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
BEIDERWELL FOUNDATION US BANK TRUSTEE
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2400   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PADUCAH, KY420022400
A Employer identification number

61-1221699
B Telephone number (see instructions)

(270) 575-5340
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$1,668,163J 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...... 29,853 29,853  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 70,119
b Gross sales price for all assets on line 6a 957,390
7 Capital gain net income (from Part IV, line 2)... 70,119
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 1,925 1,925  
12 Total. Add lines 1 through 11........ 101,897 101,897  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,715 24,715   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,440 5,440   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,473 818   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 238 238   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,866 31,211   0
25 Contributions, gifts, grants paid........ 79,571 79,571
26 Total expenses and disbursements. Add lines 24 and 25 113,437 31,211   79,571
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,540
b Net investment income (if negative, enter -0-) 70,686
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets 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.......... 129,954 123,721 123,721
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 573,531 Click to see attachment618,356 713,288
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)........... 836,211 Click to see attachment786,592 831,154
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) 1,539,696 1,528,669 1,668,163
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 79,571 80,084
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).......... 79,571 80,084
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......... 1,460,591 1,460,591
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -466 -12,006
30 Total net assets or fund balances (see instructions)...... 1,460,125 1,448,585
31 Total liabilities and net assets/fund balances (see instructions).. 1,539,696 1,528,669
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,460,125
2 Enter amount from Part I, line 27a..................... 2 -11,540
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,448,585
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,448,585
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 SEE ATTACHED SCHEDULE P    
b SEE ATTACHED SCHEDULE P    
c SEE ATTACHED SCHEDULE P    
d SEE ATTACHED SCHEDULE P    
e CAPITAL GAINS 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 310,484   317,576 -7,092
b 198,465   191,507 6,958
c 81,814   83,068 -1,254
d 359,261   295,120 64,141
e 7,366     7,366
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       -7,092
b       6,958
c       -1,254
d       64,141
e       7,366
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 70,119
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 79,571 1,669,293 0.047667
2012 78,813 1,600,700 0.049237
2011 77,134 1,566,363 0.049244
2010 79,260 1,585,219 0.049999
2009 74,237 1,484,736 0.050000
2 Total of line 1, column (d) ...................... 2 0.246147
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 0.049229
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,630,306
5 Multiply line 4 by line 3....................... 5 80,258
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 707
7 Add lines 5 and 6......................... 7 80,965
8 Enter qualifying distributions from Part XII, line 4.............. 8 79,571
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 1,414
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 1,414
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 1,414
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,920
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 3,920
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 2,506
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,506 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 Telephone no.bullet (270) 575-5340
    Located atbullet4TH BROADWAYPADUCAHKY ZIP+4bullet42001
    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
    US BANK NA TRUSTEE
    1.00     		24,715 0 0
    PO BOX 2400
    PADUCAH,KY420022400
    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.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,563,291
    b
    Average of monthly cash balances.......................
    1b
    91,842
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,655,133
    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
    1,655,133
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    24,827
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,630,306
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    81,515
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    81,515
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,414
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,414
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    80,101
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    80,101
    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
    80,101
    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
    79,571
    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
     
    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
    79,571
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    79,571
    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 80,101
    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....... 1,495
    b From 2010....... 1,973
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 3,468
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 79,571
    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..... 79,571
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 530 530
    (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 2,938
    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) ...     		965
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,973
    10 Analysis of line 9:
    a Excess from 2010.... 1,973
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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 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
    MURRAY STATE UNIVERSITY
    102 CURRIS CENTER
    MURRAY,KY42071     		NONE PUBLIC UNIVERSITY SCHOLARSHIPS 39,786
    PADUCAH JUNIOR COLLEGE
    4810 ALBEN BARKELY DR
    PADUCAH,KY42001     		NONE PUBLIC UNIVERSITY SCHOLARSHIPS 39,785
    Total .................................bullet 3a 79,571
    bApproved for future payment
    Total .................................bullet 3b 0
    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....         29,853
    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.....         1,925
    8
    Gain or (loss) from sales of assets other than inventory .............     		        70,119
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 101,897
    13Total. Add line 12, columns (b), (d), and (e)..................
    13101,897
    (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.)
    4,8 MET.
    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:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WILLIAMS, WILLIAMS & LENTZ 5,440 5,440   0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE CO INC, 15.000 SHS 908 1,112
    ACCOR SA S D R, 184 SH 1,696 2,028
    ACE LTD, 25 SHS. 1,280 2,662
    ACTAVIS PLC, 12 SHS 3,178 3,682
    ACTIVISION BLIZZARD INC, 80.000 SHS 1,516 2,021
    AEGON N V NY REG SHR, 216 SHS 1,671 1,657
    AETNA INC, 30.000 SHS 2,683 3,539
    AGILENT TECHNOLOGIES INC, 25.000 SHS 994 1,030
    AIA GROUP LTD, 138 SHS 2,411 3,642
    AIR LIQUIDE S A ADR, 106 SHS 2,093 2,736
    AIRBUS GROUP NV A D R, 183 SH 2,872 3,078
    AKAMI TECHNOLOGIES INC, 35.000 SHS 2,113 2,669
    AKORN INC COM, 25.000 SHS 951 1,147
    ALLEGHENY TECHNOLOGIES INC, 36 SH. 1,124 1,170
    ALLIANZ SE ADR, 165 SHS 2,199 2,604
    AMAG PHARMACEUTICALS INC, 10.000 SHS 464 696
    AMAZON COM INC, 16 SHS 5,298 6,868
    AMERICA MOVIL A D R, 78 SH 1,652 1,638
    AMERICAN AXLE & MFG HLDGS INC, 50.000 SHS 1,139 1,255
    AMERICAN EQUITY INVT LIFE HI, 40.000 SHS 1,119 1,016
    AMERICAN STATES WATER CO, 25.000 SHS 926 961
    AMERISOURCEBERGEN CORP, 18 SHS 1,326 2,026
    AMN HEALTHCARE SVCS INC, 45.000 SHS 838 1,197
    AMPHENOL CORP CL A, 60.000 SHS 3,138 3,423
    AMSURG CORP, 20.000 SHS 1,071 1,347
    AMTRUST FINANCIAL SERVICES, 5.000 SHS 270 301
    ANHEUSER BUSCH INBEV, 27 SHS. 2,294 3,255
    ANSYS INC, 15.000 SHS 1,192 1,335
    APPLE INC, 100 SHS. 7,643 13,028
    ARCBEST CORP, 20.000 SHS 837 684
    ARCHER DANIELS MIDLAND CO, 60.000 SHS 2,996 3,171
    ARM HLDGS PLC ADR; 98 SHS 2,450 5,220
    ARRIS GROUP INC, 105.000 SHS 3,037 3,466
    ATLAS COPCO AB SPONS ADR, 51 SHS 713 1,556
    AUTODESK INC, 30.000 SHS 1,720 1,624
    AXA A D R, 70 SH 1,795 1,798
    AZZ INCORPORATED, 10.000 SHS 437 479
    B G GROUP PLC ADR, 242 SHS 4,332 4,247
    BAIDU COM INC A D R, 5 SH 775 987
    BANCO BILBAO VIZCAYA ARGEN A D R, 347 SH 4,307 3,432
    BARCLAYS PLC ADR, 109 SHS 1,973 1,802
    BAYER AG A D R, 10 SHS 1,463 1,428
    BAYERISCHE MOTOREN WERKE UNSPN ADR; 50 SHS 1,503 1,841
    BBCN BANCORP INC, 60.000 SHS 797 864
    BERKSHIRE HATHAWAY INC, 80 SHS 8,973 11,440
    BIO RAD LABS INC, 10.000 SHS 1,192 1,444
    BIOGEN INC, 8.000 SHS 2,829 3,176
    BOISE CASCADE CO, 30.000 SHS 1,108 1,063
    BORG WARNER INC, 40.000 SHS 2,156 2,406
    BRUNSWICK CORP, 25.000 SHS 1,285 1,276
    BUFFALO WILD WINGS INC, 6.000 SHS 1,115 916
    BUNGE LIMITED, 16 SHS 1,170 1,481
    CABOT MICROELECTRONICS CORPORATION, 20 SH 858 829
    CANADIAN NATL RY CO, 65 SHS. 3,546 3,858
    CAPITAL ONE FINANCIAL CORP, 31 SHS 1,650 2,590
    CARDINAL HEALTH INC, 30.000 SHS 2,459 2,645
    CARDTRONICS INC, 25.000 SHS 929 912
    CENTENE CORP, 70.000 SHS 3,678 5,274
    CHECK POINT SOFTWARE TECH LTD, 22 SHS 1,137 1,864
    CHEMICAL FINANCIAL CORP, 15.000 SHS 439 454
    CHR HANSEN HOLDING SPON A D R, 140 SHS 3,044 3,437
    CINEMARK HLDGS INC, 25.000 SHS 843 1,013
    CISCO SYSTEMS INC, 98.000 SHS 2,650 2,872
    CME GROUP INC, 33 SH 2,560 3,109
    CNO FINANCIAL GROUP INC, 65.000 SHS 1,070 1,170
    COACH INC, 171 SHS 7,700 6,048
    COGNIZANT TECH SOLUTIONS CRP, 144 SHS 5,368 9,320
    COHERENT INC, 10.000 SHS 568 622
    COMCAST CORP CL A, 45.000 SHS 2,480 2,631
    COMMUNITY TR BANCORP INC, 10.000 SHS 348 328
    CONOCOPHILLIPS, 30.000 SHS 1,899 1,910
    COOPER COS INC, 20 SH 3,382 3,635
    CORE LABORATORIES N V, 64 SH 10,207 7,519
    COSTCO WHSL CORP, 25.000 SHS 3,487 3,565
    CR BRAND INC, 6.000 SHS 1,021 1,022
    CRANE CO, 5.000 SHS 284 303
    CSL LIMITED ADR; 45 SHS 777 1,601
    CSX CORP, 65.000 SHS 2,209 2,215
    CUMMINS INC; 40 SHS 3,886 5,422
    CVS HEALTH CORPORATION, 40.000 SHS 3,838 4,095
    CYBERONICS INC, 15.000 SHS 822 960
    D R HORTON INC, 110.000 SHS 2,801 2,873
    D S T SYSTEMS INC, 25.000 SHS 2,362 2,960
    DAIMLER AG, 31 SH 2,489 2,919
    DARDEN RESTAURANTS INC, 25.000 1,503 1,638
    DASSAULT SYSTEMES SA ADR, 46 SHS 1,639 3,601
    DBS GROUP HLDGS LTD, 25 SHS 1,057 1,497
    DELTA AIR LINES INC, 70.000 SHS 3,281 3,004
    DENSO CORPORATION A D R, 70 SHS 1,659 1,823
    DEPOMED INC, 50.000 SHS 811 1,043
    DEUTSCHE BOERSE AG UNSPN A D R, 219 SH 1,742 1,748
    DEUTSCHE POST AG A D R, 54 SHS 1,719 1,633
    DOVER CORP, 18 SH 1,344 1,357
    DOW CHEM CO, 55.000 SHS 2,390 2,864
    E TRADE FINANCIAL CORP, 120.000 SHS 2,752 3,535
    EASTMAN CHEM CO, 25.000 SHS 1,826 1,919
    EATON VANCE CORP, 40.000 SHS 1,574 1,624
    EBAY INC, 61 SHS. 2,833 3,743
    ECHOSTAR CORPORATION A, 30.000 SHS 1,479 1,503
    ELECTRONICS FOR IMAGING INC, 25.000 SHS 992 1,081
    EMC CORPORATION, 132.000 SHS 3,194 3,477
    EMERGENT BIOSOLUTIONS INC, 30.000 SHS 801 956
    ENANTA PHARMACEUTICALS INC, 30.000 SHS 1,000 818
    ENERSYS, 15.000 SHS 886 1,000
    ENTERGRIS INC, 65.000 SHS 806 905
    EURONET WORLDWIDE INC, 15.000 SHS 781 897
    EXPRESS SCRIPTS, INC, 157 SHS. 9,791 13,681
    EXXON MOBIL CORP, 25 SH 2,264 2,130
    FACEBOOK INC A, 30.000 SHS 2,281 2,376
    FANUC CORPORATION, 87 SHS 2,271 3,280
    FINISAR CORPORATION, 45.000 SHS 841 985
    FIRSTMERIT CORP, 45.000 SHS 797 884
    FOOT LOCKER INC, 50.000 SHS 2,846 3,160
    FORD MOTOR CO, 130.000 SHS 1,955 1,972
    FRESENIUS MED CARE. 38 SHS 1,155 1,626
    FUCHS PETROLUB SE PREF A D R, 99 SHS 1,002 1,088
    G A T X CORP, 30.000 SHS 1,621 1,671
    GEA GROUP AG SPON A D R, 30 SH 1,331 1,462
    GENERAL DYNAMCIS CORP, 10.000 SHS 1,353 1,402
    GILEAD SCIENCES INC, 30 SHS. 2,978 3,368
    GLOBAL PAYMENTS INC, 20.000 SHS 1,580 2,088
    GOLDMAN SACHS GROUP INC, 14.000 SHS 2,621 2,887
    GOOGLE INC CL A , 10 SH 4,925 5,453
    GOOGLE INC CL C, 10 SH 1,998 2,128
    GRAND CANYON EDUCATION INC, 25.000 SHS 1,121 1,068
    GRAPHIC PACKAGING HLDG CO, 60.000 SHS 817 854
    GREENBRIER COS INC, 10.000 SHS 523 602
    HALLIBURTON CO, 35.000 SHS 1,372 1,589
    HANESBRANDS INC, 100.000 SHS 2,739 3,186
    HEINEKEN NV SPN A D R, 42 SH 1,463 1,651
    HELEN OF TROY CORP LTD, 15 SHS 969 1,312
    HEWLETT PACKARD CO, 75.000 SHS 2,977 2,505
    HILLTOP HOLDINGS INC, 55.000 SHS 984 1,201
    HITACHI LTD, 21 SHS. 1,182 1,426
    HOLCIM LTD UNSPON A D R, 110 SHS 1,640 1,734
    HOME DEPOT INC, 30.000 SHS 3,128 3,343
    HONG KONG EXCHANGES A D R, 71 SH 1,149 2,712
    HORACE MANN EDUCATORS CORP, 15.000 SHS 487 516
    HSBC HOLDINGS PLC SPONS A D R, 30 SHS 1,467 1,425
    I C I C I BANK LIMITED ADR, 205 SHS 1,613 2,165
    ICONIX BRAND GROUP INC, 25.000 SHS 826 645
    IDACORP INC, 5.000 SHS 330 297
    IGATE CORPORATION, 25.000 967 1,188
    IMPERIAL OIL LTD, 40 SHS 1,812 1,568
    INFINEON TECHNOLOGIES A G A D R, 155 SHS 1,610 2,030
    INTEGRATED DEVICE TECHNOLOGY INC, 45.000 SHS 822 1,064
    INTEGRATED SILICON SOLUTION INC, 35.000 SHS 551 718
    INTEGRYS ENERGY GROUP INC, 20.000 SHS 1,565 1,438
    INTERCONTINENTAL EXCHANGE INC, 10.000 SHS 2,183 2,368
    INTERNATIONAL GAME TECHNOLOGY, 10 SHS 202 181
    INTUIT INC, 30.000 SHS 2,659 3,124
    ITAU UNIBANCO HOLDINGS, 124 SHS 1,717 1,327
    J2 GLOBAL INC, 15.000 SHS 900 996
    JGC CORP, 24 SHS. 1,321 958
    JOHNSON JOHNSON, 30 SHS 2,371 3,004
    JOY GLOBAL INC, 25.000 SHS 1,074 973
    JULIUS BAER GROUP LTD A D R, 103 SH 1,026 1,123
    KAPSTONE PAPER & PACKAGING CORP, 20.000 SHS 576 539
    KEYCORP, 120 SHS 1,582 1,750
    KEYSIGHT TECHNOLOGIES INC, 5 SHS 170 164
    KONINKLIJKE DSM NV ADR, 100 SH 1,865 1,497
    KONINKLIJKE PHILIPS NVR NY A D R, 55 SH 1,882 1,501
    KONINKLIJKE ROYAL KPN NV AP ADR, 501 SH 1,832 1,854
    KORN FERRY INTL, 35 SHS 982 1,123
    LA Z BOY INC, 35 SHS 918 929
    LABORATORY CORP OF AMERICA HOLDINGS, 4 SHS 468 472
    LAKELAND FINANCIAL CORP, 20 SHS 815 792
    LEAR CORP, 25 SHS 2,400 2,900
    LINCOLN NATIONAL CORP, 60 SHS 3,271 3,421
    LINDE AG A D R, 57 SHS 1,063 1,102
    LINKEDIN CORP A, 13 SHS 2,851 2,534
    LITHIA MOTORS INC CL A, 10 SHS 860 1,064
    LITTELFUSE INC, 10 SHS 941 967
    LKQ CORP, 162.000 SH 4,516 4,628
    LOREAL CO UNSPONSORED ADR, 65 SHS 1,417 2,464
    LOWES CO IN, 45 SHS 3,063 3,149
    LVMH MOET HENNESSY LOU VUITT ADR, 31 SHS 903 1,108
    M T BANK CORP, 50 SH 5,741 6,044
    MADDEN STEVEN LTD, 30 SHS 896 1,133
    MAGNA INTL INC CL A, 60 SHS 3,202 3,451
    MARVELL TECHNOLOGY GROUP LTD, 190 SHS 2,861 2,658
    MASCO CORP, 70 SHS 1,742 1,895
    MASTEC INC, 25 SHS 516 441
    MATRIX SERVICE CO, 20 SHS 396 337
    MAXIMUS INC, 30 SHS 1,592 1,961
    MCKESSON CORPORATION, 16 SHS 3,431 3,796
    MEAD JOHNSON NUTRITION CO, 43 SHS 4,376 4,184
    MEDASSETS INC, 45 SHS 862 939
    MEDNAX INC, 20 SHS 1,317 1,424
    MENTOR GRAPHICS CORP, 40 SHS 852 1,044
    MERCK AND CO INC, 45 SHS 2,770 2,740
    MICRON TECHNOLOGY INC, 100 SHS 3,220 2,793
    MICROSEMI CORP, 30 SHS 813 1,092
    MICROSOFT CORP, 52.000 SHS 1,508 2,437
    MITSUBISHI ESTATE LTD A D R, 121 SH 3,453 2,687
    MONOTARO CO LTD UNSP A D R, 25 SH 610 899
    MONSANTO CO, 30 SH 3,228 3,509
    MORGAN STANLEY, 75 SHS 2,764 2,865
    MTN GROUP LTD, 78 SHS 1,544 1,398
    MURPHY OIL CORP, 20 SHS 929 869
    MYRIAD GENETICS INC, 15 SHS 550 509
    NABORS INDUSTRIES LTD, 70 SH 912 1,032
    NATIONAL OILWELL VARCO INC, 114 SHS. 7,004 5,608
    NESTLE SA SPONS ADR, 86 SHS 4,843 6,660
    NEWFIELD EXPL CO, 43 SHS 995 1,626
    NIKE INC, 40 SH 3,033 4,067
    NIPPON TELEGRAPH TELE A D R, 66 SH 1,816 2,288
    NORTHROP GRUMMAN CORPORATION, 20 SHS 2,973 3,184
    NOVARTIS AG ADR, 18 SHS 1,250 1,849
    NOVO NORDISK AS ADR, 111 SHS 4,107 6,269
    NOW INC DE W I, 9 SHS 243 208
    ORACLE CORPORATION, 57 SHS. 1,698 2,479
    ORBITAL ATK INC, 15 SHS 847 1,147
    OTSUKA HOLDINGS LTD A D R, 90 SH 1,397 1,406
    PERRIGO CO; 50 SHS 7,610 9,515
    PINNACLE FOODS INC, 55 SHS 1,950 2,318
    PLATRONICS INC, 15 SHS 760 828
    PORSCHE AUTOMOBIL HLDG SE A D R, 178 SH 1,562 1,570
    PORTLAND GENERAL ELECTRIC COMPANY, 22 SH 649 769
    PRAXAIR INC, 22 SHS 2,873 2,703
    PRICELINE COM INC, 4 SHS. 3,458 4,688
    PRIMORIS SERVICES CORP, 40 SHS 860 751
    PROGRESSIVE CORP, 50 SHS 1,348 1,367
    QUALCOMM INC, 158 SHS. 9,291 11,009
    RADIAN GROUP INC, 65 SHS 1,033 1,165
    RAYMOND JAMES FINL INC, 35 SHS 1,904 2,034
    REINSURANCE GROUP AMERICA, 15 SH 1,140 1,403
    RENAISSANCE RE HOLDINGS LTD, 10 SHS 956 1,021
    REPSOL SA; 90 SHS 2,342 1,720
    REPUBLIC SVCS INC, 55 SHS 2,220 2,216
    ROCHE HLDG LTD ADR, 146 SHS 3,024 5,615
    ROSETTA RESOURCES INC, 20 SHS 382 467
    ROTORK PLC UNSPONSORED A D R, 217 SH 3,808 3,472
    RPX CORP, 20 SHS 272 318
    RYMAN HOSPITALITY PROPERTIES, 15 SHS 807 827
    SANDISK CORP, 35 SHS 3,318 2,393
    SANDS CHINA LTD UNSPONS A D R, 23 SH 1,468 887
    SAP AG ADR, 30 SHS 2,164 2,217
    SASOL LTD SPONSORED A D R, 19 SH 976 674
    SCANSOURCE INC, 15 SHS 566 583
    SCHLUMBERGER LTD, 98 SHS 6,629 8,895
    SCHNEIDER ELECT SA UNSP ADR, 118 SHS 1,594 1,789
    SEALED AIR CORP, 65 SHS 2,766 3,165
    SECOM COMPANY LIMITED A D R, 119 SH 1,822 1,983
    SENSATA TECHNOLOGIES HOLDING, 71 SH 2,848 3,911
    SEVEN & HLDGS, 130 SHS 2,232 2,678
    SGS SA A D R, 149 SH 3,565 2,859
    SHIRE PLC A D R, 3 SHS 637 780
    SINCLAIR BROADCAST GROUP INC A, 35 SHS 890 1,051
    SKY PLC SPN A D R, 45 SHS 2,375 2,921
    SNAP ON INC, 20 SHS 2,690 3,108
    SOCIETE GENERALE SPONS A D R, 186 SHS 1,788 1,761
    SONOVA HOLDING, 34 SHS. 540 1,030
    SONY CORP A D R, 83 SH 1,615 2,566
    SOUTHWEST AIRLINES CO, 85 SHS 3,463 3,149
    SPIRIT AEROSYSTEMS HOLD CL A, 70 SHS 2,962 3,821
    STAMPS CO INC, 10 SHS 472 673
    STARBUCKS CORP, 70 SH 2,597 3,637
    STERICYCLE INC, 42 SHS 3,510 5,767
    STERIS CORP, 20 SHS 1,302 1,337
    STIFEL ENERGY CORP, 35 SHS 1,691 1,864
    STONE ENERGY CORP, 55 SHS 825 747
    SUMITOMO MITSUI FINL GROUP A D R, 325 SH 2,869 2,951
    SUN ART RETAIL GROUP UNS A D R, 262 SH 4,048 2,355
    SUNTORY BEVERAGE FOOD UADR, 48 SH 827 996
    SVENSKA HANDELSBANKEN, 60 SHS 1,086 1,357
    SWATCH GROUP AG, 55 SHS. 1,563 1,078
    SWIFT TRANSPORTATION CO, 45 SHS 1,237 1,047
    SYMRISE AG UNSPON A D R, 71 SHS 1,069 1,131
    SYNAPTICS INC, 15 SHS 922 1,495
    SYNGENTA A G A D R, 25 SHS 1,575 2,276
    SYNOPSYS INC, 35 SH 1,342 1,746
    SYSMEX CORP, 156 SHS 2,286 4,521
    TAIWAN SEMICONDUCTOR ADR, 391 SHS 7,130 9,493
    TAL INTL GROUP INC, 20 SHS 800 726
    TD AMERITRADE HLDG CORP, 116 SH 3,296 4,309
    TENCENT HLDGS LTD A D R, 293 SH 3,347 5,848
    TENNECO AUTOMOTIVE INC, 15 SHS 801 881
    TEXAS ROADHOUSE INC, 30 SHS 1,043 1,051
    THE SCOTTS MIRACLE GRO COMPANY, 20 SHS 1,238 1,225
    THOR INDUSTRIES INC, 16 SH 929 977
    TJX COMPANIES INC, 50 SHS 3,406 3,219
    TORAY INDUSTRIES INC A D R, 24 SH 1,644 1,998
    TRIMAS CORP, 30 SHS 921 867
    TRINITY INDS INC, 60 SHS 1,608 1,799
    TRIPADVISOR INC, 18 SHS 1,290 1,373
    TRIUMPH GROUP INC, 15 SHS 971 1,000
    TRUEBLUE INC, 15 SHS 320 427
    TSINGTAO BREWERY SPONS A D R, 25 SH 2,004 1,601
    TURKIYE GARANTI BANKASI AS ADR; 395 SHS 1,708 1,276
    UBIQUILT NETWORKS INC, 15 SHS 423 477
    UNIBAIL RODAMCO SE UNSP A D R, 79 SH 2,079 2,040
    UNICHARM CORPORATION ADR; 700 SHS 2,145 3,122
    UNILEVER PLC SPSD ADR, 25 SHS 786 1,104
    VALERO ENERGY CORP, 40 SHS 1,897 2,370
    VALSPAR CORP, 30 SHS 2,551 2,504
    VARIAN MED SYS INC, 46 SHS 3,061 3,984
    VCA INC, 25 SHS 1,227 1,311
    VERISK ANALYTICS INC, 65 SHS. 3,739 4,718
    VISA INC CL A, 64 SHS 2,254 4,396
    VODAFONE GROUP PLC ADR; 68 SHS 2,870 2,654
    VOYA FINANCIAL INC, 65 SHS 2,626 2,945
    WABASH NATL CORP, 70 SHS 823 948
    WESBANCO INC, 25 SHS 820 791
    WESTERN ALLIANCE BANCORPORATION, 50 SHS 1,316 1,567
    WHITING PETROLEUM CORP, 30 SHS 883 990
    WILLIAM HILL PLC UNSPON A D R, 70 SHS 1,514 1,814
    WILSHIRE BANCORP, 85 SHS 808 938
    WINTRUST FINANCIAL CORP, 20 SHS 894 1,002
    WPP PLC SPONS ADR, 39 SHS 2,610 4,624
    XILINX INC, 35 SHS 1,478 1,660
    XINYI GLASS HOLDINGS LTS, 38 SHS 391 453
    ZUMIEZ INC, 15 SHS 602 448

    TY 2014 InvestmentsOtherSchedule2
    Name:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABERDEEN FDS EMRGN MKT INSL; 2283.147 SHS AT COST 32,171 31,941
    AMERICAN TOWER CORP, 30 SHS AT COST 2,970 2,784
    ASHFORD HOSPITALITY TR INC, 75 SHS AT COST 784 645
    BAIRD AGGREGATE BOND FUND, 3703.704 SHS AT COST 40,000 40,148
    BOSTON PPTYS INC, 10 SHS AT COST 1,362 1,300
    BRANDYWINE REALTY TRUST, 50 SHS AT COST 801 704
    CAUSEWAY EMERGING MARKETS INSTL, 1993.210 SHS AT COST 25,035 24,716
    CBRE GROUP INC, 75 SHS AT COST 2,550 2,868
    CHESAPEAKE LODGING TRUST, 25 SHS AT COST 912 777
    COLUMBIA INCOME FUND, 3944.773 SHS AT COST 40,000 39,763
    DRIEHAUS ACTIVE INCOME FUND; 4930.966 SHS AT COST 50,000 45,513
    DUPONT FABROS TECHNOLOGY, 30 SHS AT COST 1,024 967
    FEDERATED INST HI YKD BD FD, 949.946 SH AT COST 69,594 69,777
    FNMA #761341 5% 4/1/19 AT COST 794 823
    GLENMEDE SC EQUITY PORT ADV, 939.037 SHS AT COST 25,035 25,636
    GNMA II POOL 1871 9% 9/20/24 AT COST 88 90
    GNMA POOL 324679 8% 4/15/22 AT COST 464 513
    GOLDMAN SACHS COMM STRAT INS, 6802.721 AT COST 40,000 26,327
    ISHARES CORE S&P SMALL-CAP ETF, 550 SHS AT COST 26,536 64,344
    KITE REALTY GROUP TRUST, 30 SHS AT COST 893 811
    NEUBERGER BERMAN LONG SH INS, 1590.112 SH AT COST 19,034 20,910
    NEUBERGER BERMAN LONG SH INS, 5751.210 SH AT COST 73,270 75,628
    NUVEEN HIGH INCOME BOND FUND, 7972.666 SHS AT COST 70,000 67,210
    NUVEEN INFLATION PRO SEC CL I, 3952.681 SHS AT COST 42,874 44,033
    NUVEEN REAL ESTATE SECURIT CL I; 2483.726 SHS AT COST 26,588 58,392
    OPPENHEIMER DEVELOPING MKT I, 651.098 SH AT COST 24,683 23,068
    PENNYMAC MTG INV TR, 40 SHS AT COST 867 735
    ROBECO BOSTON PARTNERS LS RSRCH, 1903.988 SHS AT COST 29,207 30,007
    SPDR GOLD SHARES ETF, 175 SH AT COST 23,203 19,967
    SUMMIT HOTEL PROPERTIES INC, 65 SHS AT COST 818 868
    T ROWE PRICE MID CAP GROWTH, 304.744 SHS AT COST 25,035 24,895
    TCW EMERGING MARKETS INCOME FUND, 10650.889 SHS AT COST 90,000 84,994

    TY 2014 OtherExpensesSchedule
    Name:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYING AGENT FEES 238 238   0


    TY 2014 OtherIncomeSchedule2
    Name:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 1,925 1,925 1,925


    TY 2014 TaxesSchedule
    Name:
    BEIDERWELL FOUNDATION US BANK TRUSTEE
    EIN: 61-1221699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 818 818   0
    FEDERAL EXCISE TAX 2,655 0   0