TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 11-01-2015 , and ending 10-31-2016

Name of foundation
STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

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

45-6085277

B Telephone number (see instructions)

(701) 795-6162

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$347,868J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	5,853		5,853
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,565
b	Gross sales price for all assets on line 6a 124,999
7	Capital gain net income (from Part IV, line 2)...			4,565
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........	10,418		10,418
13	Compensation of officers, directors, trustees, etc.	10,650		9,585		1,065
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).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		164	90		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..........	10,814		9,675	0	1,065
25	Contributions, gifts, grants paid.......	16,982				16,982
26	Total expenses and disbursements. Add lines 24 and 25	27,796		9,675	0	18,047
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-17,378
b	Net investment income (if negative, enter -0-)			743
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		-2,279	-2,279
	2	Savings and temporary cash investments.........	15,713	13,654	13,654
	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).......	227,667	170,091	191,674
	c	Investments—corporate bonds (attach schedule).......	97,660	89,531	89,311
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		52,897	55,508
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	230
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	341,270	323,894	347,868
	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........	341,270	323,894
	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).....	341,270	323,894
	31	Total liabilities and net assets/fund balances (see instructions).	341,270	323,894

Part III

Analysis of Changes in Net Assets or Fund Balances

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

341,270

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

-17,378

Other increases not included in line 2 (itemize) bullet

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

323,894

Decreases not included in line 2 (itemize) bullet

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

323,894

Form 990-PF (2015)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	253.924 CAUSEWAY EMERGING MARKETS INSTL			2016-01-14
b	20.891 GOLDMAN SACHS COMM STRAT INS		2015-01-28	2016-01-14
c	44.475 GOLDMAN SACHS COMM STRAT INS		2014-04-02	2016-01-14
d	22.149 NEUBERGER BERMAN GENESIS INSTL FD		2011-06-16	2016-01-14
e	19.251 NEUBERGER BERMAN GENESIS INSTL FD		2011-06-16	2016-01-14
	11.032 NEUBERGER BERMAN GENESIS INSTL FD		2011-06-16	2016-01-14
	125.447 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-12-05	2016-01-14
	81.709 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-12-05	2016-01-14
	119.635 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-12-05	2016-01-14
	181.336 RIVERPARK WEDGEWOOD FUND		2012-12-05	2016-01-14
	299.488 RIVERPARK WEDGEWOOD FUND		2012-12-05	2016-01-14
	225.944 RIVERPARK WEDGEWOOD FUND		2012-12-05	2016-01-14
	146.126 RIVERPARK WEDGEWOOD FUND		2012-12-05	2016-01-14
	236.82 T ROWE PRICE INTL GRINC FD		2014-09-29	2016-01-14
	148.05 T ROWE PRICE INTL GRINC FD		2015-05-11	2016-01-14
	100.142 LAUDUS INTERNATIONAL MARKETMASTERS		2012-12-05	2016-01-14
	72.579 GLENMEDE SC EQUITY PORT ADV		2014-09-29	2016-01-21
	34.991 GLENMEDE SC EQUITY PORT ADV		2015-04-01	2016-01-21
	55.484 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-12-05	2016-01-21
	287.791 RIVERPARK WEDGEWOOD FUND		2012-12-05	2016-01-21
	94.073 BARON EMERGING MARKETS INSTITUTIONAL		2015-08-11	2016-03-31
	94.033 GLENMEDE SC EQUITY PORT ADV		2014-09-29	2016-03-31
	46.912 GLENMEDE SC EQUITY PORT ADV		2015-10-13	2016-03-31
	74.31 GLENMEDE SC EQUITY PORT ADV		2014-09-29	2016-03-31
	71.916 GLENMEDE SC EQUITY PORT ADV		2014-09-29	2016-03-31
	39.093 GLENMEDE SC EQUITY PORT ADV		2015-10-13	2016-03-31
	109.545 GLENMEDE SC EQUITY PORT ADV			2016-03-31
	135.696 NUVEEN INTERNATIONAL GROWTH I		2016-01-14	2016-03-31
	27.548 AMER CENT DIVERSIFI BOND INS		2015-04-01	2016-04-15
	19.841 CAUSEWAY EMERGING MARKETS INSTL		2015-04-01	2016-04-15
	10.183 DRIEHAUS ACTIVE INCOME FUND		2014-04-02	2016-04-15
	13.27 FEDERATED INST HI YLD BD FD		2014-04-02	2016-04-15
	42.882 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-04-15
	10.571 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2014-04-02	2016-04-15
	9.812 NEUBERGER BERMAN LONG SH INS		2015-07-02	2016-04-15
	14.881 NUVEEN REAL ESTATE SECS I			2016-04-15
	13.429 NUVEEN INFLATION PRO SEC CL I			2016-04-15
	8.743 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-04-15
	4.164 VANGUARD SMALL CAP INDEX FUND		2016-01-21	2016-04-15
	4.681 VANGUARD 500 IDX ADML			2016-04-15
	9.009 AMER CENT DIVERSIFI BOND INS		2015-01-28	2016-07-29
	8.591 BARON EMERGING MARKETS INSTITUTIONAL		2015-10-13	2016-07-29
	9.081 BARON EMERGING MARKETS INSTITUTIONAL			2016-07-29
	16.858 BARON EMERGING MARKETS INSTITUTIONAL		2015-08-20	2016-07-29
	9.488 CAUSEWAY EMERGING MARKETS INSTL		2014-04-02	2016-07-29
	25.848 CAUSEWAY EMERGING MARKETS INSTL		2014-06-05	2016-07-29
	139.86 CREDIT SUISSE COMM RET ST CO		2016-01-14	2016-07-29
	173.019 DRIEHAUS ACTIVE INCOME FUND			2016-07-29
	181.184 DRIEHAUS ACTIVE INCOME FUND			2016-07-29
	237.149 DRIEHAUS ACTIVE INCOME FUND		2014-04-02	2016-07-29
	85.43 FEDERATED INST HI YLD BD FD		2014-04-02	2016-07-29
	84.073 FEDERATED INST HI YLD BD FD		2014-04-02	2016-07-29
	30.702 FEDERATED INST HI YLD BD FD		2014-04-02	2016-07-29
	117.928 FEDERATED INST HI YLD BD FD		2014-04-02	2016-07-29
	21.22 FIDELITY INVT TR AD INTL DISCI		2015-05-11	2016-07-29
	6.813 FIDELITY INVT TR AD INTL DISCI		2015-08-20	2016-07-29
	8.138 FIDELITY INVT TR AD INTL DISCI		2014-09-29	2016-07-29
	2.681 FIDELITY INVT TR AD INTL DISCI		2015-04-21	2016-07-29
	16.086 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-07-29
	14.302 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-07-29
	16.853 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-07-29
	5.577 JOHN HANCOCK FDS III DISCPLN V I		2016-01-14	2016-07-29
	62.45 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2015-01-28	2016-07-29
	111.525 NEUBERGER BERMAN LONG SH INS			2016-07-29
	87.232 NEUBERGER BERMAN LONG SH INS		2015-10-13	2016-07-29
	86.805 NEUBERGER BERMAN LONG SH INS		2013-08-09	2016-07-29
	77.818 NEUBERGER BERMAN LONG SH INS		2013-08-09	2016-07-29
	158.584 NEUBERGER BERMAN LONG SH INS		2013-08-09	2016-07-29
	63.442 NEUBERGER BERMAN LONG SH INS		2015-10-13	2016-07-29
	5.839 NUVEEN REAL ESTATE SECS I		2014-09-29	2016-07-29
	3.858 NUVEEN REAL ESTATE SECS I			2016-07-29
	1.873 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-07-29
	1.873 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-07-29
	1.873 PRICE T ROWE GROWTH STK FD INC COM		2015-04-21	2016-07-29
	2.462 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-07-29
	2.043 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-07-29
	1.281 ROWE T PRICE MID CAP GROWTH FD INC		2015-04-21	2016-07-29
	3.333 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-07-29
	59.645 T ROWE PRICE INTL GRINC FD		2016-03-31	2016-07-29
	20.077 T ROWE PRICE INTL GRINC FD		2015-08-20	2016-07-29
	17.2 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-07-29
	13.353 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-07-29
	3.487 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-07-29
	13.018 TCW EMERGING MARKETS INCOME FUND		2014-09-29	2016-07-29
	3.265 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-07-29
	2.5 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-07-29
	3.632 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-07-29
	2.28 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-07-29
	9.407 CAUSEWAY EMERGING MARKETS INSTL			2016-08-02
	164.181 DRIEHAUS ACTIVE INCOME FUND			2016-08-02
	72.328 FEDERATED INST HI YLD BD FD		2014-04-02	2016-08-02
	14.851 FIDELITY INVT TR AD INTL DISCI			2016-08-02
	154.317 NEUBERGER BERMAN LONG SH INS			2016-08-02
	44.316 T ROWE PRICE INTL GRINC FD		2014-06-30	2016-08-02
	2.383 VANGUARD SMALL CAP INDEX FUND		2016-01-21	2016-08-02
	4.143 CAMBIAR INTL EQUITY FUND INS		2015-01-28	2016-09-28
	36.101 AMER CENT DIVERSIFI BOND INS		2016-07-29	2016-09-28
	36.276 AMER CENT DIVERSIFI BOND INS		2016-07-29	2016-09-28
	9.025 AMER CENT DIVERSIFI BOND INS		2015-01-28	2016-09-28
	55.623 AMER CENT DIVERSIFI BOND INS		2016-07-29	2016-09-28
	9.339 BARON EMERGING MARKETS INSTITUTIONAL		2015-08-20	2016-09-28
	8.663 BARON EMERGING MARKETS INSTITUTIONAL		2015-09-01	2016-09-28
	17.515 BARON EMERGING MARKETS INSTITUTIONAL		2015-07-22	2016-09-28
	12.401 BARON EMERGING MARKETS INSTITUTIONAL		2016-01-14	2016-09-28
	9.124 CAUSEWAY EMERGING MARKETS INSTL		2014-04-02	2016-09-28
	9.124 CAUSEWAY EMERGING MARKETS INSTL		2014-09-29	2016-09-28
	16.114 CAUSEWAY EMERGING MARKETS INSTL		2014-06-05	2016-09-28
	18.332 CAUSEWAY EMERGING MARKETS INSTL		2016-03-31	2016-09-28
	16.969 COLUMBIA INCOME FD CL Z		2015-01-07	2016-09-28
	17.421 COLUMBIA INCOME FD CL Z		2015-06-02	2016-09-28
	9.737 COLUMBIA INCOME FD CL Z		2015-01-28	2016-09-28
	36.186 COLUMBIA INCOME FD CL Z		2015-01-08	2016-09-28
	11.792 FEDERATED INST HI YLD BD FD		2014-04-02	2016-09-28
	12.115 FEDERATED INST HI YLD BD FD		2014-04-02	2016-09-28
	21.605 FEDERATED INST HI YLD BD FD		2014-04-02	2016-09-28
	15.477 FEDERATED INST HI YLD BD FD		2014-04-02	2016-09-28
	8.09 FIDELITY INVT TR AD INTL DISCI			2016-09-28
	8.329 FIDELITY INVT TR AD INTL DISCI		2014-09-29	2016-09-28
	5.841 FIDELITY INVT TR AD INTL DISCI		2015-04-21	2016-09-28
	10.723 FIDELITY INVT TR AD INTL DISCI		2015-05-11	2016-09-28
	12.693 GOLDMAN SACHS COMM STRAT INS		2015-08-20	2016-09-28
	12.856 GOLDMAN SACHS COMM STRAT INS		2015-09-01	2016-09-28
	16.501 GOLDMAN SACHS COMM STRAT INS		2015-05-11	2016-09-28
	16.038 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-09-28
	16.462 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-09-28
	6.473 JOHN HANCOCK FDS III DISCPLN V I		2016-01-14	2016-09-28
	20.943 JOHN HANCOCK FDS III DISCPLN V I		2014-09-29	2016-09-28
	11.274 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2014-04-02	2016-09-28
	11.58 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2014-04-02	2016-09-28
	10.267 LOOMIS SAYLES STRATEGIC ALPHA FUND Y			2016-09-28
	14.768 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2014-04-02	2016-09-28
	165.576 NUVEEN HIGH INCOME BOND FD CL I		2014-04-02	2016-09-28
	19.342 NUVEEN HIGH INCOME BOND FD CL I		2016-07-29	2016-09-28
	170.469 NUVEEN HIGH INCOME BOND FD CL I		2014-04-02	2016-09-28
	21.024 NUVEEN HIGH INCOME BOND FD CL I		2016-07-29	2016-09-28
	170.166 NUVEEN HIGH INCOME BOND FD CL I			2016-09-28
	27.064 NUVEEN HIGH INCOME BOND FD CL I		2016-07-29	2016-09-28
	240.13 NUVEEN HIGH INCOME BOND FD CL I			2016-09-28
	8.696 NUVEEN INFLATION PRO SEC CL I		2016-07-29	2016-09-28
	8.808 NUVEEN INFLATION PRO SEC CL I		2016-07-29	2016-09-28
	11.084 NUVEEN INFLATION PRO SEC CL I		2016-07-29	2016-09-28
	11.064 NUVEEN INFLATION PRO SEC CL I		2016-07-29	2016-09-28
	5.887 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-09-28
	6.468 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-09-28
	3.109 PRICE T ROWE GROWTH STK FD INC COM		2015-04-21	2016-09-28
	8.824 PRICE T ROWE GROWTH STK FD INC COM		2014-09-29	2016-09-28
	16.142 ROBECO BOSTON PARTNERS L S RSRCH		2015-10-13	2016-09-28
	16.542 ROBECO BOSTON PARTNERS L S RSRCH		2015-06-02	2016-09-28
	7.679 ROBECO BOSTON PARTNERS L S RSRCH		2015-10-13	2016-09-28
	21.058 ROBECO BOSTON PARTNERS L S RSRCH		2015-05-11	2016-09-28
	1.298 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-09-28
	1.298 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-09-28
	1.527 ROWE T PRICE MID CAP GROWTH FD INC		2014-09-29	2016-09-28
	24.568 T ROWE PRICE INTL GRINC FD		2014-09-29	2016-09-28
	25.237 T ROWE PRICE INTL GRINC FD		2015-10-13	2016-09-28
	15.537 T ROWE PRICE INTL GRINC FD		2014-06-05	2016-09-28
	32.606 T ROWE PRICE INTL GRINC FD		2016-03-31	2016-09-28
	5.19 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-09-28
	3.835 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-09-28
	3.513 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-09-28
	4.833 ROWE T PRICE MID-CAP VALUE FD INC		2014-04-02	2016-09-28
	11.848 TCW EMERGING MARKETS INCOME FUND		2014-09-29	2016-09-28
	2.337 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-09-28
	2.399 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-09-28
	1.717 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-09-28
	3.051 VANGUARD SMALL CAP INDEX FUND		2016-03-31	2016-09-28
	1.256 VANGUARD 500 IDX ADML		2016-07-29	2016-09-28
	1.286 VANGUARD 500 IDX ADML		2016-07-29	2016-09-28
	.95 VANGUARD 500 IDX ADML		2016-07-29	2016-09-28
	1.628 VANGUARD 500 IDX ADML		2016-07-29	2016-09-28
	30.702 GOLDMAN SACHS COMM STRAT INS		2015-04-01	2016-10-24
	14.43 NUVEEN HIGH INCOME BOND FD CL I		2016-04-15	2016-10-24
	173.89 NUVEEN HIGH INCOME BOND FD CL I			2016-10-24
	6.435 PRICE T ROWE GROWTH STK FD INC COM			2016-10-24
	23.256 ROBECO BOSTON PARTNERS L S RSRCH		2015-07-02	2016-10-24
	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	2,229	3,041	-812
b	200	300	-100
c	426	1,012	-586
d	1,038	1,057	-19
e	902	918	-16
	517	526	-9
	3,895	3,387	508
	2,537	2,206	331
	3,715	3,230	485
	2,791	2,488	303
	4,609	4,109	500
	3,477	3,100	377
	2,249	2,005	244
	2,925	3,685	-760
	1,828	2,250	-422
	1,950	1,969	-19
	1,585	1,820	-235
	764	950	-186
	1,689	1,498	191
	4,323	3,949	374
	1,005	1,063	-58
	2,360	2,358	2
	1,177	1,200	-23
	1,865	1,864	1
	1,805	1,804	1
	981	1,000	-19
	2,750	2,752	-2
	5,097	4,900	197
	301	304	-3
	200	240	-40
	100	110	-10
	125	137	-12
	747	815	-68
	100	106	-6
	125	128	-3
	353	310	43
	151	148	3
	450	481	-31
	226	196	30
	899	835	64
	100	100
	100	93	7
	106	94	12
	196	182	14
	100	112	-12
	273	324	-51
	681	600	81
	1,722	1,847	-125
	1,803	1,939	-136
	2,360	2,554	-194
	831	885	-54
	818	871	-53
	299	318	-19
	1,147	1,222	-75
	814	888	-74
	261	274	-13
	312	315	-3
	103	111	-8
	288	306	-18
	256	272	-16
	302	320	-18
	100	89	11
	604	628	-24
	1,435	1,371	64
	1,123	1,100	23
	1,117	1,051	66
	1,002	942	60
	2,041	1,920	121
	817	800	17
	153	132	21
	101	98	3
	100	103	-3
	100	103	-3
	100	105	-5
	193	188	5
	160	156	4
	100	104	-4
	261	255	6
	784	771	13
	264	284	-20
	495	543	-48
	385	421	-36
	100	110	-10
	107	111	-4
	190	174	16
	146	134	12
	211	194	17
	133	122	11
	99	111	-12
	1,632	1,767	-135
	702	749	-47
	567	605	-38
	1,981	1,935	46
	580	729	-149
	137	112	25
	101	97	4
	400	401	-1
	402	403	-1
	100	100
	616	619	-3
	113	101	12
	105	90	15
	212	205	7
	150	121	29
	100	108	-8
	100	113	-13
	177	202	-25
	202	183	19
	174	173	1
	179	174	5
	100	100
	372	368	4
	116	122	-6
	119	126	-7
	213	224	-11
	153	160	-7
	319	339	-20
	328	323	5
	230	242	-12
	422	449	-27
	140	161	-21
	141	166	-25
	181	260	-79
	291	305	-14
	299	313	-14
	118	103	15
	380	398	-18
	110	113	-3
	113	116	-3
	101	103	-2
	145	148	-3
	1,248	1,522	-274
	146	143	3
	1,285	1,567	-282
	159	155	4
	1,283	1,515	-232
	204	200	4
	1,811	2,193	-382
	100	100
	101	101
	128	128
	127	127
	320	324	-4
	351	356	-5
	169	175	-6
	479	485	-6
	244	247	-3
	250	261	-11
	116	117	-1
	318	328	-10
	100	99	1
	100	99	1
	118	117	1
	334	382	-48
	343	343
	211	256	-45
	444	421	23
	150	164	-14
	111	121	-10
	101	111	-10
	139	153	-14
	100	101	-1
	137	125	12
	141	128	13
	101	92	9
	179	163	16
	252	252
	258	258
	190	191	-1
	326	327	-1
	349	459	-110
	111	100	11
	1,337	1,593	-256
	353	348	5
	351	363	-12
			6,944

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			-812
b			-100
c			-586
d			-19
e			-16
			-9
			508
			331
			485
			303
			500
			377
			244
			-760
			-422
			-19
			-235
			-186
			191
			374
			-58
			2
			-23
			1
			1
			-19
			-2
			197
			-3
			-40
			-10
			-12
			-68
			-6
			-3
			43
			3
			-31
			30
			64

			7
			12
			14
			-12
			-51
			81
			-125
			-136
			-194
			-54
			-53
			-19
			-75
			-74
			-13
			-3
			-8
			-18
			-16
			-18
			11
			-24
			64
			23
			66
			60
			121
			17
			21
			3
			-3
			-3
			-5
			5
			4
			-4
			6
			13
			-20
			-48
			-36
			-10
			-4
			16
			12
			17
			11
			-12
			-135
			-47
			-38
			46
			-149
			25
			4
			-1
			-1

			-3
			12
			15
			7
			29
			-8
			-13
			-25
			19
			1
			5

			4
			-6
			-7
			-11
			-7
			-20
			5
			-12
			-27
			-21
			-25
			-79
			-14
			-14
			15
			-18
			-3
			-3
			-2
			-3
			-274
			3
			-282
			4
			-232
			4
			-382




			-4
			-5
			-6
			-6
			-3
			-11
			-1
			-10
			1
			1
			1
			-48

			-45
			23
			-14
			-10
			-10
			-14
			-1
			12
			13
			9
			16


			-1
			-1
			-110
			11
			-256
			5
			-12

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	4,565
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	8,533	368,497	0.023156
2013	18,616	385,161	0.048333
2012	17,702	383,004	0.046219
2011	20,021	375,614	0.053302
2010	18,019	398,526	0.045214

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

20.216224

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.043245

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

335,429

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

14,506

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

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

14,513

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

18,047

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	7
	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	7
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	7
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	179
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	179
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	172
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax8	Refunded	11	164

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSN Telephone no. bullet

(701) 795-6162

Located at bullet

600 DEMERS AVEGRAND FORKSND ZIP+4 bullet

58102

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
US BANK NA	TRUSTEE 1	10,650
505 2ND AVE N FARGO,ND58102	TRUSTEE 1	10,650

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

326,434

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

14,103

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

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

340,537

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

340,537

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

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

5,108

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

335,429

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

16,771

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

16,771

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

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

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

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

16,764

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

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

16,764

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

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

16,764

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 ..........

18,047

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

18,047

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

18,040

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					16,764
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				16,982
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 18,047
a Applied to 2014, but not more than line 2a				16,982
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.....					1,065
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					15,699
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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 e-mail address of the person to whom applications should be addressed:

KAREN HORGE
600 DEMERS AVE
GRAND FORKS,ND58201
(701) 795-6162

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

LETTER FORM

cAny submission deadlines:

NONE SCHOLARSHIPS TO STUDENTS AT THE UNIVERSITY OF ND

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

IN THE FIELD OF VISUAL ARTS

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CONCORDIA COLLEGE FBO LEANN CZAPIEWSKI 171 WHITE PLAINS RD BRONXVILLE,NY10708	NONE	I	SCHOLARSHIPS	836
NORTH DAKOTA STATE UNIVERSITY FBO ERIN MISIALEK 1340 ADMINSTRATION AVE FARGO,ND58105	NONE	I	SCHOLARSHIPS	2,508
SALVATION ARMY ATTN TRACY HORNING JD 2445 PRIOR AVENUE ROSEVILLE,MN55116	NONE	PC	GENERAL OPERATING	2,279
DIOCESE OF FARGO P O BOX 1750 FARGO,ND58107	NONE	PC	GENERAL OPERATING	3,468
WALSH COUNTY HISTORICAL MUSEUM P O BOX 312 MINOT,ND58261	NONE	PC	GENERAL OPERATING	4,522
SACRED HEART CATH CHURCH CEM ASSOC 5201 BISHOPS BLVD SUITE A FARGO,ND58104	NONE	PC	GENERAL OPERATING	3,369
Total ................................. 3a				16,982

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	5,853
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	4,565
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)..				10,418

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

1310,418

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

EIN:

45-6085277

Name of Bond	End of Year Book Value	End of Year Fair Market Value
NUVEEN INFLATION PRO SEC	10,760	11,202
AMER CENT DIVERSIFI BOND INS	39,495	39,523
COLUMBIA INCOME FD CL Z	14,962	14,982
FEDERATED INST HI YLD BD FD	12,778	12,273
TCW EMERGING MARKETS INCOME FD	1,310	1,280
LOOMIS SAYLES STRATEGIC ALPHA	10,226	10,051

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

EIN:

45-6085277

Name of Stock	End of Year Book Value	End of Year Fair Market Value
NUVEEN REAL ESTATE	12,376	16,088
NUVEEN MID CAP VALUE	1,188	2,382
T ROWE PRICE MID CAP VALUE	10,404	11,152
JOHN HANCOCK FDS III DISCPLN V	25,775	27,208
VANGUARD 500 INDEX ADMIRAL	26,046	28,587
T ROWE PRICE MID CAP GROWTH FD	12,011	12,088
FIDELITY INVT TR AD INTL DISCI	19,959	35,167
T ROWE PRICE INTL&GR INC FD	20,923	19,759
CAUSEWAY EMERGING MARKETS INST	8,114	7,688
ROBECO BOSTON PARTNERS L S RSR	22,268	21,975
GOLDMAN SACHS COMM STRAT INS	11,027	9,580

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

EIN:

45-6085277

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BARON EMERGING MARKETS INSTITU	AT COST	7,022	7,764
T. ROWE PRICE GROWTH STOCK	AT COST	26,123	27,065
VANGUARD SMALL CAP INDEX FUND	AT COST	11,892	12,811
NOMURA HIGH YIELD FUND CLASS I	AT COST	7,025	7,011
CAMBIAR INTL EQUITY FUND INS	AT COST	835	857

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

EIN:

45-6085277

Description	Amount
ROUNDING	2

- TIN:

TY 2015 TaxesSchedule

Name:

STEPHANIE PREPIORA ENDOWMENT FD A STEPHANIE

EIN:

45-6085277

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	90	90		0
FEDERAL ESTIMATES - PRINCIPAL	74	0		0