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<Return xmlns="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-10-09T09:49:10-05:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>LAKESHORE ACCOUNTING INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>115 E WALDO BLVD</AddressLine1>
        <City>MANITOWOC</City>
        <State>WI</State>
        <ZIPCode>54220</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>391858063</EIN>
      <Name>
        <BusinessNameLine1>ROBERT A AND LYNN I DONEFF FOUNDATI</BusinessNameLine1>
      </Name>
      <NameControl>ROBE</NameControl>
      <USAddress>
        <AddressLine1>7833 DOCK ROAD</AddressLine1>
        <City>EGG HARBOR</City>
        <State>WI</State>
        <ZIPCode>54209</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>ROBERT A DONEFF</Name>
      <Title>PRESIDENT</Title>
      <Phone>9208683116</Phone>
      <DateSigned>2012-09-30</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DONALD L WOLLERSHEIM</Name>
      <Phone>9206846940</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="990PF">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>211734</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>6000</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>20</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>20</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>20</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>4207</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>4207</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>4207</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss>7664</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>218312</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>7664</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="STM106">99</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>99</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>17990</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>11990</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>4227</TotalAdjustedNetIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId="STM109">735</OtherProfFeesRevAndExpnss>
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        <ContriGiftsPaidRevAndExpnss>8510</ContriGiftsPaidRevAndExpnss>
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        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>735</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>8651</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>11990</NetInvestmentIncome>
        <AdjustedNetIncome>4227</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
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        <CashEOY>19421</CashEOY>
        <CashEOYFMV>19421</CashEOYFMV>
        <InvestmentsCorpBondsBOY>165019</InvestmentsCorpBondsBOY>
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        <TotalAssetsEOY>199384</TotalAssetsEOY>
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        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>190733</RetainedEarningsBOY>
        <RetainedEarningsEOY>199384</RetainedEarningsEOY>
        <TotalNetAssetsBOY>190733</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>199384</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>190733</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>199384</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>190733</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>8651</ExcessOfRevenueOverExpenses>
        <Subtotal>199384</Subtotal>
        <TotalNetAssetsFundBalancesEOY>199384</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>STOCKS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-01-01</DateAcquired>
          <DateSold>2011-06-01</DateSold>
          <GrossSalesPrice>218312</GrossSalesPrice>
          <CostOrOtherBasis>210648</CostOrOtherBasis>
          <GainOrLoss>7664</GainOrLoss>
          <GainsMinusExcessOrLosses>7664</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>7664</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>8458</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>170500</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.049607</DistributionRatioYear1>
        <QualifyingDistributionsYear2>7800</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>156910</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.04971</DistributionRatioYear2>
        <QualifyingDistributionsYear3>7700</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>157600</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.048858</DistributionRatioYear3>
        <QualifyingDistributionsYear4>6369</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>151490</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.042042</DistributionRatioYear4>
        <TotalDistributionRatio>0.190217</TotalDistributionRatio>
        <AverageDistributionRatio>0.038043</AverageDistributionRatio>
        <NetNoncharitableAssets>190000</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>7228</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>120</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>7348</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>735</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>240</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>240</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>240</TaxBasedOnInvestmentIncome>
        <TaxDue>240</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>WI</StatesFiledWith>
        <Form990PFFiledWithAG>false</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfPersonName>ROBERT A DONEFF</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>9208683116</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>7833 DOCK ROAD</AddressLine1>
          <City>EGG HARBOR</City>
          <State>WI</State>
          <ZIPCode>54209</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>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="STMA01">ROBERT A DONEFF</PersonName>
          <USAddress>
            <AddressLine1>7833 DOCK ROAD</AddressLine1>
            <City>EGG HARBOR</City>
            <State>WI</State>
            <ZIPCode>54209</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>1</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>SEE ATACHED LISTING OF CONTRIBUTIONS MADE</Description1>
        <Expenses1>8510</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>NONE</Description1>
        <Amount1>0</Amount1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>170000</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>20000</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>190000</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>190000</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>0</CashDeemedCharitable>
        <NetNoncharitableAssets>190000</NetNoncharitableAssets>
        <MinimumInvestmentReturn>9500</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>9500</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>240</TaxBasedOnInvestmentIncome>
        <TotalTax>240</TotalTax>
        <DistributableAmountBeforeAdj>9260</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>9260</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>9260</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>735</ExpensesAndContributions>
        <QualifyingDistributions>735</QualifyingDistributions>
        <AdjQualifyingDistributions>735</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>9260</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>8458</UndistributedIncomePriorYear>
        <QualifyingDistributions>735</QualifyingDistributions>
        <AppliedToYear1>735</AppliedToYear1>
        <AppliedToPriorYears>15500</AppliedToPriorYears>
        <TaxableAmount2>7723</TaxableAmount2>
        <UndistributedIncomeCY>9260</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <AppicationSubmissionInfo>
          <RecipientName>ROBERT A DONEFF</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>7833 DOCK ROAD</AddressLine1>
            <City>EGG HARBOR</City>
            <State>WI</State>
            <ZIPCode>54209</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>9208683116</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>ANY WRITTEN REQUESTS</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>VARIOUS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>VARIOUS</AddressLine1>
            <City>EGG HARBOR</City>
            <State>WI</State>
            <ZIPCode>54209</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PAID</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>OPERATING EXPENSE</PurposeOfGrantOrContribution>
          <Amount>8510</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>8510</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <ProgramServiceRevenuePartVII>
          <Description>NONE</Description>
        </ProgramServiceRevenuePartVII>
      </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>
    <IRS990ScheduleB documentId="990B">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>ROBERT A DONEFF</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>7833 DOCK ROAD</AddressLine1>
          <City>EGG HARBOR</City>
          <State>WI</State>
          <ZIPCode>54209</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>6000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <CompensationExplanation documentId="STMA01">
      <Compensation>
        <PersonName>ROBERT A DONEFF</PersonName>
        <Explanation>NONE</Explanation>
      </Compensation>
    </CompensationExplanation>
    <InvestmentsCorpBondsSchedule documentId="STM138">
      <InvestmentsCorpBonds>
        <NameOfBond>SCOTTRATE</NameOfBond>
        <EOYBookValue>179963</EOYBookValue>
        <EOYFMV>192313</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <OtherIncomeSchedule2 documentId="STM106">
      <OtherIncome>
        <Description>PARTNERSHIP K1 LOSS</Description>
        <RevenueAndExpensesPerBooks>99</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>99</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="STM109">
      <OtherProfessionalFees>
        <Category>INVESTMENT MANAGEMENT</Category>
        <Amount>735</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>735</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SalesOfInventoryList documentId="STM102">
      <SaleOfInventory>
        <Category>NONE</Category>
        <GrossSales>0</GrossSales>
        <CostOfGoodsSold>0</CostOfGoodsSold>
        <Net>0</Net>
      </SaleOfInventory>
    </SalesOfInventoryList>
    <TaxesSchedule documentId="STM110">
      <Taxes>
        <Category>FED TAX</Category>
        <Amount>94</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>