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
GLEN VEAL FBO WESTMINSTER 3303-9301
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

35-6510400
B Telephone number (see instructions)

(765) 965-2205
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$419,396J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 10,288 9,813  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,825
b Gross sales price for all assets on line 6a 105,670
7 Capital gain net income (from Part IV, line 2)... 15,825
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 26,113 25,638  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 7,055 6,350   706
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 500 0 0 500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 473 169   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,028 6,519 0 1,206
25 Contributions, gifts, grants paid....... 31,155 31,155
26 Total expenses and disbursements. Add lines 24 and 25 39,183 6,519 0 32,361
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,070
b Net investment income (if negative, enter -0-) 19,119
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............. 2,965 114 114
2 Savings and temporary cash investments......... 7,004 8,927 8,927
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   627 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 136,544 Click to see attachment102,262 130,005
c Investments—corporate bonds (attach schedule)....... 98,240 Click to see attachment80,112 69,106
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 164,062 Click to see attachment204,729 211,675
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment-431 Click to see attachment-431
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 409,442 395,713 419,396
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
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........ 409,442 395,713
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)..... 409,442 395,713
31 Total liabilities and net assets/fund balances (see instructions). 409,442 395,713
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
409,442
2
Enter amount from Part I, line 27a .....................
2
-13,070
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
396,372
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
659
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
395,713
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 8. CALIFORNIA RESOURCES CORP   2007-07-24 2015-02-04
b 12. AMERISOURCEBERGEN CORP COM   2013-08-12 2015-02-24
c 10. APACHE CORP   2012-10-04 2015-02-24
d 18. APPLE COMPUTER INC COM   2006-05-04 2015-02-24
e 20. CARMAX INC   2014-05-07 2015-02-24
1918.111 CREDIT SUISSE COMM RET ST CO     2015-02-24
35. PFIZER INC   2009-10-15 2015-02-24
4. 3M CO COM   2012-10-04 2015-02-24
8. ACE LTD   2012-08-15 2015-02-24
25. COCA COLA CO   2012-05-17 2015-03-02
93.995 NUVEEN REAL ESTATE SECS I   2009-02-19 2015-03-02
43.638 VANGUARD INTL GRWTH FD CL ADM   2012-05-14 2015-03-02
4. ALLERGAN INC   2015-03-02 2015-03-17
4. ALLERGAN INC   2013-03-13 2015-03-17
.9464 ACTAVIS PLC   2015-03-17 2015-04-01
.0082 GOOGLE INC CL C   2014-01-16 2015-05-07
33. AMERISOURCEBERGEN CORP COM   2013-08-12 2015-05-28
40. APACHE CORP   2014-12-10 2015-05-28
25. APACHE CORP   2012-10-04 2015-05-28
145. BANK OF AMERICA CORP     2015-05-28
35. CARLISLE COS INC   2014-06-20 2015-05-28
25. COMCAST CORP CL A   2014-09-04 2015-05-28
15. CONOCOPHILLIPS   2014-06-04 2015-05-28
30. CONOCOPHILLIPS   2012-10-26 2015-05-28
10. F5 NETWORKS INC COM     2015-05-28
6. F5 NETWORKS INC COM   2015-02-24 2015-05-28
1. GOOGLE INC CL C   2014-11-21 2015-05-28
2. GOOGLE INC CL C   2014-01-16 2015-05-28
43. MC DONALD'S CORP   2005-05-25 2015-05-28
109. ORACLE CORPORATION   2012-05-14 2015-05-28
40. STATE STR CORP   2012-10-26 2015-05-28
15. XILINX INC   2014-08-27 2015-05-28
70. XILINX INC     2015-05-28
.1227 TALEN ENERGY CORP   2013-02-11 2015-06-19
1. SECURITY LITIGATION   1911-11-11 2015-06-29
3. TALEN ENERGY CORP   2013-02-11 2015-07-08
20. DIRECTV   2012-10-26 2015-07-24
15. ATT INC   2012-10-26 2015-07-30
224.101 BAIRD AGGREGATE BOND FD INSTL   2014-11-18 2015-07-30
45.454 NUVEEN INFLATION PRO SEC CL I     2015-07-30
248.989 OPPENHEIMER SENIOR FLOATING RATE I   2013-03-13 2015-07-30
20. PFIZER INC   2009-10-15 2015-07-30
4. THERMO ELECTRON CORP   2014-05-07 2015-07-30
27.337 VANGUARD MID CAP INDEX-ADM   2013-05-08 2015-07-30
6. APPLE COMPUTER INC COM   2012-11-19 2015-09-01
1. APPLE COMPUTER INC COM   2006-05-04 2015-09-01
190.968 BAIRD AGGREGATE BOND FD INSTL   2014-11-18 2015-09-01
22. BECTON DICKINSON & CO COM   2015-05-28 2015-09-01
48.685 DRIEHAUS ACTIVE INCOME FUND   2011-11-28 2015-09-01
6. ECOLAB INC   2012-05-14 2015-09-01
4. FEDEX CORP COM   2015-02-24 2015-09-01
10. FEDEX CORP COM     2015-09-01
30. FIFTH THIRD BANCORP   2012-10-26 2015-09-01
2. GOOGLE INC CL A   2014-01-16 2015-09-01
174.02 NUVEEN HIGH INCOME BOND FD CL I   2006-02-14 2015-09-01
48.745 NUVEEN INFLATION PRO SEC CL I   2011-07-26 2015-09-01
6. PEPSICO INC   2005-05-25 2015-09-01
59.452 ROWE T PRICE INTL FDS INC INTL BD FD   2011-07-26 2015-09-01
10. WELLS FARGO & CO NEW   2012-10-04 2015-09-01
.84 ATT INC   2012-10-26 2015-09-04
4. INTERNATIONAL BUSINESS MACHS CORP   2013-01-24 2015-10-20
6. CHEVRONTEXACO CORP   2000-10-31 2015-10-30
20. GENERAL ELEC CO   2012-05-14 2015-10-30
20. MICROSOFT CORP   2014-01-16 2015-10-30
48.388 NUVEEN REAL ESTATE SECS I   2009-02-19 2015-10-30
50. T ROWE PRICE GROUP INC     2015-10-30
34.296 VANGUARD INTL GRWTH FD CL ADM   2012-05-14 2015-10-30
6. ACE LTD   2012-08-15 2015-10-30
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 49   42 7
b 1,229   703 526
c 667   864 -197
d 2,396   184 2,212
e 1,346   878 468
11,259   16,128 -4,869
1,196   613 583
674   378 296
911   586 325
1,078   983 95
2,340   704 1,636
3,179   2,392 787
966   939 27
966   439 527
279   279  
4   5 -1
3,746   1,934 1,812
2,372   2,304 68
1,482   2,160 -678
2,403   4,470 -2,067
3,465   3,027 438
1,470   1,379 91
951   1,196 -245
1,903   1,720 183
1,261   975 286
757   716 41
537   539 -2
1,075   1,146 -71
4,167   1,333 2,834
4,763   2,972 1,791
3,140   1,767 1,373
715   627 88
3,338   2,603 735
2   2  
142     142
51   50 1
1,883   1,313 570
521   405 116
2,402   2,416 -14
500   516 -16
2,009   2,082 -73
715   350 365
556   458 98
4,355   3,279 1,076
652   474 178
109   10 99
2,045   2,059 -14
2,974   3,105 -131
500   483 17
634   387 247
596   713 -117
1,491   995 496
573   435 138
1,262   1,154 108
1,347   1,646 -299
533   544 -11
550   340 210
503   616 -113
511   359 152
27   23 4
564   820 -256
550   248 302
583   377 206
1,068   730 338
1,152   362 790
3,788   3,790 -2
2,383   1,880 503
689   439 250
      1,366
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       7
b       526
c       -197
d       2,212
e       468
      -4,869
      583
      296
      325
      95
      1,636
      787
      27
      527
       
      -1
      1,812
      68
      -678
      -2,067
      438
      91
      -245
      183
      286
      41
      -2
      -71
      2,834
      1,791
      1,373
      88
      735
       
      142
      1
      570
      116
      -14
      -16
      -73
      365
      98
      1,076
      178
      99
      -14
      -131
      17
      247
      -117
      496
      138
      108
      -299
      -11
      210
      -113
      152
      4
      -256
      302
      206
      338
      790
      -2
      503
      250
       
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 15,825
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 31,494 476,408 0.066107
2013 31,535 461,354 0.068353
2012 32,714 444,344 0.073623
2011 35,381 453,704 0.077983
2010 34,219 446,425 0.076651
2
Total of line 1, column (d) .....................
20.362717
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
0.072543
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
447,400
5
Multiply line 4 by line 3......................
5
32,456
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
191
7
Add lines 5 and 6........................
7
32,647
8
Enter qualifying distributions from Part XII, line 4.............
8
32,361
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 1 382
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........................... 3 382
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- ..... 5 382
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 587
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 587
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 205
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet205 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletU S BANK N A RICHMOND TRUST DEPT Telephone no.bullet (765) 965-2228

    Located atbulletEIGHT PROMENADERICHMONDIN ZIP+4bullet473750818
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA TRUSTEE
    1     		7,055    
    8TH PROMENADE
    RICHMOND,IN47375
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    443,018
    b
    Average of monthly cash balances.......................
    1b
    11,195
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    454,213
    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
    454,213
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,813
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    447,400
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    22,370
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    22,370
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    382
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    382
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    21,988
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    21,988
    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
    21,988
    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
    32,361
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    32,361
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    32,361
    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 21,988
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 12,061
    b From 2011...... 13,297
    c From 2012...... 11,002
    d From 2013...... 9,334
    e From 2014...... 8,261
    fTotal of lines 3a through e........ 53,955
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 32,361
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 21,988
    e Remaining amount distributed out of corpus 10,373
    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 64,328
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		12,061
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		52,267
    10 Analysis of line 9:
    a Excess from 2011.... 13,297
    b Excess from 2012.... 11,002
    c Excess from 2013.... 9,334
    d Excess from 2014.... 8,261
    e Excess from 2015.... 10,373
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WESTMINSTER VILLAGE NORTH FDN
    C/O JAMES JORDAN - TREASURER
    5740 KILMER LN
    INDIANAPOLIS,IN462501736     		NONE PC GENERAL OPERATING 31,155
    Total .................................bullet 3a 31,155
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 10,288  
    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 15,825  
    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)..   26,113  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1326,113
    (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:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 500     500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CREDIT SUISSE COMM RET ST    
    DRIEHAUS ACTIVE INCOME FUND 12,595 12,342
    NUVEEN HIGH INCOME BOND FD 20,038 14,893
    NUVEEN INFLATION PRO SEC 13,441 12,668
    T ROWE PRICE INTL BOND FUND 16,052 12,902
    OPPENHEIMER SR FLOAT RATE 17,986 16,301

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMGEN INC 1,438 3,084
    APACHE CORP    
    APPLE INC 6,822 7,684
    BANK OF AMERICA CORP    
    CHEVRON CORP 1,158 2,519
    CISCO SYS INC 1,997 3,123
    FED EX CORP    
    GENERAL ELECTRIC 2,674 4,423
    JOHNSON & JOHNSON 2,221 4,006
    MCDONALDS CORP    
    OCCIDENTAL PETROLEUM CORP 3,026 3,042
    PEPSICO INC 3,376 5,396
    PFIZER INC 2,137 3,131
    QUALCOMM INC 2,615 3,249
    REPUBLIC SVCS INC 2,488 3,959
    STATE STR CORP    
    VERIZON COMM 4,660 4,622
    WELLS FARGO CO 2,690 4,077
    3 M CO 1,889 3,013
    ACE LTD 2,915 4,323
    SCHLUMBERGER LTD 4,782 4,534
    DIRECTV    
    ALLERGAN INC    
    AMERICAN TOWER CORP 1,872 2,424
    COCA COLA CO 3,021 3,308
    CONOCOPHILLIPS    
    CUMMINS INC 2,042 1,760
    DISNEY WALT CO 2,351 4,729
    ECOLAB INC 2,321 4,118
    FIFTH THIRD BANCORP 2,721 3,317
    GOLDMAN SACHS GROUP INC 1,955 2,523
    INTEL CORP 1,989 2,756
    IBM CORP    
    MACYS INC 1,734 1,574
    PROCTOR & GAMBLE CO 4,012 5,003
    UNITED HEALTH GROUP INC 2,292 4,000
    V F CORP 1,984 2,552
    AMERISOURCEBERGEN    
    ATT 3,368 3,510
    F5 NETWORKS    
    PPL CORP 707 853
    T ROWE PRICE GROUP    
    XILINX    
    VANGUARD GLBL EX US REAL 12,542 11,242
    CARLISLE COS INC    
    THERMO FISHER SCIENTIFIC INC 2,520 3,121
    MICROSOFT CORP 3,288 4,993
    ANADARKO PETROLEUM CORP 2,084 1,069
    ORACLE CORPORATION    
    CALIFORNIA RESOURCES CORP    
    CARMAX INC 2,571 2,968
    COMCAST CORP CL A    
    GOOGLE INC CL A    
    GOOGLE INC CL C    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NUVEEN REAL ESTATE SECS AT COST 9,059 12,907
    VANGUARD INTERNARIONAL GROWTH AT COST 53,881 61,984
    PARAMETRIC EMERGING MKTS AT COST 20,127 16,156
    ROBECO BOSTON PARTNERS AT COST 9,949 11,533
    VANGUARD MID CAP INDEX AT COST 16,496 19,552
    VANGUARD SMALL CAP GROWTH INDE AT COST 7,967 9,478
    BAIRD AGGREGATE BOND FD AT COST 37,474 36,883
    ALLERGAN PLC AT COST 2,492 2,500
    ALPHABET INC CL A AT COST 2,177 3,112
    BBT CORP AT COST 2,484 2,647
    CARDINAL HEALTH INC AT COST 2,813 3,124
    CARTERS INC AT COST 3,490 3,027
    GILEAD SCIENCES INC AT COST 2,857 2,833
    GOLDMAN SACHS COMM STRAT INS AT COST 3,801 2,630
    INTERNATIONAL PAPER CO AT COST 1,055 754
    MAGNA INTL INC CL A AT COST 1,191 1,014
    MASTERCARD INC AT COST 3,251 3,408
    P N C FINANCIAL SERVICES GROUP AT COST 3,067 3,050
    ROPER INDS INC AT COST 1,877 2,277
    SALIENT MLP ENERGY INFRASTRUCT AT COST 9,806 5,322
    SEMPRA ENERGY AT COST 4,094 3,572
    SPECTRA ENERGY CORP AT COST 2,883 2,035
    UNION PACIFIC CORPUNION PACIFI AT COST 2,438 1,877

    TY 2015 OtherAssetsSchedule
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME   -431 -431


    TY 2015 OtherDecreasesSchedule
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Description Amount
    PY BALANCE SHEET ADJUSTMENT 627
    COST BASIS ADJUSTMENT 32


    TY 2015 TaxesSchedule
    Name:
    GLEN VEAL FBO WESTMINSTER 3303-9301
    EIN:
    35-6510400
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 142 142   0
    FEDERAL ESTIMATES - PRINCIPAL 304 0   0
    FOREIGN TAXES ON NONQUALIFIED 27 27   0