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
MAIHAUGEN FOUNDATION INC AGENCY 1045001263
 

Number and street (or P.O. box number if mail is not delivered to street address)230 FRONT STREET NORTH   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LA CROSSE, WI54601
A Employer identification number

39-1857836
B Telephone number (see instructions)

(608) 782-1148
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$3,369,248J 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...... 75,128 75,128  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 169,897
b Gross sales price for all assets on line 6a 1,369,011
7 Capital gain net income (from Part IV, line 2)... 169,897
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)....... Click to see attachment 4,627 4,627  
12 Total. Add lines 1 through 11........ 249,652 249,652  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 19,543 19,543    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 900 0 0 900
c Other professional fees (attach schedule).... Click to see attachment 9,037 9,037   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 930 930   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)....... Click to see attachment 99     99
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,509 29,510 0 999
25 Contributions, gifts, grants paid........ 148,500 148,500
26 Total expenses and disbursements. Add lines 24 and 25 179,009 29,510 0 149,499
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 70,643
b Net investment income (if negative, enter -0-) 220,142
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
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,414 -44 -44
2 Savings and temporary cash investments.......... 74,980 16,278 16,278
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,704,004 Click to see attachment2,835,038 Click to see attachment3,353,014
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,781,398 2,851,272 3,369,248
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,781,398 2,851,272
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,781,398 2,851,272
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,781,398 2,851,272
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 2,781,398
2 Enter amount from Part I, line 27a..................... 2 70,643
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,852,041
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 769
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,851,272
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 73. JDA SOFTWARE GROUP INC   2012-11-27 2013-01-11
b .8 REXAM PLC   2012-09-24 2013-02-01
c 64. AT&T INC   2010-12-16 2013-02-15
d 44. AGILENT TECHNOLOGIES INC   2012-09-24 2013-02-15
e 95. ARM HOLDINGS PLC SPONSORED ADR   2012-04-03 2013-02-15
80. AUTOLIV INC   2011-04-27 2013-02-15
78. BERRY PETROLEUM CO CLASS A   2010-11-23 2013-02-15
94. BIOMED REALTY TRUST   2010-12-16 2013-02-15
65. BRADY CORP   2010-11-23 2013-02-15
1. BRADY CORP   2012-09-24 2013-02-15
78. CAMERON INTERNATIONAL CORP   2012-11-27 2013-02-15
38. CHICAGO BRIDGE & IRON CO NV   2010-11-23 2013-02-15
102. COACH INC   2011-10-10 2013-02-15
36. COACH INC   2012-09-24 2013-02-15
29. CONCUR TECHNOLOGIES INC   2010-11-23 2013-02-15
29. DEERE & CO   2010-12-16 2013-02-15
51. DOVER CORP   2010-12-16 2013-02-15
275. ENERSIS SA   2011-02-15 2013-02-15
46. EXPRESS SCRIPTS HLDG CO   2012-04-03 2013-02-15
72. FORRESTER RESEARCH INC   2012-11-27 2013-02-15
115. LUMINEX CORP   2012-11-27 2013-02-15
30. MEAD JOHNSON NUTRITION CO   2012-11-27 2013-02-15
84. MEAD JOHNSON NUTRITION CO   2011-10-10 2013-02-15
39. PINNACLE WEST CAPITAL CORP   2012-09-24 2013-02-15
212. POLYONE CORP   2010-11-23 2013-02-15
31. PORTFOLIO RECOVERY ASSOCIATES   2010-11-23 2013-02-15
4. PRICELINE COM INC   2012-09-24 2013-02-15
46. QUEST DIAGNOSTICS INC   2010-12-16 2013-02-15
109. SANDY SPRING BANCORP INC   2012-11-27 2013-02-15
59. 3D SYSTEMS CORP   2012-09-24 2013-02-15
87. VALEO SA   2010-12-16 2013-02-15
65. VERINT SYSTEMS INC   2010-11-23 2013-02-15
151. WERNER ENTERPRISES INC   2010-11-23 2013-02-15
156. BANCO LATINOAMERICANO DE COMERCIO EXTERI   2012-04-03 2013-02-15
5262.296 DELAWARE EMERGING MARKETS I   2011-06-21 2013-03-27
114. AGILENT TECHNOLOGIES INC   2012-09-24 2013-04-04
18. ALLERGAN INC   2013-02-15 2013-04-04
15. ALLIANCE DATA SYSTEMS CORP   2012-11-27 2013-04-04
37. APACHE CORP   2010-11-23 2013-04-04
14. APPLE INC   2010-11-23 2013-04-04
140. ARM HOLDINGS PLC SPONSORED ADR   2012-04-03 2013-04-04
23. BAYER AG SPONSORED ADR   2011-06-21 2013-04-04
298. BOOZ ALLEN HAMILTON HOLDING CORP   2013-02-15 2013-04-04
81. BROADCOM CORP   2012-04-03 2013-04-04
143. CAPITAL ONE FINANCIAL CORP   2011-05-24 2013-04-04
116. CHICOS FAS INC   2012-04-03 2013-04-04
201. D R HORTON INC   2012-11-27 2013-04-04
50. DISNEY (WALT) CO   2012-09-24 2013-04-04
88. DISCOVER FINANCIAL SERVICES   2012-04-03 2013-04-04
42. DISCOVERY COMMUNICATIONS CL A   2012-04-03 2013-04-04
44. EASTMAN CHEMICAL CO WI   2012-09-24 2013-04-04
92. EBAY INC   2012-04-03 2013-04-04
41. EXXON MOBIL CORP   2010-11-23 2013-04-04
174. GENERAL ELECTRIC CO   2011-05-24 2013-04-04
54. GILEAD SCIENCES INC   2012-11-27 2013-04-04
62. GILEAD SCIENCES INC   2012-04-03 2013-04-04
39. GOLDMAN SACHS GROUP INC   2012-04-03 2013-04-04
4. GOOGLE INC   2011-02-03 2013-04-04
256. GROUP CGI INC CLASS A   2010-12-16 2013-04-04
115. HALLIBURTON CO   2012-04-03 2013-04-04
46. HONEYWELL INTERNATIONAL INC   2012-04-03 2013-04-04
53. HUMANA INC   2010-11-23 2013-04-04
127. J P MORGAN CHASE & CO   2010-11-23 2013-04-04
147. KROGER CO   2012-11-27 2013-04-04
110. LAS VEGAS SANDS CORP   2013-02-15 2013-04-04
51. MACYS INC   2013-02-15 2013-04-04
50. MACYS INC   2012-04-03 2013-04-04
133. MARATHON OIL CORP   2011-10-10 2013-04-04
23. MCKESSON HBOC INC   2012-11-27 2013-04-04
93. METLIFE INC   2012-04-03 2013-04-04
118. MICROSOFT CORP   2011-02-15 2013-04-04
72. MONDELEZ INTERNATIONAL INC   2010-12-16 2013-04-04
31. NORTHROP GRUMMAN CORP   2012-11-27 2013-04-04
27. PPG INDUSTRIES INC   2012-09-24 2013-04-04
89. PAREXEL INTERNATIONAL CORP   2010-11-23 2013-04-04
28. PARKER HANNIFIN CORP   2011-05-24 2013-04-04
103. PFIZER INC   2010-12-16 2013-04-04
82. PFIZER INC   2012-11-27 2013-04-04
3. PRICELINE COM INC   2012-09-24 2013-04-04
79. SCHOLASTIC CORP   2012-09-24 2013-04-04
55. SCRIPPS NETWORKS INTERACTIVE INC CLASS A   2012-09-24 2013-04-04
148. SUNTRUST BANKS INC   2012-09-24 2013-04-04
89. TRW AUTOMOTIVE HOLDING CORP   2013-02-15 2013-04-04
116. U S BANCORP DEL   2012-04-03 2013-04-04
20. UNION PACIFIC CORP   2011-08-01 2013-04-04
64. UNITED PARCEL SERVICE   2012-04-03 2013-04-04
60. UNITED TECHNOLOGIES CORP   2010-12-16 2013-04-04
28. VISA INC   2012-09-24 2013-04-04
149. WELLS FARGO & CO   2012-04-03 2013-04-04
37. ACCENTURE PLC   2011-05-24 2013-04-04
30. SIGNET JEWELERS LTD   2010-11-23 2013-04-04
58. TRANSOCEAN LTD   2012-09-24 2013-04-04
38. STRATASYS LTD   2010-11-23 2013-04-04
83. BANCO LATINOAMERICANO DE COMERCIO EXTERI   2012-04-03 2013-04-04
4538.968 VANGUARD CONVERTIBLE SEC   2007-09-27 2013-04-19
277. ALLIANZ SE ADR   2013-02-15 2013-05-01
104. BB&T CORP   2012-04-03 2013-05-01
68. BANK OF NOVA SCOTIA   2012-04-03 2013-05-01
56. BAYER AG SPONSORED ADR   2011-10-10 2013-05-01
95. BEACON ROOFING SUPPLY INC   2011-04-27 2013-05-01
82. BEAM INC   2011-10-10 2013-05-01
34. CHEVRONTEXACO CORP   2010-12-16 2013-05-01
41. CONOCOPHILLIPS   2010-11-23 2013-05-01
67. CONSTANT CONTACT INC   2012-04-03 2013-05-01
58. DOLLAR TREE INC   2012-04-03 2013-05-01
184. EMC CORP   2011-10-10 2013-05-01
86. FIRST AMERICAN FINANCIAL CORP   2011-04-27 2013-05-01
111. FREEPORT MCMORAN COPPER & GOLD CL B   2011-06-21 2013-05-01
49. HANOVER INSURANCE GROUP INC   2012-04-03 2013-05-01
47. HESS CORP   2011-10-10 2013-05-01
83. INTEL CORP   2010-12-16 2013-05-01
1200. ISHARES RUSSELL MID CAP ETF   2011-05-24 2013-05-01
69. J P MORGAN CHASE & CO   2010-11-23 2013-05-01
51. KOPPERS HOLDINGS INC   2013-02-15 2013-05-01
138. LKQ CORP   2010-11-23 2013-05-01
142. MAXWELL TECHNOLOGIES INC   2012-04-03 2013-05-01
172. MICROSOFT CORP   2011-04-27 2013-05-01
112. MILLER HERMAN INC   2010-12-16 2013-05-01
7. MITSUI & CO LTD SPONSORED ADR   2012-09-24 2013-05-01
13. MITSUI & CO LTD SPONSORED ADR   2011-04-27 2013-05-01
35. NATIONAL-OILWELL INC   2011-02-03 2013-05-01
239. NATIONAL PENN BANCSHARES INC   2011-08-01 2013-05-01
51. PAREXEL INTERNATIONAL CORP   2010-11-23 2013-05-01
19. PRAXAIR INC   2010-12-16 2013-05-01
98. PUBLIC SERVICE ENTERPRISE GROUP INC   2011-10-10 2013-05-01
118. REXAM PLC   2012-09-24 2013-05-01
76. RIO TINTO PLC SPONSORED ADR   2010-12-16 2013-05-01
41. RIO TINTO PLC SPONSORED ADR   2012-09-24 2013-05-01
162. ROLLINS INC   2011-02-03 2013-05-01
59. THOR INDUSTRIES INC   2012-04-03 2013-05-01
26. VF CORP   2012-04-03 2013-05-01
617. VANGUARD LARGE CAP ETF   2011-10-10 2013-05-01
39. WAL MART STORES INC   2010-12-16 2013-05-01
78. ICON PLC   2013-04-04 2013-05-01
456. FLEXTRONICS INTERNATIONAL LTD   2011-02-15 2013-05-01
177. ALTERRA CAPITAL HOLDINGS LTD   2012-04-03 2013-05-02
77. ACTAVIS INC   2010-12-16 2013-06-03
91. AMERICA MOVIL SA DE CV   2013-02-15 2013-06-03
170. AMERICA MOVIL SA DE CV   2011-02-15 2013-06-03
101. BB&T CORP   2012-04-03 2013-06-03
121. BED BATH & BEYOND INC   2012-11-27 2013-06-03
66. BRADY CORP   2012-09-24 2013-06-03
21. CUMMINS INC   2013-05-01 2013-06-03
53. EMCOR GROUP INC   2013-02-15 2013-06-03
5. GOLDMAN SACHS GROUP INC   2011-10-10 2013-06-03
8. GOLDMAN SACHS GROUP INC   2013-02-15 2013-06-03
66. LILLY (ELI) & CO   2013-04-04 2013-06-03
7. MARKEL HOLDING   2013-05-02 2013-06-03
109. NATIONAL-OILWELL INC   2011-06-21 2013-06-03
6. RYMAN HOSPITALITY PPTYS INC   2012-12-21 2013-06-03
28. UNITED PARCEL SERVICE   2012-11-27 2013-06-03
66. UNITED PARCEL SERVICE   2010-12-16 2013-06-03
59. VALEO SA   2010-12-16 2013-06-03
1. VALEO SA   2013-05-01 2013-06-03
.2 CHINA PETROLEUM & CHEMICAL CORP ADR   2010-12-16 2013-07-23
.586 COMPANHIA ENERGETICA DE MINAS GERAIS   2011-08-01 2013-07-29
1219.98 FEDERATED MORTGAGE INSTITUTIONAL   2011-01-27 2013-08-05
2775.286 PIMCO TOTAL RETURN INSTL   2012-03-06 2013-08-05
.586 AGL RESOURCES INC   2011-12-12 2013-08-21
.58 RYMAN HOSPITALITY PPTYS INC   2012-12-21 2013-08-21
.96 CASS INFORMATION SYSTEMS INC   2010-12-16 2013-08-22
86. AMERICAN ELECTRIC POWER CO INC   2013-06-03 2013-09-10
26. AMERICAN TOWER CORP   2013-06-03 2013-09-10
89. AMERICAN TOWER CORP   2011-10-10 2013-09-10
78. BRISTOL-MYERS SQUIBB CO   2013-04-04 2013-09-10
275. COLONY FINANCIAL INC   2013-06-03 2013-09-10
177.182 COMPANHIA ENERGETICA DE MINAS GERAIS   2012-09-24 2013-09-10
316.818 COMPANHIA ENERGETICA DE MINAS GERAIS   2011-08-01 2013-09-10
214. COMPANHIA PARANAENSE DE ENERGIA ADR   2011-02-03 2013-09-10
124. COMPANHIA PARANAENSE DE ENERGIA ADR   2012-09-24 2013-09-10
229. COMSTOCK RESOURCES INC   2012-11-27 2013-09-10
252. EMC CORP   2011-10-10 2013-09-10
137. EMC CORP   2012-09-24 2013-09-10
125. EDWARDS LIFESCIENCES CORP   2013-06-03 2013-09-10
74. FARO TECHNOLOGIES INC   2010-11-23 2013-09-10
153. FASTENAL CO   2013-06-03 2013-09-10
3719.912 FEDERATED ULTRASHORT BOND I   2013-05-07 2013-09-10
84. FIRST AMERICAN FINANCIAL CORP   2013-06-03 2013-09-10
75. FIRST AMERICAN FINANCIAL CORP   2011-04-27 2013-09-10
328. GLOBAL CASH ACCESS HOLDINGS INC   2012-04-03 2013-09-10
29. ICU MEDICAL INC   2011-10-10 2013-09-10
36. INTERNATIONAL BUSINESS MACHINES CORP   2010-11-23 2013-09-10
5. INTUITIVE SURGICAL INC   2013-05-01 2013-09-10
13. INTUITIVE SURGICAL INC   2010-11-23 2013-09-10
82. LKQ CORP   2013-06-03 2013-09-10
58. LKQ CORP   2010-11-23 2013-09-10
81. MICROSOFT CORP   2013-06-03 2013-09-10
59. MICROSOFT CORP   2011-04-27 2013-09-10
117. POLYONE CORP   2010-11-23 2013-09-10
73. ROPER INDUSTRIES INC   2012-04-03 2013-09-10
49. SAN DISK CORP   2012-04-03 2013-09-10
24. SCHLUMBERGER LTD   2010-11-23 2013-09-10
318. SILICON MOTION TECHNOLOGY CORP   2013-06-03 2013-09-10
323. SPREADTRUM COMMUNICATIONS INC ADR   2013-02-15 2013-09-10
46. SUN COMMUNITIES INC   2012-04-03 2013-09-10
62. THOR INDUSTRIES INC   2012-04-03 2013-09-10
21. THOR INDUSTRIES INC   2013-06-03 2013-09-10
39. ULTIMATE SOFTWARE GROUP INC   2010-11-23 2013-09-10
50. UNITED NATURAL FOODS INC   2010-11-23 2013-09-10
14. VF CORP   2012-04-03 2013-09-10
12. VF CORP   2013-06-03 2013-09-10
250. WINDSTREAM HOLDINGS INC   2013-06-03 2013-09-10
2. ACCENTURE PLC   2012-11-27 2013-09-10
78. ACCENTURE PLC   2011-05-24 2013-09-10
23. ASML HOLDING NV   2012-11-28 2013-09-10
.44 ACTAVIS PLC   2013-06-03 2013-10-23
.638 MARKEL HOLDING   2013-05-02 2013-10-30
285. BOISE INC   2013-09-10 2013-11-06
133. GREENWAY MEDICAL TECHNOLOGIES INC   2013-04-04 2013-11-20
19. BANK OF NOVA SCOTIA   2012-04-03 2013-11-26
71. BANK OF NOVA SCOTIA   2013-06-03 2013-11-26
47. BEAM INC   2013-06-03 2013-11-26
31. BEAM INC   2011-10-10 2013-11-26
281. BELO CORP CLASS A   2013-06-03 2013-11-26
87. BIO-REFERENCE LABORATORIES INC   2011-02-15 2013-11-26
70. BRISTOL-MYERS SQUIBB CO   2012-09-24 2013-11-26
47. CBS CORP NEW   2012-09-24 2013-11-26
69. CHICAGO BRIDGE & IRON CO NV   2012-09-24 2013-11-26
38. CHICAGO BRIDGE & IRON CO NV   2013-05-01 2013-11-26
216. COCA COLA CO   2010-12-16 2013-11-26
70. DOMTAR CORP   2012-09-24 2013-11-26
31. DOMTAR CORP   2013-09-10 2013-11-26
7423.581 FEDERATED ULTRASHORT BOND I   2013-05-07 2013-11-26
35. GAMCO INVESTORS INC   2011-10-10 2013-11-26
54. HANOVER INSURANCE GROUP INC   2012-09-24 2013-11-26
267. HEARTLAND EXPRESS INC   2012-04-03 2013-11-26
69. HITACHI LTD SPONSORED ADR   2011-05-24 2013-11-26
60. KOPPERS HOLDINGS INC   2012-09-24 2013-11-26
49. KOPPERS HOLDINGS INC   2013-06-03 2013-11-26
150. LKQ CORP   2012-09-24 2013-11-26
89. MOBILE MINI INC   2012-04-03 2013-11-26
82. MOSAIC CO NEW   2012-09-24 2013-11-26
53. PEGASYSTEMS INC   2011-08-01 2013-11-26
17. PERRIGO CO   2013-09-10 2013-11-26
309. QLOGIC CORP   2012-09-24 2013-11-26
56. TJX COMPANIES INC   2010-12-16 2013-11-26
22. COPA HOLDINGS SA CLASS A   2012-09-24 2013-11-26
1629.393 INVESCO CONVERTIBLE SECURITIES Y   2012-09-27 2013-12-05
405.624 DREIHAUS ACTIVE INCOME FUND   2011-02-23 2013-12-05
1084.936 FEDERATED MORTGAGE INSTITUTIONAL   2011-01-27 2013-12-05
5513.591 IVY HIGH INCOME I   2012-03-02 2013-12-05
283.943 LOOMIS SAYLES GLOBAL BOND I   2007-05-16 2013-12-05
882.866 PIMCO FOREIGN BOND INSTITUTIONAL   2010-09-07 2013-12-05
135.231 PIMCO REAL RETURN I   2011-01-27 2013-12-05
CAPITAL GAIN 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 3,285   3,265 20
b 30   32 -2
c 2,249   1,874 375
d 1,864   1,707 157
e 4,137   2,751 1,386
5,429   6,368 -939
3,085   2,902 183
1,989   1,620 369
2,336   2,000 336
36   30 6
5,020   4,299 721
2,048   1,052 996
4,916   6,075 -1,159
1,735   2,018 -283
2,020   1,475 545
2,603   2,385 218
3,693   2,940 753
5,292   6,193 -901
2,521   2,630 -109
1,923   2,019 -96
2,042   2,003 39
2,363   2,021 342
6,617   6,015 602
2,115   2,090 25
4,889   2,502 2,387
3,603   1,988 1,615
2,798   2,839 -41
2,626   2,483 143
2,105   1,999 106
3,505   2,093 1,412
2,377   2,493 -116
2,228   2,107 121
3,561   3,160 401
3,787   3,298 489
77,514   68,920 8,594
4,685   4,423 262
2,049   1,941 108
2,374   2,100 274
2,765   3,915 -1,150
6,003   4,309 1,694
5,639   4,054 1,585
2,436   1,911 525
3,835   3,511 324
2,703   3,101 -398
7,864   7,761 103
2,039   1,789 250
4,561   4,195 366
2,872   2,645 227
3,800   2,687 1,113
3,247   2,148 1,099
2,963   2,484 479
5,114   3,383 1,731
3,677   2,822 855
4,004   3,341 663
2,588   2,033 555
2,972   1,485 1,487
5,578   4,359 1,219
3,177   2,436 741
6,653   4,247 2,406
4,408   3,982 426
3,385   2,688 697
4,218   3,027 1,191
6,022   4,802 1,220
4,730   3,676 1,054
5,879   5,280 599
2,219   1,990 229
2,176   2,053 123
4,329   3,170 1,159
2,481   2,144 337
3,461   3,483 -22
3,352   3,263 89
2,178   1,487 691
2,200   2,045 155
3,616   3,157 459
3,511   1,743 1,768
2,501   2,424 77
2,996   1,775 1,221
2,385   2,005 380
2,098   1,893 205
2,048   2,669 -621
3,562   3,400 162
4,034   4,299 -265
4,751   4,804 -53
3,911   3,280 631
2,753   2,016 737
5,346   5,026 320
5,592   4,738 854
4,647   3,746 901
5,537   5,069 468
2,832   2,086 746
1,976   1,194 782
2,877   2,748 129
2,683   1,281 1,402
2,023   1,755 268
60,005   66,102 -6,097
4,063   3,668 395
3,173   3,274 -101
3,900   3,807 93
5,838   3,257 2,581
3,611   2,094 1,517
5,288   3,818 1,470
4,107   2,840 1,267
2,466   1,887 579
936   2,001 -1,065
2,787   2,773 14
4,139   4,236 -97
2,277   1,381 896
3,344   5,467 -2,123
2,401   1,985 416
3,325   3,182 143
1,988   1,774 214
153,645   122,906 30,739
3,320   2,609 711
2,127   2,095 32
3,326   1,479 1,847
804   2,510 -1,706
5,638   4,648 990
2,690   2,373 317
1,891   2,083 -192
3,513   4,473 -960
2,280   2,652 -372
2,242   1,932 310
2,216   999 1,217
2,161   1,769 392
3,612   3,172 440
4,664   4,214 450
3,423   5,082 -1,659
1,847   1,979 -132
3,920   3,122 798
2,172   1,915 257
4,580   3,889 691
44,894   33,497 11,397
3,048   2,122 926
2,543   2,336 207
3,117   3,505 -388
5,757   3,987 1,770
9,468   3,879 5,589
1,786   2,048 -262
3,337   4,781 -1,444
3,306   3,180 126
8,219   7,420 799
2,109   1,998 111
2,460   2,184 276
2,113   2,034 79
809   476 333
1,294   1,239 55
3,496   3,760 -264
3,646   3,654 -8
7,653   7,966 -313
231   222 9
2,413   2,034 379
5,687   4,691 996
1,995   1,690 305
34   29 5
15   14 1
5   8 -3
11,700   12,141 -441
29,945   30,891 -946
26   23 3
19   21 -2
54   31 23
3,677   4,077 -400
1,932   2,020 -88
6,613   4,950 1,663
3,303   3,192 111
5,448   5,936 -488
1,472   2,019 -547
2,633   4,386 -1,753
2,885   5,286 -2,401
1,672   2,010 -338
3,424   4,033 -609
6,781   5,600 1,181
3,687   3,804 -117
9,011   9,824 -813
2,958   2,014 944
7,676   8,050 -374
34,000   34,372 -372
1,857   1,990 -133
1,658   1,204 454
2,585   2,671 -86
2,003   1,114 889
6,718   5,144 1,574
1,895   2,467 -572
4,926   3,281 1,645
2,548   1,993 555
1,802   621 1,181
2,615   2,861 -246
1,905   1,555 350
3,325   1,381 1,944
9,456   7,222 2,234
2,956   2,468 488
2,077   1,795 282
3,803   3,995 -192
9,761   5,029 4,732
2,053   1,979 74
3,219   2,013 1,206
1,090   880 210
5,675   1,668 4,007
2,980   1,829 1,151
2,678   2,094 584
2,296   2,217 79
2,092   2,035 57
150   135 15
5,834   3,671 2,163
2,075   1,240 835
27   53 -26
339   333 6
3,577   2,602 975
2,707   2,025 682
1,174   1,064 110
4,387   4,097 290
3,162   3,042 120
2,086   1,418 668
3,836   3,153 683
3,269   1,983 1,286
3,662   2,375 1,287
2,738   1,747 991
5,264   2,513 2,751
2,899   1,995 904
8,744   6,965 1,779
6,072   5,316 756
2,689   2,061 628
68,000   68,594 -594
2,911   1,463 1,448
3,273   2,023 1,250
4,795   4,133 662
4,946   3,827 1,119
2,800   2,166 634
2,287   1,965 322
4,923   2,858 2,065
3,596   1,885 1,711
3,853   4,895 -1,042
2,663   2,091 572
2,652   2,099 553
3,714   4,506 -792
3,543   1,226 2,317
3,376   1,838 1,538
39,757   33,761 5,996
4,377   4,596 -219
10,350   10,708 -358
48,299   45,818 2,481
4,682   4,455 227
9,385   9,579 -194
1,501   1,529 -28
      7,938
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       20
b       -2
c       375
d       157
e       1,386
      -939
      183
      369
      336
      6
      721
      996
      -1,159
      -283
      545
      218
      753
      -901
      -109
      -96
      39
      342
      602
      25
      2,387
      1,615
      -41
      143
      106
      1,412
      -116
      121
      401
      489
      8,594
      262
      108
      274
      -1,150
      1,694
      1,585
      525
      324
      -398
      103
      250
      366
      227
      1,113
      1,099
      479
      1,731
      855
      663
      555
      1,487
      1,219
      741
      2,406
      426
      697
      1,191
      1,220
      1,054
      599
      229
      123
      1,159
      337
      -22
      89
      691
      155
      459
      1,768
      77
      1,221
      380
      205
      -621
      162
      -265
      -53
      631
      737
      320
      854
      901
      468
      746
      782
      129
      1,402
      268
      -6,097
      395
      -101
      93
      2,581
      1,517
      1,470
      1,267
      579
      -1,065
      14
      -97
      896
      -2,123
      416
      143
      214
      30,739
      711
      32
      1,847
      -1,706
      990
      317
      -192
      -960
      -372
      310
      1,217
      392
      440
      450
      -1,659
      -132
      798
      257
      691
      11,397
      926
      207
      -388
      1,770
      5,589
      -262
      -1,444
      126
      799
      111
      276
      79
      333
      55
      -264
      -8
      -313
      9
      379
      996
      305
      5
      1
      -3
      -441
      -946
      3
      -2
      23
      -400
      -88
      1,663
      111
      -488
      -547
      -1,753
      -2,401
      -338
      -609
      1,181
      -117
      -813
      944
      -374
      -372
      -133
      454
      -86
      889
      1,574
      -572
      1,645
      555
      1,181
      -246
      350
      1,944
      2,234
      488
      282
      -192
      4,732
      74
      1,206
      210
      4,007
      1,151
      584
      79
      57
      15
      2,163
      835
      -26
      6
      975
      682
      110
      290
      120
      668
      683
      1,286
      1,287
      991
      2,751
      904
      1,779
      756
      628
      -594
      1,448
      1,250
      662
      1,119
      634
      322
      2,065
      1,711
      -1,042
      572
      553
      -792
      2,317
      1,538
      5,996
      -219
      -358
      2,481
      227
      -194
      -28
       
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 2 169,897
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 127,951 2,944,429 0.043455
2011 110,800 2,757,580 0.04018
2010 98,775 2,263,114 0.043646
2009 120,165 2,028,528 0.059238
2008 120,841 2,329,948 0.051864
2 Total of line 1, column (d) ...................... 2 0.238383
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 0.047677
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 3,199,598
5 Multiply line 4 by line 3....................... 5 152,547
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,201
7 Add lines 5 and 6......................... 7 154,748
8 Enter qualifying distributions from Part XII, line 4.............. 8 149,499
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 4,403
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 4,403
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 4,403
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 2,084
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 2,084
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9 2,319
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    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 addressbullet  
    14
    The books are in care ofbulletTrust Point Inc Telephone no.bullet (608) 782-1148
    Located atbullet230 FRONT STREET NORTHLA CROSSEWI ZIP+4bullet54601
    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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Carolyn Burton Director
    1     		500    
    8221 North Links Way
    Fox Point,WI53217
    Paul Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Frances Burton Director
    1     		0    
    9962 South Dane Street
    Ephraim,WI54211
    Michael Burton Director
    1     		1,000    
    8221 North Links Way
    Fox Point,WI53217
    Trust Point Inc Investment
    1     		18,043    
    230 Front Street North
    La Crosse,WI54601
    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
     
    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 NONE  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    159,980
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    4,403
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,403
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    155,577
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    155,577
    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
    155,577
    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 7 155,577
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 143,101
    b Total for prior years:2011, 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: bullet$ 149,499
    a Applied to 2012, but not more than line 2a 143,101
    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..... 6,398
    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 ..........     		149,179
    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)
    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).)
    FRANCES BURTON
    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.
    NONE
    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:
    Carolyn Burton
    8221 North Links Way
    Fox Point,WI53217
    (414) 247-1255
    bThe form in which applications should be submitted and information and materials they should include:
    Proposal letter not exceeding two pages. Write to above address for brochure outlining grant process.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Primarily organizations in Door County and Milwaukee, WI focusing on historic preservation, cultural activities and environmental issues.
    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
    Alma Center
    2821 NORTH FOURTH STREET
    Milwaukee,WI53212     		NONE PUBLIC FATHERHOOD WISDOM WALK 7,500
    Arts Large
    908 SOUTH FIFTH STREET
    Milwaukee,WI53204     		NONE PUBLIC ACCESSIBLE ARTS EDUCATION 5,000
    Betty Brinn Children's Museum
    929 EAST WISCONSIN AVENUE
    Milwaukee,WI53202     		NONE PUBLIC NEIGHBORHOOD NIGHT 8,000
    Civic Music
    2625 SOUTH GREELEY STREET SUITE 3A
    Milwaukee,WI53207     		NONE PUBLIC EXPANSION OF PRIVATE LESSON 5,000
    Community Clinic of Door County
    PO BOX 3
    Sturgeon Bay,WI54235     		NONE PUBLIC MENTAL HEALTH SERVICES 10,000
    Conservatory of Music for Every
    Stage
    1584 NORTH PROSPECT AVENUE
    Milwaukee,WI53202     		NONE PUBLIC EARLY CHILDHOOD MUSIC 5,000
    Door County String Academy
    PO BOX 245
    Sturgeon Bay,WI54235     		NONE PUBLIC SCHOLARSHIPS 10,000
    Discovery World
    500 NORTH HARBOR DRIVE
    Milwaukee,WI53202     		NONE PUBLIC EDUCATIONAL MISSION AND 7,000
    Crossroads at Big Creek
    PO BOX 608
    Sturgeon Bay,WI54235     		NONE PUBLIC RESEARCH STORAGE AND 3,000
    Ephraim Historical Foundation
    PO BOX 165
    Ephraim,WI54211     		NONE PUBLIC STIPENDS FOR GUEST SPEAKERS 1,000
    Milwaukee Ballet
    504 WEST NATIONAL AVENUE
    Milwaukee,WI53204     		NONE PUBLIC SCHOLARSHIP AND FINANCIAL 1,000
    Wisconsin Philharmonic
    234 WEST MAIN STREET SUITE 9
    Waukesha,WI53187     		NONE PUBLIC PRODUCTION OF STORMY 1,000
    Door County Medical Center
    Foundation
    PO BOX 230
    Sturgeon Bay,WI54235     		NONE PUBLIC EXPAND DENTAL CLINIC 5,000
    First Stage
    325 WEST WALNUT STREET
    Milwaukee,WI53212     		NONE PUBLIC COMMUNITY PARTNERSHIP 5,000
    Frank Lloyd Wright Wisconsin
    PO BOX 6339
    Madison,WI53716     		NONE PUBLIC INTERIOR RESTORATION OF 5,000
    Friendship Circle
    8825 NORTH LAKE DRIVE
    Milwaukee,WI53217     		NONE PUBLIC TREEHOUSE IN OUTDOOR PLAY 15,000
    Gathering Waters Conservancy
    211 SOUTH PATERSON STREET SUITE 270
    Madison,WI53703     		NONE PUBLIC GENERAL OPERATIONS 5,000
    Milwaukee Repertory Theater
    108 EAST WELLS STREET
    Milwaukee,WI53202     		NONE PUBLIC ARTISTIC INTERN PROGRAM 5,000
    Old World Wisconsin
    123 EAST MAIN STREET
    Eagle,WI53119     		NONE PUBLIC HEIRLOOM GARDEN PROGRAM 5,000
    Open Door Bird Sanctuary
    4114 COUNTY ROAD 1
    Sturgeon Bay,WI54235     		NONE PUBLIC INSTALLATION OF A WELL 7,500
    Peninsula Music Festival
    PO BOX 340
    Ephraim,WI54211     		NONE PUBLIC SUBSIDIZING TICKETS FOR 5,000
    Progressive Community Health
    Centers
    3522 WEST LISBON AVENUE
    Milwaukee,WI53208     		NONE PUBLIC UNINSURED CARE COORDINATION 7,500
    Rosalie Manor
    2819 WEST HIGHLAND BOULEVARD
    Milwaukee,WI53208     		NONE PUBLIC PARENTING PARTNERSHIP 5,000
    Schlitz Audubon Nature Center
    1111 EAST BROWN DEER ROAD
    Milwaukee,WI53217     		NONE PUBLIC NATURAL SCIENCE LIFELONG 5,000
    Sharon Lynne Wilson Center for the
    Arts
    19805 WEST CAPITOL DRIVE
    Brookfield,WI53045     		NONE PUBLIC BEYOND THE CLASSROOM AND 5,000
    Skylight Music Theatre
    158 NORTH BROADWAY
    Milwaukee,WI53202     		NONE PUBLIC ENLIGHTEN PROGRAM 5,000
    Total .................................bullet 3a 148,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 75,128  
    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 .............     		    18 169,897  
    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)..   249,652  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13249,652
    (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:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 900     900

    TY 2013 OtherAssetsSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DREIHAUS ACTIVE INCOME FUND 61,233 66,638 64,456
    FEDERATED MORTGAGE INSTL 149,407 132,744 128,599
    FEDERATED ULTRASHORT BOND INST   72,034 71,332
    CALAMOS CONVERTIBLE FUND   0 0
    GOLDMAN SACHS HIGH YIELD FUND   0 0
    LOOMIS SAYLES GLOBAL BOND FUND 63,327 61,800 63,326
    PIMCO TOTAL RETURN INSTL 299,323 288,792 286,851
    PIMCO FOREIGN BOND INSTL 112,792 107,252 106,294
    PIMCO REAL RETURN FUND 92,779 96,076 95,641
    VANGUARD CONVERTIBLE SEC 66,102 0 0
    AGL RESOURCES INC 23 0 0
    AT&T INC 11,818 17,636 18,775
    ABAXIS INC 2,254 2,254 3,441
    ABERCROMBIE & FITCH CO CLASS A   0 0
    ALLERGAN INC 6,073 8,234 9,775
    ALLSCRIPTS HEALTHCARE SOLUTION   0 0
    ALLSTATE CORP 3,625 3,625 6,654
    ALTRIA GROUP INC 3,373 8,788 10,519
    AMERICA MOVIL S.A.B. DE C.V. 4,781 0 0
    AMERICAN EXPRESS CO 6,377 13,824 20,868
    AMERICAN TOWER CORP CLASS A 4,950 0 0
    AMERISOURCEBERGEN CORP 6,708 14,468 23,484
    AMGEN INC   0 0
    ANGIODYNAMICS INC   0 0
    ANIXTER INTERNATIONAL INC 2,814 4,856 7,097
    ANNALY CAPITAL MANAGEMENT INC   0 0
    APACHE CORP 10,891 9,048 7,906
    APPLE INC 9,523 16,710 20,197
    ASHLAND INC   0 0
    ASTRAZENECA GROUP PLC SPONS 4,332 15,407 18,345
    ATHENAHEALTH INC 2,078 4,125 8,339
    ATMOS ENERGY CORP   0 0
    AUTOLIV INC 6,368 0 0
    BAE SYSTEMS PLC ADR 5,686 5,686 8,213
    BASF SE SPONSORED ADR   0 0
    BMC SOFTWARE   0 0
    BAIDU COM INC ADR   0 0
    BANK NEW YORK MELLON CORP 6,420 6,420 7,617
    BAXTER INTERNATIONAL INC 6,406 8,472 10,711
    BAYER AG SPONSORED ADR 5,168 0 0
    BEACON ROOFING SUPPLY INC 6,076 3,982 8,137
    BEAM INC 5,235 0 0
    BECTON DICKINSON & CO   0 0
    BEMIS CO INC   0 0
    BERRY PETROLEUM CO CLASS A 2,902 0 0
    BEST BUY CO INC   0 0
    BIO RAD LABS INC CLASS A   0 0
    BIO-REFERENCE LABORATORIES INC 4,013 2,030 2,452
    BIOMED REALTY TRUST 4,333 2,686 2,627
    BLACKROCK INC   0 0
    BRADY CORP 4,029 0 0
    CBL & ASSOCIATES PROPERTIES   0 0
    CF INDUSTRIES HOLDINGS INC   0 0
    CME GROUP INC   0 0
    CMS ENERGY CORP   0 0
    CNOOC LTD SPONSORED ADR 5,859 5,859 5,067
    CVS/CAREMARK CORP   0 0
    CABOT MICROELECTRONICS CORP 4,144 4,144 4,433
    CANADIAN NATL RAILWAY CO 8,399 10,428 16,878
    CAPELLA EDUCATION CO   0 0
    CAPITAL ONE FINANCIAL CORP 7,761 0 0
    CARDINAL HEALTH INC   0 0
    CARPENTER TECHNOLOGY CORP   0 0
    CASS INFORMATION SYSTEMS INC 2,945 2,914 6,129
    CELGENE CORP   9,709 10,814
    CEPHEID INC 3,564 3,564 8,308
    CERNER CORP   0 0
    CHEESECAKE FACTORY INC 4,026 4,026 6,179
    CHEMED CORP 5,672 5,672 7,202
    CHEVRON CORP 12,552 11,792 16,988
    CHICAGO BRIDGE & IRON CO NV 3,566 0 0
    CHICOS FAS INC 2,883 5,069 5,878
    CHINA MOBILE LTD ADR 3,964 5,995 6,379
    CHINA PETROLEUM & CHEMICAL COR 4,058 6,117 6,820
    CISCO SYSTEMS INC   6,777 6,550
    COACH INC 8,093 0 0
    COCA COLA CO 8,683 1,718 2,231
    COLGATE-PALMOLIVE CO 6,485 6,485 10,434
    COLONIAL PROPERTIES TRUST 2,141 0 0
    COMMUNITY TRUST BANCORP INC   0 0
    COMPANHIA ENERGETICA DE MINAS 6,413 0 0
    COMPANHIA PARANAENSE DE ENERGI 7,296 0 0
    COMPANHIA DE BEDIDAS DAS AMERI   0 0
    CONAGRA FOODS INC   0 0
    CONCUR TECHNOLOGIES INC 3,986 2,511 4,643
    CONOCOPHILLIPS 4,832 14,811 18,228
    COSTAR GROUP INC 2,620 2,620 8,860
    COUSINS PROPERTIES INC 3,168 3,168 4,254
    COVANCE INC   0 0
    DBS GROUP HOLDINGS LTD ADR   0 0
    DEALERTRACK HOLDINGS INC 2,551 2,551 5,914
    DEERE & CO 8,126 7,770 8,768
    DELAWARE EMERGING MARKETS 68,920 0 0
    DEVON ENERGY CORP   0 0
    DIGI INTERNATIONAL INC 2,981 2,981 3,660
    DISCOVER FINANCIAL SERVICES 2,687 0 0
    DOMTAR CORP 5,316 0 0
    DOVER CORP 9,057 10,177 14,578
    DU PONT E I DE NEMOURS & CO   0 0
    EMC CORP 16,436 6,805 6,992
    EBAY INC 15,239 13,823 18,490
    EBIX INC 2,662 2,662 2,089
    ECHO GLOBAL LOGISTICS INC 2,002 2,002 2,878
    ELECTRO SCIENTIFIC INDUSTRIES 4,171 4,171 3,787
    EMERSON ELECTRIC CO   0 0
    ENERSIS SA 6,193 0 0
    ENERNOC INC   0 0
    DELHAIZE GROUP SPONSORED ADR   0 0
    EXPEDIA INC NEW 14 14 35
    EXXON MOBIL CORP 9,392 8,586 11,334
    FARO TECHNOLOGIES INC 2,014 0 0
    FASTENAL CO   0 0
    FINANCIAL ENGINES INC 1,958 1,958 5,906
    FIRST AMERICAN FINANCIAL CORP 2,585 0 0
    FIRSTENERGY CORP   0 0
    FOMENTO ECONOMICO MEXICANO   0 0
    FORRESTER RESEARCH INC 2,019 0 0
    FORTUNE BRANDS HOME & SECURITY   0 0
    FORWARD AIR CORP 2,613 2,613 4,215
    FOSTER LB CO   4,002 4,351
    FREEPORT MOCMORAN COPPER & GOL 13,767 10,341 10,077
    GAMCO INVESTORS INC 4,179 2,715 5,044
    GT ADVANCED TECHNOLOGIES INC   0 0
    GAYLORD ENTERTAINMENT CO   0 0
    GAZPROM OAO ADR 6,950 8,923 6,824
    GENERAL ELECTRIC CO 15,119 11,779 19,481
    GENESCO INC   0 0
    GENTEX CORP 4,329 4,329 6,728
    GOLDMAN SACHS GROUP INC 8,927 6,890 9,040
    GOODRICH CO   0 0
    GOODRICH PETROLEUM CORP   0 0
    GOOGLE INC CLASS A 8,570 6,135 11,207
    GRAND CANYON EDUCATION INC 4,401 4,401 10,420
    GROUP CGI INC CLASS A 4,247 0 0
    HALLIBURTON CO 8,014 6,034 8,272
    HEARTLAND EXPRESS INC 4,133 0 0
    HERSHA HOSPITALITY TRUST 3,970 3,891 3,899
    HESS CORP 9,970 8,793 12,699
    HITACHI LTD SPONSORED ADR 3,827 2,017 2,726
    HONEYWELL INTERNATIONAL INC 9,516 6,829 11,330
    HUMANA INC 3,027 0 0
    ICU MEDICAL INC 2,382 3,340 4,141
    IPC THE HOSPITALIST CO INC 2,632 2,632 4,811
    INNERWORKINGS INC 1,609 1,609 2,002
    INTEL CORP 5,569 8,833 10,071
    INT'L BUSINESS MACHINES CORP 5,144 0 0
    INTUITIVE SURGICAL INC 3,281 0 0
    ISHARES RUSSELL MID CAP ETF 188,569 167,991 210,272
    JPMORGAN CHASE & CO 13,984 12,447 16,082
    JOHNSON & JOHNSON CO 7,463 13,528 16,486
    JUNIPER NETWORKS INC   0 0
    KLA-TENCOR CORP   0 0
    KINGFISHER PLC ADR 4,824 4,824 7,289
    KOHLS CORP 5,457 5,457 5,675
    KOMATSU LTD SPONSORED ADR   0 0
    KRAFT FOODS INC 4,203 8,139 10,135
    LKQ CORP 4,958 0 0
    LVMH MOET HENNESSY L.V.   0 0
    LABORATORY CORP OF AMERICA 4,493 6,592 6,579
    LATTICE SEMICONDUCTOR CORP   0 0
    LINCOLN NATIONAL CORP   0 0
    MARATHON OIL CORP 3,170 0 0
    MATTEL INC   0 0
    MAXIMUS INC 2,808 4,871 10,470
    MC DONALDS CORP   6,900 6,695
    MEAD JOHNSON NUTRITION CO 8,036 0 0
    MEDNAX INC 4,390 4,390 7,793
    MERCK & CO INC NEW 3,205 9,082 11,311
    MICROSOFT CORP 16,790 7,325 10,063
    MILLER HERMAN INC 4,404 2,031 3,100
    MITSUI & CO LTD SPONSORED ADR 6,556 0 0
    MUELLER INDUSTRIES INC 1,461 1,461 2,772
    NACCO INDUSTRIES INC   0 0
    NATIONAL INSTRUMENTS CORP 5,386 5,386 7,589
    NATIONAL-OILWELL INC 10,619 0 0
    NATIONAL PENN BANCSHARES INC 2,013 4,120 4,509
    NEOGEN CORP 3,287 3,287 6,170
    NESTLE S A ADR   0 0
    NEWMONT MINING CORP   0 0
    NEXTERA ENERGY INC 5,699 5,699 9,333
    NIPPON TELEGRAPH & TELEPHONE 6,171 6,171 7,409
    NISSAN MOTOR CO LTD SPONSORED   0 0
    OCCIDENTAL PETROLEUM CORP 4,498 10,412 11,412
    OLD NATIONAL BANCORP 2,676 4,695 6,148
    ORACLE CORP 5,742 5,742 7,231
    PAN AMERICAN SILVER CORP   0 0
    PAPA JOHN'S INT'L INC 1,056 1,056 1,816
    PAREXEL INTERNATIONAL CORP 2,741 0 0
    PARKER HANNIFIN CORP 2,424 0 0
    PARTNER COMMUNICATIONS CO LTD   0 0
    PEGASYSTEMS INC 4,261 2,170 2,705
    PFIZER INC 3,780 0 0
    PHILLIP MORRIS INTL INC 3,831 9,263 10,891
    PHOTRONICS INC   0 0
    PIEDMONT NATURAL GAS CO   0 0
    PINNACLE WEST CAPITAL CORP 4,145 2,055 2,170
    POLARIS INDUSTRIES INC   0 0
    POLYONE CORP 3,882 0 0
    POOL CORP   0 0
    PORTFOLIO RECOVERY ASSOCIATES 4,617 4,722 9,194
    POST PROPERTIES INC   0 0
    POWER INTEGRATIONS INC 2,979 2,979 4,242
    PRAXAIR INC 5,959 8,444 10,532
    T ROWE PRICE GROUP INC   0 0
    PROCTER & GAMBLE CO 5,185 7,618 9,199
    PROVIDENT FINANCIAL SERVICES 4,039 4,039 5,294
    PUBLIC SERVICE ENTERPRISE GRP 8,256 7,346 7,401
    QUALCOMM INC 4,772 6,793 9,578
    QUALITY SYSTEMS INC   0 0
    QUEST DIAGNOSTICS INC 2,483 0 0
    RAYTHEON CO   0 0
    REDWOD TRUST INC   0 0
    RELIANCE STEEL & ALUMINUM CO 2,327 2,327 3,185
    REYNOLDS AMERICAN INC   8,679 9,548
    RIO TINTO PLC SPONSORED ADR 7,061 0 0
    RITCHIE BROS AUCTIONEERS INC 3,925 5,954 6,650
    ROLLINS INC 5,950 4,865 7,436
    ROYAL DUTCH SHELL PLC SPONSOR 4,103 6,171 6,628
    ST JUDE MEDICAL INC   0 0
    SAN DISK CORP 6,258 3,790 5,361
    SCHLUMBERGER LTD 7,005 7,256 9,191
    SEMTECH CORP 4,974 4,974 5,435
    SHIRE PLC   0 0
    SIEMENS AG SPONSORED ADR   0 0
    SIMON PROPERTY GROUP   0 0
    SMUCKER JM CO   0 0
    SNAP-ON INC   0 0
    SOHU.COM INC   0 0
    STARBUCKS CORP   0 0
    STATOIL ASA SPONSORED ADR 4,373 6,398 6,974
    STRATASYS INC 2,764 1,483 5,927
    SWIFT ENERGY CO   0 0
    SYKES ENTERPRISES INC 3,362 5,377 5,758
    SYMANTEC CORP   0 0
    TJX COMPANIES INC 4,424 3,197 9,305
    TECHNE CORP 3,759 3,759 5,396
    TELEFONICA BRASIL SA SP ADR 4,566 8,557 7,701
    TELENOR ASA   0 0
    TERADATA CORP DEL   0 0
    TIM PARTICIPACOES   0 0
    TIME WARNER CABLE INC 4,982 4,982 10,976
    TRIPADVISOR INC 14 14 41
    US BANCORP DEL 7,054 5,817 8,363
    ULTIMATE SOFTWARE GROUP INC 4,320 2,652 9,500
    UNIFIRST CORP   0 0
    UNION PACIFIC CORP 2,016 0 0
    UNITED FINANCIAL BANCORP INC   0 0
    UNITED NATURAL FOODS INC 5,158 5,414 9,122
    UNITED PARCEL SERVICE 11,751 0 0
    UNITED TECHNOLOGIES CORP 18,322 13,583 20,143
    VALE SA-SP   0 0
    VALEO SA 6,168 3,967 8,257
    VANGUARD LARGE CAP ETF 35,017 1,520 2,374
    VERIZON COMMUNICATIONS INC 1,877 8,238 8,894
    VERINT SYSTEMS INC 4,141 2,035 3,135
    VOLKSWAGEN AG SPONSORED ADR 4,709 4,709 8,682
    WAL MART STORES INC 10,137 10,093 13,141
    WALGREEN CO   0 0
    WALTER INVESTMENT MGMT CORP   0 0
    WATSON PHARMACEUTICALS 3,879 0 0
    WEBSTER FINANCIAL CORP 2,039 2,039 3,804
    WEIS MARKETS INC 3,695 3,695 4,783
    WELLS FARGO & CO 14,117 11,042 17,116
    WERNER ENTERPRISES INC 3,160 0 0
    WESBANCO INC 2,429 2,429 3,968
    WISCONSIN ENERGY CORP   0 0
    YANZHOU COAL MINING LTD   0 0
    ALTERRA CAPITAL HOLDINGS INC 3,987 0 0
    ACCENTURE PLC 7,782 1,890 2,302
    HERBALIFE LTD 4,535 4,535 9,208
    MAIDEN HOLDINGS LTD 4,010 4,010 4,744
    SIGNET JEWELERS LIMITED 4,337 3,143 6,217
    WARNER CHILCOTT PLC   0 0
    ALLIED WORLD ASSURANCE HOLDING 4,260 4,260 8,010
    TRANSOCEAN LTD 2,748 0 0
    CHECK POINT SOFTWARE 4,826 4,826 6,708
    AERCAP HOLDINGS NV 5,558 5,558 15,263
    ASML HOLDING NV 3,558 2,318 4,029
    STEINER LEISURE LTD 1,978 1,978 2,460
    FLEXTRONICS INTERNATIONAL LTD 5,493 6,058 6,643
    FEDERATED TAX-FREE OBLIGATIONS   0 0
    ACXIOM CORP 2,803 4,844 8,394
    AGILENT TECHNOLOGIES INC 11,649 5,518 8,350
    INVESCO CONVERTIBLE SECURITIES 114,461 140,478 160,049
    AGRIUM INC 5,183 7,188 6,678
    ALLIANCE DATA SYSTEMS CORP 2,100 0 0
    ALLIANZ SE ADR 4,373 4,721 6,125
    AMERICAN INTERNATIONAL GROUP 3,124 6,611 9,546
    ARM HOLDINGS PLC SPONOSRED ADR 6,805 0 0
    ASSOCIATED BANC CORP 3,642 3,642 4,715
    BB&T CORP 8,440 1,986 2,612
    BT GROUP PLC ADR 5,047 5,047 8,775
    BANK OF MONTREAL 5,270 5,270 5,933
    BANK OF NOVA SCOTIA 4,871 0 0
    BED BATH & BEYOND INC 7,420 0 0
    BOOZ ALLEN HAMILTON HOLDING 1,975 0 0
    BORG WARNER AUTOMOTIVE INC 6,333 6,333 8,275
    BRISTOL MYERS SQUIBB CO 3,698 1,323 2,073
    BROADCOM CORP 3,101 0 0
    CBS CORP NEW 4,908 5,188 8,031
    CLECO CORP 2,016 4,037 4,522
    CAMERON INTERNATIONAL CORP 4,299 0 0
    CATO CORP 1,989 4,032 4,834
    CITRIX SYSTEMS INC 5,748 9,768 9,930
    COMCAST CORP CLASS A 6,795 8,852 12,160
    COMSTOCK RESOURCES INC 4,033 0 0
    CONSTANT CONTACT INC 2,001 0 0
    CUMMINS INC 6,601 6,398 8,881
    CYTEC INDUSTRIES INC 2,002 3,951 5,683
    D R HORTON INC 4,195 0 0
    DIAGEO PLC SPONSORED ADR 4,702 4,702 6,356
    DISNEY WALT CO 2,645 8,660 10,161
    DISCOVERY COMMUNICATIONS CL A 2,148 0 0
    DOLLAR TREE INC 8,793 8,090 9,817
    EASTMAN CHEMICAL CO 2,484 0 0
    EMCOR GROUP INC 2,449 2,449 3,480
    EXPRESS SCRIPTS HLDG CO 8,570 7,972 9,693
    FRESH MARKET INC 2,003 2,003 1,661
    GILEAD SCIENCES INC 3,518 0 0
    GLOBAL CASH ACCESS HLDGS INC 2,671 0 0
    HSBC HOLDINGS PLC SPONSORED 4,759 6,812 7,553
    HANOVER INSURANCE GROUP INC 4,008 0 0
    ICON PLC SPONSORED ADR 2,355 4,044 5,739
    IVY HIGH INCOME 147,829 102,011 106,151
    JDA SOFTWARE GROUP INC 3,265 0 0
    KOPPERS HOLDINGS INC 2,238 0 0
    KROGER CO 3,676 0 0
    LAS VEGAS SANDS CORP 3,268 0 0
    LAUDER ESTEE COS INC CLASS A 6,092 8,132 9,867
    LUMINEX CORP 2,003 0 0
    MACYS INC 2,053 0 0
    MAXWELL TECHNOLOGIES INC 2,510 0 0
    MCKESSON HBOC INC 2,144 0 0
    METLIFE INC 3,483 0 0
    MOBILE MINI INC 4,009 2,124 5,106
    MONDELEZ INTERNATIONAL INC 4,055 8,696 11,684
    MONSANTO CO 6,844 8,872 11,072
    MOSAIC CO NEW 4,895 0 0
    NETEASE.COM INC 4,891 4,891 7,467
    NETSCOUT SYSTEMS INC 2,423 2,423 2,811
    NORTHROP GRUMMAN CORP 2,045 0 0
    OIL CO LUKOIL SPONSORED ADR 4,470 6,533 6,393
    PDC ENERGY INC 2,114 4,089 5,854
    PPG INDUSTRIES INC 3,157 0 0
    PORTLAND GENERAL ELECTRIC CO 2,009 4,038 4,590
    PRECISION CASTPARTS CORP 7,086 7,086 11,849
    PRICELINE COM INC 4,732 0 0
    PRUDENTIAL CORP PLC ADR 4,751 4,751 8,955
    QLOGIC CORP 4,506 0 0
    REX ENERGY CORP 1,991 3,974 5,617
    REXAM PLC 4,706 0 0
    ROPER INDUSTRIES INC 7,222 0 0
    RYMAN HOSPITALITY PPTYS INC 244 0 0
    SPS COMMERCE INC 2,404 2,404 6,138
    SANDY SPRING BANCORP INC 3,964 1,965 3,045
    SCHOLASTIC CORP 2,669 0 0
    SCIQUEST INC 2,038 2,038 3,275
    SCRIPPS NETWORKS INTERACTIVE 3,400 0 0
    SUN COMMUNITIES INC 4,002 3,990 4,307
    SUNTRUST BANKS INC 4,299 0 0
    TRW AUTOMOTIVE HOLDING CORP 2,734 0 0
    TAIWAN SEMICONDUCTOR MFG SPON 4,523 6,542 7,342
    THOR INDUSTRIES INC 3,928 3,116 4,363
    3D SYSTEMS CORP 2,093 0 0
    TRAVELERS COS INC 5,975 5,975 9,145
    UNITED OVERSEAS BANK ADR 4,919 4,919 5,148
    VF CORP 8,031 2,048 3,242
    VECTREN CORP 3,110 3,110 3,799
    VISA INC 3,746 8,081 10,021
    WUXI PHARMATECH CAYMAN ADR 4,797 4,797 11,360
    ENERGY XXI BERMUDA LTD 4,748 6,904 5,899
    VALIDUS HOLDINGS LTD 4,938 6,962 8,098
    NXP SEMICONDUCTORS NV 2,045 2,045 3,858
    BANCO LATINOAMERICANO DE EXP 5,053 0 0
    COPA HOLDINGS SA CLASS A 4,844 3,007 5,764
    AVAGO TECHNOLOGIES LTD 2,038 4,044 6,134
    ABBVIE INC   7,220 8,978
    ADOBE SYSTEMS INC   7,552 11,257
    ADVISORY BOARD CO   4,440 5,094
    AMERICAN EQUITY INV LIFE HLDG   4,934 8,389
    ANALOG DEVICES INC   7,372 7,741
    ANHEUSER-BUSCH INBEV SA/NV SP   6,110 6,707
    BCE INC   3,564 3,333
    BP PLC SPONSORED ADR   8,794 10,159
    BRIDGESTONE CORP ADR   5,569 5,794
    CHIPOTLE MEXICAN GRILL   7,497 9,590
    DOMINION RESOURCES INC NEW   5,779 6,081
    DUKE ENERGY CORP   9,156 8,971
    EOG RESOURCES INC   9,229 9,399
    EATON VANCE FLOATING RATE   43,050 43,097
    FMC CORP   8,380 9,055
    FACEBOOK INC   7,075 8,744
    FIVE BELOW INC   2,044 1,642
    GLAXOSMITHKLINE PLC   7,528 8,542
    GLIMCHER REALTY TRUST   2,968 2,490
    GRAN TIERRA ENERGY INC   5,544 5,570
    GRAY TELEVISION INC   4,162 8,095
    HCP INC   3,001 2,143
    HANGER INC   4,743 5,508
    HEALTH CARE REIT   4,672 3,589
    HOME DEPOT INC   9,744 10,128
    HYSTER-YALE MATERIALS HANDLING   2,110 3,074
    ILLINOIS TOOL WORKS INC   6,268 6,642
    INTERCONTINENTAL EXCHANGE   7,808 9,672
    JGC CORP ADR   4,228 4,474
    K12 INC   2,982 2,632
    KAISER ALUMINUM CORP   2,545 2,880
    KIMBERLY CLARK CORP   6,395 6,581
    KULICKE & SOFFA INDUSTRIES INC   2,008 2,314
    LENOVO COMPUTER GROUP   6,044 6,154
    LILLY ELI & CO   2,165 1,938
    LORILLARD INC   5,008 5,980
    MID-AMERICA APARTMENT COMM   2,120 2,777
    NATIONAL GRID PLC SPONSORED   10,233 11,300
    NOBLE ENERGY INC   8,413 8,582
    OLD DOMINION FREIGHT LINE   5,386 7,211
    OPPENHEIMER DEVELOPING MARKETS   87,303 93,571
    PPL CORP   4,687 4,514
    PT BANK MANDIRI PERSERO ADR   2,031 1,200
    PTC INC   2,042 2,583
    PEPSICO INC   2,065 2,156
    PIONER ENERGY SERVICES CORP   2,630 3,108
    PIPER JAFFRAY COS   3,960 4,153
    POWELL INDUSTRIES INC   2,047 2,077
    PRECISION DRILLING CORP   2,435 2,633
    PROTO LABS INC   1,944 2,634
    RADIAN GROUP INC   4,454 4,448
    REALTY INCOME CORP   3,173 2,986
    ROCHE HOLDING LTD SPON ADR   5,105 5,114
    ROLLS-ROYCE PLC ADR   4,148 4,857
    ROYAL DUTCH SHELL PLC B   9,095 10,290
    SK TELECOM CO LTD SPONSORED   4,252 5,983
    SAFRAN S.A. ADR   9,246 11,449
    SBERBANK RUSSIA SP ADR   4,662 4,507
    SCHWAB CHARLES CORP   7,080 11,102
    SENIOR HOUSING PROPERTIES TR   2,028 1,667
    SOUTHERN CO   8,145 7,359
    SPIRIT AIRLINES INC   2,009 1,998
    SUNCOR ENERGY INC NEW   4,782 5,503
    SWATCH GROUP AG ADR   4,786 5,502
    TATA MOTORS LTD   6,561 7,269
    TOTAL FINA SA SPONSORED ADR   8,851 11,090
    UNILEVER PLC ADR NEW   2,023 1,978
    UNITEDHEALTH GROUP INC   8,714 8,810
    VODAFONE GROUP PLC NEW   8,179 11,361
    WM MORRISON SUPERMARKETS   7,092 6,722
    ACTAVIS PLC   5,394 7,560
    CREDICORP LTD   6,014 6,238
    PERRIGO CO LTD   7,576 10,282


    TY 2013 OtherDecreasesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Amount
    ACCRUED INCOME/LOSS ADJUSTMENT 769


    TY 2013 OtherExpensesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 10 0   10
    OTHER NON-ALLOCABLE EXPENSE - 89 0   89


    TY 2013 OtherIncomeSchedule2
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 4,627 4,627  


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-NOT SUBJE 9,037 9,037    


    TY 2013 TaxesSchedule
    Name:
    MAIHAUGEN FOUNDATION INC AGENCY 1045001263
    EIN: 39-1857836
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 829 829   0
    FOREIGN TAXES ON QUALIFIED FOR 101 101   0