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
RIVERWAY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8400 NORMANDALE LAKE BLVD NO 920
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55437
A Employer identification number

41-6406915
B Telephone number (see instructions)

(952) 921-3994
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$3,795,827J 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 44 44  
4 Dividends and interest from securities... 79,824 80,145  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,229
b Gross sales price for all assets on line 6a 4,537,702
7 Capital gain net income (from Part IV, line 2)... 20,229
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,551 7,551 0
12 Total. Add lines 1 through 11........ 107,648 107,969 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,810 2,905 0 2,905
c Other professional fees (attach schedule).... Click to see attachment 33,515 33,458 0 57
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,200 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 970 0 0 970
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 115 0 0 115
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 46,610 36,363 0 4,047
25 Contributions, gifts, grants paid....... 190,000 190,000
26 Total expenses and disbursements. Add lines 24 and 25 236,610 36,363 0 194,047
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -128,962
b Net investment income (if negative, enter -0-) 71,606
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............. 46,603 16,003 16,003
2 Savings and temporary cash investments......... 64,761 72,278 72,281
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,884,169 Click to see attachment2,752,536 3,016,831
c Investments—corporate bonds (attach schedule)....... 113,475 Click to see attachment86,178 83,912
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 468,256 Click to see attachment431,310 446,800
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment70,000 Click to see attachment160,000 Click to see attachment160,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,647,264 3,518,305 3,795,827
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,647,264 3,518,305
30 Total net assets or fund balances (see instructions)..... 3,647,264 3,518,305
31 Total liabilities and net assets/fund balances (see instructions). 3,647,264 3,518,305
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
3,647,264
2
Enter amount from Part I, line 27a .....................
2
-128,962
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
198
4
Add lines 1, 2, and 3 ..........................
4
3,518,500
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
195
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,518,305
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES - WASH SALES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 4,529,839   4,518,387 11,452
b       914
c 7,863     7,863
d
e
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       11,452
b       914
c       7,863
d
e
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 20,229
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 170,509 4,100,484 0.041583
2013 177,680 4,080,937 0.043539
2012 179,274 3,570,509 0.050210
2011 182,947 3,626,331 0.050450
2010 131,000 3,150,960 0.041575
2
Total of line 1, column (d) .....................
20.227357
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
0.045471
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,933,863
5
Multiply line 4 by line 3......................
5
178,877
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
716
7
Add lines 5 and 6........................
7
179,593
8
Enter qualifying distributions from Part XII, line 4.............
8
194,047
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 1 716
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........................... 3 716
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- ..... 5 716
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,526
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,526
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,810
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,810 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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 addressbulletN/A
    14
    The books are in care ofbulletSHIRLEY A MOEN Telephone no.bullet (952) 921-3994

    Located atbullet8400 NORMANDALE LAKE BLVD 920BLOOMINGTONMN ZIP+4bullet55437
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HM BASKERVILLE JR TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    TERRY R BECKER TRUSTEE
    4.00     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    LAURA LEE BASKERVILLE BECKER TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,777,078
    b
    Average of monthly cash balances.......................
    1b
    96,692
    c
    Fair market value of all other assets (see instructions)................
    1c
    120,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,993,770
    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
    3,993,770
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    59,907
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,933,863
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    196,693
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    196,693
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    716
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    716
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    195,977
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    195,977
    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
    195,977
    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
    194,047
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    194,047
    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
    716
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    193,331
    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 7 195,977
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 189,903
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 194,047
    a Applied to 2014, but not more than line 2a 189,903
    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..... 4,144
    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 ..........     		191,833
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    HM BASKERVILLE JR
    TERRY R BECKER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    TERRY R BECKER
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    (952) 921-3994
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORMAT/STATEMENT INCLUDING COPY OF IRS DETERMINATION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TRUST IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF I.R.C. 170(C) AND 501(C). THE TRUST WILL FUND GRANTS TO ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER I.R.C. 501(A) BY VIRTUE OF BEING DESCRIBED IN I.R.C. 501(C)(3) OR TO ORGANIZATIONS CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER I.R.C. 170(C)(2), 2055(A) AND 2522(A).
    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
    ALZHEIMERS ASSOCIATION
    7900 W 78TH STREET
    EDINA,MN55439     		NONE PC PROGRAM SUPPORT 2,500
    ANGEL FOUNDATION
    1155 CENTRE POINTE DRIVE
    MENDOTA HEIGHTS,MN55120     		NONE PC PROGRAM SUPPORT 2,500
    BIG BROTHERSBIG SISTERS TWIN CITIES
    2550 UNIVERSITY AVE W
    ST PAUL,MN55114     		NONE PC PROGRAM SUPPORT 3,000
    BOYS & GIRLS CLUB OF TWIN CITIES
    690 JACKSON STREET
    ST PAUL,MN55130     		NONE PC PROGRAM SUPPORT 2,500
    BRIDGE FOR YOUTH
    111 W 22ND ST
    MINNEAPOLIS,MN55405     		NONE PC PROGRAM SUPPORT 2,000
    BRIDGING
    201 W 87 STREET
    BLOOMINGTON,MN55420     		NONE PC PROGRAM SUPPORT 2,500
    CARING BRIDGE WEBSITE
    1715 YANKEE DOODLE RD 301
    EAGAN,MN55121     		NONE PC PROGRAM SUPPORT 2,500
    CHILDREN'S CANCER RESEARCH
    7301 OHMS LANE
    MINNEAPOLIS,MN55439     		NONE PC PROGRAM SUPPORT 5,000
    CHRISTO RAY JESUIT HIGH SCHOOL
    2924 FOURTH AVENUE S
    MINNEAPOLIS,MN55408     		NONE PC PROGRAM SUPPORT 7,500
    DOMESTIC ABUSE PROJECT
    204 W FRANKLIN AVE
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT 2,500
    DUNWOODY INSTITUTE
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		NONE PC PROGRAM SUPPORT 3,000
    EMERGE
    1101 W BROADWAY AVE
    MINNEAPOLIS,MN55411     		NONE PC PROGRAM SUPPORT 2,500
    FRASER
    2400 W 64 STREET
    MINNEAPOLIS,MN55423     		NONE PC PROGRAM SUPPORT 2,500
    GOLFERS AGAINST CANCERINC
    1700 LAKE KINGWOOD TR
    KINGWOOD,TX77339     		NONE PC PROGRAM SUPPORT 3,000
    GOODWILL-EASTER SEALS
    553 FAIRVIEW AVE NO
    ST PAUL,MN55104     		NONE PC PROGRAM SUPPORT 2,500
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55419     		NONE PC PROGRAM SUPPORT 2,500
    GUARDALUPE ALTERNATIVE
    381 E ROBIE STREET
    ST PAUL,MN55107     		NONE PC PROGRAM SUPPORT 2,000
    HIRED
    1200 PLYMOUTH AVE N
    MINNEAPOLIS,MN55411     		NONE PC PROGRAM SUPPORT 2,000
    HOPE ACADEMY
    2300 CHICAGO AVE S
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT 21,800
    KINSHIP MINNEAPOLIS
    1100 E LAKE STREET
    MINNEAPOLIS,MN55407     		NONE PC PROGRAM SUPPORT 2,000
    LIFETRACK
    409 UNIVERSITY AVE W
    ST PAUL,MN55410     		NONE PC PROGRAM SUPPORT 2,000
    LIVING LANDS & WATERS
    17615 ROUTE 843 N
    EAST MOLINE,IL61244     		NONE PC PROGRAM SUPPORT 35,000
    LOPPET FOUNDATION
    1301 THEODORE WIRTH PARKWAY
    MINNEAPOLIS,MN55422     		NONE PC PROGRAM SUPPORT 2,000
    MINNESOTA DARE
    PO BOX 279
    ST BONIFACIUS,MN55375     		NONE PC PROGRAM SUPPORT 1,200
    PAGE EDUCATION FUND
    PO BOX 581254
    MINNEAPOLIS,MN55454     		NONE PC PROGRAM SUPPORT 2,500
    PEOPLE SERVING PEOPLE
    614 S THIRD ST
    MINNEAPOLIS,MN55415     		NONE PC PROGRAM SUPPORT 2,500
    ST STEPHENS HUMAN SERVICES
    2309 NICOLLET AVE S
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT 3,000
    TREE HOUSE
    5666 LINCOLN DR
    EDINA,MN55436     		NONE PC PROGRAM SUPPORT 3,000
    TRUE FRIENDS CAMPS (FKA COURAGE CENTER CAMPS)
    10509 108TH ST NW
    ANNANDALE,MN55302     		NONE PC PROGRAM SUPPORT 2,500
    URBAN HOMEWORKS
    2015 EMERSON AVENUE N
    MINNEAPOLIS,MN55411     		NONE PC PROGRAM SUPPORT 50,000
    URBAN VENTURES
    3041 FOURTH AVE S
    MINNEAPOLIS,MN55408     		NONE PC PROGRAM SUPPORT 5,000
    YMCA OF METRO MPLS- SOUTHDALE
    30 S NINTH ST
    MINNEAPOLIS,MN55402     		NONE PC PROGRAM SUPPORT 5,000
    Total .................................bullet 3a 190,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    18 44  
    4 Dividends and interest from securities....     14 79,824  
    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.....     14 7,551  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 20,229  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 107,648 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13107,648
    (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:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,810 2,905 0 2,905

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SPDR DJ WILSHIRE INTL REAL ESTATE ETF 86,178 83,912

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC G1151C101 8,555 13,584
    AETNA INC 20,270 21,731
    ALEXION PHARMACEUTICALS INC 2,238 4,768
    ALPHABET INC 50,598 65,263
    ALTRIA GROUP INC 28,845 34,343
    AMERICAN INTL GROUP INC 14,024 14,810
    APPLE INC 18,496 31,578
    AT&T INC 12,445 13,145
    AUTOZONE INC 5,136 5,193
    BERKSHIRE HATHAWAY INC DEL 23,963 24,163
    BIOGEN IDEC INC 8,708 8,271
    BLACKROCK INC 12,193 18,048
    BOEING CO 13,644 14,604
    CARDINAL HEALTH INC 18,629 22,139
    CARNIVAL CORP 3,466 3,868
    CELGENE CORP 1,346 5,030
    CHEVRON CORP 5,876 5,847
    CHURCH & DWIGHT INC 20,728 20,880
    CISCO SYS INC 10,725 10,156
    CITIGROUP INC 12,215 11,437
    COMCAST CORP 31,869 38,316
    CONSTELLATION BRANDS INC 19,705 23,645
    CVS HEALTH CORP 14,284 29,527
    DELPHI AUTOMOTIVE PLC 4,649 4,972
    DISNEY WALT CO 21,667 29,843
    DOW CHEM CO 7,497 8,752
    EASTMAN CHEM CO 8,693 7,831
    ECOLAB INC 6,272 8,235
    EQUIFAX INC 28,475 32,966
    EXXON MOBIL CORP 22,491 20,735
    FACEBOOK INC 16,807 28,572
    FEDEX CORP 4,739 7,598
    FISERV INC 5,561 7,134
    GENERAL DYNAMICS CORP 12,390 11,264
    GENERAL ELEC CO 16,296 17,351
    GENERAL MTRS CO 7,700 7,006
    GILEAD SCIENCES INC 22,774 21,048
    HALLIBURTON CO 7,484 5,004
    HANESBRANDS INC 3,383 3,090
    HARRIS CORP DEL 6,085 6,431
    HOME DEPOT INC 23,360 37,559
    HONEYWELL INTL INC 10,401 13,361
    INTEL CORP 10,102 10,611
    J P MORGAN CHASE & CO 31,168 31,694
    JOHNSON & JOHNSON 6,013 6,266
    LILLY ELI & CO 6,141 6,151
    LOWES COS INC 6,455 8,440
    MARATHON PETE CORP 13,056 15,293
    MASTERCARD INC 43,601 47,317
    MCKESSON CORP 20,226 21,695
    MERCK & CO INC 7,300 7,765
    MICROSOFT CORP 25,810 32,900
    NEXTERA ENERGY INC 18,659 19,116
    NIKE INC 6,155 7,000
    PALO ALTO NETWORKS INC 2,737 4,756
    PFIZER INC 8,228 7,779
    PG&E CORP 24,626 26,010
    PNC FINL SVCS GROUP INC 12,815 13,820
    PRICELINE GROUP INC 15,720 16,574
    REYNOLDS AMERN INC 2,802 3,692
    ROYAL CARIBBEAN CRUISES LTD 3,409 3,947
    STANLEY BLACK & DECKER IN 12,528 12,808
    STARBUCKS CORP 3,413 5,223
    TESORO CORP 6,363 7,060
    TEXTRON INC 6,481 6,091
    THERMO FISHER SCIENTIFIC CORP 5,463 8,937
    TIME WARNER INC NEW COM 7,664 5,626
    TJX COS INC NEW 3,429 3,475
    UNITEDHEALTH GROUP INC 39,566 42,350
    US BANCORP DEL 33,856 34,776
    VALERO ENERGY CORP NEW 3,981 6,152
    VERIZON COMMUNICATIONS INC 16,102 15,391
    VISA INC 12,730 14,579
    WALGREENS BOOTS ALLIANCE INC 10,776 10,559
    WELLS FARGO & CO NEW COM 14,299 23,701
    XCEL ENERGY INC 12,204 13,969
    ALLY FINL INC 15,847 14,763
    AMERICAN FINL GROUP INC OHIO 38,110 45,266
    AMTRUST FINL SVCS INC 2,972 3,079
    AXIS CAP HLDGS LTD 7,547 9,051
    CARTER HLDGS INC 6,365 6,054
    CENTENE CORP 5,921 6,384
    DIPLOMAT PHARMACY INC 4,337 5,201
    DYCOM INDS INC 5,060 4,617
    GOODYEAR TIRE & RUBR CO 9,896 11,206
    HEARTLAND PMT SYS INC 4,702 8,249
    HOLLYFRONTIER CORP 2,937 2,354
    KAPSTONE PAPER & PACKAGING CORP 8,552 9,985
    LEAR CORP 13,186 21,127
    MANPOWERGROUP INC 5,402 6,069
    MEDNAX INC 4,277 4,300
    OWENS CORNING INC 3,005 3,574
    TOWERS WATSON & CO 11,458 14,131
    UNITED RENTALS INC 11,541 11,171
    VCA INC 6,581 6,655
    VOYA FINL INC 2,877 2,731
    WABCO HLDGS INC 5,056 5,011
    AIRCASTLE LTD 12,950 12,555
    BANC CALIF INC 20,515 22,383
    KORN FERRY INTL 3,091 2,953
    LIONBRIDGE TECHNOLOGIES INC 10,983 9,206
    OMEGA PROTEIN CORP 4,650 5,617
    PAR PACIFIC HOLDINGS INC 4,440 4,567
    PAREXEL INTL CORP 3,342 3,270
    PRA GROUP INC 7,740 4,267
    PREFERRED BK LOS ANGELES CALIF 6,642 7,066
    TEEKAY TANKERS LTD 4,526 4,052
    WNS HLDGS LTD 7,520 9,544
    ACTELION LTD 9,066 20,640
    AIA GROUP LTD 5,983 6,061
    AIN HLDGS INC 7,929 7,666
    AIR NEW ZEALAND LTD 15,240 16,530
    ALIMENTATION COUCHE TARD INC 13,882 15,873
    ALLIANZ SE 13,424 13,502
    ALPS ELECTRIC CO LTD 5,636 5,208
    ALTRI SGPS SA 12,355 12,441
    ANHEUSER-BUSCH INBEV NV 14,750 14,167
    ANTA SPORTS PRODUCTS LTD 5,543 7,412
    ASSA ABLOY AB 21,588 25,336
    AUTOGRILL SPA 14,974 15,253
    AVAGO TECHNOLOGIES LTD 6,380 8,419
    AVIVA PLC 21,832 20,552
    AZIMUT HOLDING SPA 11,536 11,473
    BANK OF NOVA SCOTIA 6,182 4,231
    BARRETT DEVELOPMENTS PLC 15,811 14,483
    BELLWAY PLC 15,999 18,135
    BG GROUP 5,993 4,384
    BNP PARIBAS SA 22,697 21,560
    BP P L C 19,866 16,380
    CAPGEMINI SA 15,537 15,436
    CCL INDUSTRIES INC 22,957 26,005
    CK HUTCHINSON HLDGS LTD 3,125 2,836
    COMFORTDELGRO CORP LTD 9,505 8,802
    CORE LABORATORIES N V 22,689 21,313
    CSPC PHARMACEUTICAL GROUP LT 4,683 4,742
    CYBERAGENT INC 4,520 5,018
    DAI-ICHI LIFE INSURANCE CO 15,776 16,934
    DCC PLC 5,987 8,752
    DELHAIZE GROUP 12,379 13,851
    EMERA INC 13,975 13,569
    ENERGIA DE PORTUGAL SA 14,795 20,138
    FOSTER ELECTRIC CO LTD 38,846 36,004
    FRESENIUS SE & CO KGAA 8,924 11,538
    GEMALTO NV 2,966 2,822
    GLANBIA PLC 2,965 2,872
    GMO INTERNET INC 4,621 5,327
    GRIFOLS SA 3,074 3,519
    GROUPE CGI INC 28,867 27,621
    HEIDELBERGCEMENT AG 6,197 6,982
    HUDSONS BAY CO NEW 3,000 2,411
    ICON PLC 5,418 8,858
    INTESA SANPAOLO SPA 17,905 17,578
    JAPAN AIRLINES CO LTD 15,770 20,459
    JAPAN TOBACCO INC 10,551 10,741
    JULIUS BAER GROUP LTD 11,689 12,250
    K'S HLDGS CORP 14,158 13,767
    KDDI CORP 12,418 20,398
    KONINKLIJKE AHOLD NV 6,670 5,938
    LUXOTTICA GROUP S P A 4,336 5,315
    MACQUARIE GROUP LTD 16,491 16,560
    MEDIOLANUM SPA 16,439 18,192
    MEDTRONIC PLC 15,347 15,307
    MEIJI HLDGS CO LTD 10,513 10,861
    MERCK KGAA 14,074 14,595
    MUENCHENER RUECKVER AG 22,545 21,852
    MURATA MFG CO 13,275 19,864
    MYLAN INC 12,223 13,031
    NISSAN MOTOR CO 7,582 9,083
    NITTO DENKO CORP 13,399 14,224
    NOKIA CORP 8,676 8,866
    NOVO NORDISK A/S-B 9,491 9,780
    NXP SEMICONDUCTORS NV 6,750 7,751
    ORIENTAL LAND CO 6,028 6,343
    PARAGON GROUP COMPANIES PLC 25,195 19,210
    PENTA-OCEAN CONSTRUCTION CO LTD 3,153 3,165
    QBE INS GROUP 2,983 2,968
    RECKITT BENCKISER GROUP PLC 18,739 30,360
    RED ELECTRICA DE ESPANA 4,187 4,272
    REDROW PLC 8,297 8,770
    REPLY SPA 15,144 20,104
    ROYAL DUTCH SHELL PLC 20,058 16,027
    RPC GROUP PLC 12,363 14,307
    RYANAIR HLDGS PLC 7,659 10,116
    SANOFI 4,173 3,796
    SANTEN PHARMACEUTICAL CO LTD 11,300 13,791
    SENKO CO LTD 7,712 8,024
    SEPTENI HLDGS CO LTD 4,914 6,374
    SHENZHOU INTL GROUP 3,458 3,777
    SHIRE LTD 13,301 10,384
    SIEMENS AG 15,726 16,989
    SOMPO JAPAN NIPPONKOA HLDGS INC 17,253 17,505
    STROEER SE 14,016 14,403
    TAISEI CORP 7,270 10,774
    TAKEUCHI MFG CO LTD 3,202 3,895
    TAYLOR WIMPEY PLC 6,109 6,092
    TECNICAS REUNIDAS SA 13,353 9,881
    TELENOR ASA 14,173 13,655
    TOTAL SA 3,923 3,990
    UBS GROUP AG 11,797 11,796
    VEOLIA ENVIRONNEMENT 18,254 18,360
    VESTAS WIND SYSTEM 17,307 20,634
    WESFARMERS LTD 3,324 3,572
    WILMAR INTL LTD 12,858 10,679
    YAMADA DENKI CO LTD 15,663 14,986
    ALIBABA GROUP HLDG LTD 4,707 4,470
    BANK OF CHINA LTD - H 7,209 7,342
    BDO UNIBANK INC 5,981 5,420
    BRAAS MONIER BUILDING GROUP 4,145 4,558
    BYD CO LDT 16,915 15,012
    CHINA COMMUNICATIONS CONST CO 6,145 5,968
    GROUPO FINANCIERO BANORTE 13,762 13,255
    GRUPO BIMBO SAB DE CV 1,602 1,434
    INDUSTRIAL & COMMERCIAL BK OF 4,425 4,298
    KOREA ELECTRIC PWR 15,193 15,666
    MONDI LTD 9,469 10,510
    NICE SYS LTD 13,641 13,585
    PING AN INSURANCE GROUP CO H 5,622 8,245
    TAIWAN SEMICONDUCTOR MFG LTD 17,159 16,562
    TELEKOMUNIKASI INDONESIA PERSERO 14,072 14,053
    TENCENT HOLDINGS LTD 19,982 27,784
    TEVA PHARMACEUTICAL INDS LTD 11,493 11,815
    UNIVERSAL ROBINA CORP 3,948 10,811
    VIPSHOP HLDGS LTD 19,772 16,873
    AQR DIVERSIFIED ARBITRAGE FUND CL I 126,040 111,624

    TY 2015 InvestmentsOtherSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRUDENTIAL SHORT-TERM COP BD FUND INC CL Z AT COST 0 0
    ROBECO BOSTON PARTNERS LONG/SHORT RES FUND AT COST 195,257 194,327
    ISHARES COHEN & STEERS REIT ETF AT COST 146,718 187,067
    CREDIT SUISSE COMMODITY-RETURN STRATEGY FUND CL I AT COST 89,335 65,406

    TY 2015 OtherAssetsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    URBAN HOMEWORKS LLC - LOAN 70,000 60,000 60,000
    URBAN HOMEWORKS LLC - LOAN   100,000 100,000


    TY 2015 OtherDecreasesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Amount
    BASIS ADJUSTMENT BY BROKER 195


    TY 2015 OtherExpensesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL 25 0 0 25
    BUSINESS CHECK EXPENSE 90 0 0 90


    TY 2015 OtherIncomeSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    URBAN HOMEWORKS - INTEREST PYMT ON NOTE 7,551 7,551  


    TY 2015 OtherIncreasesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Amount
    LIMITED PARTNERSHIPS CASH DISTRIBUTIONS 198


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY & ADR FEES 33,458 33,458 0 0
    CHECKING ACCOUNT FEES 57 0 0 57


    TY 2015 TaxesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES PAID - PRIOR YEAR 6,200 0 0 0