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
JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262
A Employer identification number

41-6263553
B Telephone number (see instructions)

(612) 667-3052
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$33,820,100J 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...... 720,715 711,244  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 473,492
b Gross sales price for all assets on line 6a 8,922,602
7 Capital gain net income (from Part IV, line 2)... 473,492
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)....... Click to see attachment 30,942 30,942  
12 Total. Add lines 1 through 11........ 1,225,149 1,215,678  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 231,451 147,338   84,113
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 44 0 0 44
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,772 14,968   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 2,162 2,080   82
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 281,429 164,386 0 84,239
25 Contributions, gifts, grants paid........ 1,494,503 1,494,503
26 Total expenses and disbursements. Add lines 24 and 25 1,775,932 164,386 0 1,578,742
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -550,783
b Net investment income (if negative, enter -0-) 1,051,292
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets 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...............   4,832 4,832
2 Savings and temporary cash investments.......... 2,608,148 1,750,290 1,751,849
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) 4,767,568 Click to see attachment2,100,691 2,163,825
b Investments—corporate stock (attach schedule)........ 15,745,365 Click to see attachment15,626,289 26,696,681
c Investments—corporate bonds (attach schedule)........ 122,136 Click to see attachment3,198,300 3,202,913
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) 23,243,217 22,680,402 33,820,100
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......... 23,243,217 22,680,402
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)...... 23,243,217 22,680,402
31 Total liabilities and net assets/fund balances (see instructions).. 23,243,217 22,680,402
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 23,243,217
2 Enter amount from Part I, line 27a..................... 2 -550,783
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,351
4 Add lines 1, 2, and 3.......................... 4 22,693,785
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 13,382
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 22,680,403
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 477. AIR METHODS CORP COM   2013-09-12 2014-04-11
b 802. ALLISON TRANSMISSION HOLDINGS   2012-10-01 2014-04-11
c 552. AMERICAN EXPRESS CO COM   2010-08-17 2014-04-09
d 2324. AMERICAN EXPRESS CO COM   2010-10-14 2015-02-18
e 13716. BG GROUP PLC- SPON ADR ISIN US0554342032   2014-11-11 2014-12-22
306.99918 CNO FINANCIAL GROUP INC   2014-01-17 2014-04-11
830.00082 CNO FINANCIAL GROUP INC   2014-01-17 2014-04-11
803. CSG SYS INTL INC COM   2014-01-16 2014-04-11
1022. CIVEO CORP   2012-06-26 2014-10-07
4908. COACH INC COM W/RTS ATTACHED EXP 5/2/2011   2013-10-17 2014-10-07
995. COLGATE-PALMOLIVE CO COM   2013-03-22 2014-12-03
430. DENTSPLY INTL INC NEW COM   2011-08-04 2014-04-11
350000. FED HOME LN BK 1.750% 10/29/14   2013-10-31 2014-10-29
275000. FED HOME LN BK 0.250% 1/16/15   2012-12-04 2015-01-16
250000. VR FED HOME LN BK 1.000% 2/22/23   2013-01-29 2014-08-22
500000. VR FED HOME LN BK 1.250% 4/17/23   2013-03-20 2015-01-17
500000. FED FARM CREDIT BK 2.790% 11/12/20   2013-11-12 2014-11-12
500000. FED FARM CREDIT BK 2.350% 12/17/19   2014-09-10 2014-12-17
500000. VR FED HOME LN MTG 0.600% 6/06/17   2013-12-04 2014-12-06
500000. VR FED HOME LN MTG 0.625% 6/20/17   2013-12-04 2014-12-20
500000. FED HOME LN MTG CORP 2.020% 9/24/19   2014-12-22 2015-03-24
500000. FED NATL MTG ASSN 1.125% 9/06/17   2013-02-15 2014-06-06
607. GNC HOLDINGS INC   2014-02-14 2014-04-11
904. GENTEX CORP COM   2012-07-25 2014-04-11
221. GENTEX CORP COM   2013-08-02 2014-04-11
1148. GENTHERM INC   2013-06-13 2014-04-11
1125. GENTHERM INC   2013-06-13 2014-04-24
354. GENTHERM INC   2013-06-11 2014-07-29
145. GENTHERM INC   2013-06-10 2014-07-30
147. GENTHERM INC   2013-06-10 2014-07-31
72. GENTHERM INC   2013-06-10 2014-08-01
362. GEOSPACE TECHNOLOGIES CORP   2013-05-24 2014-04-11
209. GEOSPACE TECHNOLOGIES CORP   2013-05-23 2014-06-19
137. GEOSPACE TECHNOLOGIES CORP   2013-05-23 2014-06-20
638. GEOSPACE TECHNOLOGIES CORP   2013-06-28 2014-12-29
95. GEOSPACE TECHNOLOGIES CORP   2013-06-27 2014-12-30
33. GEOSPACE TECHNOLOGIES CORP   2014-11-26 2014-12-30
407. GLOBAL PMTS INC COM W/RIGHTS ATTACHED EXP 1/26/2011   2010-04-08 2014-04-11
259. GLOBAL PMTS INC COM W/RIGHTS ATTACHED EXP 1/26/2011   2010-04-08 2014-10-07
311. GRACO INC COM W/RIGHTS ATTACHED EXP 3/29/2010   2011-10-04 2014-04-11
978. INTERCONTINENTAL EXCHANGE, INC   2011-04-06 2014-06-02
3073. IRIDIUM COMMUNICATIONS INC   2013-05-03 2014-04-11
8032. ISHARES MSCI EMU ETF   2014-01-28 2014-12-11
1493. ISHARES SELECT DIVIDEND ETF   2012-10-12 2014-05-28
272. ISHARES 1-3 YEAR TREASURY BOND   2013-03-25 2014-04-11
91. ISHARES 1-3 YEAR TREASURY BOND   2014-03-07 2014-04-11
12. ISHARES 1-3 YEAR TREASURY BOND   2012-10-30 2014-06-24
260. ISHARES 1-3 YEAR TREASURY BOND   2013-03-07 2014-06-24
411. ISHARES 1-3 YEAR TREASURY BOND   2013-10-15 2014-06-24
255. ISHARES 1-3 YEAR TREASURY BOND   2014-11-17 2014-11-26
640. MASTEC INC COM   2012-12-07 2014-04-11
497. MCKESSON HBOC INC COM   2010-08-20 2014-06-16
553. MEDNAX INC   2008-07-30 2014-04-11
75. METTLER-TOLEDO INTL INC COM   2009-02-06 2014-04-11
224. METTLER-TOLEDO INTL INC COM   2009-02-06 2014-11-17
229. MORNINGSTAR INC   2008-12-01 2014-04-11
104. MORNINGSTAR INC   2008-12-02 2014-07-08
162. MORNINGSTAR INC   2008-12-02 2014-07-09
237. MORNINGSTAR INC   2008-12-02 2014-07-10
95. MORNINGSTAR INC   2008-11-24 2014-07-11
86. MORNINGSTAR INC   2008-11-24 2014-07-14
468. NEUSTAR INC   2008-09-08 2014-04-11
226. NIKE INC CL B COM   2006-05-25 2014-04-09
172. OIL STATES INTERNATIONAL INC COM   2012-06-26 2014-04-11
911. ORBITAL SCIENCES CORP COM W/RIGHTS ATTAC   2011-10-04 2014-04-11
.382 ORBITAL ATK INC   2011-10-04 2015-02-19
1407. PAYCHEX INC COM   2011-03-09 2014-12-03
511. PEPSICO INC COM   2014-04-09 2014-09-16
1319. PETSMART INC COM W/RTS ATTACHED EXP 08/2   2013-09-11 2014-07-25
1506. PETSMART INC COM W/RTS ATTACHED EXP 08/2   2013-09-11 2014-12-12
303. PETSMART INC COM W/RTS ATTACHED EXP 08/2   2014-05-27 2014-12-12
1248. PETSMART INC COM W/RTS ATTACHED EXP 08/2   2014-05-27 2014-12-15
257. SPDR TR UNIT SER 1   2014-04-09 2014-05-27
1124. SCHLUMBERGER LTD COM   2011-05-29 2014-10-14
748. SELECT COMFORT CORPORATION   2013-03-27 2014-04-11
353. SPECTRUM BRANDS HOLDINGS INC   2012-10-05 2014-04-11
192. SPECTRUM BRANDS HOLDINGS INC   2012-10-05 2014-10-07
11909. STAPLES INC COM W/INVISIBLE RTS TO PUR SHS UNDER CERTAIN   2013-03-22 2014-11-19
569. STARWOOD HOTELS & RESORTS WORLDWIDE   2011-08-15 2014-05-27
2216. STARWOOD HOTELS & RESORTS WORLDWIDE   2011-08-15 2015-02-09
1241. STEEL DYNAMICS INC COM   2010-09-28 2014-04-11
283. SYNTEL INC   2013-03-06 2014-04-11
1258. TCF FINL CORP COM W/RIGHTS ATTACHED EXP   2011-08-05 2014-04-11
3048. TEXAS INSTRS INC COM   2011-11-23 2014-05-27
418. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006   2010-11-26 2014-04-09
226. TUPPERWARE CORP COM   2012-12-21 2014-04-11
314920. U S TREAS INFL IND 2.000% 7/15/14   2004-07-27 2014-07-15
743. VCA ANTECH INC COM   2010-09-30 2014-04-11
330. VCA ANTECH INC COM   2010-09-30 2014-10-07
8519. VODAFONE GROUP PLC-SP ADR   2013-03-22 2014-08-11
136. VODAFONE GROUP PLC-SP ADR   2014-05-28 2014-08-11
865. WAL MART STORES INC COM   2013-03-22 2014-12-03
234. WEX INC   2008-10-29 2014-04-11
423. ZEBRA TECHNOLOGIES CORP CL A COM   2002-06-07 2014-04-11
134. ZEBRA TECHNOLOGIES CORP CL A COM   2002-02-22 2014-06-19
152. ZEBRA TECHNOLOGIES CORP CL A COM   2014-04-24 2014-06-19
255. ZEBRA TECHNOLOGIES CORP CL A COM   2002-02-22 2015-03-11
36722. TESCO PLC 5P   2012-08-06 2014-12-19
4683. TRANSOCEAN LTD.   2013-07-10 2014-11-10
6025. INDIVIOR PLC ORD NPV   2012-08-06 2015-01-07
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 24,123   19,918 4,205
b 23,083   16,085 6,998
c 47,965   23,140 24,825
d 184,848   93,895 90,953
e 188,340   259,633 -71,293
5,265   5,606 -341
14,234   15,156 -922
21,377   24,640 -3,263
13,022   13,427 -405
168,984   267,582 -98,598
68,572   57,058 11,514
19,241   14,393 4,848
350,000   355,415 -5,415
275,000   274,698 302
250,000   249,750 250
500,000   500,000  
500,000   499,000 1,000
500,000   500,000  
500,000   499,750 250
500,000   500,000  
500,000   499,925 75
500,000   500,610 -610
26,793   27,757 -964
25,465   18,331 7,134
6,225   5,143 1,082
38,927   21,550 17,377
41,872   20,833 21,039
16,065   6,487 9,578
6,286   2,629 3,657
6,171   2,666 3,505
3,107   1,306 1,801
21,713   31,250 -9,537
11,717   17,886 -6,169
7,395   11,724 -4,329
17,559   45,634 -28,075
2,626   6,504 -3,878
912   931 -19
26,906   17,827 9,079
19,635   11,344 8,291
22,712   10,012 12,700
190,013   123,391 66,622
21,796   21,260 536
301,253   328,907 -27,654
111,625   80,804 30,821
22,993   23,014 -21
7,693   7,683 10
1,014   1,014  
21,959   21,946 13
34,712   34,689 23
21,606   21,596 10
26,589   15,133 11,456
90,823   20,170 70,653
33,613   13,031 20,582
16,813   4,883 11,930
65,284   14,027 51,257
16,718   6,830 9,888
7,265   3,073 4,192
11,171   4,778 6,393
16,199   6,982 9,217
6,506   2,790 3,716
5,893   2,526 3,367
12,973   10,338 2,635
16,468   4,485 11,983
16,407   10,567 5,840
23,272   11,492 11,780
25   11 14
66,609   46,996 19,613
46,900   42,838 4,062
92,359   96,153 -3,794
117,678   109,706 7,972
23,676   16,840 6,836
101,161   69,359 31,802
49,155   47,667 1,488
102,323   95,905 6,418
12,903   14,860 -1,957
27,470   14,478 12,992
17,119   7,814 9,305
165,789   141,005 24,784
44,951   25,790 19,161
157,237   100,440 56,797
22,623   18,221 4,402
23,723   16,580 7,143
19,598   15,918 3,680
141,146   89,850 51,296
49,109   21,564 27,545
18,927   14,631 4,296
314,920   293,462 21,458
22,335   19,505 2,830
12,898   6,999 5,899
275,820   442,356 -166,536
4,403   4,770 -367
73,306   64,027 9,279
20,923   3,085 17,838
28,623   9,851 18,772
10,547   2,990 7,557
11,963   10,534 1,429
22,246   4,970 17,276
105,661   142,810 -37,149
137,226   226,639 -89,413
13,444   3,752 9,692
      48,235
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       4,205
b       6,998
c       24,825
d       90,953
e       -71,293
      -341
      -922
      -3,263
      -405
      -98,598
      11,514
      4,848
      -5,415
      302
      250
       
      1,000
       
      250
       
      75
      -610
      -964
      7,134
      1,082
      17,377
      21,039
      9,578
      3,657
      3,505
      1,801
      -9,537
      -6,169
      -4,329
      -28,075
      -3,878
      -19
      9,079
      8,291
      12,700
      66,622
      536
      -27,654
      30,821
      -21
      10
       
      13
      23
      10
      11,456
      70,653
      20,582
      11,930
      51,257
      9,888
      4,192
      6,393
      9,217
      3,716
      3,367
      2,635
      11,983
      5,840
      11,780
      14
      19,613
      4,062
      -3,794
      7,972
      6,836
      31,802
      1,488
      6,418
      -1,957
      12,992
      9,305
      24,784
      19,161
      56,797
      4,402
      7,143
      3,680
      51,296
      27,545
      4,296
      21,458
      2,830
      5,899
      -166,536
      -367
      9,279
      17,838
      18,772
      7,557
      1,429
      17,276
      -37,149
      -89,413
      9,692
       
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 2 473,492
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 1,494,336 32,187,515 0.046426
2012 1,498,342 29,060,863 0.051559
2011 1,474,375 28,509,244 0.051716
2010 1,478,340 27,909,143 0.05297
2009 1,540,679 26,962,949 0.057141
2 Total of line 1, column (d) ...................... 2 0.259812
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 0.051962
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 33,335,453
5 Multiply line 4 by line 3....................... 5 1,732,177
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 10,513
7 Add lines 5 and 6......................... 7 1,742,690
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,578,742
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 21,026
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 21,026
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 21,026
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 33,468
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 33,468
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 12,442
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet12,442 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO NA DBA ABBOT DOWNING Telephone no.bullet (612) 667-3052
    Located atbullet90 S 7TH STREETMINNEAPOLISMN ZIP+4bullet55402
    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
    JOANN E AALFS TRUSTEE
    1     		17,500    
    8 EDGEWOOD TERRACE
    NORTHAMPTON,MA01060
    MARVIN J PERTZIK TRUSTEE
    1     		17,500    
    2221 FORD PKWY STE 204
    ST PAUL,MN55116
    WELLS FARGO NA DBA ABBOT DOWNING TRUSTEE
    4     		196,451    
    90 S 7TH STREET SUITE 5300
    MINNEAPOLIS,MN55479
    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
    30,998,941
    b
    Average of monthly cash balances.......................
    1b
    2,844,158
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,843,099
    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
    33,843,099
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    507,646
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    33,335,453
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,666,773
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,666,773
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    21,026
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,026
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,645,747
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,645,747
    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
    1,645,747
    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
    1,578,742
    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
    1,578,742
    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
    1,578,742
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,645,747
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 1,835
    e From 2013....... 0
    fTotal of lines 3a through e......... 1,835
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,578,742
    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..... 1,578,742
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 1,835 1,835
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		65,170
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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
    BENNINGTON COLLEGE
    1 COLLEGE DR
    BENNINGTON,VT05201     		NONE PC GENERAL SUPPORT 74,725
    CAMP FIRE USA
    BOYS AND GIRLS
    4601 MADISON AVE
    KANSAS CITY,MO64112     		NONE PC GENERAL SUPPORT 74,725
    VASSAR COLLEGE
    ATTN DIRECTOR OF PLANNED GIVING
    124 RAYMOND AVE BOX 14
    POUGHKEEPSIE,NY12604     		NONE PC GENERAL SUPPORT 74,725
    PRINCETON UNIVERSITY
    330 ALEXANDER STREET
    PRINCETON,NJ08544     		NONE PC GENERAL SUPPORT 74,725
    PRESBYTERIAN CHURCH
    FOUNDATION
    200 EAST 12TH STREET
    JEFFERSONVILLE,IN47130     		NONE PC GENERAL SUPPORT 37,363
    AFS-USA Inc
    198 MADISON AVE
    NEWYORK,NY10016     		NONE PC GENERAL SUPPORT 37,363
    CHILDRENS HOME SOCIETY
    OF MINNESOTA
    1605 EUSTIS STREET
    ST PAUL,MN551081219     		NONE PC GENERAL SUPPORT 74,725
    YMCA OF GREATER ST PAUL
    476 ROBERT ST N
    ST PAUL,MN55101     		NONE PC GENERAL SUPPORT 74,725
    HAMLINE UNIVERSITY
    ATTN LORI STANDAFER
    1536 HEWITT AVENUE
    SAINT PAUL,MN551041235     		NONE PC GENERAL SUPPORT 37,363
    HOUSE OF HOPE
    PRESBYTERIAN CHURCH
    797 SUMMIT AVE
    ST PAUL,MN55105     		NONE PC GENERAL SUPPORT 74,725
    CARLETON COLLEGE
    1 NORTH COLLEGE STREET
    NORTHFIELD,MN550574075     		NONE PC GENERAL SUPPORT 74,725
    CHRIST EPISCOPAL CHURCH
    RED WING
    5210 WEST AVE
    RED WING,MN55066     		NONE PC GENERAL SUPPORT 37,363
    WAYZATA COMMUNITY CHURCH
    125 E WAYZATA BLVD
    WAYZATA,MN55391     		NONE PC GENERAL SUPPORT 74,725
    FIRST CHURCH OF CHRIST
    SCIENTIST
    90 S SEVENTH STREET STE 5100
    ST PAUL,MN55402     		NONE PC GENERAL SUPPORT 112,088
    ST PAUL ACADEMY AND
    SUMMIT SCHOOL
    1712 RANDOLPH AVE
    ST PAUL,MN551052194     		NONE PC GENERAL SUPPORT 74,725
    PRESBYTERIAN HOMES INC
    200 EAST 12TH AVE
    JEFFERSON,IN47130     		NONE PC GENERAL SUPPORT 74,725
    GREATER TWIN CITIES
    UNITED WAY
    404 S EIGHTH ST
    MINNEAPOLIS,MN55404     		NONE PC GENERAL SUPPORT 74,725
    FIRST CONGREGATIONAL
    UNITED CHURCH OF CHRIST
    255 W 10TH STREET
    DUBUQUE,IA52001     		NONE PC GENERAL SUPPORT 74,725
    MARY INSTITUTE
    101 NORTH WARSON ROAD
    ST LOUIS,MO63124     		NONE PC GENERAL SUPPORT 74,725
    AMERICAN RED CROSS
    TWIN CITIES CHAPTER
    1201 WEST RIVER PARKWAY
    MINNEAPOLIS,MN55454     		NONE PC GENERAL SUPPORT 74,725
    SOCIAL SERVICES LEAGUE
    OF LA JOLLA
    P O BOX 831
    LA JOLLA,CA92038     		NONE PC GENERAL SUPPORT 74,725
    YMCA OF LA JOLLA
    8355 CLIFFRIDGE AVE
    LA JOLLA,CA92037     		NONE PC GENERAL SUPPORT 37,363
    Total .................................bullet 3a 1,494,503
    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....     14 720,715  
    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 .............     		    18 473,492  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMUTUAL FUND INCOME     14 30,942  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,225,149  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,225,149
    (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 InvestmentsCorpBondsSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SPDR BARCLAYS HIGH YIELD BOND    
    FNMA 1.125 09/06/17    
    FNMA 1.625 08/28/19    
    FNMA 1.125 09/06/17    
    FHLB .25 01/16/15    
    FHLB SER 0000 02/22/23    
    464287457 ISHARES 1-3 YEAR TRE 81,975 82,418
    064159FL5 BANK OF NOVA SCOTIA 507,635 510,770
    09247XAL5 BLACKROCK INC 528,865 529,395
    36962G6F6 GENERAL ELEC CAP COR 522,345 517,100
    40428HPN6 HSBC USA INC 504,215 504,445
    459200HP9 IBM CORP 516,495 521,220
    68389XAS4 ORACLE CORP 536,770 537,565

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOT LABS    
    ACCENTURE PLC    
    AMERICAN EXPRESS    
    AMPHENOL CORP    
    APACHE CORP    
    APPLE INC    
    BAXTER INTL INC    
    BERKSHIRE HATHAWAY INC    
    BLACKROCK INC    
    CAPITAL ONE FINANCIAL CORP    
    FMC TECHNOLOGIES INC    
    GOLDMAN SACHES GROUP INC    
    ILLINOIS TOOL WORKS INC    
    INTERCONTINENTAL EXCHANGE INC    
    MCDONALDS CORP    
    MCKESSON CORP    
    MICROSOFT CORP    
    NIKE INC CL B    
    NORDSTROM INC    
    PEPSICO INC    
    PRECISION CASTPARTS CORP    
    QUALCOMM INC    
    SCHLUMBERGER LTD    
    STARWOOD HOTEL    
    TEXAS INSTRUMENTS INC    
    THERMO FISHER SCIENTIFIC    
    UNITED TECHNOLOGIES    
    V F CORP    
    ABB LTD ADR    
    AFLAC INC    
    ALLISON TRANMISSION HOLDINGS    
    BHP BILLITON    
    CNOOC ADR    
    DIAGEO PCL ADR    
    HSBC ADR    
    KOMATSU JPY    
    NESTLE SA ADR    
    RECKITT BENCKISER    
    SAP AG ADR    
    TAIWAN SEMI CONDUCTOR    
    TELEFONICA SA ADR    
    TESCO PLC    
    TRANSOCEAN LTD    
    GLOBAL PMTS INC    
    GRACO INC    
    HARTE-HANKS COMM INC    
    MARKEL HOLDINGS    
    METTLER TOLEDO INTL INC    
    MORNINGSTAR INC    
    NATIONAL PRESTO INDS    
    NEUSTAR INC    
    OCEANEERING INTL INC    
    ORBITAL SCIENCES CORP    
    ROCK-TENN CO    
    STEEL DYNAMICS INC    
    STERICYCLE INC    
    TRANSDIGM GROUP INC    
    UGI CORP    
    VCA ANTECH INC    
    WILEY JOHN & SONS INC    
    WRIGHT EXPRESS CORP    
    ZEBRA TECHNOLOGIES CORP    
    CHEVRON CORP    
    COLGATE PALMOLIVE CO    
    CSX CORP    
    EDISON INTL    
    ENERGIZER HOLDINGS INC    
    FISERV INC    
    HEINZ H J CO    
    JOHNSON & JOHNSON    
    LABORATORY CRP OF AMER    
    LEUCADIA NATL CORP    
    MOLSON COORS BREWING CO    
    NORTHROP GRUMMAN CORP    
    PAYCHEX INC    
    PNC FINANCIAL SERVICES GROUP    
    STAPLES INC    
    TCF FINANCIAL    
    TRAVELERS COMPANIES    
    US BANCORP DEL    
    WAL MART STORES INC    
    WASTE MANAGEMENT INC    
    3M CO    
    HONDA MOTOR CO    
    VODAFONE GROUP PLC    
    SPDR S & P 500 ETF    
    ISHARES MSCI ALL CTRY ASIA    
    ISHARES MSCI EAFE    
    ISHARES MSCI JAPAN    
    VANGUARD MSCI EMERG MKTS    
    ISHARES DOW JONES SEL DIV    
    ANSYS INC    
    CLOUD PEAK ENERGY INC    
    DENTSPLY INTL INC COM    
    EBIX INC    
    GENTEX CORP    
    GNC HOLDING INC    
    MASTEC INC COM    
    MEDNAX INC    
    OIL STATE INTERNATIONAL INC    
    SELECT COMFORT CORP    
    SPECTRUM BRAND HOLDING INC    
    TUPPERWARE BRANDS CORP    
    WEX INC    
    GILEAD SCIENCES INC    
    JP MORGAN    
    SYNTEL INC    
    UNITED PARCEL SERVICES - CL B    
    VAN GUARD FTSE EMERGING MARKET    
    WIDSOM TREE JAPAN HEDGED EQ    
    AMEX ENERGY SELECT SPDR    
    AMEX MATERIAL SPDR    
    JP MORGAN ALERIAN MLP INDEX    
    C H ROBINSON WORLDWIDE INC    
    BIG LOTS INC    
    ARBITRON INC    
    PERRIGO CO    
    REPUBLIC SERVICES INC CL A COM    
    000375204 ABB LTD - ADR 133,118 199,781
    001055102 AFLAC INC 230,250 387,132
    002824100 ABBOTT LABS 151,313 272,235
    009128307 AIR METHODS CORP COM 58,959 66,298
    01973R101 ALLISON TRANSMISSION 47,860 76,337
    025816109 AMERICAN EXPRESS CO    
    032095101 AMPHENOL CORP CL A 144,986 346,744
    037411105 APACHE CORP 101,704 104,371
    037833100 APPLE INC 82,969 324,016
    055434203 BG GROUP PLC - ADR    
    071813109 BAXTER INTL INC 121,960 171,661
    084670702 BERKSHIRE HATHAWAY I 128,259 314,329
    088606108 BHP BILLITON LIMITED 85,125 181,094
    09247X101 BLACKROCK INC 98,807 236,698
    12621E103 CNO FINANCIAL GROUP 77,360 72,651
    126349109 CSG SYS INTL INC COM 70,929 72,754
    126408103 CSX CORP 85,578 173,814
    14040H105 CAPITAL ONE FINANCIA 173,438 242,372
    166764100 CHEVRON CORP 360,614 446,165
    189754104 COACH INC    
    194162103 COLGATE PALMOLIVE CO 146,446 493,909
    23636T100 DANONE ADR 262,229 235,196
    249030107 DENTSPLY INTL INC CO 41,757 65,241
    25243Q205 DIAGEO PLC - ADR 337,550 499,887
    30249U101 FMC TECHNOLOGIES INC 83,939 122,022
    36191G107 GNC HOLDINGS INC 67,711 88,817
    371901109 GENTEX CORP 50,353 122,720
    37253A103 GENTHERM INC 28,632 79,755
    37364X109 GEOSPACE TECHNOLOGIE 22,050 12,911
    375558103 GILEAD SCIENCES INC 173,552 340,020
    37940X102 GLOBAL PMTS INC W/I 40,230 87,554
    38141G104 GOLDMAN SACHS GROUP 170,051 244,925
    384109104 GRACO INC 29,328 66,820
    404280406 HSBC - ADR 274,051 250,046
    452308109 ILLINOIS TOOL WORKS 108,191 226,045
    45866F104 INTERCONTINENTALEXCH    
    46269C102 IRIDIUM COMMUNICATIO 61,504 88,963
    464286608 ISHARES MSCI EMU ETF    
    464287168 ISHARES SELECT DIVID 224,197 223,454
    464288182 ISHARES MSCI ALL COU 286,936 326,528
    46625H100 JPMORGAN CHASE & CO 326,320 479,794
    46625H365 JP MORGAN ALERIAN ML 549,050 563,419
    478160104 JOHNSON & JOHNSON 266,476 662,350
    576323109 MASTEC INC COM 71,588 57,726
    57636Q104 MASTERCARD INC 209,856 230,057
    577081102 MATTEL INC 519,973 298,078
    580135101 MCDONALDS CORP 228,827 307,423
    58155Q103 MCKESSON CORP 39,641 274,607
    58502B106 MEDNAX INC 31,221 119,424
    592688105 METTLER-TOLEDO INTL    
    594918104 MICROSOFT CORP 378,650 577,830
    617700109 MORNINGSTAR INC    
    641069406 NESTLE S.A. REGISTER 198,362 598,154
    64126X201 NEUSTAR INC 63,023 72,531
    654106103 NIKE INC CL B 42,211 213,402
    655664100 NORDSTROM INC 113,353 244,253
    678026105 OIL STATES INTERNATI 32,124 30,424
    685564106 ORBITAL SCIENCES COR    
    693475105 PNC FINANCIAL SERVIC 328,788 588,251
    704326107 PAYCHEX INC 199,420 314,410
    713448108 PEPSICO INC 124,581 196,403
    716768106 PETSMART INC COM    
    740189105 PRECISION CASTPARTS 128,617 173,670
    747525103 QUALCOMM INC 132,523 228,683
    78464A359 SPDR BARCLAYS CONVER 252,215 286,560
    790849103 ST JUDE MED INC 192,781 192,145
    803054204 SAP SE 200,663 353,416
    806857108 SCHLUMBERGER LTD 240,807 251,989
    81369Y100 AMEX MATERIALS SPDR 281,717 368,143
    81369Y506 AMEX ENERGY SELECT S 381,217 398,528
    81616X103 SELECT COMFORT CORPO 42,356 76,903
    84763R101 SPECTRUM BRANDS HOLD 34,867 77,201
    855030102 STAPLES INC    
    85590A401 STARWOOD HOTELS & RE    
    858119100 STEEL DYNAMICS INC C 41,568 74,330
    87162H103 SYNTEL INC 47,689 87,424
    872275102 TCF FINANCIAL 56,954 74,418
    874039100 TAIWAN SEMICONDUCTOR 184,007 530,765
    879382208 TELEFONICA SA - ADR 150,850 168,369
    882508104 TEXAS INSTRUMENTS IN    
    883556102 THERMO FISHER SCIENT 83,049 246,111
    88579Y101 3M CO 49,721 900,957
    89417E109 TRAVELERS COMPANIES, 126,191 1,892,275
    899896104 TUPPERWARE BRANDS CO 43,043 46,381
    902973304 US BANCORP 69,797 873,400
    904767704 UNILEVER PLC - ADR 403,670 418,268
    911312106 UNITED PARCEL SERVIC 345,582 432,255
    913017109 UNITED TECHNOLOGIES 67,010 253,504
    918194101 VCA INC 37,871 103,445
    918204108 V F CORP 120,888 283,015
    922042858 VANGUARD FTSE EMERGI 76,520 150,524
    92343V104 VERIZON COMMUNICATIO 197,608 199,723
    92857W308 VODAFONE GROUP PLC-S 101,143 94,249
    931142103 WAL MART STORES INC 315,605 433,293
    96208T104 WEX INC 9,179 75,045
    97717W851 WISDOMTREE JAPAN HED 428,423 619,218
    989207105 ZEBRA TECHNOLOGIES C 14,989 79,194
    G1151C101 ACCENTURE PLC 60,520 251,277
    G74079107 RECKITT BENCKISER PL 147,159 518,759
    G87621101 TESCO PLC 5P    
    H8817H100 TRANSOCEAN LTD.    
    J35759125 KOMATSU JPY 50.0 220,663 235,511
    38259P706 GOOGLE INC-CL C 269,324 260,300
    57776J100 MAXLINEAR INC 54,489 44,333
    682159108 ON ASSIGNMENT INC CO 65,049 93,968
    68557N103 ORBITAL ATK INC 32,150 93,489
    69354N106 PRA GROUP INC 77,862 71,159
    731068102 POLARIS INDS INC COM 179,774 162,829
    773903109 ROCKWELL AUTOMATION 299,671 294,499
    78462F103 SPDR S & P 500 ETF T 498,839 522,887
    85771P102 STATOIL ASA ADR 183,167 178,275
    97717X701 WISDOMTREE EUROPE HE 293,801 333,742
    J25979121 JAPAN AIRLINES CO LT 99,301 100,451

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    US Government Securities - End of Year Book Value:

    2,100,691
    US Government Securities - End of Year Fair Market Value:

    2,163,825
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 LegalFeesSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LARKIN HOFFMAN DALY & LINDGREN 44     44


    TY 2014 OtherDecreasesSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA FILING FEES 82 0   82
    ADR FEES 2,080 2,080   0


    TY 2014 OtherIncomeSchedule2
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MUTUAL FUND INCOME 30,942 30,942  


    TY 2014 OtherIncreasesSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Description Amount
       
       
       


    TY 2014 TaxesSchedule
    Name:
    JAMES DANIEL HUMPHREY FOUNDATION WELLS FARGO
    EIN: 41-6263553
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 11,966 11,966   0
    FEDERAL ESTIMATES - PRINCIPAL 32,804 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,839 1,839   0
    FOREIGN TAXES ON NONQUALIFIED 1,163 1,163   0