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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)33 SOUTH 6TH STREET NO 4600   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
A Employer identification number

41-1680986
B Telephone number (see instructions)

(612) 332-1567
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$29,854,026J 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...... 438,970 438,970  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 386,030
b Gross sales price for all assets on line 6a 57,066,962
7 Capital gain net income (from Part IV, line 2)... 386,030
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 5,340 5,340  
12 Total. Add lines 1 through 11........ 830,340 830,340  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,000 0   45,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 41,447 0   41,447
b Accounting fees (attach schedule)....... Click to see attachment 7,800 0   7,800
c Other professional fees (attach schedule).... Click to see attachment 274,411 129,628   144,783
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,395 18,395   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 33,858 0   33,858
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 14,169 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 452,080 148,023   272,888
25 Contributions, gifts, grants paid........ 9,241,275 9,241,275
26 Total expenses and disbursements. Add lines 24 and 25 9,693,355 148,023   9,514,163
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,863,015
b Net investment income (if negative, enter -0-) 682,317
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............... 11,416 66,355 66,355
2 Savings and temporary cash investments..........      
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)........      
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)........... 39,805,395 Click to see attachment31,066,082 29,787,671
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) 39,816,811 31,132,437 29,854,026
Liabilities 17 Accounts payable and accrued expenses.......... 102,223 280,864
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).......... 102,223 280,864
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 39,714,588 30,851,573
30 Total net assets or fund balances (see instructions)...... 39,714,588 30,851,573
31 Total liabilities and net assets/fund balances (see instructions).. 39,816,811 31,132,437
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 39,714,588
2 Enter amount from Part I, line 27a..................... 2 -8,863,015
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 30,851,573
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 30,851,573
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 ABENGOA SA SPON ADR   2013-12-27 2014-01-10
b ABENGOA SA SPON ADR   2013-12-30 2014-01-10
c AMERICAN AIRLS GROUP INC   2013-09-26 2014-01-09
d AMERICAN AIRLS GROUP INC   2013-09-26 2014-02-10
e AMERICAN AIRLS GROUP INC   2013-09-26 2014-03-10
AMERICAN AIRLS GROUP INC   2013-09-26 2014-04-10
AMERICAN AIRLS GROUP INC   2013-09-26 2014-06-03
AMERICAN AIRLS GROUP INC   2014-07-01 2014-07-10
AMERICAN AIRLS GROUP INC   2013-09-26 2014-07-14
AMERICAN AIRLS GROUP INC   2013-09-26 2014-07-16
AMERICAN AIRLS GROUP INC   2013-09-26 2014-09-22
AMERICAN AIRLS GROUP INC   2013-09-26 2014-09-22
APACHE CORP   2014-08-26 2014-09-16
ARCELORMITTAL SA NY REGISTERED FOREIGN SOCK CAD   2013-11-20 2014-06-03
BARRICK GOLD CORP FOREIGN STOCK CAD   2014-02-11 2014-06-03
BHP BILLITON LIMITED SPON ADR   2014-04-11 2014-08-26
BHP BILLITON LIMITED SPON ADR   2014-05-27 2014-08-26
BHP BILLITON LIMITED SPON ADR   2014-05-27 2014-09-04
BHP BILLITON LIMITED SPON ADR   2014-08-06 2014-09-04
BHP BILLITON LIMITED SPON ADR   2014-08-13 2014-09-04
BHP BILLITON LIMITED SPON ADR   2014-08-13 2014-09-04
BHP BILLITON LIMITED SPON ADR   2014-08-13 2014-09-04
CVS HEALTH CORP   2014-01-28 2014-10-31
CADIZ INC NEW   2014-09-16 2014-09-26
CADIZ INC NEW   2014-09-16 2014-10-31
CALGON CARBON CORP COMMON STOCK   2013-09-04 2014-05-07
CALGON CARBON CORP COMMON STOCK   2013-09-04 2014-05-08
CALGON CARBON CORP COMMON STOCK   2013-09-16 2014-05-08
CALGON CARBON CORP COMMON STOCK   2013-09-16 2014-05-08
CALGON CARBON CORP COMMON STOCK   2013-09-18 2014-05-08
CATAMARAN CORP FOREIGN STOCK   2014-01-28 2014-03-18
CHESAPEAKE ENERGY CORP OKLA   2013-05-08 2014-03-04
CHESAPEAKE ENERGY CORP OKLA   2013-05-08 2014-03-25
CHESAPEAKE ENERGY CORP OKLA   2013-05-16 2014-03-25
CIMAREX ENERGY CO   2013-09-26 2014-08-06
CIMAREX ENERGY CO   2013-09-26 2014-08-26
CIMAREX ENERGY CO   2013-09-26 2014-09-16
CIMAREX ENERGY CO   2013-10-02 2014-09-16
CIMAREX ENERGY CO   2014-07-01 2014-09-16
GUGGENHEIM CHINA SMALL CAP ETF   2014-07-15 2014-09-26
GUGGENHEIM CHINA SMALL CAP ETF   2014-07-15 2014-10-31
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES ETF   2014-09-16 2014-09-26
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES ETF   2014-09-16 2014-10-31
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES ETF   2014-09-16 2014-12-09
DELTA AIR LINES INC DELA NEW   2013-10-02 2014-07-14
DELTA AIR LINES INC DELA NEW   2014-07-01 2014-07-14
DEVON ENERGY CORP NEW   2014-04-14 2014-08-06
DEVON ENERGY CORP NEW   2014-04-14 2014-08-26
DEVON ENERGY CORP NEW   2014-04-14 2014-09-16
EOG RESOURCES INC   2014-01-28 2014-08-06
EOG RESOURCES INC   2014-01-28 2014-08-26
EOG RESOURCES INC   2014-01-28 2014-09-16
EOG RESOURCES INC   2014-07-01 2014-09-16
ENERGY FUELS INC FOREIGN STOCK CAD   2014-04-21 2014-09-26
ENERGY RECOVERY INC   2013-08-15 2014-01-23
ENERGY RECOVERY INC   2013-08-16 2014-01-23
ENERGY RECOVERY INC   2013-08-16 2014-01-23
ENERGY RECOVERY INC   2013-09-18 2014-01-23
ENERGY RECOVERY INC   2013-09-18 2014-01-24
EXCHANGE TRADED CONCEPTS TR ROB ST GLB ETF   2014-10-31 2014-12-30
EXPRESS SCRIPTS HLDG CO   2014-01-28 2014-04-30
FIDELITY ADVISOR CHINA REGION FUND INSTITUTIONAL CLASS   2014-02-12 2014-09-26
FIDELITY ADVISOR CHINA REGION FUND INSTITUTIONAL CLASS   2014-02-12 2014-10-31
FIRST TR EXCHANGE TRADED FD AMEX BIOTECHNOLOY INDEX FUNE   2014-06-03 2014-10-31
FISSION URANIUM CORP FOREIGN STOCK CAD   2014-04-21 2014-09-26
FLOWSERVE CORPORATION   2014-02-12 2014-10-07
FLOWSERVE CORPORATION   2014-07-01 2014-10-07
FREEPORT-MCMORAN INC   2013-11-20 2014-06-03
GILEAD SCIENCES INC COMMON STOCK   2014-04-30 2014-09-26
GILEAD SCIENCES INC COMMON STOCK   2014-04-30 2014-10-31
GILEAD SCIENCES INC COMMON STOCK   2014-04-30 2014-12-24
GLOBAL X FDS GLOBAL X URANIUM ETF NEW   2014-05-27 2014-09-26
GLOBAL X FDS GLOBAL X URANIUM ETF NEW   2014-05-27 2014-10-31
GOLDCORP INC NEW FOREIGN STOCK CAD   2014-02-11 2014-05-27
IKANG HEALTHCARE GROUP INC SPON ADR   2014-11-07 2014-12-16
IKANG HEALTHCARE GROUP INC SPON ADR   2014-11-25 2014-12-16
ISHARES MSCI BRAZIL CAPPED ETF   2014-04-11 2014-09-26
ISHARES MSCI BRAZIL CAPPED ETF   2014-04-11 2014-10-31
ISHARES MSCI BRAZIL CAPPED ETF   2014-04-11 2014-11-12
ISHARES MSCI THILAND CAPPED ETF   2014-07-15 2014-09-26
ISHARES MSCI THILAND CAPPED ETF   2014-07-15 2014-10-31
ISHARES MSCI TURKEY CAPPED ETF   2013-12-04 2014-01-28
ISHARES MSCI TAIWAN CAPPED ETF   2014-01-29 2014-09-26
ISHARES MSCI TAIWAN CAPPED ETF   2014-01-29 2014-10-31
ISHARES MSCI SOUTH KOREA CAPPED ETF   2014-01-29 2014-03-25
ISHARES MSCI PHILIPPINES CAPPED ETF   2014-04-21 2014-09-26
ISHARES MSCI PHILIPPINES CAPPED ETF   2014-04-21 2014-10-31
ISHARES MSCI POLAND CAPPED ETF   2013-12-04 2014-09-15
JSC MMC NORILSK NICKEL SPON ADR   2014-02-27 2014-06-03
JSC MMC NORILSK NICKEL SPON ADR   2014-07-29 2014-09-26
JSC MMC NORILSK NICKEL SPON ADR   2014-07-29 2014-10-31
JSC MMC NORILSK NICKEL SPON ADR   2014-07-29 2014-11-12
JSC MMC NORILSK NICKEL SPON ADR   2014-08-14 2014-11-12
JSC MMC NORILSK NICKEL SPON ADR   2014-08-27 2014-11-12
JSC MMC NORILSK NICKEL SPON ADR   2014-08-27 2014-11-12
JSC MMC NORILSK NICKEL SPON ADR   2014-09-04 2014-11-12
KINROSS GOLD CORP NEW FOREIGN STOCK CAD   2014-02-11 2014-04-11
MARKET VECTORS INDONESIA IND   2014-08-06 2014-09-26
MARKET VECTORS INDONESIA IND   2014-08-06 2014-10-31
MARKET VECTORS ETF   2014-01-29 2014-10-31
MARKET VECTORS ETF   2014-01-29 2014-12-16
MARKET VECTORS ETF   2014-09-26 2014-12-16
MARKET VECTORS INDIA SMALL - CAP INDEX ETF   2014-07-15 2014-09-26
MARKET VECTORS INDIA SMALL - CAP INDEX ETF   2014-07-15 2014-10-31
MATTHEWS INTERNATIONAL PACIFIC TIGER FUND   2013-10-02 2014-01-28
MATTHEWS INTERNATIONAL PACIFIC TIGER FUND   2013-12-26 2014-01-28
NEWFIELD EXPLORATION COS   2014-05-27 2014-08-06
NEWFIELD EXPLORATION COS   2014-05-27 2014-09-16
NOBLE ENERGY INC   2013-09-26 2014-01-28
NOBLE ENERGY INC   2013-10-02 2014-01-28
OMNICARE INC COMMON STOCK   2014-01-28 2014-08-26
PICO HOLDINGS INC NEW   2013-06-25 2014-01-10
PICO HOLDINGS INC NEW   2013-08-15 2014-01-10
PENN VIRGINIA CORP COMMON STOCK   2014-01-28 2014-08-06
PENN VIRGINIA CORP COMMON STOCK   2014-01-28 2014-09-22
PENN VIRGINIA CORP COMMON STOCK   2014-03-04 2014-09-22
PENN VIRGINIA CORP COMMON STOCK   2014-05-21 2014-09-22
PURE CYCLE CORP NEW   2014-09-16 2014-09-26
PURE CYCLE CORP NEW   2014-09-16 2014-10-31
PURE CYCLE CORP NEW   2014-09-16 2014-12-01
REXNORD CORP NEW   2014-05-21 2014-09-26
REXNORD CORP NEW   2014-05-21 2014-10-14
REXNORD CORP NEW   2014-05-21 2014-10-11
RIO TINTO PLC SPON ADR   2013-11-20 2014-09-26
RIO TINTO PLC SPON ADR   2013-11-20 2014-10-30
RIO TINTO PLC SPON ADR   2014-03-04 2014-10-30
RIO TINTO PLC SPON ADR   2014-08-06 2014-10-30
RIO TINTO PLC SPON ADR   2014-08-13 2014-10-30
RITE AID CORP COMMON STOCK   2014-01-28 2014-09-04
ROCKWELL AUOMATION INC NEW   2014-12-12 2014-12-24
T ROWE PRICE NEW ASIA FUND   2013-12-26 2014-01-28
SPDR METALS & MINING ETF   2014-08-13 2014-09-26
SPDR METALS & MINING ETF   2014-08-13 2014-10-07
SPDR METALS & MINING ETF   2014-08-26 2014-10-07
SPDR METALS & MINING ETF   2014-09-04 2014-10-07
SPDR METALS & MINING ETF   2014-09-04 2014-10-07
SOUTHERN COPPER CORP   2014-02-11 2014-06-03
SOUTHWESTERN ENERGY CO   2014-11-12 2014-12-12
STEEL DYNAMICS INC   2013-11-20 2014-02-04
STONE ENERGY CORP COMMON STOCK   2013-09-26 2014-06-03
STONE ENERGY CORP COMMON STOCK   2013-09-26 2014-08-06
STONE ENERGY CORP COMMON STOCK   2013-09-26 2014-08-26
STONE ENERGY CORP COMMON STOCK   2013-10-02 2014-08-26
STONE ENERGY CORP COMMON STOCK   2013-11-05 2014-08-26
STONE ENERGY CORP COMMON STOCK   2014-07-01 2014-08-26
UEX CORP FOREIGN STOCK   2014-04-21 2014-09-26
UEX CORP FOREIGN STOCK   2014-04-21 2014-10-31
UNITED HEALTH GROUP INC   2014-03-18 2014-06-03
UR-ENERGY INC FOREIGN STOCK CAD   2014-04-21 2014-09-26
UR-ENERGY INC FOREIGN STOCK CAD   2014-04-21 2014-10-31
URANERZ ENERGY CORP   2014-04-21 2014-09-26
URANERZ ENERGY CORP   2014-04-21 2014-10-31
VEOLIA ENVIRONMENT SPON ADR   2014-05-27 2014-09-26
VEOLIA ENVIRONMENT SPON ADR   2014-05-27 2014-10-31
XYLEM INC   2013-09-26 2014-09-26
XYLEM INC   2014-02-04 2014-10-21
XYLEM INC   2014-02-04 2014-10-31
BWT AG FOREIGN STOCK EUR   2014-09-17 2014-10-30
PALADIN ENERGY LTD ORD FOREIGN STOCK AUD   2013-05-22 2014-02-05
PALADIN ENERGY LTD ORD FOREIGN STOCK AUD   2013-06-28 2014-02-05
PALADIN ENERGY LTD ORD FOREIGN STOCK AUD   2013-06-28 2014-02-05
PALADIN ENERGY LTD ORD FOREIGN STOCK AUD   2013-08-27 2014-02-05
BEIJING ENTERPRISES WATER GROU FOREIGN STOCK HKD   2013-08-28 2014-05-08
BEIJING ENTERPRISES WATER GROU FOREIGN STOCK HKD   2013-08-28 2014-05-08
SHANGHAI FOSUN PHARMACEUTICAL FOREIGN STOCK CNY   2014-02-27 2014-09-29
SHANGHAI FOSUN PHARMACEUTICAL FOREIGN STOCK CNY   2014-02-27 2014-11-03
KRONES AG FOREIGN STOCK EUR   2014-10-30 2014-12-12
CONS WATER LTD FOREIGN STOCK   2013-08-15 2014-02-05
CONS WATER LTD FOREIGN STOCK   2013-08-15 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-08-16 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-08-16 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-08-19 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-08-19 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-09-04 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-09-17 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-09-18 2014-02-06
CONS WATER LTD FOREIGN STOCK   2013-09-18 2014-02-07
CONS WATER LTD FOREIGN STOCK   2013-09-25 2014-02-07
PENTAIR PLC FORIGN STOCK   2014-03-04 2014-08-12
PENTAIR PLC FORIGN STOCK   2014-03-04 2014-08-13
CHINA EVERBRIGHT INTL LTD HKD   2013-12-12 2014-09-29
CHINA EVERBRIGHT INTL LTD HKD   2013-12-12 2014-11-03
CSPC PHARMACEUTICAL GROUP LT FOREIGN STOCK HKD   2014-03-19 2014-09-29
CSPC PHARMACEUTICAL GROUP LT FOREIGN STOCK HKD   2014-03-19 2014-11-03
NIPPON STEEL & SUMITOMO METAL FOREIGN STOCK JPY   2014-01-09 2014-02-27
CHINA MEDICAL SYSTEM HOLDINGS FORIGN STOCK   2014-02-27 2014-09-29
CHINA MEDICAL SYSTEM HOLDINGS FORIGN STOCK   2014-02-27 2014-11-03
CT ENVIRONMENTAL GROUP LTD HKD   2014-08-14 2014-09-29
CT ENVIRONMENTAL GROUP LTD HKD   2014-08-14 2014-12-15
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-05 2014-01-22
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-05 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-06 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-07 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-08 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-11 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-12 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-13 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-14 2014-01-23
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-14 2014-01-24
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-15 2014-01-24
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-18 2014-01-24
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-19 2014-01-24
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-19 2014-01-27
LEES PHARMACEUTICAL FOREIGN STOCK HTD   2013-11-19 2014-01-28
SINO BIOPHARMACEUTICAL FOREIGN STOCK HKD   2013-07-17 2014-07-02
SINO BIOPHARMACEUTICAL FOREIGN STOCK HKD   2013-07-29 2014-07-02
UNITED LABORATORIES INTL HOLDINGS LTD HKD   2014-07-16 2014-11-03
STRATASYS LTD FOREIGN STOCK ILS   2014-10-30 2014-11-25
STRATASYS LTD FOREIGN STOCK ILS   2014-10-30 2014-12-01
STRATASYS LTD FOREIGN STOCK ILS   2014-10-31 2014-12-01
PUT POWERSHARES QQQ TRU DUE   2014-10-29 2014-11-07
PUT POWERSHARES QQQ TRU DUE   2014-10-29 2014-11-10
PUT POWERSHARES QQQ TRU DUE   2014-10-29 2014-12-11
SIIC ENVIRONMENT HLDGS LTD SGD   2014-10-31 2014-12-03
SIIC ENVIRONMENT HLDGS LTD SGD   2014-10-31 2014-12-03
SOUND GLOBAL LIMITED SHS FORIGN STOCK SGD   2013-12-11 2014-09-29
SOUND GLOBAL LIMITED SHS FORIGN STOCK SGD   2013-12-11 2014-11-03
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-06-04 2014-09-22
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-06-04 2014-09-26
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-06-04 2014-10-07
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-06-04 2014-11-03
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-06-04 2014-11-06
GREENHAVEN CONTINUOUS COMMODITY INDEX GUND   2014-07-01 2014-11-06
POWERSHARES DB MULTI SECTOR COMMODITY TR DB BASE METALS FUND   2014-07-29 2014-09-26
POWERSHARES DB MULTI SECTOR COMMODITY TR DB BASE METALS FUND   2014-07-29 2014-10-31
POWERSHARES DB MULTI SECTOR COMMODITY TR DB BASE METALS FUND   2014-07-29 2014-11-11
POWERSHARES DB MULTI SECTOR COMMODITY TR DB BASE METALS FUND   2014-07-29 2014-11-12
POWERSHARES DB MULTI SECTOR COMMODITY TR DB BASE METALS FUND   2014-09-04 2014-11-12
UNITED STATES NATL GAS FUND LP ETF   2014-11-11 2014-12-12
CAMECO CORP CANADA FOREIGN STOCK CAD   2013-01-24 2014-05-27
CAMECO CORP CANADA FOREIGN STOCK CAD   2013-01-24 2014-09-22
CAMECO CORP CANADA FOREIGN STOCK CAD   2013-05-16 2014-09-22
CAMECO CORP CANADA FOREIGN STOCK CAD   2013-05-16 2014-09-26
CAMECO CORP CANADA FOREIGN STOCK CAD   2013-05-16 2014-10-31
CHESAPEAKE ENERGY CORP OKLA   2013-01-24 2014-03-04
CHESAPEAKE ENERGY CORP OKLA   2013-05-16 2014-08-06
CHESAPEAKE ENERGY CORP OKLA   2013-05-16 2014-08-26
CHESAPEAKE ENERGY CORP OKLA   2013-06-28 2014-08-26
CHESAPEAKE ENERGY CORP OKLA   2013-06-28 2014-09-16
DELTA AIR LINES INC DELA NEW   2013-06-28 2014-07-14
DENISON MINES CORP FORIGN STOCK CAD   2013-03-22 2014-09-26
DENISON MINES CORP FORIGN STOCK CAD   2013-03-25 2014-09-26
DENISON MINES CORP FORIGN STOCK CAD   2013-03-25 2014-10-31
FLOWSERVE CORPORATION   2013-09-04 2014-09-26
FLOWSERVE CORPORATION   2013-09-16 2014-09-26
FLOWSERVE CORPORATION   2013-09-16 2014-10-07
FLOWSERVE CORPORATION   2013-09-18 2014-10-07
FLOWSERVE CORPORATION   2013-09-24 2014-10-07
MARKET VECTORS RUSSIA   2013-01-24 2014-04-11
MARKET VECTORS RUSSIA   2013-01-24 2014-04-17
MATTHEWS INTERNATIONAL PACIFIC TIGER FUND   2013-01-24 2014-01-28
MATTHEWS INTERNATIONAL PACIFIC TIGER FUND   2013-01-25 2014-01-28
SEVENTY SEVEN ENERGY INC COM   2013-05-16 2014-07-01
SEVENTY SEVEN ENERGY INC COM   2013-05-16 2014-07-15
SEVENTY SEVEN ENERGY INC COM   2013-06-28 2014-07-15
XYLEM INC   2013-09-26 2014-10-14
XYLEM INC   2013-09-26 2014-10-21
XYLEM INC   2013-10-02 2014-10-21
BEIJING ENTERPRISES WATER GROU FOREIGN STOCK HKD   2013-08-28 2014-09-29
BEIJING ENTERPRISES WATER GROU FOREIGN STOCK HKD   2013-09-17 2014-09-29
BEIJING ENTERPRISES WATER GROU FOREIGN STOCK HKD   2013-09-17 2014-12-15
SIHUAN PHARMACEUTICAL HLDGS FOREIGN STOCK HKD   2013-07-17 2014-09-29
SIHUAN PHARMACEUTICAL HLDGS FOREIGN STOCK HKD   2013-07-17 2014-11-03
AREVA FOREIGN STOCK EUR   2013-03-07 2014-09-17
AREVA FOREIGN STOCK EUR   2013-05-17 2014-09-17
DELTA AIR LINES INC DELA NEW   2012-03-09 2014-06-03
DELTA AIR LINES INC DELA NEW   2012-03-09 2014-07-14
MATTHEWS CHINA FUND   2012-01-17 2014-02-12
MATTHEWS CHINA FUND   2012-01-18 2014-02-12
MATTHEWS CHINA FUND   2012-10-23 2014-02-12
MATTHEWS CHINA FUND   2012-10-23 2014-07-15
MATTHEWS CHINA FUND   2012-10-23 2014-09-26
MATTHEWS CHINA FUND   2012-10-23 2014-10-31
MATTHEWS CHINA FUND   2012-10-23 2014-11-06
MATTHEWS CHINA FUND   2012-10-23 2014-12-12
PROSHARES TR SHORT 20+ YR ETF   2012-03-13 2014-02-26
PROSHARES TR SHORT 20+ YR ETF   2012-05-30 2014-02-26
PROSHARES TR SHORT 20+ YR ETF   2012-05-30 2014-03-17
PROSHARES TR SHORT 20+ YR ETF   2012-05-30 2014-04-14
PROSHARES TR SHORT 20+ YR ETF   2012-05-30 2014-04-30
T ROWE PRICE NEW ASIA FUND   2012-01-17 2014-01-28
T ROWE PRICE NEW ASIA FUND   2012-01-18 2014-01-28
SPDR GOLD TRUST   2012-01-17 2014-04-03
SPDR GOLD TRUST   2012-01-17 2014-09-22
SPDR GOLD TRUST   2012-01-17 2014-09-22
SPDR GOLD TRUST   2012-01-17 2014-10-31
SPDR GOLD TRUST   2012-01-17 2014-11-11
SPDR GOLD TRUST   2012-01-17 2014-12-30
TEJON RANCH CO COMMON STOCK   2012-05-17 2014-03-04
TEJON RANCH CO COMMON STOCK   2012-05-17 2014-04-21
TEJON RANCH CO COMMON STOCK   2012-05-18 2014-04-21
TEJON RANCH CO COMMON STOCK   2012-05-22 2014-04-21
URANIUM PARTICIPATION CORP FOREIGN STOCK CAD   2012-03-27 2014-09-26
URANIUM PARTICIPATION CORP FOREIGN STOCK CAD   2012-03-28 2014-09-26
COPA HOLDINGS SA CL A FOREIGN STOCK   2012-03-27 2014-01-28
PUT CBOE S&P 500 INDEX DUE 3/20/15   2014-07-10 2014-10-29
PUT CBOE S&P 500 INDEX DUE 3/20/15   2014-07-10 2014-11-07
PUT CBOE S&P 500 INDEX DUE 3/20/15   2014-07-10 2014-11-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-01-01 2014-01-17
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-01-01 2014-01-28
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-01-01 2014-03-17
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-02-04 2014-03-17
PUT CBOE S&P 500 INDEX DUE 1/17/15   2013-12-31 2014-04-02
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-01-21 2014-05-21
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-01-21 2014-05-21
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-03-17 2014-07-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-04-02 2014-07-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-04-02 2014-07-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-04-17 2014-07-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-04-17 2014-07-10
PUT CBOE S&P 500 INDEX DUE 1/17/15   2014-05-21 2014-07-10
PUT RUSSELL 2000 INDEX DUE 03/20/15   2014-10-29 2014-11-07
PUT RUSSELL 2000 INDEX DUE 03/20/15   2014-10-29 2014-11-10
PUT RUSSELL 2000 INDEX DUE 03/20/15   2014-10-29 2014-12-11
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-07-10 2014-09-26
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-07-10 2014-10-10
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-07-10 2014-10-29
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-07-10 2014-10-29
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-07-16 2014-10-29
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-08-04 2014-10-29
PUT RUSSELL 2000 INDEX DUE 12/20/14   2014-10-08 2014-10-29
SPDR GOLD TRUST     2014-01-14
SPDR GOLD TRUST     2014-02-19
SPDR GOLD TRUST     2014-03-17
SPDR GOLD TRUST     2014-04-10
SPDR GOLD TRUST     2014-05-16
SPDR GOLD TRUST     2014-06-17
SPDR GOLD TRUST     2014-07-10
SPDR GOLD TRUST     2014-08-13
SPDR GOLD TRUST     2014-09-11
SPDR GOLD TRUST     2014-10-10
SPDR GOLD TRUST     2014-11-13
SPDR GOLD TRUST     2014-12-11
TEJON RANCH CO WARRANT EXP 8/31/16     2014-08-15
TEJON RANCH CO WARRANT EXP 8/31/16     2014-08-15
TEJON RANCH CO WARRANT EXP 8/31/16     2014-08-15
TEJON RANCH CO WARRANT EXP 8/31/16     2014-08-15
UBS - U/R LOSS ON OPEN CONTRACTS - 12/31/14     2014-12-31
(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 127,652   121,734 5,918
b 351,350   332,587 18,763
c 16   3 13
d 18   3 15
e       0
14   2 12
50,710   7,359 43,351
28,707   29,179 -472
1,942,067   344,700 1,597,367
1,110,719   90,837 1,019,882
105,998   5,897 100,101
610,009   444,580 165,429
788,460   820,678 -32,218
368,873   414,296 -45,423
260,009   318,658 -58,649
345,211   353,309 0
73,737   74,869 0
158,968   165,370 -6,402
10,108   11,031 -923
4,582   4,847 -265
71,970   77,261 -5,291
326,831   353,572 -26,741
43,371   34,310 9,061
662   813 -151
6,807   8,657 -1,850
180,324   163,552 16,772
255,993   222,806 33,187
87,122   80,150 6,972
114,629   105,426 9,203
133,134   122,332 10,802
370,707   399,618 -28,911
342,781   261,418 81,363
166,616   129,345 37,271
43,243   35,096 8,147
164,311   114,200 50,111
179,554   120,571 58,983
430,830   300,096 130,734
266,197   196,592 69,605
15,153   15,900 -747
4,083   3,993 90
42,846   41,650 1,196
1,529   1,513 16
16,734   15,939 795
246,798   190,459 56,339
319,257   207,904 111,353
14,423   15,437 -1,014
148,724   133,782 14,942
239,227   216,275 22,952
505,885   476,560 29,325
105,198   80,622 24,576
146,424   110,617 35,807
393,768   312,546 81,222
9,709   10,866 -1,157
9,954   13,504 0
318,495   383,836 -65,341
11,268   14,098 -2,830
105,899   126,247 -20,348
1,531   2,406 -875
76,228   126,414 -50,186
79,005   80,434 -1,429
359,433   400,844 -41,411
179,016   173,715 5,301
89,139   85,619 3,520
149,900   115,901 33,999
8,525   12,712 0
175,279   195,423 -20,144
13,955   15,506 -1,551
389,142   414,903 -25,761
79,116   56,972 22,144
75,439   51,947 23,492
317,843   267,389 50,454
39,462   43,382 -3,920
16,028   20,387 0
281,236   318,449 -37,213
144,670   158,297 -13,627
126,091   145,068 -18,977
59,431   61,486 -2,055
25,454   28,160 -2,706
292,281   337,013 -44,732
5,245   5,087 158
54,437   52,965 1,472
332,834   418,890 -86,056
68,755   61,251 7,504
32,141   27,952 4,189
426,996   423,463 3,533
4,146   3,968 178
43,976   41,896 2,080
401,077   418,510 -17,433
446,304   378,718 67,586
118,273   121,430 0
51,888   54,970 -3,082
39,418   44,012 -4,594
196,932   217,779 -20,847
52,944   60,808 -7,864
108,756   128,066 -19,310
193,431   219,015 -25,584
168,683   220,739 -52,056
86,835   89,886 -3,051
39,240   40,509 -1,269
42,329   41,702 627
351,713   391,430 -39,717
95,924   114,011 -18,087
3,963   4,275 0
43,646   44,598 0
190,994   197,675 -6,681
12,869   13,410 -541
80,064   70,212 9,852
391,283   355,004 36,279
501,493   535,926 -34,433
185,389   199,569 -14,180
405,029   399,818 5,211
411,445   373,237 38,208
199,737   191,912 7,825
103,634   98,458 5,176
111,486   114,392 -2,906
135,716   177,088 -41,372
155,357   209,105 -53,748
748   805 -57
7,499   8,317 -818
67,143   99,622 -32,479
62,936   60,496 2,440
69,870   73,522 -3,652
279,379   296,286 -16,907
189,230   198,007 -8,777
192,934   215,605 -22,671
374,459   449,075 -74,616
8,911   10,783 -1,872
462,769   562,656 -99,887
444,868   407,688 37,180
321,148   302,633 18,515
77,067   80,398 -3,331
106,080   122,928 0
256,540   318,597 -62,057
150,152   189,060 -38,908
78,446   97,389 -18,943
98,984   139,733 -40,749
600,894   636,484 -35,590
540,214   636,441 -96,227
346,793   412,517 -65,724
25,174   19,611 5,563
202,767   203,749 -982
309,619   294,601 15,018
206,810   195,202 11,608
403,103   377,212 25,891
8,202   10,925 -2,723
7,898   13,369 0
6,046   11,985 0
381,317   372,278 9,039
8,982   12,554 0
6,111   11,054 0
8,274   13,122 0
6,185   11,029 0
56,489   62,155 -5,666
25,066   28,508 -3,442
180,254   139,725 40,529
62,849   65,746 -2,897
29,084   28,932 152
97,653   108,571 -10,918
90,839   209,795 -118,956
20,950   43,197 -22,247
82,276   169,388 -87,112
105,136   138,037 -32,901
108,549   80,286 28,263
265,612   196,446 69,166
54,628   64,562 -9,934
28,048   30,382 -2,334
1,071   1,034 37
77,908   83,916 -6,008
38,764   42,723 -3,959
7,897   8,631 -734
123,772   136,493 -12,721
106,218   119,165 -12,947
116,394   132,360 -15,966
33,845   39,292 -5,447
70,511   87,767 -17,256
36,666   46,074 -9,408
23,548   29,062 -5,514
126,355   163,897 -37,542
185,005   221,289 -36,284
192,794   229,473 -36,679
99,996   92,888 7,108
45,567   40,333 5,234
60,724   75,035 -14,311
29,018   33,818 -4,800
372,037   426,997 -54,960
74,846   59,504 15,342
184,632   137,521 47,111
56,186   58,632 0
43,097   35,017 8,080
38,360   39,189 -829
22,710   23,327 -617
27,252   28,683 -1,431
9,084   9,580 -496
13,626   14,228 -602
9,084   9,488 -404
4,542   4,808 -266
9,084   9,610 -526
13,626   14,327 -701
27,483   28,653 -1,170
13,742   14,366 -624
4,581   4,802 -221
13,742   14,413 -671
195,454   206,582 -11,128
12,563   13,452 -889
346,095   307,775 38,320
92,503   86,696 5,807
32,149   31,051 1,098
121,804   134,347 -3,130
61,684   71,537 -9,853
86,932   113,860 -26,928
38,431   52,599 -14,168
1,440   2,210 -770
88,327   208,186 -119,859
7,681   8,716 -1,035
66,971   75,944 -8,973
156,807   88,848 67,959
86,207   44,134 42,073
1,721   1,942 -221
289,000   323,877 -34,877
839,187   926,416 -87,229
59,477   66,989 -7,512
735,129   844,393 -109,264
5,796   6,702 -906
102,353   107,023 -1,046
47,190   48,666 -1,476
468   496 -28
482,242   499,312 -17,070
80,214   88,295 -8,081
1,334,808   1,540,292 -205,484
301,668   337,635 -35,967
25,835   29,680 -3,845
108,177   123,978 -15,801
33,599   40,591 -6,992
14,641   18,176 -3,535
279,558   206,938 72,620
142,358   104,684 37,674
304,824   219,871 84,953
51,478   37,741 13,737
402,954   310,647 92,307
1,123,370   558,840 564,530
90,787   116,341 -25,554
28,273   36,236 -7,963
47,404   75,834 -28,430
470,878   385,155 85,723
29,386   25,540 3,846
63,033   57,541 5,492
114,606   104,041 10,565
134,830   125,017 9,813
405,346   526,940 -121,594
431,628   558,975 -127,347
326,614   340,993 -14,379
489,908   509,798 -19,890
17   11 6
30,505   19,858 10,647
32,233   21,327 10,906
246,347   212,709 33,638
59,959   49,230 10,729
244,240   198,629 45,611
181,768   116,622 65,146
21,909   13,970 7,939
90,906   58,144 32,762
100,745   47,330 53,415
57,284   25,431 31,853
488,370   582,427 -94,057
348,834   395,661 -46,827
59,377   13,571 45,806
530,680   132,790 397,890
900,021   921,281 -21,260
143,184   150,082 -6,898
241,594   251,665 -10,071
410,772   417,077 -6,305
159,038   163,322 -4,284
70,539   71,428 -889
43,274   44,098 -824
41,089   43,631 -2,542
544,714   575,316 -30,602
349,625   331,975 17,650
327,183   312,590 14,593
848,798   833,465 15,333
426,609   421,286 5,323
1,561,218   1,471,228 89,990
184,905   177,527 7,378
260,222   335,617 -75,395
401,821   542,237 -140,416
281,251   382,657 -99,884
263,288   370,268 -106,980
2,770   3,956 -1,186
8,895   12,181 0
432,963   325,520 107,443
69,318   60,222 9,096
683,676   602,249 81,427
218,138   192,078 26,060
76,031   98,696 -22,665
225,566   292,572 -67,006
349,243   206,017 143,226
71,045   90,551 -19,506
116,120   226,378 -110,258
16,575   36,221 -19,646
363,370   376,125 -12,755
76,595   64,840 11,755
81,178   97,260 -16,082
169,121   287,630 -118,509
202,820   316,930 -114,110
176,847   306,155 -129,308
106,108   182,790 -76,682
115,779   310,945 -195,166
132,319   287,525 -155,206
124,049   270,150 -146,101
82,699   193,705 -111,006
103,374   242,125 -138,751
152,994   281,390 -128,396
35,875   47,161 -11,286
7,945   11,790 -3,845
94,775   165,064 -70,289
73,530   65,526 8,004
102,045   59,569 42,476
75,904   113,181 -37,277
155,803   232,635 -76,832
103,869   167,575 -63,706
155,803   318,440 -162,637
39,950   78,735 -38,785
1,520     0
1,465     0
1,349     0
1,461     0
1,506     0
1,450     0
1,377     0
1,501     0
1,704     0
1,183     0
1,118     0
1,110     0
1,156     0
2,995     0
5,963     0
1,903     0
    605,272 -605,272
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       5,918
b       18,763
c       13
d       15
e       0
      12
      43,351
      -472
      1,597,367
      1,019,882
      100,101
      165,429
      -32,218
      -45,423
      -58,649
      0
      0
      -6,402
      -923
      -265
      -5,291
      -26,741
      9,061
      -151
      -1,850
      16,772
      33,187
      6,972
      9,203
      10,802
      -28,911
      81,363
      37,271
      8,147
      50,111
      58,983
      130,734
      69,605
      -747
      90
      1,196
      16
      795
      56,339
      111,353
      -1,014
      14,942
      22,952
      29,325
      24,576
      35,807
      81,222
      -1,157
      0
      -65,341
      -2,830
      -20,348
      -875
      -50,186
      -1,429
      -41,411
      5,301
      3,520
      33,999
      0
      -20,144
      -1,551
      -25,761
      22,144
      23,492
      50,454
      -3,920
      0
      -37,213
      -13,627
      -18,977
      -2,055
      -2,706
      -44,732
      158
      1,472
      -86,056
      7,504
      4,189
      3,533
      178
      2,080
      -17,433
      67,586
      0
      -3,082
      -4,594
      -20,847
      -7,864
      -19,310
      -25,584
      -52,056
      -3,051
      -1,269
      627
      -39,717
      -18,087
      0
      0
      -6,681
      -541
      9,852
      36,279
      -34,433
      -14,180
      5,211
      38,208
      7,825
      5,176
      -2,906
      -41,372
      -53,748
      -57
      -818
      -32,479
      2,440
      -3,652
      -16,907
      -8,777
      -22,671
      -74,616
      -1,872
      -99,887
      37,180
      18,515
      -3,331
      0
      -62,057
      -38,908
      -18,943
      -40,749
      -35,590
      -96,227
      -65,724
      5,563
      -982
      15,018
      11,608
      25,891
      -2,723
      0
      0
      9,039
      0
      0
      0
      0
      -5,666
      -3,442
      40,529
      -2,897
      152
      -10,918
      -118,956
      -22,247
      -87,112
      -32,901
      28,263
      69,166
      -9,934
      -2,334
      37
      -6,008
      -3,959
      -734
      -12,721
      -12,947
      -15,966
      -5,447
      -17,256
      -9,408
      -5,514
      -37,542
      -36,284
      -36,679
      7,108
      5,234
      -14,311
      -4,800
      -54,960
      15,342
      47,111
      0
      8,080
      -829
      -617
      -1,431
      -496
      -602
      -404
      -266
      -526
      -701
      -1,170
      -624
      -221
      -671
      -11,128
      -889
      38,320
      5,807
      1,098
      -3,130
      -9,853
      -26,928
      -14,168
      -770
      -119,859
      -1,035
      -8,973
      67,959
      42,073
      -221
      -34,877
      -87,229
      -7,512
      -109,264
      -906
      -1,046
      -1,476
      -28
      -17,070
      -8,081
      -205,484
      -35,967
      -3,845
      -15,801
      -6,992
      -3,535
      72,620
      37,674
      84,953
      13,737
      92,307
      564,530
      -25,554
      -7,963
      -28,430
      85,723
      3,846
      5,492
      10,565
      9,813
      -121,594
      -127,347
      -14,379
      -19,890
      6
      10,647
      10,906
      33,638
      10,729
      45,611
      65,146
      7,939
      32,762
      53,415
      31,853
      -94,057
      -46,827
      45,806
      397,890
      -21,260
      -6,898
      -10,071
      -6,305
      -4,284
      -889
      -824
      -2,542
      -30,602
      17,650
      14,593
      15,333
      5,323
      89,990
      7,378
      -75,395
      -140,416
      -99,884
      -106,980
      -1,186
      0
      107,443
      9,096
      81,427
      26,060
      -22,665
      -67,006
      143,226
      -19,506
      -110,258
      -19,646
      -12,755
      11,755
      -16,082
      -118,509
      -114,110
      -129,308
      -76,682
      -195,166
      -155,206
      -146,101
      -111,006
      -138,751
      -128,396
      -11,286
      -3,845
      -70,289
      8,004
      42,476
      -37,277
      -76,832
      -63,706
      -162,637
      -38,785
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      -605,272
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 2 386,030
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 5,174,777 39,178,429 0.132082
2012 2,656,343 38,578,435 0.068856
2011 2,605,650 41,276,588 0.063127
2010 2,305,210 38,319,878 0.060157
2009 1,897,249 32,081,998 0.059137
2 Total of line 1, column (d) ...................... 2 0.383359
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 0.076672
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 38,430,827
5 Multiply line 4 by line 3....................... 5 2,946,568
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,823
7 Add lines 5 and 6......................... 7 2,953,391
8 Enter qualifying distributions from Part XII, line 4.............. 8 9,514,163
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 6,823
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 6,823
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 6,823
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,406
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,406
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 22,583
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,000 RefundedBullet 11 14,583
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)
    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 addressbulletN/A
    14
    The books are in care ofbulletJENELLE WELLER Telephone no.bullet (612) 259-8696
    Located atbullet80 SOUTH 8TH STREET SUITE 4900MINNEAPOLISMN 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
     
     
    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
    STEVEN C LEUTHOLD DIRECTOR
    1.00     		9,000 0 0
    1300 YALE PLACE SUITE 329
    MINNEAPOLIS,MN55403
    DR LINDA LEUTHOLD DONERKIEL DIRECTOR
    1.00     		9,000 0 0
    750 COW HORSE DRIVE
    KUNA,ID83634
    MICHAEL LEUTHOLD DIRECTOR
    1.00     		9,000 0 0
    10201 E GLENN STREET
    TUCSON,AZ85749
    KURT LEUTHOLD DIRECTOR
    1.00     		9,000 0 0
    1810 OAKVIEW LANE N
    PLYMOUTH,MN55441
    RUSSELL LEUTHOLD DIRECTOR
    1.00     		9,000 0 0
    31357 CHAMPAGNE ROAD
    WAUKEE,IA50263
    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 Click to see attachment 0
    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
    37,316,051
    b
    Average of monthly cash balances.......................
    1b
    1,700,017
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,016,068
    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
    39,016,068
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    585,241
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    38,430,827
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,921,541
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,921,541
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    6,823
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,823
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,914,718
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,914,718
    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
    1,914,718
    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
    9,514,163
    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
    9,514,163
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    6,823
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,507,340
    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 1,914,718
    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....... 316,841
    b From 2010....... 407,268
    c From 2011....... 573,286
    d From 2012....... 759,777
    e From 2013....... 3,263,444
    fTotal of lines 3a through e......... 5,320,616
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 9,514,163
    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..... 1,914,718
    e Remaining amount distributed out of corpus 7,599,445
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 12,920,061
    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) ...     		316,841
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		12,603,220
    10 Analysis of line 9:
    a Excess from 2010.... 407,268
    b Excess from 2011.... 573,286
    c Excess from 2012.... 759,777
    d Excess from 2013.... 3,263,444
    e Excess from 2014.... 7,599,445
    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).)
    STEVEN C LEUTHOLD
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    STEVEN C LEUTHOLD
    33 SOUTH 6TH STREET SUITE 4600
    MINNEAPOLIS,MN55402
    (612) 332-1567
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER STATING PURPOSE FOR WHICH FUNDS ARE REQUESTED AND RELEVANT INFORMATION ON ACTIVITIES OF ORGANIZATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2014)
    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
    30 DAYS FOUNDATION
    8014 OLSON HIGHWAY 195
    GOLDEN VALLEY,MN55427     		NONE   OPERATIONS 9,000
    ACLU-DESIGNATED AG GAG
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		NONE   OPERATIONS 35,000
    ALBERT PAINE UNITED METHODIST CHURCH
    1631 PORTAGE DR
    HANCOCK,MI49930     		NONE   OPERATIONS 5,000
    ALBERTINI MELANOMA RESEARCH - UWI
    600 HIGHLAND AVENUE K6/530 CSC
    MADISON,WI537924678     		NONE   OPERATIONS 10,000
    ALLIANCE FOR SUSTAINABILITY
    2801 21ST AVE S SUITE 100
    MINNEAPOLIS,MN55407     		NONE   OPERATIONS 5,000
    AMERICAN BIRD CONSERVANCY
    PO BOX 249 4249 LOUDOUN AVE
    THE PLAINS,VA201982237     		NONE   OPERATIONS 5,000
    AMERICAN PRAIRIE RESERVE
    7 EAST BEALL ST SUITE 100
    BOZEMAN,MT59715     		NONE   OPERATIONS 10,000
    AMERICAN RIVERS
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC200055637     		NONE   OPERATIONS 25,000
    AMERICAN VET MED FOUNDATION
    1931 N MEACHAM RD STE 100
    SCHAUMBURG,IL60173     		NONE   OPERATIONS 5,000
    AMICUSVOA
    7625 METRO BLVD
    MINNEAPOLIS,MN05439     		NONE   OPERATIONS 5,000
    ANIMAL WELFARE INSTITUTE
    900 PENNSYLVANIA AVE SE
    WASHINGTON,DC20027     		NONE   OPERATIONS 14,000
    ANIMALS IN DISTRESS
    2201 WEST BOISE AVE
    BOISE,ID837063163     		NONE   OPERATIONS 5,000
    ARIZONA LAND AND WATER TRUST
    3127 N CHERRY AVENUE
    TUCSON,AZ85719     		NONE   OPERATIONS 10,000
    ARIZONAS CHILDREN'S ASSOCPARENT CONNECTION
    2700 S 8TH STREET
    TUCSON,AZ85713     		NONE   OPERATIONS 15,000
    AUDREY PETWEST VETNIGEL FOUND
    5019 N SAWYER
    GARDEN CITY,ID83714     		NONE   OPERATIONS 10,000
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON RD
    KANAB,UT84741     		NONE   OPERATIONS 2,000
    BIG BROTHERSBIG SISTERS OF SW IDAHO
    110 NORTH 27TH ST
    BOISE,ID83702     		NONE   OPERATIONS 12,000
    BIG BROTHERSBIG SISTERS OF TUCSON
    160 E ALAMEDA ST
    TUCSON,AZ85701     		NONE   OPERATIONS 6,000
    BOGUS BASIN RECREATIONAL ASSOC
    2600 BOGUS BASIN ROAD
    BOISE,ID83702     		NONE   OPERATIONS 5,000
    BORN FREE
    1122 S STREET
    SACRAMENTO,CA95822     		NONE   OPERATIONS 8,000
    BOYS & GIRLS CLUB ADA
    610 EAST 42ND STREET
    GARDEN CITY,ID83714     		NONE   OPERATIONS 21,000
    BOYS & GIRLS CLUB KUNA COUNTY
    610 EAST 42ND STREET
    GARDEN CITY,ID83714     		NONE   OPERATIONS 20,000
    BOYS & GIRLS CLUB OF TUCSON
    PO BOX 40217
    TUCSON,AZ85717     		NONE   OPERATIONS 10,000
    CAN DO CANINES
    9440 SCIENCE CENTER DRIVE
    NEW HOPE,MN55428     		NONE   OPERATIONS 19,000
    CANYON COUNTY ANIMAL SHELTER
    5801 GRAYE LANE
    CALDWELL,ID83607     		NONE   OPERATIONS 20,000
    CATCH INC
    503 S AMERICANA BLVD
    BOISE,ID83702     		NONE   OPERATIONS 10,000
    CENTER FOR BIOLOGICAL DIVERSITY (GENERAL)
    1333 NORTH ORACLE
    TUCSON,AZ85702     		NONE   OPERATIONS 40,000
    CENTER FOR BIOLOGICAL DIVERSITY
    1333 NORTH ORACLE
    TUCSON,AZ85702     		NONE   OPERATIONS 20,000
    CENTER FOR SCIENCE IN THE PUBLIC INTEREST
    1220 L STREET NW STE 300
    WASHINGTON,DC20005     		NONE   OPERATIONS 5,000
    CHILD LANGUAGE CENTER INC
    202 E SPEEDWAY
    TUCSON,AZ85705     		NONE   OPERATIONS 24,000
    CHILDREN'S CHANCE
    1617 INDEPENDENCE AVE N
    GOLDEN VALLEY,MN55427     		NONE   OPERATIONS 28,000
    CHILDREN'S HOME SOCIETY & FAMILY SERVICES
    1605 EUSTIS STREET
    ST PAUL,MN55116     		NONE   OPERATIONS 50,000
    CHIMP HAVEN
    13600 CHIMPANZEE PLACE
    KEITHVILLE,LA71047     		NONE   OPERATIONS 20,000
    COALITION FOR SONORAN DESERT PROTECTION
    300 EAST UNIVERSITY BLVD SUITE 120
    TUCSON,AZ85705     		NONE   OPERATIONS 25,000
    COKATO-DASSEL HISTORICAL MUSEUM
    175 WEST 4TH STREET PO BOX 41
    COKATO,MN553210041     		NONE   OPERATIONS 3,000
    COLORADO THERAPEUTIC RIDING CENTER
    11968 MINERAL ROAD
    LONGMONT,CO80504     		NONE   OPERATIONS 4,000
    COMMUNITY FOOD BANK TUCSON
    3003 SOUTH COUNTRY CLUB ROAD
    TUCSON,AZ85713     		NONE   OPERATIONS 38,000
    COMMUNITY VETERINARY CENTER
    PO BOX 25156
    EUGENE,OR97402     		NONE   OPERATIONS 4,000
    COMPATIBLE TECHNOLOGIES INTERNATIONAL
    800 TRANSFER ROAD SUITE 6
    ST PAUL,MN55114     		NONE   OPERATIONS 55,000
    CONSERVATION FUND
    PO BOX 3585
    DULUTH,MN55803     		NONE   OPERATIONS 10,000
    COPPER COUNTRY AUDUBON SOCIETY
    PO BOX 124
    HOUGHTON,MI49931     		NONE   OPERATIONS 11,000
    COPPER COUNTRY CHAPTER OF TROUT UNLIMITED
    907 DONMAR DRIVE
    HOUGHTON,MI49931     		NONE   OPERATIONS 10,000
    COPPER COUNTRY HISTORY MUSEUM
    534 ISLE ROYALE STREET
    LAURIUM,MI49913     		NONE   OPERATIONS 3,000
    COPPER HARBOR TRAILS CLUB
    PO BOX 37
    COPPER HARBOR,MI49918     		NONE   OPERATIONS 5,000
    COPPER RANGE HISTORICAL SOCIETY
    44 TRIMOUNTAIN AVE PO BOX 148
    SOUTH RANGE,MI49963     		NONE   OPERATIONS 2,000
    DESERT DOVE FARM
    PO BOX 31615
    TUCSON,AZ85751     		NONE   OPERATIONS 5,000
    DODGE COUNTY HISTORICAL SOCIETY
    PO BOX 456 615 MAIN ST
    MANTORVILLE,MN559550456     		NONE   OPERATIONS 4,000
    EARTH WORKS
    1612 K ST NW SUITE 808
    WASHINGTON,DC20006     		NONE   OPERATIONS 21,000
    EARTHJUSTICE
    705 SECOND AVENUE SUITE 203
    SEATTLE,WA98104     		NONE   OPERATIONS 35,000
    EL RIO FOUNDATION
    839 W CONGRESS
    TUCSON,AZ85745     		NONE   OPERATIONS 30,000
    ELECTRONIC FRONTIER FOUNDATION
    815 EDDY STREET
    SAN FRANCISCO,CA94109     		NONE   OPERATIONS 33,000
    ENGLISH LEARNING CENTER
    2315 CHICAGO AVE S
    MINNEAPOLIS,MN55405     		NONE   OPERATIONS 7,000
    ENVIRONMENTAL PAPER NETWORK
    16 EAGLE STREET STE 200
    ASHEVILLE,NC28801     		NONE   OPERATIONS 10,000
    EVOLVE FOUNDATION
    1315 WALNUT STREET
    PHILADELPHIA,PA19107     		NONE   OPERATIONS 5,000
    EVOLVE FOUNDATION
    1315 WALNUT STREET
    PHILADELPHIA,PA19107     		NONE   OPERATIONS 5,000
    FAMILY CARE FOUNDATION
    PO BOX 1039
    SPRING VALLEY,CA91979     		NONE   OPERATIONS 58,000
    FAMILY PLANNING ASSOCIATION ME
    43 GABRIEL DRIVE PO BOX 587
    AUGUSTA,ME043320587     		NONE   OPERATIONS 6,000
    FAMILY LEGACYKINGDOM HOUSE
    5005 WEST ROYAL LANE STE 252
    IRVING,TX75036     		NONE   OPERATIONS 5,000
    FEED MY STARVING CHILDREN
    401 93RD AVE NW
    COON RAPIDS,MN55433     		NONE   OPERATIONS 104,000
    FLORIDA KEYS WILDLIFE RESCUE INC
    1388 AVE B
    BIG PINE KEY,FL33043     		NONE   OPERATIONS 8,000
    FREEBORN COUNTY HUMANE SOCIETY
    101 JAMES AVENUE
    ALBERT LEA,MN56007     		NONE   OPERATIONS 10,000
    FRESH ENERGY
    408 SAINT PETER STREET STE 220
    ST PAUL,MN55102     		NONE   OPERATIONS 5,000
    FRIENDS OF CASCO BAY
    43 SLOCUM DRIVE
    SOUTH PORTLAND,ME04106     		NONE   OPERATIONS 10,000
    FRIENDS OF CAVE CREEK CANYON
    PO BOX 16126
    PORTAL,AZ85362     		NONE   OPERATIONS 1,000
    FRIENDS OF SAX-ZIMM BOG
    2515 GARTHUS ROAD
    WRENSHALL,MN55797     		NONE   OPERATIONS 44,000
    FRIENDS OF THE MISSISSIPPI
    360 N ROBERT ST STE 400
    ST PAUL,MN55101     		NONE   OPERATIONS 32,000
    FRIENDS OF THE WILD FLOWER GARDEN
    PO BOX 3793
    MINNEAPOLIS,MN55403     		NONE   OPERATIONS 5,000
    GLEN CANYON INSTITUTE
    429 EAST 100 SOUTH
    SALT LAKE CITY,UT84111     		NONE   OPERATIONS 35,000
    GRANDPARENTS AS PARENTS INC
    22048 SHERMAN WAY 217
    CANOGA PARK,CA91303     		NONE   OPERATIONS 14,000
    GRATIOT LAKE CONSERVANCY
    PO BOX 310
    MOHAWK,MI49950     		NONE   OPERATIONS 6,000
    GREENPEACE
    702 H STREET NW SUITE 300
    WASHINGTON,DC20001     		NONE   OPERATIONS 10,000
    GREYHOUND RESCUE OF IDAHO
    146 N MIDDLETON ROAD PMB 125
    NAMPA,ID83651     		NONE   OPERATIONS 4,000
    HEARTGIFT LOUISIANA
    5500 PRYTANIA 306
    NEW ORLEANS,LA70461     		NONE   OPERATIONS 10,000
    HERITAGE RADIO SOCIETY INC
    219 COUSINS ST
    YARMOUTH,ME04096     		NONE   OPERATIONS 3,000
    HOUGHTON COUNTY HISTORICAL SOCIETY
    53150 HWY M-26
    LAKE LINDON,MI49945     		NONE   OPERATIONS 4,000
    HUMANE FARMING ASSOCIATION
    PO BOX 3577
    SAN RAFAEL,CA94912     		NONE   OPERATIONS 55,000
    HUMANE SOCIETY OF SOUTHERN ARIZONA
    3450 N KELVIN BLVD
    TUCSON,AZ85716     		NONE   OPERATIONS 5,000
    HUMANE SOCIETY OF THE UNITED STATES
    700 PROFESSIONAL DRIVE
    GAITHERSBURG,MD20879     		NONE   OPERATIONS 50,000
    HUMANE SOCIETY OF THE UNITED STATES
    700 PROFESSIONAL DRIVE
    GAITHERSBURG,MD20879     		NONE   OPERATIONS 8,000
    IDAHO ACADEMIC DECATHLON
    815 W WASHINGTON STE 2
    BOISE,ID83702     		NONE   OPERATIONS 3,000
    IDAHO BOTANICAL GARDENS
    2355 OLD PENITENTIARY ROAD
    BOISE,ID83712     		NONE   OPERATIONS 5,000
    IDAHO ENVIRONMENTAL ASSOCIATION
    PO BOX 371
    LAPWAI,ID83540     		NONE   OPERATIONS 3,000
    IDAHO FOODBANK WAREHOUSE
    3562 SOUTH TK AVENUE
    BOISE,ID83705     		NONE   OPERATIONS 10,000
    IDAHO YOUTH RANCH
    5465 WEST IRVING STREET
    BOISE,ID83706     		NONE   OPERATIONS 20,000
    INSTITUTE OF RANGE AND AMERICAN MUSTANG
    PO BOX 998
    HOT SPRINGS,SD57747     		NONE   OPERATIONS 6,000
    INTERCULTURAL CENTER FOR STUDY OF DESERTS & OCEANS
    PO BOX 44208
    TUCSON,AZ85733     		NONE   OPERATIONS 3,000
    IZAAK WALTON LEAGUE OF AMERICA MINNESOTA DIVISION
    2233 UNIVERSITY AVE W STE 339
    ST PAUL,MN55114     		NONE   OPERATIONS 7,000
    KBEM RADIO
    1555 JAMES AVENUE N
    MINNEAPOLIS,MN55411     		NONE   OPERATIONS 2,000
    KEWEENAW COMMUNITY FOREST COMPANY
    13992 SMITH FISHERIES ROAD
    MOHAWK,MI49950     		NONE   OPERATIONS 57,000
    KEWEENAW COUNTY HISTORICAL SOCIETY
    670 LIGHTHOUSE ROAD
    EAGLE HARBOR,MI49950     		NONE   OPERATIONS 10,000
    KEWEENAW LAND TRUST
    801 NORTH LINCOLN DR STE 306
    HANCOCK,MI49930     		NONE   OPERATIONS 21,000
    LIFE'S KITCHEN
    1025 S CAPITOL BLVD STE 106
    BOISE,ID83706     		NONE   OPERATIONS 10,000
    LIVE THEATER WORKSHOP
    5317 SPEEDWAY BLVD
    TUCSON,AZ85712     		NONE   OPERATIONS 8,000
    MAINE PBS
    1450 LISBON STREET
    LEWISTON,ME04240     		NONE   OPERATIONS 7,000
    MAKE OLD THINGS NEW
    2120 MINNEHAHA AVE S
    MINNEAPOLIS,MN55404     		NONE   OPERATIONS 6,000
    MCPAWS REGIONAL ANIMAL SHELTER
    PO BOX 1375
    MCCALL,ID83638     		NONE   OPERATIONS 10,000
    MICHIGAN NATURE ASSOCIATION
    326 E GRAND RIVER AVENUE
    WILLIAMSTON,MI48895     		NONE   OPERATIONS 15,000
    MINNEAPOLIS RECREATIONAL DEVELOPMENT
    7220 YORK AVENUE S 610
    EDINA,MN55435     		NONE   OPERATIONS 12,000
    MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCACY
    26 E EXCHANGE ST STE 206
    ST PAUL,MN55101     		NONE   OPERATIONS 5,000
    MINNESOTA COUNCIL ON ECONOMIC EDUCATION
    DEPT OF APPLIED ECON 1994 BUFORD
    AVE
    ST PAUL,MN55108     		NONE   OPERATIONS 4,000
    MINNESOTA ZOO
    13000 ZOO BOULEVARD
    APPLE VALLEY,MN55124     		NONE   OPERATIONS 5,000
    MOBILE MEALS OF TUCSON
    4803 EAST 5TH STREET 209
    TUCSON,AZ85711     		NONE   OPERATIONS 11,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    546 RICE STREE
    ST PAUL,MN55101     		NONE   OPERATIONS 4,000
    NATIONAL STUTTERING ASSOCIATION
    119 W 40TH STREET 14TH FL
    NEW YORK,NY10018     		NONE   OPERATIONS 2,000
    NATURE CONSERVANCY ARIZONA
    1510 E FT LOWELL ROAD
    TUCSON,AZ85719     		NONE   OPERATIONS 14,000
    NATURE CONSERVANCY ARIZONA
    1510 E FT LOWELL ROAD
    TUCSON,AZ85719     		NONE   OPERATIONS 12,000
    NATURE CONSERVANCY COSTA RICA
    245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22204     		NONE   OPERATIONS 5,000
    NATURE CONSERVANCY HAWAII
    923 NUUANU AVE
    HONOLULU,HI96816     		NONE   OPERATIONS 9,000
    NATURE CONSERVANCY IDAHO
    116 FIRST AVENUE NORTH
    HAILEY,ID08333     		NONE   OPERATIONS 44,000
    NATURE CONSERVANCY IOWA
    505 FIFTH AVEUE STE 930
    DES MOINES,IA50309     		NONE   OPERATIONS 6,000
    NATURE CONSERVANCY MAINE
    14 MAINE ST STE 401
    BRUNSWICK,ME04011     		NONE   OPERATIONS 24,000
    NATURE CONSERVANCY MICHIGAN
    101 E GRAND RIVER
    LANSING,MI48912     		NONE   OPERATIONS 49,000
    NATURE CONSERVANCY MINNESOTA
    1101 WEST RIVER PKWY STE 200
    MINNEAPOLIS,MN55415     		NONE   OPERATIONS 34,000
    NATURE CONSERVANCY UTAH
    559 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		NONE   OPERATIONS 10,000
    NEPAL SOCIAL SERVICE FUND
    77461 297TH STREET
    CLARKS GROVE,MN56016     		NONE   OPERATIONS 30,000
    NEWBORNS IN NEED
    3619 LYNDALE AVENUE SOUTH
    MINNEAPOLIS,MN55409     		NONE   OPERATIONS 2,000
    NORTHEAST WILDERNESS TRUST
    17 STATE STREET SUITE 302
    MONTPELIER,VT05602     		NONE   OPERATIONS 44,000
    NORWEGIAN LUTHERAN CHURCH HISTORICAL SOCIETY
    608 ELM ST
    CALUMET,MI49913     		NONE   OPERATIONS 4,000
    NATURAL RESOURCES DEFENSE COUNCIL NRDC
    40 W 20TH ST
    NEW YORK,NY10011     		NONE   OPERATIONS 35,000
    OLD PUEBLO TROLLEY
    3736 N TUCSON BLVD
    TUCSON,AZ857161030     		NONE   OPERATIONS 6,000
    ONEGENERATION
    17400 VICTORY BLVD
    VAN NUYS,CA91406     		NONE   OPERATIONS 9,000
    PAINSDALE MINE & SHAFT
    PO BOX 332
    PAINSDALE,MI49955     		NONE   OPERATIONS 5,000
    PETS FOR THE ELDERLY FOUNDATION
    530 E HUNT HWY STE 103 PMB 472
    SAN TAN VALLEY,AZ85143     		NONE   OPERATIONS 25,000
    PLANNED PARENTHOOD ARIZONA
    5651 NORTH 7TH STREET
    PHOENIX,AZ85014     		NONE   OPERATIONS 25,000
    PLANNED PARENTHOOD OF IDAHO
    2001 E MADISON STREET
    SEATTLE,WA98122     		NONE   OPERATIONS 10,000
    POPULATION CONNECTION
    2120 L STREET NW STE 500
    WASHINGTON,DC20037     		NONE   OPERATIONS 25,000
    POPULATION MEDIA CENTER
    30 KIMBALL AVENUE SUITE 302
    SOUTH BURLINGTON,VT05403     		NONE   OPERATIONS 10,000
    PRESERVATION ALLIANCE OF MINNESOTA
    416 LANDMARK CENTER 75 W 5TH STREET
    ST PAUL,MN55102     		NONE   OPERATIONS 8,000
    PRO CHOICE RESOURCES
    528 HENNEPIN AVE SUITE 600
    MINNEAPOLIS,MN55403     		NONE   OPERATIONS 8,000
    PROGRESS CENTER OF MAINE
    35 COTTAGE STREET
    NORWAY,ME04268     		NONE   OPERATIONS 5,000
    RUFF START RESCUE
    PO BOX 129
    PRINCETON,MN553710129     		NONE   OPERATIONS 6,000
    SALVATION ARMY OF NORTHERN NEW ENGLAND
    PO BOX 3647
    PORTLAND,ME04101     		NONE   OPERATIONS 29,000
    SAVE THE SCENIC SANTA RITAS
    8987 E TANQUE VERDE 309-157
    TUCSON,AZ85749     		NONE   OPERATIONS 75,000
    SEARCHNATIVE SEEDS
    3584 E RIVER ROAD
    TUCSON,AZ85718     		NONE   OPERATIONS 19,000
    SIERRA CLUB FOUNDATION
    2327 E FRANKLIN AVE 1
    MINNEAPOLIS,MN55406     		NONE   OPERATIONS 7,000
    SIMPLY CATS ADOPTION CENTER
    2833 S VICTORY VIEW WAY
    BOISE,ID83709     		NONE   OPERATIONS 9,000
    SMALL SUMSAT HOME GROUP
    1222 UNIVERSITY AVENUE WEST
    SAINT PAUL,MN55104     		NONE   OPERATIONS 11,000
    SPAY NEUTER IDAHO PETS INC
    1077 S GARDEN PL
    BOISE,ID837055846     		NONE   OPERATIONS 14,000
    SOCIETY FOR COMPANION ANIMALS
    619 WOOLSEY DR
    DALLAS,TX75224     		NONE   OPERATIONS 4,000
    SONORAN INSTITUTE
    44 E BROADWAY BLVD STE 350
    TUCSON,AZ85701     		NONE   OPERATIONS 5,000
    ST ANDREWS CLINIC
    PO BOX 67
    GREEN VALLEY,AZ85622     		NONE   OPERATIONS 15,000
    STOP PREDATORY GAMBLING
    100 MARYLAND AVE NE ROOM 310
    WASHINGTON,DC20002     		NONE   OPERATIONS 5,000
    STUTTERING FOUNDATION OF AMERICA
    1805 MORIAH WOODS BLVD STE 3
    MEMPHIS,TN38117     		NONE   OPERATIONS 2,000
    TEDFORD HOUSING
    PO BOX 958 14 MIDDLE STREET
    BRUNSWICK,ME04011     		NONE   OPERATIONS 6,000
    THE FOOD TRUST
    1617 JOHN F KENNEDY BLVDONE PENN
    CENTER 900
    PHILADELPHIA,PA19103     		NONE   OPERATIONS 5,000
    TLC HORSE MULE AND DONKEY RESCUE
    PO BOX 6915
    KINGMAN,AZ86402     		NONE   OPERATIONS 8,000
    TREETRUST
    2231 EDGEWOOD AVE SOUTH
    ST LOUIS PARK,MN55426     		NONE   OPERATIONS 5,000
    TRUTHOUT
    PO BOX 276414
    SACREMENTO,CA95827     		NONE   OPERATIONS 5,000
    U OF IDAHO MCCALL OUTDOOR SCIENCE SCHOOL
    PO BOX 1025
    MCCALL,ID83638     		NONE   OPERATIONS 10,000
    UM CVM COLLEGE SCHOLARSHIP FUND
    1365 GORTNER AVE 459
    ST PAUL,MN55108     		NONE   OPERATIONS 10,000
    UNION FOR CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02138     		NONE   OPERATIONS 45,000
    UNITED ANIMAL FRIENDS
    PO BOX 11133
    PRESCOTT,AZ86304     		NONE   OPERATIONS 2,000
    UNIVERSITY OF MT FOUNDATION MONTANA
    32 CAMPUS DRIVE 205 NS BLDG
    MISSOULA,MT59812     		NONE   OPERATIONS 13,000
    VIETNAMESE SOCIAL SERVICES MN
    277 UNIVERSITY AVENUE W
    ST PAUL,MN55103     		NONE   OPERATIONS 3,000
    VISION LOSS RESOURCES
    1936 LYNDALE AVENUE SOUTH
    MINNEAPOLIS,MN55403     		NONE   OPERATIONS 2,000
    WARM BLANKETS
    5105 TOLLVIEW DR 155
    ROLLING MEADOWS,IL60008     		NONE   OPERATIONS 60,000
    WEST AFRICA VILLAGE AND ENVIRONMENTAL PROJECT
    PO BOX 1241
    PRIOR LAKE,MN55372     		NONE   OPERATIONS 18,000
    WESTERN WATERSHED PROJECT
    PO BOX 1770
    HAILEY,ID83333     		NONE   OPERATIONS 5,000
    WHOLE LEARNING SCHOOL
    9400 CEDAR LAKE ROAD
    MINNEAPOLIS,MN55426     		NONE   OPERATIONS 5,000
    WILDERNESS SCIENCE EDUCATION
    PO BOX 3174
    MCCALL,ID83638     		NONE   OPERATIONS 6,000
    WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGOTON,DC20036     		NONE   OPERATIONS 10,000
    WILDEARTH GUARDIANS
    516 ALTO STREET
    SANTA FE,NM87501     		NONE   OPERATIONS 20,000
    WISH GRANTORS
    1365 N ORCHARD 252
    BOISE,ID83706     		NONE   OPERATIONS 4,000
    WOLF RIDGE ENVIRONMENTAL LEARNING CENTER
    6282 CRANBERRY ROAD
    FINLAND,MN556039700     		NONE   OPERATIONS 4,000
    WORLD FOOD PROGRAM
    1725 I STREET SUITE 510
    WASHINGTON,DC20006     		NONE   OPERATIONS 35,000
    WORLD WATCH
    1400 16TH STREET NW SUITE 430
    WASHINGTON,DC20036     		NONE   OPERATIONS 9,000
    NATURE CONSERVANCY MAINE
    14 MAINE ST STE 401
    BRUNSWICK,ME04011     		NONE   CORNER POND ACQUISITION 6,138,775
    NORTHEAST WILDERNESS TRUST
    17 STATE STREET SUITE 302
    MONTPELIER,VT05602     		NONE   ALDER STREAM PROJECT 602,500
    Total .................................bullet 3a 9,241,275
    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....     14 438,970  
    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.....     14 5,340  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 386,030  
    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).. 0 830,340 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13830,340
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 7,800 0   7,800

    TY 2014 AllOthProgRltdInvestmentsSch
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category Amount
    N/A 0

    TY 2014 InvestmentsOtherSchedule2
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CASH/MUTUAL FUNDS AT COST 31,066,082 29,787,671

    TY 2014 LegalFeesSchedule
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 41,447 0   41,447


    TY 2014 OtherExpensesSchedule
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 13,994 0   0
    BANK FEES 175 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PORTFOLIO INCOME -1,403 -1,403 -1,403
    MISCELLANEOUS INCOME 6,743 6,743 6,743


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 266,748 121,965   144,783
    PORTFOLIO DEDUCTIONS 7,663 7,663   0


    TY 2014 TaxesSchedule
    Name:
    STEVEN C LEUTHOLD FAMILY FOUNDATION
    EIN: 41-1680986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAXES 17,000 0   0
    FOREIGN TAXES 18,395 18,395   0