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
W DUNCAN AND NIVIN MACMILLAN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5628   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554405628
A Employer identification number

26-2162073
B Telephone number (see instructions)

(952) 674-2800
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$23,468,047J 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 269 269  
4 Dividends and interest from securities...... 559,571 557,777  
5a Gross rents.............. 39,312 39,312  
b Net rental income or (loss) 39,312
6a Net gain or (loss) from sale of assets not on line 10 357,142
b Gross sales price for all assets on line 6a 626,439
7 Capital gain net income (from Part IV, line 2)... 357,142
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 96,857 81,881  
12 Total. Add lines 1 through 11........ 1,053,151 1,036,381  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,530 2,667   9,863
c Other professional fees (attach schedule)....        
17 Interest............... 83,111 82,925   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 68,552 24,132   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 181,453 181,406   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 345,646 291,130   9,888
25 Contributions, gifts, grants paid........ 3,985,603 3,985,603
26 Total expenses and disbursements. Add lines 24 and 25 4,331,249 291,130   3,995,491
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,278,098
b Net investment income (if negative, enter -0-) 745,251
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 420,079 166,543 166,543
3 Accounts receivable bullet27,939
Less: allowance for doubtful accounts bullet   27,939 27,939 27,939
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 8,471,173 Click to see attachment7,668,644 13,246,530
c Investments—corporate bonds (attach schedule)........ 2,737,627 Click to see attachment2,847,769 3,046,762
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 5,688,056 Click to see attachment6,511,881 6,980,273
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,004,000 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,348,874 17,222,776 23,468,047
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 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......... 18,000,000 18,000,000
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 2,348,874 -777,224
30 Total net assets or fund balances (see instructions)...... 20,348,874 17,222,776
31 Total liabilities and net assets/fund balances (see instructions).. 20,348,874 17,222,776
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 20,348,874
2 Enter amount from Part I, line 27a..................... 2 -3,278,098
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 152,000
4 Add lines 1, 2, and 3.......................... 4 17,222,776
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 17,222,776
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 PASS THROUGH LOSS US ALL CAP EQUITY P    
b PASS THROUGH GAIN US ALL CAP EQUITY P    
c PASS THROUGH GAIN GLOBAL EQUITY FUND P    
d PASS THROUGH GAIN GLOBAL EQUITY FUND P    
e PASS THROUGH 1256 GAIN GLOBAL EQUITY P    
PASS THROUGH 1256 GAIN GLOBAL EQUITY P    
PASS THROUGH 1256 GAIN GLOBAL BOND P    
PASS THROUGH 1256 GAIN GLOBAL BOND P    
PASS THROUGH LOSS GLOBAL BOND P    
PASS THROUGH LOSS GLOBAL BOND P    
PASS THROUGH LOSS INTERNATIONAL EQ II P    
PASS THROUGH GAIN INTERNATIONAL EQ II P    
PASS THROUGH 1256 LOSS INTERNATIONAL EQ II P    
PASS THROUGH 1256 LOSS INTERNATIONAL EQ II P    
  P    
PASS THROUGH LOSS REAL RETURN FUND P    
PASS THROUGH GAIN REAL RETURN FUND P    
PASS THROUGH 1256 LOSS REAL RETURN FUND P    
PASS THROUGH 1256 LOSS REAL RETURN FUND P    
PASS THROUGH GAIN TAXABLE BOND FUND P    
PASS THROUGH GAIN TAXABLE BOND FUND P    
PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND P    
PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND P    
PASS THROUGH 1231 LOSS NON TRADITIONAL STRATEGIES FUND P    
PASS THROUGH 1256 GAIN NON TRADITIONALSTRATEGIES FUND P    
PASS THROUGH 1256 GAIN NON TRADITIONAL STRATEGIES FUND P    
CAPITAL GAINS 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     26,878 -26,878
b 150,448     150,448
c 40,267     40,267
d 98,695     98,695
e 414     414
620     620
532     532
798     798
    1,123 -1,123
    23,646 -23,646
    14,341 -14,341
133,524     133,524
    382 -382
    573 -573
      0
    3,554 -3,554
1,865     1,865
    79,313 -79,313
    118,969 -118,969
3,181     3,181
11,586     11,586
5,340     5,340
161,236     161,236
    518 -518
3,391     3,391
5,087     5,087
9,455     9,455
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       -26,878
b       150,448
c       40,267
d       98,695
e       414
      620
      532
      798
      -1,123
      -23,646
      -14,341
      133,524
      -382
      -573
      0
      -3,554
      1,865
      -79,313
      -118,969
      3,181
      11,586
      5,340
      161,236
      -518
      3,391
      5,087
      9,455
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 2 357,142
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 1,048,850 21,956,788 0.047769
2012 447,603 19,351,266 0.023130
2011 489,401 16,192,095 0.030225
2010 484,705 15,228,255 0.031829
2009 403,626 11,379,927 0.035468
2 Total of line 1, column (d) ...................... 2 0.168421
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 0.033684
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 23,409,685
5 Multiply line 4 by line 3....................... 5 788,532
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,453
7 Add lines 5 and 6......................... 7 795,985
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,995,491
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 7,453
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 7,453
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 7,453
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 20,386
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,386
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,933
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet12,933 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSTEVEN HORNIG Telephone no.bullet (952) 674-2800
    Located atbulletPO BOX 5628MINNEAPOLISMN ZIP+4bullet554405628
    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
     
     
    .........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
    Yes
     
    .........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). Click to see attachment
    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
    NIVIN S MACMILLAN PRESIDENT
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    STEVEN A HORNIG SECRETARY/TREASURER
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    MICHELLA L JOHNSON DIRECTOR
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    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.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    23,285,255
    b
    Average of monthly cash balances.......................
    1b
    177,566
    c
    Fair market value of all other assets (see instructions)................
    1c
    303,357
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,766,178
    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
    23,766,178
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    356,493
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    23,409,685
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,170,484
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,170,484
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,453
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
    2,148
    c
    Add lines 2a and 2b............................
    2c
    9,601
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,160,883
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,160,883
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,160,883
    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
    3,995,491
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,995,491
    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
    7,453
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,988,038
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,160,883
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 918,716
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 3,995,491
    a Applied to 2013, but not more than line 2a 918,716
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 1,160,883
    e Remaining amount distributed out of corpus 1,915,892
    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 1,915,892
    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) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,915,892
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 1,915,892
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    STEVEN A HORNIG
    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
    ASCENSION CATHOLIC SCHOOL
    1726 DUPONT AVE N
    MINNEAPLOIS,MN55411     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 EAST 28TH STREET
    MINNEAPOLIS,MN55407     		NONE PUBLIC CHARITY MOTHER & BABY CENTER 150,000
    AMERICAN DAIBETES ASSOCIATION
    5100 GAMBLE DRIVE SUITE 394
    ST LOUIS PARK,MN55416     		NONE PUBLIC CHARITY UNRESTRICTED 100
    BOYS & GIRLS CLUB OF MARTIN COUNTY
    PO BOX 910
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 15,000
    BROWN UNIVERSITY
    PO BOX 1893
    PROVIDENCE,RI02912     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    CHILDREN'S THEATER
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    CHRIST MEMORIAL CHAPEL
    PO BOX 582
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 8,000
    EPISCOPAL HIGH SCHOOL
    4650 BISSONNET
    BELLAIRE,TX77401     		NONE PUBLIC CHARITY ANDREW H. H. KAUFMAN SCHOLARSHIP ENDOWMENT 2,000
    EVERGLADES FOUNDATION
    18001 OLD CUTLER ROAD SUITE 625
    PALMETTO BAY,FL33157     		NONE PUBLIC CHARITY JUPITER ISLAND ADVISORY BOARD 15,000
    GUTHRIE THEATER FOUNDATION
    PO BOX 86
    MINNEAPOLIS,MN55486     		NONE PUBLIC CHARITY UNRESTRICTED 30,000
    HIGHPOINT CENTER FOR PRINTMAKING
    912 LAKE STREET WEST
    MINNEAPOLIS,MN55408     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    HOBE SOUND COMMUNITY CHEST INC
    PO BOX 511
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 15,000
    HOBE SOUND NATURE CENTER
    PO BOX 214
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 3,000
    INTERFAITH OUTREACH
    110 GRAND AVENUE SOUTH
    WAYZATA,MN55391     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    JUPITER ISLAND GARDEN CLUB
    8965 SE BRIDGE ROAD 9
    HOBE SOUND,FL33455     		NONE PUBLIC CHARITY HARBOR ISLAND 500
    JUPITER ISLAND MEDICAL CLINIC
    100 ESTRADA SQUARE
    HOBE SOUND,FL33455     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    LAKE MINNETONKA GARDEN CLUB
    1190 LYMAN AV
    WAYZATA,MN55391     		NONE PUBLIC CHARITY BEE FUND FOR THE GARDEN FOR POLLINATORS 3,225
    LOAVES AND FISHES
    PO BOX 98
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 500
    MALTZ JUPITER THEATER
    1001 EAST INDIANTOWN ROAD
    JUPITER,FL33477     		NONE PUBLIC CHARITY ANNUAL FUND 2,000
    MIDWEST ART CONSERVATION CENTER
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY UNRESTRICTED 500
    MILKWEED EDITIONS
    1011 WASHINGTON AVE S OPEN BOCK 300
    MINNEAPOLIS,MN55415     		NONE PUBLIC CHARITY UNRESTRICTED 1,500
    MINNEAPOLIS HEART INSTITUTE
    920 EAST 28TH STREET SUITE 100
    MINNEAPOLIS,MN55407     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY ART PURCHASE 100,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY CHAIRMAN'S CIRCLE 50,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY UNRESTRICTED 10,200
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY ANNUAL GALA FOR PERIOD ROOM RENEWAL PROJECT 15,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY IN SUPPORT OF THE 100TH BIRTHDAY 250,000
    MINNESOTA LAND TRUST
    2536 UNIVERSITY AVENUE WEST SUITE
    240
    ST PAUL,MN55114     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		NONE PUBLIC CHARITY UNRESTRICTED 1,500
    MINNESOTA MUSEUM OF AMERICAN ART
    408 ST PETER STREET STE 419
    ST PAUL,MN55102     		NONE PUBLIC CHARITY UNRESTRICTED 250
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BOULEVARD
    APPLE VALLEY,MN55124     		NONE PUBLIC CHARITY UNRESTRICTED 300
    PROJECT FOR PRIDE IN LIVING
    1305 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY UNRESTRICTED 500
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVE
    ST PAUL,MN55109     		NONE PUBLIC CHARITY UNRESTRICTED 20,000
    ST JOHNS UNIVERSITY
    PO BOX 7222
    COLLEGEVILLE,MN56321     		NONE PUBLIC CHARITY SAINT JOHN'S POTTERY PROGRAM 500
    THE COWLES CENTER
    528 HENNEPIN AVE SUITE 200
    MINNEAPOLIS,MN55403     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    THREE RIVERS PARK DISTRICT-LOWERY NATURE CENTER
    PO BOX 270
    VICTORIA,MN55386     		NONE PUBLIC CHARITY TWIN CITIES OSPREY PROJECT 250
    TOWN OF JUPITER ISLAND EMPLOYEES CHRISTMAS FUND
    2 BRIDGE ROAD
    HOBE SOUND,FL33455     		NONE PUBLIC CHARITY UNRESTRICTED 500
    TRUST FOR PUBLIC LAND
    2610 UNIVERSITY AVE SUITE 300
    ST PAUL,MN55114     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    TWIN CITIES PUPLIC TELEVISION
    172 EAST 4TH STREET
    ST PAUL,MN55101     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    WALKER ART CENTER
    1750 HENNEPIN AVENUE
    MINNEAPOLIS,MN55403     		NONE PUBLIC CHARITY GARDEN FUND 1,000
    WESTTOWN SCHOOL
    975 WESTTOWN ROAD
    WEST CHESTER,PA19382     		NONE PUBLIC CHARITY LAKE FUND 50,000
    ROBIN'S BAY ENVIRONMENTAL SUMMER CAMP
    ROBINS BAY PA
    ROBINS BAY,ST MARY  
    JM     		NONE NC ENVIRONMENTAL SUMMER CAMP 4,978
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 EAST 28TH STREET
    MINNEAPLOIS,MN554073799     		NONE PUBLIC CHARITY GENERAL FUND 700
    SPRINGBOARD FOR THE ARTS
    308 PRINCE STREET SUITE 270
    ST PAUL,MN551011437     		NONE PUBLIC CHARITY SUPPORT DRAWING CONNECTIONS, INC 5,000
    THE ACADEMY OF MUSIC
    1 SOUTH BROAD ST 14TH FLOOR
    PHILADELPHIA,PA19107     		NONE PUBLIC CHARITY ACADEMY OF MUSIC RESTORATION FUND 200
    MINNESOTAN'S MILITARY APPRECIATION FUND
    PO BOX 2070
    MINNEAPOLIS,MN55402     		NONE PUBLIC CHARITY UNRESTRICTED 250
    CHRIST MEMORIAL CHAPEL
    PO BOX 582
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY ALPHA FUND 5,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY ART IN BLOOM 15,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPLOIS,MN55404     		NONE PUBLIC CHARITY ARTWORK 3,156,000
    JUPITER ISLAND HISTORICAL SOCIETY
    PO BOX 938
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 150
    Total .................................bullet 3a 3,985,603
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 269  
    4 Dividends and interest from securities....     14 559,571  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     14 39,312  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income..... 531390 14,976 14 81,881  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 357,142  
    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).. 14,976 1,038,175 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,053,151
    (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:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WAYCROSSE FEES 12,530 2,667   9,863

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 ExpenditureResponsibilityStmt
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
     
          		ROBINS BAY PA
    ROBINS BAY,ST MARY'S  
    JM     		2014-06-23 4,978 FUND ENVIRONMENTAL SUMMER DAY CAMP FOR 55 CHILDREN AGES 6 TO 12 FOR 8 DAYS INCLUDING PROVIDING A MORNING SNACK AND HOT LUNCH. 4,978 NONE 07/28/14 2014-07-28  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GLOBAL BOND FUND 948,149 948,613
    TAXABLE BOND FUND 1,899,620 2,098,149

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US ALL CAP EQUITY FUND 1,438,625 5,015,960
    GLOBAL EQUITY FUND 3,515,868 4,644,204
    INTERNATIONAL EQUITY FUND II 2,714,151 3,586,366

    TY 2014 InvestmentsOtherSchedule2
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NON-TRADITIONAL STRATEGIES FUND AT COST 4,256,762 4,500,524
    ARDEN HILLS ASSOCIATES AT COST 277,134 275,418
    REAL RETURN FUND AT COST 1,977,985 2,204,331

    TY 2014 OtherAssetsSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SETH EASTMAN LLC (ARTWORK) 3,004,000 0 0


    TY 2014 OtherExpensesSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN SECRETARY OF STATE 25 0   25
    INVESTMENT FEES - INTERNATIONAL EQUITY FUND II 11,418 11,418   0
    INVESTMENT FEES - TAXABLE BOND FUND 8,470 8,470   0
    INVESTMENT FEES - GLOBAL BOND FUND 9,021 9,021   0
    INVESTMENT FEES - U.S. ALL CAP FUND 14,233 14,233   0
    INVESTMENT FEES - GLOBAL EQUITY FUND 43,187 43,187   0
    NON-TRADITIONAL STRATEGIES FUND 76,537 76,537   0
    NON-TRADITIONAL STRATEGIES FUND-NDE 22 0   0
    INVESTMENT FEES - REAL RETURN FUND 18,540 18,540   0


    TY 2014 OtherIncomeSchedule2
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TAXABLE BOND FUND 18,760 18,760 18,760
    GLOBAL EQUITY FUND 5,425 5,425 5,425
    INTERNATIONAL EQUITY FUND II 23,555 23,555 23,555
    GLOBAL BOND FUND 26,292 26,292 26,292
    NON-TRADITIONAL STRATEGIES FUND - ROYALTY INCOME 961 961 961
    NON-TRADITIONAL STRATEGIES FUND - OTHER INCOME 6,888 6,888 6,888
    NON-TRADITIONAL STRATEGIES FUND - ORDINARY INCOME 15,317 0 15,317
    CRESTWOOD EQUITY PARTNERS -3 0 -3
    ENLINK MIDSTREAM -73 0 -73
    LEGACY RESERVES -232 0 -232
    REGENCY ENERGY PARTNERS -18 0 -18
    EXTERRAN PARTNERS -12 0 -12
    ENERGY TRANSFER PARTNERS -2 0 -2
    ENERGY TRANSFER EQUITY PARTNERS -1 0 -1


    TY 2014 OtherIncreasesSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    W DUNCAN AND NIVIN MACMILLAN FOUNDATION
    EIN: 26-2162073
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID - GLOBAL BOND FUND 357 357   0
    FOREIGN TAXES PAID - U.S. ALL CAP EQUITY FUND 86 86   0
    FOREIGN TAXES PAID - GLOBAL EQUITY FUND 5,430 5,430   0
    FOREIGN TAXES PAID - INTERNATIONAL EQUITY FUND II 11,945 11,945   0
    FEDERAL INCOME TAXES 44,420 0   0
    STATE TAXES PAID - NON-TRADITIONAL STRATEGIES FUND 88 88   0
    FOREIGN TAXES PAID - NON-TRADITIONAL STRATEGIES FUND 1,426 1,426   0
    STATE TAXES PAID 4,800 4,800   0