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
MURIEL WHITESIDE CHARITABLE TR 14905500
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

41-6370669
B Telephone number (see instructions)

(218) 723-2870
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$23,885,876J 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... 353,954 351,854  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 651,262
b Gross sales price for all assets on line 6a 2,454,925
7 Capital gain net income (from Part IV, line 2)... 651,262
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,235,876 1,108,816  
12 Total. Add lines 1 through 11........ 2,241,092 2,111,932  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 222,677 170,996   51,681
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 34,679 0 0 34,679
b Accounting fees (attach schedule)....... Click to see attachment 2,500 0 0 2,500
c Other professional fees (attach schedule).... Click to see attachment 42,000 42,000   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 83,211 83,211   0
19 Depreciation (attach schedule) and depletion... 0 161,828  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 36,790 35,655   1,135
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 421,857 493,690 0 89,995
25 Contributions, gifts, grants paid....... 1,079,290 1,079,290
26 Total expenses and disbursements. Add lines 24 and 25 1,501,147 493,690 0 1,169,285
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 739,945
b Net investment income (if negative, enter -0-) 1,618,242
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............. -587,467 21,525 21,525
2 Savings and temporary cash investments......... 763,367 611,219 611,219
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,647,489 Click to see attachment8,172,637 10,164,692
c Investments—corporate bonds (attach schedule)....... 3,540,494 Click to see attachment3,182,241 2,723,878
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,643 Click to see attachment1,135,867 7,541,854
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,833,021 Click to see attachment2,822,708 Click to see attachment2,822,708
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,207,547 15,946,197 23,885,876
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3,088  
23 Total liabilities (add lines 17 through 22)......... 3,088 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........ 8,822,456 8,824,249
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 6,382,003 7,121,948
30 Total net assets or fund balances (see instructions)..... 15,204,459 15,946,197
31 Total liabilities and net assets/fund balances (see instructions). 15,207,547 15,946,197
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
15,204,459
2
Enter amount from Part I, line 27a .....................
2
739,945
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,793
4
Add lines 1, 2, and 3 ..........................
4
15,946,197
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
15,946,197
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 .844 OUTFRONT MEDIA INC   2014-10-08 2015-01-08
b 237. GENERAL ELECTRIC CO   2013-12-16 2015-01-09
c 22. WHIRLPOOL CORP     2015-01-09
d 203. STAPLES INC   2013-02-20 2015-01-13
e 115. HALLIBURTON CO     2015-01-14
79. RANGE RESOURCES CORP   2014-10-15 2015-01-14
100000. DUPONT EI NEMOUR 3.250% 1/15/15   2010-03-29 2015-01-15
831. BANK OF AMERICA CORP     2015-01-16
48. POLARIS INDS INC   2013-03-25 2015-01-16
266. BANK OF NEW YORK MELLON CORP   2013-09-06 2015-01-20
3503. DEUTSCHE BOERSE AG UNSPN A D R   2012-10-04 2015-01-26
186. DEUTSCHE BOERSE AG UNSPN A D R   2014-04-30 2015-01-26
1692. HOLCIM LTD UNSPON A D R   2014-08-08 2015-01-26
157. TUPPERWARE BRANDS CORP     2015-01-26
23. TUPPERWARE BRANDS CORP   2014-03-13 2015-01-26
593. UNIBAIL RODAMCO SE UNSP A D R     2015-01-26
72. MEDTRONIC INC   2015-01-16 2015-01-27
40. COVIDIEN PLC   2013-12-16 2015-01-27
35. COVIDIEN PLC   2013-01-11 2015-01-27
75. COVIDIEN PLC   2012-10-04 2015-01-27
22. COVIDIEN PLC   2013-07-08 2015-01-27
251. COVIDIEN PLC   2013-03-06 2015-01-27
27. BOEING CO   2014-09-12 2015-01-28
41. DOVER CORP     2015-01-28
52. CINEMARK HLDGS INC   2012-10-04 2015-01-30
23. TARGET CORP   2015-01-16 2015-01-30
23. WHIRLPOOL CORP   2012-10-04 2015-01-30
193. GENERAL ELECTRIC CO     2015-02-03
154. LOWES CO INC   2013-02-28 2015-02-03
149. NATIONAL RETAIL PROPERTIES INC   2013-12-16 2015-02-03
14. P P G INDS INC   2012-10-04 2015-02-03
269. WESTAR ENERGY INC     2015-02-03
14. LYONDELLBASELL INDUSTRIES CL A   2014-11-10 2015-02-03
90. CVS HEALTH CORPORATION   2013-01-23 2015-02-05
.4 MEDTRONIC PLC   2015-01-27 2015-02-05
.988 MEDTRONIC PLC   2015-01-27 2015-02-05
79. ASTRAZENECA P L C SPSD A D R     2015-02-06
72. MERCK AND CO INC   2012-10-04 2015-02-06
106. REDWOOD TRUST INC   2012-10-04 2015-02-06
28. TEVA PHARMACEUTICAL INDS LTD A D R   2014-03-19 2015-02-06
33. EXXON MOBIL CORP     2015-02-09
72. V F CORP   2012-10-04 2015-02-18
18. WHIRLPOOL CORP   2013-04-22 2015-02-18
77. OCCIDENTAL PETROLEUM CORPORATION     2015-02-20
1361. TAIWAN SEMICONDUCTOR A D R     2015-02-20
48. ANADARKO PETROLEUM CORP     2015-02-25
104. EMERSON ELECTRIC CO     2015-02-25
393. SLM CORP COM     2015-02-25
873. AIRBUS GROUP NV A D R   2012-10-04 2015-03-02
322. HITACHI LTD ADR 10 COM     2015-03-02
53. HITACHI LTD ADR 10 COM   2014-04-30 2015-03-02
131. REDWOOD TRUST INC   2012-10-04 2015-03-02
155. DAIMLER AG     2015-03-02
36. DOVER CORP   2012-12-17 2015-03-03
39. DOVER CORP   2012-12-17 2015-03-11
195. BAYER AG A D R     2015-03-16
482. FIFTH THIRD BANCORP     2015-03-16
145. FIFTH THIRD BANCORP   2014-09-12 2015-03-16
318. J P MORGAN CHASE & CO     2015-03-16
177. LIBERTY PPTY TR SBI     2015-03-16
832. MFA FINANCIAL INC     2015-03-16
393. NAVIENT CORP W D     2015-03-16
12. PRUDENTIAL FINANCIAL INC   2014-12-19 2015-03-16
38. PRUDENTIAL FINANCIAL INC     2015-03-16
317. SYNOVUS FINANCIAL CORP     2015-03-16
14. UNUM GROUP   2013-07-02 2015-03-16
16. UNUM GROUP   2013-07-02 2015-03-17
185. GOLDCORP INC   2014-06-24 2015-03-18
45. BEST BUY CO INC   2014-01-22 2015-03-20
129. COMMUNITY BK SYS INC     2015-03-20
40. CATERPILLAR INC   2014-08-05 2015-03-26
157. CATERPILLAR INC     2015-03-26
288. SPECTRA ENERGY CORP   2013-03-18 2015-03-27
35. WYNN RESORTS LTD   2015-01-30 2015-04-01
161. COMERICA INC     2015-04-07
15. CARNIVAL CORP   2012-10-04 2015-04-17
25. HASBRO INC   2012-10-04 2015-04-17
845. SEVEN I HLDGS UNSPN A D R     2015-04-17
74. STAPLES INC   2013-02-20 2015-04-17
4. SIGNET JEWELERS LTD   2014-05-13 2015-04-17
302. PHILIP MORRIS INTL     2015-04-23
46. LYONDELLBASELL INDUSTRIES CL A     2015-04-30
13. APPLE INC   2013-07-02 2015-05-07
152. CYPRESS SEMICONDUCTOR CORP     2015-05-07
187. MICROSOFT CORP     2015-05-19
317. QUALCOMM INC     2015-05-21
2492. PORSCHE AUTOMOBIL HLDG SE A D R   2012-10-04 2015-05-22
1020. REPSOL S A SPONSORED ADR     2015-05-22
27. CENTURYLINK INC   2014-12-09 2015-06-03
20. DELTA AIR LINES INC   2014-10-16 2015-06-03
31. TIME WARNER CABLE INC   2014-04-14 2015-06-03
525. ICICI BANK LTD A D R   2014-07-01 2015-06-08
20.4846 TALEN ENERGY CORP   2015-02-03 2015-06-15
33.5154 TALEN ENERGY CORP     2015-06-15
54. STRYKER CORP   2013-10-09 2015-06-16
37. OMNICOM GROUP INC   2014-05-23 2015-06-17
82. OMNICOM GROUP INC   2014-09-12 2015-06-17
48. VERIZON COMMUNICATIONS     2015-06-17
211. NRG ENERGY INC     2015-06-19
164. PPL CORPORATION   2015-02-03 2015-06-19
28. PPL CORPORATION   2012-10-04 2015-06-19
.7088 TALEN ENERGY CORP   2013-01-11 2015-06-19
1. SECURITY LITIGATION   1911-11-11 2015-06-22
698. AIRBUS GROUP NV A D R   2012-10-04 2015-06-23
1056. AIRBUS GROUP NV A D R   2014-10-24 2015-06-23
.7881 KONINKLIJKE PHILIPS NVR NY A D R   2014-04-30 2015-06-24
113. MARSH MCLENNAN COS INC     2015-06-25
424. CYPRESS SEMICONDUCTOR CORP   2014-12-12 2015-06-26
153. ERICSSON LM TEL SP A D R   2014-07-24 2015-06-26
751. ERICSSON LM TEL SP A D R   2014-02-03 2015-06-26
243. PROCTER GAMBLE CO     2015-06-26
16. PROCTER GAMBLE CO   2015-01-13 2015-06-26
1. SECURITY LITIGATION   1911-11-11 2015-06-29
28. EXXON MOBIL CORP   2014-10-09 2015-07-01
33. UNITED HEALTH GROUP INC   2012-10-04 2015-07-01
1177. SONY CORP A D R   2014-02-07 2015-07-23
75. CATERPILLAR INC     2015-07-29
1352. AMERICA MOVIL A D R     2015-07-31
248. MCCORMICK CO NON VTG SHRS     2015-07-31
9. ATT INC   2012-10-04 2015-08-03
22. ABBVIE INC   2012-10-04 2015-08-03
17. APPLE INC   2012-10-04 2015-08-03
8. CVS HEALTH CORPORATION   2013-01-23 2015-08-03
11. COLGATE PALMOLIVE CO   2014-06-03 2015-08-03
24. J P MORGAN CHASE & CO   2013-01-11 2015-08-03
17. LOWES CO INC   2013-01-11 2015-08-03
10. MICROSOFT CORP   2012-10-04 2015-08-03
7. NOVO NORDISK AS A D R   2012-10-04 2015-08-03
38. PFIZER INC   2013-01-11 2015-08-03
11. UNITED HEALTH GROUP INC     2015-08-03
19. WELLS FARGO & CO NEW   2013-05-24 2015-08-03
9. ACCENTURE PLC CL A   2012-10-04 2015-08-03
9. MEDTRONIC PLC     2015-08-03
89. E O G RES INC     2015-08-04
150. VERIZON COMMUNICATIONS     2015-08-04
224. DEVON ENERGY CORPORATION     2015-08-10
13. ATT INC   2015-06-17 2015-08-11
37. APPLIED MATERIALS INC   2015-06-26 2015-08-11
17. BEST BUY CO INC   2014-01-22 2015-08-11
17. C M S ENERGY CORP   2013-04-09 2015-08-11
22. CA INC   2014-12-09 2015-08-11
32. CENTURYLINK INC   2014-12-09 2015-08-11
24. GENERAL ELECTRIC CO   2012-10-04 2015-08-11
22. INTEL CORP   2013-12-16 2015-08-11
8. INTERNATIONAL BUSINESS MACHINES CORP   2015-02-03 2015-08-11
39. MATTEL INC   2015-04-17 2015-08-11
10. OUTFRONT MEDIA INC     2015-08-11
9. P N C FINANCIAL SERVICES GROUP INC   2014-01-31 2015-08-11
13. PACWEST BANCORP   2015-03-16 2015-08-11
27. PFIZER INC   2014-04-28 2015-08-11
13. SIX FLAGS ENTERTAINMENT   2014-10-08 2015-08-11
14. STAPLES INC     2015-08-11
16. STARWOOD PROPERTY TRUST INC   2015-03-03 2015-08-11
14. TD AMERITRADE HLDG CORP   2015-03-16 2015-08-11
11. UNILEVER N V A D R   2013-01-11 2015-08-11
10. UNUM GROUP   2013-07-02 2015-08-11
12. VERIZON COMMUNICATIONS   2012-10-04 2015-08-11
12. XILINX INC   2014-08-04 2015-08-11
9. LYONDELLBASELL INDUSTRIES CL A   2013-03-01 2015-08-11
246. CONAGRA FOODS INC   2015-06-26 2015-08-12
60. INTERNATIONAL BUSINESS MACHINES CORP   2015-02-03 2015-08-12
189. XILINX INC     2015-08-12
32. UNITED HEALTH GROUP INC   2014-03-13 2015-08-13
295. KINDER MORGAN INC     2015-08-14
73. PHILLIPS 66   2013-01-29 2015-08-14
72. TIME WARNER CABLE INC   2012-10-04 2015-08-17
169. TD AMERITRADE HLDG CORP   2015-03-16 2015-08-20
89. LOWES CO INC     2015-08-27
38. ANTHEM INC   2015-06-16 2015-08-28
195. COCA COLA COMPANY     2015-08-28
279. DAIMLER AG   2012-10-04 2015-08-31
602. GEA GROUP AG SPON A D R   2012-10-04 2015-09-03
117. TIME WARNER CABLE INC     2015-09-10
722. APPLIED MATERIALS INC     2015-09-14
250000. GEN ELEC CAP CRP MTN 4.375% 9/21/15   2009-11-24 2015-09-21
125. OUTFRONT MEDIA INC     2015-09-22
104. OUTFRONT MEDIA INC     2015-09-23
303. COLUMBIA PIPELINE GROUP W I     2015-09-25
.844 OUTFRONT MEDIA INC   2014-09-01 2015-09-29
452.156 OUTFRONT MEDIA INC     2015-09-29
186. SEAGATE TECHNOLOGY   2015-08-12 2015-09-29
196. EXXON MOBIL CORP     2015-09-30
85. EXXON MOBIL CORP     2015-09-30
97. LAS VEGAS SANDS CORP   2015-01-30 2015-09-30
146. DISCOVER FINL SVCS     2015-10-01
728. REGIONS FINL CORP     2015-10-01
351. REGIONS FINL CORP   2015-03-16 2015-10-01
264. CENTURYLINK INC     2015-10-02
53. MEDTRONIC PLC     2015-10-05
40. FIDELITY NATL INFORMATION SVCS INC   2014-09-22 2015-10-08
20. BLACKROCK INC   2015-03-16 2015-10-09
50. CA INC   2014-07-24 2015-10-09
12. CA INC   2014-12-09 2015-10-09
203. PITNEY BOWES INC     2015-10-09
46. ROCKWELL AUTOMATION INC     2015-10-09
55. ROCKWELL AUTOMATION INC   2015-01-09 2015-10-09
115. TARGET CORP   2015-01-16 2015-10-09
58. STARWOOD PROPERTY TRUST INC   2015-03-03 2015-10-14
134. STARWOOD PROPERTY TRUST INC     2015-10-14
1. SECURITY LITIGATION   1911-11-11 2015-10-15
430. CHECK POINT SOFTWARE TECH LTD     2015-10-20
362. EMC CORPORATION   2015-08-28 2015-10-23
112. WESTERN DIGITAL CORP   2015-09-29 2015-10-23
177. BAKER HUGHES INC     2015-10-27
492. ITC HOLDINGS CORP     2015-10-27
6.99984 ANADARKO PETROLEUM CORP   2014-12-19 2015-11-04
39.00016 ANADARKO PETROLEUM CORP     2015-11-04
1065. AXA A D R   2012-10-04 2015-11-04
1262. B G GROUP P L C A D R   2014-05-12 2015-11-04
779. HEINEKEN NV SPN A D R     2015-11-04
150. LINCOLN NATL CORP IND   2013-03-12 2015-11-04
21. LINCOLN NATL CORP IND   2014-12-19 2015-11-04
155. MORGAN STANLEY   2013-01-23 2015-11-04
64. MORGAN STANLEY   2015-03-16 2015-11-04
900. NIPPON TELEGRAPH TELE A D R     2015-11-04
128. P N C FINANCIAL SERVICES GROUP INC     2015-11-04
8. PRUDENTIAL FINANCIAL INC   2015-08-28 2015-11-04
129. PRUDENTIAL FINANCIAL INC   2012-10-04 2015-11-04
48. LYONDELLBASELL INDUSTRIES CL A     2015-11-04
24. LYONDELLBASELL INDUSTRIES CL A   2014-11-10 2015-11-04
95. M T BANK CORP   2013-07-02 2015-11-05
304. ZIONS BANCORPORATION   2015-03-20 2015-11-05
238. UNUM GROUP     2015-11-06
38. UNUM GROUP   2015-10-23 2015-11-06
49. GENERAL ELECTRIC CO   2012-10-04 2015-11-12
481. HEWLETT PACKARD ENTERPRIS WI     2015-11-12
53. HEWLETT PACKARD ENTERPRIS WI     2015-11-12
126. INTEL CORP     2015-11-12
321. ONEOK INC     2015-11-12
246. PPL CORPORATION     2015-11-12
107. PINNACLE WEST CAP CORP     2015-11-12
42. PINNACLE WEST CAP CORP   2015-02-03 2015-11-12
108. UNITED TECHNOLOGIES CORP     2015-11-12
248. VERIZON COMMUNICATIONS     2015-11-12
1497. PEARSON P L C A D R   2015-08-25 2015-11-18
129. NORDSTROM INC     2015-11-20
26. WHIRLPOOL CORP   2012-10-04 2015-11-20
18. WHIRLPOOL CORP   2015-07-29 2015-11-20
432. MERCK AND CO INC     2015-12-01
56. ANADARKO PETROLEUM CORP     2015-12-04
63. SIX FLAGS ENTERTAINMENT     2015-12-04
527. ADIDAS AG A D R     2015-12-08
125. DELTA AIR LINES INC   2014-10-16 2015-12-09
481. HP INC     2015-12-09
53. HP INC     2015-12-09
42. SIX FLAGS ENTERTAINMENT   2014-10-10 2015-12-10
65. BOEING CO   2014-09-12 2015-12-21
11. BOEING CO   2015-12-09 2015-12-21
85. PHILIP MORRIS INTL     2015-12-21
14. PHILIP MORRIS INTL   2015-08-20 2015-12-21
65. UNILEVER N V A D R     2015-12-21
156. CINEMARK HLDGS INC   2012-10-04 2015-12-22
36. TIME WARNER CABLE INC   2014-04-14 2015-12-22
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 22   22  
b 5,680   6,411 -731
c 4,369   2,153 2,216
d 3,481   2,929 552
e 4,390   7,371 -2,981
3,766   4,968 -1,202
100,000   101,153 -1,153
12,490   7,770 4,720
6,569   4,355 2,214
9,880   8,136 1,744
25,962   19,871 6,091
1,379   1,369 10
23,298   26,160 -2,862
9,605   12,985 -3,380
1,407   1,854 -447
16,764   15,564 1,200
5,540   5,151 389
4,350   2,658 1,692
3,806   1,916 1,890
8,157   4,135 4,022
2,393   1,286 1,107
27,297   14,913 12,384
3,697   3,437 260
2,863   2,257 606
1,947   1,213 734
1,709   1,701 8
4,642   1,957 2,685
4,703   4,677 26
10,564   5,845 4,719
6,301   4,520 1,781
3,174   1,642 1,532
11,428   7,990 3,438
1,203   1,234 -31
9,023   4,712 4,311
30   30  
74   74  
5,376   3,628 1,748
4,283   3,328 955
2,126   1,542 584
1,617   1,407 210
3,024   3,277 -253
5,416   2,944 2,472
3,825   2,098 1,727
6,160   6,774 -614
33,168   23,181 9,987
4,093   3,419 674
6,051   5,279 772
3,692   2,644 1,048
13,575   7,366 6,209
21,670   20,551 1,119
3,567   3,778 -211
2,530   1,905 625
15,007   7,971 7,036
2,583   1,931 652
2,744   2,092 652
29,847   26,300 3,547
9,258   7,293 1,965
2,785   3,010 -225
19,648   15,272 4,376
6,217   6,506 -289
6,493   7,007 -514
7,719   4,721 2,998
995   1,085 -90
3,150   2,106 1,044
8,954   7,839 1,115
475   420 55
543   480 63
3,334   5,145 -1,811
1,836   1,134 702
4,577   3,635 942
3,194   4,088 -894
12,535   13,809 -1,274
10,341   8,322 2,019
4,383   5,252 -869
7,373   6,812 561
704   556 148
1,645   938 707
18,605   15,789 2,816
1,179   1,068 111
529   409 120
25,432   27,643 -2,211
4,773   3,135 1,638
1,630   778 852
1,919   2,072 -153
8,857   6,368 2,489
22,353   19,959 2,394
22,980   15,525 7,455
20,328   20,025 303
887   1,053 -166
860   674 186
5,471   4,164 1,307
4,840   5,249 -409
380   407 -27
621   540 81
5,136   3,702 1,434
2,690   2,551 139
5,961   5,837 124
2,266   2,298 -32
5,284   5,470 -186
5,033   5,522 -489
859   768 91
14   11 3
40     40
11,985   5,889 6,096
18,132   15,228 2,904
21   21  
6,577   5,980 597
5,064   5,655 -591
1,656   1,957 -301
8,129   9,234 -1,105
19,292   19,637 -345
1,270   1,462 -192
1,085     1,085
2,302   2,617 -315
4,060   1,918 2,142
34,433   19,619 14,814
5,739   5,949 -210
25,914   26,568 -654
20,326   15,601 4,725
311   345 -34
1,524   812 712
2,015   1,620 395
898   419 479
748   740 8
1,634   1,103 531
1,165   608 557
465   299 166
420   229 191
1,366   1,013 353
1,322   849 473
1,094   764 330
924   642 282
698   702 -4
6,825   8,310 -1,485
6,984   7,115 -131
10,740   13,984 -3,244
452   453 -1
638   741 -103
531   428 103
589   483 106
645   671 -26
901   1,248 -347
615   550 65
637   541 96
1,242   1,263 -21
905   1,035 -130
247   300 -53
878   720 158
608   612 -4
944   856 88
583   456 127
196   190 6
354   392 -38
513   530 -17
504   423 81
356   300 56
571   562 9
518   496 22
802   524 278
10,935   10,820 115
9,340   9,475 -135
8,194   7,807 387
3,863   2,470 1,393
10,031   12,315 -2,284
5,986   4,373 1,613
13,681   7,141 6,540
5,787   6,395 -608
6,160   2,981 3,179
5,301   6,341 -1,040
7,633   8,189 -556
22,339   14,045 8,294
23,165   19,342 3,823
21,949   11,521 10,428
11,246   13,590 -2,344
250,000   257,100 -7,100
2,823   3,744 -921
2,310   3,104 -794
5,833   9,153 -3,320
18   27 -9
9,512   12,001 -2,489
7,787   9,567 -1,780
14,465   18,778 -4,313
6,273   7,854 -1,581
3,651   5,371 -1,720
7,533   8,634 -1,101
6,515   7,257 -742
3,141   3,482 -341
6,387   10,573 -4,186
3,733   4,092 -359
2,799   2,282 517
6,345   7,491 -1,146
1,442   1,470 -28
346   366 -20
4,236   4,404 -168
4,852   3,824 1,028
5,802   5,916 -114
9,028   8,505 523
1,208   1,420 -212
2,792   3,690 -898
10     10
34,756   22,084 12,672
9,391   9,065 326
7,792   7,773 19
9,244   10,314 -1,070
16,276   12,717 3,559
487   574 -87
2,713   3,327 -614
27,758   16,305 11,453
20,320   27,217 -6,897
34,751   25,306 9,445
8,235   4,973 3,262
1,153   1,215 -62
5,174   3,532 1,642
2,136   2,352 -216
33,475   22,759 10,716
11,796   9,637 2,159
677   649 28
10,915   7,141 3,774
4,591   2,781 1,810
2,296   2,115 181
11,437   10,801 636
8,984   8,327 657
8,574   6,660 1,914
1,369   1,269 100
1,505   1,124 381
6,563   7,419 -856
723   1,065 -342
4,118   2,940 1,178
9,253   11,287 -2,034
8,268   6,714 1,554
6,713   5,667 1,046
2,635   2,947 -312
10,725   8,643 2,082
11,137   11,452 -315
18,231   25,913 -7,682
7,212   9,554 -2,342
4,156   2,212 1,944
2,877   3,215 -338
23,322   19,676 3,646
3,200   4,368 -1,168
3,353   2,210 1,143
25,967   20,275 5,692
6,243   4,213 2,030
5,801   6,750 -949
639   968 -329
2,215   1,462 753
9,099   8,275 824
1,540   1,588 -48
7,298   7,784 -486
1,202   1,177 25
2,751   2,541 210
5,041   3,638 1,403
6,508   4,835 1,673
      444,341
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a        
b       -731
c       2,216
d       552
e       -2,981
      -1,202
      -1,153
      4,720
      2,214
      1,744
      6,091
      10
      -2,862
      -3,380
      -447
      1,200
      389
      1,692
      1,890
      4,022
      1,107
      12,384
      260
      606
      734
      8
      2,685
      26
      4,719
      1,781
      1,532
      3,438
      -31
      4,311
       
       
      1,748
      955
      584
      210
      -253
      2,472
      1,727
      -614
      9,987
      674
      772
      1,048
      6,209
      1,119
      -211
      625
      7,036
      652
      652
      3,547
      1,965
      -225
      4,376
      -289
      -514
      2,998
      -90
      1,044
      1,115
      55
      63
      -1,811
      702
      942
      -894
      -1,274
      2,019
      -869
      561
      148
      707
      2,816
      111
      120
      -2,211
      1,638
      852
      -153
      2,489
      2,394
      7,455
      303
      -166
      186
      1,307
      -409
      -27
      81
      1,434
      139
      124
      -32
      -186
      -489
      91
      3
      40
      6,096
      2,904
       
      597
      -591
      -301
      -1,105
      -345
      -192
      1,085
      -315
      2,142
      14,814
      -210
      -654
      4,725
      -34
      712
      395
      479
      8
      531
      557
      166
      191
      353
      473
      330
      282
      -4
      -1,485
      -131
      -3,244
      -1
      -103
      103
      106
      -26
      -347
      65
      96
      -21
      -130
      -53
      158
      -4
      88
      127
      6
      -38
      -17
      81
      56
      9
      22
      278
      115
      -135
      387
      1,393
      -2,284
      1,613
      6,540
      -608
      3,179
      -1,040
      -556
      8,294
      3,823
      10,428
      -2,344
      -7,100
      -921
      -794
      -3,320
      -9
      -2,489
      -1,780
      -4,313
      -1,581
      -1,720
      -1,101
      -742
      -341
      -4,186
      -359
      517
      -1,146
      -28
      -20
      -168
      1,028
      -114
      523
      -212
      -898
      10
      12,672
      326
      19
      -1,070
      3,559
      -87
      -614
      11,453
      -6,897
      9,445
      3,262
      -62
      1,642
      -216
      10,716
      2,159
      28
      3,774
      1,810
      181
      636
      657
      1,914
      100
      381
      -856
      -342
      1,178
      -2,034
      1,554
      1,046
      -312
      2,082
      -315
      -7,682
      -2,342
      1,944
      -338
      3,646
      -1,168
      1,143
      5,692
      2,030
      -949
      -329
      753
      824
      -48
      -486
      25
      210
      1,403
      1,673
       
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 2 651,262
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 1,693,838 22,262,073 0.076086
2013 1,532,046 19,993,511 0.076627
2012 1,427,446 18,640,702 0.076577
2011 1,581,046 18,368,540 0.086074
2010 1,334,947 17,707,046 0.075391
2
Total of line 1, column (d) .....................
20.390755
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
0.078151
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
20,652,103
5
Multiply line 4 by line 3......................
5
1,613,983
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
16,182
7
Add lines 5 and 6........................
7
1,630,165
8
Enter qualifying distributions from Part XII, line 4.............
8
1,169,285
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 32,365
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 32,365
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 32,365
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 6,572
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,572
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 388
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,181
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 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)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletU S BANK NATIONAL ASSOCIATION Telephone no.bullet (218) 723-2870

    Located atbullet130 W SUPERIOR STREETDULUTHMN ZIP+4bullet55802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA CORP TSTEE
    1     		189,996    
    130 W SUPERIOR STREET
    DULUTH,MN55802
    JAMES H STEWART CO-TRUSTEE
    1     		32,681    
    302 W SUPERIOR ST STE 700
    DULUTH,MN55802
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    20,347,549
    b
    Average of monthly cash balances.......................
    1b
    619,053
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,966,602
    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
    20,966,602
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    314,499
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,652,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,032,605
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,032,605
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    32,365
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,365
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,000,240
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    126,119
    5
    Add lines 3 and 4............................
    5
    1,126,359
    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
    1,126,359
    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
    1,169,285
    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
    1,169,285
    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
    1,169,285
    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 1,126,359
    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...... 479,299
    b From 2011...... 698,047
    c From 2012...... 531,217
    d From 2013...... 572,895
    e From 2014...... 622,524
    fTotal of lines 3a through e........ 2,903,982
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,169,285
    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..... 1,126,359
    e Remaining amount distributed out of corpus 42,926
    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 2,946,908
    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) ...     		479,299
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		2,467,609
    10 Analysis of line 9:
    a Excess from 2011.... 698,047
    b Excess from 2012.... 531,217
    c Excess from 2013.... 572,895
    d Excess from 2014.... 622,524
    e Excess from 2015.... 42,926
    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).)
    NONE
    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
    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
    UMD MEDICAL SCHOOL
    10 UNIVERSITY DRIVE
    DULUTH,MN558122496     		NONE PC SCHOLARSHIP 269,095
    ST LUKE'S HOSPITAL
    915 EAST FIRST STREET
    DULUTH,MN55805     		NONE PC GENERAL OPERATING 142,976
    YOUNG MEN'S CHRISTIAN ASSOCIATION
    302 WEST FIRST STREET
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 133,444
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION
    32 E FIRST ST SUITE 202
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 133,444
    WDSE EDUCATIONAL TV
    632 NIAGARA COURT
    DULUTH,MN55811     		NONE PC GENERAL OPERATING 19,063
    ANIMAL ALLIES
    4006 AIRPORT ROAD
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 76,254
    PILGRIM CONGREGATIONAL CHURCH
    2310 EAST 4TH ST
    DULUTH,MN55812     		NONE PC GENERAL OPERATING 19,063
    UNITED WAY OF GREATER DULUTH
    ATTN FINANCE DIRECTOR
    402 ORDEAN BLDG
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 36,317
    BOYS AND GIRLS CLUB
    PO BOX 16435
    DULUTH,MN558166435     		NONE PC GENERAL OPERATING 104,849
    DULUTH SUPERIOR SYMPHONY
    ATTN MIKE BEERY
    130 W SUPERIOR ST STE LL2
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 19,063
    AMERICAN CANCER SOCIETY
    129 JEFFERSON AVE SE
    GRAND RAPIDS,MI49503     		NONE PC GENERAL OPERATING 19,063
    DEPOT FOUNDATION
    130 W SUPERIOR ST SUITE 302
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 76,254
    HEAD OF THE LAKES UNITED WAY
    424 W SUPERIOR ST
    DULUTH,MN55802     		NONE PC GENERAL OPERATING 30,405
    Total .................................bullet 3a 1,079,290
    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....     14 353,954  
    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 ............     		    18 651,262  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aROYALTY INCOME     		    1 1,078,855  
    bROYALTY LEASE BONU     1 28,577  
    cCHECK NEVER RECEIV     1 126,119  
    dWAYLAND INCOME/     1 2,073  
    eDU NORD LAND INCOM     1 252  
    12 Subtotal. Add columns (b), (d), and (e)..   2,241,092  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,241,092
    (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:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,500     2,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GEN ELEC CAP CRP    
    CREDIT SUISSE COMMOD RET STRAT 675,000 336,355
    NUVEEN SHORT TERM BD FD Y 1,477,321 1,453,941
    ISHARES S&P PREF STK INDEX FD 79,920 77,700
    PIMCO TOTAL RETURN FD 500,000 462,449
    EI DU PONT DE NEMOUR C    
    DRIEHAUS ACTIVE INCOME FUND 250,000 238,724
    NUVEEN HIGH INCOME BOND FD CI 200,000 154,709

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WESTAR ENERGY INC    
    EXXON MOBIL CORP 38,237 51,135
    JOHNSON & JOHNSON 70,683 117,820
    MICROSOFT CORP 123,927 214,652
    TEXAS INSTRUMENTS 68,576 65,772
    GENERAL ELECTRIC 120,052 121,578
    PEPSICO INC 62,193 109,412
    PFIZER INC 97,818 127,700
    WELLS FARGO & CO 56,451 99,370
    VERIZON COMMUNICATIONS 49,647 69,330
    UNITED TECHNOLOGIES CORP 19,422 57,642
    INTEL CORP 30,164 55,361
    FREEPORT-MCMORAN COPPER & GOLD 19,676 2,708
    REPUBLIC SVCS INC 25,796 52,788
    3M CO 42,153 75,320
    APACHE CORP 29,294 20,012
    MCDONALD'S CORP 47,433 140,823
    ALLSTATE CORP 28,809 37,254
    CISCO SYS INC 73,845 72,640
    QUALCOMM 50,421 56,183
    FED EX CORP 22,360 29,798
    SCHLUMBERGER LTD 62,400 64,170
    OMNICOM GROUP INC 33,962 60,528
    COSTCO WHSL CORP 30,886 96,900
    WAL MART STORES INC 46,163 61,300
    ACE LTD 57,484 100,024
    BANK OF AMERICA CORP 112,798 62,439
    GOLDMAN SACHS GROUP INC 30,458 36,046
    EXELON CORPORATION 44,164 22,216
    ACCENTURE LTD 56,181 151,943
    FISERV INC 17,382 73,168
    HEWLETT PACKARD CO 38,242 35,720
    ORACLE CORPORATION 41,538 94,978
    FIDELITY ADV DIVERSIFIED INTL 13,966 25,210
    NUVEEN EQUITY INDEX FD 550,963 1,357,457
    NUVEEN MID CAP INDEX FD 614,055 839,106
    NUVEEN REAL ESTATE SEC FD 672,882 736,760
    NUVEEN SMALL CAP SELECT FD 310,577 252,011
    I SHARES M S C I E A F E INDEX 100,810 70,464
    MONSANTO CO 39,476 33,792
    NIKE INC CL B 24,058 100,000
    ALTRIA GROUP INC 15,130 31,724
    PHILIP MORRIS INTL 15,077 26,373
    ST JUDE MED INC 21,538 30,885
    ZIMMER HOLDINGS INC 18,870 25,648
    P G & E CORP 29,743 42,552
    AT & T INC 88,427 99,445
    I SHARES MSCI EMERGING MKTS 443,984 363,747
    NEUBERGER BERMAN GENESIS INSTL 130,000 196,904
    SCOUT INTERNATIONAL FUND 700,000 525,716
    GOLDMAN SACHS MC VALUE CL INST 100,000 106,272
    T ROWE PRICE MID-CAP GRTH F#64 50,000 71,896
    ANADARKO PETROLEUM CORP 8,517 5,878
    APPLE INC 43,034 54,946
    BANKUNITED INC 6,043 7,356
    BEST BUY CO INC 7,586 10,658
    BLACKROCK INC 10,773 19,750
    BOEING CO 26,838 28,484
    CAPITAL ONE FINANCIAL CORP 17,412 19,056
    CATERPILLAR INC    
    CENTURLYLINK    
    CHEVRON CORPORATION 71,095 59,643
    CINEMARK HLDGS INC    
    CITIGROUP INC 27,457 31,723
    CONOCOPHILLIPS 42,786 52,760
    CULLEN FROST BANKER INC 17,432 17,820
    DEVON ENERGY CORPORATION    
    DOVER CORP    
    DOW CHEM CO 7,878 12,355
    EMERSON ELEC CO    
    FIFTH THIRD BANCORD    
    GENERAL DYNAMICS CORP 7,446 13,599
    HASBRO INC 5,781 10,441
    ITC HIDGS CORP    
    J P MORGAN CHASE CO 20,453 31,694
    KINDER MORGAN INC 30,379 12,533
    LIBERTY PPTY TR    
    LOWES CO INC 34,308 83,340
    MCCORMICK CO INC    
    MERCK AND CO INC NEW    
    MID-AMERICA APT CMNTYS INC 4,672 6,357
    MONDELEZ INTERNATIONAL W I 15,582 16,322
    NEXTERA ENERGY INC 35,301 42,699
    OCCIDENTAL PETROLEUM CORPORATI 24,307 21,635
    OLD REP INTL CORP 7,554 8,234
    P N C FINANCIAL SERVICES GROUP    
    P P G INDS INC 7,440 11,167
    P P L CORPORATION    
    PHILLIPS 66 22,916 50,062
    PINNACLE WEST CAP CORP    
    PRAXAIR INC 29,071 24,986
    PRUDENTIAL FINANCIAL INC    
    REDWOOD TR INC    
    ROCKWELL AUTOMATIC INC    
    SLM CORP    
    STATE STR CORP    
    SUNTRUST BKS INC 12,622 17,136
    TARGET CORPORATION 28,656 36,958
    TIME WARNER CABLE INC    
    UNION PACIFIC CORP 18,144 21,427
    UNITED HEATH GROUP INCORPORATE 30,812 50,232
    V F CORP 18,743 26,394
    WHIRLPOOL CORP 15,678 18,946
    STARBUCKS CORP    
    ASTRAZENECA P L C SPSD A D R 42,329 42,743
    AXA A D R    
    BP PLC SPONS A D R 54,310 28,384
    CARNIVAL CORP 7,972 11,713
    COVIDIEN PLC    
    DAIMLER AG    
    DEUTSCH BOERSE AG UNSPN A D R    
    EATON CORP PLC 11,625 11,657
    GEA GROUP AG SPON A D R    
    GLAXO SMITHKLINE P L C D R 9,060 8,151
    HEINEKEN NV SPN A D R    
    ICAP PLC A D R    
    JULIUS BAER GROUP LTD A D R 21,045 28,489
    KAO CORP A D R    
    KOMATSU LTD A D R    
    KONINKLIJKE DSM NV ADR 20,622 19,074
    MITSUBISHI ESTATE LTD A D R 25,438 25,010
    NOVARTIS AG A D R 19,460 26,931
    NOVO NORDISK AS A D R 13,610 24,161
    PORSCHE AUTOMOBIL HLDG SE A D    
    REPSOL S A    
    ROCHE HIDG LTD A D R 30,574 37,951
    SAP AG A D R    
    SECOM COMPANY LIMITED A D R 24,312 31,892
    SONY FINANCIAL HOLD A D R    
    SUNCOR ENERGY INC    
    WPP PLCSPONSORED A D R 16,802 29,832
    VODAFONE GROUP PLC A D R 50,862 39,389
    UNILEVER A V A D R 8,533 9,964
    TESCO PLC A D R    
    TECHNIP-COFLEXIP A D R    
    TFS MARKET NEUTRAL FUND 250,000 229,437
    CVS CAREMARK CORP 46,725 91,219
    ABBVIE INC 27,588 39,572
    BANK OF NEW YORK MELLON CORP    
    CA INC 12,120 13,395
    COMERICA INC    
    COMMUNITY BK SYS INC    
    HONEYWELL INTERNATIONAL INC 22,681 28,378
    KOHLS CORP    
    LINCOLN NATL CORP IND    
    MT BANK CORP    
    MACYS INC 22,539 15,006
    MFA FINANCIAL INC    
    MORGAN STANLEY    
    NATIONAL RETAIL PROPERTIES INC    
    PACKAGING CORP AMERICA 22,489 24,716
    POLARIS INDS INC 9,084 7,907
    PROCTER & GAMBLE CO    
    REGIONS FINL CORP    
    SPECTRA ENERGY CORP    
    STAPLES INC 10,945 8,447
    STARWOOD PROPERTY TRUST INC 11,937 10,917
    STRYKER CORP    
    TUPPERWARE BRANDS CORP    
    UNUM GROUP    
    ACCOR SA ADR 19,807 24,169
    AMERICA MOVIL ADR    
    BANCO BILBAO 20,098 15,972
    BARCLAYS PLC ADR 26,853 20,580
    CHECK POINT SOFTWARE TECH LTD    
    HITACHI LTD    
    IPSEN SA SPONSORED ADR    
    KONINKLIJKE PHILIPS NVR NY ADR 28,244 23,083
    LYONDELLBASELL INDUSTRIES CL A    
    NIPPON TELEGRAPH TELE ADR    
    SEVEN & I HLDGS UNSPN ADR 23,218 28,311
    SUMITOMO MITSUE FINL GROUP ADR 46,503 38,823
    TAIWAN SEMICONDUCTOR ADR    
    TORAY INDUSTRIES INC ADR 28,939 38,492
    COLGATE PALMOLIVE CO 25,997 25,982
    CYRESS SEMICONDUCTOR CORP    
    DELTA AIR LINES INC    
    DISCOVER FINL SVCS 32,595 30,027
    EOG RES INC    
    EMC CORPORATION 19,915 20,749
    GENERAL MOTORS CO 24,726 26,154
    HALLIBURTON CO    
    HARTFORD FINANCIAL SERVICES 19,140 21,991
    MARSH MCLENNAN COS INC 19,379 20,849
    NAVIENT CORP WD    
    PITNEY BOWES INC 11,399 9,024
    RANGE RESOURCES CORP    
    SIX FLAGS ENTERTAINMENT 5,845 9,285
    SYNOVUS FINANCIAL CORP    
    VANGUARD 500 INDEX ADMIRAL 300,000 325,205
    XILINX INC    
    AEGON NV REG SHR 27,229 16,987
    AIRBUS GROUP NV ADR    
    BG GROUP    
    BAYER AG ADR    
    DENSO CORPORATION 27,288 27,783
    DEUTSCHE POST AG ADR 26,161 23,196
    ERICSSON LN TEL SP ADR 28,112 23,919
    GOLDCORP INC    
    HOLCIM LTD UNSPON ADR    
    HSBC HOLDINGS PLC SPONS ADR    
    ICICI BANK LTD ADR    
    KONINKLIJKE ROYAL KPN NV 28,911 29,625
    NIELSEN NV    
    OTSUKA HOLDINGS LTD ADR 28,643 33,286
    SIGNET JEWELERS LTD 7,398 8,535
    SKY PLC SPN ADR 41,264 43,810
    SOCIETE GENERALE SPONS ADR 26,825 22,893
    SUNTORY BEVERAGE FOOD UADR 26,711 34,080
    TEVA PHARMACEUTICAL INDS 11,907 15,557
    UNIBAIL RODAMCO SE 22,551 23,333
    WILLIAM HILL PLC 29,430 26,935
    ABERDEEN FDS EMRGN MKT 150,000 114,439
    OUTFRONT MEDIA INC    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WAYLAND LAND LLC AT COST 665 665
    DU NORD LAND LLC AT COST 1,044 1,044
    ABBOTT LABORATORIES AT COST 13,546 14,416
    ADIDAS AG A D R AT COST 19,478 25,613
    AMERIPRISE FINL INC AT COST 15,726 14,367
    ATOS ORIGIN SA UNSP ADR AT COST 28,043 29,017
    CHINA MOBILE LIMITED A D R AT COST 26,654 24,391
    CIGNA CORP AT COST 8,218 9,950
    CROWN CASTLE INTL CORP AT COST 13,171 13,486
    D T E ENERGY CO AT COST 11,701 11,628
    DISNEY WALT CO AT COST 16,041 14,081
    EMBRAER SA A D R AT COST 26,457 25,286
    EVERBANK FINANCIAL CORP AT COST 7,830 6,951
    FRONTIER COMMUNICATIONS CORP AT COST 14,485 10,975
    GEMALTO NV SPON A D R AT COST 26,912 24,863
    GENERAL MILLS INC AT COST 10,854 11,013
    GLOBAL LOGISTIC PPTYS LTD A D AT COST 27,393 20,709
    HP INC AT COST 34,791 27,824
    HSBC HOLDINGS PLC SPONS A D R AT COST 26,185 19,498
    INFINEON TECHNOLOGIES A G A D AT COST 24,053 34,149
    INVESCO LTD AT COST 12,960 12,756
    LAM RESEARCH CORP AT COST 21,453 22,555
    LAMAR ADVERTISING CO A AT COST 14,045 16,135
    LIXIL GROUP CORP A D R AT COST 26,325 26,668
    MARKIT LTD AT COST 28,102 31,739
    MEDTRONIC PLC AT COST 53,148 53,613
    MOODYS CORP AT COST 10,712 11,740
    NATIONAL GRID PLC SP A D R AT COST 25,942 27,190
    NIELSEN HOLDINGS PLC AT COST 21,488 22,275
    NISOURCE INC AT COST 9,420 10,145
    PACWEST BANCORP AT COST 9,002 8,275
    PIONEER NAT RES CO AT COST 15,650 15,798
    RIDGEWORTH INST SEIX US GOVT S AT COST 300,000 299,702
    ROYAL DUTCH SHELL PLC A D R AT COST 39,863 33,518
    SEIKO EPSON A D R AT COST 27,104 25,839
    SMITH NEPHEW PLC SPON A D R AT COST 27,154 28,231
    SYNGENTA A G A D R AT COST 38,268 46,529
    TOTAL SA SPON A D R AT COST 26,344 23,824
    VALERO ENERGY CORP AT COST 5,196 5,657
    VARIOUS MINERAL INTERESTS AT COST 1 6,407,911
    VIVENDI SA UNSPON ADR AT COST 27,792 24,232
    WEC ENERGY GROUP INC AT COST 20,844 22,525
    CMS ENERGY CORP AT COST 10,642 12,953
    MATTEL INC AT COST 11,165 12,118

    TY 2015 LegalFeesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 34,679     34,679


    TY 2015 OtherAssetsSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LAND & MINERAL RIGHTS 2,817,746 2,817,746 2,817,746
    ACCRUED INCOME 15,275 4,962 4,962


    TY 2015 OtherExpensesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN CHARITABLE FILING FEE 25 0   25
    DUNORD LAND INCOME/LOSS 161 161   0
    ROYALTY EXPENSE 33,190 33,190   0
    APPRAISAL FEES 1,012 0   1,012
    INVESTMENT EXPENSES 1,872 1,872   0
    WAYLAND PARTNERSHIP EXPENSES 432 432   0
    COMMITTEE MEETING EXPENSE 98 0   98


    TY 2015 OtherIncomeSchedule2
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    WAYLAND INCOME/LOSS 2,073 1,132  
    ROYALTY INCOME 1,078,855 1,078,855  
    ROYALTY LEASE BONUS 28,577 28,577  
    DU NORD LAND INCOME/LOSS 252 252  
    CHECK NEVER RECEIVED UMD - 2014 126,119 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Description Amount
    WASH SALE ADJUSTMENT 1,785
    ROUNDING ADJUSTMENT 8


    TY 2015 OtherLiabilitiesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Description Beginning of Year - Book Value End of Year - Book Value
    RETURN OF CAPITAL ADJUSTMENTS 3,088  


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    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    AMERN PACER MNG             0 %        

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 42,000 42,000    


    TY 2015 TaxesSchedule
    Name:
    MURIEL WHITESIDE CHARITABLE TR 14905500
    EIN:
    41-6370669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 8,470 8,470   0
    TAX COLLECTION FEES - REAL EST 74,741 74,741   0