TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
ROGER & VIOLET NOREEN CHAR TRUST 25293360

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

41-6309355

B Telephone number (see instructions)

(651) 466-8722

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,038,092J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	174,928		172,032
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		793,993
b	Gross sales price for all assets on line 6a 5,147,554
7	Capital gain net income (from Part IV, line 2)...			793,993
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	968,921		966,025
13	Compensation of officers, directors, trustees, etc.	68,374		54,700		13,675
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,288	2,288		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		499	474		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	72,661		57,462	0	15,200
25	Contributions, gifts, grants paid.......	343,400				343,400
26	Total expenses and disbursements. Add lines 24 and 25	416,061		57,462	0	358,600
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	552,860
b	Net investment income (if negative, enter -0-)			908,563
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		2,282	2,282
	2	Savings and temporary cash investments.........	159,570	86,515	86,515
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	2,484,674	261,862	188,749
	c	Investments—corporate bonds (attach schedule).......	2,145,531	836,864	792,346
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		4,157,261	3,967,274
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2,931	926	926
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,792,706	5,345,710	5,038,092
	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 )	410
	23	Total liabilities (add lines 17 through 22).........	410	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	6,144,547	5,345,710
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	-1,352,251
	30	Total net assets or fund balances (see instructions).....	4,792,296	5,345,710
	31	Total liabilities and net assets/fund balances (see instructions).	4,792,706	5,345,710

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

4,792,296

Enter amount from Part I, line 27a .....................

552,860

Other increases not included in line 2 (itemize) bullet

554

Add lines 1, 2, and 3 ..........................

5,345,710

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

5,345,710

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	71. HELMERICH PAYNE INC			2015-01-05
b	31. HELMERICH PAYNE INC			2015-01-05
c	28. INTERNATIONAL BUSINESS MACHINES CORP.			2015-01-05
d	28. INTERNATIONAL BUSINESS MACHINES CORP.			2015-01-05
e	14. METLIFE INC COM		2014-11-21	2015-01-05
	157. METLIFE INC COM		2013-06-21	2015-01-05
	27. PALO ALTO NETWORKS INC		2014-04-17	2015-01-07
	44. STRATASYS LTD		2014-01-16	2015-01-07
	110. FLUOR CORP NEW COM			2015-01-13
	74. QUALCOMM INC COM			2015-01-13
	572. SPDR GOLD TRUST		1901-01-01	2015-01-14
	119. HAIN CELESTIAL GROUP INC COM		2013-03-20	2015-01-20
	773. GRAN TIERRA ENERGY INC		2013-11-18	2015-01-22
	5994.521 AMERICAN CENTY INTL BOND FD INSTL			2015-01-23
	6829.777 AMERICAN CENTURY HERITAGE INSTL			2015-01-23
	11296.314 HIGHLAND LONG SHORT EQUITY Z		2011-04-11	2015-01-23
	535. ISHARES JPMORGAN USD EMERG ETF		2014-07-14	2015-01-23
	3357.775 NEUBERGER BERMAN GENESIS INSTL FD			2015-01-23
	1822.963 NUVEEN REAL ESTATE SECS I		2011-04-11	2015-01-23
	12904.916 OPPENHEIMER SENIOR FLOATING RATE I		2013-10-22	2015-01-23
	3403.281 OPPENHEIMER SENIOR FLOATING RATE I		2014-07-14	2015-01-23
	6433.432 T ROWE PRICE MID CAP VALUE FD INC			2015-01-23
	70. B A S F A G A D R			2015-01-26
	67. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2012-07-13	2015-01-26
	175. SPLUNK INC			2015-01-26
	44. ARM HLDGS PLC A D R		2014-07-25	2015-01-27
	99. ARM HLDGS PLC A D R		2013-07-10	2015-01-27
	56. TAIWAN SEMICONDUCTOR MFG SPON ADR		2014-01-14	2015-01-27
	22980.251 OPPENHEIMER SENIOR FLOATING RATE I		2013-10-22	2015-01-29
	142. SWATCH GROUP AG A D R		2011-04-21	2015-02-02
	1. SECURITY LITIGATION		1911-11-11	2015-02-04
	47. PRECISION CASTPARTS CORP COM			2015-02-06
	572. SPDR GOLD TRUST		1901-01-01	2015-02-13
	14. ANHEUSER BUSCH INBEV NV A D R		2012-05-04	2015-02-18
	322. LAFARGE S A A D R		2013-04-26	2015-02-20
	14. AIR LIQUIDE S A A D R		2011-04-21	2015-02-23
	11. ALLIANZ AG-ADR COM		2011-04-21	2015-02-23
	10. BANCO BILBAO VIZCAYA ARGEN A D R		2013-02-22	2015-02-23
	6. BAYERISCHE MOTOREN WERKE UNSPN A D R		2013-10-14	2015-02-23
	26. FANUC CORPORATION A D R		2013-10-17	2015-02-23
	3. HONG KONG EXCHANGES A D R		2013-06-13	2015-02-23
	44. ICICI BANK LTD A D R		2011-04-21	2015-02-23
	3. IMPERIAL OIL LTD ORD		2014-03-14	2015-02-23
	4. JGC CORP UNSPONSORED A D R		2012-12-06	2015-02-23
	4. KONE OYJ B UNSPONSORED A D R		2015-02-05	2015-02-23
	11. LOREAL UNSPONSORED A D R		2011-04-21	2015-02-23
	3. LVMH MOET HENNESSY A D R		2011-04-21	2015-02-23
	6. MTN GROUP LTD A D R		2014-05-15	2015-02-23
	9. ROCHE HOLDINGS LTD SPONS A D R		2011-04-21	2015-02-23
	9. SCHNEIDER ELECT SE UNSP A D R		2011-04-21	2015-02-23
	8. SONOVA HOLDING UNSPON ADR		2011-04-21	2015-02-23
	5. SYMRISE AG UNSPON A D R		2014-06-09	2015-02-23
	38. TURKIYE GARANTI BANKASI A S A D R		2011-04-21	2015-02-23
	6. UNILEVER PLC COM		2011-04-21	2015-02-23
	5. XINYI GLASS HOLDINGS LTS A D R		2012-07-09	2015-02-23
	19. AMAZON COM INC COM			2015-02-25
	230. E M C CORP MASS COM		2010-10-04	2015-02-25
	132. MICHAEL KORS HOLDINGS LLD			2015-02-25
	95. XINYI GLASS HOLDINGS LTS A D R			2015-03-10
	96. SANDS CHINA LTD UNSPONS A D R		2014-11-26	2015-03-11
	572. SPDR GOLD TRUST		1901-01-01	2015-03-13
	23. AETNA INC		2014-03-12	2015-03-23
	6. BOEING COMPANY		2013-06-21	2015-03-23
	20. BROADRIDGE FINANCIAL SOLUTIONS INC		2015-01-05	2015-03-23
	15. CDW CORP DE		2014-11-21	2015-03-23
	18. CVS CORP COM		2013-09-04	2015-03-23
	6. COMCAST CORP CL A		2013-11-26	2015-03-23
	10. DELTA AIR LINES INC		2013-02-13	2015-03-23
	18. HCA HOLDINGS INC		2014-11-21	2015-03-23
	75. HANESBRANDS INC		2013-06-21	2015-03-23
	252. INTEL CORP		2014-09-22	2015-03-23
	36. KROGER CO COM		2014-09-22	2015-03-23
	9. MACYS INC		2014-09-22	2015-03-23
	5. MCKESSON HBOC INC COM		2013-11-26	2015-03-23
	42. SKYWORKS SOLUTIONS INC		2014-03-12	2015-03-23
	24. TESORO CORPORATION		2015-01-05	2015-03-23
	224. TYSON FOODS INC CL A		2014-09-22	2015-03-23
	16. TE CONNECTIVITY LTD		2014-06-13	2015-03-23
	19. ROYAL CARIBBEAN CRUISES LTD		2014-03-12	2015-03-23
	196. HONDA MOTOR CO LTD A D R			2015-03-25
	246. SPDR S P EMERGING SMALL CAP		2014-06-20	2015-03-25
	95. BORG WARNER INC		2010-06-23	2015-04-01
	43. HARMAN INTERNATIONAL		2014-08-20	2015-04-01
	1201.442 NUVEEN REAL ESTATE SECS I		2011-04-11	2015-04-01
	1066. VANGUARD GLBL EX US REAL ESTATE ETF		2014-10-13	2015-04-01
	439. AIA GROUP LTD ADR			2015-04-10
	53. AIA GROUP LTD ADR		2014-10-15	2015-04-10
	154. ATT INC			2015-04-10
	143. ABBVIE INC			2015-04-10
	329. ABENGOA SA A D R		2015-02-20	2015-04-10
	113. ADOBE SYS INC			2015-04-10
	92. ADOBE SYS INC		2014-03-06	2015-04-10
	735. AEGON N V NY REG SHR		2014-05-19	2015-04-10
	631. AEGON N V NY REG SHR		2014-03-10	2015-04-10
	82. AETNA INC		2014-03-12	2015-04-10
	5. AETNA INC		2014-11-21	2015-04-10
	367. AIR LIQUIDE S A A D R			2015-04-10
	84. ALIBABA GROUP HOLDING LTD A D R		2014-09-22	2015-04-10
	632. ALLIANZ AG-ADR COM			2015-04-10
	582. ALLIANZ AG-ADR COM			2015-04-10
	142. ALLSTATE CORP COM			2015-04-10
	136. AMADEUS IT HOLDING UNSP A D R		2015-03-25	2015-04-10
	18. AMAZON COM INC COM		2011-02-08	2015-04-10
	151. AMERIPRISE FINL INC			2015-04-10
	73. AMERIPRISE FINL INC		2014-03-12	2015-04-10
	10. AMGEN INC COM		2014-06-13	2015-04-10
	49. AMGEN INC COM		2012-09-25	2015-04-10
	85. ANADARKO PETE CORP COM			2015-04-10
	84. ANADARKO PETE CORP COM			2015-04-10
	95. ANALOG DEVICES INC COM		2014-10-10	2015-04-10
	163. ANALOG DEVICES INC COM			2015-04-10
	104. ANHEUSER BUSCH INBEV NV A D R		2012-07-20	2015-04-10
	71. ANHEUSER BUSCH INBEV NV A D R		2010-10-15	2015-04-10
	52. ANHEUSER BUSCH INBEV NV A D R			2015-04-10
	100. APPLE COMPUTER INC COM		2015-02-25	2015-04-10
	241. APPLE COMPUTER INC COM		2007-06-08	2015-04-10
	78. APPLE COMPUTER INC COM			2015-04-10
	144. ARM HLDGS PLC A D R			2015-04-10
	907. ASAHI GLASS CO LTD A D R		2015-03-25	2015-04-10
	180. ATLAS COPCO AB SPONS A D R		2011-04-21	2015-04-10
	327. ATLAS COPCO AB A D R CL B			2015-04-10
	221. AXA SA SONSORED ADR		2013-08-09	2015-04-10
	265. B G GROUP P L C A D R		2011-04-21	2015-04-10
	200. B G GROUP P L C A D R			2015-04-10
	160. B N P PARIBAS S A A D R		2013-01-15	2015-04-10
	338. BT GROUP LLC ADR WI COM			2015-04-10
	14. BAIDU COM INC A D R		2015-02-18	2015-04-10
	17. BAIDU COM INC A D R			2015-04-10
	468. BANCO BILBAO VIZCAYA ARGEN A D R			2015-04-10
	364. BAYERISCHE MOTOREN WERKE UNSPN A D R			2015-04-10
	186. BAYERISCHE MOTOREN WERKE UNSPN A D R			2015-04-10
	49. BIOGEN, INC			2015-04-10
	46. BLACKROCK INC			2015-04-10
	99. BOC HONG KONG HLDGS LTD A D R			2015-04-10
	51. BOEING COMPANY		2013-06-21	2015-04-10
	5. BOEING COMPANY		2014-09-22	2015-04-10
	11. BORG WARNER INC		2014-09-23	2015-04-10
	159. BORG WARNER INC		2010-06-23	2015-04-10
	94. BRITISH AMERN TOB PLC ADR		2008-12-09	2015-04-10
	180. BROADRIDGE FINANCIAL SOLUTIONS INC		2015-01-05	2015-04-10
	147. BROOKFIELD ASSET MANAGE CL A		2011-06-01	2015-04-10
	261. CDW CORP DE		2014-11-21	2015-04-10
	222. CMS ENERGY CORP COM		2013-02-13	2015-04-10
	174. CSL LIMITED A D R		2011-04-21	2015-04-10
	93. CVS CORP COM			2015-04-10
	112. CANADIAN NATL RY CO		2011-04-21	2015-04-10
	31. CANADIAN PACIFIC RAILWAY LTD		2012-05-11	2015-04-10
	163. CELGENE CORPORATION COM		2010-04-09	2015-04-10
	146. CERNER CORP COM		2007-06-08	2015-04-10
	74. CERNER CORP COM		2014-04-10	2015-04-10
	11. CHEVRONTEXACO CORP COM		2014-09-22	2015-04-10
	62. CHEVRONTEXACO CORP COM			2015-04-10
	203. CHINA SOUTHN AIRLS LTD ADR CL H		2015-01-26	2015-04-10
	345. CISCO SYS INC		2014-09-22	2015-04-10
	10. COMCAST CORP CL A		2014-09-22	2015-04-10
	144. COMCAST CORP CL A		2013-11-26	2015-04-10
	94. CONOCOPHILLIPS			2015-04-10
	19. CONOCOPHILLIPS		2014-09-22	2015-04-10
	97. COSTCO WHSL CORP NEW COM			2015-04-10
	238. DBS GROUP HLDGS LTD			2015-04-10
	87. DBS GROUP HLDGS LTD			2015-04-10
	1127. DAIWA SECURITIES GR SPON A D R			2015-04-10
	137. DANAHER CORP COM			2015-04-10
	176. DASSAULT SYSTEMES SA A D R		2011-04-21	2015-04-10
	182. DELTA AIR LINES INC		2013-02-13	2015-04-10
	99. WALT DISNEY COMPANY		2011-02-28	2015-04-10
	65. WALT DISNEY COMPANY		2015-01-20	2015-04-10
	31. DISCOVER FINL SVCS			2015-04-10
	139. DISCOVER FINL SVCS			2015-04-10
	131. DR PEPPER SNAPPLE GROUP		2014-11-21	2015-04-10
	75. EXXON MOBIL CORP			2015-04-10
	12. EXXON MOBIL CORP		2014-09-22	2015-04-10
	314. FANUC CORPORATION A D R			2015-04-10
	138. FLOWSERVE CORP COM		2008-05-20	2015-04-10
	127. FRESENIUS MED AKTIENGESELLSCHAFT ADR			2015-04-10
	250. FUCHS PETROLUB SE PREF A D R		2014-03-17	2015-04-10
	98. FUCHS PETROLUB SE PREF A D R		2014-09-04	2015-04-10
	95. GILEAD SCIENCES INC			2015-04-10
	22. GOOGLE INC CL A			2015-04-10
	14. GOOGLE INC CL C		2015-04-01	2015-04-10
	23. GOOGLE INC CL C			2015-04-10
	262. GRIFOLS SA A D R			2015-04-10
	123. HCA HOLDINGS INC		2014-11-21	2015-04-10
	455. HD SUPPLY HOLDINGS INC			2015-04-10
	157. HSBC HLDGS PLC SPONSORED ADR NEW			2015-04-10
	130. HAIN CELESTIAL GROUP INC COM			2015-04-10
	45. HAIN CELESTIAL GROUP INC COM		2013-03-20	2015-04-10
	261. HANESBRANDS INC		2013-06-21	2015-04-10
	77. HARMAN INTERNATIONAL			2015-04-10
	159. HITACHI LTD ADR 10 COM			2015-04-10
	428. HOME RETAIL GROUP PLC A D R		2014-05-07	2015-04-10
	212. HONG KONG EXCHANGES A D R			2015-04-10
	255. HUANENG PWR INTL INC SPON ADR SER N			2015-04-10
	215. HUTCHISON WHAMPOA LTD UNSP ADR		2015-01-26	2015-04-10
	329. IBERDROLA S SPONS A D R			2015-04-10
	731. ICICI BANK LTD A D R		2011-04-21	2015-04-10
	144. IMPERIAL OIL LTD ORD			2015-04-10
	1308. ING GROEP N V SPONSORED ADR			2015-04-10
	276. INTESA SANPAOLO A D R		2014-05-06	2015-04-10
	428. ITAU UNIBANCO HOLDINGS SA A D R			2015-04-10
	108. JGC CORP UNSPONSORED A D R			2015-04-10
	6. JOHNSON & JOHNSON		2014-11-21	2015-04-10
	83. JOHNSON & JOHNSON			2015-04-10
	15. KIMBERLY CLARK CORP COM			2015-04-10
	75. KIMBERLY CLARK CORP COM			2015-04-10
	193. KONE OYJ B UNSPONSORED A D R			2015-04-10
	126. KROGER CO COM		2014-09-22	2015-04-10
	231. LOREAL UNSPONSORED A D R		2011-04-21	2015-04-10
	99. LVMH MOET HENNESSY A D R		2011-04-21	2015-04-10
	92. LAUDER ESTEE COS INC CL A		2011-05-11	2015-04-10
	168. LINCOLN NATL CORP IND COM			2015-04-10
	175. LINDE AG A D R		2014-10-15	2015-04-10
	42. LINKEDIN CORP A			2015-04-10
	655. LONZA GROUP AG UNSPON A D R		2013-07-22	2015-04-10
	121. LOWE'S COS INC		2015-03-23	2015-04-10
	138. MACYS INC			2015-04-10
	394. MAGNA INTL INC CL A			2015-04-10
	144. MAGNA INTL INC CL A		2013-03-18	2015-04-10
	34. MAGNA INTL INC CL A		2014-09-22	2015-04-10
	61. MCKESSON HBOC INC COM			2015-04-10
	42. MCKESSON HBOC INC COM		2013-11-26	2015-04-10
	342. MICROSOFT CORP			2015-04-10
	162. MITSUBISHI ESTATE LTD A D R		2013-10-01	2015-04-10
	66. MONOTARO CO LTD UNSP A D R		2013-11-19	2015-04-10
	56. MONSANTO CO			2015-04-10
	218. MTN GROUP LTD A D R			2015-04-10
	56. MTN GROUP LTD A D R		2014-05-15	2015-04-10
	80. NATIONAL GRID PLC SP A D R		2011-11-21	2015-04-10
	286. NESTLE S A SPONSORED ADR REPSTG REG SH			2015-04-10
	163. NESTLE S A SPONSORED ADR REPSTG REG SH		2011-04-21	2015-04-10
	469. NISSAN MTR LTD SPONSORED ADR			2015-04-10
	139. NOVARTIS AG SPONSORED ADR		2014-12-26	2015-04-10
	107. NOVARTIS AG SPONSORED ADR			2015-04-10
	309. NOVO NORDISK AS A D R			2015-04-10
	23. NOVO NORDISK AS A D R		2014-08-29	2015-04-10
	137. NOVO NORDISK AS A D R			2015-04-10
	245. OMEGA HEALTHCARE INVS INC		2015-01-05	2015-04-10
	18. ORACLE CORP COM		2014-06-13	2015-04-10
	202. ORACLE CORP COM			2015-04-10
	399. ORANGE SPON A D R		2014-03-25	2015-04-10
	387. ORANGE SPON A D R		2014-07-17	2015-04-10
	180. ORIX CORP SPONS A D R			2015-04-10
	109. PNC FINL SVCS GROUP INC COM			2015-04-10
	86. PACKAGING CORP AMERICA		2014-03-12	2015-04-10
	22. PACKAGING CORP AMERICA			2015-04-10
	60. PALO ALTO NETWORKS INC		2014-04-17	2015-04-10
	948. PANASONIC CORP A D R			2015-04-10
	26. PIONEER NAT RES CO		2014-11-26	2015-04-10
	66. PIONEER NAT RES CO		2010-05-21	2015-04-10
	5. THE PRICELINE GROUP INC		2009-01-22	2015-04-10
	480. PROSIEBEN SAT 1 UNSP ADR A D R		2015-03-25	2015-04-10
	1. RAYTHEON CO COM NEW		2014-06-13	2015-04-10
	78. RAYTHEON CO COM NEW		2013-11-26	2015-04-10
	21. RESTORATION HARDWARE HOLDING		2013-10-14	2015-04-10
	88. RESTORATION HARDWARE HOLDING			2015-04-10
	137. REYNOLDS AMERICAN INC		2015-03-23	2015-04-10
	139. RIO TINTO PLC SPONSORED ADR		2013-12-13	2015-04-10
	397. ROCHE HOLDINGS LTD SPONS A D R			2015-04-10
	283. ROCHE HOLDINGS LTD SPONS A D R		2011-04-21	2015-04-10
	75. ROCKWELL COLLINS INC		2015-02-06	2015-04-10
	90. ROYAL DUTCH SHELL PLC A D R		2014-08-01	2015-04-10
	130. ROYAL DUTCH SHELL PLC A D R			2015-04-10
	572. SPDR GOLD TRUST		1901-01-01	2015-04-10
	39. SANDS CHINA LTD UNSPONS A D R		2014-05-15	2015-04-10
	39. SANDS CHINA LTD UNSPONS A D R			2015-04-10
	102. SANOFI A D R		2014-09-02	2015-04-10
	214. SANOFI A D R			2015-04-10
	111. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU			2015-04-10
	11. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2014-08-29	2015-04-10
	53. SASOL LTD SPONSORED ADR		2011-04-21	2015-04-10
	79. SCHEIN HENRY INC COMMON STOCK		2007-06-08	2015-04-10
	122. SCHLUMBERGER LTD ORD			2015-04-10
	15. SCHLUMBERGER LTD ORD		2014-09-22	2015-04-10
	74. SCHLUMBERGER LTD ORD		2014-01-07	2015-04-10
	76. SCHLUMBERGER LTD ORD			2015-04-10
	433. SCHNEIDER ELECT SE UNSP A D R		2011-04-21	2015-04-10
	404. SEKISUI HOUSE LTD A D R		2013-11-05	2015-04-10
	592. SEVEN I HLDGS UNSPN A D R			2015-04-10
	50. SHIRE PLC A D R			2015-04-10
	62. SHIRE PLC A D R			2015-04-10
	39. SHIRE PLC A D R		2014-05-19	2015-04-10
	16. SHIRE PLC A D R		2014-10-17	2015-04-10
	37. SIEMENS A G SPONSORED ADR		2010-07-28	2015-04-10
	97. SKYWORKS SOLUTIONS INC		2014-03-12	2015-04-10
	132. SONOVA HOLDING UNSPON ADR			2015-04-10
	318. STARBUCKS CORP COM			2015-04-10
	152. STARWOOD HOTELS & RESORTS			2015-04-10
	149. SUNCOR ENERGY INC		2012-06-18	2015-04-10
	135. SUNCOR ENERGY INC		2014-06-13	2015-04-10
	235. SUNTRUST BKS INC			2015-04-10
	143. SVENSKA HANDELSBANKEN A UNSP A D R			2015-04-10
	245. SWEDBANK A B A D R		2012-09-13	2015-04-10
	246. SYMRISE AG UNSPON A D R			2015-04-10
	402. SYSMEX CORP UNSPON A D R			2015-04-10
	560. TAIWAN SEMICONDUCTOR MFG SPON ADR			2015-04-10
	840. TECHTRONIC INDUSTRIES SP ADR			2015-04-10
	82. TESORO CORPORATION		2015-01-05	2015-04-10
	166. TEXAS INSTRS INC COM		2015-03-23	2015-04-10
	103. THERMO ELECTRON CORP COM			2015-04-10
	242. TOTAL FINA SA SPONSORED ADR			2015-04-10
	187. TRINET GROUP INC		2015-01-20	2015-04-10
	232. TRINITY INDS INC			2015-04-10
	1184. TURKIYE GARANTI BANKASI A S A D R		2011-04-21	2015-04-10
	1785. UNI CHARM CORPORATION A D R		2011-04-21	2015-04-10
	82. UNILEVER PLC COM		2011-04-21	2015-04-10
	144. UNION PACIFIC CORPORATION		2009-07-27	2015-04-10
	68. UNION PACIFIC CORPORATION		2011-04-25	2015-04-10
	175. UNITED NAT FOODS INC COM W/RIGHTS ATTACH			2015-04-10
	126. UNITED RENTALS INC COM			2015-04-10
	113. UNITED TECHNOLOGIES CORP COM			2015-04-10
	65. UNITED TECHNOLOGIES CORP COM		2013-02-13	2015-04-10
	9. UNITED TECHNOLOGIES CORP COM		2014-09-22	2015-04-10
	198. V F CORP COM			2015-04-10
	344. VALEOSA SPON ADR			2015-04-10
	97. VERIZON COMMUNICATIONS		2011-04-25	2015-04-10
	13. VERIZON COMMUNICATIONS		2014-06-13	2015-04-10
	328. VISA INC			2015-04-10
	97. WPP PLC SPONSORED A D R		2011-04-21	2015-04-10
	102. WALGREENS BOOTS ALLIANCE INC		2012-09-06	2015-04-10
	176. WELLS FARGO & CO NEW			2015-04-10
	44. WHIRLPOOL CORP COM		2013-06-21	2015-04-10
	6. WHIRLPOOL CORP COM		2014-09-22	2015-04-10
	213. WISDOMTREE EUR S/C DIVIDEND FUND			2015-04-10
	211. XCEL ENERGY INC COM		2014-01-07	2015-04-10
	173. AMDOCS LTD		2014-03-12	2015-04-10
	16. AMDOCS LTD		2014-06-13	2015-04-10
	140. ACCENTURE PLC CL A		2015-01-13	2015-04-10
	65. BUNGE LIMITED COM			2015-04-10
	122. SEAGATE TECHNOLOGY			2015-04-10
	51. SEAGATE TECHNOLOGY			2015-04-10
	134. TE CONNECTIVITY LTD		2014-06-13	2015-04-10
	72. LYONDELLBASELL INDUSTRIES CL A		2014-01-07	2015-04-10
	14. LYONDELLBASELL INDUSTRIES CL A		2014-11-21	2015-04-10
	148. MYLAN NV		2015-03-23	2015-04-10
	81. NXP SEMICONDUCTORS NV		2015-01-27	2015-04-10
	169. NXP SEMICONDUCTORS NV			2015-04-10
	31. COPA HOLDINGS SA CL A		2012-03-26	2015-04-10
	42. COPA HOLDINGS SA CL A		2014-07-17	2015-04-10
	113. ROYAL CARIBBEAN CRUISES LTD		2014-03-12	2015-04-10
	3350. ISHARES MSCI EMERGING MARKETS ETF			2015-04-14
	250000. J P MORGAN CHASE 5.150% 10/01/15		2005-12-22	2015-04-14
	2338.464 NUVEEN REAL ESTATE SECS I		2014-10-13	2015-04-14
	2255.426 NUVEEN REAL ESTATE SECS I		2011-04-11	2015-04-14
	9124.262 PARNASSUS CORE EQUITY INCOME INST		2015-01-23	2015-04-14
	93. SPDR GOLD TRUST		2014-06-26	2015-04-27
	433. ISHARES IBOXX INVEST GRADE CORP ETF			2015-04-29
	235. I SHARES S P SMALLCAP 600 INDEX FD		2015-04-27	2015-04-29
	305. POWERSHARES QQQ ETF		2015-04-14	2015-04-29
	353. HEALTH CARE SELECT SECTOR S P D R		2015-04-14	2015-04-29
	1124. CONSUMER STAPLES SPDR		2015-01-23	2015-04-29
	1354. UTILITIES SELECT SECTOR SPDR ETF		2015-01-23	2015-04-29
	270. VANGUARD GLBL EX US REAL ESTATE ETF		2014-10-13	2015-04-29
	442. VANGUARD REIT ETF		2015-04-14	2015-04-29
	279. VANGUARD EXTENDED MARKET VIPERS		2015-04-27	2015-04-29
	1. SECURITY LITIGATION		1911-11-11	2015-05-01
	479. SPDR GOLD TRUST		1901-01-01	2015-05-14
	479. SPDR GOLD TRUST		1901-01-01	2015-06-12
	1. SECURITY LITIGATION		1911-11-11	2015-06-29
	479. SPDR GOLD TRUST		1901-01-01	2015-07-08
	479. SPDR GOLD TRUST		1901-01-01	2015-08-07
	1. SECURITY LITIGATION		1911-11-11	2015-08-19
	479. SPDR GOLD TRUST		1901-01-01	2015-09-04
	15166.835 NUVEEN GLOBAL INFRASTR FD CL I		2015-04-27	2015-09-15
	479. SPDR GOLD TRUST		1901-01-01	2015-10-05
	479. SPDR GOLD TRUST		1901-01-01	2015-11-04
	1122. ISHARES IBOXX INVEST GRADE CORP ETF			2015-11-06
	316. ISHARES MSCI EAFE ETF		2015-04-27	2015-11-06
	277. ISHARES JPMORGAN USD EMERG ETF			2015-11-06
	254. ISHARES JPMORGAN USD EMERG ETF		2015-04-27	2015-11-06
	597. ISHARES CORE MSCI EMERGING MKTS ETF		2015-04-29	2015-11-06
	2872.485 NUVEEN HIGH INCOME BOND FD CL I		2014-06-26	2015-11-06
	3218.256 NUVEEN HIGH INCOME BOND FD CL I		2015-04-27	2015-11-06
	54. POWERSHARES QQQ ETF		2015-04-14	2015-11-06
	1848. VANGUARD GLBL EX US REAL ESTATE ETF		2014-10-13	2015-11-06
	479. SPDR GOLD TRUST		1901-01-01	2015-12-03
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,640	4,647	-7
b	2,026	2,853	-827
c	4,462	4,913	-451
d	4,462	3,229	1,233
e	729	784	-55
	8,170	7,049	1,121
	3,376	1,891	1,485
	3,422	5,443	-2,021
	6,066	6,595	-529
	5,392	4,517	875
	22	24	-2
	6,283	3,594	2,689
	1,809	5,735	-3,926
	76,730	87,463	-10,733
	167,876	103,748	64,128
	139,058	126,745	12,313
	59,499	61,885	-2,386
	187,196	117,636	69,560
	47,415	34,277	13,138
	104,143	107,885	-3,742
	27,464	28,588	-1,124
	184,768	121,855	62,913
	6,133	4,439	1,694
	4,417	4,066	351
	9,815	11,227	-1,412
	2,060	1,933	127
	4,635	3,786	849
	1,343	973	370
	185,221	192,115	-6,894
	2,845	3,408	-563
	80		80
	9,559	8,995	564
	23	26	-3
	1,698	1,026	672
	6,050	5,020	1,030
	365	334	31
	184	164	20
	99	101	-2
	252	220	32
	823	751	72
	68	49	19
	479	438	41
	116	138	-22
	170	272	-102
	89	92	-3
	395	275	120
	109	104	5
	111	130	-19
	306	174	132
	144	156	-12
	218	162	56
	78	69	9
	141	198	-57
	262	195	67
	55	57	-2
	7,354	5,989	1,365
	6,634	4,593	2,041
	9,034	5,128	3,906
	1,100	1,083	17
	3,855	5,802	-1,947
	23	27	-4
	2,515	1,690	825
	921	596	325
	1,079	901	178
	569	500	69
	1,890	1,057	833
	357	299	58
	468	147	321
	1,405	1,226	179
	2,590	931	1,659
	7,930	8,763	-833
	2,794	1,878	916
	593	531	62
	1,156	823	333
	4,286	1,535	2,751
	2,241	1,732	509
	9,102	8,490	612
	1,173	984	189
	1,508	960	548
	6,682	6,628	54
	10,957	12,235	-1,278
	5,686	1,906	3,780
	5,657	4,976	681
	29,952	22,590	7,362
	60,357	57,084	3,273
	12,116	6,222	5,894
	1,463	1,135	328
	5,024	5,257	-233
	8,716	4,395	4,321
	5,850	5,822	28
	8,623	7,085	1,538
	7,020	6,359	661
	5,894	6,308	-414
	5,060	5,603	-543
	8,811	6,027	2,784
	537	435	102
	9,490	8,656	834
	7,189	7,578	-389
	11,369	9,195	2,174
	10,458	8,617	1,841
	10,191	7,758	2,433
	5,957	5,834	123
	6,893	3,265	3,628
	18,911	11,147	7,764
	9,132	8,016	1,116
	1,612	1,159	453
	7,900	4,118	3,782
	7,561	4,787	2,774
	7,472	7,798	-326
	6,095	4,204	1,891
	10,458	6,514	3,944
	12,922	8,104	4,818
	8,824	4,447	4,377
	6,462	3,810	2,652
	12,541	13,043	-502
	30,224	4,233	25,991
	9,795	4,366	5,429
	7,350	4,266	3,084
	5,850	6,086	-236
	5,985	5,130	855
	9,833	5,260	4,573
	5,719	5,165	554
	4,516	6,749	-2,233
	3,408	3,214	194
	4,827	4,770	57
	22,376	8,962	13,414
	3,028	2,901	127
	3,677	1,558	2,119
	4,685	4,603	82
	15,084	7,334	7,750
	7,693	6,155	1,538
	20,797	14,914	5,883
	17,104	11,931	5,173
	7,413	4,328	3,085
	7,856	5,062	2,794
	770	645	125
	675	621	54
	9,759	3,189	6,570
	10,101	4,778	5,323
	9,722	8,107	1,615
	8,438	4,826	3,612
	9,876	8,708	1,168
	7,653	5,743	1,910
	6,380	3,384	2,996
	9,501	3,195	6,306
	7,513	4,119	3,394
	5,799	2,280	3,519
	18,886	5,061	13,825
	10,818	2,015	8,803
	5,483	3,932	1,551
	1,176	1,361	-185
	6,629	5,592	1,037
	10,536	5,615	4,921
	9,515	8,604	911
	597	556	41
	8,595	7,181	1,414
	6,283	5,671	612
	1,270	1,514	-244
	14,471	11,764	2,707
	14,265	9,779	4,486
	5,215	4,285	930
	8,982	8,513	469
	11,687	3,920	7,767
	11,889	7,164	4,725
	7,886	2,683	5,203
	10,562	4,331	6,231
	6,935	6,192	743
	1,785	1,894	-109
	8,003	3,795	4,208
	10,331	9,418	913
	6,382	6,543	-161
	1,021	1,156	-135
	11,875	8,504	3,371
	7,691	5,812	1,879
	5,465	4,647	818
	2,607	3,172	-565
	1,022	1,014	8
	9,676	9,931	-255
	12,011	5,723	6,288
	7,539	7,606	-67
	12,386	6,005	6,381
	9,078	9,986	-908
	9,538	8,380	1,158
	14,448	11,723	2,725
	7,011	8,022	-1,011
	8,449	5,834	2,615
	2,925	1,359	1,566
	8,963	3,238	5,725
	10,732	8,349	2,383
	10,653	10,033	620
	4,130	5,783	-1,653
	6,816	3,437	3,379
	13,045	11,694	1,351
	6,295	5,660	635
	8,544	9,187	-643
	7,471	7,276	195
	6,076	7,312	-1,236
	19,533	17,524	2,009
	5,550	5,679	-129
	5,085	5,697	-612
	4,280	6,382	-2,102
	608	648	-40
	8,407	6,973	1,434
	1,601	1,600	1
	8,004	6,287	1,717
	4,410	4,424	-14
	9,683	6,572	3,111
	8,681	5,780	2,901
	3,583	3,391	192
	7,720	4,581	3,139
	9,622	7,529	2,093
	3,596	3,353	243
	11,033	9,714	1,319
	8,436	5,247	3,189
	8,981	9,218	-237
	9,518	7,918	1,600
	21,287	14,545	6,742
	7,784	4,065	3,719
	1,838	1,775	63
	13,600	13,388	212
	9,358	6,917	2,441
	14,237	15,819	-1,582
	3,894	4,827	-933
	2,433	1,534	899
	6,680	5,135	1,545
	4,026	4,525	-499
	1,034	1,209	-175
	5,295	3,954	1,341
	22,090	11,445	10,645
	12,595	9,907	2,688
	9,896	7,889	2,007
	14,345	13,083	1,262
	11,056	5,274	5,782
	17,216	8,797	8,419
	1,283	1,058	225
	7,640	5,041	2,599
	9,530	9,940	-410
	783	758	25
	8,787	6,441	2,346
	6,521	5,676	845
	6,325	5,989	336
	13,602	8,041	5,561
	10,204	9,568	636
	6,714	6,167	547
	1,718	1,483	235
	8,740	4,203	4,537
	12,343	11,636	707
	4,526	4,226	300
	11,488	3,865	7,623
	5,914	333	5,581
	6,149	5,913	236
	110	97	13
	8,549	6,853	1,696
	1,950	1,334	616
	8,170	6,816	1,354
	10,110	9,769	341
	5,784	7,195	-1,411
	14,014	8,549	5,465
	9,993	5,482	4,511
	7,270	6,556	714
	5,351	7,340	-1,989
	7,730	8,779	-1,049
	24	26	-2
	1,871	2,864	-993
	1,871	3,374	-1,503
	5,318	5,633	-315
	11,158	7,460	3,698
	8,116	7,298	818
	804	859	-55
	1,881	2,974	-1,093
	11,192	4,155	7,037
	10,800	9,269	1,531
	1,328	1,523	-195
	6,550	6,474	76
	6,727	6,309	418
	6,690	7,521	-831
	6,096	5,666	430
	13,136	10,038	3,098
	12,496	10,111	2,385
	15,497	5,856	9,641
	9,748	6,627	3,121
	3,992	2,918	1,074
	4,039	3,554	485
	9,654	3,544	6,110
	3,655	2,252	1,403
	15,231	10,226	5,005
	12,886	10,792	2,094
	4,684	4,196	488
	4,244	5,767	-1,523
	9,752	9,444	308
	3,173	2,358	815
	5,694	4,438	1,256
	3,887	3,370	517
	11,907	4,089	7,818
	13,137	8,310	4,827
	13,986	9,086	4,900
	6,980	5,917	1,063
	9,552	9,831	-279
	13,748	5,220	8,528
	12,399	16,066	-3,667
	6,894	6,235	659
	8,329	9,116	-787
	3,895	6,180	-2,285
	9,389	4,587	4,802
	3,501	2,665	836
	16,007	4,132	11,875
	7,554	3,299	4,255
	12,861	13,759	-898
	11,986	6,675	5,311
	13,290	8,513	4,777
	7,650	5,811	1,839
	1,059	966	93
	14,848	9,571	5,277
	26,329	8,923	17,406
	4,761	3,598	1,163
	638	640	-2
	21,678	15,983	5,695
	11,375	5,995	5,380
	9,339	3,568	5,771
	9,564	5,217	4,347
	8,602	5,020	3,582
	1,173	924	249
	12,164	11,294	870
	7,220	5,861	1,359
	9,373	7,763	1,610
	867	778	89
	13,308	12,594	714
	5,490	4,818	672
	6,727	3,098	3,629
	2,812	2,862	-50
	9,490	8,237	1,253
	6,538	5,664	874
	1,271	1,287	-16
	10,296	9,433	863
	8,232	6,329	1,903
	17,175	12,617	4,558
	3,299	2,420	879
	4,470	6,426	-1,956
	9,238	5,707	3,531
	143,009	111,993	31,016
	254,755	249,603	5,152
	57,292	53,177	4,115
	55,258	42,408	12,850
	371,905	370,901	1,004
	10,736	11,776	-1,040
	51,864	52,942	-1,078
	27,789	27,769	20
	33,403	32,839	564
	25,712	26,041	-329
	54,704	56,229	-1,525
	60,252	66,502	-6,250
	15,997	14,458	1,539
	35,731	36,620	-889
	25,827	25,964	-137
	69		69
	18	24	-6
	19	25	-6
	109		109
	21	29	-8
	18	27	-9
	13		13
	18	26	-8
	150,607	172,599	-21,992
	17	24	-7
	18	27	-9
	128,702	137,910	-9,208
	19,175	21,486	-2,311
	29,893	32,031	-2,138
	27,411	29,042	-1,631
	25,396	31,450	-6,054
	21,572	26,743	-5,171
	24,169	27,130	-2,961
	6,187	5,814	373
	97,074	98,959	-1,885
	17	26	-9
			7,993

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			-7
b			-827
c			-451
d			1,233
e			-55
			1,121
			1,485
			-2,021
			-529
			875
			-2
			2,689
			-3,926
			-10,733
			64,128
			12,313
			-2,386
			69,560
			13,138
			-3,742
			-1,124
			62,913
			1,694
			351
			-1,412
			127
			849
			370
			-6,894
			-563
			80
			564
			-3
			672
			1,030
			31
			20
			-2
			32
			72
			19
			41
			-22
			-102
			-3
			120
			5
			-19
			132
			-12
			56
			9
			-57
			67
			-2
			1,365
			2,041
			3,906
			17
			-1,947
			-4
			825
			325
			178
			69
			833
			58
			321
			179
			1,659
			-833
			916
			62
			333
			2,751
			509
			612
			189
			548
			54
			-1,278
			3,780
			681
			7,362
			3,273
			5,894
			328
			-233
			4,321
			28
			1,538
			661
			-414
			-543
			2,784
			102
			834
			-389
			2,174
			1,841
			2,433
			123
			3,628
			7,764
			1,116
			453
			3,782
			2,774
			-326
			1,891
			3,944
			4,818
			4,377
			2,652
			-502
			25,991
			5,429
			3,084
			-236
			855
			4,573
			554
			-2,233
			194
			57
			13,414
			127
			2,119
			82
			7,750
			1,538
			5,883
			5,173
			3,085
			2,794
			125
			54
			6,570
			5,323
			1,615
			3,612
			1,168
			1,910
			2,996
			6,306
			3,394
			3,519
			13,825
			8,803
			1,551
			-185
			1,037
			4,921
			911
			41
			1,414
			612
			-244
			2,707
			4,486
			930
			469
			7,767
			4,725
			5,203
			6,231
			743
			-109
			4,208
			913
			-161
			-135
			3,371
			1,879
			818
			-565
			8
			-255
			6,288
			-67
			6,381
			-908
			1,158
			2,725
			-1,011
			2,615
			1,566
			5,725
			2,383
			620
			-1,653
			3,379
			1,351
			635
			-643
			195
			-1,236
			2,009
			-129
			-612
			-2,102
			-40
			1,434
			1
			1,717
			-14
			3,111
			2,901
			192
			3,139
			2,093
			243
			1,319
			3,189
			-237
			1,600
			6,742
			3,719
			63
			212
			2,441
			-1,582
			-933
			899
			1,545
			-499
			-175
			1,341
			10,645
			2,688
			2,007
			1,262
			5,782
			8,419
			225
			2,599
			-410
			25
			2,346
			845
			336
			5,561
			636
			547
			235
			4,537
			707
			300
			7,623
			5,581
			236
			13
			1,696
			616
			1,354
			341
			-1,411
			5,465
			4,511
			714
			-1,989
			-1,049
			-2
			-993
			-1,503
			-315
			3,698
			818
			-55
			-1,093
			7,037
			1,531
			-195
			76
			418
			-831
			430
			3,098
			2,385
			9,641
			3,121
			1,074
			485
			6,110
			1,403
			5,005
			2,094
			488
			-1,523
			308
			815
			1,256
			517
			7,818
			4,827
			4,900
			1,063
			-279
			8,528
			-3,667
			659
			-787
			-2,285
			4,802
			836
			11,875
			4,255
			-898
			5,311
			4,777
			1,839
			93
			5,277
			17,406
			1,163
			-2
			5,695
			5,380
			5,771
			4,347
			3,582
			249
			870
			1,359
			1,610
			89
			714
			672
			3,629
			-50
			1,253
			874
			-16
			863
			1,903
			4,558
			879
			-1,956
			3,531
			31,016
			5,152
			4,115
			12,850
			1,004
			-1,040
			-1,078
			20
			564
			-329
			-1,525
			-6,250
			1,539
			-889
			-137
			69
			-6
			-6
			109
			-8
			-9
			13
			-8
			-21,992
			-7
			-9
			-9,208
			-2,311
			-2,138
			-1,631
			-6,054
			-5,171
			-2,961
			373
			-1,885
			-9

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	793,993
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 ...................		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? Yes No

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	291,550	5,482,411	0.053179
2013	284,656	5,370,674	0.053002
2012	356,803	5,192,971	0.068709
2011	309,816	5,332,820	0.058096
2010	312,381	5,260,092	0.059387

Total of line 1, column (d) .....................

20.292373

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 . . .

0.058475

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

4,871,168

Multiply line 4 by line 3......................

284,842

Enter 1% of net investment income (1% of Part I, line 27b)...........

9,086

Add lines 5 and 6........................

293,928

Enter qualifying distributions from Part XII, line 4.............

358,600

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	9,086
	hereand 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	9,086
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	9,086
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	6,664
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,664
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,422
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSOCIATION Telephone no. bullet

(651) 466-8722

Located at bullet

101 E FIFTH STST PAULMN ZIP+4 bullet

55101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
US BANK NA	TRUSTEE 1	68,374
800 NICOLLET MALL MINNEAPOLIS,MN55402	TRUSTEE 1	68,374

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


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......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,898,741

Average of monthly cash balances.......................

46,607

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

4,945,348

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,945,348

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

74,180

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

4,871,168

Minimum investment return. Enter 5% of line 5..................

243,558

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

243,558

Tax on investment income for 2015 from Part VI, line 5......

9,086

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

9,086

Distributable amount before adjustments. Subtract line 2c from line 1............

234,472

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

234,472

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

234,472

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

358,600

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

358,600

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).................

9,086

Adjusted qualifying distributions. Subtract line 5 from line 4..............

349,514

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)

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					234,472
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	51,682
b From 2011......	48,767
c From 2012......	100,310
d From 2013......	23,689
e From 2014......	24,090
fTotal of lines 3a through e........		248,538
4Qualifying distributions for 2015 from Part
XII, line 4: $ 358,600
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.....					234,472
e Remaining amount distributed out of corpus		124,128
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		372,666
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) ...		51,682
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		320,984
10 Analysis of line 9:
a Excess from 2011....	48,767
b Excess from 2012....	100,310
c Excess from 2013....	23,689
d Excess from 2014....	24,090
e Excess from 2015....	124,128

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

LISA HINIKER
101 E FIFTH ST
ST PAUL,MN55101
(651) 466-8722

bThe form in which applications should be submitted and information and materials they should include:

LETTER FORMAT

cAny submission deadlines:

APPLICATIONS ACCEPTED AT ANY TIME

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE TRUST PRIMARILY MAKES GRANTS FOR CHARITABLE, EDUCATIONAL, AND RELIGIOUS OR SCIENTIFIC PURPOSES.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST STEPHEN'S LUTHERAN CHURCH 1575 CHARLTON ST WEST ST PAUL,MN55118	NONE	PC	GENERAL OPERATING PURPOSES	5,000
360 COMMUNITIES 501 E HIGHWAY 13 SUITE 102 BURNSVILLE,MN553372877	NONE	PC	CAPITAL CAMPAIGN	100,000
THE CHILDREN'S THEATER COMPANY 2400 THIRD AVE S MINNEAPOLIS,MN55404	NONE	PC	GENERAL OPERATING PURPOSES	75,000
PLAYWRIGHTS CENTER INC 2301 EAST FRANKLIN AVE MINNEAPOLIS,MN55406	NONE	PC	GENERAL OPERATING PURPOSES	1,000
THEATERLATT DA 345 13TH AVE NE MINNEAPOLIS,MN55413	NONE	PC	GENERAL OPERATING PURPOSES	1,000
INDEPENDENT SCHOOL DISTRICT #197 1897 DELAWARE AVENUE MENDOTA HEIGHTS,MN55118	NONE	PC	GENERAL OPERATING PURPOSES	10,000
NC LITTLE MEMORIAL HOSPICE INC 7019 LYNMAR LANE EDINA,MN55435	NONE	PC	GENERAL OPERATING SUPPORT	1,000
LUTHERAN MIDEAST DEVELOPMENT C/O ST STEPHEN'S LUTHERAN CHURCH 1575 CHARLTON ST WEST ST PAUL,MN55118	NONE	N/A	GENERAL	150,400
Total ................................. 3a				343,400

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	174,928
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	793,993
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)..				968,921

13Total. Add line 12, columns (b), (d), and (e)..................

13968,921

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
J P MORGAN CHASE 10/01/2015
AMERICAN CENTY INTL BD FD
ISHARES JP MORGAN EM BOND FD
NUVEEN HIGH INCOME BOND FD	160,475	138,756
OPPENHEIMER SR FLOAT RATE
ISHARES IBOXX INVEST GRADE COR
PRINCIPAL PREFERRED SEC INS	676,389	653,590

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
VANGUARD REIT ETF	AT COST	364,942	358,785
VANGUARD EXTENDED MARKET VIPER	AT COST	248,194	223,495
UTILITIES SELECT SECTOR SPDR E	AT COST	550,355	519,879
POWERSHARES QQQ ETF	AT COST	236,874	246,092
NUVEEN GLOBAL INFRASTR FD CL I	AT COST	130,519	112,030
ISHARES MSCI EAFE ETF	AT COST	281,724	243,923
ISHARES JPMORGAN USD EMERG ETF	AT COST	155,521	148,409
ISHARES IBOXX INVEST GRADE COR	AT COST	685,519	652,023
ISHARES CORE S P SMALL CAP ETF	AT COST	246,608	229,800
ISHARES 20 YEAR TREASURY BOND	AT COST	432,963	409,369
HEALTH CARE SELECT SECTOR S P	AT COST	260,150	254,338
CONSUMER STAPLES SPDR	AT COST	509,899	520,602
AQR MANAGED FUTURES STR I	AT COST	53,993	48,529

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,943	1,943		0
FOREIGN TAXES ON NONQUALIFIED	345	345		0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CISCO SYS INC
EXXON MOBIL CORP
JOHNSON & JOHNSON
MICROSOFT CORP
VERIZON COMUNICATIONS
SCHLUMBERGER LTD
QUALCOMM INC
UNITED TECHNOLOGIES CORP
AMGEN INC
CONOCOPHILLIPS
WELLS FARGO & CO
GILEAD SCIENCES INC
INTEL CORP
APPLE INC
CHEVRON CORPORATION
MONSANTO CO
V F CORP
BOEING CO
DANAHER CORP
GOOGLE INC CL A
IBM CORP
SCHEIN HENRY INC
AIA GROUP LTD ADR
AT&T INC
CVS/CAREMARK CORP
DISNEY WALT CO
KIMBERLY CLARK CORP
ATLAS COPCO AB ADR
TOTAL S A ADR
HONDA MOTOR CO LTD ADR
BRITISH AMERN TOB PLC ADR
NESTLE S A SPONS ADR
NOVARTIS A G ADR
ROCHE HLDG LTD ADR
DBS GROUP HLDGS LTD
FLOWSERVE CORP
UNION PACIFIC CORP
WALGREEN CO
MICHAEL KORS HOLDINGS
ANADARKO PETROLEUM CORP
CERNER CORP
SANOFI ADR
THERMO FISHER SCIENTIFIC INC
BOC HONG KONG HLDGS LTD ADR
METLIFE INC
P N C FINANCIAL SERVICES GROUP
NATIONAL GRID PLC SP ADR
AMERICAN CENTY HERITAGE FD 330
NEUBERGER BERMAN GENESIS INSTL
T ROWE PRICE MID CAP VALUE FD
CANADIAN PACIFIC RAILWAY
KROGER CO
ORACLE CORPORATION
PRICELINE COM INC
COPA HOLDINGS SA CL A
MTN GROUP LTD ADR
NISSAN MOTOR LTD SPONS ADR
ORIX CORP SPONS ADR
SAP AG ADR
ISHARES MSCI EMERGING MKTS ETF	187,435	140,150
AMERIPRISE FINL INC
BORG WARNER INC
CELGENE CORP
EMC CORP
LYONDELLBASELL INDUSTRIES CL A
PIONEER NAT RES CO
PRECISION CASTPARTS CORP
ANHEUSER BUSCH INBEV NV ADR
BT GROUP PLC ADR
BAYERISCHE MOTOREN WERKE ADR
HSBC HOLDINGS PLC SPONS ADR
LVMH MOET HENNESSY LOU VUI ADR
ROYAL DUTCH SHELL PLC ADR
SIEMENS AG ADR
NOVO NORDISK AS ADR
AMAZON COM INC
COMCAST CORP CL A
DISCOVER FINL SVCS
FLUOR CORP
HELMERICH PAYNE INC
LAUDER ESTEE COS INC CL A
MACYS INC
XCEL ENERGY INC
AIR LIQUIDE SA ADR
ALLIANZ SE ADR
ARM HLDGS PLC ADR
ATLAS COPCO AB SPONS ADR
B A E SYSTEMS PLC ADR
B G GROUP PLC ADR
BROOKFIELD ASSET MANAGE CL A
BUNGE LIMITED
CANADIAN NATL RY CO
CSL LIMITED ADR
DASSAULT SYSTEMES SA ADR
FANUC CORPORATION ADR
FRESENIUS MED CARE SPONS ADR
HITACHI LTD
I C I C I BANK LIMITED ADR
IMPERIAL OIL LTD
ITAU UNIBANCO HOLDINGS SA ADR
JGC CORP UNSPONS ADR
LONZA GROUP AG UNSPONS ADR
LOREAL CO UNSPONS ADR
SASOL LTD SPONS ADR
SCHNEIDER ELECT SA UNSP ADR
SHIRE PLC ADR
SONOVA HOLDING UNSPON ADR
SWATCH GROUP AG ADR
TAIWAN SEMICONDUCTOR ADR
TURKIYE GARANTI BANKASI AS ADR
UNI CHARM CORPORATION ADR
UNILEVER NV ADR
WPP PLC SPONS ADR
NUVEEN REAL ESTATE SECURIT
ANALOG DEVICES INC
BLACKROCK INC
SANDS CHINA LTD UNSPONS ADR
SEAGATE TECHNOLOGY
SEVEN & HLDGS UNSPN ADR
SUNCOR ENERGY
SVENSKA HANDELSBANKEN A ADR
SWEDBANK AB ADR
SYSMEX CORP UNSPON ADR
VALEOSA SPON ADR
XINYI GLASS HOLDINGS LTS ADR
SPDR GOLD TRUST	74,427	48,599
ABBVIE INC
ALLSTATE CORP
CMS ENERGY CORP
DELTA AIRLINES
HAIN CELESTIAL GROUP
HANESBRANDS INC
LINCOLN NATL CORP IND
LINKEDIN CORP A
MCKESSON CORP
RAYTHEON COMPANY
RESTORATION HARDWARE HOLDING
SPLUNK INC
STARBUCKS CORP
STARWOOD HOTELS & RESORTS
UNITED RENTALS INC
WHIRLPOOL CORP
VISA INC
AXA ADR REPSTG 1
BNP PARIBAS SA ADR
BAIDU COM INC ADR
BANCO BILBAO VIZCAYA ARGEN ADR
DAIWA SECURITIES GR SPON ADR
GRAN TIERRA ENERGY INC
HONG KONG EXCHANGES ADR
ING GROEP NV SPONS ADR
LAFARGE SA ADR
MAGNA INTL INC CL A
MITSUBISHI ESTATE LTD ADR
MONOTARO CO LTD UNSP ADR
RIO TINTO PLC ADR
SEKISUI HOUSE LTD ADR
TECHTRONIC INDUSTRIES SP ADR
HIGHLAND LONG SHORT EQUITY FD
WISDOMTREE EUR S/C DIVIDEND FD
ADOBE SYS INC
AEGON N V NY REG SHR
AETNA INC
ALIBABA GROUP HOLDING LTD A D
AMDOCS LTD
BIOGEN IDEC INC
CDW CORP DE
COSTCO WHSL CORP
DR PEPPER SNAPPLE GROUP
FUCHS PETROLUB SE PREF A D R
GOOGLE INC CL C
GRIFOLS SA A D R
HARMAN INTERNATIONAL
HCA HOLDINGS INC
HD SUPPLY HOLDINGS INC
HOME RETAIL GROUP PLC A D R
HUANENG PWR INTL INC SPON ADR
IBERDROLA S SPONS A D R
INTESA SANPAOLO A D R
LINDE AG A D R
NXP SEMICONDUCTORS NV
ORANGE SPON A D R
PACKAGING CORP AMERICA
PALO ALTO NETWORKS INC
PANASONIC CORP A D R
ROYAL CARIBBEAN CRUISES LTD
SKYWORKS SOLUTIONS INC
SPDR S P EMERGING SMALL CAP
STRATASYS LTD
SUNTRUST BKS INC
SYMRISE AG UNSPON A D R
TE CONNECTIVITY LTD
TRINITY INDS INC
TYSON FOODS INC CL A
VANGUARD GLBL EX US REAL ESTAT

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	474	474		0
STATE OF MINNESOTA FILING FEE	25	0		25