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
GLADYS E KNOWLES CHARITABLE TRUST 50315420
 

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

81-0423029
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$2,199,564J 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...... 56,699 56,699  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 52,681
b Gross sales price for all assets on line 6a 637,130
7 Capital gain net income (from Part IV, line 2)... 52,681
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........ 109,380 109,380  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,029 26,126   2,903
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 2,000 0 0 2,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,691 890   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.......... 32,720 27,016 0 4,903
25 Contributions, gifts, grants paid........ 98,240 98,240
26 Total expenses and disbursements. Add lines 24 and 25 130,960 27,016 0 103,143
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -21,580
b Net investment income (if negative, enter -0-) 82,364
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...............      
2 Savings and temporary cash investments.......... 3,454 9,096 9,096
3 Accounts receivable bullet3,136
Less: allowance for doubtful accounts bullet     3,136 3,136
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) 39,781 Click to see attachment39,781 43,361
b Investments—corporate stock (attach schedule)........ 1,337,424 Click to see attachment1,255,795 1,623,674
c Investments—corporate bonds (attach schedule)........ 445,428 Click to see attachment498,421 520,297
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) 1,826,087 1,806,229 2,199,564
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......... 1,826,087 1,806,229
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).................... 1,826,087 1,806,229
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,826,087 1,806,229
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 1,826,087
2 Enter amount from Part I, line 27a..................... 2 -21,580
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,731
4 Add lines 1, 2, and 3.......................... 4 1,806,238
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 9
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,806,229
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 100. STARBUCKS CORP   2010-12-27 2012-01-25
b 25. 3M CO     2012-01-31
c 200. WALGREEN COMPANY COMMON STOCK   2011-03-16 2012-02-07
d 5. APPLE COMPUTER INC   2008-09-29 2012-02-08
e 50. GENERAL MILLS INC   2010-02-10 2012-02-08
50. ILLINOIS TOOL WKS INC   2006-08-16 2012-02-08
100. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-12 2012-02-08
25. JOHNSON & JOHNSON   2007-06-07 2012-02-08
25. MC DONALD'S CORP   2009-11-06 2012-02-08
970.403 NUVEEN REAL ESTATE SECS I     2012-02-08
75. PROCTER & GAMBLE CO     2012-02-08
50. VERIZON COMMUNICATIONS   2001-03-01 2012-02-08
75. INTEL CORP   2005-07-13 2012-02-21
75. PFIZER INC COMMON STOCK   2000-04-10 2012-02-21
25. PROCTER & GAMBLE CO   2009-06-01 2012-02-21
50. VERIZON COMMUNICATIONS     2012-02-21
20. APPLE COMPUTER INC   2008-09-29 2012-03-15
25. EXELON CORP   2007-01-12 2012-03-15
25. ILLINOIS TOOL WKS INC   2006-08-16 2012-03-15
50. KELLOGG CO   2011-08-09 2012-03-15
100. ORACLE CORPORATION   2006-12-05 2012-03-15
25. P G E CORP   2011-03-16 2012-03-15
50. STATE STR CORP   2002-11-20 2012-03-15
400. ISHARES S&P PREF STK INDX FD     2012-03-29
120.019 NUVEEN REAL ESTATE SECS I   2003-02-19 2012-03-30
175. PFIZER INC COMMON STOCK     2012-03-30
75. ABBOTT LABS   2009-04-03 2012-04-03
911.577 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-04-10
275. ORACLE CORPORATION     2012-04-11
225. GENERAL MILLS INC     2012-04-13
150. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-12 2012-04-18
1813.237 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-04-18
25. QUALCOMM INC   2011-03-16 2012-04-24
7. APPLE COMPUTER INC   2008-09-29 2012-04-25
50. EATON CORP   2011-03-16 2012-04-25
50. BERKSHIRE HATHAWAY INC CL B   2010-02-24 2012-04-26
200. ILLINOIS TOOL WKS INC     2012-04-27
125. EATON CORP   2011-03-16 2012-05-02
35. STARBUCKS CORP   2011-03-16 2012-05-03
65. APACHE CORP     2012-05-04
9. MASTERCARD INC   2009-11-18 2012-05-04
15. APACHE CORP   2004-11-01 2012-05-09
50. PEPSICO INC   2005-07-13 2012-05-14
94. PRUDENTIAL FINL INC     2012-05-16
35. JOHNSON & JOHNSON   2007-06-07 2012-05-17
25. ORACLE CORPORATION   2006-12-05 2012-05-17
15. PRAXAIR INC   2012-02-08 2012-05-17
75. WELLS FARGO & CO NEW     2012-05-17
40. J P MORGAN CHASE & CO     2012-05-21
25. J P MORGAN CHASE & CO   2012-02-08 2012-05-21
92. J P MORGAN CHASE & CO     2012-05-22
56. ORACLE CORPORATION   2006-12-05 2012-05-23
15. APACHE CORP   2004-11-01 2012-05-30
25. BAXTER INTL INC   2011-10-10 2012-05-30
64. E M C CORP MASS   2011-03-16 2012-05-30
100. E M C CORP MASS   2012-02-08 2012-05-30
60. JOHNSON & JOHNSON     2012-05-30
25. MC DONALD'S CORP   2011-03-16 2012-05-30
25. QUALCOMM INC   2012-02-08 2012-05-30
10. QUALCOMM INC   2011-03-16 2012-05-30
35. UNITED TECHNOLOGIES CORP   2011-03-16 2012-05-30
10. APACHE CORP     2012-06-06
50. BAXTER INTL INC   2011-10-10 2012-06-06
10. OCCIDENTAL PETE CORP COM   2011-06-08 2012-06-06
44. ORACLE CORPORATION   2006-12-05 2012-06-06
10. PRAXAIR INC   2012-02-08 2012-06-06
25. PROCTER & GAMBLE CO     2012-06-06
25. QUALCOMM INC   2011-03-16 2012-06-06
200. ISHARES MSCI EMERGING MKTS E T F   2010-12-27 2012-06-08
350. ISHARES S&P PREF STK INDX FD   2009-10-19 2012-06-08
1265.823 NUVEEN INFLATION PRO SEC CL I     2012-06-08
90. BAXTER INTL INC   2011-10-10 2012-06-25
100. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-12 2012-06-27
241.08 NUVEEN REAL ESTATE SECS I     2012-06-27
200. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-12 2012-06-29
355.114 NUVEEN REAL ESTATE SECS I   2001-03-05 2012-06-29
241.546 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-06-29
114.26 NUVEEN REAL ESTATE SECS I   2001-03-05 2012-07-05
924.214 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-07-05
142. ECOLAB INC     2012-07-06
15. JOHNSON & JOHNSON   2004-03-31 2012-07-06
100. INTEL CORP     2012-07-19
. ENRON CORP     2012-07-24
172. INTEL CORP     2012-07-31
200. ISHARES MSCI EMERGING MKTS E T F     2012-08-01
106. J P MORGAN CHASE & CO   2008-09-26 2012-08-01
938.086 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-08-01
108. E M C CORP MASS   2011-03-16 2012-08-02
87. CITIGROUP INC     2012-08-03
21. GILEAD SCIENCES INC   2011-03-16 2012-08-03
300. ISHARES MSCI EMERGING MKTS E T F   2010-09-27 2012-08-07
300. MFC ISHARES TR MSCI EAFE INDEX FD     2012-08-07
1132.076 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-08-07
85. PRUDENTIAL FINL INC   2011-03-16 2012-08-20
55. MCKESSON CORPORATION     2012-08-21
15. ABBOTT LABS   2011-07-21 2012-08-31
1021.798 AMERICAN CENTY INTL BOND FD INSTL   2010-09-23 2012-08-31
5. APPLE COMPUTER INC     2012-08-31
100. INTEL CORP     2012-08-31
150. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-18 2012-08-31
15. JOHNSON & JOHNSON   2004-03-31 2012-08-31
1395.349 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 2012-08-31
35. PROCTER & GAMBLE CO   2002-03-19 2012-08-31
15. QUALCOMM INC   2011-03-16 2012-08-31
10. UNITED TECHNOLOGIES CORP   2011-03-16 2012-08-31
10. ABBOTT LABS   2011-07-21 2012-09-07
10. APACHE CORP   2004-07-06 2012-09-07
3. APPLE COMPUTER INC   2005-07-13 2012-09-07
25. CAPITAL ONE FINANCIAL CORP   2011-06-08 2012-09-07
10. ECOLAB INC     2012-09-07
25. EXELON CORP   2007-01-12 2012-09-07
25. EXXON MOBIL CORP     2012-09-07
5. INTERNATIONAL BUSINESS MACHS CORP   2012-04-25 2012-09-07
375. MFC ISHARES TR MSCI EAFE INDEX FD   2007-01-18 2012-09-07
10. JOHNSON & JOHNSON   2004-03-31 2012-09-07
3. MASTERCARD INC   2009-11-18 2012-09-07
20. MC DONALD'S CORP   2009-04-03 2012-09-07
25. PEPSICO INC     2012-09-07
50. PFIZER INC COMMON STOCK   1999-10-04 2012-09-07
5. PRAXAIR INC   2011-03-16 2012-09-07
10. PROCTER & GAMBLE CO   2002-03-19 2012-09-07
10. SCHLUMBERGER LTD   2012-02-21 2012-09-07
15. STARBUCKS CORP   2011-03-16 2012-09-07
15. UNITED PARCEL SERVICE INC CL B     2012-09-07
15. WELLS FARGO & CO NEW   2005-07-13 2012-09-07
15. GOLDMAN SACHS GROUP INC   2009-12-11 2012-09-10
32. PEPSICO INC   2009-06-01 2012-09-10
38. CITIGROUP INC   2012-04-26 2012-09-24
25. EXELON CORP   2007-01-12 2012-09-24
7. GOLDMAN SACHS GROUP INC   2009-12-11 2012-09-24
10. MCKESSON CORPORATION   2012-04-03 2012-09-24
10. NIKE INC   2011-09-19 2012-09-24
15. OCCIDENTAL PETE CORP COM   2011-12-07 2012-09-24
25. ORACLE CORPORATION   2006-12-05 2012-09-24
25. PFIZER INC COMMON STOCK   1999-10-04 2012-09-24
15. PROCTER & GAMBLE CO   2002-03-19 2012-09-24
10. UNITED PARCEL SERVICE INC CL B   2001-11-07 2012-09-24
678.426 AMERICAN CENTY INTL BOND FD INSTL   2010-09-23 2012-09-25
275. EXELON CORP     2012-09-28
110. MCKESSON CORPORATION     2012-09-28
15. UNITED PARCEL SERVICE INC CL B     2012-10-04
. VERITAS SOFTWARE CORP     2012-10-04
2. APPLE COMPUTER INC   2005-07-13 2012-10-05
10. GILEAD SCIENCES INC   2011-09-20 2012-10-05
15. UNITED TECHNOLOGIES CORP   2011-03-16 2012-10-05
142. INTEL CORP   1993-03-31 2012-10-10
110. P N C FINANCIAL SERVICES GROUP INC     2012-10-23
35. PEPSICO INC     2012-10-25
. TELE COMMUNICATIONS SYSTEMS INC     2012-10-25
30. APACHE CORP   2004-07-06 2012-11-01
70. P N C FINANCIAL SERVICES GROUP INC     2012-11-01
49. GILEAD SCIENCES INC     2012-11-02
51. ABBOTT LABS     2012-11-07
50. CAPITAL ONE FINANCIAL CORP   2011-06-08 2012-11-07
90. B M C SOFTWARE INC     2012-11-15
51. CAPITAL ONE FINANCIAL CORP     2012-11-15
185. B M C SOFTWARE INC     2012-12-03
. BANK OF AMERICA CORP     2012-12-03
48. NIKE INC     2012-12-03
685.558 NUVEEN MID CAP SELECT FUND CL I   2005-11-21 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 4,758   3,232 1,526
b 2,192   1,554 638
c 6,720   8,098 -1,378
d 2,368   549 1,819
e 1,952   1,733 219
2,797   2,242 555
5,405   7,312 -1,907
1,630   1,561 69
2,491   1,549 942
20,010   15,388 4,622
4,773   4,161 612
1,897   2,192 -295
2,026   2,084 -58
1,586   2,990 -1,404
1,610   1,333 277
1,921   1,858 63
11,749   2,197 9,552
974   1,489 -515
1,442   1,121 321
2,639   2,576 63
2,994   1,887 1,107
1,079   1,065 14
2,301   2,201 100
15,568   14,458 1,110
2,504   1,536 968
3,951   6,800 -2,849
4,580   3,332 1,248
9,772   7,949 1,823
7,771   6,857 914
8,739   7,942 797
7,982   10,968 -2,986
19,982   15,811 4,171
1,535   1,277 258
4,275   769 3,506
2,433   2,532 -99
3,991   3,973 18
11,610   8,189 3,421
5,942   6,330 -388
1,994   1,229 765
5,802   6,502 -700
3,958   2,051 1,907
1,307   763 544
3,352   2,746 606
4,550   5,222 -672
2,228   2,185 43
659   472 187
1,596   1,623 -27
2,374   2,641 -267
1,300   1,876 -576
813   956 -143
3,147   4,033 -886
1,478   1,057 421
1,225   763 462
1,285   1,431 -146
1,541   1,631 -90
2,408   2,631 -223
3,726   3,147 579
2,254   1,839 415
1,441   1,535 -94
576   511 65
2,585   2,756 -171
832   478 354
2,509   2,863 -354
840   1,034 -194
1,206   830 376
1,039   1,082 -43
1,538   1,153 385
1,458   1,277 181
7,553   9,294 -1,741
13,380   12,578 802
15,013   12,589 2,424
4,620   5,153 -533
4,783   7,312 -2,529
5,046   3,025 2,021
9,946   14,624 -4,678
7,653   4,439 3,214
2,570   2,106 464
2,486   1,428 1,058
9,982   8,059 1,923
9,634   3,826 5,808
1,012   757 255
2,598   2,658 -60
435     435
4,424   3,374 1,050
7,888   9,214 -1,326
3,836   4,627 -791
9,794   8,180 1,614
2,790   2,752 38
2,388   2,951 -563
1,210   838 372
12,121   13,233 -1,112
15,523   21,906 -6,383
12,159   9,872 2,287
4,627   4,967 -340
4,769   4,904 -135
981   796 185
15,072   14,806 266
3,311   406 2,905
2,467   578 1,889
7,707   10,952 -3,245
1,007   757 250
15,084   12,167 2,917
2,341   1,552 789
915   766 149
795   787 8
669   530 139
872   448 424
2,031   115 1,916
1,435   1,243 192
650   232 418
904   1,489 -585
2,235   1,123 1,112
993   1,016 -23
19,890   27,379 -7,489
678   505 173
1,294   684 610
1,813   1,116 697
1,803   1,337 466
1,215   1,900 -685
533   476 57
682   443 239
726   790 -64
763   527 236
1,079   814 265
523   465 58
1,731   2,491 -760
2,302   1,689 613
1,267   1,288 -21
893   1,489 -596
814   1,162 -348
873   884 -11
953   896 57
1,298   1,440 -142
804   472 332
616   950 -334
1,043   665 378
719   531 188
9,986   9,830 156
9,765   13,731 -3,966
9,498   9,703 -205
1,095   784 311
19     19
1,314   76 1,238
695   412 283
1,180   1,181 -1
3,088   517 2,571
6,434   6,912 -478
2,408   1,721 687
16     16
2,462   1,343 1,119
4,127   3,999 128
3,292   2,005 1,287
3,308   2,713 595
2,970   2,486 484
3,478   3,929 -451
2,803   2,404 399
7,583   7,971 -388
5     5
4,715   4,520 195
7,459   5,978 1,481
847     847
      158
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       1,526
b       638
c       -1,378
d       1,819
e       219
      555
      -1,907
      69
      942
      4,622
      612
      -295
      -58
      -1,404
      277
      63
      9,552
      -515
      321
      63
      1,107
      14
      100
      1,110
      968
      -2,849
      1,248
      1,823
      914
      797
      -2,986
      4,171
      258
      3,506
      -99
      18
      3,421
      -388
      765
      -700
      1,907
      544
      606
      -672
      43
      187
      -27
      -267
      -576
      -143
      -886
      421
      462
      -146
      -90
      -223
      579
      415
      -94
      65
      -171
      354
      -354
      -194
      376
      -43
      385
      181
      -1,741
      802
      2,424
      -533
      -2,529
      2,021
      -4,678
      3,214
      464
      1,058
      1,923
      5,808
      255
      -60
      435
      1,050
      -1,326
      -791
      1,614
      38
      -563
      372
      -1,112
      -6,383
      2,287
      -340
      -135
      185
      266
      2,905
      1,889
      -3,245
      250
      2,917
      789
      149
      8
      139
      424
      1,916
      192
      418
      -585
      1,112
      -23
      -7,489
      173
      610
      697
      466
      -685
      57
      239
      -64
      236
      265
      58
      -760
      613
      -21
      -596
      -348
      -11
      57
      -142
      332
      -334
      378
      188
      156
      -3,966
      -205
      311
      19
      1,238
      283
      -1
      2,571
      -478
      687
      16
      1,119
      128
      1,287
      595
      484
      -451
      399
      -388
      5
      195
      1,481
      847
       
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 52,681
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 102,940 2,162,096 0.047611
2010 149,040 2,096,498 0.07109
2009 166,917 2,007,682 0.083139
2008 167,818 2,435,153 0.068915
2007 157,697 2,842,945 0.05547
2 Total of line 1, column (d) ...................... 2 0.326225
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 0.065245
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 2,156,068
5 Multiply line 4 by line 3....................... 5 140,673
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 824
7 Add lines 5 and 6......................... 7 141,497
8 Enter qualifying distributions from Part XII, line 4.............. 8 103,143
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 1,647
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 1,647
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 1,647
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 604
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.............. 7 604
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 1,043
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
    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 TRUSTEE
    1     		29,029    
    PO BOX 3168
    PORTLAND,OR97208
    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
    2,175,430
    b
    Average of monthly cash balances.......................
    1b
    13,472
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,188,902
    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
    2,188,902
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,834
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,156,068
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    107,803
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    107,803
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,647
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,647
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    106,156
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    106,156
    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
    106,156
    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
    103,143
    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
    103,143
    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
    103,143
    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 7 106,156
    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....... 0
    b From 2008....... 0
    c From 2009....... 41,806
    d From 2010....... 45,025
    e From 2011....... 0
    fTotal of lines 3a through e......... 86,831
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 103,143
    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..... 103,143
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2012. 3,013 3,013
    (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 83,818
    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) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		83,818
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 38,793
    c Excess from 2010.... 45,025
    d Excess from 2011.... 0
    e Excess from 2012.... 0
    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 of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    BIG HORN CNTY MEMORIAL HOSP
    ATTN JONI KUNKEL
    17 NORTH MILES AVE
    HARDIN,MT59034     		NONE PUBLIC GENERAL SUPPORT 24,560
    INT'L PEACE SCHOLARSHIP
    OF PEO SISTERHOOD
    3700 GRAND AVENUE
    DES MOINES,IA50312     		NONE PRIVATE SCHOLARSHIP OF SISTERHOOD 7,859
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE SCHOOL GENERAL SUPPORT 7,859
    ST LUKES EPISCOPAL
    CHURCH
    119 NORTH 33RD STREET
    BILLINGS,MT59101     		NONE CHURCH GENERAL SUPPORT 24,560
    HERITAGE ACRES NURSING
    HOME
    200 NORTH MITCHELL
    HARDIN,MT59034     		NONE PRIVATE GENERAL SUPPORT 24,560
    YELLOWSTONE BOYS & GIRLS RANCH FDN
    2050 OVERLAND AVE
    BILLINGS,MT59102     		NONE PUBLIC GENERAL SUPPORT 8,842
    Total .................................bullet 3a 98,240
    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 56,699  
    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 52,681  
    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)..   109,380  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13109,380
    (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:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,000     2,000

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH & CO 5.450 25,030 25,109
    PEPSICO 4.650 25,798 25,137
    MORGAN STANLEY 5.300 50,700 50,273
    PRUDENTIAL FINL 4.500 25,180 25,498
    BAXTER INTERNATIONAL 4.000 26,210 25,967
    BARCLAYS BANK 3.250 50,000 52,080
    BOEING CO 3.750 19,873 22,091
    AMERICAN CENTY INTL BOND 25,364 25,981
    NUVEEN HIGH INCOME BOND 69,000 73,165
    NUVEEN INFLATION PRO SEC 53,893 65,417
    AT&T INC 2.400 25,200 26,089
    PIMCO TOTAL RETURN FUND INST 29,000 29,093
    WELLS FARGO CO 2.625 12/15/16 25,673 26,384
    OPPENHEIMER SR FLOAT RATE 35,000 35,237
    PRINCIPAL PREFERRED SEC INS 12,500 12,776

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APACHE CORP 4,702 8,243
    APPLE INC 2,598 36,188
    BANK OF AMERICA 11,698 14,571
    COMCAST CORP 2,485 6,538
    ECOLAB 5,937 16,034
    EXELON CORPORATION    
    EXXON MOBIL 6,587 32,456
    GENERAL ELEC CO 8,511 25,188
    GOOGLE INC 11,478 19,807
    ILLINOIS TOOL WKS    
    INTEL CORP 1,132 6,413
    J P MORGAN CHASE CO 18,284 20,314
    JOHNSON & JOHNSON 8,803 12,969
    MICROSOFT CORP 917 8,547
    ORACLE CORPORATION 8,412 15,827
    PEPSICO INC 7,666 10,812
    PFIZER INC 19,601 18,433
    PRAXAIR INC 12,509 24,079
    PROCTER & GAMBLE 10,642 16,294
    QUALCOMM 7,264 23,197
    STATE STR CORP 13,167 14,808
    TARGET CORP 8,535 16,272
    UNITED PARCEL SERVICE 2,601 3,908
    UNITED TECHNOLOGIES 13,550 23,783
    VERIZON COMMUNICATIONS 14,529 21,635
    WAL MART STORES 5,230 7,505
    WELLS FARGO & CO 17,249 22,559
    3M CO 6,063 9,285
    SCHLUMBERGER LTD 12,889 17,325
    NUVEEN REAL ESTATE 52,300 95,758
    I SHARES MSCI EAFE    
    ISHARES MSCI EMERGING MKTS 37,265 52,111
    ABBOTT LABORATORIES 17,550 22,860
    COACH INC 9,709 12,490
    GOLDMAN SACHS 4,316 3,572
    MASTERCARD INC 9,456 16,212
    MCDONALDS CORP 10,040 15,878
    NUVEEN MID CAP SELECT FUND C 87,159 110,947
    ISHARES S&P PREF STK 23,360 25,753
    BERKSHIRE HATHAWAY INC    
    CHEVRON CORPORATION 18,872 21,628
    DISNEY WALT CO 10,202 15,435
    FREEPORT MCMORAN COPPER GOLD 3,060 2,599
    GENERAL MILLS    
    STARBUCKS 11,794 18,771
    IPATH DOW JONES UBS COMMODITY 75,448 68,558
    BAXTER INTL INC 12,649 14,999
    CAPITAL ONE FINANCIAL CORP 10,429 14,425
    CITIGRUOP INC 8,261 7,912
    COCA COLA COMPANY 18,985 19,720
    EMC CORPORATION 9,054 9,563
    EATON CORP    
    GILEAD SCIENCES INC 9,516 17,261
    INTERNATIONAL BUSINESS MACHINE 15,042 15,324
    KELLOGG CO    
    NIKE INC 12,524 14,654
    OCCIDENTAL PETROLEUM CORP 11,833 9,959
    PGE CORP 4,206 4,018
    PNC FINANCIAL SERVICE GRP INC 6,663 7,580
    PRUDENTIAL FINANCIAL INC 6,701 6,720
    WALGREEN CO    
    LAUDUS INTL MARKETMASTERS FD 70,000 79,756
    NUVEEN INTL SELECT FD 65,000 66,154
    NUVEEN MID CAP GRWTH OPP FD 47,500 45,651
    ALLERGAN INC 12,268 12,384
    ANADARKO PETROLEUM CORP 11,397 12,335
    ATT INC 4,177 4,214
    CVS CARMARK CORP 22,584 24,900
    DOVER CORP 16,559 18,070
    EDISON INTL 13,119 13,105
    EMERSON ELEC CO 21,833 22,084
    FIFTH THIRD BANCORP 9,866 10,138
    KRAFT FOODS GROUP 7,546 8,139
    MAXIM INTEGRATED PRODS 7,254 7,820
    MONDELEZ INTERNATIONAL 7,544 7,636
    ACCENTURE PLC 16,679 18,288
    ACE LTD 10,261 10,454
    COVIDIEN PLC 17,775 18,361
    ABERDEEN EMRGN MKT 57,500 64,893
    AMERICAN EUROPACIFIC GRTH 15,000 15,470
    NEUBERGER BERMAN GENESIS 10,000 10,089
    PRINCIPAL GI R E SEC 7,500 7,374
    SCOUT INTERNATIONAL FD 45,000 48,288
    TFS MARKET NEUTRAL FD 20,000 20,374

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    US Government Securities - End of Year Book Value:

    39,781
    US Government Securities - End of Year Fair Market Value:

    43,361
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 OtherDecreasesSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Description Amount
    ADJUSTMENT FOR ROUNDING 9


    TY 2012 OtherIncreasesSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Description Amount
    RECEIVED VS REPORTED SECURITIES PRIOR YR 1,731


    TY 2012 TaxesSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 197 0   0
    FEDERAL ESTIMATES - PRINCIPAL 604 0   0
    FOREIGN TAXES ON QUALIFIED FOR 833 833   0
    FOREIGN TAXES ON NONQUALIFIED 57 57   0