCH CO CL A		2013-12-04	2014-03-13
	28. ASTRONICS CORP		2013-09-26	2014-03-13
	4. PT INDOSAT A D R		2013-09-26	2014-03-13
	20. ROYAL DUTCH SHELL PLC A D R		2014-01-06	2014-03-13
	3. TEVA PHARMACEUTICAL INDS LTD A D R		2013-09-26	2014-03-13
	3. ABERCROMBIE & FITCH CO CL A		2013-12-04	2014-03-14
	11. DIEBOLD INC		2013-11-19	2014-03-18
	38. NETAPP INC		2013-09-26	2014-03-18
	75. ARCELORMITTAL NY REGISTERED		2014-02-28	2014-03-24
	13. ATHENAHEALTH INC		2013-09-26	2014-03-24
	2. GRUPO SIMEC A D R		2013-09-26	2014-03-24
	12. CITY TELECOM HK LTD A D R		2013-09-26	2014-03-24
	63. INFOSYS TECHNOLOGIES SP A D R		2014-01-06	2014-03-24
	2. ORIX CORP SPONS A D R		2013-09-26	2014-03-24
	52. ROYAL DUTCH SHELL PLC A D R		2013-09-26	2014-03-24
	1. SMITH & NEPHEW P L C A D R		2013-09-26	2014-03-24
	26. SUMITOMO MITSUI FINL GROUP A D R		2014-01-15	2014-03-24
	29. PERRIGO CO LTD		2013-12-19	2014-03-24
	8. CIGNA CORP COM		2013-09-26	2014-03-27
	16. TYCO INTERNATIONAL LTD		2013-09-26	2014-03-27
	119. JOS A BANK CLOTHIERS INC		2013-09-26	2014-03-28
	6. SCHLUMBERGER LTD ORD		2000-04-20	2014-03-31
	91. SYMANTEC CORP COM		2013-10-25	2014-04-01
	6. BED BATH & BEYOND INC COM		2013-09-26	2014-04-04
	10. BED BATH & BEYOND INC COM		2013-09-26	2014-04-04
	24. COMCAST CORP CL A		2013-09-26	2014-04-04
	2. GRUPO SIMEC A D R		2013-09-26	2014-04-04
	11. CITY TELECOM HK LTD A D R		2013-09-26	2014-04-04
	14. INFOSYS TECHNOLOGIES SP A D R		2013-11-11	2014-04-04
	9. MCKESSON HBOC INC COM		2013-09-26	2014-04-04
	52. ROYAL DUTCH SHELL PLC A D R		2013-10-09	2014-04-04
	20. SANOFI A D R		2013-10-23	2014-04-04
	50. STATOIL ASA A D R		2014-02-28	2014-04-04
	56. SUMITOMO MITSUI FINL GROUP A D R		2014-01-15	2014-04-04
	16. BED BATH & BEYOND INC COM		2013-09-26	2014-04-08
	17. GOLDMAN SACHS GROUP INC		2013-09-26	2014-04-08
	40. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2013-09-26	2014-04-11
	76. GANNETT INC COM		2013-09-26	2014-04-11
	22. IAC INTERACTIVECORP		2013-09-26	2014-04-11
	6. VALIDUS HOLDINGS LTD		2013-09-26	2014-04-11
	8. ALLEGHENY TECHNOLOGIES INC COM		2013-09-26	2014-04-14
	3. GRUPO SIMEC A D R		2013-09-26	2014-04-15
	7. CITY TELECOM HK LTD A D R		2013-09-26	2014-04-15
	27. NICE SYS LTD SPONSORED A D R		2014-03-13	2014-04-15
	2. ORIX CORP SPONS A D R		2013-09-26	2014-04-15
	11. SHIRE PLC A D R		2014-02-28	2014-04-15
	145. SUMITOMO MITSUI FINL GROUP A D R		2014-01-15	2014-04-15
	77. GILEAD SCIENCES INC		2008-05-02	2014-04-23
	240. ISHARES MSCI EMERGING MARKETS ETF		2013-09-23	2014-04-23
	60. MARATHON OIL CORPORATION		2013-09-26	2014-04-23
	25. AMGEN INC COM		2013-09-26	2014-04-28
	527. BANK OF AMERICA CORP		2014-02-27	2014-04-28
	25. CIGNA CORP COM		2013-09-26	2014-04-28
	3. GRUPO SIMEC A D R		2013-09-26	2014-04-28
	4. CITY TELECOM HK LTD A D R		2013-09-26	2014-04-28
	8. INFOSYS TECHNOLOGIES SP A D R		2013-10-09	2014-04-28
	2. ORIX CORP SPONS A D R		2013-09-26	2014-04-28
	9. SHIRE PLC A D R		2014-02-14	2014-04-28
	19. SIEMENS A G SPONSORED ADR		2013-09-26	2014-04-28
	140. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-04-28
	21. TAIWAN SEMICONDUCTOR MFG SPON ADR		2014-03-24	2014-04-28
	3. CLEAN HBRS INC		2013-09-26	2014-04-30
	16. NEWFIELD EXPL CO		2013-09-26	2014-04-30
	.36 TOOTSIE ROLL INDS INC		2013-09-26	2014-04-30
	2. CLEAN HBRS INC		2013-09-26	2014-05-01
	13. MCKESSON HBOC INC COM		2013-09-26	2014-05-01
	3. J M SMUCKER CO THE NEW COM WI		2013-09-26	2014-05-01
	9. WILLIS GROUP HOLDINGS PLC		2013-09-26	2014-05-01
	5. KROGER CO COM		2013-09-26	2014-05-02
	261. LSI CORPORATION		2013-10-25	2014-05-06
	47. ASTRAZENECA PLC SPONSORED ADR		2013-12-18	2014-05-07
	95. BROCADE COMMUNICATIONS SYS		2013-09-26	2014-05-07
	23. CUMMINS INC		2013-09-26	2014-05-07
	12.99989 MELCO CROWN ENTERTAINMENT LMTD A D R		2014-03-13	2014-05-07
	28.00011 MELCO CROWN ENTERTAINMENT LMTD A D R		2014-04-04	2014-05-07
	45. NETAPP INC		2013-09-26	2014-05-07
	2. ORIX CORP SPONS A D R		2013-09-26	2014-05-07
	143. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-05-07
	25. BERKSHIRE HATHAWAY INC CL B		2013-09-26	2014-05-12
	6. APPLE COMPUTER INC COM		2006-03-24	2014-05-13
	17. AVAGO TECHNOLOGIES		2013-12-17	2014-05-16
	29. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2014-05-19
	24. INFOSYS TECHNOLOGIES SP A D R		2013-10-09	2014-05-19
	48. MELCO CROWN ENTERTAINMENT LMTD A D R		2014-02-19	2014-05-19
	2. ORIX CORP SPONS A D R		2013-09-26	2014-05-19
	4. REED ELSEVIER NV A D R		2014-02-28	2014-05-19
	41. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-05-19
	89. TAIWAN SEMICONDUCTOR MFG SPON ADR		2014-03-24	2014-05-19
	9. TRINITY BIOTECH PLC SPON A D R		2013-09-27	2014-05-19
	12. NABORS INDUSTRIES LTD		2013-09-26	2014-05-19
	2. COOPER COS INC		2014-03-04	2014-05-21
	.3 INVESTORS BANCORP INC		2014-05-05	2014-05-21
	55. KINDER MORGAN MANAGEMENT L L C		2014-02-28	2014-05-23
	93. MCDERMOTT INTL INC		2013-09-26	2014-05-27
	12. VALERO ENERGY CORP		2014-04-28	2014-05-27
	17. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2014-05-28
	17. MELCO CROWN ENTERTAINMENT LMTD A D R		2013-10-30	2014-05-28
	25. NICE SYS LTD SPONSORED A D R		2014-02-14	2014-05-28
	3. ORIX CORP SPONS A D R		2013-09-26	2014-05-28
	12. SHIRE PLC A D R		2014-05-19	2014-05-28
	28. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-05-28
	8. TRINITY BIOTECH PLC SPON A D R		2013-09-26	2014-05-28
	7. DIEBOLD INC		2013-11-19	2014-06-02
	25. TYCO INTERNATIONAL LTD		2013-09-26	2014-06-03
	4. J M SMUCKER CO THE NEW COM WI		2013-09-26	2014-06-04
	3. SPECTRA ENERGY CORP		2014-01-27	2014-06-04
	67. TYSON FOODS INC CL A		2014-01-31	2014-06-04
	12. CADENCE DESIGN SYS INC		2014-04-23	2014-06-06
	6. ABERCROMBIE & FITCH CO CL A		2013-12-04	2014-06-10
	24. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2014-06-10
	13. BALCHEM CORP		2013-09-26	2014-06-10
	7. GRIFOLS SA A D R		2014-05-19	2014-06-10
	6. GRUPO SIMEC A D R		2013-09-26	2014-06-10
	16. INDUSTRIAS BACHOCO SAB DE CV A D R		2013-09-26	2014-06-10
	51. MELCO CROWN ENTERTAINMENT LMTD A D R		2013-11-11	2014-06-10
	37. NICE SYS LTD SPONSORED A D R		2014-02-14	2014-06-10
	37. OLD DOMINION FGHT LINE INC		2013-09-26	2014-06-10
	1. ORIX CORP SPONS A D R		2013-09-26	2014-06-10
	19. SHIRE PLC A D R		2013-12-06	2014-06-10
	10. SIBANYE GOLD SPON A D R		2014-04-04	2014-06-10
	38. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-06-10
	3. TRINITY BIOTECH PLC SPON A D R		2013-09-26	2014-06-10
	12. TYSON FOODS INC CL A		2013-09-26	2014-06-10
	16. KNOWLES CORP		2013-09-26	2014-06-11
	68. KOSS CORP		2013-09-26	2014-06-11
	4. MOLSON COORS BREWING CO CL B		2013-09-26	2014-06-11
	12. QUEST DIAGNOSTICS INC COM		2013-09-26	2014-06-11
	12. SANOFI A D R		2013-09-26	2014-06-11
	15. KOSS CORP		2013-09-26	2014-06-12
	12. CROWN HOLDINGS INC		2013-09-26	2014-06-13
	75. FIRST ENERGY CORP		2013-12-23	2014-06-13
	3. LEAR CORP		2013-09-26	2014-06-13
	12. VALIDUS HOLDINGS LTD		2013-09-26	2014-06-13
	12. EXXON MOBIL CORP		1975-11-17	2014-06-18
	19. SANOFI A D R		2013-09-26	2014-06-18
	.125 TIME INC		2013-09-26	2014-06-19
	8. ASTRAZENECA PLC SPONSORED ADR		2013-09-26	2014-06-20
	30. GRIFOLS SA A D R		2014-05-07	2014-06-20
	2. GRUPO SIMEC A D R		2013-09-26	2014-06-20
	9. CITY TELECOM HK LTD A D R		2013-09-26	2014-06-20
	22. LG DISPLAY CO LTD A D R		2014-04-28	2014-06-20
	5. NATIONAL GRID PLC SP A D R		2014-05-19	2014-06-20
	15. NICE SYS LTD SPONSORED A D R		2014-02-05	2014-06-20
	6. ORIX CORP SPONS A D R		2013-09-26	2014-06-20
	12. SHIRE PLC A D R		2013-09-27	2014-06-20
	3. SMITH & NEPHEW P L C A D R		2014-05-19	2014-06-20
	28. SUMITOMO MITSUI FINL GROUP A D R		2013-09-26	2014-06-20
	.5 WASHINGTON PRIME GROUP		2013-09-26	2014-06-20
	12. SEAGATE TECHNOLOGY		2013-09-26	2014-06-20
	10. NORFOLK SOUTHN CORP		2013-09-26	2014-06-24
	19. SANOFI A D R		2013-09-26	2014-06-25
	8. ABERCROMBIE & FITCH CO CL A		2013-12-04	2014-06-26
	6. ALLEGHENY TECHNOLOGIES INC COM		2013-09-26	2014-06-26
	6. HARLEY DAVIDSON INC.		2013-09-26	2014-06-26
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	19		19
b	50,439	54,593	-4,154
c	159,725	166,702	-6,977
d	116,661	137,954	-21,293
e	10,063	10,708	-645
	147,396	62,785	84,611
	65,454	49,193	16,261
	162,875	19,882	142,993
	94,254	28,200	66,054
	93,583	2,395	91,188
	72,663	4,100	68,563
	121,425	55,494	65,931
	86,446	36,616	49,830
	123,831	79,836	43,995
	52,029	73,356	-21,327
	114,720	30,845	83,875
	108,264	115,146	-6,882
	57,961	61,289	-3,328
	42,897	43,631	-734
	97,824	3,692	94,132
	96,095	11,032	85,063
	94,679	60,150	34,529
	179,787	181,775	-1,988
	211,214	186,462	24,752
	62,124	35,249	26,875
	95,171	15,998	79,173
	118,252	41,777	76,475
	19,904	19,286	618
	64,359	50,958	13,401
	80,899	56,120	24,779
	242,279	5,681	236,598
	84,337	14,442	69,895
	72,904	29,354	43,550
	56,875	53,808	3,067
	82,015	85,783	-3,768
	382	163	219
	5,814	712	5,102
	956	25	931
	1,754	746	1,008
	419	272	147
	413	421	-8
	1,128	44	1,084
	456	261	195
	1,859	775	1,084
	531	221	310
	770	133	637
	704	288	416
	81,031	64,503	16,528
	184	184
	1,549	1,559	-10
	1,190	1,194	-4
	954	967	-13
	168	170	-2
	1,267	1,272	-5
	574	583	-9
	498	500	-2
	513	518	-5
	115	118	-3
	689	702	-13
	283	284	-1
	449	423	26
	201	188	13
	214	216	-2
	343	318	25
	1,077	1,027	50
	3,489	3,638	-149
	430	444	-14
	31	32	-1
	2,528	2,588	-60
	12	12
	768	773	-5
	156	159	-3
	1,225	1,246	-21
	317	333	-16
	991	1,012	-21
	178	188	-10
	611	618	-7
	1,085	1,149	-64
	924	980	-56
	167	166	1
	84	84
	1,093	1,090	3
	434	376	58
	1,714	1,731	-17
	820	727	93
	621	609	12
	917	889	28
	330	326	4
	70	73	-3
	2,215	2,147	68
	376	381	-5
	337	333	4
	388	396	-8
	1,136	986	150
	2,051	1,859	192
	1,187	1,158	29
	1,270	1,211	59
	976	943	33
	1,133	1,100	33
	1,501	1,540	-39
	722	758	-36
	662	641	21
	474	505	-31
	1,023	1,011	12
	5,366	5,008	358
	1,244	1,239	5
	347	336	11
	1,300	1,297	3
	809	816	-7
	243	232	11
	522	511	11
	45	49	-4
	177	167	10
	350	335	15
	193	198	-5
	266	266
	2,336	2,374	-38
	581	539	42
	359	311	48
	208	212	-4
	6,417	6,309	108
	1,578	1,466	112
	19	20	-1
	149	144	5
	760	659	101
	1,347	533	814
	228	228
	1,171	1,160	11
	406	397	9
	76	85	-9
	27	27
	1,010	1,008	2
	2,803	2,706	97
	241	250	-9
	1,290	1,231	59
	5,231	5,209	22
	265	268	-3
	65	63	2
	933	868	65
	2,281	2,374	-93
	895	824	71
	404	403	1
	440	412	28
	832	929	-97
	577	545	32
	923	937	-14
	321	323	-2
	317	274	43
	236	258	-22
	207	212	-5
	237	252	-15
	1,902	1,568	334
	190	223	-33
	119	114	5
	212	204	8
	203	187	16
	117	125	-8
	239	252	-13
	251	246	5
	155	151	4
	24	20	4
	631	648	-17
	5,489	6,956	-1,467
	3,654	3,605	49
	591	635	-44
	243	251	-8
	206	201	5
	1,698	1,372	326
	707	646	61
	162	156	6
	457	417	40
	1,292	1,249	43
	327	314	13
	1,639	1,557	82
	688	751	-63
	713	641	72
	2,587	2,433	154
	1,319	1,306	13
	1,559	1,328	231
	342	300	42
	297	285	12
	1,196	1,125	71
	1,382	1,355	27
	63	69	-6
	657	699	-42
	2,562	2,498	64
	277	251	26
	1,237	1,177	60
	1,103	1,187	-84
	202	220	-18
	955	1,079	-124
	112	96	16
	1,925	1,694	231
	158	139	19
	1,400	1,298	102
	242	219	23
	848	798	50
	599	564	35
	1,557	1,601	-44
	90	100	-10
	1,294	1,373	-79
	555	502	53
	1,501	1,443	58
	165	188	-23
	409	328	81
	4,505	3,694	811
	10,098	7,983	2,115
	1,018	928	90
	188	184	4
	1,029	882	147
	218	202	16
	574		574
	25	25
	641	630	11
	432	486	-54
	1,470	1,494	-24
	210	214	-4
	176	195	-19
	2,227	2,359	-132
	350	333	17
	303	424	-121
	4,776	4,702	74
	1,307	1,291	16
	2,063	1,696	367
	1,134	962	172
	574	507	67
	1,005	880	125
	971	937	34
	648	607	41
	1,316	488	828
	3,403	2,628	775
	195	165	30
	1,310	1,348	-38
	408	429	-21
	145	152	-7
	628	637	-9
	369	342	27
	502	500	2
	3,220	2,972	248
	948	784	164
	730	570	160
	1,103	806	297
	1,453	1,442	11
	183	165	18
	860	772	88
	1,599	1,439	160
	4,109	3,749	360
	368	331	37
	227	162	65
	482	441	41
	797	763	34
	382	403	-21
	315	333	-18
	198	268	-70
	284	282	2
	1,165	1,025	140
	637	608	29
	381	403	-22
	196	180	16
	514	490	24
	303	254	49
	307	296	11
	2,534	1,966	568
	209	183	26
	4,233	1,627	2,606
	2,383	2,134	249
	468	453	15
	664	562	102
	1,205	1,467	-262
	757	753	4
	831	846	-15
	555	572	-17
	1,416	1,514	-98
	739	782	-43
	15	16	-1
	613	634	-21
	163	167	-4
	145	113	32
	688	701	-13
	788	659	129
	2,005	1,859	146
	2,577	2,384	193
	101	107	-6
	129	127	2
	47	38	9
	59	61	-2
	2,809	2,859	-50
	935	837	98
	240	244	-4
	74	83	-9
	1,150	1,319	-169
	2,160	2,141	19
	4,305	3,728	577
	70	73	-3
	31	25	6
	1,459	1,410	49
	159	125	34
	198	152	46
	157	143	14
	236	203	33
	1,667	1,345	322
	1,542	1,288	254
	692	829	-137
	9,980	10,459	-479
	373	370	3
	439	389	50
	984	710	274
	6,712	4,932	1,780
	195	178	17
	1,788	1,231	557
	68	89	-21
	1,451	1,377	74
	147	114	33
	117	107	10
	440	361	79
	1,418	1,639	-221
	1,171	1,299	-128
	2,154	1,391	763
	24	24
	69	75	-6
	3,383	3,467	-84
	135	167	-32
	3,721	3,420	301
	76	63	13
	214	272	-58
	4,526	4,505	21
	627	623	4
	671	563	108
	7,637	5,221	2,416
	585	221	364
	1,825	2,210	-385
	415	465	-50
	692	774	-82
	1,205	1,057	148
	22	24	-2
	64	69	-5
	772	746	26
	1,538	1,155	383
	3,811	3,357	454
	1,024	1,020	4
	1,407	1,323	84
	489	585	-96
	1,080	1,239	-159
	2,682	2,745	-63
	2,312	2,177	135
	1,993	2,019	-26
	1,569	1,201	368
	222	220	2
	322	245	77
	35	37	-2
	39	44	-5
	1,196	1,091	105
	132	167	-35
	1,584	1,878	-294
	1,165	1,468	-303
	5,781	2,050	3,731
	9,878	10,159	-281
	2,191	2,108	83
	2,790	2,831	-41
	7,984	7,738	246
	1,952	1,947	5
	33	37	-4
	22	25	-3
	420	396	24
	144	167	-23
	1,497	1,449	48
	2,442	2,314	128
	1,096	1,414	-318
	421	390	31
	177	173	4
	510	442	68
	10	11	-1
	118	115	3
	2,206	1,669	537
	289	316	-27
	372	397	-25
	233	205	28
	2,910	2,049	861
	3,693	2,572	1,121
	785	791	-6
	3,439	3,077	362
	443	548	-105
	954	1,089	-135
	1,519	1,940	-421
	147	167	-20
	1,130	1,444	-314
	3,174	2,881	293
	3,558	356	3,202
	1,153	915	238
	2,085	1,507	578
	1,238	1,188	50
	1,533	1,846	-313
	154	167	-13
	169	176	-7
	316	414	-98
	1,833	1,651	182
	214	194	20
	303	197	106
	263	253	10
	3	3
	3,991	3,937	54
	660	698	-38
	647	700	-53
	1,215	883	332
	593	592	1
	984	994	-10
	234	250	-16
	2,079	1,781	298
	223	283	-60
	190	172	18
	263	230	33
	1,083	880	203
	412	422	-10
	122	104	18
	2,801	2,300	501
	203	177	26
	243	214	29
	1,741	1,247	494
	701	675	26
	318	286	32
	82	73	9
	831	641	190
	1,530	1,765	-235
	1,511	1,468	43
	2,357	1,689	668
	80	83	-3
	3,433	2,306	1,127
	99	94	5
	312	384	-72
	70	64	6
	427	343	84
	488	473	15
	203	352	-149
	283	203	80
	718	750	-32
	643	605	38
	46	78	-32
	590	516	74
	2,541	2,687	-146
	267	217	50
	447	440	7
	1,228	27	1,201
	1,018	958	60
	3	3
	605	416	189
	1,347	1,216	131
	27	24	3
	55	57	-2
	325	302	23
	371	373	-2
	610	589	21
	493	500	-7
	2,739	1,426	1,313
	277	203	74
	243	283	-40
	10	9	1
	674	517	157
	1,021	781	240
	1,015	958	57
	335	285	50
	264	184	80
	413	386	27
			6,557

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			19
b			-4,154
c			-6,977
d			-21,293
e			-645
			84,611
			16,261
			142,993
			66,054
			91,188
			68,563
			65,931
			49,830
			43,995
			-21,327
			83,875
			-6,882
			-3,328
			-734
			94,132
			85,063
			34,529
			-1,988
			24,752
			26,875
			79,173
			76,475
			618
			13,401
			24,779
			236,598
			69,895
			43,550
			3,067
			-3,768
			219
			5,102
			931
			1,008
			147
			-8
			1,084
			195
			1,084
			310
			637
			416
			16,528

			-10
			-4
			-13
			-2
			-5
			-9
			-2
			-5
			-3
			-13
			-1
			26
			13
			-2
			25
			50
			-149
			-14
			-1
			-60

			-5
			-3
			-21
			-16
			-21
			-10
			-7
			-64
			-56
			1

			3
			58
			-17
			93
			12
			28
			4
			-3
			68
			-5
			4
			-8
			150
			192
			29
			59
			33
			33
			-39
			-36
			21
			-31
			12
			358
			5
			11
			3
			-7
			11
			11
			-4
			10
			15
			-5

			-38
			42
			48
			-4
			108
			112
			-1
			5
			101
			814

			11
			9
			-9

			2
			97
			-9
			59
			22
			-3
			2
			65
			-93
			71
			1
			28
			-97
			32
			-14
			-2
			43
			-22
			-5
			-15
			334
			-33
			5
			8
			16
			-8
			-13
			5
			4
			4
			-17
			-1,467
			49
			-44
			-8
			5
			326
			61
			6
			40
			43
			13
			82
			-63
			72
			154
			13
			231
			42
			12
			71
			27
			-6
			-42
			64
			26
			60
			-84
			-18
			-124
			16
			231
			19
			102
			23
			50
			35
			-44
			-10
			-79
			53
			58
			-23
			81
			811
			2,115
			90
			4
			147
			16
			574

			11
			-54
			-24
			-4
			-19
			-132
			17
			-121
			74
			16
			367
			172
			67
			125
			34
			41
			828
			775
			30
			-38
			-21
			-7
			-9
			27
			2
			248
			164
			160
			297
			11
			18
			88
			160
			360
			37
			65
			41
			34
			-21
			-18
			-70
			2
			140
			29
			-22
			16
			24
			49
			11
			568
			26
			2,606
			249
			15
			102
			-262
			4
			-15
			-17
			-98
			-43
			-1
			-21
			-4
			32
			-13
			129
			146
			193
			-6
			2
			9
			-2
			-50
			98
			-4
			-9
			-169
			19
			577
			-3
			6
			49
			34
			46
			14
			33
			322
			254
			-137
			-479
			3
			50
			274
			1,780
			17
			557
			-21
			74
			33
			10
			79
			-221
			-128
			763

			-6
			-84
			-32
			301
			13
			-58
			21
			4
			108
			2,416
			364
			-385
			-50
			-82
			148
			-2
			-5
			26
			383
			454
			4
			84
			-96
			-159
			-63
			135
			-26
			368
			2
			77
			-2
			-5
			105
			-35
			-294
			-303
			3,731
			-281
			83
			-41
			246
			5
			-4
			-3
			24
			-23
			48
			128
			-318
			31
			4
			68
			-1
			3
			537
			-27
			-25
			28
			861
			1,121
			-6
			362
			-105
			-135
			-421
			-20
			-314
			293
			3,202
			238
			578
			50
			-313
			-13
			-7
			-98
			182
			20
			106
			10

			54
			-38
			-53
			332
			1
			-10
			-16
			298
			-60
			18
			33
			203
			-10
			18
			501
			26
			29
			494
			26
			32
			9
			190
			-235
			43
			668
			-3
			1,127
			5
			-72
			6
			84
			15
			-149
			80
			-32
			38
			-32
			74
			-146
			50
			7
			1,201
			60

			189
			131
			3
			-2
			23
			-2
			21
			-7
			1,313
			74
			-40
			1
			157
			240
			57
			50
			80
			27

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,527,557
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 . . . . . . . . . . . . . . . .		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? Yes No

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	156,172	4,571,846	0.03416
2011	179,366	4,195,009	0.042757
2010	221,329	4,241,001	0.052188
2009	239,016	4,033,913	0.059252
2008	185,194	3,652,854	0.050698

2	Total of line 1, column (d) ......................	2	0.239055
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	0.047811
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	4,933,667
5	Multiply line 4 by line 3.......................	5	235,884
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	15,889
7	Add lines 5 and 6.........................	7	251,773
8	Enter qualifying distributions from Part XII, line 4..............	8	118,240
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	31,778
	hereand 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	31,778
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	31,778
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	16,492
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	16,492
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	15,286
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSOCIATION Telephone no. bullet

(651) 466-8040

Located at bullet

101 E 5TH STREET EP-MN-S14ST PAULMN ZIP+4 bullet

55101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
TERRY HALLOCK	TRUSTEE 4	1,000
4371 WILSHIRE BOULEVARD MOUND,MN55364	TRUSTEE 4	1,000
DR GARY R JERNBERG	TRUSTEE 4	1,000
99 NAVAHO AVE STE 102 MANKATO,MN56001	TRUSTEE 4	1,000
PAUL D RHODES	TRUSTEE 4	1,000
P O BOX 153 CABLE,WI54821	TRUSTEE 4	1,000
US BANK NATIONAL ASSOCIATION	CORP. TRUSTEE 4	66,225
P O BOX 64713 ST PAUL,MN55164	CORP. TRUSTEE 4	66,225

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...................				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............. 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)

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


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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

246,683

Tax on investment income for 2013 from Part VI, line 5......

31,778

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

31,778

Distributable amount before adjustments. Subtract line 2c from line 1............

214,905

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

214,905

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

214,905

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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)

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					214,905
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......				23,475
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2013:
a From 2008.......	0
b From 2009.......	0
c From 2010.......	0
d From 2011.......	0
e From 2012.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2013 from Part
XII, line 4: $ 118,240
a Applied to 2012, but not more than line 2a				23,475
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.....					94,765
e Remaining amount distributed out of corpus		0
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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 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 ..........					120,140
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) ...		0
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2009....	0
b Excess from 2010....	0
c Excess from 2011....	0
d Excess from 2012....	0
e Excess from 2013....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

THOMAS FARRELL
C/O HULL EDUCATIONAL FDN PO BOX 1
MINNEAPOLIS,MN55418
(612) 810-3585

bThe form in which applications should be submitted and information and materials they should include:

APPLICATION FORMS PREPARED BY FOUNDATION AND SUBMITTED TO SCHOOL COUNSELORS BEFORE SUBMISSION TO FOUNDATION

cAny submission deadlines:

APPLICANTS ARE NOTIFIED BY MAY 1 EACH YEAR FOR APPROVAL OR REJECTION FOR COURSES TO BEGIN IN THE FAL

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GRADUATING SENIORS FROM ST PAUL JOHNSON & ST PAUL HARDING HIGH SCHOOL

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MN - TWIN CITIES THIRD PARTY BILLING B12 FRASER HALL 106 PLEASANT ST MINNEAPOLIS,MN554550433	NONE	N/A	SCHOLARSHIP	41,540
UNIVERSITY OF WISCONSIN MADISON OFFICE OF THE BURSAR STD ACCTS 333 E CAMPUS MALL 10501 MADISON,WI537151383	NONE	N/A	SCHOLARSHIP	31,289
NORTH DAKOTA STATE UNIVERSITY CUSTOMER ACCOUNT SERVICES DEPT 3110 P O BOX 6050 FARGO,ND581086050	NONE	N/A	SCHOLARSHIPS	9,637
UNIVERSITY OF WI - STEVENS POINT ATTN ACCTS RECEIVABLE ROOM 003 SEC 2100 MAIN ST STEVENS POINT,WI544813897	NONE	N/A	SCHOLARSHIPS	4,954
UNIVERSITY OF WI - RIVER FALLS ATTN ACCOUNTS RECEIVABLE 215 NORTH HALL 410 S 3RD ST RIVER FALLS,WI550225001	NONE	N/A	SCHOLARSHIPS	8,790
Total ................................. 3a				96,210

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	11
4 Dividends and interest from securities....			14	118,726
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory .............			18	1,527,557
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)..				1,646,294

13Total. Add line 12, columns (b), (d), and (e)..................

131,646,294

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ISHARES BARCLAYS 7 10 YR TREAS
ISHARES IBOXX INVESTMENT GRADE	181,261	190,816
ISHARES JP MORGAN EM BOND FD	144,766	158,842
DRIEHAUS SELECT CREDIT FUND	72,000	73,219
LOOMIS SAYLES STRATEGIC ALPHA	72,000	73,891
OPPENHEIMER SENIOR FLOATING	210,000	211,005

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

HULL EDUCATIONAL FOUNDATION 25249400

EIN: 41-6019516

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALLSTATE CORP.	6,165	6,870
APACHE CORP.
APPLE INC.	9,414	29,273
CISCO SYS INC.	6,997	7,281
COSTCO WHSL CORP.
EXXON MOBIL CORP.	4,199	15,706
GENERAL ELEC CO
GENERAL MILLS INC
HONEYWELL INTERNATIONAL INC.	1,358	2,324
INTEL CORP
IBM CORP
J P MORGAN CHASE & CO.	10,014	10,833
JOHNSON & JOHNSON	292	9,102
KIMBERLY CLARK CORP.
LOWE'S COS INC.
MEDTRONIC INC.	3,912	4,144
MICROSOFT CORP.	5,350	6,547
PROCTER & GAMBLE CO.
TRAVELERS COS INC.	2,228	3,669
SCHLUMBERGER LTD.	4,133	13,210
TEVA PHARMACEUTICAL INDS LTD	9,115	11,585
TEXAS INSTRUMENTS INC.
3M CO
WELLS FARGO & CO	4,707	13,771
XCEL ENERGY INC.	1,904	2,707
TARGET CORP
GILEAD SCIENCES INC
PFIZER	5,836	10,121
NUVEEN GLOBL INFRAS	115,369	144,548
UTILITIES SELECT SECTOR SPDR	126,391	168,631
ABERDEEN FDS EMRGN MKT INSTL	173,411	188,299
I SHARES MSCI EAFE INDEX FD	383,594	444,815
NEUBERGER BERMAN LONG SH INS	147,684	158,751
NUVEEN REAL ESTATE SECS I
SPDR DJ WILSHIRE INTERNATIONAL	155,746	155,150
SPDR GOLD TRUST
A E S CORP	3,871	4,370
ABAXIS INC	2,921	3,102
ABBVIE INC	1,707	2,145
ABERCROMBIE & FITCH CO	642	779
ADVISORY BOARD CO	2,874	2,541
AGL RES INC	2,121	2,531
AIR PRODS CHEMICALS INC	1,750	2,058
ALBEMARIE CORP	2,263	2,574
ALEXANDRIA REAL ESTATE EQUIT	8,986	10,792
ALLEGHENY TECHNOLOGIES INC	1,715	2,526
ALTISOURCE RESIDENTIAL CL B WI	1,018	989
AMERICAN CAMPUS CMNTYS INC	2,613	2,906
AMERICAN CAPITAL AGENCY CORP	1,516	1,756
AMERICAN EAGLE OUTFITTERS INC	2,624	2,165
AMERICAN HOMES 4 RENT A	2,519	2,664
AMERIPRISE FINL INC	1,958	2,520
AMERISOURCEBERGEN CORP	1,526	1,817
AMPCO-PITTSBURG CORP	809	1,032
AMREIT INC	4,086	4,410
ANSYS INC	3,244	2,805
APARTMENT INVT MGMT CO CL A	4,521	5,195
APOGEE ENTERPRISES INC	1,892	2,231
APOLLO EDUCATION GROUP INC	2,767	2,875
APTAR GROUP INC	6,540	7,170
ASSOCIATED ESTATES RLTY CORP	3,569	4,361
ASTEC INDUSTRIES INC	2,379	2,896
ASTRONICS CORP	1,373	1,919
ATHENAHEALTH INC	3,423	4,004
ATRION CORPORATION	1,044	1,304
AVALONBAY CMNTYS INC	5,158	5,688
BADGER METER INC	846	948
BALDWIN LYONS INC	1,211	1,245
BAR HBR BANKSHARES	509	585
BBT CORP	2,369	2,760
BEACON ROOFING SUPPLY INC	4,602	4,140
BED BATH & BEYOND INC	2,179	1,894
BERKSHIRE HATHAWAY INC CL B	28,756	31,767
BOSTON PPTYS INC	5,304	5,909
BRANDYWINE REALTY TRUST	4,704	5,491
BROCADE COMMUNICATIONS SYS	2,270	2,548
BUCKLE INC	1,282	1,065
C J ENERGY SERVICES INC	2,926	4,391
CABELAS INC CL A	2,781	2,683
CABOT MICROELECTRONICS CORP	4,167	4,867
CADENCE DESIGN SYS INC	2,129	2,833
CAL MAINE FOODS INC	2,019	3,047
CAMDEN PPTY TR	5,045	5,692
CAPITAL ONE FINANCIAL CORP	7,883	9,251
CAREFUSION CORPORATION	2,312	2,750
CBL ASSOCIATES PROPERTIES	3,837	3,819
CBS CORP CLASS B NON VOTING	1,665	1,864
CEPHEID INC	7,902	9,492
CHANNELADVISOR CORP	2,522	1,503
CHARLES RIVER LABORATORIES	1,889	2,141
CHEMED CORP	3,477	4,686
CINTAS CORP	1,982	2,478
CITIGROUP INC	9,487	9,185
CITRIX SYS INC	2,549	2,752
CLEAN HBRS INC	2,249	2,570
COACH INC	14,238	11,180
COCA COLA ENTERPRISES INC	1,498	1,768
COGNIZANT TECH SOLUTIONS CL A	10,949	12,912
COLUMBUS MCKINNON CORPORATION	560	622
COMCAST CORP CL A	4,847	5,905
CONCUR TECHNOLOGIES INC	5,587	4,574
COOPER COS INC	2,342	2,575
COSTAR GROUP INC	4,852	4,587
CPI AEROSTRUCTURES INC	819	887
CRANE CO	2,148	2,305
CROWN HOLDINGS INC	2,108	2,438
CUBIC CORP	1,718	1,424
CUMMINS INC	5,887	6,789
CVS CAREMARK CORP	5,782	7,462
DARLING INTL INC	2,454	2,508
DAWSON GEOPHYSICAL CO	594	516
DEALERTRACK TECHNOLOGIES INC	3,639	3,945
DELTA AIR LINES INC	1,640	1,626
DENTSPLY INTL INC NEW	2,002	2,178
DIEBOLD INC	1,209	1,607
DIGITAL REALTY TRUST INC	5,022	5,249
DISCOVER FINL SVCS	3,454	4,091
DOLLAR GENERAL CORP	1,423	1,434
DORMAN PRODUCTS INC	3,269	2,861
DOUGLAS EMMITT INC	4,975	5,954
DOVER CORP	4,518	5,457
DRIL QUIP INC	3,220	3,059
E M C CORPORATION	19,244	19,307
E O G RES INC	2,227	3,038
EASTGRUP PPTYS INC	5,563	6,038
ECHO GLOBAL LOGISTICS INC	2,684	2,415
EDISON INTL	1,844	2,324
ENERGEN CORP	1,632	1,778
EPR PROPERTIES	6,435	7,263
EQUITABLE CORP	6,065	6,521
EQUITY LIFESTYLE PPTYS INC	2,896	3,533
EQUITY ONE INC	2,087	2,123
ESPEY MFG & ELECTRONICS CORP	1,635	1,382
ESSEX PPTY TR INC	5,079	6,287
EXPRESS SCRIPTS HLDGS C	18,019	19,551
FASTENAL CO	6,373	6,335
FEDERAL RLTY INVT TR	5,099	6,046
FIDELITY NATL INFORMATION SVCS	3,693	4,160
FIFTH THIRD BANCORP	6,786	7,921
FIRST LONG ISLAND CORP	1,260	1,251
FISERV INC	3,532	4,222
FIVE BELOW	2,930	2,594
FLOWERS FOODS INC	2,282	2,192
FLUOR CORP	1,944	2,076
FOSTER L B CO	4,040	4,763
FRAC CUSIP KINDER MORGAN MGMT	66	73
FREIGHTCAR AMER INC	2,123	2,254
FURMANITE CORPORATION	1,800	1,886
GENTEX CORP	5,412	6,167
GEO GROUPS INC THE	3,039	3,216
GLOBAL PAYMENTS INC	1,216	1,457
GOOGLE INC CL A	3,510	4,677
GOOGLE INC CL C	3,499	4,602
GORMAN RUPP CO	8,595	9,302
GRAHAM CORP	1,990	1,915
GRANITE CONSTRUCTION INC	6,771	7,556
GREAT PLAINS ENERGY INCORP	2,203	2,633
GREIF INC CL A	1,891	2,073
GULF IS FABRICATION INC	3,256	2,841
GULFMARK OFFSHORE INC CL A	3,258	2,892
HANCOCK HLDG CO	1,789	2,013
HARDINGE INC	2,335	1,885
HARLEY DAVIDSON INC	1,416	1,537
HARTFORD FINANCIAL SERVICES GR	2,295	2,614
HASBRO INC	1,521	1,698
HAWKINS INC	1,079	1,077
HCP INC	4,192	4,179
HEALTH CARE REIT INC	6,301	6,267
HEALTHCARE SVCS GROUP INC	3,651	3,621
HINGHAM INSTITUTION FOR SAVING	885	1,032
HOME DEPOT INC	2,655	2,672
HOOKER FURNITURE CORP	1,734	1,840
HOSPITALITY PPTYS TR	8,230	8,877
HOST HOTELS RESORTS INC	9,852	12,039
HUNTSMAN CORP	2,389	2,613
ICU MED INC	1,364	1,216
IHS INC CL A	6,882	8,276
INGREDION INC	1,136	1,276
INNERWORKINGS INC	3,393	2,873
INTERNATIONAL PAPER CO	3,350	3,583
INTERPUBLIC GROUP COS INC	1,415	1,600
INVESTORS BANCORP INC	1,780	1,856
IPS THE HOSPITALIST CO	4,674	4,157
J & J SNACK FOODS CORP	5,760	6,683
JM SMUCKER CO THE	2,898	3,091
JOHNSON OUTDOORS INC	3,046	2,993
JUNIPER NETWORKS INC	1,576	1,914
K M G CHEMICALS INC	1,617	1,295
KANSAS CITY LIFE INS CO	1,674	1,728
KEWAUNEE SCIENTIFIC CORP	201	208
KROGER CO	2,096	2,570
L S I INDUSTRIES INC	2,406	2,051
L T C PPTYS INC	3,765	3,904
LABORATORY CORP OF AMER HLDGS	2,303	2,458
LAKELAND INDUSTRIES INC	732	959
LEAR CORP	2,896	3,573
LEXINGTON REALTY TRUST	5,284	5,087
LIBERTY MEDIA CORP DELAWARE	4,577	4,237
LINEAR TECHNOLOGY CORP	4,492	5,319
LKQ CORP	14,547	12,811
LOCKHEED MARTIN CORP	5,119	6,108
M D U RES GROUP INC	5,280	6,634
M F R I INC	1,375	1,346
M K S NSTRUMENTS INC	1,031	1,218
M T BANK CORP	10,580	11,661
MACYS INC	1,512	2,031
MARATHON PETROLEUM CORP	3,136	2,654
MARCUS CORP	7,174	7,902
MARTEN TRANSPORTATION LTD	827	1,073
MAXIMUS INC	6,669	6,367
MCKESSON CORPORATION	1,925	2,793
MEAD JOHNSON NUTRITION CO	8,014	8,944
MEDNAX INC	3,886	4,536
MERIT MED SYS INC	1,321	1,570
METLIFE INC	1,995	2,334
MICROCHIP TECHNOLOGY INC	2,213	2,685
MIDDLEBY CORP	3,322	3,226
MILLER INDUSTRIES INC	946	1,050
MITCHAM INDS INC	1,683	1,356
MOBILE MINI INC	3,155	4,454
MOLSON COORS BREWING CO CL B	2,073	3,041
MONARCH CASINO & RESORT INC	1,988	1,529
MONMOUTH REAL ESTATE INVES COR	1,623	1,817
MSA SAFETY INC	2,112	2,357
NATIONAL INSTRS CORP	6,212	6,478
NATIONAL OILWELL VARCO INC	5,396	6,259
NATIONAL PRESTO INDS INC	2,273	2,331
NATIONAL RETAIL PROPERTIES INC	4,493	5,207
NEOGEN CORP	2,910	2,954
NEWELL RUBBERMAID INC	1,875	2,107
NEWFIELD EXPL CO	1,436	2,298
NEWS CORP NEW CL A W	1,352	1,489
NORFOLK SOUTHN CORP	2,266	2,988
NOW INC DE W I	607	688
NUCOR CORP	1,524	1,527
OCCIDENTAL ETROLEUM CORP	6,532	7,184
OIL DRI CORP AMER	1,256	1,131
OMNICARE INC	2,639	3,195
OMNICOM GROUP INC	1,287	1,424
ON SEMICONDUCTOR CORPORATION	1,302	1,609
ORACLE CORPORATION	3,249	3,364
OWENS III INC	1,134	1,282
PARKER HANNIFIN CORP	4,384	5,029
PATTERSON COMPANIES INC	6,138	6,006
PETSMART INC	2,170	1,794
PHILLIPS 66	5,925	7,400
PIKE CORPORATION	694	547
PIONEER NAT RES CO	2,254	2,758
PORTFOLIO RECOVERY ASSOCIATES	6,120	5,953
PORTLAND GENERAL ELECTRIC CO	2,213	2,704
POWELL INDS INC	1,759	1,896
PRICELINE COM INC	7,405	8,421
PROTO LABS INC	4,488	4,751
PRUDENTIAL FINANCIAL INC	2,636	2,663
PUBLIC STORAGE INC	12,967	13,708
QEP RESOURCES INC	2,886	3,416
QUALCOMM INC	16,025	18,454
QUEST DIAGNOSTICS INC	4,515	4,460
RANGE RESOURCES CORP	779	870
RAYTHEON COMPANY	3,854	4,336
REALTY INCOME CORP	5,345	5,819
REGAL BELOIT CORP	2,063	2,357
REINSURANCE GROUP AMERICA	2,222	2,604
ROCK TENN CO CL A	2,602	2,534
ROCKWOOD HLDGS INC	3,321	3,724
ROLLINS INC	2,620	2,970
ROPER INDS INC	5,915	6,424
RPC ENERGY SVCS INC	1,274	1,903
SALLY BEAUTY COMPANY	2,490	2,358
SANDERSON FARMS INC	1,257	1,847
SCANA CORPORATION	1,863	2,152
SCRIPPS NETWORKS INTERACTIVE I	1,726	1,785
SEMTECH CORP	3,977	3,478
SENIOR HOUSING PROP TRUST	3,925	4,056
SOFCP OMDS OMC	1,527	2,496
SILGAN HLDGS INC	1,605	1,728
SILVER BAY REALTY TRUST CORP	925	979
SIMON PROPERTY GROUP INC	14,265	16,794
SIX FLAGS ENTERTAINMENT	1,578	1,745
SPAN AMERICA MEDICAL SYS INC	1,917	1,846
SPECTRA ENERGY CORP	2,655	3,271
STANLEY BLACK DECKER INC	2,664	2,635
STARRETT L S CO	401	538
STATE STR CORP	2,586	2,623
STEPAN CO	748	687
STERICYCLE INC	16,160	16,579
STURM RUGER & CO INC	7,810	7,435
SUN HYDRAULICS CORP	2,334	2,639
SUNTRUST BKS INC	2,344	2,884
SYNALLOY CORP	1,981	1,954
SYNOPSYS INC	2,947	3,028
SYSCO CORP	2,275	2,547
T C F FINL CORP	2,140	2,325
TANGER FACTORY OUTLET CTRS INC	5,583	5,980
TECHNE CORP	3,686	4,258
THOR INDUSTRIES INC	1,185	1,194
TIME INC	210	242
TIME WARNER INC	5,032	5,690
TOOTSIE ROLL INDS INC	364	353
TUPPERWARE BRANDS CORP	2,882	2,762
TWIN DISC INC	2,318	2,941
TYSON FOODS INC	1,969	2,590
ULTIMATE SOFTWARE GROUP INC	7,769	7,323
UNIT CORP	6,129	8,948
UNITED CONTINENTAL HOLDINGS IN	931	904
UNITED NAT FOODS INC	5,589	5,468
UNUM GROUP	1,238	1,390
UTAH MED PRODS INC	4,794	4,270
VALERO ENERGY CORP	2,227	2,305
VALUE LINE INC	116	225
VARIAN MED SYS INC	7,029	7,898
VENTAS INC	5,030	5,128
VERISK ANALYTICS INC CL A	10,215	9,603
VERIZON COMMUNICATIONS INC	2,175	2,202
VISA INC	6,727	7,164
VORNADO REALTY TRUST	3,054	3,629
WASHINGTON PRIME GROUP	899	937
WEINGARTEN RLTY INVTS	4,487	4,959
WEIS MKTS INC	3,309	3,064
WESTERN DIGITAL CORP	1,980	2,677
WEYERHAEUSER CO	5,678	6,320
XYLEM INC	1,468	2,032
ZEP INC	513	565
ZIMMER HOLDINGS INC	2,327	2,493
ZIONS BANCORPORATION	1,854	2,004
ACE LTD	4,332	4,770
ASTRAZENECA P L C SPSD ADR	2,599	3,716
AVIANCA HOLDINGS A D R	3,826	4,157
BP PLC SPONS A D R	3,497	3,745
BRITISH AMERN TOB PLC	15,971	17,624
CANON INC SPONS A D R	8,149	8,319
CITY TELECOM HK LTD A D R	515	508
COMPANHIA PARANAENSE ENER SP	1,366	1,546
COVIDIEN PLC COM	2,737	4,058
DELHAIZE GROUP SPONS A D R	7,002	7,418
ENDURNCE SPECIALITYT HOLDINGS	1,918	1,857
FLY LEASING LTD A D R	9,862	10,071
FRESENIUS MED CARE	3,173	3,182
GLAXO SMITHKLINE P L C ADR	6,956	6,845
GRUPO SIMEC A D R	220	251
INDUSTRIAS BACHOCO SAB DE CV	13,577	18,228
LG DISPLAY CO LTD A D R	5,408	6,923
LIBERTY GLOBAL PLC SERIES C	4,088	4,569
MIZUHO FNL GRP A D R	6,070	5,520
NABORS INDUSTRIES LTD	559	999
NATIONAL GRID PLC SP A D R	17,086	18,297
NICE SYS LTD SPONSORED A D R	3,940	4,203
NIPPON TELEGRAPH TELE A D R	13,420	15,792
NOVARTIS AG A D R	11,698	12,222
NTT DOCOMO INC A D R	12,985	13,757
ORIX CORP SPONS A D R	3,749	3,737
PARTNERRE LTD	1,925	2,293
PERRIGO CO LTD	10,097	9,474
PETRO CHINA COMPANY LTD A D R	2,273	2,385
REED ELSEVIER NV A D R	2,257	2,481
RITCHIE BROS AUCTIONEERS INC	6,005	7,099
SANOFI A D R	1,261	1,329
SEAGATE TECHNOLOGY	1,206	1,591
SHIRE PLC A D R	2,642	5,416
SIBANYE GOLD SPON A D R	1,717	2,184
SILICONWARE PRECISION IND CO	1,698	1,847
SMITH & NEPHEW P L C ADR	8,718	12,410
SUMITOMO MITSUI FINL GROUP ADR	7,882	6,674
TE CONNECTIVITY LTD	2,030	2,412
TOTAL SA SPON A D R	5,003	5,993
TRINITY BIOTECH PLC SPON A D R	3,780	4,053
VALIDUS HOLDINGS LTD	1,386	1,453
WACOAL HOLDINGS CORP A D R	2,989	3,054
WESTPAC BANKING COPR SP ADR	2,216	2,248
WILLIS GROUP HOLDINGS PLC	1,719	1,689
WNS HOLDINGS LTD ADR	3,762	3,491
BLACKROCK EMERGING MKTS L S EQ	74,541	69,669
ISHARES MSCI EMERGING MARKETS	130,754	133,537
LAUDUS INTERNATIONAL MARKETMAS	200,000	214,044
OAKMARK GLOBAL FUND CL I	120,000	127,094
OPPENHEIMER DEVELOPING MARKETS	165,000	178,193
ROBECO BOSTON PARTNERS L S RSR	150,000	164,459
VANGUARD TOTAL STOCK MKT IDX	600,000	693,591
AQR MANAGED FUTURES STR I	116,000	113,292

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADMINISTRATION	7,200	1,440	5,760
FILING FEES	82	0	82
ADR PAYING AGENT FEES	76	76	0

Category	Amount	Net Investment Income
FOREIGN TAXES	348	348
FEDERAL TAX PAYMENT - PRIOR YE	16,492	0
FEDERAL TAX	16,492	0
FOREIGN TAXES ON QUALIFIED FOR	1,894	1,894
FOREIGN TAXES ON NONQUALIFIED	397	397