TY 2012 Form 990PF

- TIN:

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 03-01-2012 , and ending 02-28-2013

Name of foundation
WAYNE C STEWART FOUNDATION UMA 050009586000

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

91-6574050

B Telephone number (see instructions)

(503) 275-4327

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$6,250,569J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	164,333		164,333
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,915,345
b	Gross sales price for all assets on line 6a 8,700,103
7	Capital gain net income (from Part IV, line 2)...			1,915,345
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........	2,079,678		2,079,678
13	Compensation of officers, directors, trustees, etc.	66,844		60,159		6,684
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).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		3,728	3,344		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).......		1,149			1,149
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	73,221		63,503	0	9,333
25	Contributions, gifts, grants paid........	292,541				292,541
26	Total expenses and disbursements. Add lines 24 and 25	365,762		63,503	0	301,874
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,713,916
b	Net investment income (if negative, enter -0-)			2,016,175
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	24
	2	Savings and temporary cash investments..........	158,535	58,147	58,147
	3	Accounts receivable 109,229
		Less: allowance for doubtful accounts		109,229	109,229
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	3,268,622	5,650,868	5,934,969
	c	Investments—corporate bonds (attach schedule)........	800,000	145,098	148,224
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,227,181	5,963,342	6,250,569
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	4,227,181	5,963,342
	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)....................	4,227,181	5,963,342
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	4,227,181	5,963,342

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	4,227,181
2	Enter amount from Part I, line 27a.....................	2	1,713,916
3	Other increases not included in line 2 (itemize)	3	23,168
4	Add lines 1, 2, and 3..........................	4	5,964,265
5	Decreases not included in line 2 (itemize)	5	923
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	5,963,342

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	1058. ENEL SOCIETA A D R		2011-06-01	2012-03-21
b	286. ABB LTD A D R		2008-02-28	2012-03-26
c	338. KEPPEL CORP LTD SPONS A D R		2008-02-28	2012-04-18
d	144. ASTRAZENECA P L C SPSD A D R		2008-07-21	2012-04-27
e	35. SIEMENS AG A D R			2012-05-04
	432. PETROLEO BRASILEIRO SPON A D R		2008-02-28	2012-06-18
	344. KONINKLIJKE ROYAL KPN NV SP ADR		2011-11-14	2012-06-25
	60. KONINKLIJKE ROYAL KPN NV SP ADR		2008-02-28	2012-06-25
	295. ABB LTD A D R		2008-02-28	2012-07-10
	87. BARCLAYS PLC A D R		2009-08-21	2012-07-11
	321. BARCLAYS PLC A D R		2012-02-21	2012-07-11
	124. CANON INC SPONS A D R		2010-05-10	2012-07-13
	342. INTERCONTINENTAL HTLS GRP PLSPONS		2010-08-06	2012-07-13
	337. ANGLO AMERICAN PLC A D R		2008-02-28	2012-07-23
	. ENRON CORP			2012-07-26
	. ENRON CORP			2012-07-26
	17277.125 AMERICAN CENTY INTL BOND FD INSTL		2009-06-02	2012-08-08
	89. AMGEN INC COMMON STOCK		2001-12-21	2012-08-08
	329. BOEING CO		1991-10-07	2012-08-08
	76. CITIGROUP INC			2012-08-08
	71. FRONTIER COMMUNICATIONS CORP			2012-08-08
	3656. ISHARES MSCI EMERGING MKTS E T F		2010-11-22	2012-08-08
	6994. ISHARES CORE S&P SMALL-CAP ETF		2008-04-18	2012-08-08
	200. MORGAN STANLEY DEAN WITTER & CO			2012-08-08
	57712.487 NUVEEN HIGH INCOME BOND FD CL I		2007-10-10	2012-08-08
	3495.069 NUVEEN REAL ESTATE SECS I		2010-12-14	2012-08-08
	7092. PFIZER INC COMMON STOCK		2009-10-15	2012-08-08
	17604.118 LAUDUS INTL MARKETMASTERS FUND SEL			2012-08-08
	750. SOUTHWEST AIRLINES CO		1999-11-30	2012-08-08
	26195.154 TFS MARKET NEUTRAL FUND		2011-06-17	2012-08-08
	2230.898 VANGUARD INTL GROWTH PORTFOLIO #81		2011-08-30	2012-08-08
	300. VERIZON COMMUNICATIONS			2012-08-08
	42. AMGEN INC COMMON STOCK		2001-12-21	2012-08-09
	111. AMGEN INC COMMON STOCK		2001-12-21	2012-08-09
	349. BOEING CO		1991-10-07	2012-08-09
	1. FRONTIER COMMUNICATIONS CORP		2001-10-24	2012-08-09
	179. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK		1983-01-31	2012-08-09
	765. ISHARES CORE S&P SMALL-CAP ETF		2008-04-18	2012-08-09
	160. MONSANTO CO		1990-06-15	2012-08-09
	289.202 NUVEEN REAL ESTATE SECS I		2010-12-14	2012-08-09
	165. CANON INC SPONS A D R			2012-08-16
	504. KONINKLIJKE ROYAL KPN NV SP ADR		2008-02-28	2012-08-20
	.4375 POSTNL NV ADR		2012-06-25	2012-08-27
	2000. SPDR GOLD TRUST			2012-08-31
	120. AGRIUM INC		2008-02-28	2012-09-28
	946. ALLIANZ SE A D R			2012-09-28
	108. ANHEUSER BUSCH INBEV NV A D R		2010-10-15	2012-09-28
	434. ASSA ABLOY AB A D R		2012-07-10	2012-09-28
	506. ATLAS COPCO AB A D R CL B		2008-02-28	2012-09-28
	347. B A E SYSTEMS P L C A D R		2011-12-12	2012-09-28
	191. B A S F A G A D R			2012-09-28
	92. B H P BILLITON PLC SPSD A D R		2012-02-02	2012-09-28
	188. B H P BILLITON PLC SPSD A D R			2012-09-28
	682. B T GROUP P L C A D R			2012-09-28
	50. BAIDU COM INC A D R		2012-02-07	2012-09-28
	419. BARCLAYS PLC A D R			2012-09-28
	553. BAYERISCHE MOTOREN WERKE UNSPN A D R			2012-09-28
	147. BOC HONG KONG HLDGS LTD A D R			2012-09-28
	363. BRITISH AMERN TOB PLC ADR			2012-09-28
	220. BROOKFIELD ASSET MANAGE CL A		2011-06-01	2012-09-28
	85. CANADIAN PACIFIC RAILWAY LTD		2012-05-11	2012-09-28
	166. CARNIVAL PLC A D R		2011-05-12	2012-09-28
	115. CHINA MOBILE LIMITED A D R		2011-09-20	2012-09-28
	361. DBS GROUP HLDGS LTD			2012-09-28
	132. FOMENTO ECONOMICO MEX SP A D R		2008-02-28	2012-09-28
	125. HSBC HOLDINGS PLC SPONS A D R		2010-10-12	2012-09-28
	234. HITACHI LTD ADR 10 COM			2012-09-28
	294. HONDA MOTOR CO LTD A D R			2012-09-28
	1165. KEPPEL CORP LTD SPONS A D R		2008-02-28	2012-09-28
	157. LVMH MOET HENNESSY LOU VUITT A D R		2010-11-09	2012-09-28
	44. MITSUI & CO LTD SPSD ADR			2012-09-28
	119. NATIONAL GRID PLC SP A D R		2011-11-21	2012-09-28
	51. NESTLE S A SPONSORED ADR REPSTG REG SH		2012-08-20	2012-09-28
	479. NESTLE S A SPONSORED ADR REPSTG REG SH			2012-09-28
	237. NIPPON TELEGRAPH TELE A D R		2011-10-14	2012-09-28
	704. NISSAN MTR LTD SPONSORED ADR			2012-09-28
	160. ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098			2012-09-28
	92. NOVO NORDISK AS A D R			2012-09-28
	245. LUKOIL SPON A D R			2012-09-28
	175. ORIX CORP SPONS A D R		2009-08-19	2012-09-28
	1571. POSTNL NV ADR		2012-06-25	2012-09-28
	210. REPSOL S.A.		2011-02-25	2012-09-28
	295. ROCHE HLDG LTD A D R			2012-09-28
	103. ROYAL DUTCH SHELL PLC A D R		2010-11-22	2012-09-28
	91. ROYAL DUTCH SHELL PLC A D R		2011-10-31	2012-09-28
	175. SANDS CHINA LTD UNSPONS A D R		2012-05-17	2012-09-28
	368. SANOFI A D R			2012-09-28
	181. SANOFI A D R		2011-10-31	2012-09-28
	100. SAP AG A D R		2012-07-13	2012-09-28
	559. SBERBANK SPONSORED A D R		2012-02-07	2012-09-28
	467. SBERBANK SPONSORED A D R		2011-07-15	2012-09-28
	97. SEVEN & I HLDGS UNSPN A D R		2012-08-16	2012-09-28
	74. SHIRE PLC A D R		2011-05-12	2012-09-28
	56. SIEMENS AG A D R		2010-07-28	2012-09-28
	215. SUNCOR ENERGY INC		2012-06-18	2012-09-28
	97. SYNGENTA A G A D R		2012-07-23	2012-09-28
	80. TOTAL S A A D R		2012-03-21	2012-09-28
	279. TOTAL S A A D R		2008-02-28	2012-09-28
	189. UNILEVER PLC SPSD ADR		2011-09-14	2012-09-28
	264. VALE SA SP A D R			2012-09-28
	255. VALEOSA SPON ADR		2012-02-03	2012-09-28
	486. VODAFONE GROUP PLC A D R			2012-09-28
	484. VOLVO AB SPONSORED A D R		2010-04-27	2012-09-28
	245. ZURICH INSURANCE GROUP A D R		2008-12-04	2012-09-28
	176. DEUTSCHE BANK AG		2012-06-25	2012-09-28
	151. TRANSOCEAN LTD		2012-01-11	2012-09-28
	87. COPA HOLDINGS SA CL A		2012-03-26	2012-09-28
	1100. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK		1983-01-31	2012-10-08
	700. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK		1983-01-31	2012-10-08
	1544. MONSANTO CO		1990-06-15	2012-10-08
	81. MONSANTO CO		1990-06-15	2012-10-08
	4000. ATT INC			2012-10-18
	17.00003 AMAZON COM INC		2012-10-08	2012-10-18
	2.99997 AMAZON COM INC		2012-10-08	2012-10-18
	358. AMGEN INC COMMON STOCK			2012-10-18
	800. ANADARKO PETE CORP			2012-10-18
	3322. BOEING CO			2012-10-18
	100. DISCOVER FINL SVCS			2012-10-18
	800. EXXON MOBIL CORP			2012-10-18
	350. FEDEX CORP COMMON STOCK			2012-10-18
	579. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK		1983-01-31	2012-10-18
	841. ISHARES CORE S&P SMALL-CAP ETF		2008-04-18	2012-10-18
	4500. MCDONALDS CORP		1980-11-07	2012-10-18
	1359. MONSANTO CO		1990-06-15	2012-10-18
	347.527 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-08-08	2012-10-18
	675.957 NUVEEN SMALL CAP VALUE FUND CL I		2012-08-08	2012-10-18
	1667.858 NUVEEN SMALL CAP VALUE FUND CL I		2012-08-22	2012-10-18
	10700. PFIZER INC COMMON STOCK			2012-10-18
	6. RANGE RESOURCES CORP		2012-10-08	2012-10-18
	9206.36 RIDGEWORTH AGGRESSIVE GR STOCK FUND			2012-10-18
	165. SBA COMMUNICATIONS CORP CL A		2012-10-08	2012-10-18
	66. SALESFORCE COM INC		2012-10-08	2012-10-18
	2245.857 TCW EMERGING MARKETS INCOME FUND			2012-10-18
	9016.014 VANGUARD EQUITY INCOME ADM			2012-10-18
	2597.83 VANGUARD TOTL STK MKT INDEXFD# 1341		2012-08-08	2012-10-18
	400. ZIMMER HLDGS INC			2012-10-18
	12.00007 GOOGLE INC CL A		2012-10-08	2012-10-19
	.99993 GOOGLE INC CL A		2012-10-08	2012-10-19
	701. GRUPO SIMEC A D R		2012-10-08	2012-10-19
	730. LG DISPLAY CO LTD A D R		2012-10-08	2012-10-19
	241. NIPPON TELEGRAPH TELE A D R		2012-10-08	2012-10-19
	2344.529 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-08-08	2012-10-19
	2504.381 NUVEEN REAL ESTATE SECS I		2010-11-22	2012-10-19
	610.303 NUVEEN MID CAP VALUE FUND CL I			2012-10-19
	2749.547 P I M C O FDS TOTAL RETURN FD		2009-06-02	2012-10-19
	16.00154 RANGE RESOURCES CORP		2012-10-08	2012-10-19
	86.99846 RANGE RESOURCES CORP		2012-10-08	2012-10-19
	192. SPDR GOLD TRUST		2012-10-08	2012-10-19
	2341.914 VANGUARD TOTL STK MKT INDEXFD# 1341		2012-08-08	2012-10-19
	107. CAMERON INTL CORP		2012-10-18	2012-11-01
	6. E M C CORP MASS		2012-10-18	2012-11-01
	48. FMC TECHNOLOGIES INC		2012-10-18	2012-11-01
	13. FMC TECHNOLOGIES INC		2012-10-08	2012-11-01
	745. NTT DOCOMO INC A D R		2012-10-18	2012-11-01
	108. SANOFI A D R		2012-10-08	2012-11-01
	7. BLACKROCK INC		2012-10-18	2012-11-09
	27734.711 HIGHLAND LONG SHORT EQUITY FD CL Z		2012-08-31	2012-11-09
	79.699 LOOMIS SAYLES ABS STRAT Y		2012-10-08	2012-11-09
	763.52 OPPENHEIMER COM STR TR FD Y		2012-10-18	2012-11-09
	2989.541 T ROWE PRICE BLUE CHIP GROWTH FD		2012-08-08	2012-11-09
	605. WNS HOLDINGS LTD ADR			2012-11-09
	189. ALTERA CORP		2012-10-18	2012-11-15
	16. APPLE COMPUTER INC		2012-10-08	2012-11-15
	1. BLACKROCK INC		2012-10-18	2012-11-15
	12. CABOT OIL GAS CORP CL A		2012-10-08	2012-11-15
	1. INTERCONTINENTAL EXCHANGE INC		2012-10-08	2012-11-15
	360.874 LOOMIS SAYLES ABS STRAT Y		2012-10-08	2012-11-15
	838.792 OPPENHEIMER COM STR TR FD Y		2012-10-18	2012-11-15
	8. SANOFI A D R		2012-10-08	2012-11-15
	1. BLACKROCK INC		2012-10-10	2012-11-19
	1. E BAY INC		2012-11-01	2012-11-19
	1. FRANKLIN RES INC		2012-10-18	2012-11-19
	1. FRANKLIN RES INC		2012-11-01	2012-11-19
	14. ILLINOIS TOOL WKS INC		2012-10-18	2012-11-19
	3. INTERCONTINENTAL EXCHANGE INC		2012-10-08	2012-11-19
	1. LAS VEGAS SANDS CORP		2012-10-08	2012-11-19
	94. SANOFI A D R		2012-10-08	2012-11-19
	4. TERADATA CORP DEL		2012-10-08	2012-11-19
	36. VERISIGN INC			2012-11-19
	296. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2012-11-23
	73. CABOT OIL GAS CORP CL A		2012-11-01	2012-11-23
	101. CHINA PETROLEUM CHEM A D R			2012-11-23
	3582. CITY TELECOM H K LTD ADR		2012-10-08	2012-11-23
	953. CITY TELECOM H K LTD ADR		2012-10-18	2012-11-23
	1. FRANKLIN RES INC		2012-10-18	2012-11-23
	332. GRUPO SIMEC A D R		2012-10-08	2012-11-23
	63. ILLINOIS TOOL WKS INC		2012-10-18	2012-11-23
	1. LENNAR CORP CL A		2012-10-18	2012-11-23
	106. ROYAL DUTCH SHELL PLC A D R		2012-10-08	2012-11-23
	181. ROYAL DUTCH SHELL PLC A D R		2012-10-18	2012-11-23
	10. VERISIGN INC		2012-10-08	2012-11-23
	9. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2012-11-28
	1. BLACKROCK INC		2012-10-18	2012-11-28
	1. BLACKROCK INC		2012-10-04	2012-11-28
	211. CITY TELECOM H K LTD ADR		2012-10-08	2012-11-28
	2. CITY TELECOM H K LTD ADR		2012-10-18	2012-11-28
	1. FRANKLIN RES INC		2012-09-30	2012-11-28
	1. ILLINOIS TOOL WKS INC		2012-10-18	2012-11-28
	40. LAS VEGAS SANDS CORP		2012-10-08	2012-11-28
	1. LENNAR CORP CL A		2012-10-18	2012-11-28
	500.583 NUVEEN DIVIDEND VALUE FUND CLASS I		2012-08-08	2012-11-28
	123. VERISIGN INC		2012-10-18	2012-11-28
	1. VMWARE INC CL A		2012-11-09	2012-11-28
	281. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2012-12-05
	367. BRITISH AMERN TOB PLC ADR		2012-10-18	2012-12-05
	24. CONCHO RES INC		2012-10-08	2012-12-05
	185. FRESENIUS MED AKTIENGESELLSCHAFT ADR			2012-12-05
	13.99918 THE GAP INC		2012-10-18	2012-12-05
	60.00082 THE GAP INC		2012-10-18	2012-12-05
	34. ILLINOIS TOOL WKS INC		2012-10-18	2012-12-05
	8. LENNAR CORP CL A		2012-10-18	2012-12-05
	1789.568 LOOMIS SAYLES ABS STRAT Y		2012-10-08	2012-12-05
	.085 P I M C O FDS TOTAL RETURN FD		2009-06-02	2012-12-05
	7830.886 P I M C O FDS TOTAL RETURN FD		2012-08-08	2012-12-05
	1. BRITISH AMERN TOB PLC ADR		2012-10-18	2012-12-07
	185. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2012-10-18	2012-12-07
	5. THE GAP INC		2012-10-18	2012-12-07
	1. ILLINOIS TOOL WKS INC		2012-10-18	2012-12-07
	4. LENNAR CORP CL A		2012-11-15	2012-12-07
	1. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2012-12-10
	1. BRITISH AMERN TOB PLC ADR		2012-10-18	2012-12-10
	1. FRANKLIN RES INC		2012-09-26	2012-12-10
	211. THE GAP INC			2012-12-10
	146. ILLINOIS TOOL WKS INC		2012-10-18	2012-12-10
	1. LENNAR CORP CL A		2012-10-18	2012-12-10
	9. LENNAR CORP CL A		2012-11-09	2012-12-10
	50. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2012-12-17
	2. BRITISH AMERN TOB PLC ADR		2012-10-18	2012-12-17
	25. EXPRESS SCRIPTS HLDGS C		2012-10-18	2012-12-17
	1. FRANKLIN RES INC		2012-10-18	2012-12-17
	23. INTERCONTINENTAL EXCHANGE INC			2012-12-17
	36. LENNAR CORP CL A			2012-12-17
	2779. MITSUBISHI UFJ FINL GRP A D R		2012-10-08	2012-12-17
	123.994 LOOMIS SAYLES ABS STRAT Y		2012-10-08	2012-12-17
	1. QUALCOMM INC		2012-10-08	2012-12-17
	62. QUALCOMM INC		2012-10-18	2012-12-17
	114. SCHLUMBERGER LTD ISIN #AN8068571086			2012-12-17
	1. WACOAL HOLDINGS CORP A D R		2012-10-18	2012-12-17
	11. BLACKROCK INC		2012-11-01	2012-12-19
	1. BLACKROCK INC		2012-10-10	2012-12-19
	1. BRITISH AMERN TOB PLC ADR		2012-10-18	2012-12-19
	23. FRANKLIN RES INC		2012-10-18	2012-12-19
	56. LENNAR CORP CL A		2012-11-15	2012-12-19
	1. LENNAR CORP CL A		2012-09-23	2012-12-19
	9. LENNAR CORP CL A		2012-10-15	2012-12-19
	19. QUALCOMM INC		2012-10-18	2012-12-19
	1. SCHLUMBERGER LTD ISIN #AN8068571086		2012-10-18	2012-12-19
	5. APPLE COMPUTER INC		2012-10-08	2013-01-08
	1. APPLE COMPUTER INC		2012-09-10	2013-01-08
	234. BRITISH AMERN TOB PLC ADR		2012-10-18	2013-01-08
	984. CITY TELECOM H K LTD ADR		2012-10-18	2013-01-08
	94. CONCHO RES INC			2013-01-08
	754. GRUPO SIMEC A D R		2012-10-08	2013-01-08
	565. LG DISPLAY CO LTD A D R		2012-10-08	2013-01-08
	7856. MITSUBISHI UFJ FINL GRP A D R			2013-01-08
	18.292 LOOMIS SAYLES ABS STRAT Y		2012-10-08	2013-01-08
	6988.869 LOOMIS SAYLES ABS STRAT Y		2012-10-19	2013-01-08
	977.562 NUVEEN SANTA BARBARA DIV GROWTH FD I		2012-08-08	2013-01-08
	1987.763 NUVEEN DIVIDEND VALUE FUND CLASS I		2012-08-08	2013-01-08
	79. ORIX CORP SPONS A D R		2012-10-08	2013-01-08
	.03635 T ROWE PRICE SC STOCK		2012-08-22	2013-01-08
	402.96565 T ROWE PRICE SC STOCK			2013-01-08
	27. SANOFI A D R		2012-10-08	2013-01-08
	377. SANOFI A D R		2012-10-18	2013-01-08
	8. SANOFI A D R		2012-09-10	2013-01-08
	2. UNITED TECHNOLOGIES CORP		2012-10-18	2013-01-08
	1. WACOAL HOLDINGS CORP A D R		2012-10-18	2013-01-08
	274. ANHEUSER BUSCH INBEV NV A D R		2012-10-18	2013-01-25
	6. APPLE COMPUTER INC		2012-10-08	2013-01-25
	1. APPLE COMPUTER INC		2012-09-10	2013-01-25
	503. BP AMOCO PLC SPONSORED ADR			2013-01-25
	1. BIOGEN IDEC INC		2012-10-18	2013-01-25
	118.00055 BRITISH AMERN TOB PLC ADR		2012-10-18	2013-01-25
	99.99945 BRITISH AMERN TOB PLC ADR		2012-10-18	2013-01-25
	4. CVS CORP COM		2012-10-18	2013-01-25
	2. CELGENE CORP		2012-10-18	2013-01-25
	1300. CITY TELECOM H K LTD ADR		2012-10-08	2013-01-25
	743. CITY TELECOM H K LTD ADR		2012-11-01	2013-01-25
	230. CITY TELECOM H K LTD ADR		2012-11-09	2013-01-25
	176. COACH INC		2012-10-18	2013-01-25
	301. DIAGEO PLC SPONSORED A D R			2013-01-25
	234. GRUPO SIMEC A D R		2012-10-08	2013-01-25
	3. INTUITIVE SURGICAL INC		2012-10-08	2013-01-25
	2140. LG DISPLAY CO LTD A D R		2012-10-08	2013-01-25
	2751. MITSUBISHI UFJ FINL GRP A D R		2012-10-18	2013-01-25
	41.00098 NIPPON TELEGRAPH TELE A D R		2012-10-08	2013-01-25
	209.99902 NIPPON TELEGRAPH TELE A D R		2012-10-08	2013-01-25
	126. NOVO NORDISK AS A D R		2012-11-09	2013-01-25
	63.821 NUVEEN SMALL CAP VALUE FUND CL I		2012-08-08	2013-01-25
	803.046 NUVEEN SMALL CAP VALUE FUND CL I		2012-08-22	2013-01-25
	1239.991 NUVEEN MID CAP VALUE FUND CL I		2012-10-18	2013-01-25
	1953.1 OPPENHEIMER SR FLOAT RATE Y		2012-10-18	2013-01-25
	445.381 T ROWE PRICE BLUE CHIP GROWTH FD		2012-08-08	2013-01-25
	122. SANOFI A D R		2012-10-18	2013-01-25
	20. UNITED TECHNOLOGIES CORP		2012-10-18	2013-01-25
	1243.539 VANGUARD STRATEGIC EQUITY		2012-10-08	2013-01-25
	1526.717 VANGUARD STRATEGIC EQUITY		2012-10-19	2013-01-25
	181.98 VANGUARD TOTL STK MKT INDEXFD# 1341		2012-08-08	2013-01-25
	35. VISA INC CLASS A SHARES		2012-10-08	2013-01-25
	6. COVIDIEN PLC		2012-10-08	2013-01-25
	7. MICHAEL KORS HOLDINGS LLD		2012-10-18	2013-01-25
	13. CVS CORP COM		2012-10-18	2013-02-05
	243. DIAGEO PLC SPONSORED A D R		2012-12-05	2013-02-05
	23. E BAY INC		2012-10-18	2013-02-05
	209. GRUPO SIMEC A D R		2012-10-08	2013-02-05
	115. CITY TELECOM HK LTD A D R		2012-11-01	2013-02-05
	254. CITY TELECOM HK LTD A D R		2012-11-09	2013-02-05
	100. CITY TELECOM HK LTD A D R		2012-11-15	2013-02-05
	1266. LG DISPLAY CO LTD A D R		2012-10-08	2013-02-05
	192. MELCO CROWN ENTERTAINMENT LMTD A D R		2012-11-23	2013-02-05
	364. NIPPON TELEGRAPH TELE A D R		2012-10-08	2013-02-05
	132.99897 NIPPON TELEGRAPH TELE A D R		2012-10-07	2013-02-05
	108.00103 NIPPON TELEGRAPH TELE A D R		2012-10-07	2013-02-05
	41. NIPPON TELEGRAPH TELE A D R		2012-09-21	2013-02-05
	1. QUALCOMM INC		2012-10-08	2013-02-05
	41. QUALCOMM INC		2012-10-18	2013-02-05
	101. VMWARE INC CL A			2013-02-05
	8. COVIDIEN PLC		2012-10-08	2013-02-05
	2. MICHAEL KORS HOLDINGS LLD		2012-10-18	2013-02-05
	6. BIOGEN IDEC INC		2012-10-18	2013-02-20
	10. BIOGEN IDEC INC			2013-02-20
	9. BIOGEN IDEC INC		2012-12-05	2013-02-20
	9. BLACKROCK INC		2012-11-01	2013-02-20
	20. BLACKROCK INC			2013-02-20
	98. CBS CORP CLASS B NON VOTING		2012-10-18	2013-02-20
	19. CVS CORP COM		2012-10-18	2013-02-20
	77. E BAY INC		2012-10-18	2013-02-20
	6. ECOLAB INC		2012-10-18	2013-02-20
	112. EDWARDS LIFESCIENCES CORP			2013-02-20
	56. EXPRESS SCRIPTS HLDGS C		2012-10-18	2013-02-20
	52. FRANKLIN RES INC			2013-02-20
	177. INTUIT INC			2013-02-20
	1911. LG DISPLAY CO LTD A D R			2013-02-20
	1. LAS VEGAS SANDS CORP		2012-10-08	2013-02-20
	45. LAS VEGAS SANDS CORP		2012-10-18	2013-02-20
	197. LENNAR CORP CL A			2013-02-20
	129. MC GRAW-HILL COS INC			2013-02-20
	446.314 NUVEEN MID CAP GRWTH OPP FD CL I		2011-08-30	2013-02-20
	81. QUALCOMM INC		2012-10-18	2013-02-20
	1. SBA COMMUNICATIONS CORP CL A		2012-10-08	2013-02-20
	1. SBA COMMUNICATIONS CORP CL A		2012-12-17	2013-02-20
	12. SBA COMMUNICATIONS CORP CL A		2013-01-08	2013-02-20
	19. SALESFORCE COM INC		2012-10-08	2013-02-20
	381. UNILEVER N V A D R			2013-02-20
	11. UNITED TECHNOLOGIES CORP		2012-10-18	2013-02-20
	20. COVIDIEN PLC		2012-10-08	2013-02-20
	200. MICHAEL KORS HOLDINGS LLD		2012-10-18	2013-02-20
	24. APPLE COMPUTER INC		2012-10-08	2013-02-27
	1. APPLE COMPUTER INC		2012-09-10	2013-02-27
	2. CVS CORP COM		2012-10-18	2013-02-27
	51. CVS CORP COM		2012-11-09	2013-02-27
	224. CITY TELECOM HK LTD A D R		2012-11-01	2013-02-27
	1288. MELCO CROWN ENTERTAINMENT LMTD A D R		2012-11-23	2013-02-27
	115.99906 ROYAL DUTCH SHELL PLC A D R		2012-10-18	2013-02-27
	492.00094 ROYAL DUTCH SHELL PLC A D R			2013-02-27
	341. SANOFI A D R		2012-10-18	2013-02-27
	159. SAP AG A D R		2012-12-05	2013-02-27
	5. TERADATA CORP DEL		2012-11-01	2013-02-27
	28. TERADATA CORP DEL		2012-12-05	2013-02-27
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,911	7,298	-3,387
b	5,855	7,440	-1,585
c	6,155	4,864	1,291
d	6,253	6,586	-333
e	3,096	3,659	-563
	7,875	22,286	-14,411
	3,093	4,591	-1,498
	539	1,160	-621
	4,706	7,674	-2,968
	879	2,043	-1,164
	3,244	5,039	-1,795
	4,655	5,646	-991
	7,961	6,165	1,796
	5,042	11,195	-6,153
	308		308
	308		308
	251,382	250,000	1,382
	7,268	5,215	2,053
	24,458	7,977	16,481
	2,164	15,063	-12,899
	316	783	-467
	146,678	169,387	-22,709
	517,270	441,539	75,731
	2,864	8,344	-5,480
	509,024	550,000	-40,976
	75,668	61,269	14,399
	168,330	124,216	44,114
	318,811	390,000	-71,189
	6,712	8,218	-1,506
	402,881	400,000	2,881
	40,022	40,000	22
	13,288	13,110	178
	3,427	2,461	966
	9,056	6,505	2,551
	25,846	8,462	17,384
	5	11	-6
	35,459	4,384	31,075
	56,953	48,295	8,658
	14,230	259	13,971
	6,244	5,070	1,174
	5,769	5,511	258
	4,185	9,740	-5,555
	2	2
	322,073	314,390	7,683
	12,295	9,093	3,202
	11,257	13,773	-2,516
	9,301	6,764	2,537
	7,000	6,257	743
	10,641	7,565	3,076
	7,342	6,016	1,326
	16,319	12,440	3,879
	5,762	6,351	-589
	11,774	14,245	-2,471
	25,588	19,394	6,194
	5,743	6,514	-771
	5,853	8,424	-2,571
	13,620	12,003	1,617
	9,312	6,463	2,849
	37,555	25,157	12,398
	7,607	7,223	384
	7,035	6,253	782
	6,135	7,198	-1,063
	6,355	5,951	404
	16,855	15,223	1,632
	12,073	5,612	6,461
	5,844	6,557	-713
	13,015	13,362	-347
	9,070	9,798	-728
	21,505	16,765	4,740
	4,781	5,133	-352
	12,340	9,922	2,418
	6,602	5,881	721
	3,241	3,157	84
	30,440	22,238	8,202
	5,629	5,973	-344
	11,968	12,416	-448
	9,849	8,095	1,754
	14,617	13,102	1,515
	15,148	13,497	1,651
	8,777	5,854	2,923
	5,451	5,735	-284
	4,118	7,009	-2,891
	13,865	12,712	1,153
	7,167	6,594	573
	6,332	6,556	-224
	6,470	6,016	454
	16,015	12,955	3,060
	7,877	6,678	1,199
	7,130	6,069	1,061
	6,546	7,177	-631
	5,468	7,084	-1,616
	5,944	6,448	-504
	6,467	7,136	-669
	5,635	5,568	67
	7,071	6,055	1,016
	7,311	6,301	1,010
	4,044	4,412	-368
	14,103	21,510	-7,407
	6,957	5,853	1,104
	4,588	7,405	-2,817
	5,967	6,626	-659
	13,865	12,872	993
	6,853	6,083	770
	6,122	4,845	1,277
	7,028	6,041	987
	6,784	6,152	632
	7,072	6,791	281
	230,616	26,943	203,673
	146,756	17,145	129,611
	141,833	2,498	139,335
	7,441	131	7,310
	144,757	71,900	72,857
	4,143	4,393	-250
	731	775	-44
	32,058	20,647	11,411
	57,583	21,564	36,019
	245,673	80,550	165,123
	4,024	1,648	2,376
	74,663	31,460	43,203
	32,751	14,874	17,877
	112,851	14,182	98,669
	64,680	53,093	11,587
	417,321	4,959	412,362
	122,810	2,199	120,611
	9,550	9,248	302
	9,004	8,632	372
	22,216	21,599	617
	277,766	67,855	209,911
	422	418	4
	133,308	129,572	3,736
	11,007	10,654	353
	9,858	10,138	-280
	21,111	20,476	635
	468,652	453,383	15,269
	90,950	87,417	3,533
	25,480	2,762	22,718
	8,170	9,071	-901
	681	756	-75
	9,278	8,998	280
	9,513	8,786	727
	5,837	5,940	-103
	63,701	62,388	1,313
	54,245	43,601	10,644
	14,470	14,173	297
	31,812	28,650	3,162
	1,108	1,115	-7
	6,023	6,061	-38
	32,046	33,030	-984
	80,656	78,805	1,851
	5,433	6,005	-572
	151	151
	1,948	2,194	-246
	528	574	-46
	10,885	11,905	-1,020
	4,827	4,782	45
	1,308	1,334	-26
	311,461	322,000	-10,539
	811	807	4
	2,481	2,604	-123
	130,912	132,347	-1,435
	6,219	6,274	-55
	5,672	6,328	-656
	8,493	10,209	-1,716
	187	191	-4
	571	530	41
	128	131	-3
	3,663	3,652	11
	2,718	2,860	-142
	342	354	-12
	190	194	-4
	48	49	-1
	130	133	-3
	130	131	-1
	832	840	-8
	388	392	-4
	44	45	-1
	4,060	4,162	-102
	249	299	-50
	1,467	1,523	-56
	25,595	25,601	-6
	3,624	3,489	135
	10,848	10,799	49
	17,216	16,441	775
	4,580	4,259	321
	132	133	-1
	4,196	4,261	-65
	3,769	3,782	-13
	39	38	1
	7,031	7,391	-360
	12,005	12,614	-609
	408	484	-76
	767	778	-11
	194	191	3
	194	194
	992	968	24
	9	9
	131	135	-4
	60	60
	1,852	1,793	59
	39	38	1
	7,364	7,273	91
	4,835	5,962	-1,127
	89	87	2
	24,528	24,304	224
	38,761	37,950	811
	1,951	2,257	-306
	6,480	6,468	12
	445	519	-74
	1,907	2,222	-315
	2,104	2,041	63
	293	308	-15
	18,254	18,110	144
	1	1
	91,230	89,507	1,723
	105	103	2
	6,423	7,199	-776
	158	185	-27
	61	60	1
	147	143	4
	88	86	2
	105	103	2
	127	133	-6
	6,465	7,953	-1,488
	9,043	8,764	279
	36	38	-2
	326	345	-19
	4,356	4,325	31
	207	207
	1,384	1,602	-218
	129	133	-4
	2,932	3,006	-74
	1,383	1,393	-10
	12,867	13,006	-139
	1,271	1,255	16
	61	62	-1
	3,812	3,740	72
	7,909	8,206	-297
	53	58	-5
	2,277	2,090	187
	207	194	13
	102	103	-1
	2,950	3,066	-116
	2,219	1,998	221
	40	38	2
	357	339	18
	1,202	1,146	56
	72	75	-3
	2,632	3,190	-558
	526	742	-216
	23,924	24,197	-273
	5,955	4,398	1,557
	7,935	8,856	-921
	10,841	9,678	1,163
	7,639	6,800	839
	40,380	36,864	3,516
	188	185	3
	71,985	71,147	838
	26,815	26,013	802
	29,578	28,882	696
	4,192	3,996	196
	1	1
	14,108	14,156	-48
	1,309	1,196	113
	18,278	17,240	1,038
	388	378	10
	167	158	9
	52	58	-6
	25,068	23,698	1,370
	2,702	3,828	-1,126
	450	742	-292
	22,152	20,992	1,160
	146	151	-5
	12,084	12,202	-118
	10,241	10,341	-100
	209	187	22
	194	157	37
	7,735	5,967	1,768
	4,421	3,343	1,078
	1,368	1,045	323
	9,055	10,037	-982
	35,407	36,124	-717
	3,423	3,004	419
	1,725	1,528	197
	27,605	25,756	1,849
	14,552	12,957	1,595
	847	1,011	-164
	4,339	5,176	-837
	23,072	19,837	3,235
	915	815	100
	11,508	10,399	1,109
	31,793	29,822	1,971
	16,289	16,191	98
	21,409	19,717	1,692
	5,971	5,579	392
	1,777	1,584	193
	28,626	26,338	2,288
	35,145	32,122	3,023
	6,624	6,124	500
	5,574	4,857	717
	381	359	22
	403	394	9
	668	606	62
	28,759	29,095	-336
	1,286	1,153	133
	3,127	2,683	444
	668	517	151
	1,476	1,155	321
	581	459	122
	15,939	15,237	702
	4,017	2,914	1,103
	7,622	8,972	-1,350
	2,785	3,315	-530
	2,261	2,692	-431
	859	1,031	-172
	66	62	4
	2,701	2,474	227
	7,892	8,615	-723
	497	479	18
	107	112	-5
	1,002	905	97
	1,670	1,399	271
	1,503	1,361	142
	2,189	1,710	479
	4,864	3,828	1,036
	4,400	3,356	1,044
	994	886	108
	4,375	3,861	514
	453	419	34
	9,692	9,742	-50
	3,198	3,589	-391
	7,562	6,902	660
	11,046	10,796	250
	26,983	23,984	2,999
	51	45	6
	2,312	2,068	244
	7,709	7,327	382
	5,821	7,060	-1,239
	20,593	19,499	1,094
	5,317	4,887	430
	67	65	2
	67	70	-3
	808	830	-22
	3,332	2,918	414
	15,293	14,807	486
	1,002	871	131
	1,269	1,197	72
	12,628	11,244	1,384
	10,727	15,313	-4,586
	447	742	-295
	101	93	8
	2,574	2,360	214
	1,469	1,008	461
	24,165	19,550	4,615
	7,509	8,084	-575
	31,848	34,291	-2,443
	15,727	15,594	133
	12,295	12,619	-324
	300	322	-22
	1,679	1,621	58
			497

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			-3,387
b			-1,585
c			1,291
d			-333
e			-563
			-14,411
			-1,498
			-621
			-2,968
			-1,164
			-1,795
			-991
			1,796
			-6,153
			308
			308
			1,382
			2,053
			16,481
			-12,899
			-467
			-22,709
			75,731
			-5,480
			-40,976
			14,399
			44,114
			-71,189
			-1,506
			2,881
			22
			178
			966
			2,551
			17,384
			-6
			31,075
			8,658
			13,971
			1,174
			258
			-5,555

			7,683
			3,202
			-2,516
			2,537
			743
			3,076
			1,326
			3,879
			-589
			-2,471
			6,194
			-771
			-2,571
			1,617
			2,849
			12,398
			384
			782
			-1,063
			404
			1,632
			6,461
			-713
			-347
			-728
			4,740
			-352
			2,418
			721
			84
			8,202
			-344
			-448
			1,754
			1,515
			1,651
			2,923
			-284
			-2,891
			1,153
			573
			-224
			454
			3,060
			1,199
			1,061
			-631
			-1,616
			-504
			-669
			67
			1,016
			1,010
			-368
			-7,407
			1,104
			-2,817
			-659
			993
			770
			1,277
			987
			632
			281
			203,673
			129,611
			139,335
			7,310
			72,857
			-250
			-44
			11,411
			36,019
			165,123
			2,376
			43,203
			17,877
			98,669
			11,587
			412,362
			120,611
			302
			372
			617
			209,911
			4
			3,736
			353
			-280
			635
			15,269
			3,533
			22,718
			-901
			-75
			280
			727
			-103
			1,313
			10,644
			297
			3,162
			-7
			-38
			-984
			1,851
			-572

			-246
			-46
			-1,020
			45
			-26
			-10,539
			4
			-123
			-1,435
			-55
			-656
			-1,716
			-4
			41
			-3
			11
			-142
			-12
			-4
			-1
			-3
			-1
			-8
			-4
			-1
			-102
			-50
			-56
			-6
			135
			49
			775
			321
			-1
			-65
			-13
			1
			-360
			-609
			-76
			-11
			3

			24

			-4

			59
			1
			91
			-1,127
			2
			224
			811
			-306
			12
			-74
			-315
			63
			-15
			144

			1,723
			2
			-776
			-27
			1
			4
			2
			2
			-6
			-1,488
			279
			-2
			-19
			31

			-218
			-4
			-74
			-10
			-139
			16
			-1
			72
			-297
			-5
			187
			13
			-1
			-116
			221
			2
			18
			56
			-3
			-558
			-216
			-273
			1,557
			-921
			1,163
			839
			3,516
			3
			838
			802
			696
			196

			-48
			113
			1,038
			10
			9
			-6
			1,370
			-1,126
			-292
			1,160
			-5
			-118
			-100
			22
			37
			1,768
			1,078
			323
			-982
			-717
			419
			197
			1,849
			1,595
			-164
			-837
			3,235
			100
			1,109
			1,971
			98
			1,692
			392
			193
			2,288
			3,023
			500
			717
			22
			9
			62
			-336
			133
			444
			151
			321
			122
			702
			1,103
			-1,350
			-530
			-431
			-172
			4
			227
			-723
			18
			-5
			97
			271
			142
			479
			1,036
			1,044
			108
			514
			34
			-50
			-391
			660
			250
			2,999
			6
			244
			382
			-1,239
			1,094
			430
			2
			-3
			-22
			414
			486
			131
			72
			1,384
			-4,586
			-295
			8
			214
			461
			4,615
			-575
			-2,443
			133
			-324
			-22
			58

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,915,345
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 . . . . . . . . . . . . . . . .		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? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see 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	244,868	5,746,332	0.042613
2010	258,599	5,254,414	0.049216
2009	299,417	4,838,502	0.061882
2008	258,922	5,282,780	0.049012
2007	158,257	5,746,327	0.027541

2	Total of line 1, column (d) ......................	2	0.230264
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	0.046053
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	5,927,436
5	Multiply line 4 by line 3.......................	5	272,976
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	20,162
7	Add lines 5 and 6.........................	7	293,138
8	Enter qualifying distributions from Part XII, line 4..............	8	301,874
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	20,162
	hereand 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	20,162
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	20,162
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	2,216
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	2,216
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9	17,946
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

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

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .............

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).................

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

Yes

Website address bullet

The books are in care of bullet

US BANK Telephone no. bullet

(503) 275-4327

Located at bullet

555 SW OAKPORTLANDOR ZIP+4 bullet

97204

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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	68,344
PO BOX 3168 PORTLAND,OR97208	TRUSTEE 1	68,344

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...................				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............. bullet

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)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,869,874

Average of monthly cash balances.......................

147,828

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,017,702

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,017,702

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see

instructions) .............................

90,266

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

5,927,436

Minimum investment return. Enter 5% of line 5..................

296,372

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

296,372

Tax on investment income for 2012 from Part VI, line 5......

20,162

Income tax for 2012. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

20,162

Distributable amount before adjustments. Subtract line 2c from line 1............

276,210

Recoveries of amounts treated as qualifying distributions................

6,236

Add lines 3 and 4............................

282,446

Deduction from distributable amount (see instructions).................

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

line 1................................

282,446

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

301,874

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

301,874

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).................

20,162

Adjusted qualifying distributions. Subtract line 5 from line 4..............

281,712

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)

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					282,446
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				269,841
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.......	0
d From 2010.......	0
e From 2011.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2012 from Part
XII, line 4: $ 301,874
a Applied to 2011, but not more than line 2a				269,841
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.....					32,033
e Remaining amount distributed out of corpus		0
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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see 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 ..........					250,413
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 ......		0
10 Analysis of line 9:
a Excess from 2008....	0
b Excess from 2009....	0
c Excess from 2010....	0
d Excess from 2011....	0
e Excess from 2012....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:

LINDA THOMAS BUSH
1025 NW BOND ST
BEND,OR97701
(541) 465-4120

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:

RESIDENTS OF GRANT COUNTY, OR

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOISE STATE UNIVERSITY 1910 UNIVERSITY DRIVE BOISE,ID83725	NONE	PUBLIC	SCHOLARSHIP	10,000
BLUE MOUNTAIN COMM COLL 2411 NW CARDEN PENDLETON,OR97801	NONE	PUBLIC	SCHOLARSHIP	18,000
CHEMEKETA COMM COLL FINANCIAL AID OFFICE 4000 LANCASTER DR NE SALEM,OR97309	NONE	PUBLIC	SCHOLARSHIP	9,000
CENTRAL OREGON COMM COLL FINANCIAL AID OFFICE 2600 NW COLLEGE WAY BEND,OR97701	NONE	PUBLIC	SCHOLARSHIP	25,000
EASTERN OREGON UNIVERSITY FINANCIAL AID OFFICE ONE UNIVERSITY BLVD INLOW HALL ROOM LA GRANDE,OR97850	NONE	PUBLIC	SCHOLARSHIP	128,000
GEORGE FOX UNIVERSITY FINANCIAL AID OFFICE 414 N MERIDIAN STREET NEWBERG,OR97132	NONE	PUBLIC	SCHOLARSHIP	3,000
LINN-BENTON COMM COLL FINANCIAL AID OFFICE 6500 PACIFIC BLVD SW ALBANY,OR97321	NONE	PUBLIC	SCHOLARSHIP	3,000
LINFIELD COLLEGE FINANCIAL AID OFFICE 900 SE BAKER ST MCMINNVILLE,OR97128	NONE	PUBLIC	SCHOLARSHIP	5,800
NORTHWEST NAZARENE UNIV FINANCIAL AID OFFICE 623 S UNIVERSITY BLVD NAMPA,ID83686	NONE	PUBLIC	SCHOLARSHIP	3,000
OR HEALTH & SCIENCE UNIV FINANCIAL AID OFFICE 3455 SW US VETERANS HOSP RD PORTLAND,OR97239	NONE	PUBLIC	SCHOLARSHIP	3,000
OREGON INSTITUTE OF TECH ODS FINANCIAL AID OFFICE 909 ADAMS AVE LAGRANDE,OR97850	NONE	PUBLIC	SCHOLARSHIP	2,800
OREGON STATE UNIVERSITY 218 KERR ADMIN BLDG CORVALLIS,OR97331	NONE	PUBLIC	SCHOLARSHIP	1,000
PACIFIC UNIVERSITY FINANCIAL AID OFFICE 2043 COLLEGE WAY FOREST GROVE,OR97116	NONE	PUBLIC	SCHOLARSHIP	1,000
SOUTHERN OREGON UNIV FINANCIAL AID OFFICE 1250 SISKIYOU BLVD ASHLAND,OR97520	NONE	PUBLIC	SCHOLARSHIP	964
UNIVERSITY OF IDAHO FINANCIAL AID OFFICE PO BOX 444264 MOSCOW,ID83844	NONE	PUBLIC	SCHOLARSHIP	2,800
NOVA SOUTHEASTERN OFFICE OF FINANCIAL AID 3301 COLLEGE AVE FT LAUDERDALEDAVIE,FL33314	NONE	PUBLIC	SCHOLARSHIP	4,000
FIVE BRANCHES UNIVERSITY FINANCIAL AID OFFICE 200 7TH AVE SANTA CRUZ,CA95062	NONE	PUBLIC	SCHOLARSHIP	3,000
HAWAII PACIFIC UNIVERSITY FINANCIAL AID OFFICE 114 BISHOP ST HONOLULU,HI96813	NONE	PUBLIC	SCHOLARSHIP	5,800
AVEDA INSTITUTE FINANCIAL AID OFFICE 325 NW 13TH AVE PORTLAND,OR97209	NONE	PUBLIC	SCHOLARSHIP	2,977
BRIGHAM YOUNG UNIVERSITY UNIVERSITY HILL PROVO,UT84602	NONE	PUBLIC	SCHOLARSHIP	19,800
COLORADO STATE UNIVERSITY 2009 COLORADO STATE UNIVERSITY FORT COLLINS,CO80523	NONE	PUBLIC	SCHOLARSHIP	5,800
CORBAN UNIVERSITY 5000 DEER PARK DRIVE SE SALEM,OR97317	NONE	PUBLIC	SCHOLARSHIP	8,800
UNIVERSITY OF OREGON 1217 UNIVERSITY OF OREGON EUGENE,OR97403	NONE	PUBLIC	SCHOLARSHIP	4,000
COLLIN COLLEGE FINANCIAL AID DEPARTMENT 2200 W UNIVERSITY DR MCKINNEY,TX75071	NONE	PUBLIC	SCHOLARSHIP	4,000
COLUMBIA GORGE COMM COLLEGE FINANCIAL AID DEPARTMENT 400 E SCENIC DRIVE THE DALLES,OR97058	NONE	PUBLIC	SCHOLARSHIP	4,000
KANSAS STATE UNIVERSITY FINANCIAL AID DEPARTMENT 119 ANDERSON HALL MANHATTAN,KS66506	NONE	PUBLIC	SCHOLARSHIP	3,000
NORTH IDAHO COLLEGE FINANCIAL AID DEPARTMENT 1000 W GARDEN AVE COEUR D ALENE,ID83814	NONE	PUBLIC	SCHOLARSHIP	4,000
OLIVET NAZARENE UNIVERSITY FINANCIAL AID DEPARTMENT ONE UNIVERSITY AVE BOURBONNAIS,IL60914	NONE	PUBLIC	SCHOLARSHIP	4,000
BIG BEND COMMUNITY COLLEGE FINANCIAL AID SERVICES 1ST FLOOR BUILDING 1400 MOSES LAKE,WA98837	NONE	PUBLIC	SCHOLARSHIP	3,000
Total ................................. 3a				292,541

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	164,333
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	1,915,345
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)..				2,079,678

13Total. Add line 12, columns (b), (d), and (e)..................

132,079,678

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN CENTURY INTL BOND
NUVEEN HIGH INCOME BOND FD	145,098	148,224

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMGEN INC	4,460	4,761
ANADARKO PETE CORP
AT&T INC
BOEING CO
CITIGROUP INC
DISCOVER FINL SVCS
EXXON MOBIL CORP
FED EX CORP
INTL BUSINESS MACHINES	3,478	28,518
MCDONALDS CORP
MONSANTO CO	427	26,672
MORGAN STANLEY
PFIZER INC
SOUTHWEST AIRLS CO
VERIZON COMMUNICATIONS INC
ZIMMER HOLDINGS INC
LAUDUS INTL MRKTMASTERS INV FD
ISHARES S&P SMALL CAP 600
ABB LTD ADR REPSTG ONE
AGRIUM INC
ANGLO AMERICAN PLC ADR
ASTRAZENECA PLC SPSD ADR	106,963	102,285
ATLAS COPCO AB ADR CL B
BOC HONG KONG HLDGS
BRITISH AMERN TOB PLC	10,704	10,428
DBS GROUP HLDGS LTD
FOMENTO ECONOMICO MEXICANO ADR
HONDA MTR LTD
KEPPEL CORP LTD SPONS ADR
KONINKLIJKE (ROYAL) KPN NV
NESTLE S A SPONSORED ADR
NOVARTIS AG ADR	19,464	20,882
PETROLEO BRASILEIRO SPON A D R
SANOFI AVENTIS ADR	23,002	24,119
TOTAL SA ADR REPSTG
ZURICH FINANCIAL SERVICES ADR
BARCLAYS PLC ADR
CANON INC ADR REPSTG
LUKOIL SPON A D R
MITSUI & CO LTD SPSD ADR
NISSAN MTR LTD
ORIX CORP SPONS ADR	99,291	107,584
VALE SA SP ADR
PIMCO TOTAL RETURN FUND	640,412	632,900
FRONTIER COMM CORP
ISHARES MSCI EMERGING MKTS ETF
NUVEEN REAL ESTATE SECS FD	248,737	315,702
ANHEUSER BUSCH INBEV NV ADR
B A S F AG ADR
B H P BILLITON PLC ADR
B T GROUP PLC ADR
BAYERISCHE MOTOREN WERKE ADR
HSBC HLDGS PLC SPONS ADR
INTERCONTINENTAL HTLS GRP
LVMH MOET HENNESSY LOU VUITT
ROYAL DUTCH SHELL PLC ADR	64,668	59,447
SIEMENS AG ADR
VODAFONE GROUP PLC ADR
VOLVO AB SPONS ADR
NUVEEN MID CAP GRWTH OPP FD	98,268	102,253
TFS MARKET NEUTRAL FD	182,791	189,930
VANGUARD INTL GRWTH PORT
ALLIANZ SE A D R REPSTG
B A E SYSTEMS P L C A D R
BAIDU COM INC A D R	6,737	5,627
BROOKFIELD ASSET MANAGE
CARNIVAL PLC A D R
CHINA MOBILE LIMITED A D R
ENEL SOCIETA A D R
HITACHI LTD
NATIONAL GRID PLC SP A D R	102,244	98,960
NIPPON TELEGRAPH TELE A D R	91,151	85,344
NOVO NORDISK AS A D R
REPSOL S A SPONS A D R
ROCHE HLDG LTD A D R
SBERBANK SPONSORED A D R
SHIRE PLC A D R	25,174	24,258
TRANSOCEAN LTD
UNILEVER PLC SPSD ADR
VALEOSA SPON ADR
ALLERGAN INC	5,435	6,505
AMAZON COM INC	19,066	19,556
AMERICAN TOWER CORP	10,532	10,709
APPLE INC	35,881	24,139
BIOGEN IDEC INC	14,918	16,634
BLACKROCK INC	4,369	5,514
BORG WARNER INC	9,485	10,492
CABOT OIL GAS CORP	7,689	10,783
CBS CORP CLASS B NON VOTING	6,643	8,418
CELGENE CORP	14,598	19,208
CERNER CORP	11,523	13,819
COSTCO WHSL CORP	9,977	10,534
CVS CAREMARK CORP	13,852	15,268
DANAHER CORP	26,116	29,814
DELTA AIR LINES INC	4,029	4,095
DISNEY WALT CO	1,951	1,965
DOLLAR GENERAL CORP	11,217	10,936
E BAY INC	11,701	12,857
E M C CORPORATION	12,867	11,735
ECOLAB INC	17,690	19,367
EXPRESS SCRIPTS HLDGS C	15,191	13,492
FACEBOOK INC A	9,678	11,963
FLUOR CORP	12,596	13,247
FMC TECHNOLOGIES INC	7,886	8,929
FRANKLIN RES INC	11,962	12,854
GILEAD SCIENCES INC	10,607	13,158
GOOGLE INC CL A	26,234	28,042
GRAINGER W W INC	8,476	9,964
HCA HOLDINGS INC	4,135	5,044
HOME DEPOT INC	14,450	15,686
INTUITIVE SURGICAL INC	12,362	12,237
LAS VEGAS SANDS CORP	6,044	6,797
LAUDER ESTEE COS INC	14,106	13,974
LENNAR CORP	153	154
MASTERCARD INC	11,733	12,945
NEWS CORP INC	1,681	1,728
PRECISION CASTPARTS CORP	14,854	16,420
PRICELINE COM INC	21,554	24,119
QUALCOMM INC	17,975	19,364
RALPH LAUREN CORP	13,320	14,051
RANGE RESOURCES CORP	8,641	9,600
ROSS STORES INC	8,001	7,830
SALESFORCE COM INC	17,357	19,122
SBA COMMUNICATIONS CORP	10,728	11,450
SIRIUS XM RADIO	8,764	9,395
STARBUCKS CORP	13,026	14,700
TERADATA CORP	8,227	6,498
ULTA SALON COSMETICS & FRAG	8,669	8,059
UNION PACIFIC CORP	33,068	35,923
UNITED HEALTH GROUP INC	12,133	11,599
UNITED TECHNOLOGIES CORP	19,879	22,728
VISA INC	28,652	32,363
WELLS FARGO CO	11,317	11,366
WILLIAMS COS INC	4,922	5,380
YUM BRANDS INC	5,359	4,911
CITY TELECOM HK LTD ADR	6,508	9,634
COVIDIEN PLC	9,723	10,807
DELHAIZE GROUP SPONS ADR	14,958	15,119
FLY LEASING LTD ADR	86,322	85,598
GLAXO SMITHKLINE PLC ADR	9,301	9,290
GRUPO FIN SANTANDER ADR	23,445	23,141
GRUPO SIMEC ADR	48,609	48,739
HIMAX TECHNOLOGIES INC ADR	7,754	11,186
KB FINANCIAL GROUP ADR	20,397	20,160
KT CORP SP ADR	65,953	60,756
MELCO CROWN ENTERTAINMENT LTD	31,227	39,829
MIZUHO FNL GRP ADR	6,678	8,973
NXP SEMICONDUCTORS NV	1,461	1,519
PT INDOSAT ADR	7,067	7,357
SMITH NEPHEW PLC ADR	39,339	37,851
STATOIL ASA ADR	39,639	37,220
SUMITOMO MITSUI FINL GROUP ADR	42,469	43,792
TEVA PHARM INDS LTD ADR	18,963	18,663
TOYOTA MTR CORP ADR	71,234	87,723
TRINITY BIOTECH PLC SPON ADR	13,188	15,456
WACOAL HOLDINGS CORP ADR	26,866	24,128
WESTPAC BANKING COPR SP ADR	15,742	18,461
XINYUAN REAL ESTATE CO LTD ADR	21,562	41,277
ABERDEEN FDS EMRGN MKT	235,230	246,480
CREDIT SUISSE COMM RET ST CO	17,282	17,143
FIDELITY CAP TR CAP APPREC FD	199,123	203,737
LOOMIS SAYLES ABS STRAT	145,776	148,118
NUVEEN DIVIDEND VALUE FUND	69,139	72,353
NUVEEN MID CAP VALUE FUND	104,313	112,381
NUVEEN SANTA BARBARA DIV GRWTH	110,693	116,568
NUVEEN SMALL CAP VALUE FUND	78,465	88,159
OPPENHEIMER COM STR TR FD	4,161	4,002
OPPENHEIMER DEVELOPING MKTS	294,116	305,298
OPPENHEIMER SR FLOAT RATE	122,093	122,916
SPDR DJ WILSHIRE INTL	239,022	251,265
SPDR GOLD TRUST	386,322	345,780
T ROWE PRICE BLUE CHIP GRWTH	165,436	179,334
T ROWE PRICE SC STOCK	81,396	82,812
VANGUARD STRATEGIC EQUITY	203,463	226,112
VANGUARD TOTAL STK MKT INDEX	155,183	168,722

Description	Amount
RETURNED SCHOLARSHIPS PY	6,236
RETURNED SCHOLARSHIPS EMINGER STEWART FDN	13,166
RECEIVED VS REPORTED PY	3,766

Category	Amount	Net Investment Income
FOREIGN TAXES	2,104	2,104
FEDERAL ESTIMATES - PRINCIPAL	384	0
FOREIGN TAXES ON QUALIFIED FOR	870	870
FOREIGN TAXES ON NONQUALIFIED	370	370

Description	Amount
ADJ COST CORR ON WA SALES	899
ROUNDING ON SALES	24