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
JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
 

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

26-1364910
B Telephone number (see instructions)

(513) 632-4393
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$11,096,185J 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).............. 4,022,193
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 218,663 217,713 950
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 322,814
b Gross sales price for all assets on line 6a 6,982,734
7 Capital gain net income (from Part IV, line 2)... 3,121,342
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).......   25,201  
12 Total. Add lines 1 through 11........ 4,563,670 3,364,256 950
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 76 0 0 76
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 22,842 20,558   2,284
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 29,656 6,756   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 4,237 16,129 4,212 25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 56,811 43,443 4,212 2,385
25 Contributions, gifts, grants paid........ 197,500 197,500
26 Total expenses and disbursements. Add lines 24 and 25 254,311 43,443 4,212 199,885
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,309,359
b Net investment income (if negative, enter -0-) 3,320,813
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............... 10,301 2,169,019 2,169,019
2 Savings and temporary cash investments.......... 226,448 1,220,199 1,220,199
3 Accounts receivable bullet4,948
Less: allowance for doubtful accounts bullet   5,671 4,948 4,948
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,178,211 Click to see attachment5,767,665 5,997,493
c Investments—corporate bonds (attach schedule)........ 929,511 Click to see attachment1,204,511 1,182,011
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 82,276 Click to see attachment492,512 522,515
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,432,418 10,858,854 11,096,185
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 attachment117,760
23 Total liabilities (add lines 17 through 22)..........   117,760
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......... 6,432,418 10,741,094
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 6,432,418 10,741,094
31 Total liabilities and net assets/fund balances (see instructions).. 6,432,418 10,858,854
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 6,432,418
2 Enter amount from Part I, line 27a..................... 2 4,309,359
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 267
4 Add lines 1, 2, and 3.......................... 4 10,742,044
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 950
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,741,094
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 300. ALTERA CORP   2011-12-22 2014-01-15
b 300. FLUOR CORP NEW   2011-12-22 2014-01-15
c 11500. ECOLAB INC   2010-02-16 2014-03-03
d 19621. POMONA CAPITAL VIII (OFFSHORE), LP   2013-12-17 2014-03-10
e 381.53 MADISON INTL RE LIQUIDITY FD V, LP   2014-01-07 2014-04-11
200. CHEVRONTEXACO CORP   2013-09-09 2014-05-14
78. MC DONALD'S CORP   2012-08-22 2014-05-14
378. V F CORP   2013-09-09 2014-05-14
17800. ISHARES MSCI EAFE ETF     2014-06-25
25. ABBOTT LABORATORIES   2013-09-09 2014-08-19
400. ABBOTT LABORATORIES   2012-08-22 2014-08-19
75. ANADARKO PETE CORP   2013-09-09 2014-08-19
300. AUTOMATIC DATA PROCESSING INC   2013-03-13 2014-08-19
300. CATERPILLAR INC     2014-08-19
400. CITIGROUP INC   2013-09-09 2014-08-19
700. COCA COLA CO   2012-08-22 2014-08-19
80. DEERE & CO   2013-03-13 2014-08-19
600. GENERAL MILLS INC COM W/RTS EXP 02/01/2006     2014-08-19
50. GOOGLE INC CL C   2012-10-02 2014-08-19
100. JOHNSON & JOHNSON   2013-03-13 2014-08-19
322. MC DONALD'S CORP   2012-08-22 2014-08-19
70. MCKESSON HBOC INC   2013-09-09 2014-08-19
440. MICROSOFT CORP     2014-08-19
700. MONDELEZ INTERNATIONAL W I   2012-08-22 2014-08-19
65. MONSANTO CO   2013-09-09 2014-08-19
300. NATIONAL OILWELL INC COM   2011-12-22 2014-08-19
75. NOW INC DE W I   2011-12-22 2014-08-19
300. ORACLE CORPORATION   2014-01-15 2014-08-19
1000. PFIZER INC   2012-08-22 2014-08-19
300. PHILIP MORRIS INTL   2011-04-07 2014-08-19
300. QUALCOMM INC   2011-04-19 2014-08-19
120. SCHLUMBERGER LTD   2011-12-22 2014-08-19
100. 3M CO COM   2013-09-09 2014-08-19
125. UNITEDHEALTH GRP INC COM   2014-05-14 2014-08-19
300. ACCENTURE PLC CL A   2012-08-22 2014-08-19
215. EATON CORP PLC   2013-09-09 2014-08-19
700. ECOLAB INC   2006-05-05 2014-08-26
2456. ACON LATIN AMER OPP FD IV, LP   2014-07-03 2014-09-09
854. NUVEEN REAL ESTATE SECS I   2013-03-13 2014-11-12
500. SPDR DOW JONES INTERNATIONAL ETF   2013-09-17 2014-11-12
400. NUVEEN REAL ESTATE SECS I   2013-03-13 2014-11-13
250. SPDR DOW JONES INTERNATIONAL ETF   2013-09-17 2014-11-13
13048. ECOLAB INC     2014-11-21
265. CHURCH AND DWIGHT CO INC   2014-08-19 2014-12-09
325. M D U RES GROUP INC   2014-08-19 2014-12-09
120. TARGET CORPORATION   2014-08-19 2014-12-09
500. TARGET CORPORATION   2012-01-13 2014-12-09
230. VALERO ENERGY CORP   2014-05-14 2014-12-09
2310. ALLERGAN INC     2014-12-29
179. AUTOZONE INC     2014-12-29
11264. CSX CORP     2014-12-29
181. CUMMINS INC.   2009-05-13 2014-12-29
5650. GENERAL MILLS INC COM W/RTS EXP 02/01/2006     2014-12-29
2382. HUMANA INC     2014-12-29
794. MONSTER BEVERAGE CORP   2010-08-16 2014-12-29
3916. NIKE INC CL B COM     2014-12-29
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 9,696   11,016 -1,320
b 24,366   15,033 9,333
c 1,234,213   483,345 750,868
d 19,621   14,616 5,005
e 382   382  
25,196   24,442 754
8,059   6,921 1,138
24,060   18,109 5,951
1,208,059   1,132,352 75,707
1,056   841 215
16,900   12,512 4,388
8,231   7,030 1,201
25,006   19,206 5,800
32,174   27,477 4,697
19,969   19,920 49
28,986   27,491 1,495
6,861   7,250 -389
31,896   26,452 5,444
29,330   19,093 10,237
10,251   7,832 2,419
30,491   28,571 1,920
13,603   8,645 4,958
19,857   13,538 6,319
25,305   18,815 6,490
7,798   6,614 1,184
25,116   18,364 6,752
2,439   2,065 374
12,331   11,505 826
28,869   23,660 5,209
25,544   19,608 5,936
22,530   16,029 6,501
13,117   8,180 4,937
14,402   11,636 2,766
10,385   9,739 646
24,102   18,225 5,877
14,866   14,158 708
80,638   26,728 53,910
2,456   2,456  
20,872   18,995 1,877
21,120   20,871 249
9,828   8,897 931
10,602   10,436 166
1,494,485   598,584 895,901
20,322   18,007 2,315
7,673   10,103 -2,430
8,785   7,122 1,663
36,604   24,916 11,688
11,047   12,955 -1,908
492,820   173,848 318,972
110,920   25,814 85,106
414,446   258,122 156,324
26,561   5,396 21,165
305,896   219,372 86,524
341,504   102,949 238,555
87,910   17,504 70,406
380,049   187,645 192,404
      43,129
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       -1,320
b       9,333
c       750,868
d       5,005
e        
      754
      1,138
      5,951
      75,707
      215
      4,388
      1,201
      5,800
      4,697
      49
      1,495
      -389
      5,444
      10,237
      2,419
      1,920
      4,958
      6,319
      6,490
      1,184
      6,752
      374
      826
      5,209
      5,936
      6,501
      4,937
      2,766
      646
      5,877
      708
      53,910
       
      1,877
      249
      931
      166
      895,901
      2,315
      -2,430
      1,663
      11,688
      -1,908
      318,972
      85,106
      156,324
      21,165
      86,524
      238,555
      70,406
      192,404
       
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 3,121,342
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 114,645 5,189,793 0.02209
2012 162,912 3,854,549 0.042265
2011 31,205 1,974,234 0.015806
2010 0 84,942 0.0
2009 0 4,768 0.0
2 Total of line 1, column (d) ...................... 2 0.080161
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 0.016032
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 7,627,701
5 Multiply line 4 by line 3....................... 5 122,287
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 33,208
7 Add lines 5 and 6......................... 7 155,495
8 Enter qualifying distributions from Part XII, line 4.............. 8 199,885
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 33,208
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 33,208
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 33,208
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 29,161
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 37,194
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 66,355
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 33,147
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet33,147 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNV
    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
     
    No
    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 ofbulletU S BANK N A Telephone no.bullet (513) 762-8877
    Located atbulletPO BOX 1118 ML CN-OH-07IVCINCINNATIOH ZIP+4bullet452011118
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JERRY A GRUNDHOFER PRESIDENT
    0     		0    
    C/O U S BANK POB 1118 ML CN-OH-W10
    CINCINNATI,OH45201
    LAUREN J GRUNDHOFER SECRETARY
    0     		0    
    C/O U S BANK POB 1118 ML CN-OH-W10
    CINCINNATI,OH45201
    KATHLEEEN A GRUNDHOFER TREASURER
    0     		0    
    C/O U S BANK POB 1118 ML CN-OH-W10
    CINCINNATI,OH45201
    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
    7,359,437
    b
    Average of monthly cash balances.......................
    1b
    384,422
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,743,859
    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
    7,743,859
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    116,158
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,627,701
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    381,385
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    381,385
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    33,208
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,208
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    348,177
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    348,177
    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
    348,177
    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
    199,885
    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
    199,885
    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
    33,208
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    166,677
    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 7 348,177
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 196,263
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 199,885
    a Applied to 2013, but not more than line 2a 196,263
    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..... 3,622
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		344,555
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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
    HARMON KILLEBREW-DANNY THOMPSON
    MEMORIAL CANCER FOUNDATION INC
    P O BOX 232
    SUN VALLEY,ID83353     		DIRECTOR PUBLIC LEUKEMIA AND CANCER 50,000
    CHICAGO JESUIT ACADEMY
    5058 W JACKSON BLVD
    CHICAGO,IL60644     		NONE PUBLIC EDUCATIONAL 10,000
    EISENHOWER MEDICAL CENTER
    39000 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270     		NONE PUBLIC MEDICAL RESEARCH 50,000
    ART INSTITUTE OF CHICAGO
    111 SOUTH MICHIGAN AV
    CHICAGO,IL60603     		NONE PUBLIC MAINTAIN AND OPERATE MUSEUM 16,000
    SEATTLE UNIVERSITY
    901 12TH AVE
    SEATTLE,WA98122     		NONE PUBLIC EDUCATIONAL 1,000
    BOYS & GIRLS CLUB OF SANTA MONICA
    1238 LINCOLN BLVD
    SANTA MONICA,CA90401     		NONE PUBLIC CHARITABLE 500
    LOYALA UNIVERSITY FUND
    7214 ST CHARLES AVE
    NEW ORLEANS,LA70118     		NONE PUBLIC EDUCATIONAL 5,000
    UNITED WAY OF SOUTHERN NEVADA
    5830 W FLAMINGO RD
    LAS VEGAS,NV89103     		NONE PUBLIC CHARITABLE 25,000
    FISHER HOUSE FOUNDATION
    111 ROCKVILLE PIKE
    ROCKVILLE,MD20850     		NONE PUBLIC CHARITABLE 10,000
    HUNTINGTON MEMORIAL HOSPITAL
    100 W CALIFORNIA BLVD
    PASADENA,CA91105     		NONE PUBLIC MEDICAL 25,000
    HUNTINGTON LIBRARY
    1151 OXFORD RD
    SAN MARINO,CA91108     		NONE PUBLIC CHARITABLE 5,000
    Total .................................bullet 3a 197,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 218,663  
    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 .............     		    18 322,814  
    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)..   541,477  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13541,477
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
     
    Employer identification number

    26-1364910
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
          		Employer identification number

    26-1364910
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    JERRY A GRUNDHOFER  
    CO U S BANK N A PO BOX 1118
    ML CN-OH-W10X
    CINCINNATI, OH45201

    		$1,986,130


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    JERRY A GRUNDHOFER  
    CO U S BANK N A PO BOX 1118
     
    CINCINNATI, OH45201

    		$1,362,897


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    JERRY A GRUNDHOFER  
    CO U S BANK N A PO BOX
     
    CINCINNATI, OH45201

    		$673,230


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
          		Employer identification number

    26-1364910
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 13,048 shs ECOLAB INC 114.965 PER SH 3492 shs ECOLAB INC 106.25 PER SH 794 shs MONSTER BEVERAGE CORP $ 1,986,065  
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 11,264 shs CSX CORP 35.995 PER SH 179 shs AUTOZONE INC 615.60 PER SH 2,382 shs HUMANA INC 148.97 PER $ 1,362,898  
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 3,916 shs NIKE INC 94.555 PER SH 5,650 shs GENERAL MILLS INC 53.62 PER SH $ 673,230  
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
          		Employer identification number

    26-1364910
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 ExplnOfNonFilingWithAGStmt
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Statement:
    NEVADA DOES NOT REQUIRE FILING WITH THE ATTORNEY GENERAL.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RET 350,185 351,859
    FEDERATED INST HI YLD 260,500 257,632
    LOOMIS SAYLES GLBL 281,000 269,870
    TCW EMERGING MKTS INCOME 312,826 302,650

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ECOLAB INC 371,025 364,984
    ALTERA CORP    
    CATERPILLAR    
    FLUOR CORP    
    NATIONAL OILWELL VARCO 14,146 14,417
    OCCIDENTAL PETROLEUM CORP 26,991 24,183
    PHILLIP MORRIS    
    QUALCOMM    
    SCHLUMBERGER LTD 12,270 15,374
    ABBOTT LABORATORIES 19,331 25,887
    AMERICAN EXPRESS CO 17,037 27,912
    APPLE INC 26,227 38,633
    COCA COLA CO    
    GOOGLE INC 63,360 68,986
    MCDONALDS CORP    
    MICROSOFT CORP 17,186 26,012
    MONDELEZ INTL    
    NIKE INC 43,344 48,075
    PFIZER INC    
    TARGET CORP    
    ACCENTURE PLC    
    ACE LTD 27,455 40,208
    I SHARES MSCI EAFE ETF    
    NUVEEN REAL ESTATE SEC 246,027 272,332
    OPPENHEIMER DEV MKTS CL Y 612,500 602,097
    RS GLOBAL NATL RES 225,000 149,424
    VANGUARD MIDCAP VALUE INX ADM 621,000 760,038
    VANGUARD SM CAP INX SIGNAL 440,000 508,083
    AQR MANAGED FUTURES 358,500 375,179
    EATON CORP PLC 12,092 12,573
    AMGEN 22,228 31,858
    ANADARKO PETROLEUM 34,614 33,000
    CHEVRON CORP    
    CITIGROUP    
    DEERE & CO 19,937 19,463
    JOHNSON & JOHNSON 23,496 31,371
    MCKESSON CORP 16,055 26,985
    MONSANTO 23,370 25,686
    T ROWE PRICE GROUP INC 28,381 33,485
    3M COMPANY 11,636 16,432
    V F CORP 20,217 31,608
    VISA INC 15,927 26,220
    WELLS FARGO 31,521 39,196
    AUTOMATIC DATA PROCESSING    
    BOEING CO 10,953 11,048
    CABOT OIL GAS CORP CL A 35,690 31,831
    CALIFORNIA RESOURCES CORP 975 661
    COSTCO WHSL CORP 18,043 21,263
    CVS HEALTH CORPORATION 23,783 28,893
    DANAHER CORP 17,196 19,285
    GRAINGER W W INC 20,626 20,391
    HEWLETT PACKARD CO 35,485 40,130
    HEXCEL CORP NEW 11,508 10,373
    HORMEL FOODS CORP 23,918 26,050
    J P MORGAN CHASE CO 56,260 59,451
    DOVER CORP 40,672 35,501
    LYONDELLBASELL INDUSTRIES CL A 12,829 13,099
    MATTHEWS ASIA GROWTH FD 725,000 696,782
    MICROCHIP TECHNOLOGY INC 56,214 54,583
    MYLAN INC 18,553 22,548
    P N C FINANCIAL SERVICES GROUP 57,503 61,124
    PRICELINE COM INC 23,642 23,944
    SALIENT MLP ENERGY INFRASTRUCT 125,000 137,749
    SANDISK CORP 35,738 36,743
    SEMPRA ENERGY 10,381 11,136
    SPDR DOW JONES INTERNATIONAL R 249,300 249,420
    SPLUNK INC 33,602 38,907
    T ROWE PRICE EUROPEAN STOCK 625,000 562,387
    TRINITY INDS INC 23,950 14,285
    UNITED HEALTH GROUP INC 17,141 22,240
    VERIZON COMMUNICATIONS INC 47,919 47,248
    WYNDHAM WORLDWIDE CORP 9,911 10,720
    GENERAL MILLS INC    

    TY 2014 InvestmentsOtherSchedule2
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    POMONA CAPITAL VIII LP AT COST 61,281 90,195
    MADISON INTL RE LIQUIDITY FD V AT COST 166,088 191,275
    ACON LATIN AMER OPP FD IV LP AT COST 21,423 13,388
    CORITHIAN EQUITY FUND II LP AT COST 117,760 117,760
    ENERGY CAPITAL PARTNERS III-B AT COST 46,050 35,842
    YUKON CAPITAL PARTNERS PAR II AT COST 79,910 74,055

    TY 2014 LegalFeesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WELLS LAW FIRM 76     76


    TY 2014 OtherDecreasesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MADISON INT'L DEDUCTIONS   3,523   0
    YUKON CAPITAL INV INT EXP   143   0
    YUKON CAPITAL DEDUCTION   6,326   0
    YUKON CAPITAL INV INT EXP   39   0
    YUKON CAPITAL DEDUCTION   150   0
    ACON LAT AM OPP INT PAYMENT 619 0 619 0
    YUKON CAPITAL INT PAYMENT 915 0 915 0
    MADISON V INT PAYMENT 2,678 0 2,678 0
    ENERGY CAPITAL DECUCTIONS   4,755   0
    CORINTHIAN EQUITY DEDUCTIONS   1,193   0
    NEVADA REGISTRATION FEE 25 0   25


    TY 2014 OtherIncomeSchedule2
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MADISON INT'L REAL ESTATE INT INCOME   45  
    MADISON INT'L REAL ESTATE LTCG   324  
    YUKON CAPITAL INT INCOME   1,385  
    YUKON CAPITAL OTHER INCOME   84  
    YUKON CAPITAL INT INCOME   1,149  
    YUKON CAPITAL OTHER INCOME   661  
    MIRELF V AIV EXEMPTS LP ORDINARY DIV   21,553  


    TY 2014 OtherIncreasesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Description Beginning of Year - Book Value End of Year - Book Value
    CORINTHIAN EQUITY FUND II LP   117,760


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSES - 2% 22,842 20,558   2,284


    TY 2014 TaxesSchedule
    Name:
    JERRY A AND KATHLEEN A GRUNDHOFER FAMILY
    EIN: 26-1364910
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 22,900 0   0
    FOREIGN TAXES ON QUALIFIED FOR 5,566 5,566   0
    FOREIGN TAXES ON NONQUALIFIED 1,190 1,190   0