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
FRANCIS H FITZGERALD TR UA 14272700
 
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

41-6053922
B Telephone number (see instructions)

(218) 723-2946
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$1,293,445J 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... 33,731 32,648  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 36,369
b Gross sales price for all assets on line 6a 646,060
7 Capital gain net income (from Part IV, line 2)... 36,369
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)....... Click to see attachment 1,094    
12 Total. Add lines 1 through 11........ 71,194 69,017  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,574 21,216   2,357
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 842 842   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 271     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,687 22,058 0 3,382
25 Contributions, gifts, grants paid....... 90,000 90,000
26 Total expenses and disbursements. Add lines 24 and 25 115,687 22,058 0 93,382
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -44,493
b Net investment income (if negative, enter -0-) 46,959
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............. -1,020 189 189
2 Savings and temporary cash investments......... 49,362 22,389 22,389
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)....... 982,705 Click to see attachment683,288 779,745
c Investments—corporate bonds (attach schedule)....... 221,403 Click to see attachment223,094 206,782
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1 Click to see attachment277,823 283,630
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment712 Click to see attachment710 Click to see attachment710
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,253,163 1,207,493 1,293,445
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 attachment516  
23 Total liabilities (add lines 17 through 22)......... 516 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........   1,207,493
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,252,647  
30 Total net assets or fund balances (see instructions)..... 1,252,647 1,207,493
31 Total liabilities and net assets/fund balances (see instructions). 1,253,163 1,207,493
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
1,252,647
2
Enter amount from Part I, line 27a .....................
2
-44,493
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,208,154
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
661
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,207,493
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 .598 OUTFRONT MEDIA INC   2014-10-08 2015-01-08
b 152. GENERAL ELECTRIC CO   2013-12-16 2015-01-09
c 13. WHIRLPOOL CORP   2013-09-26 2015-01-09
d 115. STAPLES INC   2013-09-26 2015-01-13
e 65. HALLIBURTON CO     2015-01-14
45. RANGE RESOURCES CORP   2014-10-15 2015-01-14
472. BANK OF AMERICA CORP   2013-09-26 2015-01-16
26. POLARIS INDS INC   2013-09-26 2015-01-16
504. DEUTSCHE BOERSE AG UNSPN A D R     2015-01-26
242. HOLCIM LTD UNSPON A D R   2014-08-08 2015-01-26
86. UNIBAIL RODAMCO SE UNSP A D R     2015-01-26
41. MEDTRONIC INC   2015-01-16 2015-01-27
23. COVIDIEN PLC   2013-12-16 2015-01-27
37. COVIDIEN PLC   2013-09-26 2015-01-27
24. COVIDIEN PLC   2013-02-25 2015-01-27
15. BOEING CO   2014-09-12 2015-01-28
21. DOVER CORP   2013-09-26 2015-01-28
955.335 MORGAN DEMPSEY SMALL MICRO CAP VALUE   2013-05-07 2015-01-29
33. CINEMARK HLDGS INC   2013-09-26 2015-01-30
13. TARGET CORP   2015-01-16 2015-01-30
13. WHIRLPOOL CORP     2015-01-30
108. GENERAL ELECTRIC CO     2015-02-03
88. LOWES CO INC     2015-02-03
89. NATIONAL RETAIL PROPERTIES INC   2013-12-16 2015-02-03
8. P P G INDS INC   2013-09-26 2015-02-03
153. WESTAR ENERGY INC     2015-02-03
8. LYONDELLBASELL INDUSTRIES CL A   2014-11-10 2015-02-03
.304 MEDTRONIC PLC   2015-01-27 2015-02-05
50. ASTRAZENECA P L C SPSD A D R   2013-09-26 2015-02-06
41. MERCK AND CO INC   2013-09-26 2015-02-06
72. REDWOOD TRUST INC     2015-02-06
17. TEVA PHARMACEUTICAL INDS LTD A D R   2014-03-19 2015-02-06
17. EXXON MOBIL CORP     2015-02-09
43. OCCIDENTAL PETROLEUM CORPORATION     2015-02-20
218. TAIWAN SEMICONDUCTOR A D R     2015-02-20
27. ANADARKO PETROLEUM CORP   2013-09-26 2015-02-25
66. EMERSON ELECTRIC CO     2015-02-25
229. SLM CORP COM     2015-02-25
124. AIRBUS GROUP NV A D R     2015-03-02
49. HITACHI LTD ADR 10 COM     2015-03-02
75. REDWOOD TRUST INC   2013-02-25 2015-03-02
32. DAIMLER AG     2015-03-02
21. DOVER CORP     2015-03-03
22. DOVER CORP   2013-02-25 2015-03-11
28. BAYER AG A D R     2015-03-16
276. FIFTH THIRD BANCORP     2015-03-16
76. FIFTH THIRD BANCORP   2014-09-12 2015-03-16
182. J P MORGAN CHASE & CO     2015-03-16
101. LIBERTY PPTY TR SBI     2015-03-16
488. MFA FINANCIAL INC     2015-03-16
229. NAVIENT CORP W D     2015-03-16
17. PRUDENTIAL FINANCIAL INC   2013-09-26 2015-03-16
10. PRUDENTIAL FINANCIAL INC   2014-12-19 2015-03-16
180. SYNOVUS FINANCIAL CORP     2015-03-16
12. UNUM GROUP   2013-09-26 2015-03-16
13. UNUM GROUP   2013-09-26 2015-03-17
106. GOLDCORP INC   2014-06-24 2015-03-18
22. BEST BUY CO INC   2013-09-26 2015-03-20
76. COMMUNITY BK SYS INC     2015-03-20
171. SPECTRA ENERGY CORP     2015-03-27
20. WYNN RESORTS LTD   2015-01-30 2015-04-01
95. COMERICA INC     2015-04-07
3. CARNIVAL CORP   2013-02-25 2015-04-17
15. HASBRO INC   2013-09-26 2015-04-17
126. SEVEN I HLDGS UNSPN A D R     2015-04-17
39. STAPLES INC     2015-04-17
2. SIGNET JEWELERS LTD   2014-05-13 2015-04-17
26. LYONDELLBASELL INDUSTRIES CL A     2015-04-30
6. APPLE INC   2013-07-02 2015-05-07
84. CYPRESS SEMICONDUCTOR CORP     2015-05-07
427. PORSCHE AUTOMOBIL HLDG SE A D R     2015-05-22
150. REPSOL S A SPONSORED ADR     2015-05-22
13. CENTURYLINK INC   2014-12-09 2015-06-03
10. DELTA AIR LINES INC   2014-10-16 2015-06-03
17. TIME WARNER CABLE INC   2014-04-14 2015-06-03
295. ICICI BANK LTD A D R   2014-07-01 2015-06-08
18.8841 TALEN ENERGY CORP     2015-06-15
12.1159 TALEN ENERGY CORP   2015-02-03 2015-06-15
30. STRYKER CORP   2013-10-09 2015-06-16
21. OMNICOM GROUP INC   2014-05-23 2015-06-17
46. OMNICOM GROUP INC   2014-09-12 2015-06-17
23. VERIZON COMMUNICATIONS     2015-06-17
120. NRG ENERGY INC     2015-06-19
12. PPL CORPORATION   2013-02-25 2015-06-19
97. PPL CORPORATION   2015-02-03 2015-06-19
.2265 TALEN ENERGY CORP   2013-09-26 2015-06-19
116. AIRBUS GROUP NV A D R   2013-02-22 2015-06-23
137. AIRBUS GROUP NV A D R   2014-10-24 2015-06-23
.8319 KONINKLIJKE PHILIPS NVR NY A D R   2013-09-26 2015-06-24
243. CYPRESS SEMICONDUCTOR CORP   2014-12-12 2015-06-26
75.00211 ERICSSON LM TEL SP A D R   2014-02-03 2015-06-26
359.99789 ERICSSON LM TEL SP A D R   2014-02-03 2015-06-26
84. ERICSSON LM TEL SP A D R   2014-07-24 2015-06-26
10. PROCTER GAMBLE CO   2015-01-13 2015-06-26
137. PROCTER GAMBLE CO     2015-06-26
14. EXXON MOBIL CORP   2014-10-09 2015-07-01
19. UNITED HEALTH GROUP INC   2013-09-26 2015-07-01
169. SONY CORP A D R   2014-02-07 2015-07-23
43. CATERPILLAR INC     2015-07-29
186. AMERICA MOVIL A D R     2015-07-31
51. E O G RES INC     2015-08-04
85. VERIZON COMMUNICATIONS     2015-08-04
128. DEVON ENERGY CORPORATION     2015-08-10
141. CONAGRA FOODS INC   2015-06-26 2015-08-12
38. INTERNATIONAL BUSINESS MACHINES CORP   2015-02-03 2015-08-12
113. XILINX INC     2015-08-12
168. KINDER MORGAN INC     2015-08-14
104. TD AMERITRADE HLDG CORP   2015-03-16 2015-08-20
22. ANTHEM INC   2015-06-16 2015-08-28
111. COCA COLA COMPANY     2015-08-28
40. DAIMLER AG     2015-08-31
91. GEA GROUP AG SPON A D R     2015-09-03
4733.928 ABERDEEN FDS EMRGN   2011-11-02 2015-09-09
417. APPLIED MATERIALS INC     2015-09-14
72. OUTFRONT MEDIA INC   2014-10-08 2015-09-22
60. OUTFRONT MEDIA INC     2015-09-23
175. COLUMBIA PIPELINE GROUP W I     2015-09-25
261.402 OUTFRONT MEDIA INC     2015-09-29
.598 OUTFRONT MEDIA INC   2014-09-08 2015-09-29
107. SEAGATE TECHNOLOGY   2015-08-12 2015-09-29
51. EXXON MOBIL CORP     2015-09-30
111. EXXON MOBIL CORP     2015-09-30
55. LAS VEGAS SANDS CORP   2015-01-30 2015-09-30
84. DISCOVER FINL SVCS     2015-10-01
409. REGIONS FINL CORP     2015-10-01
206. REGIONS FINL CORP   2015-03-16 2015-10-01
144. CENTURYLINK INC     2015-10-02
26. CENTURYLINK INC   2014-12-09 2015-10-02
30. MEDTRONIC PLC     2015-10-05
11. BLACKROCK INC   2015-03-16 2015-10-09
21. CA INC   2013-09-26 2015-10-09
21. CA INC   2014-12-09 2015-10-09
115. PITNEY BOWES INC     2015-10-09
25. ROCKWELL AUTOMATION INC     2015-10-09
32. ROCKWELL AUTOMATION INC   2015-01-09 2015-10-09
65. TARGET CORP   2015-01-16 2015-10-09
65. STARWOOD PROPERTY TRUST INC     2015-10-14
51. STARWOOD PROPERTY TRUST INC   2015-03-03 2015-10-14
67. CHECK POINT SOFTWARE TECH LTD     2015-10-20
209. EMC CORPORATION   2015-08-28 2015-10-23
64. WESTERN DIGITAL CORP   2015-09-29 2015-10-23
101. BAKER HUGHES INC     2015-10-27
3.99968 ANADARKO PETROLEUM CORP   2014-12-19 2015-11-04
22.00032 ANADARKO PETROLEUM CORP     2015-11-04
158. AXA A D R     2015-11-04
179. B G GROUP P L C A D R   2014-05-12 2015-11-04
106. HEINEKEN NV SPN A D R     2015-11-04
81. LINCOLN NATL CORP IND     2015-11-04
16. LINCOLN NATL CORP IND   2014-12-19 2015-11-04
38. MORGAN STANLEY   2015-03-16 2015-11-04
87. MORGAN STANLEY     2015-11-04
128. NIPPON TELEGRAPH TELE A D R     2015-11-04
77. P N C FINANCIAL SERVICES GROUP INC     2015-11-04
74. PRUDENTIAL FINANCIAL INC     2015-11-04
5. PRUDENTIAL FINANCIAL INC   2015-08-28 2015-11-04
32. LYONDELLBASELL INDUSTRIES CL A     2015-11-04
14. LYONDELLBASELL INDUSTRIES CL A   2014-11-10 2015-11-04
54. M T BANK CORP     2015-11-05
173. ZIONS BANCORPORATION   2015-03-20 2015-11-05
142. UNUM GROUP     2015-11-06
18. UNUM GROUP   2015-10-23 2015-11-06
26. GENERAL ELECTRIC CO   2013-09-26 2015-11-12
277. HEWLETT PACKARD ENTERPRIS WI     2015-11-12
31. HEWLETT PACKARD ENTERPRIS WI     2015-11-12
72. INTEL CORP     2015-11-12
187. ONEOK INC     2015-11-12
141. PPL CORPORATION     2015-11-12
59. PINNACLE WEST CAP CORP     2015-11-12
26. PINNACLE WEST CAP CORP   2015-02-03 2015-11-12
64. UNITED TECHNOLOGIES CORP     2015-11-12
150. VERIZON COMMUNICATIONS     2015-11-12
218. PEARSON P L C A D R   2015-08-25 2015-11-18
75. NORDSTROM INC     2015-11-20
15. WHIRLPOOL CORP   2013-02-25 2015-11-20
10. WHIRLPOOL CORP   2015-07-29 2015-11-20
246. MERCK AND CO INC     2015-12-01
33. ANADARKO PETROLEUM CORP     2015-12-04
39. SIX FLAGS ENTERTAINMENT   2014-10-08 2015-12-04
75. ADIDAS AG A D R     2015-12-08
72. DELTA AIR LINES INC   2014-10-16 2015-12-09
277. HP INC     2015-12-09
31. HP INC     2015-12-09
24. SIX FLAGS ENTERTAINMENT     2015-12-10
37. BOEING CO   2014-09-12 2015-12-21
7. BOEING CO   2015-12-09 2015-12-21
49. PHILIP MORRIS INTL   2008-12-10 2015-12-21
8. PHILIP MORRIS INTL   2015-08-20 2015-12-21
40. UNILEVER N V A D R     2015-12-21
88. CINEMARK HLDGS INC     2015-12-22
20. TIME WARNER CABLE INC   2014-04-14 2015-12-22
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 16   16  
b 3,643   4,112 -469
c 2,582   1,918 664
d 1,972   1,705 267
e 2,481   4,171 -1,690
2,145   2,830 -685
7,094   6,641 453
3,558   3,317 241
3,735   3,310 425
3,332   3,742 -410
2,431   2,235 196
3,155   2,933 222
2,501   1,528 973
4,024   2,248 1,776
2,610   1,368 1,242
2,054   1,910 144
1,467   1,578 -111
11,454   11,149 305
1,236   1,045 191
966   961 5
2,623   1,686 937
2,632   2,794 -162
6,037   3,758 2,279
3,764   2,700 1,064
1,814   1,329 485
6,500   4,739 1,761
687   705 -18
23   23  
3,403   2,599 804
2,439   1,956 483
1,444   1,435 9
982   854 128
1,558   1,711 -153
3,440   3,842 -402
5,313   3,733 1,580
2,302   2,540 -238
3,840   4,024 -184
2,151   1,860 291
1,928   1,681 247
3,298   3,127 171
1,448   1,472 -24
3,098   2,074 1,024
1,507   1,406 101
1,548   1,339 209
4,286   3,777 509
5,301   4,639 662
1,460   1,578 -118
11,245   9,608 1,637
3,547   3,780 -233
3,808   3,895 -87
4,498   3,322 1,176
1,409   1,333 76
829   904 -75
5,084   4,452 632
407   371 36
441   402 39
1,910   2,948 -1,038
897   847 50
2,697   2,383 314
6,140   5,427 713
2,505   3,001 -496
4,350   3,980 370
141   105 36
987   713 274
2,774   2,354 420
621   560 61
264   204 60
2,698   1,923 775
752   359 393
1,061   1,147 -86
3,938   3,599 339
2,989   3,275 -286
427   507 -80
430   337 93
3,000   2,283 717
2,720   2,950 -230
350   317 33
225   241 -16
2,853   2,057 796
1,527   1,448 79
3,344   3,275 69
1,086   1,104 -18
3,005   3,111 -106
368   342 26
2,977   3,266 -289
4   4  
1,992   1,378 614
2,352   1,976 376
22   22  
2,902   3,241 -339
812   922 -110
3,897   4,427 -530
909   1,074 -165
794   914 -120
10,876   10,829 47
1,151   1,308 -157
2,337   1,370 967
4,944   2,817 2,127
3,290   3,411 -121
3,565   3,684 -119
3,911   4,763 -852
3,958   4,044 -86
6,137   7,990 -1,853
6,268   6,202 66
5,915   6,001 -86
4,899   4,668 231
5,712   7,013 -1,301
3,561   3,936 -375
3,069   3,671 -602
4,345   4,661 -316
3,203   2,237 966
3,502   3,445 57
55,292   64,429 -9,137
6,495   7,843 -1,348
1,626   2,152 -526
1,333   1,789 -456
3,369   5,284 -1,915
5,499   6,920 -1,421
13   19 -6
4,480   5,504 -1,024
3,764   4,715 -951
8,192   10,500 -2,308
2,070   3,045 -975
4,334   4,962 -628
3,660   3,944 -284
1,844   2,043 -199
3,484   4,795 -1,311
629   1,014 -385
2,113   2,320 -207
3,490   4,120 -630
606   635 -29
606   641 -35
2,400   2,497 -97
2,637   2,461 176
3,376   3,442 -66
5,103   4,807 296
1,354   1,396 -42
1,063   1,248 -185
5,415   3,583 1,832
5,422   5,233 189
4,453   4,442 11
5,275   5,887 -612
278   328 -50
1,531   1,879 -348
4,118   3,029 1,089
2,882   3,860 -978
4,729   3,813 916
4,447   3,041 1,406
878   926 -48
1,268   1,397 -129
2,904   2,323 581
4,761   3,387 1,374
7,096   5,913 1,183
6,262   4,708 1,554
423   405 18
3,061   2,142 919
1,339   1,234 105
6,501   6,087 414
5,113   4,738 375
5,116   4,160 956
648   601 47
798   628 170
3,780   4,275 -495
423   598 -175
2,353   1,735 618
5,390   6,569 -1,179
4,739   4,010 729
3,702   3,241 461
1,631   1,824 -193
6,356   4,668 1,688
6,736   6,998 -262
2,655   3,774 -1,119
4,193   5,554 -1,361
2,398   1,633 765
1,598   1,786 -188
13,281   11,437 1,844
1,886   2,582 -696
2,076   1,369 707
3,696   2,888 808
3,596   2,427 1,169
3,341   3,889 -548
374   544 -170
1,266   836 430
5,179   4,711 468
980   1,011 -31
4,207   2,057 2,150
687   673 14
1,693   1,597 96
2,844   2,569 275
3,616   2,686 930
      22,096
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        
b       -469
c       664
d       267
e       -1,690
      -685
      453
      241
      425
      -410
      196
      222
      973
      1,776
      1,242
      144
      -111
      305
      191
      5
      937
      -162
      2,279
      1,064
      485
      1,761
      -18
       
      804
      483
      9
      128
      -153
      -402
      1,580
      -238
      -184
      291
      247
      171
      -24
      1,024
      101
      209
      509
      662
      -118
      1,637
      -233
      -87
      1,176
      76
      -75
      632
      36
      39
      -1,038
      50
      314
      713
      -496
      370
      36
      274
      420
      61
      60
      775
      393
      -86
      339
      -286
      -80
      93
      717
      -230
      33
      -16
      796
      79
      69
      -18
      -106
      26
      -289
       
      614
      376
       
      -339
      -110
      -530
      -165
      -120
      47
      -157
      967
      2,127
      -121
      -119
      -852
      -86
      -1,853
      66
      -86
      231
      -1,301
      -375
      -602
      -316
      966
      57
      -9,137
      -1,348
      -526
      -456
      -1,915
      -1,421
      -6
      -1,024
      -951
      -2,308
      -975
      -628
      -284
      -199
      -1,311
      -385
      -207
      -630
      -29
      -35
      -97
      176
      -66
      296
      -42
      -185
      1,832
      189
      11
      -612
      -50
      -348
      1,089
      -978
      916
      1,406
      -48
      -129
      581
      1,374
      1,183
      1,554
      18
      919
      105
      414
      375
      956
      47
      170
      -495
      -175
      618
      -1,179
      729
      461
      -193
      1,688
      -262
      -1,119
      -1,361
      765
      -188
      1,844
      -696
      707
      808
      1,169
      -548
      -170
      430
      468
      -31
      2,150
      14
      96
      275
      930
       
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 36,369
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 93,478 1,480,795 0.063127
2013 92,278 1,453,129 0.063503
2012 84,474 1,411,823 0.059833
2011 83,917 1,413,764 0.059357
2010 163,283 1,348,689 0.121068
2
Total of line 1, column (d) .....................
20.366888
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
0.073378
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,198,929
5
Multiply line 4 by line 3......................
5
87,975
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
470
7
Add lines 5 and 6........................
7
88,445
8
Enter qualifying distributions from Part XII, line 4.............
8
93,382
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 1 470
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........................... 3 470
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- ..... 5 470
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,131
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 1,131
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 10 661
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet472 RefundedBullet 11 189
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)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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 NATIONAL ASSOCIATION Telephone no.bullet (218) 723-2946

    Located atbullet130 WEST SUPERIOR STDULUTHMN ZIP+4bullet55802
    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 NATIONAL ASSOCIATION TRUSTEE
    1     		23,574    
    130 W SUPERIOR ST
    DULUTH,MN55802
    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
    1,167,024
    b
    Average of monthly cash balances.......................
    1b
    50,163
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,217,187
    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
    1,217,187
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,258
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,198,929
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    59,946
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    59,946
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    470
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    470
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    59,476
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    59,476
    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
    59,476
    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
    93,382
    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
    93,382
    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
    470
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    92,912
    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 59,476
    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...... 96,765
    b From 2011...... 13,583
    c From 2012...... 14,928
    d From 2013...... 26,328
    e From 2014...... 20,569
    fTotal of lines 3a through e........ 172,173
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 93,382
    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..... 59,476
    e Remaining amount distributed out of corpus 33,906
    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 5 206,079
    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) ...     		96,765
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		109,314
    10 Analysis of line 9:
    a Excess from 2011.... 13,583
    b Excess from 2012.... 14,928
    c Excess from 2013.... 26,328
    d Excess from 2014.... 20,569
    e Excess from 2015.... 33,906
    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
    KIRKCALDY DISTRICT COUNCIL
    SUE RAW
    ROTHESAY HOUSE
      SCOTLANDKY7 5PG
    UK     		NONE PC STUDENT SCHOLARSHIPS 90,000
    Total .................................bullet 3a 90,000
    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 33,731  
    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 36,369  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aFEDERAL REFUND     		    14 1,094  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   71,194  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1371,194
    (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:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    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:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HEWLETT PACK CO    
    DRIEHAUS ACTIVE INCOME FUND 34,117 32,116
    GOLDMAN SACHS COMM STRAT INS 9,856 6,977
    LOOMIS SAYLES STRATEGIC ALPHA 9,524 8,530
    NUVEEN HIGH INCOME BOND FD 14,272 10,611
    NUVEEN SHORT TERM BOND FD 84,247 82,866
    OPPENHEIMER SR FLOAT 56,301 51,115
    NEUBERGER BERMAN LONG SH INS 14,777 14,567

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Name of Stock End of Year Book Value End of Year Fair Market Value
    OTSUKA HOLDINGS LTD ADR 3,943 4,557
    PFIZER INC 17,478 21,498
    INTEL CORP 4,828 8,165
    EXXON MOBIL CORP 12,589 11,615
    APPLE COMPUTER INC 1,999 6,947
    PHILIP MORRIS INTL    
    NEUBERGER BERMAN GENESIS INSTL 42,465 56,033
    ABERDEEN FDS EMRGN MKT INSTL    
    NUVEEN REAL ESTATE SECURIT CL 17,489 23,270
    BLACKROCK EMERGING MKTS 15,146 14,129
    HIGHLAND LONG SHORT EQITY FD 13,780 13,661
    MORGAN DEMPSEY SMALL MICRO VAL    
    TEMPLETON INSTL EMERGING MKT 5,478 1,976
    KONINKLIJKE DSM 2,973 2,397
    MICROSOFT CORP 17,292 22,747
    CONOCOPHILLIPS 11,867 11,719
    ALTRIA GROUP INC. 5,101 8,208
    ANADARKO PETROLEUM CORP. 5,700 3,401
    BANK OF AMERICA CORP 19,158 19,691
    BANKUNITED INC. 3,840 4,291
    BEST BUY CO INC. 4,899 6,212
    C M S ENERGY CORP 6,021 7,505
    CA INC 7,414 7,797
    CAPITAL ONE FINANCIAL CORP. 10,099 11,044
    CENTURYLINK INC.    
    CHEVRON CORPORATION 21,377 19,072
    CINEMARK HLDGS INC.    
    CISCO SYS INC. 17,531 17,026
    CITIGROUP INC. 18,054 18,527
    COMERICA INC.    
    COMMUNITY BK SYS INC.    
    DOVER CORP.    
    DOW CHEM CO 5,444 7,207
    EMERSON ELEC CO    
    FIFTH THIRD BANCORP    
    GENERAL DYNAMICS CORP 5,113 7,967
    GENERAL ELECTRIC CO 15,363 20,029
    HASBRO INC.    
    J P MORGAN CHASE    
    JOHNSON JOHNSON 8,454 10,580
    LIBERTY PPTY TR    
    LINCOLN NATL CORP IND    
    LOWES CO INC    
    M T BANK CORP    
    MERCK AND CO INC    
    MFA FINANCIAL INC.    
    MID-AMER APT CMNTYS INC 2,749 3,632
    MORGAN STANLEY    
    NATIONAL RETAIL PROPERTIES INC    
    OCCIDENTAL PETROLEUM CORP. 14,355 12,575
    OLD REP INTL CORP 4,392 4,788
    P N C FINANCIAL SERVICES GROUP    
    P P G INDS INC. 5,127 6,522
    P P L CORPORATION    
    PINNACLE WEST CAP CORP    
    POLARIS INDS INC. 5,395 4,555
    PRAZAIR INC. 4,553 4,096
    PROCTER & GAMBLE CO    
    PRUDENTIAL FINANCIAL INC.    
    REDWOOD TRUST    
    REGIONS FINI CORP    
    ROCKWELL AUTOMATION INC.    
    SIM CORP    
    SPECTRA ENERGY CORP.    
    STAPLES INC. 6,412 4,924
    STARWOOD PROPERTY TRUST INC. 6,071 6,353
    STRYKER CORP    
    SUNTRUST BKS INC 7,852 9,982
    UNITED HEALTH GROUP 6,578 10,588
    UNITED TECHNOLOGIES CORP    
    UNUM GROUP    
    VERIZON COMMUNICATIONS INC    
    WESTAR ENERGY INC.    
    WHIRLPOOL CORP    
    ACCOR SA ADR 3,355 3,924
    AMERICA MOVIL ADR    
    ASTRAZENECA PLC SPSD ADR 6,152 6,213
    AXA ADR    
    BANCO BILBAO VIZCAYA ARGEN ADR 3,059 2,280
    BARCLAYS PIC ADR 3,706 2,825
    CAPGEMINI SA ADR    
    CARNIVAL CORP 4,174 6,701
    CHECK POINT SOFTWARE TECH LTD    
    COVIDIEN PIC    
    DAIMIER AG    
    DEUTSCHE BOERSE AG UNSPN    
    EATON CORP. PIC 8,061 6,765
    GEA GROUP AG SPON ADR    
    GLAXO SMITHKLINE PLC 5,501 4,681
    HEINEKEN NV SPN ADR    
    HITACHI LTD    
    JULIUS BAER GROUP LTD 3,324 3,880
    KONINKLIJKE PHILIPS 3,791 3,054
    LYONDELLBASELL INDUSTRIES CI A    
    MITSUBISHI ESTATE LTD 3,081 2,615
    NIPPON TELEGRAPH TELE    
    NOVARTIS AG ADR 3,527 4,216
    PORSCHE AUTOMOBIL HLDG SE    
    REPSOL S.A.    
    ROCHE HLDG LTD 4,942 5,446
    SECOM COMPANY LIMITED 3,261 4,058
    SEVEN & I HLDGS UNSPN 3,306 4,067
    SUMITOMO MITSU FINI GROUP 6,431 5,298
    TAIWAN SEMICONDUCTOR ADR    
    TORAY INDUSTRIES INC 3,821 5,033
    UNILEVER N V ADR 5,222 5,805
    VODAFONE GROUP PIC 7,157 5,613
    WPP PIC SPONSORED ADR 3,043 4,131
    BOEING CO    
    CVS HEALTH CORP 6,318 6,648
    CYPRESS SEMICONDUCTOR CORP    
    DELTA AIR LINES INC    
    DEVON ENERGY CORPORATION    
    EOG RES INC    
    HALLIBURTON CO    
    HARTFORD FINANCIAL SVCS GRP IN    
    OMNICOM GROUP INC    
    NAVIENT CORP WD    
    PITNEY BOWES INC 6,607 5,245
    RANGE RESOURCES CORP    
    SIX FLAGS ENTERTAINMENT 3,425 5,439
    SYNOVUS FINANCIAL CORP    
    T ROWE PRICE MID CAP GROWTH FD 49,698 80,145
    T ROWE PRICE MID CAP VALUE FD 48,585 62,902
    TIME WARNER CABLE INC    
    XILINX INC    
    AEGON NV NY REG SHR 3,854 2,404
    AIRBUS GROUP NV REG SHR    
    B G GROUP PLC ADR    
    BAYER AG ADR    
    CAMBIAR INTL EQUITY FUND INS 14,777 14,747
    DENSO CORPORATION ADR 3,875 3,945
    DEUTSCHE PAST AG ADR 3,760 3,334
    ERICSSON LM TEL SP ADR 4,066 3,460
    GOLDCORP INC    
    HOLCIM LTD UNSPON ADR    
    HSBC HOLDINGS PLC SPONS ADR 3,763 2,802
    ICICI BANK LTD ADR    
    KONINKLIJKE ROYAL KPN NV SPADR 3,777 3,853
    SIGNET JEWELERS LTD 4,299 4,948
    SKY PLC SPN ADR 5,895 6,259
    SOCIETE GENERALE SPONS ADR 3,846 3,282
    SONY CORP ADR    
    SUNTORY BEVERAGE FOOD UADR 3,864 4,935
    TEVA PHARMACEUTICAL INDS LTD 6,963 9,058
    UNIBAIL RODAMCO SE UNSP ADR 3,246 3,359
    WILLIAM HILL PLC UNSPON ADR 3,822 3,485
    LS OPPORTUNITY 29,555 27,604
    OUTFRONT MEDIA INC    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINERAL INTEREST AT COST 1 1
    ABBOTT LABORATORIES AT COST 7,895 8,398
    ABBVIE INC AT COST 6,550 6,694
    ADIDAS AG A D R AT COST 2,841 3,735
    AMERIPRISE FINL INC AT COST 9,086 8,301
    AT&T INC AT COST 10,604 10,667
    ATOS ORIGIN SA UNSP ADR AT COST 4,050 4,191
    CHINA MOBILE LIMITED A D R AT COST 3,878 3,549
    CIGNA CORP AT COST 4,713 5,707
    CROWN CASTLE INTL CORP AT COST 7,676 7,867
    D T E ENERGY CO AT COST 6,778 6,736
    DISCOVER FINL SVCS AT COST 6,042 5,737
    EMBRAER SA A D R AT COST 3,802 3,633
    EVERBANK FINANCIAL CORP AT COST 4,554 4,043
    FRONTIER COMMUNICATIONS CORP AT COST 8,360 6,342
    GEMALTO NV SPON A D R AT COST 3,924 3,625
    GENERAL MILLS INC AT COST 6,194 6,285
    GLENMEDE SC EQUITY PORT ADV AT COST 11,302 10,984
    GLOBAL LOGISTIC PPTYS LTD A D AT COST 3,956 2,991
    HARTFORD FINANCIAL SERVICES GR AT COST 11,235 12,777
    HASBRO INC AT COST 3,917 5,995
    INFINEON TECHNOLOGIES A G A D AT COST 3,457 4,908
    INVESCO LTD AT COST 7,552 7,433
    LAM RESEARCH CORP AT COST 12,466 13,104
    LAMAR ADVERTISING CO A AT COST 8,092 9,297
    LIXIL GROUP CORP A D R AT COST 3,836 3,886
    MARKIT LTD AT COST 4,060 4,586
    MATTEL INC AT COST 6,432 6,983
    MCDONALDS CORP AT COST 6,326 6,380
    MEDTRONIC PLC AT COST 13,350 13,538
    MOODYS CORP AT COST 6,238 6,823
    NATIONAL GRID PLC SP A D R AT COST 3,782 3,964
    NEXTERA ENERGY INC AT COST 8,734 8,935
    NISOURCE INC AT COST 5,472 5,892
    PACWEST BANCORP AT COST 5,211 4,784
    PIONEER NAT RES CO AT COST 9,065 9,153
    QUALCOMM INC AT COST 6,437 6,548
    ROYAL DUTCH SHELL PLC A D R AT COST 5,827 4,900
    SCHLUMBERGER LTD AT COST 5,323 4,813
    SEIKO EPSON A D R AT COST 3,960 3,775
    SMITH NEPHEW PLC SPON A D R AT COST 3,904 4,058
    SYNGENTA A G A D R AT COST 5,571 6,771
    TARGET CORP AT COST 4,564 4,647
    TOTAL SA SPON A D R AT COST 3,827 3,461
    VALERO ENERGY CORP AT COST 2,988 3,253
    VIVENDI SA UNSPON ADR AT COST 3,991 3,480

    TY 2015 OtherAssetsSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 712 710 710


    TY 2015 OtherDecreasesSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Description Amount
    COST BASIS ADJUSTMENT 661


    TY 2015 OtherExpensesSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AG FILING FEES 25 0   25
    ADR FEES 246 0   0


    TY 2015 OtherIncomeSchedule2
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL REFUND 1,094 0  


    TY 2015 OtherLiabilitiesSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Description Beginning of Year - Book Value End of Year - Book Value
    ROC ADJ. 516  


    TY 2015 TaxesSchedule
    Name:
    FRANCIS H FITZGERALD TR UA 14272700
    EIN:
    41-6053922
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 840 840   0
    FOREIGN TAXES ON NONQUALIFIED 2 2   0