TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2013

Open to Public Inspection

For calendar year 2013, or tax year beginning 09-01-2013 , and ending 08-31-2014

Name of foundation
AUGUSTUS H KENNEDY MEM FUND TR 25276380

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 0634 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

41-1328800

B Telephone number (see instructions)

(612) 303-3259

C If exemption application is pending, check here bullet

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

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

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

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

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

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

$6,489,368J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	94		94
4	Dividends and interest from securities......	165,233		165,233
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		235,134
b	Gross sales price for all assets on line 6a 1,274,959
7	Capital gain net income (from Part IV, line 2)...			235,134
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		2,695
12	Total. Add lines 1 through 11........	403,156		400,461
13	Compensation of officers, directors, trustees, etc.	72,597		58,078		14,519
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		2,833	0	0	2,833
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		4,722	3,777		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		367	285		82
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	80,519		62,140	0	17,434
25	Contributions, gifts, grants paid........	273,207				273,207
26	Total expenses and disbursements. Add lines 24 and 25	353,726		62,140	0	290,641
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	49,430
b	Net investment income (if negative, enter -0-)			338,321
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2013)

Form 990-PF (2013)

Page 2

Part II		Balance Sheets	Attached schedules and amounts in the description column should be for end-of-year amounts only. (See instructions.)	Beginning of year	End of year
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		83,754	94,562	94,562
	3	Accounts receivable
		Less: allowance for doubtful accounts			0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)		13,903	13,903	16,731
	b	Investments—corporate stock (attach schedule)........		3,640,457	3,416,972	5,448,092
	c	Investments—corporate bonds (attach schedule)........		625,282	890,282	929,983
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........				0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		1,957
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		4,365,353	4,415,719	6,489,368
		17	Accounts payable and accrued expenses..........
18		Grants payable...................
19		Deferred revenue..................
20		Loans from officers, directors, trustees, and other disqualified persons
21		Mortgages and other notes payable (attach schedule)......
22		Other liabilities (describe )
23		Total liabilities (add lines 17 through 22)..........			0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........		2,579,534	2,580,470
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds		1,785,819	1,835,249
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		4,365,353	4,415,719
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		4,365,353	4,415,719

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	4,365,353
2	Enter amount from Part I, line 27a.....................	2	49,430
3	Other increases not included in line 2 (itemize)	3	936
4	Add lines 1, 2, and 3..........................	4	4,415,719
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,415,719

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	441. LONZA GROUP AG UNSPON A D R		2011-08-15	2013-09-17
b	137. POTASH CORP OF SASKATCHEWAN		2012-12-13	2013-09-23
c	86. XINYI GLASS HOLDINGS LTS A D R		2012-07-09	2013-09-23
d	165. LONZA GROUP AG UNSPON A D R		2011-08-15	2013-10-02
e	151. LONZA GROUP AG UNSPON A D R		2013-02-12	2013-10-02
	20. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2011-05-24	2013-10-09
	72. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2013-05-20	2013-10-09
	400. ECOLAB INC COM		2006-09-19	2013-10-31
	500. EXXON MOBIL CORP		1977-09-24	2013-10-31
	31. BAIDU COM INC A D R		2013-06-12	2014-01-14
	159. PETROLEO BRASILEIRO S A A D R		2012-10-04	2014-01-14
	2. AIR LIQUIDE S A A D R		2010-04-08	2014-01-15
	2. DBS GROUP HLDGS LTD		2011-07-21	2014-01-15
	3. FANUC CORPORATION A D R		2013-10-17	2014-01-15
	3. OAO GAZPROM SPON A D R		2013-02-05	2014-01-15
	6. SONOVA HOLDING UNSPON ADR		2011-03-29	2014-01-15
	4. SWATCH GROUP AG A D R		2010-09-22	2014-01-15
	1. TESCO PLC A D R		2010-04-08	2014-01-15
	3355.705 TFS MARKET NEUTRAL FUND		2011-05-13	2014-01-31
	6000. IPATH GSCI TOTAL RETURN		2013-03-28	2014-02-04
	4985.045 T ROWE PRICE INTL BOND FUND		2010-11-24	2014-02-05
	. AMBAC FINANCIAL GROUP INC			2014-02-18
	355. OAO GAZPROM SPON A D R		2013-02-05	2014-03-06
	9. NOKIAN TYRES OYJ UNSPON A D R		2014-01-15	2014-03-17
	212. NOKIAN TYRES OYJ UNSPON A D R		2012-06-29	2014-03-17
	3417.635 ABERDEEN FDS EMRGN		2011-05-13	2014-04-01
	1578.86 NUVEEN DIVIDEND VALUE FUND CLASS I		2010-06-01	2014-04-23
	26844.976 NUVEEN INTL SELECT FD CL I		2010-11-24	2014-04-23
	8141.113 ABERDEEN FDS EMRGN		2011-05-13	2014-04-28
	40000. RBC 3M GME RX MTN CV 7.750% 5/09/14		2014-02-06	2014-05-09
	40000. RBC 3M IRM RX MTN CV10.750% 5/09/14		2014-02-06	2014-05-09
	43. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2012-05-04	2014-05-15
	55. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2011-05-24	2014-05-19
	.1 ITAU UNIBANCO HOLDINGS SA A D R		2010-05-28	2014-07-01
	16. BUNGE LIMITED COM		2013-02-15	2014-07-14
	7194.245 NUVEEN GLOBAL INFRASTR FD CL I		2014-04-23	2014-07-21
	4602.992 NUVEEN GLOBAL INFRASTR FD CL I		2012-05-17	2014-07-21
	.9 AIR LIQUIDE S A A D R		2010-04-08	2014-07-24
	224. TESCO PLC A D R		2011-11-07	2014-08-07
	40000. RBC 3M GME RX MTN CV 8.400% 8/27/14		2014-05-22	2014-08-27
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,513	3,363	150
b	4,410	5,844	-1,434
c	1,549	981	568
d	1,329	1,049	280
e	1,216	935	281
	634	705	-71
	2,282	2,447	-165
	42,528	16,911	25,617
	44,919	1,413	43,506
	5,350	3,026	2,324
	1,973	3,600	-1,627
	54	41	13
	109	101	8
	85	87	-2
	25	28	-3
	161	118	43
	121	75	46
	16	20	-4
	49,866	51,879	-2,013
	191,479	201,480	-10,001
	47,707	49,908	-2,201
	64		64
	2,402	3,901	-1,499
	176	220	-44
	4,149	4,640	-491
	50,342	49,385	957
	26,856	17,469	9,387
	275,966	252,622	23,344
	120,488	117,639	2,849
	40,976	40,000	976
	41,426	40,000	1,426
	3,248	2,478	770
	1,774	1,754	20
	1	1
	1,185	1,199	-14
	85,827	80,000	5,827
	54,914	40,000	14,914
	24	17	7
	2,759	4,489	-1,730
	40,817	40,000	817
			122,239

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			150
b			-1,434
c			568
d			280
e			281
			-71
			-165
			25,617
			43,506
			2,324
			-1,627
			13
			8
			-2
			-3
			43
			46
			-4
			-2,013
			-10,001
			-2,201
			64
			-1,499
			-44
			-491
			957
			9,387
			23,344
			2,849
			976
			1,426
			770
			20

			-14
			5,827
			14,914
			7
			-1,730
			817

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	235,134
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2012	286,242	5,863,175	0.04882
2011	259,416	5,455,058	0.047555
2010	257,753	5,499,414	0.046869
2009	256,417	5,051,720	0.050758
2008	203,341	4,297,162	0.04732

2	Total of line 1, column (d) ......................	2	0.241322
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	0.048264
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	6,128,236
5	Multiply line 4 by line 3.......................	5	295,773
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,383
7	Add lines 5 and 6.........................	7	299,156
8	Enter qualifying distributions from Part XII, line 4..............	8	290,641
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2013)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,766
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	6,766
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	6,766
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	1,260
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	5,444
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,704
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	62
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSN Telephone no. bullet

(612) 303-3259

Located at bullet

800 NICOLLETT MALL BC-MN-H16AMINNEAPOLISMN ZIP+4 bullet

554027020

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

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

16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the

foreign country bullet

Form 990-PF (2013)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2013?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2013, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2013?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2013.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

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

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

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

Form 990-PF (2013)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
US BANK NATIONAL ASSOCATION	CORP TRUSTEE 8	72,597
101 EAST FIFTH STREET ST PAUL,MN55101	CORP TRUSTEE 8	72,597

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2013)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

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

purposes:

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

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

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

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

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

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

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

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

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

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

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

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

Part XI

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

and do not complete this part.)

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

306,412

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

6,766

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

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

6,766

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

299,646

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

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

299,646

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

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

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

299,646

Part XII

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2013)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2012	(c) 2012	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7					299,646
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......				2,702
b Total for prior years:2011, 20, 20			0
3 Excess distributions carryover, if any, to 2013:
a From 2008.......	0
b From 2009.......	0
c From 2010.......	0
d From 2011.......	0
e From 2012.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2013 from Part
XII, line 4: $ 290,641
a Applied to 2012, but not more than line 2a				2,702
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.....					287,939
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 ..........					11,707
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2008 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2009....	0
b Excess from 2010....	0
c Excess from 2011....	0
d Excess from 2012....	0
e Excess from 2013....	0

Form 990-PF (2013)

Page 9

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2013, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2013	(b) 2012	(c) 2011	(d) 2010	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NOT APPLICABLE

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.

NOT APPLICABLE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number 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)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARCHDIOCESE OF SAINT PAUL AND MINNEAPOLIS 226 SUMMIT AVENUE SAINT PAUL,MN55102	NONE	N/A	GENERAL	13,660
REV OBLATE FATHERS INC ATTN ROBERT MOOSBRUGGER 391 MICHIGAN AVE NE WASHINGTON,DC20017	NONE	N/A	GENERAL	81,962
DIOCESE OF MIAMI 6301 BISCAYNE BOULEVARD MIAMI,FL33138	NONE	N/A	GENERAL	27,321
MAYO FOUNDATION 200 SOUTHWEST FIRST ST ROCHESTER,MN55901	NONE	N/A	GENERAL	81,962
THE MINNESOTA FOUNDATION 55 5TH ST E STE 600 SAINT PAUL,MN551011718	NONE	N/A	GENERAL	68,302
Total ................................. 3a				273,207

bApproved for future payment

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

Form 990-PF (2013)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	94
4 Dividends and interest from securities....			14	165,233
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	235,134
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEDERAL TAX REFUND			14	2,695
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				403,156

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

13403,156

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
8	0

Form 990-PF (2013)

Page 12

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2013 InvestmentsCorpBondsSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Name of Bond	End of Year Book Value	End of Year Fair Market Value
NUVEEN INFLATION PRO SEC	102,341	121,645
NUVEEN HIGH INCOME BOND FD	188,842	192,360
NUVEEN CORE PLUS BOND CL I	54,841	59,063
T ROWE PRICE INTL BD FD
DRIEHAUS ACTIVE INCOME FUND	147,000	139,559
NUVEEN STRATEGIC INCOME I	82,258	102,978
JPM 6M BBY RX	25,000	25,328
BARC 3M LULU RX	30,000	30,000
BARC 3Y GSCI BR	160,000	160,000
BARC 5Y 3MI F2F	100,000	99,050

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALCOA INC	83,060	33,220
DOW CHEM CO	15,854	160,650
EMERSON ELEC CO		128,040
GENERAL ELEC CO	148,825	90,930
TARGET CORP	6,010	90,105
ABBOTT LABS	6,931	84,480
JOHNSON & JOHNSON	36,811	103,730
PEPSICO	58,690	92,490
EXXON MOBIL CORP	2,826	99,460
3M CO	6,642	180,000
AMERICAN EXPRESS CO	77,025	179,100
XCEL ENERGY INC	17,503	92,945
ANADARKO PETE CORP	28,850	146,497
APACHE CORP	32,182	91,647
PROCTER & GAMBLE	21,588	132,976
NUVEEN INTERNATIONAL SELECT FD
NUVEEN MID CAP GRWTH OP FD	231,500	297,652
NUVEEN REAL ESTATE SEC FD	184,019	244,582
NUVEEN SMALL CAP SELECT FD	229,663	265,079
ECOLAB INC	25,367	68,892
CAMERON INTL CORP	45,930	148,660
AMERICA MOVIL S A DE C V A D R	38,600	49,020
AT&T INC	14,809	139,840
INTERNATIONAL BUSINESS MACHINE	41,250	96,150
BOEING CO	22,088	38,040
UNITED TECHNOLOGIES CORP	20,198	32,394
ARM HLDGS PLC A D R	2,698	7,716
ATLAS COPCO AB SPONS A D R	3,184	5,770
BG GROUP P L C A D R	6,351	6,910
BUNGE LIMITED	4,647	6,010
COCHLEAR LTD UNSPON A D R	3,917	4,038
CSL LIMITED A D R	2,717	6,502
DASSAULT SYSTEMES SA A D R	5,626	12,408
DBS GROUP HLDGS LTD	4,365	5,461
FANUC LTD	7,268	9,990
FRESENIUS ME CARE AKTIENGESELL	3,765	4,747
I C I C I BANK LIMITED A D R	6,631	8,453
IMPERIAL OIL LTD	6,714	8,360
ITAU UNICANCO HOLDINGS SA ADR	9,412	12,294
LONZA GROUP AG UNSPON A D R
LOREAL CO UNSPONS A D R	5,308	8,311
LVMH MOET HENNESSY LOU VUITT	2,498	3,778
MTN GROUP LTD A D R	5,359	6,811
NESTLE SA SPONS A D R	8,550	13,420
NOVO NORDISK AS A D R	5,399	6,710
OAO GAZPROM SPON A D R
PETROLEO BRASILEIRO SPON A D R
ROCHE HLDG LTD A D R	6,212	11,318
SAP AG A D R	5,762	9,274
SASOL LTD SPONS A D R	2,571	3,456
SCHLUMBERGER LTD	5,335	8,881
SCHNEIDER ELECT SA UNSP ADR	6,361	8,139
TAIWAN SEMICONDUCTOR ADR	9,512	13,862
TESCO PLC A D R
UNICHARM CORP A D R	5,388	8,574
UNILEVER PLC SPSD ADR	2,727	3,965
WPP PLC SPONS ADR	5,713	11,116
AIR LIQUIDE SA ADR	7,459	10,356
ALLIANZ SE A D R	8,290	11,108
CANADIAN NATL RY CO	4,205	8,551
JGC CORP UNSPONSORED A D R	7,381	7,117
SWATCH GROUP AG A D R	2,766	4,006
SONOVA HOLDING UNSPON ADR	2,413	4,589
ABERDEEN FDS EMRGN	317,976	353,185
GOLDMAN SACHS M C VALUE CL	200,000	252,484
HIGHLAND LONG SHORT EQUITY Z	200,000	221,220
TFS MARKET NEUTRAL FUND	148,121	146,971
SCOUT INTERNATIONAL FUND	200,000	215,012
TURKIYE GARANTI BANKASI AS ADR	7,259	5,254
XINYL GLASS HOLDINGS LTS A D R	1,208	1,324
SYSMEX CORP UNSPON A D R	4,494	8,473
SVENSKA HANDELSBANKEN A UNSP A	2,599	3,643
NOKIAN TYRES OYJ UNSPON A D R
NUVEEN DIVIDEND VALUE FUND CLA
NUVEEN GLOBAL INFRASTR FD CL I
AIA GROUP LTD ADR	6,661	10,178
ANHEUSER BUSCH INBEV NV ADR	5,203	7,936
ABBVIE INC	7,516	110,560
POTASH CORP OF SASKATCHEWAN
FORWARD INTERNATIONAL REAL EST	226,943	231,038
IPATH FSCI TOTAL RETURN
BAIDU COM INC A D R	1,649	3,861
BANCO CILBAO VIZCAYA ARGEN ADR	5,042	6,211
BAYERISCHE MOTOREN WERKE UNSP	6,806	7,943
HONG KONG EXCHANGES A D R	3,778	5,333
MATTHEWS ASIA GROWTH FUND IS	250,000	250,558
RIVERPARK WEDGEWOOD FUND	225,000	237,220
FUCHS PETROLUB SE PREF ADR	3,400	2,734
SYMRISE AG UNSPON ADR	3,671	3,562
MONOTARO CO LTD UNSP ADR	1,651	1,979
ENN ENERGY HOLDINGS LTD ADR	3,369	3,372
SANDS CHINA LTD UNSPONS ADR	6,633	5,378
MITSUBISHI ESTATE LTD ADR	5,268	4,083

- TIN:

TY 2013 InvestmentsGovtObligationsSch

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

13,903

State & Local Government Securities - End of Year Fair Market Value:

16,731

- TIN:

TY 2013 LegalFeesSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,833			2,833

- TIN:

TY 2013 OtherAssetsSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUAL	1,957	0	0

- TIN:

TY 2013 OtherExpensesSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NONALLOCABLE EXPENSES -	285	285		0
FILING FEES	82	0		82

- TIN:

TY 2013 OtherIncomeSchedule2

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	2,695	0

- TIN:

TY 2013 OtherIncreasesSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Description	Amount
MUTUAL FUND TIMING DIFFERENCE	833
RETURN OF CAPITAL	102
ROUNDING	1

- TIN:

TY 2013 TaxesSchedule

Name:

AUGUSTUS H KENNEDY MEM FUND TR 25276380

EIN: 41-1328800

Category	Amount	Net Investment Income
FOREIGN TAXES	1,135	1,135
FEDERAL TAX	945	0
FOREIGN TAXES ON QUALIFIED FOR	1,650	1,650
FOREIGN TAXES ON NONQUALIFIED	992	992