TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 08-01-2015 , and ending 07-31-2016

Name of foundation
DALE KRUEGER SCHOLARSHIP 97350810

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

93-6331222

B Telephone number (see instructions)

(503) 464-3580

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$9,466,059J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	216,007		210,286
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		393,849
b	Gross sales price for all assets on line 6a 3,033,343
7	Capital gain net income (from Part IV, line 2)...			393,849
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).......		50,840
12	Total. Add lines 1 through 11........	660,696		604,135
13	Compensation of officers, directors, trustees, etc.	125,093		112,584		12,509
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).......		3,000	0	0	3,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		18,418	5,186		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).......		6,018	1,642		4,376
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	152,529		119,412	0	19,885
25	Contributions, gifts, grants paid.......	453,999				453,999
26	Total expenses and disbursements. Add lines 24 and 25	606,528		119,412	0	473,884
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	54,168
b	Net investment income (if negative, enter -0-)			484,723
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	330,360	572,378	572,378
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	5,321,604	4,398,107	4,748,344
	c	Investments—corporate bonds (attach schedule).......	3,420,305	3,348,360	3,281,789
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		807,837	863,548
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,072,269	9,126,682	9,466,059
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	9,072,269	9,126,682
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	9,072,269	9,126,682
	31	Total liabilities and net assets/fund balances (see instructions).	9,072,269	9,126,682

Part III

Analysis of Changes in Net Assets or Fund Balances

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

9,072,269

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

54,168

Other increases not included in line 2 (itemize) bullet

245

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

9,126,682

Decreases not included in line 2 (itemize) bullet

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

9,126,682

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	.236 DOLLAR TREE INC		2015-07-07	2015-08-20
b	25. AARONS INC		2013-02-20	2015-09-03
c	434. AIRBUS GROUP NV A D R		2015-01-16	2015-09-03
d	832. AIRBUS GROUP NV A D R		2012-07-05	2015-09-03
e	40. AMADEUS IT HOLDING UNSP A D R		2012-07-05	2015-09-03
	4. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS		2013-07-02	2015-09-03
	356. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS		2015-01-16	2015-09-03
	34. AMERISOURCEBERGEN CORP		2012-07-05	2015-09-03
	30. ARM HLDGS PLC A D R		2012-07-05	2015-09-03
	20. B T GROUP P L C A D R		2015-01-16	2015-09-03
	1. BALCHEM CORP		2013-02-20	2015-09-03
	98. BANK OF NEW YORK MELLON CORP		2013-10-22	2015-09-03
	55. BAYER AG A D R		2015-01-16	2015-09-03
	13. BEACON ROOFING SUPPLY INC		2012-07-05	2015-09-03
	226. BRITISH AMER SPON ADR		2013-07-02	2015-09-03
	24. CABOT MICROELECTRONICS CORP COM		2012-07-05	2015-09-03
	129. CAL MAINE FOODS INC		2013-02-20	2015-09-03
	91. CAMDEN PPTY TR SBI		2013-10-22	2015-09-03
	4. CAPGEMINI SA A D R		2013-02-20	2015-09-03
	164. CARNIVAL PLC A D R		2015-01-16	2015-09-03
	47. CARTERS INC		2013-10-22	2015-09-03
	6. CATERPILLAR INC		2013-10-22	2015-09-03
	91. CATERPILLAR INC		2015-01-16	2015-09-03
	4. CHEMED CORP		2012-07-05	2015-09-03
	2. CHURCH AND DWIGHT CO INC		2012-07-05	2015-09-03
	165. COGNIZANT TECHNOLOGY SOLUTIONS CORP		2012-07-05	2015-09-03
	183. COHEN STEERS INC			2015-09-03
	1. CULLEN FROST BANKERS INC		2012-07-05	2015-09-03
	1668. DEUTSCHE BOERSE AG UNSPN A D R		2012-07-05	2015-09-03
	59. DEUTSCHE TELEKOM AG A D R		2012-07-05	2015-09-03
	18. DR REDDYS LABORATORIES LTD A D R		2013-07-02	2015-09-03
	9710.959 DOUBLELINE TOTAL RET BD I		2014-06-13	2015-09-03
	194. ELLIE MAE INC		2015-01-16	2015-09-03
	356. DELHAIZE GROUP SPONS A D R		2013-07-02	2015-09-03
	106. F E I CO			2015-09-03
	197. F M C CORPORATION			2015-09-03
	83. FLOWERS FOODS INC		2013-02-20	2015-09-03
	113. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2013-07-02	2015-09-03
	7. GOOGLE INC CL A		2012-07-05	2015-09-03
	4. GOOGLE INC CL C		2012-07-05	2015-09-03
	27. HEINEKEN NV SPN A D R		2012-07-05	2015-09-03
	74. JACK HENRY ASSOCIATES INC		2013-02-20	2015-09-03
	280. HEXCEL CORP NEW		2012-07-05	2015-09-03
	18. HIBBETT SPORTS INC		2015-01-16	2015-09-03
	357. HIBBETT SPORTS INC			2015-09-03
	144. HITACHI LTD ADR 10 COM		2013-10-22	2015-09-03
	24. HORMEL FOODS CORP		2012-07-05	2015-09-03
	6. HUBBELL INC CL B		2013-02-20	2015-09-03
	169. INDUSTRIAS BACHOCO SAB DE CV A D R		2013-07-02	2015-09-03
	204. INTERCONTINENTAL HOTELS A D R		2015-01-16	2015-09-03
	69. JARDEN CORP COM		2013-02-20	2015-09-03
	104. KANSAS CITY LIFE INS CO		2015-01-16	2015-09-03
	32. KOREA ELEC PWR CORP SPONSORED ADR		2015-01-16	2015-09-03
	124. LG DISPLAY CO LTD A D R		2013-07-02	2015-09-03
	133. LKQ CORP		2012-07-05	2015-09-03
	715. LAFARGEHOLCIM LTD UNSP A D R		2015-01-16	2015-09-03
	19. LAKELAND INDUSTRIES INC		2013-02-20	2015-09-03
	70. LOWES COMPANIES INC		2013-02-20	2015-09-03
	59. MARSH MCLENNAN COS INC		2015-01-16	2015-09-03
	605. MASTEC INC		2015-01-16	2015-09-03
	154. MCCORMICK & CO INC COM		2012-07-05	2015-09-03
	108. MELCO CROWN ENTERTAINMENT LMTD A D R		2013-02-20	2015-09-03
	113. MICROSOFT CORP		2012-07-05	2015-09-03
	22. MICROCHIP TECHNOLOGY INC		2012-07-05	2015-09-03
	1. MOBILE MINI INC		2012-07-05	2015-09-03
	8. MOTOROLA SOLUTIONS INC		2012-07-05	2015-09-03
	545. NTT DOCOMO INC A D R		2013-07-02	2015-09-03
	35. NETEASE INC A D R		2015-01-16	2015-09-03
	81. NEW YORK CMNTY BANCORP INC COM		2012-07-05	2015-09-03
	580. NIPPON TELEG & TEL CORP SPON ADR			2015-09-03
	122. NOVARTIS AG SPONSORED ADR		2015-01-16	2015-09-03
	157. NOVARTIS AG SPONSORED ADR			2015-09-03
	10474.437 NUVEEN REAL ESTATE SECS I		2011-12-02	2015-09-03
	3017.788 NUVEEN INFLATION PRO SEC CL I		2011-12-02	2015-09-03
	68. O REILLY AUTOMOTIVE INC		2012-07-05	2015-09-03
	153. PHILIP MORRIS INTL		2012-07-05	2015-09-03
	7. PHILIP MORRIS INTL		2015-01-16	2015-09-03
	49. PHILLIPS 66		2013-02-20	2015-09-03
	2686. PORSCHE AUTOMOBIL HLDG SE A D R		2012-07-05	2015-09-03
	19. T ROWE PRICE GROUP INC		2012-07-05	2015-09-03
	6. THE PRICELINE GROUP INC		2013-02-20	2015-09-03
	499. REPSOL S A SPONSORED ADR		2012-07-05	2015-09-03
	58. ROLLINS INC		2012-07-05	2015-09-03
	8. SAFRAN SA UNSPON A D R		2012-07-05	2015-09-03
	16. SAP AG SPONSORED ADR		2012-07-05	2015-09-03
	11. SCANSOURCE INC COM		2013-02-20	2015-09-03
	143. SCHNEIDER ELECT SE UNSP A D R		2012-07-05	2015-09-03
	169. SECOM COMPANY LIMITED A D R		2012-07-05	2015-09-03
	394. SEVEN I HLDGS UNSPN A D R		2013-10-22	2015-09-03
	24. SIGNATURE BK		2012-07-05	2015-09-03
	175. SKYWORKS SOLUTIONS INC		2012-07-05	2015-09-03
	14. SMITH A O CORP		2013-07-02	2015-09-03
	406. SONY CORP A D R		2015-01-16	2015-09-03
	1. STEPAN CO		2013-02-20	2015-09-03
	1. STEPAN CO		2015-01-16	2015-09-03
	103. STERICYCLE INC COMMON STOCK		2012-07-05	2015-09-03
	383. SWATCH GROUP AG A D R		2012-07-05	2015-09-03
	33. SYNOPSYS INC		2015-01-16	2015-09-03
	475. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2012-07-05	2015-09-03
	168. TEVA PHARMACEUTICALS INDS LTD ADR		2013-07-02	2015-09-03
	37. TIME WARNER CABLE INC		2012-07-05	2015-09-03
	15. TOKYO ELECTRON LTD ADR		2013-07-02	2015-09-03
	28. TOTO LTD		2012-07-05	2015-09-03
	57. TUPPERWARE BRANDS CORP		2013-10-22	2015-09-03
	29. TUPPERWARE BRANDS CORP		2015-01-16	2015-09-03
	47. UNILEVER N V A D R		2012-07-05	2015-09-03
	48. UTAH MED PRODS INC		2013-02-20	2015-09-03
	64. VARIAN MED SYS INC COM		2012-07-05	2015-09-03
	6. VERIZON COMMUNICATIONS		2014-02-24	2015-09-03
	60. VERISK ANALYTICS INC CL A COM		2012-07-05	2015-09-03
	59. VISA INC		2012-07-05	2015-09-03
	6. WABTEC CORP		2012-07-05	2015-09-03
	910. XINYUAN REAL ESTATE CO LTD A D R		2013-02-20	2015-09-03
	199. DAIMLERCHRYSLER AG COM		2012-07-05	2015-09-03
	156. NIELSEN HOLDINGS PLC		2015-01-16	2015-09-03
	52. PERRIGO CO LTD		2013-12-19	2015-09-03
	6. CHECK POINT SOFTWARE TECH LTD		2013-07-02	2015-09-03
	50. CORE LABS NV		2012-07-05	2015-09-03
	.8 ASTRONICS CORP CL B		2013-10-22	2015-11-13
	1. SIGMA ALDRICH CORP		2012-07-05	2015-11-18
	15. AAON INC		2013-02-20	2015-12-07
	553. AIA GROUP LTD ADR		2012-07-05	2015-12-07
	79. ABAXIS INC		2012-07-05	2015-12-07
	1. ABBOTT LABORATORIES		2012-07-05	2015-12-07
	112. AIR LIQUIDE S A A D R		2012-07-05	2015-12-07
	7. AIRGAS INC			2015-12-07
	1. ALPHABET INC CL C		2012-07-05	2015-12-07
	2. ALPHABET INC CL A		2012-07-05	2015-12-07
	266. AMADEUS IT HOLDING UNSP A D R		2012-07-05	2015-12-07
	38. AMERISOURCEBERGEN CORP		2012-07-05	2015-12-07
	1. ANHEUSER BUSCH INBEV NV A D R		2012-07-05	2015-12-07
	152. B G GROUP P L C A D R		2013-07-02	2015-12-07
	282. B G GROUP P L C A D R		2013-10-22	2015-12-07
	213. B G GROUP P L C A D R		2015-01-16	2015-12-07
	80. BALCHEM CORP		2013-02-20	2015-12-07
	115. BANK OF NEW YORK MELLON CORP		2013-10-22	2015-12-07
	31. BAYER AG A D R		2015-01-16	2015-12-07
	4. BLACKBAUD INC		2013-02-20	2015-12-07
	10. BRITISH AMER SPON ADR		2013-07-02	2015-12-07
	67. BRITISH AMER SPON ADR		2013-10-22	2015-12-07
	1. CVS CORP COM		2013-02-20	2015-12-07
	5. CAPGEMINI SA A D R		2013-02-20	2015-12-07
	96. CARNIVAL PLC A D R		2015-01-16	2015-12-07
	1. CHURCH AND DWIGHT CO INC		2012-07-05	2015-12-07
	374. COACH INC		2013-02-20	2015-12-07
	126. COACH INC		2015-01-16	2015-12-07
	1. COHEN STEERS INC		2015-01-16	2015-12-07
	85. CULLEN FROST BANKERS INC		2012-07-05	2015-12-07
	70. DASSAULT SYSTEMES SA A D R		2012-07-05	2015-12-07
	13. DIAGEO PLC SPONSORED ADR NEW		2012-07-05	2015-12-07
	61. DR REDDYS LABORATORIES LTD A D R			2015-12-07
	352. DELHAIZE GROUP SPONS A D R		2013-07-02	2015-12-07
	57. DELHAIZE GROUP SPONS A D R		2013-10-22	2015-12-07
	8. FASTENAL CO		2012-07-05	2015-12-07
	8. FIDELITY NATL INFORMATION SVCS INC		2012-07-05	2015-12-07
	27. FISERV INC COMMON STOCK		2012-07-05	2015-12-07
	134. FLOWERS FOODS INC		2013-02-20	2015-12-07
	373. FORRESTER RESH INC			2015-12-07
	467. FURMANITE CORPORATION			2015-12-07
	357. GEA GROUP AG SPON A D R		2012-07-05	2015-12-07
	46. GRAINGER W W INC		2012-07-05	2015-12-07
	1. GRAINGER W W INC		2015-01-16	2015-12-07
	327. HEINEKEN NV SPN A D R		2012-07-05	2015-12-07
	1. HIMAX TECHNOLOGIES INC A D R		2013-02-20	2015-12-07
	12. HITACHI LTD ADR 10 COM		2013-10-22	2015-12-07
	473. HOMEAWAY INC			2015-12-07
	254. HONDA MOTOR LTD ADR COMMON 50YEN		2015-09-03	2015-12-07
	275. HONG KONG EXCHANGES A D R			2015-12-07
	1. HONG KONG EXCHANGES A D R		2015-01-16	2015-12-07
	14. HORMEL FOODS CORP		2012-07-05	2015-12-07
	106. IMPERIAL OIL LTD		2012-07-05	2015-12-07
	128. INDUSTRIAS BACHOCO SAB DE CV A D R		2013-07-02	2015-12-07
	330. INFINEON TECHNOLOGIES A G A D R		2013-02-20	2015-12-07
	240. ITC HOLDINGS CORP		2012-07-05	2015-12-07
	60. J & J SNACK FOODS CORP		2013-02-20	2015-12-07
	128. J P MORGAN CHASE & CO		2012-07-05	2015-12-07
	44. KAO CORP A D R		2012-07-05	2015-12-07
	1. KOREA ELEC PWR CORP SPONSORED ADR		2015-01-16	2015-12-07
	40. LG DISPLAY CO LTD A D R		2013-07-02	2015-12-07
	72. LAKELAND INDUSTRIES INC		2013-02-20	2015-12-07
	37. LENNOX INTERNATIONAL INC		2015-01-16	2015-12-07
	71. MARKETAXESS HLDGS INC		2015-01-16	2015-12-07
	156. MARKS SPENCER PLC A D R		2012-07-05	2015-12-07
	51. MELCO CROWN ENTERTAINMENT LMTD A D R		2013-02-20	2015-12-07
	1. METTLER-TOLEDO INTL INC COM		2015-01-16	2015-12-07
	1. MICROCHIP TECHNOLOGY INC		2012-07-05	2015-12-07
	21. MIDDLEBY CORP COM		2015-01-16	2015-12-07
	14. MOTOROLA SOLUTIONS INC		2012-07-05	2015-12-07
	847. NTT DOCOMO INC A D R			2015-12-07
	38. NATIONAL PRESTO INDS INC		2013-02-20	2015-12-07
	4. NETEASE INC A D R		2015-01-16	2015-12-07
	48. NEW YORK CMNTY BANCORP INC COM		2012-07-05	2015-12-07
	372. NIPPON TELEG & TEL CORP SPON ADR		2013-07-02	2015-12-07
	37. NISSAN MTR LTD SPONSORED ADR		2012-07-05	2015-12-07
	562. NOKIAN TYRES OYJ UNSPON A D R		2012-07-05	2015-12-07
	145. NOVO-NORDISK A S SPONSORED ADR		2012-07-05	2015-12-07
	575.879 NUVEEN REAL ESTATE SECS I		2011-12-02	2015-12-07
	5201.845 NUVEEN REAL ESTATE SECS I		2015-05-14	2015-12-07
	146. OCEANEERING INTERNATIONAL INC			2015-12-07
	113. OCEANEERING INTERNATIONAL INC			2015-12-07
	77. OMEGA FLEX INC		2013-02-20	2015-12-07
	48. POWER INTEGRATIONS INC		2012-07-05	2015-12-07
	40. PROCTER & GAMBLE CO		2012-07-05	2015-12-07
	158. QUALCOMM INC		2012-07-05	2015-12-07
	222. REPSOL S A SPONSORED ADR		2012-07-05	2015-12-07
	11. ROPER INDS INC		2012-07-05	2015-12-07
	64. SANOFI-SYNTHELABO SPONSORED ADR		2013-02-20	2015-12-07
	139. SANOFI-SYNTHELABO SPONSORED ADR		2015-01-16	2015-12-07
	26. SAP AG SPONSORED ADR		2012-07-05	2015-12-07
	31. SCHEIN HENRY INC COMMON STOCK			2015-12-07
	845. SCHNEIDER ELECT SE UNSP A D R		2012-07-05	2015-12-07
	91. SECOM COMPANY LIMITED A D R		2012-07-05	2015-12-07
	24. SHIRE PHARMACEUTICALS GR SPONSORED ADR		2013-10-22	2015-12-07
	1. SHIRE PHARMACEUTICALS GR SPONSORED ADR		2015-09-03	2015-12-07
	24. SIGNATURE BK		2012-07-05	2015-12-07
	171. SILICONWARE PRECISION IND CO A D R		2012-07-05	2015-12-07
	165. SIRONA DENTAL SYS INC		2013-02-20	2015-12-07
	19. SKY PLC SPN A D R		2015-01-16	2015-12-07
	53. SONY CORP A D R		2015-01-16	2015-12-07
	1136. SUMITOMO MITSUI FINL GROUP A D R		2013-02-20	2015-12-07
	84. TEVA PHARMACEUTICALS INDS LTD ADR		2013-07-02	2015-12-07
	59. TIME WARNER CABLE INC		2012-07-05	2015-12-07
	59. TOKYO ELECTRON LTD ADR		2013-07-02	2015-12-07
	113. TOYOTA MTR CORP COM (ADR 2)		2015-09-03	2015-12-07
	24. TOYOTA MTR CORP COM (ADR 2)		2013-02-20	2015-12-07
	4. TUPPERWARE BRANDS CORP		2015-01-16	2015-12-07
	74. UNILEVER N V A D R		2012-07-05	2015-12-07
	152. VARIAN MED SYS INC COM		2012-07-05	2015-12-07
	271. WNS HOLDINGS LTD ADR			2015-12-07
	71. WOLVERINE WORLD WIDE INC		2015-01-16	2015-12-07
	304. WOLVERINE WORLD WIDE INC			2015-12-07
	582. XINYUAN REAL ESTATE CO LTD A D R		2013-02-20	2015-12-07
	170. CHECK POINT SOFTWARE TECH LTD		2013-07-02	2015-12-07
	1. QIAGEN NV ORD		2012-07-05	2015-12-07
	1. KANSAS CITY LIFE INS CO		2015-01-16	2015-12-17
	1201. B G GROUP P L C A D R		2015-01-16	2016-03-02
	14223.686 ROWE T PRICE INTL FDS INC INTL BD FD		2011-12-02	2016-03-03
	.147 DENTSPLY SIRONA INC		2015-01-16	2016-03-30
	.11 TOOTSIE ROLL INDS		2015-01-16	2016-04-14
	5. JARDEN CORP COM		2015-12-07	2016-04-18
	219. JARDEN CORP COM		2013-02-20	2016-04-18
	4. CONTRA INTERCONTINENTAL A D R		2015-01-16	2016-05-09
	229. CONTRA INTERCONTINENTAL A D R		2015-12-07	2016-05-09
	.1666 INTERCONTINENTAL HOTELS GROUP A D R		2015-01-16	2016-06-03
	.088 NEWELL RUBBERMAID INC		2013-02-20	2016-06-20
	113. AAON INC		2013-02-20	2016-07-19
	1117. ACCOR SA SPONSORED A D R			2016-07-19
	21. ACCOR SA SPONSORED A D R		2015-01-16	2016-07-19
	222. ADIDAS AG A D R		2015-09-03	2016-07-19
	45. ALLIANCE DATA SYSTEMS CORP			2016-07-19
	163. ANSYS INC COMMON STOCK		2012-07-05	2016-07-19
	69. APTAR GROUP INC		2012-07-05	2016-07-19
	436. BARCLAYS PLC A D R		2013-10-22	2016-07-19
	91. BARCLAYS PLC A D R		2015-01-16	2016-07-19
	86. BOEING COMPANY		2015-01-16	2016-07-19
	106. CSL LIMITED A D R		2012-07-05	2016-07-19
	1. CVS CORP COM		2013-02-20	2016-07-19
	125. CHUNGHWA TELECOM CO LTD A D R		2013-10-22	2016-07-19
	255. CHUNGHWA TELECOM CO LTD A D R		2015-01-16	2016-07-19
	221. CHUNGHWA TELECOM CO LTD A D R		2015-09-03	2016-07-19
	15. CHURCH AND DWIGHT CO INC		2012-07-05	2016-07-19
	196. CLARCOR INC		2013-10-22	2016-07-19
	1. CLARCOR INC		2015-09-03	2016-07-19
	2. CLARCOR INC		2015-12-07	2016-07-19
	245. COACH INC		2015-01-16	2016-07-19
	123. COACH INC		2015-09-03	2016-07-19
	53. COGNEX CORP		2015-12-07	2016-07-19
	1. COLGATE-PALMOLIVE CO COM		2015-01-16	2016-07-19
	6810.865 COLUMBIA INCOME FD CL Z		2014-09-30	2016-07-19
	28569.025 COLUMBIA INCOME FD CL Z		2015-12-23	2016-07-19
	24. CULLEN FROST BANKERS INC		2012-07-05	2016-07-19
	126. CUMMINS INC		2012-07-05	2016-07-19
	6. CUMMINS INC		2015-09-03	2016-07-19
	447. DENSO CORPORATION A D R		2015-01-16	2016-07-19
	223. DENTSPLY SIRONA INC			2016-07-19
	45. DR REDDYS LABORATORIES LTD A D R		2013-10-22	2016-07-19
	57. E M C CORP MASS		2012-07-05	2016-07-19
	13. ELLIE MAE INC		2015-01-16	2016-07-19
	322. EMBRAER SA A D R		2015-09-03	2016-07-19
	1. EMERSON ELECTRIC CO		2012-07-05	2016-07-19
	1. EQUIFAX INC		2013-07-02	2016-07-19
	15. EQUIFAX INC		2013-10-22	2016-07-19
	113. EXPRESS SCRIPTS HLDGS C		2012-07-05	2016-07-19
	3. FLIR SYSTEMS INC		2013-02-20	2016-07-19
	34. FIDELITY NATL INFORMATION SVCS INC		2012-07-05	2016-07-19
	126. GLAXO SMITHKLINE P L C A D R		2015-09-03	2016-07-19
	4. GLAXO SMITHKLINE P L C A D R		2015-01-16	2016-07-19
	120. GRACO INC		2015-01-16	2016-07-19
	144. GRANITE CONSTRUCTION INC		2013-02-20	2016-07-19
	95. HONDA MOTOR LTD ADR COMMON 50YEN		2015-09-03	2016-07-19
	56. HONG KONG TELEVISION NE A D R		2013-02-20	2016-07-19
	59. HOOKER FURNITURE CORP		2015-01-16	2016-07-19
	242. HUB GROUP INC		2015-01-16	2016-07-19
	1. HUBBELL INC		2013-02-20	2016-07-19
	1395. ICICI BANK LTD A D R		2012-07-05	2016-07-19
	132. IDEXX CORP COM			2016-07-19
	99. IMPERIAL OIL LTD			2016-07-19
	39. IMPERIAL OIL LTD		2015-09-03	2016-07-19
	70. INDUSTRIAS BACHOCO SAB DE CV A D R		2013-07-02	2016-07-19
	190.8333 INTERCONTINENTAL HOTELS GROUP A D R		2015-12-07	2016-07-19
	3.1667 INTERCONTINENTAL HOTELS GROUP A D R		2015-01-16	2016-07-19
	1. INTL FLAVORS FRAGRANCES		2015-09-03	2016-07-19
	278.733 KINDER MORGAN INC			2016-07-19
	90.267 KINDER MORGAN INC			2016-07-19
	1. LSB INDS INC		2015-09-03	2016-07-19
	16. LSB INDS INC		2015-01-16	2016-07-19
	199. LANNETT CO INC			2016-07-19
	1. LIXIL GROUP CORP A D R		2015-12-07	2016-07-19
	261. M T BANK CORP			2016-07-19
	23. MACYS INC		2015-09-03	2016-07-19
	147. MACYS INC		2015-01-16	2016-07-19
	188. MARKETAXESS HLDGS INC		2015-01-16	2016-07-19
	1. MASTEC INC		2015-01-16	2016-07-19
	68. MERCADOLIBRE INC		2013-02-20	2016-07-19
	7. METTLER-TOLEDO INTL INC COM		2015-01-16	2016-07-19
	6. MOBILE MINI INC		2012-07-05	2016-07-19
	36. MONRO MUFFLER BRAKE INC		2013-02-20	2016-07-19
	43. MORNINGSTAR INC		2013-02-20	2016-07-19
	252. NTT DOCOMO INC A D R		2013-10-22	2016-07-19
	98. NTT DOCOMO INC A D R		2015-01-16	2016-07-19
	308. NATIONAL-OILWELL INC			2016-07-19
	353. NATIONAL-OILWELL INC			2016-07-19
	157. NEWELL RUBBERMAID INC		2013-02-20	2016-07-19
	119. NOVARTIS AG SPONSORED ADR		2015-01-16	2016-07-19
	140. NOVO-NORDISK A S SPONSORED ADR		2012-07-05	2016-07-19
	280. OMEGA FLEX INC			2016-07-19
	90. PEARSON P L C A D R		2015-09-03	2016-07-19
	62. POLARIS INDS INC		2015-01-16	2016-07-19
	147. POOL CORPORATION		2013-02-20	2016-07-19
	30237.251 PRINCIPAL GL R E SEC INS			2016-07-19
	247. QUALCOMM INC		2012-07-05	2016-07-19
	40. SANDS CHINA LTD UNSPONS A D R		2015-09-03	2016-07-19
	69. SANDS CHINA LTD UNSPONS A D R		2015-01-16	2016-07-19
	490. SEVEN I HLDGS UNSPN A D R			2016-07-19
	114. STURM RUGER CO INC		2013-02-20	2016-07-19
	427. SUMITOMO MITSUI FINL GROUP A D R		2013-02-20	2016-07-19
	623. SUMITOMO MITSUI FINL GROUP A D R		2013-07-02	2016-07-19
	474. SUMITOMO MITSUI FINL GROUP A D R		2013-10-22	2016-07-19
	8. SYNOPSYS INC		2015-01-16	2016-07-19
	1. SYNGENTA AG ADR		2015-12-07	2016-07-19
	105. SYNGENTA AG ADR		2012-07-05	2016-07-19
	483. SYSMEX CORP UNSPON A D R		2012-07-05	2016-07-19
	123. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2012-07-05	2016-07-19
	220. TEVA PHARMACEUTICALS INDS LTD ADR		2013-07-02	2016-07-19
	95. TEXAS ROADHOUSE INC			2016-07-19
	646. TORAY INDUSTRIES INC A D R		2015-01-16	2016-07-19
	12. TOYOTA MTR CORP COM (ADR 2)		2013-02-20	2016-07-19
	104. TRINITY BIOTECH PLC SPON A D R		2013-02-20	2016-07-19
	76. UTAH MED PRODS INC		2013-02-20	2016-07-19
	32. WACOAL HOLDINGS CORP ADR		2013-02-20	2016-07-19
	43. WELLS FARGO & CO NEW		2012-07-05	2016-07-19
	120. WESTPAC BANKING COPR SPON ADR		2013-10-22	2016-07-19
	16. WESTPAC BANKING COPR SPON ADR		2015-01-16	2016-07-19
	111. WILLIAMS SONOMA INC		2015-01-16	2016-07-19
	54. WILLIAMS SONOMA INC		2015-12-07	2016-07-19
	92. XINYI GLASS HOLDINGS LTS A D R			2016-07-19
	1. EATON CORP PLC		2012-11-30	2016-07-19
	50. PERRIGO CO LTD		2013-12-19	2016-07-19
	18. CHUBB LTD		2013-07-02	2016-07-19
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	19	19
b	931	735	196
c	6,848	5,843	1,005
d	13,129	7,359	5,770
e	1,593	810	783
	72	86	-14
	6,380	8,042	-1,662
	3,404	1,349	2,055
	1,288	729	559
	1,315	1,240	75
	57	38	19
	3,847	3,100	747
	7,436	7,912	-476
	470	341	129
	23,731	23,605	126
	1,031	720	311
	6,805	2,649	4,156
	6,466	5,997	469
	173	99	74
	8,402	7,469	933
	4,590	3,518	1,072
	445	528	-83
	6,749	7,597	-848
	546	249	297
	172	114	58
	10,392	4,987	5,405
	5,214	6,456	-1,242
	62	58	4
	14,695	8,857	5,838
	1,016	638	378
	1,145	689	456
	106,044	106,626	-582
	13,797	8,206	5,591
	7,817	5,474	2,343
	8,010	6,986	1,024
	8,307	10,796	-2,489
	1,965	1,552	413
	4,320	3,649	671
	4,464	2,100	2,364
	2,426	1,193	1,233
	1,053	705	348
	4,997	3,264	1,733
	13,453	7,467	5,986
	700	863	-163
	13,877	18,973	-5,096
	7,813	9,121	-1,308
	1,464	731	733
	586	567	19
	10,123	5,847	4,276
	7,532	8,040	-508
	3,535	1,846	1,689
	4,788	4,958	-170
	641	583	58
	1,246	1,479	-233
	4,044	2,282	1,762
	8,751	10,146	-1,395
	171	96	75
	4,843	2,747	2,096
	3,130	3,333	-203
	10,032	11,252	-1,220
	12,315	9,468	2,847
	1,842	2,066	-224
	4,928	3,474	1,454
	917	675	242
	33	14	19
	520	387	133
	11,543	8,633	2,910
	3,835	3,794	41
	1,408	1,042	366
	22,473	13,852	8,621
	11,637	12,290	-653
	14,976	8,953	6,023
	230,228	190,114	40,114
	32,894	35,043	-2,149
	16,208	5,902	10,306
	12,139	13,597	-1,458
	555	577	-22
	3,839	3,145	694
	17,942	13,887	4,055
	1,334	1,193	141
	7,466	4,190	3,276
	6,667	7,994	-1,327
	1,647	875	772
	150	71	79
	1,063	945	118
	406	337	69
	1,760	1,612	148
	2,613	1,964	649
	8,215	7,427	788
	3,141	1,480	1,661
	14,997	4,855	10,142
	923	523	400
	10,257	8,384	1,873
	43	64	-21
	43	38	5
	14,647	9,572	5,075
	7,319	7,564	-245
	1,560	1,394	166
	9,505	6,498	3,007
	10,772	6,576	4,196
	6,937	3,045	3,892
	196	189	7
	784	413	371
	2,969	5,361	-2,392
	1,511	1,778	-267
	1,865	1,575	290
	2,506	2,024	482
	5,183	3,939	1,244
	274	289	-15
	4,411	3,010	1,401
	4,149	1,873	2,276
	563	236	327
	2,584	4,356	-1,772
	15,820	9,041	6,779
	7,081	6,661	420
	9,254	7,915	1,339
	469	300	169
	5,831	5,769	62
	30	36	-6
	140	74	66
	365	160	205
	13,786	7,836	5,950
	4,253	3,126	1,127
	46	31	15
	2,608	2,298	310
	964	758	206
	766	298	468
	1,561	600	961
	11,010	5,387	5,623
	3,795	1,508	2,287
	130	79	51
	2,263	2,566	-303
	4,199	5,660	-1,461
	3,172	2,818	354
	5,459	3,066	2,393
	5,036	3,638	1,398
	3,995	4,459	-464
	258	112	146
	1,156	1,044	112
	7,744	7,374	370
	96	52	44
	235	123	112
	5,077	4,372	705
	87	57	30
	11,265	18,138	-6,873
	3,795	4,539	-744
	31	46	-15
	5,768	4,943	825
	5,724	3,297	2,427
	1,491	1,336	155
	2,892	2,369	523
	8,578	5,412	3,166
	1,389	892	497
	319	331	-12
	518	277	241
	2,564	983	1,581
	3,000	2,505	495
	11,697	10,326	1,371
	3,592	3,647	-55
	14,662	9,960	4,702
	9,085	8,871	214
	198	238	-40
	14,468	8,541	5,927
	8	3	5
	713	760	-47
	16,952	12,432	4,520
	8,293	7,868	425
	7,260	4,305	2,955
	26	23	3
	1,085	427	658
	3,235	4,527	-1,292
	6,439	4,429	2,010
	4,930	2,950	1,980
	9,266	5,643	3,623
	6,923	4,201	2,722
	8,642	4,434	4,208
	2,204	1,214	990
	20	18	2
	436	477	-41
	1,012	364	648
	4,976	3,482	1,494
	8,030	5,116	2,914
	2,317	1,605	712
	794	975	-181
	339	291	48
	47	30	17
	2,305	1,986	319
	1,001	677	324
	16,398	13,490	2,908
	3,272	2,875	397
	705	434	271
	803	617	186
	14,084	9,642	4,442
	757	696	61
	10,627	11,195	-568
	8,311	4,281	4,030
	13,602	10,452	3,150
	122,868	124,168	-1,300
	5,842	9,532	-3,690
	4,521	5,557	-1,036
	3,029	1,185	1,844
	2,488	1,872	616
	3,112	2,461	651
	8,251	8,960	-709
	2,622	3,556	-934
	2,069	1,095	974
	2,795	3,150	-355
	6,071	6,474	-403
	2,059	1,536	523
	4,896	2,865	2,031
	10,196	9,526	670
	1,556	1,057	499
	4,921	2,929	1,992
	205	223	-18
	3,785	1,480	2,305
	1,182	943	239
	18,557	11,689	6,868
	1,282	1,065	217
	1,338	1,094	244
	8,656	9,403	-747
	5,534	3,288	2,246
	10,860	4,856	6,004
	964	745	219
	14,110	13,535	575
	2,997	2,480	517
	223	245	-22
	3,241	2,479	762
	12,135	9,356	2,779
	8,189	5,121	3,068
	1,255	1,953	-698
	5,372	8,623	-3,251
	1,967	2,786	-819
	14,751	8,513	6,238
	27	17	10
	53	48	5
	18,246	15,889	2,357
	122,039	141,149	-19,110
	9	7	2
	4	3	1
	296	240	56
	4,599		4,599
	25		25
	1,447		1,447
	6	8	-2
	4	3	1
	3,126	1,209	1,917
	9,103	8,067	1,036
	171	191	-20
	16,141	8,309	7,832
	9,607	8,681	926
	14,698	10,523	4,175
	5,465	3,631	1,834
	3,427	7,759	-4,332
	715	1,241	-526
	11,577	11,206	371
	4,556	2,131	2,425
	96	52	44
	4,569	3,877	692
	9,320	7,600	1,720
	8,077	6,689	1,388
	1,502	852	650
	12,054	11,525	529
	62	55	7
	123	100	23
	10,523	8,825	1,698
	5,283	3,678	1,605
	2,284	1,980	304
	74	69	5
	69,675	69,130	545
	292,261	270,834	21,427
	1,633	1,396	237
	14,679	12,610	2,069
	699	722	-23
	8,135	10,156	-2,021
	13,946	9,924	4,022
	2,413	1,790	623
	1,599	1,447	152
	1,241	550	691
	6,791	8,143	-1,352
	56	46	10
	134	59	75
	2,011	929	1,082
	8,900	6,191	2,709
	98	81	17
	2,614	1,179	1,435
	5,500	5,123	377
	175	174	1
	9,535	9,070	465
	7,024	5,312	1,712
	2,508	2,943	-435
	198	371	-173
	1,368	1,027	341
	9,671	8,226	1,445
	107	94	13
	10,937	9,341	1,596
	12,392	6,981	5,411
	3,134	4,210	-1,076
	1,235	1,294	-59
	3,751	2,422	1,329
	7,376	9,007	-1,631
	122	150	-28
	132	110	22
	6,052	9,229	-3,177
	1,960	2,557	-597
	13	25	-12
	208	496	-288
	5,689	9,343	-3,654
	34	46	-12
	30,850	29,785	1,065
	802	1,368	-566
	5,127	9,276	-4,149
	28,418	13,548	14,870
	24	19	5
	10,096	5,783	4,313
	2,679	2,036	643
	219	86	133
	2,255	1,422	833
	3,597	3,019	578
	6,761	4,046	2,715
	2,629	1,604	1,025
	10,176	12,196	-2,020
	11,663	21,136	-9,473
	7,544	4,871	2,673
	9,692	11,988	-2,296
	7,675	4,133	3,542
	9,843	5,858	3,985
	1,137	1,530	-393
	5,335	8,502	-3,167
	14,084	6,902	7,182
	288,766	268,891	19,875
	13,573	14,007	-434
	1,408	1,327	81
	2,428	3,336	-908
	10,334	8,904	1,430
	7,665	6,119	1,546
	2,571	3,535	-964
	3,751	5,950	-2,199
	2,854	4,766	-1,912
	437	338	99
	77	74	3
	8,128	7,125	1,003
	16,977	4,912	12,065
	3,342	1,683	1,659
	11,803	8,611	3,192
	4,387	2,452	1,935
	11,466	10,633	833
	1,299	1,240	59
	1,108	1,783	-675
	5,059	3,205	1,854
	1,691	1,625	66
	2,076	1,431	645
	2,692	4,001	-1,309
	359	437	-78
	5,901	8,439	-2,538
	2,871	3,430	-559
	1,334	1,648	-314
	63	51	12
	4,633	7,610	-2,977
	2,308	1,611	697
			21,585

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			196
c			1,005
d			5,770
e			783
			-14
			-1,662
			2,055
			559
			75
			19
			747
			-476
			129
			126
			311
			4,156
			469
			74
			933
			1,072
			-83
			-848
			297
			58
			5,405
			-1,242
			4
			5,838
			378
			456
			-582
			5,591
			2,343
			1,024
			-2,489
			413
			671
			2,364
			1,233
			348
			1,733
			5,986
			-163
			-5,096
			-1,308
			733
			19
			4,276
			-508
			1,689
			-170
			58
			-233
			1,762
			-1,395
			75
			2,096
			-203
			-1,220
			2,847
			-224
			1,454
			242
			19
			133
			2,910
			41
			366
			8,621
			-653
			6,023
			40,114
			-2,149
			10,306
			-1,458
			-22
			694
			4,055
			141
			3,276
			-1,327
			772
			79
			118
			69
			148
			649
			788
			1,661
			10,142
			400
			1,873
			-21
			5
			5,075
			-245
			166
			3,007
			4,196
			3,892
			7
			371
			-2,392
			-267
			290
			482
			1,244
			-15
			1,401
			2,276
			327
			-1,772
			6,779
			420
			1,339
			169
			62
			-6
			66
			205
			5,950
			1,127
			15
			310
			206
			468
			961
			5,623
			2,287
			51
			-303
			-1,461
			354
			2,393
			1,398
			-464
			146
			112
			370
			44
			112
			705
			30
			-6,873
			-744
			-15
			825
			2,427
			155
			523
			3,166
			497
			-12
			241
			1,581
			495
			1,371
			-55
			4,702
			214
			-40
			5,927
			5
			-47
			4,520
			425
			2,955
			3
			658
			-1,292
			2,010
			1,980
			3,623
			2,722
			4,208
			990
			2
			-41
			648
			1,494
			2,914
			712
			-181
			48
			17
			319
			324
			2,908
			397
			271
			186
			4,442
			61
			-568
			4,030
			3,150
			-1,300
			-3,690
			-1,036
			1,844
			616
			651
			-709
			-934
			974
			-355
			-403
			523
			2,031
			670
			499
			1,992
			-18
			2,305
			239
			6,868
			217
			244
			-747
			2,246
			6,004
			219
			575
			517
			-22
			762
			2,779
			3,068
			-698
			-3,251
			-819
			6,238
			10
			5
			2,357
			-19,110
			2
			1
			56
			4,599
			25
			1,447
			-2
			1
			1,917
			1,036
			-20
			7,832
			926
			4,175
			1,834
			-4,332
			-526
			371
			2,425
			44
			692
			1,720
			1,388
			650
			529
			7
			23
			1,698
			1,605
			304
			5
			545
			21,427
			237
			2,069
			-23
			-2,021
			4,022
			623
			152
			691
			-1,352
			10
			75
			1,082
			2,709
			17
			1,435
			377
			1
			465
			1,712
			-435
			-173
			341
			1,445
			13
			1,596
			5,411
			-1,076
			-59
			1,329
			-1,631
			-28
			22
			-3,177
			-597
			-12
			-288
			-3,654
			-12
			1,065
			-566
			-4,149
			14,870
			5
			4,313
			643
			133
			833
			578
			2,715
			1,025
			-2,020
			-9,473
			2,673
			-2,296
			3,542
			3,985
			-393
			-3,167
			7,182
			19,875
			-434
			81
			-908
			1,430
			1,546
			-964
			-2,199
			-1,912
			99
			3
			1,003
			12,065
			1,659
			3,192
			1,935
			833
			59
			-675
			1,854
			66
			645
			-1,309
			-78
			-2,538
			-559
			-314
			12
			-2,977
			697

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	393,849
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	441,257	9,608,311	0.045925
2013	499,534	9,706,029	0.051466
2012	514,549	9,243,118	0.055668
2011	553,293	9,080,210	0.060934
2010	607,981	9,474,405	0.064171

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

20.278164

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 . . .

0.055633

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

8,856,999

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

492,741

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

4,847

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

497,588

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

473,884

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	9,694
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	9,694
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	9,694
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	8,929
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	8,929
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9	765
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

US BANK Telephone no. bullet

(503) 464-3580

Located at bullet

PO BOX 0634MILWAUKEEWI ZIP+4 bullet

53201

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
US BANK	TRUSTEE 1	125,093
PO BOX 3168 PORTLAND,OR97208	TRUSTEE 1	125,093

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

8,735,423

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

256,454

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

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

8,991,877

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

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

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

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

8,991,877

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

instructions) .............................

134,878

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

8,856,999

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

442,850

Part XI

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

and do not complete this part.)

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

442,850

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

9,694

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

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

9,694

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

433,156

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

44,331

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

477,487

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

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

477,487

Part XII

Qualifying Distributions (see instructions)

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

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

473,884

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

473,884

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

473,884

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					477,487
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......	118,768
b From 2011......	110,291
c From 2012......	54,628
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		283,687
4Qualifying distributions for 2015 from Part
XII, line 4: $ 473,884
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.....					473,884
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		3,603			3,603
(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		280,084
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) ...		115,165
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		164,919
10 Analysis of line 9:
a Excess from 2011....	110,291
b Excess from 2012....	54,628
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

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

WILLIAM DOLAN
US BANK - PO BOX 3168
PORTLAND,OR97208
(503) 464-4909

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

CONTACT ABOVE

cAny submission deadlines:

APRIL 1

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

GRADUATES OF GRESHAM, BARLOW, REYNOLDS OR CENTENNIAL HIGH SCHOOLS.

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE ART INSTITUTE OF PORTLAND 1122 NW DAVIS ST PORTLAND,OR97209	NONE	PC	SCHOLARSHIP	4,000
BOISE STATE UNIVERSITY OFFICE OF FINANCIAL AID 1910 UNIVERSITY DRIVE BOISE,ID83725	NONE	PC	SCHOLARSHIP	2,000
CONCORDIA UNIVERSITY OFFICE OF FINANCIAL AID 2811 NE HOLMAN ST PORTLAND,OR97211	NONE	PC	SCHOLARSHIP	20,000
CORBAN UNIVERSITY 5000 DEER PARK DR SE SALEM,OR97317	NONE	PC	SCHOLARSHIP	2,000
EASTERN OREGON UNIV OFFICE OF FINANCIAL AID ONE UNIVERSITY BLVD LA GRANDE,OR97850	NONE	PC	SCHOLARSHIP	4,000
GEORGE FOX UNIVERSITY OFFICE OF FINANCIAL AID 414 N MERIDIAN ST 6129 NEWBERG,OR97132	NONE	PC	SCHOLARSHIP	16,000
GONZAGA UNIVERSITY OFFICE OF FINANCIAL AID 502 E BOONE AVE SPOKANE,WA99258	NONE	PC	SCHOLARSHIP	8,000
HARDING UNIVERSITY OFFICE OF FINANCIAL AID BOX 12282 SEARCY,AZ72149	NONE	PC	SCHOLARSHIP	2,000
LANE COMMUNITY COLLEGE FINANCIAL AID OFFICE 4000 E 30TH AVE EUGENE,OR97405	NONE	PC	SCHOLARSHIP	2,000
LINFIELD COLLEGE OFFICE OF FINANCIAL AID 900 SE BAKER ST MCMINNVILLE,OR97128	NONE	PC	SCHOLARSHIP	6,000
MONTANA STATE UNIVERSITY FINANCIAL AID OFFICE PO BOX 174160 BOZEMAN,MT59717	NONE	PC	SCHOLARSHIP	2,000
MT HOOD COMMUNITY COLLEGE OFFICE OF FINANCIAL AID 26000 SE STARK ST GRESHAM,OR97030	NONE	PC	SCHOLARSHIP	42,666
MULTNOMAH UNIVERSITY FINANCIAL AID OFFICE 8435 NE GLISAN ST PORTLAND,OR97220	NONE	PC	SCHOLARSHIP	2,000
OREGON INSTITUTE OF TECHNOLOGY OFFICE OF FINANCIAL AID 3201 CAMPUS DRIVE KLAMATH FALLS,OR97601	NONE	PC	SCHOLARSHIP	4,000
OREGON STATE UNIVERSITY OFFICE OF FINANCIAL AID 218 KERR ADMIN BLDG CORVALLIS,OR97331	NONE	PC	SCHOLARSHIP	104,000
PACIFIC LUTHERN UNIVERSITY OFFICE OF FINANCIAL AID 12180 PARK AVE S TACOMA,WA98447	NONE	PC	SCHOLARSHIP	2,000
PACIFIC UNIVERSITY OFFICE OF FINANCIAL AID 2043 COLLEGE WAY FOREST GROVE,OR97116	NONE	PC	SCHOLARSHIP	2,000
PORTLAND COMM COLLEGE PO BOX 19000 PORTLAND,OR97280	NONE	PC	SCHOLARSHIP	15,333
PORTLAND STATE UNIVERSITY FINANCIAL AID OFFICE PO BOX 851 PORTLAND,OR97207	NONE	PC	SCHOLARSHIP	62,000
SEATTLE PACIFIC UNIV OFFICE OF FINANCIAL AID 3307 3RD AVE WEST SEATTLE,WA98119	NONE	PC	SCHOLARSHIP	2,000
STANFORD UNIVERSITY OFFICE OF FINANCIAL AID 355 GALVEZ ST STANFORD,CA94305	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF PORTLAND OFFICE OF FINANCIAL AID 5000 N WILLAMETTE BLVD PORTLAND,OR97203	NONE	PC	SCHOLARSHIP	16,000
UNIVERSITY OF PUGET SOUND 1500 N WARNER ST CMB 1039 TACOMA,WA98416	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF OREGON OFFICE OF FINANCIAL AID 1278 UNIVERSITY OF OREGON EUGENE,OR97403	NONE	PC	SCHOLARSHIP	44,000
WARNER PACIFIC COLLEGE OFFICE OF FINANCIAL AID 2219 SE 68TH AVE PORTLAND,OR97215	NONE	PC	SCHOLARSHIP	8,000
WESTERN OREGON UNIVERSITY OFFICE OF FINANCIAL AID 345 N MONMOUTH AVE MONMOUTH,OR97361	NONE	PC	SCHOLARSHIP	22,000
WHITWORTH UNIVERSITY OFFICE OF FINANCIAL AID 300 W HAWTHORNE RD SPOKANE,WA99251	NONE	PC	SCHOLARSHIP	4,000
WILLAMETTE UNIVERSITY OFFICE OF FINANCIAL AID 900 STATE STREET SALEM,OR97301	NONE	PC	SCHOLARSHIP	4,000
WHEATON COLLEGE 501 COLLEGE AVE WHEATEN,IL60187	NONE	PC	SCHOLARSHIP	2,000
OREGON COAST COMMUNITY COLLEGE 400 SE COLLEGE WAY NEWPORT,OR97366	NONE	PC	SCHOLARSHIP	2,000
SYRACUSE UNIVERSITY OFFICE OF FINANCIAL AID 200 ARCHBOLD NORTH SYRACUSE,NY13244	NONE	PC	SCHOLARSHIP	2,000
AZUSA PACIFIC UNIVERSITY OFFICE OF FINANCIAL AID PO BOX 7000 AZUSA,CA91702	NONE	PC	SCHOLARSHIP	2,000
NEW YORK UNIVERSITY OFFICE OF FINANCIAL AID 726 BROADWAY 9TH FLOOR NEW YORK,NY10013	NONE	PC	SCHOLARSHIP	2,000
SEATTLE UNIVERSITY OFFICE OF FINANCIAL AID 901 12TH AVE SEATTLE,WA98122	NONE	PC	SCHOLARSHIP	2,000
THE BOSTON CONSERVATORY OFFICE OF FINANCIAL AID 8 THE FENWAY BOSTON,MA02215	NONE	PC	SCHOLARSHIP	2,000
BROWN UNIVERSITY OFFICE OF FINANCIAL AID 164 ANGELL ST PROVIDENCE,RI02912	NONE	PC	SCHOLARSHIP	2,000
CALIFORNIA STATE UNIVERSITY EAST BAY 25800 CARLOS BEE BLVD HAYWARD,CA94542	NONE	PC	SCHOLARSHIP	2,000
NORTHWEST UNIVERSITY OFFICE OF FINANCIAL AID PO BOX 579 KIRKLAND,WA98083	NONE	PC	SCHOLARSHIP	2,000
SANTA CLARA UNIVERSITY 500 EL CAMINO REAL SANTA CLARA,CA95053	NONE	PC	SCHOLARSHIP	2,000
CHEMEKETA COMMUNITY COLLEGE 400 LANCASTER DR NE SALEM,OR97305	NONE	PC	SCHOLARSHIP	2,000
DARTMOUTH COLLEGE 6024 MCNUTT HALL HANOVER,NH03755	NONE	PC	SCHOLARSHIP	2,000
COLORADO COLLEGE 14 EAST CAHE LA POUDRE ST COLORADO SPRINGS,CO80903	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF SOUTHERN CALIFORNIA 700 CHILDS WAY LOS ANGELES,CA97850	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF NOTRE DAME 220 MAIN BUILDING NOTRE DAME,IN46556	NONE	PC	SCHOLARSHIP	2,000
IDAHO STATE UNIVERSITY 741 SOUTH 7TH AVE POCATELLO,ID83209	NONE	PC	SCHOLARSHIP	2,000
NORTHWESTERN UNIVERSITY OFFICE OF FINANCIAL AID EVANSTON,IL60208	NONE	PC	SCHOLARSHIP	2,000
TEXAS CHRISTIAN UNIV FINANCIAL AID OFFICE FORT WORTH,TX76129	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF ILLINOIS 620 E JOHN STREET CHAMPAIGN,IL61820	NONE	PC	SCHOLARSHIP	2,000
UNIVERSITY OF ALASKA SOUTHEAST ATTN SCHOLARSHIPS JUNEAU,AK99801	NONE	PC	SCHOLARSHIP	2,000
LEWIS AND CLARK COLLEGE ATTN SCHOLARSHIPS PORTLAND,OR97219	NONE	PC	SCHOLARSHIP	2,000
GRAND CANYON UNIVERSITY BUILDING 25 PHOENIX,AZ85017	NONE	PC	SCHOLARSHIP	4,000
Total ................................. 3a				453,999

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	216,007
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	393,849
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aPY FEDERAL TAX REF			1	6,509
bRETURN OF PY SCHOL			1	44,331
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				660,696

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

13660,696

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	3,000			3,000

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMER CENT DIVERSIFIED BOND	590,644	592,999
NUVEEN HIGH INCOME BOND FD	473,186	421,714
T ROWE PRICE INTL BOND FD #76	779,894	767,887
DRIEHAUS ACTIVE INCOME FD #640	552,156	531,568
NUVEEN INFLATION PRO SEC	439,118	446,903
COLUMBIA INCOME FD CL Z	104,014	112,243
DOUBLELINE TOTAL RET BD I	409,348	408,475

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

DALE KRUEGER SCHOLARSHIP 97350810

EIN:

93-6331222

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SONOVA HLDG UNSPON ADR	11,977	16,938
ABAXIS INC	20,788	22,603
ABBOTT LABORATORIES
AMERICAN EXPRESS CO	60	64
AMERISOURCESBERGEN CORP
ANSYS INC	10,594	12,868
APPLE INC	65,939	74,510
APTAR GROUP INC	15,718	20,640
ATT INC	14,973	18,442
BEACON ROOFING SUPPLY INC	26	47
BERKSHIRE HATHAWAY INC	28,349	46,743
BLACKROCK INC	5,665	12,086
BUCKLE INC	4,306	3,369
CABOT MICROELECTRONICS CORP	3,389	5,946
CACI INTERNATIONAL INC	228	381
CATERPILLAR INC
CHEMED CORP	62	147
CHEVRON CORP	16,364	15,782
CHURCH AND DWIGHT CO INC	8,288	14,343
COCA COLA COMPANY	431	480
COGNIZANT TECH SOLUTIONS	15,868	30,182
CULLEN FROST BANKERS INC	7,734	9,029
CUMMINS INC	1,203	1,228
DONALDSON CO INC	13,959	14,380
E M C CORPORATION	14,980	16,685
EATON CORP PLC	1,974	2,473
EMERSON ELEC CO	2,710	3,298
EQUITABLE CORP	1,702	2,259
EXPRESS SCRIPTS HLDGS	17,533	24,342
F M C CORPORATION
FASTENAL CO
FIDELITY NATL INFO SVCS INC	7,559	17,338
FISERV INC
FORRESTER RESH INC
FOSSIL GROUP INC	142	63
GRAINGER W W INC
HAIN CELESTIAL GROUP INC	6,082	11,350
HORMEL FOODS CORP
IDEXX LABS INC
ITC HLDGS CORP
J P MORGAN CHASE CO	11,632	16,888
KINDER MORGAN INC	119	102
KIRBY CORP	1,479	1,689
LINCOLN ELEC HLDGS INC	2,565	2,979
LINEAR TECHNOLOGY CORP	9,941	15,777
LKQ CORP	19,956	27,031
MICROCHIP TECHNOLOGY INC
MICROSOFT CORP	10,266	17,798
MOBILE MINI INC	330	748
MOTOROLA SOLUTIONS INC
NATIONAL INSTRS CORP	355	373
NATIONAL OILWELL VARCO INC	1,803	1,003
NEXTERA ENERGY INC	9,093	15,010
O REILLY AUTOMOTIVE INC
OIL STATES INTL INC	39	31
ONEOK INC	1,260	1,165
PACCAR INC	427	649
PATTERSON COMPANIES INC	1,197	1,678
PERRIGO CO	2,587	1,554
PFIZER INC	11,304	18,297
PHILIP MORRIS INTL
POWER INTEGRATIONS INC
PROCTER & GAMBLE CO
QUALCOMM INC	27,617	30,476
ROLLINS INC	181	338
ROPER INDS INC
ROSS STORES INC	13,656	14,283
SCHWAB CHARLES CORP	1,124	2,473
SEMTECH CORP	2,788	2,822
SIGMA ALDRICH CORP
SIGNATURE BK	8,001	11,904
SKYWORKS SOLUTIONS INC
STERICYCLE INC	31,017	26,720
T ROWE PRICE GROUP INC
TIME WARNER CABLE INC
UNION PACIFIC CORP	239	279
V F CORP	7,941	14,671
VARIAN MED SYS INC
VERISK ANALYTICS INC	12,590	21,405
VISA INC	12,269	23,571
WABTEC CORP	196	343
WELLS FARGO CO	10,386	14,967
ACCENTURE PLC	7,659	14,214
ADIDAS AG A D R	6,166	12,865
AIR LIQUIDE S A A D R	14,199	14,708
ALLIANZ SE A D R	7,279	10,553
AMADEUS IT HLDG UNSP A D R
AMERICA MOVIL A D R
ANHEUSER BUSCH INBEV NV A D R	14,925	24,594
ARM HLDGS PLC A D R	8,333	22,761
ATLAS COPCO AB SPONS A D R	7,602	9,723
B G GROUP P L C A D R
BUNGE LIMITED	9,398	9,613
CANADIAN NATL RY CO	216	253
CORE LABORATORIES N V	27,192	31,071
CSL LIMITED A D R	5,065	11,267
DAIMLER AG
DASSAULT SYSTEMES SA A D R	14,037	24,540
DBS GROUP HLDGS LTD	19,947	19,923
DEUTSCHE BOERSE AG UNSPN A D R	1,434	2,236
DEUTSCHE POST AG A D R	11,133	11,771
DEUTSCHE TELEKOM AG A D R	444	694
DIAGEO PLC SPONSORED A D R
FANUC CORPORATION A D R	23,252	23,177
FRESENIUS MED CARE
GEA GROUP AG SPON A D R
HEINEKEN N V A D R
HSBC HOLDINGS PLC SPONS A D R	13,407	10,939
I C I C I BANK LIMITED A D R
IMPERIAL OIL LTD	513	368
ITAU UNIBANCO HLDGS SA A D R	11,622	9,886
JGC CORP UNSPONSORED A D R	4,991	2,893
JULIUS BAER GROUP LTD A D R	13,320	15,161
KAO CORP A D R
KOMATSU LTD A D R	965	762
LONZA GROUP AG UNSPON A D R	4	19
LOREAL CO UNSPONSORED ADR	11,011	18,055
LVMH MOET HENNESSY LOU VUITT	6,394	6,667
MARKS & SPENCER PLC A D R
MTN GROUP LTD A D R	8,555	4,843
NESTLE SA SPONSORED A D R	51,021	60,493
NISSAN MTR LTD ADR
NOKIAN TYRES OYJ UNSPON A D R
NOVARTIS AG A D R	19,644	16,236
NOVO NORDISK AS A D R	8,562	16,521
OAO GAZPROM SPON A D R
PETROLEO BRASILEIRO SPON ADR	1,935	1,050
PORSCHE AUTOMOBIL HLDG SE ADR
QIAGEN NV
REPSOL SA SPONSORED ADR
ROCHE HLDG LTD A D R	45,099	56,190
ROYAL DUTCH SHELL A D R	18,974	17,727
ROYAL DUTCH SHELL PLC A D R	14,081	15,433
SAFRAN SA UNSPON A D R	196	372
SAP AG A D R	28,901	37,141
SASOL LTD SPONSORED A D R	6,438	4,511
SCHUMBERGER LTD	59,484	67,154
SCHNEIDER ELECT SA UNSP A D R
SEADRILL LIMITED	1,262	104
SECOM COMPANY LIMITED A D R	8,448	13,617
SILICONWARE PRECISION IND CO
SONY FINANCIAL HOLD A D R
SUNCOR ENERGY INC	30	27
SWATCH GROUP AG A D R
SWISS RE LTD SPN A D R	6,680	8,945
SYNGENTA A G A D R
SYSMEX CORP UNSPON A D R	3,529	11,999
TAIWAN SEMICONDUCTOR A D R	20,187	28,336
TECHNIP-COFLEXIP A D R	4,245	1,915
TESCO PLC A D R	4,593	1,888
TEVA PHARMACEUTICAL INDS LTD	1,800	2,461
TOKYO ELECTRON LTD ADR
TOTO LTD	206	606
TURKIYE GARANTI BANKASI AS ADR	13,036	7,769
UNI CHARM CORPORATION A D R	20,281	21,741
UNILEVER N V A D R	4,405	4,428
UNILEVER PLC SPSD ADR	7,383	10,064
VODAFONE GROUP PLC A D R	20,365	16,748
WPP PLCSPONSORED A D R	25,277	40,121
IPATH DOW JONES UBS COMMODITY	433,470	279,263
NUVEEN REAL ESTATE SECS	270,728	303,078
HIGHLAND LONG SHORT EQ FND	509,673	504,139
AAON INC	4,942	12,234
AARONS INC	529	431
ABBVIE INC	8,238	16,160
ALLIANCE DATE SYSTEMS	359	463
APOGEE ENTERPRISES	6,078	8,696
ASTEC INDUSTRIES	8,310	14,286
ASTRONICS CORP	729	1,375
ATRION CORP	3,096	6,198
BADGER METER	3,087	4,184
BALCHEM
BLACKBAUD
C J ENERGY SERVICES	499	10
CAL MAINE FOODS	3,604	7,165
CARBO CERAMICS	3,664	776
CINTAS CORP	7,009	14,267
COACH INC
COHEN & STEERS
COMPUTER PROGRAMS & SYSTEMS	27,507	21,881
COOPER COS	8,976	13,320
COPART INC	14,714	21,185
CPI AEROSTRUCTURES	2,326	1,426
CUBIC CORP	4,514	4,043
CVS CAREMARK	12,054	19,471
DAWSON GEOPHYSICAL	309	335
DRIL QUIP	7,102	4,409
EQUIFAX	5,763	12,054
F E I CO	625	745
FACTSET RESEARCH SYSTEMS	22,355	30,265
FIRST LONG ISLAND CORP	3,312	4,037
FLIR SYSTEMS	377	456
FLOWERS FOODS	5,011	4,929
FOSTER L B CO	15,068	4,129
GORMAN RUPP	21,047	23,487
GRAHAM CORP	6,842	4,829
GRANITE CONSTRUCTION	19,381	26,583
GULF IS FABRICATION	9,222	3,189
GULFMARK OFFSHORE	8,769	621
H E I C O CORP	13,723	20,819
HARDINGE	6,547	5,000
HAWKINS INC	4,580	5,043
HEARTLAND EXPRESS	6,385	8,130
HIBBETT SPORTS
HUBBELL INC	1,039	1,186
HUNT J B TRANS SVCS	10,664	11,888
ICU MED	3,620	6,655
J & J SNACK FOODS	12,602	21,890
JACK HENRY & ASSOCIATES	6,267	12,674
JARDEN CORP
JOHNSON OUTDOORS	3,686	5,116
K M G CHEMICALS	4,679	6,378
L S I INDUSTRIES	5,123	8,867
LAKELAND INDUSTRIES	1,614	3,062
LOWES CO	7,192	13,741
M F R I INC	3,301	3,006
M T BANK CORP
MARCUS CORP	25,423	30,190
MARTEN TRANSPORTATION LTD	1,938	2,988
ACCOR SA ADR	753	691
ACE LTD
ASTRAZENECA PLC SPSD ADR	18,527	19,665
BAIDU COM INC ADR	17,564	20,429
BANCO BILBAO VIZCAYA ARGEN ADR	24,955	15,149
BAYERISCHE MOTOREN WERKE ADR	12,278	9,955
BRITISH AMERN TOB PLC ADR	13,918	16,217
CAPGEMINI SA ADR
CHECK POINT SOFTWARE TECH LTD
CLICKSOFTWARE TECHNOLOGIES
COMPANHIA PARANAENSE ENER ADR	244	198
DELHAIZE GROUP SPONS ADR
DR REDDYS LABORATORIES LTD ADR	716	786
FLY LEASING LTD ADR	24,901	22,500
GRUPO SIMEC ADR	4,295	4,225
HIMAX TECHNOLOGIES INC ADR
HONG KONG EXCHANGES ADR
ICAP PLC ADR	856	815
INDUSTRIAS BACHOCO SAB DE ADR	13,563	20,392
INFINEON TECHNOLOGIES AG ADR	7,715	12,737
KONINKLIJKE DSM NV ADR	9,266	8,103
LG DISPLAY CO LTD ADR
MELCO CROWN ENTERTAINMENT ADR
MITSUBISHI ESTATE LTD ADR	20,638	15,753
MIZUHO FNL GRP ADR	17,357	15,950
NATIONAL GRID PLC SP ADR	50,652	60,134
NIDEC CORPORATION ADR	289	749
NIPPON TELEGRAPH TELE ADR	2,430	2,466
NTT DOCOMO INC ADR	8,807	14,693
ORIX CORP SPONS ADR	3,250	3,859
SANOFI ADR	9,288	9,592
SHIRE PLC ADR
SMITH & NEPHEW PLC ADR	46,871	46,340
SUMITOMO MITSUI FINL GROUP ADR	9,722	6,150
TOTAL SA ADR	9,676	9,187
TOYOTA MTR CORP ADR	1,240	1,339
TRINITY BIOTECH PLC SPON ADR	10,155	10,161
WACOAL HOLDINGS CORP ADR	5,686	6,059
WNS HOLDINGS LTD ADR	4,612	5,782
XINYI GLASS HOLDINGS LTS ADR	21	15
XINYUAN REAL ESTATE CO LTD ADR
MERCADOLIBRE INC	11,110	15,614
MERIT MED SYS	3,199	5,180
MONARCH CASINO & RESORT	3,332	6,182
MONRO MUFFLER BRAKE	6,598	10,458
MORNINGSTAR INC	13,437	16,493
NATIONAL PRESTO INDS	5,800	7,432
NVE CORP	22,298	21,675
OCEANEERING INTERNATIONAL
OLD DOMINION FGHT LINE	2,225	3,553
OMEGA FLEX	108	239
PACKAGING CORP AMERICA	11,243	13,519
PHILLIPS 66	9,604	11,181
POOL CORPORATION	94	205
POWELL INDS	4,969	2,947
PRICE SMART	15,576	15,965
RAYMOND JAMES FINL	8,687	10,870
RPC ENERGY SVCS	3,278	3,057
SCANSOURCE	31	41
SCHEIN HENRY	7,057	11,764
SIFCO INDS	3,934	1,861
SIRONA DENTAL SYSTEMS
SMITH A O CORP	275	650
SPAN AMERICA MEDICAL SYS	4,796	4,504
STEPAN CO
STURM RUGER & CO	24,870	32,504
SUN HYDRAULICS CORP	6,133	6,342
SYNALLOY CORP	4,904	2,556
TEXAS ROADHOUSE	6,277	11,002
THOR INDUSTRIES	3,351	4,439
UNIT CORP	20,298	5,900
UTAH MED PRODS	6,948	9,565
VALUE LINE	825	1,500
WEIS MKTS	7,641	8,422
WERNER ENTERPRISES	2,259	2,437
WHIRLPOOL CORP	9,339	13,658
WOLVERINE WORLD WIDE
BALDWIN LYONS INC	2,762	2,834
BANK OF NEW YORK MELLON CORP
CAMDEN PPTY TR	7,974	10,840
CARTERS INC	8,609	11,543
CIVED CORP	2,087	195
CLARCOR INC	349	436
COLUMBUS MCKINNON CORP	6,868	4,877
ESPEY MFG & ELECTRONICS CORP	5,191	5,184
HINGHAM INSTITUTION FOR SAVING	3,202	5,240
HONEYWELL INTERNATIONAL INC	12,458	15,588
KOSS CORP	887	353
M K S INSTRUMENTS INC	4,074	5,893
MSA SAFETY INC	21,834	22,240
OIL DRI CORP AMER	4,161	5,056
NEW YORK COMMUNITY BANCORP INC
NOW INC DE W I	1,664	1,117
ONE GAS INC W I	28	65
SANDERSON FARMS INC	5,374	6,482
STARRETT L S CO	1,468	1,561
TUPPERWARE BRANDS CORP
UNITED HEALTH GROUP INC	11,952	20,907
VERIZON COMMUNICATIONS INC	1,636	1,884
AIRBUS GROUP NV A D R	121	131
BARCLAYS PLC A D R	3,533	2,134
CHUNGHWA TELECOM CO LTD A D R	14,944	17,848
HITACHI LTD
INFOSYS TECHNOLOGIES SP A D R	1,097	1,314
KONINKIJKE PHILIPS NVR NY A D	11,400	9,296
SEVEN & I HLDGS UNSPN A D R	358	394
WESTPAC BANKING CORP SP ADR	7,750	6,700
TWIN DISC INC	8,045	4,234
ABERDEEN FDS EMRGN	398,003	365,178
AIA GROUP LTD A D R	7,227	12,668
AIRGAS INC
AMPCO-PITTSBURG CORP	4,065	3,540
AVIANCA HOLDINGS A D R	27,010	13,817
B T GROUP P L C A D R
BAR HBR BANKSHARES	2,050	2,384
BAYER AG A D R	13,209	14,107
BOEING CO	1,824	1,871
CANON INC SPONS A D R	51,037	45,232
CARNIVAL PLC A D R
CHEFS WAREHOUSE HOLDINGS LLC	16,737	13,614
COLGATE PALMOLIVE CO	14,456	15,630
DENSO CORPORATION A D R	863	736
DISCOVER FINL SVCS	11,823	11,311
DOLLAR TREE INC	160	193
ELLIE MAE INC	13,155	28,646
F5 NETWORKS INC	13,585	13,329
FINANCIAL ENGINES INC	128	106
FREIGHTCAR AMER INC	4,586	2,980
FUCHS PETROLUB SE PREF A D R	6,239	5,881
FURMANITE CORPORATION
GENERAL MOTORS CO	13,488	13,562
GLAXO SMITHKLINE P L C A D R	7,381	8,248
GOOGLE INC CL A
GOOGLE INC CL C
GRACO INC	444	444
HOMEAWAY INC
HONG KONG TELEVISION NE A D R	1,132	600
HOOKER FURNITURE CORP	4,420	5,875
HUB GROUP INC CL A	3,540	4,258
HYSTER YALE MATERIALS W I	3,318	3,253
INTERCONTINENTAL HOTELS A D R
KANSAS CITY LIFE INS CO
KEWAUNEE SCIENTIFIC CORP	1,421	1,600
KONINKLIJKE ROYAL KPN NV SP AD	10,661	11,661
KOREA ELEC PWR CORP SPONSORED	1,007	1,033
LAFARGEHOLCIM LTD UNSP A D R
LENNOX INTERNATIONAL INC	6,644	10,976
LINDE AG A D R	3,548	3,069
LSB INDS INC
MACYS INC
MARKETAXESS HLDGS INC	6,918	15,519
MARSH MCLENNAN COS INC	11,015	12,821
MASTEC INC
MCCORMICK CO NON VTG SHRS	799	1,329
MEAD JOHNSON NUTRITION CO	23,061	21,676
MEDTRONIC PLC	14,801	17,088
METTLER TOLEDO INTL INC	9,596	13,570
MIDDLEBY CORP	9,645	12,279
MILLER INDUSTRIES INC	3,181	3,369
NETEASE INC A D R
NICE SYS LTD SPONSORED A D R	20,361	28,009
NIELSEN NV	9,510	10,934
OTSUKA HOLDINGS LTD A D R	5,564	8,112
PAREXEL INTL CORP	10,395	11,097
POLARIS INDS INC	1,051	790
RELX NV SPON A D R	21,362	24,480
SANDS CHINA LTD UNSPONS A D R
SHUTTERSTOCK INC	29,096	36,745
SKY PLC SPN A D R	17,569	15,607
SNAP ON INC	9,627	11,473
SOCIETE GENERALE SPONS ADR	10,679	9,412
SYMRISE AG UNSPON A D R	5,789	6,556
SYNOPSYS INC	12,081	15,490
THE PRICELINE GROUP INC	23,713	33,770
TOOTSIE ROLL INDS	1,092	1,411
TORAY INDUSTRIES INC A D R	313	344
UNIBAIL RODAMCO SE UNSP A D R	5,539	5,412
WILLIAM HILL PLC UNSPON A D R	12,486	11,629
WILLIAMS SONOMA INC	1,825	1,298
SCRIPPS NETWORKS INTERACTIVE I	13,260	12,750
HEXCEL CORP NEW	293	475
HEXEL CORP

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ABB LTD A D R	AT COST	11,158	11,773
ACUITY BRANDS INC	AT COST	8,659	11,547
ADECCO GROUP AG A D R	AT COST	10,914	11,204
AERCAP HOLDINGS NV	AT COST	11,301	10,953
ALFA LAVAL AB A D R	AT COST	2,739	2,890
ALPHABET INC CL A	AT COST	4,800	12,661
ALPHABET INC CL C	AT COST	8,052	20,757
ARCTIC CAT INC	AT COST	3,966	3,606
ASPEN TECHNOLOGY INC	AT COST	26,050	25,846
ATOS ORIGIN SA UNSP ADR	AT COST	13,808	17,989
AUTOHOME INC A D R	AT COST	19,332	15,646
B E AEROSPACE INC	AT COST	12,489	12,246
BBA AVIATION PLC UNSPON A D R	AT COST	4,941	5,146
CAMBREX CORP	AT COST	5,375	4,874
CARLSBERG AS A D R	AT COST	4,466	4,625
CHINA MOBILE LIMITED A D R	AT COST	11,265	11,921
CHINA PETROLEUM CHEM A D R	AT COST	3,966	3,878
CHUBB LTD	AT COST	10,575	13,278
CK HUTCHISON HOLDINGS LIMITED	AT COST	11,266	11,585
COGNEX CORP	AT COST	10,648	12,873
COLOPLAST AS A D R	AT COST	691	700
CRH SPON A D R	AT COST	1,350	1,415
DANONE SPON A D R	AT COST	11,826	12,927
DISNEY WALT CO	AT COST	11,058	10,075
DORMAN PRODUCTS INC	AT COST	10,038	12,740
E ON AG A D R	AT COST	8,402	8,722
EMBRAER SA A D R	AT COST	25	18
ERICSSON LM TEL SP A D R	AT COST	13,636	10,279
EXTRA SPACE STORAGE INC	AT COST	5,607	5,247
FOOT LOCKER INC	AT COST	12,210	11,209
FOX FACTORY HOLDING CORP	AT COST	20,622	21,263
FRANKLIN ELEC INC	AT COST	1,239	1,278
FRESENIUS AKTIENGESELLSCHAFT A	AT COST	19,286	24,103
G I I I APPAREL GROUP LTD	AT COST	11,063	8,807
GEMALTO NV SPON A D R	AT COST	9,644	10,197
GENPACT LIMITED	AT COST	11,694	11,939
GERMAN AMERICAN BANCORP	AT COST	3,325	3,434
GLOBAL LOGISTIC PPTYS LTD A D	AT COST	15	14
HELEN OF TROY CORP LTD	AT COST	11,658	11,654
HJ HEINZ HOLDING CORP	AT COST	32,681	34,383
HONDA MOTOR CO LTD A D R	AT COST	3,036	2,658
IHS MARKIT LTD	AT COST	95	104
INTESA SANPAOLO A D R	AT COST	16,481	17,348
INTL FLAVORS FRAGRANCES	AT COST	13,926	16,923
IPG PHOTONICS CORP	AT COST	11,024	11,211
JOHNSON JOHNSON	AT COST	9,193	12,398
KIMBALL ELECTRONICS INC	AT COST	2,576	2,877
KONE OYJ B UNSPON A D R	AT COST	5,321	6,951
KONINKLIJKE AHOLD DELHAIZE NV	AT COST	13,659	16,795
KT CORP SP A D R	AT COST	31,186	33,343
KUBOTA LTD A D R	AT COST	4,878	5,101
LOCKHEED MARTIN CORP	AT COST	11,030	10,867
MANHATTAN ASSOCS INC	AT COST	11,035	10,159
MASCO CORP	AT COST	8,479	9,156
MAZDA MOTOR CORP UNSPON A D R	AT COST	9,470	10,103
MONDELEZ INTERNATIONAL W I	AT COST	10,488	10,335
MONOTARO CO LTD UNSP A D R	AT COST	2,558	2,398
MONSANTO CO	AT COST	9,720	10,677
MURATA MANUFACTUR UNSPON A D R	AT COST	10,289	10,390
NASPERS LTD N SPON A D R	AT COST	11,366	12,148
NEWELL BRANDS INC	AT COST	1,174	1,889
OLLIES BARGAIN OUTLET HOLDI	AT COST	17,733	22,428
ORANGE SPON A D R	AT COST	10,154	9,883
P T TELEKOMUNIKASI INDONESIA A	AT COST	2,998	3,102
PARK ELECTROCHEMICAL CORP	AT COST	4,299	4,082
PARK24 CO LTD SPN A D R	AT COST	2,973	3,173
PAYCOM SOFTWARE INC	AT COST	10,065	10,245
PAYPAL HOLDINGS INC	AT COST	16,964	17,801
PEARSON P L C A D R	AT COST	8,738	6,009
PEPSICO INC	AT COST	15,679	18,516
PJSC GAZPROM SPON ADR	AT COST	399	169
PRAXAIR INC	AT COST	9,503	10,489
RBC BEARINGS INC	AT COST	19,216	19,236
RECKITT BENCKISER SPON A D R	AT COST	7,762	7,738
RESMED INC	AT COST	10,606	11,090
ROBERT HALF INTL INC	AT COST	14,774	11,145
SEIKO EPSON A D R	AT COST	10,598	11,431
SUNTORY BEVERAGE UNSPON A D R	AT COST	4,610	4,462
TE CONNECTIVITY LTD	AT COST	10,202	10,308
TENARIS SA A D R	AT COST	4,669	4,516
TJX COMPANIES INC	AT COST	11,105	11,441
VCA INC	AT COST	11,720	12,270
VIVENDI SA UNSPON ADR	AT COST	8,998	8,692
WEC ENERGY GROUP INC	AT COST	3,363	4,414
ZUMIEZ INC	AT COST	1,885	1,375

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER CHARITABLE EXPENSES	3,299	0	3,299
STATE FILING FEE	1,077	0	1,077
ADR FEES	1,642	1,642	0

Category	Amount	Net Investment Income
FOREIGN TAXES	5,186	5,186
FEDERAL TAX PAYMENT - PRIOR YE	4,303	0
FEDERAL ESTIMATES - PRINCIPAL	8,929	0