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
FRANCIS H FITZGERALD TR ESTATE 14272700
 

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

41-6053922
B Telephone number (see instructions)

(218) 723-2946
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$1,428,104J 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 7 7  
4 Dividends and interest from securities...... 40,467 40,467  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,537
b Gross sales price for all assets on line 6a 426,830
7 Capital gain net income (from Part IV, line 2)... 39,537
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........ 80,011 80,011  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,532 22,078   2,453
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 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,824 1,163   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 250 225   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,606 23,466 0 3,478
25 Contributions, gifts, grants paid........ 90,000 90,000
26 Total expenses and disbursements. Add lines 24 and 25 122,606 23,466 0 93,478
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -42,595
b Net investment income (if negative, enter -0-) 56,545
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...............   -1,020 -1,020
2 Savings and temporary cash investments.......... 60,025 49,362 49,362
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,011,592 Click to see attachment982,705 1,158,909
c Investments—corporate bonds (attach schedule)........ 223,554 Click to see attachment221,403 220,140
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1 Click to see attachment1 1
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment642 Click to see attachment712 Click to see attachment712
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,295,814 1,253,163 1,428,104
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) Click to see attachment572 Click to see attachment516
23 Total liabilities (add lines 17 through 22).......... 572 516
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,295,242 1,252,647
30 Total net assets or fund balances (see instructions)...... 1,295,242 1,252,647
31 Total liabilities and net assets/fund balances (see instructions).. 1,295,814 1,253,163
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 1,295,242
2 Enter amount from Part I, line 27a..................... 2 -42,595
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,252,647
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 1,252,647
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 147. MONDELEZ INTERNATIONAL W I   2013-09-26 2014-01-16
b 107. TAIWAN SEMICONDUCTOR A D R   2013-11-19 2014-01-16
c 56. KOHLS CORP   2013-09-26 2014-01-21
d 28. STARBUCKS CORP   2013-09-26 2014-01-21
e 9. CAPITAL ONE FINANCIAL CORP   2013-09-26 2014-01-22
40. REDWOOD TRUST INC   2013-09-26 2014-01-22
29. STARBUCKS CORP   2013-02-25 2014-01-22
1182. BOMBARDIER INC CL B   2013-10-10 2014-01-28
31. MARATHON OIL CORPORATION   2013-09-26 2014-01-31
72. MORGAN STANLEY   2013-09-26 2014-01-31
183. OLD REP INTL CORP   2013-09-26 2014-01-31
29. STATE STR CORP   2013-09-26 2014-01-31
339. CISCO SYS INC   2013-09-26 2014-02-03
38. HITACHI LTD ADR 10 COM   2013-09-26 2014-02-07
204. SONY FINANCIAL HOLD A D R   2013-09-26 2014-02-07
215. TESCO PLC A D R   2013-09-26 2014-02-07
29. WALGREEN CO   2013-09-26 2014-02-18
.8 STARWOOD WAYPOINT RESIDE W I   2014-01-31 2014-02-28
28.4016 VERIZON COMMUNICATIONS   2014-02-24 2014-02-28
94. AISIN SEIKO CO LTD UNSP A D R   2013-12-03 2014-03-04
184. ASAHI KASEI CORP A D R   2013-02-22 2014-03-04
65. ASAHI KASEI CORP A D R   2013-09-26 2014-03-04
26. DBS GROUP HLDGS LTD   2013-09-26 2014-03-13
45. DBS GROUP HLDGS LTD   2013-02-22 2014-03-13
4. MITSUI & CO LTD SPSD ADR   2013-09-26 2014-03-13
8. MITSUI & CO LTD SPSD ADR   2013-03-12 2014-03-13
.8082 VERIZON COMMUNICATIONS   2013-02-25 2014-03-13
.0025 VERIZON COMMUNICATIONS   2014-02-24 2014-03-13
.8181 VODAFONE GROUP PLC A D R   2013-02-25 2014-03-13
.909 VODAFONE GROUP PLC A D R   2013-02-22 2014-03-13
20. GLAXO SMITHKLINE P L C A D R   2013-02-25 2014-03-19
15. KNOWLES CORP   2013-09-26 2014-03-19
17. KNOWLES CORP   2013-02-25 2014-03-19
37. PFIZER INC   2013-02-25 2014-03-19
225. SYMANTEC CORP   2013-09-26 2014-03-21
62. KOMATSU LTD A D R REPSTG 4 ORD SHS   2013-02-22 2014-04-03
90. KOMATSU LTD A D R REPSTG 4 ORD SHS   2013-09-26 2014-04-03
319. WINDSTREAM HOLDINGS INC   2013-09-26 2014-04-10
91. WINDSTREAM HOLDINGS INC   2013-02-25 2014-04-10
105. CONAGRA FOODS INC   2013-12-16 2014-04-14
63. CONAGRA FOODS INC   2013-02-25 2014-04-14
68. XYLEM INC   2013-03-22 2014-04-14
66. XYLEM INC   2013-09-26 2014-04-14
521.946 E I I INTL PPTY I   2013-05-07 2014-04-17
2642.203 NUVEEN REAL ESTATE SECS I   2011-12-23 2014-04-17
5. ASTRAZENECA P L C SPSD A D R   2013-09-26 2014-04-28
60. ASTRAZENECA P L C SPSD A D R   2013-02-25 2014-04-28
25. MARATHON OIL CORPORATION   2013-09-26 2014-04-28
57. MARATHON OIL CORPORATION   2013-02-25 2014-04-28
22. SAP SE SPONSORED A D R   2013-09-26 2014-04-29
28. SAP SE SPONSORED A D R   2013-02-22 2014-04-29
35. CAPGEMINI SA A D R   2013-05-21 2014-05-12
90. CAPGEMINI SA A D R   2013-02-22 2014-05-12
12. HASBRO INC   2013-02-25 2014-05-13
15. COVIDIEN PLC   2013-02-25 2014-05-13
85. EXELON CORPORATION   2013-09-26 2014-05-21
16. WALGREEN CO   2013-02-25 2014-05-22
14. LYONDELLBASELL INDUSTRIES CL A   2013-03-01 2014-05-23
87. NIPPON TELEGRAPH TELE A D R   2013-04-11 2014-06-04
80. TECHNIP-COFLEXIP A D R   2013-02-22 2014-06-04
44. TECHNIP-COFLEXIP A D R   2013-09-26 2014-06-04
14. KOHLS CORP   2013-09-26 2014-06-09
40. STARWOOD WAYPOINT RESIDE W I   2014-01-31 2014-06-23
21. DOW CHEM CO   2013-02-25 2014-06-24
28. KOHLS CORP   2013-09-26 2014-06-24
185. BANK OF AMERICA CORP   2013-02-25 2014-07-01
39. BEST BUY CO INC   2013-09-26 2014-07-01
206. ICAP PLC A D R   2013-02-22 2014-07-01
94. ICAP PLC A D R   2013-09-26 2014-07-01
.9284 KONINKLIJKE PHILIPS NVR NY A D R   2013-09-26 2014-07-07
938. PORTUGAL TELECOM, SGPS S.A.   2014-04-29 2014-07-17
47. TWENTY FIRST CENTURY FOX INC   2014-04-14 2014-07-23
44. TWENTY FIRST CENTURY FOX INC   2014-04-14 2014-07-24
7. POLARIS INDS INC   2013-03-25 2014-07-31
64. TWENTY FIRST CENTURY FOX INC   2014-04-14 2014-07-31
26. TEXAS INSTRUMENTS INC   2013-02-25 2014-08-04
9. TEXAS INSTRUMENTS INC   2013-02-25 2014-08-05
29. TEXAS INSTRUMENTS INC   2013-09-26 2014-08-05
42. APPLE INC   2013-07-02 2014-08-07
3. POLARIS INDS INC   2013-03-25 2014-08-07
792.942 AMERICAN CENTY INTL BOND FD INSTL   2013-05-07 2014-08-08
70. KAO CORP A D R   2013-02-22 2014-08-08
54. KAO CORP A D R   2013-09-26 2014-08-08
39. OCEANEERING INTERNATIONAL INC   2014-01-31 2014-08-20
122. BANCO BILBAO VIZCAYA ARGEN A D R   2014-03-13 2014-08-27
25. BANCO BILBAO VIZCAYA ARGEN A D R   2013-04-11 2014-08-27
7. WYNN RESORTS LTD   2014-07-31 2014-09-02
133. B A E SYSTEMS P L C A D R   2014-02-07 2014-09-10
295. BANK OF AMERICA CORP   2013-02-25 2014-09-12
7. BANK OF AMERICA CORP   2013-09-26 2014-09-12
90. CITIGROUP INC   2013-02-25 2014-09-12
160. MORGAN STANLEY   2013-02-25 2014-09-12
69. STATE STR CORP   2013-02-25 2014-09-12
38. STATE STR CORP   2013-09-26 2014-09-12
338. IPSEN SA SPONSORED A D R   2013-11-19 2014-09-19
26. REGAL BELOIT CORP   2013-09-26 2014-09-23
17. REGAL BELOIT CORP   2013-09-26 2014-09-24
6. REGAL BELOIT CORP   2013-07-29 2014-09-24
92. TRANSOCEAN LTD   2014-06-04 2014-09-25
6. WYNN RESORTS LTD   2014-07-31 2014-09-30
37. REGAL BELOIT CORP   2013-07-29 2014-10-08
151. STAPLES INC   2014-09-02 2014-10-08
56. VALERO ENERGY CORP   2014-08-20 2014-10-08
64. AVERY DENNISON CORP   2014-09-24 2014-10-09
202. TECK RESOURCES LIMITED   2014-03-21 2014-10-10
50. VODAFONE GROUP PLC A D R   2014-06-09 2014-10-10
117. VODAFONE GROUP PLC A D R   2013-09-26 2014-10-10
54. SM ENERGY CO   2014-05-22 2014-10-13
1566.355 SCOUT INTERNATIONAL FUND   2013-09-13 2014-10-13
11. OCCIDENTAL PETROLEUM CORPORATION   2014-01-16 2014-10-15
39. VERIZON COMMUNICATIONS   2014-02-24 2014-10-16
40. PROCTER & GAMBLE CO   2013-07-16 2014-10-23
21. PROCTER & GAMBLE CO   2014-10-10 2014-10-23
94. LVMH MOET HENNESSY A D R   2013-09-26 2014-11-04
2485.529 GOLDMAN SACHS COMM STRAT INS   2013-12-18 2014-11-12
. AMERICAN INTL GROUP INC     2014-12-02
42. SCHLUMBERGER LTD   2013-02-22 2014-12-05
129. SONY CORP A D R   2014-04-03 2014-12-05
1. CHEVRON CORPORATION   2013-09-26 2014-12-09
13. CHEVRON CORPORATION   2014-06-23 2014-12-09
34. PHILLIPS 66   2014-10-08 2014-12-09
465.285 T ROWE PRICE INTL GR&INC FD   2014-04-17 2014-12-11
68. WALGREEN CO   2013-09-26 2014-12-11
128. MAXIM INTEGRATED PRODS INC   2013-09-26 2014-12-12
104. SUNCOR ENERGY INC   2013-09-26 2014-12-12
18. CALIFORNIA RESOURCES CORP   2014-01-16 2014-12-15
20. CALIFORNIA RESOURCES CORP   2013-09-26 2014-12-15
79. GOLAR LNG LTD   2013-09-26 2014-12-19
.8 CALIFORNIA RESOURCES CORP   2013-02-25 2014-12-23
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 5,209   4,303 906
b 1,928   1,910 18
c 2,945   2,934 11
d 2,067   2,111 -44
e 653   622 31
757   808 -51
2,144   1,565 579
4,111   5,179 -1,068
1,006   1,087 -81
2,105   1,955 150
2,851   2,505 346
1,939   1,936 3
7,357   7,645 -288
2,914   2,514 400
3,310   3,451 -141
3,397   3,733 -336
1,870   1,584 286
22   23 -1
1,345   1,367 -22
3,275   3,793 -518
2,564   2,228 336
906   991 -85
1,295   1,376 -81
2,242   2,216 26
1,143   1,207 -64
2,286   2,368 -82
37   37  
       
31   37 -6
35   42 -7
1,091   891 200
478   444 34
542   408 134
1,165   1,002 163
4,079   5,326 -1,247
1,301   1,581 -280
1,889   2,277 -388
2,775   2,453 322
792   708 84
3,229   3,256 -27
1,937   2,131 -194
2,381   1,955 426
2,311   1,865 446
10,016   11,149 -1,133
58,128   47,820 10,308
382   260 122
4,578   2,705 1,873
905   876 29
2,062   1,917 145
1,751   1,645 106
2,228   2,208 20
1,221   907 314
3,140   2,272 868
666   489 177
1,081   855 226
2,859   2,594 265
1,111   661 450
1,373   816 557
2,642   1,989 653
2,123   2,215 -92
1,168   1,327 -159
750   730 20
1,052   1,154 -102
1,117   654 463
1,485   1,427 58
2,875   2,083 792
1,212   1,501 -289
2,555   2,212 343
1,166   1,157 9
30   31 -1
2,234   3,932 -1,698
1,536   1,501 35
1,447   1,405 42
1,039   635 404
2,050   2,044 6
1,203   887 316
413   307 106
1,332   1,170 162
3,961   2,514 1,447
440   272 168
11,426   11,149 277
2,787   2,219 568
2,150   1,682 468
2,659   2,666 -7
1,496   1,526 -30
306   231 75
1,303   1,521 -218
3,890   3,775 115
4,931   3,322 1,609
117   98 19
4,736   3,796 940
5,567   3,643 1,924
5,075   3,941 1,134
2,795   2,537 258
4,189   3,820 369
1,698   1,784 -86
1,114   1,167 -53
393   426 -33
3,017   3,861 -844
1,117   1,304 -187
2,427   2,564 -137
1,728   2,233 -505
2,502   3,027 -525
2,747   2,997 -250
3,241   4,240 -999
1,553   1,744 -191
3,635   6,391 -2,756
3,139   4,174 -1,035
52,724   55,493 -2,769
921   1,009 -88
1,856   1,876 -20
3,316   3,243 73
1,741   1,788 -47
3,119   3,431 -312
11,955   13,944 -1,989
141     141
3,635   2,602 1,033
2,864   2,344 520
107   123 -16
1,391   1,727 -336
2,322   2,615 -293
6,900   7,389 -489
4,849   3,143 1,706
3,915   3,905 10
2,878   3,405 -527
94   144 -50
104   154 -50
2,753   3,011 -258
5   6 -1
      26,492
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       906
b       18
c       11
d       -44
e       31
      -51
      579
      -1,068
      -81
      150
      346
      3
      -288
      400
      -141
      -336
      286
      -1
      -22
      -518
      336
      -85
      -81
      26
      -64
      -82
       
       
      -6
      -7
      200
      34
      134
      163
      -1,247
      -280
      -388
      322
      84
      -27
      -194
      426
      446
      -1,133
      10,308
      122
      1,873
      29
      145
      106
      20
      314
      868
      177
      226
      265
      450
      557
      653
      -92
      -159
      20
      -102
      463
      58
      792
      -289
      343
      9
      -1
      -1,698
      35
      42
      404
      6
      316
      106
      162
      1,447
      168
      277
      568
      468
      -7
      -30
      75
      -218
      115
      1,609
      19
      940
      1,924
      1,134
      258
      369
      -86
      -53
      -33
      -844
      -187
      -137
      -505
      -525
      -250
      -999
      -191
      -2,756
      -1,035
      -2,769
      -88
      -20
      73
      -47
      -312
      -1,989
      141
      1,033
      520
      -16
      -336
      -293
      -489
      1,706
      10
      -527
      -50
      -50
      -258
      -1
       
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 39,537
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 92,278 1,453,129 0.063503
2012 84,474 1,411,823 0.059833
2011 83,917 1,413,764 0.059357
2010 163,283 1,348,689 0.121068
2009 77,225 1,267,382 0.060933
2 Total of line 1, column (d) ...................... 2 0.364694
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 0.072939
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,480,795
5 Multiply line 4 by line 3....................... 5 108,008
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 565
7 Add lines 5 and 6......................... 7 108,573
8 Enter qualifying distributions from Part XII, line 4.............. 8 93,478
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 1,131
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 1,131
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 1,131
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,356
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 3,356
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,225
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,131 RefundedBullet 11 1,094
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (218) 723-2946
    Located atbullet130 WEST SUPERIOR STDULUTHMN ZIP+4bullet55802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK NATIONAL ASSOCIATION TRUSTEE
    8     		24,532    
    130 W SUPERIOR ST
    DULUTH,MN55802
    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
    1,454,025
    b
    Average of monthly cash balances.......................
    1b
    49,320
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,503,345
    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
    1,503,345
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    22,550
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,480,795
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    74,040
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    74,040
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,131
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,131
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    72,909
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    72,909
    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
    72,909
    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
    93,478
    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
    93,478
    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
    93,478
    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 72,909
    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....... 14,488
    b From 2010....... 96,765
    c From 2011....... 13,583
    d From 2012....... 14,928
    e From 2013....... 26,328
    fTotal of lines 3a through e......... 166,092
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 93,478
    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..... 72,909
    e Remaining amount distributed out of corpus 20,569
    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 5 186,661
    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) ...     		14,488
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		172,173
    10 Analysis of line 9:
    a Excess from 2010.... 96,765
    b Excess from 2011.... 13,583
    c Excess from 2012.... 14,928
    d Excess from 2013.... 26,328
    e Excess from 2014.... 20,569
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    FRANCIS H FITZGERALD TRUST
    ATTN SUE RAW
    EDUCATION SERVICE FIFE COUNCIL
      SCOTLANDKY7 5PQ
    UK     		NONE N/A STUDENT SCHOLARSHIPS 90,000
    Total .................................bullet 3a 90,000
    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 ............     		    14 7  
    4 Dividends and interest from securities....     14 40,467  
    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 39,537  
    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)..   80,011  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1380,011
    (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:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HEWLETT PACK CO 8,165 11,116
    AMERICAN CENTY INTL BOND FD    
    DRIEHAUS ACTIVE INCOME FUND 34,117 33,633
    GOLDMAN SACHS COMM STRAT INS    
    LOOMIS SAYLES STRATEGIC ALPHA 9,524 8,991
    NUVEEN HIGH INCOME BOND FD 14,272 12,888
    NUVEEN SHORT TERM BOND FD 84,247 83,794
    OPPENHEIMER SR FLOAT 56,301 54,555
    NEUBERGER BERMAN LONG SH INS 14,777 15,163

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Name of Stock End of Year Book Value End of Year Fair Market Value
    OTSUKA HOLDINGS LTD ADR 3,943 3,827
    PFIZER INC 15,149 18,628
    INTEL CORP 6,563 11,214
    SCHLUMBERGER LTD    
    EXXON MOBIL CORP 18,235 17,843
    APPLE COMPUTER INC 1,309 6,954
    PHILIP MORRIS INTL 2,057 3,991
    NEUBERGER BERMAN GENESIS INSTL 42,465 62,113
    ROWE T PRICE MID-CAP GROWTH 64    
    ROWE T PRICE MID-CAP VALUE FD    
    SCOUT INTERNATIONAL FUND    
    ABERDEEN FDS EMRGN MKT INSTL 64,429 63,861
    NUVEEN REAL ESTATE SECURIT CL 17,489 24,415
    BLACKROCK EMERGING MKTS 15,146 15,257
    E I I INTL PPTY I    
    HIGHLAND LONG SHORT EQITY FD 13,780 14,339
    MORGAN DEMPSEY SMALL MICRO VAL 11,149 11,846
    TEMPLETON INSTL EMERGING MKT 5,478 2,485
    KONINKLIJKE DSM 2,973 2,869
    MICROSOFT CORP 4,492 6,875
    EXELON CORPORATION    
    CONOCOPHILLIPS 2,579 4,144
    ALTRIA GROUP INC. 4,660 6,553
    ANADARKO PETROLEUM CORP. 8,205 7,838
    BANK OF AMERICA CORP 6,641 8,444
    BANKUNITED INC. 1,980 1,970
    BEST BUY CO INC. 4,562 7,289
    C M S ENERGY CORP 4,341 5,491
    CA INC 7,041 7,795
    CAPITAL ONE FINANCIAL CORP. 4,448 6,274
    CENTURYLINK INC. 6,316 7,243
    CHEVRON CORPORATION 12,493 11,779
    CINEMARK HLDGS INC. 3,614 4,305
    CISCO SYS INC.    
    CITIGROUP INC. 8,671 9,956
    COMERICA INC. 3,980 4,450
    COMMUNITY BK SYS INC. 2,383 2,898
    CONAGRA FOODS INC    
    DOVER CORP. 4,323 4,590
    DOW CHEM CO 4,804 5,838
    EMERSON ELEC CO 4,024 4,074
    FIFTH THIRD BANCORP 6,217 7,172
    GENERAL DYNAMICS CORP 3,706 6,606
    GENERAL ELECTRIC CO 21,424 22,111
    HASBRO INC. 4,630 5,719
    J P MORGAN CHASE 9,608 11,390
    JOHNSON JOHNSON 8,156 10,457
    KOHLS CORP    
    LIBERTY PPTY TR 3,808 3,801
    LINCOLN NATL CORP IND 3,967 5,594
    LOWES CO INC 3,758 6,054
    M T BANK CORP 6,087 6,783
    MARATHON OIL CORPORATION    
    MAXIM INTEGRATED PRODS INC    
    MERCK AND CO INC 13,393 16,299
    MFA FINANCIAL INC. 3,895 3,899
    MID-AMER APT CMNTYS INC 2,190 2,464
    MONDELEZ INTERNATIONAL W I    
    MORGAN STANLEY 2,323 3,376
    NATIONAL RETAIL PROPERTIES INC 2,734 3,504
    OCCIDENTAL PETROLEUM CORP. 8,406 7,819
    OLD REP INTL CORP    
    P N C FINANCIAL SERVICES GROUP 5,913 7,025
    P P G INDS INC. 5,237 8,090
    P P L CORPORATION 4,673 5,558
    PINNACLE WEST CAP CORP 3,241 4,030
    POLARIS INDS INC. 5,740 7,864
    PRAZAIR INC. 3,430 3,887
    PROCTER & GAMBLE CO 10,829 12,479
    PRUDENTIAL FINANCIAL INC. 6,945 9,136
    REDWOOD TRUST 2,924 2,896
    REGAL BELOIT CORP    
    REGIONS FINI CORP 3,944 4,319
    ROCKWELL AUTOMATION INC. 2,461 2,780
    SIM CORP 1,860 2,334
    SPECTRA ENERGY CORP. 5,427 6,207
    STAPLES INC. 6,579 9,078
    STARBUCKS CORP    
    STARWOOD PROPERTY TRUST INC. 5,088 4,741
    STATE STR CORP    
    STRYKER CORP 2,057 2,830
    SUNTRUST BKS INC 5,786 7,710
    SYMANTEC CORP    
    TEXAS INSTRUMENTS INC    
    UNITED HEALTH GROUP 5,638 9,098
    UNITED TECHNOLOGIES CORP 4,668 7,360
    UNUM GROUP 4,932 5,825
    VERIZON COMMUNICATIONS INC 12,146 12,069
    WALGREEN CO.    
    WESTAR ENERGY INC. 4,739 6,310
    WHIRLPOOL CORP 5,237 7,943
    WINDSTREAM HOLDING INC    
    XYLEM INC    
    ACCOR SA ADR 3,355 3,996
    ALSIN SEIDO CO LTD UNSP ADR    
    AMERICA MOVIL ADR 3,684 4,125
    ASAHI KASEI CORP ADR    
    ASTRAZENECA PLC SPSD ADR 2,599 3,519
    AXA ADR 3,029 3,617
    BANCO BILBAO VIZCAYA ARGEN ADR 3,059 2,920
    BARCLAYS PIC ADR 3,706 3,272
    BOMBARDIER INC CL B    
    CAPGEMINI SA ADR    
    CARNIVAL CORP 4,279 5,712
    CHECK POINT SOFTWARE TECH LTD 3,583 5,264
    COVIDIEN PIC 5,145 8,592
    DAIMIER AG 4,311 5,933
    DBS GROUP HLDGS LTD    
    DEUTSCHE BOERSE AG UNSPN 3,310 3,568
    EATON CORP. PIC 6,485 6,796
    EUROPEAN AERO DEFENSE SPACE CO    
    GEA GROUP AG SPON ADR 3,445 3,997
    GLAXO SMITHKLINE PLC 4,909 4,359
    GOLAR LNG LTD    
    HEINEKEN NV SPN ADR 3,813 3,745
    HITACHI LTD 3,127 3,653
    ICAP PIC ADR    
    IPSEN SA SPONSORED ADR    
    JULIUS BAER GROUP LTD 3,324 3,624
    KAO CORP ADR    
    KOMATSU LTD ADR    
    KONINKLIJKE PHILIPS 3,707 3,393
    LVMH MOET HENNESSY LOU VUITT    
    LYONDELLBASELL INDUSTRIES CI A 6,004 6,351
    MITSUBISHI ESTATE LTD 3,081 2,657
    MITSUI & CO LTD SPSD    
    NIPPON TELEGRAPH TELE 3,387 3,278
    NOVARTIS AG ADR 3,527 4,540
    PORSCHE AUTOMOBIL HLDG SE 3,599 3,412
    REPSOL S.A. 3,275 2,787
    ROCHE HLDG LTD 4,942 5,370
    SAP AG ADR    
    SECOM COMPANY LIMITED 3,261 3,439
    SEVEN & I HLDGS UNSPN 5,660 5,481
    SONY FINANCIAL HOLD    
    SUMITOMO MITSU FINI GROUP 6,431 5,081
    SUNCOR ENERGY INC    
    TAIWAN SEMICONDUCTOR ADR 3,733 4,879
    TECHNIP-COFLEXIP ADR    
    TESCO PIC ADR    
    TORAY INDUSTRIES INC 3,821 4,336
    UNILEVER N V ADR 4,965 4,919
    VODAFONE GROUP PIC 7,157 5,946
    VODAFONE GROUP PIC SMA NUVEEN    
    WPP PIC SPONSORED ADR 3,043 3,748
    BOEING CO 6,620 6,759
    CVS HEALTH CORP 4,846 5,104
    CYPRESS SEMICONDUCTOR CORP 3,905 4,113
    DELTA AIR LINES INC 2,764 4,034
    DEVON ENERGY CORPORATION 3,020 2,877
    EOG RES INC 2,473 2,394
    HALLIBURTON CO 4,171 2,556
    HARTFORD FINANCIAL SVCS GRP IN 7,198 8,755
    OMNICOM GROUP INC 4,723 5,190
    NAVIENT CORP WD 3,322 4,949
    PITNEY BOWES INC 6,392 5,946
    RANGE RESOURCES CORP 2,830 2,405
    SIX FLAGS ENTERTAINMENT 5,630 6,990
    SYNOVUS FINANCIAL CORP 3,929 4,307
    T ROWE PRICE MID CAP GROWTH FD 49,698 82,463
    T ROWE PRICE MID CAP VALUE FD 48,585 72,688
    TIME WARNER CABLE INC 4,970 5,626
    XILINX INC 4,668 4,892
    AEGON NV NY REG SHR 3,854 3,180
    AIRBUS GROUP NV REG SHR 5,035 4,652
    B G GROUP PLC ADR 3,860 2,391
    BAYER AG ADR 3,777 3,832
    CAMBIAR INTL EQUITY FUND INS 14,777 13,812
    DENSO CORPORATION ADR 3,875 3,846
    DEUTSCHE PAST AG ADR 3,760 3,894
    ERICSSON LM TEL SP ADR 6,423 6,280
    GOLDCORP INC 2,948 1,963
    HOLCIM LTD UNSPON ADR 3,742 3,434
    HSBC HOLDINGS PLC SPONS ADR 3,763 3,353
    ICICI BANK LTD ADR 2,950 3,407
    KONINKLIJKE ROYAL KPN NV SPADR 3,777 3,119
    SIGNET JEWELERS LTD 2,861 3,684
    SKY PLC SPN ADR 5,895 5,293
    SOCIETE GENERALE SPONS ADR 3,846 2,962
    SONY CORP ADR 2,817 3,459
    SUNTORY BEVERAGE FOOD UADR 3,864 3,862
    TEVA PHARMACEUTICAL INDS LTD 7,205 8,339
    UNIBAIL RODAMCO SE UNSP ADR 5,481 5,571
    WILLIAM HILL PLC UNSPON ADR 3,822 3,301
    LS OPPORTUNITY 29,555 30,626
    OUTFRONT MEDIA INC 6,800 6,227

    TY 2014 InvestmentsOtherSchedule2
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINERAL INTEREST AT COST 1 1

    TY 2014 OtherAssetsSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 642 712 712


    TY 2014 OtherExpensesSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AG FILING FEES 25 0   25
    ADR FEES 225 225   0


    TY 2014 OtherLiabilitiesSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Description Beginning of Year - Book Value End of Year - Book Value
    ROC ADJ. 572 516


    TY 2014 TaxesSchedule
    Name:
    FRANCIS H FITZGERALD TR ESTATE 14272700
    EIN: 41-6053922
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 922 922   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,305 0   0
    FEDERAL TAX 3,356 0   0
    FOREIGN TAXES ON QUALIFIED FOR 236 236   0
    FOREIGN TAXES ON NONQUALIFIED 5 5   0