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
DR ALVIN & MONICA SAAKE FOUNDATION
C/O ARTHUR SHIDA

Number and street (or P.O. box number if mail is not delivered to street address)1611 KUHILANI ST   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96821
A Employer identification number

73-1671840
B Telephone number (see instructions)

(808) 728-5229
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$3,181,982J 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 26,744 26,744 26,744
4 Dividends and interest from securities...... 82,568 81,347 82,568
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 63,155
b Gross sales price for all assets on line 6a 959,904
7 Capital gain net income (from Part IV, line 2)... 19,612
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........ 172,467 127,703 109,312
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,600 7,650   22,950
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,436 5,436    
b Accounting fees (attach schedule)....... Click to see attachment 3,339 3,339    
c Other professional fees (attach schedule).... Click to see attachment 26,441 26,441    
17 Interest............... 3,118 3,118    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,952 1,952    
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 5 5    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,891 47,941   22,950
25 Contributions, gifts, grants paid........ 100,300 100,300
26 Total expenses and disbursements. Add lines 24 and 25 171,191 47,941   123,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,276
b Net investment income (if negative, enter -0-) 79,762
c Adjusted net income (if negative, enter -0-)... 109,312
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............... 2,497 3,270 3,270
2 Savings and temporary cash investments.......... 114,134 191,972 191,972
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) 988,683 Click to see attachment892,252 892,252
b Investments—corporate stock (attach schedule)........ 1,758,665 Click to see attachment1,962,344 1,962,344
c Investments—corporate bonds (attach schedule)........ 19,383 Click to see attachment9,763 9,763
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 193,662 Click to see attachment117,494 117,494
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,029 Click to see attachment4,887 Click to see attachment4,887
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,081,053 3,181,982 3,181,982
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,081,053 3,181,982
30 Total net assets or fund balances (see instructions)...... 3,081,053 3,181,982
31 Total liabilities and net assets/fund balances (see instructions).. 3,081,053 3,181,982
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 3,081,053
2 Enter amount from Part I, line 27a..................... 2 1,276
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 99,653
4 Add lines 1, 2, and 3.......................... 4 3,181,982
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,181,982
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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 19,612
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 135,250 3,131,113 0.043196
2012 123,800 3,089,762 0.040068
2011 165,180 3,076,413 0.053692
2010 191,017 3,082,519 0.061968
2009 191,428 2,958,857 0.064697
2 Total of line 1, column (d) ...................... 2 0.263621
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 0.052724
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 3,148,370
5 Multiply line 4 by line 3....................... 5 165,995
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 798
7 Add lines 5 and 6......................... 7 166,793
8 Enter qualifying distributions from Part XII, line 4.............. 8 123,250
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,595
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  
3 Add lines 1 and 2........................... 3 1,595
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,595
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,800
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 1,800
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 13
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 10 192
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet192 RefundedBullet 11  
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
     
    No
    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
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletHI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTATSUGUCHI CPA LLC Telephone no.bullet (808) 589-2100
    Located atbullet1314 S KING ST STE 662HONOLULUHI ZIP+4bullet96814
    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
     
     
    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
    DENNIS X CHAI PRESIDENT
    1.00     		10,200 0 0
    46-306 KUPALE ST
    KANEOHE,HI96744
    ARTHUR Y SHIDA VP & TREAS
    1.00     		10,200 0 0
    1611 KUHILANI ST
    HONOLULU,HI96821
    BART M KOZA SECRETARY
    1.00     		10,200 0 0
    PO BOX 240908
    HONOLULU,HI96824
    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  
    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.............bullet  
    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 UNIVERSITY OF HAWAII FOUNDATION - SEE PART XV (PAGE 11) FOR THE VARIOUS UH PROGRAMS/DEPARTMENTS THAT BENEFITED. 82,000
    2 COLLEGE SCHOLARSHIPS FUNDED BY THE FOUNDATION BUT DISBURSED BY THE HAWAII COMMUNITY FOUNDATION. SEE PART XV (PAGE 11) FOR ADDITIONAL EXPLANATION. 18,300
    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 N/A  
    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
    3,041,506
    b
    Average of monthly cash balances.......................
    1b
    154,809
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,196,315
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,196,315
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    47,945
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,148,370
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    157,419
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    157,419
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,595
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,595
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    155,824
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    155,824
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    155,824
    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
    123,250
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    123,250
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    123,250
    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 7 155,824
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 14,855
    c From 2011....... 13,199
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 28,054
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 123,250
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 123,250
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014. 28,054 28,054
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		4,520
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DR ALVIN MONICA SAAKE FOUNDATION
    C/O HAWAII COMMUNITY FOUNDATION
    1164 BISHOP ST STE 800
    HONOLULU,HI96813
    (808) 537-6333
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS MUST SUBMIT THEIR COLLEGE AND/OR GRADUATE TRANSCRIPTS AND THEIR PERSONAL STATEMENT.
    cAny submission deadlines:
    APPLICATIONS ARE DUE MARCH 31ST EVERY YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANT MUST BE A JUNIOR, SENIOR OR GRADUATE STUDENT WITH A GPA OF 3.0 OR HIGHER. THE MUST HAVE A FINANCIAL NEED AND BE STUDYING IN THE AREAS OF KINESIOLOGY AND PHYSICAL SCIENCES (E.G., PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, SPORTS MEDICINE & ETC.).
    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
    HAWAII COMMUNITY FOUNDATI
    1164 BISHOP ST STE 800
    HONOLULU,HI96813     		NONE PUBLIC CHARI DISBURSEMENT OF SCHOLARSHIPS 18,300
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI HEALTH PHYSICAL EDUCATION & RECREATI 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI INTRAMURAL SPORTS PROGRAM 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC DIRECTOR'S FUND 10,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI UH ATHLETIC TRAINING ROOM 45,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI WARRIOR GOLF BOOSTER CLUB FUND 3,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI STRENGTH & CONDITIONING ROOM 8,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI UHF UHAD DEVELOPMENT 3,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI UH-M ATHLETIC DEPT EQPT ROOM FUND 3,000
    Total .................................bullet 3a 100,300
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 26,744  
    4 Dividends and interest from securities....     14 82,568  
    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 .............     		    14 63,155  
    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)..   172,467  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13172,467
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 3,339 3,339    

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    18 SH - AMERICAN EXPRESS COMPANY 2004-01 PURCHASE 2014-01   1,582 793     789  
    2 SH - AMERIPRISE FINANCIAL INC 2004-01 PURCHASE 2014-01   211 61     150  
    8 SH - AMERIPRISE FINANCIAL INC 2005-11 PURCHASE 2014-01   846 296     550  
    22 SH - AMERIPRISE FINANCIAL INC 2005-11 PURCHASE 2014-01   2,344 814     1,530  
    26 SH - BERKSHIRE HATHAWAY INC SERIE 2004-01 PURCHASE 2014-01   2,999 1,496     1,503  
    10 SH - COCA-COLA COMPANY 2010-02 PURCHASE 2014-01   388 272     116  
    1 SH - GOOGLE INC CL A 2008-10 PURCHASE 2014-01   1,119 338     781  
    2 SH - GOOGLE INC CL A 2009-01 PURCHASE 2014-01   2,239 583     1,656  
    4 SH - HEWLETT-PACKARD COMPANY 2008-01 PURCHASE 2014-01   110 181     -71  
    55 SH - HEWLETT-PACKARD COMPANY 2008-10 PURCHASE 2014-01   1,519 1,800     -281  
    18 SH - OCCIDENTAL PETE CORP 2004-01 PURCHASE 2014-01   1,656 401     1,255  
    20 SH - OCCIDENTAL PETE CORP 2004-08 PURCHASE 2014-01   1,840 495     1,345  
    10.15385 SH - ALLEGHANY CORP NEW DEL 2004-01 PURCHASE 2014-02   3,916 3,604     312  
    0.84615 SH - ALLEGHANY CORP NEW DELA 2009-03 PURCHASE 2014-02   326 123     203  
    80.2 SH - CVS CAREMARK CORP 2006-01 PURCHASE 2014-02   5,303 2,478     2,825  
    24.8 SH - CVS CAREMARK CORP 2006-09 PURCHASE 2014-02   1,640 878     762  
    95 SH - CVS CAREMARK CORP 2008-12 PURCHASE 2014-02   6,281 2,670     3,611  
    2 SH - CVS CAREMARK CORP 2009-12 PURCHASE 2014-02   132 65     67  
    46 SH - COCA-COLA COMPANY 2010-02 PURCHASE 2014-02   1,776 1,252     524  
    28 SH - COCA-COLA COMPANY 2010-03 PURCHASE 2014-02   1,081 753     328  
    48 SH - COCA-COLA COMPANY 2010-05 PURCHASE 2014-02   1,854 1,237     617  
    82 SH - IRON MTN INC PA 2005-02 PURCHASE 2014-02   2,124 1,551     573  
    8 SH - IRON MTN INC PA 2004-11 PURCHASE 2014-02   207 163     44  
    22 SH - IRON MTN INC PA 2009-08 PURCHASE 2014-02   570 662     -92  
    10 SH - IRON MTN INC PA 2010-10 PURCHASE 2014-02   259 206     53  
    10 SH - IRON MTN INC PA 2010-10 PURCHASE 2014-02   259 211     48  
    20 SH - IRON MTN INC PA 2012-11 PURCHASE 2014-02   518 657     -139  
    14 SH - DISNEY WALT COMPANY 2012-09 PURCHASE 2014-04   1,098 728     370  
    6 SH - PHILIP MORRIS INTERNATIONAL I 2004-01 PURCHASE 2014-04   501 168     333  
    196 SH - PROGRESSIVE CORP OHIO 2004-01 PURCHASE 2014-04   4,733 4,128     605  
    6 SH - BED BATH & BEYOND INC 2008-02 PURCHASE 2014-05   368 193     175  
    65 SH - BED BATH & BEYOND INC 2009-10 PURCHASE 2014-05   3,986 2,344     1,642  
    62 SH - BED BATH & BEYOND INC 2012-09 PURCHASE 2014-05   3,802 3,862     -60  
    66 SH - BED BATH & BEYOND INC 2013-01 PURCHASE 2014-05   4,047 3,724     323  
    44 SH - PROGRESSIVE CORP OHIO 2004-01 PURCHASE 2014-05   1,105 927     178  
    33 SH - PROGRESSIVE CORP OHIO 2009-08 PURCHASE 2014-05   829 548     281  
    42 SH - PROGRESSIVE CORP OHIO 2012-07 PURCHASE 2014-05   1,054 835     219  
    110 SH - PROGRESSIVE CORP OHIO 2013-01 PURCHASE 2014-05   2,762 2,490     272  
    88 SH - CANADIAN NATURAL RESOURCES L 2007-12 PURCHASE 2014-06   3,886 3,009     877  
    22 SH - LABORATORY CORP OF AMER HLDG 2013-05 PURCHASE 2014-06   2,255 2,207     48  
    30 SH - OCCIDENTAL PETE CORP 2004-08 PURCHASE 2014-07   3,016 742     2,274  
    6 SH - EOG RESOURCES INC 2004-01 PURCHASE 2014-08   649 70     579  
    28 SH - AIR PRODUCTS & CHEMICALS INC 2012-04 PURCHASE 2014-09   3,603 2,484     1,119  
    22 SH - AIR PRODUCTS & CHEMICALS INC 2012-04 PURCHASE 2014-09   2,831 1,867     964  
    40 SH - AIR PRODUCTS & CHEMICALS INC 2013-02 PURCHASE 2014-09   5,147 3,510     1,637  
    1 SH - ALLEGHANY CORP DELAWARE 2009-03 PURCHASE 2014-09   427 146     281  
    8 SH - ALLEGHANY CORP DELAWARE 2013-05 PURCHASE 2014-09   3,418 3,134     284  
    34 SH - INTERNATIONAL BUSINESS MACHI 2014-09 PURCHASE 2014-10   5,574 6,445     -871  
    0.472 SH - LIBERTY INTERACTIVE CORP 2014-01 PURCHASE 2014-10   15 14     1  
    38 SH - CVS HEALTH CORPORATION 2009-12 PURCHASE 2014-10   3,013 1,237     1,776  
    40 SH - CVS HEALTH CORPORATION 2010-01 PURCHASE 2014-10   3,171 1,355     1,816  
    60 SH - CVS HEALTH CORPORATION 2010-06 PURCHASE 2014-10   4,757 1,892     2,865  
    25 SH - CVS HEALTH CORPORATION 2010-08 PURCHASE 2014-10   1,982 717     1,265  
    40 SH - COSTCO WHSL CORP NEW COM 2004-01 PURCHASE 2014-10   5,120 1,457     3,663  
    24 SH - DISNEY WALT COMPANY 2012-09 PURCHASE 2014-10   2,122 1,248     874  
    44 SH - DISNEY WALT COMPANY 2013-02 PURCHASE 2014-10   3,890 2,419     1,471  
    13 SH - HARLEY DAVIDSON INC 2009-08 PURCHASE 2014-10   737 300     437  
    40 SH - HARLEY DAVIDSON INC 2012-07 PURCHASE 2014-10   2,267 1,753     514  
    29 SH - MONSANTO CO NEW 2012-09 PURCHASE 2014-11   3,490 2,644     846  
    26 SH - MONSANTO CO NEW 2013-04 PURCHASE 2014-11   3,129 2,709     420  
    46 SH - PHILIP MORRIS INTERNATIONAL 2004-01 PURCHASE 2014-11   4,039 1,290     2,749  
    2000 SH - FNMA PASS THRU POOL 2013-12 PURCHASE 2014-02   1,856 1,825     31  
    2000 SH - FNMA PASS THRU POOL 2013-09 PURCHASE 2014-02   1,853 1,845     8  
    2000 SH - FHLMC GOLD PASS THRU POOL 2013-09 PURCHASE 2014-02   1,858 1,809     49  
    2000 SH - FNMA PASS THRU POOL 2013-12 PURCHASE 2014-02   1,899 1,869     30  
    5000 SH - US TREASURY NOTES CPN 2.00 2013-03 PURCHASE 2014-02   4,767 5,059     -292  
    6000 SH - US TREASURY NOTES CPN 2.00 2013-03 PURCHASE 2014-02   5,721 6,057     -336  
    16000 SH - US TREASURY NOTES CPN 2.0 2013-04 PURCHASE 2014-02   15,255 16,195     -940  
    15000 SH - US TREASURY NOTES CPN 2.0 2013-04 PURCHASE 2014-02   14,300 15,183     -883  
    5000 SH - US TREASURY NOTES CPN 2.00 2013-07 PURCHASE 2014-02   4,767 4,766     1  
    2000 SH - US TREASURY NOTES CPN 2.00 2013-08 PURCHASE 2014-02   1,907 1,873     34  
    5000 SH - US TREASURY NOTES CPN 2.00 2013-11 PURCHASE 2014-02   4,767 4,720     47  
    12000 SH - US TREASURY INFLATION IND 2013-10 PURCHASE 2014-02   17,512 17,907     -395  
    4000 SH - US TREASURY INFLATION INDE 2013-11 PURCHASE 2014-02   5,837 5,811     26  
    6000 SH - US TREASURY INFLATION INDE 2013-12 PURCHASE 2014-02   8,756 8,581     175  
    47000 SH - FNMA PASS THRU POOL 2012-11 PURCHASE 2014-02   43,049 46,789     -3,740  
    6000 SH - FNMA PASS THRU POOL 2014-01 PURCHASE 2014-04   4,352 4,344     8  
    4000 SH - FNMA PASS THRU POOL 2013-10 PURCHASE 2014-04   4,005 4,023     -18  
    4000 SH - FNMA PASS THRU POOL 2013-09 PURCHASE 2014-04   4,035 4,018     17  
    4000 SH - FNMA PASS THRU POOL 2013-08 PURCHASE 2014-04   4,091 4,045     46  
    1000 SH - FNMA PASS THRU POOL 2013-07 PURCHASE 2014-04   898 890     8  
    1000 SH - FNMA PASS THRU POOL 2013-04 PURCHASE 2014-04   631 656     -25  
    4000 SH - FNMA PASS THRU POOL 2013-12 PURCHASE 2014-04   4,092 4,048     44  
    3000 SH - FNMA PASS THRU POOL 2013-03 PURCHASE 2014-04   1,983 2,047     -64  
    7000 SH - US TREASURY NOTES CPN 0.75 2012-11 PURCHASE 2014-04   6,897 7,040     -143  
    62000 SH - US TREASURY NOTES CPN 0.7 2012-12 PURCHASE 2014-04   61,085 62,252     -1,167  
    30000 SH - US TREASURY NOTES CPN 0.7 2014-02 PURCHASE 2014-06   30,020 30,066     -46  
    810 SH - ALLIANZGI MANAGED ACCT TR F 2004-01 PURCHASE 2014-06   9,987 9,518     469  
    1000 SH - US TREASURY INFLATION INDE 2014-05 PURCHASE 2014-07   1,526 1,505     21  
    3000 SH - US TREASURY INFLATION INDE 2014-02 PURCHASE 2014-07   4,572 4,473     99  
    2000 SH - US TREASURY INFLATION INDE 2014-04 PURCHASE 2014-07   3,048 2,956     92  
    3000 SH - US TREASURY INFLATION INDE 2014-05 PURCHASE 2014-07   4,572 4,516     56  
    17000 SH - US TREASURY INFLATION IND 2012-07 PURCHASE 2014-07   17,589 18,980     -1,391  
    15000 SH - US TREASURY INFLATION IND 2012-07 PURCHASE 2014-07   15,520 16,749     -1,229  
    21000 SH - US TREASURY NOTES CPN 1.1 2013-01 PURCHASE 2014-08   20,371 20,811     -440  
    10000 SH - US TREASURY NOTES CPN 1.1 2013-01 PURCHASE 2014-08   9,700 9,935     -235  
    52000 SH - US TREASURY NOTES CPN 1.0 2014-02 PURCHASE 2014-09   51,200 51,261     -61  
    33000 SH - US TREASURY NOTES CPN 1.0 2014-02 PURCHASE 2014-09   32,518 32,531     -13  
    4000 SH - US TREASURY NOTES CPN 1.00 2014-06 PURCHASE 2014-09   3,942 3,940     2  
    4000 SH - US TREASURY NOTES CPN 1.00 2014-08 PURCHASE 2014-09   3,942 3,962     -20  
    5000 SH - US TREASURY NOTES CPN 1.12 2013-11 PURCHASE 2014-09   4,814 4,803     11  
    6000 SH - US TREASURY NOTES CPN 1.12 2014-02 PURCHASE 2014-09   5,777 5,774     3  
    5000 SH - US TREASURY NOTES CPN 1.12 2014-06 PURCHASE 2014-09   4,814 4,800     14  
    16000 SH - US TREASURY NOTES CPN 1.1 2013-01 PURCHASE 2014-09   15,406 15,896     -490  
    18000 SH - US TREASURY NOTES CPN 1.1 2013-01 PURCHASE 2014-09   17,332 17,878     -546  
    6000 SH - US TREASURY NOTES CPN 1.12 2013-08 PURCHASE 2014-09   5,777 5,718     59  
    2000 SH - US TREASURY NOTES CPN 1.12 2013-09 PURCHASE 2014-09   1,926 1,905     21  
    4000 SH - FNMA PASS THRU POOL 2014-08 PURCHASE 2014-10   4,223 4,208     15  
    27000 SH - FNMA PASS THRU POOL 2014-04 PURCHASE 2014-10   13,740 13,542     198  
    74000 SH - FNMA PASS THRU POOL 2012-04 PURCHASE 2014-10   34,786 36,692     -1,906  
    53000 SH - FNMA PASS THRU POOL 2012-08 PURCHASE 2014-10   43,509 45,611     -2,102  
    3 SH - BOSTON PROPERTIES INC REIT 2013-04 PURCHASE 2014-01   309 327     -18  
    1 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   22 25     -3  
    2 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   45 50     -5  
    9 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   198 223     -25  
    2 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   45 50     -5  
    5 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   111 124     -13  
    1 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   22 25     -3  
    3 SH - SENIOR HOUSING PROP TR REIT 2013-02 PURCHASE 2014-01   68 74     -6  
    3 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-01   68 77     -9  
    2 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-01   45 52     -7  
    2 SH - VENTAS INC 2013-02 PURCHASE 2014-01   116 139     -23  
    1 SH - VENTAS INC 2013-02 PURCHASE 2014-01   58 70     -12  
    2 SH - VENTAS INC 2013-02 PURCHASE 2014-01   121 139     -18  
    1 SH - VENTAS INC 2013-02 PURCHASE 2014-01   60 70     -10  
    2 SH - VENTAS INC 2013-02 PURCHASE 2014-01   120 139     -19  
    1 SH - VENTAS INC 2013-02 PURCHASE 2014-01   60 70     -10  
    1 SH - VENTAS INC 2013-02 PURCHASE 2014-01   61 70     -9  
    1 SH - VENTAS INC 2013-02 PURCHASE 2014-01   61 70     -9  
    1 SH - VENTAS INC 2013-03 PURCHASE 2014-01   62 70     -8  
    3 SH - VENTAS INC 2013-03 PURCHASE 2014-01   185 210     -25  
    1 SH - VENTAS INC 2013-04 PURCHASE 2014-01   61 76     -15  
    4 SH - VENTAS INC 2013-04 PURCHASE 2014-01   246 302     -56  
    2 SH - VENTAS INC 2013-04 PURCHASE 2014-01   123 151     -28  
    4 SH - VENTAS INC 2013-04 PURCHASE 2014-01   247 304     -57  
    1 SH - ACADIA REALTY TR REIT 2010-11 PURCHASE 2014-01   25 20     5  
    3 SH - ACADIA REALTY TR REIT 2010-11 PURCHASE 2014-01   75 59     16  
    1 SH - ACADIA REALTY TR REIT 2010-11 PURCHASE 2014-01   25 20     5  
    3 SH - ACADIA REALTY TR REIT 2010-11 PURCHASE 2014-01   76 59     17  
    2 SH - ACADIA REALTY TR REIT 2010-11 PURCHASE 2014-01   50 39     11  
    2 SH - ACADIA REALTY TR REIT 2011-01 PURCHASE 2014-01   50 36     14  
    1 SH - ACADIA REALTY TR REIT 2011-01 PURCHASE 2014-01   25 18     7  
    3 SH - ACADIA REALTY TR REIT 2011-01 PURCHASE 2014-01   75 54     21  
    2 SH - ACADIA REALTY TR REIT 2011-01 PURCHASE 2014-01   50 36     14  
    1 SH - ACADIA REALTY TR REIT 2012-03 PURCHASE 2014-01   25 22     3  
    18 SH - ACADIA REALTY TR REIT 2011-01 PURCHASE 2014-01   451 325     126  
    12 SH - ACADIA REALTY TR REIT 2012-03 PURCHASE 2014-01   302 267     35  
    1 SH - AMERICAN TOWER CORP REIT 2012-01 PURCHASE 2014-01   79 60     19  
    8 SH - AMERICAN TOWER CORP REIT 2012-01 PURCHASE 2014-01   636 477     159  
    3 SH - BOSTON PROPERTIES INC REIT 2012-07 PURCHASE 2014-01   311 332     -21  
    2 SH - CUBESMART 2012-09 PURCHASE 2014-01   32 27     5  
    12 SH - CUBESMART 2012-09 PURCHASE 2014-01   193 158     35  
    2 SH - HEALTH CARE REIT INC 2011-04 PURCHASE 2014-01   108 105     3  
    2 SH - HEALTH CARE REIT INC 2011-06 PURCHASE 2014-01   108 103     5  
    2 SH - HEALTH CARE REIT INC 2011-11 PURCHASE 2014-01   108 99     9  
    2 SH - HEALTH CARE REIT INC 2011-11 PURCHASE 2014-01   112 99     13  
    9 SH - HEALTH CARE REIT INC 2012-08 PURCHASE 2014-01   506 528     -22  
    1 SH - HEALTH CARE REIT INC 2012-08 PURCHASE 2014-01   57 59     -2  
    3 SH - HEALTH CARE REIT INC 2012-08 PURCHASE 2014-01   170 179     -9  
    15 SH - HOST HOTELS & RESORTS 2010-04 PURCHASE 2014-01   288 221     67  
    18 SH - HOST HOTELS & RESORTS 2010-04 PURCHASE 2014-01   345 266     79  
    2 SH - MACERICH CO REIT 2010-08 PURCHASE 2014-01   118 82     36  
    2 SH - MACERICH CO REIT 2011-02 PURCHASE 2014-01   118 100     18  
    3 SH - MACERICH CO REIT 2012-03 PURCHASE 2014-01   177 169     8  
    1 SH - MACERICH CO REIT 2012-03 PURCHASE 2014-01   59 56     3  
    7 SH - MACERICH CO REIT 2012-04 PURCHASE 2014-01   412 401     11  
    1 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   59 60     -1  
    1 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   58 60     -2  
    1 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   58 60     -2  
    2 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   113 119     -6  
    1 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   56 60     -4  
    3 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   169 179     -10  
    2 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   111 120     -9  
    3 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   168 179     -11  
    3 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-01   169 179     -10  
    4 SH - RAYONIER INC 2011-08 PURCHASE 2014-01   170 148     22  
    1 SH - RAYONIER INC 2012-04 PURCHASE 2014-01   43 44     -1  
    3 SH - RAYONIER INC 2012-04 PURCHASE 2014-01   127 131     -4  
    2 SH - RAYONIER INC 2012-04 PURCHASE 2014-01   85 87     -2  
    1 SH - RAYONIER INC 2012-04 PURCHASE 2014-01   42 44     -2  
    2 SH - RAYONIER INC 2012-04 PURCHASE 2014-01   85 87     -2  
    2 SH - RAYONIER INC 2012-07 PURCHASE 2014-01   85 94     -9  
    2 SH - UDR INC 2011-12 PURCHASE 2014-01   48 47     1  
    2 SH - UDR INC 2011-12 PURCHASE 2014-01   48 47     1  
    5 SH - UDR INC 2011-12 PURCHASE 2014-01   117 116     1  
    5 SH - UDR INC 2012-01 PURCHASE 2014-01   117 121     -4  
    2 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   60 54     6  
    3 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   90 81     9  
    6 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   180 162     18  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   30 27     3  
    2 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   60 53     7  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   33 26     7  
    3 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   100 81     19  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-02   33 27     6  
    8 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   176 207     -31  
    2 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   44 52     -8  
    6 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   132 157     -25  
    2 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   44 52     -8  
    1 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   22 26     -4  
    1 SH - SENIOR HOUSING PROP TR REIT 2013-03 PURCHASE 2014-02   22 26     -4  
    5 SH - SENIOR HOUSING PROP TR REIT 2013-04 PURCHASE 2014-02   109 135     -26  
    5 SH - SENIOR HOUSING PROP TR REIT 2013-04 PURCHASE 2014-02   109 135     -26  
    2 SH - MACERICH CO REIT 2012-08 PURCHASE 2014-02   112 120     -8  
    3 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-02   180 181     -1  
    2 SH - SIMON PROPERTY GROUP 2008-10 PURCHASE 2014-02   321 154     167  
    2 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   120 121     -1  
    2 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   120 121     -1  
    3 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   184 182     2  
    2 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   122 121     1  
    2 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   120 121     -1  
    3 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   179 182     -3  
    1 SH - MACERICH CO REIT 2012-09 PURCHASE 2014-03   60 61     -1  
    3 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   180 174     6  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 58     2  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 58     2  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 59     1  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 58     2  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 58     2  
    4 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   242 234     8  
    3 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   182 175     7  
    3 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   180 175     5  
    2 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   120 117     3  
    1 SH - MACERICH CO REIT 2012-12 PURCHASE 2014-03   60 58     2  
    10 SH - RAYONIER INC 2012-07 PURCHASE 2014-03   451 471     -20  
    1 SH - RAYONIER INC 2012-08 PURCHASE 2014-03   45 48     -3  
    7 SH - RAYONIER INC 2012-08 PURCHASE 2014-03   317 333     -16  
    1 SH - RAYONIER INC 2012-11 PURCHASE 2014-03   45 49     -4  
    5 SH - RAYONIER INC 2012-11 PURCHASE 2014-03   226 243     -17  
    4 SH - RAYONIER INC 2012-11 PURCHASE 2014-03   182 195     -13  
    0.5 SH - WASHINGTON PRIM GRP 2014-05 PURCHASE 2014-05   10       10  
    3 SH - AMERICAN TOWER CORP REIT 2012-01 PURCHASE 2014-05   265 179     86  
    7 SH - DDR CORP 2011-12 PURCHASE 2014-05   121 81     40  
    21 SH - DDR CORP 2011-11 PURCHASE 2014-05   362 229     133  
    1 SH - DDR CORP 2011-12 PURCHASE 2014-05   17 12     5  
    6 SH - DDR CORP 2011-12 PURCHASE 2014-05   104 69     35  
    5 SH - UDR INC 2012-01 PURCHASE 2014-05   138 130     8  
    4 SH - UDR INC 2012-01 PURCHASE 2014-05   110 104     6  
    7 SH - UDR INC 2012-01 PURCHASE 2014-05   193 182     11  
    8 SH - WEYERHAEUSER CO 2011-03 PURCHASE 2014-05   247 196     51  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   116 99     17  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   77 67     10  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   115 99     16  
    4 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   153 132     21  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   115 99     16  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   77 66     11  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 67     9  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 67     9  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 68     8  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 34     4  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 34     4  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   75 66     9  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   75 66     9  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   113 100     13  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 66     10  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    1 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   38 33     5  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 66     10  
    2 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   76 66     10  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   114 99     15  
    3 SH - LIBERTY PROPERTY TRUST REIT 2013-12 PURCHASE 2014-06   114 99     15  
    1 SH - ESSEX PROPERTY TRUST INC REIT 2009-10 PURCHASE 2014-06   183 78     105  
    4 SH - ESSEX PROPERTY TRUST INC REIT 2009-10 PURCHASE 2014-06   737 312     425  
    18 SH - HEALTH CARE REIT INC REIT 2012-08 PURCHASE 2014-06   1,134 1,075     59  
    1 SH - HOST HOTELS & RESORTS 2010-04 PURCHASE 2014-06   22 15     7  
    10 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   220 145     75  
    7 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   154 101     53  
    4 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   89 58     31  
    7 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   156 101     55  
    8 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   178 116     62  
    4 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   90 58     32  
    1 SH - HOST HOTELS & RESORTS 2010-08 PURCHASE 2014-06   22 14     8  
    39 SH - HOST HOTELS & RESORTS 2010-10 PURCHASE 2014-06   862 593     269  
    28 SH - HOST HOTELS & RESORTS 2010-10 PURCHASE 2014-06   616 451     165  
    2 SH - HOST HOTELS & RESORTS 2010-10 PURCHASE 2014-06   44 32     12  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-06   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-06   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-06   37 23     14  
    2 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-06   74 46     28  
    3 SH - UDR INC 2012-01 PURCHASE 2014-06   83 78     5  
    4 SH - UDR INC 2012-02 PURCHASE 2014-06   110 104     6  
    2 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   38 35     3  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    2 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   38 36     2  
    4 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   76 71     5  
    3 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   57 53     4  
    5 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   94 89     5  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-06   19 18     1  
    3 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-07   106 79     27  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-07   35 27     8  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-07   35 26     9  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-07   35 26     9  
    1 SH - BROOKDALE SENIOR LIVING INC 2013-09 PURCHASE 2014-07   35 27     8  
    1 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   38 36     2  
    1 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   38 36     2  
    1 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   38 36     2  
    3 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   114 107     7  
    3 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   113 107     6  
    1 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   38 36     2  
    3 SH - LIBERTY PROPERTY TRUST REIT 2014-01 PURCHASE 2014-07   113 108     5  
    9 SH - DDR CORP 2011-12 PURCHASE 2014-07   161 104     57  
    6 SH - DDR CORP 2012-01 PURCHASE 2014-07   108 80     28  
    13 SH - HOST HOTELS & RESORTS 2010-10 PURCHASE 2014-07   288 209     79  
    11 SH - HOST HOTELS & RESORTS 2011-01 PURCHASE 2014-07   243 201     42  
    15 SH - HOST HOTELS & RESORTS 2011-01 PURCHASE 2014-07   330 275     55  
    10 SH - HOST HOTELS & RESORTS 2011-02 PURCHASE 2014-07   220 190     30  
    4 SH - MID-AMER APT COMMUNITIES REIT 2013-02 PURCHASE 2014-07   297 271     26  
    1 SH - MID-AMER APT COMMUNITIES REIT 2013-02 PURCHASE 2014-07   74 68     6  
    1 SH - MID-AMER APT COMMUNITIES REIT 2013-02 PURCHASE 2014-07   74 68     6  
    3 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   112 70     42  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   37 23     14  
    2 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   74 47     27  
    1 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   37 23     14  
    3 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   111 70     41  
    4 SH - PEBBLEBROOK HOTEL TR 2012-03 PURCHASE 2014-07   149 93     56  
    2 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   74 46     28  
    1 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   37 23     14  
    2 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   74 46     28  
    1 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   37 23     14  
    1 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   37 23     14  
    8 SH - PEBBLEBROOK HOTEL TR 2012-06 PURCHASE 2014-07   297 183     114  
    1 SH - SIMON PROPERTY GROUP REIT INC 2008-10 PURCHASE 2014-07   170 72     98  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-07   19 18     1  
    1 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-07   19 18     1  
    4 SH - PIEDMONT OFFICE RLTY TR INC C 2012-09 PURCHASE 2014-07   75 71     4  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   111 70     41  
    2 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   222 140     82  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   111 70     41  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   110 71     39  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   109 71     38  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   109 71     38  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   110 71     39  
    1 SH - SL GREEN RLTY CORP REIT 2011-01 PURCHASE 2014-08   110 71     39  
    1 SH - SL GREEN RLTY CORP REIT 2011-02 PURCHASE 2014-08   109 72     37  
    12 SH - SL GREEN RLTY CORP REIT 2011-02 PURCHASE 2014-08   1,312 858     454  
    4 SH - SL GREEN RLTY CORP REIT 2012-04 PURCHASE 2014-08   437 301     136  
    1 SH - SL GREEN RLTY CORP REIT 2012-04 PURCHASE 2014-08   109 75     34  
    1 SH - SL GREEN RLTY CORP REIT 2012-05 PURCHASE 2014-08   109 83     26  
    1 SH - HEALTH CARE REIT INC REIT 2012-08 PURCHASE 2014-09   63 60     3  
    2 SH - HEALTH CARE REIT INC REIT 2012-08 PURCHASE 2014-09   126 119     7  
    3 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   188 172     16  
    2 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   126 115     11  
    3 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   188 172     16  
    4 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   251 229     22  
    2 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   126 115     11  
    4 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   251 229     22  
    7 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-09   438 401     37  
    1 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   12 11     1  
    1 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   12 11     1  
    2 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   23 22     1  
    4 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   47 45     2  
    3 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   35 34     1  
    1 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   12 11     1  
    1 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   12 11     1  
    6 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   70 67     3  
    6 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-09   70 67     3  
    6 SH - AMERICAN TOWER CORP REIT 2012-01 PURCHASE 2014-10   593 358     235  
    3 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-10   188 172     16  
    7 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-10   439 404     35  
    1 SH - HEALTH CARE REIT INC REIT 2012-09 PURCHASE 2014-10   62 58     4  
    1 SH - HEALTH CARE REIT INC REIT 2012-11 PURCHASE 2014-10   62 59     3  
    2 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   125 119     6  
    3 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   187 178     9  
    3 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   188 178     10  
    4 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   250 236     14  
    1 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   70 59     11  
    1 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   70 59     11  
    1 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-10   70 59     11  
    8 SH - HEALTHCARE TRUST OF AMERICA I 2013-02 PURCHASE 2014-10   94 90     4  
    1 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   12 12        
    5 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   58 60     -2  
    2 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   23 24     -1  
    7 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   81 84     -3  
    6 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   70 72     -2  
    6 SH - HEALTHCARE TRUST OF AMERICA I 2013-04 PURCHASE 2014-10   70 72     -2  
    3 SH - HEALTHCARE TRUST OF AMERICA I 2013-06 PURCHASE 2014-10   35 34     1  
    1 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   13 10     3  
    1 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   13 10     3  
    1 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   13 10     3  
    2 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   25 21     4  
    5 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   62 52     10  
    2 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   24 21     3  
    1 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   12 10     2  
    2 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   25 21     4  
    3 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   37 31     6  
    3 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-11   37 31     6  
    1 SH - COUSINS PROPERTIES INC REIT 2012-12 PURCHASE 2014-11   72 59     13  
    2 SH - COUSINS PROPERTIES INC REIT 2012-12 PURCHASE 2014-11   144 117     27  
    1 SH - COUSINS PROPERTIES INC REIT 2012-12 PURCHASE 2014-11   72 59     13  
    3 SH - COUSINS PROPERTIES INC REIT 2012-12 PURCHASE 2014-11   215 176     39  
    6 SH - HOST HOTELS & RESORTS 2011-02 PURCHASE 2014-11   139 114     25  
    5 SH - HOST HOTELS & RESORTS 2011-04 PURCHASE 2014-11   116 91     25  
    3 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   349 250     99  
    2 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   233 167     66  
    1 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   115 83     32  
    1 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   115 83     32  
    1 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   115 83     32  
    2 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   231 167     64  
    3 SH - SL GREEN REALTY CORP REIT 2012-05 PURCHASE 2014-11   350 250     100  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-11   19 18     1  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-11   38 35     3  
    3 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-11   56 53     3  
    3 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-11   56 53     3  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-11   19 18     1  
    5 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-12   58 52     6  
    1 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-12   11 10     1  
    22 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-12   247 228     19  
    8 SH - COUSINS PROPERTIES INC REIT 2013-07 PURCHASE 2014-12   90 83     7  
    3 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-12   234 177     57  
    2 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-12   156 118     38  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 63     14  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 64     13  
    2 SH - HEALTH CARE REIT INC REIT 2012-12 PURCHASE 2014-12   154 118     36  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 63     14  
    2 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   153 128     25  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 64     13  
    2 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   153 128     25  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 64     13  
    1 SH - HEALTH CARE REIT INC REIT 2013-02 PURCHASE 2014-12   77 64     13  
    3 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   56 53     3  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   38 35     3  
    5 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   95 88     7  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   19 18     1  
    4 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   75 71     4  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   37 35     2  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   38 35     3  
    4 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   75 71     4  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   19 18     1  
    5 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   94 88     6  
    3 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   57 53     4  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   38 35     3  
    4 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   75 70     5  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-09 PURCHASE 2014-12   19 18     1  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-10 PURCHASE 2014-12   18 17     1  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-10 PURCHASE 2014-12   37 35     2  
    2 SH - PIEDMONT OFFICE REALTY TR 2012-10 PURCHASE 2014-12   37 35     2  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-10 PURCHASE 2014-12   18 17     1  
    4 SH - PIEDMONT OFFICE REALTY TR 2012-11 PURCHASE 2014-12   74 71     3  
    1 SH - PIEDMONT OFFICE REALTY TR 2012-11 PURCHASE 2014-12   18 18        
    50000 SH - ROYAL BK OF SCOTLAND PLC 2011-03 PURCHASE 2014-03   50,000 50,000        
    29000 SH - ROYAL BK OF SCOTLAND PLC 2011-04 PURCHASE 2014-04   29,000 29,000        
    50000 SH - BANK OF BARODA CD 2014-06 PURCHASE 2014-09   50,000 50,000        
    10000 SH - WELLS FARGO & CO MULTI ST 2011-09 PURCHASE 2014-09   10,000 10,000        
    1261 SH - FIRST TRUST SELECT DSIP PO 2013-07 PURCHASE 2014-10   13,371 12,484     887  
    1790 SH - FIRST TRUST PORTFOLIOS TAR 2013-07 PURCHASE 2014-10   17,063 17,721     -658  
    3 SH - AUTOMATIC DATA PROCESSING 2011-02 PURCHASE 2014-09   252 149     103  
    9 SH - COLGATE-PALMOLIVE CO 2011-02 PURCHASE 2014-09   588 352     236  
    2 SH - EXXON MOBIL CORP 2011-02 PURCHASE 2014-09   194 172     22  
    4 SH - GENERAL MILLS INC 2011-02 PURCHASE 2014-09   205 149     56  
    2 SH - INTERNATIONAL BUSINESS MACHIN 2011-02 PURCHASE 2014-09   388 325     63  
    3 SH - J M SMUCKER CO 2011-02 PURCHASE 2014-09   301 206     95  
    6 SH - MCDONALDS CORP 2011-02 PURCHASE 2014-09   567 448     119  
    3 SH - MEDTRONIC INC 2012-01 PURCHASE 2014-09   201 115     86  
    3 SH - NEXTERA ENERGY INC 2011-02 PURCHASE 2014-09   285 166     119  
    2 SH - NOVARTIS AG SPON ADR 2011-02 PURCHASE 2014-09   188 112     76  
    3 SH - PHILLIPS 66 2011-02 PURCHASE 2014-09   258 108     150  
    4 SH - POLARIS INDS INC 2011-02 PURCHASE 2014-09   599 151     448  
    2 SH - SIGMA ALDRICH CORP 2011-02 PURCHASE 2014-09   206 127     79  
    5 SH - THE SOUTHERN COMPANY 2011-07 PURCHASE 2014-09   217 202     15  
    5 SH - WAL-MART STORES INC 2011-02 PURCHASE 2014-09   384 261     123  
    15 SH - CDK GLOBAL HOLDINGS LLC 2011-02 PURCHASE 2014-10   391 283     108  
    12 SH - HARRIS CORP DEL 2011-02 PURCHASE 2014-10   791 560     231  
    8 SH - POLARIS INDS INC 2011-02 PURCHASE 2014-10   1,169 283     886  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7304 9,763 9,763

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7113 405,680 405,680
    WELLS FARGO ADVISORS - 7177 760,508 760,508
    WELLS FARGO ADVISORS - 7239 247,427 247,427
    WELLS FARGO ADVISORS - 7304 365,020 365,020
    WELLS FARGO ADVISORS - 0778 183,709 183,709

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    US Government Securities - End of Year Book Value:

    694,085
    US Government Securities - End of Year Fair Market Value:

    694,085
    State & Local Government Securities - End of Year Book Value:


    198,167
    State & Local Government Securities - End of Year Fair Market Value:


    198,167


    TY 2014 InvestmentsOtherSchedule2
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WELLS FARGO 7304 EQUITY TRUSTS FMV 46,545 46,545
    WELLS FARGO 7304 FOREIGN BONDS FMV 70,949 70,949

    TY 2014 LegalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 5,436 5,436    


    TY 2014 OtherAssetsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INCOME RECEIVABLE 4,029 4,887 4,887


    TY 2014 OtherExpensesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 5 5    


    TY 2014 OtherIncreasesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 26,441 26,441    


    TY 2014 TaxesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    C/O ARTHUR SHIDA
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 75 75    
    FEDERAL INVESTMENT TAX 1,877 1,877