2015-05-13T11:13:19-05:00 2014-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990PF 2014-01-01 911644205 RAYNIER INSTITUTE & FOUNDATION RAYN 8008391754 501 SILVERSIDE ROAD NO 123 WILMINGTON DE 198091377 EDWARD GARDNER PRESIDENT 8008391754 2015-05-11 1 JENNIFER BECKER HARRIS P00183358 4254544919 2015-05-07 2014 2016-03-07 17:11:31Z X 92231408 X X 1743 1743 1704924 1704924 2341880 20818159 2301520 20913 913 4069460 4009100 26400 1320 25080 2058 103 1955 735 0 735 16200 3240 12960 354255 351805 2450 8512 8512 0 6978 0 6978 66817 3209 63608 481955 368189 113766 4370000 4370000 4851955 368189 4483766 -782495 3640911 3644192 4255292 4255292 4829 2607 4829 4829 12164050 11793631 11852004 47994911 45428204 62530740 10345528 9886837 11791733 0 2000000 1796810 74151288 73368793 92231408 0 0 X 74151288 73368793 74151288 73368793 74151288 73368793 74151288 -782495 0 73368793 0 73368793 PUBLICLY TRADED SECURITIES 19301820 16768029 2533791 2533791 PUBLICLY TRADED SECURITIES 1311086 1702875 -391789 -391789 CAPITAL GAIN DISTRIBUTIONS P 205253 205253 205253 FIXED ASSET WRITE OFF P 45735 -45735 -45735 2301520 0 3865144 85868578 0.045012 3042295 78721840 0.038646 2864391 77593221 0.036915 2940670 73019759 0.040272 3464832 67026892 0.051693 0.212538 0.042508 90929065 3865213 36409 3901622 4483766 X 36409 0 36409 0 36409 52206 52206 X 15797 15797 0 0 0 0 0 0 0 0 0 0 0 1 1 WA CO 1 0 0 0 0 1 WWW.RAYNIER.ORG FOUNDATION SOURCE 8008391754 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 1 CJ 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EDWARD GARDNER 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 PRESIDENT/DIRECTOR 1.00 0 0 0 MICHAEL VALUCCI 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 VICE PRESIDENT/DIRECTOR 1.00 0 0 0 BRADFORD TRENARY 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 SECRETARY/DIRECTOR 1.00 0 0 0 ROBERT WRATH 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 TREASURER/DIRECTOR 1.00 0 0 0 JEFF HAUSER 501 SILVERSIDE ROAD SUITE 123 WILMINGTON DE 19809 EXECUTIVE DIRECTOR 1.00 26400 2058 0 NONE 0 PNC BANK 1600 MARKET STREET PHILADELPHIA PA 19103 INVESTMENT MANAGEMENT 351805 0 NONE 0 0 86767127 4621165 925480 92313772 0 0 92313772 1384707 90929065 4546453 4546453 36409 36409 4510044 20000 4530044 0 4530044 4483766 0 4483766 36409 4447357 4530044 4048252 0 0 4483766 4048252 0 0 435514 0 0 0 0 0 0 0 0 4094530 0 0 0 X ACADEMY OF NATURAL SCIENCES 1900 BENJAMIN FRANKLIN PKWY PHILADELPHIA PA 19103 N/A PC: 509(A)(2) GENERAL & UNRESTRICTED 200000 ALBERTON COMMUNITY FOUNDATION PO BOX 25 ALBERTON MT 59820 N/A PC: 509(A)(1) PEAK FOUNDATION OTHER ORGANIZATION 8000 AMERICAN HEART ASSOCIATION INC - GREATER DES MOINES 1111 9TH ST STE 280 DES MOINES IA 50314 N/A PC: 509(A)(1) CHARITABLE EVENT 5500 ARC DANCE PRODUCTIONS PO BOX 9997 SEATTLE WA 98109 N/A PC: 509(A)(2) ARC SCHOOL OF BALLET DIVISION 1000 CENTRAL LUTHERAN CHURCH 1710 11TH AVE SEATTLE WA 98102 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 20000 CHILDREN'S MUSIC FOUNDATION INC 608 STATE ST S STE 100 KIRKLAND WA 98033 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 CHRIST CHURCH 20 N AMERICAN ST PHILADELPHIA PA 19106 N/A PC: 509(A)(1) GENERAL OPERATING FUND 10000 CLASSICAL 981 10 HARRISON ST SEATTLE WA 98109 N/A PC: 509(A)(1) KING FM DIVISION 10000 COMMITTEE FOR CHILDREN 2815 2ND AVE STE 400 SEATTLE WA 98121 N/A PC: 509(A)(1) SUPPORT THE DISSEMINATION AND EVALUATION OF THE CHILD SEXUAL ABUSE PROGRAM IN SCHOOLS ACROSS WASHINGTON STATE, LEVERAGE FURTHER FUNDING FOR THE NATIONAL PUBLIC AWARENESS CAMPAIGN 250000 COMMITTEE FOR CHILDREN 2815 2ND AVE STE 400 SEATTLE WA 98121 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 20000 COPWHEELS INC 1818 MARKET ST PHILADELPHIA PA 19103 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 CYSTIC FIBROSIS FOUNDATION 2004 SPROUL RD STE 208 BROOMALL PA 19008 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 DRUMMING FOR YOUR LIFE INSTITUTE 8141 E 2ND ST DOWNEY CA 90241 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 75000 EXPERIENCE LEARNING COMMUNITY 120 6TH AVE N STE 100 SEATTLE WA 98109 N/A PC: 509(A)(2) NO WASTED NOTES PROJECT 50000 FUR TRADE RESEARCH CENTER PO BOX 1228 QUINCY CA 95971 N/A PC: 509(A)(1) CHARITABLE EVENT 5000 GAGE ACADEMY OF ART 1501 10TH AVE E SEATTLE WA 98102 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 GERMANTOWN FRIENDS SCHOOL 31 W COULTER ST PHILADELPHIA PA 19144 N/A PC: 509(A)(1) GENERAL OPERATING FUND 8000 GLBT BAR ASSOCIATION OF WASHINGTON FOUNDATION PO BOX 1991 SEATTLE WA 98111 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 HANDMAIDS OF THE SACRED HEART OF JESUS 2025 CHURCH RD WYNCOTE PA 19095 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 25000 HIMALAYAN CATARACT PROJECT INC PO BOX 55 WATERBURY VT 05676 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 INTIMAN THEATRE 201 MERCER ST SEATTLE WA 98109 N/A PC: 509(A)(2) TO SUPPORT THE 2014 PRODUCTION OF ANGELS IN AMERICAN, PARTS 1 & 2 AND THE CORE PARTNER INITIATIVE DIVISION 500000 JEWISH FAMILY SERVICE OF WESTERN MASSACHUSETTS INC 15 LENOX ST SPRINGFIELD MA 01108 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 JEWISH FEDERATION OF ATLANTIC AND CAPE MAY COUNTIES 501 N JEROME AVE MARGATE NJ 08402 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 LASALLE COLLEGE HIGH SCHOOL 8605 CHELTENHAM AVE GLENSIDE PA 19038 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 LEUKEMIA & LYMPHOMA SOCIETY INC-EASTERN PENNSYLVANIA CHAPTER 2 INTERNATIONAL PLZ STE 310 PHILADELPHIA PA 19113 N/A PC: 509(A)(1) LIGHT THE NIGHT FUNDRAISER PROGRAM 12000 LIFETIME ADVOCACY PLUS 444 NE RAVENNA BLVD STE 303 SEATTLE WA 98115 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 MARKS COLORECTAL SURGICAL FOUNDATION 100 LANCASTER AVE WYNNEWOOD PA 19096 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 MOUNTAINFILM LTD 01-01-94 PO BOX 1088 TELLURIDE CO 81435 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 NALANDABODHI 3902 WOODLAND PARK AVE N SEATTLE WA 98103 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 15000 NEWTRAX INCORPORATED 3210 LABORE RD STE 100 VADNAIS HEIGHTS MN 55110 N/A PC: 509(A)(2) GENERAL & UNRESTRICTED 20000 PENNSYLVANIA SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS 350 E ERIE AVE PHILADELPHIA PA 19134 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 4500 PHFFFT COMPANY INC 5609 34TH AVE SW SEATTLE WA 98126 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 PHILADELPHIA INDEPENDENT MISSION SCHOOLS 555 CROTON RD STE 310 KNG OF PRUSSA PA 19406 N/A PC: 509(A)(1) THE DEPAUL CATHOLIC SCHOOL DIVISION 10000 PHILADELPHIA ORCHESTRA ASSOCIATION 1 S BROAD ST 14TH FL PHILADELPHIA PA 19107 N/A PC: 509(A)(2) GENERAL & UNRESTRICTED 300000 PROJECT HOME 2101 BRANDYWINE ST STE 100 PHILADELPHIA PA 19130 N/A PC: 509(A)(1) $1M TOWARDS THE DEVELOPMENT OF THE STEPHEN KLEIN WELLNESS CENTER (SKWC); $100,000 TO SUPPORT 810 ARCH STREET, A BUILDING WHICH WILL PROVIDE AFFORDABLE UNITS TO HOMELESS INDIVIDUALS AND LOW-INCOME RESIDENTS OF THE CHINATOWN NEIGHBORHOOD; $100,000 SUPPORT INDIVIDUALS LIVING AT 810 ARCH STREET AS THEY WORK TOWARDS STABILIZING THEIR LIVES AND ACHIEVING THEIR FULL POTENTIAL. 1200000 PROJECT HOME 2101 BRANDYWINE ST STE 100 PHILADELPHIA PA 19130 N/A PC: 509(A)(1) TO FUND EMPLOYMENT SERVICES AND ADULT LEARNING AND WORKFORCE DEVELOPMENT INITIATIVES 125000 PROJECT HOME 2101 BRANDYWINE ST STE 100 PHILADELPHIA PA 19130 N/A PC: 509(A)(1) IN SUPPORT OF A PLATINUM SPONSORSHIP IN HONOR OF PROJECT HOME'S 25TH ANNIVERSARY 50000 RAINBOW SCHOOL AND DAY CARE CENTER INC PO BOX 1127 TELLURIDE CO 81435 N/A PC: 509(A)(1) TELLURIDE AVALANCHE DOGS' SKIER SAFETY PSA 4000 SAINT GENEVIEVE SCHOOL 1237 BETHLEHEM PIKE FLOURTOWN PA 19031 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 SAINT PAULS CHURCH AT CHESTNUT HILL 22 E CHESTNUT HILL AVE PHILADELPHIA PA 19118 N/A PC: 509(A)(1) GENERAL OPERATING FUND 7500 SEATTLE CHINESE GARDEN SOCIETY 6000 16TH AVE SW SEATTLE WA 98106 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 1000 SEATTLE MENNONITE CHURCH 3120 NE 125TH ST SEATTLE WA 98125 N/A PC: 509(A)(1) GOD'S LITTLE ACRE FUND 5000 SEATTLE MENNONITE CHURCH 3120 NE 125TH ST SEATTLE WA 98125 N/A PC: 509(A)(1) TENANT IMPROVEMENTS FOR GOD'S LI'L ACRE DROP-IN CENTER FUND 100000 SEATTLE WHEELCHAIR RUGBY 18 W MERCER ST STE 400 SEATTLE WA 98119 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 SHALOM ZONE NONPROFIT ASSOCIATION 1415 NE 43RD ST SEATTLE WA 98105 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 125000 SHALOM ZONE NONPROFIT ASSOCIATION 1415 NE 43RD ST SEATTLE WA 98105 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 150000 ST BRIDGET CHURCH 4900 NE 50TH ST SEATTLE WA 98105 N/A PC: 509(A)(1) NAMITEMBO FUND 5000 TELLURIDE SOCIETY FOR JAZZ PO BOX 2132 TELLURIDE CO 81435 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 6000 THE EXUMA FOUNDATION 5885 LANDERBROOK DR STE 300 MAYFIELD HEIGHTS OH 44124 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 TIETON ARTS AND HUMANITIES PO BOX 171 TIETON WA 98947 N/A PC: 509(A)(2) GENERAL & UNRESTRICTED 10000 TOWN HALL ASSOCIATION 1119 8TH AVE SEATTLE WA 98101 N/A PC: 509(A)(1) CAMPAIGN FOR THE RESTORATION OF TOWN HALL 2014-17 WITH NAMING RECOGNITION: TOWN HALL WILL HONOR FOUNDING DONOR JAMES W. RAY WITH A PERMANENT NAMED SPACE IN THE HISTORIC BUILDING'S NORTH GALLERY. WE PROPOSE NAMING THE SPACE THE "JAMES W. RAY GALLERY". 500000 TRUSTEES OF THE LAWRENCEVILLE SCHOOL PO BOX 6125 LAWRENCEVILLE NJ 08648 N/A PC: 509(A)(1) GENERAL OPERATING FUND 8000 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA - SCHOOL OF MEDICINE 3535 MARKET ST STE 750 PHILADELPHIA PA 19104 N/A PC: 509(A)(1) MORRIS CHESTON FUND AT PENN HOSPITAL 10000 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 100 E NORTHWESTERN AVE PHILADELPHIA PA 19118 N/A PC: 509(A)(1) IN SUPPORT OF THE MORRIS ARBORETUM OTHER 10000 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA THE PENN FUND 601 FRANKLIN BLDG 3451 WALNUT ST PHILADELPHIA PA 19104 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 UNION FOR REFORM JUDAISM 633 3RD AVE FL 7 NEW YORK NY 10017 N/A PC: 509(A)(1) CAMP KALSMAN PROGRAM 5000 UNITED STATES SQUASH RACQUETS ASSOCIATION INC 555 8TH AVE RM 1102 NEW YORK NY 10018 N/A PC: 509(A)(2) GENERAL OPERATING FUND 7000 URBAN LEAGUE OF PHILADELPHIA 121 S BROAD ST FL 9 PHILADELPHIA PA 19107 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 VISITING NURSE ASSOCIATION OF SOMERSET HILLS 200 MOUNT AIRY RD BASKING RIDGE NJ 07920 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 5000 WEST LUTHERAN HIGH SCHOOL 3350 HARBOR LN N PLYMOUTH MN 55447 N/A PC: 509(A)(1) GENERAL OPERATING FUND 7500 WHIM WHIM PO BOX 70285 SEATTLE WA 98127 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 15000 WOODMERE ART MUSEUM INC 9201 GERMANTOWN AVE PHILADELPHIA PA 19118 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 10000 YOUTHCARE 2500 NE 54TH ST SEATTLE WA 98105 N/A PC: 509(A)(1) GENERAL & UNRESTRICTED 320000 4370000 0 14 1743 14 1704924 18 2341880 RETURNED GRANT 20000 FOREIGN TAX REFUND 01 913 0 4049460 20000 4069460 11A RETURNED GRANT 0 0 0 0 0 0 0 0 0 0 ACCOUNTING 16200 3240 12960 FORM 990-PF, PART VII-B, LINE 1A(3) & (4) RAYNIER INSTITUTE AND FOUNDATION PAID JEFF HAUSER, A FOUNDATION MANAGER, REASONABLE COMPENSATION AND BENEFITS FOR GRANT-MAKING AND ADMINISTRATIVE SERVICES PROVIDED TO THE FOUNDATION. THESE SERVICES ARE NECESSARY IN CARRYING OUT THE EXEMPT PURPOSE OF THE FOUNDATION, AND COMPENSATION IS REASONABLE BASED ON COMPARATIVE SALARIES. AS SUCH, THE COMPENSATION IS NOT CONSIDERED AN ACT OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(E).RAYNIER INSTITUTE AND FOUNDATION REIMBURSED MEETING EXPENSES OF JEFF HAUSER, A FOUNDATION MANAGER, BRADFORD TRENARY, SECRETARY, ROBERT WARTH, TREASURER, EDWARD GARDNER, PRESIDENT, AND MICHAEL VALUCCI, VICE PRESIDENT. THE AMOUNTS REIMBURSED WERE SUBSTANTIATED AND REASONABLE. AS SUCH, THE REIMBURSEMENTS ARE NOT CONSIDERED ACTS OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(E). 65000 SHS ABBEY NATL TREASURY SERV - 4.000% - 04/27/2016 0 0 30000 SHS ADVANCE AUTO PARTS INC - 5.750% - 05/01/2020 0 0 100000 SHS AMERICA MOVIL SAB DE CV 5.000% - 03/30/2020 0 0 70000 SHS AMERICAN CAMPUS CMNTYS OPER - 3.750% - 04/15/2023 69745 69879 90000 SHS AMERICAN EXPRESS - 00.7366% - 07/29/2016 90159 90337 40000 SHS AMPHENOL CORP 4.75% 11/15/14 0 0 55000 SHS AON CORP - 3.50% - 09/30/2015 55155 56089 85000 SHS AT&T INC NOTE - 4.450% - 05/15/2021 0 0 55000 SHS AUTODESK INC SR NT 1.950% 12/15/2017 0 0 30000 SHS BANK AMER CORP FR - 3.30000% - 01/11/2023 29815 30002 55000 SHS BANK AMER FDG CORP SRNT-L 5.62500% 07/01/2020 61954 62622 120000 SHS BANK NEW YORK - 3.550% - 09/23/2021 0 0 100000 SHS BANK OF MONTREAL - 00.00% - 09/11/2015 100000 100279 50000 SHS BNP PARIBAS - 1.250% - 12/12/2016 49949 49968 55000 SHS BOARDWALK PIPELINES - 3.375% - 02/01/2023 54985 50103 60000 SHS BORGWARNER INC - 4.625% - 09/15/2020 64952 65671 80000 SHS CAPITAL ONE FINL CORP - 6.150% - 09/01/2016 90936 85964 100000 SHS CITIBANK CCIT SER A3 2013 00.910-% 07/23/2018 99980 100273 95000 SHS CITIGROUP INC - 4.875% - 05/07/2015 84765 81062 80000 SHS COCA COLA CO - 0.3419% - 11/01/2016 80101 80028 85000 SHS CONTINENTAL RES - 5.00% - 09/15/2022 88291 82238 65000 SHS CREDIT SUISSE MTN 05.40000% 01/14/2020 0 0 55000 SHS CRH AMERICA INC - 4.125% - 01/15/2016M 55488 56599 55000 SHS DARDEN RESTAURANTS INC - 3.350% - 11/01/2022 0 0 45000 SHS DEVON ENERGY CORP - 0.00% - 12/15/2015 45000 45020 70000 SHS DIGITAL RLTY TR LP GTD - 5.875% - 02/01/2020 81924 78294 125000 SHS DIRECTV HLDGS FING - 4.60% - 02/15/2021 128549 133891 55000 SHS EQT CORP - 8.125% - 06/01/2019 0 0 115000 SHS EXELON GENERATION COLLC - 4.000% - 10/01/2020 106856 119992 35000 SHS FIFTH THIRD BAN CORP - 4.30% - 01/16/2024 0 0 95000 SHS FREEPORT-MCMORAN NT - 3.550% - 03/01/2022 93761 89786 105000 SHS GE CAP CCMT SER 2012-2 CL A - 2.220% - 01/15/2022 104962 104921 80000 SHS GE CAP CORP - 5.50% - 01/08/2020 0 0 55000 SHS GOLDCORP - 2.125% - 03/15/2018 0 0 2000000 SHS GOLDMAN SACHS GROUP INC INDEX LINKED - 00.000% - 01/19/2016 2000000 3084900 1000000 SHS GOLDMANSACHS EEM NOTE 20% BUFF 155% CAP 120% PARTI 0 0 70000 SHS HASBRO INC - 6.30% - 09/15/2017 76977 77480 55000 SHS HEALTH CARE REIT INCNOTE - 4.950% - 01/15/2021 0 0 50000 SHS HEWLETT PACKARD CO NOTE - 4.375% 09/15/2021 50756 52424 30000 SHS HONDA AUTO SER 2013-3 CL A3 00.770% 05/15/2017 29995 30026 40000 SHS HSBC HLDGS PLC NOTE - 5.100% - 04/05/2021 43574 45139 2000000 SHS HSBC USA INC - 0.00% - 08/21/2018 2000000 2796000 120000 SHS HYUNDAI AUTO TR SER 2013-B CL A-3 0.7100% 09/15/2017 119977 120078 45000 SHS INTL PAPER CO NOTE 07.5% 08/15/2021 0 0 20000 SHS JOHN DEERE CAPITAL CORP BOND 0.3744% 06/15/2015 0 0 90000 SHS JOHNSON & JOHNSON NT FLT - 0.37617% - 05/15/2014 0 0 50000 SHS JP MORGAN CHASE - 6.125% - 06/27/2017 54962 55172 40000 SHS JPMORGAN CHASE & CO - 03.375% - 05/01/2023 38520 39572 25000 SHS JPMORGAN CHASE & CO NT - 4.625% - 05/10/2021 28155 27515 65000 SHS KLA INSTRUMENTS CORP - 6.90% - 05/01/2018 0 0 40000 SHS LIFE TECHNOLOGIES CORP 05.00% 01/15/2021 0 0 15000 SHS LIFE TECHNOLOGIES CORP NOTE 06.00% 03/01/2020 0 0 55000 SHS MORGAN STANLEY FR - 4.875% - 11/01/2022 56569 58414 55000 SHS MORGAN STANLEY SR NT-F - 4.750% - 03/22/2017 54877 58585 60000 SHS NEWMONT MINING CORP NT - 3.500% - 03/15/2022 0 0 45000 SHS NEXEN INC - 6.200% - 07/30/2019 52508 51862 55000 SHS NISSAN AUTO LEASE 2013-A CL A-3 0.610% 04/15/2016 2013-A A 55000 54979 20000 SHS NORTHEAST UTILITIES - 1.450% - 05/01/2018 19987 19696 30000 SHS PACCAR FINL CORP - 0.00% - 12/06/2018 30000 30173 45000 SHS PEPSICO INC - 2.750% - 03/05/2022 0 0 55000 SHS PETROBRAS GLOBAL FIN B.V. - 3.00% - 01/15/2019 0 0 40000 SHS PETROLEOS MEXICANOS GTD - 6.0% - 03/05/2020 44325 44900 55000 SHS PHILIPS ELECTRONICS NV - 3.750% - 03/15/2022 0 0 45000 SHS PPL CAP FDG INC - 3.500% - 12/01/2022 45956 45577 25000 SHS PROLOGIS INC - 6.875% - 03/15/2020 0 0 45000 SHS PROLOGIS LP BOND 04.250% 08/15/2023 0 0 55000 SHS QUEST DIAGNOSTICS INC - 1.223% - 03/24/2014 0 0 55000 SHS RABOBANK NEDERLAND MTN - 3.375% - 01/19/2017 0 0 55000 SHS REALTY INCOME CORP - 5.75% - 01/15/2021 0 0 60000 SHS REINSURANCE GRP AMER INC - 6.45% - 11/15/2019 63227 69470 50000 SHS REPUBLIC SERVICES INC -3.800% - 05/15/2018 49985 52901 70000 SHS ROYAL BANK OF CANADA - 01.200% - 09/19/2017 69993 69600 65000 SHS ROYAL BK OF CANADA MTN - 1.150% - 03/13/2015 64979 65097 80000 SHS RYDER SYS MTN BE NT - 3.150% - 03/02/2015 80728 80304 55000 SHS SAFEWAY INC BOND 03.950% 08/15/2020 0 0 60000 SHS TARGET CORP NT FLT - 0.000% - 07/18/2014 0 0 25000 SHS TELEFONICA EMISIONESSAU - 3.992% - 02/16/2016 0 0 55000 SHS US BANCORP - 2.95% - 07/15/2022 51467 54217 80000 SHS VERIZON COMMUNICATIONS - 4.600% - 04/01/2021 0 0 70000 SHS VIACOM INC BOND - 3.25% - 03/15/2023 64840 67602 90000 SHS VOLKSWAGEN AUTO SER 2013-A CL A3 0.840% 07/20/2016 89988 90152 10430.15 SHS WACHOVIA BANK 2007 C31 A2 - 5.421% - 04/15/2047 7807 10423 215000 SHS WACHOVIA BNK 2006-C28 A3 - 5.679% - 10/15/2048 0 0 55000 SHS WEATHERFORD INTL LTD - 5.125% - 09/15/2020 0 0 40000 SHS WELLS FARGO - 5.625% - 12/11/2017 0 0 20000 SHS WELLS FARGO CO MTN BE - 3.45% - 02/13/2023 19988 20270 85000 SHS WILLIAMS PARTNERS L P - 5.25% - 03/15/2020 97089 92270 50000 SHS XEROX CORP SR NT - 6.400% - 03/15/2016 0 0 55000 SHS ABBEY NATL TREAS SVCS PLC - 2.3500% - 09/10/2019 54778 54815 25000 SHS AMERICAN CAMPUS - 04.125% - 07/01/2024 24965 25252 45000 SHS AMERICAN EXPRESS - 3.625% - 12/05/2024 45099 45375 100000 SHS AMERICAN EXPRESS SER 2014-3 CL A - 1.4900% - 04/15/2020 99996 100091 45000 SHS AMERICAN HONDA FIN CORP MTN - 2.250% - 08/15/2019 44917 45145 60000 SHS APPLE INC NOTE - 2.400% - 05/03/2023 56565 58183 80000 SHS AT&T INC BD - 5.500% - 02/01/2018 88692 88311 20000 SHS BANK AMER CORP FR - 4.200% - 08/26/2024 19985 20374 15000 SHS BANK OF AMERICA - 04.00% - 04/01/2024 14944 15618 50000 SHS BOSTON PROPERTIES - 5.625% - 11/15/2020 56763 57048 90000 SHS BP CAPITAL MARKETS PLC - 3.245% - 05/06/2022 90064 88474 95000 SHS CAPITAL ONE - 1.48% - 07/15/2020 94975 95059 55000 SHS CATERPILLAR INC - 3.40% - 05/15/2024 54991 56526 50000 SHS CITIGROUP INC SR NT - 6.125% - 11/21/2017 57298 55754 55000 SHS CONOCOPHILLIPS BOND - 02.875% - 11/15/2021 55288 55548 75000 SHS DEERE JOHN - 0.000% - 02/25/2016 75000 75023 40000 SHS DEUTSCHE BK - 1.400% - 02/13/2017 40083 39917 15000 SHS DIGITAL RLTY TR LP - 5.25% - 03/15/2021 16205 16428 80000 SHS EQT CORP - 4.875% - 11/15/2021 87136 86425 105000 SHS EXXON MOBIL CORP BOND 0.0% 03/15/2017 105000 104925 107846.24 SHS FNMA POOL #AT2016 - 03.00% - 04/01/2043 108234 109280 45000 SHS GENERAL ELEC CAP CORP MTN BE - 3.150% - 09/07/2022FR 45216 45833 65000 SHS GILEAD SCIENCES INC 3.7% - 04/01/2024 65238 68174 55000 SHS GOLDMAN SACHS - 03.85% - 07/08/2024 54927 56408 45000 SHS GOLDMAN SACHS GROUP INC - 5.375% - 03/15/2020 50377 50432 35000 SHS HONDA AUTO 0.88% - 07/15/2017 34993 34883 55000 SHS JOHN DEERE OWNER TR SER 2014-B CL A-3 - 1.070% - 11/15/2018 54988 54784 50000 SHS KINDER MORGAN ENER PART NOTE - 05.80% - 03/01/2021 55635 55369 80000 SHS KINDER MORGAN ENERGY - 4.150% - 03/01/2022 81343 80618 90000 SHS KLA-TENCOR CORP SR GLBL NT - 4.125% - 11/01/2021 90759 92190 55000 SHS MCKESSON CORP-0.63510-09/10/2015 55000 55017 50000 SHS METLIFE INC - 4.368% - 09/15/2023 53720 54520 60000 SHS NISSAN AUTO SER 2014-B CL A3 - 01.11% - 05/15/2019 59998 60000 40000 SHS PETROBRAS INTL FIN - 5.375% - 01/27/2021 39977 37063 65000 SHS REALTY INCOME CORP NOTE 03.25% 10/15/2022 63368 64079 70000 SHS ROWAN COMPANIES INC - 4.875% - 06/01/2022 73185 68116 65000 SHS TELEFONICA EMISIONES S A U - 5.134% - 04/27/2020 69911 71956 55000 SHS TIME WARNER INC - 3.40% - 06/15/2022 55607 55600 60000 SHS TORONTO-DOMINION BANK - 02.125% - 07/02/2019 59926 59719 55000 SHS TYSON FOODS INC SR NT - 3.950% - 08/15/2024 55478 56855 70000 SHS UNIONBANCAL CORP - 3.50% - 06/18/2022 71421 72090 125000 SHS VERIZON COMMUNICATIONS INC - 5.150% - 09/15/2023 138735 138029 25000 SHS VIACOM INC NOTE 04.250% 09/01/2023 25940 25778 40000 SHS WELLS FARGO - 4.125% - 08/15/2023 40918 41983 30000 SHS WELLS FARGO CO - 4.10% - 06/03/2026 29969 30662 40000 SHS WELLS FARGO CO MTN BE - 3.300% - 09/09/2024 39892 40250 30000 SHS XILINX INC CORP-03.00%-03/15/2021 29782 29938 1525 3M CO (MMM) 139139 250588 6180 ABB LTD. (ABB) 0 0 1200 ABBOTT LABS (ABT) 42559 54024 4250 ADECCO S.A. UNSP/ADR (AHEXY) 0 0 3100 ALTERA CORPORATION (ALTR) 0 0 1200 AMERICAN EXPRESS CO (AXP) 69457 111648 800 ANADARKO PETROLEUM CORP (APC) 63325 66000 4500 AON PLC (AON) 0 0 1300 APACHE CORPORATION (APA) 0 0 157454.688 ARTISAN SMALL CAP VALUE (ARTVX) 0 0 1494 ASML HOLDING NV NY REG SHS (ASML) 0 0 3800 ASSOCIATED BANC-CORP (ASB) 51651 70794 1200 BADGER METER, INC (BMI) 0 0 400 BAXTER INTERNATIONAL INC. (BAX) 0 0 1230 BAYER A G SPONSORED ADR (BAYRY) 0 0 2000 BEMIS INC. (BMS) 0 0 2900 BERKLEY W R CP (WRB) 115900 148654 3600 BERKSHIRE HATHAWAY INC. CLASS B (BRK-B) 0 0 800 BIO TECHNE CORPORATION (TECH) 56789 73920 54171.181 BLACKROCK GLOBAL ALLOC I (MALOX) 0 0 301507.538 BLACKROCK STRAT INC OPP - INS (BSIIX) 3000000 3048241 7940 BRIDGESTONE CORP UNSP ADR (BRDCY) 146770 138235 1400 C H ROBINSON WORLDWIDE INC. (CHRW) 81992 104846 2000 CHARLES SCHWAB CORP (SCHW) 0 0 750 CHEVRON CORP (CVX) 83690 84135 6200 COCA-COLA CO (KO) 241647 261764 4500 COMCAST CORP (CMCSK) 0 0 2200 CONSTELLATION BRANDS INC (STZ) 100005 215974 2500 CRAY INC (CRAY) 34029 86200 4498 CREDIT SUISSE GROUP ADR (CS) 125297 112810 13790 DAIWA SECURITIES GROUP (DSEEY) 0 0 1300 DELUXE CORPORATION (DLX) 40527 80925 1109 DIAGEO PLC ADS (DEO) 0 0 128386.842 DIAMOND HILL LONG SHORT FUND CLASS I (DHLSX) 0 0 3000 DISH NETWORK CORP (DISH) 0 0 87504.946 DODGE & COX FUNDS INTERNATIONAL STOCK FUND (DODFX) 3711454 3684833 2400 DONALDSON CO. INC. (DCI) 0 0 213742.544 DRIEHAUS ACTIVE INCOME FUND MUTUAL FUND (LCMAX) 2250000 2227197 196270.854 EATON VANCE GLOBAL MACRO FD CL I (EIGMX) 2000000 1827282 2800 ECOLAB INC (ECL) 0 0 1800 EMERSON ELECTRIC CO. (EMR) 93154 111114 800 EXXON MOBIL CORP (XOM) 0 0 1100 FASTENAL COMPANY (FAST) 0 0 2700 FIDELITY NATIONAL INFORMATION SERVICES INC (FIS) 0 0 800 FISERV INC (FISV) 40578 56776 1800 FULLER H B CO (FUL) 67483 80154 103400 GENERAL ELECTRIC CO (GE) 0 0 800 GENERAL MILLS INC (GIS) 0 0 750 GOLDMAN SACHS GROUP (GS) 84600 145373 200 GOOGLE INC CL C (GOOG) 0 0 4400 GROUPE DANONE ADS (DANOY) 66643 57288 1000 HONEYWELL INTERNATIONAL INC. (HON) 0 0 2380 HSBC HOLDINGS PLC (HSBC) 0 0 840 ICICI BK LTD ADS (IBN) 0 0 2700 INTEL CORP (INTC) 0 0 20000 ISHARES S&P NORTH AMERCIA NATURAL RESOURCE (IGE) 542672 766400 60000 ISHARES TRUST RUSSELL 1000 GROWTH INDEX FD (IWF) 3613354 5736600 1200 JOHNSON & JOHNSON (JNJ) 83788 125484 81366.965 LAZARD GLOBAL LISTEDINFRASTRUCTE INSTL (GLIFX) 1000000 1116355 4200 LIBERTY GLOBAL, INC. - SERIES C (LBTYK) 0 0 4500 LOEWS CORP (L) 0 0 9300 MAIRS & POWER GROWTH FUND, INC. 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(PX) 0 0 2300 PRINCIPAL FINANCIAL GROUP (PFG) 65821 119462 600 PROCTER GAMBLE CO (PG) 0 0 3100 QIAGEN NV (QGEN) 0 0 600 QUALCOMM INC (QCOM) 38026 44598 5810 REPSOL YPF S A SPND ADR (REPYY) 0 0 3040 ROCHE HOLDING LTD ADR (RHHBY) 0 0 2450 SABMILLER PLC S/ADR (SBMRY) 0 0 560 SAP AKTIENGESELL ADS (SAP) 0 0 1400 SCHLUMBERGER LTD (SLB) 101138 119574 1040 SHIRE PLC (SHPG) 0 0 500 SNAP ON INC. (SNA) 44634 68370 6120 SOCIETE GENERLE FRNCE ADR (SCGLY) 0 0 17500 SPDR S&P 500 ETF TRUST (SPY) 1270850 3596950 29300 SPDR S&P MIDCAP 400 EFT TRUST (MDY) 0 0 2300 ST. JUDE MED INC. (STJ) 0 0 1400 TARGET CORPORATION (TGT) 0 0 2490 TENCENT HOLDINGS LIMITED (TCEHY) 0 0 1400 THERMO FISHER SCIENTIFIC INC (TMO) 78177 175406 1140 TOYOTA MTR CORP (TM) 0 0 6500 TWENTY-FIRST CENTURY, FOX INC (COMMON CL A) (FOXA) 0 0 1100 UNITED PARCEL SERVICE (UPS) 85458 122287 3300 UNITEDHEALTH GROUP INC. 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CLASS B 275142 450450 56610.547 SHS BLACKROCK GLOBAL ALLOC I 1052300 1124852 2000 SHS CHARLES SCHWAB CORP 41900 60380 7250 SHS CITIGROUP INC 339733 392298 2700 SHS COMCAST CORP 94509 155439 17620 SHS DAIWA SECURITIES GROUP 151772 139550 599 SHS DIAGEO PLC ADS 48747 68340 128331.12 SHS DIAMOND HILL LONG SHORT FD CL Y 2000000 3112030 128386.84 SHS DIAMOND HILL LONG SHORT FUND CLASS I 0 0 2250 SHS DISCOVERY COMMUNICATIONS CL A 76137 77513 2600 SHS DISH NETWORK CORP 125486 189514 2800 SHS DONALDSON CO. INC. 100883 108164 1040 SHS EATON CORP PLC 79810 70678 3600 SHS ECOLAB INC 282931 376272 12500 SHS ENERGY SELECT SPDR 930329 989500 1200 SHS EXXON MOBIL CORP 110973 110940 1800 SHS FASTENAL COMPANY 82981 85608 2700 SHS FIDELITY NATIONAL INFORMATION SERVICES INC 0 0 1000 SHS GENERAC HOLDING INC 43998 46760 3400 SHS GENERAL ELECTRIC CO 74879 85918 1200 SHS GENERAL MILLS INC 51701 63996 200 SHS GOOGLE INC CL A 58091 106132 200 SHS GOOGLE INC CL C 58244 105280 600 SHS GRACO INC 44305 48108 5000 SHS HEALTHEQUITY INC 70000 127250 1200 SHS HONEYWELL INTERNATIONAL INC. 81317 119904 2380 SHS HSBC HOLDINGS PLC 0 0 6550 SHS ICICI BK LTD ADS 53786 75653 2400 SHS INTEL CORP 50912 87096 450 SHS INTERNATIONAL BUSINESS MACHINES 80106 72198 2000 SHS JP MORGAN CHASE & CO 117784 125160 8400 SHS LIBERTY GLOBAL, INC. - SERIES C 224490 405804 4500 SHS LOEWS COR 0 0 3600 SHS MAIRS & POWER GROWTH FUND, INC. 264204 418320 2000 SHS MDU RESOURCES GROUP 57348 47000 6700 SHS MORGAN STANLEY 106300 259960 1625 SHS NEWS CORP LTD CL A 0 0 3900 SHS NOBLE ENERGY INC. 181593 184977 24330 SHS NOMURA HOLDINGS ADR 162277 137951 2282 SHS NXP SEMICONDUCTORS 130195 174345 1840 SHS ORIX CORP ADS 133207 115055 1000 SHS PATTERSON COMPANIES INC COM 37159 48100 1300 SHS PENTAIR INC. COM 74650 86346 1400 SHS PRAXAIR INC. 154591 181384 1000 SHS PROCTER GAMBLE CO 74899 91090 4950 SHS QIAGEN NV 105348 116127 5810 SHS REPSOL YPF S A SPND ADR 0 0 7110 SHS ROCHE HOLDING LTD ADR 180675 241669 2330 SHS SABMILLER PLC S/ADR 81149 120135 1170 SHS SANDS CHINA LTD UNSP ADR 81092 57623 560 SHS SAP AKTIENGESELL ADS 0 0 780 SHS SHIRE PLC 82663 165781 12040 SHS SOCIETE GENERLE FRNCE ADR 143983 100173 22500 SHS SPDR S&P MIDCAP 400 EFT TRUST 2367693 5939325 2000 SHS ST. 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