Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation 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
JA WEDUM FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2615 UNIVERSITY AVENUE SE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55414
A Employer identification number

41-6025661
B Telephone number (see instructions)

(612) 789-3363
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$168,973,550J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 428,213
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 311,170 311,170  
4 Dividends and interest from securities......      
5a Gross rents.............. 58,668 58,668  
b Net rental income or (loss) 11,100
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 659,743
b Gross sales price for all assets on line 6a 2,872,973
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 35,136,640   35,136,640
12 Total. Add lines 1 through 11........ 36,594,434 369,838 35,136,640
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 235,937      
14 Other employee salaries and wages...... 108,552      
15 Pension plans, employee benefits....... 17,099      
16a Legal fees (attach schedule)......... Click to see attachment 5,322      
b Accounting fees (attach schedule)....... Click to see attachment 12,260      
c Other professional fees (attach schedule).... Click to see attachment 119,152      
17 Interest............... 5,148,567   5,148,567  
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,284,023 22,788 3,261,235
20 Occupancy.............. 18,217,029 47,568 18,140,208  
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 2,317,118   2,237,332  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,465,059 70,356 28,787,342 0
25 Contributions, gifts, grants paid........ 2,365,252 2,365,252
26 Total expenses and disbursements. Add lines 24 and 25 31,830,311 70,356 28,787,342 2,365,252
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,764,123
b Net investment income (if negative, enter -0-) 299,482
c Adjusted net income (if negative, enter -0-)... 6,349,298
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 8,257,786 7,288,415 7,288,415
3 Accounts receivable bullet1,812,952
Less: allowance for doubtful accounts bullet   2,231,300 1,812,952 1,812,952
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 208,468 244,699 244,699
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 8,954,474 Click to see attachment11,937,586 14,328,545
c Investments—corporate bonds (attach schedule)........ 781,555 Click to see attachment800,883 822,282
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 966,735 Click to see attachment219,998  
14 Land, buildings, and equipment: basis bullet125,786,883
Less: accumulated depreciation (attach schedule) bullet39,485,293 87,828,164 Click to see attachment86,301,590 125,966,052
15 Other assets (describe bullet) Click to see attachment17,992,363 Click to see attachment18,510,605 Click to see attachment18,510,605
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 127,220,845 127,116,728 168,973,550
Liabilities 17 Accounts payable and accrued expenses.......... 1,149,614 1,177,024
18 Grants payable.................. 25,500 24,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 115,008,570 Click to see attachment109,619,982
22 Other liabilities (describe bullet) Click to see attachment2,928,572 Click to see attachment2,605,130
23 Total liabilities (add lines 17 through 22).......... 119,112,256 113,426,136
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 8,108,589 13,690,592
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
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)...... 8,108,589 13,690,592
31 Total liabilities and net assets/fund balances (see instructions).. 127,220,845 127,116,728
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 8,108,589
2 Enter amount from Part I, line 27a..................... 2 4,764,123
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 817,880
4 Add lines 1, 2, and 3.......................... 4 13,690,592
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 13,690,592
Form 990-PF (2014)
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see 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 1,438,131 18,111,308 0.079405
2012 1,204,378 14,606,317 0.082456
2011 1,054,772 12,033,316 0.087654
2010 1,208,823 9,527,629 0.126876
2009 3,789,434 10,580,063 0.358167
2 Total of line 1, column (d) ...................... 2 0.734558
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 0.146912
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 21,796,497
5 Multiply line 4 by line 3....................... 5 3,202,167
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,995
7 Add lines 5 and 6......................... 7 3,205,162
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,365,252
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)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,990
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,990
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,990
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,258
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,258
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 268
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet268 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WEDUMFOUNDATION.ORG
    14
    The books are in care ofbulletJAY PORTZ Telephone no.bullet (612) 789-3363
    Located atbullet2537 UNIVERSITY AVE SEMINNEAPOLISMN ZIP+4bullet55414
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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)
    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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 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.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    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
    FRANK STARKE CHAIRMAN
    1.00     		10,900 0 0
    10824 SHOREWOOD LANE
    BRANDON,MN56315
    DAVID KJOS TREASURER
    1.00     		900 0 0
    2615 UNIVERSITY AVENUE SE
    MINNEAPOLIS,MN55414
    DAYTON SOBY SECRETARY
    1.00     		900 0 0
    3545 DUNBAR KNOLL
    BROOKLYN PARK,MN55443
    GARY SLETTE BOARD MEMBER
    1.00     		900 0 0
    134 - 3RD AVENUE EAST
    TWIN FALLS,ID83301
    DALE VESLEDAHL BOARD MEMBER
    1.00     		900 0 0
    14821 JACOBS LANE
    MINNETONKA,MN55345
    DANA WEDUM KENNELLY BOARD MEMBER
    1.00     		900 0 0
    4721 SPRING CIRCLE
    MINNETONKA,MN55345
    DAWN DOWNS BOARD MEMBER
    1.00     		900 0 0
    22278 DIXIE RIVER ROAD
    CALDWELL,ID83607
    JOSEPH A RUSCHE VICE CHAIR O
    1.00     		900 0 0
    3050 METRO PARKWAY SUITE 200
    MINNEAPOLIS,MN55425
    JAY PORTZ PRESIDENT
    40.00     		218,737 0 0
    2206 HERITAGE DRIVE
    ST CLOUD,MN55301
    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
    KELLIE TESCH OFFICE ADMIN
    40.00     		108,552    
    2615 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414
    Total number of other employees paid over $50,000...................bullet  
    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)
    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.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,089,310
    b
    Average of monthly cash balances.......................
    1b
    7,773,101
    c
    Fair market value of all other assets (see instructions)................
    1c
    266,012
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,128,423
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    22,128,423
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    331,926
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,796,497
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,089,825
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,089,825
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,990
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,990
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,083,835
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,083,835
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,083,835
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,365,252
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,365,252
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,365,252
    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)
    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 1,083,835
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 3,264,529
    b From 2010....... 735,946
    c From 2011....... 456,804
    d From 2012....... 480,079
    e From 2013....... 539,406
    fTotal of lines 3a through e......... 5,476,764
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 2,365,252
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 1,083,835
    e Remaining amount distributed out of corpus 1,281,417
    5 Excess distributions carryover applied to 2014.    
    (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 6,758,181
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		3,264,529
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		3,493,652
    10 Analysis of line 9:
    a Excess from 2010.... 735,946
    b Excess from 2011.... 456,804
    c Excess from 2012.... 480,079
    d Excess from 2013.... 539,406
    e Excess from 2014.... 1,281,417
    Form 990-PF (2014)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JAY PORTZ
    2615 UNIVERSITY AVENUE
    MINNEAPOLIS,MN55414
    (612) 789-3363
    bThe form in which applications should be submitted and information and materials they should include:
    RESUME OF ACADEMIC QUALIFICATIONS OR STANDARD GRANT APPL
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE IS GIVEN TO DONEE LOCATED IN ALEXANDRIA, MN AREA
    Form 990-PF (2014)
    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)
    aPaid during the year
    ALEXANDRIA AREA YMCA
    110 KARL DRIVE
    ALEXANDRIA,MN56308     		    HEALTH 510,000
    ALEXANDRIA TECHNICAL COLLEGE
    1601 JEFFERSON STREET
    ALEXANDRIA,MN56308     		    EDUCATION 3,830
    ALEXANDRIA TECHNICAL COLLEGE FOUNDA
    1601 JEFFERSON STREET
    ALEXANDRIA,MN56308     		    EDUCATION 25,000
    ALLINA HOSPICE FOUNDATION
    2925 CHICAGO AVENUE
    MINNEAPOLIS,MN55407     		    HEALTH 10,000
    ALZHEIMER'S ASSOCIATION
    4357 13TH AVE S
    FARGO,ND58103     		    HEALTH - ND CHAPTER 2,500
    AMERICAN CANCER SOCIETY
    PO BOX 96011
    OKLAHOMA CITY,OK73123     		    HEALTH 2,500
    BELGRADE-BROOTEN-ELROSA HIGH SCHOOL
    710 WASHBURN AVENUE
    PO BOX 339
    BELGRADE,MN56312     		    EDUCATION 30,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE
    ST PAUL,MN55122     		    EDUCATION 1,800
    BLOOMINGTON TRAVELING BASEBALL ASSO
    1525 HIGHWAY 13 E
    BURNSVILLE,MN55337     		    HEALTH 1,000
    BREAKTHROUGH TWIN CITIES
    2051 LARPENTEUR AVE E
    SAINT PAUL,MN55109     		    EDUCATION 5,000
    BROOTEN FOUNDATION
    PO BOX 400
    BROOTEN,MN56316     		    SOCIAL ASSISTANCE 7,500
    CAMPHILL VILLAGE MINNESOTA
    15136 CELTIC DRIVE
    SAUK CENTRE,MN55378     		    SOCIAL SERVICES 3,000
    CARVER SCOTT EDUCATIONAL FOUNDATION
    401 E 4TH ST
    CHASKA,MN55318     		    EDUCATION 3,000
    CITY OF KENSINGTON
    PO BOX 156
    KENSINGTON,MN56343     		    SOCIAL SERVICES 9,000
    COLLEGE OF SOUTHERN IDAHO FOUNDATIO
    315 FALLS AVENUE
    PO BOX 1238
    TWIN FALLS,ID83303     		    EDUCATION 4,000
    COLLEGE OF ST BENEDICT
    37 S COLLEGE AVENUE
    ST JOSEPH,MN56374     		    EDUCATION 3,500
    CONCORDIA COLLEGE
    901 - 8TH STREET S
    MOORHEAD,MN56562     		    EDUCATION 32,000
    COOKIE CART
    1119 W BROADWAY AVE
    MINNEAPOLIS,MN55411     		    SOCIAL SERVICES 3,000
    CORPORATE PAYMENT SYSTEMS
    PO BOX 790428
    ST LOUIS,MO631790425     		    SOCIAL SERVICES 1,725
    DEFENDING THE BLUE LINE
    15211 RAVENNA TRAIL
    HASTINGS,MN55033     		    SOCIAL SERVICES 1,400
    DISTRICT 742 LEAF
    PO BOX 1132
    ST CLOUD,MN56301     		    EDUCATION 1,500
    DODOMA TANZANIA HEALTH DEVELOPMENT
    8085 WAYZATA BLVD
    SUITE 203
    GOLDEN VALLEY,MN55426     		    HEALTH 2,000
    DOLLARS FOR SCHOLARS
    PO BOX 309
    ALEXANDRIA,MN56308     		    EDUCATION 30,000
    DOUGLAS COUNTY CAR CARE PROGRAM
    110 6TH AVENUE E
    ALEXANDRIA,MN56308     		    SOCIAL SERVICES 10,000
    DOUGLAS HEALTH CARE FOUNDATION
    111 17TH AVE E
    ALEXANDRIA,MN56308     		    HEALTH 4,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		    EDUCATION 20,000
    ELDER NETWORK
    420 12TH AVE E
    ALEXANDRIA,MN56308     		    SOCIAL SERVICES 5,000
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NW
    COON RAPIDS,MN55433     		    SOCIAL SERVICES 8,500
    FERGUS AREA COLLEGE FOUNDATION INC
    1414 COLLEGE WAY
    FERGUS FALLS,MN565371000     		    EDUCATION 28,000
    FOLDS OF HONOR MINNESOTA
    372 FERNDALE ROAD SOUTH
    WAYZATA,MN55391     		    SOCIAL SERVICES 2,500
    GENESIS SERVICE DOGS INC
    621 W BROADWAY
    MERIDIAN,ID83642     		    SOCIAL SERVICES 2,000
    GREATER LAKE CITY COMMUNITY FOUNDAT
    PO BOX 86
    LAKE CITY,MN55041     		    SOCIAL ASSISTANCE 2,500
    GUSTAVUS ADOLPHUS COLLEGE
    800 WEST COLLEGE AVE
    ST PETER,MN56082     		    EDUCATION 1,000
    HABITAT FOR HUMANITY OF DOUGLAS COU
    1211 N NOKOMIS NE
    ALEXANDRIA,MN56308     		    SOCIAL SERVICES 4,000
    HANDS FOR HOPE
    629 INNER CIRCLE
    THE VILLAGES,FL32162     		    SOCIAL SERVICES 5,000
    HEAD4AWARENESS
    PO BOX 304
    CHASKA,MN55318     		    HEALTH 1,000
    HEALTHPARTNERS RESEARCH FOUNDATION
    8100 34TH AVE S
    MINNEAPOLIS,MN554401309     		    HEALTH 1,500
    HELPING HANDS
    1357 BLEASE LOOP
    THE VILLAGES,FL32162     		    SOCIAL SERVICES 3,000
    HIGHER GROUND SUN VALLEY
    120 2ND AVE
    KETCHUM,ID83340     		    SOCIAL SERVICES 5,000
    HONOR FLIGHT OF IDAHO
    PO BOX 191008
    BOISE,ID83716     		    SOCIAL SERVICES 50,000
    IDAHO FFA FOUNDATION INC
    3401 WEST PINE AVENUE
    MERIDIAN,ID83642     		    EDUCATION 6,000
    IDAHO VETERANS NETWORK
    2333 NACLERIO LANE
    BOISE,ID83705     		    SOCIAL SERVICES 1,250
    JEREMIAH PROGRAM
    1510 LAUREL AVE
    MINNEAPOLIS,MN554031266     		    SOCIAL SERVICES 9,000
    KELLY MEMORIAL FOOD PANTRY
    801 N MESA
    EL PASO,TX79902     		    SOCIAL SERVICES 50
    KNUTE NELSON
    420 12TH AVENUE E
    ALEXANDRIA,MN56308     		    ASSISTANCE TO AGING 10,000
    LOST RIVERS MEDICAL CENTER FOUNDATI
    3843 HOUSTON RD
    MACKAY,ID83251     		    HEALTH 5,000
    MINNEAPOLIS ROTARY FOUNDATION
    222 S 9TH ST
    MINNEAPOLIS,MN55402     		    SOCIAL SERVICES 4,000
    MN ACADEMY OF FAMILY PHYSICIAN FOUN
    600 S HIGHWAY 169
    SUITE 1680
    ST LOUIS PARK,MN55426     		    HEALTH 5,000
    MN STATE COMM & TECH COLLEGE
    405 COLFAX AVENUE SW
    WADENA,MN56482     		    EDUCATION 2,250
    MN STATE UNIVERSITY MANKATO
    309 WIGLES ADMIN CENTER
    MANKATO,MN560016068     		    EDUCATION 1,500
    NATIONAL PANCREATIC CANCER FOUNDATI
    600 SOUTH HWY 169
    ST LOUIS PARK,MN55426     		    HEALTH 50
    NELLIE JOHNSON SCHOOL
    807 27TH AVE N
    MINNEAPOLIS,MN55411     		    EDUCATION 5,000
    NICOLLET COMMUNITY FOUNDATION
    2148 EAGLE DRIVE N
    MANKATO,MN56003     		    SOCIAL SERVICES 28,253
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVE
    FARGO,ND58102     		    EDUCATION 800
    ND STATE COLLEGE OF SCIENCE
    800 6TH ST N
    WAHPETON,ND58076     		    EDUCATION 750
    NORTH HENNEPIN COMMUNITY COLLEGE
    7411 85TH AVE N
    BROOKLYN PARK,MN55455     		    EDUCATION 1,500
    NORTHERN LIGHTS SPECIAL OLYMPICS
    11731 EVERGREEN CIRCLE NW
    COON RAPIDS,MN55448     		    SOCIAL SERVICES 2,500
    NORTHLAND COMMUNITY AND TECHNICAL C
    2022 CENTRAL AVE NE
    E GRAND FORKS,MN56721     		    EDUCATION 1,500
    NORTHWEST MINNESOTA FOUNDATION
    103 NORTH MAIN ST
    MAHNOMEN,MN56557     		    SOCIAL SERVICES 5,000
    NORWAY HOUSE
    913 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		    EDUCATION 2,500
    OPEN ARMS
    2500 BLOOMINGTON AVE S
    MINNEAPOLIS,MN55404     		    SOCIAL SERVICES 11,147
    QVC FOUNDATION
    160 BROOKSIDE ROAD
    NEEDHAM,MA02492     		    SOCIAL SERVICES 1,500
    PIONEER FOUNDATION
    1006 SOUTH SHERIDAN ST
    FERGUS FALLS,MN56537     		    ASSISTANCE OF THE AGING 10,500
    REEL RECOVERY INC
    160 BROOKSIDE ROAD
    NEEDHAM,MA02492     		    SOCIAL SERVICES 3,000
    RIDE FOR JOY THERAPEUTIC RIDING PRO
    PO BOX 140295
    BOISE,ID83714     		    HEALTH 1,250
    RIDGEWATER - WILLMAR CAMPUS
    2101 15TH AVE NW
    WILLMAR,MN56201     		    EDUCATION 1,500
    RISING STARS THERAPEUTIC RIDING CEN
    3068 E 3400 N
    TWIN FALLS,ID83301     		    HEALTH 3,500
    RIVER VALLEY YMCA
    35575 SHEPHERDS PATH NW
    PRIOR LAKE,MN55379     		    HEALTH 1,100
    RIVERSIDE INT'L FRIENDSHIP GARDEN
    PO BOX 3473
    LACROSSE,WI54602     		    SOCIAL SERVICES 5,000
    RUNESTONE MUSEUM
    206 BROADWAY
    ALEXANDRIA,MN56308     		    EDUCATION 4,000
    SENIOR CITIZENS SERVICE
    121 NORTH BROADWAY
    ROCHESTER,MN559063720     		    SOCIAL SERVICES 1,000
    SENIOR RESOURCES OF FREEBORN COUNTY
    1659 W MAIN ST
    ALBERT LEA,MN56007     		    SOCIAL SERVICES 2,500
    SHAKOPEE DOLLARS FOR SCHOLARS
    PO BOX 734
    SHAKOPEE,MN55379     		    EDUCATION 3,000
    SHAKOPEE SENIOR GRADUATION PARTY
    PO BOX 461
    SHAKOPEE,MN55379     		    EDUCATION 2,000
    SHATTUCK ST MARY'S FOUNDATION
    1000 SHUMWAY AVENUE
    FARIBAULT,MN55021     		    EDUCATION 30,000
    ST CLOUD STATE UNIVERSITY
    720 4TH AVE S
    ST CLOUD,MN56301     		    EDUCATION 388,805
    ST OLAF COLLEGE
    1500
    ST OLAF AVE
    NORTHFIELD,MN55057     		    EDUCATION 2,000
    STANFORD UNIVERSITY
    355 GALVEZ STREET
    STANFORD,CA943056106     		    EDUCATION 1,000
    THE MENTORING NETWORK INC
    711 N DOVER COURT
    NAMPA,ID83651     		    EDUCATION 2,500
    THE SALVATION ARMY
    2445 PRIOR AVE N
    ROSEVILLE,MN55113     		    SOCIAL SERVICES 5,000
    THEATRE L'HOMME DIEU
    PO BOX 1086
    ALEXANDRIA,MN56308     		    CULTURAL 9,000
    UNIVERSITY OF HAWAII AT MANOA
    2600 CAMPUS ROAD QLCSS 1
    HONOLULU,HI96822     		    EDUCATION 1,000
    UNIVERSITY OF IDAHO
    1020 E HOMEDALE RD
    CALDWELL,ID83609     		    EDUCATION 55,000
    UNIVERSITY OF IDAHO FOUNDATION
    PO BOX 442321
    MOSCOW,ID83684     		    EDUCATION 5,000
    UNIVERSITY OF MINNESOTA
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55401     		    EDUCATION 48,000
    UNIVERSITY OF MINNESOTA CROOKSTON
    2900 UNIVERSITY AVE
    CROOKSTON,MN56716     		    EDUCATION 1,000
    UNIVERSITY OF MINNESOTA DULUTH
    1049 UNIVERSITY DR
    DULUTH,MN55812     		    EDUCATION 1,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 FRASER HALL
    106 PLEASANT STREET
    MINNEAPOLIS,MN55455     		    EDUCATION 699,194
    UNIVERSITY OF MINNESOTA MORRIS
    600 E 4TH ST
    MORRIS,MN56267     		    EDUCATION 1,000
    UNIVERSITY OF WI-LACROSSE FOUNDATIO
    1725 STATE STREET
    LACROSSE,WI54601     		    EDUCATION 38,000
    VILLAGE HONOR FLIGHT
    PO BOX 490
    LADY LAKE,FL321580490     		    EDUCATION 2,000
    VITERBO UNIVERSITY
    900 VITERBO DRIVE
    LACROSSE,WI54601     		    EDUCATION 1,500
    WIGGLE YOUR TOES
    6328 OXFORD ROAD
    SHAKOPEE,MN55379     		    SOCIAL SERVICES 1,500
    BENEVOLENCE DISCOUNTS
    PROPERTIES
    MINNEAPOLIS,MN55401     		    DISCOUNTS 83,598
    Total .................................bullet 3a 2,365,252
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    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
    aSHOREWOOD CAMPUS     16 6,374,245  
    bU VILLAGE     16 4,128,624  
    cCMSH     16 13,740,686  
    dKEELER     16 1,398,115  
    eBANFILL SR HOUSING     16 1,338,159  
    fCOBORN PLAZA     16 4,263,804  
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 311,170  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 11,100  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        659,743
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCOBORN PLAZA MISC REVENUE     16 9,056  
    bSHOREWOOD CAMPUS MISC. REV.     16 249,189  
    cU VILLAGE MISC. REV.     16 42,245  
    dKEELER MISC. REV.     16 30,563  
    eCMSH MISC. REV.     16 3,127,145  
    fBANFILL MISC REVENUE     16 22,884  
    gINCOME FROM K1     16 411,631  
    hWEDUM MISC REV     16 294  
    12 Subtotal. Add columns (b), (d), and (e)..   35,458,910 659,743
    13Total. Add line 12, columns (b), (d), and (e)..................
    1336,118,653
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 12,260      

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    TY 2014 AmortizationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
          1,578,871   158,563   158,563 1,737,434

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    TY 2014 DepreciationSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    WEDUM   115,101 120,707     22,788 22,788    
    SHOREWOOD CAMPUS   22,717,642 12,108,707     667,495   667,495  
    U VILLAGE   22,627,459 9,100,674     675,365   675,365  
    KEELER   9,204,882 2,635,572     237,934   237,934  
    CMSH   14,295,067 4,716,064     504,777   504,777  
    BANFILL   9,331,603 1,978,343     340,289   340,289  
    TRANSPORTATION   198,382 24,560            
    COBORN PLAZA   29,218,349 2,786,028     835,375   835,375  

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    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    RBC WEALTH 2014-10 PURCHASE 2014-12   75,695 81,115     -5,420  
    RBC WEALTH 2013-01 PURCHASE 2014-09   1,397,278 965,774     431,504  
    SALE OF WALNUT RIDGE 2010-06 PURCHASE 2014-05   1,400,000 1,166,341     233,659  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS 800,883 822,282

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 11,937,586 14,328,545

    TY 2014 InvestmentsOtherSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NOTE-PINE SHORE/INTERLACHEN AT COST 136,917  
    NOTE RECEIVABLE AT COST 83,081  
    INVESTMENT IN RELATED PARTY AT COST    

    TY 2014 LandEtcSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WEDUM - DEPR. ASSETS 258,696 176,647 82,049 437,865
    SHOREWOOD - DEPR. ASSETS 23,348,095 12,735,606 10,612,489 23,348,095
    U VILLAGE - DEPR. ASSETS 23,937,799 9,776,039 14,161,760 23,937,799
    KEELER - DEPR. ASSETS 9,539,460 2,750,006 6,789,454 9,539,460
    CMSH - DEPR. ASSETS 18,226,924 8,106,960 10,119,964 18,226,924
    BANFILL SR HOUSING - DEPR. ASSETS 9,500,223 2,318,632 7,181,591 9,500,223
    COBORN PLAZA 29,287,902 3,621,403 25,666,499 29,287,902
    SHOREWOOD - LAND 3,236,597   3,236,597 3,236,597
    U VILLAGE - LAND 2,226,421   2,226,421 2,226,421
    KEELER - LAND 10,350   10,350 10,350
    CMSH - LAND 1,438,645   1,438,645 1,438,645
    BANFILL SR HOUSING - LAND 600,000   600,000 600,000
    ST. CLOUD - LAND/COBORN PLAZA 3,917,139   3,917,139 3,917,139
    WEDUM FOUNDATION - LAND 258,632   258,632 258,632


    TY 2014 LegalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 5,322      


    TY 2014 MortgagesAndNotesPayableSch
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name SHOREWOOD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 29300000
    Balance Due 26380000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name U VILLAGE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 25880104
    Balance Due 23593393
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower MORTGAGE
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 3
    Lender's Name CMSH
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 19965000
    Balance Due 16770000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 4
    Lender's Name KEELER
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 12306270
    Balance Due 10847039
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 5
    Lender's Name BANFILL
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 9905000
    Balance Due 7780000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 6
    Lender's Name ST CLOUD
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 31979292
    Balance Due 24249550
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  


    TY 2014 OtherAssetsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TENANT SECURITY DEPOSITS 557,237 564,547 564,547
    SHOREWOOD - OTHER ASSETS - RESERVES 2,619,711 2,666,502 2,666,502
    U VILLAGE - OTHER ASSETS - RESERVES 1,155,740 1,399,885 1,399,885
    KEELER - OTHER ASSETS - RESERVES 1,001,871 943,476 943,476
    CMSH - OTHER ASSETS - RESERVES 1,988,260 2,091,262 2,091,262
    BANFILL - OTHER ASSETS - RESERVES 154,939 123,171 123,171
    SHOREWOOD FINANCING FEES - NET 887,636 854,802 854,802
    U VILLAGE FINANCING FEES - NET 126,649 122,917 122,917
    KEELER FINANCING FEES - NET 309,634 296,597 296,597
    CMSH - GOODWILL 6,878,617 6,878,617 6,878,617
    CMSH FINANCE FEES - NET 643,898 611,157 611,157
    PREPAID LAND LEASE 968,500 949,000 949,000
    COBORN - OTHER ASSETS - RESERVES 150,942 201,648 201,648
    COBORN FINANCE FEES - NET 46,513 262,308 262,308
    BENEFICIAL INTEREST IN CHAR REM TRUS 502,216 544,716 544,716


    TY 2014 OtherExpensesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SHOREWOOD CAMPUS        
    ADMINISTRATIVE 494,401   494,401  
    U VILLAGE        
    ADMINISTRATIVE 318,463   318,463  
    CMSH        
    ADMINISTRATIVE 428,957   428,957  
    KEELER        
    ADMINISTRATIVE 256,234   256,234  
    BANFILL SR HOUSING        
    ADMINISTRATIVE EXPENSE 208,797   208,797  
    COBORN PLAZA        
    ADMINISTRATIVE 371,917   371,917  
    EXPENSES        
    ADMINISTRATIVE EXPENSE 11,341      
    CONSULTING FEES 24,000      
    INSURANCE 22,582      
    EVENTS 21,329      
    MANAGEMENT SERVICES 534      


    TY 2014 OtherIncomeSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SHOREWOOD CAMPUS 6,374,245   6,374,245
    U VILLAGE 4,128,624   4,128,624
    CMSH 13,740,686   13,740,686
    KEELER 1,398,115   1,398,115
    BANFILL SR HOUSING 1,338,159   1,338,159
    COBORN PLAZA 4,263,804   4,263,804
    COBORN PLAZA MISC REVENUE 9,056   9,056
    SHOREWOOD CAMPUS MISC. REV. 249,189   249,189
    U VILLAGE MISC. REV. 42,245   42,245
    KEELER MISC. REV. 30,563   30,563
    CMSH MISC. REV. 3,127,145   3,127,145
    BANFILL MISC REVENUE 22,884   22,884
    INCOME FROM K1 411,631   411,631
    WEDUM MISC REV 294   294


    TY 2014 OtherIncreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value
    SHOREWOOD DEPOSITS 396,992 443,208
    U VILLAGE DEPOSITS 48,761 46,143
    KEELER DEPOSITS 37,425 35,261
    BANFILL DEPOSITS 69,142 79,917
    ACCRUED INTEREST 661,461 694,438
    PREPAID RENT 596,908 447,196
    PREPAID LAND LEASE 876,617 858,967
    ACCRUED REAL ESTATE TAX 241,356  
    OTHER ACCRUALS -90  


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN: 41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT OTHER PROFESSIONAL FEES 119,152