TY 2014 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

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
FRANK A RUF TRUST # 016400B

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

43-6018953

B Telephone number (see instructions)

(314) 418-2643

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

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

$11,737,487J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

	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......	250,466		250,466	3,576
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		932,596
b	Gross sales price for all assets on line 6a 4,493,702
7	Capital gain net income (from Part IV, line 2)...			932,596
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,183,062		1,183,062	3,576
13	Compensation of officers, directors, trustees, etc.	143,880		129,492		14,388
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).......		2,500	0	0	2,500
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		8,976	5,929		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	155,356		135,421	0	16,888
25	Contributions, gifts, grants paid........	653,910				653,910
26	Total expenses and disbursements. Add lines 24 and 25	809,266		135,421	0	670,798
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	373,796
b	Net investment income (if negative, enter -0-)			1,047,641
c	Adjusted net income (if negative, enter -0-)...				3,576

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

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..........	35,066	273,125	273,125
	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)........	6,362,706	6,582,699	7,714,715
	c	Investments—corporate bonds (attach schedule)........	2,746,456	2,776,905	3,806,561
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	32,538	-66,885	-56,914
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,176,766	9,565,844	11,737,487
	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.........	9,176,766	9,565,844
	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)......	9,176,766	9,565,844
	31	Total liabilities and net assets/fund balances (see instructions)..	9,176,766	9,565,844

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	9,176,766
2	Enter amount from Part I, line 27a.....................	2	373,796
3	Other increases not included in line 2 (itemize)	3	15,282
4	Add lines 1, 2, and 3..........................	4	9,565,844
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	9,565,844

Form 990-PF (2014)

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	.6667 CDK GLOBAL INC		2011-04-06	2014-10-10
b	. TOYOTA MOTOR CORP ORD			2014-10-21
c	1733.102 NUVEEN CORE PLUS BOND I		1987-09-02	2014-12-02
d	.2 CALIFORNIA RESOURCES CORP		2007-12-10	2014-12-23
e	446. ABBOTT LABORATORIES		2009-04-23	2015-01-13
	42. AIR PRODS CHEMICALS INC		2008-10-20	2015-01-13
	138. AMERICAN ELECTRIC POWER		2009-06-04	2015-01-13
	146. AMERICAN EXPRESS CO		2010-09-27	2015-01-13
	115. AMERIPRISE FINL INC		2010-04-05	2015-01-13
	33. AMGEN INC COMMON STOCK		2008-07-10	2015-01-13
	91. ANADARKO PETE CORP COM W/RIGHTS ATTACHED EXPIRING 11/10/2008		2010-05-21	2015-01-13
	307. APACHE CORP		2006-12-13	2015-01-13
	218. AUTOMATIC DATA PROCESSING		2011-04-06	2015-01-13
	38. AVALONBAY CMNTYS INC		2009-01-14	2015-01-13
	639. BANK OF AMERICA CORP		2009-06-26	2015-01-13
	370. BORG WARNER INC		2010-06-23	2015-01-13
	43. BOSTON PPTYS INC		2011-02-16	2015-01-13
	391. BRUNSWICK CORP		2011-04-06	2015-01-13
	72. CDK GLOBAL INC		2011-04-06	2015-01-13
	286. CABOT MICROELECTRONICS CORPORATION		2011-09-29	2015-01-13
	49. CALIFORNIA RESOURCES CORP		2009-04-13	2015-01-13
	230. CAMERON INTERNATIONAL CORP		2009-02-03	2015-01-13
	428. CEPHEID INC		2011-09-29	2015-01-13
	372. CERNER CORPORATION		2009-02-03	2015-01-13
	388. CHEESECAKE FACTORY INC		2011-09-29	2015-01-13
	250. CITRIX SYS INC		2008-01-28	2015-01-13
	410. COGNIZANT TECH SOLUTIONS CL A		2009-02-03	2015-01-13
	249. CONOCOPHILLIPS		2010-06-22	2015-01-13
	37465.565 CREDIT SUISSE COMM RET ST CO		2013-06-24	2015-01-13
	294. DIRECTV		2009-02-03	2015-01-13
	113. DOLBY LABORATORIES INC CL A		2009-02-03	2015-01-13
	354. DOLLAR TREE INC		2011-04-06	2015-01-13
	221. DOVER CORP		2010-03-04	2015-01-13
	457. E BAY INC		2010-01-29	2015-01-13
	162. EXPRESS SCRIPTS HLDGS C		2009-02-03	2015-01-13
	335. FIFTH THIRD BANCORP		2010-09-27	2015-01-13
	219. FLOWSERVE CORP		2009-02-03	2015-01-13
	453. GENERAL ELEC CO		2010-02-26	2015-01-13
	242. HALLIBURTON CO		2009-02-03	2015-01-13
	50. HUMANA INC		2011-03-16	2015-01-13
	8. HUNTINGTON INGALLS INDUSTRIE		2011-02-25	2015-01-13
	127. JACOBS ENGR GROUP INC		2009-02-03	2015-01-13
	636. KEYCORP		2011-02-16	2015-01-13
	110. KNOWLES CORP		2010-03-04	2015-01-13
	822. LKQ CORP		2011-09-29	2015-01-13
	199. LINCOLN NATIONAL CORP		2011-02-16	2015-01-13
	600. MARATHON OIL CORPORATION		2005-07-22	2015-01-13
	310. MASTERCARD INC		2009-08-03	2015-01-13
	835. MAXIM INTEGRATED PRODS INC		2009-08-13	2015-01-13
	233. MCGRAW HILL FINANCIAL INC		2011-04-06	2015-01-13
	184. METLIFE INC		2010-01-27	2015-01-13
	51. NORTHROP GRUMMAN CORPORATION		2011-02-25	2015-01-13
	123. OCCIDENTAL PETE CORP COM		2009-04-13	2015-01-13
	171. P N C FINANCIAL SERVICES GROUP INC		2009-04-30	2015-01-13
	642. PFIZER INC		2010-09-14	2015-01-13
	124. PHILLIPS 66		2010-06-22	2015-01-13
	127. PRAXAIR INC		2009-02-03	2015-01-13
	231. T ROWE PRICE GROUP INC		2009-02-03	2015-01-13
	26. THE PRICELINE GROUP INC		2009-02-03	2015-01-13
	181. PRUDENTIAL FINANCIAL INC		2009-06-26	2015-01-13
	647. ROLLINS INC		2011-09-29	2015-01-13
	599. SPS COMMERCE INC		2011-09-29	2015-01-13
	500. SPDR DOW JONES INTERNATIONAL ETF		2013-07-01	2015-01-13
	200. SCHEIN HENRY INC COM W/RIGHTS ATTACHED EXPIRING 11/30/2008		2009-02-03	2015-01-13
	113. SCHLUMBERGER LTD ORD		2009-02-03	2015-01-13
	33. SIMON PROPERTY GROUP INC		2011-02-16	2015-01-13
	275. STARBUCKS CORP		2011-04-06	2015-01-13
	250. TJX COMPANIES INC		2010-10-28	2015-01-13
	389. TEXAS INSTRUMENTS INC		2009-02-03	2015-01-13
	155. THERMO FISHER SCIENTIFIC INC		2009-02-03	2015-01-13
	820. TRIMBLE NAV LTD		2010-02-22	2015-01-13
	207. ULTIMATE SOFTWARE GROUP INC		2011-09-29	2015-01-13
	267. UNITED NAT FOODS INC		2011-09-29	2015-01-13
	101. UNITED TECHNOLOGIES CORP COM		2011-03-16	2015-01-13
	201. VARIAN MED SYS INC		2010-02-09	2015-01-13
	65. VISA INC		2009-04-24	2015-01-13
	16. WASHINGTON PRIME GROUP		2011-02-16	2015-01-13
	80. WASTE MGMT INC		2009-04-23	2015-01-13
	115. ALLEGION PLC		2009-04-22	2015-01-13
	347. INGERSOLL RAND PLC		2009-04-22	2015-01-13
	19860.973 NUVEEN STRATEGIC INCOME I		2006-12-21	2015-01-15
	28265.196 SCOUT INTERNATIONAL FUND		2013-07-12	2015-01-15
	46. HESS CORP		2011-09-29	2015-01-21
	379. HESS CORP		2013-07-12	2015-01-21
	120. ALLERGAN INC		2008-11-26	2015-03-17
	52. ALLERGAN INC		2010-04-09	2015-03-17
	.3476 ACTAVIS PLC		2015-03-17	2015-04-01
	.3651 GOOGLE INC		2011-01-04	2015-05-06
	539. TRW AUTOMOTIVE HOLDINGS CORP		2015-01-21	2015-05-15
	32837.128 NUVEEN CORE PLUS BOND I		1987-09-02	2015-05-29
	778.768 VANGUARD MID CAP INDEX ADM		2003-10-24	2015-05-29
	190000. BMO 2Y EFA TW MTN 7/30/15		2013-07-25	2015-07-30
	190000. JPM 2Y EEM TW MTN 7/30/15		2013-07-25	2015-07-30
	3800. SPDR S P 500 ETF		2013-05-30	2015-08-10
	8600. CALL ON EFA 08/07/15 @ 66.810		2014-08-07	2015-08-18
	8600. PUT ON EFA 08/07/15 @ 52.400		2014-08-07	2015-08-18
	3800. PUT ON SPY 8/12/11 @ 98.56		2014-08-08	2015-08-18
	3800. PUT ON SPY 8/12/11 @ 98.56		2014-08-08	2015-08-18
	8600. CALL ON EFA 08/07/15 @ 66.810		2014-08-07	2015-08-19
	8600. PUT ON EFA 08/07/15 @ 52.400		2014-08-07	2015-08-19
	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	18	13	5
b	64		64
c	19,965	18,301	1,664
d	1	1
e	20,076	8,997	11,079
	6,028	2,546	3,482
	8,600	3,688	4,912
	13,231	5,226	8,005
	14,886	5,358	9,528
	5,253	1,694	3,559
	6,915	4,920	1,995
	18,070	21,220	-3,150
	18,569	9,954	8,615
	6,665	1,999	4,666
	10,693	7,588	3,105
	19,357	7,422	11,935
	5,975	2,306	3,669
	21,164	10,172	10,992
	3,050	1,427	1,623
	13,254	9,957	3,297
	210	284	-74
	10,062	4,857	5,205
	24,388	16,781	7,607
	24,606	3,285	21,321
	20,515	9,791	10,724
	15,093	9,069	6,024
	22,582	3,975	18,607
	15,684	11,095	4,589
	218,424	272,000	-53,576
	25,073	6,641	18,432
	4,775	2,921	1,854
	24,505	10,084	14,421
	15,386	7,801	7,585
	25,566	10,762	14,804
	13,647	4,694	8,953
	6,303	3,469	2,834
	12,445	3,997	8,448
	10,903	6,703	4,200
	9,424	4,237	5,187
	7,390	3,193	4,197
	928	319	609
	5,201	4,868	333
	8,204	5,138	3,066
	2,561	1,531	1,030
	22,162	10,118	12,044
	10,833	5,092	5,741
	15,873	10,200	5,673
	26,311	5,880	20,431
	27,304	13,925	13,379
	20,918	9,222	11,696
	9,318	5,868	3,450
	7,853	3,173	4,680
	9,316	7,887	1,429
	14,757	6,886	7,871
	21,160	10,114	11,046
	7,901	3,281	4,620
	16,083	7,923	8,160
	19,527	6,202	13,325
	27,568	1,821	25,747
	15,372	7,308	8,064
	21,315	12,150	9,165
	32,655	10,029	22,626
	21,414	19,880	1,534
	28,232	7,636	20,596
	8,888	4,631	4,257
	6,519	3,339	3,180
	22,492	10,043	12,449
	17,050	3,846	13,204
	21,056	6,231	14,825
	20,145	5,437	14,708
	21,456	11,004	10,452
	30,555	9,930	20,625
	20,745	10,099	10,646
	11,723	7,213	4,510
	17,678	8,144	9,534
	17,245	3,831	13,414
	285	206	79
	4,139	2,113	2,026
	6,423	1,343	5,080
	21,753	5,253	16,500
	223,039	200,000	23,039
	903,073	982,651	-79,578
	3,293	2,539	754
	27,129	27,011	118
	28,986	4,239	24,747
	12,561	3,305	9,256
	102	106	-4
	193	110	83
	56,918	55,631	1,287
	375,000	346,755	28,245
	125,000	42,966	82,034
	196,956	190,000	6,956
	206,944	190,000	16,944
	769,212	632,665	136,547
		24,516	-24,516
		31,310	-31,310
		39,866	-39,866
	13,789		13,789
	28,459		28,459
	10,313		10,313
			153,104

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			5
b			64
c			1,664
d
e			11,079
			3,482
			4,912
			8,005
			9,528
			3,559
			1,995
			-3,150
			8,615
			4,666
			3,105
			11,935
			3,669
			10,992
			1,623
			3,297
			-74
			5,205
			7,607
			21,321
			10,724
			6,024
			18,607
			4,589
			-53,576
			18,432
			1,854
			14,421
			7,585
			14,804
			8,953
			2,834
			8,448
			4,200
			5,187
			4,197
			609
			333
			3,066
			1,030
			12,044
			5,741
			5,673
			20,431
			13,379
			11,696
			3,450
			4,680
			1,429
			7,871
			11,046
			4,620
			8,160
			13,325
			25,747
			8,064
			9,165
			22,626
			1,534
			20,596
			4,257
			3,180
			12,449
			13,204
			14,825
			14,708
			10,452
			20,625
			10,646
			4,510
			9,534
			13,414
			79
			2,026
			5,080
			16,500
			23,039
			-79,578
			754
			118
			24,747
			9,256
			-4
			83
			1,287
			28,245
			82,034
			6,956
			16,944
			136,547
			-24,516
			-31,310
			-39,866
			13,789
			28,459
			10,313

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	932,596
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))
2013	690,996	13,019,754	0.053073
2012	613,614	11,918,951	0.051482
2011	512,506	10,871,215	0.047143
2010	677,041	10,728,123	0.063109
2009	479,718	10,938,131	0.043857

2	Total of line 1, column (d) ......................	2	0.258664
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	0.051733
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	12,775,445
5	Multiply line 4 by line 3.......................	5	660,912
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	10,476
7	Add lines 5 and 6.........................	7	671,388
8	Enter qualifying distributions from Part XII, line 4..............	8	670,798
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 (2014)

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 hereand 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	20,953
	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	20,953
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	20,953
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	6,029
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	6,029
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	14,924
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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

(314) 418-2643

Located at bullet

PO BOX 387ST LOUISMO ZIP+4 bullet

63166

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 2014, 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

Form 990-PF (2014)

Page 6

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 2014?.............

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 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............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 2014 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 2014.)....................

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 2014?

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 (2014)

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 N A	TRUSTEE 0	143,880
PO BOX 387 ST LOUIS,MO63166	TRUSTEE 0	143,880

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

Form 990-PF (2014)

Page 8

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

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

12,787,422

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

182,573

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

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

12,969,995

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

12,969,995

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

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

194,550

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

12,775,445

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

638,772

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

638,772

Tax on investment income for 2014 from Part VI, line 5......

20,953

Income tax for 2014. (This does not include the tax from Part VI.)...

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

20,953

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

617,819

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

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

617,819

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

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

617,819

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 ..........

670,798

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

670,798

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

670,798

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 (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					617,819
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	0
b From 2010.......	21,032
c From 2011.......	0
d From 2012.......	24,755
e From 2013.......	52,066
fTotal of lines 3a through e.........		97,853
4Qualifying distributions for 2014 from Part
XII, line 4: $ 670,798
a Applied to 2013, 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 2014 distributable amount.....					617,819
e Remaining amount distributed out of corpus		52,979
5 Excess distributions carryover applied to 2014.		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		150,832
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 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. 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 2009 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		150,832
10 Analysis of line 9:
a Excess from 2010....	21,032
b Excess from 2011....	0
c Excess from 2012....	24,755
d Excess from 2013....	52,066
e Excess from 2014....	52,979

Form 990-PF (2014)

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 2014, 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) 2014	(b) 2013	(c) 2012	(d) 2011	(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).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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 (2014)

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
BJC HEALTH SYSTEM FOR ST LOUIS CHILDRENS HOSPITAL 4444 FOREST PARK AVENUE SAINT LOUIS,MO631082212	NONE	PC	EXEMPT PURPOSE	653,910
Total ................................. 3a				653,910

bApproved for future payment

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

Form 990-PF (2014)

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	250,466
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	932,596
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,183,062

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

131,183,062

(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 (2014)

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

Yes

organizations?

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 address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

FRANK A RUF TRUST # 016400B

EIN: 43-6018953

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	2,500			2,500

- TIN:

TY 2014 OtherIncreasesSchedule

Name:

FRANK A RUF TRUST # 016400B

EIN: 43-6018953

Description	Amount

- TIN:

TY 2014 TaxesSchedule

Name:

FRANK A RUF TRUST # 016400B

EIN: 43-6018953

Category	Amount	Net Investment Income
ESTIMATED EXCISE TAX PAYMENTS	3,047	0
FOREIGN TAXES PAID	116	116
FOREIGN TAXES PAID	5,813	5,813