Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 08-01-2018 , and ending 07-31-2019
Name of foundation
DALE KRUEGER SCHOLARSHIP
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

93-6331222
B Telephone number (see instructions)

(503) 464-3580
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,133,833J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 264,336 264,304  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 383,381
b Gross sales price for all assets on line 6a 2,542,005
7 Capital gain net income (from Part IV, line 2)... 383,381
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)....... Click to see attachment 18,691    
12 Total. Add lines 1 through 11........ 666,408 647,685  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 127,634 114,871   12,763
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).... Click to see attachment 1,783 1,783   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,734 6,734   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)....... Click to see attachment 8,144 1,675   6,469
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 144,295 125,063 0 19,232
25 Contributions, gifts, grants paid....... 380,000 380,000
26 Total expenses and disbursements. Add lines 24 and 25 524,295 125,063 0 399,232
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 142,113
b Net investment income (if negative, enter -0-) 522,622
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
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
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 117    
2 Savings and temporary cash investments......... 143,376 268,509 268,509
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,308,206 Click to see attachment5,245,733 6,632,181
c Investments—corporate bonds (attach schedule)....... 3,140,253 Click to see attachment3,034,980 3,029,573
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment202,190 203,570
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,591,952 8,751,412 10,133,833
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
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 bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 8,591,952 8,751,412
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)..... 8,591,952 8,751,412
31 Total liabilities and net assets/fund balances (see instructions). 8,591,952 8,751,412
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,591,952
2
Enter amount from Part I, line 27a .....................
2
142,113
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
17,347
4
Add lines 1, 2, and 3 ..........................
4
8,751,412
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,751,412
Form 990-PF (2018)
Form 990-PF (2018)
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 100. AAON INC   2013-02-20 2018-08-22
b 18. AARONS INC   2013-02-20 2018-08-22
c 140. ABBVIE INC   2012-07-05 2018-08-22
d 12213.462 ABERDEEN FDS EMRGN   2015-05-14 2018-08-22
e 40. ACUITY BRANDS INC     2018-08-22
889. AIRBUS GROUP NV A D R     2018-08-22
1. ALPHABET INC CL C   2012-07-05 2018-08-22
5. ALPHABET INC CL A   2017-03-20 2018-08-22
35180.601 AMER CENT DIVERSIFI BOND INS     2018-08-22
90. ANSYS INC COMMON STOCK     2018-08-22
186. APOGEE ENTERPRISES INC     2018-08-22
220. APPLE COMPUTER INC     2018-08-22
200. ASPEN TECHNOLOGY INC COM   2016-07-19 2018-08-22
100. ASTEC INDUSTRIES INC     2018-08-22
721. AUTOHOME INC     2018-08-22
70. BBA AVIATION PLC UNSPON A D R   2016-07-19 2018-08-22
67. B H P BILLITON PLC SPSD A D R   2017-03-20 2018-08-22
62. BADGER METER INC     2018-08-22
1200. BANCO BILBAO VIZCAYA ARGEN A D R     2018-08-22
56. BAYERISCHE MOTOREN SPON A D R   2013-10-22 2018-08-22
196. BERKSHIRE HATHAWAY INC CL B     2018-08-22
33. BLACKROCK INC   2012-07-05 2018-08-22
9. BOOKING HOLDINGS INC     2018-08-22
123. BUCKLE INC     2018-08-22
706. CK HUTCHISON HOLDINGS LIMITED ADR   2016-07-19 2018-08-22
120. CVS CORP COM     2018-08-22
44. CABOT MICROELECTRONICS CORP COM   2012-07-05 2018-08-22
50. CAL MAINE FOODS INC     2018-08-22
177. CAMBREX CORP COM     2018-08-22
200. CANON INC ADR REPSTG 5 SHS   2015-01-16 2018-08-22
94. CARLSBERG AS A D R   2016-07-19 2018-08-22
80. CARTERS INC     2018-08-22
123. CELGENE CORPORATION COM   2017-05-01 2018-08-22
843. CHEFS WAREHOUSE HOLDINGS LLC     2018-08-22
150. CHURCH AND DWIGHT CO INC   2012-07-05 2018-08-22
11. COCA COLA CO   2012-07-05 2018-08-22
200. COGNEX CORP   2015-12-07 2018-08-22
315. COGNIZANT TECHNOLOGY SOLUTIONS CL A   2012-07-05 2018-08-22
122. COLGATE-PALMOLIVE CO COM   2015-01-16 2018-08-22
294. COLUMBUS MCKINNON CORPORATION     2018-08-22
200. COPART INC COM     2018-08-22
383. DONALDSON CO INC     2018-08-22
9236.471 DRIEHAUS ACTIVE INCOME FUND   2012-07-05 2018-08-22
65. DRIL QUIP INC     2018-08-22
120. FACTSET RESEARCH SYSTEMS INC     2018-08-22
430. GENERAL MOTORS CO     2018-08-22
442. GRANITE CONSTRUCTION INC     2018-08-22
300. H E I C O CORPORATION CL A     2018-08-22
7767.104 HIGHLAND LONG SHORT EQUITY Z   2017-05-01 2018-08-22
143. HUNT J B TRANS SVCS INC     2018-08-22
20. ICU MEDICAL INC     2018-08-22
150. INTERACTIVE BROKERS GROUP CL A   2017-03-20 2018-08-22
100. THE KRAFT HEINZ CO   2016-07-19 2018-08-22
289. MSA SAFETY INC     2018-08-22
500. MARCUS CORP   2015-01-16 2018-08-22
40. MERCADOLIBRE INC     2018-08-22
400. MITSUBISHI ESTATE LTD A D R     2018-08-22
63. MONARCH CASINO RESORT INC COM     2018-08-22
295. NVE CORP     2018-08-22
31. NATIONAL-OILWELL INC   2015-01-16 2018-08-22
40. NATIONAL PRESTO INDS INC     2018-08-22
34. NEWELL RUBBERMAID INC     2018-08-22
61. NOW INC DE W I   2012-07-05 2018-08-22
1539.572 NUVEEN REAL ESTATE SECS I   2017-11-14 2018-08-22
16864.103 NUVEEN INFLATION PRO SEC CL I     2018-08-22
858. OLLIES BARGAIN OUTLET HOLDI     2018-08-22
119. PACKAGING CORP AMER COM     2018-08-22
34. PATTERSON COMPANIES INC   2012-07-05 2018-08-22
400. PAYPAL HOLDINGS INC     2018-08-22
250. PEARSON P L C A D R   2015-09-03 2018-08-22
205. PRICE SMART INC     2018-08-22
400. QUALCOMM INC   2012-07-05 2018-08-22
43443.89 ROWE T PRICE INTL FDS INC INTL BD FD     2018-08-22
300. KONINKLIJKE DSM NV ADR   2013-10-22 2018-08-22
555. SCHLUMBERGER LTD ISIN #AN8068571086     2018-08-22
650. SEIKO EPSON A D R     2018-08-22
17. SHIRE PHARMACEUTICALS GR SPONSORED ADR     2018-08-22
367. SIFCO INDS INC     2018-08-22
100. T J X COS INC NEW   2016-07-19 2018-08-22
285. TATA MOTORS LTD A D R   2017-05-01 2018-08-22
428. TRACTOR SUPPLY CO     2018-08-22
851. TRINITY BIOTECH PLC SPON A D R     2018-08-22
3292. TURKIYE GARANTI BANKASI A S A D R   2012-07-05 2018-08-22
232. UNION PACIFIC CORPORATION COMMON STOCK     2018-08-22
175. VANGUARD GLBL EX US REAL ESTATE ETF   2018-03-14 2018-08-22
3. VANGUARD GLBL EX US REAL ESTATE ETF   2017-05-02 2018-08-22
60. VISA INC   2017-03-20 2018-08-22
146. WNS HOLDINGS LTD ADR   2017-05-01 2018-08-22
100. WELLS FARGO & CO NEW   2012-07-05 2018-08-22
156. WESTPAC BANKING COPR SPON ADR   2015-01-16 2018-08-22
71. WHIRLPOOL CORP COM W/RTS ATTACHED EXP 05/22/2008     2018-08-22
81. ZUMIEZ INC   2015-09-03 2018-08-22
217. NIELSEN HOLDINGS PLC     2018-08-22
.4 GARRETT MOTION INC   2015-09-03 2018-10-23
60. PRAXAIR INC   2015-09-03 2018-10-31
30. PRAXAIR INC   2015-12-07 2018-10-31
175. K M G CHEMICALS INC   2013-02-20 2018-11-19
.8 EQUITRANS MIDSTREAM CORP   2012-07-05 2018-12-07
39. NEX GROUP PLC SPONSORED A D R   2013-10-22 2018-12-20
298. THE KRAFT HEINZ CO     2019-02-22
.908 ACS ACTIVIDADES CONS UNS A D R   2017-05-01 2019-03-05
.2 MULTICHOICE GROUP LTD ADR   2019-03-04 2019-03-18
309. GEMALTO NV SPONSORED ADR     2019-03-28
36. ELLIE MAE INC   2015-01-16 2019-04-17
.8 ALCON INC   2015-01-16 2019-04-18
.5714 KONTOOR BRANDS INC W I   2012-07-05 2019-06-05
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,275   1,070 3,205
b 914   529 385
c 13,681   4,727 8,954
d 176,240   177,706 -1,466
e 5,912   7,900 -1,988
27,532   16,815 10,717
1,205   298 907
6,091   4,341 1,750
367,285   389,190 -21,905
15,722   7,108 8,614
9,283   6,078 3,205
47,218   22,552 24,666
21,976   8,444 13,532
4,814   3,499 1,315
56,227   19,332 36,895
1,394   1,081 313
2,836   2,220 616
3,394   1,722 1,672
7,590   14,845 -7,255
1,779   2,111 -332
40,564   17,640 22,924
15,673   5,665 10,008
17,281   11,931 5,350
3,370   4,306 -936
8,013   7,978 35
8,881   7,209 1,672
4,833   1,320 3,513
2,487   1,119 1,368
11,204   9,666 1,538
6,322   6,442 -120
2,318   1,802 516
8,659   6,095 2,564
11,139   15,284 -4,145
24,494   16,737 7,757
8,453   4,258 4,195
505   431 74
10,650   3,736 6,914
23,657   9,521 14,136
8,171   8,398 -227
12,076   6,868 5,208
12,578   3,501 9,077
18,801   13,450 5,351
89,871   95,782 -5,911
3,360   5,749 -2,389
26,601   16,625 9,976
15,510   13,488 2,022
19,580   16,114 3,466
20,310   7,281 13,029
101,361   93,361 8,000
17,680   10,664 7,016
6,020   1,609 4,411
9,133   5,447 3,686
5,945   8,897 -2,952
29,005   16,419 12,586
19,399   9,446 9,953
13,579   4,988 8,591
6,484   10,986 -4,502
2,978   1,114 1,864
34,827   17,632 17,195
1,397   1,803 -406
5,552   3,115 2,437
732   1,112 -380
1,060   1,664 -604
31,885   35,518 -3,633
185,505   191,862 -6,357
67,910   17,733 50,177
13,154   7,470 5,684
799   1,197 -398
34,716   14,998 19,718
2,965   4,250 -1,285
17,722   15,576 2,146
26,684   22,683 4,001
378,396   392,973 -14,577
7,791   5,586 2,205
36,075   42,113 -6,038
5,538   5,315 223
2,918   3,001 -83
1,743   5,180 -3,437
10,559   7,932 2,627
5,388   10,188 -4,800
36,798   28,623 8,175
3,218   10,495 -7,277
3,259   13,036 -9,777
34,875   25,952 8,923
10,076   10,713 -637
173   165 8
8,468   5,353 3,115
7,473   4,665 2,808
5,920   3,329 2,591
3,342   4,257 -915
9,126   9,339 -213
2,418   1,885 533
5,603   10,091 -4,488
6   4 2
9,807   6,206 3,601
4,904   3,297 1,607
13,281   3,530 9,751
17   26 -9
1,151   847 304
10,418   23,784 -13,366
8   6 2
2   1 1
8,852   9,644 -792
3,564   1,523 2,041
45   49 -4
17   8 9
      63,555
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       3,205
b       385
c       8,954
d       -1,466
e       -1,988
      10,717
      907
      1,750
      -21,905
      8,614
      3,205
      24,666
      13,532
      1,315
      36,895
      313
      616
      1,672
      -7,255
      -332
      22,924
      10,008
      5,350
      -936
      35
      1,672
      3,513
      1,368
      1,538
      -120
      516
      2,564
      -4,145
      7,757
      4,195
      74
      6,914
      14,136
      -227
      5,208
      9,077
      5,351
      -5,911
      -2,389
      9,976
      2,022
      3,466
      13,029
      8,000
      7,016
      4,411
      3,686
      -2,952
      12,586
      9,953
      8,591
      -4,502
      1,864
      17,195
      -406
      2,437
      -380
      -604
      -3,633
      -6,357
      50,177
      5,684
      -398
      19,718
      -1,285
      2,146
      4,001
      -14,577
      2,205
      -6,038
      223
      -83
      -3,437
      2,627
      -4,800
      8,175
      -7,277
      -9,777
      8,923
      -637
      8
      3,115
      2,808
      2,591
      -915
      -213
      533
      -4,488
      2
      3,601
      1,607
      9,751
      -9
      304
      -13,366
      2
      1
      -792
      2,041
      -4
      9
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 383,381
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 ................... 		Bracket 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?
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))
2017 406,242 9,684,245 0.041949
2016 432,557 9,156,582 0.04724
2015 473,884 8,856,999 0.053504
2014 441,257 9,608,311 0.045925
2013 499,534 9,706,029 0.051466
2
Total of line 1, column (d) .....................
2
0.240084
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.048017
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,543,684
5
Multiply line 4 by line 3......................
5
458,259
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,226
7
Add lines 5 and 6........................
7
463,485
8
Enter qualifying distributions from Part XII, line 4,.............
8
399,232
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 10,452
hereBulletand 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 10,452
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 10,452
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,080
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 2,080
8 Enter any penalty for underpayment of estimated tax. Check here if 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.......Bullet 9 8,372
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    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 .
    8b
    Yes
     
    9
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 .............
    11
     
    No
    12
    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.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580

    Located atbulletPO BOX 0634MILWAUKEEWI ZIP+4bullet53201
    15
    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
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 ........
    1b
     
    No
    ........bullet
    c
    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 2018?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 ......
    5b
     
    No
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK TRUSTEE
    1     		127,634    
    PO BOX 3168
    PORTLAND,OR97208
    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...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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.............bullet0
    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 (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,512,505
    b
    Average of monthly cash balances.......................
    1b
    176,514
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,689,019
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,689,019
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    145,335
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,543,684
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    477,184
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    477,184
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    10,452
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,452
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    466,732
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    17,179
    5
    Add lines 3 and 4............................
    5
    483,911
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    483,911
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    399,232
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    399,232
    5
    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.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    399,232
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 483,911
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 37,930
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 399,232
    a Applied to 2017, but not more than line 2a 37,930
    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 2018 distributable amount..... 361,302
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		122,609
    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
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WILLIAM DOLAN
    US BANK - PO BOX 3168
    PORTLAND,OR97208
    (503) 464-4909
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    APRIL 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATES OF GRESHAM, BARLOW, REYNOLDS OR CENTENNIAL HIGH SCHOOLS.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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)
    aPaid during the year
    CONCORDIA UNIVERSITY
    OFFICE OF FINANCIAL AID
    2811 NE HOLMAN ST
    PORTLAND,OR97211     		NONE I SCHOLARSHIP 8,000
    EASTERN OREGON UNIV
    OFFICE OF FINANCIAL AID
    ONE UNIVERSITY BLVD
    LA GRANDE,OR97580     		NONE I SCHOLARSHIP 4,000
    GEORGE FOX UNIVERSITY
    OFFICE OF FINANCIAL AID
    414 N MERIDIAN ST 6129
    NEWBERG,OR97132     		NONE I SCHOLARSHIP 8,000
    GEORGE WASHINGTON UNIV
    800 21ST STREET NW
    WASHINGTON,DC20052     		NONE I SCHOLARSHIP 2,000
    GONZAGA UNIVERSITY
    502 E BOONE AVE
    SPOKANE,WA99258     		NONE I SCHOLARSHIP 2,000
    LINFIELD COLLEGE
    900 SE BAKER ST
    MCMINNVILLE,OR97128     		NONE I SCHOLARSHIP 4,000
    MT HOOD COMMUNITY COLLEGE
    26000 SE STARK ST
    GRESHAM,OR97030     		NONE I SCHOLARSHIP 24,000
    MULTNOMAH UNIVERSITY
    8435 NE GLISAN ST
    PORTLAND,OR97220     		NONE I SCHOLARSHIP 2,000
    OREGON INSTITUTE OF TECHNOLOGY
    3201 CAMPUS DRIVE
    KLAMATH FALLS,OR97601     		NONE I SCHOLARSHIP 6,000
    OREGON STATE UNIVERSITY
    218 KERR ADMIN BLDG
    CORVALLIS,OR97331     		NONE I SCHOLARSHIP 32,000
    PORTLAND COMM COLLEGE
    PO BOX 19000
    PORTLAND,OR97280     		NONE I SCHOLARSHIP 12,000
    PORTLAND STATE UNIVERSITY
    PO BOX 851
    PORTLAND,OR97207     		NONE I SCHOLARSHIP 96,000
    SEATTLE PACIFIC UNIV
    3307 3RD AVE WEST
    SEATTLE,WA98119     		NONE I SCHOLARSHIP 2,000
    STANFORD UNIVERSITY
    OFFICE OF FINANCIAL AID
    355 GALVEZ ST
    STANFORD,CA94305     		NONE I SCHOLARSHIPS 2,000
    UNIVERSITY OF PORTLAND
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE I SCHOLARSHIP 16,000
    UNIVERSITY OF OREGON
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE I SCHOLARSHIP 58,000
    WARNER PACIFIC COLLEGE
    2219 SE 68TH AVE
    PORTLAND,OR97215     		NONE I SCHOLARSHIP 14,000
    WASHINGTON STATE UNIV
    FINANCIAL AID OFFICE
    PO BOX 641068
    PULLMAN,WA99164     		NONE I SCHOLARSHIPS 4,000
    WESTERN OREGON UNIVERSITY
    345 N MONMOUTH AVE
    MONMOUTH,OR97361     		NONE I SCHOLARSHIP 8,000
    WHEATON COLLEGE
    OFFICE OF FINANCIAL AID
    501 COLLEGE AVE
    WHEATON,IL60187     		NONE I SCHOLARSHIP 2,000
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE I SCHOLARSHIP 2,000
    WILLAMETTE UNIVERSITY
    900 STATE STREET
    SALEM,OR97301     		NONE I SCHOLARSHIP 8,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY
    FORT COLLINS,CO805231065     		NONE I SCHOLARSHIP 2,000
    CONCORDIA UNIVERSITY - IRVINE
    1530 CONCORDIA WEST
    IRVINE,CA92612     		NONE I SCHOLARSHIP 2,000
    BRIGHAM YOUNG UNIV
    A-41 ASB
    PROVO,UT84602     		NONE I SCHOLARSHIP 4,000
    EMMAUS BIBLE COLLEGE
    ATTN SCHOLARSHIPS
    2570 ASBURY ROAD
    DUBUQUE,IA52001     		NONE I SCHOLARSHIPS 2,000
    LONG ISLAND UNIVERSITY GLOBAL
    ATTN SCHOLARSHIPS
    ONE UNIVERSITY PLAZA
    BROOKLYN,NY11201     		NONE I SCHOLARSHIPS 2,000
    COLBY COLLEGE
    ATTN SCHOLARSHIPS
    4000 MAYFLOWER HILL DR
    WATERVILLE,ME04901     		NONE I SCHOLARSHIPS 2,000
    UNIVERSITY OF UTAH
    ATTN SCHOLARSHIPS
    201 PRESIDENTS CIRCLE
    SALT LAKE CITY,UT84112     		NONE I SCHOLARSHIPS 2,000
    ROCKY MOUNTAIN COLLEGE
    OFFICE OF FINANCIAL AID
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE I SCHOLARSHIP 2,000
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 2,000
    HAMLINE UNIVERSITY
    1536 HEWITT AVE
    SAINT PAUL,MN55104     		NONE I SCHOLARSHIP 2,000
    FRESNO PACIFIC UNIVERSITY
    1717 S CHESTNUT AVE 2004
    FRESNO,CA93702     		NONE I SCHOLARSHIP 2,000
    UNIVERSITY OF SAN FRANCISCO
    2130 FULTON STREET
    SAN FRANCISCO,CA94117     		NONE I SCHOLARSHIP 2,000
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59625     		NONE I SCHOLARSHIP 2,000
    GEORGETOWN UNIV
    FINANCIAL AID OFFICE
    G-19 HEALY HALL
    WASHINGTON D C,DC20057     		NONE I SCHOLARSHIP 4,000
    UNIVERSITY OF SAN DIEGO
    5998 ALCALA PARK
    SAN DIEGO,CA92110     		NONE I SCHOLARSHIP 2,000
    WELLESLEY COLLEGE
    OFFICE OF FINANCIAL AID
    SCHNEIDER CENTER 122
    WELLESLEY,MA02481     		NONE I SCHOLARSHIP 2,000
    UNIVERSITY OF PHOENIX
    4035 S RIVERPOINT PARKWAY
    PHOENIX,AZ85040     		NONE I SCHOLARSHIP 2,000
    LAWRENCE UNIVERSITY
    FINANCIAL AID OFFICE
    APPLETON,WI54912     		NONE I SCHOLARSHIP 2,000
    CHAPMAN UNIVERSITY
    1 UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE I SCHOLARSHIP 2,000
    CLACKAMAS COMM COLLEGE
    19600 S MOLALLA AVE
    OREGON CITY,OR97045     		NONE I SCHOLARSHIP 2,000
    CASE WESTERN RESERVE UNIVERSITY
    FINANCIAL AID OFFICE
    10900 EUCLID AVE
    CLEVELAND,OH44106     		NONE I SCHOLARSHIP 2,000
    UNIVERSITY OF IDAHO
    FINANCIAL AID OFFICE
    PO BOX 444264
    MOSCOW,ID83844     		NONE I SCHOLARSHIPS 2,000
    SANTA CLARA UNIVERSITY
    500 EL CAMINO REAL
    SANTA CLARA,CA95053     		NONE I SCHOLARSHIP 4,000
    DARTMOUTH COLLEGE
    6024 MCNUTT HALL
    HANOVER,NH03755     		NONE I SCHOLARSHIP 2,000
    COLORADO COLLEGE
    14 EAST CAHE LA POUDRE ST
    COLORADO SPRINGS,CO80903     		NONE I SCHOLARSHIP 2,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY
    LOS ANGELES,CA97850     		NONE I SCHOLARSHIP 2,000
    UNIVERSITY OF NOTRE DAME
    220 MAIN BUILDING
    NOTRE DAME,IN46556     		NONE I SCHOLARSHIP 2,000
    SMITH COLLEGE
    30 BELMONT AVE
    NORTH HAMPTON,MA01063     		NONE I SCHOLARSHIPS 2,000
    LEWIS AND CLARK COLLEGE
    ATTN SCHOLARSHIPS
    PORTLAND,OR97219     		NONE I SCHOLARSHIP 2,000
    Total .................................bullet 3a 380,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    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....     14 264,336  
    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 ............     		    18 383,381  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 1,512  
    bRETURN OF PRIOR YE     1 17,179  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   666,408  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    666,408
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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 (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Name of Bond End of Year Book Value End of Year Fair Market Value
    262028855 DRIEHAUS ACTIVE INCO 209,487 190,214
    77956H104 T ROWE PRICE INTL BO    
    670690387 NUVEEN INFLATION PRO    
    258620103 DOUBLELINE TOTAL RET 618,032 608,150
    024932600 AMER CENT DIVERSIFI    
    057071854 BAIRD AGGREGATE BOND 511,486 518,885
    464288612 ISHARES BARCLAYS INT 706,793 721,619
    31420B300 FEDERATED INST HI YL 293,572 284,018
    693390882 P I M C O FOREIGN BO 297,859 310,017
    46429B655 ISHARES FLOATING RAT 397,751 396,670

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Name of Stock End of Year Book Value End of Year Fair Market Value
    904784709 UNILEVER N V A D R 4,405 5,543
    62942M201 NTT DOCOMO INC A D R 8,807 12,885
    136385101 CANADIAN NATURAL RES 10,238 8,115
    N00985106 AERCAP HOLDINGS NV 14,256 19,903
    256135203 DR REDDYS LABORATORI 8,771 7,767
    G3922B107 GENPACT LIMITED 12,331 18,729
    34407D109 FLY LEASING LTD A D 20,183 25,012
    466140100 JGC CORP UNSPONSORED 5,062 2,636
    585464100 MELCO CROWN ENTERTAI 18,497 22,155
    46115H107 INTESA SANPAOLO A D 9,658 9,797
    92937A102 WPP PLC SPONSORED A 9,940 6,536
    75955B102 RELX NV SPON A D R    
    46434G103 ISHARES CORE MSCI EM 288,147 286,528
    194162103 COLGATE PALMOLIVE CO 3,717 3,874
    963320106 WHIRLPOOL CORP    
    50216C108 L S I INDUSTRIES INC 4,663 2,962
    950755108 WERNER ENTERPRISES I 2,259 3,216
    383082104 GORMAN RUPP CO 21,047 28,802
    920437100 VALUE LINE INC 825 2,166
    566330106 MARCUS CORP 4,817 8,922
    418056107 HASBRO INC 10,940 13,206
    126650100 CVS HEALTH CORPORATI 3,902 4,023
    17275R102 CISCO SYSTEMS INC 13,450 21,661
    700416209 PARK ELECTROCHEMICAL    
    892356106 TRACTOR SUPPLY CO    
    311900104 FASTENAL CO 14,278 17,494
    855668109 STARRETT L S CO 1,468 761
    422347104 HEARTLAND EXPRESS IN 6,385 8,710
    749660106 RPC ENERGY SVCS INC 3,278 1,304
    320734106 FIRST LONG ISLAND CO 3,312 4,424
    858912108 STERICYCLE INC COMMO 1,593 689
    192446102 COGNIZANT TECHNOLOGY    
    262037104 DRIL QUIP INC 4,391 3,894
    826546103 SIFCO INDS INC    
    497266106 KIRBY CORP 1,479 2,429
    539830109 LOCKHEED MARTIN CORP 11,030 15,573
    426281101 JACK HENRY ASSOCIATE 6,267 19,837
    682680103 ONEOK INC 1,260 1,822
    216648402 COOPER COS INC 7,235 19,569
    44930G107 ICU MEDICAL INC 1,026 4,580
    989817101 ZUMIEZ INC    
    163086101 CHEFS WAREHOUSE HOLD    
    151020104 CELGENE CORPORATION    
    91324P102 UNITED HEALTH GROUP 7,533 19,921
    92345Y106 VERISK ANALYTICS INC 12,590 38,082
    741511109 PRICE SMART INC    
    49428J109 KIMBALL ELECTRONICS 2,593 3,641
    46625H100 J P MORGAN CHASE CO 10,454 26,680
    589889104 MERIT MEDICAL SYSTEM 2,197 5,880
    73278L105 POOL CORPORATION 9,849 15,718
    677864100 OIL DRI CORP AMER 4,095 4,712
    573075108 MARTEN TRANSPORTATIO 1,938 4,616
    438516106 HONEYWELL INTERNATIO 10,275 19,660
    83569C102 SONOVA HOLDING UNSPO 11,977 28,391
    307305102 FANUC CORPORATION A 14,743 15,744
    896438306 TRINITY BIOTECH PLC    
    780259107 ROYAL DUTCH SHELL A 18,974 20,755
    04623U102 ASTELLAS PHARMA INC 6,680 7,137
    430070409 HIGHLAND LONG SHORT 356,091 352,375
    670678507 NUVEEN REAL ESTATE S 310,690 309,596
    136375102 CANADIAN NATL RY CO 12,116 15,989
    501173207 KUBOTA LTD A D R 4,878 5,406
    705015105 PEARSON P L C A D R 4,488 2,783
    686330101 ORIX CORP SPONS A D 8,931 9,203
    45662N103 INFINEON TECHNOLOGIE 158 358
    268780103 E ON AG A D R 9,647 9,652
    71654V408 PETROLEO BRASILEIRO 1,935 1,821
    689164101 OTSUKA HOLDINGS LTD 5,564 6,297
    60687Y109 MIZUHO FNL GRP A D R 17,357 14,200
    449172105 HYSTER YALE MATERIAL 3,318 3,154
    45841N107 INTERACTIVE BROKERS 11,910 16,813
    500754106 THE KRAFT HEINZ CO    
    439038100 HOOKER FURNITURE COR 4,420 5,296
    37045V100 GENERAL MOTORS CO    
    92826C839 VISA INC 12,626 54,468
    433323102 HINGHAM INSTITUTION 2,907 6,940
    641069406 NESTLE SA SPONSORED 57,456 88,789
    670100205 NOVO NORDISK AS A D 11,857 18,497
    12626K203 CRH PLC ADR 1,057 1,201
    653656108 NICE SYS LTD SPONSOR 19,351 54,979
    237545108 DASSAULT SYSTEMES SA 14,037 45,490
    874039100 TAIWAN SEMICONDUCTOR 13,472 27,752
    500458401 KOMATSU LTD A D R RE 11,448 9,647
    00089H106 ACS ACTIVIDADES CONS 7,320 9,531
    866942105 SUN HYDRAULICS CORP    
    703395103 PATTERSON COMPANIES    
    40049J206 GRUPO TELEVISA SA SP 4,321 1,522
    679580100 OLD DOMINION FGHT LI 2,225 8,516
    800013104 SANDERSON FARMS INC 4,342 7,468
    761152107 RESMED INC 10,606 20,721
    217204106 COPART INC COM 2,556 11,319
    373865104 GERMAN AMERICAN BANC 3,307 4,764
    780641205 KONINKLIJKE ROYAL KP 11,088 10,453
    961214301 WESTPAC BANKING COPR    
    65342A206 NEX GROUP PLC SPONSO    
    142795202 CARLSBERG AS A D R 2,664 3,766
    G1151C101 ACCENTURE PLC CL A 7,659 24,265
    05946K101 BANCO BILBAO VIZCAYA 14,798 10,251
    80105N105 SANOFI A D R 2,217 2,002
    88031M109 TENARIS SA ADR 3,371 3,048
    876568502 TATA MOTORS LTD A D    
    81603X108 SEIKO EPSON A D R 3,753 3,347
    144430204 CARREFOUR SA SP A D 8,996 7,205
    617700109 MORNINGSTAR INC 13,437 29,636
    00206R102 ATT INC 11,894 11,577
    31620M106 FIDELITY NATL INFORM 7,559 29,049
    26884L109 EQUITABLE CORP 896 468
    806857108 SCHLUMBERGER LTD 26,479 15,988
    37733W105 GLAXO SMITHKLINE P L 23,987 23,736
    00687A107 ADIDAS AG A D R 7,374 26,949
    465562106 ITAU UNIBANCO HOLDIN 10,106 12,215
    N22717107 CORE LABORATORIES N 16,109 8,027
    82481R106 SHIRE PLC A D R    
    297284200 ESSILOR INTL A D R 12,888 14,293
    87184P109 SYSMEX CORP UNSPON A 3,529 12,617
    693483109 POSCO A D R 2,987 2,107
    459506101 INTL FLAVORS FRAGRA 11,294 14,831
    571748102 MARSH MCLENNAN COS I 11,015 19,266
    574599106 MASCO CORP 8,479 10,233
    693718108 PACCAR INC 427 772
    294429105 EQUIFAX INC 5,763 12,657
    171340102 CHURCH AND DWIGHT CO 2,952 7,846
    445658107 HUNT J B TRANS SVCS    
    478160104 JOHNSON JOHNSON 9,193 12,892
    717081103 PFIZER INC 11,304 19,265
    594918104 MICROSOFT CORP 10,266 42,789
    192422103 COGNEX CORP 1,868 4,401
    229669106 CUBIC CORP 3,807 5,495
    92343V104 VERIZON COMMUNICATIO 1,636 1,879
    44980X109 IPG PHOTONIC CORP CO 8,206 12,970
    343498101 FLOWERS FOODS INC 5,011 6,352
    254709108 DISCOVER FINL SVCS 5,132 7,807
    146229109 CARTERS INC 2,694 3,349
    M22465104 CHECK POINT SOFTWARE 16,364 18,024
    66987V109 NOVARTIS AG A D R 19,854 21,430
    353514102 FRANKLIN ELEC INC 1,526 1,874
    651229106 NEWELL RUBBERMAID IN    
    405217100 HAIN CELESTIAL GROUP 6,490 4,920
    92939U106 WEC ENERGY GROUP INC 3,363 5,811
    70450Y103 PAYPAL HOLDINGS INC 6,495 20,203
    02079K305 ALPHABET INC CL A 11,745 29,237
    695156109 PACKAGING CORP AMERI    
    479167108 JOHNSON OUTDOORS INC 3,686 11,422
    65339F101 NEXTERA ENERGY INC 9,093 24,239
    609027107 MONARCH CASINO RESO 2,218 9,508
    28849P100 ELLIE MAE INC    
    606783207 MITSUBISHI ESTATE LT 9,652 8,184
    61022V107 MONOTARO CO LTD UNSP 2,558 3,562
    05278C107 AUTOHOME INC    
    87155N109 SYMRISE AG UNSPON A 5,789 8,613
    780259206 ROYAL DUTCH SHELL PL 14,343 19,056
    83175M205 SMITH NEPHEW P L C 31,323 42,668
    45104G104 ICICI BANK LTD A D R 6,591 10,391
    813113206 SECOM COMPANY LIMITE 8,448 14,227
    756255204 RECKITT BENCKISER SP 7,762 6,127
    19624Y101 COLOPLAST AS A D R 691 1,040
    294821608 ERICSSON LM TEL SP A 4,370 3,841
    92852T201 VIVENDI SA UNSPON AD 6,587 9,511
    870886108 SWISS RE LTD SPN A D 6,680 10,332
    500467501 KONINKLIJKE AHOLD DE 13,654 15,961
    637215104 NATIONAL PRESTO INDS 2,685 3,955
    831865209 SMITH A O CORP 275 636
    257651109 DONALDSON CO INC    
    387328107 GRANITE CONSTRUCTION    
    917488108 UTAH MED PRODS INC 4,144 7,279
    778296103 ROSS STORES INC 13,656 24,493
    118440106 BUCKLE INC    
    G3323L100 FABRINET 10,611 15,084
    684060106 ORANGE SPON A D R 10,170 9,480
    86803T104 SUNTORY BEVERAGE FOO 4,610 4,079
    502441306 LVMH MOET HENNESSY A 5,628 14,064
    35952Q106 FUCHS PETROLUB SE PR 6,239 5,327
    402307102 GULF IS FABRICATION 9,222 2,699
    258278100 DORMAN PRODUCTS INC 7,126 10,207
    315616102 F5 NETWORKS INC COM 10,818 12,618
    03662Q105 A N S Y S INC 1,097 3,453
    60740F105 MOBILE MINI INC 330 781
    714167103 PERMA PIPE HOLDINGS 2,987 3,098
    296650104 ESPEY MFG & ELECTRON 4,409 4,533
    00508Y102 ACUITY BRANDS INC 3,669 2,684
    58733R102 MERCADOLIBRE INC 4,653 26,721
    126402106 CSW INDUSTRIALS INC 1,231 2,401
    02079K107 ALPHABET INC CL C    
    502117203 LOREAL UNSPONSORED A 9,133 21,024
    G47791101 INGERSOLL RAND PLC 9,200 13,974
    23304Y100 DBS GROUP HLDGS LTD 19,947 32,698
    12562Y100 CK HUTCHISON HOLDING 3,288 2,706
    881575302 TESCO PLC SPONSORED 4,593 2,524
    29286D105 ENGIE A D R 10,582 11,987
    86562M209 SUMITOMO MITSUI FINL 8,918 6,174
    701491102 PARK24 CO LTD SPN A 2,973 2,021
    578787103 MAZDA MOTOR CORP-UNS 9,470 6,523
    251542106 DEUTSCHE BOERSE AG U 1,434 3,756
    780249108 KONINKLIJKE DSM NV A 3,680 6,423
    456463108 INDUSTRIAS BACHOCO S 10,829 16,915
    254687106 DISNEY WALT CO 11,058 15,016
    918204108 V F CORP 5,005 13,808
    460690100 INTERPUBLIC GROUP CO 3,293 3,186
    74005P104 PRAXAIR INC    
    871565107 SYNALLOY CORP 4,904 5,688
    46429B697 ISHARES MSCI USA MIN 352,033 444,278
    191216100 COCA COLA COMPANY    
    833034101 SNAP ON INC 9,627 11,141
    172908105 CINTAS CORP 5,161 21,096
    548661107 LOWES CO INC 7,192 16,934
    808513105 SCHWAB CHARLES CORP 1,124 3,760
    864159108 STURM RUGER CO INC 24,870 27,007
    871607107 SYNOPSYS INC 7,772 24,428
    806407102 SCHEIN HENRY INC COM 5,505 8,650
    907818108 UNION PACIFIC CORP    
    872540109 TJX COMPANIES INC 6,069 8,402
    754730109 RAYMOND JAMES FINL I 8,600 15,811
    747525103 QUALCOMM INC 9,623 12,803
    770323103 ROBERT HALF INTL INC 2,336 3,564
    132011107 CAMBREX CORP COM    
    637071101 NATIONAL OILWELL VAR    
    67011P100 NOW INC DE W I    
    592688105 METTLER-TOLEDO INTL 7,561 19,676
    562750109 MANHATTAN ASSOC INC 12,411 17,168
    533900106 LINCOLN ELEC HLDGS I 2,565 4,057
    718546104 PHILLIPS 66 14,532 21,435
    09247X101 BLACKROCK INC    
    482564101 K M G CHEMICALS INC    
    609207105 MONDELEZ INTERNATION 10,488 12,570
    166764100 CHEVRON CORPORATION 14,133 16,374
    511795106 LAKELAND INDUSTRIES 1,215 2,393
    492854104 KEWAUNEE SCIENTIFIC 1,421 1,442
    681116109 OLLIES BARGAIN OUTLE    
    629445206 NVE CORP    
    357023100 FREIGHTCAR AMER INC 4,586 1,094
    438128308 HONDA MOTOR CO LTD A 774 622
    251566105 DEUTSCHE TELEKOM AG 444 670
    626425102 MURATA MANUFACTUR UN 10,289 11,854
    G5960L103 MEDTRONIC PLC 14,748 19,878
    G6518L108 NIELSEN HOLDINGS PLC    
    H1467J104 CHUBB LTD 10,575 16,201
    36863N208 GEMALTO NV SPONSORED    
    02319V103 AMBEV SA SPN A D R 11,029 10,071
    69832A205 PANASONIC CORP A D R 8,595 6,374
    05530H100 BBA AVIATION PLC UNS 3,860 4,898
    922042676 VANGUARD GLBL EX US 190,215 199,399
    713448108 PEPSICO INC 14,757 20,450
    06738C778 IPATH DOW JONES UBS 113,135 93,965
    466032109 J & J SNACK FOODS CO 12,602 33,451
    901476101 TWIN DISC INC 8,045 5,419
    199333105 COLUMBUS MCKINNON CO    
    949746101 WELLS FARGO CO 7,057 10,263
    303075105 FACTSET RESEARCH SYS 5,729 15,529
    422806208 H E I C O CORPORATIO 4,174 26,453
    55306N104 M K S INSTRUMENTS IN 4,074 10,982
    526107107 LENNOX INTERNATIONAL 6,644 17,954
    125919308 CPI AEROSTRUCTURES I 2,326 1,696
    344849104 FOOT LOCKER INC 8,266 5,256
    00287Y109 ABBVIE INC 3,511 6,928
    57060D108 MARKETAXESS HLDGS IN 5,765 26,963
    75524B104 RBC BEARINGS INC 15,570 33,351
    553498106 MSA SAFETY INC    
    803866300 SASOL LTD SPONSORED 6,438 3,664
    358029106 FRESENIUS MED AKTIEN 33,727 30,007
    12637N204 CSL LIMITED A D R 5,065 19,817
    92932M101 WNS HOLDINGS LTD ADR 12,615 30,313
    404280406 HSBC HOLDINGS PLC SP 21,157 21,044
    900148701 TURKIYE GARANTI BANK    
    48268K101 KT CORP SP A D R 31,186 25,783
    12709P103 CABOT MICROELECTRONI 5,079 10,340
    420261109 HAWKINS INC 4,580 5,153
    128030202 CAL MAINE FOODS INC 2,033 3,937
    600551204 MILLER INDUSTRIES IN 3,181 4,902
    82669G104 SIGNATURE BK 6,645 9,814
    35138V102 FOX FACTORY HOLDING 13,822 59,419
    609839105 MONOLITHIC POWER SYS 11,557 18,224
    835699307 SONY CORP A D R 6,633 11,543
    771195104 ROCHE HOLDINGS LTD S 45,099 58,746
    654624105 NIPPON TELEGRAPH TEL 18,480 19,083
    904767704 UNILEVER PLC SPSD AD 7,383 12,926
    16941M109 CHINA MOBILE LIMITED 16,008 11,630
    500472303 KONINKLIJKE PHILIPS 1,312 1,778
    90460M204 UNI CHARM CORPORATIO 20,281 30,095
    384556106 GRAHAM CORP 5,522 4,590
    596278101 MIDDLEBY CORP COM 8,227 11,691
    882681109 TEXAS ROADHOUSE INC 6,277 12,869
    881624209 TEVA PHARMACEUTICAL 1,800 365
    803054204 SAP SE SPONSORED A D 15,737 26,574
    138006309 CANON INC SPONS A D 44,595 37,940
    23636T100 DANONE SPONS A D R 11,826 14,568
    037833100 APPLE INC 26,558 64,551
    053611109 AVERY DENNISON CORP 10,845 14,933
    056525108 BADGER METER INC 1,075 2,407
    072730302 BAYER AG A D R 23,830 14,542
    003021714 ABERDEEN FDS EMRGN    
    038336103 APTAR GROUP INC 5,585 10,529
    002567105 ABAXIS INC    
    000360206 AAON INC 3,060 14,529
    002535300 AARONS INC    
    009126202 AIR LIQUIDE S A A D 12,553 18,565
    031001100 AMES NATL CORP 2,668 2,267
    89151E109 TOTAL SA SPON A D R 9,777 9,986
    018805101 ALLIANZ SE A D R 7,279 17,141
    049255706 ATLAS COPCO AB SPONS 4,877 6,769
    072743305 BAYERISCHE MOTOREN S 10,168 7,130
    006754204 ADECCO SA A D R 8,132 8,302
    032037103 AMPCO-PITTSBURG CORP 4,065 970
    084670702 BERKSHIRE HATHAWAY I 10,709 26,295
    71646E100 PETRO CHINA COMPANY 3,720 2,600
    05545E209 B H P BILLITON PLC S 6,827 9,834
    001317205 AIA GROUP LTD ADR 26,281 48,892
    056752108 BAIDU COM INC A D R 17,564 14,298
    045327103 ASPEN TECHNOLOGY INC 5,953 18,594
    009279100 AIRBUS GROUP NV A D    
    046224101 ASTEC INDUSTRIES INC 1,957 1,831
    037598109 APOGEE ENTERPRISES I    
    015393101 ALFA LAVAL AB SWEDEN 4,307 4,807
    057755209 BALDWIN LYONS INC CL    
    28176E108 EDWARDS LIFESCIENCES 11,892 26,819
    066849100 BAR HBR BANKSHARES 2,040 2,463
    000375204 ABB LTD A D R 3,323 3,102
    631512209 NASPERS LTD N SPON A 11,366 18,949
    075887109 BECTON DICKINSON AND 6,257 8,595
    922908710 VANGUARD 500 INDEX A 720,021 825,014
    930004304 WACOAL HOLDINGS CORP 1,625 1,953
    09857L108 BOOKING HOLDINGS INC 7,591 18,866
    294600101 EQUITRANS MIDSTREAM 780 398
    50050N103 KONTOOR BRANDS INC W 325 645
    22304C100 COVETRUS INC NPV 1,553 1,231
    H01301128 ALCON INC 2,697 2,703
    42328H109 HELIOS TECHNOLOGIES 3,270 5,213
    759530108 RELX PLC SPON A D R 14,319 21,333
    G5494J103 LINDE PLC 14,711 17,215
    779572106 T ROWE PRICE SMALL C 297,859 280,797
    76118Y104 RESIDEO TECHNOLOGIES 309 358
    74368L203 PROTECTIVE INSURANCE 2,762 1,771
    366505105 GARRETT MOTION INC 111 156
    62548D100 MULTICHOICE GROUP LT 508 716
    70014A104 PARK AEROSPACE CORP 4,299 4,584
    779556109 ROWE T PRICE MID-CAP 297,859 296,996

    TY 2018 InvestmentsOtherSchedule2
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    87245P668 TIAA CREF INFLATION AT COST 202,190 203,570

    TY 2018 OtherExpensesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MACPHERSON DESIGN 1,320 0   1,320
    SPIRE TECHNOLOGIES, INC. 4,140 0   4,140
    CHARITABLE FILING FEE 1,009 0   1,009
    ADR FEES 1,675 1,675   0


    TY 2018 OtherIncomeSchedule2
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 1,512 0  
    RETURN OF PRIOR YEAR GRANTS 17,179 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Description Amount
    NUVEEN EARN-OUT PAYMENT 46
    PY SALE SETTLED IN THE CY 17,143
    COST BASIS ADJUSTMENT 158


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 1,783 1,783    


    TY 2018 TaxesSchedule
    Name:
    DALE KRUEGER SCHOLARSHIP
    EIN:
    93-6331222
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 6,190 6,190   0
    FOREIGN TAXES ON NONQUALIFIED 544 544   0