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
F KAYSER TEST TR UNO 58001160
 
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

47-6020805
B Telephone number (see instructions)

(402) 536-5186
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$3,006,741J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 66,878 65,928  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 151,494
b Gross sales price for all assets on line 6a 1,892,015
7 Capital gain net income (from Part IV, line 2)... 151,494
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........ 218,372 217,422  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 37,827 34,045   3,783
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,209 1,077   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 55 55    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,091 35,177 0 4,783
25 Contributions, gifts, grants paid....... 148,588 148,588
26 Total expenses and disbursements. Add lines 24 and 25 191,679 35,177 0 153,371
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,693
b Net investment income (if negative, enter -0-) 182,245
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 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............. 1,957 2,010 2,010
2 Savings and temporary cash investments......... 92,662 98,841 98,841
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,557,285 Click to see attachment686,919 794,396
c Investments—corporate bonds (attach schedule)....... 1,340,796 Click to see attachment898,811 790,805
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment1,332,532 1,316,172
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,448 Click to see attachment4,517 Click to see attachment4,517
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,997,148 3,023,630 3,006,741
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) Click to see attachment40  
23 Total liabilities (add lines 17 through 22)......... 40 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........ 1,996,882 3,023,630
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,000,226  
30 Total net assets or fund balances (see instructions)..... 2,997,108 3,023,630
31 Total liabilities and net assets/fund balances (see instructions). 2,997,148 3,023,630
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
2,997,108
2
Enter amount from Part I, line 27a .....................
2
26,693
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,023,801
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
171
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,023,630
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 1. SECURITY LITIGATION   1911-11-11 2015-04-15
b 1. SECURITY LITIGATION   1911-11-11 2015-06-17
c 1. SECURITY LITIGATION   1911-11-11 2015-06-17
d 2275.303 ABERDEEN FDS EMRGN   2014-11-25 2015-07-08
e 9251.991 ABERDEEN FDS EMRGN     2015-07-08
13293.188 AMER CENT DIVERSIFI BOND INS   2014-11-25 2015-07-22
3519.769 COLUMBIA INCOME FD CL Z   2014-11-25 2015-07-22
8113.544 DRIEHAUS ACTIVE INCOME FUND   2014-08-22 2015-07-22
47. I SHARES S P SMALLCAP 600 INDEX FD   2009-08-26 2015-07-22
1627.221 MAINSTAY FLOATING RATE I   2013-02-26 2015-07-22
841.758 NEUBERGER BERMAN GENESIS INSTL FD   2010-08-13 2015-07-22
1800.884 NUVEEN INFLATION PRO SEC CL I     2015-07-22
3724.268 OPPENHEIMER DEVELOPING MARKETS I     2015-07-22
667.233 OPPENHEIMER DEVELOPING MARKETS I   2014-11-25 2015-07-22
3769.762 T ROWE PRICE INTL BOND FUND   2014-08-22 2015-07-22
434. SPDR S P 500 ETF   2010-09-10 2015-07-22
47. MIDCAP SPDR TRUST SERIES I E T F   2009-08-26 2015-07-22
5303.911 LS OPPORTUNITY   2014-08-22 2015-07-22
4245.518 NUVEEN HIGH INCOME BOND FD CL I     2015-07-27
1. SECURITY LITIGATION   1911-11-11 2015-08-19
864.068 AMER CENT DIVERSIFI BOND INS   2014-11-25 2015-09-15
264.878 COLUMBIA INCOME FD CL Z   2014-11-25 2015-09-15
908.613 AMERICAN EUROPACIFIC GRTH F2   2011-06-27 2015-09-15
814.453 FEDERATED INST HI YLD BD FD   2014-08-22 2015-09-15
3569.625 FIDELITY CAP TR APPREC FD 307   2012-06-18 2015-09-15
1470.077 GLENMEDE SC EQUITY PORT ADV   2015-07-22 2015-09-15
2444. ISHARES MSCI EAFE ETF   2015-07-22 2015-09-15
473.769 MAINSTAY FLOATING RATE I   2012-12-12 2015-09-15
646.16 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2014-08-22 2015-09-15
79.554 NEUBERGER BERMAN LONG SH INS   2013-02-26 2015-09-15
427.199 NUVEEN INFLATION PRO SEC CL I   2011-06-27 2015-09-15
304.497 ROBECO BOSTON PARTNERS L S RSRCH   2013-02-26 2015-09-15
3685.387 RIVERPARK WEDGEWOOD FUND   2012-06-18 2015-09-15
63.232 ROWE T PRICE MID-CAP GROWTH FD INC   2014-11-25 2015-09-15
5850.687 ROWE T PRICE VALUE FD INC   2012-06-18 2015-09-15
24. SPDR S P 500 ETF   2010-09-10 2015-09-15
4879.28 LAUDUS INTERNATIONAL MARKETMASTERS     2015-09-15
3297.406 SCOUT INTERNATIONAL FUND   2011-06-27 2015-09-15
817.029 TCW EMERGING MARKETS INCOME FUND   2014-11-25 2015-09-15
12098.254 TCW EMERGING MARKETS INCOME FUND   2014-11-25 2015-09-22
1. SECURITY LITIGATION   1911-11-11 2015-10-15
.3333 FOUR CORNERS PROPERTY TRUST   2015-09-15 2015-12-04
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 65     65
b 16     16
c 11     11
d 29,647   33,765 -4,118
e 120,553   134,227 -13,674
143,168   144,630 -1,462
34,705   35,796 -1,091
84,056   86,653 -2,597
5,551   2,395 3,156
15,263   15,605 -342
50,152   31,229 18,923
19,810   21,436 -1,626
129,046   119,273 9,773
23,120   25,982 -2,862
31,591   36,304 -4,713
91,759   48,339 43,420
12,833   5,646 7,187
62,957   69,322 -6,365
34,092   39,755 -5,663
39     39
9,271   9,401 -130
2,564   2,694 -130
42,360   37,953 4,407
7,884   8,413 -529
131,005   100,842 30,163
38,134   40,236 -2,102
145,031   158,420 -13,389
4,392   4,534 -142
6,332   6,597 -265
1,003   911 92
4,631   4,690 -59
4,644   3,818 826
64,973   46,731 18,242
5,074   5,190 -116
193,073   138,427 54,646
4,770   2,673 2,097
108,613   103,247 5,366
100,043   106,473 -6,430
6,258   6,889 -631
92,310   102,018 -9,708
94     94
7   7  
      31,115
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       65
b       16
c       11
d       -4,118
e       -13,674
      -1,462
      -1,091
      -2,597
      3,156
      -342
      18,923
      -1,626
      9,773
      -2,862
      -4,713
      43,420
      7,187
      -6,365
      -5,663
      39
      -130
      -130
      4,407
      -529
      30,163
      -2,102
      -13,389
      -142
      -265
      92
      -59
      826
      18,242
      -116
      54,646
      2,097
      5,366
      -6,430
      -631
      -9,708
      94
       
       
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 2 151,494
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 156,682 3,113,329 0.050326
2013 153,690 3,270,581 0.046992
2012 156,386 3,123,948 0.05006
2011 148,265 3,166,090 0.046829
2010 99,248 3,025,770 0.032801
2
Total of line 1, column (d) .....................
20.227008
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
0.045402
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,171,033
5
Multiply line 4 by line 3......................
5
143,971
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,822
7
Add lines 5 and 6........................
7
145,793
8
Enter qualifying distributions from Part XII, line 4.............
8
153,371
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 1,822
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 1,822
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 1,822
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,263
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 2,263
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 441
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet441 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NA Telephone no.bullet (402) 536-5186

    Located atbullet1700 FARNAM STOMAHANE ZIP+4bullet68102
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA CORP TRUSTEE
    1     		37,827    
    1700 FARNAM ST
    OMAHA,NE68102
    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.........................bullet  
    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
    3,127,953
    b
    Average of monthly cash balances.......................
    1b
    91,370
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,219,323
    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
    3,219,323
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    48,290
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,171,033
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    158,552
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    158,552
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,822
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,822
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    156,730
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    156,730
    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
    156,730
    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
    153,371
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    153,371
    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
    1,822
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    151,549
    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 7 156,730
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 148,588
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 153,371
    a Applied to 2014, but not more than line 2a 148,588
    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..... 4,783
    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 ..........     		151,947
    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.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    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
    UNIVERSITY OF NEBRASKA AT OMAHA
    ATTN CAROL KIRCHNER
    OMAHA,NE681820002     		NONE PC SCHOLARSHIP 148,588
    Total .................................bullet 3a 148,588
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    4 Dividends and interest from securities....     14 66,878  
    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 ............     		    18 151,494  
    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)..   218,372  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13218,372
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND FD 71,033 54,935
    NUVEEN INFLATION PRO SEC CL I 92,890 91,118
    MAINSTAY FLOATING RATE FD I    
    GOLDMAN SACHS COMM STRAT INS 97,360 51,231
    AMER CENT DIVERSIFI BOND INS 155,052 151,632
    COLUMBIA INCOME FD CL Z 64,538 60,223
    DRIEHAUS ACTIVE INCOME FUND    
    FEDERATED INST HI YLD BD FD 192,807 173,465
    LOOMIS SAYLES STRATEGIC ALPHA 126,521 118,549
    T ROWE PRICE INTL BOND FUND    
    TCW EMERGING MARKETS INCOME FU 98,610 89,652

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NUVEEN REAL ESTATE SEC 164,186 191,871
    I SHARES MSCI EAFE INDEX FD    
    I SHARES S&P SMALLCAP 600 INDE 69,309 77,980
    LAUDUS INTL MKTMASTERS FD    
    MIDCAP SPDR TRUST S I ETF 28,588 60,462
    NEUBERGER BERMAN GENESIS INSTL 39,039 34,787
    SPDR S&P 500 ETF TRUST 113,778 160,038
    ROWE T PRICE VALUE FD INC    
    OPPENHEIMER DEVEL MKTS FD CL Y    
    ROWE T PRICE MID CAP VAL FD    
    SCOUT INTERNATIONAL FUND    
    AMERICAN EUROPACIFIC GRTH F2    
    ABERDEEN FDS EMRGN MKT INSTL    
    FIDELITY CAP TR    
    RIVERPARK WEDGEWOOD FUND    
    NEUBERGER BERMAN LONG SH INS 91,127 92,124
    ROBECO BOSTON PARTNERS L S R 117,397 120,416
    LS OPPORTUNITY    
    T ROWE PRICE MID CAP GROWTH FD 63,495 56,718

    TY 2015 InvestmentsOtherSchedule2
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    A E S CORP AT COST 2,150 1,837
    ABBVIE INC AT COST 1,008 1,007
    ACE LTD AT COST 3,047 3,506
    ACTIVISION BLIZZARD INC AT COST 2,455 3,174
    AIA GROUP LTD A D R AT COST 7,843 8,581
    AIR LIQUIDE S A A D R AT COST 6,458 6,056
    ALLERGAN PLC AT COST 6,691 6,875
    ALLIANZ SE A D R AT COST 6,793 7,453
    ALLSTATE CORP AT COST 2,073 2,173
    ALLY FINANCIAL INC AT COST 1,580 1,398
    ALPHABET INC CL A AT COST 6,673 7,780
    ALPHABET INC CL C AT COST 6,365 7,589
    AMERICAN HOMES 4 RENT A AT COST 1,014 1,066
    AMERICAN INTERNATIONAL GROUP AT COST 2,943 3,099
    ANADARKO PETROLEUM CORP AT COST 1,184 874
    ANHEUSER BUSCH INBEV NV A D R AT COST 4,103 4,750
    ANTHEM INC AT COST 1,337 1,255
    AON PLC AT COST 1,383 1,383
    APPLE INC AT COST 3,145 2,842
    ARM HLDGS PLC A D R AT COST 4,742 4,750
    ASTRAZENECA P L C SPSD A D R AT COST 1,438 1,460
    ATLAS COPCO AB SPONS A D R AT COST 3,340 3,174
    AVERY DENNISON CORP AT COST 1,070 1,128
    AVIANCA HOLDINGS A D R AT COST 1,395 1,055
    B G GROUP P L C A D R AT COST 5,265 4,922
    BAIDU COM INC A D R AT COST 4,527 6,049
    BANCO BILBAO VIZCAYA ARGEN A D AT COST 3,018 2,478
    BARON EMERGING MARKETS INSTITU AT COST 154,606 140,952
    BAYERISCHE MOTOREN WERK UNSPON AT COST 4,521 4,777
    BBT CORP AT COST 1,488 1,512
    BERKSHIRE HATHAWAY INC CL B AT COST 8,483 8,451
    BRITISH AMERN TOB PLC SPON A D AT COST 4,290 4,418
    BROADCOM CORP CL A AT COST 5,021 5,377
    BROCADE COMMUNICATIONS SYS AT COST 1,032 909
    BUNGE LIMITED AT COST 3,338 3,209
    C H ROBINSON WORLDWIDE INC AT COST 6,334 5,644
    CABLEVISION SYSTEMS NY GROUP C AT COST 6,042 6,763
    CANADIAN NATL RY CO AT COST 4,451 4,415
    CANADIAN NATURAL RESOURCES LTD AT COST 1,377 1,506
    CANON INC SPONS A D R AT COST 17,208 16,963
    CAPITAL ONE FINANCIAL CORP AT COST 6,450 6,063
    CARDINAL HEALTH INC AT COST 1,025 1,071
    CARNIVAL PLC A D R AT COST 1,497 1,594
    CAUSEWAY EMERGING MARKETS INST AT COST 155,154 130,136
    CBS CORP CLASS B NON VOTING AT COST 5,872 6,315
    CHUNGHWA TELECOM CO LTD A D R AT COST 14,124 13,904
    CIENA CORP AT COST 4,930 4,552
    CIGNA CORP AT COST 1,410 1,463
    CISCO SYSTEMS INC AT COST 4,414 4,589
    CITIGROUP INC AT COST 5,804 5,744
    COMCAST CORP CLASS A AT COST 1,776 1,749
    CONAGRA FOODS INC AT COST 7,757 7,800
    CROWN HOLDINGS INC AT COST 1,761 1,825
    CSL LIMITED A D R AT COST 3,999 4,749
    CVS HEALTH CORPORATION FMV 3,258 3,129
    DANAHER CORP AT COST 7,878 8,266
    DANONE SPON A D R AT COST 1,671 1,851
    DARDEN RESTAURANTS INC AT COST 4,775 4,837
    DASSAULT SYSTEMES SA A D R AT COST 8,850 9,939
    DBS GROUP HLDGS LTD SPON A D R AT COST 3,105 2,895
    DELHAIZE GROUP SPONS A D R AT COST 5,407 5,878
    DELTA AIR LINES INC AT COST 3,013 3,244
    DISCOVER FINL SVCS AT COST 2,703 2,735
    DOW CHEM CO AT COST 5,574 6,538
    DR REDDYS LABORATORIES LTD A D AT COST 1,510 1,157
    E BAY INC AT COST 1,016 1,072
    E O G RES INC AT COST 3,479 3,186
    E TRADE FINANCIAL CORP AT COST 3,913 4,179
    ELECTRONIC ARTS INC AT COST 8,357 8,246
    ENDO INTERNATIONAL PLC AT COST 4,783 3,857
    ENERGEN CORP AT COST 1,035 861
    EQUITABLE CORP AT COST 1,025 730
    EXPEDIA INC AT COST 7,025 7,334
    EXPRESS SCRIPTS HLDGS C AT COST 3,580 3,671
    F5 NETWORKS INC AT COST 6,625 5,430
    FANUC CORPORATION A D R AT COST 6,425 6,769
    FIFTH THIRD BANCORP AT COST 1,025 1,025
    FLY LEASING LTD A D R AT COST 7,599 7,753
    FOUR CORNERS PROPERTY TRUST AT COST 559 604
    FRESENIUS AKTIENGESELLSCHAFT A AT COST 8,149 8,452
    FUCHS PETROLUB SE PREF A D R AT COST 2,737 2,858
    GENERAL DYNAMICS CORP AT COST 2,130 2,060
    GILEAD SCIENCES INC AT COST 3,014 2,732
    GLAXO SMITHKLINE P L C A D R AT COST 5,895 5,931
    GLENMEDE SC EQUITY PORT ADV AT COST 41,159 37,415
    HAIN CELESTIAL GROUP INC AT COST 5,826 4,039
    HARLEY DAVIDSON INC AT COST 1,102 908
    HARRIS CORP DEL AT COST 1,558 1,825
    HEWLETT PACKARD ENTERPRIS WI AT COST 999 1,064
    HONDA MOTOR CO LTD A D R AT COST 4,280 4,374
    HONEYWELL INTERNATIONAL INC AT COST 1,107 1,139
    HONG KONG EXCHANGES A D R AT COST 1,639 1,757
    HP INC AT COST 909 829
    HUNTSMAN CORP AT COST 1,008 773
    ICICI BANK LTD A D R AT COST 4,529 4,158
    IMPERIAL OIL LTD AT COST 3,284 3,447
    INDUSTRIAS BACHOCO SAB DE CV A AT COST 13,731 10,880
    INGERSOLL RAND PLC AT COST 1,075 1,051
    INTERNATIONAL PAPER CO AT COST 1,155 1,056
    ISHARES CORE S P SMALL CAP ETF AT COST 21,096 45,586
    ITAU UNIBANCO HOLDINGS SA A D AT COST 2,467 2,200
    J P MORGAN CHASE CO AT COST 14,752 15,253
    JGC CORP UNSPON A D R AT COST 2,386 2,567
    JOHNSON JOHNSON AT COST 6,810 7,396
    KONE OYJ B UNSPON A D R AT COST 2,793 3,004
    LEAR CORP AT COST 1,405 1,597
    LIBERTY BROADBAND C AT COST 1,029 985
    LIBERTY GLOBAL PLC SERIES C AT COST 3,097 2,854
    LIBERTY MEDIA CORP C AT COST 1,233 1,295
    LINCOLN NATIONAL CORP AT COST 6,394 6,333
    LINDE AG A D R AT COST 2,111 1,803
    LINKEDIN CORP A AT COST 3,914 4,502
    LOCKHEED MARTIN CORP AT COST 3,753 3,909
    LOREAL UNSPON A D R AT COST 5,594 5,670
    LOWES CO INC AT COST 6,205 6,768
    LVMH MOET HENNESSY A D R AT COST 2,483 2,299
    MACYS INC AT COST 1,147 700
    MAINSTAY FLOATING RATE I AT COST 95,190 88,857
    MALLINCKRODT PLC AT COST 4,486 4,030
    MARATHON PETROLEUM CORP AT COST 1,327 1,452
    MASTERCARD INC AT COST 5,450 5,744
    MEDTRONIC PLC AT COST 3,636 4,000
    MERCK AND CO INC AT COST 3,761 3,697
    METHANEX CORP AT COST 1,038 924
    METLIFE INC AT COST 1,535 1,495
    MICROSOFT CORP AT COST 5,171 6,491
    MITSUBISHI ESTATE LTD A D R AT COST 2,441 2,428
    MIZUHO FNL GRP A D R AT COST 7,832 7,922
    MONOTARO CO LTD UNSP A D R AT COST 2,243 2,779
    MTN GROUP LTD A D R AT COST 2,612 1,694
    NASPERS LTD N SPON A D R AT COST 2,154 2,318
    NATIONAL GRID PLC SP A D R AT COST 17,657 18,706
    NESTLE SA SPONSORED A D R AT COST 21,522 21,359
    NICE SYS LTD SPONSORED A D R AT COST 9,281 8,770
    NOVARTIS AG A D R AT COST 7,525 6,711
    NOVO NORDISK AS A D R AT COST 6,519 6,737
    NTT DOCOMO INC A D R AT COST 11,506 13,079
    NXP SEMICONDUCTORS NV AT COST 1,367 1,264
    OCCIDENTAL PETROLEUM CORPORATI AT COST 5,160 5,206
    OMNICOM GROUP INC AT COST 1,026 1,135
    ON SEMICONDUCTOR CORPORATION AT COST 6,142 5,851
    ORACLE CORPORATION AT COST 2,441 2,338
    ORIX CORP SPONS A D R AT COST 1,053 1,124
    PEARSON P L C A D R AT COST 1,533 927
    PFIZER INC AT COST 6,192 6,004
    PHILLIPS 66 AT COST 3,892 4,008
    POST HOLDINGS INC AT COST 11,307 10,242
    PROCTER & GAMBLE CO AT COST 4,526 5,162
    QEP RESOURCES INC AT COST 1,030 1,139
    QUEST DIAGNOSTICS INC AT COST 1,475 1,565
    RAYTHEON COMPANY AT COST 2,870 3,362
    RELX NV SPON A D R AT COST 6,987 7,489
    ROCHE HOLDINGS LTD SPON A D R AT COST 13,078 13,409
    SANDS CHINA LTD UNSPONS A D R AT COST 2,749 2,784
    SANOFI A D R AT COST 2,688 2,303
    SAP SE SPON A D R AT COST 5,892 6,961
    SASOL LTD SPON A D R AT COST 2,345 2,038
    SCHLUMBERGER LTD AT COST 8,487 8,021
    SCHNEIDER ELECT SE UNSP A D R AT COST 4,024 3,619
    SEAGATE TECHNOLOGY AT COST 1,024 770
    SHIRE PLC A D R AT COST 3,310 3,075
    SIX FLAGS ENTERTAINMENT AT COST 1,038 1,264
    SKYWORKS SOLUTIONS INC AT COST 8,355 6,992
    SMITH NEPHEW PLC SPON A D R AT COST 8,140 8,117
    SONOVA HOLDING UNSPON ADR AT COST 2,525 2,479
    SUMITOMO MITSUI FINL GROUP A D AT COST 1,392 1,321
    SUNTRUST BKS INC AT COST 5,188 5,526
    SVENSKA HANDELSBANKEN A UNSP A AT COST 2,006 1,756
    SYMRISE AG UNSPON A D R AT COST 2,647 2,949
    SYSMEX CORP UNSPON A D R AT COST 5,843 6,815
    T ROWE PRICE MID CAP VALUE FD AT COST 57,019 56,123
    TAIWAN SEMICONDUCTOR A D R AT COST 8,343 9,259
    TARGET CORP AT COST 2,653 2,469
    TEGNA INC AT COST 4,470 4,823
    TEVA PHARMACEUTICAL INDS LTD A AT COST 17,695 17,854
    TEXTRON INC AT COST 1,028 1,050
    TOYOTA MTR CORP A D R AT COST 7,082 7,259
    TRAVELERS COS INC AT COST 1,214 1,354
    TRINITY BIOTECH PLC SPON A D R AT COST 2,038 1,646
    TURKIYE GARANTI BANKASI A S A AT COST 2,086 2,140
    TYSON FOODS INC CL A AT COST 3,285 4,000
    UNI CHARM CORPORATION A D R AT COST 4,964 5,281
    UNILEVER PLC SPON A D R AT COST 3,463 3,751
    UNITED CONTINENTAL HOLDINGS IN AT COST 1,662 1,662
    UNITED TECHNOLOGIES CORP AT COST 2,879 2,978
    VERIZON COMMUNICATIONS INC AT COST 2,931 2,912
    WACOAL HOLDINGS CORP A D R AT COST 3,002 2,868
    WELLS FARGO CO AT COST 7,688 7,773
    WESTERN DIGITAL CORP AT COST 1,779 1,321
    WESTPAC BANKING CORP SP A D R AT COST 3,788 4,216
    WESTROCK CO AT COST 1,200 912
    WNS HOLDINGS LTD ADR AT COST 3,908 4,055
    WPP PLC SPON A D R AT COST 9,706 10,671
    XL GROUP PLC AT COST 1,281 1,332
    ZIMMER BIOMET HOLDINGS INC AT COST 1,401 1,436

    TY 2015 OtherAssetsSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 4,448 4,517 4,517


    TY 2015 OtherDecreasesSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Description Amount
    COST BASIS ADJUSTMENT 171


    TY 2015 OtherExpensesSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 55 55   0


    TY 2015 OtherLiabilitiesSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Description Beginning of Year - Book Value End of Year - Book Value
    RETURN OF CAPITAL 40  


    TY 2015 TaxesSchedule
    Name:
    F KAYSER TEST TR UNO 58001160
    EIN:
    47-6020805
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 1,077 1,077   0
    FEDERAL ESTIMATED TAXES 2,263 0   0
    FEDERAL TAX PAYMENT- PRIOR YEA 869 0   0