form 990-pf return ofprivate foundation treated as a...

Return of Private Foundation OMB No 1545-0052For 990-PFmor Section 4947(a)(1) Nonexempt Charitable Trust w007

Department of the Treasury Treated as a Private Foundation 1Internal Revenue Service (77)

Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2007, or tax year beginning , and ending

G Check all that apply. L_J Initial return Final return Amended return Address change Name change

use the •RS Name of foundation A Employer laentification number

label.Otherwise , OGER AND NANCY MCCABE FOUNDATION 20-2990948

print Number and street (or P 0 box number if mail is not delivered to street address ) Roon3swte B Telephone numberortype . POST OFFICE BOX 149 952-334-8317

See SpecifictC tInstructions . y ori own, state, and ZIP code C n exemption applicationplication is pending , check here ►

MN 55391 D 1, Foreign organizations, check here ►0H Check type of organization: LXJ Section 501 (c)(3) exempt private foundation 2.

checkFore gn organizations meeting the 85% test,

here and attach computation ►

Section 4947(a)(1) nonexempt charitable trust Other taxable private foundationE If t f d t t t t d

I Fair market value of all assets at end of year J Accounting method: LXJ Cash Accrualpriva e oun a ion s us wasa erminate

under section 507(b)(1)(A), check here(from Part ll, col (c), line 16) = Other (specify) F If the foundation is in a 60-month termination

8,856,137 . (Part 1, column (d) must be on cash basis) under section 507(b)(1)(B), check here

Part I Analysis of Revenue and Expenses(The total of amounts in columns (b), (c), and ( d) may not

( a) Revenue andexpenses per books

(b ) Net investmentincome

(c) Adjusted netincome

(d) Disbursementsfor charitable purposes

necessarily equal the amounts in column (a)) (cash basis only)

1 Contributions gifts grants etc received N/A, , , ., :2 Check ►[J if the foundation is not required to attach Sch B 4 ,3 Interest on savings and temporary

rash investments,

4 Dividends and interest from securities 290, 948. 290,733. STATEMENT, '-_J5a Gross rents

b Net rental income or (loss) _- _ - - _ - - _ r -- - . • -

, 6a Net gain or Ooss) tram sale of assets not on line 10 5 9 2 , 16 9. _ ' ' `" - ::'s• - - - _ _ ._ ;. , _ _ - r _c b

Gross sales price for all7 4 7 8 0 6 3 .assets on line 6a i , - - - _ - _ : _ - ti - - -.

,7 Capital gain net income (from Part IV, line 2) 592 ,169.

cc 8 Net short-term capital gain

9 Income modifications -

- -

-Gross sales less returns

10a and allowances-, •; ,

- _ .• ` -, _ -,. _ - - ^- - -. `

b Less Cost of goods sold

c Gross profit or (loss) ; • -

11 Other Income 24,256. 0. STATEMENT 212 Total . Add lines 1 through 11 907, 373 . 882 , 902.

m°'̂13 Compensation of officers, drcectors , trustees, etc 0 . 0 . 0 .

c- g 14 Other employee salaries and wages

c' y 15 Pension plans, employee benefits

N 16a Legal fees

a b Accounting fees STMT 3 1 539. 1 500 39, , . .c Other professional fees STMT 4 48,662. 48,000. 662.

17 Interest

Ri fell 18 Taxes STMT 5 2,359. 2,359. 0.19 Depreciation and depletion -

i' E 20 Occupancy

< 21 Travel, conferences, and meetings

a 22 Printing and publications

.23 Other expenses STMT 6 715. 615. 10 0 .

0 2 o e

o e 0h3 53,275. 52,474. 801.5 Contributions, gifts, grants p 0. 329, 329. 329, 329 .

its.T e IODBursn d inn ss24and2 382,604. 52,474. 330,130.

I 8 ExcQN ursements 524,769.b Net investment income of negative , enter -0- ) 830,428. 1 -c Adjusted net income (n negative , enter -0-) N/A

723501LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . 2 Form 990-PF (2007)

J02-20-08

1

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-299094R Panel

Part 11 Balance Sheets A"chedschedules and amounts in the description Beginning of year End of yearcolumn should be for end -of-year amounts only (a) Book Value (b) Book Value (c) Fair Mark et Value

1 Cash - non-Interest-bearing 245,274. 130,463. 130,463.2 Savings and temporary cash investments 232,316. 49,548. 0,548.3 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 ►

Less: allowance for doubtful accounts ►. 8 Inventories for sale or use

9 Prepaid expenses and deferred charges

a 10a Investments - U.S. and state government obligations

b Investments - corporate stock

c Investments - corporate bonds

11 Investments - land, buildings , and equipment basis ►

Less accumulated depreciation ►

_ _'_ - _` `- _' _ -^,y _

12 Investments - mortgage loans

13 Investments - other STMT 7 7,284,272. 8,056, 141. 8,6 69,298.14 Land, buildings, and equipment basis ►

Less accumulated depreciation ►

15 Other assets (describe ► LEGAL FEES ) 7,343. 6,828. 6,828.

16 Total assets (to be completed by all filers) 7,769,205. 8,242,980. 8,856,137.17 Accounts payable and accrued expenses

18 Grants payable ,

u) 19 Deferred revenue

- 20 Loans from officers, directors, trustees , and other disqualified persons

21 Mortgages and other notes payable -

22 Other liabilities (describe ► )

23 Total liabilities (add lines 17 through 22) 0. 0.

Foundations that follow SFAS 117, check here ►and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted

25 Temporarily restricted

co 26 Permanently restricted

U.3Foundations that do not follow SFAS 117, check here No. OX

and complete lines 27 through 31.

27 Capital stock, trust principal, or current funds 0. 0 .

U)28 Paid -in or capital surplus, or land, bldg., and equipment fund 0. 0.

a 29 Retained earnings, accumulated income, endowment, or other funds 7,769,205. 8,242,980.Z 30 Total net assets or fund balances 7 ,769,205. 8,242,980. -

31 Total liabilities and net assets/fund balances 7, 7 6 9, 2 0 5. 8,242,980. , - -

Part 111 Analysis of Changes in Net Assets or Fund Balances

1 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)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 ( itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 ( itemize ) ► BASIS ADJUSTMENTS6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column ( b), line 30

72351102-20-08

7,769,205.L J 4 Z,/ V J

3 0.

50,994.8,242,980.

Form 990-PF (2007)

2

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-2990948 Part IV . Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kinds of property a() () (.g., real estate,2-story brick warehouse; or common stock, 200 shs. MLC Co.)

ow acquired- Purchase

D - Donation

(c) Date acquired(mo., day, yr.)

(d) Date sold(mo., day, yr )

to NORTHERN TRUST - SHORT TERM - SEE ATTACHED P VARIOUS VARIOUSb NORTHERN TRUST - LONG TERM - SEE ATTACHED P VARIOUS VARIOUSc CAPITAL GAINS DIVIDENDSIU

e

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a 2,859,138. 2,759,119. 100,019.b 4,609,412. 4,126,775. 482,637.c 9,513. 9,513.d

eComplete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus

(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col. (j), if any

col. (k), but not less than -0-) orLosses (from col. (h))

a 100,019.b 482,637.c 9,513.d

e

2 Ca ital am net income or net ca ital lossIf gain, also enter in Part I, line 7

p g ( p ) If (loss), enter -0- in Part I, line 7 3 2 592 ,169 .

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

Fart V I UualiTication under section 49411.11(e) Tor Heauced 1 ax on Net investm ent 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 instructions before making any entries.

( a )Base period years

Calendar year (or tax year beginning in)(b)Adjusted qualifying distributions

(c)Net value of noncharitable-use assets

Distribution ratio(col. (b) divided by col. (c))

2006 368,947. 7,823,131. .0471612005 124,020. 6,375,107. .0194542004

2003

2002

2 Total of line 1, column (d) 2 .0666153 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

_ 3 . 0 3 3 3 0 8

4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4 8,696,562.

5 Multiply line 4 by line 3 5 289 ,665 .

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 8,304.

7 Add lines 5 and 6 7 297,969.

8 Enter qualifying distributions from Part XII, line 4 8 330 ,130.

It 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.

723521/02-20-08 Form 990-PF (2007)

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-2990948 Part VI Excise Tax Based on Investment Income (Section 4940(a ) , 4940(b), 4940(e), or 4948 - see instructions)

•1a Exempt operating foundations described in section 4940 ( d)(2), check here ► and enter "N/A" on line 1. V -

Date of ruling letter. ( attach copy of ruling letter if necessary-see instructions )

b Domestic foundations that meet the section 4940 ( e) requirements in Part V , check here 0o. © and enter 1%

_

1 8 , 3 0 4 .of Part I, line 27b

c All other domestic foundations enter 2% of line 27b . Exempt foreign organizations enter 4% of Part I, Imp 12, co!. (b) J

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 8, 3044 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 8, 304

6 Credits/Payments:

a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a 2,880. -

b Exempt foreign organizations - tax withheld at source 6b - ' -

c Tax paid with application for extension of time to file ( Form 8868) 6c

d Backup withholding erroneously withheld - 6d

7 Total credits and payments . Add lines 6a through 6d 7 2, 8 8 CC

8 Enter any penalty for underpayment of estimated tax. Check here 0 if Form 2220 is attached 8

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 5, 424.

10 Overpayment If line 7 is more than the total of lines 5 and 8 , enter the amount overpaid ► 1011 Enter the amount of line 10 to be: Credited to 2b08 estimated tax 00. Refunded.. 11Part ,VU-A Statements Regarding Activities

to 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? 1a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X

If the answer is "Yes' to 1a or 1b, attach a detailed description of the activities and copies of any matenals published or

distributed by the foundation in connection with the activities

c Did the foundation file Form 1120-POL for this year? 1c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year. V -

(1) On the foundation. ► $ 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? 2 X

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? N/A 4b

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

7 Did the foundation have at least $5,000 in assets at any time during the year? 7 X

If "Yes," complete Part ll, col. (c), and Part XV.

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

MNb 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 G9 If 'No,' attach explanation

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(l)(5) for calendar

year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If "Yes," complete Part XIV

10 Did any persons become substantial contributors durina the tax Year? H -Yes_" attach a schedule listina t heir names and addresses

8b I X

10 X

Form 990-PF (2007)

72353102-20-08

4

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20- 2990948

es (continued)

1.1a At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)7

If 'Yes," attach schedule. (see instructions) 1la X

b If 'Yes,' did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and

annuities described in the attachment for line 1la? N/A 11b

12 Did the foundation acquire a direct or indirect inieiesi in any appin.auie msuranr.e cuntract% - 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Website address ► N/A

14 The books are in care of ► ROGER AND NANCY MCCABE Telephone no. ► 9 5 2 - 3 3 4 - 8 317Located at ► P . O . BOX 149, WAYZATA, MN ZIP+4 5 3 91

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 -Check here ►and enter the amount of tax-exempt interest received or accrued during the year ► 15 N/A

Part-;V11-B Statements Regarding Activities for Which Form 4720 May Be RequiredFile 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): ,,•p ,,; ' . F

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? 0 Yes OX No 'rx? '

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) A\' } -

a disqualified persons Yes FXI No(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? _ - D Yes FX No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes OX 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 FRI No(6) Agree to pay money or property to a government official'? (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.) 0 Yes OX No t

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 page 22 of the instructions)? N/A 1bOrganizations relying on a current notice regarding disaster assistance check here ►0 ,r. "_,

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

-

tt.: 5-.- t

before the first day of the tax year beginning in 2007? is 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(j)(5)):

ya At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning ''

before 2007? Yes OX 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 2bc 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 ^X No ,+g

b If 'Yes," did it have excess business holdings in 2007 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 2007) N/A 3b

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 beginning in 2007? 4b X-

Form 990-PF (2007)

72354102-20-07

5

ROGER AND 1NCY MCCABE FOUNDATION 20-2990948' Paoef6

Part VII-13 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))'? Yes ® No

(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on, directly or indirectly, V

any voter registration drive? _ D Yes ® No

(3) Provide a grant to an individual for travel, study , or other similar purposes? Yes ® No

(4) Provide a grant to an organization other th an a cnar!table, etc., organ;;at;on described in section

509(a )( 1), (2), or (3 ), or section 4940 (d)(2)7 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 animals2 O Yes ® No

b If any answer is 'Yes ' to 5a(1)-(5 ), did any of the transactions fail to qualify under the exceptions described in Regulations

fsection 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 ► '

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 Yes 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 you answered "Yes" to 6b, also file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? Yes OX No

b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b

Part VIII Information About Officers , Directors , Trustees , Foundation Managers , Highlyla oyees , and ContractorsPaid Emp

1 List all officers , directors , trustees, foundation managers and their compensation.

(a) Name and address(b) Title, and average

hours per week devotedto position

( c) Compensation( If not paid ,enter -0-)

contributions to

emp andedebenefi tterrredplans

compensation

(e) Expenseaccount, otherallowances

ROGER MCCABE RESIDENT

P.O. BOX 149WAYZATA, MN 55391 1 0. 0. 0.NANCY MCCABE SECRETARY/TRE SURER

P.O. BOX 149WAYZATA, MN 55391 1 0. 0. 0.GLENN MCCABE DIRECTORP.O. BOX 149WAYZATA, MN 55391 <1 0. 0. 0.

z t omaensation of live mgnest-aaia employees iotner tnan tnose inciuaea on line it. IT none, enter ••NUNt."

(a) Name and address of each employee paid more than $50,000(b) Title and averagehours per week

devoted to position(c) Compensation

Contribubonsto

emp anddetedplans

compensation

(e) Exenseaccount, otherallowances

NOT APPLICABLE

Total number of other employees paid over $50,000 ► 1 U

Form 990-PF (2007)

72355102-20-08

6

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-2990948

Part VIIIInformation About Officers, Directors , Trustees, Foundation Managers , Highly

0 Pa id 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) Compe nsation

NOT APPLICABLE

Total number o f others receiving over $50,000 for professional services ► UPart IX-A Summary of Direct Charita ble Activities

List the foundation's four largest direct charitable activities during the tax year . Include relevant statistical information such as theExpensesnumber of organizations and other beneficiaries served , conferences convened , research papers produced, etc.

1NOT APPLICABLE

2

3

4

Part IX=B I Summary of Program-Related InvestmentsDescribe the two largest program -related investments made by the foundation during the tax year on lines 1 and 2. Amount

1NOT APPLICABLE

2

All other program -related investments . See instructions.SNOT APPLICABLE

Total . Add lines 1 through 3 ► 0.

Form 990-PF (2007)

72356102-20-08

7

Form 990-PF (2007) ROGER AND LIANCY MCCABE FOUNDATION 20-2990948 Page B

Part X 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 la 8,488,996.b Average of monthly cash balances 1b 340,001.

c Fair market value of all other assets is

d Total (add lines la. b and r) Id 8, 828 ,997e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) _ _ le

2 Acquisition indebtedness applicable to line 1 assets 2 0

3 Subtract line 2 from line ld 3 8,828 ,997 .4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 132 ,4355 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 8, 6 9 6 , 5 6 26 Minimum investment return . Enter 5% of line 5 6 434,828

Part XIDistributable Amount (see instructions) (Section 4942(j)(3) and (I)(5) private operating foundations and certainforeign organizations check here ► = and do not complete this part)

1 Minimum investment return from Part X, line 6 1 434,828.2a Tax on investment income for 2007 from Part VI, line 5 2a 8,304.

b Income tax for 2007. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c 8,304.3 Distributable amount before adjustments. Subtract line 2c from line 1 3 426,524.4 Recoveries of amounts treated as qualifying distributions _ 4 0 .

5 Add lines 3 and 4 5 426,524 .6 Deduction from distributable amount (see instructions) 6 0 .

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 4 2 6 , 5 2 4

Part XII 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 la 330,130.

b Program-related investments - total from Part IX-B lb 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 4 330,130.5 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 8,304.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 321,826.

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calcula ting whether the foundation qualifies for the section4940(e) reduction of tax in those years

Form 990-PF (2007)

72357102-20-08

8

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-2990948

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2006 2006 2007

1 Distributable amount for 2007 from Part XI,

line7 _ 426,524.2 Undistributed income , if any as of the a"d c' 2008 - - '

a Enter amount for 2006 only 0

b Total for prior years:

3 Excess distributions carryover, if any, to 2007:

a From 2002

b From 2003

c From 2004

dFrom 2005 84,098. -e From 2006

f Total of lines 3a through e 84, 098 .

4 Qualifying distributions for 2007 from

Part Xll, line 4: ► $ 330, 130.a Applied to 2006, but not more than line 2a 0 .

bApplied to undistributed income of prior

years (Election required - see instructions) - S 0. '

c Treated as distributions out of corpus

(Election required - see instructions) 0 .

dApplied to 2007 distributable amount 330 , 130 .e Remaining amount distributed out of corpus 0 .

5 Excess distributions carryover applied to 2007 84 , 0 9 8 . _ -_ - ' - - ' - 8 4 , 098(R an amount appears in column ( d), the same amount

^must be shown in column (a)) - - v - - - ,, _ , ^- , -

6 Enter the net total of each column asindicated below:

a Corpus Add lines 31 , 4c, and 4e Subtract line 5 0

b Prior years' undistributed income. Subtract

line 4b from line 2b 0 . - =

c Enter the amount of prior years' -undistributed income for which a notice of 'deficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed 0

d Subtract line 6c from line 6b. Taxable '

amount - see instructions - - 0 . -e Undistributed income for 2006. Subtract line - ' - 4

4a from line 2a. Taxable amount - see instr. 0

f Undistributed income for 2007. Subtract -

lines 4d and 5 from line 1. This amount must _

be distributed in 2008 " V 12 , 2 9 67 Amounts treated as distributions out of V

corpus to satisfy requirements imposed by -

section 170(b)(1)(F) or 4942(g)(3) 0 .

8 Excess distributions carryover from 2002

not applied on line 5 or line 7 0 .

9 Excess distributions carryover to 2008. V

Subtract lines 7 and 8 from line 6a 0 . t

10 Analysis of line 9:

a Excess from 2003 '

b Excess from 2004

c Excess from 2005 Vd Excess from 2006

e Excess from 2007

Form 990-PF (2007)72358102-20-08

9

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 2 0 - 2 9 9 0 9 4 8

Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) N/A

4 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2007, enter the date of the ruling ►b Check box to indicate whether the foundation is a private operating foundation described in section 4942(1)(3) or 4942(j)(5)

2 a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimum ( a) 2007 ( b) 2006 ( c) 2005 (d) 2004 ( e) Total

investment return trom 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 2c3 Complete 3a , b, or c for the

alternative test relied upona Assets ' alternative test - enter.

(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(I)(3)(B)(i)

b Endowment alternative test - enter2/3 of minimum investment returnshown in Part X , line 6 for each yearlisted

c Support" alternative test - enter.

(1) Total support other than grossinvestment income ( interest,dividends, rents , payments onsecurities loans ( section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942 ( f)(3)(B)(m)

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment incomePart XV Supplementary Information (Complete this part only if the foundation had ,000 or more in assets

at any time during the year-see the 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 taxyear ( but only if they have contributed more than $5,000 ). ( See section 507(d)(2).)

SEE STATEMENT 8b 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

NONE2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship , etc., Programs:

Check here ► LX if the foundation only makes contributions to preselected charitable organ izations and does not accept unsolicited requests for funds. Ifthe 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 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:

723601 /02-20-08 Form 990-PF (2007)10

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 20-2990948 Pantary Information (continued)

33 Grants and Contributions Paid During the Year or Approved for Future Payment 1

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

Name and address (home or business ) any foundation manager , status of contribution Amountor substantial contributor recipient

a Paid during the year

SEE STATEMENT 9Total ► 3a 329,329.

b Approved for future payment

NONE

Total ► 3b 1 0.723611/02-20-08 Form 990-PF (2007)

11

t r

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 2 0 - 2 9 9 0 9 4 8

Part XVI -A Analysis of Income- Producing Activities

Enter gross amounts unless otherwise indicated . Unre l a te d b usiness income Excluded by section 512 , 513, or 514 e)

Program service revenue:

(a)Businesscode

(b)AmountExccode

(d)Amount

(Related or exemptfunction 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

4 Dividends and interest from securities 14 290,948.5 Net rental income or (loss ) from real estate:

a Debt -financed property

b Not debt -financed property

6 Net rental income or (loss ) from personal

property

7 Other investment income

8 Gain or (loss ) from sales of assets otherthan inventory 18 592,169.

9 Net income or (loss ) from special events

10 Gross profit or ( loss) from sales of inventory

11 Other revenue:

a REFUND OF PRIOR YEAR

b TAXES 01 24,256.Cd

e12 Subtotal Add columns ( b), (d), and (e) : ' - 0 . 9 0 7 , 3 7 3 . 0 .13 Total . Add line 12, columns ( b), (d), and (e) 13 907 ,373.(See worksheet in line 13 instructions to verify calculations.)

Part XVI- B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No .y

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment ofthe foundation ' s exempt purposes ( other than by providing funds for such purposes).

OT APPLICABLE

oz=zo-oa Form 990-PF (2007)12

Form 990-PF (2007) ROGER AND NANCY MCCABE FOUNDATION 2 0 - 2 9 9 0 9 4 8 Part_ XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations

Did 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 orgamzatlons9

a Transfers from the reporting foundation to a nonchantable exempt organization of

(1) Cash ial, X

(2) Otnerassets la(2) 1 I X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization lb(l) X

(2) Purchases of assets from a noncharitable exempt organization 1b(2) X

(3) Rental of facilities, equipment, or other assets lb(3) X

(4) Reimbursement arrangements _ lb(4) X

(5) Loans or loan guarantees lb(5) X

(6) Performance of services or membership or fundraising solicitations lb(6) 1 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

column (d) the value of the goods, other assets, or services received.

If 'Yes; complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship

NOT APPLICABLE

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge and behef , it is true, correct,

and complete r9 laration of preparer ( other than taxpay or fiduciary ) is based on all information of which preparer has any knowledge

V Slgna re of officer or trustee

C Preparer'sN

0C signatureo

CLa d Firm's name (or yours RSM MC C .

CLg it self-employed ), 8 01 NICOL E AVENUE , S

OFaddress , and ZIP code MINNEAPOLIS, MN 5540 2

72362202-20-08

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 527? = Yes ® No

ROGER & NANCY MCCABE FOUNDATION 26-33017Schedule D Detail of Short-term Capital Gains and Losses

135. #REORG /GALLAHER GROUP PLCSPONS ADR CASHMERGER EFF 4 05 / 18 / 2006 01 / 24 / 2007 12 088.61 8 , 577.41 3 , 511.20

120. RESMED INC 10 / 05 / 2006 01 / 26 / 2007 6 , 187.91 4 , 886.08 1 , 30-1.83

300. ASSURED GUARANTY LTDCOMMON STK 10 / 05 / 2006 01 / 29 / 2007 7 , 941.17 7 , 922.54 18.63

100. ASSURED GUARANTY LTDCOMMON STK 10 / 05 / 2006 01 / 30 / 2007 2 , 648.32 2 527.00 121.32

600. AFLAC INC 11 / 02 / 2006 01 / 31 / 2007 28 570.76 27 732.45 838.31

330. ADIDAS AG 11 / 09 / 2006 02 / 06 / 2007 8 , 203.55 8 , 157.63 45.92

440. ALLIANZ SE ADR EACH REP1 / 10 ORD SHS ADR REPSTG 1 / 01 / 26 / 2007 02 / 06 / 2007 8 , 905.33 8 , 468.33 437.00

255. BAE SYS PLC SPONSORED ADR 12 / 29 / 2006 02 / 06 / 2007 8 , 978.27 8 , 662.35 315.92

280. BRITISH AMERN TOB PLCSPONSORED ADR 02 01 2007 02 / 06 / 2007 17 381.87 17 257.10 124.77

405. ADR CRH PLC ADR 01 / 03 / 2007 02 / 06 / 2007 16 , 852.79 15 , 454.10 _ 1 , 398.69 .450. ADR ERICSSON L M TEL CO

ADR CL B SEK 10 NEW ERICSS 03 / 23 / 2006 02 / 06 / 2007 16 676.49 17 525.12 -848.6

285. LLOYDS TSB GROUP PLCSPONSORED ADR 12 / 21 / 2006 02 / 06 / 2007 13 559.88 11 493.16 2 , 066.72

135. ADR MITSUI MARINE & FIREINS LTD 04 / 21 / 2006 02 / 06 / 2007 16 599.09 18 353.35 -1 , 754.26

945. NISSAN MOTORS SPONSORED 04 / 21 / 2006 02 / 06 / 2007 21 781.58 22 405.67 -624.09

123779.56 MFB NORTHN SHORTINTERMEDIATE US GOVT 02 / 06 / 2007 02 / 06 / 2007 1234082.25 1224145.40 ' 9 , 936.85

Totals

JSA7F0971 1 000


Descri ption

Date

Acq uired

DateSold

Gross SalesPrice

Cost or OtherBasis

Short-termGain/Loss

135. ADR NOVARTIS AG SPONSOREDADR ISIN US66987V1098 07 / 12 / 2006 02 / 06 / 2007 7 , 960.71 7 , 559.41 401.30

165. ADR SANOFI-AVENTISSPONSORED ADR 05 / 18 / 2006 02 / 06 / 2007 7 1 286.17 7 , 867.20 -581.03

805. ADR SINGAPORE TELECOMMUNICATIONS LTD SPONSORED ADR 12 / 21 / 2006 02 / 06 / 2007 18 321.24 15 119.13 13 , 202.1

370. ADR SUEZ SPONSORED ADR 09 / 21 / 2006 02 / 06 / 2007 18 381.04 15 773.68 2- 1 6-0-7.36205. ADR TNT N V SPONSORED ADR 09 / 21 / 2006 02 / 06 / 2007 9 255.47 7 , 607.14 1 , 648 33270. DAIMLERCHRYSLER AG 01 / 24 / 2007 02 / 0 6 2007 17 005.78 16 999.81 5.97')'7n n (' Mr)r)VP hVTC , rRnFTc

INC COM 10 / 05 / 2006 02 / 07 / 2007 5 , 516.01 5 , 541.53 -25.52550. AFLAC INC 08 / 03 / 2006 02 / 07 / 2007 26 916.17 23 812.19 3 f 10 .9830. ADOBE SYS INC 11 / 02 / 2006 02 / 07 / 2007 1 , 145.05 1 , 127.70 17.35

60. AFFILIATED MANAGERS GROUP 10 / 05 / 2006 02 / 07 / 2007 6 , 870.84 6 , 043.80 827.04

130. AIRGAS INC 10 / 05 / 2006 02 / 07 / 2007 5 , 291.17 4 , 869.76 421.41

30. AMERICAN INTL GROUP INC 11 / 02 / 2006 02 / 07 / 2007 2 , 083.14 2 , 001.00 82.14

65. AMERICAN INTL GROUP INC 11 / 10 / 2006 02 / 07 / 2007 4 , 531.04 4 , 542.85 -11.81660. ARM HLDGS PLC SPONSORED 10 / 05 / 2006 02 / 07 / 2007 4 , 969.77 4 , 402.20 _ 567.57240. BEACON ROOFING SUPPLY INC 10 / 05 / 2006 02 / 07 / 2007 5 , 041.18 5 , 042.35 -1.1720. BOEING CO 11 / 27 / 2006 02 / 07 / 2007 1 , 807.57 1 , 756.20 51.37

260. CAREMARK RX INC 07 / 05 / 2006 02 / 07 / 2007 15 932.31 13 054.60 2 , 877.71100. COINSTAR INC COM 01 / 04 / 2007 02 / 07 / 2007 2 967.90 3 , 070.49 -102.5940. COLGATE PALMOLIVE CO 11 / 02 / 2006 02 / 07 / 2007 2 , 679.17 2 , 544.80 134.37

615. COMMUNITY HEALTH SYS INC 08 / 03 / 2006 02 / 07 / 2007 22 760.45 22 386.00 374.45

270. CYBERSOURCE CORP DEL COM 10 / 05 / 2006 02 / 07 / 2007 3 , 361.61 3 , 039.47 1 322.1480. #REORG /DJO INC CASH MERGER

EFF 11 / 20 / 07 12 / 08 / 2006 02 / 07 / 2007 3 264.96 3 511.00 -246.04, ,50. DANAHER CORP 11 / 02 / 2006 02 / 07 / 2007 3 , 690.41 3 , 438.40 252.01

70. DEERE & CO 06 / 21 / 2006 02 / 07 / 2007 7 , 311.21 5 , 505.50 11 , 805.7340. DOMINION RES INC VA NEW 01 / 09 / 2007 02 / 07 / 2007 29 616.49 27 751.00 1 , 865.4 960. DUCKWALL-ALTO STORES INC

Totals

JSA7F0971 1000


70. GLOBAL PMTS INC 10 / 05 / 2006 02 / 07 / 2007 2 , 725.01 3 , 003.20 -278.19

110. HEALTHWAYS INC COM STK 09 / 11 / 2006 02 / 07 2007 4 , 788.76 5 , 424.82 -636.06

170. HEARTLAND PMT SYS INC COM 10 / 05 / 2006 02 / 07 / 2007 4 , 495.51 4 , 612.10 -116.59

180. HURON CONSULTING GROUP INCCOM STK 10 / 05 / 2006 02 / 07 / 2007 9 , 330.15 7 , 459.67 1 , 870.48

600. IMS HEALTH INC 11 / 02 / 2006 02 / 07 / 2007 17 091.37 16 281.88 809.49

160. INTEGRA LIFESCIENCES HLDGCORP COM DESP 10 / 05 / 2006 02 / 07 / 2007 7 , 033.38 6 , 278.29 755.09

5. INTL BUSINESS MACHINES 04 / 26 / 2006 02 / 07 / 2007 499.58 415.02 84.56

60. #REORG INVESTORS FINL SVCSCORP MERGER TO STATE ST 09 / 11 / 2006 02 / 07 / 2007 3 , 671.88 2 , 707.46 964.42

180. J2 GLOBAL COMMUNICATONSINC COM NEW NEW 10 / 05 / 2006 02 / 07 / 2007 4 , 588.19 4 , 722.54 -134.35

40. JOHNSON CONTROLS INC 11 / 02 / 2006 02 / 07 / 2007 3-1- 804.60 3 , 138.00 666.60

310. KFORCE INC 10 / 05 / 2006 02 / 07 / 2007 4 , 327.46 1 4 005.20 322.26

JSA7F0971 1 000


230. NUANCE COMMUNICATIONS INC 10 / 06 / 2006 02 / 07 / 2007 3 , 098.00 2 1 015.61 1 , 0-8-2.39

170. NUVASIVE INC COM 10 / 05 / 2006 02 / 07 / 2007 4 , 149.57 3 , 624.64 524.93

140. PEPSICO INC 01 / 04 / 2007 02 / 07 / 2007 9 , 001.65 8 , 880.15 121.50

50. PORTFOLIO RECOVERY ASSOCSINC COM 01 / 08 / 2007 02 / 07 / 2007 2 , 209.54 2 , 291.82 -82.28

60. PRAXAIR INC 11 / 02 / 2006 02 / 07 / 2007 3 1 796.20 3 , 609.60 186.60

130. PSYCHIATRIC SOLUTIONS INC 10 / 05 / 2006 02 / 07 / 2007 5 , 038.20 4 , 688.20 350.00

170. QUALCOMM INC 01 / 18 / 2007 02 / 07 / 2007 6 , 345.90 6 , 571.54 -225.64

90. RESMED INC 10 / 05 / 2006 02 / 07 / 2007 4 , 491.76 3 , 664.56 827.20

200. ROCKWELL COLLINS INC 01 / 26 / 2007 02 / 07 / 2007 13 921.71 12 243.23 1 , 678.48

40. ADR SANOFI-AVENTISSPONSORED ADR 11 / 02 / 2006 02 / 07 / 2007 1 , 765.07 1 , 687.60 77.47

510. SANTARUS INC COM 09 / 11 / 2006 02 / 07 / 2007 3 , 549.49 4 , 337.71 -788.22

250. SCHLUMBERGER LTD ISIN#AN8068571086 11 / 02 / 2006 02 / 07 / 2007 16 029.50 15 449.19 580.L

JSA7F0971 1000


350. YAHOO INC 01 / 17 / 2007 02 / 07 / 2007 10 387.68 10 247.06 140.62

70. ACCENTURE LTD BERMUDA CL A 11 / 02 / 2006 02 / 07 / 2007 2 , 722.01 2 , 186.98 535.03

250. PRIMUS GTY LTD COM STK 10 / 05 / 2006 02 / 07 / 2007 3 , 007.90 3 , 024.27 -16.37

400. AMERICAN RAILCAR INDS INCCOM STK 02 / 14 / 2006 02 / 08 / 2007 11 525.64 12 020.00 -494.36

690. FOSTER L B CO CL A 05 / 02 / 2006 02 / 08 / 2007 17 533.60 16 057.68 1 , 475.92

830. GENCORP INC COM 11 / 22 / 2006 02 / 08 / 2007 12 134.22 11 820.45 313.77

40. COMCAST CORP NEW CL A CL A 02 / 14 / 2007 02 / 16 / 2007 1 , 639.64 1 , 653.20 -13.56

220. VALUECLICK INC 10 / 05 / 2006 02 / 22 / 2007 6 , 344.05 4 , 021.66 _ 2 , 322.39

255. MATRIA HEALTHCARE INC COM 10 / 05 / 2006 02 / 23 / 2007 6 , 515.19 6 , 570.92 -55.73

65. MATRIA HEALTHCARE INC COM 10 / 05 / 2006 02 / 23 / 2007 1 , 616.18 1 , 876.22 -260.04

100. HURON CONSULTING GROUP INCCOM STK 10 / 05 / 2006 02 / 26 / 2007 6 , 519.40 4 , 055.26 2 , 464.14

60. HURON CONSULTING GROUP INCCOM STK 09 / 11 / 2006 02 / 27 / 2007 3 , 771.07 1 2 , 219.54 1 , 551.53

15. MORGAN STANLEY DEAN W1'1'TER

& CO COM NEW ISIN # 6174464 02 / 14 / 2007 03 / 01 / 2007 1 , 123.32 1 , 238.40 -115.Ob

35. MCDONALDS CORP 02 / 14 / 2007 03 / 07 / 2007 1 , 503.16 1 , 577.45 -74.29

80. CACI INTL INC CL A 10 / 05 / 2006 03 / 08 / 2007 3 , 797.20 4 , 536.80 -739.60

35. E I DU PONT DE NEMOURS & 02 / 14 / 2007 03 / 09 / 2007 1 , 787.70 1 , 814.05 -26.35

.01 ADR INTESA SANPAOLO S P

Totals

JSA7F0971 1 000


1 / 10 ORD SHS ADR REPSTG 1 / 02 / 14 / 2007 04 / 30 / 2007 2 , 212.51 2 , 064.00 148.5170. TIFFANY & CO NEW 02 / 14 / 2007 05 / 02 / 2007 3 , 306.44 2 , 949.10 357.34

150. FIRSTSERVICE CORP SUB VTG 09 / 11 / 2006 05 / 11 / 2007 4 , 720.32 3 , 584.47 1 , 135.85370. REORG ECOLLEGE.COM CASH 04 / 26 / 2007 05 / 15 / 2007 8 , 130.77 7 , 193.42

_937.35

30. GENENTECH INC NEW 11 / 02 / 2006 05 / 15 / 2007 2 , 345.60 2 , 447.70 -102.1075. MERCK & CO INC 02 / 14 / 2007 05 / 24 / 2007 4 , 031.94 3 , 305.25 726.69

180. RELIANT RES INC 02 / 14 / 2007 05 / 24 / 2007 4 , 611.71 2 , 892.60 1 , 719.11100. ALCOA INC 02 / 14 / 2007 05 / 25 / 2007 4 , 035.94 3 , 460.00 575.94400. #REORG /WEBEX COMMUNICATION

S INC CASH MERGER EFF 5 / 29 01 / 04 / 2007 05 / 25 / 2007 22 800.00 14 144.75 8 , 655.2 575. MCDONALDS CORP 02 / 14 / 2007 05 30 2007 3 , 740.94 3 , 380.25 360.69

140. #REORG/ LAUREATE ED INC COMEFF 8-17-2007 09 / 11 / 2006 06 / 12 / 2007 8 , 620.70 6 , 677.23 1 , 943.47

90. HURON CONSULTING GROUP INCCOM STK 09 / 11 / 2006 06 / 13 / 20 7 5 , 943.36 1 3 , 329.32 1 2 , 6 4.04

JSA7F0971 1000


Descri ption

Date

Acq uired

Date

Sold

Gross Sales

Price

Cost or Other

Basis

Short-term

Gain/Loss

180. ECLIPSYS CORP COM 09 / 11 / 2006 06 / 29 / 2007 3 , 615.11 3 , 080.88 534.23100. SURMODICS INC COM 10 / 05 / 2006 07 / 02 / 2007 5 , 020.48 3 , 468.26 1 , 552.22105. TOLL BROS INC COM 03 / 09 / 2007 07 / 02 / 2007 2 , 581.27 3 , 021.32 -440.05110. SURMODICS INC COM 09 / 11 / 2006 07 / 0 3 2007 5 512.56 3, 739.68 1 , 772.88

1390. ARM HLDGS PLC SPONSORED 10 / 05 / 2006 07 / 11 / 2007 12 689.39 8 , 860.90 3 , 82-8.4910. GOLDMAN SACHS GROUP INC 02 / 1 4 2007 07 / 11 / 2007 2 , 167.12 2 , 168.50 -1.38

440. YAHOO INC 02 / 21 / 2007 07 / 11 / 2007 11 732.95 13 074.11 -1 , 341.16200. VALUECLICK INC 09 / 11 / 2006 07 / 16 / 2007 51 798.79 3 , 512.16 2 , 286. 63

.5 DISCOVER FINL SVCS COM 02 / 14 / 2007 07 / 19 / 2007 12.96 13.62 -0.6E1in RFSMFf INC in/nSi/2nnF nA/nF/2007 S_ 9OA_45 ,. 1nS_F4 R02_A1t

490. BEACON ROOFING SUPPLY INC 10 / 05 / 2006 08 / 09 / 2007 6 , 871.55 9 , 756.12 -2 , 884.57160. FLIR SYS INC 10 / 05 / 2006 08 / 09 / 2007 8 , 169.47 4 , 393.57 3 , 775.9020. FASTENAL CO 08 / 31 / 2006 08 / 09 / 2007 1 , 046.57 725.49 321.08

120. RESMED INC 09 / 11 / 2006 08 / 09 / 2007 5 , 384.73 4 , 698.47 686.26510. STAPLES INC 11 / 15 / 2006 08 / 09 / 2007 12 045.60 13 317.02 -1 , 271.42300. VALUEVISION MEDIA 10 / 05 / 2006 08 / 09 / 2007 2 , 565.17 3 , 434.32 -869.1572. FIRSTSERVICE CORP PREF SHS

7.00% SER 1 PFD STK 07 / 23 / 2007 08 / 10 / 2007 1 , 595.98 1 , 062.08 533.90240. VALUEVISION MEDIA 09 / 11 / 2006 08 / 10 / 2007 1 , 970.98 2 , 703.50 -732.5260. BOSTON SCIENTIFIC CORP 02 / 14 / 2007 08 / 14 / 2007 778.19 1 , 035.60 -257.41

235. COUNTRYWIDE CR INDS INC 02 / 14 / 2007 08 / 20 / 2007 4 , 638.50 9 , 879.40 -5 , 240.9 0200. MCGRAW HILL COMPANIES INC 12 / 06 / 2006 09 / 06 / 2007 9 , 968.84 13 409.40 -3 , 440.5 6200. MOBILE MINI INC COM 07 / 12 / 2007 09 / 06 / 2007 4 , 784.90 6 , 015.40 -1 , 230.5090. MOBILE MINI INC COM 06 / 12 / 2007 09 / 07 / 2007 2 , 124.45 1 2 , 683.89 -559.44

230. HOUSTON WIRE & CABLE COCOM STK 04 / 16 / 2007 09 / 10 / 2007 4 , 308.47 6 , 841.32 -2,532.85

260. WAL MART DE MEXICO SA DECV SPON ADR REP V 03 / 01 / 2007 09 / 10 / 2007 8 , 895.81 10 , 393.01 _ -1 , 497.20

15. ADR ASTRAZENECA PLCSPONSORED ADR UNITEDKINGDO 06 / 19 / 2007 09 / 11 / 2007 726.34 778.61 -52.27

100. LCA-VISION INC COM PAR.001 $ .001 01 / 08 / 2007 09 / 11 / 2007 3 , 295.78 3 , 579.48 -283.70

80. LCA-VISION INC COM PAR$. 001 $ .001 01 / 08 / 2007 09 / 11 / 2007 2 , 628.37 2 , 863.58 -235.21

9 1 r_ T.TVT.T.Q T:aDrrn r- ('n TTT;'TA7 na /1 n /')nn'7 no /1 1 /onn'7 A 1 9 QM A 1 )Q 'la _') ao

JSA7F0971 1 000


Descri ption

Date

Acq uired

Date

Sold

Gross Sales

PriceCost or Other

Basis

Short-term

Gain/Loss

30. DEL MONTE FOODS CO 02 / 14 / 2007 09 / 17 / 2007 305.63 348.76 -43.13175. INTEL CORP COM 02 / 14 / 2007 09 / 17 / 2007 4 , 352.20 3 , 708.25 643.9570. DEL MONTE FOODS CO 02 / 14 / 2007 09 / 20 / 2007 717.32 813.76 -96.44

215. NORTEL NETWORKS CORP NEWCOM NEW STK NORTEL NETWORK 02 / 14 / 2007 09 / 20 / 2007 3 , 518.08 6 , 566.10 -3 , 04.8.02

100. MERITAGE HOMES CORP COM 08 / 17 / 2007 09 / 26 / 2007 11 474.66 1 , 775.74 -301.08100. GENZYME CORP GENL DIV 01 / 26 / 2007 10 / 01 / 2007 6 , 368.12 6 , 541.39 -173.2785. DEL MONTE FOODS CO 02 / 14 / 2007 10 / 02 / 2007 897.74 988.14 -90.40

200. MERITAGE HOMES CORP COM 08 / 17 / 2007 10 / 02 / 2007 3_, 092.09 1 3 , 551.48 -459.3 0Fn cAMTnPrT.C TTrr ('nM in /nc /7nnc 1 n /n7 /7nn7 1 '77 A 7a ''7 -'21 F as

2020.25 MFO PIMCO FDS PAC INVTMGMT SER TOTAL RETURN FD I 09 / 28 / 2007 10 / 03 / 2007 21 212.65 21 148.69 63.96

100. SANTARUS INC COM 10 / 05 / 2006 10 / 04 / 2007 263.16 790.39 -527.2320. CONOCOPHILLIPS 04 09 2007 10 / 05 / 2007 1 , 675.37 1 , 370.80 304.57

100. MCCORMICK & SCHMICKSSEAFOOD RESTAURANTSINC COM 12 / 15 / 2006 10 / 08 / 2007 1 , 884.78 2 , 472.47 -587.69

180. MCCORMICK & SCHMICKSSEAFOOD RESTAURANTSINC COM 12 / 14 / 2006 10 / 09 / 2007 3 , 323.41 4 , 362.58 -1 , 039.17

60. WILLIAMS COS INC 02 / 14 / 2007 10 / 09 / 2007 2 , 098.17 1 , 657.20 440.9765. RELIANT RES INC 02 / 14 / 2007 10 / 10 / 2007 1 , 738.46 1 , 044.55 693.9120. GOLDMAN SACHS GROUP INC 08 / 09 / 2007 10 / 19 / 2007 4 , 519.53 4 , 173.05 346.48

205. MASCO CORP 02 / 14 / 2007 10 / 19 / 2007 4 , 598.08 6 , 490.30 -1 , 892.22120. HOME DEPOT INC 02 / 14 / 2007 10 / 26 / 2007 3 , 702.43 5 , 016.00 -1 , 313.57400. BANKATLANTIC BANCORP INC 02 / 08 / 2007 10 / 29 / 2007 1 , 622.93 51 504.00

_-3 , 881.07

530. AMERN MED SYS HLDGS INC

JSA7F0971 1 000


40. QUALCOMM INC 01 / 18 / 2007 11 / 12 / 2007 1 , 527.97 1 , 546.24 -18.2710. ROCKWELL INTL CORP NEW 02 / 21 / 2007 11 / 12 / 2007 692.58 645.40 47.1820. ROCKWELL COLLINS INC 06 / 12 / 2007 11 / 12 / 2007 1 , 477.77 1 , 382.82 94.9550. CHARLES SCHWAB CORP NEW 01 / 26 / 2007 11 / 12 / 2007 1 , 162.48 942.92 219.56

130. SHUFFLE MASTER INC COM 06 / 25 / 2007 11 / 12 / 2007 1 1540.82 2 , 181.45 -640.6320. STARBUCKS CORP 05 / 08 / 2007 11 / 12 / 2007 465.19 606.32 -141.1320. TEXAS INSTRUMENTS INC 07 11 / 2007 11 / 12 / 2007 637.99 758.50 -120.5110. THERMO ELECTRON CORP 11 / 05 / 2007 11 / 12 / 2007 570.29 575.54 -5.2510. 3M CO 10 / 15 / 2007 11 / 12 / 2007 794.38 940.93 -146.5530. COINSTAR INC COM, 01 / 04 / 2007 11 / 20 / 2007 773.68 921.15 -147.4750. #REORG /DJO INC CASH MERGER

EFF 11 / 20 / 07 12 / 08 / 2006 11 / 21 / 2007 2 , 512.50 2 , 194.38 318.1255. GLOBALSANTAFE CORPORATION

ISIN # KYG3930E1017 02 / 14 / 2007 11 / 27 / 2007 4, 360.95 3 , 125. 1 , 235.30118.02 TRANSOCEAN SEDCO FOREX 9

JSA7F0971 1 000


Descri ption

Date

Acq uired

DateSold

Gross SalesPrice

Cost or OtherBasis

Short-term

Gain/Loss

400. SECURITY CAPITAL ASSURANCELTD COM STK USD0.01 10 / 19 / 2007 12 / 27 / 2007 1 , 623.57 10 705.16 -9 , 081.5 9

60. SECURITY CAPITAL ASSURANCELTD COM STK USD0.01 10 / 19 / 2007 12 / 31 / 2007 228.69 1 , 222.06 -993.37

.14 TRANSOCEAN INC COM 02 / 14 / 2007 12 / 31 / 2007 20.57 16.73 3.84

Totals 2859138.00 2759119.00 100 019.00

JSA7F0971 1 000

ROGER & NANCY MCCABE FOUNDATION 26-33017Schedule D Detail of Long-term Capital Gains and Losses

180. ZIMMER HLDGS INC 11 / 21 / 2005 01 / 26 / 2007 14 183.47 11 , 483.58 2 , 699.89250. AFLAC INC 12 / 13 / 2005 01 / 31 / 2007 11 904.48 11 987.88 -83.40

300. ALLIED IRISH BKS PLC ORD 12 / 09 / 2005 02 / 06 / 2007 17 989.46 12 , 419.20 5 , 570.26420. ADR AXA SA SPONSORED ADR 12 / 09 / 2005 02 / 06 / 2007 17 990.44 12 045.60 5 , 944.84335. BP AMOCO P L C SPONSORED 12 / 09 / 2005 02 / 06 / 2007 21 198.15 22 272.80 -1 , 074.65445. BARCLAYS PLC ADR 10 / 26 / 2005 02 / 06 / 2007 26 885.09 17 552.18 9 , 332.91390. ADR CADBURY SCHWEPPES PLC ,

AMERICAN DEPOSITARY RECEIP 10 / 26 / 2005 02 / 06 / 2007 17 900.45 15 018.90 2 , 881.55297. ADR CANON INC. , AMERICAN 10 / 26 / 2005 02 / 06 / 2007 15 345.52 10 493.58 4 , 851.94270. CREDIT SUISSE GROUP

SPONSORED ADR 10 / 26 / 2005 02 / 06 / 2007 19 220.71 11 797.65 7 , 423.06

320. ADR DIAGEO PLC SPONSOREDADR NEW 12 / 09 / 2005 02 / 06 / 2007 25 564.01 18 828.88 6 , 735.13

287. ADR ENI S P A SPONSORED 10 / 26 / 2005 02 / 06 / 2007 18 459.27 15 383.20 3 , 076.07445. GLAXOSMITHKLINE PLC

JSA7F0970 1 000

ROGER & NANCY MCCABE FOUNDATION 26-33017

Schedule D Detail of Long-term Capital Gains and Losses

ADR ISIN #US66987V1098 02 / 03 / 2006 02 / 06 / 2007 23 292.43 21 318.20 1 , 974:23230. ADR ROYAL DUTCH SHELL PLC

SPONSORED ADR REPSTG A SHS 10 / 26 / 2005 02 / 06 / 2007 15 651.02 13 774.70 1 , 876.32355. ADR SANOFI-AVENTIS

SPONSORED ADR 12 / 09 / 2005 02 / 06 / 2007 15 676.32 14 447.15 1 , 229.17190. ADR SIEMENS AG COM DM50 10 / 26 / 2005 02 / 06 / 2007 20 291.38 13 944.10 6 , 347.28480. ADR SOCIETE GENERALE

FRANCE SPONSORED ADR 10 / 26 / 2005 02 / 06 / 2007 17 356.27 10 838.40 6 , 517.871415. ADR SUMITOMO MITSUI FINL 01 / 30 / 2006 02 / 06 / 2007 13 597.73 16 370.14 -2 , 772.41

215. ADR TNT N V SPONSORED ADR 12 / 13 / 2005 02 / 06 / 2007 9 , 706.95 6 , 556.40 3 150.55

700. TESCO PLC SPONSORED ADR 10 / 26 / 2005 02 / 06 / 2007 18 101.44 11 326.00 6 , 775.44370. ADR TOTAL SA 12 / 09 / 2005 02 / 06 / 2007 25 244.32 22 909.26 2 , 335.06640. UNILEVER PLC SPONSORED ADR

NEW 12 / 09 / 2005 02 / 06 / 2007 17 888.86 14 303.33 3 , 585.53950. ADR VODAFONE GROUP PLC NEW

JSA7F0970 1 000


220. DANAHER CORP 12 / 13 / 2005 02 / 07 / 2007 16 237.81 12 , 433.40 _ 3 , 804.41250. DEERE & CO 12 / 09 / 2005 02 / 07 / 2007 26 111.47 15 285.50 10 825.97345. ADR DIAGEO PLC SPONSORED

ADR NEW 12 / 09 / 2005 02 / 07 / 2007 27 483.90 20 362.32 7 , 121.58910. WALT DISNEY CO 12 / 09 / 2005 02 / 07 / 2007 32 249.41 22 099.45 10 149.96390. FASTENAL CO 12 13 2005 02 / 07 / 2007 14 591.63 15 781.06 -1 , 189.43110. GENENTECH INC NEW 12 / 13 / 2005 02 / 07 / 2007 9 , 544.40 10 381.20 -836.80400. GENERAL ELECTRIC CO 12 / 13 / 2005 02 / 07 / 2007 14 451.55 14 305.00 146.55290. INTL BUSINESS MACHINES 12 / 09 / 2005 02 / 07 / 2007 28 975.91 24 411.80 4 , 564.11620. J P MORGAN CHASE & CO 12 / 09 / 2005 02 / 07 / 2007 31 581.83 22 907.00 8 , 674.83520. JABIL CIRCUIT INC 12 / 13 / 2005 02 / 07 / 2007 13 097.04 17 314.62 -4 8, 217.5200. JOHNSON CONTROLS INC 01 / 31 / 2006 02 / 07 / 2007 19 023.01 14 126.56 4 , 896.45470. KELLOGG CO 12 / 09 / 2005 02 / 07 / 2007 23 010.49 21 680.03 1 , 330.46920. MATSUSHITA ELECTRIC

INDUSTRIAL COMPANY LTD SPO 12 / 09 / 2005 02 / 07 / 2007 17 836.41 15 883.68 1 , 952.73

JSA7F0970 1 000


190. SUNCOR ENERGY INC 11 / 21 / 2005 02 / 07 / 2007 13 720.71 10 445.06 3 , 275.6690. TAIWAN SEMICONDUCTOR MFG

LTD SPONSORED ADR 12 / 13 / 2005 02 / 07 / 2007 7 , 686.36 6 , 337.15 1 , 349.21720. TEXAS INSTRUMENTS INC 12 / 09 / 2005 02 / 07 / 2007 22 254.52 21 611.55 642.97465. UST INC 12 / 02 / 2005 02 / 07 / 2007 27 034.36 17 642.10 9 , 392.26180. UNIVISION COMMUNICATIONS

INC CL A 12 / 13 / 2005 02 / 07 / 2007 6 , 445.60 5 , 328.90 1 , 116.70700. ADR VODAFONE GROUP PLC NEW

SPONSORED ADRNEW ADR 12 / 09 / 2005 02 / 07 / 2007 20 815.12 19 878.56 936.56340. WALGREEN CO 11 / 21 / 2005 02 / 07 / 2007 15 434.26 15 885.13 -450.87630. WARNER MUSIC GROUP CORP

COM STK 10 / 26 / 2005 02 / 07 / 2007 12 925.25 9 , 891.00 3 , 034.25100. WESTERN UN CO COM STK 12 / 13 / 2005 02 07 2007 2 , 227.93 1 , 967.38 260.55330. WEYERHAEUSER CO 12 / 09 / 2005 02 / 07 / 2007 25 941.36 21 130.36 4 811.00360. ACCENTURE LTD BERMUDA CL A 12 / 13 / 2005 02 / 07 / 2007 13 998.92 10 152.00 3 , 846.92 1

JSA7F0970 1 000


280. PLAINS EXPL & PRODTN CO 12 / 13 / 2005 02 / 08 / 2007 13 405.98 11 562.94 1 , 843.04210. RALCORP HLDGS INC NEW COM 12 / 13 / 2005 02 / 08 / 2007 12 324.52 8 , 829.77 3 , 494.7 5210. TEREX CORP NEW 10 / 25 / 2005 02 / 08 / 2007 12 433.71 5 , 436.61 6 , 997.10420. TIERONE CORP COM 12 / 12 / 2005 02 / 08 / 2007 12 750.80 11 , 713.40 1 , 037.40950. TRIARC COS INC CL A CL A 12 / 13 / 2005 02 / 08 / 2007 20 193.33 16 138.70

_4 , 054.63

370. WABTEC CORP 10 / 25 / 2005 02 / 08 / 2007 11 969.13 10 027.00 1 , 942.13400. WESTAR ENERGY INC COM 12 / 13 / 2005 02 / 08 / 2007 10 923.66 8 , 920.02 2 , 003.64

1050. WILLBROS GROUP INC COM 12 / 12 / 2005 02 / 08 / 2007 22 324.31 16 301.70 6 , 022.6 1520. WRIGHT EXPRESS CORP COM 12 / 12 / 2005 02 / 08 / 2007 14 788.34 11 , 165.2d 3 , 623.14200. FOSTER WHEELER LTD 10 / 25 / 2005 02 / 08 / 2007 11 105.65 5 , 800.00 5 , 305.6520. WARNER MUSIC GROUP CORP

COM STK 10 / 26 / 2005 02 / 13 / 2007 386.19 314.00 72.19.55 ADR INTESA SANPAOLO S P

A SPONSORED ADR REPSTG ORD 10 / 26 / 2005 T03 / 13 / 2007 23.61 15.60 8.01220. UNIVISION COMMUNICATIONS

JSA7F0970 1 000

ROGER & NANCY MCCABE FOUNDATION 26-33017

Schedule D Detail of Long -term Capital Gains and Losses

200. FASTENAL CO 11 / 08 / 200 5 08 / 09 / 2007 10 465.74 7 , 448.02 3 , 017.72110. PEPSICO INC 12 / 13 / 2005 08 / 09 / 2007 7 , 683.74 6 , 472.75 1 , 21-0.99

210. WALT DISNEY CO 10 / 26 / 2005 08 / 28 / 2007 7 , 060.09 4 , 917.62 2 , 142-4760. ADR ASTRAZENECA PLC

SPONSORED ADR UNITEDKINGDO 10 / 26 / 2005 09 / 11 / 2 07 2 , 905.36 2 , 771.29 134.07

900. CONSECO INC COM NEW STK 12 / 13 / 2005 09 / 13 / 2007 12 064.40 18 922.95 -6 , 858.55

100. SANTARUS INC COM 09 / 11 / 2006 09 / 18 / 2007 255.78 850.53 -594.75

100. SANTARUS INC COM 09 / 11 / 2006 09 / 19 / 2007 263.25 850.53 -587.28

100. SANTARUS INC COM 09 / 11 / 2006 09 / 25 / 2007 284.19 850.53 -566.34

40. SANTARUS INC COM 09 / 11 / 2006 10 / 02 / 2007 105.18 340.21 -235.03

60. FMC TECHNOLOGIES INC COM 10 / 25 / 2005 10 / 03 / 2007 3 , 412.84 1 , 082.15 2 , 330.69

70. FOSTER WHEELER LTD 10 / 25 / 2005 10 / 03 / 2007 9 , 349.56 2 , 030.00 7 , 319.56

100. SANTARUS INC COM 10 / 05 / 2006 10 / 08 / 2007 248.27 790.39 -542.12

200. SANTARUS INC COM 10 / 05 / 2006 10 / 09 / 2007 496.57 1 , 580.78 -1 , 084.21

100. SANTARUS INC COM 10 / 05 / 2006 10 / 09 / 2007 248.59 790.39 -541.80

JSA7F0970 1 000

ROGER & NANCY MCCABE FOUNDATION 26-33017Schedule D Detail of Long -term Capital Gains and Losses

300. COMSTOCK RES INC NEW 12 / 12 / 2005 11 / 07 / 2007 11 324.82 9 , 225.04 2 , 099.78370. COVANTA HLDG CORP COM 10 / 25 / 2005 11 / 07 / 2007 9 , 995.13 4 , 113.8E. 5 , 881.28190. JOY GLOBAL INC 10 / 25 / 2005 11 / 07 / 2007 10 725.33 5 , 781.07 4 , 944.2 6210. MCDERMOTT INTERNATIONAL 10 / 25 / 2005 11 / 07 / 2007 12 043.31 2 , 497.85 9 , 545.46500. PETROHAWK ENERGY CORP COM 05 / 01 / 2006 11 / 07 / 2007 9 , 049.86 6 , 406.15 2 , 643.7120. AMERICAN INTL GROUP INC 12 / 13 / 2005 11 / 12 / 2007 1 , 150.78 1 , 310.00 -159.2230. CVS CORP 07 / 05 / 2006 11 / 12 / 2007 1 , 247.68 901.98 345.7020. COLGATE PALMOLIVE CO 10 / 31 / 2005 11 / 12 / 2007 1 , 542.97 1 , 060.80 482.1720. DANAHER CORP 11 / 08 / 2005 11 / 12 / 2007 1 , 620.37 1 , 070.34 550.0320. EXPRESS SCRIPTS INC CL A 07 / 05 / 2006 11 / 12 / 2007 1 , 271.18 708.96 562.2230. GENERAL ELECTRIC CO 10 / 31 / 2005 11 / 12 / 2007 1 , 158.58 1 1 019.10 139.4860. JABIL CIRCUIT INC 11 / 08 / 2005 11 / 12 / 2007 1 , 152.58 1 , 845.00 -692.4250. JOHNSON CONTROLS INC 01 / 31 / 2006 11 / 12 / 2007 1 , 957.47 1 , 152.33 805.1420. MICROCHIP TECHNOLOGY INC. 11 / 08 / 2005 11 / 12 / 2007 622.99 617.77 5.2220. PAYCHEX INC 11 / 08 / 2005 11 / 12 Z 200- 781.58 799.05 -17.47

JSA7F0970 1 000


30. NWASIVE INC COM 10 / 05 / 2006 11 / 20 / 2007 1 , 228.48 639.64 588.84190. REORG DJO INC CASH MERGER

EFF 11 / 20 / 07 11 / 03 / 2006 11 / 21 / 2007 9 , 547.50 8 , 071.59 1 , 475.91100. ADR ASTRAZENECA PLC

SPONSORED ADR UNITEDKINGDO 10 / 26 / 2005 11 / 23 / 2007 4 , 712.62 4 , 618.81 93.81

TOTAL 15% RATE CAPITAL GAINS ( LOSSES ) 4609412.00 4126775.00 482 637.00

Totals

JSA7F0970 1 000

Form 4562Department of the Treasury

Internal Revenue Service

Name(s) shown on return

t f

OMB No 1545-0172

2007AttachmentSequence No 67

ROGER AND NANCY MCCABE FOUNDATION FORM 990-PF PAGE 1 120-2990948Part I Election To Expense Certain Property Under Section 179 Note : If you have any listed property, complete Part V before you complete Pant I.

1 Maximum amount. See the instructions for a higher limit for certain businesses 1 12 5 , 0 0 0 .

2 Total cost of section 179 property placed in service (see instructions) 2

3 Threshold cost of section 179 property before reduction in limitation 3 500 , 000 .

4 Reduction in limitation Subtract line 3 from line 2. If zero or less, enter -0- 4

5 Dollar limitation for tax year Subtract line 4 from line 1 It zero or less , enter -0- If married filing separately, see instructions 5

6 (a) Description of property (b) Cost (business use only) (c) Elected cost

7 Listed property Enter the amount from line 29 7

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8

9 Tentative deduction. Enter the smaller of line 5 or line 8 9

10 Carryover of disallowed deduction from line 13 of your 2006 Form 4562 10

11 Business income limitation Enter the smaller of business income (not less than zero) or line 5 11

12 Section 179 expense deduction Add lines 9 and 10, but do not enter more than line 11 12

13 Carryover of disallowed deduction to 2008 Add lines 9 and 10, less line 12 ► J 13 = r ''

Note: Do not use Part ll or Part Ill below for listed property. Instead, use Part V

Part II Special Depreciation Allowance and Other Depreciation (Do not include listed property)

14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property) and cellulosic

biomass ethanol plant property placed in service during the tax year 14

15 Property subject to section 168(f)(1) election 15

16 Other depreciation (including ACRS) 16

Part III MACRS Depreciation (Do not include listed property) (See Instructions.)

Section A

17 MACRS deductions for assets placed in service in tax years beginning before 2007 17

18 if you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here ► 0 -

Section B - Assets Placed in Service During 2007 Tax Year Usinq the General Depreciation System

(a) Classification of property(b) Month andyear placedin service

(c) Basis for depreciation(businesslnvestment useonly - see instructions)

( d) Recoveryperiod

(e) Convention (f) Method (g) Depreciation deduction

19a 3-year property

b 5-year property

c 7-year property

d 10-year property

e 15-year property

f 20-year property

g 25-year property 25 yrs S/L

/.5 yrs.27.5 MM S/L

Residential rental property/ 27 5 yrs. MM S/L

N / 39 yrs. MM S/Lonresidential real propertyi

/ MM S/L

Section C - Assets Placed in Service During 2007 Tax Year Using the Alternative Depreciation System

20a Class life - S/L

b 12-year 12 yrs. S/L

c 40-year / 40 yrs. MM S/L

I Part iv summary (see instructions)

21 Listed property. Enter amount from line 28

22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.

Enter here and on the appropriate lines of your return Partnerships and S corporations - see instr.

23 For assets shown above and placed in service during the current year, enter the

portion of the basis attributable to section 263A costs 23

11-03-07 L1 in rVr roper YYV1 K feuU1 UVrl Mt.. I V ULWtC, ere Z1Cpa ate 111117U UtUV11'.

20

Depreciation and Amortization 990-PF(Including Information on Listed Property)

PP. See separate instructions. loo. Attach to your tax return.Business or activity to which this form relates

0.

Form 4562 (2007)

Form 4662 (2007) ROGER AND NANCY MCCABE FOUNDATION 20- 2990948 Page 2Part V Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment,

recreation, or amusement)Note : For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a)through (c) of Section A, all of Section B, and Section C if applicable

Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenger automobiles )

24a Do you have evidence to support the business/investment use clalmed9 L-J Yes No 24b If "Yes," is the evidence written '? Yes No

)Type of property

(b)Date

placed in

(c)Business/investment

(d)Cost or

f p)Basis for depreciation(businesslnvestment

()Recovery

(g)Method/

(h)Depreciation

(I)Elected

(list vehicles first) service use percentage other basis use only )

period Convention deduction section 179cost

25 Special allowance for qualified Gulf Opportunity Zone property placed in service during the tax year and

used more than 50% in a qualified business use 25

27 Property used 50% or less in a qualified business use

S/L- " . .

% S/L

% S/L

28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 28

29 Add amounts in column (), line 26 Enter here and on line 7, page 1 29

Section B - Information on Use of Vehicles

Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner," or related personIf you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section forthose vehicles

30 Total busmesslnvestment miles driven during the

(a)

Vehicle

(b)

Vehicle

(c)

Vehicle

(d)

Vehicle

( e)

Vehicle

(f)

Vehicle

year ( do not include commuting miles)

31 Total commuting miles driven during the year

32 Total other personal (noncommuting) miles

driven

33 Total miles driven during the year

Add lines 30 through 32

34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes Noduring off-duty hours?

35 Was the vehicle used primarily by a more

than 5% owner or related person's

36 Is another vehicle available for personal

use?

Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees

Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5%owners or related persons.

37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes Noemployees'? _

38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your

employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners

39 Do you treat all use of vehicles by employees as personal use?

40 Do you provide more than five vehicles to your employees, obtain information from your employees about

the use of the vehicles, and retain the information received?

41 Do you meet the requirements concerning qualified automobile demonstration use?

Note : If our answer to 37, 38, 39, 40, or 41 is 'Yes,' do not complete Section B for the covered vehicles

Part VI Amortization

( a) I (b) (c) (d) (e) I (f)Description of costs Dare amorbabon Amortizable Code Amortization Amortization

begins amount section p enod or p e rcentage for this year

42 Amortization of costs that begins during your 2007 tax year.

43 Amortization of costs that began before your 2007 tax year _ 43 515.44 Total. Add amounts in column (f). See the instructions for where to report 44 515.

716252/11-03-07 Form 4562 (2007)21

26 t- roperty used more than 50% in a qualltled business use.

.ROGER AND NANCY MCCABE ]NDATION 20-29909.48

FORM.990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 1

CAPITAL GAINS - COLUMN (A)SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

NORTHERN TRUST COMPANY -DIVIDENDS 256,900. 9,513. 247,387.NORTHERN TRUST COMPANY - FOREIGNDIVIDENDS 31,386. 0. 31,386.NORTHERN TRUST COMPANY -NON-TAXABLE DIVIDENDS 215. 0. 215.NORTHERN TRUST COMPANY - USGOVERNMENT INTEREST REPORTED ASDIVIDENDS 11,960. 0. 11,960.

TOTAL TO FM 990-PF, PART I, LN 4 300,461. 9,513. 290,948.

FORM 990-PF OTHER INCOME STATEMENT 2

(A) (B) (C)REVENUE NET INVEST- ADJUSTED

DESCRIPTION PER BOOKS MENT INCOME NET INCOME

REFUND OF PRIOR YEAR TAXES 24,256. 0.

TOTAL TO FORM 990-PF, PART I, LINE 11 24,256. 0.

FORM 990-PF ACCOUNTING FEES STATEMENT 3

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING FEES 1,539. 1,500. 39.

TO FORM 990-PF, PG 1, LN 16B 1,539. 1,500. 39.

15 STATEMENT(S) 1, 2, 3

-ROGER AND NANCY MCCABE TNDAT I ON 2 0 - 29 9 0 9'4 8

FORM.990-PF OTHER PROFESSIONAL FEES STATEMENT 4

DESCRIPTION

AGENCY FEES

TO FORM 990-PF, PG 1, LN 16C

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES

48,662 . 48,000. 662.

48,662 . 48,000. 662.

FORM 990-PF TAXES STATEMENT 5



FOREIGN TAXES PAID 2,359. 2,359. 0.

TO FORM 990-PF, PG 1, LN 18 2,359. 2,359. 0.

FORM 990-PF OTHER EXPENSES STATEMENT 6



SUPPLIES 7. 0. 7.POST OFFICE BOX 168. 100. 68.REGISTRATION FEES 25. 0. 25.AMORTIZATION 515. 515. 0.

TO FORM 990-PF, PG 1, LN 23 715. 615. 100.

FORM 990-PF OTHER INVESTMENTS STATEMENT 7

VALUATION FAIR MARKETDESCRIPTION METHOD BOOK VALUE VALUE

NORTHERN TRUST COMPANY - VARIOUS COSTINVESTMENTS 8,056,141. 8,669,298.

TOTAL TO FORM 990-PF, PART II, LINE 13 8,056,141. 8,669,298.

16 STATEMENT(S) 4, 5, 6, 7

ROGER AND NANCY MCCABE ' TNDATION 20-29.909418

FORM.990-PF PART XV - LINE 1A STATEMENT 8LIST OF FOUNDATION MANAGERS

NAME OF MANAGER

ROGER MCCABENANCY MCCABE

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 9PAID DURING THE YEAR

RECIPIENT NAME AND ADDRESSRECIPIENT RELATIONSHIP RECIPIENTAND PURPOSE OF GRANT STATUS AMOUNT

AMERICAN HEART ASSOCIATION NONE EXEMPT 7,000.4707 WEST 77TH STREET, GENERAL EXPENSESMINNEAPOLIS, MN 55435

ANIMAL HUMANE SOCIETY NONE EXEMPT 5,000.845 MEADOW LANE, MINNEAPOLIS, MN GENERAL EXPENSES55441

ASSISTANCE LEAGUE NONE EXEMPT 3,000.PO BOX 27154, MINNEAPOLIS, MN GENERAL EXPENSES55427

BOYS & GIRLS CLUB TWIN CITIES NONE EXEMPT 15,000.2575 UNIVERSITY AVENUE WEST, GENERAL EXPENSES#100, ST. PAUL, MN 55114

CHILDREN'S HOME SOCIETY NONE EXEMPT 15,000.1605 EUSTIS STREET, ST. PAUL, MN GENERAL EXPENSES55115

FLORIDA GULF COAST UNIVERSITY NONE EXEMPTFOUNDATION 50,000.10501 FGCU BLVD S, FORT MYERS, FL GENERAL EXPENSES33965

HOSPICE MINNESOTA NONE EXEMPT 10,000.1600 UNIVERSITY AVENUE W. #301, GENERAL EXPENSESST. PAUL, MN 55104

17 STATEMENT(S) 8, 9

ROGER AND NANCY MCCABE JNDATION 20-29909.48

IMUS RANCH NONE EXEMPT 10,000.PO BOX 282, HOLTSVILLE, NY 11742 GENERAL EXPENSES

MINNEAPOLIS ART INSTITUTE NONE EXEMPT 3,000.1000 THIRD AVENUE SOUTH, GENERAL EXPENSESMINNEAPOLIS, MN 55404

MINNEAPOLIS CRISIS NURSERY NONE EXEMPT 10,000.5400 GLENWOOD AVENUE, GOLDEN GENERAL EXPENSESVALLEY, MN 55422

MINNESOTA ORCHESTRA NONE EXEMPT 3,000.1111 NICOLLET MALL, MINNEAPOLIS, GENERAL EXPENSESMN 55403

MINNESOTA TIMBERWOLVES FAST BREAK NONE EXEMPTFOUNDATION 22,700.600 FIRST AVENUE NORTH, GENERAL EXPENSESMINNEAPOLIS, MN 55403

MN MEDICAL FOUNDATION; MCNAMARA NONE EXEMPTALUMNI CENTER - UNIVERSITY OFMINNESOTA 5,000.200 OAK STREET SE, #3, GENERAL EXPENSESMINNEAPOLIS, MN 55455

PLANNED PARENTHOOD NONE EXEMPT 25,000.1965 FORD PARKWAY, ST. PAUL, MN GENERAL EXPENSES55116

RESCUE DOG NATIONAL DISASTER NONE EXEMPTSEARCH DOG FOUNDATION 20,000.206 N. SIGAL STREET SUITE R, GENERAL EXPENSESOJAICA, CA 93023

S.N.A.P. NONE EXEMPT 5,000.4986 TOWNLINE ROAD, MAKINEN, MN GENERAL EXPENSES55763

SALVATION ARMY NONE EXEMPT 15,000.2445 PRIOR AVENUE NORTH, GENERAL EXPENSESROSEVILLE, MN 55113

18 STATEMENT(S) 9

-ROGDR AND NANCY MCCABE TNDATION 20-2990948

SCIENCE MUSEUM OF MINNESOTA NONE EXEMPT 3,569.120 WEST KELLOGG BOULEVARD, ST. GENERAL EXPENSESPAUL, MN

SHARING & CARING HANDS NONE EXEMPT 5,000.525 NORTH 7TH STREET, GENERAL EXPENSESMINNEAPOLIS, MN 55405

ST. LOUIS PARK EMERGENCY PROGRAM NONE EXEMPT 15,000.5925 HIGHWAY 7, ST. LOUIS PARK, GENERAL EXPENSESMN 55416

TASKS UNLIMITED NONE EXEMPT 1,000.2419 NICOLLET AVENUE SOUTH, GENERAL EXPENSESMINNEAPOLIS, MN 55404

THE BRIDGE NONE EXEMPT 5,000.2200 EMERSON AVENUE SOUTH, GENERAL EXPENSESMINNEAPOLIS, MN 55405

TRUSTEES OF RESERVATIONS NONE EXEMPT 30,000.LONG HILL; 575 ESSEX STREET, GENERAL EXPENSESBEVERLY, MA 01905

UNION GOSPEL MISSION NONE EXEMPT 5,000.97 NINTH STREET EAST, ST. PAUL, GENERAL EXPENSESMN 55101

UNIVERSITY PEDIATRICS FOUNDATION NONE EXEMPT 60.200 OAK STREET SE, MINNEAPOLIS, GENERAL EXPENSESMN 55455

WAYZATA COMMUNITY CHURCH NONE EXEMPT 15,000.125 E. WAYZATA BLVD., WAYZATA, MN GENERAL EXPENSES55391

WOMENS CLUB OF MINNEAPOLIS NONE EXEMPT 26,000.410 OAK GROVE STREET, GENERAL EXPENSESMINNEAPOLIS, MN 55403

TOTAL TO FORM 990-PF, PART XV, LINE 3A 329,329.

19 STATEMENT(S) 9

form 990-pf return ofprivate foundation treated as a...

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