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
RIVERWAY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)8400 NORMANDALE LAKE BLVD NO 920   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55437
A Employer identification number

41-6406915
B Telephone number (see instructions)

(952) 921-3994
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$4,132,970J 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 72 72  
4 Dividends and interest from securities...... 76,845 77,624  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 167,769
b Gross sales price for all assets on line 6a 3,293,930
7 Capital gain net income (from Part IV, line 2)... 171,714
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 4,284 4,299 0
12 Total. Add lines 1 through 11........ 248,970 253,709 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 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 5,310 2,655 0 2,655
c Other professional fees (attach schedule).... Click to see attachment 23,435 23,435 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 4,089 2 0 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 9,403 10,329 0 25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,237 36,421 0 2,680
25 Contributions, gifts, grants paid........ 175,000 175,000
26 Total expenses and disbursements. Add lines 24 and 25 217,237 36,421 0 177,680
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 31,733
b Net investment income (if negative, enter -0-) 217,288
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............... 24,754 29,578 29,578
2 Savings and temporary cash investments.......... 123,465 50,992 50,995
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)........ 2,052,374 Click to see attachment2,436,435 3,089,942
c Investments—corporate bonds (attach schedule)........ 520,967 Click to see attachment632,026 546,012
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 719,361 Click to see attachment334,280 336,443
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment90,000 Click to see attachment80,000 Click to see attachment80,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,530,921 3,563,311 4,132,970
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,530,921 3,563,311
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,530,921 3,563,311
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,530,921 3,563,311
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,530,921
2 Enter amount from Part I, line 27a..................... 2 31,733
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,780
4 Add lines 1, 2, and 3.......................... 4 3,566,434
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,123
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,563,311
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 PUBLICLY TRADED SECURITIES      
b CASH IN LIEU OF FRACTIONAL SHARE      
c POWERSHARES DB COMMODITY K1-SHORT P    
d POWERSHARES DB COMMODITY K1-LONG TERM P    
e POWERSHARES DB COMMODITY K1-SEC 1256 LOSS P    
KKR LP - SCH K-1 ST GAIN P    
KKR LP - SCH K-1 LT GAIN P    
KKR LP - SCH K-1 SEC 1256 LOSS P    
OCH-ZIFF - SCH K-1 LT GAIN P    
OCH-ZIFF - SCH K-1 ST GAIN P    
OCH-ZIFF SCH K-1 SEC 1256 LOSS P    
POWERSHARES DB COMMODITY K1- BASIS ADJ ON SALE P    
SUNOCO LP SCH K-1 - BASIS ADJUSTMENT ON SALE P    
ENTERPRISE PTNRS SCH K-1 - BASIS ADJ ON SALE P    
CARLYLE GROUP SCH K-1 - NET LT P    
CARLYLE GROUP SCH K-1 - BASIS ADJUSTMENT ON SALE P    
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 3,292,936   3,126,161 166,775
b 488     488
c       -84
d       -1,300
e       -6,093
      19
      495
      -5
      533
      1,173
      -417
      8,268
      178
      975
      126
      77
506     506
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       166,775
b       488
c       -84
d       -1,300
e       -6,093
      19
      495
      -5
      533
      1,173
      -417
      8,268
      178
      975
      126
      77
      506
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 2 171,714
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 179,274 3,570,509 0.050210
2011 182,947 3,626,331 0.050450
2010 131,000 3,150,960 0.041575
2009 197,219 2,520,107 0.078258
2008 147,639 4,033,435 0.036604
2 Total of line 1, column (d) ...................... 2 0.257097
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 0.051419
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 4,080,937
5 Multiply line 4 by line 3....................... 5 209,838
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,173
7 Add lines 5 and 6......................... 7 212,011
8 Enter qualifying distributions from Part XII, line 4.............. 8 177,680
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 4,346
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 4,346
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 4,346
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 3,950
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,950
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 3
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 399
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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 ofbulletSHIRLEY A MOEN Telephone no.bullet (952) 921-3994
    Located atbullet8400 NORMANDALE LAKE BLVD 920BLOOMINGTONMN ZIP+4bullet55437
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    HM BASKERVILLE JR TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    TERRY R BECKER TRUSTEE
    4.00     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    LAURA LEE BASKERVILLE BECKER TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    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  
    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
    204,047
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    4,346
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,346
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    199,701
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    199,701
    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
    199,701
    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 7 199,701
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 138,541
    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$ 177,680
    a Applied to 2012, but not more than line 2a 138,541
    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..... 39,139
    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 ..........     		160,562
    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).)
    HM BASKERVILLE JR
    TERRY R BECKER
    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:
    TERRY R BECKER
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    (952) 921-3994
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORMAT/STATEMENT INCLUDING COPY OF IRS DETERMINATION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TRUST IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF I.R.C. 170(C) AND 501(C). THE TRUST WILL FUND GRANTS TO ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER I.R.C. 501(A) BY VIRTUE OF BEING DESCRIBED IN I.R.C. 501(C)(3) OR TO ORGANIZATIONS CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER I.R.C. 170(C)(2), 2055(A) AND 2522(A).
    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
    ALZHEIMERS ASSOCIATION
    4550 W 77 ST
    EDINA,MN55435     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    BIG BROTHERSBIG SISTERS TWIN CITIES
    2500 UNIVERSITY AVE
    ST PAUL,MN55114     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    BOLDER OPTIONS
    2100 STEVENS AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    BOYS & GIRLS CLUB
    690 JACKSON ST
    ST PAUL,MN55130     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    BRIDGE FOR YOUTH
    1111 W 22ND ST
    MINNEAPOLIS,MN55405     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,500
    BRIDGING
    201 W 87 ST
    BLOOMINGTON,MN55420     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    CARING BRIDGE WEBSITE
    1715 YANKEE DOODLE RD 301
    EAGAN,MN55121     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    CHILDREN'S CANCER RESEARCH
    7301 OHMS LN
    MINNEAPOLIS,MN55439     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    CHRISTO RAY JESUIT HIGH SCHOOL
    2924 FOURTH AVENUE S
    MINNEAPOLIS,MN55408     		NONE PUBLIC CHARITY PROGRAM SUPPORT 7,500
    CITY OF LAKES COMMUNITY LAND TRUST
    2017 E 38 ST
    MINNEAPOLIS,MN55407     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    COURAGE CENTER CAMPS
    10509 108TH ST NW
    ANNANDALE,MN55302     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    DUNWOODY INSTITUTE
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		NONE EDUCATIONAL PROGRAM SUPPORT 2,000
    EMERGE
    1101 W BROADWAY AVE
    MINNEAPOLIS,MN55411     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    FRASER
    2400 W 64 ST
    MINNEAPOLIS,MN55423     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    GILDA'S CLUB TC
    5115 EXCELSIOR BLVD 448
    MINNEAPOLIS,MN55416     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    GOLFERS AGAINST CANCERINC
    1700 LAKE KINGWOOD TR
    KINGWOOD,TX77339     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    GOODWILL-EASTER SEALS
    663 FAIRVIEW AVE NO
    ST PAUL,MN55104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    GREATER MINNEAPOLIS CRISIS NURSERY
    5400 GLENWOOD AVE
    GOLDEN VALLEY,MN55422     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    HEARTS & HANDS
    2608 BLAISDELL AVE S
    MINNEAPOLIS,MN55408     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    HIRED
    1200 PLYMOUTH AVE N
    MINNEAPOLIS,MN55411     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    HOPE ACADEMY
    2300 CHICAGO AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,800
    LIVING LANDS & WATERS
    17615 ROUTE 843 N
    EAST MOLINE,IL61244     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    MINNESOTA DARE INC
    PO BOX 279
    ST BONIFACIUS,MN55375     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,200
    PAGE EDUCATION FUND
    PO BOX 581254
    MINNEAPOLIS,MN55454     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    PEOPLE SERVING PEOPLE
    614 S THIRD ST
    MINNEAPOLIS,MN55415     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    SOJOURNER PROJECT
    PO BOX 272
    HOPKINS,MN55343     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    SOUTHDALE YMCA
    7355 YORK AVESO
    EDINA,MN55435     		NONE PUBLIC CHARITY CAPITAL CAMPAIGN 20,000
    SOUTHSIDE FAMILY NURTURING CENTER
    2448 18TH AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    ST STEPHENS HUMAN SERVICES
    2211 CLINTON AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    TREE HOUSE
    5666 LINCOLN DR
    EDINA,MN55436     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    TWIN CITIES RISE
    800 WASHINGTON AVE N
    MINNEAPOLIS,MN55401     		NONE PUBLIC CHARITY PROGRAM SUPPORT 3,000
    URBAN HOMEWORKS
    2015 EMERSON AVENUE N
    MINNEAPOLIS,MN55411     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    URBAN VENTURES
    3041 FOURTH AVE S
    MINNEAPOLIS,MN55408     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    YMCA OF METRO MPLS- SOUTHDALE
    30 S NINTH ST
    MINNEAPOLIS,MN55402     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    Total .................................bullet 3a 175,000
    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 ............     		    18 72  
    4 Dividends and interest from securities....     14 76,845  
    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.....     14 4,248  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 167,769  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFOREIGN TAX REBATE     01 36  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 248,970 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13248,970
    (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:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,310 2,655 0 2,655

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PIONEER GLOBAL HIGH YIELD FUND - 3517.588 SHS 35,000 34,648
    SPDR DJ WILSHIRE INTL RE ETF - 2800 SHS 113,475 115,360
    PIMCO COMMODITY REAL RTN STRAT FD - 25371.325 SHS 225,551 139,289
    PIMCO COMMODITIESPLUS STRATEGY FD - 23947.299 SHS 258,000 256,715

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AQR DIVERSIFIED ARBITRAGE FUND- 3208.556 SHS 36,000 34,973
    ACCENTURE PLC-104SHS 6,495 8,551
    AETNA INC-117SHS 7,652 8,025
    AIR PRODS & CHEMS INC-101SHS 8,607 11,290
    ALEXION PHARMACEUTICALS INC-134SHS 11,997 17,806
    ALTRIA GROUP INC-183SHS 6,464 7,025
    AMERICAN ELEC PWR INC-315SHS 12,348 14,723
    AMERICAN INTL GROUP INC-232SHS 9,405 11,844
    AMGEN INC-195SHS 20,571 22,246
    ANADARKO PETE CORP-200SHS 16,809 15,864
    APACHE CORP-101SHS 7,730 8,680
    APPLE INC-82SHS 41,239 46,004
    AT&T INC-601SHS 22,494 21,131
    BAXTER INTL INC-74SHS 4,337 5,147
    BERKSHIRE HATHAWAY INC DEL-352SHS 40,400 41,733
    BIOGEN IDEC INC-24SHS 5,379 6,710
    BLACKROCK INC-42SHS 8,548 13,292
    CAPITAL ONE FINL CORP-265SHS 16,234 20,302
    CELGENE CORP-89SHS 6,241 15,038
    CHEVRON CORP-250SHS 27,199 31,228
    CIGNA CORP-81SHS 6,921 7,086
    CISCO SYS INC-838SHS 17,451 18,796
    CITIGROUP INC-389SHS 13,810 20,271
    COMCAST CORP-633SHS 19,158 32,894
    CORNING INC-332SHS 5,654 5,916
    CVS CAREMARK CORP-577SHS 26,366 41,296
    DANAHER CORP DEL-152SHS 8,804 11,734
    DELTA AIR LINES INC DEL-105SHS 2,999 2,884
    DISCOVER FINL SVCS-263SHS 8,576 14,715
    DISCOVERY COMMUNICATIONS INC-85SHS 6,660 7,686
    DISNEY WALT CO-286SHS 20,352 21,850
    DOLLAR GEN CORP-104SHS 6,353 6,273
    DOVER CORP-94SHS 6,567 9,075
    ECOLAB INC-121SHS 10,541 12,617
    EOG RES INC-49SHS 7,720 8,224
    EXPRESS SCRIPTS HLDG CO-177SHS 9,791 12,432
    FACEBOOK INC-289SHS 8,246 15,794
    FEDEX CORP-137SHS 12,784 19,696
    FORD MTR CO DEL-529SHS 8,744 8,162
    FREEPORT-MCMORAN COPPER & GOLD-555SHS 21,193 20,946
    GENERAL ELEC CO-1166SHS 22,887 32,683
    GENERAL MTRS CO-170SHS 4,783 6,948
    GOOGLE INC-26SHS 23,499 29,138
    HALLIBURTON CO-163SHS 8,299 8,272
    HOME DEPOT INC-202SHS 10,732 16,633
    HONEYWELL INTL INC-100SHS 7,608 9,137
    INTERNATIONAL PAPER CO-295SHS 13,584 14,464
    INVESCO LTD-414SHS 13,562 15,070
    LAS VEGAS SANDS CORP-142SHS 10,343 11,200
    LOWES COS INC-130SHS 5,859 6,442
    MACYS INC-61SHS 2,978 3,257
    MARATHON OIL CORP-363SHS 12,635 12,814
    MARATHON PETE CORP-48SHS 4,104 4,403
    MEAD JOHNSON NUTRITION CO-160SHS 12,707 13,402
    MELCO CROWN ENTERTAINMENT LTD-481SHS 10,057 18,865
    MORGAN STANLEY-356SHS 8,941 11,164
    NATIONAL OILWELL VARCO IN-137SHS 10,846 10,896
    NETEASE INC-93SHS 5,795 7,310
    NEXTERA ENERGY INC-407SHS 33,685 34,847
    NOBLE ENERGY INC-108SHS 8,124 7,356
    OCCIDENTAL PETE CORP DEL-199SHS 19,817 18,925
    ORACLE CORP-305SHS 9,004 11,669
    PARKER HANNIFIN CORP-133SHS 11,937 17,109
    PFIZER INC-726SHS 17,679 22,237
    PNC FINL SVCS GROUP INC-271SHS 17,692 21,024
    PROCTER & GAMBLE CO-319SHS 25,404 25,970
    SCHLUMBERGER LTD-119SHS 8,898 10,723
    SINA COM-82SHS 4,509 6,909
    STARBUCKS CORP-229SHS 11,809 17,951
    TE CONNECTIVITY LTD-268SHS 9,792 14,769
    THERMO FISHER SCIENTIFIC CORP-51SHS 4,037 5,679
    TIME WARNER CABLE INC-64SHS 5,169 8,672
    TIME WARNER INC-267SHS 17,815 18,615
    UNION PAC CORP-89SHS 9,802 14,952
    US BANCORP DEL-290SHS 9,821 11,716
    VALERO ENERGY CORP NEW-91SHS 4,164 4,586
    VISA INC-50SHS 8,868 11,134
    VMWARE INC-63SHS 5,539 5,652
    WAL-MART STORES INC-211SHS 13,013 16,604
    WELLS FARGO & CO-470SHS 15,454 21,338
    WHOLE FOODS MKT INC-270SHS 11,930 15,614
    WUXI PHARMATECH CAYMAN INC-1022SHS 17,518 39,224
    ACTIVISION BLIZZARD INC-506SHS 7,371 9,022
    AGCO CORP-49SHS 2,317 2,900
    AKAMAI TECHNOLOGIES INC-171SHS 7,956 8,068
    AUTONATION INC-65SHS 3,001 3,230
    AVNET INC-98SHS 3,537 4,323
    BAIDU INC-56SHS 8,133 9,961
    BLACKSTONE GROUP L P-523SHS 11,017 16,475
    BORG WARNER INC-82SHS 4,364 4,585
    CELANESE CORP-68SHS 2,469 3,761
    CIMAREX ENERGY CO-31SHS 2,993 3,252
    CITRIX SYS INC-246SHS 15,446 15,560
    DENTSPLYN INTL INC -307SHS 15,013 14,883
    DOLLAR TREE INC-239SHS 11,805 13,484
    ENERSYS-81SHS 2,918 5,677
    FIRST REP BK SAN FRANCISCO-166SHS 6,247 8,690
    FOOT LOCKER INC-218SHS 6,457 9,034
    GNC HLDGS INC-253SHS 9,231 14,788
    HELMERICH & PAYNE INC-56SHS 3,371 4,708
    HIMAX TECHNOLOGIES INC-1154SHS 6,131 16,975
    HUNTINGTON INGALLS INDS INC-142SHS 7,864 12,781
    IAC/INTERACTIVECORP-212SHS 11,043 14,554
    INGREDION INC-109SHS 6,137 7,462
    INTERPUBLIC GROUP COS INC-329SHS 5,539 5,823
    KKR & CO L P DEL-498SHS 7,337 12,121
    LAM RESEARCH CORP-141SHS 7,616 7,677
    LEAR CORP-73SHS 3,343 5,911
    MONSTER BEVERAGE CORP-83SHS 4,464 5,625
    NU SKIN ENTERPRISES INC-23SHS 965 3,179
    OCH-ZIFF CAP MGMT GROUP-1332SHS 12,175 19,714
    OIL STS INTL INC-60SHS 4,495 6,103
    OWENS ILL INC-348SHS 8,870 12,451
    PENSKE AUTOMOTIVE GROUP INC-100SHS 3,082 4,716
    POLARIS INDS INC-44SHS 3,609 6,408
    REINSURANCE GROUP AMER INC-165SHS 9,787 12,773
    SLM CORP-366SHS 7,531 9,618
    SM ENERGY CO-93SHS 4,517 7,729
    SYNOPSYS INC-596SHS 21,227 24,180
    TOWERS WATSON & CO-65SHS 5,449 8,295
    TRINITY INDS INC-79SHS 2,480 4,307
    UNITED RENTALS INC-230SHS 10,077 17,929
    WHIRPOOL CORP-24SHS 3,609 3,765
    WHITING PETE CORP-51SHS 2,977 3,155
    WYNDHAM WORLDWIDE CORP-174SHS 11,136 12,822
    CINCINATTI BELL INC-1801SHS 5,787 6,412
    COMSTOCK RES INC-479SHS 8,117 8,761
    FULLER H B CO-120SHS 3,636 6,245
    HANGER INC-99SHS 2,285 3,895
    JDS UNIPHASE CORP-465SHS 7,204 6,038
    MAIDEN HLDGS LTD-682SHS 7,101 7,454
    MASTEC INC-230SHS 6,142 7,526
    NEUSTAR INC-67SHS 2,379 3,341
    PENNEY J C CO INC-511SHS 3,474 4,676
    PRESTIGE BRANDS HLDGS INC-175SHS 5,738 6,265
    TAL INTERNATIONAL GROUP INC-78SHS 3,316 4,473
    TEXTAINER GROUP HLDGS LTD-95SHS 3,275 3,821
    THOR INDS INC-111SHS 4,894 6,131
    VIRTUSA CORP-205SHS 3,494 7,808
    ABERDEEN ASSET MANAGEMENT PLC-1014SHS 6,127 8,389
    ACTELION LTD-257SHS 10,799 21,774
    AFREN PLC-7013SHS 15,273 19,641
    AIR NEW ZEALAND LTD-11949SHS 16,265 16,129
    ALIMENTATION COUCHE TARD INC-447SHS 14,907 33,606
    ARM HOLDINGS PLC-639SHS 8,802 11,621
    ASHTEAD GROUP PLC-717SHS 6,430 9,019
    AZIMUT HOLDING SPA-723SHS 7,125 19,756
    BANCA GENERALI S PA-658SHS 7,456 20,410
    BANCO BILBAO VIZCAYA ARGENTARIA-538SHS 5,444 6,666
    BANCO POPULAR ESPANOL SA-1149SHS 6,105 6,943
    BANK OF NOVA SCOTIA-212SHS 12,495 13,255
    BNP PARIBAS SA-248SHS 16,577 19,359
    BOUYGUES-166SHS 5,959 6,272
    BP P L C-421SHS 18,335 20,465
    CAPCOM CO LTD-1113SHS 17,116 20,103
    CARLSBERG-90SHS 9,013 9,974
    CENTURY TOKYO LEASING CORP-393SHS 9,976 13,053
    CHICAGO BRDG & IRON CO N V-157SHS 5,776 13,053
    CIE FINANCIERE RICHEMONT SA-148SHS 13,351 14,778
    COGECO CABLE INC-359SHS 15,933 16,212
    CTRIP COM INTL LTD-110SHS 5,476 5,458
    CTS EVENNTIM AG-328SHS 13,933 16,637
    DEUTSCHE BANK AG-116SHS 5,856 5,543
    DON QUJOTE HOLDINGS CO LTD-360SHS 14,845 21,950
    DS SMITH PLC-1369SHS 6,875 7,526
    DUERR AG-205SHS 13,621 18,308
    EATON CORP PLC-142SHS 9,808 10,809
    ELECTRICITE DE FRANCE -521SHS 9,986 18,440
    ENDESA SA-375SHS 7,896 12,040
    ENERGIA DE PORTUGAL SA-5474SHS 14,317 20,140
    GDF SUEZ-233SHS 5,628 5,489
    GEA GROUP AG-357SHS 13,791 17,021
    GEMALTO NV-113SHS 8,573 12,458
    HAVAS ADVERTISING-1076SHS 9,067 8,872
    HENKEL AG & CO KGAA-252SHS 21,835 26,265
    HSBC HLDGS-1694SHS 17,664 18,582
    HUADIAN FUXIN ENERGY CORP-18272SHS 6,199 7,234
    HUNTING PLC-830SHS 11,450 10,716
    ICON PLC-199SHS 6,459 8,043
    INTERMEDIATE CAP GROUP PLC-1272SHS 9,161 8,846
    JAZZ PHARMACEUTICALS PLC-161SHS 9,020 20,376
    KAKAKU COM INC-551SHS 5,393 9,741
    KDDI CORP-393SHS 15,566 24,338
    KONINKLIJKE PHILIPS NV-537SHS 17,366 19,716
    LEGAL & GENERAL GROUP PLC-1043SHS 2,980 3,845
    LYONDELLBASELL INDUSTRIES NV-91SHS 6,579 7,305
    MAPFRE SA-2404SHS 9,198 10,312
    MARINE HARVEST-5309SHS 5,264 6,462
    MEDIOLANUM SPA-1132SHS 9,886 9,827
    MITSUBISHI ESTATE-423SHS 11,907 12,734
    OPERA SOFTWARE ASA-489SHS 3,989 6,686
    ORIENTAL LAND CO-125SHS 19,267 18,041
    ORIX CORP-356SHS 5,710 6,294
    RAKUTEN INC TOKYO-1162SHS 13,727 17,395
    RECKITT BENCKISER GROUP PLC-300SHS 16,747 23,810
    RENAULT SA-70SHS 5,502 5,638
    RIO TINTO-208SHS 9,933 11,744
    ROCHE HLDGS AG- GENUSSCHEIN-73SHS 18,614 20,455
    SAFRAN SA-248SHS 14,150 17,261
    SANDS CHINA LTD-1641SHS 8,204 13,407
    SANOFI-120SHS 6,365 6,436
    SCOR SE-287SHS 8,966 10,506
    SENSATA TECH HLDG NV-522SHS 19,344 20,238
    SHIP HEALTHCARE HOLDINGS INC-198SHS 3,847 7,695
    SIEMENS AG-139SHS 11,283 19,018
    SJM HOLDINGS LIMITED-2048SHS 5,346 6,867
    SOFTBANK CORP-396SHS 13,614 34,872
    SUMITOMO CORP-996SHS 12,971 12,594
    SWIBER HOLDINGS LTD-16886SHS 8,930 8,894
    SWISS RE LTD-196SHS 15,131 18,083
    TELENOR ASA-394SHS 8,784 9,391
    TENCENT HOLDINGS LIMITED-282SHS 8,939 17,988
    TOTAL SA-576SHS 26,737 35,343
    TOYOTA MOTOR CORP-164SHS 8,953 10,078
    UNITED INTERNET AG REG SHARE-433SHS 7,984 18,448
    VALOR CO LTD-0SHS 0 0
    VINCI SA -206SHS 10,952 13,546
    WINCOR NIXDORF AG-359SHS 23,872 24,917
    WYNN MACAU LTD-1446SHS 5,932 6,555
    XINYL GLASS HLDGS LTD-3486SHS 2,608 3,075
    XINYL SOLAR HOLDINGS LTD-3486SHS 488 719
    YAHOO JAPAN CORP-3100SHS 10,592 17,254
    AMERICA MOVIL S A B DE C V-432SHS 8,628 10,096
    BANK OF CHINA LTD - H-37438SHS 15,010 17,237
    BANK OF COMMUNICATIONS CO LTD-10994SHS 8,388 7,756
    CHECK POINT SOFTWARE TECH LTD-192SHS 9,944 12,384
    CHINA COMMUNICATIONS CONST CO LTD-6791SHS 6,588 5,474
    CHINA COMMUNICATIONS SVCS CORP-7612SHS 5,105 4,712
    CHINA SOUTH LOCOMOTIVE -6793SHS 4,634 5,572
    ELBIT SYS LTD-59SHS 2,797 3,582
    HATTONG SECURITIES CO LTD-3481SHS 5,121 6,061
    INDUSTRIAL & COMMERCIAL BK OF CHINA-19195SHS 13,478 12,972
    KASIKORNBANK PCL-1397SHS 8,011 6,662
    KRUNG THAI BK PUB CO LTD-9626SHS 6,147 4,716
    PING AN INSURANCE GROUP CO H-2965SHS 22,433 26,557
    PT BK MANDIRI-5819SHS 4,272 3,753
    SIAM COMMERCIAL BANK PUB CO LTD-2531SHS 14,280 10,783
    STANDARD BK GROUP LTD-103SHS 5,105 4,980
    TAIWAN SEMICONDUCTOR MFG LTD-477SHS 7,378 8,319
    TELEFONICA BRASIL SA-61SHS 1,855 1,172
    UNIVERSAL ROB INA CORP-7055SHS 10,184 17,978
    YANDEX NV-319SHS 7,247 13,765

    TY 2013 InvestmentsOtherSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    IVY ASSET STRATEGY FUND - 2288.62 SHS AT COST 72,000 73,877
    ROBECO BOSTON PARTNERS LONG/SHORT RES FUND - 5066.854 SHS AT COST 72,000 73,115
    COHEN & STEERS REIT ETF - 2200 SHS AT COST 171,521 164,384
    ENTERPRISE PRODS PARTNERS L P-151SHS AT COST 7,931 10,011
    IPG PHOTONIC CORP-194SHS AT COST 10,828 15,056

    TY 2013 OtherAssetsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    URBAN HOMEWORKS LLC - LOAN 90,000 80,000 80,000


    TY 2013 OtherDecreasesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Description Amount
    BASIS ADJUSTMENT BY BROKER 2,713
    SIEMANS AG - REVERSAL OF 2012 RECEIPT DUE TO TAXABLE SPINOFF 410


    TY 2013 OtherExpensesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE / BANK /ADR FEES 9,378 9,378 0 0
    MINNESOTA ATTORNEY GENERAL 25 0 0 25
    KKR SCH K-1 - INV INTEREST EXP 0 12 0 0
    SUNOCO LP SCH K-1 - INV INTEREST EXP 0 3 0 0
    POWERSHARES COMMODITY K-1 - PORTFOLIO DEDUCTIONS 0 839 0 0
    OCH-ZIFF SCH K-1 - INV INTEREST EXP 0 78 0 0
    OCH-ZIFF SCH K-1 - PORTFOLIO DEDUCTIONS 0 1 0 0
    CARLYLE GROUP LP - K-1 - PORTFOLIO DEDUCTION 0 7 0 0
    CARLYLE GROUP LP - K-1 - INV INTEREST EXP 0 11 0 0


    TY 2013 OtherIncomeSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    URBAN HOMEWORKS - INTEREST PYMT ON NOTE 4,248 4,248  
    FOREIGN TAX REBATE 36 36 0


    TY 2013 OtherIncreasesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Description Amount
    LIMITED PARTNERSHIPS CASH DISTRIBUTIONS 2,754
    RETURN OF CAPITAL/SHARE REDEMPTION 353
    PRIOR YEAR PENDING SALES ADJUSTMENT TO BEGINNING BALANCE 673


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 23,435 23,435 0 0


    TY 2013 TaxesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN: 41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES PAID - PRIOR YEAR 750 0 0 0
    FEDERAL ESTIMATED EXCISE TAXES PAID 2,339 0 0 0
    FEDERAL EXTENSION PAYMENT 1,000 0 0 0
    OCH-ZIFF K-1 - FOREIGN TAX PAID 0 2 0 0