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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
OLESON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6645 N LONG LAKE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TRAVERSE CITY, MI49684
A Employer identification number

38-6083080
B Telephone number (see instructions)

(231) 946-9349
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,470,448J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 4,800
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 2,103 2,103  
4 Dividends and interest from securities... 495,770 495,770  
5a Gross rents............ 724,500 724,500  
b Net rental income or (loss) 346,075
6a Net gain or (loss) from sale of assets not on line 10 450,760
b Gross sales price for all assets on line 6a 6,031,839
7 Capital gain net income (from Part IV, line 2)... 450,760
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 16,775 16,775  
12 Total. Add lines 1 through 11........ 1,694,708 1,689,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,063 15,016   45,047
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 74 0   74
b Accounting fees (attach schedule)....... Click to see attachment 13,506 13,506   0
c Other professional fees (attach schedule).... Click to see attachment 83,809 83,809   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 202,303 145,269   3,316
19 Depreciation (attach schedule) and depletion... Click to see attachment 97,771 97,771  
20 Occupancy.............. 4,800 2,400   2,400
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 90,042 83,245   6,797
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 552,368 441,016   57,634
25 Contributions, gifts, grants paid....... 1,107,656 1,107,656
26 Total expenses and disbursements. Add lines 24 and 25 1,660,024 441,016   1,165,290
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 34,684
b Net investment income (if negative, enter -0-) 1,248,892
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 234,153 300,108 300,108
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet6,637,892
Less: accumulated depreciation (attach schedule) bullet1,793,173 4,925,072 Click to see attachment4,844,719 3,845,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,756,810 Click to see attachment10,727,161 10,312,340
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment101,868 Click to see attachment101,868 Click to see attachment13,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,017,903 15,973,856 14,470,448
Liabilities 17 Accounts payable and accrued expenses.......... 563 1,463
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)......... 563 1,463
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 16,017,340 15,972,393
30 Total net assets or fund balances (see instructions)..... 16,017,340 15,972,393
31 Total liabilities and net assets/fund balances (see instructions). 16,017,903 15,973,856
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
16,017,340
2
Enter amount from Part I, line 27a .....................
2
34,684
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,052,024
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
79,631
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
15,972,393
Form 990-PF (2015)
Form 990-PF (2015)
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 IPEX 9110 SHORT TERM     2015-05-31
b IPEX 9110 LONG TERM     2015-05-31
c IPEX 9110 SHORT TERM     2015-06-30
d IPEX 9110 LONG TERM     2015-06-30
e IPEX 9110 SHORT TERM     2015-07-31
SCHWAB 4123 SHORT TERM     2015-06-30
SCHWAB 4123 LONG TERM     2015-06-30
SCHWAB 4123 LONG TERM     2015-12-02
CLAYMORE EXCHANGE   2015-05-13 2015-11-09
DOUBLELINE CORE FIXED INCOME   2014-06-03 2015-05-13
METROPOLITAN WEST TOTAL RETURN   2014-10-07 2015-05-13
VANGUARD INDEX   2015-05-13 2015-11-09
AMERICAN NEW WORLD FUND   2009-12-08 2015-11-09
CLAYMORE EXCHANGE   2013-08-27 2015-05-13
METROPOLITAN WEST TOTAL RETURN   2014-10-07 2015-11-09
PERMANENT PORTFOLIO   2009-01-28 2015-11-09
ROYCE PREMIER FUND   2009-01-28 2015-05-13
SPRTN TOTAL MKT   2014-02-24 2015-11-09
TEMPLETON GLOBAL BOND   2011-08-01 2015-11-09
WISDOMTREE TR   2011-02-22 2015-11-09
MACQUARIE INTL INFR ORDF   2010-05-25 2015-03-02
FYFFES PLC ORD F   2010-08-06 2015-08-27
MACQUARIE INTL INFR ORDF   2010-08-18 2015-03-02
FYFFES PLC ORD F   2010-12-09 2015-08-27
FYFFES PLC ORD F   2010-12-09 2015-09-21
ASCENDAS INDIA TR ORD F   2011-03-17 2015-10-15
STARHILL GLOBAL ORD FREIT   2011-03-29 2015-01-21
PT LIPPO KARAWACI ORD F   2011-06-21 2015-03-19
STARHILL GLOBAL ORD FREIT   2011-08-08 2015-01-21
ASCENDAS INDIA TR ORD F   2011-10-12 2015-10-15
PT LIPPO KARAWACI ORD F   2011-10-19 2015-03-19
STARHILL GLOBAL ORD FREIT   2011-10-21 2015-01-21
ASCOTT RESIDENCE TRUST FREIT   2011-11-30 2015-01-22
FYFFES PLC ORD F   2011-12-22 2015-09-21
ALTERNATIVE INVT TRUST F   2011-12-29 2015-09-03
STARHILL GLOBAL ORD FREIT   2012-01-03 2015-01-21
ASCOTT RESIDENCE TRUST FREIT   2012-01-12 2015-01-22
ASCENDAS INDIA TR ORD F   2012-01-12 2015-10-15
ALTERNATIVE INVT TRUST F   2012-02-06 2015-09-03
DOVER SADDLERY INC   2012-02-13 2015-01-09
STARHILL GLOBAL ORD FREIT   2012-02-27 2015-01-21
DOVER SADDLERY INC   2012-04-03 2015-01-09
STARHILL GLOBAL ORD FREIT   2012-05-23 2015-01-21
ALTERNATIVE INVT TRUST F   2012-06-01 2015-09-03
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-05-20
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-05-20
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-06-19
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-08-19
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-09-23
TOTAL PRODUCE PLC ORD F   2012-07-06 2015-09-23
CITY NATURAL RES ORD F   2012-08-22 2015-03-06
BHF KLEINWRT BENSON ORDF   2012-11-23 2015-07-28
CITY NATURAL RES ORD F   2013-03-08 2015-03-06
ASCENDAS INDIA TR ORD F   2013-03-12 2015-10-15
LUXEMPART SA ORD F   2013-03-27 2015-02-24
LUXEMPART SA ORD F   2013-03-27 2015-03-06
DOVER SADDLERY INC   2013-05-14 2015-01-09
DOMINION DIAMOND CORP F   2013-05-15 2015-04-23
DOMINION DIAMOND CO F   2013-05-15 2015-10-30
BHF KLEINWRT BENSON ORDF   2013-05-23 2015-07-28
MACQUARIE INTL INFR ORDF   2013-06-05 2015-03-02
ALLIANCEBERNSTEIN INCOME   2013-06-07 2015-08-20
ALLIANCEBERNSTEIN INCOME   2013-06-07 2015-09-04
ALLIANCEBERNSTEIN INCOME   2013-06-12 2015-09-04
GAMCO GLOB GOLD 5% PFDPFD SER B   2013-06-12 2015-10-28
MONTGOMERY ST INCOME SEC   2013-08-02 2015-02-06
MONTGOMERY ST INCOME SEC   2013-08-07 2015-02-06
MONTGOMERY ST INCOME SEC   2013-08-12 2015-02-06
INVESCO BOND FUND   2013-08-13 2015-11-20
NUVEEN GLB HIGH INC FD   2013-08-19 2015-01-16
HANCOCK JOHN PREM DIV FDPREM DIVIDEND FD   2013-08-19 2015-02-04
FORT DEARBORN INCOME   2013-08-19 2015-07-08
HANCOCK JOHN PREM DIV FDPREM DIVIDEND FD   2013-08-20 2015-02-04
MONTGOMERY ST INCOME SEC   2013-08-23 2015-02-06
REDEFINE PPTYS NEW ORD F   2013-08-27 2015-02-12
FOUNTAINHEAD PPTY ORD F   2013-08-29 2015-03-13
DOMINION DIAMOND CO F   2013-08-29 2015-10-30
ASCOTT RESIDENCE TRUST FREIT   2013-09-03 2015-01-22
HANCOCK JOHN PREM DIV FDPREM DIVIDEND FD   2013-09-05 2015-02-04
HANCOCK JOHN PREM DIV FDPREM DIVIDEND FD   2013-09-06 2015-02-04
HANCOCK JOHN PREM DIV FDPREM DIVIDEND FD   2013-09-12 2015-02-04
JOHN HANCOCK PREMIUM DIV   2013-09-12 2015-04-24
VEREIT INC REIT   2013-09-16 2015-08-28
JOHN HANCOCK PREMIUM DIV   2013-09-27 2015-04-24
JOHN HANCOCK PREMIUM DIV   2013-10-08 2015-04-24
JOHN HANCOCK PREMIUM DIV   2013-10-08 2015-04-29
VEREIT INC REIT   2013-10-10 2015-08-28
VEREIT INC REIT   2013-10-23 2015-08-28
BHF KLEINWRT BENSON ORDF   2013-10-24 2015-07-28
REDEFINE PPTYS NEW ORD F   2013-12-18 2015-02-12
FOUNTAINHEAD PPTY ORD F   2013-12-18 2015-03-13
PT LIPPO KARAWACI ORD F   2013-12-27 2015-03-19
MEDICAL PROPERTIES TRUSTREIT   2014-01-08 2015-02-05
UMICORE SA NEW ORD F   2014-01-09 2015-04-28
WESTFIELD CORP ORD FSTAPLED SECURITIES   2014-01-21 2015-01-30
A T & T INC   2014-01-22 2015-08-21
WESTFIELD CORP ORD FSTAPLED SECURITIES   2014-01-28 2015-01-30
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2014-02-03 2015-03-03
NEW FLYER INDUST NEW F   2014-02-13 2015-10-02
DOMINION DIAMOND CO F   2014-03-13 2015-10-30
ASCOTT RESIDENCE TRUST FREIT   2014-04-03 2015-01-22
ALLIANCEBERNSTEIN INCOME   2014-04-03 2015-09-04
DEL MONTE PAC LTD 15RTSFRIGHTS EXP 03/02/15   2014-05-05 2015-02-13
VEREIT INC REIT   2014-05-07 2015-08-28
VEREIT INC REIT   2014-05-21 2015-08-28
CHIANGMAI FROZEN NVDR FUNIT NON VOTING DEP RCPT   2014-05-23 2015-01-22
VODAFONE GROUP FADR 1 ADR REPS 10 ORD SHS   2014-06-18 2015-08-21
WM MORRISN SUPERMKT ORDF   2014-07-03 2015-08-12
J SAINSBURY PLC NEW ORDF   2014-07-03 2015-08-13
TESCO PLC ORD F   2014-07-23 2015-02-03
WM MORRISN SUPERMKT ORDF   2014-07-24 2015-08-12
J SAINSBURY PLC NEW ORDF   2014-07-24 2015-08-13
UTI WORLDWIDE INC F   2014-08-01 2015-04-10
TESCO PLC ORD F   2014-08-07 2015-02-03
TOTAL PRODUCE PLC ORD F   2014-08-15 2015-09-23
VEREIT INC REIT   2014-08-18 2015-08-28
ENGIE SA ORD F   2014-08-22 2015-09-15
LIFETIME FITNESS   2014-08-25 2015-03-18
TESCO PLC ORD F   2014-09-02 2015-02-03
J SAINSBURY PLC NEW ORDF   2014-09-02 2015-08-13
NUVEEN CR STRATEGIES INC   2014-09-18 2015-07-22
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2014-09-22 2015-03-03
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2014-09-22 2015-04-01
J SAINSBURY PLC NEW ORDF   2014-09-24 2015-08-13
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2014-09-25 2015-04-01
JANUS CAPITAL GROUP   2014-09-26 2015-10-02
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2014-10-02 2015-04-01
BIJOU BRIGITTE MOD ORD F   2014-10-13 2015-03-25
A T & T INC   2014-10-15 2015-08-21
VODAFONE GROUP FADR 1 ADR REPS 10 ORD SHS   2014-10-15 2015-08-21
LIFETIME FITNESS   2014-10-16 2015-03-18
UTI WORLDWIDE INC F   2014-10-17 2015-04-10
VEREIT INC REIT   2014-10-29 2015-08-28
RCS CAPITAL CORP CLASS A   2014-10-29 2015-12-09
CABLE & WIRE COMM ORD F   2014-10-30 2015-11-19
RCS CAPITAL CORP CLASS A   2014-11-04 2015-12-09
RCS CAPITAL CORP CLASS A   2014-11-24 2015-12-09
SASOL LIMITED SPON ADR FSPONSORED ADR 1 ADR REP 1 ORD   2014-12-03 2015-02-24
SASOL LIMITED SPON ADR FSPONSORED ADR 1 ADR REP 1 ORD   2014-12-04 2015-02-24
BLACKROCK FLOATING RATE INCOME TRUST   2014-12-08 2015-02-24
NOKIAN RENKAAT OY ORD F   2014-12-08 2015-11-02
NOKIAN RENKAAT OY ORD F   2014-12-15 2015-11-02
NOKIAN RENKAAT OY ORD F   2014-12-19 2015-11-02
A T & T INC   2014-12-30 2015-08-21
M F S INTERMDT INCOME TRSHS BEN INT   2014-12-31 2015-01-08
BLACKROCK RESOURCES & COMMODITIES STRATEGY TR   2015-01-05 2015-04-01
CABLE & WIRE COMM ORD F   2015-01-05 2015-11-19
RCS CAPITAL CORP CLASS A   2015-01-13 2015-12-09
UMICORE SA NEW ORD F   2015-01-15 2015-04-28
PIONEER FLOATING RATE TR   2015-01-29 2015-03-27
TEMPLETON GLOBAL INCM FD   2015-01-30 2015-02-19
VOYA PRIME RATE TRUST   2015-02-02 2015-03-04
VOYA PRIME RATE TRUST   2015-02-02 2015-04-08
RCS CAPITAL CORP CLASS A   2015-02-05 2015-12-09
SELECT INCOME REIT   2015-02-12 2015-05-26
ENGIE SA ORD F   2015-02-18 2015-09-15
SELECT INCOME REIT   2015-03-04 2015-05-26
TERADATA CORP   2015-03-24 2015-08-20
ENGIE SA ORD F   2015-05-19 2015-09-15
BROOKFIELD RENEW EGY LP   2015-06-08 2015-06-09
BROOKFIELD RENEW EGY LP   2015-06-08 2015-09-03
E.ON SE NEW ORD F   2015-06-16 2015-09-15
SPIRIT REALTY CAPITA REIT   2015-06-24 2015-09-18
VOYA PRIME RATE CF   2015-06-26 2015-07-22
BLACKROCK FLOATING RATE   2015-06-26 2015-11-20
ACCELL GROUP NV NEW ORDF   2015-07-07 2015-07-07
C K HUTCHISON HOLDIN FADR 1 ADR REPS 1 ORD SHS   2015-07-09 2015-07-09
DOUBLELINE INCOME SOLUTI   2015-07-22 2015-12-16
DOUBLELINE INCOME SOLUTI   2015-07-23 2015-12-16
BLACKROCK FLOATING RATE   2015-09-04 2015-11-20
KINDER MORGAN INC   2015-09-21 2015-11-03
R M R GROUP INC CLASS A   2015-12-15 2015-12-15
R M R GROUP INC CLASS A   2015-12-15 2015-12-15
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 110,000   105,346 4,654
b 290,076   222,021 68,055
c 15,409   12,927 2,482
d 212,035   175,936 36,099
e 230,877   231,723 -846
46,764   46,651 113
58,956   60,215 -1,259
50,000   52,849 -2,849
5,252   5,324 -72
49,975   49,917 58
49,975   50,096 -121
4,252   4,496 -244
52,335   41,484 10,851
233,412   237,007 -3,595
22,820   23,145 -325
113,585   90,884 22,701
108,610   64,121 44,489
10,146   9,065 1,081
7,312   8,740 -1,428
14,393   10,095 4,298
2,126   9,751 -7,625
28,326   8,918 19,408
1,771   9,551 -7,780
4,249   1,238 3,011
13,587   3,806 9,781
8,913   9,948 -1,035
600   491 109
54,264   46,265 7,999
3,602   3,020 582
3,820   3,540 280
22,023   18,334 3,689
2,401   1,873 528
6,676   5,311 1,365
22,918   6,856 16,062
805   6,480 -5,675
7,204   5,321 1,883
9,538   7,842 1,696
9,550   8,248 1,302
5,785   37,178 -31,393
31,054   26,074 4,980
1,801   1,480 321
26,276   22,119 4,157
3,002   2,499 503
1,831   7,821 -5,990
20,213   8,218 11,995
41,038   16,686 24,352
20,343   7,870 12,473
18,774   6,774 12,000
16,577   6,027 10,550
3,151   1,146 2,005
11,027   23,774 -12,747
114,044   95,289 18,755
2,363   4,539 -2,176
3,183   3,349 -166
19,872   16,624 3,248
10,823   9,453 1,370
5,733   4,809 924
4,719   3,851 868
6,793   10,013 -3,220
9,192   8,257 935
10,203   20,788 -10,585
35,766   34,787 979
71,369   69,574 1,795
79,298   74,516 4,782
54,415   57,881 -3,466
7,393   7,042 351
29,155   27,717 1,438
18,274   17,301 973
53,236   51,307 1,929
10,840   10,376 464
28,846   24,200 4,646
15,557   15,478 79
25,962   21,400 4,562
11,629   10,710 919
16,970   15,488 1,482
14,996   14,421 575
3,135   3,805 -670
3,338   3,286 52
7,212   6,053 1,159
24,519   20,577 3,942
172,646   142,850 29,796
22,350   18,856 3,494
10,405   15,328 -4,923
8,488   7,191 1,297
1,584   1,315 269
256,628   213,520 43,108
2,913   4,312 -1,399
8,865   13,532 -4,667
2,298   2,124 174
6,691   6,171 520
7,948   7,573 375
8,281   7,059 1,222
36,135   29,915 6,220
41,697   36,834 4,863
96,316   55,959 40,357
32,286   32,017 269
22,435   12,481 9,954
50,125   55,384 -5,259
43,431   28,857 14,574
10,451   13,675 -3,224
6,676   6,681 -5
80,091   73,131 6,960
124     124
10,821   16,666 -5,845
21,434   31,686 -10,252
23,492   26,305 -2,813
36,895   35,167 1,728
20,313   23,181 -2,868
16,777   23,208 -6,431
16,607   22,919 -6,312
4,667   5,024 -357
2,763   3,780 -1,017
111,392   108,982 2,410
7,266   8,741 -1,475
16,440   16,619 -179
11,654   18,043 -6,389
23,860   35,076 -11,216
63,364   41,998 21,366
6,228   6,858 -630
7,303   9,053 -1,750
78,406   80,682 -2,276
29,464   34,046 -4,582
5,282   6,422 -1,140
4,342   4,737 -395
27,869   33,306 -5,437
39,942   43,224 -3,282
25,891   29,839 -3,948
26,874   29,482 -2,608
6,390   6,376 14
9,487   7,974 1,513
108,321   73,735 34,586
43,198   46,824 -3,626
7,991   8,796 -805
368   24,907 -24,539
54,721   36,425 18,296
153   7,416 -7,263
104   4,780 -4,676
22,235   23,626 -1,391
5,559   5,870 -311
60,592   58,753 1,839
28,211   21,674 6,537
11,878   8,680 3,198
22,643   15,521 7,122
19,170   19,440 -270
180,592   176,010 4,582
76,086   77,134 -1,048
33,182   21,954 11,228
362   16,116 -15,754
49,056   37,521 11,535
86,076   82,303 3,773
36,014   35,338 676
22,408   20,979 1,429
103,777   97,553 6,224
221   8,801 -8,580
55,395   59,131 -3,736
15,375   19,738 -4,363
11,267   11,502 -235
30,738   45,518 -14,780
11,174   13,570 -2,396
4,314   4,223 91
54,780   56,174 -1,394
33,667   51,982 -18,315
50,564   54,125 -3,561
64,493   63,728 765
118,318   120,002 -1,684
692     692
51,095     51,095
54,993   64,933 -9,940
44,480   52,409 -7,929
2,544   2,594 -50
41,825   47,734 -5,909
7   6 1
4   3 1
40,845     40,845
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       4,654
b       68,055
c       2,482
d       36,099
e       -846
      113
      -1,259
      -2,849
      -72
      58
      -121
      -244
      10,851
      -3,595
      -325
      22,701
      44,489
      1,081
      -1,428
      4,298
      -7,625
      19,408
      -7,780
      3,011
      9,781
      -1,035
      109
      7,999
      582
      280
      3,689
      528
      1,365
      16,062
      -5,675
      1,883
      1,696
      1,302
      -31,393
      4,980
      321
      4,157
      503
      -5,990
      11,995
      24,352
      12,473
      12,000
      10,550
      2,005
      -12,747
      18,755
      -2,176
      -166
      3,248
      1,370
      924
      868
      -3,220
      935
      -10,585
      979
      1,795
      4,782
      -3,466
      351
      1,438
      973
      1,929
      464
      4,646
      79
      4,562
      919
      1,482
      575
      -670
      52
      1,159
      3,942
      29,796
      3,494
      -4,923
      1,297
      269
      43,108
      -1,399
      -4,667
      174
      520
      375
      1,222
      6,220
      4,863
      40,357
      269
      9,954
      -5,259
      14,574
      -3,224
      -5
      6,960
      124
      -5,845
      -10,252
      -2,813
      1,728
      -2,868
      -6,431
      -6,312
      -357
      -1,017
      2,410
      -1,475
      -179
      -6,389
      -11,216
      21,366
      -630
      -1,750
      -2,276
      -4,582
      -1,140
      -395
      -5,437
      -3,282
      -3,948
      -2,608
      14
      1,513
      34,586
      -3,626
      -805
      -24,539
      18,296
      -7,263
      -4,676
      -1,391
      -311
      1,839
      6,537
      3,198
      7,122
      -270
      4,582
      -1,048
      11,228
      -15,754
      11,535
      3,773
      676
      1,429
      6,224
      -8,580
      -3,736
      -4,363
      -235
      -14,780
      -2,396
      91
      -1,394
      -18,315
      -3,561
      765
      -1,684
      692
      51,095
      -9,940
      -7,929
      -50
      -5,909
      1
      1
      40,845
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 2 450,760
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))
2014 1,053,277 16,843,983 0.062531
2013 1,025,218 16,027,622 0.063966
2012 1,007,581 15,784,730 0.063833
2011 1,140,197 15,064,182 0.075689
2010 1,082,755 18,561,540 0.058333
2
Total of line 1, column (d) .....................
20.324352
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
0.064870
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
15,137,646
5
Multiply line 4 by line 3......................
5
981,979
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,489
7
Add lines 5 and 6........................
7
994,468
8
Enter qualifying distributions from Part XII, line 4.............
8
1,165,290
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 12,489
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 12,489
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 12,489
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 32,800
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 32,800
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 1
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 20,310
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet20,310 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletNONE
    14
    The books are in care ofbulletKATHY HUSCHKE Telephone no.bullet (231) 929-2605

    Located atbulletPO BOX 904TRAVERSE CITYMI ZIP+4bullet496850904
    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 2015, 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  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    DONALD W OLESON PRESIDENT
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    GERALD E OLESON VICE-PRESIDENT
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    RICHARD FORD SECRETARY/TREASURER
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    JOHN TOBIN DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    KATHY HUSCHKE EXECUTIVE DIRECTOR
    32.00     		60,063 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    MARTHA WATTS DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    DJ OLESON DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    BRAD OLESON DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    CONNIE DENEWETH DIRECTOR
    1.00     		0 0 0
    PO BOX 904
    TRAVERSE CITY,MI49685
    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 N/A 0
    2  
    3  
    4  
    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 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    10,702,257
    b
    Average of monthly cash balances.......................
    1b
    807,912
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,858,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,368,169
    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
    15,368,169
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    230,523
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,137,646
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    756,882
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    756,882
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    12,489
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,489
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    744,393
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    744,393
    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
    744,393
    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
    1,165,290
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,165,290
    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
    12,489
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,152,801
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 744,393
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 168,188
    b From 2011...... 416,594
    c From 2012...... 238,666
    d From 2013...... 241,219
    e From 2014...... 243,688
    fTotal of lines 3a through e........ 1,308,355
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,165,290
    a Applied to 2014, 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 2015 distributable amount..... 744,393
    e Remaining amount distributed out of corpus 420,897
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,729,252
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		168,188
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,561,064
    10 Analysis of line 9:
    a Excess from 2011.... 416,594
    b Excess from 2012.... 238,666
    c Excess from 2013.... 241,219
    d Excess from 2014.... 243,688
    e Excess from 2015.... 420,897
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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).)
    DONALD W OLESON
    GERALD E OLESON
    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:
    MS KATHY HUSCHKE
    PO BOX 904
    TRAVERSE CITY,MI496850904
    (231) 929-2605
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM - INCLUDE NAME, PURPOSE, AMOUNT, ETC.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE IS GIVEN TO CHARITABLE AND EXEMPT ORGANIZATIONS WHICH ARE LOCATED IN THE NORTHWESTERN AREA OF MICHIGAN.
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    BENZIE AREA CHRISTIAN NEIGHBORS
    PO BOX 93
    BENZONIA,MI49616     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY AND YEAR END GRANT FOR NEEDY PEOPLE 5,000
    BOTANICAL GARDENS OF NW MICHIGAN
    P O BOX 1247
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT GRANT FOR BUILDING 223 15,000
    BRICKWAYS
    935 BARLOW STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT IN MEMORY OF MARY CHILDS 5,000
    CAMP QUALITY MICHIGAN
    P O BOX 34
    BOYNE CITY,MI49712     		NONE OTHER NONPROFIT GRANT FOR MEALS FOR CHILDREN WITH CANCER 1,800
    CARMELITE MONASTERY
    3501 SILVER LAKE ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 5,000
    CHALLENGE MOUNTAIN OF WALLOON HILLS INC
    P O BOX 735
    BOYNE CITY,MI49712     		NONE OTHER NONPROFIT GRANT FOR TRANSITION ZONE SUMMER CAMP 3,350
    CHARLEVOIX AREA HOSPITAL FOUNDATION
    14700 LAKE SHORE DRIVE
    CHARLEVOIX,MI49720     		NONE OTHER NONPROFIT GRANT FOR CAPITAL CAMPAIGN 25,000
    CHERRYLAND HUMANE SOCIETY
    1750 AHLBERG ROAD
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT YEAR END GRANT 15,000
    CHILD & FAMILY SERVICES NW MI
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR MENTAL HEALTH SERVICES AND BROWN BAG 25,000
    CHILD & FAMILY SERVICES NW MI
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 5,500
    CONSERVATION RESOURCE ALLIANCE
    10850 TRAVERSE HIGHWAY SUITE 1111
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR MAPLE AND JORDAN RIVER IMPROVEMENTS 20,000
    CROOKED TREE ARTS COUNCIL
    461 E MITCHELL
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR SUMMER YOUTH PROGRAMS 20,000
    EAST BAY TOWNSHIP PARKS COMMISSION
    1965 N THREE MILE ROAD
    TRAVERSE CITY,MI49696     		NONE OTHER NONPROFIT GRANT FOR PLAYGROUND EQUIPMENT AT GRACE MCDONALD PARK 5,000
    FAMILY PARTNERSHIP GRAND TRAVERSE
    1105 EAST FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR LAUNDRY PROJECT 2,000
    FATHER FRED ANGEL CHILD CARE
    834 HASTINGS STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR NEEDED ITEMS FOR CHILD CARE 6,300
    FATHER FRED FOUNDATION
    P O BOX 2260
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT DIRECTORS CHOICE AND MATCHING GRANT FOR FOOD DRIVE 42,500
    FREEDOM BUILDERS
    880 MUNSON AVE
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR SUPPORT AND PROGRAMS DIRECTORS CHOICE 2,500
    FRIENDS OF PETOSKEY PUBLIC LIBRARY
    500 EAST MITCHELL STREET
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT DIRECTORS CHOICE FOR LIBRARY NEEDS 500
    FRIENDSHIP CENTERS OF EMMET COUNTY
    1322 ANDERSON RD
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR NEW MEALS ON WHEELS VAN 6,000
    GLEN ARBOR ART ASSOCIATION
    PO BOX 305
    GLEN ARBOR,MI49636     		NONE OTHER NONPROFIT GRANT FOR MANITOU MUSIC FESTIVAL DUNE CLIMB CONCERT 2,500
    GOOD SAMARITAN FAMILY SERVICES
    PO BOX 206
    ELLSWORTH,MI49729     		NONE OTHER NONPROFIT CRIBS AND CAR SEATS; HEATING, ELECTRIC, WATER 3,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT FOOD RESCUE AND GOODWILL INN 20,000
    GOODWILL INDUSTRIES
    2279 S AIRPORT ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FOOD RESCUE 9,700
    GRACE EPISCOPAL CHURCH
    341 WASHINGTON STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR JUBILEE HOUSE 5,000
    GRAND TRAVERSE AREA CATHOLIC SCHOOLS
    123 E 11TH STREET
    TRAVERSE CITY,MI49684     		NONE SCHOOL GRANT FOR NEEDS AND EQUIPMENT 110,000
    GRAND TRAVERSE CONSERVATION DISTRICT
    1450 CASS ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR GRAND TRAVERSE STEWARDSHIP INITIATIVE 20,000
    GRAND TRAVERSE BAY YMCA
    3000 RACQUET CLUB DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR SPLASH PROGRAM 5,000
    GRAND TRAVERSE PAVILIONS FOUNDATION
    1000 PAVILIONS CIRCLE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR HEALING GARDEN 25,000
    GRAND TRAVERSE REGIONAL COMMUNITY FOUNDATION
    250 E FRONT STREET SUITE 310
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT ACCESS TO CATHEDRAL BARN 32,500
    GRAND TRAVERSE REGIONAL LAND CONSERVANCY
    3860 N LONG LAKE ROAD SUITE D
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR STEWARDSHIP, PARKING LOT, AND DIRECTORS CHOICE 50,000
    HOMEWARD BOUND ANIMAL SHELTER
    736 PAWS TRAIL
    MANISTEE,MI49660     		NONE OTHER NONPROFIT YEAR END GRANT FOR OPERATING AND PROGRAM SUPPORT 1,000
    INVOLVED CITIZENS ENTERPRISE
    1600 CHARTWELL DRIVE
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT GRANT FOR SOFT WATER SYSTEM AND PLUMBING 8,350
    JOPPA HOUSE
    P O BOX 174
    CHARLEVOIX,MI49720     		NONE OTHER NONPROFIT FOOD FOR THE HOUSE-DIRECTORS CHOICE 2,000
    KINGSLEY AREA SCHOOLS
    402 FENTON STREET
    KINGSLEY,MI49649     		NONE OTHER NONPROFIT GRANT FOR GREENHOUSE 11,200
    LEELANAU CONSERVANCY
    105 N FIRST ST
    LELAND,MI49654     		NONE OTHER NONPROFIT GRANT FOR CEDAR LAKE BOARDWALK AND LEGACY CAMPAIGN 20,000
    LITTLE TRAVERSE BAY HUMANE SOCIETY
    1300 WEST CONWAY ROAD
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR VET EQUIPMENT 5,000
    LITTLE TRAVERSE CONSERVANCY
    3264 POWELL ROAD
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR PONSHEWAING EXTENSION 20,000
    LOVE INC TRAVERSE CITY
    1109 E FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT YEAR END GRANT 5,000
    MANA FOOD PROJECT
    8791 MCBRIDE PARK COURT
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR FOOD 4 KIDS BACKPACK PROGRAM, DIRECTOR'S CHOICE, AND YEAR END. 1,000
    MANISTEE AREA COMMUNITY FOUNDATION
    332 FIRST STREET SUITE 101
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR VOGUE THEATER AND PROJECTS 41,000
    MANISTEE CATHOLIC CENTRAL SCHOOLS
    1200 US 31 SOUTH
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR NEEDED ITEMS 10,000
    MARILLA FOOD PANTRY
    991 FOOD PANTRY
    COPEMISH,MI49625     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY 1,000
    MUNSON HEALTHCARE REGIONAL FOUNDATION
    210 BEAUMONT PLACE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR CANCER CENTER 12,500
    NAMIWALK
    401 S WASHINGTON AVENUE SUITE 104
    LANSING,MI48933     		  OTHER NONPROFIT DIRECTORS CHOICE OPERATING SUPPORT 1,000
    NORTHERN MICHIGAN EQUINE THERAPY
    05025 CHURCH ROAD
    BOYNE CITY,MI49712     		NONE OTHER NONPROFIT GRANT FOR WHEELCHAIR RAMP FOR CLIENTS 4,000
    NORTHWEST MICHIGAN COMM ACTION AGENCY
    3963 THREE MILE ROAD
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT MATCHING GRANT FOR MEALS ON WHEELS 11,800
    NORTHWESTEN MICHIGAN COLLEGE FOUNDATION
    1710 EAST FRONT STREET
    TRAVERSE CITY,MI49686     		NONE COLLEGE GRANT FOR SPECIAL PROJECTS AND DATA BASE FOR ALUMNI RELATIONS 33,800
    NW MI HABITAT FOR HUMANITY
    8460 M-119 HARBOR PETOSKEY ROAD
    HARBOR SPRINGS,MI49740     		NONE OTHER NONPROFIT GRANT FOR UTILITY INFRASTRUCTURE 10,000
    PARAKLESIS INC
    500 S UNION ST 4
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR EQUINE AND ART THERAPY FOR CHILDREN 2,500
    PRESERVE HICKORY HILLS
    233 N MADISON STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR HICKORY HILLS CAPITAL CAMPAIGN 150,000
    SALVATION ARMY GRAND TRAVERSE
    P O BOX 5228
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR NEW TABLES AND CHAIRS 5,300
    SALVATION ARMY MANISTEE
    PO BOX 681
    LUDINGTON,MI49431     		NONE OTHER NONPROFIT GRANT FOR YEAR END NEEDED ITEMS FOR CLIENTS 1,500
    SEEDS
    PO BOX 2454
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT GRANT FOR SUMMER YOUTH CORPS AND YOUTH TRIP 32,000
    SHORELINE CYCLING CLUB
    6984 PARTRIDGE CIRCLE
    LUDINGTON,MI49431     		NONE OTHER NONPROFIT GRANT FOR SIGNAGE 5,000
    ST FRANCIS CATHOLIC CHURCH
    1025 S UNION STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FOOD PANTRY 5,000
    ST MARY SCHOOL
    PO BOX 340
    LAKE LEELANAU,MI49653     		NONE SCHOOL GRANT FOR TECHNOLOGY UPGRADES 16,700
    STONEHOUSE
    P O BOX 1711
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT GRANT FOR DANN'S HOUSE 10,000
    TART TRAILS
    PO BOX 252
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT SLEEPINGBEAR HERITAGE TRAIL, REPLACEMENT BRIDGE ON LEELANAU TRAIL 5,000
    TC COMMUNITY GARDEN
    P O BOX 875
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT GRANT FOR TILLER AND OTHER NEEDED ITEMS 3,000
    THE WATERSHED CENTER
    13272 W BAY SHORE DRIVE
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR KID'S CREEK RESTORATION 15,000
    THIRD LEVEL CRISIS CENTER
    1022 E FRONT STREET
    TRAVERSE CITY,MI49686     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT FOR YOUTH OUTREACH 2,500
    TIP OF THE MITT WATERSHED COUNCIL
    426 BAY STREET
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR WATERSHED ACADEMY FOR STUDENTS 5,000
    TRAVERSE BAY CHILD ADVOCACY CENTER
    121 E FRONT STREET SUITE 301
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR THERAPIST AND YEAR END GRANT 20,000
    TRAVERSE HEALTH CLINIC
    3155 LOGAN VALLEY ROAD
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR RENOVATIONS TO CLINIC 16,000
    TRAVERSE SYMPHONY ORCHESTRA
    300 EAST FRONT ST STE 230
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR FAMILY CONCERTS AND STUDENT TRAINING 5,000
    UTOPIA FOUNDATION
    111 CASS STREET
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT GRANT FOR PAPERWORKS 20,000
    WEST SHORE HEALTH CARE FOUNDATION
    1465 E PARKDALE AVE
    MANISTEE,MI49660     		NONE OTHER NONPROFIT GRANT FOR INFANT WARMER 5,000
    WINGS OF MERCY
    100 SOUTH PINE STREET SUITE 393
    ZEELAND,MI49464     		NONE OTHER NONPROFIT DIRECTORS CHOICE GRANT 2,500
    WOMEN'S RESOURCE CENTER OF N MICHIGAN
    423 PORTER STREET
    PETOSKEY,MI49770     		NONE OTHER NONPROFIT GRANT FOR SAFE HOME SHELTER 22,000
    TCAPS
    412 WEBSTER
    TRAVERSE CITY,MI49686     		NONE SCHOOL FMV OF RENT CONCESSION 14,000
    TRAVERSE CITY CHERRY FESTIVAL
    250 E FRONT STREET SUITE 301
    TRAVERSE CITY,MI49684     		NONE OTHER NONPROFIT FMV OF RENT CONCESSION 26,000
    ZONTA
    P O BOX 1412
    TRAVERSE CITY,MI49685     		NONE OTHER NONPROFIT FMV OF RENT CONCESSION 26,856
    Total .................................bullet 3a 1,107,656
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2,103  
    4 Dividends and interest from securities....     14 495,770  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 346,075  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     01 16,775  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 450,760  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,311,483 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,311,483
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 13,506 13,506   0

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

    TY 2015 DepreciationSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING AND IMPROVEMENTS 1994-02-10 3,340,101 1,569,366 SL 0 % 86,784 86,784    
    EQUIPMENT - ASSET #4, 5, 21, 25, 26 2005-08-31 62,030 62,030 SL 0 % 0 0    
    EQUIPMENT - ASSET #27 2007-09-21 17,600 17,600 200SL 0 % 0 0    
    HVAC PREMIER - ASSET #28 2007-12-01 5,459 5,459 200SL 0 % 0 0    
    LAND 1994-02-10 800,000   L   0 0    
    EQUIPMENT - ASSET #29 2009-04-30 27,298 24,076 200SL 0 % 2,416 2,416    
    EQUIPMENT - ASSET #30 2009-06-30 7,078 6,130 200SL 0 % 632 632    
    EQUIPMENT - ASSET #31 2010-08-31 14,050 10,741 200SL 0 % 1,241 1,241    
    LAND 2011-11-16 2,346,858   L   0 0    
    HVAC 1209 ASSET #32 2015-07-01 11,722   200SL 0 % 6,698 6,698    
    HVAC 1209 LAND 2015-07-01 5,696   L   0 0    

    TY 2015 InvestmentsLandSchedule2
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING AND IMPROVEMENTS 3,340,101 1,656,150 1,683,951  
    EQUIPMENT - ASSET #4, 5, 21, 25, 26 62,030 62,030 0  
    EQUIPMENT - ASSET #27 17,600 17,600 0  
    HVAC PREMIER - ASSET #28 5,459 5,459 0  
    LAND 800,000 0 800,000  
    EQUIPMENT - ASSET #29 27,298 26,492 806  
    EQUIPMENT - ASSET #30 7,078 6,762 316  
    EQUIPMENT - ASSET #31 14,050 11,982 2,068  
    LAND 2,346,858 0 2,346,858  
    HVAC 1209 ASSET #32 11,722 6,698 5,024  
    HVAC 1209 LAND 5,696 0 5,696  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT ACCOUNTS AT COST 10,727,161 10,312,340

    TY 2015 LegalFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 74 0   74


    TY 2015 OtherAssetsSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LAND (CHARITABLE PURPOSES) 95,848 95,848 13,000
    BUILDINGS (CHARITABLE PURPOSES) 4,520 4,520  
    EQUIPMENT (CHARITABLE PURPOSES) 1,500 1,500  


    TY 2015 OtherDecreasesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Description Amount
    BOOK/TAX DIFFERENCES IN COST BASIS - INVESTMENT ACCOUNTS 79,631


    TY 2015 OtherExpensesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIPS/DUES 4,750 2,375   2,375
    OFFICE EXPENSE 5,484 2,742   2,742
    INSURANCE 1,251 626   625
    MISCELLANEOUS 2,110 1,055   1,055
    INSURANCE, REPAIRS,CLEANING, UTILITIES AND MISCELLANEOUS 76,447 76,447   0


    TY 2015 OtherIncomeSchedule2
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 16,775 16,775 16,775


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUST & INVESTMENT FEES-IWM 9,833 9,833   0
    TRUST & INVESTMENT FEES-IPEX/SCHWAB 13,933 13,933   0
    REAL ESTATE MANAGEMENT FEES 53,058 53,058   0
    PROFESSIONAL SERVICES 6,985 6,985   0


    TY 2015 TaxesSchedule
    Name:
    OLESON FOUNDATION
    EIN:
    38-6083080
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 53,718 0   0
    PAYROLL TAXES 4,421 1,105   3,316
    REAL ESTATE TAXES 144,164 144,164   0