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 01-01-2015 , and ending 12-31-2015

Name of foundation
JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

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

26-1364910

B Telephone number (see instructions)

(513) 632-4393

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

$13,902,390J 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)	3,546,449
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	213,012		203,026
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		173,586
b	Gross sales price for all assets on line 6a 2,718,807
7	Capital gain net income (from Part IV, line 2)...			173,586
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).......		1,424	44,953
12	Total. Add lines 1 through 11........	3,934,471		421,565
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		75	0	0	75
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....		36,476	32,828		3,648
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		76,374	6,002		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).......		22,756	25,592		6,334
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	137,181		64,422	0	11,557
25	Contributions, gifts, grants paid.......	348,000				348,000
26	Total expenses and disbursements. Add lines 24 and 25	485,181		64,422	0	359,557
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,449,290
b	Net investment income (if negative, enter -0-)			357,143
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.............	2,169,019	9,621	9,621
	2	Savings and temporary cash investments.........	1,220,199	119,394	119,394
	3	Accounts receivable
		Less: allowance for doubtful accounts	4,948	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).......	5,767,665	4,890,909	5,263,119
	c	Investments—corporate bonds (attach schedule).......	1,204,511	1,744,345	1,627,391
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	492,512	4,868,101	6,877,519
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		5,346	5,346
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,858,854	11,637,716	13,902,390
	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 )	117,760
	23	Total liabilities (add lines 17 through 22).........	117,760	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........	10,741,094	11,637,716
	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).....	10,741,094	11,637,716
	31	Total liabilities and net assets/fund balances (see instructions).	10,858,854	11,637,716

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

10,741,094

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

3,449,290

Other increases not included in line 2 (itemize) bullet

272

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

14,190,656

Decreases not included in line 2 (itemize) bullet

2,552,940

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

11,637,716

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	6225. YUKON CAPITAL PARTNERS PAR II, LP		2014-09-30	2015-01-23
b	120. CALIFORNIA RESOURCES CORP		2011-12-22	2015-02-24
c	30. GRAINGER W W INC		2014-08-19	2015-02-24
d	50. GRAINGER W W INC		2014-01-15	2015-02-24
e	250. HEXCEL CORP NEW		2014-01-15	2015-02-24
	180. SCHLUMBERGER LTD		2011-12-22	2015-02-24
	100. 3M CO COM		2013-09-09	2015-02-24
	400. MYLAN INC		2014-08-19	2015-02-27
	400. SEMPRA ENERGY			2015-03-11
	1792. ECOLAB INC		2012-12-04	2015-05-15
	300. ABBOTT LABORATORIES		2013-09-09	2015-05-19
	400. ABBVIE INC		2015-02-24	2015-05-19
	300. AMERICAN EXPRESS CO		2012-08-22	2015-05-19
	150. APPLE COMPUTER INC COM		2010-03-05	2015-05-19
	600. CABOT OIL GAS CORP CL A		2014-08-19	2015-05-19
	300. CISCO SYS INC		2015-05-12	2015-05-19
	150. COSTCO WHSL CORP NEW		2015-05-12	2015-05-19
	225. DANAHER CORP		2014-08-19	2015-05-19
	100. GENERAL DYNAMICS CORP		2015-02-24	2015-05-19
	500. GOODYEAR TIRE & RUBR CO		2015-03-11	2015-05-19
	5. GOOGLE INC CL A		2012-10-02	2015-05-19
	85. GOOGLE INC CL A			2015-05-19
	300. J P MORGAN CHASE & CO			2015-05-19
	130. MCKESSON HBOC INC		2013-09-09	2015-05-19
	70. MCKESSON HBOC INC		2015-05-12	2015-05-19
	1210. MICROCHIP TECHNOLOGY INC			2015-05-19
	500. NIKE INC CL B COM			2015-05-19
	300. OCCIDENTAL PETE CORP COM		2015-02-24	2015-05-19
	170. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010		2014-12-09	2015-05-19
	200. PILGRIMS PRIDE CORP		2015-02-24	2015-05-19
	30. THE PRICELINE GROUP INC		2015-03-11	2015-05-19
	500. SANDISK CORP			2015-05-19
	660. SPLUNK INC			2015-05-19
	510. TRINITY INDS INC		2014-08-19	2015-05-19
	100. UNION PAC CORP		2015-03-11	2015-05-19
	422. V F CORP		2013-09-09	2015-05-19
	20. VERIZON COMMUNICATIONS		2015-03-11	2015-05-19
	480. VERIZON COMMUNICATIONS		2014-05-14	2015-05-19
	400. VISA INC		2013-03-13	2015-05-19
	185. EATON CORP PLC		2013-09-09	2015-05-19
	100. ACE LTD		2012-08-22	2015-05-19
	190. LYONDELLBASELL INDUSTRIES CL A			2015-05-19
	400. MYLAN NV		2015-03-02	2015-05-19
	10000. ECOLAB INC 3.000% 12/08/16		2015-06-25	2015-07-08
	3895. YUKON CAPITAL PARTNERS PAR II, LP		2014-09-30	2015-07-13
	600. ABBVIE INC			2015-07-23
	500. AKAMAI TECHNOLOGIES COM		2015-05-12	2015-07-23
	1200. CISCO SYS INC		2015-05-12	2015-07-23
	600. DOVER CORP			2015-07-23
	300. T ROWE PRICE GROUP INC		2013-09-09	2015-07-23
	400. T ROWE PRICE GROUP INC			2015-07-23
	1000. VERIZON COMMUNICATIONS			2015-07-23
	5000. DOMINION GAS HLDGS 3.600% 12/15/24		2015-06-15	2015-07-30
	5000. U S TREASURY NT 2.000% 2/15/23		2015-06-15	2015-07-31
	44761. GARRISON REAL ESTATE FUND III, L.P.		2015-04-20	2015-07-31
	10000. U S TREASURY NT 2.750% 12/31/17		2015-06-16	2015-08-06
	5000. APACHE CORPORATION 5.625% 1/15/17		2015-07-10	2015-09-01
	5000. DOMINION GAS HLDGS 3.600% 12/15/24		2015-06-15	2015-09-02
	153.06 F H L M C GD G18527 3.000% 10/01/29		2015-08-28	2015-09-15
	92.74 F H L M C GD J20129 2.500% 8/01/27		2015-08-06	2015-09-15
	2200. ABBVIE INC			2015-10-15
	182.64 F H L M C GD G18527 3.000% 10/01/29		2015-08-28	2015-10-15
	103.04 F H L M C GD J20129 2.500% 8/01/27		2015-08-06	2015-10-15
	1665. MERCK AND CO INC			2015-10-15
	2075.55 NUVEEN REAL ESTATE SECS I		2013-03-13	2015-10-20
	415.11 NUVEEN REAL ESTATE SECS I		2013-03-13	2015-10-20
	218.11 F N M A #AX8309 3.000% 11/01/29		2015-09-02	2015-10-25
	400. ALIBABA GROUP HOLDING LTD A D R		2015-02-24	2015-10-26
	200. AMGEN INC		2013-09-09	2015-10-26
	275. ANADARKO PETE CORP			2015-10-26
	225. ANADARKO PETE CORP		2013-09-09	2015-10-26
	500. E O G RES INC		2015-05-12	2015-10-26
	600. GOODYEAR TIRE & RUBR CO		2015-03-11	2015-10-26
	200. HEWLETT PACKARD CO		2015-02-24	2015-10-26
	1000. HEWLETT PACKARD CO		2014-08-19	2015-10-26
	100. J P MORGAN CHASE & CO		2014-08-19	2015-10-26
	600. MACYS INC		2015-02-24	2015-10-26
	800. NATIONAL OILWELL INC COM			2015-10-26
	400. OCCIDENTAL PETE CORP COM		2015-03-11	2015-10-26
	300. OCCIDENTAL PETE CORP COM		2011-12-22	2015-10-26
	100. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010		2014-08-19	2015-10-26
	300. WELLS FARGO & CO NEW		2015-05-12	2015-10-26
	100. ACE LTD			2015-10-26
	10000. U S TREASURY NT 0.875% 12/31/16		2015-06-30	2015-10-30
	10000. BP CAPITAL PLC 0.700% 11/06/15		2015-07-17	2015-11-06
	5000. U S TREASURY NT 2.750% 12/31/17		2015-06-16	2015-11-10
	172.42 F H L M C GD G18527 3.000% 10/01/29		2015-08-28	2015-11-15
	73.47 F H L M C GD J20129 2.500% 8/01/27		2015-08-06	2015-11-15
	648.789 NUVEEN REAL ESTATE SECS I		2013-03-13	2015-11-18
	422.119 NUVEEN REAL ESTATE SECS I		2013-03-13	2015-11-23
	206.11 F N M A #AX8309 3.000% 11/01/29		2015-09-02	2015-11-25
	3159.5 CORINTHIAN EQUITY FUND II, L.P.		2015-01-23	2015-12-02
	5000. KINDER MORGAN INC 4.300% 6/01/25		2015-07-10	2015-12-04
	923.361 DOUBLELINE TOTAL RET BD I		2015-02-19	2015-12-08
	17173.328 OPPENHEIMER DEVELOPING MARKETS I			2015-12-10
	183.51 F H L M C GD G18527 3.000% 10/01/29		2015-08-28	2015-12-15
	81.42 F H L M C GD J20129 2.500% 8/01/27		2015-08-06	2015-12-15
	2651.348 NUVEEN REAL ESTATE SECS I			2015-12-17
	207.58 F N M A #AX8309 3.000% 11/01/29		2015-09-02	2015-12-25
	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	6,225	6,225
b	787	975	-188
c	7,119	7,338	-219
d	11,866	13,288	-1,422
e	11,912	11,508	404
	15,379	12,270	3,109
	16,861	11,636	5,225
	23,081	18,553	4,528
	42,398	43,758	-1,360
	207,699	128,612	79,087
	14,676	10,086	4,590
	26,328	24,487	1,841
	24,408	17,037	7,371
	19,600	4,655	14,945
	20,898	19,920	978
	8,907	8,799	108
	21,813	21,680	133
	19,521	17,196	2,325
	14,030	14,209	-179
	15,605	12,577	3,028
	2,761	1,915	846
	46,943	48,321	-1,378
	20,124	19,427	697
	31,579	16,055	15,524
	17,004	15,885	1,119
	58,503	55,339	3,164
	52,494	17,208	35,286
	22,779	23,945	-1,166
	16,232	15,368	864
	5,162	5,483	-321
	36,598	35,303	1,295
	33,910	45,812	-11,902
	45,117	33,602	11,515
	15,590	23,950	-8,360
	10,411	11,447	-1,036
	30,207	20,217	9,990
	989	956	33
	23,736	23,052	684
	28,068	15,927	12,141
	13,459	11,888	1,571
	10,889	7,412	3,477
	19,162	19,620	-458
	28,505	23,081	5,424
	10,229	10,251	-22
	3,895	3,895
	42,113	34,465	7,648
	36,731	37,785	-1,054
	33,371	35,195	-1,824
	38,669	48,466	-9,797
	23,259	21,270	1,989
	31,011	32,525	-1,514
	46,359	47,335	-976
	4,950	5,022	-72
	4,992	4,935	57
	44,761	44,761
	10,446	10,434	12
	5,338	5,280	58
	4,912	5,022	-110
	153	159	-6
	93	94	-1
	118,912	53,969	64,943
	183	190	-7
	103	104	-1
	82,703	70,050	12,653
	49,979	46,166	3,813
	9,996	9,233	763
	218	226	-8
	30,680	33,834	-3,154
	31,735	22,228	9,507
	18,916	22,149	-3,233
	15,477	21,091	-5,614
	41,699	46,474	-4,775
	19,873	15,092	4,781
	5,608	7,650	-2,042
	28,039	35,485	-7,446
	6,367	5,762	605
	29,220	37,796	-8,576
	29,984	45,692	-15,708
	28,686	29,714	-1,028
	21,514	26,991	-5,477
	9,020	8,327	693
	16,243	16,602	-359
	11,526	8,924	2,602
	10,045	10,045
	10,000	10,000
	5,191	5,194	-3
	172	179	-7
	73	74	-1
	15,143	14,431	712
	10,021	9,389	632
	206	214	-8
	3,160	3,160
	4,269	4,797	-528
	10,000	10,166	-166
	514,856	612,500	-97,644
	184	190	-6
	81	82	-1
	60,769	57,920	2,849
	208	215	-7
			27,131

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			-188
c			-219
d			-1,422
e			404
			3,109
			5,225
			4,528
			-1,360
			79,087
			4,590
			1,841
			7,371
			14,945
			978
			108
			133
			2,325
			-179
			3,028
			846
			-1,378
			697
			15,524
			1,119
			3,164
			35,286
			-1,166
			864
			-321
			1,295
			-11,902
			11,515
			-8,360
			-1,036
			9,990
			33
			684
			12,141
			1,571
			3,477
			-458
			5,424
			-22

			7,648
			-1,054
			-1,824
			-9,797
			1,989
			-1,514
			-976
			-72
			57

			12
			58
			-110
			-6
			-1
			64,943
			-7
			-1
			12,653
			3,813
			763
			-8
			-3,154
			9,507
			-3,233
			-5,614
			-4,775
			4,781
			-2,042
			-7,446
			605
			-8,576
			-15,708
			-1,028
			-5,477
			693
			-359
			2,602


			-3
			-7
			-1
			712
			632
			-8

			-528
			-166
			-97,644
			-6
			-1
			2,849
			-7

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	173,586
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	166,677	7,627,701	0.021852
2013	114,645	5,189,793	0.02209
2012	162,912	3,854,549	0.042265
2011	31,205	1,974,234	0.015806
2010	0	84,942	0.0

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

20.102013

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 . . .

0.020403

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

10,358,876

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

211,352

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

3,571

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

214,923

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

359,557

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	3,571
	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	3,571
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	3,571
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	66,325
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	66,325
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	62,754
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	62,754

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?........

Yes

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

Yes

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

Yes

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

N/A

The books are in care of bullet

US BANK NA Telephone no. bullet

(513) 762-8877

Located at bullet

PO BOX 1118 ML CN-OH-07IVCINCINNATIOH ZIP+4 bullet

452011118

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
JERRY A GRUNDHOFER	PRESIDENT 0	0
C/O U S BANK POB 1118 ML CN-OH-W10 CINCINNATI,OH45201	PRESIDENT 0	0
LAUREN J GRUNDHOFER	SECRETARY 0	0
C/O U S BANK POB 1118 ML CN-OH-W10 CINCINNATI,OH45201	SECRETARY 0	0
KATHLEEEN A GRUNDHOFER	TREASURER 0	0
C/O U S BANK POB 1118 ML CN-OH-W10 CINCINNATI,OH45201	TREASURER 0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
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...................

10,012,648

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

503,977

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

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

10,516,625

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

10,516,625

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

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

157,749

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

10,358,876

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

517,944

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

517,944

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

3,571

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

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

3,571

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

514,373

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

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

514,373

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

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

514,373

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 ..........

359,557

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

359,557

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

3,571

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

355,986

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					514,373
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				344,555
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: $ 359,557
a Applied to 2014, but not more than line 2a				344,555
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.....					15,002
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 ..........					499,371
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)

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2015)

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
ELDORADO SCHOLARSHIP FUND 75-105 MERLE DRIVE PALM DESERT,CA92211	NONE	PC	SCHOLARSHIP	1,000
ART INSTITUTE OF CHICAGO 111 SOUTH MICHIGAN AV CHICAGO,IL60603	NONE	PC	GENERAL SUPPORT	61,000
EISENHOWER MEDICAL CENTER FOUNDATION 39000 BOB HOPE DRIVE RANCHO MIRAGE,CA92270	NONE	PC	GENERAL SUPPORT	50,000
PEDIATRIC AIDS COALITION 308 WESTWOOD PLAZA LOS ANGELES,CA90095	NONE	PC	GENERAL SUPPORT	1,000
HIGHER GROUND 120 SECOND AVE SUITE 207 KETCHUM,ID83340	NONE	PC	GENERAL SUPPORT	10,000
INNER CITY SCHOLARSHIP FOUNDATION 7946 IVANHOE AVE LA JOLLA,CA92037	NONE	PC	GENERAL SUPPORT	10,000
FISHER HOUSE FOUNDATION 111 ROCKVILLE PIKE ROCKVILLE,MD20850	NONE	PC	GENERAL SUPPORT	20,000
THREE SQUARE FOOD BANK 4190 N PECOS ROAD LAS VEGAS,NV89115	NONE	PC	GENERAL SUPPORT	10,000
THE HUNTINGTON LIBRARY 1151 OXFORD ROAD SAN MARINO,CA91108	NONE	PC	GENERAL SUPPORT	10,000
MUSEUM OF CONTEMPORARY ART 250 S GRAND AVE LOS ANGELES,CA90012	NONE	PC	GENERAL SUPPORT	10,000
THE LOS ANGELES PHILHARMONIC 151 S GRAND AVE LOS ANGELES,CA90012	NONE	PC	GENERAL SUPPORT	25,000
LOS ANGELES CO MUSEUM OF ART 5905 WILSHIRE BLVD LOS ANGELES,CA90036	NONE	PC	GENERAL SUPPORT	25,000
LOYOLA HIGH SCHOOL 1901 VENICE BLVD LOS ANGELES,CA90006	NONE	PC	GENERAL SUPPORT	10,000
CHICAGO JESUIT ACADEMY 5058 W JACKSON BLVD DETRIOT,MI48238	NONE	PC	GENERAL SUPPORT	10,000
PALM SPRINGS ART MUSEUM 101 MUSEUM DRIVE PALM SPRINGS,CA92263	NONE	PC	GENERAL SUPPORT	10,000
CATHOLIC CHARITIES OF SOUTHERN NEVADA 1501 LAS VEGAS BLVD LAS VEGAS,NV89101	NONE	PC	GENERAL SUPPORT	10,000
THE SHADE TREE 1 W OWENS AVE N LAS VEGAS,NV89030	NONE	PC	GENERAL SUPPORT	10,000
HUNTINGTON MEMORIAL HOSPITAL 100 W CALIFORNIA BLVD PASADENA,CA91105	NONE	PC	GENERAL SUPPORT	50,000
THE DESERT COMMUNITY FOUNDATION 75-105 MERLE DR PALM DESERT,CA92211	NONE	PC	GENERAL SUPPORT	5,000
GOODWILL OF SOUTHERN NEVADA 1280 W CHEYENNE AVE N LAS VEGAS,NV89030	NONE	PC	GENERAL SUPPORT	10,000
Total ................................. 3a				348,000

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	213,012
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	173,586
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aDLJ REAL ESTATE CA	900099	1,370
bACON LATIN AMERICA	900099	54
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		1,424		386,598

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

13388,022

(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

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2015

Name of the organization

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

Employer identification number

26-1364910

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

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

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

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

General Rule

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

Special Rules

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

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

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

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

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

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

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

Name of organization JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	JERRY A GRUNDHOFER CO U S BANK N A PO BOX 1118 ML CN-OH-W10X CINCINNATI, OH45201	$ 3,546,449	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

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

Page 3

Name of organization JERRY A AND KATHLEEN A GRUNDHOFER FAMILY		Employer identification number 26-1364910

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	VARIOUS ASSETS AND SECURITIES	$ 3,546,449	2015-12-22
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

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

Page 4


Name of organization JERRY A AND KATHLEEN A GRUNDHOFER FAMILY			Employer identification number 26-1364910
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

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

Additional Data

Software ID:
Software Version:

- TIN:

TY 2015 AccountingFeesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,500			1,500

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DOUBLELINE TOTAL RET	490,019	482,678
FEDERATED INST HI YLD	460,500	418,469
LOOMIS SAYLES GLBL	381,000	351,786
TCW EMERGING MKTS INCOME	412,826	374,458

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ECOLAB INC	313,463	491,491
NATIONAL OILWELL VARCO
OCCIDENTAL PETROLEUM CORP
SCHLUMBERGER LTD
ABBOTT LABORATORIES	24,572	26,946
AMERICAN EXPRESS CO
APPLE INC	103,406	220,520
GOOGLE INC
MICROSOFT CORP	42,804	61,028
NIKE INC	37,585	106,250
ACE LTD	48,551	58,425
NUVEEN REAL ESTATE SEC	108,888	116,852
OPPENHEIMER DEV MKTS CL Y
RS GLOBAL NATL RES	225,000	92,657
VANGUARD MIDCAP VALUE INX ADM	621,000	731,146
VANGUARD SM CAP INX SIGNAL	440,000	482,438
AQR MANAGED FUTURES	358,500	359,297
EATON CORP PLC	9,687	9,676
AMGEN
ANADARKO PETROLEUM
DEERE & CO	36,176	30,508
JOHNSON & JOHNSON	43,566	51,360
MCKESSON CORP
MONSANTO	45,026	39,408
T ROWE PRICE GROUP INC
3M COMPANY
V F CORP
VISA INC
WELLS FARGO
BOEING CO	42,253	43,377
CABOT OIL GAS CORP CL A	30,424	17,690
CALIFORNIA RESOURCES CORP
COSTCO WHSL CORP	39,723	48,450
CVS HEALTH CORPORATION	49,940	68,048
DANAHER CORP	24,887	76,719
GRAINGER W W INC
HEWLETT PACKARD CO
HEXCEL CORP NEW
HORMEL FOODS CORP	40,570	63,264
J P MORGAN CHASE CO	47,383	52,824
DOVER CORP
LYONDELLBASELL INDUSTRIES CL A	33,608	34,760
MATTHEWS ASIA GROWTH FD	875,000	842,329
MICROCHIP TECHNOLOGY INC
MYLAN INC
P N C FINANCIAL SERVICES GROUP	33,808	38,124
PRICELINE COM INC
SALIENT MLP ENERGY INFRASTRUCT	250,000	138,840
SANDISK CORP
SEMPRA ENERGY
SPDR DOW JONES INTERNATIONAL R	249,300	234,720
SPLUNK INC
T ROWE PRICE EUROPEAN STOCK	625,000	548,221
TRINITY INDS INC
UNITED HEALTH GROUP INC	41,590	132,345
VERIZON COMMUNICATIONS INC
WYNDHAM WORLDWIDE CORP	49,199	45,406
GENERAL MILLS INC

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
POMONA CAPITAL VIII LP	AT COST	103,571	148,357
MADISON INTL RE LIQUIDITY FD V	AT COST	139,529	197,354
ACON LATIN AMER OPP FD IV LP	AT COST	114,989	105,757
CORITHIAN EQUITY FUND II LP	AT COST	236,775	250,195
ENERGY CAPITAL PARTNERS III-B	AT COST	74,284	64,350
YUKON CAPITAL PARTNERS PAR II	AT COST	112,694	113,479
ACTAVIS FUNDING SCS 2.350% 3	AT COST	10,057	10,010
AIRGAS INC 1.650% 2	AT COST	9,940	9,957
ALPHABET INC CL A	AT COST	78,700	182,832
ALPHABET INC CL C	AT COST	31,964	102,449
ALTRIA GROUP INC	AT COST	56,571	215,377
AMAZON COM INC	AT COST	43,252	67,589
AMERICAN EXPRES MTN 2.250% 8	AT COST	9,997	10,002
AMERICAN TOWER CORP	AT COST	39,350	38,780
AMERISOURCEBERGEN CORP	AT COST	23,392	96,243
APACHE CORP 3.625% 2	AT COST	5,152	4,934
APPLE INC 2.850% 5	AT COST	10,132	10,241
AT & T BROADBAND 9.455% 11	AT COST	6,879	6,903
AT T INC 2.450% 6	AT COST	9,764	9,848
BALTIMORE GAS 5.900% 10	AT COST	5,306	5,166
BANK OF AMERICA CORP	AT COST	52,110	50,490
BIOGEN, INC	AT COST	77,060	215,364
BRISTOL MYERS SQUIBB CO	AT COST	97,707	323,313
BROADCOM CORP CL A	AT COST	5,673	14,744
CANADIAN PAC RR 7.250% 5	AT COST	5,906	5,699
CAPITAL ONE 1.260% 1	AT COST	10,011	9,997
CARDINAL HEALTH INC	AT COST	49,923	53,562
CARNIVAL CORP 3.950% 10	AT COST	10,478	10,445
CATERPILLAR FINL MTN 2.050% 8	AT COST	5,070	5,031
CAUSEWAY EMERGING MARKETS INST	AT COST	515,000	508,629
CBS CORP 2.300% 8	AT COST	9,890	9,889
CELGENE CORP	AT COST	97,147	244,310
CERNER CORPORATION	AT COST	42,491	52,468
CHEVRON CORP 4.950% 3	AT COST	11,028	10,895
CHUBB CORP 5.750% 5	AT COST	5,575	5,442
CON EDISON NY 5.850% 4	AT COST	5,415	5,406
CONOCOPHILLIPS CO 3.350% 11	AT COST	4,958	4,573
CONSOLIDATED EDISON 3.300% 12	AT COST	5,020	4,993
CR BARD INC 1.375% 1	AT COST	4,974	4,937
CRG PARTNERS III CAYMAN HOLDIN	AT COST	46,255	43,925
DANAHER CORP 5.625% 1	AT COST	11,079	10,793
DLJ REAL ESTATE CAPTL PARTNRS	AT COST	228,873	262,040
DOLLAR TREE INC	AT COST	67,396	94,826
DOW CHEMICAL CO THE 8.550% 5	AT COST	6,095	5,893
E BAY INC	AT COST	11,043	32,344
EASTMAN CHEMICAL CO 2.700% 1	AT COST	9,973	9,901
EDWARDS LIFESCIENCES CORP	AT COST	7,713	23,694
EMERSON ELECTRIC 4.875% 10	AT COST	5,525	5,488
EXPRESS SCRIPTS HLDGS C	AT COST	40,055	51,222
F H L M C M T N 1.000% 6	AT COST	10,045	9,999
F H L M C M T N 2.375% 1	AT COST	10,051	10,139
F H L M C M T N 3.750% 3	AT COST	27,126	26,767
F H L M C GD G18527 3.000% 10	AT COST	12,787	12,709
F H L M C GD J20129 2.500% 8	AT COST	6,095	6,120
F N M A M T N 5.250% 9	AT COST	15,855	15,471
F N M A #AX8309 3.000% 11	AT COST	17,986	17,887
F N M A DEB 0.875% 2	AT COST	9,961	9,934
FACEBOOK INC A	AT COST	48,080	52,330
FACTSET RESEARCH SYSTEMS INC	AT COST	18,459	60,476
FEDEX CORP 3.200% 2	AT COST	9,773	9,726
FLORIDA POWER LIGHT 5.550% 11	AT COST	5,472	5,343
FORD MOTOR CO 6.500% 8	AT COST	5,645	5,535
GARRISON REAL ESTATE FUND III,	AT COST	134,625	174,229
GENERAL DYNAMICS CORP	AT COST	41,633	41,208
GENERAL ELECTRIC CO 5.250% 12	AT COST	10,917	10,677
GILEAD SCIENCES INC	AT COST	40,594	184,672
HARDING LOEVNER FRONTIER EMERG	AT COST	500,000	408,879
HONEYWELL INTERNATIONAL INC	AT COST	17,365	46,607
ILLINOIS TOOL WK 6.250% 4	AT COST	11,477	11,265
INTUIT INC	AT COST	41,060	38,600
JOHNSON & JOHNSON 5.550% 8	AT COST	10,938	10,694
KROGER CO THE 3.850% 8	AT COST	5,115	5,155
LAS VEGAS SANDS CORP	AT COST	2,805	8,242
MARATHON PETROLEUM CORP	AT COST	44,704	119,439
MASTERCARD INC	AT COST	73,041	178,169
MCDONALDS CORP MTN 5.800% 10	AT COST	10,960	10,676
MONDELEZ INTERNATIONAL W I	AT COST	4,587	11,614
NEWELL RUBBERMAID INC	AT COST	9,658	42,317
NISOURCE FIN CP 6.125% 3	AT COST	11,574	11,446
NORFOLK SOUTHERN 7.700% 5	AT COST	5,549	5,404
NORFOLK SOUTHERN CRP 3.250% 12	AT COST	5,116	4,987
PACKAGING CORP AMERICA	AT COST	47,259	185,998
PAYPAL HOLDINGS INC	AT COST	9,554	25,123
PEPSICO INC 5.000% 6	AT COST	5,479	5,411
PILGRIMS PRIDE CORP	AT COST	47,257	39,762
PORTLAND GEN ELE 6.100% 4	AT COST	5,706	5,578
PRECISION CASTPARTS 1.250% 1	AT COST	9,952	9,923
PROCTER GAMBLE CO 3.100% 8	AT COST	10,137	10,425
PROG ENERGY CAROLINA 2.800% 5	AT COST	9,865	10,008
REPUBLIC SERVICES 3.550% 6	AT COST	10,087	10,212
ROPER INDS INC	AT COST	51,594	56,937
SALESFORCE COM INC	AT COST	14,533	65,856
SCHWAB CHARLES CORP	AT COST	24,444	23,051
SHELL INTL FIN 4.375% 3	AT COST	10,943	10,740
STARBUCKS CORP	AT COST	92,557	269,775
STERICYCLE INC	AT COST	37,134	36,180
THE PRICELINE GROUP INC	AT COST	53,133	81,597
TIME WARNER CABLE INC	AT COST	12,313	42,500
TRANSCANADA CORP	AT COST	47,276	45,626
U S TREASURY NT 0.750% 6	AT COST	10,020	9,969
U S TREASURY NT 0.750% 12	AT COST	9,979	9,932
U S TREASURY NT 1.000% 6	AT COST	24,584	24,587
U S TREASURY NT 1.750% 5	AT COST	14,633	14,754
U S TREASURY NT 2.000% 2	AT COST	4,935	4,971
U S TREASURY NT 2.000% 2	AT COST	19,312	19,551
U S TREASURY NT 2.125% 8	AT COST	10,074	10,118
U S TREASURY NT 2.750% 11	AT COST	15,435	15,654
U S TREASURY NT 3.125% 5	AT COST	10,689	10,635
U S TREASURY NT 3.500% 5	AT COST	27,097	26,877
U S TREASURY NT 3.625% 2	AT COST	16,335	16,179
U S TREASURY NT 4.000% 8	AT COST	10,886	10,728
U S TREASURY NT 4.500% 5	AT COST	16,030	15,720
UNION PACIFIC CORP	AT COST	57,236	39,100
UNITED PARCEL 1.125% 10	AT COST	10,044	9,993
UNIVERSAL HEALTH SVCS INC CL B	AT COST	8,098	23,659
VICTORY TRIVALENT INTERNATIONA	AT COST	250,000	250,898
WAL MART STORES INC	AT COST	32,278	24,520
WALGREENS BOOTS ALLIANCE INC	AT COST	14,177	44,536
WALT DISNEY CO MTN 1.850% 5	AT COST	9,969	10,016
WASTE MANAGEMENT INC 3.500% 5	AT COST	10,048	10,080
WELLS FARGO CO	AT COST	36,225	43,488

- TIN:

TY 2015 LegalFeesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
WELLS LAW FIRM	75			75

- TIN:

TY 2015 OtherAssetsSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME		5,346	5,346

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Amount
EXCESS OF FMV OVER COST OF ASSETS CONT	2,362,195
PRIOR YEAR BOOK TO TAX ADJ	189,321
ADJUSTMENT FOR UBIT	1,424

- TIN:

TY 2015 OtherExpensesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADR FEES	8	8	0
INVESTMENT EXPENSES	5,585	0	5,585
MANAGEMENT FEES	699	0	699
MADISON INTERNATIONAL REAL EST		1,313	0
YUKON CAPITAL PARTNERS PARALLE		5,511	0
CORINTHIAN EQUITY FUND II, LP	5,591	507	0
GARRISON REAL ESTATE FUND III	7,338	4,308	0
ACON LATIN AMERICA OPPORTUNITI		8,693	0
DLJ REAL ESTATE CAPITAL PARTNE	3,283	125	0
CRG III CAYMN - INTEREST PAYME	202	0	0
NEVADA SECRETARY OF STATE	50	0	50
ENERGY CAPITAL PARTNERS III-B,		5,127	0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Revenue And Expenses Per Books	Net Investment Income
CORINTHIAN EQUITY FUND II, LP INCOME		212
GARRISON REAL ESTATE FUND III LP INCOME		27,603
YUKON CAPITAL PARTNERS PARALLEL II, LP I		11,120
ACON LATIN AMERICA OPPORTUNITIES FUND IV	54	4,977
DLJ REAL ESTATE CAPITAL PARTNERS V (U.S.	1,370	1,041

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Amount
MISCELLANEOUS COST BASIS ADJUSTMENT	272

- TIN:

TY 2015 OtherLiabilitiesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Description	Beginning of Year - Book Value	End of Year - Book Value
CORINTHIAN EQUITY FUND II LP	117,760

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSES - 2%	36,476	32,828		3,648

- TIN:

TY 2015 TaxesSchedule

Name:

JERRY A AND KATHLEEN A GRUNDHOFER FAMILY

EIN:

26-1364910

Category	Amount	Net Investment Income
FOREIGN TAXES	5,777	5,777
FEDERAL TAX PAYMENT - PRIOR YE	37,194	0
FEDERAL ESTIMATES - PRINCIPAL	33,178	0
FOREIGN TAXES ON NONQUALIFIED	225	225