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
Gene & Ruth Posner Foundation Inc
c/o Gimbel Reilly Guerin & Brown

Number and street (or P.O. box number if mail is not delivered to street address)330 East Kilbourn Avenue No 1170   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Milwaukee, WI532023146
A Employer identification number

39-6050150
B Telephone number (see instructions)

(414) 224-3648
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$9,223,100J 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 33,550 33,550  
4 Dividends and interest from securities...... 87,991 87,991  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 556,566
b Gross sales price for all assets on line 6a 5,205,268
7 Capital gain net income (from Part IV, line 2)... 556,566
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).......      
12 Total. Add lines 1 through 11........ 678,107 678,107  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 72,030 72,030   0
b Accounting fees (attach schedule)....... Click to see attachment 6,635 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 9,384 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 55,756 55,756   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 143,805 127,786   0
25 Contributions, gifts, grants paid........ 476,683 476,683
26 Total expenses and disbursements. Add lines 24 and 25 620,488 127,786   476,683
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 57,619
b Net investment income (if negative, enter -0-) 550,321
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 188,336 189,577 189,577
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)........ 2,937,564 Click to see attachment4,303,950 5,608,915
c Investments—corporate bonds (attach schedule)........ 664,017 Click to see attachment597,012 599,419
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,598,287 Click to see attachment2,360,787 2,823,857
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,835 Click to see attachment1,332 Click to see attachment1,332
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,395,039 7,452,658 9,223,100
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 7,395,039 7,452,658
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,395,039 7,452,658
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,395,039 7,452,658
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 7,395,039
2 Enter amount from Part I, line 27a..................... 2 57,619
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,452,658
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,452,658
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 Capital Gains Dividends P    
c
d
e
(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 5,182,046   4,648,702 533,344
b 23,222     23,222
c
d
e
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       533,344
b       23,222
c
d
e
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 2 556,566
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 398,283 8,112,868 0.049093
2011 357,900 8,574,285 0.041741
2010 291,700 7,779,993 0.037494
2009 522,522 7,032,948 0.074296
2008 564,360 8,865,281 0.063660
2 Total of line 1, column (d) ...................... 2 0.266284
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 0.053257
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 8,655,807
5 Multiply line 4 by line 3....................... 5 460,982
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,503
7 Add lines 5 and 6......................... 7 466,485
8 Enter qualifying distributions from Part XII, line 4.............. 8 476,683
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 5,503
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 5,503
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 5,503
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 6,835
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 6,835
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,332
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet1,332 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbulletN/A
    14
    The books are in care ofbulletAttorney Joshua Gimbel Telephone no.bullet (414) 224-3648
    Located atbullet330 East Kilbourn Avenue Suite 1170MilwaukeeWI ZIP+4bullet532023146
    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
    Frederic G Posner Director
    1.00     		0 0 0
    31450 Manitoba Drive
    Evergreen,CO804397045
    Barbara P Ward Director
    1.00     		0 0 0
    7 Fremont St
    Plymouth,MA02360
    Joshua L Gimbel Director
    2.00     		0 0 0
    330 East Kilbourn Avenue Suite 1170
    Milwaukee,WI532023146
    David Posner Director
    1.00     		0 0 0
    58 Parsonage Road
    Greenwich,CT06830
    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
    432,790
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    5,503
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,503
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    427,287
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    427,287
    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
    427,287
    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 7 427,287
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 105,308
    b From 2009....... 171,831
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 277,139
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 476,683
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 427,287
    e Remaining amount distributed out of corpus 49,396
    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 5 326,535
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		105,308
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		221,227
    10 Analysis of line 9:
    a Excess from 2009.... 171,831
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013.... 49,396
    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).)
    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 of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    AIDHA
    73 Bras Basah Road 4th Flr
    Singapore    
    SN     		None Public General operations 5,000
    ALS Association - Wisconsin Chapter
    2505 North 124 St 105
    Brookfield,WI53005     		None Public General operations 2,500
    Alverno College
    3400 S 43rd Street
    Milwaukee,WI53234     		None Public General operations 2,500
    American Red Cross
    2025 East Street
    Washington DC,DC20006     		None Public General operations 1,600
    Big Brothers Big Sisters of Metro Milwaukee Inc
    788 North Jefferson Street
    Milwaukee,WI532023739     		None Public General operations 3,500
    Bissell Pet Foundation
    2840 Pioneer Club Road
    East Grand Rapids,MI49506     		None Public General operations. 100
    Blue Adobe ProjectSky Islands
    201 S Wilmot
    Tucson,AZ85711     		None Public General operations 1,000
    Boys and Girls Club of Milwaukee
    1558 N 6th St
    Milwaukee,WI532123845     		None Public General operations 30,000
    Center for the Arts Evergreen
    PO Box 2737
    Evergreen,CO80437     		None Public General operations 1,500
    Centro de le Communidad United Community Center
    1028 S 9th Street
    Milwaukee,WI53204     		None Public General operations 5,000
    Children's Cancer Research Fund
    1554 S Sepulveda Ave Suite 107
    Los Angeles,CA90025     		None Public General operations 2,500
    COA Youth & Family Centers
    909 East North Avenue
    Milwaukee,WI53212     		None Public General operations 5,000
    Coallition for the Homeless
    149 Bishops Highway
    Kingston,MA02364     		None Public General operations 2,000
    College Possible
    1555 N River Center Drive Suite 211
    Milwaukee,WI53212     		None Public General operations 10,000
    Congregation Shalom - Rabbi Shapiro
    7630 N Santa Monica Blvd
    Milwaukee,WI53217     		None Public General operations 3,500
    Cranberry Hospice
    36 Cordage Park Circle Ste 326
    Plymouth,MA02360     		None Public General operations 3,000
    Democracy Now
    207 W 25th Street Floor 11
    New York,NY10001     		None Public General operations 3,000
    Discovery World at Pier Wisconsin
    500 N Harbor Dr
    Milwaukee,WI53202     		None Public General operations 15,000
    Doctors Without Borders
    PO Box 5030
    Hagerstown,MD217415030     		None Public General operations 1,500
    First Stage Children's Theater - Scholarship Fund
    325 W Walnut Street
    Milwaukee,WI53212     		None Public General operations 2,600
    Friends of Milwaukee Public Museum
    800 West Wells Street
    Milwaukee,WI532331478     		None Public General operations 2,500
    Friends of the Open School
    PO Box 334
    Wheat Ridge,CO80034     		None Public General operations 4,000
    Friendship CircleThe ShulJewish Youth Foundation
    383 West Brown Deer Road Suite A
    Fox Point,WI53217     		None Public General operations 6,333
    Guide Dog Foundation
    371 E Jericho Turnpike
    Smithtown,NY11787     		None Public General operations 100
    Hollywood High School
    1521 N Highland Avenue
    Los Angeles,CA90028     		None Public General operations 3,000
    Hunger Task Force
    201 S Hawley Ct
    Milwaukee,WI53214     		None Public General operations 8,000
    International Society for Self-Directed Learning
    3931 CR557A
    Polk City,FL33868     		None Public General operations 2,000
    Jefferson County Open School
    7655 W 10th Ave
    Lakewood,CO802144101     		None Public General operations 3,500
    Jewish Family Services
    1300 North Jackson Street
    Milwaukee,WI53202     		None Public General operations 5,000
    Jordan Hospital
    275 Sandwich St
    Plymouth,MA02360     		None Public General operations 2,500
    Journey House
    2110 W Scott Street
    Milwaukee,WI53204     		None Public General operations 2,000
    Kenyan Children's Foundation
    PO Box 631116
    Highlands Ranch,CO801631116     		None Public General operations 2,000
    Kripalu Institute for Extraordinary Learning
    PO Box 793
    Lenox,MA01240     		None Public General operations 3,000
    Larchmont Charter School
    815 N El Centro Ave
    Los Angeles,CA90038     		None Public General operations 3,000
    Legal Aid Society of Milwaukee
    229 East Wisconsin Avenue
    Milwaukee,WI53202     		None Public General operations 2,000
    Literacy Services of Wisconsin
    555 N Plankinton Avenue
    Milwaukee,WI53203     		None Public General operations 5,000
    Los Angeles County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		None Public General operations 1,000
    Mammoth Community Foundation
    PO Box 1475
    Mammoth Lakes,CA93546     		None Public General operations 1,000
    Mammoth Lakes Foundation
    100 College Parkway
    Mammoth Lakes,CA93546     		None Public General operations 1,000
    Marine Toys for Tots Foundation
    18251 Quantico Gateway Drive
    Triangle,VA22172     		None Public General operations 100
    Marquette Law School
    PO Box 1881
    Milwaukee,WI53202     		None Public General operations 55,000
    Medical College of Wisconsin - Eye Institute
    8701 West Watertown Plank Rd
    Milwaukee,WI53226     		None Public General operations 30,000
    Milwaukee Art Museum
    700 N Art Museum Drive
    Milwaukee,WI53202     		None Public General operations 5,000
    Milwaukee Ballet
    504 West National Avenue
    Milwaukee,WI53204     		None public General operations 5,000
    Milwaukee Bar Association Foundation
    424 E Wells St
    Milwaukee,WI53202     		None Public General operations 10,000
    Milwaukee Center for Independence
    2020 West Wells Street
    Milwaukee,WI53233     		None Public General operations 8,000
    Milwaukee Immediate Care Center
    1971 West Capitol Drive
    Milwaukee,WI53206     		None Public General operations 5,000
    Milwaukee Jewish Home
    1414 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 40,750
    Milwaukee Public Library Foundation
    814 W Wisconsin Avenue
    Milwaukee,WI53233     		None Public General operations 5,000
    Milwaukee Symphony Orchestra
    700 N Water Street Suite 700
    Milwaukee,WI53202     		None Public General operations 7,500
    Mr Hollands Opus Foundation
    4370 Tujunga Avenue Suite 330
    Studio City,CA91604     		None Public General operations 5,000
    NCJW-HIPPY
    PO Box 17900
    Glendale,WI53217     		None Public General operations 1,000
    Neighborhood House of Milwaukee
    2819 West Richardson Place
    Milwaukee,WI53204     		None public General operations 1,500
    Operation Dream
    PO Box 270604
    Milwaukee,WI53227     		None Public General operations 12,100
    Pearls for Teen Girls
    2100 N Palmer Street
    Milwaukee,WI532123220     		None Public General operations 5,000
    Pelz Holocaust Education Resource Center
    1360 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 2,000
    Pembroke Public Library
    142 Center Street
    Pembroke,MA02359     		None Public General operations 500
    Planned Parenthood
    434 W 33rd St
    New York,NY10001     		None Public General operations 500
    Plymouth Philharmonic
    PO Box 3174
    Plymouth,MA02361     		None Public General operations 2,500
    Plymouth Public Library
    152 South St
    Plymouth,MA02360     		None Public General operations 1,000
    RCDS Development Fund
    Cedar Street
    Rye,NY10580     		None Public General operations 6,000
    Satsang Foundation
    18823 S Rochelle
    Cerritos,CA907036012     		None Public General operations 5,000
    Schools That Can - Milwaukee
    111 W Pleasant Street
    Milwaukee,WI53212     		None Public General operations 5,000
    SHARP Literacy Inc
    750 North Lincoln Memorial Drive
    Milwaukee,WI53202     		None Public General operations 53,000
    Shirat Hayam
    55 Atlantic Avenue
    Swampscott,MA01907     		None Public General operations 500
    Southern Exposure Immersions Inc
    PO Box 1235
    Westminster,CO80036     		None Public General operations 1,000
    SPARK Program
    251 Rhode Island Street Suite 205
    San Francisco,CA94103     		None Public General operations 1,000
    St Ann's Center
    2801 E Morgan Ave
    Milwaukee,WI54207     		None Public General operations 2,500
    The Harmony Project
    1165 Delaware Street
    Denver,CO80204     		None Public General operations 1,000
    The Jewish Museum of Milwaukee
    1360 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 2,500
    The Robbin Hood Foundation
    826 Broadway 9th Floor
    New York,NY10003     		None Public General operations 3,000
    The Urban Ecology Center
    1500 East Park Place
    Milwaukee,WI53211     		None Public General operations 1,000
    This American Life
    848 E Grand Avenue
    Chicago,IL60611     		None Public General operations 3,000
    Tools for Peace
    75 South Grand Ave Suite 217
    Pasadena,CA91105     		None Public General operations 2,000
    United Performing Arts Fund
    929 N Water Street
    Milwaukee,WI53202     		None Public General operations 5,000
    United Way of Greater Milwaukee
    225 W Vine St
    Milwaukee,WI53212     		None Public General operations 5,000
    Vince Lombardi Cancer FoundationSt Luke's Medical Center
    PO Box 341217
    Milwaukee,WI532341217     		None Public General operations 2,500
    Whitby School
    969 Lake Avenue
    Greenwich,CT06831     		None Public General operations 6,000
    Wisconsin Humane Society
    4500 W Wisconsin Avenue
    Milwaukee,WI53208     		None Public General operations 5,000
    Young Playwrights' Theater
    2437 Fifteenth Street NW 3rd Floor
    Washington,DC20009     		None Public General operations 5,000
    Zoological Society of Milwaukee
    1421 N Water St
    Milwaukee,WI53202     		None Public General operations 1,500
    Total .................................bullet 3a 476,683
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 33,550  
    4 Dividends and interest from securities....     14 87,991  
    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 .............     		    18 556,566  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 678,107 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13678,107
    (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:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 6,635 0   0

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY FIN CORP 50,913 53,134
    CA INC 57,110 57,532
    CELGENE CORP 45,093 44,788
    COSTCO WHSL CORP NEW SENIOR NOTES 43,473 44,932
    GENERAL ELEC CAP CORP MEDIUM TERM NTS 53,352 55,646
    HEWLETT PACKARD CO NTS 50,353 50,424
    INTEL CORP SR UNSECURED 46,171 44,707
    JOHNSON CTLS INC 51,337 51,951
    Jpmorgan Chase & Co46625HGY0 45,999 46,059
    MEDTRONIC INC SENIOR NOTES 50,039 51,589
    SHELL INTL FIN B V GTD NT 45,833 43,845
    WELLS FARGO & CO 57,339 54,812

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE CO INC COM 14,537 23,854
    ACCENTURE PLC IRELAND 14,451 23,762
    ACCURIDE CORPORATION 6,625 4,301
    Activision Blizzard, Inc.ATVI 17,380 19,934
    ACTUANT CORPORATION CL A 5,435 6,925
    ACUITY BRANDS INC 4,919 8,964
    Affiliated Managers Group IncAMG 7,415 9,109
    ALLIANCE DATA SYSTEM CORP 9,651 23,927
    AMAZON.COM INC 23,201 55,432
    American Airlines Group IncAAL 23,421 22,472
    American Express Co025816AW9 55,287 55,614
    American Public Education, Inc.APEI 4,524 4,477
    AMPHENOL CORP NEW-CL A 16,771 28,003
    ANN INC 3,669 8,482
    ANSYS INC 11,670 18,574
    Antero Resources 13,447 15,670
    APPLE INC 65,079 113,887
    Aramark Holdings 30,227 39,042
    ARCHER-DANIELS-MIDLAND CO 10,948 15,711
    Aston Lake Partners LASSO 182,650 186,422
    AT&T 39,317 39,399
    ATMI INC 10,522 18,096
    AUTOZONE INC 20,131 24,375
    B/E Aerospace Inc 13,943 20,365
    BancorpSouth Inc. 6,126 8,084
    BANK NEW YORK MELLON CORP 9,102 13,592
    Bank Of America Corporation 50,325 51,215
    Bankers Petroleum Ltd 6,742 9,994
    BB&T CORP 8,340 11,980
    BILL BARRETT CORPORATION 7,533 6,454
    BlackRock Strategic Income Opps Instl 285,018 285,784
    Boise Cascade Co 8,981 8,962
    Boston Private Financial Holdings Inc 8,602 10,538
    Boulder Brands Inc 6,306 8,406
    Bright Horizons Family Solutions Inc 10,142 11,206
    BUNGE LTD 8,287 13,220
    CABELAS INC 3,666 10,466
    CABOT OIL & GAS CORP 11,354 18,837
    Campus Crest Communities, Inc. 5,407 4,818
    CAPELLA EDUCATION COMPANY 8,615 10,896
    CAPITAL ONE FINANCIAL COR 8,498 13,254
    Cardinal Health Inc. 5,822 9,086
    CARPENTER TECHNOLOGY CORP 3,361 6,780
    CARTER'S INC 1,458 7,107
    Casey's General Stores, Inc.CASY 5,086 6,533
    CDW Corp 15,744 19,249
    CEDAR FAIR LP 5,405 9,024
    CELGENE CORP 14,195 23,824
    CHARLES SCHWAB CORP NEW 20,100 34,944
    Checkpoint Systems, Inc. 6,653 8,216
    CHEESECAKE FACTORY INC 1,833 8,013
    China Mobile Ltd. 27,556 26,772
    CHIPOTLE MEXICAN GRILL INC CL A 2,012 13,852
    CISCO SYSTEMS INC 9,537 12,426
    COGNIZANT TECHNOLOGY SOLUTIONS CORP-CL A 11,524 17,974
    COMMERCIAL VEHICLE GROUP INC 5,437 4,457
    COMMUNITY BANK SYSTEMS INC 3,905 6,309
    COMPASS MINERALS INTL INC 4,055 4,963
    CONTINENTAL RESOURCES INC 6,681 17,103
    Copa Holdings 6,486 7,685
    CORE LABORATORIES NV 14,636 28,070
    COSTCO WHOLESALE CORP-NEW 13,726 22,614
    COVANCE INC 14,071 22,543
    Covanta Holding Corporation 17,708 14,644
    Credit Suisse Commodity Ret Strat Instl 250,009 249,310
    DANAHER CORP 20,359 33,273
    DAVITA INC 13,734 23,827
    DELPHI AUTOMOTIVE PLC SHS US LISTED 11,968 24,293
    DEVON ENERGY CORPORATION NEW 15,524 15,839
    DeVry Education Group Inc 5,582 6,319
    Digital Realty Trust, Inc. 13,971 12,575
    DISCOVERY COMMUNICATIONS INC COM SER A 13,697 18,988
    DOMINOS PIZZA INC 2,071 10,308
    Dresser-Rand Group, Inc. 36,417 34,764
    Dun & Bradstreet Corporation 11,758 18,167
    Dunkin Brands Group Inc 5,959 7,567
    EBAY INC 50,508 50,868
    ECOLAB INC 24,884 33,992
    EMPIRE DISTRICT ELECTRIC CO 4,184 4,924
    ENDURANCE SPECIALTY HOLDINGS LTD 16,008 24,289
    ENTEGRIS INC 1,982 6,154
    Essent Group Ltd 14,596 16,457
    ESTEE LAUDER COMPANIES INC CL A 27,922 32,689
    ETHAN ALLEN INTERIORS INC 4,646 6,206
    Exelon CorpEXC 35,983 28,239
    EXPRESS SCRIPTS HOLDING COMPANY 70,387 85,201
    FabrinetFN 4,687 4,667
    FACEBOOK INC-A 19,968 26,505
    Fair Isaac Corp 3,413 12,505
    FAIRCHILD SEMICONDUCTOR INTL INC 4,019 5,313
    Financial Engines, Inc. 9,622 21,052
    FIRST INTERSTATE BANCSYSTEM INC CL A 3,244 6,894
    First Republic Bank (San Francisco, CA)FRC 24,134 27,903
    FLEETCOR TECHNOLOGIES INC 7,296 22,965
    FLUOR CORP NEW 31,791 38,459
    Fly Leasing Ltd. 15,318 16,070
    FMC TECHNOLOGIES INC 22,065 26,732
    FOSSIL INC 13,356 20,270
    Frank's International NVFI 18,229 18,819
    Fresh Del Monte Produce, Inc.FDP 8,590 8,999
    GARTNER INC 7,884 13,073
    GENESEE & WYOMING INC-CL A 2,385 5,763
    GENPACT LTD 14,488 17,470
    GILEAD SCIENCES INC 54,120 120,010
    GLACIER BANCORP INC-NEW 4,138 7,894
    GOOGLE INC CL A 53,717 110,950
    Guidewire Software IncGWRE 10,269 13,151
    HAEMONETICS CORP-MASS 3,241 4,887
    HANOVER INSURANCE GROUP INC (THE) 6,934 9,494
    HARTFORD FINANCIAL SERVICES GROUP INC 20,028 34,636
    HERMAN MILLER INC 5,562 6,996
    HESS CORPORATION 3,813 5,727
    Hollyfrontier Corp 28,127 32,249
    HOSPIRA INC 14,723 18,493
    Humana Inc 8,173 11,148
    INPEX CORPORATION UNSPONSORED ADR 17,054 17,968
    Integra LifeSciences Holdings, Inc. 6,350 6,584
    INTEL CORP 10,899 13,497
    INTREPID POTASH INC 6,258 4,847
    INTUITIVE SURGICAL INC NEW 24,704 29,574
    Invacare CorporationIVC 7,311 9,423
    iShares MSCI ACWI ex US IndexACWX 251,659 256,685
    ITC Holdings Corp 15,809 15,331
    JetBlue Airways Corporation 9,067 12,161
    JOHNSON CONTROLS INC 7,376 19,186
    Joy Global, Inc. 11,655 12,341
    JPMorgan Chase & Co 31,486 48,012
    Kansas City Southern, Inc. 13,001 21,794
    KBR, Inc. 14,295 14,988
    Kohl's Corp 7,526 9,591
    KONINKLIJKE AHOLD NV SPONSORED ADR NEW 12,860 18,288
    LATAM Airlines Group S.A. 11,826 11,841
    Leidos Holdings Inc 3,834 4,184
    LEVEL 3 COMMUNICATIONS INC 23,484 40,799
    LIFE TIME FITNESS INC 5,859 20,304
    LIFEPOINT HOSPITALS INC 4,008 5,918
    LINKEDIN CORP - A 13,835 22,767
    Lithia Motors, Inc. 5,283 6,664
    LKQ Corporation 14,794 15,693
    LSB Industries, Inc. 6,368 7,999
    Lumber Liquidators Holdings Inc 5,167 5,350
    LYONDELLBASELL INDUSTRIES NV CL A 4,525 7,867
    MAGELLAN HEALTH SERVICES INC 3,050 4,373
    Marin Software Inc 3,753 3,922
    MarketAxess Holdings, Inc. 11,860 13,319
    MASTERCARD INC 9,766 25,064
    MEAD JOHNSON NUTRITION COMPANY COMMON STOCK 22,799 30,572
    Melco Crown Entertainment Ltd 9,798 15,296
    METLIFE INC 32,119 53,650
    MGIC Investment Corporation 5,099 11,301
    MGM Resorts International 12,771 18,957
    Middleby Corporation 9,152 11,507
    Mondelez International Inc 24,337 30,958
    Monotype Imaging Holdings Inc. 6,668 7,551
    MOSAIC CO 14,951 14,937
    NATIONAL HEALTH INVESTORS INC 4,045 5,161
    NATIONAL INSTRUMENTS CORP 13,697 15,690
    NETAPP INC 24,636 21,352
    NIELSEN HOLDINGS NV 10,955 18,310
    Nucor Corp.NUE 6,612 7,420
    OLD NATIONAL BANCORP-IND 7,094 6,517
    Pacific Rubiales Energy Corp. 6,624 5,368
    PFIZER INC 5,417 9,648
    PGT, Inc. 5,338 7,398
    PHH CORP 4,724 6,623
    Plexus Corp. 5,066 6,061
    PNC Financial Services Group Inc 6,307 12,180
    Polycom, Inc. 5,510 5,783
    PowerShares CEF Income Composite 284,576 292,080
    Principal Financial Group 10,840 13,757
    PROGRESS SOFTWARE CORP 5,162 6,122
    PROSPERITY BANCSHARES INC 2,766 6,339
    QIWI PLCQIWI 5,869 6,888
    QUALCOMM INC 15,098 37,719
    QUEST DIAGNOSTICS INC 12,413 11,832
    Regeneron Pharmaceuticals, Inc. 11,631 12,661
    RF MICRO DEVICES INC 12,893 14,216
    ROCHE HOLDING LTD SPONSORED ADR REPSTG ORD 37,284 45,813
    ROPER INDUSTRIES INC NEW 14,757 27,181
    ROYAL CARIBBEAN CRUISES LTD 13,495 20,154
    RTI INTERNATIONAL METALS INC 4,892 7,355
    RYDER SYSTEM INC 6,393 12,543
    SALESFORCE.COM INC 11,569 32,010
    SBA COMMUNICATIONS CORP CL A 11,709 19,226
    SCHLUMBERGER LTD 31,973 34,963
    Science Applications International Corp 2,177 2,116
    Scorpio Tankers, Inc. 8,525 10,033
    SELECTIVE INSURANCE GROUP INC 4,677 7,739
    Sensient Technologies Corporation 5,599 6,890
    SOFTBANK CORP - UNSPON ADR 13,716 40,090
    SOUTHWEST AIRLINES CO 2,635 6,029
    Sprint Corp 6,975 12,846
    SPS Commerce, Inc. 3,707 5,028
    STARBUCKS CORP 51,282 81,996
    STERICYCLE INC 25,367 40,427
    SUPERIOR ENERGY SERVICES INC 4,455 5,109
    SUPERVALU Inc 5,462 5,905
    Target Corp87612EAV8 43,002 42,170
    TE CONNECTIVITY LTD 6,405 12,675
    TENNECO INC 1,456 8,599
    Teva Pharmaceutical Industries Ltd 11,425 11,944
    The ADT Corporation 29,453 31,121
    THERMO FISHER SCIENTIFIC INC 19,558 59,906
    Thermon Group Holdings Inc 6,481 6,368
    TIDEWATER INC 12,081 14,580
    TITAN INTERNATIONAL INC-ILL 2,503 4,944
    TOTAL S.A. 1 ADR REPRESENTING 1 ORD SHS 37,064 43,869
    TRACTOR SUPPLY CO 12,911 30,101
    TREEHOUSE FOODS INC 2,472 6,823
    TRIMAS CORP NEW 5,848 10,052
    Tripadvisor Inc 8,199 8,449
    Triple-S Management Corporation 5,896 5,910
    Tupperware Brands Corporation 19,035 26,185
    Tyler Technologies, Inc.TYL 3,857 5,617
    U S PHYSICAL THERAPY INC 2,831 5,818
    Unifi, Inc. 4,034 4,576
    UNITED RENTALS INC 3,139 12,940
    UNITED STATIONERS INC 12,431 15,694
    UNIVERSAL FOREST PRODUCTS INC 5,882 10,480
    URS CORPORATION 8,340 11,446
    VALEANT PHARMACEUTICALS INTL 11,804 26,532
    VCA ANTECH INC 3,988 6,335
    Vera Bradley, Inc.VRA 5,878 6,563
    VeriFone Systems, Inc.PAY 5,942 8,126
    VERISIGN INC 19,925 32,759
    Virtus Investment Partners, Inc.VRTS 5,819 7,002
    Visa, Inc.V 35,415 44,313
    Walgreen CompanyWAG 35,902 49,456
    WALTER INVESTMENT MANAGEMENT CORP 3,621 5,127
    Washington Federal Inc. 5,952 8,035
    WEBSTER FINANCIAL CORP 5,474 7,327
    Westinghouse Air Brake Technologies Corp 4,228 13,666
    Whole Foods Market, Inc. 24,476 27,238
    WILLBROS GROUP INC 5,394 7,734
    WORKDAY INC CL A 18,786 26,029
    Yelp Inc 5,169 5,033
    ZALE CORP NEW 4,267 12,443
    Zoetis Inc 40,531 41,255

    TY 2013 InvestmentsOtherSchedule2
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN FUNDS NEW WORLD FUND F-2 AT COST 683,783 809,177
    DODGE & COX INTERNATIONAL STOCK FUND AT COST 702,715 808,451
    FELCOR LODGING TRUST INC AT COST 5,479 7,295
    First Industrial Realty Trust IncFR AT COST 3,567 7,521
    FPA CRESCENT FUND AT COST 231,859 371,103
    Israel ST Dlr Bd AT COST 100,000 100,000
    OAKMARK INTERNATIONAL SMALL CAP FUND CL I AT COST 252,905 354,523
    PIMCO Total Return Instl AT COST 279,028 262,687
    SUN COMMUNITIES INC AT COST 2,461 6,908
    TEMPLETON GLOBAL BOND FUND ADV AT COST 98,990 96,192

    TY 2013 LegalFeesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 72,030 72,030   0


    TY 2013 OtherAssetsSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Federal Taxes 6,835 1,332 1,332


    TY 2013 OtherExpensesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Agency and wire transfer fees 266 266   0
    Cleary Gull Agency fees 54,440 54,440   0
    Miscellaneous 325 325   0
    Dues 725 725   0


    TY 2013 TaxesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign taxes 3,881 0   0
    Excise tax on investment income 5,503 0   0