Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 08-01-2010 , and ending 07-31-2011
G
Check all that apply:
Name of foundation
RALPH HAUGSE MEMORIAL TRUST 50255000
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 3168   Room/suite
City or town, state, and ZIP code
PORTLAND, OR97208
A Employer identification number

27-6400625
B Telephone number (see page 10 of the instructions)

(503) 275-4327
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,765,928J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 164,393 164,393  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 307,599
b Gross sales price for all assets on line 6a 2,754,167
7 Capital gain net income (from Part IV, line 2)... 307,599
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 471,992 471,992  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 37,242 33,518   3,724
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 13,188     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,930 33,518 0 3,724
25 Contributions, gifts, grants paid........ 252,625 252,625
26 Total expenses and disbursements. Add lines 24 and 25 304,555 33,518 0 256,349
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 167,437
b Net investment income (if negative, enter -0-) 438,474
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 228,308 -1,832 -1,832
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 201,090 Click to see attachment99,969 101,897
b Investments—corporate stock (attach schedule)........ 3,376,112 Click to see attachment3,958,274 4,379,194
c Investments—corporate bonds (attach schedule)........ 1,366,146 Click to see attachment1,264,039 1,286,669
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,171,656 5,320,450 5,765,928
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 5,171,656 5,320,450
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,171,656 5,320,450
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,171,656 5,320,450
Part III 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)............... 1 5,171,656
2 Enter amount from Part I, line 27a...................... 2 167,437
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,087
4 Add lines 1, 2, and 3.......................... 4 5,340,180
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 19,730
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 5,320,450
Form 990-PF (2010)
Form 990-PF (2010)
Page 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,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 519. ALLSTATE CORP   2009-08-11 2011-02-01
b 481. ALLSTATE CORP   2009-08-11 2011-04-28
c 500. ALTRIA GROUP INC   2009-08-11 2010-09-02
d 500. ALTRIA GROUP INC   2009-08-11 2010-10-28
e 1000. ALTRIA GROUP INC   2009-08-11 2010-11-15
250. ALTRIA GROUP INC   2009-08-11 2010-11-16
900. ALTRIA GROUP INC   2009-08-11 2010-11-22
150. ALTRIA GROUP INC   2009-08-11 2010-12-21
1082. ALTRIA GROUP INC   2009-08-11 2011-01-26
618. ALTRIA GROUP INC   2009-08-11 2011-02-01
305. AMERICAN ELECTRIC POWER CO INC   2010-11-22 2011-04-12
300. AMERICAN ELECTRIC POWER CO INC   2010-11-15 2011-04-28
. AMERICAN INTERNATIONAL GROUP INC     2010-09-24
173. APACHE CORP   2009-08-11 2011-02-07
148. APACHE CORP   2009-08-11 2011-03-16
25. APPLE INC   2010-06-03 2011-03-16
43. APPLE INC   2010-06-30 2011-07-19
169. AUTOMATIC DATA PROCESSING   2009-08-11 2011-03-16
276. AUTOMATIC DATA PROCESSING   2009-08-11 2011-04-28
200. BANK OF AMERICA CORP   2010-06-03 2011-02-07
250. BANK OF AMERICA CORP   2010-11-15 2011-05-23
478. IPATH DOW JONES UBS COMMODITY   2009-08-11 2011-02-07
522. IPATH DOW JONES UBS COMMODITY   2009-08-11 2011-03-16
500. IPATH DOW JONES UBS COMMODITY   2010-05-12 2011-04-12
250. IPATH DOW JONES UBS COMMODITY   2010-06-03 2011-04-28
100. BERKSHIRE HATHAWAY INC CL B   2010-04-21 2011-04-12
100. BERKSHIRE HATHAWAY INC CL B   2010-06-30 2011-04-28
441. BEST BUY CO INC   2009-08-11 2011-02-01
448. BEST BUY CO INC   2009-08-11 2011-02-07
611. BEST BUY CO INC   2009-08-11 2011-03-16
50000. BILLINGS MT 4.250% 7/01/11   2009-08-11 2011-07-01
1000. BRISTOL-MYERS SQUIBB CO   2010-09-02 2011-02-01
50000. BUTTE SILVER BOW MT 3.125% 11/01/10   2009-08-11 2010-11-01
160. CHEVRONTEXACO CORP   2009-08-11 2011-01-26
215. CHEVRONTEXACO CORP   2009-08-11 2011-02-01
140. CHEVRONTEXACO CORP   2009-08-11 2011-04-12
.5 CITIGROUP INC   2011-01-26 2011-05-25
67. CLIFFS NATURAL RESOURCES INC   2011-01-26 2011-04-12
79. CLIFFS NATURAL RESOURCES INC   2011-01-26 2011-07-19
100. COACH INC   2010-04-21 2011-02-01
750. COMCAST CORP CL A   2009-08-11 2011-02-07
400. EMERSON ELEC CO   2009-08-11 2011-04-12
. ENRON CORP     2011-01-21
258. EXELON CORPORATION   2009-08-11 2011-04-12
42. EXELON CORPORATION   2009-08-11 2011-04-28
500. EXXON MOBIL CORP   2009-08-11 2010-11-15
250. EXXON MOBIL CORP   2009-08-11 2010-11-16
300. EXXON MOBIL CORP   2009-08-11 2010-11-22
256. EXXON MOBIL CORP   2009-08-11 2011-02-07
273. EXXON MOBIL CORP   2009-08-11 2011-03-16
100000. F F C B DEB 2.950% 4/27/15   2010-04-22 2011-04-27
356.773 NUVEEN REAL ESTATE SECS FD CL Y   2009-08-11 2011-03-16
563.998 NUVEEN HIGH INCOME BOND FD CL Y   2010-04-21 2011-03-16
50000. FLORIDA ST CMNTY 4.000% 3/01/14   2009-08-11 2011-07-19
96.0159 FRONTIER COMMUNICATIONS CORP   2010-06-17 2010-08-12
527.9841 FRONTIER COMMUNICATIONS CORP   2009-08-11 2010-08-12
203. GENERAL ELEC CO   2009-08-11 2011-04-12
626. GENERAL ELEC CO   2009-08-11 2011-05-23
24. GILEAD SCIENCES INC   2011-04-12 2011-07-19
25. GOOGLE INC CL A   2009-08-11 2011-01-26
32. GOOGLE INC CL A   2009-08-11 2011-03-16
428. HEWLETT PACKARD CO   2009-08-11 2011-02-07
416. HEWLETT PACKARD CO   2009-08-11 2011-03-16
.87 HOLLYFRONTIER CORP   2011-04-28 2011-07-27
1039. INTEL CORP   2009-08-11 2011-03-16
1260. INTERNATIONAL PAPER CO   2009-08-11 2010-11-22
740. INTERNATIONAL PAPER CO   2009-08-11 2010-12-21
524. INTERNATIONAL PAPER CO   2009-08-11 2011-01-26
634. INTERNATIONAL PAPER CO   2009-08-11 2011-02-01
842. INTERNATIONAL PAPER CO   2009-08-11 2011-03-16
335. J P MORGAN CHASE CO   2009-08-11 2011-02-01
337. J P MORGAN CHASE CO   2009-08-11 2011-03-16
100. JOHNSON & JOHNSON   2010-04-21 2011-04-12
49. JOHNSON & JOHNSON   2010-06-17 2011-04-12
39. JOHNSON & JOHNSON   2010-06-17 2011-04-28
50000. KENAI PENINSULA AK 3.750% 8/01/13   2009-08-11 2011-07-21
750. KRAFT FOODS INC CL A   2009-08-11 2010-11-15
715. KRAFT FOODS INC CL A   2009-08-11 2010-11-22
491. KRAFT FOODS INC CL A   2009-08-11 2011-02-01
481. KRAFT FOODS INC CL A   2009-08-11 2011-02-07
563. KRAFT FOODS INC CL A   2009-08-11 2011-04-12
15000. LAKE CNTY MT 4.350% 7/01/11   2009-08-11 2011-07-01
35000. LAKE CNTY MT 4.350% 7/01/11   2009-08-11 2011-07-01
20000. MADISON CNTY MT 3.750% 7/01/11   2009-08-11 2011-07-01
242. MANPOWER INC   2011-05-23 2011-06-02
203. MC DONALD'S CORP   2010-06-03 2011-04-12
19. MC DONALD'S CORP   2010-06-03 2011-05-23
200. MEDTRONIC INC COMMON STOCK   2009-08-11 2011-04-28
541. MICROSOFT CORP   2009-08-11 2011-02-07
714. MICROSOFT CORP   2009-08-11 2011-03-16
25000. MISSOULA CNTY MT 4.500% 7/01/15   2009-08-11 2011-07-01
25000. MISSOULA CNTY MT 4.100% 7/01/11   2009-08-11 2011-07-01
60000. MISSOULA CNTY MT 3.000% 7/01/11   2009-08-11 2011-07-01
25000. MONTANA FAC FIN AUTH 4.000% 1/01/11   2009-08-11 2011-01-01
5000. MONTANA ST BRD 5.700% 12/01/10   2009-08-11 2010-12-01
15000. MONTANA ST BRD 5.100% 12/01/10   2009-08-11 2010-12-01
5000. MONTANA ST BRD 5.200% 6/01/11   2009-08-11 2010-12-01
30000. MONTANA ST BRD 5.200% 6/01/11   2009-08-11 2011-06-01
237. THE MOSAIC CO   2011-01-26 2011-03-16
5140.51 NUVEEN HIGH INCOME BOND FD CL I   2010-04-29 2011-04-12
414.669 NUVEEN HIGH INCOME BOND FD CL I   2010-05-17 2011-04-12
343.848 NUVEEN REAL ESTATE SECURIT CL I   2009-08-11 2011-04-12
736.455 NUVEEN REAL ESTATE SECURIT CL I   2009-08-11 2011-04-28
500. PEPSICO INC   2009-08-11 2010-10-18
250. PEPSICO INC   2009-08-11 2010-11-15
250. PEPSICO INC   2009-08-11 2010-12-21
239. PEPSICO INC   2009-08-11 2011-03-16
161. PEPSICO INC   2009-08-11 2011-07-19
2500. PFIZER INC COMMON STOCK   2009-08-11 2010-09-02
500. PFIZER INC COMMON STOCK   2009-08-11 2010-09-27
2000. PFIZER INC COMMON STOCK   2009-08-11 2010-11-16
813. PFIZER INC COMMON STOCK   2009-08-11 2011-01-26
777. PFIZER INC COMMON STOCK   2009-08-11 2011-02-07
893. PFIZER INC COMMON STOCK   2009-08-11 2011-03-16
726. PFIZER INC COMMON STOCK   2009-08-11 2011-04-12
500. PHILIP MORRIS INTL   2009-08-11 2010-09-02
500. PHILIP MORRIS INTL   2009-08-11 2010-10-18
500. PHILIP MORRIS INTL   2009-08-11 2010-10-28
250. PHILIP MORRIS INTL   2009-08-11 2010-11-15
480. PHILIP MORRIS INTL   2009-08-11 2010-11-22
455. PHILIP MORRIS INTL   2009-08-11 2011-01-26
315. PHILIP MORRIS INTL   2009-08-11 2011-02-01
90. PROCTER & GAMBLE CO   2009-08-11 2011-07-19
25000. RAVALLI CNTY MT SCH 3.625% 7/01/11   2009-08-11 2011-07-01
. ROYAL DUTCH PETE NY REG N GLDR 1.25     2011-07-01
1.1204 SIMON PROPERTY GROUP INC   2009-12-18 2010-09-27
180.8796 SIMON PROPERTY GROUP INC   2009-09-18 2010-09-27
100000. SNOHOMISH CNTY WA 4.000% 12/01/18   2009-08-11 2011-07-19
741. STAPLES INC COMMON STOCK   2009-08-11 2011-04-12
759. STAPLES INC COMMON STOCK   2009-08-11 2011-04-28
500. STATE STR CORP   2010-11-15 2011-01-26
285. STATE STR CORP   2010-11-22 2011-02-07
252. TARGET CORPORATION   2009-08-11 2011-04-12
247. TARGET CORPORATION   2009-08-11 2011-05-23
364. 3M CO   2009-08-11 2011-03-16
160. 3M CO   2009-08-11 2011-04-12
20000. TOOLE CNTY MT 4.375% 7/01/11   2009-08-11 2011-07-01
100000. U S TREASURY NT 2.625% 12/31/14   2010-04-22 2010-09-27
177. UNITED TECHNOLOGIES CORP   2009-08-11 2011-04-12
200. VARIAN MED SYS INC   2009-08-11 2011-04-28
420. VERIZON COMMUNICATIONS   2009-08-11 2011-01-26
422. VERIZON COMMUNICATIONS   2009-08-11 2011-02-01
629. VERIZON COMMUNICATIONS   2009-08-11 2011-03-16
810. WELLS FARGO & CO NEW   2009-08-11 2011-01-26
545. WELLS FARGO & CO NEW   2009-08-11 2011-03-16
478. WELLS FARGO & CO NEW   2009-08-11 2011-04-12
. TYCO INTERNATIONAL LTD     2010-09-08
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 16,373   14,008 2,365
b 16,171   12,982 3,189
c 11,315   8,805 2,510
d 12,595   8,805 3,790
e 24,690   17,610 7,080
6,082   4,403 1,679
22,068   15,849 6,219
3,781   2,642 1,139
26,227   19,054 7,173
14,492   10,883 3,609
10,523   10,895 -372
10,857   10,992 -135
135     135
20,390   15,051 5,339
17,329   12,876 4,453
8,427   6,580 1,847
16,234   11,010 5,224
8,246   6,381 1,865
14,876   10,421 4,455
2,928   3,211 -283
2,850   3,070 -220
23,512   18,655 4,857
25,131   20,372 4,759
25,555   19,887 5,668
13,040   9,331 3,709
8,157   7,948 209
8,292   8,055 237
15,232   16,366 -1,134
15,720   16,625 -905
18,949   22,674 -3,725
50,000   50,000  
25,303   26,370 -1,067
50,000   50,000  
15,147   10,942 4,205
20,617   14,704 5,913
14,533   9,575 4,958
20   24 -4
6,233   5,848 385
7,891   6,896 995
5,417   4,228 1,189
17,647   11,153 6,494
22,745   14,310 8,435
102     102
10,225   12,959 -2,734
1,745   2,110 -365
35,524   34,395 1,129
17,182   17,198 -16
20,838   20,637 201
21,445   17,610 3,835
22,042   18,780 3,262
100,000   100,125 -125
6,582   4,288 2,294
5,144   4,941 203
51,828   50,432 1,396
725   711 14
3,986   4,159 -173
4,020   2,878 1,142
12,038   8,875 3,163
991   987 4
15,450   11,370 4,080
18,018   14,554 3,464
20,659   18,618 2,041
17,036   18,096 -1,060
63   50 13
20,884   19,518 1,366
31,856   24,331 7,525
20,009   14,289 5,720
15,091   10,118 4,973
18,614   12,243 6,371
21,479   16,259 5,220
15,223   13,978 1,245
14,909   14,061 848
5,992   6,569 -577
2,936   2,887 49
2,542   2,298 244
52,104   50,627 1,477
23,062   21,413 1,649
21,721   20,413 1,308
14,965   14,018 947
14,758   13,733 1,025
17,955   16,074 1,881
15,000   15,000  
35,000   35,000  
20,000   20,000  
14,152   14,687 -535
15,554   13,801 1,753
1,559   1,292 267
8,388   7,342 1,046
15,261   12,565 2,696
17,807   16,583 1,224
25,000   25,000  
25,000   25,000  
60,000   60,000  
25,000   25,000  
5,000   5,000  
15,000   15,000  
5,000   5,004 -4
30,000   30,000  
18,244   18,723 -479
47,447   45,059 2,388
3,827   3,529 298
6,499   4,133 2,366
15,031   8,852 6,179
33,334   28,610 4,724
16,122   14,305 1,817
16,395   14,305 2,090
14,931   13,676 1,255
10,982   9,212 1,770
40,725   39,625 1,100
8,570   7,925 645
33,040   31,700 1,340
14,975   12,886 2,089
14,747   12,315 2,432
17,369   14,154 3,215
14,854   11,507 3,347
26,505   23,633 2,872
29,075   23,633 5,442
29,670   23,633 6,037
14,942   11,816 3,126
28,344   22,687 5,657
26,098   21,506 4,592
18,260   14,888 3,372
5,802   4,689 1,113
25,000   25,000  
31     31
105   85 20
17,031   11,405 5,626
111,205   103,953 7,252
14,844   16,369 -1,525
16,008   16,766 -758
23,695   22,080 1,615
13,503   12,227 1,276
12,534   10,636 1,898
12,244   10,425 1,819
32,264   25,819 6,445
14,728   11,349 3,379
20,000   20,000  
106,394   100,965 5,429
14,784   9,864 4,920
14,090   7,237 6,853
15,263   12,119 3,144
15,221   12,176 3,045
21,784   18,149 3,635
26,301   22,360 3,941
17,200   15,045 2,155
14,866   13,195 1,671
89     89
      10
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       2,365
b       3,189
c       2,510
d       3,790
e       7,080
      1,679
      6,219
      1,139
      7,173
      3,609
      -372
      -135
      135
      5,339
      4,453
      1,847
      5,224
      1,865
      4,455
      -283
      -220
      4,857
      4,759
      5,668
      3,709
      209
      237
      -1,134
      -905
      -3,725
       
      -1,067
       
      4,205
      5,913
      4,958
      -4
      385
      995
      1,189
      6,494
      8,435
      102
      -2,734
      -365
      1,129
      -16
      201
      3,835
      3,262
      -125
      2,294
      203
      1,396
      14
      -173
      1,142
      3,163
      4
      4,080
      3,464
      2,041
      -1,060
      13
      1,366
      7,525
      5,720
      4,973
      6,371
      5,220
      1,245
      848
      -577
      49
      244
      1,477
      1,649
      1,308
      947
      1,025
      1,881
       
       
       
      -535
      1,753
      267
      1,046
      2,696
      1,224
       
       
       
       
       
       
      -4
       
      -479
      2,388
      298
      2,366
      6,179
      4,724
      1,817
      2,090
      1,255
      1,770
      1,100
      645
      1,340
      2,089
      2,432
      3,215
      3,347
      2,872
      5,442
      6,037
      3,126
      5,657
      4,592
      3,372
      1,113
       
      31
      20
      5,626
      7,252
      -1,525
      -758
      1,615
      1,276
      1,898
      1,819
      6,445
      3,379
       
      5,429
      4,920
      6,853
      3,144
      3,045
      3,635
      3,941
      2,155
      1,671
      89
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 307,599
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) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
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?
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 page 18 of the 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 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 4,386 5,203,150 0.000843
2008      
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.000843
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 0.000843
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 5,766,364
5 Multiply line 4 by line 3....................... 5 4,861
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,385
7 Add lines 5 and 6......................... 7 9,246
8 Enter qualifying distributions from Part XII, line 4.............. 8 256,349
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 on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,385
hereBulletand enter 1% 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 4,385
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 4,385
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 9,794
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,794
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,409
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet4,388 Refunded Bullet 11 1,021
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a 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?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
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
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    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
    Yes
     
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
    Yes
     
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 275-4327
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    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
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    b
    If any answer is “Yes” to 1a(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 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    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)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    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 page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    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 2010?
    4b
     
    No
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    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?............
    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?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK TRUSTEE
    1     		38,742    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the 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...................
    1a
    5,775,090
    b
    Average of monthly cash balances.......................
    1b
    79,087
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,854,177
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    5,854,177
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    87,813
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,766,364
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    288,318
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    288,318
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    4,385
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,385
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    283,933
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    283,933
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    283,933
    Part XII
    Qualifying Distributions (see page 25 of the 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 ..........
    1a
    256,349
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    256,349
    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 (see page 26 of the instructions)............
    5
    4,385
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    251,964
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 283,933
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 253,071
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 0
    c From 2007....... 0
    d From 2008....... 0
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 256,349
    a Applied to 2009, but not more than line 2a 253,071
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 3,278
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 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 which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		280,655
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    REBEKAH FINK -US BANK PCG
    302 N LAST CHANCE GULCH
    HELENA,MT59601
    (406) 454-5004
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT REBEKAH FINK
    cAny submission deadlines:
    CONTACT REBEKAH FINK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS FOR GRADUATES OF GREAT FALLS, MT HIGH SCHOOLS
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59625     		NONE COLLEGE SCHOLARSHIPS 20,210
    COLORADO SCHOOL OF MINES
    1500 ILLINOIS STREET
    GOLDEN,CO80401     		NONE SCHOOL SCHOLARSHIPS 10,105
    GREAT FALLS COLLEGE OF
    TECHNOLOGY
    2100 16TH AVE SOUTH
    GREAT FALLS,MT59405     		NONE COLLEGE SCHOLARSHIPS 10,105
    MONTANA STATE UNIVERSITY
    PO BOX 172000
    BOZEMAN,MT59717     		NONE UNIVERSITY SCHOLARSHIPS 101,050
    MONTANA TECH OF THE UOM
    1300 WEST PARK ST
    BUTTE,MT59701     		NONE UNIVERSITY SCHOLARSHIPS 10,105
    UNIVERSITY OF GREAT FALLS
    1301 20TH ST SOUTH
    GREAT FALLS,MT59405     		NONE UNIVERSITY SCHOLARSHIPS 20,210
    UNIVERSITY OF MONTANA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE UNIVERSITY SCHOLARSHIPS 70,735
    UNIV OF MONTANA-WESTERN
    710 SOUTH ATLANTIC ST
    DILLON,MT59725     		NONE UNIVERSITY SCHOLARSHIPS 10,105
    Total .................................bullet 3a 252,625
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 164,393  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 307,599  
    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)..   471,992  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13471,992
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of 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....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    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?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    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 belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 1,500      

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND 118,175 122,645
    BUTTE SILVER BOW NT CITY CNTY    
    MONTANA ST BRD HSG 5.7    
    MONTANA ST BRD HST 5.1    
    MONTANA FAC FIN AUTH 4.00    
    MONTANA ST BRD HSG 5.2    
    MISSOULA CNTY MT SCH DIST3.00    
    RAVALLI CNTY MT SCH DIST 3.625    
    LAKE CNTY MT HIGH SCH 4.35    
    LAKE CNTY MONT ELEM SCH 4.35    
    BILLINGS MT 4.25    
    TOOLE CNTY MT HIGH SCH 4.375    
    MISSOULA CNTY MT SCH 4.10    
    MADISON CNTY MT K 12 SCH 3.75    
    MONTANA ST BRD REGENTS 3.4 26,159 25,540
    MONTANA FAC FIN AUTH 4.1 53,137 51,595
    MISSOULA CNTY MT SCH 3.00 61,840 61,174
    TETON CNTY MONT HIGH 4.125 10,834 10,359
    MISSOULA CNTY MT4.00 26,924 25,750
    TETON CNTY MONT HIGH SCH 4.2 10,755 10,349
    MADISON CNTY MT K 12 4.00 31,931 30,976
    KENAI PENINSULA BORO AK 3.75    
    MONTANA FAC FIN 4.00 32,830 31,492
    MONTANA FAC FIN AUTH 4.00 21,886 20,994
    FLORIDA ST CMNTY SVCS CORP 4.0    
    MONTANA FAC FIN AUTH REV 4.125 10,984 10,514
    MONTANA FAC FIN AUTH REV 4.125 10,984 10,514
    MISSOULA CNTY MT HIGH SCHOOL 4    
    MONTANA ST DEPT TRANSN 4.0 53,858 56,233
    YELLOWSTONE CNTY MT HIGH 4.0 52,613 53,901
    FLATHEAD CNTY MT 3.5 130,676 137,199
    SNOHOMISH CNTY WA SCH 4.0    
    AMERICAN CENTY INTL BD FD 60,496 62,606
    ISHARES BARCLAYS TIPS BD 121,062 126,729
    ISHARES JP MORGAN EM BD FD 72,965 75,716
    GENERAL ELEC CAP CORP 2.80 50,991 51,293
    ROYAL BANK OF CA 2.100 50,105 51,376
    ROYAL BK CDA VAR 25,000 23,967
    NOVARTIS CAPITAL CORP 2.900 100,698 105,956
    TARGET CORP 3.875 78,419 77,594
    BARCLAYS BANK PLC 3.90 50,717 52,197

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NOVARTIS CAPITAL CORP    
    ROYAL BANK OF CA    
    ABBOTT LABORATORIES 23,975 25,403
    ALLSTATE CORP    
    ALTRIA GROUP INC    
    AMERICAN ELECTRIC POWER CO INC 6,544 7,372
    APACHE CORP 37,323 53,076
    APPLE INC 79,678 97,620
    AUTOMATIC DATA PROCESSING 5,852 7,981
    BANK OF AMERICA CORP 20,909 15,051
    BERKSHIRE HATHAWAY INC    
    BEST BUY CO INC    
    CHEVRON CORPORATION 19,491 29,646
    COACH INC 14,860 25,824
    COMCAST CORP    
    EMERSON ELEC CO    
    EXELON CORPORATION 26,829 30,849
    EXXON MOBIL CORP 63,356 73,487
    FRONTIER COMMUNICATIONS    
    GENERAL ELECTRIC CO 29,283 35,569
    GOLDMAN SACHS GROUP INC 29,267 26,994
    GOOGLE INC 19,557 25,959
    HEWLETT PACKARD CO 17,661 14,279
    ILLINOIS TOOL WORKS 21,435 24,153
    INTEL CORP 36,837 43,789
    INTERNATIONAL PAPER CO    
    J P MORGAN CHASE CO 53,742 52,100
    JOHNSON & JOHNSON 43,932 46,778
    KRAFT FOODS INC    
    MCDONALDS CORP 37,214 45,661
    MEDTRONIC INC    
    MICROSOFT CORP 33,560 39,593
    ORACLE CORPORATION 42,749 61,160
    PEPSICO INC 34,332 38,424
    PFIZER INC 28,387 34,475
    PHILIP MORRIS INTL    
    PRAXAIR INC 30,642 41,456
    PROCTER & GAMBLE CO 36,473 43,043
    QUALCOMM INC 45,760 54,780
    SIMON PROPERTY GROUP INC    
    STAPLES INC    
    TARGET CORPORATION 25,907 25,796
    UNITED PARCEL SERVICE INC 16,057 20,766
    UNITED TECHNOLOGIES CORP 34,720 51,609
    VARIAN MED SYS INC    
    VERIZON COMMUNICATIONS INC 31,886 39,842
    WELLS FARGO CO 32,215 32,606
    3M CO 19,577 24,051
    SCHLUMBERGER LTD 27,555 46,992
    NUVEEN REAL ESTATE SECURITIES 111,186 138,006
    I SHARES MSCI EAFE INDEX 537,562 588,861
    IPATH DOW JONES UBS COMMODITY 161,530 181,781
    ISHARES MSCI EMERGING MKTS 305,955 327,886
    I SHARES RUSSELL 2000 INDEX 230,719 264,737
    I SHARES S & P PREF STK INDX 190,575 193,500
    MIDCAP SPDR TRUST SERIES 383,453 441,637
    BOEING CO 14,911 14,376
    BRISTOL MYERS SQUIBB CO 13,065 14,330
    BRUNSWICK CORP 13,714 12,596
    CAPITAL ONE FIN CORP 14,847 13,049
    CATERPILLAR INC 15,168 14,720
    CISCO SYS INC 18,597 13,846
    CITIGROUP INC 77,052 69,242
    CLIFFS NATURAL RESOURCES INC 8,729 8,982
    DIRECTV 14,970 16,370
    DISNEY WALT CO 32,079 30,046
    E M C CORP 14,907 15,074
    EATON CORP 15,139 14,145
    ECOLAB INC 30,323 29,850
    EXPRESS SCRIPTS INC 14,869 15,518
    FOOT LOCKER INC 15,019 16,710
    FORD MOTOR CO 14,849 12,210
    FREEPORT MCMORAN COPPER GOLD 22,671 23,832
    GENERAL MILLS INC 14,887 15,575
    GILEAD SCIENCES INC 13,981 14,402
    HOLLYFRONTIER CORP 14,663 19,375
    MASTERCARD INC 17,778 22,441
    MCKESSON CORP 6,497 8,112
    NATIONAL OILWELL VARCO INC 15,313 15,872
    ON SEMICONDUCTOR CORP 20,598 15,764
    P G E CORP 15,015 13,465
    PRUDENTIAL FINANCIAL INC 14,870 14,670
    ST JUDE MED INC 15,124 13,113
    STARBUCKS CORP 25,028 36,482
    SUNTRUST BKS INC 29,753 26,106
    TERADATA CORP 15,041 15,114
    THERMO FISHER SCIENTIFIC INC 14,866 16,705
    UNITED HEALTH GROUP INC 14,910 17,569
    WAL MART STORES INC 30,110 28,253
    WALGREEN CO 15,025 13,547
    WHITING PETROLEUM CORP 15,476 13,888
    WINDSTREAM CORP 15,060 14,310
    ACE LTD 15,009 15,137
    CHECK POINT SOFTWARE TECH LTD 15,503 19,025
    DRIEHAUS ACTIVE INCOME FD 123,071 121,565
    HIGHLAND LONG SHORT EQUITY Z 61,135 61,417
    SPDR DJ WILSHIRE INTERNATIONAL 59,536 59,964
    TFS MARKET NEUTRAL FD 60,571 59,835

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    US Government Securities - End of Year Book Value:

    99,969
    US Government Securities - End of Year Fair Market Value:

    101,897
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2010 OtherDecreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Description Amount
    RECEIVED VS REPORTED SECURITIES 720
    ADJUSTMENTS FOR AMMORTIZATION 19,010


    TY 2010 OtherIncreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Description Amount
    RECEIVED VS REPORTED SECURITIES PY 596
    ACCRUED INTEREST PAID PY 491


    TY 2010 TaxesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID ON QUAL 681 0   0
    FOREIGN TAX PAID ON NON-QUAL 12 0   0
    FED EXCISE TAX PAID 2,701 0   0
    FED EXCISE ESTIMATES 9,794 0   0