TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 05-01-2015 , and ending 04-30-2016

Name of foundation
Larson Foundation

Number and street (or P.O. box number if mail is not delivered to street address)2333 Eastbrook Drive
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Brookings, SD57006

A Employer identification number

46-0412311

B Telephone number (see instructions)

(606) 692-6115

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$18,511,336J Accounting method: Cash Accrual
Other (specify)Market Value
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,598,463
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	23		23
4	Dividends and interest from securities...	508,914		508,914
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		647,313
b	Gross sales price for all assets on line 6a 2,300,563
7	Capital gain net income (from Part IV, line 2)...			647,313
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).......		-977,124
12	Total. Add lines 1 through 11........	1,777,589		1,156,250
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		40,020	40,020
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		52,940	51,986
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	92,960		92,006	0
25	Contributions, gifts, grants paid.......	1,630,278			1,630,278
26	Total expenses and disbursements. Add lines 24 and 25	1,723,238		92,006	1,630,278
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	54,351
b	Net investment income (if negative, enter -0-)			1,064,244
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	132,367	59,601	59,601
	2	Savings and temporary cash investments.........	674,672	488,633	588,633
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	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).......	11,690,351	11,881,231	11,881,231
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,959,595	5,981,871	5,981,871
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	18,456,985	18,411,336	18,511,336
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	18,456,985	18,511,336
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	18,456,985	18,511,336
	31	Total liabilities and net assets/fund balances (see instructions).	18,456,985	18,511,336

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

18,456,985

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

54,351

Other increases not included in line 2 (itemize) bullet

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

18,511,336

Decreases not included in line 2 (itemize) bullet

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

18,511,336

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	ADT Corp	P	2011-06-11	2015-06-15
b	Allied Word Assurance	P	2011-06-11	2015-06-15
c	Amazon Inc	P	2011-06-11	2015-06-15
d	Apple Inc	P	2011-06-11	2015-06-15
e	ATT	P	2011-09-11	2015-06-15
	Axis Capital Holdings	P	2011-06-11	2015-06-15
	Blackrock Inc	P	2011-06-11	2015-06-15
	Boeing	P	2011-06-11	2015-06-15
	BOK Financial	P	2011-06-11	2015-06-15
	Cablevision	P	2011-06-11	2015-06-15
	Cameron International	P	2011-06-11	2015-06-15
	Chevron Corp	P	2011-06-11	2015-06-15
	Chubb Corp	P	2011-06-11	2015-06-15
	Citrix Systems	P	2011-06-11	2015-06-15
	CME Group	P	2011-06-11	2015-06-15
	Coca Cola	P	2011-06-11	2015-06-15
	Discover Financial	P	2011-06-11	2015-06-15
	Ebay Inc	P	2011-06-11	2015-06-15
	EMC Corp	P	2011-06-11	2015-06-15
	FMC Technologies	P	2011-06-11	2015-06-15
	General Electric	P	2011-06-11	2015-06-15
	GlaxoSmithkline	P	2011-06-11	2015-06-15
	Goldman Sacs	P	2011-06-11	2015-06-15
	Home Depot	P	2011-06-11	2015-06-15
	Honeywell Inc	P	2011-06-11	2015-06-15
	JP Morgan Chase	P	2011-06-11	2015-06-15
	Marathon Oil	P	2011-06-11	2015-06-15
	Nasdaq OMX	P	2011-06-11	2015-06-15
	Newfield Exploration	P	2011-06-11	2015-06-15
	Nike	P	2011-06-11	2015-06-15
	Pall Corp	P	2011-06-11	2015-06-15
	Paypal Holdings	P	2014-06-08	2015-06-15
	Peabody Energy	P	2011-06-11	2015-06-15
	Pier 1 Imports	P	2011-06-11	2015-06-15
	Plantronics	P	2011-06-11	2015-06-15
	Precision Cast Parts	P	2013-06-11	2015-06-15
	Red Hat Inc	P	2011-06-11	2015-06-15
	Royal Dutch Petroleum	P	2011-06-11	2015-06-15
	Schlumberger	P	2011-06-11	2015-06-15
	Sothebys	P	2011-06-11	2015-06-15
	State Street Corp	P	2011-06-11	2015-06-15
	Target	P	2011-06-11	2015-06-15
	Texas Instruments	P	2011-06-11	2015-06-15
	Towers Watson	P	2011-06-11	2015-06-15
	VISA Inc	P	2011-06-11	2015-06-15
	Vodaphone	P	2011-06-11	2015-06-15
	Walt Disney	P	2011-06-11	2015-06-15
	Xilinx	P	2011-06-11	2015-06-15

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	21,995		21,995
b	8,130	3,357	4,773
c	92,728	17,209	75,519
d	91,827	49,155	42,672
e	52,941	42,046	10,895
	27,287	18,088	9,199
	40,196	23,615	16,581
	52,391	35,419	16,972
	7,503	6,046	1,457
	67,780	30,305	37,475
	68,086	80,731	-12,645
	86,768	123,027	-36,259
	89,578	38,385	51,193
	63,166	53,372	9,794
	61,938	40,689	21,249
	15,111	10,296	4,815
	19,455	18,227	1,228
	41,173	46,584	-5,411
	64,216	59,020	5,196
	38,782	65,133	-26,351
	18,796	17,455	1,341
	28,890	31,863	-2,973
	86,110	66,653	19,457
	135,887	40,942	94,945
	19,799	8,164	11,635
	66,073	48,507	17,566
	21,876	39,244	-17,368
	24,187	13,014	11,173
	19,888	16,185	3,703
	59,269	20,958	38,311
	64,954	12,413	52,541
	48,136	24,366	23,770
	5,039	34,889	-29,850
	17,509	26,881	-9,372
	11,743	7,138	4,605
	85,065	84,048	1,017
	19,213	11,889	7,324
	38,856	45,447	-6,591
	13,134	10,484	2,650
	4,235	5,115	-880
	95,179	85,532	9,647
	48,224	35,457	12,767
	25,093	13,232	11,861
	83,041	69,426	13,615
	36,144	8,690	27,454
	96,074	75,375	20,699
	100,741	27,015	73,726
	16,357	12,164	4,193

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			21,995
b			4,773
c			75,519
d			42,672
e			10,895
			9,199
			16,581
			16,972
			1,457
			37,475
			-12,645
			-36,259
			51,193
			9,794
			21,249
			4,815
			1,228
			-5,411
			5,196
			-26,351
			1,341
			-2,973
			19,457
			94,945
			11,635
			17,566
			-17,368
			11,173
			3,703
			38,311
			52,541
			23,770
			-29,850
			-9,372
			4,605
			1,017
			7,324
			-6,591
			2,650
			-880
			9,647
			12,767
			11,861
			13,615
			27,454
			20,699
			73,726
			4,193

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	647,313
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	1,273,651	16,021,025	000.079499
2013	1,291,782	14,651,875	000.088165
2012	1,153,068	10,974,870	000.105064
2011	797,525	11,391,525	000.070010
2010	1,234,699	10,874,400	000.113542

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

2000.456280

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 . . .

000.091256

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

18,163,400

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

1,657,519

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

10,642

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

1,668,161

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

1,630,278

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	21,285
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	21,285
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	21,285
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	20,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	20,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,285
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation . Click to see attachment

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

Walter Syltie II Telephone no. bullet

(605) 696-6480

Located at bullet

2333 Eastbrook DriveBrookingsSD ZIP+4 bullet

570062838

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Maree Larson	Vice President 020.00	0
2333 Eastbrook Drive Brookings,SD57006	Vice President 020.00	0
O Dale Larson	President 010.00	0
2333 Eastbrook Drive Brookings,SD57006	President 010.00	0
Carmelle Jackson	Secretary 001.00	0
2333 Eastbrook Drive Brookings,SD57006	Secretary 001.00	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	NONE	0
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

18,040,000

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

400,000

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

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

18,440,000

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

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

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

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

18,440,000

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

instructions) Click to see attachment

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

276,600

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

18,163,400

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

908,170

Part XI

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

and do not complete this part.)

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

908,170

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

21,285

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

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

21,285

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

886,885

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

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

886,885

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

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

886,885

Part XII

Qualifying Distributions (see instructions)

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

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

..........

1,630,278

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,630,278

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

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

1,630,278

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			886,885
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......	694,993
b From 2011......	236,723
c From 2012......	611,450
d From 2013......	584,991
e From 2014......	492,178
fTotal of lines 3a through e........		2,620,335
4Qualifying distributions for 2015 from Part
XII, line 4: $ 1,630,278
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....			886,885
e Remaining amount distributed out of corpus		743,393
5 Excess distributions carryover applied to 2015.
(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		3,363,728
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		694,993
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		2,668,735
10 Analysis of line 9:
a Excess from 2011....	236,723
b Excess from 2012....	611,450
c Excess from 2013....	584,991
d Excess from 2014....	492,178
e Excess from 2015....	743,393

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

O Dale Larson

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

None

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

Check here bullet

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

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

Maree Larson
2333 Eastbrook Drive
Brookings,SD57006
(605) 692-6115

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

ask for a Grant Request Form

cAny submission deadlines:

March 1 and September 1 subject to change

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

Qualified charitiable or gov orgs. Primarily SD. Primarily fundamental human needs.

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Employee Match Program Various Brookings,SD57006	None		Match Employee Donations	6,446
Abbot House 909 Court Merrill Street Mitchell,SD57301	None		Fundraising match	25,000
Accelerate 1908 W 42nd Street STE B Sioux Falls,SD57105	None		Program Expenses	10,000
BATA 418 Western Ave Brookings,SD57006	None		Vehicle replacement	20,000
Black Hills Special Svcs 221 South Central Ave Pierre,SD57501	None		Youth Leadership	5,000
Boys & Girls Club Brookings 1126 Southland Lane Brookings,SD57006	None		Program Expenses	90,000
Boys & Girls Club Corporate 1126 Southland Lane Brookings,SD57006	None		Capital Project	70,000
Boys& Girls Club Yankton 1804 Broadway Street Yankton,SD57078	None		Program Expenses	20,000
Boys & Girls Club Aberdeen 1111 First Ave SE Aberdeen,SD57401	None		Capital Project	100,000
Boys & Girls Club Rosebud PO Box 112 Mission,SD57555	None		Program Expenses	20,000
Brookings Domestic Abuse Shelter PO Box 36 Brookings,SD57006	None		Program Expenses	25,000
Brookings Area Habitat Humanit PO Box 412 Brookings,SD57006	None		Build Home	75,000
Brookings School District 2130 8th Street South Brookings,SD57006	None		Scholarships	4,500
Brookings Health Foundation 300 22nd Ave Brookings,SD57006	None		Capital Project	250,000
Cornerstone Rescue Mission 30 Main Street Rapid City,SD57701	None		Building Renovations	30,000
East Central CASA 1215 Trail Ridge Rd STE B Brookings,SD57006	None		Program Expenses	30,000
Family Visitation Center 311 East 14th Street Sioux Falls,SD57104	None		Program Expenses	25,000
Habitat for Humanity SD PO Box 8116 Brookings,SD57006	None		Brush with Kindness	64,500
Harmony SD 2522 West 41st Street 125 Sioux Falls,SD57401	None		Program Expenses	5,000
Harvest Table 625 5th Street Brookings,SD57006	None		Food	20,045
Lake Mills School 102 S 4th Ave East Lake Mills,IA50450	None		Scholarships	1,000
Native Am Community Board 809 High Street Lake Andes,SD57356	None		Food/Backpack Program	14,000
Red Cloud Indian School 100 Mission Drive Pine Ridge,SD57770	None		Healthy Meals	87,451
SD Network Against Family Violence PO Box 90453 Sioux Falls,SD57109	None		Victim Assistance	45,000
Sioux Falls Jazz & Blues 301 South Main Ave Sioux Falls,SD57104	None		Jazz Diversity	15,000
SDSU Foundation 815 Medary Ave Brookings,SD57007	None		Autism Conference	10,000
Teach for America - SD PO Box 368 Mission,SD57555	None		Program Expenses	100,000
The Wholeness Center PO Box 148 Flandreau,SD57028	None		Program Expenses	10,000
St Francis House 1301 E Austin St Sioux Falls,SD57103	None		Transitional housing repairs	8,500
WAVI 527 Quincy Street Rapid City,SD57701	None		Project SAFE	25,000
Western Resources dis-Abled 405 E Omaha St Suite A Rapid City,SD57701	None		Program Expenses	25,000
Brookings Area United Way PO Box 750 Brookings,SD57006	None		United Way Match	116,154
United Way of N Central Iowa - Corporate Match 2014 600 First Street NW STE 102 Mason City,IA50401	None		United Way Match	24,682
DakotaAvilities 3600 South Duluth Sioux Falls,SD57105	None		Capital Project	100,000
Helpline Center 1000 N West Ave STE 310 Sioux Falls,SD57104	None		Youth Suicide Prevention	10,000
Kilian College 300 East 6th Street Sioux Falls,SD57105	None		Scholarships	10,000
Lifescape 2501 West 26th St Sioux Falls,SD57101	None		Appliance low income housing	13,000
Multi Cultral Center 515 North Main Ave Sioux Falls,SD57104	None		Program Expenses	50,000
NAMI SD PO Box 88808 Sioux Falls,SD57409	None		Program Expenses	20,000
SD Humanities Council 1215 Trail Ridge Rd STE A Brookings,SD57006	None		Endowment	50,000
Total ................................. 3a				1,630,278

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	23
4 Dividends and interest from securities....			14	508,914
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	647,313
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aUnrealized Loss			18	-977,124
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				179,126

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

13179,126

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:	15000290
Software Version:	15.3.0.0
Part VI Line 7 - Tax Paid with the Original Return:	20,000

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

Larson Foundation

Employer identification number

46-0412311

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization Larson Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	O Dale Larson 2333 Eastbrook Drive Brookings, SD57006	$ 1,598,463	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization Larson Foundation		Employer identification number 46-0412311

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization Larson Foundation			Employer identification number 46-0412311
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:	15000290
Software Version:	15.3.0.0

- TIN:

TY 2015 ExplnOfNonFilingWithAGStmt

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Statement:

Not required in South Dakota

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2015 GainLossSaleOtherAssetsSch

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
ADT Corp	2011-06	P	2015-06	21,995		21,995
Allied Word Assurance	2011-06	P	2015-06	8,130	3,357	4,773
Amazon Inc	2011-06	P	2015-06	92,728	17,209	75,519
Apple Inc	2011-06	P	2015-06	91,827	49,155	42,672
ATT	2011-09	P	2015-06	52,941	42,046	10,895
Axis Capital Holdings	2011-06	P	2015-06	27,287	18,088	9,199
Blackrock Inc	2011-06	P	2015-06	40,196	23,615	16,581
Boeing	2011-06	P	2015-06	52,391	35,419	16,972
BOK Financial	2011-06	P	2015-06	7,503	6,046	1,457
Cablevision	2011-06	P	2015-06	67,780	30,305	37,475
Cameron International	2011-06	P	2015-06	68,086	80,731	-12,645
Chevron Corp	2011-06	P	2015-06	86,768	123,027	-36,259
Chubb Corp	2011-06	P	2015-06	89,578	38,385	51,193
Citrix Systems	2011-06	P	2015-06	63,166	53,372	9,794
CME Group	2011-06	P	2015-06	61,938	40,689	21,249
Coca Cola	2011-06	P	2015-06	15,111	10,296	4,815
Discover Financial	2011-06	P	2015-06	19,455	18,227	1,228
Ebay Inc	2011-06	P	2015-06	41,173	46,584	-5,411
EMC Corp	2011-06	P	2015-06	64,216	59,020	5,196
FMC Technologies	2011-06	P	2015-06	38,782	65,133	-26,351
General Electric	2011-06	P	2015-06	18,796	17,455	1,341
GlaxoSmithkline	2011-06	P	2015-06	28,890	31,863	-2,973
Goldman Sacs	2011-06	P	2015-06	86,110	66,653	19,457
Home Depot	2011-06	P	2015-06	135,887	40,942	94,945
Honeywell Inc	2011-06	P	2015-06	19,799	8,164	11,635
JP Morgan Chase	2011-06	P	2015-06	66,073	48,507	17,566
Marathon Oil	2011-06	P	2015-06	21,876	39,244	-17,368
Nasdaq OMX	2011-06	P	2015-06	24,187	13,014	11,173
Newfield Exploration	2011-06	P	2015-06	19,888	16,185	3,703
Nike	2011-06	P	2015-06	59,269	20,958	38,311
Pall Corp	2011-06	P	2015-06	64,954	12,413	52,541
Paypal Holdings	2014-06	P	2015-06	48,136	24,366	23,770
Peabody Energy	2011-06	P	2015-06	5,039	34,889	-29,850
Pier 1 Imports	2011-06	P	2015-06	17,509	26,881	-9,372
Plantronics	2011-06	P	2015-06	11,743	7,138	4,605
Precision Cast Parts	2013-06	P	2015-06	85,065	84,048	1,017
Red Hat Inc	2011-06	P	2015-06	19,213	11,889	7,324
Royal Dutch Petroleum	2011-06	P	2015-06	38,856	45,447	-6,591
Schlumberger	2011-06	P	2015-06	13,134	10,484	2,650
Sothebys	2011-06	P	2015-06	4,235	5,115	-880
State Street Corp	2011-06	P	2015-06	95,179	85,532	9,647
Target	2011-06	P	2015-06	48,224	35,457	12,767
Texas Instruments	2011-06	P	2015-06	25,093	13,232	11,861
Towers Watson	2011-06	P	2015-06	83,041	69,426	13,615
VISA Inc	2011-06	P	2015-06	36,144	8,690	27,454
Vodaphone	2011-06	P	2015-06	96,074	75,375	20,699
Walt Disney	2011-06	P	2015-06	100,741	27,015	73,726
Xilinx	2011-06	P	2015-06	16,357	12,164	4,193

- TIN:

TY 2015 GeneralExplanationAttachment

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Identifier	Return Reference	Explanation

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
JP Morgan Chase Co	95,748	95,748
AMC Networks Inc	12,981	12,981
Akamai Technologies	101,980	101,980
Alaska Air Group	22,256	22,256
Allied World Assurance	74,184	74,184
Amazon Corn Inc	184,685	184,685
Adobe Systems	80,558	80,558
Anadarko Petroleum	105,256	105,256
Anheuser Busch lnbev	91,272	91,272
Apache Corp	59,296	59,296
Apple Inc	79,679	79,679
Applied Materials Inc	125,154	125,154
Autodesk Inc.	74,775	74,775
Axis Capital Holdings	67,919	67,919
Biogen IDEC Inc	182,868	182,868
Blackrock lnvestment	176,383	176,383
Boeing	75,488	75,488
Broadcom Corp Class A	75,790	75,790
CVS Caremark	151,755	151,755
Carnival Corp	68,670	68,670
Aetna Life and Cashualty	73,537	73,537
Celgene Corp	131,331	131,331
Citrix Systems Inc	81,840	81,840
Coca-Cola	91,392	91,392
Comcast Corp Class A	244,863	244,863
Allergan	113,044	113,044
Cree Reasearch Inc.	22,794	22,794
Calpine Corp	66,907	66,907
Devon Energy Corp	74,215	74,215
Dolby Laboratories Inc	52,371	52,371
Cisco Systems	90,717	90,717
Eaton Corp	70,862	70,862
Ebay Inc.	95,888	95,888
Emcor Group	11,538	11,538
EI DuPont	44,819	44,819
Ericsson American Dep	29,084	29,084
Facebook	118,168	118,168
First Republic Bank	44,372	44,372
Fluor Corp	36,076	36,076
Fortinet	13,329	13,329
Franklin Resources Inc	35,996	35,996
Freeport McMoran	42,630	42,630
General Electric	72,570	72,570
Alphabet Class A	97,687	97,687
Alphabet Class C	116,426	116,426
Gentex Corp	48,762	48,762
Halliburton Co.	101,829	101,829
Hess Corp	41,734	41,734
Home Depot	140,584	140,584
Honeywell Inc.	73,704	73,704
Immunogen	6,781	6,781
Ionis Pharmaceuticals	26,016	26,016
Johnson Johnson	217,435	217,435
Jones Lang LaSalle	36,854	36,854
KLA-Tencor Corp	46,160	46,160
Keycorp	54,568	54,568
Linkedin	46,991	46,991
Level 3 Communications	65,765	65,765
Liberty Companies	54,597	54,597
Lowes Corp	1,140,300	1,140,300
Medtronics	31,264	31,264
Merck Co	139,019	139,019
Monsanto Co	74,944	74,944
Microsoft	262,815	262,815
Nasdaq OMX Group	57,390	57,390
National Oilwell Varco	14,524	14,524
Now Inc	9,933	9,933
Nuance Communications	17,781	17,781
Nucor Corp	96,822	96,822
Meta Financial	570,630	570,630
Pebblebrook Hotel Trust	37,452	37,452
Occidental Petroleum	99,262	99,262
Pentair	16,379	16,379
Red Hat	81,808	81,808
Regeneron Pharm	49,726	49,726
Rockwell Collins	71,434	71,434
Regions Financial	103,883	103,883
Realogy Holdings	51,823	51,823
Sandisk Corp	64,612	64,612
Schlumberger	146,701	146,701
Seagate Technology	35,594	35,594
Stanley Black and Decker	72,748	72,748
Symantec Corp	24,618	24,618
TE Connectivity LTD	62,751	62,751
Texas Instruments	129,481	129,481
Thermo Fisher Scientific	93,041	93,041
21st Century Fox Cl A	65,513	65,513
Tyco International	42,372	42,372
U.S. Bancorp Delaware	79,403	79,403
United Naturqal Foods	14,660	14,660
Unilever PLC ADR	88,240	88,240
United Parcel Service	79,328	79,328
Unitedhealth Group	275,211	275,211
Vertex Pharmaceuticals	35,001	35,001
Visa Inc	125,129	125,129
Walt Disney Co.	106,874	106,874
Weatherford Intl LTD	39,967	39,967
WW Grainger	83,255	83,255
Weyerhaeuser Co	41,949	41,949
Wells Financial Corp	70,700	70,700
Zoetis	106,288	106,288
Alexion Pharma	37,606	37,606
AES Corp	59,929	59,929
Allison Transmission	41,342	41,342
American Express	69,356	69,356
American Homes for Rent	88,117	88,117
Novartis AG ADR	85,466	85,466
Amerprise Financial	50,827	50,827
BOK Financial	19,258	19,258
Bristol Myers	106,465	106,465
CBS Corp New	49,760	49,760
Charles Schwab	63,354	63,354
Citigroup Inc	164,757	164,757
Consolidated Energy	34,916	34,916
Discover Financial	78,778	78,778
Discovery Holdings	23,077	23,077
Ecolab	87,960	87,960
Metlife	70,581	70,581
Service Corp Intl	55,207	55,207
Murphy USA	48,807	48,807
Oneman Holdings	76,527	76,527
Paypal	70,916	70,916
Raytheon Class A	88,445	88,445
Yahoo Inc	46,665	46,665
Starz Liberty Cap	7,102	7,102
Teradyne Inc	44,649	44,649
TEVA Pharmaceutical	40,620	40,620
Veeco Instruments	14,673	14,673
Xilinx Corp	48,250	48,250
Yum Brands	71,604	71,604
Pulte Group	61,055	61,055
Synchrony Financial	125,031	125,031
Twitter	34,415	34,415
United Rentals	58,564	58,564
VM Ware	62,886	62,886
Western Digital	21,045	21,045
NXP Semiconductors	51,168	51,168
Suncor Energy	75,628	75,628
Oracle Corp	94,867	94,867

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Growth Fund of America - Mutual Fund	FMV	3,442,320	3,442,320
First Eagle Global - Mutual Fund	FMV	2,539,551	2,539,551

- TIN:

TY 2015 OtherExpensesSchedule

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	51,986	51,986
Dues and site visits	954

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Unrealized Loss	-977,124

- TIN:

TY 2015 SubstantialContributorsSch

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Name	Address
See Schedule B

- TIN:

TY 2015 TaxesSchedule

Name:

Larson Foundation

EIN:

46-0412311

Software ID:

15000290

Software Version:

15.3.0.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax on investment income	40,020	40,020