TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)C/O AD 90 S 7TH STREET NO 5100 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402

A Employer identification number

41-1637573

B Telephone number (see instructions)

(612) 343-6561

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,721,363J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	293,031
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	56,887		56,887
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		71,964
b	Gross sales price for all assets on line 6a 881,665
7	Capital gain net income (from Part IV, line 2)...			71,964
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).......
12	Total. Add lines 1 through 11........	421,882		128,851
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,000	1,000	1,000
c	Other professional fees (attach schedule)....		25,500	25,500	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,096	1,096	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		148	123	25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,744		27,719	1,025
25	Contributions, gifts, grants paid........	129,100			129,100
26	Total expenses and disbursements. Add lines 24 and 25	157,844		27,719	130,125
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	264,038
b	Net investment income (if negative, enter -0-)			101,132
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	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	Savings and temporary cash investments..........	289,861	309,878	309,945
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	200,000	150,000	148,388
	b	Investments—corporate stock (attach schedule)........	1,172,629	1,137,567	1,646,497
	c	Investments—corporate bonds (attach schedule)........	266,916	215,053	209,956
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	0	387,246	406,577
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,929,406	2,199,744	2,721,363
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		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.........	1,535,161	1,535,161
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	394,245	664,583
	30	Total net assets or fund balances (see instructions)......	1,929,406	2,199,744
	31	Total liabilities and net assets/fund balances (see instructions)..	1,929,406	2,199,744

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	1,929,406
2	Enter amount from Part I, line 27a.....................	2	264,038
3	Other increases not included in line 2 (itemize)	3	6,300
4	Add lines 1, 2, and 3..........................	4	2,199,744
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	2,199,744

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
1 a	PUBLICLY TRADED SECURITIES
b	CLASS ACTION SETTLEMENT
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	870,954	809,701	61,253
b	183		183
c	10,528		10,528
d
e

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			61,253
b			183
c			10,528
d
e

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	71,964
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

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? Yes No

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	100,302	2,175,889	0.046097
2012	93,930	1,896,931	0.049517
2011	99,104	1,842,785	0.053779
2010	92,847	1,682,606	0.055180
2009	74,866	1,480,148	0.050580

2	Total of line 1, column (d) ......................	2	0.255153
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	0.051031
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	2,535,171
5	Multiply line 4 by line 3.......................	5	129,372
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,011
7	Add lines 5 and 6.........................	7	130,383
8	Enter qualifying distributions from Part XII, line 4..............	8	130,125
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)

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	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	2,023
	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	2,023
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	2,023
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	1,190
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,190
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	6
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	839
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

ABBOTT DOWNING Telephone no. bullet

(612) 667-1750

Located at bullet

90 SOUTH SEVENTH STREET SUITE 5300MINNEAPOLISMN ZIP+4 bullet

55402

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
PATRICIA G HETLAND	OFFICER 1.00	0	0	0
RT 2 BOX 24 HOUSTON,MN55943	OFFICER 1.00	0	0	0
HARVEY A HELTAND	OFFICER 1.00	0	0	0
RT 2 BOX 24 HOUSTON,MN55943	OFFICER 1.00	0	0	0
PATRICE R NELSON	OFFICER 1.00	0	0	0
3524 EDMUND BLVD MINNEAPOLIS,MN55406	OFFICER 1.00	0	0	0

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

Total number of others receiving over $50,000 for professional services............. bullet

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)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,438,097

Average of monthly cash balances.......................

135,681

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,573,778

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,573,778

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

38,607

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,535,171

Minimum investment return. Enter 5% of line 5..................

126,759

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

126,759

Tax on investment income for 2014 from Part VI, line 5......

2,023

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,023

Distributable amount before adjustments. Subtract line 2c from line 1............

124,736

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

124,736

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

124,736

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

130,125

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

130,125

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

130,125

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)

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					124,736
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	1,511
b From 2010.......	9,995
c From 2011.......	7,810
d From 2012.......	1,909
e From 2013.......
fTotal of lines 3a through e.........		21,225
4Qualifying distributions for 2014 from Part
XII, line 4: $ 130,125
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.....					124,736
e Remaining amount distributed out of corpus		5,389
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		26,614
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) ...		1,511
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		25,103
10 Analysis of line 9:
a Excess from 2010....	9,995
b Excess from 2011....	7,810
c Excess from 2012....	1,909
d Excess from 2013....
e Excess from 2014....	5,389

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 section4942(j)(3) or4942(j)(5)

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

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2014)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN RED CROSS OF MN 1201 WEST RIVER PARKWAY MINNEAPOLIS,MN554542020	NONE	EXEMPT	PROGRAM SUPPORT	5,000
BETHANY EVANGELICAL FREE CHURCH 3936 COUNTY ROAD B LA CROSSE,WI54601	NONE	EXEMPT	RELIGIOUS	2,500
BILLY GRAHAM EVANGELISTIC ASSOC 1300 HARMON PLACE MINNEAPOLIS,MN554031988	NONE	EXEMPT	RELIGIOUS	10,000
BUILDING HOMES FOR HEROES 65 ROOSEVELT AVE STE 105 VALLEY STREAM,NY11581	NONE	EXEMPT	PROGRAM SUPPORT	5,000
CAMP WINNEBAGO 19 ECHO LAKE ROAD FAYETTE,ME04349	NONE	EXEMPT	PROGRAM SUPPORT	3,000
CHRIST THE KING ANGLICAN CHURCH 2725 SACRAMENTO ST SAN FRANCISCO,CA94115	NONE	EXEMPT	PROGRAM SUPPORT	3,000
FIRST BAPTIST CHURCH ATLANTA 4400 N PEACHTREE RD ATLANTA,GA30338	NONE	EXEMPT	RELIGIOUS	10,000
FISHER HOUSE FOUNDATION 111 ROCKVILLE PIKE STE 420 ROCKVILLE,MD20850	NONE	EXEMPT	PROGRAM SUPPORT	8,000
HOUSTON BAPTIST CHURCH 202 S SHERMAN ST HOUSTON,MN55943	NONE	EXEMPT	RELIGIOUS	2,500
HOUSTON COMMUNITY AMBULANCE 105 WEST MAPLE HOUSTON,MN55943	NONE	EXEMPT	PROGRAM SUPPORT	5,000
HOUSTON COUNTY HISTORICAL SOCIETY 104 HISTORY LANE CALEDONIA,MN55921	NONE	EXEMPT	PROGRAM SUPPORT	1,000
HOUSTON COUNTY SHERIFF 306 S MARSHALL STREET CALEDONIA,MN55921	NONE	EXEMPT	PROGRAM SUPPORT	2,000
HOUSTON FIRE DEPARTMENT 105 W MAPLE ST HOUSTON,MN55943	NONE	EXEMPT	PROGRAM SUPPORT	6,000
INJURED MARINE SEMPER FI FUND 715 BROADWAY STREET QUANTICO,VA22134	NONE	EXEMPT	PROGRAM SUPPORT	8,000
LA CRESCENT ANIMAL RESCUE 523 S CHESTNUT ST LA CRESCENT,MN55947	NONE	EXEMPT	PROGRAM SUPPORT	1,500
MAHS MITCHELL AREA HISTORICAL SOCIETY 119 WEST THIRD AVE PO BOX 263 MITCHELL,SD57301	NONE	EXEMPT	PROGRAM SUPPORT	1,500
MAKE A WISH FOUNDATION 615 1ST AVE NE 415 MINNEAPOLIS,MN55413	NONE	EXEMPT	PROGRAM SUPPORT	2,000
MAYO CLINIC ROCHESTER 200 FIRST ST SW ROCHESTER,MN55905	NONE	EXEMPT	PROGRAM SUPPORT	15,000
MINNEHAHA ACADEMY 3100 W RIVER PKWY MINNEAPOLIS,MN55406	NONE	EXEMPT	PROGRAM SUPPORT	2,500
MONEY CREEK UNITED METHODIST CHURCH 18008 SUMMER DR HOUSTON,MN55943	NONE	EXEMPT	PROGRAM SUPPORT	2,500
SALVATION ARMYROCHESTER BRANCH 20 NE FIRST AVE ROCHESTER,MN55903	NONE	EXEMPT	PROGRAM SUPPORT	10,000
ST JOSEPH'S INDIAN SCHOOL 1301 N MAIN ST CHAMBERLAIN,SD57325	NONE	EXEMPT	PROGRAM SUPPORT	3,000
UNIVERSITY OF WI MADISON 2015 LINDEN DRIVE MADISON,WI537061102	NONE	EXEMPT	PROGRAM SUPPORT	2,500
WHITE LAKE VOLUNTEER FIRE DEPARTMENT 508 EAST FIRST STREET WHITE LAKE,SD57383	NONE	EXEMPT	PROGRAM SUPPORT	2,500
WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE,FL32256	NONE	EXEMPT	PROGRAM SUPPORT	8,000
4K FOR CANCER 921 E FORT AVE SUITE 325 BALTIMORE,MD21230	NONE	EXEMPT	PROGRAM SUPPORT	500
CONSERVATION MINNESOTA 1101 W RIVER PKWY MINNEAPOLIS,MN55415	NONE	EXEMPT	PROGRAM SUPPORT	500
INDEPENDENCE FUND INC 6538 COLLINS AVE 187 MIAMI BEACH,FL33141	NONE	EXEMPT	PROGRAM SUPPORT	3,500
MINNESOTA CONSERVATION VOLUNTEER 500 LAFAYETTE RD ST PAUL,MN55101	NONE	EXEMPT	PROGRAM SUPPORT	100
PARALYZED VETERANS OF AMERICA 801 EIGHTEENTH STREET NW WASHINGTON,DC20006	NONE	EXEMPT	PROGRAM SUPPORT	2,500
Total ................................. 3a				129,100

bApproved for future payment

Total ................................. 3b				0

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	(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 ............
4 Dividends and interest from securities....			14	56,887
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	71,964
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		128,851	0

13Total. Add line 12, columns (b), (d), and (e)..................

13128,851

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

Employer identification number

41-1637573

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	PAT AND HARVEY HETLAND 2729 STINKDYR HOLLOW ROAD HOUSTON, MN55943	$293,031	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

Employer identification number

41-1637573

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2014 AccountingFeesSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREP FEES	2,000	1,000		1,000

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Name of Bond	End of Year Book Value	End of Year Fair Market Value
INTEL CORP 1.350% 12/15/17	50,235	49,927
ISHARES 1-3 YEAR TREASURY BOND	6,837	6,841
PIMCO EMERGING LOCAL BOND IS #332	50,000	49,140
TEMPLETON GLOBAL BOND FD-ADV #616	53,075	50,274
VANGUARD SHORT TERM-INVEST GRD #539	29,906	29,483
EATON VANCE FLOATING RATE FD CL I #924	25,000	24,291

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD - ADR	11,303	16,772
ABBOTT LABS	10,325	16,342
ABERDEEN EMERG MARKETS-INST #5840	152,426	149,346
ACCENTURE PLC	3,813	14,290
AFLAC INC	20,840	30,056
AIR METHODS CORP COM	7,855	8,322
ALLISON TRANSMISSION HOLDINGS	6,369	10,645
AMERICAN EXPRESS CO	5,687	13,398
AMEX ENERGY SELECT SPDR	0	0
AMEX MATERIALS SPDR	0	0
AMPHENOL CORP CL A	8,434	19,694
APACHE CORP	5,856	6,706
APPLE INC	5,353	18,544
BAXTER INTL INC	8,804	12,020
BERKSHIRE HATHAWAY INC.	10,812	19,970
BHP BILLITON LIMITED - ADR	5,339	15,852
BLACKROCK INC	6,078	14,302
CAPITAL ONE FINANCIAL CORP	10,698	15,684
CHEVRON CORP	10,171	15,929
COACH INC	0	0
COLGATE PALMOLIVE CO	5,957	15,706
CSX CORP	5,234	11,630
DANONE ADR	8,435	7,290
DENTSPLY INTL INC COM	5,659	9,003
DIAGEO PLC - ADR	27,534	43,696
EBIX, INC.	0	0
FMC TECHNOLOGIES INC	3,761	9,509
GENTEX CORP	8,349	16,114
GENTHERM INC	3,822	7,690
GEOSPACE TECHNOLOGIES CORP	10,523	5,432
GILEAD SCIENCES INC	10,100	19,606
GLOBAL PMTS INC W/I	5,245	10,253
GNC HOLDINGS INC	9,568	11,271
GOLDMAN SACHS GROUP INC	7,414	14,731
GRACO INC	3,852	9,381
HSBC - ADR	23,512	23,662
ILLINOIS TOOL WORKS INC	6,138	13,826
INTERCONTINENTALEXCHANGE GROUPINC	0	0
IRIDIUM COMMUNICATIONS INC	8,338	11,875
ISHARES MSCI ALL COUNTRY ASIA	25,477	26,931
ISHARES MSCI EAFE ETF	0	0
ISHARES SELECT DIVIDEND ETF	7,283	7,384
JOHNSON & JOHNSON	8,313	21,960
JP MORGAN ALERIAN MLP INDEX	0	0
JPMORGAN CHASE & CO	9,871	15,707
KOMATSU JPY 50.0	17,784	21,379
MARKEL HOLDINGS	0	0
MASTEC INC COM	9,545	8,976
MATTEL INC	13,988	11,171
MCDONALDS CORP	6,117	10,401
MCKESSON CORP	6,684	15,568
MEDNAX INC	5,284	14,676
MICROSOFT CORP	14,102	21,599
NESTLE S.A. REGISTERED SHARES - ADR	15,096	48,949
NEUSTAR INC	9,125	10,898
NIKE INC CL B	2,830	12,692
NORDSTROM INC	7,045	15,005
OIL STATES INTERNATIONAL INC	4,230	4,939
ORBITAL SCIENCES CORP	4,565	9,707
PAYCHEX INC	5,982	9,280
PEPSICO INC	7,627	12,009
PNC FINANCIAL SERVICES GROUP	12,751	18,155
PRECISION CASTPARTS CORP	7,881	12,285
QUALCOMM INC	8,487	14,940
RECKITT BENCKISER PLC GBP	13,463	42,813
SAP AG - ADR	18,249	30,019
SCHLUMBERGER LTD	9,205	10,164
SELECT COMFORT CORPORATION	5,738	8,001
SPECTRUM BRANDS HOLDINGS INC	4,681	11,003
STARWOOD HOTELS & RESORTS WORLDWIDE	6,209	11,106
STEEL DYNAMICS INC COM	6,439	9,850
SYNTEL INC	6,749	10,255
TAIWAN SEMICONDUCTOR MANUFACTU - ADR	15,152	40,530
TCF FINANCIAL	7,980	9,995
TELEFONICA SA - ADR	14,689	13,841
THERMO FISHER SCIENTIFIC INC	4,566	14,158
TUPPERWARE BRANDS CORPORATION	5,861	5,733
UNILEVER PLC - ADR	13,002	13,075
UNITED PARCEL SERVICE-CL B	10,678	15,675
UNITED TECHNOLOGIES CORP	3,411	15,525
V F CORP	10,793	17,377
VANGUARD FTSE EMERGING MARKETS ETF	6,441	12,406
VCA ANTECH INC	5,210	12,241
VODAFONE GROUP PLC NEW ADR	3,262	3,178
WAL MART STORES INC	9,260	14,342
WASATCH EMERGING MKT S/C FD	35,000	35,134
WEX INC	1,531	8,804
WISDOMTREE JAPAN HEDGED	39,485	49,575
ZEBRA TECHNOLOGIES CORP CL A	3,120	11,612
3M CO	10,567	26,456
INDIVIOR PLC ORD NPV	1	1,228
JAPAN AIRLINES CO LTD NPV	8,447	8,227
STATOIL ASA	15,670	15,180
SPDR S&P 500 ETF TRUST	30,921	32,270
WISDOMTREE EUROPE HEDGED EQUITY FUND	25,037	23,917
MORGAN STANLEY INSTITUTIONAL FUND INC - FRONTIER EMERGING MKTS CL 1	35,000	34,319
CNO FINANCIAL GROUP INC	10,166	9,660
PRA GROUP INC	10,342	10,080
ST. JUDE MED INC.	11,941	11,835
ON ASSIGNMENT INC COM	8,632	10,787
ROCKWELL AUTOMATION INC	9,442	8,896
CSG SYS INTL INC COM	9,506	7,972
GOOGLE INC CLASS C	14,895	13,686
MASTERCARD INC	11,068	12,235
MAXLINEAR INC	5,832	4,098
VERIZON COMMUNICATIONS	6,255	6,081

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

US Government Securities - End of Year Book Value:

150,000

US Government Securities - End of Year Fair Market Value:

148,388

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ARBITRAGE FUND CLASS I #1000	AT COST	56,250	57,063
DRIEHAUS ACTIVE INCOME FUND	AT COST	57,250	55,238
ROBECO BOSTON PARTNERS LONG/SHORT RESEARCH FUND CL INS	AT COST	75,000	78,814
E-TRACS ALERIAN MLP INFRASTRUCTURE ETN 4/2/40	AT COST	50,629	51,440
JP MORGAN ALERIAN MLP INDEX EXCH TRADED NOTE	AT COST	49,460	56,748
SPDR DJ WILSHIRE INTERNATIONAL REAL ESTATE ETF	AT COST	49,434	49,552
SPDR DOW JONES REIT ETF	AT COST	49,223	57,722

- TIN:

TY 2014 OtherExpensesSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MN ATTORNEY GENERAL	25	0		25
ANNUAL ACCOUNT FEE	123	123		0

- TIN:

TY 2014 OtherIncreasesSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Description	Amount

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TRUSTEE FEES	25,500	25,500		0

- TIN:

TY 2014 TaxesSchedule

Name:

HETLAND FAMILY FOUNDATION HARVEY HETLAND TRUSTEE

EIN: 41-1637573

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	1,096	1,096		0