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
THE BILL AND MARGARET MARVIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)405 LAKE STREET NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WARROAD, MN56763
A Employer identification number

27-4708403
B Telephone number (see instructions)

(218) 386-4022
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$14,065,632J 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) 20,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 45,305 45,305  
4 Dividends and interest from securities... 266,835 266,165  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 59,135
b Gross sales price for all assets on line 6a 6,230,952
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 391,275 311,470  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,700 1,850   1,850
c Other professional fees (attach schedule).... Click to see attachment 40,892 40,892   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,374 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 67 2,190   36
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 56,033 44,932   1,886
25 Contributions, gifts, grants paid....... 650,000 650,000
26 Total expenses and disbursements. Add lines 24 and 25 706,033 44,932   651,886
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -314,758
b Net investment income (if negative, enter -0-) 266,538
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............. 3,711 8,568 8,568
2 Savings and temporary cash investments......... 188,092 209,349 209,353
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)....... 9,161,388 Click to see attachment8,885,880 9,756,616
c Investments—corporate bonds (attach schedule)....... 1,988,275 Click to see attachment1,915,553 1,827,376
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,336,662 Click to see attachment2,343,500 2,263,719
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) 13,678,128 13,362,850 14,065,632
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 13,678,128 13,362,850
30 Total net assets or fund balances (see instructions)..... 13,678,128 13,362,850
31 Total liabilities and net assets/fund balances (see instructions). 13,678,128 13,362,850
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
13,678,128
2
Enter amount from Part I, line 27a .....................
2
-314,758
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,363,370
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
520
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
13,362,850
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 SALES OF PUBLICLY TRADED SECURITIES P    
b POWERSHARES DB COMMODITY INDEX - SCH K-1 LT GAIN P    
c POWERSHARES DB COMMODITY INDEX - SCH K-1 ST GAIN P    
d POWERSHARES DB COMMODITY INDEX - SCH K-1 BASIS ADJ P    
e POWERSHARES DB COMMODITY INDEX - SCH K-1 1256 STRADDLE P    
POWERSHARES DB COMMODITY INDEX - SCH K-1 1256 STRADDLE P    
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 6,120,757   6,171,817 -51,060
b       -3,025
c       -5,800
d       1,900
e       -41,716
      -27,810
110,195     110,195
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       -51,060
b       -3,025
c       -5,800
d       1,900
e       -41,716
      -27,810
      110,195
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 -17,316
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 724,707 13,484,004 0.053746
2013 670,897 14,613,638 0.045909
2012 620 13,436,201 0.000046
2011 0 0 0.000000
2010      
2
Total of line 1, column (d) .....................
20.099701
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
0.024925
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
14,773,357
5
Multiply line 4 by line 3......................
5
368,226
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,665
7
Add lines 5 and 6........................
7
370,891
8
Enter qualifying distributions from Part XII, line 4.............
8
651,886
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 2,665
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,665
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,665
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 8,000
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 8,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,335
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,335 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletN/A
    14
    The books are in care ofbulletELLIOT LARSON Telephone no.bullet (218) 386-4022

    Located atbullet405 LAKE STREET NWWARROADMN ZIP+4bullet56763
    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
     
     
    ........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
    GEORGE G MARVIN III CHAIR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    JOHN W MARVIN VICE CHAIR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    ELLIOT J LARSON SECRETARY/TREASURER
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    FRANK R MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    MARGARET ANN JOHNSON DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    JOHN W MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    GEORGE G MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    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  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    14,786,824
    b
    Average of monthly cash balances.......................
    1b
    211,508
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,998,332
    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
    14,998,332
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    224,975
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,773,357
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    738,668
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    738,668
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,665
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,665
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    736,003
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    736,003
    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
    736,003
    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
    651,886
    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
    651,886
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    2,665
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    649,221
    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 7 736,003
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 649,052
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 651,886
    a Applied to 2014, but not more than line 2a 649,052
    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..... 2,834
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		733,169
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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).)
    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 (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
    CITY OF WARROAD
    C/O CITY HALL 121 MAIN AVE NE
    WARROAD,MN56763     		NONE GOVERNMENTAL UNIT PUBLIC PARK 650,000
    Total .................................bullet 3a 650,000
    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 45,305  
    4 Dividends and interest from securities....     14 266,835  
    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 59,135  
    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).. 0 371,275 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13371,275
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE BILL AND MARGARET MARVIN FOUNDATION
     
    Employer identification number

    27-4708403
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE BILL AND MARGARET MARVIN FOUNDATION
          		Employer identification number
    27-4708403
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    THE WILLIAM S MARVIN ESTATE  
    PO BOX 100
     
    WARROAD, MN56763

    		$ 20,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE BILL AND MARGARET MARVIN FOUNDATION
          		Employer identification number

    27-4708403
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE BILL AND MARGARET MARVIN FOUNDATION
          		Employer identification number

    27-4708403
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,700 1,850   1,850

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY GTD SR NT DTD 01/11/11 4.250% DUE 01/15/21 161,883 163,610
    JPMORGAN CHASE & CO SR NT DTD 10/21/10 4.250% DUE 10/15/20 153,882 159,126
    MFB NORTHERN FDS MULTI-MANAGER HI YLD OPPOR FD 953,636 871,635
    MFB NORTHERN FDS ULTRA SHORT FIXED FD 483,037 480,756
    MFC FLEXSHARES TR IBOXX 3 YR TARGET INDEX FUND 153,117 148,634
    MFC ISHARES 1-3 YEAR CREDIT BOND ETF 0 0
    ST PAUL MN PORT AUTH INDL DEV DTD 05/01/87 8.500% DUE 09/01/11 9,998 3,615

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 11,840 18,497
    ALLERGAN PLC 21,851 30,000
    AFFILIATED MANAGERS GROUP 7,111 7,988
    AKORN INC 7,894 7,723
    ALKERMES PLC 9,076 33,816
    ALLEGIANT TRAVEL CO 2,835 2,685
    ALLIANCE DATA SYS CORP 11,137 20,743
    AMERICAN INTL GROUP INC 20,513 23,363
    APPLE INC 27,461 36,315
    ARAMARK 14,643 14,738
    ARCBEST CORP 0 0
    ATHENAHEALTH INC 3,997 6,922
    AUTOMATIC DATA PROCESSING INC 9,708 16,266
    BAYER MOTOREN WERK EUR1 0 0
    BECTON DICKINSON & CO 21,693 22,651
    BIOMARIN PHARMACEUTICAL INC 5,970 15,400
    BLACKROCK INC 15,435 23,155
    BOEING CO 15,170 17,785
    BROOKDALE SENIOR LIVING INC 4,144 2,252
    BRUNSWICK CORP 7,623 11,213
    CACI INTL INC 6,894 11,319
    CADENCE DESIGN SYSTEM INC 5,397 8,719
    CAPITAL ONE FINL CORP 17,299 15,374
    CARDTRONICS INC 8,520 9,086
    CARLISLE COS INC 18,461 18,181
    CARPENTER TECHNOLOGY CORP 0 0
    CARRIZO OIL & CO INC 3,295 2,692
    CAVIUM INC 5,454 9,857
    CEPHEID 6,749 5,005
    CHEMTURA CORP 0 0
    CHENIERE ENERGY INC 0 0
    CHICAGO BRDG & IRON CO N V 0 0
    CIENA CORP 12,360 11,255
    CINTAS CORP 6,353 13,384
    CISCO SYS INC 21,930 21,099
    CITY NATL CORP 0 0
    COLUMBIA CONTRARIAN CORE FUND 172,944 161,871
    COLUMBIA EMERGING MARKETS FUND 104,223 90,995
    COMCAST CORP NEW CL A COM 21,182 21,951
    CONOCOPHILLIPS 0 0
    COPA HLDGS SA 0 0
    CVS HEALTH CORP 23,349 30,602
    DANAHER CORP DEL 12,096 13,189
    DEALERTRACK TECHNOLOGIES INC 0 0
    DELAWARE EMERGING MKTS FUND 115,620 89,124
    DIAMONDBACK ENERGY INC 6,956 6,623
    DICKS SPORTING GOODS INC 0 0
    DISCOVER FINL SVCS 0 0
    DISNEY WALT CO 12,097 12,715
    EAGLE MATERIALS INC 10,054 10,515
    ECOLAB INC 18,349 18,644
    EMC CORP 0 0
    EOG RES INC 22,443 17,060
    ESTERLINE TECHNOLOGIES CORP 0 0
    EXPRESS SCRIPTS HLDG CO 0 0
    EXXON MOBIL CORP 29,307 25,568
    FEI CO 9,717 10,133
    FIREEYE INC 5,227 3,464
    FIRST CASH FINANCIAL SERVICES 5,700 4,454
    FIVE BELOW INC 15,076 13,001
    FOOT LOCKER INC 7,542 13,799
    FORTINET INC 10,717 15,866
    FORTUNE BRANDS HOME & SEC INC 15,993 17,871
    FTI CONSULTING INC 4,230 3,951
    GENERAL ELEC CO 0 0
    GENESEE & WYO INC 9,713 6,496
    GILEAD SCIENCES INC 16,716 20,339
    GRAINGER W W INC 0 0
    GRAND CANYON ED INC 8,172 7,663
    GREENHILL & CO INC 6,579 3,691
    GTT COMMUNICATIONS 8,696 6,363
    HANESBRANDS INC 10,399 12,066
    HEXCEL CORP NEW 13,308 13,889
    HOME DEPOT INC 26,924 31,211
    HONEYWELL INTL INC 13,567 23,303
    HORMEL FOODS CORP 17,255 23,882
    IDEX CORP 0 0
    IDEXX LABS INC 10,867 16,042
    IMAX CORP 12,021 11,906
    INCYTE CORP 3,275 20,497
    INPHI CORP 7,887 11,213
    INTERNATIONAL BUSINESS MACHS 21,917 17,753
    INTERNATIONAL FLAVORS&FRAGRANC 7,686 13,280
    INVESCO INTL GROWTH FUND CL Y 252,525 237,819
    ISHARES MSCI EAFE ETF 559,869 491,193
    ISHARES MSCI EMERGING MARKETS 162,780 140,187
    ISHARES RUSSELL 1000 GROWTH ETF 575,605 861,994
    ISHARES RUSSELL 2000 ETF 81,985 110,931
    ISHARES RUSSELL MID-CAP ETF 154,281 197,021
    JACK IN THE BOX INC 9,285 8,515
    JARDEN CORP 9,238 14,623
    JOHNSON & JOHNSON 0 0
    JPMORGAN INTL VALUE FUND 0 0
    KIRBY CORP 0 0
    KRAFT FOODS GROUP INC 11,236 17,972
    LAS VEGAS SANDS CORP 0 0
    LEGG MASON CLEARBRIDGE SMALL CAP GRWOTH FUND 188,000 177,646
    LKQ CORP 10,871 14,134
    LOGMEIN INC 9,202 14,561
    LOUISIANA PAC CORP 0 0
    MANHATTAN ASSOCS INC 11,088 22,829
    MARKETAXESS HLDGS INC 8,095 25,777
    MARRIOTT VACATIONS WORLDWIDE 8,163 6,549
    MARSH & MCLENNAN COS INC 12,414 16,358
    MEDIVATION INC 5,459 10,345
    MEDTRONIC INC 26,240 26,230
    METTLER TOLEDO INTERNATIONAL 10,227 18,313
    MFB NORTHERN FDS STK INDEX FD 1,495,574 2,067,006
    MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FD 0 0
    MFB NORTHERN MULTI-MANAGER INTL EQUITY 1,695,479 1,513,227
    MFB NORTHERN MULTI-MANAGER MID CAP FUND 403,300 359,147
    MFB NORTHERN MULTI-MANAGER SMALL CAP FUND 226,269 196,023
    MFB NTHRN FDS MULTI-MANAGER EMRG MKTS EQUITY FD 468,340 376,676
    MGIC INVT CORP WIS 4,680 4,327
    MICHAELS COS INC 7,733 6,500
    MICROSOFT CORP 22,612 29,682
    MIDDLEBY CORP 6,533 8,845
    NATIONAL OILWELL VARCO INC 0 0
    NESTLE S A 0 0
    NEXSTAR BROADCASTING GROUP INC CL A COM 7,472 9,509
    NUANCE COMMUNICATIONS INC 10,151 8,831
    OCEANEERING INTL INC 0 0
    ON ASSIGNMENT INC 7,646 16,676
    OWENS & MINOR INC NEW 11,653 12,233
    PAREXEL INTL CORP 4,905 10,014
    PERRIGO CO 4,194 3,907
    PFIZER INC 24,899 24,081
    PHILIP MORRIS INTL INC 20,663 20,835
    PNC FINL SVCS GROUP INC 16,561 20,968
    POLARIS INDS INC 10,983 9,455
    POLYONE CORP 13,457 11,719
    PORTOLA PHARMACEUTICALS INC 5,806 7,152
    PRA GROUP INC 9,282 8,464
    PRINCIPAL MIDCAP BLEND FUND 0 0
    PTC INC 5,543 7,065
    QUALCOMM INC 0 0
    RAYTHEON CO 17,482 19,925
    RETAILMENOT INC COM SER 1 0 0
    ROCHE HLDG LTD 0 0
    SALIX PHARMACEUTICALS LTD 0 0
    SANDERSON FARMS INC 0 0
    SBA COMMUNICATIONS CORP 0 0
    SCHLUMBERGER LTD 15,034 14,229
    SCHWAB CHARLES CORP NEW 11,690 17,222
    SEALED AIR CORP NEW 12,033 11,284
    SIGNATURE BK NEW YORK NY 3,955 4,141
    SIRONA DENTAL SYS INC 6,509 12,601
    SKYWORKS SOLUTIONS INC 0 0
    SM ENERGY CO 0 0
    SMITH A O 2,318 6,359
    SPDR S&P 500 ETF TR 424,012 601,417
    SPIRIT AIRLS INC 2,797 2,590
    STERIS PLC 8,477 8,589
    SVB FINL GROUP 7,274 6,421
    SYNAPTICS INC 7,086 9,319
    TARGET CORP 17,015 15,611
    TE CONNECTIVITY LTD 12,010 22,355
    TENNECO INC 8,779 10,284
    TJX COS INC NEW 13,117 13,047
    TREEHOUSE FOODS INC 5,591 6,434
    TWENTY-FIRST CENTY FOX INC CL A 0 0
    ULTIMATE SOFTWARE GROUP INC 9,482 15,445
    UNDISCOVERED MANAGERS FDS BEHAVIORAL VALUE FD 117,950 117,652
    UNITED PARCEL SVC INC CL B 18,042 16,744
    UNITED RENTALS INC 7,147 8,850
    UNIVERSAL HLTH SVCS INC 4,897 13,622
    VALSPAR CORP 13,471 14,267
    VERIZON COMMUNICATIONS INC 21,612 20,799
    VISA INC 20,760 39,395
    WABASH NATL CORP 7,431 7,181
    WABTECH CORP 18,904 14,935
    WELLS FARGO & CO 16,232 26,202
    WEX INC 6,038 7,426
    WHITEWAVE FOODS CO CL A COM 9,517 13,346
    WHITING PETE CORP 0 0
    WILLIAMS SONOMA INC 9,818 9,696
    WISDOMTREE EUROPE HEDGED EQUITY FUND 281,842 232,190
    YUM BRANDS INC 0 0
    ZOETIS INC 8,643 13,226

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MFB NORTHERN FDS MULTI-MANAGER GLOBAL REAL ESTATE FD AT COST 616,549 599,645
    ASTON/LAKE PARTNERS LASSO ALTERNATIVES FUND CL I AT COST 273,425 243,938
    BLACKROCK GLOBAL L/S CR FUND INSTL SHS AT COST 225,025 202,626
    DUKE RLTC CORP AT COST 6,814 6,853
    HOME PPTYS INC REIT AT COST 0 0
    MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM RES INDEX FD AT COST 0 0
    MFC POWERSHARES DB COMMODITY INDEX TRACKING FD UNIT BEN INT AT COST 331,993 254,735
    PERMANENT PORTFOLIO AT COST 0 0
    PIMCO COMMODITY REALRETURN AT COST 58,422 38,321
    ROBECO BOSTON PARTNERS LONG SHORT RES FUND AT COST 375,000 388,984
    SOVRAN SELF STORAGE INC - REIT AT COST 6,945 11,053
    SPDR DJ WILSHIRE INTL REAL AT COST 146,706 140,441
    VANGUARD REIT AT COST 302,621 377,123

    TY 2015 OtherDecreasesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Description Amount
    BROKER BASIS ADJUSTMENTS 520


    TY 2015 OtherExpensesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL FEE 25 0   25
    POWERSHARES DB COMMODITY FD - SCH K-1 DEDUCTIONS 0 2,158   0
    BANK FEES 42 32   11


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 40,892 40,892   0


    TY 2015 SubstantialContributorsSch
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Name Address
    MARVIN LUMBER BOX 100
    WARROAD,MN56763


    TY 2015 TaxesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX PAID - 2014 3,374 0   0
    FEDERAL ESTIMATED EXCISE TAX PAID 8,000 0   0