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
PIASECKI FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)30 EAST SEVENTH ST STE 2000   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN551014930
A Employer identification number

41-6054303
B Telephone number (see instructions)

(651) 228-0935
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$2,026,772J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 55,838 57,013  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 59,155
b Gross sales price for all assets on line 6a 500,210
7 Capital gain net income (from Part IV, line 2)... 59,155
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 828 0  
12 Total. Add lines 1 through 11........ 115,821 116,168  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,276 2,055   8,221
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,850 1,174   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,151 3,229   8,246
25 Contributions, gifts, grants paid........ 64,000 62,000
26 Total expenses and disbursements. Add lines 24 and 25 76,151 3,229   70,246
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 39,670
b Net investment income (if negative, enter -0-) 112,939
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...............      
2 Savings and temporary cash investments.......... -1,513 41,876 41,876
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,167,334 Click to see attachment1,202,592 1,464,215
c Investments—corporate bonds (attach schedule)........ 546,609 Click to see attachment507,610 520,681
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,712,430 1,752,078 2,026,772
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,712,430 1,752,078
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,712,430 1,752,078
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,712,430 1,752,078
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 1,712,430
2 Enter amount from Part I, line 27a..................... 2 39,670
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1
4 Add lines 1, 2, and 3.......................... 4 1,752,101
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 23
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,752,078
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 CLEARWATER SMALL COMPANIES FUND   2006-06-30 2013-06-24
b DODGE & COX INTL STOCK FUND   2006-06-30 2013-12-16
c EII GLOBAL PROPERTY FUND   2010-12-09 2013-06-24
d EII GLOBAL PROPERTY FUND   2010-12-09 2013-12-16
e AMERICAN EUROPACIFIC GROWTH FUND CLASS F2   2006-06-30 2013-12-16
OAKMARK SELECT FD   2006-06-30 2013-06-24
OAKMARK SELECT FD   2006-06-30 2013-12-16
HUSSMAN STRATEGIC GROWTH   2010-12-31 2013-12-16
HUSSMAN STRATEGIC GROWTH   2010-02-24 2013-12-16
HUSSMAN STRATEGIC GROWTH   2011-12-30 2013-12-16
HUSSMAN STRATEGIC GROWTH   2012-12-31 2013-12-16
LOOMIS SAYLES BOND INSTL   2010-12-09 2013-12-16
LOOMIS SAYLES BOND INSTL   2012-01-23 2013-12-16
LOOMIS SAYLES BOND INSTL   2012-05-21 2013-12-16
LOOMIS SAYLES BOND INSTL   2012-12-17 2013-12-16
LOOMIS SAYLES BOND INSTL   2012-10-27 2013-12-16
LOOMIS SAYLES BOND INSTL   2013-12-15 2013-12-16
MORGAN STANLEY INST INTL EQUITY   2006-06-30 2013-12-16
PIMCO ALL ASSET INST CLASS   2006-06-30 2013-12-16
PIMCO ALL ASSET INST CLASS   2012-09-20 2013-12-16
PIMCO ALL ASSET INST CLASS   2012-12-27 2013-12-16
PIMCO ALL ASSET INST CLASS   2012-12-31 2013-12-16
PIMCO ALL ASSET INST CLASS   2013-03-21 2013-12-16
SELECTED AMERICAN SHARES CL D   2006-06-30 2013-06-24
SELECTED AMERICAN SHARES CL D   2006-06-30 2013-12-16
SELECTED AMERICAN SHARES CL D   2012-12-18 2013-06-24
SELECTED AMERICAN SHARES CL D   2012-12-18 2013-06-24
SELECTED AMERICAN SHARES CL D   2012-12-18 2013-06-24
SELECTED AMERICAN SHARES CL D   2013-07-01 2013-12-16
SELECTED AMERICAN SHARES CL D   2013-07-01 2013-12-16
SELECTED AMERICAN SHARES CL D   2013-07-01 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2011-10-11 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2012-11-19 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2012-12-19 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2012-12-19 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2012-12-19 2013-12-16
TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL   2012-10-21 2013-12-16
TEMPLETON INST FOREIGN SM COS   2010-12-09 2013-12-16
TEMPLETON INST FOREIGN SM COS   2012-12-27 2013-12-16
TEMPLETON INST FOREIGN SM COS   2013-09-10 2013-12-16
TEMPLETON INST FOREIGN SM COS   2013-09-10 2013-12-16
TEMPLETON INST FOREIGN SM COS   2013-09-10 2013-12-16
THIRD AVENUE REAL ESTATE   2010-12-09 2013-06-24
THIRD AVENUE REAL ESTATE   2010-12-09 2013-12-16
THIRD AVENUE REAL ESTATE   2012-12-18 2013-06-24
THIRD AVENUE REAL ESTATE   2012-12-18 2013-06-24
THIRD AVENUE REAL ESTATE   2012-12-18 2013-06-24
VANGUARD PRIMECAP CORE FD   2006-06-30 2013-06-24
VANGUARD PRIMECAP CORE FD   2006-06-30 2013-12-16
VANGUARD PRIMECAP CORE FD   2012-12-17 2013-06-24
VANGUARD PRIMECAP CORE FD   2012-12-17 2013-06-24
LONG TERM WASH SALES ADJ      
ROUNDING      
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 45,000   42,045 2,955
b 6,485   6,615 -130
c 3,485   3,934 -449
d 17,485   18,833 -1,348
e 8,985   8,274 711
11,000   10,735 265
11,500   9,479 2,021
83   102 -19
36,793   47,015 -10,222
184   227 -43
525   561 -36
25,507   23,856 1,651
541   513 28
63,151   60,243 2,908
2,930   2,929 1
869   869 0
987   987 0
2,485   3,387 -902
83,260   84,456 -1,196
980   1,009 -29
4,021   4,133 -112
880   899 -19
1,244   1,269 -25
2,082   1,875 207
3,495   2,925 570
1,716   1,555 161
144   131 13
5,043   4,570 473
249   224 25
5,634   5,080 554
606   547 59
40,257   37,725 2,532
21   22 -1
132   133 -1
210   212 -2
4,657   4,694 -37
708   719 -11
5,073   4,233 840
1,602   1,361 241
57   55 2
122   117 5
131   125 6
1,396   1,259 137
23,985   19,615 4,370
2,399   2,317 82
500   483 17
3,190   3,082 108
8,340   5,802 2,538
10,985   6,618 4,367
1,798   1,582 216
1,847   1,624 223
454     454
5     5
44,992     44,992
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       2,955
b       -130
c       -449
d       -1,348
e       711
      265
      2,021
      -19
      -10,222
      -43
      -36
      1,651
      28
      2,908
      1
      0
      0
      -902
      -1,196
      -29
      -112
      -19
      -25
      207
      570
      161
      13
      473
      25
      554
      59
      2,532
      -1
      -1
      -2
      -37
      -11
      840
      241
      2
      5
      6
      137
      4,370
      82
      17
      108
      2,538
      4,367
      216
      223
      454
      5
      44,992
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 59,155
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 96,366 1,790,400 0.053824
2011 84,392 1,788,317 0.047191
2010 75,591 1,611,428 0.046909
2009 79,544 1,363,265 0.058348
2008 81,932 1,573,362 0.052074
2 Total of line 1, column (d) ...................... 2 0.258346
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 0.051669
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,945,534
5 Multiply line 4 by line 3....................... 5 100,524
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,129
7 Add lines 5 and 6......................... 7 101,653
8 Enter qualifying distributions from Part XII, line 4.............. 8 70,246
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 2,259
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 2,259
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 2,259
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 950
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,510
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,460
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 1,201
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet1,201 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)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFIDUCIARY COUNSELLING INC Telephone no.bullet (651) 228-0935
    Located atbullet30 E 7TH STSTE 2000ST PAULMN ZIP+4bullet55101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........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). Click to see attachment
    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
    JOSEPH S MICALLEF ASST SECR/ASST TREAS
    1.00     		0 0 0
    332 MINNESOTA STREET STE 3090
    ST PAUL,MN55101
    LYNN P CUNNINGHAM TREASURER/DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    NICOLE W PIASECKI SECRETARY/DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    FREDERICK W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    FRANK W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    MICHAEL W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    JOHN W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    GREGORY W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    VIVIAN W PIASECKI PRESIDENT/DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    COURTLAND B CUNNINGHAM DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    PETER E HEYMANN DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    CATHERINE W PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    CLAUDIA VON BISMARCK DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    GRETCHEN SPRAFKE DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    TERESA FORT PIASECKI DIRECTOR
    1.00     		0 0 0
    30 EAST SEVENTH ST STE 2000
    ST PAUL,MN551014930
    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
    97,277
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    2,259
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,259
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    95,018
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    95,018
    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
    95,018
    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 95,018
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 64,363
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 70,246
    a Applied to 2012, but not more than line 2a 64,363
    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..... 5,883
    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 ..........     		89,135
    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....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    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).)
    VIVIAN W PIASECKI
    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:
    VIVIAN W PIASECKI PRESIDENT
    30 EAST 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    (651) 228-0935
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE MADE IN WRITING BUT NEED NOT BE SUBMITTED IN ANY PARTICULAR FORM.
    cAny submission deadlines:
    PROPOSALS ARE CONSIDERED THROUGHOUT THE YEAR. A DECISION LETTER WILL BE SENT AS PROMPTLY AS POSSIBLE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE DIRECTORS HAVE NOT ADOPTED ANY RESTRICTIONS OR LIMITATIONS WITH REGARD TO THE GRANT REQUESTS THAT WILL BE CONSIDERED.
    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
    BRYN MAWR FILM INSTITUTE INC
    824 WEST LANCASTER AVENUE 5
    BRYN MAWR,PA19010     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 1,000
    FAMILY SUPPORT SERVICES
    201 SOUTH 69TH ST
    UPPER DARBY,PA19082     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 1,000
    FRIENDS OF ST MALACHY - FOR SCHOOL
    1429 NORTH 11TH STREET
    PHILADELPHIA,PA19122     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT IN HONOR OF ALICE DAGIT 1,000
    FRIENDS OF ST MALACHY - FOR SCHOOL
    1429 NORTH 11TH STREET
    PHILADELPHIA,PA19122     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 3,500
    GLADWYNE MONTESSORI SCHOOL
    920 YOUNGSFORD ROAD
    GLADWYNE,PA19035     		  PUBLIC CHARITY CAPITAL CAMPAIGN 5,000
    HOPITAL ALBERT SCHWEITZER HAITI
    PO BOX 81046
    PITTSBURGH,PA15217     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 2,500
    MISS PORTER'S SCHOOL
    60 MAIN STREET
    FARMINGTON,CT06032     		  PUBLIC CHARITY 65TH REUNION FUND 2,000
    NATIONAL CONSTITUTION CENTER
    525 ARCH STREET INDEPENDENCE MALL
    PHILADELPHIA,PA19106     		  PUBLIC CHARITY LIBERTY MEDAL DINNER 1,500
    NATIONAL CONSTITUTION CENTER
    525 ARCH STREET INDEPENDENCE MALL
    PHILADELPHIA,PA19106     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 2,500
    PENNSYLVANIA BALLET
    1819 JFK BOULEVARD SUITE 210
    PHILADELPHIA,PA19103     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 2,000
    PHILADELPHIA ORCHESTRA ASSOCIATION
    260 SOUTH BROAD ST SUITE 1600
    PHILADELPHIA,PA19102     		  PUBLIC CHARITY ANNUAL FUND 2,500
    SAVE THE CHILDREN
    54 WILTON ROAD
    WESTPORT,CT06880     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 2,500
    ST JOHN NEUMANN CHURCH
    380 HIGHLAND LANE
    BRYN MAWR,PA19010     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 5,000
    TRUSTEES UNIVERSITY OF PENNSYLVANIA
    3535 MARKET STREET SUITE 750
    PHILADELPHIA,PA191043309     		  PUBLIC CHARITY FOR THE BENEFIT OF THE INSTITUTE ON AGING 5,000
    UNIVERSITY OF PENNSYLVANIA SCHOOL OF NURSING
    CLAIRE M FAGIN HALL 418 CURIE BLVD
    ROOM 445
    PHILADELPHIA,PA191044217     		  PUBLIC CHARITY BUILDING PROJECT 15,000
    VASSAR COLLEGE
    124 RAYMOND AVENUE
    POUGHKEEPSIE,NY12601     		  PUBLIC CHARITY VASSAR 150: WORLD CHANGING CAMPAIGN 5,000
    WEYERHAEUSER FAMILY FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101     		  PRIVATE FOUNDATION GENERAL OPERATING SUPPORT 2,000
    WHYY PUBLIC TELEVISION
    150 NORTH SIXTH STREET
    PHILADELPHIA,PA19106     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 5,000
    Total .................................bullet 3a 64,000
    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 ............     		         
    4 Dividends and interest from securities....     14 55,838  
    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 59,155  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aEXCISE TAX REFUND     01 828  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 115,821 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13115,821
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    *ACCOUNTING & TAX SERVICE 10,276 2,055   8,221
    **AUDIT FEES 0 0   0
    *20% ALLOCATED TO INVESTMENT INCOME & 80% ALLOCATED TO CHARITABLE PURPOSES 0 0   0

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

    TY 2013 ExpenditureResponsibilityStmt
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WEYERHAEUSER FAMILY FOUNDATION
          		30 EAST 7TH STREET SUITE 2000
    ST PAUL,MN551014930     		2013-12-05 2,000 FOR GENERAL SUPPORT OF THE WEYERHAEUSER FAMILY FOUNDATION, PROVIDED NEITHER THE GRANT NOR THE INCOME THEREFROM IS USED FOR ANY PURPOSES OTHER THAN THOSE DESCRIBED IN IRC SECTION 170(C) (2) (B). THE WEYERHAEUSER FAMILY FOUNDATION IS A PRIVATE, GRANTMAKING FOUNDATION THAT DOES NOT CONDUCT ANY PROGRAMS OF ITS OWN. SINCE THIS GRANT WAS MADE FOR GENERAL SUPPORT THE EXPENDITURE RESPONSIBILITY AGREEMENT DID NOT PROVIDE THAT THE PRINCIPAL AND INCOME, IF ANY, FROM THE GRANT FUNDS WOULD HAVE TO BE EXPENDED FOR ANY PARTICULAR PURPOSE OR WITHIN ANY SPECIFIC PERIOD OF TIME. 2,000 THE GRANTEE HAS NOT DIVERTED ANY PORTION FROM THE PURPOSE OF THE GRANT. ANNUAL REPORT WILL BE MADE AVAILABLE AFTER MAY 15, 2014 2013-12-31 TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT. TO THE KNOWLEDGE OF THE GRANTOR, NEIRTHR PRINCIPAL NOR THE INCOME FROM THE GRANT FUNDS HAS BEEN USED FOR ANY PURPOSE WHICH WOULD RESULT IN TAX UNDER IRC SECTION 4945(D). NO VERIFICATIONS HAVE BEEN UNDERTAKEN.

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND FD 133,232 129,052
    LOOMIS SAYLES BOND INSTL 120,971 130,114
    PIMCO EMERGING MARKETS BOND FD 132,417 130,799
    TEMPLETON GLOBAL TOTAL RETURN FD ADVISOR CL 120,990 130,716

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Name of Stock End of Year Book Value End of Year Fair Market Value
    OAKMARK SELECT FD 78,560 103,887
    SELECTED AMERICAN SHARES CL D 82,347 103,184
    VANGUARD PRIMECAP CORE FD 63,637 102,336
    CLEARWATER SMALL CAP FD 208,764 263,764
    AMERICAN EUROPACIFIC GR CL F2 87,617 109,619
    DODGE & COX INTL STOCK FD 38,778 54,358
    MORGAN STANLEY INST INTL EQ 59,792 54,528
    TEMPLETON INST FOR SM COS 75,980 108,926
    EV PARAMETRIC TM EMERGING MKTS 100,596 130,574
    TOUCHSTONE EMERGING MARKETS 131,319 129,358
    HUSSMAN STRATEGIC GROWTH 0 0
    PIMCO ALL ASSET INST CLASS 65,318 66,784
    EII GLOBAL PROPERTY FUND 31,585 49,727
    THIRD AVENUE REAL ESTATE 41,181 50,334
    THIRD AVENUE FOCUSED CREDIT INSTL 68,369 68,077
    WILLIAM BLAIR MACRO ALLOCATION FD 68,749 68,759

    TY 2013 OtherDecreasesSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Description Amount
    BOOK TO TAX DIFFERENCE - WASH SALES 23


    TY 2013 OtherExpensesSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    *STATE FILING FEE 25 0   25
    *100% ALLOCATED TO DISBURSMENTS FOR CHARITABLE PURPOSES 0 0   0


    TY 2013 OtherIncomeSchedule2
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EXCISE TAX REFUND 828   828


    TY 2013 OtherIncreasesSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Description Amount
    ROUNDING 1


    TY 2013 TaxesSchedule
    Name:
    PIASECKI FAMILY FOUNDATION
    EIN: 41-6054303
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 0 1,174   0
    2012 FEDERAL EXTENSION 900 0   0
    2013 FEDERAL EXCISE 950 0   0