Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
JOHN W MCKEE EDUCATIONAL TRUST 50255290
 

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 or province, country, and ZIP or foreign postal code
PORTLAND, OR97208
A Employer identification number

23-7058723
B Telephone number (see instructions)

(503) 464-3580
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E 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$2,134,322J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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...... 8,467 8,467  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 24,726
b Gross sales price for all assets on line 6a 215,962
7 Capital gain net income (from Part IV, line 2)... 24,726
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 369 369  
12 Total. Add lines 1 through 11........ 33,562 33,562  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,290 7,461   829
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,596 0 0 1,596
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,336 170   0
19 Depreciation (attach schedule) and depletion... 55 55  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 56 56    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,833 7,742 0 3,925
25 Contributions, gifts, grants paid........ 45,650 45,650
26 Total expenses and disbursements. Add lines 24 and 25 58,483 7,742 0 49,575
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -24,921
b Net investment income (if negative, enter -0-) 25,820
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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............... 799 181 181
2 Savings and temporary cash investments.......... 9,488 10,825 10,825
3 Accounts receivable bullet554
Less: allowance for doubtful accounts bullet   850 554 554
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 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)      
b Investments—corporate stock (attach schedule)........ 259,190 Click to see attachment237,071 280,005
c Investments—corporate bonds (attach schedule)........ 120,567 Click to see attachment118,151 111,893
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) 57 57 1,730,864
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 390,951 366,839 2,134,322
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......... 390,951 366,839
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).................... 390,951 366,839
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 390,951 366,839
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)............... 1 390,951
2 Enter amount from Part I, line 27a..................... 2 -24,921
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 809
4 Add lines 1, 2, and 3.......................... 4 366,839
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 366,839
Form 990-PF (2013)
Form 990-PF (2013)
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 25. MOTOROLA SOLUTIONS INC   2012-11-21 2013-01-08
b 20. P N C FINANCIAL SERVICES GROUP INC   2012-07-03 2013-01-08
c 19.88774 T ROWE PRICE MID CAP GROWTH FD #64   2012-11-07 2013-01-08
d 4.31526 T ROWE PRICE MID CAP GROWTH FD #64   2012-11-07 2013-01-08
e 14.51949 T ROWE PRICE MID CAP VALUE FD INC   2012-11-07 2013-01-08
46.56251 T ROWE PRICE MID CAP VALUE FD INC   2012-11-07 2013-01-08
. DELL INC     2013-01-09
25. ABBOTT LABS   2008-06-26 2013-01-23
25. ABBVIE INC   2008-06-26 2013-01-23
40. DOW CHEM CO   2012-11-07 2013-02-07
47. E M C CORP MASS     2013-02-07
55. EXELON CORP   2005-11-02 2013-02-07
50. GENERAL ELEC CO   1997-11-18 2013-02-07
4.99978 GENERAL ELEC CO   2001-10-22 2013-02-07
10.00022 GENERAL ELEC CO   2001-10-22 2013-02-07
5. GENERAL ELEC CO   2012-11-07 2013-02-07
50. GENERAL MILLS INC   2010-02-10 2013-02-07
58. GILEAD SCIENCES INC   2012-08-07 2013-02-07
185. LSI CORPORATION   2012-11-21 2013-02-07
40. MARATHON OIL CORPORATION   2012-11-07 2013-02-07
40. MICROSOFT CORP     2013-02-07
45. MICROSOFT CORP   2012-11-21 2013-02-07
10. PFIZER INC COMMON STOCK   2006-04-04 2013-02-07
38. PFIZER INC COMMON STOCK   2000-03-27 2013-02-07
25. PRUDENTIAL FINL INC   2012-11-07 2013-02-07
20. PRUDENTIAL FINL INC   2011-04-14 2013-02-07
30. VERIZON COMMUNICATIONS   2001-03-15 2013-02-07
35. WAL MART STORES INC     2013-02-07
20. BAXTER INTL INC   2013-02-07 2013-02-22
50. EMERSON ELEC CO     2013-02-22
30. FREEPORT MCMORAN COPPER GOLD   2012-11-07 2013-02-22
59.9994 INTEL CORP     2013-02-22
37.0006 INTEL CORP     2013-02-22
20. JARDEN CORP   2013-02-07 2013-02-22
20. UNITED TECHNOLOGIES CORP   2004-07-15 2013-02-22
5. UNITED TECHNOLOGIES CORP   2012-11-21 2013-02-22
20. ACCENTURE PLC CL A   2012-05-02 2013-02-22
60. IPATH DOW JONES UBS COMMODITY   2007-07-31 2013-03-01
65. IPATH DOW JONES UBS COMMODITY   2010-10-21 2013-03-01
55. GENERAL ELEC CO     2013-03-01
40. MICROSOFT CORP   2013-02-22 2013-03-01
5. MICROSOFT CORP   2006-08-09 2013-03-01
30. NIKE INC   2012-07-03 2013-03-01
27. P G E CORP   2011-05-03 2013-03-01
45. PFIZER INC COMMON STOCK     2013-03-01
25. UNITED PARCEL SERVICE INC CL B     2013-03-01
35. APACHE CORP     2013-04-12
10. CHEVRONTEXACO CORP   2011-03-07 2013-04-12
30. DISNEY WALT CO   2010-02-10 2013-04-12
15. ECOLAB INC   2002-06-11 2013-04-12
30. MACYS INC   2013-03-01 2013-04-12
10. MCKESSON CORPORATION   2013-01-23 2013-04-12
20. PEPSICO INC   2004-02-26 2013-04-12
85. SPDR DJ WILSHIRE INTERNATIONAL   2011-01-27 2013-04-12
20. CIGNA CORP   2013-04-12 2013-05-01
507.609 DRIEHAUS ACTIVE INCOME FUND   2012-09-17 2013-05-01
287.152 DRIEHAUS ACTIVE INCOME FUND   2011-05-03 2013-05-01
13. GENERAL ELEC CO     2013-05-01
40. GENERAL ELEC CO   2012-11-07 2013-05-01
185. ISHARES MSCI EMERGING MARKETS ETF     2013-05-01
313. ISHARES MSCI EMERGING MARKETS ETF     2013-05-01
22. ISHARES JPMORGAN USD EMERG ETF     2013-05-01
29. ISHARES IBOXX HIGH YIELD ETF     2013-05-01
19. JOHNSON & JOHNSON     2013-05-01
5. JOHNSON & JOHNSON   2012-11-21 2013-05-01
208.976 TFS MARKET NEUTRAL FUND     2013-05-01
566.445 TFS MARKET NEUTRAL FUND   2012-11-21 2013-05-01
15. ECOLAB INC     2013-05-08
25. EDISON INTL   2013-04-12 2013-05-08
25. EMERSON ELEC CO   2013-05-01 2013-05-08
7.00066 GOLDMAN SACHS GROUP INC   2011-04-14 2013-05-08
9.99934 GOLDMAN SACHS GROUP INC     2013-05-08
36. PFIZER INC COMMON STOCK   2000-04-11 2013-05-08
7. PFIZER INC COMMON STOCK   2013-02-22 2013-05-08
5. PFIZER INC COMMON STOCK   2006-04-04 2013-05-08
15. UNITED TECHNOLOGIES CORP   2012-11-21 2013-05-08
55. IPATH DOW JONES UBS COMMODITY     2013-05-15
5. IPATH DOW JONES UBS COMMODITY   2007-07-24 2013-05-15
30. EXXON MOBIL CORP   1997-08-18 2013-05-15
40. ORACLE CORPORATION   2007-01-31 2013-05-15
18. QUALCOMM INC     2013-05-15
26. 3M CO     2013-05-15
190. IPATH DOW JONES UBS COMMODITY     2013-06-12
2. IPATH DOW JONES UBS COMMODITY   2007-06-25 2013-06-12
35. EXELON CORP   2013-05-01 2013-06-12
10. ISHARES IBOXX HIGH YIELD ETF   2012-10-17 2013-06-12
4.00855 ISHARES IBOXX HIGH YIELD ETF   2011-05-03 2013-06-12
14.99145 ISHARES IBOXX HIGH YIELD ETF     2013-06-12
25. SPDR GOLD SHARES ETF   2012-11-07 2013-06-12
.875 MALLINCKRODT PLC W I   2012-08-07 2013-07-18
74.272 AMERICAN CENTY INTL BOND FD INSTL   2012-11-07 2013-08-05
10. BANK OF AMERICA CORP   2013-05-15 2013-08-05
5. BEST BUY CO INC   2013-06-12 2013-08-05
5. BOEING CO   2012-02-23 2013-08-05
5. CVS CORP COM   2012-08-07 2013-08-05
5. CITIGROUP INC   2011-05-18 2013-08-05
5. DISNEY WALT CO   2010-02-10 2013-08-05
5. EXPRESS SCRIPTS HLDGS C   2011-03-07 2013-08-05
5. EXXON MOBIL CORP   1997-08-18 2013-08-05
2. GENERAL ELEC CO   2013-06-12 2013-08-05
13. GENERAL ELEC CO     2013-08-05
5. GENERAL MILLS INC   2013-03-01 2013-08-05
5. GILEAD SCIENCES INC   2013-03-01 2013-08-05
10. INTEL CORP   2001-03-08 2013-08-05
5. ISHARES BARCLAYS TIPS BOND ETF   2012-11-21 2013-08-05
26. ISHARES S P U S PREFERRED STOCK ETF     2013-08-05
5. J P MORGAN CHASE & CO   2009-11-04 2013-08-05
5. JOHNSON & JOHNSON   2013-05-08 2013-08-05
5. MC DONALD'S CORP   2009-05-07 2013-08-05
5. MERCK AND CO INC   2013-01-23 2013-08-05
5. MICROSOFT CORP   2013-04-12 2013-08-05
136.526 OPPENHEIMER SENIOR FLOATING RATE Y   2013-04-12 2013-08-05
5. ORACLE CORPORATION   2007-01-31 2013-08-05
422.455 P I M C O FDS TOTAL RETURN FD     2013-08-05
5. PEPSICO INC   2013-05-01 2013-08-05
10. PFIZER INC COMMON STOCK     2013-08-05
5. PRAXAIR INC   2003-12-22 2013-08-05
5. PRUDENTIAL FINL INC   2013-05-01 2013-08-05
5. QUALCOMM INC   2003-04-30 2013-08-05
16.598 T ROWE PRICE MID CAP GROWTH FD #64   2012-12-07 2013-08-05
36.396 T ROWE PRICE SC STOCK     2013-08-05
67.534 T ROWE PRICE MID CAP VALUE FD INC     2013-08-05
43.039 LAUDUS INTL MARKETMASTERS FUND SEL   2010-11-22 2013-08-05
5. STARBUCKS CORP   2010-10-18 2013-08-05
5. STATE STR CORP   2012-08-07 2013-08-05
5. TARGET CORP   2001-09-19 2013-08-05
10. VERIZON COMMUNICATIONS   2006-05-19 2013-08-05
1. WAL MART STORES INC   2013-02-22 2013-08-05
4. WAL MART STORES INC   2006-04-04 2013-08-05
10. WELLS FARGO & CO NEW   2004-04-20 2013-08-05
2. MALLINCKRODT PLC W I   2012-08-07 2013-08-05
249.019 AMERICAN CENTY INTL BOND FD INSTL   2010-11-22 2013-09-24
25. GLAXO SMITHKLINE P L C A D R   2013-05-01 2013-09-24
4. MASTERCARD INC   2009-11-18 2013-09-24
257.403 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-05-01 2013-09-24
112.518 NUVEEN REAL ESTATE SECS I   2003-04-14 2013-09-24
60.4 NUVEEN REAL ESTATE SECS I   2011-11-07 2013-09-24
85.956 T ROWE PRICE SC STOCK   2012-11-21 2013-09-24
304.219 LAUDUS INTL MARKETMASTERS FUND SEL   2010-11-22 2013-09-24
239.55 SCOUT INTERNATIONAL FUND   2011-04-12 2013-09-24
. ENRON CORP     2013-10-15
30. AUTODESK INC   2013-09-24 2013-11-21
40. BEST BUY CO INC   2013-06-12 2013-11-21
15. CATERPILLAR INC   2013-09-24 2013-11-21
30. INTERNATIONAL PAPER CO   2013-09-24 2013-11-21
50. MERCK AND CO INC     2013-11-21
15. OCCIDENTAL PETE CORP COM   2013-05-15 2013-11-21
15. PRAXAIR INC     2013-11-21
11. ISHARES IBOXX HIGH YIELD ETF   2013-05-08 2013-12-04
55.977 OPPENHEIMER SENIOR FLOATING RATE Y   2012-10-17 2013-12-04
15.888 T ROWE PRICE MID CAP GROWTH FD #64   2012-11-07 2013-12-04
35.241 T ROWE PRICE MID CAP VALUE FD INC   2012-11-07 2013-12-04
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 1,406   1,344 62
b 1,214   1,241 -27
c 1,148   1,157 -9
d 249   251 -2
e 357   358 -1
1,145   1,148 -3
2     2
819   638 181
930   692 238
1,279   1,218 61
1,157   1,286 -129
1,729   2,824 -1,095
1,117   1,182 -65
112   186 -74
223   373 -150
112   106 6
2,116   1,733 383
2,304   1,670 634
1,291   1,234 57
1,355   1,205 150
1,087   802 285
1,223   1,211 12
270   251 19
1,025   1,337 -312
1,421   1,404 17
1,137   1,210 -73
1,330   1,297 33
2,484   1,760 724
1,340   1,370 -30
2,856   2,707 149
968   1,177 -209
1,224   1,360 -136
755   937 -182
1,190   1,201 -11
1,801   907 894
450   387 63
1,485   1,301 184
2,406   3,094 -688
2,606   2,865 -259
1,277   1,421 -144
1,112   1,107 5
139   123 16
1,632   1,350 282
1,153   1,254 -101
1,230   1,126 104
2,069   1,356 713
2,634   2,729 -95
1,195   1,037 158
1,811   885 926
1,228   344 884
1,342   1,229 113
1,083   1,046 37
1,598   1,040 558
3,822   3,329 493
1,316   1,320 -4
5,482   5,320 162
3,101   3,239 -138
288   490 -202
887   851 36
7,890   7,758 132
13,349   14,155 -806
2,666   2,347 319
2,762   2,666 96
1,603   954 649
422   348 74
3,270   3,225 45
8,865   8,803 62
1,300   345 955
1,292   1,299 -7
1,409   1,365 44
1,054   1,094 -40
1,505   1,601 -96
1,036   1,279 -243
201   191 10
144   125 19
1,409   1,160 249
2,124   2,703 -579
193   260 -67
2,730   894 1,836
1,350   683 667
1,175   320 855
2,895   1,962 933
7,258   7,775 -517
76   107 -31
1,071   1,293 -222
918   936 -18
368   370 -2
1,376   1,381 -5
3,366   4,153 -787
37   35 2
1,019   1,088 -69
147   136 11
156   137 19
537   379 158
310   223 87
264   207 57
332   147 185
326   273 53
457   149 308
49   47 2
319   506 -187
261   231 30
308   215 93
229   282 -53
562   611 -49
1,000   1,032 -32
281   218 63
470   426 44
495   265 230
241   213 28
159   144 15
1,144   1,145 -1
163   85 78
4,558   4,873 -315
421   412 9
292   301 -9
600   190 410
408   297 111
327   79 248
1,170   1,010 160
1,558   1,343 215
1,961   1,749 212
956   804 152
370   138 232
350   207 143
357   143 214
500   282 218
79   70 9
314   187 127
444   281 163
91   80 11
3,461   3,611 -150
1,280   1,291 -11
2,739   913 1,826
2,548   2,700 -152
2,420   1,534 886
1,299   1,141 158
3,706   3,008 698
7,018   5,680 1,338
8,662   8,058 604
10     10
1,288   1,218 70
1,562   1,096 466
1,230   1,278 -48
1,395   1,417 -22
2,424   2,084 340
1,473   1,360 113
1,879   555 1,324
1,021   1,057 -36
470   464 6
1,180   925 255
1,072   869 203
      2,924
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       62
b       -27
c       -9
d       -2
e       -1
      -3
      2
      181
      238
      61
      -129
      -1,095
      -65
      -74
      -150
      6
      383
      634
      57
      150
      285
      12
      19
      -312
      17
      -73
      33
      724
      -30
      149
      -209
      -136
      -182
      -11
      894
      63
      184
      -688
      -259
      -144
      5
      16
      282
      -101
      104
      713
      -95
      158
      926
      884
      113
      37
      558
      493
      -4
      162
      -138
      -202
      36
      132
      -806
      319
      96
      649
      74
      45
      62
      955
      -7
      44
      -40
      -96
      -243
      10
      19
      249
      -579
      -67
      1,836
      667
      855
      933
      -517
      -31
      -222
      -18
      -2
      -5
      -787
      2
      -69
      11
      19
      158
      87
      57
      185
      53
      308
      2
      -187
      30
      93
      -53
      -49
      -32
      63
      44
      230
      28
      15
      -1
      78
      -315
      9
      -9
      410
      111
      248
      160
      215
      212
      152
      232
      143
      214
      218
      9
      127
      163
      11
      -150
      -11
      1,826
      -152
      886
      158
      698
      1,338
      604
      10
      70
      466
      -48
      -22
      340
      113
      1,324
      -36
      6
      255
      203
       
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 24,726
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))
2012 25,502 961,112 0.026534
2011 27,285 512,649 0.053224
2010 4,079 533,264 0.007649
2009 16,897 552,768 0.030568
2008 17,533 541,166 0.032399
2 Total of line 1, column (d) ...................... 2 0.150374
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 0.030075
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,218,486
5 Multiply line 4 by line 3....................... 5 36,646
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 258
7 Add lines 5 and 6......................... 7 36,904
8 Enter qualifying distributions from Part XII, line 4.............. 8 49,575
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 (2013)
Form 990-PF (2013)
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 1 258
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............................ 3 258
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- ..... 5 258
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 645
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.............. 7 645
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 387
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet260 RefundedBullet 11 127
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 2013 or the taxable year beginning in 2013 (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) 464-3580
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 2013 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 2013.)....................
    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 2013?
    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 (2013)
    Form 990-PF (2013)
    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     		9,790    
    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 (2013)
    Form 990-PF (2013)
    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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    60,924
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    258
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    258
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    60,666
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    750
    5
    Add lines 3 and 4............................
    5
    61,416
    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
    61,416
    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
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 61,416
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 44,517
    b Total for prior years:2011, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 0
    b From 2009....... 0
    c From 2010....... 0
    d From 2011....... 0
    e From 2012....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 49,575
    a Applied to 2012, but not more than line 2a 44,517
    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 2013 distributable amount..... 5,058
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 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 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		56,358
    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 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009.... 0
    b Excess from 2010.... 0
    c Excess from 2011.... 0
    d Excess from 2012.... 0
    e Excess from 2013.... 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    O'TOOLE LAW FIRM ATTN MCKEE
    209 N MAIN
    PLENTY WOOD,MT59254
    (406) 765-1630
    bThe form in which applications should be submitted and information and materials they should include:
    OBTAIN OFFICIAL APPLICATION FROM ABOVE ADDRESS
    cAny submission deadlines:
    MUST BE SUBMITTED BY 7-15 OF EACH YEAR FOR THE FOLLOWING SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO UNDERGRADUATES WHO RESIDE IN SHERIDAN, ROOSEVELT, OR DANIELS COUNTY, MT.
    Form 990-PF (2013)
    Form 990-PF (2013)
    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
    TERRANCE BJORGEN
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 1,700
    CAITLIN NYBY
    CONCORIDA COLLEGE MOORHEAD
    901 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 1,700
    HANNAH LANDERAAEN
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59254     		NONE PUBLIC SCHOLARSHIP 1,700
    EMILY MARTIN
    MSU - BOZEMAN
    135 STRAND UNION BUILDING
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,700
    LINDSEY NELSON
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,MT58707     		NONE PUBLIC SCHOLARSHIP 1,700
    MICHAEL O'TOOLE
    MILES COMMUNITY COLLEGE
    2715 DICKINSON STREET
    MILES CITY,MT59301     		NONE PUBLIC SCHOLARSHIP 500
    MEGAN SHOAL
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 500
    JACKSON BOLSTAD
    UNIVERSITY OF MONTANA MISSOLA
    32 CAMPUS DRIVE STOP 1
    MISSOULA,MT59812     		NONE PUBLIC SCHOLARSHIP 1,700
    AMY JOHNSON
    CONCORDIA COLLEGE
    901 - 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 1,700
    EMILY HENDRICKSON
    MONTANA TECH
    1300 W PARK
    BUTTE,MT59701     		NONE PUBLIC SCHOLARSHIP 1,700
    PAGE FOSSUM
    MONTANA STATE UNIVERSITY
    PO BOX 172190
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 500
    KIRSTEN TRYAN
    MONTANA STATE UNIVERSITY
    PO BOX 172190
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,700
    MARISSA OLSON
    UNIVERSITY OF MONTANA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE PUBLIC SCHOLARSHIP 500
    ALLISON STADSTAD
    MONTANA STATE UNIVERSITY
    PO BOX 172190
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 500
    TESSA WAGNER
    MINOT STATE UNIVERSITY
    1200 UNIVERSITY ST
    SPEARFISH,SD57799     		NONE PUBLIC SCHOLARSHIP 500
    TRISTA SCHIPMAN
    DAKOTA COLLEGE
    105 SIMRALL BLVD
    BOTTINEAU,ND58318     		NONE PUBLIC SCHOLARSHIP 1,700
    ARIEL TANGE
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59625     		NONE PUBLIC SCHOLARSHIP 500
    MATT MCCOY
    DICKINSON STATE UNIVERSITY
    291 CAMPUS DRIVE
    DICKINSON,ND58601     		NONE PUBLIC SCHOLARSHIP 1,700
    COLTON HELLEGAARD
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 1,700
    COLTIN HURST
    MINOT STATE UNIVERSITY
    500 UNIVERISTY AVENU WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 500
    JOSUA HEPPNER
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 1,700
    SCOTT STENEHJEM
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 500
    HALLIE WESTGARD
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 1,450
    JARETT PEDESEN
    MONTANA STATE UNIVERSITY - BOZEMAN
    PO BOX 172000
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,700
    JACE O'NEIL
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 1,700
    WILLIAM BRENSADAL
    FLATHEAD COMMUNITY COLLEGE
    777 GRANDVIEW DR
    KALISPELL,MT59901     		NONE PUBLIC SCHOLARSHIP 1,700
    CARL CLARITO
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 1,700
    ABIGAIL CYBULSKI
    UNIVERSITY OF NORTH DAKOTA
    UNIVERSITY AVE
    GRAND FORKS,ND58201     		NONE PUBLIC SCHOLARSHIP 1,200
    AUSTIN DESHAW
    UNIVERSITY OF NORTH DAKOTA
    UNIVERSITY AVE
    GRAND FORKS,ND58201     		NONE PUBLIC SCHOLARSHIP 1,200
    KALLIE EBERLING
    CONCORDIA COLLEGE
    901 8TH ST
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 1,200
    MICHAEL JUEL
    MONTANA STATE UNIVERSITY
    PO BOX 17200
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,200
    JEROD MCCRORY
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 1,200
    BRADY OSKSA
    NORTH DAKOTA STATE UNIVERSITY
    PO BOX 6050
    FARGO,ND58102     		NONE PUBLIC SCHOLARSHIP 1,200
    CARA STADSTAD
    CONCORDIA COLLEGE
    901 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 1,200
    LOGAN TANGEDAL
    MONTANA STATE UNIVERSITY
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 1,200
    MAKAYLA WESTGARD
    NORTH DAKOTA STATE UNIVERSITY
    PO BOX 6050
    FARGO,ND58102     		NONE PUBLIC SCHOLARSHIP 1,200
    Total .................................bullet 3a 45,650
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 8,467  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 24,726  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aROYALTY INCOME     14 369  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   33,562  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1333,562
    (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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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 (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN CENTY INTL BOND FD 7,985 7,683
    PIMCO TOTAL RETURN FUND 63,648 59,110
    DRIEHAUS ACTIVE INCOME    
    ISHARES BARCLAYS TIP BOND 8,601 8,243
    ISHARES IBOXX HY CORP BOND 8,097 7,988
    ISHARES JP MORGAN EM BOND FD 5,025 4,759
    ISHARES S&P PREF STK INDX 8,688 8,103
    OPPENHEIMER SR FLOAT RATE 7,874 7,997
    LOOMIS SAYLES STRATEGIC ALPHA 8,233 8,010

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS    
    APACHE CORP 1,227 1,289
    APPLE INC 399 3,927
    ECOLAB INC 1,331 1,564
    EXELON CORPORATION 1,213 1,096
    EXXON MOBIL CORP 1,715 2,732
    GENERAL ELEC 2,557 3,083
    GOOGLE INC 1,444 4,483
    ILLINOIS TOOL WKS 1,550 1,682
    INTEL CORP 1,413 1,687
    JP MORGAN CHASE & CO 1,536 2,105
    JOHNSON & JOHNSON 1,897 2,290
    MICROSOFT CORP 1,292 1,683
    ORACLE CORPORATION 1,284 1,683
    PEPSICO INC 2,210 2,488
    PFIZER INC 2,576 2,359
    PRAXAIR INC 190 650
    PROCTER & GAMBLE CO 1,166 1,628
    QUALCOMM INC 1,655 2,822
    STATE STR CORP 1,281 2,275
    TARGET CORPORATION 858 1,898
    UNITED PARCEL SERVICE INC 1,277 1,576
    UNITED TECHNOLOGIES 3,001 3,414
    VERIZON COMMUNICATIONS 1,957 2,457
    WAL MART STORES 1,335 1,495
    WELLS FARGO & CO 2,019 3,632
    3M CO    
    SCHLUMBERGER LTD 2,057 2,703
    NUVEEN REAL ESTATE 15,332 15,460
    ISHARES MSCI EMERGING MKTS    
    GOLDMAN SACHS 1,652 1,773
    MASTERCARD INC 456 1,671
    MCDONALDS 1,949 2,426
    CITIGROUP INC 1,405 1,772
    DISNEY WALT CO 1,746 2,674
    FREEPORT MCMORAN COPPER GOLD    
    GENERAL MILLS INC 1,157 1,248
    STARBUCKS CORP 688 1,960
    IPATH DOW JONES UBS COMMODITY 11,692 9,739
    LAUDUS INTL MARKETMASTERS FD 24,102 30,535
    CHEVRON CORPORATION 1,765 2,123
    EMC CORPORATION    
    EXPRESS SCRIPTS 1,147 1,475
    PGE CORP    
    PRUDENTIAL FINANCIAL 1,785 2,767
    SCOUT INTERNATIONAL FUND 27,551 30,676
    SPDR DJ WILSHIRE INTERNATIONAL 11,604 11,948
    TFS MARKET NEUTRAL FUND    
    BOEING 1,137 2,047
    CVS CAREMARK CORP 1,381 2,219
    DOW CHEM CO 1,375 1,554
    EMERSON ELEC CO 1,311 1,404
    GILEAD SCIENCES INC 1,077 1,878
    INTERNATIONAL BUSINESS MACHINE 2,198 2,063
    LSI CORPORATION    
    MARATHON OIL CORP    
    MOTOROLA SOLUTIONS    
    NIKE    
    P N C FINANICAL SERVICES GROUP    
    ACCENTURE PLC 1,201 1,233
    ACE LTD 1,466 2,071
    COVIDIEN PLC 1,199 1,566
    ROWE T PRICE MID-CAP GROWTH    
    ROWE T PRIC MID-CAP VALUE    
    SPDR GOLD TRUST 2,793 2,322
    T ROWE PRICE SC STOCK 9,967 11,798
    ANADRAKO PETROLEUM CORP 1,377 1,190
    BANK OF AMERICA CORP 1,085 1,246
    BAXTER INTERNATIONAL INC 1,383 1,391
    BLACKROCK INC 1,649 1,899
    LOWES CO INC 1,332 1,734
    ROCKWELL AUTOMATION INC 1,621 1,772
    ABERDEEN FDS EMRGN MKT 21,582 19,589
    ROBECO BOSTON PARTNERS L S RSR 15,107 16,651
    T ROWE PRICE MID CAP GROWTH 10,973 13,656
    T ROWE PRICE MID CAP VALUE FD 11,386 13,774

    TY 2013 LegalFeesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NON-ALLOCABLE LEGAL FEES 1,596     1,596


    TY 2013 OtherExpensesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROYALTY EXPENSES 56 56   0


    TY 2013 OtherIncomeSchedule2
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 369 369  


    TY 2013 OtherIncreasesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Amount
    ADJ FOR ROUNDING 4
    DEPLETION 55
    RETURNED SCHOLARSHIP PRIOR YEAR 750


    TY 2013 TaxesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 521 0   0
    FEDERAL ESTIMATES - PRINCIPAL 645 0   0
    FOREIGN TAXES ON QUALIFIED FOR 153 153   0
    FOREIGN TAXES ON NONQUALIFIED 17 17   0