Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
DALE KRUEGER SCHOLARSHIP FUND 97350810
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

93-6331222
B Telephone number (see instructions)

(503) 464-3580
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,762,110J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 222,009 222,009  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 594,819
b Gross sales price for all assets on line 6a 3,617,252
7 Capital gain net income (from Part IV, line 2)... 594,819
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........ 816,828 816,828  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 133,777 120,399   13,378
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,257 5,301   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 2,653     2,653
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 159,187 125,700 0 17,531
25 Contributions, gifts, grants paid........ 423,726 423,726
26 Total expenses and disbursements. Add lines 24 and 25 582,913 125,700 0 441,257
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 233,915
b Net investment income (if negative, enter -0-) 691,128
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 123,140 330,360 330,360
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   6,325 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,360,691 Click to see attachment5,321,604 6,157,471
c Investments—corporate bonds (attach schedule)........ 3,348,184 Click to see attachment3,420,305 3,274,279
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,838,340 9,072,269 9,762,110
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 8,838,340 9,072,269
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 8,838,340 9,072,269
31 Total liabilities and net assets/fund balances (see instructions).. 8,838,340 9,072,269
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 8,838,340
2 Enter amount from Part I, line 27a..................... 2 233,915
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 14
4 Add lines 1, 2, and 3.......................... 4 9,072,269
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,072,269
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 3594.296 AMER CENT DIVERSIFI BOND INS   2012-04-26 2014-08-14
b 2727.732 DRIEHAUS ACTIVE INCOME FUND   2012-07-11 2014-08-14
c 1384.738 NUVEEN HIGH INCOME BOND FD CL I   2012-07-05 2014-08-14
d 4331.354 P I M C O FDS TOTAL RETURN FD   2012-07-05 2014-08-14
e 16309.536 NUVEEN INFLATION PRO SEC CL I   2012-04-26 2014-08-26
179. MICROS SYS INC   2012-07-05 2014-09-08
.6 ASTRONICS CORP CL B   2013-02-20 2014-09-29
66124.088 P I M C O FDS TOTAL RETURN FD   2013-07-02 2014-09-30
454. TIBCO SOFTWARE INC   2013-10-22 2014-12-08
25. CONCUR TECHNOLOGIES INC   2012-07-05 2014-12-10
17. PT INDOSAT A D R   2013-02-20 2014-12-17
97. PIKE CORPORATION   2013-10-22 2014-12-23
.575 KINDER MORGAN INC   2012-07-05 2015-01-14
383. AAON INC   2013-02-20 2015-01-16
205. AARONS INC   2013-02-20 2015-01-16
107. ABBOTT LABORATORIES   2012-07-05 2015-01-16
98. ABBVIE INC   2012-07-05 2015-01-16
229. ADIDAS AG A D R   2012-07-05 2015-01-16
11. AGRIUM INC   2012-07-05 2015-01-16
342. AIR LIQUIDE S A A D R   2012-07-05 2015-01-16
31. ALBEMARLE CORP   2015-01-12 2015-01-16
732. ALLIANZ SE A D R   2012-07-05 2015-01-16
392. AMADEUS IT HOLDING UNSP A D R   2012-07-05 2015-01-16
194. AMERICAN EXPRESS CO   2012-07-05 2015-01-16
163. AMERISOURCEBERGEN CORP   2012-07-05 2015-01-16
267. APPLE COMPUTER INC   2012-07-05 2015-01-16
146. ARM HLDGS PLC A D R   2012-07-05 2015-01-16
1046. ASAHI KASEI CORP A D R   2012-07-05 2015-01-16
814. ASTRAZENECA P L C SPSD A D R   2013-02-20 2015-01-16
163. ASTRONICS CORP   2013-10-22 2015-01-16
11. ATHENAHEALTH INC   2012-07-05 2015-01-16
135. ATLAS COPCO AB SPONS A D R   2012-07-05 2015-01-16
51. BAIDU COM INC A D R   2013-07-02 2015-01-16
6. BALCHEM CORP   2013-02-20 2015-01-16
131. BANK OF NEW YORK MELLON CORP   2013-10-22 2015-01-16
33. BEACON ROOFING SUPPLY INC   2012-07-05 2015-01-16
129. BERKSHIRE HATHAWAY INC CL B   2012-07-05 2015-01-16
209. BIO TECHNE CORP   2013-10-22 2015-01-16
177. BLACKBAUD INC   2013-02-20 2015-01-16
40. BLACKROCK INC   2012-07-05 2015-01-16
156. BUCKLE INC   2012-07-05 2015-01-16
212. C J ENERGY SERVICES INC   2013-07-02 2015-01-16
94. CABELAS INC   2013-02-20 2015-01-16
1. CABOT MICROELECTRONICS CORPORATION   2012-07-05 2015-01-16
16. CACI INTERNATIONAL INC CL A   2012-07-05 2015-01-16
150. CAMDEN PPTY TR SBI   2013-10-22 2015-01-16
325. CANADIAN NATL RY CO COM   2012-07-05 2015-01-16
377. CAPGEMINI SA A D R   2013-02-20 2015-01-16
64. CARBO CERAMICS INC   2013-07-02 2015-01-16
31. CHEMED CORP   2012-07-05 2015-01-16
43. CHEVRONTEXACO CORP COM   2012-07-05 2015-01-16
348. COCA COLA ENTERPRISES INC   2012-07-05 2015-01-16
202. COGNIZANT TECH SOLUTIONS CL A   2012-07-05 2015-01-16
49878.847 COLUMBIA INCOME FD CL Z   2014-09-30 2015-01-16
304. COMPANHIA PARANAENSE ENER SP A D R   2013-10-22 2015-01-16
26. COOPER COS INC   2013-07-02 2015-01-16
48. COSTAR GROUP INC   2012-07-05 2015-01-16
1. CULLEN FROST BANKERS INC   2012-07-05 2015-01-16
81. CUMMINS INC   2012-07-05 2015-01-16
322. DBS GROUP HOLDINGS LTD - SPON ADR   2012-07-05 2015-01-16
86. DASSAULT SYSTEMES SA A D R   2012-07-05 2015-01-16
1166. DEUTSCHE BOERSE AG UNSPN A D R   2012-07-05 2015-01-16
541. DEUTSCHE TELEKOM AG A D R   2012-07-05 2015-01-16
99. DIAGEO PLC SPONSORED ADR NEW   2012-07-05 2015-01-16
102. DR REDDYS LABORATORIES LTD A D R   2013-07-02 2015-01-16
221. DONALDSON CO INC   2012-07-05 2015-01-16
5412.197 DOUBLELINE TOTAL RET BD I   2014-06-13 2015-01-16
117. DRESSER RAND GROUP INC   2012-07-05 2015-01-16
160. EQUITABLE CORP   2012-07-05 2015-01-16
61. EAGLE MATERIALS INC   2013-10-22 2015-01-16
162. EMERSON ELECTRIC CO   2012-07-05 2015-01-16
657. ERSTE GROUP BANK AG A D R   2012-07-05 2015-01-16
516. DELHAIZE GROUP SPONS A D R   2013-07-02 2015-01-16
100. EXPRESS SCRIPTS HLDGS C   2012-07-05 2015-01-16
540. FLIR SYSTEMS INC   2013-02-20 2015-01-16
246. FAMILY DOLLAR STORES   2013-02-20 2015-01-16
27. FASTENAL CO   2012-07-05 2015-01-16
37. FIDELITY NATL INFORMATION SVCS INC   2012-07-05 2015-01-16
137. FISERV INC COMMON STOCK   2012-07-05 2015-01-16
106. FLOWERS FOODS INC   2013-02-20 2015-01-16
1115. FLY LEASING LTD A D R   2013-02-20 2015-01-16
103. FORRESTER RESH INC   2013-02-20 2015-01-16
38. FOSSIL GROUP INC   2012-07-05 2015-01-16
172. GEA GROUP AG SPON A D R   2012-07-05 2015-01-16
571. OAO GAZPROM SPON A D R   2012-07-05 2015-01-16
538. GILEAD SCIENCES INC COM   2012-07-05 2015-01-16
7. GOOGLE INC CL A   2012-07-05 2015-01-16
163. GRUPO SIMEC A D R   2013-02-20 2015-01-16
121. HAIN CELESTIAL GROUP INC   2012-07-05 2015-01-16
522. HEARTLAND EXPRESS INC   2013-02-20 2015-01-16
211. HEINEKEN NV SPN A D R   2012-07-05 2015-01-16
58. HEXCEL CORP NEW   2012-07-05 2015-01-16
359. HIMAX TECHNOLOGIES INC A D R   2013-02-20 2015-01-16
81. HITACHI LTD ADR 10 COM   2013-10-22 2015-01-16
86. HONG KONG TELEVISION NE A D R   2013-02-20 2015-01-16
204. HORMEL FOODS CORP   2012-07-05 2015-01-16
65. HUBBELL INC CL B   2013-10-22 2015-01-16
756. ICAP PLC A D R   2013-10-22 2015-01-16
269. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-07-02 2015-01-16
128. INFOSYS TECHNOLOGIES SP A D R   2013-10-22 2015-01-16
158. INGREDION INC   2013-10-22 2015-01-16
292. ITAU UNIBANCO HOLDINGS SA A D R   2012-07-05 2015-01-16
279. ITC HOLDINGS CORP   2012-07-05 2015-01-16
187. J P MORGAN CHASE & CO   2012-07-05 2015-01-16
60. JARDEN CORP   2013-02-20 2015-01-16
456. KAO CORP A D R   2012-07-05 2015-01-16
408. KINDER MORGAN INC   2012-07-05 2015-01-16
90. KIRBY CORP   2012-07-05 2015-01-16
293. KOMATSU LTD - SPON ADR   2012-07-05 2015-01-16
456. LG DISPLAY CO LTD A D R   2013-07-02 2015-01-16
164. LOREAL UNSPONSORED A D R   2012-07-05 2015-01-16
271. LVMH MOET HENNESSY A D R   2012-07-05 2015-01-16
107. LINCOLN ELEC HLDGS INC   2012-07-05 2015-01-16
559. LONZA GROUP AG UNSPON A D R   2012-07-05 2015-01-16
7. LORILLARD INC   2012-07-05 2015-01-16
164. LOWES COMPANIES INC   2013-02-20 2015-01-16
204. M D U RES GROUP INC   2012-07-05 2015-01-16
424. MARKS & SPENCER PLC A D R   2012-07-05 2015-01-16
193. MARTEN TRANSPORTATION LTD   2013-02-20 2015-01-16
182. MAXIMUS INC   2012-07-05 2015-01-16
47. MCCORMICK & CO INC COM   2012-07-05 2015-01-16
92. MEDNAX INC   2012-07-05 2015-01-16
121. MELCO CROWN ENTERTAINMENT LMTD A D R   2013-02-20 2015-01-16
136. MERCADOLIBRE INC   2013-02-20 2015-01-16
72. MICROCHIP TECHNOLOGY INC   2012-07-05 2015-01-16
36. MITSUI & CO LTD SPSD ADR   2013-10-22 2015-01-16
114. MOBILE MINI INC   2012-07-05 2015-01-16
433. MONRO MUFFLER BRAKE INC   2013-02-20 2015-01-16
267. MONSTER BEVERAGE CORP   2013-02-20 2015-01-16
231. MOTOROLA SOLUTIONS INC   2012-07-05 2015-01-16
419. MYLAN LABS INC COM   2012-07-05 2015-01-16
50. NATIONAL INSTRS CORP   2012-07-05 2015-01-16
62. NESTLE S A SPONSORED ADR REPSTG REG SH   2012-07-05 2015-01-16
380. NEW YORK CMNTY BANCORP INC COM   2012-07-05 2015-01-16
224. NEXTERA ENERGY INC   2012-07-05 2015-01-16
1539. NIDEC CORPORATION-ADR WI COM   2013-07-02 2015-01-16
1042. NIPPON TELEG & TEL CORP SPON ADR   2013-02-20 2015-01-16
64. NISSAN MTR LTD SPONSORED ADR   2012-07-05 2015-01-16
43. O REILLY AUTOMOTIVE INC   2012-07-05 2015-01-16
70. OIL STATES INTERNATIONAL INC   2012-07-05 2015-01-16
24. ONE GAS INC W I   2013-10-22 2015-01-16
74. ONEOK INC   2013-10-22 2015-01-16
427. ORIX CORP SPONS A D R   2013-02-20 2015-01-16
23. POSCO A D R   2013-10-22 2015-01-16
75. PRA GROUP INC   2012-07-05 2015-01-16
171. PACCAR INC   2012-07-05 2015-01-16
8. PANERA BREAD COMPANY CL A   2012-07-05 2015-01-16
137. PETSMART INC   2012-07-05 2015-01-16
340. PFIZER INC COMMON STOCK   2012-07-05 2015-01-16
196. POOL CORPORATION   2013-02-20 2015-01-16
37. POWER INTEGRATIONS INC   2012-07-05 2015-01-16
87. T ROWE PRICE GROUP INC   2012-07-05 2015-01-16
105. PROCTER & GAMBLE CO   2012-07-05 2015-01-16
159. REPSOL S.A.   2012-07-05 2015-01-16
195. ROLLINS INC   2012-07-05 2015-01-16
97. ROPER INDS INC   2012-07-05 2015-01-16
175. ROSS STORES INC   2013-02-20 2015-01-16
283. ROYAL DUTCH SHELL PLC A D R   2012-07-05 2015-01-16
154. SAFRAN SA UNSPON A D R   2012-07-05 2015-01-16
271. SAP AG SPONSORED ADR   2012-07-05 2015-01-16
74. SASOL LTD SPONSORED ADR   2012-07-05 2015-01-16
344. SCANSOURCE INC   2013-02-20 2015-01-16
85. SCHLUMBERGER LTD ISIN #AN8068571086   2012-07-05 2015-01-16
888. SCHWAB CHARLES CORP   2012-07-05 2015-01-16
27. SECOM COMPANY LIMITED A D R   2012-07-05 2015-01-16
176. SHIRE PHARMACEUTICALS GR SPONSORED ADR   2013-10-22 2015-01-16
130. SIGMA ALDRICH CORP   2013-07-02 2015-01-16
18. SIGNATURE BK   2012-07-05 2015-01-16
92. SILICONWARE PRECISION IND CO A D R   2012-07-05 2015-01-16
181. SINGAPORE TELECOMMUNICATNS A D R   2012-07-05 2015-01-16
156. SKYWORKS SOLUTIONS INC   2012-07-05 2015-01-16
1112. SMITH NEPHEW PLC SPON A D R   2013-10-22 2015-01-16
197. SMITH A O CORP   2013-07-02 2015-01-16
572. SONY FINANCIAL HOLD A D R   2012-07-05 2015-01-16
370. SOUTHERN COPPER CORP DEL   2012-07-05 2015-01-16
64. STERICYCLE INC COMMON STOCK   2012-07-05 2015-01-16
451. SUMITOMO MITSUI FINL GROUP A D R   2013-02-20 2015-01-16
433. SUNCOR ENERGY INC   2012-07-05 2015-01-16
204. SWATCH GROUP AG A D R   2012-07-05 2015-01-16
134. SWISS RE LTD SPN A D R   2012-07-05 2015-01-16
158. TECHNIP-COFLEXIP A D R   2012-07-05 2015-01-16
32. TECHNIP-COFLEXIP A D R   2013-10-22 2015-01-16
939. TESCO PLC A D R   2012-07-05 2015-01-16
43. TEVA PHARMACEUTICALS INDS LTD ADR   2012-07-05 2015-01-16
436. TEVA PHARMACEUTICALS INDS LTD ADR   2013-07-02 2015-01-16
73. TIME WARNER CABLE INC   2012-07-05 2015-01-16
251. TOKYO ELECTRON LTD ADR   2013-07-02 2015-01-16
221. TOTO LTD   2012-07-05 2015-01-16
121. TOTAL SA SPON A D R   2013-10-22 2015-01-16
284. TOYOTA MTR CORP COM (ADR 2)   2013-02-20 2015-01-16
376. TRINITY BIOTECH PLC SPON A D R   2013-10-22 2015-01-16
14. TURKIYE GARANTI BANKASI A S A D R   2012-07-05 2015-01-16
54. UNILEVER PLC SPSD ADR   2012-07-05 2015-01-16
1. UNILEVER N V A D R   2012-07-05 2015-01-16
269. UNION PACIFIC CORPORATION COMMON STOCK   2012-07-05 2015-01-16
151. UNITED THERAPEUTICS CORP   2013-02-20 2015-01-16
118. UTAH MED PRODS INC   2013-02-20 2015-01-16
241. V F CORPORATION COMMON STOCK   2012-07-05 2015-01-16
90. VARIAN MED SYS INC   2012-07-05 2015-01-16
13. VERIZON COMMUNICATIONS   2014-02-24 2015-01-16
257. VERISK ANALYTICS INC CL A   2012-07-05 2015-01-16
59. VISA INC   2012-07-05 2015-01-16
164. WNS HOLDINGS LTD ADR   2013-07-02 2015-01-16
229. WABTEC CORP   2012-07-05 2015-01-16
65. WATERS CORP   2012-07-05 2015-01-16
176. WELLS FARGO & CO NEW   2012-07-05 2015-01-16
895. XINYUAN REAL ESTATE CO LTD A D R   2013-02-20 2015-01-16
116. YUM! BRANDS INC COM   2013-10-22 2015-01-16
110. DAIMLERCHRYSLER AG COM   2012-07-05 2015-01-16
125. ACCENTURE PLC CL A   2012-07-05 2015-01-16
270. EATON CORP PLC   2012-11-30 2015-01-16
406. SEADRILL LIMITED   2012-07-05 2015-01-16
6. PERRIGO CO PLC   2013-12-19 2015-01-16
20. PERRIGO CO PLC   2013-12-19 2015-01-16
75. CHECK POINT SOFTWARE TECH LTD   2013-07-02 2015-01-16
211. CIMPRESS NV   2013-10-22 2015-01-16
83. QIAGEN NV   2012-07-05 2015-01-16
135. COVIDIEN PLC   2013-07-02 2015-01-27
35. COVIDIEN PLC   2013-10-22 2015-01-27
.52 MEDTRONIC PLC   2015-01-27 2015-02-05
66. ROCKWOOD HLDGS INC   2012-07-05 2015-02-19
.6998 ALBEMARLE CORP   2015-01-12 2015-02-20
.76 DAWSON GEOPHYSICAL CO   2013-07-02 2015-02-26
.5 ROLLINS INC   2012-07-05 2015-03-24
.08 TOOTSIE ROLL INDS   2015-01-16 2015-04-21
.0878 GOOGLE INC CL C   2012-07-05 2015-05-07
3. LORILLARD INC   2015-06-12 2015-06-12
.873 REYNOLDS AMERICAN INC   2015-06-12 2015-06-26
100. ZEP INC   2013-07-02 2015-06-26
9. FAMILY DOLLAR STORES   2013-02-20 2015-07-07
.524 RELX NV SPON A D R   2015-01-16 2015-07-15
.7 ITAU UNIBANCO HOLDINGS SA A D R   2013-02-20 2015-07-31
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 38,998   39,861 -863
b 29,105   28,341 764
c 12,712   12,147 565
d 47,602   49,159 -1,557
e 184,950   189,678 -4,728
12,172   9,283 2,889
30   17 13
718,769   730,814 -12,045
10,896   10,759 137
3,225   1,703 1,522
234   594 -360
1,164   1,078 86
23   19 4
8,265   4,097 4,168
6,002   6,029 -27
4,740   3,332 1,408
6,278   3,309 2,969
7,564   8,409 -845
1,091   1,015 76
8,218   7,017 1,201
1,800   1,851 -51
12,070   7,210 4,860
15,096   7,938 7,158
16,643   11,564 5,079
14,994   6,468 8,526
28,192   23,403 4,789
6,603   3,547 3,056
19,539   11,401 8,138
58,477   36,965 21,512
8,466   3,125 5,341
1,536   916 620
3,699   2,966 733
11,218   4,622 6,596
368   230 138
4,880   4,144 736
786   865 -79
19,117   10,793 8,324
19,449   16,971 2,478
7,795   4,951 2,844
13,889   6,867 7,022
7,750   5,975 1,775
2,302   4,072 -1,770
5,114   4,727 387
46   30 16
1,436   912 524
11,794   9,885 1,909
21,534   13,863 7,671
13,225   9,289 3,936
2,166   4,264 -2,098
3,169   1,930 1,239
4,495   4,569 -74
14,908   9,918 4,990
11,092   6,106 4,986
508,265   506,270 1,995
3,937   3,808 129
4,147   3,157 990
8,344   4,059 4,285
63   58 5
11,351   8,106 3,245
19,220   14,313 4,907
5,076   4,051 1,025
8,483   6,191 2,292
8,759   5,854 2,905
11,354   10,177 1,177
5,398   3,904 1,494
8,020   7,494 526
59,967   59,426 541
9,528   5,484 4,044
12,024   8,784 3,240
4,446   4,200 246
9,718   7,441 2,277
7,365   6,222 1,143
10,021   6,540 3,481
8,485   5,479 3,006
16,113   14,540 1,573
18,477   13,516 4,961
1,210   1,117 93
2,323   1,283 1,040
9,932   4,990 4,942
2,071   1,982 89
14,907   15,337 -430
3,756   3,267 489
3,711   2,703 1,008
7,243   4,799 2,444
2,632   5,510 -2,878
53,890   13,894 39,996
3,563   2,100 1,463
1,430   2,294 -864
6,449   3,383 3,066
13,839   7,245 6,594
7,651   5,511 2,140
2,428   1,547 881
2,448   1,108 1,340
6,117   5,131 986
716   569 147
10,445   6,216 4,229
6,757   6,855 -98
10,191   8,469 1,722
13,122   9,307 3,815
4,376   3,509 867
13,128   10,732 2,396
3,805   3,546 259
11,888   6,560 5,328
10,380   6,478 3,902
2,746   1,605 1,141
18,910   12,586 6,324
16,899   11,777 5,122
7,034   4,294 2,740
6,185   7,249 -1,064
7,562   5,440 2,122
5,559   3,802 1,757
9,170   8,295 875
6,947   4,741 2,206
5,959   2,393 3,566
455   317 138
11,086   6,435 4,651
4,792   4,524 268
5,800   4,363 1,437
4,036   2,711 1,325
10,157   4,816 5,341
3,468   2,890 578
5,972   3,139 2,833
2,727   2,314 413
16,204   11,565 4,639
3,223   2,245 978
9,214   9,573 -359
4,245   1,636 2,609
24,399   17,108 7,291
31,601   13,411 18,190
14,728   11,176 3,552
23,216   9,176 14,040
1,478   1,366 112
4,696   3,727 969
5,810   4,887 923
24,120   15,402 8,718
25,732   13,471 12,261
28,715   23,984 4,731
1,080   1,204 -124
7,816   3,732 4,084
2,978   2,754 224
1,062   676 386
3,160   3,586 -426
25,205   24,158 1,047
1,453   1,742 -289
4,132   2,232 1,900
10,977   6,631 4,346
1,366   1,124 242
11,131   9,332 1,799
11,094   7,749 3,345
12,311   9,203 3,108
1,874   1,443 431
7,036   5,461 1,575
9,520   6,460 3,060
2,792   2,547 245
6,347   4,411 1,936
14,050   9,653 4,397
16,138   11,596 4,542
18,199   19,247 -1,048
2,444   1,370 1,074
18,116   16,011 2,105
2,485   3,183 -698
13,144   10,533 2,611
6,884   5,627 1,257
23,674   11,473 12,201
383   314 69
37,644   20,946 16,698
17,837   9,658 8,179
2,088   1,110 978
706   507 199
5,291   4,842 449
11,433   4,327 7,106
39,717   25,680 14,037
10,703   7,356 3,347
7,911   9,360 -1,449
9,964   11,544 -1,580
8,533   5,948 2,585
3,112   3,733 -621
12,964   13,046 -82
4,182   4,029 153
12,089   8,366 3,723
2,210   4,083 -1,873
448   984 -536
9,399   14,047 -4,648
2,476   1,730 746
25,109   17,065 8,044
10,640   6,008 4,632
4,495   3,168 1,327
4,869   3,258 1,611
6,125   6,249 -124
36,496   29,346 7,150
6,891   8,923 -2,032
58   55 3
2,246   1,830 416
40   34 6
29,990   15,951 14,039
21,275   8,626 12,649
6,854   4,976 1,878
17,414   8,143 9,271
7,851   5,540 2,311
622   625 -3
16,111   12,891 3,220
14,977   7,491 7,486
3,818   2,747 1,071
18,915   8,988 9,927
7,373   5,216 2,157
9,009   5,859 3,150
1,888   4,284 -2,396
8,351   7,719 632
9,488   4,997 4,491
11,059   7,599 3,460
17,326   13,664 3,662
4,084   14,636 -10,552
958   913 45
3,193   3,044 149
6,037   3,756 2,281
15,177   11,719 3,458
1,964   1,424 540
14,683   7,773 6,910
3,805   2,228 1,577
39   40 -1
5,236   2,782 2,454
38   42 -4
4   17 -13
12   8 4
3   2 1
46   26 20
214   136 78
67   63 4
2,005   1,381 624
715   494 221
8   8  
6   9 -3
      16,610
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       -863
b       764
c       565
d       -1,557
e       -4,728
      2,889
      13
      -12,045
      137
      1,522
      -360
      86
      4
      4,168
      -27
      1,408
      2,969
      -845
      76
      1,201
      -51
      4,860
      7,158
      5,079
      8,526
      4,789
      3,056
      8,138
      21,512
      5,341
      620
      733
      6,596
      138
      736
      -79
      8,324
      2,478
      2,844
      7,022
      1,775
      -1,770
      387
      16
      524
      1,909
      7,671
      3,936
      -2,098
      1,239
      -74
      4,990
      4,986
      1,995
      129
      990
      4,285
      5
      3,245
      4,907
      1,025
      2,292
      2,905
      1,177
      1,494
      526
      541
      4,044
      3,240
      246
      2,277
      1,143
      3,481
      3,006
      1,573
      4,961
      93
      1,040
      4,942
      89
      -430
      489
      1,008
      2,444
      -2,878
      39,996
      1,463
      -864
      3,066
      6,594
      2,140
      881
      1,340
      986
      147
      4,229
      -98
      1,722
      3,815
      867
      2,396
      259
      5,328
      3,902
      1,141
      6,324
      5,122
      2,740
      -1,064
      2,122
      1,757
      875
      2,206
      3,566
      138
      4,651
      268
      1,437
      1,325
      5,341
      578
      2,833
      413
      4,639
      978
      -359
      2,609
      7,291
      18,190
      3,552
      14,040
      112
      969
      923
      8,718
      12,261
      4,731
      -124
      4,084
      224
      386
      -426
      1,047
      -289
      1,900
      4,346
      242
      1,799
      3,345
      3,108
      431
      1,575
      3,060
      245
      1,936
      4,397
      4,542
      -1,048
      1,074
      2,105
      -698
      2,611
      1,257
      12,201
      69
      16,698
      8,179
      978
      199
      449
      7,106
      14,037
      3,347
      -1,449
      -1,580
      2,585
      -621
      -82
      153
      3,723
      -1,873
      -536
      -4,648
      746
      8,044
      4,632
      1,327
      1,611
      -124
      7,150
      -2,032
      3
      416
      6
      14,039
      12,649
      1,878
      9,271
      2,311
      -3
      3,220
      7,486
      1,071
      9,927
      2,157
      3,150
      -2,396
      632
      4,491
      3,460
      3,662
      -10,552
      45
      149
      2,281
      3,458
      540
      6,910
      1,577
      -1
      2,454
      -4
      -13
      4
      1
      20
      78
      4
      624
      221
       
      -3
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 594,819
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 499,534 9,706,029 0.051466
2012 514,549 9,243,118 0.055668
2011 553,293 9,080,210 0.060934
2010 607,981 9,474,405 0.064171
2009 733,772 8,932,761 0.082144
2 Total of line 1, column (d) ...................... 2 0.314383
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 0.062877
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,608,311
5 Multiply line 4 by line 3....................... 5 604,142
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,911
7 Add lines 5 and 6......................... 7 611,053
8 Enter qualifying distributions from Part XII, line 4.............. 8 441,257
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 13,823
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 13,823
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,823
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,520
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 9,520
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9 4,303
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK TRUSTEE
    1     		133,777    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,302,340
    b
    Average of monthly cash balances.......................
    1b
    452,290
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,754,630
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,754,630
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    146,319
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,608,311
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    480,416
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    480,416
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    13,823
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,823
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    466,593
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    466,593
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    466,593
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    441,257
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    441,257
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    441,257
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 466,593
    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....... 290,436
    b From 2010....... 118,768
    c From 2011....... 110,291
    d From 2012....... 54,628
    e From 2013....... 0
    fTotal of lines 3a through e......... 574,123
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 441,257
    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..... 441,257
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 25,336 25,336
    (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 5 548,787
    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) ...     		265,100
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		283,687
    10 Analysis of line 9:
    a Excess from 2010.... 118,768
    b Excess from 2011.... 110,291
    c Excess from 2012.... 54,628
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WILLIAM DOLAN
    US BANK - PO BOX 3168
    PORTLAND,OR97208
    (503) 464-4909
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    APRIL 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATES OF GRESHAM, BARLOW, REYNOLDS OR CENTENNIAL HIGH SCHOOLS.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    THE ART INSTITUTE OF
    PORTLAND
    1122 NW DAVIS ST
    PORTLAND,OR97209     		NONE PUBLIC SCHOLARSHIP 4,000
    BARNARD COLLEGE
    11 MILBANK HALL
    3009 BROADWAY
    NEW YORK,NY10027     		NONE COLLEGE SCHOLARSHIP 2,000
    BOISE STATE UNIVERSITY
    OFFICE OF FINANCIAL AID
    1910 UNIVERSITY DRIVE
    BOISE,ID83725     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    CENTRAL WASHINGTON UNIV
    OFFICE OF FINANCIAL AID
    400 E UNIVERSITY WAY
    ELLENSBURG,WA98926     		NONE PUBLIC SCHOLARSHIP 2,000
    COLUMBIA UNIVERSITY
    100 HAMILTON HALL MC 2802
    1130 AMSTERDAM AVE
    NEW YORK,NY10027     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CONCORDIA UNIVERSITY
    OFFICE OF FINANCIAL AID
    2811 NE HOLMAN ST
    PORTLAND,OR97211     		NONE UNIVERSITY SCHOLARSHIPS 20,000
    CORBAN UNIVERSITY
    5000 DEER PARK DR SE
    SALEM,OR97317     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    CORNELL COLLEGE
    OFFICE OF FINANCIAL AID
    600 FIRST STREET WEST
    MT VERNON,IA52314     		NONE COLLEGE SCHOLARSHIPS 2,000
    EASTERN OREGON UNIV
    OFFICE OF FINANCIAL AID
    ONE UNIVERSITY BLVD
    LA GRANDE,OR97850     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    GEORGE FOX UNIVERSITY
    OFFICE OF FINANCIAL AID
    414 N MERIDIAN ST 6129
    NEWBERG,OR97132     		NONE UNIVERSITY SCHOLARSHIPS 16,000
    GONZAGA UNIVERSITY
    OFFICE OF FINANCIAL AID
    502 E BOONE AVE
    SPOKANE,WA99258     		NONE UNIVERSITY SCHOLARSHIPS 10,000
    HARDING UNIVERSITY
    OFFICE OF FINANCIAL AID
    BOX 12282
    SEARCY,AZ72149     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    LANE COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    4000 E 30TH AVE
    EUGENE,OR97405     		NONE COLLEGE SCHOLARSHIP 2,000
    LINFIELD COLLEGE
    OFFICE OF FINANCIAL AID
    900 SE BAKER ST
    MCMINNVILLE,OR97128     		NONE COLLEGE SCHOLARSHIPS 6,000
    MONTANA STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 174160
    BOZEMAN,MT59717     		NONE UNIVERSITY SCHOLARSHIP 2,000
    MT HOOD COMMUNITY COLLEGE
    OFFICE OF FINANCIAL AID
    26000 SE STARK ST
    GRESHAM,OR97030     		NONE COLLEGE SCHOLARSHIPS 44,000
    MULTNOMAH UNIVERSITY
    FINANCIAL AID OFFICE
    8435 NE GLISAN ST
    PORTLAND,OR97220     		NONE UNIVERSITY SCHOLARSHIP 2,000
    OREGON INSTITUTE OF TECHNOLOGY
    OFFICE OF FINANCIAL AID
    3201 CAMPUS DRIVE
    KLAMATH FALLS,OR97601     		NONE SCHOOL SCHOLARSHIP 2,000
    OREGON STATE UNIVERSITY
    OFFICE OF FINANCIAL AID
    218 KERR ADMIN BLDG
    CORVALLIS,OR97331     		NONE UNIVERSITY SCHOLARSHIPS 91,334
    PACIFIC LUTHERN UNIVERSITY
    OFFICE OF FINANCIAL AID
    12180 PARK AVE S
    TACOMA,WA98447     		NONE UNIVERSITY SCHOLARSHIP 2,000
    PACIFIC UNIVERSITY
    OFFICE OF FINANCIAL AID
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE UNIVERSITY SCHOLARSHIPS 6,000
    PENNSYLVANIA STATE UNIV
    OFFICE OF FINANCIAL AID
    314 SHIELDS BLDG
    UNIVERSITY PARK,PA16802     		NONE UNIVERSITY SCHOLARSHIP 2,000
    PORTLAND COMM COLLEGE
    PO BOX 19000
    PORTLAND,OR97280     		NONE COLLEGE SCHOLARSHIPS 9,333
    PORTLAND STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 851
    PORTLAND,OR97207     		NONE UNIVERSITY SCHOLARSHIPS 28,670
    SEATTLE PACIFIC UNIV
    OFFICE OF FINANCIAL AID
    3307 3RD AVE WEST
    SEATTLE,WA98119     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    STANFORD UNIVERSITY
    OFFICE OF FINANCIAL AID
    355 GALVEZ ST
    STANFORD,CA94305     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    UNIVERSITY OF PORTLAND
    OFFICE OF FINANCIAL AID
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE UNIVERSITY SCHOLARSHIPS 22,000
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST CMB 1039
    TACOMA,WA98416     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF OREGON
    OFFICE OF FINANCIAL AID
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE UNIVERSITY SCHOLARSHIPS 46,000
    WARNER PACIFIC COLLEGE
    OFFICE OF FINANCIAL AID
    2219 SE 68TH AVE
    PORTLAND,OR97215     		NONE COLLEGE SCHOLARSHIPS 4,000
    WESTERN OREGON UNIVERSITY
    OFFICE OF FINANCIAL AID
    345 N MONMOUTH AVE
    MONMOUTH,OR97361     		NONE UNIVERSITY SCHOLARSHIPS 24,389
    WHITWORTH UNIVERSITY
    OFFICE OF FINANCIAL AID
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE UNIVERSITY SCHOLARSHIP 4,000
    WILLAMETTE UNIVERSITY
    OFFICE OF FINANCIAL AID
    900 STATE STREET
    SALEM,OR97301     		NONE UNIVERSITY SCHOLARSHIPS 4,000
    SYRACUSE UNIVERSITY
    OFFICE OF FINANCIAL AID
    200 ARCHBOLD NORTH
    SYRACUSE,NY13244     		NONE UNIVERSITY SCHOLARSHIP 2,000
    AZUSA PACIFIC UNIVERSITY
    OFFICE OF FINANCIAL AID
    PO BOX 7000
    AZUSA,CA91702     		NONE UNIVERSITY SCHOLARSHIP 2,000
    BRIGHAM YOUNG UNIV
    OFFICE OF FINANCIAL AID
    A-41 ASB
    PROVO,UT84602     		NONE UNIVERSITY SCHOLARSHIP 2,000
    NEW YORK UNIVERSITY
    OFFICE OF FINANCIAL AID
    726 BROADWAY 9TH FLOOR
    NEW YORK,NY10013     		NONE UNIVERSITY SCHOLARSHIP 2,000
    SEATTLE UNIVERSITY
    OFFICE OF FINANCIAL AID
    901 12TH AVE
    SEATTLE,WA98122     		NONE UNIVERSITY SCHOLARSHIP 2,000
    THE BOSTON CONSERVATORY
    OFFICE OF FINANCIAL AID
    8 THE FENWAY
    BOSTON,MA02215     		NONE UNIVERSITY SCHOLARSHIP 2,000
    BROWN UNIVERSITY
    OFFICE OF FINANCIAL AID
    164 ANGELL ST
    PROVIDENCE,RI02912     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CALIFORNIA STATE UNIVERSITY
    EAST BAY
    25800 CARLOS BEE BLVD
    HAYWARD,CA94542     		NONE UNIVERSITY SCHOLARSHIP 2,000
    NORTHWEST UNIVERSITY
    OFFICE OF FINANCIAL AID
    PO BOX 579
    KIRKLAND,WA98083     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF HAWAII AT HILO
    200 W KAWILI ST
    HILO,HI96720     		NONE UNIVERSITY SCHOLARSHIP 2,000
    UNIVERSITY OF NEVADA RENO
    1664 N VIRGINIA STREET
    RENO,NV89557     		NONE UNIVERSITY SCHOLARSHIP 2,000
    CENTRAL OREGON COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    BEND,OR97701     		NONE COLLEGE SCHOLARSHIPS 2,000
    HEALD COLLEGE
    ATTN SCHOLARSHIPS
    SAN FRANCISCO,CA94105     		NONE COLLEGE SCHOLARSHIPS 2,000
    UNIVERSITY OF ILLINOIS
    620 E JOHN STREET
    CHAMPAIGN,IL61820     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    LINN-BENTON COMMUNITY COLLEGE
    ATTN SCHOLARSHIPS
    ALBANY,OR97321     		NONE COLLEGE SCHOLARSHIPS 2,000
    UNIVERSITY OF ALASKA SOUTHEAST
    ATTN SCHOLARSHIPS
    JUNEAU,AK99801     		NONE UNIVERSITY SCHOLARSHIPS 2,000
    LEWIS AND CLARK COLLEGE
    ATTN SCHOLARSHIPS
    PORTLAND,OR97219     		NONE COLLEGE SCHOLARSHIPS 2,000
    GRAND CANYON UNIVERSITY
    BUILDING 25
    PHOENIX,AZ85017     		NONE N/A GENERAL 2,000
    IDAHO STATE UNIVERSITY
    741 SOUTH 7TH AVE
    POCATELLO,ID83209     		NONE UNIVERSITY SCHOLARSHIP SUPPORT 2,000
    NORTHWESTERN UNIVERSITY
    OFFICE OF FINANCIAL AID
    EVANSTON,IL60208     		NONE SCHOOL SCHOLARSHIP SUPPORT 2,000
    TEXAS CHRISTIAN UNIV
    FINANCIAL AID OFFICE
    FORT WORTH,TX76129     		NONE SCHOOL SCHOLARSHIP SUPPORT 2,000
    Total .................................bullet 3a 423,726
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 222,009  
    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 .............     		    18 594,819  
    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)..   816,828  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13816,828
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 1,500     1,500

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMER CENT DIVERSIFIED BOND 590,644 577,000
    NUVEEN HIGH INCOME BOND FD 437,379 420,957
    T ROWE PRICE INTL BOND FD #76 822,417 724,281
    DRIEHAUS ACTIVE INCOME FD #640 510,575 510,002
    NUVEEN INFLATION PRO SEC 474,185 461,552
    PIMCO TOTAL RETURN FUND #35    
    COLUMBIA INCOME FD CL Z 69,130 67,087
    DOUBLELINE TOTAL RET BD I 515,975 513,400

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SONOVA HLDG UNSPON ADR 11,977 17,551
    ABAXIS INC 16,059 19,423
    ABBOTT LABORATORIES 31 51
    AMERICAN EXPRESS CO 60 76
    AMERISOURCESBERGEN CORP 2,857 7,614
    ANSYS INC 21,117 28,904
    APPLE INC 47,156 65,259
    APTAR GROUP INC 19,349 22,574
    ATHENAHEALTH INC    
    ATT INC 13,152 12,889
    BEACON ROOFING SUPPLY INC 367 490
    BERKSHIRE HATHAWAY INC 25,183 42,965
    BLACKROCK INC 5,665 11,099
    BUCKLE INC 2,926 3,361
    CABOT MICROELECTRONICS CORP 4,109 6,212
    CACI INTERNATIONAL INC 228 329
    CATERPILLAR INC 8,125 7,627
    CHEMED CORP 311 742
    CHEVRON CORP 16,364 13,626
    CHURCH AND DWIGHT CO INC 9,310 14,158
    COCA COLA COMPANY 431 452
    COCA COLA ENTERPRISES INC    
    COGNIZANT TECH SOLUTIONS 20,856 43,539
    CONCUR TECHNOLOGIES INC    
    COSTAR GROUP INC    
    CULLEN FROST BANKERS INC 14,130 17,605
    CUMMINS INC 12,610 16,321
    DONALDSON CO INC 2,102 2,083
    DRESSER RAND GROUP INC    
    E M C CORPORATION 16,427 17,398
    EATON CORP PLC 2,024 2,423
    EMERSON ELEC CO 2,756 3,105
    EQUITABLE CORP 1,702 2,382
    EXPRESS SCRIPTS HLDGS 23,724 39,000
    F M C CORPORATION 10,796 9,562
    FASTENAL CO 331 335
    FIDELITY NATL INFO SVCS INC 9,015 17,012
    FISERV INC 983 2,345
    FORRESTER RESH INC 10,326 11,667
    FOSSIL GROUP INC 142 138
    GILEAD SCIENCES INC    
    GOOGLE INC    
    GRAINGER W W INC 9,109 10,749
    HAIN CELESTIAL GROUP INC 5,844 14,208
    HEXEL CORP NEW 7,760 15,100
    HORMEL FOODS CORP 1,158 2,250
    IDEXX LABS INC 6,981 9,600
    ITC HLDGS CORP 5,643 8,107
    J P MORGAN CHASE CO 10,634 21,039
    KINDER MORGAN INC 9,321 9,768
    KINDER MORGAN MGMT LLC    
    KIRBY CORP 1,479 2,245
    LINCOLN ELEC HLDGS INC 975 1,332
    LINEAR TECHNOLOGY CORP 9,941 10,783
    LKQ CORP 18,136 24,444
    LORILLARD INC    
    M D U RES GROUP INC    
    MAXIMUS INC    
    MCCORMICK CO INC    
    MEDNAX INC    
    MICROCHIP TECHNOLOGY INC 717 985
    MICROS SYS INC    
    MICROSOFT CORP 13,740 19,941
    MOBILE MINI INC 431 1,114
    MOTOROLA SOLUTIONS INC 1,064 1,324
    MYLAN INC    
    NATIONAL INSTRS CORP 355 376
    NATIONAL OILWELL VARCO INC 22,939 16,178
    NEXTERA ENERGY INC 5,570 8,521
    O REILLY AUTOMOTIVE INC 5,902 16,341
    OIL STATES INTL INC 39 30
    ONEOK INC 1,260 983
    PACCAR INC 427 713
    PANERA BREAD COMPANY    
    PATTERSON COMPANIES INC 1,197 1,705
    PERRIGO CO 18,112 22,872
    PETSMART INC    
    PFIZER INC 11,304 17,886
    PHILIP MORRIS INTL 14,174 13,685
    PORTFOLIO RECOVERY ASSOC    
    POWER INTEGRATIONS INC 1,872 1,860
    PROCTER & GAMBLE CO 2,461 3,068
    QUALCOMM INC 50,584 57,436
    ROCKWOOD HLDGS INC    
    ROLLINS INC 1,056 2,030
    ROPER INDS INC 1,095 1,840
    ROSS STORES INC    
    SCHWAB CHARLES CORP 1,124 3,035
    SEMTECH CORP 2,788 1,952
    SIGMA ALDRICH CORP 74 140
    SIGNATURE BK 7,336 17,325
    SKYWORKS SOLUTIONS INC 4,855 16,742
    SOUTHERN COPPER CORP    
    STERICYCLE INC 19,331 29,322
    T ROWE PRICE GROUP INC 1,193 1,465
    TECHNE CORP    
    TIME WARNER CABLE INC 7,901 18,241
    UNION PACIFIC CORP 59 98
    V F CORP 7,941 18,116
    VARIAN MED SYS INC 13,295 18,591
    VERISK ANALYTICS INC 15,600 24,292
    VISA INC 9,650 22,903
    WABTEC CORP 432 1,113
    WATERS CORP    
    WELLS FARGO CO 11,818 20,544
    YUM BRANDS INC    
    ACCENTURE PLC 7,659 12,992
    ADIDAS AG A D R 37 41
    AGRIUM INC    
    AIA GROUP LTD ADR    
    AIR LIQUIDE S A A D R 16,497 20,944
    ALLIANZ SE A D R 7,279 12,120
    AMADEUS IT HLDG UNSP A D R 6,197 13,388
    AMERICA MOVIL A D R 8,128 6,977
    ANHEUSER BUSCH INBEV NV A D R 15,003 22,834
    ARM HLDGS PLC A D R 9,061 17,546
    ASAHI KASEI CORP A D R    
    ATLAS COPCO AB SPONS A D R 7,602 9,449
    B G GROUP P L C A D R 26,933 31,730
    BUNGE LIMITED 8,788 10,860
    CANADIAN NATL RY CO 43 62
    CORE LABORATORIES N V 32,960 34,643
    CSL LIMITED A D R 7,196 12,888
    DAIMLER AG 9,041 17,749
    DASSAULT SYSTEMES SA A D R 17,335 27,710
    DBS GROUP HLDGS LTD 7,023 9,516
    DEUTSCHE BOERSE AG UNSPN A D R 10,291 17,500
    DEUTSCHE POST AG A D R 10,003 10,719
    DEUTSCHE TELEKOM AG A D R 1,082 1,800
    DIAGEO PLC SPONSORED A D R 1,336 1,460
    ERSTE GROUP BANK AG A D R    
    FANUC CORPORATION A D R 17,026 16,773
    FRESENIUS MED CARE 22,936 26,217
    GEA GROUP AG SPON A D R 9,960 15,137
    HEINEKEN N V A D R 9,246 13,976
    HSBC HOLDINGS PLC SPONS A D R 9,759 9,915
    I C I C I BANK LIMITED A D R 9,341 14,048
    IMPERIAL OIL LTD 9,250 8,033
    ITAU UNIBANCO HLDGS SA A D R 11,509 8,081
    JGC CORP UNSPONSORED A D R 3,481 1,603
    JULIUS BAER GROUP LTD A D R 13,320 20,387
    KAO CORP A D R 1,214 2,237
    KOMATSU LTD A D R 965 716
    LONZA GROUP AG UNSPON A D R 4 14
    LOREAL CO UNSPONSORED ADR 11,011 17,718
    LVMH MOET HENNESSY LOU VUITT 6,394 7,281
    MARKS & SPENCER PLC A D R 1,605 2,644
    MTN GROUP LTD A D R 8,555 8,030
    NESTLE SA SPONSORED A D R 20,437 25,704
    NISSAN MTR LTD ADR 696 716
    NOKIAN TYRES OYJ UNSPON A D R 11,195 8,481
    NOVARTIS AG A D R 52,876 61,524
    NOVO NORDISK AS A D R 16,976 33,902
    OAO GAZPROM SPON A D R 399 188
    PETROLEO BRASILEIRO SPON ADR 1,935 823
    PORSCHE AUTOMOBIL HLDG SE ADR 13,887 20,064
    QIAGEN NV 17 28
    REPSOL SA SPONSORED ADR 11,550 12,091
    ROCHE HLDG LTD A D R 24,890 41,960
    ROYAL DUTCH SHELL A D R 1,764 1,454
    ROYAL DUTCH SHELL PLC A D R 544 460
    SAFRAN SA UNSPON A D R 267 566
    SAP AG A D R 16,365 19,853
    SASOL LTD SPONSORED A D R 3,871 3,103
    SCHUMBERGER LTD 33,231 41,576
    SCHNEIDER ELECT SA UNSP A D R 10,838 13,783
    SEADRILL LIMITED 1,262 312
    SECOM COMPANY LIMITED A D R 11,469 16,631
    SILICONWARE PRECISION IND CO 943 968
    SINGAPORE TELECOMMUNICATIONS    
    SONY FINANCIAL HOLD A D R 9,478 13,013
    SUNCOR ENERGY INC 30 28
    SWATCH GROUP AG A D R 7,564 8,250
    SWISS RE LTD SPN A D R 6,680 9,656
    SYNGENTA A G A D R 7,125 8,647
    SYSMEX CORP UNSPON A D R 8,441 26,859
    TAIWAN SEMICONDUCTOR A D R 28,368 35,774
    TECHNIP-COFLEXIP A D R 4,245 1,964
    TESCO PLC A D R 4,593 3,085
    TEVA PHARMACEUTICAL INDS LTD 20,275 35,752
    TOKYO ELECTRON LTD ADR 934 1,016
    TOTO LTD 619 1,385
    TURKIYE GARANTI BANKASI AS ADR 13,036 9,843
    UNI CHARM CORPORATION A D R 20,281 25,972
    UNILEVER N V A D R 4,054 5,424
    UNILEVER PLC SPSD ADR 6,742 9,021
    VODAFONE GROUP PLC A D R 18,297 17,870
    WPP PLCSPONSORED A D R 18,371 33,966
    IPATH DOW JONES UBS COMMODITY 384,520 255,554
    NUVEEN REAL ESTATE SECS 489,132 544,701
    HIGHLAND LONG SHORT EQ FND 509,673 553,025
    AAON INC 6,312 13,092
    AARONS INC 1,265 1,590
    ABBVIE INC 8,238 17,082
    ALLIANCE DATE SYSTEMS 9,040 12,927
    APOGEE ENTERPRISES 6,026 10,208
    ASTEC INDUSTRIES 8,310 9,316
    ASTRONICS CORP 765 1,964
    ATRION CORP 2,709 4,847
    BADGER METER 3,087 3,529
    BALCHEM 3,105 4,590
    BLACKBAUD 112 245
    C J ENERGY SERVICES 499 251
    CABELAS INC    
    CAL MAINE FOODS 6,252 16,248
    CARBO CERAMICS 3,664 1,807
    CINTAS CORP 7,009 11,372
    COACH INC 31,501 23,244
    COHEN & STEERS 6,541 5,687
    COMPUTER PROGRAMS & SYSTEMS 20,700 18,661
    COOPER COS 8,585 12,390
    COPART INC 14,714 15,133
    CPI AEROSTRUCTURES 2,326 2,009
    CUBIC CORP 4,514 4,393
    CVS CAREMARK 12,158 23,844
    DAWSON GEOPHYSICAL 309 186
    DRIL QUIP 7,102 4,731
    EAGLE MATERIALS    
    EQUIFAX 6,752 10,928
    F E I CO 7,612 9,715
    FACTSET RESEARCH SYSTEMS 12,541 19,714
    FAMILY DOLLAR STORES    
    FIRST LONG ISLAND CORP 3,312 3,623
    FLIR SYSTEMS 458 523
    FLOWERS FOODS 9,068 10,505
    FOSTER L B CO 13,505 8,805
    KINDER MORAN MGMT LLC FRAC    
    GORMAN RUPP 17,608 18,538
    GRAHAM CORP 6,842 5,060
    GRANITE CONSTRUCTION 24,694 23,066
    GULF IS FABRICATION 9,209 4,290
    GULFMARK OFFSHORE 8,769 2,016
    H E I C O CORP 11,530 14,470
    HARDINGE 6,547 4,208
    HAWKINS INC 4,580 4,305
    HEARTLAND EXPRESS 6,385 9,364
    HIBBETT SPORTS 19,836 17,081
    HUBBELL INC 1,701 1,879
    HUNT J B TRANS SVCS 10,583 11,945
    ICU MED 3,620 5,695
    INGREDION INC    
    J & J SNACK FOODS 16,803 28,406
    JACK HENRY & ASSOCIATES 9,530 15,090
    JARDEN CORP 7,703 15,840
    JOHNSON OUTDOORS 3,686 3,545
    K M G CHEMICALS 4,679 5,065
    L S I INDUSTRIES 5,123 8,058
    LAKELAND INDUSTRIES 2,073 4,127
    LOWES CO 8,711 15,398
    M F R I INC 3,301 2,205
    M T BANK CORP 29,785 34,230
    MARCUS CORP 25,423 28,568
    MARTEN TRANSPORTATION LTD 1,938 2,676
    ACCOR SA ADR 9,011 12,063
    ACE LTD 10,153 11,312
    ASTRAZENECA PLC SPSD ADR 45 68
    BAIDU COM INC ADR 3,082 5,870
    BANCO BILBAO VIZCAYA ARGEN ADR 21,169 19,552
    BAYERISCHE MOTOREN WERKE ADR 12,278 11,579
    BRITISH AMERN TOB PLC ADR 45,942 51,170
    CAPGEMINI SA ADR 222 431
    CHECK POINT SOFTWARE TECH LTD 8,814 14,216
    CITY TELECOM HK LTD ADR    
    CLICKSOFTWARE TECHNOLOGIES 140 214
    COMPANHIA PARANAENSE ENER ADR 244 203
    COVINDIEN PLC    
    DELHAIZE GROUP SPONS ADR 15,457 22,560
    DR REDDYS LABORATORIES LTD ADR 5,564 9,138
    FLY LEASING LTD ADR 21,045 23,011
    GRUPO SIMEC ADR    
    HIMAX TECHNOLOGIES INC ADR 3 7
    HONG KONG EXCHANGES ADR 4,328 7,452
    ICAP PLC ADR 856 1,112
    INDUSTRIAS BACHOCO SAB DE ADR 26,260 43,331
    INFINEON TECHNOLOGIES AG ADR 10,665 12,374
    KONINKLIJKE DSM NV ADR 9,266 7,249
    LG DISPLAY CO LTD ADR 1,957 1,569
    MELCO CROWN ENTERTAINMENT ADR 3,041 3,280
    MITSUBISHI ESTATE LTD ADR 19,765 17,819
    MITSUI & CO LTD SPSD ADR    
    MIZUHO FNL GRP ADR 15,323 20,088
    NATIONAL GRID PLC SP ADR 38,334 43,569
    NIDEC CORPORATION ADR 289 738
    NIPPON TELEGRAPH TELE ADR 23,494 36,776
    NTT DOCOMO INC ADR 36,581 48,040
    ORIX CORP SPONS ADR 2,433 3,206
    PT INDOSAT ADR    
    SANOFI ADR 9,624 10,960
    SHIRE PLC ADR 2,929 6,403
    SMITH & NEPHEW PLC ADR 2,320 3,812
    SUMITOMO MITSUI FINL GROUP ADR 33,375 33,586
    TOTAL SA ADR 3,147 2,563
    TOYOTA MTR CORP ADR 4,960 6,406
    TRINITY BIOTECH PLC SPON ADR 3,274 3,002
    WACOAL HOLDINGS CORP ADR 7,311 9,101
    WNS HOLDINGS LTD ADR 8,808 13,176
    XINYI GLASS HOLDINGS LTS ADR 1,669 970
    XINYUAN REAL ESTATE CO LTD ADR 7,142 4,118
    MERCADOLIBRE INC 8,844 13,592
    MERIT MED SYS 3,199 5,649
    MONARCH CASINO & RESORT 3,314 4,913
    MONRO MUFFLER BRAKE 8,021 12,840
    MONSTER BEVERAGE CORP    
    MORNINGSTAR INC 16,456 20,275
    NATIONAL PRESTO INDS 8,208 9,183
    NVE CORP 20,333 20,716
    OCEANEERING INTERNATIONAL 13,352 8,684
    OLD DOMINION FGHT LINE 2,225 3,731
    OMEGA FLEX 7,151 11,812
    PACKAGING CORP AMERICA 8,552 9,911
    PHILLIPS 66 11,617 14,390
    POOL CORPORATION 6,996 10,493
    POWELL INDS 4,969 2,387
    PRICE SMART 15,576 19,867
    PRICELINE COM    
    RAYMOND JAMES FINL 8,687 11,682
    RPC ENERGY SVCS 3,278 2,595
    SCANSOURCE 367 454
    SCHEIN HENRY 9,923 14,206
    SIFCO INDS 3,934 3,092
    SIRONA DENTAL SYSTEMS 21,620 29,889
    SMITH A O CORP 798 1,508
    SPAN AMERICA MEDICAL SYS 4,778 4,402
    STEPAN CO 102 98
    STURM RUGER & CO 30,989 35,532
    SUN HYDRAULICS CORP 6,133 7,438
    SYNALLOY CORP 4,904 3,956
    TEXAS ROADHOUSE 8,729 12,920
    THOR INDUSTRIES 2,803 2,682
    TIBCO SOFTWARE    
    UNIT CORP 20,241 9,234
    UNITED THERAPEUTICS CORP    
    UTAH MED PRODS 12,177 14,816
    VALUE LINE 825 1,001
    WEIS MKTS 7,641 6,874
    WERNER ENTERPRISES 2,259 2,739
    WHIRLPOOL CORP 9,339 12,619
    WOLVERINE WORLD WIDE 10,576 10,995
    ZEP INC    
    BALDWIN LYONS INC 2,738 2,472
    BANK OF NEW YORK MELLON CORP 6,738 9,244
    CAMDEN PPTY TR 13,971 16,882
    CARTERS INC 11,601 15,719
    CIVED CORP 2,087 304
    CLARCOR INC 11,525 11,793
    COLUMBUS MCKINNON CORP 5,742 5,208
    ESPEY MFG & ELECTRONICS CORP 5,191 5,331
    HINGHAM INSTITUTION FOR SAVING 3,086 4,719
    HONEYWELL INTERNATIONAL INC 11,865 13,446
    KOSS CORP 887 423
    M K S INSTRUMENTS INC 1,736 2,095
    MSA SAFETY INC 6,049 6,301
    OIL DRI CORP AMER 4,161 3,545
    NEW YORK COMMUNITY BANCORP INC 1,659 2,455
    NOW INC DE W I 1,664 1,061
    ONE GAS INC W I 28 45
    PIKE CORPORATION    
    SANDERSON FARMS INC 5,374 5,329
    DOUBLELINE TOTAL RET BD I    
    POSCO ADR    
    STARRETT L S CO 1,468 2,178
    TUPPERWARE BRANDS CORP 7,384 5,262
    UNITED HEALTH GROUP INC 11,952 17,724
    VERIZON COMMUNICATIONS INC 1,925 1,872
    AIRBUS GROUP NV A D R 13,324 22,580
    BARCLAYS PLC A D R 12,533 14,132
    CHUNGHWA TELECOM CO LTD A D R 11,477 11,799
    HITACHI LTD 9,881 10,146
    INFOSYS TECHNOLOGIES SP A D R 1,097 1,353
    KONINKIJKE PHILIPS NVR NY A D 9,101 7,231
    SEVEN & I HLDGS UNSPN A D R 16,689 20,828
    VISTAPRINT NV    
    WESTPAC BANKING CORP SP ADR 12,188 10,706
    TWIN DISC INC 5,740 3,671
    ABERDEEN FDS EMRGN 398,003 360,801
    AIA GROUP LTD A D R 15,063 27,712
    AIRGAS INC 662 612
    AMPCO-PITTSBURG CORP 2,401 1,730
    AVIANCA HOLDINGS A D R 27,010 19,927
    B T GROUP P L C A D R 1,240 1,445
    BAR HBR BANKSHARES 2,050 2,230
    BAYER AG A D R 12,371 12,707
    BOEING CO 13,030 14,417
    CANON INC SPONS A D R 46,899 46,548
    CARNIVAL PLC A D R 11,840 14,388
    CHEFS WAREHOUSE HOLDINGS LLC 12,059 9,580
    COLGATE PALMOLIVE CO 14,525 14,352
    DENSO CORPORATION A D R 11,019 12,047
    DISCOVER FINL SVCS 10,694 9,990
    DOLLAR TREE INC 179 174
    ELLIE MAE INC 21,911 40,637
    F5 NETWORKS INC 13,585 14,487
    FINANCIAL ENGINES INC 36 46
    FREIGHTCAR AMER INC 4,586 3,852
    FUCHS PETROLUB SE PREF A D R 546 597
    FURMANITE CORPORATION 3,639 3,038
    GENERAL MOTORS CO 5,625 5,294
    GLAXO SMITHKLINE P L C A D R 174 174
    GOOGLE INC CL A 7,500 16,438
    GOOGLE INC CL C 9,543 20,020
    GRACO INC 9,373 8,865
    HOMEAWAY INC 10,549 12,226
    HONG KONG TELEVISION NE A D R 1,503 1,258
    HOOKER FURNITURE CORP 5,446 7,809
    HUB GROUP INC CL A 11,728 14,535
    HYSTER YALE MATERIALS W I 2,824 2,910
    INTERCONTINENTAL HOTELS A D R 8,198 8,701
    KANSAS CITY LIFE INS CO 5,005 4,944
    KEWAUNEE SCIENTIFIC CORP 1,282 1,172
    KONINKLIJKE ROYAL KPN NV SP AD 10,661 13,697
    KOREA ELEC PWR CORP SPONSORED 601 711
    LAFARGEHOLCIM LTD UNSP A D R 10,146 10,039
    LENNOX INTERNATIONAL INC 9,976 12,515
    LINDE AG A D R 2,197 2,234
    LSB INDS INC 496 591
    MACYS INC 9,276 10,152
    MARKETAXESS HLDGS INC 25,582 34,719
    MARSH MCLENNAN COS INC 14,347 14,717
    MASTEC INC 11,270 11,169
    MCCORMICK CO NON VTG SHRS 10,268 13,696
    MEAD JOHNSON NUTRITION CO 18,875 16,706
    MEDTRONIC PLC 12,466 12,699
    METTLER TOLEDO INTL INC 11,923 13,842
    MIDDLEBY CORP 11,631 15,092
    MILLER INDUSTRIES INC 3,181 2,749
    NETEASE INC A D R 4,228 5,407
    NICE SYS LTD SPONSORED A D R 19,225 25,114
    NIELSEN NV 6,704 7,608
    OTSUKA HOLDINGS LTD A D R 3,138 3,556
    PAREXEL INTL CORP 10,395 11,447
    POLARIS INDS INC 9,188 9,183
    RELX NV SPON A D R 16,394 17,844
    SANDS CHINA LTD UNSPONS A D R 3,336 3,036
    SHUTTERSTOCK INC 15,401 14,212
    SKY PLC SPN A D R 16,485 20,945
    SNAP ON INC 9,627 12,030
    SOCIETE GENERALE SPONS ADR 8,679 10,616
    SYMRISE AG UNSPON A D R 5,739 6,159
    SYNOPSYS INC 13,812 16,625
    THE PRICELINE GROUP INC 14,666 26,115
    TOOTSIE ROLL INDS 1,096 1,201
    TORAY INDUSTRIES INC A D R 10,946 10,613
    UNIBAIL RODAMCO SE UNSP A D R 5,539 5,258
    WILLIAM HILL PLC UNSPON A D R 1,808 2,037
    WILLIAMS SONOMA INC 10,264 11,429
    SCRIPPS NETWORKS INTERACTIVE I 10,775 9,199

    TY 2014 OtherExpensesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 1,830 0   1,830
    WEBSITE MAINTENANCE 823 0   823


    TY 2014 OtherIncreasesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP FUND 97350810
    EIN: 93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,301 5,301   0
    FEDERAL TAX PAYMENT - PRIOR YE 6,436 0   0
    FEDERAL ESTIMATES - PRINCIPAL 9,520 0   0