Form 990'-PF Or Section 4947(A)(1) Trust Treated As Private Foundation It NO- Do Not Enter Social Security Numbers on This Form As May Be Made Public

EXTENDED TO NOVEMBER 16, 2015 Return of Private Foundation OMB No 1545-0052 Form 990'-PF or Section 4947(a)(1) Trust Treated as Private Foundation It NO- Do not enter social security numbers on this form as may be made public. Department of the- Treasury it 20 14 Internal Revenue Service ► Information about Form 990-PF and its separate instructions is at www.irs.gov1form990pf. Coen to Public Inspection For calendar yea r 2014 or tax year beoinnina and endina Name of foundation A Employer identification number

ENGELSTAD FAMILY FOUNDATION 80-6008137 Number and street (or P 0 box number if mail is not delivered to street address) Room/-"e B Telephone number 851 S. RAMPART BLVD STE 150 702 732-7102 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here LAS VEGAS , NV 89145-4882 G Check all that apply: El Initial return Initial return of a former public charity D 1. Foreign organizations , check here El Final return LI Amended return 2. Foreigcheck n organizations 85% test, 0 Address chan g e Q Name chan ge chetlc here and attach computacomputationtion H Check type of organization : ® Section 501(c)(3) exempt private foundation E If private foundation status was terminated El Section 4947 (a)( 1 ) nonexem pt charitable trust 0 Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method : El Cash ® Accrual F If the foundation is in a 60 -month termination (from Part 11, col. (c), line 16) 0 Other (specify) under section 507(b)(1)(B), check here 11104 8 4 0 15 4 2 8 7 . (Part 1, column (d) must be on cash basis) Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment ( c) Adjusted net (d) Disburse ements (The total of amounts in columns (b), (c), and (d) may not for (cashch aritable purponly)oses necessarily equal the amounts in column (a) ) expenses per books income income (cashh basis only) 1 Contributions, gifts, grants , etc., received N/A

2 Check ► ® if the foundation is not required to attach Sch 8 Interest on savings and temporary 3 cash investments 19 2 . 19 2 S TATEMENT 1 C, 4 Dividends and interest from securities 21 , 69 9 3525 2.! 21 , 699 , 352: S TATEMENT 2 5a Gross rents 359 , 555. 359 , 555. S TATEMENT 3 b Net rental income or (loss ) 265 483 . S TATEMENT 4 6a Net gain or (loss) from sale of assets not on line 10 43 , 755 , 857. sales for C b Gross price all Z EC assets on line 6a 3 0 ,J5 , 0 5 0 7 O8 7 C y 7 Capital gain net income (from Part IV, line 2) 43 1 755 , 857. L cc 8 Net short-term capital gain U J 9 Income modifications Gross sales less returns 108 and allowances b Less Cost of goods sold c Gross profit or (loss) C 11 Other Income 1 , 872 , 735. 1 , 872 , 735. S TATEMENT 5 12 Total . Add lines 1 throu gh 11 67 , 687 691. 67 , 687 691. 13 Compensation of officers , directors , trustees , etc 350 000 . 122 500 . 0 14 Other employee salaries and wages 167 470 . 0 . 0 . U) 15 Pension plans, employee benefits 85 747 . 0 . 0. 16a Legal fees STMT 6 101 , 561. 10 , 198. 0. b Accounting fees STMT 7 CL 163 , 002. 116 , 323. 0. W c Other professional fees STMT 8 5 , 875 , 812. 5 637 , 003 . 0. 17 Interest 203 781. 203 781. 0. 18 Taxes _ - ., T STMT 9 964 155. 924 519. 0. 24 19 ^Depreclatlorin-•and epletl^ 48 , 518. 47 , 242. E 20 Occupancy (^%t 98 , 706. 0. 0. 21 iravel, conferences , and7meetingsl tn' 4 , 680. 0. 0. 9 t _ I" ^l o '- M C 22 Printing and publications 23 Other expenses -,'STMT 10 7 9 6 7 6 . 37 , 331. 0. . 'v 24 Total operating_and administratlve` C, expenses . Add lines 13 through 23 8 , 143 , 108. 7 , 098 , 897. 0. 0 25 Contributions , gifts, grants paid 31 , 512 , 680. 31 1 512 1 680. 26 Total expenses and disbursements. Add lines 24 and 25 39 655 788. 7 , 098 , 897. 31 512 680. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 28 , 031 , 903. b Net investment income of negative, enter -o-) 6-0- 1 -58--8 , 794. 1 c Adjusted net income if negative, enter -0-) N / A c 11-24-14 LHA For Paperwork Reduction Act Notice, see instructions . Form yyu-rr (2U14) 1 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 E. s, ,, QOn_ot:IOn1n VWty-.T.eman L'AMTT_V VnTThTnArnTr%W Qn_rznnu1'47 13-1) Beginning of year End of year Part II Balance Sheets A^chedschedules andamounts inthedescnpbon column should be for end-of-yearamounts only ( a) Book Value ( b) Book Value (c) Fair Market Value Cash - non-interest -bearing 2 Savings and temporary cash investments 5 , 252 , 892. 12 , 4 5 4 , 195. 12 , 454 , 195. 3 Accounts receivable ► Less: allowance for doubtful accounts ► 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers , directors, trustees, and other disqualified persons

7 Other notes and loans receivable ► 9 , 807 , 077. Less: allowance for doubtful accounts ► 0. 12 , 190 , 636. 9 , 807 , 077. 0. , 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U.S. and state government obligations b Investments - corporate stock STMT 13 723 , 594 , 852. 753 , 001 , 017. 813 , 212 , 129. c Investments - corporate bonds 11 Investments - land, buildings , and equipment basis ► 2 421 , 958 . Less accumulated depreciation STMT 1411- 6 , 441 , 336. 2 , 421 , 958. 510 , 917. 12 Investments - mortgage loans STMT 15 12 , 494 , 418. 5 1 015 , 095. 0. 13 Investments - other STMT 16 17 597 502. 24 832 023. 13 962 186. 14 Land, buildings, and equipment basis ► 25 , 143 . Less accumulated depreciation STMT 17 ► 17 , 541. 8 878. 7 , 602. 7 , 602. 15 Other assets (describe ► STATEMENT 18 ) 19 , 258. 7 , 258. 7 2 5 8. 16 Total assets (to be completed by all filers - see the instructions . Also see p ag e 1 Item I 777 599 772. 807 546 225. 840 154 287. 17 Accounts payable and accrued expenses 360. 18 Grants payable u) 19 Deferred revenue •'= 20 Loans from officers , directors, trustees , and other disqualified persons m 21 Mortgages and other notes payable 9 , 700 , 000. J 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throw h 22 ) 9 , 700 , 360. 0. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 767 , 899 , 412. 88007 , 554-66 , 225. s 25 Temporarily restricted on 26 Permanently restricted r_ Foundations that do not follow SFAS 117, check here ► 0 and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds y 28 Paid -in or capital surplus, or land , bldg., and equipment fund a 29 Retained earnings , accumulated income, endowment, or other funds Z 30 Total net assets or fund balances 767 899 412. 807 546 225.

31 Total liabilities and net assets/fund balances 777 599 772. 807 , 546 , 225. 1 Part III Analysis of Changes in Net Assets or Fund Balances

I Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 767 899 412 . 2 Enter amount from Part I, line 27a 2 28 031 903 . 3 Other increases not included in line 2 (itemize) ► SEE STATEMENT 11 3 12 , 810 515. 4 Add lines 1, 2, and 3 4 808 , 741 , 830. 5 Decreases not included in line 2 (itemize) ► SEE STATEMENT 12 5 1 , 195 , 605. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 . 6 8 0 7 , 5 4 6 , 225. Form 990-PF (2014) 423511 11-24-14 2 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF (2014) ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 3 Part IV I • Ca pital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e.g., real estate, (b How acquired (c) Date acquired (d) Date sold ^ - Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo., day, yr.) la b SEE ATTACHED STATEMENTS C d e Depreciation allowed Cost or other (e) Gross sales price (f) (g) basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e 305 , 050 , 787. 1 1 261 294 930. 43 755 , 857. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus col. less or (j) Adjusted basis (k) Excess of col. (Q (Lossbut (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (1), if any es (from col. (h)) a b c d e 43 755 , 857. If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 43 755 , 857. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If loss enter -0- in Part I line 8 3 N / A Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes ® No If 'Yes"the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see the instructions before making any entries.

Base pe r iod years (c) Distribution ratio Calendar year or tax year beginning in ) Adjusted qualifying( distributions Net value of noncharitable-use assets (col. (b) divided by col. (c)) 2013 11 080 823. 777 344 565. .014255 2012 26 338 086. 710 959 679. .037046 2011 20 587 363. 703 700 990. .029256 2010 17 915 796. 707 483 683. .025323 2009 28 003 197. 538 457 025. .052006

2 Total of line 1, column (d) 2 .157886 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years 3 .031577

4 Enter the net value of nonchantable-use assets for 2014 from Part X, line 5 4 832 267 , 029.

5 Multiply line 4 by line 3 5 26 280 , 496 .

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 605 , 888.

7 Addlines5and6 7 26 , 886 384.

8 Enter qualifying distributions from Part XII, line 4 8 31 , 512 , 680. If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

423521 11-24 - 14 Form 990-PF (2014)

10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF (2014) ENGELSTAD FAMILY FOUNDATION 80-6008137 Paae 4 Part VI • Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) la Exempt operating foundations in described section 4940(d)(2), check here ► and enter 'N/A' on line 1. date of ruling or determination letter: ( attach copy of letter if necessary-see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► ® and enter 1% 1 605 , 888. of Part I, line 27b c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b). 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0. 3 Add lines 1 and 2 3 605 , 888. 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0. 5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 605 , 888. 6 Credits/Payments: a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 310 , 582. b Exempt foreign organizations - tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) 6c 850 , 000 . d Backup withholding erroneously withheld 6d 50 . 7 Total credits and payments. Add lines 6a through 6d 7 1 , 160 , 632. 8 Enter any penalty for underpayment of estimated tax. Check here ® if Form 2220 is attached 8 4 , 740. 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 10 Overpayment . If line 7 is more than the total of lines and 5 8, enter the amount overpaid ► 10 550 , 004. 11 Enter the amount of line 10 to be: Credited to 2015 estimated tax 110, 5 5 0 0 0 4 . 1 Refunded Illoo, 11 0. Part VII-A I Statements Regarding Activities la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No any political campaign? X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for the definition)? If the answer is "Yes" to la or 1b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities. c Did the foundation file Form 1120-POL for this year? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: On the foundation. $ (1) ► 0. (2) On foundation managers. ► $ 0. e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers. ► $ 0. 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 21 IX If "Yes," attach a detailed description of the activities 3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 3 X 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X b If "Yes; has it filed a tax return on Form 990-T for this year? 4b X 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X If "Yes, " attach the statement required by General Instruction T. 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either: • By language in the governing instrument, or • By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? 6 X 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part ll, col. (c), and Part XV 7 X

Enter the states to which 8a the foundation reports or with which it is registered (see instructions) ►

b If the answer is 'Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No, " attach explanation _ 8b X 9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)? If "Yes," complete Part XIV 9 X 10 X Form 990-PF (2014)

423531 11-24-14 4 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 VIIII UJV-II % GV I't GL1 CLL71LJL CL.L`11L1 C %JU"LLLI I%J" OV-VV V0.LJI rAC0 Part VII-A Statements Regarding Activities (continued) 11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? If "Yes; attach schedule (see instructions) 11 X 12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges? If 'Yes,' attach statement (see instructions) 12 X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application2 N/A 13 Website address ► N/A 14 The books are in care of ► W. CRAIG RAMOS Telephone no. ► ( 702 ) 3 8 5 - 4 6 4 6 Located at ► 718 S. 8TH STREET, LAS VEGAS, NV ZIP+4 ►8 9101 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ► Q and enter the amount of tax-exempt interest received or accrued during the year ► 15 N/A 16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over a bank, Yes No securities, or other financial account in a foreign country? 16 X See the instructions for exceptions and filing requirements for FinCEN Form 114, (formerly TD F 90-22.1). If 'Yes; enter the name of the foreig n countrv 10,- Part VII- B Statements Regarding Activities for Which Form 4720 May Be Required File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No la During the year did the foundation (either directly or indirectly): (1) Engage in the sale or exchange, or leasing of property with a disqualified person? = Yes ® No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? 0 Yes ® No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? 0 Yes ® No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ® Yes = No (5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? Yes ® No (6) Agree to pay money or property to a government officials ( Exception . Check "No" if the foundation agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days.) Yes ® No b If any answer is "Yes" to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? 1b X Organizations relying on a current notice regarding disaster assistance check here ► c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 20142 1c X 2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation defined in section 4942(j)(3) or 4942(l)(5)): a At the end of tax year 2014, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 20149 Yes ® No If 'Yes," list the years ► b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement - see instructions.) N/A 2b c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year'? Yes 0 No b If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in 2014) 3b X 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beg innin g 2014? 4b X Form 990-PF (2014)

423541 11-24-14 5 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF 2014 ENGELSTAD FAMILY FOUNDATION 80-6008137 Pag e 6 Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required (continued) 5a During the year did the foundation pay or incur any amount to: (1) Carry on propaganda, or otherwise attempt to influence legislation ( section 4945(e))? 0 Yes ® No (2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on, directly or indirectly, any voter registration drive? E-11 Yes ® No (3) Provide a grant to an individual for travel, study, or other similar purposes? 0 Yes ® No (4) Provide a grant to an organization other than a charitable , etc., organization described in section 4945(d)(4)(A)? ( see instructions ) 0 Yes ® No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? = Yes ® No b If any answer is 'Yes" to 5a(1)-(5), did any of the transactions fail to quality under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance ( see instructions )? N/A 5b Organizations relying on a current notice regarding disaster assistance check here ► 0 c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grant? N/A 0 Yes 0 No If "Yes, " attach the statement required by Regulations section 53.4945-5(d) 6a Did the foundation , during the year, receive any funds , directly or indirectly, to pay premiums on a personal benefit contract? Yes ® No b Did the foundation , during the year, pay premiums, directly or indirectly, on a personal benefit contract? _ 6b X If "Yes" to 6b, file Form 8870. 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? Yes ® No b If 'Yes ," did the foundation receive any p roceeds or have an y net income attributable to the transaction? N /A 7b Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees , and Contractors i List all officers . directors . trustees , foundation managers and their comoensation. Title, and (c) Compensation ( d^ Contnbutonsto ense (b) average empoyeebeneftplans (e)Exp (a) Name and address hours per week devoted (If not paid , and deferred accoun t, other to position enter -0 compensation allowances BETTY ENGELSTAD PRESIDENT/TRU S TEE 851 S. RAMPART BLVD. , STE 150 LAS VEGAS , NV 89145 5. 00 0. 0. 0. JEFFREY COOPER TREASURER/TRU STEE 5851 WEST CHARLESTON BLVD. LAS VEGAS , NV 89146 30.00 175 000. 0. 0. KRIS MCGARRY ICE PRESIDE /TRUSTEE 851 S. RAMPART BLVD. , STE 150 LAS VEGAS , NV 89145 30.00 175 000. 0. 0.

2 Compensation of five hiahest-paid emolovees lother than those included on line 11- If none. enter "NONE." (d)Contnbubonsto ( pense (b) Title, and average employee plans e) Ex (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation deferred account, other devoted to position p compensateon allowances NONE

Total number of other employees paid over $50,000 ► 1 0 Form 990-PF (2014)

423551 11-24-14 6 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF 2014 ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 7 Part VIII • Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) 3 Five highest-paid independent contractors for professional services. If none, enter "NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation ALLISON SERAFIN - 11035 LAVENDER HILL DR , STE 160-180 , LAS VEGAS , NV 89135 CONSULTING 150 , 000. W CRAIG RAMOS LTD. 718 S. 8TH STREET , LAS VEGAS , NV 89101 ACCOUNTING 116 323. FABIAN & CLENDENIN - 215 SOUTH STATE ST , STE 1200 , SALT LAKE CITY , UT 84111 L EGAL 86 , 965. ANDREW BRAY 1242 SCRUB OAK CIRCLE , BOULDER , CO 80305 CONSULTING 61 , 309. BRADSHAW , SMITH & CO. , LLP 5851 W CHARLESTON BLVD LAS VEGAS , NV 89146 CCOUNTING 46 , 679. Total number of others receivin g over $50,000 for p rofessional services ► 0 Part IX-A Summary of Direct Charitable Activities List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the Expenses number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. N/A

Part IX- B Summa ry of Program- Related Investments Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount 1 N/A

All other program-related investments. See instructions. 3

Total. Add lines 1 through 3 ► 0. Form 990-PF (2014)

423561 11-24-14 7 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF 2014 ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 8

Tar-" Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes: a Average monthly fair market value of securities 821,247,473. b Average of monthly cash balances 9,220,570. c Fair market value of all other assets 14,473,103. d Total (add lines la, b, and c) 844,941,146. e Reduction claimed for blockage or other factors reported on lines la and 1c (attach detailed explanation) le 0. 2 Acquisition indebtedness applicable to line 1 assets 0. 3 Subtract line 2 from line 1d 844,941,146. 4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 12,674,117. 5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 832,267,029. 41.613.351. P art XI Distributable Amount (see instructions) (Section 4942())(3) and (1)(5) private operating foundations and certain foreign organizations check here . and do not com plete this part.) 1 Minimum investment return from Part X, line 6 1 41 , 613 , 351. 2a Tax on investment income for 2014 from Part VI, line 5 2a 605 , 888-1. b Income tax for 2014. (This does not include the tax from Part VI.) 2b c Add lines 2a and 2b 2c 605 , 888 . 3 Distributable amount before adjustments. Subtract line 2c from line 1 3 41 , 007 , 463 . 4 Recoveries of amounts treated as qualifying distributions 4 0 . 5 Addlines3and4 5 41 007 463. 6 Deduction from distributable amount (see instructions) 6 0 . 7 Distributable amount as adiusted. Subtract line 6 from line 5. Enter here and on Part XIII- line 1 7 41.007.463 . XII Part I Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 1 a 31 , 512 , 680. b Program-related investments - total from Part IX-B 1 b 0. 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 3 Amounts set aside for specific charitable projects that satisfy the: a Suitability test (prior IRS approval required) 3a b Cash distribution test (attach the required schedule) 3b 4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 31 , 512 , 680. 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Part I, line 27b 5 605 , 888. 6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 30 , 906 , 792. Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation q ualifie s for the section 4940(e) reduction of tax in those years. Form 990-PF (2014)

423571 11-24-14 8 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF (2014) ENGELSTAD FAMILY FOUNDATION 80-6008137 Pane 9 - Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d) Corpus Years prior to 2013 2013 2014 1 Distributable amount for 2014 from Part XI, IIne7 41 007 463. 2 Undistributed income, if any, as of the end of 2014 a Enter amount for 2013 only 26 , 8 8 3 , 164. b Total for prior years: 0. 3 Excess distributions carryover, if any, to 2014: a From 2009 b From 2010 c From 2011 d From 2012 e From 2013 f Total of lines 3a throug h e 0. 4 Qualifying distributions for 2014 from Part Xll, line 4: ► $ 31 512 6 8 0 . a Applied to 2013, but not more than line 2a 26 , 8 8 3 , 164 . b Applied to undistributed income of prior years (Election required - see instructions) 0. c Treated as distributions out of corpus (Election required - see instructions) 0. d Applied to 2014 distributable amount 4 , 629 , 516. e Remaining amount distributed out of corpus 0.1 5 Excess distributions carryover applied to 2014 (if an amount appears in column (d), the same amount must be shown in column (a) ) 6 Enter the net total of each column as indicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 b Prior years' undistributed income. Subtract line 4b from line 2b c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed 0. d Subtract line 6c from line 6b. Taxable amount - see instructions 0. e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount - see Instr. 0. f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) 8 Excess distributions carryover from 2009 not applied on line 5 or line 7 9 Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a 10 Analysis of line 9: a Excess from 2010 b Excess from 2011 c Excess from 2012 d Excess from 2013 e Excess from 2014 11-24-14 Form 990-PF (2014) 9 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF ( 2014 ) ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 10 Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2014, enter the date of the ruling 1111111- b Check box to indicate whether the foundation is a p rivate o eratm foundation described in 2 a Enter the lesser of the adjusted net Tax year Prior 3 years income from Part I or the minimum (a) 2014 (b) 2013 (c) 2012 (d) 2011 ( e) Total investment return from Part X for each year listed b 85% of line 2a c Qualifying distributions from Part XII, line 4 for each year listed d Amounts included in line 2c not used directly for active conduct of exempt activities e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c 3 Complete 3a, b, or c for the alternative test relied upon: a 'Assets' alternative test - enter: (1) Value of all assets (2) Value of assets qualifying under section 4942(j)(3)(B)(i) b 'Endowment" alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed c 'Support" alternative test - enter: (1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) (2) Support from general public and 5 or more exempt organizations as provided in section 4942(I)(3)(B)(ii) (3) Largest amount of support from an exempt organization

Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see instructions.) 1 Information Regarding Foundation Managers: a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest. NONE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here ► ® if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d. a The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

423601 11-24-14 Form 990-PF (2014) 10 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF 2014 ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 11 Part XV Supplementary Information (continued) 3 Grants and Contributions Paid Durin g the Year or Approved for Future Pa ent Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or of Amount Name and address (home or business) any foundation manager status contribution or substantial contributor recipient a Paid during the year

"I HAVE A DREAM" FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 6841 SOUTH EASTERN AVENUE, SUITE 104 LAS VEGAS Nv 89119 100 000.

AMERICAN FEDERATION OF POLICE & ONE PUBLIC CHARITY PROGRAM SUPPORT CONCERNED CITIZENS 6350 HORIZON DR

TITUSVILLE FL 32780 50.

ANGEL FLIGHT WEST ONE PUBLIC CHARITY PROGRAM SUPPORT 3161 DONALD DOUGLAS LOOP SOUTH SANTA MONICA CA 90405 10 , 000.

ASSISTANCE LEAGUE OF LAS VEGAS ONE PUBLIC CHARITY PROGRAM SUPPORT 6646 W CHARLESTON BLVD LAS VEGAS NV 89146 150 000.

BACOT/MCCARTY FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 1442 PASCAGOULA MS 39568 200 000 , Total SEE CONTINUATION SHEET S ► 3a 31 512 680 , b Approved for future payment

NONE

Total ► 3b 1 0. Form 990-PF (2014) 423611 11-24-14

11 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF (2014) ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 12 • Part XVI -A Analysis of Income - Producing Activities

Enter gross amounts unless otherwise indicated . unreiate a business income Exclu ded by section 512 , 513, or 514 (e) (a) (b) EXCL (d) Related or exempt Business 1 Program service revenue: code Amount Ada Amount function income a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments 3 Interest on savings and temporary cash investments 14 192. 4 Dividends and interest from securities 14 21 699 , 352. 5 Net rental income or ( loss) from real estate: a Debt-financed property b Not debt-financed property 16 118 , 868. 6 Net rental income or (loss ) from personal property 16 146 , 615. 7 Other investment income 01 1 872 , 735. 8 Gain or (loss) from sales of assets other than inventory 18 43 , 755 , 857. 9 Net income or (loss) from special events 10 Gross profit or ( loss) from sales of inventory 11 Other revenue: a b c d e 12 Subtotal. Add columns ( b), (d), and (e) 0. 67 593 , 61 9. 0. 13 Total . Add line 12, columns (b), (d), and (e) _ 13 67 ,593,619. (See worksheet in line 13 instructions to verify calculations.) Part XVI -B Relationship of Activities to the Accomplishment of Exempt Purposes

12 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 Form 990-PF ( 2014 ) ENGELSTAD FAMILY FOUNDATION 80-6008137 Page 13 Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations bid the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations a Transfers from the reporting foundation to a noncharitable exempt organization of. (1) Cash la( l ) X (2) Other assets la(2 ) X b Other transactions: (1) Sales of assets to a noncharitable exempt organization 1b 1 X (2) Purchases of assets from a noncharltable exempt organization lb (2 )1 X (3) Rental of facilities, equipment, or other assets lb ( 3 )1 X (4) Reimbursement arrangements lb(4) X (5) Loans or loan guarantees lb ( 5 ) (6) Performance of services or membership or fundraising solicitations lb ( 6 ) X Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X If the answer to any of the above is 'Yes; complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described In section 501 (c) of the Code ( other than section 501(c)(3 )) or in section 5279 L1 Yes ®No the (a) Name of organization I (b) Type of organization I (c) Description of relationship

Under penalties of perjury, I declare that I have examined this return . including accompanym schedules and statements , and to the best of my knowledge May the IRS discuss this and belief , it is true , correct, and complete Declaration of PreParer (other than taxpayer) I^ b sad on all information of which preparer has any knowledge Sign return with the preparer Here / Sig ture of o er or tru Date Print/Type preparer's name Preparers sl ature

Paid JEFFREY COOPER

10451116 CONTINUATION FOR 990-PF, PART IV ENGELSTAD FAMILY FOUNDATION 80-6008137 PAGE 1 OF 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold, e.g., real estate, (b How acquired (c) Date acquired (d) Date sold D - Purchase yr.) (mo., 2-story brick warehouse; or common stock, 200 shs. MLC Co. D - Doonationnation No., day, day, yr.) la NORTHERN TRUST #26- 19723 P VARIOUS VARIOUS b NORTHERN TRUST #26- 19723 P VARIOUS VARIOUS c NORTHERN TRUST #26- 29750 P VARIOUS VARIOUS d NORTHERN TRUST #26- 45366 P VARIOUS VARIOUS e NORTHERN TRUST #26- 45366 P VARIOUS VARIOUS f NORTHERN TRUST #26- 45367 P VARIOUS VARIOUS NORTHERN TRUST #26- 45367 P VARIOUS VARIOUS h NORTHERN TRUST #26- 49734 P VARIOUS VARIOUS i NORTHERN TRUST #26- 49734 P VARIOUS VARIOUS NORTHERN TRUST #26- 50922 P VARIOUS VARIOUS k NORTHERN TRUST #26- 50922 P VARIOUS VARIOUS I NORTHERN TRUST #26- 71648 P VARIOUS VARIOUS m NORTHERN TRUST #26- 71648 P VARIOUS VARIOUS n NORTHERN TRUST #26- 74242 P VARIOUS VARIOUS o NORTHERN TRUST #26- 74242 P VARIOUS VARIOUS f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price ( (or allowable ) plus expense of sale (e) plus (f) minus (g) a 2 , 427 , 330. 2 , 437 , 092. <9 , 762.: b 2 , 306 , 901. 1 , 977 , 723. 329 178. c 2 , 124 , 279. 2 , 133 , 240 . <8 , 961.: d 182 105. 158 098. 24 , 007. e 308 049. 344 560. <36 , 511. : f 100 514. 114 298. <13 , 784. 141 912. 88 , 301 53 , 611. h 1 , 972 , 800. 1 789 767.* 183 033. 677 122. 632 232. 44 , 890. 4 , 511 , 918. 4 , 129 , 368. 382 550. k 1 , 176 , 219. 826 , 992 .t 349 227. 3 , 253 , 367. 3 , 251 , 971. 1 , 396. in 2 , 908 , 008 . 2 , 219 , 689. 688 319. n 3 , 040 , 815. 3 , 243 , 522. <202 , 707. o 3 , 604 , 602. 2 , 949 , 623. 654 979. Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses (from col. (h)) (j) Adjusted basis (k) Excess of col. (1) Gains (excess of col. (h ) gain over col. (k), (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any but not less than "-0-") a <9 , 762. b 329 178. c <8 , 961. d 24 , 007. e <36 , 511. f <13 , 784. 53 , 611. h 183 033. 44 , 890. 382 550. k 349 227. 1 , 396. in 688 319. n <202 , 707. 0 654 979.

If gain, also enter in Part I, line 7 2 Capital gain net income or ( net capital loss ) t If (loss ), enter ' 0= in Part I , line 7 1 2 3 Net short-term capital gain or (loss ) as defined in sections 1222(5 ) and (6): If gain, also enter in Part I, line 8, column (c). If (loss), enter'-O-' in Part I, line 8 3

423591 05-01-14 14 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 CONTINUATION FOR 990-PF, PART IV ENGELSTAD FAMILY FOUNDATION 80-6008137 PAGE 2 OF 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold, e.g., real estate , ( b How acquired (c) Date acquired (d) Date sold Purchase (mo., 2-story brick warehouse ; or common stock, 200 shs. MLC Co. D Donation day, yr.) (mo., day, yr.) la NORTHERN TRUST #26-81623 P VARIOUS VARIOUS bNORTHERN TRUST #26-81623 P VARIOUS VARIOUS c NORTHERN TRUST #26-91858 P VARIOUS VARIOUS dNORTHERN TRUST #26-99321 P VARIOUS VARIOUS e NORTHERN TRUST #26-99321 P VARIOUSVARIOUS f NORTHERN TRUST #26-99952 P VARIOUS VARIOUS g NORTHERN TRUST #26-99952 P VARIOUS VARIOUS h NORTHERN TRUST #26-99957 P VARIOUS VARIOUS i NORTHERN TRUST #26-99957 P VARIOUS VARIOUS NORTHERN TRUST #26-99959 P VARIOUS VARIOUS k NORTHERN TRUST #26-99959 P VARIOUS VARIOUS INORTHERN TRUST #26-99960 P VARIOUS TTC! mNORTHERN TRUST #26-99960 P VARIOUS VARIOUS n NORTHERN TRUST #26-99961 P VARIOUS VARIOUS o FIDELITY P VAR TOTTR VARIOUS f) Depreciation allowed (g) Cost or other basis ( h) Gain or (loss) (e) Gross sales price ( (or allowable ) plus expense of sale (e) plus (f) minus (g) a 75 , 400. 74 , 071. 1 , 329. b 2 , 663 , 575. 2 , 562 , 579. 100 996. c 3 , 871 , 211. 3 , 500 , 000. 371 211. d 3 , 117 , 094. 3 , 073 , 538. 43 , 556. e 2 , 945 , 997. 1 , 876 , 889. 1 , 069 , 108. f 129 709. 129 071. 638. 5 , 063 , 206. 4 , 795 , 682. 267 524. h 126 629. 138 509. <11 , 880.: 1 , 007 , 792. 518 254. 489 538. 282 352. 334 737. <52 , 385. : k 1 , 401 , 506. 878 233. 523 273. 1 602 024. 590 485. 11 , 539. m 432 423. 609 462. <177 , 039. n 1 , 300 , 000. 1 , 966 , 476. <666 , 476. o 12 571 621. 10 690 598. 1 , 881 , 023. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Losses (from col. (h)) (j) Adjusted basis (k) Excess of col. (1) Gains (excess of col. (h) gain over col. (k), (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (1), if any but not less than "-o-') a 1 , 329. b 100 996. c 371 211. d 43 , 556. e 1 , 069 , 108. f 638. 267 524. h <11 , 880. 489 538. <52 , 385. k 523 273. 1 11 , 539. m <177 , 039. n <666 , 476. 0 1 , 881 , 023.

2 Capital gain net income or ( net capital loss) t If (lolss ), lenter t0 !nn art I, line 7 } 2 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). Jp If (loss), enter'-0- in Part I , line 8 3

423591 05-01-14 15 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 CONTINUATION FOR 990-PF, PART IV ENGELSTAD FAMILY FOUNDATION 80-6008137 PAGE 3 OF 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind (s) of property sold, e.g., real estate, (b How acquired (c Date acquired ( d) Date sold Purchase ^mo., 2-story brick warehouse ; or common stock , 200 shs. MLC Co. D Donation day, yr.) (mo., day, yr.) la 7909 CARMENCITA AVE P VARIOUS 06/02/14 b IP HOLDING INC P VARIOUS 12/31/14 c ABBOT DOWNING P VARIOUS VARIOUS d ABBOT DOWNING P VARIOUS VARIOUS eCALLAN/BNY MELLON P VARIOUS VARIOUS f CALLAN/BNY MELLON P VARIOUS VARIOUS PASSTHROUGH FROM INVESTMENTS P VARIOUS VARIOUS h PASSTHROUGH FROM INVESTMENTS P VARIOUS VARIOUS iPASSTHROUGH FROM INVESTMENTS - SEC 1231 P VARIOUS VARIOUS PASSTHROUGH FROM INVESTMENTS - SEC 1256 P VARIOUS VARIOUS k PASSTHROUGH FROM INVESTMENTS - SEC 1256 P VARIOUS VARIOUS ICAPITAL GAINS DIVIDENDS m n 0 f) Depreciation allowed ( g) Cost or other basis (h) Gain or (loss) (e) Gross sales price ( (or allowable ) plus expense of sale ( e) plus (f) minus (g) a 365 500. 1 , 293 , 614. <928 , 114.: b 283 184. <283 , 184.: c 5 , 606 , 945. 5 , 679 , 769. <72 , 824.: d 36 652 545. 35 181 385. 1 , 471 , 160. e 13 170 803. 12 018 631. 1 , 152 , 172. f 163 065 825. 148 800 942. 14 264 883. 152 812. 152 812. h 19 618 658. 19 618 658. 122 321. 122 321. 938. <938.: k 1 , 407. <1 , 407.: 1 , 968 , 898. 1 , 968 , 898. m n 0 Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( I) Losses (from col. (h)) (j) Adjusted basis (k) Excess of col. (i) Gains (excess of col. (h ) gain over col. (k), (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (1), if any but not less than "-0-") a <928 , 114. b <283 , 184. c <72 , 824. d 1 , 471 , 160. e 1 , 152 , 172. f 14 264 883. 152 812. h 19 618 658. 122 321. <938. k <1 , 407. 1 , 968 , 898. m n 0

If gain , also enter in Part I, line 7 2 Capital gam net income or ( net capital loss ) ^ If (loss ), enter'-0- in Part I , line 7 2 43 , 755 , 857. 3 Net short-term capital gain or (loss ) as defined in sections 1222(5) and (6): If gain, also enter in Part 1, line 8, column (c). JD If (loss), enter'-0- in Part I , line 8 3 N / A

423591 05-01-14 16 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 ENGELSTAD FAMILY FOUNDATION 80-6008137 Part XV Supplementary Information 3 Grants and Contributions Paid During the Year (Continuation) Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or status of Amount Name and address (home or business) any foundation manager contribution or substantial contributor recipient

BEST BUDDIES NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 500 NORTH RAINBOW BLVD, SUITE 314 LAS VEGAS , NV 89107 250 000.

BILOXI EXCEL BY 5 ONE PUBLIC CHARITY PROGRAM SUPPORT 140 ST. JOHN AVENUE BILOXI , MS 39530 10 , 000.

BILOXI FIRST ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 982 BILOXI MS 39533 25000.

BISHOP GORMAN DEVELOPMENT CORPORATION ONE PUBLIC CHARITY PROGRAM SUPPORT PO BOX 18316 LAS VEGAS , NV 89114 2 400 000.

BISHOP GORMAN HIGH SCHOOL ONE PUBLIC CHARITY PROGRAM SUPPORT 1801 S. MARYLAND PKWY. LAS VEGAS , NV 89104 191 900.

BOY SCOUTS OF AMERICA LAS VEGAS AREA ONE PUBLIC CHARITY PROGRAM SUPPORT COUNCIL 7220 SOUTH PARADISE ROAD LAS VEGAS NV 89119 2 , 500.

BOYS AND GIRLS CLUB OF GULF COAST ONE PUBLIC CHARITY PROGRAM SUPPORT 11975-A160 SEAWAY RD GULFPORT , MS 39503 60000.

BOYS AND GIRLS CLUB OF SOUTHERN ONE PUBLIC CHARITY PROGRAM SUPPORT NEVADA 2850 LINDELL RD LAS VEGAS , NV 89146 2 , 500.

BOYS TOWN NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 821 N. MOJAVE RD. LAS VEGAS , NV 89101 1 , 000 , 000.

BRIGHAM YOUNG UNIVERSITY - HAWAII ONE PUBLIC CHARITY PROGRAM SUPPORT 55-220 KULANUI ST LAIE HI 96762 30 , 000. Total from continuation sheets 31 052 630 ,

423631 05-01-14

17 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 ENGELSTAD FAMILY FOUNDATION 80-6008137 Part XV Supplementary Information 3 Grants and Contributions Paid During the Year (Continuation) Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or contribution Amount Name and address (home or business) any foundation manager status of or substantial contributor recipient

CANDLELIGHTERS FOR CHILDHOOD CANCER ONE PUBLIC CHARITY PROGRAM SUPPORT 601 S RANCHO DRIVE SUITE B-11 LAS VEGAS NV 89106 250 000.

CASA OF HARRISON COUNTY ONE PUBLIC CHARITY PROGRAM SUPPORT 47 MAPLES DRIVE GULFPORT MS 39507 25 , 000.

CATHOLIC CHARITIES OF SOUTHERN NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 1501 LAS VEGAS BOULEVARD NORTH LAS VEGAS NV 89101 750 000.

CHILDREN'S FREE CLINIC OF SOUTHERN ONE PUBLIC CHARITY PROGRAM SUPPORT NEVADA 1140 ALMOND TREE IN, STE 306 LAS VEGAS NV 89104 5000.

DESTIN CHARITY WINE AUCTION ONE PUBLIC CHARITY PROGRAM SUPPORT FOUNDATION 3997 COMMONS DRIVE W, SUITE K

DESTIN FL 32541 10 . 000.

DOWNTOWN LAS VEGAS SOCCER CLUB ONE PUBLIC CHARITY PROGRAM SUPPORT 922 S VALLEY VIEW BLVD LAS VEGAS , NV 89107 48 000.

EMERALD COAST FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT PO BOX 1208 FORT WALTON FL 32549 20 , 000.

EPICUREAN CHARITABLE FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 6765 S EASTERN AVE, STE 1 LAS VEGAS , NV 89119 5 , 000.

EYE CARE 4 KIDS ONE PUBLIC CHARITY PROGRAM SUPPORT 6911 SOUTH STATE STREET SALT LAKE CITY , UT 84047 475 000.

FORWARD FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 1202 28TH ST S FARGO ND 58106 110 000. Total from continuation sheets

423631 05-01-14

18 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 ENGELSTAD FAMILY FOUNDATION 80-6008137 Part XV Supplementary Information 3 Grants and Contributions Paid During the Year (Continuation) Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or Amount Name and address (home or business) any foundation manager status of contribution or substantial contributor recipient

GOODIE TWO SHOES FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 1620 SOUTHERN HIGHLANDS PKWY, SUITE 110-474 LAS VEGAS . NV 89141 125 000.

GRAND FORKS PARK DISTRICT FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 1210 7TH AVENUE SOUTH GRAND FORKS ND 58201 9 , 450.

GULF COAST CHRISTIAN LIFE CENTER ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 6883 GULFPORT MS 39506 20 000.

GULF COAST FOR KIDS ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 758 PASCAGOULA MS 39568 25 000.

GULF COAST HEALTH EDUCATORS ONE PUBLIC CHARITY PROGRAM SUPPORT 212 E. SECOND STREET, SUITE A PASS CHRISTIAN MS 39571 25 , 000.

GULF COAST SYMPHONY ORCHESTRA ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 542 BILOXI MS 39505 11_000.

GULF COAST WOMEN'S CENTER FOR ONE PUBLIC CHARITY PROGRAM SUPPORT NONVIOLENCE P.O. BOX 333 BILOXI , MS 39533 10 _000.

GULFPORT POLICE ATHLETIC LEAGUE ONE PUBLIC CHARITY PROGRAM SUPPORT 5001 OLD PASS ROAD GULFPORT MS 39501 15 , 000.

HELPING HANDS OF VEGAS VALLEY ONE PUBLIC CHARITY PROGRAM SUPPORT 2320 PASSEO DEL PRADO, BLDG B, #204 LAS VEGAS NV 89102 75 , 000.

HEMOPHILIA FOUNDATION OF NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 7473 W. LAKE MEAD BLVD., SUITE 100 LAS VEGAS NV 89128 16 . 000. Total from continuation sheets

423631 05-01-14 19 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 ENGELSTAD FAMILY FOUNDATION 80-6008137 Part XV Supplementary Information 3 Grants and Contributions Paid During the Year (Continuation) Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or status of contribution Amount Name and address (home or business) any foundation manager or substantial contributor recipient

HOPE COMMUNITY DEVELOPMENT AGENCY ONE PUBLIC CHARITY PROGRAM SUPPORT 425 DIVISION STREET BILOXI MS 39530 10 000.

HUMANE SOCIETY OF SOUTHERN ONE PUBLIC CHARITY PROGRAM SUPPORT MISSISSIPPI 2615 HWY 49 GULFPORT MS 39501 5 , 000.

HUNTRIDGE TEEN CLINIC ONE PUBLIC CHARITY PROGRAM SUPPORT 2100 S. MARYLAND PKWY, STE 1 LAS VEGAS NV 89104-3225 10 , 000.

JAYCEES SENIOR CITIZEN COMMUNITY ONE PUBLIC CHARITY PROGRAM SUPPORT 5805 W HARMON AVE LAS VEGAS , NV 89103 20 , 000.

JDRF ONE PUBLIC CHARITY PROGRAM SUPPORT 26 BROADWAY, 14TH FLOOR NEW YORK NY 10004 100 000.

JEWISH FEDERATION OF LAS VEGAS ONE PUBLIC CHARITY PROGRAM SUPPORT 2317 RENAISSANCE DRIVE LAS VEGAS NV 89119 65 , 000.

LAS VEGAS METROPOLITAN POLICE ONE PUBLIC CHARITY PROGRAM SUPPORT FOUNDATION 801 SOUTH RANCHO, SUITE A-1 LAS VEGAS , NV 89106 18 , 000.

LAS VEGAS ROTARY FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT PO BOX 15152 LAS VEGAS NV 89114 15 , 500.

LEAGUE OF WOMEN VOTERS EDUCATION FUND ONE PUBLIC CHARITY PROGRAM SUPPORT 1730 M STREET NW, SUITE 1000 WASHINGTON DC 20036-4508 2 , 500.

LITERACY INC ONE PUBLIC CHARITY PROGRAM SUPPORT 5030 BROADWAY, STE 641 NEW YORK NY 10034 5 , 000. Total from continuation sheets

423631 05-01-14 20 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 ENGELSTAD FAMILY FOUNDATION 80-6008137 Part XV Supple mentary Information 3 Grants and Contributions Paid During the Year (Continuation) Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or Amount Name and address (home or business) any foundation manager status of contribution or substantial contributor recipient

LYNN MEADOWS DISCOVERY CENTER ONE PUBLIC CHARITY PROGRAM SUPPORT 246 DOLAN AVENUE GULFPORT , MS 39507 20 , 000.

MAKE A WISH FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 97104 WASHINGTON . DC 200907104 11 500.

MARCH OF DIMES ONE PUBLIC CHARITY PROGRAM SUPPORT 10 RIVER BEND PLACE SUITE 310 FLOWOOD MS 39232 20000.

MENTAL HEALTH ASSOCIATION ONE PUBLIC CHARITY PROGRAM SUPPORT 2628 EXECUTIVE PLACE BILOXI , MS 39531 15 , 000.

METRO SPORTS FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 4802 AMBER VALLEY PARKWAY FARGO ND 58103 1 000 000.

MISSISSIPPI CENTERS FOR AUTISM AND ONE PUBLIC CHARITY PROGRAM SUPPORT RELATED DEV DISABILITIES 1535 WESTERN AVE ALBANY , NY 12203 10 . 000.

MISSISSIPPI GULF COAST CHAMBER OF ONE PUBLIC CHARITY PROGRAM SUPPORT COMMERCE 11975 E SEAWAY ROAD GULFPORT MS 39503 35 , 000.

MISSISSIPPI GULF RESORT CLASSIC ONE PUBLIC CHARITY PROGRAM SUPPORT FOUNDATION 11975 SEAWAY ROAD A228 GULFPORT , MS 39503 32000.

MS GULF COAST SENIOR PROM FUND ONE PUBLIC CHARITY PROGRAM SUPPORT 9229 HIGHWAY 49 GULFPORT MS 39503 30 , 000.

MUSCULAR DYSTROPHY ASSOCIATION ONE PUBLIC CHARITY ROGRAM SUPPORT 222 S RIVERSIDE PLAZA, STE 1500 CHICAGO , IL 60606 10 , 000. Total from continuation sheets

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NAACP ONE PUBLIC CHARITY PROGRAM SUPPORT 4805 MT. HOPE DRIVE BALTIMORE . ND 21215 20 , 000.

NATIONAL ASSOCIATION OF SOCIAL ONE PUBLIC CHARITY PROGRAM SUPPORT WORKERS 750 FIRST STREET, NE, SUITE 700 WASHINGTON DC 20002-4241 10 , 000.

NEVADA CHILDHOOD CANCER FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 6070 SOUTH EASTERN AVE H200 LAS VEGAS . NV 89119 300 000 ,

NEVADA COMMUNITY FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 1635 VILLAGE CENTER CIR, STE 160 LAS VEGAS NV 89134 30 , 000.

NEVADA DIABETES ASSOCIATION ONE PUBLIC CHARITY PROGRAM SUPPORT 1005 TERMINAL WAY, SUITE 170 RENO NV 89502 8 000.

NEVADA PARTNERSHIP FOR HOMELESS YOUTH ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 20135 LAS VEGAS NV 89112 275000.

O'KEEFE EDUCATIONAL MEDIA ONE PUBLIC CHARITY PROGRAM SUPPORT KNIGHT NONPROFIT CENTER A270, 11975

SEAWAY RD. GULFPORT , MS 39503 10000.

OLIVE CREST FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 6148 W. SAHARA LAS VEGAS , NV 89146 165 000.

OPPORTUNITY VILLAGE ONE PUBLIC CHARITY PROGRAM SUPPORT 6300 W. OAKEY BLVD. LAS VEGAS NV 89146 5 . 000 , 000.

PARALYZED VETERANS OF AMERICA ONE PUBLIC CHARITY PROGRAM SUPPORT 7 MILL BROOK ROAD WILTON NH 03086 1 , 000. Total from continuation sheets

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PETS OF THE HOMELESS ONE PUBLIC CHARITY PROGRAM SUPPORT 116 EAST 7TH STREET, STE 204 CARSON CITY NV 89701 10000.

POLICE ATHLETIC LEAGUE OF SOUTHERN ONE PUBLIC CHARITY PROGRAM SUPPORT NEVADA 3065 S JONES, STE 201 LAS VEGAS NV 89146 50000.

RE ARENA INC ONE PUBLIC CHARITY PROGRAM SUPPORT 1 RALPH ENGELSTAD ARENA DR. GRAND FORKS , ND 58203 3 260 000.

RONALD MCDONALD HOUSE CHARITIES ONE PUBLIC CHARITY PROGRAM SUPPORT 2323 POTOSI STREET LAS VEGAS . NV 89146 150000.

SACRED HEART CHURCH & SCHOOL ONE PUBLIC CHARITY PROGRAM SUPPORT 200 3RD ST. N.W. EAST GRAND FORKS , MN 56721 5000.

SECOND LINERS MARDI GRAS CLUB ONE PUBLIC CHARITY PROGRAM SUPPORT 1 GOLFING GREEN DR, SUITE 1104 OCEAN SPRINGS , MS 39564 35 000.

SIERRA VISTA HIGH SCHOOL ROBOTICS ONE PUBLIC CHARITY PROGRAM SUPPORT TEAM 8100 W ROBINDALE RD LAS VEGAS , NV 89113 10 , 000.

SILENT HEROES OF THE COLD WAR ONE PUBLIC CHARITY PROGRAM SUPPORT 2525 KYLE CANYON RD MT CHARLESTON , NV 89124 57 , 935.

SOJOURN FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 919 EAST BONNEVILLE AVE, #200 LAS VEGAS , NV 89101 20 , 000.

SPECIAL OLYMPICS NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 97478 LAS VEGAS NV 89193 1 , 000. Total from continuation sheets

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SPREAD THE WORD NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 260 E. DESERT ROSE DRIVE HENDERSON NV 89015 358 500.

ST. JOSEPH HUSBAND OF MARY CATHOLIC ONE PUBLIC CHARITY PROGRAM SUPPORT CHURCH 7260 W SAHARA AVE LAS VEGAS , NV 89117 1 , 696 , 700.

ST. JUDE'S RANCH FOR CHILDREN ONE PUBLIC CHARITY PROGRAM SUPPORT 100 ST. JUDE'S STREET BOULDER CITY , NV 89005 970 000.

ST. VINCENT DE PAUL COMMUNITY ONE PUBLIC CHARITY PROGRAM SUPPORT PHARMACY 715-B DIVISION STREET, PO BOX 1228 BILOXI MS 39533 25000.

STREET TEENS ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 70478 LAS VEGAS NV 89170 25 , 000.

SUSAN G. KOMEN CANCER FUND ONE PUBLIC CHARITY PROGRAM SUPPORT P.O. BOX 224523 DALLAS TX 75222 1 , 000.

TEACH FOR AMERICA LAS VEGAS ONE PUBLIC CHARITY PROGRAM SUPPORT 701 BRIDGER AVE, STE 750 LAS VEGAS , NV 89101 1 , 000 , 000.

THE ANIMAL FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 655 N MOJAVE RD LAS VEGAS . NV 89101 500 000.

THE CARING PLACE ONE PUBLIC CHARITY PROGRAM SUPPORT 4425 SOUTH JONES BLVD, SUITE 1 LAS VEGAS , NV 89103 250 000.

THE CENTER ONE PUBLIC CHARITY PROGRAM SUPPORT 401 S. MARYLAND PKWY LAS VEGAS NV 89101 26 , 200. Total from continuation sheets

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THE PUBLIC EDUCATION FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 3360 W SAHARA, SUITE 160 LAS VEGAS . NV 89102 550000.

THE RAPE CRISIS CENTER ONE PUBLIC CHARITY PROGRAM SUPPORT 801 SOUTH RANCHO, SUITE B-2 LAS VEGAS NV 89106 265 401.

THE SALVATION ARMY ONE PUBLIC CHARITY PROGRAM SUPPORT 2900 PALOMINO LANE LAS VEGAS NV 89126 5 , 000.

THE SIMON KEITH FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 9393 SHELBY GENE CT LAS VEGAS NV 89139 15 , 000.

THE SMITH CENTER FOR THE PERFORMING ONE PUBLIC CHARITY PROGRAM SUPPORT ARTS 361 SYMPHONY PARK AVENUE LAS VEGAS NV 89106 2000 , 000.

THREE SQUARE FOOD BANK ONE PUBLIC CHARITY PROGRAM SUPPORT 4190 N. PECOS RD LAS VEGAS NV 89115 2 550 000.

TONY LA RUSSA'S ANIMAL RESCUE ONE PUBLIC CHARITY PROGRAM SUPPORT FOUNDATION 2890 MITCHELL DR. WALNUT CREEK , CA 94598 100000.

UNITED WAY OF SOUTH MISSISSIPPI ONE PUBLIC CHARITY PROGRAM SUPPORT 11975 SEAWAY ROAD, SUITE B170 GULFPORT MS 39503 20 , 000.

UNIVERSITY OF NORTH DAKOTA FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 3501 UNIVERSITY AVE STOP 8157 GRAND FORKS . ND 58202 2 , 000 , 000.

UNLV FOUNDATION ONE PUBLIC CHARITY PROGRAM SUPPORT 4505 S MARYLAND PARKWAY LAS VEGAS , NV 89154 165000. Total from continuation sheets

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UNLV REBEL HOCKEY CLUB ONE PUBLIC CHARITY PROGRAM SUPPORT 2400 N. RANCHO DRIVE LAS VEGAS NV 89130 113 495.

USO GULF COAST ONE PUBLIC CHARITY PROGRAM SUPPORT 14035-Q AIRPORT ROAD GULFPORT MS 39503 15 , 000.

UTAH SHAKESPEARE FESTIVAL ONE PUBLIC CHARITY PROGRAM SUPPORT 351 WEST CENTER STREET CEDAR CITY UT 84720 1 250 000.

VARIOUS - CHARITABLE DEDUCTIONS FROM ONE PUBLIC CHARITY PROGRAM SUPPORT PASSTHROUGH INVESTMENTS VARIOUS VARIOUS NV 99999 549.

WEST COAST RENEGADES, C/O ROSIE CARLO ONE PUBLIC CHARITY PROGRAM SUPPORT 1861 VIA DELLE ARTI HENDERSON NV 89044 48000.

YMCA OF SOUTHERN NEVADA ONE PUBLIC CHARITY PROGRAM SUPPORT 4141 MEADOWS LANE LAS VEGAS NV 89107 250 000.

Total from continuation sheets

423631 05-01-14 26 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 ENGELSTAD FAMILY FOUNDATION 80-6008137

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

(A) (B) (C) REVENUE NET INVESTMENT ADJUSTED SOURCE PER BOOKS INCOME NET INCOME

FIDELITY BROKERAGE SERVICES 124. 124. PARKWOOD PLACE 10. 10. WELLS FARGO 58. 58.

TOTAL TO PART I, LINE 3 192. 192.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL (A) (B) (C) GROSS GAINS REVENUE NET INVEST - ADJUSTED SOURCE AMOUNT DIVIDENDS PER BOOKS MENT INCOME NET INCOME

ABBOT DOWNING 2,562 , 685. 0. 2 , 562,685 . 2,562,685. ABBOT DOWNING 973,354. 973, 354. 0. 0. AEW CORE PROPERTY TRUST 367,191. 0. 367,191. 367,191. AEW CORE PROPERTY TRUST 169,280. 169,280. 0. 0. CALLAN/BNY MELLON - DIVIDENDS 2,628 , 629. 0. 2,628,629. 2,628,629. CALLAN/BNY MELLON - DIVIDENDS 54,084. 54 , 084. 0. 0. CALLAN/BNY MELLON - INTEREST 2,495 , 679. 0. 2 , 495,679 . 2,495,679. ESCONDIDO, LLC 185,648. 0. 185 , 648. 185,648. FIDELITY BROKERAGE SERVICES 842,456. 0. 842,456. 842,456. FIDELITY BROKERAGE SERVICES 558,593. 558,593. 0. 0. GAY/LESBIAN CENTER 80,622. 0. 80 , 622. 80,622. NORTHERN TRUST - DIVIDENDS 2,440 , 498. 0. 2,440,498. 2 , 440,498. NORTHERN TRUST - DIVIDENDS 213,587. 213, 587. 0. 0. NORTHERN TRUST - INTEREST 5,368. 0. 5 , 368. 5,368. PASSTHOUGH DIVIDENDS FROM INVESTMENTS 6,234,377. 0. 6,234,377. 6,234,377. PASSTHOUGH INTEREST FROM INVESTMENTS 3,761,799. 0. 3,761,799. 3,761,799. RE ARENA NOTES 94,217. 0. 94,217. 94,217.

30 STATEMENT(S) 1, 2 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 ENGELSTAD FAMILY FOUNDATION 80-6008137

WELLS FARGO BANK 183. 0. 183. 183.

TO PART I, LINE 4 23,668,250. 1,968,898. 21,699,352. 21,699,352.

FORM 990-PF RENTAL INCOME STATEMENT 3

ACTIVITY GROSS KIND AND LOCATION OF PROPERTY NUMBER RENTAL INCOME

ESCONDIDO, LLC 2 0. SIGN RENTAL 4 146,615. POLARIS WAREHOUSE, LLC 5 212,940. PASSTHOUGH RENTAL INCOME FROM INVESTMENTS 6 0.

TOTAL TO FORM 990-PF, PART I, LINE 5A 359,555.

FORM 990 -PF RENTAL EXPENSES STATEMENT 4

ACTIVITY DESCRIPTION NUMBER AMOUNT TOTAL

PROFESSIONAL FEES - ESC 775. LEGAL - ESC 47. - SUBTOTAL - 2 822. DEPRECIATION 47,242. REPAIRS & MAINTENANCE - PLRS 1,916. SECURITY - PLRS 2,295. PROPERTY TAXES - PLRS 3,612. UTILITIES - PLRS 6,828. LICENSES & FEES - PLRS 325. PROFESSIONAL FEES - PLRS 5,065. OFFICE SUPPLIES - PLRS 119. - SUBTOTAL - 5 67,402. PASSTHOUGH RENTAL INCOME FROM INVESTMENTS 25,848. - SUBTOTAL - 6 25,848.

TOTAL RENTAL EXPENSES 94,072.

NET RENTAL INCOME TO FORM 990-PF, PART I, LINE 5B 265,483.

31 STATEMENT(S) 2, 3, 4 10451116 755421 4059 2014.05000 ENGELSTAD FAMILY FOUNDATION 4059 1 ENGELSTAD FAMILY FOUNDATION 80-6008137

FORM 990-PF OTHER INCOME STATEMENT 5

(A) (B) (C) REVENUE NET INVEST- ADJUSTED DESCRIPTION PER BOOKS MENT INCOME NET INCOME

MISCELLANEOUS 197,387. 197,387. PASSTHOUGH NET ROYALTY INCOME FROM INVESTMENTS 18,719. 18,719. PASSTHOUGH PORTFOLIO INCOME FROM INVESTMENTS 604,825. 604,825. COD INCOME FROM INVESTMENTS IN LLCS 2,136. 2,136. ROYALTY INCOME FROM LIMECO, LLC 583,470. 583,470. PASSTHOUGH ORDINARY INCOME FROM INVESTMENTS 464, 595. 464,595. REIMBURSED EXPENSES 1,603. 1,603.

TOTAL TO FORM 990-PF, PART I, LINE 11 1, 872, 735. 1,872,735.

FORM 990-PF LEGAL FEES STATEMENT 6