﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-01T02:02:34-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>One Hollow Lane Suite 212</AddressLine1>
        <City>Lake Success</City>
        <State>NY</State>
        <ZIPCode>11042</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>202031200</EIN>
      <Name>
        <BusinessNameLine1>The Shadow Funders Inc</BusinessNameLine1>
      </Name>
      <NameControl>SHAD</NameControl>
      <Phone>8008391754</Phone>
      <USAddress>
        <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
        <City>Wilmington</City>
        <State>DE</State>
        <ZIPCode>198091377</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Michael E Haglund</Name>
      <Title>President</Title>
      <DateSigned>2013-05-01</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2013-05-01</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="990PF" softwareId="12000057" softwareVersion="12.13.328.3">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>816083</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>43</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>43</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>23169</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>23169</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:69">44526</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>669277</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>44526</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="990PF:71">9</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>9</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>67747</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>67747</TotalNetInvestmentIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId="990PF:74">10224</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>10224</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="990PF:75">571</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>471</TaxesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:76">8325</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>98</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>8227</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>19120</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>10793</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>8227</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>73400</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>73400</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>92520</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>10793</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>81627</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-24773</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>56954</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>22423</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>38886</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>38886</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>128295</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY>107834</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>110609</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>505591</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:86">514550</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>610906</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>80755</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="990PF:87">51021</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>55682</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>737064</TotalAssetsBOY>
        <TotalAssetsEOY>712291</TotalAssetsEOY>
        <TotalAssetsEOYFMV>816083</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>737064</RetainedEarningsBOY>
        <RetainedEarningsEOY>712291</RetainedEarningsEOY>
        <TotalNetAssetsBOY>737064</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>712291</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>737064</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>712291</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>737064</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-24773</ExcessOfRevenueOverExpenses>
        <Subtotal>712291</Subtotal>
        <TotalNetAssetsFundBalancesEOY>712291</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>669277</GrossSalesPrice>
          <CostOrOtherBasis>624751</CostOrOtherBasis>
          <GainOrLoss>44526</GainOrLoss>
          <GainsMinusExcessOrLosses>44526</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>44526</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>127417</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>860230</NoncharitableAssetsYear1>
        <DistributionRatioYear1>000.148120</DistributionRatioYear1>
        <QualifyingDistributionsYear2>36524</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>876206</NoncharitableAssetsYear2>
        <DistributionRatioYear2>000.041684</DistributionRatioYear2>
        <QualifyingDistributionsYear3>63645</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>788414</NoncharitableAssetsYear3>
        <DistributionRatioYear3>000.080725</DistributionRatioYear3>
        <QualifyingDistributionsYear4>25650</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>938298</NoncharitableAssetsYear4>
        <DistributionRatioYear4>000.027337</DistributionRatioYear4>
        <QualifyingDistributionsYear5>76940</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>1060832</NoncharitableAssetsYear5>
        <DistributionRatioYear5>000.072528</DistributionRatioYear5>
        <TotalDistributionRatio>000.370394</TotalDistributionRatio>
        <AverageDistributionRatio>000.074079</AverageDistributionRatio>
        <NetNoncharitableAssets>810498</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>60041</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>570</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>60611</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>81627</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>570</InvestmentIncomeExciseTax>
        <Subtotal>570</Subtotal>
        <TaxBasedOnInvestmentIncome>570</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>448</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>448</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>448</TaxPaidOriginalReturn>
        <Form2220Attached referenceDocumentId="2220">X</Form2220Attached>
        <TaxDue>122</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>co Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Christina E Haglund</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>VP / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Erick J Haglund</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>VP / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Melissa Haglund</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>VP / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Michael E Haglund</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>Pres / Dir / Sec</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Molly G Haglund</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>VP / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>791619</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>31222</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>822841</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>822841</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:177">12343</CashDeemedCharitable>
        <NetNoncharitableAssets>810498</NetNoncharitableAssets>
        <MinimumInvestmentReturn>40525</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>40525</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>570</TaxBasedOnInvestmentIncome>
        <TotalTax>570</TotalTax>
        <DistributableAmountBeforeAdj>39955</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>39955</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>39955</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:178">81627</ExpensesAndContributions>
        <QualifyingDistributions>81627</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>570</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>81057</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>39955</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear1>67268</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>67268</TotalExcessDistriCarryover>
        <QualifyingDistributions>81627</QualifyingDistributions>
        <AppliedToCurrentYear>39955</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>41672</RemainingDistriFromCorpus>
        <TotalCorpus>108940</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>108940</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>67268</ExcessFromYear1>
        <ExcessFromCurrentYear>41672</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Melissa Haglund</ContributingManager>
        <ContributingManager>Michael E Haglund</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ALL SAINTS PARISH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3847 NE GLISAN ST</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97232</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ALL SAINTS PARISH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3847 NE GLISAN ST</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97232</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>All Saints School</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ALL SAINTS PARISH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3847 NE GLISAN ST</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97232</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>All Saints School Scholarships Fund</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BLANCHET HOUSE OF HOSPITALITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1500 NE IRVING ST STE 440</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97232</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Capital Campaign</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTRAL CATHOLIC HIGH SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2401 SE STARK ST</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97214</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CCHS Capital Campaign</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF OUTDOOR SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 82684</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97282</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KBOO FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>20 SE 8TH AVE</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97214</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PLANNED PARENTHOOD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3727 NE ML KING JR BLVD</AddressLine1>
            <City>PORTLAND</City>
            <State>OR</State>
            <ZIPCode>97212</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VALENTINO ACHAK DENG FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>849 VALENCIA ST</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94110</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>600</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>73400</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>43</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>23169</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>44526</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>Foreign Tax Refund</Description>
          <ExclusionCode>01</ExclusionCode>
          <ExclusionAmount>9</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>67747</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>67747</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <GainLossSaleOtherAssetsSch documentId="990PF:69" softwareId="12000057" softwareVersion="12.13.328.3">
      <GainLossSaleOtherAsset>
        <Name>Publicly-traded Securities</Name>
        <GrossSalesPrice>669277</GrossSalesPrice>
        <Basis>624751</Basis>
        <TotalNet>44526</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="990PF:123" softwareId="12000057" softwareVersion="12.13.328.3"></GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="990PF:87" softwareId="12000057" softwareVersion="12.13.328.3">
      <InvestmentsCorpBonds>
        <NameOfBond>ASTRAZENECA PLC NT - 5.900 - 09/15/2017</NameOfBond>
        <EOYBookValue>2016</EOYBookValue>
        <EOYFMV>2430</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ATT INC GLBL NT - 3.000 - 02/15/2022</NameOfBond>
        <EOYBookValue>2001</EOYBookValue>
        <EOYFMV>2080</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BERKSHIRE HATHAWAY FIN CORP - 1.600 - 05/15/2017</NameOfBond>
        <EOYBookValue>2047</EOYBookValue>
        <EOYFMV>2039</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BP CAPITAL MARKETS PLC NT - 1.700 - 12/05/2014</NameOfBond>
        <EOYBookValue>2016</EOYBookValue>
        <EOYFMV>2042</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CANADIAN NAT RES LTD NT - 5.700 - 05/15/2017</NameOfBond>
        <EOYBookValue>1964</EOYBookValue>
        <EOYFMV>2356</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CATERPILLAR FINL SVCS MTNS - 7.150 - 02/15/2019</NameOfBond>
        <EOYBookValue>1268</EOYBookValue>
        <EOYFMV>1302</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CITIGROUP INC SUB NT - 5.000 - 09/15/2014</NameOfBond>
        <EOYBookValue>2935</EOYBookValue>
        <EOYFMV>3156</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>COMCAST CORP NT - 6.300 - 11/15/2017</NameOfBond>
        <EOYBookValue>1013</EOYBookValue>
        <EOYFMV>1227</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DAIMLERCHRYSLER N. AMER - 6.500 - 11/15/2013</NameOfBond>
        <EOYBookValue>3166</EOYBookValue>
        <EOYFMV>3149</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DIRECTV HLDGS LLC / DIRECTV - 3.500 - 03/01/2016</NameOfBond>
        <EOYBookValue>2030</EOYBookValue>
        <EOYFMV>2119</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ENTERPRISE PRODUCTS BD - 5.200 - 09/01/2020</NameOfBond>
        <EOYBookValue>1044</EOYBookValue>
        <EOYFMV>1194</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>EXELON CORP NT - 4.900 - 06/15/2015</NameOfBond>
        <EOYBookValue>1881</EOYBookValue>
        <EOYFMV>2177</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GE CAP CORP SR UNSERUES 5.625 9/15/17</NameOfBond>
        <EOYBookValue>3555</EOYBookValue>
        <EOYFMV>3538</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GLAXOSMITHKLINE CAP INC 05.65000 05/15/2018</NameOfBond>
        <EOYBookValue>2027</EOYBookValue>
        <EOYFMV>2436</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS GROUP INC - 5.375 - 03/15/2020</NameOfBond>
        <EOYBookValue>2087</EOYBookValue>
        <EOYFMV>2292</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JPMORGAN CHASE CO GLBL - 4.750 - 03/01/2015</NameOfBond>
        <EOYBookValue>3276</EOYBookValue>
        <EOYFMV>3236</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>KRAFT FOODS INC NT 5.37500 02/10/2020</NameOfBond>
        <EOYBookValue>1013</EOYBookValue>
        <EOYFMV>1207</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MORGAN STANLEY - 4.750 - 04/01/2014</NameOfBond>
        <EOYBookValue>1898</EOYBookValue>
        <EOYFMV>2071</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PFIZER INC - 6.200 - 03/15/2019</NameOfBond>
        <EOYBookValue>2439</EOYBookValue>
        <EOYFMV>2528</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TIME WARNER CABLE INC - 8.750 - 02/14/2019</NameOfBond>
        <EOYBookValue>2012</EOYBookValue>
        <EOYFMV>2698</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TIME WARNER INC DTD 3/11/2010 4.875 3/15/2020</NameOfBond>
        <EOYBookValue>2151</EOYBookValue>
        <EOYFMV>2336</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TOYOTA MTR CR CORP MTN - 1.250 - 10/05/2017</NameOfBond>
        <EOYBookValue>2007</EOYBookValue>
        <EOYFMV>2014</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>UNITED PARCEL SRVC NT - 5.500 - 01/15/2018</NameOfBond>
        <EOYBookValue>3052</EOYBookValue>
        <EOYFMV>3605</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>WAL MART STORES INC NT - 5.800 - 02/15/2018</NameOfBond>
        <EOYBookValue>2123</EOYBookValue>
        <EOYFMV>2450</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="990PF:86" softwareId="12000057" softwareVersion="12.13.328.3">
      <InvestmentsCorpStock>
        <NameOfStock>157 shares of AETNA INC. NEW</NameOfStock>
        <EOYBookValue>6606</EOYBookValue>
        <EOYFMV>7271</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>147 shares of AGILENT TECHNOLOGIES INC</NameOfStock>
        <EOYBookValue>3940</EOYBookValue>
        <EOYFMV>6018</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>52 shares of AIR PRODS CHEM INC.</NameOfStock>
        <EOYBookValue>4538</EOYBookValue>
        <EOYFMV>4369</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>13 shares of ALLEGHANY CP</NameOfStock>
        <EOYBookValue>4130</EOYBookValue>
        <EOYFMV>4360</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>175 shares of ALTRIA GROUP INC</NameOfStock>
        <EOYBookValue>5689</EOYBookValue>
        <EOYFMV>5502</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>333 shares of AMERICAN EXPRESS CO</NameOfStock>
        <EOYBookValue>14704</EOYBookValue>
        <EOYFMV>19141</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>62 shares of AMERIPRISE FINANCIAL INC</NameOfStock>
        <EOYBookValue>2246</EOYBookValue>
        <EOYFMV>3883</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 shares of ANHEUSER BUSCH COS INC</NameOfStock>
        <EOYBookValue>2740</EOYBookValue>
        <EOYFMV>4371</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>133 shares of ASSA ABLOY UNSP/ADR</NameOfStock>
        <EOYBookValue>1443</EOYBookValue>
        <EOYFMV>2462</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>39 shares of ASSOCIATED BRITISH FOODS PLC</NameOfStock>
        <EOYBookValue>947</EOYBookValue>
        <EOYFMV>994</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>204 shares of ATLANTIA SPA ADR</NameOfStock>
        <EOYBookValue>1514</EOYBookValue>
        <EOYFMV>1842</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>178 shares of BALL CP</NameOfStock>
        <EOYBookValue>6621</EOYBookValue>
        <EOYFMV>7966</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>613 shares of BANK NEW YORK MELLON CORP COM</NameOfStock>
        <EOYBookValue>16649</EOYBookValue>
        <EOYFMV>15754</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>20 shares of BAYER A G SPONSORED ADR</NameOfStock>
        <EOYBookValue>1280</EOYBookValue>
        <EOYFMV>1918</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>52 shares of BAYERISCHE MOTOREN WERKE</NameOfStock>
        <EOYBookValue>1288</EOYBookValue>
        <EOYFMV>1695</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>154 shares of BED BATH BEYOND INC.</NameOfStock>
        <EOYBookValue>6887</EOYBookValue>
        <EOYFMV>8610</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>130 shares of BERKSHIRE HATHAWAY INC. CLASS B</NameOfStock>
        <EOYBookValue>7894</EOYBookValue>
        <EOYFMV>11661</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>80 shares of BG GROUP PLC ADS</NameOfStock>
        <EOYBookValue>1654</EOYBookValue>
        <EOYFMV>1337</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>39 shares of BHP BILLITON LIMITED</NameOfStock>
        <EOYBookValue>3003</EOYBookValue>
        <EOYFMV>3058</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>58 shares of BNP PARIBAS SPONS ADR</NameOfStock>
        <EOYBookValue>1351</EOYBookValue>
        <EOYFMV>1694</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>32 shares of BRITISH AMERICAN TOBACCO PLC</NameOfStock>
        <EOYBookValue>2880</EOYBookValue>
        <EOYFMV>3240</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>24 shares of BRITISH SKY BROADCASTING ADR</NameOfStock>
        <EOYBookValue>1053</EOYBookValue>
        <EOYFMV>1209</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>201 shares of CAMPBELL SOUP CO</NameOfStock>
        <EOYBookValue>6711</EOYBookValue>
        <EOYFMV>7013</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>275 shares of CANADIAN NATURAL RESOURCES LTD</NameOfStock>
        <EOYBookValue>8133</EOYBookValue>
        <EOYFMV>7939</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>38 shares of CANON INC.</NameOfStock>
        <EOYBookValue>1777</EOYBookValue>
        <EOYFMV>1490</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>29 shares of CF INDUSTRIES HOLDINGS, INC</NameOfStock>
        <EOYBookValue>4678</EOYBookValue>
        <EOYFMV>5892</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>108 shares of CHINA CONSTRUCT UNSPON ADR</NameOfStock>
        <EOYBookValue>1595</EOYBookValue>
        <EOYFMV>1734</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>41 shares of CHINA MOBILE HGK LTD</NameOfStock>
        <EOYBookValue>2260</EOYBookValue>
        <EOYFMV>2408</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>54 shares of CIELO SA ADR</NameOfStock>
        <EOYBookValue>1105</EOYBookValue>
        <EOYFMV>1558</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>96 shares of COACH INC</NameOfStock>
        <EOYBookValue>5664</EOYBookValue>
        <EOYFMV>5329</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>156 shares of COCA-COLA CO</NameOfStock>
        <EOYBookValue>4168</EOYBookValue>
        <EOYFMV>5655</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>199 shares of COSTCO WHOLESALE CORP NEW</NameOfStock>
        <EOYBookValue>10656</EOYBookValue>
        <EOYFMV>19647</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>372 shares of CVS CAREMARK CORP.</NameOfStock>
        <EOYBookValue>12065</EOYBookValue>
        <EOYFMV>17986</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of DAITO TRUST CONSTRUC</NameOfStock>
        <EOYBookValue>1655</EOYBookValue>
        <EOYFMV>1765</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>66 shares of DEERE CO</NameOfStock>
        <EOYBookValue>5729</EOYBookValue>
        <EOYFMV>5704</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>146 shares of DEVON ENERGY CORPORATION</NameOfStock>
        <EOYBookValue>8599</EOYBookValue>
        <EOYFMV>7598</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>86 shares of DIAGEO PLC ADS</NameOfStock>
        <EOYBookValue>6412</EOYBookValue>
        <EOYFMV>10026</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>113 shares of DIRECTV GROUP</NameOfStock>
        <EOYBookValue>6029</EOYBookValue>
        <EOYFMV>5668</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>215 shares of DISCOVER FINL SVCS COM</NameOfStock>
        <EOYBookValue>5836</EOYBookValue>
        <EOYFMV>8288</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>177 shares of EATON VANCE CORP COM</NameOfStock>
        <EOYBookValue>5654</EOYBookValue>
        <EOYFMV>5637</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>29 shares of ENI S.P.A.</NameOfStock>
        <EOYBookValue>1372</EOYBookValue>
        <EOYFMV>1425</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>161 shares of EOG RESOURCES INC</NameOfStock>
        <EOYBookValue>11079</EOYBookValue>
        <EOYFMV>19447</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>46 shares of ESTACIO PARTICIP ADR</NameOfStock>
        <EOYBookValue>875</EOYBookValue>
        <EOYFMV>971</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>110 shares of EXPRESS SCRIPTS HOLDING CO.</NameOfStock>
        <EOYBookValue>4884</EOYBookValue>
        <EOYFMV>5940</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>39 shares of FANUC LIMITED UNSPONSORED</NameOfStock>
        <EOYBookValue>1006</EOYBookValue>
        <EOYFMV>1197</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>38 shares of GETINGE AB UNSP ADR</NameOfStock>
        <EOYBookValue>1163</EOYBookValue>
        <EOYFMV>1292</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>92 shares of GILEAD SCIENCES INC</NameOfStock>
        <EOYBookValue>6205</EOYBookValue>
        <EOYFMV>6757</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>19 shares of GOOGLE INC CL A</NameOfStock>
        <EOYBookValue>10137</EOYBookValue>
        <EOYFMV>13440</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>208 shares of HARLEY DAVIDSON INC.</NameOfStock>
        <EOYBookValue>9166</EOYBookValue>
        <EOYFMV>10157</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>120 shares of HERBALIFE LTD</NameOfStock>
        <EOYBookValue>6014</EOYBookValue>
        <EOYFMV>3953</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>84 shares of HERSHEY FOODS CORP COMMON</NameOfStock>
        <EOYBookValue>5993</EOYBookValue>
        <EOYFMV>6066</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>95 shares of HEWLETT PACKARD CO</NameOfStock>
        <EOYBookValue>3473</EOYBookValue>
        <EOYFMV>1354</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>148 shares of HOLLYFRONTIER CORP</NameOfStock>
        <EOYBookValue>5997</EOYBookValue>
        <EOYFMV>6889</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>399 shares of HUNTSMAN CORP</NameOfStock>
        <EOYBookValue>6175</EOYBookValue>
        <EOYFMV>6344</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>132 shares of INFORMA PLC UNSPONSORED ADR</NameOfStock>
        <EOYBookValue>1459</EOYBookValue>
        <EOYFMV>1962</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>149 shares of ING GROUP N V SPONSORED ADR</NameOfStock>
        <EOYBookValue>1167</EOYBookValue>
        <EOYFMV>1414</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>161 shares of IRON MOUNTAIN NEW</NameOfStock>
        <EOYBookValue>3857</EOYBookValue>
        <EOYFMV>4999</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>37 shares of JS GROUP CORP-UNSPON ADR</NameOfStock>
        <EOYBookValue>1794</EOYBookValue>
        <EOYFMV>1647</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>82 shares of KASIKORNBANK PUB CO LTD ADR CMN</NameOfStock>
        <EOYBookValue>1300</EOYBookValue>
        <EOYFMV>2103</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>100 shares of KELLOGG CO</NameOfStock>
        <EOYBookValue>5658</EOYBookValue>
        <EOYFMV>5585</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>51 shares of KOC HOLDINGS AS UNSP/ADR</NameOfStock>
        <EOYBookValue>877</EOYBookValue>
        <EOYFMV>1334</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>56 shares of KOMATSU LTD.</NameOfStock>
        <EOYBookValue>1595</EOYBookValue>
        <EOYFMV>1440</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>335 shares of LOEWS CORP</NameOfStock>
        <EOYBookValue>9940</EOYBookValue>
        <EOYFMV>13651</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>33 shares of LVMH MOET HENN UNSP</NameOfStock>
        <EOYBookValue>1039</EOYBookValue>
        <EOYFMV>1244</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>145 shares of MACYS INC</NameOfStock>
        <EOYBookValue>5660</EOYBookValue>
        <EOYFMV>5658</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>124 shares of MARRIOTT INTERNATIONAL INC. CL A</NameOfStock>
        <EOYBookValue>4822</EOYBookValue>
        <EOYFMV>4621</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>40 shares of MEDICLINIC INTERNATIONAL - ADR</NameOfStock>
        <EOYBookValue>1036</EOYBookValue>
        <EOYFMV>1308</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 shares of MERCK KGAA U/ADR</NameOfStock>
        <EOYBookValue>1501</EOYBookValue>
        <EOYFMV>2198</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>150 shares of METLIFE INC.</NameOfStock>
        <EOYBookValue>4843</EOYBookValue>
        <EOYFMV>4941</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>327 shares of MICROSOFT CORPORATION</NameOfStock>
        <EOYBookValue>9237</EOYBookValue>
        <EOYFMV>8734</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>91 shares of MOBILE TELSYS OJSC</NameOfStock>
        <EOYBookValue>1462</EOYBookValue>
        <EOYFMV>1697</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>62 shares of MONSANTO CO</NameOfStock>
        <EOYBookValue>5290</EOYBookValue>
        <EOYFMV>5868</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>60 shares of MR PRICE GROUP LTD</NameOfStock>
        <EOYBookValue>605</EOYBookValue>
        <EOYFMV>991</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>59 shares of NOVARTIS AG ADR</NameOfStock>
        <EOYBookValue>3053</EOYBookValue>
        <EOYFMV>3735</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>143 shares of NU SKIN ENTERPRISES CL A</NameOfStock>
        <EOYBookValue>6026</EOYBookValue>
        <EOYFMV>5298</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>177 shares of OCCIDENTAL PETROLEUM CORP</NameOfStock>
        <EOYBookValue>7747</EOYBookValue>
        <EOYFMV>13560</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>270 shares of ORACLE CORP</NameOfStock>
        <EOYBookValue>8448</EOYBookValue>
        <EOYFMV>8996</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>47 shares of ORICA LTD UNSPON ADR</NameOfStock>
        <EOYBookValue>1331</EOYBookValue>
        <EOYFMV>1234</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>59 shares of PETRO GEO ADR NEW</NameOfStock>
        <EOYBookValue>823</EOYBookValue>
        <EOYFMV>1027</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>127 shares of PETROFAC LTD UNSPONS ADR</NameOfStock>
        <EOYBookValue>1295</EOYBookValue>
        <EOYFMV>1688</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>169 shares of PFIZER INC.</NameOfStock>
        <EOYBookValue>3060</EOYBookValue>
        <EOYFMV>4238</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of PHILIP MORRIS INTL</NameOfStock>
        <EOYBookValue>3221</EOYBookValue>
        <EOYFMV>6273</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>132 shares of PHILLIPS 66</NameOfStock>
        <EOYBookValue>6209</EOYBookValue>
        <EOYFMV>7009</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>313 shares of PIER 1 IMPORTS INC</NameOfStock>
        <EOYBookValue>5993</EOYBookValue>
        <EOYFMV>6260</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>106 shares of POTASH CORPORATION OF SASKATCHEWAN INC</NameOfStock>
        <EOYBookValue>4725</EOYBookValue>
        <EOYFMV>4313</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>9 shares of PRICELINE.COM INCORPORATED</NameOfStock>
        <EOYBookValue>5692</EOYBookValue>
        <EOYFMV>5584</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>400 shares of PROGRESSIVE CORP OHIO</NameOfStock>
        <EOYBookValue>7437</EOYBookValue>
        <EOYFMV>8440</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>85 shares of PRUDENTIAL PLC SC</NameOfStock>
        <EOYBookValue>1632</EOYBookValue>
        <EOYFMV>2427</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>172 shares of PT BK MANDIR PRS UNSP/ADR</NameOfStock>
        <EOYBookValue>1246</EOYBookValue>
        <EOYFMV>1446</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>44 shares of PT TELEKOM. IND. TBK ADR</NameOfStock>
        <EOYBookValue>1521</EOYBookValue>
        <EOYFMV>1626</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>194 shares of QUESTCOR PHARMACEUTICALS, INC.</NameOfStock>
        <EOYBookValue>5678</EOYBookValue>
        <EOYFMV>5184</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>93 shares of RED ELECTRICA DE ESPANA SA</NameOfStock>
        <EOYBookValue>857</EOYBookValue>
        <EOYFMV>925</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>55 shares of REXAM PLC ADR</NameOfStock>
        <EOYBookValue>1543</EOYBookValue>
        <EOYFMV>1966</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>30 shares of ROYAL DUTCH SHELL PLC</NameOfStock>
        <EOYBookValue>1788</EOYBookValue>
        <EOYFMV>2069</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>38 shares of RYANAIR HOLDINGS PLC-ADR COM</NameOfStock>
        <EOYBookValue>982</EOYBookValue>
        <EOYFMV>1303</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>89 shares of SAMPO OYJ UNSPONSORED ADR</NameOfStock>
        <EOYBookValue>1216</EOYBookValue>
        <EOYFMV>1427</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>23 shares of SANDS CHINA LTD UNSP ADR</NameOfStock>
        <EOYBookValue>896</EOYBookValue>
        <EOYFMV>1030</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>77 shares of SANDVIK AB SPONS ADR</NameOfStock>
        <EOYBookValue>984</EOYBookValue>
        <EOYFMV>1244</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>90 shares of SANOFI-AVENTIS SPONSORED ADR</NameOfStock>
        <EOYBookValue>3321</EOYBookValue>
        <EOYFMV>4264</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>44 shares of SAP AKTIENGESELL ADS</NameOfStock>
        <EOYBookValue>2238</EOYBookValue>
        <EOYFMV>3537</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>214 shares of SBERBANK SPONSORED ADR</NameOfStock>
        <EOYBookValue>2276</EOYBookValue>
        <EOYFMV>2604</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>20 shares of SEVEN I HOLDINGS C</NameOfStock>
        <EOYBookValue>1341</EOYBookValue>
        <EOYFMV>1127</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>40 shares of SHERWIN-WILLIAMS CO.</NameOfStock>
        <EOYBookValue>4111</EOYBookValue>
        <EOYFMV>6153</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>79 shares of SOFTBANK CP UNSP ADR</NameOfStock>
        <EOYBookValue>1512</EOYBookValue>
        <EOYFMV>1434</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>588 shares of SONIC CORPORATION</NameOfStock>
        <EOYBookValue>5980</EOYBookValue>
        <EOYFMV>6121</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>72 shares of STANDARD BANK GROUP SPON ADR</NameOfStock>
        <EOYBookValue>1070</EOYBookValue>
        <EOYFMV>1024</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>315 shares of SUMITOMO MITSUI FINCL GRP</NameOfStock>
        <EOYBookValue>3353</EOYBookValue>
        <EOYFMV>2312</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>41 shares of SWATCH GROUP AG</NameOfStock>
        <EOYBookValue>894</EOYBookValue>
        <EOYFMV>1041</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>56 shares of SWEDBANK AB S/ADR</NameOfStock>
        <EOYBookValue>711</EOYBookValue>
        <EOYFMV>1109</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>214 shares of TAIWAN SEMICONDUCTOR MFG CO LTD</NameOfStock>
        <EOYBookValue>2516</EOYBookValue>
        <EOYFMV>3672</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>49 shares of TECHNIP ADS</NameOfStock>
        <EOYBookValue>1116</EOYBookValue>
        <EOYFMV>1444</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>187 shares of TEXAS INSTRUMENTS INC.</NameOfStock>
        <EOYBookValue>4496</EOYBookValue>
        <EOYFMV>5776</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>198 shares of TJX COMPANIES INC</NameOfStock>
        <EOYBookValue>6639</EOYBookValue>
        <EOYFMV>8405</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>32 shares of TRANSOCEAN LTD.</NameOfStock>
        <EOYBookValue>3037</EOYBookValue>
        <EOYFMV>1429</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>112 shares of TULLOW OIL PLC ADR UK</NameOfStock>
        <EOYBookValue>877</EOYBookValue>
        <EOYFMV>1167</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>95 shares of TURKCELL ILET NEW</NameOfStock>
        <EOYBookValue>1240</EOYBookValue>
        <EOYFMV>1533</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>347 shares of U.S. SILICA HOLDINGS INC</NameOfStock>
        <EOYBookValue>5658</EOYBookValue>
        <EOYFMV>5805</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>96 shares of UNILEVER PLC AMER</NameOfStock>
        <EOYBookValue>2787</EOYBookValue>
        <EOYFMV>3717</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>76 shares of UNITED PARCEL SERVICE</NameOfStock>
        <EOYBookValue>5687</EOYBookValue>
        <EOYFMV>5603</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>73 shares of VALE SA</NameOfStock>
        <EOYBookValue>1882</EOYBookValue>
        <EOYFMV>1530</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>49 shares of VALEO SA SPONS ADR</NameOfStock>
        <EOYBookValue>1121</EOYBookValue>
        <EOYFMV>1259</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>161 shares of WADDELLREED FIN INC</NameOfStock>
        <EOYBookValue>5673</EOYBookValue>
        <EOYFMV>5606</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>118 shares of WAL-MART STORES INC.</NameOfStock>
        <EOYBookValue>6184</EOYBookValue>
        <EOYFMV>8051</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>158 shares of WALT DISNEY HOLDINGS CO.</NameOfStock>
        <EOYBookValue>6584</EOYBookValue>
        <EOYFMV>7867</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>588 shares of WELLS FARGO CO.</NameOfStock>
        <EOYBookValue>12413</EOYBookValue>
        <EOYFMV>20099</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>319 shares of WOLSELEY PLC ADR</NameOfStock>
        <EOYBookValue>993</EOYBookValue>
        <EOYFMV>1509</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>101 shares of YAHOO JAPAN CORP</NameOfStock>
        <EOYBookValue>973</EOYBookValue>
        <EOYFMV>1087</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="990PF:76" softwareId="12000057" softwareVersion="12.13.328.3">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>8202</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>8202</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Charges</Description>
        <RevenueAndExpensesPerBooks>98</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>98</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="990PF:71" softwareId="12000057" softwareVersion="12.13.328.3">
      <OtherIncome>
        <Description>Foreign Tax Refund</Description>
        <RevenueAndExpensesPerBooks>9</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="990PF:74" softwareId="12000057" softwareVersion="12.13.328.3">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>10224</Amount>
        <NetInvestmentIncome>10224</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:75" softwareId="12000057" softwareVersion="12.13.328.3">
      <Taxes>
        <Category>Estimated Tax for 2012</Category>
        <Amount>100</Amount>
      </Taxes>
      <Taxes>
        <Category>Foreign Tax Paid</Category>
        <Amount>471</Amount>
        <NetInvestmentIncome>471</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>