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
CHARLES A GUNDELACH MEMORIAL FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

43-6395177
B Telephone number (see instructions)

(314) 418-2643
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$5,275,787J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 108,061 106,173 1,888
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 261,390
b Gross sales price for all assets on line 6a 1,161,628
7 Capital gain net income (from Part IV, line 2)... 261,390
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).......      
12 Total. Add lines 1 through 11........ 369,451 367,563 1,888
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,207 42,103   42,103
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)....... Click to see attachment 10,270 0 0 10,270
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,377 1,979   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)....... Click to see attachment 815     815
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 112,669 44,082 0 53,188
25 Contributions, gifts, grants paid........ 253,069 253,069
26 Total expenses and disbursements. Add lines 24 and 25 365,738 44,082 0 306,257
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,713
b Net investment income (if negative, enter -0-) 323,481
c Adjusted net income (if negative, enter -0-)... 1,888
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............... 179    
2 Savings and temporary cash investments.......... 113,558 132,970 132,970
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,017,409 Click to see attachment4,001,461 5,142,817
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,131,146 4,134,431 5,275,787
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 4,131,146 4,134,431
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)...... 4,131,146 4,134,431
31 Total liabilities and net assets/fund balances (see instructions).. 4,131,146 4,134,431
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 4,131,146
2 Enter amount from Part I, line 27a..................... 2 3,713
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,134,859
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 428
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,134,431
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.)
1 a 12. FURIEX PHARMACEUTICALS   2008-02-12 2014-07-07
b .5 AIR LIQUIDE S A A D R   2011-06-16 2014-07-24
c .9249 CBS OUTDOOR AMERICAS INC   2014-06-20 2014-07-29
d . TOYOTA MOTOR CORP SECURITIES LITIGATION     2014-09-03
e . AMERICAN INTL GROUP INC     2014-11-26
.704 OUTFRONT MEDIA INC   2014-06-20 2015-01-08
.5 URBAN EDGE PROPERTIES W I   2011-11-15 2015-02-02
142. ALLERGAN INC   2015-03-17 2015-03-17
.2986 ACTAVIS PLC   2015-03-17 2015-04-01
1299. INTERNATIONAL GAME TECHNOLOGY   2011-06-16 2015-04-07
.3074 GOOGLE INC CL C   2011-06-16 2015-05-07
.2881 INTERNATIONAL GAME TECHNOLOGY   2011-06-16 2015-05-14
392. TRW AUTOMOTIVE HOLDINGS CORP   2014-06-20 2015-05-15
151. ANADARKO PETROLEUM CORP   2014-06-20 2015-06-12
821. APPLE COMPUTER INC COM   2011-06-16 2015-06-12
805. BAXTER INTERNATIONAL INC   2014-06-20 2015-06-12
574. BEST BUY CO INC   2014-06-20 2015-06-12
275. CANADIAN NATL RY CO   2011-06-16 2015-06-12
177. CHUBB CORPORATION   2011-06-16 2015-06-12
328. DIGITAL REALTY TRUST INC   2011-11-15 2015-06-12
581. DOUGLAS EMMITT INC   2014-06-20 2015-06-12
812. E M C CORP MASS COM   2014-06-20 2015-06-12
58. EXPRESS SCRIPTS HLDGS C   2011-06-16 2015-06-12
242. EXPRESS SCRIPTS HLDGS C   2014-06-20 2015-06-12
94. EXXON MOBIL CORP   2013-06-06 2015-06-12
162. EXXON MOBIL CORP   2014-06-20 2015-06-12
618. FIRST LONG ISLAND CORP   2011-11-15 2015-06-12
1093. GENERAL ELEC CO   1995-12-11 2015-06-12
44. GOOGLE INC CL C   2011-06-16 2015-06-12
365. GULFMARK OFFSHORE INC CL A   2014-06-20 2015-06-12
284. HASBRO INC   2014-06-20 2015-06-12
742. HOST HOTELS RESORTS INC   2014-06-20 2015-06-12
232. INTUIT INC   2011-11-15 2015-06-12
159. J & J SNACK FOODS CORP   2011-06-16 2015-06-12
885. MATTEL INC   2011-11-15 2015-06-12
777. MAXIM INTEGRATED PRODS INC   2011-11-15 2015-06-12
453. NATIONAL RETAIL PROPERTIES INC   2011-06-16 2015-06-12
294. NIKE INC   2006-02-09 2015-06-12
63. PRECISION CASTPARTS CORP   2011-06-16 2015-06-12
724. QUALCOMM INC   2014-06-20 2015-06-12
177. RALPH LAUREN CORP   2011-06-16 2015-06-12
203. SM ENERGY CO   2014-06-20 2015-06-12
99. SIMON PROPERTY GROUP INC   2011-06-16 2015-06-12
143. STERICYCLE INC   2011-06-16 2015-06-12
675. TEXAS INSTRUMENTS INC   2004-11-18 2015-06-12
319. 3M CO   2014-06-20 2015-06-12
575. UNUM GROUP   2014-06-20 2015-06-12
422. VERISK ANALYTICS INC CL A   2011-11-15 2015-06-12
265. VORNADO REALTY TRUST   2011-11-15 2015-06-12
116. WAL MART STORES INC COM   2011-06-16 2015-06-12
219. WAL MART STORES INC COM   2014-06-20 2015-06-12
818. WESTAR ENERGY INC   2011-06-16 2015-06-12
82. WYNN RESORTS LTD   2014-06-20 2015-06-12
385. ACCENTURE PLC CL A   2011-06-16 2015-06-12
216. EATON CORP PLC   2014-06-20 2015-06-12
509. C J ENERGY SERVICES LTD   2014-06-20 2015-06-12
236. INTERNATIONAL GAME TECHNOLOGY   2011-06-16 2015-06-12
152. SIGNET JEWELERS LTD   2014-06-20 2015-06-12
120. PERRIGO CO PLC   2013-12-19 2015-06-12
81. PERRIGO CO PLC   2013-12-19 2015-06-12
. NORTEL NETWORKS CORP NEW     2015-06-18
. BAIN CAPITAL     2015-06-22
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,140   221 919
b 13   11 2
c 30   25 5
d 127     127
e 440     440
19   19  
12   8 4
34,300   11,932 22,368
88   91 -3
23,409   21,303 2,106
163   77 86
5   6 -1
41,395   34,419 6,976
12,554   16,847 -4,293
104,347   38,026 66,321
54,924   59,536 -4,612
19,586   16,329 3,257
16,296   10,226 6,070
17,199   11,091 6,108
21,819   20,928 891
16,576   16,433 143
21,924   21,419 505
5,069   3,221 1,848
21,149   16,597 4,552
7,901   8,009 -108
13,616   16,829 -3,213
16,458   10,679 5,779
29,876   12,887 16,989
23,412   10,968 12,444
4,545   16,505 -11,960
20,669   14,975 5,694
14,743   16,583 -1,840
24,292   12,509 11,783
17,283   7,560 9,723
23,054   23,627 -573
26,293   21,033 5,260
16,457   10,370 6,087
30,518   6,179 24,339
13,101   9,548 3,553
48,491   57,606 -9,115
23,925   21,492 2,433
9,385   16,547 -7,162
17,524   10,338 7,186
19,409   12,209 7,200
35,770   16,920 18,850
50,403   46,147 4,256
21,218   20,389 829
31,303   15,909 15,394
25,970   18,932 7,038
8,402   6,120 2,282
15,863   16,548 -685
28,384   21,503 6,881
8,426   16,494 -8,068
36,963   20,763 16,200
15,521   16,441 -920
7,451   16,693 -9,242
4,339   4,776 -437
19,945   16,791 3,154
22,174   18,265 3,909
14,968   12,329 2,639
27     27
136     136
      829
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       919
b       2
c       5
d       127
e       440
       
      4
      22,368
      -3
      2,106
      86
      -1
      6,976
      -4,293
      66,321
      -4,612
      3,257
      6,070
      6,108
      891
      143
      505
      1,848
      4,552
      -108
      -3,213
      5,779
      16,989
      12,444
      -11,960
      5,694
      -1,840
      11,783
      9,723
      -573
      5,260
      6,087
      24,339
      3,553
      -9,115
      2,433
      -7,162
      7,186
      7,200
      18,850
      4,256
      829
      15,394
      7,038
      2,282
      -685
      6,881
      -8,068
      16,200
      -920
      -9,242
      -437
      3,154
      3,909
      2,639
      27
      136
       
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 2 261,390
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 299,714 5,293,549 0.056619
2012 374,852 4,680,914 0.080081
2011 93,021 4,165,667 0.02233
2010 215,742 4,106,911 0.052531
2009 90,224 3,620,572 0.02492
2 Total of line 1, column (d) ...................... 2 0.236481
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 0.047296
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,472,161
5 Multiply line 4 by line 3....................... 5 258,811
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,235
7 Add lines 5 and 6......................... 7 262,046
8 Enter qualifying distributions from Part XII, line 4.............. 8 306,257
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 3,235
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,235
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 3,235
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,178
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 9,178
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 0
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 5,943
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,618 RefundedBullet 11 4,325
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)
    bulletMO
    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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletUS BANK NA Telephone no.bullet (314) 418-2643
    Located atbulletPO BOX 387ST LOUISMO ZIP+4bullet63166
    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
     
    No
    .........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
     
    No
    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
    US BANK NA TRUSTEE
    0     		84,207    
    PO BOX 387
    ST LOUIS,MO63166
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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  
    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
    5,448,877
    b
    Average of monthly cash balances.......................
    1b
    106,616
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,555,493
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,555,493
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    83,332
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,472,161
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    273,608
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    273,608
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,235
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,235
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    270,373
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    270,373
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    270,373
    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
    306,257
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    306,257
    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
    3,235
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    303,022
    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 7 270,373
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 51,866
    e From 2013....... 53,393
    fTotal of lines 3a through e......... 105,259
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 306,257
    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..... 270,373
    e Remaining amount distributed out of corpus 35,884
    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 5 141,143
    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) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		141,143
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 51,866
    d Excess from 2013.... 53,393
    e Excess from 2014.... 35,884
    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).)
    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
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    STANFORD UNIVERSITY
    ATTN FUND ACCOUNTING
    PALO ALTO,CA94304     		NONE PUBLIC EXEMPT PURPOSE 192,272
    WHEAT RIDGE MINISTRIES
    ATTN JOHN D WALZ
    ONE PIERCE PLACE SUITE 250E
    ITASCA,IL60143     		NONE PUBLIC EXEMPT PURPOSE 32,140
    ROLLINS COLLEGE
    1000 HOLT AVENUE - 2715
    WINTER PARK,FL327892715     		NONE PUBLIC EXEMPT PURPOSE 22,766
    AMERICAN HEART ASSN CA AFFILIATE
    ATTN TERESITA MARCELO MAALIHAN
    BURLINGAME,CA940101317     		NONE PUBLIC EXEMPT PURPOSE 5,891
    Total .................................bullet 3a 253,069
    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
    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....     14 108,061  
    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 .............     		    18 261,390  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   369,451  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13369,451
    (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:
    CHARLES A GUNDELACH MEMORIAL FUND
    EIN: 43-6395177
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 10,270     10,270

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CHARLES A GUNDELACH MEMORIAL FUND
    EIN: 43-6395177
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EMERSON ELEC CO 56,522 58,423
    GENERAL DYNAMICS CORP 14,515 44,066
    GENERAL ELEC CO 10,694 24,099
    UNITED TECHNOLOGIES CORP 10,531 28,509
    EXXON MOBIL CORP 16,139 21,299
    NIKE INC 5,002 25,709
    PROCTER & GAMBLE CO 11,004 26,210
    JOHNSON & JOHNSON 39,572 53,408
    ACE LTD 38,151 73,820
    AMERICAN EXPRESS CO 9,835 19,585
    VERIZON COMMUNICATIONS INC 14,961 23,958
    INTEL CORP 47,946 68,981
    MICROSOFT CORP 10,589 79,470
    TEXAS INSTRUMENTS INC    
    PHILIP MORRIS INTL INC 11,846 25,334
    CUMMINS INC 84,811 103,902
    ECOLAB INC 6,452 15,151
    INTERCONTINENTALEXCHANGE INC 6,666 10,957
    STERICYCLE INC 13,569 24,773
    DBS GROUP HLDGS LTD 11,325 14,474
    NESTLE SA SPONS ADR 30,871 52,244
    ROCHE HLDG LTD SPONS ADR 10,026 15,992
    ANSYS INC 3,390 6,843
    CABOT MICROELECTRONICS CORP 2,057 3,816
    PERRIGO CO 27,854 33,824
    GLAXO SMITHKLINE PLC ADR 3,085 3,499
    UNILEVER PLC SPSD ADR 3,838 7,776
    FURIEX PHARMACEUTICALS 221 117
    AMAZON COM INC 9,384 22,139
    AMERICAN TOWER CORP 21,117 39,275
    APPLE INC 36,637 99,211
    APTAR GROUP INC 21,240 26,911
    BERKSHIRE HATHAWAY CL B 42,332 77,310
    BORG WARNER 37,872 42,914
    BRISTOL MYERS SQUIBB 10,367 25,086
    CAPITAL ONE FINANCIAL CORP 48,181 86,562
    CHEVRON CORP 64,766 63,284
    CHUBB CORP    
    CITIGROUP INC 51,742 86,174
    CONOCOPHILLIPS 15,198 16,949
    EMC CORP 76,109 76,663
    EXPRESS SCRIPTS INC 36,928 59,145
    GILEAD SCIENCES INC 6,755 39,924
    GORMAN RUPP CO 21,782 25,075
    GRANITE CONSTR INC 21,342 30,858
    INTERNATION GAME TECH    
    J&J SNACK FOODS CORP 14,692 34,197
    LAUDER ESTEE COS INC 10,461 18,805
    MASTER CARD 8,993 31,503
    MATTEL INC 14,975 15,799
    MERECK & CO 13,033 21,121
    MORGAN STANLEY 9,503 19,783
    NATIONAL RETAIL PROP 10,255 15,684
    ORACLE CORP 56,589 73,709
    PPG INDS 12,764 35,104
    PRECISION CASTPARTS CORP    
    PRICELINE COM 22,190 55,266
    QUALCOMM INC 51,834 58,872
    SIMON PROPERTY GROUP 9,711 16,091
    STARBUCKS CORP 11,494 35,064
    UNIT CORP 37,478 25,140
    VARIAN MED SYS 26,683 34,407
    VISA INC CL,A 16,208 58,286
    WAL MART STORES 25,536 34,330
    WESTAR ENERGY INC    
    WESTERN DIGITAL CORP 22,481 51,365
    ACCENTURE PLC CL A    
    AIR LIQUIDE SA 21,084 24,714
    ARM HLDGS PLC 20,617 37,790
    BG GROUP PLC 20,961 16,361
    CANDAIAN NATL RY CO 10,895 16,921
    DASSAULT SYSTEMES SA 21,229 38,419
    JGC CORP UNSPONSORED 38,829 28,683
    ROYAL DUTCH SHELL PLC 43,444 36,714
    SAP AG 21,206 25,213
    SCHLUMBERGER LTD 39,562 43,354
    TREASURY WINE ESTATES LTD 1,838 3,264
    TURKIYE NV AD 21,801 15,711
    UNILEVER NV ADR 21,431 28,493
    ALLERGAN INC 15,860 15,780
    CISCO SYS INC 37,471 48,275
    COGNIZANT TECH SOLUTIONS CL A 25,265 44,229
    DIGITAL REALTY TRUST INC    
    FIRST LONG ISLAND CORP 10,109 16,216
    FOSTER L B CO CL A 11,268 12,910
    HARSCO CORP 11,812 16,753
    INTUIT INC 8,358 15,619
    MAXIM INTEGRATED PRODS INC    
    PARKER HANNIFIN 52,431 62,935
    PRAXAIR INC 26,250 30,963
    RALPH LAUREN CORP    
    STURM RUGER & CO 20,986 36,825
    UTAH MED PRODS INC 11,261 24,746
    VERISK ANALYTICS INC CL A 21,413 41,328
    VORNADO REALTY TRUST    
    WHITESTONE REIT B 31,685 39,060
    COCHLEAR LTD UNSPON ADR 24,836 27,285
    FANUC CORP ADR 20,635 25,384
    MTN GROUP LTD ADR 20,179 22,469
    SONOVA HOLDING UNSPON ADR 27,825 36,044
    ABBVIE INC 8,120 27,951
    ALEXION PHARMACEUTICALS 17,193 18,800
    ANADARKO PETROLEUM CORP    
    BALDWIN LYONS INC 16,620 15,009
    BANK OF AMERICA 20,221 22,211
    BAXTER INTERNATIONAL INC    
    BED BATH BEYOND INC 55,176 63,324
    BEST BUY CO    
    CJ ENRGY SERVICES INC    
    CBS CORP CLASS B NON VOTING 13,587 12,987
    CERNER CORP 16,547 21,961
    COACH INC 32,510 32,603
    CR BARD INC 4,178 7,340
    DOUGLAS EMMITT INC    
    DOVER CORP 16,593 12,913
    ESSEX PPTY TR INC 16,658 19,338
    GOOGLE INC CL A 14,042 30,242
    GOOGLE INC CL C 16,950 35,395
    GRAINGER WW INC 55,140 51,353
    GULFMARK OFFSHORE INC CL A    
    HEALTH CARE REIT INC 16,499 17,326
    HOST HOTELS RESORTS INC    
    LKQ CORP 22,110 25,103
    M T BANK CORPS 46,798 46,974
    MARCUS CORP 27,493 29,767
    MASCO CORP 16,279 20,029
    MCKESSON CORP 16,745 20,233
    MEAD JOHNSON NUTRITION CO 29,791 28,870
    NATIONAL OILWELL VARCO 49,323 36,982
    NATIONAL PRESTO INDS INC 16,688 18,554
    NEWFIELD EXPL CO 16,606 14,015
    NORFOLK SOUTHN CORP 66,948 56,085
    PIONEER NAT RES CO 19,337 11,650
    REGIONS FINL CORP 16,659 16,079
    ROCKWELL AUTOMATION INC 16,893 16,577
    SEAL AIR CORP 16,783 24,714
    SM ENERGY CO    
    STAPLES INC 16,603 22,674
    SUN HYDRAULICS 16,165 15,396
    THE GAP 62,021 58,247
    TRW AUTOMOTIVE HOLDINGS CORP    
    UNUM GROUP 47,798 48,191
    WASHINGTON PRIME GROUP    
    WYNN RESORTS LTD    
    3M CO 16,202 17,282
    JP MORGAN CHASE CO 78,904 93,102
    ALLIANZ SE ADR 28,392 26,404
    ATLAS COPCO AB SPONS ADR 16,635 16,140
    BAYERISCHE MOTOREN WERKE 33,857 31,331
    BUNGE LIMITED 16,616 19,228
    CSI LIMITED ADR 16,456 17,216
    EATON CORP PLC    
    ICICI BANK LTD ADR 16,345 17,454
    ITAU UNIBANCO HOLDINGS ADR 19,896 14,476
    LYONDELLBASELL INDUSTRIES 16,845 17,391
    MITSUBISHI ESTATE LTR ADR 16,939 14,361
    SCHNEIDER ELECT SA UNSP ADR 19,558 14,253
    SIGNET JEWELERS LTD    
    SYMRISE AG UNSPON ADR 16,541 18,613
    TAIWAN SEMICONDUCTOR ADR 21,052 22,551
    WPP PLC SPON ADR 25,532 26,376
    AIA GROUP LDT ADR 17,154 17,168
    AMERISOURCEBERGEN CORP 16,415 15,845
    AMPHENOL CORP CL A 16,453 16,521
    APOGEE ENTERPRISES INC 16,511 15,213
    BAIDU COM INC ADR 20,741 19,908
    BIOMED REALTY TRUST INC 16,315 15,685
    BOEING CO 39,536 38,425
    BUCKLE INC 16,381 16,660
    CBRE GROUP INC 16,356 16,206
    CIGNA CORP 16,212 19,116
    COLUMBUS MCKINNON CORPORATION 16,319 16,925
    CORE LABORATORIES NV 29,165 27,142
    COSTCO WHSL CORP 16,395 15,937
    ENSCO PLC CL A 41,450 39,106
    EPR PROPERTIES 16,288 15,831
    ERICSSON LM TEL SP ADR 16,410 15,054
    HARTFORD FINANCIAL SERVICES GR 16,349 16,088
    HONEYWELL INERNATIONAL INC 33,008 32,324
    ICU MEDICAL INC 16,310 16,358
    IMPERIAL OIL LTD 15,930 15,950
    LINCOLN NATIONAL CORP 26,027 25,169
    LINDE AG ADR 16,187 15,968
    LOREAL UNSPONSORED ADR 16,150 15,474
    LVMH MOET HENNSSY ADR 16,114 15,466
    MAGNA INTL INC CL A 20,463 19,632
    MARRIOTT INTL INC 16,235 15,771
    MEDNAX INC 16,429 16,897
    MEDTRONIC PLC 16,225 15,932
    MONARCH CASINO & RESORT 16,327 16,818
    NOVO NORDISK AS ADR 17,818 16,976
    OCCIDENTAL PETROLEUM CORP 16,170 16,176
    OUTFRONT MEDIA INC 2,621 2,474
    PNC FINANCIAL SERVICES GROUP 40,242 39,121
    PPL CORP 16,198 15,796
    SALESFORCE COM INC 16,231 15,736
    SANDS CHINA LTD UNSPONS ADR 16,513 15,312
    TYSON FOODS INC 26,854 27,496
    URBAN EDGE PROPERTIES W I 1,979 2,744
    WP GLIMCHER INC 1,276 1,299
    XILINX INC 16,215 15,324

    TY 2014 OtherDecreasesSchedule
    Name:
    CHARLES A GUNDELACH MEMORIAL FUND
    EIN: 43-6395177
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    CHARLES A GUNDELACH MEMORIAL FUND
    EIN: 43-6395177
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NONALLOCABLE EXPENSES - 815 0   815


    TY 2014 TaxesSchedule
    Name:
    CHARLES A GUNDELACH MEMORIAL FUND
    EIN: 43-6395177
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 15,398 0   0
    FOREIGN TAXES PAID 1,979 1,979   0