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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
GALLAGHER WESTERN MONTANA CHARITABLE
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 4787   Room/suite
City or town, state, and ZIP code
MISSOULA, MT59806
A Employer identification number

91-2138399
B Telephone number (see instructions)

(503) 275-4327
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,882,731J 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 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)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 141,800 141,800  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 94,214
b Gross sales price for all assets on line 6a 1,192,468
7 Capital gain net income (from Part IV, line 2)... 94,214
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)....... Click to see attachment 4,150 4,150  
12 Total. Add lines 1 through 11........ 240,164 240,164  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,949 18,854   2,095
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 4,316 0 0 4,316
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment 32,004     32,004
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 7,477 1,845   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)....... Click to see attachment 740     740
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 66,986 20,699 0 40,655
25 Contributions, gifts, grants paid........ 285,000 285,000
26 Total expenses and disbursements. Add lines 24 and 25 351,986 20,699 0 325,655
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -111,822
b Net investment income (if negative, enter -0-) 219,465
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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............... 1,085 1,881 1,881
2 Savings and temporary cash investments.......... 20,258 94,644 94,644
3 Accounts receivable bullet4,693
Less: allowance for doubtful accounts bullet     4,693 4,693
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) 566,737 Click to see attachment339,380 357,055
b Investments—corporate stock (attach schedule)........ 3,629,122 Click to see attachment3,561,496 4,075,454
c Investments—corporate bonds (attach schedule)........ 1,093,912 Click to see attachment1,200,793 1,271,771
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 80,833 Click to see attachment77,233 77,233
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) 5,391,947 5,280,120 5,882,731
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......... 5,391,947 5,280,120
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).................... 5,391,947 5,280,120
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,391,947 5,280,120
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 5,391,947
2 Enter amount from Part I, line 27a..................... 2 -111,822
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,280,125
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,280,120
Form 990-PF (2012)
Form 990-PF (2012)
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 357. TYCO INTERNATIONAL LTD   2011-10-07 2012-01-20
b 2540.309 LAUDUS INTL MARKETMASTERS FUND SEL   2007-09-20 2012-02-10
c 1726.71 SCOUT INTERNATIONAL FUND   2011-04-08 2012-02-10
d 40. APPLE COMPUTER INC   2008-09-29 2012-02-23
e 650. ILLINOIS TOOL WKS INC     2012-02-23
76. CLIFFS NATURAL RESOURCES INC   2010-03-19 2012-03-15
295. EATON CORP   2011-03-16 2012-03-15
337. THERMO FISHER SCIENTIFIC INC   2011-03-16 2012-03-15
632. WYNDHAM WORLDWIDE CORP   2011-10-07 2012-03-15
20. APPLE COMPUTER INC     2012-03-20
100000. F H L B DEB 3.600% 4/19/17   2010-03-29 2012-04-19
100000. U S TREASURY NT 3.375% 11/30/12   2008-01-17 2012-05-21
160. ECOLAB INC     2012-07-03
15. UNITED PARCEL SERVICE INC CL B   2005-03-09 2012-07-03
79. CATERPILLAR INC   2011-02-01 2012-07-09
1083. FIFTH THIRD BANCORP   2011-03-03 2012-07-09
241. NOBLE ENERGY INC   2011-10-07 2012-07-09
366. WALGREEN COMPANY COMMON STOCK   2011-03-16 2012-07-09
1766.783 AMERICAN CENTY SMALL CP GROWTH INSTL     2012-07-11
180. APACHE CORP   2003-10-29 2012-07-11
370. CAPITAL ONE FINANCIAL CORP   2011-10-07 2012-07-11
230. COCA COLA CO   2011-10-07 2012-07-11
394. DOLLAR TREE INC   2011-10-07 2012-07-11
440.00052 FREEPORT MCMORAN COPPER GOLD   2010-02-11 2012-07-11
3.99948 FREEPORT MCMORAN COPPER GOLD   2010-02-11 2012-07-11
185. ISHARES IBOXX H Y CORP BOND   2011-05-17 2012-07-11
345. J P MORGAN CHASE & CO     2012-07-11
120. J P MORGAN CHASE & CO   2008-10-31 2012-07-11
15. J P MORGAN CHASE & CO   2008-12-09 2012-07-11
1912.279 NUVEEN INFLATION PRO SEC CL I   2012-02-10 2012-07-11
520. ORACLE CORPORATION   2006-12-05 2012-07-11
155. PERRIGO CO   2011-10-07 2012-07-11
281. POLARIS INDS INC   2011-10-07 2012-07-11
275. QUALCOMM INC     2012-07-11
405.186 T ROWE PRICE SM CAP VAL     2012-07-11
350. STATE STR CORP   2011-08-11 2012-07-11
210. WAL MART STORES INC   2011-01-14 2012-07-11
135. INGERSOLL RAND PLC   2011-10-07 2012-07-11
25000. BARCLAYS 18MO 200% SPX 7/19/12   2011-01-14 2012-07-19
765. IPATH DOW JONES UBS COMMODITY   2007-11-28 2012-08-07
214. HUMANA INC   2011-10-07 2012-08-07
148. NATIONAL OILWELL INC COM   2011-01-26 2012-08-07
477. INGERSOLL RAND PLC   2011-10-07 2012-08-07
75000. BARCLAYS BANK PLC 5.450% 9/12/12   2007-10-02 2012-09-12
75000. F N M A M T N 1.375% 10/19/16   2011-09-22 2012-10-19
. TELE COMMUNICATIONS SYSTEMS INC     2012-10-25
112. APACHE CORP   2012-08-07 2012-11-05
520. INTEL CORP     2012-11-05
325. MICROSOFT CORP     2012-11-05
305. P N C FINANCIAL SERVICES GROUP INC   2012-07-03 2012-11-05
535. VALERO ENERGY CORP   2012-08-07 2012-11-05
450. MIDCAP SPDR TRUST SERIES I E T F   2007-02-12 2012-11-12
. BANK OF AMERICA CORP     2012-12-03
. COUNTRYWIDE FINANCIAL CORPORATION     2012-12-31
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 17,603   15,132 2,471
b 45,827   60,143 -14,316
c 52,889   58,933 -6,044
d 20,517   4,395 16,122
e 36,579   28,655 7,924
5,373   4,852 521
14,854   15,139 -285
19,438   18,022 1,416
28,839   18,546 10,293
12,050   1,760 10,290
100,000   100,000  
101,680   102,133 -453
10,938   5,132 5,806
1,189   1,169 20
6,580   7,701 -1,121
14,317   15,324 -1,007
20,427   18,398 2,029
10,757   14,988 -4,231
14,894   16,200 -1,306
15,291   6,248 9,043
20,043   15,223 4,820
17,811   15,228 2,583
20,354   15,464 4,890
14,260   16,179 -1,919
130   147 -17
16,803   17,077 -274
11,937   15,025 -3,088
4,152   4,686 -534
519   523 -4
22,871   22,259 612
15,142   9,799 5,343
17,656   14,869 2,787
20,252   15,137 5,115
14,880   4,590 10,290
14,968   15,624 -656
15,123   12,083 3,040
15,084   11,539 3,545
5,447   3,743 1,704
27,335   25,000 2,335
32,657   42,075 -9,418
13,688   15,004 -1,316
11,511   10,398 1,113
20,782   13,227 7,555
75,000   76,042 -1,042
75,000   75,000  
13     13
8,988   9,826 -838
11,388   13,851 -2,463
9,558   8,383 1,175
17,687   18,932 -1,245
15,262   15,510 -248
79,413   69,120 10,293
12     12
1,881     1,881
      319
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       2,471
b       -14,316
c       -6,044
d       16,122
e       7,924
      521
      -285
      1,416
      10,293
      10,290
       
      -453
      5,806
      20
      -1,121
      -1,007
      2,029
      -4,231
      -1,306
      9,043
      4,820
      2,583
      4,890
      -1,919
      -17
      -274
      -3,088
      -534
      -4
      612
      5,343
      2,787
      5,115
      10,290
      -656
      3,040
      3,545
      1,704
      2,335
      -9,418
      -1,316
      1,113
      7,555
      -1,042
       
      13
      -838
      -2,463
      1,175
      -1,245
      -248
      10,293
      12
      1,881
       
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 94,214
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 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))
2011 332,264 5,761,288 0.057672
2010 289,468 5,474,641 0.052874
2009 318,165 5,089,098 0.062519
2008 383,650 5,963,233 0.064336
2007 463,537 6,994,895 0.066268
2 Total of line 1, column (d) ...................... 2 0.303669
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 0.060734
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 5,747,015
5 Multiply line 4 by line 3....................... 5 349,039
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,195
7 Add lines 5 and 6......................... 7 351,234
8 Enter qualifying distributions from Part XII, line 4.............. 8 325,655
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 4,389
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 4,389
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 4,389
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 4,164
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 4,164
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 9 225
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11 0
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 instructions)
    bulletMT, DE
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    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+4bullet97204
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 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 2012 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 2012.)....................
    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 2012?
    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 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 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 (2012)
    Form 990-PF (2012)
    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 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 AGENT
    1     		22,449    
    PO BOX 3168
    PORTLAND,OR97208
    CAROLYN MONTGOMERY DIRECTOR
    1     		32,004    
    PO BOX 3387
    MISSOULA,MT89806
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 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 (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    5,677,705
    b
    Average of monthly cash balances.......................
    1b
    77,467
    c
    Fair market value of all other assets (see instructions)................
    1c
    79,361
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,834,533
    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
    5,834,533
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    87,518
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,747,015
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    287,351
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    287,351
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    4,389
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,389
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    282,962
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    282,962
    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
    282,962
    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 ..........
    1a
    325,655
    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
    325,655
    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 instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    325,655
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 282,962
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 127,306
    b From 2008....... 88,734
    c From 2009....... 66,324
    d From 2010....... 18,431
    e From 2011....... 48,364
    fTotal of lines 3a through e......... 349,159
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 325,655
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 282,962
    e Remaining amount distributed out of corpus 42,693
    5 Excess distributions carryover applied to 2012. 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 5 391,852
    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 instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		127,306
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		264,546
    10 Analysis of line 9:
    a Excess from 2008.... 88,734
    b Excess from 2009.... 66,324
    c Excess from 2010.... 18,431
    d Excess from 2011.... 48,364
    e Excess from 2012.... 42,693
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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 or e-mail of the person to whom applications should be addressed:
    CAROLYN MONTGOMERY
    PO BOX 3387
    MISSOULA,MT59806
    (406) 240-6353
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    CONTACT ABOVE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARITIES IN THE STATE OF MONTANA
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    UNITED WAY OF MISSOULA CO
    534 NORTH HIGGINS AVE
    MISSOULA,MT59807     		NONE PUBLIC COMMUNITY CAMPAIGN 50,000
    MISSOULA FAMILY YMCA
    3000 S RUSSELL STREET
    MISSOULA,MT59801     		NONE PUBLIC FINANCIAL AID 7,500
    MISSOULA CHILDREN'S
    THEATRE INC
    200 NORTH ADAMS
    MISSOULA,MT59802     		NONE PUBLIC TOURING IN W MT 10,000
    FRENCHTOWN PUBLIC SCHOOL
    DISTRICT NO 40
    PO BOX 117
    FRENCHTOWN,MT59834     		NONE PUBLIC NEW TRACK 5,000
    BOYS & GIRLS CLUB OF
    MISSOULA COUNTY
    1515 FAIRVIEW AVE SUITE 243
    MISSOULA,MT59801     		NONE PUBLIC EMERGENCY OPERATING 7,500
    INTERMOUNTAIN CHILDREN'S HOME
    500 S LAMBORN
    HELENA,MT59601     		NONE PUBLIC CAPITAL CAMPAIGN-FLATHEAD 25,000
    A CAROUSEL FOR MISSOULA
    PO BOX 3345
    MISSOULA,MT59806     		NONE PUBLIC CIVIC ENGAGEMENT COURSE 3,500
    ART MOBILE OF MONTANA
    C/O SOUTHWEST MT ACCOUNTANCY GROUP
    610 N MONTANA
    DILLON,MT59725     		NONE PUBLIC ART MOBILE TO SCHOOLS 2,500
    POVERELLO
    535 RYMAN ST
    MISSOULA,MT59807     		NONE PUBLIC FOR PROJECT CAPITAL 15,000
    WATSON CHILDREN'S SHELTER
    4978 BUCKHOUSE LANE
    MISSOULA,MT59804     		NONE PUBLIC FOR SUMMER PROGRAMS 7,500
    FLAGSHIP PROGRAM
    ROSIE BUZZAS-EXEC DIR
    1325 WYOMING ST
    MISSOULA,MT59801     		NONE PUBLIC WILLARD ALTERNATIVE SCHOOL 7,500
    CASA-MSLA
    PO BOX 7433
    MISSOULA,MT59807     		NONE PUBLIC VOICES FOR CHILDREN 5,000
    BOYS & GIRLS CLUB-RONAN
    FLATHEAD RESERVATION & LAKE CO
    PO BOX 334
    RONAN,MT59864     		NONE PUBLIC SUMMER PROGRAMS 5,000
    BIG BROTHERS & BIG SISTERS
    MISSOULA
    1520 SOUTH RUSSELL ST
    MISSOULA,MT59802     		NONE PUBLIC FOSTER CARE PROGRAM 7,500
    MISSOULA PARKS AND RECREATION
    100 HICKORY ST
    MISSOULA,MT59801     		NONE PUBLIC ALL ABILITIES PLAYGROUND 5,000
    NATIONAL COALITION
    BUILDING INSTITUTE
    1280 S 3RD ST W
    MISSOULA,MT59801     		NONE PUBLIC YOUTH DEVELOPMENT 5,000
    RIALTO COMMUNITY THEATRE
    PO BOX 874
    DEER LODGE,MT59722     		NONE PUBLIC THEATER RESTORATION 3,000
    MSLA CULTURAL COUNCIL
    1121 E BROADWAY STE 106
    MISSOULA,MT59807     		NONE PUBLIC FOR FIRST NIGHT EVENTS 2,500
    YOUTH HOMES INC
    PO BOX 7616
    MISSOULA,MT59807     		NONE PUBLIC GRANT FOR SUPPORTED 20,000
    MISSOULA WRITING COLLABORATIVE
    PO BOX 9237
    MISSOULA,MT59802     		NONE PUBLIC WRITING RESIDENCIES 7,500
    ZOOTOWN COMMUNITY ARTS CENTER
    235 NORTH 1ST ST W
    MISSOULA,MT59802     		NONE PUBLIC COMMUNITY ARTS EDUCATION 5,000
    MAIN STREET UPTOWN BUTTE
    PO BOX 696
    BUTTE,MT59703     		NONE PUBLIC FOR FAMILY AREA 5,000
    TAMARACK GRIEF RESOURCE
    516 ORANGE ST
    MISSOULA,MT59801     		NONE PUBLIC FOR CAPITAL 3,500
    YWCA OF MISSOULA MT
    1130 W BROADWAY
    MISSOULA,MT59802     		NONE PUBLIC REMODEL SECRET SECONDS 20,000
    W MT MENTAL HEALTH
    BUILDING T-9 FORT MISSOULA
    MISSOULA,MT59804     		NONE PUBLIC FOR CAPITAL 25,000
    PARTNERSHIP FOR CHILDREN
    PO BOX 8134
    MISSOULA,MT59807     		NONE PUBLIC STAFF THERAPIST 25,000
    Total .................................bullet 3a 285,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 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....     14 141,800  
    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 94,214  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aACCRUED INCOME     14 2,680  
    bPARTNERSHIP INCOME     14 1,470  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   240,164  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13240,164
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TARGET CORP 4.000 47,040 50,774
    DUPONT EI NEMOUR 5.000 49,259 51,240
    HSBC FIN CORP 5.250 50,074 52,125
    METLIFE INC 5.500 75,143 80,410
    PRUDENTIAL FINL INC 5.100 73,922 80,276
    SUNTRUST BK 5.000 48,716 54,628
    BARCLAYS BANK PLC 5.450    
    CISCO SYSTEMS INC 2.900 50,846 52,185
    BERKSHIRE HATHAWAY INC 3.200 50,893 52,639
    BB T CORPORATION MED TERM 3.95 104,838 109,045
    OCCIDENTAL PETROLEUM COR 4.125 52,551 55,465
    WALMART STORES INC 3.25 49,961 54,437
    NORTHERN TRUST CORP 3.45 35,342 37,750
    BARCLAYS BANK PLC 6/10/13 10,000 14,664
    BARCLAYS BANK PLC 4/10/15 50,000 62,170
    WESTPAC BANKING CORP 3.000 50,649 52,808
    ROYAL BK CDA 25,000 27,045
    CATERPILLAR FINANCIAL SE 26,058 26,251
    JPMORGAN CHASE CO 50,148 55,607
    BARCLAYS BANK PLC 7/19/12    
    ISHARES IBOXX H Y CORP BD 75,353 76,080
    GOLDMAN SACHS CD 1.5 10/31/17 100,000 100,001
    GE CAP RETAIL CD 2.0 4/27/18 125,000 126,171

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 25,222 32,030
    APACHE CORP 15,227 23,550
    APPLE INC 6,282 90,469
    DISNEY WALT CO 16,517 27,882
    ECOLAB INC 10,840 29,479
    EXELON CORPORATION 26,820 16,952
    EXXON MOBIL CORP 35,856 72,442
    GENERAL ELEC CO 38,401 47,521
    GOOGLE INC 24,314 41,028
    ILLINOIS TOOL WKS    
    INTEL CORP 31,297 30,930
    JP MORGAN CHASE & CO 30,493 34,516
    JOHNSON & JOHNSON 35,089 40,658
    MICROSOFT CORP 14,460 26,710
    ORACLE CORPORATION 25,972 47,981
    PEPSICO INC 35,518 45,369
    PFIZER INC 52,292 47,776
    PRAXAIR INC 16,304 37,213
    PROCTER & GAMBLE CO 37,624 46,165
    QUALCOMM 16,153 35,569
    STATE STR CORP 14,672 19,979
    TARGET CORPORATION 24,310 28,106
    UNITED PARCEL SERVICE 24,991 26,174
    UNITED TECHNOLOGIES 27,975 49,944
    VERIZON COMMUNICATIONS 28,468 43,270
    WAL MART STORES 33,786 41,620
    WELLS FARGO & CO 36,598 46,485
    3M CO 19,470 25,070
    SCHLUMBERGER LTD 33,145 50,934
    NUVEEN REAL ESTATE 133,340 196,882
    LAUDUS INTL MRKTMASTERS 436,826 388,537
    MIDCAP SPDR TRUST SER I 334,783 424,719
    T ROWE PRICE SMALL CAP VALUE 63,034 68,957
    COACH 27,881 27,477
    GOLDMAN SACHS GROUP 47,798 37,630
    MASTERCARD INC 16,887 36,355
    MCDONALDS CORP 22,941 35,108
    ISHARES S&P PREF STK 139,982 148,575
    CLIFFS NATURAL RESOURCES INC    
    FREEPORT MCMORAN COPPER GOLD 17,384 15,048
    GENERAL MILLS INC 20,802 24,252
    STARBUCKS CORP 19,252 37,541
    IPATH DOW JONES UBS COMMODITY 300,620 237,142
    ALLERGAN INC 14,868 16,787
    ANADARKO PETROLEUM CORP 7,018 6,911
    BOEING CO 15,248 18,388
    BRISTOL MYERS SQUIBB CO 19,485 24,997
    CAPITAL ONE FINANCIAL CORP    
    CATERPILLAR INC    
    CHEVRON CORP 26,369 28,225
    COCA COLA CO    
    DOLLAR TREE INC    
    E M C CORP 30,429 30,132
    EATON CORP    
    FIFTH THIRD BANCORP    
    GILEAD SCIENCES INC 15,035 27,691
    HUMANA INC    
    NATIONAL OILWELL VARCO INC    
    NOBLE ENERGY INC    
    OCCIDENTAL PETROLEUM CORP 9,729 7,661
    P G E CORP 14,905 14,023
    PERRIGO CO    
    POLARIS INDS INC    
    PRUDENTIAL FINANCIAL INC 36,166 35,944
    THERMO FISHER SCIENTIFIC INC    
    WALGREEN CO    
    WYNDHAM WORLDWIDE CORP    
    ACE LTD 16,386 18,913
    INGERSOLL RAND PLC    
    TYCO INTERNATIONAL LTD    
    AMER CENTY SM CP GRWTH 65,358 71,556
    HIGHLAND LONG SHORT EQUITY Z    
    ISHARES MSCI EMERGING MKTS ETF 121,851 113,093
    SCOUT INTERNATIONAL FUND 356,166 360,333
    TFS MARKET NEUTRAL FUND 54,554 56,610
    BAXTER INTL INC 15,063 18,665
    CITIGROUP INC 15,225 22,945
    CVS CAREMARK CORP 29,922 31,669
    EMERSON ELEC CO 19,147 19,860
    EXPRESS SCRIPTS HLDGS C 15,262 14,850
    INTERNATIONAL BUSINESS MACHINE 15,767 16,282
    NIKE INC 18,896 21,672
    ACCENTURE PLC CL A 14,962 15,295
    COVIDIEN PLC 28,648 31,468
    NUVEEN INFLATION PRO SCE CL I 113,989 115,952
    OPPENHEIMER SR FLOAT RATE Y 88,457 89,267
    PYXIS LONG SHORT EQUITY Z 62,965 62,220

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    US Government Securities - End of Year Book Value:

    339,380
    US Government Securities - End of Year Fair Market Value:

    357,055
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GRANDVIEW PLAZA LP AT COST 77,233 77,233

    TY 2012 LegalFeesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NON-ALLOCABLE LEGAL FEES 4,316     4,316


    TY 2012 OtherDecreasesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Description Amount
    ROUNDING ADJUSTMENT 5


    TY 2012 OtherExpensesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAL SERVICE 260 0   260
    BOARD METTING EXPENSE 135 0   135
    ANNUAL FEE-STATUTORY REPRESENT 345 0   345


    TY 2012 OtherIncomeSchedule2
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 1,470 1,470  
    ACCRUED INCOME 2,680 2,680  


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECTORS FEES 32,004     32,004


    TY 2012 TaxesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 1,468 0   0
    FEDERAL ESTIMATES - PRINCIPAL 4,164 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,738 1,738   0
    FOREIGN TAXES ON NONQUALIFIED 107 107   0