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
DOROTHY M M KERSTEN TR UA 04-4825
 

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

31-6258173
B Telephone number (see instructions)

(513) 632-4588
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$24,863,181J 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...... 778,192 777,249 943
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 851,896
b Gross sales price for all assets on line 6a 2,272,881
7 Capital gain net income (from Part IV, line 2)... 851,896
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,630,088 1,629,145 943
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 341,422 307,280   34,142
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 40,006 11,046   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 206 6   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 383,134 318,332 0 35,842
25 Contributions, gifts, grants paid........ 1,076,210 1,076,210
26 Total expenses and disbursements. Add lines 24 and 25 1,459,344 318,332 0 1,112,052
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 170,744
b Net investment income (if negative, enter -0-) 1,310,813
c Adjusted net income (if negative, enter -0-)... 943
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.......... 1,131,595 997,626 997,626
3 Accounts receivable bullet38,732
Less: allowance for doubtful accounts bullet     38,732 38,732
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,949,912 Click to see attachment6,027,570 11,279,346
c Investments—corporate bonds (attach schedule)........ 702,692 Click to see attachment493,883 516,995
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 10,983,576 Click to see attachment11,379,986 12,030,482
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) 18,767,775 18,937,797 24,863,181
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......... 18,767,775 18,937,797
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 18,767,775 18,937,797
31 Total liabilities and net assets/fund balances (see instructions).. 18,767,775 18,937,797
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 18,767,775
2 Enter amount from Part I, line 27a..................... 2 170,744
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 18,938,519
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 722
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 18,937,797
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 14. KNOWLES CORP   2011-06-02 2014-07-09
b 11. KNOWLES CORP   2011-06-02 2014-07-09
c 16. KNOWLES CORP   2011-06-02 2014-07-09
d 18. KNOWLES CORP   2011-06-02 2014-07-09
e 200. BOEING CO   2011-01-26 2014-07-15
250. THERMO ELECTRON CORP   2009-04-03 2014-07-15
200. UNITED TECHNOLOGIES CORP   2002-06-06 2014-07-15
250. ACCENTURE PLC CL A   2010-07-30 2014-07-15
105. BRUNSWICK CORP   2011-06-02 2014-07-28
. CITIGROUP INC     2014-07-28
48. DOLLAR TREE INC   2011-06-02 2014-07-28
83. E M C CORP MASS   2011-06-02 2014-07-28
91. FOOT LOCKER INC   2011-06-02 2014-07-28
153. FORD MOTOR COMPANY   2011-06-02 2014-07-28
13. KNOWLES CORP   2011-06-02 2014-07-28
82.617 NEUBERGER BERMAN GENESIS INSTL FD   2011-06-02 2014-07-28
127.55 NUVEEN SMALL CAP SELECT FD CL I     2014-07-28
166. ON SEMICONDUCTOR CORPORATION   2011-06-02 2014-07-28
46. TERADATA CORP   2011-06-02 2014-07-28
.7479 CBS OUTDOOR AMERICAS INC   2012-05-01 2014-07-29
1500. LINEAR TECHNOLOGY CORP     2014-08-07
200. AMERIPRISE FINL INC   2010-09-16 2014-09-03
13. KNOWLES CORP   2011-06-02 2014-09-03
12. KNOWLES CORP   2011-06-02 2014-09-03
. MOTOROLA INC     2014-09-03
11. NOW INC DE W I   2011-06-02 2014-09-04
25000. AT T INC 5.100% 9/15/14   2009-01-21 2014-09-15
250. CONOCOPHILLIPS   2009-07-01 2014-09-25
150. EXXON MOBIL CORP   2012-05-02 2014-09-25
250. HALLIBURTON CO   2007-10-02 2014-09-25
200. NIKE INC CL B COM   2011-09-23 2014-10-01
. DELL INC     2014-10-07
. DELL INC     2014-10-07
. DELL INC     2014-10-07
350. ISHARES RUSSELL 2000 INDEX ETF   2012-02-03 2014-10-09
.6667 CDK GLOBAL INC   2011-06-02 2014-10-10
.6667 CDK GLOBAL INC   2011-06-02 2014-10-10
.3333 CDK GLOBAL INC   2011-06-02 2014-10-10
.6667 CDK GLOBAL INC   2011-06-02 2014-10-10
.3333 CDK GLOBAL INC   2011-06-02 2014-10-10
.3333 CDK GLOBAL INC   2011-06-02 2014-10-10
12511.895 NUVEEN MID CAP INDEX FUND CL I     2014-10-17
1607.717 NUVEEN MID CAP INDEX FUND CL I   2009-03-10 2014-10-17
6569.044 NUVEEN SMALL CAP SELECT FD CL I     2014-10-17
9290.503 NUVEEN SMALL CAP SELECT FD CL I     2014-10-17
447.951 NUVEEN SMALL CAP SELECT FD CL I     2014-10-17
500. FINANCIAL SELECT SECTOR SPDR ETF   2013-07-09 2014-10-21
1480. ISHARES MSCI EAFE ETF   2014-04-21 2014-10-27
134. ISHARES MSCI EAFE ETF   2007-12-05 2014-10-27
49. DIRECTV   2011-06-02 2014-10-31
100. ISHARES MIDCAP INDEX FD   2012-02-03 2014-10-31
250. MC DONALD'S CORP   2010-07-30 2014-10-31
26. SONY CORP AMERN SH NEW   2011-06-02 2014-10-31
61. MACYS INC   2011-06-02 2014-11-03
1033.927 NUVEEN HIGH INCOME BOND FD CL I   2011-06-02 2014-11-03
651.466 NUVEEN HIGH INCOME BOND FD CL I   2014-04-30 2014-11-03
62. T J X COS INC NEW   2008-07-02 2014-11-03
25000. MORGAN STANLEY 4.200% 11/20/14   2010-07-22 2014-11-20
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
.5 JARDEN CORP   2011-06-02 2014-12-04
.5 JARDEN CORP   2011-06-02 2014-12-04
.5 JARDEN CORP   2011-06-02 2014-12-04
.5 JARDEN CORP   2011-06-02 2014-12-04
.5 JARDEN CORP   2011-06-02 2014-12-04
900. APACHE CORP   2003-08-01 2014-12-10
12310.694 CREDIT SUISSE COMM RET ST CO     2014-12-10
8733.466 CREDIT SUISSE COMM RET ST CO   2014-06-05 2014-12-10
425. ISHARES DOW JONES US REAL ESTATE ETF     2014-12-10
2000. MARATHON OIL CORPORATION   2010-05-25 2014-12-10
3510.751 NUVEEN HIGH INCOME BOND FD CL I   2012-03-19 2014-12-10
6002.401 OPPENHEIMER SENIOR FLOATING RATE I   2013-07-09 2014-12-10
.2 CALIFORNIA RESOURCES CORP   2011-06-02 2014-12-23
.4 CALIFORNIA RESOURCES CORP   2011-06-02 2014-12-23
.4 CALIFORNIA RESOURCES CORP   2011-06-02 2014-12-23
.6 CALIFORNIA RESOURCES CORP   2011-06-02 2014-12-23
.2 CALIFORNIA RESOURCES CORP   2011-06-02 2014-12-23
.193 OUTFRONT MEDIA INC   2012-05-01 2015-01-08
17. KNOWLES CORP   2011-06-02 2015-01-23
150. BRISTOL-MYERS SQUIBB CO   2011-09-23 2015-02-13
250. CARDINAL HEALTH INC   2013-01-11 2015-02-13
150. DISNEY WALT CO   2012-02-03 2015-02-13
150. NIKE INC CL B COM   2011-09-23 2015-02-13
361.982 NUVEEN INTERNATIONAL GROWTH I   2001-10-24 2015-02-13
1202.506 NUVEEN INTERNATIONAL GROWTH I   2014-04-22 2015-02-13
500. REPUBLIC SVCS INC COM   2003-07-31 2015-02-13
18. MEDTRONIC INC   2001-08-06 2015-02-18
1000. MEDTRONIC INC   2004-04-12 2015-02-18
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
. CLASS ACTION PROCEEDS     2015-03-04
26. ALLERGAN INC   2011-06-02 2015-03-17
32. ALLERGAN INC   2011-06-02 2015-03-17
19. ALLERGAN INC   2011-06-02 2015-03-17
19. ALLERGAN INC   2011-06-02 2015-03-17
24. ALLERGAN INC   2011-06-02 2015-03-17
30. ALLERGAN INC   2011-06-02 2015-03-17
20. ALLERGAN INC   2011-06-02 2015-03-17
31. ALLERGAN INC   2011-06-02 2015-03-17
100000. PRAXAIR INC 4.625% 3/30/15   2009-07-07 2015-03-30
25000. PRAXAIR INC 4.625% 3/30/15   2009-07-07 2015-03-30
25000. PRAXAIR INC 4.625% 3/30/15   2009-07-07 2015-03-30
.9977 ACTAVIS PLC   2015-03-17 2015-04-01
.366 ACTAVIS PLC   2015-03-17 2015-04-01
.049 ACTAVIS PLC   2015-03-17 2015-04-01
.8392 ACTAVIS PLC   2015-03-17 2015-04-01
.5758 ACTAVIS PLC   2015-03-17 2015-04-01
.9977 ACTAVIS PLC   2015-03-17 2015-04-01
.4173 ACTAVIS PLC   2015-03-17 2015-04-01
.7856 ACTAVIS PLC   2015-03-17 2015-04-01
. CLASS ACTION PROCEEDS     2015-04-15
100. APACHE CORP   2002-08-07 2015-05-12
100. CONOCOPHILLIPS   2009-03-10 2015-05-12
100. SCHLUMBERGER LTD   2003-07-31 2015-05-12
100. VALERO ENERGY CORP   2013-07-09 2015-05-12
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 419   294 125
b 329   231 98
c 479   336 143
d 539   377 162
e 25,981   13,950 12,031
29,476   8,882 20,594
23,020   6,816 16,204
19,825   9,892 9,933
4,374   2,094 2,280
59     59
2,685   1,484 1,201
2,456   2,349 107
4,407   2,177 2,230
2,687   2,182 505
380   273 107
4,974   4,096 878
2,004   1,646 358
1,441   1,796 -355
1,931   2,516 -585
24   12 12
65,527   37,741 27,786
25,627   9,486 16,141
422   274 148
390   252 138
61     61
359   321 38
25,000   25,588 -588
19,537   8,233 11,304
14,344   12,906 1,438
16,110   9,623 6,487
17,658   8,935 8,723
89     89
102     102
134     134
38,075   29,005 9,070
18   14 4
18   14 4
9   7 2
18   14 4
9   7 2
9   7 2
217,457   113,901 103,556
27,942   10,000 17,942
97,944   84,654 13,290
138,521   123,035 15,486
6,679   3,118 3,561
11,275   10,075 1,200
91,699   100,180 -8,481
8,302   11,146 -2,844
4,205   2,437 1,768
16,329   10,755 5,574
23,409   17,283 6,126
506   693 -187
3,492   1,704 1,788
9,202   9,512 -310
5,798   6,000 -202
3,947   972 2,975
25,000   25,500 -500
44     44
254     254
285     285
371     371
254     254
254     254
169     169
254     254
673     673
40     40
22   7 15
22   7 15
22   7 15
22   7 15
22   7 15
52,339   27,856 24,483
78,542   100,000 -21,458
55,720   66,462 -10,742
32,805   27,444 5,361
52,800   36,016 16,784
29,876   30,965 -1,089
48,980   50,000 -1,020
1   2 -1
2   4 -2
2   4 -2
3   5 -2
1   2 -1
5   3 2
364   357 7
8,952   4,617 4,335
21,430   10,752 10,678
15,615   5,958 9,657
13,824   6,702 7,122
13,875   15,913 -2,038
46,092   60,000 -13,908
19,585   7,920 11,665
1,355   805 550
75,260   47,795 27,465
6     6
4     4
4     4
6     6
5     5
6     6
4     4
5     5
6,280   2,115 4,165
7,730   2,603 5,127
4,589   1,546 3,043
4,589   1,546 3,043
5,797   1,952 3,845
7,247   2,440 4,807
4,831   1,631 3,200
7,488   2,522 4,966
100,000   105,147 -5,147
25,000   26,287 -1,287
25,000   26,287 -1,287
294   304 -10
108   112 -4
14   15 -1
247   256 -9
170   176 -6
294   304 -10
123   127 -4
231   240 -9
59     59
6,370   2,340 4,030
6,530   2,931 3,599
9,266   2,240 7,026
5,765   3,452 2,313
      431,970
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       125
b       98
c       143
d       162
e       12,031
      20,594
      16,204
      9,933
      2,280
      59
      1,201
      107
      2,230
      505
      107
      878
      358
      -355
      -585
      12
      27,786
      16,141
      148
      138
      61
      38
      -588
      11,304
      1,438
      6,487
      8,723
      89
      102
      134
      9,070
      4
      4
      2
      4
      2
      2
      103,556
      17,942
      13,290
      15,486
      3,561
      1,200
      -8,481
      -2,844
      1,768
      5,574
      6,126
      -187
      1,788
      -310
      -202
      2,975
      -500
      44
      254
      285
      371
      254
      254
      169
      254
      673
      40
      15
      15
      15
      15
      15
      24,483
      -21,458
      -10,742
      5,361
      16,784
      -1,089
      -1,020
      -1
      -2
      -2
      -2
      -1
      2
      7
      4,335
      10,678
      9,657
      7,122
      -2,038
      -13,908
      11,665
      550
      27,465
      6
      4
      4
      6
      5
      6
      4
      5
      4,165
      5,127
      3,043
      3,043
      3,845
      4,807
      3,200
      4,966
      -5,147
      -1,287
      -1,287
      -10
      -4
      -1
      -9
      -6
      -10
      -4
      -9
      59
      4,030
      3,599
      7,026
      2,313
       
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 2 851,896
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 1,432,310 23,993,950 0.059695
2012 620,852 22,213,670 0.027949
2011 1,347,413 20,967,520 0.064262
2010 884,865 22,031,205 0.040164
2009 1,006,485 20,348,637 0.049462
2 Total of line 1, column (d) ...................... 2 0.241532
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 0.048306
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 24,683,787
5 Multiply line 4 by line 3....................... 5 1,192,375
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 13,108
7 Add lines 5 and 6......................... 7 1,205,483
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,112,052
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 26,216
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 26,216
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 26,216
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 32,645
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,645
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,429
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet6,429 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NA Telephone no.bullet (513) 632-4588
    Located atbulletP O BOX 1118 ML CN-OH-W10XCINCINNATIOH ZIP+4bullet452011118
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK NA TRUSTEE
    10     		341,422    
    PO BOX 1118 ML CN-OH-W10X
    CINCINNATI,OH452011118
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,025,121
    b
    Average of monthly cash balances.......................
    1b
    1,034,561
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,059,682
    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
    25,059,682
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    375,895
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,683,787
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,234,189
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,234,189
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    26,216
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    26,216
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,207,973
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,207,973
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,207,973
    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
    1,112,052
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,112,052
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,112,052
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,207,973
    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....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 102,332
    fTotal of lines 3a through e......... 102,332
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,112,052
    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..... 1,112,052
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 95,921 95,921
    (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 6,411
    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 ......     		6,411
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 6,411
    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 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
    SHRINERS HOSPITAL FOR CRIPPLED
    CHILDREN
    PO BOX 31356
    TAMPA,FL336313356     		NONE PUBLIC CHARITABLE 35,645
    CINCINNATI CHILDREN'S HOSIPTAL
    ATTN KENNETH MASSEY PRESIDENT
    3333 BURNET AVE
    CINCINNATI,OH452293026     		NONE PUBLIC CHARITABLE 96,507
    ZOOLOGICAL SOCIETY OF CINCINNATI
    ATTN MARY NEWMAN
    3400 VINE STREET
    CINCINNATI,OH452201333     		NONE PUBLIC CHARITABLE 32,169
    CHURCH OF THE ADVENT
    2366 KEMPER LN
    CINCINNATI,OH452062611     		NONE PUBLIC CHARITABLE 35,645
    GREATER CINCINNATI TELEVISION
    EDUCATIONAL FOUNDATION
    1223 CENTRAL PARKWAY
    CINCINNATI,OH45214     		NONE PUBLIC CHARITABLE 35,645
    LITTLE SISTERS OF THE POOR
    ATTN SR ANNE DOYLE ISP
    476 RIDDLE ROAD
    CINCINNATI,OH452202493     		NONE PUBLIC CHARITABLE 32,169
    AMERICAN HEART ASSOCIATION
    5455 NORTH HIGH STREET
    COLUMBUS,OH43214     		NONE PUBLIC CHARITABLE 59,409
    HISTORIC SOUTHWEST OHIO
    ATTN JANE MCCONE EXEC DIRECTOR
    PO BOX 62475
    CINCINNATI,OH452620475     		NONE PUBLIC CHARITABLE 19,301
    PUBLIC LIBRARY OF CINCINNATI
    AND HAMILTON COUNTY
    800 VINE STREET
    CINCINNATI,OH452022009     		NONE PUBLIC CHARITABLE 32,169
    SALVATION ARMY
    114 EAST CENTRAL PARK WAX
    CINCINNATI,OH45202     		NONE PUBLIC CHARITABLE 59,409
    AMERICAN CANCER SOCIETY
    PO BOX 720366
    OKLAHOMA CITY,OK73162     		NONE PUBLIC CHARITABLE 59,409
    SHAKERTOWN AT PLEASANT HILL
    ATTN MADGE D ADAMS PRESIDENT
    3501 LEXINGTON RD
    HARRODSBURG,KY403309218     		NONE PUBLIC CHARITABLE 32,169
    CINCINNATI ART MUSEUM
    953 EDEN PARK DR
    CINCINNATI,OH452021557     		NONE PUBLIC CHARITABLE 142,582
    CINCINNATI PRESERVATION ASSOCIATION
    342 WEST FOURTH ST
    CINCINNATI,OH452022603     		NONE PUBLIC CHARITABLE 11,882
    NAT'L TR FOR HISTORIC PRESERVATION
    1785 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC200362117     		NONE PUBLIC CHARITABLE 47,527
    UNITED WAY
    2400 READING RD
    CINCINNATI,OH452021458     		NONE PUBLIC CHARITABLE PURPOSES 35,645
    CINCINNATI MUSEUM CENTER
    ATTN A LARRY SISK CFO
    1301 WESTERN AVE
    CINCINNATI,OH452031138     		NONE PUBLIC CHARITABLE 142,582
    ARTSWAVE CINCINNATI
    ATTN TERESA S HAUGHT
    20 EAST CENTRAL PKWY
    CINCINNATI,OH45202     		NONE PUBLIC CHARITABLE 166,346
    Total .................................bullet 3a 1,076,210
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 778,192  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 851,896  
    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)..   1,630,088  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,630,088
    (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:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HONEYWELL 5.30 3/15/17 100,067 107,258
    ATT INC 5.10 9/15/2014    
    PRAXAIR INC 4.625 3/30/2015    
    GOLDMAN SACHS GROUP INC 5.375 100,416 111,352
    MORGAN STANLEY 4.20 11/20/14    
    GOLDMAN SACHS GROUP 3.7 8/1/15 100,732 100,212
    COCA COLA CO 2.450 11/1/20 49,754 50,746
    ANHEUSER BUSCH INBEV WOR 47,301 48,084
    ORACLE CORP 2.50 10/15/22 46,788 48,181
    BAXTER INTL INC 48,825 51,162

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLSTATE CORP 52,560 77,844
    APACHE CORP 23,039 37,748
    CVS/CAREMARK CORP 36,697 104,880
    CONOCOPHILLIPS 124,963 215,119
    COSTCO WHSL CORP 92,600 286,057
    EXELON CORPORATION 78,467 54,200
    GENERAL ELEC CO 93,861 184,369
    HEWLETT PACKARD CO 5,013 5,582
    HUMANA INC 27,354 143,460
    ILLINOIS TOOL WORKS 17,702 36,716
    J P MORGAN CHASE & CO 342,999 522,768
    JOHNSON & JOHNSON 224,832 371,615
    LINEAR TECHNOLOGY CORP    
    LOWES COS INC 66,555 178,676
    MCDONALDS CORP 132,580 294,717
    MEDTRONIC INC 78,335 75,434
    NIKE INC CL B 123,302 318,659
    NORFOLK SOUTHN CORP 19,149 26,208
    PEPSICO INC 64,600 171,466
    PROCTER & GAMBLE CO 143,801 235,346
    REPUBLIC SVCS INC 98,966 186,802
    TEXAS INSTRUMENTS INC 46,560 103,020
    UNION PAC CORP 23,030 95,370
    UNITED TECHNOLOGIES CORP 93,109 300,842
    VERIZON COMMUNICATIONS INC 163,612 216,410
    WASTE MGMT INC DEL 19,405 23,175
    WELLS FARGO CO 101,365 269,952
    ACCENTURE LTD 112,650 442,865
    SCHLUMBERGER LTD 62,367 197,203
    MICROSOFT CORP 52,471 115,408
    ABBOTT LABORATORIES 12,975 24,540
    ALCOA INC 12,466 12,365
    ALTRIA GROUP INC 7,809 14,673
    AMGEN INC 49,178 122,816
    ARCHER DANIELS MIDLAND CO 36,760 48,220
    BOEING CO 112,146 250,806
    BRISTOL-MYERS SQUIBB CO 141,564 333,033
    CARDINAL HEALTH INC 38,799 88,000
    CHEVRON CORPORATION 2,638 10,322
    DUKE ENERGY CORP 488 1,624
    EMC CORP 47,973 46,420
    EMERSON ELEC CO 40,048 71,061
    EXPRESS SCRIPTS INC 13,297 20,278
    EXXON MOBIL CORP 82,318 115,565
    FED EX CORP 62,818 163,243
    GOLDMAN SACHS GROUP INC 70,245 116,505
    HALLIBURTON CO 28,868 32,303
    INTUIT INC 1,023 4,736
    NEWMONT MINING CORPORATION 10,135 4,672
    OCCIDENTAL PETROLEUM CORP 17,765 13,765
    P G & E CORP 14,104 15,319
    PFIZER INC 157,068 289,330
    QUALCOMM INC 71,511 124,195
    SCHWAB CHARLES CORP 29,055 74,932
    TJX COS INC 24,305 102,431
    TARGET CORPORATION 11,688 20,979
    THERMO FISHER SCIENTIFIC INC 26,645 97,320
    WALMART STORES INC 1,540 2,341
    PRAXAIR INC 24,311 89,663
    ATT INC 56,216 71,040
    CSX CORP 35,168 81,625
    FIRST ENERGY CORP 22,404 16,275
    INTERNATIONAL BUSINESS MACHS 191,463 195,192
    MARATHON OIL CORP    
    MERCK & CO INC NEW 35,438 56,930
    PUBLIC SVC ENTERPRISE GROUP 31,930 39,280
    SIMON PROPERTY GROUP INC 97,302 207,624
    APPLE INC 163,735 288,603
    BANK OF AMERICA CORP 189,716 195,730
    ALLERGAN INC 21,045 20,939
    AMERICAN TOWER CORP 18,642 31,905
    AMERPRISE FINL INC 9,486 24,986
    ANADARKO PETROLEUM CORP 15,189 15,378
    AUTOMATIC DATA PROCESSING 10,792 18,292
    BRUNSWICK CORP 15,373 39,162
    CAMERON INTL CORP 11,778 13,302
    CAPITAL ONE FINANCIAL 12,319 20,585
    CATERPILLAR INC 15,762 13,062
    CITIGROUP INC 59,775 76,507
    DIRECTV CL A 19,400 36,188
    DISNEY WALT 112,765 313,885
    DOLLAR TREE INC 10,770 27,489
    DOVER CORP 12,399 16,352
    DR PEPPER SNAPPLE 1,687 3,062
    EATON CORP 9,773 13,363
    FIFTH THIRD BANK 15,344 25,754
    FOOT LOCKER 15,382 43,020
    FORD MOTOR CO 16,855 17,727
    JARDEN CORP 14,691 51,802
    KELLOG CO 8,562 9,656
    MACYS INC 31,679 50,130
    MASTERCARD INC 21,333 70,110
    MCKESSON CORP 13,661 36,194
    NATIONAL OILWELL VARCO 19,684 14,629
    ON SEMICONDUCTOR CORP 13,567 14,636
    PARKER HANNIFIN CORP 17,441 23,382
    PHILIP MORRIS 57,555 68,145
    PRUDENTIAL FINANCIAL INC 19,811 28,094
    SLM CORP 6,659 10,936
    ST JUDE MED INC 16,405 24,405
    STARBUCKS 21,168 63,158
    SUNTRUST BKS 11,937 19,574
    TERADATA CORP DEL 19,106 12,913
    UNITED HEALTH GROUP 23,336 57,706
    WHITING PETROLEUM CORP 26,091 13,642
    ACE LTD 18,133 27,047
    CHECK POINT SOFTWARE 17,246 24,581
    SONY CORP 5,436 5,792
    CBS CORP CLASS B 21,368 35,465
    HASBRO INC 158,006 295,421
    HOLLYFRONTIER CORP 15,479 22,626
    MARATHON PETROLEUM CORP 24,363 104,620
    PHILLIPS 66 10,885 43,180
    ROYAL BK SCOTLAND GROUP 12,533 16,605
    ZOETIS 15,442 31,536
    ABBVIE INC 14,070 33,595
    NVIDIA CORP 24,027 40,220
    CONAGRA FOODS INC 85,367 120,230
    DANAHER CORP 78,490 85,590
    DENBURY RESOURCES INC 25,185 9,540
    FMC TECHNOLOGIES INC 58,800 41,490
    KNOWLES CORP    
    NAVIENT CORP W D 11,890 20,177
    NOW INC DE W I 1,812 1,234
    VALERO ENERGY CORP 13,808 25,040
    WASHINGTON PRIME GROUP    
    ALIBABA GROUP HOLDING LTD A D 26,568 24,681
    CDK GLOBAL INC 1,500 3,941
    CALIFORNIA RESOURCES CORP 625 417
    GOODYEAR TIRE RUBBER CO 13,028 15,075
    JUNIPER NETWORKS INC 48,831 64,925
    OUTFRONT MEDIA INC 4,471 6,790
    P N C FINANCIAL SERVICES GROUP 46,164 47,825
    SPLUNK INC 25,772 27,848
    WP GLIMCHER INC 6,193 8,118

    TY 2014 InvestmentsOtherSchedule2
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NUVEEN INFLATION PRO SEC AT COST 100,000 121,634
    NUVEEN INTERNATIONAL SELECT AT COST 492,164 443,557
    NUVEEN MID CAPITAL IND AT COST 478,676 782,110
    NUVEEN SMALL CAP SELEC AT COST 400,899 407,927
    ISHARES BARCLAYS TIPS BOND FUN AT COST 237,977 262,869
    ISHARES MSCI EMERGING MRKTS IN AT COST 713,291 657,692
    CREDIT SUISSE COMM RET ST CO AT COST 121,938 119,299
    NUVEEN INTER GOVT BD AT COST 290,183 296,562
    AMERICAN CENT EQUITY INCOME AT COST 293,930 328,579
    BLACKROCK CAPITAL APPREC AT COST 293,753 327,621
    GOLDMAN SACHS M C VALUE AT COST 163,145 177,663
    INV BALANCE RISK COMM      
    NEUBERGER BERMAN GENESIS AT COST 173,765 207,762
    NUVEEN HIGH INCOME BOND FD AT COST 404,202 371,724
    NUVEEN REAL ESTATE AT COST 422,959 450,855
    OPPENHEIMER DEVELOPING MKTS AT COST 290,714 282,592
    SCOUT INTERNATIONAL AT COST 611,551 612,705
    SPDR DJ WILSHIRS INTERNATIONAL AT COST 239,262 245,551
    T ROWE PRICE INTL BOND FD AT COST 204,618 166,362
    T ROWE PRICE INTL GR & INC AT COST 477,643 494,748
    ISHARES RUSSELL MIDCAP AT COST 43,020 68,124
    ISHARES RUSSELL 2000 INDEX      
    NUVEEN STRATEGIC INCOME AT COST 1,011,142 1,073,350
    TCW EMERGING MARKETS AT COST 110,543 97,760
    FINANCIAL SELECT SECTOR SPDR AT COST 29,590 48,760
    MIDCAP SPDR TRUST AT COST 118,124 163,920
    NUVEEN FDS CORE BD FG AT COST 31,491 31,054
    ISHARES CORE S&P SMALL CAP AT COST 26,758 41,258
    ISHARES DJ US REAL ESTATE AT COST 581,731 626,014
    OPPENHEIMER SENIOR FLOATING AT COST 100,000 96,879
    ISHARES S P U S PREFERRED STOC AT COST 289,919 287,508
    SPDR GOLD SHARES ETF AT COST 59,914 56,185
    T ROWE PRICE MID CAP GROWTH FD AT COST 279,981 365,892
    AQR MANAGED FUTURES STR AT COST 410,000 437,573
    ISHARES MSCI EAFE ETF AT COST 1,765,927 1,775,561
    ISHARES IBOXX INVEST GRADE COR AT COST 99,874 95,469
    INV BALANCE RISK COMM STR Y AT COST 11,302 7,363

    TY 2014 OtherDecreasesSchedule
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 200 0   200
    OTHER NONALLOCABLE EXPENSES - 6 6   0


    TY 2014 TaxesSchedule
    Name:
    DOROTHY M M KERSTEN TR UA 04-4825
    EIN: 31-6258173
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 28,960 0   0
    FOREIGN TAXES ON QUALIFIED FOR 8,752 8,752   0
    FOREIGN TAXES ON NONQUALIFIED 2,294 2,294   0