TY 2014 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.
bullet

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

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
LAHTI FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 75000 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482757874

A Employer identification number

20-2988335

B Telephone number (see instructions)

(612) 215-3602

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

$2,157,699J 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
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	44,534		44,534
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		138,934
b	Gross sales price for all assets on line 6a 954,031
7	Capital gain net income (from Part IV, line 2)...			138,934
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).......		602
12	Total. Add lines 1 through 11........	184,070		183,468
13	Compensation of officers, directors, trustees, etc.	11,978		10,780		1,198
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		900	450		450
c	Other professional fees (attach schedule)....		28,346	28,346		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,734	717		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).......		190	80		110
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	45,148		40,373	0	1,758
25	Contributions, gifts, grants paid........	107,000				107,000
26	Total expenses and disbursements. Add lines 24 and 25	152,148		40,373	0	108,758
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	31,922
b	Net investment income (if negative, enter -0-)			143,095
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	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..........	60,598	74,174	74,174
	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)	272,130
	b	Investments—corporate stock (attach schedule)........	973,097	1,008,641	1,296,205
	c	Investments—corporate bonds (attach schedule)........	508,905	764,370	787,320
	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 )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,814,730	1,847,185	2,157,699
	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.........	1,814,730	1,847,185
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	1,814,730	1,847,185
	31	Total liabilities and net assets/fund balances (see instructions)..	1,814,730	1,847,185

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	1,814,730
2	Enter amount from Part I, line 27a.....................	2	31,922
3	Other increases not included in line 2 (itemize)	3	533
4	Add lines 1, 2, and 3..........................	4	1,847,185
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	1,847,185

Form 990-PF (2014)

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	4. AEROVIRONMENT INC		2013-06-17	2014-01-02
b	12. AEROVIRONMENT INC		2013-06-17	2014-01-03
c	20. ALLSCRIPTS HEALTHCARE SOLUTIONS		2012-05-02	2014-01-03
d	10. ALTRA HLDGS INC		2010-03-25	2014-01-03
e	50. AMKOR TECHNOLOGY INC		2011-09-06	2014-01-03
	20. DFC GLOBAL CORP		2009-12-01	2014-01-03
	15. DEMAND MEDIA INC COM		2013-05-16	2014-01-03
	15. EARTHLINK HLDGS CORP		2013-03-25	2014-01-03
	15. ENTROPIC COMMUNICATIONS INC		2012-05-16	2014-01-03
	35. ICAP PLC ADR		2013-08-14	2014-01-03
	15. INTERNATIONAL RECTIFIER CORP		2009-05-11	2014-01-03
	15. M D C HLDGS INC		2012-08-10	2014-01-03
	10. MYR GROUP INC DEL		2013-03-22	2014-01-03
	25. NXSTAGE MED INC		2013-02-08	2014-01-03
	61. PORSCHE AUTOMOBIL HLDG SE ADR		2013-08-14	2014-01-03
	35. SWS GROUP INC		2008-02-13	2014-01-03
	10. VERIFONE HLDGS INC		2013-10-02	2014-01-03
	10. METLIFE INC		2008-10-09	2014-01-06
	5. METLIFE INC		2008-10-09	2014-01-07
	13000. UNITED STATES TREASURY DTD 00353 .75% 0		2013-06-25	2014-01-07
	11. ADVANCE AUTO PARTS		2013-04-02	2014-01-09
	35. AMERICAN EXPRESS CO		2010-10-05	2014-01-09
	53. GLOBAL PAYMENTS INC		2010-11-17	2014-01-09
	7. GOOGLE INC CL A		2012-01-26	2014-01-09
	93. TAIWAN SEMICONDUCTOR SPON ADR		2013-11-18	2014-01-09
	15000. WELLS FARGO COMPANY 4.6% 04/01/2021		2012-08-09	2014-01-09
	33. DIGITAL REALTY TRUST INC (REIT)		2011-03-22	2014-01-10
	37. DIGITAL REALTY TRUST INC (REIT)		2013-10-23	2014-01-10
	30. NXSTAGE MED INC		2013-02-08	2014-01-13
	7000. US TREAS BDS INFL IX 1.75% 01/15/2028		2010-12-14	2014-01-14
	14000. UNITED STATES TREASURY DTD 00363 2.125%		2011-11-02	2014-01-14
	1000. UNITED STATES TREASURY DTD 00363 2.125%		2013-10-29	2014-01-14
	30. MOSAIC CO NEW		2012-06-05	2014-01-15
	15000. US TREAS BDS INFL IX .5% 04/15/2015		2010-05-13	2014-01-15
	36. FOSTER WHEELER AG		2011-06-23	2014-01-16
	28. MICROSOFT CORP		2011-08-15	2014-01-21
	13. HUBBELL INC CL B		2011-09-12	2014-01-22
	1163. BOMBARDIER INC CL B SUBORD VTG		2013-10-09	2014-01-23
	95. AMERICAN EXPRESS CO		2010-10-05	2014-01-27
	46. VISA INC CL A		2009-07-29	2014-01-27
	89. INLAND REAL ESTATE CORP (REIT)		2013-05-08	2014-01-28
	43. PFIZER INC		2010-04-14	2014-01-30
	5. BRISTOW GROUP INC		2006-05-03	2014-01-31
	40. CANADIAN NATURAL RESOURCES LTD ADR		2012-03-20	2014-01-31
	5. DRIL-QUIP INC		2006-07-12	2014-01-31
	5. ENPRO INDUSTRIES INC		2010-10-12	2014-01-31
	10. PORTFOLIO RECOVERY ASSOCIATE		2007-05-31	2014-01-31
	41. CANADIAN NATURAL RESOURCES LTD ADR		2010-01-26	2014-02-03
	8000. DOW CHEMICAL CO NT 3% 11/15/2022-2022		2013-04-19	2014-02-03
	30. HITACHI LTD 10 COM ADR		2013-10-14	2014-02-04
	8. SVB FINL GROUP		2010-10-15	2014-02-04
	186. TESCO PLC SPONSORED ADR		2013-08-14	2014-02-04
	150. DFC GLOBAL CORP		2009-12-01	2014-02-06
	6. ADVANCE AUTO PARTS		2013-04-02	2014-02-07
	29. BANKUNITED INC COM		2013-10-16	2014-02-07
	55. TAL INTL GROUP INC		2013-02-21	2014-02-10
	69. ACCOR S A ADR		2013-08-14	2014-02-11
	50. BANCO BILBAO VIZCAYA SP ADR		2013-08-14	2014-02-11
	21. CAP GEMINI S A ADR		2013-08-14	2014-02-11
	204. SONY FINL HLDGS INC ADR		2013-08-14	2014-02-11
	27. DR PEPPER SNAPPLE GROUP		2008-08-12	2014-02-14
	35. SIGNET JEWELERS LTD		2010-05-19	2014-02-14
	325. ALLSCRIPTS HEALTHCARE SOLUTIONS		2012-05-02	2014-02-19
	40. COGNIZANT TECHNOLOGY SOLUTIONS		2012-05-08	2014-02-21
	25. GILEAD SCIENCES INC		2010-06-14	2014-02-21
	155. MONSTER BEVERAGE CORP		2012-10-25	2014-02-21
	7. PACCAR INC		2011-09-07	2014-02-21
	25. VARIAN MEDICAL SYSTEMS INC		2012-04-27	2014-02-21
	20. GARMIN LTD		2013-01-10	2014-02-21
	22. GARMIN LTD		2013-02-21	2014-02-21
	60. TREX COMPANY INC		2013-05-08	2014-02-24
	92. AISIN SEIKI CO LTD ADR		2013-11-25	2014-02-28
	20. ANGLOGOLD LTD ADR		2011-01-13	2014-02-28
	27. VERIZON COMMUNICATIONS		2014-02-26	2014-02-28
	23. ANGLOGOLD LTD ADR		2011-01-14	2014-03-03
	47. CLEAN HARBORS INC		2013-07-30	2014-03-04
	25. KBR INC		2013-10-23	2014-03-04
	27. GARMIN LTD		2013-04-22	2014-03-04
	25. GARMIN LTD		2013-02-21	2014-03-04
	235. ASAHI CHEM IND UNSPON ADR		2013-08-14	2014-03-05
	525. RF MICRO DEVICES INC		2014-01-03	2014-03-05
	.878 VERIZON COMMUNICATIONS		2014-02-26	2014-03-05
	5. CA INC		2004-08-13	2014-03-10
	59. DBS GROUP HLDGS LTD SPONSORED ADR		2013-08-14	2014-03-12
	13. MITSUI & CO LTD ADR		2013-08-14	2014-03-12
	.818 VODAFONE GROUP PLC ADR		2013-08-14	2014-03-12
	20. ENPRO INDUSTRIES INC		2010-10-12	2014-03-13
	7000. UNITED STATES TREASURY DTD 00353 .75% 0		2013-06-25	2014-03-13
	4. ACCOR S A ADR		2013-08-14	2014-03-17
	5. AIRBUS GROUP ADR		2013-08-14	2014-03-17
	5. AMERICA MOVIL ADR SERIES L		2013-08-14	2014-03-17
	5. AXA-UAP SPON ADR ONE ADR REPRESENTS 1/2 SHR		2013-08-14	2014-03-17
	1. BAE SYSTEMS PLC		2014-02-04	2014-03-17
	7. BARCLAYS PLC ADR		2013-08-14	2014-03-17
	1. CAP GEMINI S A ADR		2013-08-14	2014-03-17
	17. DEUTSCHE BOERSE ADR		2013-08-14	2014-03-17
	3. GEA GROUP AG ADR		2013-08-14	2014-03-17
	3. HEINEKEN N V ADR SPONSORED ADR LEVEL 1		2013-08-14	2014-03-17
	6. ICAP PLC ADR		2013-08-14	2014-03-17
	8. IPSEN S A SPONSORED ADR		2013-11-25	2014-03-17
	14. JULIUS BAER GROUP LTD ADR		2013-08-14	2014-03-17
	3. KAO CORP-SPONSORED ADR		2013-08-14	2014-03-17
	4. KOMATSU LTD ADR		2013-08-14	2014-03-17
	3. KONINKLIJKE (ROYAL) PHILIPS ELECTRONICS NY SHR		2013-08-27	2014-03-17
	2. LVMH MOET HENNESSY LOUIS VUITTON ADR		2013-08-14	2014-03-17
	5. MITSUBISHI ESTATE LTD ADR		2013-08-14	2014-03-17
	5. NIPPON T & T CORP ADR		2013-12-12	2014-03-17
	1. NOVARTIS A G ADR		2013-08-14	2014-03-17
	5. OTSUKA HLDGS CO LTD ADR		2014-01-09	2014-03-17
	8. PORSCHE AUTOMOBIL HLDG SE ADR		2013-08-14	2014-03-17
	5. REPSOL S A SPON ADR		2013-08-14	2014-03-17
	2. ROCHE HLDG LTD SPON ADR		2013-08-14	2014-03-17
	6. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2014-03-17
	11. ROYAL PTT NEDERLAND SPONSORED ADR		2014-01-29	2014-03-17
	1. SAP AG SPONSORED ADR SAP AKTIENGESELLSCHAFT		2013-08-14	2014-03-17
	2. SCHLUMBERGER LTD		2013-08-14	2014-03-17
	8. SECOM LTD		2013-08-14	2014-03-17
	2. SONY CORP AMERN SH NEW ADR		2014-02-11	2014-03-17
	11. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2013-10-16	2014-03-17
	4. SUNCOR ENERGY INC NEW		2013-08-14	2014-03-17
	2. SUNTORY BEVERAGE & FOOD LTD U ADR		2014-02-11	2014-03-17
	5. TAIWAN SEMICONDUCTOR SPON ADR		2013-11-18	2014-03-17
	3. TECHNIP COFLEXIP ADR		2013-08-14	2014-03-17
	1. TORAY INDUSTRIES INC ADR		2013-11-25	2014-03-17
	9000. UNITED STATES TREASURY DTD 00353 .75% 0		2013-06-28	2014-03-17
	1. WPP PLC NEW ADR		2013-08-14	2014-03-17
	2. WILLIAM HILL PLC ADR		2014-03-12	2014-03-17
	3. DAIMLERCHRYSLER AG		2013-08-14	2014-03-17
	1. CHECK POINT SOFTWARE TECH		2013-08-14	2014-03-17
	5. ACI WORLDWIDE INC		2012-11-01	2014-03-18
	5. ALLEGIANT TRAVEL CO		2010-04-14	2014-03-18
	5. ANIXTER INTERNATIONAL INC		2011-03-08	2014-03-18
	10. ASPEN TECHNOLOGY INC		2013-03-01	2014-03-18
	10. CACI INTL INC CL A		2012-01-30	2014-03-18
	10. CENTURY ALUMINUM CO		2011-07-18	2014-03-18
	20. CHILDRENS PLACE RETAIL STS INC		2010-10-27	2014-03-18
	10. DELUXE CORPORATION		2008-11-11	2014-03-18
	15. HAWAIIAN ELECTRIC INDS INC		2010-03-17	2014-03-18
	10. HORNBECK OFFSHORE SERVICES		2012-01-17	2014-03-18
	10. INTERNATIONAL RECTIFIER CORP		2009-05-11	2014-03-18
	10. NAVIGANT CONSULTING CO		2012-04-13	2014-03-18
	50. SWS GROUP INC		2008-02-13	2014-03-18
	17. TEVA PHARMACEUTICAL INDUSTRIES LTD (ISRAEL) ADR		2011-06-08	2014-03-19
	26. DR PEPPER SNAPPLE GROUP		2008-08-12	2014-03-25
	99. KBR INC		2014-01-16	2014-03-25
	148. KOMATSU LTD ADR		2013-08-14	2014-03-25
	48. FOSTER WHEELER AG		2013-03-21	2014-03-25
	375. SWS GROUP INC		2011-02-25	2014-03-27
	13. COLFAX CORP		2012-04-03	2014-03-31
	10. ANGLOGOLD LTD ADR		2008-04-22	2014-04-08
	5. SANOFI-SYNTHELABO ADR		2007-08-03	2014-04-08
	19000. UNITED STATES TREASURY DTD 00353 .75% 0		2014-01-30	2014-04-08
	20. ANGLOGOLD LTD ADR		2010-02-25	2014-04-09
	52. SANOFI-SYNTHELABO ADR		2010-05-04	2014-04-09
	29. TRINITY INDS INC		2012-11-09	2014-04-09
	10. BE AEROSPACE INC		2012-08-13	2014-04-10
	34000. UNITED STATES TREASURY DTD 00363 2.125%		2011-11-02	2014-04-10
	20. VALERO ENERGY CORP		2013-11-13	2014-04-11
	49. FOSTER WHEELER AG		2013-03-21	2014-04-11
	11. ANGLOGOLD LTD ADR		2010-02-25	2014-04-14
	10. VALERO ENERGY CORP		2013-11-13	2014-04-14
	32. CENTURYTEL INC		2013-06-11	2014-04-15
	42. FLIR SYS INC		2013-08-01	2014-04-15
	16. FAMILY DOLLAR STORES		2012-04-10	2014-04-15
	130. GILEAD SCIENCES INC		2010-06-14	2014-04-15
	16. HUBBELL INC CL B		2011-09-12	2014-04-15
	8. VALERO ENERGY CORP		2013-11-11	2014-04-15
	81. FOSTER WHEELER AG		2013-03-21	2014-04-15
	27. CANADIAN NATURAL RESOURCES LTD ADR		2010-01-26	2014-04-17
	29. PETSMART INC		2010-04-05	2014-04-17
	50. VALERO ENERGY CORP		2013-11-11	2014-04-17
	120. BARRICK GOLD CORP		2013-02-01	2014-04-21
	14. BARRICK GOLD CORP		2004-08-13	2014-04-22
	48. SAP AG SPONSORED ADR SAP AKTIENGESELLSCHAFT		2013-09-16	2014-04-22
	20. ROCK-TENN CO CL A		2013-02-19	2014-04-23
	5. ROCK-TENN CO CL A		2014-01-09	2014-04-23
	1. ACCOR S A ADR		2013-08-14	2014-04-28
	1. AEGON NV ORD AMER REG		2014-04-22	2014-04-28
	1. AMERICA MOVIL ADR SERIES L		2013-08-14	2014-04-28
	1. BAE SYSTEMS PLC		2014-02-04	2014-04-28
	1. BANCO BILBAO VIZCAYA SP ADR		2014-03-05	2014-04-28
	1. CAP GEMINI S A ADR		2013-08-14	2014-04-28
	2. DEUTSCHE BOERSE ADR		2013-08-14	2014-04-28
	1000. EBAY INC NT 4% 07/15/2042		2012-08-29	2014-04-28
	1. HEINEKEN N V ADR SPONSORED ADR LEVEL 1		2013-08-14	2014-04-28
	1. IPSEN S A SPONSORED ADR		2013-11-25	2014-04-28
	1. JULIUS BAER GROUP LTD ADR		2013-08-14	2014-04-28
	1. KAO CORP-SPONSORED ADR		2013-08-14	2014-04-28
	1. NOVARTIS A G ADR		2013-08-14	2014-04-28
	1. OTSUKA HLDGS CO LTD ADR		2014-01-09	2014-04-28
	1. PORSCHE AUTOMOBIL HLDG SE ADR		2013-08-14	2014-04-28
	1. REPSOL S A SPON ADR		2013-08-14	2014-04-28
	1. ROCHE HLDG LTD SPON ADR		2013-08-14	2014-04-28
	1. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2014-04-28
	2. ROYAL PTT NEDERLAND SPONSORED ADR		2014-01-29	2014-04-28
	1. SONY CORP AMERN SH NEW ADR		2014-03-25	2014-04-28
	2. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2013-10-16	2014-04-28
	1. SUNTORY BEVERAGE & FOOD LTD U ADR		2014-02-11	2014-04-28
	1. TORAY INDUSTRIES INC ADR		2013-11-25	2014-04-28
	1. CHECK POINT SOFTWARE TECH		2013-08-14	2014-04-28
	9. APPLE COMPUTER INC		2012-12-18	2014-04-29
	26. BERKSHIRE HATHAWAY CL B		2011-01-13	2014-04-29
	98. CAP GEMINI S A ADR		2013-08-14	2014-04-30
	66. CUMMINS ENGINE INC		2012-06-11	2014-04-30
	17. KAO CORP-SPONSORED ADR		2013-08-14	2014-04-30
	200. LINCOLN EDL SVCS CORP		2011-02-24	2014-04-30
	74. PFIZER INC		2010-04-14	2014-04-30
	8. SCHLUMBERGER LTD		2013-08-14	2014-04-30
	33. TAIWAN SEMICONDUCTOR SPON ADR		2013-11-18	2014-04-30
	30. APPLIED MATLS INC		2012-12-28	2014-05-01
	20. HARTFORD FINL SERVICES GROUP INC		2009-12-22	2014-05-01
	5000. RIO TINTO 8.95% 05/01/2014		2013-05-30	2014-05-01
	8. APPLIED MATLS INC		2012-12-28	2014-05-02
	9. HARTFORD FINL SERVICES GROUP INC		2009-12-22	2014-05-02
	25. METRO AG ADR		2013-10-03	2014-05-05
	725. AMKOR TECHNOLOGY INC		2011-09-06	2014-05-06
	55. METRO AG ADR		2013-10-07	2014-05-06
	160. TETRA TECH INC NEW		2013-07-16	2014-05-06
	6. APPLE COMPUTER INC		2013-01-24	2014-05-07
	19. BERKSHIRE HATHAWAY CL B		2011-01-13	2014-05-07
	35. METRO AG ADR		2013-08-28	2014-05-07
	85. FTI CONSULTING INC		2010-07-07	2014-05-08
	67. APPLIED MATLS INC		2012-12-31	2014-05-09
	54. CONSOL ENERGY INC		2013-02-13	2014-05-14
	8000. CREDIT SUISSE MEDIUM TERM SUB NT 5.4% 01		2011-09-22	2014-05-14
	21000. UNITED STATES TREASURY 1.625% 01/15/201		2009-08-21	2014-05-15
	23. FAMILY DOLLAR STORES		2013-01-08	2014-05-19
	22. THOR IND INC		2013-07-25	2014-05-19
	5. CENTURYTEL INC		2013-06-10	2014-05-22
	20. CENTURYTEL INC		2013-06-10	2014-05-23
	17. CENTURYTEL INC		2013-06-12	2014-05-27
	18. ADVANCE AUTO PARTS		2013-04-02	2014-05-28
	145. TECHNIP COFLEXIP ADR		2013-12-12	2014-05-28
	86. NIPPON T & T CORP ADR		2013-12-12	2014-06-05
	.75 NOW INC		2011-09-22	2014-06-10
	.125 TIME INC NEW		2014-01-30	2014-06-10
	31. CONSOL ENERGY INC		2012-03-08	2014-06-12
	5000. UNITED STATES TREASURY DTD 00353 .75% 0		2014-01-30	2014-06-15
	47. ABBVIE INC		2014-06-16	2014-06-20
	5. APACHE CORP		2013-05-20	2014-06-23
	253. ICAP PLC ADR		2013-08-14	2014-06-23
	18. SUNCOR ENERGY INC NEW		2013-08-14	2014-06-23
	11. DAIMLERCHRYSLER AG		2013-08-14	2014-06-23
	23. CANADIAN NATURAL RESOURCES LTD ADR		2009-11-20	2014-06-24
	90. EMPLOYERS HLDGS INC		2013-08-29	2014-06-27
	23. ADVANCE AUTO PARTS		2013-03-21	2014-06-30
	38. BROADRIDGE FINL SOLUTIONS INC		2012-06-29	2014-06-30
	55. EMPLOYERS HLDGS INC		2013-08-29	2014-06-30
	10. GENERAL MTRS CO		2011-02-15	2014-06-30
	14. TIMKEN CO		2012-07-30	2014-06-30
	3. GENERAL MTRS CO		2011-02-15	2014-07-01
	12.75 TIME INC NEW		2010-10-14	2014-07-01
	1.25 TIME INC NEW		2014-01-30	2014-07-01
	15. OASIS PETE INC NEW		2013-11-05	2014-07-08
	24. TIMKEN CO		2012-07-30	2014-07-08
	19. TUPPERWARE CORP		2012-06-28	2014-07-08
	90. APPLE COMPUTER INC		2013-01-24	2014-07-10
	855. PORTUGAL TELECOM SA SPONSORED ADR		2014-04-24	2014-07-11
	22. MICROSOFT CORP		2013-04-16	2014-07-14
	41. ROCKWOOD HLDGS INC		2013-07-12	2014-07-16
	26. TIME WARNER INC		2010-10-13	2014-07-16
	15. AMERICAN INTL GROUP INC		2013-01-14	2014-07-25
	25. HARTFORD FINL SERVICES GROUP INC		2009-12-22	2014-07-28
	23. THOR IND INC		2013-07-25	2014-07-29
	12. TUPPERWARE CORP		2014-03-11	2014-07-29
	13. ACCOR S A ADR		2013-08-14	2014-07-30
	15. AEGON NV ORD AMER REG		2014-04-22	2014-07-30
	8. AIRBUS GROUP ADR		2014-07-02	2014-07-30
	27. ALEXANDRIA REAL ESTATE EQUITIES, INC (REIT)		2012-06-07	2014-07-30
	5. AMERICA MOVIL ADR SERIES L		2013-08-14	2014-07-30
	5. AXA-UAP SPON ADR ONE ADR REPRESENTS 1/2 SHR		2013-08-14	2014-07-30
	4. BAE SYSTEMS PLC		2014-02-04	2014-07-30
	7. BG GROUP PLC SPON ADR		2014-04-30	2014-07-30
	16. BANCO BILBAO VIZCAYA SP ADR		2014-03-05	2014-07-30
	8. BARCLAYS PLC ADR		2013-08-14	2014-07-30
	3. BRITISH SKY BROADCASTING GROUP ADR		2014-07-25	2014-07-30
	5. DENSO CORPORATION ADR		2014-06-05	2014-07-30
	18. DEUTSCHE BOERSE ADR		2013-08-14	2014-07-30
	15. EQUIFAX INC		2012-12-04	2014-07-30
	3. GEA GROUP AG ADR		2013-08-14	2014-07-30
	3. HEINEKEN N V ADR SPONSORED ADR LEVEL 1		2013-08-14	2014-07-30
	2. HITACHI LTD 10 COM ADR		2013-08-19	2014-07-30
	11. IPSEN S A SPONSORED ADR		2013-11-25	2014-07-30
	15. JULIUS BAER GROUP LTD ADR		2013-08-14	2014-07-30
	3. KAO CORP-SPONSORED ADR		2013-08-14	2014-07-30
	4. KONINKLIJKE (ROYAL) PHILIPS ELECTRONICS NY SHR		2013-08-27	2014-07-30
	4. LVMH MOET HENNESSY LOUIS VUITTON ADR		2013-08-14	2014-07-30
	13. LEAR CORP		2010-05-13	2014-07-30
	15. LITHIA MTRS INC - CL A		2014-03-11	2014-07-30
	5. MITSUBISHI ESTATE LTD ADR		2013-08-14	2014-07-30
	4. NIPPON T & T CORP ADR		2013-08-14	2014-07-30
	1. NOVARTIS A G ADR		2013-08-14	2014-07-30
	9. OTSUKA HLDGS CO LTD ADR		2014-01-09	2014-07-30
	13. PORSCHE AUTOMOBIL HLDG SE ADR		2013-08-14	2014-07-30
	5. REPSOL S A SPON ADR		2013-08-14	2014-07-30
	3. ROCHE HLDG LTD SPON ADR		2013-08-14	2014-07-30
	6. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2014-07-30
	35. ROYAL PTT NEDERLAND SPONSORED ADR		2014-01-29	2014-07-30
	1. SCHLUMBERGER LTD		2013-08-14	2014-07-30
	8. SECOM LTD		2013-08-14	2014-07-30
	2. SEVEN & I HLDGS CO LTD ADR		2014-03-05	2014-07-30
	10. SONY CORP AMERN SH NEW ADR		2014-03-25	2014-07-30
	24. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2013-10-16	2014-07-30
	3. SUNCOR ENERGY INC NEW		2013-08-14	2014-07-30
	8. SUNTORY BEVERAGE & FOOD LTD U ADR		2014-02-11	2014-07-30
	7. TAIWAN SEMICONDUCTOR SPON ADR		2013-08-14	2014-07-30
	1. TORAY INDUSTRIES INC ADR		2013-11-25	2014-07-30
	18. TRINITY INDS INC		2012-11-09	2014-07-30
	9. UNIBAIL-RODAMCO SE ADR		2014-03-05	2014-07-30
	6. VODAFONE GROUP PLC ADR		2013-08-14	2014-07-30
	1. WPP PLC NEW ADR		2013-08-14	2014-07-30
	5. WILLIAM HILL PLC ADR		2014-03-12	2014-07-30
	2. DAIMLERCHRYSLER AG		2013-08-14	2014-07-30
	3. TRANSOCEAN LTD		2014-05-28	2014-07-30
	2. CHECK POINT SOFTWARE TECH		2013-08-14	2014-07-30
	5. ALLEGIANT TRAVEL CO		2010-04-14	2014-08-05
	17. APACHE CORP		2013-05-20	2014-08-05
	5. ASPEN TECHNOLOGY INC		2013-03-01	2014-08-05
	5. ATWOOD OCEANICS INC		2014-01-13	2014-08-05
	10. AXIALL CORP		2013-10-11	2014-08-05
	15. BIOSCRIP INC		2014-02-26	2014-08-05
	18. CANADIAN NATURAL RESOURCES LTD ADR		2009-11-20	2014-08-05
	10. CENTURY ALUMINUM CO		2011-07-18	2014-08-05
	5. HEXCEL CORP NEW		2009-04-16	2014-08-05
	32. INTERPUBLIC GROUP COS INC		2014-03-10	2014-08-05
	28. OFFICE DEPOT INC		2010-03-25	2014-08-05
	10. ROVI CORP		2012-07-26	2014-08-05
	16. WELLS FARGO & CO NEW		2004-08-13	2014-08-05
	56. HCC INS HLDGS INC		2010-05-14	2014-08-06
	96. KAO CORP-SPONSORED ADR		2013-09-16	2014-08-07
	76. DEMAND MEDIA INC		2013-05-16	2014-08-12
	25. CENTURYTEL INC		2013-06-12	2014-08-14
	4. ACCOR S A ADR		2013-08-14	2014-08-15
	5. AEGON NV ORD AMER REG		2014-04-22	2014-08-15
	3. AIRBUS GROUP ADR		2014-07-02	2014-08-15
	2. AMERICA MOVIL ADR SERIES L		2013-08-14	2014-08-15
	9. AMERICAN INTL GROUP INC		2013-01-14	2014-08-15
	2. AXA-UAP SPON ADR ONE ADR REPRESENTS 1/2 SHR		2013-08-14	2014-08-15
	2. BAE SYSTEMS PLC		2014-02-04	2014-08-15
	2. BG GROUP PLC SPON ADR		2014-04-30	2014-08-15
	6. BANCO BILBAO VIZCAYA SP ADR		2014-03-05	2014-08-15
	2. BARCLAYS PLC ADR		2013-09-26	2014-08-15
	1. BRITISH SKY BROADCASTING GROUP ADR		2014-07-25	2014-08-15
	7. CVS CORPORATION (DEL)		2011-02-04	2014-08-15
	20. CENTURYTEL INC		2013-08-08	2014-08-15
	2. DENSO CORPORATION ADR		2014-06-05	2014-08-15
	6. DEUTSCHE BOERSE ADR		2013-08-14	2014-08-15
	21. FORD MOTOR CO		2014-01-15	2014-08-15
	1. GEA GROUP AG ADR		2013-08-14	2014-08-15
	2. GOLDMAN SACHS GROUP INC		2010-08-26	2014-08-15
	12. HARTFORD FINL SERVICES GROUP INC		2011-11-15	2014-08-15
	1. HEINEKEN N V ADR SPONSORED ADR LEVEL 1		2013-08-14	2014-08-15
	1. HITACHI LTD 10 COM ADR		2013-08-19	2014-08-15
	4. IPSEN S A SPONSORED ADR		2013-11-25	2014-08-15
	5. JULIUS BAER GROUP LTD ADR		2013-08-14	2014-08-15
	1. KONINKLIJKE (ROYAL) PHILIPS ELECTRONICS NY SHR		2013-08-27	2014-08-15
	1. LVMH MOET HENNESSY LOUIS VUITTON ADR		2014-01-03	2014-08-15
	7. LOEWS CORP		2008-10-06	2014-08-15
	18. MICROSOFT CORP		2013-04-16	2014-08-15
	1. MITSUBISHI ESTATE LTD ADR		2013-08-14	2014-08-15
	2. NIPPON T & T CORP ADR		2013-08-14	2014-08-15
	1. NOVARTIS A G ADR		2013-08-14	2014-08-15
	11. ORACLE CORPORATION		2013-08-14	2014-08-15
	3. OTSUKA HLDGS CO LTD ADR		2014-01-09	2014-08-15
	1. PORSCHE AUTOMOBIL HLDG SE ADR		2014-08-07	2014-08-15
	3. RAYTHEON COMPANY		2011-08-16	2014-08-15
	2. REPSOL S A SPON ADR		2013-08-14	2014-08-15
	2. ROCHE HLDG LTD SPON ADR		2013-08-14	2014-08-15
	3. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2014-08-15
	12. ROYAL PTT NEDERLAND SPONSORED ADR		2014-01-29	2014-08-15
	1. SCHLUMBERGER LTD		2013-08-14	2014-08-15
	3. SECOM LTD		2013-08-14	2014-08-15
	1. SEVEN & I HLDGS CO LTD ADR		2014-03-05	2014-08-15
	4. SONY CORP AMERN SH NEW ADR		2014-03-25	2014-08-15
	9. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2013-10-16	2014-08-15
	1. SUNCOR ENERGY INC NEW		2013-08-14	2014-08-15
	3. SUNTORY BEVERAGE & FOOD LTD U ADR		2014-02-11	2014-08-15
	2. TAIWAN SEMICONDUCTOR SPON ADR		2013-08-14	2014-08-15
	5. TARGET CORP		2014-02-12	2014-08-15
	9. TESORO PETEROLEUM CORP		2014-04-15	2014-08-15
	1. TORAY INDUSTRIES INC ADR		2013-11-25	2014-08-15
	3. UNIBAIL-RODAMCO SE ADR		2014-03-05	2014-08-15
	5. UNION PACIFIC CORP		2004-08-13	2014-08-15
	14. UNUMPROVIDENT CORP		2010-09-15	2014-08-15
	2. VODAFONE GROUP PLC ADR		2013-08-19	2014-08-15
	1. WPP PLC NEW ADR		2013-08-14	2014-08-15
	2. WILLIAM HILL PLC ADR		2014-03-12	2014-08-15
	8. INGERSOLL-RAND PLC		2004-08-13	2014-08-15
	8. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-03	2014-08-15
	1. TRANSOCEAN LTD		2014-05-28	2014-08-15
	12. CENTURYTEL INC		2013-08-08	2014-08-18
	300. IPSEN S A SPONSORED ADR		2013-11-25	2014-08-18
	34. SEAWORLD ENTMT INC		2014-05-19	2014-08-18
	5. TESORO PETEROLEUM CORP		2014-04-15	2014-08-18
	60. TRINITY INDS INC		2012-11-09	2014-08-18
	11. TESORO PETEROLEUM CORP		2014-04-14	2014-08-19
	140. INTERNATIONAL RECTIFIER CORP		2009-05-11	2014-08-20
	8. SEVEN & I HLDGS CO LTD ADR		2014-03-05	2014-08-20
	25. SUNTORY BEVERAGE & FOOD LTD U ADR		2014-02-11	2014-08-20
	22. TIME WARNER INC		2010-10-13	2014-08-20
	6. CHECK POINT SOFTWARE TECH		2013-08-14	2014-08-20
	19. APPLE COMPUTER INC		2009-07-29	2014-08-21
	27. BERKSHIRE HATHAWAY CL B		2011-01-13	2014-08-21
	2000. DIRECTV HOLDINGS 3.8% 03/15/2022		2013-05-01	2014-08-21
	175. E M C CORP		2013-05-21	2014-08-21
	20. EXPRESS SCRIPTS HLDG CO		2011-09-12	2014-08-21
	2. GOOGLE INC CL C		2009-07-29	2014-08-21
	45. MEAD JOHNSON NUTRITION CO		2014-03-03	2014-08-21
	33. NOW INC		2011-09-22	2014-08-21
	50. SCHLUMBERGER LTD		2012-06-04	2014-08-21
	20. TESORO PETEROLEUM CORP		2014-04-14	2014-08-21
	17000. UNITED STATES TREASURY DTD 00363 2.125%		2011-11-02	2014-08-21
	3000. UNITED STATES TREASURY DTD 00363 2.125%		2014-05-12	2014-08-21
	15. PERRIGO CO PLC		2013-12-20	2014-08-21
	21. HARTFORD FINL SERVICES GROUP INC		2011-11-16	2014-08-22
	7. TESORO PETEROLEUM CORP		2014-04-11	2014-08-22
	15. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-08-22
	1000. GENERAL ELEC CAP CORP 3.1% 01/09/2023		2013-05-28	2014-08-26
	18. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-08-26
	14. AMERICAN INTL GROUP INC		2013-01-14	2014-08-27
	10. BANCO BILBAO VIZCAYA SP ADR		2013-08-14	2014-08-27
	123. BANCO BILBAO VIZCAYA SP ADR		2014-03-05	2014-08-27
	10. AMERICAN INTL GROUP INC		2012-09-11	2014-08-28
	119. BAE SYSTEMS PLC		2014-02-04	2014-09-04
	1000. MERRILL LYNCH 6.4% 08/28/2017		2012-02-08	2014-09-08
	10000. UNITED STATES TREASURY .65% 01/31/2016		2014-05-15	2014-09-08
	16. MANPOWER INC WIS		2012-09-10	2014-09-10
	80. INTERDIGITAL INC PA		2013-11-13	2014-09-17
	81. TRANSOCEAN LTD		2014-05-28	2014-09-18
	35. AMERICAN INTL GROUP INC		2012-09-11	2014-09-19
	3000. PRUDENTIAL FINANCIAL INC 5.1% 09/20/2014		2014-01-03	2014-09-20
	4000. CSX CORP 6.25% 04/01/2015		2014-01-07	2014-09-22
	6. MICROSOFT CORP		2013-03-28	2014-09-23
	13. UNIBAIL-RODAMCO SE ADR		2014-03-05	2014-09-23
	74. SEAWORLD ENTMT INC		2014-04-11	2014-09-24
	8.5 TIMKENSTEEL CORP		2014-01-09	2014-09-24
	33.5 TIMKENSTEEL CORP		2012-07-30	2014-09-24
	4. GOLDMAN SACHS GROUP INC		2010-08-26	2014-09-29
	40. OTSUKA HLDGS CO LTD ADR		2014-01-09	2014-09-29
	11000. UNITED STATES TREASURY 2.5% 05/15/2024		2014-08-21	2014-09-29
	8000. UNITED STATES TREASURY 2.5% 05/15/2024		2014-08-21	2014-09-30
	9000. EBAY INC NT 4% 07/15/2042		2013-08-19	2014-10-02
	27. LEAR CORP		2010-05-13	2014-10-02
	66. SEAWORLD ENTMT INC		2013-12-31	2014-10-03
	104. CAREFUSION CORP		2010-12-07	2014-10-06
	7000. ENTERPRISE PRODS OPER LLC 6.5% 01/31/201		2014-06-25	2014-10-07
	33. PERRIGO CO PLC		2013-12-20	2014-10-13
	71. CLOUD PEAK ENERGY INC		2014-04-10	2014-10-14
	23. FLIR SYS INC		2013-08-01	2014-10-14
	27. FLIR SYS INC		2013-10-15	2014-10-14
	7. CVS CORPORATION (DEL)		2011-02-04	2014-10-15
	15. CISCO SYS INC		2011-05-13	2014-10-15
	8. CITIGROUP INC		2014-01-17	2014-10-15
	2. GOLDMAN SACHS GROUP INC		2010-08-26	2014-10-15
	16. HARTFORD FINL SERVICES GROUP INC		2011-11-17	2014-10-15
	4. RAYTHEON COMPANY		2011-08-16	2014-10-15
	8. TARGET CORP		2014-02-12	2014-10-15
	9. TEVA PHARMACEUTICAL INDUSTRIES LTD (ISRAEL) ADR		2011-06-08	2014-10-15
	4. TIME WARNER INC		2010-10-13	2014-10-15
	5. VIACOM INC CL B		2008-12-04	2014-10-15
	20. GOLDMAN SACHS GROUP INC		2011-07-01	2014-10-16
	35. LIFE TIME FITNESS INC		2013-05-28	2014-10-21
	10. ENERGIZER HOLDINGS INC		2014-02-10	2014-10-22
	155. VCA ANTECH INC		2013-03-01	2014-10-22
	29. APOGEE ENTERPRISES INC		2013-05-31	2014-10-23
	66. ROBERT HALF INTL INC		2013-02-04	2014-10-23
	2. TUPPERWARE CORP		2014-03-11	2014-10-23
	37. TUPPERWARE CORP		2012-06-28	2014-10-23
	100. AXIALL CORP		2013-10-11	2014-10-24
	50. APPLE COMPUTER INC		2009-03-25	2014-10-27
	87. LVMH MOET HENNESSY LOUIS VUITTON ADR		2013-08-14	2014-10-30
	10. LVMH MOET HENNESSY LOUIS VUITTON ADR		2014-01-03	2014-10-30
	60. BAKER HUGHES INC		2013-07-29	2014-11-04
	31. CAREFUSION CORP		2014-01-31	2014-11-04
	26. CAREFUSION CORP		2010-08-02	2014-11-04
	315. OFFICE DEPOT INC		2010-03-25	2014-11-04
	2000. CIGNA CORP SR NT 4% 02/15/2022-2021		2011-11-07	2014-11-06
	10. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-11-06
	46. CENTURYTEL INC		2013-09-10	2014-11-07
	31. SONY CORP AMERN SH NEW ADR		2014-03-25	2014-11-07
	5. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-11-07
	22. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-11-10
	6. CHECK POINT SOFTWARE TECH		2013-08-14	2014-11-11
	40. BERKSHIRE HATHAWAY CL B		2012-02-16	2014-11-17
	17. ROCKWOOD HLDGS INC		2013-09-17	2014-11-18
	16. ROCKWOOD HLDGS INC		2014-08-29	2014-11-18
	14. WELLS FARGO & CO NEW		2004-08-13	2014-11-18
	9. CVS CORPORATION (DEL)		2011-02-04	2014-11-19
	99. DIAMONDROCK HOSPITALITY CO		2011-08-25	2014-11-19
	15. MCDONALDS CORP		2014-09-10	2014-11-19
	105. AVON PRODUCTS INC		2014-08-08	2014-11-20
	17. AVON PRODUCTS INC		2014-08-06	2014-11-21
	53. AVON PRODUCTS INC		2013-11-05	2014-11-21
	60. AVON PRODUCTS INC		2013-11-05	2014-11-24
	9000. DOW CHEMICAL CO NT 3% 11/15/2022-2022		2012-12-12	2014-11-24
	25. AVON PRODUCTS INC		2013-11-05	2014-11-25
	34. AVON PRODUCTS INC		2013-11-05	2014-11-26
	435. E M C CORP		2013-10-25	2014-11-26
	4. TORAY INDUSTRIES INC ADR		2013-11-25	2014-12-01
	45000. UNITED STATES TREASURY .65% 01/31/2016		2014-10-29	2014-12-01
	11.6 CALIFORNIA RES CORP - W/I		2014-02-03	2014-12-02
	15.4 CALIFORNIA RES CORP - W/I		2013-08-29	2014-12-02
	26. NEW JERSEY RESOURCES CORP		2014-05-22	2014-12-02
	35. AMERICAN INTL GROUP INC		2012-05-14	2014-12-03
	.2 CALIFORNIA RES CORP - W/I		2010-04-15	2014-12-03
	41000. FEDERAL NATL MTG ASSN 2.375% 07/28/2015		2010-06-14	2014-12-03
	29. APPLE COMPUTER INC		2009-03-25	2014-12-04
	34. SCHLUMBERGER LTD		2013-08-14	2014-12-04
	100. SONY CORP AMERN SH NEW ADR		2014-03-25	2014-12-04
	34. APACHE CORP		2013-02-27	2014-12-08
	85. BRISTOW GROUP INC		2013-03-07	2014-12-09
	105. HAWAIIAN ELECTRIC INDS INC		2010-03-17	2014-12-09
	90. HORNBECK OFFSHORE SERVICES		2012-01-17	2014-12-09
	90. NORTHWESTERN CORP		2010-04-26	2014-12-09
	5. TIDEWATER INC		2014-04-01	2014-12-09
	65. TIDEWATER INC		2010-03-26	2014-12-09
	10. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-12-09
	84. SUNCOR ENERGY INC NEW		2013-08-14	2014-12-10
	10. SUNCOR ENERGY INC NEW		2014-09-29	2014-12-10
	7. AON PLC		2012-04-03	2014-12-10
	10. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-12-10
	570. OFFICE DEPOT INC		2012-04-25	2014-12-11
	105. TEAM HEALTH HOLDINGS INC		2012-12-17	2014-12-11
	2. AON PLC		2012-04-03	2014-12-11
	5. NORWEGIAN CRUISE LINE HOLDINGS LTD		2013-12-04	2014-12-12
	5. CITIGROUP INC		2011-06-01	2014-12-15
	80. GULFMARK OFFSHORE INC		2006-05-03	2014-12-16
	25. GULFMARK OFFSHORE INC		2014-02-26	2014-12-16
	29. HOSPIRA INC		2014-01-30	2014-12-16
	60. KNOLL INC		2013-08-26	2014-12-16
	55. LIFE TIME FITNESS INC		2013-05-28	2014-12-16
	220. SERVICESOURCE INTL INC COM		2014-04-03	2014-12-17
	20. ZIONS BANCORP		2014-08-27	2014-12-19
	20. VODAFONE GROUP PLC ADR		2014-02-28	2014-12-22
	19. ZIONS BANCORP		2014-09-30	2014-12-22
	150. ALTRA HLDGS INC		2010-03-25	2014-12-23
	30. ALTRA HLDGS INC		2014-05-07	2014-12-23
	200. FLOTEK INDS INC DEL		2013-07-12	2014-12-23
	110. INTREPID POTASH INC		2008-12-30	2014-12-23
	165. QUALITY SYS INC		2014-05-08	2014-12-23
	65. CENTURY ALUMINUM CO		2011-07-18	2014-12-24
	40. VERIFONE HLDGS INC		2013-10-02	2014-12-24
	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	113	79	34
b	340	236	104
c	305	217	88
d	333	134	199
e	307	202	105
	229	333	-104
	85	140	-55
	77	84	-7
	70	60	10
	512	420	92
	387	204	183
	478	490	-12
	246	248	-2
	265	300	-35
	621	559	62
	216	500	-284
	258	234	24
	538	282	256
	270	141	129
	13,038	13,078	-40
	1,251	905	346
	3,100	1,420	1,680
	3,552	2,149	1,403
	7,902	3,440	4,462
	1,554	1,645	-91
	16,418	16,534	-116
	1,649	1,842	-193
	1,849	2,180	-331
	348	360	-12
	8,563	7,382	1,181
	13,694	14,106	-412
	978	1,000	-22
	1,481	1,651	-170
	16,513	15,169	1,344
	1,087	1,083	4
	1,013	713	300
	1,540	705	835
	4,050	5,434	-1,384
	8,202	3,620	4,582
	9,982	3,071	6,911
	927	1,036	-109
	1,305	741	564
	359	180	179
	1,315	1,341	-26
	504	218	286
	363	167	196
	502	197	305
	1,336	1,350	-14
	7,613	7,997	-384
	2,219	1,923	296
	887	354	533
	2,870	3,262	-392
	972	2,497	-1,525
	749	494	255
	900	943	-43
	2,365	2,275	90
	687	546	141
	616	505	111
	762	606	156
	3,321	3,503	-182
	1,360	648	712
	2,772	1,098	1,674
	5,550	3,519	2,031
	4,096	1,349	2,747
	2,078	436	1,642
	11,625	7,319	4,306
	435	256	179
	2,092	1,591	501
	1,039	782	257
	1,143	771	372
	4,960	3,272	1,688
	3,168	3,749	-581
	352	892	-540
	1,281	1,261	20
	419	1,003	-584
	2,291	2,480	-189
	693	885	-192
	1,482	882	600
	1,372	876	496
	3,283	3,469	-186
	3,895	2,571	1,324
	42	41	1
	164	116	48
	2,944	3,236	-292
	3,845	3,722	123
	34	45	-11
	1,420	668	752
	7,012	7,039	-27
	42	32	10
	87	75	12
	99	103	-4
	126	118	8
	26	27	-1
	109	124	-15
	38	29	9
	132	121	11
	142	128	14
	98	112	-14
	80	72	8
	87	93	-6
	124	133	-9
	97	98	-1
	83	94	-11
	101	93	8
	71	75	-4
	118	131	-13
	140	133	7
	82	74	8
	74	76	-2
	81	73	8
	123	120	3
	73	65	8
	98	117	-19
	41	41
	77	76	1
	179	165	14
	110	118	-8
	34	34
	95	109	-14
	131	131
	36	33	3
	96	88	8
	70	88	-18
	65	72	-7
	9,015	9,049	-34
	102	92	10
	50	51	-1
	274	221	53
	69	58	11
	303	199	104
	556	282	274
	519	356	163
	467	309	158
	775	589	186
	128	138	-10
	1,037	904	133
	536	115	421
	380	343	37
	391	340	51
	271	136	135
	185	142	43
	402	714	-312
	859	845	14
	1,369	567	802
	2,641	3,379	-738
	2,962	3,465	-503
	1,518	1,199	319
	2,751	3,273	-522
	924	458	466
	185	372	-187
	263	208	55
	19,025	19,088	-63
	366	734	-368
	2,735	2,086	649
	2,052	876	1,176
	823	404	419
	33,618	34,256	-638
	1,020	818	202
	1,621	1,112	509
	201	383	-182
	520	403	117
	1,087	1,137	-50
	1,471	1,376	95
	910	1,008	-98
	8,814	2,265	6,549
	1,832	867	965
	425	321	104
	2,683	1,497	1,186
	1,087	889	198
	1,929	941	988
	2,784	2,002	782
	2,074	2,572	-498
	245	262	-17
	3,832	3,646	186
	1,988	1,589	399
	497	508	-11
	10	8	2
	9	9
	20	21	-1
	27	27
	12	13	-1
	36	29	7
	15	14	1
	896	978	-82
	35	37	-2
	11	12	-1
	9	9
	37	33	4
	85	74	11
	14	15	-1
	11	9	2
	26	24	2
	36	32	4
	18	19	-1
	7	7
	18	18
	16	20	-4
	17	17
	65	72	-7
	66	58	8
	5,334	4,971	363
	3,337	2,101	1,236
	3,440	2,826	614
	9,930	6,601	3,329
	640	556	84
	810	3,566	-2,756
	2,317	1,262	1,055
	810	658	152
	658	546	112
	575	340	235
	716	1,095	-379
	5,000	5,370	-370
	152	91	61
	325	210	115
	191	202	-11
	6,238	2,935	3,303
	419	425	-6
	4,085	3,998	87
	3,542	2,882	660
	2,412	1,535	877
	267	257	10
	2,646	2,784	-138
	1,292	757	535
	2,384	1,783	601
	8,975	7,966	1,009
	25,801	21,589	4,212
	1,319	1,426	-107
	1,287	1,191	96
	186	178	8
	745	710	35
	633	603	30
	2,181	1,466	715
	3,860	4,098	-238
	2,600	2,285	315
	24	16	8
	3	3
	1,432	1,022	410
	5,000	5,012	-12
	2,545	2,527	18
	508	420	88
	3,232	3,039	193
	773	591	182
	1,030	809	221
	1,048	757	291
	1,882	2,402	-520
	3,097	1,845	1,252
	1,573	806	767
	1,154	1,468	-314
	363	360	3
	951	584	367
	110	108	2
	308	127	181
	30	25	5
	847	806	41
	1,157	627	530
	1,610	1,017	593
	8,551	4,118	4,433
	2,144	3,531	-1,387
	925	638	287
	3,395	2,758	637
	2,172	788	1,384
	815	524	291
	883	583	300
	1,219	1,245	-26
	865	963	-98
	125	103	22
	125	134	-9
	120	128	-8
	2,118	1,908	210
	119	103	16
	118	118
	116	110	6
	140	142	-2
	205	202	3
	124	142	-18
	180	179	1
	120	118	2
	132	129	3
	1,159	807	352
	135	128	7
	107	112	-5
	161	128	33
	123	128	-5
	130	142	-12
	126	98	28
	126	124	2
	140	151	-11
	1,250	502	748
	1,365	954	411
	126	131	-5
	134	105	29
	88	74	14
	144	137	7
	123	119	4
	127	120	7
	110	97	13
	105	117	-12
	113	131	-18
	110	82	28
	125	118	7
	172	153	19
	175	182	-7
	200	237	-37
	125	99	26
	153	133	20
	145	113	32
	69	72	-3
	823	272	551
	247	240	7
	206	333	-127
	102	92	10
	119	127	-8
	169	147	22
	124	126	-2
	137	116	21
	590	282	308
	1,691	1,302	389
	221	154	67
	240	251	-11
	430	387	43
	111	130	-19
	756	593	163
	208	138	70
	187	42	145
	631	562	69
	140	175	-35
	222	130	92
	807	460	347
	2,647	1,504	1,143
	3,835	3,108	727
	665	2,217	-1,552
	1,012	884	128
	37	32	5
	39	45	-6
	44	48	-4
	47	41	6
	484	314	170
	49	47	2
	59	55	4
	39	41	-2
	70	76	-6
	29	34	-5
	57	60	-3
	552	228	324
	808	694	114
	45	47	-2
	42	43	-1
	362	349	13
	44	43	1
	344	289	55
	420	230	190
	35	37	-2
	75	64	11
	42	46	-4
	44	47	-3
	30	31	-1
	34	36	-2
	294	241	53
	802	518	284
	24	26	-2
	66	53	13
	87	74	13
	441	370	71
	49	46	3
	9	9
	279	123	156
	48	48
	72	65	7
	48	58	-10
	39	45	-6
	106	82	24
	47	44	3
	85	77	8
	74	73	1
	73	89	-16
	39	33	6
	58	50	8
	41	32	9
	290	284	6
	566	456	110
	69	72	-3
	79	80	-1
	508	69	439
	485	309	176
	66	108	-42
	101	92	9
	46	51	-5
	482	186	296
	268	270	-2
	39	42	-3
	485	416	69
	3,212	3,478	-266
	647	1,071	-424
	320	250	70
	2,700	906	1,794
	702	538	164
	5,469	1,900	3,569
	674	613	61
	471	416	55
	1,694	666	1,028
	406	347	59
	1,909	403	1,506
	3,692	2,182	1,510
	2,076	2,113	-37
	5,184	4,221	963
	1,506	882	624
	1,165	434	731
	4,250	3,707	543
	1,088	722	366
	5,473	3,032	2,441
	1,284	959	325
	17,044	17,128	-84
	3,008	2,974	34
	2,216	2,283	-67
	763	373	390
	449	332	117
	507	506	1
	1,001	986	15
	609	604	5
	785	471	314
	124	101	23
	1,520	1,552	-32
	557	327	230
	3,540	3,265	275
	1,131	1,071	60
	10,002	9,997	5
	1,218	642	576
	3,322	2,652	670
	2,825	3,408	-583
	1,948	1,137	811
	3,000	3,096	-96
	4,121	4,274	-153
	280	171	109
	339	346	-7
	1,473	2,197	-724
	399	272	127
	1,574	701	873
	734	578	156
	692	607	85
	11,027	11,085	-58
	8,019	8,062	-43
	7,875	8,634	-759
	2,402	1,033	1,369
	1,254	1,906	-652
	5,899	2,302	3,597
	8,206	8,310	-104
	4,881	5,023	-142
	735	1,526	-791
	663	753	-90
	778	778
	549	228	321
	340	253	87
	387	421	-34
	346	289	57
	559	282	277
	375	164	211
	479	454	25
	437	447	-10
	289	121	168
	335	73	262
	3,450	2,772	678
	1,703	1,779	-76
	1,192	964	228
	6,205	3,379	2,826
	1,201	778	423
	3,353	2,222	1,131
	127	160	-33
	2,353	1,228	1,125
	3,861	3,870	-9
	5,261	768	4,493
	2,868	3,280	-412
	330	357	-27
	2,998	2,855	143
	1,777	1,267	510
	1,490	557	933
	1,899	1,974	-75
	2,095	1,975	120
	391	336	55
	1,795	1,502	293
	607	564	43
	196	168	28
	868	737	131
	448	347	101
	5,803	3,228	2,575
	1,344	1,149	195
	1,265	1,294	-29
	748	402	346
	806	294	512
	1,409	736	673
	1,450	1,370	80
	999	1,455	-456
	167	228	-61
	522	935	-413
	593	1,058	-465
	8,807	9,023	-216
	245	441	-196
	331	600	-269
	13,042	10,169	2,873
	313	288	25
	44,995	44,988	7
	83	89	-6
	111	117	-6
	1,510	1,391	119
	1,923	1,100	823
	1	1
	41,595	40,853	742
	3,365	370	2,995
	2,981	2,798	183
	2,204	1,756	448
	2,004	2,229	-225
	5,218	3,552	1,666
	3,468	2,398	1,070
	1,930	3,056	-1,126
	4,827	2,653	2,174
	146	245	-99
	1,900	3,030	-1,130
	446	334	112
	2,400	2,759	-359
	286	362	-76
	681	344	337
	448	333	115
	4,228	2,517	1,711
	6,088	3,088	3,000
	194	98	96
	220	167	53
	265	201	64
	1,721	2,271	-550
	538	1,083	-545
	1,743	1,266	477
	1,151	991	160
	2,946	2,420	526
	883	1,955	-1,072
	567	587	-20
	701	837	-136
	535	554	-19
	4,335	2,012	2,323
	867	1,044	-177
	3,714	3,950	-236
	1,522	2,187	-665
	2,548	2,473	75
	1,592	896	696
	1,516	935	581
			143

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			34
b			104
c			88
d			199
e			105
			-104
			-55
			-7
			10
			92
			183
			-12
			-2
			-35
			62
			-284
			24
			256
			129
			-40
			346
			1,680
			1,403
			4,462
			-91
			-116
			-193
			-331
			-12
			1,181
			-412
			-22
			-170
			1,344
			4
			300
			835
			-1,384
			4,582
			6,911
			-109
			564
			179
			-26
			286
			196
			305
			-14
			-384
			296
			533
			-392
			-1,525
			255
			-43
			90
			141
			111
			156
			-182
			712
			1,674
			2,031
			2,747
			1,642
			4,306
			179
			501
			257
			372
			1,688
			-581
			-540
			20
			-584
			-189
			-192
			600
			496
			-186
			1,324
			1
			48
			-292
			123
			-11
			752
			-27
			10
			12
			-4
			8
			-1
			-15
			9
			11
			14
			-14
			8
			-6
			-9
			-1
			-11
			8
			-4
			-13
			7
			8
			-2
			8
			3
			8
			-19

			1
			14
			-8

			-14

			3
			8
			-18
			-7
			-34
			10
			-1
			53
			11
			104
			274
			163
			158
			186
			-10
			133
			421
			37
			51
			135
			43
			-312
			14
			802
			-738
			-503
			319
			-522
			466
			-187
			55
			-63
			-368
			649
			1,176
			419
			-638
			202
			509
			-182
			117
			-50
			95
			-98
			6,549
			965
			104
			1,186
			198
			988
			782
			-498
			-17
			186
			399
			-11
			2

			-1

			-1
			7
			1
			-82
			-2
			-1

			4
			11
			-1
			2
			2
			4
			-1


			-4

			-7
			8
			363
			1,236
			614
			3,329
			84
			-2,756
			1,055
			152
			112
			235
			-379
			-370
			61
			115
			-11
			3,303
			-6
			87
			660
			877
			10
			-138
			535
			601
			1,009
			4,212
			-107
			96
			8
			35
			30
			715
			-238
			315
			8

			410
			-12
			18
			88
			193
			182
			221
			291
			-520
			1,252
			767
			-314
			3
			367
			2
			181
			5
			41
			530
			593
			4,433
			-1,387
			287
			637
			1,384
			291
			300
			-26
			-98
			22
			-9
			-8
			210
			16

			6
			-2
			3
			-18
			1
			2
			3
			352
			7
			-5
			33
			-5
			-12
			28
			2
			-11
			748
			411
			-5
			29
			14
			7
			4
			7
			13
			-12
			-18
			28
			7
			19
			-7
			-37
			26
			20
			32
			-3
			551
			7
			-127
			10
			-8
			22
			-2
			21
			308
			389
			67
			-11
			43
			-19
			163
			70
			145
			69
			-35
			92
			347
			1,143
			727
			-1,552
			128
			5
			-6
			-4
			6
			170
			2
			4
			-2
			-6
			-5
			-3
			324
			114
			-2
			-1
			13
			1
			55
			190
			-2
			11
			-4
			-3
			-1
			-2
			53
			284
			-2
			13
			13
			71
			3

			156

			7
			-10
			-6
			24
			3
			8
			1
			-16
			6
			8
			9
			6
			110
			-3
			-1
			439
			176
			-42
			9
			-5
			296
			-2
			-3
			69
			-266
			-424
			70
			1,794
			164
			3,569
			61
			55
			1,028
			59
			1,506
			1,510
			-37
			963
			624
			731
			543
			366
			2,441
			325
			-84
			34
			-67
			390
			117
			1
			15
			5
			314
			23
			-32
			230
			275
			60
			5
			576
			670
			-583
			811
			-96
			-153
			109
			-7
			-724
			127
			873
			156
			85
			-58
			-43
			-759
			1,369
			-652
			3,597
			-104
			-142
			-791
			-90

			321
			87
			-34
			57
			277
			211
			25
			-10
			168
			262
			678
			-76
			228
			2,826
			423
			1,131
			-33
			1,125
			-9
			4,493
			-412
			-27
			143
			510
			933
			-75
			120
			55
			293
			43
			28
			131
			101
			2,575
			195
			-29
			346
			512
			673
			80
			-456
			-61
			-413
			-465
			-216
			-196
			-269
			2,873
			25
			7
			-6
			-6
			119
			823

			742
			2,995
			183
			448
			-225
			1,666
			1,070
			-1,126
			2,174
			-99
			-1,130
			112
			-359
			-76
			337
			115
			1,711
			3,000
			96
			53
			64
			-550
			-545
			477
			160
			526
			-1,072
			-20
			-136
			-19
			2,323
			-177
			-236
			-665
			75
			696
			581

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	138,934
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 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))
2013	102,607	2,076,904	0.049404
2012	105,567	1,987,641	0.053112
2011	100,950	2,017,824	0.050029
2010	90,900	1,759,000	0.051677
2009	103,925	1,737,226	0.059822

2	Total of line 1, column (d) ......................	2	0.264044
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	0.052809
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	2,139,260
5	Multiply line 4 by line 3.......................	5	112,972
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,431
7	Add lines 5 and 6.........................	7	114,403
8	Enter qualifying distributions from Part XII, line 4..............	8	108,758
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 (2014)

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	2,862
	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	2,862
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,862
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	2,788
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,788
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	74
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 2015 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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

N/A

The books are in care of bullet

COMERICA BANK Telephone no. bullet

(877) 405-1091

Located at bullet

101 NORTH MAIN STREETANN ARBORMI ZIP+4 bullet

48104

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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

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 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 2014?.............

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 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............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 2014 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 2014.)....................

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 2014?

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 4945(d)(4)(A)? (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 (2014)

Page 7

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
COMERICA BANK TRUST NA	TRUSTEE 1	11,978
PO BOX 75000 M/C 7874 DETROIT,MI482757874	TRUSTEE 1	11,978

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 (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

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


All other program-related investments. See 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...................

2,108,598

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

63,240

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

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

2,171,838

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.........................

2,171,838

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

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

32,578

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

2,139,260

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

106,963

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....................

106,963

Tax on investment income for 2014 from Part VI, line 5......

2,862

Income tax for 2014. (This does not include the tax from Part VI.)...

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

2,862

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

104,101

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

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

104,101

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

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

104,101

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 ..........

108,758

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

108,758

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..............

108,758

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 (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					104,101
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	17,244
b From 2010.......	5,233
c From 2011.......	2,576
d From 2012.......	7,560
e From 2013.......	1,550
fTotal of lines 3a through e.........		34,163
4Qualifying distributions for 2014 from Part
XII, line 4: $ 108,758
a Applied to 2013, 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 2014 distributable amount.....					104,101
e Remaining amount distributed out of corpus		4,657
5 Excess distributions carryover applied to 2014.		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		38,820
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 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		17,244
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		21,576
10 Analysis of line 9:
a Excess from 2010....	5,233
b Excess from 2011....	2,576
c Excess from 2012....	7,560
d Excess from 2013....	1,550
e Excess from 2014....	4,657

Form 990-PF (2014)

Page 10

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 2014, 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) 2014	(b) 2013	(c) 2012	(d) 2011	(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).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

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

Check here bullet

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 or e-mail address of the person to whom applications should be addressed:

BRENDA PEARSON
60 S 6TH ST
MINNEAPOLIS,MN55402
(612) 215-3603

bThe form in which applications should be submitted and information and materials they should include:

NO SPECIFIC FORM

cAny submission deadlines:

NONE NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2014)

Page 11

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
MN ADOPTION RESOURCE NETWORK 1221 NICOLLET MALL SUITE 501 Minneapolis,MN55403	NONE	EXEMPT	SUPPOERT	2,000
YMCA 302 W 1ST ST Duluth,MN55802	NONE	EXEMPT	SUPPORT	5,000
UNIVERSITY OF MINNESOTA DULUTH 1049 UNIVERSITY DRIVE DULUTH,MN55812	NONE	EXEMPT	SUPPORT	5,000
MILLER - DWAN FOUNDATION 502 E SECOND STREET DULUTH,MN55805	NONE	EXEMPT	SUPPORT	10,000
SECOND HARVEST NORTHERN LAKES FOOD BANK 4503 AIR PARK BLVD DULUTH,MN55811	NONE	EXEMPT	SUPPORT	20,000
COURAGE CENTER 3915 GOLDEN VALLEY ROAD GOLDEN VALLEY,MN55422	NONE	EXEMPT	SUPPORT	10,000
BOYS & GIRLS CLUB OF NORTHLAND 102 S 29TH AVE W STE 200 DULUTH,MN55806	NONE	EXEMPT	SUPPORT	10,000
SCOTTISH RITE FOUNDATION 1420 LONDON ROAD DULUTH,MN55805	NONE	EXEMPT	SUPPORT	10,000
NORTH COUNTRY RIDE 180 HATINEN RD ESKO,MN55733	NONE	EXEMPT	SUPPORT	5,000
DAMIANO OF DULUTH INC 206 WEST FOURTH STREET DULUTH,MN55806	NONE	EXEMPT	SUPPORT	5,000
LIFE HOUSE INC 102 WEST IST STREET DULUTH,MN55802	NONE	EXEMPT	SUPPORT	15,000
MEN AS PEACEMAKERS 205 W 2ND STREET DULUTH,MN55802	NONE	EXEMPT	SUPPORT	5,000
DULUTH EAST HIGH SCHOOL DULUTH EAST DAREDEVILS ROBOTICS 301 NORTH 40TH AVENUE E DULUTH,MN55804	NONE	EXEMPT	SUPPORT	5,000
Total ................................. 3a				107,000

bApproved for future payment

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

Form 990-PF (2014)

Page 12

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 ............
4 Dividends and interest from securities....			14	44,534
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	138,934
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aOTHER REVENUE			14	602
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				184,070

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

13184,070

(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.)

Form 990-PF (2014)

Page 13

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) 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 (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS
UNITED STATES TREASURY 2.75	38,733	44,954
UNITED STATES TREASURY .073	46,985	46,971
UNITED STATES TREASURY .875	46,877	46,776
UNITED STATES TREASURY 1.375	53,110	52,950
UNITED STATES TREASURY 1.125	62,892	62,415
UNITED STATES TREASURY 2.5	2,058	2,060
FEDERAL HOME LN MTG CORP 3.75	48,027	52,241
FEDERAL HOME LN MTG CORP66 2.5	49,951	51,414
FEDERAL NATL MTG ASSN 2.375	6,975	7,087
UNITED STATES TREAS BDS .625	16,575	18,603
CHICAGO IL MET WTR TAXABLE5.72	5,000	6,216
LAKE COUNTY IL TAXABLE LAND AC	5,007	5,655
AT&T INC 6.55	7,883	8,628
ACE INA HLDG INC 5.7	7,883	8,728
AMERICAN EXPRESS 6.15	8,077	7,799
AMGEN INC SR NT 2.125	8,214	8,105
ANHEUSER BUSCH INBEV 5.375	7,809	7,928
BANK AMER FDG CORP 5	7,430	7,839
BURLINGTON NORTHERN 3 SANTA FE	17,375	16,946
CIGNA CORP SR NT 4	6,913	7,376
CSX CORP 6.25	3,205	3,040
CAPITAL ONE FINL CORP 4.75	17,004	16,532
CATERPILLAR INC SR NT 3.9	7,963	8,663
CITIGROUP INC 3.375	8,333	8,072
COMCAST CORP 5.15	8,004	9,060
DEERE JOHN CORP 1.85 9/15/16	8,995	9,150
DEERE JOHN CORP 1.95 12/13/18	8,015	7,998
DIRECTV HOLDINGS 3.8	15,685	15,261
DOMINION RESOURCES 2011 4.45	8,902	8,668
ENTERPRISE PRODS OPER LLC 4.85	8,244	8,342
FORD MOTOR 4.75	8,483	9,496
GENERAL ELEC CAP CORP 3.1	15,771	16,200
INTEL CORP 4.8	7,396	7,688
JPMORGAN CHASE 3.375	17,003	16,818
KINDER MORGAN SR NT 2.65	8,018	7,882
MAGELLAN MIDSTREAM 5.65	7,792	7,525
MARATHON OIL 2.8	9,021	8,429
MCKESSON CORP NT 3.25	8,016	8,191
MERRILL LYNCH 6.4	6,177	7,799
METLIFE INC 6.4	7,778	8,920
MIDAMERICAN ENERGY HLDG 6.125	6,809	8,794
MORGAN STANLEY 3.75	8,002	8,207
ORACLE CORPROATION 5.75	16,356	15,826
PRAXAIR INC 4.625	7,356	7,071
SEMPRA ENERGY NI 2.875	8,201	8,847
THERMO FISHER SCIENTIFIC 2.25	8,045	8,125
VERIZION COMMUNICATIONS NT2.45	17,570	16,889
WELLS FARGO COMPANY 3.5	16,050	16,703
BANK MONTREAL QUE 2.375	16,215	16,154
CVS/CAREMARK CORP 2.25	8,024	8,072
GOLDMAN SACHS GROUP 2.9	8,163	8,207

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2013 EXCISE TAX	3,017	0		0
FOREIGN TAX	717	717		0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK
ACCOR S A ADR	3,140	3,570
BEACON ROOFING SUPPLY INC	2,603	2,863
CHILDRENS PLACE RETAIL STS	2,711	3,420
COACH INC	24,501	19,719
DELUXE CORPROATION	1,323	7,159
DENSO CORPORATION ADR	3,554	3,536
DICKS SPORTING GOODS INC	2,683	2,731
FORD MOTOR INC	3,651	3,519
GENERAL CABLE CORP	3,787	3,204
GENERAL MTRS CO	6,333	7,331
HILTON WORLDWIDE HLDGS	2,391	2,531
IAC INTERACTIVE CORP	5,235	5,775
LKQ CORP	14,934	14,313
LEAR CORP	1,028	2,844
LIFE TIME FITNESS INC	2,024	2,718
LITHIA MTRS INC CL A	2,248	3,208
MEREDITH CORP	3,461	4,020
METRO AG ADR	3,868	3,455
MILLER HERMAN INC	2,666	2,502
NAVIGANT CONSULTING CO	2,971	3,228
OFFICE DEPOT	2,074	5,702
PORSCHE AUTOMOBIL HLDG SE ADR	3,412	3,031
RENT A CTR INC NEW	3,569	4,322
SEVEN & I HLDGS CO LTD ADR	4,407	4,435
SKY PLC SPONSORED ADR	5,062	4,766
TARGET CORP	3,711	5,010
TIME WARNER INC	2,173	5,211
TORAY INDUSTRIES INC ADR	3,168	3,553
VIACOM INC CL B	1,860	5,945
WILLIAM HILL PLC ADR	3,526	3,143
DINEEQUITY INC	3,490	5,700
ELIZABETH ARDEN INC	2,620	1,604
ENERGIZER HOLDINGS INC	4,293	5,785
HEINEKEN N V ADR SPONSORED	3,563	3,460
HHGREGG INC	3,246	3,028
LOEWS CORP	2,452	3,908
MEAD JOHNSON NUTRITION CQ	11,532	14,076
PHILIP MORRIS INTL INC	621	2,036
APACHE CORP	2,767	2,757
ATWOOD OCEANICS INC	3,038	3,688
BG GROUP PLC SPON ADR	3,556	2,360
BONANZA CREEK ENERGY INC	2,670	1,440
CARBO CERAMICS INC	3,448	3,805
CLOUD PEAK ENERGY INC	4,633	2,166
DRIL-QUIP INC	2,807	4,604
ECLIPSE RES CORP	3,102	3,164
OASIS PETE INC NEW	4,981	1,704
OCCIDENTAL PETROLEUM CORP	5,725	5,481
PDC ENERGY INC	2,681	2,724
PHILLIPS 66	3,838	3,800
QUESTAR CORPROATION	5,515	5,941
RSP PERMIAN INC	3,142	3,469
REX ENERGY CORP	4,047	1,510
ROYAL DUTCH SHELL PLC ADR	3,865	3,883
SILVER SPRING NETWORKS	3,889	3,836
AEGON N V ORD AMER	3,489	2,940
ALEXANDRIA REAL ESTATE EQTY	3,529	4,614
AMERICAN INTL GROUP INC	2,050	3,697
ANIXTER INTERNATIONAL INC	3,200	3,981
AXA SA ONE ADR REPRESENTS 1/2	3,219	3,161
BANCO BILBAO VIZCAYA SPONS ADR	2,888	2,686
BANKUNITED INC COM	4,858	4,838
BARCLAYS PLC ADR	4,017	3,512
BERKSHIRE HATHAWAY CL B	20,178	32,883
BERKSHIRE HILLS BANCORP INC	4,680	4,799
BROADRIDGE FINL SOLUTIONS INC	2,512	5,542
CIT GROUP INC	4,132	4,209
CACI INTL INC CL A	2,653	3,878
CAPITAL ONE FINL CORP	3,199	4,705
CARDTRONICS INC	8,786	11,613
CITIGROUP INC	5,769	9,577
COMERICA INC	2,335	2,576
DEUTSCHE BOERSE ADR	3,384	3,397
DEUTSCHE POST AG ADR	3,329	3,567
DIAMONDROCK HOSPITALITY	706	1,413
EAST WEST BANCORP INC	1,841	3,794
EQUIFAX INC	3,710	5,742
FIRST CASH FINCL SVCS	2,169	5,289
FIRST FINL BANCORP	4,030	4,759
HSBC HOLDINGS PLC HOLDINGS	3,413	3,023
HARTFORD FINL SVCS GROUP	2,800	7,212
INLAND REAL ESTATE	2,799	2,748
INTERPUBLIC GROUP COS	4,527	5,400
J G WENTWORTH CO	4,101	3,976
JP MORGAN CHASE	4,430	6,759
JULIUS BAER GROUP LTD	3,580	3,486
KCG HLDGS INC	5,100	2,714
M&T BANK CORP	20,441	22,235
M D C HLDGS INC	3,601	3,044
MANPOWER INC WIS	1,399	2,454
METLIFE INC	3,082	6,220
OFG BANCORP	3,904	4,163
OCWEN FINANCIAL CORP	5,607	3,851
PNC FINANCIAL SVCS GRP	3,575	3,923
PRA GROUP INC	2,463	7,241
PRIVATEBANCORP INC	3,546	6,814
SVB FINL GRP	3,039	5,339
STAG INDL INC COM	2,686	2,622
STARWOOD WAYPOINT RESIDENTAIL	2,845	2,901
STIFEL FINANCIAL CORP	3,147	1,990
SUMITOMO MITSUI FIN-UNSP ADR	5,744	4,630
UNIBAIL RODAMCO SE	5,089	5,254
UNUMPROVIDENT CORP	4,487	7,395
VERISK ANALYTICS INC	8,157	15,692
VISA INC CL A	7,473	17,830
WPP PLC NEW ADR	2,861	3,227
WALKER AND DUNLOP INC	2,121	2,543
WELLS FARGO AND CO	3,304	5,866
WINTRUST FINL CORP	4,686	6,172
ZIONS BANCORP	2,516	2,480
ACCURAY INC DEL	3,404	3,851
AFFYMETRIX INC	4,356	5,725
BIOSCRIP INC	4,404	4,264
CVS/ CAREMARK CORP	1,562	5,201
EXPRESS SCRIPTS HLDG CO	13,584	30,481
HAEMONETICS CORP MASS	3,517	4,116
HOSPIRA INC	3,702	5,268
INTEGRA LIFESCIENCES HLDGS	2,689	2,983
MEDNAX INC	4,066	7,140
NOVARTIS A G ADR	2,873	3,614
NXSTAGE MED INC	3,815	5,827
OTSUKA HLDGS CO LTD	2,988	2,972
PFIZER INC	5,039	7,569
PREMIER INC	4,095	4,325
ROCHE HLDG LTD SPON	4,720	4,855
SANOFI-AVENTIS	4,451	5,200
TEVA-PHARMACEUTICAL INDS LTD	6,394	8,914
VARIAN MEDICAL SYSTEMS INC	6,817	15,572
AIRBUS GROUP ADR	5,025	4,253
ALLEGIANT TRAVEL CO	2,820	7,517
APOGEE ENTERPRISES INC	1,609	2,542
BE AEROSPACE INC	1,615	3,365
CHART INDS INC	3,107	2,907
COLFAX CORP	2,289	3,971
CUMMINS INC	7,595	12,110
ENPRO INDUSTRIES INC	2,004	3,766
GEA GROUP AG	3,573	3,720
HITACHI LTD 10 COM	2,684	3,155
HOLCIM LTD	3,363	3,145
HUBBELL INC CL B	976	1,923
JOY GLOBAL INC	5,268	3,954
KLX INC	584	1,196
LANDSTAR SYSTEM INC	2,545	2,539
NRG ENERGY INC	6,285	4,420
NATIONAL OILWELL VARCO INC	14,577	17,038
PACCAR INC	2,108	4,081
REPSOL YPF SA ADR	3,306	2,596
RUSH ENTERPRISES INC CL A	1,320	1,218
SOCIETE GENERALE FRANCE	3,581	2,778
STERICYCLE INC	13,779	21,759
TELEFLEX INC	4,640	5,397
TIMKEN CO	1,711	2,561
TRIMBLE NAV LTD	4,702	4,353
TRUEBLUE INC	1,852	2,247
UNION PACIFIC CORP	564	4,884
WATTS WATER TECHNOLOGIES INC	4,178	6,471
WOODWARD INC	4,742	5,218
ACI WORLDWIDE INC	2,977	4,538
AMKOR TECHNOLOGY INC	3,735	3,799
APPLE INC	2,682	25,608
ASPEN TECHNOLOGY INC (DELAWARE	3,089	3,502
BRIGHTCOVE INC	4,851	4,707
CA INC	5,337	7,125
CISCO SYS INC	2,395	4,061
COGNIZANT TECHNOLOGY SOLUTIONS	12,130	26,014
EMC CORP	6,564	12,788
EBAY INC	3,608	3,985
ENTROPIC COMMUNICATIONS INC	2,986	1,898
FLIR SYS INC	2,485	2,746
GOOGLE INC CL A	2,906	7,960
GOOGLE INC CL C	2,465	6,843
HENRY JACK & ASSOC INC	1,583	3,418
INFINEON TECHNOLOGIES AG SPONS	3,428	3,478
J2 GLOBAL INC	2,715	6,448
KONINKLIJKE (ROYAL)PHILIPS ELE	3,100	2,900
MICROSOFT CORP	4,139	7,386
OSI SYS INC	2,191	3,892
ON SEMICONDUCTOR CORP	4,450	4,873
ORACLE CORPORATION	5,043	6,835
PERKINELMER INC	2,624	2,668
PRICELINE.COM	7,714	13,683
QUALCOMM INC	22,699	33,449
RAYTHEON COMPANY	1,199	3,786
RIGHTSIDE GROUP LTD	4,007	1,922
ROVI CORP	3,063	5,309
ROYAL KPN NV ADR	3,379	2,881
RUBICON PROJ INC	2,669	3,470
SECOM LTD ADR	3,013	2,954
SHUTTERFLY INC	3,472	3,544
SONY CORP AMERN SH NEW	2,651	3,173
SYKES ENTERPRISES INC	2,318	4,225
TAIWAN SEMICONDUCTOR SPON	2,785	3,872
TERADYNE INC	4,756	5,185
3D SYSTEMS CORPRATION	2,577	2,794
VERIFONE HLDGS INC	4,559	7,254
VISHAY INTERTECHNOLOGY	4,179	7,174
AGRIUM INC	3,678	3,884
ANGLOGOLD ASHANTI LIMITED	4,573	1,227
BAYER AG ADR	3,512	3,692
BOISE CASCADE CO DEL	3,954	5,127
CENTURY ALUMINUM CO	2,691	5,002
DYNAMIC MATLS CORP	3,319	3,204
HEXCEL CORP NEW	1,103	5,394
KRATON PERFORMANCE POLYMERS	4,331	5,301
MEADWESTVACO CORP	2,363	2,663
POTLATCH CORP NEW COM	3,362	3,559
ROCK TENN CO CL A	1,851	3,415
ROCKWOOD HLDGS INC	2,288	2,679
ROYAL DSM N V KONINKLIJE DSM	4,063	3,294
TREX COMPANY INC	1,704	3,662
MITSUBISHI ESTATE LTD	3,194	2,600
AMC NETWORKS INC	6,539	6,377
AMERICA MOVIL S A DE C SPONS	3,140	3,371
ARRIS GROUP INC	5,869	5,585
EARTHLINK HLDGS CORP	6,386	5,290
NIPPON T & T	3,052	2,971
VODAFONE GROUP PLC	5,865	4,852
PRIMORIS SVCS CORP	2,410	2,463
SUNTORY BEVERAGE & FOOD LTD	2,997	3,130
C&J ENERGY SVCS INC	3,194	1,651
DYCOM INDS INC	1,995	2,456
MYR GROUP INC DEL	3,727	4,110
MASTEC INC	3,461	3,278
CANADIAN NATURAL RESOURCES	3,552	3,582
SCHLUMBERGER LTD	16,065	19,217
TALISMAN ENERGY INC	12,129	6,241
DAILMER AG	4,744	5,274
AMDOCS LTD	5,631	6,998
AON PLC	3,583	6,923
INGERSOLL RAND PLC	2,161	4,247
HOME LOAN SERVICING SOLUTION	4,448	4,099
NORWEGIAN CRUISE LINE HLDGS	2,236	3,180
PERRIGO CO PLC	12,176	13,373
CHECK POINT SOFTWARE TECH	2,606	3,536
AVG TECHNOLOGIES	5,302	5,073
CORE LABORATORIES N V	16,651	15,524
COPA HOLDINGS SA CL A	1,854	1,658
TRONOX LTD CL A	2,700	2,866

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADR FEE	30	30	0
IRS APPLICATION FEE	85	0	85
ADMIN CLASS ACTION FEE	50	50	0
MINNESOTA FILING FEE	25	0	25