TY 2015 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	15,000
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	2,022,826	2,022,826
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		775,813
b	Gross sales price for all assets on line 6a 5,454,883
7	Capital gain net income (from Part IV, line 2)...		775,813
8	Net short-term capital gain.........
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........	2,813,639	2,798,639
	13	Compensation of officers, directors, trustees, etc.	414,940	41,494		373,446
14	Other employee salaries and wages......	371,395	7,550		363,845
15	Pension plans, employee benefits.......	113,336	5,406		107,931
16a	Legal fees (attach schedule).........		11,972	0		10,903
b	Accounting fees (attach schedule).......		18,735	7,494		11,241
c	Other professional fees (attach schedule)....		208,521	177,475		62,267
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		76,704	3,811		47,274
19	Depreciation (attach schedule) and depletion...		2,887	0
20	Occupancy..............	68,754	3,438		65,317
21	Travel, conferences, and meetings.......	111,131	0		113,673
22	Printing and publications..........	5,216	0		5,216
23	Other expenses (attach schedule).......		70,044	3,488		62,023
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,473,635	250,156		1,223,136
25	Contributions, gifts, grants paid.......	3,833,796			3,344,907
26	Total expenses and disbursements. Add lines 24 and 25	5,307,431	250,156		4,568,043
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,493,792
b	Net investment income (if negative, enter -0-)		2,548,483
c	Adjusted net income (if negative, enter -0-)...

Part II	Balance Sheets	Attached schedules and amounts in the description column should be for end-of-year amounts only. (See instructions.)	Beginning of year	End of year
	1	Cash—non-interest-bearing.............	146,821	373,327	373,327
2	Savings and temporary cash investments.........
3	Accounts receivable 1,763
	Less: allowance for doubtful accounts		1,763	1,763
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
8	Inventories for sale or use..............
9	Prepaid expenses and deferred charges..........	13,537	7,383	7,383
10a	Investments—U.S. and state government obligations (attach schedule)	5,006,226	4,966,219	4,966,219
b	Investments—corporate stock (attach schedule).......	71,795,439	65,195,810	65,195,810
c	Investments—corporate bonds (attach schedule).......	15,208,979	15,478,879	15,478,879
11	Investments—land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
12	Investments—mortgage loans.............
13	Investments—other (attach schedule)..........	2,792,317	3,030,405	3,030,405
14	Land, buildings, and equipment: basis 159,071
	Less: accumulated depreciation (attach schedule) 128,222	4,915	30,849	30,849
15	Other assets (describe )	3,439,992	3,287,072	3,287,072
16	Total assets (to be completed by all filers—see the
	instructions. Also, see page 1, item I)	98,408,226	92,371,707	92,371,707
	17	Accounts payable and accrued expenses..........	33,827	2,832
18	Grants payable..................	696,584	1,185,473
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 )	66,857	0
23	Total liabilities (add lines 17 through 22).........	797,268	1,188,305
		Foundations that follow SFAS 117, check here
	and complete lines 24 through 26 and lines 30 and 31.
24	Unrestricted..................	94,170,966	87,896,330
25	Temporarily restricted...............	3,439,992	3,287,072
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........
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).....	97,610,958	91,183,402
31	Total liabilities and net assets/fund balances (see instructions).	98,408,226	92,371,707

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	27,120		27,120
b	649		649
c	4,920,000	4,679,070	240,930
d	507,114		507,114
e

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	775,813
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

(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	4,709,735	92,337,367	0.051006
2013	4,401,113	86,780,538	0.050715
2012	3,942,192	77,443,169	0.050904
2011	3,636,692	74,541,476	0.048787
2010	3,762,213	74,778,731	0.050311

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	25,485
	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	25,485
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	25,485
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	33,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7	33,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8
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	7,515
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax7,515	Refunded	11	0

(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
MR CARLYLE BROWN	Director 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
MS BARBARA MCLANAHAN	Director, Secretary 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
Mr Calogero Salvo	Director, Co-Vice Chair 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
MR CHARLES ZELLE	Director, Chair 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
Ms Cynthia Gehrig	President, Part Year 40.00	302,536	12,347	5,257
400 SIBLEY STREET SUITE 125 St Paul,MN55101
Dr Gary Nan Tie	Director, Treasurer 2.00	0	0	0
400 Sibley Street Suite 125 st Paul,MN55101
Mr Philip Bither	Director, Co-Vice Chair 2.00	0	0	0
400 Sibley Street Suite 125 st Paul,MN55101
Ms Patricia Hampl	Director 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
Ms Elizabeth Streb	Director 2.00	0	0	0
400 Sibley Street Suite 125 St Paul,MN55101
MS LINDA EARLE	DIRECTOR 2.00	0	0	0
400 SIBLEY STREET SUITE 125 ST PAUL,MN55101
Ben Cameron	President, Part Year 40.00	112,404	9,689	0
400 Sibley Street Suite 125 St Paul,MN55101


ROBERT BYRD	Program Director 40.00	107,892	21,924	0
400 Sibley Street Suite 125 St Paul,MN55101
ELEANOR SAVAGE	Senior Program Offic 40.00	93,276	21,522	0
400 Sibley Street Suite 125 St Paul,MN55101
Karen Fjorden	Controller 32.00	75,556	26,762	0
400 Sibley Street Suite 125 St Paul,MN55101
JEREMY MECKLER	DATA SPECIALIST / AS 40.00	60,209	16,610	0
400 SIBLEY STREET SUITE 125 ST PAUL,MN55101


Total number of other employees paid over $50,000...................	0

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	GENERAL GRANTS PROGRAM AND SERVICE PROGRAM: THE FOUNDATION AWARDS GRANTS TO ORGANIZATIONS IN MINNESOTA AND NEW YORK CITY TO COMMISSION, PRODUCE, PRESENT OR EXHIBIT EMERGING ARTISTS THROUGH THE GENERAL GRANTS PROGRAM. ORGANIZATIONS SERVING ARTISTS IN DANCE, LITERATURE, MEDIA, MULTIDISCIPLINE ARTS, MUSIC, THEATER, AND VISUAL ARTS ARE ALL SUPPORTED. THE FOUNDATION ALSO DONATES TIME AND RELATED EXPENSES OF STAFF TO OTHER NONPROFIT ORGANIZATIONS, INDIVIDUAL ARTISTS, GOVERNMENT AGENCIES AND NONPROFIT TASK FORCES AND COMMITTEES AS DEEMED APPROPRIATE AND AS ALLOWED BY CONFLICT OF INTEREST POLICIES.	2,590,946
2	NEW YORK CITY FILM, VIDEO, AND DIGITAL PRODUCTION GRANT PROGRAM: ($475,671)NEW YORK CITY FILM, VIDEO, AND DIGITAL PRODUCTION GRANTS ARE AWARDED TO EMERGING FILM, VIDEO AND DIGITAL ARTISTS TO PRODUCE SPECIFIC PROPOSED FILM PROJECTS. THE PROGRAM SUPPORTS NARRATIVE, EXPERIMENTAL, ANIMATED AND DOCUMENTARY FILM GENRES, WITH GRANTS AWARDED TO THE FILM DIRECTOR(S) WHO RETAINS ULTIMATE CREATIVE CONTROL. NEW YORK CITY FILMMAKERS ARE JUDGED ANNUALLY AND GRANTS AWARDED IN SEPARATE GRANTS COMPETITIONS.MINNESOTA FILM, VIDEO, AND DIGITAL PRODUCTION GRANT PROGRAM: ($90,030)MINNESOTA FILM, VIDEO, AND DIGITAL PRODUCTION GRANTS ARE AWARDED TO EMERGING FILM, VIDEO AND DIGITAL ARTISTS TO PRODUCE SPECIFIC PROPOSED FILM PROJECTS. THE PROGRAM SUPPORTS NARRATIVE, EXPERIMENTAL, ANIMATED AND DOCUMENTARY FILM GENRES, WITH GRANTS AWARDED TO THE FILM DIRECTOR(S) WHO RETAINS ULTIMATE CREATIVE CONTROL. MINNESOTA FILMMAKERS ARE JUDGED ANNUALLY AND GRANTS AWARDED IN SEPARATE GRANTS COMPETITIONS.	565,701
3	TRAVEL AND STUDY GRANT PROGRAM : TRAVEL AND STUDY GRANTS ARE AWARDED TO ALLOW EMERGING ARTISTS AND MINNESOTA-BASED ARTS ADMINISTRATORS TO TRAVEL FOR PURPOSES OF PROFESSIONAL DEVELOPMENT, RESEARCH AND ARTISTIC ENRICHMENT. SPECIFIC DISCIPLINES ARE SUPPORTED IN ALTERNATING YEARS: IN 2016, ARTISTS IN LITERATURE, DANCE AND FILM/VIDEO/DIGITAL PRODUCTION WERE SUPPORTED.	168,491
4	Composer/Sound Artist Fellowship Program:The Composer/Sound Artist Fellowship Program supports creative investigation and professional development for music composers and sound artists. Introduced as a pilot program in 2016, this program, like the Travel and Study grants, prioritizes research and investigation but is not necessarily linked to production of a specific work.	19,769

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
Amanda Lovelee 3852 Snelling Ave Minneapolis,MN55406	None	N/A	Travel and Study Grant Trip	5,000
American Composers Forum 332 Minnesota Street E-145 Saint Paul,MN55101	None	Public Charity	JFund for New Music and Minnesota Emerging Composers' Award Program	200,000
Anja Marquardt 273 18th Street Apt 3 Brooklyn,NY11215	None	N/A	Film and Video Production	10,000
Anne Henly 1223 4th Street Northeast Minneapolis,MN55413	None	N/A	Travel and Study Grant Trip	2,251
Annie Ewaskio 28 Hampton Place 2 Brooklyn,NY11213	None	N/A	Travel and Study Grant Trip	5,000
Asian American Writers' Workshop 112 West 27th Street Suite 600 New York,NY10001	None	Public Charity	Margins Fellowship Program	24,000
Ayana Evans 255 West 43rd Street Apt 927 New York,NY10036	None	N/A	Travel and Study Grant Trip	2,511
BAADBronx Academy of Arts and Dance 2474 Westchester Avenue Bronx,NY10461	None	Public Charity	Open Call Program	18,500
Brian Alfred 57 Maspeth Avenue 3B Brooklyn,NY11211	None	N/A	Film and Video Production	5,000
Bronx Museum of the Arts (The) 1040 Grand Concourse Bronx,NY10456	None	Public Charity	Artists in the Marketplace Program and Biennial Exhibition	20,000
Brooklyn Arts Exchange 421 Fifth Avenue Brooklyn,NY11215	None	Public Charity	Artists in Residence Program	11,000
Brooklyn Arts Exchange (fiscal agent) for Marjani Forte-Saunders 25 St Nicholas Terrace Apt 68 New York,NY10027	None	Public Charity	New work by Marjani Forte-Saunders	9,900
Camera Club of New York 336 West 37th Street Suite 206 New York,NY10018	None	Public Charity	Workspace Residency Program	18,000
Carlye Rubin and Katie Green 441 East 20th Street Apt 1A New York,NY10010	None	N/A	Film and Video Production	25,000
Carver Audain 80 Vernon Avenue 2nd Floor Brooklyn,NY11206	None	N/A	Travel and Study Grant Trip	4,300
Cathy Linh Che 1326 Sterling Place 2L Brooklyn,NY11213	None	N/A	Travel and Study Grant Trip	4,251
Cave Canem 20 Jay Street Suite 310-A Brooklyn,NY11201	None	Public Charity	Writing Workshops for emerging poets	20,000
Cecile Chong 153 Berkeley Place 1 Brooklyn,NY11217	None	N/A	Travel and Study Grant Trip	4,000
Cecilia Aldarondo 770 Hancock Street Apt 1 Brooklyn,NY11233	None	N/A	Film and Video Production	15,000
Cedar Cultural Center 416 Cedar Avenue South Minneapolis,MN55454	None	Public Charity	416 Club Commissions Program for Emerging Minnesota Composers	32,000
Center for Fiction 17 East 47th Street New York,NY10017	None	Public Charity	Emerging Writers Fellowship Program	42,500
Chocolate Factory Theater (The) 5-49 49th Avenue Long Island City,NY11101	None	Public Charity	Commissioning and production of new works	32,000
Christina A Olivares 3605 Kingsbridge Avenue 4G Bronx,NY10463	None	N/A	Travel and Study Grant Trip	1,453
Claire Miye Stanford 1908 Hennepin Avenue South Apt 2 Minneapolis,MN55403	None	N/A	Travel and Study Grant Trip	2,600
Claudia Bitran 410 Marcus Garvey Boulevard Apt 3 Brooklyn,NY11216	None	N/A	Film and Video Production	12,000
Coffee House Press 79 Thirteenth Avenue NE Suite 110 Minneapolis,MN55413	None	Public Charity	Publication of books by emerging writers	21,000
Community of Literary Magazines and Presses 154 Christopher Street Suite 3C New York,NY10014	None	Public Charity	FACE OUT: Maximizing the Visibility of Emerging Writers	46,000
COMPOSERSOUND ARTIST FELLOWSHIP 400 Sibley Street Suite 125 saint paul,MN55101	none	Public Charity	Program Administration	19,769
Council on Foundations 2121 Crystal Drive Suite 700 Arlington,VA22202	None	Public Charity	Membership and General Support	14,100
Cowles Center for Dance and Performing Arts 528 Hennepin Avenue Suite 200 Minneapolis,MN55403	None	Public Charity	Momentum: New Dance Works Festival	40,000
Cultural Data Project 400 Market Street Suite 600 Philadelphia,PA19106	None	Public Charity	Support for Minnesota and New York City Program Operations	9,000
Dawn Bentley 2024 Lexington Avenue North Roseville,MN55113	None	N/A	Travel and Study Grant Trip	5,000
Debate Society (The) PO Box 283 Greenpoint Station Brooklyn,NY11222	None	Public Charity	Jerome@Camargo Residency	18,146
Deepak Rauniyar 1675 Gates Avenue 3R Ridgewood,NY11385	None	N/A	Film and Video Production	20,000
Dixon PlaceOpen Channels 161A Chrystie Street Ground Floor New York,NY10002	None	Public Charity	Mondo Cane Commissioning Program and Artists in Residence Program	30,000
Eliana Ujueta 193 13th Street New York,NY11215	None	N/A	Film and Video Production	20,000
Elliot Malcolm and Joe Davis 882 Connor Court Maplewood,MN55109	None	N/A	Film and Video Production	7,970
Ensemble Studio Theatre 549 West 52nd Street New York,NY10019	None	Public Charity	Youngblood Program	20,000
Eric William Carroll 2317 Bryant Avenue 4 Minneapolis,MN55405	None	N/A	Travel and Study Grant Trip	4,000
Ethel's Foundation for the Arts 132 East 43rd Street 213 New York,NY10017	None	Public Charity	Homebaked Commissioning Program	20,000
Eyebeam Art Technology Center 540 West 21st Street New York,NY10011	None	Public Charity	Artists @ Eyebeam Residencies	15,000
Field ThePerformance Zone Inc (fiscal agent) for Aaron Landsman 110 Lenox Road 6H Brooklyn,NY11226	None	Public Charity	New work by Aaron Landsman	12,500
Field ThePerformance Zone Inc (fiscal agent) for Faye Driscoll Dance Gro 71 4th Avenue Brooklyn,NY11217	None	Public Charity	New work by Faye Driscoll Dance Group	16,000
Field ThePerformance Zone Inc (fiscal agent) for Juliana F MayMAYDANCE 51-02 Vernon Boulevard Apt 3f New York,NY11101	None	Public Charity	New work by Juliana F. May/MAYDANCE	5,000
Field ThePerformance Zone Inc (fiscal agent) for Lone Wolf Tribe 138 South Oxford Street Brooklyn,NY11217	None	Public Charity	New work by Lone Wolf Tribe	9,000
Field ThePerformance Zone Inc (fiscal agent) for Yanira Castro 135 Clinton Avenue Apt 1 Brooklyn,NY11205	None	Public Charity	New work by Yanira Castro	10,000
Foundation Center 79 Fifth Avenue New York,NY10003	None	Public Charity	General Operating and Membership Support	2,500
Foundry Theatre (The) 140-142 Second Avenue Suite 405 New York,NY10003	None	Public Charity	Creation, development, and production of new works by emerging artists	28,000
Four Way Books PO Box 535 Village Station New York,NY10014	None	Public Charity	Publication of books by emerging writers	20,000
Franconia Sculpture Park 29836 St Croix Trail Shafer,MN55074	None	Public Charity	FSP/Jerome Fellowships	39,000
Franklin Furnace 80 Hanson Place 301 Brooklyn,NY11217	None	Public Charity	Franklin Furnace Fund	42,000
Fres Albra Thao 2285 University Avenue 257 Saint Paul,MN55114	None	N/A	Travel and Study Grant Trip	5,000
Ginny Sims 1405 East 38th Street Minneapolis,MN55407	None	N/A	Travel and Study Grant Trip	3,655
Grantmakers in the Arts 4055 21st Avenue West Suite 100 Seattle,WA98199	None	Public Charity	General Operating and Membership Support Annual Conference in Saint Paul	11,000
Grantmakers in the Arts 4055 21st Avenue West Suite 100 Seattle,WA98199	None	Public Charity	Annual Conference in Saint Paul	10,000
Hadi Eldebek 6807 Ridge Boulevard Brooklyn,NY11220	None	N/A	Travel and Study Grant Trip	4,950
Hannah Jayanti 188 Eagle Street Apt 14 Brooklyn,NY11222	None	N/A	Film and Video Production	15,000
Harlem Stage (Aaron Davis Hall) 150 Convent Avenue New York,NY10031	None	Public Charity	Emerging artists' commissions in the Fund for New Work	25,000
Heidi Hahn 1090 Manhattan Avenue Apt 2F Brooklyn,NY11222	None	N/A	Travel and Study Grant Trip	4,200
Henry Street SettlementAbrons Art Center 466 Grand Street New York,NY10002	None	Public Charity	Commissioning and production of new works	21,000
HERE Arts Center 145 Sixth Avenue New York,NY10013	None	Public Charity	HERE Artist Residency Program	22,000
Highpoint Center for Printmaking 912 West Lake Street Minneapolis,MN55408	None	Public Charity	Emerging Printmakers' Residency Program	20,000
Independent Feature Project Minnesota 2446 University Avenue West Suite 100 Saint Paul,MN55114	None	Public Charity	MNtv Program	35,000
Independent Feature Project Minnesota 2446 University Avenue West Suite 100 Saint Paul,MN55114	None	Public Charity	Training & Professional Development for emerging artists	33,000
Intermedia Arts 2822 Lyndale Avenue South Minneapolis,MN55408	None	Public Charity	Beyond the Pure Fellowships and VERVE Grants	67,500
Ivy Baldwin Dance 191 Willoughby Street Apt 16D Brooklyn,NY11201	None	Public Charity	Development and production of new work	13,000
James N Kienitz-Wilkins 138 St Nicholas Avenue 3R Brooklyn,NY11237	None	N/A	Film and Video Production	15,000
Jamie Sisley 356 Court Street Brooklyn,NY11231	None	N/A	Film and Video Production	20,736
Janaki Ranpura 3109 21st Avenue South Minneapolis,MN55407	None	N/A	Travel and Study Grant Trip	4,500
Ja'Tovia M Gary 259 Madison Street 3 Brooklyn,NY11216	None	N/A	Film and Video Production	20,000
Jazz Gallery (The) 1160 Broadway 5th Floor PO Box 153 Lenon Hill Station New York,NY10021	None	Public Charity	Residency Commissions	25,000
Jeff Rathermel 2034 Eleanor Avenue Saint Paul,MN55116	None	N/A	Travel and Study Grant Trip	5,000
Jerome Foundation - Miscellaneous Programs 400 Sibley Street Suite 125 Saint Paul,MN55101	None	Public Charity	PROG SUPPORT FOR CAMARGO FDN, FELLOWSHIP PROG DESIGN, JEROME HILL FILMS AND MATERIALS.	151,850
Jesse Roesler 5301 Harriet Ave Minneapolis,MN55419	None	N/A	Film and Video Production	15,000
Jesse Sweet 11 Saint Francis Place Brooklyn,NY11216	None	N/A	Film and Video Production	10,000
Jiny Ung 57-06 84th Street Apt 1 Elmhurst,NY11373	None	N/A	Film and Video Production	6,800
John Paul Su 620 West 171st Street Apt 4F New York,NY10032	None	N/A	Film and Video Production	10,000
Jon Burklund and Ilana Stuelpner 3723 18th Avenue Apt 9B Brooklyn,NY11218	None	N/A	Travel and Study Grant Trip	5,000
Josh Koury and Myles Kane 122 West Street 1F Brooklyn,NY11222	None	N/A	Film and Video Production	20,000
Karina Aguilera Skvirsky 312 East 23rd Street Apt 7A New York,NY10010	None	N/A	Film and Video Production	10,000
Kelman Duran 3155 Grand Concouse Apt 3B Bronx,NY10468	None	N/A	Film and Video Production	10,000
Kevin Armento and Jaki Bradley 108 Macon Street Apt 2 Brooklyn,NY11216	None	N/A	Travel and Study Grant Trip	1,500
Kitchen (The) 512 West 19th Street New York,NY10011	None	Public Charity	Emerging Artists' Commissions	26,000
Krissy Bergmark 4437 2nd Avenue South Minneapolis,MN55419	None	N/A	Travel and Study Grant Trip	5,000
lachugar Inc 41 Withers Street Apt 3R Brooklyn,NY11211	None	Public Charity	Development and production of new work	16,000
Laimah Osman 458 Rutland Road Apt 1 Brooklyn,NY11203	None	N/A	Travel and Study Grant Trip	5,000
LaMaMa Experimental Theatre Company (fiscal agent) for Katy Pyle 1383 Dean Street 4w Brooklyn,NY11216	None	Public Charity	New work by Katy Pyle	12,000
Lanesboro Arts Center PO Box 152 Lanesboro,MN55949	None	Public Charity	Emerging Artist Residency Program	18,000
Laundromat Project (The) 127 West 127th Street Suite 324 New York,NY10027	None	Public Charity	Create Change Artist Residencies and Commissions Program	17,250
Lower Manhattan Cultural Council 125 Maiden Lane 2nd Floor New York,NY10038	None	Public Charity	Workspace Program	28,000
Mabou Mines PO Box 1940 Peter Stuyvesant Station New York,NY10009	None	Public Charity	Suite Resident Artist Program	30,000
Madeleine Olnek 55 West 14th Street Apt 18B New York,NY10011	None	N/A	Film and Video Production	20,000
Madhu Kaza 355 Stratford Road 5A Brooklyn,NY11218	None	N/A	Travel and Study Grant Trip	3,460
Maliya Gorman-Carter 2427 Grand Avenue South Minneapolis,MN55405	None	N/A	Travel and Study Grant Trip	5,000
ManSee Kong 82-76 160th Street Jamaica,NY11432	None	N/A	Travel and Study Grant Trip	5,000
Marie Losier c/o Dubson 39-56 47th Street Sunnyside,NY11104	None	N/A	Film and Video Production	5,000
Marisa Tesauro 516 8th Street Brooklyn,NY11215	None	N/A	Travel and Study Grant Trip	3,710
Mauricio Arango 411 St Johns Place Apt 10 Brooklyn,NY11238	None	N/A	Travel and Study Grant Trip	5,000
May Lee-Yang 2124 Magnolia Avenue East Saint Paul,MN55119	None	N/A	Travel and Study Grant Trip	4,100
Ma-Yi Theater Company 520 - 8th Avenue Room 309 New York,NY10018	None	Public Charity	Development and production of new works	18,000
Media Impact Funders 200 West Washington Square Suite 220 Philadelphia,PA19106	None	Public Charity	General Operating and Membership Support	1,000
Melina Leon 466 West 146th Street Apt 2 New York,NY10031	None	N/A	Film and Video Production	20,000
Mengqian Chen 1910 Colfax Avenue South Apt 103 Minneapolis,MN55403	None	N/A	Film and Video Production	14,095
Metropolitan Regional Arts Council (fiscal agent) for Minnesota Citizens fo 2233 University Avenue West Suite 355 Saint Paul,MN55114	None	Public Charity	Creative Minnesota Task Force for Minnesota Citizens for the Arts	1,500
Metropolitan Regional Arts Council (fiscal agent) for Minnesota Citizens fo 2233 University Avenue West Suite 355 Saint Paul,MN55114	None	Public Charity	Minnesota Citizens for the Arts Creative Minnesota Study	10,000
Michelle Westmark Wingard 4833 2nd Avenue South Minneapolis,MN55419	None	N/A	Travel and Study Grant Trip	5,000
Mike P Nelson 4057 Yates Avenue North Robbinsdale,MN55422	None	N/A	Film and Video Production	10,000
Milkweed Editions 1011 Washington Avenue South Open Book Suite 300 Minneapolis,MN55415	None	Public Charity	Publication of three books by emerging writers	23,000
Minneapolis College of Art and Design 2501 Stevens Avenue Minneapolis,MN55404	None	Public Charity	MCAD/Jerome Emerging Artists Fellowship Program	110,000
Minnesota Council on Foundations 100 Portland Avenue South Suite 225 Minneapolis,MN55401	None	Public Charity	General Operating and Membership Support for two years	14,150
Minnesota Council on Foundations (fiscal agent) for Hill Philanthropic Hist 100 Portland Avenue South Suite 225 Minneapolis,MN55401	None	Public Charity	Hill Philanthropic History Project	5,000
MINNESOTA FILM AND VIDEO PROGRAM 400 Sibley Street Suite 125 saint paul,MN55101	None	Public Charity	Program Administration	10,465
Missy Whiteman 27779 Church Street Garrison,MN56450	None	N/A	Film and Video Production	15,000
Mixed Blood Theatre Company 1501 South 4th Street Minneapolis,MN55454	None	Public Charity	Commissioning, development, and production of new plays	8,000
Molly Katagiri 5601 Vincent Avenue South Minneapolis,MN55401	None	N/A	Film and Video Production	15,000
Movement Research 55 Avenue C New York,NY10009	None	Public Charity	Artist-in-Residence Program	30,000
Musa Syeed 409 Decatur Street Brooklyn,NY11233	None	N/A	Film and Video Production	30,000
Nathan Lewis 4300 Pleasant Avenue South 2 Minneapolis,MN55409	None	N/A	Travel and Study Grant Trip	1,450
Nautilus Music-Theater 308 Prince Street 190 Saint Paul,MN55101	None	Public Charity	Composer-Librettist Studio and Rough Cuts Commission	10,000
NEW YORK CITY FILM AND VIDEO PROGRAM 400 sibley Street Suite 125 saint paul,MN55101	none	public Charity	Program Administration	34,135
New York Foundation for the Arts (fiscal agent) for Maria Hassabi 113 West 27th Street 2nd Floor New York,NY10001	None	Public Charity	Jerome@Camargo Residency	21,500
New York Live Arts (fiscal agent) for David Thomson 70 Nevins Street 3 Brooklyn,NY11217	None	Public Charity	New work by David Thomson	12,000
New York Live Arts (fiscal agent) for Jen Rosenblit 463 Lincoln Place 201 Brooklyn,NY11238	None	Public Charity	New work by Jen Rosenblit	12,000
New York Theatre Workshop 79 East 4th Street New York,NY10003	None	Public Charity	Artist Workshops	20,000
Nicole Antebi 822 Ocean Avenue 5E Brooklyn,NY11226	None	N/A	Film and Video Production	15,000
Nobuyuki Asai 311 West 107th Street 4R New York,NY10025	None	N/A	Film and Video Production	15,000
Northern Clay Center 2424 Franklin Avenue East Minneapolis,MN55406	None	Public Charity	Ceramic Artist Project Grant Program	27,100
Northern Lightsmn (fiscal agent) for Aniccha Arts 4524 44th Avenue South Minneapolis,MN55406	None	Public Charity	New work by Aniccha Arts	16,000
Open Eye Figure Theatre (fiscal agent) for Torry Bend 3423 Taylor Street Northeast Apt 1 Minneapolis,MN55418	None	Public Charity	New work by Torry Bend	12,000
Penumbra Theatre Company (fiscal agent) for Imani Uzuri and Zakiyyah Alexan 270 North Kent Street Saint Paul,MN55405	None	Public Charity	New work by Imani Uzuri and Zakiyyah Alexander	10,000
Performance Space 122 67 West Street Unit 315 Brooklyn,NY11222	None	Public Charity	Emerging Artists' Commissions	50,000
Philanthropy New York 79 Fifth Avenue 4th Floor New York,NY10003	None	Public Charity	General Operating and Membership Support	450
Pillsbury House Theatre 3501 Chicago Avenue South Minneapolis,MN55407	None	Public Charity	New works by emerging playwrights	15,000
Pillsbury House Theatre 3501 Chicago Avenue South Minneapolis,MN55407	None	Public Charity	Naked Stages Program	37,500
Pillsbury House Theatre 3501 Chicago Avenue South Minneapolis,MN55407	None	Public Charity	Late Nite Series	36,500
Playwrights' Center (The) 2301 East Franklin Avenue Minneapolis,MN55406	None	Public Charity	Jerome Emerging Playwright Fellowship Program	80,000
Poetry Project (The) 131 East 10th Street New York,NY10003	None	Public Charity	Fellowship and Mentoring Program Emerg-Surface-Be Fellowships	22,000
Poets House 10 River Terrace New York,NY10282	None	Public Charity	Emerging Poets Fellowship Program	34,000
Queens Museum of Art Flushing Meadows Corona Park Queens,NY11368	None	Public Charity	Fellowship Program for Emerging Artists	114,000
raja feather kelly 440 Prospect Avenue 2F Brooklyn,NY11215	None	N/A	Travel and Study Grant Trip	4,430
Rashaad Ernesto Green 464 West 142nd Street 2 New York,NY10031	None	N/A	Film and Video Production	12,000
Rati Oneli 536 West 113th Street 83 New York,NY10025	None	N/A	Film and Video Production	15,000
Raul O Paz Pastrana 333 East 108th Street Apt 3B Astoria,NY11102	None	N/A	Film and Video Production	20,000
Rebecca Thomas 24 Anderson Avenue Sleepy Hollow,NY10591	None	N/A	Travel and Study Grant Trip	2,000
Red Eye Collaborative 15 West 14th Street Minneapolis,MN55403	None	Public Charity	New Works 4 Weeks	33,000
Rochester Art Center 40 Civic Center Drive Southeast Rochester,MN55904	None	Public Charity	3rd Floor Emerging Artist Series	23,000
Rosemary Williams 1474 Almond Avenue Saint Paul,MN55108	None	N/A	Travel and Study Grant Trip	5,000
Roulette Intermedium 30 Third Avenue Suite 208 New York,NY11217	None	Public Charity	Emerging Composers' Commissions and Residencies	64,000
Roulette Intermedium (fiscal agent) for Maria Chavez 718 Leonard Street 2L Brooklyn,NY11222	None	Public Charity	New work by Maria Chavez	12,000
Russell Harbaugh 249 Washington Avenue 2 Brooklyn,NY11205	None	N/A	Film and Video Production	15,000
Saint John's University 2810 Abbey Plaza PO Box 6377 Collegeville,MN56321	None	Public Charity	Jerome@Camargo Residency	29,500
Sam Hoolihan 1515 West 25th Street 2 Minneapolis,MN55405	None	N/A	Film and Video Production	2,500
Sameh Zoabi 9201 Shore Road Apt C 206 Brooklyn,NY11209	None	N/A	Film and Video Production	20,000
Sarita Covington 200 East 20th Street 3J Bronx,NY10458	None	N/A	Travel and Study Grant Trip	2,970
Scott Artley 2106 Garfield Avenue Apt 11 Minneapolis,MN55405	None	N/A	Travel and Study Grant Trip	2,471
Scott Cummings 402 Ocean Parkway Apt 309 Brooklyn,NY11218	None	N/A	Travel and Study Grant Trip	2,800
Sekou Alaje 465 Ocean Avenue Apt 4c Brooklyn,NY11226	None	N/A	Travel and Study Grant Trip	4,255
Selena Kimball 497 16th Street Brooklyn,NY11215	None	N/A	Travel and Study Grant Trip	2,720
Smack Mellon 92 Plymouth Street Brooklyn,NY11201	None	Public Charity	Artist Studio Program	11,000
Spencer Wirth-Davis 2912 33rd Avenue South Minneapolis,MN55406	None	N/A	Travel and Study Grant Trip	3,070
Springboard for the Arts 308 Prince Street Suite 270 Saint Paul,MN55101	None	Public Charity	Artist Development and Resource Program	34,000
Springboard for the Arts (fiscal agent) for Joe Horton 2520 Colfax Avenue South Minneapolis,MN55405	None	Public Charity	New work by Joe Horton	12,000
Springboard for the Arts (fiscal agent) for Karen Sherman 3405 15th Avenue South 1 Minneapolis,MN55407	None	Public Charity	New work by Karen Sherman	12,000
Springboard for the Arts (fiscal agent) for SuperGroup 3435 10th Avenue South Minneapolis,MN55407	None	Public Charity	New work by SuperGroup	12,500
Springboard for the Arts (fiscal agent) for Workhaus Playwrights Collective 2301 Franklin Avenue East Minneapolis,MN55406	None	Public Charity	Workhaus Playwrights Collective	15,000
Stefani Saintonge 180 Davis Avenue Apt 2A Bronx,NY10465	None	N/A	Film and Video Production	10,000
STREB Lab for Action Mechanics 51 North 1st Street Brooklyn,NY11211	None	Public Charity	Go! Emerging Artists Commissioning Program	23,000
Textile Center 3000 University Avenue Southeast Suite 100 Minneapolis,MN55414	None	Public Charity	Fiber Artist Project Grants Program and artists' services	37,000
Todd Chandler 411 East 28th Street Brooklyn,NY11226	None	N/A	Travel and Study Grant Trip	2,300
TRAVEL AND STUDY GRANT PROGRAM 400 Sibley Street Suite 125 Saint Paul,MN55101	None	N/A	Program Administration	14,470
VocalEssence 1900 Nicollet Avenue Minneapolis,MN55403	None	Public Charity	VocalEssence ReMix	30,000
VSA Minnesota 528 Hennepin Avenue Suite 305 Minneapolis,MN55403	None	Public Charity	VSA Minnesota/Jerome Foundation Project Grants for Artists with Disabilities	21,000
Wong Kit Yi 330 West 145th Street Apt 604 New York,NY10039	None	N/A	Travel and Study Grant Trip	2,000
Yadira De La Riva 1317 Dean Street Brooklyn,NY11216	None	N/A	Travel and Study Grant Trip	3,114
Zeitgeist 275 East Fourth Street Suite 200 Saint Paul,MN54022	None	Public Charity	Zeitgeist Composer Workshops	16,500
Zenon Dance Company and School 528 Hennepin Avenue Suite 400 Minneapolis,MN55403	None	Public Charity	Emerging Choreographers' Commissions	28,000
Total ................................. 3a				3,344,907

bApproved for future payment
Aaron Beebe 277 Eastern Parkway 5A Brooklyn,NY11238	None	N/A	Travel and Study Grant Trip	4,420
Anji Sauve Clubb 25506 Ipava Avenue Lakeville,MN55044	None	N/A	Film and Video Production	25,000
Ayana Evans 255 West 43rd Street Apt 927 New York,NY10036	None	N/A	Travel and Study Grant Trip	2,259
BAADBronx Academy of Arts and Dance 2474 Westchester Avenue Bronx,NY10461	None	Public Charity	Open Call Program	18,500
Bronx Museum of the Arts (The) 1040 Grand Concourse Bronx,NY10456	None	Public Charity	Artist in the Marketplace and Biennial Exhibition	20,000
Camera Club of New York 336 West 37th Street Suite 206 New York,NY10018	None	Public Charity	Workspace Residency Program	18,000
Center for Fiction 17 East 47th Street New York,NY10017	None	Public Charity	Emerging Writers Fellowship Program	42,500
Chocolate Factory Theater (The) 5-49 49th Avenue Long Island City,NY11101	None	Public Charity	Commissioning and production of new works	32,000
Christina Ham 2505 West 21st Street Apt 2 Minneapolis,MN55405	None	N/A	Travel and Study Grant Trip	4,500
Christopher Makoto Yogi 146 7th Avenue Apt 1 Brooklyn,NY11215	None	N/A	Film and Video Production	20,000
Community of Literary Magazines and Presses 154 Christopher Street Suite 3C New York,NY10014	None	Public Charity	FACE OUT: Maximizing the Visibility of Emerging Writers	46,000
COMPOSERSOUND ARTIST FELLOWSHIP RECIPIENTS 400 sibley Street Suite 125 saint paul,MN55101	none	public Charity	Program Administration	2,831
E G Bailey 4749 5th Street Northeast Columbia Heights,MN55421	None	N/A	Film and Video Production	15,000
Field ThePerformance Zone Inc (fiscal agent) for Aaron Landsman 110 Lenox Road 6H Brooklyn,NY11226	None	Public Charity	New work by Aaron Landsman	12,500
Field ThePerformance Zone Inc (fiscal agent) for Faye Driscoll Dance Gro 71 4th Avenue Brooklyn,NY11217	None	Public Charity	New work by Faye Driscoll Dance Group	16,000
Foundation Center 79 Fifth Avenue New York,NY10003	None	Public Charity	General Operating and Membership Support	2,500
Franconia Sculpture Park 29836 St Croix Trail Shafer,MN55074	None	Public Charity	FSP/Jerome Fellowships	39,000
Franklin Furnace 80 Hanson Place 301 Brooklyn,NY11217	None	Public Charity	Franklin Furnace Fund	42,000
Grantmakers in the Arts 4055 21st Avenue West Suite 100 Seattle,WA98199	None	Public Charity	General Operating and Membership Support	11,000
Harlem Stage (Aaron Davis Hall) 150 Convent Avenue New York,NY10031	None	Public Charity	Emerging artists' commissions in the Fund for New Work	25,000
Heather Hart 410 Marcus Garvey Boulevard 3 Brooklyn,NY11216	None	N/A	Travel and Study Grant Trip	5,000
HERE Arts Center 145 Sixth Avenue New York,NY10013	None	Public Charity	HERE Artist Residency Program	22,000
Highpoint Center for Printmaking 912 West Lake Street Minneapolis,MN55408	None	Public Charity	Emerging Printmakers' Residency Program	20,000
Intermedia Arts 2822 Lyndale Avenue South Minneapolis,MN55408	None	Public Charity	Beyond the Pure Fellowships and VERVE Grants	72,500
Ivy Baldwin Dance 191 Willoughby Street Apt 16D Brooklyn,NY11201	None	Public Charity	Development and production of new work	13,000
Jennifer Shyu 3119 Bailey Avenue Apt 4H Bronx,NY10463	None	N/A	Travel and Study Grant Trip	5,000
JEROME FOUNDATION - MISCELLANEOUS PROGRAMS 400 Sibley Street Suite 125 Saint Paul,MN55101	none	Public Charity	Jerome@Camargo, Jerome Hill Films and Film Materials, New Initiatives and Special Needs.	46,874
Junauda Petrus and Mychal Fisher 3144 Elliot Avenue South Minneapolis,MN55407	None	N/A	Film and Video Production	10,000
Keith Bearden 35-44 34th Street 2A Long Island City,NY11106	None	N/A	Film and Video Production	500
Kitchen (The) 512 West 19th Street New York,NY10011	None	Public Charity	Emerging Artists' Commissions	26,000
lachugar Inc 41 Withers Street Apt 3R Brooklyn,NY11211	None	Public Charity	Development and production of new work	16,000
Lanesboro Arts Center PO Box 152 Lanesboro,MN55949	None	Public Charity	Emerging Artist Residency Program	18,000
Mabou Mines PO Box 1940 Peter Stuyvesant Station New York,NY10009	None	Public Charity	Suite Resident Artist Program	30,000
Mad King Thomas 2308 East 36 1/2 Street Apt 2 Minneapolis,MN55406	None	N/A	Travel and Study Grant Trip	5,000
Michael Forstein 5105 35th Avenue South Minneapolis,MN55417	None	N/A	Film and Video Production	30,000
Mike P Nelson 4057 Yates Avenue North Robbinsdale,MN55422	None	N/A	Film and Video Production	5,000
Minneapolis College of Art and Design 2501 Stevens Avenue Minneapolis,MN55404	None	Public Charity	MCAD/Jerome Emerging Artists Fellowship Program	110,000
MINNESOTA FILM AND VIDEO PROGRAM RECIPIENTS 400 sibley Street Suite 125 saint paul,MN55101	none	public Charity	Program Administration	1,935
Mixed Blood Theatre Company 1501 South 4th Street Minneapolis,MN55454	None	Public Charity	Commissioning, development, and production of new plays	8,000
Movement Research 55 Avenue C New York,NY10009	None	Public Charity	Artist-in-Residence Program	30,000
Nathan Fisher 4359 Browndale Avenue Saint Louis Park,MN55424	None	N/A	Film and Video Production	4,214
New Radio and Performing Arts 129 Tysen Street Staten Island,NY10301	None	Public Charity	Turbulence commissions	18,000
NEW YORK CITY FILM AND VIDEO PROGRAM RECIPIENTS 400 sibley Street Suite 125 saint paul,MN55101	none	public Charity	Program Administration	6,865
New York Theatre Workshop 79 East 4th Street New York,NY10003	None	Public Charity	Artist Workshops	20,000
Norah Shapiro 1912 Humboldt Avenue South Minneapolis,MN55403	None	N/A	Travel and Study Grant Trip	4,994
Norman Cowie 674 Kingman Avenue Santa Monica,CA90402	None	N/A	Film and Video Production	5,000
Penumbra Theatre Company (fiscal agent) for Imani Uzuri and Zakiyyah Alexan 270 North Kent Street Saint Paul,MN55405	None	Public Charity	New work by Imani Uzuri and Zakiyyah Alexander	10,000
Playwrights' Center (The) 2301 East Franklin Avenue Minneapolis,MN55406	None	Public Charity	Jerome Emerging Playwright Fellowship Program	80,000
Poetry Project (The) 131 East 10th Street New York,NY10003	None	Public Charity	Fellowship and Mentoring Program Emerg-Surface-Be Fellowships	22,000
Ramon Alberto Nuez 133 Mohawk Circle Superior,CO80027	None	N/A	Film and Video Production	100
Rini Keagy 118 College Street 2N Northfield,MN55057	None	N/A	Film and Video Production	20,000
Rose Stark 2533 14th Place Fl 1 Queens,NY11102	None	N/A	Film and Video Production	10,130
Rosemary Williams 1474 Almond Avenue Saint Paul,MN55108	None	N/A	Film and Video Production	13,000
Sam Hoolihan 1515 West 25th Street 2 Minneapolis,MN55405	None	N/A	Film and Video Production	5,000
Scott Artley 2106 Garfield Avenue Apt 11 Minneapolis,MN55405	None	N/A	Travel and Study Grant Trip	1,921
Smack Mellon 92 Plymouth Street Brooklyn,NY11201	None	Public Charity	Artist Studio Program	11,000
Sun Mee Chomet 64 Inner Drive N14 Saint Paul,MN55116	None	N/A	Travel and Study Grant Trip	4,830
TRAVEL AND STUDY GRANT PROGRAM 400 sibley Street Suite 125 saint paul,MN55101	none	public Charity	Program Administration	100
VocalEssence 1900 Nicollet Avenue Minneapolis,MN55403	None	Public Charity	VocalEssence ReMix	30,000
Zeitgeist 275 East Fourth Street Suite 200 Saint Paul,MN54022	None	Public Charity	Zeitgeist Composer Workshops	16,500
Zenon Dance Company and School 528 Hennepin Avenue Suite 400 Minneapolis,MN55403	None	Public Charity	Emerging choreographers' commissions	28,000
Total ................................. 3b				1,185,473

(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
1 a	Class Action Lawsuit Settlement Income	P
b	Securities Litigation Settlement	P
c	Publicly traded securities
d	Capital Gains Dividends	P
e

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			27,120
b			649
c			240,930
d			507,114
e

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
VANGUARD INSTITUTIONAL ADVISORY SERVICES	Investment services	162,463
PO Box 2900 Valley Forge,PA194822900	Investment services	162,463

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					4,317,092
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				15,380
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 4,568,043
a Applied to 2014, but not more than line 2a				15,380
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.....					4,317,092
e Remaining amount distributed out of corpus		235,571
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		235,571
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		235,571
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....	235,571

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 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.............	146,821	373,327	373,327
	2	Savings and temporary cash investments.........
	3	Accounts receivable 1,763
		Less: allowance for doubtful accounts		1,763	1,763
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	13,537	7,383	7,383
	10a	Investments—U.S. and state government obligations (attach schedule)	5,006,226	4,966,219	4,966,219
	b	Investments—corporate stock (attach schedule).......	71,795,439	65,195,810	65,195,810
	c	Investments—corporate bonds (attach schedule).......	15,208,979	15,478,879	15,478,879
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,792,317	3,030,405	3,030,405
	14	Land, buildings, and equipment: basis 159,071
		Less: accumulated depreciation (attach schedule) 128,222	4,915	30,849	30,849
	15	Other assets (describe )	3,439,992	3,287,072	3,287,072
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	98,408,226	92,371,707	92,371,707
	17	Accounts payable and accrued expenses..........	33,827	2,832
	18	Grants payable..................	696,584	1,185,473
	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 )	66,857	0
	23	Total liabilities (add lines 17 through 22).........	797,268	1,188,305
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	94,170,966	87,896,330
	25	Temporarily restricted...............	3,439,992	3,287,072
	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........
	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).....	97,610,958	91,183,402
	31	Total liabilities and net assets/fund balances (see instructions).	98,408,226	92,371,707


(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
ROBERT BYRD	Program Director 40.00	107,892	21,924	0
400 Sibley Street Suite 125 St Paul,MN55101	Program Director 40.00	107,892	21,924	0
ELEANOR SAVAGE	Senior Program Offic 40.00	93,276	21,522	0
400 Sibley Street Suite 125 St Paul,MN55101	Senior Program Offic 40.00	93,276	21,522	0
Karen Fjorden	Controller 32.00	75,556	26,762	0
400 Sibley Street Suite 125 St Paul,MN55101	Controller 32.00	75,556	26,762	0
JEREMY MECKLER	DATA SPECIALIST / AS 40.00	60,209	16,610	0
400 SIBLEY STREET SUITE 125 ST PAUL,MN55101	DATA SPECIALIST / AS 40.00	60,209	16,610	0


Total number of other employees paid over $50,000...................				0

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	2,022,826
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	775,813
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)..		0		2,798,639	0

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.

Name of organization Jerome Foundation Inc

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	HRK Foundation 1200 Landmark Tower 345 St Peter St St Paul, MN55102	$ 15,000	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)

Name of organization Jerome Foundation Inc		Employer identification number 41-6035163

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
		$
(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)


Name of organization Jerome Foundation Inc			Employer identification number 41-6035163
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.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Vanguard Total Bond Market Index Fund Inst - NON-USGO Portion	6,089,391	6,089,391
Vanguard Intermediate-Term Inv Grade Admiral - NON-USGO Portion	5,749,379	5,749,379
Vanguard Short-Term Inv Grade Admiral - NON-USGO Portion	3,640,109	3,640,109

Name of Stock	End of Year Book Value	End of Year Fair Market Value
VANGUARD Value Index Fund	7,155,402	7,155,402
Vanguard Total Stock Market Index Fund Inst	24,950,300	24,950,300
Vanguard REIT Index Fund Inst	4,379,280	4,379,280
Vanguard Mid-Cap Growth Fund	2,933,085	2,933,085
Vanguard International Value Fund	3,796,049	3,796,049
Vanguard International Growth Fund Admiral	4,093,505	4,093,505
Vanguard FTSE All-World ex-US Index Fnd Inst	7,749,344	7,749,344
Vanguard Growth Index Fund Inst	7,068,434	7,068,434
Vanguard Strategic Equity Fund	3,070,411	3,070,411

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Timber and Timberland	FMV	2,271,500	2,271,500
Cash equivalents - Securities Lending	FMV	1,900	1,900
Vanguard Special Fund - Annuity	FMV	757,005	757,005

Software ID:
Software Version:

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
AUTOMOBILE	28,821	1,202	27,619	27,619
Equipment	63,726	60,496	3,230	3,230
Leasehold Improvements	66,524	66,524	0

Description	Amount
CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST	152,920
UNREALIZED loss ON INVESTMENTS	3,847,701

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
postage	3,735	0	3,735
Insurance	6,854	0	6,854
Telephone	5,203	260	4,943
Office operations	49,859	2,493	42,833
Education program	3,658	0	3,658
BANK FEES	735	735	0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT AND MANAGEMENT FEES	177,475	177,475		0
other consultants	31,046	0		62,267