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
THOMAS M GROSSMAN FAMILY CHARITABLE TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)4350 BAKER RD NO 230   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNETONKA, MN55343
A Employer identification number

27-3369472
B Telephone number (see instructions)

(952) 893-1277
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,878,323J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 72,536 72,536  
5a Gross rents.............. 101,007 101,007  
b Net rental income or (loss) 101,007
6a Net gain or (loss) from sale of assets not on line 10 56,757
b Gross sales price for all assets on line 6a 964,640
7 Capital gain net income (from Part IV, line 2)... 56,757
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 230,300 230,300 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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 16,045 15,748 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,045 15,748 0 0
25 Contributions, gifts, grants paid........ 717,051 717,051
26 Total expenses and disbursements. Add lines 24 and 25 733,096 15,748 0 717,051
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -502,796
b Net investment income (if negative, enter -0-) 214,552
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 2,279,906 1,777,110 1,878,323
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 2,279,906 1,777,110 1,878,323
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 2,279,906 1,777,110
30 Total net assets or fund balances (see instructions)...... 2,279,906 1,777,110
31 Total liabilities and net assets/fund balances (see instructions).. 2,279,906 1,777,110
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 2,279,906
2 Enter amount from Part I, line 27a..................... 2 -502,796
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,777,110
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,777,110
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 CVS HEALTH CORP P 2012-09-17 2014-01-09
b ZIMMER HLDGS INC P 2012-12-19 2014-01-09
c ZIMMER HLDGS INC P 2012-09-17 2014-01-09
d TOTAL SA ADR P 2012-09-17 2014-01-09
e TOTAL SA ADR P 2012-12-19 2014-01-09
ACE LIMITED P 2012-10-08 2014-01-09
ACCENTURE PLC CL A P 2012-09-17 2014-01-09
INTERNATIONAL BUS MACHINES P 2012-09-17 2014-02-12
INTERNATIONAL BUS MACHINES P 2012-09-17 2014-02-12
THERMO FISHER SCIENTIFIC P 2012-10-08 2014-02-12
THERMO FISHER SCIENTIFIC P 2012-12-19 2014-02-12
THERMO FISHER SCIENTIFIC P 2013-01-24 2014-02-12
THERMO FISHER SCIENTIFIC P 2012-09-17 2014-02-12
MACY'S INC P 2012-10-08 2014-02-12
MACY'S INC P 2012-12-19 2014-02-12
MACY'S INC P 2013-01-24 2014-02-12
INTERNATIONAL BUS MACHINES P 2012-12-19 2014-02-28
INTERNATIONAL BUS MACHINES P 2013-01-24 2014-02-28
INTERNATIONAL BUS MACHINES P 2012-09-17 2014-02-28
SINOPEC/CHINA PETE&CHM ADR P 2013-01-24 2014-03-19
SINOPEC/CHINA PETE&CHM ADR P 2012-12-19 2014-03-19
NIKON CORP PLC UNSPON-ADR P 2012-12-21 2014-03-19
NIKON CORP PLC UNSPON-ADR P 2013-01-24 2014-03-19
NIKON CORP PLC UNSPON-ADR P 2012-12-12 2014-03-19
NIKON CORP PLC UNSPON-ADR P 2012-12-12 2014-03-20
NIKON CORP PLC UNSPON-ADR P 2013-02-21 2014-03-20
WALGREEN CO P 2012-12-19 2014-03-21
WALGREEN CO P 2012-12-13 2014-03-21
TOTAL SA ADR P 2013-01-24 2014-03-21
ALLIANZ AKTIENGES ADR P 2012-09-17 2014-03-26
ALLIANZ AKTIENGES ADR P 2013-02-21 2014-03-26
ALLIANZ AKTIENGES ADR P 2012-10-09 2014-03-26
CHINA CONSTRUCTION ADR P 2012-12-19 2014-03-26
CHINA CONSTRUCTION ADR P 2013-02-14 2014-03-26
CHINA CONSTRUCTION ADR P 2013-02-21 2014-03-26
ALLIANZ AKTIENGES ADR P 2012-10-09 2014-03-27
CHINA CONSTRUCTION ADR P 2012-10-09 2014-03-27
CHINA CONSTRUCTION ADR P 2013-02-21 2014-03-27
CHINA CONSTRUCTION ADR P 2012-09-17 2014-03-27
CHINA CONSTRUCTION ADR P 2012-09-17 2014-03-28
TOTAL SA ADR P 2012-10-08 2014-03-31
TOTAL SA ADR P 2012-12-19 2014-03-31
TOTAL SA ADR P 2013-02-21 2014-03-31
AVAGO TECHNOLOGIES P 2012-11-30 2014-05-19
AVAGO TECHNOLOGIES P 2013-01-24 2014-05-19
AVAGO TECHNOLOGIES P 2013-03-28 2014-05-19
AVAGO TECHNOLOGIES P 2013-02-21 2014-05-19
OW SMALL & MID CAP FUND P 2013-03-28 2014-05-22
OW SMALL & MID CAP FUND P 2013-02-21 2014-05-22
ENI S.P.A. ADR P 2013-04-08 2014-05-28
TELE2 AB ADR P 2013-03-28 2014-06-04
TELE2 AB ADR P 2012-09-18 2014-06-04
TELE2 AB ADR P 2012-09-18 2014-06-09
TELE2 AB ADR P 2012-09-18 2014-06-10
TELE2 AB ADR P 2012-09-18 2014-06-12
TELE2 AB ADR P 2012-10-09 2014-06-12
TELE2 AB ADR P 2012-10-09 2014-06-16
TELE2 AB ADR P 2013-02-21 2014-06-16
TELE2 AB ADR P 2013-02-21 2014-06-17
TARGET CORP P 2012-09-17 2014-06-30
TARGET CORP P 2012-10-08 2014-06-30
TARGET CORP P 2013-03-20 2014-06-30
MUNICH RE GROUP ADR P 2012-12-19 2014-06-30
MUNICH RE GROUP ADR P 2013-01-24 2014-06-30
ENI S.P.A. ADR P 2012-10-08 2014-07-01
ENI S.P.A. ADR P 2013-02-21 2014-07-01
ENI S.P.A. ADR P 2013-03-28 2014-07-01
ENI S.P.A. ADR P 2013-04-08 2014-07-01
MUNICH RE GROUP ADR P 2013-01-24 2014-07-01
MUNICH RE GROUP ADR P 2013-02-21 2014-07-01
MUNICH RE GROUP ADR P 2012-09-17 2014-07-01
CENTURYLINK INC P 2012-09-17 2014-08-01
CENTURYLINK INC P 2012-10-08 2014-08-01
CENTURYLINK INC P 2013-01-24 2014-08-01
CENTURYLINK INC P 2013-02-21 2014-08-01
CENTURYLINK INC P 2013-03-28 2014-08-01
MUNICH RE GROUP ADR P 2012-09-17 2014-08-06
MUNICH RE GROUP ADR P 2012-09-17 2014-08-08
MUNICH RE GROUP ADR P 2012-09-17 2014-08-11
L BRANDS INC P 2013-08-01 2014-09-11
WALGREEN CO P 2012-12-13 2014-09-11
IMPERIAL TOBACCO LT ADR P 2013-01-24 2014-09-11
IMPERIAL TOBACCO LT ADR P 2012-09-17 2014-09-11
WEIR GROUP PLC ADR P 2013-07-30 2014-09-11
SUMITOMO METAL MIN CO LTD P 2013-08-14 2014-09-12
SUMITOMO METAL MIN CO LTD P 2013-08-14 2014-09-15
SUMITOMO METAL MIN CO LTD P 2013-08-16 2014-09-15
SUMITOMO METAL MIN CO LTD P 2013-08-16 2014-09-16
WEIR GROUP PLC ADR P 2013-07-31 2014-09-22
WEIR GROUP PLC ADR P 2013-09-17 2014-09-24
WEIR GROUP PLC ADR P 2013-09-20 2014-09-26
WEIR GROUP PLC ADR P 2013-09-17 2014-09-26
WEIR GROUP PLC ADR P 2013-07-31 2014-09-29
WEIR GROUP PLC ADR P 2013-09-17 2014-09-29
WEIR GROUP PLC ADR P 2013-07-29 2014-09-29
WEIR GROUP PLC ADR P 2013-07-29 2014-09-30
L BRANDS INC P 2013-08-01 2014-10-16
MARATHON OIL CORP P 2012-10-08 2014-10-16
MARATHON OIL CORP P 2012-12-19 2014-10-16
MARATHON OIL CORP P 2013-01-24 2014-10-16
MARATHON OIL CORP P 2013-02-21 2014-10-16
MARATHON OIL CORP P 2013-03-28 2014-10-16
AVAGO TECHNOLOGIES P 2013-08-27 2014-10-16
SANOFI - ADR P 2012-12-19 2014-11-03
SANOFI - ADR P 2013-01-24 2014-11-03
SANOFI - ADR P 2013-02-21 2014-11-03
SANOFI - ADR P 2012-10-08 2014-11-03
VOLKSWAGEN AG ADR P 2012-09-17 2014-11-04
VOLKSWAGEN AG ADR P 2012-10-08 2014-11-04
VOLKSWAGEN AG ADR P 2013-02-21 2014-11-04
VOLKSWAGEN AG ADR P 2013-03-01 2014-11-04
VOLKSWAGEN AG ADR P 2013-03-28 2014-11-04
SANOFI - ADR P 2012-09-17 2014-11-04
SANOFI - ADR P 2012-10-08 2014-11-04
J SAINSBURY SPN ADR NEW P 2013-06-14 2014-11-05
J SAINSBURY SPN ADR NEW P 2013-05-28 2014-11-05
AETNA INC NEW P 2012-12-19 2014-12-11
AETNA INC NEW P 2013-01-07 2014-12-11
AETNA INC NEW P 2012-11-05 2014-12-11
AMERICAN INTL GROUP INC P 2013-04-24 2014-12-11
APPLE INC P 2013-08-26 2014-12-11
CITIGROUP INC P 2012-10-08 2014-12-11
CITIGROUP INC P 2013-01-24 2014-12-11
CITIGROUP INC P 2013-02-21 2014-12-11
CUMMINS INC P 2013-11-05 2014-12-11
CVS HEALTH CORP P 2013-01-24 2014-12-11
ILLINOIS TOOL WORKS INC P 2013-03-20 2014-12-11
KEYCORP NEW P 2013-10-23 2014-12-11
KEYCORP NEW P 2013-10-24 2014-12-11
MYLAN INC P 2013-11-14 2014-12-11
MYLAN INC P 2013-11-12 2014-12-11
PFIZER INC P 2013-04-24 2014-12-11
QUALCOMM INC P 2013-01-24 2014-12-11
QUALCOMM INC P 2013-03-01 2014-12-11
THERMO FISHER SCIENTIFIC P 2012-09-17 2014-12-11
UNION PACIFIC CORP P 2013-09-24 2014-12-11
ZIMMER HLDGS INC P 2013-01-24 2014-12-11
ZIMMER HLDGS INC P 2013-02-21 2014-12-11
ZIMMER HLDGS INC P 2013-03-28 2014-12-11
ZIMMER HLDGS INC P 2012-09-17 2014-12-11
IMPERIAL TOBACCO LT ADR P 2012-09-17 2014-12-11
OW LARGE CAP STRATEGIES FD P 2013-09-25 2014-12-09
OW LARGE CAP STRATEGIES FD P 2013-03-28 2014-12-09
SINOPEC/CHINA PETE&CHM ADR P 2012-12-19 2014-12-11
ITOCHU CORP ADR P 2013-02-21 2014-12-11
ITOCHU CORP ADR P 2013-11-05 2014-12-11
ITOCHU CORP ADR P 2013-01-24 2014-12-11
BNP PARIBAS SPON ADR P 2013-03-20 2014-12-11
BNP PARIBAS SPON ADR P 2013-04-05 2014-12-11
CONOCOPHILLIPS P 2013-01-24 2014-12-11
CONOCOPHILLIPS P 2012-12-19 2014-12-11
CHINA TELECOM ADR P 2012-09-17 2014-12-11
CHINA TELECOM ADR P 2012-10-08 2014-12-11
CHINA TELECOM ADR P 2012-12-19 2014-12-11
J SAINSBURY SPN ADR NEW P 2013-05-28 2014-12-11
OW SMALL & MID CAP FUND P 2013-02-21 2014-12-09
OW SMALL & MID CAP FUND P 2013-01-24 2014-12-09
SVENSKA CL AKTIBLGT ADR P 2013-10-23 2014-12-11
BRIDGESTONE CORP ADR P 2013-07-05 2014-12-11
MACY'S INC P 2013-01-24 2014-12-11
MACY'S INC P 2013-02-21 2014-12-11
OW STRATEGIC OPPTYS FUND P 2013-01-24 2014-12-09
OW STRATEGIC OPPTYS FUND P 2013-02-21 2014-12-09
ACE LIMITED P 2013-01-24 2014-12-11
ACE LIMITED P 2013-02-21 2014-12-11
AMERICAN WATER WORKS CO P 2013-09-24 2014-12-11
AMERICAN WATER WORKS CO P 2013-06-13 2014-12-11
KDDI CORP ADR P 2013-01-23 2014-12-11
KDDI CORP ADR P 2013-01-22 2014-12-11
AVAGO TECHNOLOGIES P 2013-08-27 2014-12-11
NIELSEN N.V. EUR 0.07 P 2013-02-13 2014-12-11
NIELSEN N.V. EUR 0.07 P 2013-02-01 2014-12-11
DOLLAR GENERAL CORP P 2013-02-21 2014-12-11
DOLLAR GENERAL CORP P 2012-12-13 2014-12-11
DAIHATSU MOTOR CO. LTD ADR P 2012-12-21 2014-12-11
DAIHATSU MOTOR CO. LTD ADR P 2013-02-21 2014-12-11
TOKYO GAS LTD ADR P 2012-09-17 2014-12-11
WHARF HOLDINGS ADR P 2012-09-18 2014-12-11
SUMITOMO METAL MIN CO LTD P 2013-08-16 2014-12-11
SUMITOMO METAL MIN CO LTD P 2013-09-19 2014-12-11
SUMITOMO METAL MIN CO LTD P 2013-08-19 2014-12-11
RSA INS GRP INC SPON ADR P 2013-02-15 2014-12-11
RSA INS GRP INC SPON ADR P 2013-02-19 2014-12-11
RSA INS GRP INC SPON ADR P 2013-09-24 2014-12-11
RSA INS GRP INC SPON ADR P 2013-06-19 2014-12-11
SKANDINAVISKA ENSKILDA ADR P 2013-11-14 2014-12-11
ILLINOIS TOOL WORKS INC P 2013-09-24 2014-01-09
ILLINOIS TOOL WORKS INC P 2013-03-20 2014-01-09
BNP PARIBAS SPON ADR P 2013-03-20 2014-01-09
VIACOM INC CL B NEW P 2013-04-05 2014-01-09
OW REAL RETURN FUND P 2013-02-21 2014-01-14
OW REAL RETURN FUND P 2013-03-28 2014-01-14
MYLAN INC P 2013-11-15 2014-03-18
MYLAN INC P 2013-11-14 2014-03-18
SINOPEC/CHINA PETE&CHM ADR P 2013-03-28 2014-03-19
NIKON CORP PLC UNSPON-ADR P 2013-03-28 2014-03-19
CHINA CONSTRUCTION ADR P 2013-03-28 2014-03-26
TOTAL SA ADR P 2013-03-28 2014-03-31
TELE2 AB ADR P 2013-10-16 2014-05-20
TELE2 AB ADR P 2013-10-18 2014-05-20
TELE2 AB ADR P 2013-10-21 2014-05-20
WEIR GROUP PLC ADR P 2013-09-23 2014-05-20
WEIR GROUP PLC ADR P 2013-09-20 2014-05-20
TELE2 AB ADR P 2013-07-11 2014-05-22
TELE2 AB ADR P 2013-07-11 2014-05-23
TELE2 AB ADR P 2013-10-24 2014-05-28
TELE2 AB ADR P 2013-10-24 2014-05-29
TELE2 AB ADR P 2013-07-09 2014-05-30
TELE2 AB ADR P 2013-07-09 2014-06-04
LORILLARD INC COM P 2013-09-24 2014-06-30
SWATCH GROUP AG UNSPON ADR P 2013-09-18 2014-09-11
SWATCH GROUP AG UNSPON ADR P 2013-09-17 2014-09-12
SWATCH GROUP AG UNSPON ADR P 2013-09-18 2014-09-12
OW MUNICIPAL BOND FUND P 2014-05-21 2014-09-15
OW MUNICIPAL BOND FUND P 2014-05-21 2014-10-15
NXP SEMICONDUCTORS NV P 2014-08-01 2014-10-16
J SAINSBURY SPN ADR NEW P 2014-03-14 2014-11-04
J SAINSBURY SPN ADR NEW P 2014-03-14 2014-11-05
OW FIXED INCOME FUND P 2014-09-12 2014-12-09
OW FIXED INCOME FUND P 2014-10-14 2014-12-09
OW FIXED INCOME FUND P 2014-09-12 2014-12-09
OW REAL RETURN FUND P 2014-05-21 2014-12-09
ASTRAZENECA PLC P 2014-10-30 2014-12-10
UNILEVER NV P 2014-10-31 2014-12-10
KEYCORP NEW P 2014-03-14 2014-12-11
KIRBY CORP P 2014-06-25 2014-12-11
NIKE INC CL B P 2014-10-10 2014-12-11
RAYTHEON CO NEW P 2014-09-08 2014-12-11
VALERO ENERGY NEW P 2014-01-06 2014-12-11
SKY PLC ADR P 2014-02-25 2014-12-11
DBS GROUP HLDGS LTD ADR P 2014-01-07 2014-12-11
HITACHI LTD ADR P 2014-01-06 2014-12-11
HSBC HLDGS PLC ADR P 2014-05-14 2014-12-11
HSBC HLDGS PLC ADR P 2014-03-20 2014-12-11
YUM BRANDS INC P 2014-09-08 2014-12-11
CONOCOPHILLIPS P 2014-03-25 2014-12-11
WHITING PETROLEUM P 2014-06-12 2014-12-11
WHITING PETROLEUM P 2014-08-01 2014-12-11
VIACOM INC CL B NEW P 2014-05-14 2014-12-11
TERADATA CORP P 2014-09-08 2014-12-11
NXP SEMICONDUCTORS NV P 2014-05-14 2014-12-11
NXP SEMICONDUCTORS NV P 2014-03-13 2014-12-11
PANDORA A/S ADR P 2014-02-25 2014-12-11
WILMAR INTERNATIONAL ADR P 2014-03-14 2014-12-11
ORIX CORP P 2014-07-31 2014-12-12
ORIX CORP P 2014-08-01 2014-12-12
TEXAS INSTRUMENTS INC P 2012-09-17 2014-05-15
FEDERAL HOME LOAN BANK P 2012-09-24 2014-09-12
GENERAL ELEC CAP CORP P 2012-09-17 2014-06-04
(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 1,742   1,175 567
b 934   684 250
c 1,400   1,004 396
d 2,077   1,909 168
e 890   781 109
2,024   1,558 466
4,036   3,285 751
882   1,035 -153
1,763   2,071 -308
1,166   605 561
1,749   974 775
583   350 233
583   302 281
530   392 138
1,589   1,169 420
530   390 140
1,834   1,957 -123
917   1,025 -108
917   1,035 -118
126   139 -13
3,119   3,233 -114
344   578 -234
344   589 -245
86   137 -51
1,009   1,644 -635
252   340 -88
1,007   562 445
1,007   549 458
1,974   1,598 376
1,493   1,135 358
249   201 48
747   539 208
761   982 -221
698   929 -231
381   485 -104
82   60 22
787   842 -55
328   404 -76
1,180   1,209 -29
663   672 -9
1,303   995 308
326   260 66
652   494 158
1,029   523 506
1,373   685 688
686   358 328
343   168 175
28,499   26,391 2,108
6,201   5,565 636
1,754   1,613 141
59   105 -46
88   138 -50
291   460 -169
440   690 -250
477   736 -259
119   179 -60
415   627 -212
30   40 -10
177   242 -65
1,741   1,933 -192
580   640 -60
2,902   3,411 -509
329   271 58
219   180 39
1,076   892 184
807   684 123
538   452 86
269   230 39
1,088   901 187
979   790 189
109   82 27
1,608   1,691 -83
804   794 10
402   405 -3
603   515 88
201   175 26
1,041   820 221
1,544   1,229 315
1,819   1,475 344
1,602   1,430 172
2,218   1,280 938
1,289   1,135 154
1,289   1,134 155
1,072   824 248
814   726 88
387   363 24
773   713 60
779   713 66
1,070   821 249
543   472 71
310   288 22
206   189 17
511   410 101
307   283 24
204   161 43
1,340   1,044 296
2,343   2,002 341
1,035   884 151
862   786 76
172   170 2
517   510 7
517   508 9
1,815   918 897
226   234 -8
1,129   1,217 -88
677   709 -32
226   220 6
1,254   1,198 56
418   380 38
418   465 -47
2,090   2,133 -43
209   200 9
2,719   2,619 100
1,133   1,102 31
552   815 -263
237   348 -111
909   459 450
1,363   690 673
1,818   885 933
1,664   1,244 420
2,842   1,803 1,039
1,131   694 437
283   214 69
565   421 144
1,500   1,320 180
1,820   1,049 771
1,463   947 516
1,737   1,583 154
764   696 68
1,751   1,257 494
2,043   1,446 597
3,365   3,247 118
1,465   1,290 175
1,465   1,328 137
1,931   907 1,024
3,498   2,388 1,110
575   375 200
1,151   736 415
1,151   747 404
1,151   669 482
1,767   1,512 255
123,906   107,900 16,006
71,904   56,904 15,000
832   874 -42
448   455 -7
1,121   1,196 -75
1,009   989 20
1,271   1,090 181
477   386 91
328   301 27
657   595 62
1,497   1,548 -51
1,198   1,166 32
299   277 22
1,170   1,858 -688
38,346   34,435 3,911
38,794   34,567 4,227
1,741   2,090 -349
1,796   1,820 -24
1,240   779 461
620   392 228
41,958   39,466 2,492
46,917   44,131 2,786
1,170   853 317
1,170   860 310
1,588   1,223 365
2,117   1,626 491
157   87 70
1,879   1,036 843
2,038   734 1,304
220   169 51
1,099   815 284
342   226 116
2,737   1,798 939
542   793 -251
271   397 -126
524   559 -35
1,207   1,166 41
382   356 26
841   808 33
77   71 6
353   517 -164
177   262 -85
706   1,011 -305
847   1,132 -285
976   881 95
1,657   1,564 93
1,242   947 295
1,902   1,362 540
1,289   941 348
21,510   23,294 -1,784
20,690   22,357 -1,667
2,861   2,311 550
1,040   838 202
548   585 -37
86   118 -32
381   492 -111
652   483 169
301   316 -15
301   328 -27
301   332 -31
330   289 41
1,321   1,153 168
903   918 -15
302   306 -4
301   302 -1
296   302 -6
591   596 -5
293   298 -5
1,527   1,120 407
1,337   1,582 -245
1,338   1,561 -223
134   158 -24
2,500   2,498 2
27,685   27,502 183
1,421   1,559 -138
786   1,046 -260
789   1,046 -257
2,498   2,500 -2
27,517   27,640 -123
20,235   20,253 -18
20,250   25,215 -4,965
2,209   2,167 42
2,873   2,712 161
695   692 3
1,327   1,729 -402
2,948   2,625 323
3,259   2,956 303
979   999 -20
2,947   3,144 -197
2,952   2,689 263
1,916   1,950 -34
1,251   1,294 -43
500   494 6
2,325   2,169 156
985   1,025 -40
1,146   2,729 -1,583
819   2,139 -1,320
2,647   2,908 -261
2,227   2,246 -19
1,927   1,504 423
385   285 100
1,089   825 264
1,206   1,339 -133
1,349   1,641 -292
476   566 -90
30,000   30,373 -373
120,000   124,411 -4,411
30,000   31,883 -1,883
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       567
b       250
c       396
d       168
e       109
      466
      751
      -153
      -308
      561
      775
      233
      281
      138
      420
      140
      -123
      -108
      -118
      -13
      -114
      -234
      -245
      -51
      -635
      -88
      445
      458
      376
      358
      48
      208
      -221
      -231
      -104
      22
      -55
      -76
      -29
      -9
      308
      66
      158
      506
      688
      328
      175
      2,108
      636
      141
      -46
      -50
      -169
      -250
      -259
      -60
      -212
      -10
      -65
      -192
      -60
      -509
      58
      39
      184
      123
      86
      39
      187
      189
      27
      -83
      10
      -3
      88
      26
      221
      315
      344
      172
      938
      154
      155
      248
      88
      24
      60
      66
      249
      71
      22
      17
      101
      24
      43
      296
      341
      151
      76
      2
      7
      9
      897
      -8
      -88
      -32
      6
      56
      38
      -47
      -43
      9
      100
      31
      -263
      -111
      450
      673
      933
      420
      1,039
      437
      69
      144
      180
      771
      516
      154
      68
      494
      597
      118
      175
      137
      1,024
      1,110
      200
      415
      404
      482
      255
      16,006
      15,000
      -42
      -7
      -75
      20
      181
      91
      27
      62
      -51
      32
      22
      -688
      3,911
      4,227
      -349
      -24
      461
      228
      2,492
      2,786
      317
      310
      365
      491
      70
      843
      1,304
      51
      284
      116
      939
      -251
      -126
      -35
      41
      26
      33
      6
      -164
      -85
      -305
      -285
      95
      93
      295
      540
      348
      -1,784
      -1,667
      550
      202
      -37
      -32
      -111
      169
      -15
      -27
      -31
      41
      168
      -15
      -4
      -1
      -6
      -5
      -5
      407
      -245
      -223
      -24
      2
      183
      -138
      -260
      -257
      -2
      -123
      -18
      -4,965
      42
      161
      3
      -402
      323
      303
      -20
      -197
      263
      -34
      -43
      6
      156
      -40
      -1,583
      -1,320
      -261
      -19
      423
      100
      264
      -133
      -292
      -90
      -373
      -4,411
      -1,883
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 56,757
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 776,349 2,639,298 0.294150
2012 432,008 4,052,715 0.106597
2011 27,422 3,161,134 0.008675
2010 0 865,869 0.000000
2009      
2 Total of line 1, column (d) ...................... 2 0.409422
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 0.102356
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,456,465
5 Multiply line 4 by line 3....................... 5 251,434
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,146
7 Add lines 5 and 6......................... 7 253,580
8 Enter qualifying distributions from Part XII, line 4.............. 8 717,051
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 2,146
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 2,146
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,146
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,869
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 9,869
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 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 7,723
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet7,723 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletDAVE NORTON Telephone no.bullet (952) 893-1277
    Located atbullet4350 BAKER RD SUITE 230MINNETONKAMN ZIP+4bullet55343
    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
     
     
    .........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
    THOMAS GROSSMAN PRESIDENT
    0.00     		0 0 0
    4350 BAKER ROAD
    MINNETONKA,MN55343
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,493,873
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,493,873
    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
    2,493,873
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    37,408
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,456,465
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    122,823
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    122,823
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,146
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,146
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    120,677
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    120,677
    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
    120,677
    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
    717,051
    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
    717,051
    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
    2,146
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    714,905
    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 7 120,677
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 156,304
    e From 2013....... 651,686
    fTotal of lines 3a through e......... 807,990
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 717,051
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 120,677
    e Remaining amount distributed out of corpus 596,374
    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 1,404,364
    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 ......     		1,404,364
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012.... 156,304
    d Excess from 2013.... 651,686
    e Excess from 2014.... 596,374
    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).)
    THOMAS GROSSMAN
    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
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK STEET SOUTHEAST SUITE 500
    MINNEAPOLIS,MN55455     		NONE PUBLIC CHARITY GENERAL OPERATING 717,051
    Total .................................bullet 3a 717,051
    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 ............     		         
    4 Dividends and interest from securities....     14 72,536  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 101,007  
    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 56,757  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 230,300 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13230,300
    (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 OtherExpensesSchedule
    Name:
    THOMAS M GROSSMAN FAMILY CHARITABLE TRUST
    EIN: 27-3369472
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 5,757 5,757 0 0
    MINNESOTA FILING FEE 25 0 0 0
    FOREIGN TAX 387 387 0 0
    MISCELLANEOUS EXPENSES 305 33 0 0
    BOND PREMIUMS 9,571 9,571 0 0


    TY 2014 SubstantialContributorsSch
    Name:
    THOMAS M GROSSMAN FAMILY CHARITABLE TRUST
    EIN: 27-3369472
    Name Address
    THOMAS GROSSMAN 4350 BAKER ROAD
    MINNETONKA,MN55343