TY 2014 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	30	30
4	Dividends and interest from securities......	188,998	188,998
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		191,567
b	Gross sales price for all assets on line 6a 720,561
7	Capital gain net income (from Part IV, line 2)...		191,567
8	Net short-term capital gain.........			0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	380,595	380,595
	13	Compensation of officers, directors, trustees, etc.	85,663	68,530		17,133
14	Other employee salaries and wages......		0	0	0
15	Pension plans, employee benefits.......		0	0
16a	Legal fees (attach schedule).........		3,000	0	0	3,000
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....					0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...		26,753	6,179		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).......		1,522	809		713
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	118,438	75,518	0	22,346
25	Contributions, gifts, grants paid........	311,000			311,000
26	Total expenses and disbursements. Add lines 24 and 25	429,438	75,518	0	333,346
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-48,843
b	Net investment income (if negative, enter -0-)		305,077
c	Adjusted net income (if negative, enter -0-)...			0

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
	1	Cash—non-interest-bearing...............	2,702	41	41
2	Savings and temporary cash investments..........	245,982	220,840	220,840
3	Accounts receivable
	Less: allowance for doubtful accounts		0	0
4	Pledges receivable
	Less: allowance for doubtful accounts
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)
	Less: allowance for doubtful accounts 0
8	Inventories for sale or use...............
9	Prepaid expenses and deferred charges...........
10a	Investments—U.S. and state government obligations (attach schedule)
b	Investments—corporate stock (attach schedule)........	4,348,484	4,332,161	6,388,424
c	Investments—corporate bonds (attach schedule)........	733,197	733,197	745,764
11	Investments—land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
12	Investments—mortgage loans..............
13	Investments—other (attach schedule)...........	10,809	6,017	9,427
14	Land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
15	Other assets (describe )	8,333	8,121	8,121
16	Total assets (to be completed by all filers—see the
	instructions. Also, see page 1, item I)	5,349,507	5,300,377	7,372,617
	17	Accounts payable and accrued expenses..........
18	Grants payable..................
19	Deferred revenue..................	172	243
20	Loans from officers, directors, trustees, and other disqualified persons
21	Mortgages and other notes payable (attach schedule)......
22	Other liabilities (describe )	1,748	1,390
23	Total liabilities (add lines 17 through 22)..........	1,920	1,633
		Foundations that follow SFAS 117, check here
	and complete lines 24 through 26 and lines 30 and 31.
24	Unrestricted...................
25	Temporarily restricted................
26	Permanently restricted................
	Foundations that do not follow SFAS 117, check here
	and complete lines 27 through 31.
27	Capital stock, trust principal, or current funds.........	5,060,119	5,060,119
28	Paid-in or capital surplus, or land, bldg., and equipment fund
29	Retained earnings, accumulated income, endowment, or other funds	287,468	238,625
30	Total net assets or fund balances (see instructions)......	5,347,587	5,298,744
31	Total liabilities and net assets/fund balances (see instructions)..	5,349,507	5,300,377

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	5,347,587
2	Enter amount from Part I, line 27a.....................	2	-48,843
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	5,298,744
5	Decreases not included in line 2 (itemize)	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	5,298,744

(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	41. CVS CORP COM		2012-07-12	2014-01-03
b	41. BAIDU COM INC A D R		2013-06-12	2014-01-14
c	213. PETROLEO BRASILEIRO S A A D R		2012-10-04	2014-01-14
d	396. KEPPEL CORP LTD SPONS A D R		2008-02-12	2014-01-30
e	76.25 ONE GAS INC W I		2012-05-22	2014-02-07
	241. EATON CORP PLC		2012-11-30	2014-02-07
	56. QUALCOMM INC COM		2012-05-22	2014-02-24
	19. UNION PACIFIC CORPORATION		2012-05-22	2014-02-24
	24. COPA HOLDINGS SA CL A		2012-03-26	2014-03-03
	480. OAO GAZPROM SPON A D R		2013-02-05	2014-03-06
	45. BRITISH AMERN TOB PLC ADR		2008-03-19	2014-03-10
	245. CHINA CONSTRUCT UNSPON A D R		2013-02-15	2014-03-10
	109. NOVO NORDISK AS A D R		2012-05-22	2014-03-13
	.7903 VERIZON COMMUNICATIONS		2014-02-24	2014-03-13
	283. NOKIAN TYRES OYJ UNSPON A D R		2012-06-29	2014-03-17
	86. VERIZON COMMUNICATIONS		2014-02-24	2014-03-25
	305. ONEOK INC		2012-05-22	2014-03-28
	27. UNION PACIFIC CORPORATION		2012-05-22	2014-04-08
	37. FOMENTO ECONOMICO MEX SP A D R		2008-01-03	2014-05-06
	578. SBERBANK SPONSORED A D R		2012-02-07	2014-05-06
	57. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2012-05-04	2014-05-15
	195. B A E SYSTEMS P L C A D R		2011-12-12	2014-05-19
	72. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2011-06-02	2014-05-19
	85. TRANSOCEAN LTD		2012-01-11	2014-05-19
	590. SOUTHERN COPPER CORP DEL		2012-05-22	2014-05-23
	859. BANK OF AMERICA CORP		2006-08-29	2014-06-11
	535. JOHNSON & JOHNSON		1995-02-13	2014-06-11
	281. PFIZER INC		1993-06-27	2014-06-11
	1410. TARGET CORP COM		1995-03-10	2014-06-11
	485. 3M CO		1993-06-27	2014-06-11
	463. DAIWA SECURITIES GR SPON A D R		2013-11-25	2014-06-13
	180. VODAFONE GROUP PLC A D R		2013-03-11	2014-06-13
	196. DEUTSCHE BANK AG RT 6/24/14		2014-06-06	2014-06-13
	.5 WASHINGTON PRIME GROUP		2012-05-01	2014-06-20
	93. WISDOMTREE JAPAN HEDGED		2013-08-09	2014-06-20
	175. WISDOMTREE JAPAN HEDGED		2013-05-10	2014-06-20
	32. ACE LTD		2013-04-04	2014-06-27
	.6 ITAU UNIBANCO HOLDINGS SA A D R		2011-06-02	2014-07-01
	20. BUNGE LIMITED COM		2013-02-15	2014-07-14
	59. BARCLAYS PLC COM		2013-10-04	2014-07-17
	236. BARCLAYS PLC COM		2009-08-21	2014-07-17
	327. VALE SA SP A D R		2013-09-20	2014-07-17
	.8 AIR LIQUIDE S A A D R		2011-06-02	2014-07-24
	582. COCA COLA COMPANY		2012-05-22	2014-07-24
	22. CANADIAN PACIFIC RAILWAY LTD		2012-05-11	2014-08-01
	138. LUKOIL SPON A D R		2011-04-11	2014-08-01
	303. TESCO PLC A D R		2011-11-07	2014-08-07
	112. KINDER MORGAN INC		2012-05-22	2014-08-29
	292. MOTOROLA SOLUTIONS INC		2012-05-22	2014-08-29
	293. VALE SA SP A D R		2013-08-26	2014-09-02
	. TOYOTA MTR CORP ADR 2 COM			2014-09-03
	46. COCHLEAR LTD UNSPON A D R		2011-06-02	2014-09-18
	111. COCHLEAR LTD UNSPON A D R		2011-06-02	2014-09-19
	159. BANK OF NEW YORK MELLON CORP		2013-09-06	2014-09-22
	4. AMERICAN HOMES 4 RENT A		2013-11-19	2014-09-26
	383. ASSOCIATED ESTATES RLTY CORP		2012-07-30	2014-09-26
	3. SILVER BAY REALTY TRUST CORP		2013-11-19	2014-09-26
	48. B A S F A G A D R		2012-09-14	2014-09-29
	25. SHIRE PLC A D R		2011-05-12	2014-09-29
	278. ITAU UNIBANCO HOLDINGS SA A D R		2011-06-02	2014-10-10
	50. B A S F A G A D R		2010-10-15	2014-10-21
	731. NOMURA HOLDINGS INC A D R		2014-06-13	2014-10-27
	2700. IPATH GSCI TOTAL RETURN		2013-10-15	2014-10-28
	2064.41 HIGHLAND LONG SHORT EQUITY Z		2012-05-23	2014-10-28
	196. DEUTSCHE BANK AG		2013-03-11	2014-11-14
	. AMERICAN INTL GROUP INC			2014-11-20
	25. ENN ENERGY HOLDINGS LTD A D R		2014-01-15	2014-11-20
	83. KINDER MORGAN INC		2013-09-27	2014-11-21
	884. SUMITOMO MITSUI FINL GROUP A D R		2013-05-15	2014-11-26
	555. SEADRILL LIMITED		2013-08-26	2014-12-16
	610. CEMIG SA A D R		2014-08-01	2014-12-17
	246. BANK OF NEW YORK MELLON CORP		2013-11-20	2014-12-23
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,895	1,958	937
b	7,075	4,001	3,074
c	2,643	4,822	-2,179
d	6,407	6,231	176
e	2,503	1,629	874
	17,022	12,368	4,654
	4,242	3,251	991
	3,431	2,133	1,298
	3,206	1,873	1,333
	3,247	5,997	-2,750
	4,994	3,414	1,580
	3,207	4,173	-966
	4,958	3,166	1,792
	37	38	-1
	5,539	6,205	-666
	4,026	4,138	-112
	17,704	11,218	6,486
	4,999	3,031	1,968
	3,497	1,401	2,096
	4,953	8,034	-3,081
	4,306	3,537	769
	5,388	3,381	2,007
	2,322	2,581	-259
	3,525	3,463	62
	17,901	16,626	1,275
	13,392	72,966	-59,574
	55,195	7,583	47,612
	8,256	1,624	6,632
	80,030	8,072	71,958
	70,057	12,579	57,478
	3,825	4,721	-896
	5,907	8,718	-2,811
	382		382
	10	9	1
	4,690	4,238	452
	8,826	8,461	365
	3,314	2,838	476
	9	11	-2
	1,481	1,499	-18
	852	708	144
	3,408	4,744	-1,336
	4,104	4,787	-683
	21	18	3
	23,881	21,662	2,219
	4,103	1,618	2,485
	7,674	7,601	73
	3,731	6,148	-2,417
	4,495	3,774	721
	17,311	14,033	3,278
	3,352	3,990	-638
	66		66
	1,388	1,872	-484
	3,292	4,518	-1,226
	6,265	4,863	1,402
	68	66	2
	6,727	6,025	702
	49	46	3
	4,403	4,181	222
	6,509	2,411	4,098
	4,068	5,161	-1,093
	4,415	3,541	874
	4,024	5,095	-1,071
	74,963	89,666	-14,703
	25,186	23,472	1,714
	5,838	7,718	-1,880
	784		784
	3,685	4,428	-743
	3,303	2,979	324
	6,691	8,752	-2,061
	6,094	20,116	-14,022
	2,842	5,089	-2,247
	10,222	7,924	2,298
			71,346

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	191,567
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 . . . . . . . . . . . . . . . .	3

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	264,336	6,578,276	0.040183
2012	306,001	6,078,525	0.050341
2011	347,614	6,082,055	0.057154
2010	315,681	5,849,398	0.053968
2009	178,071	5,382,483	0.033083

2	Total of line 1, column (d) ......................	2	0.234729
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	0.046946
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	6,911,149
5	Multiply line 4 by line 3.......................	5	324,451
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,051
7	Add lines 5 and 6.........................	7	327,502
8	Enter qualifying distributions from Part XII, line 4..............	8	333,346
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.

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,051
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	3,051
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,051
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	24,107
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	24,107
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	21,056
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax3,052	Refunded	11	18,004

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
U S BANK NA	CORPORATE TRUSTEE 8	85,663
101 EAST 5TH STREET ST PAUL,MN55101

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
FRIENDS OF THE MINNESOTA SINFONIA 901 NORTH THIRD STREET 112 MINNEAPOLIS,MN554011022	NONE	N/A	EAST ST PAUL CONCERTS	10,000
THE MINNESOTA ORCHESTRAL ASSOCIATION 1111 NICOLLET MALL MINNEAPOLIS,MN55403	NONE	N/A	3RD YEARLY INSTALLMENT	7,500
THE ROSE ENSEMBLE 75 WEST 5TH STREET SUITE 314 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	10,000
SAINT PAUL CHAMBER ORCHESTRA 408 ST PETER STREET THIRD FLOOR ST PAUL,MN551021497	NONE	N/A	FUND FOR ARTISTIC	30,000
THE SCHUBERT CLUB 75 W FIFTH ST 302 LANDMARK CENTER ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	20,000
SIGHT & HEARING ASSOCIATION 1246 UNIVERSITY AVE WEST SUITE 226 ST PAUL,MN55104	NONE	N/A	VISION SCREENINGS & GLASSES	15,000
GILLETTE CHILDRENS HOSPITAL FDN 200 EAST UNIVERSITY AVE ST PAUL,MN55101	NONE	N/A	3RD YEARLY INSTALLMENT	17,000
ORDWAY CENTER FOR THE PERFORMING ARTS 345 WASHINGTON STREET ST PAUL,MN551021495	NONE	N/A	GENERAL	10,000
REGIONS HOSPITAL FOUNDATION 640 JACKSON STREET ST PAUL,MN551012595	NONE	N/A	CANCER CARE CENTER PROGRAMS	20,000
SAINT PAUL CONSERVATORY OF MUSIC 26 EAST EXCHANGE ST SUITE 500 ST PAUL,MN55101	NONE	N/A	CHAMBER MUSIC PROGRAMS	5,000
MCPHAIL CENTER FOR MUSIC 501 SOUTH SECOND STREET MINNEAPOLIS,MN55401	NONE	N/A	CHAMBER MUSIC PROGRAM	15,000
GREATER TWIN CITIES YOUTH SYMPHONIES 400 ST PETER STREET SUITE 300 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	7,500
CHILDREN'S HOSPITAL ASSOCIATION 347 N SMITH AVE 501 ST PAUL,MN55102	NONE	N/A	MUSIC THERAPY PROGRAM	20,000
FRIENDS OF ARTARIA STRING QUARTET 1693 PORTLAND AVE ST PAUL,MN55104	NONE	N/A	CHAMBER MUSIC PROGRAMS	6,000
UNITED HOSPITAL FOUNDATION 333 NORTH SMITH AVENUE ST PAUL,MN55101	NONE	N/A	GENERAL	20,000
MINNESOTA YOUTH SYMPHONIES 790 CLEVELAND AVE S SUITE 203 ST PAUL,MN55116	NONE	N/A	GENERAL OPERATIONS	6,000
MINNESOTA BOYS CHOIR 75 WEST 5TH STREET SUITE 411 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	7,000
CHILDRENS HEALTH CARE FOUNDATION FBO CHILDRENS HOSP & CLINICS 2910 CENTRE POINTE DRIVE ROSEVILLE,MN55113	NONE	N/A	CANCER KIDS FUND	20,000
CANTUS 1221 NICOLLET AVE SUITE231 MINNEAPOLIS,MN55403	NONE	N/A	GENERAL OPERATIONS	3,000
PRICELESS 4 PURPOSE PO BOX 423 PEQUOT LAKES,MN56472	NONE	N/A	GENERAL OPERATING	2,000
MINNESOTA LANDMARKS INC 75 WEST FIFTH STREET ST PAUL,MN55102	NONE	N/A	GENERAL OPERATING	10,000
OUR LADY OF PEACE HOME 2076 ST ANTHONY BLVD ST PAUL,MN55104	NONE	N/A	GENERAL OPERATING	10,000
PHILLIPS EYE INSTITUTE FOUNDATION 2215 PARK AVENUE MINNEAPOLIS,MN55404	NONE	N/A	GENERAL OPERATING	25,000
VOCALESSENCE 1900 NICOLLET AVENUE MINNEAPOLIS,MN55403	NONE	N/A	GENERAL OPERATING	5,000
WALKER WEST MUSIC ACADEMY 777 SELBY AVENUE ST PAUL,MN55104	NONE	N/A	GENERAL OPERATING	10,000
Total ................................. 3a	311,000

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,500			1,500

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ISHARES TR IBOXX H Y CORP BD	86,846	89,600
NUVEEN HIGH INCOME BD FD	145,000	142,240
NUVEEN STRATEGIC INCOME	100,000	112,550
ISHARES JPMORGAN EMERG MKTS	201,351	200,769
LOOMIS SAYLES STRATEGIC ALPHA	200,000	200,605

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

ANNA M HEILMAIER CHARITABLE FDN 25370370

EIN: 41-1761632

Name of Stock	End of Year Book Value	End of Year Fair Market Value
GENERAL ELEC CO	12,245	39,548
BEST BUY INC COM	32,839	97,450
GENERAL MILLS INC	34,175	101,967
JOHNSON & JOHNSON COM	6,518	49,148
PFIZER INC COM	20,846	28,720
PROCTER & GAMBLE CO COM	5,474	34,159
MEDTRONIC INC	61,234	98,553
EXXON MOBIL CORP COM	16,039	100,123
INTERNATIONAL BUSINESS MACHS	7,275	64,336
3M CO COM	8,559	54,226
WELLS FARGO CO	32,359	143,683
CONOCOPHILLIPS	23,615	74,792
VERIZON COMMUNICATIONS INC	8,568	13,239
AT & T INC	61,710	78,030
ILLINOIS TOOL WKS INC	35,454	76,707
UNITED HEALTH GROUP INC	76,690	151,433
BANK OF AMERICA CORP
QUALCOMM INC	47,183	81,689
T ROWE PRICE INTL GR&INC FD	200,000	184,465
APPLE INC	26,681	37,750
BOSTON PPTYS INC	9,781	11,711
CVS/CAREMARK CORP	18,995	37,272
CATERPILLAR INC	17,489	17,116
CHEVRON CORPORATION	24,978	26,699
J P MORGAN CHASE CO	16,406	29,976
MCCORMICK CO INC	13,171	17,163
MICROSOFT CORP	21,902	33,072
TARGET CORPORATION	5,312	70,444
TRAVELERS COS INC	10,998	57,794
UNION PACIFIC CORP	15,235	29,306
V F CORP	14,489	30,859
ATLAS COPCO AB ADR CL B	3,793	7,183
BOC HONG KONG HLDGS ADR	3,648	5,562
BRITISH AMERN TOB PIC	4,570	8,518
DBS GROUP HLDGS LTD	15,637	20,536
FOMENTO ECONOMICO MEX SP ADR
HONDA MTR LTD ADR	5,591	4,871
KEPPEL CORP LTD SPONS ADR
NATIONAL GRID PLC SP ADR	3,311	4,734
NESTLE S A SPONSORED ADR	26,516	35,016
NOVARTIS A G ADR	4,585	8,339
ROCHE HLDG LTD SPONSORED ADR	16,591	25,900
SANOFI AVENTIS ADR REPSTG 5
SCHLUMBERGER LTD	8,770	9,310
SIEMENS A G ADR	3,073	3,584
TOTAL S A ADR	15,869	10,342
UNILEVER PLC SPSD ADR	3,983	4,979
TECHNOLOGY SELECT SECTOR SPDR	63,510	124,050
AVALONBAY CMNTYS INC	8,752	10,784
BARCLAYS PLC ADR
COVIDIEN PLC	15,308	26,388
LUKOIL SPON ADR
MTN GROUP LTD ADR	8,448	7,567
NISSAN MTR LTD SPONS ADR	6,983	6,918
ORIX CORP SPONS ADR	6,694	9,380
TAIWAN SEMICONDUCTOR ADR	13,651	19,762
VALE SA SP ADR
ISHARES MSCI EMERGING MKTS ETF	152,545	151,659
NEUBERGER BERMAN GENESIS FD	100,000	157,880
NEXTERA ENERGY INC	18,493	56,334
ONEOK INC
ACCENTURE PLC CL A	13,734	20,720
ANHEUSER BUSCH INBEV NV ADR	10,783	17,522
B A S F AG ADR	3,498	3,837
B T GROUP PLC ADR	7,741	17,543
BAYERISCHE MOTOREN WERKE ADR	15,881	20,873
HSBC HOLDINGS PLC SPONS ADR	6,750	6,234
ITAU UNIBANCO HOLDINGS SA ADR	8,472	8,196
LVMH MOET HENNESSY ADR	5,302	5,303
ROYAL DUTCH SHELL PLC ADR	13,504	12,319
VODAFONE GROUP PLC ADR
ALEXANDRIA REAL ESTATE EQUIT	12,576	14,642
ASSOCIATED ESTATES RLTY CORP
BLACKROCK INC	9,031	19,666
BRANDYWINE REALTY TRUST	5,499	9,332
CAMDEN PPTY TR	8,177	9,452
CBL ASSOCIATES PROPERTIES	5,008	6,370
COCA COLA COMPANY
DIGITAL REALTY TRUST	9,493	9,680
DOUGLAS EMMITT INC	7,131	9,883
EASTGROUP PPTYS INC	6,740	9,245
ESSEX PPTY TR	7,389	11,156
FEDERAL RLTY INVT TR	8,460	12,145
HCP INC	6,084	7,221
HEALTH CARE REIT	8,242	12,410
HOSPITALITY PPTYS TR	11,979	14,756
HOST HOTELS RESORTS INC	12,486	16,900
LTC PPTYS INC	4,995	7,123
LEXINGTON REALTY TRUST	5,989	8,433
MONMOUTH REAL ESTATE INV CORP	2,348	3,244
NATIONAL RETAIL PROPERTIES	6,188	9,370
PUBLIC STORAGE INC	16,404	23,661
REALTY INCOME CORP	7,690	10,448
SENIOR HOUSING PROP TR	5,724	6,058
SIMON PROPERTY GROUP	18,682	29,866
TANGER FACTORY OUTLET CTRS	7,701	9,979
TIME WARNER CABLE	13,652	27,067
VENTAS INC	7,186	9,178
WEINGARTEN RLTY INVTS	6,662	8,940
ACE LTD	16,745	21,368
AIR LIQUIDE SA ADR	12,265	13,484
ALLIANZ SE ADR	19,341	22,900
ARM HLDGS PLC ADR	5,823	9,584
ATLAS COPCO AB SPONS ADR	6,940	7,413
B A E SYSTEMS PLC ADR
B G GROUP PLC ADR	13,355	9,138
BROOKFIELD ASSET MANAGE CL A	4,071	6,216
BUNGE LIMITED	7,139	8,727
CANADIAN NATL RY CO	6,178	11,163
COCHLEAR LTD UNSPON ADR
CSL LIMITED ADR	4,755	9,297
DASSAULT SYSTEMES SA ADR	10,641	15,372
FANUC CORPORATION ADR	12,665	13,407
FRESENIUS MED CARE SPONS ADR	6,524	6,759
HITACHI LTD ADR 10 COM	8,363	9,916
ICICI BANK LIMITED ADR	10,096	12,416
IMPERIAL OIL LTD	9,857	9,079
JGC CORP UNSPONS ADR	9,692	6,644
LONZA GROUP AG UNSPONS ADR	4,430	6,177
LOREAL CO UNSPONS ADR	8,397	11,199
OAO GAZPROM SPON ADR
SAP AG ADR
SASOL LTD SPONS ADR	4,122	2,962
SBERBANK SPONS ADR
SCHNEIDER ELECT SA UNSP ADR	10,641	9,395
SHIRE PLC ADR - LOEVNER	4,194	4,888
SONOVA HOLDING UNSPON ADR	3,607	5,901
SWATCH GROUP AG ADR	5,100	4,514
TESCO PLC ADR
TURKIYE GARANTI BANKASI AS ADR	8,274	7,110
UNICHARM CORPORATION ADR	7,143	12,578
WPP PLC SPONSORED ADR	8,413	14,574
ABERDEEN FDS EMRGN MKT	250,000	230,600
HIGHLAND LONG SHORT EQUITY Z	276,528	296,138
NUVEEN MID CAP INDEX FD	180,000	322,925
SPDR DJ WILSHIRE INTERNATIONAL	230,782	243,392
TFS MARKET NEUTRAL FD	300,000	294,788
AMERIT INC	6,833	10,696
APARTMENT INVT MGMT CO CL A	6,788	9,510
CULLEN FROST BANKERS INC	15,016	18,649
EPR PROPERTIES	9,891	12,621
FIDELITY NATL INFORMATION SVCS	15,735	26,933
FRACT CUSIP KINDER MORGAN MGMT
ITC HLDGS CORP	11,139	19,043
KINDER MORGAN INC	17,235	21,705
LOWES CO INC	11,830	25,662
MOTOROLA SOLUTIONS INC
PHILIP MORRIS INTL	24,314	23,050
PHILLIPS 66	20,214	22,872
SOUTHERN COPPER CORP
AIA GROUP LTD ADR	10,947	16,037
CANADIAN PACIFIC RAILWAY LTD	1,913	5,010
DEUTSCHE BANK AG
EATON CORP PLC
COPA HOLDINGS SA CL A	7,459	6,322
NOKIAN TYRES OYJ UNSPON ADR
NOVO NORDISK AS ADR	27,968	37,749
PETROLEO BRASILEIRO SA ADR
SANDS CHINA LTD UNSPON-EAGLE	4,835	3,940
SEADRILL LIMITED SDRL
SEVEN & I HLDGS UNSPN ADR	8,138	8,654
SUNCOR ENERGY INC SU	8,406	7,564
SVENSKA HANDELSBANKEN A ADR	3,381	4,797
SWEDBANK A B ADR	3,750	5,156
SYSMEX CORP UNSPON ADR	5,860	12,874
TRANSOCEAN LTD
XINYI GLASS HOLDINGS ADR	1,630	1,424
VALEOSA SPON ADR	7,757	18,517
SCOUT INTERNATIONAL FUND	181,000	182,091
ABBVIE INC	15,466	30,102
ALTISOURCE RESIDENTIAL CI B WI	1,607	1,164
AMERICAN HOMES 4 RENT	1,539	1,567
BANK OF NEW YORK MELLON CORP	7,769	10,305
EQUITY LIFESTYLE PPTYS INC	4,641	6,598
EQUITY ONE INC	3,382	3,703
GEO GROUP INC	4,978	5,933
HONEYWELL INTERNATIONAL INC	21,578	425,979
MACYS INC	17,549	22,684
PACKAGING CORP AMERICA	14,741	21,152
SILVER BAY REALTY TRUST CORP	1,418	1,524
TUPPERWARE BRANDS CORP	13,841	10,584
VORNADO REALTY TRUST	4,850	6,356
WEYERHAEUSER CO	9,237	11,126
WHIRLPOOL CORP	16,844	26,930
AXA ADR	4,370	4,280
B N P PARIBAS SA ADR	4,113	4,054
BAIDU COM INC ADR	2,291	5,699
BANCO BILBAO VIZCAYA ARGEN ADR	6,741	6,432
CHINA CONSTRUCT UNSPON ADR
DAIWA SECURITIES GR SPON ADR	7,154	7,500
GRAN TIERRA ENERGY INC	4,763	2,472
HONG KONG EXCHANGES ADR	4,993	6,847
ING GROEP NV SPONS ADR	14,723	14,228
LAFARGE SA ADR	4,256	4,761
MAGNA INTL INC CL A	12,078	17,934
MITSUBISHI ESTATE LTD ADR	6,912	4,893
MONOTARO CO LTD UNSP ADR	2,209	1,906
RIO TINTO PLC ADR	6,004	5,343
SEKISUI HOUSE LTD ADR	4,741	4,455
SUMITOMO MITSUI FINL GR ADR
TECHTRONIC INDUSTRIES SP ADR	7,598	11,365
IPATH GSCI TOTAL RETURN	109,923	65,844
WISDOMTREE EUR S/C DIVIDEND FD	9,452	9,162
WISDOMTREE JAPAN HEDGED
BOEING	25,192	24,046
COCOLGATE PALMOLIVE CO	25,400	26,361
DISCOVER FINL SVCS	18,742	20,760
EMC CORPORATION	17,604	21,324
GENERAL MOTORS CO	20,142	21,819
MARSH MCLENNAN COS INC	24,063	26,559
AEGON N V NY REG SHR	10,052	8,640
FUCHS PETROLUB SE PREF ADR	6,129	5,160
HOME RETAIL GROUP PLC ADR	4,891	4,604
HUANENG PWR INTL INC	9,814	11,592
INTESA SANPAOLO ADR	4,938	4,157
LINDE AG ADR	4,944	4,761
NIELSEN NV	18,150	18,116
NXP SEMICONDUCTORS NV	7,261	8,251
PANASONIC CORP ADR	9,770	9,369
SYMRISE AG UNSPON ADR	4,931	5,445
SPDR SP EMERGING SMALL CAP	10,196	9,090
GRAMERCY PROPERTY TRUST INC	7,654	8,887
WASHINGTON PRIME GROUP	1,353	1,584
VANGUARD GLOBAL EX US REAL EST	100,955	97,942
SANOFI ADR	11,018	12,087
SAP SE SPONSORED ADR - EAGLE	3,398	3,900
SAP SE SPONSORED ADR - LOEVNER	11,253	12,467
PHILLIPS 66 - CHARITABLE FDN	7,011	38,790
SANDS CHINE LTD UNSPONS-LOEVNE	8,960	5,515
SHIRE PLC ADR - EAGLE	10,376	18,066
ORANGE SPON ADR	9,797	11,167
IBERDROLA S SPONS ADR	4,564	4,385

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...................				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

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					342,506
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				29,476
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.......	0
e From 2013.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 333,346
a Applied to 2013, but not more than line 2a					29,476
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.....					303,870
e Remaining amount distributed out of corpus		0
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		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 ..........					38,636
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

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	(e) Total

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

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	(e) Related or exempt function income (See instructions.)
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 ............			14	30
4 Dividends and interest from securities....			14	188,998
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	191,567
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)..				380,595

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	2,702	41	41
	2	Savings and temporary cash investments..........	245,982	220,840	220,840
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	4,348,484	4,332,161	6,388,424
	c	Investments—corporate bonds (attach schedule)........	733,197	733,197	745,764
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	10,809	6,017	9,427
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	8,333	8,121	8,121
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,349,507	5,300,377	7,372,617
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................	172	243
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	1,748	1,390
	23	Total liabilities (add lines 17 through 22)..........	1,920	1,633
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	5,060,119	5,060,119
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	287,468	238,625
	30	Total net assets or fund balances (see instructions)......	5,347,587	5,298,744
	31	Total liabilities and net assets/fund balances (see instructions)..	5,349,507	5,300,377

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			937
b			3,074
c			-2,179
d			176
e			874
			4,654
			991
			1,298
			1,333
			-2,750
			1,580
			-966
			1,792
			-1
			-666
			-112
			6,486
			1,968
			2,096
			-3,081
			769
			2,007
			-259
			62
			1,275
			-59,574
			47,612
			6,632
			71,958
			57,478
			-896
			-2,811
			382
			1
			452
			365
			476
			-2
			-18
			144
			-1,336
			-683
			3
			2,219
			2,485
			73
			-2,417
			721
			3,278
			-638
			66
			-484
			-1,226
			1,402
			2
			702
			3
			222
			4,098
			-1,093
			874
			-1,071
			-14,703
			1,714
			-1,880
			784
			-743
			324
			-2,061
			-14,022
			-2,247
			2,298

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	264,336	6,578,276	0.040183
2012	306,001	6,078,525	0.050341
2011	347,614	6,082,055	0.057154
2010	315,681	5,849,398	0.053968
2009	178,071	5,382,483	0.033083

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
U S BANK NA	CORPORATE TRUSTEE 8	85,663
101 EAST 5TH STREET ST PAUL,MN55101	CORPORATE TRUSTEE 8	85,663

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
FRIENDS OF THE MINNESOTA SINFONIA 901 NORTH THIRD STREET 112 MINNEAPOLIS,MN554011022	NONE	N/A	EAST ST PAUL CONCERTS	10,000
THE MINNESOTA ORCHESTRAL ASSOCIATION 1111 NICOLLET MALL MINNEAPOLIS,MN55403	NONE	N/A	3RD YEARLY INSTALLMENT	7,500
THE ROSE ENSEMBLE 75 WEST 5TH STREET SUITE 314 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	10,000
SAINT PAUL CHAMBER ORCHESTRA 408 ST PETER STREET THIRD FLOOR ST PAUL,MN551021497	NONE	N/A	FUND FOR ARTISTIC	30,000
THE SCHUBERT CLUB 75 W FIFTH ST 302 LANDMARK CENTER ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	20,000
SIGHT & HEARING ASSOCIATION 1246 UNIVERSITY AVE WEST SUITE 226 ST PAUL,MN55104	NONE	N/A	VISION SCREENINGS & GLASSES	15,000
GILLETTE CHILDRENS HOSPITAL FDN 200 EAST UNIVERSITY AVE ST PAUL,MN55101	NONE	N/A	3RD YEARLY INSTALLMENT	17,000
ORDWAY CENTER FOR THE PERFORMING ARTS 345 WASHINGTON STREET ST PAUL,MN551021495	NONE	N/A	GENERAL	10,000
REGIONS HOSPITAL FOUNDATION 640 JACKSON STREET ST PAUL,MN551012595	NONE	N/A	CANCER CARE CENTER PROGRAMS	20,000
SAINT PAUL CONSERVATORY OF MUSIC 26 EAST EXCHANGE ST SUITE 500 ST PAUL,MN55101	NONE	N/A	CHAMBER MUSIC PROGRAMS	5,000
MCPHAIL CENTER FOR MUSIC 501 SOUTH SECOND STREET MINNEAPOLIS,MN55401	NONE	N/A	CHAMBER MUSIC PROGRAM	15,000
GREATER TWIN CITIES YOUTH SYMPHONIES 400 ST PETER STREET SUITE 300 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	7,500
CHILDREN'S HOSPITAL ASSOCIATION 347 N SMITH AVE 501 ST PAUL,MN55102	NONE	N/A	MUSIC THERAPY PROGRAM	20,000
FRIENDS OF ARTARIA STRING QUARTET 1693 PORTLAND AVE ST PAUL,MN55104	NONE	N/A	CHAMBER MUSIC PROGRAMS	6,000
UNITED HOSPITAL FOUNDATION 333 NORTH SMITH AVENUE ST PAUL,MN55101	NONE	N/A	GENERAL	20,000
MINNESOTA YOUTH SYMPHONIES 790 CLEVELAND AVE S SUITE 203 ST PAUL,MN55116	NONE	N/A	GENERAL OPERATIONS	6,000
MINNESOTA BOYS CHOIR 75 WEST 5TH STREET SUITE 411 ST PAUL,MN55102	NONE	N/A	GENERAL OPERATIONS	7,000
CHILDRENS HEALTH CARE FOUNDATION FBO CHILDRENS HOSP & CLINICS 2910 CENTRE POINTE DRIVE ROSEVILLE,MN55113	NONE	N/A	CANCER KIDS FUND	20,000
CANTUS 1221 NICOLLET AVE SUITE231 MINNEAPOLIS,MN55403	NONE	N/A	GENERAL OPERATIONS	3,000
PRICELESS 4 PURPOSE PO BOX 423 PEQUOT LAKES,MN56472	NONE	N/A	GENERAL OPERATING	2,000
MINNESOTA LANDMARKS INC 75 WEST FIFTH STREET ST PAUL,MN55102	NONE	N/A	GENERAL OPERATING	10,000
OUR LADY OF PEACE HOME 2076 ST ANTHONY BLVD ST PAUL,MN55104	NONE	N/A	GENERAL OPERATING	10,000
PHILLIPS EYE INSTITUTE FOUNDATION 2215 PARK AVENUE MINNEAPOLIS,MN55404	NONE	N/A	GENERAL OPERATING	25,000
VOCALESSENCE 1900 NICOLLET AVENUE MINNEAPOLIS,MN55403	NONE	N/A	GENERAL OPERATING	5,000
WALKER WEST MUSIC ACADEMY 777 SELBY AVENUE ST PAUL,MN55104	NONE	N/A	GENERAL OPERATING	10,000
Total ................................. 3a				311,000

bApproved for future payment

Total ................................. 3b

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Category	Amount	Net Investment Income
FOREIGN TAXES	3,445	3,445
FEDERAL TAX	20,574	0
FOREIGN TAXES ON QUALIFIED FOR	2,011	2,011
FOREIGN TAXES ON NONQUALIFIED	723	723

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

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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