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
DURNILL CHARITABLE TRUST 050012603000
 
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

26-6555669
B Telephone number (see instructions)

(605) 394-2076
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,199,186J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 33,021 30,353  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,150
b Gross sales price for all assets on line 6a 584,988
7 Capital gain net income (from Part IV, line 2)... 17,150
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 1,000    
12 Total. Add lines 1 through 11........ 51,171 47,503  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,984 15,187   3,797
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,428 430   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1     1
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,413 15,617 0 4,798
25 Contributions, gifts, grants paid....... 60,520 60,520
26 Total expenses and disbursements. Add lines 24 and 25 83,933 15,617 0 65,318
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -32,762
b Net investment income (if negative, enter -0-) 31,886
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............. 577 498 498
2 Savings and temporary cash investments......... 54,213 50,676 50,676
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) 50,826 Click to see attachment50,826 50,936
b Investments—corporate stock (attach schedule)....... 592,358 Click to see attachment288,268 293,821
c Investments—corporate bonds (attach schedule)....... 586,515 Click to see attachment408,506 367,405
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment451,587 434,022
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment837 Click to see attachment1,828 Click to see attachment1,828
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,285,326 1,252,189 1,199,186
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 attachment386  
23 Total liabilities (add lines 17 through 22)......... 386 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,407,803 1,407,814
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -122,863 -155,625
30 Total net assets or fund balances (see instructions)..... 1,284,940 1,252,189
31 Total liabilities and net assets/fund balances (see instructions). 1,285,326 1,252,189
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,284,940
2
Enter amount from Part I, line 27a .....................
2
-32,762
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11
4
Add lines 1, 2, and 3 ..........................
4
1,252,189
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
1,252,189
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 466.159 AMERICAN EUROPACIFIC GRTH F2     2015-01-15
b 1257.466 NUVEEN SYMPHONY MID CAP CORE I   2014-01-27 2015-01-15
c 50000. PEPSICO INC 3.100% 1/15/15   2010-01-14 2015-01-15
d 323.358 T ROWE PRICE SMALL CAP STOCK FD 65     2015-01-15
e 1224.923 SCOUT INTERNATIONAL FUND   2013-10-10 2015-01-15
50000. JP MORGAN CHASE 3.700% 1/20/15   2011-02-15 2015-01-20
741.58 P I M C O FDS TOTAL RETURN FD   2013-11-07 2015-01-20
24. AMGEN INC COM   2014-09-02 2015-02-09
31. CATERPILLAR INC.   2010-05-25 2015-02-09
65. CITIGROUP INC   2012-06-28 2015-02-09
61. COMCAST CORP CL A   2014-09-02 2015-02-09
96. CORNING INC COM   2014-09-02 2015-02-09
33. DOLLAR TREE INC   2014-10-20 2015-02-09
30. EOG RES INC COM   2014-07-08 2015-02-09
504.69 GOLDMAN SACHS COMM STRAT INS   2013-11-07 2015-02-09
84. J P MORGAN CHASE & CO   2011-10-14 2015-02-09
53. MARATHON PETROLEUM CORP   2014-10-20 2015-02-09
26. MASTERCARD INC   2014-07-08 2015-02-09
1545.558 NUVEEN STRATEGIC INCOME I   2012-06-28 2015-02-09
1797.061 ROBECO BOSTON PARTNERS L S RSRCH   2013-07-18 2015-02-09
86. TARGET CORP COM     2015-02-09
68.701 VANGUARD MID-CAP INDEX-ADM   2014-12-05 2015-02-09
93. INVESCO LTD   2014-07-08 2015-02-09
33. ACE LTD   2010-01-14 2015-02-09
107. MYLAN LABS INC COM   2014-10-20 2015-02-27
1589.57 LS OPPORTUNITY   2014-04-21 2015-06-16
1. SECURITY LITIGATION   1911-11-11 2015-06-29
50000. GEN ELEC CAP RP MTN 1.625% 7/02/15   2013-07-17 2015-07-02
1547.751 ABERDEEN FDS EMRGN   2012-10-11 2015-07-14
53. ANADARKO PETE CORP COM   2015-02-09 2015-07-14
43. ARCHER DANIELS MIDLAND CO COM   2015-02-09 2015-07-14
23. BIOGEN, INC     2015-07-14
218. CORNING INC COM   2014-09-02 2015-07-14
56. WALT DISNEY COMPANY     2015-07-14
19. ECOLAB INC COM   2015-02-09 2015-07-14
54. EXPRESS SCRIPTS HLDGS C   2014-09-02 2015-07-14
31. KIRBY CORP   2014-10-20 2015-07-14
120. MICROCHIP TECHNOLOGY INC   2014-09-02 2015-07-14
50. NATIONAL-OILWELL INC COM   2015-02-09 2015-07-14
18. PPG INDS INC COM   2015-02-09 2015-07-14
13. PIONEER NAT RES CO   2015-02-09 2015-07-14
523.862 ROWE T PRICE INTL FDS INC INTL BD FD   2014-09-02 2015-07-14
1012.146 ROWE T PRICE INTL FDS INC INTL BD FD   2014-07-10 2015-07-14
580.34 ROWE T PRICE INTL FDS INC INTL BD FD   2014-12-05 2015-07-14
32. SEMPRA ENERGY   2014-09-02 2015-07-14
58. SPECTRA ENERGY CORP   2015-02-09 2015-07-14
59. SPLUNK INC   2015-02-09 2015-07-14
69. TRINITY INDS INC   2014-09-02 2015-07-14
107. MYLAN NV   2015-03-02 2015-07-14
73. ABBOTT LABORATORIES   2014-12-05 2015-08-03
796.524 ABERDEEN FDS EMRGN   2015-01-20 2015-08-03
1382.584 ABERDEEN FDS EMRGN     2015-08-03
20. AMERICAN TOWER CORP   2014-09-02 2015-08-03
23. APPLE COMPUTER INC COM   2014-10-20 2015-08-03
685.851 CAUSEWAY EMERGING MARKETS INSTL   2014-02-12 2015-08-03
46. DOVER CORP   2015-02-09 2015-08-03
259.333 FEDERATED INST HI YLD BD FD   2014-02-12 2015-08-03
4. GOOGLE INC CL A   2014-09-02 2015-08-03
32. J P MORGAN CHASE & CO     2015-08-03
313.884 NUVEEN STRATEGIC INCOME I   2012-06-28 2015-08-03
151.941 NUVEEN REAL ESTATE SECS I   2013-10-08 2015-08-03
32. PNC FINL SVCS GROUP INC COM   2014-10-20 2015-08-03
765.388 ROWE T PRICE INTL FDS INC INTL BD FD     2015-08-03
135. VERIZON COMMUNICATIONS     2015-08-03
66. WELLS FARGO & CO NEW   2010-01-14 2015-08-03
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 21,923   19,429 2,494
b 44,967   40,000 4,967
c 50,000   50,531 -531
d 13,775   12,733 1,042
e 39,136   43,901 -4,765
50,000   51,568 -1,568
8,054   8,083 -29
3,614   3,303 311
2,622   1,819 803
3,192   1,673 1,519
3,478   3,320 158
2,331   1,998 333
2,474   1,865 609
2,887   3,483 -596
1,973   2,751 -778
4,847   2,656 2,191
5,295   4,262 1,033
2,195   1,975 220
17,465   16,692 773
27,279   24,045 3,234
6,495   4,762 1,733
10,557   10,628 -71
3,610   3,560 50
3,698   1,605 2,093
6,174   5,299 875
19,886   19,774 112
191     191
50,000   50,743 -743
20,941   23,216 -2,275
4,008   4,432 -424
2,051   2,046 5
9,243   7,968 1,275
4,184   4,536 -352
6,610   5,411 1,199
2,170   2,035 135
4,933   3,965 968
2,428   3,189 -761
5,425   5,724 -299
2,289   2,643 -354
2,116   2,053 63
1,776   2,039 -263
4,395   5,029 -634
8,492   9,909 -1,417
4,869   5,154 -285
3,263   3,371 -108
1,857   2,098 -241
4,247   3,594 653
1,782   3,397 -1,615
7,635   6,174 1,461
3,662   3,313 349
10,403   11,000 -597
18,057   20,652 -2,595
1,898   1,968 -70
2,724   2,286 438
7,592   7,668 -76
2,897   3,344 -447
2,547   2,666 -119
2,645   2,343 302
2,178   1,089 1,089
3,421   3,390 31
3,595   3,200 395
3,112   2,552 560
6,437   6,687 -250
6,299   6,626 -327
3,807   1,907 1,900
      3,986
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       2,494
b       4,967
c       -531
d       1,042
e       -4,765
      -1,568
      -29
      311
      803
      1,519
      158
      333
      609
      -596
      -778
      2,191
      1,033
      220
      773
      3,234
      1,733
      -71
      50
      2,093
      875
      112
      191
      -743
      -2,275
      -424
      5
      1,275
      -352
      1,199
      135
      968
      -761
      -299
      -354
      63
      -263
      -634
      -1,417
      -285
      -108
      -241
      653
      -1,615
      1,461
      349
      -597
      -2,595
      -70
      438
      -76
      -447
      -119
      302
      1,089
      31
      395
      560
      -250
      -327
      1,900
       
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 17,150
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 64,157 1,317,761 0.048686
2013 69,649 1,298,594 0.053634
2012 65,504 1,285,330 0.050963
2011 41,716 1,290,943 0.032314
2010 48,468 1,386,873 0.034948
2
Total of line 1, column (d) .....................
20.220545
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
0.044109
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,257,970
5
Multiply line 4 by line 3......................
5
55,488
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
319
7
Add lines 5 and 6........................
7
55,807
8
Enter qualifying distributions from Part XII, line 4.............
8
65,318
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 1 319
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........................... 3 319
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- ..... 5 319
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,791
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,791
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 1,472
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet320 RefundedBullet 11 1,152
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)
    bulletSD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (605) 394-2076

    Located atbullet701 ST JOSEPH STREETRAPID CITYSD ZIP+4bullet57701
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NATIONAL ASSOCIATION SD TRUSTEE
    4     		18,984    
    701 ST JOSEPH STREET
    RAPID CITY,SD57701
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,229,287
    b
    Average of monthly cash balances.......................
    1b
    47,840
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,277,127
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,277,127
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    19,157
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,257,970
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    62,899
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    62,899
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    319
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    319
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    62,580
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    63,580
    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
    63,580
    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
    65,318
    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
    65,318
    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
    319
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    64,999
    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 63,580
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 61,519
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 65,318
    a Applied to 2014, but not more than line 2a 61,519
    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..... 3,799
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		59,781
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    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 e-mail address of the person to whom applications should be addressed:
    KEVEN MOREHART
    P O BOX 730
    PHILIP,SD575670730
    (605) 859-2679
    bThe form in which applications should be submitted and information and materials they should include:
    BRADDOCK-DURNILL MEMORIAL SCHOLARSHIP APPLICATION COMPLETED
    cAny submission deadlines:
    NO LATER THAN APRIL 1ST OF SENIOR YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS AND HIS/HER FAMILY MUST BE RESIDENTS OF HAAKON COUNTY SOUTH DAKOTA UPON DATE OF GRADUATION FROM HIGH SCHOOL AND SCHOLARSHIP IS LIMITED TO $2,000 PER YEAR FOR 4 YEARS
    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
    UNIVERSITY OF MARY
    7500 UNIVERSITY DRIVE
    BISMARCK,ND585049652     		NONE N/A SCHOLARSHIPS 3,420
    BLACK HILLS STATE UNIVERSITY
    1200 UNIVERSITY ST DEPT 9502
    SPEARFISH,SD577999502     		NONE PC SCHOLARSHIPS 4,835
    DAKOTA WESLEYAN UNIVERSITY
    1200 WEST UNIVERSITY BLVD
    MITCHELL,SD57301     		NONE PC SCHOLARSHIP 2,000
    FRONTIER SCHOOL OF THE BIBLE
    125 5TH AVENUE
    LAGRANGE,WY82221     		NONE PC SCHOLARSHIP 2,000
    LAKE AREA TECHNICAL INST
    P O BOX 730
    WATERTOWN,SD572010730     		NONE PC SCHOLARSHIPS 2,000
    CHADRON STATE COLLEGE
    1000 MAIN STREET
    CHADRON,NE69337     		NONE PC SCHOLARSHIP 2,000
    UNIVERSITY OF SIOUX FALLS
    1101 W 22ND STREET
    SIOUX FALLS,SD57105     		NONE PC SCHOLARSHIPS 2,000
    PRESENTATION COLLEGE
    1500 NORTH MAIN ST
    ABERDEEN,SD57401     		NONE PC SCHOLARSHIPS 1,255
    NORTH DAKOTA STATE
    UNIVERSITY
    DEPT 5230 P O BOX 6050
    FARGO,ND581086050     		NONE PC SCHOLARSHIPS 415
    UNIVERSITY OF NEBRASKA LINCOLN
    1400 R STREET
    LINCOLN,NE68588     		NONE PC SCHOLARSHIP 2,000
    UNIVERSITY OF SOUTH DAKOTA
    414 EAST CLARK ST
    VERMILLION,SD57069     		NONE PC SCHOLARSHIP 4,415
    SOUTH DAKOTA STATE
    UNIVERSITY
    P O BOX 2201 SAD 200
    BOOKINGS,SD570070649     		NONE PC SCHOLARSHIPS 14,925
    NORTHERN STATE UNIVERSITY
    1200 SOUTH JAY STREET
    ABERDEEN,SD57401     		NONE PC SCHOLARSHIPS 4,000
    MITCHELL TECHNICAL INSTITUTE
    1800 E SPRUCE ST
    MITCHELL,SD57301     		NONE PC SCHOLARSHIPS 8,835
    SOUTHERN UTAH UNIVERSITY
    351 WEST CENTER STREET
    CEDAR CITY,UT84720     		NONE PC SCHOLARSHIP 2,000
    LARAMIE COUNTY COMMUNITY COLLEGE
    ADMISSIONS OFFICE
    1400 EAST COLLEGE DRIVE
    CHEYENNE,WY82007     		NONE PC GENERAL SUPPORT 420
    SD SCHOOL OF MINES & TECHNOLOGY
    501 EAST ST JOSEPH ST
    RAPID CITY,SD57701     		NONE PC SCHOLARSHIP 4,000
    Total .................................bullet 3a 60,520
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 33,021  
    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 17,150  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aRETURN OF PY SCHOL     		    14 1,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   51,171  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1351,171
    (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:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN AND CHASE CO3.7%    
    BERKSHIRE HATHAWAY FIN 50,119 50,327
    PEPSICO INC    
    PIMCO TOTAL RETURN FD INST    
    DRIEHAUS ACTIVE INCOME FUND 38,364 36,248
    NUVEEN STRATEGIC INCOME I    
    TCW EMERGING MARKETS INCOME FU 29,785 26,145
    GENERAL ELEC CAP CORP 1.625%    
    IBM CORP 51,377 50,299
    GOLDMAN SACHS COMM STRAT INS 28,790 13,324
    NUVEEN HIGH INCOME BOND FD 30,000 22,722
    ISHARES BARCLAYS TIPS BOND ETF 50,905 49,246
    EATON VANCE GLOBAL MACRO FD CL 49,813 48,604
    FEDERATED INST HI YLD BD FD 79,353 70,490
    T ROWE PRICE INTL BOND FUND    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CAUSEWAY EMERGING MKTS INSTL 42,733 35,957
    EXPRESS SCRIPTS INC    
    CATERPILLAR INC    
    DOLLAR TREE INC 2,261 3,089
    ACE LTD 3,258 7,829
    CITIGROUP INC    
    JP MORGAN CHASE CO 2,693 5,084
    WELLS FARGO CO 4,039 5,545
    APPLE INC 8,847 9,368
    AMERICAN EUROPACIFIC GRTH F2    
    NUVEEN REAL ESTATE SECS I 43,789 46,472
    T ROWE PRICE SC STOCK    
    ABERDEEN FDS EMRGN MKT INST    
    ROBECO BOSTON PARTNERS L S RSR 25,955 26,662
    SCOUT INTERNATIONAL FD    
    T ROWE PRICE GROWTH STOCK FD #    
    ABBOTT LABORATORIES 3,860 3,862
    AMERICAN TOWER CORP 4,498 4,460
    AMGEN INC    
    BIOGEN INC 2,410 1,838
    BOEING CO 3,214 3,759
    CABOT OIL GAS CORP CL A 4,891 2,600
    CARDINAL HEALTH INC 4,344 5,267
    COMCAST CORP CL A    
    CORNING INC    
    COSTCO WGLS CORP    
    CVS HEALTH CORPORATION 3,338 4,106
    DISNEY WALT CO    
    EOG RES INC    
    GOOGLE INC CL A    
    HEWLETT PACKARD CO    
    KIRBY CORP    
    MARATHON PETROLEUM CORP    
    MASTERCARD INC 4,056 4,673
    MICROCHIP TECHNOLOGY INC    
    MICROSOFT CORP 4,037 5,326
    MYLAN INC    
    PNC FINANCIAL SVCS GROUP INC 4,069 4,384
    SANDISK CORP 5,804 4,635
    SEMPRA ENERGY    
    TARGET CORP    
    THE PRICELINE GROUP INC 6,519 7,650
    TRINITY INDS INC    
    UNION PACIFIC CORP 6,056 4,614
    VERIZON COMMUNICATIONS INC    
    WYMDHAM WORLDWIDE CORP 3,385 3,051
    ALIBABA GROUP HOLIDNG LTD ADR 3,361 2,519
    INVESCO LTD    
    FIDELITY INVT AD INTL DISCI    
    GLENMEDE SC EQUITY PORT ADV 25,433 25,519
    LS OPPORTUNITY    
    NUVEEN SYMPHONY MID CAP CORE I    
    VANGUARD MID CAP INDEX ADM 65,418 65,552

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    US Government Securities - End of Year Book Value:

    50,826
    US Government Securities - End of Year Fair Market Value:

    50,936
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WAL MART STORES INC AT COST 3,164 2,636
    TRANSCANADA CORP AT COST 5,772 4,726
    T ROWE PRICE INTL GR&INC FD AT COST 78,475 69,848
    STERICYCLE INC AT COST 4,068 3,497
    SCHWAB CHARLES CORP AT COST 3,608 3,524
    SALIENT MLP ENERGY INFRASTRUCT AT COST 9,764 5,487
    ROPER INDS INC AT COST 3,700 3,986
    PILGRIMS PRIDE CORP AT COST 3,840 3,667
    PACCAR FINANCIAL MTN 1.450% 3 AT COST 50,181 49,684
    MONSANTO CO AT COST 2,182 1,773
    MACYS INC AT COST 3,381 1,854
    LYONDELLBASELL INDUSTRIES CL A AT COST 2,224 1,912
    JOHNSON JOHNSON AT COST 4,786 4,931
    INTUIT INC AT COST 2,960 2,702
    HP INC AT COST 1,590 1,042
    HORMEL FOODS CORP AT COST 1,984 2,689
    HIGHLAND LONG SHORT EQUITY Z AT COST 33,568 31,108
    HEWLETT PACKARD ENTERPRIS WI AT COST 1,748 1,338
    GOODYEAR TIRE RUBBER CO AT COST 2,020 2,581
    GENERAL DYNAMICS CORP AT COST 5,082 5,082
    FIDELITY INVT TR AD INTL DISCI AT COST 74,738 75,926
    FACEBOOK INC A AT COST 4,666 5,442
    EXPRESS SCRIPTS HLDGS C AT COST 2,806 3,059
    DOUBLELINE TOTAL RET BD I AT COST 90,000 87,406
    DEERE CO AT COST 4,044 3,203
    COSTCO WHSL CORP AT COST 5,344 5,976
    CERNER CORPORATION AT COST 4,267 3,610
    CELGENE CORP AT COST 6,356 6,228
    BARON EMERGING MARKETS INSTITU AT COST 16,800 15,716
    BANK OF AMERICA CORP AT COST 5,542 5,369
    AMAZON COM INC AT COST 6,484 9,462
    ALPHABET INC CL A AT COST 6,443 8,558

    TY 2015 OtherAssetsSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 837 1,828 1,828


    TY 2015 OtherExpensesSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 1 0   1


    TY 2015 OtherIncomeSchedule2
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURN OF SCHOLARSHIP FUNDS 1,000 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Description Amount
    ROUNDING 11


    TY 2015 OtherLiabilitiesSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Description Beginning of Year - Book Value End of Year - Book Value
    RETURN OF CAPITAL 386  


    TY 2015 TaxesSchedule
    Name:
    DURNILL CHARITABLE TRUST 050012603000
    EIN:
    26-6555669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 379 379   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,207 0   0
    FEDERAL ESTIMATES - INCOME 1,343 0   0
    FEDERAL ESTIMATES - PRINCIPAL 448 0   0
    FOREIGN TAXES ON NONQUALIFIED 51 51   0