﻿<?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="2010v3.4">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-11-15T13:11:14-06:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GODFREY &amp; KAHN SC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>780 NORTH WATER STREET</AddressLine1>
        <City>MILWAUKEE</City>
        <State>WI</State>
        <ZIPCode>532023590</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>391281879</EIN>
      <Name>
        <BusinessNameLine1>JEFFRIS FAMILY FOUNDATION LTD</BusinessNameLine1>
      </Name>
      <NameControl>JEFF</NameControl>
      <Phone>6087571039</Phone>
      <USAddress>
        <AddressLine1>PO BOX 1160</AddressLine1>
        <City>JANESVILLE</City>
        <State>WI</State>
        <ZIPCode>53547</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>THOMAS M JEFFRIS</Name>
      <Title>PRESIDENT</Title>
      <Phone>6087571039</Phone>
      <DateSigned>2011-11-10</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JED A ROHER</Name>
      <Phone>4142733500</Phone>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990PF documentId="RetDoc1235000001">
      <AddressChange>X</AddressChange>
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>23474721</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>4079</ContriReceivedRevAndExpnss>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>114649</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>114649</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>315616</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>315616</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>412972</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>3717449</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>412972</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>847316</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>843237</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>142000</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>50000</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>92000</CompOfcrDirTrstDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="RetDoc2002300001">130568</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>122308</OtherProfFeesNetInvstIncm>
        <OtherProfFeesDsbrsChrtblPrps>8260</OtherProfFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">16331</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>12506</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>3825</TaxesDsbrsChrtblPrps>
        <TravConfMeetingRevAndExpnss>3829</TravConfMeetingRevAndExpnss>
        <TravConfMeetingNetInvstIncm>0</TravConfMeetingNetInvstIncm>
        <TravConfMeetingDsbrsChrtblPrps>3829</TravConfMeetingDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">11720</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>1209</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>10511</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>304448</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>186023</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>118425</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>468562</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>468562</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>773010</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>186023</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>586987</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>74306</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>657214</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>1679924</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>1319618</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>1319618</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>709875</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY referenceDocumentId="RetDoc2210400001">709875</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>989128</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>11169190</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">11382401</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>20003672</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>925417</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc2044400001">1146818</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>1162303</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>14484406</TotalAssetsBOY>
        <TotalAssetsEOY>14558712</TotalAssetsEOY>
        <TotalAssetsEOYFMV>23474721</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>14484406</RetainedEarningsBOY>
        <RetainedEarningsEOY>14558712</RetainedEarningsEOY>
        <TotalNetAssetsBOY>14484406</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>14558712</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>14484406</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>14558712</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>14484406</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>74306</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>14558712</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>14558712</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>PUBLICLY TRADED SECURITIES</DescriptionOfAsset>
          <GrossSalesPrice>3707170</GrossSalesPrice>
          <CostOrOtherBasis>3304477</CostOrOtherBasis>
          <GainOrLoss>402693</GainOrLoss>
          <GainsMinusExcessOrLosses>402693</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>SECURITIES LITIGATION PROCEEDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>4791</GrossSalesPrice>
          <GainOrLoss>4791</GainOrLoss>
          <GainsMinusExcessOrLosses>4791</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CAPITAL GAINS DIVIDENDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>5488</GrossSalesPrice>
          <GainOrLoss>5488</GainOrLoss>
          <GainsMinusExcessOrLosses>5488</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>412972</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>1110586</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>18040438</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.061561</DistributionRatioYear1>
        <QualifyingDistributionsYear2>1661730</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>23489187</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.070744</DistributionRatioYear2>
        <QualifyingDistributionsYear3>1558052</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>28578538</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.054518</DistributionRatioYear3>
        <QualifyingDistributionsYear4>1183977</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>25827893</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.045841</DistributionRatioYear4>
        <QualifyingDistributionsYear5>1190874</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>24722212</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.048170</DistributionRatioYear5>
        <TotalDistributionRatio>0.280834</TotalDistributionRatio>
        <AverageDistributionRatio>0.056167</AverageDistributionRatio>
        <NetNoncharitableAssets>21037789</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>1181629</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>6572</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>1188201</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>1190399</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>6572</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>6572</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>6572</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>33522</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>33522</TotalCreditsAndPayments>
        <Overpayment>26950</Overpayment>
        <AmountCreditedToNextYear>26950</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>WI</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>WWW.JEFFRISFOUNDATION.ORG</WebsiteAddress>
        <BooksInCareOfPersonName>GODFREY KAHN SC</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>4142733500</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>780 N WATER ST</AddressLine1>
          <City>MILWAUKEE</City>
          <State>WI</State>
          <ZIPCode>53202</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>1</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>0</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THOMAS M JEFFRIS</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 1160</AddressLine1>
            <City>JANESVILLE</City>
            <State>WI</State>
            <ZIPCode>53547</ZIPCode>
          </USAddress>
          <Title>PRESIDENT/TREASURER/DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>30.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>100000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PEGGY J SHERIDAN</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 1160</AddressLine1>
            <City>JANESVILLE</City>
            <State>WI</State>
            <ZIPCode>53547</ZIPCode>
          </USAddress>
          <Title>VICE PRES/SECRETARY/ASST TREASURER</Title>
          <AvgHoursPerWkDevotedToPosition>4.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROYCE YEATER</PersonName>
          <USAddress>
            <AddressLine1>314 WISCONSIN AVE 3S</AddressLine1>
            <City>OAK PARK</City>
            <State>IL</State>
            <ZIPCode>60302</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>28000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROMAN VETTER</PersonName>
          <USAddress>
            <AddressLine1>102 FISK PL</AddressLine1>
            <City>MADISON</City>
            <State>WI</State>
            <ZIPCode>53704</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>14000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>19946802</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>1411359</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>21358161</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>21358161</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>320372</CashDeemedCharitable>
        <NetNoncharitableAssets>21037789</NetNoncharitableAssets>
        <MinimumInvestmentReturn>1051889</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>1051889</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>6572</TaxBasedOnInvestmentIncome>
        <TotalTax>6572</TotalTax>
        <DistributableAmountBeforeAdj>1045317</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>1045317</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>1045317</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>586987</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsSetAsideSuitabilityTest>603412</AmountsSetAsideSuitabilityTest>
        <QualifyingDistributions>1190399</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>6572</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>1183827</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>1045317</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>978133</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <TotalExcessDistriCarryover>0</TotalExcessDistriCarryover>
        <QualifyingDistributions>1190399</QualifyingDistributions>
        <AppliedToYear1>978133</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>212266</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>0</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>833051</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>0</ExcessDistriCyovToNextYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CITY OF FORT ATKINSON WISCONSIN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>101 N MAIN ST</AddressLine1>
            <City>FORT ATKINSON</City>
            <State>WI</State>
            <ZIPCode>53538</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - WATER TOWER PHASE II</PurposeOfGrantOrContribution>
          <Amount>70000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LAMAR COMMUNITY CENTER INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1488 200TH ST</AddressLine1>
            <City>SAINT CROIX FALLS</City>
            <State>WI</State>
            <ZIPCode>54024</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL TRUST FOR HISTORIC PRESERVATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1785 MASSACHUSETTS AVE NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - CIRCUIT RIDER</PurposeOfGrantOrContribution>
          <Amount>85804</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL TRUST FOR HISTORIC PRESERVATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1785 MASSACHUSETTS AVE NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - FUNDRAISING WORKSHOP</PurposeOfGrantOrContribution>
          <Amount>54000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL TRUST FOR HISTORIC PRESERVATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1785 MASSACHUSETTS AVE NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - WI PROJECTS FUND</PurposeOfGrantOrContribution>
          <Amount>64235</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROCK COUNTY HISTORICAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>426 N JACKSON ST</AddressLine1>
            <City>JANESVILLE</City>
            <State>WI</State>
            <ZIPCode>53548</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SWITZERLAND COUNTY HISTORICAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>208 E MARKET ST PO BOX 201</AddressLine1>
            <City>VEVAY</City>
            <State>IN</State>
            <ZIPCode>47043</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - THIEBAUD HOUSE</PurposeOfGrantOrContribution>
          <Amount>78273</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE STERLING NORTH SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 173</AddressLine1>
            <City>EDGERTON</City>
            <State>WI</State>
            <ZIPCode>53534</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WISCONSIN HISTORICAL FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>816 STATE ST</AddressLine1>
            <City>MADISON</City>
            <State>WI</State>
            <ZIPCode>53706</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - STOUT ISLAND EVENT</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>468562</TotGrantOrContriPaidDuringYear>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>DOOR CTY MARITIME MUSEUM &amp; LIGHTHOUSE PRESERVATION SOCIETY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>120 N MADISON AVE</AddressLine1>
            <City>STURGEON BAY</City>
            <State>WI</State>
            <ZIPCode>54235</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - CANA ISLAND LIGHT STATION</PurposeOfGrantOrContribution>
          <Amount>303412</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>EE WARREN OPERA HOUSE ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 201</AddressLine1>
            <City>GREENFIELD</City>
            <State>IA</State>
            <ZIPCode>50849</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE - WARREN OPERA HOUSE</PurposeOfGrantOrContribution>
          <Amount>300000</Amount>
        </GrantOrContriApprovedForFuture>
        <TotGrantOrContriApprovedFuture>603412</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>114649</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>315616</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <OtherInvestmentIncomePartVII>
          <ExclusionCode>14</ExclusionCode>
        </OtherInvestmentIncomePartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>412972</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>843237</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>843237</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>CORPORATE BONDS</NameOfBond>
        <EOYBookValue>1146818</EOYBookValue>
        <EOYFMV>1162303</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>CORPORATE STOCK/WARRANTS/MUTUAL FUNDS</NameOfStock>
        <EOYBookValue>11382401</EOYBookValue>
        <EOYFMV>20003672</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtSecuritiesEOYBookValue>709875</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>989128</USGovtSecuritiesEOYFMV>
      <StateLocalSecuritiesEOYBookVal>0</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>0</StateLocalSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>INVESTMENT FEES</Description>
        <RevenueAndExpensesPerBooks>1209</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1209</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FILING FEES</Description>
        <RevenueAndExpensesPerBooks>20</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>20</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ADMINISTRATIVE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>10041</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>10041</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>WEB HOSTING FEES</Description>
        <RevenueAndExpensesPerBooks>450</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>450</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>TAX RETURN PREPARATION/ACCOUNTING</Category>
        <Amount>4260</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4260</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>INVESTMENT MANAGEMENT FEES</Category>
        <Amount>122308</Amount>
        <NetInvestmentIncome>122308</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>CONSULTING (QTI GROUP)</Category>
        <Amount>4000</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4000</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>PAYROLL TAXES</Category>
        <Amount>7650</Amount>
        <NetInvestmentIncome>3825</NetInvestmentIncome>
        <DisbursementsCharitablePrps>3825</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>8681</Amount>
        <NetInvestmentIncome>8681</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>